P&LMar '13Mar '12Mar '11Mar '10Mar '09

12 mths12 mths12 mths12 mths12 mths

IncomeSales Turnover21,126.1620,475.7417,386.5112,420.959,310.24Excise Duty1,128.91959.09934.71607.7610.07Net Sales19,997.2519,516.6516,451.8011,813.258,700.17Other Income795.49413.661,176.0022.5-6.2Stock Adjustments-2494.1582.7947.6-24.49Total Income20,768.7420,024.4617,710.5911,883.358,669.48ExpenditureRaw Materials14,761.8314,580.2411,965.308,187.116,502.10Power & Fuel Cost121.33101.8586.6170.3560.89Employee Cost639.48541.04494.33411.76366.67Other Manufacturing Expenses95.5773.7661.7757.5457.08Selling and Admin Expenses0364.06517.27407.61381.73Miscellaneous Expenses782.64263.37168.53221.94225.56Preoperative Exp Capitalised-62.85-49.43-16.66-15.67-14.42Total Expenses16,338.0015,874.8913,277.159,340.647,579.61Mar '13Mar '12Mar '11Mar '10Mar '09

12 mths12 mths12 mths12 mths12 mths

Operating Profit3,635.253,735.913,257.442,520.211,096.07PBDIT4,430.744,149.574,433.442,542.711,089.87Interest0.5422.241.695.9821.01PBDT4,430.204,127.334,431.752,536.731,068.86Depreciation163.97145.62122.84136.45129.79Other Written Off02.142.1400Profit Before Tax4,266.233,979.574,306.772,400.28939.07Extra-ordinary items046.646.7726.8718.72PBT (Post Extra-ord Items)4,266.234,026.174,353.542,427.15957.79Tax1,222.661,022.121,011.02710.12301.61Reported Net Profit3,043.573,004.053,339.731,702.73656.48Total Value Addition1,576.171,294.651,311.851,153.531,077.51Preference Dividend00000Equity Dividend1,302.151,302.151,157.47578.73318.3Corporate Dividend Tax221.3211.24187.7796.1254.1Per share data (annualised)Shares in issue (lakhs)2,893.672,893.672,893.671,446.841,446.84Earning Per Share (Rs)105.18103.81115.42117.6945.37Equity Dividend (%)450450400400220Book Value (Rs)273.08208.77169.69202.4129.23

Financial RatiosKey Financial Ratios of Bajaj Auto

Mar '12Mar '11Mar '10Mar '09Mar '08

Investment Valuation RatiosFace Value1010101010Dividend Per Share4540402220Operating Profit Per Share (Rs)129.11112.47173.0275.6475.01Net Operating Profit Per Share (Rs)674.46568.54816.49601.32610.1Free Reserves Per Share (Rs)198.77158.97190.09106.5699.73Bonus in Equity Capital89.4589.4578.9178.9178.91Profitability RatiosOperating Profit Margin(%)19.1419.7821.1912.5712.29Profit Before Interest And Tax Margin(%)18.0618.5719.7810.8810.03Gross Profit Margin(%)18.3919.0320.0311.0810.32Cash Profit Margin(%)15.3315.7116.210.5510.48Adjusted Cash Margin(%)15.3315.7116.210.5510.48Net Profit Margin(%)15.1119.814.237.48.32Adjusted Net Profit Margin(%)15.1119.814.237.48.32Return On Capital Employed(%)64.2467.5759.0132.839.71Return On Net Worth(%)49.7268.0158.1438.9247.61Adjusted Return on Net Worth(%)47.9951.4261.5347.7848.91Return on Assets Excluding Revaluations208.77169.69202.4116.56109.73Return on Assets Including Revaluations208.77169.69202.4116.56109.73Return on Long Term Funds(%)64.2469.6759.1935.3639.71Liquidity And Solvency RatiosCurrent Ratio0.880.80.690.840.88Quick Ratio0.720.710.550.730.64Debt Equity Ratio0.020.070.460.840.84Long Term Debt Equity Ratio0.020.030.450.710.84Debt Coverage RatiosInterest Cover177.332,093.39421.0653.71224.91Total Debt to Owners Fund0.020.070.460.840.84Financial Charges Coverage Ratio183.982,167.34443.8859.89258.84Financial Charges Coverage Ratio Post Tax142.722,051.12308.5638.42181.43Management Efficiency RatiosInventory Turnover Ratio30.9732.828.8728.6429.33Debtors Turnover Ratio49.6651.7737.4127.4521.93Investments Turnover Ratio30.9732.828.8728.6429.33Fixed Assets Turnover Ratio5.754.853.52.62.95Total Assets Turnover Ratio3.193.142.772.533.02Asset Turnover Ratio3.433.463.072.742.95

Average Raw Material Holding5.975.587.916.395.24Average Finished Goods Held9.449.189.139.9710.73Number of Days In Working Capital-11.05-26.08-41.29-8.31-9.73Profit & Loss Account RatiosMaterial Cost Composition74.772.7269.374.7376.58Imported Composition of Raw Materials Consumed4.44.063.592.352.37Selling Distribution Cost Composition1.382.713.233.973.98Expenses as Composition of Total Sales33.9527.7427.6730.8223.53Cash Flow Indicator RatiosDividend Payout Ratio Net Profit50.3740.2739.6356.7244.78Dividend Payout Ratio Cash Profit48.0138.8236.6947.3636.36Earning Retention Ratio47.8146.7362.5553.7956.41Cash Earning Retention Ratio50.3449.2465.1960.264.43AdjustedCash Flow Times0.030.120.691.681.4

Mar '13Mar '12Mar '11Mar '10Mar '09

Earnings Per Share105.18103.81115.42117.6945.37Book Value273.08208.77169.69202.4129.23

Sheet3