1)ICRA:

Earnings Per Share (Rs)

58.73 60.38 50.90 44.91 50.00 36.15 26.66 16.10 14.37

DPS(Rs) 24.00 23.00 22.00 20.00 17.00

Dividend Pay Out Ratio(%)
39.16 36.43 39.29 37.85 34.00 33.19 37.51 27.95

27.84

ROE (%)

17.87 20.98 20.30 20.21 25.71 21.47 17.79 13.72

14.34

ROCE (%)
Debtors Turnover(x)
Fixed Asset Turnover (x)
Current Ratio(x)
Quick Ratio(x)
Interest Cover(x)

24.16
13.73
4.50
2.93
2.93

24.08 28.83 30.45 38.10 31.28 25.27 18.98

19.71
10.58 9.69 8.64 6.20 7.22 8.05 6.40
4.43
4.37 4.19 3.95 3.38 2.91 2.06 1.40
1.16
1.20 1.33 0.68 2.45 2.54 2.85 1.03
4.40
1.20 1.33 0.68 2.45 2.54 2.85 1.03
4.40
494.46(7

2)CRISIL(2014)

Earnings Per Share

(Rs)

DPS(Rs)

27.46 26.62 279.70

208.08 190.14 97.81 56.78 27.52

19.00 16.00 11.00 200.00

100.00 70.00 25.00 15.00 10.00

39.80

20.00

Dividend Pay Out

66.22 47.74 58.27 41.32 71.51
48.06 36.81 25.56 26.42 36.34
Ratio(%)
ROE
32.26 52.89 47.06 51.26 51.24 39.63 44.70 32.79 25.56
ROCE 46.01 73.11 65.95 68.01 64.98 50.18 56.99 42.43 36.82

Inventory Turnover(x)
Debtors Turnover(x)
Fixed Asset Turnover (x)
Current Ratio(x)
Quick Ratio(x)
Interest Cover(x)

6.46
4.45
2.14
2.14

6.04
3.88
1.74
1.74

7.62
3.73
1.30
1.30

7.05
3.45
1.41
1.41

6.37
3.68
1.83
1.83

5.90
3.93
2.24
2.24

5.11
3.60
2.42
2.42

5.47
2.85
2.16
2.16

7.09
1.74
1.51
1.51
0.00

5.13
1.01
2.10
2.10

3)indiarating and research ltd(2014)

Earnings Per Share (Rs)

DPS(Rs)
Dividend Pay Out Ratio
ROE (%)
ROCE (%)
Inventory Turnover(x)
Debtors Turnover(x)
Fixed Asset Turnover (x)
Current Ratio(x)
Quick Ratio(x)
Interest Cover(x)

134.17
0.00 77.52 148.38 138.01
165.00 0.00 0.00 140.00 96.50 60.00
122 .98
0.00 94.35 69.92 49.38
74.34
0.00 28.22 61.03 58.09 54.05
115.07
0.00 43.75 90.60 87.10 81.61
3.28
8.39
1.38
1.38

0.00
0.00
1.46
1.46

0.90
4.77
1.91
1.91

2.21
11.80
1.67
1.67

2.75
12.25
1.66
1.66

3.29
10.84
1.92
1.92

4)credit analysis and research ltd(2015)

Earnings Per Share (Rs)

DPS(Rs)
Dividend Pay Out Ratio(%)
ROE (%)
ROCE (%)
Inventory Turnover(x)
Debtors Turnover(x)
Fixed Asset Turnover (x)
Current Ratio(x)
Quick Ratio(x)
Interest Cover(x)

48.39 44.37 39.69 37.66 95.57 91.61 71.22 34.28 15.23 13.85
79.00 28.00 20.00 10.00 6.50 5.00 4.00 4.50 2.50 2.00
163.25 63.10 50.39 26.55 6.80 5.46 5.62 13.13 16.42 14.44
33.55 28.38 28.30 31.64 34.87 49.49 51.52 37.90 21.82 21.77
47.51 39.51 39.92 43.98 51.41 69.70 73.46 55.67 29.91 29.28
17.90 12.73 10.60 12.74 17.99 22.89 18.24 14.75 10.71 7.36
3.68 3.64 3.38 3.42 4.28 5.28 5.89 4.22 1.76 1.31
2.37 3.66 3.97 5.79 2.53 1.07 1.07 0.94 1.01 1.04
2.37 3.66 3.97 5.79 2.53 1.07 1.07 0.94 1.01 1.04
154.46