National Aluminium Company Ltd Balance Sheet 31/3/2020

Assets
Non-current assets
Property, plant and equipment 7174.54
Capital work-in-progress 1177.16
Intangible assets 310.23
Intangible assets under development 249.54
Financial assets
Investments 277.25
Trade receivables
Loans 73.02
Other financial assets 10.48
Other non-current assets 719.60
9991.82
Current assets
Inventories 1696.9
Financial assets
Investments 55.01
Trade receivables 140.09
Cash and cash equivalents 18.47
Bank balances other than (iii) above 1962.06
Loans 40.16
Other financial assets 0.05
Current tax assets (Net) 46.22
Other current assets 598.84
4557.8
14549.62
Equity and liabilities
Equity
Equity share capital 932.81
Other equity 9055.26
9988.07

Liabilities
Non-current liabilities
Financial liabilities
Trade payables
Dues of micro and small enterprises —
Dues of creditors other than micro and small enterprises 22.69
Other financial liabilities 58.53
Provisions 628.8
Deferred tax liabilities (Net) 1060.61
Other non-current liabilities 70.9
 1,841.53
Current liabilities
Financial liabilities
Borrowings 12.31
Trade payables
Dues of micro and small enterprises 7.06
Dues of creditors other than micro and small enterprises 765.87
Other financial liabilities 416.02
Provisions 178.44
Other current liabilities 1,340.32
Total current liabilities 2,720.02
4561.55
14549.62

Ratios 2020
Liquidity Ratio
Current Ratio=Current Assets/Current Liabilities 1.68

Quick Ratio=Current Assets-Inventory-Prepaid 1.05

Expense/Current Liabilities-Bank Overdraft

Activity Ratio
Inventory Turnover Holding=Sales/Inventory 4.99

Working Capital Turnover Ratio=Net Sales/Working Capital 4.61

Net Assets Turnover Ratio=Sales/Net Assets 0.85

Days Of Inventory Holding=365/Inventory Turnover Ratio 73.11

Profitability Ratio
Gross Profit Margin=Gross Profit/Sales*100 8.92
 Net Profit Margin=Net Profit/Sales*100 1.63

Return On Equity=Profit After Tax/Net Worth(Equity) 1.38

Return On Total Assets=Earning After Tax/Total Assets 0.95

Return On Net Assets=Earning After Tax/Net Assets 1.38

Leverage Ratio
Debt Ratio=Total Debt/Total Assets 0.31

Debt Equity Ratio=Long term Debt/Equity 0

Coverage Ratio
Interest Coverage=EBIT/Interest 40.41

Fixed Charge Coverage Ratio=EBITDA/(Interest+Loan

Payments/1+T) 1.51

Valuation Ratio
Earning Per Share=Profit After Tax/Number of share
outstanding 0.74

Payout Ratio=Dividend Per Share/Earning Per Share 2.02

31/3/2019 31/3/2018

7109.37 7019.38
843.91 825.83
176.41 120.08
38.8 89.39

175.78 117.61

74.74 74.96
10.37 13.14
1116.88 739.51
9546.26 8999.9

1210.01 1194.08

80.81 592.96
240.52 258.13
171.6 25.35
3324.75 2743.6
25.75 29.29
1.23 152.55
51.26 32.13
494.77 585.81
5600.7 5613.9
15,146.96 14613.8

932.81 966.46
9551.7 9538.35
10484.51 10504.81

15.63
— —
21.14 —
6.7 2.85
530.93 436.09
1130.67 1151.45
67.89 62.04
1,757.33 1668.06

66.79 44.99
961.74
2.22
1283.55
410.86 512.87
165.51 375.88
976.19 545.45
2905.12 2440.93
4662.45 4108.99
15146.96 14613.8

2019 2018

1.93 2.30

1.51 1.81

9.50 7.96

4.27 3.00

1.10 0.91

38.41 45.83

27.97 26.49
15.07 14.12

16.52 12.78

11.44 9.19

16.52 12.78

0.31 0.28

0 0

1152.23 1046.55

1.34 1.86

9.29 6.94

0.62 0.82
Profit And Loss-NALCO Ltd
Particular March'20 March'19 March'18
Income
Revenue from operations 8,471.84 11,499.32 9618.31
Exise duty 0 0 108.86
Net Sales 8471.84 11499.32 9509.45
Other Income 272.58 325.87 299.65
Total Income 8,744.42 11,825.19 9809.1
Expenses
Cost of raw materials consumed 1,702.48 1,919.68 1465.31
Cost of power and fuel consumed 2,964.60 2,927.12 2747.92
Changes in inventories of finished goods and work-in-progress -365.23 -5.08 47.43
Employee benefits expenses 1,994.07 2,072.28 2261.2
Finance costs 5.74 2.38 1.95
Depreciation and amortisation expenses 529.83 476.1 480.4
Other expenses 1,686.69 1,692.79 1590.14
Total expenses 8,518.18 9,085.27 8594.35
Profit/(loss) before exceptional items and tax 226.24 2,739.92 1214.75
Exceptional items 0 0 -824.08
Profit/(loss) before tax 226.24 2,739.92 2038.83
Tax Expense
Current tax 151.4 1,024.65 793.18
Deferred tax -63.39 -17.13 -96.76
Profit/(loss) for the year 138.23 1,732.40 1342.41

