Column1 Note

Income
Revenue from Operations 28
Other Income 29
Total Income
Expenses
Cost of Materials Consumed 30
Purchases
Changes inof Stock-in-trade
Inventories of Finished Goods, Work-in-progress and
Stock-in-trade 31
Employee Benefits Expense 32
Finance Cost 33
Depreciation and Amortisation Expenses 34
Other Expenses 35
Total Expenses
Profit Before Exceptional Items and Tax
Exceptional Item
Profit Before Tax
Tax Expense
Current Tax 21
Adjustment of tax relating to earlier periods 21
Deferred Tax 21
Total Tax Expense
Profit for the Year
Other Comprehensive
(i) Items that will not beIncome
reclassified to Standalone Statement of
Proflt and Loss
(a) Remeasurement
(b) of Defined
Income tax relating to itemsBenefit
that willLiability
not be reclassified to
Standalone Statement of Profit and Loss
Total Other Comprehensive Income (net of taxes)
Total Comprehensive Income for the Year
Earnings per Share (Face Value of ` 1 each):
Basic (in `)
Diluted (in `)
Significant Accounting Policies 1
The notes referred to above form an integral part of Standalone Financial Statements
Year ended Year ended
31^{st} March, 2023 31^{st} March, 2022

7081.02 5948.90
30.83 32.86
7111.85 5981.76

4595.16 4013.98
466.56 396.22
(106.38) (280.94)
333.84 312.37
9.73 9.87
164.63 153.82
997.95 859.93
6461.49 5465.25
650.36 516.51
— (11.39)
650.36 505.12

159.71 132.35
(2.43) —
6.65 (1.56)
163.93 130.79
486.43 374.33

0.21 3.35
(0.05) (0.84)
0.16 2.51
486.59 376.84

9.03 6.95
9.02 6.95
Calculation of COGS: 2023 2022
Cost of Materials Consumed 4595.16 4013.98
Purchases
Changes inof Stock-in-trade
Inventories of Finished Goods, Work-in-progress and 466.56 396.22
Stock-in-trade (106.38) (280.94)
Direct Expenses found in Other Expenses(Refer Sheet 1) 489.87 443.11
COGS 5445.21 4572.37

GP RATIO
Gross Profit Calculation:
Sale of Products 7040.2 5859.47
COGS 5445.21 4572.37
Gross Profit 1594.99 1287.1
GP RATIO 22.65546 21.96615

NP RATIO
Profit for the Year 486.43 374.33
Net Sales 5445.21 4572.37
NP RATIO 8.933172 8.186783

Operating Profit
Profit Before Exceptional Items and Tax 650.36 516.51
Net Sales 5445.21 4572.37
OP Ratio 11.94371 11.29633

ROA

ROE
PAT 486.43 374.33
Shareholders Fund 4607.38 4170.93
ROE Ratio 10.55763 8.974737

Operating expenses to sales ratio

Operating expenses (Refer Sheet1) 1016.28 892.88
Net Sales 5445.21 4572.37
Operating Expense To Sales 18.66374 19.52773
EPS Ratio
PAT 486.43 374.33
Shareholders Fund

P/E ratio (Market price per share/Earnings per share).

P/B ratio (Market Price per share/Book value per share)
P/CF (Market price per share/cash flows)
P/Sales (Market price per share/Sales)
Column1 Column2
Note
ASSETS
Non-current Assets
Property, Plant and Equipment 2
Capital Work-in-progress 3
Right of Use Assets (ROU) 4
Investment Property 5
Goodwill
Other Intangible Assets 6
Financial Assets:
Investments 7
Other Financial Assets 8

Non-current Tax Assets (Net)

Other Non-current Assets 9
Total Non-current Assets
Current Assets
Inventories
Financial Assets: 10
Investments 11
Trade Receivables 12
Cash and Cash Equivalents 13
Bank Balances other than Cash and Cash Equivalents 14
Other Financial Assets 15

