KHAIRPUR SUGAR MILL LIMITED

BALANCE SHEET
ASSETS
NON CURRENT ASSETS
PROPERTY, PLANT & EQUIPMENT
INTANGIBLE ASSETS
LONG TERM DEPOSIT

CURRENT ASSETS
STORES,SPARES & LOOSE TOOLS
STOCK IN TRADE
LOANS &ADVANCES
DEPOSIT,PREPAYMENTS&OTHER RECEIVABLES
CASH AND BANK BALANCES

TOTAL ASSETS

EQUITY & LIABILITIES

EQUITY
ISSUED,SUBSCRIBED & PAID UP CAPITAL
REVENUE RESERVES
SURPLUS ON REVALUATION OF PROPERTY,PLANT&EQUIP

NON CURRENT LIABILITIES

LONG TERM FINANCING
DEFERRED LIABILITIES
FINANCE LEASE LIABILITIES
DEFERRED INCOME

CURRENT LIABILITIES
CURRENT PORTION OF LONG TERM FINANCING
CURRENT PORTION OF FINANCE LEASE
SHORT TERM BORROWINGS
TRADE & OTHER PAYABLES
ACCRUED MARKUP
PROVISION FOR TAXATION

TOTAL EQUITIES &LIABILITIES

INCOME STATEMENT

SALES
COST OF SALES
GROSS PROFIT
EXPENSES
ADMIN EXPENSES
DISTRIBUTION COST
OTHER INCOMES
OTHER OPERATING EXPENSES

OPERATING PROFIT
FINANCE COST
PROFIT/LOSS BEFORE TAX
TAX
PROFIT/LOSS AFTER TAX
OTHER COMPREHENSIVE INCOME FOR THE YEAR
TOTAL COMPREHENSIVE LOSS/INCOME FOR THE YEAR

RATIO CALCULATION
LIQUDITY RATIOS
CURRENT RATIO(TIMES)
QUICK ASSET TEST RATIO(TIMES)
ASSET MANAGEMENT RATIOS
INVENTORY TURNOVER(TIMES)
DAYS SALES OUTSTANDING(DAYS)
TOTAL ASSET TURNOVER(TIMES)
FIXED ASSET TURNOVER(TIMES)
DEBT MANAGEMENT RATIOS
DEBT TO EQUITY RATIO(%)
TIMES INTEREST EARNED(%)
PROFITABILITY RATIO
OPERATING PROFIT MARGIN (%)
NET PROFIT MARGIN(%)
RETURN ON ASSET(%)
RETURN ON COMMON EQUITY
RETURN ON INVESTED CAPITAL
BASIC EARING POWER
MARKET VALUE RATIO
PRICE/EARNING RATIO(TIMES)
MARKET/BOOK VALUE RATIO(TIMES)
 2019 2020 2021
Rupees in thousand

Rs 2,317,193.00 Rs 2,332,102.00 Rs 3,255,511.00

Rs 6,307.00 Rs 6,307.00 Rs 5,992.00
Rs 3,979.00 Rs 3,979.00 Rs 3,232.00
Rs 2,327,479.00 Rs 2,342,388.00 Rs 3,264,735.00

Rs 139,596.00 Rs 165,071.00 Rs 144,468.00

Rs 854,265.00 Rs 426,209.00 Rs 940,159.00
Rs 352,219.00 Rs 453,609.00 Rs 532,909.00
Rs 219,227.00 Rs 226,415.00 Rs 231,244.00
Rs 80,503.00 Rs 50,373.00 Rs 92,724.00
Rs 1,645,810.00 Rs 1,321,677.00 Rs 1,941,504.00
Rs 3,973,289.00 Rs 3,664,065.00 Rs 5,206,239.00

Rs 160,175.00 Rs 160,175.00 Rs 160,175.00

Rs 148,329.00 Rs 140,698.00 Rs 153,776.00
Rs 682,383.00 Rs 656,590.00 Rs 1,249,129.00
Rs 990,887.00 Rs 957,463.00 Rs 1,563,080.00

Rs 674,177.00 Rs 824,593.00 Rs 949,127.00

Rs 128,890.00 Rs 59,468.00 Rs 274,525.00
Rs 7,452.00 Rs 7,978.00 Rs 1,420.00
- Rs 9,932.00 Rs 9,707.00
Rs 810,519.00 Rs 901,971.00 Rs 1,234,779.00

- Rs 39,375.00 Rs 69,532.00
Rs 4,963.00 Rs 13,333.00 Rs 6,558.00
Rs 1,345,324.00 Rs 1,248,043.00 Rs 1,729,323.00
Rs 751,210.00 Rs 433,690.00 Rs 551,634.00
Rs 48,106.00 Rs 11,899.00 Rs 36,869.00
Rs 22,280.00 Rs 58,291.00 Rs 14,464.00
Rs 2,171,883.00 Rs 1,804,631.00 Rs 2,408,380.00
Rs 3,973,289.00 Rs 3,664,065.00 Rs 5,206,239.00

2019 2020 2021

Rupees in thousand
Rs 4,252,277 Rs 4,290,858 Rs 4,589,427
Rs 3,856,845 Rs 3,781,737 Rs 3,890,843
Rs 395,432 Rs 509,121 Rs 698,584

