|
Even though the industry demand for cycles has
been dropping, TII has maintained its volumes of production by increasing
its market share from 27 per cent in 2001-02 to 30 per cent in 2002-03.
Financial Summary
For the year ended 31 March
|
Rs crore
|
|
Particulars
|
96-97
|
97-98
|
98-99
|
99-00
|
00-01
|
01-02
|
02-03
|
03-04
|
04-05
|
05-06
|
|
Operating Results
|
|
|
|
|
|
|
|
|
|
|
|
Sales (including excise
duty)
|
600.05
|
607.93
|
677.35
|
979.93
|
1,090.02
|
1,074.47
|
1,197.13
|
1,257.34
|
1,562.58
|
1,584.18
|
|
Profit before depreciation,
interest and tax
|
64.53
|
60.21
|
65.69
|
92.80
|
104.09
|
98.53
|
105.82
|
147.39
|
178.50
|
307.37
|
|
Profit before interest
and tax
|
48.37
|
40.52
|
43.46
|
63.22
|
70.50
|
70.72
|
77.65
|
117.79
|
140.69
|
258.81
|
|
Profit before tax (PBT)
|
24.11
|
17.44
|
21.50
|
41.34
|
50.91
|
55.34
|
62.45
|
105.30
|
126.18
|
245.63
|
|
Profit after tax (PAT)
|
21.45
|
16.01
|
21.08
|
32.84
|
36.16
|
36.27
|
45.89
|
82.49
|
98.55
|
182.93
|
|
Dividends
|
6.16
|
4.92
|
6.16
|
9.85
|
12.31
|
13.54
|
16.63
|
18.47
|
25.87
|
86.84
|
|
Dividend tax
|
0.62
|
0.49
|
0.65
|
1.08
|
1.26
|
-
|
2.13
|
2.37
|
3.63
|
12.18
|
|
Retained profits
|
14.67
|
10.60
|
14.27
|
21.91
|
22.59
|
22.73
|
27.13
|
61.65
|
69.05
|
83.91
|
|
Sources And
Application Of Funds
|
|
Sources Of Funds
|
|
|
|
|
|
|
|
|
|
|
Share capital
|
24.62
|
24.62
|
24.62
|
24.62
|
24.62
|
24.62
|
18.47
|
18.47
|
36.95
|
36.95
|
|
Reserves and surplus
|
308.54
|
318.96
|
318.59
|
340.33
|
362.75
|
347.01
|
315.18
|
376.83
|
411.24
|
495.15
|
|
Net worth
|
333.16
|
343.58
|
343.21
|
364.95
|
387.37
|
371.63
|
333.65
|
395.30
|
448.19
|
532.10
|
|
Debt
|
150.98
|
145.09
|
137.73
|
181.16
|
174.27
|
174.25
|
262.20
|
215.64
|
228.12
|
244.30
|
|
Deferred tax liability
(net)
|
-
|
-
|
-
|
-
|
-
|
35.82
|
31.98
|
31.79
|
32.71
|
41.50
|
|
Funds employed
|
484.14
|
488.67
|
480.94
|
546.11
|
561.64
|
581.70
|
627.83
|
642.73
|
709.02
|
817.90
|
|
Application Of Funds
|
|
|
|
|
|
|
|
|
Gross fixed assets
|
259.12
|
310.55
|
368.30
|
391.68
|
419.06
|
418.72
|
406.08
|
432.30
|
566.43
|
626.01
|
|
Depreciation
|
85.88
|
102.64
|
124.06
|
139.02
|
164.41
|
175.46
|
180.75
|
206.65
|
282.96
|
324.44
|
|
Net fixed assets
|
173.24
|
207.91
|
244.24
|
252.66
|
254.65
|
243.26
|
225.33
|
225.65
|
283.47
|
301.57
|
|
Capital work-in-progress
|
60.34
|
35.38
|
5.01
|
6.68
|
9.85
|
2.14
|
2.93
|
13.66
|
21.42
|
80.49
|
|
Investments
|
91.11
|
83.16
|
52.68
|
66.21
|
58.58
|
97.13
|
174.55
|
204.17
|
189.71
|
235.86
|
|