Other Current Assets 16

Total Current Assets
Asset held for sale 5A
Total Assets

EQUITY AND LIABILITIES

Equity
Equity Share Capital 17
Other Equity 18
Total Equity
Liabilities
Non-current Liabilities
Financial Liabilities:
Lease Liabilities 19
Provisions 20
Deferred Tax Liabilities (Net) 21
Total Non-current Liabilities
Current Liabilities
Financial Liabilities:
Lease Liabilities 22
Trade Payables 23
Total Outstanding dues of Micro Enterprises and Small
Enterprises
Total Outstanding dues of creditors other than Micro
Enterprises and Small Enterprises

Other Financial Liabilities 24

Other Current Liabilities 25

Provisions 26
Current Tax Liabilities (Net) 27
Total Current Liabilities
Total Liabilities
Total Equity and Liabilities
Significant Accounting Policies 1
The notes referred to above form an integral part of Standalone Financial Statements
Column3 Column4
As at 31st March, 2023 As at 31st March, 2022

1812.96 1701.27
112.62 223.88
172.95 165.15
0.13 0.18
0.20 0.20 Liquidity
8.70 9.35 Current ratio
2107.56 2100.03 2023
154.90 90.87 2.85
16.63 13.70
171.53 104.57 Quick Ratio
145.63 132.19 2023
88.29 87.62 1.46
2513.01 2424.41

1648.02 1531.54 Absolute Liquidity Ratio

498.13 209.46 2023
1117.15 965.43 0.07
90.22 66.44
4.52 14.21 Trade Recievables to Net Sales
11.72 29.17 2023
1721.74 1284.71
192.31 155.06
3562.07 2971.31
0.05 —
6075.13 5395.72

53.89 53.89
4553.49 4117.04
4607.38 4170.93 Solvency ratio
Debt equity ratio
2023
0.0471330778012667
93.78 85.93
21.13 22.27
102.25 95.55 Interest Coverage Ratio
217.16 203.75 2023

25.49 22.95
Inventory Turnover Ratio
88.55 101.29 2023
848.96 789.11 COGS 5445.21
937.51 890.40 Closing Inv1648.02
68.32 51.51 3.30409218334729
1031.32 964.86
198.38 32.61 Inventory Holding Period(DAYS)
20.89 18.58 110.469072818128
— 4.99 110 days
1250.59 1021.04
1467.75 1224.79 Trade payable turnover ratio
6075.13 5395.72 Credit Purchases

Total Asset Turnover Ratio(ROA)

2023
Net Sales 7040.2
Average Total Assets

Current Asset Turnover Ratio

Net Sales 7040.2
Average Current Assets

net worth turnover ratio

quidity
ent ratio
2022
2.91

ck Ratio
2022
1.35

Liquidity Ratio
2022
0.07

ables to Net Sales

2022

ency ratio
quity ratio
2022
0.0488500167

overage Ratio
2022

Turnover Ratio
 2022
4572.37
1531.54
2.9854721392

ding Period(DAYS)
122.25871922
122 days

le turnover ratio

rnover Ratio(ROA)
2022
5859.47

et Turnover Ratio
5859.47

turnover ratio
Column1 Column2

31

32

*
33

34

*
292
KANSAI NEROLAC PAINTS LIMITED
Notes to the Standalone Financial Statements
for the year ended 31^{st} March, 2023
Changes in Inventories of Finished Goods, Work-in-progress and Stock-in-trade

Opening Stock
Finished Goods
Work-in-progress
Stock-in-trade (in respect of goods acquired for trading)

Less: Closing Stock

Finished Goods
Work-in-progress
Stock-in-trade (in respect of goods acquired for trading)

Employee Benefits Expense

Salaries and Wages

Contribution to Provident and Other Funds (Refer Note 39)
Share based Payments to Employees (Refer Note 46)
Staff Welfare Expense

Includes ₹ 23.25 Crores (2021-2022 ₹ 20.22 Crores) expenditure incurred on Research and Development
Finance Cost

Interest on Lease Liabilities (Refer Note 44)

Interest on Working Capital Loan

Depreciation and Amortisation

Depreciation on Property, Plant and Equipment (Refer Note 2)

Amortisation on Other Intangible Assets (Refer Note 6)
Amortisation on Right of use assets (ROU) (Refer Note 4)

Includes ₹ 3.07 Crores (2021-2022 ₹ 3.06 Crores) depreciation and amortisation expenses on Research and Development
 Column4 Column5 Column6

