WORKING CAPITAL MANAGEMENT ANALYSIS OF SELECTED AUTOMOBILE

INDUSTRIES

Project submitted to the Bharathiar University in partial fulfilment of the

requirements for the award of the degree of

BACHELOR OF COMMERCE WITH

PROFESSIONAL ACCOUNTING
BY

G. AJITH KUMAR
(Reg. No: 202AK0151)

Under the Guidance of

Dr. P.S. DEEPA M.Com., M.Phil., PGDCA., Ph.D.
Assistant Professor & Head
DEPARTMENT OF COMMERCE PA

SANKARA COLLEGE OF SCIENCE AND COMMERCE

An ISO 9001 :2015 Certified Institution,
Re-Accredited by NAAC with ‘A+’ (Cycle – II)
Affiliated to Bharathiar University, Coimbatore
Approved by AICTE, New Delhi.
Saravanampatti, Coimbatore – 641 035
Tamil Nadu, India.

APRIL 2023
 CERTIFICATE

This is to certify that the project, entitled “WORKING CAPITAL MANAGEMENT

ANALYSIS OF SELECTED AUTOMOBILE INDUSTRIES” submitted to the Bharathiar
University in partial fulfilment of the requirements for the award of the degree of Bachelor of
Commerce With Professional Accounting is a record of original research work done by G.
AJITH KUMAR (Reg.No. 202AK0151) during the period 2022 - 2023 of his study in the
Department of Commerce PA at Sankara College of Science and Commerce, Coimbatore
affiliated to Bharathiar University, under my supervision and guidance and the project has not
formed the basis for the award of any Degree / Diploma / Associateship / Fellowship or other
similar title to any candidate of any university.

Head of the Department Signature of the Guide Signature of Principal

Submitted for the Viva-Voce examination held on _______________________

Internal Examiner External Examiner

 DECLARATION

I, G. AJITH KUMAR hereby declare that the project, entitled, “WORKING

CAPITAL MANAGEMENT ANALYSIS OF SELECTED AUTOMOBILE INDUSTRIES”
submitted to the Bharathiar University in partial fulfilment of the requirements for the award
of the degree of Bachelor Of Commerce With Professional Accounting is a record of
original research work done by me during 2022 – 2023 under the supervision and guidance of
Dr. P.S. DEEPA M.Com., M.Phil., PGDCA., Ph.D. Assistant Professor & Head, Department
of Commerce PA, Sankara College of Science and Commerce, Coimbatore and it has not
formed the basis for the award of any Degree / Diploma / Associateship / Fellowship or other
similar title to any candidate of any University.

Place: Coimbatore

Date:

Signature of the Candidate

 ACKNOWLEDGEMENT

I wish to thank on this graceful occasion of my project submission, all the people
extended their deemed co-operation to me for the successful completion of this project.

First I am thankful to Thiru. T.P. Ramachandran, Managing Trustee and Secretary,

Sankara College of Science and Commerce, for giving me an opportunity and wishing me
for the best endeavour.

I express my sincere and hearty thanks to Smt. Sandhya Ramachandran,J oint

Secretary and Ms. Nithya Ramachandran, Deputy Joint Secretary, Sankara College of
Science and Commerce, for having been a constant source of encouragement throughout the
course period.

I wish to express my deep sense of gratitude and everlasting thanks to

Dr,V.Radhika, Principal, Sankara College of Science and Commerce, for having been a
constant source of encouragement throughout the project period.

I offer my humble and cordial salutations to my guide Dr.P.S.Deepa Assistant

professor & Head, Department of Commerce PA, Sankara College of Science and Commerce,
for her continuous support throughout my project work and for his patience, motivation and
immense knowledge. Her guidance helped me in all the time of research and writing of this
project.
I extend my profound thanks to Dr.B.Devi priya , Assistant Professor,
Mrs.R.UmaDevi, Assistant professor, Mr.N.Thiagarajan, Assistant Professor, and
Dr.Shankaranarayanan, Assistant Professor, Department of Commerce PA, Sankara College
of Science and Commerce, who supported me to complete my project work.

I pay my respect and love to my parents and all other family members for their love and
encouragement throughout the career. Last but not the least I express my sincere thanks to my
beloved friends for their cooperation and support for successful completing of the project

G. AJITH KUMAR
 TABLE OF CONTENTS

CHAPTER CONTENTS PAGE

NO.
NO.

I INTRODUCTION OF THE STUDY 1

II REVIEW OF LITERATURE 7

III COMPANY PROFILE 14

IV ANALYSIS AND INTERPRETATION 39

V SUMMARY OF FINDINGS, 64
SUGGESTIONS AND CONCLUSION

BIBLOGRAPHY

ANNEXURE
 LIST OF TABLES

TABLE TITLE PAGE NO.

NO.

4.1 CURRENT RATIO 40

4.2 QUICK RATIO 42

4.3 RETURN ON INVESTMENT 45

4.4 GROSS PROFIT RATIO 47

4.5 OPERATING PROFIT RATO 51

4.6 NET PROFIT RATIO 53

4.7 INVENTORY TURNOVER RATIO 56

4.8 DEBTORS TURNOVER RATIO 58

4.9 WORKING CAPITAL TURNOVER RATIO 60

4.10 FIXED ASSET TURNOVER RATIO 62

 LIST OF CHARTS

CHART TITLE PAGE NO.

NO.

4.1 CURRENT RATIO 41

4.2 QUICK RATIO 43

4.3 RETURN ON INVESTMENT 46

4.4 GROSS PROFIT RATIO 49

4.5 OPERATING PROFIT RATIO 52

4.6 NET PROFIT RATIO 54

4.7 INVENTORY TURNOVER RATIO 57

4.8 DEBTORS TURNOVER RATIO 59

4.9 WORKING CAPITAL TURNOVER RATIO 61

4.10 FIXED ASSET TURNOVER RATIO 63

REFERENCES:
1. Mohammed Rafiqul Islam (2000), The profitability of fertilizer industry in. Bangladesh,
Vol.35, No.8, Pp 338-345.

2. Patra Santimoy, (2005), Liquidity Vs Profitability, Indian Journal of Accounting, Vol.

XXXV, No. 2, pp. 39-43

3. Sur D., Biswas J., Ganguly P. (2001). Liquidity management in India private sector
enterprises: A case study of India primary aluminum producing industry. Indian Journal of
Accounting, 36(10), 14.

4. Sur D., “Liquidity Management: An overview of four companies in Indian Power Sector”
The Management Account Vol. 36(6). Pp. 407-412

5. Kumar Sanjay Sawarni, Sivasankaran Narayanasamy, Purna Chandra Padhan, Impact of

earnings management on working capital management efficiency, Finance Research Letters,
10.1016/j.frl.2023.103778, (103778), (2023).

6. Kamlesh Kumar, N. Sivasankaran, Prasenjit Chakrabarti, A. Kanagaraj, Giridhar

Ramachandran, How Does Efficient Working Capital Management Impact a Firm’s
Fundamentals? Evidence from India, Global Business Review, 10.1177/09721509221105795,
(097215092211057), (2022).

7. Jacek Jaworski, Leszek Czerwonka, Which Determinants Matter for Working Capital
Management in Energy Industry? The Case of European Union Economy, Energies,
10.3390/en15093030, 15, 9, (3030)

8. Emmanuel Asare, De-Graft Owusu-Manu, Joshua Ayarkwa, David John Edwards,

Conceptual review study of working capital management practices in the construction industry:
trends and research prospects in Ghana, Journal of Engineering, Design and Technology,
10.1108/JEDT-01-2022-0017, (2022).

9. Ahsan Akbar, Minhas Akbar, Marina Nazir, Petra Poulova, Samrat Ray, Does Working
Capital Management Influence Operating and Market Risk of Firms?, Risks,
10.3390/risks9110201, 9, 11, (201), (2021).

