Peer Group

Stock	Current Price Rs	PE TTM Price to Earnings	Market Capitalization in Cr	Dividend yield 1yr %	Net Profit Qtr Cr	Net Profit Annual Growth YoY %	Operating Revenues Qtr Cr	Revenue Growth Qtr YoY	Price to Book Value
CARE Ratings Ltd.	535.95	12.89	1578.97	5.04	13.09	-16.17	45.22	-21.24	2.87
Edelweiss Financial .. Market Leader	123.95	12.62	11560.82	1.13	134.49	24.09	2512.69	3.17	1.33
Indiabulls Ventures .. Market Runner Up	177.60	21.96	10863.73	1.10	122.06	119.69	710.27	106.12	1.94
Crisil Ltd.	1290.60	26.87	9331.04	2.32	66.85	19.27	415.76	-4.65	8.21
ICICI Securities Ltd.	272.70	18.66	8784.81	3.45	113.77	-11.34	386.52	-11.32	8.39
Capital First Ltd.	587.20	14.98	5816.37	0.00	104.60	37.05	1197.10	36.00	2.22
IIFL Finance Ltd.	116.30	3.64	3712.70	4.30	174.28	-21.64	1190.52	3.03	0.85
ICRA Ltd.	3015.10	29.23	2909.93	0.00	20.35	3.36	77.04	-2.07	4.55

All values except ratios in INR(Crores)


Indicator	Jun-2019	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017
Total Revenue Qtr cr	53.0	91.0	73.6	101.0	61.7	102.3	79.5	97.2	67.9
Operating Revenues Qtr Cr	45.2	81.5	64.9	93.6	57.4	94.4	74.8	91.0	61.4
Other Income Qtr Cr	7.7	9.5	8.8	7.4	4.2	7.9	4.7	6.3	6.5
Operating Expenses Qtr Cr	33.8	34.6	31.2	31.4	28.9	36.9	28.5	24.7	22.2
Operating Profit Qtr Cr	11.4	46.9	33.6	62.2	28.6	57.6	46.4	66.3	39.2
Operating Profit Margin Qtr %	25.27%	57.53%	51.85%	66.47%	49.73%	60.96%	61.97%	72.88%	63.87%
Depreciation Qtr Cr	1.7	0.9	0.8	0.7	0.6	0.6	0.8	0.8	0.8
Interest Qtr Cr	0.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Before Tax Qtr Cr	17.3	55.5	41.6	68.9	32.2	64.9	50.2	71.8	44.9
Tax Qtr Cr	4.2	20.8	13.2	22.5	6.6	25.0	12.9	23.4	9.4
Net Profit Qtr Cr	13.1	34.6	28.4	46.4	25.5	39.9	37.3	48.3	35.5
Basic EPS Qtr Rs	4.4	11.8	9.6	15.8	8.7	13.6	12.7	16.4	12.1
Net profit TTM Cr	122.5	135.0	140.3	149.1	151.1	161.0	159.6	167.4	162.3
Basic EPS TTM Rs	41.6	45.8	47.6	50.6	51.3	54.7	54.2	56.8	55.1

Quarterly Operating Revenues Qtr Cr Analysis

Operating Revenues Qtr Cr growth is lower than historical averages.

Quarterly Net Profit Qtr Cr Analysis

Net Profit Qtr Cr growth is lower than historical averages.


Indicator	Jun-2019	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017
Total Revenue Qtr cr	57.7	99.0	81.7	104.1	64.6	107.3	82.1	99.2	69.5
Operating Revenues Qtr Cr	49.9	89.4	72.9	96.7	60.0	99.4	77.4	92.9	63.0
Other Income Qtr Cr	7.8	9.6	8.8	7.4	4.6	7.9	4.7	6.3	6.5
Operating Expenses Qtr Cr	37.8	40.3	36.6	35.4	32.0	39.7	30.9	27.0	24.4
Operating Profit Qtr Cr	12.1	49.1	36.3	61.2	28.0	59.8	46.5	65.9	38.6
Operating Profit Margin Qtr %	24.26%	54.96%	49.74%	63.34%	46.72%	60.1%	60.12%	70.95%	61.25%
Depreciation Qtr Cr	1.8	0.9	0.9	0.8	0.7	0.6	0.8	0.8	0.8
Interest Qtr Cr	0.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Before Tax Qtr Cr	17.8	57.8	44.1	67.9	31.9	67.0	50.4	71.4	44.3
Tax Qtr Cr	4.4	21.1	13.3	22.4	6.8	25.0	28.0	23.4	9.4
Net Profit Qtr Cr	13.5	36.7	30.7	45.5	25.2	42.0	22.5	48.0	34.9
Basic EPS Qtr Rs	4.5	12.4	10.5	15.4	8.5	14.3	0.0	16.3	11.8
Net profit TTM Cr	126.4	138.1	143.4	135.1	137.6	147.3
Basic EPS TTM Rs	42.9	46.9	48.7	45.9	46.7	50.0	35.7	28.1	11.8

Quarterly Operating Revenues Qtr Cr Analysis

Operating Revenues Qtr Cr growth is lower than historical averages.

