Aluminium Industry in India

Aluminium Industry in India
Aluminium Industry in India is a highly concentrated industry with the top 5 companies constituting the majority of the country's
production. With the growing demand of aluminium in India, the Indian aluminium industry is also growing at an enviable pace. In
fact, the production of aluminium in India is currently outpacing the demand.
Though India's per capita consumption of aluminium stands too low (under 1 kg) comparing to the per capita consumptions of
other countries like US & Europe (range from 25 to 30 kgs), Japan (15 kgs), Taiwan (10 kgs) and China (3 kgs), the demand is
growing gradually. In India, the industries that require aluminium most include power (44%), consumer durables, transportation
(10-12%), construction (17%) and packaging etc.
The Background
Though the existence of Aluminium was first established in the year 1808, it took almost 46 years to make its production
commercially viable. The research work of several years resulted in extracting the aluminium from the ore. Aluminium is third most
available element in the earth constituting almost 7.3% by mass. Currently it is also the second most used metal in the world after
steel. Due to the consistent growth of Indian economy at a rate of 8%, the demand for metals, used for various sectors, is also on
the higher side. As a result, the Indian aluminium industry is also growing consistently. In FY09, the aluminium industry in India
saw a growth of about 9%.
The production of aluminium started in India in 1938 when the Aluminum Corporation of India's plant was commissioned. The
plant which was set up with a financial and technical collaboration with Alcan, Canada had a capacity of producing 2,500 ton per
annum. Hindustan Aluminum Corporation (Hindalco) was set up in UP in the year 1959; it had a capacity of producing 20,000 ton
per annum. In 1965, a public sector enterprise Malco which had a capacity of 10,000 ton per annum was commissioned; by 1987,
National Aluminium Company (NALCO) was commissioned to produce aluminium. It had a capacity of producing 0.218 million
ton.
During the 1970s, the government started regulating and controlling the Indian aluminium industry. Restrictions in entry and price
distribution controls were quite common in the Indian aluminium sector. Aluminium Control Order was implemented where the
aluminium producers had to sell 50% of their products for electrical usages. However, in 1989, the order was removed as the
government decontrolling was revoked. With de-licensing of industry in 1991, the liberal import of technologies and capital goods
was started. The liberalization resulted in a growth rate of 12% of the industry, comparing to the growth rate of 6% during the
1980.
Aluminium Production in India
India is world's fifth largest aluminium producer with an aluminium production competence of around 2.7 million tones, accounting
almost 5% of the total aluminium production in the world. India is also a huge reservoir of Bauxite with a Bauxite reserve of 3
billion tones.
The Production
India lies at the eighth position in the list of leading primary aluminium producers in the world. India saw a significant growth in
aluminium production in the past five years. In 2006-07, the production target of aluminium in India laid by the Ministry of Mines,
Government of India was 1,153 KT, which was augmented to 1,237 KT in the next year (2007-08). Due to the growing demand
from the construction, electrical, automobiles and packaging industry, the production of aluminium also hiked up. In FY 09, the
total aluminium production in India was around 1.35 tonnes.
The Consumption
After a stagnant consumption of primary aluminium in India from the end of 1990s to 2002 (when the consumptions were between
500 – 600 KT), it started rising sharply since 2002. The consumption reached at 1,080 KT in 2006. The consumption of aluminium
in India is dominated by the industries like power, infrastructure, and transportation etc.
The Major Players
The Indian aluminium industry is dominated by four or five companies that constitute the majority of India's aluminium production.
Following are the major players in the Indian aluminium industry:
 Hindustan Aluminium Company (HINDALCO)

 National Aluminium Company (NALCO)
 Bharat Aluminium Company (BALCO)
 MALCO
 INDAL
HINDALCO: Hindalco is the biggest player in the aluminium industry in India with around 39% of market share. An Aditya Birla
Group flagship company, Hindalco has its aluminium plant at Renukoot in Uttar Pradesh. It has various aluminium products with a
market share of 42% in primary aluminium, 20% in extrusions 63% in rolled products, 31% in wheels and 44% in foils.
Sterlite Industries: The aluminium business of Sterlite Industries Limited comprises of two Indian aluminium giants – BALCO and
MALCO. While BALCO is a partially integrated, MALCO is a fully integrated producer of aluminium. Sterlite has got a market
share of around 32%.
NALCO: It is also one of the leading aluminium producers in India. Government of India has a stake of 87.15% in this company.
Its aluminium refinery is located at Damanjodi. It also has a smelter located at Angul, Orissa. Currently, NALCO is concentrating
on a capex programme to increase its production from 345,000 tonnes to 460,000 tonnes.
------------------- in Rs. Cr. -------------------
Balance Sheet of Hindustan Zinc
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10
12 mths 12 mths 12 mths 12 mths 12 mths
Sources Of Funds
Total Share Capital 422.53 422.53 422.53 422.53 422.53
Equity Share Capital 422.53 422.53 422.53 422.53 422.53
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves 3,007.25 7,204.53 11,425.66 13,935.05 17,701.44
Revaluation Reserves 0.00 0.00 0.00 0.00 0.00
Networth 3,429.78 7,627.06 11,848.19 14,357.58 18,123.97
Secured Loans 0.00 0.00 0.00 8.30 0.00
Unsecured Loans 558.02 0.39 0.39 0.39 60.47
Total Debt 558.02 0.39 0.39 8.69 60.47
Total Liabilities 3,987.80 7,627.45 11,848.58 14,366.27 18,184.44
Application Of Funds
Gross Block 2,989.96 3,499.79 5,121.92 5,855.51 8,240.66
Less: Accum. Depreciation 1,129.66 1,264.19 1,484.64 1,750.59 2,076.57
Net Block 1,860.30 2,235.60 3,637.28 4,104.92 6,164.09

Capital Work in Progress 57.80 634.99 525.34 1,108.39 1,112.96
Investments 1,604.88 4,403.30 6,332.45 6,928.87 10,949.17
Inventories 383.10 499.28 518.10 545.66 451.74
Sundry Debtors 689.85 556.62 443.66 164.94 151.83
Cash and Bank Balance 39.59 47.75 81.58 18.77 27.52
Total Current Assets 1,112.54 1,103.65 1,043.34 729.37 631.09
Loans and Advances 176.94 310.71 390.33 366.67 466.64
Fixed Deposits 34.44 71.95 1,281.20 2,700.38 900.01
Total CA, Loans & Advances 1,323.92 1,486.31 2,714.87 3,796.42 1,997.74
Deffered Credit 0.00 0.00 0.00 0.00 0.00
Current Liabilities 671.73 947.80 1,237.78 1,374.20 1,699.98
Provisions 187.37 184.95 123.58 198.13 339.54
Total CL & Provisions 859.10 1,132.75 1,361.36 1,572.33 2,039.52
Net Current Assets 464.82 353.56 1,353.51 2,224.09 -41.78
Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00
Total Assets 3,987.80 7,627.45 11,848.58 14,366.27 18,184.44
Contingent Liabilities 492.84 1,554.81 1,449.49 1,936.69 1,132.68
Book Value (Rs) 81.17 180.51 280.41 339.80 428.94
Source : Religare Technova
Explore Hind Zinc connections
------------------- in Rs. Cr. -------------------

