Mahindra Rise

Financial position at a glance

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Balance Sheet

as on 31st March, 2017

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	2017	2016
ASSETS
NON-CURRENT ASSETS
(a) Property, Plant and Equipment	6,400.84	6,545.73
(b) Capital Work-in-Progress	409.45	231.53
(c) Other Intangible Assets	1,233.80	1,050.26
(d) Intangible Assets Under Development	1,628.49	1,330.62
(e) Financial Assets
(i) Investments	14,295.47	11,161.42
(ii) Loans	33.94	1,223.55
(iii) Other Financial Assets	245.10	76.52
(f) Income Tax Assets (Net)	489.17	465.45
(g) Other Non-Current Assets	2,146.06	1,778.81
	26,882.32	23,863.89
CURRENT ASSETS
(a) Inventories	2,715.60	2,687.93
(b) Financial Assets
(i) Investments	3,606.70	2,385.98
(ii) Trade Receivables	2,918.45	2,511.64
(iii) Cash and Cash Equivalents	545.61	842.31
(iv) Bank Balances other than Cash and Cash Equivalents	1,141.39	1,444.72
(v) Loans	505.88	486.76
(vi) Other Financial Assets	570.18	547.97
(c) Other Current Assets	452.18	728.37
	12,455.99	11,635.68
TOTAL ASSETS	39,338.31	35,499.57

EQUITY AND LIABILITIES
EQUITY
(a) Equity Share Capital	296.81	296.32
(b) Other Equity	25,372.75	22,126.85
	25,669.56	22,423.17
LIABILITIES
NON-CURRENT LIABILITIES
(a) Financial Liabilities
(i) Borrowings	2,233.99	1,495.42
(ii) Trade Payables	1.79	3.25
(iii) Other Financial Liabilities	389.37	422.62
(b) Provisions	700.45	656.24
(c) Deferred Tax Liabilities (Net)	694.86	460.08
(d) Other Non-current Liabilities	189.34	194.47
	4,209.80	3,232.08
CURRENT LIABILITIES
(a) Financial Liabilities
(i) Borrowings	503.44	348.13
(ii) Trade Payables	7,156.26	6,674.71
(iii) Other Financial Liabilities	337.33	1,295.57
(b) Other Current Liabilities	802.54	927.53
(c) Provisions	440.00	408.54
(d) Current Tax Liabilities (Net)	219.38	189.84
	9,458.95	9,844.32
TOTAL EQUITY AND LIABILITIES	39,338.31	35,499.57

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10 Years At A Glance

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	As per Ind AS and Schedule III of the Companies Act, 2013			As per previous GAAP and Revised Schedule VI of the Companies Act, 1956				As per previous GAAP and Old Schedule VI of the Companies Act, 1956
	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Property, Plant and Equipment and Other Intangible Assets	9,673	9,158	7,766	7,105	5,821	5,088	3,904	3,703	3,214	2,361
Investments	17,902	13,547	13,139	11,380	11,834	10,297	8,913	6,398	5,786	4,215
Foreign Currency Monetary Item Translation Difference Account Asset/(Liability)	-	-	-	-	-	-	-	(3)	18	-
Inventories	2,716	2,688	2,438	2,804	2,420	2,358	1,694	1,189	1,061	1,084
Trade Receivable/Debtors	2,918	2,512	2,558	2,510	2,208	1,929	1,260	1,258	1,044	1,005
Other Non Current/ Current Assets	6,130	7,594	6,181	7,490	5,171	4,098	3,753	3,599	2,959	1,555
Misc. Expenditure not written off	-	-	-	-	-	-	-	-	13	14
Borrowings	2,737	1,844	2,620	3,745	3,227	3,174	2,321	2,880	4,053	2,587
Non Current/Current Liabilities and Provisions	10,236	10,773	9,230	9,863	8,953	7,964	6,535	5,197	4,798	3,240
Deferred Tax Liabilities/ (Assets) (Net)	695	460	222	890	615	527	355	240	(18)	57
Equity Capital	297	296	296	295	295	295	294	283	273	239
Reserves and Surplus	25,373	22,127	19,714	16,496	14,364	11,810	10,019	7,544	4,989	4,111
Net Worth	25,670	22,423	20,009	16,791	14,659	12,105	10,313	7,827	5,262	4,350
Book Value Per Share (Rs)	432.43	378.36	338.34	284.26	248.14	205.32	175.43	@138.10	192.12	180.87

@ Book Value Per Share is shown after giving effect to the sub division of each Ordinary (Equity) Share of the face value Rs.10 each fully paid up into two Ordinary (Equity) Shares of Rs.5 each fully paid up in March, 2010.

