As at 31/03/2015

I. EQUITY AND LIABILITIES

(1) ShareholdersFunds
(a) Share Capital
(b) Reserves and Surplus
(2) Minority Interest
(3) Share Warrants in respect of Joint Ventur
(4) Non-currentliabilities
(a) Long-term borrowings
(b) Deferred tax liabilities (net)
(c) Other Long-term Liabilities
(d) Long term provisions
(5) Currentliabilities
(a) Short-term borrowings
(b) Trade payables
(c) Other current liabilities
(d) Short-term provisions
TOTAL
II. ASSETS
(1) Non-currentassets
(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under development
(b) Goodwill on consolidation
(c) Non-current investments
(d) Deferred tax assets (net)
(e) Long-term loans and advances
(f) Other non-current assets
(2) Currentassets
(a) Current investments
(b) Inventories
(c) Trade receivables
(d) Cash and Bank Balances
(e) Short-term loans and advances
(f) Other current assets
TOTAL

723.08
21,825.42
22,548.50
1,286.37
13.45
19,341.82
1,997.21
184.34
1,396.86
22,920.23
1,675.88
12,614.66
21,678.03
4,219.78
40,188.35
86,956.90

28,520.65
574.3
15,762.27
25.07
14.45
2,351.35
650.44
2,695.21
84.47
50,678.21
5,360.46
17,400.02
2,948.38
3,446.26
1,027.43
6,096.14
36,278.69
86,956.90

Horizontal Analysis
As at 31/03/2014

723.08
18,703.19
19,426.27
1,146.86
13.45
21,997.72
1,670.10
100.75
1,325.76
25,094.33
10,800.82
12,899.11
16,119.33
3,379.00
43,198.26
88,879.17

26,811.53
768.42
9,346.65
25.07
0
2,306.40
419
2,520.89
166.56
42,364.52
4,678.91
23,169.47
4,543.69
2,311.34
895.61
10,915.63
46,514.65
88,879.17

Absolute change (%)

As at 31/03/2015

0
0
0.8315383828
3122.23 16.69356939 25.0991238188
3122.23 16.07220532 25.9306622016
139.51 12.16451877
1.479319065
0
0
0.0154674327
0
-2655.9 -12.073524
22.242996243
327.11 19.58625232
2.296781509
83.59 82.96774194
0.2119900778
71.1 5.362961622
1.6063820122
-2174.1 -8.66371009
26.358149842
0
-9124.94 -84.4837707
1.9272536164
-284.45 -2.2051909 14.5067958954
5558.7 34.48468392 24.9296260561
840.78 24.88250962
4.8527258906
-3009.91 -6.9676649 46.2164014587
-1922.27 -2.16279022
100

1709.12 6.37457094 32.7986048261

-194.12 -25.2622264
0.6604421271
6415.62 68.64084993 18.1265316496
0
0
0.0288303746
0.0166174277
44.95 1.948924731
2.7040407374
231.44 55.23627685
0.7480027462
174.32 6.915018109
3.0994780173
-82.09 -49.2855427
0.0971400774
8313.69 19.6241808 58.2796879834
0
681.55 14.5664268
6.1645021844
-5769.45 -24.9010875 20.0099359568
-1595.31 -35.1104499
3.3906222508
1134.92 49.10225237
3.9631817602
131.82 14.71846004
1.1815393603
-4819.49 -44.1521928
7.0105305042
-10235.96 -22.0058842 41.7203120166
-1922.27 -2.16279022
100

Vertical Analysis
As at 31/03/2014

0.813553952
21.0433895816
21.8569435336
1.2903585846
0.0151329046
0
24.7501411186
1.8790679526
0.1133561441
1.4916430925
28.2342083078
0
12.1522511968
14.5130855745
18.13622922
3.8017906783
48.6033566695
100

30.1662695545
0.8645670296
10.5161310575
0.0282068341
0
2.594983729
0.4714265446
2.8363113652
0.1874004899
47.6652966044
0
5.2643493408
26.0685040151
5.1122102063
2.6005418367
1.0076714263
12.2814265705
52.3347033956
100

DuPont Analysis

ROE= Net income/ shareholders funds(%)

ROA= Net income/assets(%)
Financial leverage= assets/equity
Profit margin= equity/sales(%)
Asset turnover= sales/assets

14

15
22.5

20.9

5.8

4.5

3.85

4.57

9.4

7.4

2.73

2.92

Mar '15

Mar '14

Profitablity Ratios
Profitability Ratios
Operating Profit Margin(%)

