BalanceSheet - Ashok Leyland Ltd.

Rs (in Crores)
Particulars

Mar'14

Mar'13

Mar'12

Mar'11

Mar'10

12 Months

12 Months

12 Months

12 Months

12 Months

266.07

266.07

266.07

133.03

133.03

Reserves & Surplus

4181.82

4189.04

2632.34

2523.65

2190.1

Net Worth

4447.88

4455.1

4211.76

3962.96

3656.31

1937.3

1903.46

960.43

1272.22

788.12

1946.61

1601.36

1435.1

1385.97

1492.33

8331.8

7959.93

6607.3

6621.15

5936.75

8327.87

7715.37

7174.3

6691.89

6018.63

2668

2433.49

2147.77

2058.1

1769.07

5659.87

5281.88

3713.17

3327.52

2916.39

181.53

688.93

577.31

387.82

619.71

2789.69

2337.63

1534.48

1230

326.15

1188.7

1896.02

2230.63

2208.9

1638.24

Sundry Debtors

1299.01

1419.41

1230.37

1185.21

1022.06

Cash and Bank

11.69

13.94

32.56

179.53

518.92

Loans and Advances

1677.51

1458.89

1302.47

787.17

928.31

Total Current Assets

4176.92

4788.26

4796.02

4360.81

4107.53

Current Liabilities

4320.21

4749.58

4837.41

3505.26

3002.68

Provisions

155.99

387.2

496.94

490.33

368.69

Total Current Liabilities

4476.2

5136.77

5334.35

3995.59

3371.37

NET CURRENT ASSETS

-299.28

-348.51

-538.33

365.23

736.15

7.31

4.31

5.17

8331.8

7959.93

6607.3

6621.15

5936.75

Liabilities
Share Capital

Secured Loan
Unsecured Loan

TOTAL LIABILITIES
Assets
Gross Block

(-) Acc. Depreciation

Net Block

Capital Work in Progress

Investments
Inventories

Misc. Expenses
TOTAL
ASSETS(A+B+C+D+E)

Profit & Loss Ashok Leyland

Ltd.Rs (in Crores)
Mar'14

Mar'13

Mar'12

Mar'11

Mar'10

12Months

12Months

12Months

12Months

12Months

9943.43

12481.2

14134.08

12393.36

8071.74

Excise Duty

824.49

986.21

635.56

NET SALES

9943.43

12481.2

13309.59

11407.15

7436.18

10009.95

12543.55

13346.46

11445.85

7472.57

61.04

86

176.42

151.22

89.98

Material Consumed

7652.84

9197.12

9527.17

8230.64

5282.39

Personal Expenses

999.67

1075.51

1039.07

974.6

671.61

872.64

761.38

571.69

1063.31

1246.1

463.02

95.81

74.36

Expenses Capitalised

-25.09

-24.06

-15.25

Provisions Made

9776.86

11604.73

12053.23

10189.6

6674.79

Operating Profit

166.56

876.47

1256.36

1217.56

761.4

EBITDA

233.08

938.82

1293.23

1256.25

797.79

Depreciation

377.04

380.78

352.81

267.43

204.11

-143.95

558.04

940.42

988.82

593.68

452.92

376.89

255.25

188.92

101.85

-596.88

181.15

685.16

799.9

491.83

-120.6

37

124

170.5

121.1

-476.28

144.15

561.16

629.4

370.73

INCOME:
Sales Turnover

Other Income
TOTAL INCOME
EXPENDITURE:

Manufacturing Expenses

Selling Expenses

Administrative Expenses

TOTAL EXPENDITURE

Other Write-offs
EBIT
Interest
EBT
Taxes
Profit and Loss for the
Year

Non Recurring Items

505.66

289.56

4.81

1.9

52.95

Other Non Cash

Adjustments

Other Adjustments

29.38

433.71

565.98

631.3

423.67

Preference Dividend

Equity Dividend

132.51

222.9

222.9

199.55

Equity Dividend (%)

49.8

83.77

167.55

149.99

Shares in Issue (Lakhs)

26606.77

26606.77

26606.77

13303.38

13303.38

EPS - Annualised (Rs)

