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www.industry20.com MARCH 2012 PRICE 100 A 9 9 MEDIA PUBLICATION VOLUME 11 ISSUE 07 MANAGEMENT Effective negotiation requires a willingness to compromise TECHNOLOGY Shadow IT can become a big source of risks and problems STRATEGY Master the art of listening to obtain better insights How 2500+ companies manage demand and supply to drive business results BEST INDIA’S SUPPLY CHAINS

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Page 1: Industry 2.0 March 2012

www.industry20.com March 2012 PrIcE 100a 99 MEDIa PUBLIcaTION VOLUME 11 ISSUE 07

INDUSTRY 2.0 - TEC

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LOG

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RCH 2012 VO

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ManageMent Effective negotiation

requires a willingness to compromise

technology Shadow IT can

become a big source of risks and problems

Strategy Master the art of

listening to obtain better insights

How 2500+ companies manage demand and supply

to drive business results

BeStIndIa’S

Supply chaInS

Page 2: Industry 2.0 March 2012
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www.industry20.com 1 industry 2.0 - technology management for decision-makers | march 2012

A chance conversation with the head of IT at a leading engineer-ing company poignantly brought home the practical challenges

of getting advanced technology solutions to play nice in the manufacturing environ-ment. The company has engaged one of India’s leading IT solution providers to put in a sophisticated plant automation solution. The system will collect data from many operational equipment and control systems, and will integrate it with the MRP and ERP systems. The top management understands that putting in the technology will help the organisation compete ef-fectively in the marketplace, and improve factory operations dramatically. They have supported the decision.

The components and software for the project have been sourced from the best vendors in the business, and the job of getting this done has been entrusted to a specialist. One year down the line, the IT head is frustrated and angry. The system still does not work the way it was prom-ised. Recurring glitches and problems have dramatically slowed the schedule. The IT head is under tremendous pres-sure from the senior management to get the solution operational—and then extend it to more plants. Not surprisingly, he is reluctant to make more commitments to using technology for manufacturing.

Technology vendors will be quick to

point out that such situations are an aberration, rather than the norm. And that they have hundreds, if not thousands, of successful deployments in the field that are working well. But this case has some valuable lessons for all technology and operational leaders looking to marry IT to manufacturing. The first is the knowl-edge gap. Traditional IT experts have little experience with control systems and plant automation systems. Many of these sys-tems were hitherto proprietary and closed, and did not have robust and simple ways to get data in and out. When operational managers want near real-time information on plant operations and productivity, IT heads have to figure out a way to bring the data together. Add in legacy systems, and you have a recipe for complexity.

Another lesson is that even the best system integrators may not have the full complement of skills and talent to get your project done. So, you need to choose your partners carefully, and ensure that all lines of collaboration are open between the participants. Finally, make sure that all technology claims are care-fully validated. Use your own knowledge, and that of your peers, to question as-sumptions. Do frequent and incremental deployments to test the solution, instead of waiting for a big-bang launch. Getting IT into manufacturing can be tough, but the pain will be worth it.

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Marrying Technology to Manufacturing

VOL. 11 | ISSUE 07 | MARCH 2012

Page 4: Industry 2.0 March 2012

www.industry20.com2 march 2012 | industry 2.0 - technology management for decision-makers

contents

departments

Editorial ......................................01Industry Update ......................... 04Techwatch...................................14Event Report ............................. 20Bookshelf ................................ 148Product Update ....................... 150

advertiser index

Komet India ................................ fcExxon Mobil .........................Ifc, 13Mitsubishi ..................................... 3Havell’s India ................................ 5Schneider ..................................... 7Hitachi ................................. 10, 11Bonfiglioli ................................... 17Power Build Ltd ..........................19Elcon ...........................................21cHEP ........................................32-AOmron .......................................152Taguetec ....................................IBcGW Precision ..............................Bc

In its Ninth Annual Report, Industry 2.0 looks at how companies are managing demand and supply to drive business results. This year’s Supply Chain Metrics covers more than 2,500 organisations, and examines the operational effectiveness of supply chains through their impact on the financial performance.

24 Ranking Methodology and Process

27 Sectoral Analysis

Cover Story

Cover Design: Anil VK | Imaging: Peterson

opinion146“There is a lot of room to make magic.”

Bernard Charles and Bertrand Sicot of DS Solidworks Corp

mAnAgement & strAtegy134 Executive’s Guide to Better Listening Strong listening skills can make a critical

difference to the performance of senior executives. Bernard Ferrari analyses the reasons, and provides tips to cultivate this valuable skill

144 Lessons in Negotiation Corporate leaders can learn many

lessons from the way the Jan Lokpal Bill is being negotiated

information technology 140 Managing Shadow IT The advent of cloud services and mobile

computing has made it important for senior managers to understand and appreciate the risks of using these technologies within the organisation

Industry Sector Large Companies

SMB Companies

Auto Ancillary 40 70Automobile 42 74Cement 42 74Chemicals 44 74Cosmetics, Toiletries, Soaps & Detergents 46 80

Crude Oil & Natural Gas 46 82Diversified 46 82Drugs & Pharmaceuticals 48 82Electrical Equipment 50 86Electrical Machinery & Tools 50 88Electricity Generation 50 90Electronics 50 90Ferrous Metals 52 92Food Products 56 98Gems & Jewellery 58 102Glass, Ceramics & Refractories 58 104

Leather & Leather Products 58 104Minerals 58 104Non-Electrical Machinery 60 106Non-Ferrous Metals 60 108Non-Metallic Mineral Products 62 110

Paper, Books, Cards & Wood Products 62 110

Polymers & Plastic Products 62 114Real Estate 62 118Retail Trading 64 118Steel Tubes & Pipes 64 120Textiles 64 120Tyres, Tubes & Rubber Products 68 132

Wires & Cables 68 132

Page 5: Industry 2.0 March 2012

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Page 6: Industry 2.0 March 2012

industry update

www.industry20.com4 march 2012 | industry 2.0 - technology management for decision-makers

Kobelco Cranes India (KCI) has commenced commercial produc-tion at its hydraulic crawler crane

manufacturing plant. The new facility located at Sri City, in the Chittoor district of Andhra Pradesh will produce 90 units of 100, 150 and 250-tonne cranes during 2012. KCI expects to invest approximately Rs 100 crore in the production facility, and will plan another round of invest-ment in 2013. The 40,000 sq mt plant is Kobelco’s first production facility outside Japan that specialises in the manufacture of complete crawler cranes.

The company is planning to achieve 35 per cent localisation in 2012, and gradu-ally increase it to 50 per cent. Shinsuke Izumi, President and Director, KCI believes that local manufacturing will significantly reduce the cost of cranes and expects that locally made products will be priced between Rs 2.5 to 10 crore each.

Kobelco Crane Factory Begins Operations

Geometric Develops Free CAD Viewer

SunEdison has commissioned a 5 MW plant in Phalodi, Rajas-than. Spread over a sprawling

44 acres, the plant employs thin-film PV technology to generate electricity. Speaking on the occasion, Pashupa-thy Gopalan, Managing Director, South Asia and Sub-Saharan Operations for SunEdison said, “Commissioning the plant in less than three months is a significant milestone for us.”

Connected to the national grid, the plant is expected to generate 80,00,000 KWh of electricity in its first full year of operation, and offset carbon emissions of up to 3,000 metric tonnes every year. The plant will supply power to NTPC Vidyut Vyapar Nigam (NVVN). SunEdison has also put in place a 33 KV transmission line from the project site to the Bap substation.

SunEdiSOn COmmiSSiOnS RajaSthan Plant

Mahindra Solar One has commissioned its first 5 MW grid connected solar plant

near Jodhpur in the state of Rajasthan. The project was implemented in a record time of 100 days. Speaking on the occasion Anand Mahindra, Vice Chairman and Managing Director of Mahindra & Mahindra said, “We are proud to be amongst the first in India to deploy solar technology under the JNNSM scheme. We aim to be one of the top three companies in this

industry.” The plant is expected to provide solar electricity to around 60,000 rural homes, and eliminate emissions of approximately 8,000 tonnes of carbon dioxide per year. Set up in 2010 as a subsidiary of Mahindra Cleantech Ventures, Mahindra Solar One is a joint venture between Kiran Energy and the Mahindra group. The company has already won 50 MW of solar projects in Jawaharlal Nehru National Solar Mission (JNNSM) Phase 1B.

Mahindra Solar Commissions First 5 MW Solar Plant

Geometric Software, a provider of Product Lifecycle Management (PLM) solutions, has launched an

extensible and customisable 3D visualisa-tion tool called Glovius that enables ubiqui-tous consumption of product design data. Glovius runs on Windows, and is available as an app for iOS and Android systems.

Glovius for Windows is a free viewer with an add-on based architecture, and operates on the industry standard JT file format. The viewer can be extended through add-ons to import CAD files from multiple platforms like CATIA V5, NX, Pro/ENGINEER, Creo, SolidWorks, Autodesk

Inventor, STEP and IGES. Glovius is also available as a toolkit along with rich Ap-plication Programming Interfaces (APIs) for building custom solutions.

“Glovius is a strategic initiative for Geometric. It will enable us to build

solutions across various applications for our enterprise customers. Today, high fidelity 3D product design data is consumed using expensive, difficult to use, proprietary applications, with limited customisation and interoperability abilities. Glovius helps organisations expand the reach of 3D data beyond traditional CAD and PLM users. It is an easy to use, on-the-go and customisable tool to enable these new users to view high fidelity 3D data in an affordable manner,” explains Manu Parpia, Managing Director and Chief Executive Officer, Geometric.

Page 7: Industry 2.0 March 2012
Page 8: Industry 2.0 March 2012

industry update

www.industry20.com6 march 2012 | industry 2.0 - technology management for decision-makers

Praj Industries (Praj), a renew-able energy and environmental

technologies provider, has taken a majority stake in Neela Systems for approximately Rs 64 crore. Neela is a Mumbai-based company with business interests in water treatment and modular process systems, and is focussed on biotech, pharma, life sciences and cosmetics industries. “Praj was scouting for acquisitions in the area of water and wastewater treatment. Neela is a good fit as it ad-dresses areas where we want to build a stronger presence,” says Pramod Chaudhari, Chairman, Praj Industries. Neela will continue to operate as an independent entity, even though it has become a subsidiary of Praj.

Oil Field Warehouse & Services (OWS) has acquired Raamns

Shipping & Logistics (RSL), a Kakinda-based company. With this acquisition, OWS aims to strengthen its activity and base in the east coast, particularly in Kakinada, Vizag and Chennai. “This ac-quisition will add value to the existing services being provided by OWS. Our customers will have a wider bouquet of services through a single point of contact,” says Vinay Sharma, Manag-ing Director, OWS.

Tube Investments has set up a 60-acre facility near Chennai to

manufacture hydraulic cylinder tubes for excavation and earth-moving equipment. The plant, with a capac-ity of 3,000 tonnes a month, involves an investment of Rs 200 crore. The company’s other tube plants are in Chennai, Shirwal and Mohali. Speaking about the facility, L Ramkumar, Manag-ing Director says, “The new facility will cater to the domestic market. We will explore export opportunities later.”

Tyre manufacturer Ceat plans to set up a Rs 250-crore, 65 tpd plant in Bangladesh. Production is scheduled to commence in FY 2013. Of the total production capacity, 80 per cent will be truck and light-truck tyres, and

the remainder will be tyres for two, three-wheeler and last-mile vehicles. Anant Goenka, Deputy Managing Director, Ceat says, “Over the next three years, we will be looking at increasing our market share in Bangladesh. We already have a strong presence in Sri Lanka and hope to replicate the same in Bangladesh.” Approximately, 80 per cent of the raw material for the plant will be imported.

PRaj SECuRES StaKE in nEEla SyStEmS

OWS aCquiRES RSl

nEW tuBES Plant

Ceat Plant for Bangladesh

Standard, a brand of Havells India, has introduced a new range of High Temperature Resistant (HTR) flame

retardant cables. The cables are designed to sustain the high temperature rise that occurs when the voltage is low but the current passing through wires is high—especially during overloads.

The cables are available in four variants for different applications—PVC insulated single core HTR FR copper conductor industrial cables (unsheathed and sheathed) 1100 Volts, coaxial TV Cables, and telephone switchboard cables.

Anil Gupta, Managing Director, Havells India says, “This is yet another endeavour to provide our customers with a wide range of products that are designed to meet exacting international standards, while delivering a high degree of reliability and safety.”

Supply chain solutions provider Gati has entered into an agreement with

Japanese logistics services firm Kintetsu World Express (KWE) to form a joint venture that will merge the express dis-tribution and supply chain businesses of both the firms. Gati will hold a majority stake of 70 per cent in the joint venture called Gati-Kintetsu Express.

“We will transfer our express dis-tribution and supply chain business to the new joint venture,” says Mahendra Agarwal, Founder and Chief Executive Officer, Gati. KWE will be infusing Rs 267 crore as its 30 per cent share in the joint venture through a combina-

tion of primary and secondary acquisition of shares. Agarwal added that debt amounting to nearly Rs 330 crore will be transferred to the new venture, while the remaining debt will be assigned to the coastal

shipping business. As of June 30, 2011, the company’s consolidated debt was Rs 468.34 crore.

The Gati-KWE venture expects to combine Gati’s expertise in 3PL (third party logistics) and express distribution in India with KWE’s freight forwarding expertise and global customer base. The joint venture will also invest in high-end 3PL facilities, including temperature-controlled warehouses.

Standard Unfurls Flame Retardant Cables

Gati, Kintetsu Form Alliance

Page 9: Industry 2.0 March 2012

Make the most of your energySM

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Products: Our complete catalogue of power solutions, featuring our leading brands such as APC™ by Schneider Electric and Gutor™, offers an unmatched range of single- and three-phase UPS units, rectifiers, inverter systems, active filters, and static transfer switches from 1 kVA to several MVAs.

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Page 10: Industry 2.0 March 2012

industry update

www.industry20.com8 march 2012 | industry 2.0 - technology management for decision-makers

TI Cycles is planning to set up a

facility to make aluminium frame bicycles. The

company plans to invest about Rs 6 crore, and the facility will come up at TI Cycles’ existing plant in Ambattur, Chennai in the next nine months. Currently, TI makes carbon steel bicycles that are at the lowest end of the value chain.

“We will start making aluminium bicycles for the local market. Once we showcase our capability, we will get export opportunities,” says an optimistic L Ramkumar, Managing Director, Tube Investments. The aluminium bicycles are expected to be priced between Rs 7,000 and 25,000. Ramkumar adds that a few international bicycle makers have expressed interest to buy the aluminium bicycles from TI.

The metering and protection systems business of L&T crafted a strategic partnership with UK-based Cyan Holdings for the development, supply and delivery of advanced metering solutions. L&T electricity meters will be

integrated with Cyan’s wireless communication modules for AMI, Smart Metering and Smart Grid Pilot projects. Both companies have projects in India that require 865 MHz-based interoperable wireless AMI for end-to-end communications that enable remote tamper detection and reporting. L&T has an installed base in excess of 12 million meters.

Greenko Group has announced plans to commission 165 MW wind energy farms in Maharash-

tra by May, taking its installed power generation capacity from the current 220 MW to 385 MW. Managing Director and CEO of Hyderabad-based Greenko, Anil Chalamalasetty informed that the wind energy assets will be located in Satara district of Maharashtra. The

company currently has 120 MW of hydel power, 80 MW of biomass plants and a liquid fuel powered plant.

Greenko Group has entered into a strategic venture with the US-based GE (General Electric) for the implementa-tion of wind farms in the country. Under the phase one of its expansion plan, Greenko plans to set up projects with a total capacity of 500 MW by 2014-15.

Reliance has contracted with GE to expand its Samalkot power plant in Andhra Pradesh to a 2,400 MW gas turbine combined-cycle project. This will be the largest such facility in India. Under the agreement, GE will sup-

ply six Frame 9FA Gas Turbines, three D-11 Steam Turbines, along with technical direction for installation, training and performance testing for the project. The ex-panded power plant will feature 24x7 remote monitoring and diagnostics from GE’s operation centres in Bangalore and Atlanta, USA. The fuel for the 9FA Gas Turbine combined-cycle blocks at the Samalkot plant expansion will be natural gas. The plant will produce additional power without an increase in fuel consumption.

Ring Plus Aqua, the auto com-

ponent business arm of Raymond, has acquired Pune-based forged component maker Trinity India. This marks Ring Plus Aqua’s entry into the forging industry, and adds to its current portfolio of auto components which includes flywheel ring gears, flexplate assemblies, integral shaft bearings, and sheet metal pulleys. Commenting on the acquisition, Harshal Jayavant, Presi-dent, Engineering Business at Raymond says, “This move significantly strength-ens our position in the global automo-tive power train domain. We are now looking at added revenue of Rs 80 crore in the current financial year”.

TI to Make Aluminium Frame Bicycles

Greenko to Add Wind Plants

GE to Augment Reliance Plant

Raymonds in Forging Sector

L&T Partners Cyan for Metering

Engineering major Greaves Cotton has

rolled out its three mil-lionth light diesel engine. Speaking on the occa-sion, Managing Director and CEO Sunil Pahilajani said,” Greaves Cotton’s customer-centric approach with ability to adapt to evolving market dy-namics has made it a formidable player in the light engines business. Our grow-ing presence in the four-wheeler small commercial vehicles (SCV) market is a

testimony to our strong in-house R&D and manufac-turing capabilities.”

In December 2004, Greaves Cotton reached the million light diesel

engine mark, followed by the second million in May 2009. The three mil-lionth engine roll-out comes less than three years after the second milestone. In addition to the four wheeled seg-ment, Greaves engines cater to trac-tors and off-road applications too.

GREavES COttOn maKES thiRd milliOn

Page 11: Industry 2.0 March 2012

www.industry20.com 9 industry 2.0 - technology management for decision-makers | march 2012

A Memorandum of Understanding (MoU) has been signed between

ELCINA and Vittal Innovation City (VIC) to set up a joint venture to promote clusters for electronics component and equipment manu-facturing across the country. The first cluster is expected to come up in North India, near NCR in one year. The cluster aims to combine knowledge-based services, manufac-turing, R&D and incubation activities in one location. The first model clus-ter will consist largely of SMEs that manufacture electronic components and products for the consumer electronics, power electronics and lighting industry.

“We are excited to work with Vittal Innovation City, for our electron-ics manufacturing cluster. They bring with them global expertise to build an innovation-led cluster which includes design, innovation, R&D, manpower development and incubation,” says Pawan Sharma, Vice President of ELCINA. Each cluster will be about 100 acres in size, attract investments cumulating upto Rs 1,000 crore, and create over 15,000 direct jobs.

State-owned Steel Authority of India (SAIL) will be investing Rs

1,600 crore to set up a universal rail mill with 1.2 million tonne capacity at its Bhilai facility in Chhattisgarh. The mill is likely to be operational by next year, and will produce heavy rails for the first time in India.

SAIL Chairman CS Verma says, “The new Universal Rail Mill will produce single 130-metre rails. The mill has been designed to produce heavier rail sections up to 75 kg/m and head-hardened rails for the first time in India.” SAIL is the sole sup-plier of rails to the Indian Railways.

ElCina, viC SiGn aGREEmEnt

Sail tO SEt uP nEW univERSal Rail mill

Manjushree Technopack, a Bangalore-based specialty packaging products company,

will be investing Rs 150 crore to set up two new facilities at Bidadi and Harohalli industrial areas of Bangalore. After expansion, the company’s PET preforms manufacturing capacity will exceed 6 MTPA, and PET bottles to 2 MTPA.

Managing Director Vimal Kedia explains, “We will increase the capacity of PET preforms by 50,000 MTPA by the end of 2012. We expect to close FY12 with a turnover of Rs 300 crore compared with Rs 215 crore in FY11. We will continue to tap the huge opportunities presented by the FMCG sector, particularly beverages. Pharma and liquor will be the other fast growing segments for us.”

Wind turbine manufacturer Suzlon has bagged over 1 GW of orders for its S9X suite of wind turbines. The S9X features larger rotor diameters, increased hub heights and technology enhancements, like the doubly fed induction generator

(DFIG) technology that result in 14 to 19 per cent higher power output when compared to earlier designs. The new model can harness power efficiently from lower wind speed.

The S9X turbines are already operational in India, Australia and USA. The company has received significant orders from Mytrah Energy, CLP India, Orient Green Power, Coromandel Wind Energy, and Sprott Energy among others. Speaking on this milestone, Tulsi Tanti, Chairman, Suzlon Group says, “The S9X suite is an evolution of our proven, reliable S88 platform. Reaching the 1 GW mark in such a short time period, and the exceptional ‘out of the box’ performance also underscores the strength of our R&D process.”

HP has unveiled the world’s first all-in-one workstation with

a 27-inch diagonal, 2560x1440 pixel LED-backlit IPS display capable of handling one billion colours. Built for computer-aided design, digital media and entertainment professionals, the HP Z1 delivers extremely fast rendering and high performance. While the system ships with Intel HD graphics, it is designed to work with a full range of workstation-class Nvidia Quadro graphics cards and Intel Xeon processors. The tool-less chassis enables users to snap open the case, and quickly swap out parts to make upgrades. The workstation has four memory slots supporting up to 32 GB of DDR3 ECC RAM, and can accommodate up to two internal 2.5-in. HDDs in SATA, SSD and RAID configurations for data

storage. The system is equipped with a HD 1080p 2.0 MP webcam, 2 USB 3.0 slots, and a slot-load optical drive.

The new HP Z1 Workstation is expected to be available worldwide in April, with pricing starting at $1,899. The system is tested and certified to work with leading industry design applications running on Windows 7 and Linux.

New PET Manufacturing Units

Power Efficient Wind Turbines

HP Launches World’s First All-in-one Workstation

Page 12: Industry 2.0 March 2012

PowerWatch

Page 13: Industry 2.0 March 2012

PowerWatch

Page 14: Industry 2.0 March 2012

industry update

Tata Communications will be ac-quiring a 5.76 per cent stake in

Tamil Nadu-based Green Infra Wind Generation to use power from alter-nate energy sources. The company has planned to buy 10 million units of power, which is about 30 per cent of its annual power requirement in Tamil Nadu, from Green Infra.

Tata Communications already has an agreement with Green Infra to procure 13 million units. The additional procurement will take Tata Communication’s purchases to 23 million units. The company has sought government approval for executing the deal.

Renewable energy has become important for telecom companies in the wake of TRAI’s recent direction to all telecom service providers to ensure that part of the power that is used for the towers comes from renewable sources. Under the new rules, at least 50 per cent of all towers, and 20 per cent of the urban towers are to be powered by hybrid energy sources (renewable and grid) by 2015. The move is aimed at reducing carbon emissions due to increased dependence on diesel.

Dutch manufacturers of machinery for food processing and packaging (GMV) and the Karnataka State Agricultural Produce Process and Export Corpora-tion (KAPPEC) have signed an MoU for cutting-edge technologies in food

processing and packaging. The government has retained Mahindra Consulting Engi-neers and PricewaterhouseCoopers as a knowledge partner and transaction advisor to take the venture forward.

GMV has 90 members covering dairy and liquid foods, general foods (meat, fish, vegetables, potatoes and fruits), bakery, animal feed and packaging. KAPPEC Managing Director Dr Vishakanta said 300 projects have been identified, especially in agri infrastructure, high-tech agriculture, post-harvest technologies and agri logistics, under the Bounteous Karnataka—a Sustainable Agribusiness Initiative. The MoU was signed by GMV President Jan Hak and Vishakanta, in the presence of Karnataka Chief Minister DV Sadananda Gowda, Agriculture Minister Umesh Katti, and Industries Minister Murugesh Nirani.

Electrical laminations maker Pitti Laminations (PLL) will be com-

pleting a Rs 31-crore expansion of its existing manufacturing facilities near Hyderabad. The company’s capacity will henceforth rise from the current level of 25,000 tonnes per annum to 35,000 tonnes. The expansion is in line with the rise in demand for electrical laminations used for making motors, alternators, DC machines and railway applications. The domestic consumption is around 300,000 TPA, with about 200,000 tonnes coming from four to five play-ers in the organised sector.

Toshiba JSW Turbine and Generator (a

75:25 joint venture between Toshiba and JSW group) has inaugurated its super critical steam turbine and generator manufacturing facility in Chennai. The facility will produce high-efficiency steam turbines and generators for super critical thermal power plants, in generating capacities ranging from 500 to 1,000 MW. The plant will have an annual production capacity of 3,000 MW by the end of FY 2012.

Toshiba JSW has also announced plans to double manufacturing capac-ity to 6,000 MW by FY 2015, when

it will aim for $400 million in sales. The expansion will also see Toshiba JSW increase its employee base in India to 500 over the next three years, from

around 200 today. The initial produc-tion from the plant will be shipped to customers in India, and subsequent output will also be exported to other economies in Southeast Asia and the Middle East. Norio Sasaki, President and Chief Executive Officer, Toshiba, said, “We are delighted to celebrate the official inauguration of this important facility. I believe this operation will also contribute to the development of the Indian economy.”

Covidien, a manufacturer of medical devices, has set up its first research

and development (R&D) centre in India. Apart from designing products to suit local market needs, the 40,000 sq ft facility is expected to utilise India’s talent pool to provide a range of engineering services for the company’s medical products business.

Arjun Sarker, Managing Di-rector, Indian sub-continent, Covidien, said the business focus in India would be on surgical solutions and medical

devices. Robert Frechette, Vice Presi-dent (Engineering Services) for Covidien says, “The Indian healthcare devices market is part of our focus on emerging markets.”

tElECOS mOvE tO REduCE CaRBOn

Dutch Machinery Manufacturers, KAPPEC Sign MoU

Pitti ExPandS hydERaBad FaCility

Toshiba Inaugurates Turbine Factory

Covidien Focusses on Healthcare Devices

www.industry20.com12 march 2012 | industry 2.0 - technology management for decision-makers

Page 15: Industry 2.0 March 2012

SpaceClaim, Sigmatek Simplify CAD

SpaceClaim, a provider of direct modelling software that enables engineers to work in 3D, and

Sigmatek Systems, a CAD/CAM nesting system for plasma, laser, punch, oxyfuel, waterjet, router, knife, tube-pipe and combination cutting machines, have announced that SpaceClaim Engineer software can be directly integrated with SigmnaNEST. The integration enables SpaceClaim users to seamlessly transition from 3D CAD to NC programming for virtually all cutting machines.

James Lindsey, Sigmatek product manager says, “Direct model to shop-floor production eliminates the need to export models into often unreliable neutral file formats. This slashes downstream rework, accelerates productivity, and ensures that design integrity is maintained.”

Rich Moore, Vice President of Business Development at SpaceClaim adds, “This integration allows customers to easily nest parts for manufacturing without having to know complex and expensive traditional feature-based CAD systems.”

Reliance Industries (RIL) and Sibur are collaborating to form a new joint venture (JV), Reliance Sibur

Elastomers, to produce 100,000 tonnes of butyl rubber per year in Jamnagar, Gujarat. This is the first JV for manufac-turing butyl rubber in India, and the new company will become the fourth largest supplier of butyl rubber in the world.

The JV will cater to the demand for synthetic rubber from Indian automo-tive industry which amounts to 75,000 tonnes per year, and is met by imports. Reliance share in the JV will by 74.9 per cent, while Sibur will hold the bal-

ance. The JV will invest $450 million to construct the facility and is expected to be commissioned in mid-2014. Reliance and Sibur have also signed a technology licence agreement to facilitate use of Si-bur’s proprietary production technology.

New JV to Make Butyl Rubber

TRF (a Tata Enterprise) and Schade Lagertechnik GmbH have entered into a strategic cooperation agreement to give TRF the right to manufacture and market Schade’s yard equipment in India.

Under this agreement, Schade, Germany will provide TRF the necessary know-how, assistance and key components for making high capacity yard equipment, including stackers, portal scraper reclaimers, circular storage systems and wagon tippers.

Commenting on the deal, Sudhir Deoras, Managing Director of TRF said the agreement will enable Indian users to access world-class German technology at competitive prices since the high capacity bulk material handling equipment will be made at TRF’s Jamshedpur plant.

GE Energy ¬is taking a major-ity stake in Vadodara-based Advanced Systek, a leading

supplier of oil terminal automation systems and flow metering solutions.

Commenting on the deal, Umed Fifadra and Mukesh Kapadia, Joint Managing Directors of Advanced Systek say, “Our electronic measurement devices and au-tomation software will be complement-

ed by GE Energy’s strengths in measure-ment instrumentation, diagnostics and performance optimisation offerings, to create an overall solutions business with strong local capabilities.”

TRF, Schade Sign Co-op Deal

GE Acquires Vadodara-based Advanced Systek

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techwatch

www.industry20.com14 march 2012 | industry 2.0 - technology management for decision-makers

Nano-Oils Keep Electronics CoolR

esearchers at Rice Univer-sity, USA have developed a nano-infused oil that could greatly enhance the ability of

devices as large as electrical transform-ers and as small as microelectronic components to shed excess heat.

The Rice team, headed by Jaime Taha-Tijerina and postdoctoral research-er Tharangattu Narayanan focussed their efforts on transformers for energy systems. Transformers are filled with mineral oils that cool and insulate the windings inside. The researchers discov-ered that a very tiny amount of hex-agonal boron nitride (h-BN) particles, two-dimensional cousins to carbon-based graphene, suspended in standard transformer oils are highly efficient at removing heat from a system. Naray-anan says, “We found that 0.1 weight percentage of h-BN in transformer oil

enhances it by nearly 80 per cent.”Narayanan said the h-BN particles,

about 600 nanometres wide and up to five atomic layers thick, disperse well in oil and, unlike highly conductive graphene, are highly resistant to elec-tricity. With help from co-author Matteo Pasquali, a Rice professor of chemical and biomolecular engineering and of chemistry, the team determined that the oil’s viscosity is minimally affected by the presence of the nanoparticle fillers.

“Our research shows that with new materials and innovative approaches, we can add enormous value to applications that exist today in industry,” says Ajayan, Rice’s Benjamin M and Mary Greenwood Anderson Professor in Mechanical Engineering and Materials Science and Chemistry. “Thermal management is a big issue in industry, but the right choice of

materials is important; for transformer cooling, one needs dispersants in oils that take heat away, yet remain electrically insulating. Moreover, the two-dimensional nature of the fillers keeps them stable in oils without settling down for long periods of time.”

Rice University researcher Tharangattu Narayanan, left, and graduate student Jaime Taha-Tijerina, have developed a nanoparticle-infused oil that is up to 80 per cent more efficient in keeping transformers cool

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New Technique for Shaping Thin Gel SheetsInspired by nature’s ability to shape a

petal, and building on simple tech-niques used in photolithography and printing, researchers at the University

of Massachusetts have developed a new tool for manufacturing three-dimensional shapes easily and cheaply.

Ryan Hayward and Christian Santangelo say that their new method of halftone gel lithography for photo-patterning polymer gel sheets could help biomedical researchers to direct cells cultured in a laboratory to grow into the correct shape to form a blood vessel or a specific organ. “We wanted to develop a strategy that would allow us to pattern growth with some of the same flex-ibility that nature does,” Hayward explains.

Many plants create curves, tubes and other shapes by varying growth in adjacent areas. While some leaf or petal cells expand, other nearby cells do not, and this contrast causes buckling into a variety of shapes,

including cones or curly edges. A lily petal’s curve, for example, arises from patterned areas of elongation that define a specific three-dimensional shape. Building on this concept, Hayward and colleagues developed a method for exposing ultraviolet-sensitive thin polymer sheets to patterns of light. The amount of light absorbed at each position on the sheet, programmes the amount that this region will expand when placed in contact with water, thus mimicking nature’s ability to direct certain cells to grow while suppressing the growth of others.

The technique involves spreading a 10-micrometer-thick layer (about five times thinner than a human hair) of polymer onto a substrate before exposure. Areas of the gel exposed to light become cross-linked, restricting their ability to expand, while nearby unexposed areas will swell like a sponge as they absorb water. As in nature, this patterned growth causes the gel to

buckle into the desired shape. Unlike in nature, however, these materials can be repeatedly flattened and reshaped by drying out and rehydrating the sheet.

The researchers have made a variety of simple shapes including spheres, saddles and cones, as well as more complex shapes such as minimal surfaces. Santangelo and Hayward also borrowed an idea from the printing industry that allows them to make complicated patterns in a very simple way. Most high-volume printing relies on ‘halftoning’, in which only a few ink colours are used to print varied-sized dots. Smaller dots take up less space and allow more white light to reflect from the paper, so they appear as a lighter colour shade than larger dots. This concept applies equally well to patterning the growth of their gel sheets. Rather than trying to make smooth patterns with many different levels of growth, they were able to simply print dots of highly restricted growth and vary the dot size to programme a patterned shape. Santangelo says, “By directly transferring the image onto the soft gel with half-tones of light, we direct its growth.”

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www.industry20.com 15 industry 2.0 - technology management for decision-makers | march 2012

New Nanoglue is Thin and StrongEngineers at the University of California, Davis, have invented a superthin

‘nanoglue’ that could be used in new-generation microchip fabrication. “The material itself (say, semiconductor wafers) would break before the

glue peels off”, remarks Tingrui Pan, a professor of biomedical engineering. Conventional glues form a thick layer between two surfaces. Pan’s nanoglue,

which conducts heat and can be printed, or applied, in patterns, forms a layer the thickness of only a few molecules. The nanoglue is based on a transparent, flexible material called polydimethylsiloxane, or PDMS, which, when peeled off a smooth surface usually leaves behind an ultrathin, sticky residue that research-ers had mostly regarded as a nuisance. Pan and his colleagues realised that this residue could instead be used as glue, and enhanced its bonding properties by treating the residue surface with oxygen.

The nanoglue could be used to stick silicon wafers into a stack to make new types of multilayered computer chips. Pan said he thinks it could also be used for home ap-plications—for example, as double-sided tape, or for sticking objects to tiles. The glue only works on smooth surfaces and can be removed with heat treatment.

Nanopatterned surfaces can improve efficiency of power plants and desalination systems

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Enhance Efficiency

The condensation of water is crucial to the operation of most power plants that provide electric-ity—whether fuelled by coal,

natural gas or nuclear fuel. It is also the key to producing potable water from salty or brackish water. But there are still large gaps in the scientific understanding of exactly how water condenses on the sur-faces used to turn steam back into water.

New research by a team at MIT offers important new insights into how these droplets form, and ways to pattern the collecting surfaces at the nanoscale to encourage droplets to form more rap-idly. These insights could enable a new generation of significantly more efficient power plants and desalination plants, the researchers say.

Nenad Miljkovic, Ryan Enright and as-sociate professor Evelyn Wang.

Although analysis of condensa-tion mechanisms is an old field, Nenad Miljkovic says, it has re-emerged in recent years with the rise of micro and nanopat-terning technologies that shape condens-ing surfaces to an unprecedented degree. The key property of surfaces that influ-ences droplet-forming behaviour is known as ‘wettability’, which determines whether droplets stand high on a surface like water drops on a hot griddle, or spread out quickly to form a thin film.

It’s a question that’s key to the opera-tion of powerplants, where water is boiled using fossil fuel or the heat of nuclear fis-sion; the resulting steam drives a turbine attached to a dynamo, producing electric-ity. After exiting the turbine, the steam needs to cool and condense back into liquid water, so it can return to the boiler and begin the process again.

Typically, on a condensing surface, droplets gradually grow larger while adhering to the material through surface tension. Once they get so big that gravity overcomes the surface tension hold-ing them in place, they rain down into a container below. But it turns out there are

ways to get them to fall from the surface at much smaller sizes, long before gravity takes over. That reduces the size of the removed droplets, and makes the result-ing transfer of heat much more efficient, Miljkovic says. One mechanism is a surface pattern that encourages adjacent droplets to merge together. As they do so, energy is released, which “causes a recoil from the surface, and droplets will actually jump off,” Miljkovic says.

By incorporating measurements of droplet growth rates and heat transfer into their computer models, the MIT team was able to compare a variety of approaches to the surface patterning and find those that actually provided the most efficient transfer of heat. One approach has been to create a forest of tiny pillars on the surface: Droplets tend to sit on top of the pillars while only locally wetting the surface rather than wetting the whole surface, minimising the area of contact and facilitating easier release. But the exact sizes, spacing, width-to-height ratios and nanoscale roughness of the pillars

can make a big difference in how well they work, the team found.

“We showed that our surfaces improved heat transfer up to 71 per cent (compared to flat, non-wetting surfaces currently used only in high-efficiency condenser systems) if you tailor them properly,” Miljkovic says. With more work to explore variations in surface patterns, it should be possible to improve even further, he says.

The enhanced efficiency could also improve the rate of water production in plants that produce drinking water from seawater, or even in proposed new solar-power systems that rely on maximis-ing evaporator (solar collector) surface area and minimising condenser (heat exchanger) surface area to increase the overall efficiency of solar-energy collec-tion. A similar system could improve heat removal in computer chips. Research is now underway to extend the finding.

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www.industry20.com16 march 2012 | industry 2.0 - technology management for decision-makers

Gold Nanowires Detect Gases

Researchers at the University of Pittsburgh have coaxed gold into nanowires as a way of

creating an inexpensive material for detecting poisonous gases found in natural gas. Along with colleagues at the National Energy Technology Labora-tory (NETL), Alexander Star, Associate Professor of chemistry in Pitt’s Kenneth P Dietrich School of Arts and Sciences, developed a self-assembly method that uses scaffolds to grow gold nanowires.

“Chip-based sensors that rely on nanomaterials for detection would be less expensive and more portable as workers could wear them to monitor poisonous gases, such as hydrogen sul-fide,” says Star. Star and his research team determined gold nanomaterials would be ideal for detecting hydrogen sulfide owing to gold’s high affinity for sulfur. “To produce the gold nanowires, we suspended nanotubes in water with gold-containing chloroauric acid,” says Star. “The gold reduced and formed nanoparticles on the outer walls of the tubes. The result was a highly conductive jumble of gold nanowires and carbon nanotubes.” The team could detect gas at levels as low as five ppb (parts per billion). They could also detect hydrogen sulfide in complex mixtures of gases.

Spider Silk Conducts Heat WellX

inwei Wang, an associate professor of mechanical engineering at Iowa State, had a hunch that spider webs were worth a closer look. So he ordered eight spiders—Nephila

clavipes, golden silk orbweavers—and put them to work spinning webs. Spider silk has some interesting properties: it’s very strong, very stretchy, only four-microns thick (human hair is about 60 microns) and,

according to some speculation, could be a good conductor of heat. But nobody had actu-ally tested spider silk for its thermal conductivity.

Wang, who studies thermal conductivity decided to test spider silk. He’s been looking for organic materials that can effectively transfer heat. It’s something diamonds, copper and aluminum are very good at; most materials from living things aren’t very good at all.

What Wang and his research team found was that spider silks—particularly the draglines that anchor webs in place—conduct heat better than most materials, including very good conductors such as silicon, aluminum and pure iron. Spider silk also conducts heat 1,000 times better than woven silkworm silk, and 800 times better than other organic tissues.

“Our discoveries will revolutionise the conventional thought on the low thermal conductivity of biological materials,” says Wang. Spider silk conducts heat at the rate of 416 watts per metre Kelvin. Copper measures 401. And skin tissues measure 0.6. “This is very surprising because spider silk is organic material,” Wang observes. “For organic material, this is the highest ever.” Even more surprising, he said, is when spider silk is stretched, thermal conductivity also goes up. Wang said stretching spider silk to its 20 per cent limit also increases conductivity by 20 percent. Most materials lose thermal conductivity when they’re stretched. This discovery could lead to spider silk helping to create flexible, heat-dissipating parts for electronics, better clothes for hot weather, bandages that don’t trap heat and many other everyday applications. According to Wang, the unusual heat-carrying properties of spider silk can be attributed to the defect-free molecular structure of spider silk, including proteins that contain nanocrystals and the spring-shaped structures connecting the proteins.

Spider silk from golden silk orbweavers have surprising thermal properties

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Oxide Thin Films Could Revolutionise Electronic DevicesResearchers from North Carolina

State University have developed functional oxide thin films that can

be used efficiently in electronics, opening the door to an array of new high-power devices and smart sensors. This is the first time that researchers have been able to produce positively charged (p-type) conduction and negatively charged (n-type) conduction in a single oxide material.

To create functional electronic devices, you need materials with a “p-n junction”.

Solid state silicon electronics achieved this decades ago, but are limited by the amount of power and temperature they can handle. Oxide materials are an attrac-tive alternative to silicon because they can handle more power. However, attempts to pair different p-type and n-type oxide materials previously ran into problems at the interface of the two materials—the p-n junction was always inefficient.

“We avoided this problem by using the same material for p and n-type conduction,”

says Dr Jay Narayan, Professor of Materi-als Science and Engineering at NC State. Specifically, Narayan’s team used lasers to create positively charged nickel oxide (NiO) thin films, then converted the top layer of those films to n-type. Because they could control the thickness of the n-layer, the researchers were able to control the depth and characteristics of the p-n junction.

The development of oxide electronics will allow for the creation of a host of new technologies in a wide array of fields.

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techwatch

www.industry20.com18 march 2012 | industry 2.0 - technology management for decision-makers

Smart, Self-Healing Hydrogels Reveal New Possibilities Bio-engineers at the University of

California San Diego, have created a self-healing hydrogel that binds in

seconds, and forms a bond strong enough to withstand repeated stretching. The mate-rial has numerous potential applications, including medical sutures, targeted drug delivery, industrial sealants and self-healing plastics.

Hydrogels are made of linked chains of polymer molecules that form a flexible, jelly-like material similar to soft-tissues. Until now, researchers have been unable to develop hydrogels that can rapidly repair themselves when a cut was in-troduced, limiting their potential appli-cations. A team led by Shyni Varghese overcame this challenge with the use of “dangling side chain” molecules that extend like fingers on a hand from the pri-mary structure of the hydrogel network,

These bonded hydrogels can be rapidly attached and separated by changing the pH levels

Tiny Droplets Could Have Big Impact U

nder a microscope, a tiny drop-let slides between two fine hairs like a roller coaster on a set of rails until it suddenly spreads.

That instant of change, like the popping of soap bubble, comes so suddenly that it seems almost magical. But describing it, and mapping out how droplets stretch into tiny columns, is a key to understand-ing how liquids affect fibrous materials from air filters to human hair. And that knowledge allows scientists to better describe why water soaks into some materials, beads atop others and leaves others matted and clumped.

To get those answers, an international team of researchers led by scientists at Princeton University made a series of close observations of how a liquid spreads along flexible fibres. They were able to

In the researchers’ study of natural fibres, oil applied to goose feathers shows how droplets of smaller volumes spread along the fibres and cause clumping, while larger droplets do not

Picture courtesy of Camille Duprat and Suzie Protière

construct a set of rules that govern the spreading behaviour, including some unex-pected results. The researchers found that a key parameter was the size of the liquid drop. “That surprised us,” said Camille Duprat, a postdoctoral researcher in the Department of Mechanical and Aerospace Engineering. The research team was able

to determine drop sizes that maximised wetting along certain fibres, which could allow for increased efficiency in industrial applications of liquids interacting with fibrous materials—from cleaning oil slicks to developing microscopic electronics. The team also discovered a critical drop size above which the drop would not spread along the fibres, but would remain perched like a stranded roller coaster car.

The researchers found that the critical parameters governing how drops interact with flexible fibres were the size of the droplet, the flexibility and radii of the fibres, and the geometry of the fibre array (such as the space and angle between pairs of fibres). The experiment examined the behaviour of a droplet placed on a pair of flexible glass fibres that was clamped at one end and free at the other. When the drop was placed at the clamped end of the pair, the fibres bent inward and the drop moved toward the free end. As the drop moved further out, the fibres bent more, and the drop accelerated and elongated. At some point, the drop spontaneously spread and formed a liquid column be-tween the now-coalesced fibres.

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and enable them to grasp one another.“Self-healing is one of the most

fundamental properties of living tissues that allows them to sustain repeated damage,” says Varghese. “The benefits of creating such an aqueous self-healing material would be far-reaching in medicine and engineering.”

To design the side chain molecules of the hydrogel, Varghese and her collabora-tors performed computer simulations of

the hydrogel network. The simulations revealed that the ability of the hydrogel to self-heal depended largely on the length of the side chain molecules. Hydrogels having an optimal length of side chain molecules exhibited the strongest self-healing. When two cylindrical pieces of gels featuring these optimised fingers were placed together in an acidic solution, they stuck together instantly. Varghese’s lab further found that by simply adjusting the solution’s pH levels up or down, the pieces weld (low pH) and separate (high pH) very easily.

Such healing material could also be use-ful in the field of energy conservation and recycling where self-healing materials could help reduce industrial and consumer waste, according to Varghese. The rapidity of self-healing in response to acids makes the material promising in sealing leakages from containers containing corrosive acids.

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www.industry20.com20 march 2012 | industry 2.0 - technology management for decision-makers

Pramod Pawar, VP & GM India Op-erations for Siemens Industry Software focussed on the role of technology solutions in enabling manufacturing excellence, enhancing innovation and product improvement. He also touched on the role of IT department in facilitating design and innovation in the organisation

The event also featured a demon-stration of engineering worksta-tions from HP that incorporate special technology to improve operational reliability and increase designer productivity

event report

AccelerAting MAnufActuring

InnovatIonIncreasing competition, diminishing product lifecycles, and growing pressure on costs

are compelling manufacturers to continuously think about new ways to differentiate themselves in the marketplace, and remain profitable. To combat these challenges,

design and engineering departments have to look at new ways and techniques to remain ahead of the game. They need to design products quicker, test them more effectively, reduce costs, add new features, comply with a multitude of quality and regulatory standards, and collaborate effectively with numerous suppliers.

Industry 2.0 in association with HP India, Intel and Siemens Industry software, organised an event in Pune on ways to accelerate manufacturing innovation. The evening event was attended by more than 35 engineering, design and technology managers from leading manufacturing companies. The event featured a variety of talks by industry experts and experienced practitioners, and concluded with an interactive panel discussion that debated a wide range of issues concerning innovation. A product demonstration of advanced engineering workstations was arranged to enable attendees experience the benefits of latest technology developments.

Anurag Gupta, Country Category Manager for Workstations with HP India looked at the key challenges confronting product designers, and showed how traditional design workflows and paradigms will need to be rethought to dramatically improve speed and productivity

A panel discussion on boosting innovation in engineering examined the impact of systems, technologies, processes and leadership—and concluded that all would be needed to facilitate better collaboration and greater efficiency. Participating in the discussion were Vinay Chandra Awasthi, Senior Director, Personal Systems Group, HP; Shishir Chaphekar, Director-IT, Emerson; Krishnamurthy Vishwanathan, VP-IT, Eaton; Pramod Pawar, VP and GM India Operations, Siemens Industry Software; B Suryanarayanan, Director-Marketing, Intel Technology India; and Ved Prakash Singh, GM-IT, JCB India

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www.industry20.com22 march 2012 | industry 2.0 - technology management for decision-makers

COVER STORYCOVEr stOry

Page 25: Industry 2.0 March 2012

COVER STORY

industry 2.0 - technology management for decision-makers | march 2012www.industry20.com 23

supply chain metricssupply Chain mEtriCs

Industry 2.0 looks at how companies manage demand and

supply to drive business results

This issue marks the ninth year of our Annual Supply Chain Metrics Report. The goal of this intensive exercise, which this year involves more than 2,500 organisations, is to examine the operational effectiveness of supply chains through their impact on the organisational financial performance. In the next few pages we identify the leaders and innovators—and hope that they will inspire the supply chain community to improve their own operations.

I n s I d e24 | Ranking methodology and process27 | Sectoral Performance40 | Large companies, by industry sector70 | SMB companies, by industry sector

BestIndIa’s

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supply chain metricssupply chain metrics

www.industry20.com24 march 2012 | industry 2.0 - technology management for decision-makers

Rising commodity prices, spiralling transportation costs, unreliable infrastruc-ture and complex regulatory

issues make it tough to run supply chains in India. Couple these challeng-es to burgeoning consumer demand, new business models and increased stakeholder expectations—and you quickly realise that supply chain managers have their task cut out to keep the wheels of commerce hum-ming along. Our annual study of supply chain management (SCM) metrics for India’s manufacturing and distribution companies looks at how organisations are doing.

The ninth annual analysis of supply chain management (SCM) indicators for India’s top companies looks at the way companies manage the procurement and distribution of goods. Since SCM is usually a complex process that involves many vendors, partners and processes, our study is based on published financial data that provides an overall view of the supply chain operations within an organisation. Metrics that involve customer-linked mea-sures like ‘order fulfilment time’, ‘percent-age on-time delivery’, etc, have not been covered in this report.

by Aman Shukla

Distribution of Companies by SectorS.No Industry Sector SMB Large Total

1 Auto Ancillary 126 60 1862 Automobile 18 32 503 Cement 18 26 444 Chemicals 152 63 2155 Cosmetics, Toiletries, Soaps & Detergents 17 16 336 Crude Oil & Natural Gas 6 12 187 Diversified 10 18 288 Drugs & Pharmaceuticals 127 63 1909 Electrical Equipment 41 24 65

10 Electrical Machinery & Tools 38 5 4311 Electricity Generation 5 4 912 Electronics 87 34 12113 Ferrous Metals 155 79 23414 Food Products 127 72 19915 Gems & Jewellery 7 6 1316 Glass, Ceramics & Refractories 32 18 5017 Leather & Leather Products 15 5 2018 Minerals 12 12 2419 Non-Electrical Machinery 79 33 11220 Non-Ferrous Metals 46 14 6021 Non-Metallic Mineral Products 18 7 2522 Paper, Books, Cards & Wood Products 88 15 10323 Polymers & Plastic Products 113 27 14024 Real Estate 7 9 1625 Retail Trading 53 24 7726 Steel Tubes & Pipes 19 17 3627 Textiles 296 91 38728 Tyres, Tubes & Rubber Products 27 13 4029 Wires & Cables 17 12 29

Grand Total 1756 811 2567

Make a MarkSupply ChainsEfficient

Page 27: Industry 2.0 March 2012

supply chain metrics methodologymethodology

industry 2.0 - technology management for decision-makers | march 2012 25www.industry20.com

Overall Financial Performance of Large Companies

S.No Industry SectorNumber of Companies

2010

Average Net Sales

Average PAT

Average ROCE

Sales CAGR 2005-10

PAT CAGR 2005-10

1 Auto Ancillary 60 773.64 40.08 8.84 18.97 111.092 Automobile 32 4,561.72 429.19 17.35 21.65 135.293 Cement 26 2,182.97 324.86 17.14 23.27 170.434 Chemicals 63 1,735.40 120.93 11.22 14.83 120.385 Cosmetics, Toiletries, Soaps & Detergents 16 2,512.00 287.08 44.00 17.48 120.726 Crude Oil & Natural Gas 12 6,6216.39 2,629.17 8.96 16.97 117.367 Diversified 18 2,231.30 124.58 10.88 20.30 124.678 Drugs & Pharmaceuticals 63 1,143.34 185.52 13.33 20.02 130.669 Electrical Equipment 24 1,502.72 145.61 16.22 25.36 143.57

10 Electrical Machinery & Tools 5 448.35 41.31 20.66 27.97 126.6711 Electricity Generation 4 1,439.07 161.93 15.31 18.85 142.2212 Electronics 34 1,535.20 100.56 14.43 18.58 133.8913 Ferrous Metals 79 1,932.48 155.79 6.36 17.98 109.5614 Food Products 72 1,679.64 115.60 8.33 22.34 118.4815 Gems & Jewellery 6 2,284.23 103.81 13.08 30.86 179.6616 Glass, Ceramics & Refractories 18 704.18 59.07 9.71 20.58 121.4917 Leather & Leather Products 5 564.70 31.19 12.03 14.50 0.00018 Minerals 12 4,416.90 1,059.31 19.91 13.87 131.5319 Non-Electrical Machinery 33 1,857.29 203.30 15.59 22.10 135.6620 Non-Ferrous Metals 14 3,934.04 608.45 12.56 18.90 123.9021 Non-Metallic Mineral Products 7 637.84 57.80 15.18 19.26 125.1322 Paper, Books, Cards & Wood Products 15 925.52 83.04 6.77 19.66 132.9723 Polymers & Plastic Products 27 878.17 61.96 7.68 18.10 157.4424 Real Estate 9 6,954.04 742.35 16.54 26.18 149.1425 Retail Trading 24 1,619.74 38.03 8.48 28.68 126.4526 Steel Tubes & Pipes 17 1,759.64 139.45 10.25 20.81 145.3927 Textiles 91 909.30 58.60 3.25 18.38 127.0228 Tyres, Tubes & Rubber Products 13 1,912.34 118.59 14.65 17.09 169.1929 Wires & Cables 12 932.69 59.24 9.09 32.84 155.25

Calculating the Composite Score for the Supply Chain RankingCategory Parameter Ranking Logic Rank Weight

Inventory

Finished Goods Holding Period Lower value is better 50%

Work in Progress Holding Period Lower value is better 50%

Raw Material Holding Period Lower value is better 50%

Cash-to-cash Cycle Time Creditors Days Available Lower value is better 30%

Debtors Days Available Higher value is better 30%

Financial Health Indicators

Cost of Goods Sold (as % of sales) Lower value is better 20%

Fixed Assets Turnover Ratio (FATR) Higher value is better 20%

PBIDTA (as % of sales) Higher value is better 20%

The ProcessFor our analysis, we used the Prowess database from the Centre for Monitor-ing of Indian Economy (CMIE) to source data. This database is a comprehensive and authentic source of financial infor-mation on the Indian industry, and is regularly updated. Readers should note that there has been no attempt to refer to annual reports of companies or any other database except CMIE-Prowess for this analysis. Manufacturing and dis-tribution companies—spanning a wide variety of sectors—were selected from

the CMIE Prowess database for analysis.

For a company to be a part of this year’s supply chain rankings, it was necessary that complete data for financial years 2009 and 2010 be available in the CMIE Prowess database. Additional filtering was performed to eliminate companies for which the database had missing or error values (for selected parameters).

Our analysis was done on two sample sets. The first set represents large companies (net annual sales in excess of

Rs 300 crore), and the second set SMBs (net annual sales between Rs 10 to Rs 300 crore). The principal reason for distinguishing between SMBs and large companies was to eliminate the size bias that would influence the ranking of SMBs. This year we had a total of 1,756 companies in the SMB set, and 811 large companies. The companies in both sets were subsequently segregated by industry sector (a total of 29 industry sectors for SMBs and large companies). Sectors with less than 10 representative companies were eliminated from our

Page 28: Industry 2.0 March 2012

supply chain metricssupply chain metrics

www.industry20.com26 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Overall Financial Performance of SMB CompaniesS.No Industry Sector Total Companies

(2010)Average Net sales

Sales CAGR (2005-10)

Average ROCE

Average PAT

PAT CAGR (2005-10)

1 Auto Ancillary 126 124.09 17.55 8.29 10.45 33.752 Automobile 18 106.83 12.41 24.26 -3.73 1.003 Cement 18 118.73 18.48 8.36 12.19 -264.734 Chemicals 152 90.38 15.45 7.71 4.76 20.075 Cosmetics, Toiletries, Soaps & Detergents 17 102.26 24.09 22.90 9.93 43.836 Crude Oil & Natural Gas 6 75.70 24.17 14.45 3.93 30.417 Diversified 10 115.06 8.34 0.71 7.05 20.508 Drugs & Pharmaceuticals 127 95.47 19.48 8.47 6.62 36.639 Electrical Equipment 41 105.62 24.99 12.04 5.81 40.15

10 Electrical Machinery & Tools 38 78.14 8.61 9.61 4.65 0.2211 Electricity Generation 5 182.29 13.34 3.69 29.44 31.4312 Electronics 87 98.97 15.36 7.70 6.71 36.1513 Ferrous Metals 155 87.38 15.33 5.33 2.75 -1.0114 Food Products 127 119.69 13.76 7.26 5.03 112.0215 Gems & Jewellery 7 121.70 10.65 9.14 3.92 4.6616 Glass, Ceramics & Refractories 32 93.89 10.34 6.64 2.63 0.3517 Leather & Leather Products 15 74.14 7.98 3.26 1.53 0.4718 Minerals 12 58.15 7.45 12.06 4.77 45.7919 Non-Electrical Machinery 79 87.23 15.83 16.05 9.26 21.8020 Non-Ferrous Metals 46 98.66 19.57 7.14 4.29 44.3121 Non-Metallic Mineral Products 18 64.15 13.04 7.48 3.66 4.9022 Paper, Books, Cards & Wood Products 88 86.32 17.76 4.01 2.41 13.9523 Polymers & Plastic Products 113 74.89 16.70 6.14 3.54 -271.2824 Real Estate 7 87.77 9.67 4.32 6.46 27.8525 Retail Trading 53 97.05 16.41 7.91 7.11 28.0426 Steel Tubes & Pipes 19 107.04 19.59 8.03 4.43 10.7127 Textiles 296 98.55 11.32 1.33 2.31 138.5728 Tyres, Tubes & Rubber Products 27 87.73 18.46 10.85 7.85 16.3629 Wires & Cables 17 98.63 17.61 2.54 1.89 -206.93

analysis. Finally, we ranked a total of more than 2500 organisations.

Ranking Parameters Comparing firms across industry sectors would have produced misleading results, because within each sector the need for the working capital funds is contingent on the nature of operations and processes. Industries with lengthy production cycles require more working capital when compared to sectors with short production cycles. This is one reason why, for our analysis and ranking, we grouped companies into different sectors to ensure appropriate peer comparisons.

For the ranking process we identified three categories of data, comprising a total of eight parameters. Our view is that these parameters best represent the characteristics of the internal supply chain of manufacturing and distribution companies. The parameters that were used for ranking are:

A. Inventory-related: Raw material holding period, work in progress holding period, and finished goods holding period

B. Cash-to-cash cycle time: Creditor and debtor days available

C. Financial indicators: Cost of goods as a percentage of sales, fixed asset turn-over ratio, PBITDA as percentage of sales.

While inventory-related parameters are very important for evaluating the efficiency of the supply chain of any organisation, other parameters like creditors and debtors days available cast light on the ability of organisations to manage liquidity positions. In the current economic slowdown, where cash is king, managing both debtors and creditors is vital for operational efficiency. We also have included certain financial parameters that indicate the overall health of the organisation.

Calculating the ScoreTo enable comparison of organisations within a sector, we have created

a composite score. This score is generated through the following process: First, companies are segregated into large and SMB sets (based on net sales). In both sets, every company is assigned to an industry sector (based on the primary nature of industrial activity carried out by the organisation). These sector classifications have been made by CMIE.

Every company, within an industry sector, is ranked relative to all other companies within the same sector on each of the eight parameters. The relative ranks obtained by a company on each of the eight parameters is individually weighted to generate the composite score for the company. (The weights assigned to each parameter are shown in the table.) Finally, the composite scores are arranged in ascending order (within each sector), to produce the final company rankings.

Page 29: Industry 2.0 March 2012

Sector AnalysisA look at how different sectors of the industry are running their supply chain operations

Infographic: Charu Dwivedi

www.industry20.com 27 industry 2.0 - technology management for decision-makers | march 2012

cover story

Auto AnCIllArIesPage 28

ChemICAlsPage 29

eleCtrICAl equIPment

Page 31

Drugs & PhArmACeutICAls

Page 30

eleCtronICsPage 32

FooD ProDuCts

Page 34

Ferrous metAlsPage 33

non-eleCtrICAl mAChInery

Page 35

retAIl trADIngPage 37

textIlesPage 38

Polymers & PlAstIC ProDuCts

Page 36

Page 30: Industry 2.0 March 2012

auto ancillaries

Powered by robust growth in the auto sector, the component industry is expected to achieve a turnover of $113 billion by 2020-21, with exports forecast to reach $29 billion.

Industry Snapshot• Large companies: 60• Total Net Sales (Rs cr): 46,418.36• Average Net Sales (Rs cr): 773.64• CAGR (year 2005 to 2010): 18.97%

• SMB companies: 126• Total Net Sales (Rs cr): 15,635.39• Average Net Sales (Rs cr): 124.09• CAGR (year 2005 to 2010): 17.66%

Sectoral Growth (Y-O-Y): 18.60%

62,053.75Sectoral Total Net Sales (Rs cr):

Days

Year579

11

1315

1719

21

2325

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

Work in Progress Cycle

19.8

16.6

10.3

KeY entire sector large Companies small Companies

MediaN entire sector

large cos small cos

Days

Year25

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

30

40

35

50

45

55

raw material Cycle

51.4

46.4

36.3

Finished goods CycleDays

Year15

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

20

30

25

35

40

34.5

30.2

21.4

Days

Year

Debtors

25

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

30

50

45

40

35

60

65

55

7075

66.9

57.9

41

Days

Year

Creditors

55

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

60

70

65

80

75

85

90

95

79.478.474.4

www.industry20.com28 march 2012 | industry 2.0 - technology management for decision-makers

Page 31: Industry 2.0 March 2012

chemicals

Industry Snapshot• Large companies: 63

• Total Net Sales (Rs cr): 109,330.46

• Average Net Sales (Rs cr): 1,735.40

• CAGR (year 2005 to 2010): 14.83%

• SMB companies: 152• Total Net Sales (Rs cr): 13,738.49• Average Net Sales (Rs cr): 90.38• CAGR (year 2005 to 2010): 15.45%

Chemicals account for more than 14% of India’s total exports. exports increased from $2.6 billion (2001-02) to $11.4 billion (2009-10), representing a CAgr of 20.1%.

Sectoral Growth (Y-O-Y):

14.90%Sectoral Total

Net Sales (Rs cr):123,068.95

252004-05 2005-06 2006-07 2007-08 2008-09 2009-10

45

85

65

125

105

145

raw material CycleDays

Year

65.762.957.8

18.516.2

10.5

Days

Year0

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

5

15

10

25

20

Work in Progress Cycle

43.242.842.4

Days

Year 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

41

37

39

35

47

45

43

Finished goods Cycle

Days

Year 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

65

55

60

50

75

70

Debtors

66.463

56

502004-05 2005-06 2006-07 2007-08 2008-09 2009-10

60

8070

10090

110Days

Year

Creditors

797673.7

KeY entire sector large Companies small Companies

MediaN entire sector

large cos small cos

www.industry20.com 29 industry 2.0 - technology management for decision-makers | march 2012

Page 32: Industry 2.0 March 2012

www.industry20.com30 march 2012 | industry 2.0 - technology management for decision-makers

drugs and pharmaceuticals

Industry Snapshot• Large companies: 63• Total Net Sales (Rs cr): 72,030.35• Average Net Sales (Rs cr): 1,143.34• CAGR (year 2005 to 2010): 20.02%

• SMB companies: 127• Total Net Sales (Rs cr): 12,124.25• Average Net Sales (Rs cr): 95.47• CAGR (year 2005 to 2010): 19.48%

“Indian pharma market is expected to grow to $55 billion by 2020”

—McKinsey & Company

Sectoral Growth (Y-O-Y):19.95%

Sectoral Total Net Sales (Rs cr):

84,154.60

73.671.169.1

Days

Year50

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

60

80

70

100

90

110

Raw Material Cycle

28.630.734.3

Days

Year0

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

5

15

10

35

20

25

30

40Work in Progress Cycle

Finished Goods Cycle

62.364.269.5

Days

Year0

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

30

20

10

70

40

50

60

80

Creditors

75.7

90.693.5

Days

Year 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

40

60

80

20

0

100

120

77.58384.2

DebtorsDays

Year 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

40

50

60

3020

70

80

90

100

110

Sectoral Growth (Y-O-Y):25.32%

KeY Entire Sector Large Companies Small Companies

MediaN Entire Sector

Large cos Small cos

Page 33: Industry 2.0 March 2012

www.industry20.com 31 industry 2.0 - technology management for decision-makers | march 2012

Industry Snapshot• Large companies: 24• Total Net Sales (Rs cr): 36,035.30• Average Net Sales (Rs cr): 1,502.72• CAGR (year 2005 to 2010): 25.36%

• SMB companies: 41• Total Net Sales (Rs cr): 4,330.35• Average Net Sales (Rs cr): 105.62• CAGR (year 2005 to 2010): 24.99%

“The electric equipment industry accounts for more than 2% of the country’s GDP and is projected to reach 12% in 2015” —Frost and Sullivan

electrical equipment

Sectoral Total Net Sales (Rs cr):

40,395.85

49.8

38.6

57.2

Days

Year0

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

10

30

20

50

40

60

70Raw Material Cycle

Creditors

93.185.5

97.2

Days

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

40

80

120100

140

60

Debtors

87.2

71.2

98.6

Days

Year 2004-05 2005-06 2006-07 2007-08 2008-09 2009-1050

7060

90100110120

80

Finished Goods Cycle

38.530.7

42.6

Days

Year 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

10

30

20

50

40

Work in Progress Cycle

24.6

18.6

28.8

Days

Year10

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

15

25

20

35

30

Sectoral Growth (Y-O-Y):25.32%

KeY Entire Sector Large Companies Small Companies

MediaN Entire Sector

Large cos Small cos

Page 34: Industry 2.0 March 2012

www.industry20.com32 march 2012 | industry 2.0 - technology management for decision-makers

electronics

75.4

63.1

79.2

Days

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

40

60

100

120

140

80

Raw Material Cycle

Debtors

105.588.5

114.4

Days

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

40

60

60

100

120

140

160

Industry Snapshot• Large companies: 34• Total Net Sales (Rs cr): 52,196.74• Average Net Sales (Rs cr): 1,535.20• CAGR (year 2005 to 2010): 18.58%

• SMB companies: 87• Total Net Sales (Rs cr): 8,610.2• Average Net Sales (Rs cr): 98.97• CAGR (year 2005 to 2010): 15.36%

Electronics production in India was valued at $25.4 billion in 2010-11. Production has expanded at a compound annual growth rate (CAGR) of 16.6% since 2006.

Sectoral Growth (Y-O-Y): 18.60% Sectoral Total Net Sales (Rs cr): 60,806.94

Work in Progress Cycle

23.3

15.8

26.1

Days

Year10

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

12

16

14

22

18

20

26

28

30

24

Finished Goods Cycle

41.443.7

44.6

Days

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

25

35

30

50

40

45

141.9132129

Days

Year50

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

7090

110130150170190210230

Creditors

KeY Entire Sector Large Companies Small Companies

MediaN Entire Sector

Large cos Small cos

Page 35: Industry 2.0 March 2012

www.industry20.com 33 industry 2.0 - technology management for decision-makers | march 2012

ferrous metalsIndustry Snapshot• Large companies: 79• Total Net Sales (Rs cr): 152,666.28• Average Net Sales (Rs cr): 1,932.48• CAGR (year 2005 to 2010): 17.98%

• SMB companies: 155• Total Net Sales (Rs cr): 13,543.44• Average Net Sales (Rs cr): 87.38• CAGR (year 2005 to 2010): 15.33%

Demand for steel grew to 65.2 MT during 2010-11, and expanded at a CAGR of 8.6% over the period FY07-11. Steel producers have a planned capacity addition of about 275.7 MT by 2020.

166,209.72Sectoral Total Net Sales (Rs cr):

Sectoral Growth (Y-O-Y) 17.75%

6358.3

69.2

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

30

50

60

40

80

90

70

Days Raw Material Cycle

60.348.5

66.5

Debtors

Year30

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

40

6070

50

90

100

80

Days

Finished Goods Cycle

39.635.4

42.8

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

25

3540

30

5045

Days

Work in Progress Cycle

21.6

14.5

26.4

Year5

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

10

20

25

15

35

30

Days

Creditors

86.281.5

93.8

Year30

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

50

90

110

70

150

170

130

Days

KeY Entire Sector Large Companies Small Companies

MediaN Entire Sector

Large cos Small cos

Page 36: Industry 2.0 March 2012

www.industry20.com34 march 2012 | industry 2.0 - technology management for decision-makers

food products

The Indian FMCG market is projected to reach $100 billion by 2025, from the current $12 billion. The food processing industry has attracted cumulative FDI of $1,309.54 million.

Sectoral Growth (Y-O-Y): 21.18%Sectoral Total Net Sales (Rs cr):136,133.92

47.467.877.6

Days

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

406080

100120140160

Raw Material Cycle

Finished Goods Cycle

62.3

83.994.6

Days

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

304050

60708090100110

Work in Progress Cycle

4.8

10.9

14.9

Days

Year2

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

468

1012141618 Debtors

23.5

3338.1

Days

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

2530354045

60

50

65

55

68

110.7101.3

Days

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

406080

100120140160180

Creditors

Industry Snapshot• Number of Large companies: 72• Total Net Sales (Rs cr): 120,933.89• Average Net Sales (Rs cr): 1679.64• CAGR (year 2005 to 2010): 22.34%

• SMB companies: 127• Total Net Sales (Rs cr): 15,200.03• Average Net Sales (Rs cr): 119.69• CAGR (year 2005 to 2010): 13.76%Exports of organic food products are expected to grow five-fold by 2015 and exports are expected to touch US$ 1.43 billion by 2014-15 against US$ 280 million in 2010-11.

KeY Entire Sector Large Companies Small Companies

MediaN Entire Sector

Large cos Small cos

Page 37: Industry 2.0 March 2012

www.industry20.com 35 industry 2.0 - technology management for decision-makers | march 2012

non electrical machinery

Industry Snapshot• Large companies: 33• Total Net Sales (Rs cr): 61,290.45• Average Net Sales (Rs cr): 1,857.29• CAGR (year 2005 to 2010): 22.10%

• SMB companies: 79• Total Net Sales (Rs cr): 6,891.46• Average Net Sales (Rs cr): 87.23• CAGR (year 2005 to 2010): 15.83%

The non-electrical machinery accounts for 10% of the value added in the industrial sector. Continued investments in infrastructure and manufacturing industries are expected to drive the growth of the sector. Sectoral

Growth (Y-O-Y): 21.37%

Sectoral Total Net Sales (Rs cr):

68,181.91

Finished Goods Cycle

57.150.7

36.1

Days

Year2025303540455055

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

6560

79.170.9

Days

Year 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

80

70

60

50

40

30

20

10

0

90

Raw Material Cycle

49.9

Days

Year

Debtors

20

40

60

80

100

120

140

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

85.871.976.5

Days

Year0

5

10

15

20

25

30

35

40

45

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

Work in Progress Cycle

39.6

33.4

20.8

Days

Year

Creditors

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

215

155

175

195

135

115

55

75

95

35

15

130122.9117

KeY Entire Sector Large Companies Small Companies

MediaN Entire Sector

Large cos Small cos

Page 38: Industry 2.0 March 2012

www.industry20.com36 march 2012 | industry 2.0 - technology management for decision-makers

Industry Snapshot

• Large companies: 27• Total Net Sales (Rs cr): 23,710.5• Average Net Sales (Rs cr): 878.17• CAGR (year 2005 to 2010): 18.10%

• SMB companies: 113• Total Net Sales (Rs cr): 8,462.17• Average Net Sales (Rs cr): 74.89• CAGR (year 2005 to 2010): 16.70%

Days

Year0

5

10

15

20

25

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

Work in Progress Cycle

18

1614.1

Finished Goods Cycle

4037.3

28.9

Days

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

25

35

30

40

45

4946

Days

Year15

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

25

45

35

65

55

75

Raw Material Cycle

44.3

Days

Year

Debtors

25

25

25

25

25

25

25

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

696760

Days

Year

Creditors

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

140

120

100

80

60

40

20

848279

“Consumption will increase from 7.5 MMT to 15 MMT by 2015, making India the third largest consumer of plastics in the world” —Plastindia Foundation

Sectoral Growth (Y-O-Y): 17.72%Sectoral Total Net Sales (Rs cr):

32,172.67

polymers and plastic products

KeY Entire Sector Large Companies Small Companies

MediaN Entire Sector

Large cos Small cos

Page 39: Industry 2.0 March 2012

www.industry20.com 37 industry 2.0 - technology management for decision-makers | march 2012

retail trading

Industry Snapshot• Large companies: 24• Total Net Sales (Rs cr): 38,873.75• Average Net Sales (Rs cr): 1,619.74• CAGR (year 2005 to 2010): 28.68%

• SMB companies: 53• Total Net Sales (Rs cr): 5,143.48• Average Net Sales (Rs cr): 97.04• CAGR (year 2005 to 2010): 16.41%

320.6

217.4174.7

Days

Year20

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

120

320

220

520

420

620

720

Raw Material Cycle

104.2

45.3

18.4

Days

Year0

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

20

60

40

100

80

120

140

Work in Progress Cycle

Finished Goods Cycle

59.953

38.4

Days

Year 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

7060

50

4030

20

10

0

Debtors

75.2

44.9

89.4

Days

Year 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

180

160

140

120

100

80

60

40

20

CreditorsDays

Year 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

420

370

320

270

220

170

120

70

20

123.4112.5

76.3

Organised retail, currently estimated at $28 billion, is projected to become a $260 billion business over the next decade. Penetration is forecast to increase from current 9%to 20% by 2020.

Sectoral Growth (Y-O-Y): 26.81%

Sectoral Total Net Sales (Rs cr):

44,017.23

KeY Entire Sector Large Companies Small Companies

MediaN Entire Sector

Large cos Small cos

Page 40: Industry 2.0 March 2012

www.industry20.com38 march 2012 | industry 2.0 - technology management for decision-makers

textiles

Days

Year5

15

25

35

45

55

65

75

85

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

Work in Progress Cycle

181619

Finished Goods Cycle

46

5048

Days

Year20

30

40

50

60

70

80

90

100

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

73.572

Days

Year35

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

45

65

55

85

75

95

Raw Material Cycle

71

Days

Year

Debtors

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

20

40

60

80

100

120

140

160

6057.750.9

Days

Year

Creditors

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10

270

220

170

120

70

20

87.980.157.6

Sectoral Growth (Y-O-Y):16.28%

Textiles comprise about 14% of the manufacturing sector, and account for 12% of the country’s total export earnings.

Industry Snapshot• Large companies: 91• Total Net Sales (Rs cr): 82,746.02• Average Net Sales (Rs cr): 909.30• CAGR (year 2005 to 2010): 18.38%

• SMB companies: 296• Total Net Sales (Rs cr): 29,171.15• Average Net Sales (Rs cr): 98.55• CAGR (year 2005 to 2010): 11.32%

Sectoral Total Net Sales (Rs cr):

111,917.17

KeY Entire Sector Large Companies Small Companies

MediaN Entire Sector

Large cos Small cos

Page 41: Industry 2.0 March 2012
Page 42: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

A U T O A N C I L L A R I E S

1 Wabco India Ltd. Air brakes 443.26 606.71 321.65 422.03 69.56% 191.41 180.15 2.34 73.53 135.33 22.31% 54.70 53.67 45.01 50.96 40.22 35.45 1.35 1.37 10.62 9.97 40.50

2 Bharat Seats Ltd. Auto seating systems 219.28 336.08 200.36 310.67 92.44% 25.33 47.98 6.47 7.14 9.09 2.70% 20.34 14.92 34.01 30.18 7.43 7.74 1.37 0.35 2.06 0.85 43.50

3 Munjal Showa Ltd. Shock absorbers 842.51 1003.95 738.99 892.92 88.94% 199.78 254.24 3.51 54.93 71.57 7.13% 32.60 37.33 47.45 47.44 10.54 9.32 2.90 2.67 3.99 3.71 43.70

4 Sandhar Technologies Ltd. Automobile locks 435.19 557.66 377.55 480.54 86.17% 130.48 165.62 2.90 38.96 54.77 9.82% 55.58 45.04 65.26 54.30 22.99 22.94 2.78 1.69 4.65 3.94 45.80

5 Sona Koyo Steering Systems Ltd. Drive transmission & steering parts 695.82 852.56 638.49 718.69 84.30% 307.12 299.80 2.40 8.95 84.48 9.91% 34.02 33.70 63.75 58.67 13.82 15.38 2.17 2.03 2.73 3.01 47.40

6 Minda Corporation Ltd. Automobile locks 206.94 338.56 164.30 275.59 81.40% 55.26 76.29 3.61 25.16 37.30 11.02% 40.15 38.20 67.73 78.02 17.96 18.85 1.25 2.54 3.52 5.92 48.90

7 Omax Autos Ltd. Other Automobile ancillaries, nec 816.11 865.29 728.61 760.46 87.88% 259.22 300.01 2.53 75.93 76.84 8.88% 35.84 42.13 45.05 46.76 9.75 11.45 3.34 3.91 8.62 7.25 51.90

8 Jay Bharat Maruti Ltd. Other Automobile ancillaries, nec 691.95 803.58 624.74 710.19 88.38% 183.07 201.29 3.53 56.19 78.15 9.73% 18.16 18.37 58.01 62.71 9.89 11.24 3.55 3.51 4.25 4.86 56.90

9 Automotive Stampings & Assemblies Ltd. Auto sheet metals parts 345.63 413.99 319.88 374.34 90.42% 109.63 100.53 3.72 18.32 28.09 6.79% 23.09 19.48 57.22 47.60 29.87 20.95 2.88 2.69 7.15 6.17 57.60

10 Sungwoo Gestamp Hitech (Chennai) Ltd. Automobile ancillaries 503.74 572.11 429.74 478.41 83.62% 133.04 122.18 3.92 56.28 72.12 12.61% 26.67 37.09 38.67 67.18 27.75 23.83 5.62 4.98 7.00 6.25 57.90

11 Tata Autocomp Systems Ltd. Automobile ancillaries, nec 660.57 919.82 374.81 614.21 66.78% 201.28 195.23 3.15 -122.87 120.36 13.09% 57.37 47.49 85.98 87.98 38.00 17.78 5.69 5.58 23.71 15.26 60.40

12 F C C Rico Ltd. Automobile ancillaries 357.45 466.38 302.64 409.84 87.88% 41.97 53.11 7.72 31.47 45.25 9.70% 35.16 36.53 44.92 56.92 25.66 23.95 1.78 2.81 9.30 11.72 61.20

13 Suzuki Powertrain India Ltd. Automobile ancillaries 2289.66 3274.28 1742.39 2504.19 76.48% 1556.17 2167.04 1.16 289.14 539.87 16.49% 24.33 14.47 95.05 51.05 27.00 23.82 2.91 2.03 25.56 12.26 62.50

14 Mark Exhaust Systems Ltd. Automobile ancillaries, nec 347.00 388.40 321.94 360.33 92.77% 74.57 73.18 4.92 16.45 17.98 4.63% 27.72 31.46 64.89 68.82 12.25 10.10 5.17 4.40 8.20 7.39 63.60

15 Minda Industries Ltd. Automobile equipment 455.18 599.64 366.13 497.32 82.94% 162.91 229.23 2.17 58.23 71.45 11.92% 42.86 45.10 61.73 80.51 18.55 20.72 6.23 6.75 8.67 8.77 64.80

16 Ucal Fuel Systems Ltd. Carburettors 301.23 392.89 225.90 288.91 73.53% 130.45 192.65 1.50 46.77 65.11 16.57% 52.16 58.87 96.49 80.00 38.95 38.58 8.66 5.96 18.23 10.36 65.40

17 Jay Ushin Ltd. Automobile locks 254.03 357.35 227.14 327.45 91.63% 63.49 73.69 4.44 12.42 20.92 5.85% 25.85 23.45 85.94 77.53 42.11 31.55 0.88 0.52 4.80 3.54 66.00

18 Endurance Technologies Ltd. Shock absorbers 1460.54 1604.64 1246.21 1332.14 83.02% 935.22 853.20 1.56 161.86 262.16 16.34% 31.59 39.26 67.83 84.20 15.38 17.19 7.98 6.21 10.67 10.79 67.10

19 Neel Metal Products Ltd. Other Automobile ancillaries, nec 648.62 798.75 576.53 721.81 90.37% 154.35 175.45 4.11 56.48 88.77 11.11% 25.51 24.09 57.24 66.40 22.21 18.11 4.93 6.63 5.81 8.89 68.00

20 Automotive Axles Ltd. Axle shafts 268.15 669.61 219.25 567.26 84.71% 145.11 132.80 4.27 37.54 90.43 13.50% 82.79 47.50 79.49 36.36 110.34 44.11 20.08 8.30 29.21 10.11 68.10

21 Sharda Motor Inds. Ltd. Automobile ancillaries, nec 339.63 466.33 274.47 363.93 78.04% 96.19 110.33 3.30 32.02 53.88 11.55% 34.99 27.33 85.71 71.30 22.38 29.62 6.71 5.67 9.89 7.61 68.20

22 Subros Ltd. Automobile ancillaries, nec 694.06 904.65 585.83 764.25 84.48% 218.71 226.54 3.37 64.40 94.09 10.40% 18.81 19.17 51.78 44.51 51.01 39.35 5.39 4.73 9.09 7.90 71.20

23 Lucas-Tvs Ltd. Electrical automobile parts 844.13 1068.91 706.49 900.45 84.24% 247.45 279.59 3.22 62.47 110.73 10.36% 54.06 47.76 44.39 48.62 36.92 31.14 7.64 7.24 19.10 18.12 71.90

24 Rane T R W Steering Systems Ltd. Steering gears 287.82 400.60 206.64 283.67 70.81% 92.33 106.15 2.67 46.24 77.98 19.47% 38.10 32.36 54.77 66.50 47.37 34.07 5.78 4.77 27.10 22.83 74.40

25 S K H Metals Ltd. Automobile engine parts 490.42 604.05 441.38 553.27 91.59% 183.55 189.40 2.92 35.78 59.14 9.79% 35.85 31.65 71.13 71.16 39.12 38.90 3.74 3.19 7.92 7.10 75.90

26 Rane (Madras) Ltd. Steering gears 352.55 418.89 290.92 339.94 81.15% 70.42 66.42 5.12 18.23 34.21 8.17% 46.06 44.71 50.66 59.91 34.36 29.48 8.16 7.41 32.83 27.55 76.80

27 Banco Products (India) Ltd. Radiators 292.69 408.55 205.96 267.21 65.40% 79.48 80.99 3.30 58.59 109.10 26.70% 78.96 64.24 36.69 43.77 69.34 82.21 12.05 10.87 30.14 22.53 78.50

28 Spicer India Ltd. Axle shafts 532.26 645.48 442.69 531.91 82.41% 97.01 103.45 5.14 33.20 74.29 11.51% 52.28 40.21 77.87 97.60 28.63 22.55 12.52 10.52 20.51 16.99 81.00

29 Bosch Ltd. Automobile engine parts 4623.56 4808.11 2463.88 2527.12 52.56% 608.61 513.26 4.92 1177.00 1113.36 23.16% 46.00 47.00 61.16 68.91 38.03 38.57 10.60 11.19 34.47 36.41 81.00

30 Gabriel India Ltd. Shock absorbers 525.61 702.58 453.34 585.04 83.27% 171.50 181.21 3.23 37.89 68.07 9.69% 49.41 39.54 71.10 61.03 35.32 37.29 9.56 8.36 16.54 14.80 82.60

31 Bosch Chassis Systems India Ltd. Brake assembly 541.46 606.58 441.92 491.88 81.09% 133.41 184.42 2.67 129.16 90.99 15.00% 50.93 43.11 100.33 85.79 36.36 32.23 5.50 7.97 14.73 18.15 83.30

32 H S I Automotives Ltd. Automobile ancillaries, nec 191.47 355.14 149.17 316.47 89.11% 185.72 193.56 1.63 20.73 45.56 12.83% 46.46 49.98 69.34 57.50 108.57 39.03 20.23 10.14 29.34 14.19 84.10

33 Denso India Ltd. Electrical automobile parts 540.15 742.58 396.60 573.67 77.25% 56.11 98.05 5.85 42.19 44.19 5.95% 32.01 27.90 63.98 63.73 48.71 50.62 3.41 3.40 25.49 18.33 87.30

34 Brakes India Ltd. Brake assembly 1561.26 1897.74 1256.04 1490.05 78.52% 527.80 519.29 2.87 130.82 223.88 11.80% 57.60 47.61 43.54 54.38 43.88 36.29 16.55 12.99 39.10 31.81 88.30

35 Turbo Energy Ltd. Automobile ancillaries 433.31 540.02 286.65 363.55 67.32% 104.16 100.98 3.60 96.71 129.79 24.03% 73.76 52.18 51.02 65.20 67.56 47.60 18.63 15.73 54.81 40.91 88.80

36 Delphi-T V S Diesel Systems Ltd. Fuel injection equipment 484.46 545.35 372.33 406.09 74.46% 240.42 484.63 0.84 39.65 88.66 16.26% 43.57 35.08 55.89 61.03 59.06 50.36 7.82 7.39 19.95 15.43 89.10

37 Hi-Tech Gears Ltd. Drive transmission & steering parts 294.49 322.62 247.39 257.14 79.70% 139.78 142.29 1.81 30.81 47.95 14.86% 35.22 34.41 73.15 84.78 48.87 44.06 12.05 9.66 13.63 10.48 91.70

38 Motherson Sumi Systems Ltd. Wiring harness & parts 1316.59 1746.35 976.86 1332.27 76.29% 466.88 669.12 1.99 170.29 366.24 20.97% 47.27 39.52 80.37 93.36 48.36 45.61 10.50 8.77 18.62 17.46 93.50

39 Shriram Pistons & Rings Ltd. Pistons 607.74 754.92 370.25 446.90 59.20% 408.64 397.71 1.12 113.97 176.28 23.35% 59.96 48.44 62.14 62.57 40.85 38.09 21.64 20.62 50.19 44.12 93.70

40 Steel Strips Wheels Ltd. Wheels for automobiles 317.17 419.68 252.63 327.87 78.12% 341.76 337.87 0.97 46.51 59.08 14.08% 43.08 43.30 65.34 92.04 58.81 68.96 6.19 6.77 14.14 11.57 94.80

41 Pricol Ltd. Automobile equipment 646.77 783.14 522.94 611.41 78.07% 247.89 229.37 2.67 38.85 92.68 11.83% 76.55 72.44 32.15 81.23 86.27 60.67 11.86 9.04 28.69 20.07 95.10

42 R S B Transmissions (I) Ltd. Propeller shafts 195.26 545.67 156.78 443.30 81.24% 176.59 365.43 1.21 29.26 79.37 14.55% 26.41 15.57 63.99 55.87 49.87 27.74 32.40 18.58 34.06 19.18 97.00

43 Wheels India Ltd. Wheels for automobiles 1137.41 1246.03 983.87 1121.53 90.01% 324.69 404.32 2.77 109.97 91.15 7.32% 44.58 48.97 56.89 67.95 46.28 41.85 13.90 12.21 16.24 15.94 97.40

44 Sundram Fasteners Ltd. Automobile ancillaries 1257.06 1328.41 1010.64 1072.16 80.71% 541.88 560.12 1.91 106.85 182.82 13.76% 65.83 63.57 30.18 48.57 41.94 42.38 21.71 21.91 46.71 42.82 97.40

45 Sanden Vikas (India) Ltd. Automobile ancillaries, nec 301.16 405.13 132.99 281.55 69.50% 67.54 118.86 2.37 -11.60 25.50 6.29% 42.97 32.28 124.17 74.89 101.37 49.73 4.70 3.66 40.91 28.38 97.50

46 G K N Driveline (India) Ltd. Drive transmission & steering parts 423.52 437.90 312.82 317.22 72.44% 174.35 195.12 1.63 62.56 69.46 15.86% 21.75 28.23 65.17 81.55 46.92 53.89 9.80 9.62 15.25 14.62 98.20

47 Dynamatic Technologies Ltd. Hydraulic pumps 301.39 300.23 234.14 226.06 75.30% 200.21 218.34 1.04 43.92 52.37 17.44% 74.28 80.16 85.91 91.54 37.42 45.37 12.62 14.60 26.21 28.02 99.40

48 Sundaram-Clayton Ltd. Suspension & braking parts 516.44 518.70 415.68 396.24 76.39% 264.83 296.13 1.34 65.16 72.34 13.95% 56.12 52.11 27.57 32.55 54.67 70.24 8.04 11.08 62.85 58.60 99.40

49 Rico Auto Inds. Ltd. Automobile ancillaries 727.10 736.17 631.01 636.85 86.51% 456.13 496.94 1.28 98.36 93.13 12.65% 54.63 52.69 51.99 87.37 35.01 40.79 15.40 16.58 16.23 17.73 102.30

50 Federal-Mogul Goetze (India) Ltd. Piston rings 707.75 781.49 504.16 534.38 68.38% 387.06 366.27 1.46 72.86 122.91 15.73% 42.57 42.88 100.92 88.82 44.03 36.70 23.14 19.46 54.92 41.66 103.30

51 Jamna Auto Inds. Ltd. Leaf springs (Automotive) 452.61 559.29 389.99 474.66 84.87% 96.54 141.05 3.37 18.83 59.14 10.57% 50.56 35.41 92.26 115.08 24.60 21.84 29.05 18.28 40.01 29.49 104.10

52 Lumax Industries Ltd. Auto head lights 524.95 636.13 440.89 536.59 84.35% 220.52 239.86 2.24 26.05 50.53 7.94% 40.63 37.01 107.36 104.95 32.15 23.51 17.15 12.60 32.17 22.75 104.20

53 Halonix Ltd. Auto head lights 384.12 462.24 318.60 353.06 76.38% 114.25 105.88 3.33 27.09 7.63 1.65% 81.15 70.52 39.21 37.89 68.19 54.03 28.69 26.08 70.76 67.29 105.40

54 Tata Yazaki Autocomp Ltd. Wiring harness & parts 225.57 358.58 202.09 314.81 87.79% 48.69 63.44 4.96 -3.60 22.96 6.40% 32.45 26.66 126.02 114.07 69.31 57.68 9.03 7.64 14.22 11.68 106.30

55 Hema Engineering Inds. Ltd. Automobile ancillaries 307.32 357.73 282.67 326.56 91.29% 122.80 136.81 2.39 34.96 34.67 9.69% 55.06 53.65 87.42 101.07 40.94 46.36 22.90 25.15 24.43 26.35 118.90

www.industry20.com40 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 43: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

A U T O A N C I L L A R I E S

1 Wabco India Ltd. Air brakes 443.26 606.71 321.65 422.03 69.56% 191.41 180.15 2.34 73.53 135.33 22.31% 54.70 53.67 45.01 50.96 40.22 35.45 1.35 1.37 10.62 9.97 40.50

2 Bharat Seats Ltd. Auto seating systems 219.28 336.08 200.36 310.67 92.44% 25.33 47.98 6.47 7.14 9.09 2.70% 20.34 14.92 34.01 30.18 7.43 7.74 1.37 0.35 2.06 0.85 43.50

3 Munjal Showa Ltd. Shock absorbers 842.51 1003.95 738.99 892.92 88.94% 199.78 254.24 3.51 54.93 71.57 7.13% 32.60 37.33 47.45 47.44 10.54 9.32 2.90 2.67 3.99 3.71 43.70

4 Sandhar Technologies Ltd. Automobile locks 435.19 557.66 377.55 480.54 86.17% 130.48 165.62 2.90 38.96 54.77 9.82% 55.58 45.04 65.26 54.30 22.99 22.94 2.78 1.69 4.65 3.94 45.80

5 Sona Koyo Steering Systems Ltd. Drive transmission & steering parts 695.82 852.56 638.49 718.69 84.30% 307.12 299.80 2.40 8.95 84.48 9.91% 34.02 33.70 63.75 58.67 13.82 15.38 2.17 2.03 2.73 3.01 47.40

6 Minda Corporation Ltd. Automobile locks 206.94 338.56 164.30 275.59 81.40% 55.26 76.29 3.61 25.16 37.30 11.02% 40.15 38.20 67.73 78.02 17.96 18.85 1.25 2.54 3.52 5.92 48.90

7 Omax Autos Ltd. Other Automobile ancillaries, nec 816.11 865.29 728.61 760.46 87.88% 259.22 300.01 2.53 75.93 76.84 8.88% 35.84 42.13 45.05 46.76 9.75 11.45 3.34 3.91 8.62 7.25 51.90

8 Jay Bharat Maruti Ltd. Other Automobile ancillaries, nec 691.95 803.58 624.74 710.19 88.38% 183.07 201.29 3.53 56.19 78.15 9.73% 18.16 18.37 58.01 62.71 9.89 11.24 3.55 3.51 4.25 4.86 56.90

9 Automotive Stampings & Assemblies Ltd. Auto sheet metals parts 345.63 413.99 319.88 374.34 90.42% 109.63 100.53 3.72 18.32 28.09 6.79% 23.09 19.48 57.22 47.60 29.87 20.95 2.88 2.69 7.15 6.17 57.60

10 Sungwoo Gestamp Hitech (Chennai) Ltd. Automobile ancillaries 503.74 572.11 429.74 478.41 83.62% 133.04 122.18 3.92 56.28 72.12 12.61% 26.67 37.09 38.67 67.18 27.75 23.83 5.62 4.98 7.00 6.25 57.90

11 Tata Autocomp Systems Ltd. Automobile ancillaries, nec 660.57 919.82 374.81 614.21 66.78% 201.28 195.23 3.15 -122.87 120.36 13.09% 57.37 47.49 85.98 87.98 38.00 17.78 5.69 5.58 23.71 15.26 60.40

12 F C C Rico Ltd. Automobile ancillaries 357.45 466.38 302.64 409.84 87.88% 41.97 53.11 7.72 31.47 45.25 9.70% 35.16 36.53 44.92 56.92 25.66 23.95 1.78 2.81 9.30 11.72 61.20

13 Suzuki Powertrain India Ltd. Automobile ancillaries 2289.66 3274.28 1742.39 2504.19 76.48% 1556.17 2167.04 1.16 289.14 539.87 16.49% 24.33 14.47 95.05 51.05 27.00 23.82 2.91 2.03 25.56 12.26 62.50

14 Mark Exhaust Systems Ltd. Automobile ancillaries, nec 347.00 388.40 321.94 360.33 92.77% 74.57 73.18 4.92 16.45 17.98 4.63% 27.72 31.46 64.89 68.82 12.25 10.10 5.17 4.40 8.20 7.39 63.60

15 Minda Industries Ltd. Automobile equipment 455.18 599.64 366.13 497.32 82.94% 162.91 229.23 2.17 58.23 71.45 11.92% 42.86 45.10 61.73 80.51 18.55 20.72 6.23 6.75 8.67 8.77 64.80

16 Ucal Fuel Systems Ltd. Carburettors 301.23 392.89 225.90 288.91 73.53% 130.45 192.65 1.50 46.77 65.11 16.57% 52.16 58.87 96.49 80.00 38.95 38.58 8.66 5.96 18.23 10.36 65.40

17 Jay Ushin Ltd. Automobile locks 254.03 357.35 227.14 327.45 91.63% 63.49 73.69 4.44 12.42 20.92 5.85% 25.85 23.45 85.94 77.53 42.11 31.55 0.88 0.52 4.80 3.54 66.00

18 Endurance Technologies Ltd. Shock absorbers 1460.54 1604.64 1246.21 1332.14 83.02% 935.22 853.20 1.56 161.86 262.16 16.34% 31.59 39.26 67.83 84.20 15.38 17.19 7.98 6.21 10.67 10.79 67.10

19 Neel Metal Products Ltd. Other Automobile ancillaries, nec 648.62 798.75 576.53 721.81 90.37% 154.35 175.45 4.11 56.48 88.77 11.11% 25.51 24.09 57.24 66.40 22.21 18.11 4.93 6.63 5.81 8.89 68.00

20 Automotive Axles Ltd. Axle shafts 268.15 669.61 219.25 567.26 84.71% 145.11 132.80 4.27 37.54 90.43 13.50% 82.79 47.50 79.49 36.36 110.34 44.11 20.08 8.30 29.21 10.11 68.10

21 Sharda Motor Inds. Ltd. Automobile ancillaries, nec 339.63 466.33 274.47 363.93 78.04% 96.19 110.33 3.30 32.02 53.88 11.55% 34.99 27.33 85.71 71.30 22.38 29.62 6.71 5.67 9.89 7.61 68.20

22 Subros Ltd. Automobile ancillaries, nec 694.06 904.65 585.83 764.25 84.48% 218.71 226.54 3.37 64.40 94.09 10.40% 18.81 19.17 51.78 44.51 51.01 39.35 5.39 4.73 9.09 7.90 71.20

23 Lucas-Tvs Ltd. Electrical automobile parts 844.13 1068.91 706.49 900.45 84.24% 247.45 279.59 3.22 62.47 110.73 10.36% 54.06 47.76 44.39 48.62 36.92 31.14 7.64 7.24 19.10 18.12 71.90

24 Rane T R W Steering Systems Ltd. Steering gears 287.82 400.60 206.64 283.67 70.81% 92.33 106.15 2.67 46.24 77.98 19.47% 38.10 32.36 54.77 66.50 47.37 34.07 5.78 4.77 27.10 22.83 74.40

25 S K H Metals Ltd. Automobile engine parts 490.42 604.05 441.38 553.27 91.59% 183.55 189.40 2.92 35.78 59.14 9.79% 35.85 31.65 71.13 71.16 39.12 38.90 3.74 3.19 7.92 7.10 75.90

26 Rane (Madras) Ltd. Steering gears 352.55 418.89 290.92 339.94 81.15% 70.42 66.42 5.12 18.23 34.21 8.17% 46.06 44.71 50.66 59.91 34.36 29.48 8.16 7.41 32.83 27.55 76.80

27 Banco Products (India) Ltd. Radiators 292.69 408.55 205.96 267.21 65.40% 79.48 80.99 3.30 58.59 109.10 26.70% 78.96 64.24 36.69 43.77 69.34 82.21 12.05 10.87 30.14 22.53 78.50

28 Spicer India Ltd. Axle shafts 532.26 645.48 442.69 531.91 82.41% 97.01 103.45 5.14 33.20 74.29 11.51% 52.28 40.21 77.87 97.60 28.63 22.55 12.52 10.52 20.51 16.99 81.00

29 Bosch Ltd. Automobile engine parts 4623.56 4808.11 2463.88 2527.12 52.56% 608.61 513.26 4.92 1177.00 1113.36 23.16% 46.00 47.00 61.16 68.91 38.03 38.57 10.60 11.19 34.47 36.41 81.00

30 Gabriel India Ltd. Shock absorbers 525.61 702.58 453.34 585.04 83.27% 171.50 181.21 3.23 37.89 68.07 9.69% 49.41 39.54 71.10 61.03 35.32 37.29 9.56 8.36 16.54 14.80 82.60

31 Bosch Chassis Systems India Ltd. Brake assembly 541.46 606.58 441.92 491.88 81.09% 133.41 184.42 2.67 129.16 90.99 15.00% 50.93 43.11 100.33 85.79 36.36 32.23 5.50 7.97 14.73 18.15 83.30

32 H S I Automotives Ltd. Automobile ancillaries, nec 191.47 355.14 149.17 316.47 89.11% 185.72 193.56 1.63 20.73 45.56 12.83% 46.46 49.98 69.34 57.50 108.57 39.03 20.23 10.14 29.34 14.19 84.10

33 Denso India Ltd. Electrical automobile parts 540.15 742.58 396.60 573.67 77.25% 56.11 98.05 5.85 42.19 44.19 5.95% 32.01 27.90 63.98 63.73 48.71 50.62 3.41 3.40 25.49 18.33 87.30

34 Brakes India Ltd. Brake assembly 1561.26 1897.74 1256.04 1490.05 78.52% 527.80 519.29 2.87 130.82 223.88 11.80% 57.60 47.61 43.54 54.38 43.88 36.29 16.55 12.99 39.10 31.81 88.30

35 Turbo Energy Ltd. Automobile ancillaries 433.31 540.02 286.65 363.55 67.32% 104.16 100.98 3.60 96.71 129.79 24.03% 73.76 52.18 51.02 65.20 67.56 47.60 18.63 15.73 54.81 40.91 88.80

36 Delphi-T V S Diesel Systems Ltd. Fuel injection equipment 484.46 545.35 372.33 406.09 74.46% 240.42 484.63 0.84 39.65 88.66 16.26% 43.57 35.08 55.89 61.03 59.06 50.36 7.82 7.39 19.95 15.43 89.10

37 Hi-Tech Gears Ltd. Drive transmission & steering parts 294.49 322.62 247.39 257.14 79.70% 139.78 142.29 1.81 30.81 47.95 14.86% 35.22 34.41 73.15 84.78 48.87 44.06 12.05 9.66 13.63 10.48 91.70

38 Motherson Sumi Systems Ltd. Wiring harness & parts 1316.59 1746.35 976.86 1332.27 76.29% 466.88 669.12 1.99 170.29 366.24 20.97% 47.27 39.52 80.37 93.36 48.36 45.61 10.50 8.77 18.62 17.46 93.50

39 Shriram Pistons & Rings Ltd. Pistons 607.74 754.92 370.25 446.90 59.20% 408.64 397.71 1.12 113.97 176.28 23.35% 59.96 48.44 62.14 62.57 40.85 38.09 21.64 20.62 50.19 44.12 93.70

40 Steel Strips Wheels Ltd. Wheels for automobiles 317.17 419.68 252.63 327.87 78.12% 341.76 337.87 0.97 46.51 59.08 14.08% 43.08 43.30 65.34 92.04 58.81 68.96 6.19 6.77 14.14 11.57 94.80

41 Pricol Ltd. Automobile equipment 646.77 783.14 522.94 611.41 78.07% 247.89 229.37 2.67 38.85 92.68 11.83% 76.55 72.44 32.15 81.23 86.27 60.67 11.86 9.04 28.69 20.07 95.10

42 R S B Transmissions (I) Ltd. Propeller shafts 195.26 545.67 156.78 443.30 81.24% 176.59 365.43 1.21 29.26 79.37 14.55% 26.41 15.57 63.99 55.87 49.87 27.74 32.40 18.58 34.06 19.18 97.00

43 Wheels India Ltd. Wheels for automobiles 1137.41 1246.03 983.87 1121.53 90.01% 324.69 404.32 2.77 109.97 91.15 7.32% 44.58 48.97 56.89 67.95 46.28 41.85 13.90 12.21 16.24 15.94 97.40

44 Sundram Fasteners Ltd. Automobile ancillaries 1257.06 1328.41 1010.64 1072.16 80.71% 541.88 560.12 1.91 106.85 182.82 13.76% 65.83 63.57 30.18 48.57 41.94 42.38 21.71 21.91 46.71 42.82 97.40

45 Sanden Vikas (India) Ltd. Automobile ancillaries, nec 301.16 405.13 132.99 281.55 69.50% 67.54 118.86 2.37 -11.60 25.50 6.29% 42.97 32.28 124.17 74.89 101.37 49.73 4.70 3.66 40.91 28.38 97.50

46 G K N Driveline (India) Ltd. Drive transmission & steering parts 423.52 437.90 312.82 317.22 72.44% 174.35 195.12 1.63 62.56 69.46 15.86% 21.75 28.23 65.17 81.55 46.92 53.89 9.80 9.62 15.25 14.62 98.20

47 Dynamatic Technologies Ltd. Hydraulic pumps 301.39 300.23 234.14 226.06 75.30% 200.21 218.34 1.04 43.92 52.37 17.44% 74.28 80.16 85.91 91.54 37.42 45.37 12.62 14.60 26.21 28.02 99.40

48 Sundaram-Clayton Ltd. Suspension & braking parts 516.44 518.70 415.68 396.24 76.39% 264.83 296.13 1.34 65.16 72.34 13.95% 56.12 52.11 27.57 32.55 54.67 70.24 8.04 11.08 62.85 58.60 99.40

49 Rico Auto Inds. Ltd. Automobile ancillaries 727.10 736.17 631.01 636.85 86.51% 456.13 496.94 1.28 98.36 93.13 12.65% 54.63 52.69 51.99 87.37 35.01 40.79 15.40 16.58 16.23 17.73 102.30

50 Federal-Mogul Goetze (India) Ltd. Piston rings 707.75 781.49 504.16 534.38 68.38% 387.06 366.27 1.46 72.86 122.91 15.73% 42.57 42.88 100.92 88.82 44.03 36.70 23.14 19.46 54.92 41.66 103.30

51 Jamna Auto Inds. Ltd. Leaf springs (Automotive) 452.61 559.29 389.99 474.66 84.87% 96.54 141.05 3.37 18.83 59.14 10.57% 50.56 35.41 92.26 115.08 24.60 21.84 29.05 18.28 40.01 29.49 104.10

52 Lumax Industries Ltd. Auto head lights 524.95 636.13 440.89 536.59 84.35% 220.52 239.86 2.24 26.05 50.53 7.94% 40.63 37.01 107.36 104.95 32.15 23.51 17.15 12.60 32.17 22.75 104.20

53 Halonix Ltd. Auto head lights 384.12 462.24 318.60 353.06 76.38% 114.25 105.88 3.33 27.09 7.63 1.65% 81.15 70.52 39.21 37.89 68.19 54.03 28.69 26.08 70.76 67.29 105.40

54 Tata Yazaki Autocomp Ltd. Wiring harness & parts 225.57 358.58 202.09 314.81 87.79% 48.69 63.44 4.96 -3.60 22.96 6.40% 32.45 26.66 126.02 114.07 69.31 57.68 9.03 7.64 14.22 11.68 106.30

55 Hema Engineering Inds. Ltd. Automobile ancillaries 307.32 357.73 282.67 326.56 91.29% 122.80 136.81 2.39 34.96 34.67 9.69% 55.06 53.65 87.42 101.07 40.94 46.36 22.90 25.15 24.43 26.35 118.90

AUTO

ANCILLAR

IES

industry 2.0 - technology management for decision-makers | march 2012 41

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Page 44: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

56 Tata Marcopolo Motors Ltd. Bus body 44.89 357.94 48.09 297.11 83.01% 178.68 247.32 1.20 -25.35 25.95 7.25% 64.90 28.66 433.66 138.53 89.68 56.34 10.88 11.22 12.29 12.42 119.40

57 Amtek Auto Ltd. Automobile ancillaries, nec 1051.42 1276.85 767.10 916.61 71.79% 2592.45 3199.50 0.29 394.65 491.82 38.52% 98.72 91.88 155.36 141.41 63.86 82.57 65.15 61.00 74.74 64.83 120.00

58 Axles India Ltd. Axle shafts 317.58 392.28 293.85 323.98 82.59% 84.41 94.72 3.42 3.32 28.72 7.32% 16.22 18.24 85.40 79.05 45.71 42.20 54.32 45.87 62.76 50.96 124.10

59 K L T Automotive & Tubular Products Ltd. Automobile engine parts 298.83 362.40 230.79 300.40 82.89% 209.18 267.24 1.12 49.56 60.39 16.66% 78.87 74.27 161.39 158.44 82.61 99.21 18.77 19.84 78.36 78.59 124.40

60 Hinduja Foundries Ltd. Automobile ancillaries 362.85 390.67 333.19 348.39 89.18% 501.29 490.96 0.71 32.23 59.10 15.13% 76.62 92.07 59.94 105.42 55.15 62.46 56.60 80.42 62.40 89.24 129.90

A U T O M O B I L E

1 Hero Motocorp Ltd. Motorcycles 12886.07 16355.59 9998.61 12110.98 74.05% 1573.71 1658.78 7.30 1964.65 3025.30 18.50% 5.93 2.84 44.62 54.71 9.64 9.71 0.68 0.75 2.57 2.27 21.90

2 Bajaj Auto Ltd. Motorcycles 8956.37 11772.99 6591.57 8276.93 70.30% 1526.88 1479.59 5.59 1103.79 2546.36 21.63% 12.21 8.96 53.06 71.88 6.77 6.78 0.78 0.90 11.65 10.18 22.40

3 Maruti Suzuki India Ltd. Passenger cars 20749.10 29331.20 16102.40 22680.00 77.32% 4070.80 5024.70 4.51 2433.30 4451.00 15.17% 12.82 10.20 50.88 36.14 13.56 12.35 0.99 0.66 7.96 4.62 25.40

4 T A F E Motors & Tractors Ltd. Tractors 987.98 1297.18 764.45 885.72 68.28% 243.22 159.53 5.55 118.86 268.88 20.73% 9.86 7.32 65.18 82.05 8.85 8.76 2.43 1.90 9.25 5.98 25.90

5 Hero Cycles Ltd. Bicycles 1485.55 1631.60 1277.97 1372.29 84.11% 170.60 167.71 8.18 150.67 378.54 23.20% 52.29 53.85 41.92 38.91 12.97 10.97 5.40 5.14 12.15 10.02 28.20

6 Avon Cycles Ltd. Bicycles 415.39 398.41 298.01 302.95 76.04% 65.95 86.47 3.50 44.86 59.11 14.84% 65.04 76.25 51.19 75.10 2.16 1.82 1.11 1.49 16.33 18.11 28.30

7 Otis Elevator Co. (India) Ltd. Lifts & elevators 665.56 690.60 441.34 467.83 67.74% 30.03 26.56 17.61 190.83 134.40 19.46% 73.84 73.65 236.22 268.73 52.28 56.19 2.36 1.96 2.57 2.12 30.10

8 Rockman Industries Ltd. Automobile ancillaries 386.03 707.60 332.86 584.30 82.57% 226.35 266.22 2.19 37.46 100.97 14.27% 43.39 39.37 69.06 66.83 7.88 8.15 3.12 2.56 4.27 3.57 31.80

9 J C B India Ltd. Earth moving machinery 1983.59 3116.99 1077.24 1939.51 62.22% 309.20 518.30 3.74 303.82 624.65 20.04% 48.95 32.54 57.42 72.49 18.37 16.77 2.07 2.01 16.36 15.11 34.10

10 Mahindra & Mahindra Ltd. Utility Vehicles incl. jeeps 13068.40 18572.29 10057.38 13198.17 71.06% 2567.60 2738.52 4.82 1466.17 3374.38 18.17% 26.79 22.25 91.72 69.48 17.64 15.53 2.46 2.16 21.99 16.26 35.20

11 Tractors & Farm Equipment Ltd. Tractors 2377.38 2977.15 1797.35 2089.20 70.17% 243.85 241.10 8.67 275.70 535.64 17.99% 39.81 36.65 74.61 88.72 16.92 15.21 2.41 2.34 20.15 18.42 35.90

12 Atlas Cycles (Haryana) Ltd. Bicycles 634.09 669.00 552.71 575.68 86.05% 76.41 80.27 7.17 21.34 20.65 3.09% 84.33 86.31 104.24 86.10 36.74 36.49 2.55 1.70 18.59 14.75 38.60

13 T V S Motor Co. Ltd. Two wheelers 3668.83 4359.01 3018.34 3494.75 80.17% 995.94 955.73 3.66 200.54 256.01 5.87% 12.57 16.05 52.69 54.75 25.32 20.79 2.59 2.41 19.76 12.66 40.80

14 Eicher Motors Ltd. Motorcycles 695.55 376.32 529.51 271.14 72.05% 61.87 63.77 4.25 49.47 55.54 14.76% 34.79 5.04 37.33 94.08 38.51 16.99 4.55 2.63 39.89 12.58 41.70

15 T R F Ltd. Material handling equipment 515.84 631.65 396.17 513.21 81.25% 20.35 27.47 18.68 79.25 84.34 13.35% 167.08 182.11 254.66 230.47 8.48 9.54 23.34 27.87 29.01 35.80 42.20

16 Hyundai Motor India Ltd. Passenger cars 16775.56 20363.43 14540.95 16870.36 82.85% 4716.36 4063.23 4.15 1215.34 1409.85 6.92% 28.17 33.80 59.86 56.74 27.95 23.40 3.04 2.86 18.15 12.92 42.70

17 Tecpro Systems Ltd. Material handling equipment 709.25 1457.40 353.75 621.84 42.67% 26.71 120.83 5.15 92.10 210.91 14.47% 147.94 160.41 227.72 212.48 40.66 49.42 27.00 22.27 17.27 15.09 43.00

18 Honda Siel Cars India Ltd. Passenger cars 3540.52 4104.42 2615.98 3641.53 88.72% 1158.14 1219.90 2.99 -83.42 266.34 6.49% 3.59 4.38 48.06 65.53 37.00 26.70 1.27 1.67 17.17 15.02 44.00

19 Avon Ispat & Power Ltd. Bicycle parts & accessories 564.26 656.54 505.92 618.95 94.27% 101.66 110.44 5.60 39.54 51.99 7.92% 76.81 72.52 64.76 81.23 13.85 9.96 18.23 19.78 33.34 30.77 45.20

20 Action Construction Equipment Ltd. Mobile cranes 442.19 429.93 387.07 352.05 81.89% 69.12 72.10 4.88 39.19 40.60 9.44% 41.77 43.12 48.07 69.61 23.82 31.40 7.27 10.68 18.37 26.43 49.00

21 Escorts Ltd. Tractors 2159.59 2750.06 1638.46 2140.99 77.85% 1456.90 1449.71 1.48 216.33 270.31 9.83% 83.97 62.50 129.57 100.83 33.30 27.56 3.32 3.03 16.10 18.20 49.80

22 L & T-Komatsu Ltd. Earth moving machinery 1076.91 1110.82 791.87 860.59 77.47% 99.71 96.88 8.88 48.14 118.25 10.65% 50.10 47.19 36.24 85.05 100.12 91.79 20.05 15.59 30.51 26.92 50.60

23 Cochin Shipyard Ltd. Ships, boats, etc. 1258.39 1256.83 784.89 796.57 63.38% 121.64 189.73 4.20 274.81 361.65 28.77% 103.61 183.53 791.97 608.90 187.31 229.48 26.13 37.22 55.77 39.77 52.70

24 Titagarh Wagons Ltd. Railway wagons, coaches, etc., nec 688.58 559.39 574.72 430.52 76.96% 63.83 82.16 5.24 106.20 110.22 19.70% 28.74 48.25 58.83 103.76 57.85 107.07 8.41 28.13 36.42 50.63 55.40

25 Mcnally Sayaji Engg. Ltd. Construction machinery 202.85 308.36 159.78 220.76 71.59% 127.46 148.85 1.48 41.86 56.70 18.39% 52.21 110.35 162.17 131.57 47.26 59.05 62.23 56.53 65.58 60.55 55.50

26 Telco Construction Equipment Co. Ltd. Scrappers, shovels & excavators 1939.77 1956.09 1197.12 1293.94 66.15% 274.75 513.18 2.52 190.38 216.43 11.06% 42.12 44.45 123.12 132.74 94.22 93.87 6.53 5.77 68.19 70.31 57.40

27 Elecon Engineering Co. Ltd. Material handling equipment 955.15 1043.95 792.00 751.72 72.01% 282.91 344.34 2.18 156.53 175.76 16.84% 167.67 159.78 152.22 148.61 81.81 81.33 84.94 91.72 99.85 102.70 59.20

28 B E M L Ltd. Earth moving machinery 2818.61 2851.91 2406.23 2363.34 82.87% 255.49 273.87 8.63 463.26 403.23 14.14% 189.12 178.33 143.50 112.09 143.35 170.28 60.67 76.21 95.03 128.89 59.40

29 A B G Shipyard Ltd. Ships, boats, etc. 1412.22 1807.67 1142.55 1340.30 74.15% 511.70 599.78 2.23 355.72 601.42 33.27% 6.18 11.09 386.50 247.04 203.55 245.39 83.57 98.83 84.35 99.99 67.50

30 Garden Reach Shipbuilders & Engineers Ltd. Ships, boats, etc. 762.07 418.55 538.99 652.03 155.78% 151.42 148.97 4.38 110.30 144.59 34.55% 48.66 93.57 1076.34 1120.96 489.08 492.21 284.21 1115.12 256.45 854.38 69.90

31 Hindustan Shipyard Ltd. Ships, boats, etc. 365.26 593.28 436.51 568.70 95.86% 63.90 68.77 8.27 -91.69 16.91 2.85% 138.77 78.19 531.21 527.18 202.74 245.54 135.16 118.81 153.77 127.89 70.00

32 Hindustan Aeronautics Ltd. Aircrafts 10360.51 11418.88 10950.47 11867.27 103.93% 6320.39 6410.00 1.85 2945.75 3379.75 29.60% 58.99 59.50 1057.91 927.74 241.29 232.25 119.79 153.07 174.54 211.81 71.80

C E M E N T

1 Shree Cement Ltd. Cement 2706.03 3621.25 1231.73 1444.40 39.89% 626.84 751.96 1.92 1003.20 1574.99 43.49% 6.36 6.40 57.51 77.91 97.81 123.94 5.00 3.52 10.06 8.51 21.30

2 J K Lakshmi Cement Ltd. Cement 1222.97 1489.82 615.59 681.57 45.75% 1013.09 1062.99 0.64 345.30 465.42 31.24% 5.55 6.01 62.54 70.19 81.87 75.41 4.69 2.45 9.27 7.77 22.20

3 Cement Manufacturing Co. Ltd. Cement 282.55 303.61 123.57 140.72 46.35% 119.18 117.36 1.20 99.66 115.63 38.09% 81.57 52.06 50.99 55.91 329.34 323.61 5.06 4.90 6.03 6.94 22.80

4 Prism Cement Ltd. Cement 639.08 2810.70 316.94 1207.50 42.96% 392.70 991.13 1.22 177.83 499.53 17.77% 1.46 13.46 70.57 72.15 264.04 60.21 8.07 3.90 11.91 13.13 22.80

5 Orient Paper & Inds. Ltd. Portland slag cement 1543.98 1671.18 754.87 943.70 56.47% 384.52 1115.93 0.85 368.64 317.61 19.01% 29.25 32.79 52.09 53.94 61.48 55.01 6.01 7.89 15.01 18.84 24.30

6 Penna Cement Inds. Ltd. Cement 1140.56 1226.33 554.48 560.27 45.69% 694.76 1149.13 0.49 349.85 294.01 23.97% 9.83 9.47 62.38 68.53 92.28 108.58 3.55 3.22 11.11 10.66 26.40

7 Meghalaya Cement Ltd. Cement 298.02 349.46 117.05 154.31 44.16% 82.02 101.77 1.52 106.06 127.04 36.35% 18.60 21.61 43.29 39.51 171.44 237.62 19.09 15.40 20.85 16.81 29.70

8 Saurashtra Cement Ltd. Ordinary portland cement 720.49 585.29 443.00 282.51 48.27% 158.89 262.57 1.08 28.52 118.76 20.29% 13.11 14.45 76.24 129.15 61.12 93.84 11.83 8.92 16.50 15.03 29.70

9 Gujarat Sidhee Cement Ltd. Cement 646.16 646.16 341.87 341.87 52.91% 65.83 65.83 5.19 100.65 100.65 15.58% 21.89 21.89 52.33 52.33 191.51 191.51 11.35 11.35 15.68 15.68 32.50

10 O C L India Ltd. Cement 1105.92 1357.91 654.67 800.53 58.95% 841.18 977.65 0.82 272.46 414.71 30.54% 32.33 28.28 77.60 81.52 103.03 104.58 8.56 6.34 28.86 26.11 33.20

11 My Home Inds. Ltd. Ordinary portland cement 973.94 827.05 399.21 428.17 51.77% 519.84 741.82 0.58 398.70 203.33 24.58% 10.27 15.09 43.57 65.26 122.26 130.99 11.77 14.02 13.81 18.91 35.50

12 Madras Cements Ltd. Cement 2431.72 2784.01 1232.90 1371.39 49.26% 2999.68 3692.51 0.37 789.46 872.68 31.35% 11.22 15.64 59.39 68.77 188.96 195.48 10.19 11.07 14.92 16.98 37.30

13 Rain Commodities Ltd. Cement 1003.03 838.25 327.51 379.25 45.24% 487.84 499.91 0.76 179.86 259.41 30.95% 28.52 28.21 51.05 50.79 130.22 165.30 10.65 19.42 8.51 22.75 37.50

14 Sagar Cements Ltd. Cement 269.60 427.11 120.32 223.49 52.33% 371.45 357.54 0.63 58.57 83.98 19.66% 16.56 22.90 79.55 61.42 221.48 184.30 5.80 9.38 16.23 20.74 38.00

15 Heidelberg Cement India Ltd. Cement 735.89 890.61 482.20 538.33 60.45% 273.99 316.25 1.70 131.40 203.23 22.82% 8.11 8.71 72.84 87.36 63.27 47.51 16.14 15.49 23.85 21.73 38.20

16 Ambuja Cements Ltd. Cement 6167.98 7071.46 2907.52 3422.22 48.39% 3192.75 3440.04 0.99 2264.27 2141.15 30.28% 9.99 9.26 67.12 65.85 168.20 137.20 16.61 15.54 24.93 22.11 40.60

17 Birla Corporation Ltd. Cement 1776.70 2136.10 987.24 1070.83 50.13% 660.05 698.68 1.53 500.60 842.49 39.44% 5.56 4.00 88.31 91.62 109.85 118.26 13.21 11.68 27.01 28.92 40.60

www.industry20.com42 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 45: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

AUTOM

OBILE

CEMEN

TRank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

56 Tata Marcopolo Motors Ltd. Bus body 44.89 357.94 48.09 297.11 83.01% 178.68 247.32 1.20 -25.35 25.95 7.25% 64.90 28.66 433.66 138.53 89.68 56.34 10.88 11.22 12.29 12.42 119.40

57 Amtek Auto Ltd. Automobile ancillaries, nec 1051.42 1276.85 767.10 916.61 71.79% 2592.45 3199.50 0.29 394.65 491.82 38.52% 98.72 91.88 155.36 141.41 63.86 82.57 65.15 61.00 74.74 64.83 120.00

58 Axles India Ltd. Axle shafts 317.58 392.28 293.85 323.98 82.59% 84.41 94.72 3.42 3.32 28.72 7.32% 16.22 18.24 85.40 79.05 45.71 42.20 54.32 45.87 62.76 50.96 124.10

59 K L T Automotive & Tubular Products Ltd. Automobile engine parts 298.83 362.40 230.79 300.40 82.89% 209.18 267.24 1.12 49.56 60.39 16.66% 78.87 74.27 161.39 158.44 82.61 99.21 18.77 19.84 78.36 78.59 124.40

60 Hinduja Foundries Ltd. Automobile ancillaries 362.85 390.67 333.19 348.39 89.18% 501.29 490.96 0.71 32.23 59.10 15.13% 76.62 92.07 59.94 105.42 55.15 62.46 56.60 80.42 62.40 89.24 129.90

A U T O M O B I L E

1 Hero Motocorp Ltd. Motorcycles 12886.07 16355.59 9998.61 12110.98 74.05% 1573.71 1658.78 7.30 1964.65 3025.30 18.50% 5.93 2.84 44.62 54.71 9.64 9.71 0.68 0.75 2.57 2.27 21.90

2 Bajaj Auto Ltd. Motorcycles 8956.37 11772.99 6591.57 8276.93 70.30% 1526.88 1479.59 5.59 1103.79 2546.36 21.63% 12.21 8.96 53.06 71.88 6.77 6.78 0.78 0.90 11.65 10.18 22.40

3 Maruti Suzuki India Ltd. Passenger cars 20749.10 29331.20 16102.40 22680.00 77.32% 4070.80 5024.70 4.51 2433.30 4451.00 15.17% 12.82 10.20 50.88 36.14 13.56 12.35 0.99 0.66 7.96 4.62 25.40

4 T A F E Motors & Tractors Ltd. Tractors 987.98 1297.18 764.45 885.72 68.28% 243.22 159.53 5.55 118.86 268.88 20.73% 9.86 7.32 65.18 82.05 8.85 8.76 2.43 1.90 9.25 5.98 25.90

5 Hero Cycles Ltd. Bicycles 1485.55 1631.60 1277.97 1372.29 84.11% 170.60 167.71 8.18 150.67 378.54 23.20% 52.29 53.85 41.92 38.91 12.97 10.97 5.40 5.14 12.15 10.02 28.20

6 Avon Cycles Ltd. Bicycles 415.39 398.41 298.01 302.95 76.04% 65.95 86.47 3.50 44.86 59.11 14.84% 65.04 76.25 51.19 75.10 2.16 1.82 1.11 1.49 16.33 18.11 28.30

7 Otis Elevator Co. (India) Ltd. Lifts & elevators 665.56 690.60 441.34 467.83 67.74% 30.03 26.56 17.61 190.83 134.40 19.46% 73.84 73.65 236.22 268.73 52.28 56.19 2.36 1.96 2.57 2.12 30.10

8 Rockman Industries Ltd. Automobile ancillaries 386.03 707.60 332.86 584.30 82.57% 226.35 266.22 2.19 37.46 100.97 14.27% 43.39 39.37 69.06 66.83 7.88 8.15 3.12 2.56 4.27 3.57 31.80

9 J C B India Ltd. Earth moving machinery 1983.59 3116.99 1077.24 1939.51 62.22% 309.20 518.30 3.74 303.82 624.65 20.04% 48.95 32.54 57.42 72.49 18.37 16.77 2.07 2.01 16.36 15.11 34.10

10 Mahindra & Mahindra Ltd. Utility Vehicles incl. jeeps 13068.40 18572.29 10057.38 13198.17 71.06% 2567.60 2738.52 4.82 1466.17 3374.38 18.17% 26.79 22.25 91.72 69.48 17.64 15.53 2.46 2.16 21.99 16.26 35.20

11 Tractors & Farm Equipment Ltd. Tractors 2377.38 2977.15 1797.35 2089.20 70.17% 243.85 241.10 8.67 275.70 535.64 17.99% 39.81 36.65 74.61 88.72 16.92 15.21 2.41 2.34 20.15 18.42 35.90

12 Atlas Cycles (Haryana) Ltd. Bicycles 634.09 669.00 552.71 575.68 86.05% 76.41 80.27 7.17 21.34 20.65 3.09% 84.33 86.31 104.24 86.10 36.74 36.49 2.55 1.70 18.59 14.75 38.60

13 T V S Motor Co. Ltd. Two wheelers 3668.83 4359.01 3018.34 3494.75 80.17% 995.94 955.73 3.66 200.54 256.01 5.87% 12.57 16.05 52.69 54.75 25.32 20.79 2.59 2.41 19.76 12.66 40.80

14 Eicher Motors Ltd. Motorcycles 695.55 376.32 529.51 271.14 72.05% 61.87 63.77 4.25 49.47 55.54 14.76% 34.79 5.04 37.33 94.08 38.51 16.99 4.55 2.63 39.89 12.58 41.70

15 T R F Ltd. Material handling equipment 515.84 631.65 396.17 513.21 81.25% 20.35 27.47 18.68 79.25 84.34 13.35% 167.08 182.11 254.66 230.47 8.48 9.54 23.34 27.87 29.01 35.80 42.20

16 Hyundai Motor India Ltd. Passenger cars 16775.56 20363.43 14540.95 16870.36 82.85% 4716.36 4063.23 4.15 1215.34 1409.85 6.92% 28.17 33.80 59.86 56.74 27.95 23.40 3.04 2.86 18.15 12.92 42.70

17 Tecpro Systems Ltd. Material handling equipment 709.25 1457.40 353.75 621.84 42.67% 26.71 120.83 5.15 92.10 210.91 14.47% 147.94 160.41 227.72 212.48 40.66 49.42 27.00 22.27 17.27 15.09 43.00

18 Honda Siel Cars India Ltd. Passenger cars 3540.52 4104.42 2615.98 3641.53 88.72% 1158.14 1219.90 2.99 -83.42 266.34 6.49% 3.59 4.38 48.06 65.53 37.00 26.70 1.27 1.67 17.17 15.02 44.00

19 Avon Ispat & Power Ltd. Bicycle parts & accessories 564.26 656.54 505.92 618.95 94.27% 101.66 110.44 5.60 39.54 51.99 7.92% 76.81 72.52 64.76 81.23 13.85 9.96 18.23 19.78 33.34 30.77 45.20

20 Action Construction Equipment Ltd. Mobile cranes 442.19 429.93 387.07 352.05 81.89% 69.12 72.10 4.88 39.19 40.60 9.44% 41.77 43.12 48.07 69.61 23.82 31.40 7.27 10.68 18.37 26.43 49.00

21 Escorts Ltd. Tractors 2159.59 2750.06 1638.46 2140.99 77.85% 1456.90 1449.71 1.48 216.33 270.31 9.83% 83.97 62.50 129.57 100.83 33.30 27.56 3.32 3.03 16.10 18.20 49.80

22 L & T-Komatsu Ltd. Earth moving machinery 1076.91 1110.82 791.87 860.59 77.47% 99.71 96.88 8.88 48.14 118.25 10.65% 50.10 47.19 36.24 85.05 100.12 91.79 20.05 15.59 30.51 26.92 50.60

23 Cochin Shipyard Ltd. Ships, boats, etc. 1258.39 1256.83 784.89 796.57 63.38% 121.64 189.73 4.20 274.81 361.65 28.77% 103.61 183.53 791.97 608.90 187.31 229.48 26.13 37.22 55.77 39.77 52.70

24 Titagarh Wagons Ltd. Railway wagons, coaches, etc., nec 688.58 559.39 574.72 430.52 76.96% 63.83 82.16 5.24 106.20 110.22 19.70% 28.74 48.25 58.83 103.76 57.85 107.07 8.41 28.13 36.42 50.63 55.40

25 Mcnally Sayaji Engg. Ltd. Construction machinery 202.85 308.36 159.78 220.76 71.59% 127.46 148.85 1.48 41.86 56.70 18.39% 52.21 110.35 162.17 131.57 47.26 59.05 62.23 56.53 65.58 60.55 55.50

26 Telco Construction Equipment Co. Ltd. Scrappers, shovels & excavators 1939.77 1956.09 1197.12 1293.94 66.15% 274.75 513.18 2.52 190.38 216.43 11.06% 42.12 44.45 123.12 132.74 94.22 93.87 6.53 5.77 68.19 70.31 57.40

27 Elecon Engineering Co. Ltd. Material handling equipment 955.15 1043.95 792.00 751.72 72.01% 282.91 344.34 2.18 156.53 175.76 16.84% 167.67 159.78 152.22 148.61 81.81 81.33 84.94 91.72 99.85 102.70 59.20

28 B E M L Ltd. Earth moving machinery 2818.61 2851.91 2406.23 2363.34 82.87% 255.49 273.87 8.63 463.26 403.23 14.14% 189.12 178.33 143.50 112.09 143.35 170.28 60.67 76.21 95.03 128.89 59.40

29 A B G Shipyard Ltd. Ships, boats, etc. 1412.22 1807.67 1142.55 1340.30 74.15% 511.70 599.78 2.23 355.72 601.42 33.27% 6.18 11.09 386.50 247.04 203.55 245.39 83.57 98.83 84.35 99.99 67.50

30 Garden Reach Shipbuilders & Engineers Ltd. Ships, boats, etc. 762.07 418.55 538.99 652.03 155.78% 151.42 148.97 4.38 110.30 144.59 34.55% 48.66 93.57 1076.34 1120.96 489.08 492.21 284.21 1115.12 256.45 854.38 69.90

31 Hindustan Shipyard Ltd. Ships, boats, etc. 365.26 593.28 436.51 568.70 95.86% 63.90 68.77 8.27 -91.69 16.91 2.85% 138.77 78.19 531.21 527.18 202.74 245.54 135.16 118.81 153.77 127.89 70.00

32 Hindustan Aeronautics Ltd. Aircrafts 10360.51 11418.88 10950.47 11867.27 103.93% 6320.39 6410.00 1.85 2945.75 3379.75 29.60% 58.99 59.50 1057.91 927.74 241.29 232.25 119.79 153.07 174.54 211.81 71.80

C E M E N T

1 Shree Cement Ltd. Cement 2706.03 3621.25 1231.73 1444.40 39.89% 626.84 751.96 1.92 1003.20 1574.99 43.49% 6.36 6.40 57.51 77.91 97.81 123.94 5.00 3.52 10.06 8.51 21.30

2 J K Lakshmi Cement Ltd. Cement 1222.97 1489.82 615.59 681.57 45.75% 1013.09 1062.99 0.64 345.30 465.42 31.24% 5.55 6.01 62.54 70.19 81.87 75.41 4.69 2.45 9.27 7.77 22.20

3 Cement Manufacturing Co. Ltd. Cement 282.55 303.61 123.57 140.72 46.35% 119.18 117.36 1.20 99.66 115.63 38.09% 81.57 52.06 50.99 55.91 329.34 323.61 5.06 4.90 6.03 6.94 22.80

4 Prism Cement Ltd. Cement 639.08 2810.70 316.94 1207.50 42.96% 392.70 991.13 1.22 177.83 499.53 17.77% 1.46 13.46 70.57 72.15 264.04 60.21 8.07 3.90 11.91 13.13 22.80

5 Orient Paper & Inds. Ltd. Portland slag cement 1543.98 1671.18 754.87 943.70 56.47% 384.52 1115.93 0.85 368.64 317.61 19.01% 29.25 32.79 52.09 53.94 61.48 55.01 6.01 7.89 15.01 18.84 24.30

6 Penna Cement Inds. Ltd. Cement 1140.56 1226.33 554.48 560.27 45.69% 694.76 1149.13 0.49 349.85 294.01 23.97% 9.83 9.47 62.38 68.53 92.28 108.58 3.55 3.22 11.11 10.66 26.40

7 Meghalaya Cement Ltd. Cement 298.02 349.46 117.05 154.31 44.16% 82.02 101.77 1.52 106.06 127.04 36.35% 18.60 21.61 43.29 39.51 171.44 237.62 19.09 15.40 20.85 16.81 29.70

8 Saurashtra Cement Ltd. Ordinary portland cement 720.49 585.29 443.00 282.51 48.27% 158.89 262.57 1.08 28.52 118.76 20.29% 13.11 14.45 76.24 129.15 61.12 93.84 11.83 8.92 16.50 15.03 29.70

9 Gujarat Sidhee Cement Ltd. Cement 646.16 646.16 341.87 341.87 52.91% 65.83 65.83 5.19 100.65 100.65 15.58% 21.89 21.89 52.33 52.33 191.51 191.51 11.35 11.35 15.68 15.68 32.50

10 O C L India Ltd. Cement 1105.92 1357.91 654.67 800.53 58.95% 841.18 977.65 0.82 272.46 414.71 30.54% 32.33 28.28 77.60 81.52 103.03 104.58 8.56 6.34 28.86 26.11 33.20

11 My Home Inds. Ltd. Ordinary portland cement 973.94 827.05 399.21 428.17 51.77% 519.84 741.82 0.58 398.70 203.33 24.58% 10.27 15.09 43.57 65.26 122.26 130.99 11.77 14.02 13.81 18.91 35.50

12 Madras Cements Ltd. Cement 2431.72 2784.01 1232.90 1371.39 49.26% 2999.68 3692.51 0.37 789.46 872.68 31.35% 11.22 15.64 59.39 68.77 188.96 195.48 10.19 11.07 14.92 16.98 37.30

13 Rain Commodities Ltd. Cement 1003.03 838.25 327.51 379.25 45.24% 487.84 499.91 0.76 179.86 259.41 30.95% 28.52 28.21 51.05 50.79 130.22 165.30 10.65 19.42 8.51 22.75 37.50

14 Sagar Cements Ltd. Cement 269.60 427.11 120.32 223.49 52.33% 371.45 357.54 0.63 58.57 83.98 19.66% 16.56 22.90 79.55 61.42 221.48 184.30 5.80 9.38 16.23 20.74 38.00

15 Heidelberg Cement India Ltd. Cement 735.89 890.61 482.20 538.33 60.45% 273.99 316.25 1.70 131.40 203.23 22.82% 8.11 8.71 72.84 87.36 63.27 47.51 16.14 15.49 23.85 21.73 38.20

16 Ambuja Cements Ltd. Cement 6167.98 7071.46 2907.52 3422.22 48.39% 3192.75 3440.04 0.99 2264.27 2141.15 30.28% 9.99 9.26 67.12 65.85 168.20 137.20 16.61 15.54 24.93 22.11 40.60

17 Birla Corporation Ltd. Cement 1776.70 2136.10 987.24 1070.83 50.13% 660.05 698.68 1.53 500.60 842.49 39.44% 5.56 4.00 88.31 91.62 109.85 118.26 13.21 11.68 27.01 28.92 40.60

industry 2.0 - technology management for decision-makers | march 2012 43

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Page 46: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

18 J K Cement Ltd. Pozzolana portland cement 1484.67 1815.22 734.82 858.31 47.28% 1215.73 2052.23 0.42 341.06 466.18 25.68% 11.06 11.01 70.77 74.64 145.81 166.12 7.73 13.98 13.33 19.96 41.70

19 Mangalam Cement Ltd. Ordinary portland cement 601.61 654.46 300.97 323.58 49.44% 276.54 258.10 1.25 160.65 211.73 32.35% 2.91 3.71 39.53 53.37 221.28 149.87 19.90 17.02 25.58 23.99 41.80

20 Century Textiles & Inds. Ltd. Cement 3954.33 4587.65 2564.19 2866.10 62.47% 2579.75 2484.37 1.15 662.86 875.94 19.09% 13.55 14.07 64.41 68.23 102.88 104.91 12.38 16.05 38.16 45.85 44.30

21 India Cements Ltd. Cement 3226.51 3685.13 1611.76 1947.68 52.85% 3808.27 3918.62 0.50 956.26 899.37 24.41% 33.12 38.38 139.51 126.00 230.85 182.07 16.29 15.53 22.17 20.05 44.60

22 Chettinad Cement Corpn. Ltd. Cement 1124.09 1363.01 545.01 664.75 48.77% 809.41 1147.80 0.58 473.24 523.33 38.40% 7.47 13.49 61.54 51.11 206.44 218.36 15.89 18.87 23.31 26.05 44.80

23 A C C Ltd. Cement 7108.42 7921.43 3467.85 3430.35 43.30% 3469.70 4158.29 0.82 2113.93 2742.38 34.62% 13.35 11.71 99.88 112.58 178.28 173.96 17.96 18.72 25.60 26.77 46.50

24 Ultratech Cement Ltd. Cement 6353.30 7001.91 3220.88 3245.10 46.35% 4635.69 4941.68 0.66 1799.66 2088.18 29.82% 10.46 9.68 70.24 69.90 143.21 132.00 16.98 19.11 24.99 27.74 46.60

25 K C P Ltd. Cement 346.45 357.64 222.03 223.11 62.38% 123.02 129.84 1.72 114.27 110.80 30.98% 53.69 55.42 107.91 119.65 114.93 140.37 63.87 67.34 77.15 78.16 47.80

26 Cement Corpn. Of India Ltd. Cement 324.00 334.43 209.03 210.82 63.04% 114.73 107.35 1.96 103.42 101.59 30.38% 21.74 21.20 311.35 306.15 824.01 890.16 31.71 39.51 48.64 58.02 57.00

C H E M I C A L S

1 Nagarjuna Fertilizers & Chemicals Ltd. [Merged] Urea 2371.29 1985.53 1343.96 872.44 43.94% 1961.27 1855.09 0.47 340.55 389.53 19.62% 49.78 59.43 55.86 71.87 14.67 20.88 0.49 0.45 20.25 10.25 39.10

2 National Fertilizers Ltd. Urea 5045.50 5058.41 4492.35 4098.01 81.01% 734.41 665.80 6.16 290.91 364.87 7.21% 62.44 67.52 49.44 44.78 32.24 35.60 1.12 1.37 9.23 7.31 47.20

3 Chambal Fertilisers & Chemicals Ltd. Urea 4607.61 3547.67 2003.21 1866.45 52.61% 2870.64 2932.01 0.64 673.26 706.73 19.92% 32.62 62.72 105.53 28.02 47.48 38.20 1.61 1.97 17.69 22.26 52.30

4 Solar Industries India Ltd. Industrial explosives 398.26 446.47 219.17 243.95 54.64% 87.75 88.49 2.76 50.37 64.06 14.35% 44.38 59.22 123.83 118.23 25.59 35.84 0.06 0.86 7.27 5.05 53.60

5 Zuari Industries Ltd. NPK mixed fertilisers 6090.01 4278.21 3544.46 2315.07 54.11% 159.36 163.41 14.17 203.82 256.54 6.00% 47.09 72.50 132.86 57.52 28.70 50.45 1.24 1.91 12.38 17.41 57.30

6 Manali Petrochemicals Ltd. Propylene glycol 354.53 387.11 282.75 321.89 83.15% 66.00 76.29 4.22 19.63 35.54 9.18% 30.17 29.62 28.30 39.84 33.09 25.23 2.63 1.46 21.24 15.73 57.90

7 I G Petrochemicals Ltd. Phthalic Anhydride 556.99 542.18 490.51 457.73 84.42% 237.59 223.25 2.05 36.48 61.07 11.26% 27.87 26.55 49.24 44.29 19.13 21.83 1.75 1.96 8.97 7.40 60.80

8 Mangalore Chemicals & Fertilizers Ltd. Urea 2470.03 2075.36 1823.01 1297.34 62.51% 319.92 357.08 3.63 96.28 126.28 6.08% 1.93 2.32 37.56 43.61 38.33 58.47 0.16 0.18 2.87 2.71 65.20

9 Jocil Ltd. Fatty acids 194.03 301.31 167.82 262.35 87.07% 48.32 55.06 4.76 20.78 37.78 12.54% 37.04 32.92 21.48 18.40 14.51 14.06 5.97 9.29 21.74 21.30 65.50

10 Meghmani Organics Ltd. Pesticides 792.33 751.93 563.47 555.28 73.85% 141.36 145.99 3.80 99.25 111.97 14.89% 120.45 143.47 63.82 70.49 21.87 28.90 11.05 4.48 40.25 46.42 67.70

11 Akzo Nobel India Ltd. Decorative paints 999.50 1036.20 503.60 476.60 45.99% 133.10 138.10 3.45 402.90 222.31 21.45% 32.20 28.84 72.66 81.23 18.89 15.01 1.66 2.00 55.01 52.08 68.00

12 Clariant Chemicals (India) Ltd. Dyes 928.40 933.49 573.68 526.22 56.37% 154.06 138.90 3.79 128.86 182.76 19.58% 49.75 52.12 52.20 73.54 28.80 26.69 7.70 6.82 38.08 32.89 68.30

13 Rashtriya Chemicals & Fertilizers Ltd. Urea 8394.16 5672.72 3868.83 2721.41 47.97% 1076.51 1242.06 2.19 523.05 522.71 9.21% 64.70 86.43 79.94 49.06 72.48 85.81 2.10 2.58 21.67 12.12 69.10

14 Inox Air Products Ltd. Oxygen 383.96 526.45 178.04 253.05 48.07% 921.23 921.99 0.27 203.46 261.95 49.76% 67.10 51.54 131.37 82.99 241.14 262.29 0.49 0.09 7.81 5.85 69.70

15 Gujarat Alkalies & Chemicals Ltd. Sodium hydroxide (Caustic Soda) 1409.55 1299.72 954.76 961.32 73.96% 1432.92 1517.98 0.63 404.98 360.19 27.71% 53.72 69.54 71.02 78.66 65.62 67.26 1.58 1.76 12.69 13.97 69.90

16 Indian Farmers Fertiliser Co-Op. Ltd. Mixed fertilisers 32948.43 16823.94 15830.00 10226.62 60.79% 4961.04 4818.70 2.12 1962.36 1787.17 10.62% 4.55 5.16 33.00 42.39 33.14 47.87 0.92 2.04 4.26 8.67 70.30

17 Jindal Photo Ltd. Photographic or cinematographic goods 370.70 378.83 226.55 216.01 57.02% 29.60 28.54 7.57 41.81 23.31 6.15% 5.47 4.82 19.69 23.57 36.34 38.70 1.05 1.35 38.58 43.52 71.10

18 Riddhi Siddhi Gluco Biols Ltd. Starches 532.93 745.08 455.01 591.47 79.38% 314.38 317.88 1.86 62.62 120.01 16.11% 44.42 34.71 13.84 27.22 60.27 45.64 6.81 4.92 13.78 10.97 72.00

19 Kansai Nerolac Paints Ltd. Industrial paints 1478.00 1812.54 995.44 1197.71 66.08% 237.45 289.35 4.14 179.64 284.12 15.68% 46.32 40.90 58.74 62.66 23.55 24.32 5.41 5.66 39.91 41.00 73.10

20 S I Group-India Ltd. Phenol 629.15 691.45 547.10 567.68 82.10% 147.84 136.04 4.17 -0.66 79.97 11.57% 58.63 56.37 29.98 47.65 39.75 37.67 8.28 6.37 25.01 18.61 73.40

21 Sudarshan Chemical Inds. Ltd. Pigments 452.06 567.22 343.75 405.39 71.47% 78.90 86.62 4.68 54.72 88.15 15.54% 62.19 62.12 43.73 61.47 37.19 34.30 10.69 11.07 49.27 38.48 74.80

22 Sabero Organics Gujarat Ltd. Organophosphorous insecticides 366.53 430.27 281.66 306.39 71.21% 89.39 91.92 3.33 50.33 82.88 19.26% 40.49 52.80 102.61 70.17 23.36 38.94 7.12 5.49 36.83 29.40 75.10

23 Tamilnadu Petroproducts Ltd. Linear alkyl benzene 942.75 909.24 783.70 701.84 77.19% 359.71 381.25 1.84 60.56 65.88 7.25% 18.28 21.76 60.15 65.05 32.28 53.89 0.41 0.34 7.06 6.22 76.40

24 Pidilite Industries Ltd. Glues (adhesive) 1763.84 1930.78 1258.69 1202.42 62.28% 434.53 417.46 2.88 242.21 408.23 21.14% 45.19 44.71 49.18 71.82 40.15 35.60 4.83 5.50 36.43 43.08 78.50

25 Thirumalai Chemicals Ltd. Phthalic Anhydride 468.84 623.02 411.69 487.99 78.33% 108.11 110.77 4.41 -40.67 70.45 11.31% 100.77 92.95 91.39 93.95 57.00 39.32 6.69 3.90 33.15 31.03 78.60

26 Coromandel International Ltd. Ammonium phosphate (16-20-0) 9536.97 6400.61 7574.16 4380.10 68.43% 764.02 804.04 5.45 949.03 843.04 13.17% 4.11 7.28 69.99 62.23 37.68 63.19 0.59 1.33 15.49 29.76 80.20

27 Asian Paints Ltd. Decorative paints 4498.75 5345.59 2923.92 3267.22 61.12% 622.91 707.46 4.62 615.88 1185.46 22.18% 20.71 20.64 63.52 85.77 31.83 34.38 4.76 4.90 39.17 43.81 80.20

28 Bodal Chemicals Ltd. Chemicals 404.98 479.47 357.24 416.47 86.86% 110.84 186.60 2.23 2.55 51.37 10.71% 72.72 63.04 71.80 78.67 25.07 21.63 10.62 12.16 22.65 23.15 80.40

29 Sree Rayalaseema Alkalies & Allied Chemicals Ltd. Sodium hydroxide (Caustic Soda) 687.72 589.16 527.38 490.69 83.29% 402.33 410.91 1.19 118.65 96.35 16.35% 26.06 31.93 72.42 88.38 30.89 33.12 2.08 2.51 23.05 21.54 80.70

30 Kanoria Chemicals & Inds. Ltd. Inorganic chemicals 497.25 424.33 353.62 308.28 72.65% 535.77 521.32 0.59 88.52 99.36 23.42% 36.95 44.17 43.27 49.99 42.68 67.37 3.68 4.17 22.23 23.55 84.40

31 Cheminova India Ltd. Pesticides 340.17 412.83 241.54 235.16 56.96% 38.81 36.90 6.37 47.46 52.65 12.75% 111.08 101.19 75.68 122.58 38.73 57.57 3.50 3.82 49.76 46.36 85.30

32 Tata Chemicals Ltd. Fertilisers 8353.70 5405.90 4514.34 2940.89 54.40% 1544.98 1592.44 1.85 1016.07 981.33 18.15% 36.18 53.90 85.21 90.87 50.34 83.32 1.71 2.56 17.03 25.01 86.50

33 Navin Fluorine Intl. Ltd. Fluro carbon 418.64 428.21 263.46 208.60 48.71% 134.07 147.17 1.42 94.21 135.89 31.73% 55.53 41.58 133.48 153.66 67.37 83.46 2.58 1.57 32.09 29.01 86.70

34 Micro Inks Ltd. Printing ink 1358.65 1389.20 982.54 1039.85 74.85% 338.29 310.31 3.35 171.16 216.05 15.55% 93.09 92.49 57.45 73.76 50.38 47.37 19.48 15.89 31.86 29.54 86.70

35 Shalimar Paints Ltd. Decorative paints 333.08 367.24 218.37 245.33 66.80% 25.84 32.06 7.65 17.79 26.10 7.11% 77.50 78.61 84.23 102.09 38.28 36.59 7.54 5.12 54.83 50.99 87.40

36 Deepak Nitrite Ltd. Sodium nitrite 578.30 537.13 412.95 408.17 75.99% 164.66 166.07 2.46 74.37 52.79 9.83% 49.57 55.74 30.74 55.73 17.84 14.66 21.97 20.12 39.41 42.75 87.70

37 Nocil Ltd. Rubber chemicals 476.24 438.87 378.59 357.10 81.37% 82.65 79.34 4.50 66.39 61.32 13.97% 60.41 67.03 43.35 56.44 37.74 43.49 11.06 11.03 42.61 47.71 87.90

38 Berger Paints India Ltd. Decorative paints 1516.12 1693.22 1056.26 1120.64 66.18% 162.30 185.59 6.04 158.48 200.56 11.84% 36.46 38.40 48.62 58.12 36.21 35.54 5.85 5.71 56.29 55.80 88.50

39 Gujarat State Fertilizers & Chemicals Ltd. Urea 5883.47 4015.45 4588.41 3142.61 78.26% 1199.24 1078.38 2.91 922.23 560.67 13.96% 33.69 51.97 33.37 42.65 40.49 64.58 4.57 7.45 19.68 25.75 88.70

40 Gujarat Narmada Valley Fertilizers Co. Ltd. Urea 2886.63 2608.34 1975.93 1921.32 73.66% 1229.49 1169.35 1.64 500.35 360.23 13.81% 41.09 24.94 30.85 53.27 76.42 92.65 4.99 2.10 21.13 14.88 89.50

41 Nagarjuna Agrichem Ltd. Monocrotophos 604.56 646.45 434.30 508.75 78.70% 157.78 154.00 3.30 113.84 124.28 19.22% 41.51 63.92 67.97 77.86 42.88 45.44 10.97 9.61 33.66 53.67 93.70

42 Godrej Industries Ltd. Organic chemicals 807.81 809.37 717.32 730.70 90.28% 263.86 276.31 2.64 92.10 159.16 19.66% 65.29 58.45 56.45 86.68 52.55 34.11 18.19 18.45 33.43 33.67 93.70

43 Rallis India Ltd. Pesticides 845.02 880.76 552.37 556.04 63.13% 158.59 152.73 3.64 131.62 171.35 19.45% 59.95 46.50 89.63 118.47 47.97 43.57 5.10 5.01 51.99 55.75 96.00

44 Aarti Industries Ltd. Dinitrochlorobenzene 1427.85 1281.94 1006.53 919.94 71.76% 366.77 381.66 2.41 236.79 198.83 15.51% 55.39 71.38 20.56 46.02 33.17 46.36 23.59 31.11 40.81 50.63 96.90

45 United Phosphorus Ltd. Pesticides 2483.66 2695.81 1762.68 1601.86 59.42% 921.33 972.78 1.65 375.41 454.75 16.87% 88.86 99.79 118.28 99.67 50.78 52.44 12.29 13.43 43.77 41.95 97.00

46 M C C Pta India Corpn. Pvt. Ltd. Purified Terephthalic acid (PTA) 1413.04 1757.86 1604.30 1408.44 80.12% 774.41 785.43 1.79 -429.63 218.96 12.46% 31.66 18.04 202.19 249.18 46.16 69.57 1.97 1.81 15.87 13.57 100.00

www.industry20.com44 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 47: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

18 J K Cement Ltd. Pozzolana portland cement 1484.67 1815.22 734.82 858.31 47.28% 1215.73 2052.23 0.42 341.06 466.18 25.68% 11.06 11.01 70.77 74.64 145.81 166.12 7.73 13.98 13.33 19.96 41.70

19 Mangalam Cement Ltd. Ordinary portland cement 601.61 654.46 300.97 323.58 49.44% 276.54 258.10 1.25 160.65 211.73 32.35% 2.91 3.71 39.53 53.37 221.28 149.87 19.90 17.02 25.58 23.99 41.80

20 Century Textiles & Inds. Ltd. Cement 3954.33 4587.65 2564.19 2866.10 62.47% 2579.75 2484.37 1.15 662.86 875.94 19.09% 13.55 14.07 64.41 68.23 102.88 104.91 12.38 16.05 38.16 45.85 44.30

21 India Cements Ltd. Cement 3226.51 3685.13 1611.76 1947.68 52.85% 3808.27 3918.62 0.50 956.26 899.37 24.41% 33.12 38.38 139.51 126.00 230.85 182.07 16.29 15.53 22.17 20.05 44.60

22 Chettinad Cement Corpn. Ltd. Cement 1124.09 1363.01 545.01 664.75 48.77% 809.41 1147.80 0.58 473.24 523.33 38.40% 7.47 13.49 61.54 51.11 206.44 218.36 15.89 18.87 23.31 26.05 44.80

23 A C C Ltd. Cement 7108.42 7921.43 3467.85 3430.35 43.30% 3469.70 4158.29 0.82 2113.93 2742.38 34.62% 13.35 11.71 99.88 112.58 178.28 173.96 17.96 18.72 25.60 26.77 46.50

24 Ultratech Cement Ltd. Cement 6353.30 7001.91 3220.88 3245.10 46.35% 4635.69 4941.68 0.66 1799.66 2088.18 29.82% 10.46 9.68 70.24 69.90 143.21 132.00 16.98 19.11 24.99 27.74 46.60

25 K C P Ltd. Cement 346.45 357.64 222.03 223.11 62.38% 123.02 129.84 1.72 114.27 110.80 30.98% 53.69 55.42 107.91 119.65 114.93 140.37 63.87 67.34 77.15 78.16 47.80

26 Cement Corpn. Of India Ltd. Cement 324.00 334.43 209.03 210.82 63.04% 114.73 107.35 1.96 103.42 101.59 30.38% 21.74 21.20 311.35 306.15 824.01 890.16 31.71 39.51 48.64 58.02 57.00

C H E M I C A L S

1 Nagarjuna Fertilizers & Chemicals Ltd. [Merged] Urea 2371.29 1985.53 1343.96 872.44 43.94% 1961.27 1855.09 0.47 340.55 389.53 19.62% 49.78 59.43 55.86 71.87 14.67 20.88 0.49 0.45 20.25 10.25 39.10

2 National Fertilizers Ltd. Urea 5045.50 5058.41 4492.35 4098.01 81.01% 734.41 665.80 6.16 290.91 364.87 7.21% 62.44 67.52 49.44 44.78 32.24 35.60 1.12 1.37 9.23 7.31 47.20

3 Chambal Fertilisers & Chemicals Ltd. Urea 4607.61 3547.67 2003.21 1866.45 52.61% 2870.64 2932.01 0.64 673.26 706.73 19.92% 32.62 62.72 105.53 28.02 47.48 38.20 1.61 1.97 17.69 22.26 52.30

4 Solar Industries India Ltd. Industrial explosives 398.26 446.47 219.17 243.95 54.64% 87.75 88.49 2.76 50.37 64.06 14.35% 44.38 59.22 123.83 118.23 25.59 35.84 0.06 0.86 7.27 5.05 53.60

5 Zuari Industries Ltd. NPK mixed fertilisers 6090.01 4278.21 3544.46 2315.07 54.11% 159.36 163.41 14.17 203.82 256.54 6.00% 47.09 72.50 132.86 57.52 28.70 50.45 1.24 1.91 12.38 17.41 57.30

6 Manali Petrochemicals Ltd. Propylene glycol 354.53 387.11 282.75 321.89 83.15% 66.00 76.29 4.22 19.63 35.54 9.18% 30.17 29.62 28.30 39.84 33.09 25.23 2.63 1.46 21.24 15.73 57.90

7 I G Petrochemicals Ltd. Phthalic Anhydride 556.99 542.18 490.51 457.73 84.42% 237.59 223.25 2.05 36.48 61.07 11.26% 27.87 26.55 49.24 44.29 19.13 21.83 1.75 1.96 8.97 7.40 60.80

8 Mangalore Chemicals & Fertilizers Ltd. Urea 2470.03 2075.36 1823.01 1297.34 62.51% 319.92 357.08 3.63 96.28 126.28 6.08% 1.93 2.32 37.56 43.61 38.33 58.47 0.16 0.18 2.87 2.71 65.20

9 Jocil Ltd. Fatty acids 194.03 301.31 167.82 262.35 87.07% 48.32 55.06 4.76 20.78 37.78 12.54% 37.04 32.92 21.48 18.40 14.51 14.06 5.97 9.29 21.74 21.30 65.50

10 Meghmani Organics Ltd. Pesticides 792.33 751.93 563.47 555.28 73.85% 141.36 145.99 3.80 99.25 111.97 14.89% 120.45 143.47 63.82 70.49 21.87 28.90 11.05 4.48 40.25 46.42 67.70

11 Akzo Nobel India Ltd. Decorative paints 999.50 1036.20 503.60 476.60 45.99% 133.10 138.10 3.45 402.90 222.31 21.45% 32.20 28.84 72.66 81.23 18.89 15.01 1.66 2.00 55.01 52.08 68.00

12 Clariant Chemicals (India) Ltd. Dyes 928.40 933.49 573.68 526.22 56.37% 154.06 138.90 3.79 128.86 182.76 19.58% 49.75 52.12 52.20 73.54 28.80 26.69 7.70 6.82 38.08 32.89 68.30

13 Rashtriya Chemicals & Fertilizers Ltd. Urea 8394.16 5672.72 3868.83 2721.41 47.97% 1076.51 1242.06 2.19 523.05 522.71 9.21% 64.70 86.43 79.94 49.06 72.48 85.81 2.10 2.58 21.67 12.12 69.10

14 Inox Air Products Ltd. Oxygen 383.96 526.45 178.04 253.05 48.07% 921.23 921.99 0.27 203.46 261.95 49.76% 67.10 51.54 131.37 82.99 241.14 262.29 0.49 0.09 7.81 5.85 69.70

15 Gujarat Alkalies & Chemicals Ltd. Sodium hydroxide (Caustic Soda) 1409.55 1299.72 954.76 961.32 73.96% 1432.92 1517.98 0.63 404.98 360.19 27.71% 53.72 69.54 71.02 78.66 65.62 67.26 1.58 1.76 12.69 13.97 69.90

16 Indian Farmers Fertiliser Co-Op. Ltd. Mixed fertilisers 32948.43 16823.94 15830.00 10226.62 60.79% 4961.04 4818.70 2.12 1962.36 1787.17 10.62% 4.55 5.16 33.00 42.39 33.14 47.87 0.92 2.04 4.26 8.67 70.30

17 Jindal Photo Ltd. Photographic or cinematographic goods 370.70 378.83 226.55 216.01 57.02% 29.60 28.54 7.57 41.81 23.31 6.15% 5.47 4.82 19.69 23.57 36.34 38.70 1.05 1.35 38.58 43.52 71.10

18 Riddhi Siddhi Gluco Biols Ltd. Starches 532.93 745.08 455.01 591.47 79.38% 314.38 317.88 1.86 62.62 120.01 16.11% 44.42 34.71 13.84 27.22 60.27 45.64 6.81 4.92 13.78 10.97 72.00

19 Kansai Nerolac Paints Ltd. Industrial paints 1478.00 1812.54 995.44 1197.71 66.08% 237.45 289.35 4.14 179.64 284.12 15.68% 46.32 40.90 58.74 62.66 23.55 24.32 5.41 5.66 39.91 41.00 73.10

20 S I Group-India Ltd. Phenol 629.15 691.45 547.10 567.68 82.10% 147.84 136.04 4.17 -0.66 79.97 11.57% 58.63 56.37 29.98 47.65 39.75 37.67 8.28 6.37 25.01 18.61 73.40

21 Sudarshan Chemical Inds. Ltd. Pigments 452.06 567.22 343.75 405.39 71.47% 78.90 86.62 4.68 54.72 88.15 15.54% 62.19 62.12 43.73 61.47 37.19 34.30 10.69 11.07 49.27 38.48 74.80

22 Sabero Organics Gujarat Ltd. Organophosphorous insecticides 366.53 430.27 281.66 306.39 71.21% 89.39 91.92 3.33 50.33 82.88 19.26% 40.49 52.80 102.61 70.17 23.36 38.94 7.12 5.49 36.83 29.40 75.10

23 Tamilnadu Petroproducts Ltd. Linear alkyl benzene 942.75 909.24 783.70 701.84 77.19% 359.71 381.25 1.84 60.56 65.88 7.25% 18.28 21.76 60.15 65.05 32.28 53.89 0.41 0.34 7.06 6.22 76.40

24 Pidilite Industries Ltd. Glues (adhesive) 1763.84 1930.78 1258.69 1202.42 62.28% 434.53 417.46 2.88 242.21 408.23 21.14% 45.19 44.71 49.18 71.82 40.15 35.60 4.83 5.50 36.43 43.08 78.50

25 Thirumalai Chemicals Ltd. Phthalic Anhydride 468.84 623.02 411.69 487.99 78.33% 108.11 110.77 4.41 -40.67 70.45 11.31% 100.77 92.95 91.39 93.95 57.00 39.32 6.69 3.90 33.15 31.03 78.60

26 Coromandel International Ltd. Ammonium phosphate (16-20-0) 9536.97 6400.61 7574.16 4380.10 68.43% 764.02 804.04 5.45 949.03 843.04 13.17% 4.11 7.28 69.99 62.23 37.68 63.19 0.59 1.33 15.49 29.76 80.20

27 Asian Paints Ltd. Decorative paints 4498.75 5345.59 2923.92 3267.22 61.12% 622.91 707.46 4.62 615.88 1185.46 22.18% 20.71 20.64 63.52 85.77 31.83 34.38 4.76 4.90 39.17 43.81 80.20

28 Bodal Chemicals Ltd. Chemicals 404.98 479.47 357.24 416.47 86.86% 110.84 186.60 2.23 2.55 51.37 10.71% 72.72 63.04 71.80 78.67 25.07 21.63 10.62 12.16 22.65 23.15 80.40

29 Sree Rayalaseema Alkalies & Allied Chemicals Ltd. Sodium hydroxide (Caustic Soda) 687.72 589.16 527.38 490.69 83.29% 402.33 410.91 1.19 118.65 96.35 16.35% 26.06 31.93 72.42 88.38 30.89 33.12 2.08 2.51 23.05 21.54 80.70

30 Kanoria Chemicals & Inds. Ltd. Inorganic chemicals 497.25 424.33 353.62 308.28 72.65% 535.77 521.32 0.59 88.52 99.36 23.42% 36.95 44.17 43.27 49.99 42.68 67.37 3.68 4.17 22.23 23.55 84.40

31 Cheminova India Ltd. Pesticides 340.17 412.83 241.54 235.16 56.96% 38.81 36.90 6.37 47.46 52.65 12.75% 111.08 101.19 75.68 122.58 38.73 57.57 3.50 3.82 49.76 46.36 85.30

32 Tata Chemicals Ltd. Fertilisers 8353.70 5405.90 4514.34 2940.89 54.40% 1544.98 1592.44 1.85 1016.07 981.33 18.15% 36.18 53.90 85.21 90.87 50.34 83.32 1.71 2.56 17.03 25.01 86.50

33 Navin Fluorine Intl. Ltd. Fluro carbon 418.64 428.21 263.46 208.60 48.71% 134.07 147.17 1.42 94.21 135.89 31.73% 55.53 41.58 133.48 153.66 67.37 83.46 2.58 1.57 32.09 29.01 86.70

34 Micro Inks Ltd. Printing ink 1358.65 1389.20 982.54 1039.85 74.85% 338.29 310.31 3.35 171.16 216.05 15.55% 93.09 92.49 57.45 73.76 50.38 47.37 19.48 15.89 31.86 29.54 86.70

35 Shalimar Paints Ltd. Decorative paints 333.08 367.24 218.37 245.33 66.80% 25.84 32.06 7.65 17.79 26.10 7.11% 77.50 78.61 84.23 102.09 38.28 36.59 7.54 5.12 54.83 50.99 87.40

36 Deepak Nitrite Ltd. Sodium nitrite 578.30 537.13 412.95 408.17 75.99% 164.66 166.07 2.46 74.37 52.79 9.83% 49.57 55.74 30.74 55.73 17.84 14.66 21.97 20.12 39.41 42.75 87.70

37 Nocil Ltd. Rubber chemicals 476.24 438.87 378.59 357.10 81.37% 82.65 79.34 4.50 66.39 61.32 13.97% 60.41 67.03 43.35 56.44 37.74 43.49 11.06 11.03 42.61 47.71 87.90

38 Berger Paints India Ltd. Decorative paints 1516.12 1693.22 1056.26 1120.64 66.18% 162.30 185.59 6.04 158.48 200.56 11.84% 36.46 38.40 48.62 58.12 36.21 35.54 5.85 5.71 56.29 55.80 88.50

39 Gujarat State Fertilizers & Chemicals Ltd. Urea 5883.47 4015.45 4588.41 3142.61 78.26% 1199.24 1078.38 2.91 922.23 560.67 13.96% 33.69 51.97 33.37 42.65 40.49 64.58 4.57 7.45 19.68 25.75 88.70

40 Gujarat Narmada Valley Fertilizers Co. Ltd. Urea 2886.63 2608.34 1975.93 1921.32 73.66% 1229.49 1169.35 1.64 500.35 360.23 13.81% 41.09 24.94 30.85 53.27 76.42 92.65 4.99 2.10 21.13 14.88 89.50

41 Nagarjuna Agrichem Ltd. Monocrotophos 604.56 646.45 434.30 508.75 78.70% 157.78 154.00 3.30 113.84 124.28 19.22% 41.51 63.92 67.97 77.86 42.88 45.44 10.97 9.61 33.66 53.67 93.70

42 Godrej Industries Ltd. Organic chemicals 807.81 809.37 717.32 730.70 90.28% 263.86 276.31 2.64 92.10 159.16 19.66% 65.29 58.45 56.45 86.68 52.55 34.11 18.19 18.45 33.43 33.67 93.70

43 Rallis India Ltd. Pesticides 845.02 880.76 552.37 556.04 63.13% 158.59 152.73 3.64 131.62 171.35 19.45% 59.95 46.50 89.63 118.47 47.97 43.57 5.10 5.01 51.99 55.75 96.00

44 Aarti Industries Ltd. Dinitrochlorobenzene 1427.85 1281.94 1006.53 919.94 71.76% 366.77 381.66 2.41 236.79 198.83 15.51% 55.39 71.38 20.56 46.02 33.17 46.36 23.59 31.11 40.81 50.63 96.90

45 United Phosphorus Ltd. Pesticides 2483.66 2695.81 1762.68 1601.86 59.42% 921.33 972.78 1.65 375.41 454.75 16.87% 88.86 99.79 118.28 99.67 50.78 52.44 12.29 13.43 43.77 41.95 97.00

46 M C C Pta India Corpn. Pvt. Ltd. Purified Terephthalic acid (PTA) 1413.04 1757.86 1604.30 1408.44 80.12% 774.41 785.43 1.79 -429.63 218.96 12.46% 31.66 18.04 202.19 249.18 46.16 69.57 1.97 1.81 15.87 13.57 100.00

CHEM

ICAL

industry 2.0 - technology management for decision-makers | march 2012 45

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Page 48: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

47 Gharda Chemicals Ltd. Pesticides & pesticide intermediates, nec 868.43 922.49 621.81 577.11 62.56% 144.52 163.85 3.52 159.73 156.07 16.92% 100.88 105.57 57.45 78.64 46.29 49.46 34.05 30.70 117.02 101.85 101.20

48 Atul Ltd. Chemicals 1181.73 1187.68 902.73 940.47 79.19% 427.34 412.24 2.28 120.74 146.76 12.36% 75.32 73.20 58.11 85.74 37.74 32.73 24.85 29.35 54.77 57.42 102.10

49 Excel Crop Care Ltd. Pesticides 698.60 631.44 505.02 425.04 67.31% 101.30 107.98 3.94 68.85 75.90 12.02% 60.33 82.31 57.78 78.75 34.78 49.51 9.64 14.25 49.78 70.16 103.40

50 Jubilant Life Sciences Ltd. Organic chemicals 2429.17 2456.39 1653.63 1605.77 65.37% 1396.78 1459.28 1.10 414.93 649.35 26.44% 51.15 47.90 66.53 88.77 55.43 68.08 10.51 11.41 28.12 32.88 103.70

51 Sterling Biotech Ltd. Gelatin 1178.38 1438.17 615.89 1040.62 72.36% 2302.77 2426.80 0.43 499.01 578.11 40.20% 94.18 127.49 24.12 15.73 80.09 56.36 85.86 84.50 126.85 132.59 104.20

52 G H C L Ltd. Sodium carbonate (Soda Ash) 1240.96 1217.62 800.72 781.19 64.16% 2031.78 2024.09 0.39 282.56 298.59 24.52% 34.92 38.91 89.83 86.30 124.93 159.25 4.46 4.92 43.64 36.85 106.80

53 P I Industries Ltd. Organophosphorous insecticides 515.07 592.59 334.98 378.94 63.95% 178.20 199.19 1.90 61.90 86.15 14.54% 59.88 58.00 73.11 87.26 56.37 62.61 16.19 17.95 45.92 46.11 111.00

54 Madras Fertilizers Ltd. Urea 1123.87 1302.85 1064.47 1135.50 87.16% 328.94 288.95 3.93 -12.79 134.92 10.36% 1.91 1.60 119.23 110.01 53.04 51.46 12.12 14.66 14.44 15.57 112.10

55 Andhra Sugars Ltd. Inorganic chemicals 587.03 562.24 389.14 332.61 59.16% 446.25 445.72 0.75 133.89 156.62 27.86% 26.38 31.58 95.46 91.14 91.08 112.67 2.42 2.43 136.87 96.91 113.50

56 India Glycols Ltd. Ethylene glycol 958.43 1107.21 845.88 1004.48 90.72% 725.26 802.12 1.25 -37.25 144.66 13.07% 25.45 25.52 57.22 43.42 94.87 82.28 6.92 13.03 22.40 31.85 113.80

57 Kiri Industries Ltd. Dyes 280.96 345.87 248.43 312.76 90.43% 85.26 177.70 1.76 31.87 62.74 18.14% 62.54 60.54 78.34 122.27 28.14 28.28 35.91 61.82 85.02 126.55 117.90

58 I O L Chemicals & Pharmaceuticals Ltd. Carboxylic acids 302.71 356.85 270.34 310.14 86.91% 123.11 372.81 0.83 34.39 37.53 10.52% 31.43 26.64 66.82 85.87 19.83 22.95 33.23 41.57 44.85 53.22 119.10

59 Solaris Chemtech Inds. Ltd. Phosphoric acid 240.05 309.30 177.93 249.17 80.56% 499.62 544.59 0.46 39.26 57.68 18.65% 43.22 36.43 119.93 91.14 184.63 94.36 15.96 14.82 27.33 24.15 119.50

60 Syngenta India Ltd. Pesticides 1381.18 1772.33 835.46 1187.69 67.01% 158.82 360.20 3.30 250.04 277.42 15.65% 60.56 53.39 121.44 111.54 85.97 89.47 9.85 12.35 56.18 68.81 121.80

61 Bayer Cropscience Ltd. Pesticides 1485.03 1717.27 571.55 574.39 33.45% 259.50 292.11 1.97 184.44 233.82 13.62% 47.57 42.36 101.28 81.39 77.54 102.08 33.25 30.33 62.43 67.06 124.70

62 Gujarat Fluorochemicals Ltd. Refrigerant gases 414.92 511.84 414.78 478.57 93.50% 797.12 1064.89 0.45 571.59 507.22 99.10% 111.67 73.42 101.27 225.35 141.18 178.53 6.52 11.78 56.45 66.49 127.20

63 Hikal Ltd. Organic chemicals 477.54 535.45 295.96 316.11 59.04% 470.80 562.37 0.56 108.25 152.65 28.51% 54.67 63.19 119.03 113.94 138.34 171.05 47.88 41.75 88.56 82.43 128.20

C O S M E T I C S , T O I L E T R I E S , S O A P S & D E T E R G E N T S

1 Emami Ltd. Cosmetics & toilet preparations 693.76 939.93 247.73 318.76 33.91% 612.59 560.85 0.57 141.83 275.78 29.34% 21.21 22.47 63.08 43.82 42.89 48.75 1.40 0.90 33.84 28.52 15.20

2 Colgate-Palmolive (India) Ltd. Preparations for oral or dental hygiene 1740.14 2004.82 568.60 830.28 41.41% 173.93 246.94 3.36 368.99 523.87 26.13% 2.05 1.83 95.08 94.81 13.75 13.48 1.99 2.12 24.40 25.43 16.10

3 Amar Remedies Ltd. Tooth paste 369.49 473.10 313.38 395.89 83.68% 108.21 115.39 3.43 49.90 69.49 14.69% 74.24 73.42 46.49 43.20 69.66 83.29 1.04 0.95 8.20 9.43 16.60

4 Procter & Gamble Hygiene & Health Care Ltd. Cosmetics & toilet preparations 760.33 898.62 320.28 331.04 36.84% 132.28 130.38 2.54 246.03 253.04 28.16% 8.44 10.19 68.80 99.80 29.00 31.88 1.44 1.17 31.28 27.42 17.90

5 Jyothy Laboratories Ltd. Soap 346.46 570.26 128.98 198.54 34.82% 181.52 196.61 1.01 56.89 112.18 19.67% 32.39 32.85 42.52 43.65 76.47 61.27 2.68 3.00 39.59 33.28 21.30

6 Reckitt Benckiser (India) Ltd. Soap, washing preparations, etc. 1509.08 1765.59 557.43 695.12 39.37% 103.58 109.43 6.35 333.78 356.18 20.17% 5.19 5.88 68.14 69.26 27.67 22.24 2.07 2.58 40.92 41.98 21.60

7 Henkel India Ltd. Synthetic detergents 465.55 481.40 196.10 198.52 41.24% 273.75 262.79 0.76 42.58 12.77 2.65% 171.18 151.39 60.28 80.76 48.24 52.78 2.44 1.97 27.27 30.59 21.80

8 Galaxy Surfactants Ltd. Organic surface-active agents other than soap 554.95 589.34 467.55 462.50 78.48% 145.37 191.88 2.41 57.93 85.89 14.57% 44.38 44.26 48.64 56.67 21.70 20.15 17.10 19.19 31.29 35.17 21.80

9 Surya Vinayak Inds. Ltd. Sandal wood oil 2261.27 4284.92 179.89 454.14 10.60% 27.23 27.75 16.37 123.55 242.60 5.66% 41.38 41.40 118.19 65.87 64.46 20.06 396.60 417.89 69.88 69.42 24.10

10 Dabur India Ltd. Cosmetics & toilet preparations 2404.73 2863.40 1126.82 1276.19 44.57% 308.32 450.95 2.83 462.77 569.03 19.87% 17.26 16.86 59.46 67.46 40.27 44.07 19.55 20.87 33.63 35.84 25.10

11 Procter & Gamble Home Products Ltd. Soap, washing preparations, etc. 1260.49 2091.52 698.76 951.05 45.47% 327.40 447.43 2.13 34.17 304.36 14.55% 13.82 16.86 73.92 61.06 45.19 30.88 7.47 6.06 62.47 48.51 25.80

12 Nirma Ltd. Synthetic detergents 2879.01 2962.54 2022.09 1882.18 63.53% 1918.94 1916.11 0.98 427.89 625.82 21.12% 25.28 28.55 25.83 36.42 105.20 106.02 7.43 8.35 33.31 37.80 25.90

13 Sharp Menthol India Ltd. Essential oils 831.45 862.15 666.96 777.35 90.16% 27.06 36.16 21.50 52.35 54.89 6.37% 57.88 53.88 87.37 47.82 8.37 20.99 112.08 110.99 112.90 113.87 26.70

14 Godrej Consumer Products Ltd. Soap 1093.62 1272.29 693.04 726.43 57.10% 169.80 165.55 4.39 209.76 316.56 24.88% 3.65 6.12 82.80 98.92 39.95 45.08 11.23 11.73 41.40 40.73 27.20

15 Synthite Industries Ltd. Essential oils 366.46 416.78 231.34 314.70 75.51% 146.95 149.14 2.11 60.93 76.59 18.38% 74.65 72.65 37.79 47.76 63.48 52.37 61.37 59.80 118.83 105.57 29.20

16 Hindustan Unilever Ltd. Cosmetics, toilet preparations, soap & washing preparations 20446.01 17715.36 10297.68 8306.57 46.89% 1606.79 2162.11 3.84 3290.01 3041.40 17.17% 9.24 13.34 79.12 119.83 50.21 57.45 4.75 10.76 30.91 44.20 30.90

C R U D E O I L A N D N A T U R A L G A S

1 Mangalore Refinery & Petrochemicals Ltd. Petroleum products (Refineries) 38187.11 31805.47 34763.45 30509.45 95.93% 3650.03 3284.56 9.29 2289.70 2195.97 6.90% 15.22 15.39 28.89 65.82 16.18 17.18 1.12 1.06 12.54 12.85 12.40

2 Bharat Petroleum Corpn. Ltd. Middle distillates 134040.50 121514.01 55852.10 52789.16 43.44% 11965.79 13669.35 3.86 4044.25 4577.13 3.77% 4.27 6.28 28.93 39.95 18.90 16.63 3.33 4.05 17.04 22.66 14.60

3 Chennai Petroleum Corpn. Ltd. Petroleum products (Refineries) 33358.50 25534.34 28644.03 24161.75 94.62% 2871.85 2929.13 8.25 -107.31 1233.82 4.83% 12.14 11.40 22.40 29.34 23.28 31.69 4.03 3.87 18.99 20.71 14.90

4 Confidence Petroleum India Ltd. Liquefied petroleum gas 230.33 349.61 63.95 293.19 83.86% 115.88 135.52 2.16 22.31 53.19 15.21% 55.74 48.69 57.04 36.64 38.50 16.98 64.89 18.00 24.45 22.10 16.00

5 Savita Oil Technologies Ltd. Lube oils & lubricants 1144.06 1177.33 919.82 902.90 76.69% 144.75 186.12 4.85 52.71 153.56 13.04% 68.42 75.80 111.30 110.48 49.92 58.28 2.91 2.99 20.79 23.81 16.50

6 Rain Cements Ltd. Petroleum coke 1191.69 890.33 861.83 646.48 72.61% 301.44 280.02 2.31 92.56 185.58 20.84% 16.96 22.08 106.86 28.06 111.09 155.72 0.04 0.05 27.73 31.24 16.50

7 Reliance Industries Ltd. Petroleum products (Refineries) 141692.98 191486.71 113886.01 158010.45 82.52% 100343.06 153259.89 1.03 25386.94 33032.85 17.25% 13.47 14.78 91.42 75.35 32.54 33.25 5.79 5.57 15.32 15.88 19.00

8 Essar Oil Ltd. Petroleum products (Refineries) 37525.54 36437.87 33552.03 33020.56 90.62% 12605.84 12309.35 2.68 919.22 1658.10 4.55% 8.59 13.73 63.70 89.32 25.89 23.03 8.58 7.98 12.51 11.05 19.10

9 Gulf Oil Corpn. Ltd. Lube oils & lubricants 919.88 974.92 680.91 697.15 71.51% 591.92 568.70 1.23 83.29 98.82 10.14% 70.77 61.33 71.89 52.86 65.45 74.23 6.30 4.67 31.15 26.33 20.00

10 Hindustan Petroleum Corpn. Ltd. Petroleum products (Refineries) 125682.13 108412.82 42652.49 40371.20 37.24% 11654.75 15306.68 2.64 3914.84 4135.48 3.81% 5.65 7.64 29.80 45.54 25.97 24.06 3.43 5.21 22.96 29.63 20.00

11 Numaligarh Refinery Ltd. Petroleum products (Refineries) 8115.36 7072.01 7248.82 6688.92 94.58% 1821.06 1881.49 3.56 490.71 515.85 7.29% 12.82 6.02 38.31 51.57 14.32 15.21 4.95 5.43 31.91 55.72 20.40

12 Indian Oil Corpn. Ltd. Petroleum products (Refineries) 306572.56 268941.29 142999.31 123185.38 45.80% 34778.45 41581.07 2.96 11210.54 18906.45 7.03% 7.63 7.96 38.65 46.05 33.44 41.78 4.65 6.33 19.89 26.09 21.20

D I V E R S I F I E D

1 3M India Ltd. Diversified 741.30 1091.28 287.46 510.87 46.81% 116.01 141.30 3.62 98.72 158.38 14.51% 47.45 42.62 60.35 56.36 80.09 47.64 3.26 2.85 35.84 32.34 16.60

2 Abbott India Ltd. Diversified 665.89 770.40 85.72 121.16 15.73% 47.92 48.78 2.48 102.36 126.21 16.38% 17.15 18.63 45.54 28.62 36.99 27.80 1.70 2.16 62.25 60.44 17.70

3 Behr India Ltd. Diversified 268.98 333.38 199.17 235.42 70.62% 85.48 86.04 2.74 4.10 42.10 12.63% 62.40 47.12 140.37 158.66 54.51 50.04 2.10 2.00 17.16 11.64 18.10

4 Hindusthan Engineering & Inds. Ltd. Diversified 452.78 452.60 406.65 403.64 89.18% 109.85 137.55 2.93 46.67 46.16 10.20% 61.04 66.63 59.38 87.41 48.43 48.43 5.21 5.71 19.18 25.66 20.90

5 B A S F India Ltd. Diversified 1117.35 1377.41 737.99 775.49 56.30% 125.94 243.31 3.19 124.66 178.29 12.94% 46.28 51.11 72.33 94.34 51.97 79.37 1.23 1.06 32.16 48.19 22.70

6 Apar Industries Ltd. Diversified 2422.41 1950.80 2222.09 1698.00 87.04% 118.57 119.87 14.17 93.34 111.87 5.73% 59.62 73.86 192.26 209.03 35.59 57.25 4.45 6.12 11.67 17.57 22.80

7 Kores (India) Ltd. Diversified 783.74 699.06 256.55 278.32 39.81% 109.54 110.10 2.53 51.07 36.87 5.27% 50.75 48.62 66.38 71.22 37.10 45.42 22.18 20.55 35.17 30.77 22.80

8 Aditya Birla Nuvo Ltd. Diversified 4786.03 4830.48 3559.67 3390.03 70.18% 1476.21 1552.22 2.18 646.18 838.78 17.36% 52.55 58.31 49.63 71.60 62.02 70.30 5.71 6.67 33.71 37.10 24.70

www.industry20.com46 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 49: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

47 Gharda Chemicals Ltd. Pesticides & pesticide intermediates, nec 868.43 922.49 621.81 577.11 62.56% 144.52 163.85 3.52 159.73 156.07 16.92% 100.88 105.57 57.45 78.64 46.29 49.46 34.05 30.70 117.02 101.85 101.20

48 Atul Ltd. Chemicals 1181.73 1187.68 902.73 940.47 79.19% 427.34 412.24 2.28 120.74 146.76 12.36% 75.32 73.20 58.11 85.74 37.74 32.73 24.85 29.35 54.77 57.42 102.10

49 Excel Crop Care Ltd. Pesticides 698.60 631.44 505.02 425.04 67.31% 101.30 107.98 3.94 68.85 75.90 12.02% 60.33 82.31 57.78 78.75 34.78 49.51 9.64 14.25 49.78 70.16 103.40

50 Jubilant Life Sciences Ltd. Organic chemicals 2429.17 2456.39 1653.63 1605.77 65.37% 1396.78 1459.28 1.10 414.93 649.35 26.44% 51.15 47.90 66.53 88.77 55.43 68.08 10.51 11.41 28.12 32.88 103.70

51 Sterling Biotech Ltd. Gelatin 1178.38 1438.17 615.89 1040.62 72.36% 2302.77 2426.80 0.43 499.01 578.11 40.20% 94.18 127.49 24.12 15.73 80.09 56.36 85.86 84.50 126.85 132.59 104.20

52 G H C L Ltd. Sodium carbonate (Soda Ash) 1240.96 1217.62 800.72 781.19 64.16% 2031.78 2024.09 0.39 282.56 298.59 24.52% 34.92 38.91 89.83 86.30 124.93 159.25 4.46 4.92 43.64 36.85 106.80

53 P I Industries Ltd. Organophosphorous insecticides 515.07 592.59 334.98 378.94 63.95% 178.20 199.19 1.90 61.90 86.15 14.54% 59.88 58.00 73.11 87.26 56.37 62.61 16.19 17.95 45.92 46.11 111.00

54 Madras Fertilizers Ltd. Urea 1123.87 1302.85 1064.47 1135.50 87.16% 328.94 288.95 3.93 -12.79 134.92 10.36% 1.91 1.60 119.23 110.01 53.04 51.46 12.12 14.66 14.44 15.57 112.10

55 Andhra Sugars Ltd. Inorganic chemicals 587.03 562.24 389.14 332.61 59.16% 446.25 445.72 0.75 133.89 156.62 27.86% 26.38 31.58 95.46 91.14 91.08 112.67 2.42 2.43 136.87 96.91 113.50

56 India Glycols Ltd. Ethylene glycol 958.43 1107.21 845.88 1004.48 90.72% 725.26 802.12 1.25 -37.25 144.66 13.07% 25.45 25.52 57.22 43.42 94.87 82.28 6.92 13.03 22.40 31.85 113.80

57 Kiri Industries Ltd. Dyes 280.96 345.87 248.43 312.76 90.43% 85.26 177.70 1.76 31.87 62.74 18.14% 62.54 60.54 78.34 122.27 28.14 28.28 35.91 61.82 85.02 126.55 117.90

58 I O L Chemicals & Pharmaceuticals Ltd. Carboxylic acids 302.71 356.85 270.34 310.14 86.91% 123.11 372.81 0.83 34.39 37.53 10.52% 31.43 26.64 66.82 85.87 19.83 22.95 33.23 41.57 44.85 53.22 119.10

59 Solaris Chemtech Inds. Ltd. Phosphoric acid 240.05 309.30 177.93 249.17 80.56% 499.62 544.59 0.46 39.26 57.68 18.65% 43.22 36.43 119.93 91.14 184.63 94.36 15.96 14.82 27.33 24.15 119.50

60 Syngenta India Ltd. Pesticides 1381.18 1772.33 835.46 1187.69 67.01% 158.82 360.20 3.30 250.04 277.42 15.65% 60.56 53.39 121.44 111.54 85.97 89.47 9.85 12.35 56.18 68.81 121.80

61 Bayer Cropscience Ltd. Pesticides 1485.03 1717.27 571.55 574.39 33.45% 259.50 292.11 1.97 184.44 233.82 13.62% 47.57 42.36 101.28 81.39 77.54 102.08 33.25 30.33 62.43 67.06 124.70

62 Gujarat Fluorochemicals Ltd. Refrigerant gases 414.92 511.84 414.78 478.57 93.50% 797.12 1064.89 0.45 571.59 507.22 99.10% 111.67 73.42 101.27 225.35 141.18 178.53 6.52 11.78 56.45 66.49 127.20

63 Hikal Ltd. Organic chemicals 477.54 535.45 295.96 316.11 59.04% 470.80 562.37 0.56 108.25 152.65 28.51% 54.67 63.19 119.03 113.94 138.34 171.05 47.88 41.75 88.56 82.43 128.20

C O S M E T I C S , T O I L E T R I E S , S O A P S & D E T E R G E N T S

1 Emami Ltd. Cosmetics & toilet preparations 693.76 939.93 247.73 318.76 33.91% 612.59 560.85 0.57 141.83 275.78 29.34% 21.21 22.47 63.08 43.82 42.89 48.75 1.40 0.90 33.84 28.52 15.20

2 Colgate-Palmolive (India) Ltd. Preparations for oral or dental hygiene 1740.14 2004.82 568.60 830.28 41.41% 173.93 246.94 3.36 368.99 523.87 26.13% 2.05 1.83 95.08 94.81 13.75 13.48 1.99 2.12 24.40 25.43 16.10

3 Amar Remedies Ltd. Tooth paste 369.49 473.10 313.38 395.89 83.68% 108.21 115.39 3.43 49.90 69.49 14.69% 74.24 73.42 46.49 43.20 69.66 83.29 1.04 0.95 8.20 9.43 16.60

4 Procter & Gamble Hygiene & Health Care Ltd. Cosmetics & toilet preparations 760.33 898.62 320.28 331.04 36.84% 132.28 130.38 2.54 246.03 253.04 28.16% 8.44 10.19 68.80 99.80 29.00 31.88 1.44 1.17 31.28 27.42 17.90

5 Jyothy Laboratories Ltd. Soap 346.46 570.26 128.98 198.54 34.82% 181.52 196.61 1.01 56.89 112.18 19.67% 32.39 32.85 42.52 43.65 76.47 61.27 2.68 3.00 39.59 33.28 21.30

6 Reckitt Benckiser (India) Ltd. Soap, washing preparations, etc. 1509.08 1765.59 557.43 695.12 39.37% 103.58 109.43 6.35 333.78 356.18 20.17% 5.19 5.88 68.14 69.26 27.67 22.24 2.07 2.58 40.92 41.98 21.60

7 Henkel India Ltd. Synthetic detergents 465.55 481.40 196.10 198.52 41.24% 273.75 262.79 0.76 42.58 12.77 2.65% 171.18 151.39 60.28 80.76 48.24 52.78 2.44 1.97 27.27 30.59 21.80

8 Galaxy Surfactants Ltd. Organic surface-active agents other than soap 554.95 589.34 467.55 462.50 78.48% 145.37 191.88 2.41 57.93 85.89 14.57% 44.38 44.26 48.64 56.67 21.70 20.15 17.10 19.19 31.29 35.17 21.80

9 Surya Vinayak Inds. Ltd. Sandal wood oil 2261.27 4284.92 179.89 454.14 10.60% 27.23 27.75 16.37 123.55 242.60 5.66% 41.38 41.40 118.19 65.87 64.46 20.06 396.60 417.89 69.88 69.42 24.10

10 Dabur India Ltd. Cosmetics & toilet preparations 2404.73 2863.40 1126.82 1276.19 44.57% 308.32 450.95 2.83 462.77 569.03 19.87% 17.26 16.86 59.46 67.46 40.27 44.07 19.55 20.87 33.63 35.84 25.10

11 Procter & Gamble Home Products Ltd. Soap, washing preparations, etc. 1260.49 2091.52 698.76 951.05 45.47% 327.40 447.43 2.13 34.17 304.36 14.55% 13.82 16.86 73.92 61.06 45.19 30.88 7.47 6.06 62.47 48.51 25.80

12 Nirma Ltd. Synthetic detergents 2879.01 2962.54 2022.09 1882.18 63.53% 1918.94 1916.11 0.98 427.89 625.82 21.12% 25.28 28.55 25.83 36.42 105.20 106.02 7.43 8.35 33.31 37.80 25.90

13 Sharp Menthol India Ltd. Essential oils 831.45 862.15 666.96 777.35 90.16% 27.06 36.16 21.50 52.35 54.89 6.37% 57.88 53.88 87.37 47.82 8.37 20.99 112.08 110.99 112.90 113.87 26.70

14 Godrej Consumer Products Ltd. Soap 1093.62 1272.29 693.04 726.43 57.10% 169.80 165.55 4.39 209.76 316.56 24.88% 3.65 6.12 82.80 98.92 39.95 45.08 11.23 11.73 41.40 40.73 27.20

15 Synthite Industries Ltd. Essential oils 366.46 416.78 231.34 314.70 75.51% 146.95 149.14 2.11 60.93 76.59 18.38% 74.65 72.65 37.79 47.76 63.48 52.37 61.37 59.80 118.83 105.57 29.20

16 Hindustan Unilever Ltd. Cosmetics, toilet preparations, soap & washing preparations 20446.01 17715.36 10297.68 8306.57 46.89% 1606.79 2162.11 3.84 3290.01 3041.40 17.17% 9.24 13.34 79.12 119.83 50.21 57.45 4.75 10.76 30.91 44.20 30.90

C R U D E O I L A N D N A T U R A L G A S

1 Mangalore Refinery & Petrochemicals Ltd. Petroleum products (Refineries) 38187.11 31805.47 34763.45 30509.45 95.93% 3650.03 3284.56 9.29 2289.70 2195.97 6.90% 15.22 15.39 28.89 65.82 16.18 17.18 1.12 1.06 12.54 12.85 12.40

2 Bharat Petroleum Corpn. Ltd. Middle distillates 134040.50 121514.01 55852.10 52789.16 43.44% 11965.79 13669.35 3.86 4044.25 4577.13 3.77% 4.27 6.28 28.93 39.95 18.90 16.63 3.33 4.05 17.04 22.66 14.60

3 Chennai Petroleum Corpn. Ltd. Petroleum products (Refineries) 33358.50 25534.34 28644.03 24161.75 94.62% 2871.85 2929.13 8.25 -107.31 1233.82 4.83% 12.14 11.40 22.40 29.34 23.28 31.69 4.03 3.87 18.99 20.71 14.90

4 Confidence Petroleum India Ltd. Liquefied petroleum gas 230.33 349.61 63.95 293.19 83.86% 115.88 135.52 2.16 22.31 53.19 15.21% 55.74 48.69 57.04 36.64 38.50 16.98 64.89 18.00 24.45 22.10 16.00

5 Savita Oil Technologies Ltd. Lube oils & lubricants 1144.06 1177.33 919.82 902.90 76.69% 144.75 186.12 4.85 52.71 153.56 13.04% 68.42 75.80 111.30 110.48 49.92 58.28 2.91 2.99 20.79 23.81 16.50

6 Rain Cements Ltd. Petroleum coke 1191.69 890.33 861.83 646.48 72.61% 301.44 280.02 2.31 92.56 185.58 20.84% 16.96 22.08 106.86 28.06 111.09 155.72 0.04 0.05 27.73 31.24 16.50

7 Reliance Industries Ltd. Petroleum products (Refineries) 141692.98 191486.71 113886.01 158010.45 82.52% 100343.06 153259.89 1.03 25386.94 33032.85 17.25% 13.47 14.78 91.42 75.35 32.54 33.25 5.79 5.57 15.32 15.88 19.00

8 Essar Oil Ltd. Petroleum products (Refineries) 37525.54 36437.87 33552.03 33020.56 90.62% 12605.84 12309.35 2.68 919.22 1658.10 4.55% 8.59 13.73 63.70 89.32 25.89 23.03 8.58 7.98 12.51 11.05 19.10

9 Gulf Oil Corpn. Ltd. Lube oils & lubricants 919.88 974.92 680.91 697.15 71.51% 591.92 568.70 1.23 83.29 98.82 10.14% 70.77 61.33 71.89 52.86 65.45 74.23 6.30 4.67 31.15 26.33 20.00

10 Hindustan Petroleum Corpn. Ltd. Petroleum products (Refineries) 125682.13 108412.82 42652.49 40371.20 37.24% 11654.75 15306.68 2.64 3914.84 4135.48 3.81% 5.65 7.64 29.80 45.54 25.97 24.06 3.43 5.21 22.96 29.63 20.00

11 Numaligarh Refinery Ltd. Petroleum products (Refineries) 8115.36 7072.01 7248.82 6688.92 94.58% 1821.06 1881.49 3.56 490.71 515.85 7.29% 12.82 6.02 38.31 51.57 14.32 15.21 4.95 5.43 31.91 55.72 20.40

12 Indian Oil Corpn. Ltd. Petroleum products (Refineries) 306572.56 268941.29 142999.31 123185.38 45.80% 34778.45 41581.07 2.96 11210.54 18906.45 7.03% 7.63 7.96 38.65 46.05 33.44 41.78 4.65 6.33 19.89 26.09 21.20

D I V E R S I F I E D

1 3M India Ltd. Diversified 741.30 1091.28 287.46 510.87 46.81% 116.01 141.30 3.62 98.72 158.38 14.51% 47.45 42.62 60.35 56.36 80.09 47.64 3.26 2.85 35.84 32.34 16.60

2 Abbott India Ltd. Diversified 665.89 770.40 85.72 121.16 15.73% 47.92 48.78 2.48 102.36 126.21 16.38% 17.15 18.63 45.54 28.62 36.99 27.80 1.70 2.16 62.25 60.44 17.70

3 Behr India Ltd. Diversified 268.98 333.38 199.17 235.42 70.62% 85.48 86.04 2.74 4.10 42.10 12.63% 62.40 47.12 140.37 158.66 54.51 50.04 2.10 2.00 17.16 11.64 18.10

4 Hindusthan Engineering & Inds. Ltd. Diversified 452.78 452.60 406.65 403.64 89.18% 109.85 137.55 2.93 46.67 46.16 10.20% 61.04 66.63 59.38 87.41 48.43 48.43 5.21 5.71 19.18 25.66 20.90

5 B A S F India Ltd. Diversified 1117.35 1377.41 737.99 775.49 56.30% 125.94 243.31 3.19 124.66 178.29 12.94% 46.28 51.11 72.33 94.34 51.97 79.37 1.23 1.06 32.16 48.19 22.70

6 Apar Industries Ltd. Diversified 2422.41 1950.80 2222.09 1698.00 87.04% 118.57 119.87 14.17 93.34 111.87 5.73% 59.62 73.86 192.26 209.03 35.59 57.25 4.45 6.12 11.67 17.57 22.80

7 Kores (India) Ltd. Diversified 783.74 699.06 256.55 278.32 39.81% 109.54 110.10 2.53 51.07 36.87 5.27% 50.75 48.62 66.38 71.22 37.10 45.42 22.18 20.55 35.17 30.77 22.80

8 Aditya Birla Nuvo Ltd. Diversified 4786.03 4830.48 3559.67 3390.03 70.18% 1476.21 1552.22 2.18 646.18 838.78 17.36% 52.55 58.31 49.63 71.60 62.02 70.30 5.71 6.67 33.71 37.10 24.70

COSM

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ILETRIES, SOAPS &

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CRU

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industry 2.0 - technology management for decision-makers | march 2012 47