Profit & Loss account of Hindustan Zinc
Income
Sales Turnover 4,326.26 9,220.45 8,736.91 6,141.47 8,437.87
Excise Duty 461.82 673.03 841.44 452.96 414.71
Net Sales 3,864.44 8,547.42 7,895.47 5,688.51 8,023.16
Other Income 98.12 205.77 684.33 923.08 711.27
Stock Adjustments 43.48 56.91 -59.11 24.38 -75.32
Total Income 4,006.04 8,810.10 8,520.69 6,635.97 8,659.11
Expenditure
Raw Materials 367.77 328.73 474.71 676.96 587.61
Power & Fuel Cost 338.66 402.60 545.38 811.38 723.86
Employee Cost 205.59 250.10 308.19 379.00 457.36
Other Manufacturing Expenses 513.62 914.74 771.73 777.42 1,155.60
Selling and Admin Expenses 144.99 239.81 293.18 247.67 244.82
Preoperative Exp Capitalised 0.00 -2.16 -15.55 -20.94 -13.33
Total Expenses 1,605.77 2,179.67 2,438.38 2,978.73 3,277.46
Operating Profit 2,302.15 6,424.66 5,397.98 2,734.16 4,670.38
PBDIT 2,400.27 6,630.43 6,082.31 3,657.24 5,381.65

Interest 47.40 28.44 23.05 21.88 40.75
PBDT 2,352.87 6,601.99 6,059.26 3,635.36 5,340.90
Depreciation 138.27 156.08 220.51 285.27 334.25
Other Written Off 2.41 0.51 1.53 0.00 0.00
Profit Before Tax 2,212.19 6,445.40 5,837.22 3,350.09 5,006.65
Extra-ordinary items 17.38 32.94 227.81 40.57 7.65
PBT (Post Extra-ord Items) 2,229.57 6,478.34 6,065.03 3,390.66 5,014.30
Tax 757.09 2,036.53 1,668.96 663.05 972.89
Reported Net Profit 1,472.48 4,441.81 4,396.07 2,727.61 4,041.41
Total Value Addition 1,238.00 1,850.94 1,963.67 2,301.77 2,689.85
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Equity Dividend 105.63 211.26 211.26 169.01 253.52
Corporate Dividend Tax 14.82 32.77 35.90 28.73 42.11
Per share data (annualised)
Shares in issue (lakhs) 4,225.32 4,225.32 4,225.32 4,225.32 4,225.32
Earning Per Share (Rs) 34.85 105.12 104.04 64.55 95.65
Equity Dividend (%) 25.00 50.00 50.00 40.00 60.00
Book Value (Rs) 81.17 180.51 280.41 339.80 428.94
« Previous Years
------------------- in Rs. Cr. -------------------

Key Financial Ratios of Hindustan Zinc
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
Investment Valuation Ratios
Face Value 10.00 10.00 10.00 10.00 10.00
Dividend Per Share 2.50 5.00 5.00 4.00 6.00
Operating Profit Per Share (Rs) 54.48 152.05 127.75 64.71 110.53
Net Operating Profit Per Share (Rs) 91.46 202.29 186.86 134.63 189.88
Free Reserves Per Share (Rs) 71.16 170.49 270.40 330.27 418.92
Bonus in Equity Capital -- -- -- -- --
Profitability Ratios
Operating Profit Margin(%) 59.57 75.16 68.36 48.06 58.21
Profit Before Interest And Tax Margin(%) 54.87 72.37 61.43 37.55 49.89
Gross Profit Margin(%) 59.18 75.16 65.57 43.04 54.04
Cash Profit Margin(%) 40.84 53.08 50.28 44.18 49.75
Adjusted Cash Margin(%) 39.98 51.65 50.28 44.18 49.75
Net Profit Margin(%) 37.33 51.28 52.16 41.83 46.50
Adjusted Net Profit Margin(%) 36.41 49.84 52.16 41.83 46.50
Return On Capital Employed(%) 56.18 83.67 48.17 22.83 27.51
Return On Net Worth(%) 42.93 58.24 37.10 18.99 22.29
Adjusted Return on Net Worth(%) 41.86 56.60 33.89 18.08 22.01
Return on Assets Excluding Revaluations 30.38 50.70 33.28 339.80 428.94
Return on Assets Including Revaluations 30.38 50.70 33.28 339.80 428.94
Return on Long Term Funds(%) 56.18 83.67 48.17 22.83 27.60

Liquidity And Solvency Ratios
Current Ratio 1.54 1.31 1.99 2.41 0.95
Quick Ratio 1.08 0.87 1.61 2.06 0.76
Debt Equity Ratio 0.16 -- -- -- --
Long Term Debt Equity Ratio 0.16 -- -- -- --
Debt Coverage Ratios
Interest Cover 47.27 224.40 247.62 638.31 168.81
Total Debt to Owners Fund 0.16 -- -- 0.00 0.00
Financial Charges Coverage Ratio 50.24 229.91 257.25 162.99 130.99
Financial Charges Coverage Ratio Post Tax 35.03 162.69 201.35 138.70 108.38
Management Efficiency Ratios
Inventory Turnover Ratio 10.29 17.35 24.43 17.82 33.34
Debtors Turnover Ratio 8.13 13.71 15.79 18.69 50.66
Investments Turnover Ratio 13.73 23.26 24.43 17.82 33.34
Fixed Assets Turnover Ratio 2.17 3.73 1.57 0.99 0.99
Total Assets Turnover Ratio 0.99 1.14 0.67 0.40 0.44
Asset Turnover Ratio 1.34 2.51 1.57 0.99 0.99
Average Raw Material Holding -- -- -- -- --
Average Finished Goods Held 6.58 6.93 11.34 2.99 1.71
Number of Days In Working Capital 43.30 14.89 61.71 140.75 -1.87
Profit & Loss Account Ratios
Material Cost Composition 9.51 3.84 6.01 11.90 7.32
Imported Composition of Raw Materials

-- -- -- 4.13 --
Consumed
Selling Distribution Cost Composition 2.42 1.91 2.42 3.09 2.15
Expenses as Composition of Total Sales 22.31 49.29 28.59 35.77 34.77