Year ended
31^{st} March, 2023

807.9
141.3
74.66
1023.86

899.28
142.09
88.87
1130.24
(106.38)

Year ended
31^{st} March, 2023
288.53
24.39
3.75
17.17
333.84*
d Development

Year ended
31^{st} March, 2023
9.73
—
9.73

Year ended
31^{st} March, 2023
130.26
5.80
28.57
164.63*
s on Research and Development
Column7 Column8 FINANCIAL STATEMENTS Column10

Year ended ` in Crores

31^{st} March, 2022

585.55
99.33
58.04
742.92

807.9
141.3
74.66
1023.86
(280.94)

` in Crores
Year ended
31^{st} March, 2022
275.35
22.30
—
14.72
312.37*

` in Crores
Year ended
31^{st} March, 2022
9.49
0.38
9.87

` in Crores
Year ended
31^{st} March, 2022
120.08
6.24
27.50
153.82*
Data from NOTES
Quick Ratio Calculation: As at 85.56 As at 64.75 < Amout deducted from
Column1 31^{st} March, 2023 31^{st} March, 2022
Unsecured and Considered Good: null null
Balances with Indirect Tax Authorities 101.45 80.37
Trade Advances 52.96 53.35
Prepaid Expenses 32.6 11.4
Other Receivable 5.3 9.94
null 192.31 155.06

Calculation OF COGS:
Direct Expenses 489.87 443.11
Column1 Column2 Column3
Year ended Year ended
31^{st} March, 2023 31^{st} March, 2022
Depreciation on Property, Plant and Equipm130.26 120.08
Amortisation on Other Intangible Assets (Re5.80 6.24
Amortisation on Right of use assets (ROU) ( 28.57 27.50
164.63* 153.82*
Consumption of Stores and Spare Parts 31.18 28.98
Power and Fuel 87.73 69.09
Repairs to Buildings 0.51 0.40
Repairs to Machinery 15.86 14.04
Freight and Forwarding Charges 351.88 327.54
Advertisement and Sales Promotion 267.50 210.75
Rent 15.92 13.16
Rates and Taxes 2.71 3.06
Insurance 13.67 11.80
Miscellaneous Expenses 210.99 181.11

Calculation Of Net Sales

Column1 Year ended Year ended

31^{st} March, 2023 31^{st} March, 2022
Sale of Products null null
Sales 7855.82 6563.24
Less: Discounts and Rebates 815.62 703.77
Total Sale of Products 7040.2 5859.47
Other Operating Revenues null null
Sale of Scrap 26.85 21.45
GST Incentives 2.47 9.86
Others* 11.5 58.12
null 40.82 89.43
Revenue from Operations 7081.02 5948.9
Calculation of Operating Expenses:

Column1 Column2 Column3 Column4

Employee Benefits Expense

Salaries and Wages

Contribution to Provident and Other Funds (Refer Note 39)
Share based Payments to Employees (Refer Note 46)
Staff Welfare Expense

Includes ₹ 23.25 Crores (2021-2022 ₹ 20.22 Crores) expenditure incurred on Resea

Finance Cost

Interest on Lease Liabilities (Refer Note 44)

Interest on Working Capital Loan

Depreciation and Amortisation

Depreciation on Property, Plant and Equipment (Refer Note 2)

Amortisation on Other Intangible Assets (Refer Note 6)
Amortisation on Right of use assets (ROU) (Refer Note 4)

Includes ₹ 3.07 Crores (2021-2022 ₹ 3.06 Crores) depreciation and amortisation ex

Operating Expense Calculation:

< Amout deducted from Current Assests>
Column5 Column6 Column7 Column8 Column9 Column10
 Year ended `Year
in Crores
ended
31^{st} March, 2023 31^{st} March, 2022
288.53 275.35
24.39 22.3
3.75 —
17.17 14.72
333.84 312.37
diture incurred on Research and Development

Year ended `Year

in Crores
ended
31^{st} March, 2023 31^{st} March, 2022
9.73 9.49
— 0.38
9.73 9.87

Year ended `Year

in Crores
ended
31^{st} March, 2023 31^{st} March, 2022
130.26 120.08
5.8 6.24
28.57 27.5
164.63 153.82
tion and amortisation expenses on Research and Development

1016.28 892.88