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VOLUME 10
ISSUE 06
FEB 2011
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FEBRUARY 2011 VOL 10 ISSUE 06
SUPPLY cHAIN METRIcS INSIDE
INDUSTRY 2.0 - TECHNOLOGY MANAGEMENT FOR DECISION MAKERS
strategy MSMEs play a pivotal role in India’s economy Business Monitoring competition reveals opportunities for growth
IndIa needs Warehouses WIth Better scale, hIgher automatIon and more FlexIBIlIty
Fostering Innovation technology solutions provide an effective platform for design collaboration and communication
Warehousing Re-design of the supply chain reduces overhead costs
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CMYK
How does engineering efficiency increase my competitiveness?
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Answers for industry.
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editorial VOl. 10 | ISSUe 06 | FeBRUARy 2011
Managing Director: Dr Pramath Raj Sinha Printer & Publisher: Kanak Ghosh Editorial Group Editor: R Giridhar Associate Editor: P K Chatterjee Sub-Editor: Reshmi Menon dEsign Sr. Creative Director: Jayan K Narayanan Art Director: Binesh Sreedharan Associate Art Director: Anil VK Sr. Visualisers: PC Anoop Chief Designer: N V Baiju Sr. Designers: Prasanth TR, Anil T, Chander Dange & Vinod Shinde Photographer: Jiten Gandhi brand managEmEnt General Manager: Nabjeet Ganguli salEs & markEting VP Sales & Marketing: Naveen Chand Singh (09971794688) National Manager - Sales: Pranav Saran (09312685289) National Manager - Events & Special Projects: Mahantesh Godi (09880436623) Assistant Brand Manager: Arpita Ganguli GM South & West: Vinodh Kaliappan (09740714817) Coimbatore: D K Karthikeyan Kolkata: Jayanta Bhattacharya (09331829284) Production & logistics Sr. GM - Operations: Shivshankar M Hiremath Manager - Operations: Rakesh Upadhyay Assistant Production Manager: Vilas Mhatre Logistics: MP Singh, Mohamed Ansari officE addrEss Nine Dot Nine Interactive Pvt ltd Kakson House, A & B Wing, 2nd Floor 80 Sion Trombay Road, Opposite R K Studio Chembur, Mumbai 400071. Board line: 91 22 67899666 Fax: 91 22 67899667 For any information, write to info@industry20.com For subscription details, write to subscribe@industry20.com For sales and advertising enquiries, write to advertise@industry20.com For any customer queries and assistance, contact help@9dot9.in Printed and published by Kanak Ghosh for Nine Dot Nine Interactive Pvt ltd Plot No. 725 GeS, Shirvane, Nerul, Navi Mumbai 400706. Board line: 91 22 67899666 Fax: 91 22 67899667 Editor: Anuradha Das Mathur Plot No. 725 GeS, Shirvane, Nerul, Navi Mumbai 400706. Printed at Silverpoint Press Pvt. ltd, D 107, TTC Industrial Area, Nerul, Navi Mumbai 400706.
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Making Design Collaboration
More effective
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or engineering companies, the ability to quickly design a new product, or modify an existing design to meet customer needs can often mean the difference between mere survival and profitable growth. This is one reason why even small companies are now adopting CAD tools to boost productivity and innovation. However, the current reality of product development is that entire design can seldom be achieved through a single environment. Multiple CAD tools are often used to develop various components. The reasons for this proliferation of design tools are many, according to Aberdeen Research. Supply chain partners and sub-contractors can use different tools for design, or the organization itself may have a variety of tools for various purposes. Some tools may have been acquired in past based on affordability, or the need to meet a specific objective. In other instances, legacy designs or long lifecycle products may need to be re-used in new products or re-designed to meet new needs, necessitating the use of a different tool. In a few instances, the use of a specific CAD software could be driven by design engineer training, or regulatory needs. Aberdeen’s survey of design organizations reveals that nearly 80 per cent dealt with at least three different CAD formats! The big problem with multiple formats is that it stymies effective collaboration.
industry 2.0
R Giridhar editor@industry20.com
That’s because CAD models in native formats often embed design intent and intelligence that can be easily leveraged within their own environment. When the models are brought into another design product, they often become “dumb” blocks. Making changes to the geometry becomes difficult, and it is hard to implement engineering change orders (ECOs) in the design. The problem gets worse when multiple parties are collaborating and sharing CAD data. As each party makes changes, it is easy for the design files to get out of synchronization, and for errors to propagate downstream to the manufacturing floor. How can you improve design collaboration and increase efficiency? The first step is to switch to tool that can intelligently manage multiple CAD formats. Then you should look at ways to centrally manage CAD data and synchronize designs. Use automated checks to confirm imported or translated CAD data matches original geometry. This will forestall problems down the line. To keep IP and designs secure, share CAD data through managed environments. Finally, look at ways to automate the integrated creation of bill of materials (BOM) to save time and reduce errors. Better design tools in conjunction with improved processes can dramatically increase design efficiency.
- technology management for decision-makers | february 2011
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contents in conversation
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Rajiv Bajaj
HeAd of MANufACTurINg AuTodeSk INdIA & SAArC
opinion
14 Buying A Machine Vision System Tips on evaluation of specific product features while purchasing the right machine vision system.
Wolfgang Schmitz MANAgiNg DirEctor SALtigo
According to Wolfgang Schmitz, Managing Director of Saltigo, the LANXESS subsidiary company, it has achieved its success through the company’s ability to intelligently combine innovative, stateof-the-art solutions—in both chemistry and other areas—with the many years of expertise built up by its staff.
cover story
Fostering Innovation
Designing high quality products as per the customers’ choice at the most competitive cost in the shortest possible time to accommodate changes in demand, holds the key to prosperity. Cover design: Anil T Picture courtesy: Saltigo
Inside scm metrics 36 Annual study of supply chain management (SCM) metrics for India’s top manufacturing companies. 40 Supply chain metrics – Large manufacturing companies 66 Supply chain metrics – Small & medium manufacturing companies Inside Cover design: Baiju N.V. Picture courtesy: www.photos.com
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- technology management for decision-makers
manufacturing technology 28 Improving Refinery Valve Actuation and Control Rotork technology helped enhance the operations of Reliance Jamnagar refinery.
materials & processes 32 Meeting Technical Challenges Overcoming difficulties while switching over from aluminium to stainless steel metal.
supply chain & logistics 124 Building Green Warehouses Implementing effective measures can help companies build green warehouses.
departments editorial ......................................01 Industry update......................... 04 Budget expectations ................. 10 event report ............................. 12 Advertisers’ Index ..................... 26 Product update ....................... 126
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industry update Indian Corporates embrace Wind energy
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enewable energy has been the most preferred option for Indian firms in terms of their engagement with the Clean Development Mechanism (CDM). Top corporates, however, have gone in for more of energy efficiency projects, shows a FICCI analysis of the Indian CDM portfolio. The report notes that as on April 2010, amongst the top corporates that have proposed CDM projects, ONGC (Oil & Gas) led the pack with 17 projects, followed by ITC (Pulp & Paper and Hospitality) with 16 projects; SAIL (13 - Iron & Steel); Reliance Industries (12 - Oil & Gas); Indian Oil Corporation (10 - Oil & Gas); Tata Steel (10 - Iron & Steel); Grasim Industries (9 – Cement); Birla Corporation (8 - Cement); Bajaj Hindustan (8 - Sugar); DLF (7 - Real estate) and Tata Chemicals (7 – Chemicals). Also noteworthy is –a wind sector company - Enercon India - has the highest number of projects in the overall Indian CDM portfolio (23 wind projects). Wind energy projects have been the most popular
among CDM projects for the Indian corporate sector with 322 companies engaged in 393 projects. This is followed by power, which has 165 companies having 181 projects; hydro sector (133 companies, 165 projects); iron & steel (118, 150); sugar (68, 95); chemicals (49, 56); pulp & paper (42, 61); textiles (40,43); cement (34, 55); and agro industry (30, 30). The analysis shows that as on April 2010, there were 1,633 projects in the Indian CDM portfolio, which includes projects approved by the Indian DNA at various stages of completion. Over 1,100 firms representing almost 60 sectors were engaged in CDM projects. Most companies have engaged in renewable energy CDM projects (34 per cent) followed by energy efficiency and biomass projects. Over 800 companies representing over 60 sectors have only one CDM project. Out of these 210 companies representing different sectors have wind projects, followed by power (131), and hydro (107). Most power sector companies have biomass projects (88).
event update Renewtech India 2011
The exhibition and conference will focus on developments in renewable energy and emerging technologies. Venue: Bombay Exhibition Centre, Mumbai Tel: +91-22-26605550 Website: www.renewtechindia.com Date:
17 February to 19 February 2011
IBae 2011
The event will present products and services of the general and business aviation industry, and offer a roadshow to take the industry forward. Venue: Hotel Shangri-la, NCT of Delhi Tel: +91-11-42795000 Date: Website: www.miuevents.com/ 21 February to 23 February 2011 ibae2011
ID India expo 2011
The exhibition will bring an opportunity to identify the technologies. Industry experts will be able to interact to plan for research, technology, business etc. Venue: Pragati Maidan, New Delhi Tel: +91-22-26057836 Date: 23 February to Website: www.idindiaexpo.com
25 February 2011
tCS Launches iON For SMBs
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hile global Software as a Service market is growing at 25 per cent CAGR and worldwide ICT spend in the SMB market segment is growing at three times that of large companies, Tata Consultancy Services (TCS) has launched its business solutions on the Cloud (iON) for SMBs. This is a significant step-ahead addition in the IT as a Service (ITaaS) seg- (From L-R) ment, especially for Indian SMBs. N. Chandrasekaran, CeO of tCS and The integrated solution facility will Ratan tata, Chairman, tata Sons enable SMBs to enjoy the advantages of Pay-per-Use business model, which will bring them a great relief from incurring huge expenses to adopt technology. Also, they will be relieved from the burden of frequent upgrades and product replacement because of fast technology obsolescence in the IT sector. As 95 per cent of the Indian firms are SMBs and 60 per cent of them still do not have any ICT infrastructure, the solutions are expected to offer great advantages to them to meet all compliance and statutory requirements, which are integral to business continuity and sustained growth.
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- technology management for decision-makers
Cards expo 2011
The exhibition will display a wide range of access control systems, automation, biometrics, electronic components, card printers etc. Venue: Pragati Maidan, New Delhi Tel: +91-22-26057836 Date: Website: www.idindiaexpo.com 23 February to
25 February 2011
DHIND expo 2011
The event will showcase the latest products, machinery, equipment and developments in the industry. Venue: Haveli Maidan, Silvassa Cell: +91- 9825659566 E-mail: roy.jacob@cii.in Date: Website: www.softwebexpo.com 21 april to
24 april 2011
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industry update IFFCO to Implement OtM For KPIt Cummins
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DIeSL Owns Loyalty award
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rive India Enterprise Solutions Ltd. (DIESL), the logistics arm of the TATA group, has won the Carlson Marketing’s Customer & Brand Loyalty award in the ‘Logistics Sector—3rd Party Logistics’ at the 4th Loyalty Awards held in Mumbai on 27th Jan 2011. The awards, now in its 4th year, are the outcome of a combination of customer research undertaken in six cities of India with a sample of 25, 000 customers and 500 corporates aided by nominations received from organizations. Speaking on the occasion, Ajay Chopra, CEO, DIESL commented, “As the third party logistics segment evolves in India we believe that superior service quality will be a key
differentiator. The technology powered customer centric approach has given us the edge and made us future ready and capable of meeting global standards in the challenging Indian scenario. We are humbled by this recognition and it encourages us to further enhance our service commitment to our customers.” DIESL is jointly owned by Tata Industries and Tata International. It is a leading provider of integrated logistics solutions, with over 176 warehouses connecting 5000 towns across India. The company operates more than 4.4 million sq. ft. of warehouse area, covering around 90 per cent of country’s districts and managing over 3.25 million transactions per month.
Packers and Movers Co expands Horizons
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eing well known in the home relocation sector with over 800 company owned vehicle and 52 self owned offices servicing 1,264 locations pan India, Agarwal Packers & Movers is all set to expand in the field of logistics and Relocation through franchising. Now the company is coming next door to its clients with franchisee system of business and with Franchise India’s guidance and support for marketing and recruitment services. It is planning to open 200 outlets in Delhi and NCR in next three months. According to the company, the crux of becoming the franchise of Agarwal Packers & Movers has certain advantages like—to get assured income, to shoot up the multiple growth of the existing business, to make own network with high profiles, to live in the dreams of entrepreneurial with financial independence. An ideal outlet is expected to spread across 50 to 100 sq ft area, as per the location and footfall by offering wide range of relocation services with their existing business.
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february 2011 | industry 2.0
- technology management for decision-makers
FFCO, the UAE headquartered manufacturer of consumer products, having diversified operations across multiple countries, has selected KPIT Cummins to strengthen its supply chain execution using Oracle Transportation Management (OTM). As part of this strategic engagement, KPIT Cummins will build a comprehensive transportation management platform to integrate IFFCO group’s supply chain processes as well as those of its external carriers. This is one of the largest OTM implementations in the Middle East and will be completed in 14 months. The scope of this multidimensional transformational project includes streamlining of all logistics and transportation - domestic and international - across IFFCO’s entire supply chain from inbound raw and packing materials to finished goods distribution, and will be designed to achieve – i) Integration of IFFCO’s five large business verticals - Fast Moving Consumer Goods, Commodities, Oils and Fats, Frozen Foods and Institutional Services, on a single transportation management platform, and ii) Uniform deployment of OTM across nine countries - UAE, Pakistan, Malaysia, Tunisia, South Africa, Turkey, Indonesia, China and India. According to sources, IFFCO selected KPIT Cummins for its strong pedigree in providing solutions to the manufacturing industry, its capabilities in developing and implementing OTM-based Supply Chain solutions and its extensive experience in global implementation and support. Commenting on the development, Anamitra Roy, Group Director Information Technology, IFFCO, said, “OTM will be a very critical implementation in IFFCO as we have sharpened our focus on supply chain execution to give us cost and service benefits. This, coupled with the fact that we do not come with any transportation management system usage experience, made it crucial for us to select a partner that not only knows the product well but also understands the transportation space and has experience of working with business teams.
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industry update Haas automation Sets Up Indian Subsidiary
Fuel Efficiency Rises With New Lubricant
R A view of the training centre in Haas Automation India, at Mahape in Navi Mumbai.
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S-based Haas Automation has set up its own Indian subsidiary, Haas Automation India, at Mahape in Navi Mumbai. The latest development will help the company to provide high levels of technical service, applications, training and parts support to its customers in India. Established in 1983 in USA, Haas Automation provides a wide range of hi-tech CNC machining centres, turning centres and rotary products backed up by well spread out HAAS Factory Outlet (HFO) network. The company has six HFOs located in Ahmedabad, Bengaluru, Chennai, Coimbatore, Manesar and Pune, which are locally owned and operated by its two distributors, viz., CNCSSIPL and
MANAV. The company is planning to add another six HFOs to its network. The company products find applications in diverse sectors including precision aerospace, medical, mould making, auto components, oil and gas and precision general engineering. “HAAS Automation India in Navi Mumbai will provide our existing distributor set up with a localized, comprehensive spare parts inventory to augment the inventory already available at our six local HFOs. This will also help eliminate the need for our distributors to order parts from the US, factory level technical service, applications and training support and spares rebuild capability,” said John Roth, Director of Customer Service, Haas Automation Inc USA.
adani Group Bags Project in Indonesia
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dani Enterprises, has signed an agreement with the Regional Government of Sumatra Selatan, Indonesia and PT Bukit Asam Tbk, a Government of Indonesia coal mining company, to set up a rail and port project. The project, estimated to cost $1.65 billion will be executed by PT Adani Global, which is a stepdown subsidiary of Adani Enterprises. Scheduled to be completed over a period of 48 months, the project will involve the construction of a 250 km railway line and port infrastructure - needed for the transportation and ship loading of up to 60 mmtpa of coal. The railway line will help connect Tanjung Enim, the coal mining area to Tanjung Carat, where the Group will set up a port for evacuating coal. Talking on the development, Gautam Adani, Chairman, Adani Group, said, “India and Indonesia jointly can be shining examples of nation building through co-operation. These initiatives in Indonesia, Australia and even in India will bring us closer to achieve our stated goal of 20,000 MW of power generation, 200 MMTPA of coal mining, 200 MMTPA of cargo handling and owning 20 capesize ship by 2020.”
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february 2011 | industry 2.0
- technology management for decision-makers
esearchers at Shell and Gordon Murray Design (GMD) have developed a new engine lubricant capable of achieving a 6.5 per cent improvement in fuel efficiency. This is considered to be a step change compared to the improvements of around 2.5 per cent achieved in typical fuel economy lubricant development programmes. Using GMD’s new T.25 city car as the test bed, Shell engineers succeeded in developing an ultra low viscosity 0W-10 motor oil. A co-engineering approach between the Shell and GMD development teams used sophisticated mathematical modelling techniques to define the optimum lubricant for the
T.25 city car from Gordon Murray Design T.25 engine design, helping in achieve the lowest possible engine friction. “Although in the concept stage, this represents a major advancement in lubricant technology. When we take into account the pressure and incentives for vehicle manufacturers to reduce CO2 emissions the contribution from lubricants can become very significant,” says Selda Gunsel, Vice President, Lubricants and B2B Products Technology, Shell Lubricants. Professor Gordon Murray, CEO and Technical Director, Gordon Murray Design, says, “We have challenged every aspect of car design to create the T.25 and the environmentally positive iStream manufacturing process.”
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budget expectations
Budget 2011 Energy Sector The Indian Union Budget for 2011 should focus on creating an outward or international M&A focused environment. This will not only ensure increase of Indian companies’ footprints to access more resources, better manufacturing skills but also to diversify the overall debt portfolio. As case point being China’s huge move towards international acquisitions in the areas of Energy, Natural Resources, etc. However, to protect the local manufacturing industry, import and anti-dumping duties may be continued, if not majorly increased. Hari Kiran Chereddi Managing Director, Sujana Energy
Writing Instruments Segment Pens or Ball Point Pens exceeding Rs. 200 attract 10 per cent excise duty, this value limit for excise exemption needs to be re-considered for the growth of this segment domestically, and increase export business. We expect an increase in the current exemption limit of excise duty on all kinds of writing instruments, from Rs. 200 to 1000. Markers and Higlighter Inks should also be exempted from the current excise duty @ 10 per cent. D. K. Jain Chairman & President Luxor Group
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february 2011 | industry 2.0
IT Data Storage Segment With last year’s budget, the government was able to successfully power the social inclusion agenda. Going forward, creating an inclusive India and sustaining our growth track will continue to remain of prime importance—with a clear focus on development, education and infrastructure. Overall I expect to see a special thrust towards promoting competitiveness in the emerging sectors/industries which are on the threshold of immense growth. I hope and expect, we will continue to see a supportive stance from the government towards IT industry, and that we will continue to work towards making India a “Future Ready” and globally competitive economy. Rajesh Janey President- India and SAARC, NetApp
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IT Product Segment We look for: Single tax code, which will ensure common tax structure for software and commodities, will help in substantial savings. This will simplify the tax structure and make it easy to interpret for all. SOPs for indigenous product companies that are investing in R&D in India, and creating assets to service the global market. This could be in the form of: ● listing them as preferred vendors for Government and public sector projects subject to them matching the required technical and product expertise criteria. ● investment allowance for certified indigenous product companies, which will boost local companies to do R&D. Strong focus on promoting Small and Medium Enterprises (SMEs) as they are the torch bearers of the future economy. Initiatives such as ● Bringing back the special subsidies given to SMEs for investments in IT will help in faster adoption of IT among the SMEs. ● Easy loans, and better interest rates. Kamesh Ramamoorthy COO, Ramco Systems
IT Infrastructure Segment The recovery of the global slowdown is so fragile that everyday there are new concerns coming out – either it is Euro zone related or inconsistent economic data in the US, threatening to derail the recovery process. Due to this, environment corporations are not committing on any long term deals, creating huge pressure on India-based IT export companies in forward planning and taking any steps in price negotiations to offset the input cost increase. The tax holiday under 10A/B is extended for another three years at the minimum, a stable tax regime and tax holiday will give the required confidence and elbow room for the companies in India—to do the planning and capacity expansion that is need of the hour. Government has the responsibility to do this help in view of the high inflation. There is absolute need to expand the employment market as only creation of jobs can give the needed purchasing power to tide over the high inflation—as extended inflation cannot be avoided because it comes with the growth. So, an incentive by way of deduction of 33 per cent or so from first year pay outs against any new job created can be another incentive—which is worth considering. This will help incentivize job creation. Imran Ali Regional Head Asia Pacific, AXA Technology Services
Infrastructure Sector With Indian and global economies moving away from turbulent times and returning to normalcy, certain measures in Union Budget 2011-12 will aid speed-up the growth process. And I hope Finance Minister Pranab Mukherjee will present a budget that will augment growth and prosperity in every aspect in India. While, Finance Minister has certainly presented a very good budget last year, best suiting the need of the times then; similar progressive measures are expected from him this time around too. I recollect a famous quotation of Mahatma Gandhi, who said, “Democracy is the art and science of mobilizing the entire physical, economic and spiritual resources of various sections of the people in the service of the common good of all.” And I sincerely would like to see this budget uniting our capabilities to build a better tomorrow. Personally, I would like to see an increased focus on infrastructure development – an aspect which can propel India to a new level of auto-accelerated growth. With this we could certainly expect the GDP to exceed the highs from previous years. Samson Arthur GM (India), Quinn Group www.industry20.com
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- technology management for decision-makers | february 2011
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event report
Integrating Design With Manufacturing For Profits PLM is the tool that manages the entire lifecycle of a product, since its conception through design and manufacture, to service and disposal. A recent event, jointly organized by PTC and Industry 2.0, elaborated the efficacy of deployment of the software in the Indian manufacturing sector.
Panelists at the event (From L to R) Kumar Kandaswami, Senior Director, Deloitte Touche Tohmatsu (India); Balaji Sahu, Head Manufacturing, Gabriel India; N D Wagh, Vice President & Operations Head, Kirloskar Brothers and Rafiq Somani, Area Vice President & Country Manager, PTC.
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ecently at an event in Pune, designers, engineers, manufacturing company owners and other business decision makers from the local manufacturing industries, participated in an interactive session on the need for efficient designing of products to be globally competitive. In the evening, Kumar Kandaswami, Senior Director, Deloitte Touche Tohmatsu (India) delivered his presentation on the need for innovation in the Indian manufacturing sector to be globally competitive. Based on a recent survey conducted by Deloitte, Kumar focused on several areas from the macro level, where the Indian manufacturers need to focus on to improve their shares in the global market.
february 2011 | industry 2.0
in most of the cases, under the Indian circumstances, manufacturing leaders need to spend most of their time in chaos management; they hardly get time to spend on thinking of innovations in terms of product and process development. Rafiq explained how Product Lifecycle Management (PLM) can help companies collect data from several quarters (people in and out of the company) through communication and collaboration, configure them and create a single centralized source to refer on for product development. With examples from several internationally well known companies, he pinpointed the importance and need for having good technologies and tools as a back end process to capture data and store them—to build the next version of the product with higher quality, through a better, safer and economic way. He also stressed on the need to capture the customers’ or end users’ thoughts to involve them for product development—the process popularly called co-creation of products. The programme turned highly eventful when the panelField experts are engaged in discussing the ists started fielding merits of PLM solution. questions from the audience. Besides Rafiq and Rafiq Somani, Area Vice Kumar, ND Wagh, Vice President President & Country Manager for & Operations Head, Kirloskar PTC talks on the several kinds of Brothers and Balaji Sahu, Head product development pressures Manufacturing, Gabriel India that the senior managers and shared their experience with the executives in the Indian manufacinquisitive audience. turing sector are facing today. As
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opinion
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e are now in a time where companies need to optimize their productivity without compromising their production quality—while still keeping to their tight budgets. Here is where ‘machine vision’ systems come in—to ensure quality management and at the same time, help you save costs. By detecting process errors and defects early in products and their packaging, ‘machine vision’ helps minimize waste—and reduces the cost of recalls, as well as the trouble of having to scrap defected products.
Buying A
Does the vision system make it easy to set up applications, create custom operator interfaces and administer networks? Vision applications mostly do not require elaborate runtime interfaces, but operators typically need to interact with the vision system during part changeovers to change tolerance parameters and to determine the cause of part failures. The vision system should enable easy configuration of these and other facets of your application without coding in Visual Basic or a proprietary script-based language. Network management tools should be included in the software to simplify remote administration of multiple systems including tasks such as backup, image playback, firmware
the most critical step as it often determines the success or failure of an application. Vision systems are trained to recognize parts based on a ‘model’ image, but even the most tightly controlled manufacturing processes allow some variability in the way a part appears to the vision system. Therefore, the vision system’s part location tools must be intelligent enough to quickly compare model images to the actual objects moving down a production line, regardless of which side of the part faces the camera, its distance from the camera, shadows, reflections, line speed, and normal variations in appearance.
upgrades and context sensitive help documentation. If maximum ease of use and affordability are priorities, you should ask vision system providers—if they offer a ‘plug-and-go’ solution. This enables even novice users to set up, deploy and monitor vision applications using a simple touch-screen operator display panel with no PC required.
ing undesirable features. This prepares the image for optimal performance by more powerful vision tools and can significantly improve the accuracy and robustness of the overall system. Pre-processing tools also increase the contrast between the part and its background, mask insignificant and potentially confusing image features, eliminate ‘hot spots’ reflecting off the part surface, and smooth rough surface textures. A complete set of image pre-processing tools should be included with the vision system chosen.
Does the vision system have a complete set of image pre-processing tools? Image pre-processing tools alter the raw image to emphasize desired features while minimiz-
Machine Vision System Finding the right ‘machine vision’ system can be daunting with the wide range of vision systems available today. Simply finding a system that can perform the necessary vision tasks is not enough; other factors such as variations in lighting conditions, networking and communications capabilities, accessories and product support options as well as ongoing post-deployment support need to be considered to ensure a successful deployment. This article guides you through the vision system selection process, providing answers to ten critical questions for evaluating specific product features. by didier lacroix
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february 2011 | industry 2.0
What is the importance of part location tools, and how can you assess their performance? Part location software tools find the part within the camera’s field of view. Typically, the first step in any vision application, from the simplest robot pick-and-place operation to the most complex assembly verification task, it is also
- technology management for decision-makers
What should you look for in character reading and verification capabilities? Whether you are reading stamped
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10,000 cr worth
of annual B2B transactions
opinion alphanumeric codes on automotive parts or verifying date and lot code information on medicine bottles or packages, there are several capabilities to look for when evaluating character reading and verification tools such as statistical font training, image pre-processing tools and instant image recall. Statistical font training: This builds a font by learning models of characters that appear in a series of images. The images should include multiple instances of each character and span the full range of quality likely to occur in production. The resulting font will be highly tolerant of normal variations in print quality, whether due to poor contrast, variable
A system that supports the complete set of standard networking protocols should be chosen for vision systems— that need to be linked to PCs at the enterprise level.
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locations, degradations, or variations in stroke widths. Unless it is known that every code will be marked with the same quality in the reference images used to learn the character models, statistical font training can be crucial for the success of your reading or verification application.
Image pre-processing tools: These optimize a trained model by sharpening the edge contrast of characters and filtering out extraneous background in the image. Optimized models maximize the reliability and repeatability of the vision system. Instant image recall: This enables line operators and technicians to quickly and easily view failed images on a display.
february 2011 | industry 2.0
Whether the failure is caused by a camera jarred out of position or a damaged label, it is important to immediately know the cause of failure for corrective action to be taken. How can you determine the repeatability of a vision system’s gauging tools? For applications involving critical dimensional measurements, the vision system’s gauging tools must be accurate and perform with a very high degree of repeatability. The vision system should have a full suite of gauging tools to choose from—to fit the requirements of your measurement application without having to write custom scripts or functions. How do you evaluate industrial code reading tools and what are some specific features needed? Industrial environments demand a vision system that can read 2D Data Matrix codes that are degraded, poorly marked, or vary in position from part to part. The vision system should perform well regardless of the part material (such as metal, glass, ceramic and plastic), and the type of part marking method employed (such as dot peen, etching, hot stamping and inkjet). Beyond these criteria, there are specific code reading features worth inquiring about such as code quality verification and reading speed. Code quality verification: Look for products that can verify code quality to established standards. This informs you how well the marking process is working. Reading speed: Depending on your production line speed and throughput requirements, you may need a very high-speed reader. The fastest vision systems available today can read more than 7200 codes per minute.
- technology management for decision-makers
What networking and communications features you look for? Networking is essential to many vision applications as a means to share data, support decision-making and enable highly-efficient integrated processes. For example, networking enables vision systems to transmit pass/fail results to PCs for analysis, or communicate directly with PLCs, robots and other factory automation devices in an integrated process control system. A system that supports the complete set of standard networking protocols should be chosen for vision systems—that need to be linked to PCs at the enterprise level. • TCP/IP client/server enables vision systems to easily share results data with other vision systems and control devices over Ethernet without code development. • SMTP (Simple Mail Transfer Protocol) enables you to immediately receive an e-mail on your PC or cell phone when a problem occurs on the production line. • FTP (File Transfer Protocol) allows inspection images to be stored on the network for later analysis. • Telnet is an Internet standard protocol that enables remote login and connection from host devices. • DHCP (Dynamic Host Configuration Protocol) allows a vision system to automatically receive its network IP address from a server, enabling true plug-andplay performance. • DNS (Domain Name Service) allows you to assign each vision system a meaningful name, such as ‘Bottling Line System 1’, instead of having to use a numeric IP address. To integrate a vision system with the PLCs, robots and other automation devices in the plant, the system chosen must also support the following: • Industrial Ethernet protocols
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opinion such as EtherNet/IP, PROFINET, MC Protocol and Modbus TCP. These enable vision systems to be linked to the most popular PLCs and other devices over a single Ethernet cable, eliminating the need for complex wiring schemes and costly network gateways. • Fieldbus networks, including CC-Link, DeviceNet, and PROFIBUS. A protocol gateway accessory is usually needed to add a vision system to a Fieldbus network. • RS-232 and RS-495 serial protocols, needed to communicate with most robot controllers. Finally, as more vision systems are used throughout the manufacturing process, the need for a centralized way of manag-
choice of accessories can go a The
long way towards
ensuring trouble-free system integration. ing them becomes increasingly important. Make sure the vision system chosen comes with software that allows easy control and monitoring of the operation of all vision systems remotely over the network from any location, on or off the plant floor. What should you know about vision system accessories? Too often, so much attention is given to evaluate the vision system that accessory products are almost an afterthought. But the choice of accessories can go a long way towards ensuring trouble-free system integration and in the case of lighting, can even make/break the application. For quick and painless integration of the vision system, it is wise to buy from a vendor that offers a complete family of compat-
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ible accessories. This gives the assurance of knowing that every accessory has been tested and confirmed to be compatible with the vision system. You must look for the following accessories as listed below. Lights: No two production areas have the same ambient light conditions, and parts can exhibit a wide range of surface characteristics. Nearly every ‘machine vision’ solution requires a unique lighting approach to meet its objectives and optimize performance. Vision system vendors should offer a variety of lighting options, including: ring lights, which provide soft, even illumination from all directions; back lights, which create maximum contrast between a part and its background; and dark field lights, which provide low-angle illumination for imaging of part surface irregularities.
Communications modules: Ensure that your chosen vendor offers communications peripherals such as I/O modules and network gateway modules that support quick and easy connectivity between the vision system and PLCs, robots and other factory automation devices and networks. Operator interface panels: A networked operator interface panel allows easy plug-and-go setup and deployment, plus ongoing monitoring and control of vision systems without a PC. When selecting an operator interface panel, look for one with an intuitive, touch-screen interface. Camera enclosures: Some vision systems are assembled into rugged, IP and NEMA-rated metal cases to withstand dust and moisture without requiring a separate enclosure accessory. However, if the environment in your plant is especially harsh or requires frequent wash down of equipment, ask your prospective supplier if they offer external enclosures prequalified for use with the system.
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Does the machine vision system require a PC? While some vision applications are complex and require more robust capabilities, many of them may be addressed with an affordable, standalone solution. For those applications, vendors should offer a standalone vision system that does not require a PC—during configuration or in production mode. The system should offer true plug-and-go performance that enables quick configuration of the application, from start to finish, right out of the box. Also, the vision system should not require a PC to be rolled onto the factory floor every time changes to the application need to be made. Finally, a true standalone vision system should enable hooking up a monitor for live image display without a PC. Does the vision system supplier provide the support and learning services that you need? Even the highest performance vision system is only as good as the suppliers who stand behind it. Whether you buy your vision system from a distributor, a systems integrator, or directly from the manufacturer, it is important to know beforehand the full range of support services available. Note that your chosen vision supplier understands your unique support requirements and provides you with all the resources needed during every phase of the project, from application development and systems integration, to deployment and beyond. One more thing to note is that the best suppliers do not merely try to sell a product—they take the time to carefully understand and evaluate all of your requirements before proposing a solution. Didier Lacroix is the Senior Vice President, International Sales & Services, Cognex.
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Picture Courtesy: www.ptc.com
cover story
FosterIng FosterI Foster Ing
InnovatIon For
success
In today’s globalised economy, where the clouds of competition have overcast the open sky, and are restricting the growth of Indian manufacturers, irrespective of the size of the company, innovation at all stages is inevitable for success. Designing high quality products as per the customers’ choice at the most competitive cost in the shortest possible time to cope up with the changes in demand, now holds the key to prosperity. Also, aligning the goal of the overall business with that of the company’s product development strategy is an important determinant to blueprint the path of progress. Efficient application of IT, especially the Product Lifecycle Management (PLM) software, enables manufacturers to tide over this critical condition. by p. k. chatterjee
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- technology management for decision-makers
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W
hen Electrolux decided to discontinue production at their factory in Alcalà, Spain in 2009, Enderson Guimaraes, Head of Electrolux Major Appliances Europe, declared, “The European market for household appliances is fiercely competitive. Unfortunately, we cannot manufacture products at a competitive cost level in the Alcalà factory—which is why Electrolux will stop production there in 2011.” Just about the same time, an SMB, Wholesale Leather Handbags, received the Fast Growth Business Award (FGBA) 2009. Bill Roy, the 25-year-old America Born Chinese CEO of the company, had set up his Internet-based handbags wholesale company barely in 2008, and managed the same through various innovative ways. He created an informative and customer-friendly handbags wholesale website, supported by a highly innovative factory in China. Also, a winner of the Top 10 Most Successful CEOs of Medium-small Business in 2008, Bill incorporated a
mix of strict management theory of the USA and humane principles of the Chinese way of management. Although, it is not wise to compare the above two instances, as the parameters are of varying nature, a common truth automatically surfaces that even during the peak period of global economic crisis, innovative ideas can lead to success. Edward de Bono very nicely stitched the words as— “Traditional thinking is all about ‘what is’. Future thinking will also need to be about ‘what can be’”. There are several business constraints, however, simultaneously exist at least a few business opportunities. Every organization has its own strengths and weaknesses, which are internal to it – based on the resources that it possesses, its structural characteristics, leadership and marketability. Today’s markets are buyer or customer driven. Thus, inclusion of customers’ needs, ideas, choices and facilities in the business strategy helps faster growth. Both opportunities and constraints are generally external to the company, but normally the strength lies within its boundaries—may be extended boundaries in case of an extended enter-
Nitty-gritty of iNNovatioN for something new, and that drives the market or business. If you try to sell the old things they do not like it.
ProF. (Dr.) J. t. KshIrsagar Vice President corPorate research & engineering diVision KirlosKar Brothers ltd.
Q: What is the primary challenge forcing the drive for innovation among the Indian manufacturers? A: In one of the interviews, Mr. Rahul Bajaj was telling that he had been ruling all over the country for 30 years by selling Bajaj Chetak. People were ready to pay even through foreign exchange. Today, he needs to introduce something new in every three months. This is what is customers’ fast changing demand. What do the customers look at? They always search
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Q: What is the easiest way to determine exactly what do the customers want? A: This is not a simple question—looking at different products. Take for an example, Bosch company—they were working on Euro 3, Euro 4 ... depending on the market scenario. Suddenly now, they are talking about Euro 6 (Emissions and OBD standard), that may not be required now, but may be essential after five years. However, the company is trying to capture the market. May be, if they introduce Euro 6 right now—nobody will value at this stage—but tomorrow obviously market will look for it. So, always look for something, which is beyond the customers’ thinking. Q: Where should the manu-
facturers look for inspiration to conceive such products? A: That is the rule of the market. Look at Walkman... somebody thought we sholud have a portable music system. Walkman remained so popular till the time iPOD came. iPOD is now being driven out by iPAD. 2G was there, now 3G will drive that out. So, it is the change that is demanded by the customer. We should always focus on that. Q: Do you think that there is a risk factor always associated with innovation? A: Take the example of Toyota: when they wanted to enter the new market, they first launched Qualis. They marketed that for two years. It was a grand success. Some day they cut off that and launched Innova. They did not want Qualis to compete with Innova. They identified that the market in India is not only for tourist cars, there is a demand for
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luxurious tourist cars too. If a foreigner comes to India, he or she always wants Innova. So, the market scenario changes. Mobile operators started with a charge (say) around Rs. 70 to 80 per minute. Today they have come down to 10 paisa per minute. The person who innovates and launches something, he or she takes the cream. Q: How can companies integrate design driven innovation to their business strategy? A: This is one of the biggest challenges for our Indian industry. Every industry must have R&D. They should always keep watch on what is going on in the world. R&D should develop new products, give those to the customers free of charge for trial. Try them out in the market, take feedback, once perfected, launch it in the market through scaled production. The entire process takes three to four months.
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cover story prise. A good leadership or management needs to encourage this through combining the strengths lying at different pockets of the establishment in order to build the cutting edge against the constraints.
Evolution of innovative practices
Although of late ‘innovation’ has been the buzzword in the manufacturing world, its history roots back to the primitive age of manufacturing, however, it was always treated as an inherent process associated with manufacturing. In today’s situation, tough competition, rising raw material price, increasing cost and complications related to manpower, supply chain complications, fast depletion of natural resources, environmental awareness etc., are compelling companies to specifically focus onto innovation. As obviously in today’s organizations multiple minds are involved in defining, designing, procuring, producing, distributing and disposing the products and processes, need for a common string or platform to hold the isolated thoughts of innovation has been imperative. Besides, geographically widespread po-
sitioning of the personnel and plants too has been posing the challenge of collaboration. Under such circumstances, information technology (IT) has been of great help. Application of IT helps in catching the innovative thoughts from different people—who may be inside or outside the organization, and store those on a central platform to share and develop further. The days are gone when a single mind used to generate ideas for improvement in an organization. In today’s complex organizational structure, different people from different functional areas contribute innovative ideas for further development, refinement, feasibility test, validation and implementation. This also eliminates or lessen the risk of failure to a great extent. Enormous development of Product Lifecycle Management (PLM) solutions has been playing a major role in capturing ideas, streamlining daily activities and fostering innovation in the agile manufacturing organizations these days. As discussed earlier, it is not always true that the innovative ideas originate only from the employees within the organization, there are many instances where companies picked up ideas from outside
it aids iNNovatioN
ananD ghoDKe diVisional Manager – Me general Motors india
Q: How are we looking at ‘innovation’ in the Indian manufacturing companies? A: Every manufacturing industry in India is facing very tough competition today. Unless a company goes into the innovative mode and creates something innovative or new for the customers, it is very difficult to win them. Today, almost all the products are giving the same kind of deliverables from the customer point of view. So, they look for something very specific, innovative and different. Q: How can a company create
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something very astounding to its customers? A: Take the example of the cartoon films. There are several imaginary things that people never expect in real life before seeing the film. How does this happen? These are based on creativity and innovation, based on the software tools that are now available. Nowadays many high-end software are available, using them several innovative products can be designed.
we are doing for the European countries or the USA, Indian manufacturers are supposed to use those techniques for our own development. To be globally competitive, we have no alternative but to take help of IT. Whether it is product design, process design, analytics, data collection from customers... throughout all the stages of a product (say) from design up to customers’ review, we have to use IT to its full capacity.
Q: Are we in India using the design software to its full capacity to deliver innovation? A: Actually in India, we work on a lot of IT infrastructure and backend processing for the developed countries, but the time has come to use all these tools for the development of our own economy. We are still behaving as the people of a developing country, but within a few years, we will be a developed country. Nowadays what
Q: When everyone will start using the high-end design packages, how will a particular manufacturer be able to design a completely distinguishable or unique product? A: This is a very valid point. See, everybody uses Microsoft Excel, which is a spreadsheet tool. Although, n-number of people are using the same tool—but in so many different ways that each is getting expected result based on his or her skill. Here comes
- technology management for decision-makers
the question of individual’s brain. We cannot work with any software without brain or creativity. Crores of people use Microsoft Office as a package, but some are using it in its true potential, and getting outstanding results. So, there is a need for innovative mind too. Q: What should be the starting point of innovation in a manufacturing company? A: It is very essential to create an environment where—the people who are using these tools can use their creativity. Although it is a two-way process (top to bottom and bottom to up), I think the process should start from the top. The people who are working on these processes should get flexibility to think and use their minds for developing innovative ideas or products. Unless the higher management shows fullfledged support and involvement, innovation is not possible in any organization.
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the boundaries of their organizations, refined them to suit their needs, implemented and enhanced profitability.
ingredients for innovation
Innovative ideas flow everywhere, and the streaming may originate from any source—more specifically—not necessarily such ideas will originate only from the personnel at managerial level or consultants, even ordinary workers may contribute extraordinary thoughts. A successful organization fishes these ideas, refines them and implements for growth and prosperity. All Indian manufacturers need to implement this practice irrespective of their category of products, size of the company and other factors. Many effective ideas originate from the employees of the organizations itself. However, for that top management’s willingness and involvement are absolutely essential. A case study of the de Bono Services informs: in Scroll Compressors, when employees were not giving their innovative ideas to the management anymore, the management took interest to create a leveled playing field between supervisors, engineers and frontline workers. It resulted into improved communication and positive flow of energy—which ultimately led to reduction of scrap by 20 per cent resulting in an annual cost saving of $48,000. In today’s busy business environment, calling frequent meetings often leads to wastage of time and idling of the core activities and increase in costs, wherein PLM offers a highly effective medium for catching, exchanging and designing the product and manufacturing process for enhanced profitability eliminat-
ing wastes and unnecessary activities. In Maruti Suzuki India, there was a time when the company was experiencing increasing pressure to introduce new models in a shorter time frame, as well as pressure was growing to improve quality and reduce costs. Also, customer needs and perceptions were rapidly changing. They used PLM to tide over the situation. In the words of Mayank Varma, Assistant General Manager, Tool & Die Shop, Maruti Suzuki, “Our die design process clearly represented and still represents one of the most important opportunities for reducing overall die development time and thereby accelerating car-to-market time.�
it as an innovation enabler
Rapoo develops, designs, manufactures, markets and supports computer peripherals, including the wireless mouse, the wireless keyboard, audio equipment and joypad etc. When its sales volume decreased drastically in 2009, as a business enhancement initiative, the company thought of steps like—avoiding dispersed data storage, implementation of deficiency and change management, integrating with ECAD and MCAD and improving project management. They established unified data and project management platform, improved project management including automatic delivery and progress tracking, enabled standard parts and generic parts management and optimized R&D process. New capabilities implemented included team collaboration, visualization and CAD data management with PTC packages. The results were—reduced R&D cycle by 30 per cent and reduced design errors by 50 per cent, improved R&D effi-
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„…† ‡ˆˆ ‰†Š‹ Œ
 � �� � �  €‚ƒ
cover story
root causE aNalysis is importaNt we are running manufacturing and administration—where we actually empower people to come up with ideas based on their experience of the process. Jan s. nIelsen general Manager oPerations deVeloPMent alfa laVal (india)
Q: How will you describe the zeal for innovation in our Indian manufacturing sector? A: When it comes to innovation, I mean process innovation—both in shopfloor and administration of supply chain. I feel, compared to Europe, we are more or less at the same level. We are having concepts,
Q: How do you deal with the risks involved with innovation? A: We take it in a structured way. If someone comes and says—now I am facing a problem and I really do not know how to solve this. Then we will have to take an emphatic approach, a structured way to solve the problem by finding out the root cause. Q: What kind of involvement is
ciency by 20 per cent and reduced R&D cost by 20 per cent and overall data integration. As discussed earlier, in today’s business environment, there is no dearth of innovative ideas, even if the internal sources of a manufacturing company are blocked because of any reason; there are opportunities outside to pick up the best practices. Deployment of right technologies accelerate the process of innovation to optimize the processes of product development—in modern scenario, intelligent product development is no longer possible without integrating and analyzing the inputs from the customers or users, suppliers or vendors, sales or marketing agents and of course other sources like several compliance authorities etc. Thus, without deployment of technology, it is no longer possible to align the product development goal with the business goal to stand ahead of competition in the global market.
conclusion
The old proverb goes “A stitch in time saves nine,” which is very true in this age of fierce competition. But how to put the stitch, if where to put it is not known? Traditionally, manufacturing organizations viewed the production and commerce as two different as-
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necessary from the management’s end for innovation? A: For just fixing problems, managements need not get involved. But when you do not know how to solve it— then you have to try with the management to run a project—may be small or big, to find out the root cause, and solve that, so that the problem does not come back again. Q: How is IT helping in doing innovation in manufacturing plants? A: I won’t say IT is directly helping innovation. It is keeping track of what we are doing,
pects of their businesses. However, the time has come when both need to be mingled; if its product is not accepted in the market, then no manufacturing organization can do business. On the contrary, if high quality product can be designed and manufactured through the safest and most economic and environment-friendly ways to cater to the customers’ choice (which changes fast these days), there cannot be any deterrent to success. PLM packages are now capable enough to cater to all these needs of the manufacturers, thus their deployment in the manufacturing organizations is inevitable, and they help in designing products ahead of time. PLM not only helps innovation by ensuring flexibility in manufacturing to create product variants fast, but also takes care of their sustainability in the market, which keeps the manufacturing organization agile. The way the concept of cloud computing is catching up, and technology is coming within the reach of the small Indian manufacturing companies, if all PLM vendors start offering their services in SaaS (Software as a Service) model via the cloud, of course assuring data security and privacy, undoubtedly there will be a revolution in manufacturing innovation in this sub-continent.
- technology management for decision-makers
what kind of problems we are facing... We are using IT as a tool for tracking problems. If the problem comes back again, it helps understanding the root cause fast. Q: What is your advice to the Indian manufacturing community? A: I feel, we need to encourage people to step forward to highlight if they have a problem. Only when the problems are highlighted, creative people will start to innovate to solve the problem. If you do not encourage people to step forward, you are not utilizing the brains.
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manufacturing technology
Improving Refinery Valve Actuation And Control
The Reliance Jamnagar refinery came on stream on target in 2000 as the world’s largest grassroots refinery with a production capacity of 33 million tonnes per annum. Mike Howard, Rotork’s senior control and instrumentation engineer, had been involved with the Reliance project from the earliest days. He describes how features of Rotork’s IQ intelligent actuation and Pakscan technologies were especially attractive to the instrumentation designers of the original refinery, and how enhanced actuator and Pakscan control functionality for the operation and maintenance of the refinery were important considerations for selecting Rotork for the Expansion Project.
Rotork’s Senior Control and Instrumentation Engineer Mike Howard with the examples of the Pakscan P3 master station and IQPro actuator products that were ordered for the new Reliance refinery.
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T
he Reliance refinery at Jamnagar in India is one of the largest single refinery sites in the world, and virtually all of its valves are motorised with Rotork actuators. Almost 3000 Rotork IQ intelligent valve actuators were installed during the construction of the original refinery, tank farm and power station in the late 1990s, together with a Rotork Pakscan
february 2011 | industry 2.0
2E two-wire digital control package comprising fifty separate master station and bus loop networks, making it the largest Pakscan site in the world. 2008 witnessed the completion of the Reliance Expansion Project at Jamnagar and here again over 1800 Rotork IQ actuators have been installed with thirty-seven of the latest Pakscan P3 master stations.
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The ‘non-intrusive’ advantage
During the initial construction stages in 1997, Rotork was selected as the sole supplier of electric actuators. Rotork was the only actuator manufacturer to offer ‘non-intrusive’ cable-less setting, commissioning and data transfer technologies with actuators that were already proven in the international petrochemical
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industries. The IQ intelligent actuator had pioneered ‘non-intrusive’ data communication by means of an infra-red link to a hand held setting tool when launched in 1993. By 1997 it was well established as Rotork’s flagship product, accounting for the majority of the company’s worldwide electric actuator sales. “The ability to commission IQ actuators without removing electrical covers in order to set end of travel switches and torque settings made the commissioning process more efficient whilst ensuring that internal electronic components were permanently protected from the possibility of contamination by moisture or dust, securing long term reliability in environmentally challenging conditions such as those found on the north-western coast of India,” says Mike Howard. He continues, “With Pakscan, we already had a long track record. The original Pakscan two-wire control system was launched in 1986, whilst the Pakscan 2E ordered by Reliance was the third generation version, which had been in production for five years and therefore had an extensive end user reference list unmatched by the other systems available in the marketplace.” Reliance also recognised that Pakscan provided them with a digital control system designed specifically for valve actuators— and has actuator focused features that are unavailable from other designs. For example, the capacity for up to 240 actuators on a fault tolerant field network that can be up to twenty kilometres long without repeaters is an important reliability and economic consideration in the spacious environments of refineries and tank farms. Repeaters require separate power supplies, can slow the data transmission speed and introduce a single point of
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failure. The failure of a repeater will of course result in the loss of communication with all downstream field units. Pakscan provides dual host communication paths as standard with the ability to isolate any field-based fault without interrupting communication with other units on the loop. In fact, Pakscan’s configuration provides built-in redundancy in every area—from the valve to the control room—ensuring that vital information for the host DCS on valve position, status and condition is as secure and available as possible. “By 1997, Pakscan had already successfully achieved host interoperability with all the major DCS vendors, including Honeywell, Allen Bradley, ABB, Yokogawa and Foxboro, giving Reliance added confidence. Pakscan uses the same Modbus communication protocol as used by Foxboro, whose Intelligent Automation (IA) system was subsequently introduced at the site,” recollects Mike.
New orders for the expansion project
The passage of time between the commissioning of the original Jamnagar refinery and the construction of a second grassroots refinery on the adjacent site was brief, but during this period Rotork launched new generations of both the IQ actuators and the Pakscan two-wire control systems—which were ordered for the new refinery. In both cases, improvements had been made to the functionality and user-friendliness of the equipment, in order to facilitate an increased level of asset management and reduced plant maintenance. The IQPro, Rotork’s third generation ‘non-intrusive’ intelligent design, includes the IQT direct drive quarter-turn version providing a more compact solution for the motorisation of ball, butterfly and plug valves. All IQPro actuators are equipped with a data logger to record historical operating data and valve torque profiles. This data can be extracted from the actuator and
industry 2.0
One of the many IQ actuator installations at the Reliance Jamnagar refinery. Rotork’s Regional Manager Kumar S. Malhalingham instructs an engineer on ‘non-intrusive’ data communication.
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manufacturing technology
Rotork’s ‘non-intrusive’ infra-red data communication technology was also further developed with the IQPro by the introduction of bidirectional communication between the actuator and the hand held setting tool. The tool enables
wire control system. Thirty-seven Pakscan P3 master stations were ordered to monitor and control the majority of the IQ and IQT actuators that were installed, once again linked to a Foxboro IA host system. Mike explains, “The Pakscan P3 introduced substantial upstream information improvements, including Ethernet connectivity, a built-in secure web server and time synchronisation, together with data logging of host messages, field unit commands and changes in status with email notification of alarm conditions.
actuator configuration data to be retrieved and retransmitted to other actuators, with the potential to save immense amounts of time when many valves require near identical commissioning settings. Up to ten configuration files and four data logger files can be downloaded and stored in the IQ Pro setting tool—at a communication speed between actuator and setting tool that is ten times faster than before. Radically enhanced communication capacity is also one of the features of the Pakscan P3, Rotork’s fourth generation two-
Master station host communications have been enhanced to include two serial ports, two Ethernet host ports and an additional Ethernet configuration port. Using Ethernet, up to ten hosts can be simultaneously communicating with the master station.” Modbus TCP protocol has been added to facilitate Ethernet communications, whilst the web browser provides access to all data from the master station and the field control units at near-instantaneous speeds using standard web pages. This data includes field diagnostics, enabling
analysed on a PC running Rotork IQ-Insight software to quickly evaluate operational issues and valve performance. Thus, effective asset management programmes can be implemented, and unexpected plant interruptions can be minimised.
Improved communications
A schematic of a Rotork Pakscan control network on the refinery’s export facilities.
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- technology management for decision-makers
the maintenance team to identify any fault at the office desk, rather than in the field, whilst automatic e-mail generation for alarm conditions can also be configured to give the maintenance department immediate warning of master station problems. He adds, “Logging of host messages, including the originating command source together with time and date information and the master station replies, enables full traceability of events, which is available from the web browser or the HMI on the master station itself. All these functions are protected by a high level of security, enabling access to the system to be restricted by both the host port and the IP source address.” The new Pakscan P3 master station has introduced a graphical colour display with icons to represent the menus and settings, which on some screens are supplemented by text messages that are constantly updated. Navigation is by a simple set of push buttons. The Pakscan P3 master station retains all the features of the 2E version, and is fully compatible with previous installations. The P3 adds acyclic data capabilities, enabling field control units to be parameterised via the master station, and an improved loop communications protocol, whereby multiple commands to the same device are only sent once, reducing bus traffic and increasing system response. The Reliance contract is one of the most significant single orders for the new Pakscan P3 control system, which is proving to be a popular and reliable Rotork product, particularly in the oil, gas and petrochemical industries. An increasing proportion of electric and fluid power actuators are now specified with Pakscan P3 systems.
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materials & processes
Meeting Technical Challenges Mamer, Luxembourg-based sophisticated hard material solutions provider, CERATIZIT solved the problems that packaging machine manufacturer Multivac encountered while switching over from aluminium to stainless steel metal for their machine bases. Here is a report on the basis of selecting the solution partner, designing the solution and benefits after implementation of the solution.
Multivac machines’ levelling feet consist of stainless steel (material 1.4301). In this application the greatest challenge is the reduction of vibration.
S
outh Germanybased Multivac Sepp Haggenmüller GmbH & Co. KG offers valueadded packaging solutions. In Multivac vacuum packaging machines, complex welding parts made of stainless steel are applied. These can only be machined with sophisticated cutting strategies and high-tech tools.
Classic deep drawing packaging machines form part of Multivac’s range just like tray sealers and chamber machines for the sealing of plastic film. “Quality is our trademark” is one of Multivac’s corporate principles. Amongst other things, this has led to the fact that aluminium is being increasingly replaced by stainless steel. A special challenge is represented by the machining of contact faces and mounting faces on the machines’ base frames—which consist of complex constructions in welded stainless steel. In addition to fulfilling typical requirements for milling components, such as surface quality, flat and burr-free faces, reduced vibration was a main issue. An example is the milling of the supporting surface of the levelling feet of packaging machines. Multivac machines several thousand
Supporting surfaces of the levelling feet of packaging machines have been stacked. Multivac company machines several thousands of such stainless steel parts.
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february 2011 | industry 2.0
- technology management for decision-makers
Stefan Bailom, Technical Sales Manager and Product Manager at CERATIZIT, analyzed the situation in the Multivac production department. His argumentation aimed at time saving and the elimination of the coolant. of such stainless steel parts per year. In this application, too, the greatest challenge was the reduction of vibration. In the past, two different tools were even necessary for the machining operations. One of them was a classic HSS tool with an unsatisfactory result. The vibrations caused chatter marks on the component, and the machining time was too long, so neither productivity nor the cost situation were satisfactory. With their customized tooling solutions CERATIZIT specializes in such problematic applications. Stefan Bailom, technical sales manager at CERATIZIT, analyzed the situation in the Multivac production department. His argumentation aimed at time saving and the elimination of the coolant. Erich Wechselberger
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from the Multivac tool management recollects, “We particularly appreciated that CERATIZIT did not simply want to sell tools but was able to offer us a real solution to our problem.” Today Multivac applies only one tool instead of two. This tool is characterized by extremely low cutting forces, a highly positive geometry and an insert with eight usable cutting edges. The combination of these properties permits vibration-free machining of the supporting surfaces made of stainless steel with a feed rate that is even higher than before. This of course means four to four and a half minutes of time saving per milled surface. The cutting speed for this delicate application is 130m/min, the depth of cut 1.5 mm and the feed rate per tooth 0.23 mm. No coolant is used, which means additional cost saving. While explaining the basis of selection of a solution partner, Wechselberger said, “The longstanding business relationship, the customer liaison and support by a competent sales representative and of course the performance capacity of the tool.” “The basis, of course, were the
Erich Wechselberger from the Multivac tool management says, “With this type of base frame for packaging machines the milling tool from CERATIZIT is mounted on a HSK100-A tool adapter. Not only our classic stainless material 1.4301 but also other alloys can now be milled without problems.” cutting tests on the component. The first tests already showed that the technical characteristics of this tool particularly fitted our problem. The test series then confirmed that in addition to the technical criteria, the cost objectives were also perfectly met,” he added. Talking on the application of the new tool, Wechselberger
The CERATIZIT insert tool type MaxiMill is characterized by extremely low cutting forces, a highly positive geometry and an insert with eight usable cutting edges.
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said, “The milling tool is mounted on a HSK100-A (a tool adapter) and is applied on machining centres, mainly for welding constructions, which form part of machine bases. Not only our classic stainless material 1.4301 but also other alloys can now be milled without problems.” Admitting the solution partner’s contribution, he added, “In addition to the fulfilment of the criteria regarding the work piece, above all the price-performance ratio was very convincing. The in-depth technical consultancy ensures us further that CERATIZIT is the right partner for these difficult machining tasks.”
industry 2.0
With MaxiMill from CERATIZIT chatter marks are things of the past when machining levelling feet in stainless steel.
- technology management for decision-makers | february 2011
33
facilities & operations
“We are delivering practical solutions” Over 10 million professionals in 185 countries are using Autodesk products to save time and money, gain competitive advantage and change the way ideas are brought to life. In a têteà-tête, Rajiv Bajaj, Head of Manufacturing, Autodesk, India & SAARC, communicates his company’s view on Product Lifecycle Management (PLM), to P. K. Chatterjee. Excerpts...