0.11

1.63

2.13

4.75

3.18

8204.12
7337.38

8254.4
6740.77

7232.94
5015.64

6163.45
4114.69

5283.13
3844.7

-299.28

-348.51

-538.33

365.23

736.15

266.07
266.07
266.07
133.03
23.7
21.95
30.3
28.45
6305.859 5840.237 8061.921 3784.7035

133.03
27.93
3715.5279

REPORTED PAT
KEY ITEMS

Total Liabilty
Total Asset

W.C
No of Eq Shares
Rate
MV of Equity
Altman
WC/TA
V
RE/TA
V
EBIT/TA
V
MV of Eq/TL
V
Sales/TA
V
Altman Z Score
CL

Mar'14

Mar'13

Mar'12

Mar'11

Mar'10

Weights

-0.040788
-0.048946
0.569934
0.797907
-0.019619
-0.064742
0.768621
0.461173
1.355174
1.353819

-0.051702
-0.062042
0.621448
0.870028
0.082786
0.273193
0.70753
0.424518
1.851599
1.849747

-0.10733
-0.128796
0.524826
0.734757
0.187498
0.618742
1.114612
0.668767
2.653617
2.650964

0.0887625
0.106515
0.6133269
0.8586576
0.2403146
0.7930381
0.614056
0.3684336
2.7722988
2.7695265

0.19147138
0.22976565
0.56964132
0.79749785
0.15441517
0.50957006
0.70328156
0.42196894
1.9341379
1.93220377

1.2

2.499211 3.355444 4.544433 4.8961708 3.89100626

4320.21

4749.58

4837.41

3505.26

3002.68

1.4
3.3
0.6
0.999

Springate
W.C/T.A
V
EBIT/TA
V
PBT/Debt
V
Sales/TA
V
Springate Z

Mar'14

Mar'13

Mar'12

Mar'11

Mar'10

Weights

-0.040788
-0.042012
-0.019619
-0.060229
-0.072754
-0.048017
1.355174
0.54207

-0.051702
-0.053253
0.082786
0.254152
0.021946
0.014484
1.851599
0.740639

-0.10733
-0.11055
0.187498
0.575617
0.094728
0.06252
2.653617
1.061447

0.0887625
0.0914253
0.2403146
0.7377658
0.1297812
0.0856556
2.7722988
1.1089195

0.19147138
0.19721552
0.15441517
0.47405457
0.09309443
0.06144233
1.9341379
0.77365516

1.03

0.391811 0.956023 1.589034 2.0237662 1.50636757

3.07
0.66
0.4

BalanceSheet - Force Motors Ltd.

Rs (in Crores)
Particulars

Mar'14

Mar'13

Mar'12

Mar'11

Mar'10

12 Months

12 Months

12 Months

12 Months

12 Months

13.18

13.18

13.18

13.18

13.18

Reserves & Surplus

1212.84

1139.77

1130.12

321.1

270.14

Net Worth

1226.02

1152.95

1143.3

334.28

283.32

119.08

62

20.38

41.99

59.69

130.43

85.83

1246.4

1194.94

1202.99

583.78

431.15

1485.42

1397.41

1161.5

1089.32

937.73

(-) Acc. Depreciation

842.12

775.82

710.78

696.78

653.42

Net Block

643.29

621.59

450.72

392.53

284.31

Capital Work in Progress

205.77

188.99

93.37

59.49

45.71

1.23

1.18

0.95

56.74

56.74

Inventories

377.25

381.63

362.4

311.31

193.73

Sundry Debtors

135.08

108.8

156.43

161.37

150.23

Cash and Bank

216.09

225.15

462.09

14.76

25.71

Loans and Advances

193.15

180.5

138.41

118.02

86.7

Total Current Assets

921.58

896.08

1119.33

605.45

456.36

Current Liabilities

479.43

463.03

397.54

429.21

335.24

46.05

49.87

63.84

101.23

76.74

Total Current Liabilities

525.47

512.9

461.38

530.43

411.98

NET CURRENT ASSETS

396.1

383.18

657.95

75.02

44.38

1246.4

1194.94

1202.99

583.78

431.15

Liabilities
Share Capital

Secured Loan
Unsecured Loan

TOTAL LIABILITIES
Assets
Gross Block

Investments

Provisions

Misc. Expenses
TOTAL
ASSETS(A+B+C+D+E)

