ROE-ROCE Relationship

𝑹𝑶𝑬=𝑹𝑶𝑪𝑬+(𝑨𝒗𝒆𝒓𝒂𝒈𝒆 𝑫𝒆𝒃𝒕)/(𝑨𝒗𝒆𝒓𝒂𝒈𝒆 𝑬𝒒𝒖𝒊𝒕𝒚)×(𝑹𝑶𝑪𝑬−𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒕 𝑹𝒂𝒕𝒆)

where ROCE and Interest Rate are calculated on after-tax basis

𝑹𝑶𝑬=𝑷𝑨𝑻/(𝑨𝒗𝒆𝒓𝒂𝒈𝒆 𝑻𝒐𝒕𝒂𝒍 𝑬𝒒𝒖𝒊𝒕𝒚)

𝑹𝒆𝒕𝒖𝒓𝒏 𝒐𝒏 𝑪𝒂𝒑𝒊𝒕𝒂𝒍 𝑬𝒎𝒑𝒍𝒐𝒚𝒆𝒅, 𝑹𝑶𝑪𝑬=𝑷𝑩𝑰𝑻/(𝑨𝒗𝒆𝒓𝒂𝒈𝒆 𝑪𝒂𝒑𝒊𝒕𝒂𝒍 𝑬𝒎𝒑𝒍𝒐𝒚𝒆𝒅)

𝑹𝒆𝒕𝒖𝒓𝒏 𝒐𝒏 𝑪𝒂𝒑𝒊𝒕𝒂𝒍 𝑬𝒎𝒑𝒍𝒐𝒚𝒆𝒅, 𝑹𝑶𝑪𝑬(𝒂𝒇𝒕𝒆𝒓 𝒕𝒂𝒙)=(𝑷𝑩𝑰𝑻(𝟏−𝒕))/(𝑨𝒗𝒆𝒓𝒂𝒈𝒆 𝑪𝒂𝒑𝒊𝒕𝒂𝒍 𝑬𝒎𝒑𝒍𝒐𝒚𝒆𝒅)

𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑑=𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦+𝑇𝑜𝑡𝑎𝑙 𝐷𝑒𝑏𝑡

𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑅𝑎𝑡𝑒 (𝑎𝑓𝑡𝑒𝑟 𝑡𝑎𝑥)=(𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡(1−𝑡))/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐷𝑒𝑏𝑡 )

𝐸𝑓𝑓𝑒𝑐𝑡𝑖𝑣𝑒 𝑇𝑎𝑥 𝑅𝑎𝑡𝑒,𝑡=𝑇𝑎𝑥/𝑃𝐵𝑇

 APOLLO TYRES
DuPont Analysis
2022 2021 2020
Net Profit Margin % A
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝑁𝑒𝑡 𝑆𝑎𝑙𝑒𝑠) Apollo 0.0% 0.0% 0.0%
MRF 0.0% 0.0% 0.0%
JK 0.0% 0.0% 0.0%
Total Asset Turnover Times B
(𝑁𝑒𝑡 𝑆𝑎𝑙𝑒𝑠)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠) Apollo - - -
MRF - - -
JK - - -
Return on Assets % AxB
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 ) Apollo 0.0% 0.0% 0.0%
MRF 0.0% 0.0% 0.0%
JK 0.0% 0.0% 0.0%
Financial Leverage Times C
𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦) Apollo - - -
MRF - - -
JK - - -
Return on Equity % AxBxC
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦) Apollo 0.0% 0.0% 0.0%
MRF 0.0% 0.0% 0.0%
JK 0.0% 0.0% 0.0%
Return on Capital Employed
2022 2021 2020
Return on Capital Employed (before tax) %
𝐸𝐵𝐼𝑇/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑑) Apollo 0.0% 0.0% 0.0%
MRF 0.0% 0.0% 0.0%
JK 0.0% 0.0% 0.0%
Return on Capital Employed (after tax) %
(𝐸𝐵𝐼𝑇(1−𝑡))/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑑) Apollo 0.0% 0.0% 0.0%
MRF 0.0% 0.0% 0.0%
JK 0.0% 0.0% 0.0%
 APOLLO TYRES
DuPont Analysis
2022 2021 2020
Net Profit Margin % A
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝑁𝑒𝑡 𝑆𝑎𝑙𝑒𝑠)

Total Asset Turnover Times B

(𝑁𝑒𝑡 𝑆𝑎𝑙𝑒𝑠)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠)