Cash Flow Indicator Ratios
Dividend Payout Ratio Net Profit 8.18 5.49 5.62 7.24 7.31
Dividend Payout Ratio Cash Profit 7.46 5.30 5.35 6.56 6.75
Earning Retention Ratio 91.62 94.35 93.85 92.39 92.60
Cash Earning Retention Ratio 92.37 94.55 94.17 93.14 93.17
AdjustedCash Flow Times 0.35 -- -- 0.00 0.01
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
Earnings Per Share 34.85 105.12 104.04 64.55 95.65
Book Value 81.17 180.51 280.41 339.80 428.94
Competition
Last Price Market Cap. Sales Net Profit Total Assets
(Rs. cr.) Turnover
Sterlite Ind 176.15 59,214.61 13,124.50 831.50 27,590.28
Hind Zinc 1,092.35 46,155.27 8,138.92 4,041.41 18,184.44
Hind Copper 456.90 42,273.21 1,304.52 154.68 1,122.65
Tinplate 76.65 552.60 793.15 67.15 459.27
Bilpower 187.65 197.05 458.66 15.16 241.38
Nissan Copper 36.10 194.86 179.48 9.13 170.00
Precision Wires 125.95 145.64 632.58 22.62 215.05

Cubex Tubings 18.45 13.67 64.41 1.87 46.11
Jindal Stainless
Jindal Stainless (JSL) was established in 1970 and is under the Jindal Group. Jindal Stainless Ltd. has expanded since its
establishment from a steel plant of a single unit to become a multi-product and multi-national steel company.
The Jindal Stainless Company's main business is to produce stainless steel. In India, the company is the only manufacturer of
strips of stainless steel which are used for making surgical and razor blades. Jindal Stainless Company supplies to the Indian
government CR strips. It also supplies coin blanks to the mint in India as well as in the world. The various other services offered
by the Jindal Stainless Ltd. are services in inventory management, engineering services in technical value, warehousing, material
testing, and customized products.
Jindal Stainless Company is the biggest producer of stainless steel in the country. The company has a 40% market share in the
stainless steel sector in India. The company has subsidiary companies which are Jindal Stainless Steelway and PT Jindal
Stainless.
The total income of the Jindal Stainless amounted to Rs. 8,598.2 million in 2005-2006 and the next year the figure stood at Rs.
12,014.9 million. The net profit of the company amounted to Rs. 507.9 million in 2005- 2006 and the next year the amount
increased to Rs. 826 million. Jindal Stainless Company is planning to establish a stainless steel plant in Orissa with the production
capacity of 1.6 million tons per year. The company will make an investment of around Rs. 56 billion in setting up this plant.
Jindal Stainless has become the leading company in the stainless steel sector in India. As it plans to expand in the near future,
the company is sure to become one of the leading stainless steel companies in the world.
------------------- in Rs. Cr. -------------------

Balance Sheet of JSL
Sources Of Funds

Reserves 983.10 1,374.13 1,757.14 1,257.91 1,876.48
Networth 1,009.21 1,416.91 1,840.67 1,290.34 1,913.60
Secured Loans 1,905.01 2,228.95 3,820.34 5,179.57 7,286.03
Unsecured Loans 288.81 427.37 469.71 460.19 242.40
Total Debt 2,193.82 2,656.32 4,290.05 5,639.76 7,528.43
Gross Block 2,196.70 3,325.97 4,209.09 5,046.37 5,317.82
Less: Accum. Depreciation 419.67 602.28 797.12 1,090.87 1,414.63
Net Block 1,777.03 2,723.69 3,411.97 3,955.50 3,903.19
Capital Work in Progress 628.50 1,057.09 1,373.77 2,010.95 3,884.98
Investments 310.22 188.56 93.29 896.86 351.45
Inventories 687.36 1,069.73 2,194.65 1,661.76 1,632.86
Sundry Debtors 350.43 580.41 753.66 562.09 1,059.74
Total Current Assets 1,053.36 1,740.43 3,019.37 2,233.98 3,066.71
Loans and Advances 687.33 655.85 893.31 1,159.08 1,062.99
Fixed Deposits 181.50 105.95 669.26 647.09 313.39
Deffered Credit 0.00 0.00 0.00 0.00 0.00

Current Liabilities 1,261.39 2,189.30 3,058.56 3,748.46 2,869.46
Provisions 175.54 211.33 287.55 253.22 299.02
Total CL & Provisions 1,436.93 2,400.63 3,346.11 4,001.68 3,168.48
Net Current Assets 485.26 101.60 1,235.83 38.47 1,274.61
Total Assets 3,203.05 4,073.25 6,130.74 6,930.10 9,442.02
Contingent Liabilities 1,439.70 968.83 2,715.05 2,841.14 1,345.24
Book Value (Rs) 77.30 101.42 115.67 79.58 103.11
Explore JSL connections
------------------- in Rs. Cr. -------------------

Profit & Loss account of JSL
Income
Sales Turnover 3,496.59 5,269.29 5,699.17 5,295.37 6,119.44
Excise Duty 338.18 397.13 593.90 381.31 378.31
Net Sales 3,158.41 4,872.16 5,105.27 4,914.06 5,741.13
Other Income 36.91 86.55 63.38 -547.69 279.07
Stock Adjustments 83.00 127.33 787.98 -276.34 41.72
Total Income 3,278.32 5,086.04 5,956.63 4,090.03 6,061.92
Expenditure
Raw Materials 2,270.62 3,357.16 4,150.51 3,526.76 3,774.55
Power & Fuel Cost 300.74 436.13 561.78 397.79 503.73
Employee Cost 53.47 73.52 103.62 118.24 121.44
Other Manufacturing Expenses 58.08 57.23 64.12 79.22 125.40
Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00
Total Expenses 2,821.04 4,154.99 5,106.92 4,296.61 4,718.71
Operating Profit 420.37 844.50 786.33 341.11 1,064.14
PBDIT 457.28 931.05 849.71 -206.58 1,343.21
Interest 84.17 157.45 229.20 347.22 433.63
PBDT 373.11 773.60 620.51 -553.80 909.58
Depreciation 136.11 216.10 252.38 313.08 339.89
Profit Before Tax 236.64 557.03 367.74 -867.27 566.51
Extra-ordinary items 3.44 -4.63 2.60 0.20 3.86
PBT (Post Extra-ord Items) 240.08 552.40 370.34 -867.07 570.37
Tax 80.35 199.41 129.36 -287.23 191.89
Reported Net Profit 159.73 358.32 241.17 -579.82 378.48
Total Value Addition 550.42 797.82 956.41 769.84 944.16

Equity Dividend 20.89 27.78 32.43 0.00 0.00
Earning Per Share (Rs) 12.23 25.92 15.60 -35.76 20.39
Equity Dividend (%) 80.00 80.00 100.00 0.00 0.00
Book Value (Rs) 77.30 101.42 115.67 79.58 103.11
------------------- in Rs. Cr. -------------------