Rajiv Bajaj Head of Manufacturing Autodesk India & SAARC
How are you addressing the latest trends in discrete manufacturing in India? We think about our manufacturing customers’ needs in a broad context. It is not just about PLM, it is about the processes and tools used for the design, manufacture and marketing of products. More companies place their trust in our software for product development than any other provider, and IT- enabled manufacturing technologies hold the key to lead a transformation that can drive efficiency, high productivity, competitiveness and sustainability. Where is PLM headed at this moment? As I mentioned earlier, Autodesk
34
february 2011 | industry 2.0
believes—tools in our industry should focus on all elements involved in the design, manufacture and marketing of products and independent research supports. Our leadership in the manufacturing industry, as a whole, is well illustrated by a recent market research from CIMData, a leading independent worldwide firm that provides strategic consulting to maximize an enterprise’s ability to design and deliver innovative products and services through the application of PLM solutions. According to the CIM Data, Autodesk was no. 3 in PLM market revenues in 2009 and no. 1 in design-focused MCAD market share. This data reinforces Autodesk’s mission of democratizing Digital Prototyping as the mainstream approach to product development. Our position is also a result of the breadth of tools that we have made available. In addition to design and engineering tools focused on product development, Autodesk boasts some of the most widely used tools for digital design documentation, electrical and mechanical design, manufacturing and production layout, facilities design and process plant design. When combined, these capabilities are able to help drive tremendous improvements, not just to the design process, where our industry has so far traditionally focused, but way beyond.
- technology management for decision-makers
This mirrors a trend the industry is experiencing. To date, our industry has traditionally been based on some relatively limited aspects of discrete product development. However, in order to address our customers’ needs across the board, Autodesk has taken a broader view. This broader view encompasses manufacturers’ efforts more completely, from initial design through to manufacturing and marketing—no matter the market segment the company is focused on. It is this view that drives the sales of Autodesk tools today. With this broader, more practical vision, Autodesk tools for manufacturing are the fastest growing in our industry at a rate of more than 30 per cent year on year, and are leading the way in delivering practical solutions to our manufacturing customers, including those in India. Where do you find Autodesk in the PLM adoption map in India? India is an increasingly important player in worldwide manufacturing. In fact, UN Industrial Development Organization ranks India as one of the world’s top ten countries in industrial production. According to them, India now surpasses Canada, Brazil and Mexico. Also, the growth that elevated India to 10th place is accelerating. Index of Industrial Production shows nearly 20 per cent growth in the Indian manufacturing sector from April 09 to April 10. This growth is not coming with any sacrifice on quality. The country has the largest number of companies, outside of Japan, that have been recognized for excellence in quality. Clearly, India is excelling in manufacturing, and now it has an opportunity to enhance its manufacturing productivity. That is where Autodesk and Digital Prototyping come into play.
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supply chain metrics
methodology
In Pursuit Of
Effective SCM
Managing procurement smartly and ensuring that products are distributed efficiently are becoming vital ingredients for success. In the face of rising commodity prices, growing transportation costs and rapidly changing customer demands, companies that have mastered the intricacies of supply chain management are the winners. Logistics 2.0 presents its annual study of supply chain management (SCM) metrics for India’s manufacturing and distribution companies.
O
ur annual study of supply chain management (SCM) metrics for India’s top manufacturing companies examines how effectively companies are managing the procurement and distribution of goods. Since SCM is usually a complex process involving a number of variables, our study is based on published financial data that provides an overall view of the efficiency of supply chain operations within an organization. SCM metrics that involve customer-
linked measures like “order fulfilment time”, “percentage on-time delivery”, etc. , are not covered in this analysis.
The selection process
We used the Centre for Monitoring of Indian Economy (CMIE)–Prowess database to source data for this study. This regularly updated database is a comprehensive, authentic source of financial information on the Indian industry. 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. Only manufacturing companies—spanning a wide variety of sectors—were selected from the CMIEProwess database for analysis. For a company to be a part this year’s ranking, it was necessary that complete data for financial years 2008 and 2009 be available in the CMIEProwess database. Additional filtering was performed to eliminate companies for which the database had missing or error values (for selected parameters). The analysis was done on two sample sets. One for large companies, and another for SMB manufacturers. The principal reason for distinguishing between SMBs and large manufacturing companies was to eliminate the size bias that would influence the ranking of SMBs. Companies were classified on the basis of net sales figures—1,621 companies were classified as SMEs (sales between Rs 10 to Rs 300 crores), and 706 as large companies (sales greater than Rs 300 crores). In each set, the identified companies were segregated by industry sector (27 industry sectors for SMEs and 26 for large companies). Sectors with less than 10 representative
Calculating The Composite Score Category Inventory
Cash-to-cash Cycle Time Financial Health Indicators
36
february 2011 | industry 2.0
Parameter Finished Goods Holding Period Work in progress holding period Raw Material Holding Period Creditors Days Available Debtors Days Available Cost of Goods Sold (as % of sales) Fixed Assets Turnover Ratio (FATR) PBIDTA (as % of Sales)
- technology management for decision-makers
Ranking Logic Lower value is better Lower value is better Lower value is better Lower value is better Higher value is better Lower value is better Higher value is better Higher value is better
Rank Weight 50% 50% 50% 30% 30% 20% 20% 20%
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supply chain metrics Supply Chain Metrics—Large Manufacturing Companies Sno 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
Industry Sector Auto Ancillaries Automobiles Cement Chemicals Coal & Lignite Cosmetics & Cleaning Diversified Manufacturing Drugs and Pharma Dry Cells & Storage Batteries Electronics Ferrous metals Food & Beverages Generators & Power equipment Glass & Ceramics Leather & Leather Products Metal Products Minerals Non-Electrical Machinery Non-Ferrous Metals Paper, Book & Cards Petroleum Products Polymers & Plastic Products Steel, Tubes & Pipes Textiles Tyres, Tubes & Rubber Products Wires & Cables Total
Large 53 37 25 73 06 13 19 57 05 35 56 65 15 18 05 13 05 28 11 17 11 22 16 76 10 15 706
Supply Chain Metrics—SME Manufacturing Companies Sno 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27
38
Industry Sector Auto Ancillaries Automobiles Cement Chemicals Cosmetics & Cleaning Diversified Manufacturing Drugs and Pharma Dry Cells & Storage Batteries Electronics Ferrous metals Food & Beverages Gems & Jewellery Generators & Power equipment Glass & Ceramics Leather & Leather products Machine Tools Metal Products Minerals Non-Electrical Machinery Non-Ferrous Metals Paper, Book & Cards Petroleum Products Polymers & Plastic Products Steel, Tubes & Pipes Textiles Tyres, Tubes & Rubber Products Wires & Cables Total
february 2011 | industry 2.0
- technology management for decision-makers
Small 134 22 16 142 20 07 113 07 77 86 147 07 53 34 13 18 44 11 67 35 93 05 105 13 298 30 24 1621
methodology companies were eliminated. Finally, we ranked 2100+ companies.
Parameters and ranking process
Comparing firms across sectors would have led to misleading results, because within each sector the need for the working capital funds is contingent on the nature of operations. Industries with lengthy production cycles will require larger working capital compared to sectors with shorter production cycles. Consequently, for our analysis and ranking we grouped the companies into different sectors to ensure appropriate peer comparison. Three categories of data, comprising eight parameters, were selected to represent the characteristics of the internal supply chain of manufacturing companies. These are: Inventory (parameters include Raw material holding period, work in progress holding period, and finished goods holding period); Cash-to-cash cycle time (creditor days available, debtor days available); Financial health indicators (cost of goods as a percentage of sales, fixed asset turnover ratio, PBITDA as percentage of sales). While the inventory-related parameters are the most important for evaluating the supply chain efficiency of any manufacturing organization, other parameters like creditors and debtors days available shed light on the ability of organizations to manage liquidity positions. In the current economic slowdown, where the cash has become king again, managing both debtors and creditors is vital for operational efficiency. We also have included certain financial parameters that indicate the overall health of manufacturing companies. The composite score for every company was generated through the following process: First, the selected companies were segregated into large and SME categories. In both categories, every company was assigned to an industry sector (based on the primary nature of industrial activity carried out by the organization). Companies in every sector were ranked relative to other companies within the sector on each of the eight parameters. The ranks obtained by each company on each of the eight parameters were individually weighted to generate individual composite scores. (The weights assigned to the parameters are shown in the table Calculating The Composite Score). Finally, the composite scores were arranged in ascending order (within each category), to produce the final company rankings.
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supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore) 2008
2009
Fixed Asset Turnover Ratio (FATR) 2009
Auto AncillAries 1
Hanil Lear India Pvt. Ltd.
Automobile ancillaries
477.65
536.15
401.24
426.11
79.48%
63.57
52.96
1.50%
2
S L Lumax Ltd.
Auto head lights
312.53
428.81
237.82
340.53
79.41%
176.25
209.05
0.38%
3
Sandhar Technologies Ltd.
Automobile locks
386.89
435.26
291.36
340.96
78.33%
141.13
168.59
0.46%
4
Munjal Showa Ltd.
Shock absorbers
719.84
843.27
585.06
685.51
81.29%
176.8
240.34
0.34%
5
Wabco-T V S (India) Ltd.
Air brakes
546.44
445.37
352.81
298.65
67.06%
174.07
195.29
0.34%
6
Sungwoo Gestamp Hitech (Chennai) Ltd.
Automobile ancillaries
471.99
504.15
353.05
384.61
76.29%
129.12
144.03
0.53%
7
F C C Rico Ltd.
Automobile ancillaries
316.09
359.77
237.57
291.6
81.05%
25.68
47.22
1.72%
8
Minda Industries Ltd.
Automobile equipment
404.3
455.31
323.02
348.22
76.48%
160.02
175.17
0.44%
9
Jay Bharat Maruti Ltd.
Other Automobile ancillaries
657.39
692.08
572.05
601.44
86.90%
156.02
191.82
0.45%
10
Amtek Siccardi (India) Ltd.
Automobile ancillaries
267.33
320.47
197.98
235.94
73.62%
118.17
130.63
0.56% 0.25%
11
Omax Autos Ltd.
Other Automobile ancillaries
725.63
824.76
579.96
676.81
82.06%
317.7
333.91
12
Automobile Corpn. Of Goa Ltd.
Other Automobile ancillaries
336.13
329.22
242.75
237.3
72.08%
35.57
46.04
1.57%
13
Sona Koyo Steering Systems Ltd.
Drive transmission & steering parts
690.16
696.32
551.94
615.86
88.44%
290
327.11
0.27%
14
Sundaram Auto Components Ltd.
Brake hoses
138.99
479.96
109.56
452.48
94.27%
73.91
69.31
1.36%
15
Sunbeam Auto Ltd.
Auto castings
783.7
786.04
615.22
628.88
80.01%
100.51
91.76
0.87% 0.61%
16
Krishna Maruti Ltd.
Auto seating systems
525.11
637.85
460.63
569.68
89.31%
69.59
145.6
17
Rico Auto Inds. Ltd.
Automobile ancillaries
719.01
751.25
555.22
577.42
76.86%
468.21
485.71
0.16%
18
Amtek India Ltd.
Automobile ancillaries
771.72
975.85
534.03
742.18
76.05%
745.37
1415.64
0.05% 0.45%
19
Automotive Axles Ltd.
Axle shafts
617.32
751.01
460.85
571.66
76.12%
151.55
168.67
20
Mando India Ltd.
Brake assembly
250.21
419.33
187.9
357.08
85.15%
159.4
167.77
0.51%
21
Sharda Motor Inds. Ltd.
Automobile ancillaries
368.54
346.45
286.6
284.79
82.20%
113.73
125.34
0.66%
22
Automotive Stampings & Assemblies Ltd.
Auto sheet metals parts
301.25
345.88
244.33
300.35
86.84%
108.75
110.5
0.79%
23
Bosch Chassis Systems India Ltd.
Suspension & braking parts
544.78
609.29
383.71
412.63
67.72%
133.44
186.55
0.36%
24
Lucas-TVS Ltd.
Electrical automobile parts
965.53
855.21
744.98
664.84
77.74%
252.26
280.56
0.28%
25
Rane (Madras) Ltd.
Steering gears
349.57
352.98
235.56
252.74
71.60%
66.42
71.78
1.00%
26
Ucal Fuel Systems Ltd.
Carburettors
306.01
302.72
194.16
185.88
61.40%
136.47
139.2
0.44%
27
Spicer India Ltd.
Axle shafts
638.83
535.28
432.48
388.13
72.51%
98.47
110.51
0.66%
28
Hema Engineering Inds. Ltd.
Automobile ancillaries
263.69
311.73
188.01
222.69
71.44%
72.04
131.61
0.54% 0.40%
29
Gabriel India Ltd.
Shock absorbers
475.42
529.83
352.46
406.15
76.66%
159.27
189.62
30
Amtek Auto Ltd.
Automobile ancillaries
1191.32
1381.18
747.04
972.01
70.38%
1761.76
2624.86
0.03%
31
Subros Ltd.
Automobile ancillaries
662.83
694.76
509.57
566.21
81.50%
208.66
256.93
0.32%
32
Dynamatic Technologies Ltd.
Hydraulic pumps
281.64
300.09
200.44
212.58
70.84%
161.85
230.36
0.31%
33
Sundaram-Clayton Ltd.
Suspension & braking parts
458.77
526.87
315.71
355.51
67.48%
240.23
304.31
0.22%
34
G K N Driveline (India) Ltd.
Drive transmission & steering parts
336.05
425.24
190.71
268.18
63.07%
182.84
194.12
0.32%
35
Hinduja Foundries Ltd.
Automobile ancillaries
451.44
363.53
306.77
256.97
70.69%
318.09
557.18
0.13%
36
Sundram Fasteners Ltd.
Automobile ancillaries
1216.35
1259.46
683.96
740.64
58.81%
519.43
567.96
0.10%
1574.97
2294.85
1260.62
1612.14
70.25%
1300.26
2203.07
0.03%
4505.05
4938.66
2699.24
2943.21
59.60%
645.38
775.72
0.08%
37
Suzuki Powertrain India Ltd.
Automobile ancillaries
38
Bosch Ltd.
Automobile engine parts
39
Steel Strips Wheels Ltd.
Wheels for automobiles
261.49
317.98
179.97
231.47
72.79%
313.04
359.95
0.20%
40
Wheels India Ltd.
Wheels for automobiles
1143.73
1138.14
936.92
927.54
81.50%
352.59
406.98
0.20%
41
Motherson Sumi Systems Ltd.
Wiring harness & parts
1328.08
1323
902.31
895.07
67.65%
449.28
614.57
0.11%
42
Shriram Pistons & Rings Ltd.
Pistons
555.05
608.87
262.62
272.68
44.78%
368.58
416.72
0.11% 0.50%
43
Jamna Auto Inds. Ltd.
Leaf springs (Automotive)
469.68
459.83
317.73
349.6
76.03%
132.61
152.53
44
Delphi-T V S Diesel Systems Ltd.
Fuel injection equipment
467.69
484.53
295.16
321.23
66.30%
289.75
520.36
0.13%
45
Pricol Ltd.
Automobile equipment
636.82
650.66
540.49
509.23
78.26%
262.23
251.07
0.31%
46
Halonix Ltd.
Auto head lights
359.86
384.58
248.41
286.32
74.45%
113.3
122.6
0.61%
47
Denso India Ltd.
Electrical automobile parts
474.43
538.85
375.17
474.13
87.99%
55.96
74.05
1.19%
48
Bharat Forge Ltd.
Automobile ancillaries
2306.95
2097.41
1281.65
1283.49
61.19%
1745.01
2084.16
0.03%
49
Lumax Industries Ltd.
Auto head lights
533.24
535.51
447.78
429.76
80.25%
182.44
264.49
0.30%
50
K L T Automotive & Tubular Products Ltd.
Automobile engine parts
295.94
300.5
198.73
226.64
75.42%
254.52
283.97
0.27%
51
Federal-Mogul Goetze (India) Ltd.
Piston rings
627.52
708.25
372.51
375.54
53.02%
380.69
401.09
0.13%
52
Avtec Limited
Automobile ancillaries
478.75
395.99
349.99
310.95
78.52%
294.47
338.95
0.23%
53
Axles India Ltd.
Axle shafts
358.44
317.76
301.13
279.7
88.02%
83.24
91.98
0.96%
AutoMoBiles 1
Avon Cycles Ltd.
Bicycles
328.28
418.67
244.82
292.16
69.78%
53.6
66.8
1.04%
2
Hero Honda Motors Ltd.
Motorcycles
11011.68
13103.93
8260.25
9815.35
74.90%
1564.75
1694.25
0.04%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
40
february 2011 | industry 2.0
- technology management for decision-makers
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large manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
11.70%
43.81
40.05
78.47
51.82
33.71
24.56
1.76
1.97
0.48
0.48
39.1
11.35%
46.05
47.48
65.19
41.25
32.01
25.63
3.33
2.24
2.72
1.94
45.4
39.29
38.65
8.88%
52.34
55.58
54.21
65.4
23.06
23.04
3.85
3.03
1.66
1.47
46.8
48.43
54.95
6.52%
33.79
32.6
45.47
47.55
12.89
10.54
3.14
3.13
0.87
0.88
50.3
116.59
73.73
16.55%
22.1
54.58
67.96
45.01
12.83
40.22
0.6
1.51
2.3
6.62
50.8
65.67
55.87
11.08%
NA
26.31
28.94
38.09
NA
27.75
NA
6.51
NA
1.04
51.1
55.2
31.39
8.73%
35.42
35.16
41.51
44.91
25.1
25.66
3.04
1.9
8.66
6.21
53
42.53
58.93
12.94%
42.24
42.86
57.42
60.79
22.19
18.55
5.42
6.85
1.97
1.78
53.3
49.03
56.43
8.15%
18.25
18.16
33.67
58.01
8.49
9.89
2.69
3.84
0.57
0.54
55.1
57.3
89.23
27.84%
68.77
78.73
72.12
83.85
7.25
8.84
101.39
102.94
1.61
1.51
55.4
67.08
71.16
8.63%
34.26
35.43
34.2
44.86
10.23
9.74
3.18
3.62
4.98
3.99
56.3
31.52
28.58
8.68%
50.35
39.65
62.52
62.2
15.75
15.35
16.3
14.66
1.47
1.23
56.4
67.96
8.95
1.29%
33.43
34.02
51.8
63.75
15.87
13.82
2.59
2.31
0.59
0.41
56.4
7.57
12.52
2.61%
34.95
24.68
67.75
49.4
25.07
5.18
10.54
2.46
9.18
6.21
57.7
48.06
41.03
5.22%
39.42
39.53
49.18
47.1
20.22
23.92
10.06
11.13
1.21
1.07
59.3 59.5
41.42
8.1
1.27%
23.73
23.52
66.25
63.05
5.35
7.45
0.22
0.37
3.61
4.74
102.1
100.83
13.42%
51.5
54.63
46.05
51.99
33.01
35.01
15.73
16.82
0.12
0.17
59.7
224.55
507.67
52.02%
47.13
50.9
79.74
87.68
16.84
16.57
58.38
57.01
0.14
0.13
64.6
106.5
112.73
15.01%
33.44
33.45
57.85
41.8
38.86
39.82
14.11
10.67
1.27
2.59
65
31.97
-14.47
-3.45%
48.15
48.44
127.93
105.34
42.45
34.89
5.24
3.07
0
0.58
65.7
47.05
30.8
8.89%
34.65
34.99
60.41
84.86
20.7
22.38
5.55
7.21
2.77
3.02
66.1
20.68
18.79
5.43%
25.75
23.09
60.23
57.22
42.71
29.87
4.34
3.19
4.18
3.52
68.2
82.85
121.68
19.97%
55.57
50.93
71.89
100.33
30.61
36.36
6.91
6.11
4.43
7.02
68.5
106.4
61.15
7.15%
46.42
54.06
51.76
44.4
30.81
36.92
7.06
8.63
8.17
8.92
72.4
6.31
18.06
5.12%
46.01
46.06
53.64
50.66
30.3
34.36
9.85
9.37
19.73
18.87
73
41.7
45.47
15.02%
48.92
52.16
93.75
95.98
31.47
38.95
8
11.08
7.46
6.91
73.6
72.56
34.02
6.36%
48.12
52.28
93.74
77.87
20.67
28.63
13.66
14.38
4.72
6.5
73.6
16.86
22.34
7.17%
62.28
61.62
88.55
98.25
37.15
40.95
19.45
25.53
1.61
1.21
75
29.48
33.53
6.33%
45.2
49.41
51.04
71.1
28.25
35.32
10.33
11.07
4.36
5.26
76.5
410.62
471.71
34.15%
44.31
59.06
80.12
86.58
17.65
22.97
54.64
47.59
0.3
8.23
78.2
87.88
68.01
9.79%
12.6
18.81
29.65
51.21
59.56
50.54
6.42
5.88
4.69
2.96
79.2
52.56
44.94
14.98%
54.75
74.88
89.35
85.49
27.5
37.76
10.84
16.98
7.04
9.78
79.4
75.58
66.38
12.60%
79.51
56.31
41.2
27.59
57.98
55.16
10.73
9.54
46.01
43.42
79.5
59.99
62.42
14.68%
21.17
21.75
75.7
65.17
56.79
46.92
16.02
11.76
4.08
3.85
80.6
52.31
30.54
8.40%
60.18
76.62
53.56
60.89
36.08
55.15
35.32
67.35
1.35
1.12
80.9
167.24
104.48
8.30%
68.57
65.83
43.51
30.18
34.05
42.58
26.75
26.21
18.45
19.51
81.6
260.38
305.11
13.30%
15.61
24.33
82.64
95.46
19.51
27
1.96
3.42
20.56
19.67
82.1
983.46
1079.69
21.86%
42.29
46
71.21
61.16
42.84
38.03
13.78
13.8
19.09
19.71
82.3 82.4
48.62
46.63
14.66%
38.24
43.08
102.74
65.34
62.53
58.81
6.74
6.75
5.58
6.33
112.28
90.42
7.94%
40.72
44.58
68.62
57.1
41.08
46.33
15.4
14.89
1.17
1.57
84
196.8
154
11.64%
44.73
47.27
57.84
82.62
37.62
48.36
11.61
11.97
6.55
5.98
84.5
122.33
112.49
18.48%
62.24
59.96
58.43
62.14
34.95
40.85
24.76
27.16
19.47
20.74
85.1
61.6
33.75
7.34%
40.16
50.08
86.9
92.28
19.67
24.6
23.27
30.25
4.99
8.02
85.5
69.63
38.84
8.02%
37.04
43.57
63.53
53.97
55.29
59.06
8.69
9.14
13.88
10
87.6
81.46
36.21
5.57%
68.34
76.55
42.45
32.15
80.58
86.27
12.11
13.94
10.14
13.45
87.8
69.91
31.49
8.19%
77.17
81.15
42.15
39.2
57.61
68.19
15.26
29.26
27.51
34.87
89.9
55.02
41.51
7.70%
25.82
32.48
53.37
64.93
37.8
48.71
3.73
3.81
11.69
18.02
90.4
610.73
372.15
17.74%
47.14
53.17
122.78
77.2
49.86
52.09
25.31
29.1
12.14
16.1
94.9
41.55
28.58
5.34%
42.64
40.62
81.85
105.16
30.42
31.17
9.71
18.77
13.22
12.78
99.8
62.05
49.83
16.58%
63.08
78.87
82.05
162.89
66.06
82.61
15.62
21.42
38.16
46.04
102.9
69.3
70.48
9.95%
41.78
42.57
109.29
100.61
49.71
44.03
31.25
28.46
29.59
22.22
104.4
73.07
50.83
12.84%
66.79
87.19
74.49
106.37
54.81
69.25
22.07
27.13
11.34
23.05
106.1
26.09
5.42
1.71%
13.81
16.22
63.54
85.4
38.86
45.71
44.94
57.44
3.43
5.14
106.8
29.19
44.56
10.64%
87.68
65.04
84.57
52.47
3.01
2.16
1.29
1.13
13.4
12.66
23.8
1578.03
1967.28
15.01%
9.36
5.95
43.32
44.88
10.47
9.69
0.76
0.73
1.62
1.5
28.8
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
AuTo
62.74 48.66
AncIllArIes
42.52 52.86
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
41
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
3
T R F Ltd.
Material handling equipment
4
Rockman Industries Ltd.
Bicycles
5
J C B India Ltd.
Earth moving machinery
6
Bajaj Auto Ltd.
7
Hero Cycles Ltd.
8
Net Sales (Rs Crore)
Cost of Goods Sold (Rs Crore)
2008
2009
364.74
523.72
2008 220.91
2009 309.03
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore) 2008
2009
59.01%
12.33
21.64
Fixed Asset Turnover Ratio (FATR) 2009 2.73%
219.42
387.79
163.98
307.61
79.32%
149.03
252.86
0.31%
3186.27
2043.12
2265.81
1400.75
68.56%
241.47
324.43
0.21%
Motorcycles
9014.78
9106.38
7096.68
6759.3
74.23%
1386.43
1648.77
0.05%
Bicycles
1340.97
1529.35
1132.53
1216.68
79.56%
186.87
171.56
0.46%
Maruti Suzuki India Ltd.
Passenger cars
18490.7
21250.8
14646.9
16109.1
75.80%
4032.8
4932.1
0.02%
9
T A F E Motors & Tractors Ltd.
Tractors
935.08
1001.22
702.79
766.49
76.56%
269.98
244.07
0.31%
10
Goa Shipyard Ltd.
Ships, boats
107.54
552.66
214.47
342.35
61.95%
86.96
123.04
0.50%
2139.18
2426.16
1675.66
1865.51
76.89%
245.4
249.89
0.31%
411.35
446.02
324.51
387.74
86.93%
67.25
69.17
1.26%
485.85
715.65
347.03
543.01
75.88%
42.42
81.18
0.93%
11
Tractors & Farm Equipment Ltd.
Tractors
12
Action Construction Equipment Ltd.
Mobile cranes
13
Tecpro Systems Ltd.
Material handling equipment
14
Atlas Cycles (Haryana) Ltd.
Bicycles
15
Honda Siel Cars India Ltd.
Passenger cars
579.01
634.84
470.9
512.54
80.74%
77.17
79.53
1.02%
3957.55
3541.41
3640.35
2575.96
72.74%
892.96
1574.47
0.05% 0.02%
16
Mahindra & Mahindra Ltd.
Utility Vehicles incl. jeeps
11587.19
13390.09
8574.32
9630.91
71.93%
2360.9
3214.33
17
Escorts Ltd.
Tractors
2098.68
2040.35
1666.18
1689.46
82.80%
867.12
836.95
0.10%
18
New Holland Fiat (India) Pvt. Ltd.
Passenger cars
1306.52
1145.04
1120.65
892.17
77.92%
890.42
825.24
0.09%
19
Escorts Construction Equipment Ltd.
Mobile cranes
540.12
464.76
433.48
393.53
84.67%
57.2
95.05
0.89%
20
T V S Motor Co. Ltd.
Two wheelers
3244.41
3682.2
2682.56
2879.66
78.20%
1043.05
1036.37
0.08%
2233.25
717.08
1807.07
530.98
74.05%
324.28
63.82
1.16%
467.78
455.58
414.36
342.3
75.13%
110.69
296.97
0.25%
21
Eicher Motors Ltd.
Motorcycles
22
Mahindra Navistar Automotives Ltd.
Light commercial vehicles
23
Elecon Engineering Co. Ltd.
Material handling equipment
24
Hyundai Motor India Ltd.
Passenger cars
25
Titagarh Wagons Ltd.
Railway wagons, coaches
26
Tata Motors Ltd.
Heavy commercial vehicles
27
Force Motors Ltd.
28
829.03
961.23
564.45
645.15
67.12%
193.08
311.02
0.22%
10999.28
16818.85
9085.21
14556.49
86.55%
4681.66
4888.47
0.02%
565.04
704.27
484.18
521.45
74.04%
44.14
79.6
0.93%
29312.99
27016.56
21653.57
19727.92
73.02%
10452.27
14599.31
0.01%
Light commercial vehicles
927.77
1078.77
809.27
660.51
61.23%
339.07
342.06
0.18%
Hindustan Motors Ltd.
Passenger cars
665.45
599.34
564.75
527.79
88.06%
170.14
159.56
0.55%
29
Hindustan Shipyard Ltd.
Ships, boats
407.01
388.27
279.59
326.11
83.99%
60.52
69.06
1.22%
30
Asia Motor Works Ltd.
Heavy commercial vehicles
539.68
706.33
531.07
496.56
70.30%
501.06
1197.51
0.06%
3053.54
2729.1
2404.07
2427.29
88.94%
1319.68
1624.3
0.05%
670.35
544.82
596.77
507.23
93.10%
99.67
127.86
0.73%
2586.69
2847.99
1912.12
2236.63
78.53%
234.83
279.1
0.28%
31
General Motors India Pvt. Ltd.
Passenger cars
32
Swaraj Mazda Ltd.
Light commercial vehicles
33
B E M L Ltd.
Earth moving machinery
34
Cochin Shipyard Ltd.
Ships, boats
927.92
1342.96
349.78
529.4
39.42%
109.61
166.22
0.24%
35
Ashok Leyland Ltd.
Heavy commercial vehicles
8054.43
6247.08
6534.45
5029.63
80.51%
2186.62
4442.32
0.02%
36
Telco Construction Equipment Co. Ltd.
Scrappers, shovels & excavators
2423.29
1941.34
1773.49
1685.51
86.82%
319.31
527.4
0.16%
37
Hindustan Aeronautics Ltd.
Aircrafts
10292.6
12103.65
6865.08
10034.83
82.91%
4471.72
4675.42
0.02%
ceMent 1
My Home Inds. Ltd.
Ordinary portland cement
780.82
1006.08
261.27
327.86
32.59%
548.48
716.71
0.05%
2
Penna Cement Inds. Ltd.
Cement
868.57
1204.04
303.45
467.35
38.82%
760.39
1046.02
0.04%
3
J K Lakshmi Cement Ltd.
Cement
1138.17
1252.64
372.3
481.74
38.46%
911.96
1110.13
0.03%
4
Shree Cement Ltd.
Cement
2149.95
2762.97
597.8
907.61
32.85%
777.91
1105.73
0.03%
5
Rain Commodities Ltd.
Cement
408.99
1005.19
158
558.75
55.59%
437.37
524.72
0.11%
6
Mangalam Cement Ltd.
Ordinary portland cement
536.45
612.09
236.03
282.62
46.17%
257.87
281.32
0.16%
7
N C L Industries Ltd.
Cement
194.21
305.85
83.07
132.6
43.35%
232.27
392.52
0.11%
8
Saurashtra Cement Ltd.
Ordinary portland cement
417.65
724.05
210.51
430.31
59.43%
309.24
379.11
0.16%
9
Madras Cements Ltd.
Cement
2012.95
2538.29
765.86
1109.51
43.71%
2482.63
3635.06
0.01%
10
J K Cement Ltd.
Pozzolana portland cement
1473.23
1504.88
514.53
602.82
40.06%
1222.97
1250.79
0.03%
11
Andhra Cements Ltd.
Cement
442.25
368.44
210.8
181.42
49.24%
142.08
347.92
0.14%
12
Prism Cement Ltd.
Cement
757.86
646.8
251.15
247.69
38.29%
365.13
501.86
0.08% 0.04%
13
O C L India Ltd.
Cement
765.2
1109.64
330.54
534.18
48.14%
930.72
1217.77
14
Heidelberg Cement India Ltd.
Cement
578.91
759.42
304.17
399.43
52.60%
188.09
329.81
0.16%
15
K C P Ltd.
Cement
344.87
360.63
143.95
158.22
43.87%
126.53
131.47
0.33%
16
Shree Digvijay Cement Co. Ltd.
Cement
254.93
307.73
145.38
186.9
60.74%
97.4
110.67
0.55%
17
Century Textiles & Inds. Ltd.
Cement
3545.61
3961.4
1637.58
1945.34
49.11%
2341.42
2808.04
0.02%
18
India Cements Ltd.
Cement
3088.83
3401.28
1067.56
1365.3
40.14%
4039.36
4712.32
0.01%
19
Ultratech Cement Ltd.
Cement
5533.42
6404.15
2048.82
2678.77
41.83%
4783.61
5314.73
0.01%
20
Birla Corporation Ltd.
Cement
1729.9
1833.63
682.49
747.03
40.74%
649.91
801.91
0.05%
21
Ambuja Cements Ltd.
Cement
6240.58
6651.21
1804.95
2343.12
35.23%
3657.72
5141
0.01%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
42
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
114.93
21.94%
192.12
167.08
305.5
254.66
9.73
8.48
22.06
30.75
3.07
3.96
26.2
37.04
9.55%
49.99
43.39
71.44
69.06
10.01
7.88
7.05
3.39
0.56
0.95
32.5 33.2
601.06
293.2
14.35%
34.95
48.33
53.3
56.59
15.13
18.17
1.51
2.35
6.41
11.24
33.3
1248.4
1083.62
11.90%
NA
12.21
42.15
53.06
NA
6.77
NA
0.83
NA
9.22
34.6
111.62
147.03
9.61%
55.72
52.29
51.66
41.92
15.34
12.97
6.93
5.5
5.41
5.64
35.2
3046.2
2345.2
11.04%
12.53
12.7
39.8
50.64
12.42
13.62
1.03
1.09
7.14
5.84
36.2 38.5
110.96
118.83
11.87%
11.87
9.86
57.23
65.11
10.99
8.53
3.8
2.93
9.87
6
115.96
139.84
25.30%
335.85
34.26
1028.97
822.66
185.14
396.91
-6.11
0.69
6.13
0.21
41.2
261.93
273.65
11.28%
33.47
39.81
90.74
74.75
18.78
16.92
2.29
2.53
16.46
15.08
42.9
49.95
38.27
8.58%
38.85
41.77
51.9
48.07
25.02
23.82
2.69
7.47
5.15
9.18
46.3
71.31
95.84
13.39%
110.37
147.94
159.42
227.72
39.1
40.66
21.85
30.85
2.18
1.01
46.5
20.48
21.54
3.39%
93
84.33
92.28
104.24
39.94
36.74
3.58
2.58
12.19
13.47
47.2
502.19
-71.62
-2.02%
0.96
3.59
42.05
48.06
27.25
37
0.83
1.46
13.07
13.3
49.2
1446.35
1423.75
10.63%
25.11
26.79
68.41
91.72
18.21
17.64
2.06
2.75
16.82
15.14
49.5
98.94
134.99
6.62%
66.61
90.38
107.27
119.55
30.61
33.2
3.12
3.85
5.57
6.62
49.6
118.42
136.05
11.88%
39.01
86.47
80.9
88.31
19.86
51.16
0.75
1.17
11.15
18.05
49.7
32.13
15.08
3.24%
60.96
72.71
80.59
73.91
45.93
71.16
1.65
0.73
11.4
15.41
50
131.76
202.25
5.49%
10.14
12.57
49.55
51.55
28.61
25.02
3.15
2.77
17.99
13.8
51.9
130.02
27.25
3.80%
24
34.79
54.21
37.33
21.05
38.51
2.38
4.91
13.34
27.8
53.4
2.52
-14.19
-3.11%
49.06
50.73
85.77
90.57
23.17
21.47
2.71
3.49
23.39
22.59
54.4
138.36
158.52
16.49%
169.04
167.67
139.99
152.22
65.1
81.81
68.63
107.8
4.75
8.36
54.6
854.69
1222.01
7.27%
19.04
28.17
65.52
59.86
34.86
27.95
5.08
3.28
13.72
13.43
55.3
97.13
103.13
14.64%
31.67
28.74
79
58.83
57.03
57.85
5.7
5.99
18.68
24.86
57.7
3461.63
2576.67
9.54%
10.79
17.41
102.43
118.63
18.53
21.51
5.33
5.48
14.16
14.29
59.1
-7.44
265.27
24.59%
42.21
52.51
108.07
116.85
64.42
80.44
14.89
17.74
19.16
16.74
59.4
-26.27
-70.89
-11.83%
19.64
15.22
74.31
72.09
48.48
41.23
10.61
10.29
9.09
8.19
60.7
22
-91.69
-23.62%
151.11
138.77
615.35
531.21
127.79
201.39
143.82
178.09
0.79
0.8
62.7
23.42
54.33
7.69%
30.93
45.05
101.47
113.25
60.44
84.86
1.83
4.01
28.63
19.23
63.6
151.93
-188.42
-6.90%
16.88
25.04
116.62
114.26
30.31
46.76
0.65
0.77
13.96
22.25
64.5
52.03
31.33
5.75%
92.22
103.7
97.15
81.58
35.91
56.64
6.23
11.23
21.45
33.48
66.2 67.3
367
403.24
14.16%
161.08
189.12
140.92
143.82
109.77
142.88
43.05
67.66
16.69
22.22
134.51
262.88
19.57%
108.19
103.54
792.12
791.16
136.66
115.44
77.49
35.31
29.54
52.52
69.1
895.44
563.63
9.02%
17.96
35.69
81.77
103.71
28.77
45.03
6.51
7.89
24.54
35.57
71.9
517.55
195.4
10.07%
26.03
42.12
77.23
123.18
42.58
94.22
4.11
6.85
30.02
49
76.2
2733.62
2595.56
21.44%
59.26
58.99
1325.67
1040.45
313.46
248.5
160.18
151.5
37.96
39.09
81.9
20.4
395.97
39.36%
6.49
10.25
43.85
43.24
106.03
121.67
9.37
9.83
0.71
1.2
352.48
29.27%
12.39
9.83
55.77
62.38
77.08
92.28
2.61
3.15
2.97
2.95
22.1
383.12
341.27
27.24%
6.72
5.55
55.98
62.54
89.91
81.87
8.7
5
2.85
2.31
22.9
926.92
995.37
36.03%
5.67
6.36
64.6
58.47
135.96
110.86
13.96
5.57
3.09
2.61
24.7
137.85
180.78
17.98%
15.6
28.52
112.1
51.05
71.17
130.22
13.24
9.25
1.32
1.84
26.1
163.84
140.32
22.92%
2.55
2.91
40.23
39.51
81.24
76.84
16.95
12.97
3.56
2.44
27.5
69.62
74.56
24.38%
46.73
40.66
99.34
83.95
120.71
82.31
19.5
3.39
22.09
16.35
29.4
81.48
73.1
10.10%
26.46
15.34
196.48
76.22
132.22
69.35
7.65
7.24
5.76
3.5
29.6
763.95
857.74
33.79%
11.5
10.76
64.85
56.14
147.16
158.73
6.17
8.72
2.61
2.41
30
439.41
340.95
22.66%
12.62
11.06
71.03
70.99
128.41
143.55
9.98
6.84
3.02
2.32
30.6
85.35
54.28
14.73%
15.69
22.69
57.31
72
134.72
206.43
2.61
4.99
2.24
1.94
31.3
331.4
174.97
27.05%
4.92
1.46
86.68
70.57
187.84
264.04
16
8.15
3.87
1.71
34.2
238.78
296.96
26.76%
38.41
32.36
105.46
77.6
154.41
104.29
13.68
9.87
16.14
12
36.7
114.15
130.8
17.22%
8.87
8.11
55.62
72.84
95.14
63.27
15.25
15.83
4.27
3.9
37.6
109.84
112.45
31.18%
36.5
53.69
82.93
107.76
96.17
114.93
61.03
72.01
4.03
5.84
38.7
39.01
39.38
12.80%
16.69
15.41
57.81
52.43
169.29
157.56
14.67
14.68
6.81
5.69
39.4
677.86
666.16
16.82%
17.05
13.55
62.71
64.41
105.15
102.88
11.19
13.4
14.62
15.79
40.5
1126.45
956.62
28.13%
29.45
32
134.86
133.36
187.58
195.24
12.31
14.37
3
2.97
40.6
1813.25
1798.5
28.08%
11.62
10.46
89.26
70.24
136.12
143.21
13.81
17.27
4.1
3.81
40.9
610.37
500.65
27.30%
6.28
5.56
81.32
88.31
108.89
109.85
14.71
13.72
6.65
7.02
40.9
2704.3
2234.63
33.60%
7.28
9.99
52.38
67.11
147.62
168.2
11.59
15.63
3.25
4.07
41.5
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
cemeNT
315.77 268.35
AuTomoBILeS
60.41
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
43
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
22
Chettinad Cement Corpn. Ltd.
Industrial Activity
Net Sales (Rs Crore)
Cost of Goods Sold (Rs Crore)
2008
2009
Cement
930.36
1125.15
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
2009
376.5
412.7
36.68%
846.08
1122.57
0.03%
23
A C C Ltd.
Cement
6909.77
7245.21
2390.71
2800.21
38.65%
3973.39
5078.16
0.01%
24
Dalmia Cement (Bharat) Ltd.
Cement
1654.62
1743.07
1000.94
790.46
45.35%
1825.06
2665.96
0.02%
25
Cement Corpn. of India Ltd.
Cement
311.53
344.64
127.17
151.33
43.91%
132.17
128.03
0.34%
0.28%
cHeMicAls 1
Geecee Ventures Ltd.
Para chloro toluene
295.36
380.92
187.73
251.71
66.08%
183.08
233.14
2
Solar Industries India Ltd.
Industrial explosives
171.01
423.13
124.6
291.43
68.87%
44.62
91.1
0.76%
3
Nagarjuna Fertilizers & Chemicals Ltd.
Urea
2196.35
2376.29
1701
1548.9
65.18%
2087.09
2048.83
0.03%
4
National Fertilizers Ltd.
Urea
4178.58
5182.63
3362.59
4316.04
83.28%
821.73
751.9
0.11%
5
Jayant Agro-Organics Ltd.
Hydrogenated castor oil
606.86
830.57
581.41
672.82
81.01%
30.35
31.88
2.54%
6
I G Petrochemicals Ltd.
Phthalic Anhydride
589.75
557.91
495.72
476.75
85.45%
249.62
241.81
0.35%
7
Tamilnadu Petroproducts Ltd.
Linear alkyl benzene
784.22
948.48
594.73
734.23
77.41%
449.65
390.48
0.20%
8
Mangalore Chemicals & Fertilizers Ltd.
Urea
1662.2
2479.83
1415.89
2094.06
84.44%
324.6
336.51
0.25%
9
Akzo Nobel India Ltd.
Decorative paints
1057.53
1104.3
546.95
488.2
44.21%
144.36
135.7
0.33%
10
Kanoria Chemicals & Inds. Ltd.
Inorganic chemicals
437.17
497.91
257.21
320.07
64.28%
588.11
587.52
0.11%
11
Inox Air Products Ltd.
Oxygen
379.98
424.22
156.15
183.94
43.36%
916.82
973.59
0.04%
12
Gujarat Alkalies & Chemicals Ltd.
Sodium hydroxide (Caustic Soda)
1163.81
1419.69
633.58
848.47
59.76%
1263.81
1487.02
0.04%
13
Indian Farmers Fertiliser Co-op. Ltd.
Mixed fertilisers
12447.8
33388.86
7705.69
30128.04
90.23%
5169.79
5256.82
0.02%
14
Paradeep Phosphates Ltd.
Diammonium phosphate (DAP)(18-46-0)
2443.52
5162.22
1752.26
4441.93
86.05%
257.06
241.49
0.36%
15
Hindustan Organic Chemicals Ltd.
Organic chemicals
580.58
552.8
436.39
552.53
99.95%
261.64
246.79
0.41%
16
Manali Petrochemical Ltd.
Propylene glycol
329.46
355.84
259.07
277.82
78.07%
66.12
75.29
1.04%
17
Bodal Chemicals Ltd.
Sulphonated & nitrated derivatives of hydrocarbons
415.08
404.93
364.3
345.25
85.26%
102.88
168.38
0.51%
18
Deepak Nitrite Ltd.
Para nitrochlorobenzene
470.48
578.96
351.24
459.56
79.38%
169.12
173.25
0.46%
19
Meghmani Organics Ltd.
Pesticides
601.72
795.06
419.52
637.12
80.13%
137.51
150.13
0.53%
20
Sree Rayalaseema Alkalies & Allied Chemicals Ltd.
Sodium hydroxide (Caustic Soda)
451.23
690.09
292.02
472.63
68.49%
419.13
431.21
0.16%
21
Zuari Industries Ltd.
NPK mixed fertilisers
2660.4
6181.92
2184.17
5930.56
95.93%
170.2
169.58
0.57%
22
Clariant Chemicals (India) Ltd.
Dyes
869.7
931.84
621.33
637.73
68.44%
171.91
164.6
0.42%
23
Kansai Nerolac Paints Ltd.
Industrial paints
1428.18
1498.33
818.85
879.75
58.72%
233.86
273.07
0.22%
24
Gujarat State Fertilizers & Chemicals Ltd.
Urea
3600.21
5873.28
2547.31
4342.7
73.94%
1272.47
1253.27
0.06%
25
Aarti Industries Ltd.
Para nitrochlorobenzene
887.33
1430.47
704.87
1001.54
70.01%
316.51
382.26
0.18%
26
Jindal Photo Ltd.
Photographic or cinematographic goods
361.28
381.48
277.73
324.19
84.98%
31.6
30.01
2.83%
27
S I Group-India Ltd.
Phenol
655.33
630.55
539.2
503.26
79.81%
161.11
155.16
0.51%
28
Asian Paints Ltd.
Decorative paints
3619.35
4519.45
1882.93
2441.9
54.03%
565.08
787.55
0.07% 0.81%
29
Sabero Organics Gujarat Ltd.
Organophosphorous insecticides
198.24
367.08
147.46
274.17
74.69%
59.54
91.78
30
Micro Inks Ltd.
Printing ink
1175.71
1360.22
877.31
887.11
65.22%
357.17
354.18
0.18%
31
Nocil Ltd.
Rubber chemicals
379.9
480.65
293.02
345.75
71.93%
174.51
104.56
0.69%
32
Cheminova India Ltd.
Pesticides
270.28
340.8
180.71
259.09
76.02%
40.06
41.12
1.85%
33
Sudarshan Chemical Inds. Ltd.
Pigments
397.69
453.73
299.93
314.25
69.26%
80.43
84.09
0.82%
34
I O L Chemicals & Pharmaceuticals Ltd.
Carboxylic acids
0.27%
35
Coromandel International Ltd.
Ammonium phosphate (16-20-0)
36
Khaitan Chemicals & Fertilizers Ltd.
Single superphosphate
318.11
304.86
273.35
258.86
84.91%
152.93
310.58
3816.73
9682.56
2813.84
8700.78
89.86%
735.39
791.83
0.11%
399.31
357.4
299.04
238.26
66.66%
90.55
87.43
0.76%
1542.55
1765.82
844.67
973.79
55.15%
547.07
673.3
0.08%
916.27
1121.45
645.43
847.94
75.61%
120.86
147.09
0.51%
3379.01
2906.94
2305.38
2077.17
71.46%
1330.24
1649.96
0.04%
37
Pidilite Industries Ltd.
Glues (adhesive)
38
BASF India Ltd.
Leather auxilliaries
39
Gujarat Narmada Valley Fertilizers Co. Ltd.
Urea
40
Shalimar Paints Ltd.
Decorative paints
301.66
335.06
184.29
190.26
56.78%
26.49
25.89
2.19%
41
Nagarjuna Agrichem Ltd.
Monocrotophos
413.44
604.75
266.64
438.42
72.50%
156.08
161.62
0.45%
42
Navin Fluorine Intl. Ltd.
Fluro carbon
294.78
422.22
191.83
236.4
55.99%
183.1
173.96
0.32%
43
Excel Crop Care Ltd.
Pesticides
519.13
698.86
329.79
494.18
70.71%
90.7
102.87
0.69%
44
Godrej Industries Ltd.
Organic chemicals
818.48
950.1
486.44
638.73
67.23%
271.43
288.69
0.23%
45
Asian Ppg Inds. Ltd.
Industrial paints
381.69
376.3
236.62
222.08
59.02%
54.86
65.67
0.90%
46
Tata Chemicals Ltd.
Fertilisers
4663.62
8472.11
2575.47
6347.42
74.92%
1512.58
1843.75
0.04%
47
Chambal Fertilisers & Chemicals Ltd.
Urea
2791.35
4700.79
1593.32
3434.52
73.06%
2330.71
3091.94
0.02%
48
Punjab Chemicals & Crop Protection Ltd.
Pesticides
459.12
497.82
338.12
382.23
76.78%
129.17
145.72
0.53%
49
Berger Paints India Ltd.
Decorative paints
1347.26
1518.5
851.17
981.91
64.66%
158.42
181.12
0.36%
50
Rashtriya Chemicals & Fertilizers Ltd.
Urea
5198.5
8440.93
4165.99
5959.47
70.60%
1168.82
1313.74
0.05%
51
Jubilant Organosys Ltd.
Organic chemicals
2112.85
2506.43
1225.31
1586.12
63.28%
1244.89
1665.87
0.04%
52
Atul Ltd.
Dyes
1028.97
1189.42
777.77
819.98
68.94%
433.12
443.01
0.16%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
44
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days)
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2008
2009
345.3
477.88
42.47%
5.49
7.47
73.3
61.5
142.23
206.44
16.63
25.38
5.05
2009 7.36
45.3
2104.56
2005.02
27.67%
11.75
13.35
95.07
99.88
162.33
178.28
21.97
18.11
4.07
4.11
47.3
632.58
488.5
28.03%
20.66
30.23
131.96
152.06
77.36
166.67
5.77
13.72
57.27
66.08
47.6
90.88
91.76
26.62%
25.24
21.74
331.69
312.4
1256.79
1003.87
33.21
33.79
9.89
8.4
51.7
55.41
61.43
16.13%
80.53
69.76
33.48
32.76
35.02
27.95
7.58
4.37
4.49
4.74
47.5
37.83
51.95
12.28%
52.8
43.41
29.23
124.79
39.77
26.54
0.2
0.06
10.4
5.12
59.8
272.55
337.55
14.20%
51.17
49.78
49.79
55.86
17.91
14.67
0.95
0.48
17.63
16.1
60.9
246.81
284.76
5.49%
87.93
61.37
60.25
49.44
43.76
32.24
1.18
1.07
6.67
6.78
67.3
22.33
25.13
3.03%
19.41
12.2
13.58
13.14
34.17
20.92
0.51
0.29
25.35
16.21
67.3
57.95
25.35
4.54%
23.27
27.87
53.2
49.24
27.06
19.13
1.94
1.8
6.33
6.31
71.6
25.05
56.66
5.97%
22.61
18.28
70.29
60.18
41.58
32.28
1.57
0.4
9.56
4.83
75.2 77.2
95.1
3.83%
6.02
1.93
55.39
37.56
57.59
38.33
0.15
0.16
4.48
2.44
210.9
19.10%
34.8
32.2
90.39
72.66
26.57
18.89
1.17
1.62
31.15
29.23
78.1
98.06
117.53
23.60%
40.76
36.95
54.88
43.27
56.87
42.67
5.07
4.09
14.84
13.63
79.5 80.9
197.22
222.33
52.41%
65.15
67.02
151.73
131.08
228.35
237.14
1.21
0.59
3.65
4.03
407.82
411.44
28.98%
53.02
53.72
56.25
71.02
69.59
65.62
1.71
1.69
6.28
8.14
81
1189.34
1959.48
5.87%
11.67
4.55
37.31
33.1
60.76
33.14
1.47
0.93
23.08
3.53
81.6
358.6
321.48
6.23%
97.19
52.02
103.77
119.39
37.99
26.34
2.59
3.2
11.38
5.83
81.7
54.45
22.84
4.13%
49.48
48.35
55.98
37.45
36.05
31.22
6.54
5.22
9.78
11.33
82.5
18.46
19.06
5.36%
33.84
30.17
31.35
28.3
38.68
33.8
3.19
2.68
23.88
15.34
83
40.92
1.86
0.46%
71.05
72.72
71.97
71.8
21.99
24.98
6.01
10.7
7.98
9.79
83.4
38.51
78.24
13.51%
74.77
49.57
45
30.75
23.93
17.84
18.21
23.35
20.41
15.68
84.2
71.01
100.81
12.68%
131
116.99
52.71
63.23
28.09
21.87
22.78
10.96
24.62
23.69
84.2
96.23
119.05
17.25%
36.46
26.06
108.41
72.42
61.51
30.89
3.34
2.13
12.08
15.33
84.6
188.67
204.49
3.31%
73.52
47.09
73.92
132.85
47.05
28.7
2.36
1.23
16.66
10.94
85.9
70.99
138.42
14.85%
53.1
49.75
68.99
52.2
34.89
28.8
8.48
8.03
26.57
24.25
86.5
210.07
178.28
11.90%
46.06
46.32
42.82
58.74
26.68
23.55
6.19
5.23
25.64
23.76
87
536.48
855.47
14.57%
68.65
33.69
47.3
32.94
54.73
40.49
5.38
4.77
22.64
12.98
87.8
118.61
237.21
16.58%
68.72
55.39
37.55
20.56
43.46
33.17
31.96
23.97
21.06
15.41
89
59.9
42.45
11.13%
6.02
5.47
23.84
19.69
29.81
36.34
1.35
1.01
23.18
30.95
91
50.13
0.12
0.02%
60.4
58.63
63.93
30.53
62.67
39.66
12.8
8.36
19.1
14.25
91.8
615.02
596.86
13.21%
22.09
20.71
81.53
63.52
34.6
31.83
4.8
4.35
26.88
22.48
92.6
24.88
50.24
13.69%
42.62
41.07
105
105.05
31.56
23.51
11.51
7.16
43.81
23.04
92.8
141.91
171.51
12.61%
89.52
93.09
68.22
57.45
53.01
50.38
20.38
19.42
14.09
10.86
92.8
14.62
65.99
13.73%
69.26
60.5
58.92
43.08
41.87
37.74
12.5
11.53
30.87
24.58
93.5
18.89
42.19
12.38%
135.29
111.08
107.46
75.68
42.34
38.73
5.02
3.44
30.13
32.48
94.1
33.89
57.19
12.60%
74.43
62.19
58.53
43.73
43.47
37.19
12.29
11.29
32.22
29.86
95
38.25
44.46
14.58%
25.75
31.43
57.4
66.82
17.73
19.83
18.28
33.53
8.32
9.62
95.2
449.28
946.03
9.77%
12.95
4.1
87.35
69.64
59.19
37.68
1.15
0.6
19.37
13.6
96
30.9
37.35
10.45%
10.32
8.92
35.25
55.71
38.39
52.18
0.38
0.31
38.51
28.98
98
284.84
242.21
13.72%
38.15
45.19
46.88
49.18
47.22
43.4
4.45
4.81
27.91
25.42
98.1
107.51
122.8
10.95%
57.15
46.51
58
72.83
43.86
51.97
1.77
1.29
21.5
23.17
99
596.79
481.62
16.57%
51.06
41.09
41.4
30.98
68.77
76.42
4.12
5.27
13.08
13.71
99.8
23.89
19.96
5.96%
75.98
77.5
101.44
84.05
40.19
38.28
8.15
7
39.51
31.84
100.4
69.13
112.83
18.66%
51.91
41.51
77.7
67.97
58.41
42.27
10.73
10.72
26.85
17.98
100.7
40.97
99.07
23.46%
69.52
55.53
178.29
133.48
70.55
67.37
4.12
2.74
33.75
21.61
101
53.56
60.95
8.72%
73.25
60.33
65.31
57.78
33.86
34.78
10.86
9.9
31.46
31.42
101.5
165.12
91.85
9.67%
56.17
65.38
123.4
56.44
88.44
52.55
32.66
18.44
16.25
11.96
102.5
57.48
35.42
9.41%
55.55
69.08
69.73
53.79
77.97
84.36
2.06
2.41
39.47
36.01
102.7
1305.47
918.98
10.85%
58.97
36.18
98.47
87.88
68.41
50.78
1.17
1.69
22.44
13.16
102.9
511.71
652.17
13.87%
46.51
32.66
27.13
106.19
57.17
47.69
2.75
1.55
26.85
14.57
104
76.05
49.53
9.95%
101.38
130.98
133.41
83.77
43.77
46.05
12.49
10.91
22.53
23.18
104.2
149.86
147.22
9.70%
36.05
36.46
53.78
48.62
44.71
36.21
6.15
5.39
37.28
36.02
105.2
380.22
521.87
6.18%
72.79
64.7
42.26
79.82
72.87
72.48
2.7
1.94
35.3
16.75
107.1
571.04
438.67
17.50%
53.7
51.11
47.17
66.45
70.81
55.38
13.52
11.91
14.03
14.84
109
84.83
115.46
9.71%
91.93
75.29
78.14
63.08
40.76
37.94
27.99
27.4
22.21
23.48
109.8
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
chemIcALS
88.01 134.11
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
45
supply chain metrics Corporate FinanCial perFormanCe Rank
53
Company Name
Sicpa India Pvt. Ltd.
Industrial Activity
Printing ink
Net Sales (Rs Crore)
Cost of Goods Sold (Rs Crore)
2008
2009
280.75
399.66
2008 228.71
2009 307.48
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore) 2008
2009
76.94%
17.43
17.74
Fixed Asset Turnover Ratio (FATR) 2009 4.34%
54
P I Industries Ltd.
Organophosphorous insecticides
419.11
516.12
285.39
350.41
67.89%
163.62
185.62
0.37%
55
Rallis India Ltd.
Pesticides
685.7
847.86
461.26
555.21
65.48%
147.88
187.66
0.35%
56
Sterling Biotech Ltd.
Gelatin
910.85
1178.38
414.13
443.51
37.64%
1937.59
3070.79
0.01%
57
Gharda Chemicals Ltd.
Pesticides & pesticide intermediates
764.28
868.86
382.76
651.53
74.99%
206.93
194.95
0.38%
58
Thirumalai Chemicals Ltd.
Phthalic Anhydride
586.37
471.72
434.35
453.59
96.16%
121.45
122.95
0.78%
59
United Phosphorus Ltd.
Pesticides
1665.8
2626.13
938.16
1745.59
66.47%
818.32
1021.61
0.07%
60
Crystal Phosphates Ltd.
Pesticides
217.13
373.09
164.67
312.31
83.71%
6.95
7.95
10.53%
61
Gujarat Fluorochemicals Ltd.
Refrigerant gases
384.15
445.81
268.36
362.32
81.27%
854.98
1019.23
0.08%
62
Bilag Industries Pvt. Ltd.
