1. Date: 24-Feb-2012
Essar Steel Ltd. Financial Ratios-Standalone
DESCRIPTION Mar-2011 Mar-2010 Mar-2009 Mar-2008 Mar-2007 Mar-2006 Mar-2005 Mar-2004 Mar-2003 Sep-2002 Mar-2001 Mar-2000 Mar-1999
Operational & Financial Ratios
Earnings Per Share (Rs) -0.68 0.06 1.62 3.64 3.83 9.13 11.63 1.18 0.05 -36.31 -10.47 -17.59 -15.03
Adjusted EPS (Rs.) -0.68 0.06 1.62 3.64 3.83 9.13 11.63 1.18 0.05 -36.31 -10.47 -17.59 -15.03
CEPS(Rs) 2.87 3.68 8.89 10.49 9.37 17.44 19.41 9.12 5.96 -18.38 -3.23 -7.61 -5.15
DPS(Rs) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adj DPS(Rs) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book Value (Rs) 40.60 40.88 41.18 40.24 37.03 31.47 23.53 11.70 10.15 -9.92 22.51 34.73 52.53
Adjusted Book Value (Rs) 40.60 40.88 41.18 40.24 37.03 31.47 23.53 11.70 10.15 -9.92 22.51 34.73 52.53
Tax Rate(%) 55.95 68.83 38.43 48.44 36.14 23.82 25.68 36.23 0.00 37.21 0.00 -0.09 0.00
Dividend Pay Out Ratio(%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Margin Ratios
PBIDTM (%) 12.98 15.13 16.41 20.20 22.74 24.83 26.52 24.83 27.92 -13.40 20.10 13.75 12.50
EBITM (%) 6.30 8.36 8.58 13.76 15.72 17.79 20.49 14.81 16.84 -31.56 10.61 0.14 -1.91
Pre Tax Margin(%) -2.83 0.61 2.37 6.98 7.59 10.16 12.15 2.34 0.09 -58.56 -13.73 -23.98 -21.94
PATM (%) -1.25 0.19 1.46 3.60 4.85 7.74 9.03 1.49 0.09 -36.77 -13.73 -24.00 -21.94
CPM(%) 5.43 6.96 7.98 10.03 11.86 14.78 15.07 11.51 11.16 -18.62 -4.24 -10.38 -7.52
Performance Ratios
ROA (%) -0.55 0.11 1.60 3.82 3.82 5.96 9.05 0.95 0.03 -20.05 -5.24 -8.20 -6.71
ROE (%) -1.72 0.33 3.99 9.73 14.44 35.11 66.00 12.90 39.17 -576.76 -36.59 -40.33 -28.61
ROCE (%) 2.79 4.96 9.44 14.59 12.39 13.70 20.53 9.46 5.17 -17.74 4.19 0.05 -0.60
Asset Turnover(x) 0.44 0.59 1.10 1.06 0.79 0.77 1.00 0.63 0.30 0.55 0.38 0.34 0.31
Inventory Turnover(x) 3.40 4.89 5.96 5.37 4.72 5.66 8.03 6.31 3.45 6.31 4.09 3.64 3.28
1/4
Source: AceEquity
Disclaimer: Accord Fintech Pvt Ltd has taken all the necessary steps and measures in compilation of the Data present in the AceEquity.We have tried our level best to provide
data from reliable source. However, Accord Fintech Pvt Ltd does not guarantee the accuracy,adequacy or completeness of any Data in the AceEquity and is not responsible for
any errors or omissions or for the results obtained from the use of such Data. Accord Fintech especially states that it has no financial liability whatsoever to the users of
AceEquity.Accord or any of its directors/ employees/ representatives does not accept any liability for any direct or consequential loss arising from the use of the Data contained
in the AceEquity or any data generated from the AceEquity.

2. Date: 24-Feb-2012
Mar-1999
-15.03
-15.03
-5.15
0.00
0.00
52.53
52.53
0.00
0.00
12.50
-1.91
-21.94
-21.94
-7.52
-6.71
-28.61
-0.60
0.31
3.28
Source: AceEquity
Disclaimer: Accord Fintech Pvt Ltd has taken all the necessary steps and measures in compilation of the Data present in the AceEquity.We have tried our level best to provide
data from reliable source. However, Accord Fintech Pvt Ltd does not guarantee the accuracy,adequacy or completeness of any Data in the AceEquity and is not responsible for
any errors or omissions or for the results obtained from the use of such Data. Accord Fintech especially states that it has no financial liability whatsoever to the users of
AceEquity.Accord or any of its directors/ employees/ representatives does not accept any liability for any direct or consequential loss arising from the use of the Data contained
in the AceEquity or any data generated from the AceEquity.

