PERFORMANCE DURING THE LAST 5 YEARS
 
Develop
2009
-10		 2008
-09
2007
-08
2006
-07
2005
-06
2004
-05
2003
-04
2002
-03
2001
-02
1 Crude Oil Processed (TMT) : 2619 2251
2568
2504
2133
2042
2200
1879
2307
2 Capacity Utilisation ( %) :
[Installed capacity 3000 TMT] 		87% 75%
86%
83%
71%
68%
73%
63%
77%
3 Production Quantity (TMT) :
 2366 2016
2302
2268
1958
1873
1982
1691
2060
  Light Distillates % 15.7% 15.5%
15.2%
14.7%
14.1%
14.8%
14.5%
13.2%
12.6%
  Middle Distillates % 80.0% 80.3%
80.4%
80.7%
80.6%
80.4%
81.5%
81.7%
83.0%
  Heavy Ends % 4.4% 4.2%
4.4%
4.6%
5.3%
4.8%
4.0%
5.1%
4.3%
4 Refinery Fuel and Loss as %
of Crude Processed : 		10.47% 11.68%
11.04%
11.49%
11.02%
10.06%
9.94%
11.34%
11.35%
5 Market Sales (TMT ) : 2,355 2,023
2,391
2,333
1,961
1,927
1,834
1,736
2,114
6 Manpower (Nos.): 820 789
788
718
705
683
674
658
655
7 Sales and Earnings (Rs. in Crore) :
i) Sales Turnover 7,874.09 8,853.35
8,764.16
7,930.32
5,820.37
4,298.99
3,220.26
2,804.74
2,261.28
ii) Gross Profit before Depreciation, Amortisation, Interest & Tax: 512.27 484.02
586.00
840.55
648.14
747.97
615.43
585.40
480.46
iii) Depreciation / Amorti sation 153.64 147.96
157.62
159.74
140.60
137.75
132.67
127.37
135.63
iv) Interest 5.14 21.43
23.24
20.56
34.71
55.50
104.61
140.51
200.15
v) Adjustment for prior period (8.22) (4.96)
(7.96)
77.14
(2.81)
(2.41)
0.93
0.52
11.37
vi) Profit before tax 361.71 319.59
413.10
583.11
475.64
557.13
377.22
317.00
133.31
vii) Tax # 129.63 83.95
40.29
14.31
26.70
147.98
162.28
142.37
10.34
viii) Profit After Tax. 232.08 235.64
372.81
568.80
448.94
409.15
214.94
174.63
122.97
# Includes Deferred Tax provision - Rs.(43.64) Crore (Current year) & Rs.(53.82) Crore (Previous year)
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8 What the Company Owned (Rs. in Crore) :
i) Gross Fixed Assets
(including Capital Work-in-Progress) 		3,582.39 3,347.22
3,219.57
3,083.36
2,964.06
2,776.61
2,641.57
2,614.79
2,695.80
ii ) Net Fixed Assets
(including Capital Work-in-Progress) 		2,155.43 2,071.31
2,086.28
2,105.35
2,226.71
2,176.09
2,178.82
2,283.58
2,492.58
iii) Net Current Assets
(including investments)
739.87 571.78
520.15
491.03
449.12
265.19
430.81
106.02
49.31
iv) Intangible Assets to the extent not written off 1.76 3.94
4.92
6.89
7.22
-
-
-
-
Total Assets Net (ii+iii+iv) 2,897.06 2,647.03
2,611.35
2,603.27
2,683.05
2,441.28
2,609.63
2,389.60
2,541.89
9. What the Company Owed (Rs. in Crore) :
i) Share Capital 735.63 735.63
735.63
735.63
735.63
735.63
735.63
735.63
735.63
ii) Reserve & Surplus 1,714.41 1,615.02
1,508.47
1,309.34
955.70
666.14
399.75
257.82
199.76
iii) Miscellaneous Expenditure to the extent not written off
-
-
-
-
-
0.31
-
1.85
6.33
iv) Net worth (i)+(ii)-(iii) 2,450.04 2,350.65
2,244.10
2,044.97
1,691.33
1,401.46
1,135.38
991.60
929.06
v) Borrowings 207.65 50.39
77.62
214.85
596.19
629.17
1,167.61
1,224.53
1,612.83
vi) Deferred Tax Liability 239.37 245.99
289.63
343.45
395.53
410.65
306.64
173.47
-
Total Funds Employed (iv+v+vi) 2,897.06 2,647.03
2,611.35
2,603.27
2,683.05
2,441.28
2,609.63
2,389.60
2,541.89
10 Internal Generation
(Rs. in Crore)		 393.27 340.02
476.67
692.92
580.12
655.45
504.60
424.90
285.51
11 Ratios :
i) Gross profit before Depreciation / Amortisati, Interest & Tax as
% age of Net Sales &
Other income.		 7.70% 6.25%
7.90%
12.44%
13.07%
20.10%
22.94%
24.29%
24.30%
ii) Profit after Tax as % age of Average Net Worth. 9.67% 10.26%
17.38%
30.45%
29.03%
32.26%
20.21%
18.18%
13.90%
iii) Profit after Tax as % age of Share Capital 31.55% 32.03%
50.68%
77.32%
61.03%
55.62%
29.22%
23.74%
16.72%
iv) Average Net worth as % age of Share Capital 326% 312%
292%
254%
210%
172%
145%
131%
120%
v) Gross profit before Depreciation / Amortisation, Interest & Tax as
% age of Average
Capital Employed.		 21.52% 21.15%
24.67%
35.38%
28.11%
31.29%
25.80%
25.06%
19.39%
vi) Profit Before Tax as % age of Average Capital Employed 15.20% 13.96%
17.39%
24.54%
20.63%
23.31%
15.82%
13.57%
5.38%
vii) Profit After Tax as % age of Average
Capital Employed		 9.75% 10.30%
15.70%
23.94%
19.47%
17.12%
9.01%
7.48%
4.96%
viii) Long Term Debt Equity Ratio 0.02 0.02
0.03
0.09
0.26
0.32
0.86
1.23
1.55
12 Earning Per Share (Rs.) 3.15 3.20
5.07
7.73
6.10
5.56
2.92
2.37
1.67
13 Book Value Per Share (Rs.) 33.31 31.96
30.51
27.80
22.99
19.05
15.43
13.48
12.63
14 SOURCES AND APPLICATION OF FUNDS (Rs. In Crore)
SOURCES OF FUNDS
OWN :
  Profit after Tax 232.08 235.64
372.81
568.80
448.93
409.15
214.95
174.63
122.98
  Depreciation / Amortisation 153.23 144.61
157.26
242.79
137.97
137.81
131.54
127.98
136.18
  Deferred Tax provision (6.60) (43.64)
(53.82)
(52.08)
(15.12)
104.01
133.17
116.65
-
  Investments
-
 0.46
-
2.51
-
-
-
46.00
-
  Shareholders Investment
-
-
-
-
-
-
-
-
-
  Miscellaneous Expenses written off
-
-
-
-
-
-
21.89
3.60
4.17
  BORROWINGS:
  Loans (Net ) 157.26
-
-
-
-
-
-
-
  Decrease in Working Capital
-
-
33.88
-
-
165.61
-
-
72.06
  Adjustment on account of
retirement / reclassification of assets 		1.30
-
22.95
14.42
1.47
(0.18)
8.17
92.21
(2.03)
    537.27 337.07
533.08
776.44
573.25
816.40
509.72
561.07
333.36
 
