------------------ in Rs. Cr.

Consolidated Balance Sheet ----------------of Ambuja Cements

-Dec '10

Dec '09

Dec '08

Dec '07

Dec '06

12 mths

12 mths

12 mths

12 mths

12 mths

Sources Of Funds
Total Share Capital

305.97

304.74

304.52

304.48

303.37

Equity Share Capital

305.97

304.74

304.52

304.48

303.37

Share Application Money

0.09

0.38

1.14

Preference Share Capital

Init. Contribution Settler

Preference Share Application
Money

Employee Stock Opiton

Reserves
Revaluation Reserves
Networth
Secured Loans

1.34

0.24

0.34

7,019.39

6,162.92

5,366.54

4,554.40

3,595.69

7,325.45

6,467.66

5,671.06

4,859.26

3,900.20

100

100

108.28

317.77

Unsecured Loans

65.03

65.7

188.67

230.42

547.61

Total Debt

65.03

165.7

288.67

338.7

865.38

Minority Interest

0.42

0.42

Policy Holders Funds

-0.23

1.58

7,390.48

6,633.36

5,959.73

5,197.96

4,765.58

Dec '10

Dec '09

Dec '08

Dec '07

Dec '06

12 mths

12 mths

12 mths

12 mths

12 mths

Application Of Funds
Gross Block

8,781.99

6,227.30

5,687.36

5,251.83

4,559.18

Less: Accum. Depreciation

3,150.06

2,783.06

2,490.12

2,273.98

2,055.16

Net Block

Group Share in Joint Venture

Total Liabilities

5,631.93

3,444.24

3,197.24

2,977.85

2,504.02

Capital Work in Progress

930.71

2,714.44

1,947.23

696.9

635.52

Investments

621.11

722.44

327.82

1,480.36

1,530.07

Inventories

901.86

683.24

939.77

586.27

415.73

Sundry Debtors

128.18

152.2

224.6

135.38

82.59

Cash and Bank Balance

198.51

116.86

124.02

115.59

173.63

Total Current Assets

1,228.55

952.3

1,288.39

837.24

671.95

Loans and Advances

422.38

292.42

351.64

210.49

301.07

1,549.77

764.04

728.11

535.99

205.84

Fixed Deposits

Total CA, Loans & Advances

Deffered Credit

3,200.70

2,008.76

2,368.14

1,583.72

1,178.86

Current Liabilities

1,896.88

1,584.95

1,414.08

1,056.63

919.92

Provisions

1,096.57

674.04

470.56

490.04

168.68

Total CL & Provisions

2,993.45

2,258.99

1,884.64

1,546.67

1,088.60

207.25

-250.23

483.5

37.05

90.26

Net Current Assets

Minority Interest
Group Share in Joint Venture

0.13

Miscellaneous Expenses

0.46

2.71

4.28

6.22

7.71

7,391.46

6,633.60

5,960.07

5,198.38

4,767.58

755.81

821.85

1,264.79

1,072.78

506.71

47.88

42.45

37.25

31.92

25.71

Dec '10

Dec '09

Dec '08

Dec '07

Dec '06

12 mths

12 mths

12 mths

12 mths

12 mths

8,286.20

7,763.93

7,131.41

6,556.92

7,147.43

914.68

680.72

907.8

788.82

785.49

7,371.52

7,083.21

6,223.61

5,768.10

6,361.94

260.65

180.38

448.92

971.82

95.11

54.28

-49.47

65.24

53.85

-8.67

Total Income

7,686.45

7,214.12

6,737.77

6,793.77

6,448.38

Expenditure
Raw Materials

1,475.20

1,642.09

1,263.66

985.96

1,016.76

Power & Fuel Cost

1,697.34

1,422.75

1,325.77

1,004.66

1,241.21

343.57

274.29

267.69

211.64

237.5

227.03

161.66

145.79

125.04

183.8

1,639.15

1,431.99

1,293.88

1,301.91

1,374.98

Miscellaneous Expenses

244.71

203.93

221.17

146.24

136.11

Preoperative Exp Capitalised

-11.36

-19.33

-21.19

5,615.64

5,117.38

4,496.77

3,775.45

4,190.36

Dec '10

Dec '09

Dec '08

Dec '07

Dec '06

12 mths

12 mths

12 mths

12 mths

12 mths

1,810.16

1,916.36

1,792.08

2,046.50

2,162.91

Total Assets
Contingent Liabilities
Book Value (Rs)

Consolidated Profit & Loss

account

Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments

Employee Cost
Other Manufacturing
Expenses
Selling and Admin Expenses

Total Expenses

Operating Profit

------------------ in Rs. Cr.

