Income Statement

For the year ended For the year ended

Particulars
March 31, 2022 March 31, 2021

INCOME
Revenue from operations 29,245.47 30,800.62
Other income 556.91 579.85
Total Income 29,802.38 31,380.47
EXPENSES
Cost of raw materials consumed 20,708.07 21,875.33
Purchase of stock in trade 45.95 30.46
Change in inventories of finished goods, stock in trade and work-
72.71 -143.46
in-progress
Employee benefits expenses 1,935.44 1,898.72
Finance costs 25.8 21.84
Depreciation and amortisation expense 649.75 676.87
Other expenses 3,114.53 3,120.33
Total expenses 26,552.25 27,480.09
Profit before tax 3,250.13 3,900.38
Tax expense
Current tax 797.91 924.92
Deferred tax (credit)/charge -20.8 11.26
Total tax expense 777.11 936.18
Profit for the year 2,473.02 2,964.20
Other comprehensive income/ (expense)
Items that will not be reclassified subsequently to profit or loss:-

Re-measurement losses on defined benefit plans -7.27 -28.14

Income tax effect 1.83 7.08
Net other comprehensive income not to be reclassified to profit
or loss -5.44 -21.06
Total Comprehensive income for the year, net of income tax 2,467.58 2,943.14
Earnings per share (Nominal Value of ` 2 each) in `
(a) Basic 123.78 148.39
(b) Diluted 123.74 148.37
The notes referred to above form an integral part of the
standalone financials statements
Common size Common size Trend Trend
statement statement Analysis Analysis
2022 2021 2022 2021 2022 2021

100 100 94.95091 100

1.9042607282 1.8825919738 96.0438 100 gross profit 8,144.55 9,273.01
101.90426073 101.882591974 94.97111 100

70.807786642 71.0223690302 94.66403 100 GP ratio 27.85 30.10657

0.1571183503 0.09889411317 150.8536 100 OP. Ratio 90.79098 89.21928
0.2486197008 -0.4657698449
-50.68312 100 OP profit Ratio 11.11328 12.66332
6.6179138171 6.16455123306 101.9339 100 Expense ratio 90.79098 89.21928
0.0882187908 0.07090766355 118.1319 100 Net profit Margi8.456079 9.623832
2.2217116018 2.19758563302 95.99332 100
10.649615137 10.130737628 99.81412 100
90.79098404 89.2192754561 96.62359 100
11.113276689 12.6633165177 83.32855 100

2.7283199757 3.00292656447 86.268 100

-0.071122126 0.03655770566 -184.7247 100
2.6571978498 3.03948427012 83.00861 100
8.4560788389 9.62383224753 83.42959 100
 2022 2021

cogs 21100.92 21527.61

 Balance Sheet
Common size
Particulars As at March 31, As at March 31, statement
2022 2021 2022

ASSETS
Non-current assets
(a) Property, plant and equipment 5,094.39 5,293.40 23.4612936711
(b) Capital work-in-progress 87.32 177.86 0.40213649983
(c) Right of use of assets 413.59 404.75 1.90471409716
(d) Other intangible assets 298.5 290.26 1.37468787447
(e) Intangible assets under development 370.88 258.73 1.70802090078
(f) Financial assets
(i) Investments 4,814.66 4,308.18 22.1730476439
(ii) Loans 17.43 16.73 0.0802707191
(iii) Others 41.6 35.5 0.19158129172
(g) Income tax assets (net) 340.92 368.19 1.57004552819
(h) Other non-current assets 119.77 54.66 0.55157911801
Total Non-Current Assets 11,599.06 11,208.26 53.4173773442
Current assets
(a) Inventories 1,122.65 1,469.55 5.17016195067
(b) Financial assets
(i) Investments 5,837.66 6,191.49 26.8842895051
(ii) Trade receivables 2,304.27 2,426.76 10.611899593
(iii) Cash and cash equivalents 98.68 169.22 0.45445292949
(iv) Bank balances other than (iii) above 76.44 87.93 0.35203062353
(v) Loans 22.81 22.95 0.10504733808
(vi) Others 454.8 371.52 2.09449931427
(c) Other current assets 197.65 213.37 0.91024140164
Total Current Assets 10,114.96 10,952.79 46.5826226558
Total Assets 21,714.02 22,161.05 100
Common size
Particulars As at March 31, As at March 31, statement
2022 2021 2022

EQUITY AND LIABILITIES

Equity
(a) Equity Share capital 39.96 39.96 0.18402856772
(b) Other equity 15,742.96 15,158.47 72.5013608719
Total equity 15,782.92 15,198.43 72.6853894396
LIABILITIES
Non-current liabilities
(a) Financial liabilities
(i) Lease liability 142.32 129.81 0.65542907301
(ii) Other Financial Liabilities 155.04 146.04 0.71400873721
(b) Provisions 178.07 172.46 0.82006924558
(c) Deferred tax liabilities (net) 383.29 404.09 1.76517291593
Total Non-Current Liabilities 858.72 852.4 3.95467997174
Current liabilities
(a) Financial liabilities
(i) Lease liability 25.75 19.7 0.11858697745
 (ii) Trade payables
Total outstanding dues of micro and 25.55 15.71
small enterprises 0.11766591354

