INCOME STATEMENT

YEAR 2017 A 2018 A 2019 A 2020 A 2021 F 2022 F 2023 F

REVENUE 35759 36238 39310 39783 41418.94 43191.8 45104.19
COST OF GOODS SOLD -16313 -16730 -18474 -18259 19009.84 19823.52 20701.24
GROSS PROFIT 19446 19508 20836 21524 22409.1 23368.28 24402.95
EMPLOYEE BENEFIT EXPENSES -1743 -1860 -1875 -1820 -1894.841 -1975.946 -2063.435
OTHER EXPENSES -11363 -10149 -10081 -9843 -8283.787 -8638.359 -9020.838
EBIDTA 6340 7499 8880 9861 10354.05 10871.75 11415.34
Dep. ,Amortization Expenses -432 -520 -565 -1002 -669.0189 -753.6297 -841.9257
EBIT 5908 6979 8315 8859 9685.031 10118.12 10573.41
INTEREST EXPENSES -35 -26 -33 -118 -128.03 -138.9126 -150.7201
INTEREST INCOME 260 260 381 492 492 492 492
OTHER INCOME 109 124 169 140 140 140 140
EBT 6242 7337 8832 9373 10189 10611.21 11054.69
EXCEPTIONAL ITEMS 237 -33 -228 -200 0 0 0
TAX EXPENSES -1977 -2079 -2544 -2409 -2618.724 -2727.238 -2841.22
PAT 4502 5225 6060 6764 7570.277 7883.972 8213.474

BASIC SHARES OUTSTANDING 216.42 216.44 216.46 216.47 216.47 216.47 216.47
DILUTION EFFECT 0.042568 0.046655 0.035947 0.019612 0.019612 0.019612 0.019612
DILUTED SHARES OUTSTANDING 216.46 216.49 216.50 216.49 216.49 216.49 216.49
BAISC EPS 20.80214 24.14064 27.99593 31.24682 34.97148 36.42062 37.94278
DILUTED EPS 20.79805 24.13544 27.99129 31.24399 34.96831 36.41732 37.93934
Dividend Per Share 17 20 22 25
Common Dividind Paid 3679.14 4328.8 4762.12 5411.75 6116.049 6369.484 6635.689
Share Price 934.95 1508.9 1757.7 2243

BALANCE SHEET

EQUITY SHARE CAPITAL 216 216 216 216 216 216 216
OTHER EQUITY 6528 7065 7651 8013 9467.228 10981.72 12559.5
Minority Interest 22 20 18 17 17 17 17
NET WORTH 6766 7301 7885 8246 9700.228 11214.72 12792.5

Long Term Debt 0 0 0 0 0 0 0

Other non Current Liabilities 1226 1674 2077 2590 3229.706 4027.414 5022.149
Short Term Borrowings 277 0 99 0 94 94 94
Trade Payables 6186 7170 7698 8467 8815.176 9192.493 9599.507
Other Current Liabilities 1251 1717 870 850 1876.695 2252.034 2702.441
TOTAL LIABILITIES 8940 10561 10744 11907 14015.58 15565.94 17418.1

TOTAL LIABILITIES AND EQUITY 15706 17862 18629 20153 23715.81 26780.66 30210.6
NON CURRENT ASSETS
PROPERTY PLANT AND MACHINERY 3968 4058 4170 4109 4268.36 4378.566 4438.724
CAPITAL WORK IN PROGRESS 229 461 406 597 597.00 597.00 597.00
GOODWILL 0 0 36 36 36.00 36.00 36.00
OTHER INTANGIBLE ASSETS 370 367 406 402 402.00 402.00 402.00
GPPDWILL ON CONSOLIDATION 81 81 81 81 81.00 81.00 81.00
LONG TERM INVESTMENT 6 2 2 2 2.00 2.00 2.00
OTHER NON CURRENT ASSETS 880 1233 1614 2605 2605 2605 2605
TOTAL NON CURRENT ASSETS 5534 6202 6715 7832 7991.36 8101.566 8161.724
CURRENT ASSETS
INVENTORIES 2541 2513 2574 2767 2880.783 3004.09 3137.101
INVESTMENTS 3788 2871 2714 1253 904.2129 652.5147 470.8797
TRADE RECEIVABLES 1085 1310 1816 1149 1196.249 1247.452 1302.685
CASH AND CASH EQUIVALENTS 1828 3485 3757 5113 8296.401 10838.88 13614.82
OTHER CURRENT ASSETS 930 1481 1053 2039 2446.8 2936.16 3523.392
TOTAL CURRENT ASSETS 10172 11660 11914 12321 15724.45 18679.09 22048.87
TOTAL ASSETS 15706 17862 18629 20153 23715.81 26780.66 30210.6

