Net Sales 9,790.50 12164.29 13947.

53

Balance Sheet of ------------------- in

Rs. Cr.
ITC -------------------
Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 375.52 376.22 376.86

0.03835554874623 0.030928233378192 0.027019837921123
Equity Share Capital 375.52 376.22 376.86
0.03835554874623 0.030928233378192 0.027019837921123
Share Application Money 0 0 0

Preference Share Capital 0 0 0

Reserves 8,626.79 10,003.78 11,624.69

0.88 0.82 0.83
Revaluation Reserves 59.17 57.08 56.12
0.00604361370717 0.004692423478888 0.004023651499585
Networth 9,061.48 10,437.08 12,057.67
0.93 0.86 0.86
Secured Loans 25.91 60.78 5.57
0.00264644298044 0.004996592485053 0.000399353864089
Unsecured Loans 93.82 140.1 208.86
0.00958275879679 0.011517318314509 0.014974694444106
Total Debt 119.73 200.88 214.43
0.01222920177723 0.016513910799562 0.015374048308195
Total Liabilities 9,181.21 10,637.96 12,272.10
0.94 0.87 0.88
Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths

Application Of Funds

Gross Block 6,227.17 7,134.31 8,959.70

 0.64 0.59 0.64
Less: Accum. Depreciation 2,065.44 2,389.54 2,790.87
0.21 0.20 0.20

Net Block 4,161.73 4,744.77 6,168.83

0.43 0.47 0.44
Capital Work in Progress 399.97 1,130.20 1,126.82
0.04085286757571 0.09 0.08
Investments 3,517.01 3,067.77 2,934.55
0.36 0.25 0.21
Inventories 2,636.29 3,354.03 4,050.52
0.27 0.28 0.29
Sundry Debtors 547.96 636.69 736.93
0.05596854093254 0.052340909333796 0.05283587846737
Cash and Bank Balance 67.47 103.54 153.34
0.0068913742914 0.008511799702243 0.010994061314082
Total Current Assets 3,251.72 4,094.26 4,940.79
0.33 0.34 0.35
Loans and Advances 1,188.42 1,390.19 1,949.29
0.12 0.11 0.14
Fixed Deposits 788.35 796.62 416.91
0.08052193452837 0.065488409105669 0.029891314089305
Total CA, Loans & Advances 5,228.49 6,281.07 7,306.99
0.53 0.52 0.52
Deffered Credit 0 0 0
Current Liabilities 2,736.95 3,113.01 3,619.76
0.28 0.26 0.26
Provisions 1,389.04 1,472.84 1,645.33
0.14 0.12 0.12
Total CL & Provisions 4,125.99 4,585.85 5,265.09
0.42 0.38 0.38
Net Current Assets 1,102.50 1,695.22 2,041.90
0.11 0.14 0.15
Miscellaneous Expenses 0 0 0
Total Assets 9,181.21 10,637.96 12,272.10
0.94 0.87 0.88

Contingent Liabilities 98.72 129.56 308.08

0.01008324396098 0.010650847686137 0.022088498823806
Book Value (Rs) 23.97 27.59 31.85
0.002448291711353 0.002268114291915 0.002283558450851

Fixed assets 5,929.49 6,543.70 7,331.31

 15611.92 18153.19 20159.978 22699.121 25687.377 29084 32770.176

Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 Mar '14 Mar '15

12 mths 12 mths

377.44 381.82
0.02417639855 0.02103321785 0.0283026 0.0262921 0.0253648 0.0250338 0.0252053
377.44 381.82
0.02417639855 0.02103321785 0.0283026 0.0262921 0.0253648 0.0250338 0.0252053
0 0

0 0

13,302.55 13,628.17
0.85 0.75 0.83 0.82 0.82 0.81 0.81
55.09 54.39
0.00352871396 0.0040236515 0.0044624 0.0041462 0.0040369 0.0040396 0.0041417
13,735.08 14,064.38
0.88 0.77 0.86 0.85 0.85 0.84 0.83
11.63 0
0.00074494361 0 0.0017575 0.0015797 0.0008963 0.0009957 0.0010458
165.92 107.71
0.01062777672 0.00593339242 0.0105272 0.0107161 0.0105558 0.0096721 0.0094809
177.55 107.71
0.01137272033 0.00593339242 0.0122847 0.0122957 0.0114521 0.0106677 0.0105267
13,912.63 14,172.09
0.89 0.78 0.87 0.86 0.86 0.85 0.84
Mar '09 Mar '10

