Use the filters below to get an in-depth understanding of our performance.
Values in ₹ Cr.
2020 | 2019 | ||
I) ASSETS | |||
NON-CURRENT ASSETS | |||
(a) Property, Plant and Equipment | 7,980.76 | 7,614.71 | |
(b) Capital Work-in-Progress | 1,196.68 | 706.77 | |
(c) Intangible Assets | 2,413.83 | 2,467.04 | |
(d) Intangible Assets Under Development | 2,812.78 | 1,713.02 | |
(e) Financial Assets | |||
(i) Investments | 17,748.48 | 19,032.07 | |
(ii) Loans | 138.86 | 37.55 | |
(iii) Other Financial Assets | 486.38 | 494.18 | |
(g) Income Tax Assets (Net) | 929.28 | 827.56 | |
(h) Other Non-Current Assets | 1,653.52 | 1,733.1 | |
35,360.57 | 34,626.00 | ||
CURRENT ASSETS | |||
(a) Inventories | 3,400.91 | 3,839.27 | |
(b) Financial Assets | |||
(i) Investments | 2,189.65 | 2,983.96 | |
(ii) Trade Receivables | 2,998.98 | 3,946.3 | |
(iii) Cash and Cash Equivalents | 2,323.51 | 2,237.58 | |
(iv) Bank Balances other than Cash and Cash Equivalents | 1,913.00 | 1,494.08 | |
(v) Loans | 512.02 | 673.40 | |
(vi) Other Financial Assets | 506.41 | 556.22 | |
(c) Other Current Assets | 1,297.01 | 2,321.84 | |
(d) Assets held for sale | - | 18.41 | |
15,141.49 | 18,071.06 | ||
TOTAL ASSETS | 50,502.06 | 52,697.06 | |
II) EQUITY AND LIABILITIES | |||
EQUITY | |||
(a) Equity Share Capital | 596.52 | 595.8 | |
(b) Other Equity | 33,871.32 | 33,613.43 | |
34,467.84 | 34,209.23 | ||
LIABILITIES | |||
NON-CURRENT LIABILITIES | |||
(a) Financial Liabilities | |||
(i) Borrowings | 2,032.03 | 2,031.78 | |
(ii) Other Financial Liabilities | 560.07 | 451.18 | |
(b) Provisions | 922.98 | 882.93 | |
(c) Deferred Tax Liabilities (Net) | 1,408.17 | 634.13 | |
(d) Other Non-current Liabilities | 138.15 | 153.74 | |
5,061.40 | 4,153.76 | ||
CURRENT LIABILITIES | |||
(a) Financial Liabilities | |||
(i) Borrowings | 900.00 | 448.54 | |
(ii) Trade Payables | |||
Total outstanding dues of Micro Enterprises and Small Enterprises | 102.11 | 118.98 | |
Total outstanding dues of creditors other than Micro Enterprises and Small Enterprises | 6,683.72 | 9,559.17 | |
(iii) Other financial liabilities | 1,052.85 | 956.14 | |
Other Current Liabilities | 1,422.22 | 2,362.57 | |
Provisions | 595.56 | 554.67 | |
Current Tax Liabilities (Net) | 216.36 | 200.00 | |
10,972.82 | 14,200.07 | ||
TOTAL EQUITY AND LIABILITIES | 50,502.06 | 52,697.06 |
Values in ₹ Cr.
2020 | 2019 | |
INCOME | ||
Revenue from Operations | 45,487.78 | 53,614.00 |
Other Income | 1,667.81 | 1,688.97 |
Total Income | 47,155.59 | 55,302.97 |
EXPENSES | ||
Cost of materials consumed | 22,873.74 | 27,095.07 |
Purchases of Stock-in-trade | 8,349.36 | 12,111.61 |
Changes in Inventories of Finished Goods, Stock-in-Trade and Work-in-Progress | 409.49 | (950.19) |
Employee benefits expense | 2,880.08 | 2,980.22 |
Finance costs | 113.23 | 113.39 |
Depreciation and amortisation expense | 2,222.63 | 1,860.4 |
Other expenses | 5,384.59 | 5,867.23 |
42,233.12 | 49,077.73 | |
Less : Amounts capitalised | 207.54 | 129.50 |
Total Expenses | 42,025.58 | 48,948.23 |
Profit before exceptional items and tax | 5,130.01 | 6,354.74 |
Exceptional Items (net) | (2,013.98) | (29.73) |
Profit before tax | 3,116.03 | 6,325.01 |
Tax Expense | ||
Current Tax | 996.98 | 1,179.12 |
Deferred Tax | 788.50 | 349.85 |
Profit for the year | 1,330.55 | 4,796.04 |
Other Comprehensive Income/(Loss) | ||
A. (i) Items that will not be reclassified to profit or loss | ||
(a) Remeasurements of the defined benefit plans | (11.18) | (13.60) |
(b) Equity instruments through other comprehensive income | (0.78) | (0.73) |
(ii) Income tax relating to items that will not be reclassified to profit or loss | 3.25 | 4.75 |
B. (i) Items that will be reclassified to profit or loss | ||
(a) Debt instruments through other comprehensive income | 0.68 | 1.88 |
(b) Effective portion of gains and loss on designated portion of hedging instruments in a cash flow hedge | (35.28) | 31.84 |
(ii) Income tax relating to items that will be reclassified to profit or loss | 11.21 | (11.79) |
Total Other Comprehensive Income/(Loss) | (32.10) | 12.35 |
Total comprehensive income for the year | 1,298.45 | 4,808.39 |
Earnings per equity share : | ||
(Face Value Rs. 5/- per share) (Rupees) | ||
Basic | 11.16 | 40.29 |
Diluted | 11.12 | 40.13 |
Values in ₹ Cr.