Rs 192,991 Rs 179,017 Rs 202,787

Rs 26,249 Rs 15,084 Rs 14,555
Rs 20,364 Rs 27,025 Rs 2,799
Rs 1,892 Rs 286 Rs 12,202
Rs 200,768 Rs 167,362 Rs 226,745
Rs 194,664 Rs 341,759 Rs 471,839
Rs 279,787 Rs 336,401 Rs 293,100
Rs 85,123 Rs 5,358 Rs 178,739
Rs 21,120 Rs 39,330 Rs 96,202
Rs 64,003 Rs 33,972 Rs 82,537
- Rs 548 -
Rs 64,003 Rs 33,424 Rs 82,537

2019 2020 2021

0.75 0.73 0.8

0.30 0.40 0.36
 8 13 7
0 0 0
1.08 1.18 0.89
1.83 1.84 1.41

3.01 2.83 2.34

0.70 1.02 1.61

0.05 0.08 0.10

-0.02 -0.01 0.02
-0.02 -0.01 0.02
-0.40 -0.21 0.52
0.25 2.98 0.46
0.05 0.09 0.09

2.25 25.00 9.58

0.15 0.89 0.51
 VERTICAL ANALYSIS
2019 2020 2021

58.32% 63.65% 62.53%

0.16% 0.17% 0.12%
0.10% 0.11% 0.06%
58.58% 63.93% 62.71%

3.51% 4.51% 2.77%

21.50% 11.63% 18.06%
8.86% 12.38% 10.24%
5.52% 6.18% 4.44%
2.03% 1.37% 1.78%
41.42% 36.07% 37.29%
100.00% 100.00% 100.00%

4.03% 4.37% 3.08%

3.73% 3.84% 2.95%
17.17% 17.92% 23.99%
24.94% 26.13% 30.02%

16.97% 22.50% 18.23%

3.24% 1.62% 5.27%
0.19% 0.22% 0.03%
0.00% 0.27% 0.19%
20.40% 24.62% 23.72%

0.00% 1.07% 1.34%

0.12% 0.36% 0.13%
 33.86% 34.06% 33.22%
18.91% 11.84% 10.60%
1.21% 0.32% 0.71%
0.56% 1.59% 0.28%
54.66% 49.25% 46.26%
100.00% 100.00% 100.00%

VERTICAL ANALYSIS
2019 2020 2021

100.00% 100.00% 100.00%

-90.70% -88.13% -84.78%
9.30% 11.87% 15.22%

-4.54% -4.17% -4.42%

-0.62% -0.35% -0.32%
0.48% 0.63% 0.06%
-0.04% -0.01% -0.27%
-4.72% -3.90% -4.94%
4.58% 7.96% 10.28%
-6.58% -7.84% -6.39%
-2.00% 0.12% 3.89%
0.50% -0.92% -2.10%
-1.51% -0.79% 1.80%
0.00% 0.01% 0.00%
-1.51% -0.78% 1.80%

TAX RATE CALCULATION

Rs 85,123 100%
Rs 21,120 ?
 Rs 21,120
-24.81%

Rs 5,358 100%
Rs 39,330 ?

Rs 39,330
-734.04%

Rs 178,739 100%
Rs 96,202 ?

Rs 96,202
-53.82%
 HORIZONTAL ANALYSIS
2020-2019 2020-2019%

Rs 14,909.00 0.64%
Rs 0.00 0.00%
Rs 0.00 0.00%
Rs 14,909.00 0.64%

Rs 25,475.00 18.25%
Rs 428,056.00 -50.11%
Rs 101,390.00 28.79%
Rs 7,188.00 3.28%
Rs 30,130.00 -37.43%
Rs 324,133.00 -19.69%
Rs 309,224.00 -7.78%

Rs 0.00 0.00%
Rs 7,631.00 -5.14%
Rs 25,793.00 -3.78%
Rs 33,424.00 -3.37%

Rs 150,416.00 22.31%
Rs 69,422.00 -53.86%
Rs 526.00 7.06%
Rs 0.00
Rs 91,452.00 11.28%

Rs 0.00 0.00%
Rs 8,370.00 168.65%
 Rs 97,281.00 -7.23%
Rs 317,520.00 -42.27%
Rs 36,207.00 -75.27%
Rs 36,011.00 161.63%
Rs 367,252.00 -16.91%
Rs 309,224.00 -7.78%

HORIZONTAL ANALYSIS
2020-2019 2020-2019%

Rs 38,581.00 0.91%
Rs 75,108.00 -1.95%
Rs 113,689.00 28.75%

Rs 13,974.00 -7.24%
Rs 11,165.00 -42.53%
Rs 6,661.00 32.71%
Rs 1,606.00 -84.88%
Rs 33,406.00 -16.64%
Rs 147,095.00 75.56%
Rs 56,614.00 20.23%
Rs 90,481.00 -106.29%
Rs 60,450.00 -286.22%
Rs 30,031.00 -46.92%
Rs 0.00 0.00%
Rs 30,579.00 -47.78%

EARNING PER SHARE 4

MARKET PRICE PER SHARE 9
BOOK VALUE PER SHARE 61.86
NO OF SHARE 16017.50
NTAL ANALYSIS
2021-2020 2021-2020%

Rs 923,409.00 39.60%
Rs 315.00 -4.99%
Rs 747.00 -18.77%
Rs 922,347.00 39.38%

Rs 20,603.00 -12.48%
Rs 513,950.00 120.59%
Rs 79,300.00 17.48%
Rs 4,829.00 2.13%
Rs 42,351.00 84.07%
Rs 619,827.00 46.90%
Rs 1,542,174.00 42.09%