Pesticides & pesticide intermediates
788.48
832.4
552.23
478.03
57.43%
177.65
224.38
0.26%
63
GHCL Ltd.
Sodium carbonate (Soda Ash)
1085.71
1241.22
744.06
693.48
55.87%
1013.15
2062.18
0.03%
64
M C C Pta India Corpn. Pvt. Ltd.
Purified Terephthalic acid (PTA)
1774.49
1413.4
1465.36
1629.73
115.31%
2065.19
2457.53
0.05%
65
India Glycols Ltd.
Ethylene glycol
1327.06
975.59
764.8
750.05
76.88%
843.65
1065.19
0.07%
66
Southern Petrochemical Inds. Corpn. Ltd.
Diammonium phosphate (DAP)(18-46-0)
1497.12
412.61
997.6
204.13
49.47%
1342.15
1261.64
0.04% 0.27%
67
Madras Fertilizers Ltd.
NPK mixed fertilisers
1143.31
1124.95
1078.76
1007.5
89.56%
371.57
330.51
68
Saurashtra Chemicals Ltd.
Sodium carbonate (Soda Ash)
312.37
343.63
210.53
262.79
76.47%
271.23
431.16
0.18%
69
Syngenta India Ltd.
Pesticides
1219.19
1383.2
831.67
1048.84
75.83%
173.48
301.78
0.25%
70
Ciba India Ltd. [Merged]
Synthetic colouring substances
474.13
510.14
411.69
465.16
91.18%
42.13
47.31
1.93%
71
Hikal Ltd.
Organic chemicals
316.37
478.46
196.59
267.25
55.86%
311.89
579.51
0.10%
72
Bayer Cropscience Ltd.
Pesticides
1184.92
1399.01
892.27
1104.86
78.97%
247.89
270.08
0.29%
73
Monsanto India Ltd.
Pesticides
381.42
395.98
123.31
168.97
42.67%
114.42
113.62
0.38%
0.02%
coAl & liGnite 1
Western Coalfields Ltd.
Coal
5771.78
6621.54
1649.89
1802.05
27.21%
1500.77
1591
2
South Eastern Coalfields Ltd.
Coal
8677.54
10171.88
2225.25
2890.73
28.42%
2527.96
3034.28
0.01%
3
Eastern Coalfields Ltd.
Coal
3396.97
4086.13
1851.81
2100.59
51.41%
1292.07
1280.42
0.04%
4
Central Coalfields Ltd.
Coal
5057.91
6059.31
1914.02
2092.57
34.53%
1734.4
1774.74
0.02%
5
Gujarat N R E Coke Ltd.
Coke & semi-coke of coal, lignite or peat
907.91
1534.07
553.82
1896
123.59%
619.88
944.77
0.13%
6
Mahanadi Coalfields Ltd.
Coal
5724.03
7195.07
786.71
817.7
11.36%
1740.39
1871.01
0.01%
cosMetics & cleAninG 1
Procter & Gamble Hygiene & Health Care Ltd.
Cosmetics & toilet preparations
541.64
645.44
140.99
187.14
28.99%
127.49
135.96
0.21%
2
Colgate-Palmolive (India) Ltd.
Preparations for oral or dental hygiene
1527.93
1775.87
630.7
874.73
49.26%
199
178.6
0.28% 0.50%
3
Galaxy Surfactants Ltd.
Organic surface-active agents other than soap
4
Rohit Surfactants Pvt. Ltd.
Synthetic detergents
386
555.05
277.05
434.32
78.25%
125.46
155.86
1092.52
1423.81
893.16
1080.96
75.92%
279.55
357.35
5
Emami Ltd.
Cosmetics & toilet preparations
0.21%
561.47
708.4
237.22
326.75
46.13%
91.29
649.3
0.07%
6
Reckitt Benckiser (India) Ltd.
Soap, washing preparations
1324.71
1533.07
674.94
762.28
49.72%
7
Dabur India Ltd.
Cosmetics & toilet preparations
2101.84
2426.75
910.32
1126.46
46.42%
116.84
118.62
0.42%
294.42
360.03
8
Henkel India Ltd.
Soap
393.5
465.55
250.45
321.32
69.02%
278.83
0.13%
273.93
0.25% 0.34%
9
Jyothy Laboratories Ltd.
Other washing preparations
365.38
353.43
239.99
232.29
65.72%
162.89
191.21
10
Nirma Ltd.
Synthetic detergents
2200.14
2907.02
1455.62
1958.5
67.37%
2171.57
2162.02
0.03%
11
Godrej Consumer Products Ltd.
Soap
892.06
1128.58
438.3
580.12
51.40%
226.14
172.3
0.30%
12
Synthite Industries Ltd.
Essential oils
335.96
369.96
258.92
206.43
55.80%
120.5
157.92
0.35%
13
Hindustan Unilever Ltd.
Cosmetics, toilet preparations, soap & washing prep
14037.3
20709.71
7233.55
11056.36
53.39%
1708.13
2078.86
0.03%
0.06%
DiVersiFieD MAnuFActurinG 1
Prakash Industries Ltd.
Diversified
1254.82
1528.56
822.01
1061.63
69.45%
952.86
1128.48
2
Balmer Lawrie & Co. Ltd.
Diversified
1457.29
1663.91
453.08
493.65
29.67%
168.19
173.05
0.17%
3
Apar Industries Ltd.
Diversified
1688.98
2468.51
1430.71
2151.77
87.17%
109.96
123.24
0.71%
4
Orient Paper & Inds. Ltd.
Diversified
1292.58
1551.56
546.84
701.21
45.19%
533.65
1043.19
0.04%
5
Hindusthan Engineering & Inds. Ltd.
Diversified
325.33
455.36
208.19
342.39
75.19%
124.49
125.11
0.60%
6
Surya Roshni Ltd.
Diversified
1270.19
1487.96
1059
1252.88
84.20%
315.27
349.07
0.24%
7
Bhilai Engineering Corpn. Ltd.
Diversified
311.94
449.78
125.49
265.67
59.07%
57.72
72.45
0.82%
8
Texmaco Ltd.
Diversified
838.43
1011.73
203.56
201.64
19.93%
224.22
228.49
0.09%
9
Aditya Birla Nuvo Ltd.
Diversified
3942.01
4831.76
2706.4
3364.96
69.64%
1501.62
1604.99
0.04%
10
D C M Shriram Inds. Ltd.
Diversified
595.77
842.58
555.07
576.37
68.41%
267.74
294.66
0.23%
11
D C M Shriram Consolidated Ltd.
Diversified
2488.24
3428.3
2300.99
2478.86
72.31%
1964.2
2140.38
0.03%
12
Kores (India) Ltd.
Diversified
747.87
785.8
604.12
614.71
78.23%
114.89
112.71
0.69%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
46
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
Raw Material Holding Period (days) 2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
2008
61.67
67.65
16.93%
7.18
9.95
67.29
120.41
112.68
125.12
0.83
0.73
25.32
2009 23.42
112.6
32.28
62.64
12.14%
68.46
59.88
76.67
69.09
63.09
56.23
6.11
17.66
24.14
20.11
113.3
71.69
113.86
13.43%
75.31
59.95
74.59
89.63
55.62
47.97
5.05
5.33
39.42
35.19
113.9
418.61
511.33
43.39%
67.58
94.18
21.19
24.12
76.2
80.09
112.82
104.92
45.73
35.03
118
86.48
155.72
17.92%
NA
100.88
73.87
58.19
NA
46.36
NA
39.4
NA
61.98
119.4
70.99
-40.67
-8.62%
83.31
100.73
44.78
91.39
50.6
57
5.96
6.84
31.58
23.5
119.4
249.97
358.88
13.67%
102.69
88.86
169.46
118.26
50.67
50.78
12.48
13.2
28.09
24.29
120.7
14.26
24.97
6.69%
48.38
32.62
115.46
80.28
32.01
24.57
19.61
11.86
56.7
36.1
121.1
490.33
575.63
129.12%
122.52
111.67
221.23
101.27
87.91
141.18
1.79
6.58
19.03
28.61
121.8
232.21
318.86
38.31%
44.11
69.92
70.1
78.04
47.72
81.06
27.62
39.25
23.86
28.96
122.5
255.51
285.02
22.96%
39.01
34.92
66.4
89.85
116.07
124.93
6.3
4.51
23.99
27.75
124.3
49.33
-392.04
-27.74%
30.3
31.66
122.53
202.19
55.62
46.16
3.19
2.02
12.36
14.03
124.4
344.44
-35.45
-3.63%
19.82
25.54
42.49
57.39
105.24
95.38
10.66
7.21
8.42
11.44
125.2
-53.51
-491.56
-119.13%
41.32
101.51
182.16
662.44
55.06
321.74
3.75
18.02
2.65
9.82
126.9
-13.14
-12.59
-1.12%
1.99
1.91
113.34
119.25
54.15
53.04
15.29
11.7
2.88
1.86
128
40.21
34.34
9.99%
44.03
34.49
72.74
123.88
172.75
196.14
6.38
16.89
9.36
9.4
133.7
192.61
243
17.57%
72.92
60.82
96.4
121.44
68.68
85.97
10.77
10.56
31.08
38.37
136.1
39.23
33.32
6.53%
57.18
53.25
80.57
71.46
59.47
62.44
16.06
12.97
42.36
48.65
139.2
91.61
121.84
25.47%
60.81
54.67
95.15
130.42
136.31
138.34
75.37
54.43
53.67
34.14
144.7
85.28
169.05
12.08%
64.26
50.67
105.95
100.69
76.96
77.54
25.84
37.28
27.41
32.67
148.2
91.46
102.7
25.94%
22.52
32.68
122.13
123.35
130.99
201.15
86.48
144.82
34.2
50.27
150.9
10.44%
22.83
18.94
122.46
146.77
51.41
43.25
1.16
0.84
18.92
12.81
7.2
20.30%
18.61
15.13
228.21
224.3
88.38
77.4
1.48
1.05
13.38
10.23
7.9
-875.34
-1888.41
-46.22%
41.48
35.57
363.05
334.34
104.84
92.79
1.15
0.77
18.56
11.15
9
1262.01
944.27
15.58%
57.37
59.74
261.87
282.58
175.71
182.17
0.18
0.12
64.7
56.23
10
287.52
261.12
17.02%
86.3
60.26
138.14
151.15
73.35
80.6
1.11
1.11
51.37
94.66
10.4
2618.66
2659.46
36.96%
12.35
7.24
283.39
436.19
142.12
134.56
1.34
1.1
21.42
27.33
12.2
193.15
29.93%
7.47
7.79
67.39
92.21
36.68
31.3
1.27
2.08
10.7
14.15
13.1
353.27
19.89%
2.12
2.05
93.99
95.08
19.87
13.75
1.94
2.53
15.95
14.29
14.9
55.76
58.62
10.56%
51.3
44.38
55.05
48.63
32.15
21.7
19.76
17.23
17.39
12.65
15.6
75.17
196.7
13.82%
12.13
15.53
34.84
42.37
37.7
43.35
2.35
2.5
9.27
10.15
15.7
116.94
139.04
19.63%
25.28
21.21
38.82
63.08
45.75
42.89
1.96
1.31
17
18.48
16.1
272.38
320.27
20.89%
5.05
5.19
73.05
68.14
28.42
27.67
4.24
2.61
26.22
25.36
17.3
399.23
463
19.08%
14.47
17.26
66.33
63.05
37.82
40.27
12
15.21
14.71
15.72
18.8
41.2
41.64
8.94%
146.48
171.18
74.45
60.24
41.59
48.24
2.75
2.73
19.9
18.06
19.3
62.27
57.66
16.31%
32.54
32.39
38.03
42.52
66.18
76.47
2.06
3.04
19.24
26.54
22.3
418.98
507.79
17.47%
31.1
25.28
30.81
25.88
128.33
105.2
9.46
8.06
19.71
18.1
22.6
195.97
207.85
18.42%
4.47
3.65
109.55
82.8
48.14
39.95
15.97
10.38
31.52
23.43
22.8
16.64%
93.48
74.59
49.15
37.51
63.74
63.48
21.08
68.35
83.54
62.15
23.5
15.18%
12.22
9.25
105.71
78.94
66.36
50.04
2.16
4.36
20.17
17.78
23.7
291.73
301.68
19.74%
26.67
23.84
19.17
23.75
33.66
22.57
0.86
0.7
7.49
6.45
15.8
136.75
148.56
8.93%
54.89
52.65
78.47
77.04
49.33
43.04
2.33
1.79
6.05
5.85
16.7
122.07
92.44
3.74%
75.95
59.62
209.89
192.26
47.76
35.59
6.28
4.37
9.88
6.22
21.8
362.51
377.53
24.33%
31.74
29.25
55.23
62.34
65.51
61.48
9.45
6.3
4.66
4.92
23.1
10.17
15.45
3.39%
78.49
61.04
60.51
59.38
84.97
48.43
9.55
5.61
22.92
11.17
23.7
76.32
97.85
6.58%
33.39
31.61
8.15
9.23
24.45
21.45
6.59
6.7
22.89
22.33
23.7
41.06
48.84
10.86%
88.47
68.34
110.14
86.51
59.38
51.02
39.68
34.55
19.99
9.07
24.3 25.6
117.93
131.72
13.02%
50.34
53.21
141.11
151.16
41
47.33
11.22
14.09
1.76
10.52
599.4
583.05
12.07%
50.95
41.77
52.76
49.63
62.05
62.02
6.13
6.16
22.1
21.37
27.7
35.75
95.89
11.38%
16.76
18.93
59.11
61.06
45.71
38.9
4.83
3.34
92.7
84.69
27.7
213.14
380.28
11.09%
51.46
30.43
53.4
51.16
35.3
47.52
2.51
2.17
72.18
64.42
28.4
41.69
50.46
6.42%
57.14
50.75
96.47
68.09
37.8
37.1
26.17
27.93
28.61
23.64
28.7
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
Source: cMIe Prowess database industry 2.0
DIverSIfIeD
61.55 3143.85
MANUFACTURING
43.99 2295.27
& CLEANING
154.58 297.88
coAL coSmeTIcS
691.36 2064.67
& LIGNITE
1143.26 2392.52
chemIcALS
Working Capital CyCle
- technology management for decision-makers | february 2011
47
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
13
Gillanders Arbuthnot & Co. Ltd.
Diversified
Cost of Goods Sold (Rs Crore)
2009
395.72
485.16
2008 280.19
2009 318.02
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore) 2008
Fixed Asset Turnover Ratio (FATR)
2009
2009
65.55%
215.49
237.36
0.28% 0.02%
14
Kesoram Industries Ltd.
Diversified
3001.66
3894.77
1277.44
2460.74
63.18%
1718.84
2669.22
15
Godrej & Boyce Mfg. Co. Ltd.
Diversified
3543.46
4206.12
2819.29
2980.87
70.87%
516.03
652.42
0.11%
16
Nahar Industrial Enterprises Ltd.
Diversified
883.11
1013.6
743.77
638.24
62.97%
697.52
652.17
0.10%
17
Andhra Sugars Ltd.
Diversified
488.86
590.05
367.56
298.45
50.58%
465.12
478.69
0.11%
18
Saraswati Industrial Syndicate Ltd.
Diversified
1149.33
1292.35
889.6
1049.38
81.20%
148.28
241.36
0.34%
19
Voltas Ltd.
Diversified
3077.3
4109.13
1519.4
1655.6
40.29%
159.5
173.06
0.23%
DruGs & PHArMAceuticAls 1
Plethico Pharmaceuticals Ltd.
Drug formulations
553.85
536.17
331.2
297.77
55.54%
113.43
130.68
0.42%
2
J B Chemicals & Pharmaceuticals Ltd.
Drug formulations
561.82
734.03
199.83
237.88
32.41%
233.55
227.5
0.14%
3
Twilight Litaka Pharma Ltd.
Drug formulations
296.04
371.82
244.97
299.97
80.68%
41.08
63.52
1.27%
4
Astrazeneca Pharma India Ltd.
Drug formulations
311.05
367.4
106.09
154.14
41.95%
33.23
30.46
1.38%
5
Shasun Chemicals & Drugs Ltd.
Drugs, medicines & allied products
463.94
473.06
363.03
333.13
70.42%
214.54
193.1
0.36%
6
Sharon Bio-Medicine Ltd.
Drugs, medicines & allied products
171
334.62
164.95
290.76
86.89%
60.47
96.21
0.90%
7
Indoco Remedies Ltd.
Drug formulations
264.15
365.09
127.25
168.88
46.26%
173.45
192.21
0.24%
8
Novartis India Ltd.
Drug formulations
600.21
661.39
284.78
277.8
42.00%
9.34
8.7
4.83%
9
Ankur Drugs & Pharma Ltd.
Drug formulations
674.91
967.93
470.07
735.47
75.98%
535.63
612.25
0.12%
10
Merck Ltd.
Drug formulations
349.71
429.93
132.81
201.48
46.86%
40.5
62.21
0.75%
11
Pfizer Ltd.
Drug formulations
734.12
759.92
262.46
321.65
42.33%
70.91
83.57
0.51%
12
Aarti Drugs Ltd.
Anti dysentery medicaments
311.52
376.58
253.16
266.19
70.69%
173.98
180.19
0.39% 0.08%
13
Claris Lifesciences Ltd.
Drug formulations
564.4
694.41
199.07
307.04
44.22%
409.19
563.64
14
Strides Arcolab Ltd.
Drug formulations
454.02
796.27
287.8
393.68
49.44%
216
306.67
0.16%
15
U S V Ltd.
Drug formulations
712.28
910.2
318.35
371.83
40.85%
270.86
291.45
0.14%
16
Abbott India Ltd.
Drug formulations
604.72
678.57
497.65
497.86
73.37%
36.31
50.62
1.45%
17
Unimark Remedies Ltd.
Drug formulations
511.79
578.9
393.18
433.7
74.92%
229.36
365.33
0.21%
18
Unichem Laboratories Ltd.
Drug formulations
579.22
662.47
295.94
323.7
48.86%
327.49
356.05
0.14%
19
Hetero Drugs Ltd.
Drugs, medicines & allied products
832.61
1198.51
617.9
878.11
73.27%
345.66
469.63
0.16%
20
Elder Pharmaceuticals Ltd.
Drug formulations
550.96
619.63
294.63
372.01
60.04%
332.52
423.41
0.14%
21
Micro Labs Ltd.
Drug formulations
916.17
1037.52
428.27
525.9
50.69%
412.79
422.61
0.12%
22
Alkem Laboratories Ltd.
Drugs, medicines & allied products
1019.32
1215.57
635.4
716.07
58.91%
385.03
396.15
0.15%
23
Wyeth Ltd.
Drug formulations
344.88
398.53
115.4
173.95
43.65%
41.92
38.87
1.12%
24
Glaxosmithkline Pharmaceuticals Ltd.
Drug formulations
1680.66
1948.16
668.67
729.76
37.46%
95.93
103.37
0.36%
25
F D C Ltd.
Drug formulations
502.51
582.28
257.11
293.96
50.48%
220.02
263.15
0.19%
26
Maneesh Pharmaceuticals Ltd.
Drug formulations
510.29
672.76
269.25
518.88
77.13%
254.8
257.99
0.30% 0.05%
27
Piramal Healthcare Ltd.
Drug formulations
1957.49
2449.53
1032.69
1238.27
50.55%
856.05
1065.05
28
Nectar Lifesciences Ltd.
Drugs, medicines & allied products
748.62
733.65
572.42
680.11
92.70%
419.23
600.1
0.15%
29
Matrix Laboratories Ltd.
Drugs, medicines & allied products
967.97
1501.78
627.69
889.63
59.24%
590.57
760.7
0.08%
30
Aventis Pharma Ltd.
Drug formulations
926.8
1082.44
560.56
556.53
51.41%
144.99
149.07
0.34%
31
Biocon Ltd.
Bio-tech base drugs
897.79
936.21
522.84
552.14
58.98%
744.09
751.87
0.08%
32
Alembic Ltd.
Drug formulations
1000.32
1102.25
598.91
725.52
65.82%
388.57
411.94
0.16%
33
Neuland Laboratories Ltd.
Salbutamol
222.49
316.45
163.34
247.53
78.22%
119.37
183.33
0.43%
34
Torrent Pharmaceuticals Ltd.
Drug formulations
1002.38
1207.11
397.09
530.77
43.97%
526.09
533.09
0.08%
35
Sun Pharmaceutical Inds. Ltd.
Drug formulations
3211.51
3930.37
1643.15
2086.09
53.08%
663.47
775.21
0.07%
36
Aurobindo Pharma Ltd.
Drug formulations
2380.44
2920.52
1527.41
1844.45
63.15%
951.77
1158.83
0.05%
37
Cadila Pharmaceuticals Ltd.
Drug formulations
541.43
664.38
261.41
375.39
56.50%
330.18
352.38
0.16%
38
Dr. Reddy’s Laboratories Ltd.
Drug formulations
3676.3
4512.7
1658
1838.1
40.73%
1233.9
1622
0.03%
39
Surya Pharmaceutical Ltd.
Antibiotics
488.85
723.02
444.95
666.85
92.23%
191.9
300.77
0.31%
40
Ajanta Pharma Ltd.
Drug formulations
285.16
319.56
174.6
157.55
49.30%
117.76
185.38
0.27%
41
Dishman Pharmaceuticals & Chemicals Ltd.
Drug formulations
361.65
420.28
250.13
226.19
53.82%
366.88
441.57
0.12%
42
Glenmark Pharmaceuticals Ltd.
Drug formulations
1355.12
958.14
562.37
426.53
44.52%
593.1
205.25
0.22%
43
Cadila Healthcare Ltd.
Drug formulations
1755.5
1920.1
754.6
757.3
39.44%
880.3
954.2
0.04%
44
Cipla Ltd.
Drug formulations
4284.26
5251.2
1976.77
2425.56
46.19%
1894.48
2358.81
0.02%
45
Intas Pharmaceuticals Ltd.
Drug formulations
990.58
1195.67
611.49
606.75
50.75%
211.13
234.24
0.22%
46
Serum Institute Of India Ltd.
Vaccines
987.82
1098.75
426.77
407.37
37.08%
580.05
700.33
0.05%
47
Ipca Laboratories Ltd.
Drug formulations
1111.01
1293.58
588.04
700.38
54.14%
541.04
579.72
0.09%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
48
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
42.24
61.21
12.62%
27.5
37.77
69.07
91.07
49.28
75.01
5.02
7.25
16.94
20.14
704.23
660.98
16.97%
27.35
27.56
54.01
50.35
65.15
68.5
8.27
8.83
11.01
12.49
29.9 30
337.03
414.67
9.86%
60.07
63.59
116.09
107.69
44.28
42.65
35.74
40.3
31.38
28.45
31.6
143.86
136.15
13.43%
41.35
44.17
59.69
34.78
130.86
92.8
12.96
11.98
78.67
69.73
32.4
116.05
134.2
22.74%
23.43
26.38
104.37
95.35
80
91.09
3.65
2.71
123.7
101.4
32.6
119.59
81.21
6.28%
67.71
94.06
134.09
168.76
111.11
109.88
95.44
112.6
0.96
1.76
33
295.98
353.95
8.61%
61.19
63.55
152.11
167.79
108.48
96.05
58.56
73.49
24.33
24.64
36.3
162.05
88.65
16.53%
160.65
232.64
18.16
26.03
9.7
13.14
0.95
1.59
5.19
4.09
18.8
83.47
127.14
17.32%
204.44
183.76
41.29
39.24
64.14
55.57
8.18
7.36
28.28
19.38
38.5 42.9
37.27
47.19
12.69%
110.82
125.57
38.41
32.56
11.01
14.6
7.08
9.55
24.18
27.33
100.57
125.82
34.25%
51.73
49.24
45.56
56.22
51.12
45.26
18.71
17.43
27.63
23.37
47.3
56.73
-1.46
-0.31%
97.45
114.31
62.72
86.54
35.22
30.28
6.28
10.99
14.36
11.34
50.4
26.41
41.73
12.47%
75.39
81.38
50.39
24.55
0
14.47
0
11.45
49.34
25.75
50.7
43.77
49.81
13.64%
142.3
106.84
80.92
61.29
74.17
60.1
7.57
6.37
31.66
28.26
52.2
151.63
175.02
26.46%
28.06
27.1
55.04
59.59
93.35
65.04
2.1
0.63
42.21
34.61
55.5
107.88
131.61
13.60%
65.02
83.78
24.59
26.21
55.04
61.42
4.7
9.04
1.92
6.62
56.2
105.35
96.45
22.43%
31.34
33.37
37.17
49.96
49.09
63.21
11.89
11.1
27.41
28.73
60.2
182.17
213.82
28.14%
37.36
36.49
57.33
63.43
76.56
68.16
6.55
7.28
31.3
34.35
61.7
40.46
56.96
15.13%
93.44
91
76.66
71.26
47.97
39.8
29.82
27.65
20.68
16.62
63.1
26.68%
130.22
144.82
172.14
151.09
69.63
36.96
10.8
8.49
28.6
43.92
65.5
84.18
10.57%
129.12
99.43
211.55
132.38
92.73
71.14
11.11
9.82
4.29
5.99
66.2
200.91
226.32
24.86%
42.05
39.97
57.01
59.8
63.93
51.09
18.95
18.39
37.06
32.72
67.2
105.79
102.15
15.05%
15.89
17.15
24.59
45.54
26.29
36.99
2.9
2.15
42.73
47.79
68.6
70.71
78.83
13.62%
78.23
79.11
79.18
71.35
43.09
49.91
47.51
39.78
3.55
4.18
69.5
108.61
160.48
24.22%
78.79
74.81
63.82
70.96
74.75
72.94
16.53
16.78
22.49
27.98
70.9
131.02
180.89
15.09%
101.83
93.99
70.05
97.39
60.52
49.99
20.36
21.56
16.33
12.77
71
112.67
106.89
17.25%
84.53
92.17
58.06
63.78
49.12
47.46
18.36
8.93
50.59
43.82
71.2
198.44
206.72
19.92%
NA
101.21
41.62
66.56
NA
78.72
NA
16.32
NA
30.94
72.5
172.4
204.14
16.79%
34.92
32.58
35.37
40.66
56.5
50.76
9.24
6.44
46.22
42.97
72.9
124.25
147.94
37.12%
23.29
23.23
58.83
74.88
69.5
73.47
3.99
3.78
41.89
43.49
73.2
596.71
838.92
43.06%
12.96
12.01
71.99
79.6
53.51
57.8
23.32
22.92
35.98
32.59
73.4
88.56
115.53
19.84%
14.78
17.55
56.48
50.85
41.42
43.35
15.88
12.59
50.94
47.62
74
62.39
94.6
14.06%
78.3
88.77
122.74
93.29
133.18
52.76
9.35
8.35
32.72
37.32
75.4
472.46
570.89
23.31%
56.28
58.3
63.18
60.85
64.79
74.01
20.92
20.87
19.92
16.94
76.1
138.86
145.73
19.86%
64.78
76.72
63.85
89.1
25.37
23.09
92.81
148.06
10.96
10.26
76.4
-226.56
335.63
22.35%
83.65
88.07
105.07
94.45
70.86
54.72
89.51
85.02
5.42
6.94
78.4
234.61
277.79
25.66%
24.35
25.54
51.39
58.94
63.96
68.18
18.77
21.45
42.95
35.78
80.1
268.86
196.38
20.98%
102.34
103.32
85.54
107.21
70.35
68.68
57.26
68.1
5.1
6.76
82.2
158.51
92.57
8.40%
77.68
78.02
60.99
60.73
80.01
88.38
7.31
5.89
31.23
35.56
82.5
21.26
31.73
10.03%
78.63
73.6
110.73
97.69
61.39
45.73
18.3
12.64
39.23
37.63
83.2
213.74
256.57
21.25%
67.33
69.16
88.05
103.21
82.96
70.04
30.8
27.48
33.3
24.81
83.6
1111.6
1353.34
34.43%
122.99
112.77
117.58
75.17
97.31
115.05
58.54
55.78
13.43
11.61
84.3 84.6
462.1
309.96
10.61%
112.55
124.49
71.24
74.14
82.7
83.7
50.08
45.8
6.44
6.76
64.89
80.28
12.08%
70.46
79.48
107.11
99.17
65.55
47.82
29.54
29.33
37.86
31.42
84.7
749.9
896.6
19.87%
100.75
94.93
81.11
106.69
88.13
80.91
48.33
48.03
10.27
11.59
85.4
89.72
115.51
15.98%
55.87
53.58
72.05
99.19
45.46
57.22
123.22
124.38
0.03
1.59
85.7
47.55
61.1
19.12%
99.39
101.91
54.57
62.79
114.36
113.05
28.46
18.88
62.29
72.76
90.5 91.3
93.54
135.58
32.26%
106.9
67.9
74.42
44.73
80.07
99.19
154.81
111.8
15.42
28.23
504.65
360.41
37.62%
134.59
215.9
92.75
94.89
96.87
181.04
51.21
44.14
23.66
37.65
91.5
384.9
447.3
23.30%
54.79
69.14
67.06
69.21
92.23
100.42
42.44
31.32
30.88
30.58
91.5
963.04
1087.3
20.71%
103.41
113.24
90.19
88.42
127.07
135.58
25.63
23.1
32.54
33.94
92.4
131.91
173.51
14.51%
49.69
53.27
51.23
59.83
82.84
94.59
15.24
18.28
37.42
38.22
93.8
448.88
468.66
42.65%
83.11
62.33
89.39
71.22
158.94
174.86
180.07
188.64
18.15
20.23
95.8
231.64
185.85
14.37%
72.62
82.86
50.85
61.16
90.99
86.46
25.07
25.37
33.74
36.1
95.8
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
DrugS
185.28
& PHARMACEUTICALS
153.56 -58.42
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
49
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
48
Ind-Swift Ltd.
Drug formulations
49
Ind-Swift Laboratories Ltd.
Drugs, medicines & allied products
50
Emcure Pharmaceuticals Ltd.
Drug formulations
Cost of Goods Sold (Rs Crore)
2009
2008
513.73
587.69
453.67
2009 513.44
454.84
587.84
347.06
470.71
607.73
251.24
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
2009
87.37%
238.68
252.57
0.35%
530.12
90.18%
467.07
542.24
0.17%
285.8
47.03%
373.75
480.92
0.10%
51
Wockhardt Ltd.
Drug formulations
1292.01
1533.87
780.24
820.23
53.47%
910.66
1113.93
0.05%
52
Divi’s Laboratories Ltd.
Drugs, medicines & allied products
1038.31
1203.63
572.43
711.61
59.12%
559.95
609.16
0.10%
53
Arch Pharmalabs Ltd.
Drugs, medicines & allied products
514.65
714.52
422.21
674.09
94.34%
271.02
578.11
0.16%
54
Lupin Ltd.
Drug formulations
2585.76
2960.76
1598.41
1557.72
52.61%
932.02
1091.93
0.05%
55
Orchid Chemicals & Pharmaceuticals Ltd.
Drug formulations
1309.32
1193.87
594.69
724.03
60.65%
2030.14
2412.14
0.03%
56
Panacea Biotec Ltd.
Drug formulations
862.83
818.13
458.08
435.89
53.28%
534.37
693.88
0.08%
57
Ranbaxy Laboratories Ltd.
Drug formulations
4108.51
4093.14
1594.75
2098.51
51.27%
1796.95
1885.46
0.03%
DrY cells & storAGe BAtteries 1
Amara Raja Batteries Ltd.
Storage batteries
1102.72
1337.17
873.46
947.69
70.87%
266.65
326.19
0.22%
2
H B L Power Systems Ltd.
Nickel-Cadmium accumulators
969.89
1241.12
778.39
918.48
74.00%
288.38
354.53
0.21%
3
Exide Industries Ltd.
Storage batteries
2883.68
3390.92
2207.07
2394.27
70.61%
601.78
685.31
0.10%
4
Ajanta Manufacturing Ltd.
Storage batteries
474.88
427.78
369.12
328.02
76.68%
237.24
229.1
0.33%
5
Eveready Industries (India) Ltd.
Dry cells
844.34
854.11
668.27
554.47
64.92%
914.39
884.51
0.07%
electronics 1
P C S Technology Ltd.
Computer systems
325.53
314.18
267.74
264.21
84.10%
24.87
31
2.71%
2
X L Telecom & Energy Ltd.
Cordless phone
525.19
655.99
466.25
549.07
83.70%
26.78
248.71
0.34%
3
Yokogawa India Ltd.
Process control equipment
368.7
517.65
279.47
390.32
75.40%
42.26
56.68
1.33%
4
Raychem RPG Ltd.
Other communication equipment
302.69
406.31
207.12
291.52
71.75%
49.12
73.09
0.98%
866.88
1006.45
643.02
701.98
69.75%
60.88
70.27
0.99%
669.71
587.38
568.3
529.52
90.15%
193.93
199.67
0.45%
5
Honeywell Automation India Ltd.
Process control equipment
6
Lloyd Electric & Engineering Ltd.
Accessories of air conditioners & refrigerators
7
Opto Circuits (India) Ltd.
Medical equipment
340.09
425.97
202.63
240.53
56.47%
39.03
81.52
0.69%
8
Numeric Power Systems Ltd.
Uninterrupted power supplies
388.78
414.77
271.75
314.09
75.73%
37.64
54.81
1.38%
9
Carrier Airconditioning & Refrigeration Ltd.
Window/split airconditioners
760.84
799.03
488.82
458.35
57.36%
46.79
51.73
1.11%
10
Videocon Industries Ltd.
Television receivers
7669.57
8751.14
5107.64
5501.98
62.87%
5319.47
5926.67
0.01% 2.81%
11
A G C Networks Ltd.
Communication & broadcasting equipment
839.66
568.44
584.02
387.42
68.15%
21.87
24.22
12
T T K Prestige Ltd.
Cookers
326.74
401.75
199.47
247.12
61.51%
56.61
59.59
1.03%
13
Electronics Corporation of India Ltd.
VHF radio systems
962.47
1003.55
632.21
876.37
87.33%
78.19
94.89
0.92%
14
Fedders Lloyd Corpn. Ltd.
Air conditioning machines / systems
348.21
446.51
342.66
414.25
92.78%
56.97
60.41
1.54%
15
Trend Electronics Ltd.
Television receivers
833.17
781.82
779.13
711.25
90.97%
137.31
126.28
0.72%
16
Blue Star Ltd.
Air conditioning machines / systems
2261.47
2507.11
1842.47
2033.1
81.09%
155.95
212.37
0.38%
17
I F B Industries Ltd.
Washing machines
426.27
497.54
254.84
280.21
56.32%
71.02
72.07
0.78%
18
Usha International Ltd.
Fans
709.93
810.29
508.12
599.06
73.93%
38.72
34.35
2.15%
19
Whirlpool of India Ltd.
Refrigerators, freezers
1805.14
1991.4
1273.6
1209.27
60.72%
324.93
308.47
0.20%
20
Spice Mobility Ltd.
Cordless phone
290.01
672.59
236.85
550.84
81.90%
4.84
6.07
13.49%
21
Value Industries Ltd.
Domestic appliances (Electro-mechanical)
1302.94
1245
1090.63
1055.32
84.76%
787.4
654.49
0.13%
22
Bharti Teletech Ltd.
Electronic telephones
1552.47
1062.65
640.01
945.99
89.02%
17.21
14.66
6.07% 0.26%
23
Philips Electronics India Ltd.
Consumer electronics
2857.3
3107.9
1973.49
2243.18
72.18%
269.4
282.5
24
Samtel Color Ltd.
TV picture tubes colour
1202.63
726.48
1012.95
682.4
93.93%
847.95
757.28
0.12%
25
J C T Electronics Ltd.
TV picture tubes colour
339.32
388.21
321.3
391.05
100.73%
374.61
362.67
0.28%
26
Bajaj Electricals Ltd.
Electric appliances
1384.63
1766.9
1117.76
1375.54
77.85%
108.86
118.56
0.66%
27
Hitachi Home & Life Solutions (India) Ltd.
Window/split airconditioners
449.46
470.12
323.7
332.63
70.75%
41.13
82.69
0.86%
28
Mirc Electronics Ltd.
Television receivers, colour
1526.54
1428.35
1331.21
1106.86
77.49%
191.68
209.05
0.37%
29
Su-Kam Power Systems Ltd.
Uninterrupted power supplies
234.47
308.01
251.11
199.41
64.74%
94.75
113.47
0.57%
30
Xerox India Ltd.
Electronic paper copiers
559.18
574.52
462.07
408.6
71.12%
37.91
37.78
1.88%
31
Moser Baer India Ltd.
Magnetic media
1970.88
2300.76
1066.16
1294.78
56.28%
2837.68
2606.79
0.02%
32
Bharat Electronics Ltd.
Electronics
4250.05
4762.29
2576.64
3728.46
78.29%
449.19
514.2
0.15%
33
Moser Baer Photo Voltaic Ltd.
Photovoltaic power modules
178.32
367.39
194.62
457.75
124.60%
214.74
451
0.28%
34
I T I Ltd.
Switching systems
1205.2
1720.24
1184.22
1811.92
105.33%
2671.12
2640.84
0.04%
35
Bharat Dynamics Ltd.
Defence communication equipment
567.39
592.77
508.62
481.14
81.17%
101.02
106.8
0.76%
Ferrous MetAls 1
Kamdhenu Ispat Ltd.
Bars & rods
352.48
374.04
316.82
361.46
96.64%
30.4
40.92
2.36%
2
Sujana Towers Ltd.
Flat products
439.68
749.16
389.08
627.03
83.70%
149.82
234.32
0.36%
3
Tata Steel Processing & Distribution Ltd.
Semi-finished Steel
1280.81
1289.72
1105.37
1109.59
86.03%
134.71
193.94
0.44%
4
M S P Steel & Power Ltd.
Bars & rods
362.26
401.92
294.68
303.84
75.60%
218.32
332.48
0.23%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
50
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
80.29
89.26
15.19%
98.14
99.24
89.78
106.11
58.96
60.36
21.17
21.43
79.23
96.03
95.9
96.6
118.05
20.08%
73.64
63.94
94.32
92.74
95.3
74
157.15
155.08
7.14
18.07
96.4
70.5
85.67
14.10%
77.19
73.77
80.29
315.51
104.9
93.15
20.55
18.29
30.87
33.77
99.5
344.5
-289.38
-18.87%
108.73
111.64
90.69
127.57
85.64
77.97
29.6
23.65
32.56
35.52
101.6
428.57
509.75
42.35%
66.09
75.58
89.68
76.24
81.63
83.49
64.31
78.81
24.1
38.88
103.8
96.85
135.72
18.99%
92.91
116.18
55.01
112.94
107.95
91.53
24.01
42.66
27.9
39.32
106.4 106.8
536.19
580.89
19.62%
76.54
82.27
64.44
105.21
73
94.31
32.49
44.29
31.24
34.88
457.64
209.62
17.56%
134.17
184.12
118.04
130.22
127.3
121.63
218.04
215.93
32.9
32.05
111.3
229.18
9.34
1.14%
52.75
63.86
63.47
96.34
140.02
282.79
4.56
13.03
36.78
55.91
117.2
892.01
-1431.14
-34.96%
96.57
89.79
90.02
303.09
146.63
138.16
50.89
50.33
34.76
41.08
125.4
6.1
182.52
173.9
13.01%
50.55
49.92
30.02
29.96
31.31
33.59
21.39
22.16
8.1
9.73
150.76
201.24
16.21%
72.11
72.48
50.45
46.91
35.3
40.89
24.89
24.61
2.54
6.5
7.1
474.13
535.71
15.80%
20.62
21.23
52.08
37.72
40.49
35.28
17.75
18.48
17.78
16.37
7.2
87.5
48.46
11.33%
30.68
61.79
32.53
7.31
87.76
92.16
8.31
7
24.63
31.01
7.9
62.7
79.74
9.34%
17.54
16.34
99.78
123.43
49.98
60.56
26.83
30.1
31.96
33.69
12.2
16.66
17.23
5.48%
145.03
165.68
97.23
64.5
21.6
20.76
1.81
1.86
3.45
0.47
20.1
33.62
59.93
9.14%
93.22
112.87
36.36
16.99
25.09
27.17
2.96
1.57
1.41
1.41
22.4
40.26
23.39
4.52%
108.98
98.14
138.02
138.68
33.61
16.02
0.43
0.45
9.69
8.04
30.1
48.35
49.79
12.25%
117.14
126.96
110.05
97.67
58.1
49.17
7.21
7.36
10.29
6.26
32.8
103.54
121.27
12.05%
95.28
114.07
117.36
109.36
17.33
26.09
41.34
23.24
3.37
3.98
36.3
81.61
48.37
8.23%
73.55
103.82
34.04
32.75
53.25
73.76
1.23
1.41
9.65
10.44
37.3
129.44
185.11
43.46%
182.89
203.29
17.39
59.42
94.23
104.87
8.87
21.48
3.35
1.93
39.1
51.46
50.29
12.12%
75.95
77.61
63.43
51.38
55.08
76.53
7.02
4.52
23.17
24.49
40.6 41.3
55.69
6.97%
55.71
66.86
95.41
93.74
56.17
56.37
2.38
1.99
26.94
25.8
2401.3
27.44%
52.61
53.88
39.76
35.1
69.43
72.76
6.44
5.71
15.44
14.61
41.7
83.71
36.13
6.36%
55.96
91.22
66.86
115.68
0.79
1.8
8.6
10.17
32.74
34.77
42.2
30.98
38.13
9.49%
47.61
42.48
70.92
57.88
41.54
36.4
8.62
6.03
48.44
38.34
42.8
220.94
21.84
2.18%
422.9
473.25
423.87
388.25
28.04
33.16
17.41
15.36
2.8
2.59
43.5
29.33
31.17
6.98%
59.12
54.38
23.53
30.02
19.84
23.5
19.78
18.47
20.68
28.07
45.2
33.23
29.17
3.73%
56.51
63.52
47.33
71.85
49.67
54.85
9.17
9.5
4.25
3.48
46
270.26
267.52
10.67%
69.11
78.26
115.22
120.98
26.15
25.95
26.21
22.06
11.64
12.22
47.2
33.14
43.66
8.78%
20.62
17.67
90.25
67.73
39.97
42.49
11.49
12.78
20.03
21.71
48.3
27.35
36.96
4.56%
27.02
39.16
73.76
59.01
14.68
26.53
11.68
14.85
20.96
32.56
48.4
80.27
135.01
6.78%
25.61
24.5
94.02
84.38
24.64
26.8
2.37
1.99
44.55
45.69
49.1
15.91
7.62
1.13%
44.65
24.74
83.66
48.03
92.91
1680.92
9.15
2.56
28.93
13.29
50.7
168.49
156.11
12.54%
80.56
75.19
48.4
54.36
74.72
84.83
27.4
32.15
2.89
2.51
51.7
36.33
8.17
0.77%
22.76
24.14
60.83
38.17
36
49.94
4.65
9.2
73.32
34.92
53.6
301.21
242.81
7.81%
39.09
37.43
79.05
78.52
41.59
34.91
14.15
20.53
22.61
26.1
54.8
61.05
-13.9
-1.91%
32.74
36.65
127.41
127.77
32.5
39.18
6.39
8.82
10.63
6.6
54.8
-18.39
-45.22
-11.65%
15.95
9.9
279.76
292.61
52.45
50.19
8.69
6.98
9.98
6.29
57.2
150.57
186.15
10.54%
103.06
101.61
102.15
116.81
62.98
63.14
15.59
24.09
28.34
26.78
57.9
49.55
31.82
6.77%
55.18
61.28
141.87
132.83
67.85
89.55
9.06
8.74
36.73
32.41
58.1
86.84
54.2
3.79%
27.49
30.66
53.68
39.11
49.83
56.6
8.63
9.8
36.07
37.57
58.1
21.46
31.08
10.09%
196.75
113.56
101.63
84.12
122.74
94.92
12.64
10.49
93.81
95.86
58.6 59.5
28.88
-12.47
-2.17%
58.5
54.51
62.45
62.6
254.2
216.61
8.37
6.15
58.1
56.74
505.22
384.99
16.73%
63.09
57.16
80.47
101.07
85.3
72.16
45.54
59.87
40.03
30.28
61
1180.74
1223.9
25.70%
193.51
196.85
373.68
360.99
207.85
180.8
63.88
95.54
6.79
11.97
61.4
-4.45
-72.7
-19.79%
69.11
79.32
100.19
72.54
156.06
73.34
4.3
10.34
17.05
44.42
66.5
-377.53
-483.72
-28.12%
529.75
427.08
490.71
552.46
193.52
136.73
37.3
24.11
18.12
17.8
71.2
41.68
49.91
8.42%
16.47
11.97
987.48
1171.52
261.07
338.29
82.51
134.05
7.88
7.43
71.5
23.44
9.4
2.51%
50.98
67.43
55.41
44.38
12.11
14.17
0.29
0.23
1.94
8.02
39.3
63.43
114.28
15.25%
NA
48
41.26
10.15
NA
5.92
NA
18.05
NA
6.47
44.3
86.52
52.96
4.11%
50.44
51.8
31.74
19.44
28.57
24.85
0
0.08
17.01
13.09
44.8
69.44
73.35
18.25%
39.42
45.27
59.72
20.79
38.92
26.22
0
0.2
15.77
18.51
49.1
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
eLecTroNIcS
59.61 1947.2
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
51
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
5
Pennar Industries Ltd.
Cold rolled coils, strips, sheets
6
Vallabh Steels Ltd.
Cold rolled coils, strips, sheets
7
S P S Steels Rolling Mills Ltd.
Steel castings
8
Sujana Universal Inds. Ltd.
9
Nalwa Steel & Power Ltd.
10
537.85
Cost of Goods Sold (Rs Crore)
2009 629.2
2008
2009
422.38
494.65
COGS/ 2009 Net Sales 78.62%
Net Fixed Assets (Rs Crore) 2008 127.99
Fixed Asset Turnover Ratio (FATR)
2009 134.52
2009 0.58%
320
303.01
259.71
261.35
86.25%
19.14
18.11
4.76%
348.74
963.07
339.67
834.19
86.62%
35.28
165.1
0.52%
Cast iron castings
912.77
1178.86
873.3
1191.37
101.06%
193.9
213.31
0.47%
Sponge iron
529.79
637.71
348.88
468.13
73.41%
237.04
235.73
0.31%
Welspun Power & Steel Ltd.
Sponge iron
321.85
340.56
212.65
251.15
73.75%
444.79
299.57
0.25%
11
Jai Corp Ltd.
Clad, plated or coated flat rolled products
434.93
426.34
253.13
293.4
68.82%
232.68
232.61
0.30%
12
Avon Ispat & Power Ltd.
Cold rolled coils, strips, sheets
427.62
564.89
376.34
492.12
87.12%
107.21
101.66
0.86%
13
Steelco Gujarat Ltd.
Cold rolled coils, strips, sheets
365.18
428.02
286.71
342.28
79.97%
78.48
71.96
1.11%
14
Sujana Metal Products Ltd.
Flat products
750.53
1880.69
741.31
1841.26
97.90%
268.95
394.26
0.25%
15
Mahindra Ugine Steel Co. Ltd.
Alloy steel
920.79
1073.49
702.15
865.65
80.64%
292.4
326.02
0.25%
16
S K M Steels Ltd.
Stainless steel bars & rods
924.29
924.93
920.52
824.02
89.09%
6.72
7.9
11.28%
17
Kalyani Carpenter Special Steels Ltd.
Alloy steel
677.75
758.62
520.03
645.96
85.15%
137.07
180.36
0.47%
18
Kirloskar Ferrous Inds. Ltd.
Pig iron
736.18
698.41
528.06
504.48
72.23%
273.78
331.63
0.22%
19
Lloyds Metals & Engineers Ltd.
Sponge iron
329.67
527.5
302.41
476.12
90.26%
201.05
247.09
0.37%
20
R L Steels & Energy Ltd.
Semi-finished Steel
348.27
451.67
298.89
369.07
81.71%
82.61
83.43
0.98%
21
Godawari Power & Ispat Ltd.
Semi-finished Steel
819.72
1039.45
691.24
848.33
81.61%
396.37
551.36
0.15%
22
Monnet Ispat & Energy Ltd.
Semi-finished Steel
1205.68
1592.21
911.52
969.92
60.92%
1303.43
1436.55
0.04%
23
Bhuwalka Steel Inds. Ltd.
Flat products
516.21
486.27
518.99
458.2
94.23%
60.02
76.74
1.23%
24
Rathi Steel & Power Ltd.
Bars & rods
518.5
772.2
500.54
651.65
84.39%
282.4
325.65
0.26%
25
Scan Steels Ltd.
Stainless steel bars & rods
26
Maheshwary Ispat Ltd.
Sponge iron
27
Ahmednagar Forgings Ltd.
Forgings
28
Lloyds Steel Inds. Ltd.
Hot rolled coils, strips, sheets
29
Sree Metaliks Ltd.
Sponge iron
30
Ankit Metal & Power Ltd.
Finished Steel (Non-Alloy Steel)
31
I S M T Ltd.
Alloy steel
32
Jayaswal Neco Inds. Ltd.
Pig iron
33
Ispat Industries Ltd.
Hot rolled coils, strips, sheets
34
Sathavahana Ispat Ltd.
269.34
398.3
237.73
356.95
89.62%
176.47
200.09
0.45%
434.6
415.05
400.28
364.41
87.80%
397.04
468.85
0.19%
597.49
657.76
468.36
553.28
84.12%
392.96
537.88
0.16%
2208.16
2582.37
1683.46
2233.13
86.48%
1042.01
978.24
0.09%
296.93
377.25
204.38
241.78
64.09%
243.36
289.43
0.22%
283.83
506.33
252.39
450.53
88.98%
162.05
176.88
0.50%
1220.2
1309.27
821.88
876.05
66.91%
1021.47
1147.67
0.06%
1477.04
1611.11
1021.59
1090.35
67.68%
460.27
1191.26
0.06%
8600.27
8300.28
5896.88
5995.98
72.24%
9316.97
8990.77
0.01%
Pig iron
356.53
550.57
353.63
374.36
67.99%
253.4
249.73
0.27% 0.05%
35
Jai Balaji Inds. Ltd.
Semi-finished Steel
1322.62
1718.54
1091.12
1311.35
76.31%
1125.7
1515.78
36
Electrotherm (India) Ltd.
Semi-finished Steel
1328.89
1687.85
985.16
1354.88
80.27%
689.03
1097.19
0.07%
37
Sunflag Iron & Steel Co. Ltd.
Other alloy steel
957.53
1063.3
741.81
855.02
80.41%
342.21
404.44
0.20% 0.85%
38
Impex Ferro Tech Ltd.
Ferro alloys
264.06
376.32
208.18
344.38
91.51%
83.26
108.28
39
Balasore Alloys Ltd.
Ferro alloys
539.78
645.72
353.35
450.69
69.80%
380.29
386.76
0.18%
40
Viraj Profiles Ltd.
Flat products
4006.19
3684.02
3014.07
2450.45
66.52%
487.52
643.06
0.10%
41
Uttam Galva Steels Ltd.
Flat products
3185.74
4431.75
2784.89
3610.97
81.48%
1598.3
2197.82
0.04%
42
J S W Steel Ltd.
Hot rolled coils, strips, sheets
11442.8
13947.36
7010.73
9869
70.76%
16567.92
22328.5
0.00%
479.28
372.76
438.32
279.75
75.05%
38.33
58.1
1.29%
451.71
554.48
430.99
537.13
96.87%
38.61
86.52
1.12%
20446.38
24798.01
6404.31
9318.89
37.58%
12623.56
14482.22
0.00% 0.25%
43
Facor Steels Ltd.
Flat products
44
Ruchi Strips & Alloys Ltd.
Cold rolled coils, strips, sheets
45
Tata Steel Ltd.
Finished Steel (Non-Alloy Steel)
46
S A L Steel Ltd.
Sponge iron
378.35
385.26
259.95
319.02
82.81%
340.38
333.42
47
Indian Steel Corpn. Ltd.
Clad, plated or coated flat rolled products
717.67
908.65
630.45
795.17
87.51%
282.48
375.67
0.23%
48
Jindal Steel & Power Ltd.
Finished Steel (Non-Alloy Steel)
5395.57
7795.59
2056.82
3312.59
42.49%
5954.55
8985.45
0.00%
49
Bhushan Steel Ltd.
Cold rolled coils, strips, sheets
4228.05
4978.61
3605.24
3429.21
68.88%
6327
9286.1
0.01%
50
Mukand Ltd.
Flat products
1979.36
2004.99
1289
1194.91
59.60%
905
2160.12
0.03% 0.25%
51
Shah Alloys Ltd.
Stainless steel
921.93
763.36
792.29
732.52
95.96%
420.03
389.7
52
Mishra Dhatu Nigam Ltd.
Ferro alloys
260.96
314.05
189.83
225.6
71.84%
30.56
63
1.14%
53
Adhunik Metaliks Ltd.
Finished Steel (Non-Alloy Steel)
1050.04
1188.45
754.88
737.77
62.08%
847.43
1118.33
0.06%
54
Essar Steel Ltd.
Hot rolled coils, strips
10931.45
11832.33
6052.26
7000.71
59.17%
9849.01
9678.43
0.01%
55
Visa Steel Ltd.
Pig iron
692.44
1047.35
711.46
904.46
86.36%
995.91
1319.16
0.07%
56
J S L Ltd.
Flat products
5255.21
4958.52
5198.95
3531.51
71.22%
4785.74
5966.44
0.01%
FooD & BeVerAGes 1
Vikas W S P Ltd.
Guar gum
319.86
361.92
225.51
225.42
62.28%
542.66
655.82
0.09%
2
Vimal Oil & Foods Ltd.
Cotton seed oil
635.01
623.49
589.31
571.86
91.72%
20.35
30
3.06%
3
Vijay Solvex Ltd.
Vanaspati
646.64
549.07
623.09
471.38
85.85%
33.46
31.64
2.71%
4
Shiva Distilleries Ltd.
Indian made foreign liquors
341.79
408.92
112.6
136.32
33.34%
12.55
18.21
1.83%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
52
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
66.32
75.82
12.05%
45.54
44.1
23.95
9.5
24.1
25.31
21.21
24.69
4.37
2.31
50.4
10.42
9.7
3.20%
58.44
59.67
51.84
31.72
27.73
24.09
15.95
9.85
9.67
6.57
51.4
16.78
46.26
4.80%
70.33
42.61
114.06
51.26
15.77
29.16
0
0.54
9.56
7.97
51.9
75
93.37
7.92%
106.47
81.77
41.4
48.1
3.46
12.78
0.22
0.85
7.85
20.04
53.7 55.5
19.11%
12.85
22.81
32.42
33.32
35.9
42.87
0.11
0.11
15.16
14.98
73.02
21.44%
18.62
32.03
81.92
62.36
46.82
44.68
0.5
0.41
10.45
11.12
56
153.38
60.23
14.13%
55.92
75.87
26.74
18.67
66.15
39.97
9.17
8.47
14.07
15.85
57.2
35.14
40.07
7.09%
87.47
76.81
77.38
64.76
16.54
13.85
27.19
18.38
13.38
12.25
59.5
14.51
20.75
4.85%
33.94
40.11
122.97
92.44
25.95
23.93
6.35
7.13
13.57
7.4
59.8 62.8
69.19
117.23
6.23%
81.44
44.79
68.97
18.85
47.36
22.36
27.94
0.55
23.2
21.78
105.21
41.53
3.87%
63.38
59.65
59.53
52.08
46.42
32.14
24.61
22.15
2.15
2.73
62.9
28.25
22.17
2.40%
NA
53.94
4.28
6.39
NA
10.36
NA
29.76
NA
15.18
63.2
47.43
22.42
2.96%
55.95
52.36
75.9
54.63
38.12
31.87
19.07
21.67
2.43
3.47
63.7
87.72
52.77
7.56%
38.28
38.27
103.36
72.45
36.03
38.4
4.99
6.16
5.45
5.32
65.4
19.66
52.55
9.96%
15.88
8.66
170.82
145.74
23.03
22.5
0.93
0.66
9.76
7.6
66.2
31.16
34.59
7.66%
28.3
25.79
29.69
29
27.55
28.39
4.94
3.76
19.22
18.35
66.2 69.3
162.02
125.14
12.04%
13.57
12.3
20.64
18.82
48.49
42.25
0.29
0.32
13.95
17.27
298.98
403.09
25.32%
20.94
23.13
47.02
48.22
55
47.57
2.21
0.73
24.96
21.69
71.8
22.21
5.95
1.22%
20.18
19.52
28.4
52.93
20.41
21.69
0.75
0.58
19.88
26.79
73.7 74.5
27.47
50.58
6.55%
22.71
18.71
35.01
35.91
22.49
30.99
0
1.14
25.27
21.16
34.75
45.04
11.31%
37.27
18.81
55.33
31.93
65.33
45.54
10.29
4.83
22.57
14.18
76
61.6
71
17.11%
49.77
94.35
99.49
166.81
145.78
227.31
0.19
0.25
8.87
16
78.8 79.5
122.54
112.15
17.05%
27.64
31.39
85.7
124.77
15.37
16.71
39.33
45.58
6.47
12.29
72.8
-105.4
-4.08%
18.39
16.19
109.23
135.46
26.36
22.94
23.06
11.14
7.07
3.73
80.1
88.79
79.6
21.10%
27.76
28.34
83.78
63.25
63.17
55.28
1.71
1.97
28.41
37.46
80.7
52.68
41.76
8.25%
38.1
40.35
75.92
67.48
155.09
91.14
8.46
4.53
13.68
10.53
81
248.4
186.21
14.22%
75.02
62.73
92.56
82.26
66.83
67.73
20.53
23.6
13.56
13.8
81.5
178
149.59
9.28%
25.97
27.46
22.3
64.4
49.74
54
3.91
6.6
17.63
15.59
81.7
1419.99
387.53
4.67%
23.9
22.7
121.13
169.02
68.91
89.81
0.58
0.43
8.29
5.59
81.8 83.3
85.98
61.68
11.20%
29.5
27.83
192.42
111.03
54.66
35.78
3.5
2
89.84
76.99
252.25
178.36
10.38%
52.42
45.72
72.09
68.02
127.74
103.8
0.23
1.32
14.86
16.91
84.1
208.04
253.76
15.03%
55.26
54.9
47.31
68.64
76.37
69.92
12.85
19.21
6.05
14.83
84.5
112.65
119.26
11.22%
21.63
22.2
22.16
16.25
54.4
37.86
14.08
15.91
27.5
25.31
84.5
25.67
23.27
6.18%
23.13
65.72
85.23
149.25
240.27
257.05
20.52
12.18
3.39
3.54
84.9
112.64
74.45
11.53%
5.43
5.7
133.73
170.1
135.79
129.99
0.84
0.92
4.07
7.49
86.3
307.25
263.96
7.16%
10.84
13.08
21.17
22.33
16.14
19.03
35.55
24.8
32.23
28.97
86.4
392.04
476.12
10.74%
27.23
24.38
174.32
137.44
77.54
57.31
8.2
9.77
13.43
9.15
88.2
3655.87
2290.64
16.42%
8.96
9.32
136.47
213.63
50.05
41.28
2.1
3.16
12.12
17.76
90.1
13.99
9.46
2.54%
17.33
21.67
73.47
60.85
24.38
32.31
18.13
22.58
18.87
26.44
90.7
13.96
-13.66
-2.46%
60.57
68.09
117.64
100.3
84.91
75.41
24.07
38.87
11.49
9.19
91.3
8813.03
9813
39.57%
10.24
8.42
90.74
109.48
104.93
87.68
2.6
2.58
22.47
20.91
92.8
73.12
53.23
13.82%
10.69
6.06
83.4
70.46
61.86
61.35
4.14
4.1
21.34
21.73
94
49.9
-6.37
-0.70%
28.1
39.07
119.77
82.48
49.96
59.44
20.46
14.78
19.13
14.24
94.1
2161.88
2652.15
34.02%
18.33
14.84
92.13
150.47
68.13
52.27
7.63
5.5
34.1
29.77
97.2
1164.85
1613.7
32.41%
45.35
42
108.87
111.13
58.47
76.71
14.38
15.3
25.96
25.56
97.2
295.89
-7.17
-0.36%
96.24
105.92
101.19
125.43
39.85
41.02
36.43
39.97
28.09
28.87
98.8
-91.91
-84.74
-11.10%
19.73
23.73
30.01
61.67
31.03
37.94
6.19
10.11
31.71
28.97
99.8
56.98
64.87
20.66%
NA
93.91
449.63
386.04
NA
149.74
NA
330.47
NA
21.91
100.2
182.1
216.54
18.22%
47.83
47.5
112
107.58
68.85
81.04
45.93
43.9
28.5
34.66
105.3
2205.11
1822.42
15.40%
14
11.19
124.6
88.22
101.71
89.91
29.67
25.87
16.94
17.02
105.6
118.3
18.23
1.74%
37.28
30.88
250.11
303.65
154.3
82.27
2.79
3.24
38.48
44.21
113.8
874.29
-204.3
-4.12%
42.71
45.4
157.98
240.49
62.51
80.14
25.13
38.96
40.77
52.57
122.4
94.72
154.96
42.82%
64.7
41.12
35.07
27.69
81.67
15.96
0.03
0.03
21.4
43.59
51.6
16.26
11.54
1.85%
27.25
41.57
26.09
38.78
27.01
21.32
0.12
0.12
10.9
10.81
55.5
22.27
14.83
2.70%
18.14
20.25
16.86
20.09
18.79
15.3
0.39
0.97
12.09
16.76
58.2
36.69
55.45
13.56%
9.22
8.78
23.15
22.11
21.72
24.38
3.59
3.82
0.32
0.93
61.5
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
ferrouS
121.86
METALS
95.51 78.63
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
53
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
Net Fixed Assets (Rs Crore)
2008
2009
360.09
633.3
306.23
568.85
Dairy products
333.11
582.87
323.54
552.46
94.78%
Milk
867.24
1011.78
740.92
792.27
78.30%
Heritage Foods (India) Ltd.