2020 | 2019 | |
A. CASH FLOW FROM OPERATING ACTIVITIES : | ||
Profit before exceptional items and tax | 5,130.01 | 6,354.74 |
Adjustments for : | ||
Depreciation and Amortisation expenses | 2,222.63 | 1,860.40 |
(Gain)/Loss on foreign exchange fluctuations (Net) | 16.48 | (28.61) |
Dividend on investment and interest income | (1,432.71) | (1,318.44) |
Net (gain) arising on financial assets measured at fair value through profit or loss | 152.66 | (115.84) |
Finance costs | 113.23 | 113.39 |
Share based payment expenses | 114.50 | 89.20 |
(Gain) on sale of current investments (Net) | (156.73) | (87.55) |
Profit on property, plant and equipment sold/scrapped/written off (net) | (73.90) | (3.30) |
Operating Profit before Working Capital changes | 6,086.17 | 6,863.99 |
Changes in : | ||
Trade and other receivables | 2,055.93 | (660.74) |
Inventories | 438.36 | (1,137.58) |
Trade and other payables and provisions | (3,820.29) | 1,292.34 |
(1,326.00) | (505.98) | |
Cash generated from operations | 4,760.17 | 6,358.01 |
Income Taxes paid (Net of refunds) | (1,082.34) | (1,434.14) |
NET CASH FROM OPERATING ACTIVITIES (A) | 3,677.83 | 4,923.87 |
CASH FLOW FROM INVESTING ACTIVITIES : | ||
Payments to acquire property, plant and equipment and other intangible assets | (3,991.93) | (3,082.14) |
Proceeds from sale of property, plant and equipment and other intangible assets | 48.26 | 50.54 |
Payments to acquire non current investments - Subsidiaries | (2,107.57) | (2,558.96) |
Payments to acquire non current investments - Associates | (24.68) | (34.45) |
Payments to acquire non-current investments - joint ventures | (142.88) | (198.72) |
Payments to acquire other non current investments | (33.46) | (2.04) |
Payments to acquire current investments | (1,11,727.63) | (1,44,592.65) |
Proceeds from sale of current investments | 1,12,756.38 | 1,45,592.59 |
Share Application money paid | (23.86) | - |
Bank Deposits placed | (2,235.57) | (1,733.00) |
Bank Deposits matured | 1,774.15 | 1,714.95 |
Interest received | 355.60 | 317.15 |
Dividends received | 1,007.35 | 889.27 |
Inter corporate deposits given | (804.06) | (1,010.00) |
Inter corporate deposits refunded | 885.61 | 1,324.50 |
Exceptional Items : | ||
Proceeds from sale of non current investments in subsidiaries, associates, joint ventures and capital receipt from M&M Benefit Trust | 1,688.57 | 774.50 |
NET CASH FLOW FROM INVESTING ACTIVITIES (B) | (2,575.72) | (2,548.71) |
C. CASH FLOW FROM FINANCING ACTIVITIES : | ||
Proceeds from borrowings | 1,312.42 | 1,048.28 |
Repayments of borrowings and lease liabilities | (983.53) | (1,420.81) |
Dividends paid(including tax thereon) | (1,187.37) | (1,011.74) |
Interest, Commitment and Finance Charges paid | (156.98) | (170.95) |
NET CASH FLOW FROM FINANCING ACTIVITIES (C) | (1,015.46) | (1,555.22) |
NET INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C) | 86.65 | 819.94 |
Cash and Cash Equivalents at the beginning of the year | 2,237.58 | 1,417.95 |
Unrealised loss on foreign currency Cash and Cash Equivalents | (0.72) | (0.31) |
Cash and Cash Equivalents at the end of the year | 2,323.51 | 2,237.58 |
A) Equity Share Capital | Rupees crores | |
2020 | 2019 | |
Issued, Subscribed and Paid-up : | ||
Balance as at the beginning of the year | 595.80 | 594.97 |
Add: Allottment of shares by ESOP Trust to Employees | 0.72 | 0.83 |
Balance as at the end of the year | 596.52 | 595.80 |
Values in ₹ Cr.
