Mar '12 Mar '13

NPM Adjusted Net Profit Margin(%) 11.15 12.41

ROCE Return On Capital Employed(%) 25.49 20.36
ROE Return On Net Worth(%) 29.94 21.54
Asset Turnover Ratio 1.94 1.58
FL Financial Leverage 1.38 1.10
Number of Days In Working Capital 70.15 76.03

Profit & Loss Account Ratios

Material Cost Composition 60.84 58.58

Imported Composition of Raw Materials Consumed 8.99 8.48

Expenses as Composition of Total Sales 7.57 4.93

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 12.78 7.51

Dividend Payout Ratio Cash Profit 11.69 6.97
Earning Retention Ratio 87.22 91.58
Cash Earning Retention Ratio 88.31 92.25
Adjusted Cash Flow Times 1.5 1.58
Earnings Per Share 5.47 6.65
Book Value 18.28 30.89

Net Income 2012

Cash flow Operating Act... 4,003
Investments in PPE 4,070
Cash flow Investing Act... -1,021
Cash flow Financing Act... -3,314
Cash at beginning of period -1,187
Cash at end of period 1,343
Free Cash Flow 875
3,048
Marico Previous Years
------------------- in Rs. Cr.
Standalone Yearly Results
-------------------

Mar '16 Mar '15

Net Sales/Income from operations 4,858.81 4,669.58

Other Operating Income 9.18 11.62

Total Income From Operations 4,867.99 4,681.20

EXPENDITURE

Consumption of Raw Materials 2,492.43 2,675.89

Purchase of Traded Goods 79.95 134.71

Increase/Decrease in Stocks 37.22 -94.87

Power & Fuel -- --

Employees Cost 228.2 197.17
Depreciation 68.82 54.75
Excise Duty -- --
Admin. And Selling Expenses 511.49 480.52
R & D Expenses -- --
Provisions And Contingencies -- --
Exp. Capitalised -- --
Other Expenses 689.53 625.82

P/L Before Other Inc. , Int., Excpt. Items & Tax 760.35 607.22

Other Income 190.56 140.8

P/L Before Int., Excpt. Items & Tax 950.91 748.01
Interest 15.17 16.97
P/L Before Exceptional Items & Tax 935.74 731.04
Exceptional Items -- --
P/L Before Tax 935.74 731.04
Tax 244.48 185.87
P/L After Tax from Ordinary Activities 691.26 545.17
Prior Year Adjustments -- --
Extra Ordinary Items -- --
Net Profit/(Loss) For the Period 691.26 545.17
Equity Share Capital 129.02 64.5
Reserves Excluding Revaluation Reserves 2,468.66 2,278.39

Equity Dividend Rate (%) -- 250

EPS Before Extra Ordinary
Basic EPS 5.37 8.45
Diluted EPS 5.37 8.45
EPS After Extra Ordinary
Basic EPS 5.37 8.45
Diluted EPS 5.37 8.45
Public Share Holding
No Of Shares (Crores) -- 26.01
Share Holding (%) -- 40.32
Promoters and Promoter Group Shareholding
a) Pledged/Encumbered
- Number of shares (Crores) -- --
- Per. of shares (as a % of the total sh. of prom. and
-- --
promoter group)
- Per. of shares (as a % of the total Share Cap. of the
-- --
company)
b) Non-encumbered
- Number of shares (Crores) -- 38.49
- Per. of shares (as a % of the total sh. of prom. and
-- 100
promoter group)
- Per. of shares (as a % of the total Share Cap. of the
-- 59.68
company)
Notes |201603 |201503

Marico
Key Financial Ratios

Mar '16 Mar '15

Investment Valuation Ratios

Face Value 1 1
Dividend Per Share 4.25 2.5
Operating Profit Per Share (Rs) 6.53 10.26
Net Operating Profit Per Share (Rs) 38.35 72.58
Free Reserves Per Share (Rs) -- --
Bonus in Equity Capital 93.01 86.04
Profitability Ratios
Operating Profit Margin(%) 17.02 14.14
Profit Before Interest And Tax Margin(%) 14.94 12.59
Gross Profit Margin(%) 15.52 12.97
Cash Profit Margin(%) 15.1 12.44
Adjusted Cash Margin(%) 15.1 12.44
Net Profit Margin(%) 14.18 11.64
Adjusted Net Profit Margin(%) 13.65 11.3
Return On Capital Employed(%) 36.54 29.67
Return On Net Worth(%) 27.01 23.26
Adjusted Return on Net Worth(%) 27.01 23.26

