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Compendium of nifty december beta (1.0.0.2) release.

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Compendium of nifty 50 is a monthly publication by “TANAY ROY EXCLUSIVE”. The book presents summarized fundamental data of all nifty composites companies.

Compendium of nifty 50 is a monthly publication by “TANAY ROY EXCLUSIVE”. The book presents summarized fundamental data of all nifty composites companies.

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  • 1. gtÇtç eÉç XåvÄâá|äx COMPENDIUM OF NIFTY COMPANIES Exclusive Financial Analysis of Indian Companies Prepared and Edited By‐ Tanay Roy, CFA Peu Karak, MBA Download this report from http://www.tanayroyexclusive.blogspot.com/ Disclaimer The information, opinions, estimates and forecasts contained in this document have been arrived at or obtained from public sources believed  to be reliable and in good faith which has not been independently verified and no warranty, express or implied, is made as to their accuracy,  completeness or correctness.  For more information about this sample and our other services, please write to tanay.roy2008@gmail.com December‐ 2011
  • 2. Company Name Market Cap Rank Reliance Industries Ltd 254930.37 1 Oil & Natural Gas Corpn Ltd 227404.92 2 Tata Consultancy Services Ltd 217858.27 3 Coal India Ltd. 206166.12 4 ITC Ltd 155304.55 5 Infosys Technologies Ltd 149713.00 6 Bharti Airtel Ltd 146318.83 7 NTPC Ltd 133617.74 8 State Bank of India 111940.98 9 HDFC Bank Ltd 102687.89 10 HDFC Ltd 94027.46 11 Wipro Ltd 92813.48 12 Hindustan Unilever Ltd 85536.69 13 ICICI Bank Ltd 82257.23 14 Larsen & Toubro Ltd 77251.14 15 Cairn India Ltd 57276.23 16 Sun Pharmaceuticals Industries Ltd 54202.36 17 GAIL (India) Ltd 49762.35 18 Bajaj Auto Ltd 48406.76 19 Jindal Steel & Power Ltd 46961.03 20 Power Grid Corporation of India Ltd 45811.13 21 Mahindra & Mahindra Ltd 42507.87 22 Hero MotoCorp Ltd. 40002.50 23 Axis Bank Ltd 38899.61 24 Tata Steel Ltd 36920.15 25 DLF Ltd 35156.72 26 Kotak Mahindra Bank Ltd. 34224.39 27 Sterlite Industries (India) Ltd 33376.80 28 Steel Authority of India Ltd 33291.03 29 Maruti Suzuki India Ltd 27985.27 30Rank-Market Cap Punjab National Bank Dr Reddys Laboratories Ltd 27971.15 26652.27 31 32 HCL Technologies Ltd 26614.39 33 Cipla Ltd 26331.79 34 Reliance Power Ltd 23955.78 35 Hindalco Industries Ltd 23480.09 36 Siemens Ltd 23215.15 37 Ambuja Cements Ltd 22703.11 38 ACC Ltd 21497.74 39 Grasim Industries Ltd 21437.85 40 Bharat Petroleum Corporation Ltd 19366.00 41 Ranbaxy Laboratories Ltd 18306.86 42 Sesa Goa Ltd 15882.82 43 IDFC Ltd 15873.20 44 Reliance Communications Ltd 15294.44 45 Bharat Heavy Electricals Ltd 13814.25 46 Jaiprakash Associates Ltd 13205.15 47 Tata Motors Ltd 10943.92 48 Reliance Infrastructure Ltd 10809.12 49 Tata Power Company Ltd 2174.92 50 Page: 2
  • 3. Company Name Sales Rank Reliance Industries Ltd 292050.00 1 Bharat Petroleum Corporation Ltd 170399.37 2 State Bank of India 93298.67 3 Oil & Natural Gas Corpn Ltd 76239.36 4 NTPC Ltd 60166.36 5 Tata Motors Ltd 50971.82 6 Larsen & Toubro Ltd 47525.14 7 Steel Authority of India Ltd 45398.92 8 Bharat Heavy Electricals Ltd 45220.79 9 Bharti Airtel Ltd 39736.70 10 Maruti Suzuki India Ltd 35947.55 11 GAIL (India) Ltd 35907.95 12 Tata Consultancy Services Ltd 33539.81 13 Punjab National Bank 31826.66 14 Tata Steel Ltd 31810.30 15 ICICI Bank Ltd 29628.55 16 Wipro Ltd 28917.90 17 Infosys Technologies Ltd 27577.00 18 Mahindra & Mahindra Ltd 26993.42 19 Hindalco Industries Ltd 25123.76 20 ITC Ltd 23419.13 21 HDFC Bank Ltd 23394.18 22 Hero MotoCorp Ltd. 22065.24 23 Hindustan Unilever Ltd 21285.16 24 Bajaj Auto Ltd 18421.60 25 Axis Bank Ltd 18362.34 26 Sterlite Industries (India) Ltd 18188.50 27 HDFC Ltd 15071.16 28 Jaiprakash Associates Ltd 13241.14 29 Reliance Infrastructure Ltd 12558.70 30Rank-TTM Sales Siemens Ltd Reliance Communications Ltd 12106.42 11548.67 31 32 Jindal Steel & Power Ltd 11012.76 33 ACC Ltd 9193.96 34 Power Grid Corporation of India Ltd 8729.79 35 Ambuja Cements Ltd 8072.57 36 Tata Power Company Ltd 7283.80 37 HCL Technologies Ltd 7275.37 38 Sesa Goa Ltd 6868.87 39 Cipla Ltd 6592.31 40 Dr Reddys Laboratories Ltd 6080.36 41 IDFC Ltd 5408.89 42 Kotak Mahindra Bank Ltd. 5162.46 43 Grasim Industries Ltd 5011.42 44 Ranbaxy Laboratories Ltd 4904.26 45 DLF Ltd 3473.92 46 Sun Pharmaceuticals Industries Ltd 3374.49 47 Coal India Ltd. 496.78 48 Reliance Power Ltd 62.45 49 Cairn India Ltd 4.29 50 Page: 3
  • 4. Company Name REO(%) Rank Hindustan Unilever Ltd 86.31 1 Hero MotoCorp Ltd. 73.47 2 Bajaj Auto Ltd 58.56 3 Tata Consultancy Services Ltd 48.27 4 Coal India Ltd. 36.65 5 ITC Ltd 34.70 6 Bharat Heavy Electricals Ltd 31.51 7 Infosys Technologies Ltd 27.95 8 Mahindra & Mahindra Ltd 24.91 9 Jindal Steel & Power Ltd 24.90 10 Siemens Ltd 24.32 11 Sun Pharmaceuticals Industries Ltd 23.59 12 Sesa Goa Ltd 23.43 13 Oil & Natural Gas Corpn Ltd 22.99 14 HCL Technologies Ltd 22.68 15 Wipro Ltd 22.66 16 HDFC Ltd 22.22 17 GAIL (India) Ltd 19.89 18 Grasim Industries Ltd 17.85 19 Larsen & Toubro Ltd 17.45 20 ACC Ltd 17.17 21 Dr Reddys Laboratories Ltd 16.96 22 Ambuja Cements Ltd 16.07 23 Cipla Ltd 15.28 24 Reliance Industries Ltd 14.98 25 Bharti Airtel Ltd 14.57 26 Maruti Suzuki India Ltd 14.53 27 Tata Steel Ltd 14.32 28 NTPC Ltd 14.12 29 IDFC Ltd 13.64 30Rank-ROE Power Grid Corporation of India Ltd Steel Authority of India Ltd 13.00 12.07 31 32 DLF Ltd 9.52 33 Tata Motors Ltd 9.32 34 Reliance Infrastructure Ltd 9.25 35 Tata Power Company Ltd 9.03 36 Jaiprakash Associates Ltd 8.24 37 Hindalco Industries Ltd 7.76 38 Sterlite Industries (India) Ltd 5.17 39 Reliance Power Ltd 1.70 40 Kotak Mahindra Bank Ltd. 1.00 41 HDFC Bank Ltd 0.85 42 Axis Bank Ltd 0.81 43 ICICI Bank Ltd 0.76 44 Punjab National Bank 0.63 45 State Bank of India 0.30 46 Reliance Communications Ltd (0.35) 47 Cairn India Ltd (0.44) 48 Ranbaxy Laboratories Ltd (2.99) 49 Bharat Petroleum Corporation Ltd (33.21) 50 Page: 4
  • 5. Company Name EV Rank Reliance Industries Ltd 295192.19 1 Oil & Natural Gas Corpn Ltd 222522.63 2 Tata Consultancy Services Ltd 217322.21 3 State Bank of India 213884.18 4 Coal India Ltd. 207163.18 5 HDFC Ltd 203040.65 6 ICICI Bank Ltd 173707.78 7 NTPC Ltd 160620.72 8 Bharti Airtel Ltd 158087.93 9 ITC Ltd 153224.44 10 Infosys Technologies Ltd 134548.00 11 HDFC Bank Ltd 116405.98 12 Wipro Ltd 92354.28 13 Hindustan Unilever Ltd 83896.68 14 Power Grid Corporation of India Ltd 83013.84 15 Larsen & Toubro Ltd 82681.90 16 Tata Steel Ltd 61079.75 17 Jindal Steel & Power Ltd 59024.14 18 Cairn India Ltd 58573.95 19 Sun Pharmaceuticals Industries Ltd 54230.74 20 Axis Bank Ltd 51967.69 21 Bharat Petroleum Corporation Ltd 51767.59 22 IDFC Ltd 51219.88 23 DLF Ltd 50062.53 24 GAIL (India) Ltd 49941.00 25 Bajaj Auto Ltd 48575.42 26 Kotak Mahindra Bank Ltd. 46509.72 27 Mahindra & Mahindra Ltd 44298.99 28 Reliance Communications Ltd 42933.97 29 Punjab National Bank 42197.90 30Rank-EV Hero MotoCorp Ltd. Sterlite Industries (India) Ltd 41454.43 39059.74 31 32 Steel Authority of India Ltd 35977.26 33 Jaiprakash Associates Ltd 32275.66 34 Hindalco Industries Ltd 30526.64 35 Dr Reddys Laboratories Ltd 28030.87 36 HCL Technologies Ltd 27476.85 37 Cipla Ltd 26689.05 38 Maruti Suzuki India Ltd 25786.07 39 Tata Motors Ltd 25490.53 40 Reliance Power Ltd 24274.91 41 Ranbaxy Laboratories Ltd 22405.75 42 Grasim Industries Ltd 22236.95 43 Siemens Ltd 21361.95 44 Ambuja Cements Ltd 20479.23 45 ACC Ltd 19633.97 46 Sesa Goa Ltd 16675.81 47 Reliance Infrastructure Ltd 14407.36 48 Tata Power Company Ltd 8320.73 49 Bharat Heavy Electricals Ltd 4347.45 50 Page: 5
  • 6. Name Market CAP Rank TTM Sales Rank ROE Rank EV RankRELIANCE 254930.37 1 292050.00 1 14.98 25 295192.19 1ONGC 227404.92 2 76239.36 4 22.99 14 222522.63 2TCS 217858.27 3 33539.81 13 48.27 4 217322.21 3COALINDIA 206166.12 4 496.78 48 36.65 5 207163.18 5ITC 155304.55 5 23419.13 21 34.70 6 153224.44 10INFOSYSTCH 149713.00 6 27577.00 18 27.95 8 134548.00 11BHARTIARTL 146318.83 7 39736.70 10 14.57 26 158087.93 9NTPC 133617.74 8 60166.36 5 14.12 29 160620.72 8SBIN 111940.98 9 93298.67 3 0.30 46 213884.18 4HDFCBANK 102687.89 10 23394.18 22 0.85 42 116405.98 12HDFC 94027.46 11 15071.16 28 22.22 17 203040.65 6WIPRO 92813.48 12 28917.90 17 22.66 16 92354.28 13HINDUNILVR 85536.69 13 21285.16 24 86.31 1 83896.68 14ICICIBANK 82257.23 14 29628.55 16 0.76 44 173707.78 7LT 77251.14 15 47525.14 7 17.45 20 82681.90 16CAIRN 57276.23 16 4.29 50 (0.44) 48 58573.95 19SUNPHARMA 54202.36 17 3374.49 47 23.59 12 54230.74 20GAIL 49762.35 18 35907.95 12 19.89 18 49941.00 25BAJAJ‐AUTO 48406.76 19 18421.60 25 58.56 3 48575.42 26JINDALSTEL 46961.03 20 11012.76 33 24.90 10 59024.14 18POWERGRID 45811.13 21 8729.79 35 13.00 31 83013.84 15M&M 42507.87 22 26993.42 19 24.91 9 44298.99 28HEROMOTOCO 40002.50 23 22065.24 23 73.47 2 41454.43 31AXISBANK 38899.61 24 18362.34 26 0.81 43 51967.69 21TATASTEEL 36920.15 25 31810.30 15 14.32 28 61079.75 17DLF 35156.72 26 3473.92 46 9.52 33 50062.53 24KOTAKBANK 34224.39 27 5162.46 43 1.00 41 46509.72 27STER 33376.80 28 18188.50 27 5.17 39 39059.74 32SAIL 33291.03 29 45398.92 8 12.07 32 35977.26 33MARUTI 27985.27 30 35947.55 11 14.53 27 25786.07 39PNB 27971.15 31 31826.66 14 0.63 45 42197.90 30DRREDDY 26652.27 32 6080.36 41 16.96 22 28030.87 36HCLTECH 26614.39 33 7275.37 38 22.68 15 27476.85 37 OverviewCIPLA 26331.79 34 6592.31 40 15.28 24 26689.05 38RPOWER 23955.78 35 62.45 49 1.70 40 24274.91 41HINDALCO 23480.09 36 25123.76 20 7.76 38 30526.64 35SIEMENS 23215.15 37 12106.42 31 24.32 11 21361.95 44AMBUJACEM 22703.11 38 8072.57 36 16.07 23 20479.23 45ACC 21497.74 39 9193.96 34 17.17 21 19633.97 46GRASIM 21437.85 40 5011.42 44 17.85 19 22236.95 43BPCL 19366.00 41 170399.37 2 (33.21) 50 51767.59 22RANBAXY 18306.86 42 4904.26 45 (2.99) 49 22405.75 42SESAGOA 15882.82 43 6868.87 39 23.43 13 16675.81 47IDFC 15873.20 44 5408.89 42 13.64 30 51219.88 23RCOM 15294.44 45 11548.67 32 (0.35) 47 42933.97 29BHEL 13814.25 46 45220.79 9 31.51 7 4347.45 50JPASSOCIAT 13205.15 47 13241.14 29 8.24 37 32275.66 34TATAMOTORS 10943.92 48 50971.82 6 9.32 34 25490.53 40RELINFRA 10809.12 49 12558.70 30 9.25 35 14407.36 48TATAPOWER 2174.92 50 7283.80 37 9.03 36 8320.73 49 Page: 6
  • 7. Industry Diversified Group Ambani Group Reliance Industries Ltd 213470 Face Value 10 Capital Employed RANK: 1 No. Of Equity Share 32733.74 Price 778.8 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 254930.37 292050.00 14.98 295192.19 In US $ million 4953.95 5675.28 14.98 5736.34 RANK in 50 Stocks 1 1 25 1 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 248136.06 192091.87 141959.00 133805.78 111699.03 Promoter 1463923695 44.71Other Income 2687.98 2193.13 1713.38 772.17 457.00 FII 567131931 17.32Operating Profit 40520.69 32162.20 25865.77 23204.69 20862.91 Mutual Funds and UTI 91266633 2.79EBITDA 26913.11 21665.67 20670.48 18357.55 16047.76 Banks and Insurance 267849214 8.18EBT 24584.81 19665.72 18896.01 17194.65 14748.86 Other Investors 479152874 14.63Adjusted PAT 19615.67 15340.75 15758.67 13634.80 12163.51 General Public 405078119 12.37Reported PAT 20286.30 16235.67 15309.32 19458.29 11943.40 GRAND TOTAL 3274402466 100Net Worth 146073.32 128366.34 114588.22 80577.34 61315.16 Valuation RatioEnterprise Value 295192.19 380574.38 325568.80 336164.90 338484.55 Annual TTMCapital Employed 213470.00 190861.03 188492.70 117057.02 89140.89 P/E 12.57 11.65Cash & Balances with RBI  221251.97 215864.71 149628.70 104229.10 99532.77 P/B 1.68 NAAdvances   12819.56 12138.82 69043.83 23005.84 7528.13 P/S 1.03 0.87Investment 33019.27 19255.35 20268.18 20516.11 16251.34 EV/EBITDA 7.28 NA Dividend Yield 1.03 NAEPS (Rs.)  61.97 49.64 97.28 133.86 85.71Cash EPS (Rs.)  103.54 81.74 130.29 167.20 120.26 Latest Result (TTM)Dividend Per Share (Rs.) 8.00 7.00 13.00 13.00 11.00 TTM End September  11 Growth(%)Book Value (Rs.)  462.95 419.43 803.12 560.40 459.13 Net Sales 292050.00 7.78Sales Per Share (Rs.)  758.04 587.37 902.02 920.48 801.57 Other Income 3838.00 12.62Free Reserves Per Share (Rs.) 431.95 378.21 704.28 520.59 416.90 Personnel Expenses  42996.00 2.08 EBIDTA 30086.00 4.47 Ratio Analysis EBT 27636.00 4.41Capital Adequacy Ratio  16.33 16.74 18.22 17.34 18.68 Adjusted PAT 21876.00 3.70EBIDTAM(%) 10.85 11.28 14.56 13.72 14.37 Reported PAT 21876.00 3.70APATM(%) 7.91 7.99 11.10 10.19 10.89 OPM(%)  14.72 15.54Fund based income(%) 13.39 13.45 14.76 13.81 15.20 NPM(%)  10.30 10.63Fee based income(%) 9.50 8.51 8.12 16.62 13.40 Capital Adequacy Ratio  7.49 7.79Yield on Fund Advances  13.66 14.97 14.49 9.80 13.75 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.46 0.48 0.64 0.46 0.45 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.58 1.24 1.01 1.29 1.13 Net Sales 159587.00 20.48Borrowings within India(%) 1.22 1.11 1.08 1.01 0.77 Other Income 2180.00 31.48Borrowings from outside(%) 1.01 0.76 0.90 0.93 0.68 Personnel Expenses  21950.00 4.30Deposits within India(%) 9.59 8.29 12.92 10.57 10.65 EBIDTA 15786.00 10.39Deposits Outside India(%) 17.40 16.08 14.58 19.95 16.06 EBT 14581.00 11.69Net Profit Per Branch  56.64 53.46 61.22 56.80 52.40 Adjusted PAT 11364.00 8.11Deposits Per Branch  91.71 95.39 95.74 93.96 94.04 Reported PAT 11364.00 8.11 OPM(%)  13.75 15.89 NPM(%)  9.89 10.80 Rate of Growth Capital Adequacy Ratio  7.12 7.94 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 29.18 35.32 6.09 19.79 17.31 Net Sales 78569.00 (3.02)Other Income 22.56 28.00 121.89 68.96 42.53 Other Income 1102.00 2.23Total Operating Expenses 29.72 37.62 5.78 22.00 18.16 Personnel Expenses  10946.00 (0.53)Personnel Expenses  25.99 24.34 11.47 11.22 14.20 EBIDTA 7977.00 2.15EBIDTA 24.22 4.81 12.60 14.39 10.89 EBT 7317.00 0.73EBT 25.01 4.07 9.89 16.58 10.76 Adjusted PAT 5703.00 0.74Adjusted PAT 27.87 (2.65) 15.58 12.10 10.03 Reported PAT 5703.00 0.74Reported PAT 24.95 6.05 (21.32) 62.92 11.18 OPM(%)  13.93 13.58 NPM(%)  10.15 9.64 Capital Adequacy Ratio  7.26 6.99 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Mukesh D Ambani Chairman and Managing director 2011 1090 713.55 16.31 10.68Mr.Nikhil R Meswani Executive Director 2010 1187 840.55 19.15 13.56Mr.Hital R Meswani Executive Director 2009 2490 990 50.16 19.94 Key Executives (Top Three)Name DesignationMr.K Sethuraman Group Co. Secretary & Chief Compl. Officer GOLD SPONSORNA NANA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 7
  • 8. Industry Oil Drilling And Exploration Group Public Sector Oil & Natural Gas Corpn Ltd 115068.69 Face Value 5 Capital Employed RANK: 2 No. Of Equity Share 85554.90 Price 265.8 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 227404.92 76239.36 22.99 222522.63 In US $ million 4419.06 1481.53 22.99 4324.19 RANK in 50 Stocks 2 4 14 2 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 66164.34 60251.77 64003.99 60065.10 56913.43 Promoter 6342962692 74.14Other Income 5431.11 3363.33 4604.51 4341.02 3730.50 FII 442209777 5.17Operating Profit 45925.23 41065.94 36857.76 34081.28 31889.27 Mutual Funds and UTI 136289266 1.59EBITDA 39090.22 35823.28 32502.14 30165.51 28596.47 Banks and Insurance 461602999 5.4EBT 27956.88 24546.39 24016.74 25148.64 24871.67 Other Investors 1008641547 11.79Adjusted PAT 18779.35 16287.66 15578.96 16206.79 16830.65 General Public 163783839 1.91Reported PAT 18924.00 16767.56 16126.32 16701.65 15642.92 GRAND TOTAL 8555490120 100Net Worth 97504.44 87282.61 78735.41 70617.40 61923.91 Valuation RatioEnterprise Value 222522.63 262255.90 198817.02 192701.88 224356.17 Annual TTMCapital Employed 115068.69 103688.25 94771.12 83100.11 77033.00 P/E 12.02 10.06Cash & Balances with RBI  80938.60 71553.78 61355.61 57463.78 52038.07 P/B 2.33 NAAdvances   65354.44 56073.25 52923.19 41154.63 37794.16 P/S 3.44 2.98Investment 5332.84 5772.03 5090.32 5899.50 5702.05 EV/EBITDA 4.85 NA Dividend Yield 6.30 NAEPS (Rs.)  22.12 78.39 75.40 78.09 73.14Cash EPS (Rs.)  30.11 102.91 95.76 96.39 88.53 Latest Result (TTM)Dividend Per Share (Rs.) 16.75 33.00 32.00 32.00 31.00 TTM End September  11 Growth(%)Book Value (Rs.)  113.97 408.07 368.11 330.16 289.51 Net Sales 76239.36 6.27Sales Per Share (Rs.)  77.34 281.70 299.24 280.83 266.09 Other Income 3114.75 7.85Free Reserves Per Share (Rs.) 108.01 392.88 353.81 315.74 275.84 Personnel Expenses  48557.18 7.47 EBIDTA 32727.89 15.92 Ratio Analysis EBT 32695.91 15.92Capital Adequacy Ratio  69.41 68.16 57.59 56.74 56.03 Adjusted PAT 22420.07 18.59EBIDTAM(%) 59.08 59.46 50.78 50.22 50.25 Reported PAT 22611.22 16.81APATM(%) 28.38 27.03 24.34 26.98 29.57 OPM(%)  63.69 62.98Fund based income(%) 38.71 35.73 31.15 33.50 35.36 NPM(%)  42.93 39.35Fee based income(%) 16.45 16.17 17.02 20.10 20.31 Capital Adequacy Ratio  29.41 26.35Yield on Fund Advances  45.98 49.02 49.65 47.94 48.85 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.18 0.18 0.20 0.17 0.24 Half Year End September  11 Growth(%)Cost of Funds Ratio  0.82 0.84 1.05 1.05 1.10 Net Sales 39327.28 6.54Borrowings within India(%) 1.36 1.39 1.45 1.56 1.40 Other Income 1859.94 48.22Borrowings from outside(%) 1.20 1.22 1.27 1.39 1.28 Personnel Expenses  25798.52 13.36Deposits within India(%) 94.69 87.82 111.98 122.77 150.64 EBIDTA 18397.88 28.39Deposits Outside India(%) 4.13 3.64 4.34 6.79 8.56 EBT 18387.34 28.51Net Profit Per Branch  7.12 7.61 5.36 6.31 5.25 Adjusted PAT 12604.13 28.40Deposits Per Branch  23.34 20.13 17.60 17.41 20.11 Reported PAT 12737.13 29.00 OPM(%)  65.60 61.66 NPM(%)  46.78 38.82 Rate of Growth Capital Adequacy Ratio  32.05 26.59 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 9.81 (5.86) 6.56 5.54 3.06 Net Sales 22925.36 39.77Other Income 61.48 (26.96) 6.07 16.37 7.80 Other Income 1132.97 55.85Total Operating Expenses 13.84 (28.98) 4.70 5.46 (2.24) Personnel Expenses  15601.60 53.00Personnel Expenses  11.83 11.42 8.15 6.87 7.57 EBIDTA 12323.43 102.87EBIDTA 9.12 10.22 7.75 5.49 6.45 EBT 12316.90 102.90EBT 13.89 2.21 (4.50) 1.11 2.37 Adjusted PAT 8509.23 107.80Adjusted PAT 15.30 4.55 (3.87) (3.71) 2.22 Reported PAT 8642.23 111.05Reported PAT 12.86 3.98 (3.44) 6.77 3.88 OPM(%)  68.05 62.17 NPM(%)  53.75 37.03 Capital Adequacy Ratio  37.12 24.97 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMrs.Usha Thorat Additional Director 2011 1299.5 226.95 49.17 8.59Prof.Deepak Nayyar Additional Director 2010 1472 997.35 66.55 45.09Mr.Arun Ramanathan Additional Director 2009 1273.5 614.2 16.25 7.84 Key Executives (Top Three)Name DesignationMr.N K Sinha Company Secretary & Compliance Officer GOLD SPONSORNA NANA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 8
  • 9. Industry Computers ‐ Software Group Tata Group Tata Consultancy Services Ltd 19620.61 Face Value 1 Capital Employed RANK: 3 No. Of Equity Share 19572.21 Price 1113.1 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 217858.27 33539.81 48.27 217322.21 In US $ million 4233.55 651.76 48.27 4223.13 RANK in 50 Stocks 3 13 4 3 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 29275.41 23044.45 22401.92 18533.72 14939.97 Promoter 1449864622 74.08Other Income 475.42 236.27 232.62 165.01 86.38 FII 250689064 12.81Operating Profit 9247.24 6903.44 6253.45 5190.62 4387.86 Mutual Funds and UTI 39957060 2.04EBITDA 8709.42 6434.09 5835.99 4731.84 4044.45 Banks and Insurance 118656161 6.06EBT 8689.41 6424.55 5828.55 4728.42 4041.02 Other Investors 10138029 0.52Adjusted PAT 7558.97 5686.66 5488.18 4270.84 3630.22 General Public 87916060 4.49Reported PAT 7569.99 5618.51 4696.21 4508.76 3757.29 GRAND TOTAL 1957220996 100Net Worth 19579.49 15116.62 13446.25 11004.81 8058.99 Valuation RatioEnterprise Value 217322.21 182840.48 56271.33 72690.76 113697.39 Annual TTMCapital Employed 19620.61 15152.36 13486.62 11023.06 8109.73 P/E 28.82 23.05Cash & Balances with RBI  6030.16 4871.21 4359.24 3240.64 2315.36 P/B 11.13 NAAdvances   1345.37 940.72 685.13 889.74 757.85 P/S 7.44 6.50Investment 5795.49 7893.39 5936.03 4509.33 3252.04 EV/EBITDA 23.50 NA Dividend Yield 1.26 NAEPS (Rs.)  38.62 28.62 47.92 46.07 38.39Cash EPS (Rs.)  41.37 31.02 52.18 50.76 41.90 Latest Result (TTM)Dividend Per Share (Rs.) 14.00 20.00 14.00 14.00 11.50 TTM End September  11 Growth(%)Book Value (Rs.)  100.04 77.24 137.40 112.45 82.35 Net Sales 33539.81 6.55Sales Per Share (Rs.)  149.58 117.74 228.92 189.39 152.67 Other Income 2032.96 184.05Free Reserves Per Share (Rs.) 97.95 75.24 134.37 110.22 80.25 Personnel Expenses  11870.98 18.10 EBIDTA 11242.80 18.70 Ratio Analysis EBT 11228.17 18.80Capital Adequacy Ratio  31.59 29.96 27.91 28.01 29.37 Adjusted PAT 9450.47 17.02EBIDTAM(%) 29.75 27.92 26.05 25.53 27.07 Reported PAT 9450.47 17.02APATM(%) 25.82 24.68 24.50 23.04 24.30 OPM(%)  35.39 31.93Fund based income(%) 27.66 26.71 26.36 25.52 26.60 NPM(%)  33.52 30.09Fee based income(%) 38.58 37.08 34.82 40.90 46.33 Capital Adequacy Ratio  28.18 25.66Yield on Fund Advances  42.21 81.61 34.20 35.55 34.46 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.01 0.01 0.01 0.01 0.01 Half Year End September  11 Growth(%)Cost of Funds Ratio  4.91 4.74 5.15 5.74 6.49 Net Sales 17942.80 15.04Borrowings within India(%) 2.41 1.49 1.83 1.98 1.93 Other Income 1677.88 372.54Borrowings from outside(%) 2.40 1.48 1.83 1.97 1.98 Personnel Expenses  6772.33 32.83Deposits within India(%) 5451.66 3398.94 1321.77 1137.21 1412.30 EBIDTA 6441.20 34.15Deposits Outside India(%) 462.13 723.63 840.52 1517.73 1279.26 EBT 6430.37 34.03Net Profit Per Branch  91.08 92.38 93.01 90.51 92.38 Adjusted PAT 5249.54 24.96Deposits Per Branch  80.35 78.67 79.74 80.43 70.79 Reported PAT 5249.54 24.96 OPM(%)  37.74 32.69 NPM(%)  35.90 30.79 Rate of Growth Capital Adequacy Ratio  29.26 26.93 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 27.04 2.87 20.87 24.05 14.40 Net Sales 9329.24 8.31Other Income 101.22 1.57 40.97 91.03 40.65 Other Income 1420.48 451.86Total Operating Expenses 25.20 (0.02) 21.27 26.97 14.02 Personnel Expenses  4080.87 51.62Personnel Expenses  33.95 10.39 20.48 18.30 16.08 EBIDTA 3907.00 54.17EBIDTA 35.36 10.25 23.33 17.00 16.58 EBT 3898.53 53.98EBT 35.25 10.23 23.27 17.01 16.55 Adjusted PAT 3187.11 54.53Adjusted PAT 32.92 3.62 28.50 17.65 15.80 Reported PAT 3187.11 54.53Reported PAT 34.73 19.64 4.16 20.00 15.04 OPM(%)  43.74 31.25 NPM(%)  41.88 29.42 Capital Adequacy Ratio  34.16 23.94 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.R N Tata Chairman / Chair Person 2011 1247 902.9 25.83 18.7Dr.Ron Sommer Director 2010 1179 692 30.53 17.92Mr.Ishaat Hussain Director 2009 805 355.25 28.13 12.41 Key Executives (Top Three)Name DesignationMr.Ravindra J Shah Chief Compliance Officer GOLD SPONSORMr.Suprakash Mukhopadhyay Company Secretary & Compliance OfficerMr.Ajoyendra Mukherjee Global Human Resources WWW.SWASTIKBUSINESSANALYTICS.COM Page: 9
  • 10. Industry Mining/Minerals Group Public Sector Coal India Ltd. 20807.81 Face Value 10 Capital Employed RANK: 4 No. Of Equity Share 63163.64 Price 326.4 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 206166.12 496.78 36.65 207163.18 In US $ million 4006.34 9.65 36.65 4025.71 RANK in 50 Stocks 4 48 5 5 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 461.31 448.14 318.05 271.81 280.54 Promoter 5684727960 90Other Income 5072.87 4301.01 4274.15 3172.38 3248.63 FII 399252778 6.32Operating Profit 4984.27 4255.84 4122.09 3030.63 3187.30 Mutual Funds and UTI 63638453 1.01EBITDA 4978.70 4246.85 4115.92 3024.13 3178.85 Banks and Insurance 35404115 0.56EBT 4755.81 3860.39 3640.62 2575.82 2834.21 Other Investors 38599599 0.61Adjusted PAT 4565.81 3660.39 3477.77 2455.01 2803.91 General Public 94741495 1.5Reported PAT 4723.56 3779.92 3295.38 2453.80 2821.29 GRAND TOTAL 6316364400 100Net Worth 19437.38 17060.72 15237.23 13369.30 12654.63 Valuation RatioEnterprise Value 207163.18 204965.56 1647.62 1510.83 1646.10 Annual TTMCapital Employed 20807.81 18525.02 17023.84 14880.12 14300.74 P/E 43.64 28.94Cash & Balances with RBI  387.46 376.63 368.92 355.30 351.88 P/B 10.61 NAAdvances   55.67 17.84 5.99 1.07 0.08 P/S 447.12 415.00Investment 6319.17 6316.57 6316.36 6316.36 6316.36 EV/EBITDA 41.56 NA Dividend Yield 1.19 NAEPS (Rs.)  7.48 5.98 5.22 388.48 446.66Cash EPS (Rs.)  7.49 6.00 5.23 389.51 448.00 Latest Result (TTM)Dividend Per Share (Rs.) 3.90 3.50 2.70 270.00 237.50 TTM End September  11 Growth(%)Book Value (Rs.)  30.77 27.01 24.12 2116.61 2003.47 Net Sales 496.78 4.20Sales Per Share (Rs.)  0.73 0.70 0.50 43.03 44.42 Other Income 7522.94 15.54Free Reserves Per Share (Rs.) 16.48 12.99 10.57 806.02 734.76 Personnel Expenses  7460.40 15.09 EBIDTA 7398.44 15.54 Ratio Analysis EBT 7239.87 17.86Capital Adequacy Ratio  1080.46 949.67 1296.05 1114.98 1136.13 Adjusted PAT 7123.61 17.38EBIDTAM(%) 1079.25 947.66 1294.11 1112.59 1133.12 Reported PAT 7123.41 17.39APATM(%) 989.75 816.80 1093.47 903.21 999.47 OPM(%)  1501.75 1359.63Fund based income(%) 990.96 818.80 1095.41 905.60 1002.48 NPM(%)  1489.28 1343.04Fee based income(%) 22.70 20.40 19.36 16.49 19.73 Capital Adequacy Ratio  1433.96 1272.86Yield on Fund Advances  52.15 58.46 51.75 81.31 60.62 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.07 0.08 0.11 0.11 0.13 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.19 1.19 0.86 0.76 0.79 Net Sales 189.94 (38.10)Borrowings within India(%) 3.09 3.22 3.03 2.75 2.66 Other Income 6067.97 317.05Borrowings from outside(%) 3.09 3.22 3.02 2.75 2.66 Personnel Expenses  6023.02 319.03Deposits within India(%) 14.33 18.58 18.22 29.77 12.60 EBIDTA 5961.07 314.72Deposits Outside India(%) 22.36 11.01 8.67 6.76 9.25 EBT 5786.25 298.06Net Profit Per Branch  1.67 1.62 2.19 0.00 0.00 Adjusted PAT 5622.25 274.48Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 5622.25 274.53 OPM(%)  3171.01 468.45 NPM(%)  3138.40 468.44 Rate of Growth Capital Adequacy Ratio  2960.01 489.30 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 2.94 40.90 17.01 (3.11) 10.46 Net Sales 66.87 (45.67)Other Income 17.95 0.63 34.73 (2.35) 9.32 Other Income 1336.10 (71.76)Total Operating Expenses 11.47 4.93 13.68 20.97 9.97 Personnel Expenses  1279.05 (73.04)Personnel Expenses  17.12 3.24 36.01 (4.92) 9.35 EBIDTA 1235.99 (73.84)EBIDTA 17.23 3.18 36.10 (4.87) 9.39 EBT 1167.66 (74.72)EBT 23.20 6.04 41.34 (9.12) 10.91 Adjusted PAT 1080.66 (76.21)Adjusted PAT 24.74 5.25 41.66 (12.44) 10.24 Reported PAT 1080.66 (76.21)Reported PAT 24.96 14.70 34.30 (13.03) 10.86 OPM(%)  1912.74 3854.69 NPM(%)  1848.35 3839.34 Capital Adequacy Ratio  1616.06 3690.25 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.N C Jha Chairman and Managing director 2011 422.3 288.95 37.45 25.62Mr.A K Sinha Director (Finance) 2010 357.6 287.45 47.81 38.43Mr.R Mohan Das Director (Personnel) NA NA NA NA NA Key Executives (Top Three)Name DesignationMr.D K Ghosh Chief General Manager (Finance) GOLD SPONSORDr.H Sarkar Chief General Manager(F) / Company SecretarNA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 10