10. Sorin Anton, Anca Afloarei Nucu, The Impact of Working Capital Management on Firm
Profitability: Empirical Evidence from the Polish Listed Firms, Journal of Risk and Financial
Management, 10.3390/jrfm14010009, 14, 1, (9), (2020).
 BIBILIOGRAPHY:

Websites:

https://www.moneycontrol.com/

https://www.sciencedirect.com/

https://startuptalky.com/

https://business.mapsofindia.com/

https://www.cogoport.com/

https://www.investopedia.com/

https://www.bcasonline.org/

https://www.vedantu.com/
 ANNEXURE

Maruti Suzuki India Previous Years »

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 151.00 151.00 151.00 151.00 151.00

Total Share Capital 151.00 151.00 151.00 151.00 151.00

Reserves and Surplus 53,935.00 51,215.80 48,286.00 45,990.50 41,606.30

Total Reserves and Surplus 53,935.00 51,215.80 48,286.00 45,990.50 41,606.30

Total Shareholders Funds 54,086.00 51,366.80 48,437.00 46,141.50 41,757.30

NON-CURRENT LIABILITIES

Deferred Tax Liabilities [Net] 0.00 384.70 598.40 564.00 558.90

Other Long Term Liabilities 2,211.30 2,164.50 2,170.30 2,036.50 1,585.30

Long Term Provisions 83.30 44.70 51.60 39.50 26.50

Total Non-Current Liabilities 2,294.60 2,593.90 2,820.30 2,640.00 2,170.70

CURRENT LIABILITIES

Short Term Borrowings 381.90 488.80 106.30 149.60 110.80

Trade Payables 9,761.00 10,161.70 7,494.10 9,633.00 10,497.00

Other Current Liabilities 6,009.50 4,714.60 3,014.80 3,743.30 4,274.30

Short Term Provisions 861.30 741.60 679.60 624.40 560.00

Total Current Liabilities 17,013.70 16,106.70 11,294.80 14,150.30 15,442.10

Total Capital And Liabilities 73,394.30 70,067.40 62,552.10 62,931.80 59,370.10

ASSETS

NON-CURRENT ASSETS

Tangible Assets 13,367.40 14,732.80 15,374.50 14,956.70 13,047.30

Intangible Assets 349.90 224.20 335.80 451.10 311.70

Capital Work-In-Progress 2,639.10 1,192.30 1,337.40 1,600.10 2,125.90

Intangible Assets Under Development 290.30 297.50 70.90 0.00 0.00

Fixed Assets 16,646.70 16,446.80 17,118.60 17,007.90 15,484.90

Non-Current Investments 36,663.20 33,371.00 35,248.80 31,469.50 34,072.90

Deferred Tax Assets [Net] 202.70 0.00 0.00 0.00 0.00

Long Term Loans And Advances 0.20 0.20 0.20 0.20 0.20

Other Non-Current Assets 3,100.30 1,722.70 1,757.10 2,092.60 1,890.70

Total Non-Current Assets 56,613.10 51,540.70 54,124.70 50,570.20 51,448.70

CURRENT ASSETS

Current Investments 4,100.10 8,415.70 1,218.80 5,045.50 1,217.30

Inventories 3,533.10 3,050.00 3,214.90 3,325.70 3,160.80

Trade Receivables 2,030.10 1,276.60 1,974.90 2,310.40 1,461.80

Cash And Cash Equivalents 3,036.20 3,036.40 21.10 178.90 71.10

Short Term Loans And Advances 30.50 23.00 16.90 16.00 3.00

OtherCurrentAssets 4,051.20 2,725.00 1,980.80 1,485.10 2,007.40

Total Current Assets 16,781.20 18,526.70 8,427.40 12,361.60 7,921.40

Total Assets 73,394.30 70,067.40 62,552.10 62,931.80 59,370.10

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 20,420.30 15,502.20 12,955.50 12,090.30 6,696.80

CIF VALUE OF IMPORTS

Raw Materials 4,001.10 2,875.00 2,487.60 4,396.90 3,887.90

Stores, Spares And Loose Tools 74.90 91.30 74.10 114.20 108.20

Trade/Other Goods 44.40 475.30 64.00 58.50 66.10

Capital Goods 803.00 672.10 917.30 1,331.20 648.30

EXPENDITURE IN FOREIGN EXCHANGE

Expenditure In Foreign Currency 7,467.20 7,855.00 9,099.00 12,802.70 9,328.40

REMITTANCES IN FOREIGN CURRENCIES FOR

DIVIDENDS

Dividend Remittance In Foreign

- - - - -
Currency
EARNINGS IN FOREIGN EXCHANGE

FOB Value Of Goods - - - - -

Other Earnings 11,064.20 4,585.70 5,424.60 5,218.60 5,455.90

BONUS DETAILS

Bonus Equity Share Capital - - - - -

NON-CURRENT INVESTMENTS

Non-Current Investments Quoted Market

1,484.10 1,132.30 84.30 1,077.30 1,371.00
Value

Non-Current Investments Unquoted

39,502.10 32,422.40 34,775.70 30,609.10 33,041.90
Book Value

CURRENT INVESTMENTS

Current Investments Quoted Market

- - - - -
Value

Current Investments Unquoted Book

4,100.10 8,415.70 1,218.80 5,045.50 1,217.30
Value

Maruti Suzuki India « Next Years Previous Years »

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar 17 Mar 16 Mar 15 Mar 14 Mar 13

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 151.00 151.00 151.00 151.00 151.00

Total Share Capital 151.00 151.00 151.00 151.00 151.00

Reserves and Surplus 36,280.10 29,733.20 23,553.20 20,827.00 18,427.90

Total Reserves and Surplus 36,280.10 29,733.20 23,553.20 20,827.00 18,427.90

Total Shareholders Funds 36,431.10 29,884.20 23,704.20 20,978.00 18,578.90

NON-CURRENT LIABILITIES

Long Term Borrowings 0.00 0.00 144.80 460.40 542.90

Deferred Tax Liabilities [Net] 466.20 194.30 481.00 586.60 408.70

Other Long Term Liabilities 1,105.00 807.50 105.40 238.60 250.30

Long Term Provisions 21.90 14.80 292.60 198.00 225.90

Total Non-Current Liabilities 1,593.10 1,016.60 1,023.80 1,483.60 1,427.80

CURRENT LIABILITIES

Short Term Borrowings 483.60 77.40 35.40 1,224.70 846.30

Trade Payables 8,367.30 7,407.30 5,561.40 4,897.50 4,157.90

Other Current Liabilities 3,926.50 3,155.60 1,865.80 1,274.20 1,075.10

Short Term Provisions 449.00 398.90 1,360.40 677.70 648.20

Total Current Liabilities 13,226.40 11,039.20 8,823.00 8,074.10 6,727.50

Total Capital And Liabilities 51,250.60 41,940.00 33,551.00 30,535.70 26,734.20

ASSETS

NON-CURRENT ASSETS

Tangible Assets 12,919.70 12,163.10 11,967.00 10,607.70 9,576.50

Intangible Assets 373.00 346.90 292.30 182.70 222.70

Capital Work-In-Progress 1,252.30 1,006.90 1,882.80 2,621.40 1,940.90

Fixed Assets 14,545.00 13,516.90 14,142.10 13,411.80 11,740.10

Non-Current Investments 26,302.20 18,875.40 9,817.60 1,304.80 1,873.50

Long Term Loans And Advances 0.30 0.40 1,349.30 1,638.40 1,280.00

Other Non-Current Assets 1,626.90 1,701.30 44.10 9.00 894.60

Total Non-Current Assets 42,474.40 34,094.00 25,353.10 16,364.00 15,788.20

CURRENT ASSETS

Current Investments 2,178.80 1,056.80 2,996.40 8,813.10 5,204.80

Inventories 3,262.20 3,132.10 2,615.00 1,705.90 1,840.70

Trade Receivables 1,199.20 1,322.20 1,069.80 1,413.70 1,469.90

Cash And Cash Equivalents 13.80 42.20 18.30 629.70 775.00

Short Term Loans And Advances 2.50 147.80 1,172.80 1,251.10 1,115.30

OtherCurrentAssets 2,119.70 2,144.90 325.60 358.20 540.30

Total Current Assets 8,776.20 7,846.00 8,197.90 14,171.70 10,946.00

Total Assets 51,250.60 41,940.00 33,551.00 30,535.70 26,734.20

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 6,744.90 9,368.70 9,228.60 7,210.20 8,193.30

CIF VALUE OF IMPORTS

Raw Materials 3,725.40 3,363.20 3,181.80 3,095.50 4,234.40

Stores, Spares And Loose Tools 115.50 100.00 75.80 68.30 66.30

Trade/Other Goods 20.10 62.90 23.10 41.60 12.80

Capital Goods 1,481.80 738.30 1,011.20 1,731.20 1,476.20

EXPENDITURE IN FOREIGN EXCHANGE

Expenditure In Foreign Currency 0.00 3,792.60 3,300.30 3,087.40 3,102.00

REMITTANCES IN FOREIGN CURRENCIES FOR

DIVIDENDS

Dividend Remittance In Foreign Currency - 424.50 203.70 135.80 117.50

EARNINGS IN FOREIGN EXCHANGE

FOB Value Of Goods - 4,735.30 4,633.20 4,141.70 4,560.10

Other Earnings - 57.00 - - -

BONUS DETAILS

Bonus Equity Share Capital - - - - -

NON-CURRENT INVESTMENTS

Non-Current Investments Quoted Market

1,027.40 583.90 560.50 237.70 147.40
Value

Non-Current Investments Unquoted Book

25,606.20 18,404.60 9,791.10 1,278.30 1,867.40
Value

CURRENT INVESTMENTS

Current Investments Quoted Market

- - - - -
Value

Current Investments Unquoted Book

2,178.80 1,056.80 2,996.40 8,813.10 5,229.80
Value

Maruti Suzuki India Previous Years »

Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME

Revenue From Operations [Gross] 83,798.10 66,562.10 71,690.40 83,026.50 80,336.50

Less: Excise/Sevice Tax/Other Levies 0.00 0.00 0.00 0.00 2,231.70

Revenue From Operations [Net] 83,798.10 66,562.10 71,690.40 83,026.50 78,104.80

Other Operating Revenues 4,497.50 3,770.40 3,920.20 2,993.80 1,657.90

Total Operating Revenues 88,295.60 70,332.50 75,610.60 86,020.30 79,762.70

Other Income 1,793.50 2,946.40 3,420.80 2,561.00 2,045.50

Total Revenue 90,089.10 73,278.90 79,031.40 88,581.30 81,808.20

EXPENSES

Cost Of Materials Consumed 39,738.70 33,296.90 34,636.60 45,023.90 44,941.30

Purchase Of Stock-In Trade 26,390.50 17,247.20 18,758.10 15,019.50 9,993.00

Changes In Inventories Of FG,WIP And

-91.90 273.10 -238.10 210.80 40.70
Stock-In Trade

Employee Benefit Expenses 4,022.20 3,402.90 3,383.90 3,254.90 2,833.80

Finance Costs 125.90 100.80 132.90 75.80 345.70

Depreciation And Amortisation Expenses 2,786.50 3,031.50 3,525.70 3,018.90 2,757.90

Other Expenses 12,679.40 10,839.90 11,889.20 11,634.00 9,991.50

Less: Inter Unit / Segment / Division

144.50 72.80 121.70 122.10 99.10
Transfer

Total Expenses 85,506.80 68,119.50 71,966.60 78,115.70 70,804.80

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Loss Before Exceptional,

4,582.30 5,159.40 7,064.80 10,465.60 11,003.40
ExtraOrdinary Items And Tax

Profit/Loss Before Tax 4,582.30 5,159.40 7,064.80 10,465.60 11,003.40

Tax Expenses-Continued Operations

Current Tax 1,430.10 1,155.60 1,374.80 2,932.30 3,349.50

Deferred Tax -614.10 -225.90 39.40 32.70 -67.90

Total Tax Expenses 816.00 929.70 1,414.20 2,965.00 3,281.60

Profit/Loss After Tax And Before

3,766.30 4,229.70 5,650.60 7,500.60 7,721.80
ExtraOrdinary Items

Profit/Loss From Continuing

3,766.30 4,229.70 5,650.60 7,500.60 7,721.80
Operations
Profit/Loss For The Period 3,766.30 4,229.70 5,650.60 7,500.60 7,721.80

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) 124.68 140.02 187.06 248.30 255.62

Diluted EPS (Rs.) 124.68 140.02 187.06 248.30 255.62

VALUE OF IMPORTED AND INDIGENIOUS RAW

MATERIALS

Imported Raw Materials 2,971.30 2,096.00 2,019.30 2,948.90 2,996.50

Indigenous Raw Materials 36,767.40 31,200.90 32,617.30 42,075.00 41,944.80

STORES, SPARES AND LOOSE TOOLS

Imported Stores And Spares 56.90 69.20 60.70 76.10 69.60

Indigenous Stores And Spares 376.00 354.20 266.40 428.50 435.60

DIVIDEND AND DIVIDEND PERCENTAGE

Equity Share Dividend 1,359.40 1,812.50 2,416.60 2,416.60 2,265.60

Tax On Dividend 0.00 0.00 496.80 496.80 461.20

Equity Dividend Rate (%) 1,200.00 900.00 1,200.00 1,600.00 1,600.00

Maruti Suzuki India « Next Years Previous Years »

Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------

Mar 17 Mar 16 Mar 15 Mar 14 Mar 13

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME

Revenue From Operations [Gross] 76,140.80 63,957.70 53,768.50 47,822.80 48,114.70

Less: Excise/Sevice Tax/Other Levies 9,231.40 7,516.50 5,163.00 5,178.00 5,502.10

Revenue From Operations [Net] 66,909.40 56,441.20 48,605.50 42,644.80 42,612.60

Other Operating Revenues 1,125.40 1,096.90 1,365.10 1,055.80 975.30

Total Operating Revenues 68,034.80 57,538.10 49,970.60 43,700.60 43,587.90

Other Income 2,300.10 1,461.00 831.60 822.90 812.40

Total Revenue 70,334.90 58,999.10 50,802.20 44,523.50 44,400.30

EXPENSES

Cost Of Materials Consumed 42,629.60 35,483.90 32,867.80 28,898.90 30,349.20

Purchase Of Stock-In Trade 4,482.10 3,206.60 2,665.20 2,431.40 2,186.40

Changes In Inventories Of FG,WIP And

-380.10 6.90 -455.90 18.50 23.40
Stock-In Trade

Employee Benefit Expenses 2,331.00 1,978.80 1,606.60 1,368.10 1,069.60

Finance Costs 89.40 81.50 206.00 175.90 189.80

Depreciation And Amortisation Expenses 2,602.10 2,820.20 2,470.30 2,084.40 1,861.20

Other Expenses 8,724.10 8,037.70 6,643.10 5,922.10 5,773.50

Less: Inter Unit / Segment / Division

103.60 60.20 69.10 34.30 43.80
Transfer

Total Expenses 60,374.60 51,555.40 45,934.00 40,865.00 41,409.30

Mar 17 Mar 16 Mar 15 Mar 14 Mar 13

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Loss Before Exceptional,

9,960.30 7,443.70 4,868.20 3,658.50 2,991.00
ExtraOrdinary Items And Tax

Profit/Loss Before Tax 9,960.30 7,443.70 4,868.20 3,658.50 2,991.00

Tax Expenses-Continued Operations

Current Tax 2,335.60 2,041.40 1,302.60 747.90 722.80

Less: MAT Credit Entitlement 0.00 0.00 70.40 0.00 90.40

Deferred Tax 274.50 38.00 -75.20 127.60 -33.50

Total Tax Expenses 2,610.10 2,079.40 1,157.00 875.50 598.90

Profit/Loss After Tax And Before

7,350.20 5,364.30 3,711.20 2,783.00 2,392.10
ExtraOrdinary Items

Profit/Loss From Continuing

7,350.20 5,364.30 3,711.20 2,783.00 2,392.10
Operations

Profit/Loss For The Period 7,350.20 5,364.30 3,711.20 2,783.00 2,392.10

Mar 17 Mar 16 Mar 15 Mar 14 Mar 13

 12 mths 12 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) 243.32 177.58 123.00 92.13 79.19

Diluted EPS (Rs.) 242.91 177.58 123.00 92.13 79.19

VALUE OF IMPORTED AND INDIGENIOUS RAW

MATERIALS

Imported Raw Materials 3,322.10 2,615.80 2,395.30 2,657.10 3,677.60

Indigenous Raw Materials 39,307.50 32,868.10 30,472.50 26,241.80 26,671.60

STORES, SPARES AND LOOSE TOOLS

Imported Stores And Spares 67.20 58.50 51.90 46.50 70.70

Indigenous Stores And Spares 425.60 400.00 306.60 247.50 287.00

DIVIDEND AND DIVIDEND PERCENTAGE

Equity Share Dividend 1,057.30 755.20 755.20 362.50 241.70

Tax On Dividend 215.20 153.80 153.80 61.60 41.10

Equity Dividend Rate (%) 1,500.00 700.00 500.00 240.00 160.00

Honda India Power Products

Previous Years »
Limited
Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar
Mar 21 Mar 20 Mar 19 Mar 18
22

12
12 mths 12 mths 12 mths 12 mths
mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 10.14 10.14 10.14 10.14 10.14

