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Compendium of nifty november beta (1.0.0.1) release.

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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 November‐ 2011
  • 2. Company Name Market Cap Rank Reliance Industries Ltd 287254.94 1 Oil & Natural Gas Corpn Ltd 237543.18 2 Tata Consultancy Services Ltd 218386.72 3 Coal India Ltd. 209703.28 4 Infosys Technologies Ltd 165215.11 5 ITC Ltd 164938.54 6 Bharti Airtel Ltd 148787.23 7 NTPC Ltd 147799.94 8 State Bank of India 121050.05 9 HDFC Bank Ltd 113981.35 10 ICICI Bank Ltd 107251.72 11 HDFC Ltd 101046.51 12 Wipro Ltd 89978.63 13 Larsen & Toubro Ltd 86039.92 14 Hindustan Unilever Ltd 81152.96 15 Cairn India Ltd 56734.18 16 GAIL (India) Ltd 53643.89 17 Jindal Steel & Power Ltd 52557.30 18 Sun Pharmaceuticals Industries Ltd 52239.93 19 Mahindra & Mahindra Ltd 50817.42 20 Bajaj Auto Ltd 50057.60 21 Power Grid Corporation of India Ltd 48542.67 22 Axis Bank Ltd 47597.11 23 Steel Authority of India Ltd 46343.10 24 Tata Steel Ltd 46310.85 25 Hero MotoCorp Ltd. 43558.94 26 Sterlite Industries (India) Ltd 42804.98 27 DLF Ltd 41106.71 28 Kotak Mahindra Bank Ltd. 37757.73 29 Maruti Suzuki India Ltd 32511.04 30Rank-Market Cap Punjab National Bank HCL Technologies Ltd 30928.58 30560.57 31 32 Siemens Ltd 28823.81 33 Dr Reddys Laboratories Ltd 28277.10 34 Reliance Power Ltd 26788.95 35 Hindalco Industries Ltd 26026.24 36 Ambuja Cements Ltd 23758.71 37 Cipla Ltd 23718.29 38 Grasim Industries Ltd 22745.48 39 Bharat Petroleum Corporation Ltd 22509.60 40 ACC Ltd 22436.47 41 Ranbaxy Laboratories Ltd 21138.36 42 IDFC Ltd 19357.56 43 Sesa Goa Ltd 18020.81 44 Reliance Communications Ltd 16481.26 45 Jaiprakash Associates Ltd 16469.22 46 Bharat Heavy Electricals Ltd 15556.95 47 Tata Motors Ltd 12593.91 48 Reliance Infrastructure Ltd 12418.63 49 Tata Power Company Ltd 2383.75 50 Page: 2
  • 3. Company Name Sales Rank Reliance Industries Ltd 292050.00 1 Bharat Petroleum Corporation Ltd 163532.28 2 State Bank of India 87139.68 3 Oil & Natural Gas Corpn Ltd 71744.28 4 NTPC Ltd 60166.36 5 Tata Motors Ltd 49522.09 6 Larsen & Toubro Ltd 47525.14 7 Steel Authority of India Ltd 45225.47 8 Bharat Heavy Electricals Ltd 43165.93 9 Bharti Airtel Ltd 38872.10 10 Maruti Suzuki India Ltd 35947.55 11 GAIL (India) Ltd 35907.95 12 Tata Consultancy Services Ltd 33539.81 13 Tata Steel Ltd 30705.12 14 Punjab National Bank 29330.09 15 Wipro Ltd 28917.90 16 ICICI Bank Ltd 27780.03 17 Infosys Technologies Ltd 27577.00 18 Mahindra & Mahindra Ltd 25067.16 19 Hindalco Industries Ltd 24711.83 20 ITC Ltd 23419.13 21 HDFC Bank Ltd 23394.18 22 Hero MotoCorp Ltd. 22065.24 23 Hindustan Unilever Ltd 20439.35 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 13179.95 29 Reliance Communications Ltd 11787.20 30Rank-TTM Sales Siemens Ltd Reliance Infrastructure Ltd 11514.11 11047.26 31 32 Jindal Steel & Power Ltd 11012.76 33 Power Grid Corporation of India Ltd 8729.79 34 ACC Ltd 8633.76 35 Ambuja Cements Ltd 7821.94 36 HCL Technologies Ltd 7275.37 37 Tata Power Company Ltd 6971.82 38 Sesa Goa Ltd 6868.87 39 Cipla Ltd 6429.64 40 Dr Reddys Laboratories Ltd 6080.36 41 Kotak Mahindra Bank Ltd. 5162.46 42 Grasim Industries Ltd 5011.42 43 IDFC Ltd 4851.36 44 Ranbaxy Laboratories Ltd 4660.25 45 Sun Pharmaceuticals Industries Ltd 3243.89 46 DLF Ltd 2949.93 47 Coal India Ltd. 476.77 48 Reliance Power Ltd 48.78 49 Cairn India Ltd 4.29 50 Page: 3
  • 4. Company Name REO(%) Rank Hindustan Unilever Ltd 81.79 1 Hero MotoCorp Ltd. 73.47 2 Bajaj Auto Ltd 58.56 3 Tata Consultancy Services Ltd 48.51 4 ITC Ltd 34.70 5 Coal India Ltd. 30.84 6 Bharat Heavy Electricals Ltd 30.16 7 Infosys Technologies Ltd 27.95 8 Siemens Ltd 26.75 9 Mahindra & Mahindra Ltd 25.11 10 Jindal Steel & Power Ltd 24.90 11 Sesa Goa Ltd 23.43 12 HCL Technologies Ltd 22.68 13 Wipro Ltd 22.66 14 Punjab National Bank 22.31 15 Sun Pharmaceuticals Industries Ltd 22.22 16 HDFC Ltd 22.22 16 GAIL (India) Ltd 19.89 18 Axis Bank Ltd 19.87 19 Oil & Natural Gas Corpn Ltd 19.39 20 Grasim Industries Ltd 17.85 21 HDFC Bank Ltd 17.68 22 Larsen & Toubro Ltd 17.45 23 Bharti Airtel Ltd 16.36 24 ACC Ltd 16.12 25 Dr Reddys Laboratories Ltd 16.04 26 Ambuja Cements Ltd 15.81 27 Tata Steel Ltd 15.49 28 Reliance Industries Ltd 14.98 29 Cipla Ltd 14.58 30Rank-ROE Maruti Suzuki India Ltd Kotak Mahindra Bank Ltd. 14.53 13.88 31 32 NTPC Ltd 13.69 33 Power Grid Corporation of India Ltd 13.00 34 Steel Authority of India Ltd 12.28 35 State Bank of India 10.67 36 IDFC Ltd 10.31 37 ICICI Bank Ltd 9.91 38 Tata Motors Ltd 9.49 39 Tata Power Company Ltd 8.49 40 DLF Ltd 8.21 41 Jaiprakash Associates Ltd 7.89 42 Hindalco Industries Ltd 7.53 43 Reliance Infrastructure Ltd 7.16 44 Sterlite Industries (India) Ltd 5.17 45 Bharat Petroleum Corporation Ltd 5.00 46 Reliance Power Ltd 1.20 47 Ranbaxy Laboratories Ltd 0.17 48 Cairn India Ltd (0.44) 49 Reliance Communications Ltd (1.13) 50 Page: 4
  • 5. Company Name EV Rank State Bank of India 1156926.06 1 ICICI Bank Ltd 424304.38 2 Punjab National Bank 358054.06 3 HDFC Bank Ltd 336285.85 4 Reliance Industries Ltd 327516.76 5 Axis Bank Ltd 249902.99 6 Oil & Natural Gas Corpn Ltd 232660.89 7 Tata Consultancy Services Ltd 217850.66 8 Coal India Ltd. 210700.34 9 HDFC Ltd 210059.70 10 NTPC Ltd 174802.92 11 ITC Ltd 162858.43 12 Bharti Airtel Ltd 160556.33 13 Infosys Technologies Ltd 150050.11 14 Larsen & Toubro Ltd 91470.68 15 Wipro Ltd 89519.43 16 Power Grid Corporation of India Ltd 85745.38 17 Hindustan Unilever Ltd 79512.95 18 Kotak Mahindra Bank Ltd. 79304.03 19 Tata Steel Ltd 70470.45 20 Jindal Steel & Power Ltd 64620.41 21 Cairn India Ltd 58031.90 22 DLF Ltd 56012.52 23 Bharat Petroleum Corporation Ltd 54911.19 24 IDFC Ltd 54704.24 25 GAIL (India) Ltd 53822.54 26 Mahindra & Mahindra Ltd 52608.54 27 Sun Pharmaceuticals Industries Ltd 52268.31 28 Bajaj Auto Ltd 50226.26 29 Steel Authority of India Ltd 49029.33 30Rank-EV Sterlite Industries (India) Ltd Hero MotoCorp Ltd. 48487.92 45010.87 31 32 Reliance Communications Ltd 44120.79 33 Jaiprakash Associates Ltd 35714.33 34 Hindalco Industries Ltd 33072.79 35 HCL Technologies Ltd 31423.03 36 Maruti Suzuki India Ltd 30311.84 37 Dr Reddys Laboratories Ltd 29655.70 38 Tata Motors Ltd 27140.52 39 Reliance Power Ltd 27108.08 40 Siemens Ltd 26970.61 41 Ranbaxy Laboratories Ltd 25237.25 42 Cipla Ltd 24075.55 43 Grasim Industries Ltd 23544.58 44 Ambuja Cements Ltd 21534.83 45 ACC Ltd 20572.70 46 Sesa Goa Ltd 18813.80 47 Reliance Infrastructure Ltd 16016.87 48 Tata Power Company Ltd 8529.56 49 Bharat Heavy Electricals Ltd 6090.15 50 Page: 5
  • 6. Name Market CAP Rank TTM Sales Rank ROE Rank EV RankReliance Industries Ltd 287254.94 1 292050.00 1 14.98 29 327516.76 5Oil & Natural Gas Corpn Ltd 237543.18 2 71744.28 4 19.39 20 232660.89 7Tata Consultancy Services Ltd 218386.72 3 33539.81 13 48.51 4 217850.66 8Coal India Ltd. 209703.28 4 476.77 48 30.84 6 210700.34 9Infosys Technologies Ltd 165215.11 5 27577.00 18 27.95 8 150050.11 14ITC Ltd 164938.54 6 23419.13 21 34.70 5 162858.43 12Bharti Airtel Ltd 148787.23 7 38872.10 10 16.36 24 160556.33 13NTPC Ltd 147799.94 8 60166.36 5 13.69 33 174802.92 11State Bank of India 121050.05 9 87139.68 3 10.67 36 1156926.06 1HDFC Bank Ltd 113981.35 10 23394.18 22 17.68 22 336285.85 4ICICI Bank Ltd 107251.72 11 27780.03 17 9.91 38 424304.38 2HDFC Ltd 101046.51 12 15071.16 28 22.22 16 210059.70 10Wipro Ltd 89978.63 13 28917.90 16 22.66 14 89519.43 16Larsen & Toubro Ltd 86039.92 14 47525.14 7 17.45 23 91470.68 15Hindustan Unilever Ltd 81152.96 15 20439.35 24 81.79 1 79512.95 18Cairn India Ltd 56734.18 16 4.29 50 (0.44) 49 58031.90 22GAIL (India) Ltd 53643.89 17 35907.95 12 19.89 18 53822.54 26Jindal Steel & Power Ltd 52557.30 18 11012.76 33 24.90 11 64620.41 21Sun Pharmaceuticals Industries  52239.93 19 3243.89 46 22.22 16 52268.31 28Mahindra & Mahindra Ltd 50817.42 20 25067.16 19 25.11 10 52608.54 27Bajaj Auto Ltd 50057.60 21 18421.60 25 58.56 3 50226.26 29Power Grid Corporation of India 48542.67 22 8729.79 34 13.00 34 85745.38 17Axis Bank Ltd 47597.11 23 18362.34 26 19.87 19 249902.99 6Steel Authority of India Ltd 46343.10 24 45225.47 8 12.28 35 49029.33 30Tata Steel Ltd 46310.85 25 30705.12 14 15.49 28 70470.45 20Hero MotoCorp Ltd. 43558.94 26 22065.24 23 73.47 2 45010.87 32Sterlite Industries (India) Ltd 42804.98 27 18188.50 27 5.17 45 48487.92 31DLF Ltd 41106.71 28 2949.93 47 8.21 41 56012.52 23Kotak Mahindra Bank Ltd. 37757.73 29 5162.46 42 13.88 32 79304.03 19Maruti Suzuki India Ltd 32511.04 30 35947.55 11 14.53 31 30311.84 37Punjab National Bank 30928.58 31 29330.09 15 22.31 15 358054.06 3HCL Technologies Ltd 30560.57 32 7275.37 37 22.68 13 31423.03 36Siemens Ltd 28823.81 33 11514.11 31 26.75 9 26970.61 41 OverviewDr Reddys Laboratories Ltd 28277.10 34 6080.36 41 16.04 26 29655.70 38Reliance Power Ltd 26788.95 35 48.78 49 1.20 47 27108.08 40Hindalco Industries Ltd 26026.24 36 24711.83 20 7.53 43 33072.79 35Ambuja Cements Ltd 23758.71 37 7821.94 36 15.81 27 21534.83 45Cipla Ltd 23718.29 38 6429.64 40 14.58 30 24075.55 43Grasim Industries Ltd 22745.48 39 5011.42 43 17.85 21 23544.58 44Bharat Petroleum Corporation L 22509.60 40 163532.28 2 5.00 46 54911.19 24ACC Ltd 22436.47 41 8633.76 35 16.12 25 20572.70 46Ranbaxy Laboratories Ltd 21138.36 42 4660.25 45 0.17 48 25237.25 42IDFC Ltd 19357.56 43 4851.36 44 10.31 37 54704.24 25Sesa Goa Ltd 18020.81 44 6868.87 39 23.43 12 18813.80 47Reliance Communications Ltd 16481.26 45 11787.20 30 (1.13) 50 44120.79 33Jaiprakash Associates Ltd 16469.22 46 13179.95 29 7.89 42 35714.33 34Bharat Heavy Electricals Ltd 15556.95 47 43165.93 9 30.16 7 6090.15 50Tata Motors Ltd 12593.91 48 49522.09 6 9.49 39 27140.52 39Reliance Infrastructure Ltd 12418.63 49 11047.26 32 7.16 44 16016.87 48Tata Power Company Ltd 2383.75 50 6971.82 38 8.49 40 8529.56 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 877.55 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 287254.94 292050.00 14.98 327516.76 In US $ million 5862.35 5960.20 14.98 6684.02 RANK in 50 Stocks 1 1 29 5 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 1579342237 48.23Other Income 2687.98 2193.13 1713.38 772.17 457.00 FII 567131931 17.32EBIDTA 40520.69 32162.20 25865.77 23204.69 20862.91 Mutual Funds and UTI 91266633 2.79EBIT 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 363734332 11.11Adjusted 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 327516.76 380574.38 325568.80 336164.90 338484.55 Annual TTMCapital Employed 213470.00 190861.03 188492.70 117057.02 89140.89 P/E 14.16 13.13Gross Block 221251.97 215864.71 149628.70 104229.10 99532.77 P/B 1.90 NACapital Work‐in‐progress  12819.56 12138.82 69043.83 23005.84 7528.13 P/S 1.16 0.98Investment 33019.27 19255.35 20268.18 20516.11 16251.34 EV/EBITDA 8.08 NA Dividend Yield 0.91 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 EBIDTA 42996.00 2.08 EBIT 30086.00 4.47 Ratio Analysis EBT 27636.00 4.41EBIDTAM(%) 16.33 16.74 18.22 17.34 18.68 Adjusted PAT 21876.00 3.70EBITM(%) 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 15.54Adjusted Cash Margin (%)  13.39 13.45 14.76 13.81 15.20 GPM(%)  10.30 10.63ROCE (%) 9.50 8.51 8.12 16.62 13.40 NPM(%)  7.49 7.79Dividend payout Ratio 13.66 14.97 14.49 9.80 13.75 Latest Result (Half Yearly)Debt/Equity  0.46 0.48 0.64 0.46 0.45 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  1.58 1.24 1.01 1.29 1.13 Net Sales 159587.00 20.48Current Ratio 1.22 1.11 1.08 1.01 0.77 Other Income 2180.00 31.48Quick Ratio  1.01 0.76 0.90 0.93 0.68 EBIDTA 21950.00 4.30Inventory Turnover Ratio  9.59 8.29 12.92 10.57 10.65 EBIT 15786.00 10.39Fin. Charges Cov.Ratio 17.40 16.08 14.58 19.95 16.06 EBT 14581.00 11.69Exports of Total Sales (%) 56.64 53.46 61.22 56.80 52.40 Adjusted PAT 11364.00 8.11Import  of Raw Mat.(%) 91.71 95.39 95.74 93.96 94.04 Reported PAT 11364.00 8.11 OPM(%)  13.75 15.89 GPM(%)  9.89 10.80 Rate of Growth NPM(%)  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 EBIDTA 10946.00 (0.53)EBIDTA 25.99 24.34 11.47 11.22 14.20 EBIT 7977.00 2.15EBIT 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 GPM(%)  10.15 9.64 NPM(%)  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 277.65 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 237543.18 71744.28 19.39 232660.89 In US $ million 4847.82 1464.17 19.39 4748.18 RANK in 50 Stocks 2 4 20 7 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 5.17EBIDTA 45925.23 41065.94 36857.76 34081.28 31889.27 Mutual Funds and UTI 136289266 1.59EBIT 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 97504.43 87282.61 78735.42 70617.40 61923.93 Valuation RatioEnterprise Value 232660.89 262255.90 198817.02 192701.88 224356.17 Annual TTMCapital Employed 115068.69 103688.25 94771.12 83100.11 77033.00 P/E 12.55 12.27Gross Block 80938.60 71553.78 61355.61 57463.78 52038.07 P/B 2.44 NACapital Work‐in‐progress  65354.44 56073.25 52923.19 41154.63 37794.16 P/S 3.59 3.31Investment 5332.84 5772.03 5090.32 5899.50 5702.05 EV/EBITDA 5.07 NA Dividend Yield 6.03 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 June  11 Growth(%)Book Value (Rs.)  113.97 408.07 368.11 330.16 289.51 Net Sales 71744.28 3.73Sales Per Share (Rs.)  77.34 281.70 299.24 280.83 266.09 Other Income 2887.96 12.45Free Reserves Per Share (Rs.) 108.01 392.88 353.81 315.74 275.84 EBIDTA 45183.57 3.66 EBIT 28232.38 2.13 Ratio Analysis EBT 28206.02 2.13EBIDTAM(%) 69.41 68.16 57.59 56.74 56.03 Adjusted PAT 18905.97 2.35EBITM(%) 59.08 59.46 50.78 50.22 50.25 Reported PAT 19357.76 2.29APATM(%) 28.38 27.03 24.34 26.98 29.57 OPM(%)  62.98 63.02Adjusted Cash Margin (%)  38.71 35.73 31.15 33.50 35.36 GPM(%)  39.35 39.97ROCE (%) 16.45 16.17 17.02 20.10 20.31 NPM(%)  26.35 26.71Dividend payout Ratio 45.98 49.02 49.65 47.94 48.85 Latest Result (Half Yearly)Debt/Equity  0.18 0.18 0.20 0.17 0.24 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  0.82 0.84 1.05 1.05 1.10 Net Sales 36912.08 14.44Current Ratio 1.36 1.39 1.45 1.56 1.40 Other Income 1254.81 (4.46)Quick Ratio  1.20 1.22 1.27 1.39 1.28 EBIDTA 22758.66 9.27Inventory Turnover Ratio  94.69 87.82 111.98 122.77 150.64 EBIT 14330.01 7.63Fin. Charges Cov.Ratio 4.13 3.64 4.34 6.79 8.56 EBT 14308.57 7.50Exports of Total Sales (%) 7.12 7.61 5.36 6.31 5.25 Adjusted PAT 9815.94 13.40Import  of Raw Mat.(%) 23.34 20.13 17.60 17.41 20.11 Reported PAT 9874.09 9.11 OPM(%)  61.66 64.58 GPM(%)  38.82 41.28 Rate of Growth NPM(%)  26.59 26.84 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 9.81 (5.86) 6.56 5.54 3.06 Net Sales 16401.92 1.83Other Income 61.48 (26.96) 6.07 16.37 7.80 Other Income 726.97 24.15Total Operating Expenses 13.84 (28.98) 4.70 5.46 (2.24) EBIDTA 10196.92 19.15EBIDTA 11.83 11.42 8.15 6.87 7.57 EBIT 6074.45 61.12EBIT 9.12 10.22 7.75 5.49 6.45 EBT 6070.44 61.70EBT 13.89 2.21 (4.50) 1.11 2.37 Adjusted PAT 4094.90 46.73Adjusted PAT 15.30 4.55 (3.87) (3.71) 2.22 Reported PAT 4094.90 46.73Reported PAT 12.86 3.98 (3.44) 6.77 3.88 OPM(%)  62.17 53.13 GPM(%)  37.03 23.41 NPM(%)  24.97 17.33 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EProf.Deepak Nayyar Additional Director 2011 1299.5 226.95 57.43 10.03Mr.Arun Ramanathan Additional Director 2010 1472 997.35 66.55 45.09Mrs.Usha Thorat 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 1115.8 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 218386.72 33539.81 48.51 217850.66 In US $ million 4456.87 684.49 48.51 4445.93 RANK in 50 Stocks 3 13 4 8 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 12.81EBIDTA 9247.24 6903.44 6253.45 5190.62 4387.86 Mutual Funds and UTI 39957060 2.04EBIT 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 19479.49 15016.62 13346.25 10904.81 8058.99 Valuation RatioEnterprise Value 217850.66 182840.48 56271.33 72690.76 113697.39 Annual TTMCapital Employed 19620.61 15152.36 13486.62 11023.06 8109.73 P/E 28.89 23.11Gross Block 6030.16 4871.21 4359.24 3240.64 2315.36 P/B 11.15 NACapital Work‐in‐progress  1345.37 940.72 685.13 889.74 757.85 P/S 7.46 6.51Investment 5795.49 7893.39 5936.03 4509.33 3252.04 EV/EBITDA 23.56 NA Dividend Yield 1.25 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 EBIDTA 11870.98 18.10 EBIT 11242.80 18.70 Ratio Analysis EBT 11228.17 18.80EBIDTAM(%) 31.59 29.96 27.91 28.01 29.37 Adjusted PAT 9450.47 17.02EBITM(%) 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 31.93Adjusted Cash Margin (%)  27.66 26.71 26.36 25.52 26.60 GPM(%)  33.52 30.09ROCE (%) 38.58 37.08 34.82 40.90 46.33 NPM(%)  28.18 25.66Dividend payout Ratio 42.21 81.61 34.20 35.55 34.46 Latest Result (Half Yearly)Debt/Equity  0.01 0.01 0.01 0.01 0.01 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  4.91 4.74 5.15 5.74 6.49 Net Sales 17942.80 15.04Current Ratio 2.41 1.49 1.83 1.98 1.93 Other Income 1677.88 372.54Quick Ratio  2.40 1.48 1.83 1.97 1.98 EBIDTA 6772.33 32.83Inventory Turnover Ratio  5451.66 3398.94 1321.77 1137.21 1412.30 EBIT 6441.20 34.15Fin. Charges Cov.Ratio 462.13 723.63 840.52 1517.73 1279.26 EBT 6430.37 34.03Exports of Total Sales (%) 91.08 92.38 93.01 90.51 92.38 Adjusted PAT 5249.54 24.96Import  of Raw Mat.