------------------

PBDIT

2,070.81

2,096.74

2,241.00

3,018.32

2,258.02

48.69

22.43

32.6

77.09

116.37

2,022.12

2,074.31

2,208.40

2,941.23

2,141.65

387.21

297.28

260.1

237.18

327.95

Other Written Off

0.61

1.57

1.72

0.47

1.07

Profit Before Tax

1,634.30

1,775.46

1,946.58

2,703.58

1,812.63

27.11

26.52

11.28

7.08

10.15

1,661.41

1,801.98

1,957.86

2,710.66

1,822.78

Interest
PBDT
Depreciation

Extra-ordinary items
PBT (Post Extra-ord Items)
Tax

398.44

585.14

568.15

943.49

339.81

1,262.97

1,216.84

1,389.71

1,767.17

1,483.34

Minority Interest

0.37

Share Of P/L Of Associates

-78.94

-182.09

Net P/L After Minority Interest

& Share Of Associates

1,235.86

1,190.32

1,075.12

1,046.05

1,626.16

Total Value Addition

4,140.44

3,475.29

3,233.11

2,789.49

3,173.60

Reported Net Profit

Preference Dividend
Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)

0.26

397.22

365.59

334.97

532.65

461.24

65.27

62.13

56.92

90.52

64.69

15,298.59

15,237.11

15,225.99

15,223.75

15,168.29

8.26

7.99

9.13

11.61

9.78

47.88

42.45

37.25

31.92

25.71

Dec '11

Dec '10

Dec '09

Dec '08

Dec '07

------------------ in Rs. Cr.

----------------Consolidated Yearly Results
--

Sales Turnover

8,531.23

7,517.55

7,181.48

6,297.15

5,792.08

Other Income

230.31

120.23

151.2

140.17

193.83

Total Income

8,761.54

7,637.78

7,332.68

6,437.32

5,985.91

Total Expenses

6,624.81

5,567.18

5,211.20

4,490.29

3,756.74

Operating Profit

1,906.42

1,950.37

1,970.28

1,806.86

2,035.34

Profit On Sale Of Assets

--

--

--

--

--

Profit On Sale Of Investments

Gain/Loss On Foreign
Exchange

--

--

--

--

--

--

--

--

--

--

VRS Adjustment
Other Extraordinary
Income/Expenses
Total Extraordinary
Income/Expenses

--

--

--

--

--

--

--

--

--

--

--

26.53

--

303.31

795.52

Tax On Extraordinary Items

Net Extra Ordinary
Income/Expenses
Gross Profit
Interest

--

--

--

--

--

--

--

--

--

--

2,136.73

2,070.60

2,121.48

1,947.03

2,229.17

53.48

48.69

22.43

32.6

77.09

2,147.41

2,048.44

2,099.05

2,217.74

2,740.45

446.17

387.21

297.28

260.1

237.18

--

--

--

--

--

PBT

1,701.24

1,661.23

1,801.77

1,957.64

2,503.27

Tax

473.75

398.26

584.93

567.93

736.1

--

--

--

--

-202

1,227.49

1,262.97

1,216.84

1,389.71

1,767.17

0.25

--

--

--

--

--

--

--

--

78.94

Net P/L After Minority Interest

& Share Of Associates

1,227.74

1,262.97

1,216.84

1,389.71

1,846.11

Depreciation for Previous

Years Written Back/ Provided

--

--

--

--

--

Dividend

--

--

--

--

--

Dividend Tax

--

--

--

--

--

Dividend (%)

--

--

--

--

--

Earnings Per Share

8.26

7.99

9.13

11.61

Book Value

--

--

--

--

--

PBDT
Depreciation
Depreciation On Revaluation
Of Assets

Prior Years Income/Expenses

Net Profit
Minority Interest
Share Of P/L Of Associates

Equity
Reserves
Face Value

306.87

305.97

304.74

304.52

304.48

7,725.69

7,019.15

6,162.92

5,366.54

4,554.40

Dec '10

Dec '09

Dec '08

Dec '07

Dec '06

------------------ in Rs. Cr.