3.49

3.1

Profit Before Interest And Tax Margin(%)

2.41

2.23

Gross Profit Margin(%)

2.43

2.24

Cash Profit Margin(%)

3.16

2.41

Adjusted Cash Margin(%)

3.16

2.41

Net Profit Margin(%)

2.13

1.56

Adjusted Net Profit Margin(%)

2.11

1.55

Return On Capital Employed(%)

23.35

18.56

Return On Net Worth(%)

22.63

2086

Adjusted Return on Net Worth(%)

22.63

20.86

Return on Assets Excluding Revaluations

310.72

269.11

Return on Assets Including Revaluations

310.72

269.11

23.38

23.37

Return on Long Term Funds(%)

Liquidity And Solvency Ratios

0.87

Current Ratio

0.83

Quick Ratio

0.42

0.59

Debt Equity Ratio

0.52

1.03

Long Term Debt Equity Ratio

0.52

0.61

13.72

5.38

0.52

1.03

Financial Charges Coverage Ratio

18.03

7.03

Financial Charges Coverage Ratio Post Tax

14.03

5.64

10

10

22.5

17

114.99

111.83

3,292.66

3,596.55

--

--

88.3

88.3

Debt Coverage Ratios

Interest Cover
Total Debt to Owners Fund

Investment Valuation Ratios

Face Value
Dividend Per Share
Operating Profit Per Share (Rs)
Net Operating Profit Per Share (Rs)
Free Reserves Per Share (Rs)
Bonus in Equity Capital

Mar '15

Mar '14

Balance Sheet
Mar '13

Sources Of Funds
Total Share Capital
Equity Share Capital
Share Application Money
Preference Share Capital
Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities

723.08
723.08
0
0
21,744.40
22,467.48
1,647.77
10,129.51
11,777.28
34,244.76

723.08
723.08
0
0
18,735.68
19,458.76
3,525.16
16,466.90
19,992.06
39,450.82

723.08
723.08
0
0
15,910.94
16,634.02
1,982.47
21,584.32
23,566.79
40,200.81

Application Of Funds
Gross Block
Less: Revaluation Reserves
Less: Accum. Depreciation
Net Block
Capital Work in Progress
Investments
Inventories
Sundry Debtors
Cash and Bank Balance
Total Current Assets
Loans and Advances
Fixed Deposits
Total CA, Loans & Advances
Deferred Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets
Miscellaneous Expenses
Total Assets

41,677.68
0
21,362.62
20,315.06
7,665.68
12,391.14
14,457.85
2,607.67
1,360.20
18,425.72
10,931.28
0
29,357.00
0
30,799.91
4,684.21
35,484.12
-6,127.12
0
34,244.76

38,048.55
0
19,009.04
19,039.51
3,065.10
11,846.89
19,071.13
4,080.16
203.76
23,355.05
15,120.86
0
38,475.91
0
29,150.69
3,825.90
32,976.59
5,499.32
0
39,450.82

33,571.89
0
16,881.48
16,690.41
2,419.74
12,103.00
16,690.37
4,025.13
2,328.86
23,044.36
12,729.88
0
35,774.24
0
24,033.27
2,753.31
26,786.58
8,987.66
0
40,200.81

Contingent Liabilities
Book Value (Rs)

18,904.19
310.72

17,397.99
269.11

11,467.93
230.04

Source : Dion Global Solutions Limited

ce Sheet
Mar '12

Mar '11

Mar'11

Trend Analysis
Mar'13

Mar'12

361.54
361.54
0
0
0
0
0
0
0
0

361.54
361.54
0
0
13,696.08
14,057.62
3,021.55
13,436.52
16,458.07
30,515.69

100
100
0
0
100
100
100
100
100
100

31,640.58
0
15,028.20
16,612.38
1,119.06
10,917.42
15,948.06
6,378.34
978.85
23,305.25
13,652.87
0
36,958.12
0
27,689.02
1,757.66
29,446.68
7,511.44
0
36,160.30

29,267.37
0
13,268.04
15,999.33
972.39
12,037.06
15,375.08
2,532.65
379.03
18,286.76
8,580.41
0
26,867.17
0
23,027.23
2,333.03
25,360.26
1,506.91
0
30,515.69