12 mths 12 mths

10,558.65 11,967.86
 0.68 0.66 0.64 0.64 0.65 0.65 0.65
3,286.74 3,825.46
0.21 0.21 0.21 0.20 0.21 0.21 0.21

7,271.91 8,142.40
0.47 0.45 0.45 0.45 0.45 0.45 0.45
1,214.06 1,008.99
0.08 0.06 0.0695802 0.08 0.07 0.07 0.07
2,837.75 5,726.87
0.18 0.32 0.26 0.24 0.24 0.25 0.26
4,599.72 4,549.07
0.29 0.25 0.28 0.28 0.28 0.28 0.27
668.67 858.8
0.04283073446 0.04730848958 0.0502569 0.0491146 0.0484693 0.047596 0.0485491
68.73 120.16
0.00440240534 0.0066192223 0.0074838 0.0076023 0.0074203 0.0067056 0.0071662
5,337.12 5,528.03
0.34 0.30 0.33 0.33 0.33 0.33 0.33
2,150.21 1,929.16
0.14 0.11 0.12 0.12 0.13 0.12 0.12
963.66 1,006.12
0.061725912 0.06 0.0586103 0.054228 0.0519759 0.0563928 0.06
8,450.99 8,463.31
0.54 0.47 0.52 0.51 0.51 0.51 0.50
0 0
4,121.59 4,619.54
0.26 0.25 0.26 0.26 0.26 0.26 0.26
1,740.49 4,549.94
0.11 0.25 0.15 0.15 0.16 0.16 0.17
5,862.08 9,169.48
0.38 0.51 0.41 0.41 0.42 0.42 0.43
2,588.91 -706.17
0.17 -0.03890060094 0.11 0.10 0.10 0.09 0.070496
0 0
13,912.63 14,172.09
0.89 0.78 0.87 0.86 0.86 0.85 0.84

261.36 258.73
0.01674105427 0.01425259142 0.0147632 0.0156992 0.0167089 0.015633 0.0154114
36.24 36.69
0.002321303209 0.002021132374 0.0022685 0.0022325 0.0022254 0.0022138 0.0021923

8,575.51 8,644.06 7,404.81 7,699.88 7,931.11 8,051.08 7,946.19

Net Sales 9790.53 12164.29 13947.53 15611.92

Profit & Loss -------------------

in Rs. Cr.
account of ITC -------------------
Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths

Income
Sales Turnover 16,236.42 19,519.99 21,467.38 23,247.84
1.66 1.99 2.19 2.37
Excise Duty 6,438.09 7,206.16 7,435.18 8,262.03
0.66 0.74 0.76 0.84
Net Sales 9,798.33 9,798.33 9,798.33 9,798.33

Other Income 203.2 276.22 516.5 426.21

0.0207382278 0.014150622 0.0240597595 0.0183333161
Stock Adjustments 135.68 322.96 32.46 630.3
0.0138582896 0.0265498438 0.0023272938 0.040372997
Total Income 10,137.21 12,913.01 14,581.16 16,042.32

Expenditure

Raw Materials 4,265.72 5,807.48 6,307.79 6,864.96

0.26 0.30 0.29 0.30
Power & Fuel Cost 245.17 253 309.9 394.12
0.0151000036 0.0129610722 0.0144358557 0.0169529728
Employee Cost 541.4 630.15 745 903.37

Other Manufacturing Expenses 50.08 65.32 73.52 402.88

0.0030844238 0.0033463132 0.0034247309 0.017329782

Selling and Admin Expenses 1,042.51 1,299.17 1,609.33 1,684.41

0.06 0.07 0.07 0.07
Miscellaneous Expenses 416.54 601.28 682.72 516.9
0.0256546702 0.0308032945 0.0222343237 0.0382168235
Preoperative Exp Capitalised -15.78 -42.52 -112.75 -72.55

Total Expenses 6,545.64 8,613.88 9,615.51 10,694.09

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

12 mths 12 mths 12 mths 12 mths
Operating Profit 3,388.37 4,022.91 4,449.15 4,922.02
0.35 0.33 0.32 0.32
PBDIT 3,591.57 4,299.13 4,965.65 5,348.23
0.37 0.35 0.36 0.34
Interest 21.1 16.04 24.61 47.65
0.0021551438 0.0013186137 0.0017644701 0.003052155
PBDT 3,570.47 4,283.09 4,941.04 5,300.58
0.36 0.35 0.35 0.34
Depreciation 332.34 362.92 438.46 549.41
0.0560486652 0.0554609777 0.0598065012 0.0640673266
Other Written Off 0 0 0 0