Total Share Capital 10.14 10.14 10.14 10.14 10.14

Reserves and Surplus 659.74 595.37 559.47 506.96 464.31

Total Reserves and Surplus 659.74 595.37 559.47 506.96 464.31

Total Shareholders Funds 669.88 605.51 569.61 517.10 474.45

NON-CURRENT LIABILITIES

Other Long Term Liabilities 1.14 1.37 1.17 0.00 0.00

Long Term Provisions 0.72 0.68 0.39 0.52 1.49

Total Non-Current Liabilities 1.86 2.05 1.56 0.52 1.49

CURRENT LIABILITIES

Trade Payables 118.91 114.51 87.39 83.14 85.08

Other Current Liabilities 53.77 52.03 41.30 43.84 25.80

Short Term Provisions 17.03 16.87 15.44 10.88 9.72

Total Current Liabilities 189.71 183.41 144.13 137.86 120.60

Total Capital And Liabilities 861.45 790.97 715.30 655.48 596.54

ASSETS

NON-CURRENT ASSETS

Tangible Assets 85.50 90.62 96.88 92.58 97.09

Intangible Assets 1.16 0.67 0.73 1.97 3.64

Capital Work-In-Progress 12.17 2.47 1.89 3.44 0.94

Intangible Assets Under Development 0.52 0.00 0.00 0.00 0.00

Fixed Assets 99.35 93.76 99.50 97.99 101.67

Deferred Tax Assets [Net] 7.11 6.13 5.31 3.63 1.85

Long Term Loans And Advances 0.00 1.03 1.00 0.84 0.95

Other Non-Current Assets 131.17 91.11 53.14 60.36 68.54

Total Non-Current Assets 237.63 192.03 158.95 162.82 173.01

CURRENT ASSETS

Inventories 176.39 160.49 211.05 111.68 90.76

Trade Receivables 87.11 82.30 49.53 63.69 63.60

Cash And Cash Equivalents 277.33 135.96 35.48 60.96 191.83

Short Term Loans And Advances 0.00 160.46 160.68 160.68 0.66

OtherCurrentAssets 82.99 59.73 99.61 95.65 76.68

Total Current Assets 623.82 598.94 556.35 492.66 423.53

Total Assets 861.45 790.97 715.30 655.48 596.54

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 119.75 86.46 76.70 116.90 102.65

CIF VALUE OF IMPORTS

EXPENDITURE IN FOREIGN EXCHANGE

Expenditure In Foreign Currency 353.40 243.30 276.53 258.62 218.40

REMITTANCES IN FOREIGN CURRENCIES

FOR DIVIDENDS

Dividend Remittance In Foreign Currency - - - - -

EARNINGS IN FOREIGN EXCHANGE

FOB Value Of Goods 588.41 451.30 340.34 322.60 318.60

Other Earnings - - - - -

BONUS DETAILS

Bonus Equity Share Capital - - - - -

NON-CURRENT INVESTMENTS

Non-Current Investments Quoted Market

- - - - -
Value

Non-Current Investments Unquoted Book

- - - - -
Value

CURRENT INVESTMENTS

Current Investments Quoted Market

- - - - -
Value

Current Investments Unquoted Book

- - - - -
Value

Honda India Power Products

« Next Years Previous Years »
Limited

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar
Mar 16 Mar 15 Mar 14 Mar 13
17

12
12 mths 12 mths 12 mths 12 mths
mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 10.14 10.14 10.14 10.14 10.14

Total Share Capital 10.14 10.14 10.14 10.14 10.14

Reserves and Surplus 412.37 356.43 314.93 283.97 269.93

Total Reserves and Surplus 412.37 356.43 314.93 283.97 269.93

Total Shareholders Funds 422.51 366.57 325.07 294.11 280.07

NON-CURRENT LIABILITIES

Deferred Tax Liabilities [Net] 0.00 0.44 2.66 2.87 4.78

Other Long Term Liabilities 0.00 1.97 1.94 1.83 1.70

Long Term Provisions 0.20 4.92 4.09 2.72 2.00

Total Non-Current Liabilities 0.20 7.33 8.68 7.42 8.48

CURRENT LIABILITIES

Trade Payables 71.51 61.73 69.63 55.40 54.91

Other Current Liabilities 31.15 23.11 15.51 16.19 15.00

Short Term Provisions 8.29 17.50 12.03 12.93 5.77

Total Current Liabilities 110.95 102.33 97.17 84.52 75.67

Total Capital And Liabilities 533.66 476.24 430.92 386.05 364.23

ASSETS

NON-CURRENT ASSETS

Tangible Assets 102.71 108.55 117.51 109.28 112.50

Intangible Assets 4.02 3.91 5.47 4.50 4.78

Capital Work-In-Progress 0.33 0.34 0.43 1.38 0.92

Intangible Assets Under Development 0.00 0.15 0.07 0.07 0.07

Fixed Assets 107.06 112.95 123.48 115.23 118.27

Deferred Tax Assets [Net] 0.63 0.00 0.00 0.00 0.00

Long Term Loans And Advances 1.05 46.65 42.99 40.53 27.95

Other Non-Current Assets 83.05 0.01 3.31 0.00 0.00

Total Non-Current Assets 191.79 159.62 169.78 155.76 146.22

CURRENT ASSETS

Inventories 120.84 88.63 118.28 107.15 105.46

Trade Receivables 26.38 33.64 38.38 39.76 28.16

Cash And Cash Equivalents 142.14 155.45 63.87 51.77 58.35

Short Term Loans And Advances 0.65 35.43 38.88 30.72 25.85

OtherCurrentAssets 51.86 3.47 1.73 0.90 0.18

Total Current Assets 341.87 316.62 261.14 230.30 218.01

Total Assets 533.66 476.24 430.92 386.05 364.23

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 89.84 102.10 118.10 112.74 111.98

CIF VALUE OF IMPORTS

Raw Materials 0.00 94.23 108.87 4.56 10.19

Stores, Spares And Loose Tools 0.00 0.05 0.06 0.07 0.00

Trade/Other Goods 0.00 51.91 39.86 101.77 100.83

Capital Goods 0.00 0.92 5.83 0.82 6.87

EXPENDITURE IN FOREIGN EXCHANGE

Expenditure In Foreign Currency 0.00 53.42 56.04 76.82 85.98

REMITTANCES IN FOREIGN CURRENCIES

FOR DIVIDENDS

Dividend Remittance In Foreign Currency - 4.06 2.71 2.71 6.09

EARNINGS IN FOREIGN EXCHANGE

FOB Value Of Goods - 269.57 260.34 148.58 71.44

Other Earnings - - - - -

BONUS DETAILS

Bonus Equity Share Capital - - - - -

NON-CURRENT INVESTMENTS

Non-Current Investments Quoted Market

- - - - -
Value

Non-Current Investments Unquoted Book

- - - - -
Value

CURRENT INVESTMENTS

Current Investments Quoted Market

- - - - -
Value

Current Investments Unquoted Book

- - - - -
Value
Honda India Power Products
Previous Years »
Limited

Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME

Revenue From Operations [Gross] 1,136.38 922.67 832.04 805.72 758.84

Less: Excise/Sevice Tax/Other Levies 0.00 0.00 0.00 0.00 9.61

Revenue From Operations [Net] 1,136.38 922.67 832.04 805.72 749.23

Other Operating Revenues 19.91 16.27 16.60 10.16 18.57

Total Operating Revenues 1,156.29 938.94 848.64 815.88 767.80

Other Income 16.84 14.53 15.76 17.66 15.47

Total Revenue 1,173.13 953.47 864.40 833.54 783.27

EXPENSES

Cost Of Materials Consumed 651.65 496.16 522.75 441.73 379.20

Purchase Of Stock-In Trade 94.72 56.81 71.18 71.16 51.08

Changes In Inventories Of FG,WIP And

-14.40 55.04 -91.62 -12.08 25.54
Stock-In Trade

Employee Benefit Expenses 117.40 107.40 114.36 98.29 86.03

Finance Costs 0.48 0.28 0.30 0.12 0.24

Depreciation And Amortisation Expenses 18.52 20.26 22.08 21.13 22.51

Other Expenses 204.70 151.38 139.29 126.38 124.33

Total Expenses 1,073.07 887.33 778.34 746.73 688.93

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Loss Before Exceptional,

100.06 66.14 86.06 86.81 94.34
ExtraOrdinary Items And Tax
Exceptional Items 0.00 0.00 4.37 -3.50 0.00

Profit/Loss Before Tax 100.06 66.14 90.43 83.31 94.34

Tax Expenses-Continued Operations

Current Tax 26.50 18.26 24.99 30.67 33.99

Deferred Tax -0.97 -0.79 -1.08 -1.51 -1.06

Total Tax Expenses 25.53 17.47 23.91 29.16 32.93

Profit/Loss After Tax And Before

74.53 48.67 66.52 54.15 61.41
ExtraOrdinary Items

Profit/Loss From Continuing

74.53 48.67 66.52 54.15 61.41
Operations

Profit/Loss For The Period 74.53 48.67 66.52 54.15 61.41

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) 73.48 47.99 65.58 53.39 60.54