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www.industry20.com

Page 50: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

9 A B B Ltd. Diversified 6859.53 6241.99 2877.46 2707.51 43.38% 545.83 673.13 4.02 902.45 607.05 9.73% 138.07 171.30 175.69 185.81 61.08 79.99 19.35 26.41 14.11 19.58 25.10

10 Godrej & Boyce Mfg. Co. Ltd. Diversified 4079.30 4397.70 2474.89 2575.43 58.56% 557.17 554.29 4.65 419.48 573.12 13.03% 63.59 65.49 107.69 121.50 42.19 38.62 36.28 38.80 65.58 70.30 25.50

11 Gillanders Arbuthnot & Co. Ltd. Diversified 477.63 611.92 357.81 469.91 76.79% 233.32 228.63 2.06 46.90 82.37 13.46% 37.86 43.50 91.15 80.80 67.01 82.44 5.59 5.34 33.94 29.58 26.60

12 D C M Shriram Consolidated Ltd. Diversified 3408.58 3410.47 1936.25 1887.98 55.36% 2111.86 2010.99 0.94 395.62 349.54 10.25% 30.43 28.26 51.16 56.72 47.52 59.44 2.06 2.27 79.57 72.86 27.50

13 Kesoram Industries Ltd. Diversified 3885.57 4712.83 2561.45 3372.58 71.56% 1804.37 3431.82 0.98 682.76 757.46 16.07% 27.56 33.35 50.35 58.23 68.50 65.28 8.46 9.89 28.40 36.73 27.60

14 D C M Shriram Inds. Ltd. Diversified 829.70 862.93 669.82 746.82 86.54% 273.71 275.69 2.71 95.94 99.56 11.54% 18.94 26.77 61.06 86.37 38.90 40.50 3.15 3.49 131.36 137.79 28.30

15 Bharat Forge Ltd. Diversified 1995.48 1843.03 1484.85 1302.76 70.69% 1831.18 1776.12 0.73 404.70 448.08 24.31% 53.17 53.68 77.20 164.60 52.09 60.32 25.45 33.37 46.74 60.51 32.60

16 Ajanta Manufacturing Ltd. Diversified 427.56 338.43 337.35 303.92 89.80% 228.98 233.07 1.30 48.34 30.64 9.05% 64.06 50.37 7.63 16.40 92.16 99.63 6.82 12.01 46.21 49.44 33.60

17 Saraswati Industrial Syndicate Ltd. Diversified 1698.19 1744.83 704.65 768.83 44.06% 229.91 288.62 2.66 131.63 159.84 9.16% 89.35 96.27 128.21 183.15 99.82 113.88 82.15 82.43 47.42 42.74 34.20

18 Voltas Ltd. Diversified 4031.89 4493.82 2665.59 2703.20 60.15% 163.40 167.08 16.18 391.89 525.39 11.69% 63.55 70.12 168.03 158.90 95.63 87.61 68.69 60.24 82.59 77.14 34.40

D R U G S A N D P H A R M A C E U T I C A L S

1 Plethico Pharmaceuticals Ltd. Drug formulations 474.73 474.35 298.11 267.47 56.39% 111.34 105.28 2.54 90.02 144.63 30.49% 232.64 259.64 26.03 26.63 13.14 17.25 1.52 2.50 6.34 7.47 15.00

2 J B Chemicals & Pharmaceuticals Ltd. Drug formulations 687.62 681.05 283.50 290.26 42.62% 220.81 217.99 1.33 133.16 154.98 22.76% 183.76 206.91 39.24 49.86 55.57 53.94 7.31 7.62 38.64 35.86 39.10

3 Twilight Litaka Pharma Ltd. Drug formulations 370.84 492.41 288.07 377.34 76.63% 58.19 67.38 5.60 47.09 65.11 13.22% 125.57 119.04 32.68 31.72 14.57 17.40 9.48 9.70 40.86 39.70 42.70

4 Paras Pharmaceuticals Ltd. Drug formulations 290.22 379.55 95.23 106.57 28.08% 87.29 84.71 1.26 75.37 105.31 27.75% 33.94 20.64 43.65 50.98 58.98 59.74 2.94 4.22 45.82 40.49 53.70

5 Shasun Pharmaceuticals Ltd. Drugs, medicines & allied products 471.36 547.95 376.61 409.28 74.69% 163.93 147.19 2.78 0.07 60.67 11.07% 114.31 121.75 89.91 82.16 30.28 32.81 9.90 13.69 23.13 19.53 54.40

6 Granules India Ltd. Paracetamol 253.94 385.94 185.65 294.16 76.22% 224.52 219.56 1.34 29.50 60.07 15.56% 36.97 28.74 45.35 38.83 35.46 34.90 14.16 8.90 33.99 25.09 59.40

7 Merck Ltd. Drug formulations 396.32 477.73 182.37 230.27 48.20% 60.45 62.82 3.67 97.13 103.62 21.69% 33.37 33.76 49.96 36.54 63.21 60.26 10.55 6.18 55.96 51.80 60.20

8 Astrazeneca Pharma India Ltd. Drug formulations 355.79 397.01 110.88 128.85 32.46% 30.37 30.02 4.29 126.13 94.61 23.83% 49.24 55.84 56.22 50.95 45.26 58.42 15.02 14.06 54.74 51.96 60.80

9 Strides Arcolab Ltd. Drug formulations 613.59 778.79 396.30 484.29 62.18% 161.26 326.88 1.48 79.92 190.61 24.48% 99.43 98.07 132.67 117.34 71.14 64.29 7.87 5.97 15.07 16.69 61.90

10 Aarti Drugs Ltd. Drugs, medicines & allied products 376.49 471.43 259.14 290.04 61.52% 179.38 171.76 1.69 56.93 72.06 15.29% 91.00 82.63 71.26 55.55 39.80 42.21 26.05 21.97 43.43 29.49 62.70

11 Sharon Bio-Medicine Ltd. Drugs, medicines & allied products 419.79 496.50 398.20 455.04 91.65% 56.13 183.78 2.48 40.86 51.56 10.38% 99.29 107.42 20.53 20.76 25.28 29.72 23.97 28.65 45.42 56.20 65.60

12 Pfizer Ltd. Drug formulations 693.49 797.55 338.38 393.22 49.30% 50.77 92.49 4.25 429.68 218.30 27.37% 36.49 33.29 63.43 63.29 68.16 71.89 5.99 5.29 68.25 60.91 67.50

13 U S V Ltd. Drug formulations 841.46 1025.23 309.37 361.96 35.31% 214.38 347.81 1.04 229.14 303.69 29.62% 39.53 38.70 59.80 62.54 51.09 51.60 12.63 18.45 56.42 49.47 70.40

14 Piramal Healthcare Ltd. Drug formulations 2303.66 2642.18 982.18 1033.35 39.11% 1018.72 1073.89 0.96 565.53 725.20 27.45% 58.30 49.81 60.85 59.41 74.01 72.98 16.30 15.04 39.29 38.31 70.80

15 Indoco Remedies Ltd. Drug formulations 356.49 403.89 197.92 241.43 59.78% 175.93 197.38 1.22 50.75 58.43 14.47% 106.84 86.92 61.29 65.35 60.10 63.98 6.96 8.86 44.80 46.59 71.40

16 Macleods Pharmaceuticals Ltd. Drug formulations 716.90 888.75 446.97 516.49 58.11% 197.84 190.72 2.71 116.53 163.55 18.40% 41.54 38.91 60.47 69.31 72.74 79.30 2.49 4.43 49.68 47.27 71.50

17 Hetero Drugs Ltd. Drugs, medicines & allied products 1165.09 1513.70 911.39 1191.38 78.71% 404.42 500.07 2.38 171.99 229.66 15.17% 93.99 99.30 97.39 100.34 49.99 50.64 20.52 19.18 34.57 35.13 72.00

18 Glenmark Pharmaceuticals Ltd. Drug formulations 830.37 987.32 348.86 388.69 39.37% 172.80 190.41 2.04 359.06 242.68 24.58% 215.90 136.43 102.93 73.46 181.04 107.96 32.96 10.66 98.87 58.96 72.30

19 F D C Ltd. Drug formulations 576.29 621.88 265.49 283.15 45.53% 234.62 248.73 1.14 118.38 193.01 31.04% 17.55 21.22 51.28 60.15 43.35 43.07 11.71 11.74 72.38 71.48 72.40

20 Micro Labs Ltd. Drug formulations 1032.45 1243.81 551.82 624.65 50.22% 361.38 370.95 1.68 209.64 304.65 24.49% 101.12 81.64 66.56 44.83 78.72 93.79 15.02 13.16 57.94 56.97 73.30

21 Venus Remedies Ltd. Drugs, medicines & allied products 264.06 311.45 182.61 208.80 67.04% 170.17 210.82 0.99 64.25 74.49 23.92% 32.71 36.77 15.55 17.65 36.10 50.97 21.90 24.32 38.99 44.72 77.30

22 Intas Pharmaceuticals Ltd. Drug formulations 1118.98 1518.08 351.46 496.64 32.72% 219.12 219.43 2.26 172.03 278.49 18.34% 52.78 56.67 59.97 76.84 94.20 99.40 9.08 9.27 60.37 48.99 77.60

23 Elder Pharmaceuticals Ltd. Drug formulations 615.53 699.20 197.04 212.04 30.33% 171.26 465.31 0.46 106.00 132.23 18.91% 92.17 95.90 63.96 62.64 47.46 47.32 8.08 14.02 68.42 86.27 77.70

24 Wanbury Ltd. Drugs, medicines & allied products 170.92 357.06 92.70 171.30 47.98% 177.19 216.75 0.79 -19.19 68.20 19.10% 188.00 87.00 228.27 102.30 68.72 27.70 71.03 38.91 93.59 45.29 78.10

25 Win-Medicare Pvt. Ltd. Drug formulations 319.87 355.05 53.20 62.28 17.54% 13.56 17.64 3.53 35.79 15.33 4.32% 40.98 43.99 76.40 70.09 101.78 106.36 3.51 2.93 61.97 59.63 79.60

26 Claris Lifesciences Ltd. Drug formulations 687.74 634.32 234.34 270.46 42.64% 490.10 489.76 0.55 208.05 194.63 30.68% 144.82 149.99 151.09 232.56 36.96 43.28 10.14 11.23 71.60 97.44 79.90

27 Parenteral Drugs (India) Ltd. Drug formulations 226.07 336.02 144.97 196.38 58.44% 125.16 200.29 0.98 34.78 56.53 16.82% 111.63 95.25 79.34 81.32 57.54 58.65 8.95 6.38 91.19 65.74 80.10

28 Emcure Pharmaceuticals Ltd. Drug formulations 598.43 765.61 331.45 470.33 61.43% 316.49 354.40 1.33 -202.31 320.97 41.92% 73.77 66.21 315.78 166.74 93.15 77.91 15.13 14.96 51.25 37.99 82.00

29 Glaxosmithkline Pharmaceuticals Ltd. Drug formulations 1698.80 1921.71 600.18 687.60 35.78% 90.40 92.81 7.41 824.98 782.62 40.73% 12.01 12.10 79.60 84.30 57.80 56.84 23.52 23.63 68.03 68.69 82.80

30 Mankind Pharma Ltd. Drug formulations 839.49 1084.72 131.85 192.18 17.72% 58.26 84.62 2.27 191.32 255.20 23.53% 28.31 27.58 57.15 64.17 109.86 174.10 1.13 1.14 71.23 68.65 84.40

31 Maneesh Pharmaceuticals Ltd. Drug formulations 601.48 573.57 256.90 218.79 38.15% 231.56 248.12 0.88 94.03 70.64 12.32% 88.78 95.61 95.83 129.11 52.76 36.06 7.88 8.81 56.41 94.06 84.70

32 Aventis Pharma Ltd. Drug formulations 1034.48 1024.54 473.79 582.56 56.86% 142.82 144.88 4.02 278.09 262.30 25.60% 25.54 25.25 58.94 61.95 68.18 78.40 18.50 14.73 69.41 65.75 85.50

33 Kudos Chemie Ltd. Caffeine & its salts 226.11 362.57 182.65 304.31 83.93% 146.81 206.12 1.48 71.56 110.01 30.34% 74.77 96.05 97.88 59.90 92.79 45.13 93.29 31.39 178.22 177.50 87.70

34 Torrent Pharmaceuticals Ltd. Drug formulations 1182.24 1434.06 573.92 642.56 44.81% 487.24 525.62 1.22 255.38 378.49 26.39% 69.17 65.96 103.21 97.92 70.04 86.97 21.29 18.95 53.79 49.43 88.10

35 Cadila Healthcare Ltd. Drug formulations 1743.20 1941.80 837.70 1057.90 54.48% 836.90 950.40 1.11 443.40 646.80 33.31% 66.11 71.71 69.82 77.90 100.42 96.48 22.74 17.90 63.24 52.25 88.30

36 Aurobindo Pharma Ltd. Drugs, medicines & allied products 2791.13 3249.11 2080.53 2416.36 74.37% 872.87 1045.34 2.31 318.57 854.70 26.31% 124.49 127.14 72.14 77.23 83.69 83.95 42.90 46.92 50.07 59.03 89.50

37 Ipca Laboratories Ltd. Drug formulations 1290.03 1571.74 782.32 915.24 58.23% 563.03 636.47 1.44 188.83 337.76 21.49% 82.86 82.67 61.16 49.92 86.46 90.12 22.26 23.88 70.33 66.53 92.80

38 Lupin Ltd. Drug formulations 2945.59 3687.77 1592.84 1853.17 50.25% 975.62 1191.39 1.56 579.25 805.41 21.84% 82.27 80.18 105.19 67.39 94.31 89.41 36.97 30.93 74.39 61.35 93.00

39 Alembic Ltd. Drugs, medicines & allied products 1092.36 1013.49 662.55 582.69 57.49% 404.78 393.19 1.48 98.17 102.52 10.12% 78.02 76.34 60.73 78.13 88.38 114.95 5.29 5.74 51.57 63.17 93.10

40 Dr. Reddy'S Laboratories Ltd. Drug formulations 4445.00 4799.70 2101.90 2294.40 47.80% 1210.80 1315.60 1.74 901.50 1276.30 26.59% 94.93 94.25 106.69 140.93 80.91 86.31 33.67 40.42 48.36 58.41 93.70

41 Biocon Ltd. Bio-tech base drugs 911.55 1161.33 551.45 724.53 62.39% 714.18 678.40 1.07 198.82 355.54 30.61% 103.32 105.92 107.21 147.24 68.68 53.22 53.65 56.27 60.08 63.28 94.60

42 Unimark Remedies Ltd. Drug formulations 575.13 626.38 409.16 438.13 69.95% 282.33 375.88 1.17 76.10 87.64 13.99% 79.11 84.84 71.35 84.50 49.91 60.61 36.03 39.72 37.20 42.97 95.00

43 Sun Pharmaceutical Inds. Ltd. Drug formulations 2691.57 1820.86 931.85 1012.21 55.59% 699.26 740.52 1.37 1357.04 1015.99 55.80% 112.77 121.83 75.17 57.84 115.05 138.23 45.40 53.56 34.87 71.61 95.10

44 Ankur Drugs & Pharma Ltd. Drug formulations 965.82 1067.66 821.52 844.66 79.11% 346.15 704.40 1.20 131.65 219.84 20.59% 83.78 57.27 26.35 203.52 61.42 80.04 9.94 15.37 16.35 25.72 95.20

45 Unichem Laboratories Ltd. Drug formulations 654.72 686.93 248.74 239.29 34.83% 280.12 314.92 0.76 165.80 187.62 27.31% 74.81 81.36 70.96 88.52 72.94 103.09 14.29 21.10 51.10 57.60 95.40

www.industry20.com48 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 51: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

9 A B B Ltd. Diversified 6859.53 6241.99 2877.46 2707.51 43.38% 545.83 673.13 4.02 902.45 607.05 9.73% 138.07 171.30 175.69 185.81 61.08 79.99 19.35 26.41 14.11 19.58 25.10

10 Godrej & Boyce Mfg. Co. Ltd. Diversified 4079.30 4397.70 2474.89 2575.43 58.56% 557.17 554.29 4.65 419.48 573.12 13.03% 63.59 65.49 107.69 121.50 42.19 38.62 36.28 38.80 65.58 70.30 25.50

11 Gillanders Arbuthnot & Co. Ltd. Diversified 477.63 611.92 357.81 469.91 76.79% 233.32 228.63 2.06 46.90 82.37 13.46% 37.86 43.50 91.15 80.80 67.01 82.44 5.59 5.34 33.94 29.58 26.60

12 D C M Shriram Consolidated Ltd. Diversified 3408.58 3410.47 1936.25 1887.98 55.36% 2111.86 2010.99 0.94 395.62 349.54 10.25% 30.43 28.26 51.16 56.72 47.52 59.44 2.06 2.27 79.57 72.86 27.50

13 Kesoram Industries Ltd. Diversified 3885.57 4712.83 2561.45 3372.58 71.56% 1804.37 3431.82 0.98 682.76 757.46 16.07% 27.56 33.35 50.35 58.23 68.50 65.28 8.46 9.89 28.40 36.73 27.60

14 D C M Shriram Inds. Ltd. Diversified 829.70 862.93 669.82 746.82 86.54% 273.71 275.69 2.71 95.94 99.56 11.54% 18.94 26.77 61.06 86.37 38.90 40.50 3.15 3.49 131.36 137.79 28.30

15 Bharat Forge Ltd. Diversified 1995.48 1843.03 1484.85 1302.76 70.69% 1831.18 1776.12 0.73 404.70 448.08 24.31% 53.17 53.68 77.20 164.60 52.09 60.32 25.45 33.37 46.74 60.51 32.60

16 Ajanta Manufacturing Ltd. Diversified 427.56 338.43 337.35 303.92 89.80% 228.98 233.07 1.30 48.34 30.64 9.05% 64.06 50.37 7.63 16.40 92.16 99.63 6.82 12.01 46.21 49.44 33.60

17 Saraswati Industrial Syndicate Ltd. Diversified 1698.19 1744.83 704.65 768.83 44.06% 229.91 288.62 2.66 131.63 159.84 9.16% 89.35 96.27 128.21 183.15 99.82 113.88 82.15 82.43 47.42 42.74 34.20

18 Voltas Ltd. Diversified 4031.89 4493.82 2665.59 2703.20 60.15% 163.40 167.08 16.18 391.89 525.39 11.69% 63.55 70.12 168.03 158.90 95.63 87.61 68.69 60.24 82.59 77.14 34.40

D R U G S A N D P H A R M A C E U T I C A L S

1 Plethico Pharmaceuticals Ltd. Drug formulations 474.73 474.35 298.11 267.47 56.39% 111.34 105.28 2.54 90.02 144.63 30.49% 232.64 259.64 26.03 26.63 13.14 17.25 1.52 2.50 6.34 7.47 15.00

2 J B Chemicals & Pharmaceuticals Ltd. Drug formulations 687.62 681.05 283.50 290.26 42.62% 220.81 217.99 1.33 133.16 154.98 22.76% 183.76 206.91 39.24 49.86 55.57 53.94 7.31 7.62 38.64 35.86 39.10

3 Twilight Litaka Pharma Ltd. Drug formulations 370.84 492.41 288.07 377.34 76.63% 58.19 67.38 5.60 47.09 65.11 13.22% 125.57 119.04 32.68 31.72 14.57 17.40 9.48 9.70 40.86 39.70 42.70

4 Paras Pharmaceuticals Ltd. Drug formulations 290.22 379.55 95.23 106.57 28.08% 87.29 84.71 1.26 75.37 105.31 27.75% 33.94 20.64 43.65 50.98 58.98 59.74 2.94 4.22 45.82 40.49 53.70

5 Shasun Pharmaceuticals Ltd. Drugs, medicines & allied products 471.36 547.95 376.61 409.28 74.69% 163.93 147.19 2.78 0.07 60.67 11.07% 114.31 121.75 89.91 82.16 30.28 32.81 9.90 13.69 23.13 19.53 54.40

6 Granules India Ltd. Paracetamol 253.94 385.94 185.65 294.16 76.22% 224.52 219.56 1.34 29.50 60.07 15.56% 36.97 28.74 45.35 38.83 35.46 34.90 14.16 8.90 33.99 25.09 59.40

7 Merck Ltd. Drug formulations 396.32 477.73 182.37 230.27 48.20% 60.45 62.82 3.67 97.13 103.62 21.69% 33.37 33.76 49.96 36.54 63.21 60.26 10.55 6.18 55.96 51.80 60.20

8 Astrazeneca Pharma India Ltd. Drug formulations 355.79 397.01 110.88 128.85 32.46% 30.37 30.02 4.29 126.13 94.61 23.83% 49.24 55.84 56.22 50.95 45.26 58.42 15.02 14.06 54.74 51.96 60.80

9 Strides Arcolab Ltd. Drug formulations 613.59 778.79 396.30 484.29 62.18% 161.26 326.88 1.48 79.92 190.61 24.48% 99.43 98.07 132.67 117.34 71.14 64.29 7.87 5.97 15.07 16.69 61.90

10 Aarti Drugs Ltd. Drugs, medicines & allied products 376.49 471.43 259.14 290.04 61.52% 179.38 171.76 1.69 56.93 72.06 15.29% 91.00 82.63 71.26 55.55 39.80 42.21 26.05 21.97 43.43 29.49 62.70

11 Sharon Bio-Medicine Ltd. Drugs, medicines & allied products 419.79 496.50 398.20 455.04 91.65% 56.13 183.78 2.48 40.86 51.56 10.38% 99.29 107.42 20.53 20.76 25.28 29.72 23.97 28.65 45.42 56.20 65.60

12 Pfizer Ltd. Drug formulations 693.49 797.55 338.38 393.22 49.30% 50.77 92.49 4.25 429.68 218.30 27.37% 36.49 33.29 63.43 63.29 68.16 71.89 5.99 5.29 68.25 60.91 67.50

13 U S V Ltd. Drug formulations 841.46 1025.23 309.37 361.96 35.31% 214.38 347.81 1.04 229.14 303.69 29.62% 39.53 38.70 59.80 62.54 51.09 51.60 12.63 18.45 56.42 49.47 70.40

14 Piramal Healthcare Ltd. Drug formulations 2303.66 2642.18 982.18 1033.35 39.11% 1018.72 1073.89 0.96 565.53 725.20 27.45% 58.30 49.81 60.85 59.41 74.01 72.98 16.30 15.04 39.29 38.31 70.80

15 Indoco Remedies Ltd. Drug formulations 356.49 403.89 197.92 241.43 59.78% 175.93 197.38 1.22 50.75 58.43 14.47% 106.84 86.92 61.29 65.35 60.10 63.98 6.96 8.86 44.80 46.59 71.40

16 Macleods Pharmaceuticals Ltd. Drug formulations 716.90 888.75 446.97 516.49 58.11% 197.84 190.72 2.71 116.53 163.55 18.40% 41.54 38.91 60.47 69.31 72.74 79.30 2.49 4.43 49.68 47.27 71.50

17 Hetero Drugs Ltd. Drugs, medicines & allied products 1165.09 1513.70 911.39 1191.38 78.71% 404.42 500.07 2.38 171.99 229.66 15.17% 93.99 99.30 97.39 100.34 49.99 50.64 20.52 19.18 34.57 35.13 72.00

18 Glenmark Pharmaceuticals Ltd. Drug formulations 830.37 987.32 348.86 388.69 39.37% 172.80 190.41 2.04 359.06 242.68 24.58% 215.90 136.43 102.93 73.46 181.04 107.96 32.96 10.66 98.87 58.96 72.30

19 F D C Ltd. Drug formulations 576.29 621.88 265.49 283.15 45.53% 234.62 248.73 1.14 118.38 193.01 31.04% 17.55 21.22 51.28 60.15 43.35 43.07 11.71 11.74 72.38 71.48 72.40

20 Micro Labs Ltd. Drug formulations 1032.45 1243.81 551.82 624.65 50.22% 361.38 370.95 1.68 209.64 304.65 24.49% 101.12 81.64 66.56 44.83 78.72 93.79 15.02 13.16 57.94 56.97 73.30

21 Venus Remedies Ltd. Drugs, medicines & allied products 264.06 311.45 182.61 208.80 67.04% 170.17 210.82 0.99 64.25 74.49 23.92% 32.71 36.77 15.55 17.65 36.10 50.97 21.90 24.32 38.99 44.72 77.30

22 Intas Pharmaceuticals Ltd. Drug formulations 1118.98 1518.08 351.46 496.64 32.72% 219.12 219.43 2.26 172.03 278.49 18.34% 52.78 56.67 59.97 76.84 94.20 99.40 9.08 9.27 60.37 48.99 77.60

23 Elder Pharmaceuticals Ltd. Drug formulations 615.53 699.20 197.04 212.04 30.33% 171.26 465.31 0.46 106.00 132.23 18.91% 92.17 95.90 63.96 62.64 47.46 47.32 8.08 14.02 68.42 86.27 77.70

24 Wanbury Ltd. Drugs, medicines & allied products 170.92 357.06 92.70 171.30 47.98% 177.19 216.75 0.79 -19.19 68.20 19.10% 188.00 87.00 228.27 102.30 68.72 27.70 71.03 38.91 93.59 45.29 78.10

25 Win-Medicare Pvt. Ltd. Drug formulations 319.87 355.05 53.20 62.28 17.54% 13.56 17.64 3.53 35.79 15.33 4.32% 40.98 43.99 76.40 70.09 101.78 106.36 3.51 2.93 61.97 59.63 79.60

26 Claris Lifesciences Ltd. Drug formulations 687.74 634.32 234.34 270.46 42.64% 490.10 489.76 0.55 208.05 194.63 30.68% 144.82 149.99 151.09 232.56 36.96 43.28 10.14 11.23 71.60 97.44 79.90

27 Parenteral Drugs (India) Ltd. Drug formulations 226.07 336.02 144.97 196.38 58.44% 125.16 200.29 0.98 34.78 56.53 16.82% 111.63 95.25 79.34 81.32 57.54 58.65 8.95 6.38 91.19 65.74 80.10

28 Emcure Pharmaceuticals Ltd. Drug formulations 598.43 765.61 331.45 470.33 61.43% 316.49 354.40 1.33 -202.31 320.97 41.92% 73.77 66.21 315.78 166.74 93.15 77.91 15.13 14.96 51.25 37.99 82.00

29 Glaxosmithkline Pharmaceuticals Ltd. Drug formulations 1698.80 1921.71 600.18 687.60 35.78% 90.40 92.81 7.41 824.98 782.62 40.73% 12.01 12.10 79.60 84.30 57.80 56.84 23.52 23.63 68.03 68.69 82.80

30 Mankind Pharma Ltd. Drug formulations 839.49 1084.72 131.85 192.18 17.72% 58.26 84.62 2.27 191.32 255.20 23.53% 28.31 27.58 57.15 64.17 109.86 174.10 1.13 1.14 71.23 68.65 84.40

31 Maneesh Pharmaceuticals Ltd. Drug formulations 601.48 573.57 256.90 218.79 38.15% 231.56 248.12 0.88 94.03 70.64 12.32% 88.78 95.61 95.83 129.11 52.76 36.06 7.88 8.81 56.41 94.06 84.70

32 Aventis Pharma Ltd. Drug formulations 1034.48 1024.54 473.79 582.56 56.86% 142.82 144.88 4.02 278.09 262.30 25.60% 25.54 25.25 58.94 61.95 68.18 78.40 18.50 14.73 69.41 65.75 85.50

33 Kudos Chemie Ltd. Caffeine & its salts 226.11 362.57 182.65 304.31 83.93% 146.81 206.12 1.48 71.56 110.01 30.34% 74.77 96.05 97.88 59.90 92.79 45.13 93.29 31.39 178.22 177.50 87.70

34 Torrent Pharmaceuticals Ltd. Drug formulations 1182.24 1434.06 573.92 642.56 44.81% 487.24 525.62 1.22 255.38 378.49 26.39% 69.17 65.96 103.21 97.92 70.04 86.97 21.29 18.95 53.79 49.43 88.10

35 Cadila Healthcare Ltd. Drug formulations 1743.20 1941.80 837.70 1057.90 54.48% 836.90 950.40 1.11 443.40 646.80 33.31% 66.11 71.71 69.82 77.90 100.42 96.48 22.74 17.90 63.24 52.25 88.30

36 Aurobindo Pharma Ltd. Drugs, medicines & allied products 2791.13 3249.11 2080.53 2416.36 74.37% 872.87 1045.34 2.31 318.57 854.70 26.31% 124.49 127.14 72.14 77.23 83.69 83.95 42.90 46.92 50.07 59.03 89.50

37 Ipca Laboratories Ltd. Drug formulations 1290.03 1571.74 782.32 915.24 58.23% 563.03 636.47 1.44 188.83 337.76 21.49% 82.86 82.67 61.16 49.92 86.46 90.12 22.26 23.88 70.33 66.53 92.80

38 Lupin Ltd. Drug formulations 2945.59 3687.77 1592.84 1853.17 50.25% 975.62 1191.39 1.56 579.25 805.41 21.84% 82.27 80.18 105.19 67.39 94.31 89.41 36.97 30.93 74.39 61.35 93.00

39 Alembic Ltd. Drugs, medicines & allied products 1092.36 1013.49 662.55 582.69 57.49% 404.78 393.19 1.48 98.17 102.52 10.12% 78.02 76.34 60.73 78.13 88.38 114.95 5.29 5.74 51.57 63.17 93.10

40 Dr. Reddy'S Laboratories Ltd. Drug formulations 4445.00 4799.70 2101.90 2294.40 47.80% 1210.80 1315.60 1.74 901.50 1276.30 26.59% 94.93 94.25 106.69 140.93 80.91 86.31 33.67 40.42 48.36 58.41 93.70

41 Biocon Ltd. Bio-tech base drugs 911.55 1161.33 551.45 724.53 62.39% 714.18 678.40 1.07 198.82 355.54 30.61% 103.32 105.92 107.21 147.24 68.68 53.22 53.65 56.27 60.08 63.28 94.60

42 Unimark Remedies Ltd. Drug formulations 575.13 626.38 409.16 438.13 69.95% 282.33 375.88 1.17 76.10 87.64 13.99% 79.11 84.84 71.35 84.50 49.91 60.61 36.03 39.72 37.20 42.97 95.00

43 Sun Pharmaceutical Inds. Ltd. Drug formulations 2691.57 1820.86 931.85 1012.21 55.59% 699.26 740.52 1.37 1357.04 1015.99 55.80% 112.77 121.83 75.17 57.84 115.05 138.23 45.40 53.56 34.87 71.61 95.10

44 Ankur Drugs & Pharma Ltd. Drug formulations 965.82 1067.66 821.52 844.66 79.11% 346.15 704.40 1.20 131.65 219.84 20.59% 83.78 57.27 26.35 203.52 61.42 80.04 9.94 15.37 16.35 25.72 95.20

45 Unichem Laboratories Ltd. Drug formulations 654.72 686.93 248.74 239.29 34.83% 280.12 314.92 0.76 165.80 187.62 27.31% 74.81 81.36 70.96 88.52 72.94 103.09 14.29 21.10 51.10 57.60 95.40

DR

UGS AN

D PH

ARM

ACEUTICALS

industry 2.0 - technology management for decision-makers | march 2012 49

large manufacturing companieslarge manufacturing companies

www.industry20.com

Page 52: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

46 Ind-Swift Ltd. Drug formulations 587.06 680.63 508.56 635.65 93.39% 147.15 211.24 3.01 89.47 96.97 14.25% 99.24 95.82 106.12 106.31 60.36 55.56 21.69 17.20 131.71 151.86 101.50

47 Cipla Ltd. Drug formulations 5239.16 5621.72 2654.57 2836.97 50.46% 1992.49 2011.17 1.41 1086.04 1513.19 26.92% 112.99 113.08 88.65 77.85 135.58 122.70 22.23 39.34 58.52 76.99 102.40

48 Cadila Pharmaceuticals Ltd. Drug formulations 669.94 658.34 386.17 351.51 53.39% 296.44 338.22 1.04 90.12 64.92 9.86% 78.70 91.22 98.10 92.27 47.85 58.78 27.18 32.61 67.50 71.89 103.60

49 Panacea Biotec Ltd. Drug formulations 775.13 890.02 423.24 632.51 71.07% 524.12 532.09 1.19 10.50 205.53 23.09% 63.86 47.85 94.81 61.30 280.70 220.61 9.16 8.45 74.07 77.09 105.30

50 Ajanta Pharma Ltd. Drug formulations 319.30 381.84 153.94 174.55 45.71% 130.21 160.85 1.09 61.09 72.50 18.99% 101.91 86.48 62.79 82.27 113.05 135.58 16.35 10.40 121.91 91.27 106.10

51 Matrix Laboratories Ltd. Drugs, medicines & allied products 1486.44 1879.67 961.34 1360.95 72.40% 613.19 858.31 1.59 347.96 395.36 21.03% 88.07 94.20 94.54 120.26 54.72 49.07 66.33 79.14 75.15 90.23 107.60

52 Glenmark Generics Ltd. Pharmaceutical products, nec 778.86 825.82 523.98 441.02 53.40% 322.48 395.28 1.12 216.72 290.18 35.14% 109.17 187.09 496.29 199.38 30.38 89.77 31.97 68.95 45.51 89.77 108.20

53 Nectar Lifesciences Ltd. Drugs, medicines & allied products 730.81 849.90 650.78 586.27 68.98% 526.08 627.26 0.93 145.99 213.59 25.13% 76.72 80.65 89.14 72.38 23.09 33.35 141.28 191.57 146.45 178.70 110.20

54 Ranbaxy Laboratories Ltd. Drug formulations 3933.60 4619.27 2196.75 2691.68 58.27% 1456.69 1589.61 1.69 -1347.87 1248.50 27.03% 89.79 102.52 303.09 206.28 138.16 116.84 37.78 36.87 81.30 73.57 110.60

55 Arch Pharmalabs Ltd. Drugs, medicines & allied products 713.33 1023.37 504.27 671.44 65.61% 460.90 577.07 1.16 133.04 242.81 23.73% 116.18 136.78 103.58 103.13 91.18 98.54 37.60 43.77 76.88 85.72 112.30

56 Fresenius Kabi Oncology Ltd. Drug formulations 261.80 421.14 175.79 231.19 54.90% 195.52 195.10 1.18 -43.96 115.90 27.52% 138.51 115.87 59.89 76.97 186.93 181.70 54.58 75.73 100.51 129.71 117.00

57 Ind-Swift Laboratories Ltd. Drugs, medicines & allied products 583.24 781.75 262.46 382.94 48.98% 492.11 478.75 0.80 114.15 121.23 15.51% 63.94 66.70 95.03 87.72 74.00 70.19 106.32 96.13 80.40 80.06 117.80

58 Surya Pharmaceutical Ltd. Antibiotics 722.74 1133.26 673.10 1163.47 102.67% 212.84 229.40 5.07 112.95 166.60 14.70% 53.58 45.79 102.88 108.61 57.96 53.53 121.11 133.16 124.47 135.75 122.60

59 Orchid Chemicals & Pharmaceuticals Ltd. Drug formulations 1189.84 1248.14 799.01 757.56 60.70% 1866.35 1463.42 0.52 249.32 853.94 68.42% 184.12 201.77 130.22 116.03 121.63 127.51 172.40 96.84 210.27 123.16 123.20

60 Serum Institute Of India Ltd. Vaccines 1091.78 706.25 346.98 268.30 37.99% 485.69 558.66 0.48 468.20 383.45 54.29% 62.33 89.73 71.22 68.08 174.86 197.26 135.68 196.02 150.50 242.38 124.90

61 Natco Pharma Ltd. Drug formulations 265.42 307.73 155.77 158.60 51.54% 201.16 233.20 0.68 77.51 86.65 28.16% 62.58 65.37 150.21 134.41 90.64 107.26 62.01 61.52 85.72 83.07 125.70

62 Divi'S Laboratories Ltd. Drugs, medicines & allied products 1193.91 937.14 712.32 561.81 59.95% 589.66 589.67 0.95 510.38 440.98 47.06% 75.58 100.15 76.24 96.08 83.49 115.95 69.27 179.05 120.32 232.44 126.40

63 Dishman Pharmaceuticals & Chemicals Ltd. Drug formulations 415.76 352.61 190.46 193.59 54.90% 268.61 353.83 0.55 133.83 126.88 35.98% 67.90 69.44 44.73 148.25 99.19 102.50 97.54 79.63 125.05 122.98 129.50

E L E C T R I C A L E Q U I P M E N T

1 Nippo Batteries Co. Ltd. Dry cells 263.78 309.88 186.36 188.35 60.78% 47.78 51.98 3.62 30.50 31.01 10.01% 62.62 65.07 32.66 30.37 27.10 28.01 3.98 4.40 18.95 23.02 22.00

2 Crompton Greaves Ltd. Generators, transformers & switchgears 4725.50 5372.48 2762.23 3095.96 57.63% 510.71 533.81 5.80 693.39 982.54 18.29% 73.33 75.31 101.25 109.61 15.72 13.38 14.34 15.14 16.27 17.18 22.30

3 Jaksons Ltd. Generating sets with diesel engines 572.49 680.73 511.68 596.42 87.61% 13.85 46.56 12.81 46.65 84.43 12.40% 48.37 40.98 72.62 93.05 38.14 25.30 3.08 8.10 3.46 9.77 25.10

4 Marathon Electric India Pvt. Ltd. Electric motors, nec 435.54 377.47 316.56 275.41 72.96% 52.16 48.86 5.64 10.49 63.44 16.81% 59.64 64.10 67.24 42.28 32.55 40.09 7.80 9.96 14.53 18.06 25.30

5 Transformers & Rectifiers (India) Ltd. Transformers 427.54 516.21 314.33 405.75 78.60% 40.51 85.06 4.77 75.34 84.02 16.28% 105.23 99.76 73.76 61.86 25.60 20.68 33.16 20.21 41.80 28.23 25.90

6 Siemens Ltd. Switching apparatus 8339.36 9276.89 6154.61 6590.67 71.04% 628.88 711.51 9.26 1515.52 1370.82 14.78% 149.48 132.08 187.11 182.14 38.58 45.88 5.29 9.55 11.36 15.44 26.10

7 Sudhir Gensets Ltd. Generating sets with diesel engines 752.35 751.53 573.63 605.33 80.55% 65.52 103.47 5.85 142.26 193.89 25.80% 37.57 38.42 48.24 63.06 43.29 36.90 10.01 11.12 16.76 23.03 27.80

8 Powerica Ltd. Generating sets with diesel engines 908.90 812.44 722.05 655.20 80.65% 103.93 292.86 2.24 135.82 165.57 20.38% 41.33 45.62 71.89 98.80 40.74 36.97 0.65 2.22 4.54 5.59 27.90

9 Bharat Bijlee Ltd. Transformers 541.59 660.81 415.97 527.24 79.79% 67.53 70.96 7.43 84.66 75.72 11.46% 99.30 87.10 79.06 81.63 26.08 21.21 23.33 17.77 50.64 37.74 29.10

10 Voltamp Transformers Ltd. Transformers 648.83 541.87 465.30 426.46 78.70% 18.05 43.74 9.75 174.95 128.30 23.68% 45.35 71.02 27.05 28.91 7.70 7.25 42.89 41.50 43.28 41.88 30.00

11 Amara Raja Batteries Ltd. Storage batteries 1330.98 1470.18 974.62 1066.92 72.57% 281.34 305.74 3.49 175.45 304.14 20.69% 50.07 48.84 30.08 41.83 33.59 31.63 20.93 21.24 35.19 37.78 31.90

12 Areva T & D India Ltd. Diversified 2645.31 3568.79 2071.68 2794.50 78.30% 197.08 820.63 3.41 411.23 411.52 11.53% 144.59 139.92 227.79 228.18 29.52 26.18 30.09 23.43 33.30 26.41 33.80

13 Legrand (India) Pvt. Ltd. Automatic circuit breakers 381.36 428.28 183.37 176.91 41.31% 26.03 41.77 4.24 32.79 87.28 20.38% 94.41 94.48 78.09 94.89 35.50 40.52 15.98 20.11 42.50 41.96 34.10

14 Exide Industries Ltd. Storage batteries 3379.86 3799.72 2482.35 2647.61 69.68% 668.00 676.68 3.91 536.19 903.94 23.79% 21.23 19.66 37.72 48.12 35.28 35.28 17.65 18.39 42.88 43.07 34.60

15 Kirloskar Electric Co. Ltd. Motors & generators 866.31 839.78 720.41 703.80 83.81% 160.43 168.55 4.18 70.64 84.02 10.01% 76.88 84.40 108.14 114.13 9.22 10.58 22.90 23.85 33.36 32.89 36.30

16 Bilpower Ltd. Stampings & laminations 423.13 452.83 418.98 412.02 90.99% 56.51 63.00 6.54 35.62 35.29 7.79% 110.24 143.92 59.81 81.21 7.24 6.88 27.07 30.86 52.02 59.34 38.10

17 Base Corporation Ltd. Storage batteries 441.36 521.61 455.44 418.85 80.30% 22.56 55.95 7.49 46.75 59.57 11.42% 22.73 41.76 4.24 31.51 65.87 48.33 4.05 8.19 97.90 157.12 38.20

18 Emco Ltd. Transformers 995.43 977.94 813.17 817.40 83.58% 182.54 196.44 4.16 143.86 241.48 24.69% 152.95 167.65 162.67 135.78 48.61 46.24 24.07 27.23 24.45 30.90 38.80

19 Honda Siel Power Products Ltd. Portable generating sets 235.40 306.24 119.66 194.68 63.57% 61.31 63.42 3.07 30.28 27.17 8.87% 23.19 13.85 43.10 54.24 102.04 60.50 7.44 4.80 47.00 40.14 38.90

20 Kryfs Power Components Ltd. Stampings & laminations 272.03 310.68 249.57 268.54 86.44% 43.84 50.32 5.34 12.19 28.06 9.03% 86.22 79.41 108.80 70.88 54.85 45.03 29.39 25.53 31.27 26.84 39.00

21 Wartsila India Ltd. Generating sets with diesel engines 341.93 426.55 165.42 191.69 44.94% 34.57 41.72 4.59 52.38 71.50 16.76% 86.94 92.75 115.04 92.52 63.41 69.35 36.70 39.79 45.67 41.12 43.40

22 H B L Power Systems Ltd. Lead-acid accumulators 1237.98 1097.75 957.74 827.25 75.36% 288.16 342.98 2.41 192.52 202.81 18.48% 72.48 94.15 46.93 52.25 40.89 62.18 23.17 25.69 33.05 43.66 43.90

23 Eveready Industries (India) Ltd. Dry cells 859.99 963.24 472.42 559.43 58.08% 872.80 835.15 0.67 89.57 224.39 23.30% 16.34 14.04 127.78 79.51 61.89 56.97 26.87 22.78 66.35 59.95 46.10

24 Vijai Electricals Ltd. Transformers 1420.97 1601.40 1302.00 1392.28 86.94% 448.45 482.30 2.89 150.96 167.41 10.45% 143.54 147.55 153.87 188.96 76.35 77.17 26.31 26.45 45.05 42.49 51.40

E L E C T R I C A L M A C H I N E R Y & T O O L S

1 Danieli India Ltd. Industrial furnaces & ovens 204.84 348.69 164.34 254.92 73.11% 38.28 35.72 7.14 12.72 47.39 13.59% 239.61 218.99 314.01 226.56 8.74 5.26 7.14 7.82 7.38 8.05 5.40

2 Esab India Ltd. Welding electrodes / sticks / wires / fluxes 426.47 422.94 263.57 251.69 59.51% 67.69 88.96 2.83 99.19 108.63 25.68% 11.43 12.14 43.32 50.66 28.88 29.64 4.97 6.54 25.47 28.35 7.20

3 Modern Insulators Ltd. Porcelain HT insulators 422.20 539.93 339.26 463.70 85.88% 100.91 137.31 3.38 65.94 61.45 11.38% 44.56 29.10 36.58 32.27 26.21 19.71 12.18 11.66 29.32 31.95 8.40

4 Unitech Machines Ltd. Electric signalling apparatus 400.99 565.36 323.51 435.88 77.10% 112.73 153.58 2.84 54.62 79.84 14.12% 98.32 98.50 77.14 76.45 29.85 35.85 12.51 14.62 18.09 19.13 8.80

5 Kennametal India Ltd. Machine tools 304.72 364.83 157.24 178.51 48.93% 120.31 104.14 1.71 59.94 96.98 26.58% 79.13 58.73 55.74 68.29 54.56 48.15 34.38 27.26 51.07 42.96 10.70

E L E C T R I C I T Y G E N E R A T I O N

1 S M C Power Generation Ltd. Electricity energy 332.78 333.06 272.46 272.47 81.81% 214.43 259.47 1.05 69.66 57.60 17.29% 10.74 21.73 17.76 46.17 69.45 67.11 0.71 0.95 21.06 32.12 6.10

2 Northern Power Distribution Co. Of Andhra Pradesh Ltd. Electricity energy 3652.92 3768.49 202.31 227.01 6.02% 1300.10 1499.76 0.15 246.29 334.03 8.86% 44.29 56.95 144.03 139.67 22177.90 14325.40 4.22 4.87 0.42 0.52 6.80

3 Madras Aluminium Co. Ltd. Electricity energy 491.49 468.62 396.55 242.44 51.73% 250.68 316.48 0.77 72.73 218.22 46.57% 23.75 29.91 106.00 115.22 35.02 38.97 17.77 10.03 18.66 10.27 6.90

4 Nava Bharat Ventures Ltd. Electricity energy 1297.56 1186.11 629.35 569.86 48.04% 699.54 677.85 0.84 549.23 567.09 47.81% 24.54 36.37 74.26 89.66 120.71 156.45 5.08 5.07 101.26 79.05 7.20

E L E C T R O N I C S

1 Vuppalamritha Magnetic Components Ltd. Other communication equipment 668.69 1011.51 568.26 816.58 80.73% 20.89 21.97 37.17 90.05 161.17 15.93% 223.45 224.42 199.66 154.81 9.19 4.89 0.33 0.92 2.81 2.76 19.50

2 Panasonic A V C Networks India Co. Ltd. Television receivers, colour 195.01 353.75 179.64 316.10 89.36% 9.25 13.54 23.35 3.28 26.04 7.36% 28.26 20.98 37.99 26.36 14.68 13.93 0.08 0.06 0.70 1.46 24.20

www.industry20.com50 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 53: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

46 Ind-Swift Ltd. Drug formulations 587.06 680.63 508.56 635.65 93.39% 147.15 211.24 3.01 89.47 96.97 14.25% 99.24 95.82 106.12 106.31 60.36 55.56 21.69 17.20 131.71 151.86 101.50

47 Cipla Ltd. Drug formulations 5239.16 5621.72 2654.57 2836.97 50.46% 1992.49 2011.17 1.41 1086.04 1513.19 26.92% 112.99 113.08 88.65 77.85 135.58 122.70 22.23 39.34 58.52 76.99 102.40

48 Cadila Pharmaceuticals Ltd. Drug formulations 669.94 658.34 386.17 351.51 53.39% 296.44 338.22 1.04 90.12 64.92 9.86% 78.70 91.22 98.10 92.27 47.85 58.78 27.18 32.61 67.50 71.89 103.60

49 Panacea Biotec Ltd. Drug formulations 775.13 890.02 423.24 632.51 71.07% 524.12 532.09 1.19 10.50 205.53 23.09% 63.86 47.85 94.81 61.30 280.70 220.61 9.16 8.45 74.07 77.09 105.30

50 Ajanta Pharma Ltd. Drug formulations 319.30 381.84 153.94 174.55 45.71% 130.21 160.85 1.09 61.09 72.50 18.99% 101.91 86.48 62.79 82.27 113.05 135.58 16.35 10.40 121.91 91.27 106.10

51 Matrix Laboratories Ltd. Drugs, medicines & allied products 1486.44 1879.67 961.34 1360.95 72.40% 613.19 858.31 1.59 347.96 395.36 21.03% 88.07 94.20 94.54 120.26 54.72 49.07 66.33 79.14 75.15 90.23 107.60

52 Glenmark Generics Ltd. Pharmaceutical products, nec 778.86 825.82 523.98 441.02 53.40% 322.48 395.28 1.12 216.72 290.18 35.14% 109.17 187.09 496.29 199.38 30.38 89.77 31.97 68.95 45.51 89.77 108.20

53 Nectar Lifesciences Ltd. Drugs, medicines & allied products 730.81 849.90 650.78 586.27 68.98% 526.08 627.26 0.93 145.99 213.59 25.13% 76.72 80.65 89.14 72.38 23.09 33.35 141.28 191.57 146.45 178.70 110.20

54 Ranbaxy Laboratories Ltd. Drug formulations 3933.60 4619.27 2196.75 2691.68 58.27% 1456.69 1589.61 1.69 -1347.87 1248.50 27.03% 89.79 102.52 303.09 206.28 138.16 116.84 37.78 36.87 81.30 73.57 110.60

55 Arch Pharmalabs Ltd. Drugs, medicines & allied products 713.33 1023.37 504.27 671.44 65.61% 460.90 577.07 1.16 133.04 242.81 23.73% 116.18 136.78 103.58 103.13 91.18 98.54 37.60 43.77 76.88 85.72 112.30

56 Fresenius Kabi Oncology Ltd. Drug formulations 261.80 421.14 175.79 231.19 54.90% 195.52 195.10 1.18 -43.96 115.90 27.52% 138.51 115.87 59.89 76.97 186.93 181.70 54.58 75.73 100.51 129.71 117.00

57 Ind-Swift Laboratories Ltd. Drugs, medicines & allied products 583.24 781.75 262.46 382.94 48.98% 492.11 478.75 0.80 114.15 121.23 15.51% 63.94 66.70 95.03 87.72 74.00 70.19 106.32 96.13 80.40 80.06 117.80

58 Surya Pharmaceutical Ltd. Antibiotics 722.74 1133.26 673.10 1163.47 102.67% 212.84 229.40 5.07 112.95 166.60 14.70% 53.58 45.79 102.88 108.61 57.96 53.53 121.11 133.16 124.47 135.75 122.60

59 Orchid Chemicals & Pharmaceuticals Ltd. Drug formulations 1189.84 1248.14 799.01 757.56 60.70% 1866.35 1463.42 0.52 249.32 853.94 68.42% 184.12 201.77 130.22 116.03 121.63 127.51 172.40 96.84 210.27 123.16 123.20

60 Serum Institute Of India Ltd. Vaccines 1091.78 706.25 346.98 268.30 37.99% 485.69 558.66 0.48 468.20 383.45 54.29% 62.33 89.73 71.22 68.08 174.86 197.26 135.68 196.02 150.50 242.38 124.90

61 Natco Pharma Ltd. Drug formulations 265.42 307.73 155.77 158.60 51.54% 201.16 233.20 0.68 77.51 86.65 28.16% 62.58 65.37 150.21 134.41 90.64 107.26 62.01 61.52 85.72 83.07 125.70

62 Divi'S Laboratories Ltd. Drugs, medicines & allied products 1193.91 937.14 712.32 561.81 59.95% 589.66 589.67 0.95 510.38 440.98 47.06% 75.58 100.15 76.24 96.08 83.49 115.95 69.27 179.05 120.32 232.44 126.40

63 Dishman Pharmaceuticals & Chemicals Ltd. Drug formulations 415.76 352.61 190.46 193.59 54.90% 268.61 353.83 0.55 133.83 126.88 35.98% 67.90 69.44 44.73 148.25 99.19 102.50 97.54 79.63 125.05 122.98 129.50

E L E C T R I C A L E Q U I P M E N T

1 Nippo Batteries Co. Ltd. Dry cells 263.78 309.88 186.36 188.35 60.78% 47.78 51.98 3.62 30.50 31.01 10.01% 62.62 65.07 32.66 30.37 27.10 28.01 3.98 4.40 18.95 23.02 22.00

2 Crompton Greaves Ltd. Generators, transformers & switchgears 4725.50 5372.48 2762.23 3095.96 57.63% 510.71 533.81 5.80 693.39 982.54 18.29% 73.33 75.31 101.25 109.61 15.72 13.38 14.34 15.14 16.27 17.18 22.30

3 Jaksons Ltd. Generating sets with diesel engines 572.49 680.73 511.68 596.42 87.61% 13.85 46.56 12.81 46.65 84.43 12.40% 48.37 40.98 72.62 93.05 38.14 25.30 3.08 8.10 3.46 9.77 25.10

4 Marathon Electric India Pvt. Ltd. Electric motors, nec 435.54 377.47 316.56 275.41 72.96% 52.16 48.86 5.64 10.49 63.44 16.81% 59.64 64.10 67.24 42.28 32.55 40.09 7.80 9.96 14.53 18.06 25.30

5 Transformers & Rectifiers (India) Ltd. Transformers 427.54 516.21 314.33 405.75 78.60% 40.51 85.06 4.77 75.34 84.02 16.28% 105.23 99.76 73.76 61.86 25.60 20.68 33.16 20.21 41.80 28.23 25.90

6 Siemens Ltd. Switching apparatus 8339.36 9276.89 6154.61 6590.67 71.04% 628.88 711.51 9.26 1515.52 1370.82 14.78% 149.48 132.08 187.11 182.14 38.58 45.88 5.29 9.55 11.36 15.44 26.10

7 Sudhir Gensets Ltd. Generating sets with diesel engines 752.35 751.53 573.63 605.33 80.55% 65.52 103.47 5.85 142.26 193.89 25.80% 37.57 38.42 48.24 63.06 43.29 36.90 10.01 11.12 16.76 23.03 27.80

8 Powerica Ltd. Generating sets with diesel engines 908.90 812.44 722.05 655.20 80.65% 103.93 292.86 2.24 135.82 165.57 20.38% 41.33 45.62 71.89 98.80 40.74 36.97 0.65 2.22 4.54 5.59 27.90

9 Bharat Bijlee Ltd. Transformers 541.59 660.81 415.97 527.24 79.79% 67.53 70.96 7.43 84.66 75.72 11.46% 99.30 87.10 79.06 81.63 26.08 21.21 23.33 17.77 50.64 37.74 29.10

10 Voltamp Transformers Ltd. Transformers 648.83 541.87 465.30 426.46 78.70% 18.05 43.74 9.75 174.95 128.30 23.68% 45.35 71.02 27.05 28.91 7.70 7.25 42.89 41.50 43.28 41.88 30.00

11 Amara Raja Batteries Ltd. Storage batteries 1330.98 1470.18 974.62 1066.92 72.57% 281.34 305.74 3.49 175.45 304.14 20.69% 50.07 48.84 30.08 41.83 33.59 31.63 20.93 21.24 35.19 37.78 31.90

12 Areva T & D India Ltd. Diversified 2645.31 3568.79 2071.68 2794.50 78.30% 197.08 820.63 3.41 411.23 411.52 11.53% 144.59 139.92 227.79 228.18 29.52 26.18 30.09 23.43 33.30 26.41 33.80

13 Legrand (India) Pvt. Ltd. Automatic circuit breakers 381.36 428.28 183.37 176.91 41.31% 26.03 41.77 4.24 32.79 87.28 20.38% 94.41 94.48 78.09 94.89 35.50 40.52 15.98 20.11 42.50 41.96 34.10

14 Exide Industries Ltd. Storage batteries 3379.86 3799.72 2482.35 2647.61 69.68% 668.00 676.68 3.91 536.19 903.94 23.79% 21.23 19.66 37.72 48.12 35.28 35.28 17.65 18.39 42.88 43.07 34.60

15 Kirloskar Electric Co. Ltd. Motors & generators 866.31 839.78 720.41 703.80 83.81% 160.43 168.55 4.18 70.64 84.02 10.01% 76.88 84.40 108.14 114.13 9.22 10.58 22.90 23.85 33.36 32.89 36.30

16 Bilpower Ltd. Stampings & laminations 423.13 452.83 418.98 412.02 90.99% 56.51 63.00 6.54 35.62 35.29 7.79% 110.24 143.92 59.81 81.21 7.24 6.88 27.07 30.86 52.02 59.34 38.10

17 Base Corporation Ltd. Storage batteries 441.36 521.61 455.44 418.85 80.30% 22.56 55.95 7.49 46.75 59.57 11.42% 22.73 41.76 4.24 31.51 65.87 48.33 4.05 8.19 97.90 157.12 38.20

18 Emco Ltd. Transformers 995.43 977.94 813.17 817.40 83.58% 182.54 196.44 4.16 143.86 241.48 24.69% 152.95 167.65 162.67 135.78 48.61 46.24 24.07 27.23 24.45 30.90 38.80

19 Honda Siel Power Products Ltd. Portable generating sets 235.40 306.24 119.66 194.68 63.57% 61.31 63.42 3.07 30.28 27.17 8.87% 23.19 13.85 43.10 54.24 102.04 60.50 7.44 4.80 47.00 40.14 38.90

20 Kryfs Power Components Ltd. Stampings & laminations 272.03 310.68 249.57 268.54 86.44% 43.84 50.32 5.34 12.19 28.06 9.03% 86.22 79.41 108.80 70.88 54.85 45.03 29.39 25.53 31.27 26.84 39.00

21 Wartsila India Ltd. Generating sets with diesel engines 341.93 426.55 165.42 191.69 44.94% 34.57 41.72 4.59 52.38 71.50 16.76% 86.94 92.75 115.04 92.52 63.41 69.35 36.70 39.79 45.67 41.12 43.40

22 H B L Power Systems Ltd. Lead-acid accumulators 1237.98 1097.75 957.74 827.25 75.36% 288.16 342.98 2.41 192.52 202.81 18.48% 72.48 94.15 46.93 52.25 40.89 62.18 23.17 25.69 33.05 43.66 43.90

23 Eveready Industries (India) Ltd. Dry cells 859.99 963.24 472.42 559.43 58.08% 872.80 835.15 0.67 89.57 224.39 23.30% 16.34 14.04 127.78 79.51 61.89 56.97 26.87 22.78 66.35 59.95 46.10

24 Vijai Electricals Ltd. Transformers 1420.97 1601.40 1302.00 1392.28 86.94% 448.45 482.30 2.89 150.96 167.41 10.45% 143.54 147.55 153.87 188.96 76.35 77.17 26.31 26.45 45.05 42.49 51.40

E L E C T R I C A L M A C H I N E R Y & T O O L S

1 Danieli India Ltd. Industrial furnaces & ovens 204.84 348.69 164.34 254.92 73.11% 38.28 35.72 7.14 12.72 47.39 13.59% 239.61 218.99 314.01 226.56 8.74 5.26 7.14 7.82 7.38 8.05 5.40

2 Esab India Ltd. Welding electrodes / sticks / wires / fluxes 426.47 422.94 263.57 251.69 59.51% 67.69 88.96 2.83 99.19 108.63 25.68% 11.43 12.14 43.32 50.66 28.88 29.64 4.97 6.54 25.47 28.35 7.20

3 Modern Insulators Ltd. Porcelain HT insulators 422.20 539.93 339.26 463.70 85.88% 100.91 137.31 3.38 65.94 61.45 11.38% 44.56 29.10 36.58 32.27 26.21 19.71 12.18 11.66 29.32 31.95 8.40

4 Unitech Machines Ltd. Electric signalling apparatus 400.99 565.36 323.51 435.88 77.10% 112.73 153.58 2.84 54.62 79.84 14.12% 98.32 98.50 77.14 76.45 29.85 35.85 12.51 14.62 18.09 19.13 8.80

5 Kennametal India Ltd. Machine tools 304.72 364.83 157.24 178.51 48.93% 120.31 104.14 1.71 59.94 96.98 26.58% 79.13 58.73 55.74 68.29 54.56 48.15 34.38 27.26 51.07 42.96 10.70

E L E C T R I C I T Y G E N E R A T I O N

1 S M C Power Generation Ltd. Electricity energy 332.78 333.06 272.46 272.47 81.81% 214.43 259.47 1.05 69.66 57.60 17.29% 10.74 21.73 17.76 46.17 69.45 67.11 0.71 0.95 21.06 32.12 6.10

2 Northern Power Distribution Co. Of Andhra Pradesh Ltd. Electricity energy 3652.92 3768.49 202.31 227.01 6.02% 1300.10 1499.76 0.15 246.29 334.03 8.86% 44.29 56.95 144.03 139.67 22177.90 14325.40 4.22 4.87 0.42 0.52 6.80

3 Madras Aluminium Co. Ltd. Electricity energy 491.49 468.62 396.55 242.44 51.73% 250.68 316.48 0.77 72.73 218.22 46.57% 23.75 29.91 106.00 115.22 35.02 38.97 17.77 10.03 18.66 10.27 6.90

4 Nava Bharat Ventures Ltd. Electricity energy 1297.56 1186.11 629.35 569.86 48.04% 699.54 677.85 0.84 549.23 567.09 47.81% 24.54 36.37 74.26 89.66 120.71 156.45 5.08 5.07 101.26 79.05 7.20

E L E C T R O N I C S

1 Vuppalamritha Magnetic Components Ltd. Other communication equipment 668.69 1011.51 568.26 816.58 80.73% 20.89 21.97 37.17 90.05 161.17 15.93% 223.45 224.42 199.66 154.81 9.19 4.89 0.33 0.92 2.81 2.76 19.50

2 Panasonic A V C Networks India Co. Ltd. Television receivers, colour 195.01 353.75 179.64 316.10 89.36% 9.25 13.54 23.35 3.28 26.04 7.36% 28.26 20.98 37.99 26.36 14.68 13.93 0.08 0.06 0.70 1.46 24.20

ELECTRICAL

EQUIPM

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PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

3 Yokogawa India Ltd. Process control equipment 503.49 498.75 277.24 258.48 51.83% 54.16 57.46 4.50 23.80 57.50 11.53% 98.14 120.91 141.34 145.24 16.65 10.72 0.42 0.48 10.69 10.67 24.30

4 Honeywell Automation India Ltd. Process control equipment 1000.50 1172.05 727.23 742.98 63.39% 55.28 71.77 10.35 122.41 190.40 16.25% 114.07 109.12 109.36 95.39 26.09 42.47 21.11 3.08 28.27 7.76 29.10

5 R P Info Systems Pvt. Ltd. Computer systems 737.86 1147.29 402.54 664.77 57.94% 34.02 52.90 12.57 76.20 114.24 9.96% 62.62 75.80 59.70 46.84 21.60 21.79 1.27 1.87 31.62 33.12 29.40

6 Universal Comfort Products Ltd. Window airconditioner 134.38 331.06 130.50 308.43 93.16% 39.51 28.04 11.00 -12.98 17.16 5.18% 56.49 5.34 104.86 41.64 84.52 37.95 0.42 0.38 15.46 7.26 34.80

7 Trend Electronics Ltd. Television receivers 827.18 1896.69 790.43 1812.06 95.54% 115.71 172.64 10.50 28.21 89.50 4.72% 62.61 38.56 60.37 38.76 57.02 37.45 7.53 4.30 11.12 7.16 36.80

8 Videocon Industries Ltd. Television receivers 8541.31 13682.06 5927.93 9550.91 69.81% 5077.25 5154.05 1.85 1820.58 2650.78 19.37% 65.41 54.87 41.04 27.59 79.96 58.16 4.44 2.81 24.86 16.16 38.40

9 Blue Star Ltd. Refrigerators, air conditioners, etc. 2502.31 2524.49 1366.33 1308.73 51.84% 187.58 197.67 6.62 277.65 315.18 12.48% 78.26 88.26 120.98 152.48 25.95 28.69 20.62 11.84 28.16 20.10 38.80

10 Carrier Airconditioning & Refrigeration Ltd. Window/split airconditioners 795.18 868.72 529.05 570.98 65.73% 49.87 46.11 12.38 61.08 90.34 10.40% 66.86 63.35 89.43 88.55 56.37 54.51 1.88 1.54 36.11 27.99 39.40

11 Samtel Color Ltd. TV picture tubes colour 726.13 1119.75 711.40 988.60 88.29% 755.37 697.41 1.42 -7.88 171.56 15.32% 36.65 29.66 127.77 87.70 39.18 26.38 8.14 5.25 16.14 11.75 40.30

12 Lloyd Electric & Engineering Ltd. Accessories of air conditioners & refrigerators 585.32 676.51 529.19 599.70 88.65% 189.92 194.47 3.08 48.35 71.60 10.58% 103.82 95.35 32.75 42.22 73.76 78.34 1.38 2.21 12.27 8.58 40.50

13 T T K Prestige Ltd. Cookers 401.35 507.11 161.41 174.52 34.41% 35.90 40.49 4.31 38.13 80.13 15.80% 42.48 39.36 57.88 74.12 36.40 34.23 5.53 3.72 61.90 52.63 41.20

14 Whirlpool Of India Ltd. Refrigerators, freezers, etc. 1964.99 2242.47 1106.05 1389.55 61.97% 306.45 289.85 4.79 138.40 247.86 11.05% 24.50 26.81 84.38 106.26 26.80 26.06 1.77 1.17 67.85 64.25 43.00

15 Numeric Power Systems Ltd. Uninterrupted power supplies 408.15 436.38 240.28 249.46 57.17% 50.38 67.32 3.71 51.22 54.26 12.43% 77.59 74.89 51.89 46.65 76.53 99.82 4.14 3.59 34.94 37.27 45.80

16 Opto Circuits (India) Ltd. Medical equipment 400.50 471.25 245.41 246.00 52.20% 34.14 80.43 3.06 182.03 200.13 42.47% 203.29 172.29 46.36 9.10 104.87 132.11 20.94 30.83 23.24 31.06 46.90

17 Fedders Lloyd Corpn. Ltd. Air conditioning machines / systems 459.85 684.40 425.20 612.30 89.47% 89.04 100.55 6.09 29.85 77.66 11.35% 56.49 49.94 27.70 30.73 32.10 31.24 20.84 11.98 51.27 46.67 47.90

18 I F B Industries Ltd. Washing machines 496.34 610.92 268.60 320.47 52.46% 70.24 75.48 4.25 323.85 66.45 10.88% 17.67 14.37 68.07 67.03 42.47 45.96 11.79 8.79 44.33 41.00 49.30

19 Usha International Ltd. Fans 806.96 1007.69 128.48 164.97 16.37% 34.07 56.65 2.91 40.65 58.37 5.79% 39.16 29.75 59.05 87.69 26.53 29.06 11.40 10.82 44.77 45.26 49.40

20 Applicomp (India) Ltd. Electric appliances 744.75 744.75 653.12 653.12 87.70% 467.36 467.36 1.40 80.95 80.95 10.87% 70.84 70.84 92.14 92.14 104.37 104.37 5.99 5.99 9.51 9.51 52.00

21 Electronics Corporation Of India Ltd. VHF radio systems 980.11 1062.13 936.61 1020.73 96.10% 90.95 94.52 10.80 48.77 85.43 8.04% 471.74 444.11 387.43 374.10 32.92 40.79 13.02 25.04 17.65 31.41 52.10

22 Instrumentation Ltd. Control instrumentation & industrial electronics 244.69 321.82 143.45 206.46 64.15% 11.22 11.47 18.00 -22.36 344.74 107.12% 284.79 253.00 172.40 190.12 163.91 156.34 49.15 25.71 52.71 33.65 53.10

23 Bajaj Electricals Ltd. Electric appliances 1762.61 2225.77 281.02 296.00 13.30% 94.59 101.49 2.92 189.61 238.75 10.73% 101.61 107.10 116.81 111.00 63.14 67.87 19.63 18.76 36.23 33.70 54.10

24 Avtec Limited Electronics 394.42 434.63 253.87 284.31 65.41% 225.71 291.20 0.98 52.23 81.66 18.79% 87.19 80.36 106.37 97.42 69.25 53.02 22.18 16.92 49.48 44.57 54.60

25 Value Industries Ltd. Domestic appliances (Electro-mechanical) 1202.58 1711.85 1029.18 1476.91 86.28% 782.80 800.98 1.84 146.36 210.62 12.30% 73.20 52.78 43.74 57.99 90.08 66.43 30.04 19.98 36.00 25.42 54.70

26 Mirc Electronics Ltd. Television receivers, colour 1427.47 1498.68 607.82 633.86 42.29% 183.50 214.78 2.95 53.25 56.75 3.79% 30.66 24.50 39.11 75.43 56.60 46.86 9.00 10.33 51.47 46.66 55.50

27 Philips Electronics India Ltd. Lamps 3061.90 3208.70 565.95 672.15 20.95% 232.00 328.50 2.05 272.70 260.80 8.13% 37.43 36.11 78.51 91.53 34.91 48.43 14.67 12.86 38.94 45.86 56.30

28 J C T Electronics Ltd. TV picture tubes colour 389.63 482.49 410.51 439.25 91.04% 360.65 350.57 1.25 -45.29 25.84 5.36% 9.85 22.25 285.89 296.12 50.19 49.00 6.77 5.84 14.42 15.80 58.40

29 Hitachi Home & Life Solutions (India) Ltd. Window/split airconditioners 467.98 636.98 331.42 489.93 76.91% 64.97 104.57 4.69 36.63 70.29 11.03% 61.28 48.10 121.64 123.62 89.55 66.26 8.16 7.78 50.94 53.42 59.30

30 Su-Kam Power Systems Ltd. Uninterrupted power supplies 307.69 394.19 187.77 271.44 68.86% 109.12 107.40 2.53 31.08 40.12 10.18% 113.56 111.07 97.26 111.03 94.92 63.63 9.80 10.16 136.51 104.74 60.10

31 Khaitan Electricals Ltd. Fans 285.50 356.38 133.22 166.52 46.73% 21.95 23.98 6.94 11.16 26.38 7.40% 210.03 169.03 148.70 140.82 67.95 57.64 28.48 30.82 154.78 150.68 60.90

32 Bharat Electronics Ltd. Professional recording equipment 4596.78 5196.02 3102.53 3056.63 58.83% 467.46 489.97 6.24 1205.82 1133.90 21.82% 196.80 180.88 350.67 367.96 181.51 229.93 77.95 98.58 84.87 101.49 65.10

33 Moser Baer India Ltd. Magnetic media 2176.29 2053.85 1493.05 1336.98 65.10% 2439.64 1771.00 0.75 565.52 627.23 30.54% 60.99 98.95 101.07 138.69 72.16 77.87 50.02 54.17 73.49 82.51 66.10

34 Bharat Dynamics Ltd. Defence communication equipment 462.81 625.65 543.24 681.32 108.90% 103.96 143.23 4.76 87.56 62.50 9.99% 11.97 12.37 1171.61 908.90 338.29 285.10 115.18 102.22 130.91 111.39 85.20

F E R R O U S M E T A L S

1 Tata Steel Processing & Distribution Ltd. Flat products 1288.76 1253.70 582.78 793.41 63.29% 159.52 168.38 4.71 51.45 78.98 6.30% 51.80 48.70 21.78 24.82 24.85 16.90 0.08 0.72 13.77 11.25 47.80

2 Kamdhenu Ispat Ltd. Bars & rods 374.16 367.11 213.13 227.30 61.92% 40.92 41.05 5.54 9.46 10.58 2.88% 67.38 77.94 44.37 54.87 14.15 16.76 0.23 0.20 9.48 18.21 47.80

3 Southern Ispat & Energy Ltd. Stainless steel bars & rods 39.10 328.73 35.42 153.55 46.71% 3.88 11.96 12.84 1.33 12.89 3.92% 127.84 25.57 51.94 13.16 45.94 3.77 14.17 2.32 16.24 1.18 51.30

4 Prakash Industries Ltd. Finished Steel (Non-Alloy Steel) 1526.33 1565.31 1176.20 1156.72 73.90% 887.20 1074.64 1.08 330.88 356.97 22.81% 23.84 20.62 23.75 27.88 22.57 24.34 0.66 0.71 8.79 9.39 59.40

5 Electrical Manufacturing Co. Ltd. Transmission towers & structurals 327.32 647.81 291.18 578.25 89.26% 11.82 13.69 42.24 21.01 45.15 6.97% 86.52 85.89 177.30 158.38 28.47 10.47 5.24 0.86 18.30 5.88 61.90

6 Ramsarup Industries Ltd. Wires & ropes of iron & steel 1968.76 2044.87 1608.98 1570.71 76.81% 318.87 576.75 2.72 5.49 203.87 9.97% 83.24 96.43 74.57 52.91 27.15 22.20 0.67 0.50 49.75 46.96 69.30

7 Indian Technomac Co. Ltd. Ferro alloys 36.85 594.88 36.26 559.99 94.13% 30.75 208.25 2.69 2.20 30.87 5.19% 60.62 19.24 77.65 43.26 29.47 22.37 2.69 0.34 12.28 1.97 69.40

8 Sujana Towers Ltd. Flat products 698.86 1749.13 577.08 1521.97 87.01% 252.32 321.66 4.73 93.41 240.26 13.74% 71.67 132.90 15.87 74.93 4.22 27.25 21.20 10.96 26.26 13.74 71.60

9 S P S Steels Rolling Mills Ltd. Stainless steel bars & rods 964.99 1271.33 753.86 737.31 58.00% 153.85 146.50 5.03 48.40 60.36 4.75% 42.53 44.00 51.23 28.07 29.16 52.95 0.54 0.81 9.73 16.74 72.10

10 Action Ispat & Power Pvt. Ltd. Semi-finished Steel 241.31 334.57 201.74 268.31 80.20% 191.07 283.54 0.95 30.26 62.98 18.82% 3.83 9.17 38.78 53.64 31.50 21.75 0.84 0.59 15.60 15.23 72.20

11 Jyoti Structures Ltd. Transmission towers & structurals 1705.38 1995.84 1433.45 1642.16 82.28% 116.69 168.83 9.73 203.79 240.15 12.03% 130.84 145.34 116.49 125.74 22.41 39.82 3.77 4.33 10.31 10.60 72.80

12 I T W India Ltd. Chains & anchors of iron & steel 622.40 653.09 384.90 399.11 61.11% 72.26 115.60 3.45 127.38 144.84 22.18% 67.51 72.28 30.98 41.01 23.25 21.96 9.52 15.18 26.73 33.11 73.30

13 S K M Steels Ltd. Stainless steel bars & rods 923.13 912.85 194.96 165.98 18.18% 5.20 5.77 28.77 22.87 31.18 3.42% 53.94 58.36 6.39 8.38 10.36 14.69 27.39 26.91 22.60 25.58 75.20

14 Kalpataru Power Transmission Ltd. Transmission towers & structurals 1853.08 2563.01 1566.66 2026.71 79.08% 258.39 334.93 6.05 216.18 356.25 13.90% 155.32 157.00 151.68 173.67 39.81 44.83 3.29 2.69 13.89 14.64 78.30

15 Lloyds Metals & Energy Ltd. Sponge iron 523.36 567.79 408.45 268.80 47.34% 173.78 161.44 1.67 52.68 43.19 7.61% 8.66 8.31 145.74 183.85 22.50 39.37 0.63 0.07 9.52 3.46 81.10

16 Welspun Steel Ltd. Iron & steel 333.83 320.39 260.72 288.33 89.99% 129.83 125.62 2.30 108.08 54.95 17.15% 32.03 36.15 62.36 96.56 44.68 40.79 0.39 0.42 14.41 23.93 86.90

17 M S P Steel & Power Ltd. Bars & rods 399.84 392.23 318.28 280.25 71.45% 227.28 255.88 1.10 74.76 70.23 17.91% 45.27 48.06 20.80 65.30 26.22 44.24 0.20 1.67 23.39 26.55 87.20

18 Ankit Metal & Power Ltd. Iron & steel 505.46 634.84 227.22 433.81 68.33% 171.19 166.26 2.61 36.91 42.42 6.68% 40.36 47.53 67.48 55.62 91.14 55.54 4.41 4.42 14.24 14.37 88.00

19 Sujana Universal Inds. Ltd. Cast iron castings 1398.16 3877.65 123.93 157.73 4.07% 202.76 206.23 0.76 74.10 124.52 3.21% 103.01 94.62 105.48 68.65 38.14 134.91 1.94 1.74 18.37 0.26 90.00

20 Super Smelters Ltd. Semi-finished Steel 676.31 689.73 393.76 362.77 52.60% 104.06 155.90 2.33 33.26 40.77 5.91% 28.84 34.77 44.61 50.56 90.00 109.82 0.34 0.43 21.88 15.16 90.30

21 U I C Udyog Ltd. Wires & ropes of iron & steel 305.84 353.99 241.70 207.88 58.72% 86.55 89.82 2.31 41.11 46.30 13.08% 94.56 110.37 23.52 22.04 21.73 23.91 42.66 53.20 39.90 42.77 92.40

22 Steelco Gujarat Ltd. Cold rolled coils, strips, sheets 425.34 471.81 365.32 421.72 89.38% 67.71 68.31 6.17 20.45 30.11 6.38% 40.11 45.10 92.39 88.27 23.94 21.88 7.04 11.14 15.62 20.66 92.50

23 Monnet Ispat & Energy Ltd. Semi-finished Steel 1549.25 1481.16 1047.06 926.07 62.52% 1126.88 1128.32 0.82 404.84 477.21 32.22% 23.13 28.26 48.22 59.25 47.57 67.23 0.69 0.71 28.86 24.59 93.00

www.industry20.com52 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 55: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

3 Yokogawa India Ltd. Process control equipment 503.49 498.75 277.24 258.48 51.83% 54.16 57.46 4.50 23.80 57.50 11.53% 98.14 120.91 141.34 145.24 16.65 10.72 0.42 0.48 10.69 10.67 24.30

4 Honeywell Automation India Ltd. Process control equipment 1000.50 1172.05 727.23 742.98 63.39% 55.28 71.77 10.35 122.41 190.40 16.25% 114.07 109.12 109.36 95.39 26.09 42.47 21.11 3.08 28.27 7.76 29.10

5 R P Info Systems Pvt. Ltd. Computer systems 737.86 1147.29 402.54 664.77 57.94% 34.02 52.90 12.57 76.20 114.24 9.96% 62.62 75.80 59.70 46.84 21.60 21.79 1.27 1.87 31.62 33.12 29.40

6 Universal Comfort Products Ltd. Window airconditioner 134.38 331.06 130.50 308.43 93.16% 39.51 28.04 11.00 -12.98 17.16 5.18% 56.49 5.34 104.86 41.64 84.52 37.95 0.42 0.38 15.46 7.26 34.80

7 Trend Electronics Ltd. Television receivers 827.18 1896.69 790.43 1812.06 95.54% 115.71 172.64 10.50 28.21 89.50 4.72% 62.61 38.56 60.37 38.76 57.02 37.45 7.53 4.30 11.12 7.16 36.80

8 Videocon Industries Ltd. Television receivers 8541.31 13682.06 5927.93 9550.91 69.81% 5077.25 5154.05 1.85 1820.58 2650.78 19.37% 65.41 54.87 41.04 27.59 79.96 58.16 4.44 2.81 24.86 16.16 38.40

9 Blue Star Ltd. Refrigerators, air conditioners, etc. 2502.31 2524.49 1366.33 1308.73 51.84% 187.58 197.67 6.62 277.65 315.18 12.48% 78.26 88.26 120.98 152.48 25.95 28.69 20.62 11.84 28.16 20.10 38.80

10 Carrier Airconditioning & Refrigeration Ltd. Window/split airconditioners 795.18 868.72 529.05 570.98 65.73% 49.87 46.11 12.38 61.08 90.34 10.40% 66.86 63.35 89.43 88.55 56.37 54.51 1.88 1.54 36.11 27.99 39.40

11 Samtel Color Ltd. TV picture tubes colour 726.13 1119.75 711.40 988.60 88.29% 755.37 697.41 1.42 -7.88 171.56 15.32% 36.65 29.66 127.77 87.70 39.18 26.38 8.14 5.25 16.14 11.75 40.30

12 Lloyd Electric & Engineering Ltd. Accessories of air conditioners & refrigerators 585.32 676.51 529.19 599.70 88.65% 189.92 194.47 3.08 48.35 71.60 10.58% 103.82 95.35 32.75 42.22 73.76 78.34 1.38 2.21 12.27 8.58 40.50

13 T T K Prestige Ltd. Cookers 401.35 507.11 161.41 174.52 34.41% 35.90 40.49 4.31 38.13 80.13 15.80% 42.48 39.36 57.88 74.12 36.40 34.23 5.53 3.72 61.90 52.63 41.20

14 Whirlpool Of India Ltd. Refrigerators, freezers, etc. 1964.99 2242.47 1106.05 1389.55 61.97% 306.45 289.85 4.79 138.40 247.86 11.05% 24.50 26.81 84.38 106.26 26.80 26.06 1.77 1.17 67.85 64.25 43.00

15 Numeric Power Systems Ltd. Uninterrupted power supplies 408.15 436.38 240.28 249.46 57.17% 50.38 67.32 3.71 51.22 54.26 12.43% 77.59 74.89 51.89 46.65 76.53 99.82 4.14 3.59 34.94 37.27 45.80

16 Opto Circuits (India) Ltd. Medical equipment 400.50 471.25 245.41 246.00 52.20% 34.14 80.43 3.06 182.03 200.13 42.47% 203.29 172.29 46.36 9.10 104.87 132.11 20.94 30.83 23.24 31.06 46.90

17 Fedders Lloyd Corpn. Ltd. Air conditioning machines / systems 459.85 684.40 425.20 612.30 89.47% 89.04 100.55 6.09 29.85 77.66 11.35% 56.49 49.94 27.70 30.73 32.10 31.24 20.84 11.98 51.27 46.67 47.90

18 I F B Industries Ltd. Washing machines 496.34 610.92 268.60 320.47 52.46% 70.24 75.48 4.25 323.85 66.45 10.88% 17.67 14.37 68.07 67.03 42.47 45.96 11.79 8.79 44.33 41.00 49.30

19 Usha International Ltd. Fans 806.96 1007.69 128.48 164.97 16.37% 34.07 56.65 2.91 40.65 58.37 5.79% 39.16 29.75 59.05 87.69 26.53 29.06 11.40 10.82 44.77 45.26 49.40

20 Applicomp (India) Ltd. Electric appliances 744.75 744.75 653.12 653.12 87.70% 467.36 467.36 1.40 80.95 80.95 10.87% 70.84 70.84 92.14 92.14 104.37 104.37 5.99 5.99 9.51 9.51 52.00

21 Electronics Corporation Of India Ltd. VHF radio systems 980.11 1062.13 936.61 1020.73 96.10% 90.95 94.52 10.80 48.77 85.43 8.04% 471.74 444.11 387.43 374.10 32.92 40.79 13.02 25.04 17.65 31.41 52.10

22 Instrumentation Ltd. Control instrumentation & industrial electronics 244.69 321.82 143.45 206.46 64.15% 11.22 11.47 18.00 -22.36 344.74 107.12% 284.79 253.00 172.40 190.12 163.91 156.34 49.15 25.71 52.71 33.65 53.10

23 Bajaj Electricals Ltd. Electric appliances 1762.61 2225.77 281.02 296.00 13.30% 94.59 101.49 2.92 189.61 238.75 10.73% 101.61 107.10 116.81 111.00 63.14 67.87 19.63 18.76 36.23 33.70 54.10

24 Avtec Limited Electronics 394.42 434.63 253.87 284.31 65.41% 225.71 291.20 0.98 52.23 81.66 18.79% 87.19 80.36 106.37 97.42 69.25 53.02 22.18 16.92 49.48 44.57 54.60

25 Value Industries Ltd. Domestic appliances (Electro-mechanical) 1202.58 1711.85 1029.18 1476.91 86.28% 782.80 800.98 1.84 146.36 210.62 12.30% 73.20 52.78 43.74 57.99 90.08 66.43 30.04 19.98 36.00 25.42 54.70

26 Mirc Electronics Ltd. Television receivers, colour 1427.47 1498.68 607.82 633.86 42.29% 183.50 214.78 2.95 53.25 56.75 3.79% 30.66 24.50 39.11 75.43 56.60 46.86 9.00 10.33 51.47 46.66 55.50

27 Philips Electronics India Ltd. Lamps 3061.90 3208.70 565.95 672.15 20.95% 232.00 328.50 2.05 272.70 260.80 8.13% 37.43 36.11 78.51 91.53 34.91 48.43 14.67 12.86 38.94 45.86 56.30

28 J C T Electronics Ltd. TV picture tubes colour 389.63 482.49 410.51 439.25 91.04% 360.65 350.57 1.25 -45.29 25.84 5.36% 9.85 22.25 285.89 296.12 50.19 49.00 6.77 5.84 14.42 15.80 58.40

29 Hitachi Home & Life Solutions (India) Ltd. Window/split airconditioners 467.98 636.98 331.42 489.93 76.91% 64.97 104.57 4.69 36.63 70.29 11.03% 61.28 48.10 121.64 123.62 89.55 66.26 8.16 7.78 50.94 53.42 59.30

30 Su-Kam Power Systems Ltd. Uninterrupted power supplies 307.69 394.19 187.77 271.44 68.86% 109.12 107.40 2.53 31.08 40.12 10.18% 113.56 111.07 97.26 111.03 94.92 63.63 9.80 10.16 136.51 104.74 60.10

31 Khaitan Electricals Ltd. Fans 285.50 356.38 133.22 166.52 46.73% 21.95 23.98 6.94 11.16 26.38 7.40% 210.03 169.03 148.70 140.82 67.95 57.64 28.48 30.82 154.78 150.68 60.90

32 Bharat Electronics Ltd. Professional recording equipment 4596.78 5196.02 3102.53 3056.63 58.83% 467.46 489.97 6.24 1205.82 1133.90 21.82% 196.80 180.88 350.67 367.96 181.51 229.93 77.95 98.58 84.87 101.49 65.10

33 Moser Baer India Ltd. Magnetic media 2176.29 2053.85 1493.05 1336.98 65.10% 2439.64 1771.00 0.75 565.52 627.23 30.54% 60.99 98.95 101.07 138.69 72.16 77.87 50.02 54.17 73.49 82.51 66.10

34 Bharat Dynamics Ltd. Defence communication equipment 462.81 625.65 543.24 681.32 108.90% 103.96 143.23 4.76 87.56 62.50 9.99% 11.97 12.37 1171.61 908.90 338.29 285.10 115.18 102.22 130.91 111.39 85.20

F E R R O U S M E T A L S

1 Tata Steel Processing & Distribution Ltd. Flat products 1288.76 1253.70 582.78 793.41 63.29% 159.52 168.38 4.71 51.45 78.98 6.30% 51.80 48.70 21.78 24.82 24.85 16.90 0.08 0.72 13.77 11.25 47.80

2 Kamdhenu Ispat Ltd. Bars & rods 374.16 367.11 213.13 227.30 61.92% 40.92 41.05 5.54 9.46 10.58 2.88% 67.38 77.94 44.37 54.87 14.15 16.76 0.23 0.20 9.48 18.21 47.80

3 Southern Ispat & Energy Ltd. Stainless steel bars & rods 39.10 328.73 35.42 153.55 46.71% 3.88 11.96 12.84 1.33 12.89 3.92% 127.84 25.57 51.94 13.16 45.94 3.77 14.17 2.32 16.24 1.18 51.30

4 Prakash Industries Ltd. Finished Steel (Non-Alloy Steel) 1526.33 1565.31 1176.20 1156.72 73.90% 887.20 1074.64 1.08 330.88 356.97 22.81% 23.84 20.62 23.75 27.88 22.57 24.34 0.66 0.71 8.79 9.39 59.40

5 Electrical Manufacturing Co. Ltd. Transmission towers & structurals 327.32 647.81 291.18 578.25 89.26% 11.82 13.69 42.24 21.01 45.15 6.97% 86.52 85.89 177.30 158.38 28.47 10.47 5.24 0.86 18.30 5.88 61.90

6 Ramsarup Industries Ltd. Wires & ropes of iron & steel 1968.76 2044.87 1608.98 1570.71 76.81% 318.87 576.75 2.72 5.49 203.87 9.97% 83.24 96.43 74.57 52.91 27.15 22.20 0.67 0.50 49.75 46.96 69.30

7 Indian Technomac Co. Ltd. Ferro alloys 36.85 594.88 36.26 559.99 94.13% 30.75 208.25 2.69 2.20 30.87 5.19% 60.62 19.24 77.65 43.26 29.47 22.37 2.69 0.34 12.28 1.97 69.40

8 Sujana Towers Ltd. Flat products 698.86 1749.13 577.08 1521.97 87.01% 252.32 321.66 4.73 93.41 240.26 13.74% 71.67 132.90 15.87 74.93 4.22 27.25 21.20 10.96 26.26 13.74 71.60

9 S P S Steels Rolling Mills Ltd. Stainless steel bars & rods 964.99 1271.33 753.86 737.31 58.00% 153.85 146.50 5.03 48.40 60.36 4.75% 42.53 44.00 51.23 28.07 29.16 52.95 0.54 0.81 9.73 16.74 72.10

10 Action Ispat & Power Pvt. Ltd. Semi-finished Steel 241.31 334.57 201.74 268.31 80.20% 191.07 283.54 0.95 30.26 62.98 18.82% 3.83 9.17 38.78 53.64 31.50 21.75 0.84 0.59 15.60 15.23 72.20

11 Jyoti Structures Ltd. Transmission towers & structurals 1705.38 1995.84 1433.45 1642.16 82.28% 116.69 168.83 9.73 203.79 240.15 12.03% 130.84 145.34 116.49 125.74 22.41 39.82 3.77 4.33 10.31 10.60 72.80

12 I T W India Ltd. Chains & anchors of iron & steel 622.40 653.09 384.90 399.11 61.11% 72.26 115.60 3.45 127.38 144.84 22.18% 67.51 72.28 30.98 41.01 23.25 21.96 9.52 15.18 26.73 33.11 73.30

13 S K M Steels Ltd. Stainless steel bars & rods 923.13 912.85 194.96 165.98 18.18% 5.20 5.77 28.77 22.87 31.18 3.42% 53.94 58.36 6.39 8.38 10.36 14.69 27.39 26.91 22.60 25.58 75.20

14 Kalpataru Power Transmission Ltd. Transmission towers & structurals 1853.08 2563.01 1566.66 2026.71 79.08% 258.39 334.93 6.05 216.18 356.25 13.90% 155.32 157.00 151.68 173.67 39.81 44.83 3.29 2.69 13.89 14.64 78.30

15 Lloyds Metals & Energy Ltd. Sponge iron 523.36 567.79 408.45 268.80 47.34% 173.78 161.44 1.67 52.68 43.19 7.61% 8.66 8.31 145.74 183.85 22.50 39.37 0.63 0.07 9.52 3.46 81.10

16 Welspun Steel Ltd. Iron & steel 333.83 320.39 260.72 288.33 89.99% 129.83 125.62 2.30 108.08 54.95 17.15% 32.03 36.15 62.36 96.56 44.68 40.79 0.39 0.42 14.41 23.93 86.90

17 M S P Steel & Power Ltd. Bars & rods 399.84 392.23 318.28 280.25 71.45% 227.28 255.88 1.10 74.76 70.23 17.91% 45.27 48.06 20.80 65.30 26.22 44.24 0.20 1.67 23.39 26.55 87.20

18 Ankit Metal & Power Ltd. Iron & steel 505.46 634.84 227.22 433.81 68.33% 171.19 166.26 2.61 36.91 42.42 6.68% 40.36 47.53 67.48 55.62 91.14 55.54 4.41 4.42 14.24 14.37 88.00

19 Sujana Universal Inds. Ltd. Cast iron castings 1398.16 3877.65 123.93 157.73 4.07% 202.76 206.23 0.76 74.10 124.52 3.21% 103.01 94.62 105.48 68.65 38.14 134.91 1.94 1.74 18.37 0.26 90.00

20 Super Smelters Ltd. Semi-finished Steel 676.31 689.73 393.76 362.77 52.60% 104.06 155.90 2.33 33.26 40.77 5.91% 28.84 34.77 44.61 50.56 90.00 109.82 0.34 0.43 21.88 15.16 90.30

21 U I C Udyog Ltd. Wires & ropes of iron & steel 305.84 353.99 241.70 207.88 58.72% 86.55 89.82 2.31 41.11 46.30 13.08% 94.56 110.37 23.52 22.04 21.73 23.91 42.66 53.20 39.90 42.77 92.40

22 Steelco Gujarat Ltd. Cold rolled coils, strips, sheets 425.34 471.81 365.32 421.72 89.38% 67.71 68.31 6.17 20.45 30.11 6.38% 40.11 45.10 92.39 88.27 23.94 21.88 7.04 11.14 15.62 20.66 92.50

23 Monnet Ispat & Energy Ltd. Semi-finished Steel 1549.25 1481.16 1047.06 926.07 62.52% 1126.88 1128.32 0.82 404.84 477.21 32.22% 23.13 28.26 48.22 59.25 47.57 67.23 0.69 0.71 28.86 24.59 93.00

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industry 2.0 - technology management for decision-makers | march 2012 53

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Page 56: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

24 Prakash Steelage Ltd. Stainless steel flat rolled products 291.76 437.73 148.71 170.42 38.93% 59.51 56.62 3.01 23.45 42.70 9.75% 93.20 74.09 72.13 77.59 39.84 32.30 10.38 10.22 54.13 48.14 93.40

25 Bhuwalka Steel Inds. Ltd. Flat products 485.87 443.84 445.18 372.13 83.84% 42.86 41.12 9.05 8.28 19.36 4.36% 19.52 39.98 48.02 78.86 21.68 35.01 0.58 0.91 31.57 31.51 94.30

26 Pennar Industries Ltd. Cold rolled coils, strips, sheets 629.05 771.28 529.19 651.01 84.41% 134.52 140.35 4.64 75.82 109.80 14.24% 44.10 45.03 9.50 21.54 25.31 25.67 23.59 23.26 26.77 30.62 94.60

27 Kalyani Carpenter Special Steels Ltd. Alloy steel, nec 758.62 730.89 726.05 636.16 87.04% 173.95 167.07 3.81 37.63 51.00 6.98% 52.36 61.10 54.63 75.04 31.87 31.59 21.01 17.90 25.58 22.47 95.20

28 S P S Steel & Power Ltd. Semi-finished Steel 868.62 1340.77 331.78 489.63 36.52% 313.04 428.20 1.14 54.97 117.97 8.80% 123.87 103.15 109.30 91.38 129.91 136.40 0.44 0.52 25.38 24.50 95.80

29 Scan Steels Ltd. Semi-finished Steel 397.56 438.41 355.58 385.57 87.95% 187.05 178.78 2.16 45.04 45.52 10.38% 18.81 31.43 31.94 38.75 45.54 49.56 4.97 3.07 22.58 21.27 96.50

30 Mittal Corp Ltd. Alloy steel, nec 281.27 384.94 209.18 252.05 65.48% 49.51 61.59 4.09 20.09 29.16 7.58% 43.12 49.22 63.50 52.11 48.67 51.07 5.76 10.11 26.84 30.03 96.70

31 A I A Engineering Ltd. Castings 928.09 817.92 507.38 440.79 53.89% 201.47 204.91 2.15 222.75 205.70 25.15% 54.51 72.94 26.44 41.57 42.68 55.29 29.32 33.60 22.94 28.32 96.90

32 Rathi Steel & Power Ltd. Bars & rods 771.77 755.69 695.65 688.41 91.10% 315.89 330.19 2.08 51.02 52.64 6.97% 18.71 23.09 35.91 37.79 30.99 40.19 1.12 1.90 24.09 23.75 97.60

33 Dankuni Steels Ltd. Pig iron 500.37 558.75 473.74 543.33 97.24% 26.61 146.55 3.71 21.57 39.40 7.05% 47.29 71.48 36.03 29.51 32.80 43.49 4.29 3.73 35.74 40.32 97.70

34 Kirloskar Ferrous Inds. Ltd. Pig iron 696.57 804.96 601.85 679.37 84.40% 265.45 280.68 2.42 53.89 102.91 12.78% 38.27 33.18 72.45 105.66 38.40 50.97 5.81 5.52 12.39 10.16 100.20

35 Icomm Tele Ltd. Other articles of iron & steel 896.31 1000.92 729.43 744.98 74.43% 107.62 111.09 6.71 90.40 113.09 11.30% 259.64 212.98 209.90 200.83 35.08 42.77 12.46 21.44 16.33 25.77 100.20

36 Maheshwary Ispat Ltd. Sponge iron 415.06 618.28 187.47 329.43 53.28% 221.47 406.11 0.81 49.32 83.07 13.44% 94.35 108.30 165.70 151.79 227.21 190.28 0.23 0.86 18.07 15.62 101.20

37 Jai Balaji Inds. Ltd. Semi-finished Steel 1697.39 1922.42 1381.85 1656.09 86.15% 1198.84 1193.15 1.39 182.41 253.09 13.17% 45.75 53.33 67.97 72.76 104.17 91.50 1.25 1.36 22.01 19.48 102.90

38 Bhawani Industries Ltd. Iron & steel 327.73 323.70 306.72 298.38 92.18% 38.20 50.60 5.90 19.20 19.84 6.13% 24.00 30.50 47.70 71.55 39.31 44.83 8.68 5.26 22.05 22.44 103.40

39 Lloyds Steel Inds. Ltd. Hot rolled coils, strips, sheets 2570.50 2821.78 1961.34 1775.78 62.93% 930.19 816.15 2.18 8.86 92.88 3.29% 16.19 20.02 135.46 168.83 22.94 31.44 10.90 9.85 12.75 10.78 104.50

40 J S W Ispat Steel Ltd. Hot rolled coils, strips, sheets 8264.13 10191.29 6686.05 8770.55 86.06% 8887.81 7927.34 1.11 686.85 1726.41 16.94% 22.78 21.85 167.29 145.04 89.81 81.82 0.41 0.38 7.55 9.72 104.60

41 Mahindra Ugine Steel Co. Ltd. Alloy steel, nec 1071.39 1083.45 955.74 983.51 90.78% 222.24 304.63 3.23 32.29 80.33 7.41% 59.73 66.48 53.41 74.18 32.61 34.22 21.66 22.54 25.46 26.44 104.60

42 Godawari Power & Ispat Ltd. Semi-finished Steel 1032.49 771.20 894.44 641.45 83.18% 379.97 580.58 1.10 121.09 120.78 15.66% 12.30 14.70 18.83 38.94 41.77 56.81 0.30 0.87 20.63 30.70 105.20

43 Sunflag Iron & Steel Co. Ltd. Other alloy steels, nec 1061.54 1287.00 873.20 1037.95 80.65% 320.82 370.94 2.80 119.73 196.02 15.23% 22.20 25.34 16.34 20.44 39.62 29.03 15.61 14.45 48.72 54.59 105.30

44 Uttam Galva Steels Ltd. Flat products 4414.93 4517.97 3249.59 3507.81 77.64% 1784.52 1870.68 1.88 376.18 406.68 9.00% 24.38 29.54 137.44 97.22 57.31 44.15 9.67 9.23 18.47 16.32 105.90

45 Nalwa Steel & Power Ltd. Sponge iron 635.85 364.46 517.19 277.59 76.16% 232.91 226.53 1.23 121.66 66.28 18.19% 22.85 38.65 33.37 45.00 42.87 130.02 0.11 0.26 18.47 46.40 106.30

46 Maithan Alloys Ltd. Ferro alloys 649.06 472.29 509.07 328.96 69.65% 47.52 109.49 3.00 21.69 69.63 14.74% 20.80 37.13 57.17 117.89 52.70 62.02 1.08 1.42 22.32 33.83 109.20

47 Indian Steel Corpn. Ltd. Clad, plated or coated flat rolled products 902.86 1114.72 449.81 564.58 50.65% 165.27 319.47 1.77 -6.03 71.60 6.42% 39.07 37.37 82.48 58.29 59.44 59.34 14.52 16.16 23.62 23.93 109.40

48 Jayaswal Neco Inds. Ltd. Pig iron 1597.07 1761.08 1246.82 1394.39 79.18% 1041.42 1127.91 1.24 147.54 302.24 17.16% 27.46 29.86 64.39 24.92 54.00 61.82 5.93 7.15 25.71 27.82 109.40

49 Ruchi Strips & Alloys Ltd. Cold rolled coils, strips, sheets 553.56 667.76 251.09 430.08 64.41% 86.52 78.86 5.45 -13.15 25.14 3.76% 68.09 56.54 100.30 101.48 75.41 59.59 38.15 20.81 27.03 24.68 112.30

50 Sree Metaliks Ltd. Sponge iron 376.48 418.80 274.67 321.77 76.83% 245.43 265.41 1.21 79.07 78.08 18.64% 28.34 43.38 62.93 77.13 53.49 59.74 1.88 2.21 55.82 52.86 113.20

51 J S W Steel Ltd. Hot rolled coils, strips, sheets 13902.70 18093.03 10566.06 13094.21 72.37% 13086.44 16866.14 0.78 2238.02 4785.88 26.45% 9.32 9.37 213.63 174.02 41.28 45.01 2.92 3.25 25.11 24.44 113.80

52 Impex Ferro Tech Ltd. Ferro alloys 374.63 551.52 181.16 156.65 28.40% 46.02 43.41 3.61 21.57 24.42 4.43% 65.72 61.42 149.25 114.02 257.05 492.68 12.87 24.54 10.54 11.84 119.70

53 Gillette India Ltd. Razors & razor blades 653.77 843.60 214.34 295.05 34.98% 88.52 120.09 2.46 188.41 225.29 26.71% 37.26 30.97 70.32 102.64 92.35 85.70 6.21 6.36 69.35 62.57 124.30

54 Balasore Alloys Ltd. Ferro alloys 638.27 415.10 424.78 292.84 70.55% 339.18 1110.12 0.26 61.22 75.14 18.10% 5.70 5.83 166.11 143.46 141.38 272.50 0.96 1.12 10.77 15.23 126.60

55 Tata Steel Ltd. Finished Steel (Non-Alloy Steel) 24146.30 24703.74 12754.94 12893.28 52.19% 10994.54 12162.44 1.06 9777.46 10144.73 41.07% 8.42 7.62 109.48 123.95 87.68 99.86 1.94 3.07 37.30 37.54 128.50

56 Suzlon Structures Ltd. Other fabricated metal products 601.22 336.41 522.27 243.49 72.38% 46.56 37.90 6.42 37.14 31.87 9.47% 66.39 115.76 128.76 158.36 109.12 154.94 22.44 21.97 28.81 33.63 129.10

57 L G Balakrishnan & Bros. Ltd. Chains & anchors of iron & steel 507.72 552.07 338.43 346.19 62.71% 153.81 147.55 2.35 90.39 78.60 14.24% 58.92 47.74 64.71 69.39 60.68 58.62 38.37 39.13 74.48 66.88 129.10

58 Ferro Alloys Corpn. Ltd. Ferro alloys 281.40 309.60 201.32 258.47 83.49% 72.01 88.10 2.93 59.09 36.92 11.93% 12.02 11.91 88.37 84.66 196.14 121.35 1.89 0.99 35.46 37.82 129.70

59 Nelcast Ltd. Cast iron castings 291.70 319.78 267.13 283.80 88.75% 106.52 128.94 2.20 24.03 24.08 7.53% 73.91 58.59 31.60 56.41 36.51 37.39 35.00 42.81 83.10 91.74 133.00

60 Mukand Ltd. Flat products 1947.36 1992.25 1784.24 1665.65 83.61% 1885.95 2024.38 0.82 -14.63 324.75 16.30% 105.92 119.71 123.88 114.98 41.02 47.46 35.84 33.08 70.58 71.75 133.30

61 Suzlon Towers & Structures Ltd. [Merged] Transmission towers & structurals 675.27 533.08 123.86 110.72 20.77% 205.69 199.16 0.56 67.93 70.73 13.27% 121.36 173.02 95.98 85.68 154.71 107.20 116.62 47.40 69.30 47.00 134.80

62 Bhushan Steel Ltd. Cold rolled coils, strips, sheets 4962.66 5616.53 3686.76 4417.92 78.66% 1885.97 2079.33 2.12 859.05 1507.92 26.85% 42.00 41.52 111.13 108.13 76.71 92.58 14.56 19.88 43.91 49.34 136.00

63 Electrotherm (India) Ltd. Semi-finished Steel 1683.81 2003.90 1439.68 1619.92 80.84% 646.17 1451.28 1.12 218.39 248.11 12.38% 54.90 52.89 76.89 121.28 78.61 85.02 18.09 19.90 28.05 31.69 136.20

64 Jindal Steel & Power Ltd. Finished Steel (Non-Alloy Steel) 7640.68 7334.87 4355.92 4027.06 54.90% 5745.90 6704.06 0.60 2667.91 2703.80 36.86% 14.80 23.54 150.47 193.45 52.27 73.64 4.82 7.50 46.78 52.79 138.10

65 Sathavahana Ispat Ltd. Pig iron 545.31 383.52 398.71 284.76 74.25% 227.38 217.23 1.31 61.14 66.42 17.32% 27.83 40.79 111.03 234.09 35.64 66.74 1.96 2.36 94.54 106.67 138.20

66 Amtek India Ltd. Castings 777.67 974.25 631.91 739.16 75.87% 1180.44 2263.86 0.33 192.30 288.17 29.58% 80.43 78.73 105.88 98.21 34.75 58.37 83.62 80.05 85.87 82.00 140.20

67 Shah Alloys Ltd. Stainless steel 761.98 772.54 821.12 769.48 99.60% 373.90 340.25 2.26 -59.08 22.09 2.86% 23.73 36.58 61.67 78.25 37.94 50.31 9.85 11.17 42.60 58.94 140.60

68 Bhilai Engineering Corpn. Ltd. Iron & steel 447.80 439.73 334.87 370.26 84.20% 70.29 68.22 5.43 48.84 51.37 11.68% 68.34 89.82 86.51 121.63 52.42 72.41 30.25 40.24 41.09 59.45 141.30

69 I S M T Ltd. Alloy steel, nec 1294.26 1189.40 1012.19 981.00 82.48% 716.54 698.66 1.40 179.95 215.64 18.13% 62.73 81.18 126.19 142.77 67.73 101.05 22.70 31.82 40.92 53.53 144.30

70 Rohit Ferro-Tech Ltd. Ferro chromium 876.21 824.28 661.00 601.57 72.98% 227.54 227.22 2.65 69.68 101.25 12.28% 27.18 28.24 94.87 91.68 114.91 210.15 11.84 22.65 27.81 35.96 145.60

71 Visa Steel Ltd. Pig iron 1036.88 1155.08 902.88 789.04 68.31% 778.12 813.64 0.97 -23.58 212.16 18.37% 30.87 22.45 303.59 280.47 82.27 101.98 3.14 3.59 50.71 55.98 146.20

72 J S L Stainless Ltd. Flat products 4913.28 5723.69 4114.66 4496.05 78.55% 3955.50 3903.17 1.15 -243.17 1329.46 23.23% 45.40 48.56 240.49 158.69 80.50 60.78 36.81 34.66 92.53 81.48 147.10

73 Ahmednagar Forgings Ltd. Forgings 516.46 655.41 392.59 484.73 73.96% 564.56 878.76 0.55 110.56 176.31 26.90% 50.88 50.23 199.51 134.62 46.70 61.61 76.80 67.44 86.30 69.53 148.50

74 Thyssenkrupp Electrical Steel India Pvt. Ltd. Flat products 632.27 632.27 595.43 595.43 94.17% 146.11 146.11 4.08 28.11 28.11 4.45% 54.54 54.54 70.52 70.52 70.05 70.05 37.79 37.79 81.73 81.73 148.70

75 Usha Martin Ltd. Wires & ropes of iron & steel 2127.25 1843.00 1449.10 1426.62 77.41% 1122.44 2249.13 0.63 427.07 371.15 20.14% 46.91 47.08 190.57 334.51 69.10 72.93 20.40 23.11 65.06 87.62 156.30

76 Adhunik Metaliks Ltd. Iron & steel 1163.07 1255.70 723.04 904.75 72.05% 860.43 1309.94 0.69 185.85 261.42 20.82% 47.07 43.16 105.55 142.49 81.04 80.14 41.36 37.27 82.10 98.96 156.70

77 Mishra Dhatu Nigam Ltd. Ferro alloys 301.41 363.45 283.12 280.29 77.12% 27.78 36.77 7.62 66.15 72.49 19.94% 93.91 93.71 386.06 433.68 149.74 252.56 256.60 240.98 311.32 288.44 157.90

78 Everest Kanto Cylinder Ltd. LPG cylinders & other gas containers 353.91 351.05 266.23 335.11 95.46% 129.23 187.27 1.79 79.45 69.99 19.94% 49.56 56.27 144.41 96.46 246.82 189.23 45.59 65.04 82.95 89.94 162.90

79 Essar Steel Ltd. Hot rolled coils, strips, sheets 11722.62 10603.31 8901.00 8517.56 80.33% 9128.82 9283.68 0.92 1708.68 1599.29 15.08% 11.13 14.22 88.24 152.18 89.91 85.82 26.36 23.87 50.17 56.65 165.00

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supply chain metricssupply chain metrics

Page 57: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

24 Prakash Steelage Ltd. Stainless steel flat rolled products 291.76 437.73 148.71 170.42 38.93% 59.51 56.62 3.01 23.45 42.70 9.75% 93.20 74.09 72.13 77.59 39.84 32.30 10.38 10.22 54.13 48.14 93.40

25 Bhuwalka Steel Inds. Ltd. Flat products 485.87 443.84 445.18 372.13 83.84% 42.86 41.12 9.05 8.28 19.36 4.36% 19.52 39.98 48.02 78.86 21.68 35.01 0.58 0.91 31.57 31.51 94.30

26 Pennar Industries Ltd. Cold rolled coils, strips, sheets 629.05 771.28 529.19 651.01 84.41% 134.52 140.35 4.64 75.82 109.80 14.24% 44.10 45.03 9.50 21.54 25.31 25.67 23.59 23.26 26.77 30.62 94.60

27 Kalyani Carpenter Special Steels Ltd. Alloy steel, nec 758.62 730.89 726.05 636.16 87.04% 173.95 167.07 3.81 37.63 51.00 6.98% 52.36 61.10 54.63 75.04 31.87 31.59 21.01 17.90 25.58 22.47 95.20

28 S P S Steel & Power Ltd. Semi-finished Steel 868.62 1340.77 331.78 489.63 36.52% 313.04 428.20 1.14 54.97 117.97 8.80% 123.87 103.15 109.30 91.38 129.91 136.40 0.44 0.52 25.38 24.50 95.80

29 Scan Steels Ltd. Semi-finished Steel 397.56 438.41 355.58 385.57 87.95% 187.05 178.78 2.16 45.04 45.52 10.38% 18.81 31.43 31.94 38.75 45.54 49.56 4.97 3.07 22.58 21.27 96.50

30 Mittal Corp Ltd. Alloy steel, nec 281.27 384.94 209.18 252.05 65.48% 49.51 61.59 4.09 20.09 29.16 7.58% 43.12 49.22 63.50 52.11 48.67 51.07 5.76 10.11 26.84 30.03 96.70

31 A I A Engineering Ltd. Castings 928.09 817.92 507.38 440.79 53.89% 201.47 204.91 2.15 222.75 205.70 25.15% 54.51 72.94 26.44 41.57 42.68 55.29 29.32 33.60 22.94 28.32 96.90

32 Rathi Steel & Power Ltd. Bars & rods 771.77 755.69 695.65 688.41 91.10% 315.89 330.19 2.08 51.02 52.64 6.97% 18.71 23.09 35.91 37.79 30.99 40.19 1.12 1.90 24.09 23.75 97.60

33 Dankuni Steels Ltd. Pig iron 500.37 558.75 473.74 543.33 97.24% 26.61 146.55 3.71 21.57 39.40 7.05% 47.29 71.48 36.03 29.51 32.80 43.49 4.29 3.73 35.74 40.32 97.70

34 Kirloskar Ferrous Inds. Ltd. Pig iron 696.57 804.96 601.85 679.37 84.40% 265.45 280.68 2.42 53.89 102.91 12.78% 38.27 33.18 72.45 105.66 38.40 50.97 5.81 5.52 12.39 10.16 100.20

35 Icomm Tele Ltd. Other articles of iron & steel 896.31 1000.92 729.43 744.98 74.43% 107.62 111.09 6.71 90.40 113.09 11.30% 259.64 212.98 209.90 200.83 35.08 42.77 12.46 21.44 16.33 25.77 100.20

36 Maheshwary Ispat Ltd. Sponge iron 415.06 618.28 187.47 329.43 53.28% 221.47 406.11 0.81 49.32 83.07 13.44% 94.35 108.30 165.70 151.79 227.21 190.28 0.23 0.86 18.07 15.62 101.20

37 Jai Balaji Inds. Ltd. Semi-finished Steel 1697.39 1922.42 1381.85 1656.09 86.15% 1198.84 1193.15 1.39 182.41 253.09 13.17% 45.75 53.33 67.97 72.76 104.17 91.50 1.25 1.36 22.01 19.48 102.90

38 Bhawani Industries Ltd. Iron & steel 327.73 323.70 306.72 298.38 92.18% 38.20 50.60 5.90 19.20 19.84 6.13% 24.00 30.50 47.70 71.55 39.31 44.83 8.68 5.26 22.05 22.44 103.40

39 Lloyds Steel Inds. Ltd. Hot rolled coils, strips, sheets 2570.50 2821.78 1961.34 1775.78 62.93% 930.19 816.15 2.18 8.86 92.88 3.29% 16.19 20.02 135.46 168.83 22.94 31.44 10.90 9.85 12.75 10.78 104.50

40 J S W Ispat Steel Ltd. Hot rolled coils, strips, sheets 8264.13 10191.29 6686.05 8770.55 86.06% 8887.81 7927.34 1.11 686.85 1726.41 16.94% 22.78 21.85 167.29 145.04 89.81 81.82 0.41 0.38 7.55 9.72 104.60

41 Mahindra Ugine Steel Co. Ltd. Alloy steel, nec 1071.39 1083.45 955.74 983.51 90.78% 222.24 304.63 3.23 32.29 80.33 7.41% 59.73 66.48 53.41 74.18 32.61 34.22 21.66 22.54 25.46 26.44 104.60

42 Godawari Power & Ispat Ltd. Semi-finished Steel 1032.49 771.20 894.44 641.45 83.18% 379.97 580.58 1.10 121.09 120.78 15.66% 12.30 14.70 18.83 38.94 41.77 56.81 0.30 0.87 20.63 30.70 105.20

43 Sunflag Iron & Steel Co. Ltd. Other alloy steels, nec 1061.54 1287.00 873.20 1037.95 80.65% 320.82 370.94 2.80 119.73 196.02 15.23% 22.20 25.34 16.34 20.44 39.62 29.03 15.61 14.45 48.72 54.59 105.30

44 Uttam Galva Steels Ltd. Flat products 4414.93 4517.97 3249.59 3507.81 77.64% 1784.52 1870.68 1.88 376.18 406.68 9.00% 24.38 29.54 137.44 97.22 57.31 44.15 9.67 9.23 18.47 16.32 105.90

45 Nalwa Steel & Power Ltd. Sponge iron 635.85 364.46 517.19 277.59 76.16% 232.91 226.53 1.23 121.66 66.28 18.19% 22.85 38.65 33.37 45.00 42.87 130.02 0.11 0.26 18.47 46.40 106.30

46 Maithan Alloys Ltd. Ferro alloys 649.06 472.29 509.07 328.96 69.65% 47.52 109.49 3.00 21.69 69.63 14.74% 20.80 37.13 57.17 117.89 52.70 62.02 1.08 1.42 22.32 33.83 109.20

47 Indian Steel Corpn. Ltd. Clad, plated or coated flat rolled products 902.86 1114.72 449.81 564.58 50.65% 165.27 319.47 1.77 -6.03 71.60 6.42% 39.07 37.37 82.48 58.29 59.44 59.34 14.52 16.16 23.62 23.93 109.40

48 Jayaswal Neco Inds. Ltd. Pig iron 1597.07 1761.08 1246.82 1394.39 79.18% 1041.42 1127.91 1.24 147.54 302.24 17.16% 27.46 29.86 64.39 24.92 54.00 61.82 5.93 7.15 25.71 27.82 109.40

49 Ruchi Strips & Alloys Ltd. Cold rolled coils, strips, sheets 553.56 667.76 251.09 430.08 64.41% 86.52 78.86 5.45 -13.15 25.14 3.76% 68.09 56.54 100.30 101.48 75.41 59.59 38.15 20.81 27.03 24.68 112.30

50 Sree Metaliks Ltd. Sponge iron 376.48 418.80 274.67 321.77 76.83% 245.43 265.41 1.21 79.07 78.08 18.64% 28.34 43.38 62.93 77.13 53.49 59.74 1.88 2.21 55.82 52.86 113.20

51 J S W Steel Ltd. Hot rolled coils, strips, sheets 13902.70 18093.03 10566.06 13094.21 72.37% 13086.44 16866.14 0.78 2238.02 4785.88 26.45% 9.32 9.37 213.63 174.02 41.28 45.01 2.92 3.25 25.11 24.44 113.80

52 Impex Ferro Tech Ltd. Ferro alloys 374.63 551.52 181.16 156.65 28.40% 46.02 43.41 3.61 21.57 24.42 4.43% 65.72 61.42 149.25 114.02 257.05 492.68 12.87 24.54 10.54 11.84 119.70

53 Gillette India Ltd. Razors & razor blades 653.77 843.60 214.34 295.05 34.98% 88.52 120.09 2.46 188.41 225.29 26.71% 37.26 30.97 70.32 102.64 92.35 85.70 6.21 6.36 69.35 62.57 124.30

54 Balasore Alloys Ltd. Ferro alloys 638.27 415.10 424.78 292.84 70.55% 339.18 1110.12 0.26 61.22 75.14 18.10% 5.70 5.83 166.11 143.46 141.38 272.50 0.96 1.12 10.77 15.23 126.60

55 Tata Steel Ltd. Finished Steel (Non-Alloy Steel) 24146.30 24703.74 12754.94 12893.28 52.19% 10994.54 12162.44 1.06 9777.46 10144.73 41.07% 8.42 7.62 109.48 123.95 87.68 99.86 1.94 3.07 37.30 37.54 128.50

56 Suzlon Structures Ltd. Other fabricated metal products 601.22 336.41 522.27 243.49 72.38% 46.56 37.90 6.42 37.14 31.87 9.47% 66.39 115.76 128.76 158.36 109.12 154.94 22.44 21.97 28.81 33.63 129.10

57 L G Balakrishnan & Bros. Ltd. Chains & anchors of iron & steel 507.72 552.07 338.43 346.19 62.71% 153.81 147.55 2.35 90.39 78.60 14.24% 58.92 47.74 64.71 69.39 60.68 58.62 38.37 39.13 74.48 66.88 129.10

58 Ferro Alloys Corpn. Ltd. Ferro alloys 281.40 309.60 201.32 258.47 83.49% 72.01 88.10 2.93 59.09 36.92 11.93% 12.02 11.91 88.37 84.66 196.14 121.35 1.89 0.99 35.46 37.82 129.70

59 Nelcast Ltd. Cast iron castings 291.70 319.78 267.13 283.80 88.75% 106.52 128.94 2.20 24.03 24.08 7.53% 73.91 58.59 31.60 56.41 36.51 37.39 35.00 42.81 83.10 91.74 133.00

60 Mukand Ltd. Flat products 1947.36 1992.25 1784.24 1665.65 83.61% 1885.95 2024.38 0.82 -14.63 324.75 16.30% 105.92 119.71 123.88 114.98 41.02 47.46 35.84 33.08 70.58 71.75 133.30

61 Suzlon Towers & Structures Ltd. [Merged] Transmission towers & structurals 675.27 533.08 123.86 110.72 20.77% 205.69 199.16 0.56 67.93 70.73 13.27% 121.36 173.02 95.98 85.68 154.71 107.20 116.62 47.40 69.30 47.00 134.80

62 Bhushan Steel Ltd. Cold rolled coils, strips, sheets 4962.66 5616.53 3686.76 4417.92 78.66% 1885.97 2079.33 2.12 859.05 1507.92 26.85% 42.00 41.52 111.13 108.13 76.71 92.58 14.56 19.88 43.91 49.34 136.00

63 Electrotherm (India) Ltd. Semi-finished Steel 1683.81 2003.90 1439.68 1619.92 80.84% 646.17 1451.28 1.12 218.39 248.11 12.38% 54.90 52.89 76.89 121.28 78.61 85.02 18.09 19.90 28.05 31.69 136.20

64 Jindal Steel & Power Ltd. Finished Steel (Non-Alloy Steel) 7640.68 7334.87 4355.92 4027.06 54.90% 5745.90 6704.06 0.60 2667.91 2703.80 36.86% 14.80 23.54 150.47 193.45 52.27 73.64 4.82 7.50 46.78 52.79 138.10

65 Sathavahana Ispat Ltd. Pig iron 545.31 383.52 398.71 284.76 74.25% 227.38 217.23 1.31 61.14 66.42 17.32% 27.83 40.79 111.03 234.09 35.64 66.74 1.96 2.36 94.54 106.67 138.20

66 Amtek India Ltd. Castings 777.67 974.25 631.91 739.16 75.87% 1180.44 2263.86 0.33 192.30 288.17 29.58% 80.43 78.73 105.88 98.21 34.75 58.37 83.62 80.05 85.87 82.00 140.20

67 Shah Alloys Ltd. Stainless steel 761.98 772.54 821.12 769.48 99.60% 373.90 340.25 2.26 -59.08 22.09 2.86% 23.73 36.58 61.67 78.25 37.94 50.31 9.85 11.17 42.60 58.94 140.60

68 Bhilai Engineering Corpn. Ltd. Iron & steel 447.80 439.73 334.87 370.26 84.20% 70.29 68.22 5.43 48.84 51.37 11.68% 68.34 89.82 86.51 121.63 52.42 72.41 30.25 40.24 41.09 59.45 141.30

69 I S M T Ltd. Alloy steel, nec 1294.26 1189.40 1012.19 981.00 82.48% 716.54 698.66 1.40 179.95 215.64 18.13% 62.73 81.18 126.19 142.77 67.73 101.05 22.70 31.82 40.92 53.53 144.30

70 Rohit Ferro-Tech Ltd. Ferro chromium 876.21 824.28 661.00 601.57 72.98% 227.54 227.22 2.65 69.68 101.25 12.28% 27.18 28.24 94.87 91.68 114.91 210.15 11.84 22.65 27.81 35.96 145.60

71 Visa Steel Ltd. Pig iron 1036.88 1155.08 902.88 789.04 68.31% 778.12 813.64 0.97 -23.58 212.16 18.37% 30.87 22.45 303.59 280.47 82.27 101.98 3.14 3.59 50.71 55.98 146.20

72 J S L Stainless Ltd. Flat products 4913.28 5723.69 4114.66 4496.05 78.55% 3955.50 3903.17 1.15 -243.17 1329.46 23.23% 45.40 48.56 240.49 158.69 80.50 60.78 36.81 34.66 92.53 81.48 147.10

73 Ahmednagar Forgings Ltd. Forgings 516.46 655.41 392.59 484.73 73.96% 564.56 878.76 0.55 110.56 176.31 26.90% 50.88 50.23 199.51 134.62 46.70 61.61 76.80 67.44 86.30 69.53 148.50

74 Thyssenkrupp Electrical Steel India Pvt. Ltd. Flat products 632.27 632.27 595.43 595.43 94.17% 146.11 146.11 4.08 28.11 28.11 4.45% 54.54 54.54 70.52 70.52 70.05 70.05 37.79 37.79 81.73 81.73 148.70

75 Usha Martin Ltd. Wires & ropes of iron & steel 2127.25 1843.00 1449.10 1426.62 77.41% 1122.44 2249.13 0.63 427.07 371.15 20.14% 46.91 47.08 190.57 334.51 69.10 72.93 20.40 23.11 65.06 87.62 156.30

76 Adhunik Metaliks Ltd. Iron & steel 1163.07 1255.70 723.04 904.75 72.05% 860.43 1309.94 0.69 185.85 261.42 20.82% 47.07 43.16 105.55 142.49 81.04 80.14 41.36 37.27 82.10 98.96 156.70

77 Mishra Dhatu Nigam Ltd. Ferro alloys 301.41 363.45 283.12 280.29 77.12% 27.78 36.77 7.62 66.15 72.49 19.94% 93.91 93.71 386.06 433.68 149.74 252.56 256.60 240.98 311.32 288.44 157.90

78 Everest Kanto Cylinder Ltd. LPG cylinders & other gas containers 353.91 351.05 266.23 335.11 95.46% 129.23 187.27 1.79 79.45 69.99 19.94% 49.56 56.27 144.41 96.46 246.82 189.23 45.59 65.04 82.95 89.94 162.90

79 Essar Steel Ltd. Hot rolled coils, strips, sheets 11722.62 10603.31 8901.00 8517.56 80.33% 9128.82 9283.68 0.92 1708.68 1599.29 15.08% 11.13 14.22 88.24 152.18 89.91 85.82 26.36 23.87 50.17 56.65 165.00

FERR

OUS

METALS

industry 2.0 - technology management for decision-makers | march 2012 55

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PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

F O O D P R O D U C T S

1 Vimal Oil & Foods Ltd. Cotton seed oil 623.37 734.75 402.34 447.86 60.95% 27.13 31.07 14.41 16.66 23.45 3.19% 41.57 59.57 44.25 47.11 21.31 16.93 0.12 0.14 11.15 8.64 41.50

2 Kwality Dairy (India) Ltd. Dairy products 582.81 1054.13 445.13 838.86 79.58% 8.85 17.85 46.99 26.52 49.62 4.71% 68.41 71.98 58.36 22.08 0.78 0.52 2.63 1.88 19.39 14.67 44.30

3 Hind Agro Inds. Ltd. Meat of buffaloes 632.55 685.83 581.63 617.50 90.04% 83.15 79.10 7.81 31.51 31.12 4.54% 38.44 38.96 44.01 34.33 1.12 1.46 0.41 0.38 36.09 34.91 58.30

4 Jayant Agro-Organics Ltd. Castor oil 851.61 879.17 651.11 715.17 81.35% 31.75 35.42 20.19 25.22 30.00 3.41% 11.89 14.47 12.73 13.95 20.84 22.99 0.28 0.30 17.46 11.64 58.60

5 Kohinoor Foods Ltd. Rice 635.60 770.93 473.07 595.97 77.31% 52.45 48.91 12.19 43.88 82.18 10.66% 72.73 62.17 23.99 34.82 391.32 375.50 0.02 0.01 0.02 0.01 61.00

6 Jubilant Foodworks Ltd. Pizzas 278.84 420.94 180.44 258.55 61.42% 106.54 140.31 1.84 33.68 65.74 15.62% 1.41 1.58 47.02 55.92 20.44 18.52 0.23 0.22 0.63 0.86 61.70

7 Vijay Solvex Ltd. Vegetable oils 545.90 448.10 452.93 403.35 90.01% 23.63 22.62 17.83 14.84 13.93 3.11% 20.25 17.77 20.09 6.99 15.30 10.64 1.01 1.53 18.26 15.82 61.90

8 Modern Dairies Ltd. Dairy products 459.78 437.89 422.92 434.37 99.20% 111.20 107.51 4.04 -12.58 15.34 3.50% 20.20 16.90 15.05 21.60 5.42 4.71 1.11 0.96 27.84 23.52 66.20

9 Britannia Industries Ltd. Biscuits 3173.35 3429.73 2251.88 2360.77 68.83% 277.84 281.49 8.39 276.56 162.54 4.74% 5.76 5.07 32.08 33.36 40.37 31.83 0.04 0.05 10.94 12.71 67.60

10 Heritage Foods (India) Ltd. Milk 784.16 886.59 568.40 631.15 71.19% 203.68 215.24 2.93 2.77 46.85 5.28% 5.04 5.22 29.89 33.74 12.88 20.10 0.08 0.08 15.86 15.89 68.00

11 Hatsun Agro Products Ltd. Milk 1011.62 1139.60 814.87 969.11 85.04% 166.41 322.13 3.01 56.27 60.48 5.31% 4.24 3.55 22.48 24.90 6.75 8.23 1.58 1.28 9.30 8.54 70.40

12 Godrej Agrovet Ltd. Animal and bird feeds 1301.48 1396.26 1115.23 1203.31 86.18% 67.15 75.43 15.95 104.48 44.88 3.21% 21.59 24.81 42.06 69.65 26.59 27.78 0.12 0.37 13.50 12.79 71.80

13 Sanwaria Agro Oils Ltd. Soyabean oil cake 809.18 798.71 547.91 584.94 73.24% 131.33 127.65 4.58 73.20 76.13 9.53% 23.24 21.24 18.72 11.78 76.16 71.49 0.60 0.57 15.44 18.13 74.80

14 Arani Agro Oil Inds. Ltd. Palm oil 305.25 476.97 308.43 446.62 93.64% 39.65 38.17 11.70 11.62 10.11 2.12% 17.34 14.61 59.75 57.66 14.69 13.95 0.50 0.51 40.57 24.70 75.80

15 Parbhudas Kishordas Tobacco Products Pvt. Ltd. Bidis 297.17 332.24 254.03 287.05 86.40% 14.60 14.67 19.57 48.11 51.39 15.47% 16.08 18.08 38.36 43.27 160.62 170.49 0.69 0.53 7.90 5.87 76.60

16 Saraiwwalaa Agrr Refineries Ltd. Vegetable oils 423.18 350.82 401.73 321.39 91.61% 32.45 28.48 11.28 11.19 12.46 3.55% 12.74 33.50 21.25 34.46 10.52 10.90 2.72 2.75 25.44 25.96 78.00

17 Shiva Distilleries Ltd. Indian made foreign liquors 388.42 335.76 303.53 265.87 79.18% 13.94 13.21 20.13 55.59 34.56 10.29% 8.78 8.60 22.11 23.84 24.38 27.65 3.74 4.62 6.51 8.46 80.50

18 Amrit Banaspati Co. Ltd. Vanaspati 805.84 806.17 598.98 637.44 79.07% 44.02 43.68 14.59 12.92 19.45 2.41% 6.28 4.01 14.35 24.45 18.53 21.40 3.21 2.18 13.92 12.30 80.50

19 Saraswati Sugar Mills Ltd. Sugar 388.92 321.43 166.69 355.99 110.75% 132.15 137.27 2.59 103.83 17.71 5.51% 12.81 10.24 67.77 39.32 15.00 5.82 0.36 0.23 102.64 55.89 81.00

20 Ruchi Soya Inds. Ltd. Soyabean oil 12126.30 13483.18 8401.83 7978.95 59.18% 1334.77 1960.52 4.07 395.54 516.76 3.83% 31.11 30.39 87.07 78.89 49.82 40.30 0.90 0.52 22.73 20.27 81.30

21 Gujarat Ambuja Exports Ltd. Wheat flour 1602.25 1398.61 1211.05 1039.91 74.35% 243.41 297.06 3.50 83.90 123.28 8.81% 17.52 17.60 28.42 28.36 73.36 65.77 0.73 0.99 28.78 19.59 83.50

22 Anil Ltd. Instant & semi-processed foods (Packaged Foods) 276.47 373.52 210.24 322.32 86.29% 98.35 121.68 2.65 30.07 52.44 14.04% 95.55 110.40 62.42 55.99 35.72 39.93 3.05 2.20 23.12 23.46 84.10

23 Adani Wilmar Ltd. Edible oils 5806.43 6114.98 3966.57 4297.69 70.28% 348.13 448.67 9.58 182.98 106.54 1.74% 9.14 11.61 40.41 62.85 43.65 36.57 0.27 0.62 15.78 22.78 86.70

24 Gokul Refoils & Solvent Ltd. Edible oils 2685.01 2763.64 1986.15 2065.04 74.72% 176.61 324.48 6.36 89.68 118.26 4.28% 11.69 17.66 44.48 67.16 36.22 37.46 0.27 0.38 25.15 33.55 87.10

25 Dwarikesh Sugar Inds. Ltd. Sugar 469.36 554.98 241.27 539.79 97.26% 555.02 524.54 1.03 123.20 58.69 10.58% 1.14 0.36 52.05 14.23 16.22 8.13 0.10 0.05 131.00 82.35 87.50

26 Jay Shree Tea & Inds. Ltd. Tea 412.98 408.84 267.12 217.71 53.25% 156.99 165.64 1.31 42.15 91.20 22.31% 41.43 44.73 63.32 59.08 35.78 91.20 0.52 0.26 38.00 71.96 87.90

27 Venky'S (India) Ltd. Poultry 567.87 704.10 458.90 535.42 76.04% 117.49 123.82 4.32 47.53 95.91 13.62% 33.17 28.25 33.24 30.94 25.75 22.81 14.89 13.36 37.55 33.27 91.40

28 Balrampur Chini Mills Ltd. Sugar 1719.06 2924.63 929.68 3413.18 116.70% 1770.09 1709.93 2.00 481.01 543.52 18.58% 6.98 10.81 47.61 21.87 44.07 6.79 0.46 0.55 100.96 218.05 91.60

29 Ruchi Infrastructure Ltd. Edible oils 1192.97 1457.11 891.19 954.73 65.52% 222.32 262.51 3.64 31.22 74.93 5.14% 31.86 20.58 82.68 71.05 24.81 22.14 1.87 4.27 23.49 18.85 92.00

30 Varun Beverages Ltd. Soft drinks 453.63 756.68 301.99 575.85 76.10% 356.95 497.12 1.16 75.06 97.45 12.88% 49.55 36.03 45.83 54.46 49.30 37.06 4.93 4.54 15.12 16.25 92.40

31 Balaji Distilleries Ltd. [Merged] Indian made foreign liquors 671.31 678.03 481.18 473.47 69.83% 113.12 158.71 2.98 52.10 31.28 4.61% 6.16 6.88 55.23 58.36 17.86 19.50 5.15 6.14 6.12 8.91 94.40

32 J V L Agro Inds. Ltd. Vanaspati 1381.75 1233.98 947.86 958.51 77.68% 109.26 136.94 7.00 43.45 58.96 4.78% 19.93 25.57 69.70 94.21 51.02 50.00 1.32 1.97 11.91 16.55 96.00

33 Milkfood Ltd. Ghee 233.52 308.53 224.58 308.80 100.09% 84.23 80.82 3.82 12.56 9.64 3.12% 10.62 6.64 70.55 64.78 6.53 4.50 2.98 1.85 48.92 49.70 96.50

34 Nestle India Ltd. Dairy products 4285.88 5094.01 2634.10 3005.59 59.00% 752.99 896.20 3.35 866.82 1029.65 20.21% 4.28 4.04 50.23 50.40 28.17 29.02 5.80 5.15 33.14 30.21 97.00

35 Radico Khaitan Ltd. Indian made foreign liquors 655.01 778.99 412.11 454.63 58.36% 400.70 413.94 1.10 88.09 146.86 18.85% 49.33 51.25 28.37 26.15 54.21 59.98 7.55 8.66 38.94 42.06 97.00

36 Shree Renuka Sugars Ltd. Sugar 2234.22 5511.19 2046.77 3524.55 63.95% 1256.86 1572.37 2.24 363.53 719.03 13.05% 12.03 13.61 118.99 132.21 39.47 30.07 1.44 0.45 77.63 60.28 99.10

37 E I D-Parry (India) Ltd. Sugar 779.93 1143.97 545.28 792.26 69.26% 795.15 816.40 0.97 965.39 355.60 31.08% 54.65 39.71 90.97 92.25 13.74 14.99 4.48 3.96 86.47 59.61 99.70

38 United Spirits Ltd. Ethyl alcohol (strength less than 80%) - (potable alcohol) 4031.05 4863.96 2315.73 2637.86 54.23% 592.62 706.66 3.73 670.13 863.34 17.75% 26.67 32.22 44.45 41.80 28.50 31.20 54.53 78.78 51.69 65.78 101.80

39 Jagatjit Industries Ltd. Liquors 574.98 664.49 423.07 441.06 66.38% 339.62 367.07 1.20 23.20 46.91 7.06% 52.39 52.16 60.21 75.01 61.51 67.16 1.35 1.24 49.42 46.83 102.00

40 Kothari Sugars & Chemicals Ltd. Sugar 257.70 336.70 251.55 279.89 83.13% 201.95 195.17 1.43 19.57 38.19 11.34% 10.32 13.18 100.89 71.48 13.04 10.13 3.47 2.37 81.10 63.33 103.90

41 Sakthi Sugars Ltd. Sugar 1028.85 1371.06 746.83 1226.03 89.42% 1440.85 1401.93 0.87 80.49 200.07 14.59% 9.61 11.34 130.45 85.20 22.03 20.63 1.18 2.93 4.11 17.41 104.70

42 K S Oils Ltd. Mustard oil 3156.99 4044.06 1789.31 2599.66 64.28% 633.10 1061.99 2.45 361.22 475.99 11.77% 13.14 16.03 46.13 67.44 103.03 145.55 0.53 1.26 31.28 37.67 105.70

43 Godfrey Phillips India Ltd. Cigarettes 1091.45 1373.08 412.43 518.56 37.77% 198.09 245.98 2.11 199.79 208.20 15.16% 4.39 5.64 39.75 30.51 279.71 256.94 1.85 1.90 52.02 46.85 107.60

44 Marico Ltd. Edible oils 1906.78 2014.42 1309.23 1216.26 60.38% 115.91 129.97 9.36 214.08 327.86 16.28% 10.26 14.56 41.65 48.20 36.54 61.23 13.92 18.68 36.57 43.45 107.70

45 Mawana Sugars Ltd. Sugar 680.00 1626.21 620.14 1854.73 114.05% 756.84 644.76 2.88 66.30 131.32 8.08% 13.18 10.08 74.67 55.82 35.93 5.89 2.27 2.64 76.32 121.48 108.10

46 Rajshree Sugars & Chemicals Ltd. Sugar 351.46 521.65 264.80 423.69 81.22% 410.55 383.54 1.10 72.62 133.38 25.57% 16.02 12.20 116.80 66.54 17.03 22.63 3.11 2.62 114.41 104.40 109.70

47 Dhampur Sugar Mills Ltd. Sugar 945.68 2308.11 572.50 2370.96 102.72% 958.74 976.30 2.43 204.98 229.38 9.94% 31.53 13.36 228.66 66.99 114.99 8.53 5.84 2.98 93.28 107.97 111.30

48 Mohan Meakin Ltd. Indian made foreign liquors 286.09 300.23 163.54 153.94 51.27% 26.69 26.50 5.81 13.26 8.33 2.77% 52.43 63.25 69.09 73.96 62.76 67.07 7.14 7.23 54.39 50.63 112.30

49 Sir Shadi Lal Enterprises Ltd. Sugar 309.06 407.74 235.93 323.83 79.42% 116.42 105.02 3.08 40.11 44.19 10.84% 6.34 7.04 22.24 32.16 23.88 18.59 3.10 3.26 314.24 219.03 113.50

50 Triveni Engineering & Inds. Ltd. Sugar 1905.51 2240.35 1160.98 2114.86 94.40% 1264.71 1235.20 1.71 438.72 290.51 12.97% 43.51 42.30 136.27 60.67 61.38 31.51 14.16 7.50 85.88 57.91 113.60

51 Skol Breweries Ltd. Beer 1412.53 1379.41 895.67 859.88 62.34% 1101.43 1097.32 0.78 38.14 16.01 1.16% 53.57 61.32 81.69 61.55 29.69 43.58 9.17 11.10 35.33 42.23 117.10

52 Tata Coffee Ltd. Coffee 315.79 329.98 246.45 206.60 62.61% 232.64 223.19 0.93 52.33 71.66 21.72% 50.53 31.24 133.34 85.43 66.09 114.47 1.11 0.80 141.34 152.16 117.30

53 Ugar Sugar Works Ltd. Sugar 401.58 435.62 320.66 507.29 116.45% 216.36 194.02 2.61 65.77 29.03 6.66% 26.13 19.49 92.37 88.44 18.61 14.95 1.38 2.13 199.36 211.56 117.30

54 I T C Ltd. Cigarettes 15010.87 18324.37 7211.61 8334.92 45.49% 7271.91 8142.40 1.02 5410.48 6708.74 36.61% 11.55 11.12 56.31 63.44 202.02 179.63 2.82 2.80 67.37 56.51 118.10

55 Glaxosmithkline Consumer Healthcare Ltd. Malted milk foods 1581.70 1959.45 921.82 986.71 50.36% 210.24 194.25 5.08 331.37 402.52 20.54% 7.57 6.82 60.45 79.67 49.11 50.00 4.51 6.61 59.64 59.48 118.20

www.industry20.com56 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 59: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

F O O D P R O D U C T S

1 Vimal Oil & Foods Ltd. Cotton seed oil 623.37 734.75 402.34 447.86 60.95% 27.13 31.07 14.41 16.66 23.45 3.19% 41.57 59.57 44.25 47.11 21.31 16.93 0.12 0.14 11.15 8.64 41.50

2 Kwality Dairy (India) Ltd. Dairy products 582.81 1054.13 445.13 838.86 79.58% 8.85 17.85 46.99 26.52 49.62 4.71% 68.41 71.98 58.36 22.08 0.78 0.52 2.63 1.88 19.39 14.67 44.30

3 Hind Agro Inds. Ltd. Meat of buffaloes 632.55 685.83 581.63 617.50 90.04% 83.15 79.10 7.81 31.51 31.12 4.54% 38.44 38.96 44.01 34.33 1.12 1.46 0.41 0.38 36.09 34.91 58.30

4 Jayant Agro-Organics Ltd. Castor oil 851.61 879.17 651.11 715.17 81.35% 31.75 35.42 20.19 25.22 30.00 3.41% 11.89 14.47 12.73 13.95 20.84 22.99 0.28 0.30 17.46 11.64 58.60

5 Kohinoor Foods Ltd. Rice 635.60 770.93 473.07 595.97 77.31% 52.45 48.91 12.19 43.88 82.18 10.66% 72.73 62.17 23.99 34.82 391.32 375.50 0.02 0.01 0.02 0.01 61.00

6 Jubilant Foodworks Ltd. Pizzas 278.84 420.94 180.44 258.55 61.42% 106.54 140.31 1.84 33.68 65.74 15.62% 1.41 1.58 47.02 55.92 20.44 18.52 0.23 0.22 0.63 0.86 61.70

7 Vijay Solvex Ltd. Vegetable oils 545.90 448.10 452.93 403.35 90.01% 23.63 22.62 17.83 14.84 13.93 3.11% 20.25 17.77 20.09 6.99 15.30 10.64 1.01 1.53 18.26 15.82 61.90

8 Modern Dairies Ltd. Dairy products 459.78 437.89 422.92 434.37 99.20% 111.20 107.51 4.04 -12.58 15.34 3.50% 20.20 16.90 15.05 21.60 5.42 4.71 1.11 0.96 27.84 23.52 66.20

9 Britannia Industries Ltd. Biscuits 3173.35 3429.73 2251.88 2360.77 68.83% 277.84 281.49 8.39 276.56 162.54 4.74% 5.76 5.07 32.08 33.36 40.37 31.83 0.04 0.05 10.94 12.71 67.60

10 Heritage Foods (India) Ltd. Milk 784.16 886.59 568.40 631.15 71.19% 203.68 215.24 2.93 2.77 46.85 5.28% 5.04 5.22 29.89 33.74 12.88 20.10 0.08 0.08 15.86 15.89 68.00

11 Hatsun Agro Products Ltd. Milk 1011.62 1139.60 814.87 969.11 85.04% 166.41 322.13 3.01 56.27 60.48 5.31% 4.24 3.55 22.48 24.90 6.75 8.23 1.58 1.28 9.30 8.54 70.40

12 Godrej Agrovet Ltd. Animal and bird feeds 1301.48 1396.26 1115.23 1203.31 86.18% 67.15 75.43 15.95 104.48 44.88 3.21% 21.59 24.81 42.06 69.65 26.59 27.78 0.12 0.37 13.50 12.79 71.80

13 Sanwaria Agro Oils Ltd. Soyabean oil cake 809.18 798.71 547.91 584.94 73.24% 131.33 127.65 4.58 73.20 76.13 9.53% 23.24 21.24 18.72 11.78 76.16 71.49 0.60 0.57 15.44 18.13 74.80

14 Arani Agro Oil Inds. Ltd. Palm oil 305.25 476.97 308.43 446.62 93.64% 39.65 38.17 11.70 11.62 10.11 2.12% 17.34 14.61 59.75 57.66 14.69 13.95 0.50 0.51 40.57 24.70 75.80

15 Parbhudas Kishordas Tobacco Products Pvt. Ltd. Bidis 297.17 332.24 254.03 287.05 86.40% 14.60 14.67 19.57 48.11 51.39 15.47% 16.08 18.08 38.36 43.27 160.62 170.49 0.69 0.53 7.90 5.87 76.60

16 Saraiwwalaa Agrr Refineries Ltd. Vegetable oils 423.18 350.82 401.73 321.39 91.61% 32.45 28.48 11.28 11.19 12.46 3.55% 12.74 33.50 21.25 34.46 10.52 10.90 2.72 2.75 25.44 25.96 78.00

17 Shiva Distilleries Ltd. Indian made foreign liquors 388.42 335.76 303.53 265.87 79.18% 13.94 13.21 20.13 55.59 34.56 10.29% 8.78 8.60 22.11 23.84 24.38 27.65 3.74 4.62 6.51 8.46 80.50

18 Amrit Banaspati Co. Ltd. Vanaspati 805.84 806.17 598.98 637.44 79.07% 44.02 43.68 14.59 12.92 19.45 2.41% 6.28 4.01 14.35 24.45 18.53 21.40 3.21 2.18 13.92 12.30 80.50

19 Saraswati Sugar Mills Ltd. Sugar 388.92 321.43 166.69 355.99 110.75% 132.15 137.27 2.59 103.83 17.71 5.51% 12.81 10.24 67.77 39.32 15.00 5.82 0.36 0.23 102.64 55.89 81.00

20 Ruchi Soya Inds. Ltd. Soyabean oil 12126.30 13483.18 8401.83 7978.95 59.18% 1334.77 1960.52 4.07 395.54 516.76 3.83% 31.11 30.39 87.07 78.89 49.82 40.30 0.90 0.52 22.73 20.27 81.30

21 Gujarat Ambuja Exports Ltd. Wheat flour 1602.25 1398.61 1211.05 1039.91 74.35% 243.41 297.06 3.50 83.90 123.28 8.81% 17.52 17.60 28.42 28.36 73.36 65.77 0.73 0.99 28.78 19.59 83.50

22 Anil Ltd. Instant & semi-processed foods (Packaged Foods) 276.47 373.52 210.24 322.32 86.29% 98.35 121.68 2.65 30.07 52.44 14.04% 95.55 110.40 62.42 55.99 35.72 39.93 3.05 2.20 23.12 23.46 84.10

23 Adani Wilmar Ltd. Edible oils 5806.43 6114.98 3966.57 4297.69 70.28% 348.13 448.67 9.58 182.98 106.54 1.74% 9.14 11.61 40.41 62.85 43.65 36.57 0.27 0.62 15.78 22.78 86.70

24 Gokul Refoils & Solvent Ltd. Edible oils 2685.01 2763.64 1986.15 2065.04 74.72% 176.61 324.48 6.36 89.68 118.26 4.28% 11.69 17.66 44.48 67.16 36.22 37.46 0.27 0.38 25.15 33.55 87.10

25 Dwarikesh Sugar Inds. Ltd. Sugar 469.36 554.98 241.27 539.79 97.26% 555.02 524.54 1.03 123.20 58.69 10.58% 1.14 0.36 52.05 14.23 16.22 8.13 0.10 0.05 131.00 82.35 87.50

26 Jay Shree Tea & Inds. Ltd. Tea 412.98 408.84 267.12 217.71 53.25% 156.99 165.64 1.31 42.15 91.20 22.31% 41.43 44.73 63.32 59.08 35.78 91.20 0.52 0.26 38.00 71.96 87.90

27 Venky'S (India) Ltd. Poultry 567.87 704.10 458.90 535.42 76.04% 117.49 123.82 4.32 47.53 95.91 13.62% 33.17 28.25 33.24 30.94 25.75 22.81 14.89 13.36 37.55 33.27 91.40

28 Balrampur Chini Mills Ltd. Sugar 1719.06 2924.63 929.68 3413.18 116.70% 1770.09 1709.93 2.00 481.01 543.52 18.58% 6.98 10.81 47.61 21.87 44.07 6.79 0.46 0.55 100.96 218.05 91.60

29 Ruchi Infrastructure Ltd. Edible oils 1192.97 1457.11 891.19 954.73 65.52% 222.32 262.51 3.64 31.22 74.93 5.14% 31.86 20.58 82.68 71.05 24.81 22.14 1.87 4.27 23.49 18.85 92.00

30 Varun Beverages Ltd. Soft drinks 453.63 756.68 301.99 575.85 76.10% 356.95 497.12 1.16 75.06 97.45 12.88% 49.55 36.03 45.83 54.46 49.30 37.06 4.93 4.54 15.12 16.25 92.40

31 Balaji Distilleries Ltd. [Merged] Indian made foreign liquors 671.31 678.03 481.18 473.47 69.83% 113.12 158.71 2.98 52.10 31.28 4.61% 6.16 6.88 55.23 58.36 17.86 19.50 5.15 6.14 6.12 8.91 94.40

32 J V L Agro Inds. Ltd. Vanaspati 1381.75 1233.98 947.86 958.51 77.68% 109.26 136.94 7.00 43.45 58.96 4.78% 19.93 25.57 69.70 94.21 51.02 50.00 1.32 1.97 11.91 16.55 96.00

33 Milkfood Ltd. Ghee 233.52 308.53 224.58 308.80 100.09% 84.23 80.82 3.82 12.56 9.64 3.12% 10.62 6.64 70.55 64.78 6.53 4.50 2.98 1.85 48.92 49.70 96.50

34 Nestle India Ltd. Dairy products 4285.88 5094.01 2634.10 3005.59 59.00% 752.99 896.20 3.35 866.82 1029.65 20.21% 4.28 4.04 50.23 50.40 28.17 29.02 5.80 5.15 33.14 30.21 97.00

35 Radico Khaitan Ltd. Indian made foreign liquors 655.01 778.99 412.11 454.63 58.36% 400.70 413.94 1.10 88.09 146.86 18.85% 49.33 51.25 28.37 26.15 54.21 59.98 7.55 8.66 38.94 42.06 97.00

36 Shree Renuka Sugars Ltd. Sugar 2234.22 5511.19 2046.77 3524.55 63.95% 1256.86 1572.37 2.24 363.53 719.03 13.05% 12.03 13.61 118.99 132.21 39.47 30.07 1.44 0.45 77.63 60.28 99.10

37 E I D-Parry (India) Ltd. Sugar 779.93 1143.97 545.28 792.26 69.26% 795.15 816.40 0.97 965.39 355.60 31.08% 54.65 39.71 90.97 92.25 13.74 14.99 4.48 3.96 86.47 59.61 99.70

38 United Spirits Ltd. Ethyl alcohol (strength less than 80%) - (potable alcohol) 4031.05 4863.96 2315.73 2637.86 54.23% 592.62 706.66 3.73 670.13 863.34 17.75% 26.67 32.22 44.45 41.80 28.50 31.20 54.53 78.78 51.69 65.78 101.80

39 Jagatjit Industries Ltd. Liquors 574.98 664.49 423.07 441.06 66.38% 339.62 367.07 1.20 23.20 46.91 7.06% 52.39 52.16 60.21 75.01 61.51 67.16 1.35 1.24 49.42 46.83 102.00

40 Kothari Sugars & Chemicals Ltd. Sugar 257.70 336.70 251.55 279.89 83.13% 201.95 195.17 1.43 19.57 38.19 11.34% 10.32 13.18 100.89 71.48 13.04 10.13 3.47 2.37 81.10 63.33 103.90

41 Sakthi Sugars Ltd. Sugar 1028.85 1371.06 746.83 1226.03 89.42% 1440.85 1401.93 0.87 80.49 200.07 14.59% 9.61 11.34 130.45 85.20 22.03 20.63 1.18 2.93 4.11 17.41 104.70

42 K S Oils Ltd. Mustard oil 3156.99 4044.06 1789.31 2599.66 64.28% 633.10 1061.99 2.45 361.22 475.99 11.77% 13.14 16.03 46.13 67.44 103.03 145.55 0.53 1.26 31.28 37.67 105.70

43 Godfrey Phillips India Ltd. Cigarettes 1091.45 1373.08 412.43 518.56 37.77% 198.09 245.98 2.11 199.79 208.20 15.16% 4.39 5.64 39.75 30.51 279.71 256.94 1.85 1.90 52.02 46.85 107.60

44 Marico Ltd. Edible oils 1906.78 2014.42 1309.23 1216.26 60.38% 115.91 129.97 9.36 214.08 327.86 16.28% 10.26 14.56 41.65 48.20 36.54 61.23 13.92 18.68 36.57 43.45 107.70

45 Mawana Sugars Ltd. Sugar 680.00 1626.21 620.14 1854.73 114.05% 756.84 644.76 2.88 66.30 131.32 8.08% 13.18 10.08 74.67 55.82 35.93 5.89 2.27 2.64 76.32 121.48 108.10

46 Rajshree Sugars & Chemicals Ltd. Sugar 351.46 521.65 264.80 423.69 81.22% 410.55 383.54 1.10 72.62 133.38 25.57% 16.02 12.20 116.80 66.54 17.03 22.63 3.11 2.62 114.41 104.40 109.70

47 Dhampur Sugar Mills Ltd. Sugar 945.68 2308.11 572.50 2370.96 102.72% 958.74 976.30 2.43 204.98 229.38 9.94% 31.53 13.36 228.66 66.99 114.99 8.53 5.84 2.98 93.28 107.97 111.30

48 Mohan Meakin Ltd. Indian made foreign liquors 286.09 300.23 163.54 153.94 51.27% 26.69 26.50 5.81 13.26 8.33 2.77% 52.43 63.25 69.09 73.96 62.76 67.07 7.14 7.23 54.39 50.63 112.30

49 Sir Shadi Lal Enterprises Ltd. Sugar 309.06 407.74 235.93 323.83 79.42% 116.42 105.02 3.08 40.11 44.19 10.84% 6.34 7.04 22.24 32.16 23.88 18.59 3.10 3.26 314.24 219.03 113.50

50 Triveni Engineering & Inds. Ltd. Sugar 1905.51 2240.35 1160.98 2114.86 94.40% 1264.71 1235.20 1.71 438.72 290.51 12.97% 43.51 42.30 136.27 60.67 61.38 31.51 14.16 7.50 85.88 57.91 113.60

51 Skol Breweries Ltd. Beer 1412.53 1379.41 895.67 859.88 62.34% 1101.43 1097.32 0.78 38.14 16.01 1.16% 53.57 61.32 81.69 61.55 29.69 43.58 9.17 11.10 35.33 42.23 117.10

52 Tata Coffee Ltd. Coffee 315.79 329.98 246.45 206.60 62.61% 232.64 223.19 0.93 52.33 71.66 21.72% 50.53 31.24 133.34 85.43 66.09 114.47 1.11 0.80 141.34 152.16 117.30

53 Ugar Sugar Works Ltd. Sugar 401.58 435.62 320.66 507.29 116.45% 216.36 194.02 2.61 65.77 29.03 6.66% 26.13 19.49 92.37 88.44 18.61 14.95 1.38 2.13 199.36 211.56 117.30

54 I T C Ltd. Cigarettes 15010.87 18324.37 7211.61 8334.92 45.49% 7271.91 8142.40 1.02 5410.48 6708.74 36.61% 11.55 11.12 56.31 63.44 202.02 179.63 2.82 2.80 67.37 56.51 118.10

55 Glaxosmithkline Consumer Healthcare Ltd. Malted milk foods 1581.70 1959.45 921.82 986.71 50.36% 210.24 194.25 5.08 331.37 402.52 20.54% 7.57 6.82 60.45 79.67 49.11 50.00 4.51 6.61 59.64 59.48 118.20

FFOOD

PRO

DU

CTSS

industry 2.0 - technology management for decision-makers | march 2012 57

large manufacturing companieslarge manufacturing companies

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Page 60: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

56 Rajshri Packagers Ltd. Palm oil 394.48 317.12 411.35 251.65 79.35% 56.90 55.34 4.55 11.25 3.39 1.07% 14.52 10.91 49.67 134.41 15.14 53.83 1.40 2.53 32.12 29.12 119.50

57 Shree Ambika Sugars Ltd. Sugar 701.07 701.07 475.56 475.56 67.83% 483.79 483.79 0.98 197.26 197.26 28.14% 22.36 22.36 267.83 267.83 113.19 113.19 1.17 1.17 89.11 89.11 119.60

58 Tilaknagar Industries Ltd. Indian made foreign liquors 231.57 347.97 149.30 211.72 60.84% 126.52 197.14 1.07 46.11 79.66 22.89% 53.84 48.71 76.40 75.47 75.19 84.64 9.35 39.39 48.90 52.47 120.00

59 Cadbury India Ltd. Chocolate & sugar confectionery 1564.48 1912.51 960.21 1026.01 53.65% 251.39 352.64 2.91 243.55 281.53 14.72% 4.08 5.22 98.75 102.78 38.48 37.00 8.40 10.20 42.14 42.82 122.10

60 Mohan Breweries & Distilleries Ltd. Indian made foreign liquors 745.09 546.11 535.06 385.99 70.68% 354.40 359.59 1.07 144.10 105.74 19.36% 14.77 26.42 53.10 80.43 25.15 37.29 4.24 5.68 72.97 97.15 122.80

61 Bajaj Hindusthan Ltd. Sugar 1601.98 2870.99 1003.27 3072.33 107.01% 2632.50 5479.91 0.56 689.35 668.21 23.27% 7.88 11.80 213.36 187.17 87.71 65.16 0.06 0.09 143.91 124.52 123.00

62 Bannari Amman Sugars Ltd. Sugar 710.08 884.11 478.41 561.16 63.47% 443.24 714.64 0.79 175.51 243.43 27.53% 38.07 23.12 72.21 94.94 27.10 40.36 2.49 3.61 185.91 127.21 123.90

63 Desai Brothers Ltd. Bidis 519.55 565.12 402.66 433.81 76.76% 42.93 41.83 10.37 93.65 103.04 18.23% 3.49 3.82 70.72 67.41 182.56 135.00 5.07 5.49 41.25 39.36 124.60

64 V S T Industries Ltd. Cigarettes 362.47 461.58 155.60 187.55 40.63% 125.45 132.59 1.41 102.50 103.45 22.41% 1.67 3.14 78.76 87.09 285.63 351.29 3.21 4.07 35.50 32.23 127.70

65 Upper Ganges Sugar & Inds. Ltd. Sugar 447.93 401.54 261.19 451.70 112.49% 410.92 394.65 1.14 81.83 15.39 3.83% 10.71 11.60 84.58 74.52 17.92 9.64 4.74 3.80 158.60 153.41 127.70

66 Thiru Arooran Sugars Ltd. Sugar 585.79 585.79 486.05 486.05 82.97% 138.27 138.27 3.52 131.73 131.73 22.49% 9.21 9.21 180.44 180.44 107.35 107.35 2.29 2.29 73.42 73.42 130.10

67 Oudh Sugar Mills Ltd. Sugar 577.04 540.49 320.19 645.52 119.43% 542.40 602.74 1.07 111.17 13.69 2.53% 4.90 6.48 106.43 65.20 23.91 11.26 4.53 2.73 169.75 156.85 131.20

68 V V F Ltd. Other fixed vegetable fats & oils nec 1229.26 1293.35 1088.84 1041.25 80.51% 481.39 626.61 1.66 -88.04 219.29 16.96% 55.28 59.33 171.65 177.83 75.58 60.63 19.56 25.03 75.63 73.94 132.50

69 Dalmia Bharat Sugar & Inds. Ltd. Sugar 1731.17 2140.53 952.07 1469.44 68.65% 1968.49 2584.16 0.57 489.76 500.17 23.37% 30.21 34.10 152.52 81.87 166.68 85.73 13.79 13.23 137.65 120.46 134.80

70 Uttam Sugar Mills Ltd. Sugar 371.71 483.17 390.52 679.39 140.61% 410.15 429.44 1.58 16.22 44.28 9.16% 2.63 3.69 132.30 78.86 6.94 18.94 2.18 3.32 112.05 215.88 139.00

71 Dharani Sugars & Chemicals Ltd. Sugar 216.83 574.49 226.06 579.88 100.94% 126.38 355.78 1.63 53.95 122.86 21.39% 14.24 10.46 131.58 219.48 49.03 95.16 1.87 1.60 187.44 157.19 140.30

72 Monsanto India Ltd. Hybrid seeds 385.09 412.07 269.93 254.51 61.76% 113.39 114.64 2.22 100.52 67.86 16.47% 32.68 39.26 123.35 93.98 201.15 160.45 133.47 186.98 212.63 213.88 143.20

G E M S & J E W E L L E R Y

1 Shree Ganesh Jewellery House Ltd. Jewellery 2153.15 2952.77 2007.62 2727.36 92.37% 12.05 16.83 162.05 191.57 239.58 8.11% 27.46 47.78 23.78 80.47 1.50 2.57 4.05 5.19 11.58 15.22 6.50

2 Asian Star Co. Ltd. Diamonds 1255.01 1342.13 1198.42 1180.83 87.98% 145.44 141.94 8.32 71.87 73.07 5.44% 116.81 108.64 5.18 32.31 42.84 45.86 2.03 4.05 44.82 43.29 8.80

3 Forever Precious Jewellery & Diamonds Ltd. Jewellery of gold 663.16 902.27 476.25 833.18 92.34% 15.48 14.05 59.30 21.27 33.96 3.76% 137.48 137.73 185.22 168.71 5.08 8.82 8.34 5.97 74.09 59.03 9.50

4 Gitanjali Gems Ltd. Diamonds 2693.90 3354.92 306.55 339.30 10.11% 40.37 49.59 6.84 216.39 263.71 7.86% 192.66 187.96 111.81 75.24 588.54 733.68 20.60 11.09 38.35 31.98 9.70

5 Gili India Ltd. Jewellery 328.89 426.63 202.04 214.76 50.34% 7.66 8.33 25.78 24.08 33.34 7.81% 204.06 118.66 112.67 40.50 9.77 9.66 7.88 13.20 72.07 81.38 10.30

6 Titan Industries Ltd. Jewellery of precious metals 3826.42 4726.67 2911.39 3502.68 74.10% 274.48 262.63 13.34 290.83 403.90 8.55% 10.08 8.16 89.14 93.34 27.41 24.23 9.12 9.46 110.65 103.31 11.90

G L A S S , C E R A M I C S & R E F R A C T O R I E S

1 Vesuvius India Ltd. Other refractories 353.59 361.12 181.66 199.01 55.11% 77.92 82.32 2.42 57.98 68.64 19.01% 97.48 96.59 66.47 72.49 83.33 64.35 8.43 8.73 19.14 18.25 16.80

2 Ace Calderys Ltd. Other refractories 409.61 426.82 221.56 232.51 54.47% 161.49 145.12 1.60 68.85 84.79 19.87% 54.35 63.26 75.02 80.11 44.74 42.30 10.45 8.58 18.46 20.69 17.00

3 Somany Ceramics Ltd. Ceramic tiles 441.54 534.34 231.74 236.23 44.21% 129.93 130.09 1.82 42.59 56.88 10.64% 58.22 59.76 67.47 85.29 56.67 58.23 2.99 3.07 40.26 40.56 18.40

4 Owens-Corning (India) Ltd. Glass fibres 322.26 321.04 181.57 187.49 58.40% 334.12 313.53 0.60 70.48 101.54 31.63% 68.59 71.83 84.19 75.32 66.46 61.74 2.64 6.58 31.56 48.65 19.30

5 Hindusthan National Glass & Inds. Ltd. Glass containers 1312.81 1358.80 1007.49 1026.37 75.54% 906.47 1116.28 0.92 222.53 303.63 22.35% 52.03 58.18 59.23 51.73 79.77 92.00 1.48 1.40 26.21 28.07 19.90

6 Piramal Glass Ltd. Glass containers 599.97 675.07 383.12 380.31 56.34% 643.63 621.88 0.61 76.96 154.45 22.88% 121.68 123.36 50.08 57.75 114.52 110.12 1.29 1.23 59.62 68.13 21.30

7 Tata Refractories Ltd. Other refractories 676.03 818.46 396.78 489.92 59.86% 170.11 175.06 2.80 91.88 90.65 11.08% 54.25 49.02 61.87 53.28 76.39 72.06 13.30 11.53 40.11 34.65 24.70

8 Saint-Gobain Glass India Ltd. Float glass & surface polished glass 1387.32 1177.67 772.82 620.24 52.67% 969.47 977.34 0.63 299.78 295.96 25.13% 44.38 60.61 109.23 110.27 84.18 105.86 2.19 3.14 43.81 54.58 24.90

9 Roca Bathroom Products Pvt. Ltd. Ceramic sinks, wash basins, etc. 299.62 443.33 123.99 171.19 38.61% 168.19 162.19 1.06 44.33 58.66 13.23% 29.64 27.51 82.26 78.39 50.24 43.90 10.39 8.80 115.81 74.52 26.10

10 Kajaria Ceramics Ltd. Ceramic tiles 669.09 730.92 286.52 336.63 46.06% 327.66 344.79 0.98 81.58 115.44 15.79% 36.78 34.60 51.51 66.72 85.32 69.96 8.75 7.60 83.78 76.93 26.10

11 H S I L Ltd. Ceramic sinks, wash basins, etc. 617.45 788.09 335.63 461.92 58.61% 403.23 745.79 0.62 102.10 134.68 17.09% 56.89 55.21 110.01 76.03 78.38 63.74 5.40 3.63 103.81 81.62 26.50

12 Gujarat Guardian Ltd. Float glass & surface polished glass 430.98 407.36 240.14 243.70 59.82% 119.36 96.77 2.52 150.39 96.42 23.67% 25.12 31.07 39.00 41.47 150.58 335.17 11.74 11.87 23.04 36.20 28.10

13 Orient Abrasives Ltd. Other refractories 306.18 326.02 192.70 195.98 60.11% 92.80 119.28 1.64 65.93 82.90 25.43% 61.42 61.88 50.83 47.26 85.81 112.66 16.39 18.08 52.46 50.85 28.40

14 H E G Ltd. Graphite carbon bricks 1027.93 1132.24 588.65 655.23 57.87% 564.02 657.88 1.00 265.58 350.18 30.93% 106.65 121.53 43.39 43.22 118.61 107.07 95.27 93.57 131.76 117.85 28.80

15 Asahi India Glass Ltd. Toughened & laminated (safety) glass 1224.05 1260.15 840.57 813.90 64.59% 1349.68 1173.11 0.69 141.62 250.72 19.90% 39.88 49.17 84.23 69.11 107.94 112.13 5.75 7.13 94.10 82.35 32.20

16 Asian Granito India Ltd. Ceramic tiles 308.59 379.22 213.35 247.06 65.15% 157.41 186.33 1.33 54.88 49.83 13.14% 46.72 48.90 31.10 44.43 90.77 83.36 5.74 14.32 90.86 90.73 32.70

17 Graphite India Ltd. Graphite carbon bricks 1127.06 1131.41 844.43 598.50 52.90% 489.66 465.94 1.28 247.26 409.19 36.17% 87.36 70.02 67.42 79.56 72.63 185.37 100.30 141.30 158.32 187.11 34.80

18 Nitco Ltd. Ceramic tiles 605.44 403.26 258.76 221.24 54.86% 366.23 370.06 0.60 66.96 28.07 6.96% 55.59 79.24 91.16 151.78 66.76 96.97 8.15 10.45 137.02 235.18 35.70

L E A T H E R & L E A T H E R P R O D U C T S

1 Relaxo Footwears Ltd. Slippers & chappals 408.59 555.22 247.31 325.87 58.69% 140.46 221.72 1.47 43.66 79.59 14.33% 16.41 13.78 41.92 49.53 26.11 30.15 6.33 7.41 30.95 33.56 5.10

2 Bata India Ltd. Leather shoes 982.36 1087.87 507.83 537.26 49.39% 117.03 130.30 4.12 97.36 132.93 12.22% 8.81 8.37 81.48 76.80 34.88 30.83 12.79 11.83 143.73 128.05 8.10

3 Mirza International Ltd. Leather shoes 361.03 378.89 194.37 193.81 51.15% 161.76 168.06 1.15 33.56 53.58 14.14% 27.94 27.47 53.70 43.07 93.55 86.20 42.48 42.36 70.40 62.64 8.70

4 Superhouse Ltd. Leather shoes 340.81 355.04 265.94 287.65 81.02% 103.57 108.14 2.66 28.97 35.33 9.95% 64.99 68.20 78.20 94.01 49.07 47.92 33.80 36.33 60.84 65.16 9.20

5 Crew B O S Products Ltd. Leather cases of all kinds 342.56 446.46 176.41 236.15 52.89% 85.01 92.20 2.56 44.20 63.38 14.20% 70.82 93.32 101.75 96.31 213.47 205.07 75.75 54.41 46.66 47.73 9.40

M I N E R A L S

1 Sesa Goa Ltd. Iron ores & concentrates 4856.01 5192.47 1018.75 1281.86 24.69% 458.00 512.15 2.50 2675.79 2766.24 53.27% 25.17 18.39 44.74 76.31 126.24 86.46 0.41 0.35 31.76 40.60 12.10

2 M O I L Ltd. Manganese ores 1293.67 967.22 329.11 287.07 29.68% 205.62 196.54 1.46 1031.49 732.02 75.68% 31.05 27.69 165.86 148.68 42.11 51.37 0.10 0.13 43.19 55.90 12.10

3 Western Coalfields Ltd. Coal 6354.66 6624.72 3987.61 4468.85 67.46% 1358.45 1391.96 3.21 693.74 1145.17 17.29% 18.94 16.52 145.77 163.57 43.25 46.82 0.58 0.55 18.48 18.51 13.60

4 English Indian Clays Ltd. Other clays 281.18 335.99 210.29 241.20 71.79% 202.49 196.81 1.23 53.12 70.11 20.87% 40.24 38.06 48.53 45.75 67.26 57.57 4.62 3.22 18.55 12.55 14.90

5 Essel Mining & Inds. Ltd. Iron ores & concentrates 3216.67 2488.57 342.05 279.07 11.21% 463.45 453.50 0.62 1760.29 1041.13 41.84% 15.56 16.51 40.66 55.68 50.62 78.42 0.53 0.47 127.79 68.66 16.00

6 N M D C Ltd. Iron ores & concentrates 7559.29 6234.49 657.78 713.28 11.44% 746.63 787.10 0.91 6745.68 5291.12 84.87% 36.64 42.62 94.27 171.48 260.12 270.83 0.01 0.01 88.14 74.37 16.80

www.industry20.com58 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 61: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

56 Rajshri Packagers Ltd. Palm oil 394.48 317.12 411.35 251.65 79.35% 56.90 55.34 4.55 11.25 3.39 1.07% 14.52 10.91 49.67 134.41 15.14 53.83 1.40 2.53 32.12 29.12 119.50

57 Shree Ambika Sugars Ltd. Sugar 701.07 701.07 475.56 475.56 67.83% 483.79 483.79 0.98 197.26 197.26 28.14% 22.36 22.36 267.83 267.83 113.19 113.19 1.17 1.17 89.11 89.11 119.60

58 Tilaknagar Industries Ltd. Indian made foreign liquors 231.57 347.97 149.30 211.72 60.84% 126.52 197.14 1.07 46.11 79.66 22.89% 53.84 48.71 76.40 75.47 75.19 84.64 9.35 39.39 48.90 52.47 120.00

59 Cadbury India Ltd. Chocolate & sugar confectionery 1564.48 1912.51 960.21 1026.01 53.65% 251.39 352.64 2.91 243.55 281.53 14.72% 4.08 5.22 98.75 102.78 38.48 37.00 8.40 10.20 42.14 42.82 122.10

60 Mohan Breweries & Distilleries Ltd. Indian made foreign liquors 745.09 546.11 535.06 385.99 70.68% 354.40 359.59 1.07 144.10 105.74 19.36% 14.77 26.42 53.10 80.43 25.15 37.29 4.24 5.68 72.97 97.15 122.80

61 Bajaj Hindusthan Ltd. Sugar 1601.98 2870.99 1003.27 3072.33 107.01% 2632.50 5479.91 0.56 689.35 668.21 23.27% 7.88 11.80 213.36 187.17 87.71 65.16 0.06 0.09 143.91 124.52 123.00

62 Bannari Amman Sugars Ltd. Sugar 710.08 884.11 478.41 561.16 63.47% 443.24 714.64 0.79 175.51 243.43 27.53% 38.07 23.12 72.21 94.94 27.10 40.36 2.49 3.61 185.91 127.21 123.90

63 Desai Brothers Ltd. Bidis 519.55 565.12 402.66 433.81 76.76% 42.93 41.83 10.37 93.65 103.04 18.23% 3.49 3.82 70.72 67.41 182.56 135.00 5.07 5.49 41.25 39.36 124.60

64 V S T Industries Ltd. Cigarettes 362.47 461.58 155.60 187.55 40.63% 125.45 132.59 1.41 102.50 103.45 22.41% 1.67 3.14 78.76 87.09 285.63 351.29 3.21 4.07 35.50 32.23 127.70

65 Upper Ganges Sugar & Inds. Ltd. Sugar 447.93 401.54 261.19 451.70 112.49% 410.92 394.65 1.14 81.83 15.39 3.83% 10.71 11.60 84.58 74.52 17.92 9.64 4.74 3.80 158.60 153.41 127.70

66 Thiru Arooran Sugars Ltd. Sugar 585.79 585.79 486.05 486.05 82.97% 138.27 138.27 3.52 131.73 131.73 22.49% 9.21 9.21 180.44 180.44 107.35 107.35 2.29 2.29 73.42 73.42 130.10

67 Oudh Sugar Mills Ltd. Sugar 577.04 540.49 320.19 645.52 119.43% 542.40 602.74 1.07 111.17 13.69 2.53% 4.90 6.48 106.43 65.20 23.91 11.26 4.53 2.73 169.75 156.85 131.20

68 V V F Ltd. Other fixed vegetable fats & oils nec 1229.26 1293.35 1088.84 1041.25 80.51% 481.39 626.61 1.66 -88.04 219.29 16.96% 55.28 59.33 171.65 177.83 75.58 60.63 19.56 25.03 75.63 73.94 132.50

69 Dalmia Bharat Sugar & Inds. Ltd. Sugar 1731.17 2140.53 952.07 1469.44 68.65% 1968.49 2584.16 0.57 489.76 500.17 23.37% 30.21 34.10 152.52 81.87 166.68 85.73 13.79 13.23 137.65 120.46 134.80

70 Uttam Sugar Mills Ltd. Sugar 371.71 483.17 390.52 679.39 140.61% 410.15 429.44 1.58 16.22 44.28 9.16% 2.63 3.69 132.30 78.86 6.94 18.94 2.18 3.32 112.05 215.88 139.00

71 Dharani Sugars & Chemicals Ltd. Sugar 216.83 574.49 226.06 579.88 100.94% 126.38 355.78 1.63 53.95 122.86 21.39% 14.24 10.46 131.58 219.48 49.03 95.16 1.87 1.60 187.44 157.19 140.30

72 Monsanto India Ltd. Hybrid seeds 385.09 412.07 269.93 254.51 61.76% 113.39 114.64 2.22 100.52 67.86 16.47% 32.68 39.26 123.35 93.98 201.15 160.45 133.47 186.98 212.63 213.88 143.20

G E M S & J E W E L L E R Y

1 Shree Ganesh Jewellery House Ltd. Jewellery 2153.15 2952.77 2007.62 2727.36 92.37% 12.05 16.83 162.05 191.57 239.58 8.11% 27.46 47.78 23.78 80.47 1.50 2.57 4.05 5.19 11.58 15.22 6.50

2 Asian Star Co. Ltd. Diamonds 1255.01 1342.13 1198.42 1180.83 87.98% 145.44 141.94 8.32 71.87 73.07 5.44% 116.81 108.64 5.18 32.31 42.84 45.86 2.03 4.05 44.82 43.29 8.80

3 Forever Precious Jewellery & Diamonds Ltd. Jewellery of gold 663.16 902.27 476.25 833.18 92.34% 15.48 14.05 59.30 21.27 33.96 3.76% 137.48 137.73 185.22 168.71 5.08 8.82 8.34 5.97 74.09 59.03 9.50

4 Gitanjali Gems Ltd. Diamonds 2693.90 3354.92 306.55 339.30 10.11% 40.37 49.59 6.84 216.39 263.71 7.86% 192.66 187.96 111.81 75.24 588.54 733.68 20.60 11.09 38.35 31.98 9.70

5 Gili India Ltd. Jewellery 328.89 426.63 202.04 214.76 50.34% 7.66 8.33 25.78 24.08 33.34 7.81% 204.06 118.66 112.67 40.50 9.77 9.66 7.88 13.20 72.07 81.38 10.30

6 Titan Industries Ltd. Jewellery of precious metals 3826.42 4726.67 2911.39 3502.68 74.10% 274.48 262.63 13.34 290.83 403.90 8.55% 10.08 8.16 89.14 93.34 27.41 24.23 9.12 9.46 110.65 103.31 11.90

G L A S S , C E R A M I C S & R E F R A C T O R I E S

1 Vesuvius India Ltd. Other refractories 353.59 361.12 181.66 199.01 55.11% 77.92 82.32 2.42 57.98 68.64 19.01% 97.48 96.59 66.47 72.49 83.33 64.35 8.43 8.73 19.14 18.25 16.80

2 Ace Calderys Ltd. Other refractories 409.61 426.82 221.56 232.51 54.47% 161.49 145.12 1.60 68.85 84.79 19.87% 54.35 63.26 75.02 80.11 44.74 42.30 10.45 8.58 18.46 20.69 17.00

3 Somany Ceramics Ltd. Ceramic tiles 441.54 534.34 231.74 236.23 44.21% 129.93 130.09 1.82 42.59 56.88 10.64% 58.22 59.76 67.47 85.29 56.67 58.23 2.99 3.07 40.26 40.56 18.40

4 Owens-Corning (India) Ltd. Glass fibres 322.26 321.04 181.57 187.49 58.40% 334.12 313.53 0.60 70.48 101.54 31.63% 68.59 71.83 84.19 75.32 66.46 61.74 2.64 6.58 31.56 48.65 19.30

5 Hindusthan National Glass & Inds. Ltd. Glass containers 1312.81 1358.80 1007.49 1026.37 75.54% 906.47 1116.28 0.92 222.53 303.63 22.35% 52.03 58.18 59.23 51.73 79.77 92.00 1.48 1.40 26.21 28.07 19.90

6 Piramal Glass Ltd. Glass containers 599.97 675.07 383.12 380.31 56.34% 643.63 621.88 0.61 76.96 154.45 22.88% 121.68 123.36 50.08 57.75 114.52 110.12 1.29 1.23 59.62 68.13 21.30

7 Tata Refractories Ltd. Other refractories 676.03 818.46 396.78 489.92 59.86% 170.11 175.06 2.80 91.88 90.65 11.08% 54.25 49.02 61.87 53.28 76.39 72.06 13.30 11.53 40.11 34.65 24.70

8 Saint-Gobain Glass India Ltd. Float glass & surface polished glass 1387.32 1177.67 772.82 620.24 52.67% 969.47 977.34 0.63 299.78 295.96 25.13% 44.38 60.61 109.23 110.27 84.18 105.86 2.19 3.14 43.81 54.58 24.90

9 Roca Bathroom Products Pvt. Ltd. Ceramic sinks, wash basins, etc. 299.62 443.33 123.99 171.19 38.61% 168.19 162.19 1.06 44.33 58.66 13.23% 29.64 27.51 82.26 78.39 50.24 43.90 10.39 8.80 115.81 74.52 26.10

10 Kajaria Ceramics Ltd. Ceramic tiles 669.09 730.92 286.52 336.63 46.06% 327.66 344.79 0.98 81.58 115.44 15.79% 36.78 34.60 51.51 66.72 85.32 69.96 8.75 7.60 83.78 76.93 26.10

11 H S I L Ltd. Ceramic sinks, wash basins, etc. 617.45 788.09 335.63 461.92 58.61% 403.23 745.79 0.62 102.10 134.68 17.09% 56.89 55.21 110.01 76.03 78.38 63.74 5.40 3.63 103.81 81.62 26.50

12 Gujarat Guardian Ltd. Float glass & surface polished glass 430.98 407.36 240.14 243.70 59.82% 119.36 96.77 2.52 150.39 96.42 23.67% 25.12 31.07 39.00 41.47 150.58 335.17 11.74 11.87 23.04 36.20 28.10

13 Orient Abrasives Ltd. Other refractories 306.18 326.02 192.70 195.98 60.11% 92.80 119.28 1.64 65.93 82.90 25.43% 61.42 61.88 50.83 47.26 85.81 112.66 16.39 18.08 52.46 50.85 28.40

14 H E G Ltd. Graphite carbon bricks 1027.93 1132.24 588.65 655.23 57.87% 564.02 657.88 1.00 265.58 350.18 30.93% 106.65 121.53 43.39 43.22 118.61 107.07 95.27 93.57 131.76 117.85 28.80

15 Asahi India Glass Ltd. Toughened & laminated (safety) glass 1224.05 1260.15 840.57 813.90 64.59% 1349.68 1173.11 0.69 141.62 250.72 19.90% 39.88 49.17 84.23 69.11 107.94 112.13 5.75 7.13 94.10 82.35 32.20

16 Asian Granito India Ltd. Ceramic tiles 308.59 379.22 213.35 247.06 65.15% 157.41 186.33 1.33 54.88 49.83 13.14% 46.72 48.90 31.10 44.43 90.77 83.36 5.74 14.32 90.86 90.73 32.70

17 Graphite India Ltd. Graphite carbon bricks 1127.06 1131.41 844.43 598.50 52.90% 489.66 465.94 1.28 247.26 409.19 36.17% 87.36 70.02 67.42 79.56 72.63 185.37 100.30 141.30 158.32 187.11 34.80

18 Nitco Ltd. Ceramic tiles 605.44 403.26 258.76 221.24 54.86% 366.23 370.06 0.60 66.96 28.07 6.96% 55.59 79.24 91.16 151.78 66.76 96.97 8.15 10.45 137.02 235.18 35.70

L E A T H E R & L E A T H E R P R O D U C T S

1 Relaxo Footwears Ltd. Slippers & chappals 408.59 555.22 247.31 325.87 58.69% 140.46 221.72 1.47 43.66 79.59 14.33% 16.41 13.78 41.92 49.53 26.11 30.15 6.33 7.41 30.95 33.56 5.10

2 Bata India Ltd. Leather shoes 982.36 1087.87 507.83 537.26 49.39% 117.03 130.30 4.12 97.36 132.93 12.22% 8.81 8.37 81.48 76.80 34.88 30.83 12.79 11.83 143.73 128.05 8.10

3 Mirza International Ltd. Leather shoes 361.03 378.89 194.37 193.81 51.15% 161.76 168.06 1.15 33.56 53.58 14.14% 27.94 27.47 53.70 43.07 93.55 86.20 42.48 42.36 70.40 62.64 8.70

4 Superhouse Ltd. Leather shoes 340.81 355.04 265.94 287.65 81.02% 103.57 108.14 2.66 28.97 35.33 9.95% 64.99 68.20 78.20 94.01 49.07 47.92 33.80 36.33 60.84 65.16 9.20

5 Crew B O S Products Ltd. Leather cases of all kinds 342.56 446.46 176.41 236.15 52.89% 85.01 92.20 2.56 44.20 63.38 14.20% 70.82 93.32 101.75 96.31 213.47 205.07 75.75 54.41 46.66 47.73 9.40

M I N E R A L S

1 Sesa Goa Ltd. Iron ores & concentrates 4856.01 5192.47 1018.75 1281.86 24.69% 458.00 512.15 2.50 2675.79 2766.24 53.27% 25.17 18.39 44.74 76.31 126.24 86.46 0.41 0.35 31.76 40.60 12.10

2 M O I L Ltd. Manganese ores 1293.67 967.22 329.11 287.07 29.68% 205.62 196.54 1.46 1031.49 732.02 75.68% 31.05 27.69 165.86 148.68 42.11 51.37 0.10 0.13 43.19 55.90 12.10

3 Western Coalfields Ltd. Coal 6354.66 6624.72 3987.61 4468.85 67.46% 1358.45 1391.96 3.21 693.74 1145.17 17.29% 18.94 16.52 145.77 163.57 43.25 46.82 0.58 0.55 18.48 18.51 13.60

4 English Indian Clays Ltd. Other clays 281.18 335.99 210.29 241.20 71.79% 202.49 196.81 1.23 53.12 70.11 20.87% 40.24 38.06 48.53 45.75 67.26 57.57 4.62 3.22 18.55 12.55 14.90

5 Essel Mining & Inds. Ltd. Iron ores & concentrates 3216.67 2488.57 342.05 279.07 11.21% 463.45 453.50 0.62 1760.29 1041.13 41.84% 15.56 16.51 40.66 55.68 50.62 78.42 0.53 0.47 127.79 68.66 16.00

6 N M D C Ltd. Iron ores & concentrates 7559.29 6234.49 657.78 713.28 11.44% 746.63 787.10 0.91 6745.68 5291.12 84.87% 36.64 42.62 94.27 171.48 260.12 270.83 0.01 0.01 88.14 74.37 16.80

GLASSS, CER

AMICS &

R

EFRACTO

RIES

industry 2.0 - technology management for decision-makers | march 2012 59

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Page 62: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

7 South Eastern Coalfields Ltd. Coal 9589.59 10461.46 5933.40 5718.51 54.66% 2475.95 2819.77 2.03 2275.47 3266.78 31.23% 15.13 13.79 224.40 271.24 101.73 104.09 0.70 0.89 16.50 21.14 18.10

8 Eastern Coalfields Ltd. Coal 4022.40 5424.58 4210.85 4099.84 75.58% 1233.68 1192.58 3.44 -1898.68 480.10 8.85% 35.57 38.83 333.86 316.90 92.79 136.34 0.55 0.74 18.05 30.26 19.20

9 Central Coalfields Ltd. Coal 5883.95 6195.63 3777.86 3545.91 57.23% 1414.13 1477.87 2.40 997.37 1749.51 28.24% 59.74 61.34 282.63 321.86 182.17 191.32 0.07 0.09 82.81 101.79 19.50

10 Mahanadi Coalfields Ltd. Coal 6256.99 7154.80 1947.90 2340.23 32.71% 1364.10 1589.69 1.47 2788.80 3084.55 43.11% 7.59 4.59 437.21 562.85 75.32 128.83 0.66 0.48 47.00 45.77 20.20

11 Gujarat N R E Coke Ltd. Coke & semi-coke of coal, lignite or peat 1521.08 1401.07 1225.21 1060.11 75.66% 826.79 849.96 1.25 249.01 251.01 17.92% 60.26 90.32 151.16 172.32 79.30 129.73 1.05 2.03 117.33 171.69 23.40

12 Uranium Corpn. Of India Ltd. Uranium or thorium ores 374.65 521.78 311.41 348.18 66.73% 831.86 823.09 0.42 88.26 145.76 27.94% 25.10 22.89 275.82 321.07 155.52 147.25 7.70 12.85 37.86 43.14 24.70

N O N E L E C T R I C A L M A C H I N E R Y

1 Simpson & Co. Ltd. Diesel engines 583.35 687.16 486.48 542.02 78.88% 102.87 101.06 5.36 95.08 147.45 21.46% 93.72 76.99 37.53 42.61 26.33 23.78 4.33 3.99 10.47 10.53 21.10

2 Cmi F P E Ltd. Metal rolling machines 453.47 384.23 321.18 295.47 76.90% 29.03 28.24 10.46 20.96 49.46 12.87% 107.05 151.43 187.43 257.83 25.91 22.06 15.99 0.12 30.00 4.02 23.60

3 Ion Exchange (India) Ltd. Water treatment plants 426.44 500.02 337.91 392.91 78.58% 63.63 58.36 6.73 19.34 25.17 5.03% 168.02 160.31 163.34 181.98 37.39 24.26 4.19 4.87 13.99 14.39 28.80

4 Tata Cummins Ltd. Internal combustion engines 1159.88 1786.50 974.12 1413.74 79.13% 310.82 294.47 4.80 88.56 205.69 11.51% 19.45 10.76 41.03 43.26 38.32 28.39 9.20 5.40 10.90 6.80 32.00

5 V S T Tillers Tractors Ltd. Power tillers 275.43 345.14 214.22 243.29 70.49% 38.29 51.05 4.77 47.43 64.97 18.82% 43.90 54.63 81.93 68.91 50.68 43.61 2.73 4.93 27.67 31.64 33.90

6 Elgi Equipments Ltd. Compressors 480.71 580.41 353.13 429.34 73.97% 61.81 65.89 6.52 71.78 98.16 16.91% 50.54 41.81 44.31 78.28 44.49 39.50 8.30 6.83 22.16 16.49 34.60

7 Mather & Platt Pumps Ltd. Centrifugal pumps 253.83 340.72 199.87 241.66 70.93% 26.37 37.82 6.39 30.82 48.42 14.21% 148.40 156.58 121.79 131.83 42.65 29.49 24.49 17.76 42.58 30.08 35.10

8 Greaves Cotton Ltd. Diesel engines 1042.11 1350.56 819.34 1015.35 75.18% 248.81 237.80 4.27 127.21 213.34 15.80% 43.57 44.90 71.67 76.82 45.31 36.09 9.39 6.11 22.00 20.18 35.70

9 Lakshmi Machine Works Ltd. Textile spinning machines 1428.06 1233.47 1081.97 943.59 76.50% 518.59 446.41 2.11 277.39 245.49 19.90% 16.08 15.62 154.73 196.38 32.88 35.83 5.49 3.93 9.54 7.64 36.70

10 Cummins India Ltd. Internal combustion engines 3300.25 2858.51 2503.72 1944.48 68.02% 251.02 294.44 6.60 646.45 655.59 22.93% 62.58 73.19 68.14 75.42 43.91 60.49 12.30 15.49 17.34 26.62 37.40

11 Kirloskar Brothers Ltd. Pumps 1828.72 2015.54 1072.93 1132.10 56.17% 206.14 272.66 4.15 151.98 235.34 11.68% 104.74 110.39 180.30 176.68 25.35 21.76 19.14 27.80 19.12 24.46 37.70

12 Suzlon Wind Intl. Ltd. Wind turbines (Wind electricity generator) 1593.05 868.62 912.86 542.66 62.47% 95.04 109.05 4.98 587.52 182.28 20.99% 181.92 709.77 291.11 325.54 41.34 157.29 0.97 7.52 1.21 10.26 37.80

13 Emerson Climate Technologies (India) Ltd. Compressors 353.22 372.89 274.19 288.28 77.31% 60.20 57.77 4.99 38.57 62.26 16.70% 55.44 54.59 84.89 94.15 20.95 17.60 11.79 15.61 33.60 31.26 38.80

14 Audco India Ltd. Industrial valves 730.54 369.28 562.86 307.61 83.30% 132.18 83.16 3.70 120.90 59.35 16.07% 138.44 302.12 120.08 223.95 25.58 51.06 12.48 11.00 18.57 20.45 41.00

15 Ingersoll-Rand (India) Ltd. Compressors 388.37 375.52 300.70 293.31 78.11% 22.23 23.87 12.29 107.78 80.35 21.40% 106.13 103.66 87.95 104.70 59.97 74.31 7.65 14.74 21.99 29.38 41.20

16 S K F India Ltd. Ball or roller bearings 1655.94 1588.36 675.55 647.55 40.77% 175.81 201.67 3.21 224.26 172.48 10.86% 42.90 47.03 54.30 72.49 45.35 52.04 5.99 6.24 36.89 38.11 44.20

17 Premium Energy Transmission Ltd. Gears 270.13 317.84 191.54 233.23 73.38% 92.72 96.41 2.42 54.92 61.69 19.41% 86.21 75.60 93.39 86.49 37.37 29.55 25.96 22.32 43.70 37.09 45.10

18 Paharpur Cooling Towers Ltd. Industrial cooling towers 929.69 939.07 718.14 684.49 72.89% 94.25 230.80 2.97 211.26 228.60 24.34% 119.61 151.17 164.83 228.48 45.40 51.70 24.54 26.79 28.98 31.43 46.70

19 Atlas Copco (India) Ltd. Non-electrical machinery 1273.69 1269.17 655.27 661.35 52.11% 183.80 181.20 3.65 179.68 179.95 14.18% 88.23 91.89 84.25 83.48 75.77 78.09 6.12 5.03 50.70 56.38 47.20

20 F A G Bearings India Ltd. Ball or roller bearings 753.75 800.42 346.82 346.77 43.32% 148.35 141.61 2.45 168.42 120.36 15.04% 49.16 48.70 59.02 63.70 64.34 57.96 7.60 7.56 59.42 53.66 48.70

21 Alfa Laval (India) Ltd. Non-electrical machinery 800.79 890.34 566.21 582.13 65.38% 99.48 97.78 5.95 147.10 200.26 22.49% 75.75 69.82 123.13 128.62 95.94 80.78 11.19 12.28 44.20 48.90 49.10

22 Bosch Rexroth (India) Ltd. General purpose machinery 342.47 360.65 138.32 154.04 42.71% 44.30 52.00 2.96 40.47 46.41 12.87% 84.47 99.20 99.57 77.06 135.10 127.62 25.02 21.41 40.43 39.16 52.70

23 I D M C Ltd. Dairy machinery 304.64 347.12 263.97 259.04 74.63% 53.81 87.42 2.96 28.97 46.99 13.54% 77.72 90.60 90.02 89.90 52.69 49.65 33.50 31.99 41.86 41.49 53.10

24 Timken India Ltd. Tapered roller bearing, incl. cone 408.90 319.28 252.13 207.60 65.02% 53.38 56.77 3.66 88.99 55.67 17.44% 60.60 71.20 71.94 69.32 47.23 60.84 8.41 21.02 60.08 77.29 53.70

25 Praj Industries Ltd. Brewery machinery 771.68 602.12 489.40 433.71 72.03% 133.42 137.42 3.16 169.36 147.05 24.42% 82.30 92.93 206.78 151.90 61.48 47.01 43.08 51.88 47.09 54.14 54.60

26 Thermax Ltd. Steam boilers 3091.69 3055.69 2416.06 2396.80 78.44% 439.91 493.85 4.85 454.59 318.50 10.42% 65.39 83.12 143.32 241.23 35.10 41.28 20.75 32.27 22.08 33.55 54.90

27 Kirloskar Pneumatic Co. Ltd. Compressors 514.29 450.22 412.96 318.55 70.75% 51.17 75.27 4.23 71.13 78.19 17.37% 87.25 105.22 132.97 147.59 35.66 52.75 37.80 46.01 50.29 57.61 55.60

28 N R B Bearings Ltd. Ball or roller bearings 293.84 351.65 225.29 242.84 69.06% 159.94 152.45 1.59 38.11 64.86 18.44% 90.90 74.86 42.29 64.34 66.04 57.82 24.93 23.05 100.68 85.57 56.70

29 Bharat Heavy Electricals Ltd. Prime movers 26555.97 33170.74 20619.00 25086.09 75.63% 1470.40 2415.40 10.39 5290.99 7121.36 21.47% 200.29 207.44 342.59 327.78 73.40 80.79 53.96 51.80 68.28 66.03 61.00

30 K S B Pumps Ltd. Pumps 597.21 563.02 413.76 367.49 65.27% 105.90 124.49 2.95 114.76 122.68 21.79% 69.00 78.18 103.83 121.71 54.29 63.70 58.02 57.76 75.36 78.14 63.30

31 R R B Energy Ltd. Wind turbines (Wind electricity generator) 324.55 566.70 371.47 477.45 84.25% 125.10 120.06 3.98 -42.61 18.80 3.32% 209.35 87.13 157.03 149.92 385.63 170.11 76.73 46.82 78.49 47.84 69.00

32 Cethar Vessels Ltd. Steam boilers 665.08 956.42 564.70 787.27 82.31% 156.93 390.11 2.02 91.82 151.39 15.83% 263.65 153.88 229.21 315.95 186.26 171.15 47.92 47.40 49.99 49.28 70.30

33 Walchandnagar Industries Ltd. Industrial machinery 513.53 673.07 454.90 602.98 89.59% 290.75 281.46 2.14 52.87 42.74 6.35% 209.73 164.14 289.50 348.23 84.22 89.68 53.13 50.59 58.63 56.95 73.40

N O N F E R R O U S M E T A L S

1 Transpek-Silox Industry Ltd. Zinc products, nec 321.69 325.62 259.09 253.53 77.86% 62.09 63.61 3.99 40.32 57.60 17.69% 57.55 51.52 45.59 76.56 12.46 11.75 1.21 1.01 7.19 5.75 8.90

2 Tinplate Co. Of India Ltd. Tin plates, sheets & strips 667.09 787.88 243.03 364.29 46.24% 434.07 405.13 0.90 116.04 155.98 19.80% 17.20 17.27 83.98 91.10 60.23 63.27 8.12 5.73 6.50 7.60 16.20

3 Indian Smelting & Refining Co. Ltd. Non-ferrous metals, nec 348.97 392.56 339.22 377.08 96.06% 82.37 78.32 4.81 -9.25 22.94 5.84% 48.27 48.01 31.25 53.85 31.63 24.10 19.66 17.86 24.42 24.76 17.00

4 Aravali Infrapower Ltd. Aluminium alloy ingots 300.62 560.39 279.73 554.09 98.88% 84.80 89.31 6.20 29.28 61.07 10.90% 97.68 91.12 25.34 23.30 32.11 13.68 11.84 36.65 13.72 37.94 17.80

5 Sterlite Industries (India) Ltd. Copper 11546.97 13112.85 9455.44 12884.17 98.26% 1613.66 1543.62 8.35 1740.48 1353.73 10.32% 20.20 12.17 32.29 27.77 41.34 24.93 28.32 22.60 31.21 24.71 18.00

