Apeejay Tea Ltd.

: Balance Sheet
 
(Rs. in Crore)
March ' 07 March ' 06 March ' 05 March ' 04 March ' 03
 
12 Months  12 Months  12 Months  12 Months  12 Months 
SOURCES OF FUNDS           
Owner's Fund           
Equity Share Capital   6.00  6.00  6.00  6.00  6.00
Share Application Money   0.00  0.00  0.00  0.00  0.00
Preference Share Capital   0.00  0.00  0.00  0.00  0.00
Reserves & Surplus   58.31  57.63  64.54  67.15  77.89
Loan Funds           
Secured Loans   43.22  31.96  12.19  11.78  18.80
Unsecured Loans   20.00  42.16  22.97  22.57  36.52
Total   127.53  137.75  105.70  107.50  139.21
           
USES OF FUNDS           
Fixed Assets           
Gross Block   237.11  262.50  256.32  253.54  252.22
Less : Revaluation Reserve   99.42  113.02  118.23  127.27  133.25
Less : Accumulated Depreciation   103.16  113.49  105.22  93.53  84.25
Net Block   34.54  35.99  32.87  32.74  34.71
Capital Work-in-progress   1.52  0.31  1.00  0.60  0.38
           
Investments   6.58  3.27  2.58  3.20  4.37
           
Net Current Assets           
Current Assets, Loans & Advances   105.70  119.92  91.91  95.52  127.22
Less : Current Liabilities & Provisions   20.81  21.75  22.66  24.57  27.47
Total Net Current Assets   84.89  98.17  69.25  70.95  99.75
Miscellaneous expenses not written   0.00  0.00  0.00  0.00  0.00
Total   127.53  137.74  105.70  107.49  139.21
Note :           
Book Value of Unquoted Investments   7.44  3.23  3.21  3.21  4.10
Market Value of Quoted Investments   0.56  1.68  0.68  0.56  1.51
Contingent liabilities   7.23  8.51  4.45  4.15  5.52
Number of Equity shares outstanding (in Lacs)   60.00  60.00  60.00  60.00  60.00

Apeejay Tea Ltd. : Ratio Analysis

 
March ' 07 March ' 06 March ' 05 March ' 04 March ' 03
 
12 Months  12 Months  12 Months  12 Months  12 Months 
PER SHARE RATIOS           
           
Adjusted E P S (Rs.)   -4.49  -11.69  -2.89  -19.61  5.02
Adjusted Cash EPS (Rs.)   1.41  -6.06  2.58  -13.96  10.96
Reported EPS (Rs.)   1.14  -11.52  -4.31  -17.90  4.68
Reported Cash EPS (Rs.)   7.04  -5.90  1.16  -12.25  10.61
Dividend Per Share   0.00  0.00  0.00  0.00  2.00
Operating Profit Per Share (Rs.)   -0.79  -10.46  -5.56  -22.03  8.45
Book Value (Excl Rev Res) Per Share (Rs.)   107.18  106.04  117.56  121.91  139.81
Book Value (Incl Rev Res) Per Share (Rs.)   272.88  294.41  314.61  334.02  361.90
Net Operating Income Per Share (Rs.)   154.27  156.15  145.49  143.50  154.99
Free Reserves Per Share (Rs.)   94.64  93.50  105.02  109.37  127.27
           
PROFITABILITY RATIOS           
           
Operating Margin (%)   -0.51  -6.69  -3.81  -15.34  5.44
Gross Profit Margin (%)   -4.33  -10.29  -7.57  -19.28  1.61
Net Profit Margin (%)   0.69  -6.86  -2.73  -11.41  2.83
Adjusted Cash Margin (%)   0.85  -3.61  1.63  -8.89  6.64
Adjusted Return On Net Worth (%)   -4.18  -11.02  -2.46  -16.08  3.59
Reported Return On Net Worth (%)   1.06  -10.86  -3.66  -14.67  3.34
Return On long Term Funds (%)   2.31  -2.30  0.82  -8.17  6.20
           
LEVERAGE RATIOS           
           
Long Term Debt / Equity   0.46  0.81  0.31  0.43  0.43
Total Debt/Equity   0.98  1.16  0.49  0.46  0.65
Owners fund as % of total Source   50.42  46.19  66.73  68.04  60.25
Fixed Assets Turnover Ratio   0.39  0.35  0.34  0.33  0.36
           
LIQUIDITY RATIOS           
           
Current Ratio   5.08  5.51  4.06  3.89  4.63
Current Ratio (Inc. ST Loans)   1.57  2.63  1.92  3.33  1.95
Quick Ratio   4.26  4.93  3.62  3.63  4.31
Inventory Turnover Ratio   7.06  10.78  15.59  29.24  15.59
           
PAYOUT RATIOS           
           
Dividend payout Ratio (Net Profit)   0.00  0.00  0.00  0.00  48.24
Dividend payout Ratio (Cash Profit)   0.00  0.00  0.00  0.00  21.26
Earning Retention Ratio   100.00  0.00  0.00  0.00  55.09
Cash Earnings Retention Ratio   100.00  0.00  100.00  0.00  79.41
           