(%) 80.35 78.67 79.74 80.43 70.79 Reported PAT 5249.54 24.96 OPM(%)  37.74 32.69 GPM(%)  35.90 30.79 Rate of Growth NPM(%)  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 EBIDTA 4080.87 51.62EBIDTA 33.95 10.39 20.48 18.30 16.08 EBIT 3907.00 54.17EBIT 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 GPM(%)  41.88 29.42 NPM(%)  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 332 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 209703.28 476.77 30.84 210700.34 In US $ million 4279.66 9.73 30.84 4300.01 RANK in 50 Stocks 4 48 6 9 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 6.32EBIDTA 4984.27 4255.84 4122.09 3030.63 3187.30 Mutual Funds and UTI 63638453 1.01EBIT 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 15237.22 13369.29 12654.64 Valuation RatioEnterprise Value 210700.34 204965.56 1647.62 1510.83 1646.10 Annual TTMCapital Employed 20807.81 18525.02 17023.84 14880.12 14300.74 P/E 44.39 34.98Gross Block 387.46 376.63 368.92 355.30 351.88 P/B 10.79 NACapital Work‐in‐progress  55.67 17.84 5.99 1.07 0.08 P/S 454.79 439.84Investment 6319.17 6316.57 6316.36 6316.36 6316.36 EV/EBITDA 42.27 NA Dividend Yield 1.17 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 June  11 Growth(%)Book Value (Rs.)  30.77 27.01 24.12 2116.61 2003.47 Net Sales 476.77 15.23Sales Per Share (Rs.)  0.73 0.70 0.50 43.03 44.42 Other Income 6511.07 28.06Free Reserves Per Share (Rs.) 16.48 12.99 10.57 806.02 734.76 EBIDTA 6408.98 29.93 EBIT 6329.88 30.61 Ratio Analysis EBT 6069.51 30.73EBIDTAM(%) 1080.46 949.67 1296.05 1114.98 1136.13 Adjusted PAT 5995.25 29.89EBITM(%) 1079.25 947.66 1294.11 1112.59 1133.12 Reported PAT 5995.05 29.89APATM(%) 989.75 816.80 1093.47 903.21 999.47 OPM(%)  1344.25 1192.13Adjusted Cash Margin (%)  990.96 818.80 1095.41 905.60 1002.48 GPM(%)  1327.66 1171.28ROCE (%) 22.70 20.40 19.36 16.49 19.73 NPM(%)  1257.47 1115.53Dividend payout Ratio 52.15 58.46 51.75 81.31 60.62 Latest Result (Half Yearly)Debt/Equity  0.07 0.08 0.11 0.11 0.13 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  1.19 1.19 0.86 0.76 0.79 Net Sales 306.84 186.98Current Ratio 3.09 3.22 3.03 2.75 2.66 Other Income 1454.98 (59.91)Quick Ratio  3.09 3.22 3.02 2.75 2.66 EBIDTA 1437.38 (59.80)Inventory Turnover Ratio  14.33 18.58 18.22 29.77 12.60 EBIT 1437.37 (58.81)Fin. Charges Cov.Ratio 22.36 11.01 8.67 6.76 9.25 EBT 1453.62 (55.55)Exports of Total Sales (%) 1.67 1.62 2.19 0.00 0.00 Adjusted PAT 1501.36 (53.01)Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 1501.16 (53.01) OPM(%)  468.45 3344.43 GPM(%)  468.44 3263.75 Rate of Growth NPM(%)  489.30 2988.16 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 2.94 40.90 17.01 (3.11) 10.46 Net Sales 123.07 (24.05)Other Income 17.95 0.63 34.73 (2.35) 9.32 Other Income 4731.87 314.50Total Operating Expenses 11.47 4.93 13.68 20.97 9.97 EBIDTA 4743.97 314.02EBIDTA 17.12 3.24 36.01 (4.92) 9.35 EBIT 4725.08 311.85EBIT 17.23 3.18 36.10 (4.87) 9.39 EBT 4618.59 265.61EBT 23.20 6.04 41.34 (9.12) 10.91 Adjusted PAT 4541.59 227.68Adjusted PAT 24.74 5.25 41.66 (12.44) 10.24 Reported PAT 4541.59 227.73Reported PAT 24.96 14.70 34.30 (13.03) 10.86 OPM(%)  3854.69 707.13 GPM(%)  3839.34 708.02 NPM(%)  3690.25 855.34 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 44.49 30.44Mr.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 Computers ‐ Software Group Not Applicable Infosys Technologies Ltd 24501 Face Value 5 Capital Employed RANK: 5 No. Of Equity Share 5741.52 Price 2877.55 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 165215.11 27577.00 27.95 150050.11 In US $ million 3371.74 562.80 27.95 3062.25 RANK in 50 Stocks 5 18 8 14 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 170115333 29.63Other Income 1108.00 871.00 874.00 678.00 333.00 FII 210487993 36.66EBIDTA 9523.00 8233.00 7782.00 5642.00 4559.00 Mutual Funds and UTI 29130058 5.07EBIT 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 54399696 9.47Adjusted 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 150050.11 154739.26 96139.95 79740.59 107168.26 Annual TTMCapital Employed 24501.00 22036.00 17809.00 13490.00 11162.00 P/E 25.64 24.13Gross Block 6934.00 6357.00 5986.00 4508.00 3889.00 P/B 6.74 NACapital Work‐in‐progress  499.00 409.00 615.00 1260.00 957.00 P/S 6.51 5.99Investment 1325.00 4636.00 1005.00 964.00 839.00 EV/EBITDA 15.76 NA Dividend Yield 2.09 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 EBIDTA 10269.00 3.20 EBIT 9504.00 3.30 Ratio Analysis EBT 9504.00 3.30EBIDTAM(%) 37.51 38.95 38.40 36.06 34.67 Adjusted PAT 6847.00 2.72EBITM(%) 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 37.51Adjusted Cash Margin (%)  28.14 30.81 33.98 32.02 31.99 GPM(%)  34.46 34.68ROCE (%) 26.30 26.33 32.67 33.14 33.89 NPM(%)  24.83 25.12Dividend payout Ratio 62.28 28.84 27.03 49.77 19.85 Latest Result (Half Yearly)Debt/Equity  0.00 0.00 0.00 0.00 0.00 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  3.67 3.33 3.39 3.47 3.38 Net Sales 14375.00 8.89Current Ratio 5.11 4.28 4.71 3.30 4.96 Other Income 798.00 20.54Quick Ratio  5.02 4.20 4.67 3.28 4.91 EBIDTA 5231.00 3.83Inventory Turnover Ratio  0.00 0.00 0.00 0.00 0.00 EBIT 4839.00 3.73Fin. Charges Cov.Ratio 9523.00 4116.50 3891.00 5642.00 4559.00 EBT 4839.00 3.73Exports of Total Sales (%) 94.38 99.69 97.88 92.59 92.44 Adjusted PAT 3476.00 3.11Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 3476.00 3.11 OPM(%)  36.39 38.16 GPM(%)  33.66 35.34 Rate of Growth NPM(%)  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 EBIDTA 2742.00 10.16EBIDTA 15.67 5.80 37.93 23.76 15.87 EBIT 2541.00 10.57EBIT 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 GPM(%)  34.02 33.28 NPM(%)  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: 11
  • 12. Industry Cigarettes Group MNC Associate ITC Ltd 15999.13 Face Value 1 Capital Employed RANK: 6 No. Of Equity Share 77381.44 Price 213.15 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 164938.54 23419.13 34.70 162858.43 In US $ million 3366.09 477.94 34.70 3323.64 RANK in 50 Stocks 6 21 5 12 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 24164731 0.31Other Income 647.91 496.27 422.80 479.82 300.14 FII 1185778979 15.26EBIDTA 7846.94 6628.59 5344.82 4910.05 4303.98 Mutual Funds and UTI 1128384319 14.52EBIT 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 2951524999 37.97Adjusted 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 162858.43 87759.21 79738.04 69636.69 65553.47 Annual TTMCapital Employed 15999.13 14117.70 13857.54 12215.98 10580.88 P/E 33.05 29.89Gross Block 12765.82 11967.86 10558.65 8959.70 7134.31 P/B 10.34 NACapital Work‐in‐progress  1333.40 1008.99 1214.06 1126.82 1130.20 P/S 7.81 7.04Investment 5554.66 5726.87 2837.75 2934.55 3067.77 EV/EBITDA 20.75 NA Dividend Yield 2.09 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 EBIDTA 8757.05 4.79 EBIT 8088.15 5.12 Ratio Analysis EBT 8020.55 5.05EBIDTAM(%) 37.15 35.70 35.67 34.99 34.95 Adjusted PAT 5517.59 5.10EBITM(%) 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 37.17Adjusted Cash Margin (%)  25.95 24.63 24.90 24.26 24.56 GPM(%)  34.54 34.22ROCE (%) 31.17 28.77 23.55 25.54 25.52 NPM(%)  23.56 23.35Dividend payout Ratio 80.24 109.63 50.06 49.45 50.53 Latest Result (Half Yearly)Debt/Equity  0.01 0.01 0.01 0.01 0.01 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  1.69 1.58 1.44 1.59 1.75 Net Sales 11928.10 3.96Current Ratio 1.08 0.92 1.42 1.36 1.33 Other Income 324.64 9.97Quick Ratio  0.50 0.39 0.60 0.56 0.58 EBIDTA 4519.72 6.66Inventory Turnover Ratio  6.05 6.04 5.26 5.51 6.05 EBIT 4183.14 7.12Fin. Charges Cov.Ratio 100.46 73.42 112.17 199.51 268.33 EBT 4152.51 7.35Exports of Total Sales (%) 13.32 12.68 14.85 15.45 18.54 Adjusted PAT 2847.03 6.61Import  of Raw Mat.(%) 13.34 12.03 12.98 12.78 16.92 Reported PAT 2847.03 6.61 OPM(%)  37.89 36.93 GPM(%)  35.07 34.03 Rate of Growth NPM(%)  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 EBIDTA 2399.79 13.20EBIDTA 18.38 24.02 8.85 14.08 12.76 EBIT 2229.66 14.14EBIT 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 GPM(%)  36.64 33.33 NPM(%)  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: 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 391.8 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 148787.23 38872.10 16.36 160556.33 In US $ million 3036.47 793.31 16.36 3276.66 RANK in 50 Stocks 7 10 24 13 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 17.14EBIDTA 13557.70 14066.60 13428.77 10926.24 7359.35 Mutual Funds and UTI 157538904 4.15EBIT 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 36735.05 27641.84 20239.36 11441.14 Valuation RatioEnterprise Value 160556.33 124414.52 122668.75 147841.05 164983.24 Annual TTMCapital Employed 56007.00 41773.97 35355.49 26809.70 16751.95 P/E 19.28 20.61Gross Block 61437.50 44212.53 37266.70 28115.65 26509.93 P/B 3.37 NACapital Work‐in‐progress  6497.60 1594.74 2566.67 2751.08 2375.82 P/S 3.91 3.83Investment 11813.00 15773.32 11777.76 10952.85 705.82 EV/EBITDA 11.84 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 June  11 Growth(%)Book Value (Rs.)  116.16 96.74 145.63 106.65 60.36 Net Sales 38872.10 2.25Sales Per Share (Rs.)  100.11 93.77 179.37 135.73 94.16 Other Income 81.90 (27.46)Free Reserves Per Share (Rs.) 103.84 84.64 121.78 83.18 49.88 EBIDTA 13141.50 (1.52) EBIT 8549.70 (3.47) Ratio Analysis EBT 8360.20 (4.19)EBIDTAM(%) 35.66 39.50 39.44 42.41 41.23 Adjusted PAT 7218.30 (6.46)EBITM(%) 23.53 27.99 29.50 29.09 27.27 Reported PAT 7218.30 (6.46)APATM(%) 20.10 23.89 27.28 25.11 22.52 OPM(%)  33.81 35.10Adjusted Cash Margin (%)  32.23 35.40 37.22 38.43 36.47 GPM(%)  21.99 23.30ROCE (%) 13.78 22.56 21.90 23.29 24.08 NPM(%)  18.57 20.30Dividend payout Ratio 5.70 4.71 5.73 0.00 0.00 Latest Result (Half Yearly)Debt/Equity  0.27 0.13 0.28 0.32 0.46 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  0.82 0.87 0.99 1.03 0.74 Net Sales 19392.20 4.13Current Ratio 0.70 0.70 0.69 0.56 0.47 Other Income 43.00 (38.48)Quick Ratio  0.77 0.67 0.64 0.55 0.47 EBIDTA 6609.40 (1.86)Inventory Turnover Ratio  1105.11 1307.05 547.83 453.06 373.35 EBIT 4254.50 (7.55)Fin. Charges Cov.Ratio 45.69 49.64 30.93 27.77 26.09 EBT 4122.30 (10.45)Exports of Total Sales (%) 4.77 5.03 5.31 6.00 8.82 Adjusted PAT 3685.70 (8.57)Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 3685.70 (8.57) OPM(%)  34.08 36.16 GPM(%)  21.94 24.71 Rate of Growth NPM(%)  19.01 21.65 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 6.76 4.59 32.17 44.31 16.32 Net Sales 10180.00 3.58Other Income 3.97 (36.87) (11.58) 162.45 8.78 Other Income 19.00 (32.38)Total Operating Expenses 13.47 4.01 38.10 42.55 18.36 EBIDTA 3213.80 (5.09)EBIDTA (3.62) 4.75 22.90 48.47 13.00 EBIT 2043.10 (5.38)EBIT (10.26) (0.75) 34.03 53.93 12.94 EBT 1839.80 (11.67)EBT (10.70) 0.79 35.34 54.82 13.53 Adjusted PAT 1432.30 (22.07)Adjusted PAT (10.18) (8.40) 43.60 60.91 13.71 Reported PAT 1432.30 (22.07)Reported PAT (18.13) 21.72 24.02 54.82 13.86 OPM(%)  31.57 34.45 GPM(%)  20.07 21.97 NPM(%)  14.07 18.70 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 23.4 16.01Mr.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 179.25 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 147799.94 60166.36 13.69 174802.92 In US $ million 3016.33 1227.88 13.69 3567.41 RANK in 50 Stocks 8 5 33 11 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 3.5EBIDTA 15122.55 15297.90 13850.10 14484.70 12920.50 Mutual Funds and UTI 108997512 1.32EBIT 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 174802.92 194101.06 186173.85 178815.77 182466.38 Annual TTMCapital Employed 111572.36 101521.10 93562.70 81458.00 73737.90 P/E 16.24 15.78Gross Block 72583.94 66663.80 62353.00 53368.00 50604.20 P/B 2.16 NACapital Work‐in‐progress  38441.84 32290.60 26404.90 22478.30 16962.30 P/S 2.69 2.46Investment 12344.84 14807.10 13983.50 15267.20 16094.30 EV/EBITDA 11.56 NA Dividend Yield 2.12 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 EBIDTA 17098.10 0.72 EBIT 14212.61 9.50 Ratio Analysis EBT 12483.96 13.58EBIDTAM(%) 27.53 32.99 33.00 39.05 39.59 Adjusted PAT 9363.83 20.29EBITM(%) 22.99 27.26 27.35 33.28 33.20 Reported PAT 9363.83 20.29APATM(%) 14.52 17.46 17.13 19.86 20.27 OPM(%)  28.42 28.49Adjusted Cash Margin (%)  19.05 23.19 22.77 25.64 26.66 GPM(%)  23.62 21.78ROCE (%) 8.16 8.60 8.77 9.10 9.31 NPM(%)  15.56 13.07Dividend payout Ratio 40.07 41.94 42.31 45.53 44.11 Latest Result (Half Yearly)Debt/Equity  0.63 0.59 0.58 0.50 0.51 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  0.76 0.69 0.67 0.69 0.64 Net Sales 30223.39 0.94Current Ratio 2.59 2.81 2.89 2.36 2.42 Other Income 1331.37 226.60Quick Ratio  2.32 2.50 2.59 2.16 2.18 EBIDTA 8110.88 (12.57)Inventory Turnover Ratio  29.18 27.54 28.21 33.59 30.50 EBIT 6811.45 (11.43)Fin. Charges Cov.Ratio 7.46 8.22 7.97 7.31 6.29 EBT 6105.93 (8.42)Exports of Total Sales (%) 0.00 0.00 0.00 0.00 0.00 Adjusted PAT 4499.90 (12.68)Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 4499.90 (12.68) OPM(%)  26.84 30.98 GPM(%)  22.54 25.68 Rate of Growth NPM(%)  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 EBIDTA 4248.24 9.98EBIDTA (1.15) 10.45 (4.38) 12.11 3.20 EBIT 3589.95 11.44EBIT (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 GPM(%)  22.87 22.18 NPM(%)  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 203.15 160.1 17.89 14.1Mr.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 1906.3 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 121050.05 87139.68 10.67 1156926.06 In US $ million 2470.41 1778.36 10.67 23610.74 RANK in 50 Stocks 9 3 36 1 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 395295888 62.25Other 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 26864813 4.23Adjusted 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 64986.04 65949.20 57947.70 49032.66 31298.56 Valuation RatioEnterprise Value 1156926.06 1061999.92 909819.72 716516.50 570670.38 Annual TTMCapital Employed 1223736.20 1053413.73 964432.08 721526.31 566565.25 P/E 14.65 17.46Cash & Balances with RBI  94395.50 61290.87 55546.17 51534.62 29076.43 P/B 1.86 NAAdvances   756719.45 631914.15 542503.20 416768.20 337336.49 P/S 1.27 1.39Investment 295600.57 285790.07 275953.96 189501.27 149148.88 EV/EBITDA 71.34 NA Dividend Yield 1.57 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 June  11 Growth(%)Book Value (Rs.)  1023.40 1038.57 912.56 772.17 492.89 Net Sales 87139.68 7.06Sales Per Share (Rs.)  1504.34 1352.90 1179.22 894.83 690.72 Other Income 15668.87 (0.98)Free Reserves Per Share (Rs.) 1013.40 1028.57 902.56 762.22 484.60 Personnel Expenses  15123.62 4.44 EBIDTA 26443.64 4.37 Ratio Analysis EBT 13456.78 (10.01)Capital Adequacy Ratio  11.98 13.39 14.25 13.47 12.34 Adjusted PAT 6933.86 (16.10)EBIDTAM(%) 18.09 18.19 20.70 20.88 20.02 Reported PAT 6933.86 (16.10)APATM(%) 8.67 10.68 12.18 11.82 10.33 OPM(%)  30.35 31.13Fund based income(%) 87.79 88.43 89.76 89.57 89.45 NPM(%)  7.96 10.15Fee based income(%) 12.20 11.56 10.23 10.42 10.54 Capital Adequacy Ratio  11.31 11.72Yield 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 March  11 Growth(%)Cost of Funds Ratio  4.63 5.21 5.39 5.41 4.93 Net Sales 43134.14 12.74Borrowings within India(%) 41.26 37.51 6.84 24.75 14.65 Other Income 8129.43 5.64Borrowings from outside(%) 58.73 62.48 93.15 75.24 85.34 Personnel Expenses  7730.48 14.53Deposits within India(%) 94.99 95.10 95.68 95.77 96.42 EBIDTA 12844.19 2.82Deposits Outside India(%) 5.00 4.89 4.31 4.22 3.57 EBT 6635.70 (20.23)Net Profit Per Branch  0.60 0.73 0.79 0.65 0.47 Adjusted PAT 2848.94 (47.39)Deposits Per Branch  68.18 63.63 64.30 52.33 45.37 Reported PAT 2848.94 (47.39) OPM(%)  29.78 32.65 NPM(%)  6.60 14.15 Rate of Growth Capital Adequacy Ratio  12.05 12.05 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 11.19 14.73 31.78 29.55 16.84 Net Sales 24197.44 11.40Other Income 1.33 17.54 (0.78) (10.61) 1.10 Other Income 3534.23 (26.61)Total Operating Expenses 11.18 18.34 31.44 27.08 17.06 Personnel Expenses  3717.37 (11.89)Personnel Expenses  13.53 30.85 25.19 (1.85) 12.79 EBIDTA 7242.44 19.12EBIDTA 10.57 0.84 30.64 35.09 14.50 EBT 3085.54 60.48EBT (8.80) 0.68 43.13 39.86 12.95 Adjusted PAT 1583.55 7484.05Adjusted PAT (9.74) 0.57 35.82 48.33 12.83 Reported PAT 1583.55 7484.05Reported PAT (9.84) 0.49 35.55 48.18 12.72 OPM(%)  29.93 27.99 NPM(%)  6.54 0.10 Capital Adequacy Ratio  10.56 10.69 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 1708.55 27.11 15.65Mr.G D Nadaf Director 2010 3515 1863 27.01 14.31Dr.Ashok Jhunjhunwala 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 490 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 113981.35 23394.18 17.68 336285.85 In US $ million 2326.15 477.43 17.68 6862.98 RANK in 50 Stocks 10 22 22 4 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 948873075 40.58Other 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 231661524 9.91Adjusted 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 25379.27 21522.49 15052.73 11497.23 6433.15 Valuation RatioEnterprise Value 336285.85 636515.25 430435.41 339607.57 291330.62 Annual TTMCapital Employed 277352.60 222458.56 183270.77 133176.60 91235.61 P/E 29.03 25.40Cash & Balances with RBI  25100.82 15483.28 13527.21 12553.18 5182.48 P/B 4.49 NAAdvances   159982.67 125830.59 98883.05 63426.90 46944.78 P/S 4.67 4.87Investment 70929.37 58607.62 58817.55 49393.54 30564.80 EV/EBITDA 45.08 NA Dividend Yield 0.67 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) 0.00 (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 2582.5 435.5 133.89 22.58Mr.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 ‐ Banks ‐ Private Sector Group ICICI Group ICICI Bank Ltd 406233.67 Face Value 10 Capital Employed RANK: 11 No. Of Equity Share 11518.20 Price 931.15 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 107251.72 27780.03 9.91 424304.38 In US $ million 2188.81 566.94 9.91 8659.27 RANK in 50 Stocks 11 17 38 2 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 302492918 26.25Other 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 56732682 4.92Adjusted 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 55090.93 51618.37 49533.02 46470.21 24313.26 Valuation RatioEnterprise Value 424304.38 387183.89 368277.75 412134.67 379064.70 Annual TTMCapital Employed 406233.67 363399.72 379300.96 399795.07 344658.12 P/E 20.82 19.65Cash & Balances with RBI  20906.97 27514.29 17536.33 29377.53 18706.88 P/B 1.95 NAAdvances   205082.96 170423.30 208090.41 215060.94 188614.01 P/S 3.31 3.86Investment 134685.96 120892.80 103058.31 111454.34 91257.84 EV/EBITDA 57.49 NA Dividend Yield 1.50 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 June  11 Growth(%)Book Value (Rs.)  478.29 448.15 430.04 403.45 211.09 Net Sales 27780.03 6.95Sales Per Share (Rs.)  281.03 284.31 332.09 342.66 247.06 Other Income 6610.28 (0.57)Free Reserves Per Share (Rs.) 468.29 438.47 420.38 393.79 203.28 Personnel Expenses  2974.20 5.58 EBIDTA 9093.51 0.51 Ratio Analysis EBT 7150.63 5.77Capital Adequacy Ratio  19.54 19.41 15.53 13.97 11.69 Adjusted PAT 5457.60 5.94EBIDTAM(%) 22.82 17.89 15.00 14.63 14.42 Reported PAT 5457.60 5.94APATM(%) 15.79 11.88 9.78 10.37 10.52 OPM(%)  32.73 34.83Fund based income(%) 82.82 84.64 85.52 85.78 85.00 NPM(%)  19.65 19.83Fee based income(%) 17.17 15.35 14.47 14.21 14.99 Capital Adequacy Ratio  19.83 19.99Yield 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 March  11 Growth(%)Cost of Funds Ratio  5.05 5.93 7.95 7.57 5.80 Net Sales 13852.41 14.28Borrowings within India(%) 37.43 40.71 15.13 16.73 26.17 Other Income 3389.46 4.02Borrowings from outside(%) 62.56 59.28 84.86 83.26 73.82 Personnel Expenses  1617.09 34.77Deposits within India(%) 94.93 95.12 95.18 97.05 96.17 EBIDTA 4647.54 5.63Deposits Outside India(%) 5.06 4.87 4.81 2.94 3.82 EBT 3799.66 28.32Net Profit Per Branch  2.02 1.95 2.64 3.24 3.97 Adjusted PAT 2889.13 27.71Deposits Per Branch  89.21 101.01 153.87 193.69 305.31 Reported PAT 2889.13 27.71 OPM(%)  33.55 36.30 NPM(%)  20.86 18.66 Rate of Growth Capital Adequacy Ratio  20.23 20.23 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales (1.15) (14.39) (3.08) 38.69 2.61 Net Sales 7618.52 6.46Other Income (97.62) (7.65) 404.18 (78.79) (52.78) Other Income 1642.89 0.14Total Operating Expenses (8.11) (17.20) (2.72) 36.89 0.26 Personnel Expenses  732.85 (14.45)Personnel Expenses  46.27 (2.33) (5.16) 28.59 11.74 EBIDTA 2234.03 (3.08)EBIDTA 26.13 2.08 (0.59) 40.70 12.48 EBT 1780.17 (7.35)EBT 22.37 (1.43) (2.33) 43.34 11.05 Adjusted PAT 1332.20 (8.26)Adjusted PAT 31.35 4.01 (8.59) 36.63 11.28 Reported PAT 1332.20 (8.26)Reported PAT 27.99 7.10 (9.61) 33.68 10.62 OPM(%)  29.32 32.21 NPM(%)  17.49 20.29 Capital Adequacy Ratio  19.57 19.54 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 762.05 24.44 16.08Mr.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: 17