Milk
618.95
786.44
519.34
655.56
83.36%
209.18
5
Hind Agro Inds. Ltd.
Meat of buffaloes
6
Kwality Dairy (India) Ltd.
7
Hatsun Agro Products Ltd.
8
2009
COGS/ 2009 Net Sales 89.82%
2008 89.19
2009
Fixed Asset Turnover Ratio (FATR) 2009
86.92
1.03%
8.37
9.06
10.46%
175.42
294.57
0.27%
217.66
0.38% 0.74%
9
Modern Dairies Ltd.
Skimmed milk powder
412.88
459.81
394.52
385
83.73%
110.3
113.43
10
Varun Beverages Ltd.
Soft drinks
367.18
453.75
246.52
314.39
69.29%
318.94
374.74
0.18%
11
Kohinoor Foods Ltd.
Rice
634.86
636.04
647.76
574.21
90.28%
69.39
65.33
1.38%
12
John Distilleries Ltd.
Indian made foreign liquors
313.07
346.45
230.2
307.44
88.74%
30.41
62.04
1.43%
13
Britannia Industries Ltd.
Biscuits
2596.46
3118.7
1471.52
1882.57
60.36%
250.7
283.85
0.21% 5.57%
14
B C L Industries & Infrastructures Ltd.
Edible oils
404.93
467.63
361.8
421.16
90.06%
16.43
16.17
15
Chitali Distillery Ltd.
Rectified spirit
313.07
346.45
230.2
307.44
88.74%
30.41
62.04
1.43%
16
Sanwaria Agro Oils Ltd.
Soyabean oil cake
748.01
811.62
630.8
673.27
82.95%
131.36
131.33
0.63% 0.23%
17
Balaji Distilleries Ltd.
Indian made foreign liquors
535.19
679.25
178.08
233.95
34.44%
128.16
150.69
18
Amrit Banaspati Co. Ltd.
Vanaspati
759.53
804.46
707.79
700.22
87.04%
35.44
44.41
1.96%
19
Saraswati Sugar Mills Ltd.
Sugar
313.53
310.3
354.11
268.75
86.61%
134.88
141.96
0.61%
20
Jay Shree Tea & Inds. Ltd.
Tea
282.51
417.63
182.89
314.86
75.39%
146.49
159.64
0.47%
21
Riddhi Siddhi Gluco Biols Ltd.
Starches
332.99
535.25
256.16
439.77
82.16%
290.24
324.69
0.25%
22
E I D-Parry (India) Ltd.
Sugar
675.7
1632.91
514.73
455.88
27.92%
662.25
894.23
0.03%
23
S S A International Ltd.
Rice
381.77
458.35
382.32
346.49
75.60%
26.67
46.73
1.62%
24
Amalgamated Bean Coffee Trading Co. Ltd.
Coffee
467.93
565.92
340.24
343.72
60.74%
340.41
448.41
0.14%
25
Sakthi Sugars Ltd.
Sugar
695.91
1033.06
476.81
627.05
60.70%
892.15
1558.6
0.04%
26
Radico Khaitan Ltd.
Indian made foreign liquors
805.68
665.63
386.13
282.33
42.42%
388.15
477.67
0.09%
27
Adani Wilmar Ltd.
Edible oils
3446.36
5869.74
3173.91
5024.96
85.61%
278.23
410.61
0.21%
28
Gokul Refoils & Solvent Ltd.
Edible oils
2019.9
2699.08
1921.05
2390.1
88.55%
168.93
273.16
0.32% 0.07%
29
United Spirits Ltd.
Ethyl alcohol (strength less than 80%)
3134.19
4049.34
1216.03
1829.25
45.17%
529.42
621.37
30
Venky’s (India) Ltd.
Poultry
525.08
572.57
399.16
442.27
77.24%
122.7
126.16
0.61%
31
Gujarat Ambuja Exports Ltd.
Soyabean oil cake
1845.58
1658.54
1612.93
1183.99
71.39%
267.3
248.74
0.29%
32
Ugar Sugar Works Ltd.
Sugar
437.59
428.1
169.23
276.79
64.66%
217.35
219.73
0.29%
33
Balrampur Chini Mills Ltd.
Sugar
1384.57
1470.08
1578.67
1226.18
83.41%
1958.72
1884.23
0.04%
34
J V L Agro Inds. Ltd.
Vanaspati
1159.64
1391.1
1079.92
1282.04
92.16%
54.31
110.8
0.83%
35
Thiru Arooran Sugars Ltd.
Sugar
344.94
348.39
157.65
140.86
40.43%
147.91
144.05
0.28%
36
Skol Breweries Ltd.
Beer
1135.55
1412.75
407.6
460.42
32.59%
1023.38
1152.1
0.03%
37
Jagatjit Industries Ltd.
Liquors
549.93
576.38
347.45
399.96
69.39%
333.67
376.58
0.18%
38
Anik Industries Ltd.
Dairy products
750.91
1035.06
785.66
888.66
85.86%
92.8
99.78
0.86%
39
Dhampur Sugar Mills Ltd.
Sugar
609.98
670.15
727.99
641.36
95.70%
984.68
1004.31
0.10%
40
Shree Renuka Sugars Ltd.
Sugar
733.7
1750.52
425.05
1378.34
78.74%
770.03
1205.1
0.07%
41
Godfrey Phillips India Ltd.
Cigarettes
899.2
1127.99
424.07
615.21
54.54%
153.37
259.79
0.21%
42
Marico Ltd.
Edible oils
1566.89
1914.5
851.93
1096.81
57.29%
146.09
161.52
0.35% 0.29%
43
Venkateshwara Hatcheries Pvt. Ltd.
Poultry
1281.41
1677.12
1112.25
1349.98
80.49%
238.65
278.85
44
Rajshree Sugars & Chemicals Ltd.
Sugar
335.72
353.65
259.19
236.8
66.96%
354.73
412.83
0.16%
45
Bannari Amman Sugars Ltd.
Sugar
541.06
713.29
521.31
394.97
55.37%
436.68
533.55
0.10%
46
Nestle India Ltd.
Dairy products
3498.16
4306.29
1900.19
2215.07
51.44%
675.53
862.16
0.06%
47
Sir Shadi Lal Enterprises Ltd.
Sugar
168.42
309.16
387.3
220.37
71.28%
131.24
116.44
0.61%
48
Ruchi Soya Inds. Ltd.
Soyabean oil
11067.61
12449.18
10354.31
11017.08
88.50%
1235.75
1431.2
0.06%
325.88
335.85
163.8
254.07
75.65%
246.54
243.75
0.31%
345.7
382.57
176.17
238.35
62.30%
121.72
130.87
0.48% 0.08%
49
Tata Coffee Ltd.
Coffee
50
V S T Industries Ltd.
Cigarettes
51
Shree Ambika Sugars Ltd.
Sugar
52
Glaxosmithkline Consumer Healthcare Ltd.
Malted milk foods
53
Upper Ganges Sugar & Inds. Ltd.
Sugar
54
K M Sugar Mills Ltd.
Sugar
55
I T C Ltd.
Cigarettes
56
Uttam Sugar Mills Ltd.
Sugar
357.39
462.68
294.36
177.87
38.44%
439.14
486.8
1322.37
1625.22
520.15
675.88
41.59%
243.33
226.12
0.18%
319.82
305.2
426.47
280.28
91.83%
373.42
450.83
0.20% 0.95%
111.75
300.25
144.98
296.59
98.78%
119.27
104.17
14400.6
15362.85
7028.14
7775.24
50.61%
7295.65
8485.97
0.01%
276.6
371.84
318.66
420.5
113.09%
507.37
556.08
0.20%
57
Foods, Fats & Fertilisers Ltd.
Vegetable oils
454.89
479.89
356.68
362.41
75.52%
78.17
82.41
0.92%
58
Cadbury India Ltd.
Chocolate confectionery
1282.63
1573.49
526.61
700.06
44.49%
271.17
375.25
0.12%
59
Simbhaoli Sugars Ltd.
Sugar
653.09
433.48
468.21
323.76
74.69%
549.67
604.96
0.12%
60
Oudh Sugar Mills Ltd.
Sugar
441.55
334.88
459.38
412.94
123.31%
419.14
594.46
0.21%
61
Desai Brothers Ltd.
Bidis
467.29
528.02
345.37
377.14
71.43%
45.48
44.47
1.61%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
54
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
19.01
27.75
4.38%
53.01
38.44
33.21
44.01
2.47
1.12
0.68
0.4
51.51
33.21
61.9
12.85
26.39
4.53%
48.49
69.26
71.19
60.1
1.16
0.78
2.05
2.65
22.29
16.49
62.6
56.49
62.24
6.15%
4.25
4.24
28.82
22.48
5.6
6.69
1.61
1.63
7
6.71
63.4
21.36
3.59
0.46%
4.35
5.04
40.56
29.89
16.01
12.88
0.07
0.08
16.87
13.85
65
27.8
-12.36
-2.69%
22.87
20.2
28.7
18.04
4.69
5.42
0.79
1.09
29.82
25.77
65
60.54
73.49
16.20%
32.57
49.55
64.15
46.52
46.84
56.08
1.75
1.03
6.55
7.4
65.7
44.9
43.63
6.86%
69.99
72.73
15.64
21.28
31.19
17.67
0.13
0.03
241.41
296.19
66.4
1.46%
18.45
20.03
12.84
12.08
19.65
19.41
4.76
5.47
1.65
2.44
69
7.32%
5.45
5.91
37.46
33.01
45.99
42.22
0.03
0.04
10.64
8.93
69.7 71.6
8.44
18.83
4.03%
11.43
20.95
32.18
31.72
33.6
31.91
2.82
1.74
6.93
7.67
17.93
5.07
1.46%
NA
20.03
12.87
12.1
NA
19.41
NA
5.47
NA
2.44
71.7
77.18
73.23
9.02%
18.29
23.24
24.92
18.72
84.99
76.16
0.55
0.6
9.59
13.15
72.2 75.3
41.03
27.77
4.09%
7.19
6.16
57.41
55.23
17.63
18.32
3.84
3.64
0.26
0.77
10.56
13.54
1.68%
6.77
6.3
24.17
14.39
22.15
18.53
3.7
3.03
10.75
10.95
76
3.02
33.17
10.69%
9.66
14.81
33.26
44.88
10.87
10.99
0.18
0.23
105.45
143.92
77.3 78.7
26.08
35.49
8.50%
32.4
41.43
33.57
63.32
77.59
35.78
1.12
0.58
29.9
27.81
54.84
63.29
11.82%
68.35
44.42
24.38
13.83
114.69
61.36
7.75
6.59
5.75
6.33
79
38.89
979.59
59.99%
53.68
54.65
80.03
89.38
9.23
11.52
4.78
5.43
82.46
54.72
80.9
21.31
25.62
5.59%
16.45
18.15
32.28
29.79
57.16
90.68
0.01
0.01
58.11
49.9
83.1
70.77
99.39
17.56%
55.37
49.09
90.72
53.69
109.97
40.59
0
1.2
33.92
56.77
83.9
154.65
107.8
10.44%
23.8
9.18
77.29
130.45
30.71
23.84
2.34
1.27
14.24
8.11
84.6
104.16
57.81
8.69%
40.51
49.33
25.02
28.37
54.86
54.21
5.42
6.13
9.55
11.9
84.8
152.36
183.35
3.12%
11.36
9.14
107.7
40.4
49.71
43.65
0.53
0.25
20.64
14.4
85.2
121.08
86.66
3.21%
16.59
11.69
56.64
44.48
37.5
36.22
0.29
0.28
23.55
23.29
86.6
633.21
651.24
16.08%
25.92
26.67
53.07
44.45
31.91
28.5
28.52
33.54
8.88
9.11
87
59.02
47.98
8.38%
32.3
33.17
34.95
33.25
28.87
25.75
15.03
15.18
22.66
20.39
87.6
159.14
91.35
5.51%
15.75
17.01
21.57
28.42
54.27
73.2
0.53
0.74
26.39
26.04
88.6
57.68
62.14
14.52%
22.61
25.32
110.44
91.2
18.48
17.4
3.24
1.45
151.33
135.12
89.1
112.06
342.61
23.31%
12.51
11.2
73.07
48.31
17.86
21.99
0.25
0.3
62.37
115.7
89.6
36.63
43.45
3.12%
15.28
19.93
105.49
69.51
61.6
51.02
1.34
1.24
9.53
10.75
90.3
9.4
34.76
9.98%
9.84
12.95
132.58
69.7
13.8
23.19
1.92
1.5
113.57
67.1
90.6
138.21
72.27
5.12%
46.69
53.59
87.56
81.73
34.61
29.69
7.1
6.74
9.33
11.66
90.7
42.45
21.71
3.77%
53.39
52.39
57.67
60.21
59.15
61.51
1.76
1.27
20.3
23.63
92.8
55.45
38.88
3.76%
64.4
64.75
117.73
100.01
4.5
4.16
13.67
15.21
42.12
38.87
93.1
15.01
99.22
14.81%
28.59
32.36
130.28
65.29
20
20.48
0.49
1.05
52.06
107.91
93.7
119.92
213.84
12.22%
22.18
8.87
48.28
33.98
36.48
44.27
2.08
2.17
36.7
14.97
93.7
193.88
199.12
17.65%
4.01
4.39
35.71
39.75
228.14
279.71
2.05
2.42
11.23
14.25
95.3 95.9
196
208.08
10.87%
10.11
10.26
52.12
41.65
40.79
36.54
11.74
13.42
19.19
18.85
39.59
98.75
5.89%
10.8
10.28
72.42
57.72
12.27
9.8
31.74
26.41
17.98
22.34
96
26.08
92.71
26.22%
24.91
16.03
159.73
116.61
12.12
16.6
2.44
3.36
88.85
89.9
96.2
81.66
175.7
24.63%
50.16
38.07
72.38
72.22
23.61
27.1
3.17
2.77
175.58
165.04
97.4
646.91
869.55
20.19%
5.73
4.28
53.74
50.23
28.31
28.17
6.13
5.85
19.06
20.43
98.6
-20.66
40.6
13.13%
9.17
6.34
27.23
22.25
17.95
23.88
2.73
3.55
190.17
186.42
99.3
423.44
366.44
2.94%
30.95
31.11
96.48
87.27
43.06
50.22
1.16
0.9
20.06
20.96
100.5
61.45
51.75
15.41%
55.94
50.53
81.68
133.34
63.04
66.09
2.19
1.23
73.04
101.56
102.5
99.79
89.16
23.31%
2.26
1.67
98.55
78.76
212.48
285.63
3.5
3.93
7.59
7.96
102.8
12.99
52.9
11.43%
62.53
38.58
174.99
114.87
64.58
51.65
2.49
1.33
130.56
101.28
104.1
285.56
330.56
20.34%
7.32
7.57
66.26
60.45
43.39
49.11
4.35
4.85
31.09
32.87
104.7
-9.37
54.25
17.78%
6.1
9.77
101.23
79.84
8.73
14.05
1.55
2.76
138.94
210.25
104.9
-7.34
14.9
4.96%
14.78
7.24
101.99
51.67
16.14
32.06
0.94
1.5
62.78
53.56
104.9
4939.36
5349.9
34.82%
12.19
11.55
58.57
56.31
199.56
202.02
2.89
3.31
21.32
25.54
107.3
24.85
53.73
14.45%
3.1
2.63
84.26
132.5
6.28
6.94
0
2.48
52.89
95.62
109.4
44.08
49.24
10.26%
23.53
27.41
103.61
58.76
133.13
101.3
31.57
33.86
26.89
21.09
110.6
177.23
238.29
15.14%
3.92
4.08
103.55
98.32
39.85
38.54
8.24
8.13
16.61
21.01
113.5
-4.29
25.96
5.99%
14.84
19.4
73.38
83.4
30.95
22.98
9.63
9.65
47.23
74.77
114
8.96
75.75
22.62%
4.74
7.45
108.59
98.11
12.42
17.05
2.09
3.42
119.12
231.94
114.5
86.03
92.66
17.55%
3.01
3.49
75.57
70.72
156.42
182.56
5.16
6.37
22.36
23.67
116.5
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
fooD
5.07 228.25
& BEVERAGES
17.93 245.28
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
55
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore)
Cost of Goods Sold (Rs Crore)
COGS/ 2009 Net Sales
2008
2009
2008
2009
62
Triveni Engineering & Inds. Ltd.
Sugar
1903.35
1584.02
1490.88
1509.45
95.29%
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
2009
1305.86
1303.55
0.07%
63
Olam Exports (India) Ltd.
Cashew nuts
1269.39
1628.33
1355.61
1103.81
67.79%
17.64
82.33
0.82%
64
Nuziveedu Seeds Pvt. Ltd.
Agriseed
507.71
558.27
116.65
185.2
33.17%
514.62
514.9
0.06%
65
V V F Ltd.
Other fixed vegetable fats & oils
1108.4
1262.25
980.15
1057.19
83.75%
567.3
607.54
0.14%
820
934.56
607.16
705.04
75.44%
99.52
112.37
0.67%
346.11
428.37
235.73
292.05
68.18%
67.36
79.91
0.85%
GenerAtors & PoWer eQuiPMent 1
Powerica Ltd.
Generating sets with diesel engines
2
ESAB India Ltd.
Welding electrodes / sticks / wires / fluxes
3
Crompton Greaves Ltd.
Motors & generators
4093.03
4766.59
2851.86
3263.7
68.47%
515.3
523.66
0.13%
4
Siemens Ltd.
Switching apparatus
7938.13
8490.66
2900.09
3317.86
39.08%
557.05
644.18
0.06%
5
Transformers & Rectifiers (India) Ltd.
Transformers
306.2
434.25
241.76
308.97
71.15%
37.31
78.97
0.90%
6
Unitech Machines Ltd.
Electric signalling apparatus
353.5
400.99
169.3
206.71
51.55%
92.38
129.55
0.40%
2007.87
2645.68
1393.73
2014.99
76.16%
229.33
647.04
0.12%
779.82
778.31
582.3
603.25
77.51%
124.13
149.63
0.52%
7
Areva T & D India Ltd.
Switching apparatus
8
Sudhir Gensets Ltd.
Generating sets with diesel engines
9
A B B Ltd.
Switchgears
5968.1
6923.47
4253.3
5076.99
73.33%
457.87
683.34
0.11%
10
Bilpower Ltd.
Stampings & laminations
308.48
453.56
305.23
466.52
102.86%
39.65
62.77
1.64%
11
Bharat Bijlee Ltd.
Transformers
565.25
543.37
411.61
439.5
80.88%
55.78
72.6
1.11%
12
Anchor Electricals Pvt. Ltd.
Switching apparatus
830.52
900.71
507.96
540.56
60.01%
220.63
203.19
0.30% 2.08%
13
Inductotherm (India) Pvt. Ltd.
Industrial furnaces & ovens
308.58
326.02
172.03
183.57
56.31%
26.68
27.13
14
Vijai Electricals Ltd.
Transformers
1334.38
1429.89
1087.75
1270.14
88.83%
522.49
549.16
0.16%
15
Wartsila India Ltd.
Generating sets with diesel engines
274.63
352.42
184.69
218.8
62.09%
48.85
46.79
1.33%
GlAss & cerAMics 1
Owens-Corning (India) Ltd.
Glass fibres
2
Hindusthan National Glass & Inds. Ltd.
Glass containers
307.24
322.42
151.29
162.01
50.25%
355.13
338.51
0.15%
1026.25
1320.64
604.67
832.33
63.02%
892.36
988.73
0.06%
3
Vesuvius India Ltd.
4
Somany Ceramics Ltd.
Other refractories
321.36
356.43
196.34
223.62
62.74%
81.53
91.02
0.69%
Ceramic tiles
330.16
442.41
184.16
289.4
65.41%
138.34
130.02
0.50%
5
Ace Calderys Ltd.
Other refractories
321.93
413.9
212.02
289.02
69.83%
178.47
162.56
0.43%
6
Piramal Glass Ltd.
Vials for injectables
489.65
600.6
248.36
320.08
53.29%
686.95
655.4
0.08%
7
Gujarat Guardian Ltd.
Float glass & surface polished glass
423.6
448.76
141.64
189.37
42.20%
145.88
119.36
0.35%
8
Asian Granito India Ltd.
Ceramic tiles
182.35
309.04
102.57
221.93
71.81%
100.46
157.42
0.46%
9
Saint-Gobain Glass India Ltd.
Float glass & surface polished glass
948.77
1388.87
360.67
654.43
47.12%
1086.49
1149.06
0.04%
10
H E G Ltd.
Graphite carbon bricks
962.29
1038.95
494.33
523.72
50.41%
640.12
715.01
0.07%
11
Graphite India Ltd.
Graphite carbon bricks
1129.01
1144.6
634.96
737.53
64.44%
498.27
503.62
0.13%
12
Tata Refractories Ltd.
Other refractories
528.32
680.72
403.97
499.31
73.35%
176.87
177.54
0.41%
13
H S I L Ltd.
Ceramic sinks, wash basins
522.24
621.25
344.87
372.5
59.96%
262.03
528.39
0.11%
14
Kajaria Ceramics Ltd.
Ceramic tiles
503.69
669.09
394.58
455.47
68.07%
340.82
327.66
0.21% 0.38%
15
Roca Bathroom Products Pvt. Ltd.
Ceramic sinks, wash basins
329.11
300.66
258.26
191.71
63.76%
133.81
168.92
16
Nitco Ltd.
Ceramic tiles
578.31
605.44
445.34
412.81
68.18%
252.86
432.19
0.16%
17
H & R Johnson (India) Ltd. [Merged]
Glazed ceramic tiles, paving & flags
1011
1091.77
738.81
814.59
74.61%
408.83
381.42
0.20%
18
Asahi India Glass Ltd.
Toughened & laminated (safety) glass
1048.68
1225.35
709.57
699.05
57.05%
1295.37
1393.09
0.04%
0.43%
leAtHer & leAtHer ProDucts 1
Relaxo Footwears Ltd.
Slippers & chappals
305.63
407.34
221.08
280.64
68.90%
110.26
159.06
2
Superhouse Ltd.
Leather shoes
314.65
342.43
169.6
165.32
48.28%
99.22
106.41
0.45%
3
Crew B O S Products Ltd.
Leather cases of all kinds
218.17
342.82
153.3
216.59
63.18%
105.93
131.46
0.48%
4
Bata India Ltd.
Leather shoes
863.29
985.28
642.66
594.38
60.33%
104.23
117.89
0.51%
5
Mirza International Ltd.
Leather shoes
317.92
361.04
193.21
228.9
63.40%
154.56
167.42
0.38%
0.59%
MetAl ProDucts 1
Jyoti Structures Ltd.
Transmission towers & structurals
1364.62
1712.73
969.94
1232.8
71.98%
64.46
121.87
2
U I C Udyog Ltd.
Wires & ropes of iron & steel
199.76
305.84
174.34
274.15
89.64%
55.6
88.34
1.01%
3
Icomm Tele Ltd.
Other articles of iron & steel
755.4
1063
565.48
734.2
69.07%
77.09
95.21
0.73%
4
B S Transcomm Ltd.
Other articles of iron & steel
427.41
337.61
402.23
283
83.82%
26.59
53.88
1.56%
5
I T W India Ltd.
Chains & anchors of iron & steel
545.5
637.98
402.43
446.62
70.01%
68.29
89.4
0.78%
6
Kalpataru Power Transmission Ltd.
Transmission towers & structurals
1696.98
1872.87
1037.32
1332.13
71.13%
224.6
268.39
0.27%
7
Electrical Manufacturing Co. Ltd.
Transmission towers & structurals
201.57
327.44
177.78
279.75
85.44%
23.83
11.82
7.23%
8
Manaksia Ltd.
Crown caps
741.35
990.98
591.32
795.99
80.32%
349.98
347.18
0.23%
9
Gillette India Ltd.
Razors & razor blades
699.49
605.32
382.75
248.24
41.01%
107.09
94.78
0.43%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
56
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
19.04%
17.63
33.83
77.14
86.52
17.06
27.13
11.92
14.14
54.69
79.6
117.1
49.2
41.28
2.54%
18.81
13.38
33.82
86.84
91.09
122.5
10.21
9.95
88.1
66.14
129.1
220.8
246.55
44.16%
26.13
20.41
388.14
485.19
187.93
170
0
31.2
143.79
115.97
131.5
155.94
-88.98
-7.05%
56.51
54.12
168.91
168.22
85.74
75.11
22.65
20.36
42.05
45.64
131.7
16.7
135.48
136.1
14.56%
39.32
41.33
91.82
71.89
40.87
40.74
5.2
0.69
3.24
3.25
84.64
98.21
22.93%
10.17
11.43
55.99
43.32
30.25
28.88
4.28
5.29
15.18
14.75
17.1
557.1
687.59
14.43%
74.39
73.33
99.6
101.25
15.53
15.72
16.62
15.7
4.38
3.97
17.9
857.57
809.05
9.53%
78.14
123.03
143.61
193.53
26.78
29.07
2.67
2.95
5.27
5.87
18.4
58.57
73.66
16.96%
101.15
105.23
90.92
73.84
25.17
25.6
46.6
33.78
6.87
6.11
18.5
49.68
51.18
12.76%
81.28
98.32
77.6
77.14
32.78
29.85
5.51
13.84
3.3
4.01
18.7
371.54
439.27
16.60%
137.35
144.59
189.55
227.78
32.61
29.52
36.2
32.37
0.83
1.68
20.6
152.59
136.47
17.53%
27.86
37.57
63.89
48.23
38.98
43.29
4.78
10.23
2.58
6.2
20.9
800.6
899.98
13.00%
116.49
138.07
184.05
175.69
61.87
61.08
17.82
21.48
2.57
2.85
21.9
36.91
36.27
8.00%
122.16
103.5
55.53
56.15
10.92
6.76
20.42
25.41
12.46
20.61
21.9
117.62
83.93
15.45%
89.48
99.3
84.95
79.06
20.66
26.08
30.83
24.3
10.45
19.67
22.4
45.66
90.47
10.04%
128.68
112.98
81.55
66.61
70.35
62.69
13.21
9.67
75.57
61.73
23.6
105.18
109.1
33.46%
52.19
47.29
112.6
110.37
76.43
77.11
39.36
40.79
5.37
8.52
26.6
189.14
151.21
10.57%
111.28
143.54
131.39
153.99
77.17
76.35
16.51
28.49
8.63
13.71
29.1
38.81
46.23
13.12%
106.35
86.94
138.63
115.04
54.4
63.41
28.55
44.95
21.48
15.35
29.7
16.7
68.03
67.12
20.82%
61.53
68.59
74.8
84.14
74.2
65.93
1.99
3.09
16.57
20.2
211.04
224.41
16.99%
42.6
52.03
57.04
59.11
62.77
79.16
1.68
1.32
19.66
18.67
19
60.36
58.61
16.44%
98.35
97.48
77.25
66.47
76.69
83.33
12.17
9.46
8.82
9.25
19.2
35.33
43.84
9.91%
64.14
58.21
70.11
67.46
83.15
56.67
3.5
3.09
38.3
27.6
19.5
57.04
65.24
15.76%
51.67
54.35
54.6
75.12
60.58
44.74
17.6
11.97
8.89
8.5
20.6
126.98
77.87
12.97%
104.69
121.68
80.73
50.08
120.82
114.52
2.71
1.3
25.03
38.23
21.7
145.87
147.17
32.79%
32.61
25.12
46.17
39
58.41
150.58
9.43
11.98
8.32
6.97
23.8 24.9
46.72
64.04
30.7
166.58
89
5.68
5.1
63.32
52.35
54.67
44.38
108.03
109.23
101.14
84.18
2.91
2.18
36.87
25.85
25.1
288
268.05
25.80%
91.23
106.65
44.19
43.39
131
151.26
91.95
102.23
11.66
19.64
25.2
273.37
258.51
22.59%
98.76
87.36
82.58
67.42
64.47
72.63
88.11
106.78
17.11
34.12
26.6
65.9
90
13.22%
67.58
54.25
56.34
62.05
58.64
76.32
16.51
14.38
21.97
23.02
26.7
87.37
98.47
15.85%
56.87
56.89
74.09
110.02
77.78
78.39
6.77
5.25
70.61
68.1
28.8
84.07
82.01
12.26%
46.23
36.78
56.28
51.51
90.74
85.31
9.03
8.46
72.94
61.52
31
40.54
38.08
12.67%
21.5
29.16
60.15
84.4
50.95
50.24
7.75
10.45
57
80.78
31.1
85.48
66.95
11.06%
41.02
55.59
81.63
89.95
85.94
66.76
9.46
8.62
98.97
95.55
32.2
74.63
104.19
9.54%
26.45
26.7
79.62
72.62
151.36
182.01
7.72
6.39
25.32
23.88
34.4
205.53
144.44
11.79%
29.39
39.88
64.39
84.3
111.11
107.92
5.86
6.44
57.82
64.27
35.2
33.59
44.14
10.84%
19.05
16.47
41.35
42.31
29.24
26.24
8.46
6.16
18.16
20.3
5.7
20.8
29.35
8.57%
67.55
64.99
72.21
78.2
56.38
49.07
39.77
34.47
20.59
22.69
7.8
35.41
41.23
12.03%
62.63
70.82
51.84
101.74
195.39
213.47
70.07
92.71
2.62
2.58
8.5
68.82
93.07
9.45%
10.93
8.81
87.08
81.48
40.96
34.88
17.67
17.03
109.82
101.55
8.6
32.62
36.11
10.00%
37.5
27.94
50.67
53.7
111.42
93.55
49.71
52.65
45.5
32.87
9.9
174.06
203.8
11.90%
112.48
121.1
86.17
117.19
20.56
22.47
3.55
4.4
4.11
5.46
11.3
29.06
39.03
12.76%
82.79
94.56
18
24.55
32.55
21.73
27.98
43.86
2.64
2.69
13.2
79.69
153.27
14.42%
129.64
165.55
158.44
197.28
30.28
24.71
18.96
9.01
1.36
1.04
13.5
32.1
33.7
9.98%
69.06
103.47
50.64
47.03
15.36
26.02
0
0.3
5.16
12.73
14
110.05
127.41
19.97%
63.96
67.51
37.2
30.9
34.09
23.25
13.46
10.34
13.67
14.4
15.6
256.64
213.62
11.41%
122.8
155.38
125.3
151.73
42.67
39.44
3.77
6.37
7.41
8.68
17.9
12.84
29.71
9.07%
97.3
86.52
224.67
177.3
30.14
28.47
8.17
5.55
5.78
11.51
18.7
97.74
89.88
9.07%
62.15
62.62
48.92
37.67
38.34
22.76
19.58
15.81
12.67
11.03
18.7
189.7
182
30.07%
27.88
43.15
63
104.86
34.92
64.89
2.25
5.75
25.81
45.12
21.8
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
meTAL
63.41
21.47%
gLASS
19.39%
PRODUCTS
59.92 298.14
& CERAMICS
49.69 214.08
geNerATorS
301.66
& POWER EqUIPMENT
191.11
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
57
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
10
Ramsarup Industries Ltd.
Wires & ropes of iron & steel
Net Sales (Rs Crore)
Cost of Goods Sold (Rs Crore)
2008
2009
2008
1757.56
1842.76
1825.12
2009 1452.2
COGS/ 2009 Net Sales 78.81%
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
2009
762.94
1443.16
0.05%
11
L G Balakrishnan & Bros. Ltd.
Chains & anchors of iron & steel
550.51
511.68
344.9
314.25
61.42%
241.22
157.75
0.39%
12
Usha Martin Ltd.
Wires & ropes of iron & steel
1686.65
2135.76
1063.7
1271.85
59.55%
1449.08
2331.07
0.03%
13
Everest Kanto Cylinder Ltd.
LPG cylinders & other gas containers
344.56
366.07
213
268.09
73.23%
169.04
287.03
0.26%
MinerAls 1
N M D C Ltd.
Iron ores & concentrates
6355.54
8434.99
305.19
333.92
3.96%
679.89
994.94
0.00%
2
Manganese Ore (India) Ltd.
Manganese ores
1022.04
1397.8
114.42
247.11
17.68%
197.43
221.08
0.08%
3
Sesa Goa Ltd.
Iron ores & concentrates
3506.9
5071.67
524.35
600.05
11.83%
413.94
506.19
0.02%
4
Essel Mining & Inds. Ltd.
Iron ores & concentrates
2358.92
3249.48
368.07
264.89
8.15%
499.94
504.23
0.02%
5
Uranium Corpn. Of India Ltd.
Uranium or thorium ores
300.19
392.96
146.41
203.74
51.85%
903.01
1198.75
0.04%
618.13
618.32
472.1
481.65
77.90%
84.52
107.52
0.72%
865.34
733.14
665.87
499.84
68.18%
100.59
143.43
0.48% 2.88%
non-electricAl MAcHinerY 1
Simpson & Co. Ltd.
Diesel engines
2
Audco India Ltd.
Valves
3
Ingersoll-Rand (India) Ltd.
Compressors
4
Lakshmi Machine Works Ltd.
Textile spinning machines
542.7
443.71
363.86
285.03
64.24%
22.68
22.34
2348.71
1491.69
1533.91
942.98
63.22%
557.9
527.37
5
Ion Exchange (India) Ltd.
Water treatment plants
0.12%
479.7
432.02
383.76
337.12
78.03%
65.15
64.2
1.22%
6
Elgi Equipments Ltd.
Compressors
454.23
484.97
313.26
309.31
63.78%
7
Paharpur Cooling Towers Ltd.
Industrial cooling towers
862.28
993.25
497.64
600.64
60.47%
48.97
62.82
1.02%
96.04
98.62
8
Cummins India Ltd.
Internal combustion engines
2425.74
3361.05
1747.07
2423.7
72.11%
254.84
0.61%
309.03
0.23%
9
Emerson Climate Technologies (India) Ltd.
Compressors
431.11
366.78
291.63
223.66
60.98%
71.22
61.24
1.00%
10
Greaves Cotton Ltd.
Diesel engines
1071.55
1154.41
780.66
879.12
76.15%
216.03
261.26
0.29%
3228.79
3130.5
2404.53
2332.6
74.51%
334.85
460.96
0.16%
327
461.94
275.98
272.52
58.99%
33.85
77.57
0.76%
11
Thermax Ltd.
Steam boilers
12
CMI F P E Ltd.
Other industrial machinery
13
Timken India Ltd.
Tapered roller bearing, incl. cone
345.04
423.09
222.53
274.44
64.87%
63.19
70.56
0.92%
14
Kirloskar Brothers Ltd.
Pumps
1552.37
1856.13
1174.37
1456.9
78.49%
195.52
276.61
0.28%
15
Kirloskar Pneumatic Co. Ltd.
Compressors
400.26
516.37
289.67
374.14
72.46%
43.4
63.25
1.15%
16
Praj Industries Ltd.
Brewery machinery
738.64
792.64
405.33
436.98
55.13%
105.97
147.16
0.37%
17
S K F India Ltd.
Ball or roller bearings
1577.83
1672.01
1094.71
1236.54
73.96%
196.77
238.66
0.31%
18
Walchandnagar Industries Ltd.
Industrial machinery
636.54
698.84
443.2
488.2
69.86%
173.81
319.57
0.22%
19
Lohia Starlinger Ltd.
Weaving machines
317.96
364.41
231.1
246.03
67.51%
99.27
105.24
0.64%
20
I D M C Ltd.
Dairy machinery
216.3
304.7
170.1
216.86
71.17%
50.78
68.08
1.05%
21
Atlas Copco (India) Ltd.
Compressors
971.87
1275.6
755.89
972.79
76.26%
162.65
184.84
0.41%
22
F A G Bearings India Ltd.
Ball or roller bearings
651.41
763.85
387.19
558.92
73.17%
142.29
163.45
0.45%
23
K S B Pumps Ltd.
Pumps
470.71
602
317.62
365.74
60.75%
89.82
139.67
0.43%
24
Alfa Laval (India) Ltd.
Machinery used in food & beverage industries
704.74
804.02
474.53
561.56
69.84%
83.14
104.97
0.67%
25
Manugraph India Ltd.
Printing machinery
454.07
404.04
305.97
305.12
75.52%
73.29
77.61
0.97%
26
Bharat Heavy Electricals Ltd.
Prime movers
20481.28
27416.01
12359.99
17848.19
65.10%
1667.1
2682.66
0.02%
27
Bosch Rexroth (India) Ltd.
General purpose machinery
270.18
343.01
199.92
260.27
75.88%
38.5
59.02
1.29%
28
Heavy Engineering Corpn. Ltd.
Mining, construction & earth moving machinery
383.69
429.71
211.42
189.43
44.08%
86.45
82.38
0.54%
non-Ferrous MetAls 1
Transpek-Silox Industry Ltd.
Zinc products
347.87
323.73
282.33
225.09
69.53%
58.12
63.59
1.09%
2
Leadage Alloys India Ltd.
Lead
262.49
444.03
220.14
437.29
98.48%
8.68
22.65
4.35%
3
Madras Aluminium Co. Ltd.
Aluminium, unwrought
4
Indian Smelting & Refining Co. Ltd.
Non-ferrous metals
493.11
522.67
341.23
378.89
72.49%
301.57
336.96
0.22%
389.23
352.36
313.32
303.07
86.01%
85.09
88.19
5
Tinplate Co. of India Ltd.
Tin plates, sheets & strips
0.98%
407.4
667.49
267.67
421.12
63.09%
406.99
461.18
6
Sterlite Industries (India) Ltd.
0.14%
Copper
13481.76
12272.82
11854.89
9287.99
75.68%
1708.15
1645.99
0.05%
7
Hindalco Industries Ltd.
Copper
19624.79
18804.74
14611.42
13199.54
70.19%
8929.2
9276.6
0.01%
8
Hindustan Copper Ltd.
Copper
1657.44
1236.84
932.33
677.91
54.81%
536.77
589.18
0.09%
8509.18
6507.76
732.98
1267.16
19.47%
4162.62
5213.31
0.00%
399.07
365.58
398.14
295.82
80.92%
1279.7
1207.58
0.07%
5394.61
5436.75
1905
2490.72
45.81%
5866.4
6899.66
0.01%
9
Hindustan Zinc Ltd.
Zinc
10
Jhagadia Copper Ltd.
Refined copper & alloys, unwrought
11
National Aluminium Co. Ltd.
Aluminium, unwrought
PAPER, BOOK AND CARDS 1
N R Agarwal Inds. Ltd.
Kraft paper & paperboard
287.19
367.75
222.77
298.74
81.23%
119.83
116.87
0.70%
2
Ballarpur Industries Ltd.
Paper
2179.68
1035
1077.82
465.54
44.98%
2376.32
898.57
0.05%
3
Emami Paper Mills Ltd.
Paper
230.26
442.48
183.75
314.94
71.18%
384.28
449.91
0.16%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
58
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies Working Capital CyCle
2009
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
161.82
4.45
0.24%
64.67
93.48
102.78
84.74
34.18
31.19
2.27
0.73
51.95
49.84
21.9
75.63
59.73
11.67%
56.02
58.92
69.89
64.71
69.6
60.68
47.46
48.26
28.36
31.82
24.8
370.6
469.05
21.96%
48.88
46.91
196.8
190.63
81.05
69.1
22.84
22.38
35.22
31.33
26.8
96.2
86.08
23.51%
44.72
49.56
87.97
144.41
162.43
246.82
49.53
49.53
12.09
27.46
27.5
5019.1
6731.19
79.80%
24.74
36.64
107.42
94.22
263.86
260.12
0.02
0.02
9.37
14.26
6.1
750.91
1031.31
73.78%
38.87
31.05
142.69
165.85
48.28
42.13
0.29
0.14
14.99
17.46
6.2 7.5
2278.31
2674.77
52.74%
34.38
25.17
39.84
44.74
188.48
126.24
0.6
0.47
15.24
14.26
1462.94
1754.54
53.99%
17.33
15.62
53.7
40.96
35.51
50.62
0.39
0.72
26.82
23.56
9.1
47.9
88.32
22.48%
19.74
25.1
212.08
275.8
194.31
155.52
2.68
11.54
13.54
20.9
11.6
106.91
95.44
15.44%
88.68
93.72
44.48
38.4
26.77
27.33
5.21
4.54
3.08
4.45
20.8
116.61
120.84
16.48%
106.4
127.39
91.97
93.62
25.42
25.58
16.93
13.16
2.56
5.12
26.4
102.4
106.97
24.11%
86.25
106.13
74.27
87.95
74.88
59.97
12.16
7.97
9.88
10.2
29.6
483.73
271.64
18.21%
8.95
16.08
129.17
154.73
28.28
32.88
5.13
6.43
1.98
3.14
29.6 30.8
27.13
18.77
4.34%
138.16
168.02
142.13
163.46
30.37
38.2
4.27
4.47
5.43
7.72
61.07
71.93
14.83%
50.85
50.54
68.05
44.38
38.96
44.48
8.35
8.91
13.98
10.71
31.8
184.05
210.92
21.24%
97.47
119.61
103.74
164.83
44.53
45.4
23.92
23.84
3.97
3.5
32.3
429.7
609.26
18.13%
67.89
62.58
77.31
68.14
50.39
43.91
16.11
13.37
2.17
4.1
33.3
32.16
41.77
11.39%
50.5
55.44
69.32
85.69
19.21
20.95
11.7
14.11
18.85
17.44
34.6
13.25%
36.04
33.36
80.38
72.92
34.04
38.18
4.97
7.28
6.65
6.48
35.9
14.39%
52.82
65.39
127.49
143.32
28.01
35.1
10.25
21.91
0.94
0.69
36.5
26.61
30.87
6.68%
130.37
105.53
119.51
187.67
27.69
25.91
50.32
17.17
15.28
12.3
37.6
66.52
86.45
20.43%
61.24
60.6
59.5
71.94
46.21
47.23
10.02
9.71
31.4
37.71
38.4
178.31
148.51
8.00%
91.87
104.74
179.41
180.3
22.74
25.35
15.63
21.33
5.36
4.62
39
41.45
69.02
13.37%
100.45
87.25
124.99
132.97
42.97
35.66
31.84
40.64
5.33
8.19
39.5 40.7
180.51
169.44
21.38%
70.86
82.3
200.98
206.78
66.21
61.48
17.89
46.36
7.45
1.77
274.96
223.74
13.38%
39.62
42.9
61.5
54.3
31.15
45.35
7.38
6.87
24.76
26.1
41
63.49
72.18
10.33%
74.99
127.04
169.75
213.62
50.02
48.52
40.87
35.02
3.58
1.85
42.4 42.9
32.35
40.71
11.17%
19.25
21.25
70.22
48.02
88.59
92.52
26.76
26.84
1.46
2.59
24.76
29.74
9.76%
91.08
79.56
116.02
89.8
59.33
52.69
37.78
43.37
5.56
7.06
43.9
148.77
179.76
14.09%
89.93
88.23
97.89
84.25
61.79
75.77
7.31
6.77
33.3
35.95
44.5
143.95
172.5
22.58%
48.36
49.16
62.77
59.02
65.91
64.34
12.8
9.65
27.67
40.17
45
75.35
113
18.77%
68.75
69
104.99
103.83
57.1
54.29
67.62
67.54
11.42
9.72
46.7 47.6
16.98%
88
75.75
116.54
123.13
89.28
95.94
12.41
12.38
18.67
25.8
70.66
17.49%
26.36
24.04
111.54
88.22
45.12
53.75
13.75
10.97
45.01
68.65
47.7
4175.84
4438.58
16.19%
216.83
207.83
326.1
342.47
80.94
73.4
68.49
66.54
9.82
9.29
50.6
45.33
40.58
11.83%
95.18
84.47
79.58
99.57
98.38
135.1
25.94
29.27
16.12
20.9
52.9
27.37
37.68
8.77%
148.74
178.59
502.02
557.18
89.15
111.4
80.14
79.8
17.92
11.85
54.2
26.74
39.98
12.35%
75
57.55
65.34
45.59
11.36
12.46
1.4
1.26
4.75
4.65
9.4
18.2
15.19
3.42%
32.82
14.6
2.6
14.35
12.68
6
0.53
8.48
0.54
1.18
9.5
116.07
72.69
13.91%
27.4
23.75
104.6
108.09
40.41
35.01
28.2
19.61
0.83
0.26
12.1
23.61
-9.7
-2.75%
45.65
48.27
30.02
31.25
39.09
31.63
23.67
20.15
5.31
3.8
12.8
46
122.27
18.32%
22.43
17.2
125.84
83.98
140.43
60.23
19.85
10.11
1.83
1.67
13.8
1384.76
1482.87
12.08%
23.69
20.2
21.74
32.29
35.99
41.34
26.97
28.73
1.76
2.7
15.3
4115.71
3867.6
20.57%
27.03
26.01
58.45
41.18
58.1
69.53
61.99
60.94
4.69
4.6
18.5
334.42
2.45
0.20%
10.02
29.17
97.08
117.74
63.71
59.66
86.31
86.92
9.5
6.71
20.2
6081.06
3638.89
55.92%
20.89
18.08
85.44
84.8
112.5
101.83
16.99
37.3
22.86
12.97
21.8
-47.22
-97.98
-26.80%
12.38
5.34
78.05
174.37
32.84
22.41
41.59
29.56
11.38
9.82
22
2832.08
2261.12
41.59%
5.73
5.41
149.79
152.9
218.18
201.64
29.52
29.19
10.52
10.74
22.8
13.5
29.89
29.95
8.14%
44.66
42.72
74.4
63.66
38.97
32.3
2.33
1.2
3.39
3.58
579.11
302.96
29.27%
48.93
93.72
43.73
31.33
89.88
146.61
3
4.03
10.56
17.08
17.9
38.25
92.43
20.89%
37.99
48.92
26.74
35.54
70.38
69.87
9.58
6.28
3.45
10.06
18.2
www.industry20.com
NoN ferrouS
136.49
METALS
141.01 108.47
NoN eLecTrIcAL
152.97 450.42
MACHINERY
177.64 451.49
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes
meTAL
2008
PBDITA/2009 Net Sales
PRODUCTS
PBDITA (Rs Crore)
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
59
supply chain metrics Corporate FinanCial perFormanCe Rank
4
Company Name
Industrial Activity
J K Paper Ltd.
Paper
Net Sales (Rs Crore)
Cost of Goods Sold (Rs Crore)
2008
2009
666.53
1171.07
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
2009
325.01
608.88
51.99%
965.69
942.69
0.06%
5
Sirpur Paper Mills Ltd.
Paper
249.17
352.66
157.31
207.56
58.86%
544.93
538.86
0.11%
6
Star Paper Mills Ltd.
Paper
333.29
365.19
207.26
243.27
66.61%
154.75
142.19
0.47% 0.63%
7
Century Plyboards (India) Ltd.
Plywood
545.57
667.74
400.97
474.98
71.13%
93.58
112.37
8
Hindustan Paper Corpn. Ltd.
Writing, printing paper
812.16
731.85
360.81
378.17
51.67%
340.78
363.68
0.14%
9
Tamil Nadu Newsprint & Papers Ltd.
Writing, printing paper
990.28
1119.82
536.75
611.07
54.57%
1283.6
1483.97
0.04%
10
Rama Newsprint & Papers Ltd.
Newsprint
356.79
345.04
269.62
352.31
102.11%
409.5
377.63
0.27%
11
Navneet Publications (India) Ltd.
Printed books, brochures
398.01
496.37
249.19
359.96
72.52%
89.04
88.85
0.82%
12
Greenply Industries Ltd.
Plywood
526.41
710.55
384.73
509.05
71.64%
189.52
287.6
0.25%
13
West Coast Paper Mills Ltd.
Paper
589.18
623.77
328.32
362.27
58.08%
531.19
1326.89
0.04%
14
Security Printing & Minting Corpn. of India Ltd.
Printing and service activities related to printing
2112.88
2516.96
897.96
1512.13
60.08%
813.49
838.56
0.07%
15
Andhra Pradesh Paper Mills Ltd.
Paper
603.96
628.01
317.23
317.89
50.62%
863.9
903.33
0.06%
16
Mysore Paper Mills Ltd.
Newsprint
391.14
422.74
299.14
326.32
77.19%
184.12
174.68
0.44%
17
Hindustan Newsprint Ltd.
Newsprint
303.12
303.76
190.87
263.59
86.78%
172.01
171.9
0.50%
PetroleuM ProDucts 1
Mangalore Refinery & Petrochemicals Ltd.
Petroleum products (Refineries)
32538.18
38331
30289.06
34088.63
88.93%
4106.47
4072.87
0.02%
2
Chennai Petroleum Corpn. Ltd.
Petroleum products (Refineries)
28221.48
33457.13
26350.67
28877.3
86.31%
3344.87
3590.07
0.02% 0.52%
3
Savita Oil Technologies Ltd.
Lube oils & lubricants
4
Bharat Petroleum Corpn. Ltd.
Petroleum products (Refineries)
937.53
1153.2
704.45
895.49
77.65%
124.14
149.29
111223.9
134870.9
101912.52
120794.6
89.56%
12735.38
14003.27
5
Rain C I I Carbon (India) Ltd.
Petroleum coke
0.01%
546.79
1192.48
423.33
904.12
75.82%
325.24
308.67
0.25%
6
Reliance Industries Ltd.
7
Numaligarh Refinery Ltd.
Petroleum products (Refineries)
139758.15
143722.17
98359.88
111702.6
77.72%
84889.47
169386.89
0.00%
Petroleum products (Refineries)
7868.27
8160.66
7211.64
7498.13
91.88%
2091.19
2075.25
8
Gulf Oil Corpn. Ltd.
Lube oils & lubricants
0.04%
769.44
925.03
441.76
528.03
57.08%
2004.24
606.76
0.09% 0.01%
9
Essar Oil Ltd.
Petroleum products (Refineries)
567.63
37795.44
397.61
33128.63
87.65%
13720.39
14519.74
10
Hindustan Petroleum Corpn. Ltd.
Petroleum products (Refineries)
106209.52
126369.98
103240.64
113404.79
89.74%
15245.23
16655.82
0.01%
11
Indian Oil Corpn. Ltd.
Petroleum products (Refineries)
249640.63
309831.14
225348.04
274088.52
88.46%
41942.04
52964.5
0.00%
PolYMers & PlAstics ProDucts 1
Max India Ltd.
Biaxially oriented polypropylene (BOPP) film
353.39
402.47
233.56
291.23
72.36%
179.3
199.87
0.36%
2
Ester Industries Ltd.
Polyester film
331.85
382.53
250.28
259.49
67.84%
142.26
140.68
0.48%
3
Cosmo Films Ltd.
Biaxially oriented polypropylene (BOPP) film
4
Uflex Ltd.
Flexible packaging materials
586.16
655.05
409.61
492.59
75.20%
213.9
413.39
0.18%
1363.76
1609.82
964.52
1090.11
67.72%
1065.01
1018.15
0.07%
5
Bilcare Ltd.
Other plastic packaging goods
421.98
485.2
271.03
322.7
66.51%
301.83
391.86
0.17%
6
South Asian Petrochem Ltd.
Polyethylene terephthalate (PET)
1042.5
1138.8
772.56
910.66
79.97%
359.34
358.69
0.22%
7
Positive Packaging Inds. Ltd.
Plastic laminated sheets
340.89
469.02
275.84
361.43
77.06%
102.32
109.22
0.71%
8
Sintex Industries Ltd.
Builders wares of plastics
1694.41
1971
1127.85
1284.85
65.19%
1026.64
1418.67
0.05%
9
Visen Industries Ltd.
Polymers of ethylene
256.1
347.31
206.25
275.14
79.22%
83.64
92.76
0.85%
10
Essel Propack Ltd.
Plastic packaging goods
350.65
388.94
178.86
197
50.65%
167.92
181.31
0.28%
11
Supreme Petrochem Ltd.
Polystyrene
1504.21
1489.09
1382.71
1320.57
88.68%
256.5
267.45
0.33%
12
Ineos A B S (India) Ltd.
Acrylonitrile butadiene styrene
560.65
614.04
447.38
518.02
84.36%
164.56
161.2
0.52%
13
V I P Industries Ltd.
Moulded luggage
554.09
521.56
329.04
280.56
53.79%
90.97
89.58
0.60%
14
Paper Products Ltd.
Flexible packaging materials
537.42
619.62
428.3
478.23
77.18%
214.5
210.54
0.37%
15
Varroc Engineering Pvt. Ltd.
Plastic Products
637.42
642.04
473.51
480.87
74.90%
321.17
348.58
0.21%
16
Nilkamal Ltd.
Plastic injection moulding items
806.79
897.53
629.31
614.52
68.47%
228.11
232.88
0.29%
17
Time Technoplast Ltd.
Reservoirs, tanks
466.52
525.26
343.38
378.53
72.07%
205.75
262.82
0.27%
18
Jain Irrigation Systems Ltd.
Tubes, pipes & hoses of poly vinyl chloride
1688.71
2180.17
1218.87
1298.19
59.55%
748
1050.95
0.06%
19
Kemrock Industries & Exports Ltd.
Other articles of plastics
219.72
367.83
173.04
264.17
71.82%
235.89
436.75
0.16%
20
Finolex Industries Ltd.
Amino/phenolic resins & polyurethanes
1421.12
1509.1
1132.29
1071.8
71.02%
766.49
865.16
0.08%
21
D C W Ltd.
Poly vinyl chloride
750.77
923.51
603.89
719.74
77.94%
711.26
756
0.10%
22
Chemplast Sanmar Ltd.
Poly vinyl chloride
657.69
681.97
524.33
599.83
87.96%
1162.11
1447.37
0.06%
steel tuBes & PiPes 1
Jindal Industries Ltd.
Tubes & pipes
610.78
744.94
537.69
617.1
82.84%
23.17
23.89
3.47%
2
Electrosteel Castings Ltd.
Tubes & pipes
1397.26
1933.55
887.42
1213.53
62.76%
553.8
802.96
0.08%
3
Lanco Industries Ltd.
Spun pipes
4
Technocraft Industries (India) Ltd.
Tubes & pipes
5
Skipper Ltd.
Welded steel tubular poles
6
Tube Investments of India Ltd.
ERW tubes & pipes
7
Jindal (India) Ltd.
