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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