  • 18. Industry Finance ‐ Housing Group HDFC Group HDFC Ltd 132726.99 Face Value 2 Capital Employed RANK: 12 No. Of Equity Share 14668.87 Price 688.85 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 101046.51 15071.16 22.22 210059.70 In US $ million 2062.17 307.57 22.22 4286.93 RANK in 50 Stocks 12 28 16 10 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 73.18EBIDTA 12469.33 11005.15 10692.75 7907.19 5660.49 Mutual Funds and UTI 39243619 2.67EBIT 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 15197.66 13137.39 11947.34 5551.39 Valuation RatioEnterprise Value 210059.70 144957.75 138924.69 131699.75 113911.35 Annual TTMCapital Employed 132726.99 111762.97 96993.47 81098.56 62744.42 P/E 28.58 26.26Gross Block 547.55 524.46 493.85 488.57 493.10 P/B 5.84 NACapital Work‐in‐progress  4.57 0.00 0.00 40.40 16.02 P/S 7.86 6.70Investment 11832.39 10727.45 10468.75 6915.01 3666.23 EV/EBITDA 16.85 NA Dividend Yield 1.31 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 EBIDTA 14628.37 8.75 EBIT 14608.30 8.76 Ratio Analysis EBT 5280.06 4.02EBIDTAM(%) 97.02 97.06 97.25 96.71 96.34 Adjusted PAT 3848.06 4.43EBITM(%) 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 96.96Adjusted Cash Margin (%)  27.97 25.16 18.97 21.83 27.05 GPM(%)  96.93 96.82ROCE (%) 2.66 2.53 2.35 3.00 2.50 NPM(%)  25.53 26.56Dividend payout Ratio 43.43 42.64 43.55 34.10 41.46 Latest Result (Half Yearly)Debt/Equity  6.66 6.35 6.38 5.79 10.30 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  23.71 21.79 22.36 16.83 11.98 Net Sales 7980.86 12.56Current Ratio 10.78 7.09 7.56 14.12 10.37 Other Income 9.88 (36.67)Quick Ratio  18.61 21.61 19.25 22.84 21.36 EBIDTA 7727.96 11.99Inventory Turnover Ratio  0.00 0.00 0.00 0.00 0.00 EBIT 7718.67 12.03Fin. Charges Cov.Ratio 1.65 1.56 1.39 1.53 1.54 EBT 2513.23 (9.17)Exports of Total Sales (%) 0.09 0.20 0.16 0.21 0.49 Adjusted PAT 1815.23 (10.70)Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 1815.23 (10.70) OPM(%)  96.83 97.32 GPM(%)  96.71 97.17 Rate of Growth NPM(%)  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 EBIDTA 4033.04 9.15EBIDTA 13.30 2.92 35.23 39.69 17.11 EBIT 4028.21 9.15EBIT 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 GPM(%)  96.74 96.69 NPM(%)  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: 18
  • 19. Industry Computers ‐ Software Group Wipro Group Wipro Ltd 26065 Face Value 2 Capital Employed RANK: 13 No. Of Equity Share 24544.09 Price 366.6 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 89978.63 28917.90 22.66 89519.43 In US $ million 1836.30 590.16 22.66 1826.93 RANK in 50 Stocks 13 16 14 16 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 1987430063 80.87Other Income 662.30 434.20 468.20 326.90 288.70 FII 124831467 5.08EBIDTA 6423.20 5935.70 5226.90 4042.50 3543.20 Mutual Funds and UTI 31838144 1.3EBIT 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 107138072 4.36Adjusted 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 89519.43 79211.69 66089.35 52675.07 79728.05 Annual TTMCapital Employed 26065.00 23222.40 17528.90 15433.10 9558.40 P/E 20.68 18.62Gross Block 7779.30 6761.30 5743.30 2282.20 1645.90 P/B 4.22 NACapital Work‐in‐progress  603.10 991.10 1311.80 1335.00 989.50 P/S 3.42 3.11Investment 10813.40 8966.50 6895.30 4500.10 4348.70 EV/EBITDA 13.94 NA Dividend Yield 1.09 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 EBIDTA 6894.00 3.32 EBIT 6204.10 2.81 Ratio Analysis EBT 5833.30 (1.05)EBIDTAM(%) 24.42 25.90 24.30 23.11 25.89 Adjusted PAT 4831.20 (2.45)EBITM(%) 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 24.11Adjusted Cash Margin (%)  20.92 22.01 20.72 20.12 23.40 GPM(%)  21.45 21.81ROCE (%) 18.58 21.09 16.97 19.85 29.73 NPM(%)  16.71 17.90Dividend payout Ratio 27.61 20.60 23.05 33.47 35.20 Latest Result (Half Yearly)Debt/Equity  0.22 0.31 0.40 0.33 0.02 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  3.45 3.47 3.85 7.81 8.31 Net Sales 15116.10 9.52Current Ratio 1.45 1.33 1.10 2.54 1.68 Other Income 417.10 11.26Quick Ratio  2.20 2.26 1.76 2.44 1.61 EBIDTA 3471.90 1.46Inventory Turnover Ratio  43.12 45.40 56.15 39.41 57.23 EBIT 3106.70 0.30Fin. Charges Cov.Ratio 109.61 59.48 26.56 34.61 492.11 EBT 2798.00 (7.82)Exports of Total Sales (%) 69.87 73.26 77.28 73.66 80.05 Adjusted PAT 2269.90 (11.38)Import  of Raw Mat.(%) 35.34 36.83 45.00 0.00 0.00 Reported PAT 2269.90 (11.38) OPM(%)  22.97 24.79 GPM(%)  20.55 22.44 Rate of Growth NPM(%)  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 EBIDTA 1721.10 (1.70)EBIDTA 8.21 13.56 29.30 14.09 12.63 EBIT 1529.90 (2.97)EBIT 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 GPM(%)  19.60 21.57 NPM(%)  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: 19
  • 20. Industry Diversified Group L & T Group Larsen & Toubro Ltd 28985.24 Face Value 2 Capital Employed RANK: 14 No. Of Equity Share 6088.52 Price 1413.15 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 86039.92 47525.14 17.45 91470.68 In US $ million 1755.92 969.90 17.45 1866.75 RANK in 50 Stocks 14 7 23 15 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 25921934 4.24Other Income 1199.05 974.59 748.80 477.10 458.56 FII 97404070 15.94EBIDTA 7077.62 6058.17 4890.82 3716.33 2491.69 Mutual Funds and UTI 71794079 11.75EBIT 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 123125664 20.15Adjusted 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 91470.68 113252.19 74804.07 76724.42 86600.56 Annual TTMCapital Employed 28985.24 25089.18 18991.13 13113.17 7818.25 P/E 21.74 21.13Gross Block 8897.02 7235.78 5575.00 4188.91 2876.30 P/B 3.94 NACapital Work‐in‐progress  785.00 857.66 1040.99 699.00 471.22 P/S 1.97 1.81Investment 14684.82 13705.35 8263.72 6922.26 3104.44 EV/EBITDA 12.92 NA Dividend Yield 1.03 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 EBIDTA 7155.62 2.13 EBIT 6453.01 1.57 Ratio Analysis EBT 5782.86 1.68EBIDTAM(%) 16.21 16.43 14.45 14.90 14.12 Adjusted PAT 3809.21 2.81EBITM(%) 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 15.36Adjusted Cash Margin (%)  9.21 9.45 8.70 8.95 8.83 GPM(%)  13.58 13.93ROCE (%) 13.65 17.44 18.33 16.57 17.95 NPM(%)  8.02 8.12Dividend payout Ratio 25.15 19.72 20.58 26.29 30.04 Latest Result (Half Yearly)Debt/Equity  0.33 0.37 0.52 0.37 0.36 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  5.03 5.20 6.23 6.09 6.21 Net Sales 20727.85 (22.65)Current Ratio 1.20 1.19 1.22 1.09 1.16 Other Income 659.34 6.86Quick Ratio  1.18 1.15 0.96 0.86 0.93 EBIDTA 2955.91 (29.57)Inventory Turnover Ratio  29.73 28.73 6.01 6.00 6.11 EBIT 2617.15 (31.72)Fin. Charges Cov.Ratio 5.90 6.09 6.35 7.41 7.52 EBT 2262.85 (35.73)Exports of Total Sales (%) 14.58 18.62 21.70 22.67 21.36 Adjusted PAT 1544.54 (31.83)Import  of Raw Mat.(%) 36.78 54.43 44.34 39.78 49.28 Reported PAT 1544.54 (38.87) OPM(%)  14.26 15.66 GPM(%)  12.63 14.30 Rate of Growth NPM(%)  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 EBIDTA 1537.22 8.05EBIDTA 16.83 23.87 31.60 49.15 23.22 EBIT 1366.32 8.89EBIT 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 GPM(%)  12.15 13.23 NPM(%)  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 1268.4 29.88 18.97Mr.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: 20
  • 21. Industry Personal Care Group MNC Associate Hindustan Unilever Ltd 2633.25 Face Value 1 Capital Employed RANK: 15 No. Of Equity Share 21594.72 Price 375.8 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 81152.96 20439.35 81.79 79512.95 In US $ million 1656.18 417.13 81.79 1622.71 RANK in 50 Stocks 15 24 1 18 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 17.68EBIDTA 2919.30 2942.06 3139.89 2256.84 1972.21 Mutual Funds and UTI 66988000 3.1EBIT 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 2060.84 1438.57 2722.82 Valuation RatioEnterprise Value 79512.95 56882.44 54961.70 47465.24 43393.96 Annual TTMCapital Employed 2633.25 2582.85 2482.79 1527.10 2795.42 P/E 35.19 33.81Gross Block 3759.62 3581.96 2881.73 2669.08 2462.69 P/B 30.80 NACapital Work‐in‐progress  299.08 273.96 472.07 185.64 110.26 P/S 4.12 3.97Investment 1260.68 1264.08 332.62 1440.81 2522.22 EV/EBITDA 27.24 NA Dividend Yield 1.73 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 June  11 Growth(%)Book Value (Rs.)  12.20 11.84 9.46 6.61 12.34 Net Sales 20439.35 3.57Sales Per Share (Rs.)  91.18 81.45 94.06 63.75 55.48 Other Income 260.42 3.36Free Reserves Per Share (Rs.) 11.04 10.70 8.30 5.45 11.20 EBIDTA 3034.06 2.81 EBIT 2810.53 2.93 Ratio Analysis EBT 2810.36 2.94EBIDTAM(%) 14.83 16.56 15.31 16.26 16.11 Adjusted PAT 2153.86 2.61EBITM(%) 13.70 15.52 14.36 15.26 15.04 Reported PAT 2399.94 4.07APATM(%) 10.79 11.83 11.44 12.07 12.33 OPM(%)  14.84 14.95Adjusted Cash Margin (%)  11.91 12.87 12.40 13.07 13.39 GPM(%)  13.75 13.84ROCE (%) 87.57 85.26 100.72 115.84 66.37 NPM(%)  10.54 10.64Dividend payout Ratio 71.20 75.20 76.47 131.80 81.45 Latest Result (Half Yearly)Debt/Equity  0.00 0.00 0.20 0.06 0.02 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  5.63 5.35 7.81 5.64 5.35 Net Sales 10094.32 4.70Current Ratio 0.85 0.83 0.92 0.67 0.72 Other Income 132.99 11.80Quick Ratio  0.43 0.45 0.51 0.24 0.33 EBIDTA 1504.47 3.99Inventory Turnover Ratio  7.91 8.99 9.26 8.20 9.27 EBIT 1392.51 4.08Fin. Charges Cov.Ratio 12163.75 421.50 123.99 88.52 183.74 EBT 1392.42 4.09Exports of Total Sales (%) 7.25 7.31 9.47 10.68 11.72 Adjusted PAT 1058.75 1.76Import  of Raw Mat.(%) 19.20 18.61 21.65 16.67 16.89 Reported PAT 1206.64 9.76 OPM(%)  14.90 15.01 GPM(%)  13.79 13.88 Rate of Growth NPM(%)  10.49 10.79 Latest Result (Quarterly) March  11 March  10 March  09 December  07 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 10.81 (13.34) 47.72 13.37 9.97 Net Sales 5580.36 12.36Other Income 76.51 (17.48) (3.04) 8.34 8.88 Other Income 50.60 (9.61)Total Operating Expenses 13.72 (14.64) 48.59 13.08 10.28 EBIDTA 805.87 14.72EBIDTA (0.77) (6.30) 39.13 14.43 8.16 EBIT 749.67 15.90EBIT (2.16) (6.34) 39.00 15.01 7.94 EBT 749.65 15.90EBT (1.92) (5.76) 39.48 14.29 8.06 Adjusted PAT 569.41 17.27Adjusted PAT 1.03 (10.38) 40.01 11.02 7.07 Reported PAT 627.16 10.19Reported PAT 4.72 (11.94) 41.36 (4.65) 4.44 OPM(%)  14.44 14.14 GPM(%)  13.43 13.02 NPM(%)  10.20 9.78 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 354 264.5 31.85 23.8Mr.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: 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 298.3 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 56734.18 4.29 (0.44) 58031.90 In US $ million 1157.84 0.09 (0.44) 1184.32 RANK in 50 Stocks 16 50 49 22 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 6.63EBIDTA (26.45) (18.45) 11.22 (49.51) (29.05) Mutual Funds and UTI 40652135 2.14EBIT (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 31814.56 31936.74 31990.80 29373.48 29272.38 Valuation RatioEnterprise Value 58031.90 59771.37 42094.89 38292.60 26781.06 Annual TTMCapital Employed 33164.56 33281.74 31990.80 29373.48 29292.85 P/E NA NAGross Block 2.59 0.11 0.06 0.00 0.00 P/B 1.78 NACapital Work‐in‐progress  21.88 24.21 54.03 0.00 0.00 P/S 29830.00 13224.75Investment 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 EBIDTA (5.58) (36.66) EBIT (5.62) (36.43) Ratio Analysis EBT (133.68) (28.18)EBIDTAM(%) (1106.69) (576.56) 300.80 (3898.43) NA Adjusted PAT (138.49) (25.63)EBITM(%) (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)Adjusted Cash Margin (%)  (8917.99) (2785.31) (1258.98) (6423.62) NA GPM(%)  (131.00) (496.63)ROCE (%) (0.64) (0.21) 0.17 (0.27) (0.10) NPM(%)  (3228.21) (10461.24)Dividend payout Ratio 0.00 0.00 0.00 0.00 0.00 Latest Result (Half Yearly)Debt/Equity  0.04 0.04 0.00 0.00 0.00 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  0.96 1001.25 0.00 0.00 0.00 Net Sales 3.76 609.43Current Ratio 4.38 1.85 20.48 0.15 1.77 Other Income 51.01 (0.51)Quick Ratio  4.37 1.84 20.48 0.15 1.78 EBIDTA 17.91 (176.18)Inventory Turnover Ratio  0.83 3.26 0.00 0.00 0.00 EBIT 17.89 (176.06)Fin. Charges Cov.Ratio (0.14) (0.27) 32.55 (2371.18) (169.46) EBT (39.81) (57.59)Exports of Total Sales (%) 100.00 100.02 100.66 99.99 0.00 Adjusted PAT (44.61) (52.48)Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT (44.61) (52.48) OPM(%)  476.33 (4435.85) GPM(%)  475.80 (4437.74) Rate of Growth NPM(%)  (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 0.00 0.00 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 EBIDTA 5.43 (56.53)EBIDTA (43.36) (264.44) 122.66 (70.43) (1.86) EBIT 5.42 (56.57)EBIT (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 GPM(%)  168.85 2269.09 NPM(%)  (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 Oil Drilling And Exploration Group Public Sector GAIL (India) Ltd 21563.34 Face Value 10 Capital Employed RANK: 17 No. Of Equity Share 12684.77 Price 422.9 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 53643.89 35907.95 19.89 53822.54 In US $ million 1094.77 732.82 19.89 1098.42 RANK in 50 Stocks 17 12 18 26 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 737947009 58.18Other Income 504.01 541.10 796.26 555.25 544.98 FII 170327651 13.43EBIDTA 6032.81 5232.67 4918.79 4510.34 3533.99 Mutual Funds and UTI 46268148 3.65EBIT 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 108013736 8.52Adjusted 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 53822.54 54577.44 36930.41 27236.35 32668.44 Annual TTMCapital Employed 21563.34 18279.38 15969.76 14270.75 12730.76 P/E 15.07 14.01Gross Block 22144.38 21037.67 17603.98 16957.86 14932.56 P/B 2.79 NACapital Work‐in‐progress  5879.17 2640.51 2426.33 816.66 1936.94 P/S 1.65 1.49Investment 2035.74 1763.01 1737.27 1490.88 1463.84 EV/EBITDA 8.92 NA Dividend Yield 1.77 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 EBIDTA 6297.31 3.02 EBIT 5590.64 2.69 Ratio Analysis EBT 5496.65 2.53EBIDTAM(%) 18.59 20.94 20.68 25.04 22.04 Adjusted PAT 3829.78 4.67EBITM(%) 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 17.82Adjusted Cash Margin (%)  12.98 14.84 14.37 17.56 16.30 GPM(%)  15.57 15.87ROCE (%) 16.51 17.18 17.56 18.23 18.75 NPM(%)  10.67 10.66Dividend payout Ratio 31.07 35.36 37.05 38.03 40.61 Latest Result (Half Yearly)Debt/Equity  0.11 0.08 0.08 0.09 0.11 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  1.48 1.20 1.36 1.07 1.08 Net Sales 18615.40 7.65Current Ratio 1.12 1.16 1.29 1.40 1.32 Other Income 180.65 (25.68)Quick Ratio  1.04 1.09 1.21 1.31 1.21 EBIDTA 3433.41 19.89Inventory Turnover Ratio  75.77 97.51 101.36 79.18 80.80 EBIT 3054.48 20.44Fin. Charges Cov.Ratio 43.12 61.43 48.66 47.85 33.00 EBT 3011.07 21.14Exports of Total Sales (%) 0.01 0.02 0.02 0.03 0.17 Adjusted PAT 2079.08 18.76Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 2079.08 18.76 OPM(%)  18.44 16.56 GPM(%)  16.41 14.67 Rate of Growth NPM(%)  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 EBIDTA 1791.54 9.12EBIDTA 15.29 6.38 9.06 27.63 11.29 EBIT 1590.78 8.68EBIT 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 GPM(%)  16.36 16.47 NPM(%)  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 535.85 401 17.75 13.28Mr.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: 23
  • 24. Industry Steel ‐ Sponge Iron Group Jindal O P Group Jindal Steel & Power Ltd 20804.01 Face Value 1 Capital Employed RANK: 18 No. Of Equity Share 9342.69 Price 562.55 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 52557.30 11012.76 24.90 64620.41 In US $ million 1072.60 224.75 24.90 1318.78 RANK in 50 Stocks 18 33 11 21 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 21.88EBIDTA 3948.40 2760.85 2837.32 2353.22 1445.89 Mutual Funds and UTI 28003586 3EBIT 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 64620.41 70154.77 36883.38 136440.92 32078.22 Annual TTMCapital Employed 20804.01 15129.26 10377.97 7619.73 6004.45 P/E 25.47 26.07Gross Block 12787.35 8814.21 7362.90 5918.94 4929.03 P/B 6.05 NACapital Work‐in‐progress  7077.87 7225.21 2318.01 660.48 937.84 P/S 5.51 4.77Investment 1210.01 1067.11 1233.40 1036.19 709.82 EV/EBITDA 16.37 NA Dividend Yield 0.27 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 EBIDTA 4211.12 5.84 EBIT 3414.06 5.64 Ratio Analysis EBT 2932.92 4.06EBIDTAM(%) 41.37 37.58 36.95 43.84 41.04 Adjusted PAT 2163.96 3.11EBITM(%) 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 39.87Adjusted Cash Margin (%)  29.09 27.24 27.40 34.36 29.26 GPM(%)  31.00 32.39ROCE (%) 9.92 9.78 14.81 16.23 11.71 NPM(%)  19.65 21.03Dividend payout Ratio 6.97 8.16 5.55 5.86 9.14 Latest Result (Half Yearly)Debt/Equity  1.39 1.24 0.91 1.03 1.40 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  0.74 0.83 1.04 0.90 0.71 Net Sales 5860.34 13.74Current Ratio 0.78 0.64 1.04 1.25 0.67 Other Income 24.37 (81.47)Quick Ratio  1.04 0.74 0.94 1.10 0.72 EBIDTA 2074.50 (2.91)Inventory Turnover Ratio  5.81 8.05 9.08 7.01 6.99 EBIT 1653.99 (6.03)Fin. Charges Cov.Ratio 8.17 8.32 10.59 9.68 8.35 EBT 1375.65 (11.66)Exports of Total Sales (%) 11.24 5.58 13.30 12.16 16.82 Adjusted PAT 1013.70 (11.87)Import  of Raw Mat.(%) 40.09 46.23 31.97 46.77 0.00 Reported PAT 865.95 (24.72) OPM(%)  35.40 41.47 GPM(%)  28.22 34.16 Rate of Growth NPM(%)  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 EBIDTA 1094.43 11.67EBIDTA 43.01 (2.70) 20.57 62.75 22.25 EBIT 880.51 13.84EBIT 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 GPM(%)  26.41 30.61 NPM(%)  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 20.46Mrs.Savitri Jindal 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: 24
