1) Operating Profit & OPM

Operating Profit gives an indication of the current operational profitability of the business and
allows a comparison of profitability between different companies after removing out expenses
that can obscure how the company is really performing.

Interest cost depends on the management's choice of financing, tax can vary widely depending
on acquisitions and losses in prior years, and depreciation and amortization policies may differ
from company to company.

2) EBITDA, PBT & PAT
EBITDA is an acronym for Earnings Before Interest, Taxes, Depreciation, and Amortization.
PBT stands for Profit Before Tax, and PAT stands for Profit After Tax.

The graph visually shows how the net profit of the company stand reduced due to the impact of
Interest, Depreciation, and Tax.

3) Total Assets & Asset Turnover Ratio
Total Assets is the sum of all assets, current and fixed. The asset turnover ratio measures the
ability of a company to use its assets to efficiently generate sales. The higher the ratio indicates
that the company is utilizing all its assets efficiently to generate sales. Companies with low profit
margins tend to have high asset turnover.

4) Net Sales
Sales is the total amount of products or services sold by the company.

5) EBITDA
EBITDA is an acronym for Earnings Before Interest, Taxes, Depreciation, and Amortization.

It gives an indication of the current operational profitability of the business and allows a
comparison of profitability between different companies after removing out expenses that can
obscure how the company is really performing.

6) Profit Before Tax
Profit before tax deducts all expenses from revenue including interest expenses and operating
expenses, excluding tax. Since taxes change every year, PBT gives investors a good idea
about the company profits every year.

7) Profit After Tax
Profit after tax, also referred as the bottom-line, is a measure of the profitability of the company
after deducting all its expenses.

8) Networth
Networth is the difference between a company's total assets and its total liabilities. It is also
known as shareholder`s equity.


9) Return On Capital Employed %
Capital Employed is defined as total assets less current liabilities. Return On Capital Employed
is a ratio that shows the efficiency and profitability of a company's capital investments. The
ROCE should always be higher than the rate at which the company borrows money.

10) Gross Block
Fixed assets are long-term tangible piece of property that the company owns and uses in the
production of its income. Gross Block is the cost of fixed assets eg buildings, real estate,
equipment, furniture etc not excluding the depreciation amount charged on it.

11) Dividend
Dividend is a payment made by a company to its shareholders usually as a distribution of
profits. When a company makes profit it can either re-invest it in the business or it distribute it to
its shareholders by way of dividends. The dividend payout ratio is the amount of dividends paid
to shareholders relative to the amount of total net profit of a company.

A reduction in dividends paid is not appreciated by investors and usually the stock price moves
down as this could point towards difficult times ahead for the company. On the other hand a
stable dividend payout ratio indicates a solid dividend policy by the company's management.

12) Book Value (Rs)
Book value is a company's assets minus its liabilities. In simple terms it would be the amount of
money that a share holder would get if a company were to liquidate.



Report on Corporate Governance- starts from Page 46-47, Include the Profile of Directors- Well
qualified, experience etc (http://www.adhunikgroup.com/about_us/directors.html) , Their
attendance in AGM, Board meetings etc

Auditors Report- starts from Page 66-67,