Balance Sheet

Company Name: Britannia Industries Ltd.

(Indian Rupee .in Crores)

Year Mar-19 Mar-18 Mar-17

Currency Rate(INR) As Of 31-03-2019 31-03-2018 31-03-2017
Currency Rate (INR) In INR 1 1 1
SOURCES OF FUNDS
Share Capital 24.03 24.01 24
Share warrants & Outstandings 19.93 11.44 5.92
Reserve 3995.49 3199.83 2552.06
Shareholder's Funds 4039.45 3235.28 2581.98
Secured Loans 0.26 0.3 0.44
Unsecured Loans 27.03 25.69 24.3
Total Debts 27.29 25.99 24.74
Total Liabilities 4066.74 3261.27 2606.72
Fixed Assets 1718.63 1317.69 1006.11
Less: Accumulated Depreciation 427.16 301.41 182.04
Less: Impairment of Assets 0 0 0
Lease Adjustment A/c 0 0 0
Capital Work in Progress 64.91 200.28 29.77
Pre-operative Expenses pending 0 0 0
Assets in transit 0 0 0
Net Fixed Assets 1291.47 1016.28 824.07
Investments 1821.02 1370.02 916.72
Current Assets, Loans & Advances
Inventories 718.89 594.58 602.61
Sundry Debtors (Debotrs) 350.96 230.32 126.41
Cash and Bank 40.48 97.25 53.55
Other Current Assets 132.8 111.44 89.62
Loans and Advances 1232.44 998.45 1046.96
Total Current Assets 2475.57 2032.04 1919.15
Less : Current Liabilities and Provisions
Current Liabilities 1323.25 1140.75 873.08
Provisions 259.11 225.28 216.34
Total Current Liabilities 1582.36 1366.03 1089.42
Net Current Assets 893.21 666.01 829.73
Miscellaneous Expenses not written off 0 0 0
Deferred Tax Assets / Liabilities -3.87 8.68 6.43
Total Assets 4066.74 3261.27 2606.72
Contingent Liabilities 111.3 70.37 103.83

Total assets 5588.06 4418.34 3659.94

PAT 1122.2 947.89 843.69

Return On Equity
Net Income/Shareholder's Fund 0.277810097909369 0.29298546 0.326760858

Current Ratio
Current Assets /Current Liabilities 1.56447963800905 1.4875515179 1.7616254521

Quick Ratio
Quick Assets/ Current Liabilities 1.11016456432165 1.0522902132 1.2084779057

Debt Ratio
Total Liabilities/Total Non Current Assets 1.30658733040106 1.3666638729 1.4974350726

Debt Equity Ratio

Long Term Debt/Net Worth 0.006755870229858 0.0080333078 0.0095817938

Debt to Total Assets Ratio

Long Term Debt/Total Assets 0.004883626875875 0.0058822997 0.0067596737

Quick Assets Ratio

1.4
1.2
1
0.8
0.6
0.4
0.2
0
1 2 3 4 5 6 7

Return On Equity
D
0.6
0.5 0.014
0.012
0.4 0.01
0.3 0.008
0.2 0.006
0.004
0.1 0.002
0 0
1 2 3 4 5 6 7 1 2
0.5 0.014
0.012
0.4 0.01
0.3 0.008
0.2 0.006
0.004
0.1 0.002
0 0
1 2 3 4 5 6 7 1 2
 Mar-16 Mar-15 Mar-14 Mar-13
31-03-2016 31-03-2015 31-03-2014 31-03-2013
1 1 1 1

24 23.99 23.99 23.91

2.11 0 0 2.29
1989.92 1215.2 833.75 617.32
2016.03 1239.19 857.74 643.52
0.49 0.73 0.34 0.41
23.24 19.62 18.77 19.18
23.73 20.35 19.11 19.59
2039.76 1259.54 876.85 663.11
722.11 1000.7 939.33 784.22
80.32 474.76 393.67 332.54
0 0 0 0
0 0 0 0
74.5 48.22 97.22 128.44
0 0 0 0
0 0 0 0
641.79 525.94 545.66 451.68
1284.71 825.31 485.54 433.03