  • 25. Industry Pharmaceuticals Group Not ApplicableSun Pharmaceuticals Industries Ltd 6731.06 Face Value 1 Capital Employed RANK: 19 No. Of Equity Share 10355.82 Price 504.45 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 52239.93 3243.89 22.22 52268.31 In US $ million 1066.12 66.20 22.22 1066.70 RANK in 50 Stocks 19 46 16 28 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 18.94EBIDTA 1478.41 1049.87 1330.67 1099.84 638.61 Mutual Funds and UTI 24890367 2.4EBIT 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 2448.12 Valuation RatioEnterprise Value 52268.31 28861.32 25208.20 24366.39 20665.86 Annual TTMCapital Employed 6731.06 5747.47 5175.02 4310.14 3517.64 P/E 37.76 35.20Gross Block 1268.76 1159.76 1061.90 935.03 838.70 P/B 7.82 NACapital Work‐in‐progress  228.06 92.15 75.95 33.43 31.91 P/S 27.02 16.10Investment 3601.42 3951.69 2694.59 1843.57 1057.49 EV/EBITDA 35.35 NA Dividend Yield 0.69 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 June  11 Growth(%)Book Value (Rs.)  64.51 276.07 248.72 203.15 126.65 Net Sales 3243.89 3.32Sales Per Share (Rs.)  18.67 89.08 133.97 114.36 85.96 Other Income 76.54 7.67Free Reserves Per Share (Rs.) 63.11 269.08 241.72 196.16 119.51 EBIDTA 1474.35 5.89 EBIT 1410.35 6.19 Ratio Analysis EBT 1560.75 7.35EBIDTAM(%) 76.47 56.90 47.96 46.44 38.41 Adjusted PAT 1484.29 7.27EBITM(%) 73.15 53.14 45.84 44.07 35.63 Reported PAT 1484.29 7.27APATM(%) 69.48 50.37 44.65 42.24 34.40 OPM(%)  45.45 44.35Adjusted Cash Margin (%)  72.80 54.14 46.77 44.61 37.18 GPM(%)  43.48 42.30ROCE (%) 20.56 15.64 24.45 23.53 17.88 NPM(%)  45.76 44.07Dividend payout Ratio 30.44 36.95 26.33 25.11 23.57 Latest Result (Half Yearly)Debt/Equity  0.01 0.01 0.00 0.02 0.43 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  1.58 1.65 2.73 2.66 2.09 Net Sales 1572.88 0.39Current Ratio 3.04 2.14 2.53 2.52 5.57 Other Income 26.77 (39.60)Quick Ratio  2.68 1.52 2.17 2.27 5.25 EBIDTA 699.85 1.06Inventory Turnover Ratio  3.62 3.65 6.47 6.79 5.62 EBIT 665.82 0.53Fin. Charges Cov.Ratio 2505.78 2386.07 480.39 217.36 72.57 EBT 743.22 4.57Exports of Total Sales (%) 46.57 46.11 29.84 37.79 28.98 Adjusted PAT 715.37 7.04Import  of Raw Mat.(%) 41.44 44.38 41.63 40.06 39.26 Reported PAT 715.37 7.04 OPM(%)  44.49 44.20 GPM(%)  42.33 42.27 Rate of Growth NPM(%)  45.48 42.66 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 4.79 (33.50) 17.15 42.46 3.06 Net Sales 862.96 6.24Other Income 66.03 (36.12) 38.67 30.01 13.84 Other Income 38.47 136.59Total Operating Expenses 11.73 (40.84) 24.14 26.37 0.73 EBIDTA 425.87 16.42EBIDTA 40.82 (21.10) 20.99 72.22 18.28 EBIT 408.28 16.65EBIT 44.25 (22.91) 21.85 76.20 19.01 EBT 449.47 15.60EBT 44.25 (22.78) 22.18 77.99 19.36 Adjusted PAT 423.20 13.55Adjusted PAT 44.53 (24.98) 23.83 74.94 18.62 Reported PAT 423.20 13.55Reported PAT 53.99 (28.98) 24.78 61.23 17.08 OPM(%)  49.35 45.03 GPM(%)  47.31 43.09 NPM(%)  49.04 45.88 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 37.57 27.35Mr.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: 25
  • 26. Industry Auto ‐ Cars & Jeeps Group M & M Group Mahindra & Mahindra Ltd 12707.5 Face Value 5 Capital Employed RANK: 20 No. Of Equity Share 5872.47 Price 865.35 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 50817.42 25067.16 25.11 52608.54 In US $ million 1037.09 511.57 25.11 1073.64 RANK in 50 Stocks 20 19 10 27 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 26.39EBIDTA 3840.56 3334.79 1590.53 1521.70 1541.09 Mutual Funds and UTI 21628757 3.52EBIT 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 3540.04 Valuation RatioEnterprise Value 52608.54 48883.49 20994.74 14901.85 19435.87 Annual TTMCapital Employed 12707.50 10698.71 9284.64 6924.66 5176.04 P/E 19.09 18.79Gross Block 5849.27 4866.18 4653.66 3552.64 3180.57 P/B 4.93 NACapital Work‐in‐progress  1364.31 1374.31 886.96 649.94 329.72 P/S 2.16 2.03Investment 9325.29 6398.02 5786.41 4215.06 2237.46 EV/EBITDA 13.70 NA Dividend Yield 1.33 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 June  11 Growth(%)Book Value (Rs.)  175.62 138.37 192.35 181.96 149.26 Net Sales 25067.16 6.70Sales Per Share (Rs.)  399.79 327.20 479.84 473.09 416.81 Other Income 313.91 1.42Free Reserves Per Share (Rs.) 165.14 120.24 170.32 168.36 135.66 EBIDTA 3891.85 3.35 EBIT 3465.73 3.40 Ratio Analysis EBT 3495.32 2.74EBIDTAM(%) 16.36 18.01 12.16 13.45 15.53 Adjusted PAT 2587.11 1.67EBITM(%) 14.60 16.01 9.93 11.34 13.42 Reported PAT 2704.59 1.60APATM(%) 10.64 11.06 7.38 7.88 9.69 OPM(%)  15.53 16.03Adjusted Cash Margin (%)  12.40 13.06 9.61 10.00 11.80 GPM(%)  13.83 14.27ROCE (%) 20.95 19.51 9.01 15.93 20.64 NPM(%)  10.32 10.83Dividend payout Ratio 30.15 29.87 37.29 29.10 30.39 Latest Result (Half Yearly)Debt/Equity  0.23 0.36 0.77 0.59 0.46 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  4.08 3.85 2.84 3.22 3.14 Net Sales 12899.26 21.75Current Ratio 0.86 1.11 0.90 0.86 1.31 Other Income 89.27 (59.47)Quick Ratio  0.60 0.86 0.83 0.74 1.01 EBIDTA 1874.90 (0.84)Inventory Turnover Ratio  15.64 17.91 14.56 12.49 13.42 EBIT 1655.66 (2.39)Fin. Charges Cov.Ratio 54.20 21.26 11.86 17.37 77.85 EBT 1674.20 (3.11)Exports of Total Sales (%) 4.68 4.11 5.28 7.81 7.18 Adjusted PAT 1223.74 (7.35)Import  of Raw Mat.(%) 1.79 1.51 1.39 1.59 1.97 Reported PAT 1341.22 1.54 OPM(%)  14.53 17.85 GPM(%)  12.84 16.01 Rate of Growth NPM(%)  9.49 12.47 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 26.79 41.55 15.66 14.00 18.80 Net Sales 6733.54 (0.66)Other Income 25.59 3.93 (15.95) (10.08) (0.27) Other Income 24.87 (47.53)Total Operating Expenses 29.27 31.39 16.19 15.57 17.93 EBIDTA 922.21 1.42EBIDTA 15.17 109.67 4.52 (1.26) 20.04 EBIT 812.33 2.54EBIT 15.61 128.17 1.29 (3.66) 20.82 EBT 814.33 0.78EBT 19.55 140.98 (2.51) (8.88) 20.67 Adjusted PAT 604.88 (0.27)Adjusted PAT 21.98 112.20 8.27 (7.26) 21.05 Reported PAT 604.88 (0.27)Reported PAT 27.51 149.50 (24.16) 3.27 20.03 OPM(%)  13.70 13.41 GPM(%)  12.06 11.69 NPM(%)  8.98 8.95 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 18.99 12.7Mr.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: 26
  • 27. Industry Auto ‐ 2 & 3 Wheelers Group Bajaj Group Bajaj Auto Ltd 5235.37 Face Value 10 Capital Employed RANK: 21 No. Of Equity Share 2893.67 Price 1729.9 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 50057.60 18421.60 58.56 50226.26 In US $ million 1021.58 375.95 58.56 1025.03 RANK in 50 Stocks 21 25 3 29 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 15.93EBIDTA 3660.67 2654.41 1258.29 1335.61 1687.35 Mutual Funds and UTI 8490757 2.93EBIT 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 50226.26 33606.60 17189.22 10218.74 1543.34 Annual TTMCapital Employed 5235.37 4266.92 3439.69 2921.93 7159.75 P/E 14.99 14.28Gross Block 3395.16 3379.25 3350.20 2994.68 3178.54 P/B 10.19 NACapital Work‐in‐progress  149.34 120.84 106.48 34.74 107.62 P/S 3.04 2.72Investment 4795.20 4021.52 1808.52 1857.14 6447.53 EV/EBITDA 13.72 NA Dividend Yield 2.31 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 EBIDTA 4027.03 3.89 EBIT 3895.90 3.77 Ratio Analysis EBT 3875.04 3.25EBIDTAM(%) 22.25 22.47 14.46 15.13 17.91 Adjusted PAT 2875.22 5.08EBITM(%) 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 22.15Adjusted Cash Margin (%)  16.10 16.41 10.75 10.78 12.65 GPM(%)  21.15 21.46ROCE (%) 63.79 39.91 19.09 25.87 17.29 NPM(%)  15.61 15.64Dividend payout Ratio 40.27 39.63 56.72 44.78 38.24 Latest Result (Half Yearly)Debt/Equity  0.06 0.45 0.83 0.84 0.29 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  4.85 3.50 2.60 2.95 2.96 Net Sales 10044.55 19.91Current Ratio 0.79 0.69 0.84 0.88 0.84 Other Income 147.57 (26.37)Quick Ratio  0.70 0.55 0.73 0.64 0.75 EBIDTA 2115.78 10.70Inventory Turnover Ratio  32.80 28.87 28.64 29.33 36.88 EBIT 2045.72 17.04Fin. Charges Cov.Ratio 2166.08 443.88 59.89 258.84 315.98 EBT 2025.27 15.90Exports of Total Sales (%) 27.74 27.67 30.82 23.53 18.36 Adjusted PAT 1532.27 23.50Import  of Raw Mat.(%) 4.06 3.59 2.35 2.37 5.56 Reported PAT 1436.86 (30.50) OPM(%)  21.06 22.82 GPM(%)  20.37 20.87 Rate of Growth NPM(%)  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 EBIDTA 1131.85 15.03EBIDTA 37.91 110.95 (5.79) (20.85) 16.75 EBIT 1092.43 14.60EBIT 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 GPM(%)  20.74 19.95 NPM(%)  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: 27
  • 28. Industry Power ‐ Transmission/Equipment Group Public SectorPower Grid Corporation of India Ltd 62092.11 Face Value 10 Capital Employed RANK: 22 No. Of Equity Share 46297.25 Price 104.85 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 48542.67 8729.79 13.00 85745.38 In US $ million 990.67 178.16 13.00 1749.91 RANK in 50 Stocks 22 34 34 17 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 EBIDTA 7781.18 6293.46 6600.14 4711.50 3346.92 Mutual Funds and UTI 131091854 2.83 EBIT 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 85745.38 75973.83 67998.69 64117.23 65935.22 Annual TTM Capital Employed 62092.11 50210.71 41999.41 36017.65 30290.38 P/E 17.98 17.61 Gross Block 50343.35 43186.09 40319.33 35417.14 29004.09 P/B 2.29 NA Capital Work‐in‐progress  26633.02 20438.37 13286.00 8758.09 9450.93 P/S 5.79 5.56 Investment 1365.05 1453.22 1592.83 1736.22 1967.00 EV/EBITDA 11.02 NA Dividend Yield 1.67 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 EBIDTA 8129.39 2.65 EBIT 5802.33 2.82 Ratio Analysis EBT 3874.76 0.13 EBIDTAM(%) 92.76 88.30 100.31 102.09 93.23 Adjusted PAT 2757.55 1.91 EBITM(%) 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 Adjusted Cash Margin (%)  58.07 57.69 45.94 56.06 53.64 GPM(%)  66.47 65.68 ROCE (%) 4.34 4.06 4.03 4.02 4.06 NPM(%)  31.59 31.49 Dividend payout Ratio 34.94 36.11 34.95 40.79 34.82 Latest Result (Half Yearly) Debt/Equity  1.93 2.18 2.10 1.62 1.77 Half Year End September  11 Growth(%) Fixed Assets Turnover Ratio  0.16 0.16 0.16 0.13 0.12 Net Sales 4466.84 4.78 Current Ratio 0.69 0.65 0.59 0.67 0.48 Other Income 333.19 (28.22) Quick Ratio  0.73 0.68 0.60 0.70 0.51 EBIDTA 4076.48 (0.31) Inventory Turnover Ratio  21.99 20.67 0.00 0.00 19.50 EBIT 2900.82 (1.17) Fin. Charges Cov.Ratio 4.36 3.97 2.06 2.56 2.86 EBT 1904.86 (3.30) Exports of Total Sales (%) 0.23 0.03 0.01 0.05 0.01 Adjusted PAT 1413.17 5.12 Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 9.77 Reported PAT 1414.03 5.34 OPM(%)  91.26 95.92 GPM(%)  64.94 68.85 Rate of Growth NPM(%)  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 EBIDTA 2092.02 5.19 EBIDTA 23.64 (4.65) 40.09 40.77 18.38 EBIT 1495.39 6.08 EBIT 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 GPM(%)  66.04 64.00 NPM(%)  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: 28
  • 29. Industry Finance ‐ Banks ‐ Private Sector Group Not Applicable Axis Bank Ltd 242713.37 Face Value 10 Capital Employed RANK: 23 No. Of Equity Share 4105.50 Price 1159.35 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 47597.11 18362.34 19.87 249902.99 In US $ million 971.37 374.74 19.87 5100.06 RANK in 50 Stocks 23 26 19 6 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 197633441 47.93Other 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 30972207 7.51Adjusted 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 18998.83 16044.61 10214.80 8770.69 3402.21 Valuation RatioEnterprise Value 249902.99 201565.47 146569.16 117881.96 82988.75 Annual TTMCapital Employed 242713.37 180647.84 147722.06 109577.85 73257.21 P/E 14.05 12.61Cash & Balances with RBI  13886.16 9473.88 9419.21 7305.66 4661.03 P/B 2.51 NAAdvances   142407.83 104343.12 81556.77 59661.14 36876.48 P/S 2.46 2.59Investment 71991.62 55974.82 46330.35 33705.10 26897.16 EV/EBITDA 47.09 NA Dividend Yield 1.41 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 1460.55 946.35 15.89 10.29Prof.Samir Barua Addnl.Independent Director 2010 1608 967.15 19.48 11.72Dr.Adarsh Kishore Chairman / Chair Person 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: 29
  • 30. Industry Steel Group Public Sector Steel Authority of India Ltd 57234.96 Face Value 10 Capital Employed RANK: 24 No. Of Equity Share 41304.01 Price 112.2 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 46343.10 45225.47 12.28 49029.33 In US $ million 945.78 922.97 12.28 1000.60 RANK in 50 Stocks 24 8 35 30 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 4EBIDTA 8857.99 11543.15 11221.33 12806.83 10999.47 Mutual Funds and UTI 31634549 0.77EBIT 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 49029.33 82029.14 54074.95 60318.37 72057.01 Annual TTMCapital Employed 57234.96 49827.95 35522.89 26108.81 21493.67 P/E 9.45 10.15Gross Block 38260.60 35382.49 32728.69 30922.73 29912.71 P/B 1.25 NACapital Work‐in‐progress  22228.43 15039.83 6544.24 2389.55 1236.04 P/S 1.09 1.02Investment 684.14 668.83 652.70 538.20 513.79 EV/EBITDA 5.54 NA Dividend Yield 2.14 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 June  11 Growth(%)Book Value (Rs.)  89.75 80.66 67.75 55.84 41.92 Net Sales 45225.47 4.13Sales Per Share (Rs.)  102.98 98.29 106.04 96.74 83.11 Other Income 1517.48 5.33Free Reserves Per Share (Rs.) 78.84 69.93 57.16 45.02 30.72 EBIDTA 8700.45 (4.97) EBIT 7191.00 (6.24) Ratio Analysis EBT 6674.74 (7.22)EBIDTAM(%) 20.83 28.43 25.62 32.05 32.04 Adjusted PAT 4551.38 (6.92)EBITM(%) 17.34 25.11 22.39 28.77 28.14 Reported PAT 4566.15 (6.90)APATM(%) 10.80 15.62 14.32 18.29 17.69 OPM(%)  19.24 21.08Adjusted Cash Margin (%)  14.29 18.94 17.54 21.58 21.60 GPM(%)  15.90 17.66ROCE (%) 8.57 13.56 17.38 28.87 28.86 NPM(%)  10.06 11.26Dividend payout Ratio 23.49 23.54 20.32 23.71 23.83 Latest Result (Half Yearly)Debt/Equity  0.54 0.49 0.26 0.13 0.24 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  1.16 1.20 1.35 1.31 1.16 Net Sales 23479.27 17.75Current Ratio 1.21 1.60 1.61 1.68 1.52 Other Income 678.55 (10.90)Quick Ratio  1.35 1.53 1.24 1.23 1.01 EBIDTA 4814.60 11.99Inventory Turnover Ratio  5.13 6.02 5.86 8.62 7.50 EBIT 4049.66 13.12Fin. Charges Cov.Ratio 18.66 28.71 44.31 51.04 33.12 EBT 3815.86 14.21Exports of Total Sales (%) 2.30 1.92 1.84 3.08 3.40 Adjusted PAT 2608.92 15.56Import  of Raw Mat.(%) 62.00 61.27 63.36 50.93 54.52 Reported PAT 2614.59 15.35 OPM(%)  20.51 21.56 GPM(%)  17.25 17.95 Rate of Growth NPM(%)  11.11 11.32 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 4.77 (7.31) 9.61 16.40 4.38 Net Sales 10926.00 (10.30)Other Income (18.66) 2.12 48.07 13.63 6.92 Other Income 463.04 13.50Total Operating Expenses 13.35 (9.97) 21.49 16.23 7.58 EBIDTA 1774.45 (36.38)EBIDTA (23.26) 2.87 (12.38) 16.43 (4.24) EBIT 1400.29 (41.70)EBIT (27.67) 3.95 (14.68) 19.01 (5.25) EBT 1229.34 (44.75)EBT (29.54) 2.50 (15.03) 20.56 (5.85) Adjusted PAT 838.06 (45.04)Adjusted PAT (27.52) 1.12 (14.22) 20.36 (5.42) Reported PAT 838.06 (45.25)Reported PAT (27.38) 9.39 (18.07) 21.52 (4.59) OPM(%)  16.24 22.90 GPM(%)  12.82 19.72 NPM(%)  7.67 12.52 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 98.1 17.14 8.87Mr.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: 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 482.8 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 46310.85 30705.12 15.49 70470.45 In US $ million 945.12 626.64 15.49 1438.17 RANK in 50 Stocks 25 14 28 20 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 318802187 33.24Other Income 327.91 331.59 305.36 347.28 485.14 FII 140604911 14.66EBIDTA 11498.16 9237.18 9481.80 8591.82 7398.89 Mutual Funds and UTI 34707252 3.62EBIT 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 31222862 3.26Adjusted 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 24231.94 21828.21 14096.15 Valuation RatioEnterprise Value 70470.45 74601.32 53711.68 57678.50 43984.42 Annual TTMCapital Employed 76745.77 62407.95 56650.78 45322.42 23741.48 P/E 6.74 6.17Gross Block 22846.26 22306.07 20057.01 16479.59 16029.49 P/B 0.96 NACapital Work‐in‐progress  6969.38 3843.59 3487.68 4367.45 2497.44 P/S 1.58 1.51Investment 46564.94 44979.67 42371.78 4103.19 6106.18 EV/EBITDA 6.13 NA Dividend Yield 2.49 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 June  11 Growth(%)Book Value (Rs.)  504.94 418.85 406.47 373.58 242.76 Net Sales 30705.12 4.45Sales Per Share (Rs.)  305.53 281.11 333.27 269.02 300.66 Other Income 1294.88 63.77Free Reserves Per Share (Rs.) 454.52 392.98 309.18 275.25 213.24 EBIDTA 12914.45 5.65 EBIT 11763.16 6.19 Ratio Analysis EBT 10563.08 8.04EBIDTAM(%) 39.23 37.04 38.94 43.71 42.39 Adjusted PAT 7505.73 9.32EBITM(%) 35.32 32.69 34.94 39.47 37.70 Reported PAT 7505.73 9.32APATM(%) 19.63 16.59 20.14 22.63 24.57 OPM(%)  42.06 41.58Adjusted Cash Margin (%)  23.54 20.93 24.14 26.88 29.26 GPM(%)  38.31 37.68ROCE (%) 8.95 8.09 9.18 10.34 17.78 NPM(%)  24.44 23.36Dividend payout Ratio 19.04 16.64 27.15 29.39 26.15 Latest Result (Half Yearly)Debt/Equity  0.58 0.67 1.34 1.08 0.69 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  1.29 1.12 1.22 1.20 1.09 Net Sales 15738.12 15.23Current Ratio 1.78 1.12 0.91 3.81 1.69 Other Income 9.57 (98.77)Quick Ratio  1.45 0.76 0.57 3.52 1.37 EBIDTA 5896.96 (6.79)Inventory Turnover Ratio  9.85 10.90 9.36 10.84 10.81 EBIT 5312.43 (7.85)Fin. Charges Cov.Ratio 6.82 5.00 6.37 9.25 29.45 EBT 4682.10 (8.10)Exports of Total Sales (%) 8.10 8.41 13.85 11.64 12.05 Adjusted PAT 3221.17 (11.62)Import  of Raw Mat.