Key Financial Ratios of JSL
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
Face Value 2.00 2.00 2.00 2.00 2.00
Dividend Per Share 1.60 1.60 2.00 -- --
Bonus in Equity Capital 19.73 18.64 16.66 15.89 13.88

Net Profit Margin(%) 4.98 7.20 4.63 -11.69 6.54
Adjusted Net Profit Margin(%) 5.07 7.43 4.63 -11.69 6.54
Return On Net Worth(%) 15.83 25.29 13.60 -45.94 20.07
Return on Assets Excluding Revaluations 3.44 5.53 2.54 -- 101.62
Return on Assets Including Revaluations 3.44 5.53 2.54 -- 101.62
Current Ratio 1.03 0.94 1.07 0.75 0.90
Quick Ratio 0.86 0.60 0.71 0.49 0.81
Debt Equity Ratio 2.17 1.89 2.40 4.37 3.93
Long Term Debt Equity Ratio 1.96 1.80 2.14 3.84 3.47
Interest Cover 4.21 4.94 2.97 0.23 1.83
Total Debt to Owners Fund 2.17 1.89 2.40 4.37 3.93

Average Raw Material Holding 40.34 57.37 68.66 61.91 50.38
Number of Days In Working Capital 55.31 7.51 87.14 2.82 79.93

47.16 51.86 61.73 63.92 53.58
Consumed
Dividend Payout Ratio Net Profit 14.91 8.88 15.74 -- --
Dividend Payout Ratio Cash Profit 8.04 5.53 7.68 -- --
Earning Retention Ratio 85.33 91.39 86.25 -- 100.00
AdjustedCash Flow Times 7.34 4.53 8.11 17.44 15.73
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
Earnings Per Share 12.23 25.92 15.60 -35.76 20.39
Book Value 77.30 101.42 115.67 79.58 103.11

Competition
(Rs. cr.) Turnover
Usha Martin 83.15 2,533.93 1,861.66 92.21 2,339.80
JSL 102.90 1,909.64 5,766.01 378.48 9,442.02
OCL Iron 78.15 1,048.33 191.76 0.13 151.80
Mukand 68.55 501.20 1,988.32 61.99 3,533.18
Ramsarup Ind 108.70 381.30 2,059.18 44.38 2,054.82
Varun Industrie 132.40 292.79 1,559.43 23.82 1,052.02
Mahindra Ugine 70.65 229.49 1,087.88 4.67 511.18
Technocraft Ind 66.85 210.76 399.32 30.03 456.91
SAL Steel 10.70 90.91 302.77 0.77 373.59
Cronimet Alloys 53.40 65.60 114.75 5.94 49.69

An Introduction
Nissan Copper Ltd. was established during 1989 with an objective to manufacture Copper Tubes. The company started
its first copper pipe unit at Umergaon in September, 1991. As on date, Nissan is manufacturing copper
Rods/Section/flats, Copper Ingots/Billets Bars, Copper Wire Bars, Copper Strips and Copper Pipes catering to FMCG,
OEMs and Construction industry. In short, as on date, Nissan has complete plant to manufacture tubes starting from
melting of Scrap/Cathod. These copper components are mainly used in switchgears/panels, radiators, refrigeration,
electric appliances, connectors, heat exchangers etc.
Nissan's high standard quality products have enabled it to accredit the ISO 9001:2008 certification. The company is
supplying its products for the projects of well known companies in the Air conditioning and Refrigeration, Engineering &
Gas Application industry and few of them are Eletrotherm India Ltd., Blue Star Ltd., Voltas Ltd., Siemens Ltd.,
Hindustan Copper Ltd., Nutech Construction Pvt. Ltd. etc. Over a period of 16 years, Nissan has established its
reputation and reliability in the market. With long experience and accumulated technology, Nissan ensures, all the
products of the company confirms with all the major specification and customer requirements. (ASTM, DIN, BS, JIS,
IS).

Significance of Vision - Lifeline of Industrial Growth

Since 1989 Nissan has been committed to quality. The strategic vision has helped to develop new products and to
create value for customers. The company has acquired the reputation of a flexible and adaptive manufacturer while
ensuring world class standards through accreditations to JAS-ANZ ISO 9001:2008 Quality Systems
A Mission Rooted in the Commitment of the Future
Nissan's roots are planted in soil nourished by innovation, persistence and a commitment to industrial growth. The
company values flexibility in adaptation to the changes in the environment, combined with the ability to discover and
explore market opportunities, development, learning and improvement.
With a focus on the future, eager to embrace new challenges, we are developing the ideas which assist in further
growth and development.
Nissan will continue to focus on being a pro-active long-term owner and builder of a strong company with international
potential as well as operating on its core expertise in the manufacturing sector.
Nissan fully realises its goals as everyone works as a team with mutual respect for each other. This is what creates
synergies and a sense of shared purpose both within the company and the clients we serve.
By leaving clear footprints on our activities we wish to leave lasting, significant and visible results in the markets.

------------------- in Rs. Cr. -------------------

Balance Sheet of Nissan Copper
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
12
12 mths 12 mths 12 mths 12 mths
mths
Sources Of Funds
Reserves 9.22 27.57 36.13 40.63 53.83
Networth 10.98 42.13 50.69 55.19 87.20
Secured Loans 20.52 11.91 34.57 47.01 81.14
Unsecured Loans 1.12 0.67 8.60 0.00 1.65
Total Debt 21.64 12.58 43.17 47.01 82.79
Total Liabilities 32.62 54.71 93.86 102.20 169.99
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
12
mths
Gross Block 13.79 14.68 37.93 39.89 40.59
Less: Accum. Depreciation 5.09 6.34 8.49 13.07 17.03
Net Block 8.70 8.34 29.44 26.82 23.56
Capital Work in Progress 0.89 13.56 1.11 0.97 57.27
Investments 0.02 0.00 0.25 0.25 0.25
Inventories 13.98 18.53 24.93 25.16 40.80
Sundry Debtors 16.11 17.92 45.73 50.27 59.79
Total Current Assets 31.03 37.60 70.94 76.34 103.36
Fixed Deposits 0.37 1.01 1.41 1.77 2.95
Total CA, Loans & Advances 33.86 49.10 90.26 97.60 138.08
Deffered Credit 0.00 0.00 0.00 0.00 0.00
Current Liabilities 10.67 16.97 26.55 21.74 43.20
Provisions 0.19 1.25 2.36 3.18 7.23
Total CL & Provisions 10.86 18.22 28.91 24.92 50.43
Net Current Assets 23.00 30.88 61.35 72.68 87.65
Total Assets 32.63 54.69 93.85 102.20 170.00
Contingent Liabilities 0.88 1.05 1.05 17.24 8.59