6 Leadage Alloys India Ltd. Lead 443.67 544.65 440.62 502.25 92.22% 21.35 25.05 20.05 15.16 58.57 10.75% 14.61 3.59 14.31 46.46 6.77 29.20 8.41 17.22 9.11 25.81 18.70

7 Manaksia Ltd. Aluminium plates, sheets & strips 867.52 834.72 726.37 698.09 83.63% 314.38 312.04 2.24 88.05 92.78 11.12% 69.85 87.06 42.50 63.63 26.35 36.07 17.78 21.25 32.21 37.30 19.40

8 Met Trade (India) Ltd. Lead 684.79 838.95 708.94 627.09 74.75% 43.76 174.67 3.59 78.91 111.41 13.28% 79.56 99.42 11.92 23.61 21.02 38.07 56.48 55.10 75.64 72.66 21.30

9 Bharat Aluminium Co. Ltd. Aluminium unalloyed ingots 4064.49 3419.16 3018.14 2374.87 69.46% 2565.33 2222.91 1.07 1054.70 996.59 29.15% 16.34 12.11 90.80 113.13 97.01 144.95 15.09 16.55 16.97 19.43 21.40

10 Binani Zinc Ltd. Zinc, unwrought 272.46 387.22 244.83 332.09 85.76% 85.91 88.09 3.77 11.98 23.59 6.09% 0.02 0.02 91.93 150.17 72.95 108.37 7.13 3.10 28.44 16.28 22.10

11 Hindustan Copper Ltd. Copper 1197.47 1323.85 873.38 887.21 67.02% 209.69 219.63 4.04 31.13 237.23 17.92% 29.17 39.25 117.74 64.24 59.66 45.23 80.93 71.81 92.40 83.24 24.50

12 Hindustan Zinc Ltd. Zinc 5683.56 8020.15 2315.16 2378.31 29.65% 4104.83 6163.43 0.39 3681.07 5378.19 67.06% 18.08 6.85 85.15 97.08 101.83 118.47 26.58 32.17 48.86 35.32 24.80

13 National Aluminium Co. Ltd. Aluminium, unwrought 5060.17 5022.46 2849.53 3399.62 67.69% 4031.54 4836.31 0.70 2286.10 1573.84 31.34% 5.41 9.65 152.90 159.69 208.75 214.65 17.46 13.95 45.87 42.71 25.80

14 Hindalco Industries Ltd. Copper 18204.08 19506.05 13558.62 16566.58 84.93% 7886.97 7734.82 2.14 3762.36 3307.34 16.96% 26.01 22.80 41.18 105.80 68.94 61.48 60.59 56.97 66.61 62.86 27.60

www.industry20.com60 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

7 South Eastern Coalfields Ltd. Coal 9589.59 10461.46 5933.40 5718.51 54.66% 2475.95 2819.77 2.03 2275.47 3266.78 31.23% 15.13 13.79 224.40 271.24 101.73 104.09 0.70 0.89 16.50 21.14 18.10

8 Eastern Coalfields Ltd. Coal 4022.40 5424.58 4210.85 4099.84 75.58% 1233.68 1192.58 3.44 -1898.68 480.10 8.85% 35.57 38.83 333.86 316.90 92.79 136.34 0.55 0.74 18.05 30.26 19.20

9 Central Coalfields Ltd. Coal 5883.95 6195.63 3777.86 3545.91 57.23% 1414.13 1477.87 2.40 997.37 1749.51 28.24% 59.74 61.34 282.63 321.86 182.17 191.32 0.07 0.09 82.81 101.79 19.50

10 Mahanadi Coalfields Ltd. Coal 6256.99 7154.80 1947.90 2340.23 32.71% 1364.10 1589.69 1.47 2788.80 3084.55 43.11% 7.59 4.59 437.21 562.85 75.32 128.83 0.66 0.48 47.00 45.77 20.20

11 Gujarat N R E Coke Ltd. Coke & semi-coke of coal, lignite or peat 1521.08 1401.07 1225.21 1060.11 75.66% 826.79 849.96 1.25 249.01 251.01 17.92% 60.26 90.32 151.16 172.32 79.30 129.73 1.05 2.03 117.33 171.69 23.40

12 Uranium Corpn. Of India Ltd. Uranium or thorium ores 374.65 521.78 311.41 348.18 66.73% 831.86 823.09 0.42 88.26 145.76 27.94% 25.10 22.89 275.82 321.07 155.52 147.25 7.70 12.85 37.86 43.14 24.70

N O N E L E C T R I C A L M A C H I N E R Y

1 Simpson & Co. Ltd. Diesel engines 583.35 687.16 486.48 542.02 78.88% 102.87 101.06 5.36 95.08 147.45 21.46% 93.72 76.99 37.53 42.61 26.33 23.78 4.33 3.99 10.47 10.53 21.10

2 Cmi F P E Ltd. Metal rolling machines 453.47 384.23 321.18 295.47 76.90% 29.03 28.24 10.46 20.96 49.46 12.87% 107.05 151.43 187.43 257.83 25.91 22.06 15.99 0.12 30.00 4.02 23.60

3 Ion Exchange (India) Ltd. Water treatment plants 426.44 500.02 337.91 392.91 78.58% 63.63 58.36 6.73 19.34 25.17 5.03% 168.02 160.31 163.34 181.98 37.39 24.26 4.19 4.87 13.99 14.39 28.80

4 Tata Cummins Ltd. Internal combustion engines 1159.88 1786.50 974.12 1413.74 79.13% 310.82 294.47 4.80 88.56 205.69 11.51% 19.45 10.76 41.03 43.26 38.32 28.39 9.20 5.40 10.90 6.80 32.00

5 V S T Tillers Tractors Ltd. Power tillers 275.43 345.14 214.22 243.29 70.49% 38.29 51.05 4.77 47.43 64.97 18.82% 43.90 54.63 81.93 68.91 50.68 43.61 2.73 4.93 27.67 31.64 33.90

6 Elgi Equipments Ltd. Compressors 480.71 580.41 353.13 429.34 73.97% 61.81 65.89 6.52 71.78 98.16 16.91% 50.54 41.81 44.31 78.28 44.49 39.50 8.30 6.83 22.16 16.49 34.60

7 Mather & Platt Pumps Ltd. Centrifugal pumps 253.83 340.72 199.87 241.66 70.93% 26.37 37.82 6.39 30.82 48.42 14.21% 148.40 156.58 121.79 131.83 42.65 29.49 24.49 17.76 42.58 30.08 35.10

8 Greaves Cotton Ltd. Diesel engines 1042.11 1350.56 819.34 1015.35 75.18% 248.81 237.80 4.27 127.21 213.34 15.80% 43.57 44.90 71.67 76.82 45.31 36.09 9.39 6.11 22.00 20.18 35.70

9 Lakshmi Machine Works Ltd. Textile spinning machines 1428.06 1233.47 1081.97 943.59 76.50% 518.59 446.41 2.11 277.39 245.49 19.90% 16.08 15.62 154.73 196.38 32.88 35.83 5.49 3.93 9.54 7.64 36.70

10 Cummins India Ltd. Internal combustion engines 3300.25 2858.51 2503.72 1944.48 68.02% 251.02 294.44 6.60 646.45 655.59 22.93% 62.58 73.19 68.14 75.42 43.91 60.49 12.30 15.49 17.34 26.62 37.40

11 Kirloskar Brothers Ltd. Pumps 1828.72 2015.54 1072.93 1132.10 56.17% 206.14 272.66 4.15 151.98 235.34 11.68% 104.74 110.39 180.30 176.68 25.35 21.76 19.14 27.80 19.12 24.46 37.70

12 Suzlon Wind Intl. Ltd. Wind turbines (Wind electricity generator) 1593.05 868.62 912.86 542.66 62.47% 95.04 109.05 4.98 587.52 182.28 20.99% 181.92 709.77 291.11 325.54 41.34 157.29 0.97 7.52 1.21 10.26 37.80

13 Emerson Climate Technologies (India) Ltd. Compressors 353.22 372.89 274.19 288.28 77.31% 60.20 57.77 4.99 38.57 62.26 16.70% 55.44 54.59 84.89 94.15 20.95 17.60 11.79 15.61 33.60 31.26 38.80

14 Audco India Ltd. Industrial valves 730.54 369.28 562.86 307.61 83.30% 132.18 83.16 3.70 120.90 59.35 16.07% 138.44 302.12 120.08 223.95 25.58 51.06 12.48 11.00 18.57 20.45 41.00

15 Ingersoll-Rand (India) Ltd. Compressors 388.37 375.52 300.70 293.31 78.11% 22.23 23.87 12.29 107.78 80.35 21.40% 106.13 103.66 87.95 104.70 59.97 74.31 7.65 14.74 21.99 29.38 41.20

16 S K F India Ltd. Ball or roller bearings 1655.94 1588.36 675.55 647.55 40.77% 175.81 201.67 3.21 224.26 172.48 10.86% 42.90 47.03 54.30 72.49 45.35 52.04 5.99 6.24 36.89 38.11 44.20

17 Premium Energy Transmission Ltd. Gears 270.13 317.84 191.54 233.23 73.38% 92.72 96.41 2.42 54.92 61.69 19.41% 86.21 75.60 93.39 86.49 37.37 29.55 25.96 22.32 43.70 37.09 45.10

18 Paharpur Cooling Towers Ltd. Industrial cooling towers 929.69 939.07 718.14 684.49 72.89% 94.25 230.80 2.97 211.26 228.60 24.34% 119.61 151.17 164.83 228.48 45.40 51.70 24.54 26.79 28.98 31.43 46.70

19 Atlas Copco (India) Ltd. Non-electrical machinery 1273.69 1269.17 655.27 661.35 52.11% 183.80 181.20 3.65 179.68 179.95 14.18% 88.23 91.89 84.25 83.48 75.77 78.09 6.12 5.03 50.70 56.38 47.20

20 F A G Bearings India Ltd. Ball or roller bearings 753.75 800.42 346.82 346.77 43.32% 148.35 141.61 2.45 168.42 120.36 15.04% 49.16 48.70 59.02 63.70 64.34 57.96 7.60 7.56 59.42 53.66 48.70

21 Alfa Laval (India) Ltd. Non-electrical machinery 800.79 890.34 566.21 582.13 65.38% 99.48 97.78 5.95 147.10 200.26 22.49% 75.75 69.82 123.13 128.62 95.94 80.78 11.19 12.28 44.20 48.90 49.10

22 Bosch Rexroth (India) Ltd. General purpose machinery 342.47 360.65 138.32 154.04 42.71% 44.30 52.00 2.96 40.47 46.41 12.87% 84.47 99.20 99.57 77.06 135.10 127.62 25.02 21.41 40.43 39.16 52.70

23 I D M C Ltd. Dairy machinery 304.64 347.12 263.97 259.04 74.63% 53.81 87.42 2.96 28.97 46.99 13.54% 77.72 90.60 90.02 89.90 52.69 49.65 33.50 31.99 41.86 41.49 53.10

24 Timken India Ltd. Tapered roller bearing, incl. cone 408.90 319.28 252.13 207.60 65.02% 53.38 56.77 3.66 88.99 55.67 17.44% 60.60 71.20 71.94 69.32 47.23 60.84 8.41 21.02 60.08 77.29 53.70

25 Praj Industries Ltd. Brewery machinery 771.68 602.12 489.40 433.71 72.03% 133.42 137.42 3.16 169.36 147.05 24.42% 82.30 92.93 206.78 151.90 61.48 47.01 43.08 51.88 47.09 54.14 54.60

26 Thermax Ltd. Steam boilers 3091.69 3055.69 2416.06 2396.80 78.44% 439.91 493.85 4.85 454.59 318.50 10.42% 65.39 83.12 143.32 241.23 35.10 41.28 20.75 32.27 22.08 33.55 54.90

27 Kirloskar Pneumatic Co. Ltd. Compressors 514.29 450.22 412.96 318.55 70.75% 51.17 75.27 4.23 71.13 78.19 17.37% 87.25 105.22 132.97 147.59 35.66 52.75 37.80 46.01 50.29 57.61 55.60

28 N R B Bearings Ltd. Ball or roller bearings 293.84 351.65 225.29 242.84 69.06% 159.94 152.45 1.59 38.11 64.86 18.44% 90.90 74.86 42.29 64.34 66.04 57.82 24.93 23.05 100.68 85.57 56.70

29 Bharat Heavy Electricals Ltd. Prime movers 26555.97 33170.74 20619.00 25086.09 75.63% 1470.40 2415.40 10.39 5290.99 7121.36 21.47% 200.29 207.44 342.59 327.78 73.40 80.79 53.96 51.80 68.28 66.03 61.00

30 K S B Pumps Ltd. Pumps 597.21 563.02 413.76 367.49 65.27% 105.90 124.49 2.95 114.76 122.68 21.79% 69.00 78.18 103.83 121.71 54.29 63.70 58.02 57.76 75.36 78.14 63.30

31 R R B Energy Ltd. Wind turbines (Wind electricity generator) 324.55 566.70 371.47 477.45 84.25% 125.10 120.06 3.98 -42.61 18.80 3.32% 209.35 87.13 157.03 149.92 385.63 170.11 76.73 46.82 78.49 47.84 69.00

32 Cethar Vessels Ltd. Steam boilers 665.08 956.42 564.70 787.27 82.31% 156.93 390.11 2.02 91.82 151.39 15.83% 263.65 153.88 229.21 315.95 186.26 171.15 47.92 47.40 49.99 49.28 70.30

33 Walchandnagar Industries Ltd. Industrial machinery 513.53 673.07 454.90 602.98 89.59% 290.75 281.46 2.14 52.87 42.74 6.35% 209.73 164.14 289.50 348.23 84.22 89.68 53.13 50.59 58.63 56.95 73.40

N O N F E R R O U S M E T A L S

1 Transpek-Silox Industry Ltd. Zinc products, nec 321.69 325.62 259.09 253.53 77.86% 62.09 63.61 3.99 40.32 57.60 17.69% 57.55 51.52 45.59 76.56 12.46 11.75 1.21 1.01 7.19 5.75 8.90

2 Tinplate Co. Of India Ltd. Tin plates, sheets & strips 667.09 787.88 243.03 364.29 46.24% 434.07 405.13 0.90 116.04 155.98 19.80% 17.20 17.27 83.98 91.10 60.23 63.27 8.12 5.73 6.50 7.60 16.20

3 Indian Smelting & Refining Co. Ltd. Non-ferrous metals, nec 348.97 392.56 339.22 377.08 96.06% 82.37 78.32 4.81 -9.25 22.94 5.84% 48.27 48.01 31.25 53.85 31.63 24.10 19.66 17.86 24.42 24.76 17.00

4 Aravali Infrapower Ltd. Aluminium alloy ingots 300.62 560.39 279.73 554.09 98.88% 84.80 89.31 6.20 29.28 61.07 10.90% 97.68 91.12 25.34 23.30 32.11 13.68 11.84 36.65 13.72 37.94 17.80

5 Sterlite Industries (India) Ltd. Copper 11546.97 13112.85 9455.44 12884.17 98.26% 1613.66 1543.62 8.35 1740.48 1353.73 10.32% 20.20 12.17 32.29 27.77 41.34 24.93 28.32 22.60 31.21 24.71 18.00

6 Leadage Alloys India Ltd. Lead 443.67 544.65 440.62 502.25 92.22% 21.35 25.05 20.05 15.16 58.57 10.75% 14.61 3.59 14.31 46.46 6.77 29.20 8.41 17.22 9.11 25.81 18.70

7 Manaksia Ltd. Aluminium plates, sheets & strips 867.52 834.72 726.37 698.09 83.63% 314.38 312.04 2.24 88.05 92.78 11.12% 69.85 87.06 42.50 63.63 26.35 36.07 17.78 21.25 32.21 37.30 19.40

8 Met Trade (India) Ltd. Lead 684.79 838.95 708.94 627.09 74.75% 43.76 174.67 3.59 78.91 111.41 13.28% 79.56 99.42 11.92 23.61 21.02 38.07 56.48 55.10 75.64 72.66 21.30

9 Bharat Aluminium Co. Ltd. Aluminium unalloyed ingots 4064.49 3419.16 3018.14 2374.87 69.46% 2565.33 2222.91 1.07 1054.70 996.59 29.15% 16.34 12.11 90.80 113.13 97.01 144.95 15.09 16.55 16.97 19.43 21.40

10 Binani Zinc Ltd. Zinc, unwrought 272.46 387.22 244.83 332.09 85.76% 85.91 88.09 3.77 11.98 23.59 6.09% 0.02 0.02 91.93 150.17 72.95 108.37 7.13 3.10 28.44 16.28 22.10

11 Hindustan Copper Ltd. Copper 1197.47 1323.85 873.38 887.21 67.02% 209.69 219.63 4.04 31.13 237.23 17.92% 29.17 39.25 117.74 64.24 59.66 45.23 80.93 71.81 92.40 83.24 24.50

12 Hindustan Zinc Ltd. Zinc 5683.56 8020.15 2315.16 2378.31 29.65% 4104.83 6163.43 0.39 3681.07 5378.19 67.06% 18.08 6.85 85.15 97.08 101.83 118.47 26.58 32.17 48.86 35.32 24.80

13 National Aluminium Co. Ltd. Aluminium, unwrought 5060.17 5022.46 2849.53 3399.62 67.69% 4031.54 4836.31 0.70 2286.10 1573.84 31.34% 5.41 9.65 152.90 159.69 208.75 214.65 17.46 13.95 45.87 42.71 25.80

14 Hindalco Industries Ltd. Copper 18204.08 19506.05 13558.62 16566.58 84.93% 7886.97 7734.82 2.14 3762.36 3307.34 16.96% 26.01 22.80 41.18 105.80 68.94 61.48 60.59 56.97 66.61 62.86 27.60

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Page 64: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

N O N M E T A L L I C M I N E R A L P R O D U C T S

1 Indian Hume Pipe Co. Ltd. Products of cement, concrete, etc. 557.95 561.86 565.35 554.59 98.71% 56.08 64.09 8.65 59.94 71.17 12.67% 12.15 13.81 99.36 142.73 38.94 45.65 0.21 0.22 3.68 4.92 8.20

2 Grindwell Norton Ltd. Abrasive powder or grain on a base 504.88 707.55 320.87 421.33 59.55% 157.76 182.36 2.31 93.68 148.06 20.93% 52.49 39.67 72.14 66.62 61.53 58.82 22.40 17.22 56.20 42.16 9.50

3 Visaka Industries Ltd. Asbestos-cement products 583.47 598.11 379.19 432.28 72.27% 198.24 207.77 2.08 89.06 115.69 19.34% 32.27 30.09 45.71 45.85 40.20 48.79 12.64 13.69 51.45 50.08 9.60

4 Hyderabad Industries Ltd. Asbestos-cement products 624.51 696.84 429.08 498.08 71.48% 159.81 183.59 2.71 92.58 156.97 22.53% 28.37 26.22 65.55 70.33 51.99 50.55 5.08 2.98 54.91 58.56 10.20

5 Carborundum Universal Ltd. Abrasive powder or grain on a base 660.02 741.15 478.33 536.32 72.36% 350.09 345.72 1.55 143.05 145.63 19.65% 73.12 73.58 51.69 55.98 58.14 52.18 19.22 19.52 46.02 47.20 11.20

6 Ramco Industries Ltd. Asbestos-cement products 459.57 507.75 322.90 378.74 74.59% 234.30 218.38 1.73 102.28 118.77 23.39% 21.41 19.46 49.23 41.24 54.20 64.71 1.88 1.15 56.90 65.80 12.20

7 Everest Industries Ltd. Asbestos-cement products 536.08 651.60 409.87 498.47 76.50% 234.58 220.27 2.26 53.73 70.03 10.75% 10.42 12.83 56.17 56.16 62.09 63.28 31.00 28.67 46.38 44.41 14.70

P A P E R , B O O K S / C A R D S A N D W O O D P R O D U C T S

1 N R Agarwal Inds. Ltd. Kraft paper & paperboard 367.63 376.30 312.49 313.26 83.25% 113.60 112.66 2.78 29.97 45.44 12.08% 42.72 43.20 63.65 79.25 32.30 31.96 1.22 0.95 5.76 6.46 14.00

2 J K Paper Ltd. Paper 1162.50 1204.87 741.86 757.96 62.91% 928.73 879.58 0.86 189.23 250.80 20.82% 33.10 32.91 41.94 55.62 55.23 57.86 6.03 4.44 17.20 17.64 15.30

3 Ballarpur Industries Ltd. Paper 1021.41 1063.05 702.76 718.37 67.58% 848.70 971.44 0.74 260.05 212.26 19.97% 66.24 70.75 32.72 70.26 62.72 72.82 2.83 4.20 25.22 29.45 16.20

4 Seshasayee Paper & Boards Ltd. Paper 527.85 508.05 397.03 345.27 67.96% 526.63 498.05 0.69 76.29 121.71 23.96% 32.95 33.24 85.79 84.94 92.49 93.74 4.47 3.37 4.58 3.47 16.50

5 Emami Paper Mills Ltd. Paper 435.61 389.05 321.04 298.85 76.82% 447.59 405.92 0.74 93.32 77.48 19.92% 48.92 74.98 35.54 12.45 69.88 93.78 5.91 5.30 19.13 18.39 19.20

6 Navneet Publications (India) Ltd. Printed books, brochures, etc. 495.89 512.68 342.07 301.52 58.81% 88.13 86.24 3.50 104.66 116.55 22.73% 41.72 47.86 25.78 22.51 82.51 86.72 10.10 9.70 126.96 135.42 19.90

7 Century Plyboards (India) Ltd. Plywood 645.09 701.96 452.45 456.25 65.00% 93.18 111.10 4.11 38.72 125.97 17.95% 47.47 43.77 28.60 48.70 79.86 90.98 4.46 9.44 32.78 33.44 20.30

8 Sirpur Paper Mills Ltd. Paper 345.94 335.89 288.37 272.32 81.07% 516.17 510.32 0.53 58.72 53.19 15.84% 42.53 57.92 112.28 106.36 42.97 57.12 7.23 9.83 11.43 15.34 21.60

9 Thomson Press India Ltd. Printing and service activities related to printing 324.10 306.51 243.00 233.58 76.21% 186.31 175.59 1.33 41.28 46.45 15.15% 86.40 93.14 53.18 52.85 87.66 93.81 13.68 16.21 14.74 17.70 23.60

10 Tamil Nadu Newsprint & Papers Ltd. Writing, printing paper 1122.15 1090.60 714.21 683.22 62.65% 1221.27 1244.10 0.55 294.09 319.08 29.26% 41.56 59.91 81.49 96.11 202.79 200.69 5.17 11.20 6.08 13.84 23.90

11 Bilt Graphic Paper Products Ltd. Coated paper 1396.17 2239.90 981.66 1658.66 74.05% 2388.50 2966.21 0.56 385.32 445.08 19.87% 18.22 19.31 117.23 132.24 101.36 75.58 9.84 10.31 15.37 15.47 25.90

12 Security Printing & Minting Corpn. Of India Ltd. Printing and service activities related to printing 2338.58 3037.73 1629.08 2194.87 72.25% 814.32 884.65 2.48 738.81 901.09 29.66% 138.60 116.34 80.33 73.31 178.11 130.63 41.07 35.41 107.38 79.93 26.20

13 Andhra Pradesh Paper Mills Ltd. Paper 626.22 648.67 488.86 433.08 66.76% 750.87 678.00 0.64 112.16 145.41 22.42% 23.74 23.37 101.93 93.45 71.56 84.72 11.28 11.09 37.55 42.77 26.60

14 Greenply Industries Ltd. Plywood 707.36 843.22 501.94 598.60 70.99% 199.22 542.76 1.10 84.22 103.96 12.33% 51.74 54.78 90.74 118.98 91.76 98.69 9.89 9.05 38.81 34.46 27.10

15 West Coast Paper Mills Ltd. Paper 619.11 624.25 483.38 477.48 76.49% 206.84 805.63 0.59 125.87 117.02 18.75% 23.79 21.79 119.07 123.50 100.32 135.80 2.62 1.87 27.30 27.68 27.70

P O L Y M E R S A N D P L A S T I C P R O D U C T S

1 Axiom Cordages Ltd. Plastic rope 223.11 352.59 178.00 292.94 83.08% 99.93 145.78 2.01 38.36 56.36 15.98% 1.74 29.80 61.06 28.93 4.52 8.04 4.06 1.94 5.23 2.76 21.70

2 Cosmo Films Ltd. Biaxially oriented polypropylene (BOPP) film 646.06 746.90 522.63 604.43 80.93% 412.64 374.22 1.62 144.13 105.26 14.09% 49.15 52.34 28.83 26.73 40.29 31.03 0.65 0.15 11.68 12.22 24.60

3 Responsive Industries Ltd. Floor coverings of plastics 427.07 546.77 362.49 455.40 83.29% 169.91 207.52 2.19 52.51 80.89 14.79% 13.72 21.04 69.33 17.86 17.16 17.16 4.93 5.27 4.92 5.72 26.70

4 Shree Rama Multi-Tech Ltd. Other plastic packaging goods 67.68 430.07 44.14 422.51 98.24% 241.99 223.04 1.89 19.65 76.93 17.89% 71.15 12.08 1002.06 50.56 71.93 5.01 12.95 2.67 23.12 3.79 26.70

5 Supreme Petrochem Ltd. Polystyrene 1399.00 1610.58 923.30 982.15 60.98% 250.89 256.31 3.83 76.69 128.66 7.99% 39.49 40.72 59.27 71.71 19.41 26.21 1.40 0.75 13.29 14.12 27.60

6 Ester Industries Ltd. Polyester film 379.24 401.34 278.04 312.70 77.91% 140.22 135.78 2.30 69.29 60.20 15.00% 40.09 41.26 21.19 38.43 31.17 30.59 4.78 3.44 14.31 13.95 29.40

7 Uflex Ltd. Flexible packaging materials 1540.38 1588.70 1188.67 1212.26 76.31% 996.61 998.08 1.21 320.02 324.49 20.42% 61.21 69.88 61.03 77.52 19.46 20.50 12.07 10.48 15.28 12.89 31.80

8 Max India Ltd. Biaxially oriented polypropylene (BOPP) film 352.17 336.73 316.55 289.22 85.89% 174.27 184.14 1.57 37.85 28.76 8.54% 55.82 60.34 30.08 27.92 29.32 31.13 7.11 7.12 9.28 9.13 34.00

9 Jai Corp Ltd. Sacks & bags of polyethylene 378.27 410.93 241.99 342.86 83.44% 200.28 219.64 1.56 62.55 97.61 23.75% 76.09 64.83 18.64 20.21 39.97 31.81 7.89 6.27 24.62 21.02 34.20

10 Ineos A B S (India) Ltd. Acrylonitrile butadiene styrene 608.18 564.65 509.55 405.56 71.83% 153.02 141.98 2.86 41.74 89.42 15.84% 43.87 48.85 67.44 77.17 32.02 39.51 3.52 3.57 15.04 15.68 34.50

11 V I P Industries Ltd. Moulded luggage 516.33 609.98 220.82 241.91 39.66% 87.61 80.83 2.99 37.69 87.95 14.42% 75.40 58.23 53.19 42.62 37.48 30.20 7.01 6.25 66.92 63.17 35.00

12 Sintex Industries Ltd. Builders wares of plastics 1884.06 2010.20 1389.27 1509.89 75.11% 1221.29 1336.59 1.13 466.62 470.19 23.39% 89.66 101.87 64.82 47.58 11.97 10.90 21.37 20.52 34.33 31.21 35.80

13 Positive Packaging Inds. Ltd. Plastic laminated sheets 468.04 497.51 378.95 412.21 82.85% 106.81 148.41 2.78 45.86 109.41 21.99% 55.14 58.16 44.12 59.15 47.85 51.57 7.12 5.95 17.74 18.14 36.20

14 Bhansali Engineering Polymers Ltd. Acrylonitrile butadiene styrene 225.04 312.87 186.74 283.47 90.60% 182.67 168.33 1.68 3.30 38.88 12.43% 232.31 172.48 141.19 152.43 27.43 23.36 17.80 11.16 19.74 13.73 36.80

15 J B F Industries Ltd. Polyethylene terephthalate (PET) 2394.28 2683.69 2121.02 2374.69 88.49% 918.68 1049.20 2.26 223.49 296.87 11.06% 33.40 33.59 49.15 66.71 17.88 26.45 2.11 2.61 12.38 20.40 37.80

16 Jain Irrigation Systems Ltd. Plastic Products 2172.77 2718.08 1525.54 2016.27 74.18% 951.12 1202.62 1.68 380.67 638.47 23.49% 111.46 109.99 136.23 119.50 80.65 61.86 0.15 0.11 51.12 51.42 38.20

17 Essel Propack Ltd. Plastic packaging goods 335.22 428.58 240.65 298.61 69.67% 162.43 154.32 1.94 118.64 161.99 37.80% 77.82 67.36 67.84 48.55 62.10 46.50 26.77 23.93 28.16 24.95 40.00

18 Bilcare Ltd. Other plastic packaging goods 473.93 550.33 326.20 371.40 67.49% 380.23 414.98 0.89 130.83 165.75 30.12% 114.55 121.88 29.90 56.90 60.87 64.65 11.12 11.08 19.68 19.81 40.10

19 Nilkamal Ltd. Plastic injection moulding items 892.86 1028.35 445.69 555.73 54.04% 226.93 215.21 2.58 85.42 125.77 12.23% 42.20 37.73 27.53 35.79 42.45 33.54 8.53 7.07 57.61 50.68 40.60

20 D C W Ltd. Poly vinyl chloride 910.86 1026.80 729.04 807.69 78.66% 689.48 642.11 1.26 88.20 178.06 17.34% 29.44 33.14 78.03 99.72 57.08 65.57 0.53 0.51 18.61 14.22 42.10

21 Paper Products Ltd. Flexible packaging materials 618.04 583.85 509.60 473.29 81.06% 163.65 198.78 2.38 60.68 82.08 14.06% 53.95 56.88 62.82 81.31 30.18 41.78 7.85 9.57 20.96 18.94 42.80

22 Merino Industries Ltd. Sheets, films, etc. of plastic, not reinforced 292.68 329.04 203.58 227.54 69.15% 76.31 90.56 2.51 24.17 38.51 11.70% 59.91 51.49 39.98 62.02 129.76 110.13 2.82 3.22 33.35 33.04 44.60

23 Time Technoplast Ltd. Reservoirs, tanks, etc. 519.80 654.35 388.65 500.59 76.50% 240.55 326.17 1.53 107.56 130.12 19.89% 79.67 73.40 34.28 52.92 58.43 52.26 16.53 14.66 43.49 38.41 46.70

24 Garware Polyester Ltd. Polyester film 554.82 312.40 385.68 227.65 72.87% 389.34 376.97 0.60 101.57 53.46 17.11% 67.75 119.08 22.28 37.10 47.18 74.17 21.02 26.48 29.03 36.59 49.60

25 Kemrock Industries & Exports Ltd. Other articles of plastics 341.64 598.29 265.58 413.13 69.05% 281.45 492.79 0.84 97.43 145.15 24.26% 180.28 167.68 108.98 157.18 71.41 61.98 182.84 123.94 186.10 135.09 53.00

26 Chemplast Sanmar Ltd. Poly vinyl chloride 678.34 921.99 670.60 951.74 103.23% 693.96 1464.89 0.65 25.41 17.74 1.92% 21.71 24.97 108.30 219.30 84.43 64.53 1.02 0.71 9.86 23.93 53.30

27 Finolex Industries Ltd. Amino/phenolic resins & polyurethanes 1492.91 1454.93 1183.51 1232.39 84.70% 566.02 835.64 1.47 23.96 258.11 17.74% 13.59 9.89 51.61 83.29 50.43 49.97 3.76 11.43 16.55 41.62 56.80

R E A L E S T A T E

1 I V R C L Ltd. Construction of roads, bridges, tunnels etc. 4865.22 5318.86 4366.34 4540.12 85.36% 520.69 566.40 8.02 485.64 433.94 8.16% 73.83 109.98 133.55 171.13 42.91 40.48 0.20 0.26 0.53 0.89 9.00

2 Larsen & Toubro Ltd. Construction of other industrial plants 33900.87 36990.93 25716.78 27488.00 74.31% 4114.32 5491.56 5.01 5378.96 6805.26 18.40% 95.21 106.96 177.48 217.32 17.13 18.24 4.44 4.40 8.80 8.47 10.90

3 B S Transcomm Ltd. Infrastructure construction 337.23 519.12 298.99 469.86 90.51% 28.32 105.68 4.45 34.28 57.63 11.10% 103.47 104.67 47.03 100.31 26.02 24.38 0.29 0.18 15.19 18.04 12.00

www.industry20.com62 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 65: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

N O N M E T A L L I C M I N E R A L P R O D U C T S

1 Indian Hume Pipe Co. Ltd. Products of cement, concrete, etc. 557.95 561.86 565.35 554.59 98.71% 56.08 64.09 8.65 59.94 71.17 12.67% 12.15 13.81 99.36 142.73 38.94 45.65 0.21 0.22 3.68 4.92 8.20

2 Grindwell Norton Ltd. Abrasive powder or grain on a base 504.88 707.55 320.87 421.33 59.55% 157.76 182.36 2.31 93.68 148.06 20.93% 52.49 39.67 72.14 66.62 61.53 58.82 22.40 17.22 56.20 42.16 9.50

3 Visaka Industries Ltd. Asbestos-cement products 583.47 598.11 379.19 432.28 72.27% 198.24 207.77 2.08 89.06 115.69 19.34% 32.27 30.09 45.71 45.85 40.20 48.79 12.64 13.69 51.45 50.08 9.60

4 Hyderabad Industries Ltd. Asbestos-cement products 624.51 696.84 429.08 498.08 71.48% 159.81 183.59 2.71 92.58 156.97 22.53% 28.37 26.22 65.55 70.33 51.99 50.55 5.08 2.98 54.91 58.56 10.20

5 Carborundum Universal Ltd. Abrasive powder or grain on a base 660.02 741.15 478.33 536.32 72.36% 350.09 345.72 1.55 143.05 145.63 19.65% 73.12 73.58 51.69 55.98 58.14 52.18 19.22 19.52 46.02 47.20 11.20

6 Ramco Industries Ltd. Asbestos-cement products 459.57 507.75 322.90 378.74 74.59% 234.30 218.38 1.73 102.28 118.77 23.39% 21.41 19.46 49.23 41.24 54.20 64.71 1.88 1.15 56.90 65.80 12.20

7 Everest Industries Ltd. Asbestos-cement products 536.08 651.60 409.87 498.47 76.50% 234.58 220.27 2.26 53.73 70.03 10.75% 10.42 12.83 56.17 56.16 62.09 63.28 31.00 28.67 46.38 44.41 14.70

P A P E R , B O O K S / C A R D S A N D W O O D P R O D U C T S

1 N R Agarwal Inds. Ltd. Kraft paper & paperboard 367.63 376.30 312.49 313.26 83.25% 113.60 112.66 2.78 29.97 45.44 12.08% 42.72 43.20 63.65 79.25 32.30 31.96 1.22 0.95 5.76 6.46 14.00

2 J K Paper Ltd. Paper 1162.50 1204.87 741.86 757.96 62.91% 928.73 879.58 0.86 189.23 250.80 20.82% 33.10 32.91 41.94 55.62 55.23 57.86 6.03 4.44 17.20 17.64 15.30

3 Ballarpur Industries Ltd. Paper 1021.41 1063.05 702.76 718.37 67.58% 848.70 971.44 0.74 260.05 212.26 19.97% 66.24 70.75 32.72 70.26 62.72 72.82 2.83 4.20 25.22 29.45 16.20

4 Seshasayee Paper & Boards Ltd. Paper 527.85 508.05 397.03 345.27 67.96% 526.63 498.05 0.69 76.29 121.71 23.96% 32.95 33.24 85.79 84.94 92.49 93.74 4.47 3.37 4.58 3.47 16.50

5 Emami Paper Mills Ltd. Paper 435.61 389.05 321.04 298.85 76.82% 447.59 405.92 0.74 93.32 77.48 19.92% 48.92 74.98 35.54 12.45 69.88 93.78 5.91 5.30 19.13 18.39 19.20

6 Navneet Publications (India) Ltd. Printed books, brochures, etc. 495.89 512.68 342.07 301.52 58.81% 88.13 86.24 3.50 104.66 116.55 22.73% 41.72 47.86 25.78 22.51 82.51 86.72 10.10 9.70 126.96 135.42 19.90

7 Century Plyboards (India) Ltd. Plywood 645.09 701.96 452.45 456.25 65.00% 93.18 111.10 4.11 38.72 125.97 17.95% 47.47 43.77 28.60 48.70 79.86 90.98 4.46 9.44 32.78 33.44 20.30

8 Sirpur Paper Mills Ltd. Paper 345.94 335.89 288.37 272.32 81.07% 516.17 510.32 0.53 58.72 53.19 15.84% 42.53 57.92 112.28 106.36 42.97 57.12 7.23 9.83 11.43 15.34 21.60

9 Thomson Press India Ltd. Printing and service activities related to printing 324.10 306.51 243.00 233.58 76.21% 186.31 175.59 1.33 41.28 46.45 15.15% 86.40 93.14 53.18 52.85 87.66 93.81 13.68 16.21 14.74 17.70 23.60

10 Tamil Nadu Newsprint & Papers Ltd. Writing, printing paper 1122.15 1090.60 714.21 683.22 62.65% 1221.27 1244.10 0.55 294.09 319.08 29.26% 41.56 59.91 81.49 96.11 202.79 200.69 5.17 11.20 6.08 13.84 23.90

11 Bilt Graphic Paper Products Ltd. Coated paper 1396.17 2239.90 981.66 1658.66 74.05% 2388.50 2966.21 0.56 385.32 445.08 19.87% 18.22 19.31 117.23 132.24 101.36 75.58 9.84 10.31 15.37 15.47 25.90

12 Security Printing & Minting Corpn. Of India Ltd. Printing and service activities related to printing 2338.58 3037.73 1629.08 2194.87 72.25% 814.32 884.65 2.48 738.81 901.09 29.66% 138.60 116.34 80.33 73.31 178.11 130.63 41.07 35.41 107.38 79.93 26.20

13 Andhra Pradesh Paper Mills Ltd. Paper 626.22 648.67 488.86 433.08 66.76% 750.87 678.00 0.64 112.16 145.41 22.42% 23.74 23.37 101.93 93.45 71.56 84.72 11.28 11.09 37.55 42.77 26.60

14 Greenply Industries Ltd. Plywood 707.36 843.22 501.94 598.60 70.99% 199.22 542.76 1.10 84.22 103.96 12.33% 51.74 54.78 90.74 118.98 91.76 98.69 9.89 9.05 38.81 34.46 27.10

15 West Coast Paper Mills Ltd. Paper 619.11 624.25 483.38 477.48 76.49% 206.84 805.63 0.59 125.87 117.02 18.75% 23.79 21.79 119.07 123.50 100.32 135.80 2.62 1.87 27.30 27.68 27.70

P O L Y M E R S A N D P L A S T I C P R O D U C T S

1 Axiom Cordages Ltd. Plastic rope 223.11 352.59 178.00 292.94 83.08% 99.93 145.78 2.01 38.36 56.36 15.98% 1.74 29.80 61.06 28.93 4.52 8.04 4.06 1.94 5.23 2.76 21.70

2 Cosmo Films Ltd. Biaxially oriented polypropylene (BOPP) film 646.06 746.90 522.63 604.43 80.93% 412.64 374.22 1.62 144.13 105.26 14.09% 49.15 52.34 28.83 26.73 40.29 31.03 0.65 0.15 11.68 12.22 24.60

3 Responsive Industries Ltd. Floor coverings of plastics 427.07 546.77 362.49 455.40 83.29% 169.91 207.52 2.19 52.51 80.89 14.79% 13.72 21.04 69.33 17.86 17.16 17.16 4.93 5.27 4.92 5.72 26.70

4 Shree Rama Multi-Tech Ltd. Other plastic packaging goods 67.68 430.07 44.14 422.51 98.24% 241.99 223.04 1.89 19.65 76.93 17.89% 71.15 12.08 1002.06 50.56 71.93 5.01 12.95 2.67 23.12 3.79 26.70

5 Supreme Petrochem Ltd. Polystyrene 1399.00 1610.58 923.30 982.15 60.98% 250.89 256.31 3.83 76.69 128.66 7.99% 39.49 40.72 59.27 71.71 19.41 26.21 1.40 0.75 13.29 14.12 27.60

6 Ester Industries Ltd. Polyester film 379.24 401.34 278.04 312.70 77.91% 140.22 135.78 2.30 69.29 60.20 15.00% 40.09 41.26 21.19 38.43 31.17 30.59 4.78 3.44 14.31 13.95 29.40

7 Uflex Ltd. Flexible packaging materials 1540.38 1588.70 1188.67 1212.26 76.31% 996.61 998.08 1.21 320.02 324.49 20.42% 61.21 69.88 61.03 77.52 19.46 20.50 12.07 10.48 15.28 12.89 31.80

8 Max India Ltd. Biaxially oriented polypropylene (BOPP) film 352.17 336.73 316.55 289.22 85.89% 174.27 184.14 1.57 37.85 28.76 8.54% 55.82 60.34 30.08 27.92 29.32 31.13 7.11 7.12 9.28 9.13 34.00

9 Jai Corp Ltd. Sacks & bags of polyethylene 378.27 410.93 241.99 342.86 83.44% 200.28 219.64 1.56 62.55 97.61 23.75% 76.09 64.83 18.64 20.21 39.97 31.81 7.89 6.27 24.62 21.02 34.20

10 Ineos A B S (India) Ltd. Acrylonitrile butadiene styrene 608.18 564.65 509.55 405.56 71.83% 153.02 141.98 2.86 41.74 89.42 15.84% 43.87 48.85 67.44 77.17 32.02 39.51 3.52 3.57 15.04 15.68 34.50

11 V I P Industries Ltd. Moulded luggage 516.33 609.98 220.82 241.91 39.66% 87.61 80.83 2.99 37.69 87.95 14.42% 75.40 58.23 53.19 42.62 37.48 30.20 7.01 6.25 66.92 63.17 35.00

12 Sintex Industries Ltd. Builders wares of plastics 1884.06 2010.20 1389.27 1509.89 75.11% 1221.29 1336.59 1.13 466.62 470.19 23.39% 89.66 101.87 64.82 47.58 11.97 10.90 21.37 20.52 34.33 31.21 35.80

13 Positive Packaging Inds. Ltd. Plastic laminated sheets 468.04 497.51 378.95 412.21 82.85% 106.81 148.41 2.78 45.86 109.41 21.99% 55.14 58.16 44.12 59.15 47.85 51.57 7.12 5.95 17.74 18.14 36.20

14 Bhansali Engineering Polymers Ltd. Acrylonitrile butadiene styrene 225.04 312.87 186.74 283.47 90.60% 182.67 168.33 1.68 3.30 38.88 12.43% 232.31 172.48 141.19 152.43 27.43 23.36 17.80 11.16 19.74 13.73 36.80

15 J B F Industries Ltd. Polyethylene terephthalate (PET) 2394.28 2683.69 2121.02 2374.69 88.49% 918.68 1049.20 2.26 223.49 296.87 11.06% 33.40 33.59 49.15 66.71 17.88 26.45 2.11 2.61 12.38 20.40 37.80

16 Jain Irrigation Systems Ltd. Plastic Products 2172.77 2718.08 1525.54 2016.27 74.18% 951.12 1202.62 1.68 380.67 638.47 23.49% 111.46 109.99 136.23 119.50 80.65 61.86 0.15 0.11 51.12 51.42 38.20

17 Essel Propack Ltd. Plastic packaging goods 335.22 428.58 240.65 298.61 69.67% 162.43 154.32 1.94 118.64 161.99 37.80% 77.82 67.36 67.84 48.55 62.10 46.50 26.77 23.93 28.16 24.95 40.00

18 Bilcare Ltd. Other plastic packaging goods 473.93 550.33 326.20 371.40 67.49% 380.23 414.98 0.89 130.83 165.75 30.12% 114.55 121.88 29.90 56.90 60.87 64.65 11.12 11.08 19.68 19.81 40.10

19 Nilkamal Ltd. Plastic injection moulding items 892.86 1028.35 445.69 555.73 54.04% 226.93 215.21 2.58 85.42 125.77 12.23% 42.20 37.73 27.53 35.79 42.45 33.54 8.53 7.07 57.61 50.68 40.60

20 D C W Ltd. Poly vinyl chloride 910.86 1026.80 729.04 807.69 78.66% 689.48 642.11 1.26 88.20 178.06 17.34% 29.44 33.14 78.03 99.72 57.08 65.57 0.53 0.51 18.61 14.22 42.10

21 Paper Products Ltd. Flexible packaging materials 618.04 583.85 509.60 473.29 81.06% 163.65 198.78 2.38 60.68 82.08 14.06% 53.95 56.88 62.82 81.31 30.18 41.78 7.85 9.57 20.96 18.94 42.80

22 Merino Industries Ltd. Sheets, films, etc. of plastic, not reinforced 292.68 329.04 203.58 227.54 69.15% 76.31 90.56 2.51 24.17 38.51 11.70% 59.91 51.49 39.98 62.02 129.76 110.13 2.82 3.22 33.35 33.04 44.60

23 Time Technoplast Ltd. Reservoirs, tanks, etc. 519.80 654.35 388.65 500.59 76.50% 240.55 326.17 1.53 107.56 130.12 19.89% 79.67 73.40 34.28 52.92 58.43 52.26 16.53 14.66 43.49 38.41 46.70

24 Garware Polyester Ltd. Polyester film 554.82 312.40 385.68 227.65 72.87% 389.34 376.97 0.60 101.57 53.46 17.11% 67.75 119.08 22.28 37.10 47.18 74.17 21.02 26.48 29.03 36.59 49.60

25 Kemrock Industries & Exports Ltd. Other articles of plastics 341.64 598.29 265.58 413.13 69.05% 281.45 492.79 0.84 97.43 145.15 24.26% 180.28 167.68 108.98 157.18 71.41 61.98 182.84 123.94 186.10 135.09 53.00

26 Chemplast Sanmar Ltd. Poly vinyl chloride 678.34 921.99 670.60 951.74 103.23% 693.96 1464.89 0.65 25.41 17.74 1.92% 21.71 24.97 108.30 219.30 84.43 64.53 1.02 0.71 9.86 23.93 53.30

27 Finolex Industries Ltd. Amino/phenolic resins & polyurethanes 1492.91 1454.93 1183.51 1232.39 84.70% 566.02 835.64 1.47 23.96 258.11 17.74% 13.59 9.89 51.61 83.29 50.43 49.97 3.76 11.43 16.55 41.62 56.80

R E A L E S T A T E

1 I V R C L Ltd. Construction of roads, bridges, tunnels etc. 4865.22 5318.86 4366.34 4540.12 85.36% 520.69 566.40 8.02 485.64 433.94 8.16% 73.83 109.98 133.55 171.13 42.91 40.48 0.20 0.26 0.53 0.89 9.00

2 Larsen & Toubro Ltd. Construction of other industrial plants 33900.87 36990.93 25716.78 27488.00 74.31% 4114.32 5491.56 5.01 5378.96 6805.26 18.40% 95.21 106.96 177.48 217.32 17.13 18.24 4.44 4.40 8.80 8.47 10.90

3 B S Transcomm Ltd. Infrastructure construction 337.23 519.12 298.99 469.86 90.51% 28.32 105.68 4.45 34.28 57.63 11.10% 103.47 104.67 47.03 100.31 26.02 24.38 0.29 0.18 15.19 18.04 12.00

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industry 2.0 - technology management for decision-makers | march 2012 63

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Page 66: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

4 Gammon India Ltd. Infrastructure construction 3586.24 4470.81 3221.26 3971.71 88.84% 948.03 1084.35 3.66 407.20 425.08 9.51% 91.21 121.99 192.31 187.98 51.13 78.60 2.56 3.86 5.25 6.88 13.40

5 Bridge & Roof Co. (India) Ltd. Construction of other industrial plants 897.09 1072.58 808.67 1011.30 94.29% 49.15 44.60 22.67 70.86 89.70 8.36% 3.65 2.35 227.23 219.43 81.77 64.98 0.67 1.83 0.69 1.87 13.60

6 Ahluwalia Contracts (India) Ltd. Construction of other industrial plants 1164.57 1568.13 1010.60 1365.38 87.07% 120.99 126.79 10.77 148.99 174.52 11.13% 83.82 74.90 153.73 122.91 39.84 35.20 8.17 12.45 8.74 13.03 14.60

7 Alstom Projects India Ltd. Construction of other industrial plants 2286.28 2039.80 1917.88 1789.28 87.72% 259.38 341.50 5.24 243.16 290.60 14.25% 96.57 111.91 365.86 406.27 5.07 5.40 2.94 21.59 3.14 22.78 15.80

8 Mecon Ltd. Technical services, nec. 559.06 610.32 426.25 470.30 77.06% 73.23 72.65 6.47 93.89 141.85 23.24% 84.91 97.30 295.90 308.13 391.34 575.94 9.91 9.03 11.89 10.37 16.00

9 Jaiprakash Associates Ltd. Construction of roads, bridges, tunnels etc. 5789.84 9995.77 3291.49 6026.63 60.29% 6817.91 10618.68 0.57 2085.26 3912.77 39.14% 47.80 59.29 373.57 240.61 608.54 602.08 2.78 3.61 9.24 10.42 16.20

R E T A I L T R A D I N G

1 H C L Infosystems Ltd. Trade in electrical machinery 12199.65 11943.32 2475.58 2566.52 21.49% 150.63 171.22 14.99 435.79 427.82 3.58% 40.85 55.12 57.52 72.85 32.83 38.38 0.20 0.08 23.17 21.63 24.40

2 Sundaram Auto Components Ltd. Trade in transport equipment 479.84 776.87 457.15 153.11 19.71% 69.18 69.50 2.20 12.49 24.68 3.18% 24.68 24.20 49.40 44.89 5.17 19.57 2.37 6.54 9.15 11.06 24.60

3 Surana Corporation Ltd. Trade in other manufactured goods 2239.88 4062.00 2210.04 4003.04 98.55% 52.81 48.83 81.98 73.91 115.21 2.84% 43.81 30.28 37.24 34.07 9.12 8.39 11.50 7.81 22.52 15.47 25.50

4 A G C Networks Ltd. Trade in electrical machinery 508.66 493.44 110.82 104.23 21.12% 18.46 17.88 5.83 32.24 61.32 12.43% 102.81 101.45 120.41 121.85 3.86 2.64 7.17 9.81 35.71 31.85 27.30

5 Varun Industries Ltd. Trade in manufactured products 1217.80 1534.17 113.35 127.54 8.31% 315.05 385.34 0.33 73.94 121.84 7.94% 115.85 139.12 19.71 39.81 111.74 92.41 6.87 8.88 26.21 19.61 28.70

6 A B T Industries Ltd. Trade in transport equipment 449.41 526.89 107.75 120.04 22.78% 40.26 58.54 2.05 11.06 14.16 2.69% 10.26 8.43 18.19 24.28 13.42 13.55 0.98 2.18 21.67 25.47 29.30

7 Birla Cotsyn (India) Ltd. Trade in textiles 199.94 346.67 78.30 120.76 34.83% 149.62 169.34 0.71 18.58 35.18 10.15% 36.43 52.26 61.33 34.43 31.19 20.28 13.82 10.89 19.34 17.48 29.80

8 Alchemist Ltd. Trade in other manufactured goods 386.30 396.23 347.89 360.28 90.93% 162.36 168.86 2.13 35.05 36.31 9.16% 13.06 15.68 33.54 33.91 4.44 4.49 12.16 15.24 19.72 22.86 31.70

9 Bhatia International Ltd. Trade in minerals & energy sources 5541.08 2785.52 151.79 139.21 5.00% 121.97 127.46 1.09 71.03 95.32 3.42% 45.93 101.47 42.24 66.27 59.18 107.53 0.86 1.39 21.01 35.90 31.80

10 A B T Ltd. Trade in transport equipment 477.56 656.43 66.82 77.98 11.88% 208.21 224.88 0.35 41.48 55.41 8.44% 20.12 18.07 82.50 78.87 160.87 91.45 2.18 2.23 20.98 13.00 31.90

11 Gimpex Ltd. Trade in minerals & energy sources 500.03 695.52 63.62 67.68 9.73% 36.96 42.18 1.60 26.56 35.57 5.11% 48.59 32.67 74.67 44.52 31.80 37.45 1.45 1.84 65.89 85.20 31.90

12 D D Industries Ltd. Trade in transport equipment 542.76 610.56 33.47 30.83 5.05% 19.97 19.65 1.57 12.65 19.36 3.17% 11.44 8.07 25.74 20.42 75.33 132.10 6.15 5.10 21.19 14.86 32.20

13 Gmmco Ltd. Trade in non-electrical machinery 1056.65 1076.15 181.17 168.72 15.68% 153.16 141.82 1.19 125.77 128.72 11.96% 38.43 34.78 41.97 55.26 35.28 54.07 2.75 1.53 75.75 83.39 32.30

14 S Mobility Ltd. Trade in electrical machinery 667.90 1034.87 15.82 16.70 1.61% 4.99 8.10 2.06 4.45 109.00 10.53% 24.74 27.56 47.26 87.63 1680.92 178.18 1.59 1.68 15.55 33.41 35.20

15 Anik Industries Ltd. Wholesale Trade 1008.58 1214.79 230.05 270.88 22.30% 95.82 96.59 2.80 41.22 43.42 3.57% 64.75 77.84 96.58 95.26 4.16 3.70 15.74 20.69 43.20 37.72 35.70

16 Kodak India Pvt. Ltd. Trade in other manufactured goods 832.25 803.02 140.76 85.84 10.69% 16.15 14.34 5.99 30.77 54.06 6.73% 17.91 22.81 60.52 87.98 64.05 112.85 0.32 0.70 50.68 48.18 36.10

17 Beetel Teletech Ltd. Trade in electrical machinery 1057.70 590.65 105.72 83.33 14.11% 14.64 21.69 3.84 12.18 10.43 1.77% 11.46 35.74 38.17 61.23 30.57 65.05 5.52 8.03 17.15 48.15 36.50

18 Vikash Metal & Power Ltd. Trade in manufactured products 594.82 692.21 205.68 222.96 32.21% 160.75 153.85 1.45 30.88 36.67 5.30% 79.60 127.20 119.03 155.96 86.61 77.07 14.95 15.19 13.38 16.43 36.60

19 Sicagen India Ltd. Trade in manufactured products 421.10 509.91 20.87 49.58 9.72% 25.99 31.94 1.55 7.14 14.11 2.77% 67.29 64.80 42.17 52.18 388.87 97.62 42.75 22.64 23.19 21.53 37.50

20 V-Guard Industries Ltd. Trade in other manufactured goods 316.14 453.00 92.45 188.37 41.58% 71.28 112.30 1.68 35.07 51.75 11.42% 48.48 49.29 45.14 54.20 27.24 20.85 11.07 12.97 53.30 63.60 37.60

21 Salora International Ltd. Trade in electrical machinery 712.94 519.08 62.89 69.96 13.48% 49.66 45.96 1.52 15.01 0.39 0.08% 49.44 70.43 34.19 61.30 279.75 106.48 5.16 5.82 47.39 60.19 40.20

22 T I L Ltd. Trade in non-electrical machinery 835.91 849.16 222.50 218.91 25.78% 92.07 109.00 2.01 85.28 108.38 12.76% 43.80 55.05 49.89 61.75 114.66 94.01 15.01 20.66 48.45 58.12 41.40

23 Pantaloon Retail (India) Ltd. Retail trade 6336.42 5927.13 991.50 999.73 16.87% 1568.76 1122.15 0.89 673.77 678.48 11.45% 8.02 8.76 51.29 61.69 122.56 172.44 2.91 2.39 112.98 115.31 45.70

24 Arintex Global Ltd. Trade in other manufactured goods 154.71 376.16 0.18 0.17 0.05% 5.28 4.89 0.03 4.69 7.27 1.93% 27.67 9.16 189.91 72.85 6022.50 4440.83 2034.58 2600.52 40.33 12.86 46.10

S T E E L T U B E S & P I P E S

1 Technocraft Industries (India) Ltd. Diversified 428.47 396.01 331.45 303.74 76.70% 112.25 109.85 2.77 49.09 71.18 17.97% 80.94 86.39 30.82 36.59 100.10 103.45 1.12 1.37 14.77 16.89 16.00

2 Tube Investments Of India Ltd. ERW tubes & pipes 2153.18 2433.90 1819.78 1896.57 77.92% 514.15 527.63 3.59 173.53 229.23 9.42% 44.15 42.30 59.39 68.68 26.62 29.86 7.20 8.48 22.41 24.19 17.50

3 Lanco Industries Ltd. Spun pipes 643.84 689.87 530.60 531.39 77.03% 282.39 277.59 1.91 82.29 136.80 19.83% 56.79 62.00 61.99 69.84 83.05 83.10 6.47 8.08 13.62 14.72 18.50

4 Jindal (India) Ltd. Tubes & pipes 803.82 1108.32 711.91 971.79 87.68% 120.98 161.85 6.00 41.12 124.15 11.20% 33.63 26.69 29.05 10.71 21.11 21.77 24.01 17.51 32.67 25.62 18.50

5 Surya Roshni Ltd. Tubes & pipes 1487.75 1790.49 1275.67 1498.85 83.71% 338.68 460.10 3.26 98.03 129.55 7.24% 31.61 31.15 9.23 12.84 21.45 22.43 6.63 9.78 33.58 36.13 20.40

6 Swastik Pipes Ltd. Tubes & pipes 510.83 550.46 458.39 514.16 93.41% 31.10 34.01 15.12 22.13 22.21 4.03% 26.06 30.97 26.08 31.82 24.07 21.96 19.51 17.16 33.92 29.32 20.70

7 Electrosteel Castings Ltd. Tubes & pipes 1914.78 1435.22 1154.56 938.98 65.42% 506.87 524.62 1.79 352.73 401.85 28.00% 106.89 125.66 31.76 51.24 98.80 118.64 4.57 7.53 16.58 39.35 20.80

8 Ratnamani Metals & Tubes Ltd. Tubes & pipes 955.21 851.96 736.50 676.29 79.38% 365.88 359.92 1.88 153.46 175.13 20.56% 42.47 58.44 73.70 42.22 31.60 45.45 17.68 18.69 33.46 31.62 23.00

9 Man Industries (India) Ltd. Tubes & pipes 1858.88 1473.70 1525.78 1197.69 81.27% 435.31 414.64 2.89 136.68 161.88 10.98% 70.86 81.87 188.01 180.81 35.63 49.32 11.46 12.11 26.71 30.41 23.50

10 Maharashtra Seamless Ltd. Seamless tubes & pipes 2074.19 1603.82 1547.65 1155.15 72.02% 283.75 1017.11 1.14 408.86 450.79 28.11% 45.26 49.43 24.32 31.34 63.32 120.75 8.43 10.48 29.44 32.59 24.20

11 Jindal Saw Ltd. Tubes & pipes 4999.86 6765.53 4070.83 4782.18 70.68% 1085.27 1866.54 2.56 595.62 1181.51 17.46% 82.16 53.06 98.38 51.85 84.94 58.70 29.45 17.26 50.50 38.47 25.00

12 Skipper Ltd. Welded steel tubular poles 365.43 408.99 340.94 372.83 91.16% 52.48 132.99 2.80 27.94 33.35 8.15% 58.28 57.10 37.08 31.93 16.68 22.13 27.11 35.52 38.21 48.34 25.90

13 Welspun Corp Ltd. Tubes & pipes 5827.11 6609.67 5095.78 4407.48 66.68% 2290.60 2462.59 1.79 730.15 1169.11 17.69% 39.97 37.12 228.98 111.92 71.19 71.46 12.41 11.26 64.91 70.57 29.30

14 Zenith Birla (India) Ltd. Tubes & pipes 584.34 479.67 423.32 404.79 84.39% 90.01 98.39 4.11 47.50 44.43 9.26% 34.96 53.18 95.22 153.33 37.52 38.14 33.31 34.08 51.50 69.46 29.40

15 Oil Country Tubular Ltd. Seamless tubes & pipes 419.04 331.91 310.11 221.57 66.76% 63.42 88.13 2.51 97.12 106.09 31.96% 30.40 36.83 90.08 101.04 37.17 62.16 27.44 96.92 50.18 117.28 32.00

16 Innoventive Industries Ltd. Steel tubular structural poles 348.20 391.25 270.57 296.28 75.73% 141.61 240.07 1.23 58.66 98.97 25.30% 15.37 22.49 120.86 161.63 42.96 31.65 5.34 62.20 53.23 86.85 33.10

17 P S L Ltd. Tubes & pipes 3161.78 2593.15 3158.80 2307.05 88.97% 456.00 713.66 3.23 293.29 305.92 11.80% 45.06 67.40 250.41 103.62 73.65 102.76 66.06 107.74 82.92 130.15 35.30

T E X T I L E S

1 Modern Syntex (India) Ltd. Polyester filament yarn (PFY) 521.51 503.84 478.28 481.75 95.62% 175.94 137.20 3.51 25.30 286.53 56.87% 19.23 10.69 31.21 17.47 10.37 8.34 2.88 2.28 9.64 9.82 56.90

2 Filatex India Ltd. Polyester filament yarn (PFY) 359.01 399.69 319.80 360.83 90.28% 90.04 94.54 3.82 29.44 37.54 9.39% 13.67 13.84 16.82 13.06 13.38 10.97 1.41 1.89 10.35 11.16 64.50

3 Bombay Dyeing & Mfg. Co. Ltd. Polyester staple fibre (PSF) 1529.35 1909.46 1170.46 1245.72 65.24% 981.03 952.18 1.31 39.47 273.41 14.32% 82.69 97.70 89.50 78.81 25.13 23.46 6.56 5.62 24.72 23.19 71.30

4 K-Lifestyle & Industries Ltd. Cloth processed 501.14 556.23 466.96 509.51 91.60% 335.95 443.51 1.15 27.04 51.56 9.27% 30.61 39.99 6.62 6.50 10.82 24.02 2.53 4.17 6.60 10.54 73.40

5 Spentex Industries Ltd. Cotton yarn 674.89 734.13 555.11 573.51 78.12% 327.24 296.47 1.93 22.80 73.74 10.04% 49.34 51.08 66.59 72.96 32.67 25.06 5.47 5.59 25.39 12.90 78.40

6 Actif Corporation Ltd. Cotton & blended yarn 165.93 403.15 155.20 339.47 84.20% 335.67 314.67 1.08 21.44 54.17 13.44% 21.40 36.04 48.08 10.73 14.57 39.00 7.24 6.14 17.21 13.97 82.30

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supply chain metricssupply chain metrics

Page 67: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

PREAL

ESTATERank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

4 Gammon India Ltd. Infrastructure construction 3586.24 4470.81 3221.26 3971.71 88.84% 948.03 1084.35 3.66 407.20 425.08 9.51% 91.21 121.99 192.31 187.98 51.13 78.60 2.56 3.86 5.25 6.88 13.40

5 Bridge & Roof Co. (India) Ltd. Construction of other industrial plants 897.09 1072.58 808.67 1011.30 94.29% 49.15 44.60 22.67 70.86 89.70 8.36% 3.65 2.35 227.23 219.43 81.77 64.98 0.67 1.83 0.69 1.87 13.60

6 Ahluwalia Contracts (India) Ltd. Construction of other industrial plants 1164.57 1568.13 1010.60 1365.38 87.07% 120.99 126.79 10.77 148.99 174.52 11.13% 83.82 74.90 153.73 122.91 39.84 35.20 8.17 12.45 8.74 13.03 14.60

7 Alstom Projects India Ltd. Construction of other industrial plants 2286.28 2039.80 1917.88 1789.28 87.72% 259.38 341.50 5.24 243.16 290.60 14.25% 96.57 111.91 365.86 406.27 5.07 5.40 2.94 21.59 3.14 22.78 15.80

8 Mecon Ltd. Technical services, nec. 559.06 610.32 426.25 470.30 77.06% 73.23 72.65 6.47 93.89 141.85 23.24% 84.91 97.30 295.90 308.13 391.34 575.94 9.91 9.03 11.89 10.37 16.00

9 Jaiprakash Associates Ltd. Construction of roads, bridges, tunnels etc. 5789.84 9995.77 3291.49 6026.63 60.29% 6817.91 10618.68 0.57 2085.26 3912.77 39.14% 47.80 59.29 373.57 240.61 608.54 602.08 2.78 3.61 9.24 10.42 16.20

R E T A I L T R A D I N G

1 H C L Infosystems Ltd. Trade in electrical machinery 12199.65 11943.32 2475.58 2566.52 21.49% 150.63 171.22 14.99 435.79 427.82 3.58% 40.85 55.12 57.52 72.85 32.83 38.38 0.20 0.08 23.17 21.63 24.40

2 Sundaram Auto Components Ltd. Trade in transport equipment 479.84 776.87 457.15 153.11 19.71% 69.18 69.50 2.20 12.49 24.68 3.18% 24.68 24.20 49.40 44.89 5.17 19.57 2.37 6.54 9.15 11.06 24.60

3 Surana Corporation Ltd. Trade in other manufactured goods 2239.88 4062.00 2210.04 4003.04 98.55% 52.81 48.83 81.98 73.91 115.21 2.84% 43.81 30.28 37.24 34.07 9.12 8.39 11.50 7.81 22.52 15.47 25.50

4 A G C Networks Ltd. Trade in electrical machinery 508.66 493.44 110.82 104.23 21.12% 18.46 17.88 5.83 32.24 61.32 12.43% 102.81 101.45 120.41 121.85 3.86 2.64 7.17 9.81 35.71 31.85 27.30

5 Varun Industries Ltd. Trade in manufactured products 1217.80 1534.17 113.35 127.54 8.31% 315.05 385.34 0.33 73.94 121.84 7.94% 115.85 139.12 19.71 39.81 111.74 92.41 6.87 8.88 26.21 19.61 28.70

6 A B T Industries Ltd. Trade in transport equipment 449.41 526.89 107.75 120.04 22.78% 40.26 58.54 2.05 11.06 14.16 2.69% 10.26 8.43 18.19 24.28 13.42 13.55 0.98 2.18 21.67 25.47 29.30

7 Birla Cotsyn (India) Ltd. Trade in textiles 199.94 346.67 78.30 120.76 34.83% 149.62 169.34 0.71 18.58 35.18 10.15% 36.43 52.26 61.33 34.43 31.19 20.28 13.82 10.89 19.34 17.48 29.80

8 Alchemist Ltd. Trade in other manufactured goods 386.30 396.23 347.89 360.28 90.93% 162.36 168.86 2.13 35.05 36.31 9.16% 13.06 15.68 33.54 33.91 4.44 4.49 12.16 15.24 19.72 22.86 31.70

9 Bhatia International Ltd. Trade in minerals & energy sources 5541.08 2785.52 151.79 139.21 5.00% 121.97 127.46 1.09 71.03 95.32 3.42% 45.93 101.47 42.24 66.27 59.18 107.53 0.86 1.39 21.01 35.90 31.80

10 A B T Ltd. Trade in transport equipment 477.56 656.43 66.82 77.98 11.88% 208.21 224.88 0.35 41.48 55.41 8.44% 20.12 18.07 82.50 78.87 160.87 91.45 2.18 2.23 20.98 13.00 31.90

11 Gimpex Ltd. Trade in minerals & energy sources 500.03 695.52 63.62 67.68 9.73% 36.96 42.18 1.60 26.56 35.57 5.11% 48.59 32.67 74.67 44.52 31.80 37.45 1.45 1.84 65.89 85.20 31.90

12 D D Industries Ltd. Trade in transport equipment 542.76 610.56 33.47 30.83 5.05% 19.97 19.65 1.57 12.65 19.36 3.17% 11.44 8.07 25.74 20.42 75.33 132.10 6.15 5.10 21.19 14.86 32.20

13 Gmmco Ltd. Trade in non-electrical machinery 1056.65 1076.15 181.17 168.72 15.68% 153.16 141.82 1.19 125.77 128.72 11.96% 38.43 34.78 41.97 55.26 35.28 54.07 2.75 1.53 75.75 83.39 32.30

14 S Mobility Ltd. Trade in electrical machinery 667.90 1034.87 15.82 16.70 1.61% 4.99 8.10 2.06 4.45 109.00 10.53% 24.74 27.56 47.26 87.63 1680.92 178.18 1.59 1.68 15.55 33.41 35.20

15 Anik Industries Ltd. Wholesale Trade 1008.58 1214.79 230.05 270.88 22.30% 95.82 96.59 2.80 41.22 43.42 3.57% 64.75 77.84 96.58 95.26 4.16 3.70 15.74 20.69 43.20 37.72 35.70

16 Kodak India Pvt. Ltd. Trade in other manufactured goods 832.25 803.02 140.76 85.84 10.69% 16.15 14.34 5.99 30.77 54.06 6.73% 17.91 22.81 60.52 87.98 64.05 112.85 0.32 0.70 50.68 48.18 36.10

17 Beetel Teletech Ltd. Trade in electrical machinery 1057.70 590.65 105.72 83.33 14.11% 14.64 21.69 3.84 12.18 10.43 1.77% 11.46 35.74 38.17 61.23 30.57 65.05 5.52 8.03 17.15 48.15 36.50

18 Vikash Metal & Power Ltd. Trade in manufactured products 594.82 692.21 205.68 222.96 32.21% 160.75 153.85 1.45 30.88 36.67 5.30% 79.60 127.20 119.03 155.96 86.61 77.07 14.95 15.19 13.38 16.43 36.60

19 Sicagen India Ltd. Trade in manufactured products 421.10 509.91 20.87 49.58 9.72% 25.99 31.94 1.55 7.14 14.11 2.77% 67.29 64.80 42.17 52.18 388.87 97.62 42.75 22.64 23.19 21.53 37.50

20 V-Guard Industries Ltd. Trade in other manufactured goods 316.14 453.00 92.45 188.37 41.58% 71.28 112.30 1.68 35.07 51.75 11.42% 48.48 49.29 45.14 54.20 27.24 20.85 11.07 12.97 53.30 63.60 37.60

21 Salora International Ltd. Trade in electrical machinery 712.94 519.08 62.89 69.96 13.48% 49.66 45.96 1.52 15.01 0.39 0.08% 49.44 70.43 34.19 61.30 279.75 106.48 5.16 5.82 47.39 60.19 40.20

22 T I L Ltd. Trade in non-electrical machinery 835.91 849.16 222.50 218.91 25.78% 92.07 109.00 2.01 85.28 108.38 12.76% 43.80 55.05 49.89 61.75 114.66 94.01 15.01 20.66 48.45 58.12 41.40

23 Pantaloon Retail (India) Ltd. Retail trade 6336.42 5927.13 991.50 999.73 16.87% 1568.76 1122.15 0.89 673.77 678.48 11.45% 8.02 8.76 51.29 61.69 122.56 172.44 2.91 2.39 112.98 115.31 45.70

24 Arintex Global Ltd. Trade in other manufactured goods 154.71 376.16 0.18 0.17 0.05% 5.28 4.89 0.03 4.69 7.27 1.93% 27.67 9.16 189.91 72.85 6022.50 4440.83 2034.58 2600.52 40.33 12.86 46.10

S T E E L T U B E S & P I P E S

1 Technocraft Industries (India) Ltd. Diversified 428.47 396.01 331.45 303.74 76.70% 112.25 109.85 2.77 49.09 71.18 17.97% 80.94 86.39 30.82 36.59 100.10 103.45 1.12 1.37 14.77 16.89 16.00

2 Tube Investments Of India Ltd. ERW tubes & pipes 2153.18 2433.90 1819.78 1896.57 77.92% 514.15 527.63 3.59 173.53 229.23 9.42% 44.15 42.30 59.39 68.68 26.62 29.86 7.20 8.48 22.41 24.19 17.50

3 Lanco Industries Ltd. Spun pipes 643.84 689.87 530.60 531.39 77.03% 282.39 277.59 1.91 82.29 136.80 19.83% 56.79 62.00 61.99 69.84 83.05 83.10 6.47 8.08 13.62 14.72 18.50

4 Jindal (India) Ltd. Tubes & pipes 803.82 1108.32 711.91 971.79 87.68% 120.98 161.85 6.00 41.12 124.15 11.20% 33.63 26.69 29.05 10.71 21.11 21.77 24.01 17.51 32.67 25.62 18.50

5 Surya Roshni Ltd. Tubes & pipes 1487.75 1790.49 1275.67 1498.85 83.71% 338.68 460.10 3.26 98.03 129.55 7.24% 31.61 31.15 9.23 12.84 21.45 22.43 6.63 9.78 33.58 36.13 20.40

6 Swastik Pipes Ltd. Tubes & pipes 510.83 550.46 458.39 514.16 93.41% 31.10 34.01 15.12 22.13 22.21 4.03% 26.06 30.97 26.08 31.82 24.07 21.96 19.51 17.16 33.92 29.32 20.70

7 Electrosteel Castings Ltd. Tubes & pipes 1914.78 1435.22 1154.56 938.98 65.42% 506.87 524.62 1.79 352.73 401.85 28.00% 106.89 125.66 31.76 51.24 98.80 118.64 4.57 7.53 16.58 39.35 20.80

8 Ratnamani Metals & Tubes Ltd. Tubes & pipes 955.21 851.96 736.50 676.29 79.38% 365.88 359.92 1.88 153.46 175.13 20.56% 42.47 58.44 73.70 42.22 31.60 45.45 17.68 18.69 33.46 31.62 23.00

9 Man Industries (India) Ltd. Tubes & pipes 1858.88 1473.70 1525.78 1197.69 81.27% 435.31 414.64 2.89 136.68 161.88 10.98% 70.86 81.87 188.01 180.81 35.63 49.32 11.46 12.11 26.71 30.41 23.50

10 Maharashtra Seamless Ltd. Seamless tubes & pipes 2074.19 1603.82 1547.65 1155.15 72.02% 283.75 1017.11 1.14 408.86 450.79 28.11% 45.26 49.43 24.32 31.34 63.32 120.75 8.43 10.48 29.44 32.59 24.20

11 Jindal Saw Ltd. Tubes & pipes 4999.86 6765.53 4070.83 4782.18 70.68% 1085.27 1866.54 2.56 595.62 1181.51 17.46% 82.16 53.06 98.38 51.85 84.94 58.70 29.45 17.26 50.50 38.47 25.00

12 Skipper Ltd. Welded steel tubular poles 365.43 408.99 340.94 372.83 91.16% 52.48 132.99 2.80 27.94 33.35 8.15% 58.28 57.10 37.08 31.93 16.68 22.13 27.11 35.52 38.21 48.34 25.90

13 Welspun Corp Ltd. Tubes & pipes 5827.11 6609.67 5095.78 4407.48 66.68% 2290.60 2462.59 1.79 730.15 1169.11 17.69% 39.97 37.12 228.98 111.92 71.19 71.46 12.41 11.26 64.91 70.57 29.30

14 Zenith Birla (India) Ltd. Tubes & pipes 584.34 479.67 423.32 404.79 84.39% 90.01 98.39 4.11 47.50 44.43 9.26% 34.96 53.18 95.22 153.33 37.52 38.14 33.31 34.08 51.50 69.46 29.40

15 Oil Country Tubular Ltd. Seamless tubes & pipes 419.04 331.91 310.11 221.57 66.76% 63.42 88.13 2.51 97.12 106.09 31.96% 30.40 36.83 90.08 101.04 37.17 62.16 27.44 96.92 50.18 117.28 32.00

16 Innoventive Industries Ltd. Steel tubular structural poles 348.20 391.25 270.57 296.28 75.73% 141.61 240.07 1.23 58.66 98.97 25.30% 15.37 22.49 120.86 161.63 42.96 31.65 5.34 62.20 53.23 86.85 33.10

17 P S L Ltd. Tubes & pipes 3161.78 2593.15 3158.80 2307.05 88.97% 456.00 713.66 3.23 293.29 305.92 11.80% 45.06 67.40 250.41 103.62 73.65 102.76 66.06 107.74 82.92 130.15 35.30

T E X T I L E S

1 Modern Syntex (India) Ltd. Polyester filament yarn (PFY) 521.51 503.84 478.28 481.75 95.62% 175.94 137.20 3.51 25.30 286.53 56.87% 19.23 10.69 31.21 17.47 10.37 8.34 2.88 2.28 9.64 9.82 56.90

2 Filatex India Ltd. Polyester filament yarn (PFY) 359.01 399.69 319.80 360.83 90.28% 90.04 94.54 3.82 29.44 37.54 9.39% 13.67 13.84 16.82 13.06 13.38 10.97 1.41 1.89 10.35 11.16 64.50

3 Bombay Dyeing & Mfg. Co. Ltd. Polyester staple fibre (PSF) 1529.35 1909.46 1170.46 1245.72 65.24% 981.03 952.18 1.31 39.47 273.41 14.32% 82.69 97.70 89.50 78.81 25.13 23.46 6.56 5.62 24.72 23.19 71.30

4 K-Lifestyle & Industries Ltd. Cloth processed 501.14 556.23 466.96 509.51 91.60% 335.95 443.51 1.15 27.04 51.56 9.27% 30.61 39.99 6.62 6.50 10.82 24.02 2.53 4.17 6.60 10.54 73.40

5 Spentex Industries Ltd. Cotton yarn 674.89 734.13 555.11 573.51 78.12% 327.24 296.47 1.93 22.80 73.74 10.04% 49.34 51.08 66.59 72.96 32.67 25.06 5.47 5.59 25.39 12.90 78.40

6 Actif Corporation Ltd. Cotton & blended yarn 165.93 403.15 155.20 339.47 84.20% 335.67 314.67 1.08 21.44 54.17 13.44% 21.40 36.04 48.08 10.73 14.57 39.00 7.24 6.14 17.21 13.97 82.30

RETAIL

TRAD

ING

STEEL TU

BES &

PIPES

industry 2.0 - technology management for decision-makers | march 2012 65

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Page 68: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

7 S E L Manufacturing Co. Ltd. Textiles 605.96 963.18 313.01 585.07 60.74% 306.30 467.80 1.25 128.91 175.86 18.26% 110.51 98.82 62.00 24.28 48.25 33.32 11.19 9.03 42.64 54.26 85.50

8 Welspun Syntex Ltd. Polyester filament yarn (PFY) 315.71 363.44 277.20 325.01 89.43% 99.62 91.00 3.57 15.17 28.04 7.72% 27.07 25.48 53.67 59.46 22.54 22.08 3.16 2.69 25.31 22.41 87.10

9 Garden Silk Mills Ltd. Polyester filament yarn (PFY) 1332.59 2507.49 1127.83 2247.67 89.64% 850.44 947.58 2.37 168.49 245.81 9.80% 23.10 13.32 33.96 39.30 28.71 23.20 1.31 0.97 38.96 26.27 87.60

10 Wellknown Polyesters Ltd. Textured yarn of synthetic filament yarn 357.53 657.42 295.58 606.47 92.25% 274.00 543.05 1.12 63.04 104.74 15.93% 22.97 17.57 15.27 15.23 14.22 13.55 6.12 5.61 23.90 26.26 88.40

11 G P I Textiles Ltd. Cotton yarn 234.99 430.54 209.89 363.29 84.38% 190.48 179.45 2.02 8.58 19.80 4.60% 22.41 8.37 109.97 71.41 14.91 11.67 5.80 3.71 15.86 9.13 89.20

12 Kurlon Ltd. Rubberised coir products & bonded fabrics 362.45 404.66 227.34 256.49 63.38% 52.91 66.36 3.87 33.55 41.56 10.27% 51.62 51.56 62.25 66.34 30.07 28.79 8.29 7.04 48.88 36.24 90.10

13 Grasim Industries Ltd. Viscose staple fibre (VSF) 10866.33 8221.75 6393.01 4336.26 52.74% 7088.28 1786.06 2.43 2863.79 3350.91 40.76% 19.09 18.50 61.51 16.79 85.96 100.68 6.13 6.76 17.83 15.57 91.00

14 Bhaskar Industries Ltd. Cloth (Fabrics) 188.67 301.05 164.93 250.42 83.18% 175.96 156.86 1.60 29.21 37.45 12.44% 137.72 103.38 35.66 30.23 75.75 45.97 10.37 7.87 48.38 29.85 91.40

15 K S L & Industries Ltd. Cloth (Fabrics) 841.84 1045.70 708.71 847.83 81.08% 1085.43 1172.43 0.72 160.82 169.40 16.20% 66.57 70.01 7.31 4.42 31.51 46.77 8.01 7.24 34.25 32.51 93.30

16 T T Ltd. Cotton & blended yarn 244.14 353.50 228.96 154.04 43.58% 166.81 206.38 0.75 -10.76 33.87 9.58% 34.45 25.22 33.17 16.22 38.89 52.15 2.67 4.46 18.80 22.42 93.90

17 Eskay K'N'It (India) Ltd. Cloth (Fabrics) 718.92 816.76 608.65 680.87 83.36% 295.32 294.02 2.32 120.05 109.36 13.39% 86.77 83.01 9.94 7.22 29.32 45.83 13.48 15.11 34.94 33.57 94.70

18 Century Enka Ltd. Polyester filament yarn (PFY) 1167.02 1231.34 974.86 1011.17 82.12% 665.36 610.04 1.66 112.07 230.04 18.68% 28.33 23.50 13.32 18.68 34.34 33.01 10.92 9.98 27.56 31.63 95.90

19 Aarti International Ltd. Cotton yarn 356.54 454.18 277.30 354.74 78.11% 293.84 277.22 1.28 46.59 69.35 15.27% 65.00 67.21 14.18 14.63 185.13 191.77 7.08 6.26 13.85 12.21 96.00

20 Vardhman Polytex Ltd. Cotton yarn 428.89 527.79 370.58 439.65 83.30% 287.83 256.32 1.72 56.59 35.95 6.81% 28.05 25.47 18.64 14.28 115.86 68.36 3.86 5.09 15.75 11.80 96.20

21 S R F Ltd. Nylon tyre cord fabric 1462.87 1924.34 1194.43 1454.50 75.58% 1379.65 1771.74 0.82 380.67 633.39 32.91% 53.06 50.38 65.85 77.93 49.77 42.80 12.61 9.30 23.49 20.89 96.80

22 K P R Mill Ltd. Cotton yarn 740.14 822.13 613.26 621.58 75.61% 820.58 768.99 0.81 110.00 165.18 20.09% 52.14 49.44 102.76 54.06 117.56 99.73 4.00 3.98 11.75 11.36 98.50

23 R S W M Ltd. Blended yarn 1372.33 1623.19 1124.36 1292.23 79.61% 859.70 796.82 1.62 87.98 235.56 14.51% 38.45 34.32 22.35 22.59 38.45 45.75 13.03 11.03 28.65 23.23 98.80

24 Tara Health Foods Ltd. Wool or animal hair carded or combed 195.06 340.61 164.58 307.28 90.21% 41.11 55.31 5.56 29.69 69.93 20.53% 40.56 56.75 18.34 16.55 113.52 102.42 3.56 1.73 20.09 43.61 99.10

25 Garg Acrylics Ltd. Cotton & blended yarn 250.01 337.33 162.98 212.23 62.91% 184.23 192.29 1.10 25.82 50.26 14.90% 31.51 37.00 54.46 34.71 79.41 118.78 2.57 3.82 23.75 20.13 103.40

26 Indo Rama Synthetics (India) Ltd.Synthetic filament yarn other than sewing threads

2468.95 2524.66 1894.76 2261.04 89.56% 1662.57 1462.88 1.55 111.18 222.52 8.81% 13.51 11.38 90.41 83.87 20.77 24.50 3.47 2.70 29.28 14.96 103.90

27 Reid & Taylor (India) Ltd. Cloth (Fabrics) 653.17 983.58 372.74 686.12 69.76% 90.86 85.00 8.07 257.91 379.96 38.63% 135.40 144.86 47.84 29.59 82.40 58.04 15.11 18.74 61.42 79.77 106.10

28 Jaybharat Textiles & Real Estate Ltd. Cotton yarn 487.25 537.40 434.98 454.41 84.56% 257.26 365.07 1.24 72.22 77.89 14.49% 42.08 65.30 31.98 15.36 20.83 46.63 8.78 12.46 25.92 35.99 106.80

29 Shiva Texfabs Ltd. Acrylic filament yarn (AFY) 501.82 708.91 447.39 629.65 88.82% 265.49 321.09 1.96 48.91 105.08 14.82% 52.22 61.86 52.07 17.90 41.15 36.04 10.99 13.10 48.61 48.88 107.40

30 Krishna Knitwear Technology Ltd. Knitted fabrics 1837.77 2069.14 1677.10 1945.60 94.03% 838.48 931.05 2.09 162.80 158.56 7.66% 74.48 75.80 4.14 3.83 44.54 42.18 14.15 20.03 32.82 36.22 109.30

31 Lux Industries Ltd. Other garments, knitted or crocheted 295.37 336.43 197.25 293.81 87.33% 7.79 8.41 34.94 11.52 12.19 3.62% 71.01 67.81 63.36 41.68 19.50 15.67 33.43 23.56 49.83 37.69 109.60

32 Rupa & Co. Ltd. Apparels - knitted / crocheted 411.84 519.93 307.99 416.16 80.04% 48.25 56.17 7.41 31.66 45.55 8.76% 55.27 60.84 45.86 52.94 39.40 40.88 8.18 7.64 57.24 50.77 109.80

33 Sportking India Ltd. Acrylic filament yarn (AFY) 265.43 316.88 234.90 268.55 84.75% 110.38 111.55 2.41 10.91 39.33 12.41% 45.53 40.60 43.20 55.27 62.13 78.63 5.66 6.48 17.95 14.97 110.80

34 Siyaram Silk Mills Ltd. Cloth (Fabrics) 530.81 660.21 362.08 440.26 66.68% 205.00 200.64 2.19 50.65 81.22 12.30% 85.61 64.17 49.13 57.74 56.41 45.97 15.69 16.00 56.37 38.85 113.90

35 Nagreeka Exports Ltd. Cotton yarn 269.03 416.79 115.43 111.91 26.85% 93.70 86.87 1.29 10.85 20.26 4.86% 25.72 12.91 14.85 13.29 61.74 90.51 4.64 5.35 29.16 29.03 114.00

36 Maharaja Shree Umaid Mills Ltd. Cotton & blended yarn 302.85 322.59 262.88 277.85 86.13% 134.30 131.94 2.11 31.76 41.44 12.85% 17.84 21.97 19.41 16.87 90.80 104.34 8.05 7.53 20.47 14.79 115.20

37 Mandhana Industries Ltd. Cloth (Fabrics) 405.95 561.12 313.29 450.89 80.36% 319.67 365.07 1.24 84.72 110.51 19.69% 32.48 44.01 65.48 31.65 63.86 64.13 3.15 2.20 87.17 83.41 115.70

38 Indian Acrylics Ltd. Acrylic fibre 366.22 410.91 309.90 321.89 78.34% 160.09 143.42 2.24 -15.29 70.81 17.23% 31.24 23.96 124.94 115.56 102.86 81.95 6.14 5.79 15.92 15.93 116.60

39 Patspin India Ltd. Cotton yarn 216.02 330.31 168.14 245.03 74.18% 261.87 244.38 1.00 5.50 34.81 10.54% 20.38 13.44 73.25 45.48 69.82 66.80 6.48 5.42 35.30 23.85 117.00

40 Sumeet Industries Ltd. Polypropylene filament yarn (PPFY) 158.60 364.35 118.70 277.76 76.23% 42.16 185.93 1.49 14.29 28.84 7.92% 16.63 21.16 13.67 13.07 53.29 35.05 52.73 26.67 48.34 28.44 117.80

41 Nandan Exim Ltd. Denim 325.71 385.27 181.86 226.95 58.91% 201.35 196.76 1.15 54.15 67.44 17.50% 100.23 110.63 57.31 79.79 62.21 68.70 29.52 21.97 43.00 26.31 117.90

42 Sangam (India) Ltd.Yarn of synthetic staple fibres, excluding sewing thre

742.06 847.12 633.23 691.01 81.57% 611.05 564.40 1.22 77.15 135.62 16.01% 63.27 53.83 27.74 23.40 56.58 57.80 16.26 14.54 45.31 40.08 120.00

43 Nahar Spinning Mills Ltd. Cotton & blended yarn 998.80 1106.33 772.09 831.47 75.16% 648.76 647.12 1.28 88.99 190.61 17.23% 83.26 79.28 23.09 37.48 147.62 167.88 9.66 9.59 43.20 38.04 121.20

44 Bannari Amman Spinning Mills Ltd. Cotton yarn 285.74 354.43 224.94 266.04 75.06% 457.15 460.61 0.58 45.78 67.45 19.03% 21.08 24.68 56.65 27.99 152.20 121.61 6.64 6.58 30.28 27.74 121.90

45 Shri Lakshmi Cotsyn Ltd. Cloth (Fabrics) 1058.77 1374.85 910.19 1261.06 91.72% 435.95 432.00 2.92 158.18 171.30 12.46% 89.86 94.27 19.54 18.13 39.52 38.82 28.66 32.81 58.49 60.37 121.90

46 Chiripal Industries Ltd. Cloth (Fabrics) 474.62 571.08 392.87 490.33 85.86% 223.41 243.93 2.01 65.51 67.37 11.80% 52.09 49.86 66.29 50.33 51.77 45.93 25.33 19.88 43.43 32.30 125.50

47 Aarvee Denims & Exports Ltd. Denim 327.44 378.96 273.60 287.62 75.90% 303.19 287.35 1.00 39.35 67.31 17.76% 55.17 68.82 57.68 43.50 39.48 58.97 20.17 17.86 57.42 46.92 127.10

48 Trident Ltd. Terry towelling & similar woven terry fabrics 1397.94 1801.50 1022.65 1344.16 74.61% 1471.69 1542.11 0.87 111.00 367.07 20.38% 12.73 15.36 75.07 43.53 62.24 76.14 11.43 11.40 28.74 24.95 127.10

49 Precot Meridian Ltd. Cotton yarn 383.85 441.77 313.43 355.52 80.48% 233.22 204.31 1.74 36.07 57.29 12.97% 24.56 22.39 28.19 33.47 85.21 122.91 12.25 10.96 25.00 20.02 127.50

50 Gupta Synthetics Ltd. Textured yarn of synthetic filament yarn 238.58 344.43 214.45 327.82 95.18% 103.69 105.17 3.12 9.67 11.65 3.38% 112.01 88.75 58.75 41.21 16.78 8.62 54.43 32.42 91.16 61.34 128.00

51 Sutlej Textiles & Inds. Ltd.Synthetic filament yarn other than sewing threads

881.85 1181.49 713.04 895.54 75.80% 465.35 643.34 1.39 64.66 184.02 15.58% 30.84 26.19 22.72 18.78 75.26 73.02 14.96 13.50 54.43 41.13 128.30

52 Welspun India Ltd. Terry towelling & similar woven terry fabrics 1409.82 1926.56 990.32 1474.85 76.55% 1488.98 1506.85 0.98 280.46 440.50 22.86% 29.87 30.81 56.77 41.57 44.22 41.43 43.47 32.29 56.28 38.31 129.50

53 S Kumars Nationwide Ltd. Cloth (Fabrics) 1550.03 2154.44 1289.01 1717.50 79.72% 488.71 651.40 2.64 254.62 434.23 20.16% 170.74 158.28 35.37 48.37 59.95 53.98 31.37 27.05 96.65 90.58 130.10

54 Shri Ramalinga Mills Ltd. Cotton & blended yarn 250.75 306.04 209.44 228.29 74.59% 97.96 106.05 2.15 40.69 51.28 16.76% 88.53 88.01 61.90 54.64 195.38 252.78 16.17 14.18 60.78 39.12 130.30

55 Ginni Filaments Ltd. Cotton yarn 410.13 509.89 338.05 406.48 79.72% 358.15 333.42 1.22 8.15 63.05 12.37% 31.96 34.11 40.37 67.68 27.88 71.77 9.70 9.36 34.47 28.35 130.40

56 Raj Rayon Industries Ltd. Textured yarn of synthetic filament yarn 318.91 328.09 281.52 250.48 76.34% 134.83 156.21 1.60 15.55 29.90 9.11% 45.01 58.66 58.25 89.30 15.23 27.17 20.86 25.17 32.90 40.33 130.90

57 Provogue (India) Ltd. Apparels (Readymade garment) 350.74 474.12 183.10 199.50 42.08% 62.38 69.00 2.89 63.17 69.74 14.71% 84.56 88.19 56.26 52.63 214.31 244.14 7.92 5.77 145.44 121.29 131.30

58 Loyal Textile Mills Ltd. Cloth (Fabrics) 440.30 482.33 313.82 339.20 70.33% 304.16 265.02 1.28 49.38 72.12 14.95% 66.72 57.81 29.59 40.92 62.39 89.63 21.13 17.54 46.48 41.42 132.70

59 Banswara Syntex Ltd. Textiles 549.96 629.78 427.36 489.35 77.70% 324.46 338.06 1.45 72.94 104.02 16.52% 30.73 33.81 45.96 35.38 56.48 73.82 8.89 8.93 62.12 65.39 132.80

60 Supreme Tex Mart Ltd. Synthetic staple fibres, not carded or combed 311.67 365.57 230.61 312.44 85.47% 204.13 257.62 1.21 21.35 44.67 12.22% 47.41 38.44 84.55 74.41 46.66 84.50 8.05 5.49 33.38 35.94 133.60

61 Garware-Wall Ropes Ltd. Twine, cordage, rope & cables 437.82 448.75 306.77 330.59 73.67% 123.90 142.68 2.32 44.11 49.71 11.08% 95.72 98.25 87.65 113.01 52.84 49.17 23.06 18.74 74.34 70.34 135.10

www.industry20.com66 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 69: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

TEXTILESRank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

7 S E L Manufacturing Co. Ltd. Textiles 605.96 963.18 313.01 585.07 60.74% 306.30 467.80 1.25 128.91 175.86 18.26% 110.51 98.82 62.00 24.28 48.25 33.32 11.19 9.03 42.64 54.26 85.50

8 Welspun Syntex Ltd. Polyester filament yarn (PFY) 315.71 363.44 277.20 325.01 89.43% 99.62 91.00 3.57 15.17 28.04 7.72% 27.07 25.48 53.67 59.46 22.54 22.08 3.16 2.69 25.31 22.41 87.10

9 Garden Silk Mills Ltd. Polyester filament yarn (PFY) 1332.59 2507.49 1127.83 2247.67 89.64% 850.44 947.58 2.37 168.49 245.81 9.80% 23.10 13.32 33.96 39.30 28.71 23.20 1.31 0.97 38.96 26.27 87.60

10 Wellknown Polyesters Ltd. Textured yarn of synthetic filament yarn 357.53 657.42 295.58 606.47 92.25% 274.00 543.05 1.12 63.04 104.74 15.93% 22.97 17.57 15.27 15.23 14.22 13.55 6.12 5.61 23.90 26.26 88.40

11 G P I Textiles Ltd. Cotton yarn 234.99 430.54 209.89 363.29 84.38% 190.48 179.45 2.02 8.58 19.80 4.60% 22.41 8.37 109.97 71.41 14.91 11.67 5.80 3.71 15.86 9.13 89.20

12 Kurlon Ltd. Rubberised coir products & bonded fabrics 362.45 404.66 227.34 256.49 63.38% 52.91 66.36 3.87 33.55 41.56 10.27% 51.62 51.56 62.25 66.34 30.07 28.79 8.29 7.04 48.88 36.24 90.10

13 Grasim Industries Ltd. Viscose staple fibre (VSF) 10866.33 8221.75 6393.01 4336.26 52.74% 7088.28 1786.06 2.43 2863.79 3350.91 40.76% 19.09 18.50 61.51 16.79 85.96 100.68 6.13 6.76 17.83 15.57 91.00

14 Bhaskar Industries Ltd. Cloth (Fabrics) 188.67 301.05 164.93 250.42 83.18% 175.96 156.86 1.60 29.21 37.45 12.44% 137.72 103.38 35.66 30.23 75.75 45.97 10.37 7.87 48.38 29.85 91.40

15 K S L & Industries Ltd. Cloth (Fabrics) 841.84 1045.70 708.71 847.83 81.08% 1085.43 1172.43 0.72 160.82 169.40 16.20% 66.57 70.01 7.31 4.42 31.51 46.77 8.01 7.24 34.25 32.51 93.30

16 T T Ltd. Cotton & blended yarn 244.14 353.50 228.96 154.04 43.58% 166.81 206.38 0.75 -10.76 33.87 9.58% 34.45 25.22 33.17 16.22 38.89 52.15 2.67 4.46 18.80 22.42 93.90

17 Eskay K'N'It (India) Ltd. Cloth (Fabrics) 718.92 816.76 608.65 680.87 83.36% 295.32 294.02 2.32 120.05 109.36 13.39% 86.77 83.01 9.94 7.22 29.32 45.83 13.48 15.11 34.94 33.57 94.70

18 Century Enka Ltd. Polyester filament yarn (PFY) 1167.02 1231.34 974.86 1011.17 82.12% 665.36 610.04 1.66 112.07 230.04 18.68% 28.33 23.50 13.32 18.68 34.34 33.01 10.92 9.98 27.56 31.63 95.90

19 Aarti International Ltd. Cotton yarn 356.54 454.18 277.30 354.74 78.11% 293.84 277.22 1.28 46.59 69.35 15.27% 65.00 67.21 14.18 14.63 185.13 191.77 7.08 6.26 13.85 12.21 96.00

20 Vardhman Polytex Ltd. Cotton yarn 428.89 527.79 370.58 439.65 83.30% 287.83 256.32 1.72 56.59 35.95 6.81% 28.05 25.47 18.64 14.28 115.86 68.36 3.86 5.09 15.75 11.80 96.20

21 S R F Ltd. Nylon tyre cord fabric 1462.87 1924.34 1194.43 1454.50 75.58% 1379.65 1771.74 0.82 380.67 633.39 32.91% 53.06 50.38 65.85 77.93 49.77 42.80 12.61 9.30 23.49 20.89 96.80

22 K P R Mill Ltd. Cotton yarn 740.14 822.13 613.26 621.58 75.61% 820.58 768.99 0.81 110.00 165.18 20.09% 52.14 49.44 102.76 54.06 117.56 99.73 4.00 3.98 11.75 11.36 98.50

23 R S W M Ltd. Blended yarn 1372.33 1623.19 1124.36 1292.23 79.61% 859.70 796.82 1.62 87.98 235.56 14.51% 38.45 34.32 22.35 22.59 38.45 45.75 13.03 11.03 28.65 23.23 98.80

24 Tara Health Foods Ltd. Wool or animal hair carded or combed 195.06 340.61 164.58 307.28 90.21% 41.11 55.31 5.56 29.69 69.93 20.53% 40.56 56.75 18.34 16.55 113.52 102.42 3.56 1.73 20.09 43.61 99.10

25 Garg Acrylics Ltd. Cotton & blended yarn 250.01 337.33 162.98 212.23 62.91% 184.23 192.29 1.10 25.82 50.26 14.90% 31.51 37.00 54.46 34.71 79.41 118.78 2.57 3.82 23.75 20.13 103.40

26 Indo Rama Synthetics (India) Ltd.Synthetic filament yarn other than sewing threads

2468.95 2524.66 1894.76 2261.04 89.56% 1662.57 1462.88 1.55 111.18 222.52 8.81% 13.51 11.38 90.41 83.87 20.77 24.50 3.47 2.70 29.28 14.96 103.90

27 Reid & Taylor (India) Ltd. Cloth (Fabrics) 653.17 983.58 372.74 686.12 69.76% 90.86 85.00 8.07 257.91 379.96 38.63% 135.40 144.86 47.84 29.59 82.40 58.04 15.11 18.74 61.42 79.77 106.10

28 Jaybharat Textiles & Real Estate Ltd. Cotton yarn 487.25 537.40 434.98 454.41 84.56% 257.26 365.07 1.24 72.22 77.89 14.49% 42.08 65.30 31.98 15.36 20.83 46.63 8.78 12.46 25.92 35.99 106.80

29 Shiva Texfabs Ltd. Acrylic filament yarn (AFY) 501.82 708.91 447.39 629.65 88.82% 265.49 321.09 1.96 48.91 105.08 14.82% 52.22 61.86 52.07 17.90 41.15 36.04 10.99 13.10 48.61 48.88 107.40

30 Krishna Knitwear Technology Ltd. Knitted fabrics 1837.77 2069.14 1677.10 1945.60 94.03% 838.48 931.05 2.09 162.80 158.56 7.66% 74.48 75.80 4.14 3.83 44.54 42.18 14.15 20.03 32.82 36.22 109.30

31 Lux Industries Ltd. Other garments, knitted or crocheted 295.37 336.43 197.25 293.81 87.33% 7.79 8.41 34.94 11.52 12.19 3.62% 71.01 67.81 63.36 41.68 19.50 15.67 33.43 23.56 49.83 37.69 109.60

32 Rupa & Co. Ltd. Apparels - knitted / crocheted 411.84 519.93 307.99 416.16 80.04% 48.25 56.17 7.41 31.66 45.55 8.76% 55.27 60.84 45.86 52.94 39.40 40.88 8.18 7.64 57.24 50.77 109.80

33 Sportking India Ltd. Acrylic filament yarn (AFY) 265.43 316.88 234.90 268.55 84.75% 110.38 111.55 2.41 10.91 39.33 12.41% 45.53 40.60 43.20 55.27 62.13 78.63 5.66 6.48 17.95 14.97 110.80

34 Siyaram Silk Mills Ltd. Cloth (Fabrics) 530.81 660.21 362.08 440.26 66.68% 205.00 200.64 2.19 50.65 81.22 12.30% 85.61 64.17 49.13 57.74 56.41 45.97 15.69 16.00 56.37 38.85 113.90

35 Nagreeka Exports Ltd. Cotton yarn 269.03 416.79 115.43 111.91 26.85% 93.70 86.87 1.29 10.85 20.26 4.86% 25.72 12.91 14.85 13.29 61.74 90.51 4.64 5.35 29.16 29.03 114.00

36 Maharaja Shree Umaid Mills Ltd. Cotton & blended yarn 302.85 322.59 262.88 277.85 86.13% 134.30 131.94 2.11 31.76 41.44 12.85% 17.84 21.97 19.41 16.87 90.80 104.34 8.05 7.53 20.47 14.79 115.20

37 Mandhana Industries Ltd. Cloth (Fabrics) 405.95 561.12 313.29 450.89 80.36% 319.67 365.07 1.24 84.72 110.51 19.69% 32.48 44.01 65.48 31.65 63.86 64.13 3.15 2.20 87.17 83.41 115.70

38 Indian Acrylics Ltd. Acrylic fibre 366.22 410.91 309.90 321.89 78.34% 160.09 143.42 2.24 -15.29 70.81 17.23% 31.24 23.96 124.94 115.56 102.86 81.95 6.14 5.79 15.92 15.93 116.60

39 Patspin India Ltd. Cotton yarn 216.02 330.31 168.14 245.03 74.18% 261.87 244.38 1.00 5.50 34.81 10.54% 20.38 13.44 73.25 45.48 69.82 66.80 6.48 5.42 35.30 23.85 117.00

40 Sumeet Industries Ltd. Polypropylene filament yarn (PPFY) 158.60 364.35 118.70 277.76 76.23% 42.16 185.93 1.49 14.29 28.84 7.92% 16.63 21.16 13.67 13.07 53.29 35.05 52.73 26.67 48.34 28.44 117.80

41 Nandan Exim Ltd. Denim 325.71 385.27 181.86 226.95 58.91% 201.35 196.76 1.15 54.15 67.44 17.50% 100.23 110.63 57.31 79.79 62.21 68.70 29.52 21.97 43.00 26.31 117.90

42 Sangam (India) Ltd.Yarn of synthetic staple fibres, excluding sewing thre

742.06 847.12 633.23 691.01 81.57% 611.05 564.40 1.22 77.15 135.62 16.01% 63.27 53.83 27.74 23.40 56.58 57.80 16.26 14.54 45.31 40.08 120.00

43 Nahar Spinning Mills Ltd. Cotton & blended yarn 998.80 1106.33 772.09 831.47 75.16% 648.76 647.12 1.28 88.99 190.61 17.23% 83.26 79.28 23.09 37.48 147.62 167.88 9.66 9.59 43.20 38.04 121.20

44 Bannari Amman Spinning Mills Ltd. Cotton yarn 285.74 354.43 224.94 266.04 75.06% 457.15 460.61 0.58 45.78 67.45 19.03% 21.08 24.68 56.65 27.99 152.20 121.61 6.64 6.58 30.28 27.74 121.90

45 Shri Lakshmi Cotsyn Ltd. Cloth (Fabrics) 1058.77 1374.85 910.19 1261.06 91.72% 435.95 432.00 2.92 158.18 171.30 12.46% 89.86 94.27 19.54 18.13 39.52 38.82 28.66 32.81 58.49 60.37 121.90

46 Chiripal Industries Ltd. Cloth (Fabrics) 474.62 571.08 392.87 490.33 85.86% 223.41 243.93 2.01 65.51 67.37 11.80% 52.09 49.86 66.29 50.33 51.77 45.93 25.33 19.88 43.43 32.30 125.50

47 Aarvee Denims & Exports Ltd. Denim 327.44 378.96 273.60 287.62 75.90% 303.19 287.35 1.00 39.35 67.31 17.76% 55.17 68.82 57.68 43.50 39.48 58.97 20.17 17.86 57.42 46.92 127.10

48 Trident Ltd. Terry towelling & similar woven terry fabrics 1397.94 1801.50 1022.65 1344.16 74.61% 1471.69 1542.11 0.87 111.00 367.07 20.38% 12.73 15.36 75.07 43.53 62.24 76.14 11.43 11.40 28.74 24.95 127.10

49 Precot Meridian Ltd. Cotton yarn 383.85 441.77 313.43 355.52 80.48% 233.22 204.31 1.74 36.07 57.29 12.97% 24.56 22.39 28.19 33.47 85.21 122.91 12.25 10.96 25.00 20.02 127.50

50 Gupta Synthetics Ltd. Textured yarn of synthetic filament yarn 238.58 344.43 214.45 327.82 95.18% 103.69 105.17 3.12 9.67 11.65 3.38% 112.01 88.75 58.75 41.21 16.78 8.62 54.43 32.42 91.16 61.34 128.00

51 Sutlej Textiles & Inds. Ltd.Synthetic filament yarn other than sewing threads

881.85 1181.49 713.04 895.54 75.80% 465.35 643.34 1.39 64.66 184.02 15.58% 30.84 26.19 22.72 18.78 75.26 73.02 14.96 13.50 54.43 41.13 128.30

52 Welspun India Ltd. Terry towelling & similar woven terry fabrics 1409.82 1926.56 990.32 1474.85 76.55% 1488.98 1506.85 0.98 280.46 440.50 22.86% 29.87 30.81 56.77 41.57 44.22 41.43 43.47 32.29 56.28 38.31 129.50

53 S Kumars Nationwide Ltd. Cloth (Fabrics) 1550.03 2154.44 1289.01 1717.50 79.72% 488.71 651.40 2.64 254.62 434.23 20.16% 170.74 158.28 35.37 48.37 59.95 53.98 31.37 27.05 96.65 90.58 130.10

54 Shri Ramalinga Mills Ltd. Cotton & blended yarn 250.75 306.04 209.44 228.29 74.59% 97.96 106.05 2.15 40.69 51.28 16.76% 88.53 88.01 61.90 54.64 195.38 252.78 16.17 14.18 60.78 39.12 130.30

55 Ginni Filaments Ltd. Cotton yarn 410.13 509.89 338.05 406.48 79.72% 358.15 333.42 1.22 8.15 63.05 12.37% 31.96 34.11 40.37 67.68 27.88 71.77 9.70 9.36 34.47 28.35 130.40

56 Raj Rayon Industries Ltd. Textured yarn of synthetic filament yarn 318.91 328.09 281.52 250.48 76.34% 134.83 156.21 1.60 15.55 29.90 9.11% 45.01 58.66 58.25 89.30 15.23 27.17 20.86 25.17 32.90 40.33 130.90

57 Provogue (India) Ltd. Apparels (Readymade garment) 350.74 474.12 183.10 199.50 42.08% 62.38 69.00 2.89 63.17 69.74 14.71% 84.56 88.19 56.26 52.63 214.31 244.14 7.92 5.77 145.44 121.29 131.30

58 Loyal Textile Mills Ltd. Cloth (Fabrics) 440.30 482.33 313.82 339.20 70.33% 304.16 265.02 1.28 49.38 72.12 14.95% 66.72 57.81 29.59 40.92 62.39 89.63 21.13 17.54 46.48 41.42 132.70

59 Banswara Syntex Ltd. Textiles 549.96 629.78 427.36 489.35 77.70% 324.46 338.06 1.45 72.94 104.02 16.52% 30.73 33.81 45.96 35.38 56.48 73.82 8.89 8.93 62.12 65.39 132.80

60 Supreme Tex Mart Ltd. Synthetic staple fibres, not carded or combed 311.67 365.57 230.61 312.44 85.47% 204.13 257.62 1.21 21.35 44.67 12.22% 47.41 38.44 84.55 74.41 46.66 84.50 8.05 5.49 33.38 35.94 133.60

61 Garware-Wall Ropes Ltd. Twine, cordage, rope & cables 437.82 448.75 306.77 330.59 73.67% 123.90 142.68 2.32 44.11 49.71 11.08% 95.72 98.25 87.65 113.01 52.84 49.17 23.06 18.74 74.34 70.34 135.10

industry 2.0 - technology management for decision-makers | march 2012 67

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Page 70: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

62 National Textile Corpn. Ltd. Cotton & blended yarn 411.90 486.05 519.56 572.47 117.78% 499.23 496.31 1.15 4281.87 195.45 40.21% 49.73 40.53 356.40 399.43 40.83 44.66 11.00 10.53 57.66 43.29 136.40

63 Pearl Global Ltd. [Merged] Apparels (Readymade garment) 415.15 556.72 203.31 318.83 57.27% 99.22 98.44 3.24 15.95 32.82 5.90% 52.64 44.62 104.33 65.82 109.49 90.99 10.51 11.68 39.33 43.40 138.30

64 Suryalakshmi Cotton Mills Ltd. Cloth (Fabrics) 360.60 416.72 316.54 345.47 82.90% 247.85 234.65 1.47 25.79 48.78 11.71% 52.79 49.36 35.94 49.15 45.31 44.87 24.04 22.22 53.71 48.73 140.50

65 Super Spinning Mills Ltd. Cotton & blended yarn 366.02 384.97 306.19 301.37 78.28% 191.46 167.11 1.80 17.39 44.72 11.62% 26.68 20.73 76.20 80.49 91.76 65.30 16.29 14.12 45.61 30.22 141.10

66 Pradip Overseas Ltd. Cloth processed 1173.98 1609.43 850.54 1280.08 79.54% 59.28 78.76 16.25 110.83 156.88 9.75% 56.02 55.80 68.24 60.36 62.49 72.73 21.18 27.06 33.86 40.25 141.80

67 Flexituff International Ltd. Other textile articles 266.03 327.44 204.68 265.84 81.19% 213.02 239.45 1.11 25.50 41.18 12.58% 40.30 40.00 75.67 79.80 29.69 35.69 14.65 22.46 32.93 41.48 142.60

68 Malwa Cotton Spg. Mills Ltd. Cotton yarn 458.58 432.11 421.91 405.41 93.82% 69.85 64.84 6.25 -7.44 13.09 3.03% 101.53 113.06 74.79 76.12 26.89 27.99 22.10 28.38 83.68 89.56 143.00

69 Vardhman Textiles Ltd. Cotton yarn 2455.42 2741.98 1980.66 2127.47 77.59% 2181.86 2182.38 0.97 533.12 625.68 22.82% 40.42 44.48 39.61 38.48 120.66 141.51 12.60 11.49 48.49 48.23 143.20

70 Alok Industries Ltd. Cloth (Fabrics) 3111.41 4440.90 2243.82 2662.49 59.95% 3825.59 6205.86 0.43 1030.77 1424.81 32.08% 86.76 80.49 58.17 43.33 43.08 43.99 70.79 98.73 105.93 120.60 143.20

71 Nahar Industrial Enterprises Ltd. Cotton yarn 1003.10 1018.24 785.70 797.24 78.30% 633.09 585.61 1.36 136.72 154.30 15.15% 44.17 48.41 34.78 31.92 92.80 122.32 11.24 11.07 87.10 66.58 144.20

72 Vardhman Yarns & Threads Ltd. cotton yarn & sewing threads 347.50 389.12 233.77 271.58 69.79% 202.06 202.03 1.34 72.55 83.54 21.47% 36.30 62.86 41.62 40.87 38.53 85.52 19.81 34.76 37.90 69.94 145.50

73 Raymond Apparel Ltd. [Merged] Apparels (Readymade garment) 421.80 406.70 233.02 227.38 55.91% 38.30 28.10 8.09 35.10 49.54 12.18% 43.07 46.49 55.45 51.97 118.77 111.69 16.72 13.41 106.79 101.50 146.70

74 Raymond Ltd. Woven fabrics of wool 1418.69 1385.34 932.04 857.32 61.89% 999.04 940.42 0.91 -110.67 249.67 18.02% 76.62 79.97 89.77 86.96 39.81 43.56 38.79 38.22 109.36 99.20 149.80

75 Arvind Ltd. Cloth (Fabrics) 2369.53 2301.62 1629.69 1809.64 78.62% 2042.29 1918.11 0.94 264.44 352.33 15.31% 47.91 61.51 78.50 79.13 62.03 39.26 40.23 40.67 87.25 75.83 153.30

76 Oswal Woollen Mills Ltd. Wool & woollen textiles 538.22 629.98 311.00 326.37 51.81% 204.63 217.72 1.50 84.24 125.67 19.95% 46.90 49.24 69.66 88.74 105.36 128.97 20.58 19.76 58.70 60.44 155.70

77 Gokaldas Exports Ltd. Apparels (Readymade garment) 1167.15 1146.62 1020.11 1049.16 91.50% 235.38 232.86 4.51 72.15 63.94 5.58% 23.31 26.35 29.67 26.63 172.93 143.58 18.61 17.04 44.74 47.77 161.20

78 Koutons Retail India Ltd. Apparels (Readymade garment) 1039.08 1196.43 533.67 506.40 42.33% 113.72 106.22 4.77 210.25 226.46 18.93% 17.57 32.60 59.84 54.65 69.08 73.95 143.64 125.10 362.39 329.04 164.10

79 Page Industries Ltd. Apparels (Readymade garment) 256.63 341.30 165.67 219.27 64.25% 54.99 77.56 2.83 57.34 71.20 20.86% 18.15 19.58 74.48 80.53 86.18 107.35 17.65 21.47 87.46 74.70 164.20

80 Gokak Textiles Ltd. Cotton yarn 268.21 315.69 239.61 262.83 83.26% 172.56 165.60 1.59 4.93 20.43 6.47% 44.61 37.76 96.26 81.73 80.61 64.45 14.46 16.09 79.12 72.46 166.60

81 Bombay Rayon Fashions Ltd. Cloth (Fabrics) 1342.40 1614.77 1027.14 1291.82 80.00% 857.74 1925.92 0.67 325.88 402.86 24.95% 69.68 77.75 39.02 46.67 74.37 87.28 38.86 54.22 87.76 109.04 167.00

82 Murlidhar Ratanlal Exports Ltd. Jute & jute products 231.03 308.70 225.80 347.07 112.43% 40.50 70.92 4.89 9.95 11.47 3.72% 15.99 16.12 146.90 176.02 54.60 56.42 5.87 6.91 69.65 110.47 167.60

83 Indo Count Inds. Ltd. Cloth (Fabrics) 287.63 388.28 225.70 374.46 96.44% 402.21 388.98 0.96 -31.29 15.12 3.89% 37.01 33.23 45.47 126.99 36.15 18.21 32.71 28.18 53.90 50.54 168.70

84 Mudra Lifestyle Ltd. Cloth (Fabrics) 306.79 362.67 260.88 341.04 94.04% 235.46 303.68 1.12 40.98 54.05 14.90% 93.50 88.42 91.79 111.33 54.99 56.91 34.73 26.70 101.96 112.74 170.30

85 Orient Craft Ltd. Apparels (Readymade garment) 860.47 937.48 711.30 708.60 75.59% 163.20 169.78 4.17 -8.64 105.55 11.26% 63.02 64.62 90.95 80.09 146.13 154.00 60.89 53.57 82.55 73.96 172.40

86 Hanung Toys & Textiles Ltd. Other textile articles 648.59 847.62 596.28 696.92 82.22% 257.96 349.64 1.99 113.32 155.90 18.39% 67.77 61.35 55.67 51.54 97.11 123.88 45.98 60.27 97.96 112.10 174.40

87 Eastern Silk Inds. Ltd. Silk & silk textiles 518.33 554.03 156.31 267.32 48.25% 163.88 165.23 1.62 59.75 47.51 8.58% 78.14 51.55 65.33 77.49 257.43 131.13 34.16 20.39 109.58 133.69 175.40

88 J C T Ltd. Cloth (Fabrics) 549.40 561.93 494.62 505.40 89.94% 514.17 511.59 0.99 26.02 25.36 4.51% 27.57 24.83 100.49 123.28 47.53 42.31 26.59 24.92 62.63 61.07 177.50

89 Arvind Products Ltd. Cloth (Fabrics) 386.48 473.73 325.10 398.60 84.14% 267.49 236.81 1.68 38.79 51.14 10.80% 22.32 23.72 127.60 166.24 58.37 45.02 61.26 55.84 86.31 81.82 180.90

90 Futura Polyesters Ltd. Polyester staple fibre (PSF) 380.98 379.18 337.33 357.35 94.24% 364.13 366.37 0.98 32.96 31.44 8.29% 34.90 32.57 115.28 117.15 90.62 73.24 20.20 20.78 52.83 43.59 182.50

91 Himatsingka Seide Ltd. Woven fabrics of silk 407.88 481.36 328.95 408.07 84.77% 464.38 496.12 0.82 34.68 94.59 19.65% 50.55 40.61 66.03 94.24 56.18 63.35 69.14 82.34 84.21 97.09 183.40

T Y R E S & T U B E S A N D R U B B E R P R O D U C T S

1 Falcon Tyres Ltd. Tyres 788.43 790.39 501.57 511.63 64.73% 183.98 184.99 2.77 64.18 89.78 11.36% 41.49 45.01 38.63 56.76 19.11 23.52 1.54 2.03 7.42 15.53 10.10

2 Goodyear India Ltd. Tyres 921.30 1016.37 559.26 525.55 51.71% 115.24 120.32 4.37 66.54 127.44 12.54% 43.14 35.14 57.77 83.56 24.90 25.78 0.68 1.34 16.39 14.27 11.10

3 Ralson (India) Ltd. Cycle tyres 471.89 484.09 401.88 392.19 81.02% 47.56 43.96 8.92 34.96 52.70 10.89% 58.53 56.81 55.26 58.77 25.84 28.68 2.47 4.08 18.94 16.19 15.90

4 Fenner (India) Ltd. V belt 270.51 321.53 162.55 189.76 59.02% 113.95 157.13 1.21 53.97 81.79 25.44% 65.13 57.94 97.72 91.60 32.89 25.74 4.64 3.98 26.70 23.56 16.60

5 Apollo Tyres Ltd. Tyres 4084.79 5038.28 3250.38 3657.78 72.60% 1143.35 1610.22 2.27 345.50 799.62 15.87% 10.08 7.86 39.24 53.32 25.07 25.69 2.93 3.45 29.19 25.74 16.80

6 Balkrishna Industries Ltd. Tyres 1251.47 1390.40 871.97 869.42 62.53% 534.57 614.89 1.41 196.99 396.73 28.53% 59.90 59.78 28.77 39.92 49.38 55.15 7.00 7.65 21.46 21.16 19.40

7 Govind Rubber Ltd. Cycle tyres 259.53 301.12 195.17 198.38 65.88% 31.23 33.01 6.01 16.11 16.09 5.34% 113.28 101.83 93.27 82.52 29.59 27.89 8.59 6.35 59.19 34.36 19.90

8 Ceat Ltd. Tyres 2377.23 2815.33 2049.48 2124.54 75.46% 775.37 768.93 2.76 70.17 322.72 11.46% 43.87 42.52 93.89 131.17 30.45 36.34 3.50 2.38 23.58 22.90 20.60

9 J K Tyre & Inds. Ltd. Tyres 4965.92 3696.41 4000.34 2752.06 74.45% 1168.88 1352.77 2.03 316.68 423.90 11.47% 29.41 42.90 52.51 101.89 16.07 33.24 2.26 3.14 22.92 28.51 21.50

10 Metro Tyres Ltd. Tyres & tubes 445.65 413.94 338.79 297.66 71.91% 33.02 31.49 9.45 26.88 21.26 5.14% 70.39 67.23 59.45 42.86 33.11 43.93 5.05 5.65 62.08 46.35 21.70

11 T V S Srichakra Ltd. Tyres 577.08 701.89 471.55 532.36 75.85% 71.53 112.15 4.75 41.59 70.77 10.08% 54.17 54.50 30.21 86.93 48.78 71.97 3.89 5.58 21.11 18.05 21.80

12 M R F Ltd. Tyres 5659.65 7442.82 4260.81 6171.33 82.92% 933.56 1328.91 4.64 705.32 857.68 11.52% 35.39 31.51 67.21 58.94 41.39 34.43 9.66 7.23 32.78 22.92 23.00

13 H L L Lifecare Ltd. Sheath contraceptives 376.47 447.86 211.46 230.84 51.54% 72.89 122.47 1.88 34.35 45.10 10.07% 127.08 103.66 167.55 138.62 82.66 83.56 9.78 7.45 38.13 36.45 27.30

W I R E S & C A B L E S

1 Ram Ratna Wires Ltd. Copper winding wires 303.52 405.33 282.33 381.87 94.21% 29.64 30.53 12.51 11.47 27.00 6.66% 48.22 44.99 11.17 10.36 2.24 2.26 2.44 3.08 8.68 9.02 10.80

2 R R Kabel Ltd. Cables & other conductors 422.08 426.47 349.12 370.20 86.81% 48.39 49.35 7.50 36.68 48.12 11.28% 47.44 57.85 7.97 10.35 3.85 5.51 8.97 6.40 26.30 25.69 12.60

3 Sterlite Technologies Ltd. Power cables with aluminium 2288.73 2429.46 1862.80 1894.18 77.97% 545.32 626.43 3.02 199.63 383.87 15.80% 84.98 90.76 83.11 97.11 20.01 18.00 6.44 5.62 12.39 9.89 13.00

4 T V S Interconnect Systems Ltd. Wires & cables, nec 385.49 385.49 217.76 217.76 56.49% 11.50 11.50 18.94 26.08 26.08 6.77% 64.98 64.98 98.13 98.13 18.78 18.78 0.08 0.08 15.14 15.14 14.20

5 Precision Wires India Ltd. Copper winding wires 537.05 630.18 496.17 559.62 88.80% 132.04 127.46 4.39 16.32 48.79 7.74% 56.34 56.57 45.38 64.87 16.83 11.11 9.44 5.96 19.19 12.55 14.60

6 Havells India Ltd. Wires & cables, insulated 2198.27 2465.74 1325.09 1603.05 65.01% 449.69 571.54 2.80 204.52 319.54 12.96% 12.23 12.03 65.38 62.15 29.86 24.30 5.37 5.55 50.72 37.44 18.00

7 Finolex Cables Ltd. Cables & other conductors 1352.14 1615.21 1073.70 1374.23 85.08% 415.62 418.76 3.28 38.68 143.29 8.87% 20.40 13.98 44.56 40.32 17.36 13.17 17.89 12.22 44.83 37.73 19.20

8 Hindusthan Vidyut Products Ltd. Cables & other conductors 286.89 500.12 243.55 425.38 85.06% 134.94 146.31 2.91 39.50 63.13 12.62% 90.51 64.05 95.89 69.74 42.18 32.08 16.31 11.27 44.96 36.84 19.50

9 Diamond Power Infrastructure Ltd. Cables & other conductors 567.52 584.07 538.67 516.89 88.50% 52.85 95.60 5.41 86.15 101.20 17.33% 51.68 68.36 31.52 79.23 6.83 11.19 25.18 77.91 76.31 114.14 19.50

10 Universal Cables Ltd. Cables & other conductors 590.45 496.89 430.08 396.45 79.79% 143.47 136.96 2.89 48.03 66.10 13.30% 60.98 79.59 60.93 57.68 40.89 43.19 20.30 22.59 48.74 50.07 20.30

11 Kei Industries Ltd. Cables & other conductors 980.82 908.96 835.85 822.01 90.43% 272.73 265.44 3.10 52.82 70.13 7.72% 87.80 95.71 72.93 92.07 13.55 11.87 34.88 38.25 69.29 70.96 21.20

12 Paramount Communications Ltd. Jelly filled cables 457.80 344.32 393.84 324.28 94.18% 154.53 159.63 2.03 12.09 42.43 12.32% 102.73 140.25 74.33 129.89 34.73 51.40 68.07 85.01 144.00 171.05 27.70

www.industry20.com68 march 2012 | industry 2.0 - technology management for decision-makers

supply chain metricssupply chain metrics

Page 71: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

62 National Textile Corpn. Ltd. Cotton & blended yarn 411.90 486.05 519.56 572.47 117.78% 499.23 496.31 1.15 4281.87 195.45 40.21% 49.73 40.53 356.40 399.43 40.83 44.66 11.00 10.53 57.66 43.29 136.40

63 Pearl Global Ltd. [Merged] Apparels (Readymade garment) 415.15 556.72 203.31 318.83 57.27% 99.22 98.44 3.24 15.95 32.82 5.90% 52.64 44.62 104.33 65.82 109.49 90.99 10.51 11.68 39.33 43.40 138.30

64 Suryalakshmi Cotton Mills Ltd. Cloth (Fabrics) 360.60 416.72 316.54 345.47 82.90% 247.85 234.65 1.47 25.79 48.78 11.71% 52.79 49.36 35.94 49.15 45.31 44.87 24.04 22.22 53.71 48.73 140.50

65 Super Spinning Mills Ltd. Cotton & blended yarn 366.02 384.97 306.19 301.37 78.28% 191.46 167.11 1.80 17.39 44.72 11.62% 26.68 20.73 76.20 80.49 91.76 65.30 16.29 14.12 45.61 30.22 141.10

66 Pradip Overseas Ltd. Cloth processed 1173.98 1609.43 850.54 1280.08 79.54% 59.28 78.76 16.25 110.83 156.88 9.75% 56.02 55.80 68.24 60.36 62.49 72.73 21.18 27.06 33.86 40.25 141.80

67 Flexituff International Ltd. Other textile articles 266.03 327.44 204.68 265.84 81.19% 213.02 239.45 1.11 25.50 41.18 12.58% 40.30 40.00 75.67 79.80 29.69 35.69 14.65 22.46 32.93 41.48 142.60

68 Malwa Cotton Spg. Mills Ltd. Cotton yarn 458.58 432.11 421.91 405.41 93.82% 69.85 64.84 6.25 -7.44 13.09 3.03% 101.53 113.06 74.79 76.12 26.89 27.99 22.10 28.38 83.68 89.56 143.00

69 Vardhman Textiles Ltd. Cotton yarn 2455.42 2741.98 1980.66 2127.47 77.59% 2181.86 2182.38 0.97 533.12 625.68 22.82% 40.42 44.48 39.61 38.48 120.66 141.51 12.60 11.49 48.49 48.23 143.20

70 Alok Industries Ltd. Cloth (Fabrics) 3111.41 4440.90 2243.82 2662.49 59.95% 3825.59 6205.86 0.43 1030.77 1424.81 32.08% 86.76 80.49 58.17 43.33 43.08 43.99 70.79 98.73 105.93 120.60 143.20

71 Nahar Industrial Enterprises Ltd. Cotton yarn 1003.10 1018.24 785.70 797.24 78.30% 633.09 585.61 1.36 136.72 154.30 15.15% 44.17 48.41 34.78 31.92 92.80 122.32 11.24 11.07 87.10 66.58 144.20

72 Vardhman Yarns & Threads Ltd. cotton yarn & sewing threads 347.50 389.12 233.77 271.58 69.79% 202.06 202.03 1.34 72.55 83.54 21.47% 36.30 62.86 41.62 40.87 38.53 85.52 19.81 34.76 37.90 69.94 145.50

73 Raymond Apparel Ltd. [Merged] Apparels (Readymade garment) 421.80 406.70 233.02 227.38 55.91% 38.30 28.10 8.09 35.10 49.54 12.18% 43.07 46.49 55.45 51.97 118.77 111.69 16.72 13.41 106.79 101.50 146.70

74 Raymond Ltd. Woven fabrics of wool 1418.69 1385.34 932.04 857.32 61.89% 999.04 940.42 0.91 -110.67 249.67 18.02% 76.62 79.97 89.77 86.96 39.81 43.56 38.79 38.22 109.36 99.20 149.80

75 Arvind Ltd. Cloth (Fabrics) 2369.53 2301.62 1629.69 1809.64 78.62% 2042.29 1918.11 0.94 264.44 352.33 15.31% 47.91 61.51 78.50 79.13 62.03 39.26 40.23 40.67 87.25 75.83 153.30

76 Oswal Woollen Mills Ltd. Wool & woollen textiles 538.22 629.98 311.00 326.37 51.81% 204.63 217.72 1.50 84.24 125.67 19.95% 46.90 49.24 69.66 88.74 105.36 128.97 20.58 19.76 58.70 60.44 155.70

77 Gokaldas Exports Ltd. Apparels (Readymade garment) 1167.15 1146.62 1020.11 1049.16 91.50% 235.38 232.86 4.51 72.15 63.94 5.58% 23.31 26.35 29.67 26.63 172.93 143.58 18.61 17.04 44.74 47.77 161.20

78 Koutons Retail India Ltd. Apparels (Readymade garment) 1039.08 1196.43 533.67 506.40 42.33% 113.72 106.22 4.77 210.25 226.46 18.93% 17.57 32.60 59.84 54.65 69.08 73.95 143.64 125.10 362.39 329.04 164.10

79 Page Industries Ltd. Apparels (Readymade garment) 256.63 341.30 165.67 219.27 64.25% 54.99 77.56 2.83 57.34 71.20 20.86% 18.15 19.58 74.48 80.53 86.18 107.35 17.65 21.47 87.46 74.70 164.20

80 Gokak Textiles Ltd. Cotton yarn 268.21 315.69 239.61 262.83 83.26% 172.56 165.60 1.59 4.93 20.43 6.47% 44.61 37.76 96.26 81.73 80.61 64.45 14.46 16.09 79.12 72.46 166.60

81 Bombay Rayon Fashions Ltd. Cloth (Fabrics) 1342.40 1614.77 1027.14 1291.82 80.00% 857.74 1925.92 0.67 325.88 402.86 24.95% 69.68 77.75 39.02 46.67 74.37 87.28 38.86 54.22 87.76 109.04 167.00

82 Murlidhar Ratanlal Exports Ltd. Jute & jute products 231.03 308.70 225.80 347.07 112.43% 40.50 70.92 4.89 9.95 11.47 3.72% 15.99 16.12 146.90 176.02 54.60 56.42 5.87 6.91 69.65 110.47 167.60

83 Indo Count Inds. Ltd. Cloth (Fabrics) 287.63 388.28 225.70 374.46 96.44% 402.21 388.98 0.96 -31.29 15.12 3.89% 37.01 33.23 45.47 126.99 36.15 18.21 32.71 28.18 53.90 50.54 168.70

84 Mudra Lifestyle Ltd. Cloth (Fabrics) 306.79 362.67 260.88 341.04 94.04% 235.46 303.68 1.12 40.98 54.05 14.90% 93.50 88.42 91.79 111.33 54.99 56.91 34.73 26.70 101.96 112.74 170.30

85 Orient Craft Ltd. Apparels (Readymade garment) 860.47 937.48 711.30 708.60 75.59% 163.20 169.78 4.17 -8.64 105.55 11.26% 63.02 64.62 90.95 80.09 146.13 154.00 60.89 53.57 82.55 73.96 172.40

86 Hanung Toys & Textiles Ltd. Other textile articles 648.59 847.62 596.28 696.92 82.22% 257.96 349.64 1.99 113.32 155.90 18.39% 67.77 61.35 55.67 51.54 97.11 123.88 45.98 60.27 97.96 112.10 174.40

87 Eastern Silk Inds. Ltd. Silk & silk textiles 518.33 554.03 156.31 267.32 48.25% 163.88 165.23 1.62 59.75 47.51 8.58% 78.14 51.55 65.33 77.49 257.43 131.13 34.16 20.39 109.58 133.69 175.40

88 J C T Ltd. Cloth (Fabrics) 549.40 561.93 494.62 505.40 89.94% 514.17 511.59 0.99 26.02 25.36 4.51% 27.57 24.83 100.49 123.28 47.53 42.31 26.59 24.92 62.63 61.07 177.50

89 Arvind Products Ltd. Cloth (Fabrics) 386.48 473.73 325.10 398.60 84.14% 267.49 236.81 1.68 38.79 51.14 10.80% 22.32 23.72 127.60 166.24 58.37 45.02 61.26 55.84 86.31 81.82 180.90

90 Futura Polyesters Ltd. Polyester staple fibre (PSF) 380.98 379.18 337.33 357.35 94.24% 364.13 366.37 0.98 32.96 31.44 8.29% 34.90 32.57 115.28 117.15 90.62 73.24 20.20 20.78 52.83 43.59 182.50

91 Himatsingka Seide Ltd. Woven fabrics of silk 407.88 481.36 328.95 408.07 84.77% 464.38 496.12 0.82 34.68 94.59 19.65% 50.55 40.61 66.03 94.24 56.18 63.35 69.14 82.34 84.21 97.09 183.40

T Y R E S & T U B E S A N D R U B B E R P R O D U C T S

1 Falcon Tyres Ltd. Tyres 788.43 790.39 501.57 511.63 64.73% 183.98 184.99 2.77 64.18 89.78 11.36% 41.49 45.01 38.63 56.76 19.11 23.52 1.54 2.03 7.42 15.53 10.10

2 Goodyear India Ltd. Tyres 921.30 1016.37 559.26 525.55 51.71% 115.24 120.32 4.37 66.54 127.44 12.54% 43.14 35.14 57.77 83.56 24.90 25.78 0.68 1.34 16.39 14.27 11.10

3 Ralson (India) Ltd. Cycle tyres 471.89 484.09 401.88 392.19 81.02% 47.56 43.96 8.92 34.96 52.70 10.89% 58.53 56.81 55.26 58.77 25.84 28.68 2.47 4.08 18.94 16.19 15.90

4 Fenner (India) Ltd. V belt 270.51 321.53 162.55 189.76 59.02% 113.95 157.13 1.21 53.97 81.79 25.44% 65.13 57.94 97.72 91.60 32.89 25.74 4.64 3.98 26.70 23.56 16.60

5 Apollo Tyres Ltd. Tyres 4084.79 5038.28 3250.38 3657.78 72.60% 1143.35 1610.22 2.27 345.50 799.62 15.87% 10.08 7.86 39.24 53.32 25.07 25.69 2.93 3.45 29.19 25.74 16.80

6 Balkrishna Industries Ltd. Tyres 1251.47 1390.40 871.97 869.42 62.53% 534.57 614.89 1.41 196.99 396.73 28.53% 59.90 59.78 28.77 39.92 49.38 55.15 7.00 7.65 21.46 21.16 19.40

7 Govind Rubber Ltd. Cycle tyres 259.53 301.12 195.17 198.38 65.88% 31.23 33.01 6.01 16.11 16.09 5.34% 113.28 101.83 93.27 82.52 29.59 27.89 8.59 6.35 59.19 34.36 19.90

8 Ceat Ltd. Tyres 2377.23 2815.33 2049.48 2124.54 75.46% 775.37 768.93 2.76 70.17 322.72 11.46% 43.87 42.52 93.89 131.17 30.45 36.34 3.50 2.38 23.58 22.90 20.60

9 J K Tyre & Inds. Ltd. Tyres 4965.92 3696.41 4000.34 2752.06 74.45% 1168.88 1352.77 2.03 316.68 423.90 11.47% 29.41 42.90 52.51 101.89 16.07 33.24 2.26 3.14 22.92 28.51 21.50

10 Metro Tyres Ltd. Tyres & tubes 445.65 413.94 338.79 297.66 71.91% 33.02 31.49 9.45 26.88 21.26 5.14% 70.39 67.23 59.45 42.86 33.11 43.93 5.05 5.65 62.08 46.35 21.70

11 T V S Srichakra Ltd. Tyres 577.08 701.89 471.55 532.36 75.85% 71.53 112.15 4.75 41.59 70.77 10.08% 54.17 54.50 30.21 86.93 48.78 71.97 3.89 5.58 21.11 18.05 21.80

12 M R F Ltd. Tyres 5659.65 7442.82 4260.81 6171.33 82.92% 933.56 1328.91 4.64 705.32 857.68 11.52% 35.39 31.51 67.21 58.94 41.39 34.43 9.66 7.23 32.78 22.92 23.00

13 H L L Lifecare Ltd. Sheath contraceptives 376.47 447.86 211.46 230.84 51.54% 72.89 122.47 1.88 34.35 45.10 10.07% 127.08 103.66 167.55 138.62 82.66 83.56 9.78 7.45 38.13 36.45 27.30

W I R E S & C A B L E S

1 Ram Ratna Wires Ltd. Copper winding wires 303.52 405.33 282.33 381.87 94.21% 29.64 30.53 12.51 11.47 27.00 6.66% 48.22 44.99 11.17 10.36 2.24 2.26 2.44 3.08 8.68 9.02 10.80

2 R R Kabel Ltd. Cables & other conductors 422.08 426.47 349.12 370.20 86.81% 48.39 49.35 7.50 36.68 48.12 11.28% 47.44 57.85 7.97 10.35 3.85 5.51 8.97 6.40 26.30 25.69 12.60

3 Sterlite Technologies Ltd. Power cables with aluminium 2288.73 2429.46 1862.80 1894.18 77.97% 545.32 626.43 3.02 199.63 383.87 15.80% 84.98 90.76 83.11 97.11 20.01 18.00 6.44 5.62 12.39 9.89 13.00

4 T V S Interconnect Systems Ltd. Wires & cables, nec 385.49 385.49 217.76 217.76 56.49% 11.50 11.50 18.94 26.08 26.08 6.77% 64.98 64.98 98.13 98.13 18.78 18.78 0.08 0.08 15.14 15.14 14.20

5 Precision Wires India Ltd. Copper winding wires 537.05 630.18 496.17 559.62 88.80% 132.04 127.46 4.39 16.32 48.79 7.74% 56.34 56.57 45.38 64.87 16.83 11.11 9.44 5.96 19.19 12.55 14.60

6 Havells India Ltd. Wires & cables, insulated 2198.27 2465.74 1325.09 1603.05 65.01% 449.69 571.54 2.80 204.52 319.54 12.96% 12.23 12.03 65.38 62.15 29.86 24.30 5.37 5.55 50.72 37.44 18.00

7 Finolex Cables Ltd. Cables & other conductors 1352.14 1615.21 1073.70 1374.23 85.08% 415.62 418.76 3.28 38.68 143.29 8.87% 20.40 13.98 44.56 40.32 17.36 13.17 17.89 12.22 44.83 37.73 19.20

8 Hindusthan Vidyut Products Ltd. Cables & other conductors 286.89 500.12 243.55 425.38 85.06% 134.94 146.31 2.91 39.50 63.13 12.62% 90.51 64.05 95.89 69.74 42.18 32.08 16.31 11.27 44.96 36.84 19.50

9 Diamond Power Infrastructure Ltd. Cables & other conductors 567.52 584.07 538.67 516.89 88.50% 52.85 95.60 5.41 86.15 101.20 17.33% 51.68 68.36 31.52 79.23 6.83 11.19 25.18 77.91 76.31 114.14 19.50

10 Universal Cables Ltd. Cables & other conductors 590.45 496.89 430.08 396.45 79.79% 143.47 136.96 2.89 48.03 66.10 13.30% 60.98 79.59 60.93 57.68 40.89 43.19 20.30 22.59 48.74 50.07 20.30

11 Kei Industries Ltd. Cables & other conductors 980.82 908.96 835.85 822.01 90.43% 272.73 265.44 3.10 52.82 70.13 7.72% 87.80 95.71 72.93 92.07 13.55 11.87 34.88 38.25 69.29 70.96 21.20

12 Paramount Communications Ltd. Jelly filled cables 457.80 344.32 393.84 324.28 94.18% 154.53 159.63 2.03 12.09 42.43 12.32% 102.73 140.25 74.33 129.89 34.73 51.40 68.07 85.01 144.00 171.05 27.70

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PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

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Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

A U T O A N C I L L A R I E S

1 Saks Ancillaries Ltd. Automobile ancillaries, nec 10.94 12.42 8.65 10.13 81.56% 0.50 0.50 20.26 1.17 0.83 6.68% 62.33 47.44 40.44 42.07 9.00 11.83 0.82 0.34 1.03 0.46 72.40

2 Lumax D K Auto Inds. Ltd. Auto head lights 139.08 191.08 81.09 147.27 77.07% 37.58 40.30 3.65 19.52 26.86 14.06% 62.73 56.60 61.58 80.12 15.87 12.01 1.12 0.88 1.50 1.24 78.10

3High Technology Transmission Systems (India) Pvt. Ltd.

Clutch assembly 141.29 158.03 117.42 131.92 83.48% 38.14 45.85 2.88 19.69 26.44 16.73% 45.28 54.97 24.32 32.05 17.64 17.69 6.23 3.93 7.53 4.92 85.10

4 Esvee Precision Components Ltd. Automobile ancillaries, nec 63.11 66.24 56.16 59.90 90.43% 10.32 9.88 6.06 6.63 6.07 9.16% 36.08 44.28 20.66 17.57 10.39 11.85 1.98 3.26 2.61 3.74 87.90

5 Suprajit Engineering Ltd. Automobile equipment 163.41 208.77 128.00 156.64 75.03% 53.54 56.12 2.79 27.54 41.82 20.03% 68.72 62.32 44.21 42.40 23.25 26.90 4.52 2.53 11.70 9.19 88.40

6 India Nippon Electricals Ltd. Flywheel magnetos 127.92 168.9 105.42 135.79 80.40% 16.88 25.26 5.38 17.77 29.44 17.43% 60.56 52.83 52.00 58.36 19.50 20.07 2.96 3.34 7.26 7.98 88.60

7 Jagan Lamps Ltd. Auto head lights 10.60 11.33 9.49 9.32 82.26% 5.93 8.01 1.16 0.56 0.96 8.47% 59.24 51.66 82.50 47.18 1.35 11.69 0.20 0.39 3.88 3.44 93.80

8 Sharda Sejong Auto Components (India) Ltd. Automobile ancillaries, nec 219.38 254.56 198.24 229.52 90.16% 32.18 40.91 5.61 14.23 13.81 5.43% 39.01 43.85 30.03 23.75 16.53 13.45 4.34 2.89 7.71 5.68 98.00

9 Rasandik Auto Components Pvt. Ltd. Automobile ancillaries 14.92 18.59 12.13 14.88 80.04% 7.34 7.06 2.11 2.70 3.28 17.64% 54.20 60.26 70.60 78.08 26.74 20.88 4.17 2.61 6.77 4.64 98.20

10 Harita Seating Systems Ltd. Auto seating systems 196.45 223.8 173.34 191.67 85.64% 79.94 47.05 4.07 3.51 20.88 9.33% 77.27 92.38 60.89 112.41 14.98 10.59 2.72 3.36 6.61 6.91 99.00

11 Swaraj Automotives Ltd. Auto seating systems 64.95 69.22 53.23 59.41 85.83% 7.01 6.52 9.11 8.20 6.29 9.09% 71.38 68.34 61.46 74.09 22.43 14.82 6.30 3.24 12.92 7.19 99.70

12 Caparo Maruti Ltd. Auto sheet metals parts 253.89 294.24 201.63 235.95 80.19% 71.15 74.31 3.18 39.16 45.99 15.63% 13.30 10.06 45.26 41.19 21.42 23.57 3.42 2.87 6.81 5.71 105.20

13 Sundaram Brake Linings Ltd. Brake linings 170.70 198.91 127.47 148.15 74.48% 71.13 70.86 2.09 14.09 15.80 7.94% 84.68 70.52 40.42 51.29 28.06 22.63 4.55 3.46 11.36 10.79 107.00

14 Munjal Auto Inds. Ltd. Automobile ancillaries, nec 234.95 290.56 204.49 250.07 86.06% 46.70 84.78 2.95 22.59 28.63 9.85% 29.02 28.28 50.45 50.89 16.51 16.50 1.69 1.67 2.25 2.62 107.10

15 Precision Camshafts Ltd. Automobile ancillaries 154.08 191.45 118.40 128.25 66.99% 70.36 78.46 1.63 27.70 45.27 23.65% 50.69 60.73 69.58 107.50 12.75 12.67 7.32 6.58 14.09 19.33 121.00

16 G S Auto International Ltd. Other Automobile ancillaries, nec 92.66 102.59 74.62 80.73 78.69% 9.32 11.07 7.29 5.49 8.50 8.29% 48.67 49.32 44.34 48.38 30.87 27.26 6.57 3.88 16.33 13.92 126.70

17 Rane Brake Lining Ltd. Brake linings 190.41 234.96 131.72 163.60 69.63% 91.12 89.99 1.82 21.25 30.21 12.86% 81.42 66.69 42.15 56.85 32.11 29.55 6.25 5.54 11.93 12.22 137.00

18 Majestic Auto Ltd. Automobile ancillaries, nec 114.88 127.49 92.99 102.19 80.16% 65.49 63.29 1.61 15.52 33.41 26.21% 45.70 42.91 54.92 63.62 27.56 24.08 9.33 6.74 15.16 12.25 137.80

19 A T S Elgi Ltd. Automobile equipment 73.10 88.42 58.15 67.64 76.50% 2.41 2.93 23.09 3.52 8.04 9.09% 74.39 46.91 46.79 56.98 27.34 21.25 5.71 5.08 47.91 36.82 142.30

20 India Japan Lighting Pvt. Ltd. Electrical automobile parts 143.01 219.4 118.00 170.27 77.61% 144.06 132.32 1.29 12.56 32.05 14.61% 25.78 20.62 113.21 75.58 40.38 21.97 5.15 4.69 12.05 10.01 144.00

21 Setco Automotive Ltd. Clutch plates/discs 163.00 211.87 117.14 151.98 71.73% 37.87 69.13 2.20 23.33 38.82 18.32% 59.34 52.51 29.97 35.38 35.04 27.87 17.08 14.92 22.26 23.20 149.00

22 Autolite (India) Ltd. Automobile equipment 76.27 93.31 50.50 56.73 60.80% 23.44 20.10 2.82 7.27 5.80 6.22% 62.21 34.80 66.96 59.70 32.96 27.07 9.10 7.53 17.09 12.76 149.40

23 Canara Workshops Ltd. Leaf springs (Automotive) 22.52 26.78 20.40 19.47 72.70% 1.56 2.08 9.36 2.09 3.68 13.74% 96.59 88.61 62.97 60.00 19.62 26.72 8.27 9.19 91.34 96.01 152.20

24 Menon & Menon Ltd. Auto castings 102.39 116.34 90.20 98.76 84.89% 29.38 25.21 3.92 9.38 12.18 10.47% 44.00 26.98 39.60 39.76 28.17 27.25 15.16 11.24 16.10 11.94 154.20

25 Mubea Suspension India Ltd. Leaf springs (Automotive) 51.17 58.46 45.22 48.83 83.53% 11.55 10.27 4.75 2.32 6.34 10.85% 45.59 42.55 23.57 24.38 36.68 37.27 5.08 4.67 9.23 7.93 155.40

26 Mahindra Sona Ltd. Automobile ancillaries 137.86 182.43 104.91 143.22 78.51% 22.42 26.70 5.36 22.50 25.16 13.79% 86.78 66.80 57.34 57.86 26.44 22.55 33.97 26.35 39.88 30.54 156.50

27 Menon Pistons Ltd. Pistons 107.56 113.27 83.56 80.89 71.41% 18.71 19.00 4.26 13.70 12.57 11.10% 104.52 93.26 27.34 40.81 26.01 29.92 18.68 16.63 34.54 32.22 160.00

28 Standard Radiators Pvt. Ltd. Radiators 35.49 44.93 29.71 37.41 83.26% 6.13 5.66 6.61 2.89 6.04 13.44% 80.54 73.95 32.44 51.29 47.19 35.76 11.89 11.22 19.79 16.21 160.50

29 Lumax Auto Technologies Ltd. Automobile ancillaries 161.27 226.76 67.96 88.76 39.14% 34.95 35.51 2.50 3.70 12.65 5.58% 41.69 44.95 76.77 82.29 63.83 35.19 2.99 2.25 15.47 10.26 160.60

30 Sona Okegawa Precision Forgings Ltd. Gears including crown wheels 117.71 149.02 77.82 91.54 61.43% 50.68 45.41 2.02 22.29 53.54 35.93% 110.25 76.33 64.80 50.60 43.85 38.17 13.12 11.62 24.44 23.54 163.30

31 Rane N S K Steering Systems Ltd. Drive transmission & steering parts 78.53 165.4 73.00 136.67 82.63% 51.41 48.71 2.81 4.21 15.33 9.27% 40.17 28.89 157.91 100.07 38.35 26.66 6.85 3.24 19.11 14.24 164.40

32 Sundaram Industries Ltd. Automobile ancillaries, nec 244.96 246.6 193.36 197.24 79.98% 39.14 40.64 4.85 26.62 97.27 39.44% 47.22 54.07 51.68 81.86 30.19 36.46 4.72 3.59 25.01 23.34 164.60

33 Sumi Motherson Innovative Engg. Ltd. Auto plastic moulded components 132.02 138.47 99.94 113.12 81.69% 62.16 61.36 1.84 26.66 23.72 17.13% 49.24 49.21 62.99 70.00 24.82 23.47 13.73 16.40 22.31 20.41 165.90

34 Amalgamations Valeo Clutch Pvt. Ltd. Drive transmission & steering parts 186.87 226.3 152.82 188.42 83.26% 31.78 31.32 6.02 16.82 23.65 10.45% 56.43 57.84 74.44 85.44 34.07 28.96 7.02 5.80 19.18 18.82 165.90

35 Highway Industries Ltd. Automobile ancillaries 120.79 136.39 92.66 110.70 81.16% 69.80 85.74 1.29 22.45 21.62 15.85% 26.38 35.27 43.90 57.80 25.33 18.96 13.32 16.78 21.13 22.21 166.20

36 Inzi Controls India Ltd. Fuel pumps 97.96 123.07 87.37 109.22 88.75% 47.69 49.68 2.20 3.24 11.35 9.22% 50.30 50.63 105.14 94.34 33.80 28.92 5.44 4.11 6.99 4.82 167.30

37 Remsons Industries Ltd. Automobile equipment 54.45 67.17 47.51 55.33 82.37% 13.58 13.94 3.97 5.45 5.97 8.89% 75.31 60.77 58.04 58.51 33.97 27.93 12.27 9.25 30.01 28.47 170.00

38 A B I-Showatech (India) Ltd. Automobile ancillaries, nec 143.13 170.14 100.04 113.32 66.60% 67.39 50.99 2.22 32.92 50.48 29.67% 38.75 47.53 61.52 50.04 41.98 35.76 5.15 5.12 48.38 37.12 170.10

39 Samkrg Pistons & Rings Ltd. Pistons 99.13 133.12 59.92 81.29 61.07% 75.13 77.13 1.05 26.11 21.20 15.93% 80.61 65.63 69.12 68.34 40.57 28.61 21.47 16.01 30.20 22.81 170.40

40 N H K Spring India Ltd. Automobile ancillaries, nec 86.89 126.89 67.02 100.42 79.14% 54.17 85.31 1.18 9.94 16.77 13.22% 42.75 35.93 74.19 50.42 46.96 32.42 15.32 4.63 30.36 18.59 172.80

41 K R Rubberite Ltd. Automobile ancillaries 44.14 56.77 37.69 47.23 83.20% 13.19 16.90 2.79 2.81 3.65 6.43% 28.21 33.78 42.55 55.21 26.57 30.69 2.07 6.59 5.04 9.70 174.10

42 Z F Steering Gear (India) Ltd. Steering gears 165.95 216.03 129.48 163.29 75.59% 29.10 50.36 3.24 29.87 49.47 22.90% 41.90 28.65 24.18 40.16 86.06 62.71 12.79 5.31 13.93 5.83 175.30

43 Federal-Mogul T P R (India) Ltd. Piston rings 62.76 77.34 21.33 38.66 49.99% 20.35 17.38 2.22 19.14 25.82 33.39% 178.27 157.51 45.87 47.07 222.67 88.42 20.91 10.58 31.71 15.58 175.30

44 Indication Instruments Ltd. Auto dashboard instruments 57.69 66.42 40.88 51.19 77.07% 16.95 17.99 2.85 8.02 8.96 13.49% 62.76 51.96 40.14 48.24 39.68 34.91 14.80 9.86 31.64 28.58 176.90

45 India Pistons Ltd. Pistons 217.50 225.44 184.21 170.45 75.61% 64.18 64.43 2.65 5.48 28.88 12.81% 67.23 65.95 42.98 51.07 22.91 24.57 21.37 23.09 53.57 49.26 177.00

46 Minda S A I Ltd. Wiring harness & parts 121.46 176 104.16 150.64 85.59% 37.65 39.74 3.79 7.91 17.33 9.85% 72.25 61.64 59.45 72.04 51.31 38.30 12.26 6.06 18.56 8.83 177.60

47 Bright Autoplast Ltd. Auto plastic moulded components 159.00 190.95 115.95 133.25 69.78% 223.10 247.24 0.54 25.17 26.20 13.72% 21.08 29.41 74.02 71.55 16.79 28.95 5.31 11.83 6.13 11.44 179.50

48 Kalyani Hayes Lemmerz Ltd. Wheels/wheel rims 260.57 233.58 209.45 193.16 82.70% 76.46 136.01 1.42 34.98 26.80 11.47% 39.65 45.78 36.38 32.80 23.37 27.94 8.42 15.28 13.75 21.37 179.70

49 Amalgamations Repco Ltd. Clutch plates/discs 69.75 73.8 59.29 61.35 83.13% 10.30 10.55 5.82 2.80 3.15 4.27% 86.46 84.12 59.06 70.21 37.81 43.42 6.36 6.78 12.46 12.35 183.80

50 Waaree Instruments Ltd. Pressure gauges 61.88 61.9 48.19 47.23 76.30% 14.94 16.99 2.78 7.85 9.25 14.94% 77.00 95.83 67.26 73.56 92.63 88.38 6.78 3.87 17.16 10.76 184.80

51 Talbros Engineering Ltd. Axle shafts 62.30 62.91 49.64 55.06 87.52% 13.80 14.70 3.75 5.45 4.92 7.82% 63.02 57.05 60.51 48.80 25.83 13.38 47.30 39.66 53.72 44.06 185.70

52 Gujarat Automotive Gears Ltd. Gears including crown wheels 12.89 14.46 9.60 10.92 75.52% 2.01 1.73 6.31 2.32 2.39 16.53% 41.59 39.37 44.32 74.25 18.57 17.30 32.82 34.56 55.10 54.94 185.70

53 Menon Bearings Ltd. Automobile engine parts, nec 44.05 56.63 30.53 39.88 70.42% 26.40 30.99 1.29 8.97 14.67 25.90% 106.56 90.27 52.49 49.08 36.32 31.36 22.47 24.23 55.77 44.45 185.80

54 Reil Electricals India Ltd. Starter motors 33.43 19.16 23.35 13.27 69.26% 4.57 4.96 2.68 4.10 2.90 15.14% 88.90 115.93 52.36 91.85 68.21 149.94 1.75 1.13 6.77 7.75 186.00

55 Upasana Engineering Ltd. Automobile ancillaries 32.13 39.63 31.34 35.96 90.74% 22.48 22.26 1.62 1.14 2.41 6.08% 63.21 71.68 72.88 72.86 24.38 24.33 5.61 13.28 17.74 24.11 186.30

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 73: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 71www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

A U T O A N C I L L A R I E S

1 Saks Ancillaries Ltd. Automobile ancillaries, nec 10.94 12.42 8.65 10.13 81.56% 0.50 0.50 20.26 1.17 0.83 6.68% 62.33 47.44 40.44 42.07 9.00 11.83 0.82 0.34 1.03 0.46 72.40

2 Lumax D K Auto Inds. Ltd. Auto head lights 139.08 191.08 81.09 147.27 77.07% 37.58 40.30 3.65 19.52 26.86 14.06% 62.73 56.60 61.58 80.12 15.87 12.01 1.12 0.88 1.50 1.24 78.10

3High Technology Transmission Systems (India) Pvt. Ltd.

Clutch assembly 141.29 158.03 117.42 131.92 83.48% 38.14 45.85 2.88 19.69 26.44 16.73% 45.28 54.97 24.32 32.05 17.64 17.69 6.23 3.93 7.53 4.92 85.10

4 Esvee Precision Components Ltd. Automobile ancillaries, nec 63.11 66.24 56.16 59.90 90.43% 10.32 9.88 6.06 6.63 6.07 9.16% 36.08 44.28 20.66 17.57 10.39 11.85 1.98 3.26 2.61 3.74 87.90

5 Suprajit Engineering Ltd. Automobile equipment 163.41 208.77 128.00 156.64 75.03% 53.54 56.12 2.79 27.54 41.82 20.03% 68.72 62.32 44.21 42.40 23.25 26.90 4.52 2.53 11.70 9.19 88.40

6 India Nippon Electricals Ltd. Flywheel magnetos 127.92 168.9 105.42 135.79 80.40% 16.88 25.26 5.38 17.77 29.44 17.43% 60.56 52.83 52.00 58.36 19.50 20.07 2.96 3.34 7.26 7.98 88.60

7 Jagan Lamps Ltd. Auto head lights 10.60 11.33 9.49 9.32 82.26% 5.93 8.01 1.16 0.56 0.96 8.47% 59.24 51.66 82.50 47.18 1.35 11.69 0.20 0.39 3.88 3.44 93.80

8 Sharda Sejong Auto Components (India) Ltd. Automobile ancillaries, nec 219.38 254.56 198.24 229.52 90.16% 32.18 40.91 5.61 14.23 13.81 5.43% 39.01 43.85 30.03 23.75 16.53 13.45 4.34 2.89 7.71 5.68 98.00

9 Rasandik Auto Components Pvt. Ltd. Automobile ancillaries 14.92 18.59 12.13 14.88 80.04% 7.34 7.06 2.11 2.70 3.28 17.64% 54.20 60.26 70.60 78.08 26.74 20.88 4.17 2.61 6.77 4.64 98.20

10 Harita Seating Systems Ltd. Auto seating systems 196.45 223.8 173.34 191.67 85.64% 79.94 47.05 4.07 3.51 20.88 9.33% 77.27 92.38 60.89 112.41 14.98 10.59 2.72 3.36 6.61 6.91 99.00

11 Swaraj Automotives Ltd. Auto seating systems 64.95 69.22 53.23 59.41 85.83% 7.01 6.52 9.11 8.20 6.29 9.09% 71.38 68.34 61.46 74.09 22.43 14.82 6.30 3.24 12.92 7.19 99.70

12 Caparo Maruti Ltd. Auto sheet metals parts 253.89 294.24 201.63 235.95 80.19% 71.15 74.31 3.18 39.16 45.99 15.63% 13.30 10.06 45.26 41.19 21.42 23.57 3.42 2.87 6.81 5.71 105.20

13 Sundaram Brake Linings Ltd. Brake linings 170.70 198.91 127.47 148.15 74.48% 71.13 70.86 2.09 14.09 15.80 7.94% 84.68 70.52 40.42 51.29 28.06 22.63 4.55 3.46 11.36 10.79 107.00

14 Munjal Auto Inds. Ltd. Automobile ancillaries, nec 234.95 290.56 204.49 250.07 86.06% 46.70 84.78 2.95 22.59 28.63 9.85% 29.02 28.28 50.45 50.89 16.51 16.50 1.69 1.67 2.25 2.62 107.10

15 Precision Camshafts Ltd. Automobile ancillaries 154.08 191.45 118.40 128.25 66.99% 70.36 78.46 1.63 27.70 45.27 23.65% 50.69 60.73 69.58 107.50 12.75 12.67 7.32 6.58 14.09 19.33 121.00

16 G S Auto International Ltd. Other Automobile ancillaries, nec 92.66 102.59 74.62 80.73 78.69% 9.32 11.07 7.29 5.49 8.50 8.29% 48.67 49.32 44.34 48.38 30.87 27.26 6.57 3.88 16.33 13.92 126.70

17 Rane Brake Lining Ltd. Brake linings 190.41 234.96 131.72 163.60 69.63% 91.12 89.99 1.82 21.25 30.21 12.86% 81.42 66.69 42.15 56.85 32.11 29.55 6.25 5.54 11.93 12.22 137.00

18 Majestic Auto Ltd. Automobile ancillaries, nec 114.88 127.49 92.99 102.19 80.16% 65.49 63.29 1.61 15.52 33.41 26.21% 45.70 42.91 54.92 63.62 27.56 24.08 9.33 6.74 15.16 12.25 137.80

19 A T S Elgi Ltd. Automobile equipment 73.10 88.42 58.15 67.64 76.50% 2.41 2.93 23.09 3.52 8.04 9.09% 74.39 46.91 46.79 56.98 27.34 21.25 5.71 5.08 47.91 36.82 142.30

20 India Japan Lighting Pvt. Ltd. Electrical automobile parts 143.01 219.4 118.00 170.27 77.61% 144.06 132.32 1.29 12.56 32.05 14.61% 25.78 20.62 113.21 75.58 40.38 21.97 5.15 4.69 12.05 10.01 144.00

21 Setco Automotive Ltd. Clutch plates/discs 163.00 211.87 117.14 151.98 71.73% 37.87 69.13 2.20 23.33 38.82 18.32% 59.34 52.51 29.97 35.38 35.04 27.87 17.08 14.92 22.26 23.20 149.00

22 Autolite (India) Ltd. Automobile equipment 76.27 93.31 50.50 56.73 60.80% 23.44 20.10 2.82 7.27 5.80 6.22% 62.21 34.80 66.96 59.70 32.96 27.07 9.10 7.53 17.09 12.76 149.40

23 Canara Workshops Ltd. Leaf springs (Automotive) 22.52 26.78 20.40 19.47 72.70% 1.56 2.08 9.36 2.09 3.68 13.74% 96.59 88.61 62.97 60.00 19.62 26.72 8.27 9.19 91.34 96.01 152.20

24 Menon & Menon Ltd. Auto castings 102.39 116.34 90.20 98.76 84.89% 29.38 25.21 3.92 9.38 12.18 10.47% 44.00 26.98 39.60 39.76 28.17 27.25 15.16 11.24 16.10 11.94 154.20

25 Mubea Suspension India Ltd. Leaf springs (Automotive) 51.17 58.46 45.22 48.83 83.53% 11.55 10.27 4.75 2.32 6.34 10.85% 45.59 42.55 23.57 24.38 36.68 37.27 5.08 4.67 9.23 7.93 155.40

26 Mahindra Sona Ltd. Automobile ancillaries 137.86 182.43 104.91 143.22 78.51% 22.42 26.70 5.36 22.50 25.16 13.79% 86.78 66.80 57.34 57.86 26.44 22.55 33.97 26.35 39.88 30.54 156.50

27 Menon Pistons Ltd. Pistons 107.56 113.27 83.56 80.89 71.41% 18.71 19.00 4.26 13.70 12.57 11.10% 104.52 93.26 27.34 40.81 26.01 29.92 18.68 16.63 34.54 32.22 160.00

28 Standard Radiators Pvt. Ltd. Radiators 35.49 44.93 29.71 37.41 83.26% 6.13 5.66 6.61 2.89 6.04 13.44% 80.54 73.95 32.44 51.29 47.19 35.76 11.89 11.22 19.79 16.21 160.50

29 Lumax Auto Technologies Ltd. Automobile ancillaries 161.27 226.76 67.96 88.76 39.14% 34.95 35.51 2.50 3.70 12.65 5.58% 41.69 44.95 76.77 82.29 63.83 35.19 2.99 2.25 15.47 10.26 160.60

30 Sona Okegawa Precision Forgings Ltd. Gears including crown wheels 117.71 149.02 77.82 91.54 61.43% 50.68 45.41 2.02 22.29 53.54 35.93% 110.25 76.33 64.80 50.60 43.85 38.17 13.12 11.62 24.44 23.54 163.30

31 Rane N S K Steering Systems Ltd. Drive transmission & steering parts 78.53 165.4 73.00 136.67 82.63% 51.41 48.71 2.81 4.21 15.33 9.27% 40.17 28.89 157.91 100.07 38.35 26.66 6.85 3.24 19.11 14.24 164.40

32 Sundaram Industries Ltd. Automobile ancillaries, nec 244.96 246.6 193.36 197.24 79.98% 39.14 40.64 4.85 26.62 97.27 39.44% 47.22 54.07 51.68 81.86 30.19 36.46 4.72 3.59 25.01 23.34 164.60

33 Sumi Motherson Innovative Engg. Ltd. Auto plastic moulded components 132.02 138.47 99.94 113.12 81.69% 62.16 61.36 1.84 26.66 23.72 17.13% 49.24 49.21 62.99 70.00 24.82 23.47 13.73 16.40 22.31 20.41 165.90

34 Amalgamations Valeo Clutch Pvt. Ltd. Drive transmission & steering parts 186.87 226.3 152.82 188.42 83.26% 31.78 31.32 6.02 16.82 23.65 10.45% 56.43 57.84 74.44 85.44 34.07 28.96 7.02 5.80 19.18 18.82 165.90

35 Highway Industries Ltd. Automobile ancillaries 120.79 136.39 92.66 110.70 81.16% 69.80 85.74 1.29 22.45 21.62 15.85% 26.38 35.27 43.90 57.80 25.33 18.96 13.32 16.78 21.13 22.21 166.20

36 Inzi Controls India Ltd. Fuel pumps 97.96 123.07 87.37 109.22 88.75% 47.69 49.68 2.20 3.24 11.35 9.22% 50.30 50.63 105.14 94.34 33.80 28.92 5.44 4.11 6.99 4.82 167.30

37 Remsons Industries Ltd. Automobile equipment 54.45 67.17 47.51 55.33 82.37% 13.58 13.94 3.97 5.45 5.97 8.89% 75.31 60.77 58.04 58.51 33.97 27.93 12.27 9.25 30.01 28.47 170.00

38 A B I-Showatech (India) Ltd. Automobile ancillaries, nec 143.13 170.14 100.04 113.32 66.60% 67.39 50.99 2.22 32.92 50.48 29.67% 38.75 47.53 61.52 50.04 41.98 35.76 5.15 5.12 48.38 37.12 170.10

39 Samkrg Pistons & Rings Ltd. Pistons 99.13 133.12 59.92 81.29 61.07% 75.13 77.13 1.05 26.11 21.20 15.93% 80.61 65.63 69.12 68.34 40.57 28.61 21.47 16.01 30.20 22.81 170.40

40 N H K Spring India Ltd. Automobile ancillaries, nec 86.89 126.89 67.02 100.42 79.14% 54.17 85.31 1.18 9.94 16.77 13.22% 42.75 35.93 74.19 50.42 46.96 32.42 15.32 4.63 30.36 18.59 172.80

41 K R Rubberite Ltd. Automobile ancillaries 44.14 56.77 37.69 47.23 83.20% 13.19 16.90 2.79 2.81 3.65 6.43% 28.21 33.78 42.55 55.21 26.57 30.69 2.07 6.59 5.04 9.70 174.10

42 Z F Steering Gear (India) Ltd. Steering gears 165.95 216.03 129.48 163.29 75.59% 29.10 50.36 3.24 29.87 49.47 22.90% 41.90 28.65 24.18 40.16 86.06 62.71 12.79 5.31 13.93 5.83 175.30

43 Federal-Mogul T P R (India) Ltd. Piston rings 62.76 77.34 21.33 38.66 49.99% 20.35 17.38 2.22 19.14 25.82 33.39% 178.27 157.51 45.87 47.07 222.67 88.42 20.91 10.58 31.71 15.58 175.30

44 Indication Instruments Ltd. Auto dashboard instruments 57.69 66.42 40.88 51.19 77.07% 16.95 17.99 2.85 8.02 8.96 13.49% 62.76 51.96 40.14 48.24 39.68 34.91 14.80 9.86 31.64 28.58 176.90

45 India Pistons Ltd. Pistons 217.50 225.44 184.21 170.45 75.61% 64.18 64.43 2.65 5.48 28.88 12.81% 67.23 65.95 42.98 51.07 22.91 24.57 21.37 23.09 53.57 49.26 177.00

46 Minda S A I Ltd. Wiring harness & parts 121.46 176 104.16 150.64 85.59% 37.65 39.74 3.79 7.91 17.33 9.85% 72.25 61.64 59.45 72.04 51.31 38.30 12.26 6.06 18.56 8.83 177.60

47 Bright Autoplast Ltd. Auto plastic moulded components 159.00 190.95 115.95 133.25 69.78% 223.10 247.24 0.54 25.17 26.20 13.72% 21.08 29.41 74.02 71.55 16.79 28.95 5.31 11.83 6.13 11.44 179.50

48 Kalyani Hayes Lemmerz Ltd. Wheels/wheel rims 260.57 233.58 209.45 193.16 82.70% 76.46 136.01 1.42 34.98 26.80 11.47% 39.65 45.78 36.38 32.80 23.37 27.94 8.42 15.28 13.75 21.37 179.70

49 Amalgamations Repco Ltd. Clutch plates/discs 69.75 73.8 59.29 61.35 83.13% 10.30 10.55 5.82 2.80 3.15 4.27% 86.46 84.12 59.06 70.21 37.81 43.42 6.36 6.78 12.46 12.35 183.80

50 Waaree Instruments Ltd. Pressure gauges 61.88 61.9 48.19 47.23 76.30% 14.94 16.99 2.78 7.85 9.25 14.94% 77.00 95.83 67.26 73.56 92.63 88.38 6.78 3.87 17.16 10.76 184.80

51 Talbros Engineering Ltd. Axle shafts 62.30 62.91 49.64 55.06 87.52% 13.80 14.70 3.75 5.45 4.92 7.82% 63.02 57.05 60.51 48.80 25.83 13.38 47.30 39.66 53.72 44.06 185.70

52 Gujarat Automotive Gears Ltd. Gears including crown wheels 12.89 14.46 9.60 10.92 75.52% 2.01 1.73 6.31 2.32 2.39 16.53% 41.59 39.37 44.32 74.25 18.57 17.30 32.82 34.56 55.10 54.94 185.70

53 Menon Bearings Ltd. Automobile engine parts, nec 44.05 56.63 30.53 39.88 70.42% 26.40 30.99 1.29 8.97 14.67 25.90% 106.56 90.27 52.49 49.08 36.32 31.36 22.47 24.23 55.77 44.45 185.80

54 Reil Electricals India Ltd. Starter motors 33.43 19.16 23.35 13.27 69.26% 4.57 4.96 2.68 4.10 2.90 15.14% 88.90 115.93 52.36 91.85 68.21 149.94 1.75 1.13 6.77 7.75 186.00

55 Upasana Engineering Ltd. Automobile ancillaries 32.13 39.63 31.34 35.96 90.74% 22.48 22.26 1.62 1.14 2.41 6.08% 63.21 71.68 72.88 72.86 24.38 24.33 5.61 13.28 17.74 24.11 186.30

AUTO

ANCILLAR

IES

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Page 74: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com72 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

56 Frontier Springs Ltd. Leaf springs (Automotive) 26.14 32.56 21.74 24.59 75.52% 4.89 10.23 2.40 2.33 5.65 17.35% 61.13 62.67 46.45 65.05 39.83 43.42 4.23 4.91 34.45 33.22 189.90

57 Autoline Industries Ltd. Auto sheet metals parts 208.45 252.87 184.86 210.90 83.40% 153.46 170.96 1.23 21.76 36.64 14.49% 28.19 31.05 62.59 81.71 35.56 35.70 4.89 4.94 8.58 9.10 190.70

58 Hindustan Composites Ltd. Brake linings 76.88 89.44 55.60 65.25 72.95% 32.67 37.38 1.75 7.78 578.66 646.98% 63.30 61.28 69.63 61.70 46.21 50.03 13.98 11.51 26.10 21.14 192.80

59 K A R Mobiles Ltd. Engine valves 96.70 83.03 78.30 62.37 75.12% 18.43 18.72 3.33 4.92 7.18 8.65% 73.67 79.68 46.68 51.09 57.00 46.63 11.06 11.98 27.91 27.62 195.70

60 Sakthi Auto Components Ltd. Automobile ancillaries 358.17 264.22 297.83 204.52 77.41% 325.56 338.43 0.60 43.16 40.63 15.38% 43.53 61.46 174.55 311.68 19.12 27.65 0.74 1.20 62.82 83.35 195.70

61 Fiem Industries Ltd. Other auto lights 219.74 294.58 179.96 234.24 79.52% 137.22 153.53 1.53 20.41 28.14 9.55% 43.19 37.02 105.60 89.43 25.37 24.74 24.27 14.78 30.23 22.26 196.30

62 Shriram Foundry Ltd. Auto castings 180.19 175.47 159.55 147.63 84.13% 76.39 93.30 1.58 17.86 25.34 14.44% 36.01 34.77 66.90 83.76 16.08 22.82 22.53 22.07 22.83 22.41 197.40

63 Q H Talbros Ltd. Steering linkages 183.65 216.16 143.03 162.84 75.33% 40.56 54.07 3.01 17.09 20.87 9.65% 80.70 74.23 117.59 118.81 36.79 37.49 7.01 4.67 43.68 31.89 199.50

64 Hindustan Hardy Spicer Ltd. Propeller shafts 29.95 34.02 24.13 23.20 68.20% 6.75 6.65 3.49 1.65 1.55 4.56% 86.77 77.22 43.26 67.84 43.01 50.41 14.37 13.42 24.97 20.24 201.30

65 Allied Nippon Ltd. Brake linings 140.46 174.77 116.13 141.86 81.17% 46.99 46.08 3.08 15.55 17.35 9.93% 125.37 106.28 64.22 57.32 33.61 32.17 26.85 24.16 54.32 49.20 202.00

66 Sona Somic Lemforder Components Ltd. Drive transmission & steering parts 116.63 160.29 96.66 133.17 83.08% 50.76 71.84 1.85 7.96 13.99 8.73% 52.51 42.08 78.77 65.33 37.81 36.79 16.27 10.89 17.04 11.62 202.90

67 Veljan Denison Ltd. Hydraulic pumps 41.16 99.57 23.86 57.81 58.06% 32.03 32.92 1.76 12.71 33.01 33.15% 156.92 133.42 114.67 69.73 137.15 69.64 55.70 12.27 73.43 28.19 203.80

68 Hero Motors Ltd. Automobile ancillaries 165.34 201.22 144.02 166.41 82.70% 192.19 205.50 0.81 7.52 23.81 11.83% 31.94 28.52 105.46 88.04 30.46 32.01 5.58 6.59 18.53 12.92 204.50

69 Ring Plus Aqua Ltd. Thickwall, thinwall bearings 80.65 78.83 62.83 60.68 76.98% 26.82 26.68 2.27 8.61 12.33 15.64% 74.11 83.75 48.50 86.01 59.43 61.29 8.04 8.60 21.95 21.54 205.70

70 Roots Industries India Ltd. Electric horns 98.81 98.82 68.28 63.85 64.61% 21.46 20.62 3.10 14.76 19.40 19.63% 75.42 79.46 79.36 75.24 44.97 41.29 17.44 26.88 26.58 34.51 208.60

71 X L O India Ltd. Steering gears 25.74 33.37 24.99 29.71 89.03% 1.68 1.93 15.39 -0.99 2.07 6.20% 68.41 41.89 124.21 106.89 35.99 30.34 15.16 14.68 17.41 15.59 210.00

72 Victor Gaskets India Ltd. Gaskets 34.48 46.04 28.55 35.86 77.89% 11.64 10.63 3.37 2.41 5.87 12.75% 71.94 51.72 71.74 84.22 40.87 36.90 12.20 11.09 35.43 34.78 212.50

73 E L Forge Ltd. Automobile ancillaries 86.79 69.89 75.37 54.64 78.18% 119.76 113.57 0.48 2.53 10.65 15.24% 82.81 100.57 161.69 146.20 99.22 37.44 0.78 0.98 112.25 129.93 216.20

74 Bimetal Bearings Ltd. Thickwall, thinwall bearings 122.62 114.22 94.50 83.84 73.40% 31.23 29.50 2.84 15.70 16.81 14.72% 80.79 80.21 35.38 42.35 75.83 94.88 8.23 8.60 43.25 42.63 220.80

75 K E W Industries Ltd. Automobile ancillaries 53.23 62.92 50.39 51.90 82.49% 26.03 27.01 1.92 7.82 8.50 13.51% 202.44 211.20 23.65 39.46 35.00 33.47 45.57 56.28 104.17 101.54 221.40

76 Rambal Ltd. Fuel injection equipment spares 61.49 49.32 45.36 35.93 72.85% 25.37 24.35 1.48 12.25 8.90 18.05% 66.87 99.29 51.75 74.95 38.77 58.38 19.41 23.18 20.41 24.77 221.60

77 Triton Valves Ltd. Engine valves 78.41 91.36 65.53 79.45 86.96% 28.81 29.09 2.73 9.47 12.39 13.56% 73.75 69.99 14.81 35.87 57.45 52.17 18.24 23.75 28.37 31.81 227.10

78 Yuken India Ltd. Fuel pumps 96.88 114.48 74.29 85.42 74.62% 26.95 23.82 3.59 7.75 15.67 13.69% 112.08 101.73 64.72 98.13 98.94 73.95 18.41 16.09 30.40 26.53 227.90

79 Perfect Circle India Ltd. Automobile engine parts 75.23 78.86 46.81 47.26 59.93% 45.43 42.00 1.13 9.46 16.23 20.58% 58.24 44.29 62.35 52.19 28.55 33.21 21.01 34.12 62.02 77.80 229.70

80 Mivin Engineering Technologies Pvt. Ltd. Hydraulic pumps 17.80 20.17 15.73 17.00 84.28% 8.03 6.71 2.53 1.22 1.32 6.54% 25.04 22.90 59.15 52.57 24.99 28.82 30.59 29.87 31.46 30.77 229.80

81 Lamina Suspension Products Ltd. Leaf springs (Automotive) 76.31 70.17 66.13 53.87 76.77% 9.94 9.84 5.47 6.20 7.30 10.40% 72.36 76.66 80.10 109.36 29.86 37.22 15.46 19.11 45.01 57.05 231.60

82 Automobile Corpn. Of Goa Ltd. Bus body 324.24 233.86 288.69 220.57 94.32% 42.62 46.66 4.73 31.95 0.76 0.32% 39.64 34.01 62.19 90.90 15.35 40.00 12.88 11.92 14.54 14.28 233.40

83 Amtek Ring Gears Ltd. Flywheel ring gears 232.96 232.96 176.09 176.09 75.59% 101.24 101.24 1.74 53.56 53.56 22.99% 60.32 60.32 91.78 91.78 27.88 27.88 84.32 84.32 91.80 91.80 234.10

84 I P Pins & Liners Ltd. Automobile engine parts 17.45 20.83 14.48 16.85 80.89% 13.06 13.84 1.22 1.54 2.47 11.86% 66.48 58.42 79.52 99.46 25.31 29.54 30.72 28.74 37.30 32.16 234.40

85 Rane Engine Valve Ltd. Engine valves 219.39 235.16 164.76 165.10 70.21% 123.17 122.90 1.34 24.24 29.06 12.36% 53.26 54.37 50.03 59.00 59.11 64.29 10.46 12.63 26.70 30.92 239.30

86 Federal-Mogul Bearings India Ltd. Bimetal bearings 38.98 51.9 33.96 37.22 71.71% 21.62 20.41 1.82 -7.37 6.40 12.33% 88.87 68.37 120.82 88.28 47.85 44.04 13.90 13.38 84.49 65.99 240.70

87 Bharat Gears Ltd. Gears including crown wheels 242.05 249.61 207.93 206.81 82.85% 68.29 62.50 3.31 22.25 25.23 10.11% 73.29 67.16 75.70 99.67 42.76 44.90 15.68 16.34 28.91 32.53 241.30

88 Apex Auto Ltd. Other Automobile ancillaries, nec 102.02 89.67 66.89 61.97 69.11% 71.56 63.81 0.97 16.90 20.63 23.01% 20.61 21.55 24.90 26.29 55.55 58.59 18.12 17.11 36.86 35.68 241.40

89 Sakthi Auto Ancillary Pvt. Ltd. Auto castings 56.83 42.93 48.93 37.62 87.63% 16.06 17.60 2.14 5.72 4.82 11.23% 49.91 70.19 60.42 102.37 35.01 56.07 10.37 15.48 13.60 19.53 242.70

90 Roto Pumps Ltd. Rotor pumps 49.56 49.7 34.84 33.40 67.20% 8.11 16.95 1.97 7.58 8.75 17.61% 66.04 74.32 49.18 64.74 70.06 86.66 10.24 10.11 89.58 99.57 243.00

91 Haldex India Ltd. Suspension & braking parts, nec. 46.43 60.61 38.97 48.59 80.17% 15.92 15.37 3.16 0.89 7.19 11.86% 72.60 29.65 79.04 71.57 135.89 72.39 16.65 9.17 25.79 22.41 243.40

92 Hella India Lighting Ltd. Auto bulbs 23.78 36.12 23.31 31.89 88.29% 5.93 9.46 3.37 -3.32 0.78 2.16% 47.14 39.54 158.66 141.45 51.78 48.27 6.43 3.91 33.70 27.32 245.30

93 Liners India Ltd. Cylinder liners 77.10 87.49 37.47 41.06 46.93% 22.61 24.29 1.69 6.18 8.76 10.01% 77.90 73.88 57.74 57.54 42.74 44.94 37.70 46.79 50.67 55.52 248.70

94 Kalyani Forge Ltd. Automobile ancillaries 162.80 163.82 140.19 138.14 84.32% 72.42 81.41 1.70 16.41 20.82 12.71% 100.39 93.55 85.58 92.78 57.11 55.86 22.71 22.17 28.90 27.87 248.80

95 H V Transmissions Ltd. Drive transmission & steering parts 141.85 205.25 62.92 88.70 43.22% 266.48 283.20 0.31 60.23 114.61 55.84% 0.04 0.15 141.50 109.24 330.25 243.23 10.70 8.19 12.33 9.37 252.90

96 Mahindra Gears & Transmissions Pvt. Ltd. Automobile ancillaries 72.77 73.32 54.48 56.66 77.28% 36.12 33.77 1.68 12.71 8.97 12.23% 90.56 90.63 64.10 61.79 53.64 48.71 28.24 31.89 59.33 63.11 254.00

97 Ghatge Patil Inds. Ltd. Auto castings 271.03 218.61 233.07 176.13 80.57% 56.49 53.42 3.30 31.04 31.46 14.39% 53.91 56.18 47.67 49.04 51.11 61.99 21.09 31.82 34.02 51.08 255.30

98 H M M Coaches Ltd. Automobile bodies 68.21 83.19 62.58 77.04 92.61% 45.34 43.82 1.76 7.42 5.03 6.05% 82.06 35.75 84.67 88.26 29.38 27.48 35.74 35.19 40.14 37.31 255.80

99 Simmonds Marshall Ltd. Other Automobile ancillaries, nec 33.21 48.67 24.08 32.40 66.57% 10.79 11.52 2.81 5.50 9.97 20.48% 79.10 73.36 38.96 59.00 128.06 119.90 42.19 24.26 76.59 44.85 256.90

100 Pinnacle Industries Ltd. Automobile ancillaries 66.06 86.25 56.19 73.70 85.45% 22.43 21.01 3.51 5.15 8.05 9.33% 83.30 45.01 120.07 78.09 80.31 68.30 19.99 18.23 22.92 20.46 257.50

101 Irizar T V S Ltd. Automobile bodies 80.12 79.25 70.12 69.61 87.84% 4.84 31.66 2.20 5.40 7.28 9.19% 36.66 62.63 100.23 114.47 56.80 71.91 17.89 13.97 18.16 14.17 257.60

102 I P Rings Ltd. Piston rings 48.30 67.64 33.74 46.01 68.02% 33.25 38.47 1.20 7.23 13.68 20.22% 80.00 55.19 48.65 58.37 120.44 88.77 21.79 17.93 43.65 38.07 259.90

103 M & M Auto Inds. Ltd. Leaf springs (Automotive) 39.96 45.33 33.53 39.47 87.07% 33.17 38.85 1.02 6.91 6.61 14.58% 20.79 13.43 57.80 104.05 24.66 21.36 59.96 79.12 66.23 89.68 261.00

104 Clutch Auto Ltd. Drive transmission & steering parts 195.60 229.91 150.55 178.69 77.72% 133.33 159.03 1.12 26.92 36.68 15.95% 165.13 150.75 100.82 93.18 44.11 42.28 62.17 60.76 74.03 68.30 261.90

105 Universal Radiators Ltd. Radiators 15.56 13.46 11.59 9.32 69.24% 3.56 3.42 2.73 3.01 2.90 21.55% 82.82 97.85 182.63 247.28 135.90 186.31 13.19 24.31 16.22 27.73 263.00

106 Shivam Autotech Ltd. Automobile ancillaries 143.02 194.03 105.75 145.20 74.83% 101.65 234.89 0.62 32.32 45.55 23.48% 39.28 39.66 70.45 139.90 63.23 78.89 11.81 16.51 12.60 18.34 263.30

107 Raunaq Automotive Components Ltd. Drive transmission & steering parts 58.42 65.15 50.67 54.08 83.01% 20.95 28.60 1.89 6.17 8.07 12.39% 40.14 39.70 48.94 77.86 48.70 57.04 16.84 19.56 32.76 34.26 271.50

108 J B M Auto Ltd. Automobile ancillaries 216.15 237.47 179.46 217.04 91.40% 88.32 82.24 2.64 36.74 30.69 12.92% 86.57 100.24 115.72 120.30 37.26 40.32 70.63 58.12 71.95 61.40 271.90

109 Rasandik Engineering Inds. India Ltd. Automobile ancillaries, nec 197.33 229.69 166.50 187.38 81.58% 150.32 151.95 1.23 25.60 28.54 12.43% 34.86 32.30 132.53 142.51 32.37 35.66 34.52 27.25 41.43 40.45 272.70

110 Kalyani Thermal Systems Ltd. Automobile ancillaries 143.41 200.55 124.30 154.27 76.92% 87.28 131.60 1.17 21.37 34.66 17.28% 69.79 54.45 122.53 100.60 43.21 69.79 26.57 27.75 30.02 30.06 276.30

111 I A I Industries Ltd. Automobile ancillaries 22.06 21.65 18.07 20.27 93.63% 6.57 6.04 3.36 2.26 0.94 4.34% 50.22 42.20 93.27 71.41 93.58 108.57 23.67 16.29 24.12 16.57 280.20

112 Adroit Industries (India) Ltd. Propeller shafts 24.39 16.74 14.82 12.43 74.25% 5.08 4.56 2.73 4.41 4.80 28.67% 53.30 72.51 45.47 54.83 164.60 271.36 35.42 46.23 48.35 75.01 282.70

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Page 75: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 73www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

56 Frontier Springs Ltd. Leaf springs (Automotive) 26.14 32.56 21.74 24.59 75.52% 4.89 10.23 2.40 2.33 5.65 17.35% 61.13 62.67 46.45 65.05 39.83 43.42 4.23 4.91 34.45 33.22 189.90

57 Autoline Industries Ltd. Auto sheet metals parts 208.45 252.87 184.86 210.90 83.40% 153.46 170.96 1.23 21.76 36.64 14.49% 28.19 31.05 62.59 81.71 35.56 35.70 4.89 4.94 8.58 9.10 190.70

58 Hindustan Composites Ltd. Brake linings 76.88 89.44 55.60 65.25 72.95% 32.67 37.38 1.75 7.78 578.66 646.98% 63.30 61.28 69.63 61.70 46.21 50.03 13.98 11.51 26.10 21.14 192.80

59 K A R Mobiles Ltd. Engine valves 96.70 83.03 78.30 62.37 75.12% 18.43 18.72 3.33 4.92 7.18 8.65% 73.67 79.68 46.68 51.09 57.00 46.63 11.06 11.98 27.91 27.62 195.70

60 Sakthi Auto Components Ltd. Automobile ancillaries 358.17 264.22 297.83 204.52 77.41% 325.56 338.43 0.60 43.16 40.63 15.38% 43.53 61.46 174.55 311.68 19.12 27.65 0.74 1.20 62.82 83.35 195.70

61 Fiem Industries Ltd. Other auto lights 219.74 294.58 179.96 234.24 79.52% 137.22 153.53 1.53 20.41 28.14 9.55% 43.19 37.02 105.60 89.43 25.37 24.74 24.27 14.78 30.23 22.26 196.30

62 Shriram Foundry Ltd. Auto castings 180.19 175.47 159.55 147.63 84.13% 76.39 93.30 1.58 17.86 25.34 14.44% 36.01 34.77 66.90 83.76 16.08 22.82 22.53 22.07 22.83 22.41 197.40

63 Q H Talbros Ltd. Steering linkages 183.65 216.16 143.03 162.84 75.33% 40.56 54.07 3.01 17.09 20.87 9.65% 80.70 74.23 117.59 118.81 36.79 37.49 7.01 4.67 43.68 31.89 199.50

64 Hindustan Hardy Spicer Ltd. Propeller shafts 29.95 34.02 24.13 23.20 68.20% 6.75 6.65 3.49 1.65 1.55 4.56% 86.77 77.22 43.26 67.84 43.01 50.41 14.37 13.42 24.97 20.24 201.30

65 Allied Nippon Ltd. Brake linings 140.46 174.77 116.13 141.86 81.17% 46.99 46.08 3.08 15.55 17.35 9.93% 125.37 106.28 64.22 57.32 33.61 32.17 26.85 24.16 54.32 49.20 202.00

66 Sona Somic Lemforder Components Ltd. Drive transmission & steering parts 116.63 160.29 96.66 133.17 83.08% 50.76 71.84 1.85 7.96 13.99 8.73% 52.51 42.08 78.77 65.33 37.81 36.79 16.27 10.89 17.04 11.62 202.90

67 Veljan Denison Ltd. Hydraulic pumps 41.16 99.57 23.86 57.81 58.06% 32.03 32.92 1.76 12.71 33.01 33.15% 156.92 133.42 114.67 69.73 137.15 69.64 55.70 12.27 73.43 28.19 203.80

68 Hero Motors Ltd. Automobile ancillaries 165.34 201.22 144.02 166.41 82.70% 192.19 205.50 0.81 7.52 23.81 11.83% 31.94 28.52 105.46 88.04 30.46 32.01 5.58 6.59 18.53 12.92 204.50

69 Ring Plus Aqua Ltd. Thickwall, thinwall bearings 80.65 78.83 62.83 60.68 76.98% 26.82 26.68 2.27 8.61 12.33 15.64% 74.11 83.75 48.50 86.01 59.43 61.29 8.04 8.60 21.95 21.54 205.70

70 Roots Industries India Ltd. Electric horns 98.81 98.82 68.28 63.85 64.61% 21.46 20.62 3.10 14.76 19.40 19.63% 75.42 79.46 79.36 75.24 44.97 41.29 17.44 26.88 26.58 34.51 208.60

71 X L O India Ltd. Steering gears 25.74 33.37 24.99 29.71 89.03% 1.68 1.93 15.39 -0.99 2.07 6.20% 68.41 41.89 124.21 106.89 35.99 30.34 15.16 14.68 17.41 15.59 210.00

72 Victor Gaskets India Ltd. Gaskets 34.48 46.04 28.55 35.86 77.89% 11.64 10.63 3.37 2.41 5.87 12.75% 71.94 51.72 71.74 84.22 40.87 36.90 12.20 11.09 35.43 34.78 212.50

73 E L Forge Ltd. Automobile ancillaries 86.79 69.89 75.37 54.64 78.18% 119.76 113.57 0.48 2.53 10.65 15.24% 82.81 100.57 161.69 146.20 99.22 37.44 0.78 0.98 112.25 129.93 216.20

74 Bimetal Bearings Ltd. Thickwall, thinwall bearings 122.62 114.22 94.50 83.84 73.40% 31.23 29.50 2.84 15.70 16.81 14.72% 80.79 80.21 35.38 42.35 75.83 94.88 8.23 8.60 43.25 42.63 220.80

75 K E W Industries Ltd. Automobile ancillaries 53.23 62.92 50.39 51.90 82.49% 26.03 27.01 1.92 7.82 8.50 13.51% 202.44 211.20 23.65 39.46 35.00 33.47 45.57 56.28 104.17 101.54 221.40

76 Rambal Ltd. Fuel injection equipment spares 61.49 49.32 45.36 35.93 72.85% 25.37 24.35 1.48 12.25 8.90 18.05% 66.87 99.29 51.75 74.95 38.77 58.38 19.41 23.18 20.41 24.77 221.60

77 Triton Valves Ltd. Engine valves 78.41 91.36 65.53 79.45 86.96% 28.81 29.09 2.73 9.47 12.39 13.56% 73.75 69.99 14.81 35.87 57.45 52.17 18.24 23.75 28.37 31.81 227.10

78 Yuken India Ltd. Fuel pumps 96.88 114.48 74.29 85.42 74.62% 26.95 23.82 3.59 7.75 15.67 13.69% 112.08 101.73 64.72 98.13 98.94 73.95 18.41 16.09 30.40 26.53 227.90

79 Perfect Circle India Ltd. Automobile engine parts 75.23 78.86 46.81 47.26 59.93% 45.43 42.00 1.13 9.46 16.23 20.58% 58.24 44.29 62.35 52.19 28.55 33.21 21.01 34.12 62.02 77.80 229.70

80 Mivin Engineering Technologies Pvt. Ltd. Hydraulic pumps 17.80 20.17 15.73 17.00 84.28% 8.03 6.71 2.53 1.22 1.32 6.54% 25.04 22.90 59.15 52.57 24.99 28.82 30.59 29.87 31.46 30.77 229.80

81 Lamina Suspension Products Ltd. Leaf springs (Automotive) 76.31 70.17 66.13 53.87 76.77% 9.94 9.84 5.47 6.20 7.30 10.40% 72.36 76.66 80.10 109.36 29.86 37.22 15.46 19.11 45.01 57.05 231.60

82 Automobile Corpn. Of Goa Ltd. Bus body 324.24 233.86 288.69 220.57 94.32% 42.62 46.66 4.73 31.95 0.76 0.32% 39.64 34.01 62.19 90.90 15.35 40.00 12.88 11.92 14.54 14.28 233.40

83 Amtek Ring Gears Ltd. Flywheel ring gears 232.96 232.96 176.09 176.09 75.59% 101.24 101.24 1.74 53.56 53.56 22.99% 60.32 60.32 91.78 91.78 27.88 27.88 84.32 84.32 91.80 91.80 234.10

84 I P Pins & Liners Ltd. Automobile engine parts 17.45 20.83 14.48 16.85 80.89% 13.06 13.84 1.22 1.54 2.47 11.86% 66.48 58.42 79.52 99.46 25.31 29.54 30.72 28.74 37.30 32.16 234.40

85 Rane Engine Valve Ltd. Engine valves 219.39 235.16 164.76 165.10 70.21% 123.17 122.90 1.34 24.24 29.06 12.36% 53.26 54.37 50.03 59.00 59.11 64.29 10.46 12.63 26.70 30.92 239.30

86 Federal-Mogul Bearings India Ltd. Bimetal bearings 38.98 51.9 33.96 37.22 71.71% 21.62 20.41 1.82 -7.37 6.40 12.33% 88.87 68.37 120.82 88.28 47.85 44.04 13.90 13.38 84.49 65.99 240.70

87 Bharat Gears Ltd. Gears including crown wheels 242.05 249.61 207.93 206.81 82.85% 68.29 62.50 3.31 22.25 25.23 10.11% 73.29 67.16 75.70 99.67 42.76 44.90 15.68 16.34 28.91 32.53 241.30

88 Apex Auto Ltd. Other Automobile ancillaries, nec 102.02 89.67 66.89 61.97 69.11% 71.56 63.81 0.97 16.90 20.63 23.01% 20.61 21.55 24.90 26.29 55.55 58.59 18.12 17.11 36.86 35.68 241.40

89 Sakthi Auto Ancillary Pvt. Ltd. Auto castings 56.83 42.93 48.93 37.62 87.63% 16.06 17.60 2.14 5.72 4.82 11.23% 49.91 70.19 60.42 102.37 35.01 56.07 10.37 15.48 13.60 19.53 242.70

90 Roto Pumps Ltd. Rotor pumps 49.56 49.7 34.84 33.40 67.20% 8.11 16.95 1.97 7.58 8.75 17.61% 66.04 74.32 49.18 64.74 70.06 86.66 10.24 10.11 89.58 99.57 243.00

91 Haldex India Ltd. Suspension & braking parts, nec. 46.43 60.61 38.97 48.59 80.17% 15.92 15.37 3.16 0.89 7.19 11.86% 72.60 29.65 79.04 71.57 135.89 72.39 16.65 9.17 25.79 22.41 243.40

92 Hella India Lighting Ltd. Auto bulbs 23.78 36.12 23.31 31.89 88.29% 5.93 9.46 3.37 -3.32 0.78 2.16% 47.14 39.54 158.66 141.45 51.78 48.27 6.43 3.91 33.70 27.32 245.30

93 Liners India Ltd. Cylinder liners 77.10 87.49 37.47 41.06 46.93% 22.61 24.29 1.69 6.18 8.76 10.01% 77.90 73.88 57.74 57.54 42.74 44.94 37.70 46.79 50.67 55.52 248.70

94 Kalyani Forge Ltd. Automobile ancillaries 162.80 163.82 140.19 138.14 84.32% 72.42 81.41 1.70 16.41 20.82 12.71% 100.39 93.55 85.58 92.78 57.11 55.86 22.71 22.17 28.90 27.87 248.80

95 H V Transmissions Ltd. Drive transmission & steering parts 141.85 205.25 62.92 88.70 43.22% 266.48 283.20 0.31 60.23 114.61 55.84% 0.04 0.15 141.50 109.24 330.25 243.23 10.70 8.19 12.33 9.37 252.90

96 Mahindra Gears & Transmissions Pvt. Ltd. Automobile ancillaries 72.77 73.32 54.48 56.66 77.28% 36.12 33.77 1.68 12.71 8.97 12.23% 90.56 90.63 64.10 61.79 53.64 48.71 28.24 31.89 59.33 63.11 254.00

97 Ghatge Patil Inds. Ltd. Auto castings 271.03 218.61 233.07 176.13 80.57% 56.49 53.42 3.30 31.04 31.46 14.39% 53.91 56.18 47.67 49.04 51.11 61.99 21.09 31.82 34.02 51.08 255.30

98 H M M Coaches Ltd. Automobile bodies 68.21 83.19 62.58 77.04 92.61% 45.34 43.82 1.76 7.42 5.03 6.05% 82.06 35.75 84.67 88.26 29.38 27.48 35.74 35.19 40.14 37.31 255.80

99 Simmonds Marshall Ltd. Other Automobile ancillaries, nec 33.21 48.67 24.08 32.40 66.57% 10.79 11.52 2.81 5.50 9.97 20.48% 79.10 73.36 38.96 59.00 128.06 119.90 42.19 24.26 76.59 44.85 256.90

100 Pinnacle Industries Ltd. Automobile ancillaries 66.06 86.25 56.19 73.70 85.45% 22.43 21.01 3.51 5.15 8.05 9.33% 83.30 45.01 120.07 78.09 80.31 68.30 19.99 18.23 22.92 20.46 257.50

101 Irizar T V S Ltd. Automobile bodies 80.12 79.25 70.12 69.61 87.84% 4.84 31.66 2.20 5.40 7.28 9.19% 36.66 62.63 100.23 114.47 56.80 71.91 17.89 13.97 18.16 14.17 257.60

102 I P Rings Ltd. Piston rings 48.30 67.64 33.74 46.01 68.02% 33.25 38.47 1.20 7.23 13.68 20.22% 80.00 55.19 48.65 58.37 120.44 88.77 21.79 17.93 43.65 38.07 259.90

103 M & M Auto Inds. Ltd. Leaf springs (Automotive) 39.96 45.33 33.53 39.47 87.07% 33.17 38.85 1.02 6.91 6.61 14.58% 20.79 13.43 57.80 104.05 24.66 21.36 59.96 79.12 66.23 89.68 261.00

104 Clutch Auto Ltd. Drive transmission & steering parts 195.60 229.91 150.55 178.69 77.72% 133.33 159.03 1.12 26.92 36.68 15.95% 165.13 150.75 100.82 93.18 44.11 42.28 62.17 60.76 74.03 68.30 261.90

105 Universal Radiators Ltd. Radiators 15.56 13.46 11.59 9.32 69.24% 3.56 3.42 2.73 3.01 2.90 21.55% 82.82 97.85 182.63 247.28 135.90 186.31 13.19 24.31 16.22 27.73 263.00

106 Shivam Autotech Ltd. Automobile ancillaries 143.02 194.03 105.75 145.20 74.83% 101.65 234.89 0.62 32.32 45.55 23.48% 39.28 39.66 70.45 139.90 63.23 78.89 11.81 16.51 12.60 18.34 263.30

107 Raunaq Automotive Components Ltd. Drive transmission & steering parts 58.42 65.15 50.67 54.08 83.01% 20.95 28.60 1.89 6.17 8.07 12.39% 40.14 39.70 48.94 77.86 48.70 57.04 16.84 19.56 32.76 34.26 271.50

108 J B M Auto Ltd. Automobile ancillaries 216.15 237.47 179.46 217.04 91.40% 88.32 82.24 2.64 36.74 30.69 12.92% 86.57 100.24 115.72 120.30 37.26 40.32 70.63 58.12 71.95 61.40 271.90

109 Rasandik Engineering Inds. India Ltd. Automobile ancillaries, nec 197.33 229.69 166.50 187.38 81.58% 150.32 151.95 1.23 25.60 28.54 12.43% 34.86 32.30 132.53 142.51 32.37 35.66 34.52 27.25 41.43 40.45 272.70

110 Kalyani Thermal Systems Ltd. Automobile ancillaries 143.41 200.55 124.30 154.27 76.92% 87.28 131.60 1.17 21.37 34.66 17.28% 69.79 54.45 122.53 100.60 43.21 69.79 26.57 27.75 30.02 30.06 276.30

111 I A I Industries Ltd. Automobile ancillaries 22.06 21.65 18.07 20.27 93.63% 6.57 6.04 3.36 2.26 0.94 4.34% 50.22 42.20 93.27 71.41 93.58 108.57 23.67 16.29 24.12 16.57 280.20

112 Adroit Industries (India) Ltd. Propeller shafts 24.39 16.74 14.82 12.43 74.25% 5.08 4.56 2.73 4.41 4.80 28.67% 53.30 72.51 45.47 54.83 164.60 271.36 35.42 46.23 48.35 75.01 282.70

AUTO

ANCILLAR

IES

small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 76: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com74 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

113 Schrader Duncan Ltd. Automobile engine parts 53.06 56.71 42.38 48.90 86.23% 2.69 32.88 1.49 2.78 3.81 6.72% 69.89 65.87 58.28 67.00 47.13 59.86 28.56 26.55 45.13 44.25 284.20

114 Kinetic Engineering Ltd. Automobile ancillaries 71.24 48.7 71.89 54.18 111.25% 120.07 98.97 0.55 -5.38 14.34 29.45% 267.57 186.33 181.30 267.50 97.17 107.37 18.13 24.76 22.20 27.06 285.70

115 Uni Klinger Ltd. Automobile engine parts 34.09 39.2 25.10 27.59 70.38% 13.79 12.78 2.16 4.85 5.12 13.06% 71.39 79.12 68.62 63.01 133.24 113.81 58.85 46.01 81.08 61.77 286.00

116 Talbros Automotive Components Ltd. Gaskets 192.12 228.7 140.15 167.97 73.45% 92.67 98.54 1.70 19.82 27.96 12.23% 75.90 68.69 98.38 92.51 92.14 84.90 28.18 32.32 51.83 52.03 288.70

117 Eimco-K C P Ltd. Automobile engine parts 26.45 28.32 22.63 23.56 83.19% 2.11 2.01 11.72 2.34 2.23 7.87% 155.98 166.59 152.95 120.19 51.37 68.32 50.72 58.38 58.21 63.16 288.70

118 Exedy India Ltd. Drive transmission & steering parts 98.91 147 86.83 127.97 87.05% 54.40 52.35 2.44 3.78 12.41 8.44% 57.90 48.97 119.02 110.96 68.07 53.87 47.77 31.80 52.21 35.74 293.50

119 Madras Radiators & Pressings Ltd. Automobile ancillaries, nec 23.92 28.43 22.13 25.29 88.96% 2.03 2.65 9.54 0.39 2.37 8.34% 97.48 92.60 57.90 377.79 105.58 96.09 33.31 40.39 35.53 41.33 306.10

120 Ramkrishna Forgings Ltd. Automobile ancillaries 220.30 284.09 199.46 230.74 81.22% 172.43 181.87 1.27 37.51 45.67 16.08% 57.64 52.08 66.55 56.01 120.96 93.66 62.86 70.01 65.42 73.02 306.10

121 Pradeep Metals Ltd. Automobile ancillaries 82.92 52.75 65.18 46.28 87.73% 15.98 15.69 2.95 7.35 5.81 11.01% 78.07 120.40 54.65 66.69 91.18 147.38 50.52 74.13 51.98 77.02 306.40

122 Gajra Gears Pvt. Ltd. Gears including crown wheels 120.54 105.15 95.39 73.22 69.63% 43.42 36.83 1.99 9.11 10.02 9.53% 51.08 61.75 169.46 183.85 63.79 85.50 31.91 42.21 92.61 117.69 315.20

123 Lumax Automotive Systems Ltd. Automotive filters 100.28 101.05 83.36 84.46 83.58% 66.98 61.90 1.36 9.60 6.59 6.52% 73.02 78.85 123.00 147.59 76.33 94.18 34.29 36.29 41.21 43.88 322.50

124 A N G Industries Ltd. Suspension & braking parts 115.00 106 79.97 81.15 76.56% 76.00 100.61 0.81 21.86 16.72 15.77% 121.03 97.49 84.02 114.39 201.43 226.95 94.56 104.66 145.04 143.51 328.70

125 Shardlow India Ltd. Crankshafts 68.61 82.23 59.66 65.92 80.17% 18.47 17.50 3.77 -1.94 8.12 9.87% 44.03 33.13 144.60 121.08 106.77 99.36 78.15 45.48 86.95 52.16 328.80

126 J M T Auto Ltd. Drive transmission & steering parts 189.12 190.89 147.46 145.99 76.48% 169.47 167.89 0.87 40.05 41.06 21.51% 40.89 43.19 82.07 93.53 66.56 88.57 167.69 173.14 179.42 188.77 329.80

A U T O M O B I L E

1 Apollo Industrial Products Ltd. Construction machinery 21.15 23.06 19.06 19.91 86.34% 0.89 0.91 21.88 1.50 2.34 10.15% 151.01 172.65 118.62 71.03 39.60 35.92 0.76 0.46 18.27 18.29 13.40

2 Milton Cycle Inds. Ltd. Bicycle parts & accessories 60.55 79.13 57.91 73.93 93.43% 4.53 5.73 12.90 1.27 1.69 2.14% 68.32 44.36 81.32 94.45 19.64 22.28 7.07 7.30 7.89 7.95 18.50

3 Jost'S Engineering Co. Ltd. Material handling equipment 49.01 60.05 28.51 26.20 43.63% 1.46 1.61 16.27 3.17 4.42 7.36% 97.75 92.58 130.72 121.56 62.91 67.87 4.93 5.74 23.10 22.12 22.40

4 Atul Auto Ltd. Three wheelers 120.40 120.29 100.29 101.47 84.35% 30.08 41.78 2.43 5.43 13.80 11.47% 10.62 11.23 31.06 38.11 51.34 58.40 16.40 9.50 19.50 12.39 23.30

5 Faiveley Transport India Ltd. Parts of railways & tramways, nec 173.85 248.61 108.20 156.83 63.08% 23.17 25.80 6.08 38.30 49.17 19.78% 121.50 126.20 150.29 115.80 74.30 99.24 12.70 9.57 12.12 13.08 24.10

6 Gujarat Apollo Inds. Ltd. Other construction machinery 162.22 196.21 119.35 132.92 67.74% 27.51 51.08 2.60 35.66 44.83 22.85% 49.73 50.94 40.19 34.81 49.44 52.76 24.57 27.37 45.52 45.32 25.60

7 Stone India Ltd. Railway & tramway equipment 80.53 94.16 74.64 73.19 77.73% 29.99 39.93 1.83 -3.66 10.98 11.66% 99.12 86.32 111.93 109.47 46.22 53.21 21.62 23.56 24.93 28.27 26.50

8 Mahindra Gujarat Tractor Ltd. Tractors 72.81 75.17 50.55 45.29 60.25% 2.14 2.01 22.53 0.72 4.78 6.36% 52.56 51.78 104.68 79.72 64.11 73.78 12.99 17.41 37.57 37.41 28.30

9 H M T Ltd. Tractors 162.14 200.74 169.07 184.34 91.83% 39.07 39.46 4.67 -5.79 16.93 8.43% 354.68 277.46 203.61 207.84 68.03 59.31 22.94 18.45 74.56 43.45 30.70

10 Hercules Hoists Ltd. Material handling equipment 94.39 84.53 54.29 54.10 64.00% 31.80 32.94 1.64 31.99 22.99 27.20% 65.80 62.11 38.41 61.15 139.30 146.79 19.26 11.61 19.85 13.73 31.60

11 Apollo Earthmovers Ltd. Construction machinery 56.60 46.49 48.10 37.20 80.02% 4.95 9.07 4.10 11.24 8.72 18.76% 8.19 25.67 32.46 162.21 18.88 57.83 13.06 27.43 19.04 33.65 31.60

12 San Engineering & Locomotive Co. Ltd. Locomotives 54.24 72.39 43.16 51.82 71.58% 11.67 11.78 4.40 8.24 13.70 18.93% 98.60 66.47 94.51 66.84 96.13 76.21 49.61 43.23 53.63 46.40 34.40

13Andhra Pradesh Heavy Machinery & Engg. Ltd.