(%) 60.95 59.69 68.85 50.51 48.93 Reported PAT 3221.17 (11.62) OPM(%)  37.47 46.32 GPM(%)  33.76 42.21 Rate of Growth NPM(%)  20.47 26.68 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 17.51 2.43 23.88 12.62 10.92 Net Sales 7860.25 (5.76)Other Income (1.11) 8.59 (12.07) (28.42) (7.53) Other Income 552.64 (31860.92)Total Operating Expenses 13.11 5.69 32.97 8.26 11.47 EBIDTA 3655.80 19.27EBIDTA 24.48 (2.58) 10.36 16.12 9.22 EBIT 3370.50 21.81EBIT 26.96 (4.17) 9.68 17.90 9.49 EBT 3143.23 27.15EBT 37.42 (10.16) 2.79 7.90 6.49 Adjusted PAT 2219.43 29.97Adjusted PAT 39.06 (15.63) 10.25 3.73 6.06 Reported PAT 2219.43 29.97Reported PAT 36.04 (2.98) 10.98 11.01 10.21 OPM(%)  46.51 36.75 GPM(%)  42.88 33.17 NPM(%)  28.24 20.47 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 713.8 391.1 9.12 5Mr.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 Auto ‐ 2 & 3 Wheelers Group Hero Group Hero MotoCorp Ltd. 4447.22 Face Value 2 Capital Employed RANK: 26 No. Of Equity Share 1996.88 Price 2181.35 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 43558.94 22065.24 73.47 45010.87 In US $ million 888.96 450.31 73.47 918.59 RANK in 50 Stocks 26 23 2 32 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 34.8EBIDTA 2720.75 2842.42 1861.58 1456.62 1285.69 Mutual Funds and UTI 2004909 1EBIT 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 45010.87 35856.86 25553.57 14652.19 13845.44 Annual TTMCapital Employed 4447.22 3531.05 3879.24 3118.24 2635.23 P/E 22.59 20.82Gross Block 5538.46 2750.98 2516.27 1938.78 1800.63 P/B 14.74 NACapital Work‐in‐progress  125.14 48.14 120.54 408.49 189.92 P/S 2.25 1.97Investment 5128.75 3925.71 3368.75 2566.82 1973.87 EV/EBITDA 16.54 NA Dividend Yield 4.81 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 EBIDTA 3447.51 9.96 EBIT 2635.88 3.72 Ratio Analysis EBT 2640.68 3.81EBIDTAM(%) 14.05 17.95 15.10 14.08 12.98 Adjusted PAT 2171.96 4.73EBITM(%) 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 15.08Adjusted Cash Margin (%)  11.44 14.09 10.94 9.67 8.92 GPM(%)  11.95 12.23ROCE (%) 43.35 63.21 33.04 31.04 32.55 NPM(%)  9.84 9.98Dividend payout Ratio 126.39 115.04 36.45 45.86 46.29 Latest Result (Half Yearly)Debt/Equity  0.50 0.01 0.02 0.04 0.06 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  3.70 6.29 5.34 5.89 6.01 Net Sales 11512.65 9.10Current Ratio 0.23 0.57 0.46 0.48 0.56 Other Income 168.16 23.31Quick Ratio  0.15 0.49 0.31 0.31 0.39 EBIDTA 1904.63 23.45Inventory Turnover Ratio  43.88 42.80 47.53 42.82 47.48 EBIT 1386.35 10.95Fin. Charges Cov.Ratio 96.48 255.15 142.76 108.14 93.44 EBT 1394.03 11.82Exports of Total Sales (%) 2.29 2.13 2.01 2.35 2.66 Adjusted PAT 1161.51 14.95Import  of Raw Mat.(%) 4.22 1.66 0.79 0.67 1.10 Reported PAT 1161.51 24.81 OPM(%)  16.54 14.62 GPM(%)  12.04 11.84 Rate of Growth NPM(%)  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 EBIDTA 998.46 10.18EBIDTA (4.28) 52.69 27.80 13.29 16.17 EBIT 719.97 8.04EBIT (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 GPM(%)  12.35 11.73 NPM(%)  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 2231.7 1377.95 21.3 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: 32
  • 33. Industry etals ‐ Non Ferrous ‐ Copper/Copper Alloys ‐ ProGroup Sterlite Group Sterlite Industries (India) Ltd 28970.18 Face Value 1 Capital Employed RANK: 27 No. Of Equity Share 33612.08 Price 127.35 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 42804.98 18188.50 5.17 48487.92 In US $ million 873.57 371.19 5.17 989.55 RANK in 50 Stocks 27 27 45 31 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 2215938327 65.93Other Income 1162.50 1008.98 746.56 583.96 98.98 FII 415828117 12.37EBIDTA 1850.04 1537.88 1651.65 1430.42 1187.48 Mutual Funds and UTI 117283529 3.49EBIT 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 294712824 8.77Adjusted 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 48487.92 50473.38 44011.74 47440.45 46000.59 Annual TTMCapital Employed 28970.18 27557.68 17869.06 16414.11 7267.68 P/E 30.18 35.69Gross Block 2972.76 2981.87 2889.07 2765.34 2688.51 P/B 1.84 NACapital Work‐in‐progress  720.35 265.81 32.16 52.49 32.23 P/S 2.80 2.35Investment 6237.85 10984.17 11661.85 12357.03 2912.96 EV/EBITDA 26.21 NA Dividend Yield 0.86 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 EBIDTA 2346.05 5.10 EBIT 2194.34 5.50 Ratio Analysis EBT 1617.97 (9.50)EBIDTAM(%) 12.10 11.73 14.30 11.29 10.04 Adjusted PAT 1199.44 (10.70)EBITM(%) 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 13.70Adjusted Cash Margin (%)  7.29 8.75 11.25 8.78 7.41 GPM(%)  12.06 12.77ROCE (%) 4.90 3.02 6.92 5.80 10.79 NPM(%)  6.59 8.24Dividend payout Ratio 30.26 44.19 23.46 34.84 32.49 Latest Result (Half Yearly)Debt/Equity  0.24 0.23 0.27 0.24 0.63 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  5.16 4.41 4.00 4.58 4.40 Net Sales 8974.38 (2.60)Current Ratio 3.02 3.43 1.13 0.80 1.15 Other Income 783.11 27.69Quick Ratio  5.04 6.96 2.59 1.02 1.42 EBIDTA 1360.27 37.99Inventory Turnover Ratio  5.16 7.02 8.98 5.94 6.84 EBIT 1284.92 41.29Fin. Charges Cov.Ratio 6.75 6.00 8.10 8.70 6.50 EBT 865.80 15.11Exports of Total Sales (%) 43.50 45.33 39.66 55.82 61.03 Adjusted PAT 600.03 0.10Import  of Raw Mat.(%) 98.19 97.25 3.98 2.60 2.98 Reported PAT 600.03 0.10 OPM(%)  15.16 10.70 GPM(%)  14.32 9.87 Rate of Growth NPM(%)  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 EBIDTA 702.47 6.79EBIDTA 20.30 (6.89) 15.47 20.46 9.27 EBIT 664.96 7.26EBIT 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 GPM(%)  13.85 14.86 NPM(%)  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 195.9 103.7 54.9 29.06Mr.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: 33
  • 34. Industry Construction & Contracting Group DLF Group DLF Ltd 28870.04 Face Value 2 Capital Employed RANK: 28 No. Of Equity Share 16975.72 Price 242.15 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 41106.71 2949.93 8.21 56012.52 In US $ million 838.91 60.20 8.21 1143.11 RANK in 50 Stocks 28 47 41 23 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 15.53EBIDTA 2909.87 1941.72 2769.48 3632.72 986.11 Mutual Funds and UTI 983308 0.06EBIT 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 12830.01 12374.83 11269.15 652.80 Valuation RatioEnterprise Value 56012.52 68015.38 61040.50 125293.35 129450.49 Annual TTMCapital Employed 28870.04 25467.87 21989.80 19655.55 7422.09 P/E 32.37 35.53Gross Block 2143.37 2002.85 1968.40 1533.72 365.58 P/B 2.98 NACapital Work‐in‐progress  2199.25 1718.51 1657.73 1781.79 665.03 P/S 14.09 13.93Investment 7037.24 6558.88 2956.32 1839.83 769.17 EV/EBITDA 19.25 NA Dividend Yield 0.83 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 June  11 Growth(%)Book Value (Rs.)  81.35 75.59 72.91 66.10 4.27 Net Sales 2949.93 1.16Sales Per Share (Rs.)  17.18 13.59 16.66 32.24 7.20 Other Income 1239.31 (0.27)Free Reserves Per Share (Rs.) 71.90 70.78 69.75 63.84 2.25 EBIDTA 2834.66 (4.63) EBIT 2736.97 (3.72) Ratio Analysis EBT 1429.10 (8.15)EBIDTAM(%) 99.79 84.16 97.93 66.09 89.51 Adjusted PAT 1133.89 (9.02)EBITM(%) 93.61 76.90 92.56 64.86 88.65 Reported PAT 1157.11 (8.86)APATM(%) 38.89 32.56 54.69 46.83 36.84 OPM(%)  96.09 101.93Adjusted Cash Margin (%)  45.06 39.82 60.07 48.05 37.70 GPM(%)  92.78 97.48ROCE (%) 4.40 3.00 7.04 13.10 5.47 NPM(%)  38.44 42.74Dividend payout Ratio 26.74 45.86 23.79 30.99 98.30 Latest Result (Half Yearly)Debt/Equity  1.09 0.98 0.77 0.74 10.37 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  1.38 1.17 1.46 3.60 3.01 Net Sales 1722.13 44.24Current Ratio 3.51 5.03 2.96 2.34 1.75 Other Income 845.55 112.92Quick Ratio  2.49 3.56 3.83 3.28 1.36 EBIDTA 1841.81 62.91Inventory Turnover Ratio  0.42 0.41 0.00 0.00 0.33 EBIT 1776.54 66.65Fin. Charges Cov.Ratio 2.26 2.29 3.42 8.12 2.77 EBT 1136.21 170.73Exports of Total Sales (%) 3.16 5.30 3.51 2.18 18.06 Adjusted PAT 919.08 180.83Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 941.78 187.31 OPM(%)  106.95 94.69 GPM(%)  103.16 89.29 Rate of Growth NPM(%)  53.37 27.41 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 26.40 (18.42) (48.56) 398.97 21.49 Net Sales 685.74 (19.04)Other Income 26.02 (10.92) 79.53 71.13 28.10 Other Income 159.26 (76.64)Total Operating Expenses (9.97) 18.49 (56.08) 447.13 20.72 EBIDTA 454.84 (61.51)EBIDTA 49.86 (29.89) (23.76) 268.39 24.16 EBIT 454.84 (60.43)EBIT 53.86 (32.22) (26.58) 265.04 22.82 EBT 124.96 (84.99)EBT 55.67 (48.72) (42.02) 402.50 18.39 Adjusted PAT 92.64 (87.03)Adjusted PAT 50.94 (51.43) (39.91) 534.23 22.81 Reported PAT 92.64 (87.43)Reported PAT 65.95 (50.57) (39.88) 534.45 25.62 OPM(%)  66.33 139.52 GPM(%)  66.33 135.72 NPM(%)  13.51 84.33 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 43.75 25.44Mr.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: 34
  • 35. Industry Finance ‐ Banks ‐ Private Sector Group Kotak Mahindra Group Kotak Mahindra Bank Ltd. 50850.67 Face Value 5 Capital Employed RANK: 29 No. Of Equity Share 7368.80 Price 512.4 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 37757.73 5162.46 13.88 79304.03 In US $ million 770.57 105.36 13.88 1618.45 RANK in 50 Stocks 29 42 32 19 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 336309953 45.53Other 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 74943739 10.15Adjusted 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 6833.39 4539.92 3905.53 3593.71 1661.93 Valuation RatioEnterprise Value 79304.03 76272.11 60232.37 80303.56 73524.71 Annual TTMCapital Employed 50850.67 37436.32 28711.87 28312.36 19915.42 P/E 46.16 39.80Cash & Balances with RBI  2107.72 2085.67 995.35 1710.29 751.22 P/B 5.53 NAAdvances   29329.31 20775.05 16625.34 15552.22 10924.07 P/S 7.97 7.31Investment 17121.44 12512.66 9110.18 9141.99 6861.96 EV/EBITDA 63.43 NA Dividend Yield 0.10 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 511.1 333.25 39.7 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: 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 1125.3 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 32511.04 35947.55 14.53 30311.84 In US $ million 663.49 733.62 14.53 618.61 RANK in 50 Stocks 30 11 31 37 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 19.24EBIDTA 4088.90 4355.60 2451.30 3007.40 2565.50 Mutual Funds and UTI 9250541 3.2EBIT 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 30311.84 40750.24 30083.52 21594.40 27593.41 Annual TTMCapital Employed 14176.80 12656.50 10043.80 9315.60 7484.70 P/E 14.21 16.14Gross Block 11737.70 10406.70 8720.60 7285.30 6146.80 P/B 2.35 NACapital Work‐in‐progress  1428.60 387.60 861.30 736.30 238.90 P/S 0.89 0.90Investment 5106.70 7176.60 3173.30 5180.70 3409.20 EV/EBITDA 7.41 NA Dividend Yield 0.67 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 EBIDTA 3766.05 (11.35) EBIT 2723.60 (15.79) Ratio Analysis EBT 2700.22 (15.93)EBIDTAM(%) 11.18 14.86 11.83 16.65 17.33 Adjusted PAT 2014.70 (15.08)EBITM(%) 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 11.40Adjusted Cash Margin (%)  8.87 11.01 9.37 12.09 12.31 GPM(%)  7.58 8.68ROCE (%) 16.14 19.73 12.13 18.58 20.87 NPM(%)  5.60 6.37Dividend payout Ratio 11.00 8.09 9.70 9.78 9.72 Latest Result (Half Yearly)Debt/Equity  0.02 0.06 0.07 0.10 0.09 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  3.13 2.82 2.38 2.48 2.41 Net Sales 16353.03 (16.51)Current Ratio 1.47 0.91 1.51 0.91 1.40 Other Income 297.82 20.02Quick Ratio  1.14 0.67 1.26 0.66 1.13 EBIDTA 1606.40 (25.62)Inventory Turnover Ratio  33.33 30.47 30.46 22.93 28.76 EBIT 1097.56 (32.50)Fin. Charges Cov.Ratio 167.58 130.02 48.06 50.46 68.23 EBT 1080.89 (33.25)Exports of Total Sales (%) 9.56 15.49 7.24 4.10 3.90 Adjusted PAT 789.68 (35.54)Import  of Raw Mat.(%) 11.99 12.89 11.70 10.84 12.62 Reported PAT 789.68 (35.54) OPM(%)  9.82 11.03 GPM(%)  6.71 8.30 Rate of Growth NPM(%)  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 EBIDTA 611.93 (38.47)EBIDTA (6.12) 77.69 (18.49) 17.22 9.77 EBIT 345.56 (54.05)EBIT (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 GPM(%)  4.41 8.82 NPM(%)  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 1010.45 20.82 14.49Mr.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 976.25 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 30928.58 29330.09 22.31 358054.06 In US $ million 631.20 598.57 22.31 7307.23 RANK in 50 Stocks 31 15 15 3 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 20037.80 16230.93 13139.89 10782.65 10141.61 Valuation RatioEnterprise Value 358054.06 290704.18 230230.19 184477.36 153683.02 Annual TTMCapital Employed 376854.49 295140.79 245404.88 197484.67 162128.65 P/E 6.98 6.92Cash & Balances with RBI  23776.90 18327.58 17058.25 15258.15 12372.03 P/B 1.54 NAAdvances   242106.67 186601.21 154702.99 119501.57 96596.52 P/S 1.04 1.05Investment 95162.35 77724.47 63385.18 53991.71 45189.84 EV/EBITDA 54.97 NA Dividend Yield 2.25 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 June  11 Growth(%)Book Value (Rs.)  632.49 512.32 414.76 340.35 320.12 Net Sales 29330.09 8.60Sales Per Share (Rs.)  940.77 774.12 691.50 502.69 382.07 Other Income 3804.51 5.91Free Reserves Per Share (Rs.) 622.49 502.37 404.80 330.40 310.16 Personnel Expenses  4678.52 4.87 EBIDTA 9431.46 4.15 Ratio Analysis EBT 6580.09 0.25Capital Adequacy Ratio  12.42 14.16 14.03 13.46 12.29 Adjusted PAT 4470.28 0.83EBIDTAM(%) 24.01 26.42 24.33 23.20 20.96 Reported PAT 4470.28 0.83APATM(%) 14.87 15.91 14.10 12.86 12.72 OPM(%)  32.16 33.53Fund based income(%) 93.08 93.07 93.56 93.00 92.25 NPM(%)  15.24 16.42Fee based income(%) 6.91 6.92 6.43 6.99 7.74 Capital Adequacy Ratio  11.52 11.75Yield 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 March  11 Growth(%)Cost of Funds Ratio  4.40 4.81 5.74 5.07 4.24 Net Sales 14559.41 17.16Borrowings within India(%) 72.02 72.80 8.45 43.04 47.95 Other Income 2002.59 24.39Borrowings from outside(%) 27.97 27.19 91.54 56.95 52.04 Personnel Expenses  2352.79 11.60Deposits within India(%) 98.19 98.24 98.69 99.93 99.96 EBIDTA 4857.44 15.70Deposits Outside India(%) 1.80 1.75 1.30 0.06 0.03 EBT 3415.62 8.50Net Profit Per Branch  0.85 0.78 0.66 0.48 0.37 Adjusted PAT 2290.67 6.90Deposits Per Branch  60.30 49.85 44.94 39.01 33.73 Reported PAT 2290.67 6.90 OPM(%)  33.36 33.78 NPM(%)  15.73 17.24 Rate of Growth Capital Adequacy Ratio  11.65 11.65 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 21.53 11.95 37.56 31.57 19.75 Net Sales 8315.24 11.76Other Income 47.54 (21.05) 138.75 24.08 28.11 Other Income 1083.67 (5.39)Total Operating Expenses 26.02 7.89 37.45 27.77 19.01 Personnel Expenses  1212.64 7.38Personnel Expenses  42.93 6.73 18.80 4.64 13.65 EBIDTA 2473.93 (1.34)EBIDTA 10.47 21.57 44.27 45.62 23.05 EBT 1580.41 (11.19)EBT 11.15 23.87 44.63 51.95 24.79 Adjusted PAT 1105.07 (7.98)Adjusted PAT 13.52 26.34 50.86 33.02 23.54 Reported PAT 1105.07 (7.98)Reported PAT 13.52 26.35 50.87 33.03 23.55 OPM(%)  29.75 33.70 NPM(%)  13.29 16.14 Capital Adequacy Ratio  11.45 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.K R Kamath Chairman and Managing director 2011 1237 872 8.77 6.18Mr.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.Ranjan Dhawan Chief General ManagerMr.Ramesh Kumar Kochar Company Secretary & Compliance Officer WWW.SWASTIKBUSINESSANALYTICS.COM Page: 37
  • 38. Industry Computers ‐ Software Group HCL Group HCL Technologies Ltd 6889.31 Face Value 2 Capital Employed RANK: 32 No. Of Equity Share 6886.89 Price 443.75 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 30560.57 7275.37 22.68 31423.03 In US $ million 623.69 148.48 22.68 641.29 RANK in 50 Stocks 32 37 13 36 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 20.51EBIDTA 1752.55 1568.91 1548.34 1289.81 953.15 Mutual Funds and UTI 22478904 3.26EBIT 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 31423.03 27845.85 14783.32 13874.66 32022.79 Annual TTMCapital Employed 6889.31 6333.25 4001.97 3240.16 3465.91 P/E 25.50 21.81Gross Block 2880.57 2293.37 1957.86 1599.61 1332.67 P/B 5.22 NACapital Work‐in‐progress  568.73 477.20 417.56 419.03 212.86 P/S 4.50 4.20Investment 2653.27 2233.20 562.75 1797.34 1988.86 EV/EBITDA 17.93 NA Dividend Yield 1.69 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 EBIDTA 1942.89 15.47 EBIT 1642.87 18.09 Ratio Analysis EBT 1545.47 19.82EBIDTAM(%) 25.79 30.89 33.12 27.95 25.29 Adjusted PAT 1329.13 17.99EBITM(%) 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 24.76Adjusted Cash Margin (%)  22.95 26.93 28.16 25.36 22.73 GPM(%)  22.58 20.48ROCE (%) 17.39 16.68 24.92 24.09 31.79 NPM(%)  18.27 16.58Dividend payout Ratio 49.97 29.86 55.08 89.70 55.10 Latest Result (Half Yearly)Debt/Equity  0.17 0.28 0.14 0.01 0.01 Half Year End June  11 Growth(%)Fixed Assets Turnover Ratio  2.73 2.56 2.73 3.27 3.13 Net Sales 3647.09 15.88Current Ratio 2.09 1.92 1.50 1.12 1.41 Other Income 85.72 6.42Quick Ratio  1.97 2.19 1.71 1.06 1.39 EBIDTA 956.03 31.57Inventory Turnover Ratio  59.62 1131.13 53.73 0.00 0.00 EBIT 810.24 39.45Fin. Charges Cov.Ratio 17.29 15.48 43.80 51.74 46.27 EBT 760.55 43.68Exports of Total Sales (%) 74.42 97.82 97.80 98.49 98.87 Adjusted PAT 717.41 49.19Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 717.41 49.19 OPM(%)  26.21 23.09 GPM(%)  22.22 18.46 Rate of Growth NPM(%)  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 EBIDTA 580.60 5.57EBIDTA 11.70 1.33 20.04 35.32 12.95 EBIT 498.52 5.24EBIT 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 GPM(%)  25.19 24.30 NPM(%)  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.Shiv Nadar Chairman & Chief Strategy Officer 2011 528.4 360.1 25.98 17.7Mr.T S R Subramanian Non Executive Director 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: 38