  • 11. Industry Cigarettes Group MNC Associate ITC Ltd 15999.13 Face Value 1 Capital Employed RANK: 5 No. Of Equity Share 77381.44 Price 200.7 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 155304.55 23419.13 34.70 153224.44 In US $ million 3017.97 455.09 34.70 2977.54 RANK in 50 Stocks 5 21 6 10 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 21120.83 18567.45 14985.81 14032.20 12313.83 Promoter 0 0Other Income 647.91 496.27 422.80 479.82 300.14 FII 1185778979 15.26Operating Profit 7846.94 6628.59 5344.82 4910.05 4303.98 Mutual Funds and UTI 1128384319 14.52EBITDA 7190.95 6019.88 4795.41 4471.59 3941.06 Banks and Insurance 1610349549 20.72EBT 7112.84 5929.60 4747.76 4446.98 3925.02 Other Investors 2975689730 38.28Adjusted PAT 4825.15 3964.17 3182.63 2966.01 2661.95 General Public 872834143 11.23Reported PAT 4987.61 4061.00 3263.59 3120.10 2699.97 GRAND TOTAL 7773036720 100Net Worth 15899.93 14009.99 13679.99 12001.55 10380.00 Valuation RatioEnterprise Value 153224.44 87759.21 79738.04 69636.69 65553.47 Annual TTMCapital Employed 15999.13 14117.70 13857.54 12215.98 10580.88 P/E 31.12 28.15Cash & Balances with RBI  12765.82 11967.86 10558.65 8959.70 7134.31 P/B 9.73 NAAdvances   1333.40 1008.99 1214.06 1126.82 1130.20 P/S 7.35 6.63Investment 5554.66 5726.87 2837.75 2934.55 3067.77 EV/EBITDA 19.53 NA Dividend Yield 2.22 NAEPS (Rs.)  6.45 10.64 8.65 8.28 7.18Cash EPS (Rs.)  7.29 12.23 10.10 9.44 8.14 Latest Result (TTM)Dividend Per Share (Rs.) 4.45 10.00 3.70 3.50 3.10 TTM End September  11 Growth(%)Book Value (Rs.)  20.62 36.84 36.39 32.00 27.74 Net Sales 23419.13 4.17Sales Per Share (Rs.)  27.29 48.63 39.70 37.23 32.73 Other Income 619.84 9.99Free Reserves Per Share (Rs.) 19.07 34.73 34.27 29.88 25.62 Personnel Expenses  8757.05 4.79 EBIDTA 8088.15 5.12 Ratio Analysis EBT 8020.55 5.05Capital Adequacy Ratio  37.15 35.70 35.67 34.99 34.95 Adjusted PAT 5517.59 5.10EBIDTAM(%) 34.05 32.42 32.00 31.87 32.01 Reported PAT 5517.59 5.10APATM(%) 22.85 21.35 21.24 21.14 21.62 OPM(%)  37.39 37.17Fund based income(%) 25.95 24.63 24.90 24.26 24.56 NPM(%)  34.54 34.22Fee based income(%) 31.17 28.77 23.55 25.54 25.52 Capital Adequacy Ratio  23.56 23.35Yield on Fund Advances  80.24 109.63 50.06 49.45 50.53 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.01 0.01 0.01 0.01 0.01 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.69 1.58 1.44 1.59 1.75 Net Sales 11928.10 3.96Borrowings within India(%) 1.08 0.92 1.42 1.36 1.33 Other Income 324.64 9.97Borrowings from outside(%) 0.50 0.39 0.60 0.56 0.58 Personnel Expenses  4519.72 6.66Deposits within India(%) 6.05 6.04 5.26 5.51 6.05 EBIDTA 4183.14 7.12Deposits Outside India(%) 100.46 73.42 112.17 199.51 268.33 EBT 4152.51 7.35Net Profit Per Branch  13.32 12.68 14.85 15.45 18.54 Adjusted PAT 2847.03 6.61Deposits Per Branch  13.34 12.03 12.98 12.78 16.92 Reported PAT 2847.03 6.61 OPM(%)  37.89 36.93 NPM(%)  35.07 34.03 Rate of Growth Capital Adequacy Ratio  23.87 23.28 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 13.75 23.90 6.80 13.95 11.39 Net Sales 6085.22 3.84Other Income 30.56 17.38 (11.88) 59.87 16.64 Other Income 180.80 25.70Total Operating Expenses 11.96 23.56 4.81 15.55 10.87 Personnel Expenses  2399.79 13.20Personnel Expenses  18.38 24.02 8.85 14.08 12.76 EBIDTA 2229.66 14.14EBIDTA 19.45 25.53 7.24 13.46 12.78 EBT 2215.48 14.38EBT 19.95 24.89 6.76 13.30 12.63 Adjusted PAT 1514.31 13.63Adjusted PAT 21.72 24.56 7.30 11.42 12.63 Reported PAT 1514.31 13.63Reported PAT 22.82 24.43 4.60 15.56 13.06 OPM(%)  39.44 36.18 NPM(%)  36.64 33.33 Capital Adequacy Ratio  24.89 22.74 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Yogesh Chander Deveshw Chairman / Chair Person 2011 216.1 150 30.31 21.04Mr.Kurush Noshir Grant Executive Director 2010 313.3 151.5 48.57 23.49Mr.Nakul Anand Executive Director 2009 271.3 155.75 25.50 14.64 Key Executives (Top Three)Name DesignationMr.Rajiv Tandon Chief Financial Officer GOLD SPONSORMr.Biswa Behari Chatterjee Executive Vice President & Co. SecretaryNA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 11
  • 12. Industry Computers ‐ Software Group Not Applicable Infosys Technologies Ltd 24501 Face Value 5 Capital Employed RANK: 6 No. Of Equity Share 5741.52 Price 2607.55 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 149713.00 27577.00 27.95 134548.00 In US $ million 2909.31 535.89 27.95 2614.61 RANK in 50 Stocks 6 18 8 11 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 25385.00 21140.00 20264.00 15648.00 13149.00 Promoter 92085078 16.04Other Income 1108.00 871.00 874.00 678.00 333.00 FII 210487993 36.66Operating Profit 9523.00 8233.00 7782.00 5642.00 4559.00 Mutual Funds and UTI 29130058 5.07EBITDA 8783.00 7426.00 7088.00 5096.00 4090.00 Banks and Insurance 32403277 5.64EBT 8782.00 7424.00 7086.00 5095.00 4089.00 Other Investors 132429951 23.06Adjusted PAT 6404.00 5707.00 6191.00 4465.00 3737.00 General Public 77666725 13.53Reported PAT 6443.00 5803.00 5819.00 4470.00 3783.00 GRAND TOTAL 574203082 100Net Worth 24501.00 22036.00 17809.00 13490.00 11162.00 Valuation RatioEnterprise Value 134548.00 154739.26 96139.95 79740.59 107168.26 Annual TTMCapital Employed 24501.00 22036.00 17809.00 13490.00 11162.00 P/E 23.24 21.87Cash & Balances with RBI  6934.00 6357.00 5986.00 4508.00 3889.00 P/B 6.11 NAAdvances   499.00 409.00 615.00 1260.00 957.00 P/S 5.90 5.43Investment 1325.00 4636.00 1005.00 964.00 839.00 EV/EBITDA 14.13 NA Dividend Yield 2.30 NAEPS (Rs.)  112.22 101.13 101.58 78.15 66.23Cash EPS (Rs.)  125.11 115.19 113.70 87.69 74.44 Latest Result (TTM)Dividend Per Share (Rs.) 60.00 25.00 23.50 33.25 11.50 TTM End September  11 Growth(%)Book Value (Rs.)  426.85 383.90 311.35 235.84 195.14 Net Sales 27577.00 3.94Sales Per Share (Rs.)  442.13 368.40 353.75 273.57 230.20 Other Income 1460.00 10.19Free Reserves Per Share (Rs.) 420.79 378.08 305.80 230.74 190.30 Personnel Expenses  10269.00 3.20 EBIDTA 9504.00 3.30 Ratio Analysis EBT 9504.00 3.30Capital Adequacy Ratio  37.51 38.95 38.40 36.06 34.67 Adjusted PAT 6847.00 2.72EBIDTAM(%) 34.60 35.13 34.98 32.57 31.11 Reported PAT 6847.00 2.72APATM(%) 25.23 27.00 30.55 28.53 28.42 OPM(%)  37.24 37.51Fund based income(%) 28.14 30.81 33.98 32.02 31.99 NPM(%)  34.46 34.68Fee based income(%) 26.30 26.33 32.67 33.14 33.89 Capital Adequacy Ratio  24.83 25.12Yield on Fund Advances  62.28 28.84 27.03 49.77 19.85 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.00 0.00 0.00 0.00 0.00 Half Year End September  11 Growth(%)Cost of Funds Ratio  3.67 3.33 3.39 3.47 3.38 Net Sales 14375.00 8.89Borrowings within India(%) 5.11 4.28 4.71 3.30 4.96 Other Income 798.00 20.54Borrowings from outside(%) 5.02 4.20 4.67 3.28 4.91 Personnel Expenses  5231.00 3.83Deposits within India(%) 0.00 0.00 0.00 0.00 0.00 EBIDTA 4839.00 3.73Deposits Outside India(%) 9523.00 4116.50 3891.00 5642.00 4559.00 EBT 4839.00 3.73Net Profit Per Branch  94.38 99.69 97.88 92.59 92.44 Adjusted PAT 3476.00 3.11Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 3476.00 3.11 OPM(%)  36.39 38.16 NPM(%)  33.66 35.34 Rate of Growth Capital Adequacy Ratio  24.18 25.53 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 20.08 4.32 29.50 19.01 14.06 Net Sales 7470.00 8.18Other Income 27.21 (0.34) 28.91 103.60 27.18 Other Income 383.00 (7.71)Total Operating Expenses 23.17 3.16 25.01 19.74 13.72 Personnel Expenses  2742.00 10.16Personnel Expenses  15.67 5.80 37.93 23.76 15.87 EBIDTA 2541.00 10.57EBIDTA 18.27 4.77 39.09 24.60 16.52 EBT 2541.00 10.57EBT 18.29 4.77 39.08 24.60 16.52 Adjusted PAT 1822.00 10.16Adjusted PAT 12.21 (7.82) 38.66 19.48 11.37 Reported PAT 1822.00 10.16Reported PAT 11.03 (0.27) 30.18 18.16 11.24 OPM(%)  36.71 36.05 NPM(%)  34.02 33.28 Capital Adequacy Ratio  24.39 23.95 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Ravi Venkatesan Additional Director 2011 3493.95 2169 29.3 18.19Mr.K V Kamath Chairman / Chair Person 2010 3454 2333 30.78 20.79Mr.N R Narayana Murthy Chairman Emeritus 2009 2614.9 1101 25.86 10.89 Key Executives (Top Three)Name DesignationMr.V Balakrishnan Chief Financial Officer GOLD SPONSORMr.K Parvatheesam Company Secretary & Compliance OfficerMr.Srinath Batni Head ‐ Delivery Excellence WWW.SWASTIKBUSINESSANALYTICS.COM Page: 12
  • 13. Industry Telecommunications ‐ Service Group Bharti Group Bharti Airtel Ltd 56007 Face Value 5 Capital Employed RANK: 7 No. Of Equity Share 37975.30 Price 385.3 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 146318.83 39736.70 14.57 158087.93 In US $ million 2843.35 772.19 14.57 3072.05 RANK in 50 Stocks 7 10 26 9 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 38015.80 35609.54 34048.32 25761.11 17851.61 Promoter 2594937653 68.33Other Income 154.90 148.98 235.99 266.91 101.70 FII 650843705 17.14Operating Profit 13557.70 14066.60 13428.77 10926.24 7359.35 Mutual Funds and UTI 157538904 4.15EBITDA 8946.10 9968.68 10043.67 7493.59 4868.25 Banks and Insurance 172574573 4.54EBT 8649.40 9685.32 9609.50 7100.16 4586.17 Other Investors 168833974 4.45Adjusted PAT 7641.80 8507.45 9287.72 6467.73 4019.38 General Public 52801287 1.39Reported PAT 7716.90 9426.15 7743.84 6244.19 4033.23 GRAND TOTAL 3797530096 100Net Worth 44109.50 36735.06 27641.84 20239.36 11441.14 Valuation RatioEnterprise Value 158087.93 124414.52 122668.75 147841.05 164983.24 Annual TTMCapital Employed 56007.00 41773.97 35355.49 26809.70 16751.95 P/E 18.96 22.77Cash & Balances with RBI  61437.50 44212.53 37266.70 28115.65 26509.93 P/B 3.32 NAAdvances   6497.60 1594.74 2566.67 2751.08 2375.82 P/S 3.85 3.68Investment 11813.00 15773.32 11777.76 10952.85 705.82 EV/EBITDA 11.66 NA Dividend Yield 0.26 NAEPS (Rs.)  20.32 24.82 40.79 32.90 21.27Cash EPS (Rs.)  32.46 35.61 58.63 50.99 34.41 Latest Result (TTM)Dividend Per Share (Rs.) 1.00 1.00 2.00 0.00 0.00 TTM End September  11 Growth(%)Book Value (Rs.)  116.16 96.74 145.63 106.65 60.36 Net Sales 39736.70 2.22Sales Per Share (Rs.)  100.11 93.77 179.37 135.73 94.16 Other Income 75.00 (8.42)Free Reserves Per Share (Rs.) 103.84 84.64 121.78 83.18 49.88 Personnel Expenses  13157.00 0.12 EBIDTA 8475.40 (0.87) Ratio Analysis EBT 7545.30 (9.75)Capital Adequacy Ratio  35.66 39.50 39.44 42.41 41.23 Adjusted PAT 6425.50 (10.98)EBIDTAM(%) 23.53 27.99 29.50 29.09 27.27 Reported PAT 6425.50 (10.98)APATM(%) 20.10 23.89 27.28 25.11 22.52 OPM(%)  33.11 33.81Fund based income(%) 32.23 35.40 37.22 38.43 36.47 NPM(%)  21.33 21.99Fee based income(%) 13.78 22.56 21.90 23.29 24.08 Capital Adequacy Ratio  16.17 18.57Yield on Fund Advances  5.70 4.71 5.73 0.00 0.00 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.27 0.13 0.28 0.32 0.46 Half Year End September  11 Growth(%)Cost of Funds Ratio  0.82 0.87 0.99 1.03 0.74 Net Sales 20344.50 4.91Borrowings within India(%) 0.70 0.70 0.69 0.56 0.47 Other Income 32.00 (25.58)Borrowings from outside(%) 0.77 0.67 0.64 0.55 0.47 Personnel Expenses  6547.40 (0.94)Deposits within India(%) 1105.11 1307.05 547.83 453.06 373.35 EBIDTA 4220.80 (0.79)Deposits Outside India(%) 45.69 49.64 30.93 27.77 26.09 EBT 3422.90 (16.97)Net Profit Per Branch  4.77 5.03 5.31 6.00 8.82 Adjusted PAT 2739.70 (25.67)Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 2739.70 (25.67) OPM(%)  32.18 34.08 NPM(%)  20.75 21.94 Rate of Growth Capital Adequacy Ratio  13.47 19.01 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 6.76 4.59 32.17 44.31 16.32 Net Sales 10164.50 (0.15)Other Income 3.97 (36.87) (11.58) 162.45 8.78 Other Income 13.00 (31.58)Total Operating Expenses 13.47 4.01 38.10 42.55 18.36 Personnel Expenses  3333.80 3.73Personnel Expenses  (3.62) 4.75 22.90 48.47 13.00 EBIDTA 2177.80 6.59EBIDTA (10.26) (0.75) 34.03 53.93 12.94 EBT 1583.20 (13.95)EBT (10.70) 0.79 35.34 54.82 13.53 Adjusted PAT 1307.50 (8.71)Adjusted PAT (10.18) (8.40) 43.60 60.91 13.71 Reported PAT 1307.50 (8.71)Reported PAT (18.13) 21.72 24.02 54.82 13.86 OPM(%)  32.80 31.57 NPM(%)  21.43 20.07 Capital Adequacy Ratio  12.86 14.07 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Sunil Bharti Mittal Chairman and Managing director 2011 444.7 304.25 26.28 17.98Mr.Manoj Kohli Joint Managing Director & CEO 2010 376.5 254 18.53 12.50Mr.Tsun‐yan Hsieh Non Executive Director 2009 990 229.5 39.89 9.25 Key Executives (Top Three)Name DesignationMr.Sanjay Kapoor CEO (India & South Asia) GOLD SPONSORMr.Srikanth Balachander Chief Financial OfficerMr.Mukesh Bhavnani Co. Secretary & Compl. Officer WWW.SWASTIKBUSINESSANALYTICS.COM Page: 13
  • 14. Industry Power ‐ Generation/Distribution Group Public Sector NTPC Ltd 111572.36 Face Value 10 Capital Employed RANK: 8 No. Of Equity Share 82454.64 Price 162.05 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 133617.74 60166.36 14.12 160620.72 In US $ million 2596.54 1169.19 14.12 3121.27 RANK in 50 Stocks 8 5 29 8 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 54938.68 46377.70 41975.20 37091.00 32631.70 Promoter 6967361180 84.5Other Income 2477.56 2859.60 3307.00 2957.60 2760.90 FII 288895774 3.5Operating Profit 15122.55 15297.90 13850.10 14484.70 12920.50 Mutual Funds and UTI 108997512 1.32EBITDA 12632.36 12643.50 11482.00 12343.10 10835.20 Banks and Insurance 563605737 6.84EBT 10605.15 10781.60 9745.00 10360.90 8779.50 Other Investors 147958297 1.79Adjusted PAT 7974.61 8098.90 7190.30 7366.70 6615.80 General Public 168645900 2.05Reported PAT 9102.59 8728.20 8201.30 7414.80 6864.70 GRAND TOTAL 8245464400 100Net Worth 68384.12 63724.10 58994.90 54267.40 48596.80 Valuation RatioEnterprise Value 160620.72 194101.06 186173.85 178815.77 182466.38 Annual TTMCapital Employed 111572.36 101521.10 93562.70 81458.00 73737.90 P/E 14.68 13.84Cash & Balances with RBI  72583.94 66663.80 62353.00 53368.00 50604.20 P/B 1.95 NAAdvances   38441.84 32290.60 26404.90 22478.30 16962.30 P/S 2.43 2.22Investment 12344.84 14807.10 13983.50 15267.20 16094.30 EV/EBITDA 10.62 NA Dividend Yield 2.34 NAEPS (Rs.)  11.04 10.59 9.95 8.99 8.33Cash EPS (Rs.)  14.06 13.80 12.82 11.59 10.85 Latest Result (TTM)Dividend Per Share (Rs.) 3.80 3.80 3.60 3.50 3.20 TTM End September  11 Growth(%)Book Value (Rs.)  82.94 77.28 71.55 65.81 58.94 Net Sales 60166.36 0.98Sales Per Share (Rs.)  66.63 56.25 50.91 44.98 39.58 Other Income 1739.38 33.30Free Reserves Per Share (Rs.) 69.08 62.75 56.25 52.34 47.38 Personnel Expenses  17387.49 (6.15) EBIDTA 14502.00 (0.20) Ratio Analysis EBT 12773.35 1.83Capital Adequacy Ratio  27.53 32.99 33.00 39.05 39.59 Adjusted PAT 9653.22 3.39EBIDTAM(%) 22.99 27.26 27.35 33.28 33.20 Reported PAT 9653.22 3.39APATM(%) 14.52 17.46 17.13 19.86 20.27 OPM(%)  28.90 31.10Fund based income(%) 19.05 23.19 22.77 25.64 26.66 NPM(%)  24.10 24.39Fee based income(%) 8.16 8.60 8.77 9.10 9.31 Capital Adequacy Ratio  16.04 15.67Yield on Fund Advances  40.07 41.94 42.31 45.53 44.11 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.63 0.59 0.58 0.50 0.51 Half Year End September  11 Growth(%)Cost of Funds Ratio  0.76 0.69 0.67 0.69 0.64 Net Sales 30223.39 0.94Borrowings within India(%) 2.59 2.81 2.89 2.36 2.42 Other Income 1331.37 226.60Borrowings from outside(%) 2.32 2.50 2.59 2.16 2.18 Personnel Expenses  8110.88 (12.57)Deposits within India(%) 29.18 27.54 28.21 33.59 30.50 EBIDTA 6811.45 (11.43)Deposits Outside India(%) 7.46 8.22 7.97 7.31 6.29 EBT 6105.93 (8.42)Net Profit Per Branch  0.00 0.00 0.00 0.00 0.00 Adjusted PAT 4499.90 (12.68)Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 4499.90 (12.68) OPM(%)  26.84 30.98 NPM(%)  22.54 25.68 Rate of Growth Capital Adequacy Ratio  14.89 17.21 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 18.46 10.49 13.17 13.67 10.98 Net Sales 15698.80 8.09Other Income (13.36) (13.53) 11.81 7.12 (2.14) Other Income 688.07 6.90Total Operating Expenses 24.62 7.98 22.96 13.76 13.48 Personnel Expenses  4248.24 9.98Personnel Expenses  (1.15) 10.45 (4.38) 12.11 3.20 EBIDTA 3589.95 11.44EBIDTA (0.09) 10.12 (6.98) 13.92 3.12 EBT 3258.78 14.46EBT (1.64) 10.64 (5.94) 18.01 3.85 Adjusted PAT 2424.12 16.78Adjusted PAT (1.53) 12.64 (2.39) 11.35 3.81 Reported PAT 2424.12 16.78Reported PAT 4.29 6.42 10.61 8.01 5.81 OPM(%)  27.06 26.59 NPM(%)  22.87 22.18 Capital Adequacy Ratio  15.44 14.29 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Arup Roy Choudhury Chairman and Managing director 2011 203.15 152 17.35 12.98Mr.I J Kapoor Director (Commercial) 2010 239 175.2 21.65 15.87Mr.A K Singhal Director (Finance) 2009 241.7 165.5 22.82 15.63 Key Executives (Top Three)Name DesignationMr.T Venkatesh Chief Vigilance Officer GOLD SPONSORMr.A K Rastogi Company Secretary & Compliance OfficerMr.A N Dave Executive Director WWW.SWASTIKBUSINESSANALYTICS.COM Page: 14
  • 15. Industry Finance ‐ Banks ‐ Public Sector Group SBI Group State Bank of India 1223736.2 Face Value 10 Capital Employed RANK: 9 No. Of Equity Share 6350.00 Price 1762.85 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 111940.98 93298.67 0.30 213884.18 In US $ million 2175.30 1813.03 0.30 4156.32 RANK in 50 Stocks 9 3 46 4 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 95525.58 85909.36 74880.76 56821.55 43860.57 Promoter 377207200 59.4Other Income 1065.14 1051.15 894.26 901.33 1008.35 FII 54940125 8.65Operating Profit 16217.24 14578.52 14604.95 10962.90 7774.36 Mutual Funds and UTI 32533318 5.12EBITDA 17282.38 15629.67 15499.21 11864.23 8782.71 Banks and Insurance 85065942 13.4EBT 13992.56 15343.11 15239.31 10647.28 7612.95 Other Investors 44953501 7.08Adjusted PAT 8283.02 9176.49 9124.19 6718.08 4529.18 General Public 40298905 6.35Reported PAT 8264.52 9166.05 9121.23 6729.12 4541.31 GRAND TOTAL 634998991 100Net Worth 2382486.37 2040878.26 1870916.46 1394019.97 1101831.93 Valuation RatioEnterprise Value 213884.18 257883.69 167746.59 179112.56 135149.29 Annual TTMCapital Employed 1223736.20 1053413.73 964432.08 721526.31 566565.25 P/E 13.54 15.46Cash & Balances with RBI  94395.50 61290.87 55546.17 51534.62 29076.43 P/B 1.72 NAAdvances   756719.45 631914.15 542503.20 416768.20 337336.49 P/S 1.17 1.20Investment 295600.57 285790.07 275953.96 189501.27 149148.88 EV/EBITDA 13.19 NA Dividend Yield 1.70 NAEPS (Rs.)  130.15 144.35 143.64 105.97 71.52Cash EPS (Rs.)  181.96 148.86 147.73 125.13 89.94 Latest Result (TTM)Dividend Per Share (Rs.) 30.00 29.99 28.99 21.38 11.60 TTM End September  11 Growth(%)Book Value (Rs.)  1023.40 1038.57 912.56 772.17 492.89 Net Sales 93298.67 7.07Sales Per Share (Rs.)  1504.34 1352.90 1179.22 894.83 690.72 Other Income 15090.89 (3.69)Free Reserves Per Share (Rs.) 1013.40 1028.57 902.56 762.22 484.60 Personnel Expenses  15362.18 1.58 EBIDTA 27560.94 4.23 Ratio Analysis EBT 13810.05 2.63Capital Adequacy Ratio  11.98 13.39 14.25 13.47 12.34 Adjusted PAT 7242.92 4.46EBIDTAM(%) 18.09 18.19 20.70 20.88 20.02 Reported PAT 7242.92 4.46APATM(%) 8.67 10.68 12.18 11.82 10.33 OPM(%)  29.54 30.35Fund based income(%) 87.79 88.43 89.76 89.57 89.45 NPM(%)  7.76 7.96Fee based income(%) 12.20 11.56 10.23 10.42 10.54 Capital Adequacy Ratio  10.88 11.31Yield on Fund Advances  7.92 8.01 8.55 8.45 7.36 Latest Result (Half Yearly)Break‐Even Yield Ratio  6.45 7.48 7.91 7.66 6.94 Half Year End September  11 Growth(%)Cost of Funds Ratio  4.63 5.21 5.39 5.41 4.93 Net Sales 50164.53 16.30Borrowings within India(%) 41.26 37.51 6.84 24.75 14.65 Other Income 6961.46 (14.37)Borrowings from outside(%) 58.73 62.48 93.15 75.24 85.34 Personnel Expenses  7631.70 (1.28)Deposits within India(%) 94.99 95.10 95.68 95.77 96.42 EBIDTA 14716.75 14.58Deposits Outside India(%) 5.00 4.89 4.31 4.22 3.57 EBT 7174.35 8.12Net Profit Per Branch  0.60 0.73 0.79 0.65 0.47 Adjusted PAT 4393.98 54.23Deposits Per Branch  68.18 63.63 64.30 52.33 45.37 Reported PAT 4393.98 54.23 OPM(%)  29.34 29.78 NPM(%)  8.76 6.60 Rate of Growth Capital Adequacy Ratio  0.00 0.00 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 11.19 14.73 31.78 29.55 16.84 Net Sales 25967.09 7.31Other Income 1.33 17.54 (0.78) (10.61) 1.10 Other Income 3427.23 (3.03)Total Operating Expenses 11.18 18.34 31.44 27.08 17.06 Personnel Expenses  3914.33 5.30Personnel Expenses  13.53 30.85 25.19 (1.85) 12.79 EBIDTA 7474.31 3.20EBIDTA 10.57 0.84 30.64 35.09 14.50 EBT 4088.81 32.52EBT (8.80) 0.68 43.13 39.86 12.95 Adjusted PAT 2810.43 77.48Adjusted PAT (9.74) 0.57 35.82 48.33 12.83 Reported PAT 2810.43 77.48Reported PAT (9.84) 0.49 35.55 48.18 12.72 OPM(%)  28.78 29.93 NPM(%)  10.82 6.54 Capital Adequacy Ratio  10.31 10.56 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Pratip Chaudhuri Chairman / Chair Person 2011 2959.9 1629.1 25.95 14.28Mr.S Venkatachalam Director 2010 3515 1863 27.01 14.31Mr.D Sundaram Director 2009 2500 894 17.32 6.19 Key Executives (Top Three)Name DesignationMr.Diwakar Gupta Chief Finance Officer GOLD SPONSORMr.P Nanda Kumaran Chief General Manager (Ex‐Officio)Mr.M Bhagavantha Rao Chief General Manager (Ex‐Officio) WWW.SWASTIKBUSINESSANALYTICS.COM Page: 15
  • 16. Industry Finance ‐ Banks ‐ Private Sector Group HDFC Group HDFC Bank Ltd 277352.6 Face Value 2 Capital Employed RANK: 10 No. Of Equity Share 23261.50 Price 441.45 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 102687.89 23394.18 0.85 116405.98 In US $ million 1995.49 454.61 0.85 2262.07 RANK in 50 Stocks 10 22 42 12 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 24393.60 19958.76 19770.72 12354.41 8303.34 Promoter 543216100 23.23Other Income 0.00 17.72 0.00 43.04 102.96 FII 685071491 29.3Operating Profit 7460.57 4863.43 3928.88 3803.73 2752.83 Mutual Funds and UTI 101734312 4.35EBITDA 7460.57 4881.15 3928.88 3846.77 2855.79 Banks and Insurance 154705795 6.62EBT 5820.07 4285.65 3295.67 2280.38 1640.20 Other Investors 637318499 27.26Adjusted PAT 3927.21 2944.66 2240.75 1589.48 1142.50 General Public 216265933 9.25Reported PAT 3926.40 2948.70 2244.94 1590.18 1141.45 GRAND TOTAL 2338312130 100Net Worth 529325.94 423394.63 351488.82 254855.97 176038.07 Valuation RatioEnterprise Value 116405.98 469110.81 287623.83 238838.97 223032.68 Annual TTMCapital Employed 277352.60 222458.56 183270.77 133176.60 91235.61 P/E 26.15 22.89Cash & Balances with RBI  25100.82 15483.28 13527.21 12553.18 5182.48 P/B 4.05 NAAdvances   159982.67 125830.59 98883.05 63426.90 46944.78 P/S 4.21 4.39Investment 70929.37 58607.62 58817.55 49393.54 30564.80 EV/EBITDA 15.60 NA Dividend Yield 0.75 NAEPS (Rs.)  16.88 12.68 9.65 6.84 4.91Cash EPS (Rs.)  23.92 15.23 12.37 13.57 10.13 Latest Result (TTM)Dividend Per Share (Rs.) 3.30 2.36 1.83 1.30 0.96 TTM End September  11 Growth(%)Book Value (Rs.)  109.10 92.52 64.71 49.43 27.66 Net Sales 23394.18 8.88Sales Per Share (Rs.)  104.87 85.80 84.99 53.11 35.70 Other Income 4715.29 5.62Free Reserves Per Share (Rs.) 107.10 90.56 61.16 47.90 26.28 Personnel Expenses  3062.49 3.81 EBIDTA 8328.71 3.98 Ratio Analysis EBT 6621.79 6.55Capital Adequacy Ratio  16.22 17.44 15.69 13.60 13.08 Adjusted PAT 4486.87 6.84EBIDTAM(%) 30.58 24.46 19.87 31.14 34.39 Reported PAT 4486.87 6.84APATM(%) 16.10 14.75 11.33 12.87 13.76 OPM(%)  35.60 37.28Fund based income(%) 84.65 85.37 87.20 85.70 84.05 NPM(%)  19.18 19.55Fee based income(%) 15.34 14.62 12.79 14.29 15.94 Capital Adequacy Ratio  16.48 16.60Yield on Fund Advances  9.42 9.61 12.27 10.98 9.23 Latest Result (Half Yearly)Break‐Even Yield Ratio  5.86 6.18 9.01 7.70 6.77 Half Year End September  11 Growth(%)Cost of Funds Ratio  4.20 4.31 6.12 4.64 4.47 Net Sales 12695.67 18.67Borrowings within India(%) 60.43 73.04 26.74 19.80 38.40 Other Income 2331.71 (2.18)Borrowings from outside(%) 39.56 26.95 73.25 80.19 61.59 Personnel Expenses  1604.09 9.99Deposits within India(%) 99.87 99.96 99.96 100.00 100.00 EBIDTA 4159.16 (0.25)Deposits Outside India(%) 0.12 0.03 0.03 0.00 0.00 EBT 3349.45 2.36Net Profit Per Branch  1.98 1.71 1.59 2.09 1.67 Adjusted PAT 2284.33 3.71Deposits Per Branch  105.03 97.05 101.14 132.42 99.85 Reported PAT 2284.33 3.71 OPM(%)  32.76 38.97 NPM(%)  17.99 20.59 Rate of Growth Capital Adequacy Ratio  0.00 0.00 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 22.22 0.95 60.03 48.79 24.05 Net Sales 6717.70 12.37Other Income (100.00) NA (100.00) (58.20) (100.00) Other Income 1211.68 8.18Total Operating Expenses 12.17 (4.71) 85.27 54.05 24.99 Personnel Expenses  823.10 5.39Personnel Expenses  23.89 2.28 71.99 67.51 29.56 EBIDTA 2125.80 4.55EBIDTA 52.84 24.24 2.13 34.70 21.17 EBT 1759.75 10.70EBT 35.80 30.04 44.52 39.03 28.83 Adjusted PAT 1199.35 10.54Adjusted PAT 33.37 31.41 40.97 39.12 28.01 Reported PAT 1199.35 10.54Reported PAT 33.16 31.35 41.18 39.31 28.03 OPM(%)  31.64 34.01 NPM(%)  17.85 18.15 Capital Adequacy Ratio  16.50 16.90 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.C M Vasudev Chairman / Chair Person 2011 2582.5 411.25 133.89 21.32Mr.Ashim Samanta Director 2010 2518 1550 149.17 91.82Mrs.Renu Karnad Director 2009 1836 774 144.79 61.04 Key Executives (Top Three)Name DesignationMr.Sanjay Dongre Executive Vice President (Legal) & Co. Secreta GOLD SPONSORNA NANA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 16
  • 17. Industry Finance ‐ Housing Group HDFC Group HDFC Ltd 132726.99 Face Value 2 Capital Employed RANK: 11 No. Of Equity Share 14668.87 Price 641 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 94027.46 15071.16 22.22 203040.65 In US $ million 1827.20 292.87 22.22 3945.60 RANK in 50 Stocks 11 28 17 6 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 12852.93 11338.28 10994.79 8176.35 5875.50 Promoter 0 0Other Income 25.14 22.55 22.87 19.71 20.76 FII 1077295673 73.18Operating Profit 12469.33 11005.15 10692.75 7907.19 5660.49 Mutual Funds and UTI 39243619 2.67EBITDA 12450.13 10986.95 10675.29 7890.59 5643.03 Banks and Insurance 168179924 11.42EBT 4908.26 3924.35 3004.58 2706.06 1969.76 Other Investors 40331318 2.74Adjusted PAT 3575.61 2834.20 2068.08 1768.20 1571.79 General Public 147165426 10Reported PAT 3534.96 2826.49 2282.54 2436.25 1570.38 GRAND TOTAL 1472215960 100Net Worth 17316.51 15197.65 13137.39 11947.34 5551.38 Valuation RatioEnterprise Value 203040.65 144957.75 138924.69 131699.75 113911.35 Annual TTMCapital Employed 132726.99 111762.97 96993.47 81098.56 62744.42 P/E 26.60 24.44Cash & Balances with RBI  547.55 524.46 493.85 488.57 493.10 P/B 5.43 NAAdvances   4.57 0.00 0.00 40.40 16.02 P/S 7.32 6.24Investment 11832.39 10727.45 10468.75 6915.01 3666.23 EV/EBITDA 16.28 NA Dividend Yield 1.40 NAEPS (Rs.)  24.10 98.45 80.24 85.77 62.07Cash EPS (Rs.)  24.23 99.08 80.86 86.36 62.76 Latest Result (TTM)Dividend Per Share (Rs.) 9.00 36.00 30.00 25.00 22.00 TTM End September  11 Growth(%)Book Value (Rs.)  118.05 529.34 461.85 420.63 219.42 Net Sales 15071.16 8.64Sales Per Share (Rs.)  87.62 394.91 386.52 287.86 232.23 Other Income 25.48 1.96Free Reserves Per Share (Rs.) 78.06 355.11 329.46 310.06 119.16 Personnel Expenses  14628.37 8.75 EBIDTA 14608.30 8.76 Ratio Analysis EBT 5280.06 4.02Capital Adequacy Ratio  97.02 97.06 97.25 96.71 96.34 Adjusted PAT 3848.06 4.43EBIDTAM(%) 96.87 96.90 97.09 96.51 96.04 Reported PAT 3848.06 4.43APATM(%) 27.82 25.00 18.81 21.63 26.75 OPM(%)  97.06 96.96Fund based income(%) 27.97 25.16 18.97 21.83 27.05 NPM(%)  96.93 96.82Fee based income(%) 2.66 2.53 2.35 3.00 2.50 Capital Adequacy Ratio  25.53 26.56Yield on Fund Advances  43.43 42.64 43.55 34.10 41.46 Latest Result (Half Yearly)Break‐Even Yield Ratio  6.66 6.35 6.38 5.79 10.30 Half Year End September  11 Growth(%)Cost of Funds Ratio  23.71 21.79 22.36 16.83 11.98 Net Sales 7980.86 12.56Borrowings within India(%) 10.78 7.09 7.56 14.12 10.37 Other Income 9.88 (36.67)Borrowings from outside(%) 18.61 21.61 19.25 22.84 21.36 Personnel Expenses  7727.96 11.99Deposits within India(%) 0.00 0.00 0.00 0.00 0.00 EBIDTA 7718.67 12.03Deposits Outside India(%) 1.65 1.56 1.39 1.53 1.54 EBT 2513.23 (9.17)Net Profit Per Branch  0.09 0.20 0.16 0.21 0.49 Adjusted PAT 1815.23 (10.70)Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 1815.23 (10.70) OPM(%)  96.83 97.32 NPM(%)  96.71 97.17 Rate of Growth Capital Adequacy Ratio  22.74 28.67 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 13.36 3.12 34.47 39.16 16.95 Net Sales 4163.93 9.09Other Income 11.49 (1.40) 16.03 (5.06) 3.90 Other Income 5.21 11.56Total Operating Expenses 14.92 9.47 12.48 22.52 11.63 Personnel Expenses  4033.04 9.15Personnel Expenses  13.30 2.92 35.23 39.69 17.11 EBIDTA 4028.21 9.15EBIDTA 13.32 2.92 35.29 39.83 17.15 EBT 1337.70 13.80EBT 25.07 30.61 11.03 37.38 20.03 Adjusted PAT 970.70 14.94Adjusted PAT 26.16 37.04 16.96 12.50 17.87 Reported PAT 970.70 14.94Reported PAT 25.07 23.83 (6.31) 55.14 17.62 OPM(%)  96.86 96.80 NPM(%)  96.74 96.69 Capital Adequacy Ratio  23.31 22.13 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Deepak S Parekh Chairman / Chair Person 2011 738.45 582.25 28.15 22.2Mr.Shirish B Patel Director 2010 3139 595.95 130.25 24.73Mr.D M Sukthankar Director 2009 2875 1116.1 29.20 11.34 Key Executives (Top Three)Name DesignationMr.Girish V Koliyote Company Secretary & Compliance Officer GOLD SPONSORMs.Mala I Bhojwani General ManagerMr.K Suresh Kumar General Manager WWW.SWASTIKBUSINESSANALYTICS.COM Page: 17