Return on Assets %
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 ) AxB

Financial Leverage Times C

𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦)

Return on Equity %
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦) AxBxC

Return on Capital Employed

2022 2021 2020
Return on Capital Employed (before tax) %
𝐸𝐵𝐼𝑇/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑑)

Return on Capital Employed (after tax) %

(𝐸𝐵𝐼𝑇(1−𝑡))/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑑)
 2022 2021 2020
Net Profit
Revenue

Average Total Assets

Average Total Equity

2022 2021 2020

EBIT
Average Total Debt
Average Capital Employed Average Total Debt + Average Total Equity

Effective tax rate Total Tax/PBT

 APOLLO TYRES
BALANCE SHEET (In Rs. Cr)
2022 2021 2020 2019 2018
ASSETS
Non-current assets
Property, plant and equipment 11,263.09 9,672.05 8,632.18 6,368.08 5,679.32
Capital work-in-progress 548.04 1,029.96 1,272.00 654.90 671.79
Right of use assets 522.34 524.49 620.97
Intangible assets 43.90 37.60 32.04 31.44 34.55
Financial assets
Investments 2,423.99 2,409.72 2,409.52 2,232.57 1,639.38
Other financial assets 394.05 368.83 232.61 121.06 88.29
Other non-current assets 33.61 223.24 365.05 730.45 152.33
Total non-current assets 15,229.01 14,265.88 13,564.44 10,138.50 8,265.66
Current Assets
Inventories 2,463.89 2,076.60 1,808.25 2,051.48 1,721.49
Financial assets
Investments 450.75 90.07 - - 1,339.05
Trade receivables 995.99 732.04 445.08 779.50 550.15
Cash and cash equivalents 315.40 225.81 225.63 210.38 254.45
Bank balances other than cash and cash
equivalents 210.02 1,174.44 10.96 7.19 6.07
Loans - 571.81
Other Financial Assets 128.41 289.70 74.74 28.34 43.31
Other current assets 229.06 308.91 352.89 433.56 390.60
Total current assets 4,793.52 4,897.57 2,917.55 3,510.44 4,876.92
Total Assets 20,022.53 19,163.45 16,481.99 13,648.94 13,142.58
EQUITY AND LIABILITIES
Equity
Equity share capital 63.51 63.51 57.21 57.21 57.21
Other equity 9,454.97 9,409.05 7,634.94 7,583.96 7,203.40
Total Equity 9,518.48 9,472.56 7,692.15 7,641.16 7,260.61
Liabilities
Non-current Liabilities
Financial Liabilities
Borrowings 3,531.01 3,660.43 3,208.32 2,443.86 1,864.39
Lease liabilities 466.70 465.16
Other financial liabilities 3.07 531.90 1.53 13.16
Provisions 49.04 49.48 50.33 49.88 45.07
Deferred tax liabilities (net) 705.33 673.37 531.27 575.46 544.34
Other non-current liabilities 605.73 510.48 375.45 287.95 343.34
Total non-current liabilities 5,357.82 5,361.99 4,697.37 3,358.68 2,810.30
Current Liabilities
Financial liabilities
Borrowings 855.28 686.10 1,118.07 292.51 647.42
Trade payables 2,784.41 1,929.26 1,610.71 1,368.66 1,512.57
Lease liabilities 84.93 69.94
Other financial liabilities 964.47 1,161.33 1,018.26 457.26 319.32
Other current liabilities 217.98 219.14 109.29 284.29 234.20
Provisions 194.78 192.34 180.19 165.98 265.12
Current tax liabilities (net) 44.39 70.79 55.95 80.40 93.04
Total current liabilities 5,146.23 4,328.90 4,092.48 2,649.10 3,071.67
Total Equity and Liabilities 20,022.53 19,163.45 16,481.99 13,648.94 13,142.58
 APOLLO TYRES LTD
PROFIT AND LOSS STATEMENT (in Rs. million)
2022 2021 2020 2019
Revenue from Operations 14,649.40 11,733.40 11,068.32 12,353.77
Other Income 126.90 121.52 28.61 111.47
Total Income 14,776.30 11,854.92 11,096.93 12,465.20
Expenses
Cost of materials consumed 9,493.77 6,238.32 6,072.95 7,583.84
Purchase of stock-in-trade 846.59 694.83 651.73 735.53
Changes in inventories of finished goods,
stock-in-trade and work-in-progress -348.45 6.92 112.83 -261.47
Excise duty on sales - - -
Employee benefits expenses 1,024.02 910.90 826.12 737.24
Finance costs 382.16 379.41 225.70 137.86
Depreciation and amortisation expense 823.91 713.38 620.71 446.33
Other expenses 2,202.68 1,848.11 2,005.52 2,079.51
Total expenses 14,424.68 10,791.87 10,515.54 11,458.84
Profit before exceptional items and tax 351.62 1,063.05 581.39 1,006.39
Exceptional items 1.27 11.02 200.00
Profit before tax 350.35 1,052.04 581.39 806.39
Tax expense - -
Current tax expense 61.16 190.44 102.66 180.65
Deferred tax 28.13 138.78 -29.90 33.63
Total tax 89.29 329.22 72.76 214.28
Net profit for the year 261.06 722.82 508.62 592.11
Other comprehensive Income / (loss) 7.13 0.62 -26.62 -4.67
Total Comprehensive income for the year 268.20 72.90 482.01 587.44
Other Equity Balance as on march 31 9,454.97 9,409.05 7,634.94 7,583.96
 2018
10,556.91
119.50
10,676.40