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 | Share Option Outstanding Account | 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 2018 | 346.00 | 2,160.94 | 1,730.45 | 36.26 | 229.33 | 25,205.82 | (0.79) | (4.44) | (4.50) | 29,699.07 | |
Profit for the year | - | - | - | - | - | 4,796.04 | - | - | - | 4,796.04 | |
Other Comprehensive Income / (Loss) | - | - | - | - | - | (8.85) | 1.22 | (0.73) | 20.71 | 12.35 | |
Total Comprehensive Income for the year | - | - | - | - | - | 4,787.19 | 1.22 | (0.73) | 20.71 | 4,808.39 | |
Dividend paid on Equity Shares(including tax thereon) | - | - | - | - | - | (1,011.92) | - | - | - | (1,011.92) | |
Transfers from retained earnings | - | - | - | 14.38 | - | (14.38) | - | - | - | - | |
Exercise of employee stock options | - | 89.79 | - | - | (89.79) | - | - | - | - | - | |
Allotment of shares by ESOP Trust to Employees | - | 23.83 | - | - | - | - | - | - | - | 23.83 | |
Allotment of bonus shares by ESOP Trust to Employees | - | (0.41) | (0.04) | - | - | - | - | - | - | (0.45) | |
On account of employee stock options lapsed | - | - | 0.13 | - | (0.13) | - | - | - | - | - | |
Share based payment to employees | - | - | - | - | 94.51 | - | - | - | - | 94.51 | |
As at 31st March 2019 | 346.00 | 2,274.15 | 1,730.54 | 50.64 | 233.92 | 28,966.71 | 0.43 | (5.17) | 16.21 | 33,613.43 | |
As at 1st April 2019 | 346.00 | 2,274.15 | 1,730.54 | 50.64 | 233.92 | 28,966.71 | 0.43 | (5.17) | 16.21 | 33,613.43 | |
Profit for the year | - | - | - | - | - | 1,330.55 | - | - | - | 1,330.55 | |
Other Comprehensive Income / (Loss) | - | - | - | - | - | (7.93) | 0.57 | (0.78) | (23.96) | (32.10) | |
Total Comprehensive Income for the year | - | - | - | - | - | 1,322.62 | 0.57 | (0.78) | (23.96) | 1,298.45 | |
Dividend paid on Equity Shares(including tax thereon) | - | - | - | - | - | (1,187.33) | - | - | - | (1,187.33) | |
Exercise of employee stock options | - | 87.87 | - | - | (87.87) | - | - | - | - | - | |
Allotment of shares by ESOP Trust to Employees | - | 25.93 | - | - | - | - | - | - | - | 25.93 | |
Allotment of bonus shares by ESOP Trust to Employees | - | (0.36) | - | - | - | - | - | - | - | (0.36) | |
On account of employee stock options lapsed | - | - | 2.29 | - | (2.29) | - | - | - | - | - | |
Share based payment to employees | - | - | - | - | 121.20 | - | - | - | - | 121.20 | |
As at 31 March, 2020 | 346.00 | 2,387.59 | 1,732.83 | 50.64 | 264.96 | 29,102.00 | 1.00 | (5.95) | (7.75) | 33,871.32 |
Remeasurement loss (net) on defined benefit plans Rs. 7.93 crores (2019 : Rs. 8.85 Crores) has been recognised during the year as part of retained earnings.
Values in ₹ Cr.
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 | |||||||||
2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
Gross Fixed Assets | - | - | - | - | - | - | 8,633 | 8,633 | 8,633 | 6745 |
Property, Plant and Equipment and Other Intangible Assets | 14,404 | 12,502 | 10,988 | 9,673 | 9,158 | 7,766 | 7105 | 5821 | 5088 | 3904 |
Investments | 19,938 | 22,016 | 20,583 | 17,902 | 13,547 | 13,139 | 11380 | 11834 | 10297 | 8913 |
Foreign Currency Monetary Item Translation Difference Account Asset/(Liability) | - | - | - | - | - | - | - | - | - | - |
Inventories | 3,401 | 3,839 | 2,702 | 2,716 | 2,688 | 2,438 | 2804 | 2420 | 2358 | 1694 |
Trade Receivable/Debtors | 2,999 | 3,946 | 3,173 | 2,918 | 2,512 | 2,558 | 2510 | 2208 | 1929 | 1260 |
Other Non Current/ Current Assets | 9,760 | 10,394 | 10,001 | 6,130 | 7,594 | 6,181 | 7490 | 5171 | 4098 | 3753 |
Misc. Expenditure not written off | - | - | - | - | - | - | - | - | - | - |
Borrowings | 2,932 | 2,480 | 2,864 | 2,737 | 1,844 | 2,620 | 3745 | 3227 | 3174 | 2321 |
Non Current/Current Liabilities and Provisions | 11,694 | 15,373 | 14,011 | 10,236 | 10,773 | 9,230 | 9863 | 8953 | 7964 | 6535 |
Deferred Tax Liabilities/ (Assets) (Net) | 1,408 | 634 | 277 | 695 | 460 | 222 | 890 | 615 | 527 | 355 |
Equity Capital | 597 | 596 | 595 | 297 | 296 | 296 | 295 | 295 | 295 | 294 |
Other Equity | 33,871 | 33,613 | 29,699 | 25,373 | 22,127 | 19,714 | 16496 | 14364 | 11810 | 10019 |
Net Worth | 34,468 | 34,209 | 30,294 | 25,670 | 22,423 | 20,009 | 16791 | 14659 | 12105 | 10313 |
Book Value Per Share (Rupees) | 288.91 | 287.09 | +254.59 | 432.43 | 378.36 | 338.34 | 284.26 | 248.14 | 205.32 | 175.43 |
+ Book Value Per Share is adjusted for Bonus Shares alloted in the ratio of 1:1 during December 2017.
Values in ₹ Cr.