Tubes & pipes
467.15
645.65
287.72
439.38
68.05%
272.5
286.65
0.24%
332.88
436.22
214.68
297.01
68.09%
121.89
156.56
0.43%
315.4
365.67
272.22
326.76
89.36%
53.2
83.41
1.07%
1839.99
2216.15
1376.07
1678.29
75.73%
518.79
543.83
0.14%
760.14
807.77
651.68
690.91
85.53%
127.96
179.33
0.48%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
60
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2008
2009
112.98
185.55
15.84%
55.05
33.13
81.78
41.94
94.27
55.23
10.45
6.61
12.33
2009 8.89
20.3
55.3
58.53
16.60%
27.66
42.53
116.83
112.28
62.65
42.97
6.66
7.75
1.25
2.84
20.4
45.38
45.78
12.54%
7.16
7.9
50.28
54.41
74
62.3
4.3
4.33
4.13
10.06
21
85.99
73.59
11.02%
48.21
47.46
63.82
28.6
77.65
79.86
2.29
4.72
23.46
20.58
21.1 22.5
154.57
47.4
6.48%
65.47
76.85
107.48
115.39
171.26
197.71
1.39
1.67
11.37
8.38
262.3
286.85
25.62%
34.76
41.77
102.73
88.67
162.82
202.78
4.44
5.63
0.22
0.71
24.6
61.77
13.43
3.89%
51.79
46.08
68.19
83.88
89.64
72.1
1.51
2.68
10.02
32.3
25.8
86.95
104.09
20.97%
43.15
41.72
27.69
25.78
94.12
81.25
12.22
10.99
91.41
89.68
27.2
78.83
85.79
12.07%
49.56
51.74
94.82
90.74
103.28
91.76
10.42
10.51
19.27
19.68
27.3
20.18%
24.15
23.79
78.79
119.07
103.19
100.32
3.11
2.74
14.89
19.77
28.2
28.80%
200.16
138.6
49.43
80.91
223.55
178.1
47.84
47.66
73.47
50.17
29.9
106.37
117.34
18.68%
23.72
23.74
82.25
101.93
75.63
71.56
8.24
12.68
10.15
20.66
29.9
10.14
31.36
7.42%
54.77
37.95
71.32
50.18
206.82
229.38
1.37
1.52
51.99
54.13
29.9
30.91
35.84
11.80%
14.14
31.86
46.43
86.29
160.94
190.7
21.06
19.91
0
28.26
35.4
2259.56
2333.34
6.09%
16.87
15.22
48.76
29.6
19.23
16.18
1.78
1.14
13.44
10.03
9.2
2161.98
-123.29
-0.37%
13.87
12.14
30.15
22.4
26.92
23.28
5.07
4.09
19.04
12.85
13.6
102.05
49.78
4.32%
73.64
68.42
113.07
111.3
61.98
49.92
4.63
2.91
15.92
15.03
14.9
4162.38
4038.14
2.99%
5.24
4.27
41.68
28.93
20.36
18.9
3.81
3.44
19.34
13.72
14.9
96.73
92.56
7.76%
23.25
16.96
28.34
106.86
60.34
111.09
0.92
0.04
18.61
24.03
16.1
28943.8
25724.34
17.90%
13.05
13.47
65.18
91.42
29.4
32.54
6.44
6.09
12.04
9
16.4
585.33
482.61
5.91%
14.37
12.82
63.45
38.31
13.04
14.33
5.37
5.09
23.14
24.44
17.3
56.82
58.39
6.31%
76.66
70.77
62.27
69.98
55.19
65.45
7.69
6.56
19.33
17.78
18.1
-25.49
900.17
2.38%
274.55
8.63
4638.27
64.35
0
26.21
208281.24
8.84
246.48
3.67
18.3
2909.04
3872.81
3.06%
5.56
5.65
37.63
29.88
27.18
25.97
4.14
3.54
22.03
19.6
19.1
14174.92
10614.96
3.43%
9.68
7.66
46
38.42
45.77
33.44
6.61
4.82
18.28
15.43
20.3
91.04
34.03
8.46%
54.1
55.82
43.55
30.08
26.94
29.32
6.49
7.31
1.19
1.63
19.9
37.94
70.18
18.35%
49.73
40.09
33.77
21.19
29.45
31.17
5.75
4.83
6.42
7.23
22.5
97.25
105.93
16.17%
52.25
49.15
29.3
28.83
48.82
40.29
1.61
0.68
7.71
8.9
25.2
217.37
208.32
12.94%
67.44
60.24
71.9
60.97
21.08
19.46
13.77
12.96
2.86
2.38
25.3
128.74
130.88
26.97%
101.17
114.55
31.49
31.76
55.62
60.87
10.51
12.48
3.88
7.15
27.7
127.05
72.63
6.38%
42.32
43.24
75.37
59.96
33.66
29.11
0.6
0.47
17.43
10.93
28.3
9.08%
67.43
55.14
47.24
44.12
56.03
47.85
8.51
7.47
6.1
8.41
28.8
24.81%
70.42
89.66
77.62
64.82
13.99
11.97
18.16
22.35
12.14
10.27
29.2
24.89
3.08
0.89%
NA
40.33
78.87
60.19
NA
59.05
NA
0.53
NA
4.43
29.6
114.16
117.24
30.14%
57.88
77.82
50.79
67.83
66.08
62.1
25.98
29.76
2.4
1.12
29.8 30.3
86.61
58.57
3.93%
24.64
32.07
31.97
50.8
11.08
10.35
0.96
1.07
12.69
12.73
66.94
41.46
6.75%
51.41
43.87
92.43
67.44
40.11
32.02
3.24
3.59
8.34
9.25
31.4
51.96
25.61
4.91%
62.9
75.4
53.19
53.19
37.84
37.48
9.86
8.3
34.74
38.83
32.4 32.5
64.29
56.8
9.17%
58.5
53.95
65.85
62.82
32.49
30.18
8.91
8.54
8.75
10.68
80.52
84.79
13.21%
22.3
11.88
93.47
77.35
34.06
29.5
14.83
19.51
3.22
1.96
33.3
131.68
86.12
9.60%
40.44
42.2
27.96
27.53
35.51
42.45
8.51
9.78
30.14
36.5
34.2
92.62
107.02
20.37%
73.95
79.67
28.2
34.28
52.4
58.43
16.85
17.39
22.07
20.23
35.2
324.62
361.52
16.58%
107.97
111.46
124.24
136.23
73.99
80.65
0.12
0.14
34.79
37.56
35.2 36.2
104.43
28.39%
132.8
180.28
113.31
108.98
81.07
71.41
180.61
205.12
5.33
6.38
26.78
1.77%
12.84
13.59
30.43
51.61
52.18
50.43
3.62
3.81
13.1
10.39
37.1
92.54
85.31
9.24%
28.52
29.44
94.66
73.63
56.66
51.94
0.44
0.51
13.68
13.51
38.3
102.75
61.15
8.97%
25.23
21.71
70.78
107.99
52.51
84.43
1.1
1.06
6.88
6.53
40.7
16.2
40.11
65.99
8.86%
17.93
19.9
17.44
10
24.57
23.36
17.71
15.87
5.63
4.74
100.3
323.24
16.72%
131.67
106.89
64
31.76
130.4
98.8
3.35
5.1
9.11
9.29
16.7
77.73
82.97
12.85%
64.24
56.79
81.3
61.95
101.3
83.05
9.23
6.77
9.72
5.98
16.7
64.45
47.28
10.84%
105.94
80.94
54.09
30.82
155.74
100.1
0.62
1.22
13.66
11.79
18.2
24.27
28.57
7.81%
40.41
58.28
32.75
37.08
13.01
16.68
21.97
28.55
3.94
8.44
18.5
153.04
168.45
7.60%
54.06
44.12
68.17
59.24
32.66
26.62
8.94
7.84
11.88
12.65
19.7
60.75
39.1
4.84%
35.47
33.63
41.23
29.05
18.04
21.11
30.44
24.45
6.18
7.46
19.9
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
TUBES & PIPES
73.63 176.56
PoLYmerS STeeL
42.6 488.96
& PLASTICS PRODUCTS
39.72 411.22
PeTroLeum
125.85 724.85
PRODUCTS
118.79 406.08
PAPer,
PBDITA (Rs Crore)
BOOK & CARDS
Working Capital CyCle
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
61
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
8
Maharashtra Seamless Ltd.
Seamless tubes & pipes
Net Sales (Rs Crore)
Cost of Goods Sold (Rs Crore)
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
2008
2009
2008
2009
2009
1528.63
2113.02
1195.16
1397.12
66.12%
337.45
390.64
0.17%
9
Ratnamani Metals & Tubes Ltd.
Tubes & pipes
845.6
959.23
570.86
693.75
72.32%
285.23
385.86
0.19%
10
Bhawani Industries Ltd.
Tubes & pipes
251.44
330.4
228.31
293.44
88.81%
35.94
41.07
2.16%
11
Man Industries (India) Ltd.
Tubes & pipes
1447.3
1860.55
1293.4
1396.01
75.03%
387.75
447.98
0.17%
12
Oil Country Tubular Ltd.
Seamless tubes & pipes
340.35
419.57
164.21
310.23
73.94%
50.38
63.42
1.17%
13
Zenith Birla (India) Ltd.
Tubes & pipes
479.97
598.81
375.06
476.11
79.51%
103.16
119.57
0.66%
14
Jindal Saw Ltd.
Tubes & pipes
7396.22
5025.85
4181.16
4028.66
80.16%
1225.02
1885.72
0.04%
15
Welspun Corp Ltd.
Tubes & pipes
4045.71
5977.86
3144.25
5321.05
89.01%
2420.68
2671.35
0.03%
16
P S L Ltd.
Tubes & pipes
2043.92
3161.78
1452.2
2807.41
88.79%
458.41
684.4
0.13%
teXtiles 1
Filatex India Ltd.
Polyester filament yarn (PFY)
345.91
359.29
305.38
299.88
83.46%
87.01
92.48
0.90%
2
Bhilosa Industries Pvt. Ltd.
Textured yarn of synthetic filament yarn
603.33
701.4
499.74
531.63
75.80%
227.64
379.48
0.20%
3
Krishna Lifestyle Technologies Ltd.
Cloth processed
365.48
501.14
314.52
445.54
88.91%
151.43
376.49
0.24%
4
Modern Syntex (India) Ltd.
Polyester filament yarn (PFY)
512.97
521.98
444.66
451.29
86.46%
200.89
178.72
0.48%
5
Sanghi Polyesters Ltd.
Polyester filament yarn (PFY)
227.24
372.23
202.67
311.38
83.65%
360.86
321.94
0.26%
6
J B F Industries Ltd.
Partially oriented yarn (POY)
2160.02
2405.35
1788.4
2112.52
87.83%
769.46
957.24
0.09%
7
Jaybharat Textiles & Real Estate Ltd.
Sarees
8
Eskay K’N’It (India) Ltd.
Cloth (Fabrics)
424.29
487.13
325.4
417.66
85.74%
273.06
257.26
0.33%
652
718.94
550.08
579.16
80.56%
355.26
312.67
9
Welspun Syntex Ltd.
0.26%
Polyester filament yarn (PFY)
281.37
317.13
227.72
227.59
71.77%
107.59
100.38
10
0.71%
K S L & Industries Ltd.
Cloth (Fabrics)
648.25
842.82
507.48
720.01
85.43%
871.41
1127.46
0.08% 0.06%
11
Bombay Dyeing & Mfg. Co. Ltd.
Cloth (Fabrics)
983.31
1362.53
705
921.05
67.60%
1240.58
1199.88
12
G S L Nova Petrochemicals Ltd.
Partially oriented yarn (POY)
326.73
332.7
303.92
273.63
82.25%
145.27
129.81
0.63%
13
Aarti International Ltd.
Cotton yarn
282.65
359.84
205.41
264.83
73.60%
319.64
293.84
0.25%
14
Kurlon Ltd.
Rubberised coir products & bonded fabrics
321.76
362.6
203.34
233.31
64.34%
54.63
53.55
1.20%
15
Vardhman Yarns & Threads Ltd.
Cotton yarn & sewing threads
29.93
348.98
14.04
153.83
44.08%
9.81
207.25
0.21%
16
Century Enka Ltd.
Polyester filament yarn (PFY)
1190.76
1169.27
961.04
913.37
78.11%
710.47
665.48
0.12%
17
R S W M Ltd.
Blended yarn
1281.51
1381.07
998.5
1004.71
72.75%
910.51
866.02
0.08%
18
Spentex Industries Ltd.
Cotton yarn
796.08
679.74
679.04
537.14
79.02%
416.72
352.82
0.22%
19
Krishna Knitwear Technology Ltd.
Knitted fabrics
1494.58
1838.04
1281.4
1586.4
86.31%
807.25
852.8
0.10%
20
Raj Rayon Ltd.
Textured yarn of synthetic filament yarn
282.88
318.32
244.19
278.58
87.52%
147.03
135.84
0.64% 0.05%
21
S R F Ltd.
Nylon tyre cord fabric
1627.13
1467.86
1107.92
1115.29
75.98%
1235.68
1660.45
22
Shri Lakshmi Cotsyn Ltd.
Man-made fabrics
606.43
847.87
553.89
775.32
91.44%
406.36
482.29
0.19%
23
Garden Silk Mills Ltd.
Polyester filament yarn (PFY)
1405.1
1346.76
1176.65
1072.31
79.62%
722.2
988.84
0.08%
24
Ginni Filaments Ltd.
Cotton yarn
307.4
411.32
251.87
304.68
74.07%
376.99
358.3
0.21%
25
Ambattur Clothing Ltd.
Apparels (Readymade garment)
329.48
307.94
253.83
244.53
79.41%
119.38
95.37
0.83%
26
Reid & Taylor (India) Ltd.
Cloth (Fabrics)
142.89
688.88
50.08
365.24
53.02%
84.6
149.49
0.35%
27
Vardhman Polytex Ltd.
Cotton yarn
381.39
434.6
316.38
333.6
76.76%
276.11
293.18
0.26%
28
Grasim Industries Ltd.
Viscose staple fibre (VSF)
10671.83
11006.96
5003.5
5481.09
49.80%
7053.96
8307.77
0.01%
29
Indo Rama Synthetics (India) Ltd.
Synthetic filament yarn other than sewing threads
2630.31
2483.33
2332.81
1617.61
65.14%
1768.98
1665.95
0.04%
30
Provogue (India) Ltd.
Apparels (Readymade garment)
338.22
379.39
260.3
242.79
63.99%
48.78
83.54
0.77%
31
Nandan Exim Ltd.
Cloth (Fabrics)
295.8
329.8
240.22
229.67
69.64%
218.68
247.15
0.28%
32
K P R Mill Ltd.
Cotton yarn
611.99
749.74
436.7
580.07
77.37%
846.88
820.88
0.09%
33
S E L Manufacturing Co. Ltd.
Cloth (Fabrics)
392.32
629.87
301.89
544.6
86.46%
228.72
456.47
0.19%
34
Precot Meridian Ltd.
Cotton yarn
371.55
385.17
262.71
266.25
69.13%
241.35
234.43
0.29% 0.30%
35
Chiripal Industries Ltd.
Cloth (Fabrics)
459.68
479.34
385.7
349.23
72.86%
226.39
241.4
36
Shiva Texfabs Ltd.
Acrylic filament yarn (AFY)
247.66
502.81
195.69
433.77
86.27%
181.16
276.92
0.31%
37
Welspun India Ltd.
Terry towelling & similar woven terry fabrics
1328.81
1460.19
781.74
753.39
51.60%
1512.73
1582.79
0.03%
38
Sangam (India) Ltd.
Cotton & blended yarn
699.86
760.02
575.37
580.2
76.34%
645.61
616.35
0.12%
39
Pradip Overseas Ltd.
Other artificial filament yarns
664.85
1176.86
568.2
1045.98
88.88%
60.88
62.05
1.43%
40
Suryalakshmi Cotton Mills Ltd.
Cotton & blended yarn
352.5
360.91
279.13
271.05
75.10%
262.38
248.06
0.30%
41
Nahar Spinning Mills Ltd.
Cotton & blended yarn
920.61
1001.1
667.54
690.78
69.00%
713.35
672.66
0.10%
42
Loyal Textile Mills Ltd.
Cloth (Fabrics)
412.91
443.24
277.18
301.91
68.11%
331.94
305.55
0.22%
43
Supreme Tex Mart Ltd.
Synthetic staple fibres, not carded or combed
165.81
314.55
144.41
289.08
91.90%
184.53
221.79
0.41%
44
Benetton India Pvt. Ltd.
Apparels (Readymade garment)
223.07
301.34
176.68
191.7
63.62%
98.75
117.89
0.54%
45
Siyaram Silk Mills Ltd.
Cloth (Fabrics)
488.41
532.22
340.01
283.25
53.22%
206.31
206.8
0.26%
46
Aarvee Denims & Exports Ltd.
Denim
251.92
327.94
182.72
236.79
72.21%
317.14
317.82
0.23%
47
Malwa Cotton Spg. Mills Ltd.
Cotton yarn
449.2
458.84
370.9
365.39
79.63%
76.65
70.3
1.13%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
62
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2008
2009
321.02
410.93
19.45%
51.71
45.27
36.63
24.33
66.19
63.34
11.25
8.4
21.37
2009 16.81
178.64
154.19
16.07%
35.86
42.47
85.28
73.7
46.26
31.6
33.81
18.87
15.17
12.9
21.6
15.61
19.34
5.85%
33.8
24
9.82
12
52.19
39.31
9.21
8.5
10.76
10.81
21.8
20.3
162.95
136.68
7.35%
68.9
70.86
149.89
188.01
38.74
35.63
14.15
11.78
14.54
13.65
23.3
89.41
100.66
23.99%
32.85
30.4
67.58
90.08
48.43
37.17
29.71
28.88
13.09
16.22
25.5 30.8
47.45
58.43
9.76%
45.39
34.96
114.3
95.41
30.99
37.64
41.77
35.35
26.09
19.29
1402.53
604.81
12.03%
48.56
82.16
50.03
98.38
62.49
84.94
18.34
30.56
16.19
16.63
31.2
721.27
713.94
11.94%
58.02
39.81
177.43
229
54.23
71.19
10.35
13.48
35.9
44.48
32.9
237.93
291.37
9.22%
45.67
45.06
131.06
250.41
51.29
73.65
55.32
67.83
36.02
14.58
33.9
25.49
26.57
7.40%
13.83
14.16
21.18
17.9
13.41
13.38
1.56
1.39
8.59
7.81
52.5
68.89
100.71
14.36%
45.15
51.24
37.89
28.45
16.91
23.63
1.63
5.46
9.66
8.5
52.8
24.8
27.04
5.40%
46.67
30.61
8.86
6.62
9.71
10.82
3.89
2.66
6
4.04
55.8
27.85
22.81
4.37%
23.89
19.23
29.85
31.2
10.96
10.38
3.47
2.88
5.45
5.98
60.6
-9.36
-4.27
-1.15%
30.83
14.58
52.69
36.8
15.88
8.35
3.28
2.25
3.97
2.83
63.3
255.15
226.73
9.43%
26.55
33.4
34.38
49.15
9.07
17.88
1.7
2.11
5.84
8.99
68.9
65.21
72.22
14.83%
25.26
42.08
26.29
31.98
15.52
20.83
5.98
9.61
8.86
16.04
69.8
98.17
120.07
16.70%
90.75
86.77
6.25
5.24
34.62
29.32
8.98
15.79
17.36
22.76
70.5 73.8
12.31
3.88%
27.94
27.06
65.44
53.67
22.6
22.54
3.27
3.09
19.96
19.04
160.82
19.08%
67.93
66.57
7.79
7.31
36.7
31.51
11.27
8.86
14.21
24.62
74.3
74.75
-163.38
-11.99%
107.32
93.92
96.37
89.46
39
25.13
14.92
6.46
12.13
12.42
75.4 77.4
3.27
16.09
4.84%
42.29
47.98
84.94
69.58
16.49
18.72
15.72
13.84
3.5
5.31
48.9
46.6
12.95%
79.07
65
20.67
14.18
234.94
185.14
8.05
7.49
6.47
6.09
77.9
23.84
33.48
9.23%
47.18
51.62
70.63
60.91
34.66
30.07
8.81
8.18
41.6
29.85
78.4
8.04
72.08
20.65%
30.18
36.27
23.73
41.58
26.25
38.53
5.34
21.35
12.85
15.82
82.8
114.15
110.27
9.43%
29.06
28.33
15.28
13.32
28.16
34.34
13.77
11.39
18.5
14.51
83.5
144.82
87.18
6.31%
35.19
38.45
17.14
22.86
47.62
38.43
12.64
13.58
12.88
13.44
85.9
64.54
10.87
1.60%
36.35
49.34
65.42
66.59
60.35
32.67
5.14
5.81
15.44
16.95
87.4
144.56
162.8
8.86%
80.68
74.48
4.88
4.14
56.1
44.54
13.23
14.79
21.28
17.7
87.6
32.93
16.29
5.12%
50.21
45.15
45.25
58.75
13.78
15.23
17.51
20.89
13.74
12.59
87.9
324.7
399.16
27.19%
44.95
53.06
74.08
65.85
43.77
49.77
18.34
13.82
9.41
8.33
89.1
86.94
115.49
13.62%
61.99
73.47
23.98
17.75
22.72
27.94
16.21
25.25
20.62
23.32
90.2
162.71
180.34
13.39%
13.64
23.1
11.71
33.89
19.98
28.62
0.83
1.39
13.45
32.75
90.3
7.67
9.4
2.29%
33.44
31.96
70.9
40.44
65.5
27.88
11.19
10.33
26.26
21.93
90.9
32.32
-51.08
-16.59%
34.97
34.15
26.39
41.81
44.84
45.4
4.92
5.02
18.43
23.27
91
56.82
257.71
37.41%
244.32
135.6
237.93
47.83
172.08
82.4
46.08
16.48
54.99
29.72
91.6
44.27
24.67
5.68%
36.97
28.05
24.85
18.64
142.94
115.86
4.52
4.01
12.15
10.59
92.7
3666.66
2874.87
26.12%
20.3
19.16
65.39
61.68
72.01
89.61
4.71
6.45
6.81
6.91
93.2
195.09
123.23
4.96%
13.66
13.49
86.67
90.24
12.67
20.72
3.55
3.6
30.65
23.53
97.4
54.61
63.11
16.63%
67.21
84.56
71.57
56.24
78.59
115.34
9
5.88
89.25
104.34
100.5
50.99
54.54
16.54%
89.86
99.16
38.33
57.25
49.41
62.22
23.75
32.22
23.69
17.79
100.6
144.86
109.63
14.62%
47.24
52.61
44.93
102.71
156.54
147.53
6.31
5.58
9.85
7.22
100.7
78.8
120.21
19.08%
106.68
110.51
82.14
61.97
51.2
48.25
7.72
11.79
32.11
31.64
101.5
44.59
27.93
7.25%
22.29
24.56
26.68
28.19
98.35
85.21
17.82
14.11
13.19
11.23
101.9
55.95
64.77
13.51%
49.59
51.66
61.87
65.65
31.53
51.77
21.37
26.08
15.52
15.7
102.5
37.41
49.59
9.86%
50.5
52.22
50.94
52.07
88.18
41.15
8.64
11.15
30.32
35.32
102.8
269.02
298.48
20.44%
23.14
29.63
42.45
56.75
50.91
44.22
47.34
45.77
13.32
13.3
104.8
94.83
77.27
10.17%
70.33
62.27
33.63
27.74
55.29
56.57
21.33
17.24
23.05
26.58
105.2
85.54
112.25
9.54%
52.91
55.98
71.87
67.6
57.99
61.8
20.16
21.23
19.45
15.52
105.3 105.5
36.28
26.57
7.36%
41.31
52.79
64.94
35.93
62.71
45.31
22.19
25.08
29.25
26.75
123.64
86.65
8.66%
82.77
83.26
32.03
23.08
203.24
147.62
12.83
10.82
30.14
29.29
106.7
64.37
48.43
10.93%
58.56
66.72
46.14
29.59
58.5
62.39
28.38
26.48
25.09
25.11
106.9 106.9
25.82
22.93
7.29%
59.56
47.41
150.77
84.55
66.31
46.66
12.75
8.24
30.53
25.37
-8.01
-14.65
-4.86%
NA
72.2
103.53
132.86
NA
38.24
NA
9.32
NA
76.28
107
39.86
48.4
9.09%
99.1
85.61
45.84
49.13
55.12
56.4
18.13
20.29
32.24
36.54
107.1
39.08
40.1
12.23%
50.39
55.17
47.14
57.66
49.08
39.4
20.97
21.46
32.73
33.38
107.7
31.49
-7.23
-1.58%
98.3
101.53
78.28
74.85
35.58
26.88
20.98
22.36
60.05
52.69
110
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
TexTILeS
13.11 122.36
STeeL
PBDITA (Rs Crore)
TUBES & PIPES
Working Capital CyCle
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
63
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
48
Alok Industries Ltd.
Cloth (Fabrics)
49
Banswara Syntex Ltd.
Synthetic filament yarn other than sewing threads
50
Hooghly Mills Projects Ltd.
Jute & jute products
51
Garware-Wall Ropes Ltd.
Twine, cordage, rope & cables
52
Himatsingka Seide Ltd.
Woven fabrics of silk
53
Abhishek Industries Ltd.
Terry towelling & similar woven terry fabrics
Net Sales (Rs Crore)
Cost of Goods Sold (Rs Crore)
2008
2009
2008
2009
2443.4
3177.74
1471.51
2237.17
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore) 2008
Fixed Asset Turnover Ratio (FATR)
2009
2009
70.40%
3891.3
5983.85
0.01% 0.20%
438.2
553.01
321.4
373.6
67.56%
319.16
330.89
375.64
388.02
304.29
351.39
90.56%
72.99
68.33
1.33%
398.7
438.95
234.54
227.29
51.78%
128.24
132.72
0.39%
261.2
420.25
206.52
263.96
62.81%
491.7
520.65
0.12%
1085.38
1402.74
742.52
924.48
65.91%
1441.06
1681.06
0.04%
54
Indian Acrylics Ltd.
Acrylic fibre
436.9
367.12
359.7
356.83
97.20%
173.59
163.92
0.59%
55
N R C Ltd.
Man-made filaments
324.97
324.97
312.56
312.56
96.18%
361.22
361.22
0.27%
56
S T L Global Ltd.
Cloth processed
342.69
326.28
303.95
305.32
93.58%
102.09
103.23
0.91%
57
Sutlej Textiles & Inds. Ltd.
Synthetic filament yarn other than sewing threads
826.38
892.14
672.34
619.01
69.38%
601.31
682.59
0.10%
58
S Kumars Nationwide Ltd.
Cloth (Fabrics)
1612.32
1551.17
1012.68
1322.09
85.23%
837.27
1095.84
0.08%
59
National Textile Corpn. Ltd.
Cloth (Fabrics)
680.69
546.73
491.95
395.41
72.32%
406.3
611.32
0.12%
60
Vardhman Textiles Ltd.
Cotton yarn
2328.5
2499.71
1640.54
1706.2
68.26%
2349.8
2240.64
0.03% 0.90%
61
S P L Industries (Shivalik Prints) Ltd.
Apparels (Readymade garment)
331.82
369.4
230.21
237.03
64.17%
78.2
71.47
62
Pearl Global Ltd.
Apparels (Readymade garment)
323.97
416.5
227.48
317.08
76.13%
101.57
105.73
0.72%
63
Bombay Rayon Fashions Ltd.
Cloth (Fabrics)
943.37
1345.8
774.1
983.98
73.11%
679.27
1573.02
0.05%
64
Mudra Lifestyle Ltd.
Cloth (Fabrics)
272.56
310.08
276.36
240.15
77.45%
109.06
263.61
0.29%
65
Gokaldas Exports Ltd.
Apparels (Readymade garment)
1077.4
1170.17
645.35
734.9
62.80%
263.1
253.23
0.25%
66
Raymond Apparel Ltd. [Merged]
Apparels (Readymade garment)
351.23
422.73
220.18
196.12
46.39%
49.78
54.59
0.85%
67
Oswal Woollen Mills Ltd.
Wool & woollen textiles
444.76
540.38
294.88
389.2
72.02%
203.25
208.44
0.35%
68
Super Spinning Mills Ltd.
Cotton & blended yarn
398.9
366.56
270.79
252.02
68.75%
210.92
194.51
0.35%
69
Raymond Ltd.
Woven fabrics of wool
1464.27
1496.76
800.48
832.67
55.63%
733.11
1061.15
0.05%
70
Orient Craft Ltd.
Apparels (Readymade garment)
763.82
859.32
423.53
453.17
52.74%
219.98
265.76
0.20% 0.19%
71
Futura Polyesters Ltd.
Polyester staple fibre (PSF)
420.78
382.11
323.34
276.36
72.32%
364.7
373.06
72
J C T Ltd.
Cloth (Fabrics)
516.15
550.27
350.73
399.84
72.66%
522.34
518.18
0.14%
73
A I Champdany Inds. Ltd.
Jute yarn
272.6
306.96
235.07
226.74
73.87%
102.19
105.71
0.70%
74
Arvind Ltd.
Cloth (Fabrics)
2327.56
2428.81
1340.36
1406.9
57.93%
2152.35
2123.87
0.03%
75
Koutons Retail India Ltd.
Apparels (Readymade garment)
789.75
1040.13
582.6
704.01
67.68%
72.26
124.25
0.54%
76
Eastern Silk Inds. Ltd.
Silk & silk textiles
491.88
534.07
318.68
552.73
103.49%
184.85
177.46
0.58%
tYres, tuBes & ruBBer ProDucts 1
Ralson (India) Ltd.
Cycle tyres
412.78
477.98
341.2
383.56
80.25%
45.69
49.76
1.61%
2
Goodyear India Ltd.
Tyres
894.97
923.32
732.57
799.8
86.62%
115.73
127.75
0.68%
3
Balkrishna Industries Ltd.
Tyres
1001.81
1251.89
656.54
817.58
65.31%
551.88
609.28
0.11%
4
T V S Srichakra Ltd.
Tyres
459.56
577.34
349.35
447.34
77.48%
63.83
72.29
1.07% 0.05%
5
J K Tyre & Inds. Ltd.
Tyres
2829.57
4969.96
2397.31
3845.11
77.37%
1219.14
1409.07
6
Apollo Tyres Ltd.
Tyres
3709.24
4100.59
2877.01
3172.28
77.36%
1065.41
1424.76
0.05%
7
Metro Tyres Ltd.
Tyres & tubes
403.88
445.78
312.01
314.96
70.65%
35.99
33.94
2.08%
8
Ceat Ltd.
Tyres
2335.32
2394.36
1776.08
2040.62
85.23%
790.09
794.93
0.11%
9
H L L Lifecare Ltd.
Sheath contraceptives
338.69
377.53
157.8
208.06
55.11%
64.7
108.32
0.51%
10
Ceat Ltd.
Tyres
4410.75
5054.75
3518.53
4088.81
80.89%
899.78
1310.23
0.06%
Wires & cABles 1
Deepak Cables (India) Ltd.
Cables & other conductors
721.42
727.83
512.86
545.09
74.89%
34.65
39.79
1.88%
2
Ram Ratna Wires Ltd.
Copper winding wires
287.91
303.71
269.99
273.21
89.96%
27.35
32.17
2.80%
3
R P G Cables Ltd. [Merged]
Cables & other conductors
303.02
358.2
276.66
304.82
85.10%
41.84
44.29
1.92%
4
R R Kabel Ltd.
Cables & other conductors
402.77
424.86
368.04
340.59
80.17%
48.2
48.58
1.65% 0.66%
5
Nicco Corpn. Ltd.
Jelly filled cables
434.35
338.48
297.8
248.72
73.48%
120.17
111.06
6
Sterlite Technologies Ltd.
Power cables with aluminium
1698.15
2291.75
1326.41
1714.03
74.79%
560.1
656.67
0.11%
7
Polycab Wires Pvt. Ltd.
Wires & cables, insulated
2277.32
2368.83
1880.23
1999.32
84.40%
104.53
212.23
0.40%
8
Precision Wires India Ltd.
Copper winding wires
574.26
537.39
523.01
477.74
88.90%
131.64
134.69
0.66%
9
Ravin Cables Ltd.
Wires & cables
258.81
307.8
237.84
228.52
74.24%
26.34
24.9
2.98%
10
Diamond Power Infrastructure Ltd.
Cables & other conductors
442.44
568.55
399.14
564.21
99.24%
61.7
140.07
0.71%
11
Havells India Ltd.
Wires & cables, insulated
2060.91
2199.75
1612.62
1130.25
51.38%
385.25
465.48
0.11%
12
Finolex Cables Ltd.
Cables & other conductors
1409.89
1372.07
1169.63
989.61
72.13%
378.38
455.71
0.16% 0.46%
13
Universal Cables Ltd.
Cables & other conductors
495.08
591.01
430.85
389.4
65.89%
145.31
144.01
14
KEI Industries Ltd.
Cables & other conductors
877.81
984.56
778.99
749.34
76.11%
231.39
279.41
0.27%
15
Paramount Communications Ltd.
Jelly filled cables
446.28
459.47
461.56
355.5
77.37%
158.58
191.45
0.40%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009. Source: cMIe Prowess database
64
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
large manufacturing companies Working Capital CyCle PBDITA (Rs Crore)
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2008
2009
823.87
1028.01
32.35%
89.96
86.77
84.5
58.17
80.94
43.42
66.19
79.69
25.8
2009 26.72
53.86
72.93
13.19%
27.47
30.73
53.71
45.96
55.24
56.48
10.6
9.85
41.26
42.99
112.7
10.88
-12.47
-3.21%
41.22
44.4
159.1
149.24
47.99
55.77
10.21
9.31
25.98
20.59
112.9
110.6
44.34
10.10%
91.81
95.72
118.64
87.65
52.43
52.84
27.75
26.3
40.23
39.24
113.8
33.27
7.92%
73.48
50.55
49.02
66.61
61.51
56.18
69.15
81.98
13.65
11.17
114.2
205.81
154.04
10.98%
11.78
12.73
67.09
75.39
91.78
62.24
15.78
12.28
17.64
15.41
116.6
28.76
-57.31
-15.61%
38.71
31.24
121.39
124.95
77.33
102.86
4.62
6.2
20.13
9.79
116.7
-115.55
-115.54
-35.55%
32.43
32.43
145.1
144.48
45.72
45.72
9
9
19.35
19.34
119
30.57
11.67
3.58%
96.62
103.51
40.63
46.89
49.26
55.88
41.93
45.05
30.84
33.33
121.5
115.83
75.4
8.45%
33.63
30.84
34.6
22.71
66.9
75.26
16.38
16.12
35.08
35.13
124.5
346.68
257.73
16.62%
139.02
170.74
35.65
37.13
60.76
59.95
39.19
32.53
54.68
54.55
124.9
-206.22
-147.89
-27.05%
NA
49.73
257.93
355.23
NA
40.83
NA
13.46
NA
33.24
125
425.52
312.62
12.51%
41
40.42
43.21
39.61
147.8
120.66
14.29
13.71
32.51
31.54
125.1
20.88
3.08
0.83%
50.08
41.22
64.9
48.93
35.81
38.89
111.9
130.24
54.14
62.45
126.1
-0.3
15.89
3.82%
34.5
52.67
52.46
103.27
104.24
109.49
5.36
11.41
33.08
29.87
127
229.34
327.64
24.35%
59.81
69.68
31.76
39.02
58.77
74.37
33.34
43.26
35.56
38.41
127.4
48.36
47.8
15.42%
73.28
93.5
60.16
91.79
42.16
54.99
38.58
37.2
45.67
60.29
129.8
113.95
72.62
6.21%
27.52
23.29
31.23
29.67
173.01
173.25
31.9
27.24
15.52
23.02
130.5
30.4
36.27
8.58%
40.12
43.07
64.72
55.45
107.53
118.77
26.17
23.53
58.71
62.69
131.8
73.01
82.57
15.28%
45.4
46.9
84.04
69.74
130.14
105.36
29.74
23.69
33.47
35.91
133.5
49.48
17.21
4.70%
24.81
26.68
68.37
75.92
100.18
90.15
24.45
19.92
23.32
26.64
134.3
230.6
-110.19
-7.36%
75.53
76.62
72.06
89.77
45.59
39.81
51.21
46.84
39.38
47.9
134.4
77.53
-12.5
-1.45%
60.41
63.33
56.85
91.68
144.03
136.89
84.95
82.09
19.12
17.74
137.7
50.99
25.42
6.65%
33.66
34.9
122.52
114.6
71.15
90.62
18.17
20.87
24.16
25.99
139.3
3.72%
27.64
27.57
99.11
100.49
66.52
47.53
32.13
29.48
33.33
28.25
142
4.1
1.34%
28.64
27.82
78.76
75.65
98.83
88.48
12.42
14
78.73
80.78
145.7
308.73
237.77
9.79%
39.85
48.08
58.28
78.5
108.22
62.03
43.67
49.39
37.13
39.84
146.1
148.87
211.05
20.29%
12.67
17.57
69.24
59.81
59.99
69.07
126.19
198.61
124.14
156.78
147.7
98.59
59.73
11.18%
103.57
78.14
88.23
65.33
233.27
257.43
42.79
49.38
55.96
85.19
152.9
23.45
34.99
7.32%
58.74
58.53
53.01
55.26
33.77
25.84
2.79
2.55
16.39
13.93
10.5
78.65
56.87
6.16%
43.58
43.14
74.6
57.77
30.73
24.9
0.84
0.72
10.57
12.99
11.3
233.58
197.69
15.79%
66.27
59.9
46.08
28.78
69.65
49.38
8.97
7.65
11.39
11.84
12.2 13.1
34.04
41.66
7.22%
54.86
54.17
40.2
30.26
66.19
48.78
5.4
4.24
12.1
12.72
267.64
315.8
6.35%
51.95
29.17
93.34
52.51
29.45
16.87
4.13
2.71
28.97
18.22
13.1
476.51
356.37
8.69%
15.78
10.08
53.32
39.24
32.72
25.07
3.43
3.12
22.05
20.57
14.5 16.8
6.03%
71.72
70.39
59.43
59.45
42.01
33.11
4.8
5.26
48.65
43.55
2.32%
40.06
43.87
100.39
93.89
39.41
30.45
4.88
3.75
14.16
16.05
17
33.51
34.7
9.19%
NA
127.08
113.99
167.55
NA
82.66
NA
9.94
NA
22.56
18.4
466.49
442.24
8.75%
39.4
37.07
55.42
69.32
28.39
36.89
9.36
10.23
23.02
24.07
21.6
140.24
75.28
10.34%
223.14
301.74
126.67
164.26
14.28
7.86
4.7
4.58
4.53
4.74
11.9
16.85
11.41
3.76%
49.24
48.22
9.69
11.17
1.27
2.24
3.03
2.43
5.66
5.37
12.4 16.6
16.67
25.43
7.10%
59.54
70.14
74.62
85.58
7.6
7.89
5.23
6.32
3.01
3.86
41.02
36.63
8.62%
37.76
47.44
8.87
7.97
4.27
3.85
9.7
9.02
14.52
14.63
16.9
38.92
-15.69
-4.64%
93.32
123.93
124.69
136.39
11.06
15.5
10.98
15.36
1.24
0.96
18.5 20.9
216.64
199.06
8.69%
102.19
84.98
68.28
83.11
24.36
20.01
9.14
6.42
10.45
5.4
269.83
172.43
7.28%
79.02
88.7
35.97
41.57
43.37
40.64
4.98
8.06
11.45
11.96
21.9
39.97
16.17
3.01%
60.01
56.34
63.32
45.38
13.59
16.83
8.51
9.54
7.88
8.22
22.2
30.67
27.16
8.82%
64.28
75.12
54.82
51.5
15.01
16.89
26.71
28.82
35.65
29.94
22.7
66.11
86.17
15.16%
49.02
51.68
11.68
31.52
9.23
6.83
21.83
25.28
31.19
45.13
23.1
199.52
205.62
9.35%
8.19
12.23
73.86
65.35
26.07
29.86
5.66
5.72
39.87
34.69
25
163.2
18.71
1.36%
21.55
20.4
40.48
44.56
16.16
17.36
21.59
18.38
23.58
22.32
26.2
54.33
47.67
8.07%
46.37
60.98
51.37
60.93
34.98
40.89
26.01
20.9
32
25.05
26.7
108.37
26.29
2.67%
80.41
87.8
94.39
72.93
17.92
13.55
43.29
35.07
32.71
30.79
26.9
76.67
11.65
2.54%
83.47
102.73
76.88
74.34
29.84
34.73
61.23
70.94
56.54
65.28
32.1
wIreS
26.9 55.47
& cABLeS
27.63 207.64
TYreS,
20.46
TuBeS & ruBBer ProeucTS
55.17 16.47
TexTILeS
54.15 12.58
Disclaimer: While every care has been taken to ensure accuracy in compiling this data, neither the publisher nor the editor will be responsible for any omissions or errors, or be held responsible for actions taken by any person (s) in reliance upon the data herein. errors, omissions and mistakes may be brought to the attention of the editor for rectification in future issues of the magazine. www.industry20.com
industry 2.0
- technology management for decision-makers | february 2011
65
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore) 2008
2009
Fixed Asset Turnover Ratio (FATR) 2009
Auto AncillAries 1
Esvee Precision Components Ltd.
Automobile ancillaries
51.84
63.1
37.74
47.22
74.83%
10.89
10.33
7.24%
2
Bhagwati Autocast Ltd.
Automobile ancillaries
49.04
56.8
35.06
40.69
71.64%
6.2
5.6
12.79%
3
Lumax D K Auto Inds. Ltd.
Auto head lights
114.22
134.98
92.92
109.43
81.07%
38.17
37.77
2.15%
4
India Nippon Electricals Ltd.
Flywheel magnetos
126.89
135.64
89.72
100.5
74.09%
20.62
21.88
3.39%
5
High Technology Transmission Systems (India) Pvt. Ltd.
Clutch assembly
136.85
141.57
103.89
104.38
73.73%
42.59
38.91
1.89%
6
Bharat Seats Ltd.
Auto seating systems
199.96
219.67
180.97
199.54
90.84%
27.21
26.57
3.42% 6.64%
7
Jay Bharat Exhaust Systems Ltd.
Exhaust systems & components
74.61
82.47
57.07
63.48
76.97%
11.31
11.6
8
Rasandik Auto Components Pvt. Ltd.
Automobile ancillaries
11.32
14.84
8.46
10.16
68.46%
9.11
7.54
9.08%
9
Jagan Lamps Ltd.
Auto head lights
7.19
10.93
5.2
8.36
76.49%
6.26
5.91
12.94%
10
Munjal Auto Inds. Ltd.
Automobile ancillaries
218.16
237.3
164.89
179.06
75.46%
46.15
55.23
1.37%
11
Sundaram Brake Linings Ltd.
Brake linings
187.43
170.85
123.14
116.13
67.97%
74.6
71.13
0.96%
12
Reil Electricals India Ltd.
Starter motors
33.19
33.74
23.09
22.68
67.22%
5
4.58
14.68%
13
Rane Brake Lining Ltd.
Brake linings
181.14
190.72
107.93
120.25
63.05%
85.44
95.51
0.66%
14
Minda Corporation Ltd.
Automobile locks
183.97
207.29
132.08
147.06
70.94%
60.08
65.07
1.09%
15
Suprajit Engineering Ltd.
Automobile equipment
138.51
165.14
112.52
127.4
77.15%
51.39
53.97
1.43%
16
Swaraj Automotives Ltd.
Auto seating systems
67.22
65.38
51.96
49.46
75.65%
7.23
7.04
10.75% 1.06%
17
Harita Seating Systems Ltd.
Auto seating systems
192.42
196.55
152.59
166.37
84.65%
55.47
80
18
Caparo Maruti Ltd.
Auto sheet metals parts
157.44
256.77
127.36
197.14
76.78%
74.76
84.03
0.91%
19
K R Rubberite Ltd.
Automobile ancillaries
33.73
44.18
27.49
37.58
85.06%
12.53
13.19
6.45%
80.77
93.27
63.92
75.99
81.47%
25.75
28.67
2.84%
8.36
159.42
5.51
102.01
63.99%
220.15
231.14
0.28%
51.14
34.18
37.78
73.88%
12.71
12.15
6.08%
20
Minda Stoneridge Instruments Ltd.
Automobile ancillaries
21
Bright Autoplast Pvt. Ltd.
Auto plastic moulded components
22
T C Springs Ltd.
Leaf springs (Automotive)
48.75
23
Menon Pistons Ltd.
Pistons
101.44
107.49
62.16
67.53
62.82%
17.53
18.76
3.35%
24
Precision Camshafts Ltd.
Automobile ancillaries
103.12
155.63
62.04
100.3
64.45%
63.03
76.81
0.84%
25
Sundram Bleistahl Ltd.
Valve guides / push rods
26
Kalyani Hayes Lemmerz Ltd.
Wheels/wheel rims
27
Deepak Industries Ltd.
Gears including crown wheels
28
Mahindra Sona Ltd.
Automobile ancillaries
14.05
18.08
8.26
10.71
59.24%
17.44
18.58
3.19%
248.37
264.94
156.53
175.16
66.11%
102.28
144
0.46%
91.66
189.71
53.52
110.1
58.04%
27.69
35.52
1.63%
144.22
142.46
104.93
91.37
64.14%
21.98
26.97
2.38%
29
Vaid Elastomer Processors Ltd.
Automobile ancillaries
37.13
21.5
23.92
14.35
66.74%
26.53
24.32
2.74%
30
India Forge & Drop Stampings Ltd.
Automobile ancillaries
104.52
100.66
78.38
76.32
75.82%
12.72
14.21
5.34% 1.00%
31
Setco Automotive Ltd.
Clutch plates/discs
141.34
164.17
96.1
111.25
67.77%
46.7
67.65
32
G S Auto International Ltd.
Other Automobile ancillaries
81.48
92.94
54.96
64.43
69.32%
9.29
9.72
7.13%
33
Standard Radiators Pvt. Ltd.
Radiators
42.17
35.49
32.73
25.71
72.44%
5.73
6.15
11.78%
34
Amalgamations Repco Ltd.
Drive transmission & steering parts
67.94
70.51
51.03
55.98
79.39%
9.24
11.38
6.98%
35
Climate System India Ltd.
Radiators
75.93
108.78
53.48
76.42
70.25%
17.96
25.12
2.80%
36
A T S Elgi Ltd.
Automobile equipment
37
Z F Steering Gear (India) Ltd.
Steering gears
38
Elofic Industries Ltd.
Automotive filters
39
Sona Okegawa Precision Forgings Ltd.
Gears including crown wheels
52.57
73.22
54.11
51.61
70.49%
1.77
2.52
27.97%
228.53
169.07
157.53
117.11
69.27%
35.08
29.4
2.36%
71.7
81.33
51.47
55.4
68.12%
16.12
22.48
3.03%
138.13
120.44
69.16
58.17
48.30%
52.19
51.08
0.95% 22.35%
40
Gujarat Automotive Gears Ltd.
Gears including crown wheels
10.72
13.2
7.13
5.93
44.92%
1.41
2.01
41
Deltronix India Ltd.
Automobile ancillaries
28.43
28.58
18.44
17.48
61.16%
18.84
20.01
3.06%
42
I P Pins & Liners Ltd.
Automobile engine parts
15.11
17.47
7.41
10.2
58.39%
10.5
14.3
4.08% 12.07%
43
Frontier Springs Ltd.
Leaf springs (Automotive)
23.73
26.21
15.32
19.42
74.09%
5.03
6.14
44
Samkrg Pistons & Rings Ltd.
Pistons
94.13
100.22
42.02
48.13
48.02%
60.26
75.13
0.64%
45
Hindustan Hardy Spicer Ltd.
Propeller shafts
33.15
30.52
24.67
23.13
75.79%
6.13
6.75
11.23% 61.75%
46
Canara Workshops Ltd.
Leaf springs (Automotive)
23.25
22.62
16.19
21.79
96.33%
0.94
1.56
47
Indication Instruments Ltd.
Auto dashboard instruments
64.24
60.32
45.45
39.42
65.35%
17.74
16.95
3.86%
48
Upasana Engineering Ltd.
Automobile ancillaries
22.81
32.26
14.91
23.44
72.66%
23.1
23.78
3.06%
228.77
255.99
159.47
167.84
65.57%
40.88
39.77
1.65%
60.87
62.73
43.36
40.01
63.78%
14.43
14.01
4.55%
49
Sundaram Industries Ltd.
Automobile ancillaries
50
Talbros Engineering Ltd.
Axle shafts
51
Menon Bearings Ltd.
Other Automobile ancillaries
52
Autoline Industries Ltd.
Automobile ancillaries
53
Jonas Woodhead & Sons (India) Ltd.
Leaf springs (Automotive)
19.64
19.3
54
X L O India Ltd.
Steering gears
30.55
26.07
207.96
233.82
148.58
163.51
81.78
81.22
44.93
47.42
55
Amtek Ring Gears Ltd.
Automobile ancillaries
56
Ring Plus Aqua Ltd.
Thickwall, thinwall bearings
35.21
44.35
21.19
23.3
52.54%
11.31
29.21
1.80%
239.69
209.25
188.11
178.57
85.34%
156.71
204.89
0.42%
12.76
12.82
66.42%
11.73
14.17
4.69%
24.89
23.09
88.57%
1.99
1.79
49.48%
69.93%
107.7
110.69
0.63%
58.38%
26.62
27.81
2.10%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
66
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
5.38
6.62
10.49%
30.87
36.08
14.88
20.66
12.96
10.39
3.15
2.2
0.64
0.5
81.1
3.16
3.87
6.81%
96.76
90.6
79.58
51.96
17.21
13.44
1.78
1.95
6.01
3.71
82.9
17.54
19.42
14.39%
54.78
62.73
79.18
61.57
15.28
15.87
0.9
1.18
1.21
0.63
97
21.3
17.75
13.09%
64.32
60.56
43.64
52
16.51
19.5
3.43
3.21
4.77
3.24
105.3
16.4
19.71
13.92%
53.42
50.93
35.76
37.38
15.8
17.62
6.36
7.12
1.2
0.9
106
7.88
7.22
3.29%
16.11
20.34
27.68
34.01
5.46
7.43
1.47
1.4
0.37
0.57
108.8
6.69
7.35
8.91%
16.71
17.88
48.67
30.55
21.73
17.03
5.45
4.73
2.2
1.42
109.1
0.91
2.33
15.70%
64.26
54.59
65.75
70.65
39.57
26.74
4.45
4.73
1.6
1.99
110.4
4.94%
117.94
59.35
131.05
82.34
2.88
1.35
0.65
0.2
2.66
3.34
111.7
9.41%
36.33
29.02
43.58
50.45
20.71
16.51
1.76
1.75
0.3
0.45
111.9
27.19
18.51
10.83%
86.03
84.68
49.41
40.42
26.56
28.06
4.93
5.04
3.52
4.87
115.1
4.01
4.57
13.54%
96.34
88.9
72.52
52.36
77.84
68.21
4.87
1.86
2.92
3.91
118.6
21.02
20.26
10.62%
NA
81.42
55.99
42.15
NA
32.11
NA
7.55
NA
3.58
119.6
21.89
25.11
12.11%
45.78
40.17
78.16
68.33
32.07
17.95
2.42
1.46
2.79
1.82
120.6
18.47
27.84
16.86%
75.11
68.72
38.2
44.17
26.54
23.25
5.67
4.85
5
5.32
122.1
9.15
8.19
12.53%
72.88
71.38
92.57
61.46
26
22.43
7.3
6.87
4.26
4.89
122.2 123.7
17.73
3.72
1.89%
49.55
77.27
64.61
60.99
15.7
14.98
2.57
2.97
2.54
3.06
21.72
43.51
16.95%
22.31
13.17
53.81
45.26
24.5
21.42
3.92
3.66
3.01
2.72
127
2.38
2.81
6.36%
18.87
28.21
74.21
42.55
22.22
26.57
3.85
2.12
1.01
2.65
129.2
9.19
9.31
9.98%
NA
64.05
78.98
66.87
NA
13.24
NA
4.07
NA
5.19
131.1
1.54
24.97
15.66%
NA
21.09
1988.85
74.05
NA
16.96
NA
6.65
NA
0.84
133.1 133.4
2.41
2.68
5.24%
45.9
45.55
24.44
23.52
47.16
36.59
7.2
5.95
2.32
3.5
12.47
13.71
12.75%
103.84
104.59
40.68
27.34
32.04
26.01
22.27
20.98
8.04
11.64
134.9
13.74
27.45
17.64%
49.53
50.69
87.8
69.56
14.74
12.75
11.93
8.26
1.43
4.97
136.2
2.64
3.09
17.09%
62.52
87.78
50.14
58.83
47.47
66.18
9.61
10.19
2.17
3.39
137
36.83
34.98
13.20%
NA
39.65
33.84
36.38
NA
23.37
NA
9.1
NA
4.14
139.8
11.31
33.55
17.68%
86.57
66.76
154.96
79.3
33.76
27.39
14.6
7.61
14.39
7.11
143.9
18.72
21.59
15.16%
88.25
86.78
67.04
57.34
22.88
26.44
35.9
39.61
4.45
4.8
144.3
4.61
0.51
2.37%
57.26
61.06
51.62
34.09
27.03
21.57
8.31
10.01
4.76
7.97
144.9
3.18
2.84
2.82%
31.34
35.77
62.98
75.76
9.2
8.2
12.27
14.67
0.27
0.3
145.1
24.77
24.92
15.18%
53.47
59.34
35.88
30.28
39.05
34.42
19.38
18.11
3.7
3.75
147
4.92
5.5
5.92%
51.41
48.67
58.32
45.49
31.86
30.87
11
6.89
6.07
6.92
149.2
3.58
2.79
7.86%
81.58
80.54
35.19
32.61
46.5
47.19
9.31
12.7
5.36
6.41
149.3
3.36
2.79
3.96%
86.33
86.39
67.02
60.61
44
38.97
7.64
6.91
5.31
4.9
149.8
13.05
15.64
14.38%
NA
34.89
74.63
69.26
NA
44.55
NA
4.56
NA
2.56
151.6
4.08
3.52
4.81%
NA
74.39
80.52
46.78
NA
27.34
NA
6.01
NA
31.76
154.2
50.42
29.84
17.65%
38.15
41.9
25.45
24.18
50.1
86.06
11.46
14.33
0.34
0.55
154.8
5.69
10.23
12.58%
55.93
53.04
54.46
44.26
43.38
40.52
0.77
0.91
18.93
16.64
154.8
20.49
22.38
18.58%
78.5
110.25
85.38
64.8
32.99
43.85
14.72
16.95
3.26
6.92
156.2
1.16
2.32
17.58%
55.4
41.59
62.14
44.32
26.43
18.57
50.82
36.93
15.32
16.53
157.2
5.79
6.05
21.17%
46.95
54.06
30.11
37.08
75.1
75.85
8.68
13.22
4.6
5.21
161.5
2.43
1.53
8.76%
89.8
76.6
89.22
101.71
28.98
24.87
39.09
40.59
6.64
3.99
162.8
2.85
2.41
9.19%
54.22
60.99
29.36
46.32
41.48
39.83
11.29
4.36
22.28
21.47
163.5
20.93
17.07
17.03%
81.4
80.61
64.67
69.51
51.34
40.62
35.09
25.46
5.59
4.52
164.2
2.26
0.89
2.92%
91.3
86.77
49.47
43.26
32.89
43.01
15.72
16.15
3.75
7.2
165.1
1.44
2.09
9.24%
96.76
96.59
77.65
62.95
17.97
19.62
9.85
8.67
36.56
47.02
165.2
7.88
7.78
12.90%
56.08
62.76
41.66
40.12
32.09
39.68
15.15
15.72
12.69
12.55
165.3
0.93
1.1
3.41%
61.96
63.16
60.5
72.86
26.89
24.37
6.38
6.15
7.75
10.24
165.5
24.97
24.49
9.57%
53.97
47.22
67.69
51.68
43.4
30.19
8.18
5.58
17.23
15.23
165.7
4.93
5.5
8.77%
55.32
63.02
73.18
60.5
25.01
25.83
63.14
49.74
5.79
5.03
169.2 171.2
7.29
9.01
20.32%
105.75
106.56
78.01
52.49
44.04
36.32
21.9
26.75
35.05
24.88
38.77
21.73
10.38%
18.43
28.19
37.53
62.59
48.05
35.56
5.45
5.37
2.28
2.63
171.4
1.58
3.12
16.17%
106.41
112.9
157.76
140.16
35.49
40.7
3.14
6.54
29.23
40.94
173.2 173.7
1.78
-0.99
-3.80%
59.17
68.41
105.87
124.21
28.91
35.99
14.48
16.46
0.84
0.93
50.18
60.69
25.96%
45.92
50.89
74.06
103.54
9.34
15.32
106.73
97.77
1.22
1.78
174.1
15.45
8.6
10.59%
73.45
74.11
72.65
48.5
67.06
59.43
10.45
10.02
11.58
11.41
174.7
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
AuTo
0.54 22.34
AncIllArIes
0.48 20.98
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
67
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
57
M & M Auto Inds. Ltd.
Leaf springs (Automotive)
58
Shivam Autotech Ltd.
Automobile ancillaries
59
Autolite (India) Ltd.
Auto head lights
60
Triton Valves Ltd.
Engine valves
61
Banco Products (India) Ltd.
Automobile engine parts
62
H M M Coaches Ltd.
63
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
37.52
39.97
23.24
27.69
69.28%
33.45
36.87
2009 1.88%
124.29
143.03
51.06
68.39
47.82%
158.2
219.05
0.22%
71
76.34
43.79
57.68
75.56%
26.19
25.15
3.00%
74.91
78.52
56.44
59.5
75.78%
27.07
30.12
2.52%
305.03
293.46
190.95
178.54
60.84%
65.4
79.77
0.76%
Bus body
70.99
68.21
61.26
59.48
87.20%
44.85
47.21
1.85%
Federal-Mogul T P R (India) Ltd.
Piston rings
62.99
62.81
17.32
15.04
23.95%
21.95
20.59
1.16%
64
Jay Ushin Ltd.
Automobile locks
240.43
254.39
196.6
210.73
82.84%
56.23
69.95
1.18% 5.75%
65
Remsons Industries Ltd.
Automobile equipment
55.07
54.67
42.33
42.87
78.42%
15.18
13.64
66
Bimetal Bearings Ltd.
Thickwall, thinwall bearings
107.99
128.63
71.99
78.96
61.39%
33.13
31.97
1.92%
67
J B M Auto Ltd.
Automobile ancillaries
186.53
216.19
148.81
160.24
74.12%
88.08
115.94
0.64%
68
Renowned Auto Products Mfrs. Ltd.
Shock absorbers
83.3
104.89
70.73
95.33
90.89%
19.35
23.45
3.88%
69
Hi-Tech Gears Ltd.
Drive transmission & steering parts
287.62
294.6
148.24
170.89
58.01%
146.96
144.81
0.40%
70
Pradeep Metals Ltd.
Automobile ancillaries
70.47
82.91
51.64
55.09
66.45%
16.31
16.62
4.00%
71
A B I-Showatech (India) Ltd.