Material handling equipment 61.67 57.26 41.61 41.35 72.21% 3.24 3.16 13.09 4.61 8.33 14.55% 88.00 107.63 77.72 100.37 127.46 77.56 22.42 32.86 44.33 91.21 36.80

14 Burn Standard Co. Ltd. Railway & tramway equipment 166.65 217.2 163.44 176.78 81.39% 30.95 34.88 5.07 -98.38 3.48 1.60% 152.84 129.57 1062.14 951.31 124.22 106.25 29.87 22.62 50.73 36.37 37.40

15 Skyline Millars Ltd. Construction machinery 16.30 22.44 19.73 23.20 103.39% 2.08 1.88 12.34 6.06 5.29 23.57% 54.91 45.68 239.86 185.34 107.09 118.87 23.85 24.66 38.76 37.50 40.20

16 Tractor Engineers Ltd. Crawler tractors 167.60 134.29 172.57 105.18 78.32% 38.35 37.17 2.83 -11.20 9.20 6.85% 95.65 107.85 60.93 124.62 114.84 134.82 0.16 13.88 57.42 87.48 40.80

17 Eimco Elecon (India) Ltd. Mining machinery 147.97 163.93 89.63 117.52 71.69% 36.16 30.50 3.85 31.65 27.26 16.63% 91.94 113.01 80.27 77.18 220.63 198.66 39.65 46.56 51.01 55.82 43.50

18 Brady & Morris Engg. Co. Ltd. Other material handling equipment 26.13 26.97 17.06 17.48 64.81% 11.09 10.26 1.70 2.90 2.82 10.46% 90.01 150.95 225.13 344.41 74.64 134.85 157.18 130.98 107.28 116.78 47.10

C E M E N T

1 Sainik Finance & Inds. Ltd. Ordinary portland cement 13.33 15.06 11.81 13.60 90.31% 6.60 6.28 2.17 1.36 2.03 13.48% 151.17 98.38 48.44 31.20 50.41 36.23 7.99 1.81 22.06 13.82 14.00

2 Barak Valley Cements Ltd. Cement 88.00 112.15 54.70 67.85 60.50% 49.32 46.02 1.47 18.17 23.32 20.79% 20.01 16.84 42.24 41.16 96.69 65.53 12.43 3.13 15.96 8.86 15.70

3 Srichakra Cements Ltd. Cement 97.78 109.24 61.33 84.48 77.33% 45.03 42.04 2.01 5.51 7.18 6.57% 15.41 13.90 161.76 131.43 97.80 62.16 6.00 3.38 6.46 4.74 19.40

4 Shiva Cement Ltd. Cement 24.32 39.71 15.49 20.61 51.90% 71.16 77.64 0.27 4.47 9.69 24.40% 49.99 40.31 54.18 42.19 178.02 145.85 12.36 7.62 15.12 8.04 24.90

5 Deccan Cements Ltd. Cement 184.34 296.85 101.94 181.06 60.99% 396.43 436.81 0.41 66.67 75.93 25.58% 2.77 6.58 96.90 41.41 65.95 71.60 14.15 12.87 18.08 20.77 25.20

6 Hemadri Cements Ltd. Cement 51.70 46.17 37.41 36.47 78.99% 7.77 7.71 4.73 4.55 35.93 77.82% 4.21 4.86 68.14 93.19 79.51 85.06 0.93 8.56 1.36 9.31 25.60

7 Deva Drill Tech (India) Ltd. Oil well cement 16.93 16.93 10.78 10.78 63.67% 8.82 8.82 1.22 3.95 3.95 23.33% 47.82 47.82 17.58 17.58 70.01 70.01 21.17 21.17 107.04 107.04 26.30

8 Andhra Cements Ltd. Cement 368.04 293.49 244.22 234.43 79.88% 99.68 76.88 3.05 68.71 12.29 4.19% 22.61 22.32 72.00 92.13 187.02 107.16 5.27 7.21 8.98 9.03 26.80

9 Anjani Portland Cement Ltd. Cement 127.57 119.61 79.38 83.16 69.53% 55.67 217.60 0.38 34.59 26.67 22.30% 20.23 24.07 35.59 55.25 73.36 78.75 19.35 16.42 18.21 17.38 27.70

10 Kakatiya Cement Sugar & Inds. Ltd. Cement 173.77 112.94 89.83 70.83 62.71% 85.49 82.34 0.86 37.76 23.40 20.72% 22.00 31.14 26.80 19.45 110.77 133.59 10.82 15.74 110.74 48.11 30.80

11 Keerthi Industries Ltd. Cement 61.19 62.59 37.81 47.90 76.53% 34.57 31.54 1.52 17.63 12.63 20.18% 20.73 10.99 107.03 83.62 164.39 140.38 2.29 10.00 2.93 11.10 32.60

12 N C L Industries Ltd. Cement 305.42 234.3 190.39 133.56 57.00% 274.08 461.09 0.29 75.25 68.38 29.18% 40.66 62.08 83.97 146.78 82.31 154.42 3.49 8.37 32.97 51.80 33.10

13 Panyam Cements & Mineral Inds. Ltd. Cement 177.49 135.19 101.24 83.69 61.91% 25.30 23.86 3.51 56.63 36.05 26.67% 18.59 33.00 237.53 304.47 132.80 168.43 10.60 22.87 12.12 26.45 36.50

14 P R Cements Ltd. Ordinary portland cement 16.18 10.49 15.76 9.83 93.71% 7.98 7.34 1.34 1.06 0.44 4.19% 22.52 54.25 106.53 167.32 98.20 133.28 26.69 86.64 26.75 87.06 41.20

15 Shree Digvijay Cement Co. Ltd. Cement 306.97 264.25 220.57 172.95 65.45% 76.08 107.54 1.61 39.50 43.97 16.64% 15.41 24.02 52.43 80.40 157.56 261.52 16.04 31.59 26.17 39.73 41.80

16 Bheema Cements Ltd. Cement 73.76 83.49 41.64 61.56 73.73% 177.07 215.89 0.29 28.34 18.68 22.37% 42.63 60.96 248.02 185.09 333.14 167.62 25.27 49.66 25.12 48.60 42.20

17 Malabar Cements Ltd. Cement 213.04 145.12 154.04 114.46 78.87% 65.82 63.58 1.80 53.29 36.49 25.14% 2.71 3.28 40.36 55.62 197.43 300.49 13.57 40.31 19.16 50.88 46.00

18 Vinay Cements Ltd. Ordinary portland cement 34.41 39.53 31.06 27.69 70.05% 16.19 14.97 1.85 0.69 3.86 9.76% 187.53 171.62 189.05 322.05 204.70 241.14 64.10 97.39 86.55 125.45 46.40

C H E M I C A L S

1 Sulux Phosphates Ltd. Phosphates 10.36 10.18 9.60 9.34 91.75% 0.32 0.32 29.19 0.31 0.49 4.81% 28.84 36.14 20.28 27.47 9.18 6.37 0.38 0.20 8.38 9.42 110.20

2 Shree Sulphurics Pvt. Ltd. Sulphuric acid 69.62 36.57 59.00 28.29 77.36% 13.83 14.05 2.01 7.89 5.90 16.13% 25.32 72.17 21.08 47.27 8.45 22.94 1.12 1.14 2.59 3.10 114.80

3 Keltech Energies Ltd. Explosives 114.27 111.38 80.80 81.00 72.72% 12.07 13.13 6.17 9.34 10.42 9.36% 49.43 53.43 63.65 58.61 35.92 27.91 2.07 0.31 6.88 4.72 128.50

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 75www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

113 Schrader Duncan Ltd. Automobile engine parts 53.06 56.71 42.38 48.90 86.23% 2.69 32.88 1.49 2.78 3.81 6.72% 69.89 65.87 58.28 67.00 47.13 59.86 28.56 26.55 45.13 44.25 284.20

114 Kinetic Engineering Ltd. Automobile ancillaries 71.24 48.7 71.89 54.18 111.25% 120.07 98.97 0.55 -5.38 14.34 29.45% 267.57 186.33 181.30 267.50 97.17 107.37 18.13 24.76 22.20 27.06 285.70

115 Uni Klinger Ltd. Automobile engine parts 34.09 39.2 25.10 27.59 70.38% 13.79 12.78 2.16 4.85 5.12 13.06% 71.39 79.12 68.62 63.01 133.24 113.81 58.85 46.01 81.08 61.77 286.00

116 Talbros Automotive Components Ltd. Gaskets 192.12 228.7 140.15 167.97 73.45% 92.67 98.54 1.70 19.82 27.96 12.23% 75.90 68.69 98.38 92.51 92.14 84.90 28.18 32.32 51.83 52.03 288.70

117 Eimco-K C P Ltd. Automobile engine parts 26.45 28.32 22.63 23.56 83.19% 2.11 2.01 11.72 2.34 2.23 7.87% 155.98 166.59 152.95 120.19 51.37 68.32 50.72 58.38 58.21 63.16 288.70

118 Exedy India Ltd. Drive transmission & steering parts 98.91 147 86.83 127.97 87.05% 54.40 52.35 2.44 3.78 12.41 8.44% 57.90 48.97 119.02 110.96 68.07 53.87 47.77 31.80 52.21 35.74 293.50

119 Madras Radiators & Pressings Ltd. Automobile ancillaries, nec 23.92 28.43 22.13 25.29 88.96% 2.03 2.65 9.54 0.39 2.37 8.34% 97.48 92.60 57.90 377.79 105.58 96.09 33.31 40.39 35.53 41.33 306.10

120 Ramkrishna Forgings Ltd. Automobile ancillaries 220.30 284.09 199.46 230.74 81.22% 172.43 181.87 1.27 37.51 45.67 16.08% 57.64 52.08 66.55 56.01 120.96 93.66 62.86 70.01 65.42 73.02 306.10

121 Pradeep Metals Ltd. Automobile ancillaries 82.92 52.75 65.18 46.28 87.73% 15.98 15.69 2.95 7.35 5.81 11.01% 78.07 120.40 54.65 66.69 91.18 147.38 50.52 74.13 51.98 77.02 306.40

122 Gajra Gears Pvt. Ltd. Gears including crown wheels 120.54 105.15 95.39 73.22 69.63% 43.42 36.83 1.99 9.11 10.02 9.53% 51.08 61.75 169.46 183.85 63.79 85.50 31.91 42.21 92.61 117.69 315.20

123 Lumax Automotive Systems Ltd. Automotive filters 100.28 101.05 83.36 84.46 83.58% 66.98 61.90 1.36 9.60 6.59 6.52% 73.02 78.85 123.00 147.59 76.33 94.18 34.29 36.29 41.21 43.88 322.50

124 A N G Industries Ltd. Suspension & braking parts 115.00 106 79.97 81.15 76.56% 76.00 100.61 0.81 21.86 16.72 15.77% 121.03 97.49 84.02 114.39 201.43 226.95 94.56 104.66 145.04 143.51 328.70

125 Shardlow India Ltd. Crankshafts 68.61 82.23 59.66 65.92 80.17% 18.47 17.50 3.77 -1.94 8.12 9.87% 44.03 33.13 144.60 121.08 106.77 99.36 78.15 45.48 86.95 52.16 328.80

126 J M T Auto Ltd. Drive transmission & steering parts 189.12 190.89 147.46 145.99 76.48% 169.47 167.89 0.87 40.05 41.06 21.51% 40.89 43.19 82.07 93.53 66.56 88.57 167.69 173.14 179.42 188.77 329.80

A U T O M O B I L E

1 Apollo Industrial Products Ltd. Construction machinery 21.15 23.06 19.06 19.91 86.34% 0.89 0.91 21.88 1.50 2.34 10.15% 151.01 172.65 118.62 71.03 39.60 35.92 0.76 0.46 18.27 18.29 13.40

2 Milton Cycle Inds. Ltd. Bicycle parts & accessories 60.55 79.13 57.91 73.93 93.43% 4.53 5.73 12.90 1.27 1.69 2.14% 68.32 44.36 81.32 94.45 19.64 22.28 7.07 7.30 7.89 7.95 18.50

3 Jost'S Engineering Co. Ltd. Material handling equipment 49.01 60.05 28.51 26.20 43.63% 1.46 1.61 16.27 3.17 4.42 7.36% 97.75 92.58 130.72 121.56 62.91 67.87 4.93 5.74 23.10 22.12 22.40

4 Atul Auto Ltd. Three wheelers 120.40 120.29 100.29 101.47 84.35% 30.08 41.78 2.43 5.43 13.80 11.47% 10.62 11.23 31.06 38.11 51.34 58.40 16.40 9.50 19.50 12.39 23.30

5 Faiveley Transport India Ltd. Parts of railways & tramways, nec 173.85 248.61 108.20 156.83 63.08% 23.17 25.80 6.08 38.30 49.17 19.78% 121.50 126.20 150.29 115.80 74.30 99.24 12.70 9.57 12.12 13.08 24.10

6 Gujarat Apollo Inds. Ltd. Other construction machinery 162.22 196.21 119.35 132.92 67.74% 27.51 51.08 2.60 35.66 44.83 22.85% 49.73 50.94 40.19 34.81 49.44 52.76 24.57 27.37 45.52 45.32 25.60

7 Stone India Ltd. Railway & tramway equipment 80.53 94.16 74.64 73.19 77.73% 29.99 39.93 1.83 -3.66 10.98 11.66% 99.12 86.32 111.93 109.47 46.22 53.21 21.62 23.56 24.93 28.27 26.50

8 Mahindra Gujarat Tractor Ltd. Tractors 72.81 75.17 50.55 45.29 60.25% 2.14 2.01 22.53 0.72 4.78 6.36% 52.56 51.78 104.68 79.72 64.11 73.78 12.99 17.41 37.57 37.41 28.30

9 H M T Ltd. Tractors 162.14 200.74 169.07 184.34 91.83% 39.07 39.46 4.67 -5.79 16.93 8.43% 354.68 277.46 203.61 207.84 68.03 59.31 22.94 18.45 74.56 43.45 30.70

10 Hercules Hoists Ltd. Material handling equipment 94.39 84.53 54.29 54.10 64.00% 31.80 32.94 1.64 31.99 22.99 27.20% 65.80 62.11 38.41 61.15 139.30 146.79 19.26 11.61 19.85 13.73 31.60

11 Apollo Earthmovers Ltd. Construction machinery 56.60 46.49 48.10 37.20 80.02% 4.95 9.07 4.10 11.24 8.72 18.76% 8.19 25.67 32.46 162.21 18.88 57.83 13.06 27.43 19.04 33.65 31.60

12 San Engineering & Locomotive Co. Ltd. Locomotives 54.24 72.39 43.16 51.82 71.58% 11.67 11.78 4.40 8.24 13.70 18.93% 98.60 66.47 94.51 66.84 96.13 76.21 49.61 43.23 53.63 46.40 34.40

13Andhra Pradesh Heavy Machinery & Engg. Ltd.

Material handling equipment 61.67 57.26 41.61 41.35 72.21% 3.24 3.16 13.09 4.61 8.33 14.55% 88.00 107.63 77.72 100.37 127.46 77.56 22.42 32.86 44.33 91.21 36.80

14 Burn Standard Co. Ltd. Railway & tramway equipment 166.65 217.2 163.44 176.78 81.39% 30.95 34.88 5.07 -98.38 3.48 1.60% 152.84 129.57 1062.14 951.31 124.22 106.25 29.87 22.62 50.73 36.37 37.40

15 Skyline Millars Ltd. Construction machinery 16.30 22.44 19.73 23.20 103.39% 2.08 1.88 12.34 6.06 5.29 23.57% 54.91 45.68 239.86 185.34 107.09 118.87 23.85 24.66 38.76 37.50 40.20

16 Tractor Engineers Ltd. Crawler tractors 167.60 134.29 172.57 105.18 78.32% 38.35 37.17 2.83 -11.20 9.20 6.85% 95.65 107.85 60.93 124.62 114.84 134.82 0.16 13.88 57.42 87.48 40.80

17 Eimco Elecon (India) Ltd. Mining machinery 147.97 163.93 89.63 117.52 71.69% 36.16 30.50 3.85 31.65 27.26 16.63% 91.94 113.01 80.27 77.18 220.63 198.66 39.65 46.56 51.01 55.82 43.50

18 Brady & Morris Engg. Co. Ltd. Other material handling equipment 26.13 26.97 17.06 17.48 64.81% 11.09 10.26 1.70 2.90 2.82 10.46% 90.01 150.95 225.13 344.41 74.64 134.85 157.18 130.98 107.28 116.78 47.10

C E M E N T

1 Sainik Finance & Inds. Ltd. Ordinary portland cement 13.33 15.06 11.81 13.60 90.31% 6.60 6.28 2.17 1.36 2.03 13.48% 151.17 98.38 48.44 31.20 50.41 36.23 7.99 1.81 22.06 13.82 14.00

2 Barak Valley Cements Ltd. Cement 88.00 112.15 54.70 67.85 60.50% 49.32 46.02 1.47 18.17 23.32 20.79% 20.01 16.84 42.24 41.16 96.69 65.53 12.43 3.13 15.96 8.86 15.70

3 Srichakra Cements Ltd. Cement 97.78 109.24 61.33 84.48 77.33% 45.03 42.04 2.01 5.51 7.18 6.57% 15.41 13.90 161.76 131.43 97.80 62.16 6.00 3.38 6.46 4.74 19.40

4 Shiva Cement Ltd. Cement 24.32 39.71 15.49 20.61 51.90% 71.16 77.64 0.27 4.47 9.69 24.40% 49.99 40.31 54.18 42.19 178.02 145.85 12.36 7.62 15.12 8.04 24.90

5 Deccan Cements Ltd. Cement 184.34 296.85 101.94 181.06 60.99% 396.43 436.81 0.41 66.67 75.93 25.58% 2.77 6.58 96.90 41.41 65.95 71.60 14.15 12.87 18.08 20.77 25.20

6 Hemadri Cements Ltd. Cement 51.70 46.17 37.41 36.47 78.99% 7.77 7.71 4.73 4.55 35.93 77.82% 4.21 4.86 68.14 93.19 79.51 85.06 0.93 8.56 1.36 9.31 25.60

7 Deva Drill Tech (India) Ltd. Oil well cement 16.93 16.93 10.78 10.78 63.67% 8.82 8.82 1.22 3.95 3.95 23.33% 47.82 47.82 17.58 17.58 70.01 70.01 21.17 21.17 107.04 107.04 26.30

8 Andhra Cements Ltd. Cement 368.04 293.49 244.22 234.43 79.88% 99.68 76.88 3.05 68.71 12.29 4.19% 22.61 22.32 72.00 92.13 187.02 107.16 5.27 7.21 8.98 9.03 26.80

9 Anjani Portland Cement Ltd. Cement 127.57 119.61 79.38 83.16 69.53% 55.67 217.60 0.38 34.59 26.67 22.30% 20.23 24.07 35.59 55.25 73.36 78.75 19.35 16.42 18.21 17.38 27.70

10 Kakatiya Cement Sugar & Inds. Ltd. Cement 173.77 112.94 89.83 70.83 62.71% 85.49 82.34 0.86 37.76 23.40 20.72% 22.00 31.14 26.80 19.45 110.77 133.59 10.82 15.74 110.74 48.11 30.80

11 Keerthi Industries Ltd. Cement 61.19 62.59 37.81 47.90 76.53% 34.57 31.54 1.52 17.63 12.63 20.18% 20.73 10.99 107.03 83.62 164.39 140.38 2.29 10.00 2.93 11.10 32.60

12 N C L Industries Ltd. Cement 305.42 234.3 190.39 133.56 57.00% 274.08 461.09 0.29 75.25 68.38 29.18% 40.66 62.08 83.97 146.78 82.31 154.42 3.49 8.37 32.97 51.80 33.10

13 Panyam Cements & Mineral Inds. Ltd. Cement 177.49 135.19 101.24 83.69 61.91% 25.30 23.86 3.51 56.63 36.05 26.67% 18.59 33.00 237.53 304.47 132.80 168.43 10.60 22.87 12.12 26.45 36.50

14 P R Cements Ltd. Ordinary portland cement 16.18 10.49 15.76 9.83 93.71% 7.98 7.34 1.34 1.06 0.44 4.19% 22.52 54.25 106.53 167.32 98.20 133.28 26.69 86.64 26.75 87.06 41.20

15 Shree Digvijay Cement Co. Ltd. Cement 306.97 264.25 220.57 172.95 65.45% 76.08 107.54 1.61 39.50 43.97 16.64% 15.41 24.02 52.43 80.40 157.56 261.52 16.04 31.59 26.17 39.73 41.80

16 Bheema Cements Ltd. Cement 73.76 83.49 41.64 61.56 73.73% 177.07 215.89 0.29 28.34 18.68 22.37% 42.63 60.96 248.02 185.09 333.14 167.62 25.27 49.66 25.12 48.60 42.20

17 Malabar Cements Ltd. Cement 213.04 145.12 154.04 114.46 78.87% 65.82 63.58 1.80 53.29 36.49 25.14% 2.71 3.28 40.36 55.62 197.43 300.49 13.57 40.31 19.16 50.88 46.00

18 Vinay Cements Ltd. Ordinary portland cement 34.41 39.53 31.06 27.69 70.05% 16.19 14.97 1.85 0.69 3.86 9.76% 187.53 171.62 189.05 322.05 204.70 241.14 64.10 97.39 86.55 125.45 46.40

C H E M I C A L S

1 Sulux Phosphates Ltd. Phosphates 10.36 10.18 9.60 9.34 91.75% 0.32 0.32 29.19 0.31 0.49 4.81% 28.84 36.14 20.28 27.47 9.18 6.37 0.38 0.20 8.38 9.42 110.20

2 Shree Sulphurics Pvt. Ltd. Sulphuric acid 69.62 36.57 59.00 28.29 77.36% 13.83 14.05 2.01 7.89 5.90 16.13% 25.32 72.17 21.08 47.27 8.45 22.94 1.12 1.14 2.59 3.10 114.80

3 Keltech Energies Ltd. Explosives 114.27 111.38 80.80 81.00 72.72% 12.07 13.13 6.17 9.34 10.42 9.36% 49.43 53.43 63.65 58.61 35.92 27.91 2.07 0.31 6.88 4.72 128.50

AUTOM

OBILE

CEMEN

Tsmall manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

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www.industry20.com76 march 2012 | industry 2.0 - technology management for decision-makers

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

4 Nath Industrial Chemicals Ltd. Sulphuric acid & oleum 81.42 22.72 75.51 17.96 79.05% 6.90 8.12 2.21 14.30 3.89 17.12% 33.22 106.54 11.57 55.27 6.25 32.22 0.36 1.09 1.96 5.32 129.60

5 Anil Bioplus Ltd. Enzymes 9.08 16.44 6.60 12.69 77.19% 2.09 3.41 3.72 1.18 2.76 16.79% 134.37 130.76 86.75 91.83 25.03 19.91 5.78 4.08 24.00 15.06 130.50

6 Vasundhara Rasayans Ltd. Aluminium hydroxide 15.78 17.16 12.85 12.36 72.03% 3.63 6.57 1.88 1.86 2.11 12.30% 44.09 60.60 53.51 58.14 14.85 20.34 1.80 1.15 17.23 16.26 134.80

7 Chemcel Biotech Ltd. Pesticides 35.11 45.76 30.39 38.03 83.11% 1.22 1.16 32.78 3.35 3.11 6.80% 182.09 191.71 24.28 44.95 7.51 22.30 8.42 6.21 22.57 17.13 136.80

8 Gulshan Chemicals Ltd. Sodium hydrosulphites 49.73 50.86 40.69 41.95 82.48% 15.41 14.69 2.86 7.78 8.13 15.99% 57.26 65.71 20.11 29.79 20.54 25.89 2.86 2.64 12.37 11.42 137.00

9 Ashok Alco-Chem Ltd. Ethyl acetate 6.39 201.59 7.21 19.99 9.92% 10.81 9.36 2.14 -1.75 0.44 0.22% 558.73 49.78 484.73 84.52 40.80 17.32 2.35 1.08 19.62 5.11 137.10

10 Cabb Karnavati Rasayan Ltd. Monochloroacetic acid 62.15 61.89 46.54 47.72 77.10% 20.05 20.37 2.34 13.34 7.84 12.67% 47.74 70.42 33.63 34.29 15.32 22.12 2.12 4.73 7.87 12.74 137.30

11 Vinati Organics Ltd. Benzene 194.28 236.44 142.81 170.55 72.13% 44.70 79.63 2.14 38.49 60.10 25.42% 44.00 47.86 25.02 18.33 20.76 20.86 7.03 7.45 12.93 16.33 141.50

12 Fineotex Chemical Ltd. Chemicals 25.44 20.73 14.01 15.40 74.29% 3.50 3.50 4.40 4.91 5.38 25.95% 89.00 92.74 40.81 55.40 26.93 30.21 6.73 9.87 4.68 8.98 142.60

13 Aksharchem (India) Ltd. Dyes 57.26 80.54 49.23 68.46 85.00% 12.59 12.17 5.63 -3.54 4.16 5.17% 52.67 41.52 49.84 69.98 9.40 11.04 4.11 3.33 12.85 8.64 146.40

14 Jaysynth Dyestuff (India) Ltd. Dyes 80.28 86.63 30.48 39.15 45.19% 5.47 8.24 4.75 7.50 6.55 7.56% 77.70 84.97 73.38 91.50 21.82 24.61 0.43 0.62 28.65 27.41 150.90

15 Bhageria Dye-Chem Ltd.Sulphonated & nitrated derivatives of hydrocarbons

53.99 56.43 36.41 30.17 53.46% 4.69 4.17 7.24 0.29 3.45 6.11% 70.76 82.38 54.61 80.58 13.87 22.16 5.83 10.63 9.68 8.94 152.30

16 Pondy Oxides & Chemicals Ltd. Zinc oxide 108.36 147.99 96.29 133.39 90.13% 12.99 17.07 7.81 4.61 13.53 9.14% 51.80 39.98 15.86 21.69 16.24 19.27 4.20 3.01 16.15 26.08 156.80

17 Haryana Leather Chemicals Ltd. Leather auxilliaries 23.00 32.48 18.28 24.09 74.17% 6.98 7.34 3.28 2.51 4.52 13.92% 103.11 89.33 52.97 78.24 44.15 31.86 2.47 2.28 19.21 14.71 157.70

18 Shivalik Rasayan Ltd. Dimethoate 18.11 19.95 16.89 18.10 90.73% 1.56 1.54 11.75 0.42 0.70 3.51% 64.69 53.85 55.56 51.18 22.73 20.98 2.87 3.10 19.51 17.23 164.50

19 Camex Ltd. Phenol derivatives 88.13 114.17 16.68 17.00 14.89% 4.07 4.43 3.84 2.21 2.50 2.19% 84.61 106.92 65.10 94.10 13.60 11.82 22.79 35.34 8.30 10.76 164.80

20 Rencal Chemicals (India) Ltd. Inorganic chemicals 10.42 14.95 8.47 12.28 82.14% 5.18 4.94 2.49 0.32 0.92 6.15% 67.62 56.62 96.72 46.30 17.83 8.98 60.78 14.78 70.71 20.67 169.60

21 Navbharat Fuse Co. Ltd. Industrial explosives 89.89 85.54 71.04 70.64 82.58% 26.90 23.74 2.98 17.92 10.77 12.59% 86.61 106.73 74.49 68.93 27.63 40.80 1.04 1.67 8.37 8.51 169.70

22 Mayur Dye-Chem Intermediates Ltd. Dyes 141.20 161.08 139.86 148.03 91.90% 27.02 27.11 5.46 -6.14 6.51 4.04% 25.37 32.90 97.37 82.38 12.99 12.13 4.24 4.42 11.51 6.01 170.60

23 Shree Hari Chemicals Export Ltd. H acid 62.57 69.06 52.81 60.40 87.46% 10.43 15.50 3.90 0.46 5.64 8.17% 58.67 52.90 41.62 57.85 27.34 23.93 3.59 3.93 18.79 13.81 172.10

24 Laffans Petrochemicals Ltd. Organic chemicals 182.30 202.93 160.73 192.72 94.97% 28.48 30.88 6.24 14.08 10.39 5.12% 61.16 60.31 33.19 34.28 27.61 13.22 15.77 20.29 15.68 19.66 174.00

25 Mazda Colours Ltd. Pigments 82.64 96.82 67.45 73.21 75.61% 21.63 21.21 3.45 9.86 14.09 14.55% 77.08 80.37 51.58 77.98 18.81 19.93 24.60 17.84 31.58 21.95 174.90

26 N C L Alltek & Seccolor Ltd. Industrial paints 90.00 101.51 69.53 62.59 61.66% 21.39 24.72 2.53 14.46 22.34 22.01% 59.45 60.29 44.90 48.99 39.49 51.51 0.39 1.17 18.92 17.11 175.70

27 Prasol Chemicals Ltd. Phosphorous 89.76 105.85 73.00 92.22 87.12% 20.94 22.20 4.15 9.30 10.98 10.37% 45.89 50.09 39.52 55.83 23.11 18.87 5.83 7.58 13.78 21.25 176.20

28 Bhagiradha Chemicals & Inds. Ltd. Chemicals, nec 104.42 98.79 85.43 85.05 86.09% 38.41 35.70 2.38 15.12 8.99 9.10% 84.31 90.36 53.47 30.68 37.41 33.00 6.38 6.96 13.88 12.76 178.40

29 Dynemic Products Ltd. Dyes 49.80 63.6 40.52 49.63 78.03% 26.10 29.51 1.68 5.29 10.42 16.38% 49.25 57.86 33.17 26.27 23.89 20.74 19.02 11.10 35.24 30.55 178.50

30 Sree Rayalaseema Hi-Strength Hypo Ltd. Inorganic chemicals 202.78 175.37 130.30 100.74 57.44% 93.70 122.85 0.82 34.80 38.07 21.71% 29.62 38.13 34.34 71.20 26.19 34.47 1.70 1.30 6.70 10.26 178.60

31 Dai-Ichi Karkaria Ltd. Chemicals, nec 51.22 49.89 44.39 41.78 83.74% 15.10 14.61 2.86 9.78 6.72 13.47% 77.55 73.57 67.08 62.54 27.12 25.78 2.06 4.81 24.35 25.09 179.30

32 Indian Oxides & Chemicals Ltd. Antimony oxides 25.91 34.54 17.31 25.99 75.25% 4.55 4.34 5.99 0.98 4.03 11.67% 61.75 56.58 51.24 81.64 11.92 22.63 3.99 5.28 25.93 26.62 181.60

33 Refnol Resins & Chemicals Ltd. Finishing agents 23.83 25.27 19.21 21.43 84.80% 6.65 6.54 3.28 2.43 1.66 6.57% 95.16 101.16 138.56 132.91 31.44 29.41 0.66 1.18 14.53 18.76 184.20

34 Poddar Pigments Ltd. Synthetic colouring substances 119.88 153.02 102.32 130.77 85.46% 18.44 20.09 6.51 9.48 20.08 13.12% 47.00 42.36 35.80 36.33 53.09 47.83 2.62 2.56 11.71 7.54 186.00

35 Gulshan Polyols Ltd. Sorbitol 174.59 186.55 134.19 140.54 75.34% 111.89 98.04 1.43 36.06 35.83 19.21% 59.42 65.12 25.28 28.00 33.81 35.23 6.50 6.55 23.42 23.14 190.70

36 Bharat Rasayan Ltd. Fenvalerate 106.02 101.37 87.13 85.61 84.45% 5.41 5.54 15.45 9.76 9.76 9.63% 66.80 70.50 43.10 46.60 22.98 25.26 13.82 16.06 26.24 28.76 191.20

37 Everest Flavours Ltd. Menthol 74.09 44.89 68.51 39.25 87.44% 2.91 2.58 15.21 1.98 2.56 5.70% 71.05 58.30 66.01 20.24 16.93 16.19 17.50 23.12 42.63 45.19 193.90

38 Saraf Chemicals Ltd. Dyes 71.08 84.48 58.65 72.40 85.70% 44.99 69.72 1.04 8.23 9.89 11.71% 79.11 97.39 98.37 155.17 19.19 9.71 7.76 10.84 26.25 26.67 194.50

39 Sunshield Chemicals Ltd. Phenols & their derivatives 62.86 64.43 52.05 52.06 80.80% 27.95 31.01 1.68 6.92 8.74 13.57% 54.54 70.63 43.11 68.05 25.14 34.68 4.37 5.52 13.42 13.10 194.60

40 Primacy Industries Ltd. Candles, tapers, etc. 123.20 120.28 100.19 99.90 83.06% 18.99 18.87 5.29 16.70 18.22 15.15% 53.93 76.63 15.13 45.03 66.28 63.87 1.81 3.04 3.59 3.94 195.10

41 Indian Oxalate Ltd. Oxalic acid & its salts 19.92 19.22 18.55 16.32 84.91% 11.81 10.64 1.53 1.77 1.54 8.01% 7.25 10.58 77.77 79.65 16.15 17.08 3.00 2.56 17.61 20.35 196.10

42 Laxmi Organic Inds. Ltd. Ethyl acetate 198.78 206 164.84 163.36 79.30% 47.85 90.00 1.82 13.60 22.60 10.97% 45.36 54.70 60.05 89.60 35.60 34.84 0.74 1.30 5.75 9.49 196.90

43 Santosh Starch Ltd. Starches 83.91 104.85 74.10 94.02 89.67% 26.82 27.12 3.47 6.41 8.00 7.63% 25.91 27.89 12.75 24.56 48.01 39.86 5.02 2.60 13.15 6.21 197.00

44 Economic Explosives Ltd. Detonating, safety & other fuses, igniters 72.98 96.21 33.18 38.04 39.54% 26.34 26.27 1.45 29.29 43.80 45.53% 51.33 45.10 62.40 34.42 38.85 55.67 1.34 0.63 42.68 20.58 197.20

45 Aditya Birla Chemicals (India) Ltd. Sodium hydroxide (Caustic Soda) 204.80 223.54 114.91 123.72 55.35% 268.54 253.59 0.49 80.46 87.94 39.34% 28.34 34.33 82.29 48.26 36.11 51.91 2.66 2.86 9.58 7.62 200.50

46 Cepham Milk Specialities Ltd. Casein 42.06 39.66 37.39 25.75 64.93% 18.84 16.50 1.56 -0.31 14.89 37.54% 67.52 73.80 130.46 124.96 16.81 21.10 20.97 12.79 53.76 34.06 201.10

47 Ritesh International Ltd. Stearic acid 10.88 12.14 9.64 11.50 94.73% 9.07 8.76 1.31 0.72 1.03 8.48% 100.17 56.03 86.38 71.18 14.09 8.06 3.76 11.21 26.60 27.48 204.80

48 Hyderabad Chemical Products Ltd. Insecticides 91.01 96.73 80.74 75.41 77.96% 52.71 52.39 1.44 12.70 14.02 14.49% 81.81 75.22 114.28 78.14 23.79 30.20 3.13 2.10 40.28 39.51 205.60

49 Biotech International Ltd. Pesticides 32.28 32.93 13.56 17.47 53.05% 3.94 3.59 4.87 6.35 3.94 11.96% 129.85 184.16 125.81 164.15 62.80 65.99 0.92 0.10 18.30 18.04 207.30

50 Asian Paints Industrial Coatings Ltd. Industrial paints 61.89 67.91 49.09 51.79 76.26% 15.10 13.81 3.75 0.10 9.10 13.40% 79.85 74.51 51.41 78.01 40.79 41.19 0.68 0.88 39.85 37.27 207.80

51 Pentokey Organy (India) Ltd. Acetic acid 21.31 45.32 18.19 43.16 95.23% 4.80 9.18 4.70 2.20 2.11 4.66% 6.04 5.51 143.35 103.26 33.32 32.02 1.01 0.86 3.16 4.52 208.50

52 Balaji Amines Ltd. Other amine function compounds 246.94 257.03 195.84 197.03 76.66% 77.02 120.32 1.64 39.07 47.18 18.36% 78.31 82.09 38.72 50.05 45.18 40.27 8.19 6.76 24.98 28.89 209.60

53 Asahi Songwon Colors Ltd. Pigments 120.83 126.61 102.25 98.57 77.85% 67.52 64.70 1.52 13.64 19.90 15.72% 65.61 91.64 48.24 72.98 15.94 25.22 5.17 6.35 39.37 54.88 210.40

54 Chromatic India Ltd. Dyes 11.95 16.37 11.84 14.20 86.74% 2.94 3.94 3.60 -0.34 0.48 2.93% 131.53 91.47 27.63 74.11 32.65 20.06 38.33 25.56 39.98 26.00 211.10

55 Lactochem Ltd. Lactic acid & its salts 6.54 10.83 5.19 7.83 72.30% 4.50 3.85 2.03 0.83 1.05 9.70% 69.67 45.23 89.15 63.54 26.95 18.16 39.38 11.34 104.23 46.50 211.30

56 Universal Starch-Chem Allied Ltd. Starches 78.37 90.03 68.48 77.63 86.23% 33.92 31.72 2.45 2.18 7.14 7.93% 37.21 36.81 52.44 75.13 47.13 31.10 5.76 4.18 18.75 12.09 213.50

57 Polson Ltd. Tanning extracts of vegetable origin 42.38 59.15 32.57 46.59 78.77% 10.77 14.56 3.20 5.91 9.93 16.79% 55.47 40.88 32.77 59.98 55.91 41.50 6.19 3.95 25.15 22.21 214.10

58 Akzo Nobel Chemicals (India) Ltd. Catalysts, reaction initiators 64.73 69.26 44.09 51.24 73.98% 6.34 6.14 8.35 17.89 18.63 26.90% 48.64 55.61 83.08 78.59 100.81 74.62 0.98 0.68 10.61 15.39 214.70

59 Ultramarine & Pigments Ltd. Ultramarine 106.98 106.45 75.42 74.47 69.96% 31.31 29.37 2.54 22.46 21.20 19.92% 41.94 43.64 34.17 35.41 31.69 33.87 17.81 10.56 44.57 40.54 215.20

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 79: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 77www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

4 Nath Industrial Chemicals Ltd. Sulphuric acid & oleum 81.42 22.72 75.51 17.96 79.05% 6.90 8.12 2.21 14.30 3.89 17.12% 33.22 106.54 11.57 55.27 6.25 32.22 0.36 1.09 1.96 5.32 129.60

5 Anil Bioplus Ltd. Enzymes 9.08 16.44 6.60 12.69 77.19% 2.09 3.41 3.72 1.18 2.76 16.79% 134.37 130.76 86.75 91.83 25.03 19.91 5.78 4.08 24.00 15.06 130.50

6 Vasundhara Rasayans Ltd. Aluminium hydroxide 15.78 17.16 12.85 12.36 72.03% 3.63 6.57 1.88 1.86 2.11 12.30% 44.09 60.60 53.51 58.14 14.85 20.34 1.80 1.15 17.23 16.26 134.80

7 Chemcel Biotech Ltd. Pesticides 35.11 45.76 30.39 38.03 83.11% 1.22 1.16 32.78 3.35 3.11 6.80% 182.09 191.71 24.28 44.95 7.51 22.30 8.42 6.21 22.57 17.13 136.80

8 Gulshan Chemicals Ltd. Sodium hydrosulphites 49.73 50.86 40.69 41.95 82.48% 15.41 14.69 2.86 7.78 8.13 15.99% 57.26 65.71 20.11 29.79 20.54 25.89 2.86 2.64 12.37 11.42 137.00

9 Ashok Alco-Chem Ltd. Ethyl acetate 6.39 201.59 7.21 19.99 9.92% 10.81 9.36 2.14 -1.75 0.44 0.22% 558.73 49.78 484.73 84.52 40.80 17.32 2.35 1.08 19.62 5.11 137.10

10 Cabb Karnavati Rasayan Ltd. Monochloroacetic acid 62.15 61.89 46.54 47.72 77.10% 20.05 20.37 2.34 13.34 7.84 12.67% 47.74 70.42 33.63 34.29 15.32 22.12 2.12 4.73 7.87 12.74 137.30

11 Vinati Organics Ltd. Benzene 194.28 236.44 142.81 170.55 72.13% 44.70 79.63 2.14 38.49 60.10 25.42% 44.00 47.86 25.02 18.33 20.76 20.86 7.03 7.45 12.93 16.33 141.50

12 Fineotex Chemical Ltd. Chemicals 25.44 20.73 14.01 15.40 74.29% 3.50 3.50 4.40 4.91 5.38 25.95% 89.00 92.74 40.81 55.40 26.93 30.21 6.73 9.87 4.68 8.98 142.60

13 Aksharchem (India) Ltd. Dyes 57.26 80.54 49.23 68.46 85.00% 12.59 12.17 5.63 -3.54 4.16 5.17% 52.67 41.52 49.84 69.98 9.40 11.04 4.11 3.33 12.85 8.64 146.40

14 Jaysynth Dyestuff (India) Ltd. Dyes 80.28 86.63 30.48 39.15 45.19% 5.47 8.24 4.75 7.50 6.55 7.56% 77.70 84.97 73.38 91.50 21.82 24.61 0.43 0.62 28.65 27.41 150.90

15 Bhageria Dye-Chem Ltd.Sulphonated & nitrated derivatives of hydrocarbons

53.99 56.43 36.41 30.17 53.46% 4.69 4.17 7.24 0.29 3.45 6.11% 70.76 82.38 54.61 80.58 13.87 22.16 5.83 10.63 9.68 8.94 152.30

16 Pondy Oxides & Chemicals Ltd. Zinc oxide 108.36 147.99 96.29 133.39 90.13% 12.99 17.07 7.81 4.61 13.53 9.14% 51.80 39.98 15.86 21.69 16.24 19.27 4.20 3.01 16.15 26.08 156.80

17 Haryana Leather Chemicals Ltd. Leather auxilliaries 23.00 32.48 18.28 24.09 74.17% 6.98 7.34 3.28 2.51 4.52 13.92% 103.11 89.33 52.97 78.24 44.15 31.86 2.47 2.28 19.21 14.71 157.70

18 Shivalik Rasayan Ltd. Dimethoate 18.11 19.95 16.89 18.10 90.73% 1.56 1.54 11.75 0.42 0.70 3.51% 64.69 53.85 55.56 51.18 22.73 20.98 2.87 3.10 19.51 17.23 164.50

19 Camex Ltd. Phenol derivatives 88.13 114.17 16.68 17.00 14.89% 4.07 4.43 3.84 2.21 2.50 2.19% 84.61 106.92 65.10 94.10 13.60 11.82 22.79 35.34 8.30 10.76 164.80

20 Rencal Chemicals (India) Ltd. Inorganic chemicals 10.42 14.95 8.47 12.28 82.14% 5.18 4.94 2.49 0.32 0.92 6.15% 67.62 56.62 96.72 46.30 17.83 8.98 60.78 14.78 70.71 20.67 169.60

21 Navbharat Fuse Co. Ltd. Industrial explosives 89.89 85.54 71.04 70.64 82.58% 26.90 23.74 2.98 17.92 10.77 12.59% 86.61 106.73 74.49 68.93 27.63 40.80 1.04 1.67 8.37 8.51 169.70

22 Mayur Dye-Chem Intermediates Ltd. Dyes 141.20 161.08 139.86 148.03 91.90% 27.02 27.11 5.46 -6.14 6.51 4.04% 25.37 32.90 97.37 82.38 12.99 12.13 4.24 4.42 11.51 6.01 170.60

23 Shree Hari Chemicals Export Ltd. H acid 62.57 69.06 52.81 60.40 87.46% 10.43 15.50 3.90 0.46 5.64 8.17% 58.67 52.90 41.62 57.85 27.34 23.93 3.59 3.93 18.79 13.81 172.10

24 Laffans Petrochemicals Ltd. Organic chemicals 182.30 202.93 160.73 192.72 94.97% 28.48 30.88 6.24 14.08 10.39 5.12% 61.16 60.31 33.19 34.28 27.61 13.22 15.77 20.29 15.68 19.66 174.00

25 Mazda Colours Ltd. Pigments 82.64 96.82 67.45 73.21 75.61% 21.63 21.21 3.45 9.86 14.09 14.55% 77.08 80.37 51.58 77.98 18.81 19.93 24.60 17.84 31.58 21.95 174.90

26 N C L Alltek & Seccolor Ltd. Industrial paints 90.00 101.51 69.53 62.59 61.66% 21.39 24.72 2.53 14.46 22.34 22.01% 59.45 60.29 44.90 48.99 39.49 51.51 0.39 1.17 18.92 17.11 175.70

27 Prasol Chemicals Ltd. Phosphorous 89.76 105.85 73.00 92.22 87.12% 20.94 22.20 4.15 9.30 10.98 10.37% 45.89 50.09 39.52 55.83 23.11 18.87 5.83 7.58 13.78 21.25 176.20

28 Bhagiradha Chemicals & Inds. Ltd. Chemicals, nec 104.42 98.79 85.43 85.05 86.09% 38.41 35.70 2.38 15.12 8.99 9.10% 84.31 90.36 53.47 30.68 37.41 33.00 6.38 6.96 13.88 12.76 178.40

29 Dynemic Products Ltd. Dyes 49.80 63.6 40.52 49.63 78.03% 26.10 29.51 1.68 5.29 10.42 16.38% 49.25 57.86 33.17 26.27 23.89 20.74 19.02 11.10 35.24 30.55 178.50

30 Sree Rayalaseema Hi-Strength Hypo Ltd. Inorganic chemicals 202.78 175.37 130.30 100.74 57.44% 93.70 122.85 0.82 34.80 38.07 21.71% 29.62 38.13 34.34 71.20 26.19 34.47 1.70 1.30 6.70 10.26 178.60

31 Dai-Ichi Karkaria Ltd. Chemicals, nec 51.22 49.89 44.39 41.78 83.74% 15.10 14.61 2.86 9.78 6.72 13.47% 77.55 73.57 67.08 62.54 27.12 25.78 2.06 4.81 24.35 25.09 179.30

32 Indian Oxides & Chemicals Ltd. Antimony oxides 25.91 34.54 17.31 25.99 75.25% 4.55 4.34 5.99 0.98 4.03 11.67% 61.75 56.58 51.24 81.64 11.92 22.63 3.99 5.28 25.93 26.62 181.60

33 Refnol Resins & Chemicals Ltd. Finishing agents 23.83 25.27 19.21 21.43 84.80% 6.65 6.54 3.28 2.43 1.66 6.57% 95.16 101.16 138.56 132.91 31.44 29.41 0.66 1.18 14.53 18.76 184.20

34 Poddar Pigments Ltd. Synthetic colouring substances 119.88 153.02 102.32 130.77 85.46% 18.44 20.09 6.51 9.48 20.08 13.12% 47.00 42.36 35.80 36.33 53.09 47.83 2.62 2.56 11.71 7.54 186.00

35 Gulshan Polyols Ltd. Sorbitol 174.59 186.55 134.19 140.54 75.34% 111.89 98.04 1.43 36.06 35.83 19.21% 59.42 65.12 25.28 28.00 33.81 35.23 6.50 6.55 23.42 23.14 190.70

36 Bharat Rasayan Ltd. Fenvalerate 106.02 101.37 87.13 85.61 84.45% 5.41 5.54 15.45 9.76 9.76 9.63% 66.80 70.50 43.10 46.60 22.98 25.26 13.82 16.06 26.24 28.76 191.20

37 Everest Flavours Ltd. Menthol 74.09 44.89 68.51 39.25 87.44% 2.91 2.58 15.21 1.98 2.56 5.70% 71.05 58.30 66.01 20.24 16.93 16.19 17.50 23.12 42.63 45.19 193.90

38 Saraf Chemicals Ltd. Dyes 71.08 84.48 58.65 72.40 85.70% 44.99 69.72 1.04 8.23 9.89 11.71% 79.11 97.39 98.37 155.17 19.19 9.71 7.76 10.84 26.25 26.67 194.50

39 Sunshield Chemicals Ltd. Phenols & their derivatives 62.86 64.43 52.05 52.06 80.80% 27.95 31.01 1.68 6.92 8.74 13.57% 54.54 70.63 43.11 68.05 25.14 34.68 4.37 5.52 13.42 13.10 194.60

40 Primacy Industries Ltd. Candles, tapers, etc. 123.20 120.28 100.19 99.90 83.06% 18.99 18.87 5.29 16.70 18.22 15.15% 53.93 76.63 15.13 45.03 66.28 63.87 1.81 3.04 3.59 3.94 195.10

41 Indian Oxalate Ltd. Oxalic acid & its salts 19.92 19.22 18.55 16.32 84.91% 11.81 10.64 1.53 1.77 1.54 8.01% 7.25 10.58 77.77 79.65 16.15 17.08 3.00 2.56 17.61 20.35 196.10

42 Laxmi Organic Inds. Ltd. Ethyl acetate 198.78 206 164.84 163.36 79.30% 47.85 90.00 1.82 13.60 22.60 10.97% 45.36 54.70 60.05 89.60 35.60 34.84 0.74 1.30 5.75 9.49 196.90

43 Santosh Starch Ltd. Starches 83.91 104.85 74.10 94.02 89.67% 26.82 27.12 3.47 6.41 8.00 7.63% 25.91 27.89 12.75 24.56 48.01 39.86 5.02 2.60 13.15 6.21 197.00

44 Economic Explosives Ltd. Detonating, safety & other fuses, igniters 72.98 96.21 33.18 38.04 39.54% 26.34 26.27 1.45 29.29 43.80 45.53% 51.33 45.10 62.40 34.42 38.85 55.67 1.34 0.63 42.68 20.58 197.20

45 Aditya Birla Chemicals (India) Ltd. Sodium hydroxide (Caustic Soda) 204.80 223.54 114.91 123.72 55.35% 268.54 253.59 0.49 80.46 87.94 39.34% 28.34 34.33 82.29 48.26 36.11 51.91 2.66 2.86 9.58 7.62 200.50

46 Cepham Milk Specialities Ltd. Casein 42.06 39.66 37.39 25.75 64.93% 18.84 16.50 1.56 -0.31 14.89 37.54% 67.52 73.80 130.46 124.96 16.81 21.10 20.97 12.79 53.76 34.06 201.10

47 Ritesh International Ltd. Stearic acid 10.88 12.14 9.64 11.50 94.73% 9.07 8.76 1.31 0.72 1.03 8.48% 100.17 56.03 86.38 71.18 14.09 8.06 3.76 11.21 26.60 27.48 204.80

48 Hyderabad Chemical Products Ltd. Insecticides 91.01 96.73 80.74 75.41 77.96% 52.71 52.39 1.44 12.70 14.02 14.49% 81.81 75.22 114.28 78.14 23.79 30.20 3.13 2.10 40.28 39.51 205.60

49 Biotech International Ltd. Pesticides 32.28 32.93 13.56 17.47 53.05% 3.94 3.59 4.87 6.35 3.94 11.96% 129.85 184.16 125.81 164.15 62.80 65.99 0.92 0.10 18.30 18.04 207.30

50 Asian Paints Industrial Coatings Ltd. Industrial paints 61.89 67.91 49.09 51.79 76.26% 15.10 13.81 3.75 0.10 9.10 13.40% 79.85 74.51 51.41 78.01 40.79 41.19 0.68 0.88 39.85 37.27 207.80

51 Pentokey Organy (India) Ltd. Acetic acid 21.31 45.32 18.19 43.16 95.23% 4.80 9.18 4.70 2.20 2.11 4.66% 6.04 5.51 143.35 103.26 33.32 32.02 1.01 0.86 3.16 4.52 208.50

52 Balaji Amines Ltd. Other amine function compounds 246.94 257.03 195.84 197.03 76.66% 77.02 120.32 1.64 39.07 47.18 18.36% 78.31 82.09 38.72 50.05 45.18 40.27 8.19 6.76 24.98 28.89 209.60

53 Asahi Songwon Colors Ltd. Pigments 120.83 126.61 102.25 98.57 77.85% 67.52 64.70 1.52 13.64 19.90 15.72% 65.61 91.64 48.24 72.98 15.94 25.22 5.17 6.35 39.37 54.88 210.40

54 Chromatic India Ltd. Dyes 11.95 16.37 11.84 14.20 86.74% 2.94 3.94 3.60 -0.34 0.48 2.93% 131.53 91.47 27.63 74.11 32.65 20.06 38.33 25.56 39.98 26.00 211.10

55 Lactochem Ltd. Lactic acid & its salts 6.54 10.83 5.19 7.83 72.30% 4.50 3.85 2.03 0.83 1.05 9.70% 69.67 45.23 89.15 63.54 26.95 18.16 39.38 11.34 104.23 46.50 211.30

56 Universal Starch-Chem Allied Ltd. Starches 78.37 90.03 68.48 77.63 86.23% 33.92 31.72 2.45 2.18 7.14 7.93% 37.21 36.81 52.44 75.13 47.13 31.10 5.76 4.18 18.75 12.09 213.50

57 Polson Ltd. Tanning extracts of vegetable origin 42.38 59.15 32.57 46.59 78.77% 10.77 14.56 3.20 5.91 9.93 16.79% 55.47 40.88 32.77 59.98 55.91 41.50 6.19 3.95 25.15 22.21 214.10

58 Akzo Nobel Chemicals (India) Ltd. Catalysts, reaction initiators 64.73 69.26 44.09 51.24 73.98% 6.34 6.14 8.35 17.89 18.63 26.90% 48.64 55.61 83.08 78.59 100.81 74.62 0.98 0.68 10.61 15.39 214.70

59 Ultramarine & Pigments Ltd. Ultramarine 106.98 106.45 75.42 74.47 69.96% 31.31 29.37 2.54 22.46 21.20 19.92% 41.94 43.64 34.17 35.41 31.69 33.87 17.81 10.56 44.57 40.54 215.20

CHEM

ICALSsmall manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 80: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com78 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

60 S D Fine Chem Ltd. Organic chemicals 66.38 59.34 40.44 40.10 67.58% 11.18 10.04 3.99 9.96 8.22 13.85% 65.23 77.24 56.76 71.94 46.08 48.30 0.97 0.58 57.30 56.64 216.40

61 Plastiblends India Ltd. Other colouring substances 167.34 210.3 128.20 172.17 81.87% 53.84 54.47 3.16 21.11 20.24 9.62% 44.80 45.67 32.21 28.05 37.19 34.45 11.38 7.06 36.64 33.04 221.20

62 Tagros Chemicals India Ltd. Pesticides 151.57 210.9 112.35 144.82 68.67% 41.06 35.48 4.08 18.13 25.87 12.27% 89.58 71.25 92.18 93.14 48.09 39.91 9.78 6.14 52.34 30.86 223.30

63 Indo Amines Ltd. Amine function compounds 92.25 88.45 71.92 55.48 62.72% 9.93 11.50 4.82 10.59 6.31 7.13% 63.42 87.24 33.27 116.74 14.34 26.68 21.62 29.51 37.04 31.95 227.30

64 C I C O Technologies Ltd. Glues (adhesive) 48.29 50.09 40.00 40.89 81.63% 8.48 8.72 4.69 3.26 3.02 6.03% 119.09 128.60 115.97 116.16 37.07 35.75 11.43 11.86 24.98 27.83 235.20

65 Vidhi Dyestuffs Manufacturing Ltd. Dyes 38.57 70.51 27.21 36.24 51.40% 3.99 3.41 10.63 4.25 6.60 9.36% 109.32 67.63 27.44 40.89 53.90 53.43 26.13 19.66 38.13 29.83 237.40

66 Asiatic Colour Chem Inds. Ltd. Dyes 92.28 93.6 78.15 74.03 79.09% 8.18 8.19 9.04 4.42 5.96 6.37% 173.13 191.55 86.50 130.43 31.33 28.59 34.55 33.31 36.71 33.98 237.60

67 Mysore Petro Chemicals Ltd. Phthalic Anhydride 69.71 82.25 62.10 68.44 83.21% 47.21 41.98 1.63 7.09 6.74 8.19% 26.97 23.22 65.98 50.94 26.68 24.09 10.17 13.38 23.42 29.13 238.50

68 Prescient Color Ltd. Dyes 9.11 24.18 9.28 21.45 88.71% 12.25 11.85 1.81 -0.84 2.56 10.59% 53.29 52.26 56.47 48.24 72.75 56.21 1.07 1.14 16.65 19.95 241.40

69 Premier Explosives Ltd. Industrial explosives 69.43 88.61 48.77 60.78 68.59% 20.34 25.45 2.39 9.23 15.30 17.27% 64.06 36.94 79.30 64.92 41.44 37.80 13.93 13.17 28.29 30.84 242.20

70 Camlin Fine Sciences Ltd. Chemicals 100.61 124.3 78.44 88.17 70.93% 30.96 37.22 2.37 14.75 17.05 13.72% 59.98 76.56 98.44 100.65 21.56 17.77 66.57 76.39 79.70 77.77 242.40

71 Gujarat Agrochem Ltd. Pesticides 69.67 76.87 60.52 63.78 82.97% 24.06 23.93 2.67 6.17 6.18 8.04% 29.91 37.85 116.25 94.95 14.61 15.15 36.32 19.99 71.46 47.59 243.30

72 Lime Chemicals Ltd. Calcium carbonates 34.23 45.63 34.64 42.17 92.42% 17.76 16.02 2.63 -0.95 0.66 1.45% 73.72 53.24 174.48 141.27 48.52 38.11 1.46 0.79 19.06 21.38 243.90

73 Dynamic Industries Ltd. Dyes 41.42 37.11 29.48 32.27 86.96% 5.02 4.90 6.59 1.83 1.77 4.77% 111.25 99.92 42.17 78.27 26.79 30.64 6.13 7.49 60.18 80.55 244.10

74 Indo Borax & Chemicals Ltd. Boric acid 39.63 35.31 25.08 22.23 62.96% 3.15 2.75 8.08 12.94 8.43 23.87% 20.20 17.34 36.91 24.09 114.77 142.00 1.79 2.96 22.41 20.27 244.40

75 Lona Industries Ltd. Dyes 142.02 151.78 121.12 117.96 77.72% 13.75 22.22 5.31 12.50 18.23 12.01% 39.56 62.84 42.93 80.51 36.79 41.91 22.96 20.96 26.01 22.54 247.30

76 Gujarat Insecticides Ltd. Insecticides 118.60 134.49 93.52 107.90 80.23% 12.79 11.81 9.14 13.32 12.66 9.41% 106.51 114.74 62.76 66.58 55.86 58.25 6.93 5.74 50.36 43.86 247.40

77 Tirupati Starch & Chemicals Ltd. Maize starch 41.67 46.49 38.06 42.25 90.88% 7.71 7.45 5.67 3.04 3.20 6.88% 42.05 36.53 18.20 10.69 82.46 59.94 7.82 7.17 13.17 10.57 247.60

78 Cabot Sanmar Ltd. Silicon dioxide 26.76 29.91 17.56 18.81 62.89% 19.73 19.03 0.99 7.70 8.81 29.46% 40.10 34.20 41.51 56.34 38.33 55.54 4.20 4.65 25.93 26.85 248.00

79 Anshul Specialty Molecules Ltd. Pesticides 19.09 23.95 15.51 16.79 70.10% 6.66 7.61 2.21 2.99 4.57 19.08% 73.49 77.30 46.76 68.55 31.78 37.14 29.97 32.89 40.93 40.10 248.10

80 Gayatri Bioorganics Ltd. Starches 47.59 62.12 45.77 54.18 87.22% 30.27 29.82 1.82 0.01 5.20 8.37% 46.51 47.98 54.13 62.21 25.98 56.40 4.12 3.68 14.13 8.27 248.40

81 Chemfab Alkalis Ltd. Sodium hydroxide (Caustic Soda) 90.46 87.69 56.36 57.17 65.20% 84.18 76.95 0.74 22.02 18.47 21.06% 35.43 34.63 76.94 60.01 113.59 114.73 0.85 0.63 14.90 12.06 248.80

82 Elantas Beck India Ltd. Wire enamel 183.98 197.03 140.60 131.06 66.52% 26.83 32.12 4.08 32.64 50.56 25.66% 44.42 44.90 26.64 37.74 63.06 52.60 8.83 11.50 44.34 47.39 249.20

83 Jayshree Chemicals Ltd. Sodium hydroxide (Caustic Soda) 59.52 50.56 43.74 35.67 70.55% 8.94 14.57 2.45 9.24 9.13 18.06% 45.51 51.92 68.04 89.73 29.70 90.73 1.58 1.59 8.17 13.43 249.40

84 Excel Industries Ltd. Pesticides 243.60 237.33 188.35 167.42 70.54% 106.62 101.80 1.64 20.27 28.62 12.06% 91.78 88.60 58.94 62.98 40.00 52.83 8.65 6.40 38.75 39.38 249.40

85 Ishan Dyes & Chemicals Ltd. Other dyes 34.50 41.25 35.10 34.75 84.24% 9.43 8.82 3.94 3.16 5.11 12.39% 24.16 19.34 138.91 125.90 7.35 8.48 30.31 42.00 38.14 46.38 249.50

86 Grauer & Weil (India) Ltd. Chemicals, nec 194.73 218.63 146.97 159.36 72.89% 87.26 104.77 1.52 24.48 35.23 16.11% 63.14 66.09 69.24 78.24 36.58 42.44 9.26 8.01 28.84 33.15 249.60

87 Gujarat Organics Ltd. Benzoic acid 28.63 36.65 25.84 32.65 89.09% 14.12 13.40 2.44 5.92 7.99 21.80% 57.79 45.92 67.75 51.74 19.38 19.49 67.61 57.28 99.41 100.00 251.00

88 Atotech India Ltd. Miscellaneous chemicals 74.80 76.8 44.11 46.19 60.14% 34.73 37.78 1.22 10.74 3.21 4.18% 89.23 108.95 106.58 189.05 73.95 78.46 0.14 0.06 21.00 18.40 251.50

89 Astec Lifesciences Ltd. Chemicals 84.41 111.83 68.55 83.42 74.60% 32.36 42.93 1.94 20.45 25.03 22.38% 95.37 95.75 76.04 61.21 21.83 29.64 75.67 75.36 121.60 107.65 252.80

90 Sayaji Industries Ltd. Starches 246.41 258.29 216.66 225.02 87.12% 57.29 62.48 3.60 10.82 12.19 4.72% 28.60 30.80 47.86 57.71 26.66 36.26 7.20 9.92 23.48 23.48 253.00

91 Indo Colchem Ltd. Dyes 72.64 73.03 47.41 54.70 74.90% 8.98 9.56 5.72 4.63 4.82 6.60% 51.37 74.30 34.80 66.27 55.53 52.24 35.84 23.65 28.92 20.99 253.40

92 Basant Agro Tech (India) Ltd. Fertilisers 128.46 128.16 87.26 116.25 90.71% 35.81 35.45 3.28 12.16 14.59 11.38% 49.99 65.44 40.06 73.33 69.42 51.54 0.26 0.19 37.82 60.62 254.90

93 Kanchi Karpooram Ltd. Rosin & resin acids 29.11 29.05 24.72 25.35 87.26% 5.04 4.54 5.58 3.12 3.81 13.12% 16.89 16.91 28.39 43.60 12.19 26.43 22.00 24.73 44.50 53.10 256.30

94 T M L Industries Ltd. Other chlorides 97.38 83.95 78.42 72.38 86.22% 57.47 65.23 1.11 13.80 3.62 4.31% 55.26 63.01 50.51 75.52 16.82 22.20 11.33 17.34 26.00 48.13 257.90

95 Resinova Chemie Ltd. Organic chemicals 61.72 77.78 53.23 63.73 81.94% 5.24 6.20 10.28 1.82 6.11 7.86% 26.49 23.13 38.96 39.06 38.55 46.49 9.91 9.29 40.87 38.55 258.20

96 Transpek Industry Ltd. Salts of inorganic acids & metals 167.06 114.15 109.35 69.78 61.13% 69.92 70.03 1.00 22.63 16.93 14.83% 48.46 95.41 46.95 68.81 35.84 65.52 4.87 4.73 26.26 37.83 259.80

97 Daikaffil Chemicals India Ltd. Dyes 15.77 18.63 11.85 13.16 70.64% 3.10 3.32 3.96 2.09 2.84 15.24% 71.91 66.44 40.66 79.40 36.31 51.73 26.92 24.00 38.47 27.49 260.30

98 Narmada Gelatines Ltd. Gelatin 68.31 83.67 52.79 63.60 76.01% 20.19 20.85 3.05 11.29 13.91 16.62% 48.48 48.50 37.28 28.74 50.52 47.01 35.28 26.84 72.16 45.08 262.70

99 Hyderabad Chemicals Ltd. Pesticides 177.33 184.27 126.82 125.88 68.31% 36.19 33.73 3.73 21.08 21.66 11.75% 28.22 32.33 56.28 51.85 48.38 45.94 4.83 6.70 62.22 64.34 262.90

100 Link Pharma Chem Ltd. Inorganic chemicals 11.79 11.11 10.68 10.40 93.61% 6.97 6.61 1.57 0.67 1.73 15.57% 91.25 93.11 95.27 106.99 16.14 18.81 21.21 65.77 47.99 88.44 263.20

101 Sukhjit Starch & Chemicals Ltd. Starches 202.49 258.4 172.66 219.01 84.76% 82.54 93.22 2.35 24.74 32.09 12.42% 34.37 31.76 31.07 28.70 79.97 82.38 6.10 5.35 14.66 11.79 264.70

102 Amines & Plasticizers Ltd. Ethanolamines 158.52 167.46 99.88 68.34 40.81% 7.24 9.45 7.23 9.14 8.71 5.20% 43.17 46.63 45.88 65.07 41.23 61.51 5.67 9.14 26.41 28.14 268.30

103 Camphor & Allied Products Ltd. Camphor 136.30 166.27 123.29 151.62 91.19% 30.60 32.38 4.68 10.10 19.05 11.46% 40.49 40.19 23.41 26.61 40.25 36.59 15.96 17.74 45.13 58.58 268.40

104 Assam Petrochemicals Ltd.Aldehyde ethers, phenols & with oxygen function

51.07 50.28 41.47 44.47 88.44% 12.81 11.55 3.85 10.55 6.05 12.03% 9.49 14.27 38.09 41.16 197.38 190.31 0.50 0.28 12.03 15.19 272.90

105 Mepco Industries Ltd. Chlorates & perchlorates 30.89 27.25 23.50 14.85 54.50% 15.32 16.61 0.89 5.47 5.60 20.55% 87.73 82.94 11.31 6.63 138.64 172.24 2.38 10.78 11.63 36.96 278.40

106 Nitta Gelatin India Ltd. Gelatin 187.81 195.27 131.69 141.62 72.53% 57.55 62.97 2.25 34.36 39.51 20.23% 21.77 21.66 23.12 26.14 57.80 49.06 34.35 31.78 54.51 45.14 278.60

107 D D Agro Inds. Ltd. Zinc Sulphate 17.14 31.03 7.42 12.59 40.57% 1.33 2.92 4.31 1.25 2.02 6.51% 140.97 50.81 22.83 21.26 142.97 139.74 12.11 20.49 26.65 17.82 283.00

108 Brahmaputra Valley Fertilizer Corpn. Ltd. Urea 152.48 264.64 186.20 199.10 75.23% 467.88 460.83 0.43 -96.92 76.90 29.06% 67.18 52.75 129.97 184.40 236.26 230.03 1.94 2.11 12.96 7.17 283.10

109 Shiva Global Agro Inds. Ltd. Single superphosphate 88.67 89.09 56.95 44.58 50.04% 6.35 6.44 6.92 5.42 7.26 8.15% 22.19 32.07 7.29 18.72 76.35 139.70 2.69 6.43 19.92 33.03 283.80

110 Filtra Catalysts & Chemicals Ltd. Catalysts, reaction initiators 48.42 28.24 29.10 20.48 72.52% 8.58 8.89 2.30 15.43 4.09 14.48% 45.42 76.91 45.46 49.23 29.45 64.44 14.65 18.50 35.37 48.42 285.00

111 Organic Coatings Ltd. Printing ink 37.20 45.46 30.32 40.53 89.16% 10.70 12.41 3.27 3.09 3.45 7.59% 120.02 108.44 70.57 80.46 68.86 51.92 13.20 9.07 45.44 52.66 285.00

112 Krishna Industrial Corpn. Ltd. Superphosphates 44.20 30.78 38.79 29.56 96.04% 12.53 11.97 2.47 2.70 2.56 8.32% 47.89 80.92 188.86 143.17 72.01 72.97 1.65 2.82 8.35 24.71 285.80

113 Merchem Ltd. Rubber chemicals 100.51 152.33 84.06 110.82 72.75% 58.70 61.61 1.80 20.36 30.28 19.88% 63.35 57.41 65.04 59.71 53.76 47.16 28.93 24.18 77.47 81.58 286.10

114 Phthalo Colours & Chemicals (India) Ltd. Dyes 120.34 100.26 105.87 82.77 82.56% 39.31 38.11 2.17 3.34 4.43 4.42% 58.13 63.28 98.90 134.92 19.80 32.09 11.77 18.31 40.72 50.93 286.80

115 Lords Chloro Alkali Ltd. Sodium hydroxide (Caustic Soda) 114.91 105.08 98.85 104.36 99.31% 46.41 43.25 2.41 12.87 5.08 4.83% 23.52 29.41 56.77 67.73 80.25 105.41 1.62 1.74 7.99 7.83 287.80

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 81: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 79www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

60 S D Fine Chem Ltd. Organic chemicals 66.38 59.34 40.44 40.10 67.58% 11.18 10.04 3.99 9.96 8.22 13.85% 65.23 77.24 56.76 71.94 46.08 48.30 0.97 0.58 57.30 56.64 216.40

61 Plastiblends India Ltd. Other colouring substances 167.34 210.3 128.20 172.17 81.87% 53.84 54.47 3.16 21.11 20.24 9.62% 44.80 45.67 32.21 28.05 37.19 34.45 11.38 7.06 36.64 33.04 221.20

62 Tagros Chemicals India Ltd. Pesticides 151.57 210.9 112.35 144.82 68.67% 41.06 35.48 4.08 18.13 25.87 12.27% 89.58 71.25 92.18 93.14 48.09 39.91 9.78 6.14 52.34 30.86 223.30

63 Indo Amines Ltd. Amine function compounds 92.25 88.45 71.92 55.48 62.72% 9.93 11.50 4.82 10.59 6.31 7.13% 63.42 87.24 33.27 116.74 14.34 26.68 21.62 29.51 37.04 31.95 227.30

64 C I C O Technologies Ltd. Glues (adhesive) 48.29 50.09 40.00 40.89 81.63% 8.48 8.72 4.69 3.26 3.02 6.03% 119.09 128.60 115.97 116.16 37.07 35.75 11.43 11.86 24.98 27.83 235.20

65 Vidhi Dyestuffs Manufacturing Ltd. Dyes 38.57 70.51 27.21 36.24 51.40% 3.99 3.41 10.63 4.25 6.60 9.36% 109.32 67.63 27.44 40.89 53.90 53.43 26.13 19.66 38.13 29.83 237.40

66 Asiatic Colour Chem Inds. Ltd. Dyes 92.28 93.6 78.15 74.03 79.09% 8.18 8.19 9.04 4.42 5.96 6.37% 173.13 191.55 86.50 130.43 31.33 28.59 34.55 33.31 36.71 33.98 237.60

67 Mysore Petro Chemicals Ltd. Phthalic Anhydride 69.71 82.25 62.10 68.44 83.21% 47.21 41.98 1.63 7.09 6.74 8.19% 26.97 23.22 65.98 50.94 26.68 24.09 10.17 13.38 23.42 29.13 238.50

68 Prescient Color Ltd. Dyes 9.11 24.18 9.28 21.45 88.71% 12.25 11.85 1.81 -0.84 2.56 10.59% 53.29 52.26 56.47 48.24 72.75 56.21 1.07 1.14 16.65 19.95 241.40

69 Premier Explosives Ltd. Industrial explosives 69.43 88.61 48.77 60.78 68.59% 20.34 25.45 2.39 9.23 15.30 17.27% 64.06 36.94 79.30 64.92 41.44 37.80 13.93 13.17 28.29 30.84 242.20

70 Camlin Fine Sciences Ltd. Chemicals 100.61 124.3 78.44 88.17 70.93% 30.96 37.22 2.37 14.75 17.05 13.72% 59.98 76.56 98.44 100.65 21.56 17.77 66.57 76.39 79.70 77.77 242.40

71 Gujarat Agrochem Ltd. Pesticides 69.67 76.87 60.52 63.78 82.97% 24.06 23.93 2.67 6.17 6.18 8.04% 29.91 37.85 116.25 94.95 14.61 15.15 36.32 19.99 71.46 47.59 243.30

72 Lime Chemicals Ltd. Calcium carbonates 34.23 45.63 34.64 42.17 92.42% 17.76 16.02 2.63 -0.95 0.66 1.45% 73.72 53.24 174.48 141.27 48.52 38.11 1.46 0.79 19.06 21.38 243.90

73 Dynamic Industries Ltd. Dyes 41.42 37.11 29.48 32.27 86.96% 5.02 4.90 6.59 1.83 1.77 4.77% 111.25 99.92 42.17 78.27 26.79 30.64 6.13 7.49 60.18 80.55 244.10

74 Indo Borax & Chemicals Ltd. Boric acid 39.63 35.31 25.08 22.23 62.96% 3.15 2.75 8.08 12.94 8.43 23.87% 20.20 17.34 36.91 24.09 114.77 142.00 1.79 2.96 22.41 20.27 244.40

75 Lona Industries Ltd. Dyes 142.02 151.78 121.12 117.96 77.72% 13.75 22.22 5.31 12.50 18.23 12.01% 39.56 62.84 42.93 80.51 36.79 41.91 22.96 20.96 26.01 22.54 247.30

76 Gujarat Insecticides Ltd. Insecticides 118.60 134.49 93.52 107.90 80.23% 12.79 11.81 9.14 13.32 12.66 9.41% 106.51 114.74 62.76 66.58 55.86 58.25 6.93 5.74 50.36 43.86 247.40

77 Tirupati Starch & Chemicals Ltd. Maize starch 41.67 46.49 38.06 42.25 90.88% 7.71 7.45 5.67 3.04 3.20 6.88% 42.05 36.53 18.20 10.69 82.46 59.94 7.82 7.17 13.17 10.57 247.60

78 Cabot Sanmar Ltd. Silicon dioxide 26.76 29.91 17.56 18.81 62.89% 19.73 19.03 0.99 7.70 8.81 29.46% 40.10 34.20 41.51 56.34 38.33 55.54 4.20 4.65 25.93 26.85 248.00

79 Anshul Specialty Molecules Ltd. Pesticides 19.09 23.95 15.51 16.79 70.10% 6.66 7.61 2.21 2.99 4.57 19.08% 73.49 77.30 46.76 68.55 31.78 37.14 29.97 32.89 40.93 40.10 248.10

80 Gayatri Bioorganics Ltd. Starches 47.59 62.12 45.77 54.18 87.22% 30.27 29.82 1.82 0.01 5.20 8.37% 46.51 47.98 54.13 62.21 25.98 56.40 4.12 3.68 14.13 8.27 248.40

81 Chemfab Alkalis Ltd. Sodium hydroxide (Caustic Soda) 90.46 87.69 56.36 57.17 65.20% 84.18 76.95 0.74 22.02 18.47 21.06% 35.43 34.63 76.94 60.01 113.59 114.73 0.85 0.63 14.90 12.06 248.80

82 Elantas Beck India Ltd. Wire enamel 183.98 197.03 140.60 131.06 66.52% 26.83 32.12 4.08 32.64 50.56 25.66% 44.42 44.90 26.64 37.74 63.06 52.60 8.83 11.50 44.34 47.39 249.20

83 Jayshree Chemicals Ltd. Sodium hydroxide (Caustic Soda) 59.52 50.56 43.74 35.67 70.55% 8.94 14.57 2.45 9.24 9.13 18.06% 45.51 51.92 68.04 89.73 29.70 90.73 1.58 1.59 8.17 13.43 249.40

84 Excel Industries Ltd. Pesticides 243.60 237.33 188.35 167.42 70.54% 106.62 101.80 1.64 20.27 28.62 12.06% 91.78 88.60 58.94 62.98 40.00 52.83 8.65 6.40 38.75 39.38 249.40

85 Ishan Dyes & Chemicals Ltd. Other dyes 34.50 41.25 35.10 34.75 84.24% 9.43 8.82 3.94 3.16 5.11 12.39% 24.16 19.34 138.91 125.90 7.35 8.48 30.31 42.00 38.14 46.38 249.50

86 Grauer & Weil (India) Ltd. Chemicals, nec 194.73 218.63 146.97 159.36 72.89% 87.26 104.77 1.52 24.48 35.23 16.11% 63.14 66.09 69.24 78.24 36.58 42.44 9.26 8.01 28.84 33.15 249.60

87 Gujarat Organics Ltd. Benzoic acid 28.63 36.65 25.84 32.65 89.09% 14.12 13.40 2.44 5.92 7.99 21.80% 57.79 45.92 67.75 51.74 19.38 19.49 67.61 57.28 99.41 100.00 251.00

88 Atotech India Ltd. Miscellaneous chemicals 74.80 76.8 44.11 46.19 60.14% 34.73 37.78 1.22 10.74 3.21 4.18% 89.23 108.95 106.58 189.05 73.95 78.46 0.14 0.06 21.00 18.40 251.50

89 Astec Lifesciences Ltd. Chemicals 84.41 111.83 68.55 83.42 74.60% 32.36 42.93 1.94 20.45 25.03 22.38% 95.37 95.75 76.04 61.21 21.83 29.64 75.67 75.36 121.60 107.65 252.80

90 Sayaji Industries Ltd. Starches 246.41 258.29 216.66 225.02 87.12% 57.29 62.48 3.60 10.82 12.19 4.72% 28.60 30.80 47.86 57.71 26.66 36.26 7.20 9.92 23.48 23.48 253.00

91 Indo Colchem Ltd. Dyes 72.64 73.03 47.41 54.70 74.90% 8.98 9.56 5.72 4.63 4.82 6.60% 51.37 74.30 34.80 66.27 55.53 52.24 35.84 23.65 28.92 20.99 253.40

92 Basant Agro Tech (India) Ltd. Fertilisers 128.46 128.16 87.26 116.25 90.71% 35.81 35.45 3.28 12.16 14.59 11.38% 49.99 65.44 40.06 73.33 69.42 51.54 0.26 0.19 37.82 60.62 254.90

93 Kanchi Karpooram Ltd. Rosin & resin acids 29.11 29.05 24.72 25.35 87.26% 5.04 4.54 5.58 3.12 3.81 13.12% 16.89 16.91 28.39 43.60 12.19 26.43 22.00 24.73 44.50 53.10 256.30

94 T M L Industries Ltd. Other chlorides 97.38 83.95 78.42 72.38 86.22% 57.47 65.23 1.11 13.80 3.62 4.31% 55.26 63.01 50.51 75.52 16.82 22.20 11.33 17.34 26.00 48.13 257.90

95 Resinova Chemie Ltd. Organic chemicals 61.72 77.78 53.23 63.73 81.94% 5.24 6.20 10.28 1.82 6.11 7.86% 26.49 23.13 38.96 39.06 38.55 46.49 9.91 9.29 40.87 38.55 258.20

96 Transpek Industry Ltd. Salts of inorganic acids & metals 167.06 114.15 109.35 69.78 61.13% 69.92 70.03 1.00 22.63 16.93 14.83% 48.46 95.41 46.95 68.81 35.84 65.52 4.87 4.73 26.26 37.83 259.80

97 Daikaffil Chemicals India Ltd. Dyes 15.77 18.63 11.85 13.16 70.64% 3.10 3.32 3.96 2.09 2.84 15.24% 71.91 66.44 40.66 79.40 36.31 51.73 26.92 24.00 38.47 27.49 260.30

98 Narmada Gelatines Ltd. Gelatin 68.31 83.67 52.79 63.60 76.01% 20.19 20.85 3.05 11.29 13.91 16.62% 48.48 48.50 37.28 28.74 50.52 47.01 35.28 26.84 72.16 45.08 262.70

99 Hyderabad Chemicals Ltd. Pesticides 177.33 184.27 126.82 125.88 68.31% 36.19 33.73 3.73 21.08 21.66 11.75% 28.22 32.33 56.28 51.85 48.38 45.94 4.83 6.70 62.22 64.34 262.90

100 Link Pharma Chem Ltd. Inorganic chemicals 11.79 11.11 10.68 10.40 93.61% 6.97 6.61 1.57 0.67 1.73 15.57% 91.25 93.11 95.27 106.99 16.14 18.81 21.21 65.77 47.99 88.44 263.20

101 Sukhjit Starch & Chemicals Ltd. Starches 202.49 258.4 172.66 219.01 84.76% 82.54 93.22 2.35 24.74 32.09 12.42% 34.37 31.76 31.07 28.70 79.97 82.38 6.10 5.35 14.66 11.79 264.70

102 Amines & Plasticizers Ltd. Ethanolamines 158.52 167.46 99.88 68.34 40.81% 7.24 9.45 7.23 9.14 8.71 5.20% 43.17 46.63 45.88 65.07 41.23 61.51 5.67 9.14 26.41 28.14 268.30

103 Camphor & Allied Products Ltd. Camphor 136.30 166.27 123.29 151.62 91.19% 30.60 32.38 4.68 10.10 19.05 11.46% 40.49 40.19 23.41 26.61 40.25 36.59 15.96 17.74 45.13 58.58 268.40

104 Assam Petrochemicals Ltd.Aldehyde ethers, phenols & with oxygen function

51.07 50.28 41.47 44.47 88.44% 12.81 11.55 3.85 10.55 6.05 12.03% 9.49 14.27 38.09 41.16 197.38 190.31 0.50 0.28 12.03 15.19 272.90

105 Mepco Industries Ltd. Chlorates & perchlorates 30.89 27.25 23.50 14.85 54.50% 15.32 16.61 0.89 5.47 5.60 20.55% 87.73 82.94 11.31 6.63 138.64 172.24 2.38 10.78 11.63 36.96 278.40

106 Nitta Gelatin India Ltd. Gelatin 187.81 195.27 131.69 141.62 72.53% 57.55 62.97 2.25 34.36 39.51 20.23% 21.77 21.66 23.12 26.14 57.80 49.06 34.35 31.78 54.51 45.14 278.60

107 D D Agro Inds. Ltd. Zinc Sulphate 17.14 31.03 7.42 12.59 40.57% 1.33 2.92 4.31 1.25 2.02 6.51% 140.97 50.81 22.83 21.26 142.97 139.74 12.11 20.49 26.65 17.82 283.00

108 Brahmaputra Valley Fertilizer Corpn. Ltd. Urea 152.48 264.64 186.20 199.10 75.23% 467.88 460.83 0.43 -96.92 76.90 29.06% 67.18 52.75 129.97 184.40 236.26 230.03 1.94 2.11 12.96 7.17 283.10

109 Shiva Global Agro Inds. Ltd. Single superphosphate 88.67 89.09 56.95 44.58 50.04% 6.35 6.44 6.92 5.42 7.26 8.15% 22.19 32.07 7.29 18.72 76.35 139.70 2.69 6.43 19.92 33.03 283.80

110 Filtra Catalysts & Chemicals Ltd. Catalysts, reaction initiators 48.42 28.24 29.10 20.48 72.52% 8.58 8.89 2.30 15.43 4.09 14.48% 45.42 76.91 45.46 49.23 29.45 64.44 14.65 18.50 35.37 48.42 285.00

111 Organic Coatings Ltd. Printing ink 37.20 45.46 30.32 40.53 89.16% 10.70 12.41 3.27 3.09 3.45 7.59% 120.02 108.44 70.57 80.46 68.86 51.92 13.20 9.07 45.44 52.66 285.00

112 Krishna Industrial Corpn. Ltd. Superphosphates 44.20 30.78 38.79 29.56 96.04% 12.53 11.97 2.47 2.70 2.56 8.32% 47.89 80.92 188.86 143.17 72.01 72.97 1.65 2.82 8.35 24.71 285.80

113 Merchem Ltd. Rubber chemicals 100.51 152.33 84.06 110.82 72.75% 58.70 61.61 1.80 20.36 30.28 19.88% 63.35 57.41 65.04 59.71 53.76 47.16 28.93 24.18 77.47 81.58 286.10

114 Phthalo Colours & Chemicals (India) Ltd. Dyes 120.34 100.26 105.87 82.77 82.56% 39.31 38.11 2.17 3.34 4.43 4.42% 58.13 63.28 98.90 134.92 19.80 32.09 11.77 18.31 40.72 50.93 286.80

115 Lords Chloro Alkali Ltd. Sodium hydroxide (Caustic Soda) 114.91 105.08 98.85 104.36 99.31% 46.41 43.25 2.41 12.87 5.08 4.83% 23.52 29.41 56.77 67.73 80.25 105.41 1.62 1.74 7.99 7.83 287.80

CHEM

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PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com80 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

116 Alkali Metals Ltd. Sodium 63.65 57.07 43.93 39.03 68.39% 27.13 46.68 0.84 12.30 12.43 21.78% 70.56 83.56 28.72 53.53 35.69 54.54 67.38 63.42 70.32 67.33 298.00

117 Andhra Petrochemicals Ltd. Alcohols & their derivatives 245.01 137.9 214.82 120.62 87.47% 57.36 45.37 2.66 40.11 4.89 3.55% 22.52 20.45 11.47 23.68 25.08 50.12 10.09 18.04 24.05 41.73 300.00

118 Metropolitan Eximchem Ltd. Dyes 37.71 35.47 31.66 28.64 80.74% 7.08 6.87 4.17 4.65 1.55 4.37% 67.56 89.27 22.91 76.09 66.71 70.60 19.12 19.75 38.11 32.73 300.40

119 Indian Toners & Developers Ltd. Duplicating ink 43.75 31.1 27.72 21.43 68.91% 13.09 12.14 1.77 6.69 5.32 17.11% 59.07 62.53 101.49 69.10 108.26 111.54 10.23 13.12 35.30 31.16 301.10

120 Adi Finechem Ltd. Fatty acids 33.98 38.34 29.95 32.49 84.74% 20.39 19.02 1.71 1.47 2.61 6.81% 38.25 33.85 13.18 11.87 43.36 58.48 44.78 24.35 44.62 25.71 301.20

121 Agrocel Industries Ltd. Bromine 87.84 76.94 49.78 38.89 50.55% 28.62 29.12 1.34 7.19 8.05 10.46% 36.05 50.83 86.45 91.26 53.62 58.75 3.12 4.14 41.84 56.45 301.50

122 Neelikon Food Dyes & Chemicals Ltd. Other colouring extracts of vegetable origin 54.25 60.56 43.54 44.13 72.87% 31.10 29.02 1.52 6.93 11.58 19.12% 49.75 43.55 51.47 68.89 44.40 50.63 28.18 26.08 90.07 91.89 314.00

123 Kilburn Chemicals Ltd. Titanium dioxide 99.71 109.13 79.59 74.87 68.61% 54.24 62.17 1.20 9.70 16.87 15.46% 38.05 34.19 34.09 39.61 45.00 78.90 18.22 18.18 31.66 37.52 314.20

124 Asian Peroxide Ltd. Hydrogen peroxide 73.81 62.3 48.97 50.62 81.25% 61.66 56.12 0.90 19.83 6.83 10.96% 32.83 34.41 38.82 20.39 45.53 36.46 95.77 96.64 110.56 118.94 314.50

125 Jupiter Bioscience Ltd. Oxygen function amino compounds 142.14 183.79 56.09 74.84 40.72% 256.21 319.29 0.23 79.34 96.94 52.74% 90.61 81.17 26.59 16.22 113.10 96.71 65.83 59.24 138.89 123.32 316.60

126 Advanced Enzyme Technologies Ltd. Enzymes 81.42 107.09 47.97 66.98 62.55% 51.90 48.54 1.38 15.61 20.91 19.53% 52.62 55.51 62.95 57.07 82.98 77.69 56.46 37.09 75.79 51.45 322.10

127 India Gelatine & Chemicals Ltd. Gelatin 80.11 81.3 53.70 59.49 73.17% 45.12 44.05 1.35 17.10 13.91 17.11% 24.06 15.78 25.95 24.39 49.82 60.78 24.36 22.30 91.81 76.30 323.60

128 Hindustan Insecticides Ltd. Insecticides 200.77 234.34 188.30 197.39 84.23% 29.27 27.52 7.17 8.10 9.47 4.04% 114.79 153.83 100.80 119.16 67.98 73.71 18.19 17.20 83.98 77.57 326.20

129 Paushak Ltd. Chemicals 27.96 25.4 19.49 16.68 65.67% 12.03 11.02 1.51 7.16 5.17 20.35% 64.06 77.77 140.86 102.96 64.46 72.42 37.82 48.82 59.82 54.08 328.20

130 Diamines & Chemicals Ltd. Amine function compounds 30.25 45.62 20.67 35.99 78.89% 23.19 30.03 1.20 5.08 18.10 39.68% 73.56 52.41 224.25 74.23 63.05 54.33 55.77 39.67 128.05 79.57 328.40

131 Nutraplus Products (India) Ltd. Anisole 11.82 14.06 8.79 13.04 92.75% 7.11 10.23 1.27 1.27 2.32 16.50% 71.44 79.26 146.14 67.67 78.21 55.31 38.33 45.35 67.69 72.56 329.80

132 Alkyl Amines Chemicals Ltd. Other amine function compounds 199.65 217.27 161.13 163.70 75.34% 102.61 98.50 1.66 23.96 33.95 15.63% 70.32 62.13 61.84 52.88 92.70 111.72 19.21 19.09 72.67 62.68 330.00

133 Travancore Cochin Chemicals Ltd. Sodium hydroxide (Caustic Soda) 122.85 109 103.32 97.77 89.70% 77.83 72.21 1.35 14.55 13.20 12.11% 33.24 37.01 109.00 124.08 155.53 230.15 0.91 1.00 15.62 24.37 330.40

134 Khaitan Chemicals & Fertilizers Ltd. Single superphosphate 355.51 203.31 271.98 223.60 109.98% 87.42 81.91 2.73 34.78 18.03 8.87% 8.92 8.02 55.71 76.15 52.18 78.58 0.30 0.06 33.66 90.86 332.90

135 Rathi Graphic Technologies Ltd. Chemicals for photographic uses 15.07 18.19 10.39 12.20 67.07% 13.71 13.24 0.92 2.60 3.21 17.65% 84.30 75.14 53.18 43.64 150.93 129.67 28.73 27.35 116.68 103.99 338.10

136 Asian Fertilizers Ltd. Single superphosphate 55.30 28.53 51.53 33.03 115.77% 3.74 3.57 9.25 2.46 0.76 2.66% 10.23 16.13 35.39 114.90 22.02 44.80 3.20 33.41 7.10 50.79 342.70

137 Benzo Petro International Ltd. Ortho-chloro-benzaldehyde 35.17 105.78 8.08 5.41 5.11% 13.41 13.48 0.40 -1.49 3.02 2.85% 8.46 59.33 245.07 238.74 93.22 165.02 4.17 5.62 46.36 34.51 343.80

138 Ravi Dyeware Co. Ltd. Dyes 105.54 111.62 86.25 97.04 86.94% 12.17 13.01 7.46 4.65 6.81 6.10% 36.49 22.20 52.84 60.48 51.12 55.90 64.48 49.37 70.45 54.21 344.10

139 Tanfac Industries Ltd. Fluorides 217.89 148.93 215.52 122.37 82.17% 68.46 63.62 1.92 10.88 2.13 1.43% 35.47 50.05 42.27 60.35 68.27 116.26 5.17 7.46 29.32 50.57 345.50

140 Vivid Global Inds. Ltd. Amine function compounds 6.01 12.19 5.54 6.12 50.21% 1.26 1.15 5.32 -0.64 0.98 8.04% 70.54 55.44 143.55 164.55 111.36 87.24 33.48 70.77 41.80 51.24 353.50

141 Borax Morarji Ltd. Borax 74.04 69.59 56.95 60.14 86.42% 21.84 19.57 3.07 9.83 8.17 11.74% 44.59 40.69 92.15 92.48 113.47 132.23 8.16 9.70 37.47 49.50 356.60

142 Nicomet Industries Ltd. Salts of inorganic acids & metals 179.46 110.26 175.78 74.07 67.18% 40.20 37.15 1.99 9.91 19.90 18.05% 56.00 55.26 112.32 218.64 18.44 58.65 48.72 92.89 77.13 183.49 358.00

143 C J Gelatine Products Ltd. Gelatin 15.45 13.11 13.87 11.60 88.48% 13.77 13.11 0.88 0.23 0.22 1.68% 23.88 23.27 167.86 188.00 31.73 27.55 122.95 169.20 185.33 196.33 362.00

144 Shreyas Intermediates Ltd. Pigments 109.60 82.95 90.67 80.09 96.55% 84.11 102.46 0.78 15.82 9.24 11.14% 35.47 59.17 61.74 8.51 125.73 110.91 36.23 31.55 92.96 136.20 367.00

145 Avon Organics Ltd. Organic chemicals 122.28 150.45 95.55 121.32 80.64% 49.17 56.90 2.13 19.19 24.08 16.01% 89.31 127.34 86.88 128.52 109.71 125.29 73.91 63.93 99.68 81.56 367.10

146 Vishnu Chemicals Ltd. Chromates of sodium, potassium, zinc & lead 126.64 200.78 103.50 162.80 81.08% 192.05 189.98 0.86 17.37 37.16 18.51% 44.06 37.38 93.23 119.46 144.38 75.50 35.32 29.10 44.49 53.01 367.60

147 Titanium Tantalum Products Ltd. Alkali & alkali-earth metals 62.46 70.84 44.33 47.75 67.41% 9.48 9.99 4.78 11.07 12.88 18.18% 313.25 330.32 517.46 479.05 185.45 269.23 191.50 234.56 224.18 245.13 368.10

148 Metrochem Industries Ltd. [Merged] Dyes 223.26 12.1 171.05 10.42 86.12% 83.88 5.10 2.04 10.70 42.00 347.11% 108.75 837.06 34.08 75.31 29.32 196.81 29.57 260.29 38.13 315.82 371.00

149 Aimco Pesticides Ltd. Chlorpyriphos 14.79 27.29 5.36 13.47 49.36% 5.62 5.08 2.65 -1.20 0.35 1.28% 586.60 319.82 252.77 194.69 192.31 115.85 243.16 99.37 345.62 156.56 376.90

150 Lords Chemicals Ltd. Chromates of sodium, potassium, zinc & lead 26.81 20.49 26.23 16.30 79.55% 4.86 4.70 3.47 1.83 2.31 11.27% 24.16 56.23 13.37 111.84 96.04 116.65 24.28 32.87 28.43 97.97 378.00

151 Pandian Chemicals Ltd. Chlorates & perchlorates 31.59 25.74 23.42 21.80 84.69% 14.40 14.19 1.54 5.97 4.18 16.24% 19.78 22.26 109.02 90.06 134.04 103.41 20.88 28.58 48.67 62.88 384.00

152 Innovassynth Technologies (India) Ltd. Carboxylic acids 41.84 31.4 38.59 27.95 89.01% 107.90 108.24 0.26 -0.73 1.42 4.52% 115.86 135.42 211.51 243.06 164.71 287.23 30.81 50.53 84.09 129.80 425.40

C O S M E T I C S , T O I L E T R I E S , S O A P S & D E T E R G E N T S

1C C Health Care Products Pvt. Ltd. [Merged]

Tooth powder 24.50 36.55 18.23 24.87 68.04% 8.21 7.34 3.39 5.55 10.75 29.41% 29.63 34.92 43.15 27.70 16.95 10.86 0.74 0.54 4.67 2.30 11.50

2 Bajaj Corp Ltd. Hair oil 218.88 294.96 79.66 111.37 37.76% 4.57 18.36 6.07 53.40 102.55 34.77% 0.24 2.00 37.11 40.52 5.17 11.87 0.52 1.11 8.80 15.85 15.30

3 Standard Surfactants Ltd. Synthetic detergents 61.88 42.07 38.39 23.01 54.69% 13.58 12.37 1.86 3.19 2.96 7.04% 52.49 80.04 42.02 30.92 20.36 35.45 0.89 1.01 7.11 10.24 19.20

4 Pee Cee Cosma Sope Ltd. Washing soap flakes, chips & powder 36.45 28.79 29.99 23.95 83.19% 11.38 3.19 7.51 3.96 5.83 20.25% 3.99 5.18 8.77 4.58 19.14 28.15 1.96 2.39 15.18 19.38 21.00

5 Power Soaps Ltd. Synthetic detergents 198.67 206.15 169.13 172.81 83.83% 16.03 23.19 7.45 12.81 19.06 9.25% 3.90 0.77 17.40 20.80 51.12 41.27 0.11 0.09 6.13 7.96 23.10

6 Ador Multiproducts Ltd. Powders (Talcum powder) 10.62 12.35 4.83 5.36 43.40% 1.29 1.30 4.12 0.69 0.75 6.07% 49.43 61.48 31.60 26.11 37.34 42.12 1.33 0.63 35.12 29.03 24.70

7 Shingar Ltd. Cosmetics & toilet preparations 35.37 43.69 26.10 29.90 68.44% 6.28 8.48 3.53 2.65 3.37 7.71% 91.38 94.86 29.25 37.05 19.92 21.67 45.89 42.43 72.39 75.22 27.40

8 Kancor Ingredients Ltd. Essential oils 185.10 195.33 121.67 125.32 64.16% 17.46 21.31 5.88 15.86 22.40 11.47% 31.44 43.26 77.34 57.94 16.82 16.25 65.72 57.39 62.73 55.27 27.90

9 Oriental Aromatics Ltd. Essential oils 52.21 61.78 39.58 51.67 83.64% 4.65 4.35 11.88 10.62 9.75 15.78% 57.07 48.43 29.30 41.01 156.38 129.61 7.05 3.03 23.93 18.05 31.60

10 Paramount Minerals & Chemicals Ltd. Whitening agents 61.36 76.42 52.99 58.13 76.07% 38.64 36.76 1.58 2.89 9.52 12.46% 38.15 36.93 50.55 48.21 50.38 41.52 14.81 14.91 17.05 17.44 31.80

11 Privi Organics Ltd. Essential oils 229.73 262.49 163.78 207.49 79.05% 74.19 88.28 2.35 5.00 39.10 14.90% 89.84 87.23 122.42 128.96 43.61 36.15 77.31 54.53 86.04 71.69 33.60

12 Ultra International Ltd. Perfumes & toilet waters 28.10 30.3 16.44 19.58 64.62% 8.67 9.01 2.17 2.86 4.09 13.50% 18.76 34.64 34.15 46.09 86.77 72.78 11.55 9.67 45.54 35.71 34.90

13 Hindustan Polyamides & Fibres Ltd.Organic surface-active agents other than soap

254.36 247.98 187.29 191.62 77.27% 82.29 78.83 2.43 30.78 44.05 17.76% 48.68 54.43 91.25 71.67 60.69 60.89 10.52 16.65 33.96 40.26 35.10

14 A V T Natural Products Ltd. Essential oils 96.55 84.75 56.13 50.49 59.58% 28.23 36.51 1.38 17.19 16.25 19.17% 101.54 125.55 18.31 47.92 71.98 94.06 7.70 9.30 114.00 133.66 35.10

15 J H S Svendgaard Laboratories Ltd. Preparations for oral or dental hygiene 27.83 50.98 16.67 34.44 67.56% 47.86 63.52 0.54 7.17 13.41 26.30% 85.21 131.63 54.91 129.86 309.12 139.69 8.98 6.86 138.58 64.87 37.20

16 Sunehari Exports Ltd. Tooth brush 13.18 16.98 7.19 7.22 42.52% 21.13 17.02 0.42 0.94 0.21 1.24% 53.07 19.64 1306.11 1132.46 52.89 38.28 36.26 25.35 487.79 363.22 39.90

17 Ajanta India Ltd. Tooth paste 72.37 46.9 36.16 16.49 35.16% 24.55 22.78 0.72 -11.16 1.39 2.96% 27.96 12.88 95.03 119.42 285.35 578.64 71.61 234.79 101.50 143.29 48.80

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Page 83: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 81www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

116 Alkali Metals Ltd. Sodium 63.65 57.07 43.93 39.03 68.39% 27.13 46.68 0.84 12.30 12.43 21.78% 70.56 83.56 28.72 53.53 35.69 54.54 67.38 63.42 70.32 67.33 298.00

117 Andhra Petrochemicals Ltd. Alcohols & their derivatives 245.01 137.9 214.82 120.62 87.47% 57.36 45.37 2.66 40.11 4.89 3.55% 22.52 20.45 11.47 23.68 25.08 50.12 10.09 18.04 24.05 41.73 300.00

118 Metropolitan Eximchem Ltd. Dyes 37.71 35.47 31.66 28.64 80.74% 7.08 6.87 4.17 4.65 1.55 4.37% 67.56 89.27 22.91 76.09 66.71 70.60 19.12 19.75 38.11 32.73 300.40

119 Indian Toners & Developers Ltd. Duplicating ink 43.75 31.1 27.72 21.43 68.91% 13.09 12.14 1.77 6.69 5.32 17.11% 59.07 62.53 101.49 69.10 108.26 111.54 10.23 13.12 35.30 31.16 301.10

120 Adi Finechem Ltd. Fatty acids 33.98 38.34 29.95 32.49 84.74% 20.39 19.02 1.71 1.47 2.61 6.81% 38.25 33.85 13.18 11.87 43.36 58.48 44.78 24.35 44.62 25.71 301.20

121 Agrocel Industries Ltd. Bromine 87.84 76.94 49.78 38.89 50.55% 28.62 29.12 1.34 7.19 8.05 10.46% 36.05 50.83 86.45 91.26 53.62 58.75 3.12 4.14 41.84 56.45 301.50

122 Neelikon Food Dyes & Chemicals Ltd. Other colouring extracts of vegetable origin 54.25 60.56 43.54 44.13 72.87% 31.10 29.02 1.52 6.93 11.58 19.12% 49.75 43.55 51.47 68.89 44.40 50.63 28.18 26.08 90.07 91.89 314.00

123 Kilburn Chemicals Ltd. Titanium dioxide 99.71 109.13 79.59 74.87 68.61% 54.24 62.17 1.20 9.70 16.87 15.46% 38.05 34.19 34.09 39.61 45.00 78.90 18.22 18.18 31.66 37.52 314.20

124 Asian Peroxide Ltd. Hydrogen peroxide 73.81 62.3 48.97 50.62 81.25% 61.66 56.12 0.90 19.83 6.83 10.96% 32.83 34.41 38.82 20.39 45.53 36.46 95.77 96.64 110.56 118.94 314.50

125 Jupiter Bioscience Ltd. Oxygen function amino compounds 142.14 183.79 56.09 74.84 40.72% 256.21 319.29 0.23 79.34 96.94 52.74% 90.61 81.17 26.59 16.22 113.10 96.71 65.83 59.24 138.89 123.32 316.60

126 Advanced Enzyme Technologies Ltd. Enzymes 81.42 107.09 47.97 66.98 62.55% 51.90 48.54 1.38 15.61 20.91 19.53% 52.62 55.51 62.95 57.07 82.98 77.69 56.46 37.09 75.79 51.45 322.10

127 India Gelatine & Chemicals Ltd. Gelatin 80.11 81.3 53.70 59.49 73.17% 45.12 44.05 1.35 17.10 13.91 17.11% 24.06 15.78 25.95 24.39 49.82 60.78 24.36 22.30 91.81 76.30 323.60

128 Hindustan Insecticides Ltd. Insecticides 200.77 234.34 188.30 197.39 84.23% 29.27 27.52 7.17 8.10 9.47 4.04% 114.79 153.83 100.80 119.16 67.98 73.71 18.19 17.20 83.98 77.57 326.20

129 Paushak Ltd. Chemicals 27.96 25.4 19.49 16.68 65.67% 12.03 11.02 1.51 7.16 5.17 20.35% 64.06 77.77 140.86 102.96 64.46 72.42 37.82 48.82 59.82 54.08 328.20

130 Diamines & Chemicals Ltd. Amine function compounds 30.25 45.62 20.67 35.99 78.89% 23.19 30.03 1.20 5.08 18.10 39.68% 73.56 52.41 224.25 74.23 63.05 54.33 55.77 39.67 128.05 79.57 328.40

131 Nutraplus Products (India) Ltd. Anisole 11.82 14.06 8.79 13.04 92.75% 7.11 10.23 1.27 1.27 2.32 16.50% 71.44 79.26 146.14 67.67 78.21 55.31 38.33 45.35 67.69 72.56 329.80

132 Alkyl Amines Chemicals Ltd. Other amine function compounds 199.65 217.27 161.13 163.70 75.34% 102.61 98.50 1.66 23.96 33.95 15.63% 70.32 62.13 61.84 52.88 92.70 111.72 19.21 19.09 72.67 62.68 330.00

133 Travancore Cochin Chemicals Ltd. Sodium hydroxide (Caustic Soda) 122.85 109 103.32 97.77 89.70% 77.83 72.21 1.35 14.55 13.20 12.11% 33.24 37.01 109.00 124.08 155.53 230.15 0.91 1.00 15.62 24.37 330.40

134 Khaitan Chemicals & Fertilizers Ltd. Single superphosphate 355.51 203.31 271.98 223.60 109.98% 87.42 81.91 2.73 34.78 18.03 8.87% 8.92 8.02 55.71 76.15 52.18 78.58 0.30 0.06 33.66 90.86 332.90

135 Rathi Graphic Technologies Ltd. Chemicals for photographic uses 15.07 18.19 10.39 12.20 67.07% 13.71 13.24 0.92 2.60 3.21 17.65% 84.30 75.14 53.18 43.64 150.93 129.67 28.73 27.35 116.68 103.99 338.10

136 Asian Fertilizers Ltd. Single superphosphate 55.30 28.53 51.53 33.03 115.77% 3.74 3.57 9.25 2.46 0.76 2.66% 10.23 16.13 35.39 114.90 22.02 44.80 3.20 33.41 7.10 50.79 342.70

137 Benzo Petro International Ltd. Ortho-chloro-benzaldehyde 35.17 105.78 8.08 5.41 5.11% 13.41 13.48 0.40 -1.49 3.02 2.85% 8.46 59.33 245.07 238.74 93.22 165.02 4.17 5.62 46.36 34.51 343.80

138 Ravi Dyeware Co. Ltd. Dyes 105.54 111.62 86.25 97.04 86.94% 12.17 13.01 7.46 4.65 6.81 6.10% 36.49 22.20 52.84 60.48 51.12 55.90 64.48 49.37 70.45 54.21 344.10

139 Tanfac Industries Ltd. Fluorides 217.89 148.93 215.52 122.37 82.17% 68.46 63.62 1.92 10.88 2.13 1.43% 35.47 50.05 42.27 60.35 68.27 116.26 5.17 7.46 29.32 50.57 345.50

140 Vivid Global Inds. Ltd. Amine function compounds 6.01 12.19 5.54 6.12 50.21% 1.26 1.15 5.32 -0.64 0.98 8.04% 70.54 55.44 143.55 164.55 111.36 87.24 33.48 70.77 41.80 51.24 353.50

141 Borax Morarji Ltd. Borax 74.04 69.59 56.95 60.14 86.42% 21.84 19.57 3.07 9.83 8.17 11.74% 44.59 40.69 92.15 92.48 113.47 132.23 8.16 9.70 37.47 49.50 356.60

142 Nicomet Industries Ltd. Salts of inorganic acids & metals 179.46 110.26 175.78 74.07 67.18% 40.20 37.15 1.99 9.91 19.90 18.05% 56.00 55.26 112.32 218.64 18.44 58.65 48.72 92.89 77.13 183.49 358.00

143 C J Gelatine Products Ltd. Gelatin 15.45 13.11 13.87 11.60 88.48% 13.77 13.11 0.88 0.23 0.22 1.68% 23.88 23.27 167.86 188.00 31.73 27.55 122.95 169.20 185.33 196.33 362.00

144 Shreyas Intermediates Ltd. Pigments 109.60 82.95 90.67 80.09 96.55% 84.11 102.46 0.78 15.82 9.24 11.14% 35.47 59.17 61.74 8.51 125.73 110.91 36.23 31.55 92.96 136.20 367.00

145 Avon Organics Ltd. Organic chemicals 122.28 150.45 95.55 121.32 80.64% 49.17 56.90 2.13 19.19 24.08 16.01% 89.31 127.34 86.88 128.52 109.71 125.29 73.91 63.93 99.68 81.56 367.10

146 Vishnu Chemicals Ltd. Chromates of sodium, potassium, zinc & lead 126.64 200.78 103.50 162.80 81.08% 192.05 189.98 0.86 17.37 37.16 18.51% 44.06 37.38 93.23 119.46 144.38 75.50 35.32 29.10 44.49 53.01 367.60

147 Titanium Tantalum Products Ltd. Alkali & alkali-earth metals 62.46 70.84 44.33 47.75 67.41% 9.48 9.99 4.78 11.07 12.88 18.18% 313.25 330.32 517.46 479.05 185.45 269.23 191.50 234.56 224.18 245.13 368.10

148 Metrochem Industries Ltd. [Merged] Dyes 223.26 12.1 171.05 10.42 86.12% 83.88 5.10 2.04 10.70 42.00 347.11% 108.75 837.06 34.08 75.31 29.32 196.81 29.57 260.29 38.13 315.82 371.00

149 Aimco Pesticides Ltd. Chlorpyriphos 14.79 27.29 5.36 13.47 49.36% 5.62 5.08 2.65 -1.20 0.35 1.28% 586.60 319.82 252.77 194.69 192.31 115.85 243.16 99.37 345.62 156.56 376.90

150 Lords Chemicals Ltd. Chromates of sodium, potassium, zinc & lead 26.81 20.49 26.23 16.30 79.55% 4.86 4.70 3.47 1.83 2.31 11.27% 24.16 56.23 13.37 111.84 96.04 116.65 24.28 32.87 28.43 97.97 378.00

151 Pandian Chemicals Ltd. Chlorates & perchlorates 31.59 25.74 23.42 21.80 84.69% 14.40 14.19 1.54 5.97 4.18 16.24% 19.78 22.26 109.02 90.06 134.04 103.41 20.88 28.58 48.67 62.88 384.00

152 Innovassynth Technologies (India) Ltd. Carboxylic acids 41.84 31.4 38.59 27.95 89.01% 107.90 108.24 0.26 -0.73 1.42 4.52% 115.86 135.42 211.51 243.06 164.71 287.23 30.81 50.53 84.09 129.80 425.40

C O S M E T I C S , T O I L E T R I E S , S O A P S & D E T E R G E N T S

1C C Health Care Products Pvt. Ltd. [Merged]

Tooth powder 24.50 36.55 18.23 24.87 68.04% 8.21 7.34 3.39 5.55 10.75 29.41% 29.63 34.92 43.15 27.70 16.95 10.86 0.74 0.54 4.67 2.30 11.50

2 Bajaj Corp Ltd. Hair oil 218.88 294.96 79.66 111.37 37.76% 4.57 18.36 6.07 53.40 102.55 34.77% 0.24 2.00 37.11 40.52 5.17 11.87 0.52 1.11 8.80 15.85 15.30

3 Standard Surfactants Ltd. Synthetic detergents 61.88 42.07 38.39 23.01 54.69% 13.58 12.37 1.86 3.19 2.96 7.04% 52.49 80.04 42.02 30.92 20.36 35.45 0.89 1.01 7.11 10.24 19.20

4 Pee Cee Cosma Sope Ltd. Washing soap flakes, chips & powder 36.45 28.79 29.99 23.95 83.19% 11.38 3.19 7.51 3.96 5.83 20.25% 3.99 5.18 8.77 4.58 19.14 28.15 1.96 2.39 15.18 19.38 21.00

5 Power Soaps Ltd. Synthetic detergents 198.67 206.15 169.13 172.81 83.83% 16.03 23.19 7.45 12.81 19.06 9.25% 3.90 0.77 17.40 20.80 51.12 41.27 0.11 0.09 6.13 7.96 23.10

6 Ador Multiproducts Ltd. Powders (Talcum powder) 10.62 12.35 4.83 5.36 43.40% 1.29 1.30 4.12 0.69 0.75 6.07% 49.43 61.48 31.60 26.11 37.34 42.12 1.33 0.63 35.12 29.03 24.70

7 Shingar Ltd. Cosmetics & toilet preparations 35.37 43.69 26.10 29.90 68.44% 6.28 8.48 3.53 2.65 3.37 7.71% 91.38 94.86 29.25 37.05 19.92 21.67 45.89 42.43 72.39 75.22 27.40

8 Kancor Ingredients Ltd. Essential oils 185.10 195.33 121.67 125.32 64.16% 17.46 21.31 5.88 15.86 22.40 11.47% 31.44 43.26 77.34 57.94 16.82 16.25 65.72 57.39 62.73 55.27 27.90

9 Oriental Aromatics Ltd. Essential oils 52.21 61.78 39.58 51.67 83.64% 4.65 4.35 11.88 10.62 9.75 15.78% 57.07 48.43 29.30 41.01 156.38 129.61 7.05 3.03 23.93 18.05 31.60

10 Paramount Minerals & Chemicals Ltd. Whitening agents 61.36 76.42 52.99 58.13 76.07% 38.64 36.76 1.58 2.89 9.52 12.46% 38.15 36.93 50.55 48.21 50.38 41.52 14.81 14.91 17.05 17.44 31.80

11 Privi Organics Ltd. Essential oils 229.73 262.49 163.78 207.49 79.05% 74.19 88.28 2.35 5.00 39.10 14.90% 89.84 87.23 122.42 128.96 43.61 36.15 77.31 54.53 86.04 71.69 33.60

12 Ultra International Ltd. Perfumes & toilet waters 28.10 30.3 16.44 19.58 64.62% 8.67 9.01 2.17 2.86 4.09 13.50% 18.76 34.64 34.15 46.09 86.77 72.78 11.55 9.67 45.54 35.71 34.90

13 Hindustan Polyamides & Fibres Ltd.Organic surface-active agents other than soap

254.36 247.98 187.29 191.62 77.27% 82.29 78.83 2.43 30.78 44.05 17.76% 48.68 54.43 91.25 71.67 60.69 60.89 10.52 16.65 33.96 40.26 35.10

14 A V T Natural Products Ltd. Essential oils 96.55 84.75 56.13 50.49 59.58% 28.23 36.51 1.38 17.19 16.25 19.17% 101.54 125.55 18.31 47.92 71.98 94.06 7.70 9.30 114.00 133.66 35.10

15 J H S Svendgaard Laboratories Ltd. Preparations for oral or dental hygiene 27.83 50.98 16.67 34.44 67.56% 47.86 63.52 0.54 7.17 13.41 26.30% 85.21 131.63 54.91 129.86 309.12 139.69 8.98 6.86 138.58 64.87 37.20

16 Sunehari Exports Ltd. Tooth brush 13.18 16.98 7.19 7.22 42.52% 21.13 17.02 0.42 0.94 0.21 1.24% 53.07 19.64 1306.11 1132.46 52.89 38.28 36.26 25.35 487.79 363.22 39.90

17 Ajanta India Ltd. Tooth paste 72.37 46.9 36.16 16.49 35.16% 24.55 22.78 0.72 -11.16 1.39 2.96% 27.96 12.88 95.03 119.42 285.35 578.64 71.61 234.79 101.50 143.29 48.80

CHEM

ICALSCOSM

ETICS,TOILETR

IES, SOAPS &

DETER

GENTS

small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 84: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com82 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

C R U D E O I L A N D N A T U R A L G A S

1 Tinna Overseas Ltd. Bitumen & asphalt 54.78 157.2 34.96 59.66 37.95% 15.21 17.96 3.32 11.39 6.68 4.25% 51.35 32.79 47.59 26.75 44.66 25.63 2.54 1.10 17.72 2.00 8.20

2 Anand Engineers Pvt. Ltd. Heavy ends 14.64 18.77 11.94 16.50 87.91% 1.24 1.35 12.22 1.93 2.08 11.08% 56.01 56.07 40.34 79.20 37.72 30.67 3.17 0.96 27.71 29.68 10.90

3 K L J Organic Ltd. Paraffins incl. paraffin wax 117.51 170.74 104.00 138.66 81.21% 10.62 17.73 7.82 8.45 27.93 16.36% 47.15 43.44 44.19 57.73 41.81 36.89 1.60 2.51 8.31 7.34 11.00

4 Waxpol Industries Ltd. Lube oils & lubricants 43.56 50.42 37.46 42.45 84.19% 4.04 4.29 9.90 1.76 3.41 6.76% 28.38 29.31 36.91 52.73 27.13 22.63 5.41 5.89 27.76 28.47 11.40

5 Continental Petroleums Ltd. Lube oils & lubricants 9.69 10.79 8.31 9.13 84.62% 0.82 1.43 6.38 0.79 0.92 8.53% 56.77 72.80 51.91 123.26 81.11 76.46 4.93 1.62 18.74 14.32 14.00

6 Paras Lubricants Ltd. Lube oils & lubricants 26.88 46.29 25.03 43.67 94.34% 2.09 2.15 20.31 0.34 0.65 1.40% 140.32 67.65 87.70 93.25 46.37 37.97 4.67 3.68 28.82 26.92 14.70

D I V E R S I F I E D

1 Bihar Rubber Co. Ltd. Diversified 13.33 21.14 11.48 20.05 94.84% 0.83 0.73 27.47 0.52 0.76 3.60% 170.43 102.43 244.85 113.31 18.92 12.66 15.68 5.26 20.54 10.69 10.00

2 Agribiotech Industries Ltd. Diversified 73.87 85.68 62.16 76.32 89.08% 35.23 32.27 2.37 10.59 8.37 9.77% 8.48 18.99 19.58 30.64 23.33 25.16 2.81 4.42 19.21 25.91 13.30

3 B P Ergo Ltd. Diversified 160.46 105.94 121.49 88.42 83.46% 12.45 24.94 3.55 19.17 4.89 4.62% 101.93 148.59 85.11 144.12 36.64 46.43 10.20 15.17 18.24 25.70 15.70

4Mahindra Engineering & Chemical Products Ltd.

Diversified 60.55 47.37 45.00 31.68 66.88% 3.07 3.21 9.87 12.11 16.40 34.62% 71.58 94.28 60.65 78.26 38.73 51.35 31.64 41.79 32.41 43.03 16.40

5 Bombay Burmah Trdg. Corpn. Ltd. Diversified 259.90 296.31 182.07 216.15 72.95% 96.32 99.56 2.17 19.05 39.60 13.36% 75.27 68.28 52.16 67.31 66.44 59.19 5.88 6.29 63.88 71.12 18.30

6 Biecco Lawrie Ltd. Diversified 52.97 63.15 44.67 57.06 90.36% 6.25 5.83 9.79 3.70 3.24 5.13% 193.88 202.59 185.17 214.78 99.79 127.86 8.75 6.83 26.61 17.36 18.80

7 Modi Industries Ltd. Diversified 221.22 215.36 182.23 218.61 101.51% 95.08 93.48 2.34 2.39 34.12 15.84% 39.77 52.12 148.89 214.14 30.37 24.91 5.99 6.46 91.95 141.34 18.80

8 Ambalal Sarabhai Enterprises Ltd. Diversified 54.89 57.05 45.99 31.22 54.72% 68.08 64.92 0.48 31.28 10.72 18.79% 180.05 153.17 315.80 402.20 148.45 101.36 20.52 25.52 29.69 35.28 19.70

9 Jessop & Co. Ltd. Diversified 206.35 235.86 59.93 55.88 23.69% 75.03 167.75 0.33 29.81 38.04 16.13% 123.19 134.30 114.91 88.54 145.98 181.42 97.69 107.28 68.25 45.37 23.20

10 Belliss India Ltd. Diversified 20.27 22.76 15.24 17.28 75.92% 2.41 2.21 7.82 1.74 3.31 14.54% 87.28 64.66 280.82 201.26 321.99 275.15 80.04 66.92 99.28 95.01 26.80

D R U G S A N D P H A R M A C E U T I C A L S

1 Jubilant Chemsys Ltd. Drugs, medicines & allied products 67.60 65.87 44.21 46.31 70.31% 46.12 41.29 1.12 8.25 17.02 25.84% 84.37 82.03 21.32 17.96 1.69 1.91 0.48 0.46 0.50 0.49 56.60

2 Harman Finochem Ltd. Drugs, medicines & allied products 107.06 130.44 75.45 78.42 60.12% 31.08 57.96 1.35 28.74 45.51 34.89% 52.57 53.79 59.01 46.97 16.52 19.71 0.26 0.23 2.15 1.58 71.90

3 Natural Capsules Ltd. Empty capsules 25.86 28.94 15.31 17.76 61.37% 11.27 12.45 1.43 7.45 8.17 28.23% 111.13 108.05 63.24 73.49 30.48 21.77 1.86 2.49 20.87 15.61 86.70

4 Vikram Thermo (India) Ltd. Basic pharmaceuticals nec 14.92 18.67 10.05 13.34 71.45% 6.91 6.66 2.00 3.22 3.84 20.57% 143.96 122.23 53.76 53.10 30.53 34.60 2.56 0.57 24.14 14.10 91.80

5 Anuh Pharma Ltd. Antibiotics 120.71 166.39 87.08 148.90 89.49% 7.41 7.08 21.03 15.50 19.11 11.49% 73.48 55.61 68.64 81.99 16.85 9.99 2.18 1.32 12.27 11.28 97.70

6 Kilitch Drugs (India) Ltd. Drug formulations 129.01 142.65 104.29 113.53 79.59% 46.34 44.25 2.57 24.14 24.11 16.90% 133.72 131.22 121.19 43.17 43.70 34.75 6.64 6.17 10.70 9.63 102.60

7 Roopa Industries Ltd. Drugs, medicines & allied products 14.15 27.75 12.64 24.42 88.00% 4.72 5.46 4.47 0.90 1.20 4.32% 89.71 72.48 56.87 49.82 31.93 15.36 12.48 5.40 25.01 10.57 103.60

8 Goa Antibiotics & Pharmaceuticals Ltd. Drug formulations 18.30 23.28 7.91 9.72 41.75% 3.56 4.23 2.30 5.34 1.77 7.60% 232.85 221.29 190.96 163.98 23.94 16.85 2.60 5.04 15.68 15.04 103.80

9 Samrat Pharmachem Ltd. Drugs, medicines & allied products 34.49 43.6 33.13 40.15 92.09% 2.10 2.30 17.46 0.45 1.85 4.24% 71.34 58.59 77.56 46.36 15.63 11.58 12.72 7.91 12.79 7.90 105.60

10 Sanjivani Paranteral Ltd. Antibiotics 103.46 139.36 93.27 123.18 88.39% 7.59 16.32 7.55 8.38 11.72 8.41% 156.66 138.21 83.15 55.95 49.80 41.08 1.00 0.49 1.27 0.77 109.90

11 Denis Chem Lab Ltd. Other pharmaceutical products, nec 26.62 30.72 20.38 23.05 75.03% 7.98 9.71 2.37 3.29 3.46 11.26% 70.66 83.61 73.72 102.23 18.48 23.48 3.36 1.54 18.60 13.41 110.50

12 Amrutanjan Health Care Ltd. Ayurvedic & unani medicaments 87.06 85.94 43.68 47.70 55.50% 15.91 15.57 3.06 101.00 20.21 23.52% 39.62 50.89 37.00 58.07 36.35 29.90 6.17 2.09 32.31 30.08 113.50

13 Healthcaps India Ltd. Empty capsules 21.54 24.76 14.84 19.66 79.40% 18.50 18.07 1.09 4.51 3.81 15.39% 94.36 82.19 78.60 72.94 33.04 26.35 3.65 2.17 12.17 13.67 113.60

14 Medi-Caps Ltd. Empty capsules 20.65 20.54 13.27 14.37 69.96% 5.47 4.59 3.13 5.54 5.45 26.53% 84.24 82.79 56.15 61.51 39.36 35.17 3.10 1.59 36.73 29.99 114.10

15 Syncom Formulations (India) Ltd. Drug formulations 58.05 85.41 38.60 60.87 71.27% 32.31 31.58 1.93 6.28 9.51 11.13% 96.31 76.84 32.71 89.41 29.75 16.31 6.55 6.18 13.62 16.73 120.10

16 Sitaram Ayurveda Pharmacy Ltd. Ayurvedic & unani medicaments 10.13 13.1 7.06 8.50 64.89% 1.66 1.66 5.12 0.66 0.75 5.73% 54.32 46.18 55.72 52.97 13.64 14.19 2.06 2.22 57.43 47.42 121.60

17 Creative Health Care Pvt. Ltd. Drugs, medicines & allied products 32.42 33.34 25.84 26.40 79.18% 6.30 8.33 3.17 5.40 5.87 17.61% 81.74 101.60 76.32 65.26 45.51 49.26 6.93 2.24 5.50 1.86 122.40

18 Gennex Laboratories Ltd. Drugs, medicines & allied products 14.95 15.04 12.94 12.04 80.05% 8.87 16.27 0.74 1.33 0.25 1.66% 210.53 151.08 191.01 65.01 21.54 24.76 4.82 7.89 11.21 16.55 128.50

19 Penam Laboratories Ltd. Drug formulations 124.65 97.02 107.15 89.58 92.33% 6.84 7.03 12.74 15.86 6.08 6.27% 41.18 57.85 60.41 76.88 14.37 15.15 6.29 9.53 12.61 17.97 135.70

20 Medicamen Biotech Ltd. Drug formulations 86.33 101.61 72.92 83.10 81.78% 18.10 19.73 4.21 4.19 8.29 8.16% 77.17 67.05 103.97 97.91 29.88 30.27 6.88 4.02 11.89 9.16 136.10

21 Arvind Remedies Ltd. Drug formulations 217.88 297.76 190.88 265.74 89.25% 34.65 35.95 7.39 18.86 29.81 10.01% 121.37 112.32 46.55 42.97 30.60 27.74 32.02 26.99 32.30 28.06 137.60

22 Icpa Health Products Ltd. Pharmaceutical products, nec 36.23 42.42 21.60 23.60 55.63% 7.01 7.75 3.05 10.45 12.70 29.94% 29.58 32.71 46.16 48.25 32.98 36.87 4.33 4.65 49.99 42.91 140.60

23Kunshan Rotam Reddy Pharmaceutical Co. Ltd.

Drugs, medicines & allied products 60.93 78.45 32.95 40.86 52.08% 14.31 15.97 2.56 6.02 13.68 17.44% 127.84 111.38 127.59 102.43 41.70 32.72 5.74 8.84 41.38 39.77 143.10

24 Raptakos, Brett & Co. Ltd. Drug formulations 222.60 260.95 125.22 138.79 53.19% 81.50 76.64 1.81 55.69 81.85 31.37% 28.44 27.73 38.87 37.42 40.12 40.05 4.99 5.83 39.38 35.63 148.00

25 Jagsonpal Pharmaceuticals Ltd. Drug formulations 136.19 139.6 86.73 113.15 81.05% 28.86 53.20 2.13 15.72 16.08 11.52% 101.00 96.21 25.99 26.80 55.24 26.21 14.01 14.98 68.45 60.73 148.00

26 Suyash Laboratories Ltd. Drugs, medicines & allied products 38.19 51.06 26.16 29.74 58.25% 25.36 23.67 1.26 7.83 8.92 17.47% 116.28 85.84 30.66 50.99 22.48 39.42 15.72 18.60 36.94 21.32 152.60

27 Rajasthan Drugs & Pharmaceuticals Ltd. Drug formulations 78.01 83.57 44.38 42.02 50.28% 4.08 6.25 6.72 2.05 4.79 5.73% 149.14 173.61 125.03 153.11 35.48 35.86 19.80 12.86 23.08 20.80 152.90

28 Tyche Industries Ltd. Drugs, medicines & allied products 37.25 45.57 29.19 39.59 86.88% 13.12 13.14 3.01 7.32 5.64 12.38% 78.31 79.71 64.70 31.93 42.40 39.43 5.41 15.41 15.42 20.41 154.80

29Karnataka Antibiotics & Pharmaceuticals Ltd.

Drug formulations 217.77 207.79 81.91 89.38 43.01% 24.58 23.90 3.74 12.34 19.05 9.17% 103.86 141.25 136.18 172.78 32.27 33.94 9.47 10.84 42.57 42.13 156.00

30 Makers Laboratories Ltd. Drug formulations 42.23 46.16 19.47 24.25 52.53% 3.08 6.19 3.92 4.32 5.43 11.76% 47.23 43.46 39.66 39.57 32.83 39.57 6.23 5.52 56.80 54.15 158.50

31 Bliss G V S Pharma Ltd. Drugs, medicines & allied products 132.76 166.3 75.25 71.71 43.12% 24.37 20.19 3.55 46.29 51.19 30.78% 125.18 125.60 93.61 35.34 134.62 173.11 2.30 2.29 15.14 12.86 158.60

32 Lincoln Pharmaceuticals Ltd. Drug formulations 112.98 123.59 37.80 62.00 50.17% 16.88 21.69 2.86 8.99 10.57 8.55% 64.39 79.80 47.55 62.07 43.86 31.48 14.95 8.39 45.88 61.70 158.80

33 Mangalam Drugs & Organics Ltd. Drugs, medicines & allied products 98.45 109.94 85.70 102.99 93.68% 43.55 45.98 2.24 9.46 11.13 10.12% 81.50 75.72 53.34 47.84 30.80 24.26 13.68 15.93 48.84 57.39 162.60

34 Everest Organics Ltd. Drug formulations 25.70 40.96 21.14 36.30 88.62% 12.83 12.99 2.79 3.00 3.94 9.62% 73.82 78.76 134.32 167.74 34.27 31.57 9.35 6.92 16.96 16.76 167.00

35 Vasudha Pharma Chem Ltd. Drugs, medicines & allied products 216.88 242.79 181.54 199.38 82.12% 66.93 63.93 3.12 27.06 32.56 13.41% 92.79 98.01 69.12 91.57 26.36 37.06 15.56 18.24 17.13 20.09 168.40

36 Zydus Animal Health Ltd. Antibiotics 106.02 116.37 38.69 48.03 41.27% 9.53 1.90 25.28 27.24 33.45 28.74% 44.73 46.29 59.30 77.13 65.87 60.21 4.08 5.35 41.50 37.19 168.60

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 83www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

C R U D E O I L A N D N A T U R A L G A S

1 Tinna Overseas Ltd. Bitumen & asphalt 54.78 157.2 34.96 59.66 37.95% 15.21 17.96 3.32 11.39 6.68 4.25% 51.35 32.79 47.59 26.75 44.66 25.63 2.54 1.10 17.72 2.00 8.20

2 Anand Engineers Pvt. Ltd. Heavy ends 14.64 18.77 11.94 16.50 87.91% 1.24 1.35 12.22 1.93 2.08 11.08% 56.01 56.07 40.34 79.20 37.72 30.67 3.17 0.96 27.71 29.68 10.90

3 K L J Organic Ltd. Paraffins incl. paraffin wax 117.51 170.74 104.00 138.66 81.21% 10.62 17.73 7.82 8.45 27.93 16.36% 47.15 43.44 44.19 57.73 41.81 36.89 1.60 2.51 8.31 7.34 11.00

4 Waxpol Industries Ltd. Lube oils & lubricants 43.56 50.42 37.46 42.45 84.19% 4.04 4.29 9.90 1.76 3.41 6.76% 28.38 29.31 36.91 52.73 27.13 22.63 5.41 5.89 27.76 28.47 11.40

5 Continental Petroleums Ltd. Lube oils & lubricants 9.69 10.79 8.31 9.13 84.62% 0.82 1.43 6.38 0.79 0.92 8.53% 56.77 72.80 51.91 123.26 81.11 76.46 4.93 1.62 18.74 14.32 14.00

6 Paras Lubricants Ltd. Lube oils & lubricants 26.88 46.29 25.03 43.67 94.34% 2.09 2.15 20.31 0.34 0.65 1.40% 140.32 67.65 87.70 93.25 46.37 37.97 4.67 3.68 28.82 26.92 14.70

D I V E R S I F I E D

1 Bihar Rubber Co. Ltd. Diversified 13.33 21.14 11.48 20.05 94.84% 0.83 0.73 27.47 0.52 0.76 3.60% 170.43 102.43 244.85 113.31 18.92 12.66 15.68 5.26 20.54 10.69 10.00

2 Agribiotech Industries Ltd. Diversified 73.87 85.68 62.16 76.32 89.08% 35.23 32.27 2.37 10.59 8.37 9.77% 8.48 18.99 19.58 30.64 23.33 25.16 2.81 4.42 19.21 25.91 13.30

3 B P Ergo Ltd. Diversified 160.46 105.94 121.49 88.42 83.46% 12.45 24.94 3.55 19.17 4.89 4.62% 101.93 148.59 85.11 144.12 36.64 46.43 10.20 15.17 18.24 25.70 15.70

4Mahindra Engineering & Chemical Products Ltd.

Diversified 60.55 47.37 45.00 31.68 66.88% 3.07 3.21 9.87 12.11 16.40 34.62% 71.58 94.28 60.65 78.26 38.73 51.35 31.64 41.79 32.41 43.03 16.40

5 Bombay Burmah Trdg. Corpn. Ltd. Diversified 259.90 296.31 182.07 216.15 72.95% 96.32 99.56 2.17 19.05 39.60 13.36% 75.27 68.28 52.16 67.31 66.44 59.19 5.88 6.29 63.88 71.12 18.30

6 Biecco Lawrie Ltd. Diversified 52.97 63.15 44.67 57.06 90.36% 6.25 5.83 9.79 3.70 3.24 5.13% 193.88 202.59 185.17 214.78 99.79 127.86 8.75 6.83 26.61 17.36 18.80

7 Modi Industries Ltd. Diversified 221.22 215.36 182.23 218.61 101.51% 95.08 93.48 2.34 2.39 34.12 15.84% 39.77 52.12 148.89 214.14 30.37 24.91 5.99 6.46 91.95 141.34 18.80

8 Ambalal Sarabhai Enterprises Ltd. Diversified 54.89 57.05 45.99 31.22 54.72% 68.08 64.92 0.48 31.28 10.72 18.79% 180.05 153.17 315.80 402.20 148.45 101.36 20.52 25.52 29.69 35.28 19.70

9 Jessop & Co. Ltd. Diversified 206.35 235.86 59.93 55.88 23.69% 75.03 167.75 0.33 29.81 38.04 16.13% 123.19 134.30 114.91 88.54 145.98 181.42 97.69 107.28 68.25 45.37 23.20

10 Belliss India Ltd. Diversified 20.27 22.76 15.24 17.28 75.92% 2.41 2.21 7.82 1.74 3.31 14.54% 87.28 64.66 280.82 201.26 321.99 275.15 80.04 66.92 99.28 95.01 26.80

D R U G S A N D P H A R M A C E U T I C A L S

1 Jubilant Chemsys Ltd. Drugs, medicines & allied products 67.60 65.87 44.21 46.31 70.31% 46.12 41.29 1.12 8.25 17.02 25.84% 84.37 82.03 21.32 17.96 1.69 1.91 0.48 0.46 0.50 0.49 56.60

2 Harman Finochem Ltd. Drugs, medicines & allied products 107.06 130.44 75.45 78.42 60.12% 31.08 57.96 1.35 28.74 45.51 34.89% 52.57 53.79 59.01 46.97 16.52 19.71 0.26 0.23 2.15 1.58 71.90

3 Natural Capsules Ltd. Empty capsules 25.86 28.94 15.31 17.76 61.37% 11.27 12.45 1.43 7.45 8.17 28.23% 111.13 108.05 63.24 73.49 30.48 21.77 1.86 2.49 20.87 15.61 86.70

4 Vikram Thermo (India) Ltd. Basic pharmaceuticals nec 14.92 18.67 10.05 13.34 71.45% 6.91 6.66 2.00 3.22 3.84 20.57% 143.96 122.23 53.76 53.10 30.53 34.60 2.56 0.57 24.14 14.10 91.80

5 Anuh Pharma Ltd. Antibiotics 120.71 166.39 87.08 148.90 89.49% 7.41 7.08 21.03 15.50 19.11 11.49% 73.48 55.61 68.64 81.99 16.85 9.99 2.18 1.32 12.27 11.28 97.70

6 Kilitch Drugs (India) Ltd. Drug formulations 129.01 142.65 104.29 113.53 79.59% 46.34 44.25 2.57 24.14 24.11 16.90% 133.72 131.22 121.19 43.17 43.70 34.75 6.64 6.17 10.70 9.63 102.60

7 Roopa Industries Ltd. Drugs, medicines & allied products 14.15 27.75 12.64 24.42 88.00% 4.72 5.46 4.47 0.90 1.20 4.32% 89.71 72.48 56.87 49.82 31.93 15.36 12.48 5.40 25.01 10.57 103.60

8 Goa Antibiotics & Pharmaceuticals Ltd. Drug formulations 18.30 23.28 7.91 9.72 41.75% 3.56 4.23 2.30 5.34 1.77 7.60% 232.85 221.29 190.96 163.98 23.94 16.85 2.60 5.04 15.68 15.04 103.80

9 Samrat Pharmachem Ltd. Drugs, medicines & allied products 34.49 43.6 33.13 40.15 92.09% 2.10 2.30 17.46 0.45 1.85 4.24% 71.34 58.59 77.56 46.36 15.63 11.58 12.72 7.91 12.79 7.90 105.60

10 Sanjivani Paranteral Ltd. Antibiotics 103.46 139.36 93.27 123.18 88.39% 7.59 16.32 7.55 8.38 11.72 8.41% 156.66 138.21 83.15 55.95 49.80 41.08 1.00 0.49 1.27 0.77 109.90

11 Denis Chem Lab Ltd. Other pharmaceutical products, nec 26.62 30.72 20.38 23.05 75.03% 7.98 9.71 2.37 3.29 3.46 11.26% 70.66 83.61 73.72 102.23 18.48 23.48 3.36 1.54 18.60 13.41 110.50

12 Amrutanjan Health Care Ltd. Ayurvedic & unani medicaments 87.06 85.94 43.68 47.70 55.50% 15.91 15.57 3.06 101.00 20.21 23.52% 39.62 50.89 37.00 58.07 36.35 29.90 6.17 2.09 32.31 30.08 113.50

13 Healthcaps India Ltd. Empty capsules 21.54 24.76 14.84 19.66 79.40% 18.50 18.07 1.09 4.51 3.81 15.39% 94.36 82.19 78.60 72.94 33.04 26.35 3.65 2.17 12.17 13.67 113.60

14 Medi-Caps Ltd. Empty capsules 20.65 20.54 13.27 14.37 69.96% 5.47 4.59 3.13 5.54 5.45 26.53% 84.24 82.79 56.15 61.51 39.36 35.17 3.10 1.59 36.73 29.99 114.10

15 Syncom Formulations (India) Ltd. Drug formulations 58.05 85.41 38.60 60.87 71.27% 32.31 31.58 1.93 6.28 9.51 11.13% 96.31 76.84 32.71 89.41 29.75 16.31 6.55 6.18 13.62 16.73 120.10

16 Sitaram Ayurveda Pharmacy Ltd. Ayurvedic & unani medicaments 10.13 13.1 7.06 8.50 64.89% 1.66 1.66 5.12 0.66 0.75 5.73% 54.32 46.18 55.72 52.97 13.64 14.19 2.06 2.22 57.43 47.42 121.60

17 Creative Health Care Pvt. Ltd. Drugs, medicines & allied products 32.42 33.34 25.84 26.40 79.18% 6.30 8.33 3.17 5.40 5.87 17.61% 81.74 101.60 76.32 65.26 45.51 49.26 6.93 2.24 5.50 1.86 122.40

18 Gennex Laboratories Ltd. Drugs, medicines & allied products 14.95 15.04 12.94 12.04 80.05% 8.87 16.27 0.74 1.33 0.25 1.66% 210.53 151.08 191.01 65.01 21.54 24.76 4.82 7.89 11.21 16.55 128.50

19 Penam Laboratories Ltd. Drug formulations 124.65 97.02 107.15 89.58 92.33% 6.84 7.03 12.74 15.86 6.08 6.27% 41.18 57.85 60.41 76.88 14.37 15.15 6.29 9.53 12.61 17.97 135.70

20 Medicamen Biotech Ltd. Drug formulations 86.33 101.61 72.92 83.10 81.78% 18.10 19.73 4.21 4.19 8.29 8.16% 77.17 67.05 103.97 97.91 29.88 30.27 6.88 4.02 11.89 9.16 136.10

21 Arvind Remedies Ltd. Drug formulations 217.88 297.76 190.88 265.74 89.25% 34.65 35.95 7.39 18.86 29.81 10.01% 121.37 112.32 46.55 42.97 30.60 27.74 32.02 26.99 32.30 28.06 137.60

22 Icpa Health Products Ltd. Pharmaceutical products, nec 36.23 42.42 21.60 23.60 55.63% 7.01 7.75 3.05 10.45 12.70 29.94% 29.58 32.71 46.16 48.25 32.98 36.87 4.33 4.65 49.99 42.91 140.60

23Kunshan Rotam Reddy Pharmaceutical Co. Ltd.

Drugs, medicines & allied products 60.93 78.45 32.95 40.86 52.08% 14.31 15.97 2.56 6.02 13.68 17.44% 127.84 111.38 127.59 102.43 41.70 32.72 5.74 8.84 41.38 39.77 143.10

24 Raptakos, Brett & Co. Ltd. Drug formulations 222.60 260.95 125.22 138.79 53.19% 81.50 76.64 1.81 55.69 81.85 31.37% 28.44 27.73 38.87 37.42 40.12 40.05 4.99 5.83 39.38 35.63 148.00

25 Jagsonpal Pharmaceuticals Ltd. Drug formulations 136.19 139.6 86.73 113.15 81.05% 28.86 53.20 2.13 15.72 16.08 11.52% 101.00 96.21 25.99 26.80 55.24 26.21 14.01 14.98 68.45 60.73 148.00

26 Suyash Laboratories Ltd. Drugs, medicines & allied products 38.19 51.06 26.16 29.74 58.25% 25.36 23.67 1.26 7.83 8.92 17.47% 116.28 85.84 30.66 50.99 22.48 39.42 15.72 18.60 36.94 21.32 152.60

27 Rajasthan Drugs & Pharmaceuticals Ltd. Drug formulations 78.01 83.57 44.38 42.02 50.28% 4.08 6.25 6.72 2.05 4.79 5.73% 149.14 173.61 125.03 153.11 35.48 35.86 19.80 12.86 23.08 20.80 152.90

28 Tyche Industries Ltd. Drugs, medicines & allied products 37.25 45.57 29.19 39.59 86.88% 13.12 13.14 3.01 7.32 5.64 12.38% 78.31 79.71 64.70 31.93 42.40 39.43 5.41 15.41 15.42 20.41 154.80

29Karnataka Antibiotics & Pharmaceuticals Ltd.

Drug formulations 217.77 207.79 81.91 89.38 43.01% 24.58 23.90 3.74 12.34 19.05 9.17% 103.86 141.25 136.18 172.78 32.27 33.94 9.47 10.84 42.57 42.13 156.00

30 Makers Laboratories Ltd. Drug formulations 42.23 46.16 19.47 24.25 52.53% 3.08 6.19 3.92 4.32 5.43 11.76% 47.23 43.46 39.66 39.57 32.83 39.57 6.23 5.52 56.80 54.15 158.50

31 Bliss G V S Pharma Ltd. Drugs, medicines & allied products 132.76 166.3 75.25 71.71 43.12% 24.37 20.19 3.55 46.29 51.19 30.78% 125.18 125.60 93.61 35.34 134.62 173.11 2.30 2.29 15.14 12.86 158.60

32 Lincoln Pharmaceuticals Ltd. Drug formulations 112.98 123.59 37.80 62.00 50.17% 16.88 21.69 2.86 8.99 10.57 8.55% 64.39 79.80 47.55 62.07 43.86 31.48 14.95 8.39 45.88 61.70 158.80

33 Mangalam Drugs & Organics Ltd. Drugs, medicines & allied products 98.45 109.94 85.70 102.99 93.68% 43.55 45.98 2.24 9.46 11.13 10.12% 81.50 75.72 53.34 47.84 30.80 24.26 13.68 15.93 48.84 57.39 162.60

34 Everest Organics Ltd. Drug formulations 25.70 40.96 21.14 36.30 88.62% 12.83 12.99 2.79 3.00 3.94 9.62% 73.82 78.76 134.32 167.74 34.27 31.57 9.35 6.92 16.96 16.76 167.00

35 Vasudha Pharma Chem Ltd. Drugs, medicines & allied products 216.88 242.79 181.54 199.38 82.12% 66.93 63.93 3.12 27.06 32.56 13.41% 92.79 98.01 69.12 91.57 26.36 37.06 15.56 18.24 17.13 20.09 168.40

36 Zydus Animal Health Ltd. Antibiotics 106.02 116.37 38.69 48.03 41.27% 9.53 1.90 25.28 27.24 33.45 28.74% 44.73 46.29 59.30 77.13 65.87 60.21 4.08 5.35 41.50 37.19 168.60

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small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 86: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com84 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

37 Unibios Laboratories Ltd. Drug formulations 56.74 73.46 52.73 71.93 97.92% 6.20 6.93 10.38 3.41 3.93 5.35% 87.13 95.09 28.56 52.57 36.96 29.32 37.86 39.05 41.02 41.21 171.50

38 R P G Life Sciences Ltd. Drug formulations 139.87 159.59 70.26 79.75 49.97% 114.45 108.20 0.74 26.34 31.88 19.98% 69.73 67.50 138.44 114.44 37.96 27.75 13.40 13.81 44.45 43.35 171.60

39 Advik Laboratories Ltd. Drug formulations 11.82 18.75 11.32 17.88 95.36% 5.24 6.92 2.58 0.48 0.86 4.59% 186.91 119.66 167.33 51.32 27.78 30.91 20.78 12.69 117.18 71.92 175.80

40 Sri Krishna Pharmaceuticals Ltd. Drug formulations 139.21 204.14 109.28 156.25 76.54% 23.66 47.05 3.32 18.27 31.13 15.25% 86.51 77.52 96.97 113.13 61.88 50.87 7.81 6.78 27.07 23.73 177.60

41 Group Pharmaceuticals Ltd. Drug formulations 46.46 46.66 30.85 29.05 62.26% 8.94 8.89 3.27 4.09 4.26 9.13% 48.89 47.32 53.32 54.24 50.63 63.90 7.71 3.29 25.71 22.13 178.80

42 Anu'S Laboratories Ltd. Drugs, medicines & allied products 155.14 197.58 128.58 156.29 79.10% 26.60 43.43 3.60 36.32 36.68 18.56% 87.40 107.72 51.81 50.27 26.17 21.19 118.15 107.72 174.77 154.49 179.90

43 Casil Industries Ltd. Drug formulations 20.40 20.4 17.80 17.80 87.25% 21.07 21.07 0.84 2.85 2.85 13.97% 83.48 83.48 150.76 150.76 27.43 27.43 21.39 21.39 21.48 21.48 180.60

44 Ahlcon Parenterals (India) Ltd. IV fluids 37.74 50.33 26.56 31.66 62.90% 35.34 34.57 0.92 7.45 14.54 28.89% 65.78 63.92 37.98 60.67 85.11 60.80 10.35 8.13 40.85 23.51 182.70

45 N G L Fine-Chem Ltd. Pharmaceutical products, nec 24.75 27.97 19.21 20.68 73.94% 6.46 6.22 3.32 4.07 5.01 17.91% 65.71 87.39 53.35 64.98 27.91 40.39 33.58 30.66 45.46 46.93 184.60

46 Alta Laboratories Ltd. Salicylic acids & their esters 39.29 43.02 34.14 38.42 89.31% 6.60 11.99 3.20 2.63 3.66 8.51% 50.34 58.35 64.29 73.56 26.82 28.90 25.34 22.16 52.33 45.97 188.40

47 Ssl-Ttk Ltd. Other pharmaceutical products, nec 111.37 111.03 93.37 87.22 78.56% 22.95 21.01 4.15 4.41 8.63 7.77% 70.28 54.91 46.44 53.43 78.99 81.51 2.67 4.95 7.38 13.27 189.80

48 Sunil Healthcare Ltd. Empty capsules 30.65 34.68 20.64 22.77 65.66% 28.02 26.48 0.86 6.34 6.45 18.60% 97.21 103.01 89.91 95.97 56.29 47.40 23.43 15.49 39.79 41.77 190.50

49 Zyden Gentec Ltd. Drugs, medicines & allied products 24.48 17.29 22.90 15.06 87.10% 3.69 3.70 4.07 0.44 0.78 4.51% 31.09 74.60 9.36 62.01 17.93 28.09 30.60 39.20 39.23 51.31 190.50

50 Sidmak Laboratories (India) Pvt. Ltd. Drug formulations 45.25 41.78 35.95 36.72 87.89% 46.65 46.22 0.79 6.01 3.10 7.42% 45.80 57.02 53.36 77.08 44.92 48.03 5.94 7.96 7.38 8.06 192.00

51 Alpa Laboratories Ltd. Drugs, medicines & allied products 121.32 94.08 109.03 87.76 93.28% 9.84 11.63 7.55 4.13 3.63 3.86% 117.56 166.84 150.05 137.88 57.86 72.06 8.99 4.91 23.31 15.53 192.40

52 Lyka Labs Ltd. Drug formulations 151.87 118.54 102.05 67.01 56.53% 67.08 115.54 0.58 13.18 15.60 13.16% 102.30 141.97 133.10 191.61 36.45 55.36 5.48 11.46 9.39 16.98 193.30

53 Vita Biopharma Pvt. Ltd. Antibiotics 9.10 16.77 7.74 14.07 83.90% 2.47 3.23 4.36 1.12 2.28 13.60% 60.19 56.67 120.10 127.29 85.69 72.25 1.08 1.60 19.86 12.81 193.80

54 Amol Pharmaceuticals Pvt. Ltd. Pharmaceutical products, nec 60.36 55.47 17.32 18.89 34.05% 17.51 19.13 0.99 7.46 3.62 6.53% 137.30 133.05 129.54 104.67 98.57 82.63 6.46 8.06 4.54 6.61 194.10

55 Shilpa Medicare Ltd. Drugs, medicines & allied products 136.58 235.2 88.93 162.14 68.94% 123.86 127.92 1.27 27.20 82.15 34.93% 42.20 38.35 63.87 78.95 39.18 31.31 50.30 49.49 48.36 50.55 203.00

56 Surya Herbal Ltd. Ayurvedic & unani medicaments 11.07 11.93 9.27 9.96 83.49% 1.61 1.95 5.11 0.44 0.49 4.11% 32.15 31.51 107.01 69.94 73.60 55.42 18.74 10.97 29.33 15.55 205.10

57 Shree Krishna Keshav Laboratories Ltd. IV fluids 16.48 23.29 15.18 19.05 81.79% 23.80 21.29 0.89 -1.62 2.97 12.75% 35.63 25.77 253.80 171.90 30.29 25.51 16.24 21.04 40.07 34.82 205.30

58 Standard Pharmaceuticals Ltd. Drugs, medicines & allied products 14.14 13.67 9.68 11.14 81.49% 29.02 29.58 0.38 1.62 2.03 14.85% 98.58 131.59 119.95 68.83 43.29 45.98 27.35 17.16 55.63 63.96 206.70

59 Dinesh Remedies Ltd. Empty capsules 6.51 10.27 6.10 8.57 83.45% 18.68 18.54 0.46 -0.60 0.36 3.51% 73.40 68.79 54.75 76.22 48.23 39.76 31.30 15.11 51.05 27.73 207.20

60 Kopran Ltd. Drugs, medicines & allied products 118.75 164.24 101.00 128.88 78.47% 126.82 118.12 1.09 5.73 27.42 16.70% 69.08 60.29 134.30 113.88 39.81 43.51 25.60 19.45 31.31 24.13 209.30

61 East India Pharmaceutical Works Ltd. Drug formulations 97.79 107.45 71.43 77.05 71.71% 14.20 14.01 5.50 9.63 9.79 9.11% 69.95 70.44 74.35 82.78 54.70 60.63 2.54 3.13 86.76 85.63 211.80

62 Syncom Healthcare Ltd. Drugs, medicines & allied products 60.55 66.84 17.65 22.21 33.23% 14.62 13.52 1.64 9.93 9.41 14.08% 159.66 208.16 32.96 92.48 107.93 77.71 31.84 31.06 39.62 40.17 213.70

63 Sequent Scientific Ltd. Drugs, medicines & allied products 105.91 245.92 85.43 172.83 70.28% 45.18 117.96 1.47 13.00 60.50 24.60% 67.33 47.07 56.61 99.47 53.30 40.94 25.63 24.15 46.05 45.33 214.00

64 Caplin Point Laboratories Ltd. Drug formulations 60.83 60.36 22.50 24.70 40.92% 18.89 20.63 1.20 6.17 6.57 10.88% 62.06 54.00 164.54 127.93 102.34 74.90 8.83 8.54 11.67 11.41 214.50

65 Concept Pharmaceuticals Ltd. Drug formulations 102.19 102.19 40.91 40.91 40.03% 12.74 12.74 3.21 7.41 7.41 7.25% 141.91 141.91 60.34 60.34 65.51 65.51 25.78 25.78 69.30 69.30 215.30

66 Resonance Specialties Ltd. Drug formulations 26.79 32.79 22.16 20.86 63.62% 17.95 15.49 1.35 3.86 4.58 13.97% 49.74 74.24 92.73 102.87 38.20 29.44 52.66 60.18 68.60 62.85 215.40

67 Flamingo Pharmaceuticals Ltd. Drug formulations 183.72 216 133.47 150.79 69.81% 51.69 87.79 1.72 22.36 24.32 11.26% 70.68 65.90 90.02 74.03 84.01 65.75 16.66 12.89 34.49 31.17 215.70

68 Uni-Sankyo Ltd. Drug formulations 49.10 63.13 26.95 34.30 54.33% 36.61 36.48 0.94 4.61 16.68 26.42% 79.48 49.35 90.91 79.60 54.33 46.28 21.38 25.21 70.57 57.90 215.80

69 Morepen Laboratories Ltd. Drugs, medicines & allied products 163.87 195.27 108.79 129.85 66.50% 499.30 458.37 0.28 10.96 47.46 24.30% 32.89 36.48 179.39 162.59 42.32 46.85 9.45 13.72 21.30 24.96 216.20

70 Nagarjuna Herbal Concentrates Ltd. Ayurvedic & unani medicaments 26.24 28.24 17.73 20.85 73.83% 3.91 3.81 5.47 0.50 1.76 6.23% 75.74 67.19 76.44 72.37 37.97 35.71 25.55 22.22 107.27 102.60 216.80

71 Auro Laboratories Ltd. Drugs, medicines & allied products 10.03 11.6 8.92 10.12 87.24% 3.49 5.25 1.93 0.62 0.75 6.47% 84.64 87.52 88.31 73.71 15.57 13.82 151.05 192.79 182.37 193.77 217.20

72 Lekar Pharma Ltd. Drug formulations 26.52 24.65 17.72 20.63 83.69% 0.65 0.21 98.24 -11.07 2.67 10.83% 3.92 11.01 61.17 56.96 54.81 56.69 7.00 7.10 47.32 62.72 217.40

73 Sai Advantium Pharma Ltd. Drugs, medicines & allied products 107.17 145.86 81.04 108.85 74.63% 69.94 124.63 0.87 -10.68 24.32 16.67% 86.52 69.80 97.40 80.61 54.40 58.01 17.31 19.54 33.55 31.33 218.90

74 Fermenta Biotech Ltd. Drugs, medicines & allied products 35.28 47.87 20.00 26.35 55.04% 19.25 20.89 1.26 5.06 8.34 17.42% 131.60 95.39 62.05 50.20 117.20 97.16 21.29 17.56 59.77 39.13 220.80

75 Cosme Farma Laboratories Ltd. Drug formulations 109.42 110.02 39.07 40.13 36.48% 9.16 12.29 3.27 7.01 7.91 7.19% 22.93 20.13 46.18 48.29 55.89 86.80 1.67 2.41 71.53 60.33 220.90

76 Anglo-French Drugs & Inds. Ltd. Drug formulations 74.22 79.42 47.09 47.86 60.26% 18.18 16.53 2.90 4.58 7.04 8.86% 58.47 60.67 116.21 90.64 58.49 65.02 8.21 7.88 53.27 52.60 221.70

77 Smruthi Organics Ltd. Drugs, medicines & allied products 71.85 123.46 58.96 107.98 87.46% 26.98 28.01 3.86 9.01 15.36 12.44% 62.55 41.68 113.61 97.08 45.77 20.63 138.44 76.09 154.29 93.06 222.90

78 Sven Genetech Ltd. Amino acid liquids 34.35 48.25 14.07 18.44 38.22% 59.67 86.89 0.21 14.47 23.95 49.64% 96.82 98.61 21.77 60.81 69.71 63.29 33.63 32.25 75.74 72.89 223.50

79 Jenburkt Pharmaceuticals Ltd. Drug formulations 41.84 51.7 13.32 15.01 29.03% 6.44 7.37 2.04 4.25 7.05 13.64% 36.45 26.29 62.89 65.36 92.12 114.95 0.28 0.82 82.71 57.72 227.80

80 Biddle Sawyer Ltd. Drug formulations 36.60 36.6 10.83 10.83 29.59% 0.02 0.02 541.50 20.68 20.69 56.53% 17.66 15.62 68.96 69.00 90.98 81.15 13.74 16.94 76.87 74.78 228.20

81 Vivimed Labs Ltd. Drugs, medicines & allied products 151.35 210.46 116.92 158.95 75.53% 126.36 139.08 1.14 31.93 42.50 20.19% 127.88 112.54 51.09 46.62 88.66 82.56 31.84 25.81 75.87 60.13 229.30

82 Neon Laboratories Ltd. Drug formulations 131.75 143.51 73.31 77.09 53.72% 18.95 46.31 1.66 36.21 46.59 32.46% 57.26 53.42 97.24 112.80 51.66 54.11 27.54 27.64 51.72 53.49 230.10

83 Medley Pharmaceuticals Ltd. Drug formulations 186.26 210.44 70.56 84.49 40.15% 70.50 62.71 1.35 28.83 39.63 18.83% 58.67 57.26 74.54 79.60 101.58 88.99 4.04 4.97 85.53 62.92 233.00

84 Neuland Laboratories Ltd. Drugs, medicines & allied products 309.68 281.71 251.85 215.33 76.44% 146.53 162.74 1.32 36.28 29.28 10.39% 73.60 95.52 97.69 120.55 41.55 52.47 10.54 11.95 58.38 76.75 233.30

85 Marksans Pharma Ltd. Drugs, medicines & allied products 199.76 197.75 51.19 68.85 34.82% 278.96 294.14 0.23 27.80 25.53 12.91% 95.40 107.93 71.19 72.27 205.59 53.22 64.89 25.47 217.84 179.70 233.70

86 Wyeth Ltd. Drug formulations 379.93 284.9 112.41 93.04 32.66% 38.20 30.69 3.03 149.60 88.90 31.20% 23.23 29.86 74.88 85.55 73.47 85.27 3.16 4.01 81.75 123.45 234.10

87 Themis Medicare Ltd. Drug formulations 200.48 212.91 172.08 155.91 73.23% 101.31 93.66 1.66 6.85 33.06 15.53% 112.29 93.80 116.00 107.63 50.55 51.86 46.78 46.67 53.46 59.22 235.80

88 Hester Biosciences Ltd. Drugs, medicines & allied products 29.12 37.48 14.73 20.39 54.40% 40.53 39.84 0.51 14.64 15.65 41.76% 138.69 113.50 92.14 53.68 29.47 53.19 151.08 154.41 252.41 254.90 237.00

89 Gujarat Themis Biosyn Ltd. Rifampicin 12.67 15.57 12.27 13.82 88.76% 9.20 8.32 1.66 -0.75 1.52 9.76% 163.92 133.39 202.78 264.26 153.98 133.37 6.23 7.10 6.54 7.49 238.20

90 Sandu Pharmaceuticals Ltd. Ayurvedic & unani medicaments 14.21 15.54 4.82 5.49 35.33% 5.61 6.51 0.84 1.60 1.60 10.30% 205.02 194.10 27.03 21.38 80.24 71.88 41.37 58.94 128.77 131.14 241.00

91 Bal Pharma Ltd. Drug formulations 103.41 105.63 64.58 83.57 79.12% 54.50 49.39 1.69 10.49 8.13 7.70% 90.11 103.28 111.10 89.89 83.09 56.49 31.32 20.45 75.64 76.17 241.70

92 Gujarat Terce Laboratories Ltd. Drug formulations 15.89 18.11 2.71 5.34 29.49% 1.53 1.60 3.34 0.58 0.95 5.25% 91.03 99.48 72.29 88.17 5553.21 225.27 0.65 1.44 103.00 75.35 242.10

93 Shree Dhootapapeshwar Ltd. Ayurvedic & unani medicaments 20.62 25.77 10.40 11.72 45.48% 3.56 5.98 1.96 1.75 2.82 10.94% 36.68 36.85 109.56 89.52 34.20 35.25 95.84 91.54 106.72 97.11 243.10

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 85www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

37 Unibios Laboratories Ltd. Drug formulations 56.74 73.46 52.73 71.93 97.92% 6.20 6.93 10.38 3.41 3.93 5.35% 87.13 95.09 28.56 52.57 36.96 29.32 37.86 39.05 41.02 41.21 171.50

38 R P G Life Sciences Ltd. Drug formulations 139.87 159.59 70.26 79.75 49.97% 114.45 108.20 0.74 26.34 31.88 19.98% 69.73 67.50 138.44 114.44 37.96 27.75 13.40 13.81 44.45 43.35 171.60

39 Advik Laboratories Ltd. Drug formulations 11.82 18.75 11.32 17.88 95.36% 5.24 6.92 2.58 0.48 0.86 4.59% 186.91 119.66 167.33 51.32 27.78 30.91 20.78 12.69 117.18 71.92 175.80

40 Sri Krishna Pharmaceuticals Ltd. Drug formulations 139.21 204.14 109.28 156.25 76.54% 23.66 47.05 3.32 18.27 31.13 15.25% 86.51 77.52 96.97 113.13 61.88 50.87 7.81 6.78 27.07 23.73 177.60

41 Group Pharmaceuticals Ltd. Drug formulations 46.46 46.66 30.85 29.05 62.26% 8.94 8.89 3.27 4.09 4.26 9.13% 48.89 47.32 53.32 54.24 50.63 63.90 7.71 3.29 25.71 22.13 178.80

42 Anu'S Laboratories Ltd. Drugs, medicines & allied products 155.14 197.58 128.58 156.29 79.10% 26.60 43.43 3.60 36.32 36.68 18.56% 87.40 107.72 51.81 50.27 26.17 21.19 118.15 107.72 174.77 154.49 179.90

43 Casil Industries Ltd. Drug formulations 20.40 20.4 17.80 17.80 87.25% 21.07 21.07 0.84 2.85 2.85 13.97% 83.48 83.48 150.76 150.76 27.43 27.43 21.39 21.39 21.48 21.48 180.60

44 Ahlcon Parenterals (India) Ltd. IV fluids 37.74 50.33 26.56 31.66 62.90% 35.34 34.57 0.92 7.45 14.54 28.89% 65.78 63.92 37.98 60.67 85.11 60.80 10.35 8.13 40.85 23.51 182.70

45 N G L Fine-Chem Ltd. Pharmaceutical products, nec 24.75 27.97 19.21 20.68 73.94% 6.46 6.22 3.32 4.07 5.01 17.91% 65.71 87.39 53.35 64.98 27.91 40.39 33.58 30.66 45.46 46.93 184.60

46 Alta Laboratories Ltd. Salicylic acids & their esters 39.29 43.02 34.14 38.42 89.31% 6.60 11.99 3.20 2.63 3.66 8.51% 50.34 58.35 64.29 73.56 26.82 28.90 25.34 22.16 52.33 45.97 188.40

47 Ssl-Ttk Ltd. Other pharmaceutical products, nec 111.37 111.03 93.37 87.22 78.56% 22.95 21.01 4.15 4.41 8.63 7.77% 70.28 54.91 46.44 53.43 78.99 81.51 2.67 4.95 7.38 13.27 189.80

48 Sunil Healthcare Ltd. Empty capsules 30.65 34.68 20.64 22.77 65.66% 28.02 26.48 0.86 6.34 6.45 18.60% 97.21 103.01 89.91 95.97 56.29 47.40 23.43 15.49 39.79 41.77 190.50

49 Zyden Gentec Ltd. Drugs, medicines & allied products 24.48 17.29 22.90 15.06 87.10% 3.69 3.70 4.07 0.44 0.78 4.51% 31.09 74.60 9.36 62.01 17.93 28.09 30.60 39.20 39.23 51.31 190.50

50 Sidmak Laboratories (India) Pvt. Ltd. Drug formulations 45.25 41.78 35.95 36.72 87.89% 46.65 46.22 0.79 6.01 3.10 7.42% 45.80 57.02 53.36 77.08 44.92 48.03 5.94 7.96 7.38 8.06 192.00

51 Alpa Laboratories Ltd. Drugs, medicines & allied products 121.32 94.08 109.03 87.76 93.28% 9.84 11.63 7.55 4.13 3.63 3.86% 117.56 166.84 150.05 137.88 57.86 72.06 8.99 4.91 23.31 15.53 192.40

52 Lyka Labs Ltd. Drug formulations 151.87 118.54 102.05 67.01 56.53% 67.08 115.54 0.58 13.18 15.60 13.16% 102.30 141.97 133.10 191.61 36.45 55.36 5.48 11.46 9.39 16.98 193.30

53 Vita Biopharma Pvt. Ltd. Antibiotics 9.10 16.77 7.74 14.07 83.90% 2.47 3.23 4.36 1.12 2.28 13.60% 60.19 56.67 120.10 127.29 85.69 72.25 1.08 1.60 19.86 12.81 193.80

54 Amol Pharmaceuticals Pvt. Ltd. Pharmaceutical products, nec 60.36 55.47 17.32 18.89 34.05% 17.51 19.13 0.99 7.46 3.62 6.53% 137.30 133.05 129.54 104.67 98.57 82.63 6.46 8.06 4.54 6.61 194.10

55 Shilpa Medicare Ltd. Drugs, medicines & allied products 136.58 235.2 88.93 162.14 68.94% 123.86 127.92 1.27 27.20 82.15 34.93% 42.20 38.35 63.87 78.95 39.18 31.31 50.30 49.49 48.36 50.55 203.00

56 Surya Herbal Ltd. Ayurvedic & unani medicaments 11.07 11.93 9.27 9.96 83.49% 1.61 1.95 5.11 0.44 0.49 4.11% 32.15 31.51 107.01 69.94 73.60 55.42 18.74 10.97 29.33 15.55 205.10

57 Shree Krishna Keshav Laboratories Ltd. IV fluids 16.48 23.29 15.18 19.05 81.79% 23.80 21.29 0.89 -1.62 2.97 12.75% 35.63 25.77 253.80 171.90 30.29 25.51 16.24 21.04 40.07 34.82 205.30

58 Standard Pharmaceuticals Ltd. Drugs, medicines & allied products 14.14 13.67 9.68 11.14 81.49% 29.02 29.58 0.38 1.62 2.03 14.85% 98.58 131.59 119.95 68.83 43.29 45.98 27.35 17.16 55.63 63.96 206.70

59 Dinesh Remedies Ltd. Empty capsules 6.51 10.27 6.10 8.57 83.45% 18.68 18.54 0.46 -0.60 0.36 3.51% 73.40 68.79 54.75 76.22 48.23 39.76 31.30 15.11 51.05 27.73 207.20

60 Kopran Ltd. Drugs, medicines & allied products 118.75 164.24 101.00 128.88 78.47% 126.82 118.12 1.09 5.73 27.42 16.70% 69.08 60.29 134.30 113.88 39.81 43.51 25.60 19.45 31.31 24.13 209.30

61 East India Pharmaceutical Works Ltd. Drug formulations 97.79 107.45 71.43 77.05 71.71% 14.20 14.01 5.50 9.63 9.79 9.11% 69.95 70.44 74.35 82.78 54.70 60.63 2.54 3.13 86.76 85.63 211.80

62 Syncom Healthcare Ltd. Drugs, medicines & allied products 60.55 66.84 17.65 22.21 33.23% 14.62 13.52 1.64 9.93 9.41 14.08% 159.66 208.16 32.96 92.48 107.93 77.71 31.84 31.06 39.62 40.17 213.70

63 Sequent Scientific Ltd. Drugs, medicines & allied products 105.91 245.92 85.43 172.83 70.28% 45.18 117.96 1.47 13.00 60.50 24.60% 67.33 47.07 56.61 99.47 53.30 40.94 25.63 24.15 46.05 45.33 214.00

64 Caplin Point Laboratories Ltd. Drug formulations 60.83 60.36 22.50 24.70 40.92% 18.89 20.63 1.20 6.17 6.57 10.88% 62.06 54.00 164.54 127.93 102.34 74.90 8.83 8.54 11.67 11.41 214.50

65 Concept Pharmaceuticals Ltd. Drug formulations 102.19 102.19 40.91 40.91 40.03% 12.74 12.74 3.21 7.41 7.41 7.25% 141.91 141.91 60.34 60.34 65.51 65.51 25.78 25.78 69.30 69.30 215.30

66 Resonance Specialties Ltd. Drug formulations 26.79 32.79 22.16 20.86 63.62% 17.95 15.49 1.35 3.86 4.58 13.97% 49.74 74.24 92.73 102.87 38.20 29.44 52.66 60.18 68.60 62.85 215.40

67 Flamingo Pharmaceuticals Ltd. Drug formulations 183.72 216 133.47 150.79 69.81% 51.69 87.79 1.72 22.36 24.32 11.26% 70.68 65.90 90.02 74.03 84.01 65.75 16.66 12.89 34.49 31.17 215.70

68 Uni-Sankyo Ltd. Drug formulations 49.10 63.13 26.95 34.30 54.33% 36.61 36.48 0.94 4.61 16.68 26.42% 79.48 49.35 90.91 79.60 54.33 46.28 21.38 25.21 70.57 57.90 215.80

69 Morepen Laboratories Ltd. Drugs, medicines & allied products 163.87 195.27 108.79 129.85 66.50% 499.30 458.37 0.28 10.96 47.46 24.30% 32.89 36.48 179.39 162.59 42.32 46.85 9.45 13.72 21.30 24.96 216.20

70 Nagarjuna Herbal Concentrates Ltd. Ayurvedic & unani medicaments 26.24 28.24 17.73 20.85 73.83% 3.91 3.81 5.47 0.50 1.76 6.23% 75.74 67.19 76.44 72.37 37.97 35.71 25.55 22.22 107.27 102.60 216.80

71 Auro Laboratories Ltd. Drugs, medicines & allied products 10.03 11.6 8.92 10.12 87.24% 3.49 5.25 1.93 0.62 0.75 6.47% 84.64 87.52 88.31 73.71 15.57 13.82 151.05 192.79 182.37 193.77 217.20

72 Lekar Pharma Ltd. Drug formulations 26.52 24.65 17.72 20.63 83.69% 0.65 0.21 98.24 -11.07 2.67 10.83% 3.92 11.01 61.17 56.96 54.81 56.69 7.00 7.10 47.32 62.72 217.40

73 Sai Advantium Pharma Ltd. Drugs, medicines & allied products 107.17 145.86 81.04 108.85 74.63% 69.94 124.63 0.87 -10.68 24.32 16.67% 86.52 69.80 97.40 80.61 54.40 58.01 17.31 19.54 33.55 31.33 218.90

74 Fermenta Biotech Ltd. Drugs, medicines & allied products 35.28 47.87 20.00 26.35 55.04% 19.25 20.89 1.26 5.06 8.34 17.42% 131.60 95.39 62.05 50.20 117.20 97.16 21.29 17.56 59.77 39.13 220.80

75 Cosme Farma Laboratories Ltd. Drug formulations 109.42 110.02 39.07 40.13 36.48% 9.16 12.29 3.27 7.01 7.91 7.19% 22.93 20.13 46.18 48.29 55.89 86.80 1.67 2.41 71.53 60.33 220.90

76 Anglo-French Drugs & Inds. Ltd. Drug formulations 74.22 79.42 47.09 47.86 60.26% 18.18 16.53 2.90 4.58 7.04 8.86% 58.47 60.67 116.21 90.64 58.49 65.02 8.21 7.88 53.27 52.60 221.70

77 Smruthi Organics Ltd. Drugs, medicines & allied products 71.85 123.46 58.96 107.98 87.46% 26.98 28.01 3.86 9.01 15.36 12.44% 62.55 41.68 113.61 97.08 45.77 20.63 138.44 76.09 154.29 93.06 222.90

78 Sven Genetech Ltd. Amino acid liquids 34.35 48.25 14.07 18.44 38.22% 59.67 86.89 0.21 14.47 23.95 49.64% 96.82 98.61 21.77 60.81 69.71 63.29 33.63 32.25 75.74 72.89 223.50

79 Jenburkt Pharmaceuticals Ltd. Drug formulations 41.84 51.7 13.32 15.01 29.03% 6.44 7.37 2.04 4.25 7.05 13.64% 36.45 26.29 62.89 65.36 92.12 114.95 0.28 0.82 82.71 57.72 227.80

80 Biddle Sawyer Ltd. Drug formulations 36.60 36.6 10.83 10.83 29.59% 0.02 0.02 541.50 20.68 20.69 56.53% 17.66 15.62 68.96 69.00 90.98 81.15 13.74 16.94 76.87 74.78 228.20

81 Vivimed Labs Ltd. Drugs, medicines & allied products 151.35 210.46 116.92 158.95 75.53% 126.36 139.08 1.14 31.93 42.50 20.19% 127.88 112.54 51.09 46.62 88.66 82.56 31.84 25.81 75.87 60.13 229.30

82 Neon Laboratories Ltd. Drug formulations 131.75 143.51 73.31 77.09 53.72% 18.95 46.31 1.66 36.21 46.59 32.46% 57.26 53.42 97.24 112.80 51.66 54.11 27.54 27.64 51.72 53.49 230.10

83 Medley Pharmaceuticals Ltd. Drug formulations 186.26 210.44 70.56 84.49 40.15% 70.50 62.71 1.35 28.83 39.63 18.83% 58.67 57.26 74.54 79.60 101.58 88.99 4.04 4.97 85.53 62.92 233.00

84 Neuland Laboratories Ltd. Drugs, medicines & allied products 309.68 281.71 251.85 215.33 76.44% 146.53 162.74 1.32 36.28 29.28 10.39% 73.60 95.52 97.69 120.55 41.55 52.47 10.54 11.95 58.38 76.75 233.30

85 Marksans Pharma Ltd. Drugs, medicines & allied products 199.76 197.75 51.19 68.85 34.82% 278.96 294.14 0.23 27.80 25.53 12.91% 95.40 107.93 71.19 72.27 205.59 53.22 64.89 25.47 217.84 179.70 233.70

86 Wyeth Ltd. Drug formulations 379.93 284.9 112.41 93.04 32.66% 38.20 30.69 3.03 149.60 88.90 31.20% 23.23 29.86 74.88 85.55 73.47 85.27 3.16 4.01 81.75 123.45 234.10

87 Themis Medicare Ltd. Drug formulations 200.48 212.91 172.08 155.91 73.23% 101.31 93.66 1.66 6.85 33.06 15.53% 112.29 93.80 116.00 107.63 50.55 51.86 46.78 46.67 53.46 59.22 235.80

88 Hester Biosciences Ltd. Drugs, medicines & allied products 29.12 37.48 14.73 20.39 54.40% 40.53 39.84 0.51 14.64 15.65 41.76% 138.69 113.50 92.14 53.68 29.47 53.19 151.08 154.41 252.41 254.90 237.00

89 Gujarat Themis Biosyn Ltd. Rifampicin 12.67 15.57 12.27 13.82 88.76% 9.20 8.32 1.66 -0.75 1.52 9.76% 163.92 133.39 202.78 264.26 153.98 133.37 6.23 7.10 6.54 7.49 238.20

90 Sandu Pharmaceuticals Ltd. Ayurvedic & unani medicaments 14.21 15.54 4.82 5.49 35.33% 5.61 6.51 0.84 1.60 1.60 10.30% 205.02 194.10 27.03 21.38 80.24 71.88 41.37 58.94 128.77 131.14 241.00

91 Bal Pharma Ltd. Drug formulations 103.41 105.63 64.58 83.57 79.12% 54.50 49.39 1.69 10.49 8.13 7.70% 90.11 103.28 111.10 89.89 83.09 56.49 31.32 20.45 75.64 76.17 241.70

92 Gujarat Terce Laboratories Ltd. Drug formulations 15.89 18.11 2.71 5.34 29.49% 1.53 1.60 3.34 0.58 0.95 5.25% 91.03 99.48 72.29 88.17 5553.21 225.27 0.65 1.44 103.00 75.35 242.10

93 Shree Dhootapapeshwar Ltd. Ayurvedic & unani medicaments 20.62 25.77 10.40 11.72 45.48% 3.56 5.98 1.96 1.75 2.82 10.94% 36.68 36.85 109.56 89.52 34.20 35.25 95.84 91.54 106.72 97.11 243.10

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small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 88: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com86 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

94 Elder Health Care Ltd. Drug formulations 50.60 80.13 22.22 27.06 33.77% 15.00 14.27 1.90 2.90 4.49 5.60% 61.55 48.15 227.18 107.27 83.49 84.55 4.33 4.94 84.52 57.09 243.30

95 T T K Healthcare Ltd. Drug formulations 219.49 252.06 39.42 43.52 17.27% 20.99 24.02 1.81 16.98 19.06 7.56% 33.43 32.05 78.99 81.39 75.79 90.71 9.14 9.64 40.23 42.53 246.50

96 Bharat Serums & Vaccines Ltd. Drug formulations 156.62 206.47 67.70 90.54 43.85% 84.39 90.25 1.00 29.38 35.80 17.34% 62.46 79.02 105.49 97.01 114.80 83.23 39.52 23.51 79.91 48.06 246.50

97 B D H Industries Ltd. Drug formulations 23.07 29.19 20.15 23.69 81.16% 15.41 15.35 1.54 2.54 2.58 8.84% 122.47 113.08 73.03 62.09 97.45 53.07 71.48 62.43 119.45 96.00 246.60

98 Coral Laboratories Ltd. Drug formulations 35.01 34.67 25.09 23.48 67.72% 24.24 24.02 0.98 6.01 7.33 21.14% 29.63 39.56 78.67 90.06 83.35 95.78 7.25 5.79 50.93 46.59 249.40

99 Hiran Orgochem Ltd. Drugs, medicines & allied products 188.39 202.29 112.15 125.36 61.97% 36.51 37.04 3.38 -13.79 21.92 10.84% 42.22 50.44 112.83 139.41 43.52 35.53 137.18 135.71 85.89 92.17 250.40

100 Organon (India) Ltd. Drug formulations 158.73 167.44 57.87 61.64 36.81% 8.21 10.05 6.13 41.37 35.61 21.27% 31.21 32.07 64.58 54.08 99.80 95.74 17.13 15.94 73.91 117.25 251.80

101 Wintac Ltd. Drug formulations 14.88 20.63 12.33 14.04 68.06% 18.74 20.78 0.68 0.69 4.35 21.09% 88.48 85.53 190.40 147.33 131.47 122.46 17.04 11.71 32.77 24.23 252.50

102 Srini Pharmaceuticals Ltd. Drugs, medicines & allied products 77.14 59.7 62.43 49.56 83.02% 35.86 31.65 1.57 12.93 4.75 7.96% 48.79 59.70 56.08 68.54 43.11 62.76 30.83 40.69 32.57 45.86 252.90

103 Albert David Ltd. Drug formulations 183.09 201.66 113.62 118.75 58.89% 71.83 76.23 1.56 25.34 28.59 14.18% 39.43 43.14 77.68 105.03 92.38 87.33 9.27 9.61 64.92 51.45 256.90

104 Gufic Biosciences Ltd. Drug formulations 51.78 62.89 19.90 26.23 41.71% 15.65 14.90 1.76 6.46 5.40 8.59% 79.38 77.33 91.53 113.43 170.59 123.19 26.95 16.42 54.38 38.90 261.40

105 Celestial Biologicals Ltd. Pharmaceutical products, nec 6.53 13.13 5.12 7.53 57.35% 1.90 18.90 0.40 1.09 3.97 30.24% 121.85 153.73 102.41 67.80 74.96 204.59 50.66 44.25 70.09 45.72 261.90

106 Vimta Labs Ltd. Drugs, medicines & allied products 80.84 86.4 37.94 50.73 58.72% 101.19 105.62 0.48 23.90 20.67 23.92% 113.24 92.26 60.35 91.15 210.70 170.10 23.26 29.91 25.70 33.27 267.10

107 Pure Pharma Ltd. Drugs, medicines & allied products 16.88 23.12 11.39 14.42 62.37% 5.14 4.76 3.03 1.97 1.73 7.48% 279.84 200.53 179.21 102.32 135.29 106.31 83.21 44.00 94.51 47.80 267.20

108 Troikaa Pharmaceuticals Ltd. Drug formulations 99.34 128.13 54.63 77.18 60.24% 58.68 57.57 1.34 13.66 16.57 12.93% 40.91 35.89 102.77 97.21 62.62 52.93 36.58 32.43 137.97 141.87 270.00

109 S M S Pharmaceuticals Ltd. Drugs, medicines & allied products 244.38 219.44 206.00 184.85 84.24% 87.25 216.79 0.85 29.08 30.38 13.84% 67.33 74.54 41.99 65.76 43.84 54.55 72.94 90.42 81.67 99.79 271.70

110 Suven Life Sciences Ltd. Drugs, medicines & allied products 139.71 128.87 81.04 72.17 56.00% 112.28 109.57 0.66 15.76 13.05 10.13% 73.78 75.98 65.43 92.52 63.55 79.15 22.14 28.29 58.66 71.53 272.50

111 Novodigm Ltd. [Merged] Pharmaceutical products, nec 69.06 47.25 55.79 40.35 85.40% 35.26 51.70 0.78 16.74 5.76 12.19% 71.82 100.43 65.63 69.05 45.45 80.81 24.82 34.89 50.42 87.52 273.20

112 Malladi Drugs & Pharmaceuticals Ltd. Ephedrines 162.98 187.15 130.66 131.32 70.17% 81.26 79.42 1.65 24.36 29.29 15.65% 105.23 89.31 125.67 135.39 36.68 64.19 62.43 66.11 76.73 86.09 273.80

113 Z C L Chemicals Ltd. Drugs, medicines & allied products 50.39 64.22 45.91 47.68 74.24% 38.63 36.40 1.31 6.47 10.57 16.46% 64.78 92.82 205.71 108.41 65.86 87.36 30.46 38.03 61.74 59.82 275.90

114 Indian Immunologicals Ltd. Vaccines 220.66 269.28 107.57 117.02 43.46% 64.20 74.20 1.58 67.16 64.43 23.93% 121.54 111.69 100.05 103.67 88.75 88.63 60.03 84.70 95.28 108.63 279.70

115 Endo Labs Ltd. Drug formulations 25.69 20.16 14.39 14.31 70.98% 7.05 6.77 2.11 1.99 1.55 7.69% 103.50 110.21 61.43 88.37 94.32 103.10 23.03 54.64 28.59 61.89 283.50

116 Span Diagnostics Ltd. Drugs, medicines & allied products 67.37 79.33 34.94 37.76 47.60% 18.98 19.36 1.95 7.34 12.63 15.92% 85.77 87.27 99.65 111.48 133.01 129.24 22.80 32.44 76.58 66.01 285.30

117 Panchsheel Organics Ltd. Drugs, medicines & allied products 22.14 23.25 11.87 15.13 65.08% 6.78 7.25 2.09 1.95 2.15 9.25% 100.91 100.33 81.63 89.48 133.64 126.92 33.85 41.20 62.22 65.91 287.10

118 Concord Biotech Ltd. Drug formulations 53.39 105.24 27.55 35.79 34.01% 32.99 40.42 0.89 19.45 61.20 58.15% 68.21 60.44 57.73 85.26 96.84 101.35 148.25 82.45 156.22 87.10 288.50

119 Shantha Biotechnics Ltd. Vaccines 208.16 189.24 61.42 100.16 52.93% 156.43 155.92 0.64 75.44 1.21 0.64% 68.04 74.90 97.75 281.54 134.49 136.69 13.30 10.14 93.96 44.50 290.20

120 Schutz Dishman Biotech Pvt. Ltd. Chlorhexidine 18.30 16.26 12.75 12.45 76.57% 10.22 9.68 1.29 3.96 2.88 17.71% 39.28 24.82 129.39 97.47 119.70 129.86 23.64 28.31 31.41 38.40 294.60

121 Emmellen Biotech Pharmaceuticals Ltd. Ephedrines 80.72 76.06 52.25 50.19 65.99% 67.43 68.61 0.73 13.02 17.70 23.27% 53.76 61.23 98.31 98.44 81.53 94.96 56.81 43.99 80.74 75.16 297.60