Diluted EPS (Rs.) 73.48 47.99 65.58 53.39 60.54

VALUE OF IMPORTED AND INDIGENIOUS RAW

MATERIALS

STORES, SPARES AND LOOSE TOOLS

DIVIDEND AND DIVIDEND PERCENTAGE

Equity Share Dividend 10.14 12.68 10.14 9.13 7.61

Tax On Dividend 0.00 0.00 2.08 1.88 1.55

Equity Dividend Rate (%) 150.00 100.00 125.00 100.00 90.00

Honda India Power Products

« Next Years Previous Years »
Limited

Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------

Mar
Mar 16 Mar 15 Mar 14 Mar 13
17

12
12 mths 12 mths 12 mths 12 mths
mths
INCOME

Revenue From Operations [Gross] 717.90 693.77 649.38 567.98 548.45

Less: Excise/Sevice Tax/Other Levies 34.44 33.34 28.95 37.21 43.22

Revenue From Operations [Net] 683.46 660.43 620.44 530.77 505.23

Other Operating Revenues 18.32 12.37 10.29 10.58 10.32

Total Operating Revenues 701.78 672.81 630.73 541.35 515.55

Other Income 16.17 11.32 7.10 4.57 6.97

Total Revenue 717.95 684.12 637.82 545.91 522.52

EXPENSES

Cost Of Materials Consumed 370.02 319.64 347.14 295.36 310.21

Purchase Of Stock-In Trade 61.94 57.79 43.90 32.31 47.17

Changes In Inventories Of FG,WIP And

-15.93 21.20 -11.03 1.13 -26.03
Stock-In Trade

Employee Benefit Expenses 72.44 65.62 58.34 51.15 42.72

Finance Costs 0.40 0.47 0.00 0.00 0.00

Depreciation And Amortisation Expenses 23.45 23.82 21.31 17.54 13.75

Other Expenses 117.52 120.51 122.69 110.28 103.44

Total Expenses 629.84 609.05 582.35 507.76 491.26

Mar
Mar 16 Mar 15 Mar 14 Mar 13
17

12
12 mths 12 mths 12 mths 12 mths
mths

Profit/Loss Before Exceptional,

88.11 75.07 55.47 38.15 31.26
ExtraOrdinary Items And Tax

Exceptional Items 0.00 0.00 3.47 -9.22 0.00

Profit/Loss Before Tax 88.11 75.07 58.94 28.93 31.26

Tax Expenses-Continued Operations

Current Tax 31.50 28.46 20.35 12.22 7.36

Deferred Tax -0.11 -2.22 -0.04 -1.91 3.30

Tax For Earlier Years -1.06 0.00 0.00 -0.17 0.00

Total Tax Expenses 30.33 26.24 20.31 10.15 10.66

Profit/Loss After Tax And Before

57.78 48.83 38.62 18.78 20.60
ExtraOrdinary Items

Profit/Loss From Continuing

57.78 48.83 38.62 18.78 20.60
Operations

Profit/Loss For The Period 57.78 48.83 38.62 18.78 20.60

Mar
Mar 16 Mar 15 Mar 14 Mar 13
17

12
12 mths 12 mths 12 mths 12 mths
mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) 56.97 48.14 38.08 18.52 20.31

Diluted EPS (Rs.) 56.97 48.14 38.08 18.52 20.31

VALUE OF IMPORTED AND INDIGENIOUS

RAW MATERIALS

Imported Raw Materials 0.00 104.91 114.18 112.75 116.35

Indigenous Raw Materials 0.00 214.73 232.96 182.60 193.87

STORES, SPARES AND LOOSE TOOLS

Imported Stores And Spares 0.00 0.07 0.07 0.16 0.18

Indigenous Stores And Spares 0.00 2.70 2.94 2.99 3.37

DIVIDEND AND DIVIDEND PERCENTAGE

Equity Share Dividend 6.09 6.09 6.09 4.06 4.06

Tax On Dividend 1.24 1.24 1.24 0.69 0.69

Equity Dividend Rate (%) 75.00 60.00 60.00 40.00 40.00

Mahindra and Mahindra Previous Years »

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 598.30 597.39 596.52 595.80 594.97

Total Share Capital 598.30 597.39 596.52 595.80 594.97

Reserves and Surplus 38,139.19 33,649.65 33,606.36 33,613.43 29,699.07

Total Reserves and Surplus 38,139.19 33,649.65 33,606.36 33,613.43 29,699.07

Employees Stock Options 223.46 254.88 264.96 0.00 0.00

Total Shareholders Funds 38,960.95 34,501.92 34,467.84 34,209.23 30,294.04

NON-CURRENT LIABILITIES

Long Term Borrowings 5,678.02 7,070.03 2,032.03 2,031.78 2,195.90

Deferred Tax Liabilities [Net] 1,700.80 1,343.15 1,408.17 634.13 277.24

Other Long Term Liabilities 1,057.54 585.11 698.22 604.92 464.55

Long Term Provisions 912.66 955.42 922.98 882.93 861.81

Total Non-Current Liabilities 9,349.02 9,953.71 5,061.40 4,153.76 3,799.50

CURRENT LIABILITIES

Short Term Borrowings 811.93 24.74 900.00 448.54 668.47

Trade Payables 12,893.54 9,988.16 6,785.83 9,678.15 8,603.40

Other Current Liabilities 4,661.21 4,633.79 2,691.43 3,518.71 3,383.95

Short Term Provisions 453.61 486.48 595.56 688.67 667.39

Total Current Liabilities 18,820.29 15,133.17 10,972.82 14,334.07 13,323.21

Total Capital And Liabilities 67,130.26 59,588.80 50,502.06 52,697.06 47,416.75

ASSETS

NON-CURRENT ASSETS

Tangible Assets 12,004.37 7,872.59 7,980.76 7,614.71 6,507.95

Intangible Assets 2,544.25 2,306.76 2,413.83 2,467.04 1,351.46

Capital Work-In-Progress 1,521.52 1,708.88 1,196.68 706.77 1,079.72

Intangible Assets Under Development 3,496.65 3,123.28 2,812.78 1,713.02 2,048.99

Fixed Assets 19,566.79 15,011.51 14,404.05 12,501.54 10,988.12

Non-Current Investments 17,207.75 19,576.60 17,748.48 19,032.07 16,645.48

Long Term Loans And Advances 960.20 1,652.72 138.86 37.55 43.01

Other Non-Current Assets 3,477.82 3,035.67 3,069.18 3,054.84 3,265.67

Total Non-Current Assets 41,212.56 39,276.50 35,360.57 34,626.00 30,942.28

CURRENT ASSETS

Current Investments 7,902.06 4,488.47 2,189.65 2,983.96 3,937.49

Inventories 5,882.85 3,955.47 3,400.91 3,839.27 2,701.69

Trade Receivables 3,035.11 2,342.85 2,998.98 3,946.30 3,172.98

Cash And Cash Equivalents 3,650.53 6,255.42 4,236.51 3,731.66 2,893.73

Short Term Loans And Advances 1,845.52 756.94 512.02 673.40 975.16

OtherCurrentAssets 3,601.63 2,513.15 1,803.42 2,896.47 2,793.42

Total Current Assets 25,917.70 20,312.30 15,141.49 18,071.06 16,474.47

Total Assets 67,130.26 59,588.80 50,502.06 52,697.06 47,416.75

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 4,067.07 5,540.49 5,233.59 5,622.13 4,132.23

CIF VALUE OF IMPORTS

EXPENDITURE IN FOREIGN EXCHANGE

Expenditure In Foreign Currency 2,628.79 1,096.54 1,096.90 1,005.75 823.62

REMITTANCES IN FOREIGN CURRENCIES FOR

DIVIDENDS

Dividend Remittance In Foreign

- - - - -
Currency

EARNINGS IN FOREIGN EXCHANGE

FOB Value Of Goods - - - - 2,504.98

Other Earnings 3,294.13 2,000.03 2,237.45 3,063.06 -

BONUS DETAILS

Bonus Equity Share Capital 481.41 481.41 481.41 481.41 481.41

NON-CURRENT INVESTMENTS

Non-Current Investments Quoted Market

57,237.27 44,346.71 23,044.04 42,340.50 3,033.52
Value

Non-Current Investments Unquoted

17,635.00 20,071.85 16,635.21 14,591.94 12,034.50
Book Value

CURRENT INVESTMENTS

Current Investments Quoted Market

6,796.86 4,488.47 1,718.34 2,194.69 2,802.26
Value

Current Investments Unquoted Book

1,105.20 - 471.31 789.27 1,135.23
Value

Mahindra and Mahindra « Next Years Previous Years »

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar 17 Mar 16 Mar 15 Mar 14 Mar 13

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 296.81 296.32 295.70 295.16 295.16