Book value per share is calculated after reducing Misc. expenditure not written off and Revaluation Reserve from Net Worth.

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Statement of Profit and Loss

for the year ended 31st March, 2017

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	2017	2016
INCOME
Revenue from Operations	47,096.04	43,638.90
Other Income	1,342.49	849.93
Total Income	48,438.53	44,488.83
EXPENSES
Cost of materials consumed	20,913.11	19,364.88
Purchases of Stock-in-trade	10,893.63	10,409.26
Changes in Inventories of Finished Goods, Stock-in-Trade and Work-in-Progress	(4.01)	(257.97)
Excise Duty	3,310.68	2,763.83
Employee benefits expense	2,595.37	2,348.72
Finance costs	145.58	186.05
Depreciation and amortisation expense	1,327.16	1,068.10
Other expenses	4,755.04	4,469.50
	43,936.56	40,352.37
Less : Cost of manufactured products capitalised	137.07	79.26
Total Expenses	43,799.49	40,273.11
Profit before exceptional items and tax	4,639.04	4,215.72
Exceptional Items	548.46	68.74
Profit before tax	5,187.50	4,284.46
Tax Expense
Current Tax	998.26	857.65
Deferred Tax	233.59	222.24
Profit for the year	3,955.65	3,204.57
Total other comprehensive income	2.45	29.76
Total comprehensive income for the year	3,958.10	3,234.33
Earnings per equity share :
(Face Value Rs. 5/- per share) (Rupees)
Basic	66.70	53.05
Diluted	66.37	52.80

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10 Years At A Glance

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	As per Ind AS and Schedule III of the Companies Act, 2013		As per previous GAAP and Schedule III of the Companies Act 2013	As per previous GAAP and Revised Schedule VI of the Companies Act, 1956				As per previous GAAP and Old Schedule VI of the Companies Act, 1956
	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Income	48,439	44,489	41,481	43,838	43,962	34,820	25,989	20,724	15,072	13,301
Materials	31,803	29,516	27,955	29,432	30,425	23,500	16,264	12,333	9,274	7,726
Excise Duty	3,311	2,764	2,188	2,612	2,972	2,501	2,095	1,807	1,587	1,584
Personnel	2,595	2,349	2,317	2,164	1,866	1,701	1,432	1,198	1,025	868
Finance Costs/Interest	146	186	214	259	191	163	72	157	134	87
Depreciation and Amortisation Expense	1,327	1,068	975	863	711	576	414	371	292	239
Other Expenses	4,618	4,390	3,999	4,191	3,441	2,881	2,310	2,102	1,734	1,563
Exceptional items	548	69	336	52	91	108	118	91	10	173
Profit before tax for the year	5,188	4,284	4,169	4,369	4,447	3,606	3,520	2,847	1,036	1,407
Tax for the year	1,232	1,080	848	611	1094	727	858	759	199	304
Adj. pertaining to Prev. Years	-	-	-	-	-	-	-	-	△ 31	-
Balance profit	3,956	3,205	3,321	3,758	3,353	2,879	2,662	2,088	868	1,103
Dividends	#+928	+841	+847	+963	+894	+869	+803	+624	+312	+321
Equity Dividend (%)	260	240	240	280	260	250	230	190	100	115
Earnings Per Share (Rupees)	66.70	53.05	56.23	63.67	56.85	48.97	46.21	37.97	15.92	23.12
Vehicles produced/ purchased (Units)	4,99,117	4,96,859	4,64,799	5,06,035	5,55,510	4,74,145	3,55,500	2,84,516	2,01,993	1,96,956
Vehicles sold (Units)	5,06,624	4,94,096	4,64,850	5,07,176	5,51,469	4,69,345	3,54,073	2,82,119	2,06,688	1,95,077
Tractors produced (Units)	2,72,308	2,17,383	2,24,330	2,77,425	2,19,893	2,46,475	2,16,388	1,73,276	1,19,098	98,917
Tractors sold (Units)	2,63,021	2,14,173	2,34,766	2,68,487	2,24,844	2,36,666	2,14,325	1,75,196	1,20,202	99,042

# Proposed Dividend.

+ Including Income-tax on Proposed Dividend/Dividends.

