FYE March,

Revenue
Operating Income
Net Income
EPS
Current Assets
Non Current Assets
Total Assets
Current Liabilities
Total Liabilities
Stockholders' Equity
Cash From Operations
Capital Expenditures
Free Cash Flow

2009

2010

2011

2012

2013

2014

9,439
2,199
1,478
16.2

10,680
2,138
1,545
16.8

11,347
2,633
1,997
21.6

6,915
9,827
16,742
6,079
8,346

4,782
13,268
18,050
5,174
8,185
9,865

4,131
17,803
21,934
6,774
9,848
12,086

4,013
(5,300)
(1,287)

6,396
(7,549)
(1,152)

8,717
(8,962)
(245)

2015

nancials
Annual

2014-03

2013-03

2012-03

92

92

91

Income Statement
Revenue
Operating Income
Net Income
Earnings Per Share
Diluted Average Shares
Balance Sheet

Cash Flow

Quarterly

2015-06

2014-06

4,725

2,415

878

506

633

358

5.69

3.88

Growth Profitability and Financial Ratios for Eros International Media Ltd
Financials
2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 TTM
Revenue INR Mil
4,788
6,409
7,070
9,439
10,680
11,347
12,867
Gross Margin %
99.7
28.3
32.3
27.8
Operating Income INR Mil
2,199
2,138
2,633
2,984
Operating Margin %
23.3
20
23.2
23.2
Net Income INR Mil
479
821
1,172
1,478
1,545
1,997
2,367
Earnings Per Share INR
6.71
11.27
14.35
16.16
16.81
21.63
25.42
Dividends INR
1.5
Payout Ratio %
7.3
Shares Mil
71
73
82
91
92
92
Book Value Per Share INR
73.35
73.09
195.54
117.88
141.54
Operating Cash Flow INR Mil
1,409
3,297
2,530
4,013
6,396
8,717
8,717
Cap Spending INR Mil
-2,007
-12
-498
-5,300
-7,549
-8,962
-8,962
Free Cash Flow INR Mil
-598
3,285
2,032
-1,287
-1,152
-245
-245
Free Cash Flow Per Share INR
24.87
24.87
-14.07
-12.53
Working Capital INR Mil
880
2,290
4,069
836
-392
-2,643
Key Ratios -> Profitability
Margins % of Sales
Revenue
COGS
Gross Margin
SG&A
R&D
Other
Operating Margin
Net Int Inc & Other
EBT Margin

2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 TTM

100
100
100
100
100
100
100
0.31
71.71
67.66
72.2
99.69
28.29
32.34
27.8
12.16
4.34
4.18
4.92
72.68

78.71

74.27

15.26
15.26

17.51
17.51

21.48
21.48

73.53
23.29
-0.81
22.49

8.31
20.02
0.3
20.32

9.25
23.2
0.33
23.53

4.24
23.19
0.29
23.48

Profitability
Tax Rate %
Net Margin %
Asset Turnover (Average)
Return on Assets %
Financial Leverage (Average)
Return on Equity %
Return on Invested Capital %
Interest Coverage

2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 TTM

34.44
26.39
22.17
29.75
28.2
29.24
23.83
10.01
12.81
16.58
15.66
14.47
17.6
18.4
0.61
0.72
0.6
0.62
0.61
0.57
6.15
9.2
9.89
9.73
8.88
9.99
7.04
4.23
2.04
2.01
1.83
1.81
1.92
43.3
47.17
25.82
19.65
16.97
18.19
20.68
25.8
16.6
17.32
12.02
13.48
230.39
13.45
17.18
16.79

Key Ratios -> Growth

2009-03
Revenue %
Year over Year
3-Year Average
5-Year Average
10-Year Average
Operating Income %
Year over Year
3-Year Average
5-Year Average
10-Year Average
Net Income %
Year over Year
3-Year Average
5-Year Average
10-Year Average
EPS %
Year over Year
3-Year Average
5-Year Average
10-Year Average

2010-03
33.86

2011-03
10.31

2012-03
33.51
25.39

2013-03

2014-03

Latest Qtr

13.14
18.56

6.25
17.08
18.84

50.18

-2.75

23.14

76.4

71.42

42.76

26.11
45.59

4.53
23.46

29.22
19.43
33.05

67.96

27.33

12.61
34.04

4.02
14.26

28.67
14.66
26.38

28.58

Key Ratios -> Cash Flow

Cash Flow Ratios
Operating Cash Flow Growth % YOY
Free Cash Flow Growth % YOY
Cap Ex as a % of Sales
Free Cash Flow/Sales %
Free Cash Flow/Net Income
Key Ratios -> Financial Health
Balance Sheet Items (in %)
Cash & Short-Term Investments
Accounts Receivable
Inventory
Other Current Assets
Total Current Assets
Net PP&E
Intangibles
Other Long-Term Assets
Total Assets
Accounts Payable
Short-Term Debt
Taxes Payable
Accrued Liabilities
Other Short-Term Liabilities
Total Current Liabilities
Long-Term Debt
Other Long-Term Liabilities
Total Liabilities
Total Stockholders' Equity
Total Liabilities & Equity

2009-03

2010-03 2011-03 2012-03 2013-03 2014-03 TTM

133.97
-23.27
58.61
59.41
36.29
-38.15
41.92
0.19
7.04
56.15
70.68
78.98
69.65
-12.49
51.26
28.74
-13.64
-10.79
-2.16
-1.9
-1.25
4
1.73
-0.87
-0.75
-0.12
-0.1

2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 Latest Qtr

4.17
10.67
11.04
20.54
9.57
7.04
6.36
10.03
12.96
10.64
14.63
11.91
9.36
11.16
7.93
4.07
0.4
0.42
0.53
0.18
0.21
55.97
44.42
38.67
5.71
4.48
2.25
1.55
78.09
72.11
60.75
41.3
26.49
18.83
19.29
19.14
27.08
27.81
3.37
2.75
2.05
1.71
28.31
41.14
45.4
39.82
2.77
0.81
11.44
27.02
29.61
33.71
39.19
100
100
100
100
100
100
100
7.89
10.53
8.13
14.07
13.03
11.89

470.42
470.42
110.34
-110.34

208.77
208.77
91.7
-91.7

63.01
63.01
29.63
-29.63

72.84
72.84
13.48
-13.48

100
100

100
100

100
100

100
100

6.71
28.67
7.21
9.47
45.35
54.65
100

7.32
30.88
4.44
9.58
44.9
55.1
100

13.57
33.6
5.27
8.98
47.84
52.16
100

Liquidity/Financial Health
Current Ratio
Quick Ratio
Financial Leverage
Debt/Equity

2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 Latest Qtr

1.17
1.46
1.96
1.14
0.92
0.61
0.57
1.05
1.38
1.95
1.02
0.8
0.6
0.56
7.04
4.23
2.04
2.01
1.83
1.81
1.92
1.1
0.92
0.3
0.13
0.13
0.08
0.1

Key Ratios -> Efficiency Ratios

Efficiency
Days Sales Outstanding
Days Inventory
Payables Period
Cash Conversion Cycle
Receivables Turnover
Inventory Turnover
Fixed Assets Turnover
Asset Turnover

2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 TTM

59.58
59.35
71.12
75.44
78.6
67.59
779.02
3.96
3.23
14417.5
61.41
88.75
-13563.04
21.15
-17.93
6.13
6.15
5.13
4.84
4.64
5.4
0.47
92.21
112.98
3.21
3.04
2.17
4.33
20.15
23.98
0.61
0.72
0.6
0.62
0.61
0.57