Profit Before Tax 3,238.13 3,920.17 4,502.58 4,751.17

0.33 0.32 0.32 0.30
Extra-ordinary items 46.13 61.94 117.41 81.52

PBT (Post Extra-ord Items) 3,284.26 3,982.11 4,619.99 4,832.69

Tax 1,027.57 1,263.07 1,480.97 1,565.13

0.10 0.10 0.11 0.10
Reported Net Profit 2,235.35 2,699.97 3,120.10 3,263.59
0.23 0.22 0.22 0.21
Total Value Addition 2,279.92 2,806.40 3,307.72 3,829.13
0.23 0.23 0.24 0.25
Preference Dividend 0 0 0 0

Equity Dividend 995.12 1,166.29 1,319.01 1,396.53

0.4409644213 0.4289344769 0.4201980236 0.427392305
Corporate Dividend Tax 139.58 198.21 224.17 237.34
0.0142566337 0.0162944159 0.0160723798 0.0152024863
Per share data (annualised)

Shares in issue (lakhs) 37,551.79 37,622.23 37,686.10 37,744.00

3.84 3.09 2.70 2.42
Earning Per Share (Rs) 5.95 7.18 8.28 8.65
0.0006077301 0.0005902523 0.0005936535 0.0005540638
Equity Dividend (%) 265 310 350 370
0.0270669719 0.0254844302 0.0250940489 0.0236998396
Book Value (Rs) 23.97 27.59 31.85 36.24
 0.0024482842 0.0022681143 0.0022835585 0.0023213032

PAT 2,256.69 2,719.04 3,139.02 3,267.56

Fixed assets 5,929.49 6,543.70 7,331.31 8,575.51
 18153.19 20159.977554 22699.12 25687.38 29084 32770.18

Mar '10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15

12 mths

26,399.63
2.69 2.18 2.29 2.35 2.38 2.38
7,832.18 15296.887286 17685.29 20237.85 23082.76 25683.57
0.80 0.76 0.78 0.79 0.79 0.78
9,798.33

545.05 394.84545061 439.3434 523.9192 571.8852 653.0835

0.0206461227 0.0195856096 0.019355 0.020396 0.019663 0.019929
-447.54 235.68991889 255.5358 210.6122 272.6162 103.9958
-0.024653518 0.0116909812 0.011258 0.008199 0.009373 0.003173
18,664.96

7,140.69 5724.8299907 6542.318 7355.834 8285.032 9266.744

0.27 0.28 0.29 0.29 0.28 0.28
387.34 298.85989242 335.2501 388.6743 444.1116 489.3688
0.0146721753 0.0148244159 0.014769 0.015131 0.01527 0.014933
1,014.87

413.79 172.80863921 219.4859 280.8648 361.6832 375.4484

0.0156740833 0.0085718666 0.009669 0.010934 0.012436 0.011457

2,093.87 1441.4349038 1656.086 1906.996 2154.924 2293.912

0.08 0.07 0.07 0.07 0.07 0.07
1,008.91 625.46707491 728.6257 831.2047 1000.005 1101.623
0.04 0.0310251871 0.032099 0.032358 0.034383 0.03
 -71.88

11,987.59

Mar '10
12 mths
6,132.32 6648.2601353 7411.556 8365.674 9510.721 10793.05
0.34 0.33 0.33 0.33 0.33 0.33
6,677.37 7203.9463906 8068.143 9140.644 10348.25 11746.53
0.37 0.36 0.36 0.36 0.36 0.36
90.28 53.478829235 62.47339 78.063 95.7987 109.5246
0.0049732306 0.0026527227 0.002752 0.003039 0.003294 0.003342
6,587.09 7150.4675613 8005.669 9062.581 10252.45 11637.01
0.36 0.35 0.35 0.35 0.35 0.36
608.71
0.0704194557 0.0611605853 0.062183 0.063527 0.064272 0.064312
0