Quarterly Net Profit Qtr Cr Analysis

Net Profit Qtr Cr growth is lower than historical averages.

Annual Results

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	TTM	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Total Revenue Annual Cr	318.5	327.2	346.9	314.6	273.4	300.8	265.1	227.4	206.3	176.6
Operating Revenues Annual Cr	285.2	297.4	321.6	280.5	264.8	257.2	229.5	198.8	178.1	170.9
Other Income Annual Cr	33.3	29.8	25.3	34.1	8.6	43.6	35.7	28.6	28.2	5.8
Operating Expenses Annual Cr	131.0	126.1	112.2	94.4	92.7	95.1	82.8	64.9	54.9	40.4
Operating Profit Annual in Cr	154.1	171.3	209.4	186.1	172.1	162.1	146.6	133.9	123.2	130.5
Operating Profit Margin Annual %		52.35%	60.38%	59.17%	62.94%	53.89%	55.31%	58.88%	59.71%	73.86%
Total Expenses Annual Cr		129.1	115.1	97.5	96.6	101.4	85.7	67.5	56.8	42.6
Other Expenses Annual Cr	34.0	32.5	30.0	27.4	23.1	24.5	22.2	14.2	12.7	9.9
Employee Expenses Annual Cr	97.0	93.5	82.2	66.9	69.7	70.7	60.6	50.7	42.2	30.5
Cost Of Power Purchased Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cost Of Fuel Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBIDT Annual Cr		201.1	234.7	220.2	180.7	205.6	182.3	162.5	151.4	136.2
EBIDT margin Annual %		61.47%	67.66%	70.0%	66.09%	68.37%	68.76%	71.47%	73.39%	77.12%
Other Income Annual Cr	33.3	29.8	25.3	34.1	8.6	43.6	35.7	28.6	28.2	5.8
Interest Annual Cr	0.2	0.0	0.0	0.0	0.0	1.3	0.0	0.0	0.0	0.0
Depreciation Cr	4.1	3.1	3.0	3.1	3.9	5.0	2.9	2.6	1.9	2.2
Profit Before Tax Annual Cr	183.2	198.0	231.8	217.1	176.8	199.4	179.4	159.9	149.5	134.0
Tax Annual Cr	60.6	63.1	70.7	64.8	59.1	59.0	50.7	46.6	42.0	43.1
PAT Before ExtraOrdinary Items Annual Cr		135.0	161.0	152.3	117.7	140.3	128.7	113.3	107.5	90.9
Minority Interest Income Annual Cr
Net Profit Annual Cr	122.5	135.0	161.0	152.3	117.7	140.3	128.7	113.3	107.5	91.0
Net Profit Margin Annual %		45.39%	50.06%	54.28%	44.43%	54.55%	56.07%	57.01%	60.39%	53.23%
Basic EPS Annual Rs		45.8	54.1	51.7	40.5	48.4	44.7	39.7	37.7	31.9

Annual Total Revenue Annual Cr Analysis

Total Revenue Annual Cr growth is lower than historical averages.

1 Year:: 327.19 Cr
3 Years:: 329.55 Cr
5 Years:: 312.57 Cr
7 Years:: 293.62 Cr

Annual Net Profit Annual Cr Analysis

Net Profit Annual Cr growth is lower than historical averages.

1 Year:: 134.99 Cr
3 Years:: 149.42 Cr
5 Years:: 141.26 Cr
7 Years:: 135.47 Cr

Annual ROE Annual % Analysis

ROE Annual % is growing slower than historical averages.