384.2 345.74 366.86 331.49

106.88 70.98 53.69 77.12 Average Accounts Receivables
25.81 186.67 65.78 64.48
57.59 10.66 0.99 0.88 65.405 2014
500.79 427.36 228.7 195.91 62.335 2015
1075.27 1041.41 716.02 669.88 88.93 2016
116.645 2017
856.82 791.54 633.05 733.34 178.365 2018
203.39 410.91 325.38 272.96 290.64 2019
1060.21 1202.45 958.43 1006.3
15.06 -161.04 -242.41 -336.42
0 0 0 0
23.7 21.11 -9.16 -13.62
2039.76 1259.54 876.85 663.11
 171.94 67.25 45.9 53.39

3001.77 2392.66 1747.22 1554.59

763.31 622.41 369.83 233.87

0.378620358 0.50227165 0.43116795 0.36342305

1.014204733 0.86607343 0.747075947 0.665686177

0.6518236953 0.57854381 0.364304122 0.33627149

1.0587905528 0.93212951 0.850320016 0.749522442

0.0117706582 0.01642202 0.022279479 0.030441944

0.0079053359 0.00850518 0.010937375 0.012601393

Current Asset Ratio

2
1.5
1
0.5
0
1 2 3 4 5 6 7

Debt to Assets Ratio

0.014
0.012
0.01
0.008
0.006
0.004
0.002
0
1 2 3 4 5 6 7
0.014
0.012
0.01
0.008
0.006
0.004
0.002
0
1 2 3 4 5 6 7
Profit & Loss

Company Name: Britannia Industries Ltd.

Year End Mar-19 Mar-18 Mar-17

No of Months 12 12 12
Gross Sales 10482.45 9380.17 8684.39
Less: Excise 0 76.11 270.02
Net Sales 10482.45 9304.06 8414.37
EXPENDITURE :
Increase/Decrease in Stock -49.02 -4.18 -49.25
Raw Materials Consumed 6326.65 5777.63 5247.56
Power & Fuel Cost 140.44 94.98 75.04
Employee Cost 321.64 294.87 241.68
Other Manufacturing Expenses 700.81 579.92 609.91
General and Administration Expenses 66.81 63.45 89.44
Selling and Distribution Expenses 971.02 813.12 748.37
Miscellaneous Expenses 368.66 273.79 247.47
Less: Pre-operative Expenses Capitalised 0 0 0
Total Expenditure 8847.01 7893.58 7210.22
PBIDT (Excl OI) 1635.44 1410.48 1204.15
Other Income 217.21 155.93 144.78
Operating Profit 1852.65 1566.41 1348.93
Interest 1.54 1.45 1.34
PBDT 1851.11 1564.96 1347.59
Depreciation 135 119.76 96.43
Profit Before Taxation & Exceptional Items 1716.11 1445.2 1251.16
Exceptional Income / Expenses 0 0 0
Profit Before Tax 1716.11 1445.2 1251.16
Provision for Tax 593.91 497.31 407.47
PAT 1122.2 947.89 843.69
Extra items 0 0 0
Appropriations 3637.25 2927.75 2353.03
Dividend(%) 1500 1250 1100
EPS 46.7 78.96 70.31
Adjusted EPS 46.7 39.48 35.15

Accounts Receivables Turnover Ratio

Net Credit Revenue from
Operations/Average Trade Receivables 36.066783649876 52.16303647 72.13656822
Accounts Receivable Holding Period 10.12 7.00 5.06

Inventory Turnover Ratio

COGS/Average Inventory 9.4442050446527 9.665399811 10.192742271
Inventory Holding Period 38.6 37.8 35.8

Interest Coverage Ratio

Profit before interest and Tax/Fixed Interest
Charges 1114.3571428572 996.6896552 933.70149254

