KPI's

SALES Rs.29.72BN
SALES GROWTH 13.9%
MARKET SHARE 6.10%
DIVIDEND PER SHARE Rs.20
GROSS PROFIT MARGIN 32.90%
NET PROFIT MARGIN 9.10%
EARNINGS PER SHARE Rs.27.52
RETURN ON EQUITY 20.40%

Profitability Ratios
2018 2017 2016 2015 2014

Gross profit margin % 32.9 38.7 40.1 38.9 38.5

Net profit margin % 9.1 16.1 17.2 16.9 14.3
EBITDA* margin % 17.1 24.8 26.2 26 24.2
EBIT margin % 14.7 22.4 23.9 23.7 22
Return on equity % 20.4 29.3 27.6 27.7 25.9
Return on capital employed % 20 29.3 27.6 27.7 25.9
Return on capital employed (average equity and 19.4 29.1 29.2 30.1 28.7
debt) %
Return on assets % 13.3 21.9 22.8 21.8 20.5

PROFITABILITY RATIO
45
40
35
30
25
20
15
10
5
0
2018 2017 2016 2015 2014

Gross profit margin %

Net profit margin %
EBITDA* margin %
EBIT margin %
Return on equity %
Return on capital employed %
Return on capital employed (average equity and debt) %
Return on assets %
Liquidity Ratios
2018 2017 2016 2015 2014

Current ratio Times 1.96 2.98 4.61 3.73 3.86

Quick / Acid test ratio Times 1.27 2.19 3.31 2.81 2.76
Cash to Current Liabilities Times 0.86 1.86 2.79 2.51 2.39
Cash flows from operations to Sales Times 0.1 0.22 0.13 0.19 0.14

LIQUIDITY RATIO
5
Activity /4.5
Turnover Ratios
4 2018 2017 2016 2015 2014
3.5
3
No. of days in inventory Days 72.28 80.4 84.72 80.75 83.91
2.5
No. of days2in receivables Days 12.64 12.56 10.61 8.27 9.54
No. of days
1.5in payables Days 76.68 61.14 55.54 54.89 47.59
Inventory Turnover
1 Times 5.05 4.54 4.32 4.52 4.35
0.5
Debtors Turnover Times 28.88 29.06 34.48 44.14 38.28
0
Creditors Turnover Times 4.76 5.97 6.59 6.65 7.67
2018 2017 2016 2015 2014
Operating Cycle Days 8.24 31.82 39.79 34.13 45.86
Current ratio Times
Total assets turnover ratio (average assets) Times 1.51 1.42 1.37 1.4 1.58
Quick / Acid test ratio Times
Total assets turnover ratio Times Cash to Current Liabilities Times
1.47 1.36 1.33 1.28 1.43
Cash flows from
Fixed assets turnover ratio (average assets) Times operations to
4.7 Sales Times
5.28 5.5 5.7 5.96
Fixed assets turnover ratio Times 4.12 4.8 5.24 5.24 5.82
 ACTIVITY RATIO
90

80

70

60

50

40

30

20

10

0
2018 2017 2016 2015 2014

No. of days in inventory Days

No. of days in receivables Days
No. of days in payables Days
Inventory Turnover Times
Debtors Turnover Times
Creditors Turnover Times
Operating Cycle Days
Total assets turnover ratio (average assets) Times
Total assets turnover ratio Times
Fixed assets turnover ratio (average assets) Times
Fixed assets turnover ratio Times

Investment / Market Ratios

 2018 2017 2016 2015 2014

Basic / Diluted Earnings per share Rs 27.52 42.95 41.08 36.64 28.77
Price earnings ratio Times 22.93 16.24 23.3 17.33 24.7
Dividend yield ratio % 3.2 5.7 4.2 4.7 1.1
Dividend pay-out ratio Times 0.73 0.93 0.97 0.82 0.27
Dividend cover ratio Times 1.38 1.07 1.03 1.22 3.69
Cash dividend per share** Rs 20 40 40 30 7.8

MARKET RATIO
50
45
40
35
30
25
20
15
10
5
0
2018 2017 2016 2015 2014

Basic / Diluted Earnings per share Rs Price earnings ratio Times

Dividend yield ratio % Dividend pay out ratio Times
Dividend cover ratio Times Cash dividend per share** Rs