  • 18. Industry Computers ‐ Software Group Wipro Group Wipro Ltd 26065 Face Value 2 Capital Employed RANK: 12 No. Of Equity Share 24544.09 Price 378.15 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 92813.48 28917.90 22.66 92354.28 In US $ million 1803.60 561.95 22.66 1794.68 RANK in 50 Stocks 12 17 16 13 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 26300.50 22922.00 21507.30 17492.60 13683.90 Promoter 1945693763 79.17Other Income 662.30 434.20 468.20 326.90 288.70 FII 124831467 5.08Operating Profit 6423.20 5935.70 5226.90 4042.50 3543.20 Mutual Funds and UTI 31838144 1.3EBITDA 5823.10 5356.10 4693.30 3586.50 3183.40 Banks and Insurance 70150412 2.85EBT 5764.50 5256.30 4496.50 3469.70 3176.20 Other Investors 148874372 6.06Adjusted PAT 4902.70 4465.50 3922.40 3063.30 2842.10 General Public 136153353 5.54Reported PAT 4843.70 4898.00 2973.80 3063.30 2842.10 GRAND TOTAL 2457541511 100Net Worth 21320.90 17692.20 12515.00 11610.70 9320.40 Valuation RatioEnterprise Value 92354.28 79211.69 66089.35 52675.07 79728.05 Annual TTMCapital Employed 26065.00 23222.40 17528.90 15433.10 9558.40 P/E 21.33 19.21Cash & Balances with RBI  7779.30 6761.30 5743.30 2282.20 1645.90 P/B 4.35 NAAdvances   603.10 991.10 1311.80 1335.00 989.50 P/S 3.53 3.21Investment 10813.40 8966.50 6895.30 4500.10 4348.70 EV/EBITDA 14.38 NA Dividend Yield 1.06 NAEPS (Rs.)  17.73 33.36 20.30 20.96 19.48Cash EPS (Rs.)  20.18 37.31 23.94 24.08 21.95 Latest Result (TTM)Dividend Per Share (Rs.) 4.00 6.00 4.00 6.00 6.00 TTM End September  11 Growth(%)Book Value (Rs.)  86.88 120.52 85.43 79.44 63.88 Net Sales 28917.90 4.51Sales Per Share (Rs.)  107.16 156.12 146.81 119.69 93.79 Other Income 792.00 9.68Free Reserves Per Share (Rs.) 84.28 116.54 81.06 0.00 0.00 Personnel Expenses  6894.00 3.32 EBIDTA 6204.10 2.81 Ratio Analysis EBT 5833.30 (1.05)Capital Adequacy Ratio  24.42 25.90 24.30 23.11 25.89 Adjusted PAT 4831.20 (2.45)EBIDTAM(%) 22.14 23.37 21.82 20.50 23.26 Reported PAT 4831.20 (2.45)APATM(%) 18.64 19.48 18.24 17.51 20.77 OPM(%)  23.84 24.11Fund based income(%) 20.92 22.01 20.72 20.12 23.40 NPM(%)  21.45 21.81Fee based income(%) 18.58 21.09 16.97 19.85 29.73 Capital Adequacy Ratio  16.71 17.90Yield on Fund Advances  27.61 20.60 23.05 33.47 35.20 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.22 0.31 0.40 0.33 0.02 Half Year End September  11 Growth(%)Cost of Funds Ratio  3.45 3.47 3.85 7.81 8.31 Net Sales 15116.10 9.52Borrowings within India(%) 1.45 1.33 1.10 2.54 1.68 Other Income 417.10 11.26Borrowings from outside(%) 2.20 2.26 1.76 2.44 1.61 Personnel Expenses  3471.90 1.46Deposits within India(%) 43.12 45.40 56.15 39.41 57.23 EBIDTA 3106.70 0.30Deposits Outside India(%) 109.61 59.48 26.56 34.61 492.11 EBT 2798.00 (7.82)Net Profit Per Branch  69.87 73.26 77.28 73.66 80.05 Adjusted PAT 2269.90 (11.38)Deposits Per Branch  35.34 36.83 45.00 0.00 0.00 Reported PAT 2269.90 (11.38) OPM(%)  22.97 24.79 NPM(%)  20.55 22.44 Rate of Growth Capital Adequacy Ratio  15.02 18.56 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 14.74 6.58 22.95 27.83 13.96 Net Sales 7804.80 6.75Other Income 52.53 (7.26) 43.22 13.23 18.07 Other Income 206.70 (1.76)Total Operating Expenses 17.90 4.01 21.57 32.10 14.52 Personnel Expenses  1721.10 (1.70)Personnel Expenses  8.21 13.56 29.30 14.09 12.63 EBIDTA 1529.90 (2.97)EBIDTA 8.72 14.12 30.86 12.66 12.84 EBT 1300.10 (13.21)EBT 9.67 16.90 29.59 9.24 12.66 Adjusted PAT 1050.60 (13.84)Adjusted PAT 9.79 13.85 28.04 7.78 11.52 Reported PAT 1050.60 (13.84)Reported PAT (1.11) 64.71 (2.92) 7.78 11.25 OPM(%)  22.05 23.95 NPM(%)  19.60 21.57 Capital Adequacy Ratio  13.46 16.68 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Azim H Premji Chairman / Chair Person 2011 494.95 310.2 25.15 15.76Mr.B C Prabhakar Director 2010 753 327.85 42.47 18.49Mr.Narayan Vaghul Director 2009 699 195 20.95 5.85 Key Executives (Top Three)Name DesignationMr.T K Kurien CEO ‐ IT Business GOLD SPONSORMr.L K Badiga Chief Information OfficerMr.V Suresh Chief Marketing Officer WWW.SWASTIKBUSINESSANALYTICS.COM Page: 18
  • 19. Industry Personal Care Group MNC Associate Hindustan Unilever Ltd 2633.25 Face Value 1 Capital Employed RANK: 13 No. Of Equity Share 21594.72 Price 396.1 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 85536.69 21285.16 86.31 83896.68 In US $ million 1662.20 413.63 86.31 1630.33 RANK in 50 Stocks 13 24 1 14 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 December  07 December  06 Shares (%)Net Sales 19689.91 17769.12 20504.28 13880.56 12244.02 Promoter 1134849460 52.52Other Income 254.81 144.36 174.94 180.42 166.53 FII 381954636 17.68Operating Profit 2919.30 2942.06 3139.89 2256.84 1972.21 Mutual Funds and UTI 66988000 3.1EBITDA 2698.47 2758.03 2944.59 2118.48 1842.05 Banks and Insurance 194566621 9EBT 2698.23 2751.05 2919.26 2092.99 1831.32 Other Investors 69546604 3.22Adjusted PAT 2124.36 2102.69 2346.32 1675.85 1509.52 General Public 313054396 14.49Reported PAT 2305.97 2202.03 2500.71 1769.06 1855.37 GRAND TOTAL 2160959717 100Net Worth 2633.25 2582.85 2060.83 1438.58 2722.81 Valuation RatioEnterprise Value 83896.68 56882.44 54961.70 47465.24 43393.96 Annual TTMCapital Employed 2633.25 2582.85 2482.79 1527.10 2795.42 P/E 37.09 33.91Cash & Balances with RBI  3759.62 3581.96 2881.73 2669.08 2462.69 P/B 32.47 NAAdvances   299.08 273.96 472.07 185.64 110.26 P/S 4.34 4.02Investment 1260.68 1264.08 332.62 1440.81 2522.22 EV/EBITDA 28.74 NA Dividend Yield 1.64 NAEPS (Rs.)  10.68 10.09 11.47 8.12 8.41Cash EPS (Rs.)  11.70 10.94 12.37 8.76 9.00 Latest Result (TTM)Dividend Per Share (Rs.) 6.50 6.50 7.50 9.00 6.00 TTM End September  11 Growth(%)Book Value (Rs.)  12.20 11.84 9.46 6.61 12.34 Net Sales 21285.16 4.14Sales Per Share (Rs.)  91.18 81.45 94.06 63.75 55.48 Other Income 261.27 0.33Free Reserves Per Share (Rs.) 11.04 10.70 8.30 5.45 11.20 Personnel Expenses  3214.70 5.95 EBIDTA 2989.44 6.37 Ratio Analysis EBT 2988.80 6.35Capital Adequacy Ratio  14.83 16.56 15.31 16.26 16.11 Adjusted PAT 2272.68 5.52EBIDTAM(%) 13.70 15.52 14.36 15.26 15.04 Reported PAT 2522.74 5.12APATM(%) 10.79 11.83 11.44 12.07 12.33 OPM(%)  15.10 14.84Fund based income(%) 11.91 12.87 12.40 13.07 13.39 NPM(%)  14.04 13.75Fee based income(%) 87.57 85.26 100.72 115.84 66.37 Capital Adequacy Ratio  10.68 10.54Yield on Fund Advances  71.20 75.20 76.47 131.80 81.45 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.00 0.00 0.20 0.06 0.02 Half Year End September  11 Growth(%)Cost of Funds Ratio  5.63 5.35 7.81 5.64 5.35 Net Sales 11189.84 10.85Borrowings within India(%) 0.85 0.83 0.92 0.67 0.72 Other Income 128.27 (3.55)Borrowings from outside(%) 0.43 0.45 0.51 0.24 0.33 Personnel Expenses  1709.22 13.61Deposits within India(%) 7.91 8.99 9.26 8.20 9.27 EBIDTA 1595.92 14.61Deposits Outside India(%) 12163.75 421.50 123.99 88.52 183.74 EBT 1595.36 14.57Net Profit Per Branch  7.25 7.31 9.47 10.68 11.72 Adjusted PAT 1212.91 14.56Deposits Per Branch  19.20 18.61 21.65 16.67 16.89 Reported PAT 1316.08 9.07 OPM(%)  15.27 14.90 NPM(%)  14.26 13.79 Rate of Growth Capital Adequacy Ratio  10.84 10.49 Latest Result (Quarterly) March  11 March  10 March  09 December  07 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 10.81 (13.34) 47.72 13.37 9.97 Net Sales 5610.48 0.54Other Income 76.51 (17.48) (3.04) 8.34 8.88 Other Income 77.67 53.50Total Operating Expenses 13.72 (14.64) 48.59 13.08 10.28 Personnel Expenses  904.35 12.22Personnel Expenses  (0.77) (6.30) 39.13 14.43 8.16 EBIDTA 847.25 13.02EBIDTA (2.16) (6.34) 39.00 15.01 7.94 EBT 846.71 12.95EBT (1.92) (5.76) 39.48 14.29 8.06 Adjusted PAT 644.50 13.19Adjusted PAT 1.03 (10.38) 40.01 11.02 7.07 Reported PAT 688.92 9.85Reported PAT 4.72 (11.94) 41.36 (4.65) 4.44 OPM(%)  16.12 14.44 NPM(%)  15.10 13.43 Capital Adequacy Ratio  11.49 10.20 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Harish Manwani Chairman / Chair Person 2011 402.9 264.5 34.49 22.64Mr.Gopal Vittal Executive Director 2010 320.7 218.1 30.03 20.42Mr.Pradeep Banerjee Executive Director 2009 306 210.7 30.33 20.88 Key Executives (Top Three)Name DesignationMr.Dev Bajpai Company Secretary & Compliance Officer GOLD SPONSORNA NANA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 19
  • 20. Industry Finance ‐ Banks ‐ Private Sector Group ICICI Group ICICI Bank Ltd 406233.67 Face Value 10 Capital Employed RANK: 14 No. Of Equity Share 11518.20 Price 714.15 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 82257.23 29628.55 0.76 173707.78 In US $ million 1598.47 575.76 0.76 3375.59 RANK in 50 Stocks 14 16 44 7 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 32369.69 32747.36 38250.39 39467.92 28457.13 Promoter 0 0Other Income 7.26 305.36 330.64 65.58 309.17 FII 441091420 38.28Operating Profit 7380.82 5552.30 5407.92 5706.86 3793.56 Mutual Funds and UTI 88337750 7.67EBITDA 7388.08 5857.66 5738.56 5772.44 4102.73 Banks and Insurance 201283703 17.47EBT 6719.53 5491.25 5571.13 5703.86 3979.25 Other Investors 359225600 31.17Adjusted PAT 5110.20 3890.47 3740.62 4092.13 2995.00 General Public 62473606 5.42Reported PAT 5151.38 4024.98 3758.13 4157.73 3110.22 GRAND TOTAL 1152412079 100Net Worth 757376.41 675181.06 708718.90 752769.94 664652.97 Valuation RatioEnterprise Value 173707.78 185167.29 149929.93 167703.62 148554.51 Annual TTMCapital Employed 406233.67 363399.72 379300.96 399795.07 344658.12 P/E 15.97 14.37Cash & Balances with RBI  20906.97 27514.29 17536.33 29377.53 18706.88 P/B 1.49 NAAdvances   205082.96 170423.30 208090.41 215060.94 188614.01 P/S 2.54 2.78Investment 134685.96 120892.80 103058.31 111454.34 91257.84 EV/EBITDA 23.54 NA Dividend Yield 1.96 NAEPS (Rs.)  44.72 34.94 32.63 36.10 27.00Cash EPS (Rs.)  50.51 38.12 34.08 36.69 28.07 Latest Result (TTM)Dividend Per Share (Rs.) 14.00 11.62 10.63 10.66 7.82 TTM End September  11 Growth(%)Book Value (Rs.)  478.29 448.15 430.04 403.45 211.09 Net Sales 29628.55 6.65Sales Per Share (Rs.)  281.03 284.31 332.09 342.66 247.06 Other Income 6771.90 2.44Free Reserves Per Share (Rs.) 468.29 438.47 420.38 393.79 203.28 Personnel Expenses  3192.64 7.34 EBIDTA 9235.32 1.56 Ratio Analysis EBT 7614.79 6.49Capital Adequacy Ratio  19.54 19.41 15.53 13.97 11.69 Adjusted PAT 5724.52 4.89EBIDTAM(%) 22.82 17.89 15.00 14.63 14.42 Reported PAT 5724.52 4.89APATM(%) 15.79 11.88 9.78 10.37 10.52 OPM(%)  31.17 32.73Fund based income(%) 82.82 84.64 85.52 85.78 85.00 NPM(%)  19.32 19.65Fee based income(%) 17.17 15.35 14.47 14.21 14.99 Capital Adequacy Ratio  19.52 19.83Yield on Fund Advances  8.00 10.19 10.72 10.50 8.53 Latest Result (Half Yearly)Break‐Even Yield Ratio  8.26 10.32 10.92 10.91 8.67 Half Year End September  11 Growth(%)Cost of Funds Ratio  5.05 5.93 7.95 7.57 5.80 Net Sales 15776.14 13.89Borrowings within India(%) 37.43 40.71 15.13 16.73 26.17 Other Income 3382.44 (0.21)Borrowings from outside(%) 62.56 59.28 84.86 83.26 73.82 Personnel Expenses  1575.55 (2.57)Deposits within India(%) 94.93 95.12 95.18 97.05 96.17 EBIDTA 4587.78 (1.29)Deposits Outside India(%) 5.06 4.87 4.81 2.94 3.82 EBT 3815.13 0.41Net Profit Per Branch  2.02 1.95 2.64 3.24 3.97 Adjusted PAT 2835.39 (1.86)Deposits Per Branch  89.21 101.01 153.87 193.69 305.31 Reported PAT 2835.39 (1.86) OPM(%)  29.08 33.55 NPM(%)  17.97 20.86 Rate of Growth Capital Adequacy Ratio  0.00 0.00 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales (1.15) (14.39) (3.08) 38.69 2.61 Net Sales 8157.62 7.08Other Income (97.62) (7.65) 404.18 (78.79) (52.78) Other Income 1739.55 5.88Total Operating Expenses (8.11) (17.20) (2.72) 36.89 0.26 Personnel Expenses  842.70 14.99Personnel Expenses  46.27 (2.33) (5.16) 28.59 11.74 EBIDTA 2353.75 5.36EBIDTA 26.13 2.08 (0.59) 40.70 12.48 EBT 2034.96 14.31EBT 22.37 (1.43) (2.33) 43.34 11.05 Adjusted PAT 1503.19 12.84Adjusted PAT 31.35 4.01 (8.59) 36.63 11.28 Reported PAT 1503.19 12.84Reported PAT 27.99 7.10 (9.61) 33.68 10.62 OPM(%)  28.85 29.32 NPM(%)  18.43 17.49 Capital Adequacy Ratio  18.99 19.57 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.K V Kamath Chairman / Chair Person 2011 1158 706.05 23.3 14.21Mr.Homi Khusrokhan Director 2010 1277 773 28.56 17.29Mr.M S Ramachandran Director 2009 983.7 252.75 28.15 7.23 Key Executives (Top Three)Name DesignationMr.Sandeep Batra Group Co. Secretary & Compl. Officer GOLD SPONSORMr.Vijay Chandok PresidentMr.Zarin Daruwala President WWW.SWASTIKBUSINESSANALYTICS.COM Page: 20
  • 21. Industry Diversified Group L & T Group Larsen & Toubro Ltd 28985.24 Face Value 2 Capital Employed RANK: 15 No. Of Equity Share 6088.52 Price 1268.8 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 77251.14 47525.14 17.45 82681.90 In US $ million 1501.19 923.54 17.45 1606.72 RANK in 50 Stocks 15 7 20 16 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 43656.71 36870.19 33856.54 24946.11 17645.29 Promoter 0 0Other Income 1199.05 974.59 748.80 477.10 458.56 FII 97404070 15.94Operating Profit 7077.62 6058.17 4890.82 3716.33 2491.69 Mutual Funds and UTI 71794079 11.75EBITDA 6478.40 5643.57 4584.83 3504.73 2331.56 Banks and Insurance 149720156 24.5EBT 5279.17 4648.20 3814.83 3002.90 2000.10 Other Investors 149047598 24.39Adjusted PAT 3420.70 3071.18 2638.64 2020.85 1398.23 General Public 143195194 23.43Reported PAT 3957.89 4375.52 3481.66 2173.42 1403.02 GRAND TOTAL 611161097 100Net Worth 21824.13 18288.35 12435.10 9529.18 5740.50 Valuation RatioEnterprise Value 82681.90 113252.19 74804.07 76724.42 86600.56 Annual TTMCapital Employed 28985.24 25089.18 18991.13 13113.17 7818.25 P/E 19.52 18.97Cash & Balances with RBI  8897.02 7235.78 5575.00 4188.91 2876.30 P/B 3.54 NAAdvances   785.00 857.66 1040.99 699.00 471.22 P/S 1.77 1.63Investment 14684.82 13705.35 8263.72 6922.26 3104.44 EV/EBITDA 11.68 NA Dividend Yield 1.14 NAEPS (Rs.)  65.01 72.66 59.45 74.35 49.53Cash EPS (Rs.)  74.85 79.54 64.67 81.59 55.18 Latest Result (TTM)Dividend Per Share (Rs.) 14.50 12.50 10.50 17.00 13.00 TTM End September  11 Growth(%)Book Value (Rs.)  358.81 304.08 212.73 326.84 203.65 Net Sales 47525.14 4.20Sales Per Share (Rs.)  717.03 612.26 578.06 853.36 622.91 Other Income 1276.35 (1.47)Free Reserves Per Share (Rs.) 347.12 294.74 205.21 319.09 197.15 Personnel Expenses  7155.62 2.13 EBIDTA 6453.01 1.57 Ratio Analysis EBT 5782.86 1.68Capital Adequacy Ratio  16.21 16.43 14.45 14.90 14.12 Adjusted PAT 3809.21 2.81EBIDTAM(%) 14.84 15.31 13.54 14.05 13.21 Reported PAT 4071.28 0.83APATM(%) 7.84 8.33 7.79 8.10 7.92 OPM(%)  15.06 15.36Fund based income(%) 9.21 9.45 8.70 8.95 8.83 NPM(%)  13.58 13.93Fee based income(%) 13.65 17.44 18.33 16.57 17.95 Capital Adequacy Ratio  8.02 8.12Yield on Fund Advances  25.15 19.72 20.58 26.29 30.04 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.33 0.37 0.52 0.37 0.36 Half Year End September  11 Growth(%)Cost of Funds Ratio  5.03 5.20 6.23 6.09 6.21 Net Sales 20727.85 (22.65)Borrowings within India(%) 1.20 1.19 1.22 1.09 1.16 Other Income 659.34 6.86Borrowings from outside(%) 1.18 1.15 0.96 0.86 0.93 Personnel Expenses  2955.91 (29.57)Deposits within India(%) 29.73 28.73 6.01 6.00 6.11 EBIDTA 2617.15 (31.72)Deposits Outside India(%) 5.90 6.09 6.35 7.41 7.52 EBT 2262.85 (35.73)Net Profit Per Branch  14.58 18.62 21.70 22.67 21.36 Adjusted PAT 1544.54 (31.83)Deposits Per Branch  36.78 54.43 44.34 39.78 49.28 Reported PAT 1544.54 (38.87) OPM(%)  14.26 15.66 NPM(%)  12.63 14.30 Rate of Growth Capital Adequacy Ratio  7.45 8.45 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 18.41 8.90 35.72 41.38 19.86 Net Sales 11245.24 18.59Other Income 23.03 30.15 56.95 4.04 21.20 Other Income 363.17 22.62Total Operating Expenses 18.85 6.97 36.89 39.04 19.33 Personnel Expenses  1537.22 8.05Personnel Expenses  16.83 23.87 31.60 49.15 23.22 EBIDTA 1366.32 8.89EBIDTA 14.79 23.09 30.82 50.32 22.68 EBT 1169.31 6.93EBT 13.57 21.85 27.04 50.14 21.42 Adjusted PAT 798.39 7.00Adjusted PAT 11.38 16.39 30.57 44.53 19.59 Reported PAT 798.39 7.00Reported PAT (9.54) 25.67 60.19 54.91 23.05 OPM(%)  13.67 15.00 NPM(%)  12.15 13.23 Capital Adequacy Ratio  7.10 7.87 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.R Shankar Raman CFO & Wholetime Director 2011 1998.1 1175 29.88 17.57Mr.A M Naik Chairman and Managing director 2010 2212 1371 34.03 21.09Mr.N Mohan Raj Nominee Director 2009 1800 557 24.77 7.67 Key Executives (Top Three)Name DesignationMr.N Hariharan Company Secretary & Compliance Officer GOLD SPONSORMr.S N Subrahmanyan Sr. Vice PresidentMr.R Shankar Raman Sr. Vice President WWW.SWASTIKBUSINESSANALYTICS.COM Page: 21
  • 22. Industry Oil Drilling And Exploration Group Not Applicable Cairn India Ltd 33164.56 Face Value 10 Capital Employed RANK: 16 No. Of Equity Share 19019.17 Price 301.15 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 57276.23 4.29 (0.44) 58573.95 In US $ million 1113.02 0.08 (0.44) 1138.24 RANK in 50 Stocks 16 50 48 19 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 December  07 December  06 Shares (%)Net Sales 2.39 3.20 3.73 1.27 0.00 Promoter 991323584 52.1Other Income 92.21 148.74 154.17 29.93 5.91 FII 126217995 6.63Operating Profit (26.45) (18.45) 11.22 (49.51) (29.05) Mutual Funds and UTI 40652135 2.14EBITDA (26.48) (18.50) (9.66) (49.51) (29.05) Banks and Insurance 105167296 5.53EBT (213.17) (84.78) (10.01) (49.53) (29.22) Other Investors 591762928 31.1Adjusted PAT (213.17) (89.18) (67.84) (81.58) (29.22) General Public 47458439 2.49Reported PAT (212.67) (68.95) 54.24 (78.82) (29.22) GRAND TOTAL 1902582377 100Net Worth 31814.57 31936.74 31990.80 29373.48 29272.38 Valuation RatioEnterprise Value 58573.95 59771.37 42094.89 38292.60 26781.06 Annual TTMCapital Employed 33164.56 33281.74 31990.80 29373.48 29292.85 P/E NA NACash & Balances with RBI  2.59 0.11 0.06 0.00 0.00 P/B 1.80 NAAdvances   21.88 24.21 54.03 0.00 0.00 P/S 30115.00 13351.10Investment 32568.25 33129.09 29225.40 29413.73 26681.87 EV/EBITDA NA NA Dividend Yield 0.00 NAEPS (Rs.)  (1.12) (0.36) 0.28 (0.44) (0.16)Cash EPS (Rs.)  (1.12) (0.36) 0.39 (0.44) (0.16) Latest Result (TTM)Dividend Per Share (Rs.) 0.00 0.00 0.00 0.00 0.00 TTM End September  11 Growth(%)Book Value (Rs.)  167.28 168.36 168.67 165.17 165.82 Net Sales 4.29 141.01Sales Per Share (Rs.)  0.01 0.01 0.01 0.01 0.00 Other Income 102.35 (1.40)Free Reserves Per Share (Rs.) 156.97 158.11 158.46 154.64 155.62 Personnel Expenses  (5.58) (36.66) EBIDTA (5.62) (36.43) Ratio Analysis EBT (133.68) (28.18)Capital Adequacy Ratio  (1106.69) (576.56) 300.80 (3898.43) NA Adjusted PAT (138.49) (25.63)EBIDTAM(%) (1107.95) (578.13) (258.98) (3898.43) NA Reported PAT (138.49) (25.63)APATM(%) (8919.25) (2786.88) (1818.77) (6423.62) NA OPM(%)  (130.07) (494.94)Fund based income(%) (8917.99) (2785.31) (1258.98) (6423.62) NA NPM(%)  (131.00) (496.63)Fee based income(%) (0.64) (0.21) 0.17 (0.27) (0.10) Capital Adequacy Ratio  (3228.21) (10461.24)Yield on Fund Advances  0.00 0.00 0.00 0.00 0.00 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.04 0.04 0.00 0.00 0.00 Half Year End September  11 Growth(%)Cost of Funds Ratio  0.96 1001.25 0.00 0.00 0.00 Net Sales 3.76 609.43Borrowings within India(%) 4.38 1.85 20.48 0.15 1.77 Other Income 51.01 (0.51)Borrowings from outside(%) 4.37 1.84 20.48 0.15 1.78 Personnel Expenses  17.91 (176.18)Deposits within India(%) 0.83 3.26 0.00 0.00 0.00 EBIDTA 17.89 (176.06)Deposits Outside India(%) (0.14) (0.27) 32.55 (2371.18) (169.46) EBT (39.81) (57.59)Net Profit Per Branch  100.00 100.02 100.66 99.99 0.00 Adjusted PAT (44.61) (52.48)Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT (44.61) (52.48) OPM(%)  476.33 (4435.85) NPM(%)  475.80 (4437.74) Rate of Growth Capital Adequacy Ratio  (1186.44) (17713.21) Latest Result (Quarterly) March  11 March  10 March  09 December  07 5 Year CAGR Quarter End September  11 Growth(%)Net Sales (25.31) (14.21) 193.70 NA NA Net Sales 3.21 483.64Other Income (38.01) (3.52) 415.10 406.43 73.24 Other Income 23.71 (13.12)Total Operating Expenses (28.96) 16.16 81.74 130.86 28.20 Personnel Expenses  5.43 (56.53)Personnel Expenses  (43.36) (264.44) 122.66 (70.43) (1.86) EBIDTA 5.42 (56.57)EBIDTA (43.14) (91.51) 80.49 (70.43) (1.84) EBT (23.56) 45.07EBT (151.44) (746.95) 79.79 (69.51) 48.80 Adjusted PAT (28.30) 73.51Adjusted PAT (139.03) (31.46) 16.84 (179.19) 48.80 Reported PAT (28.30) 73.51Reported PAT (208.44) (227.12) 168.82 (169.75) 48.73 OPM(%)  169.16 2270.91 NPM(%)  168.85 2269.09 Capital Adequacy Ratio  (881.62) (2965.45) Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.William B B Gammell Chairman / Chair Person 2011 372 250 NA NAMr.Edward T Story Director 2010 368 248 NA NAMr.Jann Brown Director 2009 301.45 142.5 NA NA Key Executives (Top Three)Name DesignationMs.Neerja Sharma Co. Secretary & Compl. Officer GOLD SPONSORMr.Rahul Dhir Managing Director & CEONA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 22
  • 23. Industry Pharmaceuticals Group Not ApplicableSun Pharmaceuticals Industries Ltd 6731.06 Face Value 1 Capital Employed RANK: 17 No. Of Equity Share 10355.82 Price 523.4 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 54202.36 3374.49 23.59 54230.74 In US $ million 1053.29 65.58 23.59 1053.84 RANK in 50 Stocks 17 47 12 20 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 1933.39 1845.09 2774.65 2368.51 1662.56 Promoter 659828200 63.72Other Income 1325.52 798.35 1249.85 901.30 693.26 FII 196121067 18.94Operating Profit 1478.41 1049.87 1330.67 1099.84 638.61 Mutual Funds and UTI 24890367 2.4EBITDA 1414.18 980.40 1271.81 1043.73 592.34 Banks and Insurance 42811238 4.13EBT 1413.59 979.96 1269.04 1038.67 583.54 Other Investors 55802517 5.39Adjusted PAT 1343.37 929.45 1238.92 1000.51 571.93 General Public 56128566 5.42Reported PAT 1383.80 898.65 1265.29 1014.04 628.93 GRAND TOTAL 1035581955 100Net Worth 6680.53 5717.98 5151.42 4207.62 2449.49 Valuation RatioEnterprise Value 54230.74 28861.32 25208.20 24366.39 20665.86 Annual TTMCapital Employed 6731.06 5747.47 5175.02 4310.14 3517.64 P/E 39.18 34.39Cash & Balances with RBI  1268.76 1159.76 1061.90 935.03 838.70 P/B 8.11 NAAdvances   228.06 92.15 75.95 33.43 31.91 P/S 28.03 16.06Investment 3601.42 3951.69 2694.59 1843.57 1057.49 EV/EBITDA 36.68 NA Dividend Yield 0.67 NAEPS (Rs.)  13.36 43.39 61.09 48.96 32.52Cash EPS (Rs.)  13.98 46.74 63.93 51.67 34.91 Latest Result (TTM)Dividend Per Share (Rs.) 3.50 13.75 13.75 10.50 6.75 TTM End September  11 Growth(%)Book Value (Rs.)  64.51 276.07 248.72 203.15 126.65 Net Sales 3374.49 4.03Sales Per Share (Rs.)  18.67 89.08 133.97 114.36 85.96 Other Income 78.66 2.77Free Reserves Per Share (Rs.) 63.11 269.08 241.72 196.16 119.51 Personnel Expenses  1555.68 5.52 EBIDTA 1485.93 5.36 Ratio Analysis EBT 1648.09 5.60Capital Adequacy Ratio  76.47 56.90 47.96 46.44 38.41 Adjusted PAT 1576.12 6.19EBIDTAM(%) 73.15 53.14 45.84 44.07 35.63 Reported PAT 1576.12 6.19APATM(%) 69.48 50.37 44.65 42.24 34.40 OPM(%)  46.10 45.45Fund based income(%) 72.80 54.14 46.77 44.61 37.18 NPM(%)  44.03 43.48Fee based income(%) 20.56 15.64 24.45 23.53 17.88 Capital Adequacy Ratio  46.71 45.76Yield on Fund Advances  30.44 36.95 26.33 25.11 23.57 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.01 0.01 0.00 0.02 0.43 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.58 1.65 2.73 2.66 2.09 Net Sales 1801.61 14.54Borrowings within India(%) 3.04 2.14 2.53 2.52 5.57 Other Income 51.89 93.84Borrowings from outside(%) 2.68 1.52 2.17 2.27 5.25 Personnel Expenses  855.83 22.29Deposits within India(%) 3.62 3.65 6.47 6.79 5.62 EBIDTA 820.11 23.17Deposits Outside India(%) 2505.78 2386.07 480.39 217.36 72.57 EBT 904.87 21.75Net Profit Per Branch  46.57 46.11 29.84 37.79 28.98 Adjusted PAT 860.75 20.32Deposits Per Branch  41.44 44.38 41.63 40.06 39.26 Reported PAT 860.75 20.32 OPM(%)  47.50 44.49 NPM(%)  45.52 42.33 Rate of Growth Capital Adequacy Ratio  47.78 45.48 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 4.79 (33.50) 17.15 42.46 3.06 Net Sales 938.65 8.77Other Income 66.03 (36.12) 38.67 30.01 13.84 Other Income 13.42 (65.12)Total Operating Expenses 11.73 (40.84) 24.14 26.37 0.73 Personnel Expenses  429.96 0.96Personnel Expenses  40.82 (21.10) 20.99 72.22 18.28 EBIDTA 411.83 0.87EBIDTA 44.25 (22.91) 21.85 76.20 19.01 EBT 455.40 1.32EBT 44.25 (22.78) 22.18 77.99 19.36 Adjusted PAT 437.55 3.39Adjusted PAT 44.53 (24.98) 23.83 74.94 18.62 Reported PAT 437.55 3.39Reported PAT 53.99 (28.98) 24.78 61.23 17.08 OPM(%)  45.81 49.35 NPM(%)  43.87 47.31 Capital Adequacy Ratio  46.61 49.04 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.S Kalyansundaram CFO & Wholetime Director 2011 538.45 392.05 35.38 25.76Mr.Dilip S Shanghvi Chairman and Managing director 2010 2380 424.2 178.14 31.75Mr.S Mohanchand Dadha Director 2009 1600 953 36.87 21.96 Key Executives (Top Three)Name DesignationMr.Sunil Ajmera Co. Secretary & Compl. Officer GOLD SPONSORNA NANA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 23
  • 24. Industry Oil Drilling And Exploration Group Public Sector GAIL (India) Ltd 21563.34 Face Value 10 Capital Employed RANK: 18 No. Of Equity Share 12684.77 Price 392.3 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 49762.35 35907.95 19.89 49941.00 In US $ million 967.01 697.78 19.89 970.48 RANK in 50 Stocks 18 12 18 25 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 32458.64 24991.65 23784.71 18012.74 16036.56 Promoter 727405675 57.34Other Income 504.01 541.10 796.26 555.25 544.98 FII 170327651 13.43Operating Profit 6032.81 5232.67 4918.79 4510.34 3533.99 Mutual Funds and UTI 46268148 3.65EBITDA 5382.52 4670.85 4358.88 3939.32 2958.61 Banks and Insurance 181439099 14.3EBT 5242.62 4585.67 4257.79 3845.07 2851.53 Other Investors 118555070 9.35Adjusted PAT 3563.76 3147.04 2857.47 2591.53 2038.50 General Public 24481757 1.93Reported PAT 3561.13 3139.84 2803.70 2601.46 2386.67 GRAND TOTAL 1268477400 100Net Worth 19253.34 16799.00 14769.63 13004.88 11392.91 Valuation RatioEnterprise Value 49941.00 54577.44 36930.41 27236.35 32668.44 Annual TTMCapital Employed 21563.34 18279.38 15969.76 14270.75 12730.76 P/E 13.98 12.99Cash & Balances with RBI  22144.38 21037.67 17603.98 16957.86 14932.56 P/B 2.58 NAAdvances   5879.17 2640.51 2426.33 816.66 1936.94 P/S 1.53 1.39Investment 2035.74 1763.01 1737.27 1490.88 1463.84 EV/EBITDA 8.28 NA Dividend Yield 1.91 NAEPS (Rs.)  28.07 24.75 22.10 30.76 28.22Cash EPS (Rs.)  33.20 29.18 26.52 37.52 35.03 Latest Result (TTM)Dividend Per Share (Rs.) 7.50 7.50 7.00 10.00 10.00 TTM End September  11 Growth(%)Book Value (Rs.)  151.78 132.43 116.44 153.79 134.72 Net Sales 35907.95 4.66Sales Per Share (Rs.)  255.89 197.02 187.51 213.00 189.64 Other Income 423.72 (7.40)Free Reserves Per Share (Rs.) 140.21 120.92 104.90 141.86 123.18 Personnel Expenses  6297.31 3.02 EBIDTA 5590.64 2.69 Ratio Analysis EBT 5496.65 2.53Capital Adequacy Ratio  18.59 20.94 20.68 25.04 22.04 Adjusted PAT 3829.78 4.67EBIDTAM(%) 16.58 18.69 18.33 21.87 18.45 Reported PAT 3829.78 4.67APATM(%) 10.98 12.59 12.01 14.39 12.71 OPM(%)  17.54 17.82Fund based income(%) 12.98 14.84 14.37 17.56 16.30 NPM(%)  15.57 15.87Fee based income(%) 16.51 17.18 17.56 18.23 18.75 Capital Adequacy Ratio  10.67 10.66Yield on Fund Advances  31.07 35.36 37.05 38.03 40.61 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.11 0.08 0.08 0.09 0.11 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.48 1.20 1.36 1.07 1.08 Net Sales 18615.40 7.65Borrowings within India(%) 1.12 1.16 1.29 1.40 1.32 Other Income 180.65 (25.68)Borrowings from outside(%) 1.04 1.09 1.21 1.31 1.21 Personnel Expenses  3433.41 19.89Deposits within India(%) 75.77 97.51 101.36 79.18 80.80 EBIDTA 3054.48 20.44Deposits Outside India(%) 43.12 61.43 48.66 47.85 33.00 EBT 3011.07 21.14Net Profit Per Branch  0.01 0.02 0.02 0.03 0.17 Adjusted PAT 2079.08 18.76Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 2079.08 18.76 OPM(%)  18.44 16.56 NPM(%)  16.41 14.67 Rate of Growth Capital Adequacy Ratio  11.17 10.12 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 29.88 5.07 32.04 12.32 15.14 Net Sales 9726.40 9.42Other Income (6.85) (32.04) 43.41 1.88 (1.55) Other Income 116.00 79.43Total Operating Expenses 32.66 3.24 39.87 7.74 15.60 Personnel Expenses  1791.54 9.12Personnel Expenses  15.29 6.38 9.06 27.63 11.29 EBIDTA 1590.78 8.68EBIDTA 15.24 7.16 10.65 33.15 12.71 EBT 1568.16 8.68EBT 14.33 7.70 10.73 34.84 12.95 Adjusted PAT 1094.41 11.14Adjusted PAT 13.24 10.13 10.26 27.13 11.82 Reported PAT 1094.41 11.14Reported PAT 13.42 11.99 7.77 9.00 8.33 OPM(%)  18.42 18.47 NPM(%)  16.36 16.47 Capital Adequacy Ratio  11.25 11.08 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.B C Tripathi Chairman and Managing director 2011 535.85 367 17.75 12.16Mr.Sudhir Bhargava Director 2010 520.4 382.55 18.54 13.63Mr.Mahesh Shah Director 2009 431.7 186.15 17.44 7.52 Key Executives (Top Three)Name DesignationMr.N K Nagpal Company Secretary GOLD SPONSORNA NANA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 24