Rs 0.00 0.00%
Rs 13,078.00 9.30%
Rs 592,539.00 90.24%
Rs 605,617.00 63.25%

Rs 124,534.00 15.10%
Rs 215,057.00 361.63%
Rs 6,558.00 -82.20%
Rs 225.00 -2.27%
Rs 332,808.00 36.90%

Rs 30,157.00 76.59%
Rs 6,775.00 -50.81%
 Rs 481,280.00 38.56%
Rs 117,944.00 27.20%
Rs 24,970.00 209.85%
Rs 43,827.00 -75.19%
Rs 603,749.00 33.46%
Rs 1,542,174.00 42.09%

NTAL ANALYSIS
2021-2020 2021-2020%

Rs 298,569.00 6.96%
Rs 109,106.00 2.89%
Rs 189,463.00 37.21%

Rs 23,770.00 13.28%
Rs 529.00 -3.51%
Rs 24,226.00 -89.64%
Rs 11,916.00 4166.43%
Rs 59,383.00 35.48%
Rs 130,080.00 38.06%
Rs 43,301.00 -12.87%
Rs 173,381.00 3235.93%
Rs 56,872.00 144.60%
Rs 116,509.00 -342.96%
Rs 0.00 0.00%
Rs 115,961.00 -346.94%

2.12 5.15
53 49.34
59.78 97.59
16017.50 16017.50
JAUHARABAD SUGAR MILLS LIMITED
BALANCE SHEET
ASSETS
NON CURRENT ASSETS
PROPERTY, PLANT & EQUIPMENT
INTANGIBLE ASSETS
LONG TERM DEPOSIT

CURRENT ASSETS
STORES,SPARES & LOOSE TOOLS
STOCK IN TRADE
LOANS &ADVANCES
TRADE DEBTS
TRADE DEPOSIT
OTHER RECEIVABLES
TAX REFUNDS DUE FROM GOVT
SHORT TERM INVESTMENTS
CASH AND BANK BALANCES

TOTAL ASSETS

EQUITY & LIABILITIES

EQUITY
SHARE CAPITAL
CAPITAL RESERVES
LOAN FROM SPONSORS
REVENUE RESERVE
SURPLUS ON REVALUATION OF PROPERTY,PLANT&EQUIP

NON CURRENT LIABILITIES

LONG TERM LOANS FROM BANKING COMPANIES-SECURED
DEFERRED TAXATION
CURRENT LIABILITIES
TRADE & OTHER PAYABLES
UNCLAIMED DIVIDEND
ACCRUED MARKUP
SHORT TERM BORROWINGS
CURRENT PORTION OF LONG TERM LOANS
CURRENT PORTION OF LEASE-SECURED
PROVISION FOR TAXATION

TOTAL EQUITIES &LIABILITIES

INCOME STATEMENT
SALES
COST OF SALES
GROSS PROFIT
EXPENSES
ADMIN EXPENSES
DISTRIBUTION COST
TOTAL EXPENSES
OPERATING PROFIT
FINANCE COST
OTHER INCOME
OTHER EXPENSES
PROFIT/LOSS BEFORE TAX
TAX
NET PROFIT FOR THE YEAR

RATIO CALCULATION
LIQUDITY RATIOS
CURRENT RATIO(TIMES)
QUICK ASSET TEST RATIO(TIMES)
ASSET MANAGEMENT RATIOS
INVENTORY TURNOVER(TIMES)
DAYS SALES OUTSTANDING(DAYS)
TOTAL ASSET TURNOVER(TIMES)
FIXED ASSET TURNOVER(TIMES)
DEBT MANAGEMENT RATIOS
DEBT TO EQUITY RATIO(%)
TIMES INTEREST EARNED(%)
PROFITABILITY RATIO
OPERATING PROFIT MARGIN (%)
NET PROFIT MARGIN(%)
RETURN ON ASSET(%)
RETURN ON COMMON EQUITY
RETURN ON INVESTED CAPITAL
BASIC EARING POWER
MARKET VALUE RATIO
PRICE/EARNING RATIO(TIMES)
MARKET/BOOK VALUE RATIO(TIMES)
 2019 2020

Rs 3,273,754,214 Rs 5,125,094,780
Rs 258,751 Rs 173,363
Rs 2,386,800 Rs 2,786,800
Rs 3,276,399,765 Rs 5,128,054,943

Rs 77,788,357 Rs 91,673,389
Rs 390,002,409 Rs 193,621,434
Rs 124,834,849 Rs 69,597,556
Rs 270,266,327 Rs 1,345,521
Rs 2,025,234 Rs 3,102,985
Rs 32,735,917 Rs 31,340,756
Rs 128,183,170 Rs 116,665,800
- Rs 17,128,849
Rs 58,854,832 Rs 223,833,689
Rs 1,084,691,095 Rs 748,309,979
Rs 4,361,090,860 Rs 5,876,364,922

Rs 341,284,530 Rs 341,284,530
Rs 372,402,633 Rs 372,402,633
Rs 610,677,150 Rs 611,827,898
Rs 274,136,437 Rs 481,288,027
Rs 1,301,433,384 Rs 2,889,479,376
Rs 2,899,934,134 Rs 4,696,282,464