Book Value (Rs) 62.35 28.94 34.82 37.92 28.58
Explore Nissan Copper connections
------------------- in Rs. Cr. -------------------

Profit & Loss account of Nissan Copper
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
12
mths
Income
Sales Turnover 88.67 105.50 141.38 144.89 188.80
Excise Duty 10.60 10.95 12.72 10.26 9.32
Net Sales 78.07 94.55 128.66 134.63 179.48
Other Income -0.08 0.87 1.18 -0.81 1.11
Total Income 84.28 95.43 133.46 129.27 195.53
Expenditure
Raw Materials 72.62 80.29 109.43 107.90 162.07
Power & Fuel Cost 1.58 1.89 1.84 1.65 1.96
Employee Cost 0.70 1.03 2.06 1.94 2.89

Total Expenses 76.87 85.08 115.81 114.80 171.13
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
12
mths
Operating Profit 7.49 9.48 16.47 15.28 23.29
PBDIT 7.41 10.35 17.65 14.47 24.40
Interest 2.03 2.83 4.11 6.84 8.03
PBDT 5.38 7.52 13.54 7.63 16.37
Depreciation 1.40 1.29 2.73 4.65 4.07
Profit Before Tax 3.98 6.02 10.60 2.77 12.09
Extra-ordinary items 0.00 0.00 0.00 0.00 0.00
PBT (Post Extra-ord Items) 3.98 6.02 10.60 2.77 12.09
Tax 0.23 0.13 1.19 0.65 2.96
Reported Net Profit 3.74 5.89 9.42 2.13 9.13
Equity Dividend 0.00 0.73 0.73 0.73 1.45
Shares in issue (lakhs) 17.61 145.56 145.56 145.56 289.77

Equity Dividend (%) 0.00 5.00 5.00 5.00 5.00
Book Value (Rs) 62.35 28.94 34.82 37.92 28.58
Explore Nissan Copper connections
------------------- in Rs. Cr. -------------------

Key Financial Ratios of Nissan Copper
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
Face Value 10.00 10.00 10.00 10.00 10.00
Dividend Per Share -- 0.50 0.50 0.50 0.50
Bonus in Equity Capital -- 36.29 36.29 36.29 18.23

Current Ratio 0.81 1.40 0.92 0.86 1.04
Quick Ratio 1.83 1.68 2.26 2.91 1.93
Interest Cover 3.68 3.69 4.13 1.82 3.04


23.35 40.72 55.21 80.34 4.79
Consumed
Expenses as Composition of Total Sales -- -- -- -- --
Dividend Payout Ratio Net Profit -- 14.45 9.04 39.89 18.57
Dividend Payout Ratio Cash Profit -- 11.51 6.89 12.17 12.64
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
Book Value 62.35 28.94 34.82 37.92 28.58
Competition
(Rs. cr.) Turnover
Sterlite Ind 176.15 59,214.61 13,124.50 831.50 27,590.28

Hind Zinc 1,092.35 46,155.27 8,138.92 4,041.41 18,184.44
Hind Copper 456.90 42,273.21 1,304.52 154.68 1,122.65
Tinplate 76.65 552.60 793.15 67.15 459.27
Bilpower 187.65 197.05 458.66 15.16 241.38
Nissan Copper 36.10 194.86 179.48 9.13 170.00
Precision Wires 125.95 145.64 632.58 22.62 215.05
Cubex Tubings 18.45 13.67 64.41 1.87 46.11
 Precision Wires India Limited (PWIL) is the largest manufacturer of Enamelled Copper Winding Wires in
India. Our products include Round wire, Rectangular wire, Continuously Transposed Cables and Paper
Insulated Copper Conductors. These are widely used by the electrical and electronics industry across the
globe. PWIL offers its customers a wide variety of wires and conductors, ranging from fine wire to conductors
for large transformers.
 Rigorous quality measures and controls have ensured the popularity of PWIL’s wires. Precision Wires is an
ISO 9001:2000 certified company. These quality controls have helped ensure that over the years, PWIL wires
have been synonymous with the best in quality and durability
 Precision Wires India Limited (PWIL) was set up in 1989 for the manufacture of Enamelled Copper
Winding Wires. It was promoted by erstwhile Atlas Wires Limited (AWL), Mr. Mahendra Mehta, Mr. Deepak
Mehta and Mr. Milan Mehta.
 PWIL has been listed on the Bombay Stock Exchange (523529) and National Stock Exchange
(PRECWIRE) since inception.
 AWL’s first manufacturing facility was set up in 1981 in the western Indian state of Gujarat. Two decades
later, in 2001, AWL was amalgamated with PWIL.
 Headquartered in Mumbai, India, PWIL is the largest manufacturer of Copper Winding Wires in the
country and uses a combination of Indian skill and foreign technology to ensure the best possible end-product
quality.
 Our current installed capacity is over 25,000 metric tonnes/annum. This capacity is further being
increased with several expansion projects in the pipeline. PWIL has three manufacturing facilities located at
Silvassa, Dadra Nagar Haveli and Palej, Gujarat.
 At PWIL, we produce winding wires as per various technical specifications including IEC, IS, BS, NEMA
and JIS as well as per specific requirements our customers may have.
 PWIL’s customers include many large and medium electrical and electronic equipment manufacturers
both in India and abroad. Our wires are widely used in equipment such as:
o Rotating machines (manufacturer and repairer)
o Alternators
o Hermetic motors (for refrigeration and air conditioning equipment)
o Power and Distribution Transformers
o Control and Power supply Transformers
o Ballasts
o Auto Electricals
o Electric hand Tools
o House hold appliances
o Fans
o Switchgear, relay and magnet coils
o Instruments and audio coils and many others
In recent years, PWIL has been increasingly targeting overseas markets. In the last fiscal year, exports
accounted for over 15% of our sales volume.
Top

------------------- in Rs. Cr. -------------------
Balance Sheet of Precision Wires India
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
12
mths
Sources Of Funds
Reserves 87.34 99.39 130.15 130.23 146.90
Networth 97.80 109.85 141.71 141.79 158.46
Secured Loans 35.54 60.86 73.38 60.25 54.09
Unsecured Loans 0.00 23.97 3.23 2.50 2.50
Total Debt 35.54 84.83 76.61 62.75 56.59
Total Liabilities 133.34 194.68 218.32 204.54 215.05
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
12
mths
Gross Block 123.11 158.45 168.65 180.55 197.67