1 Year:: 24.55 %
3 Years:: 26.82 %
5 Years:: 29.64 %
7 Years:: 28.78 %


Indicator	TTM	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012
Total Revenue Annual Cr	342.5	349.4	358.2	321.1	288.1	304.2	271.4	231.9	207.9
Operating Revenues Annual Cr	308.9	319.0	332.7	287.4	279.4	260.5	235.6	203.0	179.6
Other Income Annual Cr	33.6	30.4	25.5	33.7	8.7	43.7	35.8	28.9	28.3
Operating Expenses Annual Cr	150.2	144.3	121.9	105.2	105.5	101.0	87.9	68.4	56.1
Operating Profit Annual in Cr	158.7	174.7	210.8	182.2	173.9	159.6	147.7	134.6	123.4
Operating Profit Margin Annual %		50.0%	58.85%	56.75%	60.36%	52.45%	54.43%	58.05%	59.37%
Total Expenses Annual Cr		147.6	125.1	108.6	109.7	107.4	90.8	71.7	58.3
Other Expenses Annual Cr	43.3	41.5	33.0	32.6	29.9	26.3	24.6	16.2	13.3
Employee Expenses Annual Cr	106.9	102.8	88.9	72.6	75.6	74.7	63.2	52.2	42.8
Cost Of Power Purchased Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cost Of Fuel Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBIDT Annual Cr		205.1	236.2	215.9	182.6	203.3	183.5	163.5	151.7
EBIDT margin Annual %		58.7%	65.96%	67.23%	63.38%	66.81%	67.62%	70.49%	72.99%
Other Income Annual Cr	33.6	30.4	25.5	33.7	8.7	43.7	35.8	28.9	28.3
Interest Annual Cr	0.2	0.0	0.0	0.0	0.0	1.3	0.0	0.0	0.0
Depreciation Cr	4.5	3.3	3.1	3.4	4.2	5.1	2.9	3.2	2.1
Profit Before Tax Annual Cr	187.7	201.7	233.1	212.5	178.4	196.9	180.6	160.2	149.6
Tax Annual Cr	61.3	63.7	70.7	64.9	58.8	59.0	50.9	46.6	42.0
PAT Before ExtraOrdinary Items Annual Cr		138.1	162.3	147.6	119.6	137.8	129.7	113.7	107.6
Minority Interest Income Annual Cr	-0.8	-0.6	0.1	0.0	0.0	0.0	-0.2	-0.1	-0.0
Net Profit Annual Cr	126.4	138.1	162.3	147.6	119.6	137.8	129.7	113.7	107.6
Net Profit Margin Annual %		43.28%	48.79%	51.35%	42.81%	52.89%	55.03%	55.98%	59.93%
Basic EPS Annual Rs		46.7	54.5	50.2	41.1	47.5	45.0	39.8	37.7

Annual Total Revenue Annual Cr Analysis

Total Revenue Annual Cr growth is lower than historical averages.

1 Year:: 349.36 Cr
3 Years:: 342.87 Cr
5 Years:: 324.18 Cr
7 Years:: 303.45 Cr

Annual Net Profit Annual Cr Analysis

Net Profit Annual Cr growth is lower than historical averages.

1 Year:: 138.07 Cr
3 Years:: 149.34 Cr
5 Years:: 141.09 Cr
7 Years:: 135.54 Cr

Annual ROE Annual % Analysis

ROE Annual % is growing slower than historical averages.