Profit & Loss Force Motors

Ltd.Rs (in Crores)
Mar'14

Mar'13

Mar'12

Mar'11

Mar'10

12Months

12Months

12Months

12Months

12Months

2021.63

1972.72

2085.01

1736.24

1108.24

Excise Duty

211.39

119.77

NET SALES

2021.63

1972.72

2085.01

1524.85

988.47

2081.56

2016.37

2109.6

1573.46

1048.5

37.94

37.22

34.32

45.04

28.84

Material Consumed

1486.93

1482.58

1541.37

1098.46

728.37

Personal Expenses

240.56

262.32

258.88

197.03

126.02

48.53

29.82

159.48

136.72

128.94

55.89

44.19

Expenses Capitalised

-20.9

-6.77

Provisions Made

1924.91

1918.84

1963.5

1424.06

950.47

96.71

53.88

121.5

100.79

38

156.65

97.53

146.1

149.41

98.03

84.84

70.16

60.36

44.82

42

71.81

27.38

85.74

104.59

56.03

9.18

8.24

35.15

23.32

16.89

62.63

19.13

50.59

81.27

39.14

-15.07

4.85

186.97

23.55

-17.54

77.69

14.28

-136.38

57.72

56.69

960.71

0.31

1.14

INCOME:
Sales Turnover

Other Income
TOTAL INCOME
EXPENDITURE:

Manufacturing Expenses

Selling Expenses

Administrative Expenses

TOTAL EXPENDITURE
Operating Profit
EBITDA
Depreciation
Other Write-offs
EBIT
Interest
EBT
Taxes
Profit and Loss for the
Year

Non Recurring Items

Other Non Cash

Adjustments

0.58

2.6

Other Adjustments

77.69

14.28

824.33

58.62

60.42

3.28

3.28

11.04

5.52

3.95

24.89

24.89

83.75

41.87

29.99

Shares in Issue (Lakhs)

131.76

131.76

131.76

131.76

131.76

EPS - Annualised (Rs)

58.97

10.84

625.62

44.49

45.86

499.81
836.44

505.02
802.09

457.23
589.13

678.72
510.55

483.07
371.01

396.1

383.18

657.95

75.02

44.38

345.2
10
3452

332.55
10
3325.5

470.35
10
4703.5

796.5
10
7965

349.45
10
3494.5

Mar'14

Mar'13

Mar'12

Mar'11

Mar'10

Weights

WC/TA
V
RE/TA
V
EBIT/TA
V
MV of Eq/TL
V
Sales/TA
V

0.473555
0.568266
1.450002
2.030003
0.085852
0.283311
6.906625
4.143975
2.416946
2.414529

0.477727
0.573272
1.421
1.9894
0.034136
0.112648
6.584888
3.950933
2.459475
2.457015

1.116816
1.34018
1.918286
2.685601
0.145537
0.480271
10.28695
6.172167
3.539134
3.535595

0.14694
0.176327
0.62893
0.880501
0.204858
0.67603
11.73533
7.041195
2.986681
2.983694

0.119619
0.143543
0.728121
1.019369
0.15102
0.498367
7.233941
4.340365
2.664268
2.661604

1.2

Altman Z Score

9.440084 9.083269 14.21381 11.75775 8.663247

REPORTED PAT
KEY ITEMS
Preference Dividend
Equity Dividend

Equity Dividend (%)

Total Liabilty
Total Asset

W.C
No of Eq Shares
Rate
MV of Equity
Altman

CL
Springate
W.C/T.A

479.43

463.03

397.54

Mar'14

Mar'13

Mar'12

0.473555 0.477727 1.116816

1.4
3.3
0.6
0.999

429.21

335.24

Mar'11

Mar'10

Weights

0.14694 0.119619

1.03

V
EBIT/TA
V
PBT/Debt
V
Sales/TA
V

0.487761
0.085852
0.263565
0.125308
0.082703
2.416946
0.966778

0.492059
0.034136
0.104797
0.03788
0.025001
2.459475
0.98379

1.150321
0.145537
0.446797
0.110645
0.073025
3.539134
1.415654

0.151348
0.204858
0.628913
0.11974
0.079028
2.986681
1.194672

0.123208
0.15102
0.463632
0.081023
0.053475
2.664268
1.065707

Springate Z

1.800808 1.605646 3.085797 2.053961 1.706023

3.07
0.66
0.4