Less: Accum. Depreciation 33.39 40.84 49.73 59.89 70.21
Net Block 89.72 117.61 118.92 120.66 127.46
Investments 2.18 6.19 0.16 0.16 0.00
Inventories 33.76 35.98 54.30 42.47 28.72
Sundry Debtors 79.94 111.22 115.46 78.66 137.42
Total Current Assets 127.06 164.23 202.66 141.57 191.00
Fixed Deposits 0.24 4.36 0.03 0.03 4.02
Total CA, Loans & Advances 149.54 192.16 220.67 163.64 218.91
Deffered Credit 0.00 0.00 0.00 0.00 0.00
Current Liabilities 114.61 119.86 129.27 92.86 131.95
Provisions 4.18 4.74 4.87 1.08 3.93
Total CL & Provisions 118.79 124.60 134.14 93.94 135.88
Net Current Assets 30.75 67.56 86.53 69.70 83.03
Total Assets 133.35 194.67 218.33 204.55 215.05
Contingent Liabilities 6.97 1.69 3.48 5.08 10.44
Book Value (Rs) 93.47 104.99 122.55 122.62 137.04
Explore Precision Wires connections

Profit & Loss account of Precision Wires ------------------- in Rs. Cr. -------------------
India
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
12
mths
Income
Sales Turnover 396.58 691.76 689.37 628.78 697.06
Excise Duty 57.44 105.51 115.44 92.56 66.79
Net Sales 339.14 586.25 573.93 536.22 630.27
Other Income -0.12 0.49 0.54 -1.11 4.31
Stock Adjustments 13.72 -2.62 9.68 -8.95 -5.48
Total Income 352.74 584.12 584.15 526.16 629.10
Expenditure
Raw Materials 294.81 515.48 510.38 471.52 534.47
Power & Fuel Cost 8.34 10.10 11.48 14.51 15.90
Employee Cost 5.57 6.88 7.71 7.90 10.31
Total Expenses 320.05 545.86 544.15 509.80 580.44
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
12
mths
Operating Profit 32.81 37.77 39.46 17.47 44.35
PBDIT 32.69 38.26 40.00 16.36 48.66
Interest 1.51 5.26 4.63 3.98 4.48
PBDT 31.18 33.00 35.37 12.38 44.18
Depreciation 4.64 7.51 9.00 10.32 10.88
Profit Before Tax 26.44 25.45 26.37 2.06 33.30
Extra-ordinary items 0.11 0.00 0.02 -0.05 -0.04
PBT (Post Extra-ord Items) 26.55 25.45 26.39 2.01 33.26
Tax 8.30 8.69 9.13 0.86 10.66
Reported Net Profit 18.05 16.78 17.25 1.16 22.62
Equity Dividend 3.66 4.05 4.16 0.93 5.09
Shares in issue (lakhs) 104.64 104.64 115.64 115.64 115.64
Equity Dividend (%) 35.00 35.00 36.00 8.00 44.00
Book Value (Rs) 93.47 104.99 122.55 122.62 137.04

Key Financial Ratios of Precision Wires ------------------- in Rs. Cr. -------------------

India
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
Face Value 10.00 10.00 10.00 10.00 10.00
Bonus in Equity Capital -- -- -- -- --

Current Ratio 1.05 1.12 1.00 1.01 1.05
Quick Ratio 0.97 1.25 1.24 1.28 1.40
Interest Cover 18.72 5.83 6.76 1.98 7.63

2.78 8.18 24.03 13.67 11.21
Consumed
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
Book Value 93.47 104.99 122.55 122.62 137.04
Competition
(Rs. cr.) Turnover
Sterlite Ind 176.15 59,214.61 13,124.50 831.50 27,590.28
Hind Zinc 1,092.35 46,155.27 8,138.92 4,041.41 18,184.44
Hind Copper 456.90 42,273.21 1,304.52 154.68 1,122.65

Tinplate 76.65 552.60 793.15 67.15 459.27
Bilpower 187.65 197.05 458.66 15.16 241.38
Nissan Copper 36.10 194.86 179.48 9.13 170.00
Precision Wires 125.95 145.64 632.58 22.62 215.05
Cubex Tubings 18.45 13.67 64.41 1.87 46.11

We are India's largest non-ferrous metals and mining company and are one of the fastest growing private sector
companies.
We are listed on the BSE and NSE in India and are the First Indian Metals & Mining Company to list on the New York
Stock Exchange.
Our primary businesses; Aluminum, Copper, Zinc & Lead and Commercial Energy.

Sterlite Industries India Limited (SIIL) is the principal subsidiary of Vedanta Resources
plc, a diversified and integrated FTSE 100 metals and mining company, with principal
operations located in India and Australia.
Sterlite’s principal operating companies comprise Hindustan Zinc Limited (HZL) for its
fully integrated zinc and lead operations; Sterlite Industries India Limited (Sterlite) and
Copper Mines of Tasmania Pty Limited (CMT) for its copper operations in
India/Australia; and Bharat Aluminium Company (BALCO), for its aluminium and
alumina operations and Sterlite Energy for its commercial power generation business.

Sterlite is India's largest non-ferrous metals and mining company and is one of the fastest
growing private sector companies. Sterlite is listed on BSE, NSE and NYSE. It was the
first Indian Metals & Mining Company to list on the New York Stock Exchange.
Sterlite has continually demonstrated its ability to deliver major value creating projects,
offering unparalleled growth at lowest costs and generating superior financial returns for
its shareholders. At the same time, it ensures that its expansion projects meet high
conservative financial norms and do not place an unwarranted burden on its balance sheet
and financial resources.

A majority of company’s operations are certified to the International Standards like ISO 9001, ISO 14001 and OHSAS
18001. SIIL laboratories at Tuticorin and Silvassa have been recognized with ISO 17025:2005 certification from Nationa
Accreditation Board for Testing and Calibration Laboratories (NABL). The company is LME approved copper tester. Ou

copper products meet the requirement of Restriction of Hazardous Substances (RoHS complied) and certified by
Underwriters Laboratories Inc. SIIL’s Central lab at Silvassa is a GoI approved R&D laboratory. The company has also
won numerous awards for safety and environment.

Sterlite develops and manages a diverse portfolio of mining and metals businesses to provide attractive returns to its
shareholders whilst carrying out its activities in a socially and environmentally responsible manner and creating value for
the communities where it operates. As one of the largest metals and mining groups in India, Sterlite remains continually
committed to managing its business in a socially responsible manner. The management of environment, employees, healt
and safety and community issues, in respect of its operations is central to the success of company’s business.
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Sterlite is the leading copper
producer in India. In 2007-08, we
produced 339,294 tonnes of copper.
Our highest ever production. The Press Release
Read about the latest
copper business comprises smelting happenings and quarter resu
and processing of copper and at Sterlite Industries
production of its byproducts. Our
operations include a smelter, refinery, Sustainability Report
phosphoric acid plant, sulphuric acid Sustainable development is
our core value and the bedr
plant and copper rod plant at of our philosophy
Tuticorin in the state of Tamil Nadu
in southern India; and a refinery and Tenders
two copper rod plants at Silvassa in Read and download
the Union territory of Dadra and information on our tenders
Nagar Haveli in western India.
Group Companies
Click here to view the group
In addition, we own the Mt. Lyell companies
copper mine at Tasmania in
Australia, which produces a clean
concentrate that is valuable in the
smelting process, to meet around 8%
of our copper concentrate
requirements at Sterlite. The
Tuticorin smelter was in lowest cost
quartile among all copper smelting
operations in the world; and the
refineries at Tuticorin and Silvassa
were globally ranked seventh-lowest
and eighth-lowest in production
costs.
The performance of our copper
business is given in Table.
Particulars 2007-08 2006-07 % change
Production volumes
(“000 tonnes) 28 28 -1
Mined metal 33 31 8

content 9 3 26
Cathode 22 17
Rods 5 8
Cash settlement prices 7,5 6, 9
(US$ Per Tonne) 88 98
4
Unit costs (US$ per lb) 1.8 6. -
1 71