122 Biological E. Ltd. Drug formulations 141.90 216.5 114.32 121.27 56.01% 236.23 236.03 0.51 43.34 53.69 24.80% 54.58 50.86 255.42 155.77 68.01 74.84 50.66 53.25 75.00 98.72 298.30

123 Tonira Pharma Ltd. Drug formulations 41.16 36.52 25.04 25.45 69.69% 24.10 24.55 1.04 5.99 7.02 19.22% 56.50 68.03 139.57 96.70 107.14 121.56 79.30 56.63 110.88 88.34 309.50

124 Kerala Ayurveda Ltd. Ayurvedic & unani medicaments 17.71 20.17 14.52 12.06 59.79% 16.24 18.85 0.64 -0.40 1.74 8.63% 96.05 88.52 68.10 154.02 70.11 87.51 128.82 60.20 254.04 162.36 320.40

125 Unimed Technologies Ltd. Drug formulations 196.99 103.1 32.18 38.22 37.07% 7.09 8.02 4.77 1.09 1.81 1.76% 20.99 42.44 128.27 220.49 77.88 167.23 11.02 24.27 40.37 126.74 324.60

126 Krebs Biochemicals & Inds. Ltd. Drug formulations 50.02 44.08 49.11 43.95 99.71% 87.03 68.77 0.64 -28.12 1.85 4.20% 186.61 220.66 146.80 140.50 113.47 108.49 202.86 138.30 218.18 150.99 343.00

127 Biocon Biopharmaceuticals Pvt. Ltd. Bio-tech base drugs 11.37 14.97 14.41 14.16 94.59% 79.97 73.87 0.19 7.91 18.01 120.31% 80.08 68.59 386.46 439.28 79.60 178.19 142.00 86.17 156.87 95.14 351.50

E L E C T R I C A L E Q U I P M E N T

1 Tesla Transformers Ltd. Transformers 70.04 110.82 56.21 91.44 82.51% 4.05 4.59 19.92 6.83 12.09 10.91% 59.37 62.37 70.50 50.79 22.44 9.85 7.60 1.20 19.76 10.69 28.70

2 Technical Associates Ltd. Transformers 202.10 182.48 171.26 148.50 81.38% 21.94 50.99 2.91 27.69 35.19 19.28% 37.30 57.06 45.57 86.14 4.97 4.92 8.14 3.49 8.19 3.53 31.90

3 Diamond Power Transformers Ltd. Transformers 92.64 135.82 87.22 120.12 88.44% 3.08 2.88 41.71 6.63 18.30 13.47% 27.48 25.64 9.82 20.88 7.85 2.69 8.35 10.47 8.45 14.64 32.20

4 Amco Batteries Ltd. Storage batteries 193.16 204.29 63.11 61.49 30.10% 6.77 7.75 7.93 13.32 10.66 5.22% 73.29 58.58 61.15 65.52 18.06 18.72 2.56 1.30 33.55 28.01 40.80

5 Star Delta Transformers Ltd. Transformers 75.98 69.64 65.26 61.70 88.60% 2.40 5.51 11.20 8.99 8.28 11.89% 68.31 102.74 26.04 16.69 23.81 14.75 13.99 23.21 18.25 24.91 42.30

6 Spaceage Switchgears Ltd. Switching apparatus 47.21 54.01 40.10 44.02 81.50% 7.87 7.63 5.77 3.74 6.30 11.66% 189.54 155.09 138.95 78.37 52.84 44.57 5.68 5.40 5.93 5.63 44.80

7 Accurate Transformers Ltd. Transformers 184.70 191.24 160.11 166.43 87.03% 6.96 6.76 24.62 21.32 22.56 11.80% 137.26 132.14 99.73 89.18 16.59 20.57 8.77 14.99 20.02 28.29 45.60

8 East India Udyog Ltd. Transformers 102.98 136.2 83.93 92.80 68.14% 5.62 10.42 8.91 13.56 19.21 14.10% 101.95 116.15 51.94 63.33 16.72 23.66 25.66 28.56 34.03 31.35 45.70

9 Panasonic Energy India Co. Ltd. Dry cells 152.24 167.99 120.89 118.13 70.32% 27.26 24.25 4.87 -6.80 9.75 5.80% 19.89 28.12 40.46 40.12 49.15 35.03 2.05 3.32 23.82 23.29 49.50

10 Transpares Ltd. Pressed steel cooling radiators 13.27 15.14 10.30 11.70 77.28% 2.60 4.43 2.64 2.66 2.63 17.37% 133.75 132.92 76.75 89.75 37.49 46.07 6.27 2.76 30.73 20.20 51.20

11 C T R Manufacturing Inds. Ltd. On load tap changing gears 90.90 111.92 64.78 76.70 68.53% 15.62 22.54 3.40 17.70 22.50 20.10% 89.74 101.30 81.91 104.73 38.15 37.62 20.18 18.02 21.63 19.51 52.10

12 Amco Saft India Ltd. Storage batteries 32.02 44.85 25.14 34.76 77.50% 1.27 2.37 14.67 0.89 8.45 18.84% 103.02 119.84 121.21 140.66 39.30 26.23 14.22 15.57 55.19 48.21 54.00

13 Gupta Machine Tools Ltd. Stampings & laminations 145.00 145.44 121.85 119.21 81.97% 42.32 41.26 2.89 19.70 18.75 12.89% 33.97 42.17 19.90 52.02 17.34 24.95 21.40 23.11 25.43 26.54 54.60

14 C G Lucy Switchgear Ltd. Switching apparatus 63.41 86.18 53.99 74.50 86.45% 7.59 7.36 10.12 8.52 11.73 13.61% 94.10 71.24 138.54 69.58 59.53 47.74 7.85 13.42 7.92 13.53 56.80

15 Marathon Electric Motors (India) Ltd. Electric motors, nec 273.15 261.32 222.79 218.51 83.62% 12.10 20.83 10.49 34.64 33.41 12.79% 137.54 148.24 88.66 104.37 26.22 27.76 17.22 21.35 34.45 43.65 57.50

16 Igarashi Motors India Ltd. AC motors, others 261.59 160.98 140.17 118.07 73.34% 84.97 81.88 1.44 -37.15 18.76 11.65% 68.37 62.04 63.19 131.54 56.87 42.05 5.91 4.22 8.47 8.12 57.60

17 Powergear Ltd. Transformers 96.10 87.58 79.97 63.86 72.92% 10.68 11.88 5.38 11.28 10.67 12.18% 77.08 76.27 75.67 72.80 36.18 59.48 13.52 8.57 20.36 25.55 60.90

18 Jyoti Ltd. (Duplicate Name, Gujarat) Motors & generators 252.65 290.38 208.16 234.30 80.69% 29.14 41.68 5.62 22.01 32.65 11.24% 143.86 149.83 161.76 159.07 11.01 15.39 55.64 40.46 62.72 46.03 61.70

19 Prasha Technologies Ltd.Parts principally for rotating electric machines

84.65 84.56 68.43 69.85 82.60% 15.73 26.10 2.68 9.77 9.05 10.70% 43.30 39.55 46.04 44.97 38.00 46.03 17.19 15.96 21.48 16.53 63.60

20 Power Build Ltd. Motors & generators 115.33 84.88 80.60 54.41 64.10% 32.86 28.22 1.93 19.50 19.81 23.34% 113.86 103.34 83.76 95.87 71.21 84.20 13.65 9.75 18.02 18.32 65.70

21 Modison Metals Ltd. Contactors 77.47 96.71 56.62 78.73 81.41% 40.93 43.93 1.79 16.66 22.71 23.48% 48.96 33.31 19.00 33.98 24.07 18.84 75.62 76.66 80.74 81.89 70.70

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 89: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 87www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

94 Elder Health Care Ltd. Drug formulations 50.60 80.13 22.22 27.06 33.77% 15.00 14.27 1.90 2.90 4.49 5.60% 61.55 48.15 227.18 107.27 83.49 84.55 4.33 4.94 84.52 57.09 243.30

95 T T K Healthcare Ltd. Drug formulations 219.49 252.06 39.42 43.52 17.27% 20.99 24.02 1.81 16.98 19.06 7.56% 33.43 32.05 78.99 81.39 75.79 90.71 9.14 9.64 40.23 42.53 246.50

96 Bharat Serums & Vaccines Ltd. Drug formulations 156.62 206.47 67.70 90.54 43.85% 84.39 90.25 1.00 29.38 35.80 17.34% 62.46 79.02 105.49 97.01 114.80 83.23 39.52 23.51 79.91 48.06 246.50

97 B D H Industries Ltd. Drug formulations 23.07 29.19 20.15 23.69 81.16% 15.41 15.35 1.54 2.54 2.58 8.84% 122.47 113.08 73.03 62.09 97.45 53.07 71.48 62.43 119.45 96.00 246.60

98 Coral Laboratories Ltd. Drug formulations 35.01 34.67 25.09 23.48 67.72% 24.24 24.02 0.98 6.01 7.33 21.14% 29.63 39.56 78.67 90.06 83.35 95.78 7.25 5.79 50.93 46.59 249.40

99 Hiran Orgochem Ltd. Drugs, medicines & allied products 188.39 202.29 112.15 125.36 61.97% 36.51 37.04 3.38 -13.79 21.92 10.84% 42.22 50.44 112.83 139.41 43.52 35.53 137.18 135.71 85.89 92.17 250.40

100 Organon (India) Ltd. Drug formulations 158.73 167.44 57.87 61.64 36.81% 8.21 10.05 6.13 41.37 35.61 21.27% 31.21 32.07 64.58 54.08 99.80 95.74 17.13 15.94 73.91 117.25 251.80

101 Wintac Ltd. Drug formulations 14.88 20.63 12.33 14.04 68.06% 18.74 20.78 0.68 0.69 4.35 21.09% 88.48 85.53 190.40 147.33 131.47 122.46 17.04 11.71 32.77 24.23 252.50

102 Srini Pharmaceuticals Ltd. Drugs, medicines & allied products 77.14 59.7 62.43 49.56 83.02% 35.86 31.65 1.57 12.93 4.75 7.96% 48.79 59.70 56.08 68.54 43.11 62.76 30.83 40.69 32.57 45.86 252.90

103 Albert David Ltd. Drug formulations 183.09 201.66 113.62 118.75 58.89% 71.83 76.23 1.56 25.34 28.59 14.18% 39.43 43.14 77.68 105.03 92.38 87.33 9.27 9.61 64.92 51.45 256.90

104 Gufic Biosciences Ltd. Drug formulations 51.78 62.89 19.90 26.23 41.71% 15.65 14.90 1.76 6.46 5.40 8.59% 79.38 77.33 91.53 113.43 170.59 123.19 26.95 16.42 54.38 38.90 261.40

105 Celestial Biologicals Ltd. Pharmaceutical products, nec 6.53 13.13 5.12 7.53 57.35% 1.90 18.90 0.40 1.09 3.97 30.24% 121.85 153.73 102.41 67.80 74.96 204.59 50.66 44.25 70.09 45.72 261.90

106 Vimta Labs Ltd. Drugs, medicines & allied products 80.84 86.4 37.94 50.73 58.72% 101.19 105.62 0.48 23.90 20.67 23.92% 113.24 92.26 60.35 91.15 210.70 170.10 23.26 29.91 25.70 33.27 267.10

107 Pure Pharma Ltd. Drugs, medicines & allied products 16.88 23.12 11.39 14.42 62.37% 5.14 4.76 3.03 1.97 1.73 7.48% 279.84 200.53 179.21 102.32 135.29 106.31 83.21 44.00 94.51 47.80 267.20

108 Troikaa Pharmaceuticals Ltd. Drug formulations 99.34 128.13 54.63 77.18 60.24% 58.68 57.57 1.34 13.66 16.57 12.93% 40.91 35.89 102.77 97.21 62.62 52.93 36.58 32.43 137.97 141.87 270.00

109 S M S Pharmaceuticals Ltd. Drugs, medicines & allied products 244.38 219.44 206.00 184.85 84.24% 87.25 216.79 0.85 29.08 30.38 13.84% 67.33 74.54 41.99 65.76 43.84 54.55 72.94 90.42 81.67 99.79 271.70

110 Suven Life Sciences Ltd. Drugs, medicines & allied products 139.71 128.87 81.04 72.17 56.00% 112.28 109.57 0.66 15.76 13.05 10.13% 73.78 75.98 65.43 92.52 63.55 79.15 22.14 28.29 58.66 71.53 272.50

111 Novodigm Ltd. [Merged] Pharmaceutical products, nec 69.06 47.25 55.79 40.35 85.40% 35.26 51.70 0.78 16.74 5.76 12.19% 71.82 100.43 65.63 69.05 45.45 80.81 24.82 34.89 50.42 87.52 273.20

112 Malladi Drugs & Pharmaceuticals Ltd. Ephedrines 162.98 187.15 130.66 131.32 70.17% 81.26 79.42 1.65 24.36 29.29 15.65% 105.23 89.31 125.67 135.39 36.68 64.19 62.43 66.11 76.73 86.09 273.80

113 Z C L Chemicals Ltd. Drugs, medicines & allied products 50.39 64.22 45.91 47.68 74.24% 38.63 36.40 1.31 6.47 10.57 16.46% 64.78 92.82 205.71 108.41 65.86 87.36 30.46 38.03 61.74 59.82 275.90

114 Indian Immunologicals Ltd. Vaccines 220.66 269.28 107.57 117.02 43.46% 64.20 74.20 1.58 67.16 64.43 23.93% 121.54 111.69 100.05 103.67 88.75 88.63 60.03 84.70 95.28 108.63 279.70

115 Endo Labs Ltd. Drug formulations 25.69 20.16 14.39 14.31 70.98% 7.05 6.77 2.11 1.99 1.55 7.69% 103.50 110.21 61.43 88.37 94.32 103.10 23.03 54.64 28.59 61.89 283.50

116 Span Diagnostics Ltd. Drugs, medicines & allied products 67.37 79.33 34.94 37.76 47.60% 18.98 19.36 1.95 7.34 12.63 15.92% 85.77 87.27 99.65 111.48 133.01 129.24 22.80 32.44 76.58 66.01 285.30

117 Panchsheel Organics Ltd. Drugs, medicines & allied products 22.14 23.25 11.87 15.13 65.08% 6.78 7.25 2.09 1.95 2.15 9.25% 100.91 100.33 81.63 89.48 133.64 126.92 33.85 41.20 62.22 65.91 287.10

118 Concord Biotech Ltd. Drug formulations 53.39 105.24 27.55 35.79 34.01% 32.99 40.42 0.89 19.45 61.20 58.15% 68.21 60.44 57.73 85.26 96.84 101.35 148.25 82.45 156.22 87.10 288.50

119 Shantha Biotechnics Ltd. Vaccines 208.16 189.24 61.42 100.16 52.93% 156.43 155.92 0.64 75.44 1.21 0.64% 68.04 74.90 97.75 281.54 134.49 136.69 13.30 10.14 93.96 44.50 290.20

120 Schutz Dishman Biotech Pvt. Ltd. Chlorhexidine 18.30 16.26 12.75 12.45 76.57% 10.22 9.68 1.29 3.96 2.88 17.71% 39.28 24.82 129.39 97.47 119.70 129.86 23.64 28.31 31.41 38.40 294.60

121 Emmellen Biotech Pharmaceuticals Ltd. Ephedrines 80.72 76.06 52.25 50.19 65.99% 67.43 68.61 0.73 13.02 17.70 23.27% 53.76 61.23 98.31 98.44 81.53 94.96 56.81 43.99 80.74 75.16 297.60

122 Biological E. Ltd. Drug formulations 141.90 216.5 114.32 121.27 56.01% 236.23 236.03 0.51 43.34 53.69 24.80% 54.58 50.86 255.42 155.77 68.01 74.84 50.66 53.25 75.00 98.72 298.30

123 Tonira Pharma Ltd. Drug formulations 41.16 36.52 25.04 25.45 69.69% 24.10 24.55 1.04 5.99 7.02 19.22% 56.50 68.03 139.57 96.70 107.14 121.56 79.30 56.63 110.88 88.34 309.50

124 Kerala Ayurveda Ltd. Ayurvedic & unani medicaments 17.71 20.17 14.52 12.06 59.79% 16.24 18.85 0.64 -0.40 1.74 8.63% 96.05 88.52 68.10 154.02 70.11 87.51 128.82 60.20 254.04 162.36 320.40

125 Unimed Technologies Ltd. Drug formulations 196.99 103.1 32.18 38.22 37.07% 7.09 8.02 4.77 1.09 1.81 1.76% 20.99 42.44 128.27 220.49 77.88 167.23 11.02 24.27 40.37 126.74 324.60

126 Krebs Biochemicals & Inds. Ltd. Drug formulations 50.02 44.08 49.11 43.95 99.71% 87.03 68.77 0.64 -28.12 1.85 4.20% 186.61 220.66 146.80 140.50 113.47 108.49 202.86 138.30 218.18 150.99 343.00

127 Biocon Biopharmaceuticals Pvt. Ltd. Bio-tech base drugs 11.37 14.97 14.41 14.16 94.59% 79.97 73.87 0.19 7.91 18.01 120.31% 80.08 68.59 386.46 439.28 79.60 178.19 142.00 86.17 156.87 95.14 351.50

E L E C T R I C A L E Q U I P M E N T

1 Tesla Transformers Ltd. Transformers 70.04 110.82 56.21 91.44 82.51% 4.05 4.59 19.92 6.83 12.09 10.91% 59.37 62.37 70.50 50.79 22.44 9.85 7.60 1.20 19.76 10.69 28.70

2 Technical Associates Ltd. Transformers 202.10 182.48 171.26 148.50 81.38% 21.94 50.99 2.91 27.69 35.19 19.28% 37.30 57.06 45.57 86.14 4.97 4.92 8.14 3.49 8.19 3.53 31.90

3 Diamond Power Transformers Ltd. Transformers 92.64 135.82 87.22 120.12 88.44% 3.08 2.88 41.71 6.63 18.30 13.47% 27.48 25.64 9.82 20.88 7.85 2.69 8.35 10.47 8.45 14.64 32.20

4 Amco Batteries Ltd. Storage batteries 193.16 204.29 63.11 61.49 30.10% 6.77 7.75 7.93 13.32 10.66 5.22% 73.29 58.58 61.15 65.52 18.06 18.72 2.56 1.30 33.55 28.01 40.80

5 Star Delta Transformers Ltd. Transformers 75.98 69.64 65.26 61.70 88.60% 2.40 5.51 11.20 8.99 8.28 11.89% 68.31 102.74 26.04 16.69 23.81 14.75 13.99 23.21 18.25 24.91 42.30

6 Spaceage Switchgears Ltd. Switching apparatus 47.21 54.01 40.10 44.02 81.50% 7.87 7.63 5.77 3.74 6.30 11.66% 189.54 155.09 138.95 78.37 52.84 44.57 5.68 5.40 5.93 5.63 44.80

7 Accurate Transformers Ltd. Transformers 184.70 191.24 160.11 166.43 87.03% 6.96 6.76 24.62 21.32 22.56 11.80% 137.26 132.14 99.73 89.18 16.59 20.57 8.77 14.99 20.02 28.29 45.60

8 East India Udyog Ltd. Transformers 102.98 136.2 83.93 92.80 68.14% 5.62 10.42 8.91 13.56 19.21 14.10% 101.95 116.15 51.94 63.33 16.72 23.66 25.66 28.56 34.03 31.35 45.70

9 Panasonic Energy India Co. Ltd. Dry cells 152.24 167.99 120.89 118.13 70.32% 27.26 24.25 4.87 -6.80 9.75 5.80% 19.89 28.12 40.46 40.12 49.15 35.03 2.05 3.32 23.82 23.29 49.50

10 Transpares Ltd. Pressed steel cooling radiators 13.27 15.14 10.30 11.70 77.28% 2.60 4.43 2.64 2.66 2.63 17.37% 133.75 132.92 76.75 89.75 37.49 46.07 6.27 2.76 30.73 20.20 51.20

11 C T R Manufacturing Inds. Ltd. On load tap changing gears 90.90 111.92 64.78 76.70 68.53% 15.62 22.54 3.40 17.70 22.50 20.10% 89.74 101.30 81.91 104.73 38.15 37.62 20.18 18.02 21.63 19.51 52.10

12 Amco Saft India Ltd. Storage batteries 32.02 44.85 25.14 34.76 77.50% 1.27 2.37 14.67 0.89 8.45 18.84% 103.02 119.84 121.21 140.66 39.30 26.23 14.22 15.57 55.19 48.21 54.00

13 Gupta Machine Tools Ltd. Stampings & laminations 145.00 145.44 121.85 119.21 81.97% 42.32 41.26 2.89 19.70 18.75 12.89% 33.97 42.17 19.90 52.02 17.34 24.95 21.40 23.11 25.43 26.54 54.60

14 C G Lucy Switchgear Ltd. Switching apparatus 63.41 86.18 53.99 74.50 86.45% 7.59 7.36 10.12 8.52 11.73 13.61% 94.10 71.24 138.54 69.58 59.53 47.74 7.85 13.42 7.92 13.53 56.80

15 Marathon Electric Motors (India) Ltd. Electric motors, nec 273.15 261.32 222.79 218.51 83.62% 12.10 20.83 10.49 34.64 33.41 12.79% 137.54 148.24 88.66 104.37 26.22 27.76 17.22 21.35 34.45 43.65 57.50

16 Igarashi Motors India Ltd. AC motors, others 261.59 160.98 140.17 118.07 73.34% 84.97 81.88 1.44 -37.15 18.76 11.65% 68.37 62.04 63.19 131.54 56.87 42.05 5.91 4.22 8.47 8.12 57.60

17 Powergear Ltd. Transformers 96.10 87.58 79.97 63.86 72.92% 10.68 11.88 5.38 11.28 10.67 12.18% 77.08 76.27 75.67 72.80 36.18 59.48 13.52 8.57 20.36 25.55 60.90

18 Jyoti Ltd. (Duplicate Name, Gujarat) Motors & generators 252.65 290.38 208.16 234.30 80.69% 29.14 41.68 5.62 22.01 32.65 11.24% 143.86 149.83 161.76 159.07 11.01 15.39 55.64 40.46 62.72 46.03 61.70

19 Prasha Technologies Ltd.Parts principally for rotating electric machines

84.65 84.56 68.43 69.85 82.60% 15.73 26.10 2.68 9.77 9.05 10.70% 43.30 39.55 46.04 44.97 38.00 46.03 17.19 15.96 21.48 16.53 63.60

20 Power Build Ltd. Motors & generators 115.33 84.88 80.60 54.41 64.10% 32.86 28.22 1.93 19.50 19.81 23.34% 113.86 103.34 83.76 95.87 71.21 84.20 13.65 9.75 18.02 18.32 65.70

21 Modison Metals Ltd. Contactors 77.47 96.71 56.62 78.73 81.41% 40.93 43.93 1.79 16.66 22.71 23.48% 48.96 33.31 19.00 33.98 24.07 18.84 75.62 76.66 80.74 81.89 70.70

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small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 90: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com88 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

22 Ador Powertron Ltd. Rectifiers 81.13 68.93 57.36 50.32 73.00% 13.54 12.55 4.01 8.76 4.78 6.93% 63.62 63.40 53.95 67.27 33.72 30.75 39.94 35.17 71.58 69.60 72.50

23 Eon Electric Ltd. Miniature circuit breakers 259.92 229.41 172.34 169.57 73.92% 64.49 61.48 2.76 28.50 27.47 11.97% 158.97 190.68 94.24 95.77 32.05 35.47 64.86 65.54 102.72 106.69 74.10

24 Integra India Group Co. Ltd. Switching apparatus 15.91 20.11 11.59 16.34 81.25% 0.86 1.05 15.56 2.42 2.19 10.89% 106.83 132.11 91.31 147.68 98.08 67.71 26.29 23.71 24.52 24.25 74.80

25 Shilchar Technologies Ltd. Transformers 47.18 71.05 41.82 63.85 89.87% 15.72 14.88 4.29 2.50 5.19 7.30% 171.35 131.60 140.63 142.65 62.83 45.33 27.60 18.97 41.01 32.33 74.90

26 R T S Power Corpn. Ltd. Transformers 115.58 101.94 102.95 88.66 86.97% 13.30 16.55 5.36 8.89 8.21 8.05% 138.63 185.29 80.33 132.01 20.84 27.31 43.94 56.37 66.27 75.97 75.30

27 Sudhir Intra Vidyut Ltd. Transformers 48.07 51.22 43.58 45.02 87.90% 6.41 6.54 6.88 6.14 4.20 8.20% 80.15 75.73 81.27 79.60 39.12 43.36 22.08 29.04 22.79 39.47 76.50

28 Marsons Ltd. Transformers 39.35 72.42 34.40 56.26 77.69% 27.64 30.57 1.84 1.98 6.47 8.93% 180.88 113.93 136.20 127.23 74.78 55.09 31.32 26.09 33.27 26.25 77.30

29 I M P Powers Ltd. Distribution transformers 190.66 192.7 146.83 165.98 86.13% 66.75 73.44 2.26 31.75 19.96 10.36% 105.79 123.66 91.20 78.83 38.51 38.57 30.01 33.81 77.66 79.71 78.40

30 Transformers & Electricals, Kerala Ltd. Transformers 217.96 206.01 162.26 144.84 70.31% 3.81 5.07 28.57 44.44 46.56 22.60% 100.96 100.72 100.65 69.92 46.57 70.66 22.46 31.00 48.67 60.70 78.50

31 Electro Teknica Switchgears Pvt. Ltd. Switchgears, nec 24.99 20.41 21.87 18.32 89.76% 0.70 0.62 29.55 0.89 0.77 3.77% 81.45 114.72 104.53 142.84 45.42 61.47 15.62 26.74 15.78 27.73 83.40

32 High Energy Batteries (India) Ltd. Storage batteries 24.13 27.34 14.51 21.37 78.16% 5.88 23.84 0.90 3.68 1.69 6.18% 122.10 112.56 163.64 118.18 513.67 380.04 25.63 15.47 30.49 17.90 84.60

33 Tarapur Transformers Ltd. Transformers 23.82 30.27 18.01 25.29 83.55% 11.38 13.87 1.82 3.99 3.60 11.89% 132.78 128.18 60.21 122.30 48.21 48.43 63.06 37.59 71.79 40.87 84.90

34 Tudor India Ltd. Storage batteries 140.85 63.87 94.39 42.59 66.68% 15.00 15.09 2.82 7.44 3.66 5.73% 99.80 190.73 52.56 97.73 24.86 60.08 17.50 48.40 76.83 169.23 87.70

35 C I I Guardian Intl. Ltd. Relays 36.81 32.55 30.99 29.15 89.55% 2.79 2.82 10.34 3.20 3.84 11.80% 4.31 3.52 51.31 14.32 90.86 86.86 28.53 31.78 29.76 33.06 89.90

36 Agile Electric Technologies Pvt. Ltd. Hollow shaft motors 15.40 15.39 10.72 10.86 70.57% 22.31 20.75 0.52 2.71 3.41 22.16% 34.78 87.05 122.08 229.87 49.48 69.79 39.06 30.47 44.06 34.40 89.90

37 E C E Industries Ltd. Transformers 210.33 148.71 186.35 135.66 91.22% 12.40 12.58 10.78 15.79 12.41 8.35% 122.75 164.27 61.11 74.95 49.67 81.28 40.26 76.02 53.48 89.24 96.20

38 Elgi Electric & Inds. Ltd. Motors & generators 39.69 39.69 27.57 27.57 69.46% 14.91 14.91 1.85 1.45 1.45 3.65% 68.59 68.59 197.76 197.76 102.21 102.21 19.13 19.13 39.22 39.22 97.60

39 Alfa Transformers Ltd. Transformers 31.79 19.76 21.57 15.63 79.10% 17.20 17.91 0.87 7.50 3.49 17.66% 77.31 158.97 32.02 110.46 132.41 232.78 25.52 56.35 49.78 81.80 99.30

40 Star Battery Ltd. Storage batteries 58.70 47.36 46.17 39.73 83.89% 29.68 29.27 1.36 7.46 1.50 3.17% 98.02 134.53 123.42 161.03 55.32 64.04 45.25 54.81 45.78 55.33 100.70

41 Pitti Laminations Ltd. Stampings & laminations 258.03 148.98 216.90 123.08 82.62% 77.98 71.93 1.71 27.21 17.91 12.02% 54.01 103.16 84.49 160.48 50.74 98.54 28.10 68.63 42.58 105.80 111.30

E L E C T R I C A L M A C H I N E R Y & T O O L S

1 Panasonic Carbon India Co. Ltd. Welding machinery 30.34 28.98 21.95 18.80 64.87% 5.31 4.43 4.24 9.86 10.82 37.34% 32.49 25.25 39.16 48.42 42.58 40.99 7.22 7.23 14.02 13.57 30.10

2 Vulcan Engineers Ltd. Furnaces or ovens, nec 9.11 19.98 7.88 15.75 78.83% 0.41 0.56 28.13 -0.03 3.15 15.77% 130.98 116.34 188.86 173.28 6.04 0.33 28.23 15.47 44.11 16.39 31.40

3 J S L Industries Ltd. Electrical machinery other than electronics 30.53 35.35 25.37 30.45 86.14% 7.86 8.57 3.55 2.12 2.68 7.58% 99.82 83.67 117.61 101.23 27.50 17.99 15.01 8.70 35.56 24.70 36.60

4 Weld Excel India Ltd. Welding electrodes / sticks / wires / fluxes 24.06 33.4 16.45 21.96 65.75% 4.27 4.20 5.23 3.10 4.63 13.86% 45.54 47.78 45.92 97.27 22.08 18.88 8.09 5.85 40.81 33.47 36.70

5 G E E Ltd. Welding machinery 121.70 128.25 104.88 102.10 79.61% 17.44 34.46 2.96 9.14 16.58 12.93% 27.73 40.40 15.21 22.60 24.69 41.13 2.56 3.15 13.10 16.02 38.00

6 I T L Industries Ltd. Sawing or cutting off machines 31.47 62.62 25.85 45.80 73.14% 7.92 8.49 5.39 3.31 9.52 15.20% 106.31 72.73 152.37 84.08 90.31 46.70 15.19 8.92 16.92 9.27 38.50

7 Ador Fontech Ltd. Welding machinery 106.41 117.57 38.96 43.00 36.57% 7.95 8.05 5.34 16.27 20.84 17.73% 41.28 34.80 27.47 44.72 34.88 48.31 0.60 0.50 32.62 34.15 40.00

8 D & H Welding Electrodes (India) Ltd. Welding electrodes / sticks / wires / fluxes 46.70 50.48 39.03 41.98 83.16% 6.80 8.45 4.97 4.40 2.97 5.88% 54.31 64.43 48.56 67.88 33.13 34.60 8.13 7.28 39.02 31.51 41.80

9 United Drilling Tools Ltd. Machine tools for drilling, boring, milling, etc. 19.92 26.22 17.68 24.86 94.81% 4.50 1.52 16.36 0.70 1.43 5.45% 98.21 47.82 91.82 51.71 9.03 26.49 15.78 21.01 17.36 22.12 42.20

10 Ador Welding Ltd. Welding electrodes / sticks / wires / fluxes 227.14 267 165.04 183.78 68.83% 82.37 81.84 2.25 36.20 49.21 18.43% 26.46 24.95 44.94 35.68 37.88 41.45 16.01 14.90 45.69 37.59 49.00

11 Diffusion Engineers Ltd. Welding electrodes / sticks / wires / fluxes 61.46 60.56 34.85 34.37 56.75% 14.49 14.13 2.43 13.33 14.52 23.98% 57.08 79.07 36.49 49.54 52.74 57.76 10.73 13.79 46.06 51.67 51.90

12 Goldstone Infratech Ltd. Electrical insulators, nec 45.52 65.5 32.82 50.43 76.99% 75.70 81.29 0.62 12.58 13.65 20.84% 140.20 98.29 54.89 58.60 69.64 40.96 48.89 47.72 51.46 49.52 52.70

13 Fluidomat Ltd. Electro-magnetic couplings 13.84 17.63 10.14 12.32 69.88% 3.18 4.03 3.06 2.73 3.42 19.40% 96.83 85.99 66.11 61.03 73.39 67.93 37.27 19.50 56.91 32.75 56.30

14 Mailam India Ltd. Welding electrodes / sticks / wires / fluxes 46.86 37.43 41.37 33.36 89.13% 2.72 3.82 8.73 2.27 2.42 6.47% 45.38 46.00 59.32 78.11 60.09 72.34 3.13 0.92 10.84 13.47 56.80

15 Wendt (India) Ltd. Machine tools 51.97 56.54 30.76 32.54 57.55% 21.51 27.79 1.17 15.18 17.13 30.30% 81.63 75.24 73.38 91.56 55.08 58.14 17.43 24.66 22.56 31.69 58.40

16 T A L Manufacturing Solutions Ltd. Machine tools 200.17 162 173.19 142.79 88.14% 34.07 33.60 4.25 15.27 27.70 17.10% 103.13 99.61 181.73 287.47 42.36 65.63 22.12 14.42 25.74 18.20 59.30

17 Kulkarni Power Tools Ltd. Machine tools for drilling, boring, milling, etc. 62.16 64.96 45.01 47.10 72.51% 31.00 41.04 1.15 9.33 13.00 20.01% 83.61 88.07 58.16 88.05 51.97 52.34 22.19 25.22 35.17 50.77 59.30

18 Akar Tools Ltd. Machine tools 79.66 104.5 66.33 87.42 83.66% 36.68 35.39 2.47 7.73 9.48 9.07% 61.52 60.26 74.09 68.36 25.92 26.73 50.04 44.93 81.81 72.22 62.00

19 Unitherm Engineers Ltd. Furnaces or ovens, nec 30.49 25.92 20.46 16.97 65.47% 18.15 17.53 0.97 6.39 16.26 62.73% 58.10 44.88 120.61 53.16 84.17 73.38 55.81 23.82 58.75 25.22 62.10

20 Forbes & Co. Ltd. Machine tools 193.81 169.6 101.07 90.39 53.30% 140.35 129.32 0.70 -18.14 16.51 9.73% 106.21 86.81 188.12 219.83 70.43 57.46 15.18 13.48 55.32 43.12 62.30

21 Bajaj Ventures Ltd. Machine tools 70.14 22.81 14.64 18.61 81.59% 7.54 7.09 2.62 5.49 3.73 16.35% 71.74 153.93 109.07 126.67 93.55 110.68 10.88 9.88 30.25 30.32 64.40

22 Best & Crompton Engg. Ltd. Electrical machinery, nec 171.20 51.56 71.36 45.33 87.92% 37.75 16.12 2.81 49.93 7.43 14.41% 50.31 171.58 155.31 531.95 44.23 54.69 24.95 26.17 32.97 35.38 64.70

23 Hightemp Furnaces Ltd. Industrial furnaces & ovens 70.98 61.02 57.94 46.75 76.61% 50.90 51.41 0.91 11.07 8.92 14.62% 70.50 80.18 85.45 108.93 26.63 45.38 37.09 50.44 38.43 52.37 67.40

24Mitsubishi Heavy Inds. India Precision Tools Ltd.

Machine tools 34.90 36.45 19.67 20.19 55.39% 54.14 44.87 0.45 10.93 14.33 39.31% 77.65 74.65 180.10 52.98 223.17 213.58 12.55 19.09 16.07 22.84 67.80

25 Ewac Alloys Ltd. Welding machinery 155.42 142.94 61.43 53.28 37.27% 16.76 15.88 3.36 32.85 37.83 26.47% 56.69 55.05 35.90 74.56 69.84 73.68 26.92 28.30 49.08 58.23 70.20

26 Associated Engineers & Industrials Ltd. Cable making machines 5.56 11.05 3.70 4.00 36.20% 4.12 4.14 0.97 3.90 7.62 68.96% 5.90 3.51 398.89 192.31 23.70 32.03 91.04 222.38 286.20 219.47 71.60

27 W S Industries (India) Ltd. Electrical insulators, nec 222.37 216.36 173.62 188.12 86.95% 36.17 151.57 1.24 22.91 2.75 1.27% 96.39 103.55 121.89 127.21 53.22 54.03 25.73 33.00 39.78 52.35 71.70

28 Guindy Machine Tools Ltd. Machine tools 26.46 22.41 20.55 14.82 66.13% 17.91 16.13 0.92 4.41 4.87 21.73% 39.80 37.74 89.13 61.33 28.52 47.13 37.64 63.85 72.64 111.96 71.80

29 Lakshmi Precision Tools Ltd. Machine tools for drilling, boring, milling, etc. 18.83 14.21 16.03 12.02 84.59% 6.12 6.04 1.99 2.06 0.91 6.40% 78.51 95.88 32.44 66.17 157.51 207.28 28.53 32.84 30.41 35.69 82.00

30 Premier Ltd. Machine tools 128.95 149.77 95.80 112.68 75.24% 159.74 237.34 0.47 25.40 36.74 24.53% 164.47 162.56 189.69 255.19 100.19 110.19 29.84 24.13 105.59 94.38 82.60

31 A C E Designers Ltd. Lathes 173.89 192.39 140.65 139.45 72.48% 73.41 67.68 2.06 21.46 25.52 13.26% 67.45 53.27 46.76 138.14 58.38 59.18 71.01 56.69 88.21 69.46 83.20

32 Assam Carbon Products Ltd. Carbon electrodes, blocks, etc. 28.49 38.98 25.51 28.76 73.78% 16.85 15.82 1.82 -2.05 2.23 5.72% 146.57 131.83 192.84 136.74 115.43 105.64 49.87 35.43 83.36 61.26 83.70

33 Addison & Co. Ltd. Drilling machines 160.94 171 132.25 122.92 71.88% 57.29 63.29 1.94 22.15 24.86 14.54% 71.71 71.13 62.29 85.43 56.94 59.15 157.35 183.56 412.57 452.06 84.90

34 Batliboi Ltd. Machine tools 97.42 92.58 74.66 68.66 74.16% 50.58 49.21 1.40 3.27 2.98 3.22% 104.64 119.36 131.92 156.83 102.04 89.87 56.77 54.07 56.61 52.72 85.00

35 Revathi Equipment Ltd. Drilling machines 88.88 113.84 58.68 55.46 48.72% 13.85 13.81 4.02 16.17 23.52 20.66% 137.74 115.05 121.48 139.91 191.95 213.24 176.21 117.84 171.01 137.59 87.70

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 91: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 89www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

22 Ador Powertron Ltd. Rectifiers 81.13 68.93 57.36 50.32 73.00% 13.54 12.55 4.01 8.76 4.78 6.93% 63.62 63.40 53.95 67.27 33.72 30.75 39.94 35.17 71.58 69.60 72.50

23 Eon Electric Ltd. Miniature circuit breakers 259.92 229.41 172.34 169.57 73.92% 64.49 61.48 2.76 28.50 27.47 11.97% 158.97 190.68 94.24 95.77 32.05 35.47 64.86 65.54 102.72 106.69 74.10

24 Integra India Group Co. Ltd. Switching apparatus 15.91 20.11 11.59 16.34 81.25% 0.86 1.05 15.56 2.42 2.19 10.89% 106.83 132.11 91.31 147.68 98.08 67.71 26.29 23.71 24.52 24.25 74.80

25 Shilchar Technologies Ltd. Transformers 47.18 71.05 41.82 63.85 89.87% 15.72 14.88 4.29 2.50 5.19 7.30% 171.35 131.60 140.63 142.65 62.83 45.33 27.60 18.97 41.01 32.33 74.90

26 R T S Power Corpn. Ltd. Transformers 115.58 101.94 102.95 88.66 86.97% 13.30 16.55 5.36 8.89 8.21 8.05% 138.63 185.29 80.33 132.01 20.84 27.31 43.94 56.37 66.27 75.97 75.30

27 Sudhir Intra Vidyut Ltd. Transformers 48.07 51.22 43.58 45.02 87.90% 6.41 6.54 6.88 6.14 4.20 8.20% 80.15 75.73 81.27 79.60 39.12 43.36 22.08 29.04 22.79 39.47 76.50

28 Marsons Ltd. Transformers 39.35 72.42 34.40 56.26 77.69% 27.64 30.57 1.84 1.98 6.47 8.93% 180.88 113.93 136.20 127.23 74.78 55.09 31.32 26.09 33.27 26.25 77.30

29 I M P Powers Ltd. Distribution transformers 190.66 192.7 146.83 165.98 86.13% 66.75 73.44 2.26 31.75 19.96 10.36% 105.79 123.66 91.20 78.83 38.51 38.57 30.01 33.81 77.66 79.71 78.40

30 Transformers & Electricals, Kerala Ltd. Transformers 217.96 206.01 162.26 144.84 70.31% 3.81 5.07 28.57 44.44 46.56 22.60% 100.96 100.72 100.65 69.92 46.57 70.66 22.46 31.00 48.67 60.70 78.50

31 Electro Teknica Switchgears Pvt. Ltd. Switchgears, nec 24.99 20.41 21.87 18.32 89.76% 0.70 0.62 29.55 0.89 0.77 3.77% 81.45 114.72 104.53 142.84 45.42 61.47 15.62 26.74 15.78 27.73 83.40

32 High Energy Batteries (India) Ltd. Storage batteries 24.13 27.34 14.51 21.37 78.16% 5.88 23.84 0.90 3.68 1.69 6.18% 122.10 112.56 163.64 118.18 513.67 380.04 25.63 15.47 30.49 17.90 84.60

33 Tarapur Transformers Ltd. Transformers 23.82 30.27 18.01 25.29 83.55% 11.38 13.87 1.82 3.99 3.60 11.89% 132.78 128.18 60.21 122.30 48.21 48.43 63.06 37.59 71.79 40.87 84.90

34 Tudor India Ltd. Storage batteries 140.85 63.87 94.39 42.59 66.68% 15.00 15.09 2.82 7.44 3.66 5.73% 99.80 190.73 52.56 97.73 24.86 60.08 17.50 48.40 76.83 169.23 87.70

35 C I I Guardian Intl. Ltd. Relays 36.81 32.55 30.99 29.15 89.55% 2.79 2.82 10.34 3.20 3.84 11.80% 4.31 3.52 51.31 14.32 90.86 86.86 28.53 31.78 29.76 33.06 89.90

36 Agile Electric Technologies Pvt. Ltd. Hollow shaft motors 15.40 15.39 10.72 10.86 70.57% 22.31 20.75 0.52 2.71 3.41 22.16% 34.78 87.05 122.08 229.87 49.48 69.79 39.06 30.47 44.06 34.40 89.90

37 E C E Industries Ltd. Transformers 210.33 148.71 186.35 135.66 91.22% 12.40 12.58 10.78 15.79 12.41 8.35% 122.75 164.27 61.11 74.95 49.67 81.28 40.26 76.02 53.48 89.24 96.20

38 Elgi Electric & Inds. Ltd. Motors & generators 39.69 39.69 27.57 27.57 69.46% 14.91 14.91 1.85 1.45 1.45 3.65% 68.59 68.59 197.76 197.76 102.21 102.21 19.13 19.13 39.22 39.22 97.60

39 Alfa Transformers Ltd. Transformers 31.79 19.76 21.57 15.63 79.10% 17.20 17.91 0.87 7.50 3.49 17.66% 77.31 158.97 32.02 110.46 132.41 232.78 25.52 56.35 49.78 81.80 99.30

40 Star Battery Ltd. Storage batteries 58.70 47.36 46.17 39.73 83.89% 29.68 29.27 1.36 7.46 1.50 3.17% 98.02 134.53 123.42 161.03 55.32 64.04 45.25 54.81 45.78 55.33 100.70

41 Pitti Laminations Ltd. Stampings & laminations 258.03 148.98 216.90 123.08 82.62% 77.98 71.93 1.71 27.21 17.91 12.02% 54.01 103.16 84.49 160.48 50.74 98.54 28.10 68.63 42.58 105.80 111.30

E L E C T R I C A L M A C H I N E R Y & T O O L S

1 Panasonic Carbon India Co. Ltd. Welding machinery 30.34 28.98 21.95 18.80 64.87% 5.31 4.43 4.24 9.86 10.82 37.34% 32.49 25.25 39.16 48.42 42.58 40.99 7.22 7.23 14.02 13.57 30.10

2 Vulcan Engineers Ltd. Furnaces or ovens, nec 9.11 19.98 7.88 15.75 78.83% 0.41 0.56 28.13 -0.03 3.15 15.77% 130.98 116.34 188.86 173.28 6.04 0.33 28.23 15.47 44.11 16.39 31.40

3 J S L Industries Ltd. Electrical machinery other than electronics 30.53 35.35 25.37 30.45 86.14% 7.86 8.57 3.55 2.12 2.68 7.58% 99.82 83.67 117.61 101.23 27.50 17.99 15.01 8.70 35.56 24.70 36.60

4 Weld Excel India Ltd. Welding electrodes / sticks / wires / fluxes 24.06 33.4 16.45 21.96 65.75% 4.27 4.20 5.23 3.10 4.63 13.86% 45.54 47.78 45.92 97.27 22.08 18.88 8.09 5.85 40.81 33.47 36.70

5 G E E Ltd. Welding machinery 121.70 128.25 104.88 102.10 79.61% 17.44 34.46 2.96 9.14 16.58 12.93% 27.73 40.40 15.21 22.60 24.69 41.13 2.56 3.15 13.10 16.02 38.00

6 I T L Industries Ltd. Sawing or cutting off machines 31.47 62.62 25.85 45.80 73.14% 7.92 8.49 5.39 3.31 9.52 15.20% 106.31 72.73 152.37 84.08 90.31 46.70 15.19 8.92 16.92 9.27 38.50

7 Ador Fontech Ltd. Welding machinery 106.41 117.57 38.96 43.00 36.57% 7.95 8.05 5.34 16.27 20.84 17.73% 41.28 34.80 27.47 44.72 34.88 48.31 0.60 0.50 32.62 34.15 40.00

8 D & H Welding Electrodes (India) Ltd. Welding electrodes / sticks / wires / fluxes 46.70 50.48 39.03 41.98 83.16% 6.80 8.45 4.97 4.40 2.97 5.88% 54.31 64.43 48.56 67.88 33.13 34.60 8.13 7.28 39.02 31.51 41.80

9 United Drilling Tools Ltd. Machine tools for drilling, boring, milling, etc. 19.92 26.22 17.68 24.86 94.81% 4.50 1.52 16.36 0.70 1.43 5.45% 98.21 47.82 91.82 51.71 9.03 26.49 15.78 21.01 17.36 22.12 42.20

10 Ador Welding Ltd. Welding electrodes / sticks / wires / fluxes 227.14 267 165.04 183.78 68.83% 82.37 81.84 2.25 36.20 49.21 18.43% 26.46 24.95 44.94 35.68 37.88 41.45 16.01 14.90 45.69 37.59 49.00

11 Diffusion Engineers Ltd. Welding electrodes / sticks / wires / fluxes 61.46 60.56 34.85 34.37 56.75% 14.49 14.13 2.43 13.33 14.52 23.98% 57.08 79.07 36.49 49.54 52.74 57.76 10.73 13.79 46.06 51.67 51.90

12 Goldstone Infratech Ltd. Electrical insulators, nec 45.52 65.5 32.82 50.43 76.99% 75.70 81.29 0.62 12.58 13.65 20.84% 140.20 98.29 54.89 58.60 69.64 40.96 48.89 47.72 51.46 49.52 52.70

13 Fluidomat Ltd. Electro-magnetic couplings 13.84 17.63 10.14 12.32 69.88% 3.18 4.03 3.06 2.73 3.42 19.40% 96.83 85.99 66.11 61.03 73.39 67.93 37.27 19.50 56.91 32.75 56.30

14 Mailam India Ltd. Welding electrodes / sticks / wires / fluxes 46.86 37.43 41.37 33.36 89.13% 2.72 3.82 8.73 2.27 2.42 6.47% 45.38 46.00 59.32 78.11 60.09 72.34 3.13 0.92 10.84 13.47 56.80

15 Wendt (India) Ltd. Machine tools 51.97 56.54 30.76 32.54 57.55% 21.51 27.79 1.17 15.18 17.13 30.30% 81.63 75.24 73.38 91.56 55.08 58.14 17.43 24.66 22.56 31.69 58.40

16 T A L Manufacturing Solutions Ltd. Machine tools 200.17 162 173.19 142.79 88.14% 34.07 33.60 4.25 15.27 27.70 17.10% 103.13 99.61 181.73 287.47 42.36 65.63 22.12 14.42 25.74 18.20 59.30

17 Kulkarni Power Tools Ltd. Machine tools for drilling, boring, milling, etc. 62.16 64.96 45.01 47.10 72.51% 31.00 41.04 1.15 9.33 13.00 20.01% 83.61 88.07 58.16 88.05 51.97 52.34 22.19 25.22 35.17 50.77 59.30

18 Akar Tools Ltd. Machine tools 79.66 104.5 66.33 87.42 83.66% 36.68 35.39 2.47 7.73 9.48 9.07% 61.52 60.26 74.09 68.36 25.92 26.73 50.04 44.93 81.81 72.22 62.00

19 Unitherm Engineers Ltd. Furnaces or ovens, nec 30.49 25.92 20.46 16.97 65.47% 18.15 17.53 0.97 6.39 16.26 62.73% 58.10 44.88 120.61 53.16 84.17 73.38 55.81 23.82 58.75 25.22 62.10

20 Forbes & Co. Ltd. Machine tools 193.81 169.6 101.07 90.39 53.30% 140.35 129.32 0.70 -18.14 16.51 9.73% 106.21 86.81 188.12 219.83 70.43 57.46 15.18 13.48 55.32 43.12 62.30

21 Bajaj Ventures Ltd. Machine tools 70.14 22.81 14.64 18.61 81.59% 7.54 7.09 2.62 5.49 3.73 16.35% 71.74 153.93 109.07 126.67 93.55 110.68 10.88 9.88 30.25 30.32 64.40

22 Best & Crompton Engg. Ltd. Electrical machinery, nec 171.20 51.56 71.36 45.33 87.92% 37.75 16.12 2.81 49.93 7.43 14.41% 50.31 171.58 155.31 531.95 44.23 54.69 24.95 26.17 32.97 35.38 64.70

23 Hightemp Furnaces Ltd. Industrial furnaces & ovens 70.98 61.02 57.94 46.75 76.61% 50.90 51.41 0.91 11.07 8.92 14.62% 70.50 80.18 85.45 108.93 26.63 45.38 37.09 50.44 38.43 52.37 67.40

24Mitsubishi Heavy Inds. India Precision Tools Ltd.

Machine tools 34.90 36.45 19.67 20.19 55.39% 54.14 44.87 0.45 10.93 14.33 39.31% 77.65 74.65 180.10 52.98 223.17 213.58 12.55 19.09 16.07 22.84 67.80

25 Ewac Alloys Ltd. Welding machinery 155.42 142.94 61.43 53.28 37.27% 16.76 15.88 3.36 32.85 37.83 26.47% 56.69 55.05 35.90 74.56 69.84 73.68 26.92 28.30 49.08 58.23 70.20

26 Associated Engineers & Industrials Ltd. Cable making machines 5.56 11.05 3.70 4.00 36.20% 4.12 4.14 0.97 3.90 7.62 68.96% 5.90 3.51 398.89 192.31 23.70 32.03 91.04 222.38 286.20 219.47 71.60

27 W S Industries (India) Ltd. Electrical insulators, nec 222.37 216.36 173.62 188.12 86.95% 36.17 151.57 1.24 22.91 2.75 1.27% 96.39 103.55 121.89 127.21 53.22 54.03 25.73 33.00 39.78 52.35 71.70

28 Guindy Machine Tools Ltd. Machine tools 26.46 22.41 20.55 14.82 66.13% 17.91 16.13 0.92 4.41 4.87 21.73% 39.80 37.74 89.13 61.33 28.52 47.13 37.64 63.85 72.64 111.96 71.80

29 Lakshmi Precision Tools Ltd. Machine tools for drilling, boring, milling, etc. 18.83 14.21 16.03 12.02 84.59% 6.12 6.04 1.99 2.06 0.91 6.40% 78.51 95.88 32.44 66.17 157.51 207.28 28.53 32.84 30.41 35.69 82.00

30 Premier Ltd. Machine tools 128.95 149.77 95.80 112.68 75.24% 159.74 237.34 0.47 25.40 36.74 24.53% 164.47 162.56 189.69 255.19 100.19 110.19 29.84 24.13 105.59 94.38 82.60

31 A C E Designers Ltd. Lathes 173.89 192.39 140.65 139.45 72.48% 73.41 67.68 2.06 21.46 25.52 13.26% 67.45 53.27 46.76 138.14 58.38 59.18 71.01 56.69 88.21 69.46 83.20

32 Assam Carbon Products Ltd. Carbon electrodes, blocks, etc. 28.49 38.98 25.51 28.76 73.78% 16.85 15.82 1.82 -2.05 2.23 5.72% 146.57 131.83 192.84 136.74 115.43 105.64 49.87 35.43 83.36 61.26 83.70

33 Addison & Co. Ltd. Drilling machines 160.94 171 132.25 122.92 71.88% 57.29 63.29 1.94 22.15 24.86 14.54% 71.71 71.13 62.29 85.43 56.94 59.15 157.35 183.56 412.57 452.06 84.90

34 Batliboi Ltd. Machine tools 97.42 92.58 74.66 68.66 74.16% 50.58 49.21 1.40 3.27 2.98 3.22% 104.64 119.36 131.92 156.83 102.04 89.87 56.77 54.07 56.61 52.72 85.00

35 Revathi Equipment Ltd. Drilling machines 88.88 113.84 58.68 55.46 48.72% 13.85 13.81 4.02 16.17 23.52 20.66% 137.74 115.05 121.48 139.91 191.95 213.24 176.21 117.84 171.01 137.59 87.70

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small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 92: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com90 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

36 E F D Induction Ltd. Induction or di-electric furnaces 37.15 31.96 30.02 22.88 71.59% 7.33 7.12 3.21 7.98 2.91 9.11% 101.36 82.85 166.33 147.41 160.61 203.76 66.93 62.02 70.96 65.76 90.90

37 Bemco Hydraulics Ltd. Hydraulic presses 23.10 17.64 16.33 16.48 93.42% 5.76 5.17 3.19 2.64 2.84 16.10% 85.44 80.42 209.09 197.51 88.22 93.86 122.00 93.11 210.42 341.78 95.30

38 Permanent Magnets Ltd. Electro-magnets, permanent magnets, etc. 59.54 47.94 53.14 38.76 80.85% 4.42 5.55 6.98 5.61 4.16 8.68% 42.27 52.50 150.10 164.15 123.53 180.57 93.54 138.97 109.28 155.11 99.90

E L E C T R I C I T Y G E N E R A T I O N

1 Geecee Ventures Ltd. Wind energy 375.54 131.39 259.66 91.37 69.54% 191.95 36.16 2.53 59.28 112.78 85.84% 69.76 94.73 32.69 28.71 27.86 30.05 4.51 2.81 10.62 13.02 6.70

2 T C P Ltd. Coal based thermal electricity 292.94 252.89 204.42 183.23 72.45% 99.98 121.12 1.51 84.73 55.67 22.01% 83.47 132.89 120.03 136.77 51.81 98.48 0.42 0.49 23.27 8.31 7.90

3 N S L Sugars Ltd. Non-conventional energy 216.89 242.54 167.48 196.84 81.16% 136.98 154.75 1.27 75.06 57.03 23.51% 22.99 18.09 48.60 47.23 10.57 8.80 2.51 1.88 76.46 104.56 9.50

4 Pioneer Wincon Pvt. Ltd. Wind energy 89.26 134.73 83.55 121.40 90.11% 4.17 4.07 29.83 1.19 8.95 6.64% 62.89 54.07 99.99 43.84 222.92 123.77 29.79 29.45 30.33 29.74 12.70

5 Websol Energy System Ltd. Solar photovoltaics 141.40 149.91 110.05 133.77 89.23% 33.19 234.81 0.57 28.15 29.27 19.53% 14.88 31.85 71.31 45.22 80.90 107.96 38.89 32.34 66.07 59.93 13.70

E L E C T R O N I C S

1 Elgi Ultra Inds. Ltd. Grinders & mixers 72.99 77.68 57.30 59.43 76.51% 6.17 4.51 13.18 3.63 7.26 9.35% 54.03 53.57 47.69 48.90 20.48 15.98 6.08 6.74 8.92 10.44 63.20

2 Patels Airtemp (India) Ltd. Electric appliances 67.03 70.6 48.28 51.39 72.79% 8.41 13.50 3.81 11.79 14.51 20.55% 90.70 111.92 54.35 54.78 34.66 29.34 14.25 12.82 13.63 12.72 68.00

3 Starlite Components Ltd. Caps for lamps 12.40 19.3 12.14 18.70 96.89% 2.21 2.11 8.86 0.44 0.47 2.44% 81.45 108.93 144.99 153.47 12.68 7.68 2.98 3.04 10.57 8.12 73.90

4 A P W President Systems Ltd. Electronics 138.33 139.15 106.37 108.95 78.30% 40.27 43.67 2.49 18.20 13.48 9.69% 57.49 55.28 50.46 45.52 22.12 26.64 10.86 8.04 17.74 12.95 81.10

5 Continental Device India Ltd. Semiconductor devices 84.13 77.61 74.11 70.95 91.42% 35.71 33.98 2.09 7.17 8.97 11.56% 57.01 52.17 51.96 47.76 25.40 25.39 3.22 7.97 8.66 12.60 83.50

6 P C S Technology Ltd. Computer systems 277.10 190.34 240.63 161.96 85.09% 71.53 70.28 2.30 17.34 13.52 7.10% 181.75 273.71 66.63 132.91 24.00 34.21 0.92 1.69 1.43 1.93 83.70

7 Lakshmi Electrical Control Systems Ltd. Control panels 101.94 98.74 86.20 82.84 83.90% 13.71 16.77 4.94 13.35 14.91 15.10% 56.26 59.97 20.77 60.24 48.55 38.68 8.01 6.19 12.10 10.78 87.10

8 Tibrewala Electronics Ltd. Capacitors 53.19 63.93 40.91 46.52 72.77% 24.14 22.28 2.09 8.43 13.27 20.76% 108.24 103.48 26.66 56.34 29.76 32.74 14.52 12.10 30.41 28.76 89.30

9 Avantel Ltd. Filters 25.75 21.54 16.57 14.57 67.64% 6.28 5.54 2.63 4.55 2.73 12.67% 99.48 119.12 22.54 19.62 24.78 26.61 37.12 30.26 38.53 31.78 90.60

10 F C I Oen Connectors Ltd. Connectors 254.03 272.81 167.44 177.73 65.15% 72.02 86.53 2.05 48.35 52.77 19.34% 61.31 73.23 86.34 82.25 39.47 37.55 10.25 8.48 15.66 11.93 90.80

11 Sharp India Ltd. Television receivers 91.07 106.83 58.55 72.24 67.62% 12.35 12.59 5.74 2.65 4.11 3.85% 62.78 46.80 66.35 67.96 41.42 40.05 0.84 0.90 42.01 25.78 96.20

12 Rajasthan Electronics & Instruments Ltd.Control instrumentation & industrial electronics

86.41 97.92 72.56 76.82 78.45% 12.93 11.38 6.75 4.44 4.65 4.75% 133.18 149.61 100.54 107.62 49.08 41.74 9.47 8.10 15.63 13.71 99.00

13 Lipi Data Systems Ltd. Line printers 180.89 166.13 72.22 73.21 44.07% 27.12 33.20 2.21 14.87 17.78 10.70% 76.90 94.45 56.73 55.23 35.71 31.67 6.57 10.50 44.38 47.97 102.50

14 Butterfly Gandhimathi Appliances Ltd.Grinders, mixers & fruit or vegetable juice extractors

145.66 254.28 98.05 163.94 64.47% 14.20 19.34 8.48 18.39 27.81 10.94% 50.99 40.27 52.22 27.16 32.92 22.84 15.13 25.12 20.40 40.43 103.30

15 Kaycee Industries Ltd. Rotary switches 21.07 25.05 16.27 19.66 78.48% 1.34 1.37 14.35 1.67 1.79 7.15% 93.43 89.40 79.53 83.51 34.01 30.37 16.42 12.28 39.13 37.32 103.40

16 Patels Airflow Ltd. Industrial fans, blowers, etc. 11.07 16.04 8.88 12.60 78.55% 3.83 4.77 2.64 1.98 3.25 20.26% 69.57 54.14 46.42 35.08 37.82 41.41 19.22 12.61 20.33 18.05 104.10

17 Mel Systems & Services Ltd. Electronic test & measuring instruments 12.99 22.14 6.01 9.17 41.42% 1.90 1.96 4.68 1.79 2.68 12.10% 152.45 154.67 157.89 155.71 63.03 70.22 8.62 6.65 23.07 15.24 106.50

18 Panasonic Home Appliances India Co. Ltd. Cooking ranges 100.24 135.97 50.22 66.74 49.08% 10.94 17.59 3.79 4.92 6.20 4.56% 22.38 28.22 54.64 61.42 28.55 29.86 10.81 9.23 48.26 38.86 107.50

19 Easun Reyrolle Ltd. Electronic relays 138.39 213.94 126.45 167.28 78.19% 30.50 29.43 5.68 17.36 77.10 36.04% 188.34 160.93 101.79 169.47 44.99 46.49 16.78 8.94 56.11 34.41 108.20

20 Polar Industries Ltd. Fans 88.47 22.71 24.28 16.91 74.46% 10.96 3.62 4.67 -12.59 17.22 75.83% 77.21 143.42 320.99 1134.48 40.87 13.87 32.29 21.06 60.27 75.62 111.50

21 Remi Elektrotechnik Ltd. Scientific & laboratory instruments 50.17 56.78 41.31 46.62 82.11% 13.09 15.13 3.08 4.19 6.28 11.06% 96.71 85.08 40.60 77.06 22.53 25.73 23.31 19.92 47.39 40.73 113.10

22 Zicom Electronic Security Systems Ltd. Electronic components 195.25 244.38 54.73 77.96 31.90% 23.49 40.24 1.94 29.14 27.26 11.15% 80.73 75.86 33.27 45.50 135.89 91.36 12.32 7.15 4.25 2.71 113.90

23 Akasaka Electronics Ltd. Printed circuit boards 28.57 34.13 23.52 27.01 79.14% 7.82 6.56 4.12 1.78 4.42 12.95% 59.57 69.44 49.60 77.96 46.29 28.16 27.84 27.36 45.23 35.79 115.50

24 Smartlink Network Systems Ltd. Computer peripherals 159.68 168.21 52.29 57.01 33.89% 51.19 41.92 1.36 17.49 35.98 21.39% 96.09 55.80 40.81 54.18 114.80 63.93 13.38 9.55 38.28 26.18 116.30

25 Salora Components Ltd. Colour TV deflection components 6.54 13.67 5.76 10.85 79.37% 3.99 3.75 2.89 0.51 1.72 12.58% 49.84 54.27 142.80 101.19 80.46 49.06 5.35 4.37 5.86 27.48 116.40

26 Titan Timeproducts Ltd. Integrated circuits, nec 15.80 14.44 12.03 12.03 83.31% 5.46 5.15 2.34 1.88 1.06 7.34% 42.22 27.30 39.88 36.32 68.31 71.47 2.85 1.76 6.81 4.57 119.20

27 Calcom Vision Ltd. Television receivers 11.11 14.95 10.88 13.58 90.84% 5.49 4.82 2.82 -0.07 0.64 4.28% 93.66 87.61 231.52 179.02 81.84 41.62 9.71 5.88 20.22 13.48 119.50

28 Chemtrols Industries Ltd. Level sensors & indicators 191.12 238.9 160.97 206.38 86.39% 17.44 18.20 11.34 14.50 18.63 7.80% 107.70 102.58 101.10 85.60 43.55 30.54 28.80 34.04 30.00 35.32 122.30

29 Indfos Industries Ltd. Process control equipment 14.36 14.45 9.67 10.40 71.97% 4.71 3.98 2.61 8.15 2.66 18.41% 162.44 65.49 107.07 108.97 121.12 65.42 17.14 8.00 50.01 21.05 125.30

30 Racold Thermo Ltd. Water heaters 120.25 122.95 80.11 73.41 59.71% 24.77 22.31 3.29 15.60 21.24 17.28% 75.23 73.28 93.98 97.60 39.45 35.25 19.02 13.95 75.87 65.81 125.30

31 Salzer Electronics Ltd. Rotary switches 103.75 175.52 88.12 142.91 81.42% 44.33 51.63 2.77 15.96 21.57 12.29% 75.92 67.64 68.02 77.04 40.16 28.43 29.68 24.04 51.26 44.96 125.60

32 B E L Optronic Devices Ltd. Industrial power supplies 30.68 58.43 31.98 57.43 98.29% 9.87 7.92 7.25 -1.05 5.69 9.74% 152.74 79.86 196.07 47.93 61.29 35.45 30.15 29.34 37.51 33.86 126.00

33 Aimil Ltd.Control instrumentation & industrial electronics

98.46 118.57 29.81 36.11 30.45% 9.22 9.33 3.87 8.52 13.75 11.60% 116.73 115.46 85.53 109.14 89.16 70.05 3.44 2.94 69.50 70.35 126.10

34 F C I Technology Services Ltd. Connectors 66.70 95.76 48.79 62.49 65.26% 59.76 59.70 1.05 -4.25 19.16 20.01% 67.47 65.16 187.14 133.06 105.76 83.77 0.93 1.01 11.09 6.63 127.70

35 B S & B Safety Systems (I) Ltd. Miscellaneous components, nec 30.27 25.55 14.41 11.62 45.48% 3.80 3.26 3.56 13.89 11.73 45.91% 70.60 79.42 85.86 113.75 92.25 89.63 14.04 12.43 15.03 13.56 129.80

36 Exicom Tele-Systems Ltd. Switch mode power supply systems 104.79 102.47 62.40 71.19 69.47% 6.03 11.19 6.36 18.24 10.99 10.73% 117.78 129.20 88.77 82.53 50.06 76.71 29.77 19.83 27.41 20.22 130.20

37 Hawkins Cookers Ltd. Cookers 241.95 285.77 133.55 143.63 50.26% 14.38 15.72 9.14 32.39 59.28 20.74% 34.11 33.33 55.09 61.73 40.32 51.65 24.53 26.62 40.10 36.93 131.00

38 Mahindra Hinoday Inds. Ltd. Passive components 260.32 296.62 237.08 252.42 85.10% 156.38 190.83 1.32 -30.76 18.18 6.13% 66.75 51.64 74.68 75.54 32.13 32.19 17.66 12.17 48.57 33.30 131.10

39 Hind Rectifiers Ltd. Semiconductor devices 98.15 75.38 73.65 54.42 72.19% 10.25 15.88 3.43 16.37 11.87 15.75% 112.70 142.52 46.25 60.17 61.03 91.44 18.51 18.29 24.11 24.76 135.10

40 Starlite Lighting Ltd. Lamps 43.88 66.65 36.54 53.29 79.95% 22.91 55.72 0.96 4.08 7.25 10.88% 41.46 46.41 114.88 145.81 31.79 34.20 11.07 11.36 29.58 30.25 137.50

41 Lubi Electricals Ltd. Miscellaneous electronic equipment 98.96 94.6 84.52 79.99 84.56% 7.89 14.94 5.35 8.65 8.44 8.92% 53.11 57.34 59.69 85.94 46.67 50.85 19.94 18.16 31.64 29.80 138.10

42 Ned Energy Ltd. Batteries incl. Ni-Cd batteries 146.17 168.31 101.16 140.56 83.51% 29.06 32.01 4.39 39.15 31.42 18.67% 56.90 57.43 50.06 73.57 41.46 61.91 8.44 23.67 8.76 26.37 138.20

43 Advance Power Display Systems Ltd. Uninterrupted power supplies 172.46 150.61 154.12 143.21 95.09% 33.33 35.73 4.01 13.07 10.16 6.75% 32.96 30.48 59.51 87.87 58.32 70.48 4.52 3.43 12.12 20.80 139.20

44 Circuit Systems (India) Ltd. Printed circuit boards 36.47 36.18 28.55 28.43 78.58% 21.18 19.41 1.46 2.55 4.17 11.53% 126.63 135.25 65.08 127.57 67.24 71.62 10.79 14.26 11.38 14.98 139.40

45 M I L Controls Ltd. Control valves 67.16 75.65 41.23 48.40 63.98% 12.22 15.47 3.13 20.03 22.40 29.61% 70.27 71.70 70.36 64.00 85.11 83.23 12.20 12.01 41.10 40.89 140.10

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 93: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 91www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

36 E F D Induction Ltd. Induction or di-electric furnaces 37.15 31.96 30.02 22.88 71.59% 7.33 7.12 3.21 7.98 2.91 9.11% 101.36 82.85 166.33 147.41 160.61 203.76 66.93 62.02 70.96 65.76 90.90

37 Bemco Hydraulics Ltd. Hydraulic presses 23.10 17.64 16.33 16.48 93.42% 5.76 5.17 3.19 2.64 2.84 16.10% 85.44 80.42 209.09 197.51 88.22 93.86 122.00 93.11 210.42 341.78 95.30

38 Permanent Magnets Ltd. Electro-magnets, permanent magnets, etc. 59.54 47.94 53.14 38.76 80.85% 4.42 5.55 6.98 5.61 4.16 8.68% 42.27 52.50 150.10 164.15 123.53 180.57 93.54 138.97 109.28 155.11 99.90

E L E C T R I C I T Y G E N E R A T I O N

1 Geecee Ventures Ltd. Wind energy 375.54 131.39 259.66 91.37 69.54% 191.95 36.16 2.53 59.28 112.78 85.84% 69.76 94.73 32.69 28.71 27.86 30.05 4.51 2.81 10.62 13.02 6.70

2 T C P Ltd. Coal based thermal electricity 292.94 252.89 204.42 183.23 72.45% 99.98 121.12 1.51 84.73 55.67 22.01% 83.47 132.89 120.03 136.77 51.81 98.48 0.42 0.49 23.27 8.31 7.90

3 N S L Sugars Ltd. Non-conventional energy 216.89 242.54 167.48 196.84 81.16% 136.98 154.75 1.27 75.06 57.03 23.51% 22.99 18.09 48.60 47.23 10.57 8.80 2.51 1.88 76.46 104.56 9.50

4 Pioneer Wincon Pvt. Ltd. Wind energy 89.26 134.73 83.55 121.40 90.11% 4.17 4.07 29.83 1.19 8.95 6.64% 62.89 54.07 99.99 43.84 222.92 123.77 29.79 29.45 30.33 29.74 12.70

5 Websol Energy System Ltd. Solar photovoltaics 141.40 149.91 110.05 133.77 89.23% 33.19 234.81 0.57 28.15 29.27 19.53% 14.88 31.85 71.31 45.22 80.90 107.96 38.89 32.34 66.07 59.93 13.70

E L E C T R O N I C S

1 Elgi Ultra Inds. Ltd. Grinders & mixers 72.99 77.68 57.30 59.43 76.51% 6.17 4.51 13.18 3.63 7.26 9.35% 54.03 53.57 47.69 48.90 20.48 15.98 6.08 6.74 8.92 10.44 63.20

2 Patels Airtemp (India) Ltd. Electric appliances 67.03 70.6 48.28 51.39 72.79% 8.41 13.50 3.81 11.79 14.51 20.55% 90.70 111.92 54.35 54.78 34.66 29.34 14.25 12.82 13.63 12.72 68.00

3 Starlite Components Ltd. Caps for lamps 12.40 19.3 12.14 18.70 96.89% 2.21 2.11 8.86 0.44 0.47 2.44% 81.45 108.93 144.99 153.47 12.68 7.68 2.98 3.04 10.57 8.12 73.90

4 A P W President Systems Ltd. Electronics 138.33 139.15 106.37 108.95 78.30% 40.27 43.67 2.49 18.20 13.48 9.69% 57.49 55.28 50.46 45.52 22.12 26.64 10.86 8.04 17.74 12.95 81.10

5 Continental Device India Ltd. Semiconductor devices 84.13 77.61 74.11 70.95 91.42% 35.71 33.98 2.09 7.17 8.97 11.56% 57.01 52.17 51.96 47.76 25.40 25.39 3.22 7.97 8.66 12.60 83.50

6 P C S Technology Ltd. Computer systems 277.10 190.34 240.63 161.96 85.09% 71.53 70.28 2.30 17.34 13.52 7.10% 181.75 273.71 66.63 132.91 24.00 34.21 0.92 1.69 1.43 1.93 83.70

7 Lakshmi Electrical Control Systems Ltd. Control panels 101.94 98.74 86.20 82.84 83.90% 13.71 16.77 4.94 13.35 14.91 15.10% 56.26 59.97 20.77 60.24 48.55 38.68 8.01 6.19 12.10 10.78 87.10

8 Tibrewala Electronics Ltd. Capacitors 53.19 63.93 40.91 46.52 72.77% 24.14 22.28 2.09 8.43 13.27 20.76% 108.24 103.48 26.66 56.34 29.76 32.74 14.52 12.10 30.41 28.76 89.30

9 Avantel Ltd. Filters 25.75 21.54 16.57 14.57 67.64% 6.28 5.54 2.63 4.55 2.73 12.67% 99.48 119.12 22.54 19.62 24.78 26.61 37.12 30.26 38.53 31.78 90.60

10 F C I Oen Connectors Ltd. Connectors 254.03 272.81 167.44 177.73 65.15% 72.02 86.53 2.05 48.35 52.77 19.34% 61.31 73.23 86.34 82.25 39.47 37.55 10.25 8.48 15.66 11.93 90.80

11 Sharp India Ltd. Television receivers 91.07 106.83 58.55 72.24 67.62% 12.35 12.59 5.74 2.65 4.11 3.85% 62.78 46.80 66.35 67.96 41.42 40.05 0.84 0.90 42.01 25.78 96.20

12 Rajasthan Electronics & Instruments Ltd.Control instrumentation & industrial electronics

86.41 97.92 72.56 76.82 78.45% 12.93 11.38 6.75 4.44 4.65 4.75% 133.18 149.61 100.54 107.62 49.08 41.74 9.47 8.10 15.63 13.71 99.00

13 Lipi Data Systems Ltd. Line printers 180.89 166.13 72.22 73.21 44.07% 27.12 33.20 2.21 14.87 17.78 10.70% 76.90 94.45 56.73 55.23 35.71 31.67 6.57 10.50 44.38 47.97 102.50

14 Butterfly Gandhimathi Appliances Ltd.Grinders, mixers & fruit or vegetable juice extractors

145.66 254.28 98.05 163.94 64.47% 14.20 19.34 8.48 18.39 27.81 10.94% 50.99 40.27 52.22 27.16 32.92 22.84 15.13 25.12 20.40 40.43 103.30

15 Kaycee Industries Ltd. Rotary switches 21.07 25.05 16.27 19.66 78.48% 1.34 1.37 14.35 1.67 1.79 7.15% 93.43 89.40 79.53 83.51 34.01 30.37 16.42 12.28 39.13 37.32 103.40

16 Patels Airflow Ltd. Industrial fans, blowers, etc. 11.07 16.04 8.88 12.60 78.55% 3.83 4.77 2.64 1.98 3.25 20.26% 69.57 54.14 46.42 35.08 37.82 41.41 19.22 12.61 20.33 18.05 104.10

17 Mel Systems & Services Ltd. Electronic test & measuring instruments 12.99 22.14 6.01 9.17 41.42% 1.90 1.96 4.68 1.79 2.68 12.10% 152.45 154.67 157.89 155.71 63.03 70.22 8.62 6.65 23.07 15.24 106.50

18 Panasonic Home Appliances India Co. Ltd. Cooking ranges 100.24 135.97 50.22 66.74 49.08% 10.94 17.59 3.79 4.92 6.20 4.56% 22.38 28.22 54.64 61.42 28.55 29.86 10.81 9.23 48.26 38.86 107.50

19 Easun Reyrolle Ltd. Electronic relays 138.39 213.94 126.45 167.28 78.19% 30.50 29.43 5.68 17.36 77.10 36.04% 188.34 160.93 101.79 169.47 44.99 46.49 16.78 8.94 56.11 34.41 108.20

20 Polar Industries Ltd. Fans 88.47 22.71 24.28 16.91 74.46% 10.96 3.62 4.67 -12.59 17.22 75.83% 77.21 143.42 320.99 1134.48 40.87 13.87 32.29 21.06 60.27 75.62 111.50

21 Remi Elektrotechnik Ltd. Scientific & laboratory instruments 50.17 56.78 41.31 46.62 82.11% 13.09 15.13 3.08 4.19 6.28 11.06% 96.71 85.08 40.60 77.06 22.53 25.73 23.31 19.92 47.39 40.73 113.10

22 Zicom Electronic Security Systems Ltd. Electronic components 195.25 244.38 54.73 77.96 31.90% 23.49 40.24 1.94 29.14 27.26 11.15% 80.73 75.86 33.27 45.50 135.89 91.36 12.32 7.15 4.25 2.71 113.90

23 Akasaka Electronics Ltd. Printed circuit boards 28.57 34.13 23.52 27.01 79.14% 7.82 6.56 4.12 1.78 4.42 12.95% 59.57 69.44 49.60 77.96 46.29 28.16 27.84 27.36 45.23 35.79 115.50

24 Smartlink Network Systems Ltd. Computer peripherals 159.68 168.21 52.29 57.01 33.89% 51.19 41.92 1.36 17.49 35.98 21.39% 96.09 55.80 40.81 54.18 114.80 63.93 13.38 9.55 38.28 26.18 116.30

25 Salora Components Ltd. Colour TV deflection components 6.54 13.67 5.76 10.85 79.37% 3.99 3.75 2.89 0.51 1.72 12.58% 49.84 54.27 142.80 101.19 80.46 49.06 5.35 4.37 5.86 27.48 116.40

26 Titan Timeproducts Ltd. Integrated circuits, nec 15.80 14.44 12.03 12.03 83.31% 5.46 5.15 2.34 1.88 1.06 7.34% 42.22 27.30 39.88 36.32 68.31 71.47 2.85 1.76 6.81 4.57 119.20

27 Calcom Vision Ltd. Television receivers 11.11 14.95 10.88 13.58 90.84% 5.49 4.82 2.82 -0.07 0.64 4.28% 93.66 87.61 231.52 179.02 81.84 41.62 9.71 5.88 20.22 13.48 119.50

28 Chemtrols Industries Ltd. Level sensors & indicators 191.12 238.9 160.97 206.38 86.39% 17.44 18.20 11.34 14.50 18.63 7.80% 107.70 102.58 101.10 85.60 43.55 30.54 28.80 34.04 30.00 35.32 122.30

29 Indfos Industries Ltd. Process control equipment 14.36 14.45 9.67 10.40 71.97% 4.71 3.98 2.61 8.15 2.66 18.41% 162.44 65.49 107.07 108.97 121.12 65.42 17.14 8.00 50.01 21.05 125.30

30 Racold Thermo Ltd. Water heaters 120.25 122.95 80.11 73.41 59.71% 24.77 22.31 3.29 15.60 21.24 17.28% 75.23 73.28 93.98 97.60 39.45 35.25 19.02 13.95 75.87 65.81 125.30

31 Salzer Electronics Ltd. Rotary switches 103.75 175.52 88.12 142.91 81.42% 44.33 51.63 2.77 15.96 21.57 12.29% 75.92 67.64 68.02 77.04 40.16 28.43 29.68 24.04 51.26 44.96 125.60

32 B E L Optronic Devices Ltd. Industrial power supplies 30.68 58.43 31.98 57.43 98.29% 9.87 7.92 7.25 -1.05 5.69 9.74% 152.74 79.86 196.07 47.93 61.29 35.45 30.15 29.34 37.51 33.86 126.00

33 Aimil Ltd.Control instrumentation & industrial electronics

98.46 118.57 29.81 36.11 30.45% 9.22 9.33 3.87 8.52 13.75 11.60% 116.73 115.46 85.53 109.14 89.16 70.05 3.44 2.94 69.50 70.35 126.10

34 F C I Technology Services Ltd. Connectors 66.70 95.76 48.79 62.49 65.26% 59.76 59.70 1.05 -4.25 19.16 20.01% 67.47 65.16 187.14 133.06 105.76 83.77 0.93 1.01 11.09 6.63 127.70

35 B S & B Safety Systems (I) Ltd. Miscellaneous components, nec 30.27 25.55 14.41 11.62 45.48% 3.80 3.26 3.56 13.89 11.73 45.91% 70.60 79.42 85.86 113.75 92.25 89.63 14.04 12.43 15.03 13.56 129.80

36 Exicom Tele-Systems Ltd. Switch mode power supply systems 104.79 102.47 62.40 71.19 69.47% 6.03 11.19 6.36 18.24 10.99 10.73% 117.78 129.20 88.77 82.53 50.06 76.71 29.77 19.83 27.41 20.22 130.20

37 Hawkins Cookers Ltd. Cookers 241.95 285.77 133.55 143.63 50.26% 14.38 15.72 9.14 32.39 59.28 20.74% 34.11 33.33 55.09 61.73 40.32 51.65 24.53 26.62 40.10 36.93 131.00

38 Mahindra Hinoday Inds. Ltd. Passive components 260.32 296.62 237.08 252.42 85.10% 156.38 190.83 1.32 -30.76 18.18 6.13% 66.75 51.64 74.68 75.54 32.13 32.19 17.66 12.17 48.57 33.30 131.10

39 Hind Rectifiers Ltd. Semiconductor devices 98.15 75.38 73.65 54.42 72.19% 10.25 15.88 3.43 16.37 11.87 15.75% 112.70 142.52 46.25 60.17 61.03 91.44 18.51 18.29 24.11 24.76 135.10

40 Starlite Lighting Ltd. Lamps 43.88 66.65 36.54 53.29 79.95% 22.91 55.72 0.96 4.08 7.25 10.88% 41.46 46.41 114.88 145.81 31.79 34.20 11.07 11.36 29.58 30.25 137.50

41 Lubi Electricals Ltd. Miscellaneous electronic equipment 98.96 94.6 84.52 79.99 84.56% 7.89 14.94 5.35 8.65 8.44 8.92% 53.11 57.34 59.69 85.94 46.67 50.85 19.94 18.16 31.64 29.80 138.10

42 Ned Energy Ltd. Batteries incl. Ni-Cd batteries 146.17 168.31 101.16 140.56 83.51% 29.06 32.01 4.39 39.15 31.42 18.67% 56.90 57.43 50.06 73.57 41.46 61.91 8.44 23.67 8.76 26.37 138.20

43 Advance Power Display Systems Ltd. Uninterrupted power supplies 172.46 150.61 154.12 143.21 95.09% 33.33 35.73 4.01 13.07 10.16 6.75% 32.96 30.48 59.51 87.87 58.32 70.48 4.52 3.43 12.12 20.80 139.20

44 Circuit Systems (India) Ltd. Printed circuit boards 36.47 36.18 28.55 28.43 78.58% 21.18 19.41 1.46 2.55 4.17 11.53% 126.63 135.25 65.08 127.57 67.24 71.62 10.79 14.26 11.38 14.98 139.40

45 M I L Controls Ltd. Control valves 67.16 75.65 41.23 48.40 63.98% 12.22 15.47 3.13 20.03 22.40 29.61% 70.27 71.70 70.36 64.00 85.11 83.23 12.20 12.01 41.10 40.89 140.10

ELECTRON

ICSsmall manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 94: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com92 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

46 Cosmo Ferrites Ltd. Soft ferrites 29.31 37.53 22.73 26.61 70.90% 32.66 30.14 0.88 3.30 6.71 17.88% 45.34 38.37 58.24 48.86 58.57 40.52 26.74 24.55 56.07 39.84 141.70

47 Incap Ltd. Electrolytic capacitors 11.52 12.57 9.55 10.68 84.96% 3.17 2.79 3.83 1.35 1.52 12.09% 67.10 70.66 41.53 58.93 120.14 102.07 5.74 3.20 49.34 33.02 141.90

48 Avichal Buildcon Pvt. Ltd. Laminates 22.33 20.68 21.58 18.25 88.25% 36.70 32.60 0.56 -0.08 0.85 4.11% 43.90 98.41 147.76 142.21 63.69 72.90 5.16 5.88 8.36 9.28 144.20

49 Amtech Electronics (India) Ltd.Control instrumentation & industrial electronics

31.25 56.77 26.66 49.89 87.88% 4.28 6.67 7.48 2.00 3.18 5.60% 59.10 72.53 115.53 130.04 70.98 55.31 22.07 22.22 22.82 22.83 144.70

50 Poly Medicure Ltd. Medical equipment 112.14 135.61 74.90 89.63 66.09% 54.87 58.12 1.54 18.27 29.64 21.86% 50.69 53.89 63.26 83.42 84.03 95.69 9.90 9.55 19.81 18.55 146.30

51 Mazda Ltd. Domestic appliances (Electro-mechanical) 80.34 80.5 53.19 56.54 70.24% 12.64 13.24 4.27 15.86 16.05 19.94% 65.11 74.21 64.54 69.02 72.52 76.53 35.01 23.43 49.43 37.95 146.50

52 Nelco Ltd. Voltage stabilisers / regulators 336.00 136.63 158.77 72.96 53.40% 21.84 20.88 3.49 38.66 45.42 33.24% 160.37 348.20 130.29 135.93 36.52 72.27 17.97 28.59 23.51 45.51 148.50

53Honeywell Electrical Devices & Systems India Ltd.

Switches, nec 97.31 112.41 45.48 47.01 41.82% 13.95 13.40 3.51 3.76 10.09 8.98% 60.40 45.33 55.84 75.25 56.86 51.88 18.98 17.13 60.83 54.70 149.50

54 United Telecoms Ltd. Communication & broadcasting equipment 179.25 276.18 118.53 196.66 71.21% 112.26 139.21 1.41 129.42 92.84 33.62% 288.40 200.21 332.92 334.83 35.86 33.52 39.39 92.16 50.32 106.16 150.80

55 Kanchan International Ltd. Non-electric cooking appliances 33.09 35.27 24.00 24.02 68.10% 5.35 5.17 4.65 2.17 1.13 3.20% 165.23 173.24 133.97 83.38 59.27 76.82 13.28 15.76 37.73 52.28 153.20

56 Portescap India Pvt. Ltd. Other electronic components 184.03 173.82 98.18 89.32 51.39% 16.71 33.44 2.67 56.43 48.74 28.04% 59.55 62.02 91.64 136.60 100.41 103.18 3.11 8.13 17.79 30.16 153.30

57 Punjab Communications Ltd. Communication & broadcasting equipment 129.88 111.35 16.41 15.68 14.08% 7.25 6.49 2.42 3.68 2.15 1.93% 64.37 88.44 98.88 131.23 165.30 215.81 3.51 6.91 8.89 5.68 153.70

58 B P L Telecom Pvt. Ltd. Power line carrier communication equip. 52.96 76.86 32.19 48.82 63.52% 34.60 29.96 1.63 0.89 13.01 16.93% 381.14 280.19 264.18 189.13 178.59 108.61 11.29 5.10 91.84 43.14 154.20

59 Frick India Ltd. Freezers 76.56 89.91 61.75 73.65 81.92% 6.06 7.10 10.37 9.31 12.86 14.30% 60.07 53.32 95.10 98.86 77.17 79.74 19.11 22.14 24.97 28.26 158.60

60 Teletube Electronics Ltd. CR tubes 16.36 10.05 11.31 9.52 94.73% 3.38 2.64 3.61 2.41 1.51 15.02% 55.54 58.01 290.68 897.50 66.43 31.44 19.81 47.36 28.24 54.21 160.70

61 Fine-Line Circuits Ltd. Printed circuit boards 28.14 20.22 24.45 17.54 86.75% 3.19 2.62 6.69 0.46 0.07 0.35% 52.34 66.38 51.38 42.23 79.52 96.05 12.24 17.73 24.80 30.69 161.70

62 Ruttonsha International Rectifier Ltd. Semiconductor devices 21.99 19.84 16.43 15.79 79.59% 14.70 14.08 1.12 4.44 4.01 20.21% 95.43 115.03 40.16 71.30 42.91 61.26 23.54 50.20 27.33 59.19 162.70

63Siemens Healthcare Diagnostics Ltd. [Merged]

Medical equipment 167.38 176.02 31.01 25.41 14.44% 65.65 63.34 0.40 29.88 41.80 23.75% 88.56 94.43 235.64 183.95 57.99 100.62 2.21 1.29 81.45 93.40 164.30

64 Centenial Surgical Suture Ltd. Surgical equipment 47.28 46.27 30.67 28.39 61.36% 5.65 4.98 5.70 4.96 4.47 9.66% 96.76 106.69 114.42 139.10 70.73 116.87 3.14 3.68 61.60 78.14 166.60

65 Inor Medical Products Ltd. Medical electronic equipment, nec 15.24 15.3 7.49 6.71 43.86% 2.28 3.36 2.00 1.47 1.56 10.20% 87.31 67.52 141.86 145.78 19.90 34.60 47.31 64.03 154.43 132.08 166.80

66 Kavveri Telecom Products Ltd. Broadcasting equipment 180.07 200.74 137.62 41.79 20.82% 31.09 43.62 0.96 27.91 56.66 28.23% 101.11 146.04 76.85 73.32 6.29 137.62 0.91 23.51 13.74 41.14 167.40

67 Centum Rakon India Pvt. Ltd. Electronic components 27.92 50.69 21.24 40.70 80.29% 38.21 37.24 1.09 2.27 8.53 16.83% 92.22 91.12 156.00 116.55 57.65 55.52 59.63 40.43 61.65 41.44 167.70

68 A E & E Chennai Works Pvt. Ltd. Coils 42.17 25.25 30.44 17.52 69.39% 91.09 92.41 0.19 3.24 3.29 13.03% 37.24 62.07 46.26 64.95 50.21 122.64 1.65 7.86 18.12 41.04 169.60

69 S P E L Semiconductor Ltd. Integrated circuits 81.16 87.15 54.75 63.81 73.22% 116.45 112.09 0.57 21.15 19.63 22.52% 20.60 26.39 75.80 68.32 71.46 58.47 46.11 44.11 50.47 48.47 172.80

70 Arklite Speciality Lamps Ltd. Fluorescent lamps 9.77 13.58 9.02 12.23 90.06% 4.85 4.54 2.69 0.52 1.57 11.56% 98.05 69.49 149.02 97.75 79.78 63.66 44.18 39.21 61.88 46.06 174.00

71 E M I Transmission Ltd. Transmission equipment 229.78 257.59 122.78 197.71 76.75% 23.85 50.79 3.89 66.14 73.51 28.54% 144.32 174.81 152.02 144.51 86.25 72.89 76.36 133.54 52.26 133.74 178.30

72 M I C Electronics Ltd. Display devices 234.71 223.12 164.20 159.16 71.33% 42.87 99.04 1.61 74.88 73.90 33.12% 213.89 203.61 97.74 106.21 45.32 77.90 42.02 107.46 42.76 109.78 180.20

73 Billets Elektro Werke Ltd. Connectors 33.01 24.36 22.31 20.74 85.14% 6.19 20.68 1.00 5.72 2.58 10.59% 44.41 65.67 45.91 112.80 31.16 49.39 43.90 45.34 59.34 58.45 180.60

74 Rexnord Electronics & Controls Ltd. Instrument cooling fans 14.89 20.88 11.69 16.51 79.07% 4.06 4.42 3.74 1.81 1.37 6.56% 76.46 51.89 82.67 113.40 63.04 51.65 88.01 52.73 99.01 62.01 183.10

75 Centum Electronics Ltd. Hybrid integrated circuits 21.41 107.04 13.24 87.37 81.62% 15.13 37.20 2.35 3.27 9.60 8.97% 28.23 52.26 173.25 114.01 241.57 87.88 87.18 27.12 100.95 28.30 185.60

76 Fibcom India Ltd. Line communication equipment 80.08 77.63 72.28 74.26 95.66% 36.91 47.81 1.55 2.89 3.05 3.93% 276.51 212.39 124.51 123.44 150.08 136.86 18.19 19.62 24.46 34.02 188.50

77 V X L Instruments Ltd. Computer terminals 80.29 76.55 48.50 34.35 44.87% 24.63 24.77 1.39 3.08 2.71 3.54% 188.17 170.92 145.17 117.52 71.46 111.38 36.56 26.10 55.74 48.05 189.40

78 Mro-Tek Ltd. Communication & broadcasting equipment 124.68 77.13 76.27 43.27 56.10% 28.67 26.69 1.62 7.15 1.46 1.89% 70.37 90.43 55.46 74.56 71.53 147.89 13.64 13.74 71.54 70.95 190.40

79 Shyam Telecom Ltd. Transmission equipment 184.50 291.39 34.87 43.36 14.88% 39.26 37.33 1.16 7.51 0.69 0.24% 195.34 116.86 228.68 145.84 207.74 192.71 19.02 22.01 20.76 32.52 191.70

80 Artificial Limbs Mfg. Corpn. Of India Therapy equipment 55.73 63.06 43.71 42.92 68.06% 13.55 12.81 3.35 5.07 5.42 8.59% 102.41 101.88 173.27 205.42 120.31 130.43 21.36 16.43 74.65 73.49 197.00

81 Precision Electronics Ltd. Printed circuit boards 38.57 29.74 23.26 18.44 62.00% 25.93 24.68 0.75 4.97 2.99 10.05% 85.31 117.70 75.08 44.15 87.62 152.02 99.90 81.47 107.59 87.97 201.50

82 Aplab Ltd.Control instrumentation & industrial electronics

103.89 97.93 84.73 93.83 95.81% 16.80 15.06 6.23 8.12 0.35 0.36% 101.77 104.10 96.39 105.95 124.28 115.75 27.40 39.30 46.33 59.48 205.30

83 Semi-Conductor Laboratory Semiconductor devices 44.17 45.25 30.22 39.77 87.89% 32.86 29.50 1.35 12.60 5.29 11.69% 151.10 136.32 178.80 1547.22 450.01 489.33 8.24 19.74 39.68 38.35 207.20

84 Webfil Ltd. Filaments / electrodes 21.40 22.28 16.75 17.08 76.66% 1.90 1.70 10.05 2.25 2.10 9.43% 175.43 159.12 71.78 93.42 251.29 265.51 116.73 138.42 151.39 166.23 210.50

85 Asian Electronics Ltd. Electronic components 208.65 220.96 101.50 88.88 40.22% 42.37 37.84 2.35 37.56 35.69 16.15% 663.33 594.60 297.13 267.42 188.38 186.72 151.45 158.22 249.20 232.66 212.10

86 Astra Microwave Products Ltd. Microwave passive components 112.45 102.21 69.47 70.45 68.93% 81.41 94.75 0.74 29.98 23.84 23.32% 208.12 238.39 189.89 293.65 147.93 173.61 60.87 73.37 73.61 80.02 212.70

87 Valiant Communications Ltd. Communication & broadcasting equipment 11.11 10.24 7.60 7.62 74.41% 5.66 5.27 1.45 3.51 2.43 23.73% 26.28 46.34 24.38 21.15 294.06 311.12 142.76 160.34 150.51 171.36 222.30

F E R R O U S M E T A L S

1 Rajratan Global Wire Ltd. Wires & ropes of iron & steel 145.34 149.08 119.24 113.33 76.02% 43.85 42.86 2.64 17.86 21.29 14.28% 58.80 66.51 8.58 6.91 16.83 18.61 1.71 1.93 5.84 5.80 89.20

2 Sri Rama Vilas Service Ltd. Articles of iron & steel 17.32 13.42 9.54 8.59 64.01% 1.25 1.12 7.67 4.18 3.31 24.66% 62.06 68.95 70.29 94.79 5.11 4.53 10.08 9.96 17.74 16.79 106.10

3 Bhagwati Autocast Ltd. Cast iron castings 56.74 52.38 51.14 46.96 89.65% 5.60 13.95 3.37 4.61 4.94 9.43% 90.60 99.70 51.96 81.63 13.44 15.05 1.85 2.37 6.74 7.57 114.60

4 Metal Coatings (India) Ltd. Articles of iron & steel 96.90 90.63 91.38 85.35 94.17% 7.06 6.73 12.68 3.31 3.76 4.15% 48.79 53.69 2.64 3.11 17.80 12.95 10.77 8.01 12.79 10.65 119.80

5 Unique Structures & Towers Ltd. Structures 74.45 75.48 58.31 61.35 81.28% 7.91 8.31 7.38 6.04 6.23 8.25% 84.79 100.83 53.96 29.18 29.22 23.07 2.50 1.84 26.94 22.94 120.30

6 Kundil Ispat Ltd. Bars & rods 68.10 75.84 67.36 69.91 92.18% 5.44 5.50 12.71 1.96 2.06 2.72% 40.31 30.14 18.27 4.28 3.97 12.47 0.14 0.16 33.89 29.36 131.70

7 Garg Furnace Ltd. Stainless steel ingots 146.48 147.01 100.67 87.74 59.68% 5.26 6.10 14.38 3.22 4.03 2.74% 80.53 63.57 40.18 46.25 23.94 30.02 1.04 1.56 10.50 13.37 134.60

8 Rolcon Engineering Co. Ltd. Chains & anchors of iron & steel 32.58 28.61 26.59 23.62 82.56% 4.03 4.13 5.72 3.77 3.21 11.22% 36.46 46.91 57.41 78.97 20.89 20.45 2.46 3.88 2.71 4.26 136.50

9 Gunnebo India Ltd. Metal furnitures & fixtures 120.32 130.69 83.07 81.57 62.41% 13.68 10.34 7.89 7.91 12.93 9.89% 93.34 85.63 69.87 92.23 24.17 22.61 6.34 4.67 27.91 22.27 138.60

10 Sarthak Industries Ltd. LPG cylinders & other gas containers 48.64 57.1 6.62 14.70 25.74% 2.60 2.86 5.14 1.46 1.44 2.52% 361.29 172.42 381.54 103.32 49.83 29.68 16.15 8.48 3.45 7.04 145.00

11 Singhal Strips Ltd. Cold rolled coils, strips, sheets 26.68 31.36 20.77 30.13 96.08% 1.06 1.23 24.50 1.38 1.31 4.18% 61.80 63.14 182.96 118.09 4.99 11.03 42.01 5.97 49.96 12.63 145.20

12 Stelco Ltd. Flat products 76.53 86.29 66.51 80.29 93.05% 6.23 7.23 11.11 6.10 9.88 11.45% 65.71 81.56 2.36 20.09 30.03 19.58 10.80 17.66 21.94 30.83 147.40

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 93www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

46 Cosmo Ferrites Ltd. Soft ferrites 29.31 37.53 22.73 26.61 70.90% 32.66 30.14 0.88 3.30 6.71 17.88% 45.34 38.37 58.24 48.86 58.57 40.52 26.74 24.55 56.07 39.84 141.70

47 Incap Ltd. Electrolytic capacitors 11.52 12.57 9.55 10.68 84.96% 3.17 2.79 3.83 1.35 1.52 12.09% 67.10 70.66 41.53 58.93 120.14 102.07 5.74 3.20 49.34 33.02 141.90

48 Avichal Buildcon Pvt. Ltd. Laminates 22.33 20.68 21.58 18.25 88.25% 36.70 32.60 0.56 -0.08 0.85 4.11% 43.90 98.41 147.76 142.21 63.69 72.90 5.16 5.88 8.36 9.28 144.20

49 Amtech Electronics (India) Ltd.Control instrumentation & industrial electronics

31.25 56.77 26.66 49.89 87.88% 4.28 6.67 7.48 2.00 3.18 5.60% 59.10 72.53 115.53 130.04 70.98 55.31 22.07 22.22 22.82 22.83 144.70

50 Poly Medicure Ltd. Medical equipment 112.14 135.61 74.90 89.63 66.09% 54.87 58.12 1.54 18.27 29.64 21.86% 50.69 53.89 63.26 83.42 84.03 95.69 9.90 9.55 19.81 18.55 146.30

51 Mazda Ltd. Domestic appliances (Electro-mechanical) 80.34 80.5 53.19 56.54 70.24% 12.64 13.24 4.27 15.86 16.05 19.94% 65.11 74.21 64.54 69.02 72.52 76.53 35.01 23.43 49.43 37.95 146.50

52 Nelco Ltd. Voltage stabilisers / regulators 336.00 136.63 158.77 72.96 53.40% 21.84 20.88 3.49 38.66 45.42 33.24% 160.37 348.20 130.29 135.93 36.52 72.27 17.97 28.59 23.51 45.51 148.50

53Honeywell Electrical Devices & Systems India Ltd.

Switches, nec 97.31 112.41 45.48 47.01 41.82% 13.95 13.40 3.51 3.76 10.09 8.98% 60.40 45.33 55.84 75.25 56.86 51.88 18.98 17.13 60.83 54.70 149.50

54 United Telecoms Ltd. Communication & broadcasting equipment 179.25 276.18 118.53 196.66 71.21% 112.26 139.21 1.41 129.42 92.84 33.62% 288.40 200.21 332.92 334.83 35.86 33.52 39.39 92.16 50.32 106.16 150.80

55 Kanchan International Ltd. Non-electric cooking appliances 33.09 35.27 24.00 24.02 68.10% 5.35 5.17 4.65 2.17 1.13 3.20% 165.23 173.24 133.97 83.38 59.27 76.82 13.28 15.76 37.73 52.28 153.20

56 Portescap India Pvt. Ltd. Other electronic components 184.03 173.82 98.18 89.32 51.39% 16.71 33.44 2.67 56.43 48.74 28.04% 59.55 62.02 91.64 136.60 100.41 103.18 3.11 8.13 17.79 30.16 153.30

57 Punjab Communications Ltd. Communication & broadcasting equipment 129.88 111.35 16.41 15.68 14.08% 7.25 6.49 2.42 3.68 2.15 1.93% 64.37 88.44 98.88 131.23 165.30 215.81 3.51 6.91 8.89 5.68 153.70

58 B P L Telecom Pvt. Ltd. Power line carrier communication equip. 52.96 76.86 32.19 48.82 63.52% 34.60 29.96 1.63 0.89 13.01 16.93% 381.14 280.19 264.18 189.13 178.59 108.61 11.29 5.10 91.84 43.14 154.20

59 Frick India Ltd. Freezers 76.56 89.91 61.75 73.65 81.92% 6.06 7.10 10.37 9.31 12.86 14.30% 60.07 53.32 95.10 98.86 77.17 79.74 19.11 22.14 24.97 28.26 158.60

60 Teletube Electronics Ltd. CR tubes 16.36 10.05 11.31 9.52 94.73% 3.38 2.64 3.61 2.41 1.51 15.02% 55.54 58.01 290.68 897.50 66.43 31.44 19.81 47.36 28.24 54.21 160.70

61 Fine-Line Circuits Ltd. Printed circuit boards 28.14 20.22 24.45 17.54 86.75% 3.19 2.62 6.69 0.46 0.07 0.35% 52.34 66.38 51.38 42.23 79.52 96.05 12.24 17.73 24.80 30.69 161.70

62 Ruttonsha International Rectifier Ltd. Semiconductor devices 21.99 19.84 16.43 15.79 79.59% 14.70 14.08 1.12 4.44 4.01 20.21% 95.43 115.03 40.16 71.30 42.91 61.26 23.54 50.20 27.33 59.19 162.70

63Siemens Healthcare Diagnostics Ltd. [Merged]

Medical equipment 167.38 176.02 31.01 25.41 14.44% 65.65 63.34 0.40 29.88 41.80 23.75% 88.56 94.43 235.64 183.95 57.99 100.62 2.21 1.29 81.45 93.40 164.30

64 Centenial Surgical Suture Ltd. Surgical equipment 47.28 46.27 30.67 28.39 61.36% 5.65 4.98 5.70 4.96 4.47 9.66% 96.76 106.69 114.42 139.10 70.73 116.87 3.14 3.68 61.60 78.14 166.60

65 Inor Medical Products Ltd. Medical electronic equipment, nec 15.24 15.3 7.49 6.71 43.86% 2.28 3.36 2.00 1.47 1.56 10.20% 87.31 67.52 141.86 145.78 19.90 34.60 47.31 64.03 154.43 132.08 166.80

66 Kavveri Telecom Products Ltd. Broadcasting equipment 180.07 200.74 137.62 41.79 20.82% 31.09 43.62 0.96 27.91 56.66 28.23% 101.11 146.04 76.85 73.32 6.29 137.62 0.91 23.51 13.74 41.14 167.40

67 Centum Rakon India Pvt. Ltd. Electronic components 27.92 50.69 21.24 40.70 80.29% 38.21 37.24 1.09 2.27 8.53 16.83% 92.22 91.12 156.00 116.55 57.65 55.52 59.63 40.43 61.65 41.44 167.70

68 A E & E Chennai Works Pvt. Ltd. Coils 42.17 25.25 30.44 17.52 69.39% 91.09 92.41 0.19 3.24 3.29 13.03% 37.24 62.07 46.26 64.95 50.21 122.64 1.65 7.86 18.12 41.04 169.60

69 S P E L Semiconductor Ltd. Integrated circuits 81.16 87.15 54.75 63.81 73.22% 116.45 112.09 0.57 21.15 19.63 22.52% 20.60 26.39 75.80 68.32 71.46 58.47 46.11 44.11 50.47 48.47 172.80

70 Arklite Speciality Lamps Ltd. Fluorescent lamps 9.77 13.58 9.02 12.23 90.06% 4.85 4.54 2.69 0.52 1.57 11.56% 98.05 69.49 149.02 97.75 79.78 63.66 44.18 39.21 61.88 46.06 174.00

71 E M I Transmission Ltd. Transmission equipment 229.78 257.59 122.78 197.71 76.75% 23.85 50.79 3.89 66.14 73.51 28.54% 144.32 174.81 152.02 144.51 86.25 72.89 76.36 133.54 52.26 133.74 178.30

72 M I C Electronics Ltd. Display devices 234.71 223.12 164.20 159.16 71.33% 42.87 99.04 1.61 74.88 73.90 33.12% 213.89 203.61 97.74 106.21 45.32 77.90 42.02 107.46 42.76 109.78 180.20

73 Billets Elektro Werke Ltd. Connectors 33.01 24.36 22.31 20.74 85.14% 6.19 20.68 1.00 5.72 2.58 10.59% 44.41 65.67 45.91 112.80 31.16 49.39 43.90 45.34 59.34 58.45 180.60

74 Rexnord Electronics & Controls Ltd. Instrument cooling fans 14.89 20.88 11.69 16.51 79.07% 4.06 4.42 3.74 1.81 1.37 6.56% 76.46 51.89 82.67 113.40 63.04 51.65 88.01 52.73 99.01 62.01 183.10

75 Centum Electronics Ltd. Hybrid integrated circuits 21.41 107.04 13.24 87.37 81.62% 15.13 37.20 2.35 3.27 9.60 8.97% 28.23 52.26 173.25 114.01 241.57 87.88 87.18 27.12 100.95 28.30 185.60

76 Fibcom India Ltd. Line communication equipment 80.08 77.63 72.28 74.26 95.66% 36.91 47.81 1.55 2.89 3.05 3.93% 276.51 212.39 124.51 123.44 150.08 136.86 18.19 19.62 24.46 34.02 188.50

77 V X L Instruments Ltd. Computer terminals 80.29 76.55 48.50 34.35 44.87% 24.63 24.77 1.39 3.08 2.71 3.54% 188.17 170.92 145.17 117.52 71.46 111.38 36.56 26.10 55.74 48.05 189.40

78 Mro-Tek Ltd. Communication & broadcasting equipment 124.68 77.13 76.27 43.27 56.10% 28.67 26.69 1.62 7.15 1.46 1.89% 70.37 90.43 55.46 74.56 71.53 147.89 13.64 13.74 71.54 70.95 190.40

79 Shyam Telecom Ltd. Transmission equipment 184.50 291.39 34.87 43.36 14.88% 39.26 37.33 1.16 7.51 0.69 0.24% 195.34 116.86 228.68 145.84 207.74 192.71 19.02 22.01 20.76 32.52 191.70

80 Artificial Limbs Mfg. Corpn. Of India Therapy equipment 55.73 63.06 43.71 42.92 68.06% 13.55 12.81 3.35 5.07 5.42 8.59% 102.41 101.88 173.27 205.42 120.31 130.43 21.36 16.43 74.65 73.49 197.00

81 Precision Electronics Ltd. Printed circuit boards 38.57 29.74 23.26 18.44 62.00% 25.93 24.68 0.75 4.97 2.99 10.05% 85.31 117.70 75.08 44.15 87.62 152.02 99.90 81.47 107.59 87.97 201.50

82 Aplab Ltd.Control instrumentation & industrial electronics

103.89 97.93 84.73 93.83 95.81% 16.80 15.06 6.23 8.12 0.35 0.36% 101.77 104.10 96.39 105.95 124.28 115.75 27.40 39.30 46.33 59.48 205.30

83 Semi-Conductor Laboratory Semiconductor devices 44.17 45.25 30.22 39.77 87.89% 32.86 29.50 1.35 12.60 5.29 11.69% 151.10 136.32 178.80 1547.22 450.01 489.33 8.24 19.74 39.68 38.35 207.20

84 Webfil Ltd. Filaments / electrodes 21.40 22.28 16.75 17.08 76.66% 1.90 1.70 10.05 2.25 2.10 9.43% 175.43 159.12 71.78 93.42 251.29 265.51 116.73 138.42 151.39 166.23 210.50

85 Asian Electronics Ltd. Electronic components 208.65 220.96 101.50 88.88 40.22% 42.37 37.84 2.35 37.56 35.69 16.15% 663.33 594.60 297.13 267.42 188.38 186.72 151.45 158.22 249.20 232.66 212.10

86 Astra Microwave Products Ltd. Microwave passive components 112.45 102.21 69.47 70.45 68.93% 81.41 94.75 0.74 29.98 23.84 23.32% 208.12 238.39 189.89 293.65 147.93 173.61 60.87 73.37 73.61 80.02 212.70

87 Valiant Communications Ltd. Communication & broadcasting equipment 11.11 10.24 7.60 7.62 74.41% 5.66 5.27 1.45 3.51 2.43 23.73% 26.28 46.34 24.38 21.15 294.06 311.12 142.76 160.34 150.51 171.36 222.30

F E R R O U S M E T A L S

1 Rajratan Global Wire Ltd. Wires & ropes of iron & steel 145.34 149.08 119.24 113.33 76.02% 43.85 42.86 2.64 17.86 21.29 14.28% 58.80 66.51 8.58 6.91 16.83 18.61 1.71 1.93 5.84 5.80 89.20

2 Sri Rama Vilas Service Ltd. Articles of iron & steel 17.32 13.42 9.54 8.59 64.01% 1.25 1.12 7.67 4.18 3.31 24.66% 62.06 68.95 70.29 94.79 5.11 4.53 10.08 9.96 17.74 16.79 106.10

3 Bhagwati Autocast Ltd. Cast iron castings 56.74 52.38 51.14 46.96 89.65% 5.60 13.95 3.37 4.61 4.94 9.43% 90.60 99.70 51.96 81.63 13.44 15.05 1.85 2.37 6.74 7.57 114.60

4 Metal Coatings (India) Ltd. Articles of iron & steel 96.90 90.63 91.38 85.35 94.17% 7.06 6.73 12.68 3.31 3.76 4.15% 48.79 53.69 2.64 3.11 17.80 12.95 10.77 8.01 12.79 10.65 119.80

5 Unique Structures & Towers Ltd. Structures 74.45 75.48 58.31 61.35 81.28% 7.91 8.31 7.38 6.04 6.23 8.25% 84.79 100.83 53.96 29.18 29.22 23.07 2.50 1.84 26.94 22.94 120.30

6 Kundil Ispat Ltd. Bars & rods 68.10 75.84 67.36 69.91 92.18% 5.44 5.50 12.71 1.96 2.06 2.72% 40.31 30.14 18.27 4.28 3.97 12.47 0.14 0.16 33.89 29.36 131.70

7 Garg Furnace Ltd. Stainless steel ingots 146.48 147.01 100.67 87.74 59.68% 5.26 6.10 14.38 3.22 4.03 2.74% 80.53 63.57 40.18 46.25 23.94 30.02 1.04 1.56 10.50 13.37 134.60

8 Rolcon Engineering Co. Ltd. Chains & anchors of iron & steel 32.58 28.61 26.59 23.62 82.56% 4.03 4.13 5.72 3.77 3.21 11.22% 36.46 46.91 57.41 78.97 20.89 20.45 2.46 3.88 2.71 4.26 136.50

9 Gunnebo India Ltd. Metal furnitures & fixtures 120.32 130.69 83.07 81.57 62.41% 13.68 10.34 7.89 7.91 12.93 9.89% 93.34 85.63 69.87 92.23 24.17 22.61 6.34 4.67 27.91 22.27 138.60

10 Sarthak Industries Ltd. LPG cylinders & other gas containers 48.64 57.1 6.62 14.70 25.74% 2.60 2.86 5.14 1.46 1.44 2.52% 361.29 172.42 381.54 103.32 49.83 29.68 16.15 8.48 3.45 7.04 145.00

11 Singhal Strips Ltd. Cold rolled coils, strips, sheets 26.68 31.36 20.77 30.13 96.08% 1.06 1.23 24.50 1.38 1.31 4.18% 61.80 63.14 182.96 118.09 4.99 11.03 42.01 5.97 49.96 12.63 145.20

12 Stelco Ltd. Flat products 76.53 86.29 66.51 80.29 93.05% 6.23 7.23 11.11 6.10 9.88 11.45% 65.71 81.56 2.36 20.09 30.03 19.58 10.80 17.66 21.94 30.83 147.40

ELECTRON

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small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 96: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com94 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

13 Bansal High Carbons Pvt. Ltd. Wires & ropes of iron & steel 134.28 168.32 131.42 163.61 97.20% 6.13 7.44 21.99 3.23 3.13 1.86% 21.17 16.71 5.59 4.79 24.55 20.52 6.21 5.18 9.43 7.75 149.60

14 R R L Steels Ltd. Castings 22.83 29.44 17.08 17.39 59.07% 1.73 2.91 5.98 3.75 8.44 28.67% 129.99 106.00 12.41 29.88 19.85 16.55 47.92 46.45 49.27 47.74 150.30

15 Vardhman Industries Ltd. Cold rolled coils, strips, sheets 296.77 283.82 265.47 260.84 91.90% 45.31 51.25 5.09 11.57 18.14 6.39% 56.69 54.37 23.61 27.35 18.45 22.52 1.94 2.68 22.91 22.74 154.20

16 W M W Metal Fabrics Ltd. Stainless steel wires 5.92 10.13 5.23 8.82 87.07% 0.38 0.75 11.76 0.20 0.38 3.75% 26.15 15.50 22.39 37.53 14.96 14.73 7.33 6.20 34.71 23.47 154.20

17 Universal Cylinders Ltd. LPG cylinders & other gas containers 12.76 24.89 11.62 20.99 84.33% 5.17 5.23 4.01 0.87 2.90 11.65% 76.04 35.62 81.23 41.48 16.24 16.35 16.71 13.43 21.66 16.74 154.80

18 British Scaffolding (India) Ltd. Other articles of iron & steel 75.54 65.85 64.71 53.15 80.71% 12.07 11.61 4.58 5.77 6.57 9.98% 77.96 88.99 11.82 17.96 15.95 20.26 15.15 12.65 43.62 43.19 155.90

19 Rampur Engineering Co. Ltd. Other articles of iron & steel 11.20 10.32 9.25 9.50 92.05% 0.17 0.17 55.88 1.04 0.71 6.88% 137.13 127.22 141.78 144.85 20.66 13.80 20.21 18.67 20.75 19.32 156.20

20 Vallabh Steels Ltd. Galvanised pipes 303.01 248.78 284.19 237.72 95.55% 17.96 20.60 11.54 9.70 8.54 3.43% 59.67 73.50 31.72 40.38 24.09 25.67 9.83 7.69 16.76 15.99 157.90

21 Ashiana Ispat Ltd. Bars & rods 208.75 192.78 194.22 180.77 93.77% 10.19 11.93 15.15 7.67 8.13 4.22% 38.52 44.74 29.59 45.96 17.80 33.42 0.25 0.24 3.38 4.44 158.00

22 J V Strips Ltd. Cold rolled coils, strips, sheets 152.30 179.31 146.35 175.59 97.93% 8.27 7.49 23.44 4.60 5.66 3.16% 40.14 42.27 3.04 2.40 18.85 19.88 12.81 12.48 14.59 15.48 158.00

23 Mannohar Lal Hira Lal Ltd. Wires & ropes of iron & steel 87.98 86.4 79.02 80.89 93.62% 4.66 4.46 18.14 4.65 5.52 6.39% 19.09 25.97 16.50 19.40 16.02 23.07 6.69 7.47 13.85 16.37 159.00

24 D C M Engineering Ltd. S.G. iron castings 274.07 286.54 253.52 260.26 90.83% 63.38 56.39 4.62 12.19 45.37 15.83% 61.15 61.63 19.51 32.34 37.52 34.63 7.53 9.44 8.30 10.09 163.30

25 Sterling Tools Ltd. Screws, bolts, nuts, rivets, washers, etc. 149.69 178.97 121.11 140.68 78.61% 78.46 76.66 1.84 15.68 30.27 16.91% 66.91 58.04 31.11 27.89 32.51 24.35 14.54 11.07 27.82 30.25 164.10

26 Rajasthan Cylinders & Containers Ltd. LPG cylinders & other gas containers 16.16 50.03 15.72 46.60 93.14% 9.18 9.08 5.13 1.49 2.67 5.34% 56.59 17.26 46.20 26.98 33.08 21.33 14.32 7.19 25.27 13.82 165.90

27 Unison Metals Ltd. Cold rolled coils, strips, sheets 38.04 32.65 35.64 31.77 97.30% 5.09 5.30 5.99 1.82 3.21 9.83% 51.73 51.16 28.60 55.34 15.32 11.14 9.62 15.11 15.20 27.60 168.20

28 I U P Jindal Metals & Alloys Ltd. Cold rolled coils, strips, sheets 104.68 92.23 94.14 83.35 90.37% 63.24 59.88 1.39 -2.24 7.42 8.05% 84.87 78.83 77.12 94.52 14.52 13.84 20.02 11.58 34.33 19.96 172.90

29 Varsha Forgings Ltd. Forgings 13.46 22.77 11.82 20.75 91.13% 1.90 3.20 6.48 1.05 2.93 12.87% 127.27 93.35 23.47 72.91 30.15 20.29 11.96 22.24 35.01 34.44 176.70

30 Balaji Industrial Products Ltd. Castings 148.05 116.3 122.86 93.89 80.73% 18.62 23.49 4.00 14.42 12.90 11.09% 67.19 89.08 21.86 43.94 46.73 42.26 1.10 1.45 35.39 28.68 178.20

31 Eurocoustic Products Ltd. Metal furnitures & fixtures 21.44 27.9 15.07 18.60 66.67% 2.12 2.03 9.16 3.87 6.22 22.29% 100.80 113.91 106.00 131.03 70.46 61.32 8.76 7.18 10.31 8.35 179.30

32 Minex Metallurgical Co. Pvt. Ltd. Wires & ropes of iron & steel 225.60 235.97 193.80 205.91 87.26% 19.78 20.67 9.96 19.95 21.06 8.92% 61.02 62.98 17.00 21.47 40.17 46.84 1.93 1.66 20.88 23.39 181.20

33 Bansal Wire Inds. Ltd. Stainless steel wires 145.71 157.59 137.35 145.30 92.20% 18.55 33.36 4.36 7.76 8.95 5.68% 27.53 33.71 5.71 7.05 36.38 33.48 9.35 6.94 16.74 15.21 182.20

34 B P Alloys Ltd. Flat products 38.88 27.18 36.18 26.18 96.32% 1.62 1.46 17.93 1.03 0.92 3.38% 61.06 86.97 68.16 95.63 33.99 31.20 3.90 6.79 11.76 17.20 184.70

35 J B M Industries Ltd. LPG cylinders & other gas containers 51.41 68.61 44.95 61.11 89.07% 18.78 23.16 2.64 4.91 5.81 8.47% 64.46 60.08 80.36 59.75 65.52 27.52 19.35 13.12 21.05 14.81 185.10

36 Mahaveer Cylinders Ltd. LPG cylinders & other gas containers 12.60 22.85 11.59 21.75 95.19% 2.49 3.04 7.15 0.61 1.48 6.48% 24.06 10.86 5.79 11.79 33.20 33.86 8.90 8.17 12.10 10.07 187.20

37 Vishal Malleables Ltd. Castings 70.82 59.61 62.85 52.48 88.04% 17.65 17.59 2.98 3.64 2.83 4.75% 53.51 81.64 72.55 94.62 16.60 18.22 12.35 11.76 31.24 32.92 188.00

38 Unitech Power Transmission Ltd. Transmission towers & structurals 95.09 95.55 75.00 74.22 77.68% 13.10 11.92 6.23 5.66 14.38 15.05% 144.98 173.81 238.37 174.38 27.66 26.60 3.20 4.32 79.73 83.38 190.80

39 Business Combine Ltd. S.G. iron castings 6.59 18.97 7.83 17.22 90.77% 1.00 1.38 12.48 -2.02 0.87 4.59% 62.30 29.59 864.64 386.49 64.49 20.30 12.66 9.18 14.92 10.09 192.00

40 Haryana Foils Ltd. Cold rolled coils, strips, sheets 69.89 95.01 67.99 94.00 98.94% 3.09 3.71 25.34 2.46 2.53 2.66% 65.87 58.80 46.77 40.86 18.55 15.34 30.17 26.63 42.51 37.88 193.70

41 Coventry Coil-O-Matic (Haryana) Ltd. Coil springs 32.70 32.6 29.26 28.74 88.16% 7.73 6.97 4.12 -1.24 1.11 3.40% 52.39 46.50 42.32 50.98 18.18 31.66 9.89 11.55 10.68 12.30 195.30

42 R S Infra-Transmission Ltd. Finished Steel (Non-Alloy Steel) 182.33 177 165.49 163.40 92.32% 11.47 17.13 9.54 12.38 10.45 5.90% 26.01 35.82 47.30 77.66 20.69 33.38 0.35 2.75 20.47 21.23 197.00

43 Facor Alloys Ltd. Ferro alloys 257.95 267.68 199.98 227.64 85.04% 18.58 17.16 13.27 44.49 25.51 9.53% 42.53 38.41 60.10 77.76 60.01 52.96 1.27 1.20 14.40 8.59 199.00

44 Midfield Industries Ltd. Articles of iron & steel 80.38 87.9 58.18 60.55 68.89% 11.65 10.45 5.79 15.14 19.07 21.70% 154.86 207.38 45.13 86.43 50.01 52.66 8.42 9.81 40.53 38.59 200.10

45 Yashraj Containeurs Ltd. Reservoirs, tanks & other fabrications 111.62 107.64 102.60 102.79 95.49% 41.29 39.45 2.61 9.36 9.44 8.77% 79.79 50.33 26.58 22.30 25.47 10.69 21.37 40.38 23.51 42.02 200.90

46 Real Strips Ltd. Stainless steel flat rolled products 132.26 227.73 122.39 217.07 95.32% 39.39 36.28 5.98 6.95 19.40 8.52% 60.25 48.70 37.55 57.14 15.67 20.17 21.20 23.43 30.66 34.59 203.00

47 Mangalam Alloys Ltd. Semi-finished Steel 111.71 118.35 107.12 109.90 92.86% 21.47 23.33 4.71 6.20 8.15 6.89% 32.66 43.46 59.76 54.26 31.81 27.58 6.13 8.49 26.63 31.02 203.30

48 Modern Steels Ltd. Bars & rods 278.05 289.13 257.71 261.82 90.55% 55.13 54.07 4.84 8.65 24.33 8.41% 46.25 56.03 37.34 35.89 35.84 39.00 10.07 11.29 17.19 21.76 204.30

49 Munjal Kiriu Inds. Pvt. Ltd. Cast iron castings 37.65 70.32 42.80 67.39 95.83% 141.61 181.32 0.37 -7.41 0.16 0.23% 75.98 51.82 173.58 108.29 27.31 21.56 3.59 5.99 5.55 9.28 205.20

50 J K Talabot Ltd. Files 17.82 16.79 11.61 11.63 69.27% 18.54 16.48 0.71 5.61 3.98 23.70% 9.69 12.45 40.36 47.69 38.80 33.50 10.87 11.28 18.57 24.90 205.40

51 Oswal Industries Ltd. Steel castings 62.86 67.35 40.83 51.46 76.41% 24.21 25.63 2.01 15.61 16.79 24.93% 109.57 97.50 55.71 58.37 35.18 32.97 34.25 26.93 54.00 53.40 210.20

52 Chase Bright Steel Ltd. Bars & rods 21.41 22.53 19.31 21.31 94.58% 1.91 1.71 12.46 0.94 0.92 4.08% 32.33 51.08 49.59 86.23 14.64 28.16 15.13 13.29 22.52 22.65 210.40

53 O C L Iron & Steel Ltd. Semi-finished Steel 211.87 190.52 182.76 172.19 90.38% 104.56 97.68 1.76 23.44 15.78 8.28% 30.26 25.71 20.10 33.48 45.20 42.33 1.31 1.18 17.81 19.89 212.90

54 Interfit India Ltd. S.G. iron castings 27.02 22.71 19.74 12.56 55.31% 5.66 5.48 2.29 4.01 1.93 8.50% 8.80 7.18 110.78 60.54 23.47 33.72 19.44 24.98 18.84 15.28 217.30

55 J C B L Ltd. Other fabricated metal products 190.59 247.39 165.25 220.58 89.16% 41.01 49.76 4.43 14.04 20.18 8.16% 52.51 45.59 74.18 64.82 16.63 15.08 48.18 34.65 58.24 44.02 217.80

56 Mayurbhanj Metals Ltd. S.G. iron castings 11.14 10.01 11.46 9.15 91.41% 0.99 0.99 9.24 -1.22 0.29 2.90% 10.76 15.89 116.11 123.72 23.70 29.72 11.09 10.97 11.55 11.57 218.30

57 Gujarat Metal Cast Inds. Ltd. Castings 24.82 29.19 20.59 23.49 80.47% 8.43 8.11 2.90 2.86 4.89 16.75% 72.34 66.34 48.61 40.16 45.27 45.63 20.18 24.12 20.79 24.81 218.60

58 Anil Special Steel Inds. Ltd. Cold rolled coils, strips, sheets 98.44 108.04 87.90 91.70 84.88% 36.80 34.44 2.66 8.79 10.99 10.17% 49.27 49.71 50.40 51.05 6.36 5.97 45.66 53.78 52.44 60.05 220.30

59 Shakti Met-Dor Ltd. Metal furnitures & fixtures 59.14 77.71 28.04 29.41 37.85% 46.39 48.65 0.60 12.00 16.94 21.80% 113.98 126.89 112.92 102.97 82.51 67.31 5.19 8.70 15.04 20.15 221.00

60 Shaifali Steels Ltd. Castings 108.66 123.57 111.30 128.76 104.20% 16.72 15.69 8.21 6.50 8.44 6.83% 135.85 127.91 77.45 59.57 9.03 8.24 55.12 80.15 55.43 80.49 223.40

61 Neco Heavy Engineering & Castings Ltd. Cast iron castings 77.86 58.14 64.05 46.72 80.36% 16.26 15.87 2.94 5.71 3.33 5.73% 69.47 80.02 46.46 42.01 31.84 37.33 28.53 26.81 40.48 37.91 228.00

62 Consite Engineering Co. Ltd. Pressed steel tanks 27.99 33.32 24.92 28.23 84.72% 5.04 4.84 5.83 1.94 2.84 8.52% 78.77 75.03 55.14 28.81 33.24 52.84 51.14 27.48 52.34 27.96 231.10

63 Sanghvi Forging & Engg. Ltd. Forgings 29.22 29.06 22.62 21.00 72.26% 10.60 10.97 1.91 5.24 5.95 20.47% 64.47 102.00 26.22 40.05 27.58 33.84 53.90 58.83 55.81 60.01 231.80

64 Patnaik Steels & Alloys Ltd. Sponge iron 94.38 108.64 66.54 81.68 75.18% 147.25 129.98 0.63 17.84 26.98 24.83% 13.10 22.33 41.10 47.27 46.88 53.35 1.81 1.67 42.37 36.27 232.80

65 Jash Engineering Ltd. Table, kitchen articles of iron & steel 45.15 63.47 35.23 45.95 72.40% 15.91 16.71 2.75 8.43 11.85 18.67% 58.91 64.16 71.38 74.05 70.98 48.40 23.71 18.41 44.57 38.80 234.10

66 Ranba Castings Ltd. Cast iron castings 38.92 36.02 34.95 33.06 91.78% 8.57 8.26 4.00 2.85 2.70 7.50% 50.32 62.74 69.53 107.20 30.36 38.41 14.23 17.02 14.53 17.38 234.30

67 Steel Products Ltd. Articles of iron & steel 62.52 50.61 52.79 43.46 85.87% 12.46 11.01 3.95 4.39 6.50 12.84% 108.65 137.81 91.65 134.40 28.70 36.31 12.08 17.72 35.91 56.32 235.90

68 Magna Electro Castings Ltd. Steel castings 63.81 39.86 47.44 27.00 67.74% 29.06 30.41 0.89 8.85 10.57 26.52% 31.82 50.32 45.82 74.98 29.51 46.66 11.83 19.11 18.87 30.02 236.60

69 Steelcast Ltd. Steel castings 131.32 96.14 105.12 79.38 82.57% 33.90 37.05 2.14 15.84 12.67 13.18% 63.77 76.92 14.11 32.96 38.03 37.29 30.70 36.10 40.17 48.86 236.70

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Page 97: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 95www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

13 Bansal High Carbons Pvt. Ltd. Wires & ropes of iron & steel 134.28 168.32 131.42 163.61 97.20% 6.13 7.44 21.99 3.23 3.13 1.86% 21.17 16.71 5.59 4.79 24.55 20.52 6.21 5.18 9.43 7.75 149.60

14 R R L Steels Ltd. Castings 22.83 29.44 17.08 17.39 59.07% 1.73 2.91 5.98 3.75 8.44 28.67% 129.99 106.00 12.41 29.88 19.85 16.55 47.92 46.45 49.27 47.74 150.30

15 Vardhman Industries Ltd. Cold rolled coils, strips, sheets 296.77 283.82 265.47 260.84 91.90% 45.31 51.25 5.09 11.57 18.14 6.39% 56.69 54.37 23.61 27.35 18.45 22.52 1.94 2.68 22.91 22.74 154.20

16 W M W Metal Fabrics Ltd. Stainless steel wires 5.92 10.13 5.23 8.82 87.07% 0.38 0.75 11.76 0.20 0.38 3.75% 26.15 15.50 22.39 37.53 14.96 14.73 7.33 6.20 34.71 23.47 154.20

17 Universal Cylinders Ltd. LPG cylinders & other gas containers 12.76 24.89 11.62 20.99 84.33% 5.17 5.23 4.01 0.87 2.90 11.65% 76.04 35.62 81.23 41.48 16.24 16.35 16.71 13.43 21.66 16.74 154.80

18 British Scaffolding (India) Ltd. Other articles of iron & steel 75.54 65.85 64.71 53.15 80.71% 12.07 11.61 4.58 5.77 6.57 9.98% 77.96 88.99 11.82 17.96 15.95 20.26 15.15 12.65 43.62 43.19 155.90

19 Rampur Engineering Co. Ltd. Other articles of iron & steel 11.20 10.32 9.25 9.50 92.05% 0.17 0.17 55.88 1.04 0.71 6.88% 137.13 127.22 141.78 144.85 20.66 13.80 20.21 18.67 20.75 19.32 156.20

20 Vallabh Steels Ltd. Galvanised pipes 303.01 248.78 284.19 237.72 95.55% 17.96 20.60 11.54 9.70 8.54 3.43% 59.67 73.50 31.72 40.38 24.09 25.67 9.83 7.69 16.76 15.99 157.90

21 Ashiana Ispat Ltd. Bars & rods 208.75 192.78 194.22 180.77 93.77% 10.19 11.93 15.15 7.67 8.13 4.22% 38.52 44.74 29.59 45.96 17.80 33.42 0.25 0.24 3.38 4.44 158.00

22 J V Strips Ltd. Cold rolled coils, strips, sheets 152.30 179.31 146.35 175.59 97.93% 8.27 7.49 23.44 4.60 5.66 3.16% 40.14 42.27 3.04 2.40 18.85 19.88 12.81 12.48 14.59 15.48 158.00

23 Mannohar Lal Hira Lal Ltd. Wires & ropes of iron & steel 87.98 86.4 79.02 80.89 93.62% 4.66 4.46 18.14 4.65 5.52 6.39% 19.09 25.97 16.50 19.40 16.02 23.07 6.69 7.47 13.85 16.37 159.00

24 D C M Engineering Ltd. S.G. iron castings 274.07 286.54 253.52 260.26 90.83% 63.38 56.39 4.62 12.19 45.37 15.83% 61.15 61.63 19.51 32.34 37.52 34.63 7.53 9.44 8.30 10.09 163.30

25 Sterling Tools Ltd. Screws, bolts, nuts, rivets, washers, etc. 149.69 178.97 121.11 140.68 78.61% 78.46 76.66 1.84 15.68 30.27 16.91% 66.91 58.04 31.11 27.89 32.51 24.35 14.54 11.07 27.82 30.25 164.10

26 Rajasthan Cylinders & Containers Ltd. LPG cylinders & other gas containers 16.16 50.03 15.72 46.60 93.14% 9.18 9.08 5.13 1.49 2.67 5.34% 56.59 17.26 46.20 26.98 33.08 21.33 14.32 7.19 25.27 13.82 165.90

27 Unison Metals Ltd. Cold rolled coils, strips, sheets 38.04 32.65 35.64 31.77 97.30% 5.09 5.30 5.99 1.82 3.21 9.83% 51.73 51.16 28.60 55.34 15.32 11.14 9.62 15.11 15.20 27.60 168.20

28 I U P Jindal Metals & Alloys Ltd. Cold rolled coils, strips, sheets 104.68 92.23 94.14 83.35 90.37% 63.24 59.88 1.39 -2.24 7.42 8.05% 84.87 78.83 77.12 94.52 14.52 13.84 20.02 11.58 34.33 19.96 172.90

29 Varsha Forgings Ltd. Forgings 13.46 22.77 11.82 20.75 91.13% 1.90 3.20 6.48 1.05 2.93 12.87% 127.27 93.35 23.47 72.91 30.15 20.29 11.96 22.24 35.01 34.44 176.70

30 Balaji Industrial Products Ltd. Castings 148.05 116.3 122.86 93.89 80.73% 18.62 23.49 4.00 14.42 12.90 11.09% 67.19 89.08 21.86 43.94 46.73 42.26 1.10 1.45 35.39 28.68 178.20

31 Eurocoustic Products Ltd. Metal furnitures & fixtures 21.44 27.9 15.07 18.60 66.67% 2.12 2.03 9.16 3.87 6.22 22.29% 100.80 113.91 106.00 131.03 70.46 61.32 8.76 7.18 10.31 8.35 179.30

32 Minex Metallurgical Co. Pvt. Ltd. Wires & ropes of iron & steel 225.60 235.97 193.80 205.91 87.26% 19.78 20.67 9.96 19.95 21.06 8.92% 61.02 62.98 17.00 21.47 40.17 46.84 1.93 1.66 20.88 23.39 181.20

33 Bansal Wire Inds. Ltd. Stainless steel wires 145.71 157.59 137.35 145.30 92.20% 18.55 33.36 4.36 7.76 8.95 5.68% 27.53 33.71 5.71 7.05 36.38 33.48 9.35 6.94 16.74 15.21 182.20

34 B P Alloys Ltd. Flat products 38.88 27.18 36.18 26.18 96.32% 1.62 1.46 17.93 1.03 0.92 3.38% 61.06 86.97 68.16 95.63 33.99 31.20 3.90 6.79 11.76 17.20 184.70

35 J B M Industries Ltd. LPG cylinders & other gas containers 51.41 68.61 44.95 61.11 89.07% 18.78 23.16 2.64 4.91 5.81 8.47% 64.46 60.08 80.36 59.75 65.52 27.52 19.35 13.12 21.05 14.81 185.10

36 Mahaveer Cylinders Ltd. LPG cylinders & other gas containers 12.60 22.85 11.59 21.75 95.19% 2.49 3.04 7.15 0.61 1.48 6.48% 24.06 10.86 5.79 11.79 33.20 33.86 8.90 8.17 12.10 10.07 187.20

37 Vishal Malleables Ltd. Castings 70.82 59.61 62.85 52.48 88.04% 17.65 17.59 2.98 3.64 2.83 4.75% 53.51 81.64 72.55 94.62 16.60 18.22 12.35 11.76 31.24 32.92 188.00

38 Unitech Power Transmission Ltd. Transmission towers & structurals 95.09 95.55 75.00 74.22 77.68% 13.10 11.92 6.23 5.66 14.38 15.05% 144.98 173.81 238.37 174.38 27.66 26.60 3.20 4.32 79.73 83.38 190.80

39 Business Combine Ltd. S.G. iron castings 6.59 18.97 7.83 17.22 90.77% 1.00 1.38 12.48 -2.02 0.87 4.59% 62.30 29.59 864.64 386.49 64.49 20.30 12.66 9.18 14.92 10.09 192.00

40 Haryana Foils Ltd. Cold rolled coils, strips, sheets 69.89 95.01 67.99 94.00 98.94% 3.09 3.71 25.34 2.46 2.53 2.66% 65.87 58.80 46.77 40.86 18.55 15.34 30.17 26.63 42.51 37.88 193.70

41 Coventry Coil-O-Matic (Haryana) Ltd. Coil springs 32.70 32.6 29.26 28.74 88.16% 7.73 6.97 4.12 -1.24 1.11 3.40% 52.39 46.50 42.32 50.98 18.18 31.66 9.89 11.55 10.68 12.30 195.30

42 R S Infra-Transmission Ltd. Finished Steel (Non-Alloy Steel) 182.33 177 165.49 163.40 92.32% 11.47 17.13 9.54 12.38 10.45 5.90% 26.01 35.82 47.30 77.66 20.69 33.38 0.35 2.75 20.47 21.23 197.00

43 Facor Alloys Ltd. Ferro alloys 257.95 267.68 199.98 227.64 85.04% 18.58 17.16 13.27 44.49 25.51 9.53% 42.53 38.41 60.10 77.76 60.01 52.96 1.27 1.20 14.40 8.59 199.00

44 Midfield Industries Ltd. Articles of iron & steel 80.38 87.9 58.18 60.55 68.89% 11.65 10.45 5.79 15.14 19.07 21.70% 154.86 207.38 45.13 86.43 50.01 52.66 8.42 9.81 40.53 38.59 200.10

45 Yashraj Containeurs Ltd. Reservoirs, tanks & other fabrications 111.62 107.64 102.60 102.79 95.49% 41.29 39.45 2.61 9.36 9.44 8.77% 79.79 50.33 26.58 22.30 25.47 10.69 21.37 40.38 23.51 42.02 200.90

46 Real Strips Ltd. Stainless steel flat rolled products 132.26 227.73 122.39 217.07 95.32% 39.39 36.28 5.98 6.95 19.40 8.52% 60.25 48.70 37.55 57.14 15.67 20.17 21.20 23.43 30.66 34.59 203.00

47 Mangalam Alloys Ltd. Semi-finished Steel 111.71 118.35 107.12 109.90 92.86% 21.47 23.33 4.71 6.20 8.15 6.89% 32.66 43.46 59.76 54.26 31.81 27.58 6.13 8.49 26.63 31.02 203.30

48 Modern Steels Ltd. Bars & rods 278.05 289.13 257.71 261.82 90.55% 55.13 54.07 4.84 8.65 24.33 8.41% 46.25 56.03 37.34 35.89 35.84 39.00 10.07 11.29 17.19 21.76 204.30

49 Munjal Kiriu Inds. Pvt. Ltd. Cast iron castings 37.65 70.32 42.80 67.39 95.83% 141.61 181.32 0.37 -7.41 0.16 0.23% 75.98 51.82 173.58 108.29 27.31 21.56 3.59 5.99 5.55 9.28 205.20

50 J K Talabot Ltd. Files 17.82 16.79 11.61 11.63 69.27% 18.54 16.48 0.71 5.61 3.98 23.70% 9.69 12.45 40.36 47.69 38.80 33.50 10.87 11.28 18.57 24.90 205.40

51 Oswal Industries Ltd. Steel castings 62.86 67.35 40.83 51.46 76.41% 24.21 25.63 2.01 15.61 16.79 24.93% 109.57 97.50 55.71 58.37 35.18 32.97 34.25 26.93 54.00 53.40 210.20

52 Chase Bright Steel Ltd. Bars & rods 21.41 22.53 19.31 21.31 94.58% 1.91 1.71 12.46 0.94 0.92 4.08% 32.33 51.08 49.59 86.23 14.64 28.16 15.13 13.29 22.52 22.65 210.40

53 O C L Iron & Steel Ltd. Semi-finished Steel 211.87 190.52 182.76 172.19 90.38% 104.56 97.68 1.76 23.44 15.78 8.28% 30.26 25.71 20.10 33.48 45.20 42.33 1.31 1.18 17.81 19.89 212.90

54 Interfit India Ltd. S.G. iron castings 27.02 22.71 19.74 12.56 55.31% 5.66 5.48 2.29 4.01 1.93 8.50% 8.80 7.18 110.78 60.54 23.47 33.72 19.44 24.98 18.84 15.28 217.30

55 J C B L Ltd. Other fabricated metal products 190.59 247.39 165.25 220.58 89.16% 41.01 49.76 4.43 14.04 20.18 8.16% 52.51 45.59 74.18 64.82 16.63 15.08 48.18 34.65 58.24 44.02 217.80

56 Mayurbhanj Metals Ltd. S.G. iron castings 11.14 10.01 11.46 9.15 91.41% 0.99 0.99 9.24 -1.22 0.29 2.90% 10.76 15.89 116.11 123.72 23.70 29.72 11.09 10.97 11.55 11.57 218.30

57 Gujarat Metal Cast Inds. Ltd. Castings 24.82 29.19 20.59 23.49 80.47% 8.43 8.11 2.90 2.86 4.89 16.75% 72.34 66.34 48.61 40.16 45.27 45.63 20.18 24.12 20.79 24.81 218.60

58 Anil Special Steel Inds. Ltd. Cold rolled coils, strips, sheets 98.44 108.04 87.90 91.70 84.88% 36.80 34.44 2.66 8.79 10.99 10.17% 49.27 49.71 50.40 51.05 6.36 5.97 45.66 53.78 52.44 60.05 220.30

59 Shakti Met-Dor Ltd. Metal furnitures & fixtures 59.14 77.71 28.04 29.41 37.85% 46.39 48.65 0.60 12.00 16.94 21.80% 113.98 126.89 112.92 102.97 82.51 67.31 5.19 8.70 15.04 20.15 221.00

60 Shaifali Steels Ltd. Castings 108.66 123.57 111.30 128.76 104.20% 16.72 15.69 8.21 6.50 8.44 6.83% 135.85 127.91 77.45 59.57 9.03 8.24 55.12 80.15 55.43 80.49 223.40

61 Neco Heavy Engineering & Castings Ltd. Cast iron castings 77.86 58.14 64.05 46.72 80.36% 16.26 15.87 2.94 5.71 3.33 5.73% 69.47 80.02 46.46 42.01 31.84 37.33 28.53 26.81 40.48 37.91 228.00

62 Consite Engineering Co. Ltd. Pressed steel tanks 27.99 33.32 24.92 28.23 84.72% 5.04 4.84 5.83 1.94 2.84 8.52% 78.77 75.03 55.14 28.81 33.24 52.84 51.14 27.48 52.34 27.96 231.10

63 Sanghvi Forging & Engg. Ltd. Forgings 29.22 29.06 22.62 21.00 72.26% 10.60 10.97 1.91 5.24 5.95 20.47% 64.47 102.00 26.22 40.05 27.58 33.84 53.90 58.83 55.81 60.01 231.80

64 Patnaik Steels & Alloys Ltd. Sponge iron 94.38 108.64 66.54 81.68 75.18% 147.25 129.98 0.63 17.84 26.98 24.83% 13.10 22.33 41.10 47.27 46.88 53.35 1.81 1.67 42.37 36.27 232.80

65 Jash Engineering Ltd. Table, kitchen articles of iron & steel 45.15 63.47 35.23 45.95 72.40% 15.91 16.71 2.75 8.43 11.85 18.67% 58.91 64.16 71.38 74.05 70.98 48.40 23.71 18.41 44.57 38.80 234.10

66 Ranba Castings Ltd. Cast iron castings 38.92 36.02 34.95 33.06 91.78% 8.57 8.26 4.00 2.85 2.70 7.50% 50.32 62.74 69.53 107.20 30.36 38.41 14.23 17.02 14.53 17.38 234.30

67 Steel Products Ltd. Articles of iron & steel 62.52 50.61 52.79 43.46 85.87% 12.46 11.01 3.95 4.39 6.50 12.84% 108.65 137.81 91.65 134.40 28.70 36.31 12.08 17.72 35.91 56.32 235.90

68 Magna Electro Castings Ltd. Steel castings 63.81 39.86 47.44 27.00 67.74% 29.06 30.41 0.89 8.85 10.57 26.52% 31.82 50.32 45.82 74.98 29.51 46.66 11.83 19.11 18.87 30.02 236.60

69 Steelcast Ltd. Steel castings 131.32 96.14 105.12 79.38 82.57% 33.90 37.05 2.14 15.84 12.67 13.18% 63.77 76.92 14.11 32.96 38.03 37.29 30.70 36.10 40.17 48.86 236.70

FERR

OUS

METALS

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Page 98: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com96 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

70 Anjaney Ferro Alloys Ltd. Ferro alloys 150.57 153.64 138.11 118.04 76.83% 24.24 21.72 5.43 5.48 26.63 17.33% 11.83 16.54 38.25 61.25 53.07 126.06 0.67 0.92 9.76 10.50 238.20

71 Richardson & Cruddas (1972) Ltd. Structures 79.34 84.39 59.86 68.03 80.61% 9.29 8.83 7.70 1.44 5.11 6.06% 293.36 289.39 289.99 206.74 71.57 57.46 36.27 18.35 39.48 22.42 238.90

72 Jaico Steel Fasteners Ltd. Screws, bolts, nuts, rivets, washers, etc. 9.56 11.45 7.88 9.48 82.79% 3.30 2.95 3.21 0.91 0.51 4.45% 123.78 95.58 58.59 52.14 57.99 42.50 18.11 12.81 88.26 44.77 240.10

73 Gujarat Containers Ltd. Reservoirs, tanks & other fabrications 24.76 27.85 21.04 23.37 83.91% 3.45 3.54 6.60 -0.03 1.24 4.45% 73.76 67.06 77.49 87.12 45.08 36.64 30.29 26.55 40.60 37.38 241.00

74 Birla Accucast Ltd. Cast iron castings 28.05 30.7 28.72 30.81 100.36% 16.42 15.62 1.97 -2.10 1.61 5.24% 72.22 67.11 127.58 126.80 18.71 27.02 16.19 23.51 17.49 24.03 242.00

75 Karthik Alloys Ltd. Ferro alloys 77.98 66.19 60.21 60.95 92.08% 18.74 18.66 3.27 15.89 4.50 6.80% 29.41 46.97 69.56 79.38 50.08 68.70 1.63 2.24 12.74 10.86 243.20

76 Assam Roofing Ltd. Sheet piling of iron & steel 122.94 154.65 111.28 160.89 104.03% 10.56 9.29 17.32 5.75 8.35 5.40% 55.61 56.18 48.00 64.28 25.56 17.40 44.14 55.66 51.40 62.27 244.40

77 Transweld Mechanical Engg. Works Pvt. Ltd. Reservoirs, tanks & other fabrications 12.24 11.87 10.48 10.08 84.92% 1.96 1.98 5.09 1.31 1.33 11.20% 34.62 33.95 44.50 25.75 32.81 42.83 38.26 31.87 39.09 33.08 245.40

78 Indsil Hydro Power & Manganese Ltd. Ferro silico manganese 65.30 91.83 49.62 62.19 67.72% 49.64 47.39 1.31 9.24 20.05 21.83% 5.16 7.15 38.06 36.11 136.66 132.38 1.29 0.97 17.67 15.90 245.80

79 Investment & Precision Castings Ltd. Castings 44.45 62.3 33.54 47.40 76.08% 15.01 26.61 1.78 9.72 12.62 20.26% 105.75 98.09 28.30 40.58 85.44 61.75 37.42 30.64 52.42 43.22 250.70

80 Super Forgings & Steels Ltd. Forgings 73.94 69.17 64.58 71.50 103.37% 12.86 13.09 5.46 -2.15 14.04 20.30% 153.11 153.26 125.83 129.32 54.79 33.80 26.53 22.55 57.76 92.03 251.90

81 Stelco Strips Ltd. Cold rolled coils, strips, sheets 224.62 216.97 192.94 219.59 101.21% 33.06 34.06 6.45 15.13 12.64 5.83% 38.99 48.04 24.46 2.35 26.10 19.30 73.63 89.85 76.08 90.93 254.30

82 Rexon Strips Ltd. Sponge iron 95.65 72.16 86.07 61.46 85.17% 32.60 27.81 2.21 6.62 8.94 12.39% 5.18 4.94 13.06 32.87 36.34 40.65 1.31 1.98 71.67 101.06 255.30

83 Utkal Steels Ltd. Flat products 122.26 56.84 40.24 28.71 50.51% 7.67 11.61 2.47 6.21 1.16 2.04% 86.53 198.61 159.59 124.25 29.03 69.00 13.09 5.97 46.95 40.67 255.30

84 Cronimet Alloys India Ltd. Ferro alloys 101.01 114.76 102.94 87.98 76.66% 22.73 22.74 3.87 -1.06 11.80 10.28% 33.84 14.82 39.93 49.37 84.22 80.27 1.15 0.60 51.19 40.12 257.70

85 Rishi Laser Ltd. Other fabricated metal products 114.40 112.99 96.80 92.94 82.26% 84.99 71.89 1.29 14.99 16.56 14.66% 67.35 70.76 54.74 89.31 32.09 38.16 33.31 38.05 34.84 39.96 259.60

86 Raipur Rotocast Ltd. Articles of iron & steel 36.00 38.46 34.10 32.99 85.78% 1.84 2.03 16.25 1.61 1.74 4.52% 46.24 42.29 23.08 35.08 44.34 39.43 36.67 39.59 51.97 52.24 262.10

87 A M D Industries Ltd. Crown caps 89.72 112.03 65.65 89.08 79.51% 66.58 92.04 0.97 18.99 23.37 20.86% 67.18 66.81 94.17 123.15 104.46 96.17 3.47 2.67 17.89 23.01 263.30

88 Bedmutha Industries Ltd. Wires & ropes of iron & steel 146.64 149.08 110.94 121.87 81.75% 24.01 33.58 3.63 16.84 24.60 16.50% 40.55 60.39 24.04 81.90 33.54 41.06 17.61 42.13 25.28 50.13 265.40

89 Rapsri Engineering Inds. Ltd. Castings, nec 40.71 38.84 33.53 30.57 78.71% 12.77 13.65 2.24 4.70 7.14 18.38% 71.81 97.41 68.21 89.73 75.03 89.74 22.23 19.77 30.09 30.16 266.10

90 Upper India Steel Mfg. & Engg. Co. Ltd. Bars & rods 207.49 182.84 195.19 156.88 85.80% 39.20 40.07 3.92 9.33 19.63 10.74% 44.45 60.04 14.12 45.00 40.73 94.11 7.05 8.92 25.23 33.58 266.30

91 Shree Sponge Steel & Forging Ltd. Castings 17.38 14.19 16.02 12.88 90.77% 5.82 6.28 2.05 1.24 1.60 11.28% 26.01 32.16 16.35 26.82 17.49 32.23 27.82 50.71 29.41 57.93 267.10

92 India Tube Mills & Metal Inds. Ltd. Reservoirs, tanks & other fabrications 96.39 82.63 80.67 61.61 74.56% 3.63 7.14 8.63 8.23 12.00 14.52% 48.80 70.67 50.94 52.58 31.35 43.00 53.40 65.20 55.50 69.64 268.60

93 Ashirwad Steels & Inds. Ltd. Sponge iron 58.68 40.18 57.49 42.43 105.60% 14.19 13.59 3.12 2.43 1.93 4.80% 26.58 23.47 14.62 22.18 82.14 124.96 0.19 0.21 9.59 18.93 270.60

94 Kartik Steels Ltd. Steel castings 17.91 13.83 12.07 11.19 80.91% 2.16 2.58 4.34 2.93 2.43 17.57% 63.14 95.01 76.59 95.91 59.64 80.81 44.76 31.68 45.40 32.36 271.80

95 L G B Forge Ltd. Forgings 94.68 103.02 79.75 85.90 83.38% 68.13 62.80 1.37 9.30 6.09 5.91% 47.94 95.25 81.44 89.95 30.92 65.92 13.02 20.21 15.47 25.10 273.10

96 Simplex Castings Ltd. Castings 174.19 164.61 140.75 125.76 76.40% 54.21 58.26 2.16 25.67 26.49 16.09% 78.21 94.15 67.61 75.48 55.39 54.84 35.13 38.90 42.76 52.25 274.60

97 Shivaani Alloy Steel Castings Ltd. Steel castings 17.85 34.61 15.69 32.84 94.89% 6.57 6.92 4.75 2.04 2.66 7.69% 87.91 59.55 39.73 63.89 50.61 54.60 13.12 24.49 40.73 35.11 276.10

98 Sova Ispat Alloys Ltd. Ferro silico manganese 144.70 122.41 145.03 120.52 98.46% 17.87 17.22 7.00 6.06 5.70 4.66% 13.00 18.03 35.87 39.65 96.73 161.25 0.09 0.18 7.09 16.82 276.80

99 J K Files (India) Ltd. Files 42.51 135.18 35.25 93.89 69.46% 3.67 61.20 1.53 2.60 13.90 10.28% 15.19 33.70 36.81 94.91 22.61 49.33 12.00 12.33 21.85 42.31 276.80

100 Kolhapur Steel Ltd. Steel castings 31.89 34.52 24.66 28.52 82.62% 6.62 8.18 3.49 3.42 4.65 13.47% 74.95 85.92 63.52 57.21 163.75 86.48 37.84 32.85 46.07 37.14 281.00

101 Proseal Closures Ltd. Stoppers, caps & lids (including crown caps) 50.05 43.98 32.95 31.49 71.60% 11.23 11.89 2.65 9.26 7.60 17.28% 23.29 23.49 42.58 75.04 46.10 60.10 16.31 20.76 54.79 54.08 281.70

102 Porwal Auto Components Ltd. Cast iron castings 27.68 38.36 26.62 37.21 97.00% 31.69 30.15 1.23 2.69 4.81 12.54% 33.43 26.57 42.76 44.37 58.45 26.81 40.79 48.29 65.37 66.22 281.80

103 Modinagar Rolls Ltd. Flat products 15.71 15.35 13.36 13.47 87.75% 5.15 5.64 2.39 1.49 1.44 9.38% 99.77 125.78 98.73 106.61 29.73 38.10 33.06 44.74 43.08 67.17 281.80

104 Logwell Forge Ltd. Forgings 57.50 56.82 48.66 47.07 82.84% 36.30 36.77 1.28 6.83 10.02 17.63% 73.57 97.51 77.50 86.04 58.74 48.28 52.60 57.63 54.18 59.08 291.00

105 Shivalik Bimetal Controls Ltd. Hot rolled coils, strips, sheets 70.34 73.56 51.41 55.17 75.00% 18.47 17.74 3.11 9.29 11.41 15.51% 112.14 110.34 64.26 92.75 84.14 66.37 33.93 33.53 85.22 78.21 292.10

106 Creative Castings Ltd. Steel castings 15.74 13.57 13.57 10.82 79.73% 4.66 4.44 2.44 2.45 1.60 11.79% 97.45 104.16 35.40 73.58 57.91 67.24 33.90 43.09 50.00 58.33 293.20

107 Gujarat Intrux Ltd. Steel castings 22.43 19.05 17.52 17.29 90.76% 5.93 7.42 2.33 4.04 1.90 9.97% 75.73 69.20 40.45 49.32 52.25 50.88 32.11 30.03 67.07 70.71 293.20

108 Taparia Tools Ltd. Hand tools 121.37 147.22 46.95 44.32 30.10% 4.28 4.33 10.24 7.29 10.20 6.93% 31.29 29.25 31.33 39.13 78.13 81.55 35.03 31.36 73.29 58.68 293.60

109 Ambey Metallic Ltd. Sponge iron 46.84 20.84 42.71 15.75 75.58% 9.28 8.41 1.87 2.64 3.79 18.19% 16.57 49.07 59.31 129.56 95.64 225.32 0.38 0.56 13.67 36.50 297.10

110 Expo Gas Containers Ltd. LPG cylinders & other gas containers 15.91 19.65 14.82 15.41 78.42% 7.76 9.14 1.69 5.92 3.31 16.84% 150.54 141.91 182.60 107.15 24.10 40.67 68.58 97.06 71.34 102.20 297.20

111 Nitin Alloys Global Ltd. Steel castings 38.36 24.22 33.25 17.78 73.41% 14.58 13.98 1.27 5.01 4.26 17.59% 53.71 73.12 33.10 24.00 57.53 72.67 46.79 67.11 47.07 67.82 299.70

112 Tamboli Castings Ltd. Castings 29.91 18.22 18.38 12.05 66.14% 13.08 13.76 0.88 8.47 4.59 25.19% 65.16 99.73 19.00 42.52 40.27 105.14 17.81 31.31 60.86 74.19 300.50

113 Rajkumar Forge Ltd. Forgings 46.47 34.11 36.33 23.69 69.45% 8.83 7.99 2.96 7.38 7.06 20.70% 65.39 76.02 47.02 38.46 46.37 84.48 65.65 68.88 66.88 70.45 300.80

114 Kangaro Industries Ltd. Miscellaneous articles of base metals, nec 51.22 71.36 34.14 41.02 57.48% 29.95 36.17 1.13 15.61 23.43 32.83% 32.34 38.02 18.20 28.81 84.05 94.49 31.68 32.74 65.23 56.80 300.90

115 Vignyan Industries Ltd. Steel castings 31.23 33.03 27.77 29.48 89.25% 3.04 11.84 2.49 2.38 3.78 11.44% 10.97 7.22 24.15 43.13 36.07 38.22 47.62 55.48 54.26 62.32 301.30

116 Bihar Sponge Iron Ltd. Sponge iron 217.70 178.75 192.12 155.67 87.09% 114.45 106.69 1.46 1.70 3.87 2.17% 9.49 6.73 86.14 90.96 38.72 48.94 0.37 0.40 65.90 70.54 301.80

117 Krishna Ferro Products Ltd. Castings 17.02 21.3 16.24 20.26 95.12% 2.14 12.40 1.63 2.66 3.32 15.59% 103.86 108.78 37.54 30.75 69.72 43.89 103.20 114.15 109.28 139.19 306.50

118 J V R Forgings Ltd. Forgings 78.64 101.23 67.54 62.62 61.86% 18.75 27.40 2.29 7.34 3.20 3.16% 66.45 54.24 65.02 87.72 53.77 56.99 35.18 52.28 42.74 40.26 308.10

119 Gontermann-Peipers (India) Ltd. Flat products 151.42 138.02 114.70 98.74 71.54% 107.03 100.09 0.99 19.98 23.24 16.84% 90.92 114.12 66.32 102.49 88.90 110.88 20.26 23.90 55.39 60.96 311.40

120 V B C Industries Ltd. Ferro silicon 42.99 43.68 35.65 35.42 81.09% 42.12 39.45 0.90 5.82 7.03 16.09% 7.74 4.01 193.95 290.47 263.57 287.16 3.54 3.74 16.19 9.82 312.00

121 Nagreeka Foils Ltd. Other articles of iron & steel 60.27 39.44 47.98 30.79 78.07% 15.04 12.46 2.47 5.08 4.11 10.42% 52.85 53.48 77.26 38.21 64.40 125.62 22.81 39.19 27.89 36.65 312.10

122 Uni Deritend Ltd. Castings 89.69 73.6 64.65 54.54 74.10% 20.30 17.73 3.08 14.94 5.95 8.08% 103.56 116.58 52.26 80.74 101.90 114.36 41.09 33.28 62.20 56.99 313.20

123 Lamina Foundries Ltd. Cast iron castings 34.86 36.26 32.38 31.96 88.14% 8.21 8.19 3.90 1.65 4.06 11.20% 25.15 31.54 76.70 105.41 27.90 28.69 90.57 104.03 98.71 112.54 313.20

124 Facor Steels Ltd. Flat products 372.84 230.48 320.04 209.90 91.07% 32.86 34.58 6.07 9.41 5.51 2.39% 21.67 41.01 60.89 131.50 32.31 41.85 22.26 27.22 51.27 63.30 314.10

125 Happy Forgings Ltd. Forgings 135.13 121.59 119.56 99.83 82.10% 90.81 181.05 0.55 21.15 17.54 14.43% 72.32 99.02 52.44 114.15 58.64 76.86 18.32 22.66 60.37 68.84 314.60

126 I P I Steel Ltd. Bars & rods 51.40 46.2 48.98 41.90 90.69% 8.08 7.45 5.62 2.72 2.14 4.63% 15.14 34.70 141.35 175.28 80.08 121.81 5.91 3.90 40.59 31.23 314.80

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 99: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 97www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

70 Anjaney Ferro Alloys Ltd. Ferro alloys 150.57 153.64 138.11 118.04 76.83% 24.24 21.72 5.43 5.48 26.63 17.33% 11.83 16.54 38.25 61.25 53.07 126.06 0.67 0.92 9.76 10.50 238.20

71 Richardson & Cruddas (1972) Ltd. Structures 79.34 84.39 59.86 68.03 80.61% 9.29 8.83 7.70 1.44 5.11 6.06% 293.36 289.39 289.99 206.74 71.57 57.46 36.27 18.35 39.48 22.42 238.90

72 Jaico Steel Fasteners Ltd. Screws, bolts, nuts, rivets, washers, etc. 9.56 11.45 7.88 9.48 82.79% 3.30 2.95 3.21 0.91 0.51 4.45% 123.78 95.58 58.59 52.14 57.99 42.50 18.11 12.81 88.26 44.77 240.10

73 Gujarat Containers Ltd. Reservoirs, tanks & other fabrications 24.76 27.85 21.04 23.37 83.91% 3.45 3.54 6.60 -0.03 1.24 4.45% 73.76 67.06 77.49 87.12 45.08 36.64 30.29 26.55 40.60 37.38 241.00

74 Birla Accucast Ltd. Cast iron castings 28.05 30.7 28.72 30.81 100.36% 16.42 15.62 1.97 -2.10 1.61 5.24% 72.22 67.11 127.58 126.80 18.71 27.02 16.19 23.51 17.49 24.03 242.00

75 Karthik Alloys Ltd. Ferro alloys 77.98 66.19 60.21 60.95 92.08% 18.74 18.66 3.27 15.89 4.50 6.80% 29.41 46.97 69.56 79.38 50.08 68.70 1.63 2.24 12.74 10.86 243.20

76 Assam Roofing Ltd. Sheet piling of iron & steel 122.94 154.65 111.28 160.89 104.03% 10.56 9.29 17.32 5.75 8.35 5.40% 55.61 56.18 48.00 64.28 25.56 17.40 44.14 55.66 51.40 62.27 244.40

77 Transweld Mechanical Engg. Works Pvt. Ltd. Reservoirs, tanks & other fabrications 12.24 11.87 10.48 10.08 84.92% 1.96 1.98 5.09 1.31 1.33 11.20% 34.62 33.95 44.50 25.75 32.81 42.83 38.26 31.87 39.09 33.08 245.40

78 Indsil Hydro Power & Manganese Ltd. Ferro silico manganese 65.30 91.83 49.62 62.19 67.72% 49.64 47.39 1.31 9.24 20.05 21.83% 5.16 7.15 38.06 36.11 136.66 132.38 1.29 0.97 17.67 15.90 245.80

79 Investment & Precision Castings Ltd. Castings 44.45 62.3 33.54 47.40 76.08% 15.01 26.61 1.78 9.72 12.62 20.26% 105.75 98.09 28.30 40.58 85.44 61.75 37.42 30.64 52.42 43.22 250.70

80 Super Forgings & Steels Ltd. Forgings 73.94 69.17 64.58 71.50 103.37% 12.86 13.09 5.46 -2.15 14.04 20.30% 153.11 153.26 125.83 129.32 54.79 33.80 26.53 22.55 57.76 92.03 251.90

81 Stelco Strips Ltd. Cold rolled coils, strips, sheets 224.62 216.97 192.94 219.59 101.21% 33.06 34.06 6.45 15.13 12.64 5.83% 38.99 48.04 24.46 2.35 26.10 19.30 73.63 89.85 76.08 90.93 254.30

82 Rexon Strips Ltd. Sponge iron 95.65 72.16 86.07 61.46 85.17% 32.60 27.81 2.21 6.62 8.94 12.39% 5.18 4.94 13.06 32.87 36.34 40.65 1.31 1.98 71.67 101.06 255.30

83 Utkal Steels Ltd. Flat products 122.26 56.84 40.24 28.71 50.51% 7.67 11.61 2.47 6.21 1.16 2.04% 86.53 198.61 159.59 124.25 29.03 69.00 13.09 5.97 46.95 40.67 255.30

84 Cronimet Alloys India Ltd. Ferro alloys 101.01 114.76 102.94 87.98 76.66% 22.73 22.74 3.87 -1.06 11.80 10.28% 33.84 14.82 39.93 49.37 84.22 80.27 1.15 0.60 51.19 40.12 257.70

85 Rishi Laser Ltd. Other fabricated metal products 114.40 112.99 96.80 92.94 82.26% 84.99 71.89 1.29 14.99 16.56 14.66% 67.35 70.76 54.74 89.31 32.09 38.16 33.31 38.05 34.84 39.96 259.60

86 Raipur Rotocast Ltd. Articles of iron & steel 36.00 38.46 34.10 32.99 85.78% 1.84 2.03 16.25 1.61 1.74 4.52% 46.24 42.29 23.08 35.08 44.34 39.43 36.67 39.59 51.97 52.24 262.10

87 A M D Industries Ltd. Crown caps 89.72 112.03 65.65 89.08 79.51% 66.58 92.04 0.97 18.99 23.37 20.86% 67.18 66.81 94.17 123.15 104.46 96.17 3.47 2.67 17.89 23.01 263.30

88 Bedmutha Industries Ltd. Wires & ropes of iron & steel 146.64 149.08 110.94 121.87 81.75% 24.01 33.58 3.63 16.84 24.60 16.50% 40.55 60.39 24.04 81.90 33.54 41.06 17.61 42.13 25.28 50.13 265.40

89 Rapsri Engineering Inds. Ltd. Castings, nec 40.71 38.84 33.53 30.57 78.71% 12.77 13.65 2.24 4.70 7.14 18.38% 71.81 97.41 68.21 89.73 75.03 89.74 22.23 19.77 30.09 30.16 266.10

90 Upper India Steel Mfg. & Engg. Co. Ltd. Bars & rods 207.49 182.84 195.19 156.88 85.80% 39.20 40.07 3.92 9.33 19.63 10.74% 44.45 60.04 14.12 45.00 40.73 94.11 7.05 8.92 25.23 33.58 266.30

91 Shree Sponge Steel & Forging Ltd. Castings 17.38 14.19 16.02 12.88 90.77% 5.82 6.28 2.05 1.24 1.60 11.28% 26.01 32.16 16.35 26.82 17.49 32.23 27.82 50.71 29.41 57.93 267.10

92 India Tube Mills & Metal Inds. Ltd. Reservoirs, tanks & other fabrications 96.39 82.63 80.67 61.61 74.56% 3.63 7.14 8.63 8.23 12.00 14.52% 48.80 70.67 50.94 52.58 31.35 43.00 53.40 65.20 55.50 69.64 268.60

93 Ashirwad Steels & Inds. Ltd. Sponge iron 58.68 40.18 57.49 42.43 105.60% 14.19 13.59 3.12 2.43 1.93 4.80% 26.58 23.47 14.62 22.18 82.14 124.96 0.19 0.21 9.59 18.93 270.60

94 Kartik Steels Ltd. Steel castings 17.91 13.83 12.07 11.19 80.91% 2.16 2.58 4.34 2.93 2.43 17.57% 63.14 95.01 76.59 95.91 59.64 80.81 44.76 31.68 45.40 32.36 271.80

95 L G B Forge Ltd. Forgings 94.68 103.02 79.75 85.90 83.38% 68.13 62.80 1.37 9.30 6.09 5.91% 47.94 95.25 81.44 89.95 30.92 65.92 13.02 20.21 15.47 25.10 273.10

96 Simplex Castings Ltd. Castings 174.19 164.61 140.75 125.76 76.40% 54.21 58.26 2.16 25.67 26.49 16.09% 78.21 94.15 67.61 75.48 55.39 54.84 35.13 38.90 42.76 52.25 274.60

97 Shivaani Alloy Steel Castings Ltd. Steel castings 17.85 34.61 15.69 32.84 94.89% 6.57 6.92 4.75 2.04 2.66 7.69% 87.91 59.55 39.73 63.89 50.61 54.60 13.12 24.49 40.73 35.11 276.10

98 Sova Ispat Alloys Ltd. Ferro silico manganese 144.70 122.41 145.03 120.52 98.46% 17.87 17.22 7.00 6.06 5.70 4.66% 13.00 18.03 35.87 39.65 96.73 161.25 0.09 0.18 7.09 16.82 276.80

99 J K Files (India) Ltd. Files 42.51 135.18 35.25 93.89 69.46% 3.67 61.20 1.53 2.60 13.90 10.28% 15.19 33.70 36.81 94.91 22.61 49.33 12.00 12.33 21.85 42.31 276.80

100 Kolhapur Steel Ltd. Steel castings 31.89 34.52 24.66 28.52 82.62% 6.62 8.18 3.49 3.42 4.65 13.47% 74.95 85.92 63.52 57.21 163.75 86.48 37.84 32.85 46.07 37.14 281.00

101 Proseal Closures Ltd. Stoppers, caps & lids (including crown caps) 50.05 43.98 32.95 31.49 71.60% 11.23 11.89 2.65 9.26 7.60 17.28% 23.29 23.49 42.58 75.04 46.10 60.10 16.31 20.76 54.79 54.08 281.70

102 Porwal Auto Components Ltd. Cast iron castings 27.68 38.36 26.62 37.21 97.00% 31.69 30.15 1.23 2.69 4.81 12.54% 33.43 26.57 42.76 44.37 58.45 26.81 40.79 48.29 65.37 66.22 281.80

103 Modinagar Rolls Ltd. Flat products 15.71 15.35 13.36 13.47 87.75% 5.15 5.64 2.39 1.49 1.44 9.38% 99.77 125.78 98.73 106.61 29.73 38.10 33.06 44.74 43.08 67.17 281.80

104 Logwell Forge Ltd. Forgings 57.50 56.82 48.66 47.07 82.84% 36.30 36.77 1.28 6.83 10.02 17.63% 73.57 97.51 77.50 86.04 58.74 48.28 52.60 57.63 54.18 59.08 291.00

105 Shivalik Bimetal Controls Ltd. Hot rolled coils, strips, sheets 70.34 73.56 51.41 55.17 75.00% 18.47 17.74 3.11 9.29 11.41 15.51% 112.14 110.34 64.26 92.75 84.14 66.37 33.93 33.53 85.22 78.21 292.10

106 Creative Castings Ltd. Steel castings 15.74 13.57 13.57 10.82 79.73% 4.66 4.44 2.44 2.45 1.60 11.79% 97.45 104.16 35.40 73.58 57.91 67.24 33.90 43.09 50.00 58.33 293.20

107 Gujarat Intrux Ltd. Steel castings 22.43 19.05 17.52 17.29 90.76% 5.93 7.42 2.33 4.04 1.90 9.97% 75.73 69.20 40.45 49.32 52.25 50.88 32.11 30.03 67.07 70.71 293.20

108 Taparia Tools Ltd. Hand tools 121.37 147.22 46.95 44.32 30.10% 4.28 4.33 10.24 7.29 10.20 6.93% 31.29 29.25 31.33 39.13 78.13 81.55 35.03 31.36 73.29 58.68 293.60

109 Ambey Metallic Ltd. Sponge iron 46.84 20.84 42.71 15.75 75.58% 9.28 8.41 1.87 2.64 3.79 18.19% 16.57 49.07 59.31 129.56 95.64 225.32 0.38 0.56 13.67 36.50 297.10

110 Expo Gas Containers Ltd. LPG cylinders & other gas containers 15.91 19.65 14.82 15.41 78.42% 7.76 9.14 1.69 5.92 3.31 16.84% 150.54 141.91 182.60 107.15 24.10 40.67 68.58 97.06 71.34 102.20 297.20

111 Nitin Alloys Global Ltd. Steel castings 38.36 24.22 33.25 17.78 73.41% 14.58 13.98 1.27 5.01 4.26 17.59% 53.71 73.12 33.10 24.00 57.53 72.67 46.79 67.11 47.07 67.82 299.70

112 Tamboli Castings Ltd. Castings 29.91 18.22 18.38 12.05 66.14% 13.08 13.76 0.88 8.47 4.59 25.19% 65.16 99.73 19.00 42.52 40.27 105.14 17.81 31.31 60.86 74.19 300.50

113 Rajkumar Forge Ltd. Forgings 46.47 34.11 36.33 23.69 69.45% 8.83 7.99 2.96 7.38 7.06 20.70% 65.39 76.02 47.02 38.46 46.37 84.48 65.65 68.88 66.88 70.45 300.80

114 Kangaro Industries Ltd. Miscellaneous articles of base metals, nec 51.22 71.36 34.14 41.02 57.48% 29.95 36.17 1.13 15.61 23.43 32.83% 32.34 38.02 18.20 28.81 84.05 94.49 31.68 32.74 65.23 56.80 300.90

115 Vignyan Industries Ltd. Steel castings 31.23 33.03 27.77 29.48 89.25% 3.04 11.84 2.49 2.38 3.78 11.44% 10.97 7.22 24.15 43.13 36.07 38.22 47.62 55.48 54.26 62.32 301.30

116 Bihar Sponge Iron Ltd. Sponge iron 217.70 178.75 192.12 155.67 87.09% 114.45 106.69 1.46 1.70 3.87 2.17% 9.49 6.73 86.14 90.96 38.72 48.94 0.37 0.40 65.90 70.54 301.80

117 Krishna Ferro Products Ltd. Castings 17.02 21.3 16.24 20.26 95.12% 2.14 12.40 1.63 2.66 3.32 15.59% 103.86 108.78 37.54 30.75 69.72 43.89 103.20 114.15 109.28 139.19 306.50

118 J V R Forgings Ltd. Forgings 78.64 101.23 67.54 62.62 61.86% 18.75 27.40 2.29 7.34 3.20 3.16% 66.45 54.24 65.02 87.72 53.77 56.99 35.18 52.28 42.74 40.26 308.10

119 Gontermann-Peipers (India) Ltd. Flat products 151.42 138.02 114.70 98.74 71.54% 107.03 100.09 0.99 19.98 23.24 16.84% 90.92 114.12 66.32 102.49 88.90 110.88 20.26 23.90 55.39 60.96 311.40

120 V B C Industries Ltd. Ferro silicon 42.99 43.68 35.65 35.42 81.09% 42.12 39.45 0.90 5.82 7.03 16.09% 7.74 4.01 193.95 290.47 263.57 287.16 3.54 3.74 16.19 9.82 312.00

121 Nagreeka Foils Ltd. Other articles of iron & steel 60.27 39.44 47.98 30.79 78.07% 15.04 12.46 2.47 5.08 4.11 10.42% 52.85 53.48 77.26 38.21 64.40 125.62 22.81 39.19 27.89 36.65 312.10

122 Uni Deritend Ltd. Castings 89.69 73.6 64.65 54.54 74.10% 20.30 17.73 3.08 14.94 5.95 8.08% 103.56 116.58 52.26 80.74 101.90 114.36 41.09 33.28 62.20 56.99 313.20

123 Lamina Foundries Ltd. Cast iron castings 34.86 36.26 32.38 31.96 88.14% 8.21 8.19 3.90 1.65 4.06 11.20% 25.15 31.54 76.70 105.41 27.90 28.69 90.57 104.03 98.71 112.54 313.20

124 Facor Steels Ltd. Flat products 372.84 230.48 320.04 209.90 91.07% 32.86 34.58 6.07 9.41 5.51 2.39% 21.67 41.01 60.89 131.50 32.31 41.85 22.26 27.22 51.27 63.30 314.10

125 Happy Forgings Ltd. Forgings 135.13 121.59 119.56 99.83 82.10% 90.81 181.05 0.55 21.15 17.54 14.43% 72.32 99.02 52.44 114.15 58.64 76.86 18.32 22.66 60.37 68.84 314.60

126 I P I Steel Ltd. Bars & rods 51.40 46.2 48.98 41.90 90.69% 8.08 7.45 5.62 2.72 2.14 4.63% 15.14 34.70 141.35 175.28 80.08 121.81 5.91 3.90 40.59 31.23 314.80

FERR

OUS

METALS

small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 100: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com98 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

127 Star Circlips & Engineering Ltd. General hardware 27.37 31.8 22.90 24.63 77.45% 11.24 10.87 2.27 3.92 3.96 12.45% 72.52 74.38 81.56 88.98 74.97 76.49 39.39 34.79 85.83 71.36 318.10

128 S A L Steel Ltd. Sponge iron 384.07 289.73 332.31 230.29 79.48% 206.34 187.23 1.23 54.16 49.20 16.98% 6.06 11.88 71.50 117.00 61.35 91.42 4.99 8.98 31.38 44.19 318.20

129 Harsha Engineers Ltd. Other fabricated metal products 229.94 152.88 183.39 114.52 74.91% 99.95 96.68 1.18 36.91 33.34 21.81% 75.31 84.33 28.55 72.87 63.17 65.12 23.13 80.48 42.35 111.71 321.00

130 De Nora India Ltd. Miscellaneous articles of base metals, nec 20.67 14.01 13.42 7.93 56.60% 7.00 6.53 1.21 3.47 1.97 14.06% 95.49 122.82 60.52 86.74 267.25 400.16 21.12 22.18 43.33 56.94 321.20

131 Bhaskar Shrachi Alloys Ltd. Ferro silico manganese 118.51 125.1 107.65 116.51 93.13% 21.30 20.26 5.75 3.46 9.79 7.83% 49.29 26.57 43.43 42.22 65.28 95.11 17.66 35.37 19.25 38.30 326.80

132 Steel & Industrial Forgings Ltd. Forgings 59.28 59.48 47.72 43.35 72.88% 5.53 7.61 5.70 9.63 10.31 17.33% 84.28 99.32 89.90 71.57 166.12 182.03 37.50 47.21 60.12 80.92 329.00

133Koch Chemical Technology Group India Pvt. Ltd.

Other fabricated metal products 107.13 86.64 57.85 48.90 56.44% 17.06 14.79 3.31 49.36 25.78 29.76% 48.64 64.02 49.72 98.31 83.00 105.13 53.91 57.48 68.16 70.11 330.20

134 Nile Ltd. Other fabricated metal products 95.84 143.98 93.36 142.35 98.87% 14.53 26.80 5.31 2.14 11.08 7.70% 23.09 19.74 46.42 74.32 59.72 40.70 86.32 69.42 93.02 88.21 335.40

135 Inox India Ltd. Reservoirs, tanks & other fabrications 244.15 245.79 175.75 140.39 57.12% 53.42 57.41 2.45 50.54 68.07 27.69% 28.88 44.66 64.96 76.90 70.24 90.24 90.94 72.04 98.40 78.90 339.00

136 Mohindra Fasteners Ltd. Screws, bolts, nuts, rivets, washers, etc. 65.27 60.71 53.59 48.87 80.50% 26.23 27.17 1.80 9.58 8.92 14.69% 68.69 80.93 102.35 136.10 52.70 69.07 33.35 44.52 62.27 98.74 340.50

137 Raja Forgings & Gears Ltd. Forgings 63.87 91.65 53.20 76.68 83.67% 26.60 35.26 2.17 10.15 14.89 16.25% 96.45 115.46 109.25 136.37 113.78 61.07 140.30 119.70 174.71 136.60 342.20

138 Orient Steel & Inds. Ltd. Hot rolled coils, strips, sheets 127.61 122.67 128.77 102.89 83.88% 9.60 13.54 7.60 6.10 8.03 6.55% 44.32 37.27 69.00 45.63 72.70 97.09 41.24 54.01 57.16 62.45 345.80

139 British Scaffolding International Ltd. Other articles of iron & steel 20.14 10.88 15.80 9.19 84.47% 7.26 6.87 1.34 2.18 0.33 3.03% 153.32 178.02 32.46 76.23 57.36 154.94 29.05 40.47 32.97 53.21 348.20

140 Western India Shipyard Ltd. Miscellaneous articles of base metals, nec 62.89 65.38 57.69 40.37 61.75% 93.64 84.18 0.48 14.11 67.37 103.04% 195.48 208.98 192.37 235.16 45.87 85.80 66.71 188.17 70.22 205.13 351.90

141 G K W Ltd. Screws, bolts, nuts, rivets, washers, etc. 86.31 26.48 81.41 8.25 31.16% 9.71 8.81 0.94 12.88 14.37 54.27% 55.76 14.82 40.25 288.33 67.15 128.38 43.27 9.71 61.70 106.57 353.30

142 India Steel Works Ltd. Bars & rods 149.30 106.89 143.01 110.96 103.81% 187.81 175.65 0.63 -21.34 1.67 1.56% 56.18 40.64 157.17 219.74 99.78 133.12 28.58 9.86 38.42 18.79 354.00

143 Hindusthan Udyog Ltd. Steel castings 60.29 47.75 46.02 35.07 73.45% 16.99 16.73 2.10 8.75 7.54 15.79% 77.04 138.60 77.22 115.11 64.86 129.94 41.71 67.70 51.42 95.00 355.80

144 J S L Architecture Ltd. Articles of iron & steel 48.81 45.04 40.37 33.07 73.42% 23.74 26.64 1.24 5.20 5.98 13.28% 167.53 146.65 87.42 174.19 143.01 156.36 60.81 60.76 66.18 65.40 362.20

145 Trinity India Ltd. [Merged] Forgings 70.85 62.87 48.56 47.56 75.65% 28.05 27.33 1.74 10.14 7.34 11.67% 53.93 56.98 119.52 126.20 174.37 205.70 46.69 42.61 48.14 46.48 365.70

146 Indian Steel & Wire Products Ltd. Castings 105.75 99.78 83.54 76.42 76.59% 83.34 91.39 0.84 11.18 13.42 13.45% 50.37 57.79 202.15 273.52 188.13 287.82 25.31 30.97 38.25 51.10 370.80

147 Bay-Forge Ltd. Forgings 138.03 148.97 119.07 86.73 58.22% 78.20 107.72 0.81 18.38 27.53 18.48% 70.17 104.36 101.43 156.31 120.64 147.68 111.35 89.51 114.09 91.67 371.10

148 Samrat Forgings Ltd. Forgings 44.34 40.23 38.57 35.66 88.64% 8.08 10.67 3.34 3.55 4.50 11.19% 45.52 53.60 62.16 101.71 58.81 86.90 83.53 99.20 91.99 109.64 377.80

149 Lakshmi Precision Screws Ltd. Screws, bolts, nuts, rivets, washers, etc. 227.11 228 179.31 171.08 75.04% 62.09 58.98 2.90 27.95 32.69 14.34% 79.13 77.91 104.88 146.26 208.28 289.71 38.60 43.65 126.09 140.20 384.00

150 Adhunik Power Transmission Ltd. Transmission towers & structurals 36.16 30.83 32.61 26.91 87.29% 17.05 16.45 1.64 9.87 5.46 17.71% 68.11 59.58 203.29 118.98 94.50 87.55 56.57 137.40 112.43 185.14 384.90

151 Colour Roof (India) Ltd. Articles of iron & steel 130.48 139.64 125.68 122.87 87.99% 58.87 55.05 2.23 6.81 17.06 12.22% 67.03 73.68 216.44 255.53 131.36 157.16 20.21 32.07 99.08 125.99 386.30

152 B C L Forgings Ltd. Forgings 38.71 35.92 37.14 34.48 95.99% 22.06 20.85 1.65 -3.35 0.51 1.42% 85.70 49.51 79.69 92.29 133.50 123.40 56.33 50.25 58.36 52.87 390.70

153 Techno Forge Ltd. Forgings 21.19 21.82 16.82 20.34 93.22% 13.79 13.56 1.50 2.73 3.37 15.44% 29.63 42.06 143.20 131.57 95.76 83.47 96.65 111.01 98.41 113.29 399.20

154 Hilton Metal Forging Ltd. Forgings 81.85 55.66 71.16 49.10 88.21% 40.08 40.98 1.20 9.14 8.59 15.43% 32.69 49.54 75.68 56.75 164.10 202.95 35.82 73.46 59.69 118.56 400.30

155 Worthington Nitin Cylinders Ltd. LPG cylinders & other gas containers 55.04 52.7 53.36 55.89 106.05% 50.11 70.28 0.80 8.41 7.38 14.00% 80.77 230.64 89.88 237.66 261.16 202.71 34.55 85.27 43.41 140.88 415.10

F O O D P R O D U C T S

1 Goldline Milkfood Ltd. Dairy products 59.93 85.51 57.85 83.66 97.84% 3.57 3.32 25.20 2.19 1.61 1.88% 5.69 7.89 8.71 10.90 1.68 1.59 0.03 0.02 0.76 0.28 82.50

2Venkateshwara Research & Breeding Farm Pvt. Ltd.

Poultry 23.34 26.85 10.70 11.78 43.87% 5.81 5.54 2.13 8.46 10.29 38.32% 98.81 58.33 13.45 34.33 6.50 8.99 1.74 2.70 16.14 20.91 91.60

3 Devi Fisheries Ltd. Shrimps 115.22 133.37 95.92 118.24 88.66% 3.25 4.30 27.50 5.45 5.20 3.90% 13.08 5.91 11.09 5.52 0.34 0.30 0.40 1.65 55.80 29.34 112.20

4 Ankur Protein Inds. Ltd. Cotton seed oil 81.05 69.46 54.20 59.97 86.34% 5.65 5.28 11.36 1.32 0.86 1.24% 12.16 5.57 15.23 8.79 13.30 8.75 1.29 0.97 11.72 14.99 113.30

5 Kerala Alcoholic Products Ltd. Indian made foreign liquors 27.11 45.63 23.76 38.62 84.64% 2.38 2.27 17.01 0.20 1.57 3.44% 49.66 41.96 45.15 35.59 31.06 22.04 3.36 1.98 4.47 2.19 130.00

6 Ponni Sugars (Erode) Ltd. Sugar 132.52 238.58 117.98 199.59 83.66% 47.70 47.03 4.24 23.33 59.80 25.06% 10.97 9.99 72.82 59.20 9.30 4.05 2.52 2.00 151.08 159.60 140.70

7 Kerala Feeds Ltd. Cattle feed 187.81 228.73 174.87 211.15 92.31% 14.44 12.95 16.31 3.23 7.86 3.44% 10.45 11.36 27.26 37.98 24.50 27.27 0.10 0.07 1.65 1.12 141.10

8 Godrej Oil Palm Ltd. Palm oil 74.06 63.84 54.29 43.41 68.00% 44.10 58.26 0.75 12.45 14.90 23.34% 55.08 68.65 11.10 18.19 1.95 2.49 27.39 42.61 28.02 43.72 141.60

9 Tikaula Sugar Mills Ltd. Sugar 125.49 205.83 88.58 207.13 100.63% 55.50 48.91 4.23 27.55 17.74 8.62% 3.08 4.91 12.89 19.08 2.50 0.34 0.93 0.80 310.70 177.73 142.00

10 Raghuvar (India) Ltd. Vanaspati 162.49 167.42 155.93 151.86 90.71% 3.62 8.88 17.10 2.63 2.48 1.48% 12.28 8.08 19.56 13.87 14.02 13.22 4.67 2.47 22.70 17.49 143.90

11 Highland Produce Co. Ltd. Tea 41.36 48.16 32.69 41.14 85.42% 15.27 14.61 2.82 4.04 6.43 13.35% 17.59 18.91 15.64 16.08 20.62 20.87 0.39 1.87 30.40 29.56 147.60

12 Pearl Drinks Ltd. Soft drinks 183.07 226.48 133.59 151.93 67.08% 70.92 190.89 0.80 21.49 27.30 12.05% 68.21 51.15 63.13 105.33 13.44 27.70 0.50 0.50 4.51 7.67 147.80

13 Globus Industries & Services Ltd. Vanaspati 304.46 226.32 269.10 201.76 89.15% 23.39 22.55 8.95 -7.27 5.59 2.47% 27.04 33.45 38.68 48.87 13.34 14.08 4.91 3.70 13.82 13.24 148.30

14 Ajanta Soya Ltd. Vanaspati 264.46 231.99 258.85 225.84 97.35% 11.05 11.88 19.01 1.98 2.36 1.02% 14.45 16.73 29.27 22.08 12.09 16.39 4.59 3.85 7.71 7.27 150.70

15 Patliputra Industries Ltd. Vanaspati 18.44 14.89 14.17 11.41 76.63% 3.08 2.69 4.24 0.91 0.77 5.17% 15.59 7.71 41.62 28.74 12.67 16.09 6.32 3.53 13.46 15.88 151.10

16 Coromandel Sugars Ltd. Sugar 116.22 147.03 93.88 123.97 84.32% 72.06 67.70 1.83 15.67 36.43 24.78% 6.30 10.86 64.23 58.79 7.61 5.24 3.83 2.05 170.90 175.48 152.50

17 Morvi Vegetable Products Ltd. Vanaspati 179.41 117.15 168.93 114.34 97.60% 3.63 3.25 35.18 0.07 0.67 0.57% 8.22 5.96 19.85 5.27 16.11 17.90 2.61 2.15 16.66 14.29 153.40

18 Ganpati Sugar Inds. Ltd. Sugar 122.22 115.24 79.50 111.25 96.54% 87.07 80.75 1.38 22.29 22.12 19.19% 16.20 14.83 55.53 61.80 12.60 6.11 2.28 0.28 203.56 243.92 154.70

19 Gem Sugars Ltd. Sugar 164.80 172.62 89.18 206.14 119.42% 137.81 143.88 1.43 33.87 29.73 17.22% 48.93 60.28 142.27 168.62 16.36 6.12 1.41 0.87 159.71 177.69 156.00

20 G M Breweries Ltd. Country liquor 209.41 219.34 187.41 201.42 91.83% 69.70 71.62 2.81 18.51 15.76 7.19% 0.06 0.02 10.85 11.92 10.68 13.16 4.88 5.57 3.50 4.73 156.70

21 Indo Nissin Foods Ltd. Noodles 93.66 97.82 46.53 58.80 60.11% 14.16 25.70 2.29 1.47 5.68 5.81% 21.68 28.40 52.25 36.47 18.16 27.22 2.16 2.51 22.63 17.47 157.30

22 Pioneer Agro Extracts Ltd. Vanaspati 101.08 90.11 95.05 81.96 90.96% 7.05 6.27 13.07 -0.55 2.24 2.49% 7.66 5.51 30.73 31.52 6.72 10.10 6.58 5.12 19.16 21.88 157.90

23 Tasty Bite Eatables Ltd.Semi processed snacks & foods,nec (Ready-to-eat instant foods)

45.78 72.28 32.49 53.62 74.18% 10.51 13.09 4.10 4.09 13.54 18.73% 66.61 58.58 71.77 49.22 52.71 46.63 4.42 2.12 7.84 3.98 159.20

24 Empee Distilleries Ltd. Indian made foreign liquors 200.02 268.66 156.48 198.35 73.83% 88.77 88.10 2.25 25.85 42.44 15.80% 11.05 9.44 21.13 15.86 48.43 37.21 4.06 1.46 8.64 7.31 160.70

25 Synco Industries Ltd. Edible oils 20.13 20.22 18.48 19.04 94.16% 1.53 3.57 5.33 0.94 3.29 16.27% 29.27 27.89 17.22 43.63 34.02 27.44 3.73 1.92 19.35 24.05 161.70

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 101: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 99www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

127 Star Circlips & Engineering Ltd. General hardware 27.37 31.8 22.90 24.63 77.45% 11.24 10.87 2.27 3.92 3.96 12.45% 72.52 74.38 81.56 88.98 74.97 76.49 39.39 34.79 85.83 71.36 318.10

128 S A L Steel Ltd. Sponge iron 384.07 289.73 332.31 230.29 79.48% 206.34 187.23 1.23 54.16 49.20 16.98% 6.06 11.88 71.50 117.00 61.35 91.42 4.99 8.98 31.38 44.19 318.20

129 Harsha Engineers Ltd. Other fabricated metal products 229.94 152.88 183.39 114.52 74.91% 99.95 96.68 1.18 36.91 33.34 21.81% 75.31 84.33 28.55 72.87 63.17 65.12 23.13 80.48 42.35 111.71 321.00

130 De Nora India Ltd. Miscellaneous articles of base metals, nec 20.67 14.01 13.42 7.93 56.60% 7.00 6.53 1.21 3.47 1.97 14.06% 95.49 122.82 60.52 86.74 267.25 400.16 21.12 22.18 43.33 56.94 321.20

131 Bhaskar Shrachi Alloys Ltd. Ferro silico manganese 118.51 125.1 107.65 116.51 93.13% 21.30 20.26 5.75 3.46 9.79 7.83% 49.29 26.57 43.43 42.22 65.28 95.11 17.66 35.37 19.25 38.30 326.80

132 Steel & Industrial Forgings Ltd. Forgings 59.28 59.48 47.72 43.35 72.88% 5.53 7.61 5.70 9.63 10.31 17.33% 84.28 99.32 89.90 71.57 166.12 182.03 37.50 47.21 60.12 80.92 329.00

133Koch Chemical Technology Group India Pvt. Ltd.

Other fabricated metal products 107.13 86.64 57.85 48.90 56.44% 17.06 14.79 3.31 49.36 25.78 29.76% 48.64 64.02 49.72 98.31 83.00 105.13 53.91 57.48 68.16 70.11 330.20

134 Nile Ltd. Other fabricated metal products 95.84 143.98 93.36 142.35 98.87% 14.53 26.80 5.31 2.14 11.08 7.70% 23.09 19.74 46.42 74.32 59.72 40.70 86.32 69.42 93.02 88.21 335.40

135 Inox India Ltd. Reservoirs, tanks & other fabrications 244.15 245.79 175.75 140.39 57.12% 53.42 57.41 2.45 50.54 68.07 27.69% 28.88 44.66 64.96 76.90 70.24 90.24 90.94 72.04 98.40 78.90 339.00

136 Mohindra Fasteners Ltd. Screws, bolts, nuts, rivets, washers, etc. 65.27 60.71 53.59 48.87 80.50% 26.23 27.17 1.80 9.58 8.92 14.69% 68.69 80.93 102.35 136.10 52.70 69.07 33.35 44.52 62.27 98.74 340.50

137 Raja Forgings & Gears Ltd. Forgings 63.87 91.65 53.20 76.68 83.67% 26.60 35.26 2.17 10.15 14.89 16.25% 96.45 115.46 109.25 136.37 113.78 61.07 140.30 119.70 174.71 136.60 342.20

138 Orient Steel & Inds. Ltd. Hot rolled coils, strips, sheets 127.61 122.67 128.77 102.89 83.88% 9.60 13.54 7.60 6.10 8.03 6.55% 44.32 37.27 69.00 45.63 72.70 97.09 41.24 54.01 57.16 62.45 345.80

139 British Scaffolding International Ltd. Other articles of iron & steel 20.14 10.88 15.80 9.19 84.47% 7.26 6.87 1.34 2.18 0.33 3.03% 153.32 178.02 32.46 76.23 57.36 154.94 29.05 40.47 32.97 53.21 348.20

140 Western India Shipyard Ltd. Miscellaneous articles of base metals, nec 62.89 65.38 57.69 40.37 61.75% 93.64 84.18 0.48 14.11 67.37 103.04% 195.48 208.98 192.37 235.16 45.87 85.80 66.71 188.17 70.22 205.13 351.90

141 G K W Ltd. Screws, bolts, nuts, rivets, washers, etc. 86.31 26.48 81.41 8.25 31.16% 9.71 8.81 0.94 12.88 14.37 54.27% 55.76 14.82 40.25 288.33 67.15 128.38 43.27 9.71 61.70 106.57 353.30

142 India Steel Works Ltd. Bars & rods 149.30 106.89 143.01 110.96 103.81% 187.81 175.65 0.63 -21.34 1.67 1.56% 56.18 40.64 157.17 219.74 99.78 133.12 28.58 9.86 38.42 18.79 354.00

143 Hindusthan Udyog Ltd. Steel castings 60.29 47.75 46.02 35.07 73.45% 16.99 16.73 2.10 8.75 7.54 15.79% 77.04 138.60 77.22 115.11 64.86 129.94 41.71 67.70 51.42 95.00 355.80

144 J S L Architecture Ltd. Articles of iron & steel 48.81 45.04 40.37 33.07 73.42% 23.74 26.64 1.24 5.20 5.98 13.28% 167.53 146.65 87.42 174.19 143.01 156.36 60.81 60.76 66.18 65.40 362.20

145 Trinity India Ltd. [Merged] Forgings 70.85 62.87 48.56 47.56 75.65% 28.05 27.33 1.74 10.14 7.34 11.67% 53.93 56.98 119.52 126.20 174.37 205.70 46.69 42.61 48.14 46.48 365.70

146 Indian Steel & Wire Products Ltd. Castings 105.75 99.78 83.54 76.42 76.59% 83.34 91.39 0.84 11.18 13.42 13.45% 50.37 57.79 202.15 273.52 188.13 287.82 25.31 30.97 38.25 51.10 370.80

147 Bay-Forge Ltd. Forgings 138.03 148.97 119.07 86.73 58.22% 78.20 107.72 0.81 18.38 27.53 18.48% 70.17 104.36 101.43 156.31 120.64 147.68 111.35 89.51 114.09 91.67 371.10

148 Samrat Forgings Ltd. Forgings 44.34 40.23 38.57 35.66 88.64% 8.08 10.67 3.34 3.55 4.50 11.19% 45.52 53.60 62.16 101.71 58.81 86.90 83.53 99.20 91.99 109.64 377.80

149 Lakshmi Precision Screws Ltd. Screws, bolts, nuts, rivets, washers, etc. 227.11 228 179.31 171.08 75.04% 62.09 58.98 2.90 27.95 32.69 14.34% 79.13 77.91 104.88 146.26 208.28 289.71 38.60 43.65 126.09 140.20 384.00

150 Adhunik Power Transmission Ltd. Transmission towers & structurals 36.16 30.83 32.61 26.91 87.29% 17.05 16.45 1.64 9.87 5.46 17.71% 68.11 59.58 203.29 118.98 94.50 87.55 56.57 137.40 112.43 185.14 384.90

151 Colour Roof (India) Ltd. Articles of iron & steel 130.48 139.64 125.68 122.87 87.99% 58.87 55.05 2.23 6.81 17.06 12.22% 67.03 73.68 216.44 255.53 131.36 157.16 20.21 32.07 99.08 125.99 386.30

152 B C L Forgings Ltd. Forgings 38.71 35.92 37.14 34.48 95.99% 22.06 20.85 1.65 -3.35 0.51 1.42% 85.70 49.51 79.69 92.29 133.50 123.40 56.33 50.25 58.36 52.87 390.70

153 Techno Forge Ltd. Forgings 21.19 21.82 16.82 20.34 93.22% 13.79 13.56 1.50 2.73 3.37 15.44% 29.63 42.06 143.20 131.57 95.76 83.47 96.65 111.01 98.41 113.29 399.20

154 Hilton Metal Forging Ltd. Forgings 81.85 55.66 71.16 49.10 88.21% 40.08 40.98 1.20 9.14 8.59 15.43% 32.69 49.54 75.68 56.75 164.10 202.95 35.82 73.46 59.69 118.56 400.30

155 Worthington Nitin Cylinders Ltd. LPG cylinders & other gas containers 55.04 52.7 53.36 55.89 106.05% 50.11 70.28 0.80 8.41 7.38 14.00% 80.77 230.64 89.88 237.66 261.16 202.71 34.55 85.27 43.41 140.88 415.10

F O O D P R O D U C T S

1 Goldline Milkfood Ltd. Dairy products 59.93 85.51 57.85 83.66 97.84% 3.57 3.32 25.20 2.19 1.61 1.88% 5.69 7.89 8.71 10.90 1.68 1.59 0.03 0.02 0.76 0.28 82.50

2Venkateshwara Research & Breeding Farm Pvt. Ltd.