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 | |||||||||
2020 | 2019 | 2018 | 2017 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
Income | 47,156 | 55,303 | 50,481 | 48,729 | 48439 | 44489 | 41481 | 43838 | 43962 | 34820 | 25989 |
Materials | 31,633 | 38,256 | 34,135 | 32,081 | 31803 | 29516 | 27955 | 29432 | 30425 | 23500 | 16264 |
Excise Duty | - | - | 759 | 3,330 | 3311 | 2764 | 2188 | 2612 | 2972 | 2501 | 2095 |
Employee Benefits Expense | 2,880 | 2,980 | 2,841 | 2,714 | 2595 | 2349 | 2317 | 2164 | 1866 | 1701 | 1432 |
Finance Costs/Interest | 113 | 113 | 112 | 160 | 146 | 186 | 214 | 259 | 191 | 163 | 72 |
Depreciation, amortisation and impairment expense | 2,223 | 1,860 | 1,479 | 1,526 | 1327 | 1068 | 975 | 863 | 711 | 576 | 414 |
Other Expenses | 5,177 | 5,738 | 5,487 | 4,743 | 4618 | 4390 | 3999 | 4191 | 3441 | 2881 | 2310 |
Exceptional items | (2,014) | (30) | 434 | 548 | 548 | 69 | 336 | 52 | 91 | 108 | 118 |
Profit before tax for the year | 3,116 | 6,325 | 6102 | 4723 | 5188 | 4284 | 4169 | 4369 | 4447 | 3606 | 3520 |
Tax for the year | 1,785 | 1,529 | 1,746 | 1,080 | 1232 | 1080 | 848 | 611 | 1094 | 727 | 858 |
Balance profit | 1,331 | 4,796 | 4,356 | 3,643 | 3956 | 3205 | 3321 | 3758 | 3353 | 2879 | 2662 |
Dividend (including tax thereon) | #292.15 | 1,187 | 1055 | 925 | #+928 | 841 | 847 | 963 | 894 | 869 | 803 |
Equity Dividend (%) | 47 | 170 | 150 | 260 | 260 | 240 | 240 | 280 | 260 | 250 | 230 |
Earnings Per Share (Rupees)^ | 11.16 | 40.29 | 36.64 | 30.69 | 66.70 | 26.52 | 28.12 | 31.83 | 28.43 | 24.49 | 23.11 |
# Proposed Dividend.
+ Including Income-tax on Proposed Dividend/Dividends.
^Adjusted for Bonus Shares alloted in the ratio of 1:1 during December 2017.
Values in ₹ Cr.
2020 | 2019 | |
ASSETS | ||
NON-CURRENT ASSETS | ||
Property, Plant and Equipment | 24,417.18 | 22,227.17 |
Capital Work-in-Progress | 2,551.75 | 2,454.34 |
Goodwill | 1,512.31 | 2,073.60 |
Other Intangible Assets | 3,759.78 | 4,681.97 |
Intangible Assets Under Development | 4,304.73 | 2,305.50 |
Investments accounted using Equity method | 11,229.40 | 10,790.94 |
Financial Assets | ||
(i) Investments | 1,685.38 | 1,369.94 |
(ii) Trade Receivables | 556.19 | 614.52 |
(iii) Loans | 45,945.23 | 40,515.00 |
(iv) Other Financial Assets | 1,187.72 | 828.97 |
Deferred Tax Assets (net) | 1,290.53 | 1,502.91 |
Income Tax Assets (net) | 1,897.98 | 1,797.02 |
Other Non-Current Assets | 2,623.05 | 2,823.65 |
1,02,961.23 | 93,985.53 | |
CURRENT ASSETS | ||
Inventories | 11,111.86 | 12,200.16 |
Financial Assets | ||
(i) Investments | 6,295.56 | 6,107.22 |
(ii) Trade Receivables | 6,928.28 | 8,677.89 |
(iii) Cash and Cash Equivalents | 4,745.03 | 6,139.00 |
(iv) Bank Balances other than Cash and cash Equivalents | 3,165.87 | 2,595.91 |
(v) Loans | 27,963.68 | 29,234.68 |
(vi) Other Financial Assets | 1,177.36 | 891.44 |
Other Current Assets | 2,561.29 | 3,559.74 |
Assets held for sale | 96.50 | - |
64,045.43 | 69,406.04 | |
TOTAL ASSETS | 1,67,006.66 | 1,63,391.57 |
II. EQUITY AND LIABILITIES | ||
EQUITY | ||
Equity Share Capital | 554.28 | 543.96 |
Other Equity | 39,415.03 | 39,439.45 |
Equity attributable to owners of the Company | 39,969.31 | 39,983.41 |
Non-controlling Interests | 7,691.74 | 8,360.57 |
47,661.05 | 48,343.98 | |
LIABILITIES | ||
NON-CURRENT LIABILITIES | ||
Financial Liabilities | ||
(i) Borrowings | 52,298.05 | 43,526.17 |
(ii) Trade Payables Total outstanding dues of creditors other than micro enterprises and small enterprises |
10.25 | 7.93 |
(iii) Other Financial Liabilities | 1,781.40 | 1,455.32 |
Provisions | 4,384.13 | 4,234.64 |
Deferred Tax Liabilities (net) | 1,511.89 | 2,171.31 |
Other Non-current Liabilities | 5,350.37 | 5,042.89 |
65,336.09 | 56,438.26 | |
CURRENT LIABILITIES | ||
Financial Liabilities | ||
(i) Borrowings | 10,217.53 | 10,541.01 |
(ii) Trade Payables | ||
(a) Total outstanding dues of micro enterprises and small enterprises | 147.45 | 166.98 |
(b) Total outstanding dues of creditors other than micro enterprises and small enterprises | 14,837.90 | 20,825.19 |
(iii) Other Financial Liabilities | 23,852.06 | 21,178.94 |
Other Current Liabilities | 2,902.05 | 4,141.09 |
Provisions | 1,751.54 | 1,482.45 |
Current Tax Liabilities (net) | 300.99 | 273.67 |
54,009.52 | 58,609.33 | |
TOTAL EQUITY AND LIABILITIES | 1,67,006.66 | 1,63,391.57 |
Values in ₹ Cr.