1 Year:: 24.99 %
3 Years:: 26.86 %
5 Years:: 29.65 %
7 Years:: 28.81 %

Financial Ratios

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Book Value Per Share Annual Rs	186.6	203.4	178.0	138.9	124.3	167.0	148.5	132.1	318.1
RoA Annual %	22.27%	24.55%	25.99%	23.59%	31.54%	22.25%	21.91%	25.11%	27.4%
ROE Annual %	24.55%	26.86%	29.04%	28.82%	38.93%	26.56%	26.73%	28.51%	30.04%
ROCE Annual %	35.16%	38.04%	40.23%	28.26%	38.07%	26.14%	26.23%	28.1%	29.6%
Profitability Ratio
EBDIT Annual Margin %	67.63%	72.98%	78.5%	68.23%	79.94%	79.44%	81.75%	85.01%	79.72%
EBIT Annual Margin %	66.6%	72.06%	77.38%	66.76%	78.02%	78.18%	80.43%	83.95%	78.42%
PBT Annual Margin %	66.6%	72.06%	77.38%	66.76%	77.51%	78.18%	80.43%	83.95%	78.42%
Net Profit Margin Annual %	45.39%	50.06%	54.28%	44.43%	54.55%	56.07%	57.01%	60.39%	53.23%
Asset Turnover Annual %	49.06%	49.03%	47.88%	53.09%	57.81%	39.68%	38.43%	41.59%	51.47%
Liquidity Ratio
Current Ratio Annual	5.9	6.9	9.2	2.5	2.4	3.7	3.6	3.4	2.5
Quick Ratio Annual	5.9	6.9	9.2	2.5	2.4	3.7	3.6	3.4	2.5
Dividend Payout to NP Annual %	120.03%	51.22%	54.14%	69.54%	163.25%	62.89%	50.38%	26.55%	6.8%
Dividend Payout CP Annual %	117.37%	50.29%	53.05%	67.31%	157.68%	61.51%	49.24%	26.09%	6.64%
Earning Retention Annual %	-20.03%	48.78%	45.86%	30.46%	-63.25%	37.11%	49.62%	73.45%	93.2%
Cash Earning Retention Annual %	-17.37%	49.71%	46.95%	32.69%	-57.68%	38.49%	50.76%	73.91%	93.36%
Valuation Ratio
EnterpriseValue Annual Cr	2,891.4	3,542.6	4,869.0	2,729.0	4,270.0	2,221.3	2,255.4	0.0	0.0
EV Per Net Sales Annual	9.7	11.0	17.4	10.3	16.6	9.7	11.3
Price To Book Value Annual	5.3	6.0	9.3	6.7	11.9	4.6	5.4
EV Per EBITDA Annual	14.4	15.1	22.1	15.1	20.8	12.2	13.9
Market Cap Per Sales Annual	9.8	11.1	17.4	10.4	16.7	9.8	11.5
Retention Ratio Annual %	-20.03%	48.77%	45.85%	30.45%	-63.25%	37.1%	49.61%	73.44%	93.19%
Earnings Yield Annual	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0
Cash Earning Retention Annual %	-17.37%	49.71%	46.95%	32.69%	-57.68%	38.49%	50.76%	73.91%	93.36%
Total Debt to Total Equity Annual	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0

Annual Book Value Per Share Annual Rs Analysis

Book Value Per Share Annual Rs growth is lower than historical averages.

1 Year:: 186.57 Rs
3 Years:: 189.33 Rs
5 Years:: 166.22 Rs
7 Years:: 163.8 Rs

Annual RoA Annual % Analysis

RoA Annual % is growing slower than historical averages.

1 Year:: 22.27 %
3 Years:: 24.27 %
5 Years:: 25.59 %
7 Years:: 24.59 %


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012
Book Value Per Share Annual Rs	187.5	203.3	176.7	139.0	123.8	167.7	148.8	132.3
RoA Annual %	22.34%	24.65%	25.23%	23.79%	30.93%	22.26%	21.84%	25.04%
ROE Annual %	24.99%	27.21%	28.39%	29.26%	38.39%	26.66%	26.77%	28.53%
ROCE Annual %	35.62%	38.27%	39.64%	28.68%	37.53%	26.18%	26.22%	28.07%
Profitability Ratio
EBDIT Annual Margin %	64.28%	71.0%	75.1%	65.35%	78.01%	77.88%	80.51%	84.5%
EBIT Annual Margin %	63.24%	70.06%	73.92%	63.85%	76.05%	76.64%	78.91%	83.31%
PBT Annual Margin %	63.24%	70.06%	73.92%	63.85%	75.55%	76.64%	78.91%	83.31%
Net Profit Margin Annual %	43.28%	48.79%	51.35%	42.81%	52.89%	55.03%	55.98%	59.93%
Asset Turnover Annual %	51.85%	50.51%	49.13%	55.58%	58.48%	40.54%	39.04%	41.78%
Liquidity Ratio
Current Ratio Annual	5.7	6.9	9.0	2.4	2.3	3.7	3.5	3.4
Quick Ratio Annual	5.7	6.9	9.0	2.4	2.3	3.7	3.5	3.4
Dividend Payout to NP Annual %	117.86%	50.78%	55.83%	68.42%	166.22%	62.53%	50.27%	26.53%
Dividend Payout CP Annual %	115.08%	49.81%	54.58%	66.12%	160.3%	61.15%	48.87%	26.01%
Earning Retention Annual %	-17.86%	49.22%	44.17%	31.58%	-66.22%	37.47%	49.73%	73.47%
Cash Earning Retention Annual %	-15.08%	50.19%	45.42%	33.88%	-60.3%	38.85%	51.13%	73.99%
Valuation Ratio
EnterpriseValue Annual Cr	2,884.1	3,539.7	4,867.2	2,728.4	4,267.8	2,220.3	2,253.7	0.0
EV Per Net Sales Annual	9.0	10.6	16.9	9.8	16.4	9.4	11.1
Price To Book Value Annual	5.3	6.0	9.4	6.7	11.9	4.6	5.4
EV Per EBITDA Annual	14.1	15.0	22.5	14.9	21.0	12.1	13.8
Market Cap Per Sales Annual	9.1	10.7	17.0	9.8	16.4	9.5	11.3
Retention Ratio Annual %	-17.86%	49.21%	44.16%	31.57%	-66.22%	37.46%	49.72%	73.46%
Earnings Yield Annual	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0
Cash Earning Retention Annual %	-15.08%	50.19%	45.42%	33.88%	-60.3%	38.85%	51.13%	73.99%
Total Debt to Total Equity Annual	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0