  • 39. Industry Instrumentation & Process Control Group MNC Associate Siemens Ltd 3476.78 Face Value 2 Capital Employed RANK: 33 No. Of Equity Share 3371.60 Price 854.9 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 28823.81 11514.11 26.75 26970.61 In US $ million 588.24 234.98 26.75 550.42 RANK in 50 Stocks 33 31 9 41 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 3.31EBIDTA 1423.34 1307.37 616.60 734.50 549.98 Mutual Funds and UTI 10509566 3.09EBIT 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 3476.54 2915.30 2067.68 1589.40 1085.52 Valuation RatioEnterprise Value 26970.61 22772.21 12426.02 18961.70 26187.08 Annual TTMCapital Employed 3476.78 2915.89 2068.74 1590.93 1087.52 P/E 34.85 31.00Gross Block 1354.89 1134.78 991.10 870.12 647.29 P/B 8.29 NACapital Work‐in‐progress  246.52 105.70 87.01 93.29 154.16 P/S 3.09 2.50Investment 388.46 476.97 523.65 467.59 463.97 EV/EBITDA 18.95 NA Dividend Yield 0.58 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 June  11 Growth(%)Book Value (Rs.)  103.15 86.51 61.37 94.37 64.48 Net Sales 11514.11 5.02Sales Per Share (Rs.)  276.50 249.04 245.98 458.66 267.87 Other Income 2.07 NAFree Reserves Per Share (Rs.) 100.92 84.30 59.16 91.95 62.06 EBIDTA 1461.91 0.72 EBIT 1328.70 (0.35) Ratio Analysis EBT 1409.20 (0.44)EBIDTAM(%) 15.27 15.57 7.43 9.50 12.18 Adjusted PAT 929.83 (0.14)EBITM(%) 14.18 14.64 6.67 8.86 11.20 Reported PAT 929.83 (0.14)APATM(%) 9.31 9.81 2.91 5.12 7.73 OPM(%)  12.70 13.24Adjusted Cash Margin (%)  10.40 10.73 3.68 5.76 8.71 GPM(%)  11.54 12.16ROCE (%) 23.79 35.83 28.68 37.50 33.64 NPM(%)  8.08 8.49Dividend payout Ratio 23.76 18.87 19.94 15.86 19.96 Latest Result (Half Yearly)Debt/Equity  0.00 0.00 0.00 0.00 0.00 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  7.00 7.56 8.57 9.14 7.33 Net Sales 5696.45 8.06Current Ratio 1.27 1.25 1.15 1.13 1.06 Other Income 0.00 NAQuick Ratio  1.05 1.09 1.00 0.94 0.90 EBIDTA 816.21 27.69Inventory Turnover Ratio  6.24 8.86 11.30 10.76 9.90 EBIT 748.37 28.10Fin. Charges Cov.Ratio 64.09 67.91 46.46 63.43 48.99 EBT 790.04 26.67Exports of Total Sales (%) 17.18 24.45 37.32 34.55 23.36 Adjusted PAT 522.33 28.14Import  of Raw Mat.(%) 40.36 36.70 34.22 35.65 26.79 Reported PAT 522.33 28.14 OPM(%)  14.33 12.13 GPM(%)  13.14 11.08 Rate of Growth NPM(%)  9.17 7.73 Latest Result (Quarterly) September  10 September  09 September  08 September  07 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 11.03 1.24 7.26 71.22 15.60 Net Sales 2796.81 (10.31)Other Income (55.49) 417.67 (47.01) (27.75) (2.47) Other Income 2.07 NATotal Operating Expenses 8.80 (4.59) 8.87 72.76 14.32 EBIDTA 252.40 (43.26)EBIDTA 8.87 112.03 (16.05) 33.55 20.95 EBIT 212.31 (48.21)EBIT 7.50 122.40 (19.32) 35.49 21.18 EBT 228.85 (45.95)EBT 7.38 124.30 (19.90) 36.23 21.32 Adjusted PAT 154.79 (44.26)Adjusted PAT 5.44 241.40 (39.10) 13.41 19.98 Reported PAT 154.79 (44.26)Reported PAT (20.83) 76.10 (0.54) 63.05 17.72 OPM(%)  9.02 14.27 GPM(%)  7.59 13.15 NPM(%)  5.53 8.91 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 951 690.05 34.48 25.02Dr.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: 39
  • 40. Industry Pharmaceuticals Group Reddy Group Dr Reddys Laboratories Ltd 7465 Face Value 5 Capital Employed RANK: 34 No. Of Equity Share 1692.53 Price 1670.7 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 28277.10 6080.36 16.04 29655.70 In US $ million 577.08 124.09 16.04 605.22 RANK in 50 Stocks 34 41 26 38 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 73360577 43.27Other Income 115.50 181.30 249.70 156.64 272.74 FII 44618735 26.32EBIDTA 1335.00 1269.80 1007.70 739.35 1600.08 Mutual Funds and UTI 10635465 6.27EBIT 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 12955556 7.64Adjusted 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 4811.81 4373.36 Valuation RatioEnterprise Value 29655.70 24730.07 13724.15 9570.11 10752.96 Annual TTMCapital Employed 7465.00 6477.80 5899.40 5274.12 4703.26 P/E 31.65 29.29Gross Block 3025.00 2425.70 2157.30 1750.21 1291.19 P/B 4.70 NACapital Work‐in‐progress  570.40 745.40 411.20 245.71 280.61 P/S 5.45 4.65Investment 2462.00 2652.70 1865.10 2080.71 966.99 EV/EBITDA 22.21 NA Dividend Yield 0.67 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 EBIDTA 1579.52 (3.45) EBIT 1252.06 (5.18) Ratio Analysis EBT 1216.25 (6.47)EBIDTAM(%) 25.73 28.89 25.20 22.11 42.29 Adjusted PAT 965.45 (7.80)EBITM(%) 20.44 23.39 19.86 16.65 38.28 Reported PAT 965.45 (7.80)APATM(%) 17.19 17.59 14.96 12.95 31.92 OPM(%)  25.98 28.55Adjusted Cash Margin (%)  22.48 23.09 20.30 18.42 35.93 GPM(%)  20.59 23.04ROCE (%) 11.97 13.06 9.51 9.01 25.02 NPM(%)  15.88 18.27Dividend payout Ratio 34.20 26.19 21.94 15.52 6.25 Latest Result (Half Yearly)Debt/Equity  0.23 0.09 0.12 0.09 0.07 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  1.75 1.86 1.91 1.97 3.06 Net Sales 3343.94 22.20Current Ratio 1.66 1.49 1.85 1.82 2.56 Other Income 68.59 3.42Quick Ratio  1.91 1.45 2.13 1.94 2.81 EBIDTA 937.15 34.24Inventory Turnover Ratio  5.36 5.39 6.09 5.90 8.72 EBIT 794.82 54.94Fin. Charges Cov.Ratio 134.85 79.36 36.78 50.33 30.80 EBT 763.80 50.30Exports of Total Sales (%) 72.23 71.92 78.09 70.77 81.74 Adjusted PAT 592.55 38.24Import  of Raw Mat.(%) 42.76 30.36 38.75 26.37 36.74 Reported PAT 592.55 38.24 OPM(%)  28.03 25.51 GPM(%)  23.77 18.75 Rate of Growth NPM(%)  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 EBIDTA 269.85 (59.56)EBIDTA 5.13 26.01 36.30 (53.79) (3.56) EBIT 196.45 (67.17)EBIT 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 GPM(%)  11.93 35.26 NPM(%)  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 30.31 24.32Dr.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: 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 95.5 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 26788.95 48.78 1.20 27108.08 In US $ million 546.71 1.00 1.20 553.23 RANK in 50 Stocks 35 49 47 40 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 0.00 0.00 0.00 0.00 2.25 Promoter 2256495478 80.44Other Income 471.53 223.79 273.81 112.83 0.00 FII 122689610 4.37EBIDTA 297.16 126.88 200.34 87.39 1.37 Mutual Funds and UTI 5799561 0.21EBIT 296.02 126.37 200.14 87.39 1.37 Banks and Insurance 44087186 1.57EBT 253.67 124.67 198.38 81.67 0.55 Other Investors 65916139 2.35Adjusted PAT 253.64 108.96 190.81 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 15896.57 14066.04 13792.81 13542.67 200.06 Valuation RatioEnterprise Value 27108.08 38370.43 35871.72 76693.59 0.00 Annual TTMCapital Employed 17450.62 14066.04 13792.81 13542.67 200.06 P/E 98.45 140.54Gross Block 85.23 81.16 78.18 67.41 67.27 P/B 1.69 NACapital Work‐in‐progress  58.86 55.30 55.84 61.14 53.57 P/S NA 549.18Investment 8578.32 7213.04 6282.71 8489.75 41.28 EV/EBITDA 91.22 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 June  11 Growth(%)Book Value (Rs.)  56.67 58.69 57.55 59.92 10.00 Net Sales 48.78 34.05Sales Per Share (Rs.)  0.00 0.00 0.00 0.00 0.11 Other Income 330.17 (24.13)Free Reserves Per Share (Rs.) 0.00 48.69 47.55 49.92 0.00 EBIDTA 201.82 (32.08) EBIT 200.28 (32.34) Ratio Analysis EBT 135.99 (46.39)EBIDTAM(%) NA NA NA NA 60.89 Adjusted PAT 190.62 (30.57)EBITM(%) NA NA NA NA 60.89 Reported PAT 190.62 (30.57)APATM(%) NA NA NA NA 7.56 OPM(%)  413.74 816.60Adjusted Cash Margin (%)  NA NA NA NA 7.56 GPM(%)  410.58 813.44ROCE (%) 1.57 1.94 1.80 0.70 0.08 NPM(%)  390.77 754.44Dividend payout Ratio 0.00 0.00 0.00 0.00 0.00 Latest Result (Half Yearly)Debt/Equity  0.09 0.00 0.00 0.00 0.00 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  0.00 0.00 0.00 0.00 0.03 Net Sales 33.73 1172.83Current Ratio 74.44 189.31 167.36 12.60 9.16 Other Income 168.30 (36.93)Quick Ratio  74.44 189.31 167.36 12.60 9.16 EBIDTA 81.04 (62.50)Inventory Turnover Ratio  0.00 0.00 0.00 0.00 0.00 EBIT 80.30 (62.78)Fin. Charges Cov.Ratio 7.02 74.91 113.42 15.27 1.67 EBT 37.95 (82.41)Exports of Total Sales (%) 0.00 0.00 0.00 0.00 0.00 Adjusted PAT 97.61 (44.83)Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 97.61 (44.83) OPM(%)  240.26 8155.47 GPM(%)  238.07 8140.38 Rate of Growth NPM(%)  289.39 6676.98 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 0.00 0.00 0.00 (100.00) (100.00) Net Sales 13.72 (37.44)Other Income 110.70 (18.27) 142.67 0.00 0.00 Other Income 105.78 33.92Total Operating Expenses 79.93 31.90 188.91 2789.77 188.00 EBIDTA 92.19 247.62EBIDTA 134.21 (36.67) 129.25 6278.83 193.26 EBIT 91.60 250.69EBIT 134.25 (36.86) 129.02 6278.83 193.04 EBT 69.66 2183.93EBT 103.47 (37.16) 142.90 14749.09 241.02 Adjusted PAT 64.63 3.06Adjusted PAT 132.78 (42.90) 152.83 44294.12 331.27 Reported PAT 64.63 3.06Reported PAT 0.48 9.78 162.91 59068.75 343.51 OPM(%)  671.94 120.93 GPM(%)  667.64 119.11 NPM(%)  471.06 285.96 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 75.25 238.54 110.74Mr.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 135.95 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 26026.24 24711.83 7.53 33072.79 In US $ million 531.15 504.32 7.53 674.95 RANK in 50 Stocks 36 20 43 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 28.24EBIDTA 3981.63 3228.62 3532.31 3797.36 4331.89 Mutual Funds and UTI 47254491 2.47EBIT 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 23757.91 17435.82 12418.04 Valuation RatioEnterprise Value 33072.79 42212.50 24483.32 24083.60 26931.61 Annual TTMCapital Employed 36971.60 34267.87 32082.61 25764.40 19786.64 P/E 12.18 11.59Gross Block 14287.32 13793.35 13393.07 12608.46 11252.66 P/B 0.88 NACapital Work‐in‐progress  9464.05 3702.79 1389.63 1119.87 1476.43 P/S 1.10 1.05Investment 18246.75 21480.83 19148.84 14107.99 8675.32 EV/EBITDA 8.31 NA Dividend Yield 1.10 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 June  11 Growth(%)Book Value (Rs.)  155.12 145.85 139.71 142.16 119.03 Net Sales 24711.83 3.57Sales Per Share (Rs.)  124.10 101.68 106.81 155.79 157.96 Other Income 425.74 34.41Free Reserves Per Share (Rs.) 108.14 98.72 86.31 138.43 103.16 EBIDTA 3645.76 4.10 EBIT 2952.02 4.88 Ratio Analysis EBT 2724.67 5.01EBIDTAM(%) 16.76 16.59 19.45 19.86 23.65 Adjusted PAT 2235.68 5.16EBITM(%) 13.87 13.14 15.90 16.77 20.61 Reported PAT 2246.52 5.13APATM(%) 9.32 7.61 10.68 11.61 14.16 OPM(%)  14.75 14.68Adjusted Cash Margin (%)  12.22 11.06 14.23 14.71 17.20 GPM(%)  11.95 11.80ROCE (%) 5.78 5.59 6.95 11.10 12.96 NPM(%)  9.05 8.91Dividend payout Ratio 15.61 15.72 12.04 9.27 7.88 Latest Result (Half Yearly)Debt/Equity  0.24 0.22 0.35 0.48 0.59 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  1.67 1.42 1.37 1.53 1.64 Net Sales 12821.02 16.15Current Ratio 0.96 1.02 1.20 1.08 1.22 Other Income 165.73 9.74Quick Ratio  0.34 0.38 0.88 0.52 0.66 EBIDTA 1820.35 8.24Inventory Turnover Ratio  3.43 3.63 5.16 4.32 4.89 EBIT 1473.73 9.90Fin. Charges Cov.Ratio 6.52 5.26 10.48 13.53 17.87 EBT 1365.73 11.12Exports of Total Sales (%) 29.87 27.12 28.38 33.65 38.10 Adjusted PAT 1157.87 19.59Import  of Raw Mat.(%) 88.47 89.76 86.35 90.35 89.50 Reported PAT 1168.71 20.71 OPM(%)  14.20 15.24 GPM(%)  11.49 12.15 Rate of Growth NPM(%)  9.03 8.77 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 22.10 7.14 (5.01) 4.40 5.34 Net Sales 6030.87 (11.91)Other Income 39.74 (51.36) 17.64 64.40 5.62 Other Income 177.91 69.24Total Operating Expenses 22.18 8.41 (3.79) 10.81 7.15 EBIDTA 1044.96 2.49EBIDTA 23.32 (8.60) (6.98) (12.34) (1.67) EBIT 869.61 3.08EBIT 28.82 (11.45) (9.92) (15.08) (2.69) EBT 802.89 1.99EBT 38.10 (23.82) (12.79) (17.19) (5.35) Adjusted PAT 644.00 (7.61)Adjusted PAT 49.54 (23.65) (12.60) (14.37) (3.10) Reported PAT 644.00 (9.09)Reported PAT 11.55 (14.11) (22.04) 11.57 (3.58) OPM(%)  17.33 14.89 GPM(%)  14.42 12.32 NPM(%)  10.68 10.18 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 251.9 119.5 21.47 10.18Mr.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 Cement Group Ambuja Group Ambuja Cements Ltd 7395.13 Face Value 2 Capital Employed RANK: 37 No. Of Equity Share 15298.59 Price 155.3 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 23758.71 7821.94 15.81 21534.83 In US $ million 484.87 159.63 15.81 439.49 RANK in 50 Stocks 37 36 27 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 804542321 52.49Other Income 128.59 175.54 158.16 122.59 72.83 FII 367317341 23.97EBIDTA 1985.44 2093.11 1942.30 2175.72 2233.99 Mutual Funds and UTI 30206858 1.97EBIT 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 26427088 1.72Adjusted 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 21534.83 18676.56 12458.86 14359.13 20259.15 Annual TTMCapital Employed 7395.13 6636.60 5961.54 4991.67 4357.10 P/E 18.80 20.39Gross Block 8778.82 6224.13 5706.94 5231.05 4542.50 P/B 3.24 NACapital Work‐in‐progress  930.70 2714.43 1947.22 696.79 634.93 P/S 3.22 3.04Investment 625.95 727.01 332.39 1288.94 1133.12 EV/EBITDA 10.85 NA Dividend Yield 1.67 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 June  11 Growth(%)Book Value (Rs.)  47.91 42.47 37.26 30.62 23.02 Net Sales 7821.94 1.30Sales Per Share (Rs.)  48.18 46.49 40.60 37.25 41.05 Other Income 176.61 20.66Free Reserves Per Share (Rs.) 44.95 39.35 34.13 27.48 19.66 EBIDTA 2057.74 (0.74) EBIT 1633.86 (1.37) Ratio Analysis EBT 1575.07 (1.85)EBIDTAM(%) 26.93 29.55 31.42 38.36 35.88 Adjusted PAT 1158.74 (3.64)EBITM(%) 21.67 25.34 27.19 34.19 30.63 Reported PAT 1165.19 (3.62)APATM(%) 15.10 16.76 17.49 19.78 23.37 OPM(%)  26.31 26.85Adjusted Cash Margin (%)  20.36 20.97 21.72 23.95 28.62 GPM(%)  20.89 21.45ROCE (%) 17.09 18.36 23.52 35.44 34.50 NPM(%)  14.81 15.57Dividend payout Ratio 36.60 35.10 27.94 35.22 34.98 Latest Result (Half Yearly)Debt/Equity  0.01 0.02 0.05 0.07 0.24 Half Year End June  11 Growth(%)Fixed Assets Turnover Ratio  0.84 1.15 1.10 1.09 1.37 Net Sales 4411.54 (51.52)Current Ratio 1.07 0.89 1.26 1.03 1.08 Other Income 108.24 (28.20)Quick Ratio  0.74 0.57 0.74 0.63 0.70 EBIDTA 1333.67 (44.51)Inventory Turnover Ratio  9.19 11.36 7.54 11.13 17.19 EBIT 1120.19 (41.48)Fin. Charges Cov.Ratio 40.78 93.32 60.58 28.68 19.73 EBT 1091.21 (41.23)Exports of Total Sales (%) 1.33 2.60 3.69 4.90 8.36 Adjusted PAT 754.98 (45.63)Import  of Raw Mat.(%) 9.16 31.66 8.41 11.01 5.05 Reported PAT 754.98 (46.65) OPM(%)  30.23 26.41 GPM(%)  25.39 21.03 Rate of Growth NPM(%)  17.11 15.26 Latest Result (Quarterly) December  10 December  09 December  08 December  07 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 4.07 14.58 9.00 (8.91) 3.43 Net Sales 2189.07 (1.50)Other Income (26.75) 10.99 29.02 68.32 12.04 Other Income 56.15 7.79Total Operating Expenses 6.76 17.46 21.55 (10.99) 6.29 EBIDTA 654.58 (3.61)EBIDTA (5.14) 7.76 (10.73) (2.61) (2.33) EBIT 547.21 (4.50)EBIT (10.97) 6.77 (13.31) 1.68 (3.48) EBT 532.02 (4.86)EBT (12.59) 7.48 (11.50) 3.87 (2.89) Adjusted PAT 347.50 (14.72)Adjusted PAT (6.20) 9.81 (3.62) (22.91) (5.21) Reported PAT 347.50 (14.72)Reported PAT 3.71 (13.11) (20.74) 17.69 (3.41) OPM(%)  29.90 30.56 GPM(%)  25.00 25.78 NPM(%)  15.87 18.33 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 161 112 21.14 14.71Mr.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: 43
  • 44. Industry Pharmaceuticals Group Cipla Group Cipla Ltd 7045.37 Face Value 2 Capital Employed RANK: 38 No. Of Equity Share 8029.21 Price 295.4 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 23718.29 6429.64 14.58 24075.55 In US $ million 484.05 131.22 14.58 491.34 RANK in 50 Stocks 38 40 30 43 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 296712635 36.95Other Income 90.67 94.21 90.05 64.91 65.78 FII 108970923 13.57EBIDTA 1371.99 1475.14 1334.89 917.08 887.61 Mutual Funds and UTI 59255256 7.38EBIT 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 70760232 8.81Adjusted 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 24075.55 27247.56 21664.23 15656.48 16373.48 Annual TTMCapital Employed 7045.37 5910.19 5282.02 4327.38 3350.86 P/E 24.70 24.63Gross Block 3929.00 2895.44 2693.29 2201.79 1799.71 P/B 3.59 NACapital Work‐in‐progress  253.07 684.24 366.32 233.12 73.19 P/S 3.75 3.69Investment 570.28 265.10 81.32 94.75 117.80 EV/EBITDA 17.55 NA Dividend Yield 0.95 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 June  11 Growth(%)Book Value (Rs.)  82.36 73.66 55.97 48.32 41.63 Net Sales 6429.64 1.77Sales Per Share (Rs.)  78.70 69.82 67.34 54.08 45.83 Other Income 87.53 10.20Free Reserves Per Share (Rs.) 80.25 71.54 53.86 46.20 39.52 EBIDTA 1443.92 1.91 EBIT 1174.86 1.00 Ratio Analysis EBT 1165.59 0.65EBIDTAM(%) 21.71 26.32 25.50 21.82 24.92 Adjusted PAT 963.04 (0.42)EBITM(%) 18.09 23.37 22.60 18.71 22.02 Reported PAT 963.04 (0.42)APATM(%) 14.89 18.52 19.23 15.02 17.77 OPM(%)  22.46 22.43Adjusted Cash Margin (%)  18.52 21.47 22.13 18.13 20.68 GPM(%)  18.27 18.41ROCE (%) 13.63 18.30 14.71 16.21 19.94 NPM(%)  14.98 15.31Dividend payout Ratio 27.23 17.31 23.41 25.92 27.22 Latest Result (Half Yearly)Debt/Equity  0.06 0.00 0.21 0.15 0.03 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  1.61 1.94 1.94 1.91 1.98 Net Sales 3222.87 4.13Current Ratio 1.94 2.17 1.81 2.62 2.65 Other Income 46.04 37.89Quick Ratio  1.56 1.57 1.93 1.88 1.76 EBIDTA 666.33 (11.22)Inventory Turnover Ratio  3.73 4.18 3.79 3.83 3.74 EBIT 531.43 (15.89)Fin. Charges Cov.Ratio 126.22 52.13 25.56 50.81 79.53 EBT 526.69 (16.59)Exports of Total Sales (%) 54.08 54.54 56.55 53.65 52.36 Adjusted PAT 446.69 (14.17)Import  of Raw Mat.(%) 40.63 43.85 42.63 44.03 42.17 Reported PAT 446.69 (14.17) OPM(%)  20.68 24.25 GPM(%)  16.49 20.41 Rate of Growth NPM(%)  13.86 16.81 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 12.73 7.10 24.53 18.00 12.15 Net Sales 1591.42 (4.66)Other Income (3.76) 4.62 38.73 (1.32) 6.63 Other Income 24.85 22.11Total Operating Expenses 19.25 5.90 19.05 22.30 12.95 EBIDTA 394.39 22.31EBIDTA (6.99) 10.51 45.56 3.32 9.10 EBIT 324.14 28.21EBIT (12.73) 10.72 50.45 0.28 7.83 EBT 319.89 27.45EBT (11.65) 13.33 47.18 (0.61) 7.93 Adjusted PAT 253.34 18.38Adjusted PAT (9.33) 3.15 59.38 (0.27) 8.25 Reported PAT 253.34 18.38Reported PAT (11.20) 39.22 10.75 5.00 7.53 OPM(%)  24.78 19.32 GPM(%)  20.37 15.15 NPM(%)  15.92 12.82 Other Information Board of Directors (Top Three) 52 Week High LowName Designation Year High Price Low Price High P/E Low P/EDr.Y K Hamied Chairman and Managing director 2011 380.8 273.6 31.75 22.81Mr.M K Hamied Joint Managing Director 2010 380 300.1 31.77 25.09Dr.H R Manchanda Non Executive Director 2009 363 171.6 26.95 12.74 Key Executives (Top Three)Name DesignationMr.Mital Sanghvi Co.Secretary & Compl. Officer GOLD SPONSORNA NANA NA WWW.SWASTIKBUSINESSANALYTICS.COM Page: 44
