Company Name: A2Z Infra Engineering Ltd.

Snapshot (All figures in INR Million except EPS & Price)

Year End Mar-2016 Mar-2015

Months 12 12
PROFIT & LOSS:
Net Sales 9,613.88 2,191.67
Total Income 9,889.21 2,286.32
Total Expenditure 8,995.32 3,111.64
EBITDA 893.89 -825.32
EBIT 728.16 -928.16
PBT -443.64 -2,103.51
PAT -452.9 -1,284.20
SOURCES OF FUNDS:
Equity Paid up 1,268.94 865.18
Reserves and Surplus 6,755.81 7,102.38
Net Worth 8,113.80 8,189.56
Total Debt 8,327.20 8,206.70
APPLICATION OF FUNDS:
Gross Block 2,402.77 2,464.96
Investments 2,918.99 2,966.13
Cash and Bank Balance 79.77 24.62
Net Current Assets 8,990.86 8,687.05
Total Current Liabilities 10,154.85 4,662.76
Total Assets 16,441.00 16,396.26
CASH FLOW:
Cash Flow from Operations -60.06 259.79
Cash Flow from Investing 206.92 -281.87
Cash Flow from Financing -91.71 -38.51
KEY RATIOS:
Debt To Equity 1.04 1.03
Current Ratio 1.89 2.86
ROCE (%) -0.03 -0.08
RONW (%) -5.56 -15.54
EBITDA Margin (%) 9.04 -36.1
PAT Margin (%) -4.64 -56.52
CPM (%) - -
MARKET DATA:
Price (Unit Curr.) 19.9 15.4
Market Capitalization 2,525.19 1,332.37
EPS -3.52 -14.32
Price / Book Value 0.31 0.16
CEPS -2.22 -13.13
Equity Dividend (%) - -
EnterpriseValue 10,932.16 9,563.70
Dividend Yield (%) - -
Exchange Rate (INR) 1 1

Public company financials provided by Dion Global Solutions Limited

Copyright 2017 Mosaic Media

Mar-2014 Mar-2013 Mar-2012 Mar-2011 Mar-2010
12 12 12 12 12

3,362.88 5,549.58 9,682.31 11,028.71 11,183.93

3,436.51 5,650.68 9,765.86 11,121.32 11,240.58
4,445.85 5,672.66 8,629.37 8,809.30 9,129.04
-1,009.34 -21.98 1,136.49 2,312.02 2,111.54
-1,080.54 -93.79 1,066.59 2,200.18 2,087.08
-2,003.36 -960.79 325.43 1,455.76 1,462.95
-2,020.34 -639.76 197.34 977.62 948.45

741.78 741.78 741.78 741.78 573.01

8,354.69 10,304.32 10,842.43 10,645.08 3,671.84
9,317.47 11,046.10 11,584.20 11,386.86 4,244.85
8,661.51 6,785.18 5,933.75 3,258.27 3,516.05

1,063.25 1,123.44 760.86 660.91 291.56

2,959.38 2,973.90 2,971.74 2,181.77 618.2
85.21 122.2 164.3 1,272.30 883.96
10,216.62 10,175.84 11,061.38 10,397.15 6,606.27
2,863.92 3,720.24 4,346.58 3,595.62 4,924.70
17,978.98 17,831.28 17,517.95 14,645.13 7,760.90

-946.39 -27 13.62 -2,084.46 -505.31

-65.39 118.12 -2,552.77 -3,014.05 -897.53
974.79 -133.22 2,057.89 5,677.83 1,398.15

0.95 0.61 0.51 0.29 0.83

4.57 3.74 3.54 3.89 2.34
-0.11 -0.03 0.01 0.06 0.09
-21.43 -4.87 1.7 7.49 22.35
-29.37 -0.39 11.64 20.79 18.78
-57.97 -9.52 2.02 7.67 8.44
- - - 15.36 -

10.48 19.15 112.9 280.25 -

 777.38 1,420.50 8,374.66 20,788.30 -
-26.28 -7.25 2.66 11.51 16.56
0.08 0.13 0.72 1.82 -
-25.32 -6.29 3.6 13.01 16.99
- - - 16.68 -
9,524.11 8,327.88 14,472.70 25,318.87 -
- - - 0.71 -
1 1 1 1 1

ght 2017 Mosaic Media Ventures Pvt. Ltd. All Rights Reserved
 Mar- Mar- Mar-
Mar-2009 2008 2007 2006
12 12 12 12

