2)Financial Highlights of last 10 years

Rs. in crore
2012-13

2011- 201012
11

$
Mn

0910

0809

0708

0607

0506

0405

0304

Revenue
From
68,3
Operatio
65
ns

3,71,
119

3,39,
792

2,58, 200,4 146,3 139,2 118,3 89,12 73,1 56,2

651
00
28
69
54
4
64
47

Total
Income

3,79,
117

3,45,
984

2,61, 202,8 148,3 144,8 118,8 89,80 74,6 57,3

703
60
88
98
32
7
14
85

69,8
38

Earnings
Before
Deprecia
7,14 38,78 39,81 41,17 33,04 25,37 28,93 20,52 14,98 14,2 10,9
tion,
5
5
1
8
1
4
5
5
2
61
83
Interest
and Tax
(EBDIT)
Deprecia
tion and 1,74
11,39 13,60 33,04
3,72 3,24
9,465
5,195 4,847 4,815 3,401
Amortisa
4
4
8
1
4
7
tion
Exceptio
nal Items

- (370) 4,733

Profit For 3,86 21,00 20,04 20,28 16,23 15,30 19,45 11,94
7,57 5,16
9,069
the Year
9
3
0
6
6
9
8
3
2
0
Equity
Dividend
%*

90

85

80

70

130

130

110

100

75 52.5

Dividend
Payout

487 2,643 2,531 2,385 2,084 1,897 1,631 1,440 1,393

1,04
5

Equity
Share
Capital

595 3,229 3,271 3,273 3,270 1,574 1,454 1,393 1,393

1,39 1,39
3
6

Equity

69

60

733

Share
Suspens
e
Account
Equity
Share
Warrants

Reserve
s and
Surplus

32,5
63

1,76,
766

1,62,
825

1,48, 133,9 124,7 78,31 62,51 48,41 39,0 33,0

267
01
30
3
4
1
10
57

Net
Worth

33,1
57

1,79,
995

1,66,
096

1,51, 137,1 126,3 81,44 63,96 49,80 40,4 34,4

540
71
73
9
7
4
03
53

Gross
Fixed
Assets

42,7
87

2,32,
270

2,05,
493

2,21, 228,0 218,6 127,2 107,0 91,92 59,9 56,8

252
04
73
35
61
8
55
60

Net
Fixed
Assets

23,7
38

1,28,
864

1,21,
477

1,55, 165,3 169,3 84,88 71,18 62,67 35,0 35,1

526
99
87
9
9
5
82
46

Total
Assets

58,6
74

3,18,
511

2,95,
140

2,84, 251,0 245,7 149,7 117,3 93,09 80,5 71,1

719
06
06
92
53
5
86
57

Market
Capitalis
ation

46,0
17

2,49,
802

2,44,
757

3,42, 351,3 239,7 329,1 198,9 110,9 76,0 75,1

984
20
21
79
05
58
79
32

Number
of
Employe
es

- 1,682

23,51 23,16 22,66 23,36 24,67 25,48 24,69 12,54 12,1 11,3
9
6
1
5
9
7
6
0
13
58

Contribut
ion to
5,33 28,95 28,19 28,71 17,97 11,57 13,69 15,34 15,95 13,9 12,9
National
3
0
7
9
2
4
6
4
0
72
03
Exchequ
er
Key Indicators
$
Earnings
Per Share 1.2
- Rs.

2012- 2011- 2010

13
12
-11
64.8

61.2

62.0

0910

0809

0708

0607

0506

0405

0304

49.7

49.7

105.
3

82.2

65.1

54.2

36.8

[excluding
Exception
al item]*
Turnover
21. 1,149.5 1,037.
Per Share
2
0
8
- Rs.

790.
5

612.
9

464.
9

958.
1

814.
2

639.
6

525.
0

402.
8

Book
Value Per
Share Rs.

419.
5

401.
5

560.
3

440.
0

357.
4

289.
9

246.
7

Debt :
Equity
Ratio

10.
3

557.5 507.3

463.
2

0.40:1 0.41:1

0.44: 0.46: 0.63: 0.45: 0.44: 0.44: 0.46: 0.56:

1
1
1
1
1
1
1
1

EBDIT /
Gross
Turnover
%

10.
5

10.5

11.7

15.9

16.5

17.3

20.8

17.3

16.8

19.5

19.5

Net Profit
Margin %

5.7

5.7

5.9

7.8

8.1

10.5

14.0

10.1

10.2

10.3

9.2

RONW
%*

12.
8

12.8

13.4

15.5

16.4

21.6

28.8

23.5

22.7

21.9

17.0

ROCE %*

11.
2

11.2

11.6

13.2

13.9

20.3

20.3

20.5

20.5

21.3

14.0

PESTAL ANALYSIS

Political factors, are how and to what degree agovernmentintervenes in theeconomy.