Rs 119,376,765 Rs 147,932,831
Rs 260,980,126 Rs 354,304,212
 Rs 380,356,891 Rs 502,237,043

Rs 500,525,678 Rs 345,925,065
Rs 1,122,395 Rs 1,156,796
Rs 19,243,202 Rs 3,054,333
Rs 408,925,231 Rs 198,320,645
Rs 108,395,839 Rs 74,183,077
Rs 135,805 -
Rs 42,451,685 Rs 55,205,499
Rs 1,080,799,835 Rs 677,845,415
Rs 4,361,090,860 Rs 5,876,364,922

2019 2020
Rs 3,441,483,202 Rs 3,502,836,509
Rs 2,787,754,072 Rs 2,898,771,289
Rs 653,729,130 Rs 604,065,220

Rs 139,924,332 Rs 14,140,541
Rs 45,827,743 Rs 157,059,000
Rs 185,752,075 Rs 171,199,541
Rs 467,977,055 Rs 432,865,679
Rs 205,679,057 Rs 231,178,175
Rs 10,556,847 Rs 7,911,244
Rs 15,585,734 Rs 13,207,530
Rs 257,269,111 Rs 196,391,218
Rs 74,551,998 Rs 16,937,529
Rs 182,717,113 Rs 213,328,747

2019 2020
 1.00 1.00
0.57 0.68

12.00 20.00
29.00 1.00
0.79 0.60
1.06 0.69

0.51 0.26
2.28 1.87

0.14 0.12
-0.89 -0.92
0.04 0.04
0.54 0.63
0.21 0.08
0.11 0.07

3.94 3.65
0.25 0.17
 VERTICAL ANALYSIS
2021 2019 2020

Rs 5,122,358,505 75.07% 87.22%

Rs 116,153 0.01% 0.00%
Rs 2,800,300 0.05% 0.05%
Rs 5,125,274,958 75.13% 87.27%

Rs 95,464,679 1.78% 1.56%

Rs 93,460,919 8.94% 3.29%
Rs 214,563,613 2.86% 1.18%
Rs 573,125 6.20% 0.02%
Rs 8,697,401 0.05% 0.05%
Rs 22,220,756 0.75% 0.53%
Rs 86,147,455 2.94% 1.99%
Rs 17,686,738 0.00% 0.29%
Rs 68,442,035 1.35% 3.81%
Rs 607,256,721 24.87% 12.73%
Rs 5,732,531,679 100.00% 100.00%

Rs 341,284,530 7.83% 5.81%

Rs 372,402,633 8.54% 6.34%
Rs 610,096,898 14.00% 10.41%
Rs 594,462,438 6.29% 8.19%
Rs 2,843,927,584 29.84% 49.17%
Rs 4,762,174,083 66.50% 79.92%

Rs 20,747,754 2.74% 2.52%

Rs 365,211,617 5.98% 6.03%
 Rs 385,959,371 8.72% 8.55%

Rs 232,536,031 11.48% 5.89%

Rs 1,509,621 0.03% 0.02%
Rs 3,680,582 0.44% 0.05%
Rs 190,166,362 9.38% 3.37%
Rs 94,886,345 2.49% 1.26%
- 0.00% 0.00%
Rs 61,619,284 0.97% 0.94%
Rs 584,398,225 24.78% 11.54%
Rs 5,732,531,679 100.00% 100.00%

VERTICAL ANALYSIS
2021 2019 2020
Rs 4,924,089,175 100.00% 100.00%
Rs 4,345,577,879 -81.00% -82.75%
Rs 578,511,296 19.00% 17.25%

Rs 15,441,560 4.07% 0.40%

Rs 175,750,510 1.33% 4.48%
Rs 191,192,070 -5.40% -4.89%
Rs 387,319,226 13.60% 12.36%
Rs 219,555,138 -5.98% -6.60%
Rs 12,379,767 0.31% 0.23%
Rs 11,854,666 -0.45% -0.38%
Rs 168,289,189 7.48% 5.61%
Rs 66,538,117 -2.17% 0.48%
Rs 101,751,072 5.31% 6.09%

2021 TAX CALCULATION

Rs 257,269,111 100.00%
 1.00 Rs 74,551,998 ?
0.72
Rs 74,551,998.00
46.00 -28.98%
1.00
0.86 Rs 196,391,218 100%
0.97 Rs 16,937,529 ?

0.21 Rs 16,937,529
1.76 8.62%

0.08 Rs 168,289,189 100%

-0.46 Rs 66,538,117 ?
0.02
0.30 Rs 66,538,117
0.11 -39.54%
0.07

7.58
0.16
ANALYSIS HORIZONTAL ANALYSIS
2021 2020-2019

89.36% Rs 1,851,340,566.00
0.00% Rs 85,388.00
0.05% Rs 400,000.00
89.41% Rs 1,851,655,178.00

1.67% Rs 13,885,032.00
1.63% Rs 196,380,975.00
3.74% Rs 55,237,293.00
0.01% Rs 268,920,806.00
0.15% Rs 1,077,751.00
0.39% Rs 1,395,161.00
1.50% Rs 11,517,370.00
0.31% Rs 0.00
1.19% Rs 164,978,857.00
10.59% Rs 336,381,116.00
100.00% Rs 1,515,274,062.00