COVERAGE RATIOS           
           
Adjusted Cash Flow Time Total Debt   74.82  0.00  22.74  0.00  8.41
Financial Charges Coverage Ratio   1.18  0.16  1.48  -1.55  3.41
Fin. Charges Cov.Ratio (Post Tax)   1.87  0.16  1.25  -1.18  2.97
           
COMPONENT RATIOS           
           
Material Cost Component(% earnings)   16.06  15.55  17.69  18.45  11.76
Selling Cost Component   6.91  5.61  4.89  5.76  6.32
Exports as percent of Total Sales   11.38  3.12  12.69  17.51  15.72
Import Comp. in Raw Mat. Consumed   0.00  0.00  0.00  0.00  0.00
Long term assets / Total Assets   0.28  0.24  0.28  0.27  0.23
Bonus Component In Equity Capital (%)   50.00  50.00  50.00  50.00  50.00

Apeejay Tea Ltd. : Income Statement

 
(Rs. in Crore)
  March ' 07 March ' 06 March ' 05 March ' 04 March ' 03
 12 Months  12 Months  12 Months  12 Months  12 Months 
Income :           
Operating Income   92.56  93.69  87.30  86.10  92.99
           
Expenses           
Material Consumed   9.43  11.54  12.72  18.89  10.16
Manufacturing Expenses   16.22  17.56  15.25  14.95  12.22
Personnel Expenses   51.00  55.76  50.75  52.44  51.98
Selling Expenses   6.40  5.26  4.27  4.96  5.88
Adminstrative Expenses   9.99  9.85  7.64  8.07  7.69
Expenses Capitalised   0.00  0.00  0.00  0.00  0.00
           
Cost Of Sales   93.04  99.97  90.63  99.31  87.93
           
Operating Profit   -0.48  -6.27  -3.33  -13.22  5.07
           
Other Recurring Income   6.20  6.98  7.38  8.00  5.96
           
Adjusted PBDIT   5.72  0.70  4.04  -5.21  11.02
           
Financial Expenses   4.83  4.25  2.73  3.36  3.23
Depreciation   3.54  3.38  3.28  3.39  3.56
Other Write offs   0.00  0.00  0.00  0.00  0.00
           
Adjusted PBT   -2.65  -6.93  -1.96  -11.96  4.23
           
Tax Charges   0.04  0.09  -0.23  -0.20  1.22
           
Adjusted PAT   -2.69  -7.01  -1.74  -11.76  3.01
Non Recurring Items   3.06  -0.09  -0.85  1.01  -0.21
Other Non Cash adjustments   0.31  0.19  0.00  0.02  0.00
           
Reported Net Profit   0.69  -6.91  -2.59  -10.74  2.81
           
Earnigs Before Appropriation   0.69  -6.91  -2.59  -6.13  6.24
           
Equity Dividend   0.00  0.00  0.00  0.00  1.20
Preference Dividend   0.00  0.00  0.00  0.00  0.00
Dividend Tax   0.00  0.00  0.00  0.00  0.15
Retained Earnings   0.69  -6.91  -2.59  -6.13  4.88

Apeejay Tea Ltd. : Annual Results

 
(Rs. in Crore)
March ' 07 March ' 06 March ' 05 March ' 04 March ' 03
 
12 Months  12 Months  12 Months  12 Months  12 Months 
           
Sales   92.56  94.18  88.87  86.95  93.16
Other Income   9.37  7.29  7.54  10.04  6.25
Stock Adjustment   -5.43  -3.04  -2.72  3.00  -0.78
Raw Material   2.29  2.17  3.98  3.88  0.17
Power And Fuel   14.58  15.48  13.70  13.11  10.77
Employee Expenses   51.00  55.76  50.75  52.44  51.98
Excise   0.00  0.45  1.55  0.92  0.16
Admin And Selling Expenses   0.00  0.00  0.00  0.00  0.00
Research And Devlopment Expenses   0.00  0.00  0.00  0.00  0.00
Expenses Capitalised   0.00  0.00  0.00  0.00  0.00
Other Expeses   30.60  29.92  25.96  27.83  26.29
Provisions Made   0.00  0.00  0.00  0.00  0.00
Operating Profit   -0.48  -6.56  -4.35  -14.23  4.57
Interest   4.83  4.25  2.73  3.36  3.23
Gross Profit   4.06  -3.52  0.46  -7.55  7.59
Depreciation   3.54  3.38  3.28  3.39  3.56
Taxation   -0.17  0.01  -0.23  -0.20  1.22
Net Profit / Loss   0.69  -6.91  -2.59  -10.74  2.81
Extra Ordinary Item   0.00  0.00  0.00  0.00  0.00
Prior Year Adjustments   0.00  0.00  0.00  0.00  0.00
           
Equity Capital   6.00  6.00  6.00  6.00  6.00
Equity Dividend Rate   0.00  0.00  0.00  0.00  20.00
Agg.Of Non-Prom. Shares (in Lacs)   15.44  15.44  15.44  15.44  15.44
Agg.Of Non PromotoHolding(%)   25.73  25.73  25.73  25.73  25.73
OPM(%)   -0.51  -6.96  -4.89  -16.36  4.90
GPM(%)   3.98  -3.46  0.47  -7.78  7.63
NPM(%)   0.67  -6.80  -2.68  -11.07  2.82
EPS (in Rs.)   1.15  -11.52  -4.32  -17.90  4.68