RELIANCE INDUSTRIES LIMITED(Ltd.

)
Closing Price Index closing
RIL return on secu. Y BSE Sensex return on market X BETA
6/30/2007 2790.65 2959.79
9/30/2007 2672.4 -0.042374 3180.75 0.074654
12/31/2007 3264.85 0.221692 3607.13 0.13405
3/31/2008 3593.3 0.100602 3792.61 0.05142
6/30/2008 3910.4 0.088248 4244.73 0.119211
9/30/2008 4524.2 0.156966 4453.24 0.049122
12/31/2008 4741.45 0.04802 4906.87 0.101865
3/31/2009 4924.2 0.038543 5044.82 0.028114
6/30/2009 5563.7 0.129869 5838.93 0.157411
9/30/2009 5195.15 -0.066242 5695.67 -0.024535
12/31/2009 5071.9 -0.023724 5667.51 -0.004944
3/31/2010 4938.15 -0.026371 5590.6 -0.01357
1.047356
Balance sheet Rs crores

Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06

Sources of funds
Owner's fund

Equity
share
capital 3,270.37 1,573.53 1,453.39 1,393.21 1,393.17

Share
applicatio
n money - 69.25 1,682.40 60.14 -

Preferenc
e share
capital - - - - -

Reserves
& surplus 125,095.97 112,945.44 77,441.55 59,861.81 43,760.90

Loan funds
Secured
loans 11,670.50 10,697.92 6,600.17 9,569.12 7,664.90
Unsecure
d loans 50,824.19 63,206.56 29,879.51 18,256.61 14,200.71
Total 190,861.03 188,492.70 117,057.02 89,140.89 67,019.68

Uses of funds
Fixed assets
Gross
block 215,864.71 149,628.70 104,229.10 99,532.77 84,970.13

Less :
revaluatio
n reserve 8,804.27 11,784.75 871.26 2,651.97 4,650.19

Less :
accumula
ted
depreciati
on 62,604.82 49,285.64 42,345.47 35,872.31 29,253.38

Net block 144,455.62 88,558.31 61,012.37 61,008.49 51,066.56

Capital
work-in-
progress 12,138.82 69,043.83 23,005.84 7,528.13 6,957.79
Investme
nts 19,255.35 20,268.18 20,516.11 16,251.34 5,846.18

Net current assets

Current
assets,
loans &
advances 66,595.32 56,298.09 44,743.86 30,210.99 24,696.15

Less :
current
liabilities
&
provisions 51,584.08 45,675.71 32,221.16 25,858.06 21,547.00

Total net
current
assets 15,011.24 10,622.38 12,522.70 4,352.93 3,149.15

Miscellan
eous
expenses
not
written - - - - -
Total 190,861.03 188,492.70 117,057.02 89,140.89 67,019.68

Notes:

Book
value of
unquoted
investme
nts 15,563.83 18,927.65 12,746.75 9,438.20 5,322.60

Market
value of
quoted
investme
nts 8,248.22 2,930.63 53,126.09 24,454.46 780.71

Contingen
t liabilities 25,531.21 36,432.69 37,157.61 46,767.18 24,897.66

Number
of equity
sharesout
standing
(Lacs) 32703.74 15737.98 14536.49 13935.08 13935.08
Ratios Rs.crores

Per Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06
share
ratios

Reported
EPS (Rs) 49.64 97.28 133.86 85.71 65.08
Dividend
Profitab 7 13 13 11 10
ility
ratios
Operating
margin
(%) 15.6 17.01 16.76 18.26 17.87

Gross
profit
margin
(%) 10.13 13.35 13.14 13.95 13.67

Net profit
margin
(%) 8.35 10.65 14.45 10.64 11.13

return on
net worth
(%) 12.64 13.36 24.66 19.49 20.08

Return on
long term
funds (%) 11.71 11.34 17.18 19.83 18.88
Leverag
e ratios

Long term
debt /
Equity 0.44 0.59 0.35 0.32 0.36

Total
debt/equi
ty 0.48 0.64 0.46 0.45 0.48

Owners
fund as %
of total
source 67.25 60.77 68.38 68.76 67.37
Fixed
assets
turnover
ratio 0.94 1.01 1.29 1.13 0.95
Liquidit
y ratios
Current
ratio 1.29 1.23 1.39 1.17 1.15