2020 | 2019 | |
INCOME | ||
Revenue from Operations | 95,179.09 | 1,04,720.68 |
Other Income | 1,062.59 | 1,085.61 |
Total Income | 96,241.68 | 1,05,806.29 |
EXPENSES | ||
Cost of Materials Consumed | 45,166.73 | 55,919.29 |
Purchases of Stock-in-Trade | 6,566.05 | 5,961.90 |
Changes in Inventories of Finished Goods, Stock-in-Trade and Work-in-Progress | 831.54 | (1,730.48) |
Employee Benefits Expense | 11,211.90 | 11,242.08 |
Finance Costs | 6,064.65 | 5,021.35 |
Depreciation and Amortisation Expense | 4,976.29 | 3,990.77 |
Other Expenses | 19,156.18 | 18,477.93 |
93,973.34 | 98,882.84 | |
Less: Amounts Capitalised | 317.58 | 356.55 |
Total Expenses | 93,655.76 | 98,526.29 |
Profit Before Exceptional Items and Tax | 2,585.92 | 7,280.00 |
Exceptional Items (net) | (1,973.89) | 224.32 |
Share of Profit / (Loss) of Associates and Joint Ventures (net) | 1,042.58 | 1,366.52 |
Profit Before Tax | 1,654.61 | 8,870.84 |
Tax Expense | ||
Current Tax | 2,314.16 | 2,350.46 |
Deferred Tax | (338.55) | 503.53 |
Profit/(Loss) for the year | (321.00) | 6,016.85 |
Other Comprehensive Income/(Loss) | ||
A. (i) Items that will not be reclassified to profit or loss | ||
(a) Remeasurements of the defined benefit plans | (44.52) | (176.14) |
(b) Equity instruments through other comprehensive income | (165.50) | (8.71) |
(c) Share of other comprehensive income / (loss) of equity accounted investees | (12.97) | (3.79) |
(ii) Income tax relating to items that will not be reclassified to profit or loss | 7.03 | 11.90 |
B. (i) Items that will be reclassified to profit or loss | ||
(a) Exchange differences in translating the financial statements of foreign operations | (69.10) | (147.13) |
(b) Debt instruments through other comprehensive income | 8.35 | 9.76 |
(c) Effective portion of gain / (loss) on designated portion of hedging instruments in cash flow hedge | (54.42) | 26.73 |
(d) Share of other comprehensive income/(loss) of equity accounted investees | 8.15 | 13.07 |
(ii) Income tax relating to items that will be reclassified to profit or loss | 49.72 | (35.42) |
Total Other Comprehensive Income/(Loss) | (273.26) | (309.73) |
Total Comprehensive Income/ (Loss) for the year | (594.26) | 5,707.12 |
Profit / (Loss) for the year attributable to: | ||
Owners of the Company | 127.04 | 5,315.46 |
Non-controlling interests | (448.04) | 701.39 |
(321.00) | 6,016.85 | |
Other Comprehensive loss for the year attributable to: | ||
Owners of the Company | (298.16) | (273.98) |
Non-controlling interests | 24.90 | (35.75) |
(273.26) | (309.73) | |
Total Comprehensive Income / (Loss) for the year attributable to: | ||
Owners of the Company | (171.12) | 5,041.48 |
Non-controlling interests | (423.14) | 665.64 |
(594.26) | 5,707.12 |
Values in ₹ Cr.
2020 | 2019 | |
A. CASH FLOW FROM OPERATING ACTIVITIES : | ||
Profit before exceptional items and Tax | 2,585.92 | 7,280.00 |
Adjustments for : | ||
Depreciation, amortisation and impairment expense | 4,976.29 | 3,990.77 |
Loss / (Gain) on foreign exchange fluctations (Net) | 202.94 | (34.22) |
Dividend on investments and interest income [excluding Rs 11,525.88 crores (2019: Rs. 9,962.80 crores) in respect of financial services business] | (530.38) | (509.87) |
Interest, commitment and finance charges [excluding Rs 5,349.32 crores (2019: Rs. 4,386.16 crores) in respect of financial services business] | 715.33 | 635.19 |
Equity-settled share-based payment expenses | 174.47 | 143.04 |
Net gain on financial instruments measured at fair value | (296.49) | (408.88) |
(Gain)/Loss on property, plant and equipment sold / scrapped / written off (net) | (53.96) | 16.31 |
5,188.20 | 3,832.34 | |
Operating Profit before Working Capital changes | 7,774.12 | 11,112.34 |
Changes in : | ||
Trade and other receivables | 2,415.01 | (278.30) |
Financial Services receivable | (3,924.73) | (13,433.40) |
Inventories | 1,316.36 | (2,276.20) |
Trade and other payables and provisions | (6,775.09) | 3,465.67 |
(6,968.45) | (12,522.23) | |
Cash generated from / (used in) operations | 805.67 | (1,409.89) |
Income Taxes paid (Net of refunds) | (2,256.60) | (2,937.40) |
Net Cash flow from Operating Activities | (1,450.93) | (4,347.29) |
B. CASH FLOW FROM INVESTING ACTIVITIES : | ||
Payment to acquire Property, Plant & Equipment and other intangible assets | (6,896.02) | (7,340.01) |
Proceeds from sale of property, plant & equipment and other intangible assets | 101.90 | 141.54 |
Payment to acquire investments | (1,98,567.80) | (1,96,473.58) |