Automobile ancillaries
128.78
143.37
64.49
72.82
50.79%
66.57
68.07
0.75%
72
K A R Mobiles Ltd.
Engine valves
89.69
96.71
57.3
66.04
68.29%
14.47
18.82
3.63%
160.95
187
106.74
145.07
77.58%
34.4
36.03
2.15%
16.28
26.51
5.5
10.16
38.33%
2.1
2.11
18.16% 3.98%
73
Amalgamations Valeo Clutch Pvt. Ltd.
Clutch assembly
74
Eimco-K C P Ltd.
Automobile engine parts
75
K E W Industries Ltd.
Automobile ancillaries
76
India Pistons Ltd.
Pistons
77
Perfect Circle India Ltd.
Automobile engine parts
62.78
53.23
37.19
55.21
103.72%
27.22
26.04
268.77
222.92
173.88
151.73
68.06%
65.95
66.4
1.03%
78.4
75.29
38.51
35.81
47.56%
47.81
45.54
1.04%
78
Hindustan Composites Ltd.
Brake linings
71.57
76.99
44.77
46.46
60.35%
45.17
32.67
1.85%
79
Trelleborg Automotive India Pvt. Ltd.
Auto rubber & rubber moulded parts
51.48
50.86
35.53
37.49
73.71%
13.4
13.52
5.45%
80
Sar Auto Products Ltd.
Gears including crown wheels
2.64
19.67
1.05
1.89
9.61%
5.57
7.37
1.30%
81
Adroit Industries (India) Ltd.
Propeller shafts
21.97
24.92
14.99
11.84
47.51%
4.6
5.08
9.35%
82
Rane T R W Steering Systems Ltd.
Steering gears
372.07
290.14
212.02
191
65.83%
97.1
110.58
0.60%
83
Automotive Composite Systems (International) Ltd.
Auto plastic moulded components
66.16
69.43
53.94
41.36
59.57%
37.19
33.46
1.78%
84
Roto Pumps Ltd.
Rotor pumps
39.97
49.59
24.83
32.11
64.75%
6.36
10.25
6.32% 0.58%
85
Kalyani Thermal Systems Ltd.
Automobile ancillaries
107.78
145.19
76.29
115.56
79.59%
82.25
137.62
86
R S B Transmissions (I) Ltd.
Propeller shafts
210.17
198.62
150.85
134.38
67.66%
133.74
184.13
0.37%
87
Victor Gaskets India Ltd.
Gaskets
34.55
35.59
22.43
26.24
73.73%
12.6
11.64
6.33%
88
Pinnacle Industries Ltd.
Automobile ancillaries
82.98
65.98
70.8
52.66
79.81%
24.13
24.68
3.23%
89
Q H Talbros Ltd.
Steering linkages
178.86
186.09
129.54
138.12
74.22%
43.71
52.06
1.43%
90
Kalyani Forge Ltd.
Automobile ancillaries
191.71
163.09
133.37
115.67
70.92%
74.65
92.92
0.76%
104.87
97.06
68.84
68.35
70.42%
24.61
27.49
2.56%
66.41
76.41
49.89
69.36
90.77%
9.34
10.04
9.04%
198.36
219.59
109.45
136
61.93%
113.86
130.42
0.47%
49.97
63.13
20.6
28.73
45.51%
17.8
25.94
1.75%
239.84
243.6
148.77
171.39
70.36%
61.75
69.97
1.01%
62.1
72.84
37.65
44.9
61.64%
41.6
37.48
1.64% 0.62%
91
Yuken India Ltd.
Fuel pumps
92
Lamina Suspension Products Ltd.
Leaf springs (Automotive)
93
Rane Engine Valve Ltd.
Engine valves
94
Veljan Denison Ltd.
Hydraulic pumps
95
Bharat Gears Ltd.
Gears including crown wheels
96
Mahindra Gears & Transmissions Pvt. Ltd.
Automobile ancillaries
97
Hi-Tech Arai Ltd.
Oil seals
146.43
153.12
72.29
78.56
51.31%
68.51
82.46
98
Ghatge Patil Inds. Ltd.
Auto castings
256.93
275.88
182.56
180.43
65.40%
61.17
60.5
1.08%
99
India Japan Lighting Pvt. Ltd.
Electrical automobile parts
134.38
145.14
99.6
107.94
74.37%
130.9
144.38
0.52%
100
I P Rings Ltd.
Piston rings
53.9
48.35
26.09
25.11
51.93%
37.28
37.22
1.40%
101
Raunaq Automotive Components Ltd.
Drive transmission & steering parts
52.05
58.45
35.42
41.4
70.83%
17.29
21.43
3.31%
102
Fiem Industries Ltd.
Other auto lights
179.02
219.92
139.34
175.8
79.94%
142.78
150.43
0.53% 4.40%
103
Schrader Duncan Ltd.
Automobile engine parts
56.86
53.89
43.81
38.82
72.04%
5.18
16.38
104
Simmonds Marshall Ltd.
Other Automobile ancillaries
30.72
33.24
19.49
21.33
64.17%
8.37
10.79
5.95%
105
Clutch Auto Ltd.
Drive transmission & steering parts
217.55
197.58
154.01
131.05
66.33%
92.17
151.29
0.44%
106
Liners India Ltd.
Cylinder liners
70.73
77.24
42.91
52.21
67.59%
22.15
22.61
2.99%
107
Balaji Pressure Vessels Ltd.
Brake assembly
21.07
21.76
16.26
14.5
66.64%
8.51
7.91
8.42%
108
Apex Auto Ltd.
Other Automobile ancillaries
113.89
102.36
80.11
67.53
65.97%
66.73
73.45
0.90%
109
Hero Motors Ltd.
Automobile ancillaries
241.35
169.54
214.68
134.15
79.13%
168.96
203.78
0.39%
110
Lumax Auto Technologies Ltd.
Automobile ancillaries
177.4
161.56
153.97
139.29
86.22%
35.88
35.46
2.43%
111
Behr India Ltd.
Automobile ancillaries
468.68
272.4
369.33
210.84
77.40%
98.8
112.89
0.69%
112
N H K Spring India Ltd.
Automobile ancillaries
79.02
86.45
55.01
61.89
71.59%
65.24
87.86
0.81%
113
Rane N S K Steering Systems Ltd.
Drive transmission & steering parts
50.88
78.59
39.75
63.69
81.04%
41.5
51.57
1.57%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
68
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
5.94
6.93
17.34%
32.76
20.79
67.24
57.8
35.76
24.66
49.32
65.38
0.99
2.73
175.1
32.87
32.33
22.60%
54.1
39.28
62.49
70.48
50.66
63.23
15.55
17.2
1.5
0.34
175.2
11
6.89
9.03%
60.33
62.21
96.67
66.96
45.27
32.96
8.8
11.04
7.58
7.54
176.7
7.9
10.06
12.81%
76.81
73.75
31
14.81
63.67
57.45
23.9
20.28
6.44
7.25
178.5
61.7
58.13
19.81%
74.18
78.96
35.94
36.69
52.28
69.34
13.33
14.29
11.57
13.77
179.1
6.98
6.57
9.63%
90.43
82.06
133.18
84.6
24.58
29.38
35.38
38.63
2.79
3.24
181.2 182.1
30.47%
122.34
178.27
38.4
45.87
206.02
222.67
28.77
26.58
16.13
8.83
4.91%
18.72
25.85
61.07
82.81
37.63
42.11
0.18
0.93
2.12
3.08
183
0.43
-0.88
-1.61%
83.38
75.31
98.94
58.1
30.34
33.97
13.74
13.52
13.09
12.72
184
16.88
15.57
12.10%
82.79
80.79
58.68
35.23
84.73
75.83
11.5
9.26
31.78
25.98
184.1
19.97
24.41
11.29%
66.78
86.57
95.4
115.72
36.8
37.26
61
74.09
0.34
0.32
184.2
-0.5
-8.56
-8.16%
65.45
73.65
190.16
218.04
48.21
38.43
1.01
0.78
13.26
9.55
184.9
38.41
33.14
11.25%
36.14
35.22
65.89
73.15
54.44
48.87
18.63
16.52
2.76
0.85
185.4 186.7
4.93
5.66
6.83%
75.11
78.08
67.71
54.65
104.63
91.18
67.58
54.57
0.93
0.66
44.82
32.85
22.91%
53.39
38.75
100.46
61.52
48.24
41.98
9.88
5.85
38.15
40.25
187
5.91
4.93
5.10%
70.56
73.67
67.52
46.68
76.39
57
16.09
12.93
11.7
12.01
188.3
31.56
14.61
7.81%
58
56.43
67.09
74.44
39.65
34.07
9.74
7.61
12.56
9.56
189.5
1.24
1.68
6.34%
161.74
155.98
151.85
153
63.66
51.37
71.59
62.16
3.42
4.24
189.5
9.48
7.85
14.75%
120.74
202.47
37.32
23.71
23.86
35
54.78
48.73
35.24
43.62
191.8
25.57
3.95
1.77%
65.2
67.23
60.71
43.09
27.28
22.91
29.06
24.94
24.35
23.02
193.9
8.29
11
14.61%
66.1
58.24
76.46
62.2
28.75
28.55
20.85
21.31
25.99
28.32
194.2
3.41
5.18
6.73%
68.14
63.3
85.22
69.63
48.57
46.21
17.53
16.53
8.33
7.86
194.5
3.22
3.74
7.35%
NA
64.7
72.05
65.29
NA
47.82
NA
8.6
NA
12.99
195
0.71
14.84
75.44%
130.46
69.93
139.79
20.45
66.59
94.76
48.56
177.91
0
6.93
195.6
4.82
4.38
17.58%
55.87
53.3
69.63
45.68
52.07
164.6
29.11
40.57
5.4
6.92
196.9
90.56
47.23
16.28%
32.3
38.1
35.69
54.51
40.82
47.37
5.95
6.78
10.55
15.87
196.9
-15.21
2.43
3.50%
NA
46.15
132.41
136.36
NA
24.98
NA
56.76
NA
2.8
197.5
6.55
7.54
15.20%
78.4
66.04
72.56
49.18
58.81
70.06
17.13
12.24
62.01
51.81
198
18.37
21.33
14.69%
55.4
69.79
79.41
122.53
46.32
43.21
20.02
30.26
0.22
1.78
198.3
26.32
26.38
13.28%
23.32
26.41
59.63
63.98
42.84
49.87
35.71
37.18
0.34
0.48
199.7
2.8
2.26
6.35%
78.26
71.94
87.33
71.74
39.07
41.87
15.7
14.48
15.82
15.96
200.5
4.68
5.22
7.91%
71.23
83.43
107.3
123.44
46.13
80.31
13.73
22.24
1.93
1.8
202.1
19.45
17.63
9.47%
76.1
80.7
119.24
117.59
38.74
36.79
8.87
7.65
23.23
27.45
202.5
26.54
14.16
8.68%
85.05
100.39
76.45
85.58
49.25
57.11
23.73
25.55
2.73
4.35
202.9
13.95
6.38
6.57%
95.59
112.11
79.94
64.72
78.54
81.45
20.03
20.52
7.27
7.44
202.9 203.2
5.77
6.09
7.97%
NA
75.08
121.22
100.81
NA
29.86
NA
15.87
NA
24.74
19.36
24.61
11.21%
NA
53.26
37.46
50.03
NA
59.11
NA
13.28
NA
11
203.4
16.95
17.7
28.04%
111.16
115.05
108.95
85.67
96.5
80.08
33.91
42.2
6.47
10.07
203.8
31.26
22.08
9.06%
72.62
73.25
90.94
75.7
49.33
42.75
23.2
17.93
6.53
9.14
204.2
8.46
12.79
17.56%
84.62
90.56
97.85
64.1
48.13
53.64
46.24
35.99
18.1
24.91
204.8
38.7
28.43
18.57%
NA
73.74
64.16
80.62
NA
97.58
NA
75.65
NA
1.84
205.9
22.97
24.69
8.95%
71.32
53.91
93.83
47.66
51.99
51.11
25.7
23.82
2.48
8.88
206.2
-6.75
12.44
8.57%
NA
25.78
119.53
113.2
NA
40.38
NA
6.55
NA
5.27
208.5
9.28
7.2
14.89%
73.96
80
47.64
48.65
115.72
120.44
28.1
30.65
14.03
15.58
211.7
4.86
5.33
9.12%
41.58
38.59
58.7
48.94
48.72
48.7
21.77
20.15
11.44
11.86
212.1
24.11
22.44
10.20%
42.71
43.19
55.58
105.66
32.56
25.37
24.94
26.04
4.15
5.18
212.4
4.31
2.33
4.32%
75.5
69.89
70
58.28
46.68
47.13
31.43
30.99
15.04
12.04
212.6
6.54
4.96
14.92%
67.27
79.1
57.51
38.96
99.5
128.06
59.68
46.82
16.61
20.4
213.1
33.48
26.92
13.62%
157.9
165.13
69.27
100.82
34.02
44.11
51.99
68.11
9.51
8.54
213.3
7.25
5.91
7.65%
71.3
77.9
51.79
57.74
32.87
42.74
56.42
44.57
13.75
22.15
214.5
2.09
1.88
8.64%
124.58
156.96
59.49
80.59
74.35
82.59
30.53
49.8
11.18
10.15
218.5
24.14
16.19
15.82%
13.12
20.61
42.35
24.9
45.8
55.55
19.22
21.15
14.36
19.09
218.9
5.62
1.5
0.88%
22.97
31.94
57.63
105.46
18.87
30.46
2.58
6.13
6.92
10.23
220.3
7.37
3.63
2.25%
39.72
41.69
72.5
76.79
37.49
63.83
3.32
3.39
7.79
12.02
223.9
43.74
7.85
2.88%
NA
62.3
70.6
140.13
NA
54.27
NA
2.41
NA
12.91
224.6
14.75
10.06
11.64%
38.52
43.23
47.68
75.53
38.29
46.97
25.66
17.05
8.43
11.71
225.7
2.79
4.15
5.28%
25.76
40.17
144.23
166.73
25.25
38.35
11.1
8.17
8.57
10.58
226.7
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
AuTo
19.14 12.48
AncIllArIes
14.14 12.87
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
69
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
114
Automotive Coaches & Components Ltd.
Automobile bodies
116.07
82.26
89.95
70.9
86.19%
18.08
17.56
2009 4.91%
115
Rasandik Engineering Inds. India Ltd.
Automobile ancillaries
183.53
198.33
141.03
154.48
77.89%
168.09
205.31
0.38% 0.42%
116
Ramkrishna Forgings Ltd.
Automobile ancillaries
202.02
221.87
142.87
178.96
80.66%
167.35
194.08
117
Lumax Automotive Systems Ltd.
Filter elements, inserts
102.08
100.32
78.27
77.37
77.12%
60.73
68.64
1.12%
118
J M T Auto Ltd.
Drive transmission & steering parts
201.3
190.54
149.09
116.56
61.17%
162.74
173.37
0.35% 4.48%
119
Haldex India Ltd.
Suspension & braking parts
94.44
46.44
74.57
36.55
78.70%
17.12
17.55
120
Amforge Industries Ltd.
Automobile ancillaries
50.8
29.83
41.86
27.53
92.29%
13.51
12.64
7.30%
121
Spaco Technologies (India) Pvt. Ltd.
Carburettors
79.78
56.96
38.64
31.68
55.62%
21.35
19.96
2.79%
122
E L Forge Ltd.
Automobile ancillaries
105.75
87.07
81
66.04
75.85%
88.7
125.69
0.60%
123
Tata Yazaki Autocomp Ltd.
Wiring harness & parts
255.11
226.53
196.4
182.22
80.44%
54.8
61.13
1.32%
124
H S I Automotives Ltd.
Automobile ancillaries, nec
145.58
191.6
116.24
135.9
70.93%
87.97
185.72
0.38% 1.32%
125
Ceekay Daikin Ltd.
Drive transmission & steering parts
97.15
102.06
70.99
80.72
79.09%
44.2
60.03
126
Hella India Lighting Ltd.
Auto head lights
22.51
23.87
19.98
22.44
94.01%
12.45
22.86
4.11%
127
Talbros Automotive Components Ltd.
Gaskets
177.89
196.21
127.75
136.14
69.38%
92.63
98.79
0.70%
128
A N G Industries Ltd.
Suspension & braking parts
145.28
116.75
111.97
62.14
53.22%
89.93
110.94
0.48%
129
Krishna Engineering Works Ltd.
Auto castings
40.05
25.3
38.88
19.39
76.64%
21.7
18.21
4.21%
130
Shardlow India Ltd.
Crankshafts
94.12
69
80.83
50.08
72.58%
17.69
18.88
3.84%
131
Vybra Automet Ltd.
Automobile ancillaries
60.2
53.53
42.74
50.61
94.55%
50.86
52.55
1.80%
132
Gajra Differential Gears Pvt. Ltd.
Gears including crown wheels
25.25
28.59
14.91
17.82
62.33%
26.91
25.95
2.40%
133
Gajra Gears Pvt. Ltd.
Gears including crown wheels
119.61
120.75
72.55
87.62
72.56%
50.54
45.05
1.61%
134
Harig Crankshafts Ltd.
Crankshafts
35.6
13.41
24.68
12.34
92.02%
43.8
43.79
2.10%
21.88%
AutoMoBiles 1
Tecpro Ashtech Ltd.
Ash handling plants
76.75
198.99
49.47
134.1
67.39%
2
3.08
2
Milton Cycle Inds. Ltd.
Bicycle parts & accessories
56.56
60.74
49.42
53.5
88.08%
4.52
4.77
18.47%
3
Apollo Industrial Products Ltd.
Construction machinery
26.41
21.63
22.2
17.84
82.48%
0.75
1.19
69.31% 1.37%
4
Electromags Automotive Products Pvt. Ltd.
Automobiles
56.94
60.65
38.08
34.48
56.85%
42.94
41.54
5
Majestic Auto Ltd.
Mopeds
113.21
118.49
92.43
88.22
74.45%
60.64
66.18
1.13%
6
Jost’s Engineering Co. Ltd.
Material handling equipment
41.72
49.12
30.55
35.87
73.03%
1.54
1.46
50.02%
7
Hercules Hoists Ltd.
Other cranes
93.79
96.53
46.98
48.95
50.71%
28.48
32.78
1.55%
8
Stone India Ltd.
Railway & tramway equipment
79.25
80.55
60.1
70.69
87.76%
37.43
42.37
2.07%
9
Atul Auto Ltd.
Three wheelers
81.16
118.96
65.68
93.5
78.60%
39.8
44.78
1.76%
10
Gujarat Apollo Inds. Ltd.
Other construction machinery
183.91
162.22
96.01
110.6
68.18%
26.9
36.2
1.88%
11
Tractor Engineers Ltd.
Crawler tractors
173.68
167.89
164.65
179.56
106.95%
41.31
40.65
2.63%
12
Brady & Morris Engg. Co. Ltd.
Other material handling equipment
20.77
26.47
15.63
21.66
81.83%
7.93
11.22
7.29%
13
Eimco Elecon (India) Ltd.
Mining machinery
120.2
148.28
71.42
84.44
56.95%
40.14
36.16
1.57%
14
Mahindra Gujarat Tractor Ltd.
Tractors
80.14
73.2
68.6
60.93
83.24%
2.13
2.27
36.67%
60.32
203.69
45.36
132.54
65.07%
18.7
133.21
0.49%
15.8
14.33
13.86
12.46
86.95%
14.53
14.65
5.94%
234.08
209.68
196.51
130.75
62.36%
38.34
41.36
1.51%
22.07
16.86
9.81
8.04
47.69%
2.23
2.08
22.93% 4.49%
15
Mcnally Sayaji Engg. Ltd.
Construction machinery
16
Macneill Engineering Ltd.
Forklift trucks
17
H M T Ltd.
Tractors
18
Skyline Millars Ltd.
Construction machinery
19
Scooters India Ltd.
Three wheelers
138.76
126.06
113.48
102.37
81.21%
18.91
18.08
20
Burn Standard Co. Ltd.
Railway & tramway equipment
157.25
167.86
109.37
135.21
80.55%
50.28
49.48
1.63%
21
L M L Ltd.
Scooters
65.33
112.1
64
92.38
82.41%
185.3
164.93
0.50%
22
Man Force Trucks Pvt. Ltd.
Commercial vehicles
124.01
161.97
153.57
222.33
137.27%
186.35
239.61
0.57%
56.47
51.78
30.8
30.26
58.44%
8.53
8.52
6.86%
21.5
22.7
9.65
12.41
54.67%
5.03
7.47
7.32%
64.59
109.18
38.28%
126.28
133.51
0.29%
ceMent 1
Hemadri Cements Ltd.
Cement
2
Greygold Cements Ltd.
Ordinary portland cement
3
Cement Manufacturing Co. Ltd.
Cement
253.04
285.21
100.25
127.67
47
62.99
49.34%
54.55
73.38
0.67%
12.68
14.68
7.98
10.45
71.19%
6.94
6.6
10.79%
4
Anjani Portland Cement Ltd.
Cement
5
Sainik Finance & Inds. Ltd.
Ordinary portland cement
6
Barak Valley Cements Ltd.
Cement
69.24
88.31
35.8
47.52
53.81%
48.09
49.33
1.09%
7
Panyam Cements & Mineral Inds. Ltd.
Cement
154.27
188.73
65.33
85.61
45.36%
43.16
60.39
0.75%
8
Kakatiya Cement Sugar & Inds. Ltd.
Cement
148.89
164.98
106.46
28.12
17.04%
89.39
88.12
0.19%
9
Deccan Cements Ltd.
Cement
188.23
184.89
63.02
78.2
42.30%
273.96
481.57
0.09%
10
Shiva Cement Ltd.
Cement
24.81
24.36
15.63
15.47
63.51%
64.7
74.69
0.85%
11
Meghalaya Cement Ltd.
Cement
218.08
260.49
47.58
73.19
28.10%
115.49
141.93
0.20%
12
Bheema Cements Ltd.
Cement
33.42
73.91
9.17
23.28
31.50%
190.15
333.04
0.09%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
70
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies
2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
2.26
-5.86
-7.12%
53.27
74.12
95.49
122.71
84.75
120.93
25.54
37.2
1.94
1.2
26.25
25.5
12.86%
38.64
34.85
97.21
132.53
25.47
32.37
27.56
37.94
5.97
4.8
227.3 229
41.98
38.47
17.34%
51.33
57.64
103.34
66.58
146
120.96
41.81
68.26
0.15
0.89
230.6 230.7
9.9
9.87
9.84%
72.34
73.02
116.55
122.28
60.55
76.33
31.78
36.88
3.85
4.19
35.62
39.99
20.99%
30.64
40.9
78.18
84.94
89.32
66.53
87.99
182.92
1.11
3.89
232
8.44
0.95
2.05%
44.59
72.57
115.08
79.04
59.41
135.89
12.17
18.74
0.41
6.79
232.3 236.2
0.6
-6.37
-21.35%
87.14
118.81
101.09
149.11
48.94
66.9
9.29
13.33
18.76
24.61
22.21
-32.15
-56.44%
NA
58.19
36.76
41.52
NA
98.02
NA
40.09
NA
14.85
238
18.56
1.8
2.07%
77.56
101.41
148.03
161.65
156.25
99.22
0.76
0.89
62.54
76.73
238.7
6.7
-4.11
-1.81%
35.24
32.45
86.74
126.02
71.15
69.31
12.88
10.54
5.03
4.06
239.2
16.36
23.47
12.25%
49.91
46.46
76.65
69.34
100.79
108.57
17.22
23.15
7.5
6.34
240.5 242.3
11.54
3.79
3.71%
51.32
56.41
63.62
119.02
59.04
68.07
62.17
52.87
3.4
2.36
-0.92
-4
-16.76%
65.4
47.08
142.08
158.78
29.98
51.78
7.36
6.86
13.9
18.64
244
20.07
20.02
10.20%
74.22
75.17
119.33
96.85
78.72
90.27
22.43
31.91
18.06
17.2
253.3
34.22
22.46
19.24%
105.74
121.02
73.96
84.04
67.94
201.46
61.78
108.23
31.79
41.64
254.9
-0.66
-2.99
-11.82%
39.22
48.14
225.41
355.15
17.09
24.35
35.63
48.59
61.53
76.56
256.7
3.45
-2
-2.90%
45.82
44.03
104.74
144.6
64.9
103.06
55.96
82.57
5.78
5.64
273.5
9.74
-4.19
-7.83%
32.2
32.59
37.26
31.32
74.09
70.85
39.81
37.95
32.98
42.31
276.3
0.06
4.93
17.24%
38.53
39.36
390.46
365
82.7
81.55
240.65
228.2
20.58
22.25
277
4.88
9.09
7.53%
48.13
51.08
119.76
136.42
70.03
63.79
56.67
39.53
38.46
46.59
280.1
6.62
2.09
15.59%
118.93
320.14
175.72
271.28
96.48
237.36
138.5
541.86
88.14
206.38
286.5
4.15
24.39
12.26%
265.51
204.18
275.93
251.54
18.98
8.44
2.4
2.38
0.05
0.19
12.5
1.18
1.25
2.06%
72.39
68.32
118.01
81.32
20.95
19.64
7.16
7.22
1.98
0.66
18.3 21.2
2.24
1.55
7.17%
61.92
151.01
70.8
118.57
28.93
39.6
6.05
0.82
40.85
14.92
7.87
8.83
14.56%
NA
88.6
89.17
111.4
NA
41.11
NA
18.65
NA
1.19
21.4
9.96
15.57
13.14%
53.66
45.7
67.93
56.7
32.62
27.56
12.8
10.39
4.1
4.36
22.8
3.26
6.64%
104.54
97.75
123.78
130.72
62.26
62.91
5.77
5.73
10.01
13.91
24.1
32.7
33.88%
76.87
65.78
54.03
38.11
131.5
139.3
26.21
19.93
1.27
1.06
24.8
3.8
-3.62
-4.49%
97.38
99.12
96.11
112.46
57.39
46.71
27.1
23.09
1.96
1.73
26.5
7.05
6.3
5.30%
23.97
10.61
28.7
31.03
70.63
53.13
38.11
17.97
5.85
2.43
26.6
56.32
35.68
21.99%
60.88
52.96
47.55
47.62
55.51
49.43
18.98
26.62
13.13
14.23
29
4
-11.19
-6.67%
76.5
95.65
114.01
59.01
101.42
114.85
0.99
0.17
25.75
45.4
32.9
2.64
2.93
11.07%
60.73
89.01
105.9
225.13
73.73
74.78
140.21
187.42
0.77
0.8
33
28.89
31.63
21.33%
78.25
91.94
40.94
80.1
213.53
220.63
51.19
45.91
4.65
6.57
33.6 33.8
3.25
0.14
0.19%
53.26
52.58
92.27
106.83
50.85
66.39
10.03
14.34
18.78
22.86
11.32
42.52
20.87%
21.56
52.21
72.34
162.18
39.23
46.89
62.82
77.29
6.88
3.41
33.9
1.49
-0.08
-0.56%
NA
83.7
481.24
591.1
NA
155.43
NA
11.55
NA
12.02
36.5
19.94
-9.64
-4.60%
353.56
336.15
178.83
203.61
53.76
68.03
20.57
26.1
25.73
32
36.6
6.24
4.76
28.23%
43.35
54.91
169.79
240.02
63.94
107.09
17.34
56.2
11.19
19.67
36.7
-16.58
-22.82
-18.10%
20.55
20.86
63.67
66.17
72.56
65.26
22.6
22.24
39.16
20.44
37
13.05
-96.92
-57.74%
NA
152.84
1004.52
1062.14
NA
124.22
NA
33.1
NA
11.34
39.6
-15.88
-15.13
-13.50%
43.78
27.59
1001.23
726.14
648.81
398.44
66.6
36.53
14.99
13.78
49.8
-62.21
-91.59
-56.55%
26.38
30.97
486.74
402.24
283.81
284.74
10.14
29.44
20.06
31.22
52.5
16.46
4.56
8.81%
8.03
4.21
99.55
68.14
53.5
79.51
0.87
0.77
0.42
0.27
15.8
7.75
6.21
27.36%
10.06
8.57
108.57
117.06
18.82
14.23
8.78
8.69
0.75
0.67
16.8 17
118
100.73
35.32%
NA
81.39
55.6
50.84
NA
322.12
NA
5.12
NA
0.52
31.97
38.6
30.23%
21.44
20.23
51.31
36.04
94.76
73.36
30.18
16.55
0.06
0.07
17
2.7
1.08
7.36%
175.32
151.17
135.94
48.48
68.15
50.47
19.64
8.16
6.55
11.75
18.6 20.9
21.51
18.16
20.56%
18.73
20.01
39.47
42.28
127.74
97.05
22.73
12.31
1.51
2.17
52.63
55.7
29.51%
19.45
18.59
297.87
237.59
116.78
132.8
10.98
8.82
0.49
0.83
21.8
35.41
37.96
23.01%
25.47
23.16
38.89
29.14
52.04
140.7
4.5
11.33
118.74
78.06
22.8
80.03
94.9
51.33%
1.91
2.77
42.01
97.73
58.43
69
6.32
13.09
2.23
2.08
23.2
5.62
4.47
18.35%
29.46
49.99
53.82
54.18
123.14
178.02
10.67
13.44
5.74
3.46
25.3
105.86
106.1
40.73%
19.35
21.22
63.39
68.11
202.92
259.39
33.64
20.94
2.76
1.48
26.2
12.1
28.21
38.17%
71.37
42.63
200.56
245.92
341.25
207.6
28.86
15.04
1.04
0.71
26.3
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
AuTomoBILeS cemeNT
2.67 30.98
AuTo
PBDITA (Rs Crore)
AncIllArIes
Working Capital CyCle
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
71
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
2009
13
Kalyanpur Cements Ltd.
Cement
154.72
180.02
85.12
96.84
53.79%
100.69
102.16
0.53%
14
Tamil Nadu Cements Corpn. Ltd.
Cement
199.6
180.2
133.08
123.5
68.53%
36
35.19
1.95%
15
Sagar Cements Ltd.
Cement
223.62
270.34
132.57
171.77
63.54%
303.85
379.22
0.17%
16
Vinay Cements Ltd.
Portland slag cement
34.89
34.42
20.13
28.44
82.63%
18.59
16.19
5.10%
cHeMicAls 1
Gulshan Chemicals Ltd.
Sodium hydrosulphites
33.74
49.76
26.81
36.13
72.61%
16.27
15.41
4.71%
2
D I C Coatings India Ltd.
Industrial paints
41.96
45.07
30.11
32.38
71.84%
5.48
6.57
10.94% 279.92%
3
Sulux Phosphates Ltd.
Phosphates
4
Sree Rayalaseema Hi-Strength Hypo Ltd.
Inorganic chemicals
6.75
10.36
6.66
9.28
89.58%
0.35
0.32
112.51
202.68
69.35
110.2
54.37%
54.55
95.96
5
Oleofine Organics (India) Pvt. Ltd.
0.57%
Organic chemicals
96.6
137.5
75.14
101.93
74.13%
9.36
8.68
8.54%
6 7
Speciality Molecules Ltd.
Chemicals
18.66
28.15
14.83
19.83
70.44%
3.24
7.14
9.87%
Jayshree Chemicals Ltd.
Sodium hydroxide (Caustic Soda)
51.37
59.73
35.53
37.98
63.59%
9.8
10.7
5.94%
8
Vinati Organics Ltd.
Benzene
150.12
195.56
109.34
133.97
68.51%
51.75
88.13
0.78%
9
Baerlocher India Additives Pvt. Ltd.
Rubber chemicals
65.44
81.86
58.49
60.19
73.53%
8.8
8
9.19%
10
Refnol Resins & Chemicals Ltd.
Finishing agents
23.52
23.88
16.49
17.22
72.11%
1.11
6.81
10.59%
11
Arch Finechemicals Ltd.
Dimethyl sulphate
45.17
25.12
35.93
21.56
85.83%
25.22
1.04
82.53%
12
Bhageria Dye-Chem Ltd.
Sulphonated & nitrated derivatives of hydrocarbons
66.09
54.42
55.46
48.17
88.52%
5.33
4.69
18.87%
13
Pondy Oxides & Chemicals Ltd.
Zinc oxide
135.47
109.12
111.88
99
90.73%
14.85
13.15
6.90%
14
Chemetall-Rai India Ltd.
Miscellaneous chemicals
59.32
71.95
38.83
45.17
62.78%
12.24
20.43
3.07%
15
N C L Alltek & Seccolor Ltd.
Industrial paints
76.18
90.72
46.18
59.49
65.58%
30.55
26.32
2.49%
16
Sunshield Chemicals Ltd.
Phenols & their derivatives
41.66
63.38
36.07
46.34
73.11%
25.86
30.53
2.39%
17
Keltech Energies Ltd.
Explosives
83.78
114.36
63.13
78.85
68.95%
10.88
12.31
5.60%
18
Aksharchem (India) Ltd.
Dyes
48.67
57.42
42.73
48.79
84.97%
11
12.59
6.75%
19
Asian Fertilizers Ltd.
Single superphosphate
17.13
55.3
13.14
48.35
87.43%
3.68
3.74
23.38% 9.54%
20
Haryana Leather Chemicals Ltd.
Leather auxilliaries
21.21
23.65
15.18
16.2
68.50%
7.35
7.18
21
Gulshan Polyols Ltd.
Sorbitol
145.37
175.8
82.56
110.07
62.61%
110.99
122.04
0.51%
22
Indo Amines Ltd.
Amine function compounds
83.28
92.54
61.62
63.76
68.90%
9.25
10.21
6.75% 13.01%
23
Jaysynth Dyestuff (India) Ltd.
Dyes
77.58
81.02
73.25
62.93
77.67%
3.45
5.97
24
Trichy Distilleries & Chemicals Ltd.
Organic chemicals
40.79
40.42
17.34
25.5
63.09%
12.26
11.67
5.41%
25
Laffans Petrochemicals Ltd.
Organic chemicals
171.59
181.4
152.08
151.24
83.37%
24.04
28.46
2.93% 1.46%
26
Alkali Metals Ltd.
Alkali & alkali-earth metals
61.72
64.66
45.49
39.5
61.09%
31.71
41.98
27
T M L Industries Ltd.
Other chlorides
61.43
83.12
41.07
65.79
79.15%
37.95
55.42
1.43%
28
Bharat Rasayan Ltd.
Pesticides
69.96
106.88
61.27
82.79
77.46%
6.38
5.93
13.06%
29
Jocil Ltd.
Fatty acids
115.36
196.21
85.04
145.98
74.40%
52.27
49.82
1.49%
30
Daikaffil Chemicals India Ltd.
Dyes
14.32
16.24
11.17
10.83
66.69%
3.2
3.11
21.44% 35.52%
31
Chromatic India Ltd.
Dyes
15.98
10.82
16.26
11.3
104.44%
3.13
2.94
32
Bhagiradha Chemicals & Inds. Ltd.
Chlorpyriphos
83.98
104.48
64.84
79.28
75.88%
31.48
38.74
1.96%
33
Ritesh International Ltd.
Stearic acid
11.45
11.1
8.41
7.99
71.98%
9.45
9.07
7.94%
34
I V P Ltd.
Miscellaneous chemicals
55.99
64.36
46.18
51.46
79.96%
15.76
15.01
5.33%
35
Shivalik Rasayan Ltd.
Dimethoate
14.65
18.1
14.32
16.17
89.34%
1.56
1.56
57.27%
36
Akzo Nobel Chemicals (India) Ltd.
Catalysts, reaction initiators
55.68
69.78
24.2
41.62
59.64%
6.31
6.69
8.92%
37
Aditya Birla Chemicals (India) Ltd.
Sodium hydroxide (Caustic Soda)
177.79
209.78
82.54
107.47
51.23%
254.06
269.92
0.19%
38
Cetex Petrochemicals Ltd. [Erstwhile]
Organic chemicals
83.68
91.79
71.49
68.74
74.89%
29.24
44.79
1.67%
39
Aster Silicates Ltd.
Sodium silicate
15.19
32.85
13.82
28.61
87.09%
11.44
22.74
3.83% 7.26%
40
Pentokey Organy (India) Ltd.
Acetic acid
41
Dharamsi Morarji Chemical Co. Ltd.
Single superphosphate
42
Punjab Alkalies & Chemicals Ltd.
Sodium hydroxide (Caustic Soda)
0.01
21.31
0.35
17.09
80.20%
8.14
11.05
252.19
157.01
194.21
129.06
82.20%
71.31
61.09
1.35%
201.11
204.67
156.09
163.28
79.78%
160.33
147.71
0.54% 6.22%
43
Filtra Catalysts & Chemicals Ltd.
Catalysts, reaction initiators
34.98
48.88
17.12
28.56
58.43%
8.1
9.39
44
Albright & Wilson Chemicals India Ltd.
Sodium tripolyphosphate
134.32
156.8
117.19
112.58
71.80%
28.86
59.32
1.21%
45
Asiatic Colour Chem Inds. Ltd.
Dyes
103.95
93.12
86.19
72.46
77.81%
8.48
8.35
9.32%
46
Cabot Sanmar Ltd.
Silicon dioxide
26.08
27.28
10.66
14.13
51.80%
21.7
19.91
2.60%
47
Assam Petrochemicals Ltd.
Methanol
64.06
57.9
35.04
35.59
61.47%
14
13.54
4.54%
48
Dai-Ichi Karkaria Ltd.
Chemicals
48.39
54.58
37.95
43.25
79.24%
15.03
15.14
5.23%
49
Atotech India Ltd.
Miscellaneous chemicals
67.81
76.27
35
42.51
55.74%
33.46
38.49
1.45%
50
Shree Hari Chemicals Export Ltd.
H acid
80.21
62.57
67.57
54.51
87.12%
11.56
15.96
5.46%
51
Economic Explosives Ltd.
Detonating, safety & other fuses, igniters
52
Vidhi Dyestuffs Manufacturing Ltd.
Dyes
47.11
74.88
24.08
25.13
33.56%
22.71
27.72
1.21%
31.52
39.94
23.45
29.71
74.39%
4.46
4.04
18.41%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
72
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
Raw Material Holding Period (days) 2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
2008
6.21
4.23
2.35%
4.22
3.61
119.83
106.72
178.38
178.6
15.03
5.95
5.95
2009 5.74
27.4
21.22
12.69
7.04%
94.09
81.65
124.16
140.15
119.15
145
10.35
12.38
10.89
10.98
27.9
57.42
58.18
21.52%
9.07
16.56
59.03
79.56
118.85
221.48
1.68
5.63
0.34
7.05
28
1.23
0.44
1.28%
188.87
187.53
170.44
189.05
163.08
204.7
28.26
55.56
7.22
10.28
32.2
96.7
1.49
7.8
15.68%
67.44
57.26
31.91
20.86
36.74
20.54
4.11
2.64
13.26
7.48
6.07
5.07
11.25%
83.22
86.79
47.02
34.26
28.31
26.29
4.2
1.58
14.14
12.38
104
0.09
0.31
2.99%
48.56
28.84
29.96
20.28
21.7
9.18
0.56
0.38
7.06
6.75
104.7
13.29
36.44
17.98%
34.66
29.62
71.43
34.34
38.13
26.19
1.96
1.96
6.11
3.57
117.8
11.02
16.13
11.73%
38.64
39.11
58.92
28.92
22.17
18.79
0.96
0.39
24.05
14.07
118.8
5.93
21.07%
NA
41.96
28.88
37.19
NA
16.52
NA
6.39
NA
9.18
119.3
9.21
15.42%
41.08
45.51
77.57
68.12
57.81
29.7
1.44
1.52
4.32
3.9
122.8
29.29
38.36
19.62%
46.16
44
33.8
25.02
21.51
20.76
5.11
7.29
7.04
4.63
125.8
4.5
7.87
9.61%
NA
71.96
27.46
28.35
NA
19.34
NA
1.2
NA
29.31
128.2
2.83
2.01
8.42%
82.05
95.19
141.79
138.4
24.28
31.44
0.8
0.69
8.19
9.95
130.2
5.51
1.79
7.13%
86.29
96.58
44.32
0.16
76.8
83.05
3.79
2.95
4.63
0.8
131.5
4.12
-0.23
-0.42%
88.32
70.76
50.89
54.59
15.16
13.87
5.8
5.97
5.94
4.74
131.6
13.27
2.74
2.51%
46.28
50.35
14.73
15.87
12.79
15.62
4.15
4.16
5.73
9.63
134.1
4.1
10.39
14.44%
88.87
72.72
59.66
89.51
40.45
42.08
0.58
1.09
5.88
5.96
134.3 134.5
19.1
14.89
16.41%
65.27
59.45
43.41
44.9
45.11
39.49
0
0.39
13.82
12.63
3.34
7.13
11.25%
61.92
54.54
43.29
43.11
37.28
25.14
6.56
4.29
9.45
7.59
139.4
1.61
9.33
8.16%
49.11
43.08
83.28
50.02
34.21
35.92
2.7
2.02
3.26
3.49
139.4
2.88
-3.52
-6.13%
48.66
52.67
69.72
50.09
7.78
9.4
3.38
4.24
10.22
8.27
141.2
0.63
2.46
4.45%
31.19
10.23
189.28
35.39
67.6
22.02
33.01
3.14
14.38
3.72
141.8
1.54
2.42
10.23%
123.89
103.11
67.37
52.97
51.38
44.15
2.73
2.53
13.67
13.2
143.2
33.21
36.11
20.54%
49.82
59.23
37.42
25.19
26.43
33.81
4.82
6.52
7.43
10.65
143.5
7.49
10.56
11.41%
66.85
63.42
64.4
33.29
18.48
14.85
23.5
22.02
15.99
13.66
144.3
4.86
7.44
9.18%
59.52
77.7
88.78
73.42
17.75
21.82
0.22
0.43
20.5
25.14
145.6
11.62
4.98
12.32%
52.45
47.16
58.78
34.66
147.34
29.52
4.03
1.25
21.87
20.54
146.9
8.71
14.06
7.75%
65.6
61.17
39.51
33.17
24.76
27.79
11.65
15.38
0.65
0.31
147.5
12.18
12.33
19.07%
53.88
70.56
30.77
28.72
35.67
35.69
78.6
73.89
0.53
0.43
147.7
11.15
9.9
11.91%
61.45
62.79
55.02
50.98
14.31
10.08
10.58
9.22
4.54
8.61
148.1
6.43
10.15
9.50%
87.52
66.8
34.46
43.1
24.65
22.99
20.19
15.53
11.08
10.76
148.7
17.76
20.75
10.58%
51.18
37.04
20.27
21.48
26.87
14.51
8.13
6.29
19.8
12.85
150.1
1.43
2.11
12.99%
88.72
71.91
65.42
40.66
33.32
36.31
22.65
28.03
10.93
9.26
151.3
-1.89
-2.07
-19.13%
84.96
130.99
60.17
24.62
27.66
32.05
24.33
40.82
0.18
0.13
151.6
11.18
15.21
14.56%
73.76
84.31
47.66
53.73
34.95
37.44
6.01
6.41
3.4
6.17
152.6
0.68
0.74
6.67%
139.22
100.17
117.6
89.94
20.28
15.01
7.18
4.07
31.79
19.61
152.8
1.9
1.92
2.98%
120.59
117.63
29.96
27.85
49.15
36.61
3.27
1.99
29.06
18.15
154.3
0.61
0.42
2.32%
65.63
64.69
119.73
55.56
27.54
22.63
2.67
2.92
11.32
13.62
155
20.86
17.89
25.64%
38.39
48.64
111.76
83.08
137.56
100.81
2.55
1.08
10.2
6.93
155.1
81.29
78.9
37.61%
25.08
28.34
99.63
81.77
47.22
33.68
2.43
3.13
3.71
5.29
155.1
6.76
7.94
8.65%
65.3
50.22
57.49
43.52
31.94
33.98
0.66
0.65
14.31
12.73
155.5
1.72
5.78
17.60%
40.4
47.25
32.92
35.71
16.54
15.96
9.76
7.3
21.07
15.81
159
-0.83
2.53
11.87%
0
6.04
2175.25
159.35
3193.75
33.98
0
1.04
12.32
1.78
159.7
-10.45
-13.43
-8.55%
79.67
103.09
134.93
115.22
47.08
36.38
0.22
0.37
9.28
8.4
161.6
31.22
34.96
17.08%
46.67
46.07
50.68
44.8
77.23
61.94
0.58
0.69
1.76
3.72
162.6 163.2
4.73
15.41
31.53%
51.49
45.42
57.49
45.56
31.15
29.45
63.44
15.76
26.45
14.78
-0.79
22.09
14.09%
40.39
28.72
70.11
52.44
35.63
34.75
2.74
2.03
14.41
9.42
163.9
6.92
5.74
6.16%
NA
173.13
85.18
86.41
NA
31.33
NA
34.41
NA
2.63
164.3 164.8
11.19
7.7
28.23%
44.96
40.1
62.6
41.51
37.23
38.33
5.72
4.89
8.14
15.05
16.54
10.73
18.53%
10.39
9.24
54.54
36.91
177.91
197.38
0.65
0.6
5.43
7.07
165.5
3.93
2.43
4.45%
87.23
77.55
72.75
67.08
32.84
27.12
0.93
2.21
23
17.51
166.3 167.2
10.39
10.28
13.48%
90.46
88.27
79.41
105.27
64.96
73.95
0.3
0.17
15.89
12.95
10.33
0.45
0.72%
60.98
58.67
46.08
41.54
17.23
27.28
3.75
3.66
12.73
14.06
169.1
19.09
29.16
38.94%
72.43
51.35
48.69
62.4
32.38
38.78
3.95
1.66
31.75
22.21
170.3
3.05
4.36
10.92%
137.95
108.9
42.66
26.63
59.01
53.9
29.53
27.96
14.81
12.73
171
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
chemIcALS
2.14 6.05
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
73
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
53
Indo Borax & Chemicals Ltd.
Borax
54
Poddar Pigments Ltd.
Synthetic colouring substances
55
Indian Oxalate Ltd.
Oxalic acid & its salts
56
Andhra Petrochemicals Ltd.
57
Balaji Amines Ltd.
58
S D Fine Chem Ltd.
Organic chemicals
59
Anil Products Ltd.
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
60.91%
3.65
3.15
99.12
82.46%
18.72
19.89
4.15%
17.31
86.85%
12
11.85
7.33%
211.26
208.68
83.03%
86.29
134.99
0.62%
140.55
188.13
75.73%
81.76
114.3
0.66%
37.42
34.34
51.58%
11.09
11.18
4.61%
195.37
206.53
74.54%
92.53
101.16
0.74%
38.16
40.34
22.54
24.57
100.34
120.21
82.13
24.12
19.93
15.1
Alcohols & their derivatives
287.55
251.33
Ethyl amines
212.72
248.41
51.6
66.57
Starches modified, adhesives
225.65
277.06
2009 19.34%
60
Transpek Industry Ltd.
Salts of inorganic acids & metals
108.89
167.93
77.17
101.11
60.21%
60.91
74.17
0.81%
61
Multi Organics Pvt. Ltd.
Beta, naphthol sulphonic acid
65.37
69.02
53.14
57.36
83.11%
12.85
14.75
5.63%
62
Dynamic Industries Ltd.
Dyes
43.33
41.75
35.83
32.92
78.85%
5.29
5.02
15.71%
63
Dynemic Products Ltd.
Dyes
37.34
50.06
28.54
37.92
75.75%
23.14
30.71
2.47%
64
Asian Paints Industrial Coatings Ltd.
Industrial paints
62.41
61.95
43.27
44.7
72.15%
15.84
15.1
4.78%
65
Polson Ltd.
Tanning extracts of vegetable origin
50.54
42.63
37.62
31.01
72.74%
11.1
10.79
6.74%
66
Ultramarine & Pigments Ltd.
Ultramarine
88.07
111.18
51.54
63.35
56.98%
22.44
31.96
1.78%
67
Associated Pigments Ltd.
Lead oxides
142.09
160.75
118.31
149.86
93.23%
7
15.36
6.07%
68
A P T Packaging Ltd.
Ammonium nitrate
21.89
17.8
12.02
9.54
53.60%
21.31
20.55
2.61%
69
Asahi Songwon Colors Ltd.
Pigments
85.78
120.98
66.32
107.23
88.63%
63.59
68.02
1.30%
70
Lona Industries Ltd.
Dyes
133.95
142.16
103.36
111.92
78.73%
13.57
21.28
3.70%
71
Premier Explosives Ltd.
Industrial explosives
58.57
69.77
35.24
45.08
64.61%
21.7
22.17
2.91%
72
Spectrum Ethers Ltd.
Phorate
36.7
42.61
20.71
28.74
67.45%
11.9
11.96
5.64%
73
Shiva Fertilizers Ltd.
Single superphosphate
74
Metrochem Industries Ltd.
Dyes
63.36
89.19
54.27
61.66
69.13%
5.31
6.35
10.89%
249.49
223.47
188.14
186.27
83.35%
83.38
84.59
75
Chemfab Alkalis Ltd.
0.99%
Sodium hydroxide (Caustic Soda)
101.51
90.76
52.77
47.37
52.19%
77.94
85.31
76
Indo Colchem Ltd.
0.61%
Dyes
64.54
74.48
59.22
58.61
78.69%
9.82
8.98
8.76% 6.89%
77
Link Pharma Chem Ltd.
Inorganic chemicals
11.1
11.8
8.17
8.76
74.24%
10.92
10.78
78
Jenson & Nicholson (India) Ltd.
Industrial paints
30.45
38.45
25.95
29.59
76.96%
45.95
42.37
1.82%
79
Metropolitan Eximchem Ltd.
Dyes
44.39
38.28
33.19
30.04
78.47%
6.87
7.16
10.96% 10.99%
80
Bhagat Aromatics Ltd.
Menthol
47.16
45.16
43.51
39.77
88.06%
5.11
8.01
81
Grauer & Weil (India) Ltd.
Chemicals
173.04
197.39
110.35
131.43
66.58%
88.14
162.28
0.41%
82
Diamond Dye-Chem Ltd. [Merged]
Synthetic colouring substances
161.69
183.12
126.6
144.3
78.80%
94.48
91.47
0.86%
83
Fil Industries Ltd.
Pesticides
164.72
149.85
78.3
135.1
90.16%
54.91
108.24
0.83%
84
Rajasthan Explosives & Chemicals Ltd.
Industrial explosives
45.6
53.71
33.23
36.89
68.68%
8.85
12.11
5.67%
85
Plastiblends India Ltd.
Other colouring substances
161.3
170.3
117.36
119.06
69.91%
50.02
56.65
1.23%
86
Guljag Industries Ltd.
Sodium hydroxide (Caustic Soda)
131.88
157.22
115.8
136.91
87.08%
33.93
35.79
2.43% 5.05%
87
Lime Chemicals Ltd.
Calcium carbonates
47.46
34.29
45.58
30.85
89.97%
19.44
17.81
88
Camlin Fine Chemicals Ltd.
Chemicals
81.17
100.71
58.71
78.65
78.10%
34.04
33.81
2.31%
89
Asian Peroxide Ltd.
Hydrogen peroxide
61.16
73.85
35.18
36.53
49.47%
83.57
61.66
0.80%
90
Gujarat Organics Ltd.
Benzoic acid
20.06
32.92
16.69
25.19
76.52%
12.85
14.15
5.41%
91
Amines & Plasticizers Ltd.
Plasticisers
106.29
158.91
84.49
126.24
79.44%
7.71
8.56
9.28%
92
Kilburn Chemicals Ltd.
Titanium dioxide
87.73
99.91
59.44
74.99
75.06%
56.23
55.48
1.35%
93
Mysore Petro Chemicals Ltd.
Phthalic Anhydride
86.82
69.86
66.19
61.24
87.66%
53.18
47.21
1.86%
109.79
128.84
92.41
99.86
77.51%
27.03
36.46
2.13%
21.57
17.24
19.37
15.91
92.29%
2.81
3.51
26.29%
94
Basant Agro Tech (India) Ltd.
NPK mixed fertilisers
95
D D Agro Inds. Ltd.
Zinc Sulphate
96
Lords Chemicals Ltd.
Chromates of sodium, potassium, zinc & lead
21.97
26.89
16.74
23.67
88.03%
5.15
4.86
18.11%
97
Elantas Beck India Ltd.
Wire enamel
173.54
186.43
117.85
128.55
68.95%
27.15
28.2
2.45%
98
Excel Industries Ltd.
Pesticides
228.29
245.54
153.67
175.32
71.40%
111.55
107.84
0.66%
99
Astec Lifesciences Ltd.
Chemicals
55.32
84.55
41.45
72.38
85.61%
33.1
32.48
2.64%
100
Organic Coatings Ltd.
Printing ink
36.82
37.27
29.12
26.77
71.83%
10.34
10.76
6.68%
101
Cepham Milk Specialities Ltd.
Casein
104.74
42.6
91.95
31.76
74.55%
20.64
18.84
3.96%
102
Indian Toners & Developers Ltd.
Duplicating ink
39.25
44.79
21.72
23.96
53.49%
15.08
13.09
4.09% 0.94%
103
Nitta Gelatin India Ltd.
Gelatin
151.87
187.83
98.51
108.87
57.96%
55.63
61.5
104
Paushak Ltd.
Chemicals
24.75
28.66
14.7
14.57
50.84%
11.88
12.2
4.17%
105
Tagros Chemicals India Ltd.
Pesticides
127.29
151.57
82.69
106.72
70.41%
40.46
46.87
1.50%
106
Camphor & Allied Products Ltd.
Camphor
105.54
136.42
97.66
121.97
89.41%
33.42
32.25
2.77%
107
Tantech Agro Chemicals Ltd.
Insecticides
16.53
13.49
13.52
13.04
96.66%
10.56
9.6
10.07%
108
Narmada Gelatines Ltd.
Gelatin
56.92
69.24
46.26
48.92
70.65%
19.77
21.41
3.30%
109
Tuticorin Alkali Chemicals & Fertilisers Ltd.
Sodium carbonate (Soda Ash)
76.06
19.02
41.94
27.79
146.11%
58.09
49.93
2.93%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
74
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
11.66
12.95
32.10%
19.5
20.2
23.4
36.8
71.4
114.77
2.99
1.81
9.2
13.25
8.07
9.26
7.70%
44.51
47
28.62
35.8
67.37
53.09
3.66
2.73
10.14
7.47
171.3 172
5.54
1.78
8.93%
10.45
7.25
70.89
77.8
19.49
16.24
3.75
3.36
0.83
10.87
172.5
70.49
40.07
15.94%
27
22.52
6.93
11.47
28
25.07
6.01
10.65
6.58
11.31
173.3
29.82
38.99
15.70%
75.73
78.31
60.79
38.62
43.72
45.18
12.34
8.22
18.33
12.34
174.3
6.67
9.75
14.65%
76.81
65.23
75.68
56.76
51.74
46.1
0.91
0.94
44.3
38.83
174.6
21.35
29.37
10.60%
70.43
95.54
63.65
62.42
40.37
35.62
3.03
3.08
22.54
17.11
175.4
22.92
13.65%
64.5
50.56
73.42
52.03
45.59
35.84
9.19
5.25
13.93
14.74
177
8.6
12.46%
36.84
37.94
46.18
52.59
22.11
22.07
6.5
4.77
8.71
17.68
178
2.21
1.64
3.93%
122.89
111.25
85.82
42.17
18.58
26.79
7.62
6.09
54.77
49.25
179.5
3.93
5.31
10.61%
66.18
49.25
22.68
33.17
32.3
23.89
24.85
20.13
15.61
14.66
179.8
5.75
0.12
0.19%
69.84
79.85
69.41
51.41
54.9
40.79
1.54
0.73
35.51
30.83
181
4.17
5.88
13.79%
53.46
55.47
71.44
32.87
49.45
65.94
3.97
6.71
17.96
15.1
182
23.43
22.78
20.49%
50.67
41.94
38.54
34.17
41.33
31.69
26.69
19.28
21.2
18.51
183.3
10.06
9.41
5.85%
17.29
20.33
49.69
46.9
13.55
8
23.36
28.4
10.53
5.24
183.3
4.52
3.15
17.70%
67.94
62.67
65.69
69.8
73.04
94.62
4.74
4.74
11.53
10.81
184.2
15.03
13.81
11.42%
79.86
65.61
51.42
48.31
26.24
15.96
2.77
5.21
19.09
29.43
185.2
10.17
12.88
9.06%
34.19
39.56
72.06
44.53
44.21
36.69
23.1
23.52
2.39
2.41
187.9
7.43
6.72
9.63%
92
64.06
78.87
79.3
68.1
41.44
24.08
15.8
13.91
8.77
188.2
3.27
3.26
7.65%
67.02
49.98
99.6
67.42
39.27
38.91
50.27
36.01
24.26
2.31
188.9
2.53
5.34
5.99%
24.26
22.21
14.55
7.29
101.7
76.35
3.37
2.64
41.9
16.33
189.9
29.76
10.83
4.85%
120.75
113.19
46.67
35.89
35.53
29.32
22.09
30.96
12.69
12.8
190.1
29.23
21.9
24.13%
33.05
35.43
55.71
76.94
118.28
113.59
1.53
1.04
8.86
9.36
190.7
3.55
4.35
5.84%
65.41
51.37
55.3
34.86
53.7
55.57
40.37
36.7
1.03
0.43
190.9
1.71
0.88
7.46%
69.67
91.25
47.42
95.27
21.19
16.14
10.97
22.93
38.76
22.96
193.1
-7.89
-2.87
-7.46%
161.3
149.41
496.34
613.33
25.87
27.81
0.78
0.43
38.39
40.16
194.6
8.5
4.53
11.83%
61.54
67.56
50.07
22.79
59.67
66.24
14.79
21.09
12.98
17.56
196
2.33
2.27
5.03%
57.33
47.49
39.69
18.46
6.57
31.01
98.54
95.15
5
11.42
196.6
26.47
23.59
11.95%
58.24
63.14
64.25
68.33
36.97
36.45
10.65
9.82
11.48
14.45
199.5
30.2
27.79
15.18%
55.98
53.17
51.33
17.78
57.74
42.18
7.98
8.06
19.61
22.91
200
20.15
20.27
13.53%
NA
148.54
45.71
52.97
NA
61.69
NA
0.36
NA
42.94
200.2
6.77
6.96
12.96%
73.34
61.73
76.76
83.72
49.4
64.76
5.12
4.02
28.32
19.46
200.6
22.93
21.11
12.40%
41.34
44.8
30.39
32.21
29.18
37.19
10.15
11.73
20.48
18.96
200.8 201.5
9.07
6.7
4.26%
55.46
54.96
59.95
45.35
54.97
45.19
8.34
8.62
8.22
9.32
-15.08
-0.89
-2.60%
73.32
73.72
88.11
174.39
45.27
48.72
1.74
1.5
11.45
12.98
202
13.19
13.53
13.43%
51.3
59.98
69.01
98.44
22.23
21.56
46.23
73.55
5.94
11.04
202.3
11.6
19.85
26.88%
41.27
32.83
53.03
38.82
86.32
45.53
52.7
102.86
8
8.22
203
0.97
5.93
18.01%
63.54
58.4
115.45
67.77
24.31
19.38
76.68
72.45
33.49
20.84
203.1
7.34
10.88
6.85%
54.21
43.17
62.46
45.88
52.69
41.23
6.5
5.63
30.25
17.7
203.7
10.25
9.69
9.70%
32.29
38.05
37.45
34.09
36.19
45
22.51
19.46
7.82
10.28
204.5
5.12
5.67
8.12%
22.56
26.97
74.01
66.13
37.33
26.68
4.67
11.35
6.25
10.08
207.1
9.97
12.22
9.48%
53.3
49.98
47.88
40.06
68.25
69.41
0.27
0.26
28.42
33.11
208.3
1.43
1.25
7.25%
121.51
142.18
52.75
22.83
68.04
142.97
0
12.41
17.12
18.91
208.4
2.55
1.86
6.92%
16.95
24.16
203.09
13.37
113.1
96.04
21.65
25.14
1.31
3.5
208.8
32.45
32.2
17.27%
45.32
44.42
41.95
26.64
71.53
63.06
7.35
8.84
28.03
26.97
211.1
25.62
19.7
8.02%
94.78
91.78
78.88
58.94
43.97
40
12.77
9.66
19.72
22.63
212.6
14.88
20.8
24.60%
87.69
95.37
134.46
76.04
27.28
21.83
92.2
79.57
28.25
31.39
215.6
2.76
2.79
7.49%
121.94
120.02
95.48
73.89
58.57
68.83
12.89
13.01
24.04
24.44
222.7
-0.65
-0.26
-0.61%
25.68
67.52
61.4
130.46
5.35
16.81
10.08
21.56
18.42
31.23
223
5.8
6.59
14.71%
72.8
59.07
95.18
101.36
113.99
108.26
13.34
11.21
19.61
15.7
223.5
17.61
36.54
19.45%
21.94
21.77
26.03
23.12
60.43
57.8
47.12
38.79
22.35
16.15
224.9
5.88
7.15
24.95%
63.45
64.12
172.58
140.86
95.66
64.46
6.51
41.85
39.1
17.77
228.6
15.18
18.15
11.97%
103.61
89.58
84.07
92.18
47.73
48.09
13.05
10.84
44.47
33.65
228.6
3.68
11.36
8.33%
42.2
40.49
19.06
23.41
37.79
40.25
20.66
15.8
16.8
22.87
228.9
1.76
-1.05
-7.78%
10.59
12.77
89.44
105.98
50.9
87.74
4.73
5.91
1.97
1.99
230.1
8.34
11.92
17.22%
51.03
48.48
48.6
37.28
48.21
50.52
43.6
36.95
24.39
26.54
230.7
4.66
-16.29
-85.65%
43.75
107.57
86.82
222.81
199.55
1062.34
5.87
10.99
15.81
0.52
231.4
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
chemIcALS
9.8 5.68
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
75
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
110
Meghmani Industries Ltd.