Gross current assets
|
278.00
|
283.83
|
288.18
|
393.48
|
392.41
|
412.17
|
449.78
|
440.77
|
516.91
|
525.90
|
|
Current liabilities and
provisions
|
118.55
|
122.97
|
118.20
|
178.76
|
165.67
|
205.96
|
256.46
|
262.95
|
302.49
|
325.92
|
|
Net current assets
|
159.45
|
160.86
|
169.98
|
214.72
|
226.74
|
206.21
|
193.32
|
177.82
|
214.42
|
199.98
|
|
Deferred revenue expenditure
|
-
|
1.36
|
9.03
|
5.85
|
11.82
|
32.96
|
31.70
|
21.43
|
-
|
-
|
|
Net assets employed
|
484.14
|
488.67
|
480.94
|
546.11
|
561.64
|
581.70
|
627.83
|
642.73
|
709.02
|
817.90
|
|
Ratios
|
|
|
|
|
|
|
|
|
|
|
|
ROCE (%) #
|
9.99
|
8.29
|
9.04
|
11.58
|
12.55
|
12.16
|
12.37
|
18.33
|
19.84
|
31.64
|
|
PBT to sales (%)
|
4.02
|
2.87
|
3.17
|
4.22
|
4.67
|
5.15
|
5.22
|
8.37
|
8.08
|
15.51
|
|
Return on net worth (%)
+
|
6.55
|
4.75
|
6.41
|
9.27
|
9.75
|
10.71
|
15.20
|
22.06
|
21.99
|
34.38
|
|
Earnings per share (Rs)
|
8.71
|
6.50
|
8.56
|
13.34
|
14.69
|
14.73
|
19.46
|
22.32
|
26.67
|
49.50
|
|
Dividend per share (Rs)
|
2.50
|
2.00
|
2.50
|
4.00
|
5.00
|
5.50
|
9.00
|
10.00
|
7.00
|
23.50
|
|
Book value per share (Rs)
|
133.05
|
136.80
|
133.64
|
143.83
|
150.58
|
137.55
|
163.46
|
202.39
|
121.28
|
143.98
|
|
Debt equity ratio (%) @
+
|
46.08
|
43.07
|
41.85
|
51.15
|
47.00
|
51.45
|
86.83
|
57.68
|
50.90
|
45.91
|
|
Fixed assets vs turnover
(times)
|
3.46
|
2.92
|
2.77
|
3.88
|
4.28
|
4.42
|
5.31
|
5.57
|
5.51
|
5.25
|
|
Net working capital vs
turnover (times)
|
3.76
|
3.78
|
3.98
|
4.56
|
4.81
|
5.21
|
6.19
|
7.07
|
7.29
|
7.92
|
# Return on capital employed (ROCE)
is profit before interest and taxation divided by the capital employed
at the end of the year.
@ Debt-equity ratio is total debt as a percentage of shareholders'
funds.
+ Ratios have been computed after adjusting for revaluation reserve
and deferred revenue expenditure.
Financial
Calendar
|
Annual
General Meeting
|
in
July
|
|
Financial reporting for
the quarter ending June 30
|
end July
|
|
Financial reporting for
the quarter ending Sept 30
|
end October
|
|
Financial reporting for
the quarter ending Dec 31
|
end January
|
|
Financial reporting for
the quarter ending March 31
|
April / May
|
Registered Office
Dare House, Parry's Corner,
Chennai - 600 001
Tel: (+91-44) 5217 7770
Fax: (+91-44) 5211 0404
Email: info@tiindia.com
Website: www.tiiindia.com
Registrar and Transfer Agent
Karvy Computershare Private Limited,
Karvy House,
46, Avenue 4, Street No.1,
Banjara Hills,
Hyderabad - 500 034
Tel: (+91-40) 2337 4589
Fax: (+91-40) 2331 1968
Email: mailmanager@karvy.com
|