CHECK SUM 0 0 0 0 0 0 0
2024 F 2025 F 2026 F 2027 F 2028 F 2029 F 2030 F
47159.92 49363.91 51722.15 54241.63 56930.36 59797.35 62852.59
21644.75 22656.3 23738.65 24895 26129.04 27444.88 28847.13
25515.17 26707.61 27983.5 29346.62 30801.32 32352.47 34005.46
-2157.481 -2258.309 -2366.194 -2481.456 -2604.461 -2735.62 -2875.392
-9431.984 -9872.783 -10344.43 -10848.33 -11386.07 -11959.47 -12570.52
11986.11 12585.41 13214.68 13875.42 14569.19 15297.65 16062.53
-934.1898 -1030.714 -1131.8 -1237.763 -1348.935 -1465.663 -1588.313
11051.92 11554.7 12082.88 12637.65 13220.25 13831.98 14474.22
-163.5313 -177.4315 -192.5132 -208.8768 -226.6313 -245.895 -266.796
492 492 492 492 492 492 492
140 140 140 140 140 140 140
11520.39 12009.27 12522.37 13060.78 13625.62 14218.09 14839.42
0 0 0 0 0 0 0
-2960.91 -3086.56 -3218.435 -3356.813 -3501.987 -3654.26 -3813.951
8559.476 8922.708 9303.935 9703.964 10123.63 10563.83 11025.47

216.47 216.47 216.47 216.47 216.47 216.47 216.47

0.019612 0.019612 0.019612 0.019612 0.019612 0.019612 0.019612
216.49 216.49 216.49 216.49 216.49 216.49 216.49
39.54116 41.21914 42.98025 44.82821 46.76692 48.80043 50.93301
39.53758 41.21541 42.97636 44.82415 46.76268 48.79601 50.9284

6915.226 7208.681 7516.676 7839.86 8178.914 8534.549 8907.509

216 216 216 216 216 216 216

14203.75 15917.78 17705.04 19569.14 21513.86 23543.14 25661.1
17 17 17 17 17 17 17
14436.75 16150.78 17938.04 19802.14 21746.86 23776.14 25894.1

0 0 0 0 0 0 0
6262.573 7809.372 9738.215 12143.47 15142.79 18882.92 23546.83
94 94 94 94 94 94 94
10037.03 10506.1 11008 11544.22 12116.47 12726.65 13376.89
3242.93 3891.515 4669.819 5603.782 6724.539 8069.446 9683.336
19636.53 22300.99 25510.04 29385.47 34077.79 39773.01 46701.06

34073.28 38451.77 43448.07 49187.61 55824.66 63549.16 72595.16

4447.733 4404.298 4306.941 4154.01 3943.682 3673.966 3342.704

597.00 597.00 597.00 597.00 597.00 597.00 597.00
36.00 36.00 36.00 36.00 36.00 36.00 36.00
 402.00 402.00 402.00 402.00 402.00 402.00 402.00
81.00 81.00 81.00 81.00 81.00 81.00 81.00
2.00 2.00 2.00 2.00 2.00 2.00 2.00
2605 2605 2605 2605 2605 2605 2605
8170.733 8127.298 8029.941 7877.01 7666.682 7396.966 7065.704

3280.082 3433.375 3597.395 3772.631 3959.639 4159.045 4371.544

339.8048 245.2162 176.9574 127.6993 92.1527 66.50092 47.98962
1362.058 1425.713 1493.823 1566.589 1644.245 1727.048 1815.289
16692.53 20146.48 24061.54 28537.58 33694.61 39678.8 46669.68
4228.07 5073.684 6088.421 7306.106 8767.327 10520.79 12624.95
25902.55 30324.47 35418.13 41310.6 48157.97 56152.19 65529.45
34073.28 38451.77 43448.07 49187.61 55824.66 63549.16 72595.16

0 0 0 0 0 0 0