Poultry 23.34 26.85 10.70 11.78 43.87% 5.81 5.54 2.13 8.46 10.29 38.32% 98.81 58.33 13.45 34.33 6.50 8.99 1.74 2.70 16.14 20.91 91.60

3 Devi Fisheries Ltd. Shrimps 115.22 133.37 95.92 118.24 88.66% 3.25 4.30 27.50 5.45 5.20 3.90% 13.08 5.91 11.09 5.52 0.34 0.30 0.40 1.65 55.80 29.34 112.20

4 Ankur Protein Inds. Ltd. Cotton seed oil 81.05 69.46 54.20 59.97 86.34% 5.65 5.28 11.36 1.32 0.86 1.24% 12.16 5.57 15.23 8.79 13.30 8.75 1.29 0.97 11.72 14.99 113.30

5 Kerala Alcoholic Products Ltd. Indian made foreign liquors 27.11 45.63 23.76 38.62 84.64% 2.38 2.27 17.01 0.20 1.57 3.44% 49.66 41.96 45.15 35.59 31.06 22.04 3.36 1.98 4.47 2.19 130.00

6 Ponni Sugars (Erode) Ltd. Sugar 132.52 238.58 117.98 199.59 83.66% 47.70 47.03 4.24 23.33 59.80 25.06% 10.97 9.99 72.82 59.20 9.30 4.05 2.52 2.00 151.08 159.60 140.70

7 Kerala Feeds Ltd. Cattle feed 187.81 228.73 174.87 211.15 92.31% 14.44 12.95 16.31 3.23 7.86 3.44% 10.45 11.36 27.26 37.98 24.50 27.27 0.10 0.07 1.65 1.12 141.10

8 Godrej Oil Palm Ltd. Palm oil 74.06 63.84 54.29 43.41 68.00% 44.10 58.26 0.75 12.45 14.90 23.34% 55.08 68.65 11.10 18.19 1.95 2.49 27.39 42.61 28.02 43.72 141.60

9 Tikaula Sugar Mills Ltd. Sugar 125.49 205.83 88.58 207.13 100.63% 55.50 48.91 4.23 27.55 17.74 8.62% 3.08 4.91 12.89 19.08 2.50 0.34 0.93 0.80 310.70 177.73 142.00

10 Raghuvar (India) Ltd. Vanaspati 162.49 167.42 155.93 151.86 90.71% 3.62 8.88 17.10 2.63 2.48 1.48% 12.28 8.08 19.56 13.87 14.02 13.22 4.67 2.47 22.70 17.49 143.90

11 Highland Produce Co. Ltd. Tea 41.36 48.16 32.69 41.14 85.42% 15.27 14.61 2.82 4.04 6.43 13.35% 17.59 18.91 15.64 16.08 20.62 20.87 0.39 1.87 30.40 29.56 147.60

12 Pearl Drinks Ltd. Soft drinks 183.07 226.48 133.59 151.93 67.08% 70.92 190.89 0.80 21.49 27.30 12.05% 68.21 51.15 63.13 105.33 13.44 27.70 0.50 0.50 4.51 7.67 147.80

13 Globus Industries & Services Ltd. Vanaspati 304.46 226.32 269.10 201.76 89.15% 23.39 22.55 8.95 -7.27 5.59 2.47% 27.04 33.45 38.68 48.87 13.34 14.08 4.91 3.70 13.82 13.24 148.30

14 Ajanta Soya Ltd. Vanaspati 264.46 231.99 258.85 225.84 97.35% 11.05 11.88 19.01 1.98 2.36 1.02% 14.45 16.73 29.27 22.08 12.09 16.39 4.59 3.85 7.71 7.27 150.70

15 Patliputra Industries Ltd. Vanaspati 18.44 14.89 14.17 11.41 76.63% 3.08 2.69 4.24 0.91 0.77 5.17% 15.59 7.71 41.62 28.74 12.67 16.09 6.32 3.53 13.46 15.88 151.10

16 Coromandel Sugars Ltd. Sugar 116.22 147.03 93.88 123.97 84.32% 72.06 67.70 1.83 15.67 36.43 24.78% 6.30 10.86 64.23 58.79 7.61 5.24 3.83 2.05 170.90 175.48 152.50

17 Morvi Vegetable Products Ltd. Vanaspati 179.41 117.15 168.93 114.34 97.60% 3.63 3.25 35.18 0.07 0.67 0.57% 8.22 5.96 19.85 5.27 16.11 17.90 2.61 2.15 16.66 14.29 153.40

18 Ganpati Sugar Inds. Ltd. Sugar 122.22 115.24 79.50 111.25 96.54% 87.07 80.75 1.38 22.29 22.12 19.19% 16.20 14.83 55.53 61.80 12.60 6.11 2.28 0.28 203.56 243.92 154.70

19 Gem Sugars Ltd. Sugar 164.80 172.62 89.18 206.14 119.42% 137.81 143.88 1.43 33.87 29.73 17.22% 48.93 60.28 142.27 168.62 16.36 6.12 1.41 0.87 159.71 177.69 156.00

20 G M Breweries Ltd. Country liquor 209.41 219.34 187.41 201.42 91.83% 69.70 71.62 2.81 18.51 15.76 7.19% 0.06 0.02 10.85 11.92 10.68 13.16 4.88 5.57 3.50 4.73 156.70

21 Indo Nissin Foods Ltd. Noodles 93.66 97.82 46.53 58.80 60.11% 14.16 25.70 2.29 1.47 5.68 5.81% 21.68 28.40 52.25 36.47 18.16 27.22 2.16 2.51 22.63 17.47 157.30

22 Pioneer Agro Extracts Ltd. Vanaspati 101.08 90.11 95.05 81.96 90.96% 7.05 6.27 13.07 -0.55 2.24 2.49% 7.66 5.51 30.73 31.52 6.72 10.10 6.58 5.12 19.16 21.88 157.90

23 Tasty Bite Eatables Ltd.Semi processed snacks & foods,nec (Ready-to-eat instant foods)

45.78 72.28 32.49 53.62 74.18% 10.51 13.09 4.10 4.09 13.54 18.73% 66.61 58.58 71.77 49.22 52.71 46.63 4.42 2.12 7.84 3.98 159.20

24 Empee Distilleries Ltd. Indian made foreign liquors 200.02 268.66 156.48 198.35 73.83% 88.77 88.10 2.25 25.85 42.44 15.80% 11.05 9.44 21.13 15.86 48.43 37.21 4.06 1.46 8.64 7.31 160.70

25 Synco Industries Ltd. Edible oils 20.13 20.22 18.48 19.04 94.16% 1.53 3.57 5.33 0.94 3.29 16.27% 29.27 27.89 17.22 43.63 34.02 27.44 3.73 1.92 19.35 24.05 161.70

FERR

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Page 102: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com100 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

26 Jai Bharat Gum & Chemicals Ltd. Guar gum 154.55 135.17 138.83 111.03 82.14% 9.52 10.50 10.57 5.14 4.93 3.65% 39.69 86.27 2.53 4.72 13.31 20.13 18.29 18.62 45.89 35.41 165.80

27 Utkal Distilleries Ltd. Indian made foreign liquors 49.12 53.79 47.00 49.65 92.30% 4.18 4.05 12.26 -5.03 0.32 0.59% 83.70 75.76 196.40 127.52 23.19 17.89 10.75 7.78 8.25 5.86 166.90

28 Haryana Milk Foods Ltd. Skimmed milk powder 120.77 141.07 122.77 141.07 100.00% 5.72 5.13 27.50 1.98 2.29 1.62% 24.39 20.46 15.39 29.10 13.72 7.51 7.76 9.30 38.22 49.06 168.20

29 Dinshaw'S Dairy Foods Ltd. Icecreams & kulfi 184.42 210 140.43 168.40 80.19% 57.92 77.90 2.16 19.46 24.43 11.63% 4.85 4.73 63.61 61.39 29.28 23.09 0.45 0.42 12.37 31.00 169.80

30 Mount Shivalik Inds. Ltd. Beer 93.92 103.88 61.83 68.71 66.14% 20.45 26.72 2.57 5.52 4.39 4.23% 35.50 40.28 49.80 56.27 30.29 24.44 5.23 5.53 17.22 20.46 171.80

31 Cosmos Industries Ltd. Sugar 39.60 125.85 34.73 64.79 51.48% 32.37 31.29 2.07 10.13 12.79 10.16% 32.23 11.59 164.48 44.49 22.38 10.08 11.18 7.24 256.23 138.56 173.80

32 Dwarkadhish Sakhar Karkhana Ltd. Sugar 53.84 90.59 55.87 76.07 83.97% 30.63 69.04 1.10 7.78 10.46 11.55% 27.10 8.11 111.41 54.62 17.16 13.69 0.07 0.05 252.75 176.50 175.20

33 Chaitanya Oils Ltd. Rice bran oil 34.09 28.16 31.52 26.91 95.56% 1.70 1.57 17.14 0.69 0.57 2.02% 46.43 52.87 16.69 21.06 35.75 42.31 0.77 0.83 26.46 31.33 175.40

34 Umang Dairies Ltd. Dairy products 33.10 50.19 31.40 52.31 104.22% 10.75 18.78 2.79 -0.97 7.17 14.29% 12.26 8.78 173.66 166.88 13.83 10.66 1.98 2.17 33.73 31.93 175.50

35 Apis India Ltd. Honey 56.37 57.89 42.99 37.25 64.35% 1.13 1.15 32.39 3.33 2.59 4.47% 66.06 79.88 65.26 48.61 69.45 86.33 0.47 0.94 17.15 19.27 176.60

36 Camson Bio Technologies Ltd. Agriseed 49.33 79.82 19.16 25.53 31.98% 18.48 28.89 0.88 9.59 16.52 20.70% 46.35 44.12 31.05 29.67 17.12 9.13 181.94 123.83 284.27 195.50 176.60

37 Asian Lakto Inds. Ltd. Milk 17.67 21.32 15.65 19.44 91.18% 5.77 5.73 3.39 1.70 2.13 9.99% 26.03 27.22 88.17 73.81 31.60 34.62 0.81 1.30 1.63 8.57 177.60

38 Ramdev Food Products Ltd. Spices & Condiments 98.92 125.55 75.56 97.67 77.79% 15.06 17.83 5.48 10.76 10.85 8.64% 17.96 19.52 38.50 32.41 24.16 24.93 13.16 9.11 26.85 23.28 178.50

39 Sethia Oils Ltd. Rice bran oil 104.16 76.99 85.83 66.08 85.83% 9.15 8.46 7.81 9.08 6.42 8.34% 12.81 6.80 1.57 1.49 14.53 33.52 2.64 2.95 14.36 19.35 178.70

40 Trident Sugars Ltd. Sugar 79.06 58.96 51.98 78.72 133.51% 33.57 31.68 2.48 12.89 13.13 22.27% 2.74 6.01 36.45 56.92 18.32 10.14 2.49 0.86 125.42 266.10 178.80

41 I F B Agro Inds. Ltd. Rectified spirit 239.88 230.06 168.76 172.94 75.17% 71.07 66.76 2.59 28.47 17.48 7.60% 9.21 9.00 30.41 33.23 22.88 39.62 0.81 1.34 15.29 14.61 179.90

42 Sita Shree Food Products Ltd. Wheat flour 103.38 135.18 87.18 81.89 60.58% 5.86 8.19 10.00 2.71 4.81 3.56% 55.46 46.36 9.21 17.64 22.26 24.37 11.27 22.26 27.49 42.95 183.50

43 Milk Specialities Ltd. Milk powder 64.98 58.6 65.24 69.45 118.52% 10.99 10.01 6.94 4.61 4.98 8.50% 38.65 43.41 11.04 11.43 13.25 11.38 8.27 8.73 159.19 268.38 183.90

44 Piccadily Agro Inds. Ltd. Sugar 138.67 165.63 95.89 144.08 86.99% 46.13 73.54 1.96 18.86 29.26 17.67% 4.51 3.48 84.25 41.43 5.93 9.43 9.17 6.30 130.79 91.58 184.70

45 C C L Products (India) Ltd. Coffee 261.33 281.2 200.93 202.50 72.01% 229.80 211.14 0.96 52.86 63.03 22.41% 56.87 57.49 21.99 30.14 48.02 73.29 1.08 1.26 34.07 24.85 185.90

46 Tirupati Sugars Ltd. Sugar 10.22 82.68 27.56 107.50 130.02% 19.01 29.81 3.61 6.31 23.60 28.54% 0.44 1.81 344.56 187.73 25.46 6.59 3.87 1.05 463.73 328.92 187.00

47 Metro Dairy Ltd. Milk 202.65 213.53 178.10 189.23 88.62% 27.61 26.13 7.24 13.48 12.12 5.68% 0.05 0.05 21.95 23.97 45.23 40.66 1.62 1.80 4.05 3.87 187.10

48 Srinivasa Hatcheries Ltd. Poultry 83.86 121.37 61.58 81.25 66.94% 35.18 40.84 1.99 4.26 22.11 18.22% 2.93 1.57 53.46 71.82 8.49 7.25 14.40 15.04 57.76 52.99 187.50

49 Lilasons Industries Ltd. Beer 40.76 50.4 33.61 38.82 77.02% 14.91 18.21 2.13 2.37 4.65 9.23% 49.69 48.22 36.51 39.86 27.45 29.75 15.17 16.01 11.42 19.41 188.90

50 Tamil Nadu Sugar Corpn. Ltd. Sugar 97.27 132.75 69.95 85.77 64.61% 5.61 5.77 14.86 7.50 35.77 26.95% 2.77 2.59 129.33 139.43 15.31 11.94 7.76 7.43 252.34 173.51 190.20

51 Pearl Beverages Ltd. Soft drinks 93.32 130.9 60.38 88.43 67.56% 65.77 91.58 0.97 15.46 17.29 13.21% 21.18 23.21 148.63 136.49 32.52 52.84 0.46 0.61 7.16 5.74 190.50

52 S B E C Sugar Ltd. Sugar 294.78 158.85 180.24 239.93 151.04% 61.41 59.14 4.06 25.29 18.60 11.71% 7.37 16.01 102.67 232.38 11.63 8.42 1.66 1.94 76.95 240.68 190.60

53 Mahaan Foods Ltd. Milk powder 88.28 109.13 83.68 105.76 96.91% 6.64 6.16 17.17 2.88 2.10 1.92% 9.72 6.40 47.63 41.41 10.46 6.92 27.57 23.21 50.11 46.33 190.60

54 Winsome Breweries Ltd. Beer 15.45 48.31 12.40 43.85 90.77% 6.86 5.24 8.37 2.97 3.42 7.08% 47.96 37.59 221.09 115.66 83.62 22.94 63.93 20.12 56.48 12.78 191.80

55 J K Sugar Ltd. Sugar 124.35 97.38 66.80 143.51 147.37% 78.92 76.19 1.88 12.48 8.16 8.38% 9.12 6.30 240.64 224.78 12.99 5.28 3.71 0.39 234.64 320.48 193.20

56 Priya Food Products Ltd. Biscuits 55.58 45.8 51.89 41.25 90.07% 7.34 7.62 5.41 -0.40 1.65 3.60% 26.20 28.11 33.72 34.33 50.62 69.70 1.30 1.41 6.82 8.98 195.40

57 Naraingarh Sugar Mills Ltd. Sugar 82.18 103.74 59.67 90.12 86.87% 42.88 41.96 2.15 15.63 13.98 13.48% 9.48 5.27 113.37 58.32 9.11 10.08 1.95 2.55 350.82 251.28 195.40

58 K C P Sugar & Inds. Corpn. Ltd. Sugar 180.49 247.83 139.13 171.39 69.16% 138.19 135.22 1.27 32.71 48.14 19.42% 9.12 6.56 122.46 101.81 17.84 13.17 3.87 2.25 303.60 213.21 197.50

59 State Farms Corpn. Of India Ltd. Foodgrain 162.55 285.43 151.84 190.92 66.89% 31.03 35.72 5.34 20.13 41.58 14.57% 70.91 80.16 168.93 130.17 21.09 15.02 129.87 92.35 269.89 142.79 197.70

60 Sudalagunta Sugars Ltd. Sugar 93.52 108.31 70.37 77.08 71.17% 56.16 53.65 1.44 17.78 17.36 16.03% 6.49 12.67 78.05 103.28 37.96 23.33 2.35 0.60 334.73 244.73 198.30

61 Sudha Agro Oil & Chemical Inds. Ltd. Rice bran oil 145.67 131.59 123.73 121.71 92.49% 33.63 30.70 3.96 13.97 9.82 7.46% 29.52 34.68 26.24 36.14 34.35 31.60 6.06 6.96 20.54 24.64 198.50

62 Lotte India Corpn. Ltd. Chocolate & sugar confectionery 170.12 187.9 117.86 123.67 65.82% 57.77 54.52 2.27 5.94 9.70 5.16% 9.79 9.44 124.87 120.77 27.58 30.44 1.41 1.24 37.56 34.20 199.40

63 Sri Sarvaraya Sugars Ltd. Sugar 297.51 297.51 185.04 185.04 62.20% 187.97 187.97 0.98 65.61 65.61 22.05% 12.98 12.98 80.76 80.76 36.38 36.38 0.54 0.54 73.53 73.53 200.30

64 New Phaltan Sugar Works Ltd. Sugar 42.21 68.21 38.80 87.85 128.79% 22.72 23.40 3.75 0.84 2.56 3.75% 0.08 1.31 349.42 270.14 20.81 12.67 1.32 0.67 36.74 56.33 200.90

65 Rossell India Ltd. Tea 58.38 77.24 34.57 40.06 51.86% 108.10 112.17 0.36 13.72 29.01 37.56% 4.41 2.24 57.30 62.65 76.11 63.79 0.05 0.90 9.45 10.92 201.10

66 Hitkari Multifilters Ltd. Cigarette filter rods 45.48 56.89 40.00 48.97 86.08% 8.31 8.56 5.72 3.26 5.67 9.97% 29.45 27.80 61.64 57.58 71.71 65.32 3.23 3.53 4.13 5.24 203.40

67 United Provinces Sugar Co. Ltd. Sugar 90.10 124.49 73.14 133.40 107.16% 87.83 84.33 1.58 12.56 11.04 8.87% 1.03 0.25 48.49 74.52 22.99 10.93 2.94 1.02 303.59 228.52 204.90

68 Lotus Chocolate Co. Ltd. Chocolate & sugar confectionery 26.38 30.32 23.10 25.21 83.15% 3.15 3.66 6.89 2.70 2.14 7.06% 42.00 38.57 24.38 33.04 38.00 46.24 3.78 6.93 20.21 27.95 207.10

69 Hind Filters Ltd. Cigarette filter rods 41.61 41.97 34.57 37.83 90.14% 4.85 3.96 9.55 6.53 7.98 19.01% 27.71 36.65 37.35 61.02 128.49 110.35 1.08 1.83 18.08 19.66 207.50

70 Himalya International Ltd. Mushroom 62.39 68.97 28.67 34.44 49.93% 59.94 60.89 0.57 19.09 24.01 34.81% 77.19 101.85 20.11 21.59 24.96 28.81 28.06 38.30 193.31 199.54 208.20

71 Natural Vanaspati Ltd. Vegetable oils 14.61 15.34 9.18 7.59 49.48% 6.67 5.38 1.41 0.44 1.78 11.60% 61.04 38.52 387.26 321.20 27.04 29.77 4.30 4.84 39.01 33.24 208.90

72 Blossom Industries Ltd. Beer 92.46 151.4 63.58 99.75 65.89% 87.47 86.42 1.15 14.53 22.82 15.07% 21.48 25.11 111.37 78.94 40.22 31.59 9.00 10.78 17.54 21.32 209.10

73 Kashipur Sugar Mills Ltd. Sugar 64.60 64.6 39.48 39.48 61.11% 26.01 26.01 1.52 2.56 2.56 3.96% 10.16 10.16 89.60 89.60 23.83 23.83 4.93 4.93 37.85 37.85 209.80

74 Ravikumar Distilleries Ltd. Indian made foreign liquors 42.52 47.58 21.49 24.33 51.13% 9.25 6.32 3.85 5.97 6.34 13.32% 80.50 73.53 38.04 35.13 120.41 129.70 8.19 7.00 21.09 21.98 210.60

75 Millennium Beer Inds. Ltd. Beer 229.23 272.31 157.95 192.96 70.86% 97.43 87.89 2.20 4.88 10.87 3.99% 48.14 53.30 112.15 146.84 20.31 21.73 25.79 52.38 18.18 27.68 210.90

76 Om Oil & Flour Mills Ltd. Spices & Condiments 60.99 79.37 53.88 69.42 87.46% 26.13 27.92 2.49 5.89 5.84 7.36% 11.18 8.69 74.99 67.88 45.43 33.61 2.98 2.17 25.28 25.92 211.90

77 Parrys Sugar Industries Ltd. Sugar 126.77 204.46 111.36 243.55 119.12% 456.15 494.88 0.49 29.23 7.56 3.70% 58.99 37.17 184.20 93.84 33.51 15.63 3.57 2.24 118.43 102.09 212.00

78 Perambalur Sugar Mills Ltd. Sugar 82.24 90.62 67.32 69.30 76.47% 5.80 7.08 9.79 -0.64 15.83 17.47% 0.67 0.97 135.74 146.66 19.24 14.31 7.05 6.07 212.21 187.36 212.40

79 B C L Industries & Infrastructures Ltd. Fats & oils and derived products 459.21 298.48 440.53 287.55 96.34% 16.15 17.92 16.05 18.90 11.76 3.94% 20.95 35.35 31.72 46.13 31.91 59.62 1.80 2.61 9.96 22.10 212.90

80 Devans Modern Breweries Ltd. Beer 139.71 193.44 96.22 119.90 61.98% 53.41 53.87 2.23 15.31 18.92 9.78% 42.99 46.89 49.81 40.42 35.86 34.24 32.01 30.51 35.60 37.24 214.30

81 Daawat Foods Ltd. Rice 204.09 177.85 118.09 123.09 69.21% 41.51 41.15 2.99 36.33 23.89 13.43% 14.06 59.28 22.85 21.12 259.98 242.80 1.63 4.26 20.01 25.46 215.40

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 103: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 101www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

26 Jai Bharat Gum & Chemicals Ltd. Guar gum 154.55 135.17 138.83 111.03 82.14% 9.52 10.50 10.57 5.14 4.93 3.65% 39.69 86.27 2.53 4.72 13.31 20.13 18.29 18.62 45.89 35.41 165.80

27 Utkal Distilleries Ltd. Indian made foreign liquors 49.12 53.79 47.00 49.65 92.30% 4.18 4.05 12.26 -5.03 0.32 0.59% 83.70 75.76 196.40 127.52 23.19 17.89 10.75 7.78 8.25 5.86 166.90

28 Haryana Milk Foods Ltd. Skimmed milk powder 120.77 141.07 122.77 141.07 100.00% 5.72 5.13 27.50 1.98 2.29 1.62% 24.39 20.46 15.39 29.10 13.72 7.51 7.76 9.30 38.22 49.06 168.20

29 Dinshaw'S Dairy Foods Ltd. Icecreams & kulfi 184.42 210 140.43 168.40 80.19% 57.92 77.90 2.16 19.46 24.43 11.63% 4.85 4.73 63.61 61.39 29.28 23.09 0.45 0.42 12.37 31.00 169.80

30 Mount Shivalik Inds. Ltd. Beer 93.92 103.88 61.83 68.71 66.14% 20.45 26.72 2.57 5.52 4.39 4.23% 35.50 40.28 49.80 56.27 30.29 24.44 5.23 5.53 17.22 20.46 171.80

31 Cosmos Industries Ltd. Sugar 39.60 125.85 34.73 64.79 51.48% 32.37 31.29 2.07 10.13 12.79 10.16% 32.23 11.59 164.48 44.49 22.38 10.08 11.18 7.24 256.23 138.56 173.80

32 Dwarkadhish Sakhar Karkhana Ltd. Sugar 53.84 90.59 55.87 76.07 83.97% 30.63 69.04 1.10 7.78 10.46 11.55% 27.10 8.11 111.41 54.62 17.16 13.69 0.07 0.05 252.75 176.50 175.20

33 Chaitanya Oils Ltd. Rice bran oil 34.09 28.16 31.52 26.91 95.56% 1.70 1.57 17.14 0.69 0.57 2.02% 46.43 52.87 16.69 21.06 35.75 42.31 0.77 0.83 26.46 31.33 175.40

34 Umang Dairies Ltd. Dairy products 33.10 50.19 31.40 52.31 104.22% 10.75 18.78 2.79 -0.97 7.17 14.29% 12.26 8.78 173.66 166.88 13.83 10.66 1.98 2.17 33.73 31.93 175.50

35 Apis India Ltd. Honey 56.37 57.89 42.99 37.25 64.35% 1.13 1.15 32.39 3.33 2.59 4.47% 66.06 79.88 65.26 48.61 69.45 86.33 0.47 0.94 17.15 19.27 176.60

36 Camson Bio Technologies Ltd. Agriseed 49.33 79.82 19.16 25.53 31.98% 18.48 28.89 0.88 9.59 16.52 20.70% 46.35 44.12 31.05 29.67 17.12 9.13 181.94 123.83 284.27 195.50 176.60

37 Asian Lakto Inds. Ltd. Milk 17.67 21.32 15.65 19.44 91.18% 5.77 5.73 3.39 1.70 2.13 9.99% 26.03 27.22 88.17 73.81 31.60 34.62 0.81 1.30 1.63 8.57 177.60

38 Ramdev Food Products Ltd. Spices & Condiments 98.92 125.55 75.56 97.67 77.79% 15.06 17.83 5.48 10.76 10.85 8.64% 17.96 19.52 38.50 32.41 24.16 24.93 13.16 9.11 26.85 23.28 178.50

39 Sethia Oils Ltd. Rice bran oil 104.16 76.99 85.83 66.08 85.83% 9.15 8.46 7.81 9.08 6.42 8.34% 12.81 6.80 1.57 1.49 14.53 33.52 2.64 2.95 14.36 19.35 178.70

40 Trident Sugars Ltd. Sugar 79.06 58.96 51.98 78.72 133.51% 33.57 31.68 2.48 12.89 13.13 22.27% 2.74 6.01 36.45 56.92 18.32 10.14 2.49 0.86 125.42 266.10 178.80

41 I F B Agro Inds. Ltd. Rectified spirit 239.88 230.06 168.76 172.94 75.17% 71.07 66.76 2.59 28.47 17.48 7.60% 9.21 9.00 30.41 33.23 22.88 39.62 0.81 1.34 15.29 14.61 179.90

42 Sita Shree Food Products Ltd. Wheat flour 103.38 135.18 87.18 81.89 60.58% 5.86 8.19 10.00 2.71 4.81 3.56% 55.46 46.36 9.21 17.64 22.26 24.37 11.27 22.26 27.49 42.95 183.50

43 Milk Specialities Ltd. Milk powder 64.98 58.6 65.24 69.45 118.52% 10.99 10.01 6.94 4.61 4.98 8.50% 38.65 43.41 11.04 11.43 13.25 11.38 8.27 8.73 159.19 268.38 183.90

44 Piccadily Agro Inds. Ltd. Sugar 138.67 165.63 95.89 144.08 86.99% 46.13 73.54 1.96 18.86 29.26 17.67% 4.51 3.48 84.25 41.43 5.93 9.43 9.17 6.30 130.79 91.58 184.70

45 C C L Products (India) Ltd. Coffee 261.33 281.2 200.93 202.50 72.01% 229.80 211.14 0.96 52.86 63.03 22.41% 56.87 57.49 21.99 30.14 48.02 73.29 1.08 1.26 34.07 24.85 185.90

46 Tirupati Sugars Ltd. Sugar 10.22 82.68 27.56 107.50 130.02% 19.01 29.81 3.61 6.31 23.60 28.54% 0.44 1.81 344.56 187.73 25.46 6.59 3.87 1.05 463.73 328.92 187.00

47 Metro Dairy Ltd. Milk 202.65 213.53 178.10 189.23 88.62% 27.61 26.13 7.24 13.48 12.12 5.68% 0.05 0.05 21.95 23.97 45.23 40.66 1.62 1.80 4.05 3.87 187.10

48 Srinivasa Hatcheries Ltd. Poultry 83.86 121.37 61.58 81.25 66.94% 35.18 40.84 1.99 4.26 22.11 18.22% 2.93 1.57 53.46 71.82 8.49 7.25 14.40 15.04 57.76 52.99 187.50

49 Lilasons Industries Ltd. Beer 40.76 50.4 33.61 38.82 77.02% 14.91 18.21 2.13 2.37 4.65 9.23% 49.69 48.22 36.51 39.86 27.45 29.75 15.17 16.01 11.42 19.41 188.90

50 Tamil Nadu Sugar Corpn. Ltd. Sugar 97.27 132.75 69.95 85.77 64.61% 5.61 5.77 14.86 7.50 35.77 26.95% 2.77 2.59 129.33 139.43 15.31 11.94 7.76 7.43 252.34 173.51 190.20

51 Pearl Beverages Ltd. Soft drinks 93.32 130.9 60.38 88.43 67.56% 65.77 91.58 0.97 15.46 17.29 13.21% 21.18 23.21 148.63 136.49 32.52 52.84 0.46 0.61 7.16 5.74 190.50

52 S B E C Sugar Ltd. Sugar 294.78 158.85 180.24 239.93 151.04% 61.41 59.14 4.06 25.29 18.60 11.71% 7.37 16.01 102.67 232.38 11.63 8.42 1.66 1.94 76.95 240.68 190.60

53 Mahaan Foods Ltd. Milk powder 88.28 109.13 83.68 105.76 96.91% 6.64 6.16 17.17 2.88 2.10 1.92% 9.72 6.40 47.63 41.41 10.46 6.92 27.57 23.21 50.11 46.33 190.60

54 Winsome Breweries Ltd. Beer 15.45 48.31 12.40 43.85 90.77% 6.86 5.24 8.37 2.97 3.42 7.08% 47.96 37.59 221.09 115.66 83.62 22.94 63.93 20.12 56.48 12.78 191.80

55 J K Sugar Ltd. Sugar 124.35 97.38 66.80 143.51 147.37% 78.92 76.19 1.88 12.48 8.16 8.38% 9.12 6.30 240.64 224.78 12.99 5.28 3.71 0.39 234.64 320.48 193.20

56 Priya Food Products Ltd. Biscuits 55.58 45.8 51.89 41.25 90.07% 7.34 7.62 5.41 -0.40 1.65 3.60% 26.20 28.11 33.72 34.33 50.62 69.70 1.30 1.41 6.82 8.98 195.40

57 Naraingarh Sugar Mills Ltd. Sugar 82.18 103.74 59.67 90.12 86.87% 42.88 41.96 2.15 15.63 13.98 13.48% 9.48 5.27 113.37 58.32 9.11 10.08 1.95 2.55 350.82 251.28 195.40

58 K C P Sugar & Inds. Corpn. Ltd. Sugar 180.49 247.83 139.13 171.39 69.16% 138.19 135.22 1.27 32.71 48.14 19.42% 9.12 6.56 122.46 101.81 17.84 13.17 3.87 2.25 303.60 213.21 197.50

59 State Farms Corpn. Of India Ltd. Foodgrain 162.55 285.43 151.84 190.92 66.89% 31.03 35.72 5.34 20.13 41.58 14.57% 70.91 80.16 168.93 130.17 21.09 15.02 129.87 92.35 269.89 142.79 197.70

60 Sudalagunta Sugars Ltd. Sugar 93.52 108.31 70.37 77.08 71.17% 56.16 53.65 1.44 17.78 17.36 16.03% 6.49 12.67 78.05 103.28 37.96 23.33 2.35 0.60 334.73 244.73 198.30

61 Sudha Agro Oil & Chemical Inds. Ltd. Rice bran oil 145.67 131.59 123.73 121.71 92.49% 33.63 30.70 3.96 13.97 9.82 7.46% 29.52 34.68 26.24 36.14 34.35 31.60 6.06 6.96 20.54 24.64 198.50

62 Lotte India Corpn. Ltd. Chocolate & sugar confectionery 170.12 187.9 117.86 123.67 65.82% 57.77 54.52 2.27 5.94 9.70 5.16% 9.79 9.44 124.87 120.77 27.58 30.44 1.41 1.24 37.56 34.20 199.40

63 Sri Sarvaraya Sugars Ltd. Sugar 297.51 297.51 185.04 185.04 62.20% 187.97 187.97 0.98 65.61 65.61 22.05% 12.98 12.98 80.76 80.76 36.38 36.38 0.54 0.54 73.53 73.53 200.30

64 New Phaltan Sugar Works Ltd. Sugar 42.21 68.21 38.80 87.85 128.79% 22.72 23.40 3.75 0.84 2.56 3.75% 0.08 1.31 349.42 270.14 20.81 12.67 1.32 0.67 36.74 56.33 200.90

65 Rossell India Ltd. Tea 58.38 77.24 34.57 40.06 51.86% 108.10 112.17 0.36 13.72 29.01 37.56% 4.41 2.24 57.30 62.65 76.11 63.79 0.05 0.90 9.45 10.92 201.10

66 Hitkari Multifilters Ltd. Cigarette filter rods 45.48 56.89 40.00 48.97 86.08% 8.31 8.56 5.72 3.26 5.67 9.97% 29.45 27.80 61.64 57.58 71.71 65.32 3.23 3.53 4.13 5.24 203.40

67 United Provinces Sugar Co. Ltd. Sugar 90.10 124.49 73.14 133.40 107.16% 87.83 84.33 1.58 12.56 11.04 8.87% 1.03 0.25 48.49 74.52 22.99 10.93 2.94 1.02 303.59 228.52 204.90

68 Lotus Chocolate Co. Ltd. Chocolate & sugar confectionery 26.38 30.32 23.10 25.21 83.15% 3.15 3.66 6.89 2.70 2.14 7.06% 42.00 38.57 24.38 33.04 38.00 46.24 3.78 6.93 20.21 27.95 207.10

69 Hind Filters Ltd. Cigarette filter rods 41.61 41.97 34.57 37.83 90.14% 4.85 3.96 9.55 6.53 7.98 19.01% 27.71 36.65 37.35 61.02 128.49 110.35 1.08 1.83 18.08 19.66 207.50

70 Himalya International Ltd. Mushroom 62.39 68.97 28.67 34.44 49.93% 59.94 60.89 0.57 19.09 24.01 34.81% 77.19 101.85 20.11 21.59 24.96 28.81 28.06 38.30 193.31 199.54 208.20

71 Natural Vanaspati Ltd. Vegetable oils 14.61 15.34 9.18 7.59 49.48% 6.67 5.38 1.41 0.44 1.78 11.60% 61.04 38.52 387.26 321.20 27.04 29.77 4.30 4.84 39.01 33.24 208.90

72 Blossom Industries Ltd. Beer 92.46 151.4 63.58 99.75 65.89% 87.47 86.42 1.15 14.53 22.82 15.07% 21.48 25.11 111.37 78.94 40.22 31.59 9.00 10.78 17.54 21.32 209.10

73 Kashipur Sugar Mills Ltd. Sugar 64.60 64.6 39.48 39.48 61.11% 26.01 26.01 1.52 2.56 2.56 3.96% 10.16 10.16 89.60 89.60 23.83 23.83 4.93 4.93 37.85 37.85 209.80

74 Ravikumar Distilleries Ltd. Indian made foreign liquors 42.52 47.58 21.49 24.33 51.13% 9.25 6.32 3.85 5.97 6.34 13.32% 80.50 73.53 38.04 35.13 120.41 129.70 8.19 7.00 21.09 21.98 210.60

75 Millennium Beer Inds. Ltd. Beer 229.23 272.31 157.95 192.96 70.86% 97.43 87.89 2.20 4.88 10.87 3.99% 48.14 53.30 112.15 146.84 20.31 21.73 25.79 52.38 18.18 27.68 210.90

76 Om Oil & Flour Mills Ltd. Spices & Condiments 60.99 79.37 53.88 69.42 87.46% 26.13 27.92 2.49 5.89 5.84 7.36% 11.18 8.69 74.99 67.88 45.43 33.61 2.98 2.17 25.28 25.92 211.90

77 Parrys Sugar Industries Ltd. Sugar 126.77 204.46 111.36 243.55 119.12% 456.15 494.88 0.49 29.23 7.56 3.70% 58.99 37.17 184.20 93.84 33.51 15.63 3.57 2.24 118.43 102.09 212.00

78 Perambalur Sugar Mills Ltd. Sugar 82.24 90.62 67.32 69.30 76.47% 5.80 7.08 9.79 -0.64 15.83 17.47% 0.67 0.97 135.74 146.66 19.24 14.31 7.05 6.07 212.21 187.36 212.40

79 B C L Industries & Infrastructures Ltd. Fats & oils and derived products 459.21 298.48 440.53 287.55 96.34% 16.15 17.92 16.05 18.90 11.76 3.94% 20.95 35.35 31.72 46.13 31.91 59.62 1.80 2.61 9.96 22.10 212.90

80 Devans Modern Breweries Ltd. Beer 139.71 193.44 96.22 119.90 61.98% 53.41 53.87 2.23 15.31 18.92 9.78% 42.99 46.89 49.81 40.42 35.86 34.24 32.01 30.51 35.60 37.24 214.30

81 Daawat Foods Ltd. Rice 204.09 177.85 118.09 123.09 69.21% 41.51 41.15 2.99 36.33 23.89 13.43% 14.06 59.28 22.85 21.12 259.98 242.80 1.63 4.26 20.01 25.46 215.40

FOOD

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Page 104: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com102 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

82Shri Prabhulingeshwar Sugars & Chemicals Ltd.

Sugar 190.65 218.48 157.81 269.55 123.38% 141.30 132.65 2.03 32.48 34.00 15.56% 11.20 3.10 165.81 189.71 19.09 11.91 1.40 1.93 172.09 234.56 216.60

83 Vishnu Sugar Mills Ltd. Sugar 57.64 96.78 41.12 74.89 77.38% 37.22 36.61 2.05 9.41 6.94 7.17% 6.01 3.49 79.81 34.49 27.86 13.82 9.41 9.29 435.97 188.26 217.50

84 Prudential Sugar Corpn. Ltd. Sugar 50.35 72.46 55.34 68.12 94.01% 34.13 31.35 2.17 6.14 5.29 7.30% 60.54 35.92 141.03 148.69 39.83 30.66 2.56 1.10 115.74 113.76 218.00

85 Indian Wood Products Co. Ltd. Products of food, beverages & tobacco, nec 35.35 55.77 29.47 53.16 95.32% 4.84 5.08 10.46 1.85 3.19 5.72% 124.03 80.20 94.63 69.05 37.16 25.16 40.41 34.08 68.75 54.77 218.30

86 A D F Foods Ltd.Semi processed snacks & foods,nec (Ready-to-eat instant foods)

96.47 100.67 53.73 56.90 56.52% 40.00 43.70 1.30 18.43 24.91 24.74% 28.73 32.47 45.81 33.15 48.33 44.10 46.67 36.74 38.44 31.38 220.40

87 Ravalgaon Sugar Farm Ltd. Sugar 91.54 61.2 45.69 29.30 47.88% 22.21 20.69 1.42 12.65 12.15 19.85% 9.10 13.87 41.37 41.91 46.04 85.25 2.73 1.12 178.97 108.48 224.80

88 Sri Chamundeswari Sugars Ltd. Sugar 192.39 194.95 130.44 164.93 84.60% 302.90 306.82 0.54 40.98 56.77 29.12% 26.07 24.84 87.83 147.82 31.27 28.03 5.20 5.04 43.12 58.32 224.90

89 Khemani Distilleries Pvt. Ltd. Indian made foreign liquors 129.52 137.16 102.24 111.34 81.18% 21.41 27.20 4.09 23.96 18.33 13.36% 4.62 10.78 48.69 53.31 62.79 78.70 6.61 3.77 23.34 21.56 225.70

90 Kesar Enterprises Ltd. Sugar 218.04 200.89 170.78 248.96 123.93% 91.02 60.36 4.12 33.52 27.69 13.78% 12.71 14.38 73.91 38.73 44.52 25.23 4.11 3.77 283.19 389.63 225.80

91 Associated Alcohols & Breweries Ltd.Ethyl alcohol (strength less than 80%) - (potable alcohol)

70.69 80.66 59.13 70.65 87.59% 31.76 33.84 2.09 7.24 7.21 8.94% 60.60 53.87 71.67 67.08 112.85 95.22 1.80 2.08 20.90 24.81 230.00

92 Keventer Agro Ltd. Fruit juice 122.88 179.06 57.71 72.98 40.76% 35.17 66.00 1.11 13.48 18.53 10.35% 35.52 25.42 32.43 42.70 50.23 40.63 22.43 23.47 29.47 35.91 231.80

93 Mohan Rocky Springwater Breweries Ltd. Indian made foreign liquors 31.19 32.72 32.46 31.53 96.36% 4.29 4.43 7.12 2.66 2.25 6.88% 31.42 39.71 61.98 75.08 47.26 43.49 11.54 12.00 25.98 24.33 233.00

94 Capital Foods Ltd. Sauces & ketchup 61.97 72.2 29.09 35.71 49.46% 27.18 26.72 1.34 6.51 6.35 8.80% 41.05 49.34 70.00 56.44 96.46 106.45 2.34 2.48 31.19 39.92 233.20

95 Baramati Agro Ltd. Sugar 99.92 282.82 117.60 315.43 111.53% 81.99 202.69 1.56 17.47 40.94 14.48% 14.08 7.76 30.21 59.08 9.74 17.97 15.72 14.32 187.32 157.93 235.30

96 Rasoi Ltd. Vanaspati 160.70 87.26 136.64 66.24 75.91% 31.76 37.70 1.76 -7.09 16.15 18.51% 16.99 25.21 89.36 104.86 39.19 38.98 10.70 11.82 23.66 37.02 235.60

97 Prag Distillery Pvt. Ltd. Indian made foreign liquors 6.55 32.48 5.96 20.68 63.67% 10.29 9.92 2.08 0.30 7.12 21.92% 78.39 47.98 68.54 23.99 92.05 49.48 12.08 72.42 17.00 121.49 236.00

98 Wahid Sandhar Sugars Ltd. Sugar 101.05 104.15 83.65 82.45 79.16% 94.49 112.59 0.73 10.65 19.84 19.05% 1.82 3.24 102.90 91.23 25.82 31.25 7.94 1.94 172.68 176.27 236.90

99 Mihijam Vanaspati Ltd. Vanaspati 66.85 72.38 62.58 69.33 95.79% 2.54 4.31 16.09 1.33 2.02 2.79% 102.31 123.15 174.43 195.18 74.77 84.96 6.88 8.99 11.05 12.48 239.60

100 Avanti Feeds Ltd. Other animal feed 72.81 96.01 62.47 92.17 96.00% 30.05 27.85 3.31 -0.12 3.11 3.24% 72.42 46.24 48.71 45.50 88.07 63.69 7.52 4.64 60.08 39.47 241.50

101 Flex Foods Ltd. Mushroom 44.63 37.4 24.84 25.38 67.86% 41.76 38.69 0.66 14.81 10.68 28.56% 67.81 69.06 63.12 50.96 73.18 47.79 16.33 22.33 94.22 135.95 241.50

102 Technico Agri Sciences Ltd. Agriseed 27.73 55.11 28.38 34.05 61.79% 11.00 11.26 3.02 4.04 15.05 27.31% 13.94 8.14 129.42 204.80 59.96 62.62 0.48 0.40 604.45 408.51 242.40

103 Sunrise Spices Ltd. Spices & Condiments 60.58 76.74 46.99 64.15 83.59% 8.12 9.96 6.44 4.03 6.60 8.60% 20.79 24.42 65.12 70.79 47.92 56.75 10.26 8.98 33.53 40.08 243.90

104 Harinagar Sugar Mills Ltd. Sugar 211.71 278.36 132.36 204.10 73.32% 136.06 133.71 1.53 55.43 43.87 15.76% 3.96 1.41 85.28 71.36 31.92 18.91 19.90 16.03 382.62 237.89 244.70

105 Rangar Breweries Ltd.Ethyl alcohol (strength less than 80%) - (potable alcohol)

38.23 45.26 31.88 37.61 83.10% 9.90 10.51 3.58 2.47 2.61 5.77% 81.93 84.67 142.71 129.86 83.06 62.52 23.94 14.99 45.29 32.07 245.70

106 Kothari Fermentation & Biochem Ltd. Yeasts 23.27 19.08 16.10 13.59 71.23% 13.93 14.55 0.93 2.18 2.08 10.90% 39.53 68.68 35.11 64.51 49.72 59.65 11.80 24.00 27.40 38.82 252.40

107 Riga Sugar Co. Ltd. Sugar 89.03 115.11 56.11 200.26 173.97% 83.96 85.08 2.35 18.91 20.16 17.51% 2.09 3.88 32.83 143.16 71.15 18.68 2.26 5.83 122.00 474.34 253.70

108 S S D Oil Mills Co. Ltd. Edible oils 292.29 271.27 275.89 262.16 96.64% 22.60 19.65 13.34 11.18 9.21 3.40% 14.41 17.77 75.00 103.20 28.97 37.07 6.17 9.08 55.83 73.08 256.00

109 Som Distilleries & Breweries Ltd. Beer 66.64 97.32 34.33 57.56 59.15% 20.08 19.46 2.96 10.05 12.63 12.98% 103.64 76.18 196.76 120.07 200.65 132.26 19.19 14.50 53.96 42.74 257.30

110 Empire Spices & Foods Ltd. Spices & Condiments 32.56 36.93 25.34 27.05 73.25% 6.48 6.96 3.89 2.10 2.41 6.53% 43.36 39.28 75.08 77.47 69.19 78.93 15.89 10.55 45.86 50.09 262.00

111 Tamilnadu Tea Plantation Corpn. Ltd. Tea 66.59 74.35 50.81 58.26 78.36% 32.33 33.64 1.73 10.96 12.47 16.77% 17.83 18.09 287.91 234.95 1191.84 10493.75 1.40 0.50 41.65 63.09 263.60

112 Andrew Yule & Co. Ltd. Tea 181.39 194.06 162.69 167.95 86.55% 166.87 170.07 0.99 55.95 101.75 52.43% 192.92 146.88 213.53 232.51 73.60 86.11 16.43 19.13 31.37 36.55 264.00

113 Global Green Co. Ltd. Pickles & chutneys 186.71 182.44 114.54 130.18 71.35% 46.98 43.94 2.96 18.30 32.86 18.01% 44.36 74.08 163.87 162.10 78.59 74.81 77.11 106.12 73.53 91.57 270.70

114 Kanoria Sugar & General Mfg. Co. Ltd. Sugar 117.01 62.32 64.13 95.83 153.77% 42.92 38.88 2.46 4.98 2.96 4.75% 36.18 75.55 153.55 115.87 63.41 37.52 5.24 7.65 145.36 295.16 272.10

115 Rungamattee Tea & Inds. Ltd. Tea 32.45 38.61 24.35 30.00 77.70% 7.48 7.97 3.76 2.14 2.78 7.20% 5.62 9.79 37.80 51.52 220.29 190.21 9.15 7.26 50.77 46.44 275.70

116 Empee Sugars & Chemicals Ltd. Sugar 46.19 45.81 36.13 20.17 44.03% 41.21 46.70 0.43 7.54 8.54 18.64% 18.30 16.76 122.59 443.79 12.83 189.93 1.58 1.55 234.82 210.00 278.70

117 Khaitan (India) Ltd. Sugar 19.54 17.9 11.16 13.48 75.31% 66.38 64.60 0.21 3.12 2.07 11.56% 233.51 111.17 342.14 255.65 55.22 34.71 217.06 202.65 241.18 256.14 280.60

118 Jeypore Sugar Co. Ltd. Sugar 178.03 240.79 139.81 160.00 66.45% 139.27 133.38 1.20 40.85 61.98 25.74% 16.70 9.57 570.66 404.61 131.88 74.73 5.83 3.77 374.77 288.76 286.70

119 Khoday India Ltd. Indian made foreign liquors 109.59 129.44 81.55 100.21 77.42% 50.45 47.16 2.12 14.83 16.96 13.10% 50.33 41.57 75.01 73.32 69.35 59.16 309.31 308.89 284.19 278.87 288.90

120 Shakumbari Sugar & Allied Inds. Ltd. Sugar 72.07 95.87 60.48 117.02 122.06% 109.93 107.99 1.08 2.87 8.98 9.37% 8.88 8.63 72.77 312.43 57.95 34.18 5.94 4.09 236.88 331.27 290.80

121 Zuari Seeds Ltd. Hybrid seeds 34.12 36.35 25.79 23.35 64.24% 9.79 9.24 2.53 -6.38 1.99 5.47% 95.89 98.46 248.28 264.06 104.72 111.80 20.31 24.16 105.89 138.01 291.00

122 Dharampal Premchand Ltd. Chewing tobacco, jarda, scented tobacco 128.97 201.56 92.78 183.52 91.05% 34.50 261.17 0.70 -6.62 47.96 23.79% 12.30 12.83 103.27 58.96 155.91 88.67 17.53 16.92 67.12 80.68 291.40

123 Duncans Industries Ltd. Tea 138.53 156.82 118.19 125.83 80.24% 360.32 345.93 0.36 -29.12 31.10 19.83% 27.63 20.46 1006.80 982.07 893.24 820.29 5.11 4.82 28.97 43.72 293.40

124 Kaveri Seed Co. Ltd. Agriseed 122.63 163.36 71.42 102.87 62.97% 46.19 79.22 1.30 29.91 36.76 22.50% 115.76 91.73 243.61 253.24 222.50 263.96 10.67 43.30 99.81 173.58 296.00

125 Golden Tobacco Ltd. Cigarettes 91.39 98.86 72.57 76.18 77.06% 65.76 25.94 2.94 15.90 4.19 4.24% 41.33 28.31 121.02 271.24 455.65 371.62 13.30 14.37 48.41 40.50 299.80

126 Pioneer Distilleries Ltd. Ethyl alcohol (strength 80% or higher) 69.92 42.66 53.03 36.76 86.17% 57.68 54.51 0.67 16.37 12.29 28.81% 8.37 18.13 46.71 161.36 81.08 227.35 6.30 23.69 46.16 198.87 321.20

127 Waterbase Ltd. Animal and bird feeds 33.96 27.77 32.06 22.83 82.21% 19.64 17.52 1.30 8.35 0.18 0.65% 404.97 449.92 536.73 627.68 359.51 447.40 5.63 36.55 256.60 352.53 341.20

G E M S & J E W E L L E R Y

1 Golkunda Diamonds & Jewellery Ltd. Diamonds 55.97 81.56 17.30 27.29 33.46% 1.69 1.57 17.38 5.54 2.69 3.30% 218.14 168.43 48.73 40.63 126.03 74.41 0.21 0.13 8.29 11.71 10.10

2 Suashish Jewelry India Ltd. Diamonds 51.72 61.45 40.93 50.57 82.29% 10.43 10.06 5.03 11.97 13.66 22.23% 64.86 156.03 76.15 72.83 7.48 16.31 6.09 26.63 6.11 26.88 11.60

3 D'Damas Jewellery (India) Pvt. Ltd. Jewellery 89.18 291.51 30.61 193.33 66.32% 0.51 0.65 297.43 2.88 4.18 1.43% 213.09 84.56 285.17 69.04 248.27 35.55 13.63 1.07 113.58 28.94 12.20

4 Neogem India Ltd. Jewellery of gold 15.50 23.9 13.01 19.87 83.14% 1.32 1.16 17.13 -1.29 2.03 8.49% 498.64 421.96 210.68 344.60 227.71 79.77 18.40 8.32 45.50 11.55 13.10

5 Vaibhav Gems Ltd. Jewellery of gold 171.66 121.31 163.85 108.16 89.16% 9.05 9.12 11.86 -237.58 15.98 13.17% 364.50 481.26 27.79 29.12 153.21 217.97 11.07 1.98 15.17 5.35 13.60

6 K P Sanghvi Intl. Ltd. Jewellery 57.37 42.82 50.85 34.86 81.41% 14.06 12.44 2.80 9.23 6.77 15.81% 58.95 94.28 51.74 89.14 26.24 42.30 3.93 8.14 13.35 29.88 14.40

7 Mohit Diamonds Pvt. Ltd. Diamonds 189.10 229.37 188.03 200.82 87.55% 16.82 16.23 12.37 10.53 13.18 5.75% 96.77 90.18 15.70 16.14 119.37 116.16 0.60 1.07 55.53 54.99 18.10

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 103www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

82Shri Prabhulingeshwar Sugars & Chemicals Ltd.

Sugar 190.65 218.48 157.81 269.55 123.38% 141.30 132.65 2.03 32.48 34.00 15.56% 11.20 3.10 165.81 189.71 19.09 11.91 1.40 1.93 172.09 234.56 216.60

83 Vishnu Sugar Mills Ltd. Sugar 57.64 96.78 41.12 74.89 77.38% 37.22 36.61 2.05 9.41 6.94 7.17% 6.01 3.49 79.81 34.49 27.86 13.82 9.41 9.29 435.97 188.26 217.50

84 Prudential Sugar Corpn. Ltd. Sugar 50.35 72.46 55.34 68.12 94.01% 34.13 31.35 2.17 6.14 5.29 7.30% 60.54 35.92 141.03 148.69 39.83 30.66 2.56 1.10 115.74 113.76 218.00

85 Indian Wood Products Co. Ltd. Products of food, beverages & tobacco, nec 35.35 55.77 29.47 53.16 95.32% 4.84 5.08 10.46 1.85 3.19 5.72% 124.03 80.20 94.63 69.05 37.16 25.16 40.41 34.08 68.75 54.77 218.30

86 A D F Foods Ltd.Semi processed snacks & foods,nec (Ready-to-eat instant foods)

96.47 100.67 53.73 56.90 56.52% 40.00 43.70 1.30 18.43 24.91 24.74% 28.73 32.47 45.81 33.15 48.33 44.10 46.67 36.74 38.44 31.38 220.40

87 Ravalgaon Sugar Farm Ltd. Sugar 91.54 61.2 45.69 29.30 47.88% 22.21 20.69 1.42 12.65 12.15 19.85% 9.10 13.87 41.37 41.91 46.04 85.25 2.73 1.12 178.97 108.48 224.80

88 Sri Chamundeswari Sugars Ltd. Sugar 192.39 194.95 130.44 164.93 84.60% 302.90 306.82 0.54 40.98 56.77 29.12% 26.07 24.84 87.83 147.82 31.27 28.03 5.20 5.04 43.12 58.32 224.90

89 Khemani Distilleries Pvt. Ltd. Indian made foreign liquors 129.52 137.16 102.24 111.34 81.18% 21.41 27.20 4.09 23.96 18.33 13.36% 4.62 10.78 48.69 53.31 62.79 78.70 6.61 3.77 23.34 21.56 225.70

90 Kesar Enterprises Ltd. Sugar 218.04 200.89 170.78 248.96 123.93% 91.02 60.36 4.12 33.52 27.69 13.78% 12.71 14.38 73.91 38.73 44.52 25.23 4.11 3.77 283.19 389.63 225.80

91 Associated Alcohols & Breweries Ltd.Ethyl alcohol (strength less than 80%) - (potable alcohol)

70.69 80.66 59.13 70.65 87.59% 31.76 33.84 2.09 7.24 7.21 8.94% 60.60 53.87 71.67 67.08 112.85 95.22 1.80 2.08 20.90 24.81 230.00

92 Keventer Agro Ltd. Fruit juice 122.88 179.06 57.71 72.98 40.76% 35.17 66.00 1.11 13.48 18.53 10.35% 35.52 25.42 32.43 42.70 50.23 40.63 22.43 23.47 29.47 35.91 231.80

93 Mohan Rocky Springwater Breweries Ltd. Indian made foreign liquors 31.19 32.72 32.46 31.53 96.36% 4.29 4.43 7.12 2.66 2.25 6.88% 31.42 39.71 61.98 75.08 47.26 43.49 11.54 12.00 25.98 24.33 233.00

94 Capital Foods Ltd. Sauces & ketchup 61.97 72.2 29.09 35.71 49.46% 27.18 26.72 1.34 6.51 6.35 8.80% 41.05 49.34 70.00 56.44 96.46 106.45 2.34 2.48 31.19 39.92 233.20

95 Baramati Agro Ltd. Sugar 99.92 282.82 117.60 315.43 111.53% 81.99 202.69 1.56 17.47 40.94 14.48% 14.08 7.76 30.21 59.08 9.74 17.97 15.72 14.32 187.32 157.93 235.30

96 Rasoi Ltd. Vanaspati 160.70 87.26 136.64 66.24 75.91% 31.76 37.70 1.76 -7.09 16.15 18.51% 16.99 25.21 89.36 104.86 39.19 38.98 10.70 11.82 23.66 37.02 235.60

97 Prag Distillery Pvt. Ltd. Indian made foreign liquors 6.55 32.48 5.96 20.68 63.67% 10.29 9.92 2.08 0.30 7.12 21.92% 78.39 47.98 68.54 23.99 92.05 49.48 12.08 72.42 17.00 121.49 236.00

98 Wahid Sandhar Sugars Ltd. Sugar 101.05 104.15 83.65 82.45 79.16% 94.49 112.59 0.73 10.65 19.84 19.05% 1.82 3.24 102.90 91.23 25.82 31.25 7.94 1.94 172.68 176.27 236.90

99 Mihijam Vanaspati Ltd. Vanaspati 66.85 72.38 62.58 69.33 95.79% 2.54 4.31 16.09 1.33 2.02 2.79% 102.31 123.15 174.43 195.18 74.77 84.96 6.88 8.99 11.05 12.48 239.60

100 Avanti Feeds Ltd. Other animal feed 72.81 96.01 62.47 92.17 96.00% 30.05 27.85 3.31 -0.12 3.11 3.24% 72.42 46.24 48.71 45.50 88.07 63.69 7.52 4.64 60.08 39.47 241.50

101 Flex Foods Ltd. Mushroom 44.63 37.4 24.84 25.38 67.86% 41.76 38.69 0.66 14.81 10.68 28.56% 67.81 69.06 63.12 50.96 73.18 47.79 16.33 22.33 94.22 135.95 241.50

102 Technico Agri Sciences Ltd. Agriseed 27.73 55.11 28.38 34.05 61.79% 11.00 11.26 3.02 4.04 15.05 27.31% 13.94 8.14 129.42 204.80 59.96 62.62 0.48 0.40 604.45 408.51 242.40

103 Sunrise Spices Ltd. Spices & Condiments 60.58 76.74 46.99 64.15 83.59% 8.12 9.96 6.44 4.03 6.60 8.60% 20.79 24.42 65.12 70.79 47.92 56.75 10.26 8.98 33.53 40.08 243.90

104 Harinagar Sugar Mills Ltd. Sugar 211.71 278.36 132.36 204.10 73.32% 136.06 133.71 1.53 55.43 43.87 15.76% 3.96 1.41 85.28 71.36 31.92 18.91 19.90 16.03 382.62 237.89 244.70

105 Rangar Breweries Ltd.Ethyl alcohol (strength less than 80%) - (potable alcohol)

38.23 45.26 31.88 37.61 83.10% 9.90 10.51 3.58 2.47 2.61 5.77% 81.93 84.67 142.71 129.86 83.06 62.52 23.94 14.99 45.29 32.07 245.70

106 Kothari Fermentation & Biochem Ltd. Yeasts 23.27 19.08 16.10 13.59 71.23% 13.93 14.55 0.93 2.18 2.08 10.90% 39.53 68.68 35.11 64.51 49.72 59.65 11.80 24.00 27.40 38.82 252.40

107 Riga Sugar Co. Ltd. Sugar 89.03 115.11 56.11 200.26 173.97% 83.96 85.08 2.35 18.91 20.16 17.51% 2.09 3.88 32.83 143.16 71.15 18.68 2.26 5.83 122.00 474.34 253.70

108 S S D Oil Mills Co. Ltd. Edible oils 292.29 271.27 275.89 262.16 96.64% 22.60 19.65 13.34 11.18 9.21 3.40% 14.41 17.77 75.00 103.20 28.97 37.07 6.17 9.08 55.83 73.08 256.00

109 Som Distilleries & Breweries Ltd. Beer 66.64 97.32 34.33 57.56 59.15% 20.08 19.46 2.96 10.05 12.63 12.98% 103.64 76.18 196.76 120.07 200.65 132.26 19.19 14.50 53.96 42.74 257.30

110 Empire Spices & Foods Ltd. Spices & Condiments 32.56 36.93 25.34 27.05 73.25% 6.48 6.96 3.89 2.10 2.41 6.53% 43.36 39.28 75.08 77.47 69.19 78.93 15.89 10.55 45.86 50.09 262.00

111 Tamilnadu Tea Plantation Corpn. Ltd. Tea 66.59 74.35 50.81 58.26 78.36% 32.33 33.64 1.73 10.96 12.47 16.77% 17.83 18.09 287.91 234.95 1191.84 10493.75 1.40 0.50 41.65 63.09 263.60

112 Andrew Yule & Co. Ltd. Tea 181.39 194.06 162.69 167.95 86.55% 166.87 170.07 0.99 55.95 101.75 52.43% 192.92 146.88 213.53 232.51 73.60 86.11 16.43 19.13 31.37 36.55 264.00

113 Global Green Co. Ltd. Pickles & chutneys 186.71 182.44 114.54 130.18 71.35% 46.98 43.94 2.96 18.30 32.86 18.01% 44.36 74.08 163.87 162.10 78.59 74.81 77.11 106.12 73.53 91.57 270.70

114 Kanoria Sugar & General Mfg. Co. Ltd. Sugar 117.01 62.32 64.13 95.83 153.77% 42.92 38.88 2.46 4.98 2.96 4.75% 36.18 75.55 153.55 115.87 63.41 37.52 5.24 7.65 145.36 295.16 272.10

115 Rungamattee Tea & Inds. Ltd. Tea 32.45 38.61 24.35 30.00 77.70% 7.48 7.97 3.76 2.14 2.78 7.20% 5.62 9.79 37.80 51.52 220.29 190.21 9.15 7.26 50.77 46.44 275.70

116 Empee Sugars & Chemicals Ltd. Sugar 46.19 45.81 36.13 20.17 44.03% 41.21 46.70 0.43 7.54 8.54 18.64% 18.30 16.76 122.59 443.79 12.83 189.93 1.58 1.55 234.82 210.00 278.70

117 Khaitan (India) Ltd. Sugar 19.54 17.9 11.16 13.48 75.31% 66.38 64.60 0.21 3.12 2.07 11.56% 233.51 111.17 342.14 255.65 55.22 34.71 217.06 202.65 241.18 256.14 280.60

118 Jeypore Sugar Co. Ltd. Sugar 178.03 240.79 139.81 160.00 66.45% 139.27 133.38 1.20 40.85 61.98 25.74% 16.70 9.57 570.66 404.61 131.88 74.73 5.83 3.77 374.77 288.76 286.70

119 Khoday India Ltd. Indian made foreign liquors 109.59 129.44 81.55 100.21 77.42% 50.45 47.16 2.12 14.83 16.96 13.10% 50.33 41.57 75.01 73.32 69.35 59.16 309.31 308.89 284.19 278.87 288.90

120 Shakumbari Sugar & Allied Inds. Ltd. Sugar 72.07 95.87 60.48 117.02 122.06% 109.93 107.99 1.08 2.87 8.98 9.37% 8.88 8.63 72.77 312.43 57.95 34.18 5.94 4.09 236.88 331.27 290.80

121 Zuari Seeds Ltd. Hybrid seeds 34.12 36.35 25.79 23.35 64.24% 9.79 9.24 2.53 -6.38 1.99 5.47% 95.89 98.46 248.28 264.06 104.72 111.80 20.31 24.16 105.89 138.01 291.00

122 Dharampal Premchand Ltd. Chewing tobacco, jarda, scented tobacco 128.97 201.56 92.78 183.52 91.05% 34.50 261.17 0.70 -6.62 47.96 23.79% 12.30 12.83 103.27 58.96 155.91 88.67 17.53 16.92 67.12 80.68 291.40

123 Duncans Industries Ltd. Tea 138.53 156.82 118.19 125.83 80.24% 360.32 345.93 0.36 -29.12 31.10 19.83% 27.63 20.46 1006.80 982.07 893.24 820.29 5.11 4.82 28.97 43.72 293.40

124 Kaveri Seed Co. Ltd. Agriseed 122.63 163.36 71.42 102.87 62.97% 46.19 79.22 1.30 29.91 36.76 22.50% 115.76 91.73 243.61 253.24 222.50 263.96 10.67 43.30 99.81 173.58 296.00

125 Golden Tobacco Ltd. Cigarettes 91.39 98.86 72.57 76.18 77.06% 65.76 25.94 2.94 15.90 4.19 4.24% 41.33 28.31 121.02 271.24 455.65 371.62 13.30 14.37 48.41 40.50 299.80

126 Pioneer Distilleries Ltd. Ethyl alcohol (strength 80% or higher) 69.92 42.66 53.03 36.76 86.17% 57.68 54.51 0.67 16.37 12.29 28.81% 8.37 18.13 46.71 161.36 81.08 227.35 6.30 23.69 46.16 198.87 321.20

127 Waterbase Ltd. Animal and bird feeds 33.96 27.77 32.06 22.83 82.21% 19.64 17.52 1.30 8.35 0.18 0.65% 404.97 449.92 536.73 627.68 359.51 447.40 5.63 36.55 256.60 352.53 341.20

G E M S & J E W E L L E R Y

1 Golkunda Diamonds & Jewellery Ltd. Diamonds 55.97 81.56 17.30 27.29 33.46% 1.69 1.57 17.38 5.54 2.69 3.30% 218.14 168.43 48.73 40.63 126.03 74.41 0.21 0.13 8.29 11.71 10.10

2 Suashish Jewelry India Ltd. Diamonds 51.72 61.45 40.93 50.57 82.29% 10.43 10.06 5.03 11.97 13.66 22.23% 64.86 156.03 76.15 72.83 7.48 16.31 6.09 26.63 6.11 26.88 11.60

3 D'Damas Jewellery (India) Pvt. Ltd. Jewellery 89.18 291.51 30.61 193.33 66.32% 0.51 0.65 297.43 2.88 4.18 1.43% 213.09 84.56 285.17 69.04 248.27 35.55 13.63 1.07 113.58 28.94 12.20

4 Neogem India Ltd. Jewellery of gold 15.50 23.9 13.01 19.87 83.14% 1.32 1.16 17.13 -1.29 2.03 8.49% 498.64 421.96 210.68 344.60 227.71 79.77 18.40 8.32 45.50 11.55 13.10

5 Vaibhav Gems Ltd. Jewellery of gold 171.66 121.31 163.85 108.16 89.16% 9.05 9.12 11.86 -237.58 15.98 13.17% 364.50 481.26 27.79 29.12 153.21 217.97 11.07 1.98 15.17 5.35 13.60

6 K P Sanghvi Intl. Ltd. Jewellery 57.37 42.82 50.85 34.86 81.41% 14.06 12.44 2.80 9.23 6.77 15.81% 58.95 94.28 51.74 89.14 26.24 42.30 3.93 8.14 13.35 29.88 14.40

7 Mohit Diamonds Pvt. Ltd. Diamonds 189.10 229.37 188.03 200.82 87.55% 16.82 16.23 12.37 10.53 13.18 5.75% 96.77 90.18 15.70 16.14 119.37 116.16 0.60 1.07 55.53 54.99 18.10

FOOD

PRO

DU

CTS

small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 106: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com104 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

G L A S S , C E R A M I C S & R E F R A C T O R I E S

1 Unifrax India Ltd. Other ceramic products 46.54 45.09 19.27 20.33 45.09% 6.65 6.98 2.91 19.36 17.12 37.97% 73.94 82.25 37.56 31.88 60.52 49.38 0.44 0.31 40.68 45.31 20.10

2 Haldyn Glass Gujarat Ltd. Bottles 100.28 128.23 72.63 87.64 68.35% 79.77 75.37 1.16 21.11 30.08 23.46% 40.23 45.85 69.15 57.68 68.10 43.82 1.39 1.32 7.77 10.86 24.10

3 Jai Mata Glass Ltd. Glass & glass wares 46.33 46.63 42.92 42.61 91.38% 7.18 6.68 6.38 1.54 4.09 8.77% 40.22 47.55 74.92 74.90 32.71 38.33 1.85 1.92 10.11 5.39 30.00

4 Delta Tiles Ltd. Ceramic tiles 33.66 38.02 31.19 34.33 90.29% 8.31 8.41 4.08 3.67 2.61 6.86% 42.51 47.09 90.50 73.00 17.56 23.07 1.12 1.48 22.29 23.40 32.40

5 Vishva Vishal Engineering Ltd. Other refractories 39.72 49.58 32.19 34.06 68.70% 11.57 16.04 2.12 7.63 11.62 23.44% 67.99 72.92 44.51 79.34 35.34 36.74 13.96 13.63 22.85 21.80 33.30

6 Saint-Gobain Sekurit India Ltd. Toughened & laminated (safety) glass 97.53 83.87 71.31 58.97 70.31% 53.73 47.70 1.24 10.84 13.02 15.52% 48.99 54.09 61.73 70.31 42.02 49.85 4.98 6.19 22.89 22.92 38.30

7 Samtel Glass Ltd. Glass bulb shells 146.05 146.05 101.81 101.81 69.71% 110.17 110.17 0.92 25.55 25.55 17.49% 54.58 54.58 102.64 102.64 56.88 56.88 3.50 3.50 8.08 8.08 38.50

8 I F G L Refractories Ltd. Refractory bricks 175.08 181.31 112.91 119.40 65.85% 32.71 36.22 3.30 29.54 29.75 16.41% 85.83 82.26 31.52 61.82 74.28 70.28 9.90 9.04 22.84 23.36 38.70

9 A I S Glass Solutions Ltd. Glass & glass wares 29.48 41.25 22.13 25.94 62.88% 60.34 52.46 0.49 4.61 7.31 17.72% 86.27 86.30 584.03 522.03 67.10 64.38 5.31 7.05 13.83 11.23 43.70

10 Silica Ceramica Pvt. Ltd. Ceramic tiles 0.07 49 0.84 47.88 97.71% 35.53 46.57 1.03 -0.97 3.09 6.31% 141.94 42.83 4272.24 51.16 3173.91 80.02 13.98 3.19 16.15 9.22 46.00

11 Schablona India Ltd. Other ceramic products 28.73 35.34 20.40 22.19 62.79% 6.04 6.37 3.48 2.71 2.66 7.53% 51.67 53.19 86.37 96.68 49.72 51.50 9.42 8.46 58.14 46.64 46.10

12 Durgesh Block & China Glass Works Ltd. Glass & glass wares 21.32 20.77 19.36 16.95 81.61% 8.22 7.62 2.22 3.28 3.29 15.84% 41.29 44.02 68.19 63.84 39.62 57.51 3.56 4.16 83.82 99.99 50.50

13 Nilachal Refractories Ltd. Other refractories 15.29 32.62 13.82 25.59 78.45% 2.51 2.65 9.66 0.74 6.51 19.96% 59.46 61.04 152.82 109.64 85.41 53.54 24.55 15.27 111.25 69.47 51.10

14 Regency Ceramics Ltd. Ceramic tiles 159.44 166.17 118.47 124.94 75.19% 116.89 108.99 1.15 3.82 8.22 4.95% 59.93 62.50 68.38 77.39 129.71 96.49 2.05 1.77 43.71 44.24 53.80

15 U P Twiga Fiberglass Ltd. Glass & glass wares 91.46 91.52 68.55 64.83 70.84% 76.42 69.24 0.94 16.16 19.74 21.57% 52.55 66.26 57.80 62.25 109.03 138.77 7.97 9.10 17.21 17.60 54.00

16 Cera Sanitaryware Ltd. Ceramic sinks, wash basins, etc. 159.99 191.27 50.44 59.75 31.24% 74.32 68.59 0.87 29.81 38.53 20.14% 60.22 58.15 83.79 96.03 113.68 99.01 3.86 3.24 77.75 82.96 55.50

17 Raasi Refractories Ltd. Refractory bricks 29.74 33.89 24.17 29.24 86.28% 11.43 10.52 2.78 3.30 3.92 11.57% 81.19 65.08 56.51 59.33 100.31 82.57 18.60 15.37 37.48 31.50 56.40

18 Bell Ceramics Ltd. Ceramic tiles 188.73 153.22 145.09 111.36 72.68% 118.89 108.08 1.03 22.73 13.99 9.13% 23.99 29.88 87.12 102.40 60.62 71.68 2.40 1.96 65.57 75.32 57.10

19 Jalaram Ceramics Ltd. Glazed ceramic tiles, paving & flags 77.07 72.12 58.64 58.54 81.17% 38.01 33.73 1.74 12.50 7.91 10.97% 58.18 74.00 59.33 60.16 86.14 81.05 11.09 11.05 87.56 102.17 57.50

20 Orient Ceramics & Inds. Ltd. Glazed ceramic tiles, paving & flags 225.44 250.94 145.87 155.97 62.15% 87.54 80.82 1.93 30.29 35.08 13.98% 50.94 39.31 69.11 80.68 93.20 88.02 7.58 5.07 56.01 66.45 57.80

21 Maithan Ceramic Ltd. Refractory bricks 107.55 106.12 90.19 95.25 89.76% 9.16 11.38 8.37 12.60 9.32 8.78% 61.07 79.33 78.75 56.95 93.79 115.68 12.22 13.37 38.48 44.41 58.50

22 Shreno Ltd. Glass & glass wares 107.33 204.43 80.40 79.34 38.81% 23.54 28.07 2.83 15.05 36.38 17.80% 40.52 22.78 177.06 102.73 50.28 59.81 35.95 27.88 135.04 110.99 59.80

23 Shri Nataraj Ceramic & Chemical Inds. Ltd. Other refractories 72.31 93.64 51.22 69.52 74.24% 18.23 19.10 3.64 12.03 18.47 19.72% 51.21 56.66 74.85 128.28 169.15 190.18 3.71 3.89 30.05 28.67 61.50

24 Gujarat Borosil Ltd. Glass & glass wares 93.14 82.72 61.59 63.49 76.75% 36.01 125.01 0.51 15.92 4.82 5.83% 28.98 33.33 39.20 99.10 59.47 81.22 6.24 9.21 10.18 22.02 62.40

25 Neycer India Ltd. Other ceramic products 15.13 17.98 10.62 11.13 61.90% 6.39 4.61 2.41 4.08 35.67 198.39% 136.71 129.38 795.70 224.84 123.03 126.80 12.10 11.47 179.64 139.65 63.10

26 Decolight Ceramics Ltd. Ceramic tiles 73.12 87.53 63.02 70.77 80.85% 77.29 77.61 0.91 12.85 10.25 11.71% 117.94 108.52 62.59 62.03 130.18 108.89 68.46 64.66 122.73 114.49 69.00

27 Tata Ceramics Ltd. Porcelain or china household articles 26.77 24.34 26.99 23.82 97.86% 13.13 10.44 2.28 -0.81 1.34 5.51% 78.14 68.82 45.43 47.90 135.15 160.07 6.48 6.01 116.30 189.65 69.00

28 Sezal Glass Ltd. Float glass & surface polished glass 48.39 45.06 28.71 21.84 48.47% 94.14 85.29 0.26 9.58 6.61 14.67% 137.50 167.93 480.94 859.16 168.65 390.91 6.11 12.11 49.45 65.28 72.50

29 I A G Co. Ltd. Glass & glass wares 12.29 79.89 22.79 41.31 51.71% 68.38 85.66 0.48 29.03 9.64 12.07% 82.39 95.40 313.73 257.55 272.64 280.15 45.52 61.72 127.29 33.70 73.30

30 La Opala R G Ltd. Kitchen glass wares 62.07 74.73 49.24 46.01 61.57% 53.98 52.04 0.88 10.46 12.83 17.17% 61.13 59.11 50.34 53.61 149.09 162.52 83.48 100.13 111.54 125.05 74.40

31 Euro Ceramics Ltd. Ceramic tiles 213.68 201.83 155.48 152.98 75.80% 343.42 457.22 0.33 41.86 27.44 13.60% 99.12 125.12 85.26 86.34 150.51 159.93 20.83 23.50 108.89 120.48 74.60

32 Murudeshwar Ceramics Ltd. Unglazed ceramic tiles, paving & flags 179.44 129.27 99.05 83.64 64.70% 318.88 306.38 0.27 50.21 33.59 25.98% 101.17 88.67 80.42 106.10 314.36 472.27 69.34 93.71 204.38 297.61 82.60

L E A T H E R & L E A T H E R P R O D U C T S

1 Deltmal Safety Shoes Ltd. Shoe uppers 35.97 23.89 32.27 21.34 89.33% 5.32 4.50 4.74 3.26 1.63 6.82% 104.34 160.05 43.75 36.28 84.58 50.08 3.09 4.15 7.77 7.42 14.10

2 Euro Leder Fashion Ltd. Leather apparel & clothing accessories 44.09 51.89 38.22 45.24 87.18% 1.33 2.01 22.51 1.09 1.62 3.12% 13.83 8.90 20.29 33.16 21.67 28.68 0.77 1.50 5.65 10.27 14.70

3 Worldwide Leather Exports Ltd. Leather shoes 13.00 10.03 9.79 7.69 76.67% 3.49 3.44 2.24 0.90 0.43 4.29% 54.61 58.59 37.35 39.68 35.66 35.68 10.60 8.13 19.52 12.19 17.00

4 Lawreshwar Polymers Ltd. Leather, canvas & other shoes, chappals, etc. 28.36 30.22 23.41 25.96 85.90% 9.81 9.46 2.74 2.57 3.12 10.32% 132.95 123.14 55.18 67.78 41.15 43.53 16.97 23.62 33.20 50.57 22.40

5 Mayur Leather Products Ltd. Shoe uppers 17.96 15.62 14.63 13.84 88.60% 3.51 5.57 2.48 4.73 1.53 9.80% 88.10 66.51 44.50 60.71 76.73 72.57 5.45 6.68 18.49 23.65 24.60

6 Focus Energy Ltd. Leather shoes 25.07 26.91 9.41 9.58 35.60% 78.27 78.27 0.12 1.69 10.65 39.58% 27.35 52.61 1523.21 4043.32 52.30 50.20 1.67 1.31 262.46 462.23 25.10

7 Pond'S Exports Ltd. Leather shoes 104.52 65.58 96.00 53.83 82.08% 4.36 4.02 13.39 -6.88 0.97 1.48% 37.08 47.63 70.36 108.06 56.39 57.48 8.15 12.08 16.04 19.70 25.70

8 Liberty Shoes Ltd. Leather shoes 239.84 258.87 122.71 152.83 59.04% 84.63 83.28 1.84 26.07 24.16 9.33% 107.94 100.20 82.69 74.11 62.28 56.53 46.43 35.58 112.13 92.94 28.30

9 Iqbal Leathers Ltd. Leather finished 19.55 27.66 16.44 25.17 91.00% 5.39 5.65 4.45 1.17 1.20 4.34% 63.66 32.86 98.69 104.59 34.11 16.80 128.21 97.32 149.64 107.81 28.50

10 Phoenix International Ltd. Shoe uppers 17.28 21.23 10.92 12.25 57.70% 26.89 46.82 0.26 7.12 8.05 37.92% 294.45 276.29 1320.70 1472.99 93.82 115.92 19.47 17.08 20.10 17.52 28.80

11 Gossini Fashion Ltd. Leather apparel & clothing accessories 18.39 12.36 14.26 9.48 76.70% 1.39 1.31 7.24 0.87 0.84 6.80% 44.53 44.26 49.84 46.76 79.96 99.57 9.60 13.91 21.07 21.49 29.50

12 New Horizons Ltd. Leather gloves 100.03 45.74 66.79 31.73 69.37% 8.60 7.71 4.12 6.48 2.74 5.99% 8.14 10.69 38.85 41.79 39.16 86.24 11.56 18.04 20.25 24.88 29.80

13 Mallcom (India) Ltd. Leather gloves 127.52 90.31 96.03 67.55 74.80% 20.37 23.59 2.86 5.54 6.97 7.72% 32.24 31.63 23.54 43.77 57.76 86.75 17.35 26.08 25.22 36.45 32.30

14 Super Tannery Ltd. Leather, canvas & other shoes, chappals, etc. 198.65 152.01 142.05 106.75 70.23% 48.71 52.79 2.02 16.01 14.50 9.54% 71.02 96.07 71.66 132.17 49.26 78.51 64.47 86.69 96.98 128.05 34.50

15 Lakhani India Ltd. Leather shoes 236.87 279.71 152.31 145.72 52.10% 82.73 85.32 1.71 27.78 33.02 11.81% 95.02 104.26 134.42 137.83 206.02 279.73 29.41 46.63 45.12 64.55 36.20

M I N E R A L S

1 Eastern Tar Pvt. Ltd. Coal tar 12.70 11.01 12.35 11.14 101.18% 1.02 0.97 11.48 0.25 0.41 3.72% 28.94 40.30 20.85 12.17 9.40 22.77 2.07 3.19 12.46 17.21 13.10

2 Cochin Minerals & Rutile Ltd. Titanium ores (Ilmenite, Rutile) 120.78 108.6 88.29 88.64 81.62% 24.04 23.36 3.79 15.06 14.42 13.28% 15.26 21.84 24.77 24.82 30.97 37.41 0.89 0.70 5.75 12.29 14.60

3 S T P Ltd. Coal tar distillation products 72.17 91.5 33.99 40.73 44.51% 7.07 8.65 4.71 2.86 4.99 5.45% 57.42 51.43 53.97 45.81 62.94 59.83 24.47 2.14 66.69 48.54 19.80

4 Ashapura International Ltd. Bentonite 49.51 55.31 17.04 24.81 44.86% 2.66 2.31 10.74 3.06 6.42 11.61% 134.23 70.77 34.43 61.14 51.16 28.61 18.29 28.85 141.35 146.71 19.80

5 Amol Dicalite Ltd. Vermiculite, perlite 15.46 16.74 9.52 9.77 58.36% 21.00 27.28 0.36 6.34 7.75 46.30% 50.00 55.93 56.41 73.48 80.62 61.03 4.89 4.21 36.56 34.20 20.50

6 Wolkem Industries Ltd. Wollastonite 9.96 12.15 11.26 10.94 90.04% 2.70 2.21 4.95 -0.38 0.19 1.56% 0.55 18.17 56.20 100.57 12.63 13.84 20.54 25.79 31.32 36.20 21.00

7 Oriental Carbon & Chemicals Ltd. Sulphur 122.79 127.11 91.69 62.02 48.79% 52.55 65.01 0.95 15.83 40.81 32.11% 38.11 45.00 31.45 45.72 67.72 102.74 0.21 2.19 29.12 36.06 21.30

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Page 107: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 105www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

G L A S S , C E R A M I C S & R E F R A C T O R I E S

1 Unifrax India Ltd. Other ceramic products 46.54 45.09 19.27 20.33 45.09% 6.65 6.98 2.91 19.36 17.12 37.97% 73.94 82.25 37.56 31.88 60.52 49.38 0.44 0.31 40.68 45.31 20.10

2 Haldyn Glass Gujarat Ltd. Bottles 100.28 128.23 72.63 87.64 68.35% 79.77 75.37 1.16 21.11 30.08 23.46% 40.23 45.85 69.15 57.68 68.10 43.82 1.39 1.32 7.77 10.86 24.10

3 Jai Mata Glass Ltd. Glass & glass wares 46.33 46.63 42.92 42.61 91.38% 7.18 6.68 6.38 1.54 4.09 8.77% 40.22 47.55 74.92 74.90 32.71 38.33 1.85 1.92 10.11 5.39 30.00

4 Delta Tiles Ltd. Ceramic tiles 33.66 38.02 31.19 34.33 90.29% 8.31 8.41 4.08 3.67 2.61 6.86% 42.51 47.09 90.50 73.00 17.56 23.07 1.12 1.48 22.29 23.40 32.40

5 Vishva Vishal Engineering Ltd. Other refractories 39.72 49.58 32.19 34.06 68.70% 11.57 16.04 2.12 7.63 11.62 23.44% 67.99 72.92 44.51 79.34 35.34 36.74 13.96 13.63 22.85 21.80 33.30

6 Saint-Gobain Sekurit India Ltd. Toughened & laminated (safety) glass 97.53 83.87 71.31 58.97 70.31% 53.73 47.70 1.24 10.84 13.02 15.52% 48.99 54.09 61.73 70.31 42.02 49.85 4.98 6.19 22.89 22.92 38.30

7 Samtel Glass Ltd. Glass bulb shells 146.05 146.05 101.81 101.81 69.71% 110.17 110.17 0.92 25.55 25.55 17.49% 54.58 54.58 102.64 102.64 56.88 56.88 3.50 3.50 8.08 8.08 38.50

8 I F G L Refractories Ltd. Refractory bricks 175.08 181.31 112.91 119.40 65.85% 32.71 36.22 3.30 29.54 29.75 16.41% 85.83 82.26 31.52 61.82 74.28 70.28 9.90 9.04 22.84 23.36 38.70

9 A I S Glass Solutions Ltd. Glass & glass wares 29.48 41.25 22.13 25.94 62.88% 60.34 52.46 0.49 4.61 7.31 17.72% 86.27 86.30 584.03 522.03 67.10 64.38 5.31 7.05 13.83 11.23 43.70

10 Silica Ceramica Pvt. Ltd. Ceramic tiles 0.07 49 0.84 47.88 97.71% 35.53 46.57 1.03 -0.97 3.09 6.31% 141.94 42.83 4272.24 51.16 3173.91 80.02 13.98 3.19 16.15 9.22 46.00

11 Schablona India Ltd. Other ceramic products 28.73 35.34 20.40 22.19 62.79% 6.04 6.37 3.48 2.71 2.66 7.53% 51.67 53.19 86.37 96.68 49.72 51.50 9.42 8.46 58.14 46.64 46.10

12 Durgesh Block & China Glass Works Ltd. Glass & glass wares 21.32 20.77 19.36 16.95 81.61% 8.22 7.62 2.22 3.28 3.29 15.84% 41.29 44.02 68.19 63.84 39.62 57.51 3.56 4.16 83.82 99.99 50.50

13 Nilachal Refractories Ltd. Other refractories 15.29 32.62 13.82 25.59 78.45% 2.51 2.65 9.66 0.74 6.51 19.96% 59.46 61.04 152.82 109.64 85.41 53.54 24.55 15.27 111.25 69.47 51.10

14 Regency Ceramics Ltd. Ceramic tiles 159.44 166.17 118.47 124.94 75.19% 116.89 108.99 1.15 3.82 8.22 4.95% 59.93 62.50 68.38 77.39 129.71 96.49 2.05 1.77 43.71 44.24 53.80

15 U P Twiga Fiberglass Ltd. Glass & glass wares 91.46 91.52 68.55 64.83 70.84% 76.42 69.24 0.94 16.16 19.74 21.57% 52.55 66.26 57.80 62.25 109.03 138.77 7.97 9.10 17.21 17.60 54.00

16 Cera Sanitaryware Ltd. Ceramic sinks, wash basins, etc. 159.99 191.27 50.44 59.75 31.24% 74.32 68.59 0.87 29.81 38.53 20.14% 60.22 58.15 83.79 96.03 113.68 99.01 3.86 3.24 77.75 82.96 55.50

17 Raasi Refractories Ltd. Refractory bricks 29.74 33.89 24.17 29.24 86.28% 11.43 10.52 2.78 3.30 3.92 11.57% 81.19 65.08 56.51 59.33 100.31 82.57 18.60 15.37 37.48 31.50 56.40

18 Bell Ceramics Ltd. Ceramic tiles 188.73 153.22 145.09 111.36 72.68% 118.89 108.08 1.03 22.73 13.99 9.13% 23.99 29.88 87.12 102.40 60.62 71.68 2.40 1.96 65.57 75.32 57.10

19 Jalaram Ceramics Ltd. Glazed ceramic tiles, paving & flags 77.07 72.12 58.64 58.54 81.17% 38.01 33.73 1.74 12.50 7.91 10.97% 58.18 74.00 59.33 60.16 86.14 81.05 11.09 11.05 87.56 102.17 57.50

20 Orient Ceramics & Inds. Ltd. Glazed ceramic tiles, paving & flags 225.44 250.94 145.87 155.97 62.15% 87.54 80.82 1.93 30.29 35.08 13.98% 50.94 39.31 69.11 80.68 93.20 88.02 7.58 5.07 56.01 66.45 57.80

21 Maithan Ceramic Ltd. Refractory bricks 107.55 106.12 90.19 95.25 89.76% 9.16 11.38 8.37 12.60 9.32 8.78% 61.07 79.33 78.75 56.95 93.79 115.68 12.22 13.37 38.48 44.41 58.50

22 Shreno Ltd. Glass & glass wares 107.33 204.43 80.40 79.34 38.81% 23.54 28.07 2.83 15.05 36.38 17.80% 40.52 22.78 177.06 102.73 50.28 59.81 35.95 27.88 135.04 110.99 59.80

23 Shri Nataraj Ceramic & Chemical Inds. Ltd. Other refractories 72.31 93.64 51.22 69.52 74.24% 18.23 19.10 3.64 12.03 18.47 19.72% 51.21 56.66 74.85 128.28 169.15 190.18 3.71 3.89 30.05 28.67 61.50

24 Gujarat Borosil Ltd. Glass & glass wares 93.14 82.72 61.59 63.49 76.75% 36.01 125.01 0.51 15.92 4.82 5.83% 28.98 33.33 39.20 99.10 59.47 81.22 6.24 9.21 10.18 22.02 62.40

25 Neycer India Ltd. Other ceramic products 15.13 17.98 10.62 11.13 61.90% 6.39 4.61 2.41 4.08 35.67 198.39% 136.71 129.38 795.70 224.84 123.03 126.80 12.10 11.47 179.64 139.65 63.10

26 Decolight Ceramics Ltd. Ceramic tiles 73.12 87.53 63.02 70.77 80.85% 77.29 77.61 0.91 12.85 10.25 11.71% 117.94 108.52 62.59 62.03 130.18 108.89 68.46 64.66 122.73 114.49 69.00

27 Tata Ceramics Ltd. Porcelain or china household articles 26.77 24.34 26.99 23.82 97.86% 13.13 10.44 2.28 -0.81 1.34 5.51% 78.14 68.82 45.43 47.90 135.15 160.07 6.48 6.01 116.30 189.65 69.00

28 Sezal Glass Ltd. Float glass & surface polished glass 48.39 45.06 28.71 21.84 48.47% 94.14 85.29 0.26 9.58 6.61 14.67% 137.50 167.93 480.94 859.16 168.65 390.91 6.11 12.11 49.45 65.28 72.50

29 I A G Co. Ltd. Glass & glass wares 12.29 79.89 22.79 41.31 51.71% 68.38 85.66 0.48 29.03 9.64 12.07% 82.39 95.40 313.73 257.55 272.64 280.15 45.52 61.72 127.29 33.70 73.30

30 La Opala R G Ltd. Kitchen glass wares 62.07 74.73 49.24 46.01 61.57% 53.98 52.04 0.88 10.46 12.83 17.17% 61.13 59.11 50.34 53.61 149.09 162.52 83.48 100.13 111.54 125.05 74.40

31 Euro Ceramics Ltd. Ceramic tiles 213.68 201.83 155.48 152.98 75.80% 343.42 457.22 0.33 41.86 27.44 13.60% 99.12 125.12 85.26 86.34 150.51 159.93 20.83 23.50 108.89 120.48 74.60

32 Murudeshwar Ceramics Ltd. Unglazed ceramic tiles, paving & flags 179.44 129.27 99.05 83.64 64.70% 318.88 306.38 0.27 50.21 33.59 25.98% 101.17 88.67 80.42 106.10 314.36 472.27 69.34 93.71 204.38 297.61 82.60

L E A T H E R & L E A T H E R P R O D U C T S

1 Deltmal Safety Shoes Ltd. Shoe uppers 35.97 23.89 32.27 21.34 89.33% 5.32 4.50 4.74 3.26 1.63 6.82% 104.34 160.05 43.75 36.28 84.58 50.08 3.09 4.15 7.77 7.42 14.10

2 Euro Leder Fashion Ltd. Leather apparel & clothing accessories 44.09 51.89 38.22 45.24 87.18% 1.33 2.01 22.51 1.09 1.62 3.12% 13.83 8.90 20.29 33.16 21.67 28.68 0.77 1.50 5.65 10.27 14.70

3 Worldwide Leather Exports Ltd. Leather shoes 13.00 10.03 9.79 7.69 76.67% 3.49 3.44 2.24 0.90 0.43 4.29% 54.61 58.59 37.35 39.68 35.66 35.68 10.60 8.13 19.52 12.19 17.00

4 Lawreshwar Polymers Ltd. Leather, canvas & other shoes, chappals, etc. 28.36 30.22 23.41 25.96 85.90% 9.81 9.46 2.74 2.57 3.12 10.32% 132.95 123.14 55.18 67.78 41.15 43.53 16.97 23.62 33.20 50.57 22.40

5 Mayur Leather Products Ltd. Shoe uppers 17.96 15.62 14.63 13.84 88.60% 3.51 5.57 2.48 4.73 1.53 9.80% 88.10 66.51 44.50 60.71 76.73 72.57 5.45 6.68 18.49 23.65 24.60

6 Focus Energy Ltd. Leather shoes 25.07 26.91 9.41 9.58 35.60% 78.27 78.27 0.12 1.69 10.65 39.58% 27.35 52.61 1523.21 4043.32 52.30 50.20 1.67 1.31 262.46 462.23 25.10

7 Pond'S Exports Ltd. Leather shoes 104.52 65.58 96.00 53.83 82.08% 4.36 4.02 13.39 -6.88 0.97 1.48% 37.08 47.63 70.36 108.06 56.39 57.48 8.15 12.08 16.04 19.70 25.70

8 Liberty Shoes Ltd. Leather shoes 239.84 258.87 122.71 152.83 59.04% 84.63 83.28 1.84 26.07 24.16 9.33% 107.94 100.20 82.69 74.11 62.28 56.53 46.43 35.58 112.13 92.94 28.30

9 Iqbal Leathers Ltd. Leather finished 19.55 27.66 16.44 25.17 91.00% 5.39 5.65 4.45 1.17 1.20 4.34% 63.66 32.86 98.69 104.59 34.11 16.80 128.21 97.32 149.64 107.81 28.50

10 Phoenix International Ltd. Shoe uppers 17.28 21.23 10.92 12.25 57.70% 26.89 46.82 0.26 7.12 8.05 37.92% 294.45 276.29 1320.70 1472.99 93.82 115.92 19.47 17.08 20.10 17.52 28.80

11 Gossini Fashion Ltd. Leather apparel & clothing accessories 18.39 12.36 14.26 9.48 76.70% 1.39 1.31 7.24 0.87 0.84 6.80% 44.53 44.26 49.84 46.76 79.96 99.57 9.60 13.91 21.07 21.49 29.50

12 New Horizons Ltd. Leather gloves 100.03 45.74 66.79 31.73 69.37% 8.60 7.71 4.12 6.48 2.74 5.99% 8.14 10.69 38.85 41.79 39.16 86.24 11.56 18.04 20.25 24.88 29.80

13 Mallcom (India) Ltd. Leather gloves 127.52 90.31 96.03 67.55 74.80% 20.37 23.59 2.86 5.54 6.97 7.72% 32.24 31.63 23.54 43.77 57.76 86.75 17.35 26.08 25.22 36.45 32.30

14 Super Tannery Ltd. Leather, canvas & other shoes, chappals, etc. 198.65 152.01 142.05 106.75 70.23% 48.71 52.79 2.02 16.01 14.50 9.54% 71.02 96.07 71.66 132.17 49.26 78.51 64.47 86.69 96.98 128.05 34.50

15 Lakhani India Ltd. Leather shoes 236.87 279.71 152.31 145.72 52.10% 82.73 85.32 1.71 27.78 33.02 11.81% 95.02 104.26 134.42 137.83 206.02 279.73 29.41 46.63 45.12 64.55 36.20

M I N E R A L S

1 Eastern Tar Pvt. Ltd. Coal tar 12.70 11.01 12.35 11.14 101.18% 1.02 0.97 11.48 0.25 0.41 3.72% 28.94 40.30 20.85 12.17 9.40 22.77 2.07 3.19 12.46 17.21 13.10

2 Cochin Minerals & Rutile Ltd. Titanium ores (Ilmenite, Rutile) 120.78 108.6 88.29 88.64 81.62% 24.04 23.36 3.79 15.06 14.42 13.28% 15.26 21.84 24.77 24.82 30.97 37.41 0.89 0.70 5.75 12.29 14.60

3 S T P Ltd. Coal tar distillation products 72.17 91.5 33.99 40.73 44.51% 7.07 8.65 4.71 2.86 4.99 5.45% 57.42 51.43 53.97 45.81 62.94 59.83 24.47 2.14 66.69 48.54 19.80

4 Ashapura International Ltd. Bentonite 49.51 55.31 17.04 24.81 44.86% 2.66 2.31 10.74 3.06 6.42 11.61% 134.23 70.77 34.43 61.14 51.16 28.61 18.29 28.85 141.35 146.71 19.80

5 Amol Dicalite Ltd. Vermiculite, perlite 15.46 16.74 9.52 9.77 58.36% 21.00 27.28 0.36 6.34 7.75 46.30% 50.00 55.93 56.41 73.48 80.62 61.03 4.89 4.21 36.56 34.20 20.50

6 Wolkem Industries Ltd. Wollastonite 9.96 12.15 11.26 10.94 90.04% 2.70 2.21 4.95 -0.38 0.19 1.56% 0.55 18.17 56.20 100.57 12.63 13.84 20.54 25.79 31.32 36.20 21.00

7 Oriental Carbon & Chemicals Ltd. Sulphur 122.79 127.11 91.69 62.02 48.79% 52.55 65.01 0.95 15.83 40.81 32.11% 38.11 45.00 31.45 45.72 67.72 102.74 0.21 2.19 29.12 36.06 21.30

GLASS, CER

AMICS &

R

EFRACTO

RIES

LEATHER

&

LEATHER

PR

OD

UCTS

small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 108: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com106 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

8 Diamond Crucible Co. Pvt. Ltd. Graphite 11.68 13.19 7.93 7.91 59.97% 1.93 2.01 3.94 2.13 2.40 18.20% 68.37 72.12 80.96 122.12 43.54 49.52 22.46 21.85 69.13 52.92 22.20

9 Passary Minerals Ltd. Fire clay 9.72 16.06 7.53 14.25 88.73% 4.10 3.89 3.66 0.97 1.88 11.71% 34.82 28.11 134.45 37.81 85.82 31.41 44.58 35.38 92.30 55.00 24.40

10 Insilco Ltd. Silica sands 64.52 64.21 57.34 46.02 71.67% 24.06 25.76 1.79 4.78 11.03 17.18% 73.96 63.38 23.39 77.06 64.49 88.47 26.70 24.29 45.61 37.70 24.60

11 Almora Magnesite Ltd. Dead-burned (sintered) magnesia 21.17 23.79 19.19 19.82 83.31% 2.84 2.61 7.59 0.94 0.61 2.56% 50.44 57.62 65.03 93.12 514.04 577.02 3.53 5.18 22.20 26.94 25.80

12 Associated Stone Inds. (Kotah) Ltd. Stones, nec 123.83 158.11 57.71 58.76 37.16% 132.51 148.17 0.40 19.72 21.39 13.53% 108.21 111.23 86.37 111.32 99.77 132.61 36.41 47.03 49.49 45.09 28.50

N O N E L E C T R I C A L M A C H I N E R Y

1 Salter India Ltd. Weighing machinery 11.46 13.5 8.94 10.13 75.04% 0.22 0.40 25.33 2.15 3.34 24.74% 64.08 65.71 87.38 43.83 37.32 31.06 4.13 3.21 7.14 9.70 45.60

2 Swaraj Engines Ltd. Diesel engines 208.16 282.43 174.45 230.31 81.55% 26.40 22.72 10.14 36.92 59.55 21.08% 17.14 5.52 27.24 39.76 17.98 19.47 2.13 3.52 5.61 7.90 53.50

3 Mihir Engineers Ltd. Industrial cooling towers 12.46 13.78 9.89 10.13 73.51% 1.70 1.99 5.09 1.57 2.93 21.26% 49.75 48.86 67.51 70.05 38.52 32.17 5.59 4.04 5.62 4.06 55.00

4 W P I L Ltd. Pumps 159.11 212.08 128.05 167.33 78.90% 17.43 22.61 7.40 17.37 25.32 11.94% 125.38 132.74 116.94 125.25 27.77 24.85 5.45 4.08 9.56 7.71 57.40

5 Sulzer Pumps India Ltd. Pumps 280.30 288.37 182.18 172.12 59.69% 26.98 30.43 5.66 58.07 63.51 22.02% 102.35 146.59 113.82 131.08 8.64 11.97 20.51 18.78 23.84 23.65 59.60

6 Flowserve Sanmar Ltd. Parts of pumps & compressors 133.90 140.38 70.11 72.58 51.70% 10.20 9.12 7.96 56.39 60.23 42.90% 87.08 85.70 72.90 73.80 52.40 35.64 23.79 20.32 25.24 21.61 62.90

7 G E I Industrial Systems Ltd. Heat exchangers 211.58 248.29 160.81 181.53 73.11% 39.33 40.84 4.44 30.17 34.99 14.09% 95.70 96.41 141.74 143.45 27.74 24.50 20.69 8.96 21.37 9.24 63.10

8 Aurangabad Motor Mfrs. Pvt. Ltd. Evaporators & Condensors 53.27 57.11 45.81 47.61 83.37% 8.07 4.90 9.72 3.90 7.62 13.34% 31.36 20.39 45.66 54.10 26.82 28.74 10.33 6.64 10.52 6.74 65.50

9 Tyco Sanmar Ltd. Other valves 129.45 111.06 66.86 54.68 49.23% 11.91 11.30 4.84 57.39 51.49 46.36% 86.23 92.13 60.04 74.08 55.37 52.78 13.16 14.18 15.17 16.55 65.80

10 Vacuum Plant & Instruments Mfg. Co. Ltd. Industrial machinery 37.21 33.42 27.00 21.87 65.44% 1.27 2.48 8.82 10.21 9.01 26.96% 120.75 153.79 72.52 68.35 35.30 48.30 27.95 23.93 28.79 24.90 71.70

11 Gujarat Forgings Ltd. Internal combustion engines 57.11 85.96 48.79 74.16 86.27% 10.15 9.47 7.83 7.00 10.16 11.82% 25.08 21.80 58.88 64.72 70.33 47.07 0.52 0.64 8.78 7.86 75.90

12 Xomox Sanmar Ltd. Industrial valves 63.00 77.53 38.49 47.14 60.80% 5.77 25.15 1.87 21.06 26.58 34.28% 83.13 73.71 72.42 81.05 47.32 42.54 25.26 18.00 26.77 19.03 77.30

13 Cenlub Industries Ltd. Pumps 15.35 18.19 12.21 14.28 78.50% 4.01 4.21 3.39 1.96 2.51 13.80% 85.78 81.77 59.31 64.22 42.75 47.16 14.92 16.79 16.99 18.68 83.80

14 Transweigh (India) Ltd. Weighing machinery 80.61 57.43 58.08 50.35 87.67% 7.44 7.03 7.16 8.42 2.96 5.15% 105.62 143.37 91.00 112.14 33.14 28.11 16.43 20.00 17.10 21.27 85.10

15 M V S Engineering Ltd. Producer gas or water gas generators 33.54 29.56 27.66 25.75 87.11% 0.91 0.88 29.26 3.30 2.37 8.02% 29.45 33.00 47.08 51.55 47.89 47.46 3.04 2.04 26.66 27.63 85.20

16 Vanaz Engineers Ltd. Other valves 95.86 100.54 47.92 59.55 59.23% 12.68 13.47 4.42 6.53 11.51 11.45% 35.77 30.30 19.55 30.05 14.56 10.76 50.79 41.66 34.68 33.85 87.00

17 Fisher Sanmar Ltd. Industrial valves 188.29 163.19 136.40 110.98 68.01% 26.34 24.95 4.45 42.75 48.12 29.49% 92.12 87.59 82.99 60.46 62.65 62.50 18.00 20.45 18.55 21.17 87.20

18 Mojj Engineering Systems Ltd. Chemical machinery 78.51 92.8 64.80 84.05 90.57% 2.53 3.63 23.15 6.87 8.57 9.23% 81.28 98.19 105.27 120.12 33.47 43.64 5.93 17.64 6.07 18.06 87.70

19 Shilp Gravures Ltd. Printing machinery 36.98 47.4 21.61 26.90 56.75% 38.74 43.19 0.62 10.28 15.55 32.81% 104.71 95.90 101.89 96.73 49.93 62.83 13.44 14.05 15.85 16.01 88.60

20 T & I Projects Ltd. Industrial machinery 9.78 10.33 8.36 9.39 90.90% 1.42 2.01 4.67 0.50 0.54 5.23% 21.14 31.32 136.97 160.30 22.55 18.64 18.80 11.74 20.01 12.15 91.00

21 Rajoo Engineers Ltd. Rubber & plastic products machinery 48.41 74.02 38.17 56.69 76.59% 7.59 14.82 3.83 5.69 8.03 10.85% 77.82 35.04 145.10 120.86 18.70 23.16 26.95 19.52 44.07 23.50 95.30

22 Orson Holdings Co. Ltd. Industrial valves 10.10 20.21 8.19 15.04 74.42% 3.41 4.38 3.43 1.32 2.48 12.27% 84.44 64.48 36.99 52.43 85.40 50.51 25.75 10.23 96.47 40.95 97.10

23 Kerala Agro Machinery Corpn. Ltd. Agricultural machinery 120.28 136.44 100.61 120.23 88.12% 5.86 6.38 18.84 12.42 14.16 10.38% 70.02 76.74 41.73 60.38 61.19 58.35 17.43 18.64 25.95 29.77 103.60

24 International Combustion (India) Ltd.Mining, construction & earth moving machinery

97.86 96.77 68.61 62.42 64.50% 17.73 19.08 3.27 19.01 21.29 22.00% 89.55 91.47 76.31 95.32 61.90 67.36 10.26 11.26 40.89 41.14 106.30

25 Eaton Fluid Power Ltd. Other valves 135.75 153.11 76.17 74.63 48.74% 20.76 18.88 3.95 -13.77 21.93 14.32% 130.87 92.17 122.73 89.56 69.26 72.73 12.26 12.54 45.81 46.43 109.70

26 Swetha Engineering Ltd. Pulp & paper machinery 24.11 21.9 22.04 15.12 69.04% 3.39 3.74 4.04 1.43 1.39 6.35% 107.24 124.39 113.45 84.60 34.66 41.95 61.31 50.09 62.55 51.22 110.00

27 Crane Process Flow Technologies (India) Ltd. Industrial valves 71.17 56.17 56.68 41.25 73.44% 5.42 4.81 8.58 6.85 8.58 15.28% 65.71 80.49 75.34 71.85 81.55 91.71 14.72 13.83 20.68 18.74 110.10

28 Stovec Industries Ltd. Printing machinery 47.36 46.83 36.26 28.88 61.67% 7.85 7.56 3.82 10.71 11.47 24.49% 93.63 99.68 105.49 104.64 75.16 82.14 26.38 15.98 36.05 29.54 110.20

29 Nichrome India Ltd. Packaging machinery 48.46 49.46 34.12 35.42 71.61% 7.88 7.36 4.81 5.73 7.03 14.21% 41.02 53.91 86.56 81.67 58.11 58.29 28.32 26.68 43.96 34.58 111.70

30 Bala Industries & Entertainment Pvt. Ltd. Poultry-keeping machinery 7.12 10.65 5.65 6.76 63.47% 0.39 0.49 13.80 1.23 3.32 31.17% 51.05 39.64 81.62 110.39 74.16 70.93 39.71 25.20 46.63 26.47 112.70

31 Kilburn Engineering Ltd. Dryers 86.49 88.06 69.18 65.30 74.15% 5.79 16.31 4.00 79.50 8.15 9.26% 79.82 98.22 156.72 115.67 34.55 47.59 52.08 31.12 65.57 37.70 114.30

32 S E Electricals Ltd. Wind turbines (Wind electricity generator) 106.77 240.7 87.57 209.09 86.87% 145.93 147.74 1.42 11.60 28.13 11.69% 45.11 95.40 462.69 213.44 52.23 66.54 5.89 8.35 6.68 12.18 115.90

33 Rieco Industries Ltd. Chemical machinery 68.24 69.47 64.07 56.37 81.14% 2.74 2.87 19.64 4.36 3.74 5.38% 144.27 144.49 157.20 157.50 21.97 26.53 46.23 60.36 50.33 72.68 119.20

34 Avery India Ltd. Weighing machinery 68.06 62.55 50.20 53.44 85.44% 5.69 6.63 8.06 11.83 2.61 4.17% 45.41 39.33 63.61 80.13 99.08 88.55 5.05 4.34 12.24 9.58 119.70

35 Shroffs Engineering Ltd. Pumps 25.78 40.07 20.60 30.83 76.94% 3.63 3.80 8.11 0.68 3.25 8.11% 82.26 50.47 94.10 112.68 60.29 52.04 22.13 12.97 107.51 69.59 121.40

36 Windsor Machines Ltd. Rubber & plastic products machinery 93.01 208.89 84.66 170.04 81.40% 12.93 13.11 12.97 6.10 23.21 11.11% 26.82 16.31 249.07 155.26 83.84 35.31 65.02 35.00 68.09 36.18 125.00

37 Nesco Ltd. Textile (incl. jute) machinery 83.84 98.14 31.60 25.04 25.51% 31.90 29.63 0.85 51.40 82.28 83.84% 34.99 41.31 405.01 500.83 29.21 45.82 44.42 42.27 47.26 46.07 125.00

38 Virgo Engineers Ltd. Valves 250.62 282.29 189.89 202.51 71.74% 68.51 73.57 2.75 46.11 93.38 33.08% 84.37 91.57 129.66 75.09 68.54 71.97 44.86 38.39 51.74 45.14 125.40

39 Lincoln Helios (India) Ltd. Industrial machinery 111.20 90.09 62.88 54.94 60.98% 4.06 4.19 13.11 41.71 31.67 35.15% 98.28 137.07 76.68 135.37 68.45 82.62 19.88 28.40 42.30 63.12 126.20

40 Shivagrico Implements Ltd. Agricultural implements 13.85 22.56 11.68 16.91 74.96% 4.47 4.17 4.06 1.76 2.08 9.22% 19.56 17.33 19.07 25.86 79.36 85.44 12.36 8.23 45.05 37.98 128.30

41 G G Dandekar Machine Works Ltd. Rice mill machinery 17.04 19.12 8.21 11.36 59.41% 0.46 3.47 3.27 6.23 3.39 17.73% 4.44 8.43 34.36 45.80 110.40 76.15 15.89 15.22 41.76 65.29 129.80

42 Vishwa Industrial Co. Ltd.Mining, construction & earth moving machinery

11.16 25.14 10.92 20.42 81.23% 0.25 0.33 61.88 -0.19 2.40 9.55% 70.46 62.10 157.72 83.41 105.56 71.42 48.49 31.84 53.52 33.71 131.00

43 Galaxy Bearings Ltd. Ball or roller bearings 20.82 24.92 16.59 20.18 80.98% 3.90 3.71 5.44 1.85 2.22 8.91% 146.40 108.47 75.82 123.19 60.26 58.41 27.12 22.60 94.67 97.71 132.80

44 Anest Iwata Motherson Ltd. Compressors 18.99 18.4 14.15 13.75 74.73% 14.55 13.50 1.02 1.30 1.99 10.82% 84.69 90.69 60.12 82.45 92.17 121.12 6.77 7.60 20.66 22.34 133.20

45 Remi Process Plant & Machinery Ltd. Agitators & mixers 14.74 22.04 14.36 15.22 69.06% 4.84 9.33 1.63 1.95 4.07 18.47% 75.62 20.46 114.15 75.65 73.45 54.73 64.29 44.22 69.69 47.54 134.40

46 Suzlon Generators Ltd. Wind turbines (Wind electricity generator) 218.84 74.49 166.58 63.83 85.69% 69.39 65.12 0.98 18.35 6.82 9.16% 12.20 56.52 96.09 183.91 38.63 61.55 9.22 15.15 36.94 32.40 137.30

47 Sulzer India Ltd. Textile (incl. jute) machinery 202.99 152.79 133.44 89.42 58.52% 19.11 15.56 5.75 47.45 50.28 32.91% 29.39 47.15 114.37 81.79 64.61 94.41 26.75 28.50 38.49 42.51 137.70

48 Anup Engineering Ltd. Chemical machinery 80.87 92.89 64.69 65.00 69.98% 14.51 19.22 3.38 15.80 19.95 21.48% 85.36 95.36 94.03 72.04 53.49 65.73 92.23 94.98 100.14 103.14 137.80

49 Crest Geartech Pvt. Ltd. Automobile ancillaries 17.73 10.48 16.52 9.10 86.83% 2.16 1.98 4.60 0.94 0.62 5.92% 17.55 43.09 89.18 159.73 19.32 23.99 21.79 56.45 38.55 88.67 138.90

50 Kabra Extrusiontechnik Ltd. Rubber & plastic products machinery 153.45 194.53 121.41 146.70 75.41% 39.53 39.29 3.73 20.74 34.93 17.96% 34.20 20.53 60.12 77.31 76.59 69.26 52.02 39.57 52.83 40.01 140.20

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 109: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 107www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

8 Diamond Crucible Co. Pvt. Ltd. Graphite 11.68 13.19 7.93 7.91 59.97% 1.93 2.01 3.94 2.13 2.40 18.20% 68.37 72.12 80.96 122.12 43.54 49.52 22.46 21.85 69.13 52.92 22.20

9 Passary Minerals Ltd. Fire clay 9.72 16.06 7.53 14.25 88.73% 4.10 3.89 3.66 0.97 1.88 11.71% 34.82 28.11 134.45 37.81 85.82 31.41 44.58 35.38 92.30 55.00 24.40

10 Insilco Ltd. Silica sands 64.52 64.21 57.34 46.02 71.67% 24.06 25.76 1.79 4.78 11.03 17.18% 73.96 63.38 23.39 77.06 64.49 88.47 26.70 24.29 45.61 37.70 24.60

11 Almora Magnesite Ltd. Dead-burned (sintered) magnesia 21.17 23.79 19.19 19.82 83.31% 2.84 2.61 7.59 0.94 0.61 2.56% 50.44 57.62 65.03 93.12 514.04 577.02 3.53 5.18 22.20 26.94 25.80

12 Associated Stone Inds. (Kotah) Ltd. Stones, nec 123.83 158.11 57.71 58.76 37.16% 132.51 148.17 0.40 19.72 21.39 13.53% 108.21 111.23 86.37 111.32 99.77 132.61 36.41 47.03 49.49 45.09 28.50

N O N E L E C T R I C A L M A C H I N E R Y

1 Salter India Ltd. Weighing machinery 11.46 13.5 8.94 10.13 75.04% 0.22 0.40 25.33 2.15 3.34 24.74% 64.08 65.71 87.38 43.83 37.32 31.06 4.13 3.21 7.14 9.70 45.60

2 Swaraj Engines Ltd. Diesel engines 208.16 282.43 174.45 230.31 81.55% 26.40 22.72 10.14 36.92 59.55 21.08% 17.14 5.52 27.24 39.76 17.98 19.47 2.13 3.52 5.61 7.90 53.50

3 Mihir Engineers Ltd. Industrial cooling towers 12.46 13.78 9.89 10.13 73.51% 1.70 1.99 5.09 1.57 2.93 21.26% 49.75 48.86 67.51 70.05 38.52 32.17 5.59 4.04 5.62 4.06 55.00

4 W P I L Ltd. Pumps 159.11 212.08 128.05 167.33 78.90% 17.43 22.61 7.40 17.37 25.32 11.94% 125.38 132.74 116.94 125.25 27.77 24.85 5.45 4.08 9.56 7.71 57.40

5 Sulzer Pumps India Ltd. Pumps 280.30 288.37 182.18 172.12 59.69% 26.98 30.43 5.66 58.07 63.51 22.02% 102.35 146.59 113.82 131.08 8.64 11.97 20.51 18.78 23.84 23.65 59.60

6 Flowserve Sanmar Ltd. Parts of pumps & compressors 133.90 140.38 70.11 72.58 51.70% 10.20 9.12 7.96 56.39 60.23 42.90% 87.08 85.70 72.90 73.80 52.40 35.64 23.79 20.32 25.24 21.61 62.90

7 G E I Industrial Systems Ltd. Heat exchangers 211.58 248.29 160.81 181.53 73.11% 39.33 40.84 4.44 30.17 34.99 14.09% 95.70 96.41 141.74 143.45 27.74 24.50 20.69 8.96 21.37 9.24 63.10

8 Aurangabad Motor Mfrs. Pvt. Ltd. Evaporators & Condensors 53.27 57.11 45.81 47.61 83.37% 8.07 4.90 9.72 3.90 7.62 13.34% 31.36 20.39 45.66 54.10 26.82 28.74 10.33 6.64 10.52 6.74 65.50

9 Tyco Sanmar Ltd. Other valves 129.45 111.06 66.86 54.68 49.23% 11.91 11.30 4.84 57.39 51.49 46.36% 86.23 92.13 60.04 74.08 55.37 52.78 13.16 14.18 15.17 16.55 65.80

10 Vacuum Plant & Instruments Mfg. Co. Ltd. Industrial machinery 37.21 33.42 27.00 21.87 65.44% 1.27 2.48 8.82 10.21 9.01 26.96% 120.75 153.79 72.52 68.35 35.30 48.30 27.95 23.93 28.79 24.90 71.70

11 Gujarat Forgings Ltd. Internal combustion engines 57.11 85.96 48.79 74.16 86.27% 10.15 9.47 7.83 7.00 10.16 11.82% 25.08 21.80 58.88 64.72 70.33 47.07 0.52 0.64 8.78 7.86 75.90

12 Xomox Sanmar Ltd. Industrial valves 63.00 77.53 38.49 47.14 60.80% 5.77 25.15 1.87 21.06 26.58 34.28% 83.13 73.71 72.42 81.05 47.32 42.54 25.26 18.00 26.77 19.03 77.30

13 Cenlub Industries Ltd. Pumps 15.35 18.19 12.21 14.28 78.50% 4.01 4.21 3.39 1.96 2.51 13.80% 85.78 81.77 59.31 64.22 42.75 47.16 14.92 16.79 16.99 18.68 83.80

14 Transweigh (India) Ltd. Weighing machinery 80.61 57.43 58.08 50.35 87.67% 7.44 7.03 7.16 8.42 2.96 5.15% 105.62 143.37 91.00 112.14 33.14 28.11 16.43 20.00 17.10 21.27 85.10

15 M V S Engineering Ltd. Producer gas or water gas generators 33.54 29.56 27.66 25.75 87.11% 0.91 0.88 29.26 3.30 2.37 8.02% 29.45 33.00 47.08 51.55 47.89 47.46 3.04 2.04 26.66 27.63 85.20

16 Vanaz Engineers Ltd. Other valves 95.86 100.54 47.92 59.55 59.23% 12.68 13.47 4.42 6.53 11.51 11.45% 35.77 30.30 19.55 30.05 14.56 10.76 50.79 41.66 34.68 33.85 87.00

17 Fisher Sanmar Ltd. Industrial valves 188.29 163.19 136.40 110.98 68.01% 26.34 24.95 4.45 42.75 48.12 29.49% 92.12 87.59 82.99 60.46 62.65 62.50 18.00 20.45 18.55 21.17 87.20

18 Mojj Engineering Systems Ltd. Chemical machinery 78.51 92.8 64.80 84.05 90.57% 2.53 3.63 23.15 6.87 8.57 9.23% 81.28 98.19 105.27 120.12 33.47 43.64 5.93 17.64 6.07 18.06 87.70

19 Shilp Gravures Ltd. Printing machinery 36.98 47.4 21.61 26.90 56.75% 38.74 43.19 0.62 10.28 15.55 32.81% 104.71 95.90 101.89 96.73 49.93 62.83 13.44 14.05 15.85 16.01 88.60

20 T & I Projects Ltd. Industrial machinery 9.78 10.33 8.36 9.39 90.90% 1.42 2.01 4.67 0.50 0.54 5.23% 21.14 31.32 136.97 160.30 22.55 18.64 18.80 11.74 20.01 12.15 91.00

21 Rajoo Engineers Ltd. Rubber & plastic products machinery 48.41 74.02 38.17 56.69 76.59% 7.59 14.82 3.83 5.69 8.03 10.85% 77.82 35.04 145.10 120.86 18.70 23.16 26.95 19.52 44.07 23.50 95.30

22 Orson Holdings Co. Ltd. Industrial valves 10.10 20.21 8.19 15.04 74.42% 3.41 4.38 3.43 1.32 2.48 12.27% 84.44 64.48 36.99 52.43 85.40 50.51 25.75 10.23 96.47 40.95 97.10

23 Kerala Agro Machinery Corpn. Ltd. Agricultural machinery 120.28 136.44 100.61 120.23 88.12% 5.86 6.38 18.84 12.42 14.16 10.38% 70.02 76.74 41.73 60.38 61.19 58.35 17.43 18.64 25.95 29.77 103.60

24 International Combustion (India) Ltd.Mining, construction & earth moving machinery

97.86 96.77 68.61 62.42 64.50% 17.73 19.08 3.27 19.01 21.29 22.00% 89.55 91.47 76.31 95.32 61.90 67.36 10.26 11.26 40.89 41.14 106.30

25 Eaton Fluid Power Ltd. Other valves 135.75 153.11 76.17 74.63 48.74% 20.76 18.88 3.95 -13.77 21.93 14.32% 130.87 92.17 122.73 89.56 69.26 72.73 12.26 12.54 45.81 46.43 109.70

26 Swetha Engineering Ltd. Pulp & paper machinery 24.11 21.9 22.04 15.12 69.04% 3.39 3.74 4.04 1.43 1.39 6.35% 107.24 124.39 113.45 84.60 34.66 41.95 61.31 50.09 62.55 51.22 110.00

27 Crane Process Flow Technologies (India) Ltd. Industrial valves 71.17 56.17 56.68 41.25 73.44% 5.42 4.81 8.58 6.85 8.58 15.28% 65.71 80.49 75.34 71.85 81.55 91.71 14.72 13.83 20.68 18.74 110.10

28 Stovec Industries Ltd. Printing machinery 47.36 46.83 36.26 28.88 61.67% 7.85 7.56 3.82 10.71 11.47 24.49% 93.63 99.68 105.49 104.64 75.16 82.14 26.38 15.98 36.05 29.54 110.20

29 Nichrome India Ltd. Packaging machinery 48.46 49.46 34.12 35.42 71.61% 7.88 7.36 4.81 5.73 7.03 14.21% 41.02 53.91 86.56 81.67 58.11 58.29 28.32 26.68 43.96 34.58 111.70

30 Bala Industries & Entertainment Pvt. Ltd. Poultry-keeping machinery 7.12 10.65 5.65 6.76 63.47% 0.39 0.49 13.80 1.23 3.32 31.17% 51.05 39.64 81.62 110.39 74.16 70.93 39.71 25.20 46.63 26.47 112.70

31 Kilburn Engineering Ltd. Dryers 86.49 88.06 69.18 65.30 74.15% 5.79 16.31 4.00 79.50 8.15 9.26% 79.82 98.22 156.72 115.67 34.55 47.59 52.08 31.12 65.57 37.70 114.30

32 S E Electricals Ltd. Wind turbines (Wind electricity generator) 106.77 240.7 87.57 209.09 86.87% 145.93 147.74 1.42 11.60 28.13 11.69% 45.11 95.40 462.69 213.44 52.23 66.54 5.89 8.35 6.68 12.18 115.90

33 Rieco Industries Ltd. Chemical machinery 68.24 69.47 64.07 56.37 81.14% 2.74 2.87 19.64 4.36 3.74 5.38% 144.27 144.49 157.20 157.50 21.97 26.53 46.23 60.36 50.33 72.68 119.20

34 Avery India Ltd. Weighing machinery 68.06 62.55 50.20 53.44 85.44% 5.69 6.63 8.06 11.83 2.61 4.17% 45.41 39.33 63.61 80.13 99.08 88.55 5.05 4.34 12.24 9.58 119.70

35 Shroffs Engineering Ltd. Pumps 25.78 40.07 20.60 30.83 76.94% 3.63 3.80 8.11 0.68 3.25 8.11% 82.26 50.47 94.10 112.68 60.29 52.04 22.13 12.97 107.51 69.59 121.40

36 Windsor Machines Ltd. Rubber & plastic products machinery 93.01 208.89 84.66 170.04 81.40% 12.93 13.11 12.97 6.10 23.21 11.11% 26.82 16.31 249.07 155.26 83.84 35.31 65.02 35.00 68.09 36.18 125.00

37 Nesco Ltd. Textile (incl. jute) machinery 83.84 98.14 31.60 25.04 25.51% 31.90 29.63 0.85 51.40 82.28 83.84% 34.99 41.31 405.01 500.83 29.21 45.82 44.42 42.27 47.26 46.07 125.00

38 Virgo Engineers Ltd. Valves 250.62 282.29 189.89 202.51 71.74% 68.51 73.57 2.75 46.11 93.38 33.08% 84.37 91.57 129.66 75.09 68.54 71.97 44.86 38.39 51.74 45.14 125.40

39 Lincoln Helios (India) Ltd. Industrial machinery 111.20 90.09 62.88 54.94 60.98% 4.06 4.19 13.11 41.71 31.67 35.15% 98.28 137.07 76.68 135.37 68.45 82.62 19.88 28.40 42.30 63.12 126.20

40 Shivagrico Implements Ltd. Agricultural implements 13.85 22.56 11.68 16.91 74.96% 4.47 4.17 4.06 1.76 2.08 9.22% 19.56 17.33 19.07 25.86 79.36 85.44 12.36 8.23 45.05 37.98 128.30

41 G G Dandekar Machine Works Ltd. Rice mill machinery 17.04 19.12 8.21 11.36 59.41% 0.46 3.47 3.27 6.23 3.39 17.73% 4.44 8.43 34.36 45.80 110.40 76.15 15.89 15.22 41.76 65.29 129.80

42 Vishwa Industrial Co. Ltd.Mining, construction & earth moving machinery

11.16 25.14 10.92 20.42 81.23% 0.25 0.33 61.88 -0.19 2.40 9.55% 70.46 62.10 157.72 83.41 105.56 71.42 48.49 31.84 53.52 33.71 131.00

43 Galaxy Bearings Ltd. Ball or roller bearings 20.82 24.92 16.59 20.18 80.98% 3.90 3.71 5.44 1.85 2.22 8.91% 146.40 108.47 75.82 123.19 60.26 58.41 27.12 22.60 94.67 97.71 132.80

44 Anest Iwata Motherson Ltd. Compressors 18.99 18.4 14.15 13.75 74.73% 14.55 13.50 1.02 1.30 1.99 10.82% 84.69 90.69 60.12 82.45 92.17 121.12 6.77 7.60 20.66 22.34 133.20

45 Remi Process Plant & Machinery Ltd. Agitators & mixers 14.74 22.04 14.36 15.22 69.06% 4.84 9.33 1.63 1.95 4.07 18.47% 75.62 20.46 114.15 75.65 73.45 54.73 64.29 44.22 69.69 47.54 134.40

46 Suzlon Generators Ltd. Wind turbines (Wind electricity generator) 218.84 74.49 166.58 63.83 85.69% 69.39 65.12 0.98 18.35 6.82 9.16% 12.20 56.52 96.09 183.91 38.63 61.55 9.22 15.15 36.94 32.40 137.30

47 Sulzer India Ltd. Textile (incl. jute) machinery 202.99 152.79 133.44 89.42 58.52% 19.11 15.56 5.75 47.45 50.28 32.91% 29.39 47.15 114.37 81.79 64.61 94.41 26.75 28.50 38.49 42.51 137.70

48 Anup Engineering Ltd. Chemical machinery 80.87 92.89 64.69 65.00 69.98% 14.51 19.22 3.38 15.80 19.95 21.48% 85.36 95.36 94.03 72.04 53.49 65.73 92.23 94.98 100.14 103.14 137.80

49 Crest Geartech Pvt. Ltd. Automobile ancillaries 17.73 10.48 16.52 9.10 86.83% 2.16 1.98 4.60 0.94 0.62 5.92% 17.55 43.09 89.18 159.73 19.32 23.99 21.79 56.45 38.55 88.67 138.90

50 Kabra Extrusiontechnik Ltd. Rubber & plastic products machinery 153.45 194.53 121.41 146.70 75.41% 39.53 39.29 3.73 20.74 34.93 17.96% 34.20 20.53 60.12 77.31 76.59 69.26 52.02 39.57 52.83 40.01 140.20

NON

ELECTRICAL

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small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 110: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com108 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

51 A B C Bearings Ltd. Ball or roller bearings 134.49 162.26 94.50 112.31 69.22% 36.96 39.27 2.86 20.21 37.09 22.86% 87.43 72.83 58.41 70.69 107.82 95.24 23.13 16.89 86.71 66.61 141.40

52 Lokesh Machines Ltd. General purpose machinery 74.76 96.88 56.94 72.35 74.68% 64.00 66.04 1.10 15.53 21.83 22.53% 144.93 118.81 121.82 108.51 62.40 49.40 217.82 181.67 260.07 216.81 147.60

53 L & T Plastics Machinery Ltd. Injection moulding machines 86.32 132.55 69.57 108.34 81.74% 24.73 22.88 4.74 0.21 9.88 7.45% 82.62 27.28 172.63 92.70 167.42 83.04 38.59 28.09 40.10 29.27 150.50

54 Glass Equipment (India) Ltd. Other industrial machinery 25.96 36.52 19.96 23.46 64.24% 7.49 6.77 3.47 5.33 9.83 26.92% 91.34 78.55 47.63 24.96 165.26 157.92 44.08 34.64 76.43 67.57 153.90

55 Flender Ltd. [Merged] Gears 182.82 182.82 121.43 121.43 66.42% 42.74 42.74 2.84 37.89 37.89 20.73% 53.85 53.85 99.35 99.35 114.36 114.36 28.68 28.68 31.32 31.32 154.10

56 Fairfield Atlas Ltd. Gears 112.49 91.3 88.25 78.31 85.77% 52.70 47.39 1.65 10.00 20.01 21.92% 62.71 83.38 98.70 97.02 67.62 91.28 26.11 30.17 42.80 50.76 158.10

57 N H B Ball & Roller Ltd. Ball or roller bearings 86.53 137.24 74.91 121.38 88.44% 41.49 39.58 3.07 10.16 18.15 13.23% 104.56 89.14 227.88 124.06 101.80 87.97 20.00 27.83 45.41 53.09 159.00

58 Pennwalt Ltd. Machinery used in food & beverage industries 32.31 24.95 18.81 14.39 57.68% 6.55 6.11 2.36 15.03 11.59 46.45% 29.17 31.17 222.39 263.55 129.16 178.05 17.21 20.13 25.61 28.97 162.90

59 Shakti Pumps (India) Ltd. Pumps 98.55 122.74 87.19 94.14 76.70% 46.23 52.32 1.80 17.26 22.24 18.12% 90.69 83.02 14.12 52.18 88.48 90.81 50.86 64.35 85.86 105.79 162.90

60 Rieter-Lmw Machinery Ltd. Textile spinning machines 94.57 64.49 80.04 62.16 96.39% 44.86 40.79 1.52 -6.88 3.91 6.06% 3.94 12.65 22.26 62.89 110.47 95.70 25.48 22.20 34.51 26.49 163.40

61 Alfred Herbert Ltd. Rubber manufacturing machinery 11.08 20.3 14.37 15.78 77.73% 0.65 0.55 28.69 -3.11 2.29 11.28% 102.87 45.46 218.51 160.71 85.18 76.76 73.67 65.63 81.81 70.67 166.90

62 Killick Engineering Ltd. Non-electrical machinery 10.87 13.77 10.22 12.53 90.99% 2.21 1.94 6.46 0.58 0.52 3.78% 21.20 32.57 236.03 137.67 125.73 102.95 12.01 11.74 86.52 56.10 168.40

63 G M M Pfaudler Ltd. Chemical machinery 146.36 154.13 116.78 118.99 77.20% 29.54 28.06 4.24 19.83 19.96 12.95% 68.77 68.54 114.38 89.86 84.77 88.08 74.62 65.93 82.46 71.85 168.70

64 Austin Engineering Co. Ltd. Ball bearings 82.27 67.68 50.71 39.32 58.10% 16.05 15.00 2.62 12.88 11.99 17.72% 73.14 81.84 87.08 84.04 68.34 89.49 121.76 126.41 141.37 155.24 171.50

65 A M C L Machinery Ltd. Industrial machinery 62.91 35.66 45.47 22.77 63.85% 4.03 4.85 4.69 16.14 8.22 23.05% 55.41 79.49 105.43 99.31 101.41 312.58 27.80 56.04 28.36 58.15 172.60

66 Disa India Ltd. Metallurgical machinery 85.93 71.23 65.39 39.36 55.26% 13.64 12.25 3.21 20.58 17.51 24.58% 23.70 21.01 110.71 143.36 69.07 113.52 46.36 53.68 49.15 57.17 174.30

67 Air Control & Chemical Engg. Co. Ltd. Non-electrical machinery 14.56 21.34 8.41 13.18 61.76% 3.42 3.40 3.88 1.84 2.77 12.98% 235.60 190.91 251.05 114.14 182.12 134.10 235.07 102.94 265.42 117.68 174.60

68 Veejay Lakshmi Engg. Works Ltd. Textile (incl. jute) machinery 34.84 71.89 33.63 54.17 75.35% 41.86 39.94 1.36 -6.49 9.10 12.66% 27.03 8.69 66.64 93.03 162.20 65.33 183.55 118.87 205.21 117.74 175.00

69 Axtel Industries Ltd. Dairy machinery 33.73 27.09 25.99 27.97 103.25% 6.74 6.38 4.38 3.69 2.03 7.49% 71.36 77.05 84.71 140.10 69.86 81.26 42.77 70.30 44.00 73.30 179.70

70 Hari Machines Ltd. Other industrial machinery 130.76 190.94 124.53 137.69 72.11% 22.43 31.06 4.43 15.15 33.99 17.80% 44.16 41.42 174.34 122.06 155.74 208.34 77.29 61.44 79.60 62.89 187.20

71 Shanthi Gears Ltd. Gears 252.27 121.4 141.96 55.94 46.08% 196.15 174.93 0.32 105.79 55.36 45.60% 43.48 70.84 61.47 78.16 90.22 260.31 74.62 125.74 83.18 140.50 188.60

72 S N L Bearings Ltd. Needle roller bearings 12.55 13.16 10.13 10.39 78.95% 3.66 3.22 3.23 2.38 1.17 8.89% 104.23 70.21 66.06 41.90 126.51 166.53 72.86 61.86 160.05 141.95 190.20

73 Swiss Glascoat Equipments Ltd. Other chemical machinery 42.16 45.55 42.48 36.95 81.12% 13.82 19.18 1.93 5.78 6.21 13.63% 54.63 31.26 79.32 119.16 79.92 77.13 94.98 139.37 126.88 164.59 190.30

74 Universal Heat Exchangers Ltd. Heat exchangers 32.47 30.34 25.20 35.33 116.45% 6.72 7.19 4.91 3.79 4.13 13.61% 72.07 109.37 54.08 187.88 164.57 136.07 37.89 105.87 39.17 110.41 194.40

75 Kerala Hitech Inds. Ltd. Internal combustion engines 24.56 22 17.38 18.43 83.77% 13.14 13.05 1.41 9.01 10.28 46.73% 114.21 116.53 1898.82 1966.51 130.30 148.83 89.05 105.49 112.50 130.99 195.30

76 U T Ltd. Gears 78.55 77.73 57.17 56.32 72.46% 21.64 20.23 2.78 -0.99 10.48 13.48% 89.75 121.67 165.94 163.35 211.81 155.58 104.15 128.69 102.61 124.97 195.40

77 Manugraph India Ltd. Printing machinery 398.18 207.12 300.85 116.02 56.02% 75.17 72.75 1.59 68.65 30.07 14.52% 24.04 23.79 88.22 241.79 53.75 168.71 9.68 23.84 104.87 163.56 196.80

78 Interdril (Asia) Ltd. Weights & measures 90.75 45.84 58.59 44.31 96.66% 27.41 46.14 0.96 18.89 11.11 24.24% 184.75 333.14 162.46 170.77 111.05 129.37 107.65 196.27 113.79 274.36 202.50

79 Lagan Engineering Co. Ltd. Textile (incl. jute) machinery 12.54 16.01 14.85 8.95 55.90% 6.67 6.05 1.48 0.81 2.58 16.11% 4.79 35.34 173.83 181.21 241.37 232.22 148.11 148.11 206.87 185.00 216.20

N O N F E R R O U S M E T A L S

1 Hind Aluminium Inds. Ltd. Aluminium bars & rods 220.17 183.58 178.10 139.46 75.97% 23.92 22.85 6.10 7.43 7.05 3.84% 37.77 47.33 5.79 20.80 1.43 10.51 4.18 3.15 5.93 7.33 32.90

2 Baroda Extrusion Ltd. Copper products, nec 26.89 61.89 25.27 43.43 70.17% 1.81 1.67 26.01 5.99 3.44 5.56% 60.01 78.09 74.04 44.33 9.07 10.76 16.94 11.07 21.54 13.51 38.60

3 Bhagyanagar India Ltd. Electrolytic wire bars 182.15 167.68 160.01 148.10 88.32% 74.35 89.71 1.65 25.14 20.96 12.50% 40.94 41.76 34.11 16.72 35.85 28.89 7.30 2.61 7.65 2.88 41.80

4 Gravita India Ltd. Lead, refined 59.25 105.29 53.27 99.64 94.63% 3.50 4.50 22.14 5.31 9.40 8.93% 30.79 20.71 58.96 14.28 22.46 21.14 0.17 0.38 5.85 12.99 43.60

5 Solar Components Pvt. Ltd. [Merged] Copper tubes & pipes 13.88 18.89 11.90 15.95 84.44% 1.15 1.13 14.12 2.00 2.80 14.82% 66.82 67.74 44.07 13.09 54.81 54.54 4.78 4.53 15.10 13.90 52.30

6 Bharat Insulation Co. (India) Ltd. Copper wire 175.19 173.56 159.56 165.53 95.37% 17.07 16.03 10.33 5.75 6.64 3.83% 33.31 28.77 69.17 65.46 2.61 3.35 3.29 3.32 22.87 21.50 52.80

7 Green Pack Foils Pvt. Ltd. Aluminium foils 21.32 18.76 18.13 16.03 85.45% 0.89 1.21 13.25 2.14 2.19 11.67% 103.38 126.24 49.71 50.37 24.33 28.20 15.94 20.86 17.61 22.09 55.50

8 Associated Pigments Ltd. Lead containing antimony 158.63 273.07 151.82 241.90 88.59% 15.19 16.22 14.91 7.71 13.79 5.05% 20.57 21.67 47.64 41.51 8.12 8.74 28.62 16.30 35.52 19.60 57.80

9 P G Foils Ltd. Aluminium foils 168.38 142.98 116.80 109.07 76.28% 7.14 19.47 5.60 1.68 9.40 6.57% 79.64 85.20 28.74 24.05 48.30 41.96 5.13 5.80 19.01 17.96 58.00

10 Raviraj Foils Ltd. Aluminium foils 68.62 79.94 56.94 70.01 87.58% 7.83 7.72 9.07 2.65 8.22 10.28% 40.80 35.78 102.25 132.03 13.63 10.13 11.31 12.89 17.33 20.38 59.30

11 Maan Aluminium Ltd. Other aluminium structures 41.82 68.15 37.13 43.52 63.86% 11.04 11.18 3.89 2.33 4.07 5.97% 47.62 48.41 24.66 37.86 15.32 33.98 10.01 8.65 21.14 15.04 60.70

12 Amco India Ltd. Aluminium foils 92.84 107.63 85.46 97.40 90.50% 20.83 24.19 4.03 5.67 10.37 9.63% 71.41 73.27 56.94 65.94 30.05 29.10 10.21 12.82 21.05 24.40 66.30

13 Shree Narmada Aluminium Inds. Ltd. Other aluminium products 17.61 10.69 16.20 7.44 69.60% 1.28 1.15 6.47 17.02 0.30 2.81% 48.45 43.77 128.38 114.25 32.20 41.17 5.54 5.35 18.85 9.98 67.10

14 Chloride Metals Ltd. Lead 152.75 239.48 142.25 223.64 93.39% 15.75 24.38 9.17 9.09 19.35 8.08% 2.91 2.05 7.63 36.59 44.09 38.71 2.65 7.80 14.31 10.42 68.20

15 Alom Extrusions Ltd. Aluminium structures 131.40 153.41 124.33 132.94 86.66% 46.74 45.82 2.90 7.24 17.39 11.34% 21.67 29.06 47.17 65.76 15.25 19.47 13.00 16.37 21.30 25.99 69.40

16 Agrawal Metal Works Pvt. Ltd. Copper plates, sheets, etc. of copper alloys 219.41 273.86 211.48 254.19 92.82% 35.53 36.35 6.99 1.40 27.82 10.16% 47.40 36.46 6.54 19.14 17.99 10.70 37.06 34.78 42.97 42.31 70.50

17 Hindustan Tin Works Ltd. Tin container 243.98 284.84 219.94 255.77 89.79% 40.46 50.34 5.08 22.39 28.28 9.93% 85.43 84.64 66.27 86.04 26.94 32.94 6.69 11.92 19.77 26.22 70.60

18 Alumeco India Extrusion Ltd. Other aluminium products 57.68 64.2 53.49 57.56 89.66% 8.18 7.26 7.93 -2.92 2.72 4.24% 22.46 18.97 123.13 132.69 58.75 32.55 13.28 7.26 16.00 8.92 70.90

19 Maharashtra Metal Powders Ltd. Aluminium powders, flakes & paste 41.70 50.21 35.54 44.50 88.63% 11.05 11.06 4.02 3.68 4.05 8.07% 56.86 55.15 38.72 32.09 40.70 35.21 4.96 3.66 65.45 55.56 71.40

20 Arcotech Ltd. Non-ferrous metals, nec 46.67 93.09 43.32 82.94 89.10% 13.73 32.32 2.57 3.06 16.47 17.69% 24.59 52.67 45.55 34.34 5.30 7.94 69.93 76.03 79.69 82.32 71.60

21 Blue Precision Ltd. Aluminium alloy ingots 40.74 26.48 42.18 26.20 98.94% 7.52 9.67 2.71 -3.02 4.86 18.35% 35.22 69.45 5.84 27.87 59.18 71.82 4.41 6.13 9.59 15.84 72.30

22 Sudal Industries Ltd. Other aluminium products 70.75 70.12 52.28 60.05 85.64% 15.34 15.01 4.00 7.13 9.17 13.08% 72.39 76.11 131.93 62.45 62.36 58.43 11.44 15.54 9.98 16.51 73.20

23 Aluminium Powder Co. Ltd. Aluminium powders, flakes & paste 15.80 17.19 13.43 14.21 82.66% 1.35 2.76 5.15 1.98 3.99 23.21% 46.21 35.74 10.60 17.07 31.32 41.96 7.12 7.76 33.98 48.93 73.20

24 Shree Extrusions Ltd. Bars, rods, etc. of copper alloys 57.39 64.37 57.38 56.01 87.01% 5.96 6.24 8.98 -0.69 0.39 0.61% 37.22 37.36 89.53 105.17 11.32 10.99 25.82 18.24 31.31 23.93 74.00

25 Jayakrishna Aluminium Ltd. Other aluminium products 3.93 11.09 4.81 10.65 96.03% 7.25 7.12 1.50 -0.11 0.50 4.51% 190.29 73.98 151.39 75.05 18.67 7.17 55.96 31.38 127.57 44.64 75.70

26 Mardia Samyoung Capillary Tubes Co. Ltd. Brass 24.50 29.98 22.93 27.55 91.89% 6.86 7.00 3.94 1.67 1.67 5.57% 43.79 43.81 53.23 13.42 40.99 29.09 40.09 25.77 51.22 33.89 76.10

27 Nissan Copper Ltd. Copper tubes & pipes 134.34 179.19 112.99 168.89 94.25% 26.82 23.56 7.17 13.47 22.92 12.79% 120.93 106.40 62.84 87.22 40.15 32.90 25.36 16.78 39.96 43.01 76.20

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 109www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

51 A B C Bearings Ltd. Ball or roller bearings 134.49 162.26 94.50 112.31 69.22% 36.96 39.27 2.86 20.21 37.09 22.86% 87.43 72.83 58.41 70.69 107.82 95.24 23.13 16.89 86.71 66.61 141.40

52 Lokesh Machines Ltd. General purpose machinery 74.76 96.88 56.94 72.35 74.68% 64.00 66.04 1.10 15.53 21.83 22.53% 144.93 118.81 121.82 108.51 62.40 49.40 217.82 181.67 260.07 216.81 147.60

53 L & T Plastics Machinery Ltd. Injection moulding machines 86.32 132.55 69.57 108.34 81.74% 24.73 22.88 4.74 0.21 9.88 7.45% 82.62 27.28 172.63 92.70 167.42 83.04 38.59 28.09 40.10 29.27 150.50

54 Glass Equipment (India) Ltd. Other industrial machinery 25.96 36.52 19.96 23.46 64.24% 7.49 6.77 3.47 5.33 9.83 26.92% 91.34 78.55 47.63 24.96 165.26 157.92 44.08 34.64 76.43 67.57 153.90

55 Flender Ltd. [Merged] Gears 182.82 182.82 121.43 121.43 66.42% 42.74 42.74 2.84 37.89 37.89 20.73% 53.85 53.85 99.35 99.35 114.36 114.36 28.68 28.68 31.32 31.32 154.10

56 Fairfield Atlas Ltd. Gears 112.49 91.3 88.25 78.31 85.77% 52.70 47.39 1.65 10.00 20.01 21.92% 62.71 83.38 98.70 97.02 67.62 91.28 26.11 30.17 42.80 50.76 158.10

57 N H B Ball & Roller Ltd. Ball or roller bearings 86.53 137.24 74.91 121.38 88.44% 41.49 39.58 3.07 10.16 18.15 13.23% 104.56 89.14 227.88 124.06 101.80 87.97 20.00 27.83 45.41 53.09 159.00

58 Pennwalt Ltd. Machinery used in food & beverage industries 32.31 24.95 18.81 14.39 57.68% 6.55 6.11 2.36 15.03 11.59 46.45% 29.17 31.17 222.39 263.55 129.16 178.05 17.21 20.13 25.61 28.97 162.90

59 Shakti Pumps (India) Ltd. Pumps 98.55 122.74 87.19 94.14 76.70% 46.23 52.32 1.80 17.26 22.24 18.12% 90.69 83.02 14.12 52.18 88.48 90.81 50.86 64.35 85.86 105.79 162.90

60 Rieter-Lmw Machinery Ltd. Textile spinning machines 94.57 64.49 80.04 62.16 96.39% 44.86 40.79 1.52 -6.88 3.91 6.06% 3.94 12.65 22.26 62.89 110.47 95.70 25.48 22.20 34.51 26.49 163.40

61 Alfred Herbert Ltd. Rubber manufacturing machinery 11.08 20.3 14.37 15.78 77.73% 0.65 0.55 28.69 -3.11 2.29 11.28% 102.87 45.46 218.51 160.71 85.18 76.76 73.67 65.63 81.81 70.67 166.90

62 Killick Engineering Ltd. Non-electrical machinery 10.87 13.77 10.22 12.53 90.99% 2.21 1.94 6.46 0.58 0.52 3.78% 21.20 32.57 236.03 137.67 125.73 102.95 12.01 11.74 86.52 56.10 168.40

63 G M M Pfaudler Ltd. Chemical machinery 146.36 154.13 116.78 118.99 77.20% 29.54 28.06 4.24 19.83 19.96 12.95% 68.77 68.54 114.38 89.86 84.77 88.08 74.62 65.93 82.46 71.85 168.70

64 Austin Engineering Co. Ltd. Ball bearings 82.27 67.68 50.71 39.32 58.10% 16.05 15.00 2.62 12.88 11.99 17.72% 73.14 81.84 87.08 84.04 68.34 89.49 121.76 126.41 141.37 155.24 171.50

65 A M C L Machinery Ltd. Industrial machinery 62.91 35.66 45.47 22.77 63.85% 4.03 4.85 4.69 16.14 8.22 23.05% 55.41 79.49 105.43 99.31 101.41 312.58 27.80 56.04 28.36 58.15 172.60

66 Disa India Ltd. Metallurgical machinery 85.93 71.23 65.39 39.36 55.26% 13.64 12.25 3.21 20.58 17.51 24.58% 23.70 21.01 110.71 143.36 69.07 113.52 46.36 53.68 49.15 57.17 174.30

67 Air Control & Chemical Engg. Co. Ltd. Non-electrical machinery 14.56 21.34 8.41 13.18 61.76% 3.42 3.40 3.88 1.84 2.77 12.98% 235.60 190.91 251.05 114.14 182.12 134.10 235.07 102.94 265.42 117.68 174.60

68 Veejay Lakshmi Engg. Works Ltd. Textile (incl. jute) machinery 34.84 71.89 33.63 54.17 75.35% 41.86 39.94 1.36 -6.49 9.10 12.66% 27.03 8.69 66.64 93.03 162.20 65.33 183.55 118.87 205.21 117.74 175.00

69 Axtel Industries Ltd. Dairy machinery 33.73 27.09 25.99 27.97 103.25% 6.74 6.38 4.38 3.69 2.03 7.49% 71.36 77.05 84.71 140.10 69.86 81.26 42.77 70.30 44.00 73.30 179.70

70 Hari Machines Ltd. Other industrial machinery 130.76 190.94 124.53 137.69 72.11% 22.43 31.06 4.43 15.15 33.99 17.80% 44.16 41.42 174.34 122.06 155.74 208.34 77.29 61.44 79.60 62.89 187.20

71 Shanthi Gears Ltd. Gears 252.27 121.4 141.96 55.94 46.08% 196.15 174.93 0.32 105.79 55.36 45.60% 43.48 70.84 61.47 78.16 90.22 260.31 74.62 125.74 83.18 140.50 188.60

72 S N L Bearings Ltd. Needle roller bearings 12.55 13.16 10.13 10.39 78.95% 3.66 3.22 3.23 2.38 1.17 8.89% 104.23 70.21 66.06 41.90 126.51 166.53 72.86 61.86 160.05 141.95 190.20

73 Swiss Glascoat Equipments Ltd. Other chemical machinery 42.16 45.55 42.48 36.95 81.12% 13.82 19.18 1.93 5.78 6.21 13.63% 54.63 31.26 79.32 119.16 79.92 77.13 94.98 139.37 126.88 164.59 190.30

74 Universal Heat Exchangers Ltd. Heat exchangers 32.47 30.34 25.20 35.33 116.45% 6.72 7.19 4.91 3.79 4.13 13.61% 72.07 109.37 54.08 187.88 164.57 136.07 37.89 105.87 39.17 110.41 194.40

75 Kerala Hitech Inds. Ltd. Internal combustion engines 24.56 22 17.38 18.43 83.77% 13.14 13.05 1.41 9.01 10.28 46.73% 114.21 116.53 1898.82 1966.51 130.30 148.83 89.05 105.49 112.50 130.99 195.30

76 U T Ltd. Gears 78.55 77.73 57.17 56.32 72.46% 21.64 20.23 2.78 -0.99 10.48 13.48% 89.75 121.67 165.94 163.35 211.81 155.58 104.15 128.69 102.61 124.97 195.40

77 Manugraph India Ltd. Printing machinery 398.18 207.12 300.85 116.02 56.02% 75.17 72.75 1.59 68.65 30.07 14.52% 24.04 23.79 88.22 241.79 53.75 168.71 9.68 23.84 104.87 163.56 196.80

78 Interdril (Asia) Ltd. Weights & measures 90.75 45.84 58.59 44.31 96.66% 27.41 46.14 0.96 18.89 11.11 24.24% 184.75 333.14 162.46 170.77 111.05 129.37 107.65 196.27 113.79 274.36 202.50

79 Lagan Engineering Co. Ltd. Textile (incl. jute) machinery 12.54 16.01 14.85 8.95 55.90% 6.67 6.05 1.48 0.81 2.58 16.11% 4.79 35.34 173.83 181.21 241.37 232.22 148.11 148.11 206.87 185.00 216.20

N O N F E R R O U S M E T A L S

1 Hind Aluminium Inds. Ltd. Aluminium bars & rods 220.17 183.58 178.10 139.46 75.97% 23.92 22.85 6.10 7.43 7.05 3.84% 37.77 47.33 5.79 20.80 1.43 10.51 4.18 3.15 5.93 7.33 32.90

2 Baroda Extrusion Ltd. Copper products, nec 26.89 61.89 25.27 43.43 70.17% 1.81 1.67 26.01 5.99 3.44 5.56% 60.01 78.09 74.04 44.33 9.07 10.76 16.94 11.07 21.54 13.51 38.60

3 Bhagyanagar India Ltd. Electrolytic wire bars 182.15 167.68 160.01 148.10 88.32% 74.35 89.71 1.65 25.14 20.96 12.50% 40.94 41.76 34.11 16.72 35.85 28.89 7.30 2.61 7.65 2.88 41.80

4 Gravita India Ltd. Lead, refined 59.25 105.29 53.27 99.64 94.63% 3.50 4.50 22.14 5.31 9.40 8.93% 30.79 20.71 58.96 14.28 22.46 21.14 0.17 0.38 5.85 12.99 43.60

5 Solar Components Pvt. Ltd. [Merged] Copper tubes & pipes 13.88 18.89 11.90 15.95 84.44% 1.15 1.13 14.12 2.00 2.80 14.82% 66.82 67.74 44.07 13.09 54.81 54.54 4.78 4.53 15.10 13.90 52.30

6 Bharat Insulation Co. (India) Ltd. Copper wire 175.19 173.56 159.56 165.53 95.37% 17.07 16.03 10.33 5.75 6.64 3.83% 33.31 28.77 69.17 65.46 2.61 3.35 3.29 3.32 22.87 21.50 52.80

7 Green Pack Foils Pvt. Ltd. Aluminium foils 21.32 18.76 18.13 16.03 85.45% 0.89 1.21 13.25 2.14 2.19 11.67% 103.38 126.24 49.71 50.37 24.33 28.20 15.94 20.86 17.61 22.09 55.50

8 Associated Pigments Ltd. Lead containing antimony 158.63 273.07 151.82 241.90 88.59% 15.19 16.22 14.91 7.71 13.79 5.05% 20.57 21.67 47.64 41.51 8.12 8.74 28.62 16.30 35.52 19.60 57.80

9 P G Foils Ltd. Aluminium foils 168.38 142.98 116.80 109.07 76.28% 7.14 19.47 5.60 1.68 9.40 6.57% 79.64 85.20 28.74 24.05 48.30 41.96 5.13 5.80 19.01 17.96 58.00

10 Raviraj Foils Ltd. Aluminium foils 68.62 79.94 56.94 70.01 87.58% 7.83 7.72 9.07 2.65 8.22 10.28% 40.80 35.78 102.25 132.03 13.63 10.13 11.31 12.89 17.33 20.38 59.30

11 Maan Aluminium Ltd. Other aluminium structures 41.82 68.15 37.13 43.52 63.86% 11.04 11.18 3.89 2.33 4.07 5.97% 47.62 48.41 24.66 37.86 15.32 33.98 10.01 8.65 21.14 15.04 60.70

12 Amco India Ltd. Aluminium foils 92.84 107.63 85.46 97.40 90.50% 20.83 24.19 4.03 5.67 10.37 9.63% 71.41 73.27 56.94 65.94 30.05 29.10 10.21 12.82 21.05 24.40 66.30

13 Shree Narmada Aluminium Inds. Ltd. Other aluminium products 17.61 10.69 16.20 7.44 69.60% 1.28 1.15 6.47 17.02 0.30 2.81% 48.45 43.77 128.38 114.25 32.20 41.17 5.54 5.35 18.85 9.98 67.10

14 Chloride Metals Ltd. Lead 152.75 239.48 142.25 223.64 93.39% 15.75 24.38 9.17 9.09 19.35 8.08% 2.91 2.05 7.63 36.59 44.09 38.71 2.65 7.80 14.31 10.42 68.20

15 Alom Extrusions Ltd. Aluminium structures 131.40 153.41 124.33 132.94 86.66% 46.74 45.82 2.90 7.24 17.39 11.34% 21.67 29.06 47.17 65.76 15.25 19.47 13.00 16.37 21.30 25.99 69.40

16 Agrawal Metal Works Pvt. Ltd. Copper plates, sheets, etc. of copper alloys 219.41 273.86 211.48 254.19 92.82% 35.53 36.35 6.99 1.40 27.82 10.16% 47.40 36.46 6.54 19.14 17.99 10.70 37.06 34.78 42.97 42.31 70.50

17 Hindustan Tin Works Ltd. Tin container 243.98 284.84 219.94 255.77 89.79% 40.46 50.34 5.08 22.39 28.28 9.93% 85.43 84.64 66.27 86.04 26.94 32.94 6.69 11.92 19.77 26.22 70.60

18 Alumeco India Extrusion Ltd. Other aluminium products 57.68 64.2 53.49 57.56 89.66% 8.18 7.26 7.93 -2.92 2.72 4.24% 22.46 18.97 123.13 132.69 58.75 32.55 13.28 7.26 16.00 8.92 70.90

19 Maharashtra Metal Powders Ltd. Aluminium powders, flakes & paste 41.70 50.21 35.54 44.50 88.63% 11.05 11.06 4.02 3.68 4.05 8.07% 56.86 55.15 38.72 32.09 40.70 35.21 4.96 3.66 65.45 55.56 71.40

20 Arcotech Ltd. Non-ferrous metals, nec 46.67 93.09 43.32 82.94 89.10% 13.73 32.32 2.57 3.06 16.47 17.69% 24.59 52.67 45.55 34.34 5.30 7.94 69.93 76.03 79.69 82.32 71.60

21 Blue Precision Ltd. Aluminium alloy ingots 40.74 26.48 42.18 26.20 98.94% 7.52 9.67 2.71 -3.02 4.86 18.35% 35.22 69.45 5.84 27.87 59.18 71.82 4.41 6.13 9.59 15.84 72.30

22 Sudal Industries Ltd. Other aluminium products 70.75 70.12 52.28 60.05 85.64% 15.34 15.01 4.00 7.13 9.17 13.08% 72.39 76.11 131.93 62.45 62.36 58.43 11.44 15.54 9.98 16.51 73.20

23 Aluminium Powder Co. Ltd. Aluminium powders, flakes & paste 15.80 17.19 13.43 14.21 82.66% 1.35 2.76 5.15 1.98 3.99 23.21% 46.21 35.74 10.60 17.07 31.32 41.96 7.12 7.76 33.98 48.93 73.20

24 Shree Extrusions Ltd. Bars, rods, etc. of copper alloys 57.39 64.37 57.38 56.01 87.01% 5.96 6.24 8.98 -0.69 0.39 0.61% 37.22 37.36 89.53 105.17 11.32 10.99 25.82 18.24 31.31 23.93 74.00

25 Jayakrishna Aluminium Ltd. Other aluminium products 3.93 11.09 4.81 10.65 96.03% 7.25 7.12 1.50 -0.11 0.50 4.51% 190.29 73.98 151.39 75.05 18.67 7.17 55.96 31.38 127.57 44.64 75.70

26 Mardia Samyoung Capillary Tubes Co. Ltd. Brass 24.50 29.98 22.93 27.55 91.89% 6.86 7.00 3.94 1.67 1.67 5.57% 43.79 43.81 53.23 13.42 40.99 29.09 40.09 25.77 51.22 33.89 76.10

27 Nissan Copper Ltd. Copper tubes & pipes 134.34 179.19 112.99 168.89 94.25% 26.82 23.56 7.17 13.47 22.92 12.79% 120.93 106.40 62.84 87.22 40.15 32.90 25.36 16.78 39.96 43.01 76.20

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PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com110 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

28 Century Extrusions Ltd. Other aluminium products 98.55 122.71 86.53 109.63 89.34% 6.97 44.92 2.44 7.01 12.84 10.46% 38.42 39.52 36.13 37.67 37.62 35.04 14.00 16.66 17.57 21.01 76.20

29 Lap-Ross Engineering Ltd. Aluminium castings 30.12 30.25 14.06 13.89 45.92% 9.54 8.27 1.68 10.45 11.41 37.72% 67.69 57.29 75.95 87.31 115.17 124.36 7.04 4.27 17.23 8.63 76.50

30 Sacheta Metals Ltd. Aluminium kitchen ware 36.78 44.72 31.58 41.79 93.45% 5.73 9.71 4.30 2.27 2.44 5.46% 25.09 24.35 36.03 56.16 81.96 50.62 5.79 4.55 14.02 10.87 77.20

31 Alicon Castalloy Ltd. Aluminium castings 302.67 212.03 242.70 154.28 72.76% 229.50 102.40 1.51 27.60 36.44 17.19% 56.85 71.28 144.25 99.65 36.73 41.41 19.02 20.58 19.57 21.32 77.80

32 Gujarat Foils Ltd. Aluminium foils 76.05 130.71 70.27 126.74 96.96% 5.51 76.36 1.66 3.89 8.54 6.53% 79.17 57.29 94.32 103.30 21.13 27.62 13.44 12.91 75.19 58.29 84.00

33 Light Alloy Products Ltd. Aluminium castings 42.08 39.63 27.09 17.35 43.78% 27.13 30.28 0.57 13.57 19.46 49.10% 53.71 49.14 33.05 45.01 56.95 96.88 11.22 15.14 12.09 17.21 84.30

34 Rashtraudhyog Ltd. Aluminium castings 15.86 16.29 15.10 15.89 97.54% 0.43 0.47 33.81 0.29 0.29 1.78% 57.24 67.51 71.43 40.90 85.42 82.07 13.74 14.42 15.19 15.95 85.90

35 Kaira Can Co. Ltd. Tin container 112.00 98.71 86.37 80.81 81.87% 8.65 6.01 13.45 3.28 7.22 7.31% 22.62 26.78 53.57 64.23 23.60 30.35 62.67 45.21 83.59 56.84 87.70

36 V W F Industries Ltd. Molybdenum 15.31 17.89 14.15 15.87 88.71% 2.18 2.06 7.70 0.50 1.21 6.76% 83.32 73.00 75.76 78.48 45.48 62.80 19.81 21.57 38.11 30.58 92.00

37 Rane Diecast Ltd. Aluminium castings 24.42 21.83 19.31 16.85 77.19% 19.16 18.04 0.93 -1.56 0.68 3.11% 63.72 67.57 73.64 159.14 54.92 77.25 3.97 2.31 56.67 36.65 93.40

38 Shetron Ltd. Tin container 121.31 109.22 94.38 83.77 76.70% 65.36 68.41 1.22 17.96 18.69 17.11% 52.67 78.66 51.49 56.49 97.95 90.06 24.23 26.96 26.25 29.09 94.40

39 Rapicut Carbides Ltd. Tungsten 16.96 20.69 13.99 16.87 81.54% 1.32 1.39 12.14 2.14 3.07 14.84% 57.68 40.25 26.13 24.54 64.03 69.64 73.76 82.29 118.60 111.27 98.90

40 Indo Alusys Inds. Ltd. Aluminium bars, rods & profiles 152.76 159.02 139.17 138.33 86.99% 131.05 143.45 0.96 8.20 13.21 8.31% 30.36 35.30 54.36 83.61 57.61 75.58 7.39 8.47 35.93 36.15 100.30

41 Phoenix Mecano (India) Ltd. Other aluminium products 43.03 41.57 35.10 34.31 82.54% 14.23 17.76 1.93 3.03 4.56 10.97% 59.21 69.35 104.46 71.85 102.71 100.13 15.62 26.54 21.61 33.19 103.10

42 Multimetals Ltd. Copper tubes & pipes 103.93 123.52 88.43 114.15 92.41% 7.04 6.62 17.24 10.47 9.56 7.74% 43.98 45.59 23.81 67.66 43.44 47.84 65.67 60.48 93.97 81.50 103.10

43 Metal Powder Co. Ltd. Aluminium powders, flakes & paste 160.47 155.49 127.92 127.32 81.88% 29.15 32.71 3.89 29.22 33.83 21.76% 24.44 19.90 14.05 24.48 78.90 89.02 23.09 23.38 59.20 66.98 104.20

44 Bhoruka Aluminium Ltd. Other aluminium products 116.02 126.33 104.35 112.99 89.44% 53.85 56.28 2.01 5.71 13.50 10.69% 43.06 63.91 83.21 132.42 56.64 64.90 28.90 34.99 46.84 55.07 107.90

45 Shalimar Wires Industries Ltd. Copper wire 73.19 76.39 39.89 40.95 53.61% 54.70 44.95 0.91 48.77 37.37 48.92% 167.18 93.59 265.40 249.64 128.75 123.47 134.07 118.60 157.29 142.68 116.00

46 Hindalco Almex Aerospace Ltd. Aluminium bars, rods & profiles 6.23 21.86 11.48 16.31 74.61% 86.35 79.52 0.21 -11.33 2.18 9.97% 51.68 37.02 190.34 65.99 96.56 111.41 42.00 39.80 85.39 60.24 119.30

N O N M E T A L L I C M I N E R A L P R O D U C T S

1 Deccan Granites Ltd. Granite 45.11 45.93 43.06 42.58 92.71% 11.11 8.33 5.11 -0.13 0.91 1.98% 108.89 98.36 252.76 257.35 2.39 2.50 0.79 4.13 4.55 8.02 19.30

2 Ashok Granites Ltd. Granite 28.91 27.24 22.71 21.65 79.48% 6.95 7.68 2.82 3.28 2.92 10.72% 132.46 142.12 30.80 28.11 109.15 92.18 12.32 5.93 14.33 7.77 21.50

3 Jalan Carbons & Chemicals Ltd. Asphalt, bitumen or coal tar pitch products 37.02 28.25 33.26 24.55 86.90% 4.29 3.79 6.48 4.10 2.86 10.12% 29.54 52.47 15.28 56.37 20.98 22.35 4.23 9.88 8.45 22.31 22.30

4 John Oakey & Mohan Ltd. Abrasive powder or grain on a base 24.43 27.47 21.07 23.95 87.19% 2.03 2.88 8.32 1.59 2.08 7.57% 59.83 69.00 34.69 59.04 25.90 21.47 6.63 11.51 18.04 25.24 22.40

5 Welcast Steels Ltd. Abrasive powder or grain on a base 189.50 136.85 179.23 127.12 92.89% 15.28 11.99 10.60 8.67 6.66 4.87% 11.95 14.43 47.17 64.80 21.93 34.83 11.38 15.66 12.55 20.47 27.20

6 Sterling Abrasives Ltd. Grinding wheels of synthetic abrasives 28.65 31.81 17.36 17.93 56.37% 8.71 9.80 1.83 6.63 8.99 28.26% 69.90 67.66 38.34 59.34 56.64 60.07 18.28 24.83 52.76 55.59 28.20

7 Sahyadri Industries Ltd. Corrugated asbestos sheets 242.15 281.26 147.44 180.34 64.12% 55.65 100.12 1.80 42.45 55.38 19.69% 24.74 21.57 53.21 62.87 67.75 62.23 0.08 0.11 97.79 91.37 28.80

8 Divyashakti Granites Ltd. Granite 26.25 29.7 15.89 16.56 55.76% 12.66 11.01 1.50 14.71 7.11 23.94% 256.84 263.76 416.92 374.54 101.18 134.23 8.10 7.99 17.76 12.23 29.60

9 Aro Granite Inds. Ltd. Granite 115.84 130.93 86.54 98.41 75.16% 71.27 67.91 1.45 24.66 22.34 17.06% 115.36 114.79 38.85 53.08 92.07 91.81 11.81 7.90 120.06 110.17 30.20

10 Madhav Marbles & Granites Ltd. Granite 58.17 63.74 42.71 46.65 73.19% 38.48 34.33 1.36 9.20 9.34 14.65% 255.99 199.39 50.14 51.21 95.25 92.45 13.24 8.08 79.97 77.51 30.90

11 Glittek Granites Ltd. Granite 9.97 17.36 6.22 11.90 68.55% 17.34 15.94 0.75 2.33 3.30 19.01% 142.63 114.67 69.29 34.83 103.58 47.15 290.92 192.64 337.48 208.46 32.60

12 Pacific Industries Ltd. Granite 60.02 67.25 35.87 38.77 57.65% 20.16 18.02 2.15 16.52 13.41 19.94% 106.60 91.86 249.57 210.70 59.99 57.57 38.71 33.55 129.40 137.56 33.30

13 G T P Granites Ltd. Granite 45.33 45.08 34.33 32.75 72.65% 13.27 15.43 2.12 3.21 3.27 7.25% 139.06 140.78 32.98 46.68 159.68 178.82 22.01 22.28 21.50 22.77 36.30

14 Kesar Marble & Granite Ltd. Granite 21.18 21.7 16.76 17.85 82.26% 18.21 17.66 1.01 2.54 21.78 100.37% 118.33 102.75 186.23 207.64 104.81 72.60 7.23 20.56 121.68 130.12 36.40

15 Milestone Global Ltd. Granite 11.01 11.59 7.78 7.61 65.66% 5.11 4.72 1.61 1.12 1.03 8.89% 80.82 71.65 23.14 30.23 125.47 119.35 91.83 57.71 97.10 60.94 37.90

16 Flexoplast Abrasives (India) Ltd. Flint coated paper 9.99 10.87 9.00 9.02 82.98% 1.52 1.39 6.49 0.32 0.48 4.42% 72.75 65.85 58.86 78.35 37.18 48.57 84.23 79.11 179.23 161.66 38.10

17 Pokarna Ltd. Granite 139.00 124.37 84.81 74.06 59.55% 103.57 104.54 0.71 18.15 20.24 16.27% 117.57 105.61 78.61 79.53 133.03 146.46 21.70 12.22 87.50 79.24 40.20

18 Morganite Crucible (India) Ltd. Ceramic ware for laboratory uses 30.08 53.23 25.09 35.07 65.88% 28.92 27.43 1.28 6.71 12.88 24.20% 59.16 51.16 253.48 173.72 91.20 92.65 34.86 33.78 65.78 73.55 41.00

P A P E R , B O O K S / C A R D S A N D W O O D P R O D U C T S

1 Parijat Paper Mills Ltd. Kraft paper & paperboard 17.85 19.98 16.88 19.21 96.15% 5.03 4.80 4.00 0.48 0.55 2.75% 62.65 62.92 88.56 19.22 15.27 15.29 0.12 0.10 7.33 3.53 57.10

2 Nice Papers Ltd. Kraft paper & paperboard 15.59 21.23 14.73 19.22 90.53% 3.22 3.12 6.16 0.27 1.03 4.85% 44.11 36.22 24.22 17.75 13.74 10.10 1.27 0.68 6.92 6.39 71.40

3 Dev Priya Inds. Ltd. Kraft paper & paperboard 62.80 134.71 56.22 120.56 89.50% 8.72 47.51 2.54 4.65 12.57 9.33% 54.25 52.99 48.45 62.76 44.31 25.34 0.27 0.30 5.18 3.79 73.00

4 Best Paper Mills Pvt. Ltd. Kraft paper & paperboard 154.43 176.74 133.23 151.86 85.92% 34.37 33.61 4.52 13.35 13.67 7.73% 56.74 58.20 29.27 40.60 51.89 49.05 0.18 0.17 3.92 3.67 77.90

5 Balkrishna Paper Mills Ltd. Paper 114.83 142.56 105.72 126.42 88.68% 13.91 14.51 8.71 7.55 12.08 8.47% 31.38 26.83 33.00 39.45 28.11 30.29 0.24 0.17 13.81 7.97 80.90

6 Nikita Papers Pvt. Ltd. Kraft paper & paperboard 31.63 42.4 29.09 38.80 91.51% 9.71 11.02 3.52 1.90 2.51 5.92% 40.30 43.21 59.48 36.10 51.32 36.04 1.07 0.71 4.17 3.20 81.90

7 Magnum Ventures Ltd. Paper 114.03 133.14 83.49 109.23 82.04% 196.01 304.79 0.36 27.93 15.22 11.43% 116.83 121.21 75.64 33.14 35.52 41.41 1.35 0.72 17.18 11.48 86.90

8 Aryan Paper Mills Ltd. Kraft paper & paperboard 44.72 47.31 40.69 41.46 87.63% 8.15 9.05 4.58 2.64 3.02 6.38% 67.93 71.44 61.55 70.76 37.39 44.21 0.09 0.09 10.22 6.41 87.60

9 Perfectpac Ltd. Cartons, boxes, cases, etc. 74.08 84.39 65.84 75.39 89.34% 14.72 16.16 4.67 3.91 4.85 5.75% 41.18 44.33 42.55 49.41 18.86 17.20 2.90 1.95 7.89 5.90 88.60

10 Vamshadhara Paper Mills Ltd. Kraft paper & paperboard 37.07 97.92 33.60 87.06 88.91% 27.27 33.89 2.57 2.03 8.67 8.85% 67.56 44.16 74.99 54.19 43.19 40.61 1.11 0.61 8.37 4.52 89.90

11 Dev Priya Product Ltd. Kraft paper & paperboard 123.42 142.73 110.11 125.72 88.08% 29.93 30.45 4.13 9.93 10.47 7.34% 53.50 56.99 43.78 50.88 43.77 36.40 0.91 0.86 9.95 8.40 91.80

12 Sree Sakthi Paper Mills Ltd.Paper & paperboard, corrugated, crepped, embossed, etc

137.60 141.46 114.80 118.87 84.03% 47.73 48.27 2.46 11.07 14.30 10.11% 53.68 51.08 46.92 41.80 36.25 40.97 3.31 3.62 4.04 4.20 94.70

13 Agarwal Duplex Board Mills Ltd. Paper 38.04 45.82 33.88 39.54 86.29% 17.46 16.10 2.46 4.44 4.91 10.72% 104.95 105.96 123.24 106.07 62.07 29.54 1.78 1.67 12.50 10.10 96.20

14 Vishal Coaters Ltd. Paper 25.23 22.02 23.18 20.25 91.96% 4.31 4.67 4.34 1.79 1.60 7.27% 30.92 29.74 34.87 37.59 46.93 30.71 0.78 1.63 3.49 4.74 96.30

15 Ballavpur Paper Mfg. Ltd. Kraft paper & paperboard 4.64 66.98 5.42 57.50 85.85% 56.98 57.83 0.99 -0.74 4.47 6.67% 114.69 34.92 511.57 88.17 182.50 28.19 1.32 0.32 34.83 4.39 97.30

16 Maruti Papers Ltd. Kraft paper & paperboard 28.01 29.85 23.10 26.62 89.18% 11.14 16.92 1.57 2.48 3.77 12.63% 40.39 47.84 74.35 49.22 37.80 22.26 1.16 1.06 21.78 14.61 97.60

17 Sangal Papers Ltd. Writing, printing paper 58.49 60.39 50.28 53.06 87.86% 20.72 19.35 2.74 5.34 5.27 8.73% 58.47 71.24 77.50 50.56 52.94 51.30 1.07 1.16 8.58 6.57 97.90

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 113: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 111www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

28 Century Extrusions Ltd. Other aluminium products 98.55 122.71 86.53 109.63 89.34% 6.97 44.92 2.44 7.01 12.84 10.46% 38.42 39.52 36.13 37.67 37.62 35.04 14.00 16.66 17.57 21.01 76.20

29 Lap-Ross Engineering Ltd. Aluminium castings 30.12 30.25 14.06 13.89 45.92% 9.54 8.27 1.68 10.45 11.41 37.72% 67.69 57.29 75.95 87.31 115.17 124.36 7.04 4.27 17.23 8.63 76.50

30 Sacheta Metals Ltd. Aluminium kitchen ware 36.78 44.72 31.58 41.79 93.45% 5.73 9.71 4.30 2.27 2.44 5.46% 25.09 24.35 36.03 56.16 81.96 50.62 5.79 4.55 14.02 10.87 77.20

31 Alicon Castalloy Ltd. Aluminium castings 302.67 212.03 242.70 154.28 72.76% 229.50 102.40 1.51 27.60 36.44 17.19% 56.85 71.28 144.25 99.65 36.73 41.41 19.02 20.58 19.57 21.32 77.80

32 Gujarat Foils Ltd. Aluminium foils 76.05 130.71 70.27 126.74 96.96% 5.51 76.36 1.66 3.89 8.54 6.53% 79.17 57.29 94.32 103.30 21.13 27.62 13.44 12.91 75.19 58.29 84.00

33 Light Alloy Products Ltd. Aluminium castings 42.08 39.63 27.09 17.35 43.78% 27.13 30.28 0.57 13.57 19.46 49.10% 53.71 49.14 33.05 45.01 56.95 96.88 11.22 15.14 12.09 17.21 84.30

34 Rashtraudhyog Ltd. Aluminium castings 15.86 16.29 15.10 15.89 97.54% 0.43 0.47 33.81 0.29 0.29 1.78% 57.24 67.51 71.43 40.90 85.42 82.07 13.74 14.42 15.19 15.95 85.90

35 Kaira Can Co. Ltd. Tin container 112.00 98.71 86.37 80.81 81.87% 8.65 6.01 13.45 3.28 7.22 7.31% 22.62 26.78 53.57 64.23 23.60 30.35 62.67 45.21 83.59 56.84 87.70

36 V W F Industries Ltd. Molybdenum 15.31 17.89 14.15 15.87 88.71% 2.18 2.06 7.70 0.50 1.21 6.76% 83.32 73.00 75.76 78.48 45.48 62.80 19.81 21.57 38.11 30.58 92.00

37 Rane Diecast Ltd. Aluminium castings 24.42 21.83 19.31 16.85 77.19% 19.16 18.04 0.93 -1.56 0.68 3.11% 63.72 67.57 73.64 159.14 54.92 77.25 3.97 2.31 56.67 36.65 93.40

38 Shetron Ltd. Tin container 121.31 109.22 94.38 83.77 76.70% 65.36 68.41 1.22 17.96 18.69 17.11% 52.67 78.66 51.49 56.49 97.95 90.06 24.23 26.96 26.25 29.09 94.40

39 Rapicut Carbides Ltd. Tungsten 16.96 20.69 13.99 16.87 81.54% 1.32 1.39 12.14 2.14 3.07 14.84% 57.68 40.25 26.13 24.54 64.03 69.64 73.76 82.29 118.60 111.27 98.90

40 Indo Alusys Inds. Ltd. Aluminium bars, rods & profiles 152.76 159.02 139.17 138.33 86.99% 131.05 143.45 0.96 8.20 13.21 8.31% 30.36 35.30 54.36 83.61 57.61 75.58 7.39 8.47 35.93 36.15 100.30

41 Phoenix Mecano (India) Ltd. Other aluminium products 43.03 41.57 35.10 34.31 82.54% 14.23 17.76 1.93 3.03 4.56 10.97% 59.21 69.35 104.46 71.85 102.71 100.13 15.62 26.54 21.61 33.19 103.10

42 Multimetals Ltd. Copper tubes & pipes 103.93 123.52 88.43 114.15 92.41% 7.04 6.62 17.24 10.47 9.56 7.74% 43.98 45.59 23.81 67.66 43.44 47.84 65.67 60.48 93.97 81.50 103.10

43 Metal Powder Co. Ltd. Aluminium powders, flakes & paste 160.47 155.49 127.92 127.32 81.88% 29.15 32.71 3.89 29.22 33.83 21.76% 24.44 19.90 14.05 24.48 78.90 89.02 23.09 23.38 59.20 66.98 104.20

44 Bhoruka Aluminium Ltd. Other aluminium products 116.02 126.33 104.35 112.99 89.44% 53.85 56.28 2.01 5.71 13.50 10.69% 43.06 63.91 83.21 132.42 56.64 64.90 28.90 34.99 46.84 55.07 107.90

45 Shalimar Wires Industries Ltd. Copper wire 73.19 76.39 39.89 40.95 53.61% 54.70 44.95 0.91 48.77 37.37 48.92% 167.18 93.59 265.40 249.64 128.75 123.47 134.07 118.60 157.29 142.68 116.00

46 Hindalco Almex Aerospace Ltd. Aluminium bars, rods & profiles 6.23 21.86 11.48 16.31 74.61% 86.35 79.52 0.21 -11.33 2.18 9.97% 51.68 37.02 190.34 65.99 96.56 111.41 42.00 39.80 85.39 60.24 119.30

N O N M E T A L L I C M I N E R A L P R O D U C T S

1 Deccan Granites Ltd. Granite 45.11 45.93 43.06 42.58 92.71% 11.11 8.33 5.11 -0.13 0.91 1.98% 108.89 98.36 252.76 257.35 2.39 2.50 0.79 4.13 4.55 8.02 19.30

2 Ashok Granites Ltd. Granite 28.91 27.24 22.71 21.65 79.48% 6.95 7.68 2.82 3.28 2.92 10.72% 132.46 142.12 30.80 28.11 109.15 92.18 12.32 5.93 14.33 7.77 21.50

3 Jalan Carbons & Chemicals Ltd. Asphalt, bitumen or coal tar pitch products 37.02 28.25 33.26 24.55 86.90% 4.29 3.79 6.48 4.10 2.86 10.12% 29.54 52.47 15.28 56.37 20.98 22.35 4.23 9.88 8.45 22.31 22.30

4 John Oakey & Mohan Ltd. Abrasive powder or grain on a base 24.43 27.47 21.07 23.95 87.19% 2.03 2.88 8.32 1.59 2.08 7.57% 59.83 69.00 34.69 59.04 25.90 21.47 6.63 11.51 18.04 25.24 22.40

5 Welcast Steels Ltd. Abrasive powder or grain on a base 189.50 136.85 179.23 127.12 92.89% 15.28 11.99 10.60 8.67 6.66 4.87% 11.95 14.43 47.17 64.80 21.93 34.83 11.38 15.66 12.55 20.47 27.20

6 Sterling Abrasives Ltd. Grinding wheels of synthetic abrasives 28.65 31.81 17.36 17.93 56.37% 8.71 9.80 1.83 6.63 8.99 28.26% 69.90 67.66 38.34 59.34 56.64 60.07 18.28 24.83 52.76 55.59 28.20

7 Sahyadri Industries Ltd. Corrugated asbestos sheets 242.15 281.26 147.44 180.34 64.12% 55.65 100.12 1.80 42.45 55.38 19.69% 24.74 21.57 53.21 62.87 67.75 62.23 0.08 0.11 97.79 91.37 28.80

8 Divyashakti Granites Ltd. Granite 26.25 29.7 15.89 16.56 55.76% 12.66 11.01 1.50 14.71 7.11 23.94% 256.84 263.76 416.92 374.54 101.18 134.23 8.10 7.99 17.76 12.23 29.60

9 Aro Granite Inds. Ltd. Granite 115.84 130.93 86.54 98.41 75.16% 71.27 67.91 1.45 24.66 22.34 17.06% 115.36 114.79 38.85 53.08 92.07 91.81 11.81 7.90 120.06 110.17 30.20

10 Madhav Marbles & Granites Ltd. Granite 58.17 63.74 42.71 46.65 73.19% 38.48 34.33 1.36 9.20 9.34 14.65% 255.99 199.39 50.14 51.21 95.25 92.45 13.24 8.08 79.97 77.51 30.90

11 Glittek Granites Ltd. Granite 9.97 17.36 6.22 11.90 68.55% 17.34 15.94 0.75 2.33 3.30 19.01% 142.63 114.67 69.29 34.83 103.58 47.15 290.92 192.64 337.48 208.46 32.60

12 Pacific Industries Ltd. Granite 60.02 67.25 35.87 38.77 57.65% 20.16 18.02 2.15 16.52 13.41 19.94% 106.60 91.86 249.57 210.70 59.99 57.57 38.71 33.55 129.40 137.56 33.30

13 G T P Granites Ltd. Granite 45.33 45.08 34.33 32.75 72.65% 13.27 15.43 2.12 3.21 3.27 7.25% 139.06 140.78 32.98 46.68 159.68 178.82 22.01 22.28 21.50 22.77 36.30

14 Kesar Marble & Granite Ltd. Granite 21.18 21.7 16.76 17.85 82.26% 18.21 17.66 1.01 2.54 21.78 100.37% 118.33 102.75 186.23 207.64 104.81 72.60 7.23 20.56 121.68 130.12 36.40

15 Milestone Global Ltd. Granite 11.01 11.59 7.78 7.61 65.66% 5.11 4.72 1.61 1.12 1.03 8.89% 80.82 71.65 23.14 30.23 125.47 119.35 91.83 57.71 97.10 60.94 37.90

16 Flexoplast Abrasives (India) Ltd. Flint coated paper 9.99 10.87 9.00 9.02 82.98% 1.52 1.39 6.49 0.32 0.48 4.42% 72.75 65.85 58.86 78.35 37.18 48.57 84.23 79.11 179.23 161.66 38.10

17 Pokarna Ltd. Granite 139.00 124.37 84.81 74.06 59.55% 103.57 104.54 0.71 18.15 20.24 16.27% 117.57 105.61 78.61 79.53 133.03 146.46 21.70 12.22 87.50 79.24 40.20

18 Morganite Crucible (India) Ltd. Ceramic ware for laboratory uses 30.08 53.23 25.09 35.07 65.88% 28.92 27.43 1.28 6.71 12.88 24.20% 59.16 51.16 253.48 173.72 91.20 92.65 34.86 33.78 65.78 73.55 41.00

P A P E R , B O O K S / C A R D S A N D W O O D P R O D U C T S

1 Parijat Paper Mills Ltd. Kraft paper & paperboard 17.85 19.98 16.88 19.21 96.15% 5.03 4.80 4.00 0.48 0.55 2.75% 62.65 62.92 88.56 19.22 15.27 15.29 0.12 0.10 7.33 3.53 57.10

2 Nice Papers Ltd. Kraft paper & paperboard 15.59 21.23 14.73 19.22 90.53% 3.22 3.12 6.16 0.27 1.03 4.85% 44.11 36.22 24.22 17.75 13.74 10.10 1.27 0.68 6.92 6.39 71.40

3 Dev Priya Inds. Ltd. Kraft paper & paperboard 62.80 134.71 56.22 120.56 89.50% 8.72 47.51 2.54 4.65 12.57 9.33% 54.25 52.99 48.45 62.76 44.31 25.34 0.27 0.30 5.18 3.79 73.00

4 Best Paper Mills Pvt. Ltd. Kraft paper & paperboard 154.43 176.74 133.23 151.86 85.92% 34.37 33.61 4.52 13.35 13.67 7.73% 56.74 58.20 29.27 40.60 51.89 49.05 0.18 0.17 3.92 3.67 77.90

5 Balkrishna Paper Mills Ltd. Paper 114.83 142.56 105.72 126.42 88.68% 13.91 14.51 8.71 7.55 12.08 8.47% 31.38 26.83 33.00 39.45 28.11 30.29 0.24 0.17 13.81 7.97 80.90

6 Nikita Papers Pvt. Ltd. Kraft paper & paperboard 31.63 42.4 29.09 38.80 91.51% 9.71 11.02 3.52 1.90 2.51 5.92% 40.30 43.21 59.48 36.10 51.32 36.04 1.07 0.71 4.17 3.20 81.90

7 Magnum Ventures Ltd. Paper 114.03 133.14 83.49 109.23 82.04% 196.01 304.79 0.36 27.93 15.22 11.43% 116.83 121.21 75.64 33.14 35.52 41.41 1.35 0.72 17.18 11.48 86.90

8 Aryan Paper Mills Ltd. Kraft paper & paperboard 44.72 47.31 40.69 41.46 87.63% 8.15 9.05 4.58 2.64 3.02 6.38% 67.93 71.44 61.55 70.76 37.39 44.21 0.09 0.09 10.22 6.41 87.60

9 Perfectpac Ltd. Cartons, boxes, cases, etc. 74.08 84.39 65.84 75.39 89.34% 14.72 16.16 4.67 3.91 4.85 5.75% 41.18 44.33 42.55 49.41 18.86 17.20 2.90 1.95 7.89 5.90 88.60

10 Vamshadhara Paper Mills Ltd. Kraft paper & paperboard 37.07 97.92 33.60 87.06 88.91% 27.27 33.89 2.57 2.03 8.67 8.85% 67.56 44.16 74.99 54.19 43.19 40.61 1.11 0.61 8.37 4.52 89.90

11 Dev Priya Product Ltd. Kraft paper & paperboard 123.42 142.73 110.11 125.72 88.08% 29.93 30.45 4.13 9.93 10.47 7.34% 53.50 56.99 43.78 50.88 43.77 36.40 0.91 0.86 9.95 8.40 91.80

12 Sree Sakthi Paper Mills Ltd.Paper & paperboard, corrugated, crepped, embossed, etc

137.60 141.46 114.80 118.87 84.03% 47.73 48.27 2.46 11.07 14.30 10.11% 53.68 51.08 46.92 41.80 36.25 40.97 3.31 3.62 4.04 4.20 94.70

13 Agarwal Duplex Board Mills Ltd. Paper 38.04 45.82 33.88 39.54 86.29% 17.46 16.10 2.46 4.44 4.91 10.72% 104.95 105.96 123.24 106.07 62.07 29.54 1.78 1.67 12.50 10.10 96.20

14 Vishal Coaters Ltd. Paper 25.23 22.02 23.18 20.25 91.96% 4.31 4.67 4.34 1.79 1.60 7.27% 30.92 29.74 34.87 37.59 46.93 30.71 0.78 1.63 3.49 4.74 96.30

15 Ballavpur Paper Mfg. Ltd. Kraft paper & paperboard 4.64 66.98 5.42 57.50 85.85% 56.98 57.83 0.99 -0.74 4.47 6.67% 114.69 34.92 511.57 88.17 182.50 28.19 1.32 0.32 34.83 4.39 97.30

16 Maruti Papers Ltd. Kraft paper & paperboard 28.01 29.85 23.10 26.62 89.18% 11.14 16.92 1.57 2.48 3.77 12.63% 40.39 47.84 74.35 49.22 37.80 22.26 1.16 1.06 21.78 14.61 97.60

17 Sangal Papers Ltd. Writing, printing paper 58.49 60.39 50.28 53.06 87.86% 20.72 19.35 2.74 5.34 5.27 8.73% 58.47 71.24 77.50 50.56 52.94 51.30 1.07 1.16 8.58 6.57 97.90

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small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 114: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com112 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

18 Sidharth Papers Ltd. Paper 163.28 173.11 133.08 144.12 83.25% 69.66 75.16 1.92 23.83 24.10 13.92% 62.37 73.12 43.28 23.93 56.74 64.47 1.02 1.09 9.70 8.10 100.30

19 Rama Paper Mills Ltd. Writing, printing paper 106.97 109.1 88.18 93.77 85.95% 60.34 89.65 1.05 13.90 11.72 10.74% 104.33 99.03 58.98 66.90 31.08 36.15 1.52 2.35 6.83 8.62 101.30

20 Ruby Macons Ltd. Kraft paper & paperboard 259.20 278.26 205.10 216.84 77.93% 78.93 99.01 2.19 26.93 41.58 14.94% 38.34 40.40 34.07 31.16 44.80 57.53 3.69 3.39 5.82 5.15 104.30

21 Modinagar Paper Mills Ltd. Kraft paper & paperboard 28.53 38.3 25.84 34.74 90.70% 8.37 8.95 3.88 2.04 3.18 8.30% 66.46 56.21 66.30 69.26 29.09 46.92 0.44 0.44 7.86 8.27 104.50

22 Repro India Ltd. Printed books, brochures, etc. 239.07 200.89 171.64 148.81 74.08% 123.09 133.95 1.11 35.91 33.10 16.48% 107.48 149.75 81.81 43.19 38.15 58.66 2.74 5.00 3.77 5.78 105.00

23 Kalptaru Papers Ltd. Newsprint 52.60 55.24 51.38 46.22 83.67% 27.24 25.64 1.80 1.89 5.61 10.16% 55.33 62.29 107.36 122.31 43.49 40.20 0.15 0.20 10.80 12.80 105.70

24 Nath Pulp & Paper Mills Ltd. Paper 35.01 53.76 34.14 47.92 89.14% 25.16 21.58 2.22 135.43 1.04 1.93% 31.56 28.43 83.19 73.30 99.67 29.32 2.21 0.49 18.26 7.29 106.30

25 General Metallisers Ltd. Metallised Paper 23.22 28.72 20.94 24.73 86.11% 13.69 13.99 1.77 1.78 3.70 12.88% 32.52 35.52 45.02 29.98 33.83 32.65 6.46 7.32 7.58 7.83 106.80

26 Shree Ajit Pulp & Paper Ltd. Kraft paper & paperboard 59.87 89.44 52.26 69.91 78.16% 37.79 50.29 1.39 6.04 16.79 18.77% 13.71 24.27 47.36 60.54 72.78 68.13 0.07 0.08 3.32 3.45 107.70

27 Craft Corner Paper Mills Ltd. Kraft paper & paperboard 25.34 28.1 23.39 25.69 91.42% 2.30 2.37 10.84 1.27 1.09 3.88% 35.60 29.74 30.26 39.78 41.53 59.56 1.04 1.03 3.40 3.05 114.70

28 Enexco Teknologies India Ltd. Stationery 172.77 101.14 132.29 82.13 81.20% 34.53 33.79 2.43 15.75 16.14 15.96% 74.30 128.59 81.36 111.26 3.40 6.01 10.95 10.55 37.00 53.94 116.10

29 Bindlas Duplux Ltd. Kraft paper & paperboard 57.71 60.64 50.34 53.26 87.83% 27.90 26.87 1.98 7.34 6.33 10.44% 80.56 84.46 100.91 71.66 50.34 68.54 0.90 0.87 7.88 7.36 119.60

30 South India Paper Mills Ltd. Kraft paper & paperboard 125.79 127.8 104.02 93.89 73.47% 61.05 60.79 1.54 16.74 25.00 19.56% 54.70 51.55 37.14 41.98 41.92 67.24 1.21 1.08 12.62 14.55 120.70

31 Shreyans Industries Ltd. Paper 258.21 238.42 204.28 212.00 88.92% 102.62 100.41 2.11 39.14 22.57 9.47% 39.68 35.40 46.74 52.56 56.28 54.53 2.84 2.26 4.93 5.37 121.30

32 Gaurav Paper Mills Ltd. Writing, printing paper 21.76 14.55 20.05 13.85 95.19% 14.01 13.54 1.02 1.05 0.46 3.16% 40.70 55.39 74.48 107.37 17.42 24.53 0.96 0.84 7.54 13.20 122.50

33 Satia Industries Ltd. Writing, printing paper 211.64 260 164.78 230.58 88.68% 103.01 125.03 1.84 28.06 28.52 10.97% 35.60 38.32 110.32 129.22 39.82 28.59 3.07 5.28 6.73 9.71 126.20