Realised TC/RC (US 16 31 -
cents per lb) 50
Revenue (Rs crore) 12, 11 8
65 ,7
8 27
EBITDA (Rs crore) 1,7 1, -4
95 86
9
EBITDA Margin (%) 14 16
Operating profit (Rs 99 1, -
crore) 8 42 30
0

Unit Costs
Unit conversion costs, which consist of costs of smelting and refining, have reduced significantly to 1.8 cents per lb in
2007-08, compared to 6.1 cents per lb last year. Higher energy prices and fixed cost have been offset by better
byproduct realisation and substantial operational recoveries. The sharp reduction in unit cost of production reflects our
relentless focus on this area. We have taken up various TQM programmes which should result to further improvements
in process and technical efficiency.
Given our growing output of byproducts, especially sulphuric acid, and our skills in selling these at best possible
prices, we hope to achieve a state where the revenue obtained from by-product sales will exceed the total cost of
production – thus achieving negative unit cost of production in the coming years.
Treatment Charges and Refining Charges (TC/RC)
2007-08 witnessed a tightening in the global concentrate market, mainly due to cutback in production of the second largest mine in
the world combined with increased refining capacities and aggressive buying of concentrates in China. Spot markets were extremely
firm. During fourth quarter of 2007-08, TC ruled at around US$ 20 per tonne of concentrate, and RC at 2 cents per lb of copper (i.e.
around US$ 110 per tonne). This resulted in a reduction in TC/RC compared to 2006-07. Negotiations for the 2008 Annual Frame
Contracts for concentrates have been completed and the benchmark
TC/RC has been established at 45/4.5 (i.e. US$ 45 per tonne of concentrate for TC and US cent 4.5 per lb of copper for RC) with
various improvements in the side terms such as quotation period, payment terms and gold/silver refining charges. Sterlite has
concluded all its annual negotiations around similar levels with substantial improvements on side terms. Even so, the concentrate
market is expected to be in a state of deficit for next couple of years. This may result in further softening of the TC/RC terms for the
Company in the near term.
Sales: Copper
The Company’s efforts towards market development in India have paid dividends. Our domestic sale has increased by
35% to 157,071 tonnes in 2007-08 compared to previous year, and we accounted for 29% of the market in India. We
also exported 180,035 tonnes of copper cathodes and copper rods, to our key overseas markets – the Middle East,
China, Japan, Philippines and Thailand. We continue to develop a sizeable customer base for the export of copper rods.
Financial Performance
Revenues from our copper business rose by 8% to Rs. 12,658 crore in 2007- 08. However, despite major reductions in
the cost of production, the combined effect of a 50% fall in TC/RCs, over 11% appreciation in the rupee against the US
dollar and increasing fuel prices led to a 30% reduction in operating profits (EBIT) to Rs. 998 crore.

------------------- in Rs. Cr. -------------------

Balance Sheet of Sterlite Industries (India)
Sources Of Funds
Reserves 4,044.66 4,346.23 13,014.60 13,897.32 22,067.40
Networth 4,122.41 4,457.93 13,165.02 14,039.84 22,268.08
Secured Loans 125.92 100.00 572.05 303.80 100.00
Unsecured Loans 1,908.87 2,709.75 2,685.76 3,526.24 5,222.20
Total Debt 2,034.79 2,809.75 3,257.81 3,830.04 5,322.20

Gross Block 2,596.96 2,688.51 2,765.34 2,889.07 2,981.87
Less: Accum. Depreciation 857.89 971.27 1,109.85 1,275.41 1,421.05
Net Block 1,739.07 1,717.24 1,655.49 1,613.66 1,560.82
Investments 2,671.78 2,912.96 12,357.03 11,661.85 10,984.17
Inventories 1,019.18 1,849.16 2,305.99 1,406.90 1,994.04
Sundry Debtors 575.80 914.07 831.88 526.89 385.11
Total Current Assets 1,655.81 2,813.80 3,183.54 1,995.29 2,469.05
Loans and Advances 1,262.23 1,384.97 1,261.11 2,872.62 12,258.68
Fixed Deposits 732.94 181.50 31.31 1,676.34 2,195.01
Deffered Credit 0.00 0.00 0.00 0.00 0.00
Current Liabilities 1,243.31 1,437.02 1,149.72 1,306.62 1,477.24
Provisions 732.66 338.00 968.42 675.42 666.02
Total CL & Provisions 1,975.97 1,775.02 2,118.14 1,982.04 2,143.26
Net Current Assets 1,675.01 2,605.25 2,357.82 4,562.21 14,779.48
Total Assets 6,157.20 7,267.68 16,422.83 17,869.88 27,590.28

Contingent Liabilities 960.32 1,096.90 2,825.95 6,696.82 9,957.57
Book Value (Rs) 366.98 79.82 185.69 198.15 264.58
Explore Sterlite Ind connections
Profit & Loss account of Sterlite Industries ------------------- in Rs. Cr. -------------------
(India)
Income
Sales Turnover 7,923.10 12,457.57 13,451.59 12,277.74 13,676.47
Excise Duty 428.75 635.16 778.01 729.36 561.59
Net Sales 7,494.35 11,822.41 12,673.58 11,548.38 13,114.88
Other Income 52.72 132.80 546.46 799.32 821.99
Total Income 7,800.49 12,314.06 13,350.84 12,031.16 14,276.66
Expenditure
Raw Materials 6,391.44 10,452.10 11,303.70 9,618.17 12,178.58
Power & Fuel Cost 229.88 254.34 295.53 339.09 351.12
Employee Cost 46.47 57.44 66.18 82.28 77.28
Preoperative Exp Capitalised -6.58 -6.56 0.00 0.00 0.00

