Debt Instrumen

Financials Used
 Break up of Secured Loans
Year Mar 19  Mar 18  Mar 17  Mar 16  Mar 15 
 Convertible Debentures 0 0 0 0 0
 Non Convertible Debentures 0 0 0 0 0
 Partly Convertible Debentures 0 0 0 0 0
 Less : Debentures Calls in arrears 0 0 0 0 0
 Term Loans Institutions 0 0 0 0 0
 Term Loans Banks 0 0 0 0 0
 Term Loans Others 0 0 0 0 0
 Borrowings from Government of India 0 0 0 0 0
 Deferred Credit / Hire Purchase 0 0 0 0 0
 Bridge Loans 0 0 0 0 0
 Cash Credit /Packing Credit / Bills Discounted 0 0 0 0 0
 Working Capital Advances 0 0 0 0 0
 Interest Accured & Due 0 0 0 0 0
 Debenture/Bonds-Application Money 0 0 0 0 0
 Short Term Borrowings-Secured 0 65 3 54 11.66
 Current Maturites of long term Borrowings-Secured 0 0 0 0 0
 Secured Loans Others 0 0 0 0 0

 Break up of Unsecured Loans

Year Mar 19  Mar 18  Mar 17  Mar 16  Mar 15 
 Short Term Borrowings-Secured 907 248 37 624 304.93
 Current Maturites of long term Borrowings-Secured 273 127 52 217 150
 Debentures / Bonds 458 682 756 755 910
 Accrued Interest 0 0 0 0 0
 Loans from Group Cos 0 0 0 0 0
 Loans from Banks 0 0 0 0 0
 Loans from Institutions 0 0 0 0 0
 Advances 0 0 0 0 0
 Loans from GOI / PSUs 0 0 0 0 0
 Deferred Liabilities 0 0 0 0 0
 Deferred Tax Loan 0 0 0 0 0
 Commercial Paper 0 0 0 0 0
  Debenture/Bonds-Application Money 0 0 0 0 0
 Unsecured Loans Others 0 0 0 0 0
 TOTAL DEPOSITS 0 0 0 0 0
  Fixed Deposits 0 0 0 0 0
  Intercorporate Deposits 0 0 0 0 0
  Security Deposits 0 0 0 0 0
  Directors Deposits 0 0 0 0 0
  Share Deposits 0 0 0 0 0
  Other Deposits 0 0 0 0 0

 Break up of Interest
Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
  Year
(12)  (12)  (12)  (12)  (12) 
 Debenture Interest 77 81 81 97 113.6
 Fixed Interest 0 0 0 0 0.13
 Interest on Deposits 0 0 0 0 0
 Interest on External Commercial Borrowings 0 0 0 0 0
 Other Interest -8 19 124 40 6.53
 Financial Charges 116 35 -56 55 -84.99
 Premium on redemption of debentures 0 0 0 0 0
 Less : Interest Capitalised 0 0 0 0 0
Debt Instruments and Kd

 Year Mar 15  Mar 16  Mar 17  Mar 18 

 Short Term Borrowings-Secured 304.93 624 37 248
Rate of Interest 1.00% 1.56% 1.98% 1.73%
Interest Paid 3.05 9.73 0.73 4.29
Commercial Papers
Rate of Interest ~ ~ ~ ~
Interest Paid
 Current Maturites of long term Borrowings-Secured 150 217 52 127
Rate of Interest 10.69% 10.69% 10.69% 10.69%
Interest Paid 16.04 23.20 5.56 13.58
 Debentures / Bonds 910 755 756 682
Rate of Interest 10.69% 10.69% 10.69% 10.69%
Interest Paid 97.28 80.71 80.82 72.91
 Short Term Borrowings-Secured 11.66 54 3 65
Rate of Interest 11.45% 11.20% 8.95% 10.31%
Interest Paid 1.34 6.05 0.27 6.70
Effective Rate of Interest on Debt 9.74% 8.24% 10.33% 9.41%
Effective Rate of Interest on Debt after tax 6.37% 5.39% 6.75% 6.15%
Total Debt 1,376.59 1,650.00 848 1,122.00
Tax rate 34.61% 34.61% 34.61% 34.608%

Kd for Debt Instruments

 Year Mar 15  Mar 16  Mar 17  Mar 18 
 Short Term Borrowings-Secured 0.65% 1.02% 1.29% 1.13%
Commercial Papers
 Current Maturites of long term Borrowings-Secured 6.99% 6.99% 6.99% 6.99%
 Debentures / Bonds 8.16% 8.40% 7.01% 7.77%
 Short Term Borrowings-Secured 7.49% 7.32% 5.85% 6.74%
Mar 19   Year Mar 15  Mar 16  Mar 17  Mar 18  Mar 19 
507  Short Term Borrowings-Secured
304.93 624 37 248 507
2.82% Commercial Papers 400
14.30  Current Maturites of long term
150Borrowings-Secured
217 52 127 273
400.00  Debentures / Bonds 910 755 756 682 458
7.42%  Short Term Borrowings-Secured
11.66 54 3 65 0
29.68 Total Debt 1,376.59 1,650.00 848 1,122.00 1,638.00
273 Tax rate 34.61% 34.61% 34.61% 34.608% 34.944%
10.69%
29.18
458
10.69%
48.96
0
~

9.17%
5.96%
1,638.00
34.944%

Mar 19 
1.83%
4.83%
6.95%
10.94%
 WACC by BV

Sources 2015 2016 2017 2018 2019

Equity Shares 3,524.08 7,747.00 7,750.00 7,969.00 7,972.00
Cost (Ke) 0.1795 0.1028 0.1121 0.0793 0.1442
Total Cost of Equity 632.5724 796.3916 868.7750 631.9417 1,149.5624 16.00%
14.70%
Debt 1,376.59 1,650.00 848 1,122.00 1,638.00
14.00%
Cost (Kd) 0.0637 0.0539 0.0675 0.0615 0.0596
Total Cost of Debt 87.6888 88.9350 57.2400 69.0030 97.6248 12.00%
Total Cost 720.2611 885.3266 926.0150 700.9447 1,247.1872
10.00%
Total of Liabilities 4,900.67 9,397.00 8,598.00 9,091.00 9,610.00
Ko (BV) 14.70% 9.42% 10.77% 7.71% 12.98% 8.00%

6.00%

4.00%

2.00%

0.00%
2 0 15
 WACC by BV

Trend of wacc
16.00%
14.70%
14.00% 12.98%
12.00%
10.77%
10.00% 9.42%

8.00% 7.71%

6.00%

4.00%

2.00%

0.00%
2 0 15 2 01 6 2 0 17 2 0 18 2 0 19