100
0
100
100
100
100
100
100
100
100
100
0
100
0
100
100
100
100
0
100

9,589.30
412.51

9,943.94
388.82

100
100

200
200

0
0
0
0
0
0

116.1714885
118.3274267
65.61102745
160.6392131
143.1929139
131.7381649

108.1087231 114.7075737
113.2661644
103.831723
115.0834542
90.69839313
103.7266798
251.8445107
258.2513258
127.4432978
159.1167555

127.2341657
104.3194309
248.8445994
100.5478082
108.5546872
158.9295797
614.4262987
126.0166372
148.3598103

137.5586636 133.1522449
120.2446842
75.33807966
116.1134783
498.4663981

104.3689145
118.0143419
105.6242326
596.4297801

118.4974025 131.7381649

100 96.4336068 115.3258165

100 106.0927936 59.16362327

Trend Analysis
Mar'14

Mar'15
200
200

200
200

136.7959299
138.4214398
116.6672734
122.5533099
121.4726879
129.2804456

158.7636754
159.8242092
54.53393126
75.38789806
71.55930191
112.2201726

130.0033109 142.4032293
143.2693902
119.0019207
315.2130318
98.42012917
124.0392245
161.1024026
53.75827771
127.715626
176.2253785

161.0081067
126.9744421
788.333899
102.9415821
94.03430746
102.9621148
358.8634145
100.759894
127.398108

143.2079002 109.2671837
126.5922562
163.9884614
130.0325391
364.9401756

133.7542987
200.7779583
139.9201743
-406.601589

129.2804456 112.2201726
174.9607299 190.1076434
69.21197469 79.91358469

Mar '15
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Selling and Admin Expenses
Miscellaneous Expenses
Preoperative Exp Capitalised
Total Expenses

Operating Profit
PBDIT
Interest
PBDT
Depreciation
Other Written Of
Profit Before Tax
Extra-ordinary items
PBT (Post Extra-ord Items)
Tax
Reported Net Profit
Total Value Addition
Preference Dividend
Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)

Income Statement
Mar '14
Mar '13

253,254.86
15,167.96
238,086.90
2,199.96
-4,513.32
235,773.54

271,037.35
10,976.82
260,060.53
1,468.66
2,030.30
263,559.49

250,649.26
10,533.51
240,115.75
1,680.23
1,471.79
243,267.77

211,746.06
1,736.12
2,085.60
0
0
9,691.13
0
225,258.91

240,325.98
1,196.89
2,896.35
0
0
9,585.39
0
254,004.61

223,534.30
904.92
2,768.87
0
0
8,272.65
0
235,480.74

8,314.67
10,514.63
583.1
9,931.53
2,516.02
0
7,415.51
0
7,415.51
2,331.00
5,084.51
13,512.85
0
1,626.94
294.27

8,086.22
9,554.88
1,359.08
8,195.80
2,246.82
0
5,948.98
0
5,948.98
1,888.10
4,060.88
13,678.63
0
1,229.24
196.58

6,106.80
7,787.03
1,825.24
5,961.79
1,926.10
0
4,035.69
0
4,035.69
1,392.79
2,642.90
11,946.44
0
795.39
127.47

7,230.84
70.32
225
310.72

7,230.84
56.16
170
269.11

7,230.84
36.55
110
230.04

Source : Dion Global Solutions Limited

Statement
Mar '12

Mar '11

Mar'11

Mar'12

Trend Analysis
Mar'13
Mar'14

211,972.97
0
211,972.97
1,701.78
601.6
214,276.35

151,639.45
0
151,639.45
1,621.36
2,056.05
155,316.86

100 139.7874827 165.2929103 178.7380197

197,936.81
716.08
2,261.07
0
0
7,793.76
0
208,707.72

140.352815 158.503455 170.4100809

150.4717477 190.1531867
251.5056
81.81522129 100.1896057 104.8023795

139.7874827
104.9600336
29.25998881
137.960779

141,028.03
475.89
2,763.63
0
0
5,881.99
0
150,149.54

100
100
100
100
100
100
100
100
100
100
100
100
100

158.3464923 171.499257
103.6309025 90.58198056
71.58337589 98.74759855
156.6267629 169.6914875

3,866.85
5,568.63
1,799.59
3,769.04
1,884.87
0
1,884.17
0
1,884.17
572.9
1,311.27
10,770.91
0
397.7
57.16

3,545.96
5,167.32
1,117.03
4,050.29
1,655.40
0
2,394.89
0
2,394.89
848.21
1,546.68
9,121.51
0
506.16
71.08