Specifically, political factors include areas such astax policy,labour law,environmental law,trade
restrictions,tariffs, and political stability.Political factors may also include goods and services
which the governmentwants to provide or be provided (merit goods) and those that the
governmentdoes not want to be provided (demerit goodsor merit
bads). Furthermore,governments have great influence on thehealth,education,
andinfrastructureof a nation.
Economic factors include economic growth, interest rates, exchange rates and the inflation rate.
These factors have major impacts on how business operate and make decisions. For example,
interest rates affect a firm's cost of capital and therefore to what extent a business grows and
expands. Exchange generates affect the costs of exporting goods and the supply and price of
imported goods in an economy

Social factors include the cultural aspects and include health consciousness, population growth
rate, age distribution, career attitudes and emphasis on safety. Trends in social factors affect the
demand for a company's products and how that company operates. For example, an ageing
population may imply as maller and less-willing workforce (thus increasing the cost of
labor).Furthermore, companies may change various management strategies to adapt to these
social trends (such as recruiting older workers).
Technological factors include ecological and environmental aspects, such as R&Dactivity,
automation, technology incentives and the rate of technological change. They can
determine barriers to entry, minimum efficient production level and influence outsourcing
decisions. Furthermore, technological shifts can affect costs, quality, and lead to innovation.
Environmentalfactors include weather, climate, and climate change, which may especially
affect industries such as tourism, farming, and insurance. Furthermore, growing awareness to
climate change is affecting how companies operate and the products they offer--it is both
creating new marketsand diminishing or destroying existing ones.
Legalfactors includediscrimination law,consumer law,antitrust law,employment law, andhealth
and safety law. These factors can affect how acompany operates, its costs, and the demand for its
products.
The model's factors will vary in importance to a given company based on itsindustry and the
goods it produces. For example, consumer andB2B companies tend to be more affected by the
social factors, while a globaldefense contractor would tend to be more affected by political
factors.Additionally, factors that are more likely to change in the future or morerelevant to a
given company will carry greater importance. For example, acompany who has borrowed heavily
will need to focus more on theeconomic factors (especially interest rates).

NEW COMPITIORS
Balance Sheet

Sources Of Funds
Total Share Capital
Equity Share Capital
Share Application Money
Preference Share Capital
Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt

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

IOC

BPCL

Essar Oil

HPC

Mar '14

Mar '14

Mar '13

Mar '13

Mar '1

3,232.00
3,232.00
17.00
0.00
193,842.00
0.00
197,091.00
10,744.00
74,737.00

2,427.95
2,427.95
0.00
0.00
63,564.13
0.00
65,992.08
17,865.99
62,733.13

723.08
723.08
0.00
0.00
15,910.94
0.00
16,634.02
6,090.84
17,475.95

1,382.27
1,382.27
0.00
0.00
-275.44
0.00
1,106.83
23,652.75
66.19

339.0
339.0
0.0
0.0
13,387.3
0.0
13,726.4
3,874.8
28,583.4

85,481.00

80,599.12

23,566.79

23,718.94

32,458.2

Total Liabilities

Application Of Funds
Gross Block
Less: Accum. Depreciation
Net Block
Capital Work in Progress
Investments
Inventories
Sundry Debtors
Cash and Bank Balance
Total Current Assets
Loans and Advances
Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets
Miscellaneous Expenses
Total Assets
Contingent Liabilities
Book Value (Rs)

282,572.00
Reliance

146,591.20
IOC

40,200.81
BPCL

24,825.77
Essar Oil

46,184.6
HPC

Mar '14

Mar '14

Mar '13

Mar '13

Mar '1

194,793.00
85,387.00
109,406.00
41,716.00
86,062.00
42,932.00
10,664.00
36,624.00
90,220.00
40,179.00
0.00
130,399.00
0.00
80,844.00
4,167.00
85,011.00
45,388.00
0.00
282,572.00

111,730.13
48,781.34
62,948.79
33,879.23
23,594.19
64,697.37
11,023.10
2,608.53
78,329.00
53,662.57
0.00
131,991.57
0.00
79,044.20
26,778.38
105,822.58
26,168.99
0.00
146,591.20

33,571.89
16,881.48
16,690.41
2,419.74
12,103.00
16,690.37
4,025.13
2,328.86
23,044.36
12,729.88
0.00
35,774.24
0.00
24,033.27
2,753.31
26,786.58
8,987.66
0.00
40,200.81

25,558.02
4,283.87
21,274.15
2,610.38
103.00
10,588.37
4,716.49
2,430.66
17,735.52
5,842.80
0.00
23,578.32
0.00
22,694.88
45.20
22,740.08
838.24
0.00
24,825.77

37,006.2
14,457.5
22,548.7
5,172.8
10,626.9
16,438.7
4,935.0
147.1
21,520.8
16,375.3
0.0
37,896.2
0.0
27,760.5
2,299.5
30,060.0
7,836.1
0.0
46,184.6

77,162.00
609.78

56,409.36
271.80

11,467.93
230.04

2,684.25
8.10

8,214.5
405.3

Poters five factor

Intensity of Existing Rivalry
Low storage costs (Reliance
Industries) When storage costs are low,
competitors have a lower risk of having to
unload their inventory all at...
Government limits competition (Reliance
Industries) Government policies and
regulations can dictate the level of
competition within the industry.

