Dupont Analysis ( 5 Stage )

DuPont Analysis ( 5 Stage )

• Tax burden is the proportion of profits retained after paying taxes • Interest burden shows how interest is affecting profits. If a company has no debt, the ratio will be 1. • Operating income margin is the operating income per dollar of sales • Asset turnover shows asset utilization efficiency • Equity multiplier shows financial leverage

All in Rs Cr FY 2013 2014 2015 2016 2017 2018

EBIT 2038.9 1856.17 1579.29 1886.6 1226.14 2000.82

Sales 8107.53 9134.07 9776.23 11887.35 10637.08 11004.44

EBT Net Income 2011.86 1507.11 1818.34 1388.34 1539.97 1181.09 1739.53 1462.3 1186.94 974.94 1988.92 1468.52

Total Assets Total Equity 11493.21 8869.52 12924 10091.64 14505.18 10679.71 15239.05 11985.88 15607.22 12800.51 17094.97 14113.52

FY EBIT Margin Interest Burden Tax Burden Asset Turnover Financial Leverage 2013 0.25 0.99 0.75 0.71 1.30 2014 0.20 0.98 0.76 0.71 1.28 2015 0.16 0.98 0.77 0.67 1.36 2016 0.16 0.92 0.84 0.78 1.27 2017 0.12 0.97 0.82 0.68 1.22 2018 0.18 0.99 0.74 0.64 1.21

ROE 17.0% 13.8% 11.1% 12.2% 7.6% 10.4%