6,660.77 4,789.98 1,806.52 351.51

6,740.47 4,813.47 1,812.86 352.22
5,408.57 3,902.09 1,607.87 276.4
1,331.90 911.38 204.99 75.82
1,320.07 898.07 201.93 75.55
933.41 773.18 177.07 67.02
596.81 503.03 111.54 41.98

216.47 191.36 15.44 11.14

2,025.70 704 352.34 65.1
2,242.17 1,645.36 387.78 76.24
2,625.08 1,248.66 498.39 51.33

169.55 139.16 45.56 8.26

211.54 10 0.01 -
684.4 469.39 150.16 33.28
4,438.39 2,761.77 844.19 119.83
2,948.91 1,975.34 843.21 147.96
4,867.25 2,894.02 886.17 127.57

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

1.17 2.23 1.36 0.67

2.51 2.4 2 1.81
0.09 0.12 0.07 0.16
26.61 56.18 30.32 55.06
19.76 18.93 11.31 21.53
8.85 10.45 6.15 11.91
- - - -

- - - -
 - - - -
27.57 26.29 72.24 37.68
- - - -
28.12 26.98 74.22 37.92
- - - -
- - - -
- - - -
1 1 1 1
Company Name: A2Z Infra Engineering Ltd.

Profit & Loss (All figures in INR Million)

Year End Mar-2016 Mar-2015

Months 12 12
INCOME:
Revenue 9,613.88 2,191.67
Excise Duty - -
Net Sales 9,613.88 2,191.67
Other Income 275.33 94.65
Total Income 9,889.21 2,286.32
EXPENDITURE:
Manufacturing Expenses 3,083.39 879.57
Material Consumed 4,944.03 1,263.84
Personal Expenses 217 322.08
Selling Expenses - -
Administrative Expenses 750.91 646.16
Expenses Capitalised - -
Provisions Made - -
Total Expenditure 8,995.32 3,111.64
Operating Profit 618.56 -919.97
EBITDA 893.89 -825.32
Depreciation 165.73 102.84
Other Write-offs - -
EBIT 728.16 -928.16
Interest 1,171.80 1,175.35
PBT -443.64 -2,103.51
Taxes 9.26 -819.32
PAT -452.9 -1,284.20
Non Recurring Items - 45.36
Other Non Cash Adjustments 6.08 -
Other Adjustments - -
Reported PAT -446.83 -1,238.83
Exchange Rate (INR) 1 1

Public company financials provided by Dion Global Solutions Limited

Copyright 2017 Mosaic Media

 Mar-2014 Mar-2013 Mar-2012 Mar-2011 Mar-2010
12 12 12 12 12

3,362.88 5,549.58 9,682.31 11,028.71 11,183.93

- - - - -
3,362.88 5,549.58 9,682.31 11,028.71 11,183.93
73.63 101.1 83.55 92.61 56.65
3,436.51 5,650.68 9,765.86 11,121.32 11,240.58

1,306.57 1,341.25 2,236.94 7,600.32 8,206.92

1,975.37 3,216.17 5,129.18 100.63 -
384.35 512.25 595.92 525.11 368.61
- - - 35 22.96
779.56 602.98 667.33 548.24 530.55
- - - - -
- - - - -
4,445.85 5,672.66 8,629.37 8,809.30 9,129.04
-1,082.97 -123.08 1,052.94 2,219.41 2,054.89
-1,009.34 -21.98 1,136.49 2,312.02 2,111.54
71.21 71.81 69.9 111.84 24.46
- - - - -
-1,080.54 -93.79 1,066.59 2,200.18 2,087.08
922.82 867 741.15 744.42 624.13
-2,003.36 -960.79 325.43 1,455.76 1,462.95
16.98 -321.03 128.09 478.14 514.5
-2,020.34 -639.76 197.34 977.62 948.45
70.71 101.66 - -125.31 0.58
- - - 1.2 -
- - - - -
-1,949.63 -538.1 197.34 853.52 949.04
1 1 1 1 1

ght 2017 Mosaic Media Ventures Pvt. Ltd. All Rights Reserved
 Mar- Mar- Mar-
Mar-2009 2008 2007 2006
12 12 12 12

6,660.77 4,789.98 1,806.52 351.51

- - - -
6,660.77 4,789.98 1,806.52 351.51
79.7 23.49 6.34 0.71
6,740.47 4,813.47 1,812.86 352.22