Pesticides
109.4
189.76
80.86
119.03
62.73%
20.52
23.18
2009 2.71%
111
Indo Gulf Industries Ltd.
Industrial explosives
2.88
27.67
14.76
59.42
214.75%
52.65
50.14
4.28%
112
Advanced Enzyme Technologies Ltd.
Enzymes
60.89
81.69
34.8
42.81
52.41%
52.56
52.51
1.00%
113
Hyderabad Chemicals Ltd.
Pesticides
150.27
177.84
89.97
129.36
72.74%
37.89
36.34
2.00%
114
Titanium Tantalum Products Ltd.
Alkali & alkali-earth metals
88.7
62.82
55.94
39.04
62.15%
8.25
9.48
6.56%
115
Sadhana Nitro Chem Ltd.
Organic chemicals
75.18
77.76
58.78
65.54
84.28%
42.3
41.52
2.03%
116
India Gelatine & Chemicals Ltd.
Gelatin
59.66
82.27
45.34
43.22
52.53%
45.68
45.12
1.16%
117
Gujarat Agrochem Ltd.
Pesticides
58.76
69.67
46.86
54.2
77.80%
23.55
24.06
3.23%
46.73
249.71
14.42
189.81
76.01%
152.28
533.2
0.14%
225.98
282.65
195.4
248.57
87.94%
54.83
139.34
0.63% 8.04%
118
Solaris Chemtech Inds. Ltd.
Citric acid & its salts
119
Kiri Dyes & Chemicals Ltd.
Dyes
120
Nutraplus Products (India) Ltd.
Other inorganic acids
121
Jupiter Bioscience Ltd.
Oxygen function amino compounds
122
Rathi Graphic Technologies Ltd.
Chemicals for photographic uses
123
Vishnu Chemicals Ltd.
124
Enzal Chemicals (India) Ltd.
7.48
11.85
4.1
7.18
60.59%
5.43
7.54
130.54
142.85
60.79
55.45
38.82%
271.91
350.62
0.11%
14.58
15.1
7.94
10.34
68.48%
13.78
14.13
4.85%
Sodium
120.98
126.71
60.34
70.08
55.31%
167.26
214.51
0.26%
Other organic chemicals
26.49
25.74
21.53
20.32
78.94%
4.99
4.29
18.40%
125
Tanfac Industries Ltd.
Fluorides
166.4
217.97
124.26
224.19
102.85%
41.45
76.14
1.35%
126
Hindustan Photo Films Mfg. Co. Ltd.
Photographic or cinematographic goods
15.68
25.02
28.34
31.67
126.58%
327.07
294.86
0.43%
127
Ghaziabad Organics Ltd.
Acetic acid
29.49
24.37
20.95
26.91
110.42%
26.28
26.85
4.11%
128
Merchem Ltd.
Rubber chemicals
83.39
100.51
62.81
83.71
83.29%
51.06
65.17
1.28%
129
Neelikon Food Dyes & Chemicals Ltd.
Other colouring extracts of vegetable origin
52.19
54.25
34.5
39.58
72.96%
31.88
31.12
2.34%
130
Borax Morarji Ltd.
Borax
81.08
74.39
56.01
59.39
79.84%
20.77
22.27
3.58%
131
Agrocel Industries Ltd.
Bromine
66.43
88.59
55.8
80.1
90.42%
25.15
30.49
2.97%
132
Alkyl Amines Chemicals Ltd.
Amine function compounds
161.03
200.09
109.94
147.29
73.61%
94.2
110.06
0.67%
133
Avon Organics Ltd.
Organic chemicals
69.45
122.6
52.4
93.68
76.41%
56.64
66.72
1.15%
134
Diamines & Chemicals Ltd.
Amine function compounds
19.45
30.37
13.96
19.79
65.16%
23.78
26.67
2.44%
190.49
200.93
134.34
178.22
88.70%
31.42
29.72
2.98%
67.96
70.3
56.15
57.88
82.33%
59.59
56.5
1.46%
11.71
14.8
9.28
7.21
48.72%
6.47
5.63
8.65%
88.57
129.45
80.52
114.66
88.57%
68.82
72.61
1.22%
15.19
15.47
13.05
13.47
87.07%
14.23
13.77
6.32%
135
Hindustan Insecticides Ltd.
Insecticides
136
Indokem Ltd.
Dyes
137
Aimco Pesticides Ltd.
Chlorpyriphos
138
Shreyas Intermediates Ltd.
Acrylonitrile
139
C J Gelatine Products Ltd.
Gelatin
140
Benzo Petro International Ltd.
Organic chemicals
28.72
35.29
29.58
45.77
129.70%
8.9
13.41
9.67%
141
Innovassynth Technologies (India) Ltd.
Carboxylic acids
32.46
42.02
29.03
35.9
85.44%
79.57
111.42
0.77%
142
Wimco Ltd.
Matches
203.76
184.94
166.05
162.12
87.66%
121.12
127.39
0.69%
cosMetics & cleAninG 1
Kaiser Industries Ltd.
Organic surface-active agents other than soap
41.12
50.76
35.26
43.63
85.95%
1.63
3.3
26.05%
2
C C Health Care Products Pvt. Ltd.
Tooth powder
22.23
24.52
6.66
5.9
24.06%
8.89
8.24
2.92%
3
Professional Oral Care Products Pvt. Ltd. [Merged]
Tooth paste
89.89
101.83
72.53
87.1
85.53%
12.79
12.07
7.09%
4
Power Soaps Ltd.
Synthetic detergents
170.92
198.59
135.48
162.35
81.75%
15
17.02
4.80%
5
Advanced Oral Care Products Ltd.
Tooth paste
96.55
121.45
78.23
97.87
80.58%
27.16
66.08
1.22%
6
Ador Multiproducts Ltd.
Cosmetics & toilet preparations
10.86
10.38
7.65
6.81
65.61%
1.41
1.29
50.86%
7
Amar Remedies Ltd.
Tooth paste
201.86
298.37
110.52
184.07
61.69%
81.36
84.03
0.73%
8
Standard Surfactants Ltd.
Synthetic detergents
40.99
61.96
35.27
55.7
89.90%
14.63
13.58
6.62%
9
Shingar Ltd.
Cosmetics & toilet preparations
22.36
35.39
15.57
25.23
71.29%
6.2
8.62
8.27%
10
Sijmak Oils Ltd.
Other essential oils
19.83
19.95
14.1
17.28
86.62%
4.51
4.49
19.29% 15.40%
11
Oriental Aromatics Ltd.
Essential oils
55.29
53.13
36.58
37.96
71.45%
5.26
4.64
12
A V T Natural Products Ltd.
Essential oils
86.89
96.9
44.78
67.61
69.77%
22.49
31.1
2.24%
13
Paramount Minerals & Chemicals Ltd.
Whitening agents
65.19
61.39
46.09
49.11
80.00%
28.01
38.64
2.07%
14
Fem Care Pharma Ltd. [Merged]
Beauty or make-up preparations
15
Hindustan Polyamides & Fibres Ltd.
Organic surface-active agents other than soap
16
Associated Industries Consumer Products Pvt. Ltd.
Soap
17
Privi Organics Ltd.
Essential oils
18
J H S Svendgaard Laboratories Ltd.
Preparations for oral or dental hygiene
19
Ultra International Ltd.
Perfumes & toilet waters
20
Sunehari Exports Ltd.
Tooth brush
94.3
110.45
30.89
52.64
47.66%
34.7
35.08
1.36%
204.23
256.59
155.57
179.1
69.80%
79.1
83.04
0.84%
1.86
16.32
3
13.47
82.54%
9.25
8.85
9.33%
196.68
230.55
160.8
178.79
77.55%
81.77
96.39
0.80%
37.27
27.98
26.94
13.08
46.75%
58.56
77.26
0.61%
17.17
28.16
14.89
26.57
94.35%
8.13
8.82
10.70%
21.88
13.34
40.49
9.1
68.22%
25.47
65.06
1.05%
DiVersiFieD MAnuFActurinG 1
English Indian Clays Ltd.
Diversified
266.32
282.04
158.79
159.9
56.69%
187.01
213.94
0.26%
2
Amco India Ltd.
Diversified
90.46
92.87
79.8
81.36
87.61%
21.2
22.03
3.98%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
76
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
15
22.67
11.95%
126.89
88.1
67.52
99.35
102.38
73.32
42.77
21.51
26.81
20.73
233
-5.62
-0.62
-2.24%
25.57
18.46
207.27
60.88
63.33
27.12
0.55
1.87
63.33
129.9
235.5
11.7
15.06
18.44%
55.26
52.62
70.03
63
98.61
82.98
76.03
69.85
21.4
14.38
238.9
18.01
21.08
11.85%
28.63
28.22
60.94
56.28
62.89
48.38
4.83
4.61
52.64
44.24
239.4
19.04
11.06
17.61%
NA
313.25
263.21
517.46
NA
185.45
NA
222.35
NA
15.3
239.7
4.61
9.9
12.73%
42.35
55.27
90.35
57.06
70.11
66.77
7.29
9.47
23.5
22.22
240
4.83
17.2
20.91%
37.37
24.06
16.62
25.95
35.43
49.82
31.04
27.98
64.02
54.4
240.4
6.17
8.86%
22.31
29.91
131.42
121.07
21.05
14.61
41.76
36.63
31.68
30.43
241.7
27.03
10.82%
77.26
21.1
256.3
166.99
103.54
89.1
22.45
7.56
20.31
4.36
242.1
33.75
59.33
20.99%
66.05
66.56
69.15
83.75
31.89
28.14
12.21
35.11
31.22
40.67
243.5
0.93
1.47
12.41%
81.74
71.44
138.08
146.55
73.6
80.12
110.43
45.55
42.48
22.01
246
74.64
98.05
68.64%
81.72
90.61
15.22
26.58
88.49
113.1
81.12
108.88
53.15
63.31
246.5
3.47
2.63
17.42%
85.12
84.3
46.61
53.39
168.72
151.16
28.47
29.66
43.14
51.26
249
22.33
17.47
13.79%
52.13
44.06
133.34
93.22
102.06
146.32
32.97
40.6
14.28
7.17
249.3
1.87
1.81
7.03%
NA
44.66
63.14
60.21
NA
52.29
NA
23.57
NA
30.27
251.3
21.23
10.47
4.80%
39.76
35.46
70.43
42.28
89.38
68.27
2.93
5.32
4.91
19.36
251.5
-38.43
-21.89
-87.49%
353.32
253.38
456.14
467.21
207.33
144.09
21.41
26.05
2.88
2.04
251.5
4.2
3.35
13.75%
34.1
70.65
50.05
56.34
57.05
46.55
37.05
61.77
10.09
29.55
251.8
15.13
21.23
21.12%
70.3
63.35
56.31
65.04
55.12
53.76
17.18
30.83
20.32
32.96
253.7
7.75
6.95
12.81%
49.59
49.75
74.67
51.47
60.31
45.47
33.62
31
57.57
53.64
255
10.15
9.72
13.07%
48.03
44.59
88.27
92.14
113.69
113.47
8.7
8.41
16.31
22.09
258
6.37
7.02
7.92%
40.58
36.05
142.7
89.77
64.52
53.64
5.86
3.44
28.42
34.82
258.9
28.26
25.36
12.67%
84.64
70.32
85
61.84
74.57
92.7
27
19.42
41.47
40.12
261.8
4.56
19.19
15.65%
93.53
87.14
48.97
84.84
114.56
109.71
147.38
77.33
22.23
17.99
262
5.88
4.61
15.18%
73.92
73.56
212.59
224.25
90.31
63.05
105.63
60.3
59.88
53.49
268.2 273.8
4.18
2.09
1.04%
87.06
114.79
103.61
100.8
69.25
67.98
29.72
19.87
41.17
46.71
2.89
5.41
7.70%
74.19
74.38
174.21
188.66
63.75
48.43
139.65
168.56
38.29
34.17
287.6
-2.38
-1.4
-9.46%
700.23
586.6
237.04
252.54
119.22
192.8
333.33
280.19
176.84
143.7
288.4
13.09
12.21
9.43%
32.77
22.61
53.04
36.53
77.24
72.46
32.65
36.39
41.53
31.03
288.7
0.47
0.36
2.33%
45.29
23.88
161.2
167.96
26.53
31.73
127.48
112.46
40.85
43.48
293.3
-4.22%
13.34
8.46
249.46
245.07
66.61
93.22
0.85
4.81
18.74
45.23
297.6
-8.40%
132.54
115.86
275.07
205.13
161
164.78
35.81
37.89
41.89
39.35
310.8
10.29
3.73
2.02%
13.99
15.51
88.71
122.67
74.26
76.41
8.54
16.25
13.77
27.46
311.6
3.53
5.02
9.89%
132.78
118.04
212.56
28.88
27.19
16.33
0.61
0.79
12.84
4.37
13
4.62
5.55
22.63%
21.84
29.63
74.44
43.15
16.59
16.95
0.22
0.31
5.3
3.94
15.6
7.9
5.37
5.27%
NA
12.25
46.03
36.25
NA
14.74
NA
2.38
NA
0.54
21.7
18.11
12.81
6.45%
NA
3.9
13.36
11.57
NA
51.99
NA
0.11
NA
4.69
22.4
8.98
14.87
12.24%
NA
16.88
38.29
84.36
NA
12.64
NA
3.2
NA
0.6
22.9
0.55
0.63
6.07%
45.07
50.55
24.73
32.29
33.83
37.34
0.74
0.8
20.28
29.06
22.9
27.01
36.2
12.13%
78.84
70.96
44.29
33.73
71.31
56.48
1.51
0.92
11.71
7.42
24.2
3.69
2.84
4.58%
62.15
52.49
35.34
42.02
29.7
20.36
3.22
0.93
6.03
4.71
24.8 26.5
1.77
2.7
7.63%
117.18
91.38
60.29
29.25
32.06
19.92
70.42
40.77
20.2
24.62
2.77
4.11
20.60%
106.9
91.07
18.99
17.43
54.44
40.35
43.77
13.93
59.07
90.01
27.6
16.94
10.53
19.82%
NA
57.07
14.73
29.3
NA
156.38
NA
7.13
NA
13.66
27.8
18.93
17.05
17.60%
117.14
101.54
31.45
18.31
57.16
71.98
11.51
8.56
77.41
82.5
28.8
9.14
2.87
4.68%
31.16
38.15
55.77
50.55
46.87
50.38
6.78
15.48
2.19
1.94
31
7.81
15.84
14.34%
22.32
21.84
62.02
59.57
87.14
53.67
9.56
7.05
17.09
20.79
31.6
25.15
28.88
11.26%
58.75
48.67
94.24
91.19
41.27
60.64
12.94
10.75
18.23
19.22
36
-1.04
0.64
3.92%
NA
1.46
1201.54
170.5
NA
74.96
NA
1.14
NA
10.65
36
21.68
6.58
2.85%
91.85
89.81
120.05
122.42
36.59
43.58
87.83
80.91
15.45
17.02
36.5
7.02
7.25
25.91%
67.73
85.21
117.18
55.87
142.77
309.12
4.88
10.58
51.99
99.07
36.6
2.14
2.88
10.23%
37.44
18.76
25.74
34.21
125.43
86.77
15.12
12.83
11.03
28.63
38.5
9.11
0.38
2.85%
98.41
53.07
447.87
1306.11
98.71
52.89
29.42
41.83
164.61
390.27
42.6
50.95
48.93
17.35%
38.93
40.24
51.01
48.53
79.66
67.26
6.02
5
11.72
10.43
8.4
5.25
5.55
5.98%
75.42
71.41
42.06
57.16
38.6
30.05
11.59
10.27
9.4
9.1
9.7
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
coSmeTIcS
-1.49 -3.53
& CLEANING
0.39 -4.32
chemIcALS
6.23 15.89
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
77
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
3
Hardcastle & Waud Mfg. Co. Ltd.
Diversified
33.38
14.18
22.97
12.16
85.75%
5.34
5.82
2009 14.73%
4
Bombay Burmah Trdg. Corpn. Ltd.
Diversified
243
281.13
143.13
159.12
56.60%
96.06
98.32
0.58%
5
Batliboi Ltd.
Diversified
130.25
97.54
79.58
69.8
71.56%
47.18
53.41
1.34%
6
Modi Industries Ltd.
Diversified
263.84
222.69
224.49
141.69
63.63%
98.85
96.76
0.66%
7
Jessop & Co. Ltd.
Diversified
131.88
207.26
142.44
142.1
68.56%
66.77
77.21
0.89%
9.09%
DruGs & PHArMAceuticAls 1
Vikram Thermo (India) Ltd.
Basic pharmaceuticals
17.41
14.93
9.5
9.38
62.83%
7.43
6.91
2
Natural Capsules Ltd.
Empty capsules
20.2
25.9
11.5
13.57
52.39%
12.15
19.64
2.67%
3
Chemcel Biotech Ltd.
Amino acid liquids
24.53
35.11
1.03
30.49
86.84%
1.3
8.6
10.10% 3.00%
4
Healthcaps India Ltd.
Empty capsules
17.97
21.57
10.23
12.22
56.65%
13.41
18.91
5
Syncom Formulations (India) Ltd.
Drug formulations
69.08
58.29
40.36
40.97
70.29%
31.69
32.34
2.17%
6
Anuh Pharma Ltd.
Antibiotics
113.68
122.14
91.12
95.17
77.92%
8.58
9.17
8.50%
7
Zandu Realty Ltd.
Ayurvedic & unani medicaments
138.43
92.35
47.5
30.32
32.83%
44.2
0.02
1641.58%
8
Medi-Caps Ltd.
Other pharmaceutical products
31.08
21.73
9.13
10.05
46.25%
4.77
5.47
8.46%
9
Sanjivani Paranteral Ltd.
Antibiotics
91.85
103.84
82.01
92.46
89.04%
13.03
18.65
4.77%
10
Suyash Laboratories Ltd.
Drugs, medicines & allied products
36.74
38.22
27.32
20.82
54.47%
27.98
25.36
2.15%
11
Amrutanjan Health Care Ltd.
Ayurvedic & unani medicaments
71.13
93.36
29.08
26.99
28.91%
21.87
18.19
1.59%
12
Goldwin Medicare Ltd.
Adhesive dressings
11.64
12.79
8.99
8.96
70.05%
4.07
4.01
17.47%
13
Tyche Industries Ltd.
Drugs, medicines & allied products
29.37
38.38
18.24
25.33
66.00%
10.45
13.23
4.99%
14
Vasudha Pharma Chem Ltd.
Drugs, medicines & allied products
165.67
217.53
116.59
151.49
69.64%
65.59
68.05
1.02%
15
Icpa Health Products Ltd.
Pharmaceutical products
30.91
37.5
11.01
14.69
39.17%
7.45
7.17
5.46%
16
Roopa Industries Ltd.
Drugs, medicines & allied products
11.73
14.19
9.09
11.62
81.89%
5.91
5.67
14.44%
17
Medicamen Biotech Ltd.
Drug formulations
77.34
86.31
53.22
57.78
66.94%
17.41
18.35
3.65%
18
Sidmak Laboratories (India) Pvt. Ltd.
Drug formulations
34.84
45.26
21.2
27.26
60.23%
43.85
47.25
1.27%
19
Kilitch Drugs (India) Ltd.
Drug formulations
117.32
129.16
90.62
101.28
78.41%
50.02
53.94
1.45% 34.97%
20
Sitaram Ayurveda Pharmacy Ltd.
Ayurvedic & unani medicaments
8.25
10.13
5.19
5.88
58.05%
1.65
1.66
21
SSL-TTK Ltd.
Other pharmaceutical products
118.63
111.51
70.51
77.53
69.53%
24.84
23.31
2.98%
22
N G L Fine-Chem Ltd.
Pharmaceutical products
12.72
24.67
9.03
16.91
68.54%
6.53
6.46
10.61%
23
Arvind Remedies Ltd.
Drug formulations
175.81
218.62
145.27
181.1
82.84%
65.75
54.3
1.53%
24
Group Pharmaceuticals Ltd.
Drug formulations
40.79
46.55
17.85
22.99
49.39%
9.5
9.03
5.47%
25
Agio Pharmaceuticals Ltd.
Pharmaceutical products
72.05
82.21
58.08
62.92
76.54%
18.03
38.28
2.00%
26
Raptakos, Brett & Co. Ltd.
Drug formulations
199.89
229.75
81.5
88.39
38.47%
84.37
84.82
0.45%
27
Paras Pharmaceuticals Ltd.
Drug formulations
335.78
294.07
101.69
80.61
27.41%
93.35
87.87
0.31%
28
Zyden Gentec Ltd.
Drugs, medicines & allied products
8.36
24.5
7.23
22.5
91.84%
3.43
4.19
21.92%
29
HAB Pharmaceuticals & Research Ltd.
Drug formulations
21.5
31.66
10.12
18.74
59.19%
8.24
9.01
6.57%
30
Zydus Animal Health Ltd.
Antibiotics
95.35
107.49
46.16
49.97
46.49%
18.16
9.54
4.87%
31
Sunil Healthcare Ltd.
Empty capsules
26.06
31.44
14.02
16.26
51.72%
28.59
28.3
1.83%
32
Venus Remedies Ltd.
Drugs, medicines & allied products
212.63
264.06
118.23
151.3
57.30%
120.68
171.03
0.34%
33
Amol Pharmaceuticals Pvt. Ltd.
Pharmaceutical products
34
Makers Laboratories Ltd.
Drug formulations
51.14
63.15
33.76
48.24
76.39%
16.05
18.58
4.11%
47.88
42.31
35.95
30.58
72.28%
3.13
3.85
18.77%
35
Sri Krishna Pharmaceuticals Ltd.
Drug formulations
117.78
140.86
102.28
102.75
72.94%
25.81
23.67
3.08%
36
Granules India Ltd.
Paracetamol
187.71
254.55
121.81
170.4
66.94%
196.92
226.54
0.30% 4.85%
37
Sandu Pharmaceuticals Ltd.
Ayurvedic & unani medicaments
13.44
14.24
3.45
4.55
31.95%
6.85
6.59
38
Ahlcon Parenterals (India) Ltd.
Drug formulations
45.97
37.67
23.3
19.67
52.22%
39.85
37.73
1.38%
39
Alta Laboratories Ltd.
Salicylic acids & their esters
30.43
39.3
29.49
29.25
74.43%
5.88
9.56
7.79% 1.90%
40
Mangalam Drugs & Organics Ltd.
Drugs, medicines & allied products
91.8
98.34
84.67
81.58
82.96%
35.54
43.55
41
Jagsonpal Pharmaceuticals Ltd.
Drug formulations
150.1
136.19
93.43
81.49
59.84%
46.54
53.48
1.12%
42
Endo Labs Ltd.
Drugs, medicines & allied products
27.81
25.71
21.1
20.68
80.44%
8.39
7.45
10.80% 0.40%
43
R P G Life Sciences Ltd.
Drug formulations
128.25
139.89
53.43
64.29
45.96%
122.33
116.19
44
Syncom Healthcare Ltd.
Drugs, medicines & allied products
51.72
60.56
41.26
40.84
67.44%
16.32
14.63
4.61%
45
East India Pharmaceutical Works Ltd.
Drug formulations
88.37
97.9
43.88
53.17
54.31%
15.14
15.19
3.58%
46
Concord Biotech Ltd.
Drug formulations
27.32
55.42
13.81
24.53
44.26%
35.75
39.43
1.12%
47
Biddle Sawyer Ltd.
Drug formulations
35.27
38.18
2.91
7.76
20.32%
0.02
0.02
1016.24%
48
P I Drugs & Pharmaceuticals Ltd. [Merged]
Drugs, medicines & allied products
67.7
107.46
42.03
66.98
62.33%
40.55
48.07
1.30%
49
Sequent Scientific Ltd.
Drugs, medicines & allied products
67.7
107.46
42.12
67.14
62.48%
40.55
48.08
1.30%
50
Alpa Laboratories Ltd.
Drugs, medicines & allied products
136.85
123.57
123.96
97.68
79.05%
51.93
53.57
1.48%
51
Phaarmasia Ltd.
Drug formulations
8.69
10.77
3.6
6.31
58.59%
16.21
14.96
3.92%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
78
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
PBDITA/2009 Net Sales
2009
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
Finished Goods Holding Period (days)
2009
2008
Composite Score
2009
0.93
0.93
6.56%
26.78
53.28
18.72
17.94
62.35
69.47
8.58
6.06
14.05
34.37
9.8
40.1
18.1
6.44%
79.36
75.27
64.11
52.16
62.28
66.44
8.33
6.93
45.33
38.92
10.5
17.53
-5.04
-5.17%
64.33
104.64
110.82
131.54
84.64
95.82
65.87
72.64
2.6
3.76
11.6
5.45
8.88
3.99%
34.57
39.77
142.7
149.67
28.75
30.01
5.97
6.78
45.99
53.54
12.5
25.47
29.38
14.18%
134.35
123.19
168.2
132.12
66.66
146.02
134.72
122.16
36.75
32.22
13.1
4.21
3.19
21.37%
120.27
143.96
66.19
53.76
28.23
30.53
2.83
2.62
14.41
14.91
67.2
5.54
7.64
29.50%
119.44
111.2
75.75
63.24
39.42
30.3
0.31
2.06
16.67
14.02
68.2
2.85
3.35
9.54%
162.53
181.57
126.31
24.2
3528.33
7.51
1.04
8.54
10.92
11.64
77
3.48
4.52
20.96%
NA
94.56
79.77
78.6
NA
33.08
NA
3.63
NA
6.01
78.6 80.5
7.97
7.45
12.78%
84.87
96.31
90.71
32.71
24.55
29.75
5.52
7.11
5.47
5.83
12.7
15.22
12.46%
79.9
73.48
125.03
68.63
22.35
16.85
1.81
2.25
11.18
8.6
83.2
26.25
21.43
23.21%
9.81
7.98
60.58
1.24
67.43
53.85
0.81
0.32
19.26
14.87
84.2
16.78
5.52
25.40%
96.5
84.24
61.17
56.15
40.74
39.36
7.15
3.43
27.92
21.81
87.8
7.48
8.27
7.96%
114.21
156.66
94.76
83.15
57.42
49.8
0.8
1
0.39
0.25
90.6 92.8
6.7
7.97
20.85%
75.63
116.28
28.12
30.77
27.54
22.48
13.61
19.77
27.87
20.1
10.76
19.4
20.78%
26.72
39.62
38.4
36.99
50.13
36.36
6.86
5.24
21.04
12.1
93.5
0.71
0.98
7.66%
NA
81.02
118.77
123.92
NA
27.45
NA
5.18
NA
4.04
96.4
19.12%
91.78
78.31
49.65
64.67
49.36
42.4
5.97
5.93
14.37
8.6
96.8
12.72%
96.82
92.79
98.58
69.12
36.9
26.64
14.34
18.64
0.86
1.14
101.2
8.84
10.47
27.92%
31.51
29.58
49.11
46.16
38.92
32.98
5.01
3.95
29.78
29.46
106.5
0.56
1.12
7.89%
83.67
89.59
53.91
56.87
36.04
31.93
13.99
12.75
9.94
9.44
107.7
4.31
4.27
4.95%
87.24
77.17
126.45
103.98
43.38
29.88
7.77
5.99
8.11
5.33
108.4
5.27
5.79
12.79%
45.24
45.8
29.3
53.36
65.25
44.92
9.45
6.6
2.21
1.65
108.8
23.18
24.11
18.67%
77.95
133.72
128.37
129.17
38.28
43.7
5.6
6.94
2.15
3.76
110
0.61
0.61
6.02%
59.91
54.32
57.42
55.72
8.36
13.15
1.68
2
37.88
38.79
110
12.03
3.16
2.83%
69.18
70.28
81.63
46.44
93.38
74.9
2.59
2.27
8.6
4.8
112.1 113.3
1.14
4.35
17.63%
117.89
66.07
63.41
53.71
46.72
28.22
61.21
38.03
5.14
7.62
18.09
19.48
8.91%
121.2
121.37
56.53
46.55
35.14
30.6
33.52
30.66
1.52
1.96
113.3
3.63
4.3
9.24%
48.7
48.89
65
53.32
53.46
50.63
12.46
5.94
18.8
14.37
114.8
4.16
9.49
11.54%
NA
146.32
137.71
87.36
NA
30.27
NA
5.17
NA
25.52
115
41.9
55.72
24.25%
28.83
28.42
43.5
38.92
44.64
40.12
4.09
4.82
27.84
22.38
119.4
73.62
74.84
25.45%
28.96
34.02
47.96
43.78
57.48
59.45
0.92
2.16
20.69
23.26
122.5
0.4
0.52
2.12%
61.28
31.09
30.45
9.36
78.21
17.85
72.88
31.04
28.45
7.12
125.3
1.71
3.4
10.74%
94.55
92.91
214.9
185.45
71.99
50.28
12.41
6.44
20.18
13.87
126.7
23.03
27.33
25.43%
42.74
44.73
61.73
59.3
91.96
65.87
5.69
5.25
40.06
33.85
131.7
6.27
6.12
19.47%
112.77
97.21
94.71
90.01
44.26
56.29
22.75
28.41
10.5
10.96
131.7
55.95
62.72
23.75%
22.11
32.71
17.43
15.55
26.75
36.1
16.76
19.73
14.2
17.1
132.5
5.16
7.45
11.80%
142.96
137.3
146.05
129.71
80.82
98.57
5.86
7.32
11.1
2.11
134
2.58
4.29
10.14%
40.25
47.23
35.53
39.66
29.6
32.83
4.59
6.49
38.32
40.96
135.3
8.14
18.36
13.03%
73.58
86.51
134.57
97.34
64.41
61.88
8.4
8.07
16.49
14.38
135.9
34.88
40.03
15.73%
35.41
36.97
32.36
45.35
39.81
35.46
8.71
15.42
11.2
16.15
138.5
1.45
1.6
11.24%
189.95
205.02
20.02
35.66
80.32
80.24
34.32
47.7
30.39
28.58
141.5
13.44
6.67
17.71%
46.08
65.78
50.44
37.83
98.2
85.11
9.33
10.66
16.66
20.53
142.5
1.06
2.85
7.25%
53.81
50.34
70.7
64.29
25.19
26.82
27.87
26.36
22.86
21.38
142.9
6.84
9.46
9.62%
92.44
81.5
43.4
53.34
24.51
30.8
13.59
14.21
28.22
29.92
144.3
13.24
15.72
11.54%
100.32
101
27.31
24.62
39.19
33.82
24.7
29.19
55.92
39.07
146.3
2.01
2.23
8.67%
107.7
103.5
110.78
62.01
62.77
94.32
19.67
25.35
14.18
10.94
147.9
22.29
25.57
18.28%
NA
69.73
147.41
138.44
NA
37.96
NA
18.53
NA
20.07
148.4
8.88
9.89
16.33%
141.97
159.66
19.95
32.96
96.27
107.68
21.62
27.48
21.05
26.88
149.2
7.88
9.53
9.73%
61.36
69.95
77.52
74.35
58.14
54.7
2.56
2.74
52.25
54.64
149.4
10.45
19.27
34.77%
NA
68.21
43.24
57.73
NA
96.84
NA
169.23
NA
1.71
151
20.73
21.12
55.32%
3.73
2.16
62.31
85.66
155.35
138.12
12.3
4.05
47.44
27.33
151.1 152.2
6.66
12.99
12.09%
71.7
67.84
114.78
59.66
69.2
85.2
11.97
10.49
9.5
15.27
6.64
12.99
12.09%
71.7
67.86
114.75
59.66
69.26
85.23
11.96
10.49
9.5
15.27
152.5
12.36
4.54
3.67%
68.12
117.2
87.49
149.37
35.98
58.7
8.87
9.28
13.16
13.76
152.8
0.57
1
9.29%
37.23
30.02
335.56
269.03
45.13
72.4
0.26
0.96
1.93
16.99
153.2
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
DrugS
7.34 27.68
& PHARMACEUTICALS
5.31 17.49
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
79
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
52
Anu’s Laboratories Ltd.
Drugs, medicines & allied products
145.98
155.14
120.04
123.89
79.86%
26.61
43.63
2009 1.83%
53
Novodigm Ltd. [Merged]
Pharmaceutical products
34.85
69.07
24.22
55.76
80.73%
32.78
48.08
1.68%
54
Ozone Pharmaceuticals Ltd.
Drug formulations
66.66
70.26
31.76
45.71
65.06%
12.81
13.39
4.86%
55
Bafna Pharmaceuticals Ltd.
Drug formulations
39.6
47.12
34.45
33.66
71.43%
32.1
36.91
1.94%
56
S M S Pharmaceuticals Ltd.
Drugs, medicines & allied products
210.81
244.38
159.43
197.98
81.01%
156.6
207.68
0.39%
57
Karnataka Antibiotics & Pharmaceuticals Ltd.
Drug formulations
186.94
219.43
160.32
177.2
80.75%
25
25.34
3.19%
58
Standard Pharmaceuticals Ltd.
Drugs, medicines & allied products
7.56
14.15
4.92
8.52
60.21%
29.05
29.99
2.01%
59
Hester Biosciences Ltd.
Drugs, medicines & allied products
31.69
29.16
10.17
13.73
47.09%
40.91
40.54
1.16%
60
Resonance Specialties Ltd.
Drug formulations
20.71
26.81
12.32
20.32
75.79%
19.63
20.6
3.68% 0.43%
61
Parenteral Drugs (India) Ltd.
Drug formulations
210.35
226.07
115.7
132.55
58.63%
103.04
134.8
62
Sven Genetech Ltd.
Amino acid liquids
24.4
34.36
8.69
13.89
40.42%
92.12
110.95
0.36%
63
Kopran Ltd.
Drugs, medicines & allied products
46.75
118.69
41.37
89.75
75.62%
130.3
126.83
0.60%
64
Jenburkt Pharmaceuticals Ltd.
Drug formulations
38.71
41.93
22.73
25.27
60.27%
6.08
7.41
8.13%
65
Lekar Pharma Ltd.
Drug formulations
25.4
26.84
16.21
18.58
69.23%
0.75
0.65
106.50%
66
Uni-Sankyo Ltd.
Drug formulations
39.81
49.19
21.02
22.39
45.52%
36.27
36.69
1.24%
67
Fermenta Biotech Ltd.
Drugs, medicines & allied products
31.23
36.88
16.28
13.97
37.88%
16.65
20.02
1.89%
68
Flamingo Pharmaceuticals Ltd.
Drug formulations
146.49
185.57
106.6
138.25
74.50%
51.2
54.85
1.36%
69
Coral Laboratories Ltd.
Drug formulations
32.98
35.08
18.93
17.22
49.09%
24.56
24.96
1.97%
70
Advik Laboratories Ltd.
Drug formulations
10.24
11.82
12.1
11.9
100.68%
5.03
5.24
19.21%
71
Themis Medicare Ltd.
Drug formulations
220.79
202.48
147.81
162.63
80.32%
75.14
103.3
0.78%
72
Fulford (India) Ltd.
Drug formulations
165.89
184.47
105.4
109.28
59.24%
3.44
2.93
20.22%
73
Schutz Dishman Biotech Pvt. Ltd.
Chlorhexidine
18.17
18.49
13.01
11.86
64.14%
11.34
10.22
6.28%
74
Nagarjuna Herbal Concentrates Ltd.
Ayurvedic & unani medicaments
26.09
26.25
16.14
17.27
65.79%
4.1
3.91
16.83% 0.47%
75
Vivimed Labs Ltd.
Drugs, medicines & allied products
155.03
154.22
104.44
109.62
71.08%
96.62
151.59
76
T T K Healthcare Ltd.
Drug formulations
200.86
223.52
136.34
141.19
63.17%
17.97
20.99
3.01%
77
Gujarat Terce Laboratories Ltd.
Drug formulations
12.5
15.9
8.19
12.18
76.60%
1.76
1.61
47.58%
78
Smruthi Organics Ltd.
Drugs, medicines & allied products
54.18
71.85
47.56
59.25
82.46%
24.66
27.22
3.03%
79
Wintac Ltd.
Drug formulations
14.97
15.02
9.27
9.14
60.85%
20.11
20.88
2.91%
80
Indian Immunologicals Ltd.
Vaccines
191.96
222.86
67.67
67.98
30.50%
69.35
72.09
0.42%
81
K D L Biotech Ltd.
Drugs, medicines & allied products
170.81
57.06
173.67
33.9
59.41%
74.57
82.84
0.72%
82
Hiran Orgochem Ltd.
Drugs, medicines & allied products
121.92
190
96.85
182.28
95.94%
38.22
37.78
2.54%
83
Suven Life Sciences Ltd.
Drugs, medicines & allied products
120.25
144.46
61.75
71.12
49.23%
113.43
115.85
0.42%
84
Albert David Ltd.
Drug formulations
156.21
183.24
64.44
71.92
39.25%
73.1
72.44
0.54%
85
Biocon Biopharmaceuticals Pvt. Ltd.
Pharmaceutical products
8.38
11.37
9.91
10.85
95.43%
79.81
80
1.19%
86
Sri Krishna Drugs Ltd.
Folic acid
42.12
37.02
28.44
29.36
79.31%
18.88
20.04
3.96% 6.99%
87
Organon (India) Ltd.
Drug formulations
156.92
166.09
76.67
95.31
57.38%
9.29
8.21
88
Medley Pharmaceuticals Ltd.
Drug formulations
166.6
186.32
104
100.55
53.97%
66.95
70.93
0.76%
89
Rusan Pharma Ltd.
CNS stimulant formulations
81.13
67
39.04
32.48
48.48%
34.73
49.07
0.99% 3.37%
90
Elder Health Care Ltd.
Drug formulations
68.88
51.52
44.75
26.12
50.70%
14.18
15.03
91
Morepen Laboratories Ltd.
Drugs, medicines & allied products
122.92
165.01
102.08
138.22
83.76%
543.06
499.3
0.17%
92
Emmellen Biotech Pharmaceuticals Ltd.
Ephedrines
56.82
80.73
37.25
43.87
54.34%
23.43
67.7
0.80% 2.58%
93
Cosme Pharma Ltd.
Drug formulations
23.9
21.88
12.49
7.64
34.92%
14.03
13.53
94
Bal Pharma Ltd.
Drug formulations
85.41
103.49
49.9
64.35
62.18%
45.49
54.9
1.13%
95
Ambalal Sarabhai Enterprises Ltd.
Drug formulations
62.04
55.59
76.2
81.61
146.81%
85.3
68.76
2.14% 2.31%
96
Span Diagnostics Ltd.
Drugs, medicines & allied products
61.32
67.52
30.39
31.47
46.61%
18.71
20.15
97
Capsugel Healthcare Ltd.
Empty capsules
11.04
18.72
15.73
17.39
92.90%
56.13
71.04
1.31%
98
Gufic Biosciences Ltd.
Drug formulations
54.88
51.83
33.72
30.51
58.87%
16.19
15.82
3.72% 0.21%
99
Natco Pharma Ltd.
Drug formulations
236.31
272.23
123.3
141.36
51.93%
202.28
248.12
100
Shantha Biotechnics Ltd.
Vaccines
144.11
209.05
53.38
38.37
18.35%
165.39
181.66
0.10%
101
B D H Industries Ltd.
Drug formulations
14.97
23.07
9.38
18.53
80.32%
16.28
15.77
5.09%
102
Panchsheel Organics Ltd.
Drugs, medicines & allied products
18.02
22.14
13.63
17.86
80.67%
6.79
7.6
10.61%
103
Fresenius Kabi Oncology Ltd.
Drug formulations
255.54
273.96
86.82
148.47
54.19%
197.69
198.34
0.27%
104
Tonira Pharma Ltd.
Drug formulations
32.5
41.21
24.22
24.7
59.94%
26.3
24.21
2.48%
105
Krebs Biochemicals & Inds. Ltd.
Drug formulations
49.43
50.16
33.27
45.45
90.61%
97.45
91.56
0.99%
106
Kerala Ayurveda Ltd.
Ayurvedic & unani medicaments
17.28
19.07
9.79
12.07
63.29%
13.97
21.13
3.00%
115.61
142.48
62.12
82.2
57.69%
235.56
277.03
0.21%
140.47
150.42
62.17
55.59
36.96%
132.53
144.38
0.26%
107
Biological E. Ltd.
Drug formulations
108
Bharat Serums & Vaccines Ltd.
Drugs, medicines & allied products
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
80
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days)
Finished Goods Holding Period (days) 2008
Composite Score
2008
2009
35.68
35.06
22.60%
32.66
87.4
35.63
51.81
25.42
26.17
102.49
129.86
19.82
2009 34.77
153.4
0.39
16.75
24.25%
132.09
71.82
106.43
65.63
87.87
45.65
62.56
28.83
4.28
18.24
153.5
8.28
5.39
7.67%
37.27
38.5
40.99
64.74
75.95
66.31
0.71
1.03
31.47
35.35
153.7
2.11
6.37
13.52%
129
134.03
132.99
128.1
34.34
84.29
20.52
32.03
10.59
7.4
156.3
49.79
28.68
11.74%
81.02
67.33
41.04
41.99
41.82
43.84
73.4
76.98
8.45
6.9
156.6
10.45
11.61
5.29%
79.56
103.86
147.3
136.21
50.35
32.27
11.17
11.06
28.4
30.26
156.9
-0.84
1.44
10.18%
150.56
98.58
125.77
120.05
75.66
43.23
42.75
25.23
53.74
26.68
157
17.12
14.61
50.10%
113.28
138.69
73.21
92.14
16.94
29.47
112.89
197.71
45.85
51.65
157.4 158.5
12.50%
60.15
49.74
65.31
92.73
59.23
36.09
83.45
61.13
10.74
11.73
14.94%
93.23
111.63
74.11
79.34
41.91
57.54
9.04
8.58
42.73
56.3
161.9
10.31
14.51
42.23%
77.67
96.82
37.32
21.78
88.42
69.71
87.02
67.38
44.03
41.42
162.6 162.9
-15.87
2.49
2.10%
242.33
69.19
248.25
134.34
102.36
39.81
125.36
28.25
16.58
5.35
3.78
4.38
10.45%
46.07
36.45
65.09
62.89
104.34
92.12
0.7
0.34
53.97
51.88
163
2.48
-11.15
-41.54%
5.62
3.92
53.13
61.17
64.91
54.81
6.03
7.09
52.37
33.92
164.4
1.55
4.47
9.09%
129.02
79.48
97.99
92.12
77.35
54.33
33.58
25.03
39.33
27.73
164.5
1.72
5.33
14.45%
130.21
131.65
82.7
62.05
83.5
117.2
51.3
33.01
28.56
27.5
164.6
15.77
21.83
11.76%
79.7
70.68
102.36
90.02
95.95
84.01
21.7
18.33
13.46
14.43
165.9
5.37
6.09
17.36%
38.89
29.63
86.29
78.67
101.56
83.35
10.78
5.78
31.7
37.55
167
0.22
0.48
4.06%
169.5
186.91
68.96
167.33
29.45
27.78
19.8
21.68
60.6
87.13
167.7
23.76
4.08
2.02%
98.57
112.29
106.33
116
55.61
50.55
27.09
54.19
11.4
8.1
168.7
34.7
32.86
17.81%
22.32
28.39
47.56
80.62
84.24
129.06
2.44
0.99
45.13
47.69
169.5
2.97
3.96
21.42%
127.7
39.28
68.96
130.8
67.28
119.7
27.06
27.26
6.58
5.43
169.6
1.18
0.51
1.94%
71.67
75.74
79.71
76.44
35.06
37.97
22.55
24.52
62.68
65.67
170.8
28.81
31.94
20.71%
104.7
127.88
54.3
51.1
75.76
88.66
28.73
34.06
31.1
35.15
175.6
11.22
16.78
7.51%
36.51
33.43
69.46
78.99
71.68
75.79
6.9
12.4
20.08
24.8
175.7
0.62
0.62
3.90%
109.56
91.03
92.68
72.29
790.83
5553.21
1.23
0.96
51.1
56
175.7
8.53
9.06
12.61%
75.45
62.55
96.47
110.36
58.98
44.06
168.56
146.7
10.73
11.72
176.4
1.54
0.84
5.59%
68.91
88.48
146.26
180.89
89.59
131.47
23.29
16.72
13.07
12.75
177.3
57.8
67.05
30.09%
111.87
121.54
93.78
99.74
88.6
88.75
22.91
74.87
23.08
27.78
178.7
-8.33
-4.88
-8.55%
63.46
99.3
115.89
92.28
21.63
93.92
0.48
2.42
22.5
49.31
179.4
13.61
-13.72
-7.22%
66.26
42.22
160.73
112.83
77.96
43.52
251.27
139.7
5.67
0.95
179.6
15.4
15.77
10.92%
78.47
73.78
70.39
65.43
56.22
63.45
38.2
34.43
32.77
29.55
180.2
22.79
25.12
13.71%
40.3
39.43
68.76
77.68
88.31
92.38
10.2
8.53
44.51
37.66
181.3
-0.17
7.95
69.92%
54.68
87.92
143.59
386
72.24
79.6
53.98
331.68
1.67
4.83
181.4
8.4
2.61
7.05%
83.45
104.74
107.93
121.73
66.45
74.23
22.23
27.06
17.5
28.09
181.6
28.21
39.65
23.87%
34.41
31.21
74.7
64.58
87.76
99.8
15.96
19.88
27.01
39.69
181.8
18.26
27.02
14.50%
55.15
58.67
95.79
74.71
81.61
103.06
7.22
4.36
52.59
58.99
182.4
21.13
15.86
23.67%
170.79
227.14
142.81
146.72
84.56
135.5
31.87
56.41
8.34
20.86
183.2
3.05
2.9
5.63%
33.64
61.55
125.09
227.18
68.48
83.49
5.82
4.59
42.22
54.63
186.9
-5.34
2.92
1.77%
30.36
32.9
175.06
179.4
42.14
42.32
18.59
13.55
16.83
14.68
187.5
6.29
13.02
16.13%
70.77
53.76
124.76
98.36
81.96
81.53
175.85
67.65
16.17
17.71
190.6
2.52
2.72
12.43%
16.88
13.63
117.12
147.05
122.56
147.78
12.41
18.96
17.03
15.2
190.8
10.11
12.91
12.47%
91.04
90.13
92.76
110.91
98.99
83.09
38.75
33.13
45.97
34.56
195.1
-41.1
-124.48
-223.93%
190.69
180.05
555.52
315.8
127.13
148.45
23.8
28.23
9.13
10.45
195.4 195.5
7.4
7.46
11.05%
70.64
85.77
105.5
99.65
175.91
133.01
15.31
20.95
49.34
42.42
-22.11
-19.06
-101.82%
83.57
63.55
210.48
412.13
94.25
74.22
16.23
10.41
21.9
20.16
197
4.8
4.68
9.03%
65.82
79.35
91.76
91.5
215.26
162.7
30.07
29.01
29.94
27.71
197.3
68.65
78.4
28.80%
52.07
55.14
123.92
143.22
89.74
90.08
74.09
74.14
15.53
16.84
197.8
39.41
83.93
40.15%
57.39
68.04
82.51
97.75
63.94
134.49
23.75
19.7
42.35
52.31
199.2 200.6
1.93
2.54
11.01%
200.09
122.47
149.22
84.07
249.55
97.45
121.77
67.22
49.97
40.23
2.04
2.2
9.94%
129.34
100.91
116.72
81.59
102.05
133.82
36.82
36.38
49.02
35.63
201.6
44.68
-62.69
-22.88%
112.18
138.51
76.36
59.89
159.49
186.93
87.75
80.8
24.43
26.04
202.9 204.3
-1.78
7.09
17.20%
51.85
62.28
99.42
139.69
69.08
107.03
133.25
91.84
14.78
17.71
8.88
-28.09
-56.00%
184.24
186.61
101.17
146.78
179.98
113.4
383.09
240.6
13.04
7.43
205
-2.73
-0.74
-3.88%
86.98
96.05
68.95
68.2
73.92
70.11
132.85
171.04
60.86
66.63
208.6
31.91
-26.57
-18.65%
46.21
55.11
167.06
296.84
78.06
68.01
25.62
58.01
19.96
16.59
209.9
18.18
21.74
14.45%
59.1
65.27
106.32
105.49
106.71
114.8
64.66
51.06
35.09
28.64
210.3
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
DrugS
3.35 33.77
& PHARMACEUTICALS
3.25 38.72
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
81
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2008
2009
45.42
51.74
52.02%
49.39
59.9
0.87%
Drug formulations
10.13
10.91
9.41
8.09
74.15%
74.45
84.35
0.88%
Drugs, medicines & allied products
110
Zenotech Laboratories Ltd.
2009
Fixed Asset Turnover Ratio (FATR)
99.47
Troikaa Pharmaceuticals Ltd.
2008
Net Fixed Assets (Rs Crore)
75.64
109
2009
COGS/ 2009 Net Sales
2009
111
Kudos Chemie Ltd.
Caffeine & its salts
105.92
226.68
96.3
209.54
92.44%
117.48
149.94
0.62%
112
Unimed Technologies Ltd.
Drug formulations
177.77
197.01
158.82
247.57
125.66%
7.14
7.1
17.70%
113
Marksans Pharma Ltd.
Drugs, medicines & allied products
246.71
206.68
213.6
167.82
81.20%
205.05
278.96
0.29%
DrY cells & storAGe BAtteries 1
Amco Batteries Ltd.
Storage batteries
159.82
193.9
144.77
147.17
75.90%
2.84
7.45
10.19%
2
Nippo Batteries Co. Ltd.
Dry cells
265.5
271.5
187.78
206.29
75.98%
42.42
48.25
1.57%
3
Tudor India Ltd.
Storage batteries
129.24
141
97.55
94.24
66.84%
8.17
16.01
4.17%
4
Amco Saft India Ltd.
Storage batteries
20.81
32.26
16.29
23.22
71.98%
1.55
2.25
31.99% 2.55%
5
High Energy Batteries (India) Ltd.
Storage batteries
6
Panasonic Energy India Co. Ltd.
Dry cells
7
Star Battery Ltd.
Storage batteries
18.47
24.19
13.25
12.68
52.42%
8.5
20.58
164.01
155.34
120.83
118.56
76.32%
31.12
27.58
2.77%
43.14
58.81
33.35
43.3
73.63%
30.06
30.03
2.45%
electronics 1
Patels Airtemp (India) Ltd.
Electric appliances
53.91
67.17
36.34
42.62
63.45%
8.16
9.35
6.79%
2
Elgi Ultra Inds. Ltd.
Grinders & mixers
65.64
73.23
46.28
52.59
71.81%
6.3
6.17
11.64%
135.35
196.44
114.38
178.79
91.02%
9.39
15.4
5.91%
6.97
11.21
5.3
6.96
62.09%
2.88
3.92
15.84%
3
Panasonic A V C Networks India Co. Ltd.
Television receivers, colour
4
Patels Airflow Ltd.
Industrial fans, blowers
5
Kavveri Telecom Products Ltd.
Broadcasting equipment
141.02
182.25
115.14
134.65
73.88%
13.35
33.01
2.24%
6
Gandhimathi Appliances Ltd.
Grinders, mixers & fruit or vegetable juice extract
61.49
145.78
39.83
87.66
60.13%
14.75
14.2
4.23%
7
Lakshmi Electrical Control Systems Ltd.
Control panels
119.85
103.13
90.74
83.64
81.10%
16.52
13.71
5.92%
8
Tibrewala Electronics Ltd.
Capacitors
49.49
56.82
31.92
38.63
67.99%
26.35
24.76
2.75%
9
Ruttonsha International Rectifier Ltd.
Semiconductor devices
14.01
22.04
10.49
15.92
72.23%
1.18
14.7
4.91%
10
Continental Device India Ltd.
Semiconductor devices
133.41
86.37
107.9
69.95
80.99%
33.86
35.99
2.25%
11
Exicom Tele-Systems Ltd.
Switch mode power supply systems
70.89
105.14
51.05
71.8
68.29%
5.91
7.41
9.22%
12
Punjab Communications Ltd.
Communication & broadcasting equipment
17.39
139.27
13.2
129
92.63%
8.23
7.25
12.78%
13
Circuit Systems (India) Ltd.
Printed circuit boards
38.69
36.59
21.55
23.4
63.95%
36.02
43.39
1.47%
14
Hind Rectifiers Ltd.
Semiconductor devices
102.05
98.2
71.46
69.91
71.19%
12.08
11.25
6.33% 31.90%
15
H T L Ltd.
Teleprinters, telexes
16
F C I Oen Connectors Ltd.
Connectors
17.63
29.13
13.53
48.04
164.92%
5.5
5.17
230.64
260.21
162.07
183.29
70.44%
70.3
74.55
17
Kaycee Industries Ltd.
0.94%
Rotary switches
19.97
21.07
14.13
15.8
74.99%
1.72
2.42
30.99%
18 19
Photon Energy Systems Ltd.
Solar appliances
72.96
122.95
65.74
119.37
97.09%
9.16
9.65
10.06%
Centenial Surgical Suture Ltd.
Surgical equipment
39.61
47.32
16.58
26.3
55.58%
5.03
5.85
9.50%
20
Lubi Electricals Ltd.
Miscellaneous electronic equipment
85.57
101.34
47.76
55.27
54.54%
8.8
7.89
6.91%
21
A D C India Communications Ltd.
Communication & broadcasting equipment
96.61
101.23
69.05
81.71
80.72%
9.8
10.19
7.92%
22
Sharp India Ltd.
Television receivers
91.68
91.74
51.91
63.97
69.73%
13.38
12.34
5.65%
23
Anchor Daewoo Inds. Ltd.
Consumer electronics
139.89
176.73
109.01
166.35
94.13%
55.91
73.31
1.28%
24
Poly Medicure Ltd.
Medical equipment
94.32
116.1
52.47
55.94
48.18%
58.15
57.92
0.83%
25
Panasonic Home Appliances India Co. Ltd.
Cooking ranges
80.39
100.54
57
65.4
65.05%
11.32
13.43
4.84%
26
Lipi Data Systems Ltd.
Line printers
162.37
181.34
118.18
139.41
76.88%
33.04
36.95
2.08% 2.96%
27
Solectron E M S India Ltd.
Other electronic components
317.8
220.1
288.44
181.46
82.44%
30.82
27.88
28
Frick India Ltd.
Commercial refrigerators
58.9
79.47
29.55
47.05
59.20%
6.4
6.36
9.31%
29
Hawkins Cookers Ltd.
Cookers
204.31
242.77
122.59
132.08
54.41%
14.79
15.16
3.59%
30
Fine-Line Circuits Ltd.
Printed circuit boards
24.63
28.15
13.82
16.25
57.73%
2.82
3.19
18.10%
31
Elico Ltd.
Analytical instruments
28.22
34.2
16.54
18.51
54.12%
11.33
10.08
5.37%
32
Mazda Ltd.
Domestic appliances (Electro-mechanical)
59.68
81
38.19
42.65
52.65%
11.48
12.64
4.17%
33
M I L Controls Ltd.