Total Expenses 6,874.40 11,092.76 11,957.92 10,326.75 12,925.77
Operating Profit 873.37 1,088.50 846.46 905.09 528.90
PBDIT 926.09 1,221.30 1,392.92 1,704.41 1,350.89
Interest 120.37 182.66 164.45 203.92 256.44
PBDT 805.72 1,038.64 1,228.47 1,500.49 1,094.45
Depreciation 128.23 133.20 138.98 166.18 150.64
Profit Before Tax 677.15 905.10 1,089.49 1,334.31 943.81
Extra-ordinary items 5.63 7.22 14.98 50.84 -32.27
PBT (Post Extra-ord Items) 682.78 912.32 1,104.47 1,385.15 911.54
Tax 167.64 128.27 152.84 148.72 133.58
Reported Net Profit 511.12 784.03 951.63 1,236.43 831.50
Equity Dividend 69.84 223.40 283.40 247.97 315.15
Equity Dividend (%) 62.50 200.00 200.00 175.00 187.50
Book Value (Rs) 366.98 79.82 185.69 198.15 264.58

Key Financial Ratios of Sterlite Industries ------------------- in Rs. Cr. -------------------

(India)
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
Face Value 5.00 2.00 2.00 2.00 2.00
670.7
Net Operating Profit Per Share (Rs) 211.68 178.88 163.00 156.06
0
355.2
Free Reserves Per Share (Rs) 76.19 182.38 194.80 260.78
2
Bonus in Equity Capital 38.32 57.64 45.44 45.44 38.30

Current Ratio 1.17 1.15 0.81 1.13 3.43
Quick Ratio 1.33 1.42 1.02 2.59 6.96
Interest Cover 7.94 6.32 8.54 8.06 5.65


92.94 2.98 2.60 3.98 97.25
Consumed
Mar
Mar '07 Mar '08 Mar '09 Mar '10
'06
366.9
Book Value 79.82 185.69 198.15 264.58
8
Competition
(Rs. cr.) Turnover
Sterlite Ind 176.15 59,214.61 13,124.50 831.50 27,590.28
Hind Zinc 1,092.35 46,155.27 8,138.92 4,041.41 18,184.44
Hind Copper 456.90 42,273.21 1,304.52 154.68 1,122.65
Tinplate 76.65 552.60 793.15 67.15 459.27
Bilpower 187.65 197.05 458.66 15.16 241.38
Nissan Copper 36.10 194.86 179.48 9.13 170.00
Precision Wires 125.95 145.64 632.58 22.62 215.05
Cubex Tubings 18.45 13.67 64.41 1.87 46.11

Aluminium Industry in India

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Aluminium Industry in India

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Aluminium Industry in India

Aluminium Production in India

The Major Players

 Hindustan Aluminium Company (HINDALCO)

12 mths 12 mths 12 mths 12 mths 12 mths

Total Share Capital 422.53 422.53 422.53 422.53 422.53

Equity Share Capital 422.53 422.53 422.53 422.53 422.53

Share Application Money 0.00 0.00 0.00 0.00 0.00

Preference Share Capital 0.00 0.00 0.00 0.00 0.00

Reserves 3,007.25 7,204.53 11,425.66 13,935.05 17,701.44

Revaluation Reserves 0.00 0.00 0.00 0.00 0.00

Networth 3,429.78 7,627.06 11,848.19 14,357.58 18,123.97

Secured Loans 0.00 0.00 0.00 8.30 0.00

Unsecured Loans 558.02 0.39 0.39 0.39 60.47

Total Debt 558.02 0.39 0.39 8.69 60.47

Total Liabilities 3,987.80 7,627.45 11,848.58 14,366.27 18,184.44

12 mths 12 mths 12 mths 12 mths 12 mths

Gross Block 2,989.96 3,499.79 5,121.92 5,855.51 8,240.66

Less: Accum. Depreciation 1,129.66 1,264.19 1,484.64 1,750.59 2,076.57

Net Block 1,860.30 2,235.60 3,637.28 4,104.92 6,164.09

Investments 1,604.88 4,403.30 6,332.45 6,928.87 10,949.17

Inventories 383.10 499.28 518.10 545.66 451.74

Sundry Debtors 689.85 556.62 443.66 164.94 151.83

Cash and Bank Balance 39.59 47.75 81.58 18.77 27.52

Total Current Assets 1,112.54 1,103.65 1,043.34 729.37 631.09

Loans and Advances 176.94 310.71 390.33 366.67 466.64

Fixed Deposits 34.44 71.95 1,281.20 2,700.38 900.01

Deffered Credit 0.00 0.00 0.00 0.00 0.00

Current Liabilities 671.73 947.80 1,237.78 1,374.20 1,699.98

Provisions 187.37 184.95 123.58 198.13 339.54

Total CL & Provisions 859.10 1,132.75 1,361.36 1,572.33 2,039.52

Net Current Assets 464.82 353.56 1,353.51 2,224.09 -41.78

Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00

Total Assets 3,987.80 7,627.45 11,848.58 14,366.27 18,184.44

Contingent Liabilities 492.84 1,554.81 1,449.49 1,936.69 1,132.68

Book Value (Rs) 81.17 180.51 280.41 339.80 428.94

Source : Religare Technova

Explore Hind Zinc connections

------------------- in Rs. Cr. -------------------

Sales Turnover 4,326.26 9,220.45 8,736.91 6,141.47 8,437.87

Excise Duty 461.82 673.03 841.44 452.96 414.71

Net Sales 3,864.44 8,547.42 7,895.47 5,688.51 8,023.16

Other Income 98.12 205.77 684.33 923.08 711.27

Stock Adjustments 43.48 56.91 -59.11 24.38 -75.32

Total Income 4,006.04 8,810.10 8,520.69 6,635.97 8,659.11

Raw Materials 367.77 328.73 474.71 676.96 587.61

Power & Fuel Cost 338.66 402.60 545.38 811.38 723.86

Employee Cost 205.59 250.10 308.19 379.00 457.36

Other Manufacturing Expenses 513.62 914.74 771.73 777.42 1,155.60

Selling and Admin Expenses 144.99 239.81 293.18 247.67 244.82

Miscellaneous Expenses 35.14 45.85 60.74 107.24 121.54

Preoperative Exp Capitalised 0.00 -2.16 -15.55 -20.94 -13.33

Total Expenses 1,605.77 2,179.67 2,438.38 2,978.73 3,277.46

12 mths 12 mths 12 mths 12 mths 12 mths

Operating Profit 2,302.15 6,424.66 5,397.98 2,734.16 4,670.38

PBDIT 2,400.27 6,630.43 6,082.31 3,657.24 5,381.65

PBDT 2,352.87 6,601.99 6,059.26 3,635.36 5,340.90

Depreciation 138.27 156.08 220.51 285.27 334.25

Other Written Off 2.41 0.51 1.53 0.00 0.00

Profit Before Tax 2,212.19 6,445.40 5,837.22 3,350.09 5,006.65