5.95% Rs 0.00
6.50% Rs 0.00
10.64% Rs 1,150,748.00
10.37% Rs 207,151,590.00
49.61% Rs 1,588,045,992.00
83.07% Rs 1,796,348,330.00

0.36% Rs 28,556,066.00
6.37% Rs 93,324,086.00
 6.73% Rs 121,880,152.00

4.06% Rs 154,600,613.00
0.03% Rs 34,401.00
0.06% Rs 16,188,869.00
3.32% Rs 210,604,586.00
1.66% Rs 34,212,762.00
0.00% Rs 0.00
1.07% Rs 12,753,814.00
10.19% Rs 402,954,420.00
100.00% Rs 1,515,274,062.00

ANALYSIS HORIZONTAL ANALYSIS

2021 2020-2019
100.00% Rs 61,353,307.00
-88.25% Rs 111,017,217.00
11.75% Rs 49,663,910.00

0.31% Rs 125,783,791.00
3.57% Rs 111,231,257.00
-3.88% Rs 14,552,534.00
7.87% Rs 35,111,376.00
-4.46% Rs 25,499,118.00
0.25% Rs 2,645,603.00
-0.24% Rs 2,378,204.00
3.42% Rs 60,877,893.00
-1.35% Rs 91,489,527.00
2.07% Rs 30,611,634.00

EARNING PER SHARE

MARKET PRICE PER SHARE
BOOK VALUE PER SHARE
NO OF SHARE
HORIZONTAL ANALYSIS
2020-2019% 2021-2020 2021-2020%

56.55% Rs 2,736,275.00 -0.05%

-33.00% Rs 57,210.00 -33.00%
16.76% Rs 13,500.00 0.48%
56.51% Rs 2,779,985.00 -0.05%

17.85% Rs 3,791,290.00 4.14%

-50.35% Rs 100,160,515.00 -51.73%
-44.25% Rs 144,966,057.00 208.29%
-99.50% Rs 772,396.00 -57.40%
53.22% Rs 5,594,416.00 180.29%
-4.26% Rs 9,120,000.00 -29.10%
-8.99% Rs 30,518,345.00 -26.16%
0.00% Rs 557,889.00 3.26%
280.31% Rs 155,391,654.00 -69.42%
-31.01% Rs 141,053,258.00 -18.85%
34.75% Rs 143,833,243.00 -2.45%

0.00% Rs 0.00 0.00%

0.00% Rs 0.00 0.00%
0.19% Rs 1,731,000.00 -0.28%
75.57% Rs 113,174,411.00 23.51%
122.02% Rs 45,551,792.00 -1.58%
61.94% Rs 65,891,619.00 1.40%

23.92% Rs 127,185,077.00 -85.97%

35.76% Rs 10,907,405.00 3.08%
 32.04% Rs 116,277,672.00 -23.15%

-30.89% Rs 113,389,034.00 -32.78%

3.06% Rs 352,825.00 30.50%
-84.13% Rs 626,249.00 20.50%
-51.50% Rs 8,154,283.00 -4.11%
-31.56% Rs 20,703,268.00 27.91%
0.00% Rs 0.00 0.00%
30.04% Rs 6,413,785.00 11.62%
-37.28% Rs 93,447,190.00 -13.79%
34.75% Rs 143,833,243.00 -2.45%

HORIZONTAL ANALYSIS
2020-2019% 2021-2020 2021-2020%
1.78% Rs 1,421,252,666.00 40.57%
3.98% Rs 1,446,806,590.00 49.91%
-7.60% Rs 25,553,924.00 -4.23%

-89.89% Rs 1,301,019.00 9.20%

242.72% Rs 18,691,510.00 11.90%
-7.83% Rs 19,992,529.00 11.68%
-7.50% Rs 45,546,453.00 -10.52%
12.40% Rs 11,623,037.00 -5.03%
-25.06% Rs 4,468,523.00 56.48%
-15.26% Rs 1,352,864.00 -10.24%
-23.66% Rs 28,102,029.00 -14.31%
-122.72% Rs 83,475,646.00 -492.84%
16.75% Rs 111,577,675.00 -52.30%

5.35 6.25 2.98

21.08 22.82 22.6
 84.97 137.61 139.54
34128453 34128453 34128453
MEHRAN SUGAR MILLS LIMITED
BALANCE SHEET
ASSETS
NON CURRENT ASSETS
PROPERTY, PLANT & EQUIPMENT
RIGHT OF USE ASSETS
LONG TERM RECEIVABLE
LONG TERM INVESTMENT
LONG TERM DEPOSIT

CURRENT ASSETS
BIOLOGICAL ASSETS
STORES & SPARE PARTS
STOCK IN TRADE
LOANS &ADVANCES
TRADE DEBTS
TRADE DEPOSIT
OTHER RECEIVABLES
TAXATION
SHORT TERM INVESTMENTS
CASH AND BANK BALANCES

TOTAL ASSETS

EQUITY & LIABILITIES

EQUITY
ISSUED,SUDSCRIBED & PAID UP SHARE CAPITAL
RESERVES

NON CURRENT LIABILITIES

LONG TERM FINANCING
LEASE LIABILITIES
MARKET COMMITTEE FEE PAYABLE
DEFERRED LIABILITIES
DEFERRED INCOME /GOVT GRANT
DEFERRED TAXATION
PROVISION FOR QUALITY PERMIUM

