QUESTION: Analyzing the Financial Health in Detail: Balance Sheet and Income Statement

Financial Ratios

Particulars	Mar 2016	Mar 2015	Dec 2013	Dec 2012	Dec 2011
Operational & Financial Ratios
Earnings Per Share (Rs)	396.78	426.02	281.75	305.19	357.55
CEPS(Rs)	522.58	600.67	404.11	422.07	439.65
DPS(Rs)	85.00	85.00	55.00	60.00	135.00
Book NAV/Share(Rs)	2639.75	2339.81	2004.55	1774.94	1505.86
Tax Rate(%)	32.98	31.61	29.60	28.81	28.67
Margin Ratios
Core EBITDA Margin(%)	16.43	15.35	13.63	14.40	17.24
EBIT Margin(%)	16.32	15.27	13.30	14.42	17.95
Pre Tax Margin(%)	16.28	15.16	13.30	14.36	17.95
PAT Margin (%)	10.91	10.37	9.36	10.22	12.80
Cash Profit Margin (%)	14.37	14.62	13.43	14.14	15.74
Performance Ratios
ROA(%)	9.97	11.95	8.94	11.82	16.05
ROE(%)	15.94	19.61	14.91	18.60	25.44
ROCE(%)	23.58	28.28	20.47	24.94	33.46
Asset Turnover(x)	0.91	1.15	0.96	1.16	1.25
Sales/Fixed Asset(x)	2.27	2.84	2.29	2.57	2.75
Working Capital/Sales(x)	3.71	3.82	2.51	2.54	2.70
Efficiency Ratios
Fixed Capital/Sales(x)	0.44	0.35	0.44	0.39	0.36
Receivable days	40.02	31.74	40.22	37.44	33.65
Inventory Days	39.56	34.99	44.28	44.36	41.46
Payable days	55.93	42.39	49.94	51.92	57.59
Valuation Parameters
PER(x)	52.39	59.58	35.80	31.05	18.96
PCE(x)	39.78	42.26	24.96	22.45	15.42
Price/Book(x)	7.87	10.85	5.03	5.34	4.50
Yield(%)	0.41	0.33	0.55	0.63	1.99
EV/Net Sales(x)	5.98	6.45	3.47	3.29	2.53
EV/Core EBITDA(x)	28.12	30.60	18.53	16.58	11.26
EV/EBIT(x)	34.08	39.55	24.19	21.08	13.11
EV/CE(x)	4.85	6.54	2.91	3.06	2.99
M Cap / Sales	6.15	6.60	3.62	3.44	2.61
Growth Ratio
Net Sales Growth(%)	-12.19	38.01	1.13	6.04	22.21
Core EBITDA Growth(%)	-11.32	55.16	-4.50	-6.19	25.43
EBIT Growth(%)	-5.43	56.73	-7.00	-14.15	30.47
PAT Growth(%)	-6.86	51.20	-7.68	-14.64	30.71
EPS Growth(%)	-6.86	51.20	-7.68	-14.64	30.71
Financial Stability Ratios
Total Debt/Equity(x)	0.01	0.02	0.03	0.04	0.06
Current Ratio(x)	1.64	1.76	1.93	2.04	2.65
Quick Ratio(x)	1.39	1.47	1.64	1.73	2.05
Interest Cover(x)	443.64	137.78	2514.20	245.76	3936.00
Total Debt/Mcap(x)	0.00	0.00	0.01	0.01	0.01