Annual Book Value Per Share Annual Rs Analysis

Book Value Per Share Annual Rs growth is lower than historical averages.

1 Year:: 187.48 Rs
3 Years:: 189.17 Rs
5 Years:: 166.06 Rs
7 Years:: 163.83 Rs

Annual RoA Annual % Analysis

RoA Annual % is growing slower than historical averages.

1 Year:: 22.34 %
3 Years:: 24.07 %
5 Years:: 25.39 %
7 Years:: 24.43 %

Balance Sheet

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Total ShareHolders Funds Annual Cr	549.7	599.3	524.2	408.2	360.4	484.3	423.9	377.1	302.8
Equity Share Capital Annual Cr	29.5	29.5	29.5	29.4	29.0	29.0	28.6	28.6	9.5
Total Share Capital Annual Cr	29.5	29.5	29.5	29.4	29.0	29.0	28.6	28.6	9.5
Reserves Plus Surplus Annual Cr	520.2	569.9	494.7	378.8	331.4	455.3	395.3	348.6	293.2
Total Reserves Plus Surplus Annual Cr	520.2	569.9	494.7	378.8	331.4	455.3	395.3	348.6	293.2
Minority Interest Liability Annual Cr
Total Non Current Liabilities Annual Cr	13.5	9.8	15.3	8.1	8.1	7.8	8.2	5.5	4.5
Deferred Tax Liabilities Annual Cr	7.4	5.3	11.4	2.6	2.9	3.9	3.9	3.3	2.6
Other LongTerm Liabilities Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Liabilities Annual Cr	42.9	46.7	46.3	82.5	76.3	86.0	85.0	45.5	24.7
Trade Payables Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities Annual Cr	38.9	42.5	44.4	34.9	37.2	42.2	51.0	38.4	12.5
Short Term Provisions Annual Cr	4.0	4.2	1.8	47.6	39.1	43.8	34.0	7.1	12.1
Total Capital Plus Liabilities Annual Cr	606.0	655.9	585.7	498.8	444.9	578.2	517.1	428.2	331.9
Fixed Assets Annual Cr	74.8	51.7	52.7	55.1	56.1	51.5	51.2	48.3	42.1
Tangible Assets Annual Cr	73.2	50.9	52.4	55.0	55.9	51.5	51.2	48.3	42.1
Intangible Assets Annual Cr	1.6	0.9	0.3	0.2	0.2	0.0	0.0	0.0	0.0
Capital Work In Progress Annual Cr	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0
Total Non Current Assets Annual Cr	352.6	331.9	157.9	295.0	263.7	263.6	214.3	273.4	269.5
Non Current Investments Annual Cr	274.3	279.2	103.3	231.9	196.8	200.1	152.2	212.4	223.8
Deferred Tax Assets Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Long Term Loans Plus Advances Annual Cr	2.7	0.7	1.6	8.1	10.8	12.1	10.8	11.6	3.3
Other Non Current Assets Annual Cr	0.8	0.2	0.3	0.0	0.0	0.0	0.0	1.0	0.4
Total Current Assets Annual Cr	253.4	323.9	427.8	203.8	181.2	314.5	302.8	154.8	62.4
Current Investments Annual Cr	183.8	257.9	380.2	160.2	148.8	267.6	237.8	62.4	30.3
Trade Receivables Annual Cr	43.5	37.2	23.2	22.2	14.6	14.2	29.3	15.6	12.3
Cash Plus Cash Equivalents Annual Cr	20.5	24.1	11.8	12.2	12.6	26.7	31.4	68.6	18.1
Short Term Loans Plus Advances Annual Cr	0.6	1.3	0.4	4.3	1.9	2.1	1.9	1.2	0.6
Other Current Assets Annual Cr	4.8	3.5	12.2	4.8	3.2	3.9	2.4	6.9	1.1
Total Assets Annual Cr	606.0	655.9	585.7	498.8	444.9	578.2	517.1	428.2	331.9
Contingent Liabilities plus Commitments Annual Cr	0.8	1.8	13.5	8.0	3.1	1.1	2.3	2.7	1.3
Bonus Equity Share Capital Annual Cr	20.5	20.5	20.5	20.5	20.5	20.5	20.5	20.5	1.5
Non Current Investments Unquoted BookValue Annual Cr	38.5	57.2	49.1	69.3	53.8	72.2	36.6	160.5	202.3
Current Investments Unquoted BookValue Annual Cr	183.8	239.7	234.0	67.8	32.1	45.2	74.9	12.8	25.6