△Profit of Mahindra Holdings and Finance Limited for the period 1st February, 2008 to 31st March, 2008.

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Cash Flow Statement

for the year ended 31st March, 2017 & 31st March, 2016

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	2017	2016
A. CASH FLOW FROM OPERATING ACTIVITIES :
Profit before exceptional items and tax	4,639.04	4,215.72
Adjustments for :
Depreciation and Amortisation expenses	1,327.16	1,068.10
(Gain)/Loss on foreign exchange fluctuations (Net)	-20.10	124.36
Investment and Interest Income	-979.09	-679.50
Net (gain)/loss arising on financial assets measured at fair value through profit or loss	-189.11	-
Finance costs	145.58	186.05
Share based payment expenses	118.59	84.12
(Gain)/loss on sale of current investments (Net)	-27.74	-49.31
(Profit)/Loss on property, plant and equipment sold/scrapped/written off (Net)	-22.08	27.11
Impairment of Intangible Assets Under Development	2.64	9.44
	355.85	770.37
Operating Profit before Working Capital changes	4,994.89	4,986.09
Changes in :
Trade and other receivables	-742.08	99.00
Inventories	-88.09	-250.37
Trade and other payables	798.89	1,563.66
	-31.28	1,412.29
Cash generated from operations	4,963.61	6,398.38
Income Taxes paid (Net of refunds)	-992.43	-927.88
NET CASH FROM OPERATING ACTIVITIES	3,971.18	5,470.50
CASH FLOW FROM INVESTING ACTIVITIES :
Payments to acquire property, plant and equipment and other intangible assets	-2,202.47	-2,162.99
Proceeds from sale of property, plant and equipment and other intangible assets	142.01	11.40
Payments to acquire non current investments - Subsidiaries	-3,274.93	-3,394.81
Payments to acquire non current investments - Associates	-213.07	-
Payments to acquire non current investments - JV's	-213.05	-17.85
Payments to acquire other non current investments	-9.01	-1.50
Payments to acquire current investments	-1,14,423.57	-77,402.40
Proceeds from sale of current investments	1,13,327.09	76,893.30
Share Application money paid	-79.59	-
Changes in earmarked balances and margin accounts with banks	-0.36	-3.61
Bank Deposits placed	-2,110.74	-2,179.45
Bank Deposits matured	2,414.48	1,876.00
Interest received	300.73	182.98
Dividends received	599.36	416.97
Inter corporate deposits given	-645.00	-300.00
Inter corporate deposits refunded	628.68	27.68
Loan given	-	-1,200.00
Repayment of Loan given	1,200.00	14.95
Exceptional Items :
Proceeds from sale of certain non current Investments	1,099.98	3,701.40
Proceeds from disposal of net assets on account of transfer of business	260.06	-
NET CASH USED IN INVESTING ACTIVITIES	-3,199.40	-3,537.93
CASH FLOW FROM FINANCING ACTIVITIES :
Proceeds from borrowings	2,099.84	348.39
Repayments of borrowings	-2,182.57	-1,298.41
Dividends paid(including tax thereon)	-839.12	-846.06
Interest, Commitment and Finance Charges paid	-133.70	-211.12
NET CASH USED IN FINANCING ACTIVITIES	-1,055.55	-2,007.20
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	-283.76	-74.63
CASH AND CASH EQUIVALENTS :
Opening Balance	842.31	917.11
Addition/deletion on account of transfer of business	-21.33	-
Unrealised Difference in Exchange	0.09	-0.17
Closing Balance	537.31	842.31