  • 25. Industry Auto ‐ 2 & 3 Wheelers Group Bajaj Group Bajaj Auto Ltd 5235.37 Face Value 10 Capital Employed RANK: 19 No. Of Equity Share 2893.67 Price 1672.85 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 48406.76 18421.60 58.56 48575.42 In US $ million 940.67 357.98 58.56 943.95 RANK in 50 Stocks 19 25 3 26 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 16451.80 11813.25 8700.17 8827.15 9420.24 Promoter 144733332 50.02Other Income 408.16 151.12 163.90 250.40 357.93 FII 46086875 15.93Operating Profit 3660.67 2654.41 1258.29 1335.61 1687.35 Mutual Funds and UTI 8490757 2.93EBITDA 3537.83 2517.96 1128.50 1160.53 1496.70 Banks and Insurance 15598688 5.39EBT 3536.14 2511.98 1107.49 1155.37 1491.36 Other Investors 26905126 9.3Adjusted PAT 2525.12 1801.86 805.88 776.59 1001.27 General Public 47552242 16.43Reported PAT 3339.73 1702.73 656.48 755.95 1237.96 GRAND TOTAL 289367020 100Net Worth 4910.22 2928.34 1869.69 1587.59 5534.32 Valuation RatioEnterprise Value 48575.42 33606.60 17189.22 10218.74 1543.34 Annual TTMCapital Employed 5235.37 4266.92 3439.69 2921.93 7159.75 P/E 14.49 13.81Cash & Balances with RBI  3395.16 3379.25 3350.20 2994.68 3178.54 P/B 9.86 NAAdvances   149.34 120.84 106.48 34.74 107.62 P/S 2.94 2.63Investment 4795.20 4021.52 1808.52 1857.14 6447.53 EV/EBITDA 13.27 NA Dividend Yield 2.39 NAEPS (Rs.)  115.42 117.69 45.37 52.25 122.35Cash EPS (Rs.)  119.66 127.12 54.34 64.35 141.19 Latest Result (TTM)Dividend Per Share (Rs.) 40.00 40.00 22.00 20.00 40.00 TTM End September  11 Growth(%)Book Value (Rs.)  169.69 202.40 129.23 109.73 546.98 Net Sales 18421.60 5.29Sales Per Share (Rs.)  568.54 816.49 601.32 610.10 931.01 Other Income 348.00 (2.58)Free Reserves Per Share (Rs.) 158.97 190.09 106.56 99.73 535.16 Personnel Expenses  4027.03 3.89 EBIDTA 3895.90 3.77 Ratio Analysis EBT 3875.04 3.25Capital Adequacy Ratio  22.25 22.47 14.46 15.13 17.91 Adjusted PAT 2875.22 5.08EBIDTAM(%) 21.50 21.31 12.97 13.15 15.89 Reported PAT 3504.36 1.26APATM(%) 15.35 15.25 9.26 8.80 10.63 OPM(%)  21.86 22.15Fund based income(%) 16.10 16.41 10.75 10.78 12.65 NPM(%)  21.15 21.46Fee based income(%) 63.79 39.91 19.09 25.87 17.29 Capital Adequacy Ratio  15.61 15.64Yield on Fund Advances  40.27 39.63 56.72 44.78 38.24 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.06 0.45 0.83 0.84 0.29 Half Year End September  11 Growth(%)Cost of Funds Ratio  4.85 3.50 2.60 2.95 2.96 Net Sales 10044.55 19.91Borrowings within India(%) 0.79 0.69 0.84 0.88 0.84 Other Income 147.57 (26.37)Borrowings from outside(%) 0.70 0.55 0.73 0.64 0.75 Personnel Expenses  2115.78 10.70Deposits within India(%) 32.80 28.87 28.64 29.33 36.88 EBIDTA 2045.72 17.04Deposits Outside India(%) 2166.08 443.88 59.89 258.84 315.98 EBT 2025.27 15.90Net Profit Per Branch  27.74 27.67 30.82 23.53 18.36 Adjusted PAT 1532.27 23.50Deposits Per Branch  4.06 3.59 2.35 2.37 5.56 Reported PAT 1436.86 (30.50) OPM(%)  21.06 22.82 NPM(%)  20.37 20.87 Rate of Growth Capital Adequacy Ratio  15.25 14.81 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 39.27 35.78 (1.44) (6.30) 11.80 Net Sales 5267.26 10.26Other Income 170.09 (7.80) (34.54) (30.04) 2.66 Other Income 74.48 1.90Total Operating Expenses 41.78 22.41 (1.76) (4.31) 10.28 Personnel Expenses  1131.85 15.03Personnel Expenses  37.91 110.95 (5.79) (20.85) 16.75 EBIDTA 1092.43 14.60EBIDTA 40.50 123.12 (2.76) (22.46) 18.77 EBT 1072.21 12.50EBT 40.77 126.82 (4.14) (22.53) 18.85 Adjusted PAT 821.21 15.49Adjusted PAT 40.14 123.59 3.77 (22.44) 20.32 Reported PAT 725.80 2.07Reported PAT 96.14 159.37 (13.16) (38.94) 21.96 OPM(%)  21.49 20.60 NPM(%)  20.74 19.95 Capital Adequacy Ratio  15.59 14.88 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Rahul Bajaj Chairman / Chair Person 2011 1822.15 1189.6 15.05 9.82Mr.Shekhar Bajaj Director 2010 3045 1429.5 26.38 12.39Mr.D S Mehta Director 2009 1800 378 15.29 3.21 Key Executives (Top Three)Name DesignationMr.Pradeep Shrivastava Chief Operating Officer GOLD SPONSORMr.Abraham Joseph Chief Technology OfficerMr.J Sridhar Company Secretary & Compliance Officer WWW.SWASTIKBUSINESSANALYTICS.COM Page: 25
  • 26. Industry Steel ‐ Sponge Iron Group Jindal O P Group Jindal Steel & Power Ltd 20804.01 Face Value 1 Capital Employed RANK: 20 No. Of Equity Share 9342.69 Price 502.65 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 46961.03 11012.76 24.90 59024.14 In US $ million 912.57 214.01 24.90 1146.99 RANK in 50 Stocks 20 33 10 18 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 9543.47 7347.44 7677.83 5368.14 3523.08 Promoter 547627142 58.6Other Income 266.86 205.37 199.46 57.31 36.08 FII 204427471 21.88Operating Profit 3948.40 2760.85 2837.32 2353.22 1445.89 Mutual Funds and UTI 28003586 3EBITDA 3260.63 2248.69 2404.09 1901.44 1109.15 Banks and Insurance 41627614 4.45EBT 2777.41 1917.03 2136.20 1658.42 935.96 Other Investors 37254102 3.99Adjusted PAT 2088.54 1489.25 1670.80 1392.87 694.11 General Public 75569680 8.09Reported PAT 2064.12 1479.68 1536.48 1236.96 702.99 GRAND TOTAL 934509595 100Net Worth 8689.34 6746.00 5415.32 3756.38 2496.73 Valuation RatioEnterprise Value 59024.14 70154.77 36883.38 136440.92 32078.22 Annual TTMCapital Employed 20804.01 15129.26 10377.97 7619.73 6004.45 P/E 22.75 23.29Cash & Balances with RBI  12787.35 8814.21 7362.90 5918.94 4929.03 P/B 5.40 NAAdvances   7077.87 7225.21 2318.01 660.48 937.84 P/S 4.92 4.26Investment 1210.01 1067.11 1233.40 1036.19 709.82 EV/EBITDA 14.95 NA Dividend Yield 0.30 NAEPS (Rs.)  22.09 15.89 99.35 80.34 228.30Cash EPS (Rs.)  29.45 21.39 127.36 109.69 337.66 Latest Result (TTM)Dividend Per Share (Rs.) 1.50 1.25 5.50 4.00 18.00 TTM End September  11 Growth(%)Book Value (Rs.)  93.00 72.44 350.05 243.92 810.63 Net Sales 11012.76 10.36Sales Per Share (Rs.)  102.15 78.90 496.46 348.67 1144.14 Other Income 155.88 1.12Free Reserves Per Share (Rs.) 87.46 67.83 327.99 230.73 773.29 Personnel Expenses  4211.12 5.84 EBIDTA 3414.06 5.64 Ratio Analysis EBT 2932.92 4.06Capital Adequacy Ratio  41.37 37.58 36.95 43.84 41.04 Adjusted PAT 2163.96 3.11EBIDTAM(%) 34.17 30.61 31.31 35.42 31.48 Reported PAT 2016.21 (3.93)APATM(%) 21.88 20.27 21.76 25.95 19.70 OPM(%)  38.24 39.87Fund based income(%) 29.09 27.24 27.40 34.36 29.26 NPM(%)  31.00 32.39Fee based income(%) 9.92 9.78 14.81 16.23 11.71 Capital Adequacy Ratio  19.65 21.03Yield on Fund Advances  6.97 8.16 5.55 5.86 9.14 Latest Result (Half Yearly)Break‐Even Yield Ratio  1.39 1.24 0.91 1.03 1.40 Half Year End September  11 Growth(%)Cost of Funds Ratio  0.74 0.83 1.04 0.90 0.71 Net Sales 5860.34 13.74Borrowings within India(%) 0.78 0.64 1.04 1.25 0.67 Other Income 24.37 (81.47)Borrowings from outside(%) 1.04 0.74 0.94 1.10 0.72 Personnel Expenses  2074.50 (2.91)Deposits within India(%) 5.81 8.05 9.08 7.01 6.99 EBIDTA 1653.99 (6.03)Deposits Outside India(%) 8.17 8.32 10.59 9.68 8.35 EBT 1375.65 (11.66)Net Profit Per Branch  11.24 5.58 13.30 12.16 16.82 Adjusted PAT 1013.70 (11.87)Deposits Per Branch  40.09 46.23 31.97 46.77 0.00 Reported PAT 865.95 (24.72) OPM(%)  35.40 41.47 NPM(%)  28.22 34.16 Rate of Growth Capital Adequacy Ratio  17.30 22.32 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 29.89 (4.30) 43.03 52.37 22.06 Net Sales 3333.81 31.95Other Income 29.94 2.96 248.04 58.84 49.21 Other Income 7.72 (53.63)Total Operating Expenses 22.33 (4.92) 64.05 45.38 22.64 Personnel Expenses  1094.43 11.67Personnel Expenses  43.01 (2.70) 20.57 62.75 22.25 EBIDTA 880.51 13.84EBIDTA 45.00 (6.46) 26.44 71.43 24.07 EBT 734.64 14.61EBT 44.88 (10.26) 28.81 77.19 24.30 Adjusted PAT 543.54 15.61Adjusted PAT 40.24 (10.87) 19.95 100.67 24.65 Reported PAT 395.79 (15.82)Reported PAT 39.50 (3.70) 24.21 75.96 24.04 OPM(%)  32.83 38.79 NPM(%)  26.41 30.61 Capital Adequacy Ratio  16.30 18.61 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Naveen Jindal Chairman and Managing director 2011 735 441.55 34.06 20.46Mr.Sushil Maroo Director 2010 755.25 572.7 34.19 25.93Mr.Ratan Jindal Director 2009 3622.9 545.1 228.00 34.30 Key Executives (Top Three)Name DesignationMr.V R Sharma CEO (Steel Business) GOLD SPONSORMr.T K Sadhu Company Secretary & Compliance OfficerMr.D K Saraogi Executive President & Head WWW.SWASTIKBUSINESSANALYTICS.COM Page: 26
  • 27. Industry Power ‐ Transmission/Equipment Group Public SectorPower Grid Corporation of India Ltd 62092.11 Face Value 10 Capital Employed RANK: 21 No. Of Equity Share 46297.25 Price 98.95 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 45811.13 8729.79 13.00 83013.84 In US $ million 890.23 169.64 13.00 1613.17 RANK in 50 Stocks 21 35 31 15 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%) Net Sales 8388.70 7127.45 6579.81 4614.82 3589.85 Promoter 3214024212 69.42 Other Income 831.81 495.28 502.46 468.95 358.98 FII 610007099 13.18 Operating Profit 7781.18 6293.46 6600.14 4711.50 3346.92 Mutual Funds and UTI 131091854 2.83 EBITDA 5579.93 4311.99 5504.34 3746.42 2511.15 Banks and Insurance 250729120 5.42 EBT 3793.65 2725.87 2304.40 1904.23 1339.42 Other Investors 181772570 3.93 Adjusted PAT 2670.40 2130.56 1926.77 1622.16 1089.89 General Public 242100498 5.23 Reported PAT 2696.89 2040.94 1690.61 1448.47 1229.37 GRAND TOTAL 4629725353 100 Net Worth 21209.34 15793.92 13533.98 13754.17 10964.88 Valuation Ratio Enterprise Value 83013.84 75973.83 67998.69 64117.23 65935.22 Annual TTM Capital Employed 62092.11 50210.71 41999.41 36017.65 30290.38 P/E 16.97 16.62 Cash & Balances with RBI  50343.35 43186.09 40319.33 35417.14 29004.09 P/B 2.16 NA Advances   26633.02 20438.37 13286.00 8758.09 9450.93 P/S 5.46 5.25 Investment 1365.05 1453.22 1592.83 1736.22 1967.00 EV/EBITDA 10.67 NA Dividend Yield 1.77 NA EPS (Rs.)  5.83 4.85 4.02 3.44 3.25 Cash EPS (Rs.)  10.58 9.56 6.62 5.73 5.45 Latest Result (TTM) Dividend Per Share (Rs.) 1.75 1.50 1.20 1.20 1.00 TTM End September  11 Growth(%) Book Value (Rs.)  45.81 37.53 32.16 32.68 28.95 Net Sales 8729.79 1.60 Sales Per Share (Rs.)  18.12 16.93 15.63 10.96 9.48 Other Income 801.63 13.91 Free Reserves Per Share (Rs.) 29.27 21.58 17.39 18.78 15.21 Personnel Expenses  8129.39 2.65 EBIDTA 5802.33 2.82 Ratio Analysis EBT 3874.76 0.13 Capital Adequacy Ratio  92.76 88.30 100.31 102.09 93.23 Adjusted PAT 2757.55 1.91 EBIDTAM(%) 66.52 60.50 83.65 81.18 69.95 Reported PAT 2756.34 2.12 APATM(%) 31.83 29.89 29.28 35.15 30.36 OPM(%)  93.12 92.17 Fund based income(%) 58.07 57.69 45.94 56.06 53.64 NPM(%)  66.47 65.68 Fee based income(%) 4.34 4.06 4.03 4.02 4.06 Capital Adequacy Ratio  31.59 31.49 Yield on Fund Advances  34.94 36.11 34.95 40.79 34.82 Latest Result (Half Yearly) Break‐Even Yield Ratio  1.93 2.18 2.10 1.62 1.77 Half Year End September  11 Growth(%) Cost of Funds Ratio  0.16 0.16 0.16 0.13 0.12 Net Sales 4466.84 4.78 Borrowings within India(%) 0.69 0.65 0.59 0.67 0.48 Other Income 333.19 (28.22) Borrowings from outside(%) 0.73 0.68 0.60 0.70 0.51 Personnel Expenses  4076.48 (0.31) Deposits within India(%) 21.99 20.67 0.00 0.00 19.50 EBIDTA 2900.82 (1.17) Deposits Outside India(%) 4.36 3.97 2.06 2.56 2.86 EBT 1904.86 (3.30) Net Profit Per Branch  0.23 0.03 0.01 0.05 0.01 Adjusted PAT 1413.17 5.12 Deposits Per Branch  0.00 0.00 0.00 0.00 9.77 Reported PAT 1414.03 5.34 OPM(%)  91.26 95.92 NPM(%)  64.94 68.85 Rate of Growth Capital Adequacy Ratio  31.64 31.54 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%) Net Sales 17.70 8.32 42.58 28.55 18.50 Net Sales 2264.35 2.81 Other Income 67.95 (1.43) 7.15 30.63 18.30 Other Income 194.20 35.58 Total Operating Expenses 8.28 175.71 29.51 (38.15) 19.05 Personnel Expenses  2092.02 5.19 Personnel Expenses  23.64 (4.65) 40.09 40.77 18.38 EBIDTA 1495.39 6.08 EBIDTA 29.40 (21.66) 46.92 49.19 17.31 EBT 939.77 (2.62) EBT 39.17 18.29 21.01 42.17 23.15 Adjusted PAT 706.63 0.01 Adjusted PAT 25.34 10.58 18.78 48.84 19.63 Reported PAT 708.74 0.49 Reported PAT 32.14 20.72 16.72 17.82 17.01 OPM(%)  92.39 90.29 NPM(%)  66.04 64.00 Capital Adequacy Ratio  31.21 32.08 Other Information Board of Directors (Top Three) 52 Week High Low Name Designation Year High Price Low Price High P/E Low P/E Mr.R N Nayak Chairman and Managing director 2011 112.35 93.6 18.87 15.72 Mrs.Rita Acharya Director 2010 121.25 91.8 20.80 15.75 Mr.R T Agarwal Director (Finance) 2009 128.35 71.05 26.46 14.65 Key Executives (Top Three) Name Designation Mr.Parvez Hyatt Chief Vigilance Officer GOLD SPONSOR Ms.Divya Tandon Company Secretary & Compliance Officer NA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 27
  • 28. Industry Auto ‐ Cars & Jeeps Group M & M Group Mahindra & Mahindra Ltd 12707.5 Face Value 5 Capital Employed RANK: 22 No. Of Equity Share 5872.47 Price 723.85 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 42507.87 26993.42 24.91 44298.99 In US $ million 826.04 524.55 24.91 860.84 RANK in 50 Stocks 22 19 9 28 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 23477.53 18516.33 13081.08 11310.37 9921.34 Promoter 154583898 25.18Other Income 399.36 317.99 305.98 364.05 404.87 FII 162041227 26.39Operating Profit 3840.56 3334.79 1590.53 1521.70 1541.09 Mutual Funds and UTI 21628757 3.52EBITDA 3426.70 2964.01 1299.02 1282.45 1331.17 Banks and Insurance 104641408 17.04EBT 3355.84 2807.16 1164.90 1194.86 1311.37 Other Investors 121774120 19.83Adjusted PAT 2498.33 2048.16 965.21 891.46 961.27 General Public 49305429 8.03Reported PAT 2662.10 2087.75 836.78 1103.37 1068.39 GRAND TOTAL 613974839 100Net Worth 10302.21 7818.56 5231.88 4337.60 3540.06 Valuation RatioEnterprise Value 44298.99 48883.49 20994.74 14901.85 19435.87 Annual TTMCapital Employed 12707.50 10698.71 9284.64 6924.66 5176.04 P/E 15.97 15.84Cash & Balances with RBI  5849.27 4866.18 4653.66 3552.64 3180.57 P/B 4.12 NAAdvances   1364.31 1374.31 886.96 649.94 329.72 P/S 1.81 1.57Investment 9325.29 6398.02 5786.41 4215.06 2237.46 EV/EBITDA 11.53 NA Dividend Yield 1.59 NAEPS (Rs.)  45.33 36.89 30.69 46.15 44.88Cash EPS (Rs.)  52.38 43.44 41.39 56.16 53.70 Latest Result (TTM)Dividend Per Share (Rs.) 11.50 9.50 10.00 11.50 11.50 TTM End September  11 Growth(%)Book Value (Rs.)  175.62 138.37 192.35 181.96 149.26 Net Sales 26993.42 7.68Sales Per Share (Rs.)  399.79 327.20 479.84 473.09 416.81 Other Income 345.66 10.11Free Reserves Per Share (Rs.) 165.14 120.24 170.32 168.36 135.66 Personnel Expenses  3902.64 0.28 EBIDTA 3447.81 (0.52) Ratio Analysis EBT 3463.46 (0.91)Capital Adequacy Ratio  16.36 18.01 12.16 13.45 15.53 Adjusted PAT 2566.00 (0.82)EBIDTAM(%) 14.60 16.01 9.93 11.34 13.42 Reported PAT 2683.48 (0.78)APATM(%) 10.64 11.06 7.38 7.88 9.69 OPM(%)  14.46 15.53Fund based income(%) 12.40 13.06 9.61 10.00 11.80 NPM(%)  12.77 13.83Fee based income(%) 20.95 19.51 9.01 15.93 20.64 Capital Adequacy Ratio  9.51 10.32Yield on Fund Advances  30.15 29.87 37.29 29.10 30.39 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.23 0.36 0.77 0.59 0.46 Half Year End September  11 Growth(%)Cost of Funds Ratio  4.08 3.85 2.84 3.22 3.14 Net Sales 14094.16 9.26Borrowings within India(%) 0.86 1.11 0.90 0.86 1.31 Other Income 256.39 187.21Borrowings from outside(%) 0.60 0.86 0.83 0.74 1.01 Personnel Expenses  2027.74 8.15Deposits within India(%) 15.64 17.91 14.56 12.49 13.42 EBIDTA 1792.15 8.24Deposits Outside India(%) 54.20 21.26 11.86 17.37 77.85 EBT 1789.26 6.87Net Profit Per Branch  4.68 4.11 5.28 7.81 7.18 Adjusted PAT 1342.26 9.69Deposits Per Branch  1.79 1.51 1.39 1.59 1.97 Reported PAT 1342.26 0.08 OPM(%)  14.39 14.53 NPM(%)  12.72 12.84 Rate of Growth Capital Adequacy Ratio  9.52 9.49 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 26.79 41.55 15.66 14.00 18.80 Net Sales 7360.62 9.31Other Income 25.59 3.93 (15.95) (10.08) (0.27) Other Income 231.52 830.92Total Operating Expenses 29.27 31.39 16.19 15.57 17.93 Personnel Expenses  1105.53 19.88Personnel Expenses  15.17 109.67 4.52 (1.26) 20.04 EBIDTA 979.82 20.62EBIDTA 15.61 128.17 1.29 (3.66) 20.82 EBT 974.93 19.72EBT 19.55 140.98 (2.51) (8.88) 20.67 Adjusted PAT 737.38 21.91Adjusted PAT 21.98 112.20 8.27 (7.26) 21.05 Reported PAT 737.38 21.91Reported PAT 27.51 149.50 (24.16) 3.27 20.03 OPM(%)  15.02 13.70 NPM(%)  13.31 12.06 Capital Adequacy Ratio  10.02 8.98 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Keshub Mahindra Chairman / Chair Person 2011 874.75 585.1 19.14 12.8Mr.A K Nanda Director 2010 1196.7 491 26.40 10.83Mr.Nadir B Godrej Director 2009 1098.7 258.8 29.78 7.02 Key Executives (Top Three)Name DesignationMr.Anita Arjundas CEO Real Estate Sector GOLD SPONSORMr.Rajan Wadhera Chief ExecutiveMr.Rajesh Jejurikar Chief Executive ‐ Automotive Division WWW.SWASTIKBUSINESSANALYTICS.COM Page: 28
  • 29. Industry Auto ‐ 2 & 3 Wheelers Group Hero Group Hero MotoCorp Ltd. 4447.22 Face Value 2 Capital Employed RANK: 23 No. Of Equity Share 1996.88 Price 2003.25 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 40002.50 22065.24 73.47 41454.43 In US $ million 777.35 428.78 73.47 805.57 RANK in 50 Stocks 23 23 2 31 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 19366.97 15839.58 12325.38 10345.01 9905.95 Promoter 104259490 52.21Other Income 123.68 98.77 108.56 88.85 83.73 FII 69500931 34.8Operating Profit 2720.75 2842.42 1861.58 1456.62 1285.69 Mutual Funds and UTI 2004909 1EBITDA 2318.37 2650.95 1680.92 1296.30 1145.91 Banks and Insurance 6434718 3.22EBT 2290.17 2639.81 1667.88 1282.83 1132.15 Other Investors 3592840 1.8Adjusted PAT 1813.31 2039.91 1168.18 840.43 743.94 General Public 13894612 6.96Reported PAT 1927.90 2231.83 1281.76 967.88 857.89 GRAND TOTAL 199687500 100Net Worth 2956.06 3465.02 3800.75 2986.24 2470.06 Valuation RatioEnterprise Value 41454.43 35856.86 25553.57 14652.19 13845.44 Annual TTMCapital Employed 4447.22 3531.05 3879.24 3118.24 2635.23 P/E 20.75 19.12Cash & Balances with RBI  5538.46 2750.98 2516.27 1938.78 1800.63 P/B 13.53 NAAdvances   125.14 48.14 120.54 408.49 189.92 P/S 2.07 1.81Investment 5128.75 3925.71 3368.75 2566.82 1973.87 EV/EBITDA 15.24 NA Dividend Yield 5.24 NAEPS (Rs.)  96.55 111.77 64.19 48.47 42.96Cash EPS (Rs.)  116.70 121.35 73.24 56.50 49.96 Latest Result (TTM)Dividend Per Share (Rs.) 105.00 110.00 20.00 19.00 17.00 TTM End September  11 Growth(%)Book Value (Rs.)  148.03 173.51 190.32 149.54 123.69 Net Sales 22065.24 6.14Sales Per Share (Rs.)  969.86 793.22 617.23 518.06 496.07 Other Income 304.53 0.46Free Reserves Per Share (Rs.) 146.03 171.52 188.33 147.55 121.70 Personnel Expenses  3447.51 9.96 EBIDTA 2635.88 3.72 Ratio Analysis EBT 2640.68 3.81Capital Adequacy Ratio  14.05 17.95 15.10 14.08 12.98 Adjusted PAT 2171.96 4.73EBIDTAM(%) 11.97 16.74 13.64 12.53 11.57 Reported PAT 2092.12 4.92APATM(%) 9.36 12.88 9.48 8.12 7.51 OPM(%)  15.62 15.08Fund based income(%) 11.44 14.09 10.94 9.67 8.92 NPM(%)  11.95 12.23Fee based income(%) 43.35 63.21 33.04 31.04 32.55 Capital Adequacy Ratio  9.84 9.98Yield on Fund Advances  126.39 115.04 36.45 45.86 46.29 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.50 0.01 0.02 0.04 0.06 Half Year End September  11 Growth(%)Cost of Funds Ratio  3.70 6.29 5.34 5.89 6.01 Net Sales 11512.65 9.10Borrowings within India(%) 0.23 0.57 0.46 0.48 0.56 Other Income 168.16 23.31Borrowings from outside(%) 0.15 0.49 0.31 0.31 0.39 Personnel Expenses  1904.63 23.45Deposits within India(%) 43.88 42.80 47.53 42.82 47.48 EBIDTA 1386.35 10.95Deposits Outside India(%) 96.48 255.15 142.76 108.14 93.44 EBT 1394.03 11.82Net Profit Per Branch  2.29 2.13 2.01 2.35 2.66 Adjusted PAT 1161.51 14.95Deposits Per Branch  4.22 1.66 0.79 0.67 1.10 Reported PAT 1161.51 24.81 OPM(%)  16.54 14.62 NPM(%)  12.04 11.84 Rate of Growth Capital Adequacy Ratio  10.09 9.58 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 22.27 28.51 19.14 4.43 14.35 Net Sales 5829.32 2.57Other Income 25.22 (9.02) 22.18 6.11 8.11 Other Income 79.75 (9.80)Total Operating Expenses 28.05 23.87 17.77 3.14 14.02 Personnel Expenses  998.46 10.18Personnel Expenses  (4.28) 52.69 27.80 13.29 16.17 EBIDTA 719.97 8.04EBIDTA (12.55) 57.71 29.67 13.12 15.13 EBT 724.46 8.20EBT (13.24) 58.27 30.02 13.31 15.13 Adjusted PAT 603.62 8.20Adjusted PAT (11.11) 74.62 39.00 12.97 19.51 Reported PAT 603.62 8.20Reported PAT (13.62) 74.12 32.43 12.82 17.58 OPM(%)  17.13 15.94 NPM(%)  12.35 11.73 Capital Adequacy Ratio  10.35 9.82 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Brijmohan Lall Munjal Chairman / Chair Person 2011 2248 1377.95 21.46 13.15Mr.Sunil Kant Munjal Joint Managing Director 2010 2094 1497 21.69 15.50Mr.Pawan Munjal Managing Director & CEO 2009 1797.8 755 16.08 6.75 Key Executives (Top Three)Name DesignationMr.Ilam C Kamboj Co. Secretary & Compl. Officer GOLD SPONSORMr.Pawan Munjal Managing Director & CEOMr.Vikram Kasbekar Plants Head‐Operations WWW.SWASTIKBUSINESSANALYTICS.COM Page: 29
  • 30. Industry Finance ‐ Banks ‐ Private Sector Group Not Applicable Axis Bank Ltd 242713.37 Face Value 10 Capital Employed RANK: 24 No. Of Equity Share 4105.50 Price 947.5 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 38899.61 18362.34 0.81 51967.69 In US $ million 755.92 356.83 0.81 1009.87 RANK in 50 Stocks 24 26 43 21 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 19343.63 15407.74 13550.95 8750.68 5461.60 Promoter 153446231 37.21Other Income 351.02 202.17 81.81 13.86 21.24 FII 131604160 31.92Operating Profit 5306.84 3941.77 2999.92 2034.79 1193.08 Mutual Funds and UTI 21272928 5.16EBITDA 5657.86 4143.94 3081.73 2048.65 1214.32 Banks and Insurance 7633902 1.85EBT 5143.38 4010.78 2793.67 1821.06 1080.76 Other Investors 75159417 18.23Adjusted PAT 3395.46 2518.41 1823.55 1086.20 661.94 General Public 23209657 5.63Reported PAT 3388.49 2514.53 1815.36 1071.03 659.03 GRAND TOTAL 412326295 100Net Worth 466427.91 345251.09 285229.31 210385.00 143112.21 Valuation RatioEnterprise Value 51967.69 60265.25 29195.05 30255.74 24203.15 Annual TTMCapital Employed 242713.37 180647.84 147722.06 109577.85 73257.21 P/E 11.48 10.31Cash & Balances with RBI  13886.16 9473.88 9419.21 7305.66 4661.03 P/B 2.05 NAAdvances   142407.83 104343.12 81556.77 59661.14 36876.48 P/S 2.01 2.12Investment 71991.62 55974.82 46330.35 33705.10 26897.16 EV/EBITDA 9.79 NA Dividend Yield 1.72 NAEPS (Rs.)  82.54 61.25 44.22 26.09 16.05Cash EPS (Rs.)  95.07 64.49 51.23 31.63 18.53 Latest Result (TTM)Dividend Per Share (Rs.) 16.33 13.82 10.24 6.13 3.62 TTM End September  11 Growth(%)Book Value (Rs.)  462.77 390.81 248.81 213.63 82.87 Net Sales 18362.34 9.88Sales Per Share (Rs.)  471.16 375.30 330.07 213.15 133.03 Other Income 5000.90 4.20Free Reserves Per Share (Rs.) 452.77 380.93 240.03 204.87 76.01 Personnel Expenses  1800.76 5.47 EBIDTA 6813.41 4.43 Ratio Analysis EBT 5663.72 4.86Capital Adequacy Ratio  12.65 15.80 13.69 13.73 11.57 Adjusted PAT 3774.14 5.16EBIDTAM(%) 29.25 26.90 22.74 23.41 22.23 Reported PAT 3774.14 5.16APATM(%) 17.55 16.35 13.46 12.41 12.12 OPM(%)  37.11 39.04Fund based income(%) 82.21 82.80 83.65 84.55 85.58 NPM(%)  20.55 21.48Fee based income(%) 17.78 17.19 16.34 15.44 14.41 Capital Adequacy Ratio  12.25 12.83Yield on Fund Advances  7.30 7.65 9.15 7.95 7.32 Latest Result (Half Yearly)Break‐Even Yield Ratio  6.03 6.35 8.76 7.40 8.11 Half Year End September  11 Growth(%)Cost of Funds Ratio  3.98 4.18 5.60 4.73 4.67 Net Sales 10157.37 23.80Borrowings within India(%) 29.81 43.01 29.56 9.72 34.71 Other Income 2402.79 (7.52)Borrowings from outside(%) 70.18 56.98 70.43 90.27 65.28 Personnel Expenses  1008.58 27.32Deposits within India(%) 96.53 97.08 97.93 98.59 99.63 EBIDTA 3334.12 (4.17)Deposits Outside India(%) 3.46 2.91 2.06 1.40 0.36 EBT 2752.70 (5.44)Net Profit Per Branch  2.44 2.43 2.18 1.62 1.18 Adjusted PAT 1862.67 (2.55)Deposits Per Branch  136.14 136.52 140.57 130.59 104.79 Reported PAT 1862.67 (2.55) OPM(%)  32.82 42.40 NPM(%)  18.34 23.30 Rate of Growth Capital Adequacy Ratio  0.00 0.00 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 25.54 13.70 54.86 60.22 28.78 Net Sales 5275.97 8.08Other Income 73.63 147.12 490.26 (34.75) 75.24 Other Income 1234.92 5.74Total Operating Expenses 22.42 8.67 57.11 57.34 26.88 Personnel Expenses  498.62 (2.22)Personnel Expenses  28.51 25.88 48.85 75.76 33.45 EBIDTA 1775.64 13.93EBIDTA 36.53 34.47 50.43 68.71 36.04 EBT 1370.06 (0.91)EBT 28.24 43.57 53.41 68.50 36.62 Adjusted PAT 920.32 (2.34)Adjusted PAT 34.83 38.10 67.88 64.09 38.68 Reported PAT 920.32 (2.34)Reported PAT 34.76 38.51 69.50 62.52 38.75 OPM(%)  33.66 31.93 NPM(%)  17.44 19.30 Capital Adequacy Ratio  11.35 12.53 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.A K Dasgupta Additional Director 2011 1460.55 921.1 15.89 10.02Mr.Som Mittal Addnl.Independent Director 2010 1608 967.15 19.48 11.72Prof.Samir Barua Addnl.Independent Director 2009 1062.9 278.5 17.35 4.55 Key Executives (Top Three)Name DesignationMr.P J Oza Company Secretary GOLD SPONSORMr.Somnath Sengupta Executive Director & CFOMr.V Srinivasan Executive Director (Corp. Banking) WWW.SWASTIKBUSINESSANALYTICS.COM Page: 30
  • 31. Industry Steel Group Tata Group Tata Steel Ltd 76745.77 Face Value 10 Capital Employed RANK: 25 No. Of Equity Share 9592.14 Price 384.9 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 36920.15 31810.30 14.32 61079.75 In US $ million 717.45 618.16 14.32 1186.94 RANK in 50 Stocks 25 15 28 17 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 29307.35 24940.65 24348.32 19654.41 17452.66 Promoter 294619519 30.71Other Income 327.91 331.59 305.36 347.28 485.14 FII 140604911 14.66Operating Profit 11498.16 9237.18 9481.80 8591.82 7398.89 Mutual Funds and UTI 34707252 3.62EBITDA 10351.97 8154.00 8508.40 7757.21 6579.60 Banks and Insurance 231010110 24.08EBT 8665.70 6305.81 7018.90 6828.18 6328.35 Other Investors 55405530 5.78Adjusted PAT 5753.26 4137.31 4904.03 4447.90 4287.88 General Public 202867128 21.15Reported PAT 6865.69 5046.80 5201.74 4687.03 4222.15 GRAND TOTAL 959214450 100Net Worth 48444.63 37168.75 29704.60 27300.73 14096.15 Valuation RatioEnterprise Value 61079.75 74601.32 53711.68 57678.50 43984.42 Annual TTMCapital Employed 76745.77 62407.95 56650.78 45322.42 23741.48 P/E 5.38 5.32Cash & Balances with RBI  22846.26 22306.07 20057.01 16479.59 16029.49 P/B 0.76 NAAdvances   6969.38 3843.59 3487.68 4367.45 2497.44 P/S 1.26 1.16Investment 46564.94 44979.67 42371.78 4103.19 6106.18 EV/EBITDA 5.31 NA Dividend Yield 3.12 NAEPS (Rs.)  71.58 56.37 69.70 63.85 72.74Cash EPS (Rs.)  83.53 68.58 83.02 75.27 86.85 Latest Result (TTM)Dividend Per Share (Rs.) 12.00 8.00 16.00 16.00 15.50 TTM End September  11 Growth(%)Book Value (Rs.)  504.94 418.85 406.47 373.58 242.76 Net Sales 31810.30 3.60Sales Per Share (Rs.)  305.53 281.11 333.27 269.02 300.66 Other Income 585.78 (54.76)Free Reserves Per Share (Rs.) 454.52 392.98 309.18 275.25 213.24 Personnel Expenses  12346.09 (4.40) EBIDTA 11189.15 (4.88) Ratio Analysis EBT 10097.28 (4.41)Capital Adequacy Ratio  39.23 37.04 38.94 43.71 42.39 Adjusted PAT 6935.82 (7.59)EBIDTAM(%) 35.32 32.69 34.94 39.47 37.70 Reported PAT 6935.82 (7.59)APATM(%) 19.63 16.59 20.14 22.63 24.57 OPM(%)  38.81 42.06Fund based income(%) 23.54 20.93 24.14 26.88 29.26 NPM(%)  35.17 38.31Fee based income(%) 8.95 8.09 9.18 10.34 17.78 Capital Adequacy Ratio  21.80 24.44Yield on Fund Advances  19.04 16.64 27.15 29.39 26.15 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.58 0.67 1.34 1.08 0.69 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.29 1.12 1.22 1.20 1.09 Net Sales 16072.18 2.12Borrowings within India(%) 1.78 1.12 0.91 3.81 1.69 Other Income 576.21 5921.00Borrowings from outside(%) 1.45 0.76 0.57 3.52 1.37 Personnel Expenses  6449.13 9.36Deposits within India(%) 9.85 10.90 9.36 10.84 10.81 EBIDTA 5876.72 10.62Deposits Outside India(%) 6.82 5.00 6.37 9.25 29.45 EBT 5415.18 15.66Net Profit Per Branch  8.10 8.41 13.85 11.64 12.05 Adjusted PAT 3714.65 15.32Deposits Per Branch  60.95 59.69 68.85 50.51 48.93 Reported PAT 3714.65 15.32 OPM(%)  40.13 37.47 NPM(%)  36.56 33.76 Rate of Growth Capital Adequacy Ratio  23.11 20.47 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 17.51 2.43 23.88 12.62 10.92 Net Sales 8211.93 4.47Other Income (1.11) 8.59 (12.07) (28.42) (7.53) Other Income 23.57 (95.74)Total Operating Expenses 13.11 5.69 32.97 8.26 11.47 Personnel Expenses  2793.33 (23.59)Personnel Expenses  24.48 (2.58) 10.36 16.12 9.22 EBIDTA 2506.22 (25.64)EBIDTA 26.96 (4.17) 9.68 17.90 9.49 EBT 2271.95 (27.72)EBT 37.42 (10.16) 2.79 7.90 6.49 Adjusted PAT 1495.22 (32.63)Adjusted PAT 39.06 (15.63) 10.25 3.73 6.06 Reported PAT 1495.22 (32.63)Reported PAT 36.04 (2.98) 10.98 11.01 10.21 OPM(%)  34.02 46.51 NPM(%)  30.52 42.88 Capital Adequacy Ratio  18.21 28.24 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Ratan N Tata Chairman / Chair Person 2011 713.8 367.2 9.87 5.08Mr.Subodh Bhargava Ind. Non‐Executive Director 2010 737 448.65 10.30 6.27Mr.Nusli N Wadia Ind. Non‐Executive Director 2009 627.6 148.65 11.13 2.64 Key Executives (Top Three)Name DesignationMr.Shreekant Mokashi Chief (Group Information Services) GOLD SPONSORMr.V S N Murty Chief Financial ControllerMr.A Anjeneyan Co. Secretary & Chief of Compliance WWW.SWASTIKBUSINESSANALYTICS.COM Page: 31
