Orient Paper & Industries Ltd

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Consolidated Segment Wise RevenuePROFIT & LOSS(IN Crore)Particulars 3month Jun 10 3 month Jun 09 Year End Mar 10Segment Revenuea) Cement 284.32 215.49 894.75b) <strong>Paper</strong> & board 21.43 27.93 239.38c) Electrical consumer durables 134.74 101.83 480.84d) Other 1.085 0.853 4.76Total Operating Income 441.59 346.11 1619.752. Segment Resultsa) Cement 77.50 68.11 253.90b) <strong>Paper</strong> & board (23.31) (22.84) (43.12)c) Electrical consumer durables 9.58 15.10 61.74d) Other 0.0915 0.0984 .2617Total 63.86 60.48 272.78Add/(Less)i) Interest (Net) (10.07) (6.07) (34.53)ii) Other Un-allocable items,Investment Income andExceptional Expenditure(2.50) (3.28) (4.15)Total Profit before Tax 51.29 51.12 234.101. Revenue from cement increased by 32%, revenues from paper decreased by 23% and fromelectrical consumer durables it increased by 32% as compared to the same quarter in theprevious year.2. Interest paid by the company increased from `6.07 Cr to `10.07 Cr.3. PBT changed marginally from ` 51.12 Cr to ` 51.29 Cr.Source: Company, ACE Equity, ANS Research
FINANCIAL HIGHLIGHTS2,500.002,000.001,500.001,000.00500.000.00NETSALESP & L COMPARISONEXPEND PAT EPSPROFIT & LOSSParticulars Mar 12 E Mar 11 E Mar 10 Mar 09Net Sales 2082.83 1859.67 1,660.42 1,543.86Other Income 20.82 18.59 14.74 23.42Total Exp. 1668.99 1490.17 1,353.22 1,150.74Op. Profit 434.65 388.087 321.93 416.55Depreciation 57.84 51.6472 55.02 34.73Interest 64.88 57.9 34.53 20.70Tax 99.81 89.12 74.80 110.04PAT/ Net Profit 212.1 189.3 157.58 202.41Adjusted EPS 11.04 9.86 8.17 10.48Div (%) 150.00 150.00 150.00 150.00(IN CRORES)Mar 08 Mar 071,406.29 1,215.4321.17 16.941,062.89 969.32364.57 263.0533.86 32.9031.61 47.85108.35 63.13190.75 119.189.77 7.55120.00 100.002008 2009 2010 2011 (E) 2012 (E)1.2.3.4.*Provided that no equity dilution is done and number of shares remain the same.Net Sales have shown a CAGR of 17.3% over last 5 years. Net sales have increased at a rate of17.3% over last 5 years. In our forecast we have assumed that the company going forwardwould grow at 12%.Other Income: In our forecast we have estimated to be 1% of Net sales of that year.Total Expenditure: : Historically total expenditure was around 74%-89% of net sales and otherincome. We expect total expenditure to be 80.1% of NS and OI.Tax Expense: We have estimated the tax rate to be 32%Source: Company, ACE Equity, ANS Research
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Page 7 and 8: CASH FLOW(IN CRORES)Particulars Mar
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Orient Paper & Industries Ltd

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