CURRENT LIABILITIES
TRADE & OTHER PAYABLES
CONTRACT LIABILITIES
UNCLAIMED DIVIDEND
ACCRUED MARKUP
SHORT TERM BORROWINGS
CURRENT PORTION OF NON CURRENT LIABILITIES
PROVISION FOR MARKET COMMITTEE FEE
SALES TAX AND FEDERAL EXCISE DUTY PAYABLE

TOTAL EQUITIES &LIABILITIES

INCOME STATEMENT
TURNOVER-GROSS
SALES TAX
TURNOVER-NET
COST OF SALES
GROSS PROFIT
EXPENSES
DISTRIBUTION COST
ADMIN EXPENSES
OTHER EXPENSES
OTHER INCOME
TOTAL EXPENSES
OPERATING PROFIT
SHARE OF PROFIT/LOSS FROM ASSOCIATES
PROVISION FOR IMPAIRMENT ON LONG TERM INVESTMENT
ALLOWANCE FOR EXPECTED CREDIT LOSS ON LONG TERM RECEIVABLES
FINANCE COST
PROFIT/LOSS BEFORE TAX
TAX
NET PROFIT FOR THE YEAR

RATIO CALCULATION
LIQUDITY RATIOS
CURRENT RATIO(TIMES)
QUICK ASSET TEST RATIO(TIMES)
ASSET MANAGEMENT RATIOS
INVENTORY TURNOVER(TIMES)
DAYS SALES OUTSTANDING(DAYS)
TOTAL ASSET TURNOVER(TIMES)
FIXED ASSET TURNOVER(TIMES)
DEBT MANAGEMENT RATIOS
DEBT TO EQUITY RATIO(%)
TIMES INTEREST EARNED(%)
PROFITABILITY RATIO
OPERATING PROFIT MARGIN (%)
NET PROFIT MARGIN(%)
RETURN ON ASSET(%)
RETURN ON COMMON EQUITY
RETURN ON INVESTED CAPITAL
BASIC EARING POWER
MARKET VALUE RATIO
PRICE/EARNING RATIO(TIMES)
MARKET/BOOK VALUE RATIO(TIMES)
2019 2020

Rs 2,224,322,434.00 Rs 2,224,779,619.00
- Rs 80,522,018.00
- -
Rs 1,320,174,823.00 Rs 1,193,248,556.00
Rs 862,400.00 Rs 852,400.00
Rs 3,545,359,657.00 Rs 3,499,402,593.00

Rs 15,245,232.00 Rs 16,621,474.00
Rs 102,423,181.00 Rs 110,342,728.00
Rs 1,060,595,943.00 Rs 60,781,473.00
Rs 116,690,640.00 Rs 46,274,164.00
Rs 79,134,253.00 Rs 18,205,601.00
Rs 9,259,524.00 Rs 4,358,221.00
Rs 317,561,175.00 Rs 278,392,666.00
Rs 40,256,284.00 Rs 39,364,990.00
Rs 995,383,024.00 Rs 1,108,082,670.00
Rs 673,182,195.00 Rs 10,269,325.00
Rs 3,409,731,451.00 Rs 1,692,693,312.00
Rs 6,955,091,108.00 Rs 5,192,095,905.00

Rs 405,195,240.00 Rs 465,974,520.00
Rs 2,001,167,894.00 Rs 2,132,713,065.00
Rs 2,406,363,134.00 Rs 2,598,687,585.00

Rs 735,830,843.00 Rs 1,125,818,640.00
Rs 20,591,783.00 Rs 29,257,534.00
 Rs 23,382,350.00 Rs 28,676,760.00
Rs 4,762,469.00 Rs 4,445,294.00
- Rs 3,614,418.00
Rs 199,581,276.00 Rs 170,970,925.00
Rs 119,290,919.00 Rs 119,290,919.00
Rs 1,103,439,640.00 Rs 1,482,074,490.00

Rs 677,132,071.00 Rs 454,504,895.00
Rs 415,587,300.00 Rs 36,489,970.00
Rs 17,692,483.00 Rs 18,648,988.00
Rs 125,500,017.00 Rs 20,338,515.00
Rs 1,750,705,674.00 Rs 297,981,575.00
Rs 329,364,394.00 Rs 131,992,840.00
Rs 37,423,627.00 Rs 43,967,017.00
Rs 91,882,768.00 Rs 107,410,030.00
Rs 3,445,288,334.00 Rs 1,111,333,830.00
Rs 6,955,091,108.00 Rs 5,192,095,905.00

2019 2020
Rs 5,931,544,867.00 Rs 7,416,618,258.00
Rs 619,771,722.00 Rs 991,942,663.00
Rs 5,311,773,145.00 Rs 6,424,675,595.00
Rs 4,491,460,810.00 Rs 5,960,056,278.00
Rs 820,312,335.00 Rs 464,619,317.00

Rs 59,559,302.00 Rs 47,076,915.00
Rs 255,737,193.00 Rs 219,210,011.00
Rs 12,711,943.00 Rs 6,106,252.00
Rs 79,021,066.00 Rs 235,533,192.00
Rs 248,987,372.00 Rs 36,859,986.00
Rs 571,324,963.00 Rs 427,759,331.00
 Rs 324,890,323.00 Rs 76,920,116.00
- -
- -
Rs 384,774,303.00 Rs 342,318,880.00
Rs 511,440,983.00 Rs 162,360,567.00
Rs 108,312,841.00 Rs 115,619,362.00
Rs 403,128,142.00 Rs 46,741,205.00