Proceeds from Sale of investments | 1,98,131.58 | 1,95,897.54 |
Interest received (excluding financial services business) | 372.38 | 314.37 |
Dividends received from Joint venture and Associate | 695.76 | 444.60 |
Proceeds from buy-back of shares by associate | 446.31 | |
Dividends received from others | 26.28 | 21.09 |
Bank Deposits placed | (3,341.68) | (2,751.76) |
Bank Deposits matured | 2,583.41 | 2,250.65 |
Net change in Earmarked and Margin account | (150.53) | (69.99) |
Purchase of Investment in Joint ventures and Associates | (418.27) | (319.38) |
Purchase consideration paid on acquisition of Subsidiaries net of cash acquired | (58.74) | 4.97 |
Consideration received on disposal of subsidiaries | 174.59 | - |
Consideration received on disposal of Joint ventures and Associates | - | 711.79 |
Net Cash used In Investing Activities | (6,900.83) | (7,168.17) |
C. CASH FLOW FROM FINANCING ACTIVITIES : | ||
Proceeds from sale of shares by M&M Benefit Trust | 1,242.51 | - |
Proceeds from Issue of Shares to Employees by ESOP Trust | 0.53 | 1.00 |
Proceeds from borrowings | 52,617.59 | 71,389.41 |
Repayments of borrowings and lease liabilities | (43,838.52) | (56,573.82) |
Net change in Loans repayable on demand and cash credit | (628.14) | 221.82 |
Dividends paid (including dividend distribution tax paid thereon) | (1,135.09) | (937.46) |
Dividend paid to non-controlling interests (including dividend distribution tax paid thereon) | (262.93) | (196.06) |
Transactions with non-controlling interest | (303.57) | 11.98 |
Interest,commitment and finance charges paid (excluding financial services business) | (759.63) | (723.24) |
Net cash from financing activities | 6,932.75 | 13,193.63 |
Net (decrease)/ increase in cash and cash equivalents | (1,419.01) | 1,678.17 |
Cash and cash equivalents at the beginning of the year | 6,139.00 | 4,466.63 |
Unrealised gain/(loss) on foreign currency cash and cash equivalents | 25.04 | (5.80) |
Cash and cash equivalents at the end of the year | 4,745.03 | 6,139.00 |
A) Equity Share Capital | Rupees crores | |
2020 | 2019 | |
Issued, Subscribed and Paid up : | ||
Balance as at the beginning of the year | 543.96 | 543.13 |
Add: Allotment of shares by M&M ESOP Trust to Employees | 0.72 | 0.83 |
Add: Sale of shares by M&M benefit trust | 9.60 | - |
Balance as at the end of the year | 554.28 | 543.96 |
Values in ₹ Cr.
B) Other Equity | Rupees crores | |||||||||||
Attributable to owners of the Company | ||||||||||||
Reserves and Surplus | Items of other comprehensive income ** | |||||||||||
Capital Reserve on consolidation | Securities Premium Account | Shares options outstanding account | Other Reserves ** | Retained Earnings # | Debt instrument through Other Comprehensive Income |
Equity instrument through Other Comprehensive Income |
Effective portion of Cash Flow Hedges (Note 33) | Foreign currency Translation reserve | Total Other Equity | Non-controlling interests | Total | |
As at 1 April, 2018 | 1,518.13 | 2,186.86 | 229.33 | 4,227.66 | 27,823.62 | (0.79) | (20.79) | (86.15) | 354.19 | 36,232.06 | 8,250.47 | 44,482.53 |
Profit / (Loss) for the year | - | - | - | - | 5,315.46 | - | - | - | - | 5,315.46 | 701.39 | 6,016.85 |
Other Comprehensive Income / (Loss) | - | - | - | - | (122.10) | 3.86 | (9.94) | 49.55 | (195.35) | (273.98) | (35.75) | (309.73) |
Total Comprehensive Income for the year | - | - | - | - | 5,193.36 | 3.86 | (9.94) | 49.55 | (195.35) | 5,041.48 | 665.64 | 5,707.12 |
Dividend paid on equity shares (including dividend tax) | - | - | - | - | (937.46) | - | - | - | - | (937.46) | (196.06) | (1,133.52) |
Transfers to Retained Earnings | - | - | - | (81.48) | 81.48 | - | - | - | - | - | - | - |
Transfers from Retained Earnings | - | - | - | 389.49 | (389.49) | - | - | - | - | - | - | - |
Exercise of employee stock options | - | 89.79 | (89.79) | - | - | - | - | - | - | - | - | - |
Allotment of shares by M&MESOP Trust to employees | - | 23.83 | - | - | - | - | - | - | - | 23.83 | - | 23.83 |
Allotment of Bonus shares by M&MESOP Trust to Employees | - | (0.41) | - | (0.04) | - | - | - | - | - | (0.45) | - | (0.45) |
On account of employee stock options lapsed | - | - | (0.13) | 0.13 | - | - | - | - | - | - | - | - |
Share-based payment to employees | - | - | 94.51 | - | - | - | - | - | - | 94.51 | 64.72 | 159.23 |
Transactions with non-controlling interest and changes in Group's Interest | - | - | - | - | (89.25) | - | - | - | - | (89.25) | 67.94 | (21.31) |
Cumulative impact of adoption of Ind AS 115 | - | - | - | - | (925.27) | - | - | - | - | (925.27) | (492.14) | (1,417.41) |