6,281.15
251.76

12.55
254.89
709.68
137.54
364.38
1,797.18
9,809.12
867.31

867.31

188.47
56.46
244.92
622.39
6.42
628.81
7,203.41
 MRF TYRES
DuPont Analysis
2022 2021 2020
Net Profit Margin % A
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝑁𝑒𝑡 𝑆𝑎𝑙𝑒𝑠)

Total Asset Turnover Times B

(𝑁𝑒𝑡 𝑆𝑎𝑙𝑒𝑠)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠)

Return on Assets %
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 ) AxB

Financial Leverage Times C

𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦)

Return on Equity %
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦) AxBxC

Return on Capital Employed

2022 2021 2020
Return on Capital Employed (before tax) %
𝐸𝐵𝐼𝑇/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑑)

Return on Capital Employed (after tax) %

(𝐸𝐵𝐼𝑇(1−𝑡))/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑑)
 2022 2021 2020
Net Profit
Revenue

Average Total Assets

Average Total Equity

2022 2021 2020

EBIT
Average Total Debt
Average Capital Employed Average Total Debt + Average Total Equity

Effective tax rate Total Tax/PBT

 MRF LTD
BALANCE SHEET (In Rs. Cr)
2022 2021 2020 2019 2018
ASSETS
Non-current assets
Property, plant and equipment 9,445.06 9,366.80 8,820.72 6,751.32 6,057.84
Capital work-in-progress 1,225.81 1,001.03 1,734.56 1,403.19 1,078.84
Right of use assets
Intangible assets 21.21 24.31 28.46 16.20 17.47
Financial assets
Investments 1,155.53 1,150.34 26.53 1,078.00 1,092.00
Other financial assets 73.76 21.61 30.44 16.34 16.33
Other non-current assets 827.82 548.02 555.59 642.13 342.31
Total non-current assets 12,749.19 12,112.11 11,196.30 9,907.18 8,604.79
Current Assets
Inventories 4,061.72 2,880.33 2,852.69 2,950.93 2,172.07
Financial assets
Investments 2,509.69 4,725.83 1,513.65 2,770.39 3,054.02
Trade receivables 2,283.26 2,112.50 2,257.03 2,361.62 2,135.92
Cash and cash equivalents 113.11 102.80 1,104.23 57.52 98.79
Bank balances other than cash and
cash equivalents 1.74 2.54 2.62 2.55 39.84
Loans 3.18 6.77 2.89 0.61 1.90
Other Financial Assets 766.97 60.28 50.75 33.91 8.64
Other current assets 204.54 256.69 173.95 142.77 185.41
Total current assets 9,944.21 10,147.74 7,957.81 8,320.30 7,696.59
Total Assets 22,693.40 22,259.58 19,154.31 18,227.68 16,301.80
EQUITY AND LIABILITIES
Equity
Equity share capital 4.24 4.24 4.24 4.24 4.24
Other equity 13,773.03 13,174.62 12,000.11 10,649.06 9,599.96
Total Equity 13,777.27 13,178.86 12,004.35 10,653.30 9,604.20
Liabilities
Non-current Liabilities
Financial Liabilities
Borrowings 817.21 811.76 779.03 1,054.73 1,319.33
Lease liabilities 350.87 312.63
Other financial liabilities 106.83 327.48
Provisions 218.67 211.25 189.16 167.80 152.74
Deferred tax liabilities (net) 393.30 378.50 427.83 839.20 619.01
Other non-current liabilities 182.54 184.22 250.64 76.29 58.08
Total non-current liabilities 2,069.42 1,898.36 1,974.14 2,138.02 2,149.16
Current Liabilities
Financial liabilities