------------------

Investment Valuation Ratios

Face Value
Dividend Per Share
Operating Profit Per Share
(Rs)
Net Operating Profit Per Share
(Rs)

--

--

--

--

--

11.83

12.58

11.77

13.44

14.31

48.18

46.49

40.87

37.89

41.94

Free Reserves Per Share (Rs)

44.92

39.32

34.11

27.54

19.2

Bonus in Equity Capital

63.61

63.86

63.91

63.92

64.15

Profitability Ratios
Operating Profit Margin(%)
Profit Before Interest And Tax
Margin(%)

24.55

27.05

28.79

35.47

33.99

18.97

22.3

24.05

30.71

28.51

Gross Profit Margin(%)

19.3

22.85

24.61

31.36

28.84

Cash Profit Margin(%)

19.88

20.44

20.96

19.49

27.66

Adjusted Cash Margin(%)

19.39

20.44

20.96

22.92

26.78

Net Profit Margin(%)

16.83

16.76

21.82

31.33

25.88

Adjusted Net Profit Margin(%)

Return On Capital
Employed(%)

16.83

16.76

21.82

31.33

25.87

20.98

27.03

28.08

37.15

40.01

Return On Net Worth(%)

Adjusted Return on Net
Worth(%)
Return on Assets Excluding
Revaluations
Return on Assets Including
Revaluations
Return on Long Term
Funds(%)

17.24

18.82

24.52

38.04

42.78

14.56

18.33

18.94

22.93

35.8

47.88

42.43

37.22

31.88

25.65

47.88

42.43

37.22

31.88

25.65

21

27.03

28.08

37.22

40.12

Liquidity And Solvency Ratios

Current Ratio

1.33

0.89

1.26

1.01

1.08

Quick Ratio

0.93

0.57

0.74

0.64

0.7

Debt Equity Ratio

0.01

0.03

0.05

0.07

0.22

Long Term Debt Equity Ratio

0.01

0.03

0.05

0.07

0.22

31.86

80.08

51.73

25.62

17.21

0.01

0.03

0.05

0.07

0.22

39.82

93.26

59.38

28.14

19.26

34.9

68.57

51.66

28.03

18.14

9.19

11.36

7.59

11.18

17.19

52.58

37.6

34.58

52.93

--

Investments Turnover Ratio

9.19

11.36

7.59

11.18

17.19

Fixed Assets Turnover Ratio

0.85

1.15

1.1

1.1

1.4

Total Assets Turnover Ratio

0.93

1.08

1.05

1.11

1.34

Asset Turnover Ratio

0.85

1.15

1.1

1.1

1.4

Average Raw Material Holding

19.91

14.69

36.44

77.35

56.58

Average Finished Goods Held

Number of Days In Working
Capital

5.98

4.57

7.97

7.08

4.97

39.25

-12.72

27.97

2.31

5.11

Debt Coverage Ratios

Interest Cover
Total Debt to Owners Fund
Financial Charges Coverage
Ratio
Financial Charges Coverage
Ratio Post Tax
Management Efficiency Ratios
Inventory Turnover Ratio
Debtors Turnover Ratio

Profit & Loss Account Ratios

Material Cost Composition
Imported Composition of Raw
Materials Consumed
Selling Distribution Cost
Composition
Expenses as Composition of
Total Sales

20.01

23.18

20.3

17.09

15.98

--

--

--

--

--

20.25

18.58

19.35

21.43

20.12

--

--

--

--

--

Cash Flow Indicator Ratios

Dividend Payout Ratio Net
Profit
Dividend Payout Ratio Cash
Profit

36.61

35.15

28.19

33.75

31.59

28.01

28.21

23.72

29.9

26.37

Earning Retention Ratio

56.65

63.92

63.49

44.01

62.26

Cash Earning Retention Ratio

68.21

71.19

70.65

53.86

69.47

0.04

0.11

0.22

0.25

0.5

AdjustedCash Flow Times

AMBUJA Cements

Dec '10

Dec '09

Dec '08

Dec '07

Dec '06

20.98

27.03

28.08

37.15

40.01

8,286.20

7,763.93

7,131.41

6,556.92

7,147.43

Current Ratio

1.33

0.89

1.26

1.01

1.08

Quick Ratio

0.93

0.57

0.74

0.64

0.7

Cash Ratio

0.1

0.07

0.08

0.1

0.18

Inventory Turnover Ratio

9.19

11.36

7.59

11.18

17.19

Debtors Turnover Ratio

52.58

37.6

34.58

52.93

--

Creditors turnover ratio

0.01
61.77

0.006
48.96

0.01
42.17

0.008
64.11

0.01
17.19

Return On Capital Employed(%)

Sales Turnover

Gross Operating cycle

Cash and
Bank
Balance

198.51

116.86

124.02

115.59

173.63

Current
Liabilities

1,896.88

1,584.95

1,414.08

1,056.63

919.92

0.104651 0.073731 0.087704 0.109395 0.188745

Raw
Materials

1,475.20

1,642.09

1,263.66

985.96

1,016.76

Current
Liabilities

1,896.88

1,584.95

1,414.08

1,056.63

919.92

0.777698 1.036052 0.893627 0.933118

1.10527