As at 31 March, 2019 | 1,518.13 | 2,300.07 | 233.92 | 4,535.76 | 30,756.99 | 3.07 | (30.73) | (36.60) | 158.84 | 39,439.45 | 8,360.57 | 47,800.02 |
As at 1 April, 2019 | 1,518.13 | 2,300.07 | 233.92 | 4,535.76 | 30,756.99 | 3.07 | (30.73) | (36.60) | 158.84 | 39,439.45 | 8,360.57 | 47,800.02 |
Profit / (Loss) for the year | - | - | - | - | 127.04 | - | - | - | - | 127.04 | (448.04) | (321.00) |
Other Comprehensive Income / (Loss) | - | - | - | - | (42.11) | 3.92 | (164.98) | (124.98) | 29.99 | (298.16) | 24.90 | (273.26) |
Total Comprehensive Income for the year | - | - | - | - | 84.93 | 3.92 | (164.98) | (124.98) | 29.99 | (171.12) | (423.14) | (594.26) |
Dividend paid on Equity Shares(including tax thereon) | - | - | - | - | (1,135.09) | - | - | - | - | (1,135.09) | (262.93) | (1,398.02) |
Transfers from Retained earnings | - | - | - | 125.67 | (125.67) | - | - | - | - | - | - | - |
Transfers to Retained earnings | - | - | - | (187.07) | 187.07 | - | - | - | - | - | - | - |
On business combinations during the year | - | - | - | - | - | - | - | - | - | - | 6.98 | 6.98 |
Exercise of employee stock options | - | 87.87 | (87.87) | - | - | - | - | - | - | - | - | - |
Allotment of bonus shares by M&MESOP Trust to Employees | - | (0.36) | - | - | - | - | - | - | - | (0.36) | - | (0.36) |
Allotment of shares by M&MESOP Trust to Employees | - | 25.93 | - | - | - | - | - | - | - | 25.93 | - | 25.93 |
On account of employee stock options lapsed | - | - | (2.29) | 2.29 | - | - | - | - | - | - | - | - |
Share-based payment to employees | - | - | 121.20 | - | - | - | - | - | - | 121.20 | 41.83 | 163.03 |
Sale of shares by M&M Benefit Trust | - | (4.80) | - | - | 1,237.71 | - | - | - | - | 1,232.91 | - | 1,232.91 |
Transactions with non-controlling interest and changes in Group's Interest | - | - | - | - | (6.41) | - | - | - | - | (6.41) | 14.49 | 8.08 |
Cumulative impact of adoption of Ind AS 116 | - | - | - | - | (91.48) | - | - | - | - | (91.48) | (46.06) | (137.54) |
As at 31 March, 2020 | 1,518.13 | 2,408.71 | 264.96 | 4,476.65 | 30,908.05 | 6.99 | (195.71) | (161.58) | 188.83 | 39,415.03 | 7,691.74 | 47,106.77 |
C) Other Reserves | ||||||||||||
Capital Redemption Reserve | Capital Reserve | Debenture Redemption Reserve | General Reserve | Statutory reserve | Total | |||||||
As at 1 April 2018 | 73.69 | 23.52 | 236.65 | 3,058.51 | 835.29 | 4,227.66 | ||||||
Transfer from Retained Earnings | - | - | 115.04 | 80.08 | 194.37 | 389.49 | ||||||
Transfer to Retained Earnings | - | - | (80.62) | - | (0.86) | (81.48) | ||||||
Allotment of bonus shares by M&M ESOP Trust to employees | - | - | - | (0.04) | - | (0.04) | ||||||
On account of employee stock options lapsed | - | - | - | 0.13 | - | 0.13 | ||||||
As at 31 March 2019 | 73.69 | 23.52 | 271.07 | 3,138.68 | 1,028.80 | 4,535.76 | ||||||
As at 1st April 2019 | 73.69 | 23.52 | 271.07 | 3,138.68 | 1,028.80 | 4,535.76 | ||||||
Transfer from Retained Earnings | - | - | 11.26 | - | 114.41 | 125.67 | ||||||
Transfer to Retained Earnings | - | - | (187.07) | - | - | (187.07) | ||||||
On account of employee stock options lapsed | - | - | - | 2.29 | - | 2.29 | ||||||
As at 31 March, 2020 | 73.69 | 23.52 | 95.26 | 3,140.97 | 1,143.21 | 4,476.65 |
a)The Company has reduced the Share Capital by Rs.13.27 crores (2017: Rs.13.49 crores)
and Securities Premium Account by Rs. 254.54 crores (2017: Rs. 255.58 crores) for
2,65,47,211 shares of Rs. 5 each (2017: 2,69,73,260 shares of Rs. 5 each) held by
M&MESOP Trust pending transfer to the eligible employees.
b) The Share Capital of the Company has also been reduced
and the General Reserve increased by Rs. 0.04 crores (2017: Rs. 0.25 crores) for 82,548
bonus shares of Rs. 5 each (2017: 5,08,597 bonus shares of Rs. 5 each) issued by the
Company in September, 2005 to M&MESOP Trust.
c) The Company has also reduced the Share Capital by Rs.
25.92 crores (2017: Rs. 25.92 crores) and Retained Earnings by Rs. 1,433.85 crores
(2017: Rs. 1,433.85 crores) for 5,18,35,214 shares of Rs. 5 each (2017: 5,18,35,214
shares of Rs. 5 each) held by M&MBenefit Trust.
d) The Share Capital of the Company has also been reduced and
the Securities Premium Account increased by Rs. 39.23 crores (2017: Rs. Nil) for 2,66,29,759
bonus shares of Rs. 5 each (2017: Nil) issued by the Company in December, 2017 to
M&MESOP Trust and for 5,18,35,214 bonus shares of Rs. 5 each (2017: Nil) issued by
the Company in December, 2017 to M&MBenefit Trust.
Values in ₹ Cr.