Borrowings 1,186.51 334.27 241.99 408.86 229.08
Lease liabilities 60.08 54.99
Trade payables 2,774.32 4,109.56 2,340.14 2,327.64 1,998.96
Other financial liabilities 399.47 444.00 730.63 761.65 530.41
Other current liabilities 2,246.29 2,039.81 1,709.78 1,781.13 1,638.90
Provisions 180.04 199.73 153.08 149.23 142.83
Current tax liabilities (net) - - - 7.85 8.26
Total current liabilities 6,846.71 7,182.36 5,175.62 5,436.36 4,548.44
Total Equity and Liabilities 22,693.40 22,259.58 19,154.11 18,227.68 16,301.80
 MRF LTD
PROFIT AND LOSS STATEMENT (in Rs. Cr)
2022 2021 2020 2019 2018
Revenue from Operations 18989.51 15921.35 15991.14 15837 15181.05
Other Income 314.92 207.23 330.5 417.47 328.5
Total Income 19304.43 16128.58 16321.64 16254.47 15509.55
Expenses
Cost of materials consumed 13254.45 8853.63 9461.73 10220.4 8946.93
Purchase of stock-in-trade 17.01 15.78 22.3 29.86 44.89
Changes in inventories of finished
goods, stock-in-trade and work-in-
progress -844.92 359.36 24.88 -608.6 76.04
Excise duty on sales 0 0 0 0 405.15
Employee benefits expenses 1471.94 1387.87 1320.51 1144.28 1074.65
Finance costs 247.01 264.72 274.26 247.79 245.17
Depreciation and amortisation
expense 1201.41 1136.92 980.62 806.27 705.34
Other expenses 3078.37 2410.03 2838.02 2805.58 2409.47
Total expenses 18425.27 14428.31 14922.32 14645.58 13907.64
Profit before exceptional items and
tax 879.16 1700.27 1399.32 1608.89 1601.91
Exceptional items
Profit before tax 879.16 1700.27 1399.32 1608.89 1601.91
Tax expense
Current tax expense 221.95 489.72 401.8 330 390.77
Deferred tax 9.87 -38.51 -397.46 182.02 118.86
Total tax 231.82 451.21 4.34 512.02 509.63
Net profit for the year 647.34 1249.06 1394.98 1096.87 1092.28

Other comprehensive Income / (loss) 14.67 -32.14 -9.61 -17.11 -1.89

Total Comprehensive income for the
year 662.01 1216.92 1385.37 1079.76 1090.39

Other Equity Balance as on march 31 13773.03 13174.62 12000.11 10649.06 9599.96

 JK TYRES
DuPont Analysis
2022 2021 2020
Net Profit Margin % A
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝑁𝑒𝑡 𝑆𝑎𝑙𝑒𝑠)

Total Asset Turnover Times B

(𝑁𝑒𝑡 𝑆𝑎𝑙𝑒𝑠)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠)

Return on Assets %
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 ) AxB

Financial Leverage Times C

𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦)

Return on Equity %
(𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡)/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑇𝑜𝑡𝑎𝑙 𝐸𝑞𝑢𝑖𝑡𝑦) AxBxC

Return on Capital Employed

2022 2021 2020
Return on Capital Employed (before tax) %
𝐸𝐵𝐼𝑇/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑑)

Return on Capital Employed (after tax) %

(𝐸𝐵𝐼𝑇(1−𝑡))/(𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑑)
 2022 2021 2020
Net Profit
Revenue

Average Total Assets

Average Total Equity

2022 2021 2020

EBIT
Average Total Debt
Average Capital Employed Average Total Debt + Average Total Equity