3. Date: 24-Feb-2012
Essar Steel Ltd. Financial Ratios-Standalone
DESCRIPTION Mar-2011 Mar-2010 Mar-2009 Mar-2008 Mar-2007 Mar-2006 Mar-2005 Mar-2004 Mar-2003 Sep-2002 Mar-2001 Mar-2000 Mar-1999
Debtors Turnover(x) 27.07 26.68 33.09 26.26 16.56 13.55 15.11 11.86 5.68 6.75 4.50 4.34 3.62
Fixed Asset Turnover (x) 0.77 0.74 0.85 0.84 0.75 0.79 0.95 0.60 0.27 0.50 0.40 0.40 0.38
Sales(x)/Working Capital 2.80 3.67 6.83 21.35 9.91 4.98 4.57 2.77 2.27 -42.04 2.78 1.97 1.09
Efficiency Ratios
Fixed Capital/Sales(x) 1.29 1.35 1.18 1.19 1.33 1.27 1.05 1.67 3.76 2.01 2.52 2.51 2.60
Receivable days 13.48 13.68 11.03 13.90 22.04 26.95 24.16 30.77 64.27 54.04 81.19 84.18 100.96
Inventory Days 107.42 74.60 61.28 67.98 77.34 64.43 45.46 57.83 105.70 57.88 89.23 100.15 111.41
Payable days 68.45 58.45 40.82 53.49 69.38 60.76 47.31 60.95 229.59 111.19 120.57 104.88 95.94
Growth Ratio
Net Sales Growth(%) 15.84 -9.14 8.80 31.11 32.54 1.08 65.27 127.69 -44.61 28.42 4.14 9.87 0.00
Core EBITDA Growth(%) -2.29 -14.96 -13.32 17.57 20.31 -1.85 73.38 102.85 212.71 -186.34 52.00 17.72 0.00
EBIT Growth(%) -14.20 -10.08 -33.49 15.83 16.12 -8.95 124.53 100.57 128.88 -485.18 7,997.88 107.63 0.00
PAT Growth(%) -840.62 -87.88 -56.79 -1.80 -17.67 -10.16 883.75 3,872.85 100.13 -246.73 40.49 -17.08 0.00
Adj. EPS Growth(%) -1,202.32 -96.18 -55.39 -4.89 -58.07 -21.49 885.03 2,483.68 100.13 -246.73 40.49 -17.08 0.00
Financial Stability Ratios
Total Debt/Equity(x) 2.18 2.00 1.58 1.35 1.59 1.80 2.83 9.01 17.12 -17.55 7.32 4.73 3.16
Current Ratio(x) 1.76 1.64 1.63 1.17 1.26 1.55 2.48 3.08 1.67 0.96 1.70 2.04 2.90
Quick Ratio(x) 0.93 1.11 0.90 0.54 0.59 0.96 1.52 2.08 1.17 0.72 1.24 1.50 2.27
Interest Cover(x) 0.69 1.08 1.38 2.03 1.93 2.33 2.46 1.19 1.01 -1.17 0.44 0.01 -0.10
Total Debt/Mcap(x) 1.69 2.77 1.72 7.70 24.83 26.57 30.80 21.78 19.09
3/4
Source: AceEquity
Disclaimer: Accord Fintech Pvt Ltd has taken all the necessary steps and measures in compilation of the Data present in the AceEquity.We have tried our level best to provide
data from reliable source. However, Accord Fintech Pvt Ltd does not guarantee the accuracy,adequacy or completeness of any Data in the AceEquity and is not responsible for
any errors or omissions or for the results obtained from the use of such Data. Accord Fintech especially states that it has no financial liability whatsoever to the users of
AceEquity.Accord or any of its directors/ employees/ representatives does not accept any liability for any direct or consequential loss arising from the use of the Data contained
in the AceEquity or any data generated from the AceEquity.

4. Date: 24-Feb-2012
Mar-1999
3.62
0.38
1.09
2.60
100.96
111.41
95.94
0.00
0.00
0.00
0.00
0.00
3.16
2.90
2.27
-0.10
19.09
Source: AceEquity
Disclaimer: Accord Fintech Pvt Ltd has taken all the necessary steps and measures in compilation of the Data present in the AceEquity.We have tried our level best to provide
data from reliable source. However, Accord Fintech Pvt Ltd does not guarantee the accuracy,adequacy or completeness of any Data in the AceEquity and is not responsible for
any errors or omissions or for the results obtained from the use of such Data. Accord Fintech especially states that it has no financial liability whatsoever to the users of
AceEquity.Accord or any of its directors/ employees/ representatives does not accept any liability for any direct or consequential loss arising from the use of the Data contained
in the AceEquity or any data generated from the AceEquity.