Return on Assets Excluding Revaluations 20.13 36.32

Return on Assets Including Revaluations 20.13 36.32

Return on Long Term Funds(%) 36.91 29.78
Liquidity And Solvency Ratios
Current Ratio 1.64 1.94
Quick Ratio 0.86 0.87
Debt Equity Ratio 0.01 0.08
Long Term Debt Equity Ratio -- 0.07
Debt Coverage Ratios
Interest Cover 64.88 44.08
Total Debt to Owners Fund 0.01 0.08
Financial Charges Coverage Ratio 69.9 47.3

Financial Charges Coverage Ratio Post Tax 53.51 36.35

Management Efficiency Ratios

Inventory Turnover Ratio 6.45 5.92
Debtors Turnover Ratio 30.67 33.56
Investments Turnover Ratio 6.45 5.92
Fixed Assets Turnover Ratio 6.85 6.83
Total Assets Turnover Ratio 1.9 1.87
Asset Turnover Ratio 1.92 1.91

Average Raw Material Holding -- --

Average Finished Goods Held -- --
Number of Days In Working Capital 41.76 43.65
Profit & Loss Account Ratios
Material Cost Composition 52.03 60.32

Imported Composition of Raw Materials Consumed 12.22 11.4

Selling Distribution Cost Composition -- --

Expenses as Composition of Total Sales 5.92 6.61

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 62.03 29.57
Dividend Payout Ratio Cash Profit 56.1 26.87
Earning Retention Ratio 37.97 70.43
Cash Earning Retention Ratio 43.9 73.13
AdjustedCash Flow Times 0.03 0.3
Mar '14 Mar '15 Mar '16
14.73 11.3 13.65
31.39 29.67 36.54
29.25 23.26 27.01
1.46 1.91 1.92
1.36 1.08 1.03 Financial Leverage
34.6 43.65 41.76

54.04 60.32 52.03

10.39 11.4 12.22

10.17 6.61 5.92

44.68 29.57 62.03

41.37 26.87 56.1
55.32 70.43 37.97
58.63 73.13 43.9
0.65 0.3 0.03
8.95 8.45 5.44
30.6 36.32 20.13

2013 2014 2015 2016

5,519 6,946 8,217 10,338
4,319 6,605 6,648 8,326
-9,915 -774 -591 -1,007
-8,323 -2,042 -1,712 -2,357
4,423 -3,393 -6,255 -5,799
607 1,050 2,242 774
1,050 2,242 774 888
-5,597 5,831 6,058 7,318
 Mar '14 Mar '13 Mar '12

3,674.78 3,398.83 2,963.16

7.71 8.27 7.14

3,682.49 3,407.10 2,970.30

1,842.16 1,760.09 1,671.92

138.42 202.61 106.33

24.15 -132.72 -40.02

-- -- --
171.34 155.7 126.21
46.2 33.13 31.49
-- -- --
409.71 382.18 300.88
-- -- --
-- -- --
-- -- --
537.19 517.14 397.52

513.32 488.96 375.97

234.38 50.2 51.65

747.69 539.16 427.61
30.43 43.68 28.34
717.26 495.48 399.27
-- 46.5 --
717.26 541.98 399.27
140.06 112.89 62.69
577.2 429.09 336.58
-- -- --
-- -- --
577.2 429.09 336.58
64.49 64.48 61.49
1,908.85 1,926.95 1,062.63

400 100 70

8.95 6.69 5.48

8.95 6.69 5.47

8.95 6.69 5.48

8.95 6.69 5.47

25.99 25.97 22.92

40.31 40.27 37.27

-- -- --

-- -- --

-- -- --

38.49 38.51 38.57

100 100 100

59.69 59.73 62.73

|201403 |201303 |201203

Mar '14 Mar '13 Mar '12

1 1 1
4 1 0.7
8.66 8.1 6.63
57.1 52.84 48.22
-- -- --
86.05 86.07 90.25

15.16 15.32 13.74

13.07 14.14 12.46
13.91 14.35 12.67
15.91 12.02 12.2
15.91 12.02 12.2
15.67 12.59 11.35
14.73 12.41 11.15
31.39 20.36 25.49
29.25 21.54 29.94
29.25 19.21 29.94

30.6 30.89 18.28

30.6 30.89 18.28

33.6 22.76 29.51

1.32 1.69 1.72

0.81 1.27 1.47
0.21 0.33 0.49
0.13 0.19 0.29

24.57 12.34 15.09

0.21 0.33 0.49
26.09 13.1 16.2

21.49 11.58 13.99

5.56 4.81 5.6

27.05 30.3 26.96
5.56 4.81 5.6
5.45 6.99 7
1.55 1.29 1.77
1.46 1.58 1.94

-- -- --
-- -- --
34.6 76.03 70.15

54.04 58.58 60.84

10.39 8.48 8.99

-- -- --

10.17 4.93 7.57

44.68 7.51 12.78

41.37 6.97 11.69
55.32 91.58 87.22
58.63 92.25 88.31
0.65 1.58 1.5
 Mar '16 Mar '15 Mar '14 Mar '13