Operating Profit Ratio 17.673826252451 16.83576847 16.031265561

Total Asset Turnover Ratio

Net Sales/Average Total Assets 6.3781841635306 6.539191673 6.6406256782

Return On Assets
Net Income/Total Assets 0.63659725098 0.621909773 0.6384480919

Total assets 1762.81 1524.16 1321.47

Return On Assets
Net Income / Total Assets 0.927746042 0.925415 0.91122008

Interest Coverage Ratio 1061.974026 972.7448 898.619403

Pre Tax Net Profit Margin

PBT/Net Sales 0.156016962 0.151598 0.14310638

Inventories 718.89 594.58 602.61

Sundry Debtors (Debotrs) 350.96 230.32 126.41

140
Accounts Receivable Turnover Ratio
120 Inventory Turnover Rati
100

80 12
8
60
4
40
0
20 1 2 3 4

0
1 2 3 4 5 6

Interest Coverage Ratio

1200
1000
800
600
400
200
0
1 2 3 4 5 6
 Mar-16 Mar-15 Mar-14 Mar-13 Trend Analysis of sales (Base Year 2019)
12 12 12 12 53.57039623 2013
7960.62 7344.79 6423.15 5700.77 60.1709524 2014
228.92 168.8 115.76 85.28 68.4571832 2015
7731.7 7175.99 6307.39 5615.49 73.75852019 2016
80.27102443 2017
-7.12 -25.48 -12.58 -10.16 88.75844865 2018
4645.07 4342.32 3822.31 3528.6 100 2019
57.5 67.42 65.12 52.27
216.24 176.79 172.45 143.5
603.53 650.55 584.62 530.84
79.1 32.42 28.88 26.1
792.15 960.77 874.59 799.58
226.89 199.7 175.38 173.23
0 0 0 0
6613.36 6404.49 5710.77 5243.96
1118.34 771.5 596.62 371.53
119.83 87.53 34.82 55.47
1238.17 859.03 631.44 427
1.25 1.21 5.44 37.74
1236.92 857.82 626 389.26
87.79 117.27 63.38 57.08
1149.13 740.55 562.62 332.18
0 142.06 -20 0
1149.13 882.61 542.62 332.18
385.82 260.2 172.79 98.31
763.31 622.41 369.83 233.87
0 0 0 0
1815.29 1113.56 696.72 469.22
1000 800 600 425
63.61 51.89 30.83 19.56
31.8 25.94 15.42 9.78

86.941414596 115.119756 96.4358994

 4.20 3.17 3.78

12.62188673 12.2465338 10.8453927

28.9 29.8 33.7

919.304 729.429752 99.7463235

16.014201275 11.9708918 10.0111139 Operating Profit Margin is same as operating profit is given and net sales and gross

7.2015238166 9.51754369 13.6347993

0.6294094365 0.66603531 0.64492109 0.6648945

1212.74 934.5 573.45 351.74

0.9221597 0.825575 1.040405 1.05626

894.672 637.6033 109.6728 9.84446

0.1446435 0.107511 0.094591 0.06616

384.2 345.74 366.86 331.49 Average Inventory

349.175 2014
356.3 2015
364.97 2016
493.405 2017
598.595 2018
656.735 2019

106.88 70.98 53.69 77.12 Average Accounts Receivables

65.405 2014
62.335 2015
 88.93 2016
116.645 2017
178.365 2018
290.64 2019

Inventory Turnover Ratio

Operating Profit Ratio
20
18
16
14
12
10
8
2 3 4 5 6 6
4
2
0
1 2 3 4 5 6

EPS
Return On Assets 90
1.2 80
70
1
60
0.8 50
40
0.6
30
0.4 20
0.2 10
0
5 6 0 1 2 3 4 5
1 2 3 4 5 6 7
s (Base Year 2019)
and net sales and gross sales is same
 EPS

3 4 5 6 7
Cash Flow

Company Name: Britannia Industries Ltd.

(Rs.in Millions)
Particulars Mar-19
No of Months 12
Profit Before Tax 1716.11
Adjustment -30.09
Changes In working Capital 6.96
Cash Flow after changes in Working Capital 1692.98
Cash From Operating Activities 1113.65
Cash Flow from Investing Activities -831.1
Cash from Financing Activites -326.26
Net Cash Inflow / Outflow -43.71
Opening Cash & Cash Equivalents 66.84
Cash & Cash Equivalent on Amalgamation / Take over / Merger 0
Cash & Cash Equivalent of Subsidiaries under liquidations 0
Translation adjustment on reserves / op cash balalces frgn subsidiaries 0
Effect of Foreign Exchange Fluctuations 0
Closing Cash & Cash Equivalent 23.13
Mar-18 Mar-17 Mar-16 Mar-15 Mar-14 Mar-13
12 12 12 12 12 12
1445.2 1251.16 1149.13 882.61 542.62 332.18
-21.15 -35.34 -21.48 -115.95 55.7 39.53
243.01 -428.39 141.95 43.06 198.06 -20.26
1667.06 787.43 1269.6 809.72 796.38 351.45
1182.58 401.94 878.03 515.33 614.51 272.01
-822.78 -115.49 -659.14 -384.29 -227.34 53.89
-304.27 -283.8 -228.3 -168.11 -325.46 -359.11
55.53 2.65 -9.41 -37.07 61.71 -33.21
11.31 8.66 18.07 54.69 -7.02 26.19
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
66.84 11.31 8.66 17.62 54.69 -7.02