Particulars Mar-20 Mar-21 ### Mar-23

Income
Revenue from operations 39783 47028 52446 60580
Other income 632 410 258 512
Total Income 40415 47438 52704 61092
Expenses
Cost of Material Consumed 11976 15432 16446 20212
Purchases of stock in trade 6391 7121 9311 11579
Changes in inventories of finished goods(including stock in
trade and work in progress) -108 -405 -22 -75
Employee benefit expenditure 1820 2358 2545 2854
Finance costs 118 117 106 114
Depreciation and amoertisation expense 1002 1074 1091 1137
other expense 9843 10896 11309 11861
Total expense 31042 36593 40786 47682
Profit before exceptional items and tax 9373 10845 11918 13409
exceptional items (net) -200 -239 -44 -64
Profit before tax from continuing operations 9173 10606 11874 13345
Tax expense
Current tax -2243 -2520 -2840 -3001
Deferred tax credit/(Change) -166 -86 -147 -200
Profit after tax from continuing operations(A) 6764 8000 8887 10144
Profit /(Loss) from discontinued operations before tax -6 -1 3 -1
Tax expenses of discontinued operations -2 2
Profit or loss from discontinued operations after tax (B) -8 -1 5 -1
PROFIT FOR THE YEAR(A+B) 6756 7999 8892 10143

OTHER COMPREHENSIVE INCOME FOR THE YEAR(C) -89 21 115 -26

TOTAL COMPREHENSIVE INCOME FOR THE YEAR(A+B+C) 6667 8020 9007 10117
BASIC EPS(Face value of rupees 1 each) 31.17 34.03 37.79 43.07

avg closing prices 2047 2299 2323 2507

price to earnings 65.6721 67.55804 61.471 58.20757
 3/31/2024 Common size statement
Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Average Assumptions
61896 Sales growth 18.21% 11.52% 15.51% 2.17% 11.85% 7%
811 1.59% 0.87% 0.49% 0.85% 1.31% 1.02% 1.02%
62707 101.59% 100.87% 100.49% 100.85% 101.31% 101.02% 101.02%

19257 30.10% 32.81% 31.36% 33.36% 31.11% 31.75% 31.75%

10514 16.06% 15.14% 17.75% 19.11% 16.99% 17.01% 17.01%

-11 -0.27% -0.86% -0.04% -0.12% -0.02% -0.26% -0.26%

3009 4.57% 5.01% 4.85% 4.71% 4.86% 4.80% 4.80%
334 0.30% 0.25% 0.20% 0.19% 0.54% 0.30% 0.30%
1216 2.52% 2.28% 2.08% 1.88% 1.96% 2.14% 2.14%
14464 24.74% 23.17% 21.56% 19.58% 23.37% 22.48% 22.48%
48783 78.03% 77.81% 77.77% 78.71% 78.81% 78.23% 78.22%
13920 23.56% 23.06% 22.72% 22.13% 22.49% 22.79% 22.80%
6 -0.50% -0.51% -0.08% -0.11% 0.01% -0.24% 0.01%
13926 23.06% 22.55% 22.64% 22.03% 22.50% 22.56% 22.81%

-3521 -5.64% -5.36% -5.42% -4.95% -5.69% -5.41%

-25.23%
-123 -0.42% -0.18% -0.28% -0.33% -0.20% -0.28%
10282 17.00% 17.01% 16.95% 16.74% 16.61% 16.86%
-0.02% 0.00% 0.01% 0.00% 0.00% 0.00%
-0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.02% 0.00% 0.01% 0.00% 0.00% 0.00%
10282 16.98% 17.01% 16.95% 16.74% 16.61% 16.86%

25 -0.22% 0.04% 0.22% -0.04% 0.04% 0.01%

10307 16.76% 17.05% 17.17% 16.70% 16.65% 16.87%
43.74 0.08% 0.07% 0.07% 0.07% 0.07% 0.07%

2398 5.15% 4.89% 4.43% 4.14% 3.87% 4.50%

54.8239598
 2025
Projections Here from March 2023 to March 2024 ,sales are increased with very
minimum growth rate which is 2.17% comparing to previous year
66228.72
growth rates which are more than 10% every year and due to this
675.532944 the average is also very high which is 11.85% but from 2 percent to
66904.252944 approx 12 %growth is may not happen thats why i am assuming
growth rate which is 7% and it is neither very high nor very low.
21027.6186
11266.872171

-172.194672
3178.97856
198.68616
1417.294608
14888.216256
51805.471683
15098.781261
8
15106.78 (Projected Profit Before tax)

-3811.440912 (Tax
expense) Tax Expense
11295.34 (PAT) % Of Profit Projection
2020 2021 2022 2023 2024 2025
-26.26% -24.57% -25.16% -23.99% -26.17% -25.23%

Computation of EPS Computation of Intrinsic value

PAT or Net
profit / No of
outstanding Formula:projected eps*avg p/e
shares
Average P/E 61.55 INTERPRETATION
PAT=11295.34 PEPS 48.07 2505 is current market price of stock 2958 is
No of intrinsic value of stock,since cmp is less than
outstanding Intrinsic value 2958.25 intrinsic value of stock ,it is preferable to bu
shares=235 stock why because the stock had a potential
till 2958.
PEPS :- 48.0652766
 Projection

ON
rket price of stock 2958 is
tock,since cmp is less than
tock ,it is preferable to buy the
the stock had a potential to go