Total Income From

4,867.99 4,681.20 3,682.49 3,407.10
Operations

P/L Before Tax 935.74 731.04 717.26 541.98

P/L After Tax from
691.26 545.17 577.2 429.09
Ordinary Activities

Equity Share Capital 129.02 64.5 64.49 64.48

No Of Shares (Crores) -- 26.01 25.99 25.97

Share Holding (%) -- 40.32 40.31 40.27

 Mar '12

2,970.30

399.27

336.58

61.49

22.92

37.27
 Mar '12 Mar '13

Investment Valuation Ratios

Face Value 1 1
Dividend Per Share 0.7 1

Operating Profit Per Share (Rs) 6.63 8.1

Net Operating Profit Per Share (Rs) 48.22 52.84

Free Reserves Per Share (Rs) -- --

Bonus in Equity Capital 90.25 86.07

Profitability Ratios

Operating Profit Margin(%) 13.74 15.32

Profit Before Interest And Tax Margin(%) 12.46 14.14

Gross Profit Margin(%) 12.67 14.35

Cash Profit Margin(%) 12.2 12.02

Adjusted Cash Margin(%) 12.2 12.02

Net Profit Margin(%) 11.35 12.59

Adjusted Net Profit Margin(%) 11.15 12.41

Return On Capital Employed(%) 25.49 20.36

Return On Net Worth(%) 29.94 21.54

Adjusted Return on Net Worth(%) 29.94 19.21

Return on Assets Excluding Revaluations 18.28 30.89

Return on Assets Including Revaluations 18.28 30.89

Return on Long Term Funds(%) 29.51 22.76

Liquidity And Solvency Ratios

Current Ratio 1.72 1.69
Quick Ratio 1.47 1.27
Debt Equity Ratio 0.49 0.33

Long Term Debt Equity Ratio 0.29 0.19

Debt Coverage Ratios

Interest Cover 15.09 12.34

Total Debt to Owners Fund 0.49 0.33

Financial Charges Coverage Ratio 16.2 13.1

Financial Charges Coverage Ratio Post Tax 13.99 11.58

Management Efficiency Ratios

Inventory Turnover Ratio 5.6 4.81
Debtors Turnover Ratio 26.96 30.3

Investments Turnover Ratio 5.6 4.81

Fixed Assets Turnover Ratio 7 6.99

Total Assets Turnover Ratio 1.77 1.29

Asset Turnover Ratio 1.94 1.58

Average Raw Material Holding -- --

Average Finished Goods Held -- --

Number of Days In Working Capital 70.15 76.03

Profit & Loss Account Ratios

Material Cost Composition 60.84 58.58

Imported Composition of Raw Materials Consumed 8.99 8.48

Selling Distribution Cost Composition -- --

Expenses as Composition of Total Sales 7.57 4.93

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 12.78 7.51

Dividend Payout Ratio Cash Profit 11.69 6.97

Earning Retention Ratio 87.22 91.58

Cash Earning Retention Ratio 88.31 92.25

AdjustedCash Flow Times 1.5 1.58

Mar '14 Mar '15 Mar '16

1 1 1
4 2.5 4.25

8.66 10.26 6.53

57.1 72.58 38.35

-- -- --

86.05 86.04 93.01

15.16 14.14 17.02

13.07 12.59 14.94

13.91 12.97 15.52

15.91 12.44 15.1

15.91 12.44 15.1

15.67 11.64 14.18

14.73 11.3 13.65

31.39 29.67 36.54

29.25 23.26 27.01

29.25 23.26 27.01

30.6 36.32 20.13

30.6 36.32 20.13

33.6 29.78 36.91

1.32 1.94 1.64

0.81 0.87 0.86
0.21 0.08 0.01

0.13 0.07 --

24.57 44.08 64.88

0.21 0.08 0.01

26.09 47.3 69.9

21.49 36.35 53.51

 5.56 5.92 6.45
27.05 33.56 30.67

5.56 5.92 6.45

5.45 6.83 6.85

1.55 1.87 1.9

1.46 1.91 1.92

-- -- --

-- -- --

34.6 43.65 41.76

54.04 60.32 52.03

10.39 11.4 12.22

-- -- --

10.17 6.61 5.92

44.68 29.57 62.03

41.37 26.87 56.1

55.32 70.43 37.97

58.63 73.13 43.9

0.65 0.3 0.03