Atul Ltd 2010-11

Atul Ltd | Annual Report 2010-11 Ten Year Review ( ` crores) Operating results 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 Net sales 1508 1168 1159 998 895 817 682 568 578 533 Revenues 1554 1204 1196 1033 925 837 710 604 619 603 Operating PBIDT 193 143 124 97 85 78 68 56 96 89 Interest 25 26 41 33 28 29 22 22 33 39 Operating PBDT 168 117 83 64 57 49 46 34 63 50 Depreciation 39 37 32 29 31 29 27 27 27 28 Operating PBT 129 80 51 35 26 20 19 7 36 22 Exceptional income | (expenses) 10 - (5) 3 - 63 - - 3 - Profit before tax 139 80 46 38 26 83 19 7 39 22 Taxation 43 27 10 3 1 (1) 3 5 5 2 Net profit 96 53 36 35 25 84 16 2 34 20 Dividends (including dividend distribution tax) 16 14 10 10 10 10 7 5 7 5 Financial position Gross block * 1008 986 967 936 771 730 685 666 610 572 Net block * 426 424 443 433 295 273 249 276 244 223 Net current & other assets 469 355 384 428 374 349 312 310 322 349 Capital employed 895 779 827 861 669 622 561 586 566 572 Equity share capital 30 30 30 30 30 30 30 30 30 30 Reserves and surplus 537 455 429 403 270 243 170 255 257 220 Shareholders’ equity 567 485 459 433 300 273 200 285 287 250 Borrowings 328 295 368 428 369 349 361 300 279 322 Per equity share ( ` ) Dividend 4.50 4.00 3.00 3.00 3.00 3.00 2.00 1.50 2.00 1.50 Book Value 191 164 155 146 101 92 67 96 97 84 EPS 30.34 19.15 12.77 12.35 9.98 28.00 6.07 1.18 14.66 5.71 Key Indicators Operating PBDIT % 12.80 12.24 10.70 9.72 9.50 9.55 9.97 9.86 16.61 16.70 Operating PBDT % 11.14 10.02 7.16 6.41 6.37 6.00 6.74 5.99 10.90 9.38 Operating PBT % 8.55 6.85 4.40 3.51 2.91 2.45 2.79 1.23 6.23 4.13 Employee cost as % to sales 7.03 8.82 7.85 8.12 8.04 10.40 9.97 13.56 12.68 13.32 Interest cost as % to sales 1.66 2.23 3.54 3.31 3.13 3.55 3.23 3.87 5.71 7.32 Debt-Equity ratio 0.58 0.61 0.80 0.99 1.23 1.28 1.81 1.05 0.97 1.29 Interest coverage ratio 7.72 5.50 3.02 2.94 3.04 2.69 3.09 2.55 2.91 2.28 RoCE % ** 18.41 13.09 11.19 9.42 8.81 8.41 6.98 4.88 11.77 10.40 RoNW % *** 16.94 11.23 8.95 8.80 8.73 8.56 6.60 0.70 11.69 7.74 * Including capital work in progress ** Excluding exceptional income | expenses and capital work in progress *** Excluding exceptional income | expenses In the business world, the rearview mirror is always cleaner than the windshield. - Warren Buffett