4,617.35 3,407.13 1,383.50 208.1

- - - -
279.26 285.89 105.66 46.25
- - - -
511.96 209.07 118.71 22.05
- - - -
- - - -
5,408.57 3,902.09 1,607.87 276.4
1,252.20 887.89 198.65 75.11
1,331.90 911.38 204.99 75.82
11.83 13.31 3.06 0.27
- - - -
1,320.07 898.07 201.93 75.55
386.66 124.89 24.86 8.53
933.41 773.18 177.07 67.02
336.6 270.15 65.53 25.04
596.81 503.03 111.54 41.98
- - - -
- - - -
- - - -
596.81 503.03 111.54 41.98
1 1 1 1
Company Name: A2Z Infra Engineering Ltd.

Balance Sheet (All figures in INR Million)

Year End Mar-2016 Mar-2015

Months 12 12
SOURCES OF FUNDS:
Shareholders Funds:
Equity Share capital 1,268.94 865.18
Share Application Money 89.05 222
Preference Share Capital - -
Reserves and Surplus 6,755.81 7,102.38
Net Worth 8,113.80 8,189.56
Loan Funds:
Secured Loans 8,327.20 8,206.70
Unsecured Loans - -
Total Debt 8,327.20 8,206.70
TOTAL SOURCES OF FUNDS 16,441.00 16,396.26
APPLICATION OF FUNDS:
Fixed Assets:
Gross Block 2,402.77 2,464.96
Revaluation Reserve - -
Accumulated Depreciation 532.92 393.1
Net Block 1,869.84 2,071.86
Capital Work in Progress 2,661.31 2,671.22
Total Fixed Assets 4,531.15 4,743.08
Investments 2,918.99 2,966.13
Current Assets:
Inventories 181.23 116.39
Trade Receivables 10,260.38 6,661.08
Cash and Bank Balance 79.77 24.62
Loans & Advances 8,624.33 6,547.72
Money At Call and Short Notice - -
Total Current Assets 19,145.71 13,349.81
Current Liabilities and Provisions:
Sundry Creditors 6,955.83 2,089.65
Other Current Liabilities 3,136.46 2,518.77
Provisions 62.56 54.34
Total Current Liabilities 10,154.85 4,662.76
Net Current Assets 8,990.86 8,687.05
Miscellaneous Expenditure - -
TOTAL APPLICATION OF FUNDS 16,441.00 16,396.26
Exchange Rate (INR) 1 1

Public company financials provided by Dion Global Solutions Limited

Copyright 2017 Mosaic Media

Mar-2014 Mar-2013 Mar-2012 Mar-2011 Mar-2010
12 12 12 12 12

741.78 741.78 741.78 741.78 573.01

221 - - - -
- - - - -
8,354.69 10,304.32 10,842.43 10,645.08 3,671.84
9,317.47 11,046.10 11,584.20 11,386.86 4,244.85

8,661.51 6,785.18 5,933.75 3,255.77 3,516.05

- - - 2.5 -
8,661.51 6,785.18 5,933.75 3,258.27 3,516.05
17,978.98 17,831.28 17,517.95 14,645.13 7,760.90

1,063.25 1,123.44 760.86 660.91 291.56

- - - - -
287.28 220.59 157.25 104.64 47.75
775.98 902.86 603.62 556.28 243.81
4,027.01 3,778.69 2,881.22 1,509.93 292.61
4,802.98 4,681.55 3,484.83 2,066.21 536.43
2,959.38 2,973.90 2,971.74 2,181.77 618.2

136.82 162.83 197.83 279.51 7.78

6,819.16 6,900.97 7,784.39 7,887.95 7,878.11
85.21 122.2 164.3 1,272.30 883.96
6,039.35 6,710.08 7,261.44 4,553.01 2,761.10
- - - - -
13,080.54 13,896.08 15,407.95 13,992.77 11,530.96

1,858.37 - 2,750.11 2,289.67 2,920.57

956.71 3,672.22 1,519.39 934.53 1,628.57
48.84 48.02 77.08 371.42 375.55
2,863.92 3,720.24 4,346.58 3,595.62 4,924.70
10,216.62 10,175.84 11,061.38 10,397.15 6,606.27
 - - - - -
17,978.98 17,831.28 17,517.95 14,645.13 7,760.90
1 1 1 1 1

ght 2017 Mosaic Media Ventures Pvt. Ltd. All Rights Reserved
 Mar- Mar- Mar-
Mar-2009 2008 2007 2006
12 12 12 12

