(Rs crore)

Balance sheet
  Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06

Sources of funds
Owner's fund

Equity share capital 144.50 144.50 144.50 144.50 144.50

Share application money - - - - -

Preference share capital - - - - -

Reserves & surplus 11,690.60 9,200.40 8,270.90 6,709.40 5,308.10

Loan funds
Secured loans 26.50 0.10 0.10 63.50 71.70

Unsecured loans 794.90 698.80 900.10 567.30 -

Total 12,656.50 10,043.80 9,315.60 7,484.70 5,524.30

Uses of funds
Fixed assets

Gross block 10,406.70 8,720.60 7,285.30 6,146.80 4,954.60

Less : revaluation reserve - - - - -

Less : accumulated depreciation 5,382.00 4,649.80 3,988.80 3,487.10 3,259.40

Net block 5,024.70 4,070.80 3,296.50 2,659.70 1,695.20

Capital work-in-progress 387.60 861.30 736.30 238.90 92.00

Investments 7,176.60 3,173.30 5,180.70 3,409.20 2,051.20

Net current assets

Current assets, loans & advances 3,856.00 5,570.00 3,190.50 3,956.00 3,870.70

Less : current liabilities & provisions 3,788.40 3,631.60 3,088.40 2,779.10 2,184.80

Total net current assets 67.60 1,938.40 102.10 1,176.90 1,685.90

Miscellaneous expenses not written - - - - -

Total 12,656.50 10,043.80 9,315.60 7,484.70 5,524.30

Notes:
Book value of unquoted investments 11.10 3,162.20 5,169.60 3,398.10 2,040.10

Market value of quoted investments 215.10 108.70 219.50 270.40 289.80

Contingent liabilities 3,657.20 1,901.70 2,734.20 2,094.60 1,289.70

Number of equity sharesoutstanding (Lacs) 2889.10 2889.10 2889.10 2889.10 2889.10