34 Unick Fix-A-Form & Printers Ltd. Other printed matter 8.70 12.19 6.58 8.35 68.50% 10.20 9.89 0.84 1.93 3.06 25.10% 79.50 84.74 151.02 97.15 42.79 39.17 18.01 10.72 21.72 15.57 126.80

35 Oriental Veneer Products Ltd. Densified wood 100.23 64.25 85.57 31.53 49.07% 6.41 6.61 4.77 3.90 3.38 5.26% 76.97 105.59 131.10 81.18 2.69 13.11 22.12 94.19 22.92 58.70 127.30

36 A B C Paper Ltd. Paper 197.08 212.39 146.80 161.96 76.26% 135.41 218.81 0.74 39.36 38.52 18.14% 7.11 10.84 17.15 33.24 56.16 76.35 1.63 2.28 1.67 3.19 129.00

37 Khatema Fibres Ltd. Kraft paper & paperboard 124.78 102.24 121.59 93.85 91.79% 63.88 55.51 1.69 -2.27 3.07 3.00% 84.44 121.36 30.22 23.42 69.29 43.66 8.80 10.48 18.11 17.57 134.10

38 Siddheshwari Paper Udyog Ltd. Kraft paper & paperboard 44.82 43.53 36.68 35.66 81.92% 4.82 14.20 2.51 6.45 6.41 14.73% 59.96 65.48 11.36 69.55 82.44 152.48 0.69 0.74 5.43 4.61 136.80

39 Calcutta Security Printers Ltd. Printing and allied activities nec 11.35 11.94 10.58 10.99 92.04% 4.00 3.46 3.18 0.57 0.73 6.11% 37.84 38.49 46.55 40.15 65.07 51.40 11.18 8.17 11.64 8.49 140.10

40 T C P L Packaging Ltd. Other printed matter 159.24 188.31 128.18 151.75 80.59% 90.73 104.17 1.46 24.08 26.40 14.02% 44.27 48.07 59.49 64.12 55.35 52.78 9.27 9.94 13.60 12.87 141.50

41 Shakumbhri Pulp & Paper Mills Ltd. Kraft paper & paperboard 5.57 10.3 4.61 8.40 81.55% 10.75 10.17 0.83 0.90 1.94 18.83% 59.31 44.37 82.20 79.51 67.00 58.28 1.30 1.17 11.95 15.61 142.10

42 Shree Karthik Papers Ltd. Paper 21.95 20.38 20.47 18.49 90.73% 6.48 9.71 1.90 0.55 2.58 12.66% 107.02 112.67 51.87 60.06 50.24 53.11 8.61 7.68 10.96 19.53 142.50

43 Shree Rajeshwaranand Paper Mills Ltd. Writing, printing paper 56.12 58.8 44.95 30.98 52.69% 19.42 22.52 1.38 5.76 5.30 9.01% 64.75 105.53 19.88 54.99 43.87 105.63 1.52 1.47 24.47 12.28 144.50

44 Rainbow Papers Ltd. Kraft paper & paperboard 226.45 268.09 165.08 177.37 66.16% 130.70 314.01 0.56 49.74 66.82 24.92% 39.61 46.50 85.28 112.72 51.66 73.18 1.96 3.65 3.73 5.55 146.20

45 Shree Sita Ram Paper Mills Ltd. Kraft paper & paperboard 24.43 29.76 22.41 26.82 90.12% 5.19 4.65 5.77 2.37 2.39 8.03% 61.35 58.25 42.98 40.16 71.06 69.08 3.38 2.46 22.68 19.87 147.10

46 Malu Paper Mills Ltd. Newsprint 147.67 117.68 129.02 107.64 91.47% 93.18 111.23 0.97 15.21 8.66 7.36% 36.21 59.94 57.51 66.38 46.09 57.34 0.87 1.29 9.04 16.80 147.50

47 Pudumjee Pulp & Paper Mills Ltd. Paper 220.03 216.94 165.38 176.75 81.47% 118.78 110.64 1.60 24.21 32.10 14.80% 48.26 48.44 40.82 53.44 81.53 60.42 2.97 4.34 31.77 27.90 148.70

48 Genus Paper Products Ltd. Kraft paper & paperboard 92.63 109.33 75.96 78.65 71.94% 110.85 104.40 0.75 16.93 17.78 16.26% 69.56 62.92 47.97 59.51 132.69 160.64 0.58 0.49 13.18 10.26 150.40

49 Madhya Bharat Papers Ltd. Paper 55.88 56.72 45.96 52.01 91.70% 30.59 29.39 1.77 4.40 1.04 1.83% 16.81 16.32 44.90 37.89 60.77 57.75 1.02 2.45 10.96 11.50 150.80

50 Ellora Paper Mills Ltd. Writing, printing paper 55.90 48.12 26.67 26.62 55.32% 18.00 17.79 1.50 1.77 2.90 6.03% 39.88 64.49 22.04 39.78 53.30 87.41 5.19 2.48 12.11 17.84 153.60

51 Sun Paper Mill Ltd. Paper 68.96 78.82 69.25 70.30 89.19% 31.51 29.61 2.37 -2.69 5.77 7.32% 27.48 30.36 80.61 66.98 72.38 70.35 1.00 0.85 14.63 13.26 154.30

52 Pudumjee Industries Ltd. Paper 96.42 70.17 82.01 68.95 98.26% 13.16 24.94 2.76 7.26 7.04 10.03% 52.82 75.22 49.33 41.52 60.89 92.11 0.69 1.22 14.36 19.86 155.70

53 Sainsons Paper Inds. Ltd. Writing, printing paper 45.90 51.84 36.25 39.07 75.37% 21.72 37.11 1.05 7.78 10.73 20.70% 42.53 44.42 31.90 33.89 131.12 123.94 6.11 4.79 10.71 10.67 155.80

54 U V Boards Ltd. Plywood 14.89 18.36 10.46 9.77 53.21% 8.56 9.35 1.04 2.20 2.17 11.82% 39.87 73.82 17.38 57.42 55.74 90.08 9.82 11.82 10.34 9.96 156.70

55 Janardhan Plyboard Inds. Ltd. Plywood 9.83 11.45 8.29 9.34 81.57% 2.74 2.44 3.83 1.31 1.93 16.86% 142.96 161.62 109.24 92.47 159.10 127.82 3.11 4.79 10.71 12.91 157.70

56 Anand Tissues Ltd.Paper & paperboard, corrugated, crepped, embossed, etc

18.94 20.45 14.15 7.33 35.84% 20.39 17.28 0.42 4.49 2.63 12.86% 136.56 153.67 233.89 142.93 361.38 602.66 1.50 1.15 10.95 5.19 158.00

57 Sundaram Multi Pap Ltd. Registers, account books, note books, etc. 129.93 150.75 106.77 103.82 68.87% 73.40 84.82 1.22 13.53 20.92 13.88% 66.52 86.49 44.63 36.27 73.98 90.45 8.33 7.29 36.27 30.83 160.60

58 Ruchira Papers Ltd. Kraft paper & paperboard 161.95 199.18 145.27 174.84 87.78% 187.31 180.16 0.97 15.97 19.37 9.72% 34.98 34.69 72.33 68.04 46.53 58.18 4.36 5.52 11.37 13.47 161.40

59 Sarda Plywood Inds. Ltd. Plywood 101.25 116.86 77.53 94.94 81.24% 8.96 8.41 11.29 0.67 5.72 4.89% 42.05 46.75 73.41 79.32 51.83 46.41 15.21 19.98 61.77 58.73 163.20

60 Safepack Industries Ltd. Cartons, boxes, cases, etc. 14.97 35.36 12.33 31.78 89.88% 15.58 16.14 1.97 1.73 2.72 7.69% 85.74 53.37 64.76 63.37 66.20 47.57 43.80 20.94 45.13 23.99 163.60

61 Ganga Papers India Ltd. Newsprint 39.18 41.64 35.51 36.73 88.21% 6.38 6.48 5.67 -6.23 3.21 7.71% 39.12 41.43 11.03 15.22 101.40 89.04 11.78 5.94 23.93 17.06 164.90

62 Parksons Packaging Ltd. Cartons, boxes, cases, etc. 150.50 195.66 121.37 143.23 73.20% 147.40 164.41 0.87 15.96 37.02 18.92% 60.76 56.92 28.66 55.43 61.71 67.51 33.15 25.68 34.42 28.58 165.30

63 Archies Ltd. Greeting card 138.71 156.13 53.39 60.37 38.67% 35.56 52.96 1.14 6.49 17.95 11.50% 27.97 29.08 57.23 54.13 57.74 52.16 11.83 11.11 184.67 167.88 166.20

64 Surya Chandra Paper Mills Ltd. Writing, printing paper 40.85 37.63 36.52 33.95 90.22% 23.26 22.13 1.53 4.76 3.91 10.39% 62.03 73.44 78.89 93.03 53.38 74.50 2.95 4.12 8.50 15.37 166.50

65 B & A Packaging India Ltd. Sacks and bags of paper 19.79 18.23 16.31 14.18 77.78% 3.19 3.09 4.59 2.60 2.68 14.70% 64.98 71.58 50.51 24.69 115.71 140.17 6.44 7.35 28.52 30.49 167.40

66 Permali Wallace Ltd. Densified wood 38.31 43.71 28.67 30.21 69.11% 7.56 10.20 2.96 7.71 9.67 22.12% 67.57 64.04 42.12 58.39 69.86 89.37 17.54 29.38 51.67 61.79 174.80

67 Jolly Board Ltd. Particle boards 118.91 133.65 34.80 40.39 30.22% 42.02 46.96 0.86 71.51 67.29 50.35% 15.43 13.76 567.87 120.15 141.83 137.10 0.53 0.28 17.70 16.23 175.30

68 P C I Papers Ltd.Paper & paperboard, coated with china clay/kaolin

23.50 27.69 20.50 23.55 85.05% 3.39 3.43 6.87 1.87 1.78 6.43% 111.99 101.86 128.96 89.31 72.76 72.49 24.25 18.90 50.01 38.46 175.90

69 Magna Graphics (India) Ltd. Printing and allied activities nec 26.81 42.24 26.00 28.71 67.97% 2.80 10.05 2.86 3.27 3.79 8.97% 145.95 125.38 87.89 87.22 83.44 87.67 56.09 35.04 64.80 38.52 178.00

70 Hanuman Agro Inds. Ltd. Paper 40.72 35.59 35.96 28.89 81.17% 17.21 15.85 1.82 2.65 3.76 10.56% 26.74 27.20 41.01 39.38 64.79 83.48 3.28 7.06 47.34 58.23 178.40

71 Plus Paper Foodpac Ltd. Cartons, boxes, cases, etc. 30.87 35.49 23.86 28.24 79.57% 29.60 36.32 0.78 1.33 4.65 13.10% 67.92 68.06 47.60 53.73 71.78 84.52 12.99 16.52 41.72 39.88 179.40

72 Purity Flex Pack Ltd. Paper tarred, plastic coated, etc. 19.00 18.86 15.98 15.84 83.99% 6.24 6.15 2.58 1.75 1.89 10.02% 51.62 55.27 105.70 81.44 92.26 87.33 21.24 16.00 27.64 18.21 182.40

73 Fibre Foils Ltd. Paper products 29.32 32.44 21.64 24.71 76.17% 40.71 38.05 0.65 3.51 3.98 12.27% 47.33 53.38 68.65 59.07 104.89 107.67 15.19 14.48 16.53 15.16 188.00

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 113www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

18 Sidharth Papers Ltd. Paper 163.28 173.11 133.08 144.12 83.25% 69.66 75.16 1.92 23.83 24.10 13.92% 62.37 73.12 43.28 23.93 56.74 64.47 1.02 1.09 9.70 8.10 100.30

19 Rama Paper Mills Ltd. Writing, printing paper 106.97 109.1 88.18 93.77 85.95% 60.34 89.65 1.05 13.90 11.72 10.74% 104.33 99.03 58.98 66.90 31.08 36.15 1.52 2.35 6.83 8.62 101.30

20 Ruby Macons Ltd. Kraft paper & paperboard 259.20 278.26 205.10 216.84 77.93% 78.93 99.01 2.19 26.93 41.58 14.94% 38.34 40.40 34.07 31.16 44.80 57.53 3.69 3.39 5.82 5.15 104.30

21 Modinagar Paper Mills Ltd. Kraft paper & paperboard 28.53 38.3 25.84 34.74 90.70% 8.37 8.95 3.88 2.04 3.18 8.30% 66.46 56.21 66.30 69.26 29.09 46.92 0.44 0.44 7.86 8.27 104.50

22 Repro India Ltd. Printed books, brochures, etc. 239.07 200.89 171.64 148.81 74.08% 123.09 133.95 1.11 35.91 33.10 16.48% 107.48 149.75 81.81 43.19 38.15 58.66 2.74 5.00 3.77 5.78 105.00

23 Kalptaru Papers Ltd. Newsprint 52.60 55.24 51.38 46.22 83.67% 27.24 25.64 1.80 1.89 5.61 10.16% 55.33 62.29 107.36 122.31 43.49 40.20 0.15 0.20 10.80 12.80 105.70

24 Nath Pulp & Paper Mills Ltd. Paper 35.01 53.76 34.14 47.92 89.14% 25.16 21.58 2.22 135.43 1.04 1.93% 31.56 28.43 83.19 73.30 99.67 29.32 2.21 0.49 18.26 7.29 106.30

25 General Metallisers Ltd. Metallised Paper 23.22 28.72 20.94 24.73 86.11% 13.69 13.99 1.77 1.78 3.70 12.88% 32.52 35.52 45.02 29.98 33.83 32.65 6.46 7.32 7.58 7.83 106.80

26 Shree Ajit Pulp & Paper Ltd. Kraft paper & paperboard 59.87 89.44 52.26 69.91 78.16% 37.79 50.29 1.39 6.04 16.79 18.77% 13.71 24.27 47.36 60.54 72.78 68.13 0.07 0.08 3.32 3.45 107.70

27 Craft Corner Paper Mills Ltd. Kraft paper & paperboard 25.34 28.1 23.39 25.69 91.42% 2.30 2.37 10.84 1.27 1.09 3.88% 35.60 29.74 30.26 39.78 41.53 59.56 1.04 1.03 3.40 3.05 114.70

28 Enexco Teknologies India Ltd. Stationery 172.77 101.14 132.29 82.13 81.20% 34.53 33.79 2.43 15.75 16.14 15.96% 74.30 128.59 81.36 111.26 3.40 6.01 10.95 10.55 37.00 53.94 116.10

29 Bindlas Duplux Ltd. Kraft paper & paperboard 57.71 60.64 50.34 53.26 87.83% 27.90 26.87 1.98 7.34 6.33 10.44% 80.56 84.46 100.91 71.66 50.34 68.54 0.90 0.87 7.88 7.36 119.60

30 South India Paper Mills Ltd. Kraft paper & paperboard 125.79 127.8 104.02 93.89 73.47% 61.05 60.79 1.54 16.74 25.00 19.56% 54.70 51.55 37.14 41.98 41.92 67.24 1.21 1.08 12.62 14.55 120.70

31 Shreyans Industries Ltd. Paper 258.21 238.42 204.28 212.00 88.92% 102.62 100.41 2.11 39.14 22.57 9.47% 39.68 35.40 46.74 52.56 56.28 54.53 2.84 2.26 4.93 5.37 121.30

32 Gaurav Paper Mills Ltd. Writing, printing paper 21.76 14.55 20.05 13.85 95.19% 14.01 13.54 1.02 1.05 0.46 3.16% 40.70 55.39 74.48 107.37 17.42 24.53 0.96 0.84 7.54 13.20 122.50

33 Satia Industries Ltd. Writing, printing paper 211.64 260 164.78 230.58 88.68% 103.01 125.03 1.84 28.06 28.52 10.97% 35.60 38.32 110.32 129.22 39.82 28.59 3.07 5.28 6.73 9.71 126.20

34 Unick Fix-A-Form & Printers Ltd. Other printed matter 8.70 12.19 6.58 8.35 68.50% 10.20 9.89 0.84 1.93 3.06 25.10% 79.50 84.74 151.02 97.15 42.79 39.17 18.01 10.72 21.72 15.57 126.80

35 Oriental Veneer Products Ltd. Densified wood 100.23 64.25 85.57 31.53 49.07% 6.41 6.61 4.77 3.90 3.38 5.26% 76.97 105.59 131.10 81.18 2.69 13.11 22.12 94.19 22.92 58.70 127.30

36 A B C Paper Ltd. Paper 197.08 212.39 146.80 161.96 76.26% 135.41 218.81 0.74 39.36 38.52 18.14% 7.11 10.84 17.15 33.24 56.16 76.35 1.63 2.28 1.67 3.19 129.00

37 Khatema Fibres Ltd. Kraft paper & paperboard 124.78 102.24 121.59 93.85 91.79% 63.88 55.51 1.69 -2.27 3.07 3.00% 84.44 121.36 30.22 23.42 69.29 43.66 8.80 10.48 18.11 17.57 134.10

38 Siddheshwari Paper Udyog Ltd. Kraft paper & paperboard 44.82 43.53 36.68 35.66 81.92% 4.82 14.20 2.51 6.45 6.41 14.73% 59.96 65.48 11.36 69.55 82.44 152.48 0.69 0.74 5.43 4.61 136.80

39 Calcutta Security Printers Ltd. Printing and allied activities nec 11.35 11.94 10.58 10.99 92.04% 4.00 3.46 3.18 0.57 0.73 6.11% 37.84 38.49 46.55 40.15 65.07 51.40 11.18 8.17 11.64 8.49 140.10

40 T C P L Packaging Ltd. Other printed matter 159.24 188.31 128.18 151.75 80.59% 90.73 104.17 1.46 24.08 26.40 14.02% 44.27 48.07 59.49 64.12 55.35 52.78 9.27 9.94 13.60 12.87 141.50

41 Shakumbhri Pulp & Paper Mills Ltd. Kraft paper & paperboard 5.57 10.3 4.61 8.40 81.55% 10.75 10.17 0.83 0.90 1.94 18.83% 59.31 44.37 82.20 79.51 67.00 58.28 1.30 1.17 11.95 15.61 142.10

42 Shree Karthik Papers Ltd. Paper 21.95 20.38 20.47 18.49 90.73% 6.48 9.71 1.90 0.55 2.58 12.66% 107.02 112.67 51.87 60.06 50.24 53.11 8.61 7.68 10.96 19.53 142.50

43 Shree Rajeshwaranand Paper Mills Ltd. Writing, printing paper 56.12 58.8 44.95 30.98 52.69% 19.42 22.52 1.38 5.76 5.30 9.01% 64.75 105.53 19.88 54.99 43.87 105.63 1.52 1.47 24.47 12.28 144.50

44 Rainbow Papers Ltd. Kraft paper & paperboard 226.45 268.09 165.08 177.37 66.16% 130.70 314.01 0.56 49.74 66.82 24.92% 39.61 46.50 85.28 112.72 51.66 73.18 1.96 3.65 3.73 5.55 146.20

45 Shree Sita Ram Paper Mills Ltd. Kraft paper & paperboard 24.43 29.76 22.41 26.82 90.12% 5.19 4.65 5.77 2.37 2.39 8.03% 61.35 58.25 42.98 40.16 71.06 69.08 3.38 2.46 22.68 19.87 147.10

46 Malu Paper Mills Ltd. Newsprint 147.67 117.68 129.02 107.64 91.47% 93.18 111.23 0.97 15.21 8.66 7.36% 36.21 59.94 57.51 66.38 46.09 57.34 0.87 1.29 9.04 16.80 147.50

47 Pudumjee Pulp & Paper Mills Ltd. Paper 220.03 216.94 165.38 176.75 81.47% 118.78 110.64 1.60 24.21 32.10 14.80% 48.26 48.44 40.82 53.44 81.53 60.42 2.97 4.34 31.77 27.90 148.70

48 Genus Paper Products Ltd. Kraft paper & paperboard 92.63 109.33 75.96 78.65 71.94% 110.85 104.40 0.75 16.93 17.78 16.26% 69.56 62.92 47.97 59.51 132.69 160.64 0.58 0.49 13.18 10.26 150.40

49 Madhya Bharat Papers Ltd. Paper 55.88 56.72 45.96 52.01 91.70% 30.59 29.39 1.77 4.40 1.04 1.83% 16.81 16.32 44.90 37.89 60.77 57.75 1.02 2.45 10.96 11.50 150.80

50 Ellora Paper Mills Ltd. Writing, printing paper 55.90 48.12 26.67 26.62 55.32% 18.00 17.79 1.50 1.77 2.90 6.03% 39.88 64.49 22.04 39.78 53.30 87.41 5.19 2.48 12.11 17.84 153.60

51 Sun Paper Mill Ltd. Paper 68.96 78.82 69.25 70.30 89.19% 31.51 29.61 2.37 -2.69 5.77 7.32% 27.48 30.36 80.61 66.98 72.38 70.35 1.00 0.85 14.63 13.26 154.30

52 Pudumjee Industries Ltd. Paper 96.42 70.17 82.01 68.95 98.26% 13.16 24.94 2.76 7.26 7.04 10.03% 52.82 75.22 49.33 41.52 60.89 92.11 0.69 1.22 14.36 19.86 155.70

53 Sainsons Paper Inds. Ltd. Writing, printing paper 45.90 51.84 36.25 39.07 75.37% 21.72 37.11 1.05 7.78 10.73 20.70% 42.53 44.42 31.90 33.89 131.12 123.94 6.11 4.79 10.71 10.67 155.80

54 U V Boards Ltd. Plywood 14.89 18.36 10.46 9.77 53.21% 8.56 9.35 1.04 2.20 2.17 11.82% 39.87 73.82 17.38 57.42 55.74 90.08 9.82 11.82 10.34 9.96 156.70

55 Janardhan Plyboard Inds. Ltd. Plywood 9.83 11.45 8.29 9.34 81.57% 2.74 2.44 3.83 1.31 1.93 16.86% 142.96 161.62 109.24 92.47 159.10 127.82 3.11 4.79 10.71 12.91 157.70

56 Anand Tissues Ltd.Paper & paperboard, corrugated, crepped, embossed, etc

18.94 20.45 14.15 7.33 35.84% 20.39 17.28 0.42 4.49 2.63 12.86% 136.56 153.67 233.89 142.93 361.38 602.66 1.50 1.15 10.95 5.19 158.00

57 Sundaram Multi Pap Ltd. Registers, account books, note books, etc. 129.93 150.75 106.77 103.82 68.87% 73.40 84.82 1.22 13.53 20.92 13.88% 66.52 86.49 44.63 36.27 73.98 90.45 8.33 7.29 36.27 30.83 160.60

58 Ruchira Papers Ltd. Kraft paper & paperboard 161.95 199.18 145.27 174.84 87.78% 187.31 180.16 0.97 15.97 19.37 9.72% 34.98 34.69 72.33 68.04 46.53 58.18 4.36 5.52 11.37 13.47 161.40

59 Sarda Plywood Inds. Ltd. Plywood 101.25 116.86 77.53 94.94 81.24% 8.96 8.41 11.29 0.67 5.72 4.89% 42.05 46.75 73.41 79.32 51.83 46.41 15.21 19.98 61.77 58.73 163.20

60 Safepack Industries Ltd. Cartons, boxes, cases, etc. 14.97 35.36 12.33 31.78 89.88% 15.58 16.14 1.97 1.73 2.72 7.69% 85.74 53.37 64.76 63.37 66.20 47.57 43.80 20.94 45.13 23.99 163.60

61 Ganga Papers India Ltd. Newsprint 39.18 41.64 35.51 36.73 88.21% 6.38 6.48 5.67 -6.23 3.21 7.71% 39.12 41.43 11.03 15.22 101.40 89.04 11.78 5.94 23.93 17.06 164.90

62 Parksons Packaging Ltd. Cartons, boxes, cases, etc. 150.50 195.66 121.37 143.23 73.20% 147.40 164.41 0.87 15.96 37.02 18.92% 60.76 56.92 28.66 55.43 61.71 67.51 33.15 25.68 34.42 28.58 165.30

63 Archies Ltd. Greeting card 138.71 156.13 53.39 60.37 38.67% 35.56 52.96 1.14 6.49 17.95 11.50% 27.97 29.08 57.23 54.13 57.74 52.16 11.83 11.11 184.67 167.88 166.20

64 Surya Chandra Paper Mills Ltd. Writing, printing paper 40.85 37.63 36.52 33.95 90.22% 23.26 22.13 1.53 4.76 3.91 10.39% 62.03 73.44 78.89 93.03 53.38 74.50 2.95 4.12 8.50 15.37 166.50

65 B & A Packaging India Ltd. Sacks and bags of paper 19.79 18.23 16.31 14.18 77.78% 3.19 3.09 4.59 2.60 2.68 14.70% 64.98 71.58 50.51 24.69 115.71 140.17 6.44 7.35 28.52 30.49 167.40

66 Permali Wallace Ltd. Densified wood 38.31 43.71 28.67 30.21 69.11% 7.56 10.20 2.96 7.71 9.67 22.12% 67.57 64.04 42.12 58.39 69.86 89.37 17.54 29.38 51.67 61.79 174.80

67 Jolly Board Ltd. Particle boards 118.91 133.65 34.80 40.39 30.22% 42.02 46.96 0.86 71.51 67.29 50.35% 15.43 13.76 567.87 120.15 141.83 137.10 0.53 0.28 17.70 16.23 175.30

68 P C I Papers Ltd.Paper & paperboard, coated with china clay/kaolin

23.50 27.69 20.50 23.55 85.05% 3.39 3.43 6.87 1.87 1.78 6.43% 111.99 101.86 128.96 89.31 72.76 72.49 24.25 18.90 50.01 38.46 175.90

69 Magna Graphics (India) Ltd. Printing and allied activities nec 26.81 42.24 26.00 28.71 67.97% 2.80 10.05 2.86 3.27 3.79 8.97% 145.95 125.38 87.89 87.22 83.44 87.67 56.09 35.04 64.80 38.52 178.00

70 Hanuman Agro Inds. Ltd. Paper 40.72 35.59 35.96 28.89 81.17% 17.21 15.85 1.82 2.65 3.76 10.56% 26.74 27.20 41.01 39.38 64.79 83.48 3.28 7.06 47.34 58.23 178.40

71 Plus Paper Foodpac Ltd. Cartons, boxes, cases, etc. 30.87 35.49 23.86 28.24 79.57% 29.60 36.32 0.78 1.33 4.65 13.10% 67.92 68.06 47.60 53.73 71.78 84.52 12.99 16.52 41.72 39.88 179.40

72 Purity Flex Pack Ltd. Paper tarred, plastic coated, etc. 19.00 18.86 15.98 15.84 83.99% 6.24 6.15 2.58 1.75 1.89 10.02% 51.62 55.27 105.70 81.44 92.26 87.33 21.24 16.00 27.64 18.21 182.40

73 Fibre Foils Ltd. Paper products 29.32 32.44 21.64 24.71 76.17% 40.71 38.05 0.65 3.51 3.98 12.27% 47.33 53.38 68.65 59.07 104.89 107.67 15.19 14.48 16.53 15.16 188.00

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small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 116: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com114 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

74 Star Paper Mills Ltd. Paper 361.05 254.27 303.33 219.39 86.28% 140.50 130.54 1.68 51.05 21.46 8.44% 8.84 13.91 52.07 75.30 62.02 72.54 3.93 5.70 23.60 25.08 190.10

75 Novopan Industries Ltd. Particle boards 76.50 65.16 71.50 55.19 84.70% 68.05 64.57 0.85 -4.69 1.27 1.95% 60.44 60.62 103.42 147.24 156.82 204.23 1.26 1.37 5.33 7.98 191.10

76 Yash Papers Ltd. Kraft paper & paperboard 83.93 81.59 66.27 60.42 74.05% 107.74 103.15 0.59 14.70 16.70 20.47% 26.22 31.42 61.75 80.57 112.49 135.99 1.66 2.40 17.50 20.78 191.80

77 Supreme Paper Mills Ltd. Paper 33.09 31.55 32.85 29.39 93.15% 11.33 11.57 2.54 1.58 1.61 5.10% 18.29 23.26 70.56 96.43 55.76 69.59 2.09 2.42 35.03 41.94 192.90

78 Western India Plywoods Ltd. Plywood 86.31 83.67 58.43 56.21 67.18% 37.32 33.30 1.69 18.50 16.20 19.36% 47.17 51.04 61.68 51.79 106.14 99.48 58.74 54.04 211.00 194.69 192.90

79 Mangalam Timber Products Ltd. Boards of woods 71.04 67.52 49.96 46.10 68.28% 16.03 22.49 2.05 8.20 4.27 6.32% 75.71 67.25 107.10 112.27 92.06 124.98 3.62 4.56 132.18 155.84 198.10

80 Delta Paper Mills Ltd. Paper 155.37 143.11 131.27 125.59 87.76% 78.86 73.17 1.72 16.47 11.21 7.83% 33.60 42.98 92.51 105.81 113.58 98.14 5.19 9.93 8.29 14.11 198.50

81 Mohit Paper Mills Ltd. Paper 54.36 49.59 47.77 46.25 93.26% 23.00 22.78 2.03 5.73 4.19 8.45% 29.00 30.06 63.63 70.45 114.77 133.58 4.46 5.74 10.03 12.20 199.40

82 Cochin Kagaz Ltd. Kraft paper & paperboard 30.17 17.92 27.46 13.49 75.28% 18.81 18.27 0.74 3.52 3.05 17.02% 95.37 150.08 93.27 109.37 139.14 373.32 2.64 6.49 15.58 28.61 199.40

83 A P R Sacks Ltd. Sacks and bags of paper 60.03 66.63 51.64 55.12 82.73% 25.71 24.10 2.29 5.23 4.80 7.20% 63.43 63.39 429.35 355.01 213.30 240.63 7.59 7.59 10.85 11.79 201.30

84 Shree Bhawani Paper Mills Ltd. Writing, printing paper 124.78 133.44 110.84 113.46 85.03% 93.75 93.95 1.21 5.70 11.19 8.39% 29.92 35.57 78.78 82.72 63.96 100.92 3.85 5.69 13.19 21.66 202.30

85 Uniply Industries Ltd. Plywood 82.90 85.83 57.42 55.34 64.48% 38.44 14.64 3.78 -0.29 3.04 3.54% 96.05 72.82 159.30 84.60 125.30 164.38 54.68 54.48 66.14 58.53 213.60

86 Ecoboard Industries Ltd. Particle boards 63.40 48.16 44.39 39.55 82.12% 45.22 41.82 0.95 11.48 2.48 5.15% 73.99 81.90 83.21 75.07 95.32 111.23 43.88 63.05 164.84 162.56 218.50

87 Sai Rayalseema Paper Mills Ltd. Writing, printing paper 67.99 39.42 65.18 36.05 91.45% 668.66 639.58 0.06 13.60 11.50 29.17% 80.42 81.97 60.81 152.48 153.98 312.89 30.85 85.79 47.69 102.46 235.70

88 Well Pack Papers & Containers Ltd. Kraft paper & paperboard 20.95 18.26 19.24 19.42 106.35% 6.19 22.40 0.87 1.56 2.90 15.88% 41.66 59.23 96.15 141.03 113.46 163.12 35.88 90.36 40.86 124.04 241.10

P O L Y M E R S A N D P L A S T I C P R O D U C T S

1 Pragati Chemicals Ltd. Amino/phenolic resins & polyurethanes 17.16 18.4 14.56 14.97 81.36% 0.87 0.82 18.26 1.33 2.72 14.78% 70.35 74.13 30.02 21.41 11.76 10.80 1.29 1.65 22.20 21.38 63.80

2 Resins & Plastics Ltd. Amino/phenolic resins & polyurethanes 54.29 64.64 46.75 55.60 86.01% 4.76 4.77 11.66 3.41 6.37 9.85% 66.67 61.77 28.86 26.32 18.40 15.44 2.39 1.75 21.41 16.65 82.80

3 Integrated Thermoplastics Ltd. Tubes, pipes & hoses, flexible 62.17 92.21 57.56 86.32 93.61% 2.91 3.16 27.32 2.12 3.51 3.81% 47.73 43.31 17.14 44.27 6.20 4.83 0.66 1.70 10.41 9.22 89.80

4 Ganpati Plastfab Ltd. Sacks & bags of polyethylene 39.28 39.54 34.86 35.89 90.77% 5.47 7.46 4.81 2.90 2.36 5.97% 23.53 27.35 9.70 26.76 10.03 8.90 4.96 2.54 10.93 7.20 92.60

5 Polylink Polymers (India) Ltd. Linear low density polyethylene (LLDPE) 51.97 32.15 47.45 28.50 88.65% 13.66 12.14 2.35 -0.62 4.63 14.40% 45.58 46.19 22.71 33.53 25.57 22.49 0.27 0.44 8.50 10.68 100.40

6 Tipco Industries Ltd. Amino/phenolic resins & polyurethanes 37.92 47.05 35.69 42.17 89.63% 11.16 10.85 3.89 19.02 1.75 3.72% 96.90 85.25 106.70 95.30 16.56 12.19 5.04 3.17 8.89 5.92 102.20

7 Shivalik Agro Poly Products Ltd. Biaxially oriented polypropylene (BOPP) film 72.42 70.14 58.21 57.17 81.51% 9.27 18.18 3.14 8.37 8.31 11.85% 56.83 62.97 29.41 42.69 28.38 26.75 0.80 0.61 9.12 11.55 105.40

8 Mewar Polytex Ltd. Sacks & bags of polyethylene 22.87 25.61 17.70 20.74 80.98% 5.64 6.21 3.34 1.74 3.85 15.03% 34.91 21.69 3.91 5.27 43.21 18.80 4.19 4.33 17.88 18.05 105.80

9 Gujarat Polybutenes Pvt. Ltd. Polyisobutylene 58.81 35.74 55.20 31.97 89.45% 1.31 1.24 25.78 2.18 1.48 4.14% 21.49 49.45 22.17 31.53 6.75 17.11 1.40 2.54 10.79 18.02 107.50

10 Pearl Engineering Polymers Ltd. Polyethylene terephthalate (PET) 163.89 140.21 147.71 134.62 96.01% 31.36 27.87 4.83 3.73 1.05 0.75% 16.22 30.78 9.37 17.31 11.64 11.96 3.39 4.65 10.85 12.57 112.40

11 Hitech Plast Ltd. Reservoirs, tanks, etc. 134.88 159.33 105.49 122.22 76.71% 23.07 32.39 3.77 20.56 28.30 17.76% 36.29 36.57 21.16 24.50 19.88 21.88 10.84 11.30 15.59 15.22 116.30

12 Pankaj Polymers Ltd. Sacks & bags of polyethylene 28.30 25.04 24.50 22.48 89.78% 6.63 6.68 3.37 1.92 1.68 6.71% 60.85 80.18 4.28 6.42 29.70 24.12 15.85 4.42 24.10 17.17 123.60

13 Sunrise Containers Ltd. Carboys, bottles & flasks 127.92 144.46 98.39 110.82 76.71% 42.90 50.19 2.21 18.58 28.17 19.50% 38.59 38.51 29.05 28.14 18.34 20.16 2.40 3.59 28.89 31.99 125.00

14 Ashok Polymers Ltd. Sacks & bags of polyethylene 68.10 82.06 61.92 75.89 92.48% 12.54 14.70 5.16 4.51 6.48 7.90% 35.93 41.11 22.99 44.95 18.59 20.90 5.08 6.93 5.38 7.19 126.20

15 Tirupati Structurals Ltd. Tubes, pipes & hoses of poly vinyl chloride 149.20 141.32 132.94 119.07 84.26% 18.04 20.35 5.85 13.79 19.17 13.56% 53.66 77.84 32.91 72.05 12.44 22.77 1.25 1.14 27.66 39.67 127.50

16 Mahindra Composites Ltd. Other articles of plastics, nec 42.81 46 34.59 37.42 81.35% 7.60 7.73 4.84 5.86 5.95 12.93% 97.89 98.16 55.15 46.03 23.77 27.83 8.34 11.70 12.05 15.24 130.80

17 Ecoplast Ltd. Other sheets, films & foils of plastics 31.86 48.46 26.96 42.03 86.73% 11.72 10.51 4.00 1.89 4.17 8.61% 62.17 52.01 34.70 41.76 54.93 29.53 2.23 2.85 10.74 8.32 131.80

18 Mold-Tek Packaging Ltd. Plastic injection moulding items 98.14 118.47 77.77 94.17 79.49% 24.52 29.41 3.20 10.06 17.16 14.48% 43.34 47.93 20.04 25.96 27.38 18.71 22.39 14.69 34.84 27.12 133.50

19 National Plastic Inds. Ltd. Plastic injection moulding items 40.19 50.25 29.02 38.98 77.57% 11.44 11.69 3.33 3.33 5.90 11.74% 84.27 77.20 36.65 37.00 22.35 15.03 21.69 14.41 58.91 54.06 136.40

20 Sudhakar Polymers Ltd. PVC pipes 57.55 64.88 51.42 54.71 84.32% 13.86 15.34 3.57 3.70 8.74 13.47% 34.61 32.55 17.41 19.68 18.94 23.32 5.63 2.67 34.56 31.36 136.80

21 Union Quality Plastics Ltd. Sacks & bags of polyethylene 21.72 25.95 20.47 22.88 88.17% 1.91 1.80 12.71 0.53 0.51 1.97% 34.43 47.78 81.52 75.48 8.34 10.77 2.70 2.41 70.83 42.61 137.00

22 T P L Plastech Ltd. Reservoirs, tanks, etc. 68.05 73.09 56.94 57.17 78.22% 14.46 14.89 3.84 7.05 10.30 14.09% 63.44 66.44 67.74 57.71 34.19 27.93 10.32 8.64 15.68 14.50 138.10

23 Espiem Plasticss Ltd. Plastic Products 44.17 45.53 36.45 37.95 83.35% 14.59 14.35 2.64 4.94 4.49 9.86% 35.02 46.23 55.94 40.09 13.80 13.35 11.54 12.36 22.66 21.92 140.70

24 Chrome International Co. Ltd. Sacks & bags of polyethylene 11.43 16.66 10.83 16.12 96.76% 1.81 1.88 8.57 0.56 1.01 6.06% 19.26 11.05 9.94 9.23 23.99 14.18 13.36 13.49 16.48 17.63 141.40

25 International Conveyors Ltd. PVC belt conveyor 70.46 87.92 43.95 49.86 56.71% 16.91 14.89 3.35 12.41 27.21 30.95% 90.13 79.13 63.40 52.71 19.78 24.32 18.68 16.95 29.69 23.56 143.10

26 Packaging India Pvt. Ltd. Flexible packaging materials 149.97 215.33 137.21 187.11 86.89% 93.52 81.25 2.30 19.45 22.40 10.40% 59.68 51.22 70.09 66.47 33.59 25.29 6.20 5.34 6.31 5.44 143.70

27 Fenoplast Ltd. Other sheets, films & foils of plastics 110.16 144.09 92.25 121.69 84.45% 35.80 33.79 3.60 10.79 13.80 9.58% 108.64 108.25 69.78 87.08 29.74 26.75 6.04 5.07 25.44 19.75 147.50

28 Polynova Industries Ltd. Synthetic leather cloth 71.15 83.56 59.01 67.56 80.85% 7.18 7.19 9.40 5.41 10.42 12.47% 99.96 85.17 63.98 60.29 40.92 42.14 6.32 5.29 15.84 13.32 147.70

29 Balmer Lawrie-Van Leer Ltd. Reservoirs, tanks, etc. 120.07 153.9 104.26 126.09 81.93% 69.87 63.39 1.99 6.39 42.77 27.79% 55.40 48.84 118.75 63.53 33.79 22.49 9.70 9.14 22.25 20.33 148.30

30 T P I India Ltd. Sacks & bags 14.64 17.08 12.68 13.85 81.09% 8.21 8.34 1.66 72.37 3.26 19.09% 66.10 73.12 133.47 96.67 25.66 23.03 9.92 10.48 12.45 17.27 148.50

31 E P C Industrie Ltd. Tubes, pipes & hoses of poly vinyl chloride 59.82 72.39 50.04 55.97 77.32% 19.33 18.71 2.99 1.92 7.44 10.28% 100.20 113.13 79.52 62.61 33.24 31.60 1.71 4.12 29.92 24.43 148.80

32 Deco-Mica Ltd. Sheets, films, etc. of plastic, not reinforced 20.35 24.99 17.61 20.41 81.67% 2.01 2.55 8.00 1.16 2.19 8.76% 135.37 135.31 89.71 100.20 50.81 37.33 0.63 0.36 31.80 26.39 149.70

33 Biax Speciality Films Pvt. Ltd. Biaxially oriented polypropylene (BOPP) film 6.58 17.34 6.63 14.35 82.76% 32.63 32.01 0.45 4.98 2.58 14.88% 54.09 21.53 109.11 25.64 211.40 28.53 22.92 6.95 26.89 12.10 150.40

34 Indu Packaging (Daman) Ltd. Other sheets, films & foils of plastics 13.29 13.34 12.56 12.97 97.23% 0.98 1.06 12.24 0.61 0.66 4.95% 68.15 84.75 35.99 30.59 40.18 31.75 9.79 8.01 16.09 16.09 152.20

35 Peacock Industries Ltd. Plastic injection moulding items 15.05 17.62 13.41 16.54 93.87% 8.09 6.96 2.38 0.88 0.99 5.62% 80.31 71.63 838.21 716.70 18.19 19.72 1.68 2.98 13.35 21.13 152.20

36 Beardsell Ltd. Expandable polystyrene 52.14 54.81 19.99 20.72 37.80% 4.16 7.57 2.74 1.38 5.65 10.31% 79.35 78.36 98.34 99.70 26.04 26.52 17.74 19.33 16.36 14.04 156.20

37 Xpro India Ltd. Biaxially oriented polypropylene (BOPP) film 148.12 203.53 122.56 175.28 86.12% 89.91 93.26 1.88 18.34 23.27 11.43% 66.17 62.32 70.94 63.68 32.07 23.08 11.15 10.53 21.02 15.79 157.30

38 Pearl Polymers Ltd. Carboys, bottles & flasks 153.56 171.04 120.63 134.87 78.85% 75.13 76.25 1.77 17.50 17.68 10.34% 67.49 64.65 58.38 56.18 28.41 28.54 2.10 2.98 23.51 26.61 157.40

39 Vinyroyal Plasticoates Pvt. Ltd. Synthetic leather cloth 55.05 39.87 32.07 26.92 67.52% 2.59 2.61 10.31 2.56 1.98 4.97% 109.88 127.12 292.63 343.31 29.74 30.13 9.89 8.31 10.93 18.16 157.70

40 Ori-Plast Ltd. Tubes, pipes & hoses of poly vinyl chloride 81.38 96.94 68.82 82.57 85.18% 10.08 14.12 5.85 6.36 7.31 7.54% 10.23 10.33 53.22 48.63 43.03 26.21 3.72 3.94 18.31 21.31 160.50

41 Sah Polymers Ltd. Sacks & bags of polyethylene 21.21 24.73 17.81 21.28 86.05% 6.65 7.66 2.78 1.71 2.61 10.55% 34.96 29.51 10.15 10.39 17.86 16.54 33.55 28.00 35.34 28.48 161.90

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 117: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 115www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

74 Star Paper Mills Ltd. Paper 361.05 254.27 303.33 219.39 86.28% 140.50 130.54 1.68 51.05 21.46 8.44% 8.84 13.91 52.07 75.30 62.02 72.54 3.93 5.70 23.60 25.08 190.10

75 Novopan Industries Ltd. Particle boards 76.50 65.16 71.50 55.19 84.70% 68.05 64.57 0.85 -4.69 1.27 1.95% 60.44 60.62 103.42 147.24 156.82 204.23 1.26 1.37 5.33 7.98 191.10

76 Yash Papers Ltd. Kraft paper & paperboard 83.93 81.59 66.27 60.42 74.05% 107.74 103.15 0.59 14.70 16.70 20.47% 26.22 31.42 61.75 80.57 112.49 135.99 1.66 2.40 17.50 20.78 191.80

77 Supreme Paper Mills Ltd. Paper 33.09 31.55 32.85 29.39 93.15% 11.33 11.57 2.54 1.58 1.61 5.10% 18.29 23.26 70.56 96.43 55.76 69.59 2.09 2.42 35.03 41.94 192.90

78 Western India Plywoods Ltd. Plywood 86.31 83.67 58.43 56.21 67.18% 37.32 33.30 1.69 18.50 16.20 19.36% 47.17 51.04 61.68 51.79 106.14 99.48 58.74 54.04 211.00 194.69 192.90

79 Mangalam Timber Products Ltd. Boards of woods 71.04 67.52 49.96 46.10 68.28% 16.03 22.49 2.05 8.20 4.27 6.32% 75.71 67.25 107.10 112.27 92.06 124.98 3.62 4.56 132.18 155.84 198.10

80 Delta Paper Mills Ltd. Paper 155.37 143.11 131.27 125.59 87.76% 78.86 73.17 1.72 16.47 11.21 7.83% 33.60 42.98 92.51 105.81 113.58 98.14 5.19 9.93 8.29 14.11 198.50

81 Mohit Paper Mills Ltd. Paper 54.36 49.59 47.77 46.25 93.26% 23.00 22.78 2.03 5.73 4.19 8.45% 29.00 30.06 63.63 70.45 114.77 133.58 4.46 5.74 10.03 12.20 199.40

82 Cochin Kagaz Ltd. Kraft paper & paperboard 30.17 17.92 27.46 13.49 75.28% 18.81 18.27 0.74 3.52 3.05 17.02% 95.37 150.08 93.27 109.37 139.14 373.32 2.64 6.49 15.58 28.61 199.40

83 A P R Sacks Ltd. Sacks and bags of paper 60.03 66.63 51.64 55.12 82.73% 25.71 24.10 2.29 5.23 4.80 7.20% 63.43 63.39 429.35 355.01 213.30 240.63 7.59 7.59 10.85 11.79 201.30

84 Shree Bhawani Paper Mills Ltd. Writing, printing paper 124.78 133.44 110.84 113.46 85.03% 93.75 93.95 1.21 5.70 11.19 8.39% 29.92 35.57 78.78 82.72 63.96 100.92 3.85 5.69 13.19 21.66 202.30

85 Uniply Industries Ltd. Plywood 82.90 85.83 57.42 55.34 64.48% 38.44 14.64 3.78 -0.29 3.04 3.54% 96.05 72.82 159.30 84.60 125.30 164.38 54.68 54.48 66.14 58.53 213.60

86 Ecoboard Industries Ltd. Particle boards 63.40 48.16 44.39 39.55 82.12% 45.22 41.82 0.95 11.48 2.48 5.15% 73.99 81.90 83.21 75.07 95.32 111.23 43.88 63.05 164.84 162.56 218.50

87 Sai Rayalseema Paper Mills Ltd. Writing, printing paper 67.99 39.42 65.18 36.05 91.45% 668.66 639.58 0.06 13.60 11.50 29.17% 80.42 81.97 60.81 152.48 153.98 312.89 30.85 85.79 47.69 102.46 235.70

88 Well Pack Papers & Containers Ltd. Kraft paper & paperboard 20.95 18.26 19.24 19.42 106.35% 6.19 22.40 0.87 1.56 2.90 15.88% 41.66 59.23 96.15 141.03 113.46 163.12 35.88 90.36 40.86 124.04 241.10

P O L Y M E R S A N D P L A S T I C P R O D U C T S

1 Pragati Chemicals Ltd. Amino/phenolic resins & polyurethanes 17.16 18.4 14.56 14.97 81.36% 0.87 0.82 18.26 1.33 2.72 14.78% 70.35 74.13 30.02 21.41 11.76 10.80 1.29 1.65 22.20 21.38 63.80

2 Resins & Plastics Ltd. Amino/phenolic resins & polyurethanes 54.29 64.64 46.75 55.60 86.01% 4.76 4.77 11.66 3.41 6.37 9.85% 66.67 61.77 28.86 26.32 18.40 15.44 2.39 1.75 21.41 16.65 82.80

3 Integrated Thermoplastics Ltd. Tubes, pipes & hoses, flexible 62.17 92.21 57.56 86.32 93.61% 2.91 3.16 27.32 2.12 3.51 3.81% 47.73 43.31 17.14 44.27 6.20 4.83 0.66 1.70 10.41 9.22 89.80

4 Ganpati Plastfab Ltd. Sacks & bags of polyethylene 39.28 39.54 34.86 35.89 90.77% 5.47 7.46 4.81 2.90 2.36 5.97% 23.53 27.35 9.70 26.76 10.03 8.90 4.96 2.54 10.93 7.20 92.60

5 Polylink Polymers (India) Ltd. Linear low density polyethylene (LLDPE) 51.97 32.15 47.45 28.50 88.65% 13.66 12.14 2.35 -0.62 4.63 14.40% 45.58 46.19 22.71 33.53 25.57 22.49 0.27 0.44 8.50 10.68 100.40

6 Tipco Industries Ltd. Amino/phenolic resins & polyurethanes 37.92 47.05 35.69 42.17 89.63% 11.16 10.85 3.89 19.02 1.75 3.72% 96.90 85.25 106.70 95.30 16.56 12.19 5.04 3.17 8.89 5.92 102.20

7 Shivalik Agro Poly Products Ltd. Biaxially oriented polypropylene (BOPP) film 72.42 70.14 58.21 57.17 81.51% 9.27 18.18 3.14 8.37 8.31 11.85% 56.83 62.97 29.41 42.69 28.38 26.75 0.80 0.61 9.12 11.55 105.40

8 Mewar Polytex Ltd. Sacks & bags of polyethylene 22.87 25.61 17.70 20.74 80.98% 5.64 6.21 3.34 1.74 3.85 15.03% 34.91 21.69 3.91 5.27 43.21 18.80 4.19 4.33 17.88 18.05 105.80

9 Gujarat Polybutenes Pvt. Ltd. Polyisobutylene 58.81 35.74 55.20 31.97 89.45% 1.31 1.24 25.78 2.18 1.48 4.14% 21.49 49.45 22.17 31.53 6.75 17.11 1.40 2.54 10.79 18.02 107.50

10 Pearl Engineering Polymers Ltd. Polyethylene terephthalate (PET) 163.89 140.21 147.71 134.62 96.01% 31.36 27.87 4.83 3.73 1.05 0.75% 16.22 30.78 9.37 17.31 11.64 11.96 3.39 4.65 10.85 12.57 112.40

11 Hitech Plast Ltd. Reservoirs, tanks, etc. 134.88 159.33 105.49 122.22 76.71% 23.07 32.39 3.77 20.56 28.30 17.76% 36.29 36.57 21.16 24.50 19.88 21.88 10.84 11.30 15.59 15.22 116.30

12 Pankaj Polymers Ltd. Sacks & bags of polyethylene 28.30 25.04 24.50 22.48 89.78% 6.63 6.68 3.37 1.92 1.68 6.71% 60.85 80.18 4.28 6.42 29.70 24.12 15.85 4.42 24.10 17.17 123.60

13 Sunrise Containers Ltd. Carboys, bottles & flasks 127.92 144.46 98.39 110.82 76.71% 42.90 50.19 2.21 18.58 28.17 19.50% 38.59 38.51 29.05 28.14 18.34 20.16 2.40 3.59 28.89 31.99 125.00

14 Ashok Polymers Ltd. Sacks & bags of polyethylene 68.10 82.06 61.92 75.89 92.48% 12.54 14.70 5.16 4.51 6.48 7.90% 35.93 41.11 22.99 44.95 18.59 20.90 5.08 6.93 5.38 7.19 126.20

15 Tirupati Structurals Ltd. Tubes, pipes & hoses of poly vinyl chloride 149.20 141.32 132.94 119.07 84.26% 18.04 20.35 5.85 13.79 19.17 13.56% 53.66 77.84 32.91 72.05 12.44 22.77 1.25 1.14 27.66 39.67 127.50

16 Mahindra Composites Ltd. Other articles of plastics, nec 42.81 46 34.59 37.42 81.35% 7.60 7.73 4.84 5.86 5.95 12.93% 97.89 98.16 55.15 46.03 23.77 27.83 8.34 11.70 12.05 15.24 130.80

17 Ecoplast Ltd. Other sheets, films & foils of plastics 31.86 48.46 26.96 42.03 86.73% 11.72 10.51 4.00 1.89 4.17 8.61% 62.17 52.01 34.70 41.76 54.93 29.53 2.23 2.85 10.74 8.32 131.80

18 Mold-Tek Packaging Ltd. Plastic injection moulding items 98.14 118.47 77.77 94.17 79.49% 24.52 29.41 3.20 10.06 17.16 14.48% 43.34 47.93 20.04 25.96 27.38 18.71 22.39 14.69 34.84 27.12 133.50

19 National Plastic Inds. Ltd. Plastic injection moulding items 40.19 50.25 29.02 38.98 77.57% 11.44 11.69 3.33 3.33 5.90 11.74% 84.27 77.20 36.65 37.00 22.35 15.03 21.69 14.41 58.91 54.06 136.40

20 Sudhakar Polymers Ltd. PVC pipes 57.55 64.88 51.42 54.71 84.32% 13.86 15.34 3.57 3.70 8.74 13.47% 34.61 32.55 17.41 19.68 18.94 23.32 5.63 2.67 34.56 31.36 136.80

21 Union Quality Plastics Ltd. Sacks & bags of polyethylene 21.72 25.95 20.47 22.88 88.17% 1.91 1.80 12.71 0.53 0.51 1.97% 34.43 47.78 81.52 75.48 8.34 10.77 2.70 2.41 70.83 42.61 137.00

22 T P L Plastech Ltd. Reservoirs, tanks, etc. 68.05 73.09 56.94 57.17 78.22% 14.46 14.89 3.84 7.05 10.30 14.09% 63.44 66.44 67.74 57.71 34.19 27.93 10.32 8.64 15.68 14.50 138.10

23 Espiem Plasticss Ltd. Plastic Products 44.17 45.53 36.45 37.95 83.35% 14.59 14.35 2.64 4.94 4.49 9.86% 35.02 46.23 55.94 40.09 13.80 13.35 11.54 12.36 22.66 21.92 140.70

24 Chrome International Co. Ltd. Sacks & bags of polyethylene 11.43 16.66 10.83 16.12 96.76% 1.81 1.88 8.57 0.56 1.01 6.06% 19.26 11.05 9.94 9.23 23.99 14.18 13.36 13.49 16.48 17.63 141.40

25 International Conveyors Ltd. PVC belt conveyor 70.46 87.92 43.95 49.86 56.71% 16.91 14.89 3.35 12.41 27.21 30.95% 90.13 79.13 63.40 52.71 19.78 24.32 18.68 16.95 29.69 23.56 143.10

26 Packaging India Pvt. Ltd. Flexible packaging materials 149.97 215.33 137.21 187.11 86.89% 93.52 81.25 2.30 19.45 22.40 10.40% 59.68 51.22 70.09 66.47 33.59 25.29 6.20 5.34 6.31 5.44 143.70

27 Fenoplast Ltd. Other sheets, films & foils of plastics 110.16 144.09 92.25 121.69 84.45% 35.80 33.79 3.60 10.79 13.80 9.58% 108.64 108.25 69.78 87.08 29.74 26.75 6.04 5.07 25.44 19.75 147.50

28 Polynova Industries Ltd. Synthetic leather cloth 71.15 83.56 59.01 67.56 80.85% 7.18 7.19 9.40 5.41 10.42 12.47% 99.96 85.17 63.98 60.29 40.92 42.14 6.32 5.29 15.84 13.32 147.70

29 Balmer Lawrie-Van Leer Ltd. Reservoirs, tanks, etc. 120.07 153.9 104.26 126.09 81.93% 69.87 63.39 1.99 6.39 42.77 27.79% 55.40 48.84 118.75 63.53 33.79 22.49 9.70 9.14 22.25 20.33 148.30

30 T P I India Ltd. Sacks & bags 14.64 17.08 12.68 13.85 81.09% 8.21 8.34 1.66 72.37 3.26 19.09% 66.10 73.12 133.47 96.67 25.66 23.03 9.92 10.48 12.45 17.27 148.50

31 E P C Industrie Ltd. Tubes, pipes & hoses of poly vinyl chloride 59.82 72.39 50.04 55.97 77.32% 19.33 18.71 2.99 1.92 7.44 10.28% 100.20 113.13 79.52 62.61 33.24 31.60 1.71 4.12 29.92 24.43 148.80

32 Deco-Mica Ltd. Sheets, films, etc. of plastic, not reinforced 20.35 24.99 17.61 20.41 81.67% 2.01 2.55 8.00 1.16 2.19 8.76% 135.37 135.31 89.71 100.20 50.81 37.33 0.63 0.36 31.80 26.39 149.70

33 Biax Speciality Films Pvt. Ltd. Biaxially oriented polypropylene (BOPP) film 6.58 17.34 6.63 14.35 82.76% 32.63 32.01 0.45 4.98 2.58 14.88% 54.09 21.53 109.11 25.64 211.40 28.53 22.92 6.95 26.89 12.10 150.40

34 Indu Packaging (Daman) Ltd. Other sheets, films & foils of plastics 13.29 13.34 12.56 12.97 97.23% 0.98 1.06 12.24 0.61 0.66 4.95% 68.15 84.75 35.99 30.59 40.18 31.75 9.79 8.01 16.09 16.09 152.20

35 Peacock Industries Ltd. Plastic injection moulding items 15.05 17.62 13.41 16.54 93.87% 8.09 6.96 2.38 0.88 0.99 5.62% 80.31 71.63 838.21 716.70 18.19 19.72 1.68 2.98 13.35 21.13 152.20

36 Beardsell Ltd. Expandable polystyrene 52.14 54.81 19.99 20.72 37.80% 4.16 7.57 2.74 1.38 5.65 10.31% 79.35 78.36 98.34 99.70 26.04 26.52 17.74 19.33 16.36 14.04 156.20

37 Xpro India Ltd. Biaxially oriented polypropylene (BOPP) film 148.12 203.53 122.56 175.28 86.12% 89.91 93.26 1.88 18.34 23.27 11.43% 66.17 62.32 70.94 63.68 32.07 23.08 11.15 10.53 21.02 15.79 157.30

38 Pearl Polymers Ltd. Carboys, bottles & flasks 153.56 171.04 120.63 134.87 78.85% 75.13 76.25 1.77 17.50 17.68 10.34% 67.49 64.65 58.38 56.18 28.41 28.54 2.10 2.98 23.51 26.61 157.40

39 Vinyroyal Plasticoates Pvt. Ltd. Synthetic leather cloth 55.05 39.87 32.07 26.92 67.52% 2.59 2.61 10.31 2.56 1.98 4.97% 109.88 127.12 292.63 343.31 29.74 30.13 9.89 8.31 10.93 18.16 157.70

40 Ori-Plast Ltd. Tubes, pipes & hoses of poly vinyl chloride 81.38 96.94 68.82 82.57 85.18% 10.08 14.12 5.85 6.36 7.31 7.54% 10.23 10.33 53.22 48.63 43.03 26.21 3.72 3.94 18.31 21.31 160.50

41 Sah Polymers Ltd. Sacks & bags of polyethylene 21.21 24.73 17.81 21.28 86.05% 6.65 7.66 2.78 1.71 2.61 10.55% 34.96 29.51 10.15 10.39 17.86 16.54 33.55 28.00 35.34 28.48 161.90

POLYMER

S AN

D PLASTIC

PRO

DU

CTS

small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

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PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com116 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

42 Marvel Vinyls Ltd. Sheets of vinyl chloride 67.86 74.64 56.77 64.38 86.25% 12.00 12.72 5.06 3.08 3.77 5.05% 61.38 61.94 44.51 42.12 20.03 22.61 17.27 8.49 50.98 42.87 163.30

43 Bright Brothers Ltd. Plastic injection moulding items 88.65 98.91 80.07 88.59 89.57% 13.57 22.68 3.91 4.52 7.72 7.81% 11.55 17.47 35.20 58.94 20.24 24.24 3.20 3.31 16.99 20.57 164.40

44 Shaily Engineering Plastics Ltd. Plastic Products 63.53 94.8 52.75 78.34 82.64% 44.80 45.96 1.70 3.98 12.55 13.24% 80.12 75.59 69.36 74.75 41.47 34.63 9.02 7.93 19.50 12.69 164.80

45 Neo Corp Intl. Ltd. Sacks & bags of polyethylene 128.30 176.87 113.99 146.72 82.95% 25.15 29.59 4.96 15.20 21.72 12.28% 127.03 97.87 142.22 134.34 13.08 20.03 16.48 16.55 77.44 55.22 165.40

46 Vinyoflex Ltd. Other sheets, films & foils of plastics 19.63 17.74 17.06 16.59 93.52% 3.20 3.18 5.22 1.08 1.11 6.26% 110.39 101.79 37.15 47.31 41.17 48.93 7.50 5.99 20.83 11.19 166.50

47 Stylam Industries Ltd. Sheets, films, etc. of plastic, not reinforced 53.57 64.27 43.65 52.97 82.42% 12.96 12.34 4.29 4.86 6.79 10.56% 32.74 31.13 23.57 40.97 67.69 61.01 0.89 0.81 13.45 12.77 166.70

48 Caprihans India Ltd. Sheets, films, etc. of plastic, not reinforced 158.08 166.47 129.18 136.65 82.09% 30.06 26.52 5.15 9.21 13.76 8.27% 93.02 97.49 65.89 56.60 39.14 36.48 5.35 4.55 39.67 31.57 168.00

49 Shakun Polymers Ltd. Polymers of ethylene 100.44 82.94 83.80 67.60 81.50% 16.78 18.57 3.64 7.32 11.50 13.87% 29.90 37.44 12.13 13.15 34.35 61.17 5.24 5.20 14.28 12.49 168.60

50 Shri Jagdamba Polymers Ltd. Sacks & bags of polyethylene 20.46 32.05 16.38 24.70 77.07% 13.66 14.99 1.65 3.14 4.37 13.63% 46.22 56.19 90.42 35.99 21.29 28.46 14.57 15.28 20.75 22.12 169.00

51 Glory Polyfilms Ltd. Plastic film 79.60 114.14 67.18 91.51 80.17% 90.75 86.46 1.06 10.21 18.02 15.79% 118.38 82.01 93.88 138.59 38.58 19.83 31.09 26.41 37.76 33.85 172.00

52 Emmbi Polyarns Ltd. Sacks & bags 39.77 51.71 33.01 38.63 74.71% 14.19 15.19 2.54 4.89 5.76 11.14% 57.33 64.67 18.97 28.22 12.53 21.88 58.19 58.88 69.63 67.32 172.00

53 Shankar Packagings Ltd. Sacks & bags of polyethylene 124.61 113.5 96.46 93.49 82.37% 35.93 42.28 2.21 15.52 12.44 10.96% 27.50 27.97 22.82 26.24 26.79 26.09 7.88 8.02 30.87 37.13 173.70

54 Tirupati Inks Ltd. Polyester film 48.90 70.88 44.81 66.86 94.33% 3.13 3.33 20.08 3.14 6.86 9.68% 26.58 61.22 34.20 43.15 42.33 52.77 1.14 2.15 7.28 20.30 174.30

55 Clear Mipak Packaging Solutions Ltd. Plastic Products 51.45 83.51 39.79 71.12 85.16% 26.60 43.53 1.63 11.11 10.14 12.14% 55.80 76.54 30.95 54.66 40.62 40.84 4.77 5.14 12.07 18.41 176.30

56 Uma Polymers Ltd. Plastic packaging goods 90.57 81.09 79.39 71.19 87.79% 14.19 14.20 5.01 6.96 7.16 8.83% 47.03 52.34 28.20 23.76 39.80 41.13 11.27 11.47 15.55 15.79 176.50

57 Rungta Irrigation Ltd. Tubes, pipes & hoses of poly vinyl chloride 34.93 37.55 29.77 30.52 81.28% 4.86 5.06 6.03 2.46 2.65 7.06% 140.90 145.09 64.67 81.30 41.67 39.58 1.57 2.75 66.24 64.96 176.90

58 Merino Panel Products Ltd. Sheets, films, etc. of plastic, not reinforced 131.84 148.43 103.22 102.28 68.91% 26.40 28.94 3.53 14.61 28.32 19.08% 57.67 57.07 29.32 51.09 92.55 92.97 3.12 3.29 16.49 15.62 178.00

59 Virgo Polymers (India) Ltd. Sacks & bags of polyethylene 58.42 65.06 52.41 60.56 93.08% 9.10 7.93 7.64 2.14 2.74 4.21% 36.36 31.24 59.10 61.52 10.53 14.17 12.80 11.92 30.37 54.10 178.90

60 Polyspin Ltd. Sacks & bags of polyethylene 26.93 22.71 21.57 18.38 80.93% 2.01 2.37 7.76 1.55 1.53 6.74% 47.49 50.93 14.02 23.96 29.63 35.39 7.60 10.27 38.02 39.62 181.20

61 Polyspin Exports Ltd. HDPE woven sacks 38.29 35.08 30.69 28.49 81.21% 6.38 6.69 4.26 2.85 3.24 9.24% 29.89 38.43 22.91 28.89 33.44 30.38 22.37 16.84 26.31 21.45 182.00

62 Orient Press Ltd. Flexible packaging materials 163.87 67.73 132.70 56.47 83.38% 31.50 32.19 1.75 27.26 8.67 12.80% 66.02 153.62 104.58 162.30 37.14 90.27 0.45 1.97 1.74 7.33 183.00

63 Eftec Shroff (I) Ltd. Poly vinyl chloride 44.12 53.95 29.21 32.96 61.09% 5.79 24.61 1.34 7.97 12.87 23.86% 63.35 68.79 55.40 71.13 49.58 45.53 6.73 8.46 18.91 20.02 183.00

64 Hydro S & S Inds. Ltd. Other articles of plastics, nec 119.03 110.1 105.93 95.04 86.32% 31.89 31.00 3.07 3.92 6.77 6.15% 60.19 66.07 28.12 48.43 48.36 43.98 4.74 3.99 18.79 20.12 185.40

65 B A S F Polyurethanes India Ltd. [Merged] Polyurethanes 204.65 250.96 107.97 135.63 54.04% 12.06 10.67 12.71 -11.68 6.09 2.43% 66.40 69.56 40.82 85.71 37.19 63.11 2.95 1.25 25.41 24.29 186.70

66 Tulsi Extrusions Ltd. PVC pipes 78.60 99.51 55.41 74.43 74.80% 12.62 33.70 2.21 6.52 16.64 16.72% 152.66 147.63 48.23 45.86 55.42 62.31 16.40 2.89 59.73 89.35 188.60

67 Uniproducts (India) Ltd. Floor coverings of plastics 120.81 157.06 91.80 119.97 76.38% 104.57 99.94 1.20 14.46 20.51 13.06% 53.78 45.89 70.22 60.08 52.78 37.35 8.77 6.70 30.55 25.56 190.90

68 Lamtuf Plastics Ltd. Plastic Products 37.45 35.15 30.45 28.24 80.34% 6.47 7.09 3.98 4.70 4.25 12.09% 38.26 45.90 20.67 36.70 34.75 42.85 6.94 7.29 29.75 35.76 191.70

69 Weener Empire Plastics Ltd. Carboys, bottles & flasks 48.82 63 35.72 48.47 76.94% 24.26 35.14 1.38 9.09 13.73 21.79% 63.21 59.39 25.47 29.41 34.54 38.47 36.49 31.38 34.78 28.32 195.50

70 R T Packaging Ltd. Flexible packaging materials 16.73 16.73 17.75 17.75 106.10% 19.93 19.93 0.89 1.41 1.41 8.43% 70.58 70.58 115.19 115.19 32.25 32.25 10.40 10.40 12.51 12.51 196.70

71 Umax Packaging Ltd. Plastic packaging goods 7.62 37.55 5.99 32.13 85.57% 26.88 30.51 1.05 0.99 5.66 15.07% 60.11 48.56 140.17 48.36 86.97 46.84 6.99 9.30 11.48 16.96 198.10

72 Synthetic Moulders Ltd. Plastic Products 41.71 40.46 29.39 29.32 72.47% 4.85 6.10 4.81 9.53 13.13 32.45% 85.00 103.36 26.12 38.92 55.52 61.43 20.44 46.77 20.94 47.92 201.00

73 Kisan Mouldings Ltd. Tubes, pipes & hoses of poly vinyl chloride 145.89 195.33 123.29 144.37 73.91% 40.75 67.65 2.13 16.69 20.42 10.45% 95.25 87.48 77.51 68.91 20.20 28.84 23.78 23.83 82.06 79.80 202.20

74 Hindustan Adhesives Ltd. Cellulose adhesive tapes 38.96 42.45 29.51 32.56 76.70% 12.43 11.39 2.86 6.97 6.25 14.72% 59.72 61.39 38.65 54.79 39.79 46.39 14.31 14.02 28.83 30.83 202.40

75 Alfa Ica (India) Ltd. Sheets, films, etc. of plastic, not reinforced 45.08 35.04 38.85 31.05 88.61% 9.00 9.86 3.15 3.04 2.29 6.54% 41.11 35.97 18.94 34.21 120.52 145.61 0.48 0.73 12.38 12.57 203.70

76 Tokyo Plast International Ltd. Other articles of plastics 26.38 40.91 21.04 27.06 66.15% 12.33 12.62 2.14 3.40 6.04 14.76% 158.63 116.61 92.48 107.93 43.53 32.18 75.51 50.00 117.48 70.85 208.40

77 Texplast Industries Ltd. Sacks & bags 29.94 28.89 24.61 23.64 81.83% 4.97 6.57 3.60 5.06 3.34 11.56% 42.96 43.92 44.76 64.84 20.92 22.87 47.36 65.96 55.82 77.47 208.60

78 Premier Polyfilm Ltd. Other sheets, films & foils of plastics 74.74 50.73 61.09 43.13 85.02% 12.44 11.75 3.67 40.07 4.33 8.54% 30.40 43.75 44.68 72.96 20.92 35.61 6.23 7.72 21.84 34.46 209.20

79 Gujarat Craft Inds. Ltd. Sacks & bags of polyethylene 25.29 26.38 24.14 24.03 91.09% 6.33 6.64 3.62 2.00 1.95 7.39% 49.14 47.42 34.65 47.97 23.03 20.01 66.52 75.57 89.30 103.49 210.10

80 Jhaveri Flexo India Ltd. Other sheets, films & foils of plastics 168.81 183.67 152.19 167.68 91.29% 81.92 79.49 2.11 10.46 14.56 7.93% 52.61 47.30 50.33 57.57 54.03 62.46 3.18 4.83 8.64 12.99 211.10

81 3D Technopack Ltd. Tubes, pipes & hoses of polyethylene 19.36 30.91 18.15 26.75 86.54% 21.59 28.37 0.94 -0.72 2.13 6.89% 91.64 83.83 50.50 55.35 63.22 48.42 17.90 15.70 20.09 16.25 211.40

82 National Plastic Technologies Ltd. Plastic injection moulding items 47.85 49.7 38.26 41.10 82.70% 22.69 22.66 1.81 7.31 7.90 15.90% 82.93 87.78 131.04 121.24 38.79 31.77 30.01 31.36 51.77 49.47 211.60

83 Oriental Containers Ltd. Other plastic packaging goods 165.49 215.13 125.55 171.09 79.53% 108.96 131.95 1.30 16.79 33.95 15.78% 72.84 60.95 101.43 106.47 53.67 49.79 10.31 7.90 33.26 27.19 214.10

84 Timespac India Ltd. Other plastic packaging goods 16.77 18.23 15.00 17.52 96.11% 6.60 6.83 2.57 1.84 1.77 9.71% 75.59 82.09 91.98 63.65 41.35 21.96 145.92 136.32 159.39 166.21 214.40

85 A P T Packaging Ltd. Tubes, pipes & hoses of poly vinyl chloride 17.65 18.7 11.41 11.22 60.00% 18.03 30.53 0.37 13.00 1.05 5.61% 62.67 52.58 69.80 99.79 94.62 104.32 3.91 2.43 18.33 14.43 215.60

86 Sharp Industries Ltd. Flexible packaging materials 69.76 113.32 60.59 89.08 78.61% 14.77 33.75 2.64 10.83 22.20 19.59% 175.59 95.95 98.12 70.19 85.23 71.34 23.32 14.43 39.14 27.84 216.40

87 Safari Industries (India) Ltd. Moulded luggage 55.60 56.33 31.28 30.80 54.68% 2.95 2.52 12.22 3.34 5.16 9.16% 100.51 117.53 89.03 94.63 74.38 71.78 6.96 6.68 92.17 82.19 216.40

88 Smitabh Intercon Ltd. HDPE bags 36.77 17.45 6.86 6.80 38.97% 2.90 2.53 2.69 0.87 0.67 3.84% 80.09 155.14 81.35 131.55 83.93 121.79 19.84 4.45 16.67 20.78 216.80

89 Jumbo Bag Ltd. Sacks & bags 70.54 62.56 60.92 56.02 89.55% 23.78 24.36 2.30 6.71 5.26 8.41% 48.50 49.01 38.06 41.61 23.13 26.97 34.04 53.88 50.86 72.91 222.50

90 Funskool (India) Ltd. Other articles of plastics, nec 46.57 54.26 21.56 24.28 44.75% 4.75 6.11 3.97 5.44 7.01 12.92% 49.92 47.11 50.63 51.60 47.82 50.82 7.52 9.93 129.26 140.27 223.50

91 Narmada Extrusions Ltd. Sacks & bags 76.62 91.47 70.63 77.46 84.68% 15.58 17.90 4.33 5.47 5.68 6.21% 59.50 59.63 21.09 26.59 48.63 38.84 59.49 57.46 64.72 57.13 223.70

92 Paradise Plastics Enterprise Ltd. Plastic Products 49.94 49.66 43.48 42.25 85.08% 19.43 18.98 2.23 4.31 4.24 8.54% 36.20 42.25 56.46 55.47 44.99 48.90 15.71 16.65 16.10 17.49 224.20

93 Jalpac India Ltd. Other sheets, films & foils of plastics 12.63 16.31 13.78 16.49 101.10% 23.70 21.15 0.78 -4.43 0.39 2.39% 62.82 45.89 275.44 256.09 61.59 41.06 9.70 4.35 16.36 18.77 228.90

94 Gujarat Raffia Inds. Ltd. Plastic packaging goods 26.38 27.77 22.58 26.92 96.94% 5.37 4.66 5.78 2.15 2.11 7.60% 16.11 16.04 47.78 44.30 16.30 33.32 18.04 22.01 34.27 49.61 229.80

95 Acrysil Ltd.Tableware, kitchenware, other household articles

50.05 46.65 24.64 24.19 51.85% 15.21 17.62 1.37 12.46 11.03 23.64% 81.71 86.74 45.53 84.56 78.06 103.50 8.75 9.50 37.91 57.06 233.30

96 Bajaj Steel Inds. Ltd. Plastic Products 229.00 210.76 179.59 163.74 77.69% 30.55 31.72 5.16 32.13 25.99 12.33% 25.52 27.16 49.04 72.07 44.17 56.22 19.39 29.02 27.09 34.87 240.70

97 Rushil Decor Ltd. Sheets, films, etc. of plastic, not reinforced 92.49 98.01 77.87 78.04 79.62% 19.73 41.10 1.90 10.76 12.92 13.18% 97.78 109.84 119.05 119.61 64.40 59.95 20.08 18.88 87.30 90.45 245.40

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 117www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

42 Marvel Vinyls Ltd. Sheets of vinyl chloride 67.86 74.64 56.77 64.38 86.25% 12.00 12.72 5.06 3.08 3.77 5.05% 61.38 61.94 44.51 42.12 20.03 22.61 17.27 8.49 50.98 42.87 163.30

43 Bright Brothers Ltd. Plastic injection moulding items 88.65 98.91 80.07 88.59 89.57% 13.57 22.68 3.91 4.52 7.72 7.81% 11.55 17.47 35.20 58.94 20.24 24.24 3.20 3.31 16.99 20.57 164.40

44 Shaily Engineering Plastics Ltd. Plastic Products 63.53 94.8 52.75 78.34 82.64% 44.80 45.96 1.70 3.98 12.55 13.24% 80.12 75.59 69.36 74.75 41.47 34.63 9.02 7.93 19.50 12.69 164.80

45 Neo Corp Intl. Ltd. Sacks & bags of polyethylene 128.30 176.87 113.99 146.72 82.95% 25.15 29.59 4.96 15.20 21.72 12.28% 127.03 97.87 142.22 134.34 13.08 20.03 16.48 16.55 77.44 55.22 165.40

46 Vinyoflex Ltd. Other sheets, films & foils of plastics 19.63 17.74 17.06 16.59 93.52% 3.20 3.18 5.22 1.08 1.11 6.26% 110.39 101.79 37.15 47.31 41.17 48.93 7.50 5.99 20.83 11.19 166.50

47 Stylam Industries Ltd. Sheets, films, etc. of plastic, not reinforced 53.57 64.27 43.65 52.97 82.42% 12.96 12.34 4.29 4.86 6.79 10.56% 32.74 31.13 23.57 40.97 67.69 61.01 0.89 0.81 13.45 12.77 166.70

48 Caprihans India Ltd. Sheets, films, etc. of plastic, not reinforced 158.08 166.47 129.18 136.65 82.09% 30.06 26.52 5.15 9.21 13.76 8.27% 93.02 97.49 65.89 56.60 39.14 36.48 5.35 4.55 39.67 31.57 168.00

49 Shakun Polymers Ltd. Polymers of ethylene 100.44 82.94 83.80 67.60 81.50% 16.78 18.57 3.64 7.32 11.50 13.87% 29.90 37.44 12.13 13.15 34.35 61.17 5.24 5.20 14.28 12.49 168.60

50 Shri Jagdamba Polymers Ltd. Sacks & bags of polyethylene 20.46 32.05 16.38 24.70 77.07% 13.66 14.99 1.65 3.14 4.37 13.63% 46.22 56.19 90.42 35.99 21.29 28.46 14.57 15.28 20.75 22.12 169.00

51 Glory Polyfilms Ltd. Plastic film 79.60 114.14 67.18 91.51 80.17% 90.75 86.46 1.06 10.21 18.02 15.79% 118.38 82.01 93.88 138.59 38.58 19.83 31.09 26.41 37.76 33.85 172.00

52 Emmbi Polyarns Ltd. Sacks & bags 39.77 51.71 33.01 38.63 74.71% 14.19 15.19 2.54 4.89 5.76 11.14% 57.33 64.67 18.97 28.22 12.53 21.88 58.19 58.88 69.63 67.32 172.00

53 Shankar Packagings Ltd. Sacks & bags of polyethylene 124.61 113.5 96.46 93.49 82.37% 35.93 42.28 2.21 15.52 12.44 10.96% 27.50 27.97 22.82 26.24 26.79 26.09 7.88 8.02 30.87 37.13 173.70

54 Tirupati Inks Ltd. Polyester film 48.90 70.88 44.81 66.86 94.33% 3.13 3.33 20.08 3.14 6.86 9.68% 26.58 61.22 34.20 43.15 42.33 52.77 1.14 2.15 7.28 20.30 174.30

55 Clear Mipak Packaging Solutions Ltd. Plastic Products 51.45 83.51 39.79 71.12 85.16% 26.60 43.53 1.63 11.11 10.14 12.14% 55.80 76.54 30.95 54.66 40.62 40.84 4.77 5.14 12.07 18.41 176.30

56 Uma Polymers Ltd. Plastic packaging goods 90.57 81.09 79.39 71.19 87.79% 14.19 14.20 5.01 6.96 7.16 8.83% 47.03 52.34 28.20 23.76 39.80 41.13 11.27 11.47 15.55 15.79 176.50

57 Rungta Irrigation Ltd. Tubes, pipes & hoses of poly vinyl chloride 34.93 37.55 29.77 30.52 81.28% 4.86 5.06 6.03 2.46 2.65 7.06% 140.90 145.09 64.67 81.30 41.67 39.58 1.57 2.75 66.24 64.96 176.90

58 Merino Panel Products Ltd. Sheets, films, etc. of plastic, not reinforced 131.84 148.43 103.22 102.28 68.91% 26.40 28.94 3.53 14.61 28.32 19.08% 57.67 57.07 29.32 51.09 92.55 92.97 3.12 3.29 16.49 15.62 178.00

59 Virgo Polymers (India) Ltd. Sacks & bags of polyethylene 58.42 65.06 52.41 60.56 93.08% 9.10 7.93 7.64 2.14 2.74 4.21% 36.36 31.24 59.10 61.52 10.53 14.17 12.80 11.92 30.37 54.10 178.90

60 Polyspin Ltd. Sacks & bags of polyethylene 26.93 22.71 21.57 18.38 80.93% 2.01 2.37 7.76 1.55 1.53 6.74% 47.49 50.93 14.02 23.96 29.63 35.39 7.60 10.27 38.02 39.62 181.20

61 Polyspin Exports Ltd. HDPE woven sacks 38.29 35.08 30.69 28.49 81.21% 6.38 6.69 4.26 2.85 3.24 9.24% 29.89 38.43 22.91 28.89 33.44 30.38 22.37 16.84 26.31 21.45 182.00

62 Orient Press Ltd. Flexible packaging materials 163.87 67.73 132.70 56.47 83.38% 31.50 32.19 1.75 27.26 8.67 12.80% 66.02 153.62 104.58 162.30 37.14 90.27 0.45 1.97 1.74 7.33 183.00

63 Eftec Shroff (I) Ltd. Poly vinyl chloride 44.12 53.95 29.21 32.96 61.09% 5.79 24.61 1.34 7.97 12.87 23.86% 63.35 68.79 55.40 71.13 49.58 45.53 6.73 8.46 18.91 20.02 183.00

64 Hydro S & S Inds. Ltd. Other articles of plastics, nec 119.03 110.1 105.93 95.04 86.32% 31.89 31.00 3.07 3.92 6.77 6.15% 60.19 66.07 28.12 48.43 48.36 43.98 4.74 3.99 18.79 20.12 185.40

65 B A S F Polyurethanes India Ltd. [Merged] Polyurethanes 204.65 250.96 107.97 135.63 54.04% 12.06 10.67 12.71 -11.68 6.09 2.43% 66.40 69.56 40.82 85.71 37.19 63.11 2.95 1.25 25.41 24.29 186.70

66 Tulsi Extrusions Ltd. PVC pipes 78.60 99.51 55.41 74.43 74.80% 12.62 33.70 2.21 6.52 16.64 16.72% 152.66 147.63 48.23 45.86 55.42 62.31 16.40 2.89 59.73 89.35 188.60

67 Uniproducts (India) Ltd. Floor coverings of plastics 120.81 157.06 91.80 119.97 76.38% 104.57 99.94 1.20 14.46 20.51 13.06% 53.78 45.89 70.22 60.08 52.78 37.35 8.77 6.70 30.55 25.56 190.90

68 Lamtuf Plastics Ltd. Plastic Products 37.45 35.15 30.45 28.24 80.34% 6.47 7.09 3.98 4.70 4.25 12.09% 38.26 45.90 20.67 36.70 34.75 42.85 6.94 7.29 29.75 35.76 191.70

69 Weener Empire Plastics Ltd. Carboys, bottles & flasks 48.82 63 35.72 48.47 76.94% 24.26 35.14 1.38 9.09 13.73 21.79% 63.21 59.39 25.47 29.41 34.54 38.47 36.49 31.38 34.78 28.32 195.50

70 R T Packaging Ltd. Flexible packaging materials 16.73 16.73 17.75 17.75 106.10% 19.93 19.93 0.89 1.41 1.41 8.43% 70.58 70.58 115.19 115.19 32.25 32.25 10.40 10.40 12.51 12.51 196.70

71 Umax Packaging Ltd. Plastic packaging goods 7.62 37.55 5.99 32.13 85.57% 26.88 30.51 1.05 0.99 5.66 15.07% 60.11 48.56 140.17 48.36 86.97 46.84 6.99 9.30 11.48 16.96 198.10

72 Synthetic Moulders Ltd. Plastic Products 41.71 40.46 29.39 29.32 72.47% 4.85 6.10 4.81 9.53 13.13 32.45% 85.00 103.36 26.12 38.92 55.52 61.43 20.44 46.77 20.94 47.92 201.00

73 Kisan Mouldings Ltd. Tubes, pipes & hoses of poly vinyl chloride 145.89 195.33 123.29 144.37 73.91% 40.75 67.65 2.13 16.69 20.42 10.45% 95.25 87.48 77.51 68.91 20.20 28.84 23.78 23.83 82.06 79.80 202.20

74 Hindustan Adhesives Ltd. Cellulose adhesive tapes 38.96 42.45 29.51 32.56 76.70% 12.43 11.39 2.86 6.97 6.25 14.72% 59.72 61.39 38.65 54.79 39.79 46.39 14.31 14.02 28.83 30.83 202.40

75 Alfa Ica (India) Ltd. Sheets, films, etc. of plastic, not reinforced 45.08 35.04 38.85 31.05 88.61% 9.00 9.86 3.15 3.04 2.29 6.54% 41.11 35.97 18.94 34.21 120.52 145.61 0.48 0.73 12.38 12.57 203.70

76 Tokyo Plast International Ltd. Other articles of plastics 26.38 40.91 21.04 27.06 66.15% 12.33 12.62 2.14 3.40 6.04 14.76% 158.63 116.61 92.48 107.93 43.53 32.18 75.51 50.00 117.48 70.85 208.40

77 Texplast Industries Ltd. Sacks & bags 29.94 28.89 24.61 23.64 81.83% 4.97 6.57 3.60 5.06 3.34 11.56% 42.96 43.92 44.76 64.84 20.92 22.87 47.36 65.96 55.82 77.47 208.60

78 Premier Polyfilm Ltd. Other sheets, films & foils of plastics 74.74 50.73 61.09 43.13 85.02% 12.44 11.75 3.67 40.07 4.33 8.54% 30.40 43.75 44.68 72.96 20.92 35.61 6.23 7.72 21.84 34.46 209.20

79 Gujarat Craft Inds. Ltd. Sacks & bags of polyethylene 25.29 26.38 24.14 24.03 91.09% 6.33 6.64 3.62 2.00 1.95 7.39% 49.14 47.42 34.65 47.97 23.03 20.01 66.52 75.57 89.30 103.49 210.10

80 Jhaveri Flexo India Ltd. Other sheets, films & foils of plastics 168.81 183.67 152.19 167.68 91.29% 81.92 79.49 2.11 10.46 14.56 7.93% 52.61 47.30 50.33 57.57 54.03 62.46 3.18 4.83 8.64 12.99 211.10

81 3D Technopack Ltd. Tubes, pipes & hoses of polyethylene 19.36 30.91 18.15 26.75 86.54% 21.59 28.37 0.94 -0.72 2.13 6.89% 91.64 83.83 50.50 55.35 63.22 48.42 17.90 15.70 20.09 16.25 211.40

82 National Plastic Technologies Ltd. Plastic injection moulding items 47.85 49.7 38.26 41.10 82.70% 22.69 22.66 1.81 7.31 7.90 15.90% 82.93 87.78 131.04 121.24 38.79 31.77 30.01 31.36 51.77 49.47 211.60

83 Oriental Containers Ltd. Other plastic packaging goods 165.49 215.13 125.55 171.09 79.53% 108.96 131.95 1.30 16.79 33.95 15.78% 72.84 60.95 101.43 106.47 53.67 49.79 10.31 7.90 33.26 27.19 214.10

84 Timespac India Ltd. Other plastic packaging goods 16.77 18.23 15.00 17.52 96.11% 6.60 6.83 2.57 1.84 1.77 9.71% 75.59 82.09 91.98 63.65 41.35 21.96 145.92 136.32 159.39 166.21 214.40

85 A P T Packaging Ltd. Tubes, pipes & hoses of poly vinyl chloride 17.65 18.7 11.41 11.22 60.00% 18.03 30.53 0.37 13.00 1.05 5.61% 62.67 52.58 69.80 99.79 94.62 104.32 3.91 2.43 18.33 14.43 215.60

86 Sharp Industries Ltd. Flexible packaging materials 69.76 113.32 60.59 89.08 78.61% 14.77 33.75 2.64 10.83 22.20 19.59% 175.59 95.95 98.12 70.19 85.23 71.34 23.32 14.43 39.14 27.84 216.40

87 Safari Industries (India) Ltd. Moulded luggage 55.60 56.33 31.28 30.80 54.68% 2.95 2.52 12.22 3.34 5.16 9.16% 100.51 117.53 89.03 94.63 74.38 71.78 6.96 6.68 92.17 82.19 216.40

88 Smitabh Intercon Ltd. HDPE bags 36.77 17.45 6.86 6.80 38.97% 2.90 2.53 2.69 0.87 0.67 3.84% 80.09 155.14 81.35 131.55 83.93 121.79 19.84 4.45 16.67 20.78 216.80

89 Jumbo Bag Ltd. Sacks & bags 70.54 62.56 60.92 56.02 89.55% 23.78 24.36 2.30 6.71 5.26 8.41% 48.50 49.01 38.06 41.61 23.13 26.97 34.04 53.88 50.86 72.91 222.50

90 Funskool (India) Ltd. Other articles of plastics, nec 46.57 54.26 21.56 24.28 44.75% 4.75 6.11 3.97 5.44 7.01 12.92% 49.92 47.11 50.63 51.60 47.82 50.82 7.52 9.93 129.26 140.27 223.50

91 Narmada Extrusions Ltd. Sacks & bags 76.62 91.47 70.63 77.46 84.68% 15.58 17.90 4.33 5.47 5.68 6.21% 59.50 59.63 21.09 26.59 48.63 38.84 59.49 57.46 64.72 57.13 223.70

92 Paradise Plastics Enterprise Ltd. Plastic Products 49.94 49.66 43.48 42.25 85.08% 19.43 18.98 2.23 4.31 4.24 8.54% 36.20 42.25 56.46 55.47 44.99 48.90 15.71 16.65 16.10 17.49 224.20

93 Jalpac India Ltd. Other sheets, films & foils of plastics 12.63 16.31 13.78 16.49 101.10% 23.70 21.15 0.78 -4.43 0.39 2.39% 62.82 45.89 275.44 256.09 61.59 41.06 9.70 4.35 16.36 18.77 228.90

94 Gujarat Raffia Inds. Ltd. Plastic packaging goods 26.38 27.77 22.58 26.92 96.94% 5.37 4.66 5.78 2.15 2.11 7.60% 16.11 16.04 47.78 44.30 16.30 33.32 18.04 22.01 34.27 49.61 229.80

95 Acrysil Ltd.Tableware, kitchenware, other household articles

50.05 46.65 24.64 24.19 51.85% 15.21 17.62 1.37 12.46 11.03 23.64% 81.71 86.74 45.53 84.56 78.06 103.50 8.75 9.50 37.91 57.06 233.30

96 Bajaj Steel Inds. Ltd. Plastic Products 229.00 210.76 179.59 163.74 77.69% 30.55 31.72 5.16 32.13 25.99 12.33% 25.52 27.16 49.04 72.07 44.17 56.22 19.39 29.02 27.09 34.87 240.70

97 Rushil Decor Ltd. Sheets, films, etc. of plastic, not reinforced 92.49 98.01 77.87 78.04 79.62% 19.73 41.10 1.90 10.76 12.92 13.18% 97.78 109.84 119.05 119.61 64.40 59.95 20.08 18.88 87.30 90.45 245.40

POLYMER

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D PLASTIC

PRO

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small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 120: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com118 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

98 M B Industries Ltd. Other articles of plastics 14.53 61.4 17.26 46.57 75.85% 39.13 36.09 1.29 4.94 14.72 23.97% 64.48 41.52 321.29 45.80 77.86 58.22 33.22 17.27 194.18 97.10 245.90

99 Reliance Cellulose Products Ltd. Cellulose & its chemical derivatives 33.56 57.05 24.86 41.88 73.41% 22.93 26.87 1.56 8.25 10.90 19.11% 49.46 44.52 52.76 35.15 74.91 65.81 49.85 41.89 108.77 57.97 245.90

100 Deccan Polypacks Ltd. Plastic packaging goods 28.37 26.7 25.38 25.02 93.71% 2.65 2.51 9.97 1.98 1.70 6.37% 77.37 83.33 68.47 81.32 39.79 41.98 58.25 68.64 61.98 71.19 246.00

101 Arvind International Ltd. Plastic Products 24.90 22.04 23.62 19.29 87.52% 6.36 5.82 3.31 1.86 2.42 10.98% 88.87 96.91 76.87 135.53 44.91 72.23 15.26 20.43 22.19 28.76 251.50

102 Karur K C P Packkagings Ltd. Sacks & bags of polyethylene 212.02 213.59 152.59 166.19 77.81% 130.04 126.60 1.31 49.22 49.37 23.11% 117.77 137.31 106.66 27.48 216.57 206.13 73.83 72.72 81.85 84.17 253.20

103 Sundek India Ltd. Sheets, films, etc. of plastic, not reinforced 37.20 36.22 31.76 31.39 86.66% 4.49 6.82 4.60 1.77 3.17 8.75% 44.99 66.36 125.54 157.64 104.74 114.94 3.90 4.29 73.07 66.94 254.40

104 Polyplex Corporation Ltd. Polyester film 233.23 243.64 176.59 205.34 84.28% 114.05 579.66 0.35 42.26 95.49 39.19% 29.32 26.23 64.88 88.68 46.90 63.89 9.92 13.15 16.50 27.92 254.60

105 Fancy Fittings Ltd. Plastic Products 45.04 50.59 33.89 41.64 82.31% 20.88 22.73 1.83 6.93 8.09 15.99% 61.45 67.17 85.57 129.34 61.09 63.06 23.21 24.76 53.51 64.29 258.30

106 H G S (India) Ltd. Plastic Products 35.90 27.69 21.68 18.68 67.46% 30.02 29.66 0.63 11.55 7.91 28.57% 30.86 45.20 30.54 51.47 260.58 270.26 34.86 32.37 55.42 56.66 270.40

107 Morgan Industries Ltd. Other sheets, films & foils of plastics 59.83 37.27 56.18 30.61 82.13% 7.79 6.58 4.65 3.72 1.60 4.29% 90.90 195.86 70.09 127.36 46.16 87.38 26.45 49.33 51.35 92.95 273.40

108 Bloom Dekor Ltd. Sheets, films, etc. of plastic, not reinforced 33.85 40.86 27.31 35.87 87.79% 14.77 15.56 2.31 3.40 4.30 10.52% 64.15 56.76 89.76 103.74 125.39 106.87 13.16 10.57 79.66 81.67 281.10

109 Biopac India Corpn. Ltd.Tableware, kitchenware, other household articles

30.72 40.61 19.33 23.09 56.86% 23.42 23.85 0.97 6.56 6.32 15.56% 14.93 11.50 117.81 63.34 74.34 75.23 128.69 51.16 221.16 83.90 282.60

110 Rishi Techtex Ltd. Sacks & bags 19.61 21.15 15.59 17.65 83.45% 12.19 11.97 1.47 2.65 2.65 12.53% 82.61 80.06 128.98 121.19 79.31 68.70 123.16 113.16 129.66 117.98 285.60

111 Hindustan Fluorocarbons Ltd. Polytetrafluoroethylene 13.94 17.71 16.92 17.43 98.42% 3.05 4.11 4.24 3.20 6.56 37.04% 73.07 76.43 118.00 157.81 74.32 77.80 187.18 422.43 238.60 530.42 287.90

112 Dujodwala Paper Chemicals Ltd. Amino/phenolic resins & polyurethanes 105.54 129.6 37.68 33.90 26.16% 17.70 23.51 1.44 5.84 6.62 5.11% 80.08 81.38 105.82 89.95 97.98 158.13 121.02 114.14 121.47 91.57 294.90

113 Venlon Enterprises Ltd. Polyester film 81.38 45.21 69.52 38.61 85.40% 99.37 96.76 0.40 1.18 4.09 9.05% 9.96 14.80 25.74 59.74 35.18 94.51 32.48 50.91 58.93 79.85 307.60

R E A L E S T A T E

1 Niraj Cement Structurals Ltd. Construction & allied activities 139.75 184.6 119.15 171.68 93.00% 18.24 20.16 8.52 20.23 23.04 12.48% 295.18 237.71 145.03 84.09 0.61 22.50 1.90 0.33 2.06 0.34 8.20

2 Tapi Prestressed Products Ltd. Construction of other industrial plants 80.26 112.04 52.44 89.74 80.10% 6.11 4.45 20.17 19.68 18.75 16.74% 226.30 195.03 258.15 166.38 24.72 6.44 1.79 0.80 3.69 5.36 8.60

3 Stewarts & Lloyds Of India Ltd. Construction of other industrial plants 93.54 59.38 80.81 49.92 84.07% 4.77 5.00 9.98 6.56 1.94 3.27% 232.19 372.10 326.50 341.09 19.07 51.88 0.83 0.95 2.65 1.89 11.40

4 Projects & Development India Ltd. Construction of other industrial plants 62.25 76.06 37.90 42.61 56.02% 16.03 19.88 2.14 21.24 23.63 31.07% 87.54 84.10 178.31 118.63 346.95 852.77 2.05 2.56 20.78 16.44 15.60

5 A T V Projects India Ltd. Construction of other industrial plants 11.96 25.99 10.59 20.39 78.45% 229.98 228.55 0.09 3.77 6.28 24.16% 877.27 402.61 1094.71 462.42 249.43 79.18 48.70 33.85 49.44 34.28 15.70

6 Avasarala Technologies Ltd. Construction of industrial plants 115.45 139.09 72.08 96.01 69.03% 101.30 133.96 0.72 26.02 37.10 26.67% 166.35 160.56 234.02 178.83 165.74 107.33 3.67 30.24 9.44 34.86 16.20

7 Alpine Housing Devp. Corpn. Ltd. Construction of buildings (Residential) 31.27 17.22 21.37 13.37 77.64% 12.40 11.39 1.17 9.56 5.51 32.00% 416.18 797.26 315.06 450.15 128.51 128.67 23.42 44.22 63.16 151.82 17.40

R E T A I L T R A D I N G

1 Arvind Kumar Nand Kumar Ltd. Trade in agricultural crops 30.84 12.17 14.71 11.49 94.41% 1.34 1.84 6.24 0.94 1.10 9.04% 13.18 41.06 3.57 8.18 16.50 26.98 0.75 0.32 8.41 27.81 46.10

2 Arjay Apparel Industries Ltd. Trade in textiles 18.97 49.63 14.66 42.75 86.14% 0.44 0.64 66.80 0.41 0.61 1.23% 33.32 15.09 38.89 18.39 52.63 16.51 3.15 1.58 13.01 9.28 48.20

3 T & I Global Ltd. Trade in non-electrical machinery 29.17 35.39 13.21 17.62 49.79% 13.37 13.60 1.30 1.87 1.98 5.59% 31.80 27.70 63.84 111.33 21.08 7.26 3.20 2.11 13.48 16.10 59.60

4 Lucas Indian Service Ltd. Trade in transport equipment 186.00 225.1 26.64 32.50 14.44% 19.84 23.69 1.37 12.44 17.79 7.90% 43.92 33.39 64.29 69.55 21.37 15.32 3.29 2.86 64.60 58.83 62.60

5 Vijay Textiles Ltd. Trade in textiles 117.54 121.03 84.07 81.87 67.64% 65.90 87.41 0.94 24.46 29.32 24.23% 87.00 105.97 38.66 32.63 19.08 24.34 2.85 3.25 233.43 243.32 63.00

6 A D C India Communications Ltd. Trade in electrical machinery 100.24 74.45 43.47 28.90 38.82% 10.17 7.96 3.63 10.38 4.96 6.66% 102.43 96.72 87.56 52.31 47.62 59.04 2.36 4.33 42.91 28.63 64.30

7 Tuni Textile Mills Ltd. Trade in textiles 11.54 15.96 2.67 5.81 36.40% 0.96 2.58 2.25 0.39 0.74 4.64% 99.95 103.60 101.68 106.34 10.91 14.10 4.84 5.72 15.31 53.13 65.90

8 Parry Engineering & Exports Ltd. Trade in electrical machinery 57.47 103.77 25.46 51.32 49.46% 45.54 42.82 1.20 38.16 7.69 7.41% 76.61 49.36 134.75 55.80 28.32 28.08 6.57 8.60 36.37 25.95 66.40

9 Gini Silk Mills Ltd. Trade in textiles 31.80 34.09 23.94 24.31 71.31% 4.03 4.46 5.45 3.96 6.92 20.30% 34.96 29.15 53.88 61.60 40.13 42.37 6.73 5.70 44.82 38.89 66.50

10 Pilani Industrial Corpn. Ltd. Trade in manufactured products 9.67 10.83 0.90 1.11 10.25% 0.03 0.03 37.00 -0.20 0.02 0.18% 2.08 1.52 27.02 42.90 22.81 18.25 42.00 60.77 11.36 13.88 67.10

11 Multivista Global Ltd. Trade in manufactured products 68.70 71.57 30.06 28.11 39.28% 52.02 49.05 0.57 5.98 9.55 13.34% 81.77 84.17 124.89 98.98 68.02 53.97 4.01 3.48 24.93 26.62 68.70

12 Wep Peripherals Ltd. Trade in manufactured products 155.44 158.1 70.68 89.14 56.38% 21.20 25.34 3.52 5.67 11.25 7.12% 47.78 43.49 71.17 79.71 69.44 35.98 6.24 4.52 40.93 37.19 68.70

13 Vidarbha Winding Wires Ltd. Trade in other manufactured goods 21.88 32.14 10.18 10.37 32.27% 1.90 2.29 4.53 1.43 1.91 5.94% 88.99 87.34 9.04 47.54 10.96 51.79 22.72 19.20 34.09 31.59 68.90

14 Patton International Ltd. Trade in manufactured products 153.43 160.14 96.40 93.02 58.09% 52.65 53.53 1.74 25.73 24.41 15.24% 85.45 80.57 18.41 22.23 61.06 52.93 21.63 20.01 28.02 28.30 69.40

15 Aspinwall & Co. Ltd. Wholesale Trade 196.64 173.03 34.29 37.70 21.79% 37.92 42.77 0.88 17.69 20.13 11.63% 37.19 40.96 36.69 46.43 41.43 47.82 1.44 3.01 50.12 77.01 71.40

16 Sri Ramadas Motor Transport Ltd. Trade in transport equipment 302.30 298.08 69.74 75.33 25.27% 30.30 32.77 2.30 21.28 21.23 7.12% 21.31 20.42 15.40 24.31 59.98 59.83 6.86 4.54 27.33 27.97 71.50

17 G-Tech Stones Ltd. Trading in food products 164.70 135.83 161.13 132.92 97.86% 3.41 2.91 45.68 1.10 4.35 3.20% 30.32 38.41 118.86 107.57 36.41 43.23 6.72 8.78 6.97 8.91 73.30

18 Jupiter International Ltd. Trade in electrical machinery 188.60 188.73 38.78 36.34 19.26% 30.40 29.77 1.22 10.75 15.84 8.39% 25.16 27.60 49.25 63.53 45.66 56.62 0.19 0.25 59.49 51.56 73.50

19 Bafna Pharmaceuticals Ltd. Trade in drugs & medicines 46.02 74.52 15.48 28.67 38.47% 33.71 32.14 0.89 6.23 8.12 10.90% 134.00 107.46 128.06 56.48 84.13 81.95 32.08 17.65 21.40 9.74 76.60

20 J I K Industries Ltd. Trade in other manufactured goods 0.54 20.43 0.98 0.75 3.67% 5.67 5.31 0.14 29.63 3.61 17.67% 13.27 101.03 224.26 9.01 3650.00 1381.79 2.11 2.96 36.31 8.62 77.00

21 Chloride Power Systems & Solutions Ltd. Trade in electrical machinery 31.43 37.2 13.88 12.71 34.17% 5.49 5.41 2.35 0.94 1.89 5.08% 106.56 81.57 88.57 110.61 61.76 49.26 28.03 32.27 15.65 12.95 77.90

22 Puneet Resins Ltd. Trade in other manufactured goods 24.40 24.76 7.00 7.75 31.30% 2.20 2.11 3.67 2.97 3.69 14.90% 27.21 38.51 37.07 83.93 75.82 69.85 0.26 0.47 52.03 60.78 78.90

23 Hariyana Ship Breakers Ltd. Trade in other manufactured goods 164.40 128.37 71.58 118.62 92.40% 30.19 30.46 3.89 12.38 13.68 10.66% 35.24 19.02 66.74 175.46 53.40 59.37 0.93 0.46 47.44 28.85 80.60

24 Sri Gopal Automotive Ltd. Trade in transport equipment 47.91 49.56 3.46 3.61 7.28% 2.46 2.78 1.30 1.65 1.76 3.55% 23.91 27.65 22.33 24.80 39.23 68.66 15.98 8.45 38.31 38.46 82.10

25Associated Industries Consumer Products Pvt. Ltd.

Trade in other manufactured goods 16.32 32.81 9.59 11.12 33.89% 8.85 8.59 1.29 0.64 1.87 5.70% 1.46 1.49 170.72 92.58 75.30 73.85 1.01 1.46 14.17 17.05 82.60

26Karam Chand Thapar & Bros. (Coal Sales) Ltd.

Trade in minerals & energy sources 202.85 140.99 99.66 67.36 47.78% 19.75 35.66 1.89 123.57 117.55 83.37% 222.61 269.85 277.15 421.24 165.14 207.94 3.07 4.29 2.99 6.48 83.50

27 Harita-N T I Ltd. Trade in other manufactured goods 27.16 20.18 14.35 14.50 71.85% 3.65 3.45 4.20 -1.34 1.81 8.97% 138.73 244.84 110.45 143.81 72.08 89.59 40.70 5.20 59.24 36.20 84.60

28 Black Rose Inds. Ltd. Trade in chemicals 40.86 52.15 4.81 2.75 5.27% 1.84 10.54 0.26 1.00 5.31 10.18% 52.24 54.63 101.61 123.86 14.90 7.48 40.62 49.01 88.06 71.29 86.50

29 Guljag Industries Ltd. Trade in chemicals 157.21 150.61 41.31 17.78 11.81% 35.79 37.47 0.47 6.69 8.69 5.77% 54.96 58.41 45.35 51.46 45.19 100.77 8.12 18.69 13.04 12.81 88.50

30 Omni Auto Ltd. Trade in transport equipment 45.61 45.19 40.33 41.02 90.77% 25.13 24.84 1.65 6.10 7.25 16.04% 23.21 26.72 62.10 49.53 74.13 53.64 9.10 28.17 18.02 39.86 88.50

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 121: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 119www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

98 M B Industries Ltd. Other articles of plastics 14.53 61.4 17.26 46.57 75.85% 39.13 36.09 1.29 4.94 14.72 23.97% 64.48 41.52 321.29 45.80 77.86 58.22 33.22 17.27 194.18 97.10 245.90

99 Reliance Cellulose Products Ltd. Cellulose & its chemical derivatives 33.56 57.05 24.86 41.88 73.41% 22.93 26.87 1.56 8.25 10.90 19.11% 49.46 44.52 52.76 35.15 74.91 65.81 49.85 41.89 108.77 57.97 245.90

100 Deccan Polypacks Ltd. Plastic packaging goods 28.37 26.7 25.38 25.02 93.71% 2.65 2.51 9.97 1.98 1.70 6.37% 77.37 83.33 68.47 81.32 39.79 41.98 58.25 68.64 61.98 71.19 246.00

101 Arvind International Ltd. Plastic Products 24.90 22.04 23.62 19.29 87.52% 6.36 5.82 3.31 1.86 2.42 10.98% 88.87 96.91 76.87 135.53 44.91 72.23 15.26 20.43 22.19 28.76 251.50

102 Karur K C P Packkagings Ltd. Sacks & bags of polyethylene 212.02 213.59 152.59 166.19 77.81% 130.04 126.60 1.31 49.22 49.37 23.11% 117.77 137.31 106.66 27.48 216.57 206.13 73.83 72.72 81.85 84.17 253.20

103 Sundek India Ltd. Sheets, films, etc. of plastic, not reinforced 37.20 36.22 31.76 31.39 86.66% 4.49 6.82 4.60 1.77 3.17 8.75% 44.99 66.36 125.54 157.64 104.74 114.94 3.90 4.29 73.07 66.94 254.40

104 Polyplex Corporation Ltd. Polyester film 233.23 243.64 176.59 205.34 84.28% 114.05 579.66 0.35 42.26 95.49 39.19% 29.32 26.23 64.88 88.68 46.90 63.89 9.92 13.15 16.50 27.92 254.60

105 Fancy Fittings Ltd. Plastic Products 45.04 50.59 33.89 41.64 82.31% 20.88 22.73 1.83 6.93 8.09 15.99% 61.45 67.17 85.57 129.34 61.09 63.06 23.21 24.76 53.51 64.29 258.30

106 H G S (India) Ltd. Plastic Products 35.90 27.69 21.68 18.68 67.46% 30.02 29.66 0.63 11.55 7.91 28.57% 30.86 45.20 30.54 51.47 260.58 270.26 34.86 32.37 55.42 56.66 270.40

107 Morgan Industries Ltd. Other sheets, films & foils of plastics 59.83 37.27 56.18 30.61 82.13% 7.79 6.58 4.65 3.72 1.60 4.29% 90.90 195.86 70.09 127.36 46.16 87.38 26.45 49.33 51.35 92.95 273.40

108 Bloom Dekor Ltd. Sheets, films, etc. of plastic, not reinforced 33.85 40.86 27.31 35.87 87.79% 14.77 15.56 2.31 3.40 4.30 10.52% 64.15 56.76 89.76 103.74 125.39 106.87 13.16 10.57 79.66 81.67 281.10

109 Biopac India Corpn. Ltd.Tableware, kitchenware, other household articles

30.72 40.61 19.33 23.09 56.86% 23.42 23.85 0.97 6.56 6.32 15.56% 14.93 11.50 117.81 63.34 74.34 75.23 128.69 51.16 221.16 83.90 282.60

110 Rishi Techtex Ltd. Sacks & bags 19.61 21.15 15.59 17.65 83.45% 12.19 11.97 1.47 2.65 2.65 12.53% 82.61 80.06 128.98 121.19 79.31 68.70 123.16 113.16 129.66 117.98 285.60

111 Hindustan Fluorocarbons Ltd. Polytetrafluoroethylene 13.94 17.71 16.92 17.43 98.42% 3.05 4.11 4.24 3.20 6.56 37.04% 73.07 76.43 118.00 157.81 74.32 77.80 187.18 422.43 238.60 530.42 287.90

112 Dujodwala Paper Chemicals Ltd. Amino/phenolic resins & polyurethanes 105.54 129.6 37.68 33.90 26.16% 17.70 23.51 1.44 5.84 6.62 5.11% 80.08 81.38 105.82 89.95 97.98 158.13 121.02 114.14 121.47 91.57 294.90

113 Venlon Enterprises Ltd. Polyester film 81.38 45.21 69.52 38.61 85.40% 99.37 96.76 0.40 1.18 4.09 9.05% 9.96 14.80 25.74 59.74 35.18 94.51 32.48 50.91 58.93 79.85 307.60

R E A L E S T A T E

1 Niraj Cement Structurals Ltd. Construction & allied activities 139.75 184.6 119.15 171.68 93.00% 18.24 20.16 8.52 20.23 23.04 12.48% 295.18 237.71 145.03 84.09 0.61 22.50 1.90 0.33 2.06 0.34 8.20

2 Tapi Prestressed Products Ltd. Construction of other industrial plants 80.26 112.04 52.44 89.74 80.10% 6.11 4.45 20.17 19.68 18.75 16.74% 226.30 195.03 258.15 166.38 24.72 6.44 1.79 0.80 3.69 5.36 8.60

3 Stewarts & Lloyds Of India Ltd. Construction of other industrial plants 93.54 59.38 80.81 49.92 84.07% 4.77 5.00 9.98 6.56 1.94 3.27% 232.19 372.10 326.50 341.09 19.07 51.88 0.83 0.95 2.65 1.89 11.40

4 Projects & Development India Ltd. Construction of other industrial plants 62.25 76.06 37.90 42.61 56.02% 16.03 19.88 2.14 21.24 23.63 31.07% 87.54 84.10 178.31 118.63 346.95 852.77 2.05 2.56 20.78 16.44 15.60

5 A T V Projects India Ltd. Construction of other industrial plants 11.96 25.99 10.59 20.39 78.45% 229.98 228.55 0.09 3.77 6.28 24.16% 877.27 402.61 1094.71 462.42 249.43 79.18 48.70 33.85 49.44 34.28 15.70

6 Avasarala Technologies Ltd. Construction of industrial plants 115.45 139.09 72.08 96.01 69.03% 101.30 133.96 0.72 26.02 37.10 26.67% 166.35 160.56 234.02 178.83 165.74 107.33 3.67 30.24 9.44 34.86 16.20

7 Alpine Housing Devp. Corpn. Ltd. Construction of buildings (Residential) 31.27 17.22 21.37 13.37 77.64% 12.40 11.39 1.17 9.56 5.51 32.00% 416.18 797.26 315.06 450.15 128.51 128.67 23.42 44.22 63.16 151.82 17.40

R E T A I L T R A D I N G

1 Arvind Kumar Nand Kumar Ltd. Trade in agricultural crops 30.84 12.17 14.71 11.49 94.41% 1.34 1.84 6.24 0.94 1.10 9.04% 13.18 41.06 3.57 8.18 16.50 26.98 0.75 0.32 8.41 27.81 46.10

2 Arjay Apparel Industries Ltd. Trade in textiles 18.97 49.63 14.66 42.75 86.14% 0.44 0.64 66.80 0.41 0.61 1.23% 33.32 15.09 38.89 18.39 52.63 16.51 3.15 1.58 13.01 9.28 48.20

3 T & I Global Ltd. Trade in non-electrical machinery 29.17 35.39 13.21 17.62 49.79% 13.37 13.60 1.30 1.87 1.98 5.59% 31.80 27.70 63.84 111.33 21.08 7.26 3.20 2.11 13.48 16.10 59.60

4 Lucas Indian Service Ltd. Trade in transport equipment 186.00 225.1 26.64 32.50 14.44% 19.84 23.69 1.37 12.44 17.79 7.90% 43.92 33.39 64.29 69.55 21.37 15.32 3.29 2.86 64.60 58.83 62.60

5 Vijay Textiles Ltd. Trade in textiles 117.54 121.03 84.07 81.87 67.64% 65.90 87.41 0.94 24.46 29.32 24.23% 87.00 105.97 38.66 32.63 19.08 24.34 2.85 3.25 233.43 243.32 63.00

6 A D C India Communications Ltd. Trade in electrical machinery 100.24 74.45 43.47 28.90 38.82% 10.17 7.96 3.63 10.38 4.96 6.66% 102.43 96.72 87.56 52.31 47.62 59.04 2.36 4.33 42.91 28.63 64.30

7 Tuni Textile Mills Ltd. Trade in textiles 11.54 15.96 2.67 5.81 36.40% 0.96 2.58 2.25 0.39 0.74 4.64% 99.95 103.60 101.68 106.34 10.91 14.10 4.84 5.72 15.31 53.13 65.90

8 Parry Engineering & Exports Ltd. Trade in electrical machinery 57.47 103.77 25.46 51.32 49.46% 45.54 42.82 1.20 38.16 7.69 7.41% 76.61 49.36 134.75 55.80 28.32 28.08 6.57 8.60 36.37 25.95 66.40

9 Gini Silk Mills Ltd. Trade in textiles 31.80 34.09 23.94 24.31 71.31% 4.03 4.46 5.45 3.96 6.92 20.30% 34.96 29.15 53.88 61.60 40.13 42.37 6.73 5.70 44.82 38.89 66.50

10 Pilani Industrial Corpn. Ltd. Trade in manufactured products 9.67 10.83 0.90 1.11 10.25% 0.03 0.03 37.00 -0.20 0.02 0.18% 2.08 1.52 27.02 42.90 22.81 18.25 42.00 60.77 11.36 13.88 67.10

11 Multivista Global Ltd. Trade in manufactured products 68.70 71.57 30.06 28.11 39.28% 52.02 49.05 0.57 5.98 9.55 13.34% 81.77 84.17 124.89 98.98 68.02 53.97 4.01 3.48 24.93 26.62 68.70

12 Wep Peripherals Ltd. Trade in manufactured products 155.44 158.1 70.68 89.14 56.38% 21.20 25.34 3.52 5.67 11.25 7.12% 47.78 43.49 71.17 79.71 69.44 35.98 6.24 4.52 40.93 37.19 68.70

13 Vidarbha Winding Wires Ltd. Trade in other manufactured goods 21.88 32.14 10.18 10.37 32.27% 1.90 2.29 4.53 1.43 1.91 5.94% 88.99 87.34 9.04 47.54 10.96 51.79 22.72 19.20 34.09 31.59 68.90

14 Patton International Ltd. Trade in manufactured products 153.43 160.14 96.40 93.02 58.09% 52.65 53.53 1.74 25.73 24.41 15.24% 85.45 80.57 18.41 22.23 61.06 52.93 21.63 20.01 28.02 28.30 69.40

15 Aspinwall & Co. Ltd. Wholesale Trade 196.64 173.03 34.29 37.70 21.79% 37.92 42.77 0.88 17.69 20.13 11.63% 37.19 40.96 36.69 46.43 41.43 47.82 1.44 3.01 50.12 77.01 71.40

16 Sri Ramadas Motor Transport Ltd. Trade in transport equipment 302.30 298.08 69.74 75.33 25.27% 30.30 32.77 2.30 21.28 21.23 7.12% 21.31 20.42 15.40 24.31 59.98 59.83 6.86 4.54 27.33 27.97 71.50

17 G-Tech Stones Ltd. Trading in food products 164.70 135.83 161.13 132.92 97.86% 3.41 2.91 45.68 1.10 4.35 3.20% 30.32 38.41 118.86 107.57 36.41 43.23 6.72 8.78 6.97 8.91 73.30

18 Jupiter International Ltd. Trade in electrical machinery 188.60 188.73 38.78 36.34 19.26% 30.40 29.77 1.22 10.75 15.84 8.39% 25.16 27.60 49.25 63.53 45.66 56.62 0.19 0.25 59.49 51.56 73.50

19 Bafna Pharmaceuticals Ltd. Trade in drugs & medicines 46.02 74.52 15.48 28.67 38.47% 33.71 32.14 0.89 6.23 8.12 10.90% 134.00 107.46 128.06 56.48 84.13 81.95 32.08 17.65 21.40 9.74 76.60

20 J I K Industries Ltd. Trade in other manufactured goods 0.54 20.43 0.98 0.75 3.67% 5.67 5.31 0.14 29.63 3.61 17.67% 13.27 101.03 224.26 9.01 3650.00 1381.79 2.11 2.96 36.31 8.62 77.00

21 Chloride Power Systems & Solutions Ltd. Trade in electrical machinery 31.43 37.2 13.88 12.71 34.17% 5.49 5.41 2.35 0.94 1.89 5.08% 106.56 81.57 88.57 110.61 61.76 49.26 28.03 32.27 15.65 12.95 77.90

22 Puneet Resins Ltd. Trade in other manufactured goods 24.40 24.76 7.00 7.75 31.30% 2.20 2.11 3.67 2.97 3.69 14.90% 27.21 38.51 37.07 83.93 75.82 69.85 0.26 0.47 52.03 60.78 78.90

23 Hariyana Ship Breakers Ltd. Trade in other manufactured goods 164.40 128.37 71.58 118.62 92.40% 30.19 30.46 3.89 12.38 13.68 10.66% 35.24 19.02 66.74 175.46 53.40 59.37 0.93 0.46 47.44 28.85 80.60

24 Sri Gopal Automotive Ltd. Trade in transport equipment 47.91 49.56 3.46 3.61 7.28% 2.46 2.78 1.30 1.65 1.76 3.55% 23.91 27.65 22.33 24.80 39.23 68.66 15.98 8.45 38.31 38.46 82.10

25Associated Industries Consumer Products Pvt. Ltd.

Trade in other manufactured goods 16.32 32.81 9.59 11.12 33.89% 8.85 8.59 1.29 0.64 1.87 5.70% 1.46 1.49 170.72 92.58 75.30 73.85 1.01 1.46 14.17 17.05 82.60

26Karam Chand Thapar & Bros. (Coal Sales) Ltd.

Trade in minerals & energy sources 202.85 140.99 99.66 67.36 47.78% 19.75 35.66 1.89 123.57 117.55 83.37% 222.61 269.85 277.15 421.24 165.14 207.94 3.07 4.29 2.99 6.48 83.50

27 Harita-N T I Ltd. Trade in other manufactured goods 27.16 20.18 14.35 14.50 71.85% 3.65 3.45 4.20 -1.34 1.81 8.97% 138.73 244.84 110.45 143.81 72.08 89.59 40.70 5.20 59.24 36.20 84.60

28 Black Rose Inds. Ltd. Trade in chemicals 40.86 52.15 4.81 2.75 5.27% 1.84 10.54 0.26 1.00 5.31 10.18% 52.24 54.63 101.61 123.86 14.90 7.48 40.62 49.01 88.06 71.29 86.50

29 Guljag Industries Ltd. Trade in chemicals 157.21 150.61 41.31 17.78 11.81% 35.79 37.47 0.47 6.69 8.69 5.77% 54.96 58.41 45.35 51.46 45.19 100.77 8.12 18.69 13.04 12.81 88.50

30 Omni Auto Ltd. Trade in transport equipment 45.61 45.19 40.33 41.02 90.77% 25.13 24.84 1.65 6.10 7.25 16.04% 23.21 26.72 62.10 49.53 74.13 53.64 9.10 28.17 18.02 39.86 88.50

RETAIL

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small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 122: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com120 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

31 Catvision Products Ltd. Trade in electrical machinery 25.59 23.96 7.87 8.84 36.89% 4.83 4.72 1.87 2.07 1.76 7.35% 49.92 56.82 50.56 55.46 81.64 92.98 6.34 5.98 31.61 39.41 88.90

32 Shirdi Industries Ltd. Trade in manufactured products 217.66 283.42 101.97 122.18 43.11% 176.39 176.37 0.69 50.39 70.39 24.84% 104.35 97.04 81.80 74.38 97.71 147.17 6.04 1.97 60.25 44.14 93.60

33 Sumatex Ltd. Trade in other manufactured goods 18.01 19.36 11.56 14.72 76.03% 11.56 21.58 0.68 2.34 2.67 13.79% 41.63 38.96 41.47 30.86 81.60 121.16 11.20 10.43 17.49 18.96 96.60

34 V L C C Personal Care Ltd. Trade in drugs & medicines 37.45 44.42 16.63 17.22 38.77% 4.19 17.69 0.97 5.09 9.89 22.26% 69.62 77.08 73.52 83.64 111.69 114.83 3.60 6.73 38.38 51.71 98.70

35 Kilburn Office Automation Ltd. Trade in other manufactured goods 35.85 39.87 5.54 6.03 15.12% 2.11 1.92 3.14 7.01 7.88 19.76% 239.60 238.37 328.77 323.12 256.58 360.60 1.90 0.30 296.21 306.16 99.40

36 Timbor Home Ltd. Trade in other manufactured goods 26.71 51.01 4.95 9.26 18.15% 6.56 9.88 0.94 3.25 5.44 10.66% 80.84 88.45 64.82 59.65 762.48 493.12 40.69 19.12 24.81 17.13 101.30

37 H P L India Ltd. Trade in manufactured products 15.37 19.89 27.32 33.47 168.28% 8.46 8.49 3.94 5.62 13.79 69.33% 78.62 92.22 373.08 100.08 146.31 115.88 23.71 18.25 119.58 47.51 101.50

38 Bang Overseas Ltd. Trade in textiles 137.82 128.94 79.99 58.74 45.56% 16.07 13.42 4.38 6.19 9.39 7.28% 98.34 112.55 49.78 64.01 85.04 129.16 4.47 7.02 66.64 80.10 102.20

39 Kimplas Piping Systems Ltd. Trade in manufactured products 36.68 37.28 16.10 17.36 46.57% 17.74 20.42 0.85 4.55 4.82 12.93% 80.03 85.26 64.89 80.28 54.38 66.44 24.16 30.03 73.05 95.34 102.40

40 Pantaloon Industries Ltd. Trade in textiles 97.87 111.42 1.91 0.95 0.85% 10.21 8.69 0.11 39.03 32.39 29.07% 131.58 121.93 364.60 811.96 3421.88 509.08 5.63 4.73 53.92 37.29 102.60

41 Chettinad Structural & Engg. Ltd. Trade in other manufactured goods 71.93 40.69 36.37 29.61 72.77% 0.41 0.35 84.60 2.45 3.69 9.07% 49.47 52.91 42.06 41.57 59.25 72.02 88.13 91.15 37.24 86.21 103.70

42 Arraycom (India) Ltd. Trade in electrical machinery 27.99 22.66 2.72 3.46 15.27% 8.46 14.93 0.23 3.37 2.70 11.92% 131.56 183.46 23.48 13.17 270.10 133.12 132.06 111.78 41.88 46.02 104.00

43 Transasia Bio-Medicals Ltd. Trade in drugs & medicines 214.03 254.1 68.10 81.73 32.16% 26.66 32.89 2.48 65.28 91.57 36.04% 121.08 127.94 139.57 120.77 158.49 135.13 19.07 16.80 76.39 69.44 104.60

44 Khadim India Ltd. Trade in other manufactured goods 197.61 235.16 40.48 38.36 16.31% 74.60 78.46 0.49 17.66 30.67 13.04% 34.88 32.70 81.21 73.32 46.53 78.68 14.53 14.88 111.49 104.24 105.30

45 Cotton County Retail Ltd. Trade in textiles 189.20 114.83 100.73 45.13 39.30% 7.71 6.17 7.31 -5.40 2.22 1.93% 216.68 359.04 88.52 108.14 56.17 71.60 33.53 35.18 185.50 314.01 105.80

46 Ashco Niulab Inds. Ltd. Trade in manufactured products 69.17 81.72 11.51 10.51 12.86% 33.79 28.05 0.37 9.28 10.22 12.51% 166.94 101.32 95.65 73.57 163.01 95.32 41.16 33.19 133.48 119.77 108.80

47 Control Print Ltd. Trade in other manufactured goods 37.97 46.01 8.90 21.94 47.69% 14.02 14.80 1.48 2.09 4.04 8.78% 85.59 87.07 65.12 68.07 238.37 111.65 7.82 9.28 134.65 153.87 108.90

48 G T N Engineering (India) Ltd. Trade in other manufactured goods 125.96 171.68 106.94 117.59 68.49% 34.07 43.10 2.73 31.73 44.91 26.16% 65.74 61.77 204.23 66.65 88.90 107.84 79.78 73.37 81.43 75.01 110.70

49 Birla Power Solutions Ltd. Trade in electrical machinery 226.77 238.48 87.94 69.36 29.08% 52.17 59.62 1.16 22.17 20.99 8.80% 189.91 192.32 87.01 122.48 76.10 127.09 22.44 35.38 48.20 46.63 111.40

50 Sharadha Terry Products Ltd. Trade in textiles 243.38 259.96 136.03 172.46 66.34% 246.60 235.19 0.73 85.21 83.26 32.03% 46.31 63.30 14.87 14.27 230.55 185.79 22.23 27.37 68.26 58.91 112.10

51 Maxwell Industries Ltd. Trade in textiles 191.15 209.89 130.82 147.77 70.40% 79.26 75.92 1.95 23.35 26.13 12.45% 118.46 97.46 66.45 69.94 132.88 128.66 49.22 52.22 101.68 109.64 119.60

52 S P S International Ltd. Trade in other manufactured goods 13.24 11.99 1.81 1.47 12.26% 2.69 3.52 0.42 1.01 1.06 8.84% 58.60 73.61 52.37 109.44 286.79 1642.50 30.73 26.94 40.41 47.55 127.40

53 Swasti Vinayaka Synthetics Ltd. Trade in textiles 16.56 19.93 2.86 4.05 20.32% 7.71 6.91 0.59 2.23 1.08 5.42% 34.58 42.30 83.00 116.04 952.42 459.19 12.95 9.29 176.08 112.96 133.80

S T E E L T U B E S & P I P E S

1 Nezone Tubes Ltd. Galvanised pipes 211.17 251.34 194.88 228.60 90.95% 10.07 9.35 24.45 9.35 14.91 5.93% 37.78 39.69 4.29 4.04 21.63 30.13 1.86 1.68 14.71 13.20 20.80

2 Asian Tubes Ltd. Tubes & pipes 209.24 271.84 190.58 250.26 92.06% 20.43 22.98 10.89 17.15 23.81 8.76% 77.79 67.54 75.28 83.06 30.33 17.87 8.02 11.24 16.32 19.03 21.50

3 Rajasthan Tube Mfg. Co. Ltd. Tubes & pipes 54.56 69.9 54.38 71.43 102.19% 3.00 3.49 20.47 0.76 2.49 3.56% 76.25 60.68 24.97 59.31 23.10 12.79 5.30 7.57 33.64 43.87 23.50

4 Interfit Techno Products Ltd. Tube & pipe fittings 8.04 33.37 4.70 26.86 80.49% 2.95 3.17 8.47 0.69 3.38 10.13% 48.40 14.37 104.80 20.13 100.89 15.13 250.90 39.49 176.17 39.41 26.60

5 Binjrajka Steel Tubes Ltd. Tubes & pipes 92.09 66 69.08 57.98 87.85% 2.69 2.99 19.39 0.91 1.09 1.65% 6.55 10.74 16.83 26.07 21.70 19.04 3.58 7.10 19.67 30.14 26.60

6 Ravindra Tubes Ltd. Tubes & pipes 117.11 140.84 107.99 133.37 94.70% 8.79 12.61 10.58 6.11 8.31 5.90% 25.72 28.21 10.86 8.59 31.65 26.31 15.27 16.04 19.66 19.34 27.80

7 Lalit Pipes & Pipes Ltd. Tubes & pipes 144.61 146.77 123.60 123.08 83.86% 28.42 33.81 3.64 11.54 12.71 8.66% 32.65 44.25 66.81 67.26 28.89 36.90 10.14 11.40 12.27 13.08 29.10

8 A N S Steel Tubes Ltd. ERW tubes & pipes 39.07 59.42 36.84 55.21 92.91% 27.96 27.34 2.02 -0.91 3.32 5.59% 66.07 47.46 25.89 39.21 24.41 17.95 24.75 19.29 28.31 21.19 29.40

9 Indus Tubes Ltd. Tubes & pipes 110.18 86.02 91.30 74.36 86.45% 3.03 2.79 26.65 2.96 2.38 2.77% 44.57 54.34 14.62 26.50 27.77 34.23 19.01 26.63 19.87 25.57 30.40

10 Bhandari Foils & Tubes Ltd. Tubes & pipes 148.15 165.58 130.99 156.97 94.80% 34.49 33.48 4.69 12.08 14.41 8.70% 108.00 118.10 196.47 157.12 13.78 6.65 37.89 50.98 42.11 65.61 30.60

11 Bundy India Ltd. Bundy tubes 53.76 65.38 43.04 52.41 80.16% 33.33 41.42 1.27 1.47 4.22 6.45% 108.67 54.26 105.71 61.48 56.82 53.69 14.25 10.86 16.55 12.42 32.00

12 S T I Sanoh India Ltd. ERW tubes & pipes 92.78 141.09 74.72 120.03 85.07% 33.86 36.45 3.29 11.72 18.25 12.94% 54.22 44.71 97.14 69.25 79.37 55.00 8.68 8.38 21.21 17.49 34.60

13 Uni Abex Alloy Products Ltd. Tubes & pipes 64.13 63.96 46.47 38.34 59.94% 7.99 7.92 4.84 17.28 14.11 22.06% 53.28 62.63 54.92 53.02 30.60 44.22 96.04 70.45 106.38 82.80 36.90

14 Surindra Engineering Co. Ltd. Tubes & pipes 79.90 93.43 69.59 78.87 84.42% 27.08 25.29 3.12 13.65 14.13 15.12% 57.75 52.86 248.24 197.50 29.34 45.87 10.63 16.20 31.23 23.97 37.40

15 Gandhi Special Tubes Ltd. Tubes & pipes 56.31 75.6 29.92 41.82 55.32% 46.88 42.11 0.99 28.55 41.54 54.95% 56.94 55.29 42.73 30.31 255.03 188.48 19.12 19.69 23.29 21.59 38.00

16 Suraj Ltd. Tubes & pipes 233.14 173.17 204.20 161.64 93.34% 57.45 98.39 1.64 21.78 27.85 16.08% 36.75 48.21 16.34 14.33 39.27 40.58 9.72 49.78 19.67 60.10 38.20

17 Mahalaxmi Seamless Ltd. Seamless tubes & pipes 33.95 28.7 29.75 26.55 92.51% 8.53 7.90 3.36 6.35 0.07 0.24% 68.52 72.58 37.93 28.21 44.26 44.30 30.17 44.66 43.36 54.28 39.60

18 Remi Edelstahl Tubulars Ltd. Tubes & pipes 150.60 89.49 122.05 69.60 77.77% 37.52 36.93 1.88 3.64 5.67 6.34% 55.57 74.77 22.48 59.40 45.70 72.76 73.29 77.39 92.99 93.29 46.20

19 Sivanandha Pipe Fittings Ltd. Tube & pipe fittings 17.16 11.91 14.53 11.19 93.95% 0.77 0.86 13.01 1.32 2.26 18.98% 98.26 204.60 191.43 232.91 55.01 96.71 52.28 151.03 53.34 156.71 48.30

T E X T I L E S

1 Shekhawati Poly-Yarn Ltd. Textured yarn of synthetic filament yarn 78.34 90.2 70.95 80.57 89.32% 18.70 38.06 2.12 6.75 9.13 10.12% 52.50 63.92 3.63 14.00 10.43 7.28 2.51 2.90 7.70 6.48 157.80

2 Yashasvi Yarns Ltd. Textured yarn of synthetic filament yarn 117.56 140.21 99.80 125.08 89.21% 30.44 38.42 3.26 10.55 12.52 8.93% 78.31 82.35 58.57 37.48 12.47 8.35 3.19 4.59 11.74 12.95 189.80

3 Sri Bhavani Textiles Processors (P) Ltd. Cloth processed 14.48 14.24 11.78 11.27 79.14% 5.92 4.82 2.34 2.18 2.17 15.24% 38.57 34.35 37.56 32.35 22.12 19.56 2.77 3.88 2.97 4.22 193.70

4 Mayur Uniquoters Ltd. Other coated / laminated textile fabrics 115.01 164.68 93.09 130.44 79.21% 22.65 23.15 5.63 11.79 28.14 17.09% 62.19 49.40 66.96 73.50 20.15 19.66 6.64 3.04 9.20 5.43 196.20

5 Paras Petrofils Ltd. Polyester filament yarn (PFY) 82.93 96.41 71.71 86.70 89.93% 48.83 46.22 1.88 8.12 9.68 10.04% 25.73 15.22 9.94 8.89 7.18 4.84 2.84 0.90 12.74 7.83 202.70

6 Mehratex (India) Pvt. Ltd. Textured yarn of synthetic filament yarn 73.55 76.42 70.04 72.18 94.45% 9.19 8.03 8.99 3.01 4.90 6.41% 21.91 22.82 18.96 18.98 10.40 5.86 1.63 1.38 8.21 9.31 202.80

7 Synfab Sales & Inds. Ltd. Cotton & blended yarn, texturised 65.34 77.6 61.88 74.22 95.64% 10.47 9.73 7.63 2.36 2.74 3.53% 24.27 24.06 10.23 8.88 7.80 7.05 2.18 2.23 12.81 9.14 205.80

8 Beekaylon Synthetics Pvt. Ltd. Textured yarn of synthetic filament yarn 177.47 222.26 166.71 207.71 93.45% 35.97 40.34 5.15 10.08 13.57 6.11% 19.29 17.56 21.87 17.07 14.16 8.93 0.60 0.37 8.54 6.88 211.30

9 Raghav Industries Limited Cotton yarn 153.75 174.23 68.33 77.71 44.60% 27.64 32.06 2.42 14.00 11.51 6.61% 58.57 51.95 20.69 16.56 11.90 12.53 5.47 8.47 21.68 19.76 211.60

10 Supertex Industries Ltd. Cotton & blended yarn, texturised 30.25 48.46 17.41 19.02 39.25% 6.75 5.96 3.19 7.78 1.50 3.10% 85.91 103.34 93.95 144.35 11.98 13.91 4.67 5.60 8.91 6.08 218.90

11 Suryaamba Spinning Mills Ltd. Polyester filament yarn (PFY) 83.39 82.62 76.64 76.81 92.97% 23.36 22.18 3.46 4.39 4.41 5.34% 39.18 40.18 17.18 15.46 15.13 19.62 1.86 2.84 7.59 5.41 220.90

12 Bhandari Export Inds. Ltd. Cotton yarn 7.45 55.31 7.14 52.37 94.68% 8.48 8.10 6.47 41.93 3.54 6.40% 26.07 8.31 81.49 16.39 65.78 8.21 16.39 2.73 21.07 6.25 224.50

13 Celebrations Apparel Ltd. Apparels - knitted / crocheted 14.90 18.02 10.97 12.24 67.92% 17.66 17.64 0.69 2.29 4.88 27.08% 48.77 42.19 86.57 41.60 25.78 22.31 6.93 2.08 37.48 15.42 225.70

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 123: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 121www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

31 Catvision Products Ltd. Trade in electrical machinery 25.59 23.96 7.87 8.84 36.89% 4.83 4.72 1.87 2.07 1.76 7.35% 49.92 56.82 50.56 55.46 81.64 92.98 6.34 5.98 31.61 39.41 88.90

32 Shirdi Industries Ltd. Trade in manufactured products 217.66 283.42 101.97 122.18 43.11% 176.39 176.37 0.69 50.39 70.39 24.84% 104.35 97.04 81.80 74.38 97.71 147.17 6.04 1.97 60.25 44.14 93.60

33 Sumatex Ltd. Trade in other manufactured goods 18.01 19.36 11.56 14.72 76.03% 11.56 21.58 0.68 2.34 2.67 13.79% 41.63 38.96 41.47 30.86 81.60 121.16 11.20 10.43 17.49 18.96 96.60

34 V L C C Personal Care Ltd. Trade in drugs & medicines 37.45 44.42 16.63 17.22 38.77% 4.19 17.69 0.97 5.09 9.89 22.26% 69.62 77.08 73.52 83.64 111.69 114.83 3.60 6.73 38.38 51.71 98.70

35 Kilburn Office Automation Ltd. Trade in other manufactured goods 35.85 39.87 5.54 6.03 15.12% 2.11 1.92 3.14 7.01 7.88 19.76% 239.60 238.37 328.77 323.12 256.58 360.60 1.90 0.30 296.21 306.16 99.40

36 Timbor Home Ltd. Trade in other manufactured goods 26.71 51.01 4.95 9.26 18.15% 6.56 9.88 0.94 3.25 5.44 10.66% 80.84 88.45 64.82 59.65 762.48 493.12 40.69 19.12 24.81 17.13 101.30

37 H P L India Ltd. Trade in manufactured products 15.37 19.89 27.32 33.47 168.28% 8.46 8.49 3.94 5.62 13.79 69.33% 78.62 92.22 373.08 100.08 146.31 115.88 23.71 18.25 119.58 47.51 101.50

38 Bang Overseas Ltd. Trade in textiles 137.82 128.94 79.99 58.74 45.56% 16.07 13.42 4.38 6.19 9.39 7.28% 98.34 112.55 49.78 64.01 85.04 129.16 4.47 7.02 66.64 80.10 102.20

39 Kimplas Piping Systems Ltd. Trade in manufactured products 36.68 37.28 16.10 17.36 46.57% 17.74 20.42 0.85 4.55 4.82 12.93% 80.03 85.26 64.89 80.28 54.38 66.44 24.16 30.03 73.05 95.34 102.40

40 Pantaloon Industries Ltd. Trade in textiles 97.87 111.42 1.91 0.95 0.85% 10.21 8.69 0.11 39.03 32.39 29.07% 131.58 121.93 364.60 811.96 3421.88 509.08 5.63 4.73 53.92 37.29 102.60

41 Chettinad Structural & Engg. Ltd. Trade in other manufactured goods 71.93 40.69 36.37 29.61 72.77% 0.41 0.35 84.60 2.45 3.69 9.07% 49.47 52.91 42.06 41.57 59.25 72.02 88.13 91.15 37.24 86.21 103.70

42 Arraycom (India) Ltd. Trade in electrical machinery 27.99 22.66 2.72 3.46 15.27% 8.46 14.93 0.23 3.37 2.70 11.92% 131.56 183.46 23.48 13.17 270.10 133.12 132.06 111.78 41.88 46.02 104.00

43 Transasia Bio-Medicals Ltd. Trade in drugs & medicines 214.03 254.1 68.10 81.73 32.16% 26.66 32.89 2.48 65.28 91.57 36.04% 121.08 127.94 139.57 120.77 158.49 135.13 19.07 16.80 76.39 69.44 104.60

44 Khadim India Ltd. Trade in other manufactured goods 197.61 235.16 40.48 38.36 16.31% 74.60 78.46 0.49 17.66 30.67 13.04% 34.88 32.70 81.21 73.32 46.53 78.68 14.53 14.88 111.49 104.24 105.30

45 Cotton County Retail Ltd. Trade in textiles 189.20 114.83 100.73 45.13 39.30% 7.71 6.17 7.31 -5.40 2.22 1.93% 216.68 359.04 88.52 108.14 56.17 71.60 33.53 35.18 185.50 314.01 105.80

46 Ashco Niulab Inds. Ltd. Trade in manufactured products 69.17 81.72 11.51 10.51 12.86% 33.79 28.05 0.37 9.28 10.22 12.51% 166.94 101.32 95.65 73.57 163.01 95.32 41.16 33.19 133.48 119.77 108.80

47 Control Print Ltd. Trade in other manufactured goods 37.97 46.01 8.90 21.94 47.69% 14.02 14.80 1.48 2.09 4.04 8.78% 85.59 87.07 65.12 68.07 238.37 111.65 7.82 9.28 134.65 153.87 108.90

48 G T N Engineering (India) Ltd. Trade in other manufactured goods 125.96 171.68 106.94 117.59 68.49% 34.07 43.10 2.73 31.73 44.91 26.16% 65.74 61.77 204.23 66.65 88.90 107.84 79.78 73.37 81.43 75.01 110.70

49 Birla Power Solutions Ltd. Trade in electrical machinery 226.77 238.48 87.94 69.36 29.08% 52.17 59.62 1.16 22.17 20.99 8.80% 189.91 192.32 87.01 122.48 76.10 127.09 22.44 35.38 48.20 46.63 111.40

50 Sharadha Terry Products Ltd. Trade in textiles 243.38 259.96 136.03 172.46 66.34% 246.60 235.19 0.73 85.21 83.26 32.03% 46.31 63.30 14.87 14.27 230.55 185.79 22.23 27.37 68.26 58.91 112.10

51 Maxwell Industries Ltd. Trade in textiles 191.15 209.89 130.82 147.77 70.40% 79.26 75.92 1.95 23.35 26.13 12.45% 118.46 97.46 66.45 69.94 132.88 128.66 49.22 52.22 101.68 109.64 119.60

52 S P S International Ltd. Trade in other manufactured goods 13.24 11.99 1.81 1.47 12.26% 2.69 3.52 0.42 1.01 1.06 8.84% 58.60 73.61 52.37 109.44 286.79 1642.50 30.73 26.94 40.41 47.55 127.40

53 Swasti Vinayaka Synthetics Ltd. Trade in textiles 16.56 19.93 2.86 4.05 20.32% 7.71 6.91 0.59 2.23 1.08 5.42% 34.58 42.30 83.00 116.04 952.42 459.19 12.95 9.29 176.08 112.96 133.80

S T E E L T U B E S & P I P E S

1 Nezone Tubes Ltd. Galvanised pipes 211.17 251.34 194.88 228.60 90.95% 10.07 9.35 24.45 9.35 14.91 5.93% 37.78 39.69 4.29 4.04 21.63 30.13 1.86 1.68 14.71 13.20 20.80

2 Asian Tubes Ltd. Tubes & pipes 209.24 271.84 190.58 250.26 92.06% 20.43 22.98 10.89 17.15 23.81 8.76% 77.79 67.54 75.28 83.06 30.33 17.87 8.02 11.24 16.32 19.03 21.50

3 Rajasthan Tube Mfg. Co. Ltd. Tubes & pipes 54.56 69.9 54.38 71.43 102.19% 3.00 3.49 20.47 0.76 2.49 3.56% 76.25 60.68 24.97 59.31 23.10 12.79 5.30 7.57 33.64 43.87 23.50

4 Interfit Techno Products Ltd. Tube & pipe fittings 8.04 33.37 4.70 26.86 80.49% 2.95 3.17 8.47 0.69 3.38 10.13% 48.40 14.37 104.80 20.13 100.89 15.13 250.90 39.49 176.17 39.41 26.60

5 Binjrajka Steel Tubes Ltd. Tubes & pipes 92.09 66 69.08 57.98 87.85% 2.69 2.99 19.39 0.91 1.09 1.65% 6.55 10.74 16.83 26.07 21.70 19.04 3.58 7.10 19.67 30.14 26.60

6 Ravindra Tubes Ltd. Tubes & pipes 117.11 140.84 107.99 133.37 94.70% 8.79 12.61 10.58 6.11 8.31 5.90% 25.72 28.21 10.86 8.59 31.65 26.31 15.27 16.04 19.66 19.34 27.80

7 Lalit Pipes & Pipes Ltd. Tubes & pipes 144.61 146.77 123.60 123.08 83.86% 28.42 33.81 3.64 11.54 12.71 8.66% 32.65 44.25 66.81 67.26 28.89 36.90 10.14 11.40 12.27 13.08 29.10

8 A N S Steel Tubes Ltd. ERW tubes & pipes 39.07 59.42 36.84 55.21 92.91% 27.96 27.34 2.02 -0.91 3.32 5.59% 66.07 47.46 25.89 39.21 24.41 17.95 24.75 19.29 28.31 21.19 29.40

9 Indus Tubes Ltd. Tubes & pipes 110.18 86.02 91.30 74.36 86.45% 3.03 2.79 26.65 2.96 2.38 2.77% 44.57 54.34 14.62 26.50 27.77 34.23 19.01 26.63 19.87 25.57 30.40

10 Bhandari Foils & Tubes Ltd. Tubes & pipes 148.15 165.58 130.99 156.97 94.80% 34.49 33.48 4.69 12.08 14.41 8.70% 108.00 118.10 196.47 157.12 13.78 6.65 37.89 50.98 42.11 65.61 30.60

11 Bundy India Ltd. Bundy tubes 53.76 65.38 43.04 52.41 80.16% 33.33 41.42 1.27 1.47 4.22 6.45% 108.67 54.26 105.71 61.48 56.82 53.69 14.25 10.86 16.55 12.42 32.00

12 S T I Sanoh India Ltd. ERW tubes & pipes 92.78 141.09 74.72 120.03 85.07% 33.86 36.45 3.29 11.72 18.25 12.94% 54.22 44.71 97.14 69.25 79.37 55.00 8.68 8.38 21.21 17.49 34.60

13 Uni Abex Alloy Products Ltd. Tubes & pipes 64.13 63.96 46.47 38.34 59.94% 7.99 7.92 4.84 17.28 14.11 22.06% 53.28 62.63 54.92 53.02 30.60 44.22 96.04 70.45 106.38 82.80 36.90

14 Surindra Engineering Co. Ltd. Tubes & pipes 79.90 93.43 69.59 78.87 84.42% 27.08 25.29 3.12 13.65 14.13 15.12% 57.75 52.86 248.24 197.50 29.34 45.87 10.63 16.20 31.23 23.97 37.40

15 Gandhi Special Tubes Ltd. Tubes & pipes 56.31 75.6 29.92 41.82 55.32% 46.88 42.11 0.99 28.55 41.54 54.95% 56.94 55.29 42.73 30.31 255.03 188.48 19.12 19.69 23.29 21.59 38.00

16 Suraj Ltd. Tubes & pipes 233.14 173.17 204.20 161.64 93.34% 57.45 98.39 1.64 21.78 27.85 16.08% 36.75 48.21 16.34 14.33 39.27 40.58 9.72 49.78 19.67 60.10 38.20

17 Mahalaxmi Seamless Ltd. Seamless tubes & pipes 33.95 28.7 29.75 26.55 92.51% 8.53 7.90 3.36 6.35 0.07 0.24% 68.52 72.58 37.93 28.21 44.26 44.30 30.17 44.66 43.36 54.28 39.60

18 Remi Edelstahl Tubulars Ltd. Tubes & pipes 150.60 89.49 122.05 69.60 77.77% 37.52 36.93 1.88 3.64 5.67 6.34% 55.57 74.77 22.48 59.40 45.70 72.76 73.29 77.39 92.99 93.29 46.20

19 Sivanandha Pipe Fittings Ltd. Tube & pipe fittings 17.16 11.91 14.53 11.19 93.95% 0.77 0.86 13.01 1.32 2.26 18.98% 98.26 204.60 191.43 232.91 55.01 96.71 52.28 151.03 53.34 156.71 48.30

T E X T I L E S

1 Shekhawati Poly-Yarn Ltd. Textured yarn of synthetic filament yarn 78.34 90.2 70.95 80.57 89.32% 18.70 38.06 2.12 6.75 9.13 10.12% 52.50 63.92 3.63 14.00 10.43 7.28 2.51 2.90 7.70 6.48 157.80

2 Yashasvi Yarns Ltd. Textured yarn of synthetic filament yarn 117.56 140.21 99.80 125.08 89.21% 30.44 38.42 3.26 10.55 12.52 8.93% 78.31 82.35 58.57 37.48 12.47 8.35 3.19 4.59 11.74 12.95 189.80

3 Sri Bhavani Textiles Processors (P) Ltd. Cloth processed 14.48 14.24 11.78 11.27 79.14% 5.92 4.82 2.34 2.18 2.17 15.24% 38.57 34.35 37.56 32.35 22.12 19.56 2.77 3.88 2.97 4.22 193.70

4 Mayur Uniquoters Ltd. Other coated / laminated textile fabrics 115.01 164.68 93.09 130.44 79.21% 22.65 23.15 5.63 11.79 28.14 17.09% 62.19 49.40 66.96 73.50 20.15 19.66 6.64 3.04 9.20 5.43 196.20

5 Paras Petrofils Ltd. Polyester filament yarn (PFY) 82.93 96.41 71.71 86.70 89.93% 48.83 46.22 1.88 8.12 9.68 10.04% 25.73 15.22 9.94 8.89 7.18 4.84 2.84 0.90 12.74 7.83 202.70

6 Mehratex (India) Pvt. Ltd. Textured yarn of synthetic filament yarn 73.55 76.42 70.04 72.18 94.45% 9.19 8.03 8.99 3.01 4.90 6.41% 21.91 22.82 18.96 18.98 10.40 5.86 1.63 1.38 8.21 9.31 202.80

7 Synfab Sales & Inds. Ltd. Cotton & blended yarn, texturised 65.34 77.6 61.88 74.22 95.64% 10.47 9.73 7.63 2.36 2.74 3.53% 24.27 24.06 10.23 8.88 7.80 7.05 2.18 2.23 12.81 9.14 205.80

8 Beekaylon Synthetics Pvt. Ltd. Textured yarn of synthetic filament yarn 177.47 222.26 166.71 207.71 93.45% 35.97 40.34 5.15 10.08 13.57 6.11% 19.29 17.56 21.87 17.07 14.16 8.93 0.60 0.37 8.54 6.88 211.30

9 Raghav Industries Limited Cotton yarn 153.75 174.23 68.33 77.71 44.60% 27.64 32.06 2.42 14.00 11.51 6.61% 58.57 51.95 20.69 16.56 11.90 12.53 5.47 8.47 21.68 19.76 211.60

10 Supertex Industries Ltd. Cotton & blended yarn, texturised 30.25 48.46 17.41 19.02 39.25% 6.75 5.96 3.19 7.78 1.50 3.10% 85.91 103.34 93.95 144.35 11.98 13.91 4.67 5.60 8.91 6.08 218.90

11 Suryaamba Spinning Mills Ltd. Polyester filament yarn (PFY) 83.39 82.62 76.64 76.81 92.97% 23.36 22.18 3.46 4.39 4.41 5.34% 39.18 40.18 17.18 15.46 15.13 19.62 1.86 2.84 7.59 5.41 220.90

12 Bhandari Export Inds. Ltd. Cotton yarn 7.45 55.31 7.14 52.37 94.68% 8.48 8.10 6.47 41.93 3.54 6.40% 26.07 8.31 81.49 16.39 65.78 8.21 16.39 2.73 21.07 6.25 224.50

13 Celebrations Apparel Ltd. Apparels - knitted / crocheted 14.90 18.02 10.97 12.24 67.92% 17.66 17.64 0.69 2.29 4.88 27.08% 48.77 42.19 86.57 41.60 25.78 22.31 6.93 2.08 37.48 15.42 225.70

RETAIL

TRAD

ING

STEEL TU

BES &

PIPES

TEXTILESsmall manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 124: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com122 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

14 Zenith Fibres Ltd. Polypropylene fibre 35.22 33.97 29.82 27.61 81.28% 7.03 6.22 4.44 5.17 5.18 15.25% 22.21 29.14 10.65 14.24 31.92 33.11 0.61 0.66 12.38 14.67 229.50

15 Partap Industries Ltd. Denim 77.10 109.21 62.82 94.37 86.41% 44.84 46.56 2.03 11.51 15.68 14.36% 8.21 5.63 17.58 24.57 15.18 9.95 4.67 4.89 9.92 8.52 235.80

16 Lambodhara Textiles Ltd. Cotton yarn 47.80 50.06 39.04 44.33 88.55% 22.92 27.94 1.59 4.99 5.00 9.99% 68.11 85.76 11.58 16.40 14.40 16.05 7.31 6.53 31.96 25.06 244.00

17 V G Textiles Pvt. Ltd. Cotton yarn 15.46 18.48 13.79 16.57 89.66% 2.47 3.13 5.29 0.86 1.27 6.87% 22.52 20.31 17.39 25.48 7.75 9.62 7.40 6.48 13.14 9.61 247.20

18 Raghuvir Synthetics Ltd. Cloth processed 32.10 27.84 26.08 22.50 80.82% 22.22 21.85 1.03 4.48 4.25 15.27% 39.59 36.03 108.99 149.14 19.68 15.67 3.60 0.15 5.43 1.05 249.40

19 Ranjan Polysters Ltd. Cloth processed 28.54 28.76 23.39 23.77 82.65% 11.64 9.89 2.40 3.97 3.31 11.51% 47.19 40.87 34.92 37.12 27.68 28.47 1.74 1.37 17.44 15.41 252.50

20 Suryalata Spinning Mills Ltd. Cotton & blended yarn 155.55 167.92 131.37 146.14 87.03% 76.26 87.74 1.67 13.33 19.40 11.55% 36.81 35.37 12.67 17.55 21.21 25.76 4.12 3.82 14.48 9.96 255.90

21 Network Industries Ltd. Cotton fabrics (Hosiery sector) 203.00 232.98 191.93 224.33 96.29% 6.97 5.76 38.95 6.04 7.57 3.25% 97.53 104.58 47.11 49.15 10.77 12.81 5.46 6.37 23.94 25.07 257.90

22 Amit Spinning Inds. Ltd. Cotton yarn 33.01 72.74 30.59 65.71 90.34% 46.84 42.60 1.54 -0.87 5.43 7.46% 166.21 74.41 84.05 119.56 28.47 14.83 5.06 3.04 11.56 4.64 264.30

23 Asahi Industries Ltd. Cotton yarn 28.46 86.97 24.05 73.24 84.21% 127.40 130.35 0.56 3.55 12.01 13.81% 20.18 19.21 23.84 41.41 8.64 20.30 1.38 0.89 7.25 3.61 266.80

24 Surat Textile Mills Ltd. Polyester filament yarn (PFY) 165.20 242.06 151.25 144.77 59.81% 23.97 22.24 6.51 8.93 14.49 5.99% 13.77 5.20 25.52 49.51 14.29 24.58 3.20 1.10 18.79 12.25 269.50

25 P J L Clothing (India) Ltd. Apparels (Readymade garment) 238.53 244.34 79.68 75.73 30.99% 7.33 3.93 19.27 76.44 90.45 37.02% 65.01 76.71 73.09 93.95 11.04 7.70 11.00 10.71 57.55 50.03 271.50

26 Surbhi Industries Ltd. Textured yarn of synthetic filament yarn 19.96 17.17 17.09 15.38 89.57% 6.07 5.29 2.91 2.11 1.28 7.45% 43.04 51.63 41.32 18.55 20.62 35.65 2.66 2.95 18.48 13.33 278.60

27 Jagannath Textiles Co. Ltd. Textiles 151.13 213.18 119.89 172.97 81.14% 192.80 185.74 0.93 15.98 29.64 13.90% 50.99 41.28 27.58 24.40 24.65 28.71 4.91 4.08 25.64 19.72 280.30

28 Oswal Spinning & Wvg. Mills Ltd. Cotton yarn 80.24 117.72 61.58 89.38 75.93% 29.06 23.93 3.74 12.11 14.81 12.58% 79.12 70.56 55.59 38.56 27.37 13.82 10.63 10.54 47.10 43.94 284.80

29 Mid India Inds. Ltd. Cotton & blended yarn 22.94 25.65 20.03 21.29 83.00% 2.59 3.36 6.34 0.44 1.06 4.13% 40.20 34.22 26.99 14.12 16.21 26.53 10.75 7.26 23.94 16.78 285.10

30 Arviva Industries (India) Ltd. Shirtings 140.29 157.7 116.39 136.21 86.37% 34.29 34.20 3.98 5.00 14.55 9.23% 121.95 130.46 86.81 73.79 25.91 19.94 1.46 1.17 49.71 43.04 286.10

31 Mothi Spinner Ltd.Synthetic filament yarn other than sewing threads

99.52 125.94 82.26 105.45 83.73% 47.87 47.05 2.24 14.00 16.51 13.11% 49.29 51.13 50.30 44.06 19.01 21.68 8.51 8.46 24.10 19.83 286.40

32 Cardwell Spinning Mills Ltd. Blended yarn 9.91 12.02 8.09 10.10 84.03% 3.92 3.48 2.90 0.49 1.36 11.31% 30.75 47.52 24.11 59.26 23.31 24.47 7.56 5.99 33.04 17.97 287.50

33 Pallava Textile Ltd.Synthetic filament yarn other than sewing threads

111.13 142.73 88.49 118.55 83.06% 31.38 41.77 2.84 12.01 18.44 12.92% 25.60 19.10 35.07 33.80 40.72 29.49 5.11 5.19 14.14 10.11 288.20

34 Bhaval Synthetics (India) Ltd.Synthetic filament yarn other than sewing threads

31.68 31.98 30.67 31.83 99.53% 21.90 19.53 1.63 0.03 56.90 177.92% 8.41 14.78 148.41 174.64 2.20 4.48 3.61 5.45 3.85 5.69 290.60

35 Nobletex Industries Ltd. Cloth processed 17.84 17.98 15.27 15.40 85.65% 6.58 7.50 2.05 2.01 2.09 11.62% 80.47 82.81 85.12 98.38 57.85 36.82 2.40 2.67 2.49 2.75 293.50

36 Blue Blends (India) Ltd. Woven fabrics of man-made filaments 108.77 122.05 101.06 110.10 90.21% 77.98 71.06 1.55 2.46 65.72 53.85% 64.70 64.50 88.82 81.35 13.16 20.74 6.24 8.40 16.26 16.17 294.80

37Jamshri Ranjitsinghji Spg. & Wvg. Mills Co. Ltd.

Cotton & blended yarn 42.21 37.75 40.07 34.38 91.07% 3.03 2.61 13.17 1.11 5.77 15.28% 7.88 5.25 108.34 119.40 3.11 6.27 7.49 8.23 11.23 8.92 300.50

38 Sri Kumaran Mills Ltd. Cotton yarn 27.59 32.65 21.01 24.17 74.03% 5.26 4.76 5.08 2.12 2.79 8.55% 36.34 34.97 34.88 12.39 51.25 37.21 7.74 7.38 34.68 21.96 302.20

39 Shree Bharani Spinnings (India) Ltd. High tenacity yarn of viscose rayon 20.45 23.09 16.92 18.51 80.16% 8.15 7.59 2.44 2.12 2.32 10.05% 24.66 28.68 12.35 22.55 17.58 23.42 16.49 10.13 31.43 15.52 304.80

40 Santaram Spinners Ltd. Cotton yarn 8.37 33.49 3.20 16.74 49.99% 3.18 3.12 5.37 0.16 0.27 0.81% 238.97 76.51 51.28 80.12 214.63 31.79 9.26 1.19 106.24 32.37 305.50

41 Kaur Sain Spinners Ltd. Cotton & blended yarn 60.80 109.92 39.42 69.42 63.16% 56.10 50.91 1.36 10.78 13.41 12.20% 61.06 43.45 54.47 11.02 34.01 38.90 8.71 7.77 30.36 22.05 307.10

42 Arora Fibres Ltd. Polyester staple fibre (PSF) 10.70 16.23 10.95 14.42 88.85% 4.13 4.03 3.58 -1.68 1.19 7.33% 28.38 22.18 25.00 32.69 23.46 19.91 0.81 0.64 49.47 35.33 312.40

43 Binayak Tex Processors Ltd. Cloth processed 118.73 133.1 96.99 109.08 81.95% 10.60 11.32 9.64 12.10 9.87 7.42% 93.56 85.53 47.35 65.55 14.62 17.04 18.85 16.22 29.96 25.12 315.40

44 Balaji Filaments Ltd.Synthetic filament yarn other than sewing threads

66.39 74.01 44.21 46.54 62.88% 12.51 13.81 3.37 3.95 4.74 6.40% 87.09 86.16 18.95 15.16 19.00 24.50 17.80 26.46 26.79 27.63 318.80

45 S T I India Ltd. Cotton yarn 176.17 178.66 168.09 165.82 92.81% 110.73 100.73 1.65 -24.78 8.07 4.52% 9.65 12.62 63.40 79.13 7.78 11.91 3.53 3.96 7.33 8.68 323.90

46 Pranavaditya Spinning Mills Ltd. Cotton yarn 25.41 32.66 23.18 26.98 82.61% 9.47 28.01 0.96 -0.12 4.31 13.20% 24.08 27.94 12.61 18.68 16.95 35.81 6.81 7.13 17.83 9.82 325.30

47 Mangrul Mills Ltd. Cotton & blended yarn 45.77 56.39 45.05 52.10 92.39% 80.62 75.96 0.69 4.18 5.14 9.12% 25.03 19.99 18.87 11.46 18.31 31.86 4.00 4.14 5.89 7.35 330.80

48 Sree Kaderi Ambal Mills Ltd. Cotton & blended yarn 44.21 53.37 36.09 40.99 76.80% 27.90 26.94 1.52 3.71 9.17 17.18% 20.94 16.94 82.67 73.94 12.57 15.21 12.08 8.27 36.61 26.35 332.00

49 Mangalam Ventures Ltd. Apparels - knitted / crocheted 29.33 34.38 26.27 30.68 89.24% 9.71 10.42 2.94 2.06 2.49 7.24% 51.42 56.55 44.78 30.39 12.33 13.67 13.09 19.91 19.73 25.44 333.10

50 Sona Processors (India) Ltd. Cloth processed 29.81 29.96 25.00 24.78 82.71% 8.68 9.74 2.54 2.82 3.07 10.25% 64.96 60.31 25.66 28.14 38.89 40.20 6.07 6.75 26.39 25.78 335.90

51 Hisar Spinning Mills Ltd. Cotton yarn 11.72 11.65 10.83 10.36 88.93% 2.88 2.69 3.85 0.82 1.02 8.76% 18.37 17.70 32.19 26.67 36.70 41.08 3.60 3.89 11.61 10.52 341.40

52 Gini & Jony Ltd. Apparels (Readymade garment) 199.33 234.21 163.93 181.45 77.47% 44.16 40.15 4.52 27.66 44.63 19.06% 123.54 155.27 56.97 35.04 10.08 17.17 16.71 18.27 134.45 134.86 341.60

53 Anant Syntex Ltd. Cloth processed 37.97 35.2 26.13 23.14 65.74% 16.37 15.95 1.45 3.05 2.98 8.47% 45.64 51.28 36.55 34.44 35.40 43.86 2.43 2.56 23.82 30.28 342.70

54 Ronak Dyeing Ltd. Cloth (Fabrics) 9.78 11.5 8.59 10.18 88.52% 3.97 4.71 2.16 0.56 0.96 8.35% 27.80 33.48 95.89 141.37 8.15 7.72 7.23 11.11 6.97 10.55 345.80

55 Premco Global Ltd. Rubberised textile fabrics (elastic tapes) 30.39 26.79 23.89 20.79 77.60% 9.95 10.42 2.00 3.21 2.75 10.27% 51.35 61.65 30.94 35.71 49.13 66.10 2.46 2.51 19.46 19.96 346.50

56 Superfine Knitters Ltd. Apparels (Readymade garment) 27.17 28.75 19.77 24.82 86.33% 15.41 14.67 1.69 2.49 2.88 10.02% 98.28 82.48 59.59 69.78 7.75 18.96 2.12 2.00 79.73 89.33 349.00

57 Vippy Spinpro Ltd. Cotton yarn 45.16 53.7 37.72 44.31 82.51% 15.25 18.18 2.44 4.66 4.97 9.26% 38.98 43.73 8.67 33.08 75.75 68.88 1.54 1.85 14.52 9.69 350.90

58 Modern Denim Ltd. Cloth (Fabrics) 69.25 92.96 70.95 92.44 99.44% 32.33 28.59 3.23 -2.66 0.45 0.48% 40.38 32.97 61.80 60.02 19.04 18.87 7.98 7.96 23.57 23.49 359.30

59 Sanrhea Technical Textiles Ltd. Cloth (Fabrics) 12.42 18.06 12.49 15.43 85.44% 3.05 3.26 4.73 -0.57 2.01 11.13% 62.19 52.82 22.20 21.81 37.72 39.32 11.17 12.84 21.38 22.26 360.20

60 Arvind Cotsyn (India) Ltd. Cotton yarn 45.95 57.83 36.94 47.30 81.79% 22.26 21.06 2.25 8.41 10.55 18.24% 50.51 40.19 55.58 78.63 18.93 18.49 13.76 18.31 35.27 25.34 360.60

61 Arrow Textiles Ltd. Textile labels, badges, etc. 19.19 23.79 13.27 15.97 67.13% 19.34 17.84 0.90 4.41 4.95 20.81% 45.55 90.75 41.85 44.09 52.74 82.69 1.93 3.14 14.40 18.46 362.30

62 Sri Ramakrishna Mills (Coimbatore) Ltd. Cotton yarn 51.11 53.24 50.50 48.72 91.51% 29.72 25.29 1.93 3.65 12.21 22.93% 88.92 67.35 187.94 118.27 29.40 24.21 8.09 9.01 27.18 29.75 364.20

63 Mafatlal Industries Ltd. Cloth (Fabrics) 148.76 167.34 141.02 159.33 95.21% 33.74 19.75 8.07 351.83 71.65 42.82% 215.04 155.87 484.10 260.03 10.83 12.90 26.87 28.69 39.01 36.36 368.00

64 Sohrab Spinning Mills Ltd. Tyre cord fabric of high tenacity yarns 40.18 57.29 27.22 36.97 64.53% 7.89 23.68 1.56 1.61 1.90 3.32% 24.00 18.72 23.90 22.69 35.32 36.55 10.77 9.01 14.97 12.23 368.40

65 A P M Industries Ltd.Synthetic filament yarn other than sewing threads

182.72 195.82 160.25 172.13 87.90% 127.79 127.33 1.35 12.28 19.63 10.02% 40.54 37.44 16.89 21.22 26.42 29.86 9.35 8.13 40.00 31.42 368.60

66 Indian Yarn Ltd.Synthetic filament yarn other than sewing threads

86.38 92.95 75.25 81.97 88.19% 32.70 47.42 1.73 9.40 10.16 10.93% 45.83 43.31 10.53 16.54 29.62 26.14 9.31 12.04 35.14 34.00 373.60

67 G S L Nova Petrochemicals Ltd. Partially oriented yarn (POY) 193.08 209.82 171.33 192.60 91.79% 50.68 81.37 2.37 8.38 9.68 4.61% 59.13 33.70 54.04 76.51 21.95 13.50 22.95 12.35 32.11 20.30 374.20

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 125: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 123www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

14 Zenith Fibres Ltd. Polypropylene fibre 35.22 33.97 29.82 27.61 81.28% 7.03 6.22 4.44 5.17 5.18 15.25% 22.21 29.14 10.65 14.24 31.92 33.11 0.61 0.66 12.38 14.67 229.50

15 Partap Industries Ltd. Denim 77.10 109.21 62.82 94.37 86.41% 44.84 46.56 2.03 11.51 15.68 14.36% 8.21 5.63 17.58 24.57 15.18 9.95 4.67 4.89 9.92 8.52 235.80

16 Lambodhara Textiles Ltd. Cotton yarn 47.80 50.06 39.04 44.33 88.55% 22.92 27.94 1.59 4.99 5.00 9.99% 68.11 85.76 11.58 16.40 14.40 16.05 7.31 6.53 31.96 25.06 244.00

17 V G Textiles Pvt. Ltd. Cotton yarn 15.46 18.48 13.79 16.57 89.66% 2.47 3.13 5.29 0.86 1.27 6.87% 22.52 20.31 17.39 25.48 7.75 9.62 7.40 6.48 13.14 9.61 247.20

18 Raghuvir Synthetics Ltd. Cloth processed 32.10 27.84 26.08 22.50 80.82% 22.22 21.85 1.03 4.48 4.25 15.27% 39.59 36.03 108.99 149.14 19.68 15.67 3.60 0.15 5.43 1.05 249.40

19 Ranjan Polysters Ltd. Cloth processed 28.54 28.76 23.39 23.77 82.65% 11.64 9.89 2.40 3.97 3.31 11.51% 47.19 40.87 34.92 37.12 27.68 28.47 1.74 1.37 17.44 15.41 252.50

20 Suryalata Spinning Mills Ltd. Cotton & blended yarn 155.55 167.92 131.37 146.14 87.03% 76.26 87.74 1.67 13.33 19.40 11.55% 36.81 35.37 12.67 17.55 21.21 25.76 4.12 3.82 14.48 9.96 255.90

21 Network Industries Ltd. Cotton fabrics (Hosiery sector) 203.00 232.98 191.93 224.33 96.29% 6.97 5.76 38.95 6.04 7.57 3.25% 97.53 104.58 47.11 49.15 10.77 12.81 5.46 6.37 23.94 25.07 257.90

22 Amit Spinning Inds. Ltd. Cotton yarn 33.01 72.74 30.59 65.71 90.34% 46.84 42.60 1.54 -0.87 5.43 7.46% 166.21 74.41 84.05 119.56 28.47 14.83 5.06 3.04 11.56 4.64 264.30

23 Asahi Industries Ltd. Cotton yarn 28.46 86.97 24.05 73.24 84.21% 127.40 130.35 0.56 3.55 12.01 13.81% 20.18 19.21 23.84 41.41 8.64 20.30 1.38 0.89 7.25 3.61 266.80

24 Surat Textile Mills Ltd. Polyester filament yarn (PFY) 165.20 242.06 151.25 144.77 59.81% 23.97 22.24 6.51 8.93 14.49 5.99% 13.77 5.20 25.52 49.51 14.29 24.58 3.20 1.10 18.79 12.25 269.50

25 P J L Clothing (India) Ltd. Apparels (Readymade garment) 238.53 244.34 79.68 75.73 30.99% 7.33 3.93 19.27 76.44 90.45 37.02% 65.01 76.71 73.09 93.95 11.04 7.70 11.00 10.71 57.55 50.03 271.50

26 Surbhi Industries Ltd. Textured yarn of synthetic filament yarn 19.96 17.17 17.09 15.38 89.57% 6.07 5.29 2.91 2.11 1.28 7.45% 43.04 51.63 41.32 18.55 20.62 35.65 2.66 2.95 18.48 13.33 278.60

27 Jagannath Textiles Co. Ltd. Textiles 151.13 213.18 119.89 172.97 81.14% 192.80 185.74 0.93 15.98 29.64 13.90% 50.99 41.28 27.58 24.40 24.65 28.71 4.91 4.08 25.64 19.72 280.30

28 Oswal Spinning & Wvg. Mills Ltd. Cotton yarn 80.24 117.72 61.58 89.38 75.93% 29.06 23.93 3.74 12.11 14.81 12.58% 79.12 70.56 55.59 38.56 27.37 13.82 10.63 10.54 47.10 43.94 284.80

29 Mid India Inds. Ltd. Cotton & blended yarn 22.94 25.65 20.03 21.29 83.00% 2.59 3.36 6.34 0.44 1.06 4.13% 40.20 34.22 26.99 14.12 16.21 26.53 10.75 7.26 23.94 16.78 285.10

30 Arviva Industries (India) Ltd. Shirtings 140.29 157.7 116.39 136.21 86.37% 34.29 34.20 3.98 5.00 14.55 9.23% 121.95 130.46 86.81 73.79 25.91 19.94 1.46 1.17 49.71 43.04 286.10

31 Mothi Spinner Ltd.Synthetic filament yarn other than sewing threads

99.52 125.94 82.26 105.45 83.73% 47.87 47.05 2.24 14.00 16.51 13.11% 49.29 51.13 50.30 44.06 19.01 21.68 8.51 8.46 24.10 19.83 286.40

32 Cardwell Spinning Mills Ltd. Blended yarn 9.91 12.02 8.09 10.10 84.03% 3.92 3.48 2.90 0.49 1.36 11.31% 30.75 47.52 24.11 59.26 23.31 24.47 7.56 5.99 33.04 17.97 287.50

33 Pallava Textile Ltd.Synthetic filament yarn other than sewing threads

111.13 142.73 88.49 118.55 83.06% 31.38 41.77 2.84 12.01 18.44 12.92% 25.60 19.10 35.07 33.80 40.72 29.49 5.11 5.19 14.14 10.11 288.20

34 Bhaval Synthetics (India) Ltd.Synthetic filament yarn other than sewing threads

31.68 31.98 30.67 31.83 99.53% 21.90 19.53 1.63 0.03 56.90 177.92% 8.41 14.78 148.41 174.64 2.20 4.48 3.61 5.45 3.85 5.69 290.60

35 Nobletex Industries Ltd. Cloth processed 17.84 17.98 15.27 15.40 85.65% 6.58 7.50 2.05 2.01 2.09 11.62% 80.47 82.81 85.12 98.38 57.85 36.82 2.40 2.67 2.49 2.75 293.50

36 Blue Blends (India) Ltd. Woven fabrics of man-made filaments 108.77 122.05 101.06 110.10 90.21% 77.98 71.06 1.55 2.46 65.72 53.85% 64.70 64.50 88.82 81.35 13.16 20.74 6.24 8.40 16.26 16.17 294.80

37Jamshri Ranjitsinghji Spg. & Wvg. Mills Co. Ltd.

Cotton & blended yarn 42.21 37.75 40.07 34.38 91.07% 3.03 2.61 13.17 1.11 5.77 15.28% 7.88 5.25 108.34 119.40 3.11 6.27 7.49 8.23 11.23 8.92 300.50

38 Sri Kumaran Mills Ltd. Cotton yarn 27.59 32.65 21.01 24.17 74.03% 5.26 4.76 5.08 2.12 2.79 8.55% 36.34 34.97 34.88 12.39 51.25 37.21 7.74 7.38 34.68 21.96 302.20

39 Shree Bharani Spinnings (India) Ltd. High tenacity yarn of viscose rayon 20.45 23.09 16.92 18.51 80.16% 8.15 7.59 2.44 2.12 2.32 10.05% 24.66 28.68 12.35 22.55 17.58 23.42 16.49 10.13 31.43 15.52 304.80

40 Santaram Spinners Ltd. Cotton yarn 8.37 33.49 3.20 16.74 49.99% 3.18 3.12 5.37 0.16 0.27 0.81% 238.97 76.51 51.28 80.12 214.63 31.79 9.26 1.19 106.24 32.37 305.50

41 Kaur Sain Spinners Ltd. Cotton & blended yarn 60.80 109.92 39.42 69.42 63.16% 56.10 50.91 1.36 10.78 13.41 12.20% 61.06 43.45 54.47 11.02 34.01 38.90 8.71 7.77 30.36 22.05 307.10

42 Arora Fibres Ltd. Polyester staple fibre (PSF) 10.70 16.23 10.95 14.42 88.85% 4.13 4.03 3.58 -1.68 1.19 7.33% 28.38 22.18 25.00 32.69 23.46 19.91 0.81 0.64 49.47 35.33 312.40

43 Binayak Tex Processors Ltd. Cloth processed 118.73 133.1 96.99 109.08 81.95% 10.60 11.32 9.64 12.10 9.87 7.42% 93.56 85.53 47.35 65.55 14.62 17.04 18.85 16.22 29.96 25.12 315.40

44 Balaji Filaments Ltd.Synthetic filament yarn other than sewing threads

66.39 74.01 44.21 46.54 62.88% 12.51 13.81 3.37 3.95 4.74 6.40% 87.09 86.16 18.95 15.16 19.00 24.50 17.80 26.46 26.79 27.63 318.80

45 S T I India Ltd. Cotton yarn 176.17 178.66 168.09 165.82 92.81% 110.73 100.73 1.65 -24.78 8.07 4.52% 9.65 12.62 63.40 79.13 7.78 11.91 3.53 3.96 7.33 8.68 323.90

46 Pranavaditya Spinning Mills Ltd. Cotton yarn 25.41 32.66 23.18 26.98 82.61% 9.47 28.01 0.96 -0.12 4.31 13.20% 24.08 27.94 12.61 18.68 16.95 35.81 6.81 7.13 17.83 9.82 325.30

47 Mangrul Mills Ltd. Cotton & blended yarn 45.77 56.39 45.05 52.10 92.39% 80.62 75.96 0.69 4.18 5.14 9.12% 25.03 19.99 18.87 11.46 18.31 31.86 4.00 4.14 5.89 7.35 330.80

48 Sree Kaderi Ambal Mills Ltd. Cotton & blended yarn 44.21 53.37 36.09 40.99 76.80% 27.90 26.94 1.52 3.71 9.17 17.18% 20.94 16.94 82.67 73.94 12.57 15.21 12.08 8.27 36.61 26.35 332.00

49 Mangalam Ventures Ltd. Apparels - knitted / crocheted 29.33 34.38 26.27 30.68 89.24% 9.71 10.42 2.94 2.06 2.49 7.24% 51.42 56.55 44.78 30.39 12.33 13.67 13.09 19.91 19.73 25.44 333.10

50 Sona Processors (India) Ltd. Cloth processed 29.81 29.96 25.00 24.78 82.71% 8.68 9.74 2.54 2.82 3.07 10.25% 64.96 60.31 25.66 28.14 38.89 40.20 6.07 6.75 26.39 25.78 335.90

51 Hisar Spinning Mills Ltd. Cotton yarn 11.72 11.65 10.83 10.36 88.93% 2.88 2.69 3.85 0.82 1.02 8.76% 18.37 17.70 32.19 26.67 36.70 41.08 3.60 3.89 11.61 10.52 341.40

52 Gini & Jony Ltd. Apparels (Readymade garment) 199.33 234.21 163.93 181.45 77.47% 44.16 40.15 4.52 27.66 44.63 19.06% 123.54 155.27 56.97 35.04 10.08 17.17 16.71 18.27 134.45 134.86 341.60

53 Anant Syntex Ltd. Cloth processed 37.97 35.2 26.13 23.14 65.74% 16.37 15.95 1.45 3.05 2.98 8.47% 45.64 51.28 36.55 34.44 35.40 43.86 2.43 2.56 23.82 30.28 342.70

54 Ronak Dyeing Ltd. Cloth (Fabrics) 9.78 11.5 8.59 10.18 88.52% 3.97 4.71 2.16 0.56 0.96 8.35% 27.80 33.48 95.89 141.37 8.15 7.72 7.23 11.11 6.97 10.55 345.80

55 Premco Global Ltd. Rubberised textile fabrics (elastic tapes) 30.39 26.79 23.89 20.79 77.60% 9.95 10.42 2.00 3.21 2.75 10.27% 51.35 61.65 30.94 35.71 49.13 66.10 2.46 2.51 19.46 19.96 346.50

56 Superfine Knitters Ltd. Apparels (Readymade garment) 27.17 28.75 19.77 24.82 86.33% 15.41 14.67 1.69 2.49 2.88 10.02% 98.28 82.48 59.59 69.78 7.75 18.96 2.12 2.00 79.73 89.33 349.00

57 Vippy Spinpro Ltd. Cotton yarn 45.16 53.7 37.72 44.31 82.51% 15.25 18.18 2.44 4.66 4.97 9.26% 38.98 43.73 8.67 33.08 75.75 68.88 1.54 1.85 14.52 9.69 350.90

58 Modern Denim Ltd. Cloth (Fabrics) 69.25 92.96 70.95 92.44 99.44% 32.33 28.59 3.23 -2.66 0.45 0.48% 40.38 32.97 61.80 60.02 19.04 18.87 7.98 7.96 23.57 23.49 359.30

59 Sanrhea Technical Textiles Ltd. Cloth (Fabrics) 12.42 18.06 12.49 15.43 85.44% 3.05 3.26 4.73 -0.57 2.01 11.13% 62.19 52.82 22.20 21.81 37.72 39.32 11.17 12.84 21.38 22.26 360.20

60 Arvind Cotsyn (India) Ltd. Cotton yarn 45.95 57.83 36.94 47.30 81.79% 22.26 21.06 2.25 8.41 10.55 18.24% 50.51 40.19 55.58 78.63 18.93 18.49 13.76 18.31 35.27 25.34 360.60

61 Arrow Textiles Ltd. Textile labels, badges, etc. 19.19 23.79 13.27 15.97 67.13% 19.34 17.84 0.90 4.41 4.95 20.81% 45.55 90.75 41.85 44.09 52.74 82.69 1.93 3.14 14.40 18.46 362.30

62 Sri Ramakrishna Mills (Coimbatore) Ltd. Cotton yarn 51.11 53.24 50.50 48.72 91.51% 29.72 25.29 1.93 3.65 12.21 22.93% 88.92 67.35 187.94 118.27 29.40 24.21 8.09 9.01 27.18 29.75 364.20

63 Mafatlal Industries Ltd. Cloth (Fabrics) 148.76 167.34 141.02 159.33 95.21% 33.74 19.75 8.07 351.83 71.65 42.82% 215.04 155.87 484.10 260.03 10.83 12.90 26.87 28.69 39.01 36.36 368.00

64 Sohrab Spinning Mills Ltd. Tyre cord fabric of high tenacity yarns 40.18 57.29 27.22 36.97 64.53% 7.89 23.68 1.56 1.61 1.90 3.32% 24.00 18.72 23.90 22.69 35.32 36.55 10.77 9.01 14.97 12.23 368.40

65 A P M Industries Ltd.Synthetic filament yarn other than sewing threads

182.72 195.82 160.25 172.13 87.90% 127.79 127.33 1.35 12.28 19.63 10.02% 40.54 37.44 16.89 21.22 26.42 29.86 9.35 8.13 40.00 31.42 368.60

66 Indian Yarn Ltd.Synthetic filament yarn other than sewing threads

86.38 92.95 75.25 81.97 88.19% 32.70 47.42 1.73 9.40 10.16 10.93% 45.83 43.31 10.53 16.54 29.62 26.14 9.31 12.04 35.14 34.00 373.60

67 G S L Nova Petrochemicals Ltd. Partially oriented yarn (POY) 193.08 209.82 171.33 192.60 91.79% 50.68 81.37 2.37 8.38 9.68 4.61% 59.13 33.70 54.04 76.51 21.95 13.50 22.95 12.35 32.11 20.30 374.20

TEXTILESsmall manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 126: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com124 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

68 Thangavelu Spinning Mills Ltd. Cotton & blended yarn 26.48 25.84 24.32 22.15 85.72% 8.31 7.22 3.07 1.36 2.08 8.05% 41.18 37.16 40.11 34.75 5.37 18.07 18.68 20.40 36.18 30.93 375.10

69 Pioneer Spinning & Weaving Mills Ltd. Cotton yarn 34.44 40.3 29.35 34.29 85.09% 7.31 8.46 4.05 3.91 6.45 16.00% 24.32 18.79 34.95 36.10 54.37 52.68 7.48 5.78 19.60 18.89 376.10

70 Kewal Kiran Clothing Ltd. Apparels (Readymade garment) 145.40 176.34 78.75 102.19 57.95% 44.91 40.03 2.55 27.97 56.18 31.86% 67.04 46.93 50.57 51.57 22.40 21.80 28.52 21.07 77.93 56.42 377.50

71 Kadri Mills (Cbe) Ltd. Cotton yarn 175.43 173.16 156.24 151.49 87.49% 86.60 83.17 1.82 13.49 15.80 9.12% 25.42 28.00 17.98 22.48 22.56 34.67 7.05 9.65 18.02 22.29 379.70

72 Dhanlaxmi Fabrics Ltd. Cloth processed 47.05 48.48 14.47 18.32 37.79% 34.10 32.27 0.57 7.12 6.52 13.45% 59.23 78.75 66.71 80.82 38.22 41.18 8.59 6.65 43.06 32.17 380.90

73 Mynah Industries Ltd. Cloth (Fabrics) 166.93 270.28 7.90 21.26 7.87% 16.09 20.57 1.03 7.52 12.86 4.76% 43.55 41.48 10.03 13.78 61.97 50.82 19.91 8.73 11.24 23.03 384.10

74 Jaimurugan Textiles Ltd. Cotton yarn 26.01 32.55 22.15 26.86 82.52% 13.44 12.34 2.18 3.07 3.75 11.52% 88.90 97.39 178.83 84.06 32.33 33.69 8.38 8.57 66.51 39.47 384.30

75 Mafatlal Denim Ltd. Denim 109.61 154.11 96.54 130.45 84.65% 102.15 92.12 1.42 0.95 19.10 12.39% 59.96 59.18 46.04 36.74 22.75 20.88 19.88 18.03 54.91 40.25 385.90

76 Deepak Spinners Ltd. Cellulose acetate yarn 141.53 211.24 118.69 186.41 88.25% 91.44 75.04 2.48 8.47 3.68 1.74% 62.53 30.22 24.89 19.23 33.29 27.23 18.11 8.77 68.99 31.86 386.60

77Palani Andavar Cotton & Synthetic Spin-ners Ltd.

Cotton yarn 12.72 11.94 13.06 11.22 93.97% 15.29 14.07 0.80 0.28 0.68 5.70% 33.84 38.13 179.85 210.30 27.06 12.11 3.06 7.47 14.33 22.43 387.40

78 Prakash Woollen Mills Ltd. Blankets & travelling rugs 30.61 44.15 24.67 35.73 80.93% 19.92 20.00 1.79 4.14 6.02 13.64% 181.61 104.53 23.30 19.24 20.83 21.25 51.47 36.55 66.42 61.58 387.50

79 Sree Karpagambal Mills Ltd. Cotton & blended yarn 85.51 84.79 49.80 53.50 63.10% 35.21 32.84 1.63 4.19 8.28 9.77% 52.95 38.57 26.25 31.31 43.07 48.40 3.78 4.49 77.03 41.94 388.60

80 Celebrity Fashions Ltd. Apparels - knitted / crocheted 261.81 295.32 271.42 242.25 82.03% 107.82 98.32 2.46 -91.30 14.87 5.04% 76.48 64.61 37.50 58.64 102.91 37.05 3.56 3.81 48.07 48.56 390.20

81 Ginza Industries Ltd. Other textile articles 128.05 158.73 108.43 123.30 77.68% 108.61 100.43 1.23 13.66 25.50 16.07% 56.10 54.28 29.52 33.36 24.36 20.96 8.50 11.10 121.98 108.52 392.10

82 Volant Textile Mills Ltd. Cloth (Fabrics) 9.25 15.42 8.99 13.92 90.27% 13.24 11.98 1.16 0.24 1.33 8.63% 14.78 44.47 95.28 103.92 45.69 35.69 7.62 5.89 13.67 12.73 394.10

83 Balkrishna Synthetics Ltd. Cloth processed 32.67 34.12 30.04 28.07 82.27% 15.47 16.91 1.66 2.57 5.77 16.91% 21.15 17.52 29.15 42.36 65.54 69.86 6.27 5.06 6.57 5.33 396.30

84 Jindal Cotex Ltd. Acrylic filament yarn (AFY) 138.43 146.26 77.42 84.95 58.08% 20.33 81.01 1.05 9.83 13.22 9.04% 22.20 23.13 21.12 49.87 30.70 45.28 5.22 6.88 20.91 18.88 396.30

85 Sri Balasubramania Mills Ltd. Cotton yarn 9.23 11.08 12.42 10.85 97.92% 3.15 3.98 2.73 -2.45 0.81 7.31% 80.08 95.37 46.61 85.90 12.46 24.21 4.17 8.73 17.93 44.38 399.10

86 Silver Spark Apparel Ltd. Apparels (Readymade garment) 88.93 84.5 62.17 65.70 77.75% 51.31 54.22 1.21 8.99 12.61 14.92% 32.56 32.45 51.44 55.77 46.47 40.26 7.92 4.50 40.16 38.29 400.40

87 R M Mohite Inds. Ltd. Cotton yarn 106.62 106.3 88.71 84.85 79.82% 75.83 69.52 1.22 15.75 21.82 20.53% 87.62 110.05 24.79 6.49 34.58 35.81 18.36 21.38 48.02 54.25 400.50

88 Mahalaxmi Rubtech Ltd. Cloth processed 82.42 88.72 75.58 76.19 85.88% 42.51 42.57 1.79 6.81 11.70 13.19% 31.90 74.00 72.78 114.18 20.39 35.06 7.28 9.82 18.22 26.48 401.20

89 Jasch Industries Ltd. Coated / laminated textile fabrics 51.71 65.6 44.33 55.17 84.10% 19.19 19.21 2.87 5.69 6.19 9.44% 77.56 76.55 58.50 72.32 63.94 52.53 12.00 8.92 26.01 19.75 402.30

90 Subhash Polytex Ltd. Acrylic filament yarn (AFY) 33.54 37.09 33.22 32.61 87.92% 4.96 7.28 4.48 1.40 1.62 4.37% 21.49 49.75 86.42 92.10 26.95 23.02 4.77 5.09 59.38 62.74 402.80

91 Kamadgiri Fashion Ltd. Cloth (Fabrics) 82.44 105.31 42.60 63.91 60.69% 14.70 17.83 3.58 4.34 6.76 6.42% 52.97 60.68 91.22 60.31 52.92 33.97 10.83 13.91 29.56 40.89 403.00

92 Vardhman Acrylics Ltd. Acrylic fibre 240.00 269.27 166.23 150.05 55.72% 126.04 115.50 1.30 20.56 68.38 25.39% 2.50 3.00 17.84 49.15 51.68 79.92 3.35 3.86 8.87 7.93 403.50

93 Anjani Dham Inds. Ltd. Cloth (Fabrics) 169.11 227.58 161.39 205.88 90.46% 23.36 21.59 9.54 12.34 11.19 4.92% 56.37 66.04 73.79 61.01 37.47 29.68 15.89 10.11 47.55 39.75 405.00

94 Shital Fibres Ltd. Blankets & travelling rugs 98.97 117.78 84.46 99.90 84.82% 32.92 55.55 1.80 8.40 11.70 9.93% 84.71 84.68 97.98 80.04 111.62 72.67 14.52 5.49 22.55 11.65 405.50

95 Uniroyal Industries Ltd. Textile labels, badges, etc. 9.27 10.48 4.84 5.53 52.77% 13.27 12.77 0.43 2.38 4.01 38.26% 123.11 80.55 77.71 87.34 128.77 108.94 4.34 2.94 19.43 3.86 406.00

96 Ganesha Ecosphere Ltd. Textured yarn of synthetic filament yarn 135.50 198.94 112.72 151.07 75.94% 61.44 57.79 2.61 16.48 23.46 11.79% 23.01 20.61 33.16 26.16 50.42 41.94 13.76 10.65 46.51 29.94 407.20

97 Anjani Synthetics Ltd. Cloth (Fabrics) 212.17 222.12 177.85 157.59 70.95% 14.69 12.86 12.25 12.27 12.23 5.51% 88.42 93.91 48.85 71.39 32.16 43.85 8.97 11.44 32.94 34.24 407.30

98 Arex Industries Ltd. Textile labels, badges, etc. 17.09 21.91 9.22 11.16 50.94% 20.20 26.97 0.41 5.71 7.86 35.87% 91.46 75.06 16.33 14.93 94.05 81.61 10.25 9.30 31.62 27.20 408.30

99 Orbit Exports Ltd. Cloth (Fabrics) 43.94 61.62 38.81 50.98 82.73% 4.35 8.56 5.96 3.09 6.57 10.66% 34.42 38.08 19.03 22.50 39.87 29.11 14.63 12.47 89.82 68.73 411.10

100 Veejay Terry Products Ltd. Cotton yarn 14.00 16.06 11.19 11.76 73.23% 16.13 13.96 0.84 1.75 3.62 22.54% 26.59 15.80 47.82 36.26 35.73 58.28 7.03 8.65 10.32 13.96 412.00

101 P M P Textiles Spg. Mills Ltd. Cotton yarn 25.52 32.85 20.93 24.57 74.79% 27.87 26.77 0.92 2.26 7.32 22.28% 3.71 11.59 160.00 157.37 20.21 37.83 7.03 7.04 30.21 15.66 412.40

102 Lakshmi Mills Co. Ltd. Cotton & blended yarn 104.32 134.77 87.98 109.41 81.18% 169.38 74.60 1.47 9.07 15.68 11.63% 38.01 30.79 61.42 50.90 42.68 35.50 8.58 8.29 51.49 36.14 414.90

103 Jindal Worldwide Ltd. Denim 184.38 288.73 158.46 237.25 82.17% 82.29 81.53 2.91 17.95 23.27 8.06% 42.78 29.84 74.08 52.29 75.18 47.05 14.61 8.83 31.80 20.37 418.30

104 Maris Spinners Ltd. Cotton yarn 60.51 66.25 49.92 53.84 81.27% 25.48 21.39 2.52 6.51 11.23 16.95% 54.79 45.96 41.17 40.72 121.30 103.43 5.33 5.78 14.27 14.53 426.40

105 Sri Venkatesa Mills Ltd. Cotton & blended yarn 13.34 19.61 10.62 16.03 81.74% 6.30 9.64 1.66 2.47 4.16 21.21% 17.15 16.76 110.00 72.96 15.14 34.25 11.73 15.24 20.44 23.71 430.90

106 Ambadi Enterprises Ltd. Textiles 65.64 61.21 32.32 30.49 49.81% 10.88 9.61 3.17 3.32 6.69 10.93% 52.65 58.68 55.48 55.35 44.35 87.50 0.93 1.27 37.67 45.35 431.30

107 Ganges Manufacturing Co. Ltd. Jute & jute products 177.56 172.59 151.01 179.58 104.05% 4.18 8.89 20.20 6.59 3.60 2.09% 65.05 52.35 107.56 118.70 30.12 30.32 7.57 8.05 39.28 36.72 433.70

108 R J Knitwears Ltd. Apparels (Readymade garment) 24.30 19.5 21.40 16.90 86.67% 3.38 3.27 5.17 0.88 0.74 3.79% 36.20 27.33 38.18 37.89 56.41 74.64 8.96 8.08 8.68 7.87 434.90

109 Shree Rajasthan Syntex Ltd. Cotton & blended yarn 269.69 286.36 243.65 252.77 88.27% 151.65 143.03 1.77 7.40 23.41 8.18% 24.24 23.67 46.87 42.20 28.33 35.03 8.48 8.22 47.89 37.64 435.90

110 Rainbow Denim Ltd. Denim 135.80 129.57 118.68 113.06 87.26% 132.68 124.65 0.91 7.88 7.56 5.83% 48.79 61.55 60.46 41.45 41.60 35.11 10.23 14.34 22.72 28.18 436.20

111 Auckland International Ltd. Plastic coated / polyethylene jute bags 83.89 90.63 78.77 83.24 91.85% 13.80 13.56 6.14 1.38 3.29 3.63% 15.23 12.94 37.56 42.18 37.70 47.13 3.16 4.10 27.42 28.32 437.90

112 K G Petrochem Ltd. Towels including turkish towels 55.04 62.07 43.60 53.26 85.81% 23.17 39.77 1.34 10.83 7.13 11.49% 73.31 77.15 49.72 105.12 24.20 20.87 21.84 23.87 32.75 36.45 438.40

113 Konark Synthetic Ltd. Cloth (Fabrics) 68.51 76.35 52.17 66.22 86.73% 31.98 44.71 1.48 6.69 6.74 8.83% 139.38 121.67 168.54 82.78 13.78 15.90 34.29 31.82 49.68 49.69 439.00

114 Euro Fashion Inners Intl. Pvt. Ltd. Apparels - knitted / crocheted 24.39 30.97 20.95 24.23 78.24% 3.39 3.33 7.28 1.21 1.77 5.72% 58.81 26.81 41.98 49.39 40.10 42.49 5.37 8.25 56.06 41.55 439.20

115 Simplex Mills Co. Ltd. Cotton & blended yarn 13.07 14.58 11.67 12.83 88.00% 13.73 13.22 0.97 -0.95 0.34 2.33% 19.31 21.05 27.35 49.06 28.15 18.86 17.56 17.50 26.49 23.86 439.90

116 Ginni International Ltd. Cloth (Fabrics) 233.94 267.02 198.14 224.51 84.08% 155.57 141.21 1.59 14.43 31.64 11.85% 37.45 34.84 22.86 32.18 66.45 82.75 14.21 7.89 25.99 15.73 443.00

117 Sri Vishnu Shankar Mill Ltd. Cotton yarn 97.32 162.88 78.44 107.28 65.86% 187.34 177.39 0.60 13.96 31.66 19.44% 28.77 31.14 21.91 12.07 79.86 95.35 7.15 7.33 33.07 22.92 445.50

118 Sri Kannapiran Mills Ltd. Cotton & blended yarn 149.59 145.79 132.23 120.68 82.78% 75.77 71.15 1.70 8.20 14.76 10.12% 68.72 64.29 88.71 97.97 34.05 58.12 3.69 4.90 33.33 32.59 448.10

119 Grasim Bhiwani Textiles Ltd. Man-made fabrics 255.93 282.76 171.16 205.08 72.53% 93.84 89.06 2.30 12.76 18.54 6.56% 68.16 63.29 65.85 67.35 27.31 24.19 24.64 24.62 68.02 64.17 450.40

120 Super Sales India Ltd. Cotton yarn 104.42 128.17 73.84 86.05 67.14% 92.65 102.76 0.84 19.99 41.20 32.14% 40.71 38.36 25.32 45.87 120.94 109.94 6.52 5.79 27.64 15.55 450.60

121 Damodar Threads Ltd. Cotton & blended yarn, processed 199.64 241.8 105.24 121.90 50.41% 84.33 86.77 1.40 21.26 23.65 9.78% 32.21 27.96 17.44 13.10 37.20 54.58 16.61 16.74 27.67 29.49 452.70

122 Modern Terry Towels Ltd. Terry towelling & similar woven terry fabrics 83.26 89.9 77.34 82.68 91.97% 63.91 48.46 1.71 84.75 9.37 10.42% 24.21 18.66 53.63 55.42 11.48 21.66 9.77 14.86 37.93 38.30 455.40

123 Sri Bajrang Jute Mills Ltd. Jute & jute products 66.09 91.62 63.51 85.76 93.60% 9.99 22.07 3.89 4.77 9.99 10.90% 18.25 11.75 22.50 46.69 63.80 64.86 4.59 5.67 17.30 22.28 455.70

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

Page 127: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 125www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

68 Thangavelu Spinning Mills Ltd. Cotton & blended yarn 26.48 25.84 24.32 22.15 85.72% 8.31 7.22 3.07 1.36 2.08 8.05% 41.18 37.16 40.11 34.75 5.37 18.07 18.68 20.40 36.18 30.93 375.10

69 Pioneer Spinning & Weaving Mills Ltd. Cotton yarn 34.44 40.3 29.35 34.29 85.09% 7.31 8.46 4.05 3.91 6.45 16.00% 24.32 18.79 34.95 36.10 54.37 52.68 7.48 5.78 19.60 18.89 376.10

70 Kewal Kiran Clothing Ltd. Apparels (Readymade garment) 145.40 176.34 78.75 102.19 57.95% 44.91 40.03 2.55 27.97 56.18 31.86% 67.04 46.93 50.57 51.57 22.40 21.80 28.52 21.07 77.93 56.42 377.50

71 Kadri Mills (Cbe) Ltd. Cotton yarn 175.43 173.16 156.24 151.49 87.49% 86.60 83.17 1.82 13.49 15.80 9.12% 25.42 28.00 17.98 22.48 22.56 34.67 7.05 9.65 18.02 22.29 379.70

72 Dhanlaxmi Fabrics Ltd. Cloth processed 47.05 48.48 14.47 18.32 37.79% 34.10 32.27 0.57 7.12 6.52 13.45% 59.23 78.75 66.71 80.82 38.22 41.18 8.59 6.65 43.06 32.17 380.90

73 Mynah Industries Ltd. Cloth (Fabrics) 166.93 270.28 7.90 21.26 7.87% 16.09 20.57 1.03 7.52 12.86 4.76% 43.55 41.48 10.03 13.78 61.97 50.82 19.91 8.73 11.24 23.03 384.10

74 Jaimurugan Textiles Ltd. Cotton yarn 26.01 32.55 22.15 26.86 82.52% 13.44 12.34 2.18 3.07 3.75 11.52% 88.90 97.39 178.83 84.06 32.33 33.69 8.38 8.57 66.51 39.47 384.30

75 Mafatlal Denim Ltd. Denim 109.61 154.11 96.54 130.45 84.65% 102.15 92.12 1.42 0.95 19.10 12.39% 59.96 59.18 46.04 36.74 22.75 20.88 19.88 18.03 54.91 40.25 385.90

76 Deepak Spinners Ltd. Cellulose acetate yarn 141.53 211.24 118.69 186.41 88.25% 91.44 75.04 2.48 8.47 3.68 1.74% 62.53 30.22 24.89 19.23 33.29 27.23 18.11 8.77 68.99 31.86 386.60

77Palani Andavar Cotton & Synthetic Spin-ners Ltd.