216.47 191.36 15.44 11.14

- - 20 -
- 750 - -
2,025.70 704 352.34 65.1
2,242.17 1,645.36 387.78 76.24

2,425.08 1,247.27 340.47 26.45

200 1.39 157.92 24.88
2,625.08 1,248.66 498.39 51.33
4,867.25 2,894.02 886.17 127.57

169.55 139.16 45.56 8.26

- - - -
23.39 16.91 3.59 0.52
146.16 122.25 41.97 7.74
71.16 - - -
217.32 122.25 41.97 7.74
211.54 10 0.01 -

20.69 - 0.31 2.51

4,697.72 3,184.89 1,255.07 205.24
684.4 469.39 150.16 33.28
1,984.49 1,082.83 281.86 26.76
- - - -
7,387.30 4,737.11 1,687.40 267.79

- - - -
2,646.15 1,772.47 757.34 118.06
302.76 202.87 85.87 29.9
2,948.91 1,975.34 843.21 147.96
4,438.39 2,761.77 844.19 119.83
 - - - -
4,867.25 2,894.02 886.17 127.57
1 1 1 1
Company Name: A2Z Infra Engineering Ltd.

Cash Flow (All figures in INR Million)

Year End Mar-2016 Mar-2015

Months 12 12
CASH FLOW FROM OPERATING ACTIVITIES:
Net Profit before Tax - -
Adjustments for:
Depreciation - -
Finance Cost - -
Dividend Income - -
Net Loss On Sale/Discarding Of Fixed Assets - -
Net Interest - -
Provision For Bad Debts NPA - -
Others From Operational Activity 377.51 2,317.94
Extraordinary Items - -
Adjustments For Changes In Working Capital:
Increase/(Decrease) In Trade Payables - -
Increase/Decrease In Trade Receivables - -
Increase/Decrease In Inventories - -
Increase/Decrease In Loans And Advances - -
Taxes (Paid) - -
Net Cash From Operating Activities -60.06 259.79
CASH FLOW FROM INVESTING ACTIVITIES:
Purchase Of Fixed Assets - -
Sale of Fixed Assets - -
Sale Of Investments - -
Purchase Of Investments - -
Interest Received - -
Dividend Received - -
Investment In Subsidiaries - -
Certificate Of Deposit In Bank - -
Others From Investment Activity 206.92 -281.87
Net Cash From Investing Activities 206.92 -281.87
CASH FLOW FROM FINANCING ACTIVITIES:
Proceeds From Short Term Borrowings - -
Repayment Of Long Term Borrowings - -
Interest Paid - -
Corporate Dividend Tax Paid -91.71 -38.51
Proceeds From Issue Of Equity Capital - -
Proceeds From Long Term Borrowings - -
Share Premium - -
Net Cash From Financing Activities -91.71 -38.51
Net Decrease/Increase In Cash And Cash Equivalen 55.15 -60.59
Opening Cash & Cash Equivalents 24.62 85.21
Closing Cash & Cash Equivalents 79.77 24.62
Exchange Rate (INR) 1 1

Public company financials provided by Dion Global Solutions Limited

Copyright 2017 Mosaic Me

Mar-2014 Mar-2013 Mar-2012 Mar-2011 Mar-2010
12 12 12 12 12

- - 325.43 1,417.28 1,463.54

- - - 111.84 24.46
- - - 530.15 461.86
- - - -13.9 -
- - - 27.96 0.19
- - - -71.5 -48.98
- - - -39.86 110.47
986.26 832.13 -311.82 43 0.93
- - - -130.02 -

- - - -1,435.72 1,928.75
- - - 29.03 -3,253.44
- - - -271.73 12.91
- - - -1,606.21 -712.66
- - - -674.79 -493.32
-946.39 -27 13.62 -2,084.46 -505.31

- - - -1,664.94 -344.03
- - - 24.95 0.41
- - - 1,500.00 -
- - - -2,000.00 -
- - - 73.38 57.02
- - - 13.9 -
- - - -1,063.57 -406.66
- - - 190.99 -204.25
-65.39 118.12 -2,552.77 -88.76 -
-65.39 118.12 -2,552.77 -3,014.05 -897.53

- - - -261.31 86.72
- - - -513.67 -53.83
- - - -539.65 -443.4
974.79 -133.22 2,057.89 -255.53 -50.53
- - - 168.77 12.73
 - - - 497.99 859.19
- - - 6,581.23 987.27
974.79 -133.22 2,057.89 5,677.83 1,398.15
-36.98 -42.1 -481.26 579.33 -4.69
122.2 164.3 645.56 66.23 70.92
85.21 122.2 164.3 645.56 66.23
1 1 1 1 1

t 2017 Mosaic Media Ventures Pvt. Ltd. All Rights Reserved

Company Name: A2Z Infra Engineering Ltd.