Total Share Capital 296.81 296.32 295.70 295.16 295.16

Revaluation Reserves 0.00 0.00 10.79 10.79 10.84

Reserves and Surplus 26,488.81 22,126.85 18,948.60 16,485.24 14,352.92

Total Reserves and Surplus 26,488.81 22,126.85 18,959.39 16,496.03 14,363.76

Total Shareholders Funds 26,785.62 22,423.17 19,255.09 16,791.19 14,658.92

NON-CURRENT LIABILITIES

Long Term Borrowings 2,233.99 1,495.42 2,514.13 3,744.42 3,172.44

Deferred Tax Liabilities [Net] 0.00 460.08 979.70 889.65 614.85

Other Long Term Liabilities 490.21 620.34 614.34 586.27 415.40

Long Term Provisions 824.45 656.24 607.34 510.33 441.59

Total Non-Current Liabilities 3,548.65 3,232.08 4,715.51 5,730.67 4,644.28

CURRENT LIABILITIES

Short Term Borrowings 538.88 348.13 106.25 0.74 54.63

Trade Payables 6,881.08 6,674.71 5,365.45 6,068.80 5,579.71

Other Current Liabilities 1,648.61 2,412.94 2,041.13 1,133.56 1,052.17

Short Term Provisions 565.48 408.54 1,461.44 1,563.69 1,463.88

Total Current Liabilities 9,634.05 9,844.32 8,974.27 8,766.79 8,150.39

Total Capital And Liabilities 39,968.32 35,499.57 32,944.87 31,288.65 27,453.59

ASSETS

NON-CURRENT ASSETS

Tangible Assets 6,536.72 6,545.73 5,795.44 5,706.30 4,751.06

Intangible Assets 1,234.32 1,050.26 134.02 170.65 206.80

Capital Work-In-Progress 409.78 231.53 755.67 394.86 495.54

Intangible Assets Under Development 1,630.62 1,330.62 1,423.09 833.58 367.94

Fixed Assets 9,811.44 9,158.14 8,108.22 7,105.39 5,821.34

Non-Current Investments 14,301.70 11,161.42 11,372.74 9,787.73 10,571.50

Deferred Tax Assets [Net] 254.84 0.00 0.00 0.00 0.00

Long Term Loans And Advances 34.12 1,223.55 3,232.26 3,018.12 2,087.47

Other Non-Current Assets 2,958.22 2,320.78 103.44 88.49 29.85

Total Non-Current Assets 27,360.32 23,863.89 22,816.66 19,999.73 18,510.16

CURRENT ASSETS

Current Investments 3,606.70 2,385.98 1,765.42 1,592.12 1,261.96

Inventories 2,758.01 2,687.93 2,437.57 2,803.63 2,419.77

Trade Receivables 2,938.84 2,511.64 2,558.03 2,509.84 2,208.35

Cash And Cash Equivalents 1,687.48 2,287.03 2,064.77 2,950.39 1,781.41

Short Term Loans And Advances 506.51 486.76 773.10 945.83 763.40

OtherCurrentAssets 1,110.46 1,276.34 529.32 487.11 508.54

Total Current Assets 12,608.00 11,635.68 10,128.21 11,288.92 8,943.43

Total Assets 39,968.32 35,499.57 32,944.87 31,288.65 27,453.59

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 5,276.23 4,475.89 5,419.91 6,421.09 87.20

CIF VALUE OF IMPORTS

Raw Materials 0.00 0.00 5.27 4.71 0.96

Stores, Spares And Loose Tools 0.00 0.00 461.76 535.25 706.86
Trade/Other Goods 0.00 0.00 1.03 15.01 46.24

Capital Goods 0.00 0.00 259.09 141.97 141.88

EXPENDITURE IN FOREIGN EXCHANGE

Expenditure In Foreign Currency 789.04 838.15 709.86 612.38 459.52

REMITTANCES IN FOREIGN CURRENCIES FOR

DIVIDENDS

Dividend Remittance In Foreign Currency - - 44.96 41.60 44.15

EARNINGS IN FOREIGN EXCHANGE

FOB Value Of Goods 2,376.47 2,427.92 2,224.79 2,125.29 2,225.02

Other Earnings - - 111.21 134.64 128.35

BONUS DETAILS

Bonus Equity Share Capital 170.61 170.61 170.61 170.61 170.61

NON-CURRENT INVESTMENTS

Non-Current Investments Quoted Market

4,609.37 4,801.44 33,312.06 26,208.49 17,677.77
Value

Non-Current Investments Unquoted Book

10,977.76 7,612.90 7,598.81 6,498.24 7,024.46
Value

CURRENT INVESTMENTS

Current Investments Quoted Market

2,297.92 44.68 58.09 76.17 90.13
Value

Current Investments Unquoted Book

1,308.78 2,341.30 1,708.18 1,516.18 1,171.83
Value

Mahindra and Mahindra Previous Years »

Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME

Revenue From Operations [Gross] 56,336.39 44,296.95 44,897.93 52,960.80 48,871.76

Less: Excise/Sevice Tax/Other Levies 0.00 0.00 0.00 0.00 759.44

Revenue From Operations [Net] 56,336.39 44,296.95 44,897.93 52,960.80 48,112.32

Other Operating Revenues 1,109.58 744.03 589.85 653.20 573.23

Total Operating Revenues 57,445.97 45,040.98 45,487.78 53,614.00 48,685.55

Other Income 2,075.90 1,221.31 1,667.81 1,688.97 1,036.36

Total Revenue 59,521.87 46,262.29 47,155.59 55,302.97 49,721.91

EXPENSES

Cost Of Materials Consumed 40,506.15 25,035.89 22,873.74 27,095.07 23,265.31

Purchase Of Stock-In Trade 2,374.82 6,817.12 8,349.36 12,111.61 10,674.47

Changes In Inventories Of FG,WIP And

-539.40 -240.00 409.49 -950.19 194.87
Stock-In Trade

Employee Benefit Expenses 3,305.96 2,858.80 2,880.08 2,980.22 2,840.89

Finance Costs 223.00 370.88 113.23 113.39 112.20

Depreciation And Amortisation Expenses 2,451.06 2,232.99 2,222.63 1,860.40 1,479.42

Other Expenses 4,902.14 4,176.98 5,384.59 5,867.23 5,614.45

Less: Amounts Transfer To Capital

145.99 113.92 207.54 129.50 128.46
Accounts

Total Expenses 53,077.74 41,138.74 42,025.58 48,948.23 44,053.15

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Loss Before Exceptional,

6,444.13 5,123.55 5,130.01 6,354.74 5,668.76
ExtraOrdinary Items And Tax

Exceptional Items -208.67 -3,663.27 -2,013.98 -29.73 433.61

Profit/Loss Before Tax 6,235.46 1,460.28 3,116.03 6,325.01 6,102.37

Tax Expenses-Continued Operations

Current Tax 1,084.54 1,235.63 996.98 1,179.12 1,211.23

Deferred Tax 215.70 -44.01 788.50 349.85 535.13

Total Tax Expenses 1,300.24 1,191.62 1,785.48 1,528.97 1,746.36

Profit/Loss After Tax And Before

4,935.22 268.66 1,330.55 4,796.04 4,356.01
ExtraOrdinary Items

Profit/Loss From Continuing

4,935.22 268.66 1,330.55 4,796.04 4,356.01
Operations

Profit/Loss For The Period 4,935.22 268.66 1,330.55 4,796.04 4,356.01

 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) 41.28 2.25 11.16 40.29 36.64

Diluted EPS (Rs.) 41.28 2.24 11.12 40.13 36.47

VALUE OF IMPORTED AND INDIGENIOUS RAW

MATERIALS

STORES, SPARES AND LOOSE TOOLS

DIVIDEND AND DIVIDEND PERCENTAGE

Equity Share Dividend 1,087.79 292.15 1,187.33 932.00 925.25

Tax On Dividend 0.00 0.00 0.00 79.92 0.00

Equity Dividend Rate (%) 231.00 175.00 47.00 170.00 150.00

Mahindra and Mahindra « Next Years Previous Years »

Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------

Mar 17 Mar 16 Mar 15 Mar 14 Mar 13

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME

Revenue From Operations [Gross] 46,709.17 43,150.58 40,579.30 42,575.04 42,874.61

Less: Excise/Sevice Tax/Other Levies 3,330.24 2,763.83 2,187.69 2,611.68 2,971.49