Large industry size (Reliance

Industries) Large industries allow multiple
firms and produces to prosper without
having to steal market share...
Relatively few competitors (Reliance
Industries) Few competitors mean fewer
firms are competing for the same
customers and resources, which is a...
Fast industry growth rate (Reliance
Industries) When industries are growing
revenue quickly, they are less likely to
compete, because the total...
Exit barriers are low (Reliance
Industries) When exit barriers are low,
weak firms are more likely to leave the
market, which will increase the...
Add

Add

Bargaining Power of Suppliers

Threat of Substitutes

Large number of substitute inputs

(Reliance Industries) When there are a
large number of substitute inputs,
suppliers have less bargaining leverage
over...

Substitute has lower performance (Reliance

Industries) A lower performance product
means a customer is less likely to switch
from Reliance Industries to...

High competition among suppliers

(Reliance Industries) High levels of
competition among suppliers acts to
reduce prices to producers. This is a
positive...
Low concentration of suppliers (Reliance
Industries) A low concentration of
suppliers means there are many

Substitute is lower quality (Reliance

Industries) A lower quality product means a
customer is less likely to switch from
Reliance Industries to...
Substitute product is inferior (Reliance
Industries) An inferior product means a
customer is less likely to switch from
Reliance Industries to another...

suppliers with limited bargaining power.

Low...
Diverse distribution channel (Reliance
Industries) The more diverse distribution
channels become the less bargaining
power a single distributor will...
Inputs have little impact on costs
(Reliance Industries) When inputs are not
a big component of costs, suppliers of
those inputs have less bargaining
power....

Substantial product differentiation

(Reliance Industries) When products and
services are very different, customers are
less likely to find comparable product...
Limited number of substitutes (Reliance
Industries) A limited number of substitutes
mean that customers cannot easily find
other products or services...
High cost of switching to substitutes
(Reliance Industries) Limited number of
substitutes means that customers cannot
easily switch to other products or...

Volume is critical to suppliers (Reliance

Industries) When suppliers are reliant on
high volumes, they have less bargaining
power, because a producer can...
Critical production inputs are similar
(Reliance Industries) When critical
production inputs are similar, it is easier
to mix and match inputs, which
reduces...
Low cost of switching suppliers (Reliance
Industries) The easier it is to switch
suppliers, the less bargaining power they
have. Low supplier switching...
Add

Add

Bargaining Power of Customers

Threat of New Competitors

Buyers require special customization

(Reliance Industries) When customers
require special customizations, they are
less likely to switch to producers who
have...

High capital requirements (Reliance

Industries) High capital requirements
mean a company must spend a lot of
money in order to compete in the...

Low buyer price sensitivity (Reliance

Industries) When buyers are less
sensitive to prices, prices can increase
and buyers will still buy the product....

Strong distribution network required

(Reliance Industries) Weak distribution
networks mean goods are more
expensive to move around and some
goods dont get to...

Limited buyer information availability

(Reliance Industries) When buyers have
limited information, they are at a
disadvantage in negotiations with
sellers....

High sunk costs limit competition

(Reliance Industries) High sunk costs
make it difficult for a competitor to enter
a new market, because they have to...

Low dependency on distributors

(Reliance Industries) When produces
have low dependence, distributors have
less bargaining power. Low
dependency...

Strong brand names are important

(Reliance Industries) If strong brands are
critical to compete, then new
competitors will have to improve their
brand...

Product is important to customer

(Reliance Industries) When customers
cherish particular products they end up
paying more for that one product. This...

Industry requires economies of scale

(Reliance Industries) Economies of scale
help producers to lower their cost by
producing the next unit of output at
lower...

Limited buyer choice (Reliance

Industries) When customers have limited
choices they end up paying more for the
choices that are available....
Large number of customers (Reliance
Industries) When there are large
numbers of customers, no one customer
tends to have bargaining leverage....

Advanced technologies are required

(Reliance Industries) Advanced
technologies make it difficult for new
competitors to enter the market because
they have to...
Patents limit new competition (Reliance
Industries) Patents that cover vital
technologies make it difficult for new
competitors, because the best...
Geographic factors limit competition
(Reliance Industries) If existing
competitors have the best geographical
locations, new competitors will have a...

Customers are loyal to existing brands

(Reliance Industries) It takes time and
money to build a brand. When
companies need to spend resources
building a brand,...
High switching costs for customers
(Reliance Industries) High switching costs
make it difficult for customers to change
which products they normally...
High learning curve (Reliance Industries) When
the learning curve is high, new competitors must
spend time and money studying the market...

Our mission is to be a leading and preferred service provider to our customers, and
we aim to achieve this leadership position by building an innovative, enterprising , and
technology driven organization which will set the highest standards of service and
business ethic
OUR Vision is to achieve & sustain market leadership, as it s aim for complete
customer satisfaction, by combining its human and technological resources and to
provide world class quality services in the process to meet and exceed customer's
satisfaction and industry standards.