Gross Profit=Revenue-COGS 756.07 3,216.02 2519.23

EBITDA=Total income-expenses except int,tax and dep 761.81 3,218.40 2521.18
EBIT=(EBTDA-DA) 231.98 2,742.30 2040.78

Dividend 30% 115% 114%

Face Value 5 5 5
Dividend Per Share 1.5 5.75 5.7
Hindustan Aluminum Corporation Balance sheet
ASSETS
Non-Current Assets
Property , Plant and Equipment (including ROU Assets)
Capital Work-in-progress
Investment Properties
Intangible Assets
Intangible Assets Under Development
Financial Assets
Investment in Subsidiaries
Investment in Associates and Joint Ventures
Other Investments
Loans
Other Financial Assets
Non-Current Tax Assets(Net)
Other Non-Current Assets

CURRENT ASSETS
Inventories
Financial Assets
Other Investments
Trade Receivables
Cash and Cash Equivalents
Bank Balancesother than Cash and Cash Equivalents
Loans
Other Financial Assets
Current Tax Assets(Net)
Other Current Assets

Non-Current Assets or Disposal Groups Classified as Held For Sale

EQUITY AND LIABILITIES

EQUITY
Equity Share Capital
Other Equity

LIABILITIES
NON-CURRENT LIABILITIES
Financial Liabilities
Borrowings
Lease Liabilities
 Trade Payables
(I) Outstanding dues of micro enterprises and small enterprises;
(II) Outstanding dues of creditors other than micro enterprises and small enterprises
Other Financial Liabilities
Provisions
Deffered Tax Liabilities (Net)
Other Non-Current Liabilities

CURRENT LIABILITIES
Financial Liabilities
Borrowings
Lease Liabilities
Trade Payables
(I) Outstanding dues of micro enterprises and small enterprises;
(II) Outstanding dues of creditors other than micro enterprises and small enterprises
Other Financial Liabilities
Provisions
Other Current Liabilities
Contract Liabilities
Current Tax Liabilities (Net)

Liabilities Associated with Disposal Group Classified as Held for Sale

RATIOS
Liquidity Ratio
Current Ratio=Current assets/Current Liabilities

Quick Ratio=Current Assets-Inventory-Prepaid Expense/Current

Liabilities-Bank Overdraft

Activity Ratio
Inventory Turnover Ratio=Sales/Inventory
 Working Capital Turnover Ratio=Net Sales/Working Capital

Net Assets Turnover Ratio=Sales/Net Assets

Days Of Inventory Holding=365/Inventory Turnover Ratio

Profitability Ratio
Gross Profit Margin=Gross Profit/Sales*100

Net Profit Margin=Net Profit/Sales*100

Return On Equity=Profit After Tax/Net Worth(Equity)

Return On Total Assets=Earning After Tax/Total Assets

Return On Net Assets=Earning After Tax/Net Assets

Leverage Ratio
Debt Ratio=Total Debt/Total Assets

Debt Equity Ratio=Long term Debt/Equity

Coverage Ratio
Interest Coverage=EBIT/Interest

Fixed Charge Coverage Ratio=EBITDA/(Interest+Loan Payments/1+T)

Valuation Ratio
Earning Per Share=Profit After Tax/Number of share outstanding
Payout Ratio=Dividend Per Share/Earning Per Share
As at 31/03/2020 As at 31/03/2019 As at 31/03/2018

33,045 33,169 33,999.58

1,209 947 736.25
9 9 9.03
314 345 355.55
73 35 0.48

16,793 16,778 16,596.93

48 28 14.27
2,959 4,916 6,638
14 17 5.88
211 261 311.54
325 282 1,242.79
717 1,178 861.49
55,717 57,965 60,772.26

11,225 11,394 10,738

4,839 3,772 3,775.59

2,093 2,125 1,737.25
3,265 1,515 1,809.45
15 65 11.9
55 58 54.57
982 1,135 1,373.24
1,424 316.55
1,799 1,955 2,064.73
24,273 23,443 21,881.66
68 94 74.99
24,341 23,537 21,956.65
80,058 81,502 82,728.91

222 222 222.89

45,272 48,336 49,228
45,494 48,558 49,450.74

15,660 15,634 17,198.94

241
 2 24.04
149 70 138.91
497 410 404.1
1,975 2,179 1,922.18
628 642 640.31
19,150 18,937 20,328.48

7,384 3,895 3,093

76

17 14 4.66
3,973 5,720 5,519.39
1,491 1,885 2,079.63
928 710 658.31
390 685 778.17
158 126
997 972 816.54
15,414 14,007 12,949.66
0.03
15,414 14,007 12,949.69
34,564 32,944 33,278.17
80,058 81,502 82,728.91