Revenue From Operations [Net] 43,378.93 40,386.75 38,391.61 39,963.36 39,903.12

Other Operating Revenues 674.57 488.32 553.81 545.14 538.04

Total Operating Revenues 44,053.50 40,875.07 38,945.42 40,508.50 40,441.16

Other Income 1,345.46 849.93 848.94 717.99 549.17

Total Revenue 45,398.96 41,725.00 39,794.36 41,226.49 40,990.33

EXPENSES

Cost Of Materials Consumed 21,129.65 19,364.88 20,272.48 21,630.08 20,749.87

Purchase Of Stock-In Trade 10,893.63 10,409.26 7,359.37 8,076.92 9,752.68

Changes In Inventories Of FG,WIP And

57.87 -257.97 323.63 -274.67 -87.31
Stock-In Trade

Employee Benefit Expenses 2,714.43 2,348.72 2,316.93 2,163.72 1,866.45

Finance Costs 159.59 186.05 214.30 259.22 191.19

Depreciation And Amortisation Expenses 1,526.38 1,068.10 974.90 863.34 710.81

Other Expenses 4,880.33 4,469.50 4,600.57 4,294.28 3,533.29

Less: Amounts Transfer To Capital

137.07 79.26 100.99 103.04 83.12
Accounts

Total Expenses 41,224.81 37,509.28 35,961.19 36,909.85 36,633.86

Mar 17 Mar 16 Mar 15 Mar 14 Mar 13

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Loss Before Exceptional,

4,174.15 4,215.72 3,833.17 4,316.64 4,356.47
ExtraOrdinary Items And Tax

Exceptional Items 548.46 68.74 335.72 52.79 90.62

Profit/Loss Before Tax 4,722.61 4,284.46 4,168.89 4,369.43 4,447.09

Tax Expenses-Continued Operations

Current Tax 973.67 857.65 835.92 837.95 933.21

Less: MAT Credit Entitlement 0.00 0.00 92.72 488.15 0.00

Deferred Tax 105.55 222.24 104.58 261.28 161.06

Total Tax Expenses 1,079.22 1,079.89 847.78 611.08 1,094.27

Profit/Loss After Tax And Before

3,643.39 3,204.57 3,321.11 3,758.35 3,352.82
ExtraOrdinary Items

Profit/Loss From Continuing

3,643.39 3,204.57 3,321.11 3,758.35 3,352.82
Operations

Profit/Loss For The Period 3,643.39 3,204.57 3,321.11 3,758.35 3,352.82

Mar 17 Mar 16 Mar 15 Mar 14 Mar 13

12 mths 12 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) 30.69 53.05 56.23 63.67 56.85

Diluted EPS (Rs.) 30.54 52.80 53.66 61.07 54.61

VALUE OF IMPORTED AND INDIGENIOUS RAW

MATERIALS

Imported Raw Materials 0.00 0.00 539.80 628.27 708.03

Indigenous Raw Materials 0.00 0.00 19,732.68 21,001.81 20,041.84

STORES, SPARES AND LOOSE TOOLS

Imported Stores And Spares 0.00 0.00 2.66 2.48 2.73

Indigenous Stores And Spares 0.00 0.00 43.05 44.99 38.91

DIVIDEND AND DIVIDEND PERCENTAGE

Equity Share Dividend 841.12 846.95 745.31 862.25 798.17

Tax On Dividend 0.00 0.00 101.58 104.04 92.98

Equity Dividend Rate (%) 260.00 240.00 240.00 280.00 260.00

Eicher Motors Previous Years »

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 27.34 27.33 27.30 27.28 27.26

Total Share Capital 27.34 27.33 27.30 27.28 27.26

Reserves and Surplus 10,767.23 9,677.67 8,248.04 7,099.17 5,344.97

Total Reserves and Surplus 10,767.23 9,677.67 8,248.04 7,099.17 5,344.97

Total Shareholders Funds 10,794.57 9,705.00 8,275.34 7,126.45 5,372.23

NON-CURRENT LIABILITIES

Deferred Tax Liabilities [Net] 222.86 221.13 252.04 276.49 142.97

Other Long Term Liabilities 349.75 247.51 169.31 73.23 55.72

Long Term Provisions 38.50 22.56 21.20 23.00 29.12

Total Non-Current Liabilities 611.11 491.20 442.55 372.72 227.81

CURRENT LIABILITIES

Short Term Borrowings 5.98 0.00 0.00 76.38 85.98

Trade Payables 1,764.46 1,692.13 1,020.77 1,231.10 1,170.47

Other Current Liabilities 958.56 646.85 764.14 613.11 890.97

Short Term Provisions 149.87 89.73 76.21 57.65 47.21

Total Current Liabilities 2,878.87 2,428.71 1,861.12 1,978.24 2,194.63

Total Capital And Liabilities 14,284.55 12,624.91 10,579.01 9,477.41 7,794.67

ASSETS

NON-CURRENT ASSETS

Tangible Assets 1,891.49 1,888.30 2,180.76 1,688.32 1,454.76

Intangible Assets 509.14 535.06 184.83 178.98 38.66

Capital Work-In-Progress 133.38 59.78 26.75 272.14 141.89

Intangible Assets Under Development 370.80 250.38 285.42 177.60 191.32

Other Assets 0.00 0.00 3.16 3.51 3.86

Fixed Assets 2,904.81 2,733.52 2,680.92 2,320.55 1,830.49

Non-Current Investments 5,525.26 968.71 1,413.08 2,577.72 3,232.59

Other Non-Current Assets 356.68 174.99 148.41 194.71 207.17

Total Non-Current Assets 8,786.75 3,877.22 4,242.41 5,092.98 5,270.25

CURRENT ASSETS

Current Investments 424.70 1,076.08 2,512.50 468.81 633.40

Inventories 898.37 769.13 518.05 605.34 379.23

Trade Receivables 1,169.66 256.18 133.97 106.61 78.02

Cash And Cash Equivalents 26.62 5,798.91 2,926.38 2,940.07 1,208.82

Short Term Loans And Advances 2,671.94 459.16 0.12 1.29 0.28

OtherCurrentAssets 306.51 388.23 245.58 262.31 224.67

Total Current Assets 5,497.80 8,747.69 6,336.60 4,384.43 2,524.42

Total Assets 14,284.55 12,624.91 10,579.01 9,477.41 7,794.67

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 346.65 197.98 167.35 422.79 456.72

CIF VALUE OF IMPORTS

EXPENDITURE IN FOREIGN EXCHANGE

Expenditure In Foreign Currency 458.92 337.27 392.75 430.69 369.13

REMITTANCES IN FOREIGN CURRENCIES FOR

DIVIDENDS

Dividend Remittance In Foreign

- - - - -
Currency

EARNINGS IN FOREIGN EXCHANGE

FOB Value Of Goods 1,475.92 682.82 709.47 343.95 213.54

Other Earnings - - - - -

BONUS DETAILS

Bonus Equity Share Capital - - - - -

NON-CURRENT INVESTMENTS

Non-Current Investments Quoted Market

- - 1,345.11 2,511.63 3,185.80
Value

Non-Current Investments Unquoted

- - 5.13 0.09 0.09
Book Value

CURRENT INVESTMENTS

Current Investments Quoted Market

424.70 1,076.08 2,512.50 468.81 633.40
Value

Current Investments Unquoted Book

- - - - -
Value

Eicher Motors « Next Years Previous Years »

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar 17 Mar 16 Dec 15 Dec 14 Dec 13

12 mths 15 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 27.21 27.16 0.00 27.10 27.04

Total Share Capital 27.21 27.16 0.00 27.10 27.04

Reserves and Surplus 3,895.38 2,309.25 0.00 1,206.56 794.30

Total Reserves and Surplus 3,895.38 2,309.25 0.00 1,206.56 794.30

Total Shareholders Funds 3,922.59 2,336.41 0.00 1,233.66 821.34

NON-CURRENT LIABILITIES

Deferred Tax Liabilities [Net] 79.22 40.82 0.00 20.07 12.63

Other Long Term Liabilities 30.36 15.42 0.00 4.52 3.78

Long Term Provisions 26.13 29.67 0.00 13.82 10.48

Total Non-Current Liabilities 135.71 85.91 0.00 38.41 26.89

CURRENT LIABILITIES

Short Term Borrowings 67.44 22.57 0.00 0.00 4.00

Trade Payables 764.49 721.30 0.00 490.24 321.42

Other Current Liabilities 607.52 431.25 0.00 296.56 211.49

Short Term Provisions 42.51 26.47 0.00 170.02 98.04

Total Current Liabilities 1,481.96 1,201.59 0.00 956.82 634.95

Total Capital And Liabilities 5,540.26 3,623.91 0.00 2,228.89 1,483.18

ASSETS

NON-CURRENT ASSETS

Tangible Assets 832.43 759.46 0.00 488.65 287.97

Intangible Assets 33.41 29.04 0.00 11.93 11.28

Capital Work-In-Progress 265.01 33.31 0.00 42.67 8.47

Intangible Assets Under Development 108.76 61.17 0.00 16.67 5.45

Other Assets 4.21 4.56 0.00 0.00 0.00

Fixed Assets 1,243.82 887.54 0.00 559.92 313.17

Non-Current Investments 2,658.12 1,486.15 0.00 271.49 30.94

Long Term Loans And Advances 0.00 0.00 0.00 139.00 82.72

Other Non-Current Assets 277.96 200.78 0.00 7.67 7.09

Total Non-Current Assets 4,179.90 2,574.47 0.00 978.08 433.92

CURRENT ASSETS

Current Investments 883.61 582.90 0.00 917.09 825.41

Inventories 322.45 300.36 0.00 205.13 143.84

Trade Receivables 48.94 46.13 0.00 10.70 12.13

Cash And Cash Equivalents 20.61 44.52 0.00 43.05 18.71

Short Term Loans And Advances 0.34 6.80 0.00 73.91 48.74

OtherCurrentAssets 84.41 68.73 0.00 0.93 0.43

Total Current Assets 1,360.36 1,049.44 0.00 1,250.81 1,049.26

Total Assets 5,540.26 3,623.91 0.00 2,228.89 1,483.18

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 533.61 39.88 0.00 210.61 137.04