100
100
100
100
100
100
100
100
100
100
100
100
100
100
100

109.0494535
107.7663083
161.1048942
93.05605278
113.8619065

3,615.42
36.27
110
412.51

3,615.42
42.78
140
388.82

100
100
200
200
100 84.7826087 85.43712015 131.2762973
100 78.57142857 78.57142857 121.4285714
100 106.0927936 59.16362327 69.21197469

132.5020954 140.6437277 162.9616847

138.9999064 156.8308101 169.1677577

172.2185247
150.6976537
163.401162
147.1941515
116.3525432

228.0403614
184.9097792
121.6690689
202.3509428
135.7267126

78.67459466 168.5125413 248.4030582

78.67459466
67.542236
84.77965707
118.0825324

168.5125413
164.2034402
170.8756821
130.9699819

248.4030582
222.5981773
262.5546331
149.9601491

78.57199305 157.1420104 242.8560139

80.41643219 179.3331458 276.5616207

Mar'15
167.0111966
157.0085489
135.6860907
-219.514117
151.8016396
150.1446627
364.8153985
75.46596324

164.7593757
150.0230437

234.4829045
203.483237
52.20092567
245.205405
151.9886432
309.6388561
309.6388561
274.8140201
328.7370367
148.1426869
321.428007
413.9983118
200
164.3758766
160.7142857
79.91358469

Horizontal Analysis
Parameter

Gross Sales
Less :Inter divisional transfers

Less: Sales Returns

Less: Excise

Net Sales

MAR'15( Cr.)

253,254.86
0
0
15,167.96
238,086.91

EXPENDITURE:

Increase/Decrease in Stock
Raw Materials Consumed

Power & Fuel Cost

Employee Cost

Other Manufacturing Expenses

General and Administration Expenses

Selling and Distribution Expenses

Miscellaneous Expenses

Expenses Capitalised
Total Expenditure

PBIDT (Excl OI)

Other Income

Operating Profit
Interest

PBDT
Depreciation

Profit Before Taxation & Exceptional

Exceptional Income / Expenses

Profit Before Tax

Provision for Tax

PAT
Extraordinary Items

Adj to Profit After Tax

Profit Balance B/F

Appropriations
Equity Dividend (%)

Earnings Per Share (in )

Book Value (in )

5,244.64
211,476.09
1,736.12
2,085.60
6,154.07
1,703.94
0
1,371.76
0
229,772.23
8,314.67
2,199.96
10,514.63
583.1
9,931.53
2,516.02
7,415.51
0
7,415.51
2,331.00
5,084.51
0
0
500
5,584.51
225
70.32
309.74

Horizontal Analysis

VERTICAL ANALYSIS

MAR'14( Cr.)

271,051.81
0
0
10,976.82
260,074.98

-1,860.83
240,095.30
1,196.89
2,896.35
5,706.93
1,689.13
0
2,250.54
0
251,974.31
8,100.67
1,454.20
9,554.88
1,359.08
8,195.80
2,246.82
5,948.98
0
5,948.98
1,888.10
4,060.88
0
0
500
4,560.88
170
56.16
267.72

Change %

Mar' 15

Mar'14

-6.57% 106.3707618 104.2206405

0.00%
0
0
0.00%
0
0
38.18% 6.370766037 4.220636679
-8.45%
100
100
0
0
0
0
381.84% 2.20282585 -0.71549751
-11.92% 88.82306465 92.31772314
45.05% 0.729195906 0.46020959
-27.99% 0.87598264 1.113659607
7.84% 2.584799811 2.194340263
0.88% 0.715679833 0.649478085
0.00%
0
0
-39.05% 0.576159353 0.865342756
0.00%
0
0
-8.81% 96.50771225 96.88525594
2.64% 3.492283553 3.114744063
51.28% 0.92401552 0.559146443
10.04% 4.416299073 3.673894352
-57.10% 0.244910566 0.522572375
21.18% 4.171388507 3.151321976
11.98% 1.056765364 0.863912399
24.65% 3.114623143 2.287409577
0.00%
0
0
24.65% 3.114623143 2.287409577
23.46% 0.979054245 0.725982945
25.21% 2.135568898 1.561426632
0.00%
0
0
0.00%
0
0
0.00% 0.210007346 0.19225225
22.44% 2.345576244 1.753678881
32.35% 0.094503306 0.065365765
25.21% 0.029535433 0.021593773
15.70% 0.13009535 0.102939545