5,978.38 6489.4628068 7266.664 8212.306 9280.061 10552.9

0.33 0.32 0.32 0.32 0.32 0.32
48.65

6,027.03

1,965.43 2110.7200216 2375.398 2692.287 3040.307 3453.713

0.11 0.10 0.10 0.10 0.10 0.11
4,061.00 4462.3342373 4992.715 5639.678 6361.257 7230.91
0.22 0.22 0.22 0.22 0.22 0.22
4,846.90 4890.8189717 5550.991 6352.853 7251.984 8197.834
0.27 0.24 0.24 0.25 0.25 0.25
0

3,818.18
0.9400679535 0.531511436 0.549621 0.573758 0.60447 0.639886
634.15 390.13253858 462.4009 544.217 645.9244 773.7108
0.0349332542 0.019351834 0.020371 0.021186 0.022209 0.02361

38,181.77 57057.993596 59680.72 65155.57 72808.31 82598.15

2.10 2.83 2.63 2.54 2.50 2.52
10.64 11.821095595 13.21296 14.91048 16.80533 19.09098
0.0005861229 0.0005863645 0.000582 0.00058 0.000578 0.000583
1,000.00 630.73323243 729.3294 859.4859 1021.795 1226.23
0.0550867368 0.0312864055 0.03213 0.033459 0.035133 0.037419
36.69 45.732475786 50.67618 57.16464 64.38518 71.8407
0.0020211324 0.0022684785 0.002233 0.002225 0.002214 0.002192

4,061.60
8,644.06 7,404.81 7,699.88 7,931.11 8,051.08 7,946.19
Net Sales 9,790.50 12164.29 13947.53 15611.92 18153.19

Cash Flow

Mar ' 06 Mar ' 07 Mar ' 08 Mar ' 09 Mar ' 10
Profit before tax 3269.19 3926.7 4571.77 4825.74 6015.31

0.033391338 0.322805523 0.3277834857 0.309106119 0.331363799

Net cashflow-operating act 1929.68 2141.19 2722.96 3279.03 4630.65

0.019709652 0.176022604 0.1952288326 0.210033743 0.255087398

Net cash used in investing a -175.31 -1082.78 -1736.78 -1260.74 -3531.56
-0.001790607 -0.089013 -0.124522406 -0.080754962 -0.194542116
Netcash used in fin. activit -954.21 -1014.07 -1316.09 -1556.15 -1009.86

-0.009746252 -0.0833645 -0.094360077 -0.099677042 -0.055629892

Net inc/dec in cash and equ 800.16 44.34 -329.91 462.14 89.23

0.008172793 0.003645096 -0.023653651 0.02960174 0.00491539

Cash and equivalnt begin o 55.66 855.82 900.16 570.25 993.7

0.000568508 0.070355113 0.0645390259 0.036526577 0.05473969

Cash and equivalnt end of 855.82 900.16 570.25 1032.39 1082.93
20159.97755 22699.12053 25687.37732 29084.0039 32770.17644

Mar'11 Mar'12 Mar'13 Mar'14 Mar'15

5340.177524 7063.734686 7933.974192 8873.043406 9971.267222

0.264890053 0.311189796 0.30886665 0.305083283 0.304278716

3451.719708 4574.276939 5307.444856 6075.486923 6838.040912

0.171216446 0.201517805 0.206616845 0.208894447 0.208666588

-1978.190121 -2664.682028 -3161.271163 -3570.818964 -4298.800311
-0.098124619 -0.117391422 -0.123067105 -0.122776045 -0.131180261
-1382.078414 -1823.134649 -2047.489353 -2232.999412 -2365.93093

-0.068555553 -0.080317413 -0.079707995 -0.076777579 -0.072197687

164.7633243 82.74046444 -607.6002454 860.9371277 161.0781821

0.008172793 0.003645096 -0.023653651 0.02960174 0.00491539

914.1699674 1232.590344 1312.379997 1407.687609 1663.924875

0.045345783 0.054301238 0.051090463 0.04840075 0.050775585

year GDPsales Sales
2004 690.321 64704.4
2005 809.723 76394.5
2006 908.036 97905.3 slope 154.9203
2007 1,151.65 121642.9 intercept -46023.21
2008 1,260.62 139475.3
2009 1,236.94 156119.2
2010 1,430.02 181531.9
2011 1,598.39 201599.8 y=mx+c
2012 1,762.29 226991.2
2013 1,955.18 256873.8
2014 2,174.43 290840
2015 2,412.37 327701.8