  • 32. Industry Construction & Contracting Group DLF Group DLF Ltd 28870.04 Face Value 2 Capital Employed RANK: 26 No. Of Equity Share 16975.72 Price 207.1 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 35156.72 3473.92 9.52 50062.53 In US $ million 683.19 67.51 9.52 972.84 RANK in 50 Stocks 26 46 33 24 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 2916.08 2307.08 2827.90 5496.96 1101.66 Promoter 1334803120 78.6Other Income 1130.06 896.76 1006.72 560.74 327.67 FII 263732071 15.53Operating Profit 2909.87 1941.72 2769.48 3632.72 986.11 Mutual Funds and UTI 983308 0.06EBITDA 2729.70 1774.20 2617.54 3565.25 976.67 Banks and Insurance 6419679 0.38EBT 1443.00 926.96 1807.69 3117.59 620.42 Other Investors 28099268 1.65Adjusted PAT 1133.95 751.25 1546.69 2574.07 405.86 General Public 64093181 3.77Reported PAT 1269.58 765.06 1547.77 2574.40 405.77 GRAND TOTAL 1698130627 100Net Worth 13810.49 12830.00 12374.82 11269.15 652.80 Valuation RatioEnterprise Value 50062.53 68015.38 61040.50 125293.35 129450.49 Annual TTMCapital Employed 28870.04 25467.87 21989.80 19655.55 7422.09 P/E 27.69 26.30Cash & Balances with RBI  2143.37 2002.85 1968.40 1533.72 365.58 P/B 2.55 NAAdvances   2199.25 1718.51 1657.73 1781.79 665.03 P/S 12.05 10.12Investment 7037.24 6558.88 2956.32 1839.83 769.17 EV/EBITDA 17.20 NA Dividend Yield 0.97 NAEPS (Rs.)  7.48 4.51 9.12 15.10 2.65Cash EPS (Rs.)  8.54 5.49 10.01 15.50 2.71 Latest Result (TTM)Dividend Per Share (Rs.) 2.00 2.00 2.00 4.00 2.00 TTM End September  11 Growth(%)Book Value (Rs.)  81.35 75.59 72.91 66.10 4.27 Net Sales 3473.92 17.76Sales Per Share (Rs.)  17.18 13.59 16.66 32.24 7.20 Other Income 1180.45 (4.75)Free Reserves Per Share (Rs.) 71.90 70.78 69.75 63.84 2.25 Personnel Expenses  3153.52 11.25 EBIDTA 3053.18 11.55 Ratio Analysis EBT 1703.99 19.24Capital Adequacy Ratio  99.79 84.16 97.93 66.09 89.51 Adjusted PAT 1314.29 15.91EBIDTAM(%) 93.61 76.90 92.56 64.86 88.65 Reported PAT 1336.99 15.55APATM(%) 38.89 32.56 54.69 46.83 36.84 OPM(%)  90.78 96.09Fund based income(%) 45.06 39.82 60.07 48.05 37.70 NPM(%)  87.89 92.78Fee based income(%) 4.40 3.00 7.04 13.10 5.47 Capital Adequacy Ratio  37.83 38.44Yield on Fund Advances  26.74 45.86 23.79 30.99 98.30 Latest Result (Half Yearly)Break‐Even Yield Ratio  1.09 0.98 0.77 0.74 10.37 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.38 1.17 1.46 3.60 3.01 Net Sales 1751.79 1.72Borrowings within India(%) 3.51 5.03 2.96 2.34 1.75 Other Income 334.90 (60.39)Borrowings from outside(%) 2.49 3.56 3.83 3.28 1.36 Personnel Expenses  1345.83 (26.93)Deposits within India(%) 0.42 0.41 0.00 0.00 0.33 EBIDTA 1276.64 (28.14)Deposits Outside India(%) 2.26 2.29 3.42 8.12 2.77 EBT 567.78 (50.03)Net Profit Per Branch  3.16 5.30 3.51 2.18 18.06 Adjusted PAT 395.21 (57.00)Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 395.21 (58.04) OPM(%)  76.83 106.95 NPM(%)  72.88 103.16 Rate of Growth Capital Adequacy Ratio  22.56 53.37 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 26.40 (18.42) (48.56) 398.97 21.49 Net Sales 1066.05 55.46Other Income 26.02 (10.92) 79.53 71.13 28.10 Other Income 175.64 10.29Total Operating Expenses (9.97) 18.49 (56.08) 447.13 20.72 Personnel Expenses  856.87 88.39Personnel Expenses  49.86 (29.89) (23.76) 268.39 24.16 EBIDTA 821.80 80.68EBIDTA 53.86 (32.22) (26.58) 265.04 22.82 EBT 442.82 254.37EBT 55.67 (48.72) (42.02) 402.50 18.39 Adjusted PAT 302.57 226.61Adjusted PAT 50.94 (51.43) (39.91) 534.23 22.81 Reported PAT 302.57 226.61Reported PAT 65.95 (50.57) (39.88) 534.45 25.62 OPM(%)  80.38 66.33 NPM(%)  77.09 66.33 Capital Adequacy Ratio  28.38 13.51 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EDr.K P Singh Chairman / Chair Person 2011 298.2 173.4 37.86 22.02Mr.Kameshwar Swarup Group Exe.Director 2010 403 251.5 53.88 33.62Mr.T C Goyal Managing Director 2009 490.8 124.15 108.82 27.53 Key Executives (Top Three)Name DesignationMr.Subhash Setia Company Secretary & Compliance Officer GOLD SPONSORMr.Ashok Kumar Tyagi Group Chief Financial OfficerNA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 32
  • 33. Industry Finance ‐ Banks ‐ Private Sector Group Kotak Mahindra Group Kotak Mahindra Bank Ltd. 50850.67 Face Value 5 Capital Employed RANK: 27 No. Of Equity Share 7368.80 Price 464.45 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 34224.39 5162.46 1.00 46509.72 In US $ million 665.07 100.32 1.00 903.80 RANK in 50 Stocks 27 43 41 27 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 4739.06 3655.79 3262.68 2820.30 1592.06 Promoter 335790268 45.46Other Income 18.94 26.14 42.00 14.08 5.93 FII 196536340 26.61Operating Profit 1250.25 900.89 452.03 562.35 231.51 Mutual Funds and UTI 17112050 2.32EBITDA 1269.19 927.03 494.03 576.43 237.44 Banks and Insurance 20957126 2.84EBT 1187.67 814.03 425.78 396.66 202.70 Other Investors 75463424 10.22Adjusted PAT 818.15 564.03 275.82 292.81 140.82 General Public 92788264 12.56Reported PAT 818.18 561.11 276.10 293.93 141.37 GRAND TOTAL 738647472 100Net Worth 94867.95 70332.71 53518.22 53031.01 38168.91 Valuation RatioEnterprise Value 46509.72 52385.64 44587.44 63879.91 62524.62 Annual TTMCapital Employed 50850.67 37436.32 28711.87 28312.36 19915.42 P/E 41.84 36.08Cash & Balances with RBI  2107.72 2085.67 995.35 1710.29 751.22 P/B 5.01 NAAdvances   29329.31 20775.05 16625.34 15552.22 10924.07 P/S 7.22 6.63Investment 17121.44 12512.66 9110.18 9141.99 6861.96 EV/EBITDA 37.20 NA Dividend Yield 0.11 NAEPS (Rs.)  11.10 7.61 3.75 3.99 1.92Cash EPS (Rs.)  12.21 9.18 4.67 6.43 2.39 Latest Result (TTM)Dividend Per Share (Rs.) 0.50 0.40 0.35 0.35 0.31 TTM End September  11 Growth(%)Book Value (Rs.)  92.73 61.61 53.00 48.77 22.55 Net Sales 5162.46 9.55Sales Per Share (Rs.)  64.31 49.61 44.28 38.27 21.61 Other Income 797.79 10.10Free Reserves Per Share (Rs.) 87.73 56.89 48.31 44.09 18.13 Personnel Expenses  838.14 5.86 EBIDTA 1448.75 3.82 Ratio Analysis EBT 1393.54 7.82Capital Adequacy Ratio  19.92 18.35 20.01 18.65 13.46 Adjusted PAT 948.61 7.39EBIDTAM(%) 26.78 25.36 15.14 20.44 14.91 Reported PAT 948.61 7.39APATM(%) 17.26 15.43 8.45 10.38 8.85 OPM(%)  28.06 29.61Fund based income(%) 92.67 91.50 92.93 92.22 88.43 NPM(%)  18.38 18.74Fee based income(%) 7.32 8.49 7.06 7.77 11.56 Capital Adequacy Ratio  9.65 9.65Yield on Fund Advances  11.34 12.16 14.99 11.58 9.18 Latest Result (Half Yearly)Break‐Even Yield Ratio  7.01 6.72 9.30 8.42 6.40 Half Year End September  11 Growth(%)Cost of Funds Ratio  5.02 4.65 7.17 6.07 4.34 Net Sales 2794.43 18.01Borrowings within India(%) 81.03 94.11 97.65 95.19 95.73 Other Income 441.15 23.70Borrowings from outside(%) 18.96 5.88 2.34 4.80 4.26 Personnel Expenses  421.35 1.09Deposits within India(%) 100.00 100.00 100.00 100.00 100.00 EBIDTA 766.07 12.21Deposits Outside India(%) 0.00 0.00 0.00 0.00 0.00 EBT 746.35 15.32Net Profit Per Branch  2.55 2.27 1.27 1.65 1.34 Adjusted PAT 512.05 17.29Deposits Per Branch  91.16 95.93 72.10 92.27 104.76 Reported PAT 512.05 17.29 OPM(%)  27.41 28.83 NPM(%)  18.32 18.44 Rate of Growth Capital Adequacy Ratio  0.00 0.00 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 29.63 12.05 15.69 77.15 24.38 Net Sales 1464.65 10.14Other Income (27.54) (37.76) 198.30 137.44 26.14 Other Income 212.49 (7.07)Total Operating Expenses 26.64 (1.98) 24.48 65.96 20.72 Personnel Expenses  215.16 4.35Personnel Expenses  34.34 (0.03) 12.40 77.22 21.75 EBIDTA 380.01 (1.56)EBIDTA 36.91 87.65 (14.29) 142.77 39.83 EBT 382.37 5.06EBT 45.90 91.19 7.34 95.69 42.42 Adjusted PAT 260.01 3.17Adjusted PAT 45.05 104.49 (5.80) 107.93 42.18 Reported PAT 260.01 3.17Reported PAT 45.81 103.23 (6.07) 107.92 42.07 OPM(%)  25.95 29.03 NPM(%)  17.75 18.95 Capital Adequacy Ratio  0.00 0.00 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Asim Ghosh Director 2011 514.9 333.25 40 25.89Dr.Sudipto Mundle Director 2010 878 434 79.10 39.10Mr.Prakash Apte Director 2009 849.8 208.05 111.67 27.34 Key Executives (Top Three)Name DesignationMs.Bina Chandarana Company Secretary & Compliance Officer GOLD SPONSORMr.Jaimin Bhatt Group Chief Financial OfficerNA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 33
  • 34. Industry etals ‐ Non Ferrous ‐ Copper/Copper Alloys ‐ ProGroup Sterlite Group Sterlite Industries (India) Ltd 28970.18 Face Value 1 Capital Employed RANK: 28 No. Of Equity Share 33612.08 Price 99.3 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 33376.80 18188.50 5.17 39059.74 In US $ million 648.60 353.45 5.17 759.03 RANK in 50 Stocks 28 27 39 32 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 15292.57 13114.88 11548.38 12673.58 11822.41 Promoter 1791932643 53.31Other Income 1162.50 1008.98 746.56 583.96 98.98 FII 415828117 12.37Operating Profit 1850.04 1537.88 1651.65 1430.42 1187.48 Mutual Funds and UTI 117283529 3.49EBITDA 1697.39 1387.24 1485.47 1291.44 1053.94 Banks and Insurance 180196903 5.36EBT 1423.48 1130.80 1281.55 1126.99 871.28 Other Investors 718718508 21.38Adjusted PAT 962.92 997.22 1132.83 974.15 743.01 General Public 137247834 4.08Reported PAT 1419.71 831.50 1236.43 951.63 784.03 GRAND TOTAL 3361207534 100Net Worth 23209.15 22235.48 14039.02 13156.30 4457.93 Valuation RatioEnterprise Value 39059.74 50473.38 44011.74 47440.45 46000.59 Annual TTMCapital Employed 28970.18 27557.68 17869.06 16414.11 7267.68 P/E 23.53 27.83Cash & Balances with RBI  2972.76 2981.87 2889.07 2765.34 2688.51 P/B 1.44 NAAdvances   720.35 265.81 32.16 52.49 32.23 P/S 2.18 1.84Investment 6237.85 10984.17 11661.85 12357.03 2912.96 EV/EBITDA 21.11 NA Dividend Yield 1.11 NAEPS (Rs.)  4.22 9.89 17.45 13.43 14.04Cash EPS (Rs.)  4.68 11.69 19.80 15.39 16.43 Latest Result (TTM)Dividend Per Share (Rs.) 1.10 3.75 3.50 4.00 4.00 TTM End September  11 Growth(%)Book Value (Rs.)  69.11 264.97 198.16 185.82 79.82 Net Sales 18188.50 11.63Sales Per Share (Rs.)  45.50 156.06 163.00 178.88 211.68 Other Income 1396.40 (3.64)Free Reserves Per Share (Rs.) 67.68 260.78 194.80 182.38 76.19 Personnel Expenses  2346.05 5.10 EBIDTA 2194.34 5.50 Ratio Analysis EBT 1617.97 (9.50)Capital Adequacy Ratio  12.10 11.73 14.30 11.29 10.04 Adjusted PAT 1199.44 (10.70)EBIDTAM(%) 11.10 10.58 12.86 10.19 8.91 Reported PAT 1199.44 (10.70)APATM(%) 6.30 7.60 9.81 7.69 6.28 OPM(%)  12.90 13.70Fund based income(%) 7.29 8.75 11.25 8.78 7.41 NPM(%)  12.06 12.77Fee based income(%) 4.90 3.02 6.92 5.80 10.79 Capital Adequacy Ratio  6.59 8.24Yield on Fund Advances  30.26 44.19 23.46 34.84 32.49 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.24 0.23 0.27 0.24 0.63 Half Year End September  11 Growth(%)Cost of Funds Ratio  5.16 4.41 4.00 4.58 4.40 Net Sales 8974.38 (2.60)Borrowings within India(%) 3.02 3.43 1.13 0.80 1.15 Other Income 783.11 27.69Borrowings from outside(%) 5.04 6.96 2.59 1.02 1.42 Personnel Expenses  1360.27 37.99Deposits within India(%) 5.16 7.02 8.98 5.94 6.84 EBIDTA 1284.92 41.29Deposits Outside India(%) 6.75 6.00 8.10 8.70 6.50 EBT 865.80 15.11Net Profit Per Branch  43.50 45.33 39.66 55.82 61.03 Adjusted PAT 600.03 0.10Deposits Per Branch  98.19 97.25 3.98 2.60 2.98 Reported PAT 600.03 0.10 OPM(%)  15.16 10.70 NPM(%)  14.32 9.87 Rate of Growth Capital Adequacy Ratio  6.69 6.51 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 16.60 13.56 (8.88) 7.20 5.28 Net Sales 4801.75 15.08Other Income 15.22 35.15 27.84 489.98 63.67 Other Income 393.52 1.01Total Operating Expenses 16.04 18.25 (10.01) 10.18 6.35 Personnel Expenses  702.47 6.79Personnel Expenses  20.30 (6.89) 15.47 20.46 9.27 EBIDTA 664.96 7.26EBIDTA 22.36 (6.61) 15.02 22.53 10.00 EBT 376.71 (22.98)EBT 25.88 (11.76) 13.71 29.35 10.32 Adjusted PAT 257.17 (24.99)Adjusted PAT (3.44) (11.97) 16.29 31.11 5.32 Reported PAT 257.17 (24.99)Reported PAT 70.74 (32.75) 29.93 21.38 12.61 OPM(%)  14.63 15.76 NPM(%)  13.85 14.86 Capital Adequacy Ratio  5.36 8.22 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.D D Jalan CFO & Wholetime Director 2011 195.9 98.2 54.9 27.52Mr.Anil Agarwal Chairman / Chair Person 2010 928 148.8 219.91 35.26Mr.Navin Agarwal Executive Vice Chairman 2009 902.2 234 91.22 23.66 Key Executives (Top Three)Name DesignationMr.Mahendra Singh Mehta Chief Executive Officer GOLD SPONSORMr.Rajiv Choubey Company Secretary & Compliance OfficerNA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 34
  • 35. Industry Steel Group Public Sector Steel Authority of India Ltd 57234.96 Face Value 10 Capital Employed RANK: 29 No. Of Equity Share 41304.01 Price 80.6 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 33291.03 45398.92 12.07 35977.26 In US $ million 646.93 882.22 12.07 699.13 RANK in 50 Stocks 29 8 32 33 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 42534.30 40595.90 43798.58 39958.67 34328.77 Promoter 3544690285 85.82Other Income 1893.66 2328.11 2279.89 1539.69 1354.96 FII 165284622 4Operating Profit 8857.99 11543.15 11221.33 12806.83 10999.47 Mutual Funds and UTI 31634549 0.77EBITDA 7374.67 10195.58 9808.19 11495.86 9659.40 Banks and Insurance 278355737 6.74EBT 6900.06 9793.57 9554.95 11244.92 9327.27 Other Investors 27220796 0.66Adjusted PAT 4595.72 6340.68 6270.67 7310.27 6073.47 General Public 83339301 2.02Reported PAT 4904.74 6754.37 6174.81 7536.78 6202.29 GRAND TOTAL 4130525290 100Net Worth 37069.47 33316.70 27984.10 23063.57 17313.15 Valuation RatioEnterprise Value 35977.26 82029.14 54074.95 60318.37 72057.01 Annual TTMCapital Employed 57234.96 49827.95 35522.89 26108.81 21493.67 P/E 6.79 8.38Cash & Balances with RBI  38260.60 35382.49 32728.69 30922.73 29912.71 P/B 0.90 NAAdvances   22228.43 15039.83 6544.24 2389.55 1236.04 P/S 0.78 0.73Investment 684.14 668.83 652.70 538.20 513.79 EV/EBITDA 4.06 NA Dividend Yield 2.98 NAEPS (Rs.)  11.87 16.35 14.95 18.25 15.02Cash EPS (Rs.)  15.47 19.62 18.37 21.42 18.26 Latest Result (TTM)Dividend Per Share (Rs.) 2.40 3.30 2.60 3.70 3.10 TTM End September  11 Growth(%)Book Value (Rs.)  89.75 80.66 67.75 55.84 41.92 Net Sales 45398.92 0.51Sales Per Share (Rs.)  102.98 98.29 106.04 96.74 83.11 Other Income 1632.36 7.57Free Reserves Per Share (Rs.) 78.84 69.93 57.16 45.02 30.72 Personnel Expenses  8447.69 (1.17) EBIDTA 6913.28 (1.78) Ratio Analysis EBT 6306.05 (3.31)Capital Adequacy Ratio  20.83 28.43 25.62 32.05 32.04 Adjusted PAT 4472.80 1.68EBIDTAM(%) 17.34 25.11 22.39 28.77 28.14 Reported PAT 3970.78 (13.04)APATM(%) 10.80 15.62 14.32 18.29 17.69 OPM(%)  18.61 18.93Fund based income(%) 14.29 18.94 17.54 21.58 21.60 NPM(%)  15.23 15.58Fee based income(%) 8.57 13.56 17.38 28.87 28.86 Capital Adequacy Ratio  9.85 9.74Yield on Fund Advances  23.49 23.54 20.32 23.71 23.83 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.54 0.49 0.26 0.13 0.24 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.16 1.20 1.35 1.31 1.16 Net Sales 21921.04 (6.64)Borrowings within India(%) 1.21 1.60 1.61 1.68 1.52 Other Income 956.46 40.96Borrowings from outside(%) 1.35 1.53 1.24 1.23 1.01 Personnel Expenses  3605.94 (25.10)Deposits within India(%) 5.13 6.02 5.86 8.62 7.50 EBIDTA 2837.35 (29.94)Deposits Outside India(%) 18.66 28.71 44.31 51.04 33.12 EBT 2466.12 (35.37)Net Profit Per Branch  2.30 1.92 1.84 3.08 3.40 Adjusted PAT 1852.96 (28.98)Deposits Per Branch  62.00 61.27 63.36 50.93 54.52 Reported PAT 1333.62 (48.99) OPM(%)  16.45 20.51 NPM(%)  12.94 17.25 Rate of Growth Capital Adequacy Ratio  8.45 11.11 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 4.77 (7.31) 9.61 16.40 4.38 Net Sales 10979.62 0.49Other Income (18.66) 2.12 48.07 13.63 6.92 Other Income 490.26 5.88Total Operating Expenses 13.35 (9.97) 21.49 16.23 7.58 Personnel Expenses  1817.40 2.42Personnel Expenses  (23.26) 2.87 (12.38) 16.43 (4.24) EBIDTA 1423.62 1.67EBIDTA (27.67) 3.95 (14.68) 19.01 (5.25) EBT 1223.61 (0.47)EBT (29.54) 2.50 (15.03) 20.56 (5.85) Adjusted PAT 1002.33 19.60Adjusted PAT (27.52) 1.12 (14.22) 20.36 (5.42) Reported PAT 494.64 (40.98)Reported PAT (27.38) 9.39 (18.07) 21.52 (4.59) OPM(%)  16.55 16.24 NPM(%)  12.97 12.82 Capital Adequacy Ratio  9.13 7.67 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.C S Verma Chairman / Chair Person 2011 189.5 80.2 19.71 8.34Mr.S Mukherjee Director (Commercial) 2010 258.55 167.35 21.78 14.10Mr.Anil Kumar Chaudhary Director (Finance) 2009 243.6 70 14.90 4.28 Key Executives (Top Three)Name DesignationMr.Pankaj Gautam Chief Executive Officer ‐ Bhilai Steel Plant GOLD SPONSORMr.S S Mohanty Chief Executive Officer ‐ Bokaro Steel PlantMr.P K Bajaj Chief Executive Officer ‐ Durgapur Steel Plant WWW.SWASTIKBUSINESSANALYTICS.COM Page: 35
  • 36. Industry Auto ‐ Cars & Jeeps Group MNC Associate Maruti Suzuki India Ltd 14176.8 Face Value 5 Capital Employed RANK: 30 No. Of Equity Share 2889.10 Price 968.65 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 27985.27 35947.55 14.53 25786.07 In US $ million 543.83 698.55 14.53 501.09 RANK in 50 Stocks 30 11 27 39 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 36561.50 29317.70 20729.40 18066.80 14806.40 Promoter 156618440 54.21Other Income 745.70 617.70 547.60 456.10 361.10 FII 55573585 19.24Operating Profit 4088.90 4355.60 2451.30 3007.40 2565.50 Mutual Funds and UTI 9250541 3.2EBITDA 3075.40 3530.60 1744.80 2439.20 2294.10 Banks and Insurance 41910567 14.51EBT 3051.00 3497.10 1693.80 2379.60 2256.50 Other Investors 18511809 6.41Adjusted PAT 2230.80 2402.20 1236.70 1616.30 1551.20 General Public 7045118 2.44Reported PAT 2288.60 2497.60 1218.70 1730.80 1562.00 GRAND TOTAL 288910060 100Net Worth 13867.50 11835.10 9344.90 8415.40 6853.90 Valuation RatioEnterprise Value 25786.07 40750.24 30083.52 21594.40 27593.41 Annual TTMCapital Employed 14176.80 12656.50 10043.80 9315.60 7484.70 P/E 12.23 13.89Cash & Balances with RBI  11737.70 10406.70 8720.60 7285.30 6146.80 P/B 2.02 NAAdvances   1428.60 387.60 861.30 736.30 238.90 P/S 0.77 0.78Investment 5106.70 7176.60 3173.30 5180.70 3409.20 EV/EBITDA 6.31 NA Dividend Yield 0.77 NAEPS (Rs.)  79.21 86.45 42.18 59.91 54.07Cash EPS (Rs.)  114.30 115.00 66.64 79.57 63.46 Latest Result (TTM)Dividend Per Share (Rs.) 7.50 6.00 3.50 5.00 4.50 TTM End September  11 Growth(%)Book Value (Rs.)  479.84 409.52 323.35 291.19 237.16 Net Sales 35947.55 (3.53)Sales Per Share (Rs.)  1265.50 1014.77 717.50 625.34 512.49 Other Income 545.95 (2.89)Free Reserves Per Share (Rs.) 474.32 403.82 318.45 286.28 231.89 Personnel Expenses  3766.05 (11.35) EBIDTA 2723.60 (15.79) Ratio Analysis EBT 2700.22 (15.93)Capital Adequacy Ratio  11.18 14.86 11.83 16.65 17.33 Adjusted PAT 2014.70 (15.08)EBIDTAM(%) 8.41 12.04 8.42 13.50 15.49 Reported PAT 2014.70 (15.08)APATM(%) 6.10 8.19 5.97 8.95 10.48 OPM(%)  10.48 11.40Fund based income(%) 8.87 11.01 9.37 12.09 12.31 NPM(%)  7.58 8.68Fee based income(%) 16.14 19.73 12.13 18.58 20.87 Capital Adequacy Ratio  5.60 6.37Yield on Fund Advances  11.00 8.09 9.70 9.78 9.72 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.02 0.06 0.07 0.10 0.09 Half Year End September  11 Growth(%)Cost of Funds Ratio  3.13 2.82 2.38 2.48 2.41 Net Sales 16353.03 (16.51)Borrowings within India(%) 1.47 0.91 1.51 0.91 1.40 Other Income 297.82 20.02Borrowings from outside(%) 1.14 0.67 1.26 0.66 1.13 Personnel Expenses  1606.40 (25.62)Deposits within India(%) 33.33 30.47 30.46 22.93 28.76 EBIDTA 1097.56 (32.50)Deposits Outside India(%) 167.58 130.02 48.06 50.46 68.23 EBT 1080.89 (33.25)Net Profit Per Branch  9.56 15.49 7.24 4.10 3.90 Adjusted PAT 789.68 (35.54)Deposits Per Branch  11.99 12.89 11.70 10.84 12.62 Reported PAT 789.68 (35.54) OPM(%)  9.82 11.03 NPM(%)  6.71 8.30 Rate of Growth Capital Adequacy Ratio  4.83 6.25 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 24.71 41.43 14.74 22.02 19.82 Net Sales 7831.62 (8.18)Other Income 20.72 12.80 20.06 26.31 15.61 Other Income 117.74 (34.61)Total Operating Expenses 29.86 35.88 21.33 23.12 21.39 Personnel Expenses  611.93 (38.47)Personnel Expenses  (6.12) 77.69 (18.49) 17.22 9.77 EBIDTA 345.56 (54.05)EBIDTA (12.89) 102.35 (28.47) 6.32 6.04 EBT 334.64 (55.16)EBT (12.76) 106.46 (28.82) 5.46 6.22 Adjusted PAT 240.44 (56.22)Adjusted PAT (7.14) 94.24 (23.49) 4.20 7.54 Reported PAT 240.44 (56.22)Reported PAT (8.37) 104.94 (29.59) 10.81 7.94 OPM(%)  7.81 11.66 NPM(%)  4.41 8.82 Capital Adequacy Ratio  3.07 6.44 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.R C Bhargava Chairman / Chair Person 2011 1452.2 910 20.82 13.05Mr.Tsuneo Ohashi Director 2010 1599.9 1171 20.20 14.78Mr.Shuji Oishi Director 2009 1740 428.4 20.13 4.96 Key Executives (Top Three)Name DesignationMr.Ajay Seth Chief Financial Officer GOLD SPONSORMr.S Ravi Aiyar Chief General Manager(Legal) & Co. SecretaryMr.S Y Siddiqui Managing Executive Officer WWW.SWASTIKBUSINESSANALYTICS.COM Page: 36
  • 37. Industry Finance ‐ Banks ‐ Public Sector Group Public Sector Punjab National Bank 376854.49 Face Value 10 Capital Employed RANK: 31 No. Of Equity Share 3168.10 Price 882.9 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 27971.15 31826.66 0.63 42197.90 In US $ million 543.55 618.47 0.63 820.01 RANK in 50 Stocks 31 14 45 30 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 29804.40 24524.78 21907.42 15925.65 12104.24 Promoter 183750957 58Other Income 644.16 436.59 553.00 231.62 186.67 FII 59443858 18.76Operating Profit 6513.14 6042.23 4776.37 3462.47 2350.08 Mutual Funds and UTI 14134719 4.46EBITDA 7157.30 6478.82 5329.37 3694.09 2536.75 Banks and Insurance 42214164 13.32EBT 6560.67 5902.37 4765.16 3294.79 2168.37 Other Investors 4686431 1.48Adjusted PAT 4430.44 3902.94 3089.12 2047.64 1539.32 General Public 12582028 3.97Reported PAT 4433.50 3905.36 3090.88 2048.76 1540.08 GRAND TOTAL 316812157 100Net Worth 733671.19 574050.66 477669.87 384186.69 314115.70 Valuation RatioEnterprise Value 42197.90 41374.38 20469.69 18020.13 13823.35 Annual TTMCapital Employed 376854.49 295140.79 245404.88 197484.67 162128.65 P/E 6.31 6.08Cash & Balances with RBI  23776.90 18327.58 17058.25 15258.15 12372.03 P/B 1.40 NAAdvances   242106.67 186601.21 154702.99 119501.57 96596.52 P/S 0.94 0.88Investment 95162.35 77724.47 63385.18 53991.71 45189.84 EV/EBITDA 6.48 NA Dividend Yield 2.49 NAEPS (Rs.)  139.94 123.27 97.56 64.67 48.61Cash EPS (Rs.)  158.77 141.47 115.37 77.27 60.24 Latest Result (TTM)Dividend Per Share (Rs.) 22.00 21.90 19.90 12.94 12.94 TTM End September  11 Growth(%)Book Value (Rs.)  632.49 512.32 414.76 340.35 320.12 Net Sales 31826.66 8.51Sales Per Share (Rs.)  940.77 774.12 691.50 502.69 382.07 Other Income 3975.12 4.48Free Reserves Per Share (Rs.) 622.49 502.37 404.80 330.40 310.16 Personnel Expenses  4805.85 2.72 EBIDTA 9859.14 4.53 Ratio Analysis EBT 6813.48 3.55Capital Adequacy Ratio  12.42 14.16 14.03 13.46 12.29 Adjusted PAT 4600.77 2.92EBIDTAM(%) 24.01 26.42 24.33 23.20 20.96 Reported PAT 4600.77 2.92APATM(%) 14.87 15.91 14.10 12.86 12.72 OPM(%)  30.98 32.16Fund based income(%) 93.08 93.07 93.56 93.00 92.25 NPM(%)  14.46 15.24Fee based income(%) 6.91 6.92 6.43 6.99 7.74 Capital Adequacy Ratio  11.38 11.52Yield on Fund Advances  8.71 8.95 9.46 8.73 7.91 Latest Result (Half Yearly)Break‐Even Yield Ratio  6.26 6.93 7.94 7.30 6.23 Half Year End September  11 Growth(%)Cost of Funds Ratio  4.40 4.81 5.74 5.07 4.24 Net Sales 17267.25 18.60Borrowings within India(%) 72.02 72.80 8.45 43.04 47.95 Other Income 1972.53 (1.50)Borrowings from outside(%) 27.97 27.19 91.54 56.95 52.04 Personnel Expenses  2453.06 4.26Deposits within India(%) 98.19 98.24 98.69 99.93 99.96 EBIDTA 5001.70 2.97Deposits Outside India(%) 1.80 1.75 1.30 0.06 0.03 EBT 3397.86 (0.52)Net Profit Per Branch  0.85 0.78 0.66 0.48 0.37 Adjusted PAT 2310.10 0.85Deposits Per Branch  60.30 49.85 44.94 39.01 33.73 Reported PAT 2310.10 0.85 OPM(%)  28.97 33.36 NPM(%)  13.38 15.73 Rate of Growth Capital Adequacy Ratio  11.76 11.76 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 21.53 11.95 37.56 31.57 19.75 Net Sales 8952.01 7.66Other Income 47.54 (21.05) 138.75 24.08 28.11 Other Income 888.86 (17.98)Total Operating Expenses 26.02 7.89 37.45 27.77 19.01 Personnel Expenses  1240.42 2.29Personnel Expenses  42.93 6.73 18.80 4.64 13.65 EBIDTA 2527.77 2.18EBIDTA 10.47 21.57 44.27 45.62 23.05 EBT 1817.45 15.00EBT 11.15 23.87 44.63 51.95 24.79 Adjusted PAT 1205.03 9.05Adjusted PAT 13.52 26.34 50.86 33.02 23.54 Reported PAT 1205.03 9.05Reported PAT 13.52 26.35 50.87 33.03 23.55 OPM(%)  28.24 29.75 NPM(%)  13.46 13.29 Capital Adequacy Ratio  11.07 11.45 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.K R Kamath Chairman and Managing director 2011 1237 846 8.52 5.83Mr.Jasbir Singh Director 2010 1395 842.1 9.97 6.02Mr.V K Mishra Director 2009 943 286.2 7.65 2.32 Key Executives (Top Three)Name DesignationMr.Arti Mattoo Asst. General Manager GOLD SPONSORMr.V K Khanna Chief Financial OfficerMr.Ranjan Dhawan Chief General Manager WWW.SWASTIKBUSINESSANALYTICS.COM Page: 37
  • 38. Industry Pharmaceuticals Group Reddy Group Dr Reddys Laboratories Ltd 7465 Face Value 5 Capital Employed RANK: 32 No. Of Equity Share 1692.53 Price 1574.7 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 26652.27 6080.36 16.96 28030.87 In US $ million 517.92 118.16 16.96 544.71 RANK in 50 Stocks 32 41 22 36 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 5188.50 4395.60 3999.50 3343.89 3783.26 Promoter 43417812 25.61Other Income 115.50 181.30 249.70 156.64 272.74 FII 44618735 26.32Operating Profit 1335.00 1269.80 1007.70 739.35 1600.08 Mutual Funds and UTI 10635465 6.27EBITDA 1060.30 1028.10 794.40 556.65 1448.42 Banks and Insurance 13812222 8.15EBT 1050.40 1012.10 767.00 541.96 1396.47 Other Investors 42898321 25.3Adjusted PAT 891.90 773.40 598.40 433.08 1207.48 General Public 14143931 8.34Reported PAT 893.40 846.10 560.90 475.22 1176.86 GRAND TOTAL 169526486 100Net Worth 6020.20 5914.60 5259.10 4811.80 4373.36 Valuation RatioEnterprise Value 28030.87 24730.07 13724.15 9570.11 10752.96 Annual TTMCapital Employed 7465.00 6477.80 5899.40 5274.12 4703.26 P/E 29.84 26.10Cash & Balances with RBI  3025.00 2425.70 2157.30 1750.21 1291.19 P/B 4.43 NAAdvances   570.40 745.40 411.20 245.71 280.61 P/S 5.14 4.38Investment 2462.00 2652.70 1865.10 2080.71 966.99 EV/EBITDA 21.00 NA Dividend Yield 0.71 NAEPS (Rs.)  52.78 50.11 33.29 28.26 70.09Cash EPS (Rs.)  69.02 64.43 45.96 39.12 79.12 Latest Result (TTM)Dividend Per Share (Rs.) 11.25 11.25 6.25 3.75 3.75 TTM End September  11 Growth(%)Book Value (Rs.)  355.80 350.39 312.30 286.12 260.45 Net Sales 6080.36 6.11Sales Per Share (Rs.)  306.55 260.33 237.40 198.84 225.31 Other Income 134.91 (22.56)Free Reserves Per Share (Rs.) 346.32 341.13 304.97 278.46 254.35 Personnel Expenses  1635.26 (3.33) EBIDTA 1307.80 (4.97) Ratio Analysis EBT 1271.99 (6.20)Capital Adequacy Ratio  25.73 28.89 25.20 22.11 42.29 Adjusted PAT 1021.19 (7.41)EBIDTAM(%) 20.44 23.39 19.86 16.65 38.28 Reported PAT 1021.19 (7.41)APATM(%) 17.19 17.59 14.96 12.95 31.92 OPM(%)  26.89 29.52Fund based income(%) 22.48 23.09 20.30 18.42 35.93 NPM(%)  21.51 24.02Fee based income(%) 11.97 13.06 9.51 9.01 25.02 Capital Adequacy Ratio  16.79 19.25Yield on Fund Advances  34.20 26.19 21.94 15.52 6.25 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.23 0.09 0.12 0.09 0.07 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.75 1.86 1.91 1.97 3.06 Net Sales 3343.94 22.20Borrowings within India(%) 1.66 1.49 1.85 1.82 2.56 Other Income 68.59 3.42Borrowings from outside(%) 1.91 1.45 2.13 1.94 2.81 Personnel Expenses  937.15 34.24Deposits within India(%) 5.36 5.39 6.09 5.90 8.72 EBIDTA 794.82 54.94Deposits Outside India(%) 134.85 79.36 36.78 50.33 30.80 EBT 763.80 50.30Net Profit Per Branch  72.23 71.92 78.09 70.77 81.74 Adjusted PAT 592.55 38.24Deposits Per Branch  42.76 30.36 38.75 26.37 36.74 Reported PAT 592.55 38.24 OPM(%)  28.03 25.51 NPM(%)  23.77 18.75 Rate of Growth Capital Adequacy Ratio  17.72 15.66 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 18.04 9.90 19.61 (11.61) 6.52 Net Sales 1646.98 (2.95)Other Income (36.29) (27.39) 59.41 (42.57) (15.79) Other Income 13.05 (76.50)Total Operating Expenses 20.01 2.02 17.40 12.43 10.08 Personnel Expenses  269.85 (59.56)Personnel Expenses  5.13 26.01 36.30 (53.79) (3.56) EBIDTA 196.45 (67.17)EBIDTA 3.13 29.42 42.71 (61.57) (6.05) EBT 180.67 (69.02)EBT 3.78 31.96 41.52 (61.19) (5.54) Adjusted PAT 138.50 (69.50)Adjusted PAT 15.32 29.24 38.17 (64.13) (5.88) Reported PAT 138.50 (69.50)Reported PAT 5.59 50.85 18.03 (59.62) (5.36) OPM(%)  16.38 39.32 NPM(%)  11.93 35.26 Capital Adequacy Ratio  8.41 26.76 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Sridar Iyengar Additional Director 2011 1728.9 1387 28.65 22.99Dr.K Anji Reddy Chairman / Chair Person 2010 1855 1051.2 35.15 19.92Dr.Omkar Goswami Independent Director 2009 1241.9 357 24.78 7.12 Key Executives (Top Three)Name DesignationMr.Sandeep Poddar Company Secretary & Compliance Officer GOLD SPONSORMr.Vilas M Dholye Exe. VP ‐ Formulations ManufacturingMr.K B Sankara Rao Exe. VP ‐ Integrated Product Development WWW.SWASTIKBUSINESSANALYTICS.COM Page: 38