As at 31st Mar 2020 | AS at 31st Mar 2019 | |
A) ASSETS | ||
1 Non-current assets | ||
Property, Plant and Equipment | 9,624.02 | 9,352.81 |
Capital work-in-progress | 1,963.74 | 866.77 |
Intangible assets | 2,427.07 | 2,500.39 |
Intangible assets under development | 2,894.49 | 1,776.96 |
Financial Assets | ||
- Investments | 15,343.27 | 17,383.60 |
- Loans | 138.86 | 37.55 |
- Other financial assets | 638.85 | 655.34 |
Income tax assets (net) | 1,145.44 | 1,039.75 |
Other non-current assets | 1,808.64 | 1,861.45 |
Total Non - Current Assets | 35,984.38 | 35,474.62 |
2 Current assets | ||
Inventories | 4,040.81 | 4,763.14 |
Financial Assets | ||
- Investments | 2,189.65 | 3,242.58 |
- Trade receivables | 2,901.23 | 3,811.92 |
- Cash and cash equivalents | 2,323.52 | 2,292.30 |
- Bank balances other than cash & cash equivalents | 1,913.00 | 1,539.76 |
- Loans | 512.27 | 823.61 |
- Other financial assets | 583.68 | 582.78 |
Other current assets | 1,369.37 | 2,367.94 |
Assets held for sale | - | 18.41 |
Total Current Assets | 15,833.53 | 19,442.44 |
Total Assets (1+2) | 51,817.91 | 54,917.06 |
B) EQUITY AND LIABILITIES | ||
Equity | ||
Equity Share capital | 596.52 | 595.80 |
Other Equity | 34,032.57 | 34,397.91 |
34,629.09 | 34,993.71 | |
Liabilities | ||
(i) Non-current liabilities | ||
Financial Liabilities | ||
- Borrowings | 2,039.63 | 2,231.71 |
- Other financial liabilities | 589.23 | 452.43 |
Provisions | 977.29 | 1,056.55 |
Deferred tax liabilities (Net) | 1,506.79 | 789.64 |
Other non-current liabilities | 138.15 | 153.74 |
Total Non - Current Liabilities | 5,251.09 | 4,684.07 |
(ii) Current liabilities | ||
Financial Liabilities | ||
- Borrowings | 1,113.38 | 448.54 |
- Trade payables | ||
(a) Total outstanding dues of Micro Enterprises and Small Enterprises | 116.70 | 140.06 |
(b) Total outstanding dues of creditors other than Micro Enterprises and Small Enterprises | 7,083.91 | 10,220.60 |
- Other financial liabilities | 1,393.28 | 1,207.25 |
Other current liabilities | 1,405.13 | 2,464.03 |
Provisions | 600.85 | 558.80 |
Current Liabilities (Net) | 224.48 | 200.00 |
Total Current Liabilities | 11,937.73 | 15,239.28 |
Total Equity and Liabilities (3+4) | 51,817.91 | 54,917.06 |
Values in ₹ Cr.
Year Ended | ||
31st March | ||
2020 | 2019 | |
Amount | Amount | |
Net Revenue from operations | 44865.52 | 52848.21 |
Expenses : | ||
Material costs | 29866.76 | 35997.66 |
Employee benefits expense | 3223.69 | 3283.02 |
Depreciation, amortisation and impairment expense | 2363.06 | 2003.00 |
Other expenses (net of amounts capitalised) | 5424.51 | 6037.47 |
Total expenses (a+b+c+d) | 40878.02 | 47321.15 |
Profit from operations before other income & finance costs (1 - 2) | 3987.50 | 5527.06 |
Other income | 1539.13 | 1630.26 |
Profit from ordinary activities before finance costs (3 + 4) | 5526.63 | 7157.32 |
Finance costs | 124.51 | 146.69 |
Profit from ordinary activities after finance costs but before exceptional items (5 - 6) | 5402.12 | 7010.63 |
Exceptional items (net) | (2811.15) | (22.71) |
Profit from ordinary activities before tax (7 + 8) | 2590.97 | 6987.92 |
Tax expenses | 1851.26 | 1586.74 |
Net Profit from ordinary activities after tax (9 - 10) | 739.71 | 5401.18 |
Other comprehensive income/(loss) after tax | (38.69) | 13.28 |
Total comprehensive income after tax (11 + 12) | 701.02 | 5414.46 |
Values in ₹ Cr.
Year Ended | ||
31st March | ||
2020 | 2019 | |
Amount | Amount | |
Segment Revenue : (Net sales & operating income) | ||
Automotive | 27808.26 | 34615.17 |
Farm Equipment | 15402.45 | 16874.65 |
Others | 1937.73 | 1725.11 |
Total | 45148.44 | 53214.93 |
Less : Intersegment Revenue | 282.92 | 366.72 |
Net sales & operating Income | 44865.52 | 52848.21 |
Segment Results: | ||
Automotive | 1682.41 | 2782.28 |
Farm Equipment | 2926.23 | 3265.11 |
Others | 72.58 | 50.77 |
Total Segment Results | 4681.22 | 6098.16 |
Finance costs | (124.51) | (146.69) |
Other unallocable income (net) (including exceptional items) | (1965.74) | 1036.45 |
Profit/(loss) before tax | 2590.97 | 6987.92 |
Capital Employed : (Segment assets - Segment liabilities) | ||
Automotive | 12245.99 | 9336.59 |
Farm Equipment | 3764.50 | 4548.31 |
Others | 541.14 | 514.43 |
Total Segment Capital Employed | 16551.63 | 14399.33 |