Annual Total Assets Annual Cr Analysis

Total Assets Annual Cr growth is lower than historical averages.

1 Year:: 606.03 Cr
3 Years:: 615.87 Cr
5 Years:: 558.26 Cr
7 Years:: 555.22 Cr


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012
Total ShareHolders Funds Annual Cr	550.0	596.8	520.0	408.7	358.9	485.4	424.2	377.2
Equity Share Capital Annual Cr	29.5	29.5	29.5	29.4	29.0	29.0	28.6	28.6
Total Share Capital Annual Cr	29.5	29.5	29.5	29.4	29.0	29.0	28.6	28.6
Reserves Plus Surplus Annual Cr	520.5	567.4	490.6	379.3	329.9	456.4	395.7	348.6
Total Reserves Plus Surplus Annual Cr	520.5	567.4	490.6	379.3	329.9	456.4	395.7	348.6
Minority Interest Liability Annual Cr	2.4	2.1	0.5	0.0	0.0	0.9	0.7	0.6
Total Non Current Liabilities Annual Cr	13.8	10.1	15.4	8.2	8.2	8.0	8.3	5.5
Deferred Tax Liabilities Annual Cr	7.4	5.3	11.4	2.6	2.9	3.9	3.9	3.3
Other LongTerm Liabilities Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Liabilities Annual Cr	48.9	49.6	49.1	85.7	78.3	86.8	86.8	46.4
Trade Payables Annual Cr	0.0	0.0	0.0	1.0	0.0	0.0	0.0	0.0
Other Current Liabilities Annual Cr	44.8	45.3	47.1	36.9	39.0	43.0	52.7	39.3
Short Term Provisions Annual Cr	4.1	4.3	1.9	47.9	39.3	43.8	34.0	7.1
Total Capital Plus Liabilities Annual Cr	615.1	658.6	585.0	502.6	445.5

CARE Ratings Ltd.

Analyst Rating

No of reports

3

No upgrades

0

No downgrades

0

Price to Book Value

2.87

Operating Revenues Qtr Cr s

45.22 Cr

Net Profit Qtr Cr s

13.09 Cr

RSI

38.47

MFI

45.80

MACD

-26.46

MACD signal

-34.04

SMA 30

543.37

SMA 50

641.45

SMA 100

796.00

SMA 200

890.93

Promoter holding %

0

FII holding %

49.31

MF holding %

9.21

Institutional holding %

69.18

Peer Group

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Quarterly Results

Quarterly Operating Revenues Qtr Cr Analysis

Quarterly Net Profit Qtr Cr Analysis

Quarterly Operating Revenues Qtr Cr Analysis

Quarterly Net Profit Qtr Cr Analysis

Annual Results

Annual Total Revenue Annual Cr Analysis

Average Total Revenue Annual Cr

Annual Net Profit Annual Cr Analysis

Average Net Profit Annual Cr

Annual ROE Annual % Analysis

Average ROE Annual %

Annual Total Revenue Annual Cr Analysis

Average Total Revenue Annual Cr

Annual Net Profit Annual Cr Analysis

Average Net Profit Annual Cr

Annual ROE Annual % Analysis

Average ROE Annual %

Financial Ratios

Annual Book Value Per Share Annual Rs Analysis

Average Book Value Per Share Annual Rs

Annual RoA Annual % Analysis

Average RoA Annual %

Annual Book Value Per Share Annual Rs Analysis

Average Book Value Per Share Annual Rs

Annual RoA Annual % Analysis

Average RoA Annual %

Balance Sheet

Annual Total Assets Annual Cr Analysis

Average Total Assets Annual Cr