  • 39. Industry Computers ‐ Software Group HCL Group HCL Technologies Ltd 6889.31 Face Value 2 Capital Employed RANK: 33 No. Of Equity Share 6886.89 Price 386.45 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 26614.39 7275.37 22.68 27476.85 In US $ million 517.19 141.38 22.68 533.95 RANK in 50 Stocks 33 38 15 37 Financial Performance (Annual) Share Holding Information Year End June  11 June  10 June  09 June  08 June  07 Shares (%)Net Sales 6794.48 5078.76 4675.09 4615.39 3768.62 Promoter 443342144 64.27Other Income 161.25 155.26 158.67 62.85 16.07 FII 141444358 20.51Operating Profit 1752.55 1568.91 1548.34 1289.81 953.15 Mutual Funds and UTI 22478904 3.26EBITDA 1461.18 1294.88 1296.45 1071.94 774.94 Banks and Insurance 23847332 3.46EBT 1359.79 1193.52 1261.10 1047.01 754.34 Other Investors 34807831 5.05Adjusted PAT 1268.19 1093.51 1064.49 952.41 678.47 General Public 23876963 3.46Reported PAT 1198.28 1056.58 997.31 780.65 1101.82 GRAND TOTAL 689797532 100Net Worth 5859.15 4935.86 3488.24 3214.83 3425.02 Valuation RatioEnterprise Value 27476.85 27845.85 14783.32 13874.66 32022.79 Annual TTMCapital Employed 6889.31 6333.25 4001.97 3240.16 3465.91 P/E 22.21 19.00Cash & Balances with RBI  2880.57 2293.37 1957.86 1599.61 1332.67 P/B 4.54 NAAdvances   568.73 477.20 417.56 419.03 212.86 P/S 3.92 3.66Investment 2653.27 2233.20 562.75 1797.34 1988.86 EV/EBITDA 15.68 NA Dividend Yield 1.94 NAEPS (Rs.)  17.40 15.57 14.88 11.72 16.60Cash EPS (Rs.)  21.63 19.60 18.64 14.99 19.29 Latest Result (TTM)Dividend Per Share (Rs.) 7.50 4.00 7.00 9.00 8.00 TTM End September  11 Growth(%)Book Value (Rs.)  85.08 72.71 52.04 48.25 51.60 Net Sales 7275.37 7.08Sales Per Share (Rs.)  98.66 74.82 69.75 69.26 56.78 Other Income 173.06 4.55Free Reserves Per Share (Rs.) 71.21 64.74 56.44 49.10 47.51 Personnel Expenses  1942.89 15.47 EBIDTA 1642.87 18.09 Ratio Analysis EBT 1545.47 19.82Capital Adequacy Ratio  25.79 30.89 33.12 27.95 25.29 Adjusted PAT 1329.13 17.99EBIDTAM(%) 21.51 25.50 27.73 23.23 20.56 Reported PAT 1400.92 16.91APATM(%) 18.67 21.53 22.77 20.64 18.00 OPM(%)  26.71 24.76Fund based income(%) 22.95 26.93 28.16 25.36 22.73 NPM(%)  22.58 20.48Fee based income(%) 17.39 16.68 24.92 24.09 31.79 Capital Adequacy Ratio  18.27 16.58Yield on Fund Advances  49.97 29.86 55.08 89.70 55.10 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.17 0.28 0.14 0.01 0.01 Half Year End June  11 Growth(%)Cost of Funds Ratio  2.73 2.56 2.73 3.27 3.13 Net Sales 3647.09 15.88Borrowings within India(%) 2.09 1.92 1.50 1.12 1.41 Other Income 85.72 6.42Borrowings from outside(%) 1.97 2.19 1.71 1.06 1.39 Personnel Expenses  956.03 31.57Deposits within India(%) 59.62 1131.13 53.73 0.00 0.00 EBIDTA 810.24 39.45Deposits Outside India(%) 17.29 15.48 43.80 51.74 46.27 EBT 760.55 43.68Net Profit Per Branch  74.42 97.82 97.80 98.49 98.87 Adjusted PAT 717.41 49.19Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 717.41 49.19 OPM(%)  26.21 23.09 NPM(%)  22.22 18.46 Rate of Growth Capital Adequacy Ratio  19.67 15.28 Latest Result (Quarterly) June  11 June  10 June  09 June  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 33.78 8.63 1.29 22.47 12.51 Net Sales 1979.22 1.53Other Income 3.86 (2.15) 152.46 291.10 58.60 Other Income 49.55 5.16Total Operating Expenses 41.97 11.56 (3.04) 19.67 12.94 Personnel Expenses  580.60 5.57Personnel Expenses  11.70 1.33 20.04 35.32 12.95 EBIDTA 498.52 5.24EBIDTA 12.84 (0.12) 20.94 38.33 13.52 EBT 476.23 6.18EBT 13.93 (5.36) 20.45 38.80 12.51 Adjusted PAT 397.55 3.10Adjusted PAT 15.97 2.73 11.77 40.38 13.33 Reported PAT 397.55 3.10Reported PAT 13.41 5.94 27.75 (29.15) 1.69 OPM(%)  29.33 28.21 NPM(%)  25.19 24.30 Capital Adequacy Ratio  20.09 19.78 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Sudhindar Krishan Khanna Additional Director 2011 528.4 360.1 25.98 17.7Mr.Shiv Nadar Chairman & Chief Strategy Officer 2010 462.9 318.3 26.60 18.29Ms.Robin Abrams Non Executive Director 2009 377.45 89.1 24.24 5.72 Key Executives (Top Three)Name DesignationMr.Vineet Nayar Chief Executive Officer GOLD SPONSORMr.Anil Chanana Chief Financial OfficerMr.Prahlad Rai Bansal Corporate Vice President ‐ Finance WWW.SWASTIKBUSINESSANALYTICS.COM Page: 39
  • 40. Industry Pharmaceuticals Group Cipla Group Cipla Ltd 7045.37 Face Value 2 Capital Employed RANK: 34 No. Of Equity Share 8029.21 Price 327.95 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 26331.79 6592.31 15.28 26689.05 In US $ million 511.69 128.11 15.28 518.64 RANK in 50 Stocks 34 40 24 38 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 6319.35 5605.69 5234.29 4203.29 3561.99 Promoter 295485978 36.8Other Income 90.67 94.21 90.05 64.91 65.78 FII 108970923 13.57Operating Profit 1371.99 1475.14 1334.89 917.08 887.61 Mutual Funds and UTI 59255256 7.38EBITDA 1143.13 1309.89 1183.10 786.40 784.24 Banks and Insurance 100193420 12.48EBT 1132.26 1281.59 1130.87 768.35 773.08 Other Investors 71986889 8.97Adjusted PAT 941.26 1038.09 1006.37 631.42 633.13 General Public 167028891 20.8Reported PAT 960.39 1081.49 776.81 701.43 668.03 GRAND TOTAL 802921357 100Net Worth 6603.98 5905.12 4341.78 3746.85 3227.30 Valuation RatioEnterprise Value 26689.05 27247.56 21664.23 15656.48 16373.48 Annual TTMCapital Employed 7045.37 5910.19 5282.02 4327.38 3350.86 P/E 27.42 26.10Cash & Balances with RBI  3929.00 2895.44 2693.29 2201.79 1799.71 P/B 3.98 NAAdvances   253.07 684.24 366.32 233.12 73.19 P/S 4.17 3.99Investment 570.28 265.10 81.32 94.75 117.80 EV/EBITDA 19.45 NA Dividend Yield 0.85 NAEPS (Rs.)  11.96 13.47 9.99 9.02 8.59Cash EPS (Rs.)  14.81 15.53 11.95 10.71 9.92 Latest Result (TTM)Dividend Per Share (Rs.) 2.80 2.00 2.00 2.00 2.00 TTM End September  11 Growth(%)Book Value (Rs.)  82.36 73.66 55.97 48.32 41.63 Net Sales 6592.31 2.53Sales Per Share (Rs.)  78.70 69.82 67.34 54.08 45.83 Other Income 95.20 8.76Free Reserves Per Share (Rs.) 80.25 71.54 53.86 46.20 39.52 Personnel Expenses  1522.64 5.45 EBIDTA 1251.87 6.55 Ratio Analysis EBT 1240.50 6.43Capital Adequacy Ratio  21.71 26.32 25.50 21.82 24.92 Adjusted PAT 1009.00 4.77EBIDTAM(%) 18.09 23.37 22.60 18.71 22.02 Reported PAT 1009.00 4.77APATM(%) 14.89 18.52 19.23 15.02 17.77 OPM(%)  23.10 22.46Fund based income(%) 18.52 21.47 22.13 18.13 20.68 NPM(%)  18.99 18.27Fee based income(%) 13.63 18.30 14.71 16.21 19.94 Capital Adequacy Ratio  15.31 14.98Yield on Fund Advances  27.23 17.31 23.41 25.92 27.22 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.06 0.00 0.21 0.15 0.03 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.61 1.94 1.94 1.91 1.98 Net Sales 3369.44 4.55Borrowings within India(%) 1.94 2.17 1.81 2.62 2.65 Other Income 49.16 6.78Borrowings from outside(%) 1.56 1.57 1.93 1.88 1.76 Personnel Expenses  856.31 28.51Deposits within India(%) 3.73 4.18 3.79 3.83 3.74 EBIDTA 720.44 35.57Deposits Outside India(%) 126.22 52.13 25.56 50.81 79.53 EBT 713.81 35.53Net Profit Per Branch  54.08 54.54 56.55 53.65 52.36 Adjusted PAT 562.31 25.88Deposits Per Branch  40.63 43.85 42.63 44.03 42.17 Reported PAT 562.31 25.88 OPM(%)  25.41 20.68 NPM(%)  21.38 16.49 Rate of Growth Capital Adequacy Ratio  16.69 13.86 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 12.73 7.10 24.53 18.00 12.15 Net Sales 1778.02 11.73Other Income (3.76) 4.62 38.73 (1.32) 6.63 Other Income 24.31 (2.17)Total Operating Expenses 19.25 5.90 19.05 22.30 12.95 Personnel Expenses  461.92 17.12Personnel Expenses  (6.99) 10.51 45.56 3.32 9.10 EBIDTA 396.30 22.26EBIDTA (12.73) 10.72 50.45 0.28 7.83 EBT 393.92 23.14EBT (11.65) 13.33 47.18 (0.61) 7.93 Adjusted PAT 308.97 21.96Adjusted PAT (9.33) 3.15 59.38 (0.27) 8.25 Reported PAT 308.97 21.96Reported PAT (11.20) 39.22 10.75 5.00 7.53 OPM(%)  25.98 24.78 NPM(%)  22.29 20.37 Capital Adequacy Ratio  17.38 15.92 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EDr.Ranjan Pai Additional Director 2011 380.8 273.6 30.3 21.77Dr.Y K Hamied Chairman and Managing director 2010 380 300.1 31.77 25.09Mr.M K Hamied Joint Managing Director 2009 363 171.6 26.95 12.74 Key Executives (Top Three)Name DesignationMr.V S Mani Chief Financial Officer GOLD SPONSORMr.Mital Sanghvi Co.Secretary & Compl. OfficerNA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 40
  • 41. Industry Power ‐ Generation/Distribution Group ADA Ent. Group Reliance Power Ltd 17450.62 Face Value 10 Capital Employed RANK: 35 No. Of Equity Share 28051.26 Price 85.4 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 23955.78 62.45 1.70 24274.91 In US $ million 465.52 1.21 1.70 471.72 RANK in 50 Stocks 35 49 40 41 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 36.38 8.55 0.00 0.00 2.25 Promoter 2255896656 80.42Other Income 243.59 215.24 273.81 112.83 0.00 FII 122689610 4.37Operating Profit 106.71 126.88 200.34 87.39 1.37 Mutual Funds and UTI 5799561 0.21EBITDA 105.57 126.37 200.14 87.39 1.37 Banks and Insurance 44087186 1.57EBT 63.22 124.67 198.38 81.67 0.55 Other Investors 66514961 2.37Adjusted PAT 63.19 108.96 190.81 75.47 0.17 General Public 310138492 11.06Reported PAT 274.55 273.23 248.90 94.67 0.16 GRAND TOTAL 2805126466 100Net Worth 15896.56 14066.04 13792.81 13542.68 200.06 Valuation RatioEnterprise Value 24274.91 38370.43 35871.72 76693.59 0.00 Annual TTMCapital Employed 17450.62 14066.04 13792.81 13542.67 200.06 P/E 88.04 88.40Cash & Balances with RBI  96.53 81.16 78.18 67.41 67.27 P/B 1.51 NAAdvances   58.86 55.30 55.84 61.14 53.57 P/S 711.67 383.60Investment 8578.32 7213.04 6282.71 8489.75 41.28 EV/EBITDA 227.48 NA Dividend Yield 0.00 NAEPS (Rs.)  0.97 1.14 1.04 0.41 0.01Cash EPS (Rs.)  0.98 1.14 1.04 0.41 0.01 Latest Result (TTM)Dividend Per Share (Rs.) 0.00 0.00 0.00 0.00 0.00 TTM End September  11 Growth(%)Book Value (Rs.)  56.67 58.69 57.55 59.92 10.00 Net Sales 62.45 28.02Sales Per Share (Rs.)  0.12 0.03 0.00 0.00 0.11 Other Income 462.84 40.18Free Reserves Per Share (Rs.) 46.60 48.69 47.55 49.92 0.00 Personnel Expenses  326.94 62.00 EBIDTA 324.86 62.20 Ratio Analysis EBT 236.29 73.76Capital Adequacy Ratio  293.32 1483.98 NA NA 60.89 Adjusted PAT 270.98 42.16EBIDTAM(%) 290.19 1478.01 NA NA 60.89 Reported PAT 270.98 42.16APATM(%) 173.69 1274.39 NA NA 7.56 OPM(%)  523.52 413.74Fund based income(%) 176.83 1280.35 NA NA 7.56 NPM(%)  520.19 410.58Fee based income(%) 1.57 1.94 1.80 0.70 0.08 Capital Adequacy Ratio  433.92 390.77Yield on Fund Advances  0.00 0.00 0.00 0.00 0.00 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.09 0.00 0.00 0.00 0.00 Half Year End September  11 Growth(%)Cost of Funds Ratio  0.37 0.10 0.00 0.00 0.03 Net Sales 28.73 (14.82)Borrowings within India(%) 26.50 189.31 167.36 12.60 9.16 Other Income 294.54 75.01Borrowings from outside(%) 74.44 189.31 167.36 12.60 9.16 Personnel Expenses  245.92 203.46Deposits within India(%) 0.00 0.00 0.00 0.00 0.00 EBIDTA 244.58 204.58Deposits Outside India(%) 2.52 74.91 113.42 15.27 1.67 EBT 198.37 422.71Net Profit Per Branch  0.00 0.00 0.00 0.00 0.00 Adjusted PAT 173.40 77.65Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 173.40 77.65 OPM(%)  855.97 240.26 NPM(%)  851.31 238.07 Rate of Growth Capital Adequacy Ratio  603.55 289.39 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 325.50 NA NA (100.00) 74.48 Net Sales 15.00 9.33Other Income 13.17 (21.39) 142.67 NA NA Other Income 188.76 78.45Total Operating Expenses 78.78 31.90 188.91 2789.77 187.64 Personnel Expenses  153.72 66.74Personnel Expenses  (15.90) (36.67) 129.25 6278.83 138.94 EBIDTA 152.97 67.00EBIDTA (16.46) (36.86) 129.02 6278.83 138.43 EBT 128.69 84.74EBT (49.29) (37.16) 142.90 14749.09 158.28 Adjusted PAT 108.75 68.27Adjusted PAT (42.01) (42.90) 152.83 44294.12 226.62 Reported PAT 108.75 68.27Reported PAT 0.48 9.78 162.91 59068.75 343.51 OPM(%)  1024.80 671.94 NPM(%)  1019.80 667.64 Capital Adequacy Ratio  725.00 471.06 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Anil Dhirubhai Ambani Chairman / Chair Person 2011 162.1 75.25 167.8 77.9Mr.S L Rao Director 2010 191 130 196.91 134.02Mr.J L Bajaj Director 2009 210 89.45 184.21 78.46 Key Executives (Top Three)Name DesignationMr.Jayarama Chalasani Chief Executive Officer GOLD SPONSORMr.Ramaswami Kalidas Company Secretary & ManagerNA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 41
  • 42. Industry Aluminium Group Birlas (Aditya Vikram) Group Hindalco Industries Ltd 36971.6 Face Value 1 Capital Employed RANK: 36 No. Of Equity Share 19143.98 Price 122.65 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 23480.09 25123.76 7.76 30526.64 In US $ million 456.28 488.22 7.76 593.21 RANK in 50 Stocks 36 20 38 35 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 23757.14 19456.98 18159.81 19118.01 18312.93 Promoter 613797188 32.06Other Income 422.19 302.12 621.10 527.95 321.13 FII 540691408 28.24Operating Profit 3981.63 3228.62 3532.31 3797.36 4331.89 Mutual Funds and UTI 47254491 2.47EBITDA 3294.15 2557.26 2887.97 3205.93 3775.09 Banks and Insurance 222284951 11.61EBT 2683.89 1943.48 2551.04 2925.30 3532.70 Other Investors 340037257 17.76Adjusted PAT 2215.23 1481.38 1940.16 2219.96 2592.40 General Public 150420851 7.86Reported PAT 2136.92 1915.63 2230.27 2860.94 2564.33 GRAND TOTAL 1914486146 100Net Worth 29700.10 27910.97 23758.32 17435.83 12418.05 Valuation RatioEnterprise Value 30526.64 42212.50 24483.32 24083.60 26931.61 Annual TTMCapital Employed 36971.60 34267.87 32082.61 25764.40 19786.64 P/E 10.99 10.14Cash & Balances with RBI  14287.32 13793.35 13393.07 12608.46 11252.66 P/B 0.79 NAAdvances   9464.05 3702.79 1389.63 1119.87 1476.43 P/S 0.99 0.93Investment 18246.75 21480.83 19148.84 14107.99 8675.32 EV/EBITDA 7.67 NA Dividend Yield 1.22 NAEPS (Rs.)  11.16 10.01 13.12 23.31 22.12Cash EPS (Rs.)  14.75 13.52 16.91 28.13 26.92 Latest Result (TTM)Dividend Per Share (Rs.) 1.50 1.35 1.35 1.85 1.70 TTM End September  11 Growth(%)Book Value (Rs.)  155.12 145.85 139.71 142.16 119.03 Net Sales 25123.76 1.67Sales Per Share (Rs.)  124.10 101.68 106.81 155.79 157.96 Other Income 519.72 22.07Free Reserves Per Share (Rs.) 108.14 98.72 86.31 138.43 103.16 Personnel Expenses  3710.63 1.78 EBIDTA 3014.55 2.12 Ratio Analysis EBT 2772.32 1.75Capital Adequacy Ratio  16.76 16.59 19.45 19.86 23.65 Adjusted PAT 2304.39 3.07EBIDTAM(%) 13.87 13.14 15.90 16.77 20.61 Reported PAT 2315.23 3.06APATM(%) 9.32 7.61 10.68 11.61 14.16 OPM(%)  14.77 14.75Fund based income(%) 12.22 11.06 14.23 14.71 17.20 NPM(%)  12.00 11.95Fee based income(%) 5.78 5.59 6.95 11.10 12.96 Capital Adequacy Ratio  9.17 9.05Yield on Fund Advances  15.61 15.72 12.04 9.27 7.88 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.24 0.22 0.35 0.48 0.59 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.67 1.42 1.37 1.53 1.64 Net Sales 12302.74 (4.04)Borrowings within India(%) 0.96 1.02 1.20 1.08 1.22 Other Income 353.54 113.32Borrowings from outside(%) 0.34 0.38 0.88 0.52 0.66 Personnel Expenses  1890.28 3.84Deposits within India(%) 3.43 3.63 5.16 4.32 4.89 EBIDTA 1540.82 4.55Deposits Outside India(%) 6.52 5.26 10.48 13.53 17.87 EBT 1406.59 2.99Net Profit Per Branch  29.87 27.12 28.38 33.65 38.10 Adjusted PAT 1146.52 (0.98)Deposits Per Branch  88.47 89.76 86.35 90.35 89.50 Reported PAT 1146.52 (1.90) OPM(%)  15.36 14.20 NPM(%)  12.52 11.49 Rate of Growth Capital Adequacy Ratio  9.32 9.03 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 22.10 7.14 (5.01) 4.40 5.34 Net Sales 6271.87 4.00Other Income 39.74 (51.36) 17.64 64.40 5.62 Other Income 176.08 (1.03)Total Operating Expenses 22.18 8.41 (3.79) 10.81 7.15 Personnel Expenses  845.32 (19.11)Personnel Expenses  23.32 (8.60) (6.98) (12.34) (1.67) EBIDTA 671.21 (22.81)EBIDTA 28.82 (11.45) (9.92) (15.08) (2.69) EBT 603.70 (24.81)EBT 38.10 (23.82) (12.79) (17.19) (5.35) Adjusted PAT 502.52 (21.97)Adjusted PAT 49.54 (23.65) (12.60) (14.37) (3.10) Reported PAT 502.52 (21.97)Reported PAT 11.55 (14.11) (22.04) 11.57 (3.58) OPM(%)  13.48 17.33 NPM(%)  10.70 14.42 Capital Adequacy Ratio  8.01 10.68 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Kumar Mangalam Birla Chairman / Chair Person 2011 251.9 113 20.83 9.34Mr.Jagdish Khattar Independent Director 2010 246.9 129.25 22.12 11.58Mr.Debnarayan Bhattacharya Managing Director 2009 163 36.9 16.28 3.69 Key Executives (Top Three)Name DesignationMr.Shashi Maudgal Chief Marketing Officer ‐ Aluminium GOLD SPONSORMr.Dinesh Kumar Kohly Chief Operating OfficerMr.Vineet Kaul Chief People Officer WWW.SWASTIKBUSINESSANALYTICS.COM Page: 42
  • 43. Industry Instrumentation & Process Control Group MNC Associate Siemens Ltd 3476.78 Face Value 2 Capital Employed RANK: 37 No. Of Equity Share 3371.60 Price 688.55 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 23215.15 12106.42 24.32 21361.95 In US $ million 451.13 235.26 24.32 415.12 RANK in 50 Stocks 37 31 11 44 Financial Performance (Annual) Share Holding Information Year End September  10 September  09 September  08 September  07 September  06 Shares (%)Net Sales 9322.41 8396.53 8293.33 7732.02 4515.72 Promoter 255221175 75Other Income 128.55 288.81 55.79 105.28 145.71 FII 11255278 3.31Operating Profit 1423.34 1307.37 616.60 734.50 549.98 Mutual Funds and UTI 10509566 3.09EBITDA 1321.86 1229.59 552.87 685.27 505.77 Banks and Insurance 17805679 5.23EBT 1299.66 1210.34 539.60 673.69 494.54 Other Investors 6416407 1.89Adjusted PAT 868.12 823.33 241.16 396.01 349.17 General Public 39086795 11.49Reported PAT 827.21 1044.85 593.33 596.54 365.86 GRAND TOTAL 340294900 100Net Worth 3476.55 2915.30 2067.68 1589.40 1085.51 Valuation RatioEnterprise Value 21361.95 22772.21 12426.02 18961.70 26187.08 Annual TTMCapital Employed 3476.78 2915.89 2068.74 1590.93 1087.52 P/E 28.07 27.46Cash & Balances with RBI  1354.89 1134.78 991.10 870.12 647.29 P/B 6.68 NAAdvances   246.52 105.70 87.01 93.29 154.16 P/S 2.49 1.92Investment 388.46 476.97 523.65 467.59 463.97 EV/EBITDA 15.01 NA Dividend Yield 0.73 NAEPS (Rs.)  24.53 30.99 17.60 35.39 21.70Cash EPS (Rs.)  27.54 33.30 19.49 38.31 24.33 Latest Result (TTM)Dividend Per Share (Rs.) 5.00 5.00 3.00 4.80 3.80 TTM End September  11 Growth(%)Book Value (Rs.)  103.15 86.51 61.37 94.37 64.48 Net Sales 12106.42 5.14Sales Per Share (Rs.)  276.50 249.04 245.98 458.66 267.87 Other Income 2.07 0.00Free Reserves Per Share (Rs.) 100.92 84.30 59.16 91.95 62.06 Personnel Expenses  1351.64 (7.54) EBIDTA 1199.42 (9.73) Ratio Analysis EBT 1274.94 (9.53)Capital Adequacy Ratio  15.27 15.57 7.43 9.50 12.18 Adjusted PAT 845.41 (9.08)EBIDTAM(%) 14.18 14.64 6.67 8.86 11.20 Reported PAT 845.41 (9.08)APATM(%) 9.31 9.81 2.91 5.12 7.73 OPM(%)  11.16 12.70Fund based income(%) 10.40 10.73 3.68 5.76 8.71 NPM(%)  9.91 11.54Fee based income(%) 23.79 35.83 28.68 37.50 33.64 Capital Adequacy Ratio  6.98 8.08Yield on Fund Advances  23.76 18.87 19.94 15.86 19.96 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.00 0.00 0.00 0.00 0.00 Half Year End September  11 Growth(%)Cost of Funds Ratio  7.00 7.56 8.57 9.14 7.33 Net Sales 6409.96 12.53Borrowings within India(%) 1.27 1.25 1.15 1.13 1.06 Other Income 2.07 NABorrowings from outside(%) 1.05 1.09 1.00 0.94 0.90 Personnel Expenses  535.42 (34.40)Deposits within India(%) 6.24 8.86 11.30 10.76 9.90 EBIDTA 451.06 (39.73)Deposits Outside India(%) 64.09 67.91 46.46 63.43 48.99 EBT 484.91 (38.62)Net Profit Per Branch  17.18 24.45 37.32 34.55 23.36 Adjusted PAT 323.09 (38.14)Deposits Per Branch  40.36 36.70 34.22 35.65 26.79 Reported PAT 323.09 (38.14) OPM(%)  8.35 14.33 NPM(%)  7.04 13.14 Rate of Growth Capital Adequacy Ratio  5.04 9.17 Latest Result (Quarterly) September  10 September  09 September  08 September  07 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 11.03 1.24 7.26 71.22 15.60 Net Sales 3653.31 30.62Other Income (55.49) 417.67 (47.01) (27.75) (2.47) Other Income 0.00 (100.00)Total Operating Expenses 8.80 (4.59) 8.87 72.76 14.32 Personnel Expenses  291.64 15.55Personnel Expenses  8.87 112.03 (16.05) 33.55 20.95 EBIDTA 240.99 13.51EBIDTA 7.50 122.40 (19.32) 35.49 21.18 EBT 257.53 12.53EBT 7.38 124.30 (19.90) 36.23 21.32 Adjusted PAT 169.16 9.28Adjusted PAT 5.44 241.40 (39.10) 13.41 19.98 Reported PAT 169.16 9.28Reported PAT (20.83) 76.10 (0.54) 63.05 17.72 OPM(%)  7.98 9.02 NPM(%)  6.60 7.59 Capital Adequacy Ratio  4.63 5.53 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EDr.Roland Busch Additional Director 2011 951 652.25 37.93 26.01Dr.Otmar Schmitt Alternate Director 2010 856.5 580 34.92 23.64Mr.Stephan Schneider Alternate Director 2009 605 186.2 19.52 6.01 Key Executives (Top Three)Name DesignationMr.Sunil D Mathur Executive Director & CFO GOLD SPONSORDr.Armin Bruck Managing Director & CEOMr.Ajai Jain VP(Legal)&Co.Secretary &Compl.Officer WWW.SWASTIKBUSINESSANALYTICS.COM Page: 43
  • 44. Industry Cement Group Ambuja Group Ambuja Cements Ltd 7395.13 Face Value 2 Capital Employed RANK: 38 No. Of Equity Share 15298.59 Price 148.4 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 22703.11 8072.57 16.07 20479.23 In US $ million 441.18 156.87 16.07 397.96 RANK in 50 Stocks 38 36 23 45 Financial Performance (Annual) Share Holding Information Year End December  10 December  09 December  08 December  07 December  06 Shares (%)Net Sales 7371.52 7083.21 6182.09 5671.39 6226.28 Promoter 771743110 50.35Other Income 128.59 175.54 158.16 122.59 72.83 FII 367317341 23.97Operating Profit 1985.44 2093.11 1942.30 2175.72 2233.99 Mutual Funds and UTI 30206858 1.97EBITDA 1597.64 1794.55 1680.82 1938.91 1906.80 Banks and Insurance 191377495 12.49EBT 1548.95 1772.12 1648.76 1863.06 1793.57 Other Investors 59226299 3.86Adjusted PAT 1113.40 1186.98 1080.97 1121.57 1454.84 General Public 112756058 7.36Reported PAT 1263.61 1218.37 1402.27 1769.10 1503.25 GRAND TOTAL 1532627161 100Net Worth 7330.10 6470.90 5672.87 4661.25 3491.72 Valuation RatioEnterprise Value 20479.23 18676.56 12458.86 14359.13 20259.15 Annual TTMCapital Employed 7395.13 6636.60 5961.54 4991.67 4357.10 P/E 17.97 19.17Cash & Balances with RBI  8778.82 6224.13 5706.94 5231.05 4542.50 P/B 3.10 NAAdvances   930.70 2714.43 1947.22 696.79 634.93 P/S 3.08 2.81Investment 625.95 727.01 332.39 1288.94 1133.12 EV/EBITDA 10.31 NA Dividend Yield 1.75 NAEPS (Rs.)  8.26 8.00 9.21 11.62 9.91Cash EPS (Rs.)  10.79 9.96 10.93 13.18 12.07 Latest Result (TTM)Dividend Per Share (Rs.) 2.60 2.40 2.20 3.50 3.30 TTM End September  11 Growth(%)Book Value (Rs.)  47.91 42.47 37.26 30.62 23.02 Net Sales 8072.57 3.20Sales Per Share (Rs.)  48.18 46.49 40.60 37.25 41.05 Other Income 203.19 15.05Free Reserves Per Share (Rs.) 44.95 39.35 34.13 27.48 19.66 Personnel Expenses  2101.54 2.13 EBIDTA 1671.59 2.31 Ratio Analysis EBT 1607.95 2.09Capital Adequacy Ratio  26.93 29.55 31.42 38.36 35.88 Adjusted PAT 1178.13 1.67EBIDTAM(%) 21.67 25.34 27.19 34.19 30.63 Reported PAT 1184.58 1.66APATM(%) 15.10 16.76 17.49 19.78 23.37 OPM(%)  26.03 26.31Fund based income(%) 20.36 20.97 21.72 23.95 28.62 NPM(%)  20.71 20.89Fee based income(%) 17.09 18.36 23.52 35.44 34.50 Capital Adequacy Ratio  14.59 14.81Yield on Fund Advances  36.60 35.10 27.94 35.22 34.98 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.01 0.02 0.05 0.07 0.24 Half Year End June  11 Growth(%)Cost of Funds Ratio  0.84 1.15 1.10 1.09 1.37 Net Sales 4411.54 (51.52)Borrowings within India(%) 1.07 0.89 1.26 1.03 1.08 Other Income 108.24 (28.20)Borrowings from outside(%) 0.74 0.57 0.74 0.63 0.70 Personnel Expenses  1333.67 (44.51)Deposits within India(%) 9.19 11.36 7.54 11.13 17.19 EBIDTA 1120.19 (41.48)Deposits Outside India(%) 40.78 93.32 60.58 28.68 19.73 EBT 1091.21 (41.23)Net Profit Per Branch  1.33 2.60 3.69 4.90 8.36 Adjusted PAT 754.98 (45.63)Deposits Per Branch  9.16 31.66 8.41 11.01 5.05 Reported PAT 754.98 (46.65) OPM(%)  30.23 26.41 NPM(%)  25.39 21.03 Rate of Growth Capital Adequacy Ratio  17.11 15.26 Latest Result (Quarterly) December  10 December  09 December  08 December  07 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 4.07 14.58 9.00 (8.91) 3.43 Net Sales 1833.67 (16.24)Other Income (26.75) 10.99 29.02 68.32 12.04 Other Income 57.10 1.69Total Operating Expenses 6.76 17.46 21.55 (10.99) 6.29 Personnel Expenses  376.50 (42.48)Personnel Expenses  (5.14) 7.76 (10.73) (2.61) (2.33) EBIDTA 268.63 (50.91)EBIDTA (10.97) 6.77 (13.31) 1.68 (3.48) EBT 254.84 (52.10)EBT (12.59) 7.48 (11.50) 3.87 (2.89) Adjusted PAT 171.48 (50.65)Adjusted PAT (6.20) 9.81 (3.62) (22.91) (5.21) Reported PAT 171.48 (50.65)Reported PAT 3.71 (13.11) (20.74) 17.69 (3.41) OPM(%)  20.53 29.90 NPM(%)  14.65 25.00 Capital Adequacy Ratio  9.35 15.87 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.N S Sekhsaria Chairman / Chair Person 2011 164.8 112 21.28 14.46Mr.Suresh Neotia Chairman Emeritus 2010 166.5 95.05 20.16 11.51Mr.Markus Akermann Director 2009 111.5 59.55 13.94 7.44 Key Executives (Top Three)Name DesignationMr.S N Toshniwal Business Head ‐ East GOLD SPONSORMr.J C Toshniwal Business Head ‐ NorthMr.Ajay Kapur Business Head ‐ West & South WWW.SWASTIKBUSINESSANALYTICS.COM Page: 44
  • 45. Industry Cement Group ACC Group ACC Ltd 6993.31 Face Value 10 Capital Employed RANK: 39 No. Of Equity Share 1877.45 Price 1145.05 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 21497.74 9193.96 17.17 19633.97 In US $ million 417.76 178.66 17.17 381.54 RANK in 50 Stocks 39 34 21 46 Financial Performance (Annual) Share Holding Information Year End December  10 December  09 December  08 December  07 December  06 Shares (%)Net Sales 7647.77 8021.59 7229.97 6894.79 5731.75 Promoter 94429120 50.3Other Income 205.72 136.17 211.59 142.24 89.57 FII 30391752 16.19Operating Profit 1844.36 2699.28 1994.87 2083.67 1762.05 Mutual Funds and UTI 3552398 1.89EBITDA 1451.68 2357.19 1700.69 1776.69 1501.20 Banks and Insurance 23593867 12.57EBT 1394.90 2272.89 1660.73 1702.82 1426.01 Other Investors 9637897 5.13Adjusted PAT 970.75 1583.96 1136.13 1211.12 1056.91 General Public 26140322 13.92Reported PAT 1120.01 1606.73 1212.79 1438.59 1231.84 GRAND TOTAL 187745356 100Net Worth 6469.49 6016.22 4927.73 4152.71 3142.92 Valuation RatioEnterprise Value 19633.97 17031.14 12608.32 12874.85 18830.57 Annual TTMCapital Employed 6993.31 6583.14 5409.76 4459.12 3914.08 P/E 19.19 19.35Cash & Balances with RBI  8076.95 6826.27 5835.67 5464.07 4816.25 P/B 3.33 NAAdvances   1562.80 2156.21 1602.86 649.19 558.42 P/S 2.81 2.34Investment 1702.67 1475.64 679.08 844.81 543.09 EV/EBITDA 10.65 NA Dividend Yield 2.66 NAEPS (Rs.)  59.66 85.58 64.62 76.67 65.78Cash EPS (Rs.)  80.57 103.80 80.29 93.04 79.70 Latest Result (TTM)Dividend Per Share (Rs.) 30.50 23.00 20.00 20.00 15.00 TTM End September  11 Growth(%)Book Value (Rs.)  344.21 320.11 262.28 221.09 167.64 Net Sales 9193.96 6.49Sales Per Share (Rs.)  407.35 427.27 385.22 367.48 306.06 Other Income 170.34 19.49Free Reserves Per Share (Rs.) 327.36 304.59 247.26 206.60 144.12 Personnel Expenses  1989.35 6.74 EBIDTA 1529.16 6.76 Ratio Analysis EBT 1437.70 6.50Capital Adequacy Ratio  24.12 33.65 27.59 30.22 30.74 Adjusted PAT 1110.75 6.48EBIDTAM(%) 18.98 29.39 23.52 25.77 26.19 Reported PAT 1110.75 6.48APATM(%) 12.69 19.75 15.71 17.57 18.44 OPM(%)  21.64 21.59Fund based income(%) 17.83 24.01 19.78 22.02 22.99 NPM(%)  16.63 16.59Fee based income(%) 16.02 24.41 22.42 32.26 31.47 Capital Adequacy Ratio  12.08 12.08Yield on Fund Advances  59.61 31.43 36.20 30.49 26.00 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.08 0.09 0.09 0.07 0.24 Half Year End June  11 Growth(%)Cost of Funds Ratio  0.95 1.19 1.25 1.26 1.19 Net Sales 4856.42 28.57Borrowings within India(%) 0.68 0.66 0.89 0.85 0.77 Other Income 88.75 64.96Borrowings from outside(%) 0.42 0.41 0.60 0.55 0.60 Personnel Expenses  1248.54 102.98Deposits within India(%) 19.04 25.22 27.51 24.85 22.40 EBIDTA 1020.21 147.55Deposits Outside India(%) 32.48 32.02 49.92 28.21 23.43 EBT 967.81 153.24Net Profit Per Branch  0.67 0.69 0.99 1.29 1.20 Adjusted PAT 687.25 93.07Deposits Per Branch  13.74 15.72 9.83 6.49 3.00 Reported PAT 687.25 93.07 OPM(%)  25.71 16.28 NPM(%)  21.01 10.91 Rate of Growth Capital Adequacy Ratio  14.15 9.42 Latest Result (Quarterly) December  10 December  09 December  08 December  07 5 Year CAGR Quarter End September  11 Growth(%)Net Sales (4.66) 10.95 4.86 20.29 5.94 Net Sales 2248.68 (7.57)Other Income 51.08 (35.64) 48.76 58.80 18.09 Other Income 57.39 21.56Total Operating Expenses 10.09 0.22 9.96 22.03 8.16 Personnel Expenses  376.52 (39.98)Personnel Expenses  (31.67) 35.31 (4.26) 18.25 0.92 EBIDTA 256.59 (49.84)EBIDTA (38.41) 38.60 (4.28) 18.35 (0.67) EBT 231.26 (52.26)EBT (38.63) 36.86 (2.47) 19.41 (0.44) Adjusted PAT 167.59 (50.21)Adjusted PAT (38.71) 39.42 (6.19) 14.59 (1.69) Reported PAT 167.59 (50.21)Reported PAT (30.29) 32.48 (15.70) 16.78 (1.89) OPM(%)  16.74 25.79 NPM(%)  11.41 21.03 Capital Adequacy Ratio  7.45 13.83 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Kuldip Kaura CEO & Managing Director 2011 1233 917 20.84 15.5Mr.N S Sekhsaria Chairman / Chair Person 2010 1133.45 700 19.00 11.73Mr.Paul Hugentobler Deputy Chairman 2009 928 469.1 10.84 5.48 Key Executives (Top Three)Name DesignationMr.J Datta Gupta Chief Commercial Officer GOLD SPONSORMr.Sunil K Nayak Chief Financial OfficerMr.A K Pandey Chief Manager ‐ Procurement WWW.SWASTIKBUSINESSANALYTICS.COM Page: 45
