Track Record

CUMI in the Past Five Years (31st March)

Summary information 
Consolidated performance
Standalone performance
2017#
2016#
2015
2014
2013
2017#
2016#
2015
2014
2013
Net Sales  
20800
19168
20187
20939
19424
13828
12735
11518
11276
10800
EBITDA*
3765
3466
2896
2735
2502
2464
2385
1800
1645
1712
PBIT*
2800
2598
1892
1825
1791
1795
1764
1212
1154
1244
PBT
2619
2369
2204
1543
1519
1707
1675
1994
1024
1080
PAT
1749
1441
1326
915
898
1218
1164
1483
728
745
Net Fixed Assets
6626
6222
7204
8260
8273
4595
4435
4070
4283
4286
Net Working Capital
5578
4143
3790
4491
4324
3487
2888
2939
2593
1662
Non Current Investments
1195
1293
78
81
12
2541
2561
2375
1306
1246
Shareholders Networth
13828
11923
10887
11060
10592
10550
9584
8599
7336
6845
Loan Funds
1559
3199
3402
4563
4349
26
1091
835
1188
1322
Ratio Analysis
Performance Ratios
EBITDA/Net Sales %
18%
18%
14%
13%
13%
18%
19%
16%
15%
16%
PBIT/Net Sales %
13%
14%
9%
9%
9%
13%
14%
11%
10%
12%
Asset Turnover times 
1.2
1.1
1.1
1.1
1.1
1.3
1.3
1.3
1.2
1.2
Return on Capital Employed %
18%
17%
12%
11%
12%
17%
17%
13%
14%
15%
Return on Equity %
14%
13%
12%
8%
9%
12%
13%
19%
10%
11%
International Revenue (net) share %
45%
44%
46%
50%
51%
23%
21%
20%
19%
21%
Leverage Ratios
Interest Cover times
20.8
15.1
11.4
9.7
9.2
28.1
26.8
20.7
12.7
10.4
Debt Equity Ratio
0.1
0.3
0.3
0.4
0.4
0.0
0.1
0.1
0.2
0.2
Debt/Total Assets
0.1
0.2
0.2
0.2
0.2
0.0
0.1
0.1
0.1
0.1
Liquidity Ratio
Current Ratio
2.4
1.8
1.7
1.8
1.8
2.7
2.2
2.6
2.2
1.6
Activity Ratio 
Inventory Turnover days
66
71
74
73
76
60
62
63
59
62
Receivable Turnover days
66
68
71
68
68
67
68
71
69
65
Creditors No. of days
38
41
49
46
48
47
43
43
43
45
Cash Cycle days
94
98
96
95
96
80
87
91
85
82
Investor related Ratios
Earning Per Share (Rs.)
9.3
7.7
7.1
4.9
4.8
6.5
6.2
7.9
3.9
4.0
Dividend Per Share (Rs.)
NA
NA
NA
NA
NA
1.75
1.50
1.25
1.25
1.25
- Interim
1.00
1.50
0.75
0.75
0.50
- Final (proposed and paid in subsequent year)
0.75
-  
0.50
0.50
0.75
Dividend Payout %
NA
NA
NA
NA
NA
28.8%
26.0%
16.0%
36.6%
35.1%
Price to Earnings Ratio
27.0
22.8
25.4
25.3
31.0
-  
-  
-  
-  
-  
Enterprise Value/EBITDA
12.8
10.3
12.7
10.1
12.8
NA 
NA 
NA 
NA 
NA 
Enterprise Value/Net Sales
2.3
1.9
1.8
1.3
1.7
NA 
NA 
NA 
NA 
NA 
* excluding exceptional income/expenses (Net)
# The figures mentioned herein above for the years ended 31st March 2017 and 31st March 2016 are based on Indian Accounting Standards (Ind AS), hence not comparable with previous year figures prepared under previous GAAP.
For more details, refer IND AS transitional notes forming part of the Consolidated and Standalone Financial Statements. 

 

Glossary
A Performance Ratios
1 EBITDA/Net Sales % EBITDA = PBT + Interest + Depreciation - Exceptional items
Net Sales = Gross Sales - Excise duty on Sales
2 PBIT/Net Sales % PBT + Interest - Exceptional items
3 Asset Turnover  times (excluding Investments) Net sales/Average of Total assets excluding Investments
4 Return on Capital Employed % PBIT/Average Capital Employed
5 Average Capital employed Average of Shareholder's funds + Loan funds + Non-Controlling interest
6 Return on Equity PAT/Average of Shareholder's Funds
B Leverage Ratios
1 Interest Cover times EBITDA/Interest cost
2 Debt Equity Ratio Total Debt/Shareholders Funds
3 Debt/Total Assets Total Debt/Total Assets
C Liquidity Ratio
1 Current Ratio Current Assets/Current Liabilities
D Activity Ratio *
1 Inventory Turnover days Average Inventory / (Turnover/365)
2 Receivable Turnover days Average Receivables / (Turnover/365)
3 Creditors No of days Average Trade Creditiors / (Turnover/365)
4 Cash Cycle days Inventory Turnover + Receivables Turnover - Creditors No of days
* based on Turnover and average of opening/closing  parameters
E Investor related Ratios
1 Price to Earnings Ratio Average share price of monthly high low/EPS
2 Enterprise Value/EBITDA Total Enterprise Value^/EBITDA
3 Enterprise Value/Net Sales Total Enterprise Value^ / Net Sales
^ Enterprise Value Market Capitalisation + Loan Funds + Non-controlling interest - Cash & Cash Equivalents

Murugappa Group Abrasives & Ceramics Manufacturers