Profit loss account
  Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06

Income
Operating income 29,317.70 20,729.40 18,066.80 14,806.40 12,197.90

Expenses
Material consumed 22,435.40 16,339.80 13,622.00 11,063.70 9,223.70

Manufacturing expenses  1,278.20 909.70 670.60 489.80 359.60

Personnel expenses 545.60 471.10 356.20 288.40 228.70

Selling expenses 916.00 738.20 560.20 499.90 356.00

Adminstrative expenses 404.60 389.20 326.30 274.50 170.60

Expenses capitalised - -22.30 -19.80 -14.30 -6.70

Cost of sales 25,579.80 18,825.70 15,515.50 12,602.00 10,331.90

Operating profit 3,737.90 1,903.70 2,551.30 2,204.40 1,866.00

Other recurring income 617.70 547.60 456.10 361.10 268.10

Adjusted PBDIT 4,355.60 2,451.30 3,007.40 2,565.50 2,134.10

Financial expenses 33.50 51.00 59.60 37.60 20.40

Depreciation  825.00 706.50 568.20 271.40 285.40

Other write offs - - - - -

Adjusted PBT 3,497.10 1,693.80 2,379.60 2,256.50 1,828.30

Tax charges  1,094.90 457.10 763.30 705.30 560.90

Adjusted PAT 2,402.20 1,236.70 1,616.30 1,551.20 1,267.40

Non recurring items 44.30 -55.90 37.90 -23.00 -83.70

Other non cash adjustments 51.10 37.90 76.60 33.40 5.40

Reported net profit 2,497.60 1,218.70 1,730.80 1,561.60 1,189.10

Earnigs before appropriation 10,501.80 8,244.40 7,368.10 5,947.10 4,631.20

Equity dividend 173.30 101.10 144.50 130.00 101.10

Preference dividend - - - - -

Dividend tax 28.80 17.20 24.80 21.90 14.20

Retained earnings 10,299.70 8,126.10 7,198.80 5,795.20 4,515.90

Cash flow
  Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06

Profit before tax 3,592.50 1,675.80 2,503.00 2,279.80 1,750.00

Net cashflow-operating activity 2,887.40 1,193.30 1,830.40 2,028.00 1,222.60

Net cash used in investing activity -4,783.30 951.40 -3,061.50 -2,436.80 -530.70

Netcash used in fin. activity 55.10 -536.20 132.30 430.00 -319.70

Net inc/dec in cash and equivlnt -1,840.80 1,608.50 -1,098.80 21.20 372.20

Cash and equivalnt begin of year 1,939.00 330.50 1,422.80 1,401.60 1,029.40

Cash and equivalnt end of year 98.20 1,939.00 324.00 1,422.80 1,401.60

Ratios
  Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06

Per share ratios

Adjusted EPS (Rs) 83.15 42.81 55.94 53.69 43.87

Adjusted cash EPS (Rs) 111.70 67.26 75.61 63.09 53.75

Reported EPS (Rs) 86.45 42.18 59.91 54.07 41.16

Reported cash EPS (Rs) 115.00 66.64 79.57 63.46 51.04

Dividend per share 6.00 3.50 5.00 4.50 3.50

Operating profit per share (Rs) 129.38 65.89 88.31 76.30 64.59

Book value (excl rev res) per share (Rs) 409.65 323.45 291.28 237.23 188.73

Book value (incl rev res) per share (Rs.) 409.65 323.45 291.28 237.23 188.73

Net operating income per share (Rs) 1,014.77 717.50 625.34 512.49 422.20

Free reserves per share (Rs) 403.82 318.45 286.28 231.89 183.18

Profitability ratios
Operating margin (%) 12.74 9.18 14.12 14.88 15.29

Gross profit margin (%) 9.93 5.77 10.97 13.05 12.95

Net profit margin (%) 8.34 5.72 9.34 10.29 9.53

Adjusted cash margin (%) 10.78 9.13 11.79 12.01 12.45

  Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06

Adjusted return on net worth (%) 20.29 13.23 19.20 22.63 23.24

Reported return on net worth (%) 21.10 13.04 20.56 22.78 21.80

Return on long term funds (%) 28.80 17.48 27.35 30.74 33.47

Leverage ratios
Long term debt / Equity 0.03 0.06 0.05 0.08 0.01

Total debt/equity 0.06 0.07 0.10 0.09 0.01

Owners fund as % of total source 93.51 93.04 90.33 91.57 98.70

Fixed assets turnover ratio 2.82 2.38 2.48 2.41 2.46

Liquidity ratios
Current ratio 1.02 1.53 1.03 1.42 1.77

Current ratio (inc. st loans) 0.91 1.51 0.91 1.40 1.77

Quick ratio 0.67 1.26 0.66 1.13 1.31

Inventory turnover ratio 30.47 30.46 22.93 28.76 18.78

Payout ratios
Dividend payout ratio (net profit) 8.09 9.70 9.78 9.72 9.69

Dividend payout ratio (cash profit) 6.08 6.14 7.36 8.28 7.81

Earning retention ratio 91.59 90.44 89.53 90.21 90.91

Cash earnings retention ratio 93.74 93.92 92.25 91.67 92.58

Coverage ratios
Adjusted cash flow time total debt 0.25 0.35 0.41 0.34 0.04

Financial charges coverage ratio 130.02 48.06 50.46 68.23 104.61

Fin. charges cov.ratio (post tax) 100.18 38.75 39.57 49.76 73.28

Component ratios
Material cost component (% earnings) 77.21 77.10 77.25 73.36 77.25

Selling cost Component 3.12 3.56 3.10 3.37 2.91

Exports as percent of total sales 15.49 7.24 4.10 3.90 4.78

Import comp. in raw mat. consumed 12.89 11.70 10.84 12.62 18.75

Long term assets / total Assets 0.76 0.59 0.74 0.61 0.49

Bonus component in equity capital (%) - - - - -

Capital structure
From To Class Of Authorized Issued Paid Up Shares Paid Up Face Paid Up
Year Year Share Capital Capital (Nos) Value Capital

2009 2010 Equity Share 372.00 144.46 288910060 5 144.46

2008 2009 Equity Share 372.00 144.46 288910060 5 144.46

2007 2008 Equity Share 372.00 144.46 288910060 5 144.46

2006 2007 Equity Share 372.00 144.46 288910060 5 144.46

2005 2006 Equity Share 155.00 144.46 288910060 5 144.46

2004 2005 Equity Share 155.00 144.46 288910060 5 144.46

2003 2004 Equity Share 155.00 144.46 288910060 5 144.46

2002 2003 Equity Share 155.00 144.46 288910060 5 144.46

2001 2002 Equity Share 135.00 132.29 13229162 100 132.29

2000 2001 Equity Share 135.00 132.29 13229162 100 132.29

1999 2000 Equity Share 135.00 132.29 13229162 100 132.29

1993 1999 Equity Share 135.00 132.29 13229162 100 132.29

Share holding
Share holding pattern as on : 30/09/2010 30/06/2010 31/03/2010

Face value 5.00 5.00 5.00

No. Of Shares % Holding No. Of Shares % Holding No. Of Shares % Holding

Promoter's holding

Foreign Promoters 156618440 54.21 156618440 54.21 156618440 54.21

Sub total 156618440 54.21 156618440 54.21 156618440 54.21

Non promoter's holding

Institutional investors

Banks Fin. Inst. and Insurance 40723803 14.10 40723803 14.10 40250313 13.93

FII's 58028722 20.09 58028722 20.09 61017822 21.12

Sub total 107187371 37.10 107187371 37.10 109173024 37.79

Other investors

Private Corporate Bodies 17321036 6.00 17321036 6.00 16280136 5.64

 No. Of Shares % Holding No. Of Shares % Holding No. Of Shares % Holding

NRI's/OCB's/Foreign Others 202430 0.07 202430 0.07 163096 0.06

Others 440067 0.15 440067 0.15 166817 0.06

Sub total 17963069 6.22 17963069 6.22 16609585 5.75

General public 7140716 2.47 7140716 2.47 6508547 2.25

Grand total 288909596 100.00 288909596 100.00 288909596 100.00

Dividend
Year Month Dividend (%)

2010 Apr 120

2009 Apr 70

2008 Apr 100

2007 Apr 90

2006 Jul 70

2005 May 40

2004 May 30