Current
ratio (inc.
st loans) 1.11 1.08 1.01 0.77 0.83
Quick
ratio 0.76 0.9 0.93 0.68 0.67

Inventory
turnover
ratio 8.29 12.92 10.57 10.65 9.6
Payout
ratios

Dividend
payout
ratio (net
profit) 14.97 14.49 9.8 13.75 17.52

Dividend
payout
ratio
(cash
profit) 9.09 10.82 7.85 9.8 12.74

Earning
retention
ratio 84.16 85.92 86.01 86.5 82.56

Cash
earnings
retention
ratio 90.6 89.41 89.68 90.33 87.3
Coverag
e ratios

Adjusted
cash flow
time total
debt 2.42 3.53 1.97 1.64 1.75
Financial
charges
coverage
ratio 16.08 14.58 19.95 16.06 16.84

Fin.
charges
cov.ratio
(post tax)
PRFIT & LOSS A/C-- RIL Rs crores
Mar'10 Mar'09 Mar'08 Mar'07 Mar'06
12
12 Months 12 Months 12 Months 12 Months Months
INCOME:
Sales
Turnover 200,399.79 146,328.07 139,269.46 118,353.71 89,124.46
Excise
Duty 8,307.92 4,369.07 5,463.68 6,654.68 8,246.67
NET SALES 192,091.87 141,959.00 133,805.78 111,699.03 80,877.79

Other
Income 0 0 0 0 0
TOTAL
INCOME 194,285.00 143,672.38 134,577.95 112,156.03 81,466.01
EXPENDITURE:

Manufact
uring
Expenses 4,860.38 4,518.96 2,768.03 3,373.86 1,814.57

Material
Consume
d 149,741.12 108,856.78 100,699.30 80,137.05 57,608.10

Personal
Expenses 2,330.82 2,397.50 2,119.33 2,094.09 978.45

Selling
Expenses 4,123.77 3,095.27 3,229.59 3,661.45 4,733.75

Administr
ative
Expenses 2,284.63 2,203.75 2,732.47 2,137.88 1,439.32

Expenses
Capitalise
d -1,217.92 -3,265.65 -175.46 -111.21 -155.14
Provisions
Made 0 0 0 0 0
TOTAL
EXPENDITUR
E 162,122.80 117,806.61 111,373.26 91,293.12 66,419.05

Operating
Profit 29,969.07 24,152.39 22,432.52 20,405.91 14,458.74
EBITDA 32,162.20 25,865.77 23,204.69 20,862.91 15,046.96

Depreciati
on 10,496.53 5,195.29 4,847.14 4,815.15 3,400.91
Other
Write-offs 0 0 0 0 0
EBIT 21,665.67 20,670.48 18,357.55 16,047.76 11,646.05
Interest 1,999.95 1,774.47 1,162.90 1,298.90 893.61
EBT 19,665.72 18,896.01 17,194.65 14,748.86 10,752.44
Taxes 4,324.97 3,137.34 3,559.85 2,585.35 1,642.72
Profit and
Loss for the
Year 15,340.75 15,758.67 13,634.80 12,163.51 9,109.72

Non
Recurring
Items 894.92 -449.35 5,823.49 -220.11 -41.26

Other
Non Cash
Adjustme
nts 0 0 48.1 0.51 0.88

Other
Adjustme
nts 0 0 -48.1 -0.5 0
REPORTE
D PAT 16,235.67 15,309.32 19,458.29 11,943.40 9,069.34
Dividend payment Retained Earnings Correlation -0.484586
7 9
13 2
13 6
11 1
10 1