CIF VALUE OF IMPORTS

Stores, Spares And Loose Tools 0.00 0.00 0.00 49.22 51.66

Trade/Other Goods 0.00 0.00 0.00 2.94 1.13

Capital Goods 0.00 0.00 0.00 23.35 3.06

EXPENDITURE IN FOREIGN EXCHANGE

Expenditure In Foreign Currency 233.79 0.00 0.00 17.72 10.57

REMITTANCES IN FOREIGN CURRENCIES FOR

DIVIDENDS

Dividend Remittance In Foreign Currency - - - 6.83 4.55

EARNINGS IN FOREIGN EXCHANGE

FOB Value Of Goods 177.01 - - 91.73 69.01

Other Earnings - - - - -

BONUS DETAILS

Bonus Equity Share Capital - - - - -

NON-CURRENT INVESTMENTS

Non-Current Investments Quoted Market

2,360.46 16.80 - - -
Value

Non-Current Investments Unquoted Book

- 1,469.39 - 271.49 30.94
Value

CURRENT INVESTMENTS

Current Investments Quoted Market

883.61 - - - -
Value

Current Investments Unquoted Book

- 582.90 - 917.09 825.41
Value
Eicher Motors Previous Years »

Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME

Revenue From Operations [Gross] 9,983.10 8,571.64 9,008.69 9,715.16 9,167.73

Less: Excise/Sevice Tax/Other Levies 0.00 0.00 0.00 0.00 254.30

Revenue From Operations [Net] 9,983.10 8,571.64 9,008.69 9,715.16 8,913.43

Other Operating Revenues 139.76 47.40 68.78 79.32 44.08

Total Operating Revenues 10,122.86 8,619.04 9,077.47 9,794.48 8,957.51

Other Income 454.28 452.03 615.34 508.04 332.43

Total Revenue 10,577.14 9,071.07 9,692.81 10,302.52 9,289.94

EXPENSES

Cost Of Materials Consumed 5,759.44 5,052.57 4,661.17 5,053.96 4,515.60

Purchase Of Stock-In Trade 226.18 204.58 214.25 207.26 154.97

Changes In Inventories Of FG,WIP And

-23.76 -154.76 110.35 -198.46 -31.47
Stock-In Trade

Employee Benefit Expenses 776.83 803.95 765.12 679.53 547.86

Finance Costs 10.25 9.20 10.86 2.99 3.04

Depreciation And Amortisation Expenses 445.52 446.03 377.92 298.93 222.34

Other Expenses 1,270.61 926.19 1,122.80 1,107.81 917.35

Total Expenses 8,465.07 7,287.76 7,262.47 7,152.02 6,329.69

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Loss Before Exceptional,

2,112.07 1,783.31 2,430.34 3,150.50 2,960.25
ExtraOrdinary Items And Tax

Exceptional Items 0.00 0.00 0.00 -17.52 -311.98

Profit/Loss Before Tax 2,112.07 1,783.31 2,430.34 3,132.98 2,648.27

Tax Expenses-Continued Operations

Current Tax 521.04 492.61 548.82 941.92 877.34

Deferred Tax 4.81 -39.00 -22.30 136.62 58.02

Total Tax Expenses 525.85 453.61 526.52 1,078.54 935.36

Profit/Loss After Tax And Before

1,586.22 1,329.70 1,903.82 2,054.44 1,712.91
ExtraOrdinary Items

Profit/Loss From Continuing

1,586.22 1,329.70 1,903.82 2,054.44 1,712.91
Operations

Profit/Loss For The Period 1,586.22 1,329.70 1,903.82 2,054.44 1,712.91

Mar 22 Mar 21 Mar 20 Mar 19 Mar 18

12 mths 12 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) 58.02 48.68 697.50 753.37 629.07

Diluted EPS (Rs.) 57.96 48.61 697.16 752.54 627.88

VALUE OF IMPORTED AND INDIGENIOUS RAW

MATERIALS

STORES, SPARES AND LOOSE TOOLS

DIVIDEND AND DIVIDEND PERCENTAGE

Equity Share Dividend 464.67 0.00 682.43 299.93 272.22

Tax On Dividend 0.00 0.00 126.30 48.23 44.90

Equity Dividend Rate (%) 2,100.00 1,700.00 1,250.00 1,250.00 1,100.00

Eicher Motors « Next Years Previous Years »

Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------

Mar 17 Mar 16 Dec 15 Dec 14 Dec 13

12 mths 15 mths 12 mths 12 mths 12 mths

INCOME
Revenue From Operations [Gross] 7,913.71 6,957.30 4,621.88 3,303.72 1,910.68

Less: Excise/Sevice Tax/Other Levies 906.09 797.67 0.00 289.01 215.29

Revenue From Operations [Net] 7,007.62 6,159.63 4,621.88 3,014.71 1,695.39

Other Operating Revenues 30.35 26.56 19.38 16.51 7.08

Total Operating Revenues 7,037.97 6,186.19 4,641.26 3,031.22 1,702.47

Other Income 227.31 283.49 173.65 116.30 80.10

Total Revenue 7,265.28 6,469.68 4,814.91 3,147.52 1,782.57

EXPENSES

Cost Of Materials Consumed 3,615.45 3,423.41 2,613.99 1,819.08 1,079.23

Purchase Of Stock-In Trade 105.62 74.04 53.99 31.73 12.56

Changes In Inventories Of FG,WIP And

-14.50 -53.22 -65.59 -43.17 -31.96
Stock-In Trade

Employee Benefit Expenses 408.97 342.22 267.64 160.90 110.90

Finance Costs 2.79 2.12 1.55 1.67 0.27

Depreciation And Amortisation Expenses 153.34 136.55 99.42 50.16 30.41

Other Expenses 716.62 691.55 520.33 329.12 218.01

Total Expenses 4,988.29 4,616.67 3,491.33 2,349.49 1,419.42

Mar 17 Mar 16 Dec 15 Dec 14 Dec 13

12 mths 15 mths 12 mths 12 mths 12 mths

Profit/Loss Before Exceptional,

2,276.99 1,853.01 1,323.58 798.03 363.15
ExtraOrdinary Items And Tax

Profit/Loss Before Tax 2,276.99 1,853.01 1,323.58 798.03 363.15

Tax Expenses-Continued Operations

Current Tax 678.53 524.69 395.00 231.67 78.16

Deferred Tax 38.44 19.10 0.00 7.44 6.37

Total Tax Expenses 716.97 543.79 395.00 239.11 84.53

Profit/Loss After Tax And Before

1,560.02 1,309.22 928.58 558.92 278.62
ExtraOrdinary Items

Profit/Loss From Continuing

1,560.02 1,309.22 928.58 558.92 278.62
Operations

Profit/Loss For The Period 1,560.02 1,309.22 928.58 558.92 278.62

 Mar 17 Mar 16 Dec 15 Dec 14 Dec 13

12 mths 15 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) 573.75 482.45 342.25 206.00 103.00

Diluted EPS (Rs.) 572.17 480.68 340.82 205.00 103.00

VALUE OF IMPORTED AND INDIGENIOUS RAW

MATERIALS

Imported Raw Materials 0.00 0.00 0.00 50.41 57.39

Indigenous Raw Materials 0.00 0.00 0.00 1,768.67 1,021.84

STORES, SPARES AND LOOSE TOOLS

Indigenous Stores And Spares 0.00 0.00 0.00 63.82 40.21

DIVIDEND AND DIVIDEND PERCENTAGE

Equity Share Dividend 0.00 468.21 0.00 135.52 81.12

Tax On Dividend 0.00 0.00 0.00 18.94 6.86

Equity Dividend Rate (%) 1,000.00 1,000.00 0.00 500.00 300.00