  • 46. Industry Diversified Group Birlas (Aditya Vikram) Group Grasim Industries Ltd 8947.49 Face Value 10 Capital Employed RANK: 40 No. Of Equity Share 916.99 Price 2337.85 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 21437.85 5011.42 17.85 22236.95 In US $ million 416.59 97.38 17.85 432.12 RANK in 50 Stocks 40 44 19 43 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 4578.71 8238.05 10877.98 10241.97 8643.24 Promoter 23428918 25.55Other Income 292.80 271.66 218.80 218.44 161.40 FII 21410512 23.35Operating Profit 1754.87 2952.85 2779.64 3302.64 2541.84 Mutual Funds and UTI 7211617 7.86EBITDA 1578.58 2601.71 2322.67 2949.37 2223.93 Banks and Insurance 9084311 9.91EBT 1532.99 2481.32 2180.53 2842.37 2112.09 Other Investors 20352439 22.19Adjusted PAT 1094.13 1711.27 1580.65 1880.04 1421.54 General Public 10216908 11.14Reported PAT 1181.71 2092.10 1647.96 2047.57 1535.81 GRAND TOTAL 91704705 100Net Worth 8133.74 7145.37 9474.22 8137.11 6226.15 Valuation RatioEnterprise Value 22236.95 22530.77 21889.30 24439.03 30341.96 Annual TTMCapital Employed 8947.49 8182.99 12869.17 11338.98 9177.71 P/E 18.14 16.03Cash & Balances with RBI  2983.88 3102.16 11031.19 7588.40 6770.97 P/B 2.64 NAAdvances   100.96 42.98 1248.27 3026.31 1192.35 P/S 4.68 4.28Investment 6910.25 6324.79 4609.10 4080.79 4274.70 EV/EBITDA 12.67 NA Dividend Yield 0.86 NAEPS (Rs.)  128.87 228.19 179.76 223.35 167.53Cash EPS (Rs.)  148.09 266.49 229.61 261.89 202.21 Latest Result (TTM)Dividend Per Share (Rs.) 20.00 30.00 30.00 30.00 27.50 TTM End September  11 Growth(%)Book Value (Rs.)  886.99 779.38 1033.88 888.05 679.62 Net Sales 5011.42 6.05Sales Per Share (Rs.)  499.32 898.53 1186.59 1117.21 942.83 Other Income 376.68 11.31Free Reserves Per Share (Rs.) 875.92 768.31 1018.33 874.72 657.73 Personnel Expenses  1990.61 4.20 EBIDTA 1833.40 5.15 Ratio Analysis EBT 1787.04 5.27Capital Adequacy Ratio  38.33 35.84 25.55 32.25 29.41 Adjusted PAT 1452.27 14.17EBIDTAM(%) 34.48 31.58 21.35 28.80 25.73 Reported PAT 1337.23 5.13APATM(%) 23.90 20.77 14.53 18.36 16.45 OPM(%)  39.72 40.43Fund based income(%) 27.75 25.04 18.73 21.81 20.12 NPM(%)  36.58 36.90Fee based income(%) 13.21 25.57 12.81 18.06 16.73 Capital Adequacy Ratio  28.98 26.92Yield on Fund Advances  16.67 14.76 19.19 15.45 18.71 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.10 0.14 0.35 0.39 0.47 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.54 2.66 0.98 1.35 1.28 Net Sales 2292.46 (15.69)Borrowings within India(%) 1.10 0.57 0.79 0.73 0.85 Other Income 251.08 99.90Borrowings from outside(%) 0.96 0.65 0.53 0.70 0.73 Personnel Expenses  960.08 (6.84)Deposits within India(%) 13.86 25.79 13.10 19.40 17.75 EBIDTA 889.38 (5.79)Deposits Outside India(%) 38.49 24.53 19.56 30.87 22.73 EBT 868.10 (5.53)Net Profit Per Branch  18.46 8.98 4.74 3.77 3.24 Adjusted PAT 658.97 (2.84)Deposits Per Branch  46.33 39.97 25.24 21.31 31.28 Reported PAT 658.97 (2.84) OPM(%)  41.88 37.90 NPM(%)  38.80 34.72 Rate of Growth Capital Adequacy Ratio  28.75 24.95 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales (44.42) (24.27) 6.21 18.50 (11.93) Net Sales 1248.52 19.60Other Income 7.78 24.16 0.16 35.34 12.65 Other Income 170.65 112.17Total Operating Expenses (43.91) (33.19) 16.20 14.29 (13.03) Personnel Expenses  506.19 11.52Personnel Expenses  (40.57) 6.23 (15.84) 29.93 (7.14) EBIDTA 470.56 12.35EBIDTA (39.33) 12.01 (21.25) 32.62 (6.63) EBT 459.88 12.65EBT (38.22) 13.79 (23.28) 34.58 (6.21) Adjusted PAT 459.88 46.40Adjusted PAT (36.06) 8.26 (15.92) 32.25 (5.10) Reported PAT 344.84 9.78Reported PAT (43.52) 26.95 (19.52) 33.32 (5.11) OPM(%)  40.54 43.48 NPM(%)  37.69 40.12 Capital Adequacy Ratio  36.83 30.09 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Adesh Gupta CFO & Wholetime Director 2011 2625 1981.2 18 13.59Mr.Kumar Mangalam Birla Chairman / Chair Person 2010 2952 1740 22.91 13.50Mr.R C Bhargava Director 2009 2938 1121.5 12.88 4.91 Key Executives (Top Three)Name DesignationMr.K K Maheshwari Business Director GOLD SPONSORMr.O P Puranmalka Business HeadMr.Lalit Naik Business Head WWW.SWASTIKBUSINESSANALYTICS.COM Page: 46
  • 47. Industry Refineries Group Public SectorBharat Petroleum Corporation Ltd 33029.49 Face Value 10 Capital Employed RANK: 41 No. Of Equity Share 3615.42 Price 535.65 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 19366.00 170399.37 (33.21) 51767.59 In US $ million 376.33 3311.30 (33.21) 1005.98 RANK in 50 Stocks 41 2 50 22 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 150838.33 120217.08 134073.43 110208.13 96556.85 Promoter 198600060 54.93Other Income 1395.95 1679.55 1491.16 982.98 768.63 FII 26855197 7.43Operating Profit 4906.56 5164.20 6031.79 4133.94 4486.42 Mutual Funds and UTI 34619287 9.58EBITDA 3251.16 3921.88 4956.26 3035.73 3582.31 Banks and Insurance 35699130 9.87EBT 2150.38 2910.93 2789.89 2363.26 3104.96 Other Investors 56457166 15.62Adjusted PAT 1374.14 2087.18 2528.77 1353.26 2149.63 General Public 9311284 2.58Reported PAT 1546.68 1537.62 735.90 1580.56 1805.48 GRAND TOTAL 361542124 100Net Worth 14057.62 13086.71 12128.11 11676.84 10273.53 Valuation RatioEnterprise Value 51767.59 62202.92 55956.85 40009.11 33675.40 Annual TTMCapital Employed 33029.49 35281.91 33299.52 26699.22 21102.78 P/E 12.52 NACash & Balances with RBI  29334.23 25412.52 22522.33 21500.93 19457.58 P/B 1.38 NAAdvances   1012.23 2517.75 2037.48 766.71 852.34 P/S 0.13 0.11Investment 11377.96 12201.32 16715.19 9358.01 7385.42 EV/EBITDA 10.55 NA Dividend Yield 2.61 NAEPS (Rs.)  42.78 42.53 20.35 43.72 49.94Cash EPS (Rs.)  88.57 76.89 50.10 74.09 74.95 Latest Result (TTM)Dividend Per Share (Rs.) 14.00 14.00 7.00 4.00 16.00 TTM End September  11 Growth(%)Book Value (Rs.)  388.83 361.97 335.46 322.97 284.16 Net Sales 170399.37 4.20Sales Per Share (Rs.)  4172.08 3325.12 3708.38 3048.28 2670.69 Other Income 1626.42 (8.69)Free Reserves Per Share (Rs.) 350.71 323.90 316.74 312.56 273.74 Personnel Expenses  (819.22) (118.14) EBIDTA (2622.10) (194.59) Ratio Analysis EBT (4000.63) (355.00)Capital Adequacy Ratio  3.25 4.30 4.50 3.75 4.65 Adjusted PAT (4668.60) (764.20)EBIDTAM(%) 2.16 3.26 3.70 2.75 3.71 Reported PAT (4668.60) (764.20)APATM(%) 0.91 1.74 1.89 1.23 2.23 OPM(%)  (0.48) 2.76Fund based income(%) 2.01 2.77 2.69 2.22 3.16 NPM(%)  (1.54) 1.70Fee based income(%) 4.68 4.36 2.21 5.92 8.56 Capital Adequacy Ratio  (2.74) 0.43Yield on Fund Advances  37.32 37.65 38.66 9.72 37.12 Latest Result (Half Yearly)Break‐Even Yield Ratio  1.35 1.70 1.75 1.29 1.05 Half Year End September  11 Growth(%)Cost of Funds Ratio  5.16 4.75 5.97 5.14 4.98 Net Sales 88441.47 7.91Borrowings within India(%) 0.71 0.72 0.49 0.73 0.61 Other Income 806.05 (1.75)Borrowings from outside(%) 0.50 0.67 0.66 0.61 0.45 Personnel Expenses  (4052.97) (225.33)Deposits within India(%) 10.76 11.09 21.91 11.64 12.58 EBIDTA (5003.08) (310.13)Deposits Outside India(%) 4.46 5.11 2.78 6.15 9.40 EBT (5791.16) (423.43)Net Profit Per Branch  8.20 8.56 4.89 6.75 5.78 Adjusted PAT (5791.16) (615.89)Deposits Per Branch  74.90 72.07 72.72 70.99 72.14 Reported PAT (5791.16) (615.89) OPM(%)  (4.58) 3.95 NPM(%)  (5.66) 2.91 Rate of Growth Capital Adequacy Ratio  (6.55) 1.37 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 25.47 (10.33) 21.65 14.14 9.33 Net Sales 42301.86 (8.32)Other Income (16.89) 12.63 51.70 27.89 12.68 Other Income 378.73 (11.37)Total Operating Expenses 26.21 (9.88) 20.99 15.31 9.68 Personnel Expenses  (2316.07) 33.35Personnel Expenses  (4.99) (14.38) 45.91 (7.86) 1.81 EBIDTA (2776.11) 24.66EBIDTA (17.10) (20.87) 63.26 (15.26) (1.92) EBT (3229.27) 26.05EBT (26.13) 4.34 18.05 (23.89) (7.08) Adjusted PAT (3229.27) 26.05Adjusted PAT (34.16) (17.46) 86.87 (37.05) (8.56) Reported PAT (3229.27) 26.05Reported PAT 0.59 108.94 (53.44) (12.46) (3.05) OPM(%)  (5.48) (3.76) NPM(%)  (6.56) (4.83) Capital Adequacy Ratio  (7.63) (5.55) Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.R K Singh Chairman and Managing director 2011 712.5 487.05 NA NAMr.I P S Anand Director 2010 814.9 488.5 19.05 11.42Mr.Haresh M Jagtiani Director 2009 648 329.15 15.24 7.74 Key Executives (Top Three)Name DesignationMr.Arun Singh Chief Procurement Officer GOLD SPONSORMs.I Sasikala Chief Vigilance OfficerMr.S V Kulkarni Company Secretary WWW.SWASTIKBUSINESSANALYTICS.COM Page: 47
  • 48. Industry Pharmaceuticals Group Daiichi‐Sankyo Ranbaxy Laboratories Ltd 9393.12 Face Value 5 Capital Employed RANK: 42 No. Of Equity Share 4210.41 Price 434.8 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 18306.86 4904.26 (2.99) 22405.75 In US $ million 355.75 95.30 (2.99) 435.40 RANK in 50 Stocks 42 45 49 42 Financial Performance (Annual) Share Holding Information Year End December  10 December  09 December  08 December  07 December  06 Shares (%)Net Sales 5646.37 4781.59 4652.04 4293.02 4165.12 Promoter 268711323 63.75Other Income 170.21 98.13 91.28 17.18 30.33 FII 37344094 8.86Operating Profit 1432.63 749.57 342.41 417.15 662.39 Mutual Funds and UTI 9228575 2.19EBITDA 1204.28 601.37 187.94 298.42 555.64 Banks and Insurance 39864330 9.46EBT 1150.08 561.90 42.12 204.99 497.20 Other Investors 19453499 4.62Adjusted PAT 734.60 73.04 616.36 48.30 434.77 General Public 46905105 11.13Reported PAT 1148.73 571.98 (1044.80) 617.72 380.54 GRAND TOTAL 421506926 100Net Worth 5132.39 4134.61 3716.78 2538.39 2350.02 Valuation RatioEnterprise Value 22405.75 24071.17 15904.73 17843.35 17939.87 Annual TTMCapital Employed 9393.12 7482.98 7442.14 6041.43 5528.61 P/E 15.94 NACash & Balances with RBI  2857.63 2620.92 2386.75 2261.48 2133.57 P/B 3.57 NAAdvances   330.18 414.92 428.77 327.42 301.88 P/S 3.24 3.73Investment 3804.44 3833.69 3618.03 3237.55 2679.95 EV/EBITDA 15.64 NA Dividend Yield 0.46 NAEPS (Rs.)  27.28 13.61 (24.85) 16.56 10.21Cash EPS (Rs.)  32.71 17.13 (21.18) 19.74 13.08 Latest Result (TTM)Dividend Per Share (Rs.) 2.00 0.00 0.00 8.50 8.50 TTM End September  11 Growth(%)Book Value (Rs.)  121.90 98.35 88.42 68.04 63.06 Net Sales 4904.26 5.24Sales Per Share (Rs.)  134.10 113.73 110.67 115.07 111.76 Other Income 151.36 (32.54)Free Reserves Per Share (Rs.) 112.02 88.90 80.80 62.52 57.48 Personnel Expenses  20.92 (88.88) EBIDTA (186.58) 1096.03 Ratio Analysis EBT (149.64) (675.32)Capital Adequacy Ratio  25.37 15.68 7.36 9.72 15.90 Adjusted PAT (153.69) (1876.76)EBIDTAM(%) 21.33 12.58 4.04 6.95 13.34 Reported PAT (286.48) (176.50)APATM(%) 13.01 1.53 13.25 1.13 10.44 OPM(%)  0.43 4.04Fund based income(%) 17.05 4.63 16.57 3.89 13.00 NPM(%)  (3.80) (0.33)Fee based income(%) 12.23 7.64 (14.04) 10.22 6.88 Capital Adequacy Ratio  (3.13) 0.19Yield on Fund Advances  8.54 0.00 0.00 60.06 94.95 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.83 0.84 1.05 1.38 1.35 Half Year End June  11 Growth(%)Cost of Funds Ratio  2.13 2.00 2.14 2.08 2.12 Net Sales 2377.34 (9.27)Borrowings within India(%) 1.40 1.18 1.16 0.83 0.96 Other Income 125.36 (50.34)Borrowings from outside(%) 1.60 0.88 0.86 0.96 1.03 Personnel Expenses  98.94 (81.99)Deposits within India(%) 3.95 4.05 4.07 4.67 4.66 EBIDTA 5.70 (98.70)Deposits Outside India(%) 26.44 18.99 2.35 4.46 11.33 EBT (21.94) (105.26)Net Profit Per Branch  67.06 65.59 61.34 61.98 66.16 Adjusted PAT (16.32) (104.14)Deposits Per Branch  50.65 65.79 51.56 51.63 55.17 Reported PAT 97.46 (64.82) OPM(%)  4.16 20.97 NPM(%)  0.24 16.76 Rate of Growth Capital Adequacy Ratio  (0.69) 15.03 Latest Result (Quarterly) December  10 December  09 December  08 December  07 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 18.09 2.78 8.36 3.07 6.27 Net Sales 1425.06 11.16Other Income 73.45 7.50 431.32 (43.36) 41.20 Other Income 104.20 132.90Total Operating Expenses 6.15 (6.15) 13.05 10.19 4.41 Personnel Expenses  33.50 (70.45)Personnel Expenses  91.13 118.91 (17.92) (37.02) 16.68 EBIDTA (15.81) (123.82)EBIDTA 100.26 219.98 (37.02) (46.29) 16.73 EBT (30.05) (158.30)EBT 104.68 1234.05 (79.45) (58.77) 18.26 Adjusted PAT (39.05) (168.48)Adjusted PAT 905.75 (88.15) 1176.11 (88.89) 11.06 Reported PAT (439.20) (392.08)Reported PAT 100.83 154.75 (269.14) 62.33 24.73 OPM(%)  2.35 8.84 NPM(%)  (1.11) 5.18 Capital Adequacy Ratio  (2.74) 4.45 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EDr.Tsutomu Une Chairman / Chair Person 2011 611.75 413.25 NA NAMr.Takashi Shoda Director 2010 624.9 364.2 22.91 13.35Dr.Anthony H Wild Director 2009 538 133.15 39.53 9.78 Key Executives (Top Three)Name DesignationMr.S K Patawari Company Secretary & Compliance Officer GOLD SPONSORMr.Indrajit Banerjee President & Chief Financial OfficerNA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 48
  • 49. Industry Mining/Minerals Group MNC Associate Sesa Goa Ltd 12560.13 Face Value 1 Capital Employed RANK: 43 No. Of Equity Share 8691.01 Price 182.75 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 15882.82 6868.87 23.43 16675.81 In US $ million 308.64 133.48 23.43 324.05 RANK in 50 Stocks 43 39 13 47 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 8221.94 5302.94 5074.71 3571.78 2017.15 Promoter 479113619 55.13Other Income 441.19 219.76 194.75 68.68 43.00 FII 206868328 23.8Operating Profit 5154.55 3211.79 3357.62 2566.20 1207.82 Mutual Funds and UTI 10560402 1.22EBITDA 5071.42 3154.41 3313.52 2523.62 1176.54 Banks and Insurance 34169906 3.93EBT 4354.69 2440.11 2764.69 2206.11 895.94 Other Investors 30623648 3.52Adjusted PAT 3401.69 1900.11 2076.48 1461.17 602.50 General Public 107765520 12.4Reported PAT 3432.80 2118.09 1942.49 1492.00 606.41 GRAND TOTAL 869101423 100Net Worth 11588.81 7208.71 4517.78 2791.13 1506.36 Valuation RatioEnterprise Value 16675.81 34364.24 19105.49 8744.89 10496.40 Annual TTMCapital Employed 12560.13 9134.51 4519.69 2791.13 1506.36 P/E 4.63 5.85Cash & Balances with RBI  1214.55 836.80 739.27 637.82 596.78 P/B 1.37 NAAdvances   654.15 68.01 48.19 15.85 15.94 P/S 1.93 2.31Investment 9463.81 5478.64 3019.68 2000.44 867.81 EV/EBITDA 3.24 NA Dividend Yield 1.92 NAEPS (Rs.)  39.50 25.49 24.67 379.05 154.06Cash EPS (Rs.)  40.45 26.18 25.23 389.86 162.01 Latest Result (TTM)Dividend Per Share (Rs.) 3.50 3.25 2.25 45.00 40.00 TTM End September  11 Growth(%)Book Value (Rs.)  133.34 86.75 57.39 709.13 382.69 Net Sales 6868.87 (0.14)Sales Per Share (Rs.)  94.60 63.82 64.46 907.42 512.46 Other Income 446.50 (10.30)Free Reserves Per Share (Rs.) 132.31 85.75 56.38 699.03 372.63 Personnel Expenses  4032.34 (6.87) EBIDTA 3936.15 (7.14) Ratio Analysis EBT 3809.49 (8.18)Capital Adequacy Ratio  62.69 60.57 66.16 71.85 59.88 Adjusted PAT 2715.49 (10.79)EBIDTAM(%) 61.68 59.48 65.29 70.65 58.33 Reported PAT 2715.49 (11.84)APATM(%) 41.37 35.83 40.92 40.91 29.87 OPM(%)  58.70 62.95Fund based income(%) 42.38 36.91 41.79 42.10 31.42 NPM(%)  57.30 61.62Fee based income(%) 27.33 23.19 42.98 53.46 40.26 Capital Adequacy Ratio  39.53 44.25Yield on Fund Advances  10.67 14.91 10.66 13.88 30.08 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.08 0.26 0.00 0.00 0.00 Half Year End September  11 Growth(%)Cost of Funds Ratio  6.86 6.34 6.86 5.60 3.38 Net Sales 2455.01 (44.38)Borrowings within India(%) 2.01 3.63 2.60 1.95 1.82 Other Income 174.40 (38.93)Borrowings from outside(%) 1.62 3.33 2.22 1.27 0.93 Personnel Expenses  1100.64 (62.46)Deposits within India(%) 13.92 14.18 25.66 15.38 8.95 EBIDTA 1059.08 (63.19)Deposits Outside India(%) 7.19 4.50 6.12 8.08 4.30 EBT 959.19 (66.35)Net Profit Per Branch  76.39 76.11 80.45 79.87 69.16 Adjusted PAT 661.19 (67.81)Deposits Per Branch  57.58 61.05 60.98 61.69 63.49 Reported PAT 661.19 (67.81) OPM(%)  44.83 66.42 NPM(%)  43.14 65.18 Rate of Growth Capital Adequacy Ratio  26.93 46.54 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 55.04 4.50 42.08 77.07 32.45 Net Sales 756.66 (55.45)Other Income 100.76 12.84 183.56 59.72 59.31 Other Income 41.07 (69.20)Total Operating Expenses 51.83 20.87 77.97 26.04 32.71 Personnel Expenses  53.38 (94.90)Personnel Expenses  60.49 (4.34) 30.84 112.47 33.67 EBIDTA 33.90 (96.69)EBIDTA 60.77 (4.80) 31.30 114.50 33.94 EBT (16.79) (101.72)EBT 78.46 (11.74) 25.32 146.23 37.19 Adjusted PAT (11.79) (101.75)Adjusted PAT 79.03 (8.49) 42.11 142.52 41.37 Reported PAT (11.79) (101.75)Reported PAT 62.07 9.04 30.19 146.04 41.44 OPM(%)  7.05 61.66 NPM(%)  4.48 60.36 Capital Adequacy Ratio  (1.56) 39.63 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Kuldip K Kaura Director 2011 346 165.7 11.07 5.3Mr.Ashok Kini Director 2010 494.3 287 12.51 7.27Mr.Jagdish P Singh Director 2009 418.3 67.25 16.41 2.64 Key Executives (Top Three)Name DesignationMr.M K Patil AVP ‐ HSEC GOLD SPONSORMr.P K Mukherjee Chief Executive OfficerMr.C D Chitnis Company Secretary & Compliance Officer WWW.SWASTIKBUSINESSANALYTICS.COM Page: 49
  • 50. Industry Finance ‐ Term Lending Institutions Group Public Sector IDFC Ltd 47367.42 Face Value 10 Capital Employed RANK: 44 No. Of Equity Share 14609.48 Price 108.65 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 15873.20 5408.89 13.64 51219.88 In US $ million 308.46 105.11 13.64 995.33 RANK in 50 Stocks 44 42 30 23 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 4271.82 3144.71 3313.25 2523.66 1500.55 Promoter 0 0Other Income 7.40 14.39 7.60 10.23 5.19 FII 690901979 47.21Operating Profit 3948.55 2885.16 3056.01 2356.64 1433.76 Mutual Funds and UTI 60112779 4.11EBITDA 3915.85 2852.32 3035.81 2351.93 1429.68 Banks and Insurance 224111474 15.32EBT 1560.91 908.22 1008.86 902.42 574.64 Other Investors 346482531 23.68Adjusted PAT 1107.47 603.82 779.74 698.39 465.98 General Public 141718237 9.68Reported PAT 1277.15 1012.84 735.92 669.17 462.87 GRAND TOTAL 1463327000 100Net Worth 11070.15 6823.11 6029.20 5454.38 2882.02 Valuation RatioEnterprise Value 51219.88 49873.36 37430.77 38803.71 31090.48 Annual TTMCapital Employed 47367.42 33345.99 29618.73 27742.88 17771.02 P/E 12.75 10.51Cash & Balances with RBI  441.67 433.26 437.71 76.94 76.80 P/B 1.43 NAAdvances   0.64 4.63 4.01 291.36 0.00 P/S 3.72 2.93Investment 8107.42 5778.84 7578.39 5517.51 2497.61 EV/EBITDA 12.97 NA Dividend Yield 1.84 NAEPS (Rs.)  8.52 7.79 5.68 5.17 4.11Cash EPS (Rs.)  8.75 8.04 5.84 5.21 4.15 Latest Result (TTM)Dividend Per Share (Rs.) 2.00 1.50 1.20 1.20 1.00 TTM End September  11 Growth(%)Book Value (Rs.)  75.77 52.46 46.55 42.14 25.60 Net Sales 5408.89 11.49Sales Per Share (Rs.)  29.24 24.18 25.58 19.50 13.33 Other Income 16.97 (24.88)Free Reserves Per Share (Rs.) 43.17 28.06 25.51 23.46 8.16 Personnel Expenses  5229.52 11.42 EBIDTA 4951.28 11.81 Ratio Analysis EBT 2038.85 15.00Capital Adequacy Ratio  92.43 91.75 92.24 93.38 95.55 Adjusted PAT 1509.75 17.29EBIDTAM(%) 91.67 90.70 91.63 93.20 95.28 Reported PAT 1509.75 17.29APATM(%) 25.93 19.20 23.53 27.67 31.05 OPM(%)  96.68 96.74Fund based income(%) 26.69 20.25 24.14 27.86 31.33 NPM(%)  91.54 91.28Fee based income(%) 2.70 3.04 2.48 2.41 2.60 Capital Adequacy Ratio  27.91 26.53Yield on Fund Advances  27.11 21.45 23.80 27.19 28.53 Latest Result (Half Yearly)Break‐Even Yield Ratio  3.63 3.89 3.91 4.09 5.17 Half Year End September  11 Growth(%)Cost of Funds Ratio  9.93 7.38 7.64 34.36 20.20 Net Sales 2948.45 19.83Borrowings within India(%) 8.47 6.97 5.50 6.80 8.07 Other Income 5.76 (48.62)Borrowings from outside(%) 24.78 28.18 26.79 25.71 31.07 Personnel Expenses  2848.16 19.60Deposits within India(%) 0.00 0.00 0.00 0.00 0.00 EBIDTA 2730.28 22.93Deposits Outside India(%) 1.68 1.48 1.51 1.63 1.68 EBT 1150.99 29.63Net Profit Per Branch  0.02 0.00 0.00 0.04 0.17 Adjusted PAT 858.99 31.99Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 858.99 31.99 OPM(%)  96.60 96.79 NPM(%)  92.60 90.27 Rate of Growth Capital Adequacy Ratio  29.13 26.45 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 35.84 (5.09) 31.29 68.18 23.27 Net Sales 1651.44 27.33Other Income (48.58) 89.34 (25.71) 97.11 7.35 Other Income 0.67 (86.84)Total Operating Expenses 20.71 3.44 49.41 146.26 35.66 Personnel Expenses  1589.28 26.25Personnel Expenses  36.86 (5.59) 29.68 64.37 22.46 EBIDTA 1518.47 25.31EBIDTA 37.29 (6.04) 29.08 64.51 22.33 EBT 692.81 51.21EBT 71.86 (9.98) 11.79 57.04 22.12 Adjusted PAT 529.21 60.47Adjusted PAT 83.41 (22.56) 11.65 49.88 18.90 Reported PAT 529.21 60.47Reported PAT 26.10 37.63 9.98 44.57 22.51 OPM(%)  96.24 97.06 NPM(%)  91.95 93.43 Capital Adequacy Ratio  32.05 25.43 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Michael Fernandes Alternate Director 2011 185.65 101.35 17.96 9.81Mr.Deepak S Parekh Chairman / Chair Person 2010 218.2 141.35 25.61 16.59Mr.Donald Peck Director 2009 179.7 44.15 23.07 5.67 Key Executives (Top Three)Name DesignationMr.Sunil Kakar Chief Financial Officer GOLD SPONSORMr.Mahendra N Shah Company Secretary & Compliance OfficerNA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 50
  • 51. Industry Telecommunications ‐ Service Group ADA Ent. Group Reliance Communications Ltd 79597.22 Face Value 5 Capital Employed RANK: 45 No. Of Equity Share 20640.27 Price 74.1 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 15294.44 11548.67 (0.35) 42933.97 In US $ million 297.21 224.42 (0.35) 834.32 RANK in 50 Stocks 45 32 47 29 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 13308.71 13554.60 15086.66 14792.05 12756.30 Promoter 1400708557 67.86Other Income 707.18 797.98 675.12 28.68 169.61 FII 163365444 7.91Operating Profit 2417.65 2991.41 5905.05 6201.97 5682.62 Mutual Funds and UTI 15776320 0.76EBITDA 823.38 1480.17 3971.54 4358.31 3846.50 Banks and Insurance 168928506 8.18EBT (30.31) 226.33 2818.30 3488.26 3389.95 Other Investors 70793041 3.43Adjusted PAT (1209.31) (1178.26) 1329.66 2094.60 2346.57 General Public 244455013 11.84Reported PAT (757.99) 478.93 4802.67 2586.45 2408.85 GRAND TOTAL 2064026881 100Net Worth 48144.48 50498.89 51690.32 24840.03 20525.54 Valuation RatioEnterprise Value 42933.97 57884.94 80663.24 122531.43 135770.62 Annual TTMCapital Employed 79597.22 74977.17 82593.93 45126.46 35093.38 P/E NA NACash & Balances with RBI  40904.17 39838.17 37941.15 21576.32 20625.82 P/B 0.32 NAAdvances   9907.66 1683.52 3643.86 7117.56 2185.60 P/S 1.15 1.32Investment 32102.13 31898.60 31364.75 13844.14 5434.43 EV/EBITDA 17.76 NA Dividend Yield 0.67 NAEPS (Rs.)  (3.67) 2.32 23.27 12.53 11.78Cash EPS (Rs.)  4.05 9.64 32.64 21.46 20.76 Latest Result (TTM)Dividend Per Share (Rs.) 0.50 0.85 0.80 0.75 0.50 TTM End September  11 Growth(%)Book Value (Rs.)  233.26 244.66 250.44 120.35 100.39 Net Sales 11548.67 (2.02)Sales Per Share (Rs.)  64.48 65.67 73.09 71.67 62.39 Other Income 494.81 (0.02)Free Reserves Per Share (Rs.) 221.62 233.03 239.16 109.11 95.39 Personnel Expenses  1414.90 29.72 EBIDTA (165.55) (64.74) Ratio Analysis EBT (269.96) (58.30)Capital Adequacy Ratio  18.17 22.07 39.14 41.93 44.55 Adjusted PAT (168.44) (69.15)EBIDTAM(%) 6.19 10.92 26.32 29.46 30.15 Reported PAT (161.71) (70.01)APATM(%) (9.09) (8.69) 8.81 14.16 18.40 OPM(%)  12.25 9.25Fund based income(%) 2.89 2.46 21.63 26.62 32.79 NPM(%)  (1.43) (3.98)Fee based income(%) (0.95) 0.64 5.81 5.73 6.86 Capital Adequacy Ratio  (1.46) (4.63)Yield on Fund Advances  0.00 42.71 4.02 7.00 4.96 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.65 0.48 0.59 0.81 0.70 Half Year End September  11 Growth(%)Cost of Funds Ratio  0.58 0.62 0.76 0.77 0.69 Net Sales 5678.00 (3.28)Borrowings within India(%) 0.96 1.37 1.45 0.95 1.77 Other Income 27.00 (94.23)Borrowings from outside(%) 1.81 2.14 2.70 1.63 1.86 Personnel Expenses  640.00 (17.41)Deposits within India(%) 39.63 41.20 0.00 0.00 0.00 EBIDTA (123.00) 189.07Deposits Outside India(%) 2.83 2.39 5.12 7.13 12.45 EBT (371.00) (467.18)Net Profit Per Branch  7.00 6.26 9.23 8.88 13.23 Adjusted PAT (371.00) (283.16)Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT (371.00) (277.27) OPM(%)  11.27 13.20 NPM(%)  (2.17) (0.72) Rate of Growth Capital Adequacy Ratio  (6.53) 3.45 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales (1.81) (10.16) 1.99 15.96 0.85 Net Sales 2843.00 0.28Other Income (11.38) 18.20 2253.97 (83.09) 33.05 Other Income 8.00 (57.89)Total Operating Expenses 2.09 15.26 14.36 18.99 9.87 Personnel Expenses  329.00 5.79Personnel Expenses  (19.18) (49.34) (4.79) 9.14 (15.71) EBIDTA (62.00) 1.64EBIDTA (44.37) (62.73) (8.87) 13.31 (26.53) EBT (99.00) (63.60)EBT (113.39) (91.97) (19.21) 2.90 (138.93) Adjusted PAT (99.00) (63.60)Adjusted PAT (2.64) (188.61) (36.52) (10.74) (187.58) Reported PAT (99.00) (63.60)Reported PAT (258.27) (90.03) 85.69 7.37 (179.35) OPM(%)  11.57 10.97 NPM(%)  (2.18) (2.15) Capital Adequacy Ratio  (3.48) (9.59) Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Anil Dhirubhai Ambani Chairman / Chair Person 2011 149.9 67.6 NA NAMr.A K Purwar Director 2010 204.75 119.75 NA NAMr.Deepak Shourie Director 2009 359 131.35 154.74 56.62 Key Executives (Top Three)Name DesignationMr.Prakash Shenoy Co. Secretary & Manager GOLD SPONSORNA NANA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 51