Effective tax rate Total Tax/PBT

 JK TYRE AND INDUSTRIES LTD
BALANCE SHEET (In Rs. Cr)
2022 2021 2020 2019 2018
ASSETS
Non-current assets
Property, plant and equipment 3,346.52 3,335.47 3,489.99 3,320.46 3,566.82
Capital work-in-progress 73.33 64.12 60.88 73.80 83.31
Right of use assets
Intangible assets 8.35 6.58 8.97 9.86 11.10
Financial assets
Investments 791.11 733.10 723.80 596.61 544.87
Other financial assets (including
loans) 121.20 133.41 151.31 128.61 136.52
Other non-current assets 16.79 15.10 28.28 35.41 33.97
Total non-current assets 4,357.30 4,287.78 4,463.23 4,164.75 4,376.59
Current Assets
Inventories 1,532.84 1,194.58 1,095.53 1,136.12 1,026.01
Financial assets
Investments
Trade receivables 1,667.38 1,367.28 1,436.03 1,632.45 1,289.72
Cash and cash equivalents 53.16 41.11 20.90 75.84 59.80
Bank balances other than cash
and cash equivalents 23.11 21.86 25.38 24.46 12.49
Loans -
Other Financial Assets 190.25 127.18 116.19 140.85 186.65
Other current assets 320.78 216.42 331.23 230.91 227.15
Total current assets 3,787.52 2,968.43 3,025.26 3,240.63 2,801.82
Total Assets 8,144.82 7,256.21 7,488.49 7,405.38 7,178.41
EQUITY AND LIABILITIES
Equity
Equity share capital 49.25 49.25 49.25 49.24 45.36
Other equity 2,476.85 2,349.14 2,113.25 1,945.88 1,598.93
Total Equity 2,526.10 2,398.39 2,162.50 1,995.12 1,644.29
Liabilities
Non-current Liabilities
Financial Liabilities
Borrowings 972.06 1,188.48 1,465.00 1,558.22 1,475.75
Lease liabilities 58.70 88.52
Other financial liabilities 506.82 479.93 501.70 314.36 298.45
Provisions 30.80 28.88 31.33 26.66 24.15
Deferred tax liabilities (net) 342.76 311.43 243.67 404.91 373.84
Other non-current liabilities
Total non-current liabilities 1,911.14 2,097.24 2,241.70 2,304.15 2,172.19
Current Liabilities
Financial liabilities
Borrowings 1,848.87 1,145.59 1,528.13 1,451.85 1,522.38
Lease liabilities 37.62 48.83
Trade payables 1,380.52 1,196.15 943.71 979.10 961.39
 Other financial liabilities 276.31 223.07 511.64 527.92 769.67
Other current liabilities 158.00 140.04 79.02 139.55 120.36
Provisions 6.26 6.90 21.79 7.69 6.13
Current tax liabilities (net)
Total current liabilities 3,707.58 2,760.58 3,084.29 3,106.11 3,379.93
Total Equity and Liabilities 8,144.82 7,256.21 7,488.49 7,405.38 7,178.41
 JKTYRES AND INDUSTRIES LTD
PROFIT AND LOSS STATEMENT (in Rs. Cr)
2022 2021 2020 2019 2018
Revenue from Operations 8032.06 6134.52 6094.84 7610.4 6578.5
Other Income 30.2 35.6 25.39 79.27 32.45
Total Income 8062.26 6170.12 6120.23 7689.67 6610.95
Expenses
Cost of materials consumed 5099.09 3255.87 3157.83 4071.3 3748.74
Purchase of stock-in-trade 612.17 451.65 769.42 1273.24 667.96
Changes in inventories of finished
goods, stock-in-trade and work-in-
progress -170.27 84.52 -40.98 -180.24 -69.8
Excise duty on sales 125.15
Employee benefits expenses 607.4 547.99 553.76 560.36 523.6
Finance costs 229.61 266.27 342.92 316.28 274.12
Depreciation and amortisation
expense 240.74 245.99 242.39 188.36 175.14
Other expenses 1183.17 943.48 1002.57 1157.49 1095.5
Total expenses 7801.91 5795.77 6027.91 7386.79 6540.41

Profit before exceptional items and tax 260.35 374.35 92.32 302.88 70.54
Exceptional items 3.95 21.21 -7.15 1.8 -6.69
Profit before tax 264.3 395.56 85.17 304.68 63.85
Tax expense
Current tax expense 96.41 128 16.57 42.54 -2.48
Deferred tax -15.15 11.11 -160.06 57.74 23.24
Total tax 81.26 139.11 -143.49 100.28 20.76
Net profit for the year 183.04 256.45 228.66 204.4 43.09
Other comprehensive Income / (loss) -6.08 -3.32 -16.76 -10.27 -4.5
Total Comprehensive income for the
year 176.96 253.13 211.9 194.13 38.59
Other Equity Balance as on march 31 2476.85 2349.14 2113.25 1945.88 1598.93