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Change in Equity

for the year ended 31st March, 2017

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A) Equity Share Capital		Rupees crores
	2017	2016
Issued and Subscribed :
Balance as at the beginning of the year	296.32	295.7
Add: Allottment of shares by ESOP Trust to Employees	0.49	0.62
Balance as at the end of the year	296.81	296.32

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B) Other Equity									Rupees crores
	Reserves and Surplus							Items of other comprehensive income
	Capital Reserve	"Securities Premium Account (refer note A)"	"General Reserve (refer note B)"	Debenture Redemption Reserve	Investment Fluctuation Reserve	Employee Stock Options Outstanding	Retained Earnings	Debt instrument through Other Comprehensive Income	Equity instrument through Other Comprehensive Income	Effective portion of Cash Flow Hedges	Total
As at 1 April 2015	10.13	2280.44	1730.44	105.01	64.59	100.68	15442.61	-1.37	-0.26	-18.53	19713.74
Profit / (Loss) for the year							3204.57				3204.57
Other Comprehensive Income / (Loss)							6.93	2	-0.04	20.87	29.76
Total Comprehensive Income for the year	0	0	0	0	0	0	3211.5	2	-0.04	20.87	3234.33
Dividend paid on Equity Shares(including tax thereon)							-846.95				-846.95
											0
Transfers to retained earnings				-100.01			100.01				0
Transfers from retained earnings				2.5			-2.5				0
Exercise of employee stock options		52.09				-52.09					0
Debenture issue expenses		-0.03									-0.03
Allotment of shares by ESOP Trust to Employees		1.52	-0.31								1.21
On account of employee stock options lapsed/forfeited			0.23			-0.23					0
Provision no longer required written back (Refer note 34)					61.48						61.48
Share based payment expense						89.14					89.14
Utilisation during the year (Refer note 34)					-126.07						-126.07
											0
As at 31 March 2016	10.13	2334.02	1730.36	7.5	0	137.5	17904.67	0.63	-0.3	2.34	22126.85

As at 1 April 2016	10.13	2334.02	1730.36	7.5	0	137.5	17904.67	0.63	-0.3	2.34	22126.85
Profit / (Loss) for the period							3955.65				3955.65
Other Comprehensive Income / (Loss)							-3.39	-0.78	0.17	6.45	2.45
Total Comprehensive Income for the year	0	0	0	0	0	0	3952.26	-0.78	0.17	6.45	3958.1
Dividend paid on Equity Shares(including tax thereon)							-841.12				-841.12
Dividend Distribution Tax											0
Transfers to retained earnings											0
Transfers from retained earnings				14.38			-14.38				0
Exercise of employee stock options		48.37				-48.37					0
Allotment of shares by ESOP Trust to Employees		1.2	-0.245								0.95
On account of employee stock options lapsed/forfeited			0.27			-0.27					0
Share based payment expense						127.965					127.965
											0
As at 31 March 2017	10.13	2383.59	1730.38	21.88	0	216.825	21001.43	-0.15	-0.13	8.79	25372.745

@*The Company has reduced the Share Capital by Rs. 13.49 crores (2016: Rs. 13.73 crores; 2015 : Rs. 14.04 crores) and Securities Premium Account by Rs. 255.58 crores (2016: Rs. 256.78 crores; 2015 : Rs. 258.30 crores) for the 2,69,73,260 shares of Rs. 5 each (2016: 2,74,61,619 shares of Rs. 5 each; 2015 : 2,80,82,384 shares of Rs. 5 each) held by the Trust pending transfer to the eligible employees.

**The Share Capital of the Company has also been reduced and the General Reserve increased by Rs. 0.25 crores (2016: Rs. 0.50 crores; 2015 : Rs. 0.81 crores) for the 508597 bonus shares of Rs. 5 each (2016: 9,96,958 bonus shares of Rs. 5 each; 2015 : 16,17,722 bonus shares of Rs. 5 each) issued by the Company in September, 2005 to the Trust but not yet transferred by the Trust to the employees.

The above monies which are treated as advance received from the Trust, is included under Other Current financial Liabilities and Other Long Term financial Liabilities.

EVERYTHING YOU NEED in one place

Financial position at a glance

Balance Sheet

10 Years At A Glance

Statement of Profit and Loss

10 Years At A Glance

Cash Flow Statement

Change in Equity