  • 52. Industry Engineering ‐ Heavy Group Public Sector Bharat Heavy Electricals Ltd 20317.19 Face Value 2 Capital Employed RANK: 46 No. Of Equity Share 4895.20 Price 282.2 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 13814.25 45220.79 31.51 4347.45 In US $ million 268.45 878.76 31.51 84.48 RANK in 50 Stocks 46 9 7 50 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 42022.76 33226.25 26614.36 19541.08 17362.89 Promoter 331510400 67.72Other Income 931.38 1101.11 989.51 1068.38 502.85 FII 63016321 12.87Operating Profit 9466.08 7097.41 5171.49 4814.98 4048.05 Mutual Funds and UTI 31745847 6.49EBITDA 8990.47 6639.40 4837.22 4517.77 3803.44 Banks and Insurance 33608967 6.87EBT 8935.74 6605.90 4806.51 4482.35 3760.11 Other Investors 18724683 3.83Adjusted PAT 5847.61 4279.55 3007.20 2917.29 2449.02 General Public 10913782 2.23Reported PAT 6011.20 4310.64 3138.21 2859.34 2414.70 GRAND TOTAL 489520000 100Net Worth 20153.84 15917.36 12938.81 10774.21 8788.26 Valuation RatioEnterprise Value 4347.45 106721.05 82843.50 82647.08 45998.21 Annual TTMCapital Employed 20317.19 16045.11 13088.18 10869.39 8877.59 P/E 2.30 2.15Cash & Balances with RBI  8049.30 6579.70 5224.43 4443.03 4134.61 P/B 0.69 NAAdvances   1762.62 1550.49 1212.70 658.47 306.58 P/S 0.33 0.31Investment 439.17 79.84 52.34 8.29 8.29 EV/EBITDA 0.46 NA Dividend Yield 11.04 NAEPS (Rs.)  122.80 88.06 64.11 58.41 98.66Cash EPS (Rs.)  132.51 97.41 70.94 64.48 108.65 Latest Result (TTM)Dividend Per Share (Rs.) 31.15 23.30 17.00 15.25 24.50 TTM End September  11 Growth(%)Book Value (Rs.)  411.71 325.16 264.32 220.10 359.06 Net Sales 45220.79 4.76Sales Per Share (Rs.)  858.45 678.75 543.68 399.19 709.38 Other Income 784.88 7.96Free Reserves Per Share (Rs.) 401.65 315.11 254.23 209.99 348.80 Personnel Expenses  10222.61 3.91 EBIDTA 9579.76 3.57 Ratio Analysis EBT 9516.35 3.55Capital Adequacy Ratio  22.53 21.36 19.43 24.64 23.31 Adjusted PAT 6351.13 4.50EBIDTAM(%) 21.39 19.98 18.18 23.12 21.91 Reported PAT 6428.81 4.38APATM(%) 13.92 12.88 11.30 14.93 14.10 OPM(%)  22.61 22.79Fund based income(%) 15.05 14.26 12.56 16.45 15.51 NPM(%)  21.18 21.43Fee based income(%) 29.59 26.87 23.98 26.31 27.20 Capital Adequacy Ratio  14.04 14.08Yield on Fund Advances  29.52 30.90 31.02 30.54 28.67 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.01 0.01 0.01 0.01 0.01 Half Year End September  11 Growth(%)Cost of Funds Ratio  5.31 5.15 5.20 4.48 4.27 Net Sales 17816.97 (34.98)Borrowings within India(%) 1.32 1.37 1.36 1.38 1.43 Other Income 468.51 48.09Borrowings from outside(%) 1.03 1.04 1.02 1.09 1.13 Personnel Expenses  3540.94 (47.01)Deposits within India(%) 4.11 3.77 3.70 3.88 4.64 EBIDTA 3181.22 (50.28)Deposits Outside India(%) 172.96 211.86 168.40 135.94 93.42 EBT 3162.78 (50.22)Net Profit Per Branch  2.90 4.71 6.70 4.80 6.31 Adjusted PAT 2227.54 (45.98)Deposits Per Branch  31.26 35.15 27.81 27.73 30.94 Reported PAT 2227.54 (46.98) OPM(%)  19.87 24.38 NPM(%)  17.86 23.35 Rate of Growth Capital Adequacy Ratio  12.50 15.05 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 26.47 24.84 36.20 12.55 19.34 Net Sales 10545.51 45.03Other Income (15.41) 11.28 (7.38) 112.46 13.12 Other Income 219.86 (11.58)Total Operating Expenses 22.98 21.39 42.03 14.31 19.37 Personnel Expenses  2179.06 60.00Personnel Expenses  33.37 37.24 7.40 18.95 18.52 EBIDTA 1990.25 67.11EBIDTA 35.41 37.26 7.07 18.78 18.77 EBT 1980.61 67.54EBT 35.27 37.44 7.23 19.21 18.90 Adjusted PAT 1412.03 73.15Adjusted PAT 36.64 42.31 3.08 19.12 19.01 Reported PAT 1412.03 73.15Reported PAT 39.45 37.36 9.75 18.41 20.01 OPM(%)  20.66 18.73 NPM(%)  18.87 16.38 Capital Adequacy Ratio  13.39 11.22 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.B Prasada Rao Chairman and Managing director 2011 2352 246.2 17.91 1.87Mr.Saurabh Chandra Director 2010 2695 2060 21.95 16.78Mr.Ambuj Sharma Director 2009 2550 1250 28.96 14.19 Key Executives (Top Three)Name DesignationMr.I P Singh Company Secretary & Compliance Officer GOLD SPONSORNA NANA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 52
  • 53. Industry Construction & Contracting Group Jaypee Group Jaiprakash Associates Ltd 30727.85 Face Value 2 Capital Employed RANK: 47 No. Of Equity Share 21264.33 Price 62.1 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 13205.15 13241.14 8.24 32275.66 In US $ million 256.61 257.31 8.24 627.20 RANK in 50 Stocks 47 29 37 34 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 12876.47 10066.57 5768.76 3978.37 3468.16 Promoter 996934864 46.88Other Income 350.56 274.30 395.53 268.32 105.22 FII 395275136 18.59Operating Profit 3362.83 2696.51 2159.92 1427.38 1096.08 Mutual Funds and UTI 149406801 7.03EBITDA 2754.60 2236.05 1850.62 1223.77 932.72 Banks and Insurance 124157426 5.84EBT 1239.19 1077.77 1265.87 840.07 634.76 Other Investors 170883822 8.04Adjusted PAT 638.37 404.46 911.90 606.39 429.75 General Public 289775133 13.63Reported PAT 1167.78 1708.36 897.01 609.67 414.90 GRAND TOTAL 2126433182 100Net Worth 9194.81 8196.80 6390.70 4289.87 2564.09 Valuation RatioEnterprise Value 32275.66 42144.95 29640.90 39048.66 31922.56 Annual TTMCapital Employed 30727.85 25963.28 19404.51 12524.15 7995.15 P/E 11.31 17.14Cash & Balances with RBI  14796.41 12847.14 8619.22 5166.24 4201.93 P/B 1.41 NAAdvances   7969.54 5247.69 5763.37 4545.18 2228.13 P/S 1.03 1.00Investment 6483.75 5576.26 4465.20 3224.83 1778.74 EV/EBITDA 9.60 NA Dividend Yield 1.29 NAEPS (Rs.)  5.49 8.04 7.58 5.20 18.92Cash EPS (Rs.)  8.35 10.21 10.19 6.94 26.38 Latest Result (TTM)Dividend Per Share (Rs.) 0.80 1.08 1.00 1.00 3.60 TTM End September  11 Growth(%)Book Value (Rs.)  44.19 40.01 56.58 39.25 131.04 Net Sales 13241.14 0.46Sales Per Share (Rs.)  60.55 47.38 48.73 33.96 158.19 Other Income 157.72 49.23Free Reserves Per Share (Rs.) 31.37 29.81 43.68 28.65 93.78 Personnel Expenses  3376.07 1.23 EBIDTA 2723.05 0.66 Ratio Analysis EBT 1148.86 (5.25)Capital Adequacy Ratio  26.12 26.79 37.44 35.88 31.60 Adjusted PAT 757.94 2.19EBIDTAM(%) 21.39 22.21 32.08 30.76 26.89 Reported PAT 770.30 1.73APATM(%) 4.96 4.02 15.81 15.24 12.39 OPM(%)  25.50 25.30Fund based income(%) 9.68 8.59 21.17 20.36 17.10 NPM(%)  20.57 20.53Fee based income(%) 3.80 6.58 4.62 4.87 5.19 Capital Adequacy Ratio  5.72 5.63Yield on Fund Advances  15.74 13.01 15.90 21.99 21.91 Latest Result (Half Yearly)Break‐Even Yield Ratio  2.34 2.17 2.10 2.12 2.12 Half Year End September  11 Growth(%)Cost of Funds Ratio  0.87 0.78 0.67 0.77 0.82 Net Sales 6310.26 (8.95)Borrowings within India(%) 1.26 1.32 1.13 1.09 1.22 Other Income 61.43 (36.20)Borrowings from outside(%) 1.40 1.47 1.24 1.08 1.03 Personnel Expenses  1582.39 (11.78)Deposits within India(%) 12.35 11.15 7.75 6.83 3.83 EBIDTA 1234.19 (17.11)Deposits Outside India(%) 2.22 2.33 3.69 3.72 3.68 EBT 402.93 (45.98)Net Profit Per Branch  0.27 0.40 1.20 1.85 1.27 Adjusted PAT 236.20 (55.92)Deposits Per Branch  6.94 70.38 7.93 7.28 3.60 Reported PAT 235.69 (55.91) OPM(%)  25.08 25.88 NPM(%)  19.56 21.48 Rate of Growth Capital Adequacy Ratio  3.74 7.73 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 27.91 74.50 45.00 14.71 30.00 Net Sales 3132.41 (1.43)Other Income 27.80 (30.65) 47.41 155.01 27.21 Other Income 56.02 935.49Total Operating Expenses 29.04 90.90 42.03 13.81 31.83 Personnel Expenses  804.18 3.34Personnel Expenses  24.71 24.84 51.32 30.23 25.13 EBIDTA 628.08 3.62EBIDTA 23.19 20.83 51.22 31.20 24.18 EBT 223.18 24.16EBT 14.98 (14.86) 50.69 32.34 14.32 Adjusted PAT 128.99 20.32Adjusted PAT 57.83 (55.65) 50.38 41.10 8.24 Reported PAT 128.65 20.19Reported PAT (31.64) 90.45 47.13 46.94 22.99 OPM(%)  25.67 24.49 NPM(%)  20.05 19.07 Capital Adequacy Ratio  4.12 3.37 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.S Srivastava Director 2011 110.55 54.45 30.52 15.03Mr.R N Bhardwaj Director 2010 167.8 98.2 30.56 17.89Mr.S C Bhargava Director 2009 270 60.05 33.58 7.47 Key Executives (Top Three)Name DesignationMr.Ram Bahadur Singh CFO [Cement] GOLD SPONSORMr.Harish K Vaid Sr. President (Corp. Affairs) & Co. SecretaryMr.Gopal Das Bansal Sr. Vice‐President [Accounts] WWW.SWASTIKBUSINESSANALYTICS.COM Page: 53
  • 54. Industry Auto ‐ LCVs/HCVs Group Tata Group Tata Motors Ltd 35887.86 Face Value 2 Capital Employed RANK: 48 No. Of Equity Share 6346.14 Price 172.45 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 10943.92 50971.82 9.32 25490.53 In US $ million 212.67 990.51 9.32 495.35 RANK in 50 Stocks 48 6 34 40 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 47957.24 35373.29 25660.67 28767.91 26664.25 Promoter 943515805 35.05Other Income 420.69 402.27 841.54 359.42 887.23 FII 590151056 21.93Operating Profit 5126.41 4435.10 2564.64 3389.94 3473.74 Mutual Funds and UTI 51964947 1.93EBITDA 3659.47 3257.20 1638.93 2673.28 2802.43 Banks and Insurance 351789242 13.07EBT 2275.68 2010.95 934.01 2201.72 2346.68 Other Investors 545161834 20.25Adjusted PAT 1890.98 1421.49 921.51 1654.17 1686.31 General Public 209029531 7.77Reported PAT 1811.82 2240.08 1001.26 2028.92 1913.46 GRAND TOTAL 2691612415 100Net Worth 19989.11 14779.15 12369.20 7813.99 6843.80 Valuation RatioEnterprise Value 25490.53 73721.43 35817.17 21969.35 33837.92 Annual TTMCapital Employed 35887.86 31405.06 25534.76 14094.51 10852.94 P/E 6.04 7.36Cash & Balances with RBI  21883.32 18416.81 13905.17 10830.83 8775.80 P/B 0.55 NAAdvances   4058.56 5232.15 6954.04 5064.96 2513.32 P/S 0.23 0.21Investment 22624.21 22336.90 12968.13 4910.27 2477.00 EV/EBITDA 4.97 NA Dividend Yield 11.60 NAEPS (Rs.)  28.55 39.26 19.48 52.63 49.65Cash EPS (Rs.)  51.67 59.91 37.49 71.22 67.07 Latest Result (TTM)Dividend Per Share (Rs.) 20.00 15.00 6.00 15.00 15.00 TTM End September  11 Growth(%)Book Value (Rs.)  315.34 259.44 241.11 203.34 178.25 Net Sales 50971.82 2.93Sales Per Share (Rs.)  755.69 619.98 499.23 746.24 691.91 Other Income 208.74 (9.04)Free Reserves Per Share (Rs.) 287.53 229.67 217.77 182.38 157.16 Personnel Expenses  4463.02 (5.15) EBIDTA 2989.21 (9.06) Ratio Analysis EBT 2001.14 (9.20)Capital Adequacy Ratio  10.69 12.54 9.99 11.78 13.03 Adjusted PAT 1863.38 (1.72)EBIDTAM(%) 7.63 9.21 6.39 9.29 10.51 Reported PAT 1486.70 (18.20)APATM(%) 3.94 4.02 3.59 5.75 6.32 OPM(%)  8.76 9.50Fund based income(%) 7.00 7.35 7.20 8.24 8.84 NPM(%)  5.86 6.64Fee based income(%) 5.05 7.13 3.92 14.40 17.63 Capital Adequacy Ratio  3.66 3.83Yield on Fund Advances  80.96 44.28 34.52 32.51 35.34 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.79 1.12 1.06 0.80 0.58 Half Year End September  11 Growth(%)Cost of Funds Ratio  2.22 1.95 1.88 2.69 3.08 Net Sales 24577.94 (5.90)Borrowings within India(%) 0.52 0.44 0.43 0.64 0.85 Other Income 172.30 372.83Borrowings from outside(%) 0.53 0.43 0.58 0.66 0.91 Personnel Expenses  2011.82 (17.93)Deposits within India(%) 13.86 13.50 13.47 14.44 13.26 EBIDTA 1259.77 (27.16)Deposits Outside India(%) 3.70 3.56 3.64 7.19 7.62 EBT 794.52 (34.15)Net Profit Per Branch  7.00 8.61 9.49 9.88 10.18 Adjusted PAT 795.06 (25.58)Deposits Per Branch  5.90 5.94 5.82 4.60 3.88 Reported PAT 503.30 (48.82) OPM(%)  8.19 9.38 NPM(%)  5.13 6.62 Rate of Growth Capital Adequacy Ratio  3.23 4.09 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales 35.57 37.85 (10.80) 7.89 12.46 Net Sales 12953.80 8.87Other Income 4.58 (52.20) 134.14 (59.49) (13.86) Other Income 56.78 (50.85)Total Operating Expenses 38.01 30.93 (6.99) 6.89 12.43 Personnel Expenses  929.71 (14.08)Personnel Expenses  15.59 72.93 (24.35) (2.41) 8.09 EBIDTA 542.80 (24.29)EBIDTA 12.35 98.74 (38.69) (4.61) 5.48 EBT 330.70 (28.70)EBT 13.16 115.30 (57.58) (6.18) (0.61) Adjusted PAT 396.22 (0.66)Adjusted PAT 33.03 54.26 (44.29) (1.91) 2.32 Reported PAT 102.02 (74.58)Reported PAT (19.12) 123.73 (50.65) 6.03 (1.09) OPM(%)  7.18 9.09 NPM(%)  4.19 6.03 Capital Adequacy Ratio  3.06 3.35 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.Ratan N Tata Chairman / Chair Person 2011 1334.3 137.65 56.96 5.88Mr.S Bhargava Director 2010 1381.4 645.1 48.39 22.60Mr.N N Wadia Director 2009 799.8 126 20.37 3.21 Key Executives (Top Three)Name DesignationMr.B B Parekh Chief (Strategic Sourcing) GOLD SPONSORMr.C Ramakrishnan Chief Financial OfficerMr.H K Sethna Company Secretary & Compliance Officer WWW.SWASTIKBUSINESSANALYTICS.COM Page: 54
  • 55. Industry Power ‐ Generation/Distribution Group ADA Ent. Group Reliance Infrastructure Ltd 21154.92 Face Value 10 Capital Employed RANK: 49 No. Of Equity Share 2674.20 Price 404.2 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 10809.12 12558.70 9.25 14407.36 In US $ million 210.05 244.05 9.25 279.97 RANK in 50 Stocks 49 30 35 48 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 9217.59 9807.43 9640.16 6331.50 5752.47 Promoter 127626990 48.4Other Income 1023.19 959.60 971.07 738.58 695.22 FII 39634398 15.03Operating Profit 1645.88 1834.73 1405.47 1276.14 1192.33 Mutual Funds and UTI 7531775 2.86EBITDA 1332.47 1514.89 1160.59 1053.20 952.27 Banks and Insurance 47837763 18.14EBT 1090.02 1222.68 830.09 744.44 701.95 Other Investors 10989069 4.17Adjusted PAT 921.55 979.39 703.20 584.07 579.88 General Public 30050267 11.4Reported PAT 1080.91 1151.69 1138.88 1084.63 801.45 GRAND TOTAL 263670262 100Net Worth 17185.63 14616.35 11317.70 11043.27 8641.31 Valuation RatioEnterprise Value 14407.36 28009.30 27793.44 40231.77 34273.43 Annual TTMCapital Employed 21154.92 18731.25 18649.88 16052.31 14499.63 P/E 10.00 6.80Cash & Balances with RBI  10513.72 7428.27 6922.69 6396.14 5898.36 P/B 0.61 NAAdvances   649.25 602.27 564.42 568.92 288.49 P/S 1.17 0.86Investment 12584.08 10019.57 12147.10 7664.36 2511.88 EV/EBITDA 8.75 NA Dividend Yield 1.78 NAEPS (Rs.)  40.42 47.03 50.39 45.86 35.07Cash EPS (Rs.)  52.14 60.09 61.22 55.28 45.57 Latest Result (TTM)Dividend Per Share (Rs.) 7.20 7.10 7.00 6.30 5.30 TTM End September  11 Growth(%)Book Value (Rs.)  660.54 618.66 526.71 496.01 408.59 Net Sales 12558.70 13.68Sales Per Share (Rs.)  344.69 400.52 426.51 267.68 251.72 Other Income 605.44 36.97Free Reserves Per Share (Rs.) 550.66 478.82 396.63 369.71 339.74 Personnel Expenses  2519.27 22.15 EBIDTA 2232.48 27.07 Ratio Analysis EBT 1971.15 29.78Capital Adequacy Ratio  17.86 18.71 14.58 20.16 20.73 Adjusted PAT 1590.40 25.71EBIDTAM(%) 14.46 15.45 12.04 16.63 16.55 Reported PAT 1590.40 25.71APATM(%) 10.00 9.99 7.29 9.22 10.08 OPM(%)  20.06 18.67Fund based income(%) 13.40 13.25 9.83 12.75 14.25 NPM(%)  17.78 15.90Fee based income(%) 5.11 6.15 6.11 6.76 5.53 Capital Adequacy Ratio  12.66 11.45Yield on Fund Advances  20.56 15.94 16.19 15.93 17.68 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.23 0.29 0.69 0.48 0.67 Half Year End September  11 Growth(%)Cost of Funds Ratio  1.14 1.33 1.40 0.99 0.97 Net Sales 7611.25 54.15Borrowings within India(%) 0.97 1.25 0.74 1.06 1.51 Other Income 221.89 (42.15)Borrowings from outside(%) 1.11 1.61 1.45 2.37 3.82 Personnel Expenses  1627.68 84.63Deposits within India(%) 59.11 59.45 55.96 40.26 32.87 EBIDTA 1494.92 102.68Deposits Outside India(%) 6.79 6.28 4.25 4.13 4.76 EBT 1354.70 119.74Net Profit Per Branch  1.26 0.43 0.96 0.01 0.00 Adjusted PAT 926.26 39.46Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 926.26 39.46 OPM(%)  21.39 17.86 NPM(%)  19.64 14.94 Rate of Growth Capital Adequacy Ratio  12.17 13.45 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales (6.01) 1.74 52.26 10.07 9.89 Net Sales 3950.54 7.92Other Income 6.63 (1.18) 31.48 6.24 8.04 Other Income 112.63 3.08Total Operating Expenses (3.78) (2.97) 58.89 10.25 10.34 Personnel Expenses  822.28 2.10Personnel Expenses  (10.29) 30.54 10.13 7.03 6.66 EBIDTA 758.44 2.98EBIDTA (12.04) 30.53 10.20 10.60 6.95 EBT 675.18 (0.63)EBT (10.85) 47.29 11.51 6.05 9.20 Adjusted PAT 495.74 15.16Adjusted PAT (5.91) 39.28 20.40 0.72 9.71 Reported PAT 495.74 15.16Reported PAT (6.15) 1.12 5.00 35.33 6.17 OPM(%)  20.81 22.00 NPM(%)  19.20 20.12 Capital Adequacy Ratio  12.55 11.76 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.R R Rai Additional Director 2011 893.75 366.3 15.03 6.16Mr.Anil Dhirubhai Ambani Chairman / Chair Person 2010 1225 751.25 30.31 18.59GeneralV P Malik Director 2009 1404.45 428.3 29.86 9.11 Key Executives (Top Three)Name DesignationMr.Ramesh Shenoy Company Secretary & Compliance Officer GOLD SPONSORNA NANA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 55
  • 56. Industry Power ‐ Generation/Distribution Group Tata Group Tata Power Company Ltd 18229.27 Face Value 1 Capital Employed RANK: 50 No. Of Equity Share 2373.07 Price 91.65 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 2174.92 7283.80 9.03 8320.73 In US $ million 42.26 141.54 9.03 161.69 RANK in 50 Stocks 50 37 36 49 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 6901.45 7104.22 7257.05 5909.60 4918.53 Promoter 754740990 31.8Other Income 464.44 252.34 226.62 151.40 335.89 FII 474797026 20.01Operating Profit 1982.80 2112.05 1351.14 1071.12 1037.63 Mutual Funds and UTI 102270134 4.31EBITDA 1472.66 1634.11 1017.41 775.61 735.89 Banks and Insurance 575867091 24.27EBT 1012.86 1213.47 691.68 603.79 548.78 Other Investors 135224725 5.7Adjusted PAT 823.52 892.75 480.77 471.44 478.75 General Public 330172394 13.91Reported PAT 941.49 947.65 922.20 869.90 696.80 GRAND TOTAL 2373072360 100Net Worth 11239.99 10532.36 8643.50 8052.83 5990.95 Valuation RatioEnterprise Value 8320.73 36819.15 28329.30 27028.19 22047.02 Annual TTMCapital Employed 18229.27 16495.78 13890.56 11136.18 9666.47 P/E 2.31 2.17Cash & Balances with RBI  10518.92 10010.80 8985.86 6481.99 6229.71 P/B 0.19 NAAdvances   1469.50 476.21 761.16 1681.74 781.05 P/S 0.32 0.30Investment 7939.91 6688.62 5443.47 4430.00 3570.15 EV/EBITDA 4.20 NA Dividend Yield 13.64 NAEPS (Rs.)  39.67 39.93 41.65 39.42 35.21Cash EPS (Rs.)  61.17 60.07 56.72 52.81 50.46 Latest Result (TTM)Dividend Per Share (Rs.) 12.50 12.00 11.50 10.50 9.50 TTM End September  11 Growth(%)Book Value (Rs.)  473.60 443.79 390.33 364.84 302.70 Net Sales 7283.80 4.47Sales Per Share (Rs.)  290.82 299.37 327.74 267.77 248.54 Other Income 752.38 22.61Free Reserves Per Share (Rs.) 399.41 372.15 308.95 278.20 215.63 Personnel Expenses  2343.15 9.68 EBIDTA 1824.08 12.61 Ratio Analysis EBT 1366.31 16.77Capital Adequacy Ratio  28.73 29.73 18.62 18.13 21.10 Adjusted PAT 1015.38 6.43EBIDTAM(%) 21.34 23.00 14.02 13.12 14.96 Reported PAT 1003.49 3.38APATM(%) 11.93 12.57 6.62 7.98 9.73 OPM(%)  32.17 30.64Fund based income(%) 19.32 19.29 11.22 12.98 15.87 NPM(%)  25.04 23.23Fee based income(%) 5.16 5.74 6.64 7.81 7.21 Capital Adequacy Ratio  13.94 13.68Yield on Fund Advances  33.26 34.08 31.20 30.84 31.60 Latest Result (Half Yearly)Break‐Even Yield Ratio  0.62 0.56 0.60 0.38 0.61 Half Year End September  11 Growth(%)Cost of Funds Ratio  0.65 0.70 0.80 0.91 0.78 Net Sales 3869.29 13.32Borrowings within India(%) 1.56 2.39 1.64 1.78 2.22 Other Income 579.86 236.11Borrowings from outside(%) 1.81 2.17 1.77 1.75 2.00 Personnel Expenses  1426.75 55.69Deposits within India(%) 17.79 18.98 15.49 18.70 6072.41 EBIDTA 1158.39 74.01Deposits Outside India(%) 4.31 5.02 4.15 6.23 5.55 EBT 929.51 112.80Net Profit Per Branch  1.70 0.78 4.47 0.31 2.12 Adjusted PAT 594.60 41.31Deposits Per Branch  0.00 0.00 0.00 0.00 0.00 Reported PAT 551.19 20.27 OPM(%)  36.87 26.84 NPM(%)  29.94 19.50 Rate of Growth Capital Adequacy Ratio  15.37 12.32 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End September  11 Growth(%)Net Sales (2.85) (2.11) 22.80 20.15 7.01 Net Sales 1948.05 1.40Other Income 84.05 11.35 49.68 (54.93) 6.70 Other Income 332.28 34.21Total Operating Expenses 2.64 (14.48) 22.90 18.33 5.00 Personnel Expenses  751.32 11.24Personnel Expenses  (6.12) 56.32 26.14 3.23 13.83 EBIDTA 616.05 13.59EBIDTA (9.88) 60.61 31.18 5.40 14.88 EBT 499.58 16.20EBT (16.53) 75.44 14.56 10.02 13.04 Adjusted PAT 313.04 11.18Adjusted PAT (7.75) 85.69 1.98 (1.53) 11.46 Reported PAT 281.50 4.38Reported PAT (0.65) 2.76 6.01 24.84 6.20 OPM(%)  38.57 35.16 NPM(%)  31.62 28.23 Capital Adequacy Ratio  16.07 14.66 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EMr.R N Tata Chairman / Chair Person 2011 1413 90.3 33.41 2.14Mr.R Gopalakrishnan Director 2010 1518.55 1193.1 38.28 30.08Mr.D M Satwalekar Director 2009 1487 602 37.24 15.08 Key Executives (Top Three)Name DesignationMr.H M Mistry Company Secretary GOLD SPONSORMr.B J Shroff Vice PresidentNA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 56
  • 57. Top Overview and Rank Name of the Company. Rank as per Market Capitalization*. Industry: Industry type under which the company is classified. Group: The Business group under which the company is classified. Capital Employed: Latest year’s total capital employed by the company** Face Value: Face Value of the share. No. of Equity Share: No. of Equity Share of the company (In Lakhs). Price: Price of NSE as per last day of the month. Market Cap: Market cap is determined as (Price X No. of Equity Share). TTM Sales: Trailing Twelve months sales of the company. ROE: TTM Adjusted PAT/ Net worth Enterprise Value: Market Cap + Debt ‐ Cash& Bank Balance Financial Performance Year End: The Financial year end of the company Net Sales: Total Sales‐Excise Other Income: Other Income by the company EBIDTA: Earning Before Interest Depreciation Tax and Amortization EBIT: Earning Before Interest and Tax EBT: Earning Before Tax Adjusted PAT: Profit After Tax but Before considering any Extra‐ordinary Nonrecurring items. Reported PAT: Profit after Tax with Extra‐ordinary Nonrecurring items. Net Worth: Share Capital+ Share Premium+ Free Reserves Enterprise Value: Market Cap + Debt ‐ Cash& Bank Balance*** Capital Employed: Equity Capital + Preference Capital + Free Reserve + Debt Gross Block: Total fixed assets at cost excluding Capital Work‐in‐Progress Capital Work‐in‐progress: Capital Work in Progress Investment: Investment by the company EPS (Rs.) : RPAT/No. of Equity Share Cash EPS (Rs.) : RPAT + All non‐cash Expenditure/No. of Equity Share Dividend Per Share (Rs.): Equity Dividend/ No. of Equity Share Book Value (Rs.) : (Equity Capital + Reserve and Surplus)/No. of Equity share  Sales Per Share (Rs.) : Net Sales/ No. of Equity Share Free Reserves Per Share (Rs.) : Free Reserve/ No. of Equity Share Ratio Analysis EBIDTAM(%): EBITDA/ Net Sales EBITM(%): EBIT/ Sales APATM(%): APAT/ Sales Adjusted Cash Margin (%): Cash Profit/ Net Sales  ROCE (%): RPAT/ Capital Employed Dividend payout Ratio: Equity Dividend/ RPATData Notes: Except Debt/Equity: Total Debt/ Equity Fixed Assets Turnover Ratio: Net Sales/ Fixed Assets Current Ratio: Current Assets/ Current Liabilities Banks Quick Ratio : Current Assets ‐ Inventory/ Current Liabilities ‐ Overdraft Inventory Turnover Ratio: Net Sales/ Average Inventory Fin. Charges Cov.Ratio: EBIT/ Interest Exports of Total Sales (%): Export/ Total Sales Import  of Raw Mat.(%): Import of Raw Material/ Total Raw Materia Rate of Growth: Annual Growth rate for last four year Compounded Annual Growth Rate (CAGR) of last five years Share holding Information: Share holding pattern of the company Valuation Ratio P/E: Price Earning ratio on year‐end TTM profit P/B: Price to Book value ratio P/S: Price to Sales ratio EV/EBITDA: Enterprise value to EBITDA Dividend Yield: DPS/Price Latest Result (TTM, Half Yearly, Quarterly) Period End: Latest published period Growth: Growth over last period Net Sales: Sales ‐ Excise Other Income: Other Income of the company EBIDTA: Earning Before Interest Depreciation Tax and Amortization EBIT: Earning Before Interest and Tax EBT: Earning Before Tax Adjusted PAT: Profit After Tax but Before considering any Extra‐ordinary Nonrecurring items. Reported PAT: Profit after Tax with Extra‐ordinary Nonrecurring items. OPM(%) : Operating Profit Margin GPM(%) : Gross Profit Margin NPM(%) : Net Profit Margin Other Information: Top three Board of Directors and Key Executives Last three year high low information Page: 57
  • 58. Top Overview and Rank Name of the Company. Rank as per Market Capitalization*. Industry: Industry type under which the company is classified. Group: The Business group under which the company is classified. Capital Employed: Latest year’s total capital employed by the company** Face Value: Face Value of the share. No. of Equity Share: No. of Equity Share of the company (In Lakhs). Price: Price of NSE as per last day of the month. Market Cap: Market cap is determined as (Price X No. of Equity Capital) TTM Sales: Trailing Twelve months sales of the company.  ROE: TTM Adjusted PAT/ Net worth Enterprise Value: Market Cap + Debt ‐ Cash& Bank Balance Financial Performance Year End: The Financial year end of the company Net Sales: Total Sales‐Excise Other Income: Other Income by the company Operating Profit: Operating Profit by banking activity EBITDA: Earning Before Interest Depreciation and Amortization EBT: Earning Before Interest Adjusted PAT: Profit after Tax without considering any non‐recurring item Reported PAT: Profit after Tax with non‐recurring item Net Worth: Share Capital+ Share Premium+ Free Reserves Enterprise Value: Market Cap + Total external fund – Cash and Bank Balance Capital Employed: Net worth+ Total External Fund Cash & Balances with RBI : Cash and Balances held with RB Advances : Advances by Banks to its customer Investment: Investment by Bank EPS (Rs.) : RPAT/No. of Equity Share Cash EPS (Rs.) : RPAT + All non‐cash Expenditure/No. of Equity Share Dividend Per Share (Rs.): Equity Dividend/ No. of Equity Share Book Value (Rs.) : (Equity Capital + Reserve and Surplus)/No. of Equity share Sales Per Share (Rs.) : Net Sales/ No. of Equity Share Free Reserves Per Share (Rs.) : Free Reserve/ No. of Equity share Ratio Analysis Capital Adequacy Ratio : Capital Adequacy ratio of the bank EBITM(%): EBIT/ Sales APATM(%): APAT/ Sales Fund based income(%): Income from loans and advances Fee based income(%): Income from other banking activity Yield on Fund Advances : Yield of advances Break‐Even Yield Ratio : Yield that match fund raising costData Notes: Banks Cost of Funds Ratio : Cost of Fund Borrowings within India(%): Borrowing in India Borrowings from outside(%): Borrowing outside India Deposits within India(%): Deposit in India Deposits Outside India(%): Deposit outside India Net Profit Per Branch : Net profit per Branch Deposits Per Branch : Deposit per branch Rate of Growth: Annual Growth rate for last four year Compounded Annual Growth Rate (CAGR) of last five years Share holding Information: Share holding pattern of the company Valuation Ratio P/E: Price Earning ratio on year‐end TTM profit P/B: Price to Book value ratio P/S: Price to Sales ratio EV/EBITDA: Enterprise value to EBITDA Dividend Yield: DPS/Price Latest Result (TTM, Half Yearly, Quarterly) Period End: Latest published period Growth: Growth over last period Net Sales: Income from banking activity Other Income: Other Income of the company Personnel Expenses : Employee expenses EBIDTA: Earning Before Interest Depreciation Tax and Amortization  EBT: Earning Before Tax Adjusted PAT: Profit after Tax but before considering any Extra‐ordinary Nonrecurring items. Reported PAT: Profit after Tax with Extra‐ordinary Nonrecurring items. OPM(%) : Operating Profit Margin NPM(%) : Net Profit Margin Capital Adequacy Ratio: Capital Adequacy ratio of the bank  Other Information: Top three Board of Directors and Key Executives Last three year high low information **** All figures are  In crore ***** $ exchange rate as on last day of previous month Page: 58
  • 59. About Tanay & Peu Our passion lies in the field of financial research & Investment management and we  intend to apply our knowledge gained over a period of years through intense study and  keen observation of the nuances of financial markets and instruments to real life  scenarios. We possess expert knowledge of financial products and markets as evidenced  by top notch qualifications earned by us , all in the first attempt and keep ourselves  abreast with the latest happenings and innovations taking place in financial landscape. 1. Expertise in Portfolio Management, Product optimization, Product performance  Analysis, Financial Reporting/ Planning, Cash Flow Analysis, Ratio Analysis, Budgeting,  Forecasting, Mergers & Acquisition and knowledge of GAAP/ IFRS 2. Possess Strong Financial Modeling skills including DCF, LBO and other techniques.  Possess ability to research all asset classes in a broad range of industries and  geographies. 3. Strong equity research, finance, accounting and advisory and assurance experience 4. Expertise in Technical analysis, fundamental analysis, developing trading systems. 5. Conduct in‐depth financial analysis of company financials. 6. Write analytical or trend based reports on companies, sectors or markets. 7. Expert level application in Bloomberg, Thomson Banker, Factset, DataStream, Stock  Val, Merger markets, Reuters Knowledge, Haver Analytics, Factiva, Pack Hedge, 8. Building Excel/VBA based customized tools to perform detailed analysis.About Us Contact Us: tanay.roy2008@gmail.com Page: 59
  • 60. About Swastik Business Analytics:Swastik business analytics is a global provider of end‐to‐end   Market, Business & financial Research solution and Data Management Services. With a unique blend of market knowledge, research expertise and flexible engagement models, we provide cost‐effective yet world‐class research services. Incorporated in Kolkata, India, Swastik Research Services has emerged as a trusted research partner to a large number of global firms who follow the outsourcing model for their research needs, as well as domestic and international firms wishing to understand the Indian market.Our Mission is to strengthen the performance and reputation of our customers by managing and operating critical knowledge processes. To achieve these objectives we believe in leveraging our extensive domain expertise in targeted industry segments; attract, develop and manage outstanding talent and continue to expand our operational footprints to meet our clients’ needs. www.swastikbusinessanalytics.com Page: 60