2019 2020

0.98 1.52
0.65 1.37

8.00 70.00
6.00 2.00
0.77 1.24
1.50 1.84

1.89 2.89
1.48 1.25

0.11 0.07
0.08 0.01
0.06 0.01
0.99 0.10
0.29 0.28
0.08 0.08

9.46 58.21
1.38 1.05
 VERTICAL ANALYSIS
2021 2019

Rs 2,372,810,929.00 31.98%
Rs 51,579,492.00 0.00%
Rs 204,660,877.00 0.00%
Rs 1,051,768,517.00 18.98%
Rs 852,400.00 Rs 0.00
Rs 3,681,672,215.00 50.98%

Rs 23,767,355.00 0.22%
Rs 110,502,305.00 1.47%
Rs 561,564,239.00 15.25%
Rs 54,975,038.00 1.68%
Rs 69,668,130.00 1.14%
Rs 6,480,747.00 0.13%
Rs 990,764.00 4.57%
Rs 55,222,389.00 0.58%
Rs 1,317,093,191.00 14.31%
Rs 10,926,980.00 9.68%
Rs 2,211,191,138.00 49.02%
Rs 5,892,863,353.00 100.00%

Rs 489,273,246.00 5.83%
Rs 2,006,437,674.00 28.77%
Rs 2,495,710,920.00 34.60%

Rs 922,593,072.00 10.58%
Rs 30,602,944.00 0.30%
 Rs 51,182,345.00 0.34%
Rs 4,301,305.00 0.07%
Rs 70,762,929.00 0.00%
Rs 79,579,039.00 2.87%
Rs 119,290,919.00 1.72%
Rs 1,278,312,553.00 15.87%

Rs 471,657,638.00 9.74%
Rs 34,592,406.00 5.98%
Rs 19,331,423.00 0.25%
Rs 50,683,240.00 1.80%
Rs 1,063,921,237.00 25.17%
Rs 394,933,910.00 4.74%
Rs 6,822,533.00 0.54%
Rs 76,897,493.00 1.32%
Rs 2,118,839,880.00 49.54%
Rs 5,892,863,353.00 100.00%

VERTICAL ANALYSIS
2021 2019
Rs 6,974,385,062.00 111.67%
Rs 910,846,723.00 -11.67%
Rs 6,063,538,339.00 100.00%
Rs 5,426,675,320.00 -84.56%
Rs 636,863,019.00 15.44%

Rs 45,205,970.00 -1.12%
Rs 262,331,081.00 -4.81%
Rs 180,898,851.00 -0.24%
Rs 233,865,256.00 1.49%
Rs 254,570,646.00 -4.69%
Rs 382,292,373.00 10.76%
 Rs 61,598,367.00 6.12%
Rs 79,832,819.00 0.00%
Rs 72,915,974.00 0.00%
Rs 264,551,531.00 -7.24%
Rs 26,590,416.00 9.63%
Rs 41,703,171.00 -2.04%
Rs 15,112,755.00 7.59%

TAX CALCULATION
2021 Rs 511,440,983.00
Rs 108,312,841.00
1.04
0.73 Rs 108,312,841.00
-21.18%
16.00
5.00 Rs 162,360,567.00
1.03 Rs 115,619,362.00
1.65
Rs 115,619,362.00
3.89 -71.21%
1.45
Rs 26,590,416.00
0.06 Rs 41,703,171.00
0.00
0.00 Rs 41,703,171.00
-0.03 -156.84%
0.39
0.06

45.92
0.86
VERTICAL ANALYSIS
2020 2021

42.85% 40.27%
1.55% 0.88%
0.00% 3.47%
22.98% 17.85%
Rs 0.00 Rs 0.00
67.40% 62.48%

0.32% 0.40%
2.13% 1.88%
1.17% 9.53%
0.89% 0.93%
0.35% 1.18%
0.08% 0.11%
5.36% 0.02%
0.76% 0.94%
21.34% 22.35%
0.20% 0.19%
32.60% 37.52%
100.00% 100.00%

8.97% 8.30%
41.08% 34.05%
50.05% 42.35%

21.68% 15.66%
0.56% 0.52%
 0.55% 0.87%
0.09% 0.07%
0.07% 1.20%
3.29% 1.35%
2.30% 2.02%
28.54% 21.69%

8.75% 8.00%
0.70% 0.59%
0.36% 0.33%
0.39% 0.86%
5.74% 18.05%
2.54% 6.70%
0.85% 0.12%
2.07% 1.30%
21.40% 35.96%
100.00% 100.00%

VERTICAL ANALYSIS
2020 2021
115.44% 115.02%
-15.44% -15.02%
100.00% 100.00%
-92.77% -89.50%
7.23% 10.50%

-0.73% -0.75%
-3.41% -4.33%
-0.10% -2.98%
3.67% 3.86%
-0.57% -4.20%
6.66% 6.30%
 1.20% 1.02%
0.00% -1.32%
0.00% -1.20%
-5.33% -4.36%
2.53% 0.44%
-1.80% -0.69%
0.73% -0.25%

TAX CALCULATION
100.00%
?