Ratios

Year End Mar-2016 Mar-2015

Months 12 12
PER SHARE RATIOS:
Adjusted EPS (INR) -3.57 -14.84
Adjusted Cash EPS (INR) -2.26 -13.65
Reported EPS (INR) -3.52 -14.32
Reported Cash EPS (INR) -2.22 -13.13
Dividend Per Share (INR) - -
Operating Profit Per Share (INR) 4.87 -10.63
Book Value (Excl. Rev Res) (INR) 63.24 92.09
Book Value (Incl. Rev Res) (INR) 63.24 92.09
Net Operating Income Per Share (INR) 75.76 25.33
Free Reserves Per Share (INR) - -
PROFITABILITY RATIOS:
Operating Margin (%) 6.43 -41.97
Gross Profit Margin (%) 4.71 -46.66
Net Profit Margin (%) -4.64 -56.52
Adjusted Cash Margin (%) -2.9 -51.67
Adjusted Return On Net Worth (%) -5.64 -16.11
Reported Return On Net Worth (%) -5.56 -15.54
Return On long Term Funds (%) 6.56 -8.31
Return On Assets (%) -2.1 -7.11
Return On Equity (%) -5.5 -15.12
Pre-Tax Margin (%) -4.61 -95.97
LEVERAGE RATIOS:
Long Term Debt/Equity 0.38 0.4
Total Debt/Equity 1.04 1.03
Owners Fund As % Of Total Source 49.07 49.26
Fixed Assets Turnover Ratio 0.59 0.13
Capitalization Ratio 0.28 0.29
Debt Ratio 0.39 0.47
LIQUIDITY RATIOS:
Current Ratio 1.89 2.86
Current Ratio (Inc. ST Loans) 0.93 0.91
Quick Ratio 1.75 2.58
Inventory Turnover Ratio 53.05 18.83
PAYOUT RATIOS:
Dividend payout Ratio (Net Profit) - -
Dividend payout Ratio (Cash Profit) - -
Earning Retention Ratio 100 -
Cash Earnings Retention Ratio - -
COVERAGE RATIOS:
Adjusted Cash Flow Time Total Debt - -
Financial Charges Coverage Ratio 0.76 -0.7
Fin. Charges Cov. Ratio (Post Tax) 0.76 0.03
COMPONENT RATIOS:
Material Cost Component (% Earnings) 51.41 57.51
Selling Cost Component - -
Exports As percent Of Total Sales 1.85 17.66
Import Comp. In Raw Mat. Consumed - -
Long Term Assets/Total Assets 0.28 0.37
Bonus Component In Equity Capital (%) 40.89 59.97
CASH FLOW RATIOS:
Cash Flow To Debt -0.01 0.03
Cash Flow To Sales -0.01 0.12
Price To Cash Flow - -
VALUATION RATIOS:
Enterprise Value To Core EBITDA 12.05 -11.53
Price/Book Value 0.31 0.16
Price To Sales 0.26 0.61
Dividend Yield - -
OTHER DETAILS:
Face Value (INR) 10 10
Book Value (INR) 63.94 94.66
Average Raw Material Holding - -
Average Finished Goods Held - -
Number Of Days In Working Capital 89.39 636.71

Public company financials provided by Dion Global Solutions Limited

Copyright 2017 Mosaic Media Ventures Pvt. Ltd. All Rights Reserved
Mar-2014
12

-27.24
-26.28
-26.28
-25.32
-
-14.6
122.63
122.63
45.34
-

-32.2
-34.32
-56.73
-56.71
-22.21
-21.43
-8.71
-11.5
-20.92
-59.57

0.36
0.95
51.22
0.19
0.27
0.51

4.57
0.96
4.38
24.58
 -
-
-
-

-
-1.09
-1.04

58.09
-
14.76
0.06
0.37
69.95

-0.11
-0.28
-

-9.27
0.08
0.23
-

10
125.61
-
-
642.18

ghts Reserved