Atul Ltd 2010-11

Financial Analysis Highlights  Sales up by 29% to ` 1508 crores  Profit before tax and exceptional items up from ` 80 crores to ` 129 crores  Profit after tax up from ` 53 crores to ` 96 crores  Return on average capital employed up from 13% to 18% Sources of Funds Capital The Company has a paid up share capital of ` 29.67 crores comprising 2,96,61,733 Equity Shares of ` 10 each as of March 31, 2011. Reserves and Surplus Reserves and surplus increased by 18% to ` 537 crores during the year owing to profit earned. Loan Funds Borrowings increased by 11% to ` 328 crores as a result of higher working capital employed due to growth in sales of ` 340 crores and also payments towards capital expenditure of ` 47 crores. Secured loans constituted 90% of the total. Of the secured loans, 48% was for funding additional working capital; the balance was for projects. Foreign currency loans constituted 34% of the total debt. The Company remained reasonably geared with the ratio of total debt to total equity at 0.58:1. 0 200 400 600 800 1000 1200 1400 1600 2010-11 2009-10 2008-09 2007-08 2006-07 Sales ` crores CAGR: 13% 895 998 1159 1168 1508 0 50 100 150 200 250 2010-11 2009-10 2008-09 2007-08 2006-07 6 8 10 12 14 Operating Profit (PBIDT) 9% 10% 11% 12% 13% ` crores % 85 97 124 143 193 CAGR: 20% 0 20 40 60 80 100 120 140 160 2010-11 2009-10 2008-09 2007-08 2006-07 Profit Before Tax 26 ` crores 38 46 80 139 CAGR: 47% Atul Ltd I Annual Report 2010-11