100.00%
?

100.00%
?
 HORIZONTAL ANALYSIS
2020-2019 2020-2019%

Rs 457,185.00 0.02%
Rs 0.00 0.00%
Rs 0.00 0.00%
Rs 126,926,267.00 -9.61%
Rs 10,000.00 -1.16%
Rs 45,957,064.00 -1.30%

Rs 1,376,242.00 9.03%
Rs 7,919,547.00 7.73%
Rs 999,814,470.00 -94.27%
Rs 70,416,476.00 -60.34%
Rs 60,928,652.00 -76.99%
Rs 4,901,303.00 -52.93%
Rs 39,168,509.00 -12.33%
Rs 891,294.00 -2.21%
Rs 112,699,646.00 11.32%
Rs 662,912,870.00 -98.47%
Rs 1,717,038,139.00 -50.36%
Rs 1,762,995,203.00 -25.35%

Rs 60,779,280.00 15.00%
Rs 131,545,171.00 6.57%
Rs 192,324,451.00 7.99%

Rs 389,987,797.00 53.00%
Rs 8,665,751.00 42.08%
 Rs 5,294,410.00 22.64%
Rs 317,175.00 -6.66%
Rs 0.00 0.00%
Rs 28,610,351.00 -14.34%
Rs 0.00 0.00%
Rs 378,634,850.00 34.31%

Rs 222,627,176.00 -32.88%
Rs 379,097,330.00 -91.22%
Rs 956,505.00 5.41%
Rs 105,161,502.00 -83.79%
Rs 1,452,724,099.00 -82.98%
Rs 197,371,554.00 -59.92%
Rs 6,543,390.00 17.48%
Rs 15,527,262.00 16.90%
Rs 2,333,954,504.00 -67.74%
Rs 1,762,995,203.00 -25.35%

Rs 1,485,073,391.00 25.04%
Rs 372,170,941.00 60.05%
Rs 1,112,902,450.00 20.95%
Rs 1,468,595,468.00 32.70%
Rs 355,693,018.00 -43.36%

Rs 12,482,387.00 -20.96%
Rs 36,527,182.00 -14.28%
Rs 6,605,691.00 -51.96%
Rs 156,512,126.00 198.06%
Rs 212,127,386.00 -85.20%
Rs 143,565,632.00 -25.13%
 Rs 247,970,207.00 -76.32%
Rs 0.00 0.00%
Rs 0.00 0.00%
Rs 42,455,423.00 -11.03%
Rs 349,080,416.00 -68.25%
Rs 7,306,521.00 6.75%
Rs 356,386,937.00 -88.41%

EARNING PER SHARE 8.66

MARKET PRICE PER SHARE 81.90
BOOK VALUE PER SHARE 59.39
NO OF SHARE 40519524
AL ANALYSIS
2021-2020 2021-2020%

Rs 148,031,310.00 6.65%
Rs 28,942,526.00 -35.94%
Rs 0.00 0.00%
Rs 141,480,039.00 -11.86%
Rs 0.00 0.00%
Rs 182,269,622.00 5.21%

Rs 7,145,881.00 42.99%
Rs 159,577.00 0.14%
Rs 500,782,766.00 823.91%
Rs 8,700,874.00 18.80%
Rs 51,462,529.00 282.67%
Rs 2,122,526.00 48.70%
Rs 277,401,902.00 -99.64%
Rs 15,857,399.00 40.28%
Rs 209,010,521.00 18.86%
Rs 657,655.00 6.40%
Rs 518,497,826.00 30.63%
Rs 700,767,448.00 13.50%

Rs 23,298,726.00 5.00%
Rs 126,275,391.00 -5.92%
Rs 102,976,665.00 -3.96%

Rs 203,225,568.00 -18.05%
Rs 1,345,410.00 4.60%
 Rs 22,505,585.00 78.48%
Rs 143,989.00 -3.24%
Rs 67,148,511.00 1857.80%
Rs 91,391,886.00 -53.45%
Rs 0.00 0.00%
Rs 203,761,937.00 -13.75%

Rs 17,152,743.00 3.77%
Rs 1,897,564.00 -5.20%
Rs 682,435.00 3.66%
Rs 30,344,725.00 149.20%
Rs 765,939,662.00 257.04%
Rs 262,941,070.00 199.21%
Rs 37,144,484.00 -84.48%
Rs 30,512,537.00 -28.41%
Rs 1,007,506,050.00 90.66%
Rs 700,767,448.00 13.50%

Rs 442,233,196.00 -5.96%
Rs 81,095,940.00 -8.18%
Rs 361,137,256.00 -5.62%
Rs 533,380,958.00 -8.95%
Rs 172,243,702.00 37.07%

Rs 1,870,945.00 -3.97%
Rs 43,121,070.00 19.67%
Rs 174,792,599.00 2862.52%
Rs 1,667,936.00 -0.71%
Rs 217,710,660.00 590.64%
Rs 45,466,958.00 -10.63%
 Rs 15,321,749.00 -19.92%
Rs 0.00 0.00%
Rs 0.00 0.00%
Rs 77,767,349.00 -22.72%
Rs 135,770,151.00 -83.62%
Rs 73,916,191.00 -63.93%
Rs 61,853,960.00 -132.33%

1.01 0.96
58.79 44.08
55.77 51.01
46597452 Rs 48,927,324.60