  • 45. Industry Diversified Group Birlas (Aditya Vikram) Group Grasim Industries Ltd 8947.49 Face Value 10 Capital Employed RANK: 39 No. Of Equity Share 916.99 Price 2480.45 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 22745.48 5011.42 17.85 23544.58 In US $ million 464.19 102.27 17.85 480.50 RANK in 50 Stocks 39 43 21 44 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 23.35EBIDTA 1754.87 2952.85 2779.64 3302.64 2541.84 Mutual Funds and UTI 7211617 7.86EBIT 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 23544.58 22530.77 21889.30 24439.03 30341.96 Annual TTMCapital Employed 8947.49 8182.99 12869.17 11338.98 9177.71 P/E 19.25 17.01Gross Block 2983.88 3102.16 11031.19 7588.40 6770.97 P/B 2.80 NACapital Work‐in‐progress  100.96 42.98 1248.27 3026.31 1192.35 P/S 4.97 4.54Investment 6910.25 6324.79 4609.10 4080.79 4274.70 EV/EBITDA 13.42 NA Dividend Yield 0.81 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 EBIDTA 1990.61 4.20 EBIT 1833.40 5.15 Ratio Analysis EBT 1787.04 5.27EBIDTAM(%) 38.33 35.84 25.55 32.25 29.41 Adjusted PAT 1452.27 14.17EBITM(%) 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 40.43Adjusted Cash Margin (%)  27.75 25.04 18.73 21.81 20.12 GPM(%)  36.58 36.90ROCE (%) 13.21 25.57 12.81 18.06 16.73 NPM(%)  28.98 26.92Dividend payout Ratio 16.67 14.76 19.19 15.45 18.71 Latest Result (Half Yearly)Debt/Equity  0.10 0.14 0.35 0.39 0.47 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  1.54 2.66 0.98 1.35 1.28 Net Sales 2292.46 (15.69)Current Ratio 1.10 0.57 0.79 0.73 0.85 Other Income 251.08 99.90Quick Ratio  0.96 0.65 0.53 0.70 0.73 EBIDTA 960.08 (6.84)Inventory Turnover Ratio  13.86 25.79 13.10 19.40 17.75 EBIT 889.38 (5.79)Fin. Charges Cov.Ratio 38.49 24.53 19.56 30.87 22.73 EBT 868.10 (5.53)Exports of Total Sales (%) 18.46 8.98 4.74 3.77 3.24 Adjusted PAT 774.01 14.12Import  of Raw Mat.(%) 46.33 39.97 25.24 21.31 31.28 Reported PAT 658.97 (2.84) OPM(%)  41.88 37.90 GPM(%)  38.80 34.72 Rate of Growth NPM(%)  33.76 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) EBIDTA 506.19 11.52EBIDTA (40.57) 6.23 (15.84) 29.93 (7.14) EBIT 470.56 12.35EBIT (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 GPM(%)  37.69 40.12 NPM(%)  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: 45
  • 46. Industry Refineries Group Public SectorBharat Petroleum Corporation Ltd 33029.49 Face Value 10 Capital Employed RANK: 40 No. Of Equity Share 3615.42 Price 622.6 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 22509.60 163532.28 5.00 54911.19 In US $ million 459.38 3337.39 5.00 1120.64 RANK in 50 Stocks 40 2 46 24 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 7.43EBIDTA 4906.56 5164.20 6031.79 4133.94 4486.42 Mutual Funds and UTI 34619287 9.58EBIT 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 10273.54 Valuation RatioEnterprise Value 54911.19 62202.92 55956.85 40009.11 33675.40 Annual TTMCapital Employed 33029.49 35281.91 33299.52 26699.22 21102.78 P/E 14.55 32.02Gross Block 29334.23 25412.52 22522.33 21500.93 19457.58 P/B 1.60 NACapital Work‐in‐progress  1012.23 2517.75 2037.48 766.71 852.34 P/S 0.15 0.14Investment 11377.96 12201.32 16715.19 9358.01 7385.42 EV/EBITDA 11.19 NA Dividend Yield 2.25 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 June  11 Growth(%)Book Value (Rs.)  388.83 361.97 335.46 322.97 284.16 Net Sales 163532.28 7.85Sales Per Share (Rs.)  4172.08 3325.12 3708.38 3048.28 2670.69 Other Income 1781.28 6.36Free Reserves Per Share (Rs.) 350.71 323.90 316.74 312.56 273.74 EBIDTA 4516.94 (12.61) EBIT 2772.21 (21.10) Ratio Analysis EBT 1568.86 (34.97)EBIDTAM(%) 3.25 4.30 4.50 3.75 4.65 Adjusted PAT 702.89 (54.55)EBITM(%) 2.16 3.26 3.70 2.75 3.71 Reported PAT 702.89 (54.55)APATM(%) 0.91 1.74 1.89 1.23 2.23 OPM(%)  2.76 3.41Adjusted Cash Margin (%)  2.01 2.77 2.69 2.22 3.16 GPM(%)  1.70 2.32ROCE (%) 4.68 4.36 2.21 5.92 8.56 NPM(%)  0.43 1.02Dividend payout Ratio 37.32 37.65 38.66 9.72 37.12 Latest Result (Half Yearly)Debt/Equity  1.35 1.70 1.75 1.29 1.05 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  5.16 4.75 5.97 5.14 4.98 Net Sales 81957.90 17.64Current Ratio 0.71 0.72 0.49 0.73 0.61 Other Income 820.37 (3.99)Quick Ratio  0.50 0.67 0.66 0.61 0.45 EBIDTA 3233.75 67.11Inventory Turnover Ratio  10.76 11.09 21.91 11.64 12.58 EBIT 2380.98 110.25Fin. Charges Cov.Ratio 4.46 5.11 2.78 6.15 9.40 EBT 1790.53 187.81Exports of Total Sales (%) 8.20 8.56 4.89 6.75 5.78 Adjusted PAT 1122.56 164.68Import  of Raw Mat.(%) 74.90 72.07 72.72 70.99 72.14 Reported PAT 1122.56 164.68 OPM(%)  3.95 2.78 GPM(%)  2.91 1.63 Rate of Growth NPM(%)  1.37 0.61 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 25.47 (10.33) 21.65 14.14 9.33 Net Sales 46139.61 1.92Other Income (16.89) 12.63 51.70 27.89 12.68 Other Income 427.32 (16.22)Total Operating Expenses 26.21 (9.88) 20.99 15.31 9.68 EBIDTA (1736.90) (179.87)EBIDTA (4.99) (14.38) 45.91 (7.86) 1.81 EBIT (2226.97) (231.63)EBIT (17.10) (20.87) 63.26 (15.26) (1.92) EBT (2561.89) (286.16)EBT (26.13) 4.34 18.05 (23.89) (7.08) Adjusted PAT (2561.89) (373.95)Adjusted PAT (34.16) (17.46) 86.87 (37.05) (8.56) Reported PAT (2561.89) (373.95)Reported PAT 0.59 108.94 (53.44) (12.46) (3.05) OPM(%)  (3.76) 4.80 GPM(%)  (4.83) 3.74 NPM(%)  (5.55) 2.07 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 712.5 530 36.65 27.26Mr.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: 46
  • 47. Industry Cement Group ACC Group ACC Ltd 6993.31 Face Value 10 Capital Employed RANK: 41 No. Of Equity Share 1877.45 Price 1195.05 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 22436.47 8633.76 16.12 20572.70 In US $ million 457.89 176.20 16.12 419.85 RANK in 50 Stocks 41 35 25 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 16.19EBIDTA 1844.36 2699.28 1994.87 2083.67 1762.05 Mutual Funds and UTI 3552398 1.89EBIT 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 20572.70 17031.14 12608.32 12874.85 18830.57 Annual TTMCapital Employed 6993.31 6583.14 5409.76 4459.12 3914.08 P/E 20.03 21.51Gross Block 8076.95 6826.27 5835.67 5464.07 4816.25 P/B 3.47 NACapital Work‐in‐progress  1562.80 2156.21 1602.86 649.19 558.42 P/S 2.93 2.60Investment 1702.67 1475.64 679.08 844.81 543.09 EV/EBITDA 11.15 NA Dividend Yield 2.55 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 June  11 Growth(%)Book Value (Rs.)  344.21 320.11 262.28 221.09 167.64 Net Sales 8633.76 4.49Sales Per Share (Rs.)  407.35 427.27 385.22 367.48 306.06 Other Income 142.56 25.48Free Reserves Per Share (Rs.) 327.36 304.59 247.26 206.60 144.12 EBIDTA 1863.65 0.79 EBIT 1432.33 (0.35) Ratio Analysis EBT 1349.97 (1.32)EBIDTAM(%) 24.12 33.65 27.59 30.22 30.74 Adjusted PAT 1043.20 (2.10)EBITM(%) 18.98 29.39 23.52 25.77 26.19 Reported PAT 1043.20 (2.10)APATM(%) 12.69 19.75 15.71 17.57 18.44 OPM(%)  21.59 22.38Adjusted Cash Margin (%)  17.83 24.01 19.78 22.02 22.99 GPM(%)  16.59 17.39ROCE (%) 16.02 24.41 22.42 32.26 31.47 NPM(%)  12.08 12.90Dividend payout Ratio 59.61 31.43 36.20 30.49 26.00 Latest Result (Half Yearly)Debt/Equity  0.08 0.09 0.09 0.07 0.24 Half Year End June  11 Growth(%)Fixed Assets Turnover Ratio  0.95 1.19 1.25 1.26 1.19 Net Sales 4856.42 28.57Current Ratio 0.68 0.66 0.89 0.85 0.77 Other Income 88.75 64.96Quick Ratio  0.42 0.41 0.60 0.55 0.60 EBIDTA 1248.54 102.98Inventory Turnover Ratio  19.04 25.22 27.51 24.85 22.40 EBIT 1020.21 147.55Fin. Charges Cov.Ratio 32.48 32.02 49.92 28.21 23.43 EBT 967.81 153.24Exports of Total Sales (%) 0.67 0.69 0.99 1.29 1.20 Adjusted PAT 687.25 93.07Import  of Raw Mat.(%) 13.74 15.72 9.83 6.49 3.00 Reported PAT 687.25 93.07 OPM(%)  25.71 16.28 GPM(%)  21.01 10.91 Rate of Growth NPM(%)  14.15 9.42 Latest Result (Quarterly) December  10 December  09 December  08 December  07 5 Year CAGR Quarter End June  11 Growth(%)Net Sales (4.66) 10.95 4.86 20.29 5.94 Net Sales 2432.88 0.39Other Income 51.08 (35.64) 48.76 58.80 18.09 Other Income 47.21 13.62Total Operating Expenses 10.09 0.22 9.96 22.03 8.16 EBIDTA 627.37 1.00EBIDTA (31.67) 35.31 (4.26) 18.25 0.92 EBIT 511.55 0.57EBIT (38.41) 38.60 (4.28) 18.35 (0.67) EBT 484.45 0.23EBT (38.63) 36.86 (2.47) 19.41 (0.44) Adjusted PAT 336.58 (4.02)Adjusted PAT (38.71) 39.42 (6.19) 14.59 (1.69) Reported PAT 336.58 (4.02)Reported PAT (30.29) 32.48 (15.70) 16.78 (1.89) OPM(%)  25.79 25.63 GPM(%)  21.03 20.99 NPM(%)  13.83 14.47 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 1229.65 917 22.13 16.5Mr.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: 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 502.05 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 21138.36 4660.25 0.17 25237.25 In US $ million 431.40 95.11 0.17 515.05 RANK in 50 Stocks 42 45 48 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 276044473 65.49Other Income 170.21 98.13 91.28 17.18 30.33 FII 37344094 8.86EBIDTA 1432.63 749.57 342.41 417.15 662.39 Mutual Funds and UTI 9228575 2.19EBIT 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 12120349 2.88Adjusted 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 5132.40 4134.60 3716.77 2538.40 2350.01 Valuation RatioEnterprise Value 25237.25 24071.17 15904.73 17843.35 17939.87 Annual TTMCapital Employed 9393.12 7482.98 7442.14 6041.43 5528.61 P/E 18.40 56.45Gross Block 2857.63 2620.92 2386.75 2261.48 2133.57 P/B 4.12 NACapital Work‐in‐progress  330.18 414.92 428.77 327.42 301.88 P/S 3.74 4.54Investment 3804.44 3833.69 3618.03 3237.55 2679.95 EV/EBITDA 17.62 NA Dividend Yield 0.40 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 June  11 Growth(%)Book Value (Rs.)  121.90 98.35 88.42 68.04 63.06 Net Sales 4660.25 3.53Sales Per Share (Rs.)  134.10 113.73 110.67 115.07 111.76 Other Income 224.38 (22.88)Free Reserves Per Share (Rs.) 112.02 88.90 80.80 62.52 57.48 EBIDTA 188.06 (27.58) EBIT (15.60) (126.59) Ratio Analysis EBT 26.01 (406.36)EBIDTAM(%) 25.37 15.68 7.36 9.72 15.90 Adjusted PAT 8.65 (126.60)EBITM(%) 21.33 12.58 4.04 6.95 13.34 Reported PAT 374.49 67.15APATM(%) 13.01 1.53 13.25 1.13 10.44 OPM(%)  4.04 5.77Adjusted Cash Margin (%)  17.05 4.63 16.57 3.89 13.00 GPM(%)  (0.33) 1.30ROCE (%) 12.23 7.64 (14.04) 10.22 6.88 NPM(%)  0.19 (0.72)Dividend payout Ratio 8.54 0.00 0.00 60.06 94.95 Latest Result (Half Yearly)Debt/Equity  0.83 0.84 1.05 1.38 1.35 Half Year End June  11 Growth(%)Fixed Assets Turnover Ratio  2.13 2.00 2.14 2.08 2.12 Net Sales 2377.34 (9.27)Current Ratio 1.40 1.18 1.16 0.83 0.96 Other Income 125.36 (50.34)Quick Ratio  1.60 0.88 0.86 0.96 1.03 EBIDTA 98.94 (81.99)Inventory Turnover Ratio  3.95 4.05 4.07 4.67 4.66 EBIT 5.70 (98.70)Fin. Charges Cov.Ratio 26.44 18.99 2.35 4.46 11.33 EBT (21.94) (105.26)Exports of Total Sales (%) 67.06 65.59 61.34 61.98 66.16 Adjusted PAT (16.32) (104.14)Import  of Raw Mat.(%) 50.65 65.79 51.56 51.63 55.17 Reported PAT 97.46 (64.82) OPM(%)  4.16 20.97 GPM(%)  0.24 16.76 Rate of Growth NPM(%)  (0.69) 15.03 Latest Result (Quarterly) December  10 December  09 December  08 December  07 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 18.09 2.78 8.36 3.07 6.27 Net Sales 1282.02 16.99Other Income 73.45 7.50 431.32 (43.36) 41.20 Other Income 44.74 (44.51)Total Operating Expenses 6.15 (6.15) 13.05 10.19 4.41 EBIDTA 113.35 326.13EBIDTA 91.13 118.91 (17.92) (37.02) 16.68 EBIT 66.37 (437.59)EBIT 100.26 219.98 (37.02) (46.29) 16.73 EBT 51.54 (193.66)EBT 104.68 1234.05 (79.45) (58.77) 18.26 Adjusted PAT 57.02 (203.90)Adjusted PAT 905.75 (88.15) 1176.11 (88.89) 11.06 Reported PAT 150.37 (384.25)Reported PAT 100.83 154.75 (269.14) 62.33 24.73 OPM(%)  8.84 2.43 GPM(%)  5.18 (1.79) NPM(%)  4.45 (5.01) 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 611.75 414 68.78 46.55Mr.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 Finance ‐ Term Lending Institutions Group Public Sector IDFC Ltd 47367.42 Face Value 10 Capital Employed RANK: 43 No. Of Equity Share 14609.48 Price 132.5 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 19357.56 4851.36 10.31 54704.24 In US $ million 395.05 99.01 10.31 1116.41 RANK in 50 Stocks 43 44 37 25 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 47.21EBIDTA 3948.55 2885.16 3056.01 2356.64 1433.76 Mutual Funds and UTI 60112779 4.11EBIT 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 10230.15 6823.11 6029.20 5454.38 2882.03 Valuation RatioEnterprise Value 54704.24 49873.36 37430.77 38803.71 31090.48 Annual TTMCapital Employed 47367.42 33345.99 29618.73 27742.88 17771.02 P/E 15.55 18.35Gross Block 441.67 433.26 437.71 76.94 76.80 P/B 1.75 NACapital Work‐in‐progress  0.64 4.63 4.01 291.36 0.00 P/S 4.53 3.99Investment 8107.42 5778.84 7578.39 5517.51 2497.61 EV/EBITDA 13.85 NA Dividend Yield 1.51 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 June  11 Growth(%)Book Value (Rs.)  75.77 52.46 46.55 42.14 25.60 Net Sales 4851.36 6.72Sales Per Share (Rs.)  29.24 24.18 25.58 19.50 13.33 Other Income 22.59 (1.48)Free Reserves Per Share (Rs.) 43.17 28.06 25.51 23.46 8.16 EBIDTA 4461.01 7.50 EBIT 4195.93 8.16 Ratio Analysis EBT 1540.60 3.19EBIDTAM(%) 92.43 91.75 92.24 93.38 95.55 Adjusted PAT 1054.80 1.46EBITM(%) 91.67 90.70 91.63 93.20 95.28 Reported PAT 1054.80 1.46APATM(%) 25.93 19.20 23.53 27.67 31.05 OPM(%)  91.95 91.28Adjusted Cash Margin (%)  26.69 20.25 24.14 27.86 31.33 GPM(%)  86.49 85.34ROCE (%) 2.70 3.04 2.48 2.41 2.60 NPM(%)  21.74 22.87Dividend payout Ratio 27.11 21.45 23.80 27.19 28.53 Latest Result (Half Yearly)Debt/Equity  3.63 3.89 3.91 4.09 5.17 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  9.93 7.38 7.64 34.36 20.20 Net Sales 2460.44 17.98Current Ratio 8.47 6.97 5.50 6.80 8.07 Other Income 11.21 (4.35)Quick Ratio  24.78 28.18 26.79 25.71 31.07 EBIDTA 2381.36 18.72Inventory Turnover Ratio  0.00 0.00 0.00 0.00 0.00 EBIT 2221.02 17.14Fin. Charges Cov.Ratio 1.68 1.48 1.51 1.63 1.68 EBT 887.88 5.38Exports of Total Sales (%) 0.02 0.00 0.00 0.04 0.17 Adjusted PAT 650.78 3.90Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 650.78 3.90 OPM(%)  96.79 96.18 GPM(%)  90.27 90.91 Rate of Growth NPM(%)  26.45 30.03 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 35.84 (5.09) 31.29 68.18 23.27 Net Sales 1297.01 (0.10)Other Income (48.58) 89.34 (25.71) 97.11 7.35 Other Income 5.09 (1.17)Total Operating Expenses 20.71 3.44 49.41 146.26 35.66 EBIDTA 1258.88 0.16EBIDTA 36.86 (5.59) 29.68 64.37 22.46 EBIT 1211.81 5.05EBIT 37.29 (6.04) 29.08 64.51 22.33 EBT 458.18 (2.52)EBT 71.86 (9.98) 11.79 57.04 22.12 Adjusted PAT 329.78 (4.84)Adjusted PAT 83.41 (22.56) 11.65 49.88 18.90 Reported PAT 329.78 (4.84)Reported PAT 26.10 37.63 9.98 44.57 22.51 OPM(%)  97.06 96.81 GPM(%)  93.43 88.85 NPM(%)  25.43 26.69 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 185.65 103.2 25.71 14.29Mr.Deepak S Parekh Chairman / Chair Person 2010 218.2 141.35 25.61 16.59Mr.Shardul Shroff 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: 49
  • 50. Industry Mining/Minerals Group MNC Associate Sesa Goa Ltd 12560.13 Face Value 1 Capital Employed RANK: 44 No. Of Equity Share 8691.01 Price 207.35 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 18020.81 6868.87 23.43 18813.80 In US $ million 367.77 140.18 23.43 383.96 RANK in 50 Stocks 44 39 12 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 23.8EBIDTA 5154.55 3211.79 3357.62 2566.20 1207.82 Mutual Funds and UTI 10560402 1.22EBIT 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 18813.80 34364.24 19105.49 8744.89 10496.40 Annual TTMCapital Employed 12560.13 9134.51 4519.69 2791.13 1506.36 P/E 5.25 6.64Gross Block 1214.55 836.80 739.27 637.82 596.78 P/B 1.56 NACapital Work‐in‐progress  654.15 68.01 48.19 15.85 15.94 P/S 2.19 2.62Investment 9463.81 5478.64 3019.68 2000.44 867.81 EV/EBITDA 3.65 NA Dividend Yield 1.69 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 EBIDTA 4032.34 (6.87) EBIT 3936.15 (7.14) Ratio Analysis EBT 3809.49 (8.18)EBIDTAM(%) 62.69 60.57 66.16 71.85 59.88 Adjusted PAT 2715.49 (10.79)EBITM(%) 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 62.95Adjusted Cash Margin (%)  42.38 36.91 41.79 42.10 31.42 GPM(%)  57.30 61.62ROCE (%) 27.33 23.19 42.98 53.46 40.26 NPM(%)  39.53 44.25Dividend payout Ratio 10.67 14.91 10.66 13.88 30.08 Latest Result (Half Yearly)Debt/Equity  0.08 0.26 0.00 0.00 0.00 Half Year End September  11 Growth(%)Fixed Assets Turnover Ratio  6.86 6.34 6.86 5.60 3.38 Net Sales 2455.01 (44.38)Current Ratio 2.01 3.63 2.60 1.95 1.82 Other Income 174.40 (38.93)Quick Ratio  1.62 3.33 2.22 1.27 0.93 EBIDTA 1100.64 (62.46)Inventory Turnover Ratio  13.92 14.18 25.66 15.38 8.95 EBIT 1059.08 (63.19)Fin. Charges Cov.Ratio 7.19 4.50 6.12 8.08 4.30 EBT 959.19 (66.35)Exports of Total Sales (%) 76.39 76.11 80.45 79.87 69.16 Adjusted PAT 661.19 (67.81)Import  of Raw Mat.