2020 2019 2018

1.58 1.68 1.70

0.85 0.87 0.87

3.59 4.02 3.99

 4.51 4.80 4.75

0.88 0.94 0.87

101.81 90.90 91.56

6.61 7.66 8.98

1.54 2.63 3.36

1.36 2.48 2.90

0.77 1.48 1.74

1.36 2.48 2.90

0.43 0.40 0.40

0.34 0.32 0.35

1.61 2.08 2.34

2.62 3.08 3.19

2.79 5.43 6.44

0.36 0.22 0.19
Profit And Loss-Hindalco
ltd(in crores)
Particular March'20 March'19 March'18
Income
Sales turnover 40242 45749.16 43446.04
Excice duty 0 0 636.89
Net Sales 40242 45749.16 42809.15
Other Income 739 940.03 947.82
Total Income 40981 46689.19 43756.97
Expenditure:
Manufacturing Expense 6994 6936.94 6030.11
Material Consumed 22879 27100.27 24999.73
Personal Expenses 1922 1981.71 1894.65
Selling Expenses 0 0 0
Administrative Expenses 4783 5483.63 4760.59
Expenses Capitalised 0 0 0
Provision Made 0 0 0
Total Expenditure 36578 41502.55 37685.08
Operating Profit 3664 4246.61 5760.96
EBITDA 4403 5186.64 6071.89
Depriciation 1708 1693.16 1617.32
Other Write-off 0 0 0
EBIT 2695 3493.48 4454.57
Interest 1679 1683.04 1900.54
EBT 1016 1810.44 2554.03
Taxes 332 605.01 792.33
Profit And Loss For The Year 684 1205.43 1761.7
Non Recurring Items -188 -2.27 -284.96
Other Adjustments 124 2.27 -40.25
Profit After Tax 620 1205.43 1436.49

Gross Profit=Revenue-COGS 2660 3503.6 3846.14

Face Value 1 1 1
Dividend% 100% 120% 120%
Dividend Per share 1 1.2 1.2
 Current Ratio
3; 2.30

2; 1.93

1; 1.68 2; 1.68 3; 1.70

1; 1.58

Nalco
Hindalco

Working Capital Turnover Ratio

2; 4.80 3; 4.75
1; 4.611; 4.51
2; 4.27

3; 3.00 Nalco
Hindalco

Days of inventory holding ratio

1; 101.81
2; 90.90 3; 91.56

1; 73.11

NALCO
HINDALCO
3; 45.83
2; 38.41
 HINDALCO
3; 45.83
2; 38.41

Gross Profit Margin

2; 27.97
3; 26.49

NALCO
HINDALCO

1; 8.92 3; 8.98
2; 7.66
1; 6.61

Return on Equity

2; 16.52

3; 12.78

NALCO
HINDALCO

2; 2.48 3; 2.90
1; 1.381; 1.36

Return on Net Assets

2; 16.52

3; 12.78

NALCO
HINDALCO
 3; 12.78

NALCO
HINDALCO

2; 2.48 3; 2.90
1; 1.381; 1.36

Debt Equity Ratio

1; 0.34 3; 0.35
2; 0.32

NALCO
HINDALCO

1; 40.41

Fixed Charge Coverage Ratio

3; 3.19
2; 3.08

1; 2.62

3; 1.86
NALCO
1; 1.51 HINDALCO
2; 1.34

1; 2.7

1; 0.74
 1; 2.7

1; 0.74

Payout Ratio

1; 2.02

NALCO
HINDALCO

3; 0.82
2; 0.62

1; 0.36
2; 0.22 3; 0.19
 Quick Ratio
3; 1.81

2; 1.51

1; 1.05
Nalco
1; 0.85 2; 0.87 3; 0.87 Hindalco

Inventory Turnover Ratio

2; 9.50

3; 7.96

1; 4.99 NALCO
HINDALCO
2; 4.02 3; 3.99
1; 3.59

Net Assets Turnover Ratio

2; 1.10

2; 0.94
1; 0.88 3; 0.91
1; 0.85 3; 0.87

NALCO
HINDALCO
 HINDALCO

Net Profit Margin

2; 15.07
3; 14.12

NALCO
HINDALCO

3; 3.36
2; 2.63
1; 1.631; 1.54

Return on Total Assets

2; 11.44

3; 9.19

NALCO
HINDALCO

2; 1.48 3; 1.74
1; 0.951; 0.77

Debt Ratio

1; 0.43
2; 0.40 3; 0.40

1; 0.31 2; 0.31
3; 0.28
NALCO
HINDALCO
 1; 0.43
2; 0.40 3; 0.40

1; 0.31 2; 0.31
3; 0.28
NALCO
HINDALCO

Interest Coverage Ratio

2; 1152.23
3; 1046.55

NALCO
HINDALCO

1; 40.41

Earning per share

2; 9.29

3; 6.94
3; 6.44

2; 5.43
NALCO
HINDALCO

1; 2.79

1; 0.74
 1; 2.79

1; 0.74

Dividend per share

2; 5.75 3; 5.7

NALCO
HINDALCO

1; 1.5
2; 1.2 3; 1.2
1; 1
,