Cotton yarn 12.72 11.94 13.06 11.22 93.97% 15.29 14.07 0.80 0.28 0.68 5.70% 33.84 38.13 179.85 210.30 27.06 12.11 3.06 7.47 14.33 22.43 387.40

78 Prakash Woollen Mills Ltd. Blankets & travelling rugs 30.61 44.15 24.67 35.73 80.93% 19.92 20.00 1.79 4.14 6.02 13.64% 181.61 104.53 23.30 19.24 20.83 21.25 51.47 36.55 66.42 61.58 387.50

79 Sree Karpagambal Mills Ltd. Cotton & blended yarn 85.51 84.79 49.80 53.50 63.10% 35.21 32.84 1.63 4.19 8.28 9.77% 52.95 38.57 26.25 31.31 43.07 48.40 3.78 4.49 77.03 41.94 388.60

80 Celebrity Fashions Ltd. Apparels - knitted / crocheted 261.81 295.32 271.42 242.25 82.03% 107.82 98.32 2.46 -91.30 14.87 5.04% 76.48 64.61 37.50 58.64 102.91 37.05 3.56 3.81 48.07 48.56 390.20

81 Ginza Industries Ltd. Other textile articles 128.05 158.73 108.43 123.30 77.68% 108.61 100.43 1.23 13.66 25.50 16.07% 56.10 54.28 29.52 33.36 24.36 20.96 8.50 11.10 121.98 108.52 392.10

82 Volant Textile Mills Ltd. Cloth (Fabrics) 9.25 15.42 8.99 13.92 90.27% 13.24 11.98 1.16 0.24 1.33 8.63% 14.78 44.47 95.28 103.92 45.69 35.69 7.62 5.89 13.67 12.73 394.10

83 Balkrishna Synthetics Ltd. Cloth processed 32.67 34.12 30.04 28.07 82.27% 15.47 16.91 1.66 2.57 5.77 16.91% 21.15 17.52 29.15 42.36 65.54 69.86 6.27 5.06 6.57 5.33 396.30

84 Jindal Cotex Ltd. Acrylic filament yarn (AFY) 138.43 146.26 77.42 84.95 58.08% 20.33 81.01 1.05 9.83 13.22 9.04% 22.20 23.13 21.12 49.87 30.70 45.28 5.22 6.88 20.91 18.88 396.30

85 Sri Balasubramania Mills Ltd. Cotton yarn 9.23 11.08 12.42 10.85 97.92% 3.15 3.98 2.73 -2.45 0.81 7.31% 80.08 95.37 46.61 85.90 12.46 24.21 4.17 8.73 17.93 44.38 399.10

86 Silver Spark Apparel Ltd. Apparels (Readymade garment) 88.93 84.5 62.17 65.70 77.75% 51.31 54.22 1.21 8.99 12.61 14.92% 32.56 32.45 51.44 55.77 46.47 40.26 7.92 4.50 40.16 38.29 400.40

87 R M Mohite Inds. Ltd. Cotton yarn 106.62 106.3 88.71 84.85 79.82% 75.83 69.52 1.22 15.75 21.82 20.53% 87.62 110.05 24.79 6.49 34.58 35.81 18.36 21.38 48.02 54.25 400.50

88 Mahalaxmi Rubtech Ltd. Cloth processed 82.42 88.72 75.58 76.19 85.88% 42.51 42.57 1.79 6.81 11.70 13.19% 31.90 74.00 72.78 114.18 20.39 35.06 7.28 9.82 18.22 26.48 401.20

89 Jasch Industries Ltd. Coated / laminated textile fabrics 51.71 65.6 44.33 55.17 84.10% 19.19 19.21 2.87 5.69 6.19 9.44% 77.56 76.55 58.50 72.32 63.94 52.53 12.00 8.92 26.01 19.75 402.30

90 Subhash Polytex Ltd. Acrylic filament yarn (AFY) 33.54 37.09 33.22 32.61 87.92% 4.96 7.28 4.48 1.40 1.62 4.37% 21.49 49.75 86.42 92.10 26.95 23.02 4.77 5.09 59.38 62.74 402.80

91 Kamadgiri Fashion Ltd. Cloth (Fabrics) 82.44 105.31 42.60 63.91 60.69% 14.70 17.83 3.58 4.34 6.76 6.42% 52.97 60.68 91.22 60.31 52.92 33.97 10.83 13.91 29.56 40.89 403.00

92 Vardhman Acrylics Ltd. Acrylic fibre 240.00 269.27 166.23 150.05 55.72% 126.04 115.50 1.30 20.56 68.38 25.39% 2.50 3.00 17.84 49.15 51.68 79.92 3.35 3.86 8.87 7.93 403.50

93 Anjani Dham Inds. Ltd. Cloth (Fabrics) 169.11 227.58 161.39 205.88 90.46% 23.36 21.59 9.54 12.34 11.19 4.92% 56.37 66.04 73.79 61.01 37.47 29.68 15.89 10.11 47.55 39.75 405.00

94 Shital Fibres Ltd. Blankets & travelling rugs 98.97 117.78 84.46 99.90 84.82% 32.92 55.55 1.80 8.40 11.70 9.93% 84.71 84.68 97.98 80.04 111.62 72.67 14.52 5.49 22.55 11.65 405.50

95 Uniroyal Industries Ltd. Textile labels, badges, etc. 9.27 10.48 4.84 5.53 52.77% 13.27 12.77 0.43 2.38 4.01 38.26% 123.11 80.55 77.71 87.34 128.77 108.94 4.34 2.94 19.43 3.86 406.00

96 Ganesha Ecosphere Ltd. Textured yarn of synthetic filament yarn 135.50 198.94 112.72 151.07 75.94% 61.44 57.79 2.61 16.48 23.46 11.79% 23.01 20.61 33.16 26.16 50.42 41.94 13.76 10.65 46.51 29.94 407.20

97 Anjani Synthetics Ltd. Cloth (Fabrics) 212.17 222.12 177.85 157.59 70.95% 14.69 12.86 12.25 12.27 12.23 5.51% 88.42 93.91 48.85 71.39 32.16 43.85 8.97 11.44 32.94 34.24 407.30

98 Arex Industries Ltd. Textile labels, badges, etc. 17.09 21.91 9.22 11.16 50.94% 20.20 26.97 0.41 5.71 7.86 35.87% 91.46 75.06 16.33 14.93 94.05 81.61 10.25 9.30 31.62 27.20 408.30

99 Orbit Exports Ltd. Cloth (Fabrics) 43.94 61.62 38.81 50.98 82.73% 4.35 8.56 5.96 3.09 6.57 10.66% 34.42 38.08 19.03 22.50 39.87 29.11 14.63 12.47 89.82 68.73 411.10

100 Veejay Terry Products Ltd. Cotton yarn 14.00 16.06 11.19 11.76 73.23% 16.13 13.96 0.84 1.75 3.62 22.54% 26.59 15.80 47.82 36.26 35.73 58.28 7.03 8.65 10.32 13.96 412.00

101 P M P Textiles Spg. Mills Ltd. Cotton yarn 25.52 32.85 20.93 24.57 74.79% 27.87 26.77 0.92 2.26 7.32 22.28% 3.71 11.59 160.00 157.37 20.21 37.83 7.03 7.04 30.21 15.66 412.40

102 Lakshmi Mills Co. Ltd. Cotton & blended yarn 104.32 134.77 87.98 109.41 81.18% 169.38 74.60 1.47 9.07 15.68 11.63% 38.01 30.79 61.42 50.90 42.68 35.50 8.58 8.29 51.49 36.14 414.90

103 Jindal Worldwide Ltd. Denim 184.38 288.73 158.46 237.25 82.17% 82.29 81.53 2.91 17.95 23.27 8.06% 42.78 29.84 74.08 52.29 75.18 47.05 14.61 8.83 31.80 20.37 418.30

104 Maris Spinners Ltd. Cotton yarn 60.51 66.25 49.92 53.84 81.27% 25.48 21.39 2.52 6.51 11.23 16.95% 54.79 45.96 41.17 40.72 121.30 103.43 5.33 5.78 14.27 14.53 426.40

105 Sri Venkatesa Mills Ltd. Cotton & blended yarn 13.34 19.61 10.62 16.03 81.74% 6.30 9.64 1.66 2.47 4.16 21.21% 17.15 16.76 110.00 72.96 15.14 34.25 11.73 15.24 20.44 23.71 430.90

106 Ambadi Enterprises Ltd. Textiles 65.64 61.21 32.32 30.49 49.81% 10.88 9.61 3.17 3.32 6.69 10.93% 52.65 58.68 55.48 55.35 44.35 87.50 0.93 1.27 37.67 45.35 431.30

107 Ganges Manufacturing Co. Ltd. Jute & jute products 177.56 172.59 151.01 179.58 104.05% 4.18 8.89 20.20 6.59 3.60 2.09% 65.05 52.35 107.56 118.70 30.12 30.32 7.57 8.05 39.28 36.72 433.70

108 R J Knitwears Ltd. Apparels (Readymade garment) 24.30 19.5 21.40 16.90 86.67% 3.38 3.27 5.17 0.88 0.74 3.79% 36.20 27.33 38.18 37.89 56.41 74.64 8.96 8.08 8.68 7.87 434.90

109 Shree Rajasthan Syntex Ltd. Cotton & blended yarn 269.69 286.36 243.65 252.77 88.27% 151.65 143.03 1.77 7.40 23.41 8.18% 24.24 23.67 46.87 42.20 28.33 35.03 8.48 8.22 47.89 37.64 435.90

110 Rainbow Denim Ltd. Denim 135.80 129.57 118.68 113.06 87.26% 132.68 124.65 0.91 7.88 7.56 5.83% 48.79 61.55 60.46 41.45 41.60 35.11 10.23 14.34 22.72 28.18 436.20

111 Auckland International Ltd. Plastic coated / polyethylene jute bags 83.89 90.63 78.77 83.24 91.85% 13.80 13.56 6.14 1.38 3.29 3.63% 15.23 12.94 37.56 42.18 37.70 47.13 3.16 4.10 27.42 28.32 437.90

112 K G Petrochem Ltd. Towels including turkish towels 55.04 62.07 43.60 53.26 85.81% 23.17 39.77 1.34 10.83 7.13 11.49% 73.31 77.15 49.72 105.12 24.20 20.87 21.84 23.87 32.75 36.45 438.40

113 Konark Synthetic Ltd. Cloth (Fabrics) 68.51 76.35 52.17 66.22 86.73% 31.98 44.71 1.48 6.69 6.74 8.83% 139.38 121.67 168.54 82.78 13.78 15.90 34.29 31.82 49.68 49.69 439.00

114 Euro Fashion Inners Intl. Pvt. Ltd. Apparels - knitted / crocheted 24.39 30.97 20.95 24.23 78.24% 3.39 3.33 7.28 1.21 1.77 5.72% 58.81 26.81 41.98 49.39 40.10 42.49 5.37 8.25 56.06 41.55 439.20

115 Simplex Mills Co. Ltd. Cotton & blended yarn 13.07 14.58 11.67 12.83 88.00% 13.73 13.22 0.97 -0.95 0.34 2.33% 19.31 21.05 27.35 49.06 28.15 18.86 17.56 17.50 26.49 23.86 439.90

116 Ginni International Ltd. Cloth (Fabrics) 233.94 267.02 198.14 224.51 84.08% 155.57 141.21 1.59 14.43 31.64 11.85% 37.45 34.84 22.86 32.18 66.45 82.75 14.21 7.89 25.99 15.73 443.00

117 Sri Vishnu Shankar Mill Ltd. Cotton yarn 97.32 162.88 78.44 107.28 65.86% 187.34 177.39 0.60 13.96 31.66 19.44% 28.77 31.14 21.91 12.07 79.86 95.35 7.15 7.33 33.07 22.92 445.50

118 Sri Kannapiran Mills Ltd. Cotton & blended yarn 149.59 145.79 132.23 120.68 82.78% 75.77 71.15 1.70 8.20 14.76 10.12% 68.72 64.29 88.71 97.97 34.05 58.12 3.69 4.90 33.33 32.59 448.10

119 Grasim Bhiwani Textiles Ltd. Man-made fabrics 255.93 282.76 171.16 205.08 72.53% 93.84 89.06 2.30 12.76 18.54 6.56% 68.16 63.29 65.85 67.35 27.31 24.19 24.64 24.62 68.02 64.17 450.40

120 Super Sales India Ltd. Cotton yarn 104.42 128.17 73.84 86.05 67.14% 92.65 102.76 0.84 19.99 41.20 32.14% 40.71 38.36 25.32 45.87 120.94 109.94 6.52 5.79 27.64 15.55 450.60

121 Damodar Threads Ltd. Cotton & blended yarn, processed 199.64 241.8 105.24 121.90 50.41% 84.33 86.77 1.40 21.26 23.65 9.78% 32.21 27.96 17.44 13.10 37.20 54.58 16.61 16.74 27.67 29.49 452.70

122 Modern Terry Towels Ltd. Terry towelling & similar woven terry fabrics 83.26 89.9 77.34 82.68 91.97% 63.91 48.46 1.71 84.75 9.37 10.42% 24.21 18.66 53.63 55.42 11.48 21.66 9.77 14.86 37.93 38.30 455.40

123 Sri Bajrang Jute Mills Ltd. Jute & jute products 66.09 91.62 63.51 85.76 93.60% 9.99 22.07 3.89 4.77 9.99 10.90% 18.25 11.75 22.50 46.69 63.80 64.86 4.59 5.67 17.30 22.28 455.70

TEXTILESsmall manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

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PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com126 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

124 Ashnoor Textile Mills Ltd. Terry towelling & similar woven terry fabrics 36.95 30.42 29.08 22.58 74.23% 14.49 13.65 1.65 4.12 3.28 10.78% 53.98 68.59 61.97 48.44 21.86 33.47 26.56 31.46 72.47 56.16 456.00

125 Nitin Spinners Ltd. Cotton yarn 262.26 299.27 224.48 253.19 84.60% 313.17 295.08 0.86 9.83 33.34 11.14% 18.76 15.03 33.99 9.56 65.91 82.63 8.87 5.49 20.30 16.04 456.50

126 Sri Ramiah Spinners Ltd. Cotton yarn 28.23 34.5 24.58 25.83 74.87% 15.28 13.28 1.95 1.52 3.68 10.67% 44.74 37.79 10.20 21.38 60.99 95.92 7.92 8.19 29.25 23.41 457.40

127 Entremonde Polyecoaters Ltd. Coated / laminated textile fabrics 40.29 31.89 34.56 27.99 87.77% 7.15 7.19 3.89 3.11 2.12 6.65% 53.17 64.78 29.81 39.08 52.13 63.99 10.75 15.67 17.46 23.61 457.80

128 Sree Akkamamba Textiles Ltd. Cotton yarn 82.08 95.7 67.35 74.63 77.98% 81.91 76.94 0.97 10.67 17.00 17.76% 30.12 30.10 40.57 65.66 60.25 82.27 9.19 7.46 21.01 14.18 458.10

129 Parani Spinning Mills Pvt. Ltd. Cotton yarn 45.29 47.79 40.08 39.12 81.86% 24.27 21.10 1.85 6.40 7.73 16.17% 35.15 33.30 35.42 35.57 51.54 85.11 7.08 9.97 19.75 18.93 460.60

130 Hind Syntex Ltd.Synthetic filament yarn other than sewing threads

61.92 73.82 58.32 67.48 91.41% 41.95 38.27 1.76 -1.22 2.98 4.04% 14.65 14.81 33.64 26.81 40.07 38.60 13.80 11.37 41.02 23.53 462.00

131 Suryajyoti Spinning Mills Ltd. Cotton yarn 207.28 267.25 166.58 195.96 73.32% 121.95 273.07 0.72 22.24 31.76 11.88% 47.52 36.46 75.45 62.02 43.22 51.04 9.59 12.36 18.15 22.98 462.60

132 Pasupati Spinning & Wvg. Mills Ltd.Synthetic filament yarn other than sewing threads

99.44 84.09 78.71 70.90 84.31% 51.15 48.18 1.47 80.20 2.84 3.38% 91.65 89.89 88.26 111.62 13.60 13.93 9.77 15.96 73.58 88.83 463.40

133 D C M Ltd. Cotton & blended yarn 213.66 238.39 183.42 206.17 86.48% 74.86 69.48 2.97 22.92 74.42 31.22% 325.33 237.09 138.32 118.76 139.45 154.16 4.82 5.10 15.97 13.45 463.90

134 Usha Yarns Ltd. Cotton yarn 13.09 12.24 11.81 11.19 91.42% 5.46 8.47 1.32 0.93 1.56 12.75% 13.37 15.51 8.49 22.55 69.99 83.27 3.64 3.54 6.40 20.04 467.30

135 Sambandam Spinning Mills Ltd. Cotton yarn 116.87 141.59 97.09 109.32 77.21% 193.24 183.76 0.59 18.36 30.01 21.19% 62.58 48.01 50.01 59.79 62.73 22.51 26.00 24.74 51.50 94.56 471.10

136 Sri Ram Spinning Mills Ltd. Cotton yarn 23.00 36.61 19.63 20.61 56.30% 16.55 15.32 1.35 2.22 3.51 9.59% 32.27 25.85 64.52 18.98 83.08 92.01 8.61 9.37 30.35 19.03 473.20

137 Sree Vadivambigai Textile Mills Ltd. Cotton yarn 20.74 18.22 18.37 17.23 94.57% 5.28 4.81 3.58 0.03 0.05 0.27% 21.98 37.50 39.41 46.81 29.30 28.83 15.45 16.58 49.79 44.67 475.40

138 S T Cottex Exports Pvt. Ltd. Cotton & blended yarn 205.36 220.81 166.89 182.73 82.75% 88.49 96.83 1.89 26.22 28.15 12.75% 10.48 10.89 12.69 26.63 134.00 126.49 2.89 3.20 7.36 10.27 476.70

139 Shree Gouri Shankar Jute Mills Ltd. Jute & other vegetable fibres 37.30 50.43 37.37 52.58 104.26% 2.32 2.54 20.70 0.34 0.90 1.78% 36.62 18.97 141.06 128.12 21.71 27.86 4.45 4.51 38.12 56.33 476.80

140 Naffar Chandra Jute Mills Ltd. Jute & jute products 105.01 110.9 94.36 114.01 102.80% 19.25 18.27 6.24 3.93 3.14 2.83% 18.97 16.19 81.59 82.91 24.43 25.14 9.49 8.48 47.64 48.03 477.10

141 Zodiac Clothing Co. Ltd. Apparels (Readymade garment) 276.49 275.4 174.64 178.31 64.75% 48.58 50.54 3.53 29.25 38.35 13.93% 28.08 31.13 56.20 45.04 85.96 83.13 5.51 5.75 50.56 54.02 478.00

142 Shriganesh Texfab Ltd. Cloth processed 19.60 18.32 17.98 16.44 89.74% 3.34 7.30 2.25 1.30 1.60 8.73% 62.29 72.82 67.61 59.13 78.42 92.73 0.88 2.48 23.85 33.71 478.90

143 Sarla Performance Fibres Ltd. Textured yarn of synthetic filament yarn 121.49 131.7 92.83 88.04 66.85% 50.82 58.97 1.49 19.17 22.87 17.37% 102.17 94.88 71.21 76.26 61.58 68.18 14.50 15.84 37.59 38.23 481.20

144 L N Industries India Ltd. Textured yarn of synthetic filament yarn 15.56 40.56 15.38 33.58 82.79% 41.95 38.54 0.87 0.30 23.09 56.93% 244.16 124.40 135.45 60.59 102.66 38.62 115.07 40.48 164.15 50.14 482.50

145 Shree Mahadeo Cotton Mills Ltd. Cloth (Fabrics) 24.99 29.64 19.87 24.01 81.01% 4.29 7.34 3.27 1.57 1.71 5.77% 44.97 33.13 43.06 78.91 23.42 25.87 34.34 32.22 35.04 39.38 482.60

146 Suditi Industries Ltd. Cloth processed 23.04 30.38 20.91 25.82 84.99% 6.05 6.17 4.18 1.23 1.77 5.83% 85.84 75.69 164.20 111.48 38.21 58.66 13.85 17.13 14.98 17.96 483.00

147 Cheema Spintex Ltd. Cotton yarn 92.52 90.53 63.83 66.26 73.19% 44.03 37.45 1.77 -1.47 3.33 3.68% 67.99 80.78 46.13 112.61 67.73 117.04 6.45 6.44 7.76 7.85 484.50

148 Indus-League Clothing Ltd. Apparels (Readymade garment) 228.04 229.52 159.69 129.91 56.60% 27.66 28.53 4.55 18.53 19.61 8.54% 121.31 158.17 76.99 79.69 35.76 35.30 32.89 33.40 161.07 156.10 485.40

149 Modern Threads (India) Ltd. Cotton & blended yarn 84.79 77.05 70.03 65.71 85.28% 42.43 38.79 1.69 140.63 14.32 18.59% 33.54 33.85 123.27 134.57 27.31 25.75 14.38 17.17 46.52 53.44 485.90

150 Agrawal Indotex Ltd. Polyester filament yarn (PFY) 62.91 81.35 59.51 68.08 83.69% 52.96 54.03 1.26 10.09 9.93 12.21% 23.28 25.08 18.16 61.11 26.97 16.20 34.91 43.82 53.92 55.27 487.20

151 P B M Polytex Ltd. Cotton & blended yarn 139.48 150.54 117.70 125.93 83.65% 68.72 62.80 2.01 11.24 16.40 10.89% 20.47 22.22 14.12 15.75 90.43 119.78 7.17 6.85 21.79 17.36 487.50

152 Garware Marine Inds. Ltd. Fishing nets 11.65 12.2 8.58 9.50 77.87% 3.72 3.50 2.71 2.58 1.42 11.64% 140.83 157.67 66.79 79.73 50.69 38.45 44.65 29.35 96.95 82.37 488.30

153 Suryavanshi Spinning Mills Ltd. Cotton & blended yarn 157.58 184.91 141.05 154.55 83.58% 81.85 77.44 2.00 3.47 18.72 10.12% 34.27 26.93 40.57 62.78 41.01 63.93 10.77 9.30 35.25 27.74 494.90

154 Annur Satya Textile Ltd. Cotton yarn 15.79 21.1 13.58 16.41 77.77% 19.42 19.05 0.86 1.15 4.05 19.19% 26.09 28.94 19.04 21.69 117.02 113.33 12.64 9.60 27.92 16.66 495.40

155 V T M Ltd. Cloth (Fabrics) 93.35 81.27 71.56 65.06 80.05% 53.31 47.37 1.37 11.16 12.28 15.11% 38.26 50.52 12.01 23.30 45.74 53.92 22.42 18.07 73.82 57.61 495.80

156 Hotz Industries Ltd. Cotton & blended yarn, processed 30.87 24.22 25.43 23.01 95.00% 39.41 39.02 0.59 3.43 0.66 2.73% 73.26 86.57 46.44 71.73 38.71 41.96 3.33 12.34 16.79 28.33 496.40

157 Katare Spinning Mills Ltd. Cotton yarn 29.34 35.79 14.97 14.76 41.24% 18.82 18.04 0.82 1.90 3.04 8.49% 11.77 10.00 49.99 53.02 26.93 95.50 8.20 4.73 19.02 15.49 497.10

158 Guhan Textile Mills Pvt. Ltd. Cotton yarn 36.33 39.98 30.78 32.41 81.07% 19.01 15.62 2.07 3.37 6.72 16.81% 49.80 47.40 59.67 72.61 83.82 98.37 9.51 10.53 23.41 17.62 498.40

159 Shiva Texyarn Ltd. Cotton yarn 97.57 193.4 66.64 154.76 80.02% 211.81 273.63 0.57 17.46 32.88 17.00% 49.27 41.24 99.11 36.37 129.83 96.83 8.68 8.68 25.41 23.31 499.40

160 Cheviot Co. Ltd. Jute yarn 188.52 175.97 138.06 147.67 83.92% 101.08 98.99 1.49 23.29 25.87 14.70% 21.90 22.34 24.62 20.50 68.60 85.86 6.58 7.94 31.21 32.63 500.20

161 Sky Industries Ltd. Rubberised textile fabrics (elastic tapes) 60.99 63.91 43.77 42.45 66.42% 19.88 17.39 2.44 5.39 9.36 14.65% 70.71 67.48 95.53 60.00 49.00 60.71 29.90 24.94 71.76 48.24 501.30

162 Digjam Ltd. Wool & woollen textiles 140.54 187.11 97.79 135.24 72.28% 62.18 54.85 2.47 4.50 63.22 33.79% 88.71 58.09 125.96 97.71 49.75 36.05 61.75 45.34 116.22 76.22 501.90

163 India Denim Ltd. Cotton yarn 5.97 34.55 5.61 34.06 98.58% 11.27 40.85 0.83 1.00 4.34 12.56% 37.60 60.24 305.08 120.45 24.87 24.98 51.21 21.23 60.52 47.22 507.00

164 Salona Cotspin Ltd. Cotton yarn 48.97 54.91 39.16 43.35 78.95% 29.07 37.13 1.17 7.95 9.74 17.74% 44.34 44.19 10.25 29.90 77.07 116.67 10.05 10.16 24.84 24.21 507.50

165 Addi Industries Ltd. Apparels - knitted / crocheted 22.73 23.82 17.46 19.01 79.81% 10.06 9.84 1.93 1.40 1.14 4.79% 46.97 55.85 23.12 54.07 89.68 70.17 6.15 6.73 53.12 59.89 508.50

166 Gnanambikai Mills Ltd. Cotton yarn 17.08 20.06 15.26 15.66 78.07% 11.40 10.70 1.46 0.97 3.49 17.40% 32.85 32.43 74.73 68.84 50.57 76.30 12.09 12.76 30.02 25.59 510.10

167 Virat Industries Ltd. Apparels - knitted / crocheted 13.76 13.51 9.11 10.07 74.54% 5.72 6.15 1.64 3.38 3.10 22.95% 23.80 24.95 29.35 52.82 61.96 85.09 6.48 6.70 29.70 49.63 510.40

168 Sri Vasudeva Textiles Ltd. Cotton yarn 44.76 49.95 38.03 37.27 74.61% 36.26 30.79 1.21 7.46 9.42 18.86% 38.63 32.23 36.58 95.43 36.32 39.47 9.65 12.10 77.91 72.79 511.70

169 Cheslind Textiles Ltd. Cotton yarn 120.77 138.39 98.83 105.04 75.90% 101.08 91.56 1.15 -15.67 15.31 11.06% 56.89 32.91 74.20 38.74 77.65 85.29 8.18 9.94 40.38 29.92 513.20

170 Vanasthali Textile Inds. Ltd. Towels including turkish towels 54.67 90.17 52.29 39.30 43.58% 51.59 47.63 0.83 -7.41 13.33 14.78% 65.53 51.83 174.66 188.38 35.32 31.22 21.16 18.89 140.33 95.06 513.70

171 H P Cotton Textile Mills Ltd. Cotton yarn 52.33 60.88 38.98 48.44 79.57% 13.42 12.59 3.85 2.89 3.66 6.01% 24.96 25.42 50.93 51.22 75.43 82.85 3.50 3.88 71.23 50.56 516.20

172 Sree Satyanarayana Spg. Mills Ltd. Cotton yarn 20.13 33.11 19.62 20.93 63.21% 1.71 3.03 6.91 2.06 7.32 22.11% 32.80 18.99 44.43 31.72 85.59 88.30 15.79 10.36 109.93 63.17 517.20

173 Hooghly Mills Projects Ltd. Jute & jute products 386.58 165.59 389.72 135.51 81.83% 65.43 12.57 10.78 -9.16 47.89 28.92% 66.93 188.68 149.24 101.33 55.77 96.55 8.29 12.52 32.27 40.73 519.40

174 Richa Industries Ltd. Cloth processed 147.71 174.5 115.96 149.82 85.86% 84.31 110.91 1.35 25.11 21.01 12.04% 70.13 78.44 42.41 62.92 149.76 134.99 17.76 8.95 20.55 15.11 520.00

175 Sri Lakshmi Saraswathi Textiles (Arni) Ltd. Cotton yarn 69.95 78.8 56.99 62.59 79.43% 23.73 24.35 2.57 4.14 5.24 6.65% 44.50 41.99 35.78 55.60 93.18 102.55 7.90 8.13 49.82 28.89 521.10

176 Shree Bharka Synthetics Ltd. Cloth (Fabrics) 58.81 56.16 49.81 45.72 81.41% 18.24 14.00 3.27 5.48 5.61 9.99% 56.88 56.54 26.85 35.38 44.92 44.73 32.61 42.15 77.72 84.29 522.20

177 Southern Spinners & Processors Ltd. Cotton yarn 33.47 42.05 30.88 39.21 93.25% 7.21 6.42 6.11 -1.22 1.26 3.00% 34.26 30.87 18.79 27.59 66.17 99.27 4.18 3.93 39.14 34.99 523.10

178 Kamarhatty Co. Ltd. Jute & jute products 116.05 86.04 107.33 82.27 95.62% 19.10 18.26 4.51 6.30 4.95 5.75% 34.66 54.84 82.38 135.36 27.50 50.67 5.76 9.42 24.74 43.68 524.40

179 Reliance Chemotex Inds. Ltd. Cotton & blended yarn 135.28 165.73 110.41 136.71 82.49% 59.33 70.24 1.95 7.47 14.85 8.96% 10.02 8.45 60.23 61.66 36.48 42.36 20.09 16.28 42.84 35.02 525.30

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 127www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

124 Ashnoor Textile Mills Ltd. Terry towelling & similar woven terry fabrics 36.95 30.42 29.08 22.58 74.23% 14.49 13.65 1.65 4.12 3.28 10.78% 53.98 68.59 61.97 48.44 21.86 33.47 26.56 31.46 72.47 56.16 456.00

125 Nitin Spinners Ltd. Cotton yarn 262.26 299.27 224.48 253.19 84.60% 313.17 295.08 0.86 9.83 33.34 11.14% 18.76 15.03 33.99 9.56 65.91 82.63 8.87 5.49 20.30 16.04 456.50

126 Sri Ramiah Spinners Ltd. Cotton yarn 28.23 34.5 24.58 25.83 74.87% 15.28 13.28 1.95 1.52 3.68 10.67% 44.74 37.79 10.20 21.38 60.99 95.92 7.92 8.19 29.25 23.41 457.40

127 Entremonde Polyecoaters Ltd. Coated / laminated textile fabrics 40.29 31.89 34.56 27.99 87.77% 7.15 7.19 3.89 3.11 2.12 6.65% 53.17 64.78 29.81 39.08 52.13 63.99 10.75 15.67 17.46 23.61 457.80

128 Sree Akkamamba Textiles Ltd. Cotton yarn 82.08 95.7 67.35 74.63 77.98% 81.91 76.94 0.97 10.67 17.00 17.76% 30.12 30.10 40.57 65.66 60.25 82.27 9.19 7.46 21.01 14.18 458.10

129 Parani Spinning Mills Pvt. Ltd. Cotton yarn 45.29 47.79 40.08 39.12 81.86% 24.27 21.10 1.85 6.40 7.73 16.17% 35.15 33.30 35.42 35.57 51.54 85.11 7.08 9.97 19.75 18.93 460.60

130 Hind Syntex Ltd.Synthetic filament yarn other than sewing threads

61.92 73.82 58.32 67.48 91.41% 41.95 38.27 1.76 -1.22 2.98 4.04% 14.65 14.81 33.64 26.81 40.07 38.60 13.80 11.37 41.02 23.53 462.00

131 Suryajyoti Spinning Mills Ltd. Cotton yarn 207.28 267.25 166.58 195.96 73.32% 121.95 273.07 0.72 22.24 31.76 11.88% 47.52 36.46 75.45 62.02 43.22 51.04 9.59 12.36 18.15 22.98 462.60

132 Pasupati Spinning & Wvg. Mills Ltd.Synthetic filament yarn other than sewing threads

99.44 84.09 78.71 70.90 84.31% 51.15 48.18 1.47 80.20 2.84 3.38% 91.65 89.89 88.26 111.62 13.60 13.93 9.77 15.96 73.58 88.83 463.40

133 D C M Ltd. Cotton & blended yarn 213.66 238.39 183.42 206.17 86.48% 74.86 69.48 2.97 22.92 74.42 31.22% 325.33 237.09 138.32 118.76 139.45 154.16 4.82 5.10 15.97 13.45 463.90

134 Usha Yarns Ltd. Cotton yarn 13.09 12.24 11.81 11.19 91.42% 5.46 8.47 1.32 0.93 1.56 12.75% 13.37 15.51 8.49 22.55 69.99 83.27 3.64 3.54 6.40 20.04 467.30

135 Sambandam Spinning Mills Ltd. Cotton yarn 116.87 141.59 97.09 109.32 77.21% 193.24 183.76 0.59 18.36 30.01 21.19% 62.58 48.01 50.01 59.79 62.73 22.51 26.00 24.74 51.50 94.56 471.10

136 Sri Ram Spinning Mills Ltd. Cotton yarn 23.00 36.61 19.63 20.61 56.30% 16.55 15.32 1.35 2.22 3.51 9.59% 32.27 25.85 64.52 18.98 83.08 92.01 8.61 9.37 30.35 19.03 473.20

137 Sree Vadivambigai Textile Mills Ltd. Cotton yarn 20.74 18.22 18.37 17.23 94.57% 5.28 4.81 3.58 0.03 0.05 0.27% 21.98 37.50 39.41 46.81 29.30 28.83 15.45 16.58 49.79 44.67 475.40

138 S T Cottex Exports Pvt. Ltd. Cotton & blended yarn 205.36 220.81 166.89 182.73 82.75% 88.49 96.83 1.89 26.22 28.15 12.75% 10.48 10.89 12.69 26.63 134.00 126.49 2.89 3.20 7.36 10.27 476.70

139 Shree Gouri Shankar Jute Mills Ltd. Jute & other vegetable fibres 37.30 50.43 37.37 52.58 104.26% 2.32 2.54 20.70 0.34 0.90 1.78% 36.62 18.97 141.06 128.12 21.71 27.86 4.45 4.51 38.12 56.33 476.80

140 Naffar Chandra Jute Mills Ltd. Jute & jute products 105.01 110.9 94.36 114.01 102.80% 19.25 18.27 6.24 3.93 3.14 2.83% 18.97 16.19 81.59 82.91 24.43 25.14 9.49 8.48 47.64 48.03 477.10

141 Zodiac Clothing Co. Ltd. Apparels (Readymade garment) 276.49 275.4 174.64 178.31 64.75% 48.58 50.54 3.53 29.25 38.35 13.93% 28.08 31.13 56.20 45.04 85.96 83.13 5.51 5.75 50.56 54.02 478.00

142 Shriganesh Texfab Ltd. Cloth processed 19.60 18.32 17.98 16.44 89.74% 3.34 7.30 2.25 1.30 1.60 8.73% 62.29 72.82 67.61 59.13 78.42 92.73 0.88 2.48 23.85 33.71 478.90

143 Sarla Performance Fibres Ltd. Textured yarn of synthetic filament yarn 121.49 131.7 92.83 88.04 66.85% 50.82 58.97 1.49 19.17 22.87 17.37% 102.17 94.88 71.21 76.26 61.58 68.18 14.50 15.84 37.59 38.23 481.20

144 L N Industries India Ltd. Textured yarn of synthetic filament yarn 15.56 40.56 15.38 33.58 82.79% 41.95 38.54 0.87 0.30 23.09 56.93% 244.16 124.40 135.45 60.59 102.66 38.62 115.07 40.48 164.15 50.14 482.50

145 Shree Mahadeo Cotton Mills Ltd. Cloth (Fabrics) 24.99 29.64 19.87 24.01 81.01% 4.29 7.34 3.27 1.57 1.71 5.77% 44.97 33.13 43.06 78.91 23.42 25.87 34.34 32.22 35.04 39.38 482.60

146 Suditi Industries Ltd. Cloth processed 23.04 30.38 20.91 25.82 84.99% 6.05 6.17 4.18 1.23 1.77 5.83% 85.84 75.69 164.20 111.48 38.21 58.66 13.85 17.13 14.98 17.96 483.00

147 Cheema Spintex Ltd. Cotton yarn 92.52 90.53 63.83 66.26 73.19% 44.03 37.45 1.77 -1.47 3.33 3.68% 67.99 80.78 46.13 112.61 67.73 117.04 6.45 6.44 7.76 7.85 484.50

148 Indus-League Clothing Ltd. Apparels (Readymade garment) 228.04 229.52 159.69 129.91 56.60% 27.66 28.53 4.55 18.53 19.61 8.54% 121.31 158.17 76.99 79.69 35.76 35.30 32.89 33.40 161.07 156.10 485.40

149 Modern Threads (India) Ltd. Cotton & blended yarn 84.79 77.05 70.03 65.71 85.28% 42.43 38.79 1.69 140.63 14.32 18.59% 33.54 33.85 123.27 134.57 27.31 25.75 14.38 17.17 46.52 53.44 485.90

150 Agrawal Indotex Ltd. Polyester filament yarn (PFY) 62.91 81.35 59.51 68.08 83.69% 52.96 54.03 1.26 10.09 9.93 12.21% 23.28 25.08 18.16 61.11 26.97 16.20 34.91 43.82 53.92 55.27 487.20

151 P B M Polytex Ltd. Cotton & blended yarn 139.48 150.54 117.70 125.93 83.65% 68.72 62.80 2.01 11.24 16.40 10.89% 20.47 22.22 14.12 15.75 90.43 119.78 7.17 6.85 21.79 17.36 487.50

152 Garware Marine Inds. Ltd. Fishing nets 11.65 12.2 8.58 9.50 77.87% 3.72 3.50 2.71 2.58 1.42 11.64% 140.83 157.67 66.79 79.73 50.69 38.45 44.65 29.35 96.95 82.37 488.30

153 Suryavanshi Spinning Mills Ltd. Cotton & blended yarn 157.58 184.91 141.05 154.55 83.58% 81.85 77.44 2.00 3.47 18.72 10.12% 34.27 26.93 40.57 62.78 41.01 63.93 10.77 9.30 35.25 27.74 494.90

154 Annur Satya Textile Ltd. Cotton yarn 15.79 21.1 13.58 16.41 77.77% 19.42 19.05 0.86 1.15 4.05 19.19% 26.09 28.94 19.04 21.69 117.02 113.33 12.64 9.60 27.92 16.66 495.40

155 V T M Ltd. Cloth (Fabrics) 93.35 81.27 71.56 65.06 80.05% 53.31 47.37 1.37 11.16 12.28 15.11% 38.26 50.52 12.01 23.30 45.74 53.92 22.42 18.07 73.82 57.61 495.80

156 Hotz Industries Ltd. Cotton & blended yarn, processed 30.87 24.22 25.43 23.01 95.00% 39.41 39.02 0.59 3.43 0.66 2.73% 73.26 86.57 46.44 71.73 38.71 41.96 3.33 12.34 16.79 28.33 496.40

157 Katare Spinning Mills Ltd. Cotton yarn 29.34 35.79 14.97 14.76 41.24% 18.82 18.04 0.82 1.90 3.04 8.49% 11.77 10.00 49.99 53.02 26.93 95.50 8.20 4.73 19.02 15.49 497.10

158 Guhan Textile Mills Pvt. Ltd. Cotton yarn 36.33 39.98 30.78 32.41 81.07% 19.01 15.62 2.07 3.37 6.72 16.81% 49.80 47.40 59.67 72.61 83.82 98.37 9.51 10.53 23.41 17.62 498.40

159 Shiva Texyarn Ltd. Cotton yarn 97.57 193.4 66.64 154.76 80.02% 211.81 273.63 0.57 17.46 32.88 17.00% 49.27 41.24 99.11 36.37 129.83 96.83 8.68 8.68 25.41 23.31 499.40

160 Cheviot Co. Ltd. Jute yarn 188.52 175.97 138.06 147.67 83.92% 101.08 98.99 1.49 23.29 25.87 14.70% 21.90 22.34 24.62 20.50 68.60 85.86 6.58 7.94 31.21 32.63 500.20

161 Sky Industries Ltd. Rubberised textile fabrics (elastic tapes) 60.99 63.91 43.77 42.45 66.42% 19.88 17.39 2.44 5.39 9.36 14.65% 70.71 67.48 95.53 60.00 49.00 60.71 29.90 24.94 71.76 48.24 501.30

162 Digjam Ltd. Wool & woollen textiles 140.54 187.11 97.79 135.24 72.28% 62.18 54.85 2.47 4.50 63.22 33.79% 88.71 58.09 125.96 97.71 49.75 36.05 61.75 45.34 116.22 76.22 501.90

163 India Denim Ltd. Cotton yarn 5.97 34.55 5.61 34.06 98.58% 11.27 40.85 0.83 1.00 4.34 12.56% 37.60 60.24 305.08 120.45 24.87 24.98 51.21 21.23 60.52 47.22 507.00

164 Salona Cotspin Ltd. Cotton yarn 48.97 54.91 39.16 43.35 78.95% 29.07 37.13 1.17 7.95 9.74 17.74% 44.34 44.19 10.25 29.90 77.07 116.67 10.05 10.16 24.84 24.21 507.50

165 Addi Industries Ltd. Apparels - knitted / crocheted 22.73 23.82 17.46 19.01 79.81% 10.06 9.84 1.93 1.40 1.14 4.79% 46.97 55.85 23.12 54.07 89.68 70.17 6.15 6.73 53.12 59.89 508.50

166 Gnanambikai Mills Ltd. Cotton yarn 17.08 20.06 15.26 15.66 78.07% 11.40 10.70 1.46 0.97 3.49 17.40% 32.85 32.43 74.73 68.84 50.57 76.30 12.09 12.76 30.02 25.59 510.10

167 Virat Industries Ltd. Apparels - knitted / crocheted 13.76 13.51 9.11 10.07 74.54% 5.72 6.15 1.64 3.38 3.10 22.95% 23.80 24.95 29.35 52.82 61.96 85.09 6.48 6.70 29.70 49.63 510.40

168 Sri Vasudeva Textiles Ltd. Cotton yarn 44.76 49.95 38.03 37.27 74.61% 36.26 30.79 1.21 7.46 9.42 18.86% 38.63 32.23 36.58 95.43 36.32 39.47 9.65 12.10 77.91 72.79 511.70

169 Cheslind Textiles Ltd. Cotton yarn 120.77 138.39 98.83 105.04 75.90% 101.08 91.56 1.15 -15.67 15.31 11.06% 56.89 32.91 74.20 38.74 77.65 85.29 8.18 9.94 40.38 29.92 513.20

170 Vanasthali Textile Inds. Ltd. Towels including turkish towels 54.67 90.17 52.29 39.30 43.58% 51.59 47.63 0.83 -7.41 13.33 14.78% 65.53 51.83 174.66 188.38 35.32 31.22 21.16 18.89 140.33 95.06 513.70

171 H P Cotton Textile Mills Ltd. Cotton yarn 52.33 60.88 38.98 48.44 79.57% 13.42 12.59 3.85 2.89 3.66 6.01% 24.96 25.42 50.93 51.22 75.43 82.85 3.50 3.88 71.23 50.56 516.20

172 Sree Satyanarayana Spg. Mills Ltd. Cotton yarn 20.13 33.11 19.62 20.93 63.21% 1.71 3.03 6.91 2.06 7.32 22.11% 32.80 18.99 44.43 31.72 85.59 88.30 15.79 10.36 109.93 63.17 517.20

173 Hooghly Mills Projects Ltd. Jute & jute products 386.58 165.59 389.72 135.51 81.83% 65.43 12.57 10.78 -9.16 47.89 28.92% 66.93 188.68 149.24 101.33 55.77 96.55 8.29 12.52 32.27 40.73 519.40

174 Richa Industries Ltd. Cloth processed 147.71 174.5 115.96 149.82 85.86% 84.31 110.91 1.35 25.11 21.01 12.04% 70.13 78.44 42.41 62.92 149.76 134.99 17.76 8.95 20.55 15.11 520.00

175 Sri Lakshmi Saraswathi Textiles (Arni) Ltd. Cotton yarn 69.95 78.8 56.99 62.59 79.43% 23.73 24.35 2.57 4.14 5.24 6.65% 44.50 41.99 35.78 55.60 93.18 102.55 7.90 8.13 49.82 28.89 521.10

176 Shree Bharka Synthetics Ltd. Cloth (Fabrics) 58.81 56.16 49.81 45.72 81.41% 18.24 14.00 3.27 5.48 5.61 9.99% 56.88 56.54 26.85 35.38 44.92 44.73 32.61 42.15 77.72 84.29 522.20

177 Southern Spinners & Processors Ltd. Cotton yarn 33.47 42.05 30.88 39.21 93.25% 7.21 6.42 6.11 -1.22 1.26 3.00% 34.26 30.87 18.79 27.59 66.17 99.27 4.18 3.93 39.14 34.99 523.10

178 Kamarhatty Co. Ltd. Jute & jute products 116.05 86.04 107.33 82.27 95.62% 19.10 18.26 4.51 6.30 4.95 5.75% 34.66 54.84 82.38 135.36 27.50 50.67 5.76 9.42 24.74 43.68 524.40

179 Reliance Chemotex Inds. Ltd. Cotton & blended yarn 135.28 165.73 110.41 136.71 82.49% 59.33 70.24 1.95 7.47 14.85 8.96% 10.02 8.45 60.23 61.66 36.48 42.36 20.09 16.28 42.84 35.02 525.30

TEXTILESsmall manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

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PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com128 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

180 Durairaj Mills Ltd. Cotton yarn 28.84 49.03 25.40 41.59 84.83% 49.72 47.40 0.88 2.51 7.52 15.34% 64.29 41.29 36.11 44.32 129.69 91.16 7.99 9.27 44.86 30.21 525.60

181 Priyadarshini Spinning Mills Ltd.Synthetic filament yarn other than sewing threads

180.37 192.21 153.60 175.05 91.07% 127.48 120.18 1.46 12.31 13.62 7.09% 28.78 32.17 84.28 93.94 24.86 17.39 30.89 31.78 64.29 63.52 526.80

182 Siddhartha Super Spg. Mills Ltd.Synthetic filament yarn other than sewing threads

45.14 42.51 41.84 38.60 90.80% 12.10 13.45 2.87 1.95 5.30 12.47% 10.27 6.25 48.03 69.93 33.98 44.47 17.48 19.81 31.76 30.04 527.60

183 Kallam Spinning Mills Ltd. Cotton & blended yarn 69.33 85.29 48.88 57.92 67.91% 68.20 86.89 0.67 16.32 22.14 25.96% 17.08 17.38 11.64 13.67 149.61 153.20 12.85 10.52 24.24 17.64 528.70

184 Bengal Tea & Fabrics Ltd. Cotton & cotton textiles 126.59 154.64 100.67 119.88 77.52% 86.25 81.50 1.47 14.29 25.91 16.76% 24.91 22.41 57.18 31.80 83.31 91.32 20.54 16.85 34.71 25.18 528.70

185 Bhandari Hosiery Exports Ltd. Apparels - knitted / crocheted 80.27 86.78 48.67 46.42 53.49% 11.51 11.03 4.21 4.25 3.45 3.98% 23.07 21.30 23.52 23.98 36.58 35.33 108.10 128.81 79.05 99.44 530.40

186 Scan Synthetics Ltd.Synthetic filament yarn other than sewing threads

17.83 23.91 14.53 23.42 97.95% 7.22 6.06 3.86 2.28 1.32 5.52% 51.14 42.76 53.99 46.24 36.53 25.69 105.56 66.09 125.01 87.14 533.40

187 Thambbi Modern Spg. Mills Ltd. Cotton & blended yarn 34.32 37.95 29.39 33.38 87.96% 6.65 13.11 2.55 3.28 2.92 7.69% 28.43 24.00 77.84 65.87 31.63 45.66 16.71 16.39 49.48 38.30 535.40

188 Pioneer Embroideries Ltd. Embroidery in the piece 123.04 77.86 96.90 62.84 80.71% 128.44 117.53 0.53 8.56 19.64 25.22% 139.52 221.24 85.80 99.65 29.52 51.04 6.59 12.21 103.85 150.37 535.90

189 Ramaraju Surgical Cotton Mills Ltd. Cotton yarn 121.47 162.27 101.34 126.95 78.23% 212.46 204.19 0.62 18.40 33.35 20.55% 19.09 29.54 23.97 15.49 100.16 95.95 11.43 10.40 30.97 36.75 536.10

190 Sandhya Spinning Mill Ltd. Cotton yarn 69.72 103.07 51.77 74.34 72.13% 127.06 154.43 0.48 12.50 27.53 26.71% 35.97 46.04 56.35 96.36 95.01 78.50 10.70 12.94 39.57 31.56 537.60

191 Detail Clothing Ltd. Apparels (Readymade garment) 8.99 10.14 6.79 7.51 74.06% 0.12 0.50 15.02 0.62 0.84 8.28% 132.47 127.53 133.46 93.94 46.49 56.55 20.43 21.23 143.44 121.85 537.80

192 Emtex Industries (India) Ltd. Cloth (Fabrics) 38.45 22.5 36.78 20.97 93.20% 6.74 6.09 3.44 -14.88 0.16 0.71% 148.58 235.86 443.36 719.59 28.74 52.28 19.39 24.88 26.31 29.00 538.40

193 Zenith Exports Ltd. Silk & silk textiles 239.51 208.81 156.08 131.64 63.04% 57.70 55.87 2.36 16.10 7.02 3.36% 51.06 41.07 38.05 27.16 48.99 70.08 14.30 15.78 70.25 68.42 540.30

194 Gangotri Textiles Ltd. Cotton yarn 119.34 141.37 102.55 126.65 89.59% 312.76 308.33 0.41 -15.47 8.69 6.15% 52.34 33.23 50.04 48.60 42.03 30.76 14.84 23.79 81.70 52.53 542.90

195 Sarita Synthetics & Inds. Ltd. Cloth (Fabrics) 23.69 15.84 22.99 18.22 115.03% 7.71 6.32 2.88 -0.29 22.08 139.39% 48.04 30.93 109.71 272.99 26.36 31.03 17.66 27.75 41.69 70.98 544.70

196 Thanjavur Spinning Mill Ltd. Cotton yarn 40.43 52.01 34.76 42.79 82.27% 52.90 100.63 0.43 3.47 9.12 17.54% 20.45 23.33 31.91 25.33 95.54 134.16 6.29 8.52 23.75 22.23 546.10

197 Kumaragiri Textiles Ltd. Cotton yarn 24.98 30.22 19.78 22.15 73.30% 15.13 12.25 1.81 4.12 5.45 18.03% 17.87 22.01 126.94 151.25 36.06 100.88 7.23 7.83 46.95 27.16 546.90

198 Prathishta Weaving & Knitting Co. Ltd. Cotton & blended yarn 12.25 11.94 10.67 8.55 71.61% 3.70 3.00 2.85 1.59 1.33 11.14% 15.16 12.94 23.35 34.29 51.72 60.20 15.36 15.68 82.76 74.97 547.10

199 Raghuvir Exim Ltd. Cotton madeups (Mill sector) 23.70 33.65 23.90 35.49 105.47% 2.26 2.28 15.57 0.96 1.18 3.51% 67.40 67.97 42.72 38.84 34.28 47.43 10.32 36.69 27.07 65.76 547.70

200 Kandagiri Spinning Mills Ltd. Cotton yarn 92.23 113.28 77.08 92.40 81.57% 138.88 132.02 0.70 12.71 22.68 20.02% 49.54 41.23 40.91 45.12 72.79 81.40 20.22 21.15 30.78 32.58 550.40

201 Amarjothi Spinning Mills Ltd. Cotton yarn 92.91 98.5 66.57 69.82 70.88% 67.83 68.14 1.02 20.70 25.53 25.92% 39.25 45.45 12.27 22.08 83.22 123.13 7.98 10.10 67.70 57.01 552.20

202 Juliet Products Ltd. Other textile articles 19.19 19.31 16.37 17.84 92.39% 8.40 13.85 1.29 1.91 1.13 5.85% 73.38 79.63 96.47 146.31 26.35 17.53 43.35 59.21 99.73 120.65 552.30

203 Seyad Cotton Mills Ltd. Cotton yarn 30.93 35.92 23.16 24.24 67.48% 35.38 31.03 0.78 4.79 9.41 26.20% 47.35 37.40 27.40 17.68 79.51 115.36 21.89 18.28 50.97 34.13 552.60

204 Sybly Industries Ltd. High tenacity yarn of polyesters 57.84 60.21 17.10 16.78 27.87% 24.07 20.94 0.80 2.65 3.70 6.15% 111.48 76.59 116.10 44.39 36.64 76.90 60.88 74.73 29.14 30.58 552.70

205 Prabartak Jute Mills Ltd. Jute & jute products 55.42 54.32 52.48 53.29 98.10% 3.62 3.32 16.05 1.03 0.80 1.47% 19.73 24.30 73.16 73.94 51.53 49.53 7.21 10.11 44.80 51.13 553.70

206 Grabal Alok Impex Ltd. Special woven fabrics 142.19 250.57 65.19 99.79 39.83% 166.32 159.82 0.62 59.97 75.80 30.25% 79.05 65.45 142.72 181.41 69.09 46.57 95.03 56.06 136.38 62.88 556.40

207 Andhra Pradesh Fibres Ltd. Jute & jute products 27.55 35.4 23.87 33.00 93.22% 13.14 12.21 2.70 3.29 2.88 8.14% 17.99 19.36 53.69 61.55 84.89 93.73 8.41 9.13 19.55 22.23 559.50

208 V K S M Cotton Mills Ltd. Cotton yarn 19.86 21.22 16.36 16.75 78.93% 12.18 18.54 0.90 3.66 3.81 17.95% 30.75 33.27 8.26 73.25 37.92 58.00 35.25 28.20 46.83 42.08 562.00

209 East India Commercial Co. Ltd. Jute & jute products 129.48 160.45 112.35 151.10 94.17% 42.83 40.09 3.77 8.69 11.39 7.10% 8.94 7.22 25.28 47.86 112.05 95.28 7.08 7.18 20.89 29.90 562.60

210 K G Denim Ltd. Cloth (Fabrics) 232.87 271.89 184.37 192.51 70.80% 124.21 112.11 1.72 13.45 29.96 11.02% 43.96 37.36 115.90 105.47 47.44 49.45 17.42 18.97 81.31 75.21 564.40

211 Vijay Garments Ltd. Apparels (Readymade garment) 42.24 47.23 35.82 39.25 83.10% 12.16 11.73 3.35 2.24 1.80 3.81% 72.11 52.47 37.10 42.15 69.33 62.81 39.31 36.74 61.43 50.19 564.60

212 Seasons Textiles Ltd. Cloth (Fabrics) 36.10 35.47 16.48 19.63 55.34% 19.54 29.57 0.66 4.91 6.31 17.79% 87.36 97.42 48.05 42.58 265.92 222.00 2.87 7.39 52.11 70.81 565.90

213 G T N Textiles Ltd. Cotton yarn 95.90 149.48 84.04 114.23 76.42% 83.64 77.05 1.48 1.10 11.29 7.55% 33.96 20.53 41.29 82.93 127.37 95.91 7.15 5.54 73.03 34.70 567.80

214 Birla Precision Technologies Ltd. Drills 27.13 79.01 19.25 60.67 76.79% 21.35 42.97 1.41 4.55 8.94 11.32% 146.26 84.79 111.04 95.55 50.31 77.15 3.64 21.60 16.95 46.26 568.40

215 Colorplus Fashions Ltd. Apparels (Readymade garment) 147.57 153.26 82.42 78.02 50.91% 34.29 30.21 2.58 -5.63 3.85 2.51% 26.72 21.27 56.58 39.99 58.24 55.53 19.53 14.64 205.84 191.08 569.30

216 Budge Budge Co. Ltd. Jute & jute products 93.42 87.04 75.10 82.58 94.88% 60.49 58.42 1.41 1.37 2.54 2.92% 15.91 17.32 121.64 128.71 45.43 42.77 8.51 10.07 18.16 32.64 570.70

217 K G Fabriks Ltd. Cloth (Fabrics) 94.02 107.17 87.79 81.99 76.50% 70.43 72.61 1.13 5.23 17.53 16.36% 74.38 65.65 151.05 111.78 32.20 53.37 34.51 35.85 71.64 60.92 570.70

218 Harshni Textiles Ltd. Cotton yarn 71.23 96.41 65.60 75.52 78.33% 83.63 79.92 0.94 4.17 14.51 15.05% 45.42 48.60 92.59 106.31 145.55 174.74 3.64 4.89 36.78 31.64 573.10

219Rai Saheb Rekhchand Mohota Spg. & Wvg. Mills Ltd.

Cotton & blended yarn 152.47 186.07 111.11 111.55 59.95% 68.86 65.05 1.71 6.88 11.18 6.01% 58.37 52.32 58.73 63.31 40.56 54.52 48.31 46.51 70.58 63.33 573.60

220 Kanco Enterprises Ltd. Cotton yarn 93.62 97.38 80.64 89.02 91.42% 66.09 41.26 2.16 0.02 1.21 1.24% 5.40 4.76 65.23 49.60 79.55 75.62 10.22 10.57 38.81 25.74 577.30

221 Morarjee Textiles Ltd. Cloth (Fabrics) 202.27 252.17 150.38 202.12 80.15% 148.23 235.90 0.86 -6.49 31.83 12.62% 65.68 58.79 99.24 106.83 54.78 39.54 54.46 42.16 88.40 75.50 577.50

222 Sri Nachammai Cotton Mills Ltd. Cotton yarn 79.85 115.43 73.44 101.23 87.70% 17.03 21.51 4.71 1.85 13.47 11.67% 41.15 30.27 67.11 92.40 104.55 96.34 11.52 8.67 57.81 39.88 577.90

223 Palani Andavar Mills Ltd. Cotton yarn 16.72 17.77 14.13 14.58 82.05% 1.71 2.20 6.63 2.07 2.63 14.80% 26.85 21.67 14.25 40.53 206.51 290.06 10.28 12.47 19.85 24.58 578.90

224 Kitex Ltd. Apparels (Readymade garment) 63.00 78.91 54.46 65.62 83.16% 15.39 22.07 2.97 9.86 7.24 9.18% 44.88 14.99 83.19 71.26 51.12 59.74 9.24 8.39 146.47 123.10 579.20

225 Jaipuria Silk Mills Pvt. Ltd. Silk & silk textiles 26.20 26.16 13.51 13.56 51.83% 10.12 8.29 1.64 7.90 10.89 41.63% 101.03 79.34 20.61 41.40 116.40 199.36 8.41 15.16 124.27 68.31 579.70

226 Shri Govindaraja Mills Ltd. Cotton yarn 166.32 211.18 139.59 161.01 76.24% 130.52 113.36 1.42 26.70 33.53 15.88% 50.77 44.05 66.82 57.35 102.89 152.84 10.70 12.20 45.50 32.08 581.90

227 Rajapalayam Mills Ltd. Cotton yarn 240.57 259.77 183.45 199.90 76.95% 322.78 299.12 0.67 60.67 73.65 28.35% 32.95 31.10 41.52 44.93 143.67 142.22 7.15 10.05 33.98 34.82 583.10

228 Sree Jayalakshmi Autospin Ltd. Cotton yarn 12.67 10.85 11.93 10.11 93.18% 2.20 1.94 5.21 0.41 0.36 3.32% 46.96 58.03 58.14 129.83 92.65 663.19 1.53 1.80 20.93 28.21 583.60

229 Aunde India Ltd. Coated / laminated textile fabrics 35.19 51.44 34.30 40.38 78.50% 38.86 51.01 0.79 6.25 9.16 17.81% 144.40 98.07 83.43 75.93 71.81 68.85 24.97 18.40 206.29 180.49 583.90

230 York Exports Ltd. Other garments, knitted or crocheted 11.49 10.6 8.60 8.81 83.11% 2.80 3.60 2.45 1.37 1.29 12.17% 11.88 19.57 17.17 48.64 20.54 65.75 10.72 15.67 69.16 85.96 585.00

231 Sri Ramnarayan Mills Ltd. Cotton yarn 18.91 17.03 14.75 13.56 79.62% 5.36 3.92 3.46 1.68 3.53 20.73% 1.54 2.02 34.41 43.31 75.44 137.30 9.36 11.10 42.52 34.09 585.50

232 Nutech Global Ltd. Cloth (Fabrics) 25.04 25.68 13.29 12.74 49.61% 6.03 5.63 2.26 1.74 1.49 5.80% 47.01 40.93 28.14 20.03 74.12 95.11 30.68 30.40 65.94 55.56 585.90

233 Winsome Textile Inds. Ltd. Cotton yarn 171.17 219.7 144.04 178.25 81.13% 164.44 161.39 1.10 9.27 30.42 13.85% 41.53 40.53 106.81 74.44 36.41 70.71 24.23 22.58 53.34 47.88 588.60

234 Ludlow Jute & Specialities Ltd. Jute & jute products 170.85 193.29 146.51 165.93 85.85% 28.00 33.48 4.96 7.07 11.43 5.91% 18.80 15.72 84.76 91.42 96.26 126.29 5.64 6.29 30.04 25.85 590.70

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Page 131: Industry 2.0 March 2012

Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 129www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

180 Durairaj Mills Ltd. Cotton yarn 28.84 49.03 25.40 41.59 84.83% 49.72 47.40 0.88 2.51 7.52 15.34% 64.29 41.29 36.11 44.32 129.69 91.16 7.99 9.27 44.86 30.21 525.60

181 Priyadarshini Spinning Mills Ltd.Synthetic filament yarn other than sewing threads

180.37 192.21 153.60 175.05 91.07% 127.48 120.18 1.46 12.31 13.62 7.09% 28.78 32.17 84.28 93.94 24.86 17.39 30.89 31.78 64.29 63.52 526.80

182 Siddhartha Super Spg. Mills Ltd.Synthetic filament yarn other than sewing threads

45.14 42.51 41.84 38.60 90.80% 12.10 13.45 2.87 1.95 5.30 12.47% 10.27 6.25 48.03 69.93 33.98 44.47 17.48 19.81 31.76 30.04 527.60

183 Kallam Spinning Mills Ltd. Cotton & blended yarn 69.33 85.29 48.88 57.92 67.91% 68.20 86.89 0.67 16.32 22.14 25.96% 17.08 17.38 11.64 13.67 149.61 153.20 12.85 10.52 24.24 17.64 528.70

184 Bengal Tea & Fabrics Ltd. Cotton & cotton textiles 126.59 154.64 100.67 119.88 77.52% 86.25 81.50 1.47 14.29 25.91 16.76% 24.91 22.41 57.18 31.80 83.31 91.32 20.54 16.85 34.71 25.18 528.70

185 Bhandari Hosiery Exports Ltd. Apparels - knitted / crocheted 80.27 86.78 48.67 46.42 53.49% 11.51 11.03 4.21 4.25 3.45 3.98% 23.07 21.30 23.52 23.98 36.58 35.33 108.10 128.81 79.05 99.44 530.40

186 Scan Synthetics Ltd.Synthetic filament yarn other than sewing threads

17.83 23.91 14.53 23.42 97.95% 7.22 6.06 3.86 2.28 1.32 5.52% 51.14 42.76 53.99 46.24 36.53 25.69 105.56 66.09 125.01 87.14 533.40

187 Thambbi Modern Spg. Mills Ltd. Cotton & blended yarn 34.32 37.95 29.39 33.38 87.96% 6.65 13.11 2.55 3.28 2.92 7.69% 28.43 24.00 77.84 65.87 31.63 45.66 16.71 16.39 49.48 38.30 535.40

188 Pioneer Embroideries Ltd. Embroidery in the piece 123.04 77.86 96.90 62.84 80.71% 128.44 117.53 0.53 8.56 19.64 25.22% 139.52 221.24 85.80 99.65 29.52 51.04 6.59 12.21 103.85 150.37 535.90

189 Ramaraju Surgical Cotton Mills Ltd. Cotton yarn 121.47 162.27 101.34 126.95 78.23% 212.46 204.19 0.62 18.40 33.35 20.55% 19.09 29.54 23.97 15.49 100.16 95.95 11.43 10.40 30.97 36.75 536.10

190 Sandhya Spinning Mill Ltd. Cotton yarn 69.72 103.07 51.77 74.34 72.13% 127.06 154.43 0.48 12.50 27.53 26.71% 35.97 46.04 56.35 96.36 95.01 78.50 10.70 12.94 39.57 31.56 537.60

191 Detail Clothing Ltd. Apparels (Readymade garment) 8.99 10.14 6.79 7.51 74.06% 0.12 0.50 15.02 0.62 0.84 8.28% 132.47 127.53 133.46 93.94 46.49 56.55 20.43 21.23 143.44 121.85 537.80

192 Emtex Industries (India) Ltd. Cloth (Fabrics) 38.45 22.5 36.78 20.97 93.20% 6.74 6.09 3.44 -14.88 0.16 0.71% 148.58 235.86 443.36 719.59 28.74 52.28 19.39 24.88 26.31 29.00 538.40

193 Zenith Exports Ltd. Silk & silk textiles 239.51 208.81 156.08 131.64 63.04% 57.70 55.87 2.36 16.10 7.02 3.36% 51.06 41.07 38.05 27.16 48.99 70.08 14.30 15.78 70.25 68.42 540.30

194 Gangotri Textiles Ltd. Cotton yarn 119.34 141.37 102.55 126.65 89.59% 312.76 308.33 0.41 -15.47 8.69 6.15% 52.34 33.23 50.04 48.60 42.03 30.76 14.84 23.79 81.70 52.53 542.90

195 Sarita Synthetics & Inds. Ltd. Cloth (Fabrics) 23.69 15.84 22.99 18.22 115.03% 7.71 6.32 2.88 -0.29 22.08 139.39% 48.04 30.93 109.71 272.99 26.36 31.03 17.66 27.75 41.69 70.98 544.70

196 Thanjavur Spinning Mill Ltd. Cotton yarn 40.43 52.01 34.76 42.79 82.27% 52.90 100.63 0.43 3.47 9.12 17.54% 20.45 23.33 31.91 25.33 95.54 134.16 6.29 8.52 23.75 22.23 546.10

197 Kumaragiri Textiles Ltd. Cotton yarn 24.98 30.22 19.78 22.15 73.30% 15.13 12.25 1.81 4.12 5.45 18.03% 17.87 22.01 126.94 151.25 36.06 100.88 7.23 7.83 46.95 27.16 546.90

198 Prathishta Weaving & Knitting Co. Ltd. Cotton & blended yarn 12.25 11.94 10.67 8.55 71.61% 3.70 3.00 2.85 1.59 1.33 11.14% 15.16 12.94 23.35 34.29 51.72 60.20 15.36 15.68 82.76 74.97 547.10

199 Raghuvir Exim Ltd. Cotton madeups (Mill sector) 23.70 33.65 23.90 35.49 105.47% 2.26 2.28 15.57 0.96 1.18 3.51% 67.40 67.97 42.72 38.84 34.28 47.43 10.32 36.69 27.07 65.76 547.70

200 Kandagiri Spinning Mills Ltd. Cotton yarn 92.23 113.28 77.08 92.40 81.57% 138.88 132.02 0.70 12.71 22.68 20.02% 49.54 41.23 40.91 45.12 72.79 81.40 20.22 21.15 30.78 32.58 550.40

201 Amarjothi Spinning Mills Ltd. Cotton yarn 92.91 98.5 66.57 69.82 70.88% 67.83 68.14 1.02 20.70 25.53 25.92% 39.25 45.45 12.27 22.08 83.22 123.13 7.98 10.10 67.70 57.01 552.20

202 Juliet Products Ltd. Other textile articles 19.19 19.31 16.37 17.84 92.39% 8.40 13.85 1.29 1.91 1.13 5.85% 73.38 79.63 96.47 146.31 26.35 17.53 43.35 59.21 99.73 120.65 552.30

203 Seyad Cotton Mills Ltd. Cotton yarn 30.93 35.92 23.16 24.24 67.48% 35.38 31.03 0.78 4.79 9.41 26.20% 47.35 37.40 27.40 17.68 79.51 115.36 21.89 18.28 50.97 34.13 552.60

204 Sybly Industries Ltd. High tenacity yarn of polyesters 57.84 60.21 17.10 16.78 27.87% 24.07 20.94 0.80 2.65 3.70 6.15% 111.48 76.59 116.10 44.39 36.64 76.90 60.88 74.73 29.14 30.58 552.70

205 Prabartak Jute Mills Ltd. Jute & jute products 55.42 54.32 52.48 53.29 98.10% 3.62 3.32 16.05 1.03 0.80 1.47% 19.73 24.30 73.16 73.94 51.53 49.53 7.21 10.11 44.80 51.13 553.70

206 Grabal Alok Impex Ltd. Special woven fabrics 142.19 250.57 65.19 99.79 39.83% 166.32 159.82 0.62 59.97 75.80 30.25% 79.05 65.45 142.72 181.41 69.09 46.57 95.03 56.06 136.38 62.88 556.40

207 Andhra Pradesh Fibres Ltd. Jute & jute products 27.55 35.4 23.87 33.00 93.22% 13.14 12.21 2.70 3.29 2.88 8.14% 17.99 19.36 53.69 61.55 84.89 93.73 8.41 9.13 19.55 22.23 559.50

208 V K S M Cotton Mills Ltd. Cotton yarn 19.86 21.22 16.36 16.75 78.93% 12.18 18.54 0.90 3.66 3.81 17.95% 30.75 33.27 8.26 73.25 37.92 58.00 35.25 28.20 46.83 42.08 562.00

209 East India Commercial Co. Ltd. Jute & jute products 129.48 160.45 112.35 151.10 94.17% 42.83 40.09 3.77 8.69 11.39 7.10% 8.94 7.22 25.28 47.86 112.05 95.28 7.08 7.18 20.89 29.90 562.60

210 K G Denim Ltd. Cloth (Fabrics) 232.87 271.89 184.37 192.51 70.80% 124.21 112.11 1.72 13.45 29.96 11.02% 43.96 37.36 115.90 105.47 47.44 49.45 17.42 18.97 81.31 75.21 564.40

211 Vijay Garments Ltd. Apparels (Readymade garment) 42.24 47.23 35.82 39.25 83.10% 12.16 11.73 3.35 2.24 1.80 3.81% 72.11 52.47 37.10 42.15 69.33 62.81 39.31 36.74 61.43 50.19 564.60

212 Seasons Textiles Ltd. Cloth (Fabrics) 36.10 35.47 16.48 19.63 55.34% 19.54 29.57 0.66 4.91 6.31 17.79% 87.36 97.42 48.05 42.58 265.92 222.00 2.87 7.39 52.11 70.81 565.90

213 G T N Textiles Ltd. Cotton yarn 95.90 149.48 84.04 114.23 76.42% 83.64 77.05 1.48 1.10 11.29 7.55% 33.96 20.53 41.29 82.93 127.37 95.91 7.15 5.54 73.03 34.70 567.80

214 Birla Precision Technologies Ltd. Drills 27.13 79.01 19.25 60.67 76.79% 21.35 42.97 1.41 4.55 8.94 11.32% 146.26 84.79 111.04 95.55 50.31 77.15 3.64 21.60 16.95 46.26 568.40

215 Colorplus Fashions Ltd. Apparels (Readymade garment) 147.57 153.26 82.42 78.02 50.91% 34.29 30.21 2.58 -5.63 3.85 2.51% 26.72 21.27 56.58 39.99 58.24 55.53 19.53 14.64 205.84 191.08 569.30

216 Budge Budge Co. Ltd. Jute & jute products 93.42 87.04 75.10 82.58 94.88% 60.49 58.42 1.41 1.37 2.54 2.92% 15.91 17.32 121.64 128.71 45.43 42.77 8.51 10.07 18.16 32.64 570.70

217 K G Fabriks Ltd. Cloth (Fabrics) 94.02 107.17 87.79 81.99 76.50% 70.43 72.61 1.13 5.23 17.53 16.36% 74.38 65.65 151.05 111.78 32.20 53.37 34.51 35.85 71.64 60.92 570.70

218 Harshni Textiles Ltd. Cotton yarn 71.23 96.41 65.60 75.52 78.33% 83.63 79.92 0.94 4.17 14.51 15.05% 45.42 48.60 92.59 106.31 145.55 174.74 3.64 4.89 36.78 31.64 573.10

219Rai Saheb Rekhchand Mohota Spg. & Wvg. Mills Ltd.

Cotton & blended yarn 152.47 186.07 111.11 111.55 59.95% 68.86 65.05 1.71 6.88 11.18 6.01% 58.37 52.32 58.73 63.31 40.56 54.52 48.31 46.51 70.58 63.33 573.60

220 Kanco Enterprises Ltd. Cotton yarn 93.62 97.38 80.64 89.02 91.42% 66.09 41.26 2.16 0.02 1.21 1.24% 5.40 4.76 65.23 49.60 79.55 75.62 10.22 10.57 38.81 25.74 577.30

221 Morarjee Textiles Ltd. Cloth (Fabrics) 202.27 252.17 150.38 202.12 80.15% 148.23 235.90 0.86 -6.49 31.83 12.62% 65.68 58.79 99.24 106.83 54.78 39.54 54.46 42.16 88.40 75.50 577.50

222 Sri Nachammai Cotton Mills Ltd. Cotton yarn 79.85 115.43 73.44 101.23 87.70% 17.03 21.51 4.71 1.85 13.47 11.67% 41.15 30.27 67.11 92.40 104.55 96.34 11.52 8.67 57.81 39.88 577.90

223 Palani Andavar Mills Ltd. Cotton yarn 16.72 17.77 14.13 14.58 82.05% 1.71 2.20 6.63 2.07 2.63 14.80% 26.85 21.67 14.25 40.53 206.51 290.06 10.28 12.47 19.85 24.58 578.90

224 Kitex Ltd. Apparels (Readymade garment) 63.00 78.91 54.46 65.62 83.16% 15.39 22.07 2.97 9.86 7.24 9.18% 44.88 14.99 83.19 71.26 51.12 59.74 9.24 8.39 146.47 123.10 579.20

225 Jaipuria Silk Mills Pvt. Ltd. Silk & silk textiles 26.20 26.16 13.51 13.56 51.83% 10.12 8.29 1.64 7.90 10.89 41.63% 101.03 79.34 20.61 41.40 116.40 199.36 8.41 15.16 124.27 68.31 579.70

226 Shri Govindaraja Mills Ltd. Cotton yarn 166.32 211.18 139.59 161.01 76.24% 130.52 113.36 1.42 26.70 33.53 15.88% 50.77 44.05 66.82 57.35 102.89 152.84 10.70 12.20 45.50 32.08 581.90

227 Rajapalayam Mills Ltd. Cotton yarn 240.57 259.77 183.45 199.90 76.95% 322.78 299.12 0.67 60.67 73.65 28.35% 32.95 31.10 41.52 44.93 143.67 142.22 7.15 10.05 33.98 34.82 583.10

228 Sree Jayalakshmi Autospin Ltd. Cotton yarn 12.67 10.85 11.93 10.11 93.18% 2.20 1.94 5.21 0.41 0.36 3.32% 46.96 58.03 58.14 129.83 92.65 663.19 1.53 1.80 20.93 28.21 583.60

229 Aunde India Ltd. Coated / laminated textile fabrics 35.19 51.44 34.30 40.38 78.50% 38.86 51.01 0.79 6.25 9.16 17.81% 144.40 98.07 83.43 75.93 71.81 68.85 24.97 18.40 206.29 180.49 583.90

230 York Exports Ltd. Other garments, knitted or crocheted 11.49 10.6 8.60 8.81 83.11% 2.80 3.60 2.45 1.37 1.29 12.17% 11.88 19.57 17.17 48.64 20.54 65.75 10.72 15.67 69.16 85.96 585.00

231 Sri Ramnarayan Mills Ltd. Cotton yarn 18.91 17.03 14.75 13.56 79.62% 5.36 3.92 3.46 1.68 3.53 20.73% 1.54 2.02 34.41 43.31 75.44 137.30 9.36 11.10 42.52 34.09 585.50

232 Nutech Global Ltd. Cloth (Fabrics) 25.04 25.68 13.29 12.74 49.61% 6.03 5.63 2.26 1.74 1.49 5.80% 47.01 40.93 28.14 20.03 74.12 95.11 30.68 30.40 65.94 55.56 585.90

233 Winsome Textile Inds. Ltd. Cotton yarn 171.17 219.7 144.04 178.25 81.13% 164.44 161.39 1.10 9.27 30.42 13.85% 41.53 40.53 106.81 74.44 36.41 70.71 24.23 22.58 53.34 47.88 588.60

234 Ludlow Jute & Specialities Ltd. Jute & jute products 170.85 193.29 146.51 165.93 85.85% 28.00 33.48 4.96 7.07 11.43 5.91% 18.80 15.72 84.76 91.42 96.26 126.29 5.64 6.29 30.04 25.85 590.70

TEXTILESsmall manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 132: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com130 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

235 Reliance Jute Mills (International) Ltd. Jute & jute products 150.78 156.27 123.65 142.77 91.36% 48.23 47.55 3.00 7.58 2.65 1.70% 15.01 13.23 36.97 96.12 47.86 67.14 10.08 11.85 20.98 29.03 590.90

236 Acknit Industries Ltd. Gloves, mittens, etc. knitted or crocheted 61.73 43.51 45.74 40.14 92.25% 17.23 17.39 2.31 4.63 3.96 9.10% 33.15 62.49 22.51 70.81 47.18 73.71 7.82 16.60 29.59 63.84 591.20

237 Mahalakshmi Fibres & Inds. Ltd. Cotton yarn 16.62 15.18 14.77 13.45 88.60% 0.47 0.45 29.89 0.59 0.56 3.69% 18.63 19.09 70.08 81.22 65.15 91.87 8.03 8.82 36.91 34.86 592.30

238 Voith Paper Fabrics India Ltd. Felt 47.47 51.1 30.86 30.33 59.35% 27.13 24.74 1.23 14.02 15.62 30.57% 68.09 67.77 41.97 63.55 153.17 147.68 19.81 14.98 58.01 54.20 593.50

239 Van Tex Ltd. Cotton yarn 15.68 14.81 13.31 12.30 83.05% 6.44 5.76 2.14 -0.09 1.73 11.68% 34.87 24.60 29.61 74.75 25.39 56.99 17.64 23.09 68.38 59.63 593.60

240 V M T Spinning Co. Ltd. Cotton yarn 102.79 103.94 76.75 80.19 77.15% 51.36 53.36 1.50 27.13 20.04 19.28% 20.27 21.88 23.74 16.13 174.20 187.62 14.32 18.13 27.14 31.23 595.30

241 Evinix Industries Ltd. Apparels (Readymade garment) 121.77 160.09 98.20 140.57 87.81% 41.82 41.45 3.39 15.52 17.13 10.70% 134.41 118.19 67.09 61.31 131.99 108.92 34.98 27.17 59.06 45.53 601.60

242 Uniworth Ltd. Wool yarn 110.82 100.29 94.18 78.32 78.09% 73.59 63.54 1.23 8.16 1.58 1.58% 1617.75 1814.68 1240.38 1501.79 39.34 44.41 37.35 40.99 67.93 92.05 603.40

243 Winsome Yarns Ltd. Cotton yarn 156.87 235.3 128.18 188.67 80.18% 318.23 325.51 0.58 7.69 44.43 18.88% 101.69 64.64 148.59 104.13 67.95 55.03 33.93 34.53 88.55 87.50 604.60

244 Rajvir Industries Ltd. Cotton yarn 168.16 210.57 149.47 167.79 79.68% 106.44 184.88 0.91 25.68 29.34 13.93% 36.34 28.51 74.50 64.22 61.95 59.02 16.85 17.90 101.99 96.53 604.60

245 N S L Textiles Ltd. Cotton yarn 91.66 202.59 58.97 157.77 77.88% 280.47 531.81 0.30 11.68 40.26 19.87% 27.07 26.88 63.58 252.41 216.47 110.91 16.32 11.37 34.91 21.69 604.90

246 Gloster Ltd. Jute & jute products 166.93 194.31 140.22 158.47 81.56% 56.50 261.03 0.61 22.79 22.79 11.73% 14.54 15.13 35.84 59.24 65.95 81.95 16.25 13.70 37.68 36.43 606.30

247 Santosh Fine-Fab Ltd. Cloth (Fabrics) 23.32 22.34 10.47 9.22 41.27% 3.12 2.82 3.27 1.48 1.34 6.00% 96.13 101.88 64.79 77.15 66.34 76.09 53.54 69.95 106.30 119.12 607.30

248 Just Textiles Ltd. Apparels (Readymade garment) 40.34 43.31 37.82 33.02 76.24% 33.33 31.33 1.05 4.38 4.40 10.16% 77.59 62.20 95.05 107.31 84.26 51.98 34.88 52.80 55.69 76.84 607.80

249 Vishnu Cotton Mills Ltd. Cotton yarn 47.35 50.54 41.24 36.90 73.01% 22.06 20.47 1.80 7.76 5.18 10.25% 23.34 20.20 78.99 71.01 83.01 89.62 17.79 26.03 24.93 32.85 609.20

250 Indian Card Clothing Co. Ltd. Metallised yarn 41.13 49.67 31.90 36.97 74.43% 19.36 42.81 0.86 4.92 9.98 20.09% 73.96 58.32 138.60 134.75 100.29 78.02 30.65 30.77 58.07 53.05 610.10

251 Haryana Texprints (Overseas) Ltd. Cloth processed 38.04 45.06 34.43 41.63 92.39% 6.81 6.33 6.58 3.13 3.02 6.70% 78.71 71.63 98.68 98.08 59.02 56.86 50.65 44.56 75.33 72.29 610.50

252 Donear Industries Ltd. Man-made fabrics 186.73 243.51 120.08 154.31 63.37% 149.50 143.62 1.07 8.92 24.12 9.91% 98.89 91.01 84.66 76.32 82.19 76.95 38.88 40.07 77.41 81.70 612.30

253 Arasan Syntex Ltd. Blended yarn 23.60 25.78 17.23 17.70 68.66% 16.94 18.92 0.94 5.76 5.04 19.55% 3.62 4.58 40.33 18.78 161.10 171.58 9.71 9.07 63.51 53.58 612.50

254 Ruby Mills Ltd. Cloth (Fabrics) 125.40 158.33 88.45 93.41 59.00% 110.15 178.36 0.52 43.15 48.37 30.55% 37.61 29.83 266.82 390.55 47.78 48.28 49.47 60.99 63.24 70.71 614.70

255 Raymond Woollen Outerwear Ltd. Woven fabrics of wool 46.87 46.83 39.56 40.38 86.23% 29.03 28.52 1.42 4.12 4.18 8.93% 11.48 13.47 153.97 113.82 26.30 35.96 23.58 32.02 58.11 59.74 616.60

256Aruppukottai Shri Ramalinga Spinners Pvt. Ltd.

Cotton yarn 36.56 58.86 35.53 39.18 66.56% 27.20 28.94 1.35 9.54 12.98 22.05% 108.68 74.03 46.82 48.50 161.45 202.21 11.45 13.66 112.77 84.59 617.60

257 Naihati Jute Mills Co. Ltd. Jute & jute products 101.36 82.56 99.66 82.54 99.98% 7.24 7.36 11.21 1.98 1.65 2.00% 14.66 17.69 61.96 81.04 36.89 75.46 8.04 12.12 22.05 42.58 617.70

258 Sravya Textiles Ltd. Cloth (Fabrics) 7.83 12.92 6.40 11.10 85.91% 9.49 8.00 1.39 1.48 1.15 8.90% 79.87 46.72 68.14 57.02 76.37 45.67 76.51 58.42 243.65 150.98 618.30

259 Wires & Fabriks (S.A.) Ltd. Textile products for technical uses 52.07 61.56 27.16 32.32 52.50% 53.90 62.24 0.52 11.90 14.87 24.16% 118.12 116.87 120.07 91.73 215.70 184.43 16.43 20.78 39.19 40.93 621.10

260 Sulochana Cotton Spg. Mills Pvt. Ltd. Cotton yarn 138.24 171.79 118.27 130.81 76.15% 137.62 136.77 0.96 29.43 32.96 19.19% 33.65 28.48 34.97 40.74 87.83 124.02 9.48 9.22 117.96 108.27 624.00

261 Maral Overseas Ltd. Cotton yarn 517.80 200.3 400.54 143.26 71.52% 237.59 228.84 0.63 25.61 24.20 12.08% 24.99 63.93 32.65 105.23 22.52 95.09 7.20 21.16 17.13 48.60 626.00

262 Centwin Textile Mills Pvt. Ltd. Cotton yarn 44.10 43.22 30.13 24.51 56.71% 27.12 24.52 1.00 6.47 5.66 13.10% 57.69 54.98 88.09 94.57 52.98 104.94 7.22 11.72 101.23 95.73 630.00

263 Khemi Filaments Ltd.Synthetic filament yarn other than sewing threads

28.17 34.69 0.93 0.63 1.82% 0.61 0.53 1.19 0.55 0.51 1.47% 58.90 53.36 32.96 56.34 47.45 707.19 251.00 9.24 39.54 48.15 631.80

264 Ambika Cotton Mills Ltd. Cotton yarn 179.68 216.41 119.36 153.90 71.12% 290.80 271.52 0.57 48.26 59.90 27.68% 11.65 26.04 84.31 126.84 364.78 325.01 10.09 10.61 25.84 23.82 633.20

265 Indoworth India Ltd. Wool yarn 148.78 105.14 118.16 91.72 87.24% 108.93 13.65 6.72 2.70 0.77 0.73% 240.48 272.93 556.80 849.51 40.73 65.97 29.49 39.45 81.92 92.73 633.80

266 Soma Textiles & Inds. Ltd. Cloth (Fabrics) 161.58 212.34 156.43 189.43 89.21% 146.33 135.92 1.39 1.13 4.74 2.23% 42.09 33.11 36.01 59.84 49.23 49.03 47.98 39.69 87.53 69.62 634.30

267 Malwa Industries Ltd. Denim 187.07 213.95 165.45 172.46 80.61% 164.10 149.23 1.16 0.24 24.71 11.55% 155.96 136.96 34.50 30.87 135.86 128.69 29.25 28.94 91.42 84.40 634.90

268 Veejay Lakshmi Textiles Ltd. Cotton yarn 28.71 40.27 28.30 34.37 85.35% 42.96 41.04 0.84 -0.07 4.34 10.78% 75.26 49.94 53.61 99.23 78.58 80.87 24.27 26.35 48.99 44.12 638.40

269 G T N Industries Ltd. Cotton yarn 202.16 272.69 139.29 151.74 55.65% 173.14 160.46 0.95 3.69 20.91 7.67% 33.06 26.31 48.71 36.39 100.13 100.95 20.32 22.06 64.21 54.17 641.40

270 Meridian Apparels Ltd. Apparels (Readymade garment) 132.36 138.44 44.64 55.58 40.15% 45.53 47.92 1.16 -5.92 6.67 4.82% 46.90 30.91 48.80 37.96 251.13 203.53 15.20 32.39 12.35 24.09 641.80

271 L S Mills Ltd. Cotton yarn 126.61 189.31 96.99 125.70 66.40% 225.64 230.59 0.55 14.51 30.57 16.15% 38.36 36.61 194.81 76.20 260.38 175.83 20.11 21.80 40.39 28.30 643.90

272 Pasupati Acrylon Ltd. Acrylic fibre 467.47 212.39 427.35 151.47 71.32% 101.20 88.81 1.71 15.10 18.75 8.83% 9.35 23.56 66.85 173.43 44.46 164.77 2.22 5.59 27.92 51.30 646.50

273 Mountain Spinning Mills Ltd. Cotton yarn 30.37 25.39 23.23 20.61 81.17% 36.83 33.77 0.61 4.37 5.97 23.51% 11.49 10.17 41.50 40.97 99.85 138.71 8.80 11.21 33.56 46.40 647.10

274 Riba Textiles Ltd. Towels including turkish towels 52.39 48.92 36.96 45.49 92.99% 33.70 31.17 1.46 4.53 4.88 9.98% 6.84 13.16 22.06 20.60 78.11 75.32 71.47 39.25 66.11 57.61 649.90

275 Eurotex Industries & Exports Ltd. Cotton yarn 133.41 179.98 110.70 114.96 63.87% 118.07 108.30 1.06 5.19 21.78 12.10% 15.58 11.83 75.51 43.30 142.47 150.73 15.14 14.33 71.28 47.40 652.00

276 Faze Three Ltd. Cotton durries 150.77 134.92 112.33 106.02 78.58% 90.74 92.04 1.15 -0.14 21.53 15.96% 89.44 100.91 88.09 96.88 78.61 102.77 17.39 24.01 76.90 93.54 652.50

277 G I V O Ltd.Men's suits, trousers, etc. knitted or crocheted

18.17 11.79 13.58 12.22 103.65% 21.05 7.77 1.57 1.42 0.72 6.11% 391.26 609.05 240.57 301.11 102.73 128.20 7.52 12.33 23.24 37.47 654.40

278 Shri Renuga Textiles Ltd. Cotton yarn 179.41 201.14 148.47 165.92 82.49% 205.42 195.54 0.85 -3.45 33.78 16.79% 83.86 72.37 64.10 38.06 145.45 122.20 35.78 42.79 74.61 74.87 659.30

279 Silktex Ltd. Silk fabrics, processed 30.06 20.14 18.11 14.59 72.44% 23.49 21.40 0.68 4.67 2.79 13.85% 53.49 75.30 44.71 52.66 77.17 95.22 114.33 96.41 233.23 304.52 667.40

280 Oswal F M Hammerle Textiles Ltd. Cloth (Fabrics) 13.85 50.75 20.34 47.52 93.64% 211.25 199.06 0.24 -6.71 0.33 0.65% 56.45 46.17 132.87 158.36 90.60 56.65 29.40 32.20 42.69 43.35 669.30

281 Himachal Fibres Ltd. Cotton yarn 119.42 49.46 117.67 38.72 78.29% 16.23 25.32 1.53 12.04 4.98 10.07% 25.03 54.42 26.65 44.07 31.74 124.08 4.99 30.04 49.56 99.96 673.70

282 O C M India Ltd. Cloth (Fabrics) 129.70 129.91 94.27 82.86 63.78% 119.63 112.53 0.74 18.05 19.63 15.11% 131.50 151.49 80.25 94.42 96.88 125.97 24.94 33.70 78.60 96.57 675.90

283 Parmeshwari Silk Mills Ltd. Silk & silk textiles 38.48 37.8 21.56 19.24 50.90% 8.97 8.51 2.26 3.32 3.58 9.47% 83.54 106.24 82.61 95.90 138.91 137.59 31.20 35.16 98.48 115.55 676.20

284 Rana Polycot Ltd. Cotton yarn 140.32 169.54 121.12 150.49 88.76% 197.27 195.01 0.77 8.96 26.68 15.74% 30.20 30.99 60.08 79.78 70.18 66.69 39.80 62.89 52.87 78.89 678.10

285 Tamilnadu Jai Bharath Mills Ltd. Cotton yarn 72.60 87.11 68.12 73.65 84.55% 47.32 43.89 1.68 0.47 10.40 11.94% 49.67 48.41 89.60 82.38 162.81 161.40 14.72 19.07 56.30 56.30 687.40

286 Sundaram Textiles Ltd. Cotton yarn 38.51 33.31 27.75 24.62 73.91% 31.03 32.28 0.76 6.61 6.80 20.41% 48.72 34.30 42.30 76.59 219.23 275.34 24.78 23.87 55.21 47.49 690.30

287 J J Exporters Ltd. Silk & silk textiles 68.14 58.78 49.68 42.49 72.29% 43.83 63.70 0.67 3.09 6.19 10.53% 79.86 66.47 44.23 45.92 111.11 120.47 58.67 56.38 144.65 137.87 695.30

288 V T X Industries Ltd. Other textile articles 123.90 117.57 102.37 85.26 72.52% 91.67 130.77 0.65 6.23 26.43 22.48% 149.61 125.60 73.49 96.11 100.58 118.85 141.13 179.39 273.25 364.57 699.50

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 131www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

235 Reliance Jute Mills (International) Ltd. Jute & jute products 150.78 156.27 123.65 142.77 91.36% 48.23 47.55 3.00 7.58 2.65 1.70% 15.01 13.23 36.97 96.12 47.86 67.14 10.08 11.85 20.98 29.03 590.90

236 Acknit Industries Ltd. Gloves, mittens, etc. knitted or crocheted 61.73 43.51 45.74 40.14 92.25% 17.23 17.39 2.31 4.63 3.96 9.10% 33.15 62.49 22.51 70.81 47.18 73.71 7.82 16.60 29.59 63.84 591.20

237 Mahalakshmi Fibres & Inds. Ltd. Cotton yarn 16.62 15.18 14.77 13.45 88.60% 0.47 0.45 29.89 0.59 0.56 3.69% 18.63 19.09 70.08 81.22 65.15 91.87 8.03 8.82 36.91 34.86 592.30

238 Voith Paper Fabrics India Ltd. Felt 47.47 51.1 30.86 30.33 59.35% 27.13 24.74 1.23 14.02 15.62 30.57% 68.09 67.77 41.97 63.55 153.17 147.68 19.81 14.98 58.01 54.20 593.50

239 Van Tex Ltd. Cotton yarn 15.68 14.81 13.31 12.30 83.05% 6.44 5.76 2.14 -0.09 1.73 11.68% 34.87 24.60 29.61 74.75 25.39 56.99 17.64 23.09 68.38 59.63 593.60

240 V M T Spinning Co. Ltd. Cotton yarn 102.79 103.94 76.75 80.19 77.15% 51.36 53.36 1.50 27.13 20.04 19.28% 20.27 21.88 23.74 16.13 174.20 187.62 14.32 18.13 27.14 31.23 595.30

241 Evinix Industries Ltd. Apparels (Readymade garment) 121.77 160.09 98.20 140.57 87.81% 41.82 41.45 3.39 15.52 17.13 10.70% 134.41 118.19 67.09 61.31 131.99 108.92 34.98 27.17 59.06 45.53 601.60

242 Uniworth Ltd. Wool yarn 110.82 100.29 94.18 78.32 78.09% 73.59 63.54 1.23 8.16 1.58 1.58% 1617.75 1814.68 1240.38 1501.79 39.34 44.41 37.35 40.99 67.93 92.05 603.40

243 Winsome Yarns Ltd. Cotton yarn 156.87 235.3 128.18 188.67 80.18% 318.23 325.51 0.58 7.69 44.43 18.88% 101.69 64.64 148.59 104.13 67.95 55.03 33.93 34.53 88.55 87.50 604.60

244 Rajvir Industries Ltd. Cotton yarn 168.16 210.57 149.47 167.79 79.68% 106.44 184.88 0.91 25.68 29.34 13.93% 36.34 28.51 74.50 64.22 61.95 59.02 16.85 17.90 101.99 96.53 604.60

245 N S L Textiles Ltd. Cotton yarn 91.66 202.59 58.97 157.77 77.88% 280.47 531.81 0.30 11.68 40.26 19.87% 27.07 26.88 63.58 252.41 216.47 110.91 16.32 11.37 34.91 21.69 604.90

246 Gloster Ltd. Jute & jute products 166.93 194.31 140.22 158.47 81.56% 56.50 261.03 0.61 22.79 22.79 11.73% 14.54 15.13 35.84 59.24 65.95 81.95 16.25 13.70 37.68 36.43 606.30

247 Santosh Fine-Fab Ltd. Cloth (Fabrics) 23.32 22.34 10.47 9.22 41.27% 3.12 2.82 3.27 1.48 1.34 6.00% 96.13 101.88 64.79 77.15 66.34 76.09 53.54 69.95 106.30 119.12 607.30

248 Just Textiles Ltd. Apparels (Readymade garment) 40.34 43.31 37.82 33.02 76.24% 33.33 31.33 1.05 4.38 4.40 10.16% 77.59 62.20 95.05 107.31 84.26 51.98 34.88 52.80 55.69 76.84 607.80

249 Vishnu Cotton Mills Ltd. Cotton yarn 47.35 50.54 41.24 36.90 73.01% 22.06 20.47 1.80 7.76 5.18 10.25% 23.34 20.20 78.99 71.01 83.01 89.62 17.79 26.03 24.93 32.85 609.20

250 Indian Card Clothing Co. Ltd. Metallised yarn 41.13 49.67 31.90 36.97 74.43% 19.36 42.81 0.86 4.92 9.98 20.09% 73.96 58.32 138.60 134.75 100.29 78.02 30.65 30.77 58.07 53.05 610.10

251 Haryana Texprints (Overseas) Ltd. Cloth processed 38.04 45.06 34.43 41.63 92.39% 6.81 6.33 6.58 3.13 3.02 6.70% 78.71 71.63 98.68 98.08 59.02 56.86 50.65 44.56 75.33 72.29 610.50

252 Donear Industries Ltd. Man-made fabrics 186.73 243.51 120.08 154.31 63.37% 149.50 143.62 1.07 8.92 24.12 9.91% 98.89 91.01 84.66 76.32 82.19 76.95 38.88 40.07 77.41 81.70 612.30

253 Arasan Syntex Ltd. Blended yarn 23.60 25.78 17.23 17.70 68.66% 16.94 18.92 0.94 5.76 5.04 19.55% 3.62 4.58 40.33 18.78 161.10 171.58 9.71 9.07 63.51 53.58 612.50

254 Ruby Mills Ltd. Cloth (Fabrics) 125.40 158.33 88.45 93.41 59.00% 110.15 178.36 0.52 43.15 48.37 30.55% 37.61 29.83 266.82 390.55 47.78 48.28 49.47 60.99 63.24 70.71 614.70

255 Raymond Woollen Outerwear Ltd. Woven fabrics of wool 46.87 46.83 39.56 40.38 86.23% 29.03 28.52 1.42 4.12 4.18 8.93% 11.48 13.47 153.97 113.82 26.30 35.96 23.58 32.02 58.11 59.74 616.60

256Aruppukottai Shri Ramalinga Spinners Pvt. Ltd.

Cotton yarn 36.56 58.86 35.53 39.18 66.56% 27.20 28.94 1.35 9.54 12.98 22.05% 108.68 74.03 46.82 48.50 161.45 202.21 11.45 13.66 112.77 84.59 617.60

257 Naihati Jute Mills Co. Ltd. Jute & jute products 101.36 82.56 99.66 82.54 99.98% 7.24 7.36 11.21 1.98 1.65 2.00% 14.66 17.69 61.96 81.04 36.89 75.46 8.04 12.12 22.05 42.58 617.70

258 Sravya Textiles Ltd. Cloth (Fabrics) 7.83 12.92 6.40 11.10 85.91% 9.49 8.00 1.39 1.48 1.15 8.90% 79.87 46.72 68.14 57.02 76.37 45.67 76.51 58.42 243.65 150.98 618.30

259 Wires & Fabriks (S.A.) Ltd. Textile products for technical uses 52.07 61.56 27.16 32.32 52.50% 53.90 62.24 0.52 11.90 14.87 24.16% 118.12 116.87 120.07 91.73 215.70 184.43 16.43 20.78 39.19 40.93 621.10

260 Sulochana Cotton Spg. Mills Pvt. Ltd. Cotton yarn 138.24 171.79 118.27 130.81 76.15% 137.62 136.77 0.96 29.43 32.96 19.19% 33.65 28.48 34.97 40.74 87.83 124.02 9.48 9.22 117.96 108.27 624.00

261 Maral Overseas Ltd. Cotton yarn 517.80 200.3 400.54 143.26 71.52% 237.59 228.84 0.63 25.61 24.20 12.08% 24.99 63.93 32.65 105.23 22.52 95.09 7.20 21.16 17.13 48.60 626.00

262 Centwin Textile Mills Pvt. Ltd. Cotton yarn 44.10 43.22 30.13 24.51 56.71% 27.12 24.52 1.00 6.47 5.66 13.10% 57.69 54.98 88.09 94.57 52.98 104.94 7.22 11.72 101.23 95.73 630.00

263 Khemi Filaments Ltd.Synthetic filament yarn other than sewing threads

28.17 34.69 0.93 0.63 1.82% 0.61 0.53 1.19 0.55 0.51 1.47% 58.90 53.36 32.96 56.34 47.45 707.19 251.00 9.24 39.54 48.15 631.80

264 Ambika Cotton Mills Ltd. Cotton yarn 179.68 216.41 119.36 153.90 71.12% 290.80 271.52 0.57 48.26 59.90 27.68% 11.65 26.04 84.31 126.84 364.78 325.01 10.09 10.61 25.84 23.82 633.20

265 Indoworth India Ltd. Wool yarn 148.78 105.14 118.16 91.72 87.24% 108.93 13.65 6.72 2.70 0.77 0.73% 240.48 272.93 556.80 849.51 40.73 65.97 29.49 39.45 81.92 92.73 633.80

266 Soma Textiles & Inds. Ltd. Cloth (Fabrics) 161.58 212.34 156.43 189.43 89.21% 146.33 135.92 1.39 1.13 4.74 2.23% 42.09 33.11 36.01 59.84 49.23 49.03 47.98 39.69 87.53 69.62 634.30

267 Malwa Industries Ltd. Denim 187.07 213.95 165.45 172.46 80.61% 164.10 149.23 1.16 0.24 24.71 11.55% 155.96 136.96 34.50 30.87 135.86 128.69 29.25 28.94 91.42 84.40 634.90

268 Veejay Lakshmi Textiles Ltd. Cotton yarn 28.71 40.27 28.30 34.37 85.35% 42.96 41.04 0.84 -0.07 4.34 10.78% 75.26 49.94 53.61 99.23 78.58 80.87 24.27 26.35 48.99 44.12 638.40

269 G T N Industries Ltd. Cotton yarn 202.16 272.69 139.29 151.74 55.65% 173.14 160.46 0.95 3.69 20.91 7.67% 33.06 26.31 48.71 36.39 100.13 100.95 20.32 22.06 64.21 54.17 641.40

270 Meridian Apparels Ltd. Apparels (Readymade garment) 132.36 138.44 44.64 55.58 40.15% 45.53 47.92 1.16 -5.92 6.67 4.82% 46.90 30.91 48.80 37.96 251.13 203.53 15.20 32.39 12.35 24.09 641.80

271 L S Mills Ltd. Cotton yarn 126.61 189.31 96.99 125.70 66.40% 225.64 230.59 0.55 14.51 30.57 16.15% 38.36 36.61 194.81 76.20 260.38 175.83 20.11 21.80 40.39 28.30 643.90

272 Pasupati Acrylon Ltd. Acrylic fibre 467.47 212.39 427.35 151.47 71.32% 101.20 88.81 1.71 15.10 18.75 8.83% 9.35 23.56 66.85 173.43 44.46 164.77 2.22 5.59 27.92 51.30 646.50

273 Mountain Spinning Mills Ltd. Cotton yarn 30.37 25.39 23.23 20.61 81.17% 36.83 33.77 0.61 4.37 5.97 23.51% 11.49 10.17 41.50 40.97 99.85 138.71 8.80 11.21 33.56 46.40 647.10

274 Riba Textiles Ltd. Towels including turkish towels 52.39 48.92 36.96 45.49 92.99% 33.70 31.17 1.46 4.53 4.88 9.98% 6.84 13.16 22.06 20.60 78.11 75.32 71.47 39.25 66.11 57.61 649.90

275 Eurotex Industries & Exports Ltd. Cotton yarn 133.41 179.98 110.70 114.96 63.87% 118.07 108.30 1.06 5.19 21.78 12.10% 15.58 11.83 75.51 43.30 142.47 150.73 15.14 14.33 71.28 47.40 652.00

276 Faze Three Ltd. Cotton durries 150.77 134.92 112.33 106.02 78.58% 90.74 92.04 1.15 -0.14 21.53 15.96% 89.44 100.91 88.09 96.88 78.61 102.77 17.39 24.01 76.90 93.54 652.50

277 G I V O Ltd.Men's suits, trousers, etc. knitted or crocheted

18.17 11.79 13.58 12.22 103.65% 21.05 7.77 1.57 1.42 0.72 6.11% 391.26 609.05 240.57 301.11 102.73 128.20 7.52 12.33 23.24 37.47 654.40

278 Shri Renuga Textiles Ltd. Cotton yarn 179.41 201.14 148.47 165.92 82.49% 205.42 195.54 0.85 -3.45 33.78 16.79% 83.86 72.37 64.10 38.06 145.45 122.20 35.78 42.79 74.61 74.87 659.30

279 Silktex Ltd. Silk fabrics, processed 30.06 20.14 18.11 14.59 72.44% 23.49 21.40 0.68 4.67 2.79 13.85% 53.49 75.30 44.71 52.66 77.17 95.22 114.33 96.41 233.23 304.52 667.40

280 Oswal F M Hammerle Textiles Ltd. Cloth (Fabrics) 13.85 50.75 20.34 47.52 93.64% 211.25 199.06 0.24 -6.71 0.33 0.65% 56.45 46.17 132.87 158.36 90.60 56.65 29.40 32.20 42.69 43.35 669.30

281 Himachal Fibres Ltd. Cotton yarn 119.42 49.46 117.67 38.72 78.29% 16.23 25.32 1.53 12.04 4.98 10.07% 25.03 54.42 26.65 44.07 31.74 124.08 4.99 30.04 49.56 99.96 673.70

282 O C M India Ltd. Cloth (Fabrics) 129.70 129.91 94.27 82.86 63.78% 119.63 112.53 0.74 18.05 19.63 15.11% 131.50 151.49 80.25 94.42 96.88 125.97 24.94 33.70 78.60 96.57 675.90

283 Parmeshwari Silk Mills Ltd. Silk & silk textiles 38.48 37.8 21.56 19.24 50.90% 8.97 8.51 2.26 3.32 3.58 9.47% 83.54 106.24 82.61 95.90 138.91 137.59 31.20 35.16 98.48 115.55 676.20

284 Rana Polycot Ltd. Cotton yarn 140.32 169.54 121.12 150.49 88.76% 197.27 195.01 0.77 8.96 26.68 15.74% 30.20 30.99 60.08 79.78 70.18 66.69 39.80 62.89 52.87 78.89 678.10

285 Tamilnadu Jai Bharath Mills Ltd. Cotton yarn 72.60 87.11 68.12 73.65 84.55% 47.32 43.89 1.68 0.47 10.40 11.94% 49.67 48.41 89.60 82.38 162.81 161.40 14.72 19.07 56.30 56.30 687.40

286 Sundaram Textiles Ltd. Cotton yarn 38.51 33.31 27.75 24.62 73.91% 31.03 32.28 0.76 6.61 6.80 20.41% 48.72 34.30 42.30 76.59 219.23 275.34 24.78 23.87 55.21 47.49 690.30

287 J J Exporters Ltd. Silk & silk textiles 68.14 58.78 49.68 42.49 72.29% 43.83 63.70 0.67 3.09 6.19 10.53% 79.86 66.47 44.23 45.92 111.11 120.47 58.67 56.38 144.65 137.87 695.30

288 V T X Industries Ltd. Other textile articles 123.90 117.57 102.37 85.26 72.52% 91.67 130.77 0.65 6.23 26.43 22.48% 149.61 125.60 73.49 96.11 100.58 118.85 141.13 179.39 273.25 364.57 699.50

TEXTILESsmall manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 134: Industry 2.0 March 2012

PBIDTA: Profit Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2008 to 31st March 2009. Latest year: 1st April 2009 to 31st March 2010.

www.industry20.com132 march 2012 | industry 2.0 - technology management for decision-makers

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

289 B S L Ltd.Woven blended fabrics of synthetic staple fibres & c

128.81 143.6 82.59 93.55 65.15% 81.06 96.87 0.97 20.76 27.86 19.40% 88.59 78.99 46.44 68.33 208.15 183.13 40.07 49.66 138.29 145.27 699.60

290 Suryakiran International Ltd. Apparels (Readymade garment) 31.21 24.16 27.01 20.25 83.82% 22.33 23.60 0.86 0.86 1.95 8.07% 11.26 27.03 100.86 177.09 62.52 74.26 42.24 57.68 60.41 90.31 734.30

291 A I Champdany Inds. Ltd. Jute yarn 306.75 245.08 214.06 208.81 85.20% 90.02 92.01 2.27 17.87 10.29 4.20% 27.83 25.36 75.56 100.75 88.30 106.35 12.27 17.07 113.02 144.65 739.00

292 Sholingur Textiles Ltd. Cotton & blended yarn 74.47 73.23 73.01 59.40 81.11% 58.83 56.65 1.05 -14.63 1.76 2.40% 7.76 11.59 89.77 98.06 78.88 68.81 57.64 63.15 117.23 106.19 743.40

293 Samtex Fashions Ltd.Men's suits, trousers, etc. knitted or crocheted

53.99 57.71 46.97 49.21 85.27% 25.08 23.54 2.09 4.41 5.42 9.39% 41.39 50.38 87.03 101.00 97.33 126.53 33.55 38.36 132.65 133.76 745.30

294 Shri Dinesh Mills Ltd. Woven fabrics of wool 80.13 77.35 47.26 46.02 59.50% 48.56 62.01 0.74 22.02 21.42 27.69% 33.16 39.52 114.32 119.11 158.05 162.35 65.54 61.17 143.68 140.36 752.80

295 S R Industries Ltd. Terry towelling & similar woven terry fabrics 35.13 24.88 28.47 20.80 83.60% 20.43 48.95 0.42 4.05 2.05 8.24% 36.68 47.24 50.39 116.56 48.42 88.52 113.70 163.37 131.71 173.69 760.10

296 Abhishek Corporation Ltd. Cotton fabrics (Knitted) 23.78 39.86 39.79 49.63 124.51% 259.29 258.87 0.19 15.54 4.32 10.84% 378.97 136.81 276.12 73.66 351.18 295.90 150.08 188.04 725.34 392.02 798.60

T Y R E S & T U B E S A N D R U B B E R P R O D U C T S

1 Apcotex Industries Ltd. Styrene butadiene latex 101.87 144.78 81.18 120.71 83.37% 19.68 28.39 4.25 9.48 15.06 10.40% 54.33 52.45 38.72 43.76 22.82 17.15 4.71 1.09 11.13 7.32 21.40

2 Gujarat Reclaim & Rubber Products Ltd. Reclaimed rubber 134.44 144.82 91.59 97.48 67.31% 38.09 48.55 2.01 26.38 27.36 18.89% 59.18 62.53 27.54 33.57 22.90 33.60 1.64 1.98 15.17 13.93 27.10

3 Saro Rubber & Allied Products Ltd. Rubber & rubber products 23.27 23.27 21.04 21.04 90.42% 9.21 9.21 2.28 1.81 1.81 7.78% 50.98 50.98 24.45 24.45 17.65 17.65 5.64 5.64 16.24 16.24 31.10

4 Precision Seals Mfg. Ltd. Rubber & rubber products 24.34 28.64 13.98 14.63 51.08% 11.73 12.52 1.17 9.22 12.08 42.18% 77.93 77.91 56.04 55.55 31.64 30.93 7.21 9.64 15.84 16.99 31.10

5 Innovative Tyres & Tubes Ltd. Tyres & tubes 35.91 65.92 30.44 59.84 90.78% 26.04 24.60 2.43 2.95 3.25 4.93% 32.82 22.80 64.50 50.46 26.80 17.78 4.48 3.32 13.86 14.95 34.90

6 Vamshi Rubber Ltd. Rubber & rubber products 46.55 52.09 39.21 45.53 87.41% 10.26 10.12 4.50 2.89 4.64 8.91% 39.36 35.71 13.41 23.77 18.76 14.66 12.33 11.99 55.41 54.24 35.10

7 Tirupati Foam Ltd. Rubber foam 45.45 49.11 40.32 44.30 90.21% 5.90 5.70 7.77 3.35 4.09 8.33% 87.39 81.06 18.94 38.71 15.83 27.49 11.57 17.04 19.15 24.19 36.00

8Woco Motherson Advanced Rubber Tech-nologies Ltd.

Rubber & rubber products 37.37 47.4 23.64 24.76 52.24% 25.44 23.06 1.07 10.09 15.51 32.72% 32.42 24.80 22.67 30.07 61.69 53.04 8.57 7.61 22.73 17.60 36.60

9 Indag Rubber Ltd. Retreaded & other tyres 76.08 111.17 59.21 96.08 86.43% 13.71 18.43 5.21 10.15 13.75 12.37% 37.64 35.02 48.19 52.49 34.38 28.45 2.57 4.36 44.60 40.19 38.00

10 Abhisar Buildwell Pvt. Ltd. Vulcanised rubber thread & cord 33.19 47.84 30.28 50.51 105.58% 58.87 52.29 0.97 1.05 3.04 6.35% 50.71 52.07 32.26 20.97 17.10 15.50 7.86 15.88 14.84 31.96 38.20

11 Tega Industries Ltd. Rubber & rubber products 169.70 180.68 95.37 98.02 54.25% 38.21 38.76 2.53 48.44 53.88 29.82% 103.76 123.64 99.81 77.48 85.78 92.79 1.89 2.50 20.93 22.18 38.30

12 T T K-L I G Ltd. Rubber contraceptives, males 271.04 243.3 191.47 170.49 70.07% 51.68 55.63 3.06 33.87 38.01 15.62% 82.11 75.68 34.44 52.45 33.61 29.65 37.84 41.88 39.96 33.62 41.90

13 Elgi Rubber Co. Ltd. [Merged] Tyre treads 57.34 60.22 41.78 45.23 75.11% 27.70 31.62 1.43 11.70 10.18 16.90% 56.12 44.65 55.31 47.97 123.46 114.49 1.70 2.59 19.97 13.09 43.00

14 Treadsdirect Ltd. [Merged] Tyre treads 151.07 162.4 116.97 115.70 71.24% 17.23 15.33 7.55 19.82 30.78 18.95% 54.10 53.55 12.63 27.38 42.05 61.12 10.25 9.85 42.45 47.50 43.20

15 Krypton Industries Ltd. Cycle tyres 17.04 23.56 13.10 17.93 76.10% 7.23 7.29 2.46 2.21 3.04 12.90% 111.82 91.59 97.58 76.24 60.25 54.90 6.67 9.05 63.93 40.62 43.40

16 Monotona Tyres Ltd. Tyres 179.10 121.55 148.23 107.02 88.05% 88.91 93.70 1.14 20.25 9.64 7.93% 70.26 140.73 65.40 99.42 31.94 51.54 11.13 16.00 22.05 29.74 46.30

17 Garware Elestomerics Ltd.Plates, sheets, strip, rods, etc. of vulcanised rubber

59.70 47.27 55.74 43.26 91.52% 7.28 7.05 6.14 3.19 2.85 6.03% 0.21 3.46 18.38 39.36 99.39 122.87 0.10 0.12 0.10 0.13 46.60

18 Famy Care Ltd. Sheath contraceptives 226.27 258.18 40.35 57.93 22.44% 94.38 90.11 0.64 47.59 90.97 35.24% 74.24 106.00 56.56 82.15 105.54 104.61 17.25 16.17 12.69 17.17 47.30

19 J K Ansell Ltd. Rubber contraceptives, males 53.86 60.98 23.41 22.57 37.01% 7.43 6.81 3.31 6.01 12.13 19.89% 54.81 56.40 70.29 68.96 56.50 60.43 25.32 16.27 55.27 53.05 48.40

20 Hi-Tech Elastomers Ltd. Articles of vulcanised rubber 20.90 19.82 16.59 13.85 69.88% 3.35 3.61 3.84 2.02 2.04 10.29% 72.56 130.22 75.99 158.80 24.19 66.82 17.15 28.81 35.55 42.58 54.60

21 Rubber Products Ltd. Rubber & rubber products 18.32 17.24 14.83 14.30 82.95% 5.47 5.09 2.81 1.64 1.36 7.89% 132.73 149.74 112.83 94.37 59.86 58.95 53.17 55.42 71.77 74.22 55.00

22 M I L Industries Ltd. Unvulcanised rubber products 16.26 17.2 13.05 12.59 73.20% 16.38 16.12 0.78 1.34 2.52 14.65% 86.22 93.24 67.27 91.19 72.03 116.09 17.46 20.47 23.23 27.51 57.60

23 Bengal Waterproof Ltd. Hygeine & pharmaceutical rubber products 55.11 55.11 35.16 35.16 63.80% 39.48 39.48 0.89 8.37 8.37 15.19% 136.06 136.06 100.68 100.68 89.51 89.51 80.43 80.43 128.25 128.25 62.00

24 Pix Transmissions Ltd. V belt 176.78 167.16 129.68 111.42 66.65% 118.28 184.75 0.60 22.00 36.11 21.60% 53.60 65.06 43.03 97.16 91.05 142.00 7.72 10.66 51.06 73.51 62.30

25 Dunlop India Ltd. Tyres 180.05 179.1 23.64 23.16 12.93% 1235.25 1195.88 0.02 9.74 5.50 3.07% 120.88 90.54 217.45 140.28 218.36 342.98 14.81 25.21 11.53 16.18 62.80

26 Navyug (India) Ltd. V belt 16.44 16.39 14.85 14.50 88.47% 5.56 5.44 2.67 0.39 0.44 2.68% 29.70 35.48 135.54 123.44 87.89 119.47 13.75 12.94 82.81 95.72 70.20

27 Somi Conveyor Beltings Ltd. Conveyor belting 20.21 23.49 14.91 21.22 90.34% 25.42 23.77 0.89 4.45 5.96 25.37% 46.96 73.72 27.39 73.77 151.18 157.24 22.25 55.50 51.48 85.25 70.70

W I R E S & C A B L E S

1 G K Winding Wires Ltd. Copper winding wires 68.55 103.85 63.67 96.83 93.24% 3.15 5.88 16.47 3.17 7.18 6.91% 24.41 23.08 10.44 20.31 5.20 5.27 1.35 1.91 8.31 5.96 14.40

2 Skytone Electricals (India) Ltd. PVC insulated cables & flexes 69.64 57.03 55.07 50.64 88.80% 10.95 10.62 4.77 4.00 2.54 4.45% 124.78 141.82 21.42 26.80 12.56 17.60 6.56 11.01 22.52 32.75 20.70

3 Pawan Power & Telecom Ltd. Cables & other conductors 25.61 22.93 24.35 21.88 95.42% 0.68 0.60 36.47 1.06 0.98 4.27% 64.66 78.12 3.31 6.53 11.70 22.57 5.61 8.74 17.15 18.72 21.20

4 Rishabhdev Technocable Ltd. Cables & other conductors 41.88 70.97 37.78 64.75 91.24% 5.48 31.85 2.03 4.10 6.27 8.83% 75.68 60.46 22.99 96.74 24.69 26.85 15.13 5.01 28.75 21.95 26.00

5 Emgee Cables & Communications Ltd. Wires & cables, insulated 33.41 113.28 28.62 32.21 28.43% 5.76 5.44 5.92 3.23 3.78 3.34% 63.94 35.48 73.95 28.62 15.61 7.94 67.85 42.03 114.71 36.34 26.40

6 Galada Power & Telecommunication Ltd. Cables & other conductors 30.53 27.94 34.27 18.32 65.57% 15.66 14.29 1.28 -1.73 1.28 4.58% 102.19 80.40 343.13 603.50 26.25 18.92 4.12 7.27 42.58 43.10 27.50

7 M P Telelinks Ltd. Jelly filled cables 11.90 14.49 11.95 12.52 86.40% 9.72 8.45 1.48 -1.23 1.23 8.49% 184.58 51.03 112.18 113.82 29.03 33.88 1.27 1.50 22.85 13.58 28.30

8 Vindhya Telelinks Ltd. Jelly filled cables 263.33 202.14 245.56 171.67 84.93% 43.73 45.89 3.74 0.50 19.67 9.73% 63.93 149.84 43.38 74.73 30.99 42.78 22.07 21.79 27.09 23.74 29.10

9 U M Cables Ltd. Jelly filled cables 221.88 134.34 181.05 107.89 80.31% 41.40 37.06 2.91 11.24 13.47 10.03% 42.55 49.42 62.97 91.01 19.70 38.51 10.38 6.65 40.96 24.25 29.80

10 Delton Cables Ltd. Cables & other conductors 165.37 140.65 142.44 120.57 85.72% 13.67 12.53 9.62 11.49 9.87 7.02% 80.63 94.28 72.79 79.92 18.42 20.07 42.56 45.44 66.75 73.50 30.50

11 Cords Cable Inds. Ltd. Wires & cables, nec 222.39 220.41 197.76 205.62 93.29% 63.29 61.51 3.34 19.77 19.20 8.71% 61.19 78.62 62.68 107.12 19.34 25.82 10.99 23.16 21.31 32.82 31.40

12 Torrent Cables Ltd. Cross linked polyethylene cables (XLPE) 134.16 171.92 120.83 150.48 87.53% 15.13 70.00 2.15 13.63 15.17 8.82% 107.35 91.29 37.69 37.91 54.69 47.13 14.80 16.40 28.35 23.75 31.70

13 C M I Ltd. Jelly filled cables 51.37 48.21 47.58 40.92 84.88% 5.62 5.87 6.97 3.36 4.00 8.30% 50.28 83.95 50.82 70.85 19.23 28.06 33.91 34.39 43.05 41.94 32.60

14 Ravin Cables Ltd. Wires & cables, nec 307.19 164.97 230.89 134.93 81.79% 24.86 22.44 6.01 27.13 2.60 1.58% 75.12 145.31 51.50 48.59 16.89 27.68 27.99 28.88 61.95 89.89 32.70

15 Birla Ericsson Optical Ltd. Cables & other conductors 125.87 102.9 113.56 85.90 83.48% 26.36 32.12 2.67 -0.73 6.61 6.42% 66.14 75.84 43.22 38.22 64.60 61.44 26.95 19.25 30.36 22.07 34.00

16 Surana Telecom & Power Ltd. Jelly filled cables 88.24 45.6 82.78 37.72 82.72% 39.63 32.66 1.15 5.79 4.85 10.64% 66.22 100.39 80.23 13.44 46.24 91.02 18.16 31.83 31.46 50.75 36.90

17 Tamilnadu Telecommunications Ltd. Fibre optic cables 19.23 35.04 21.30 27.34 78.03% 16.59 16.24 1.68 -3.76 1.93 5.51% 275.07 213.07 493.09 459.44 125.33 103.31 120.33 75.61 125.26 77.78 44.90

small manufacturing companiessupply chain metricssupply chain metrics small manufacturing companies

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Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Source: CMIE Prowess database

industry 2.0 - technology management for decision-makers | march 2012 133www.industry20.com

Rank Company Name Industrial Activity

CORPORATE FINANCIAL PERFORMANCE WORKING CAPITAL CYCLE

Compos-ite ScoreNet Sales (Rs Crore) Cost of Goods Sold

(Rs Crore)COGS/ 2010 Net

Sales

Net Fixed Assets (Rs Crore)

Fixed Asset Turn-over Ratio (FATR) PBDITA (Rs Crore) PBDITA/ 2010

Net SalesDebtors Days Available Creditors Days

AvailableRaw Material Holding

Period (days)WIP Holding Period

(days)Finished Goods Hold-

ing (days)

2009 2010 2009 2010 2009 2010 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

289 B S L Ltd.Woven blended fabrics of synthetic staple fibres & c

128.81 143.6 82.59 93.55 65.15% 81.06 96.87 0.97 20.76 27.86 19.40% 88.59 78.99 46.44 68.33 208.15 183.13 40.07 49.66 138.29 145.27 699.60

290 Suryakiran International Ltd. Apparels (Readymade garment) 31.21 24.16 27.01 20.25 83.82% 22.33 23.60 0.86 0.86 1.95 8.07% 11.26 27.03 100.86 177.09 62.52 74.26 42.24 57.68 60.41 90.31 734.30

291 A I Champdany Inds. Ltd. Jute yarn 306.75 245.08 214.06 208.81 85.20% 90.02 92.01 2.27 17.87 10.29 4.20% 27.83 25.36 75.56 100.75 88.30 106.35 12.27 17.07 113.02 144.65 739.00

292 Sholingur Textiles Ltd. Cotton & blended yarn 74.47 73.23 73.01 59.40 81.11% 58.83 56.65 1.05 -14.63 1.76 2.40% 7.76 11.59 89.77 98.06 78.88 68.81 57.64 63.15 117.23 106.19 743.40

293 Samtex Fashions Ltd.Men's suits, trousers, etc. knitted or crocheted

53.99 57.71 46.97 49.21 85.27% 25.08 23.54 2.09 4.41 5.42 9.39% 41.39 50.38 87.03 101.00 97.33 126.53 33.55 38.36 132.65 133.76 745.30

294 Shri Dinesh Mills Ltd. Woven fabrics of wool 80.13 77.35 47.26 46.02 59.50% 48.56 62.01 0.74 22.02 21.42 27.69% 33.16 39.52 114.32 119.11 158.05 162.35 65.54 61.17 143.68 140.36 752.80

295 S R Industries Ltd. Terry towelling & similar woven terry fabrics 35.13 24.88 28.47 20.80 83.60% 20.43 48.95 0.42 4.05 2.05 8.24% 36.68 47.24 50.39 116.56 48.42 88.52 113.70 163.37 131.71 173.69 760.10

296 Abhishek Corporation Ltd. Cotton fabrics (Knitted) 23.78 39.86 39.79 49.63 124.51% 259.29 258.87 0.19 15.54 4.32 10.84% 378.97 136.81 276.12 73.66 351.18 295.90 150.08 188.04 725.34 392.02 798.60

T Y R E S & T U B E S A N D R U B B E R P R O D U C T S

1 Apcotex Industries Ltd. Styrene butadiene latex 101.87 144.78 81.18 120.71 83.37% 19.68 28.39 4.25 9.48 15.06 10.40% 54.33 52.45 38.72 43.76 22.82 17.15 4.71 1.09 11.13 7.32 21.40

2 Gujarat Reclaim & Rubber Products Ltd. Reclaimed rubber 134.44 144.82 91.59 97.48 67.31% 38.09 48.55 2.01 26.38 27.36 18.89% 59.18 62.53 27.54 33.57 22.90 33.60 1.64 1.98 15.17 13.93 27.10

3 Saro Rubber & Allied Products Ltd. Rubber & rubber products 23.27 23.27 21.04 21.04 90.42% 9.21 9.21 2.28 1.81 1.81 7.78% 50.98 50.98 24.45 24.45 17.65 17.65 5.64 5.64 16.24 16.24 31.10

4 Precision Seals Mfg. Ltd. Rubber & rubber products 24.34 28.64 13.98 14.63 51.08% 11.73 12.52 1.17 9.22 12.08 42.18% 77.93 77.91 56.04 55.55 31.64 30.93 7.21 9.64 15.84 16.99 31.10

5 Innovative Tyres & Tubes Ltd. Tyres & tubes 35.91 65.92 30.44 59.84 90.78% 26.04 24.60 2.43 2.95 3.25 4.93% 32.82 22.80 64.50 50.46 26.80 17.78 4.48 3.32 13.86 14.95 34.90

6 Vamshi Rubber Ltd. Rubber & rubber products 46.55 52.09 39.21 45.53 87.41% 10.26 10.12 4.50 2.89 4.64 8.91% 39.36 35.71 13.41 23.77 18.76 14.66 12.33 11.99 55.41 54.24 35.10

7 Tirupati Foam Ltd. Rubber foam 45.45 49.11 40.32 44.30 90.21% 5.90 5.70 7.77 3.35 4.09 8.33% 87.39 81.06 18.94 38.71 15.83 27.49 11.57 17.04 19.15 24.19 36.00

8Woco Motherson Advanced Rubber Tech-nologies Ltd.

Rubber & rubber products 37.37 47.4 23.64 24.76 52.24% 25.44 23.06 1.07 10.09 15.51 32.72% 32.42 24.80 22.67 30.07 61.69 53.04 8.57 7.61 22.73 17.60 36.60

9 Indag Rubber Ltd. Retreaded & other tyres 76.08 111.17 59.21 96.08 86.43% 13.71 18.43 5.21 10.15 13.75 12.37% 37.64 35.02 48.19 52.49 34.38 28.45 2.57 4.36 44.60 40.19 38.00

10 Abhisar Buildwell Pvt. Ltd. Vulcanised rubber thread & cord 33.19 47.84 30.28 50.51 105.58% 58.87 52.29 0.97 1.05 3.04 6.35% 50.71 52.07 32.26 20.97 17.10 15.50 7.86 15.88 14.84 31.96 38.20

11 Tega Industries Ltd. Rubber & rubber products 169.70 180.68 95.37 98.02 54.25% 38.21 38.76 2.53 48.44 53.88 29.82% 103.76 123.64 99.81 77.48 85.78 92.79 1.89 2.50 20.93 22.18 38.30

12 T T K-L I G Ltd. Rubber contraceptives, males 271.04 243.3 191.47 170.49 70.07% 51.68 55.63 3.06 33.87 38.01 15.62% 82.11 75.68 34.44 52.45 33.61 29.65 37.84 41.88 39.96 33.62 41.90

13 Elgi Rubber Co. Ltd. [Merged] Tyre treads 57.34 60.22 41.78 45.23 75.11% 27.70 31.62 1.43 11.70 10.18 16.90% 56.12 44.65 55.31 47.97 123.46 114.49 1.70 2.59 19.97 13.09 43.00

14 Treadsdirect Ltd. [Merged] Tyre treads 151.07 162.4 116.97 115.70 71.24% 17.23 15.33 7.55 19.82 30.78 18.95% 54.10 53.55 12.63 27.38 42.05 61.12 10.25 9.85 42.45 47.50 43.20

15 Krypton Industries Ltd. Cycle tyres 17.04 23.56 13.10 17.93 76.10% 7.23 7.29 2.46 2.21 3.04 12.90% 111.82 91.59 97.58 76.24 60.25 54.90 6.67 9.05 63.93 40.62 43.40

16 Monotona Tyres Ltd. Tyres 179.10 121.55 148.23 107.02 88.05% 88.91 93.70 1.14 20.25 9.64 7.93% 70.26 140.73 65.40 99.42 31.94 51.54 11.13 16.00 22.05 29.74 46.30

17 Garware Elestomerics Ltd.Plates, sheets, strip, rods, etc. of vulcanised rubber

59.70 47.27 55.74 43.26 91.52% 7.28 7.05 6.14 3.19 2.85 6.03% 0.21 3.46 18.38 39.36 99.39 122.87 0.10 0.12 0.10 0.13 46.60

18 Famy Care Ltd. Sheath contraceptives 226.27 258.18 40.35 57.93 22.44% 94.38 90.11 0.64 47.59 90.97 35.24% 74.24 106.00 56.56 82.15 105.54 104.61 17.25 16.17 12.69 17.17 47.30

19 J K Ansell Ltd. Rubber contraceptives, males 53.86 60.98 23.41 22.57 37.01% 7.43 6.81 3.31 6.01 12.13 19.89% 54.81 56.40 70.29 68.96 56.50 60.43 25.32 16.27 55.27 53.05 48.40

20 Hi-Tech Elastomers Ltd. Articles of vulcanised rubber 20.90 19.82 16.59 13.85 69.88% 3.35 3.61 3.84 2.02 2.04 10.29% 72.56 130.22 75.99 158.80 24.19 66.82 17.15 28.81 35.55 42.58 54.60

21 Rubber Products Ltd. Rubber & rubber products 18.32 17.24 14.83 14.30 82.95% 5.47 5.09 2.81 1.64 1.36 7.89% 132.73 149.74 112.83 94.37 59.86 58.95 53.17 55.42 71.77 74.22 55.00

22 M I L Industries Ltd. Unvulcanised rubber products 16.26 17.2 13.05 12.59 73.20% 16.38 16.12 0.78 1.34 2.52 14.65% 86.22 93.24 67.27 91.19 72.03 116.09 17.46 20.47 23.23 27.51 57.60

23 Bengal Waterproof Ltd. Hygeine & pharmaceutical rubber products 55.11 55.11 35.16 35.16 63.80% 39.48 39.48 0.89 8.37 8.37 15.19% 136.06 136.06 100.68 100.68 89.51 89.51 80.43 80.43 128.25 128.25 62.00

24 Pix Transmissions Ltd. V belt 176.78 167.16 129.68 111.42 66.65% 118.28 184.75 0.60 22.00 36.11 21.60% 53.60 65.06 43.03 97.16 91.05 142.00 7.72 10.66 51.06 73.51 62.30

25 Dunlop India Ltd. Tyres 180.05 179.1 23.64 23.16 12.93% 1235.25 1195.88 0.02 9.74 5.50 3.07% 120.88 90.54 217.45 140.28 218.36 342.98 14.81 25.21 11.53 16.18 62.80

26 Navyug (India) Ltd. V belt 16.44 16.39 14.85 14.50 88.47% 5.56 5.44 2.67 0.39 0.44 2.68% 29.70 35.48 135.54 123.44 87.89 119.47 13.75 12.94 82.81 95.72 70.20

27 Somi Conveyor Beltings Ltd. Conveyor belting 20.21 23.49 14.91 21.22 90.34% 25.42 23.77 0.89 4.45 5.96 25.37% 46.96 73.72 27.39 73.77 151.18 157.24 22.25 55.50 51.48 85.25 70.70

W I R E S & C A B L E S

1 G K Winding Wires Ltd. Copper winding wires 68.55 103.85 63.67 96.83 93.24% 3.15 5.88 16.47 3.17 7.18 6.91% 24.41 23.08 10.44 20.31 5.20 5.27 1.35 1.91 8.31 5.96 14.40

2 Skytone Electricals (India) Ltd. PVC insulated cables & flexes 69.64 57.03 55.07 50.64 88.80% 10.95 10.62 4.77 4.00 2.54 4.45% 124.78 141.82 21.42 26.80 12.56 17.60 6.56 11.01 22.52 32.75 20.70

3 Pawan Power & Telecom Ltd. Cables & other conductors 25.61 22.93 24.35 21.88 95.42% 0.68 0.60 36.47 1.06 0.98 4.27% 64.66 78.12 3.31 6.53 11.70 22.57 5.61 8.74 17.15 18.72 21.20

4 Rishabhdev Technocable Ltd. Cables & other conductors 41.88 70.97 37.78 64.75 91.24% 5.48 31.85 2.03 4.10 6.27 8.83% 75.68 60.46 22.99 96.74 24.69 26.85 15.13 5.01 28.75 21.95 26.00

5 Emgee Cables & Communications Ltd. Wires & cables, insulated 33.41 113.28 28.62 32.21 28.43% 5.76 5.44 5.92 3.23 3.78 3.34% 63.94 35.48 73.95 28.62 15.61 7.94 67.85 42.03 114.71 36.34 26.40

6 Galada Power & Telecommunication Ltd. Cables & other conductors 30.53 27.94 34.27 18.32 65.57% 15.66 14.29 1.28 -1.73 1.28 4.58% 102.19 80.40 343.13 603.50 26.25 18.92 4.12 7.27 42.58 43.10 27.50

7 M P Telelinks Ltd. Jelly filled cables 11.90 14.49 11.95 12.52 86.40% 9.72 8.45 1.48 -1.23 1.23 8.49% 184.58 51.03 112.18 113.82 29.03 33.88 1.27 1.50 22.85 13.58 28.30

8 Vindhya Telelinks Ltd. Jelly filled cables 263.33 202.14 245.56 171.67 84.93% 43.73 45.89 3.74 0.50 19.67 9.73% 63.93 149.84 43.38 74.73 30.99 42.78 22.07 21.79 27.09 23.74 29.10

9 U M Cables Ltd. Jelly filled cables 221.88 134.34 181.05 107.89 80.31% 41.40 37.06 2.91 11.24 13.47 10.03% 42.55 49.42 62.97 91.01 19.70 38.51 10.38 6.65 40.96 24.25 29.80

10 Delton Cables Ltd. Cables & other conductors 165.37 140.65 142.44 120.57 85.72% 13.67 12.53 9.62 11.49 9.87 7.02% 80.63 94.28 72.79 79.92 18.42 20.07 42.56 45.44 66.75 73.50 30.50

11 Cords Cable Inds. Ltd. Wires & cables, nec 222.39 220.41 197.76 205.62 93.29% 63.29 61.51 3.34 19.77 19.20 8.71% 61.19 78.62 62.68 107.12 19.34 25.82 10.99 23.16 21.31 32.82 31.40

12 Torrent Cables Ltd. Cross linked polyethylene cables (XLPE) 134.16 171.92 120.83 150.48 87.53% 15.13 70.00 2.15 13.63 15.17 8.82% 107.35 91.29 37.69 37.91 54.69 47.13 14.80 16.40 28.35 23.75 31.70

13 C M I Ltd. Jelly filled cables 51.37 48.21 47.58 40.92 84.88% 5.62 5.87 6.97 3.36 4.00 8.30% 50.28 83.95 50.82 70.85 19.23 28.06 33.91 34.39 43.05 41.94 32.60

14 Ravin Cables Ltd. Wires & cables, nec 307.19 164.97 230.89 134.93 81.79% 24.86 22.44 6.01 27.13 2.60 1.58% 75.12 145.31 51.50 48.59 16.89 27.68 27.99 28.88 61.95 89.89 32.70

15 Birla Ericsson Optical Ltd. Cables & other conductors 125.87 102.9 113.56 85.90 83.48% 26.36 32.12 2.67 -0.73 6.61 6.42% 66.14 75.84 43.22 38.22 64.60 61.44 26.95 19.25 30.36 22.07 34.00

16 Surana Telecom & Power Ltd. Jelly filled cables 88.24 45.6 82.78 37.72 82.72% 39.63 32.66 1.15 5.79 4.85 10.64% 66.22 100.39 80.23 13.44 46.24 91.02 18.16 31.83 31.46 50.75 36.90

17 Tamilnadu Telecommunications Ltd. Fibre optic cables 19.23 35.04 21.30 27.34 78.03% 16.59 16.24 1.68 -3.76 1.93 5.51% 275.07 213.07 493.09 459.44 125.33 103.31 120.33 75.61 125.26 77.78 44.90

TYRES

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small manufacturing companiessupply chain metrics small manufacturing companiessmall manufacturing companies

Page 136: Industry 2.0 March 2012

Illus

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Strong listening skills can make a critical difference in the performance of senior executives, but few are able to cultivate themby bernard t ferrari

A Guide to

ListeningBetter

management & strategy

www.industry20.com134 march 2012 | industry 2.0 - technology management for decision-makers

Page 137: Industry 2.0 March 2012

Listen•�To�build�a�base�of�knowl-edge�that�generates�fresh�insights�and�ideas

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A senior executive of a large consumer goods company spotted a bold partnership opportunity in an important developing market, and wanted to pull the trigger quickly to stay ahead of competitors. In

meetings on the topic with the leadership team, the CEO noted that this trusted colleague was animated, adamant, and very persuasive about the move’s game-changing potential for the company. The facts behind the deal were solid.

The CEO also observed something troubling, howev-er: his colleague wasn’t listening. During conversations about the pros and cons of the deal and its strategic rationale, for example, the senior executive wasn’t open to avenues of conversation that challenged the move or entertained other possibilities. What’s more, the tenor of these conversations appeared to make some colleagues uncomfortable. The senior executive’s poor listening skills were short-circuiting what should have been a healthy strategic debate.

Eventually, the CEO was able to use a combina-tion of diplomacy, tactful private conversation, and the bureaucratic rigour of the company’s strategic-planning processes to convince the executive of the need to listen more closely to his peers, and engage with them more productively about the proposal. The resulting conversations determined that the original deal was sound but that a much better one was available—a partnership in the same country. The new partnership presented slightly less risk to the company than the original deal but had an upside potential exceeding it by a factor of ten.

Why Listen?The situation facing the CEO will be familiar to many senior executives. Listening is the front end of decision making. It’s the surest, most efficient route to inform-ing the judgments we need to make, yet many of us have heard, at one point or other in our careers, that we could be better listeners. Indeed, many executives take listening skills for granted, and focus instead on learning how to articulate and present their own views more effectively.

This approach is misguided. Good listening—the active and disciplined activity of probing and challeng-ing the information garnered from others to improve its quality and quantity—is the key to building a base of knowledge that generates fresh insights and ideas. Put more strongly, good listening, in my experience, can of-ten mean the difference between success and failure in business ventures (and hence between a longer career and a shorter one). Listening is a valuable skill that most executives spend little time cultivating.

The many great listeners I’ve encountered through-out my career as a surgeon, a corporate executive, and

a business consultant have exhibited three kinds of be-haviour I’ll highlight in this article. By recognising—and practicing—them, you can begin improving your own listening skills and even those of your organisation.

1. Show respectOne of the best listeners I have ever observed was the chief operating officer (COO) of a large medical institu-tion. He once told me that he couldn’t run an opera-tion as complex as a hospital without seeking input from people at all levels of the staff—from the chief of surgery to the custodial crew. Part of what made him so effective, and so appealing as a manager, was that he let everyone around him know he believed each of them had something unique to contribute. The respect he showed them was reciprocated, and it helped fuel an environment where good ideas routinely came from throughout the institution.

The COO recognised something that many execu-tives miss: our conversation partners often have the know-how to develop good solutions, and part of being a good listener is simply helping them to draw out critical information and put it in a new light. To harness the power of those ideas, senior executives must fight the urge to ‘help’ more junior colleagues by providing

immediate solutions. Leaders should also respect a col-league’s potential to provide insights in areas far afield from his or her job description.

Here’s an example: I recall a meeting between a group of engineers and the chief marketing officer (CMO) at a large industrial company. She was con-cerned about a new product introduction that had fallen flat. The engineers were puzzled as well; the company was traditionally dominated by engineers with strong product-development skills, and this group had them too. As the CMO and I discussed the technological aspects of the product with the engineers, I was struck by their passion and genuine excitement about the new device, which did appear to be unique. Although we had to stop them several times to get explanations for vari-ous technical terms, they soon conveyed the reasons for their attitude—the product seemed to be not only more efficient than comparable ones on the market but also easier to install, use, and maintain.

After a few minutes, the CMO, who had been listen-ing intently, prompted the engineers with a respectful leading question: “But we haven’t sold as many as you thought we would in the first three months, right?”

Good�listening can often mean the�difference�between�success�and�failure in�business�ventures

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“Well, actually, we haven’t sold any!” the team leader said. “We think this product is a game changer, but it hasn’t been selling. And we’re not sure why.”

After a pause to make sure the engineer was fin-ished, the CMO said, “Well, you guys sure seem certain that this is a great product. And you’ve convinced the two of us pretty well. It seems that customers should be tripping over themselves to place orders. So assuming it’s not the product’s quality that’s off, what else are your customers telling you about the product?”

“We haven’t spoken to any customers,” the engineer replied.

The CMO blanched. As the conversation continued, we learned that the product had been developed under close wraps, and that the engineers had assumed its virtues would speak for themselves. “But maybe not,” said the team leader. “Maybe we ought to push it a little more. I guess its good traits aren’t so obvious if you don’t know a lot about it.”

That engineer had hit the nail on the head. The device was fine. Customers were wary about switching to something untested, and they hadn’t been convinced by the specs the company’s sales team touted. As soon as the engineers began phoning their counterparts in the customers’ organisations (an idea suggested by the engineers themselves), the company started receiving orders.

Had the CMO looked at the problem by herself, she might have suspected a shortcoming with the product. But after some good listening and targeted follow-up questions, she helped to extract a much better solution from the engineers themselves. She didn’t cut the conversation short by lecturing them on good marketing techniques or belittling their approach; she listened and asked pointed questions in a respectful manner. The product ultimately ended up being a game changer for the company.

Being respectful, it’s important to note, didn’t mean that the CMO avoided asking tough questions—good listeners routinely ask them to uncover the information they need to help make better decisions. The goal is ensuring the free and open flow of information and ideas.

I was amused when John McLaughlin, the former deputy director of the US Central Intelligence Agency, told me that when he had to make tough decisions he often ended his conversations with colleagues by asking, “Is there anything left that you haven’t told me . . . because I don’t want you to leave this room and go down the hall to your buddy’s office and tell him that I just didn’t get it.” With that question, McLaughlin com-municated the expectation that his colleagues should be prepared; he demanded that everything come out on the table; and he signalled genuine respect for what his colleagues had to say.

To�improve�your�listening�skills,�you�must�learn�what’s�keeping�you�from�seeking�and�hearing�the�information�you�need.�Below�are�descriptions�of�

six�of�the�more�common�archetypes�of�bad�listeners.�Any�one�individual�can�demonstrate�these�archetypes�at�different�times�and�under�different�circumstances.�I�admit�that�I’ve�demonstrated�all�six,�sometimes�on�the�same�day.�During�your�business�conversa-tions�this�week,�see�if�you�recognise�any�of�these�kinds�of�bad�listeners—or�recognise�them�in�yourself—and�track�the�results.�If�you�can�use�the�descriptions�below�to�set�up�some�alarm�bells�for�your�own�off-putting�behavior,�you’ve�taken�the�first�step�in�curing�what�ails�you.

The OpinionatorThe�Opinionator�listens�to�others�primarily�to�determine�whether�or�not�their�ideas�conform�to�what�he�or�she�already�believes�to�be�true.�Opinionators�may�appear�to�be�listening�closely,�but�they�aren’t�listening�with�an�open�

mind�and�instead�often�use�their�silences�as�op-portunities�to�‘reload’.�While�Opinionators�may�have�good�intentions,�the�effect�of�this�listening�style�is�to�make�conversation�partners�uncomfortable�or�even�to�intimidate�them.�Opinionators�routinely�squelch�their�colleagues’�ideas.

The GrouchGrouches�are�poor�listeners�who�are�blocked�by�a�feeling�of�certainty�that�your�idea�is�wrong.�One�typical�grouch,�a�top�execu-tive�I�worked�with�at�an�industrial�company,�made�no�secret�of�his�contempt�for�other�people’s�ideas.�

A�Field�Guide�to����������Bad�Listeners

2. Keep quietI have developed my own variation on the 80/20 rule as it relates to listening. My guideline is that a conversa-tion partner should be speaking 80 per cent of the time, while I speak only 20 per cent of the time. Moreover, I seek to make my speaking time count by spending as much of it as possible posing questions rather than try-ing to have my own say.

That’s easier said than done, of course—most ex-ecutives are naturally inclined to speak their minds.

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He�approached�conversations�as�a�necessary�evil�and�sent�the�implicit�message:�“You’re�full�of�it.�You’re�a�fool.�Why�did�you�think�I’d�be�interested�in�this?”�Through�perseverance,�people�could�get�through�to�him�in�conversations,�painful�though�that�was.�However,�many�of�his�colleagues�simply�didn’t�have�the�energy�to�break�down�his�barriers�every�time�they�needed�to�express�an�idea�to�him.

The PreamblerThe�Preambler’s�windy�lead-ins�and�questions�are�really�stealth�speeches,�often�intended�to�box�conversation�partners�into�a�corner.�Preamblers�use�questioning�to�steer�the�discussion,�send�warnings,�

or�generate�a�desired�answer.�I�remember�a�meeting�with�one�Preambler,�the�chairman�and�CEO�of�a�medical�complex,�who�(by�my�watch)�spent�15�minutes�posing�slanted�questions�and�making�rhetorical�assertions�that�all�supported�a�recommendation�he�wanted�to�make�to�his�board.�Such�behaviour�epitomises�one-way�communication.

The PerseveratorPerseverators�talk�a�lot�without�saying�anything.�If�you�pay�close�attention�to�one�of�these�poor�listeners,�you’ll�find�that�their�com-ments�and�questions�don’t�advance�the�conversation.�As�often�as�not,�Perseverators�are�editing�on�the�fly�

and�fine-tuning�their�thoughts�through�reiteration.�Perse-verators�use�the�thoughts�of�their�conversation�partners�to�support�their�own�prejudices,�biases,�or�ideas.�When�talking�to�one,�you�may�feel�that�the�two�of�you�are�having�completely�different�conversations.

A�Field�Guide�to����������Bad�ListenersThe Answer ManEveryone�wants�to�solve�problems,�but�Answer�Man�spouts�solutions�before�there�is�even�a�consensus�about�the�challenge—a�clear�signal�that�input�from�conversation�partners�isn’t�needed.�Answer�Man�may�

appear�at�first�to�be�an�Opinionator.�But�the�latter�is�motivated�by�strong�feelings�of�being�right,�while�the�former�is�desperately�eager�to�please�and�impress.�You�know�you�are�speaking�to�Answer�Man�if�your�conversation�partner�can’t�stop�providing�solutions�and�has�ready�answers�for�any�flaws�you�point� out,�as�well�as�quick�rejoinders�to�all�the�points� you�raise.

The PretenderPretenders�feign�engagement�and�even�agreement�but�either�aren’t�interested�in�what�you’re�saying�or�have�already�made�up�their�minds.�The�worst�Pretender�I�ever�met�was�the�CEO�of�a�healthcare�

company�who�had�all�the�right�moves:�he�seemed�to�hang�on�every�word�uttered,�for�example,�and�frequently�won�people�over�with�a�knowing,�empathetic�smile.�That�gave�his�conversation�partners�every�indication�that�he�was�processing�their�words�and�agreeing�with�them.�Yet�eventually�his�colleagues�would�realise�that�he�had�not�acted�on�anything�they’d�said�or,�worse,�didn’t�have�access�to�that�information�when�it�was�time�to�make�decisions�or�take�action.

Still, you can’t really listen if you’re too busy talking. Besides, we’ve all spent time with bad listeners who treat conversations as opportunities to broadcast their own status or ideas, or who spend more time formulating their next response than listening to their conversation partners. Indeed, bad listening habits such as these are ubiquitous.

I should know because I’ve fallen into these traps myself. One experience in particular made me realise how counterproductive it is to focus on your own ideas

during a conversation. It was early in my career as a consultant and I was meeting with an important client whom I was eager to impress. My client was a no-nonsense, granite block of a man from the American heartland, and he scrutinised me over the top of his reading glasses before laying out the problem: “The budget for next year just doesn’t work, and we are ask-ing our employees to make some tough changes.”

All I heard was his concern about the budget. With-out missing a beat, I responded to my client and his

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number-two man, who was seated alongside him: “There are several ways to address your cost prob-lem.” I immediately began reeling off what I thought were excellent suggestions for streamlining his business. My speech gained mo-mentum as I barrelled ahead with my ideas. The executive listened silently—and attentively, or so it seemed. Yet he didn’t even move, except to cock his head from time to time. When he reached for a pen, I kept up my oration but watched with some annoyance as he wrote on a small notepad, tore off the sheet of paper, and handed it to his associate. A smile flitted almost imperceptibly across that man’s face as he read the note.

I was already becoming a bit peeved that the executive had dis-played no reaction to my ideas, but this little note, passed as though between two schoolboys, was too much. I stopped talking and asked what was written on the paper.

The executive nodded to his as-sociate. “Show him.”

The man leaned across the table and handed me the note. My client had written, “What the hell is this guy talking about?”

Fortunately, I was able to see the humour in the situation and to recognise that I had been a fool. My ego had gotten in the way of listen-ing. Had I paid closer attention and probed more deeply, I would have learned that the executive’s real

concern was finding ways to keep his staff motivated while his com-pany was shrinking. I had failed to listen and compounded the error by failing to keep quiet. Luckily for me, I was able to get a second meeting with him.

It’s not easy to stifle your impulse to speak, but with patience and practice you can learn to control the urge and improve the quality and ef-fectiveness of your conversations by weighing in at the right time. Some people can intuitively grasp where to draw the line between input and interruption, but the rest of us have to work at it. John McLaughlin ad-vises managers to think consciously about when to interrupt and to be as neutral and emotionless as pos-sible when listening, always delay-ing the rebuttal and withholding the interruption. Still, he acknowledges that interrupting with a question can be necessary from time to time to speed up or redirect the conver-sation. He advises managers not to be in a hurry, though—if a matter gets to your level, he says, it is probably worth spending some of your time on it.

As you improve your ability to stay quiet, you’ll probably begin to use silence more effectively. The CEO of an industrial company, for example, used thoughtful moments of silence during a meeting with his sales team as an invitation for its junior members to speak up and talk through details of a

new incentive programme that the team’s leader was proposing. As the junior teammates filled in these moments with new information, the ensuing rich discussion helped the group (including the team leader) to realise that the programme needed significant retooling. The CEO’s silence encouraged a more meritocratic—and ultimately supe-rior—solution.

When we remain silent, we also improve the odds that we’ll spot nonverbal cues we might have missed otherwise. The medical institution’s COO, who was such a respectful listener, had a particular knack for this. I remember watch-ing him in a conversation with a nurse manager, who was normally articulate but on this occasion kept doubling back and repeating herself. The COO realised from these cues that something unusual was going on. During a pause, he surprised her by asking gently, “You don’t quite agree with me on this one, do you? Why is that?” She sighed in relief and explained what had actually been bugging her.

3. Challenge assumptionsGood listeners seek to under-stand—and challenge—the assumptions that lie below the surface of every conversation. This point was driven home to me the summer before I went to college, when I had the opportunity to hang out with my best friend at a base-ball park. He had landed a job in the clubhouse of the Rochester Red Wings, then a minor-league farm team for the Baltimore Orioles. That meant I got to observe Red Wings manager Earl Weaver, who soon thereafter was promoted to Balti-more, where he enjoyed legendary success. Weaver was considered fiery and cantankerous, but also a baseball genius. To my 18-year-old eyes, he was nothing short of terrifying—the meanest and most profane man I’d ever met.

Weaver wasn’t really a listener;

It’s�not�easy�to�stifle�the�impulse to�speak�but�with�patience and�practice�you�can�control�the�urge

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he seemed more of a screamer in a perpetual state of rage. When a young player made an error, Weaver would take him aside and demand an explanation. “Why did you throw to second base when the runner was on his way to third?” He’d wait to hear the player’s reasoning for the sole purpose of savagely tearing it apart, usually in the foulest language imaginable and at the top of his lungs.

But now and then, Weaver would be brought up short; he’d hear something in the player’s ex-planation that made him stop and reconsider. “I’ve seen that guy take a big wide turn several times but then come back to the bag. I thought maybe if I got the ball to second really fast, we could catch him.” Weaver knew that the move the player described was the wrong one. But as ornery as he was, he apparently could absorb new information that temporarily upended his assumptions. And, in doing so, the vociferous Weaver became a listener.

Weaver called his autobiography It’s What You Learn After You Know It All That Counts. That Zen-like philosophy may clash with the Weaver people thought they knew. But the title stuck with me because it perfectly states one of the corner-stones of good listening: to get what we need from our conversations, we must be prepared to challenge long-held and cherished assumptions.

Many executives struggle as listeners because they never think to relax their assumptions and open themselves to the possibilities that can be drawn from conversations with others. As we’ve seen, entering conversations with respect for your discussion partner boosts the odds of productive dialogue. But many executives will have to undergo a deeper mindset shift—toward an embrace of ambiguity and a quest to uncover “what we both need to get from this interaction so that we can come out smarter.” Too many

good executives, even exceptional ones who are highly respectful of their colleagues, inadvertently act as if they know it all, or at least what’s most important, and subse-quently remain closed to anything that undermines their beliefs.

Such tendencies are, of course, deeply rooted in human behaviour. So it takes real effort for execu-tives to become better listeners by forcing themselves to lay bare their assumptions for scrutiny and to shake up their thinking with an eye to reevaluating what they know, don’t know, and—an important point—can’t know.

Arne Duncan, the US Secretary of Education, is one such listener. He believes that his listening im-proves when he has strong, tough people around him who will chal-lenge his thinking and question his reasoning. If he’s in a meet-ing, he makes sure that everyone speaks, and he doesn’t accept silence or complacency from anyone. Arne explained to me that as a leader, he tries to make it clear to his colleagues that they are not trying to reach a common viewpoint. The goal is common action, not common thinking, and he expects the people on his team to stand up to him whenever they disagree with his ideas.

Duncan uses a technique I find helpful in certain situations: he will deliberately alter a single fact or assumption to see how that changes his team’s approach to a problem. This technique can help senior executives of all stripes step back and refresh their thinking. In a planning session, for example, you might ask, “We’re assuming a 10 per cent attrition rate in our customer base. What if that rate was 20 per cent? How would our strategy change? What if it was 50 per cent?” Once it’s understood that the discussion has moved into the realm of the hypothetical, where people can challenge any underly-ing assumptions without risk, the

creative juices really begin to flow.This technique proved useful

during discussions with executives at a company that was planning to ramp up its M&A activity. The company had a lot of cash on hand and no shortage of opportunities to spend it, but its M&A capabilities appeared to have gone rusty (it had not done any deals in quite some time). During a meeting with the M&A team and the head of business development, I asked, “Listen, I know this is going to be a little bit shocking to the system, but let’s entertain the idea that your team doesn’t exist. What kind of M&A function would we build for this corporation now? What would be the skills and the strategy?”

The question shook up the team a bit initially. You have to be respectful of the emotions you can trigger with this kind of specula-tion. Nonetheless, the experiment started a discussion that ultimately produced notable results. They included the addition of talented new team members who could provide additional skills that the group would need as it went on to complete a set of multibillion-dollar deals over the ensuing year.

Throughout my career, I’ve observed that good listeners tend to make better decisions, based on better-informed judgments, than ordinary or poor listeners do—and hence tend to be better leaders. By showing respect to our conver-sation partners, remaining quiet so they can speak, and actively opening ourselves up to facts that undermine our beliefs, we can all better cultivate this valuable skill.

Bernard Ferrari is an alumnus of McKinsey’s Los Angeles and New York offices, where he was a director; he is currently the Chairman of Ferrari Consultancy. Elements of this article were adapted from his upcoming book, Power Listening: Mastering the Most Critical Business Skill of All (Penguin, March 2012).

This article was originally published in McKin-sey Quarterly, www.mckinseyquarterly.com. Copyright (c) 2012 McKinsey & Company. All rights reserved. Reprinted by permission.

LISTEN•��Not�to�reach�a�consensus�but�a�com-mon�course�of�action�

•�To�be�open�to�all�possibili-ties�in�a�situ-ation

•�Become�a�better�deci-sion-maker

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An organisation’s IT risk profile is constantly impacted by a number of significant trends of which few can be

called ‘megatrends’. Each of these megatrends brings with it great opportunities as well as new and complex challenges. Cloud comput-ing and mobile computing are two megatrends that are significantly impacting the IT risk profiles of businesses. Ernst & Young’s stud-ies over the last two years have revealed that about 60 per cent of businesses perceive an increase in the level of risk they face due to the use of social networking, cloud computing and personal devices in the enterprise; and 57 per cent have modified their IT security policies to address risks posed by mobile computing (EY’s Global Information Security Survey, 2010 and 2011).

Understanding Shadow ITIn this new IT environment, ‘shadow IT’ is one of the key risks that needs to be addressed.

by samiron ghoshal

Since cloud services and mobile computing are here to stay, it is important for senior managers to understand and appreciate the risks of using these technologies

Managingof Shadow ITthe Risks

Samiron Ghoshal is partner and leader, IT advisory Services at Ernst and Young. The views expressed herein are the personal views of the author and do not necessarily represent the views of Ernst & Young Global, or any of its member firms

In simple terms, ‘shadow IT’ is the IT environment (software, data, infrastructure and support) used by a business function or a segment of employees without explicit management approval. As a consequence, the corporate IT function is not aware of the existence of such environment(s) and, therefore, they operate outside all established corporate standards and security controls.

Shadow IT environments are not new. Traditionally, one of the major reasons for such environments coming into being has been the IT function’s inability to respond fast enough to the needs of business units. Surveys have routinely revealed that a majority of employees have felt the need to work around a company’s security policies and procedures to get their job done. The importance of shadow IT is increasing because of the ease with which cloud and mobile platforms are enabling procurement and creation of such

environments, and the consequent risks it poses to a business.

Cloud-based solutions are now available for collaboration, social networking, project management, CRM, online back up and many other business process related services. On the positive side, such experiments can promote innovation, and these solutions may turn out to be prototypes for future business applications. Easily downloadable mobile ap-plications create a parallel soft-ware ecosystem for businesses that permit enterprise mobility options. The time from procure-ment to deployment can often be measured in minutes, and all are available through the ubiquitous web browser or mobile devices.

Growing RiskThe activities of employees on blog spaces, social networking sites and free cloud-based col-laboration tools without appropri-ate corporate level approvals also open up possibilities of business Pi

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information existing in external environments without associated information security controls. It has, therefore, become impera-tive for CIOs to acknowledge the existence of such environments and find methods to integrate them into the mainstream IT environment of a business. It is also putting undue pressure on IT functions to respond faster to business needs, while their bud-gets are being regularly trimmed.

The necessity to bring shadow IT environments into the mainstream business stems from a variety of reasons, including:

• Regulatory compliance, data privacy and information secu-rity: In recent years, government regulations in India have been fo-cussing strongly on data privacy. The challenge with data privacy is the need to manage data across the data lifecycle that includes collection, use, retention and disclosure stages. The domains of data that are subject to these regulations include data relating to current and former employ-ees, business partners, investors and customers. In an organisa-tion where shadow IT systems proliferate, the risks of breach of these regulatory requirements is very high. In addition, service organisations that need to comply with regulations such as SSAE 16 also need to look at this as a seri-ous business and reputation risk in the event that any sensitive information is compromised as a consequence of these systems.

• Inconsistencies in business processes and data: Since shadow systems are created without proper consultation, these

systems proliferate workflows and data that may not be consistent with standard operating procedures and data standards that the organisation may have already established.

• Hidden costs of IT: Spending on shadow IT systems, busi-ness functions, creates a paral-lel stream of IT spending which becomes difficult to account for. This also means having a sepa-rate team provided by an external vendor supporting corporate IT environments, bypassing in-house support teams.

Corporate leaders can adopt various steps to align shadow IT with business mainstream. These include:

• Tailoring the IT architecture, policies and procedures to enable adoption of cloud, social networks and mobile computing. Since cloud, social networks

and mobile-enabled computing are here to stay, the faster the architecture and policy changes are made, the easier it will be to achieve integration.

• Integrate after conducting a quick scan, followed by business case evaluation. While the solution options are many, most business users often need a limited set of offerings due to the strong benefits they deliver. A dipstick survey followed by a business case evaluation can easily help in identifying those solutions that have strong employee need/adoption. Create a policy framework to integrate them into the corporate mainstream. Those that do not meet the evaluation criteria should to be weeded out.

• Establish clear processes for identifying business needs, and delivering IT solutions. This will address the root cause of shadow IT. Employees need to be aware about how to communicate business needs to the IT function. Having a definite process to listen to employees’ suggestions, and committing to definite service levels for turnaround of new

Megatrends that have impacted IT risk profiles since 1995

“Shadow IT is one of the key risks that needs to be addressed by the CIOs"

Evolving business models Emerging threats Increasing regulatory requirements

1995 - 1999

Start of internet era

E-commerce boom

Internet and web services attacks

Evolution of connected economy

EU-data protection directives

Y2kIncreased awareness

of insider risks, intellectual property

Major damage incidents through intrusions (viruses, worms, DOS attacks, etc)

9/11-War against terrorism

Extended enterprises

Increasing trend towards BPO/IT

outsourcing

Increased cybercrime and

phishing

Payment card industry data

security st.

Organised industrial espionage

Rise in online fraud

Smartphones and mobile computing

business

Increasing identity theft

WikiLeaks incident

Focussed terrorist threats

Cloud computing

Sarbanes-Oxley

2000 - 2003 2004 - 2007 2008 - 2012

Risk exposure

Internet startup E-commerce Extended enterprise

Borderless enterprise

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business-IT needs will eliminate the creation of shadow IT environments. Set up a dedicated programme management office to evaluate business needs and roll out new solutions.

In addition to these steps, CIOs may also need to look at their IT investment strategy and the adequacy of the IT budgets to support the rapidly changing IT ecosystem. In a recent CxO survey conducted by Ernst & Young, while ‘investing in IT’ was ranked second in terms of the overall portfolio of opportuni-ties for 2012, the following five challenges to IT investments were also reported:• Insufficiency of current levels of

investment to achieve business results

• Failure of the organisation to prioritise IT

• Lack of alignment between IT department and organisation needs/strategy

• Focus on technical challenges rather than business challenges

• Insufficient investment in skilled personnelIn conclusion, cloud-based

solutions, social networks and mobility are challenging traditional IT operating models. The timeline expectations for deployment of IT solutions have changed with the availability of cloud-based models.

The number and variety of mobile devices that employees use is adding to the complexity. Social networks are opening up new information security challenges and adding a new dimension to shadow IT and associated business risks. There is a strong case for re-evaluating IT operating models for integrating them into the IT ecosystem.

Strengths• Connectivity for a mobile workforce• BYO hardware cost savings and

IT RoI• Gen Y are ready-equipped with skills

to operate

Weaknesses• iPad effect—pressure on CIO to keep up with

employee expectations• System integration challenges• Mobile apps produce a different (greater) level of

security requirement•Concerns over user habits

Opportunities• Once just email, now more application

opportunities being leveraged•New markets opening in security and protection• Wider use of (social media) enterprise

collaboration tools•Teleworking can enable more work/life balance

Threats•Security issues• Brand insecurity within social media

environment• Blurring of work-life boundaries and

employee burnout

Mobile Devices in the Workplace(Smartphones & Tablets)

InformatIon Technology

Page 145: Industry 2.0 March 2012

The 5th IFIP World IT ForumSUSTAINABLE HUMAN DEVELOPMENT

AGRICULTURE I EDUCATION I e-GOVERNANCE I HEALTH

16 - 18 April, 2012Vigyan Bhawan,

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PRESENTED BY IN PARTNERSHIP WITH ORGANISING PARTNER

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Ideas. Innovations. Insights. Breaking new ground in the development debate

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Over 500 registrations and counting…

REGISTER NOW @ www.witfor.orgRegistration closes on 31st March 2012

PLENARY SESSIONS:

Open Government/Open Innovation

ICT for Development

Social Media for Citizen Empowerment

Policymakers' Panel

SOME OF OUR SPEAKERS

Mr. Kapil Sibal

Minister for Communications & Information Technology and Human Resource Development, Government of India

Mr. Nandan Nilekani

Chairman, Unique Identification Authority of India (UIDAI)

Mr. Arun Maira

Member Planning Commission, Government of India

Mr. David Hume

Executive Director, Citizen Engagement, Government of British Columbia, Canada

Mr. Jānis Kārkliņš

Assistant Director-General, Communication and Information Sector, UNESCO

Prof. Geoff Walsham

Judge Business School, Cambridge University, UK

Dr. Samantha Liscio

Corporate Chief Strategist, Ontario Public Service, Government of Ontario, Canada

Mr. Ajit Balakrishnan

Founder, Chairman & CEO, Rediff.com

Mr. Padamvir Singh

Director, Lal Bahadur Shastri National Academy of Administration, India

Prof. Ashok Jhunjhunwala

Indian Institute of Technology - Madras, India

amongst many more...

PARTNERASSOCIATE PARTNERSUPPORTING PARTNER CONSULTATIVE PARTNER

AGRICULTURE: Developing solutions for food security and public distribution, raising productivity and improving

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e-GOVERNANCE: Empowering the State's agenda of delivering ‘anytime, anywhere’ services to its citizens, building capacities and

fostering transparency

HEALTH: Creating viable public health management systems; effective service delivery channels to improve health outcomes and

better human resource management

FOCUS AREAS:

Page 146: Industry 2.0 March 2012

Corporate leaders have many things to learn from the way the Jan Lokpal Bill is being negotiatedby david lim

You can’t have visited India in mid-2011 with-out learning something about the agitation and political give-and-take

related to the Jan Lokpal Bill and the attendant sound and fury. So, what can we, as leaders, learn from the negotiation approaches taken by the various camps involved? While not an expert, or a scholar in these matters; here’s my view as a negotiation expert on what trans-pired and what the two sides could have done to get more traction.

The context seems straight-forward: The Hindu reported that nearly $1.5 trillion in ‘black money’

(or illegally transacted funds) from India lies in Swiss banks. Since 1968, an ombudsman bill has been unsuccessful in clearing India’s Par-liament on a dozen occasions. The enactment of such a Bill, and the organs thereof, is viewed by many in India as one more weapon in the fight by ordinary citizens against corruption. When the 2010 Lokpal Bill was offered, many social activ-ists, including the Gandhian Anna Hazare thought it was insufficient, and mooted their own “citizen’s bill”—the Jan Lokpal. Right from the onset, there were issues which affected the negotiation ability of the leaders from both camps.

No Clarity on a BATNAI have always emphasised the importance of having a Best Alternative to Negotiated Agreement (BATNA) before beginning a negotiation.

Apart from Anna Hazare’s fast and agitation, the challenge for the India Against Corruption movement (IAC) was to come up with a BATNA if their Jan Lokpal proposal was rejected. Unfortunatey, the lack of a typical party machinery, or even a leadership structure, hampered the movement’s ability to come up with a concrete BATNA.

By sticking with the Jan Lokpal

and drumming up support for it, the IAC participated in brinkmanship. This does not aid the principle of building partnerships in a two-sided negotiation. Some BATNA elements must have come up in Round Two when a Joint Drafting Commit-tee was formed with government representatives and social activists. However, an impasse was created as no agreement could be reached. As a result, the Parliament is now debating the Lokpal bill as written by the government—for all its strengths and weaknesses. This gives rise to the second situation.

Negotiating on PositionsIf the interests of the IAC groups were to reduce corruption and increase transparency, they hobbled these interests by possibly adopting very unyielding positions so as to not lose face and support from their constituency. The government also lost social and political capital by sticking to various positions such as the ‘extra-constitutional’ demands of the social activists. By locking out integrative solutions ie, solutions which combined the most workable proposals from either side; India might well get a much lower quality Lokpal Bill when it emerges. Pi

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Lessons in Negotiation

management & strategy

www.industry20.com144 march 2012 | industry 2.0 - technology management for decision-makers

Page 147: Industry 2.0 March 2012

Points to Ponder•��By�sticking�with�the�Jan�Lokpal,�the�IAC�par-ticipated�in�brinkmanship

�•��Both�the�government�and�the�IAC�were�often�confused,�and�delivered�uncoordi-nated�public�messages�

would have been the way to go.The future of the Lokpal Bill

will definitely depend on what is negotiated between civil society and the Parliament; balancing citizens’ rights against the constitutional right of an elected government to run the country. The better the negotiators, the higher the quality of the outcome. But as long as an us-versus-them approach is taken stridently, it is difficult for parties to offer concessions, create integra-tive solutions or reach a solution which benefits the country.

David Lim, Founder, Everest motivation

Team, is a leadership and negotiation coach,

best-selling author and two-time Mt Everest

expedition leader. He can be reached at his

blog http:// theasiannegotiator.wordpress.com,

or at [email protected]

Breaking the ImpasseWhen negotiations reached an impasse, a number of things could have been done to improve the working relationship of the Joint Draft Committee. These include:• Taking a break• Changing some of the team members• Offering a concession• Bringing in a mediator

To what extent some (or all) of these were done, I am unsure. But, we do know that at some stage Sri Sri Ravi Shankar exerted his influence to get things moving again. When you can’t agree on a particular issue, get agreement in principle; that is, get agreement on anything you can, even if it is only an agreement in principle. Exam-ples of strategies include:

• You might agree that in the past both parties have always been able to come to a mutually acceptable solution• You might agree on a deadline for completing certain issues, returning to them later if unresolved• You might even agree on an objec-tive procedure to resolve major differences, if and when they occur

Clarity In RolesIn the Jan Lokpal negotiations, both the government and the IAC were often confused, and delivered many uncoordinated public messages. Not only does this affect the quality of team negotiations, it also confuses your team and sometimes endangers hard won positions. Fewer spokespersons, clearer messages that stay ‘on message’

Form IVStatement�of�ownership�and�other�particulars�about�the�publication,�INDUSTRY�2.0�-

TECHNOLOGY�MANAGEMENT�FOR�DECISION-MAKERS,�as�per�Rule�8�of�the�Registration�of�Newspaper�(Central)�Rules�19561.�Place�of�publication� Nine�Dot�Nine�Interactive�(P)�Ltd. � � Bunlow�No.�725�Sector�1,�Shirvane, � � Nerul,�Navi�Mumbai�400706,�District��Thane� � ��������������������������������������������������������������������������������������������������2.�Periodicity�of�its�publication��������������������������������������������������� Monthly3.�Printer’s�name� Kanak�Ghosh � Nationality� Indian � (a)�Whether�a�citizen�of�India?� Yes � (b)�If�a�foreigner,�the�country�of�origin� N.A. � Address� Bungalow�No.�725,�Sector�1,�Shirvane, � � Nerul,�Navi�Mumbai�400706,�District��Thane� �4.��Publisher’s�name� Kanak�Ghosh�����Nationality� Indian�����(a)�Whether�a�citizen�of�India?� Yes�����(b)�If�a�foreigner,�the�country�of�origin� N.A.�����Address� Bungalow�No.�725,�Sector�1,�Shirvane,� � Nerul,�Navi�Mumbai�400706,�District��Thane� �5.��Editor’s�name� Anuradha�Das�Mathur������Nationality� Indian�����(a)�Whether�a�citizen�of�India?� Yes�����(b)�If�a�foreigner,�the�country�of�origin� N.A.�����Address� Bungalow�No.�725,�Sector�1,�Shirvane,� � Nerul,�Navi�Mumbai�400706,�District��Thane� �6.��Names�and�addresses�of�individuals�who�own��������� Nine�Dot�Nine�Interactive�(P)�Ltd.�����own�the�news�paper�and�partners�or��shareholders� Directors� holding�more�than�one�per�cent�of�the�total�capital�������� 1)�Dr�Pramath�Raj�Sinha,�2)�Mr.�Asheesh�Kumar,�3)�Mr.�Vikas�Gupta� � 4)�Ms�Anuradha�Das�Mathur,��5)�Mr.�Kanak�Ghosh� � Bunlow�No.�725�Sector�1,�Shirvane,� � Nerul,�Navi�Mumbai�400706,�District��ThaneI,�Kanak�Ghosh�hereby�declare�that�the�particulars�given�above�are�true�to�the�best�of�my�knowledge�and�belief.

� � � � � ����������������������Sd/-Dated�:�Ist�March,�2012���������������������������������������������������������� � � � ��������(Signature�of�Publisher)

Page 148: Industry 2.0 March 2012

opinion

www.industry20.com146 march 2012 | industry 2.0 - technology management for decision-makers

In a freewheeling conversation with Industry 2.0, Chairman Bernard Charlès and CEO Bertrand Sicot of DS Solidworks Corp discuss trends in design engineering, the evolution of Indian companies to using advanced tools

“There is a lot of room to make magic”

How is the design engineering space evolving?Charles: I don’t see the 3D CAD market as a saturated one. There are many companies using 2D solutions, and they could benefit from adopting 3D. For instance the furniture sector is still largely 2D. Even in the machine tool industry many drawings are 2D. The building and construction market is also flat, as is infrastructure.

On that infrastructure side the move to 3D has started. When the projects are complex, people discover that 3D is useful. In countries like India and China the transition is much faster because you have more new infrastructure under implementation.

I also see a huge opportunity in democratising the use of design tools, and making them easy to use. Typical CAD tools are hard to use and need a lot of training and education. By improving the

Bernard Charlès is President and CEO of Dassault Systèmes (DS), and Chairman of DS Solidworks. After graduat-ing with honours as a mechanical engineer from the prestigious Ecole Normale Supéri-eure in France, he joined DS in 1983. Under his leader-ship the company has become a world leader in design, manufacturing and PLM solutions

interfaces and usability we can spread the use of 3D design. We will also see design solutions evolving to run on different form factors and devices—CAD on tablet. This will improve accessibility and usability.

New type of online services that enable sharing and collaboration will transform the way designers work, and will make 3D CAD affordable to smaller companies. Finally, I see CAD solutions being complemented by a number of useful tools, eg analysis tools, to enable the design of better products in the virtual space.

Do you see companies in India using 3D CAD?Charles: In fact, India is the fastest growing market for us. The industries that are rapidly adopting 3D include transportation, defence, infrastructure engineering, en-

Page 149: Industry 2.0 March 2012

www.industry20.com 147 industry 2.0 - technology management for decision-makers | march 2012

ergy and engineering services. I think Indian companies are very ambitious, and will use design to accelerate the export of manufactured goods. Our challenge is to help these companies orchestrate the next generation processes for innovation and product development.

What capabilities are Indian companies looking for?Charles: In the last two years I have seen a change in the mindset. In the executive suite, the conversa-tion has moved beyond choosing, buying and using design tools. Companies now want to build a brand value for their products—and are thinking about how to differentiate themselves in the market. They want to transform themselves. This is a very inter-esting shift—and the reason why we think 3D design will be widely adopted in India. We are very excited about the opportunity. Of course, the challenge for us is to structure our own organisation and process-es to effectively serve customers.Sicot: Buying the technology is not the issue. But users will need to spend the time to learn to use

these powerful tools. We always advise customers to invest in training to realise the potential.

What is the future for the Solidworks solution? What are customers asking?Sicot: With every new release of SolidWorks, we con-tinue to invest in areas that will help our customers do their jobs better. We will be adding powerful design capabilities, better collaboration, increased perfor-mance, and a wide range of productivity features.

We continue to have requests from customers to simplify the way they can modify a design. Our users spend more time modifying existing designs, than creating new ones. That’s the way the industry works, so they need easy ways to achieve that. Users also want backward compatibility with older ver-sions of the software. Technically, this represents a challenge for us, since each new version of Solid-works adds information and functionality. So, going back is a big problem, because you could loose functionality or a feature in a design.

Dassault Systèmes has acquired a number of other companies over the years. Why?Charles: The new purpose of our company is to in-spire people to design for tomorrow. To do this, we want to create a collaborative platform that helps harmonise products, nature and life. We look for, and invest in, technologies that can improve model-ling, design and simulation of physical phenomena, complex systems, and physical materials. I believe that the 3D experience is the next horizon—and all our solutions need to deliver on this.

As a company that makes tools for invention, how do you innovate?Sicot: Innovation combines invention and teamwork. With innovation you have to change the way you are doing things. For Solidworks products we have two categories of improvements—new features and the delighters. For the delighters, we use feedback from users. Some of the top requests from our customers include performance improvement through the use of more CPU cores, convenience features like locating au-tomatic centre of gravity and intelligent dimensioning, and thread creation wizards. You’ll see some of these features in forthcoming releases of the software.

For innovations and new functionalities we research and come up with a solution. Of course, we need to make sure that each new release has enough delighters and innovations to keep Solidworks successful! In fact, we will be entering a new design segment, architecture and construction, with a product called Live Building. This is a diversification for us.

An engineer from France’s well-known Ecole Nationale Supérieure des Arts et Métiers, Bertrand Sicot started his career with DS Solidworks in 1997 as a sales manager. He is currently CEO of Solidworks. With more than 20 years of experience in international engineering businesses, Sicot is responsible for steering the company towards continued market leadership and profitability. Sicot has previously worked for IBM and Computervision in France

Page 150: Industry 2.0 March 2012

bookshelf

www.industry20.com148 march 2012 | industry 2.0 - technology management for decision-makers

What Matters Nowby Gary HamelPrice: $26.95Hardcover: 304 pagesPublisher: Jossey-Bass

Obviously, there are lots of things that matter now. But in a world of fractured certainties and battered trust, some things matter more than others. While the challenges facing organisations are limitless; leadership bandwidth isn’t.

That’s why you have to be clear about what really matters now. What are the fundamental, make-or-break issues that will determine whether your organisation thrives or dives in the years ahead? Hamel identifies five issues that are paramount: values, innovation, adaptability, passion and ideology. In doing so, he presents an essential agenda for leaders everywhere.

The Advantageby Patrick LencioniHardcover: 240 pagesPublisher: Jossey-Bass

There is a competitive advantage out there, arguably more powerful than any other. Is it superior strategy? Faster innovation? Smarter employees? Patrick Lencioni argues that the seminal difference between successful companies and

mediocre ones has little to do with what they know and how smart they are. It has more to do with how healthy they are. In this book, Lencioni brings together his vast experience and many of the themes cultivated in his other books and delivers a cohesive and comprehensive exploration of the unique advantage organisational health provides.

Simply put, an organisation is healthy when it is whole, consistent and complete, when its management, operations and culture are unified. Healthy organisations outperform their counterparts, are free of politics and confusion and provide an environment where star performers never want to leave. Lencioni’s book provides leaders with a groundbreaking, approachable model for achieving organisational health—complete with stories, tips and anecdotes from his experiences consulting to some of the nation’s leading organisations.

Liars and Outliersby Bruce SchneierPrice: $24.95Hardcover: 384 pagesPublisher: Wiley

Nothing in society works without trust. It’s the foundation of communities, commerce, and democracy. This has enabled society to scale to unprecedented complexity, but has also permitted massive global failures. At the same time, too much cooperation is bad. Without some level of rule-breaking and innovation social progress become impossible.

Liars and Outliers reaches across academic disciplines to develop an understanding of trust, cooperation, and social stability. From the subtle social cues we use to recognise trustworthy people to the laws that punish the non-compliant, from the neuro systems that reward our honesty to the bank vaults that keep out the dishonest, keeping people cooperative is a delicate balance of rewards and punishments. It’s a series of evolutionary tricks, social pressure, legal mechanisms, and physical barriers. Bruce Schneier tackles this complex subject head-on. Society can’t function without trust, and yet must function even when people are untrustworthy.

Teaming: How Organisations Learnby Amy C. EdmondsonPrice: $29.95Hardcover: 336 pagesPublisher: John Wiley & Sons

Continuous improvement, un-derstanding complex systems, and promoting innovation are all part of the landscape of learning challenges that companies face. In most organisations, the work that produces value for custom-ers is carried out by teams. Amy Edmondson shows that organi-

sations thrive, or fail to thrive, based on how well small groups within organisations work.

The problem is teams, and other dynamic groups, don’t learn naturally. Edmondson outlines the factors that prevent them from doing so, such as interpersonal fear, irrational beliefs about failure, groupthink, problematic power dynam-ics, and information hoarding. Using this book, organisational leaders can influence these factors by encouraging reflection, creating psychological safety, and overcoming defensive inter-personal dynamics that inhibit the sharing of ideas. Further, they can use practical management strategies to help organisa-tions realise the benefits inherent in both success and failure.

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www.industry20.com 149 industry 2.0 - technology management for decision-makers | march 2012

The Most Powerful Idea in the Worldby William RosenPrice: $17.00Paperback: 376 pagesPublisher: University of Chicago Press

Through a lively and passion-ate study of the engineering and scientific breakthroughs that led to the steam engine, this book argues that the very notion of intellectual property drove not

only the invention of the steam engine but also the entire Industrial Revolution: history’s first sustained era of economic improvement. To do so, Rosen conjures up an eccentric cast of characters, including the legal philosophers who enabled most the inventive society in millennia, and the scientists and inven-tors—Thomas Newcomen, Robert Boyle, and James Watt—who helped to create and perfect the steam engine.

With wit and wide-ranging curiosity, Rosen explores the power of creativity, capital, and collaboration in the brilliant engineering of the steam engine and how this power source, which fuelled factories, ships, and railroads, changed human history. Deeply informative and never dull, Rosen’s account is a rollicking ride through history, with careful scholarship and fast-paced prose in equal measure.

The Idea Factoryby Jon GertnerPrice: $29.95Hardcover: 432 pagesPublisher: Penguin Group (USA) Inc.

Bell Laboratories was the most innova-tive and productive institution of the 20th century. At its peak, the institution employed nearly 15,000 people, and 13 went on to win Nobel prizes. It was a citadel of science and scholarship, as

well as a hotbed of creative thinking. New York Times Magazine writer Jon Gertner unveils the

unique magic of Bell Labs through the eyes and actions of its scientists. He reveals the forces that set off this explosion of creativity by combining the best aspects of the academic and corporate worlds, hiring the brightest and usually the youngest minds, creating a culture and even an architecture that forced employees in different fields to work together, in virtually complete intellectual freedom. Written with a novelist’s gift for pacing and an ability to convey the thrill of innovation, The Idea Factory is a revelatory take on the business of invention.

Good Boss, Bad Bossby Robert I. SuttonPrice: $16.99Paperback: 352 pagesPublisher: Grand Central Publishing

Stanford Professor Robert Sutton weaves together the best psychological and management research with compelling stories and cases to reveal the mindset and moves of the best (and worst) bosses. As Dr Sutton digs into the nitty-gritty of what the best (and worst) bosses do, a theme runs throughout the book which brings together the diverse lessons, and is a hallmark of great bosses. They work doggedly to ‘stay in tune’ with how their followers (and superiors, peers, and customers too) react to what they say and do. The best bosses are acutely aware that their success depends on having the self-awareness to control their moods and moves, to accurately interpret their impact on others, and to make adjustments on the fly that continuously spark effort, dignity, and pride among their people.

American Iconby Bryce G HoffmanPrice: $26.00Hardcover: 432 pagesPublisher: Crown Publishing Group

At the end of 2008, Ford Motor Company was just months away from running out of cash. The US Congress offered a bailout, but Ford decided to save itself. It was an extraordinary risk, but it was the only way the Ford family could hold on to their company. Allan Mulally and his team pulled off one of the great est comebacks in business history, and Ford went from the brink of bankruptcy to being the most profitable automaker in the world.

American Icon is the compelling, behind-the-scenes account of that epic turnaround. To write this book Hoffman was granted unprecedented access to Ford’s top executives and top-secret company documents. He spent countless hours with Alan Mulally, Bill Ford, the Ford family, former executives, labour leaders, and company directors to put together this narrative nonfiction.

Page 152: Industry 2.0 March 2012

product update

www.industry20.com150 march 2012 | industry 2.0 - technology management for decision-makers

Micro Pump

The Type NMP05 diaphragm micro-pump from KNF Neuberger can be

used for sampling air and gases in a wide range of portable, battery-operated equipment applications. The pump measures 17mm (width)x26mm (height) x31mm (length) and weighs as little as 18g. The bolted-on pump head ensures excellent gas tightness, and an innova-tive moulded diaphragm with structured

surface enables maximum end vacuum and extended lifetime. A variety of economical, low-current, robust, brush-type DC motors or pre-

mium, longer-life, ironless-core DC and BLDC motors with integrated electronics featuring low EMI/RFI can be specified. A unique valve system promotes low aero-dynamic loss and optimised flow. Oil-less operation allows for uncontaminated flow of the pumped medium.

KNF Neuberger IncTel: +1- 609-8908600Website: www.knf.com

Stacker

The Stack-n-Go compact stackers

are available in fork-over and straddle designs, and offer many ergonomic features. They are designed for manoeuverability, and built on short, stable wheelbases. These multipurpose machines can be

used for transporting loads on pallets and stacking loads up to 7.5 ft. They can also serve as adjustable workstations for loading or unloading. The offset control handle and the 62-inch high mast gives the operator a clear forward view, and ergonomic handles puts all controls within easy reach.

Southworth Products CorpTel: +1- 800-5949668Website: www.southworthproducts.com

Panel-Mount Connectors

Binder-USA has launched 7/8-inch panel-mount connectors with DIP solder contacts in

the Series 820 and 870 connector families. The DIP solder contacts enables the connectors to be mounted on a PCB. The new receptacles are available in both male and female versions with 2+PE, 4 and 4+PE gold-plated contacts. Front and rear-mountable positions allow for the receptacles to be mounted from the back or front of a panel. The 7/8-inch connectors are suitable for power supplies, Fieldbus and Ethernet applications.

Binder-USA Tel: +1- 805-4379925Website: www.binder-usa.com

Accelerometer

The 3263A series of miniature IEPE triaxial accelerom-eters has an overall weight of just 5.6g. Available in three

sensitivities (10, 50, and 100 mV/g), the series combines ceramic shear sensing elements and low-noise electron-ics in a titanium housing. The sensor units have a broad frequency response, and feature a 4-pin radial connector with an internal 4-40 thread for stud mounting. Hermetically sealed for high humidity and dirty environments, the acceler-ometers are well suited for automotive applications, includ-

ing modal and structural analysis, NVH, squeak and rattle, and vibration control

Dytran Instruments IncTel: +1- 818-7007818Website: www.dytran.com

Filter Media Mott has developed a new filtration

media that is all-metal. It performs sterilising grade filtration that meets ASTM F838-05 for bacterial retention. Available in 316L stainless steel or titani-um, the product is autoclavable, biocompatible, impervious to solvents, and compatible with most organic compounds and complex drug chemistries.

Engineered for external use or for integration in implant-able devices, the media is suited for filters that prevent plug-ging of catheters, drug delivery devices, medical instrumen-tation, and gas flow restrictor devices.

Mott CorporationTel: +1-800-2896688Website: www.mottcorp.com

Cap Torque Tester

The TT01 series of digital cap torque testers enables auto-mation of manual cap torque testing applications in labo-

ratory or production environments. The series is suitable for use by closure manufacturers, bottlers, food and beverages, pharmaceuticals, consumer products, and other industries. The tester features adjustable posts and alternate gripping attachments for unique container profiles. The devices capture peak readings for applica-tion and removal torques. Data output is through USB, RS-232, and Mitutoyo.

The testers can store up to 1,000 readings, and calculate statistics for the data. The series TT01 testers in-clude MESURTM Lite basic data acqui-sition software, USB cable, set of four adjustable sample gripping posts, AC adapter, rechargeable battery, user’s guide, and NIST-traceable certificate of calibration.

Mark-10 CorpTel: +1- 631-8429200 Website: www.Mark-10.com

Page 153: Industry 2.0 March 2012

www.industry20.com 151 industry 2.0 - technology management for decision-makers | march 2012

Adhesive Film

Pres-On has developed a new ‘free film’ acrylic adhesive for OEM’s, who require the immediate adhesion of materials

during assembly, including difficult-to-attach woods, foams, fabric, painted surfaces and plastics. Measuring 0.005-inches thick, the product is available in lengths of 180 yards for longer production runs, as well as widths of 3/16 to 54 inches. This free film adhesive will not display gaps between materials in

assembled product, and is resistant to water, humidity, and aging.

Pres-On Products IncTel: +1-630-6282255E-mail: [email protected]: www.preson.com

LED Indicator

Lumex has launched the QuasarBrite family of panel mount indicator LEDs. Eliminating

need for AC-to-DC power conversion, the product comes in round configuration with 7 mm diameter, and can be customised with wire lengths from 6 inches to 6 ft. The RoHS-compliant unit is available in blue, white, red, yellow, and green. Typical applications include green energy technology such as monitors on solar panels; industrial control, such as flow meters; commercial appliances; and communications equipment.

Lumex IncTel: +1-800-6164444Website: www.lumex.com

Contractor Lift

Compact 2416 Contractor Lift For Mechanical ContractorsThe compact 2416 contractor lift enables users to

quickly and easily move loads of 450 lbs (200 kg) up to 17 feet (5.1 m) vertically with forks reversed. Fea-turing a stowed height of 62 ¾ inches, the equipment is equipped with stabiliser legs and four mast sections that extend or lower with cranked lift winch.

Reversible fork can be fitted with fork extensions, pipe cradles, or 24x28 inches steel tray. An inside-

mast cable feed keeps cable out of operator’s face, while pulley guards prevent load cables from coming off during transport. Wheels positioned behind the winch assem-bly and at bottom of unit, enable the user to lay the lift down and roll it into a vehicle.

Sumner Mfg CoTel: +1- 888-9996910Website: www.sumner.com

Stop Locks

The GN 702 zinc die-cast stop locks feature four indexing positions, and offer a fast and easy way

to close and hold doors (and flaps) by locking in four 90° positions. The stop locks are available with flange for surface mounting, with female thread, and with male thread. JW Winco IncTel: +1- 800-8778351Website: www.jwwinco.com

Heat Resistant Coating

Aremco Products has developed

Corr-Paint CP2060, an abrasion and corrosion resistant, high temperature coating for protecting steel components and structures. Suitable for industrial applications to 500°F, the coating adheres to marginally prepared metal surfaces and resists wide range of chemicals, including acetic acid, jet fuel, alcohols, diesel fuel, gasoline, and hydrochloric acid. The product is a two part, silicon carbide filled, 100 per cent solids, epoxy-novolac coating. It can be used in aircraft, automotive, chemical processing, foundry, and power generation plants.

Aremco Products IncTel: +1- 845-2680039Website: www.aremco.com

Vibration SwitchThe VBS vibration switch is suitable for

continuously monitoring changes in ma-chine vibration. The devices take real-time RMS vibration input, and provide analog output of velocity as well as switching out-put when the alarm value is exceeded. The compact unit, supplied in IP67 enclosure with 18 to 32 Vdc electrical rating, features two setup dials. These are used to adjust the maximum RMS velocity set point and false trip time delay. The switch can be used in operating temperatures from -22 to +221°F, and it has 0-50 mm/sec measuring range.

Dwyer Instruments IncTel: +1- 219-8798000Website: www.dwyer-inst.com

Temperature Controller

The PTC series PCB-mount temperature controllers operate from a single 5 to 30V power supply. The devices interface

with various temperature sensors, and the series includes two models that drive ±5 or ±10 A to Peltier thermoelectric coolers or resistive heaters.

The bias current is adjustable to maximise controller sensitivity and stability, and proportional gain is adjustable via onboard trim pot. Other features of the unit include

onboard controls, remote control support, and built-in heat sink and fan for thermal management. The

PTC controllers are suitable for applications such as particle and droplet measurement,

communications, manufacturing test, and medical systems.

Wavelength Electronics IncTel: +1- 406-5874910

Website: www.teamwavelength.com

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