(%) 57.58 61.05 60.98 61.69 63.49 Reported PAT 661.19 (67.81) OPM(%)  44.83 66.42 GPM(%)  43.14 65.18 Rate of Growth NPM(%)  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 EBIDTA 53.38 (94.90)EBIDTA 60.49 (4.34) 30.84 112.47 33.67 EBIT 33.90 (96.69)EBIT 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 GPM(%)  4.48 60.36 NPM(%)  (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.Ashok Kini Director 2011 346 189.25 11.07 6.06Mr.Jagdish P Singh Director 2010 494.3 287 12.51 7.27Mr.Gurudas D Kamat 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: 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 79.85 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 16481.26 11787.20 (1.13) 44120.79 In US $ million 336.35 240.56 (1.13) 900.42 RANK in 50 Stocks 45 30 50 33 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 1412536137 68.44Other Income 707.18 797.98 675.12 28.68 169.61 FII 163365444 7.91EBIDTA 2417.65 2991.41 5905.05 6201.97 5682.62 Mutual Funds and UTI 15776320 0.76EBIT 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 58965461 2.86Adjusted 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 44120.79 57884.94 80663.24 122531.43 135770.62 Annual TTMCapital Employed 79597.22 74977.17 82593.93 45126.46 35093.38 P/E NA NAGross Block 40904.17 39838.17 37941.15 21576.32 20625.82 P/B 0.34 NACapital Work‐in‐progress  9907.66 1683.52 3643.86 7117.56 2185.60 P/S 1.24 1.40Investment 32102.13 31898.60 31364.75 13844.14 5434.43 EV/EBITDA 18.25 NA Dividend Yield 0.63 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 June  11 Growth(%)Book Value (Rs.)  233.26 244.66 250.44 120.35 100.39 Net Sales 11787.20 (2.82)Sales Per Share (Rs.)  64.48 65.67 73.09 71.67 62.39 Other Income 494.91 2.20Free Reserves Per Share (Rs.) 221.62 233.03 239.16 109.11 95.39 EBIDTA 1090.77 20.38 EBIT (469.46) (31.78) Ratio Analysis EBT (647.43) (25.26)EBIDTAM(%) 18.17 22.07 39.14 41.93 44.55 Adjusted PAT (545.91) (28.61)EBITM(%) 6.19 10.92 26.32 29.46 30.15 Reported PAT (539.18) (28.87)APATM(%) (9.09) (8.69) 8.81 14.16 18.40 OPM(%)  9.25 7.47Adjusted Cash Margin (%)  2.89 2.46 21.63 26.62 32.79 GPM(%)  (3.98) (5.67)ROCE (%) (0.95) 0.64 5.81 5.73 6.86 NPM(%)  (4.63) (6.30)Dividend payout Ratio 0.00 42.71 4.02 7.00 4.96 Latest Result (Half Yearly)Debt/Equity  0.65 0.48 0.59 0.81 0.70 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  0.58 0.62 0.76 0.77 0.69 Net Sales 5870.67 (6.21)Current Ratio 0.96 1.37 1.45 0.95 1.77 Other Income 467.81 2745.56Quick Ratio  1.81 2.14 2.70 1.63 1.86 EBIDTA 774.90 490.44Inventory Turnover Ratio  39.63 41.20 0.00 0.00 0.00 EBIT (42.55) (93.41)Fin. Charges Cov.Ratio 2.83 2.39 5.12 7.13 12.45 EBT 101.04 (110.45)Exports of Total Sales (%) 7.00 6.26 9.23 8.88 13.23 Adjusted PAT 202.56 (120.94)Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 209.29 (121.64) OPM(%)  13.20 2.10 GPM(%)  (0.72) (10.31) Rate of Growth NPM(%)  3.45 (15.45) Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales (1.81) (10.16) 1.99 15.96 0.85 Net Sales 2835.00 (2.03)Other Income (11.38) 18.20 2253.97 (83.09) 33.05 Other Income 19.00 (94.56)Total Operating Expenses 2.09 15.26 14.36 18.99 9.87 EBIDTA 311.00 (61.40)EBIDTA (19.18) (49.34) (4.79) 9.14 (15.71) EBIT (61.00) (115.88)EBIT (44.37) (62.73) (8.87) 13.31 (26.53) EBT (272.00) (158.37)EBT (113.39) (91.97) (19.21) 2.90 (138.93) Adjusted PAT (272.00) (147.93)Adjusted PAT (2.64) (188.61) (36.52) (10.74) (187.58) Reported PAT (272.00) (147.37)Reported PAT (258.27) (90.03) 85.69 7.37 (179.35) OPM(%)  10.97 27.84 GPM(%)  (2.15) 13.27 NPM(%)  (9.59) 19.61 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 70.45 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 Construction & Contracting Group Jaypee Group Jaiprakash Associates Ltd 31105.01 Face Value 2 Capital Employed RANK: 46 No. Of Equity Share 21264.33 Price 77.45 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 16469.22 13179.95 7.89 35714.33 In US $ million 336.11 268.98 7.89 728.86 RANK in 50 Stocks 46 29 42 34 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 12939.14 10066.57 5768.76 3978.37 3468.16 Promoter 996934864 46.88Other Income 866.83 274.30 395.53 268.32 105.22 FII 395275136 18.59EBIDTA 3755.66 2696.51 2159.92 1427.38 1096.08 Mutual Funds and UTI 149406801 7.03EBIT 3147.85 2236.05 1850.62 1223.77 932.72 Banks and Insurance 124157426 5.84EBT 1753.67 1077.77 1265.87 840.07 634.76 Other Investors 170883822 8.04Adjusted PAT 1152.85 404.46 911.90 606.39 429.75 General Public 289775133 13.63Reported PAT 1167.78 1708.36 897.01 609.67 414.90 GRAND TOTAL 2126433182 100Net Worth 9397.37 8196.80 6390.70 4289.87 2564.09 Valuation RatioEnterprise Value 35714.33 42144.95 29640.90 39048.66 31922.56 Annual TTMCapital Employed 31105.01 25963.28 19404.51 12524.15 7995.15 P/E 14.11 21.75Gross Block 14796.41 12847.14 8619.22 5166.24 4201.93 P/B 1.75 NACapital Work‐in‐progress  6352.68 5247.69 5763.37 4545.18 2228.13 P/S 1.27 1.25Investment 6483.75 5576.26 4465.20 3224.83 1778.74 EV/EBITDA 9.51 NA Dividend Yield 1.03 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 June  11 Growth(%)Book Value (Rs.)  44.19 40.01 56.58 39.25 131.04 Net Sales 13179.95 (0.28)Sales Per Share (Rs.)  60.85 47.38 48.73 33.96 158.19 Other Income 105.69 2.03Free Reserves Per Share (Rs.) 0.00 29.81 43.68 28.65 93.78 EBIDTA 3334.91 2.85 EBIT 2705.21 2.69 Ratio Analysis EBT 1212.57 (2.23)EBIDTAM(%) 29.03 26.79 37.44 35.88 31.60 Adjusted PAT 741.73 16.25EBITM(%) 24.33 22.21 32.08 30.76 26.89 Reported PAT 757.17 (35.07)APATM(%) 8.91 4.02 15.81 15.24 12.39 OPM(%)  25.30 24.53Adjusted Cash Margin (%)  13.61 8.59 21.17 20.36 17.10 GPM(%)  20.53 19.93ROCE (%) 3.75 6.58 4.62 4.87 5.19 NPM(%)  5.63 4.83Dividend payout Ratio 15.74 13.01 15.90 21.99 21.91 Latest Result (Half Yearly)Debt/Equity  2.31 2.17 2.10 2.12 2.12 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  0.87 0.78 0.67 0.77 0.82 Net Sales 6930.88 10.26Current Ratio 1.92 1.32 1.13 1.09 1.22 Other Income 96.29 1219.04Quick Ratio  1.44 1.47 1.24 1.08 1.03 EBIDTA 1793.68 23.81Inventory Turnover Ratio  4.12 11.15 7.75 6.83 3.83 EBIT 1488.86 29.96Fin. Charges Cov.Ratio 2.69 2.33 3.69 3.72 3.68 EBT 745.93 50.91Exports of Total Sales (%) 0.27 0.40 1.20 1.85 1.27 Adjusted PAT 535.83 360.81Import  of Raw Mat.(%) 6.94 70.38 7.93 7.28 3.60 Reported PAT 534.61 (15.34) OPM(%)  25.88 23.05 GPM(%)  21.48 18.23 Rate of Growth NPM(%)  7.73 1.85 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 28.54 74.50 45.00 14.71 30.13 Net Sales 3177.85 (20.20)Other Income 216.02 (30.65) 47.41 155.01 52.46 Other Income 5.41 (94.14)Total Operating Expenses 31.47 90.90 42.03 13.81 32.32 EBIDTA 778.21 (17.50)EBIDTA 39.28 24.84 51.32 30.23 27.93 EBIT 606.11 (23.54)EBIT 40.78 20.83 51.22 31.20 27.54 EBT 179.75 (53.67)EBT 62.71 (14.86) 50.69 32.34 22.54 Adjusted PAT 107.21 (62.80)Adjusted PAT 185.03 (55.65) 50.38 41.10 21.82 Reported PAT 107.04 (64.55)Reported PAT (31.64) 90.45 47.13 46.94 22.99 OPM(%)  24.49 23.69 GPM(%)  19.07 19.91 NPM(%)  3.37 7.24 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 31.05 15.29Mr.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: 52
  • 53. Industry Engineering ‐ Heavy Group Public Sector Bharat Heavy Electricals Ltd 20317.19 Face Value 2 Capital Employed RANK: 47 No. Of Equity Share 4895.20 Price 317.8 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 15556.95 43165.93 30.16 6090.15 In US $ million 317.49 880.94 30.16 124.29 RANK in 50 Stocks 47 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 12.87EBIDTA 9466.08 7097.41 5171.49 4814.98 4048.05 Mutual Funds and UTI 31745847 6.49EBIT 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 6090.15 106721.05 82843.50 82647.08 45998.21 Annual TTMCapital Employed 20317.19 16045.11 13088.18 10869.39 8877.59 P/E 2.59 2.53Gross Block 8049.30 6579.70 5224.43 4443.03 4134.61 P/B 0.77 NACapital Work‐in‐progress  1762.62 1550.49 1212.70 658.47 306.58 P/S 0.37 0.36Investment 439.17 79.84 52.34 8.29 8.29 EV/EBITDA 0.64 NA Dividend Yield 9.80 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 June  11 Growth(%)Book Value (Rs.)  411.71 325.16 264.32 220.10 359.06 Net Sales 43165.93 1.58Sales Per Share (Rs.)  858.45 678.75 543.68 399.19 709.38 Other Income 727.01 13.27Free Reserves Per Share (Rs.) 401.65 315.11 254.23 209.99 348.80 EBIDTA 9837.93 2.43 EBIT 9249.79 2.09 Ratio Analysis EBT 9190.09 2.05EBIDTAM(%) 22.53 21.36 19.43 24.64 23.31 Adjusted PAT 6077.61 2.49EBITM(%) 21.39 19.98 18.18 23.12 21.91 Reported PAT 6159.06 2.46APATM(%) 13.92 12.88 11.30 14.93 14.10 OPM(%)  22.79 22.60Adjusted Cash Margin (%)  15.05 14.26 12.56 16.45 15.51 GPM(%)  21.43 21.32ROCE (%) 29.59 26.87 23.98 26.31 27.20 NPM(%)  14.08 13.95Dividend payout Ratio 29.52 30.90 31.02 30.54 28.67 Latest Result (Half Yearly)Debt/Equity  0.01 0.01 0.01 0.01 0.01 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  5.31 5.15 5.20 4.48 4.27 Net Sales 27403.82 81.58Current Ratio 1.32 1.37 1.36 1.38 1.43 Other Income 316.37 (2.79)Quick Ratio  1.03 1.04 1.02 1.09 1.13 EBIDTA 6681.67 128.60Inventory Turnover Ratio  4.11 3.77 3.70 3.88 4.64 EBIT 6398.54 140.38Fin. Charges Cov.Ratio 172.96 211.86 168.40 135.94 93.42 EBT 6353.57 139.57Exports of Total Sales (%) 2.90 4.71 6.70 4.80 6.31 Adjusted PAT 4123.59 128.31Import  of Raw Mat.(%) 31.26 35.15 27.81 27.73 30.94 Reported PAT 4201.27 132.12 OPM(%)  24.38 19.37 GPM(%)  23.35 17.64 Rate of Growth NPM(%)  15.05 11.97 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 26.47 24.84 36.20 12.55 19.34 Net Sales 7271.46 (60.44)Other Income (15.41) 11.28 (7.38) 112.46 13.12 Other Income 248.65 52.14Total Operating Expenses 22.98 21.39 42.03 14.31 19.37 EBIDTA 1361.88 (69.44)EBIDTA 33.37 37.24 7.40 18.95 18.52 EBIT 1190.97 (72.42)EBIT 35.41 37.26 7.07 18.78 18.77 EBT 1182.17 (72.43)EBT 35.27 37.44 7.23 19.21 18.90 Adjusted PAT 815.51 (70.02)Adjusted PAT 36.64 42.31 3.08 19.12 19.01 Reported PAT 815.51 (70.85)Reported PAT 39.45 37.36 9.75 18.41 20.01 OPM(%)  18.73 24.25 GPM(%)  16.38 23.50 NPM(%)  11.22 14.80 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 310.5 18.69 2.47Mr.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: 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 198.45 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 12593.91 49522.09 9.49 27140.52 In US $ million 257.02 1010.65 9.49 553.89 RANK in 50 Stocks 48 6 39 39 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 1440888320 53.53Other Income 420.69 402.27 841.54 359.42 887.23 FII 590151056 21.93EBIDTA 5126.41 4435.10 2564.64 3389.94 3473.74 Mutual Funds and UTI 51964947 1.93EBIT 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 47789319 1.78Adjusted 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 27140.52 73721.43 35817.17 21969.35 33837.92 Annual TTMCapital Employed 35887.86 31405.06 25534.76 14094.51 10852.94 P/E 6.95 6.93Gross Block 21883.32 18416.81 13905.17 10830.83 8775.80 P/B 0.63 NACapital Work‐in‐progress  4058.56 5232.15 6954.04 5064.96 2513.32 P/S 0.26 0.25Investment 22624.21 22336.90 12968.13 4910.27 2477.00 EV/EBITDA 5.29 NA Dividend Yield 10.08 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 June  11 Growth(%)Book Value (Rs.)  315.34 259.44 241.11 203.34 178.25 Net Sales 49522.09 3.08Sales Per Share (Rs.)  755.69 619.98 499.23 746.24 691.91 Other Income 229.48 25.22Free Reserves Per Share (Rs.) 287.53 229.67 217.77 182.38 157.16 EBIDTA 4705.50 (2.95) EBIT 3286.96 (5.75) Ratio Analysis EBT 2203.83 (5.97)EBIDTAM(%) 10.69 12.54 9.99 11.78 13.03 Adjusted PAT 1896.08 (3.21)EBITM(%) 7.63 9.21 6.39 9.29 10.51 Reported PAT 1817.38 0.31APATM(%) 3.94 4.02 3.59 5.75 6.32 OPM(%)  9.50 10.09Adjusted Cash Margin (%)  7.00 7.35 7.20 8.24 8.84 GPM(%)  6.64 7.26ROCE (%) 5.05 7.13 3.92 14.40 17.63 NPM(%)  3.83 4.08Dividend payout Ratio 80.96 44.28 34.52 32.51 35.34 Latest Result (Half Yearly)Debt/Equity  0.79 1.12 1.06 0.80 0.58 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  2.22 1.95 1.88 2.69 3.08 Net Sales 26120.13 19.16Current Ratio 0.52 0.44 0.43 0.64 0.85 Other Income 36.44 (75.18)Quick Ratio  0.53 0.43 0.58 0.66 0.91 EBIDTA 2451.20 2.25Inventory Turnover Ratio  13.86 13.50 13.47 14.44 13.26 EBIT 1729.44 (1.64)Fin. Charges Cov.Ratio 3.70 3.56 3.64 7.19 7.62 EBT 1206.62 6.12Exports of Total Sales (%) 7.00 8.61 9.49 9.88 10.18 Adjusted PAT 1068.32 19.95Import  of Raw Mat.(%) 5.90 5.94 5.82 4.60 3.88 Reported PAT 983.40 18.71 OPM(%)  9.38 10.94 GPM(%)  6.62 8.02 Rate of Growth NPM(%)  4.09 4.06 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales 35.57 37.85 (10.80) 7.89 12.46 Net Sales 11897.89 (18.51)Other Income 4.58 (52.20) 134.14 (59.49) (13.86) Other Income 115.52 272.28Total Operating Expenses 38.01 30.93 (6.99) 6.89 12.43 EBIDTA 1082.11 (15.30)EBIDTA 15.59 72.93 (24.35) (2.41) 8.09 EBIT 716.97 (19.70)EBIT 12.35 98.74 (38.69) (4.61) 5.48 EBT 463.82 (28.08)EBT 13.16 115.30 (57.58) (6.18) (0.61) Adjusted PAT 398.84 (36.47)Adjusted PAT 33.03 54.26 (44.29) (1.91) 2.32 Reported PAT 401.28 (30.01)Reported PAT (19.12) 123.73 (50.65) 6.03 (1.09) OPM(%)  9.09 8.75 GPM(%)  6.03 6.12 NPM(%)  3.35 4.30 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 46.59 4.81Mr.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 21636.8 Face Value 10 Capital Employed RANK: 49 No. Of Equity Share 2674.70 Price 464.3 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 12418.63 11047.26 7.16 16016.87 In US $ million 253.44 225.45 7.16 326.87 RANK in 50 Stocks 49 32 44 48 Financial Performance (Annual) Share Holding Information Year End March  11 March  10 March  09 March  08 March  07 Shares (%)Net Sales 9403.25 9807.43 9640.16 6331.50 5752.47 Promoter 129202763 49Other Income 863.19 959.60 971.07 738.58 695.22 FII 39634398 15.03EBIDTA 1690.91 1834.73 1405.47 1276.14 1192.33 Mutual Funds and UTI 7531775 2.86EBIT 1377.50 1514.89 1160.59 1053.20 952.27 Banks and Insurance 47837763 18.14EBT 1135.05 1222.68 830.09 744.44 701.95 Other Investors 9413296 3.57Adjusted PAT 966.58 979.39 703.20 584.07 579.88 General Public 30050267 11.4Reported PAT 1080.91 1151.69 1138.88 1084.63 801.45 GRAND TOTAL 263670262 100Net Worth 17667.51 14616.35 11317.70 11043.27 8641.31 Valuation RatioEnterprise Value 16016.87 28009.30 27793.44 40231.77 34273.43 Annual TTMCapital Employed 21636.80 18731.25 18649.88 16052.31 14499.63 P/E 11.49 9.82Gross Block 6205.97 7428.27 6922.69 6396.14 5898.36 P/B 0.70 NACapital Work‐in‐progress  649.25 602.27 564.42 568.92 288.49 P/S 1.32 1.12Investment 12584.08 10019.57 12147.10 7664.36 2511.88 EV/EBITDA 9.47 NA Dividend Yield 1.55 NAEPS (Rs.)  40.41 47.03 50.39 45.86 35.07Cash EPS (Rs.)  52.13 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 June  11 Growth(%)Book Value (Rs.)  660.54 618.66 526.71 496.01 408.59 Net Sales 11047.26 14.90Sales Per Share (Rs.)  351.56 400.52 426.51 267.68 251.72 Other Income 442.02 (13.87)Free Reserves Per Share (Rs.) 0.00 478.82 396.63 369.71 339.74 EBIDTA 2062.43 21.97 EBIT 1756.95 27.55 Ratio Analysis EBT 1518.84 33.81EBIDTAM(%) 17.98 18.71 14.58 20.16 20.73 Adjusted PAT 1265.15 17.04EBITM(%) 14.65 15.45 12.04 16.63 16.55 Reported PAT 1265.15 17.04APATM(%) 10.28 9.99 7.29 9.22 10.08 OPM(%)  18.67 17.59Adjusted Cash Margin (%)  13.61 13.25 9.83 12.75 14.25 GPM(%)  15.90 14.33ROCE (%) 5.00 6.15 6.11 6.76 5.53 NPM(%)  11.45 11.24Dividend payout Ratio 20.56 15.94 16.19 15.93 17.68 Latest Result (Half Yearly)Debt/Equity  0.22 0.29 0.69 0.48 0.67 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  1.52 1.33 1.40 0.99 0.97 Net Sales 4937.45 5.57Current Ratio 1.16 1.26 0.74 1.06 1.51 Other Income 383.55 195.86Quick Ratio  1.14 1.66 1.45 2.37 3.82 EBIDTA 881.60 8.93Inventory Turnover Ratio  32.39 59.45 55.96 40.26 32.87 EBIT 737.59 15.26Fin. Charges Cov.Ratio 6.97 6.28 4.25 4.13 4.76 EBT 616.49 18.88Exports of Total Sales (%) 1.23 0.43 0.96 0.01 0.00 Adjusted PAT 664.18 59.38Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 664.18 59.38 OPM(%)  17.86 17.30 GPM(%)  14.94 13.68 Rate of Growth NPM(%)  13.45 8.91 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales (4.12) 1.74 52.26 10.07 10.33 Net Sales 3660.71 57.12Other Income (10.05) (1.18) 31.48 6.24 4.42 Other Income 109.26 (61.18)Total Operating Expenses (3.99) (2.97) 58.89 10.25 10.29 EBIDTA 805.39 48.46EBIDTA (7.84) 30.54 10.13 7.03 7.24 EBIT 736.46 56.64EBIT (9.07) 30.53 10.20 10.60 7.66 EBT 679.49 66.84EBT (7.17) 47.29 11.51 6.05 10.09 Adjusted PAT 430.49 (13.63)Adjusted PAT (1.31) 39.28 20.40 0.72 10.76 Reported PAT 430.49 (13.63)Reported PAT (6.15) 1.12 5.00 35.33 6.17 OPM(%)  22.00 23.29 GPM(%)  20.12 20.18 NPM(%)  11.76 21.39 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 18.9 7.74Mr.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 100.45 Market Cap TTM Sales ROE(%) Enterprise Value In Rupees Crore 2383.75 6971.82 8.49 8529.56 In US $ million 48.65 142.28 8.49 174.07 RANK in 50 Stocks 50 38 40 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 20.01EBIDTA 1982.80 2112.05 1351.14 1071.12 1037.63 Mutual Funds and UTI 102270134 4.31EBIT 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 8529.56 36819.15 28329.30 27028.19 22047.02 Annual TTMCapital Employed 18229.27 16495.78 13890.56 11136.18 9666.47 P/E 2.53 2.46Gross Block 10518.92 10010.80 8985.86 6481.99 6229.71 P/B 0.21 NACapital Work‐in‐progress  1469.50 476.21 761.16 1681.74 781.05 P/S 0.35 0.34Investment 7939.91 6688.62 5443.47 4430.00 3570.15 EV/EBITDA 4.30 NA Dividend Yield 12.44 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 June  11 Growth(%)Book Value (Rs.)  473.60 443.79 390.33 364.84 302.70 Net Sales 6971.82 0.77Sales Per Share (Rs.)  290.82 299.37 327.74 267.77 248.54 Other Income 613.62 24.32Free Reserves Per Share (Rs.) 399.41 372.15 308.95 278.20 215.63 EBIDTA 2136.38 4.76 EBIT 1619.85 5.93 Ratio Analysis EBT 1170.13 5.19EBIDTAM(%) 28.73 29.73 18.62 18.13 21.10 Adjusted PAT 954.07 1.34EBITM(%) 21.34 23.00 14.02 13.12 14.96 Reported PAT 970.72 0.07APATM(%) 11.93 12.57 6.62 7.98 9.73 OPM(%)  30.64 29.48Adjusted Cash Margin (%)  19.32 19.29 11.22 12.98 15.87 GPM(%)  23.23 22.10ROCE (%) 5.16 5.74 6.64 7.81 7.21 NPM(%)  13.68 13.61Dividend payout Ratio 33.26 34.08 31.20 30.84 31.60 Latest Result (Half Yearly)Debt/Equity  0.62 0.56 0.60 0.38 0.61 Half Year End March  11 Growth(%)Fixed Assets Turnover Ratio  0.65 0.70 0.80 0.91 0.78 Net Sales 3414.51 (2.55)Current Ratio 1.56 2.39 1.64 1.78 2.22 Other Income 172.52 (46.27)Quick Ratio  1.81 2.17 1.77 1.75 2.00 EBIDTA 916.40 (18.40)Inventory Turnover Ratio  17.79 18.98 15.49 18.70 6072.41 EBIT 665.69 (22.91)Fin. Charges Cov.Ratio 4.31 5.02 4.15 6.23 5.55 EBT 436.80 (35.34)Exports of Total Sales (%) 1.70 0.78 4.47 0.31 2.12 Adjusted PAT 420.78 (19.19)Import  of Raw Mat.(%) 0.00 0.00 0.00 0.00 0.00 Reported PAT 458.30 (10.44) OPM(%)  26.84 32.05 GPM(%)  19.50 24.64 Rate of Growth NPM(%)  12.32 14.86 Latest Result (Quarterly) March  11 March  10 March  09 March  08 5 Year CAGR Quarter End June  11 Growth(%)Net Sales (2.85) (2.11) 22.80 20.15 7.01 Net Sales 1921.24 9.00Other Income 84.05 11.35 49.68 (54.93) 6.70 Other Income 247.58 183.66Total Operating Expenses 2.64 (14.48) 22.90 18.33 5.00 EBIDTA 675.43 35.28EBIDTA (6.12) 56.32 26.14 3.23 13.83 EBIT 542.34 43.79EBIT (9.88) 60.61 31.18 5.40 14.88 EBT 429.93 66.78EBT (16.53) 75.44 14.56 10.02 13.04 Adjusted PAT 281.56 5.17Adjusted PAT (7.75) 85.69 1.98 (1.53) 11.46 Reported PAT 269.69 (9.57)Reported PAT (0.65) 2.76 6.01 24.84 6.20 OPM(%)  35.16 28.33 GPM(%)  28.23 21.40 NPM(%)  14.66 15.19 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 93.5 34.54 2.29Dr.H S Vachha Director 2010 1518.55 1193.1 38.28 30.08Mr.A J Engineer 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