Total outstanding dues of creditors 4,234.79 5,188.90

other than micro and small enterprises
19.5025610182
(iii) Other financial liabilities 133.75 159.53 0.61596148479
(b) Other current liabilities 492.12 566.01 2.26636983847
(c) Provisions 160.42 160.37 0.73878535619
Total Current Liabilities 5,072.38 6,110.22 23.3599305886
Total Equity and Liabilities 21,714.02 22,161.05 100
Common size Trend Trend
statement Analysis analysis
2021
2021 2022 2022 2021

Capital employed 16,641.64 16,050.83

23.8860523306 100 96.24041 Return on capital employed 19.88305 69.82978
0.80257930017 100 49.09479 Return on Proprietor’s Fund 14.59977 15.96718
1.82640262984 100 102.1841 ROE same same
1.30977548446 100 102.8388
1.16749883241 100 143.3463 Current ratio 1.994125 1.792536
Quick assets 8,992.31 9,483.24
19.4403243529 100 111.7562 Quick Liabilities 5,072.38 6,110.22
0.07549281284 100 104.1841 Quick Ratio 1.772799 1.552029
0.16019096568 100 117.1831 Absolute Liquid Ratio 0.488802 0.439249
1.6614284973 100 92.5935
0.24664896293 100 219.1182
50.576394169 100 103.4867

6.63122911595 100 76.39413

27.938613017 100 94.28522

10.9505641655 100 94.95253
0.76359197782 100 58.31462
0.39677722852 100 86.93279
0.103560075 100 99.38998
1.67645486112 100 122.416
0.96281539007 100 92.63252
49.423605831 100 92.35053
100 100 97.98281
Common size Trend Trend
statement Analysis analysis
2021
2021 2022 2022 2021

0.18031636588 100 100

68.401406973 100 103.8559
68.5817233389 100 103.8457

0.5857574438 100 109.6372

0.65899404586 100 106.1627
0.7782122237 100 103.2529
1.8234244316 100 94.85263
3.84638814497 100 100.7414

0.0888947049 100 130.7107

0.07089014284 100 162.6353

23.4145042766 100 81.61248

0.71986661282 100 83.84003
2.55407573197 100 86.94546
0.72365704694 100 100.0312
27.5718885161 100 83.01469
100 100 97.98281
 Cash Flow
Particulars Year ended March 31, 2022 Year ended March 31, 2021
A. CASH FLOW FROM OPERATING ACTIVITIES
Profit after tax 2,473.02
Adjustments for:
Add: Depreciation and amortisation 649.75 676.87
Tax expense 777.11 936.18
Loss on property, plant and equipment sold 10.23 4.67
Finance cost 25.8 21.84
Employee Stock Compensation Cost 10 8.86
Loss allowance on advances 52.24 -
Loss allowance on trade receivables - 45.8
1,525.13
Less: Interest income on financial assets carried at
186.29 95.1
amortised cost
Dividend income 14.48 33.72
Profit on sale of investments 101.37 167.13
Gain on investments carried at fair value 223.82 283.01
through profit or loss
Profit on sale of property, plant and 0.62 0.89
equipment
526.58
Operating profit before working capital changes 3,471.57
Changes in working capital:
Adjustment for (increase)/decrease in operating
assets:
Inventories 346.9 -377.58
Trade receivables 122.49 -869.42
Loans-Current 0.14 -14.58
Loans-Non-Current -0.7 5.42
Other financial assets -89.38 6.7
Other current assets -36.52 66.77
Other non-current assets -4.67 -3.79
338.26
Adjustment for increase/(decrease) in operating
liabilities:
Trade payables -944.27 2,174.10
Other financials liabilities - Current -0.98 -1.1
Other current liabilities -73.89 47.75
Current provisions 0.05 13.81
Non-current provisions -1.66 21.95
-1,020.75
Cash generated from operations 2,789.08
Less: Direct tax paid (net of refund) 768.81
Net cash generated from operating activities 2,020.27
 B.      CASH FLOW FROM INVESTING ACTIVITIES

Capital expenditure on property, plant and

equipment, intangible assets, capital work in
-534.69
progress and intangible assets under
development including capital advances

Proceeds from sale of property, plant & equipment 10.67

Deposits made -1.23
Sale of investments 42,427.64
Purchase of investments -42,105.10
Investment in associates -150
Investment in subsidiaries -
Interest income on financial assets carried at
186.29
amortised cost
Dividend income 14.48
Net cash (used) in investing activities -151.94
C.      CASH FLOW FROM FINANCING ACTIVITIES
Interest paid -25.8
Repayment of lease liabilities -19.98
Dividends paid -1,898.13
Proceeds from issue of equity share capital 5.04
(including share premium)
Net cash (used) in financing activities -1,938.87
D.      INCREASE/(DECREASE) IN CASH AND CASH -70.54
EQUIVALENTS (A+B+C)
Cash and cash equivalents at the beginning of the 169.22
year
Cash and cash equivalents at the end of the year 98.68
ar ended March 31, 2021

2,964.20

1,694.22

579.85
4,078.57

-1,186.48

2,256.51
5,148.60
975.9
4,172.70
 -514.56

4.5
-1.77
47,930.03
-49,374.33
-368.37
-14.22
95.1
33.72
-2,209.90

-21.84
-29.67
-1,897.81
7.83
-1,941.49
21.31

147.91
169.22