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  APPLICATION OF FUNDS :
  Capital Expenditure 236.49 127.65
159.16
133.72
188.91
134.85
34.94
11.19
25.15
  Adjustment for Misc. Expenditure / Intangible Assets
-
 1.03
-
1.79
8.05
0.34
20.03
(0.88)
0.45
   
  Dividend 110.34 110.34
147.13
183.91
139.77
125.06
64.74
52.97
37.52
  Tax on distributed profits 18.75 18.75
25.00
31.26
19.60
17.71
8.29
6.79
-
  Repayment of Loans (Net )
-
 27.23
137.24
381.34
32.99
538.44
56.92
388.30
224.24
  Investments (Net)
-
-
63.00
-
64.31
-
-
-
460
  Increase in Working Capital 168.09 52.07
-
44.42
119.62
-
324.80
102.70
-
  Transitional Provision for Employee Benefit 3.60
-
1.55
-
-
-
-
-
-
    537.27 337.07
533.08
776.44
573.25
816.40
509.72
561.07
333.36
15 Changes in Working Capital (Rs. in Crore) :
A) Current Assets :
  Inventories 571.63 57.15
100.34
22.95
80.65
122.22
325.04
47.23
(87.72)
  Sundry Debtors (24.58) (337.68)
269.18
(57.62)
92.22
(53.96)
36.27
24.56
108.38
  Cash & Bank Balances (169.35) (220.01)
121.72
359.41
29.56
(25.09)
(163.51)
172.23
(5.61)
  Other Current Assets 2.65 0.03
(2.24)
3.70
0.28
-
-
-
-
  Loans & Advances, Others 38.71 (18.48)
(5.40)
(69.29)
(65.40)
(46.82)
(40.69)
89.51
137.96
    419.06 (518.99)
483.60
259.15
137.31
(3.65)
157.11
333.53
153.01
  Less:    
B) Current Liabilities & Provisions
  Current Liabilities 197.87 (558.03)
557.53
272.73
(43.66)
276.07
(175.37)
201.18
(62.78)
  Provisions 53.10 (13.03)
(40.05)
(58.00)
61.35
(114.11)
7.68
29.65
287.85
    250.97 (571.06)
517.48
214.73
17.69
161.96
(167.69)
230.83
225.07
C) Working Capital (A - B) 168.09 52.07
(33.88)
44.42
119.62
(165.61)
324.80
102.70
(72.06)
 
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