Control valves
56.08
67.64
31.49
38.71
57.23%
8.23
12.96
4.42%
26.85
34.28
21.2
27.22
79.40%
5.65
5.35
14.84%
11.73
11.92
9.48
8.71
73.07%
3.7
3.17
23.05%
43.55
15.04
28.17
7.87
52.33%
3.57
0.83
63.04%
16.13
15
10.61
8.21
54.73%
4.38
4.49
12.19%
34
Kanchan International Ltd.
Non-electric cooking appliances
35
Incap Ltd.
Electrolytic capacitors
36
Chemito Technologies Pvt. Ltd.
Chromatographs
37
Rexnord Electronics & Controls Ltd.
Instrument cooling fans
38
Starlite Lighting Ltd.
Lamps
22.69
43.93
19.37
32.67
74.37%
21.11
54.57
1.36%
39
Akasaka Electronics Ltd. [Merged]
Printed circuit boards
25.89
28.64
20
22.61
78.95%
11.62
8.54
9.24%
212.93
191.43
143.59
130.87
68.36%
68.75
82.32
0.83%
70.12
115.68
45.58
95.13
82.24%
26.5
49.09
1.68%
498.68
81.53
283.05
46.52
57.06%
116.66
78.67
0.73%
25.28
23.47
17.51
19
80.95%
11.43
10.18
7.95%
40
AT & S India Pvt. Ltd.
Printed circuit boards
41
Salzer Electronics Ltd.
Rotary switches
42
C M S Computers Ltd.
Computer peripherals
43
V X L Technologies Ltd.
Electronic test & measuring instruments
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
82
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2008
2009
12.73
13.96
14.03%
40.25
40.93
125.49
102.77
80.24
62.62
24.76
36.92
67.83
2009 67.09
211.2
-5.8
-15.8
-144.82%
252.15
76.51
133.6
76.82
285.47
230.56
27.88
31
42.56
22.66
215.5
36.81
70.7
31.19%
66.95
74.76
77.45
103.14
80.73
92.79
177.74
95.7
40.32
46.5
226.8
3.22
1.08
0.55%
22.11
39.36
90.65
128.52
195.42
142.95
18.28
15.38
16.58
42.92
228
39.94
28.05
13.57%
81.68
95.4
73.19
71.19
202.43
205.59
36.81
84.76
147.52
162.03
239.6
5.26
0.34
0.18%
97.92
74.76
73.35
61.15
16.08
18.32
3.48
2.77
24.06
24.74
9.3
30.05
30.62
11.28%
43.87
62.58
25.05
32.64
28.05
27.1
4.26
4.08
8.98
11.41
9.8
11.21
6.47
4.59%
90.29
99.8
38.77
52.38
17.75
24.88
16.9
17.95
24.52
35.96
10.6
0.6
0.9
2.79%
103.73
103.02
126.7
121.14
55.85
39.68
33.37
15.31
37.96
31.58
10.9
2.23
3.64
15.05%
146.64
122.1
136.3
163.64
333.86
513.67
27.86
29.95
2.76
2.32
11.3
5.31
-6.91
-4.45%
10.36
19.89
30.58
40.46
50.17
49.15
1.62
2.3
15.11
15.69
11.3
6.11
7.31
12.43%
NA
98.02
134.13
122.78
NA
55.32
NA
47.45
NA
0.61
12.4
8.83
11.83
17.61%
81.32
90.7
65.47
54.38
36.05
34.66
16.24
16.23
2.9
0.08
56.5
3.28
3.63
4.96%
49.35
54.08
54.45
47.83
25.78
20.48
4.98
6.82
1.35
2.16
57
8.14
3.24
1.65%
30.18
28.26
25.77
37.99
16.7
14.65
0.31
0.08
0.71
0.5
59.7
0.91
2.03
18.11%
90.19
69.57
78.37
46.42
38.44
37.82
18.03
22.65
0.86
0.55
61.1
17.36
23.82
13.07%
93.83
105.52
52.84
77.14
5.91
6.29
0.54
0.95
9.29
9.63
63.5
5.69
15.75
10.80%
49.19
37.8
129.67
52.22
21.84
22.34
22.82
14.27
3.15
3.41
69.2
24.39
13.48
13.07%
45.28
56.26
67.77
20.77
39.15
45.71
9.1
8.74
1.47
3.2
69.3
5.3
8.49
14.94%
107.53
107.45
41.99
26.43
46.03
29.76
17.93
16.36
18.23
12.73
71
1.76
4.42
20.05%
122.24
95.43
55.75
39.81
53.46
42.91
30.64
26.1
0.83
1.88
71.4
7.29
8.44%
41.52
57.01
37.7
51.96
17.13
25.4
1.83
3.54
6.92
4.4
71.9
18.24
17.35%
193.46
117.78
147.33
84.76
30.07
31.06
38.34
45.33
3.3
1.16
73.3
-2.13
2.94
2.11%
889.05
64.37
469.72
98.91
360.7
8.52
13.14
0.48
81.96
8.14
73.4
6.93
2.6
7.11%
122.22
126.63
49.43
65.08
69.95
67.24
12.58
11.99
0.51
0.24
73.9
20.84
16.31
16.61%
96.67
112.7
55.48
46.25
47.26
61.03
20.14
20.46
3.25
4.12
74.3
-12.35
-72.4
-248.54%
13744.63
1156.2
3526.49
1458.45
658.68
28.06
76.45
15.75
0
0.4
77.8
50.26
48.04
18.46%
56.19
61.31
60.5
86.27
41.59
39.47
18.08
11.79
7.04
5.65
86.6 90.7
1.55
1.69
8.02%
91.37
93.43
88.78
79.69
30.78
34.01
15.6
19.72
14.81
15.39
5.87
2.36
1.92%
24.59
14.11
147.01
22.08
74.24
50.36
9.68
12.64
4.63
3.25
91.2
4.15
4.96
10.48%
98.83
96.76
109.66
114.42
68.08
70.31
2.93
2.82
25.4
34.41
95.3 95.4
6.88
8.64
8.53%
62.2
53.11
80.79
56.94
58.88
46.67
27.08
21.28
11.17
10.12
14.66
10.31
10.18%
85.79
102.43
75.05
87.56
47.31
47.62
1.44
2.77
24.69
32.85
95.7
-2.34
0.83
0.90%
108.75
62.92
67.41
65.02
77.89
41.56
2.51
0.9
59.37
28.99
96.3
12.37
-41.57
-23.52%
104.78
29.99
91.98
84.07
41.21
23.25
0
3.64
7.51
5.52
96.9
18.12
17.89
15.41%
47.48
51.77
61.6
66.02
83.23
84.03
12.38
12.28
6.7
8.27
97.3
4.3
4.21
4.19%
24.44
22.38
51.66
54.64
27.82
28.55
12.17
12.13
23.09
25.31
97.7
20.87
14.41
7.95%
67.45
76.9
63.05
56.73
41.19
35.71
8.54
7.34
41.6
35.31
98.6
24.43
9.65
4.38%
57.14
52.68
59.31
32.47
45.6
62.9
8.96
15.46
2.59
3.71
98.6
7.23
8.91
11.21%
77.13
60.07
104.17
94.22
90.26
77.17
29.92
21.07
4.03
3.48
98.8
20.71
29.65
12.21%
35.67
34.56
59.25
55.09
35.08
40.32
31.91
30.03
14.95
11.52
99.2
0.85
0.35
1.24%
68.64
52.34
47.67
51.38
84.37
79.52
19.39
13.69
14.01
10.22
99.2
3.5
7.7
22.51%
136.2
138.25
99.26
114.61
174.73
165.41
40.04
31.48
1.64
2.68
99.6
10.97
15.73
19.42%
58.79
65.29
62.88
50.09
65.15
72.52
52.84
41.41
14.2
9.6
101.3
20.2
19.74
29.18%
65.49
70.27
86.97
77.81
81.09
85.11
12.74
13.34
16.2
17.58
101.7
-3.11
2.11
6.16%
178.72
165.23
171.04
135.18
50
59.27
8.94
14.79
29.89
19.18
102.9
1.68
1.34
11.24%
70.73
67.1
59.48
41.12
121.52
119.92
7.73
6.18
39.62
38.95
103.3
5.69
0.38
2.53%
113.46
255.65
80.28
90.43
55.58
150.96
33.36
62.32
3.96
3.29
103.4
1.93
1.73
11.53%
75.52
76.46
89.72
85.61
39.77
62.8
92.2
112.28
5.54
8.61
104.7
1.24
3.94
8.97%
54.58
41.46
55.32
114.91
36.29
31.79
8.35
10.89
10.77
15.24
105.5
4.87
2.82
9.85%
47.67
59.57
59.19
49.58
71.65
46.29
23
32.37
11.93
13.56
106
30.09
6.29
3.29%
32.38
30.19
87.77
50.2
97.4
88.17
10.87
8.75
5.49
5.23
106.1 106.3
11.39
15.96
13.80%
83.41
70.85
40.24
57.35
60.69
34.61
31.1
28.04
8.64
15.16
36.96
-2.83
-3.47%
99.17
441.2
88.48
212.74
122.8
358.92
0.19
0.78
5.15
9.2
107.1
-1.6
-3.85
-16.40%
110.28
121.44
66.43
52.87
73.07
62.41
52.46
39.64
8.16
9.36
107.4
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
eLecTroNIcS
7.76 11.66
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
83
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2008
2009
22.08
21.94
56.72%
23.92
26.25
2.16%
Industrial electronics & automation equipment
109.12
81.3
83.56
58.96
72.52%
10.56
13.58
5.34%
Printed circuit boards
45
Ador Powertron Ltd.
2009
Fixed Asset Turnover Ratio (FATR)
38.68
Precision Electronics Ltd.
2008
Net Fixed Assets (Rs Crore)
25.17
44
2009
COGS/ 2009 Net Sales
2009
46
S P E L Semiconductor Ltd.
Integrated circuits
75.98
82.62
40.74
43.49
52.64%
112.6
116.77
0.45%
47
Calcom Vision Ltd.
Television receivers
7.07
11.12
6.79
10.7
96.22%
6.16
5.49
17.53%
48
Easun Reyrolle Ltd.
Electronic relays
187.49
144.51
128.14
134.36
92.98%
28.97
37.13
2.50%
49
Hind Lamps Ltd.
Electric filament or discharge lamps
78.58
59.27
67.46
43.19
72.87%
21.9
19.71
3.70%
50
Aimil Ltd.
Other testing & measuring instruments
98.11
98.57
71.3
75.48
76.58%
9.75
9.22
8.31%
51
Racold Thermo Ltd.
Water heaters
122.64
120.82
93.52
77.54
64.18%
27.02
24.78
2.59%
52
Inor Medical Products Ltd.
Medical electronic equipment
53
F C I Technology Services Ltd.
Connectors
54
Smartlink Network Systems Ltd.
Computer peripherals
55
Central Electronics Ltd.
Solar appliances
56
Cosmo Ferrites Ltd.
Soft ferrites
31.64
30.2
57
Universal Comfort Products Ltd.
Window airconditioner
201.8
135.42
16.3
15.54
9.81
5.83
37.52%
1.28
2.64
14.21%
52.82
66.89
33.59
43.3
64.73%
53.69
68.07
0.95%
303
169.94
227.08
108.96
64.12%
60.87
51.91
1.24%
153.84
142.17
133.24
126.31
88.84%
29.66
27.94
3.18%
18.89
16.68
55.23%
33.05
32.67
1.69%
176.91
128.25
94.71%
49.25
39.81
2.38%
58
Mahindra Hinoday Inds. Ltd.
Passive components
251.32
260.45
196.07
181.05
69.51%
171.72
157.97
0.44%
59
Astra Microwave Products Ltd.
Microwave passive components
118.96
113.32
75.6
61.29
54.09%
88.15
93.86
0.58%
60
Switching Technologies Gunther Ltd.
Reed switches
8
10.31
8.52
8.9
86.32%
1.43
1.44
59.95%
61
V X L Instruments Ltd.
Computer terminals
93.53
80.44
88.4
48.96
60.87%
24.91
24.63
2.47%
62
Siemens Healthcare Diagnostics Ltd.
Medical equipment
54.88
102.25
39.6
99.09
96.91%
16.04
51.89
1.87%
63
Mro-Tek Ltd.
Communication & broadcasting equipment
139.33
129.33
116.78
104.12
80.51%
27.7
28.67
2.81%
64
Arraycom (India) Ltd.
Resistors
15.02
28.47
8.85
23
80.79%
9.84
8.44
9.57%
65
Aplab Ltd.
Power control equipment
116.12
104.86
88.89
76.6
73.05%
18.77
26.13
2.80% 27.27%
66
Webfil Ltd.
Filaments / electrodes
19.4
21.45
13.37
15.44
71.98%
2.89
2.64
67
B P L Telecom Pvt. Ltd.
Communication & broadcasting equipment
129.63
53.09
97.67
31.06
58.50%
42.16
34.6
1.69%
68
Bombardier Transportation India Ltd.
Process control equipment
217.53
268.17
113.08
167.08
62.30%
39.99
185.13
0.34%
329.25
297.46
277.33
225.93
75.95%
21.98
22.56
3.37%
39.06
36.45
25.43
28.18
77.31%
14.39
17.1
4.52% 4.22%
69
Khaitan Electricals Ltd.
Fans
70
Accel Transmatic Ltd.
Other computer peripherals
71
Artificial Limbs Mfg. Corpn. of India
Therapy equipment
44.48
55.67
33.73
37.14
66.71%
16.19
15.8
72
Instrumentation Ltd.
Control instrumentation & industrial electronics
234.16
248.5
178.35
199.78
80.39%
11.85
11.36
7.08%
73
Shyam Telecom Ltd.
Transmission equipment
222.45
186.02
187.99
179.55
96.52%
39.47
39.3
2.46%
74
Polar Industries Ltd.
Fans
91.95
88.47
93.98
73.42
82.99%
12.69
10.96
7.57%
75
B P L Ltd.
Television receivers
111.97
76.04
81.91
58.8
77.33%
164.91
155.75
0.50%
76
P K L Ltd.
Non-electric cooking appliances
77
Asian Electronics Ltd.
Electronic components
26.75
33.94
18.5
28.88
85.09%
11.38
12.85
6.62%
219.53
221.78
191.46
129.97
58.60%
58.84
53.37
1.10%
Ferrous MetAls 1
J V Strips Ltd.
Cold rolled coils, strips, sheets
148.4
152.31
141.09
143.14
93.98%
8.98
8.27
11.36%
2
Nova Iron & Steel Ltd.
Sponge iron
157.98
220.71
140.11
190.75
86.43%
23.69
25.43
3.40%
3
Sanghvi Forging & Engg. Ltd.
Forgings
22.48
28.89
15.83
20.12
69.64%
9.4
10.59
6.58%
4
Garg Furnace Ltd.
Stainless steel ingots
162.06
146.67
151.89
138.74
94.59%
4.77
5.87
16.11%
5
Upper India Special Castings Ltd.
Castings
8.14
11
5.57
7.26
66.00%
2.6
2.55
25.88%
6
Varsha Forgings Ltd.
Forgings
16.8
13.47
12.82
10.62
78.84%
1.93
4.78
16.49%
7
Stelco Ltd.
Flat products
71.6
76.77
59.69
61.83
80.54%
5.28
6.94
11.61%
8
I S T Steel & Power Ltd.
Sponge iron
4.86
59.1
1.7
53.07
89.80%
79.73
87.29
1.03%
9
Chase Bright Steel Ltd.
Bars & rods
14.8
21.47
13.77
17.74
82.63%
2.09
1.93
42.81%
10
Southern Ispat & Energy Ltd.
Stainless steel bars & rods
41.39
39.16
32.94
30.73
78.47%
1.71
3.88
20.22%
11
Unique Structures & Towers Ltd.
Structures
62.1
74.63
51.33
47.44
63.57%
6.08
7.91
8.04%
12
Kundil Ispat Ltd.
Bars & rods
61.68
68.12
58.22
65.9
96.74%
5.36
5.43
17.82%
13
Aditya Forge Ltd.
Forgings
6.5
29.34
6.96
26.57
90.56%
5.77
6.19
14.63%
14
B S L Scaffolding Ltd.
Medium structurals (Scaffolding, shuttering)
101.96
75.58
88.97
63.48
83.99%
13.09
12.07
6.96%
15
Magna Electro Castings Ltd.
Steel castings
56.12
63.99
27.31
32.78
51.23%
30.75
29.06
1.76%
16
Steelcast Ltd.
Steel castings
117.98
133.17
67.5
76.64
57.55%
33.98
37.5
1.53%
17
Birla Accucast Ltd.
Cast iron castings
27.44
28.41
25.78
23.59
83.03%
17.92
16.98
4.89%
18
Modinagar Rolls Ltd.
Flat products
13.24
15.74
8.35
9.78
62.13%
4.93
5.15
12.06%
19
B P Alloys Ltd.
Semi-finished Steel
34.92
39.25
29.23
33.1
84.33%
1.25
2.04
41.34%
20
R S Infra-Transmission Ltd.
Finished Steel (Non-Alloy Steel)
124.97
183.12
128.99
159.29
86.99%
9.49
11.47
7.58%
21
Modern Steels Ltd.
Bars & rods
289.6
279.56
198.86
207.72
74.30%
58.05
58.75
1.26%
22
Rajkumar Forge Ltd.
Forgings
42.67
46.55
33.41
33.51
71.99%
7.97
8.91
8.08%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
84
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
1.87
5.17
13.37%
105.22
85.31
73.83
75.19
77.3
87.62
131.89
116.31
1.51
0.89
14.1
9.15
11.25%
53.86
63.62
88.76
53.56
15.4
33.72
34.26
45.83
10.37
23.09
107.6 107.6
19.79
21.15
25.60%
21.9
20.6
164.01
75.83
84.75
71.46
49.68
56.03
3.83
0.75
109.5
-0.38
-0.09
-0.81%
190.7
93.66
314.92
231.52
129.47
81.84
19.06
10.68
12.78
9.13
110
37.91
16.85
11.66%
124.06
188.34
94.91
102.58
35.94
44.99
10.78
17.94
10.5
27.22
110.3
-5.18
-8.74%
24.82
30.48
69.4
70.95
41.82
47.32
2.73
3.49
27.13
24.84
110.6
8.3
8.42%
110.2
116.73
93.94
85.55
132.18
89.16
5.18
4.78
39.55
48.74
111.2
14.82
15.49
12.82%
82.15
75.23
80.67
93.91
40.09
39.45
27.36
21.28
32.8
38.2
111.9
1.2
0.91
5.86%
88.31
87.31
125.73
141.86
11.85
19.9
56.31
73.9
74.6
76.45
113.8
5.33
-4.25
-6.35%
64.16
67.47
110.35
187.14
64.78
105.76
1
1.27
4.97
8.73
114.3
42.88
15.91
9.36%
67.66
96.09
64
40.81
103.17
114.8
13.42
20.63
24.86
28.01
118.2
12.92
7.8
5.49%
127.94
189.08
140.94
172.14
35.08
34.58
21.01
39.09
17.32
24.57
119.4
5.67
3.17
10.50%
41.89
45.34
44.38
58.26
72.75
58.57
23.28
31.37
19.08
21.08
119.4
6.45
-6.11
-4.51%
NA
56.49
85.78
104.86
NA
84.5
NA
0.44
NA
12.28
119.6
17.66
-30.3
-11.63%
74.09
66.75
90.02
74.68
40.28
32.13
30.07
21.37
29.28
26.2
120.3
41.97
31.95
28.19%
196.71
208.12
150.84
199.74
122.7
147.97
69.41
78.48
8.33
9.24
122.4
-1.49
-0.25
-2.42%
17.5
14.31
97.43
69.21
90.77
91.82
30.78
27.93
0.93
3.62
123.7
-6.19
3.1
3.85%
125.07
188.17
134.78
145.17
41.65
71.46
41.91
48.38
7.91
16.25
127.3
9.66
13.16
12.87%
76.56
86.09
86.47
293.24
70.9
65.25
13.96
8.21
24.67
50.76
127.7
24.34
6.76
5.23%
73.17
70.37
111.33
55.46
53.28
71.53
14.54
15.77
43.84
52.39
128.3
0.74
2.3
8.08%
267.32
131.66
85.62
24.79
288.68
270.1
226.74
254.03
47.81
17.83
129.4
11.73
8.12
7.74%
82.84
100.97
75.82
95.66
103.28
122.52
24.91
30.26
9.09
12.92
130.4
2.37
1.42
6.62%
205.4
175.43
123.27
71.78
322.12
251.29
157.09
143.66
26.72
23.65
133.5
15.1
0.89
1.68%
150.55
411.17
34.48
264.12
82.06
159.07
20.92
12.48
39.16
83.8
134.1
71.26
-1.14
-0.43%
62.14
53.57
368.95
433.99
73.11
237
11.45
19.84
0
1.86
134.5
30.41
20.42
6.86%
168.78
210.03
137
148.25
60.54
67.94
33.96
35.09
69.16
98.84
136.7
7.08
1.02
2.80%
98.8
114.42
67.45
82.07
92.29
191.32
35.58
89.15
8.81
11.6
138.2 140.5
2.8
3.64
6.54%
112.52
106.74
156.95
173.27
122.39
120.31
24.85
25.87
44.86
41.81
0.16
-21.6
-8.69%
234.52
284.79
198.69
172.4
165.4
163.91
87.81
68.77
15.56
14.7
141.4
15.4
5.48
2.95%
129.07
195.34
200.61
228.68
180.17
207.64
23.73
23.89
3.26
14.24
141.5 143.4
-77.33
-26.88
-30.38%
185.2
77.21
285.91
322.46
34.66
40.87
38.62
43.41
47.47
40.6
-112.73
-55.93
-73.55%
83.18
118.5
355.8
447.03
60.42
102.58
15.36
13.52
40.32
51.1
149.1
1.95
1.62
4.77%
33.32
29.17
990.19
734.2
53.45
62.69
25.4
24.6
41.5
43.79
151.5
-129.68
30.57
13.78%
550.24
678.66
167.79
297.15
181.17
192.48
125.01
162.45
83.8
101.05
154.7
4.61
4.62
3.03%
36.3
40.14
3.11
3.04
22.72
18.85
12.05
12.87
1.18
1.54
77.4
2.86
16.19
7.34%
15.68
12.56
63.86
33.61
17
16.39
2.52
1.92
9.21
3.86
80.6
5.51
5.28
18.28%
64.75
65.3
26.63
24.98
31.05
27.92
67.89
58.32
1.12
1.27
80.9
3.13
3.13
2.13%
69.81
80.53
68.64
40.18
27.05
23.94
0.22
1.02
6.19
8.51
81.1
0.37
1.24
11.27%
103.22
102.18
93.88
71.81
25.23
19.15
23.08
16.68
8.75
10.93
83.3
1.46
1.17
8.69%
96.47
127.27
15.37
23.47
43.22
30.15
14.84
12.6
12.38
17.8
84
4.02
6.13
7.98%
62.22
65.69
35.79
2.36
39.3
30.06
17.93
10.91
8.63
10.51
84.5
9.78%
47.49
10.65
515.99
49.13
354.26
14.77
2.77
0.73
0
5.28
88.5
3.40%
32.32
32.33
72.33
49.59
16.19
14.64
15.56
15.76
10.06
6.18
88.9
0.63
1.28
3.27%
98.1
152.53
143.08
101.51
42.77
43.77
14.1
14.18
2.58
2.1
89.6
4.71
6.06
8.12%
92.97
84.79
39.28
53.96
28.07
29.22
3.55
2.69
21.14
18.15
91
2.6
1.96
2.88%
54.21
40.31
13.35
18.27
5.14
3.95
0.67
0.14
19.64
30.27
91.1
0.1
1.15
3.92%
31.45
14.55
100.31
54.87
2.34
0.42
37.7
16.84
8.61
2.47
91.2
8.75
5.8
7.67%
NA
77.96
15.34
11.82
NA
15.95
NA
15.95
NA
24.52
93.3
11.59
9.18
14.35%
41.22
31.82
77.18
45.77
36
29.51
11.94
17.17
6.68
5.72
94.3
18.32
15.31
11.50%
85.98
63.77
54.45
14.11
51.67
38.03
41.6
31.42
2.82
6.19
96.2
-4.36
-2.15
-7.57%
69.69
72.22
105.78
127.58
12.5
18.71
15.61
17.82
0.91
0.92
97.4
1.43
1.49
9.47%
90.12
99.77
102.97
98.78
29.28
29.73
30.02
35.51
5.74
7.3
97.9
1
1.02
2.60%
75.43
61.06
72.5
68.14
44.33
33.99
4.9
3.81
9.96
6.69
98.3 99.3
7.15
12.38
6.76%
38.46
26.01
86.99
47.3
25.56
20.69
0.56
0.36
15.99
16.68
17.31
8.81
3.15%
45.21
46.25
20.99
37.34
33.97
35.84
9.05
10.09
7.52
5.55
99.6
4.5
6.79
14.59%
83.64
65.39
74.06
47.02
37.94
46.37
69.84
63.8
0
0.29
99.8
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
ferrouS
5.78 0.73
METALS
1.84 0.22
eLecTroNIcS
-3.52 10.39
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
85
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2008
2009
97.02
117.53
88.72%
39
40.17
307.31
296.77
289.39
250.71
84.48%
44.35
45.98
1.84%
Steel castings
24.71
16.75
16.33
10.76
64.24%
4.78
4.66
13.79%
Stainless steel flat rolled products
24
Vardhman Industries Ltd.
Cold rolled coils, strips, sheets
25
Creative Castings Ltd.
2009
Fixed Asset Turnover Ratio (FATR)
132.48
Real Strips Ltd.
2008
Net Fixed Assets (Rs Crore)
111.91
23
2009
COGS/ 2009 Net Sales
2009 2.21%
26
Anil Special Steel Inds. Ltd.
Flat products
94.09
98.88
73.49
83.86
84.81%
36.82
36.8
2.30%
27
Vignyan Industries Ltd.
Castings & forgings
28.57
31.23
17.27
17.88
57.25%
3.25
4.46
12.84%
28
Karthik Alloys Ltd.
Ferro alloys
65.11
79.2
42.9
55.94
70.63%
14.91
19.14
3.69%
29
Haryana Foils Ltd.
Cold rolled coils, strips, sheets
55.56
69.89
56.31
67.73
96.91%
2.94
3.09
31.36% 3.69%
30
Facor Alloys Ltd.
Ferro alloys
231.94
260.24
140.24
178.37
68.54%
11.04
18.58
31
Oswal Industries Ltd.
Steel castings
51.14
62.94
38.12
32.51
51.65%
23.58
24.38
2.12%
32
Munjal Kiriu Inds. Pvt. Ltd.
Cast iron castings
14.33
38
14.07
38.51
101.34%
143.25
173.77
0.58%
33
Action Ispat & Power Pvt. Ltd.
Semi-finished Steel
216.23
241.42
177.7
197.78
81.92%
167.47
301.41
0.27%
34
Stelco Strips Ltd.
Cold rolled coils, strips, sheets
183.19
224.62
180.69
188.22
83.79%
33.49
33.52
2.50%
35
Krishna Ferro Products Ltd.
Castings
14.49
17.05
12
15.14
88.80%
2.32
5.5
16.15%
36
Investment & Precision Castings Ltd.
Castings
62.21
44.62
25.06
17.53
39.29%
18.35
16.44
2.39%
37
Vishal Malleables Ltd.
Castings
61.71
70.89
49.19
55.67
78.53%
18.21
17.8
4.41%
38
Pawanjay Sponge Iron Ltd.
Sponge iron
41.7
36.56
34.3
33.61
91.93%
19.32
23.43
3.92%
185.42
212.32
120.41
162.03
76.31%
114.01
113.04
0.68%
33.57
26.69
34.41
20.36
76.28%
1.32
1.06
71.97%
39
O C L Iron & Steel Ltd.
Semi-finished Steel
40
Singhal Strips Ltd.
Cold rolled coils, strips, sheets
41
Shivaani Alloy Steel Castings Ltd.
Steel castings
14.56
17.95
12.83
15.14
84.35%
1.58
8.69
9.71%
42
Tamboli Castings Ltd.
Castings
21.68
31.11
11.66
8.3
26.68%
9.09
13.08
2.04%
43
Anjaney Ferro Alloys Ltd.
Ferro alloys
113.33
150.73
80.99
136.68
90.68%
23.68
25.29
3.59%
44
I U P Jindal Metals & Alloys Ltd.
Cold rolled coils, strips, sheets
78.38
104.72
77.1
86.69
82.78%
67
63.63
1.30%
45
Simplex Castings Ltd.
Castings
149.83
174.98
102.45
122.31
69.90%
49.2
55.96
1.25%
46
Andhra Ferro Alloys Ltd.
Ferro chromium
125.02
109.5
101.52
113.85
103.97%
17.23
16.58
6.27%
47
Omax Steels Ltd.
Semi-finished Steel
17.21
62.3
19.07
54.95
88.20%
16.47
16.21
5.44%
48
Sova Ispat Alloys Ltd.
Ferro silico manganese
123.67
145.82
102.61
142.72
97.87%
6.92
21.29
4.60%
49
Mahindra Forgings Ltd.
Forgings
219.59
241.27
158.54
204.23
84.65%
290.11
239.05
0.35%
50
Gujarat Intrux Ltd.
Steel castings
30.85
22.59
23.34
14.38
63.66%
2.75
6.7
9.50% 7.08%
51
Kolhapur Steel Ltd.
Steel castings
23.39
31.91
17.23
17.14
53.71%
6.58
7.59
52
Indsil Hydro Power & Manganese Ltd.
Ferro silicon
52.71
88.63
32.43
54.62
61.63%
53.97
51.33
1.20%
53
Bhaskar Shrachi Alloys Ltd.
Ferro silico manganese
171.2
118.67
153.47
107.74
90.79%
16.53
23.74
3.82%
54
Logwell Forge Ltd.
Forgings
52.36
57.82
35.04
39.29
67.95%
33.48
39.24
1.73%
55
Utkal Steels Ltd.
Flat products
116.25
122.27
109.27
77.52
63.40%
8.1
11.57
5.48%
56
Omega Construction Equipment Pvt. Ltd.
Forgings
30.32
24.16
25.65
19.16
79.30%
7.21
9.82
8.08%
57
Lamina Foundries Ltd.
Cast iron castings
40.48
34.99
31.2
29.18
83.40%
7.12
8.21
10.16%
58
J V R Forgings Ltd.
Forgings
79.93
79.78
61.4
60.82
76.23%
14.27
23.54
3.24%
59
Hindusthan Udyog Ltd.
Steel castings
23.4
60.56
10.27
29.06
47.99%
6.41
17.24
2.78%
60
Sponge Iron India Ltd. [Merged]
Sponge iron
60.1
45.73
38.54
51.61
112.86%
19.26
18.3
6.17%
61
Garg Inox Ltd.
Stainless steel wires
171.16
171.62
150.43
152.31
88.75%
32.01
49.97
1.78%
62
Patnaik Steels & Alloys Ltd.
Sponge iron
32.14
94.34
42.82
54.01
57.25%
146.08
147.25
0.39%
63
Samrat Forgings Ltd.
Forgings
64
Nelcast Ltd.
Cast iron castings
36.58
44.37
28.47
31.77
71.60%
6.85
8.08
8.86%
363.39
293.84
234.54
204.36
69.55%
117.33
205.27
0.34% 2.64%
65
Rexon Strips Ltd.
Sponge iron
90.76
95.78
73.02
85.26
89.02%
37.65
33.74
66
Richardson & Cruddas (1972) Ltd.
Structures
63.17
79.55
15.45
14.21
17.86%
13.56
9.33
1.91%
67
Uni Deritend Ltd.
Castings
94.17
91.5
57.99
49.89
54.52%
19.93
21.72
2.51%
68
Shivalik Bimetal Controls Ltd.
Hot rolled coils, strips, sheets
73.45
70.91
43.63
45.3
63.88%
19.13
18.74
3.41%
69
Prakash Steelage Ltd.
Stainless steel flat rolled products
229.69
292.4
223.5
305.31
104.42%
37.02
59.75
1.75%
70
Goa Sponge & Power Ltd.
Sponge iron
130.66
165.01
91.45
125.34
75.96%
97.69
96.77
0.78% 0.54%
71
Gontermann-Peipers (India) Ltd.
Flat products
177.28
155.49
103.17
99.13
63.75%
116.65
118.11
72
Steel & Industrial Forgings Ltd.
Forgings
51.43
59.35
32.54
41.6
70.09%
3.8
8.5
8.25%
73
Super Forgings & Steels Ltd.
Forgings
70.33
73.94
64.1
65.06
87.99%
13.03
12.94
6.80%
74
V B C Industries Ltd.
Ferro silicon
32.87
43.14
34.19
32.69
75.78%
44.56
42.33
1.79%
75
Ferro Alloys Corpn. Ltd.
Ferro alloys
302.57
283.36
93.54
136.9
48.31%
74.38
74.41
0.65%
76
Indian Steel & Wire Products Ltd.
Castings
79.27
105.87
52.4
63.13
59.63%
88.69
86.31
0.69%
77
Cronimet Alloys India Ltd.
Ferro chromium
141.43
101.01
124.87
103.65
102.61%
25
22.73
4.51%
78
Bihar Sponge Iron Ltd.
Sponge iron
195.99
218.06
173.04
178.02
81.64%
123.48
116.18
0.70%
79
IPI Steel Ltd.
Bars & rods
37.95
51.4
35.68
39.01
75.89%
7.31
8.08
9.39%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
86
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
12.19
7.02
5.30%
59.16
60.25
29.9
37.55
19.34
15.67
24.2
21.74
5.9
8.14
100
17.04
11.68
3.94%
53.58
56.69
38.24
23.61
18.13
18.45
3.5
1.94
18.81
19.6
100.1
3.48
2.5
14.93%
NA
97.45
44.82
35.4
NA
57.91
NA
35.9
NA
13.08
103.1
7.4
8.54
8.64%
51.44
49.27
38.35
50.38
14.04
6.36
37.58
48.2
6.19
4.33
103.3
2.25
2.41
7.72%
9.1
10.97
49.89
24.17
36.2
38.09
60.6
53.62
2.53
2.18
103.9
13.67
14.85
18.75%
7.21
29.41
98.95
69.55
53.6
50.08
1.48
1.54
16.91
8.22
104.4
3.42%
72.7
64.81
51.98
44.66
19.13
18.55
29.47
30.16
8.96
10.41
104.6
16.72%
23.85
42.53
95.85
58.65
77.7
60.01
1.56
1.18
13.55
10.42
105.3
11.45
15.87
25.21%
94.12
109.65
151.79
55.64
27.42
35.18
32.47
38.49
13.12
13.96
106.8
-2.67
-6.85
-18.03%
NA
75.98
95.04
173.58
NA
27.31
NA
4.07
NA
1.4
108.3
29.59
30.48
12.63%
7.26
3.83
42.21
38.78
36.5
31.5
1.07
0.86
9.12
11.68
108.6
15.26
15.13
6.74%
35.3
38.99
35.38
24.46
24.26
26.1
68.29
73.88
2.6
2.19
108.7
1.96
2.82
16.54%
49.95
103.86
32.82
40.6
114.12
69.72
70.38
105.66
3.66
3.82
109.6
12.58
9.68
21.69%
92.46
105.75
23.6
28.3
53.75
85.44
24.38
48.43
6.3
9.59
109.8
3.84
3.64
5.13%
53.14
53.51
81.69
72.55
21.39
16.6
15.44
13.17
13.13
14.39
110.4
5.45
4.95
13.54%
40.57
45.4
31.62
23.15
108.11
121.93
0.26
0.06
2.2
12.83
110.5
29.55
23.14
10.90%
22.64
30.26
31.25
20.1
18.12
45.15
0.77
1.42
9.22
13.77
110.5
0.32
0.76
2.85%
24.36
61.8
84.52
183.12
2.53
4.99
51.03
42.01
4.66
7.06
110.6
1.22
1.77
9.86%
119.69
87.91
63.35
38.5
64.81
50.72
9.19
13.23
17.01
22.14
111.7
5.58
8.47
27.23%
93.64
65.16
37.31
19
38.83
40.27
43.13
21.89
39.9
37.37
112.3
26.1
5.51
3.66%
11.97
11.83
17.66
38.25
59.22
53.07
0.63
0.64
7.09
7.23
112.7
-14.15
-2.83
-2.70%
118.48
84.88
153.04
77.12
14.64
14.52
47.84
20.39
26.45
12.44
113.6
20.21
25.66
14.66%
79.24
78.21
86.48
67.5
64.86
56.2
37.41
40.79
3.91
4.71
116
5.94
4.99
4.56%
15.6
17.62
38.29
46.98
39.06
33.78
0.07
0.03
0.19
20.43
116.4
2.12
4.12
6.61%
48.68
113.23
53.19
178.01
90.83
39.86
7.16
4.72
40.2
13.11
117.1
13.55
-4.6
-3.15%
14.12
13
28.47
35.84
75.98
96.73
0.1
0.09
9.58
5.69
117.9
27.11
11.13
4.61%
42.11
40.54
82.96
75.6
34.46
23.76
19.22
14.26
1.7
6.73
118.2
5.72
4.06
17.97%
56.84
75.73
49.64
40.45
38.24
54.02
20.4
34.06
24.38
29.33
118.5 119.5
0.68
3.54
11.09%
85.01
74.95
265.34
63.52
172
163.75
43.55
41.42
8.23
5.34
11.75
25.31
28.56%
17.68
3.25
53.02
49.16
173.4
86.3
1.64
1.1
24.29
12.65
119.7
5.75
3.06
2.58%
51.83
49.29
28.02
43.43
51.39
65.28
12.66
17.22
1.37
2.18
119.9 120.3
5.6
6.82
11.80%
69.05
73.57
88.55
77.5
65.29
59.01
53.73
61.98
0
0.06
11.87
6.21
5.08%
64.28
86.53
113.86
159.56
19.81
29.03
13.13
14.29
36.08
33.55
121
2.66
2.8
11.59%
60.68
59.23
104.39
76.24
14.74
32.27
130.08
190.24
5.92
5.57
121.3
2.89
1.68
4.80%
27.26
25.15
95.18
76.7
27.27
27.9
80.61
92.49
2.4
2.91
122.8
4.94
7.05
8.84%
69.29
66.45
79.01
65.02
41.78
53.77
28.12
38.11
7.79
6.72
123.4
1.46
8.62
14.23%
108.65
70.85
96.66
77.15
115.14
64.86
60.81
48.4
0
6.7
124.1
11.3
0.06
0.13%
23.37
18.79
27.78
27.7
35.04
25.89
4.45
3.95
10.59
28.98
124.2
10.94
11.71
6.82%
64.34
72.53
54.37
57.45
16.39
23.21
27.19
37.91
11.48
13.3
124.5
6.65
17.84
18.91%
15.73
13.1
126.23
41.1
69.25
46.88
2.4
2.3
66.37
39.8
126.8
4.51
3.47
7.82%
42.05
45.52
96.69
62.16
62.05
58.81
89.64
87.63
4.3
4.87
127.8
53.92
34.21
11.64%
55.16
73.91
39.52
31.6
26.55
36.51
19.53
35.77
18.59
34.75
128.9
14.16
6.53
6.82%
6.47
5.18
30.25
13.06
34.08
36.88
1.13
1.38
52.89
53.71
129.3
1.28
-1.25
-1.57%
300.83
306.7
204.66
289.99
62.84
71.57
196.47
123.22
1.05
1.78
131.2
15.92
14.84
16.22%
95.97
103.56
67.84
52.26
81.92
101.9
59.92
55.33
9.52
13.35
131.6
10.11
9.08
12.80%
116.73
112.2
91.84
64.31
78.8
84.14
34.13
35.28
45.08
38.63
136.4
18.57
23.77
8.13%
85.3
93.2
109.34
72.13
49.7
39.7
8.29
10.54
24.3
41.56
137.7
22.41
22.51
13.64%
NA
19.14
131.45
66.94
NA
99.39
NA
0.63
NA
26.91
138.6
35.44
19.05
12.25%
67.42
90.92
90.96
66.32
68.99
88.9
23.67
21.95
21.41
23.87
140.2
9.07
9.61
16.19%
83.98
84.28
142.73
89.9
166.92
166.12
25.21
38.28
15.78
14.66
141.9
1.39
-0.42
-0.57%
150.49
153.11
136.05
125.83
63.71
54.79
27.41
27.51
20.13
27.54
145.9 146.9
-0.62
5.78
13.40%
16.26
7.74
191.17
193.85
290.05
263.57
2.94
3.14
9.03
9.03
89.45
58.58
20.67%
14.01
12.02
80.84
87.95
275.05
196.19
3.41
2.07
16.14
25.33
147.7
6.03
10.55
9.97%
48.08
51.17
178.7
203.96
192.2
188.13
29.03
26.55
14.39
8.07
147.9
11.73
-1.05
-1.04%
40.92
33.84
35.06
39.93
118.55
84.22
1.29
1.12
19.09
44.69
148.3
20.52
1.72
0.79%
10.36
9.49
81.36
86.14
44.61
37.35
0.52
0.41
46.3
50.77
148.5
1.02
2.08
4.05%
15.83
15.14
148.91
141.35
64.91
80.08
6.1
5.75
26.29
28.34
151.7
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
ferrouS
2.39 43.5
METALS
1.9 70.44
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
87
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
2008
2009
2009
335.75
292.77
303.73
274.26
93.68%
168.68
237.82
0.39%
Forgings
45.3
63.87
29.04
46.94
73.49%
29.4
33.9
2.17%
Hilton Metal Forging Ltd.
Forgings
88.71
82.93
67.74
66.96
80.74%
28.9
41.08
1.97%
India Steel Works Ltd.
Bars & rods
249.07
149.62
265.55
132.11
88.30%
200.1
188.49
0.47%
80
Remi Metals Gujarat Ltd.
Alloy steel
81
Raja Forgings & Gears Ltd.
82 83
2009
COGS/ 2009 Net Sales
84
Tayo Rolls Ltd.
Flat products
214.21
168.81
165.76
146.04
86.51%
54.8
141.9
0.61%
85
Handum Industries Ltd.
Bars & rods
229.37
191.12
230.5
185.62
97.12%
20.55
21.68
4.48%
86
Shree Ganesh Forgings Ltd.
Forgings
110.47
43.92
103.06
30.38
69.17%
52.56
59.95
1.15%
FooD & BeVerAGes 1
Venkateshwara Research & Breeding Farm Pvt. Ltd.
Chicken improved total
28.64
25.33
8.17
9.7
38.29%
6.19
5.83
6.57%
2
Goldline Milkfood Ltd.
Dairy products
37.62
59.93
33.54
54.68
91.24%
3
3.57
25.56%
3
Vidya Dairy
Milk
59.08
67.43
52.25
58.57
86.86%
5.26
6.15
14.12%
4
Arvind Kumar Nand Kumar Ltd.
Rice
9.88
30.84
9.63
27.89
90.43%
1.39
1.63
55.48% 19.87%
5
Devi Fisheries Ltd.
Shrimps
99.75
116.42
81.75
75.2
64.59%
3.01
3.25
6
G M Breweries Ltd.
Rectified spirit
185.64
209.46
66.12
92.17
44.00%
64.48
72.36
0.61%
7
Sethia Oils Ltd.
Rice bran oil
84.43
104.64
72.99
82
78.36%
9.86
9.15
8.56%
8
Kerala Alcoholic Products Ltd.
Indian made foreign liquors
9
Jubilant Foodworks Ltd.
Pizzas
10
Mount Everest Mineral Water Ltd.
Mineral water
11
Godrej Oil Palm Ltd.
Palm oil
12
Kerala Feeds Ltd.
13
Highland Produce Co. Ltd.
14
S D F Industries Ltd.
Ethyl alcohol (strength less than 80%)
11.8
12.51
15
Kedia Overseas Ltd.
Palm oil
211.23
252.86
16
Kohinoor Feeds & Fats Ltd.
Edible oils
93.04
65.15
87.01
12.31
27.12
5.04
12.93
47.68%
2.47
2.38
20.03%
209.98
278.88
103.06
137.74
49.39%
78.96
115.48
0.43%
26.7
27.21
17.87
16.4
60.27%
17.45
16.69
3.61%
57.37
74.09
39.19
57.03
76.97%
46.36
47.06
1.64%
Cattle feed
141.11
188.14
125.61
164.84
87.62%
16.61
16.61
5.27%
Tea
28.21
41.52
24.51
25.43
61.25%
14.82
15.35
3.99%
8.85
8.13
64.99%
3.76
3.27
19.87%
206.32
252.65
99.92%
16.22
16.84
5.93%
60.26
92.49%
5.25
4.69
19.72% 14.73%
17
Asian Lakto Inds. Ltd.
Milk
18
I F B Agro Inds. Ltd.
Rectified spirit
19
Sangrur Agro Ltd.
Vanaspati
12.33
17.67
11.2
15.49
87.66%
3.89
5.95
166.44
240.53
128.16
186.71
77.62%
53.82
72.25
1.07%
90.51
121.14
84.27
108.2
89.32%
2.5
2.85
31.34% 8.21%
20
Ajanta Soya Ltd.
Vanaspati
245.57
267.32
237.11
250.16
93.58%
11.79
11.4
21
Lords Distillery Ltd.
Indian made foreign liquors
208.96
67.65
174.73
21.77
32.18%
13.61
14.57
2.21%
22
Chaitanya Oils Ltd.
Colza oil
44.32
34.1
42.04
29.93
87.77%
1.89
1.7
51.63%
23
Lotus Chocolate Co. Ltd.
Chocolate confectionery
24
Morvi Vegetable Products Ltd.
Vanaspati
23.73
26.4
17.71
20.41
77.31%
3.94
3.15
24.54%
206.96
179.79
193.63
155.51
86.50%
4.15
3.62
23.89%
25
Godavari Edible Bran Oil Ltd.
Vegetable oils
82.58
89.07
81.33
77.51
87.02%
9.4
16.38
5.31%
26
Lilasons Industries Ltd.
Beer
34.93
40.77
11.34
15.43
37.85%
10.09
16.93
2.24% 8.69%
27
Priya Food Products Ltd.
Biscuits
57.37
55.93
37.96
37.91
67.78%
7.8
7.8
28
Pearl Beverages Ltd.
Soft drinks
69.78
93.32
38.8
57.72
61.85%
60.19
65.89
0.94%
29
Patliputra Industries Ltd.
Vanaspati
10.66
18.15
9.54
17.22
94.88%
3.54
3.08
30.80%
85.77
94.07
21.33
25.52
27.13%
19.06
24.15
1.12%
58.9
94.76
26.97
55.67
58.75%
15.56
17.5
3.36%
30
Mount Shivalik Inds. Ltd.
Beer
31
Indo Nissin Foods Ltd.
Noodles
32
Ankit India Ltd.
Maida
145.34
185.94
133.09
182.71
98.26%
38.13
64.02
1.53%
33
C C L Products (India) Ltd.
Coffee
255.86
263.2
171.44
166.95
63.43%
252.22
260.83
0.24% 60.88%
34
Synco Industries Ltd.
Edible oils
35.09
20.13
30.48
18.75
93.14%
1.53
1.53
35
Tasty Bite Eatables Ltd.
Semi processed snacks & foods (Ready-to-eat)
36.87
47.41
26.64
30.2
63.70%
11.21
13.65
4.67%
36
Shri Gang Inds. & Allied Products Ltd.
Vanaspati
146.7
181.89
140.42
176.38
96.97%
5.68
4.88
19.87%
37
Rossell Tea Ltd.
Tea
55.16
58.64
21.52
21.02
35.85%
109.48
111.07
0.32%
38
Raghuvar (India) Ltd.
Vanaspati
167.46
162.56
161.34
155.56
95.69%
4.09
7.96
12.02%
39
Nutrine Confectionery Co. Ltd.
Chocolate & sugar confectionery
141.39
163.3
69.12
82.37
50.44%
20.95
18.44
2.74%
40
Tikaula Sugar Mills Ltd.
Sugar
82.21
84.18
105.66
100.75
119.68%
68.63
62.84
1.90%
41
Metro Dairy Ltd.
Milk
180.01
202.86
160.34
173.63
85.59%
31.53
27.61
3.10%
42
Hind Filters Ltd.
Cigarette filter rods
41.3
43.46
31.38
34.33
78.99%
3.38
5.12
15.43% 0.63%
43
Empee Distilleries Ltd.
Indian made foreign liquors
167.01
200.62
109.69
148.26
73.90%
77.53
116.7
44
India Sugars & Refineries Ltd.
Sugar
27.62
51.22
62.93
17.34
33.85%
20.92
20.06
1.69%
45
Gem Sugars Ltd.
Sugar
92.82
145.01
107.26
71.87
49.56%
127.34
143.37
0.35%
46
Santosh Starch Ltd.
Starches
71.19
83.95
55.61
63.83
76.03%
28.09
26.82
2.83%
47
Ravikumar Distilleries Ltd.
Indian made foreign liquors
37.62
42.57
19.71
23.6
55.44%
14.3
14.25
3.89%
48
Gayatri Bioorganics Ltd.
Starches
41.22
47.62
38.39
43.88
92.15%
31.77
30.91
2.98%
49
Sita Shree Food Products Ltd.
Wheat flour
95.08
103.38
90.23
111.46
107.82%
7.53
9.43
11.43%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
88
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies
2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
Finished Goods Holding Period (days)
2009
2008
Composite Score
2009
-0.51
-22.01
-7.52%
62.33
67.09
102.68
117.19
40.86
47.3
35.53
46.65
7.74
10.18
159.9
9.59
9.42
14.75%
110.1
96.45
171.79
109.24
153.2
125.87
260.34
160.23
33.34
21.74
160.5 163.9
9.03
10.41
12.55%
38.9
32.69
82.05
75.48
128.81
164.09
30.06
37.41
10.78
19.44
23.58
-30.21
-20.19%
41.43
56.18
95.15
157.17
35
99.78
22.72
30.52
7.74
10.4
169
17.62
-6.27
-3.71%
59.68
62.59
86.04
83.7
43.15
67.47
35.91
35.98
14.14
20.33
170.9
-17.8
-3.63
-1.90%
114.66
105.15
355.08
275.73
6.83
246.38
5333.25
2027.03
11.81
14.32
181.4
0.73
-0.13
-0.30%
87.36
128.45
110.5
149.95
140.3
197.43
228.05
376.92
37.66
103.41
186
10.58
8.45
33.36%
NA
98.81
21.73
13.45
NA
6.5
NA
3.64
NA
13.87
79.2
1.98
2.19
3.65%
8.51
5.69
9.11
8.71
2.28
1.68
0.16
0.03
2.9
0.71
84.7
2.25
2.05
3.04%
1.92
1.76
19.45
11.78
5.51
5.1
0.78
0.64
6.77
5.49
111.4
0.86
0.83
2.69%
25.19
13.18
2.69
3.56
23.44
16.5
0.78
0.75
20.05
7.4
112.9
4.4
5.45
4.68%
14.15
13.08
3.14
11.09
0.3
0.34
0.68
0.42
65.31
47.93
118.6
27.24
18.89
9.02%
0.29
0.06
12.9
10.85
12.19
10.68
2.81
2.65
0.2
0.32
120.7
6.03
9.13
8.73%
13.99
12.81
1.43
1.49
20.58
14.53
1.93
2.66
10.51
10.01
125
0.92
0.2
0.74%
NA
49.66
65.51
45.15
NA
31.06
NA
3.43
NA
0.82
125.1
26.43
34.4
12.34%
1.69
1.41
51.17
47.18
20.76
20.43
0.22
0.28
0.2
0.23
126
-3.85
-31.66
-116.35%
160.64
164.52
33.74
15.56
30.36
35.05
1.23
0.51
11.03
10.54
126 126.2
17.20%
38.52
55.08
12.93
11.1
1.51
1.95
21.37
29.43
1.83
2.18
3.34
1.78%
9.68
10.45
40.3
27.38
29.86
24.69
0.1
0.1
3.17
1.31
127.5
3
4.02
9.68%
17.11
17.59
33.04
15.64
15.1
20.62
0
0.45
30.92
24.79
129.6
-0.41
1.06
8.47%
57.92
65.17
120.49
124.34
13.25
19.61
1.09
0.76
7.63
16.22
133
2.08
-4.32
-1.71%
24.8
24.87
53.76
56.81
20.04
14.48
0.58
0.44
4.28
4.25
133
2.88
2.45
3.76%
29.19
44.67
2.32
6.42
29.5
33.41
2.49
1.76
5.12
8.61
135.6
0.79
1.7
9.62%
22.94
26.03
101.53
88.17
17.09
31.6
0.65
0.83
0.47
0.77
136
18.05
28.44
11.82%
12.02
9.21
25.88
30.41
32.13
22.88
0.78
0.86
10.65
7.27
141.6
1.58
2.15
1.77%
8.06
5
12.64
6.95
11.41
14.47
7.13
4.77
4.34
4.27
143.3
2.74
1.94
0.73%
16.18
14.45
17.73
29.27
7.73
12.08
5.11
4.46
2.71
3.17
143.3
3.08
3.36
4.97%
6.13
11.72
9.66
18.32
25.77
21.35
8.13
6.27
1.28
1.67
145.2
1.14
0.69
2.02%
36.75
46.43
11.43
16.59
21.19
34.98
0.65
0.76
19.98
24
149.2
2.07
2.19
8.30%
45.75
42
38.21
24.26
42.33
35.86
2.44
3.5
10.13
12.06
151.4
4.25
-0.33
-0.18%
9.13
8.22
34.28
19.85
15.07
16.11
3.97
2.51
14.74
13.57
152.9
2.53
0.26
0.29%
15.87
19.51
49.14
26.27
7.92
8.59
2.98
3.66
21.19
16.46
153.1
0.93
0.54
1.32%
56.52
49.69
29.05
36.51
30.81
27.45
8.78
8.91
0.14
1.24
154.2 154.6
2.01
-0.6
-1.07%
31.06
26.2
30.52
33.8
36.07
50.62
0.52
1.13
3.69
4.48
11.72
15.45
16.56%
21.62
21.16
143.67
148.58
32.15
32.51
0.77
0.53
4.43
4.75
155.1
0.49
0.9
4.96%
33.73
15.83
86.24
42.3
14.91
12.67
12.53
6.27
6.6
8.25
158.1
9.87
5.59
5.94%
29.49
35.5
40.98
49.8
33.81
30.29
5.71
5.61
4.44
4.15
158.5
7.88
1.35
1.42%
33.65
21.68
65.8
52.32
16.82
18.16
1.68
1.92
18.16
17.39
159.1
10.12
8.18
4.40%
10.76
8.47
22.04
16.72
45.16
29.61
0
1.03
3.4
6.84
160.4
55.17
52.67
20.01%
56.6
56.87
43.78
21.99
61.83
48.02
0.54
1
22.57
28.86
163.2
1.85
0.94
4.67%
12.64
29.27
39.19
17.22
22.17
34.02
2.75
3.78
6.61
13.88
164.7
2.83
4.11
8.67%
81.44
66.68
72.38
71.9
56.31
52.71
3.41
4.83
2.09
2.49
166.9
-5.6
-6.97
-3.83%
4.97
7.08
18.37
21.27
6.22
9.24
6.29
5.88
9.71
9.19
167.9
15.26
14.77
25.19%
5.41
4.41
71.55
57.32
95.3
76.11
0
0.07
7.92
5.51
170.3
3.71
2.63
1.62%
10.89
12.28
40.14
19.56
19.36
14.02
5.67
4.66
8.93
16.75
170.6
9.86
-1.87
-1.15%
34.21
24.74
36.22
32.44
17.3
33.09
0.9
1.37
14.9
19.72
170.6
9.69
19.21
22.82%
7.68
4.07
60.61
20.87
1.83
3.05
0.08
0.42
216.5
319.8
171.7
7.01
14.23
7.01%
0.03
0.05
15.53
21.95
48.75
45.23
1.69
1.68
2.54
2.23
171.9
7.25
6.52
15.00%
19.74
27.71
67.22
37.35
112.64
128.49
1.22
1.14
10.43
13.93
172
27.27
25.68
12.80%
8.46
11.05
16.74
21.12
44.67
48.43
7.76
4.25
1.1
1.07
172.6
-6.22
5.58
10.89%
75.07
62.97
174.92
181.54
7.37
20.16
0.59
1.16
195.72
168.13
175
24.38
29.19
20.13%
56.31
50.16
277.34
202.69
11.99
15.47
0.93
0.38
326.54
225.8
175.5
8.96
6.46
7.70%
31.43
25.91
33.21
12.75
61.57
49.67
5.52
4.83
10.4
7.36
175.7
4.29
5.97
14.02%
94.96
80.5
37.17
38.04
94.05
120.41
7.02
6.65
6.97
7.17
176.3
0.86
0.01
0.02%
35.53
46.51
40.29
54.13
18.84
25.98
4.17
4.4
8.23
9.16
176.4
3.84
3.39
3.28%
50.55
55.21
67.03
9.25
25.87
22.21
12.03
11.21
5.5
16.61
176.7
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
fooD
12.74
& BEVERAGES
18.16 -1.05
ferrouS
PBDITA (Rs Crore)
METALS
Working Capital CyCle
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
89
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
50
Ramdev Food Products Ltd.
Other spices
80.07
99.09
51.54
66.8
67.41%
14.93
15.11
2009 4.46%
51
Pioneer Agro Extracts Ltd.
Vanaspati
58.77
101.15
53.79
97.23
96.12%
6.6
7.07
13.60%
52
Sudha Agro Oil & Chemical Inds. Ltd.
Rice bran oil
155.83
146.21
131.89
117.26
80.20%
37.06
34.48
2.33%
53
Trident Sugars Ltd.
Sugar
46.24
78.43
51.03
32.66
41.64%
39.44
38.32
1.09%
54
Camson Bio Technologies Ltd.
Agriseed
41.89
49.33
19.57
18.18
36.85%
13.07
22.65
1.63%
55
Millennium Beer Inds. Ltd.
Beer
184.15
229.44
50.95
60.04
26.17%
85.4
98.36
0.27%
56
Bacardi-Martini India Ltd.
Indian made foreign liquors
57
Ponni Sugars (Erode) Ltd.
Sugar
58
Dwarkadhish Sakhar Karkhana Ltd.
Sugar
65.89
54.29
59
Raj Agro Mills Ltd.
Vanaspati
115.72
127.69
76.15
98.03
19.23
38.03
38.79%
11.16
12.39
3.13%
144.06
133.23
119.67
117.23
87.99%
47.76
47.85
1.84%
36.29
59.71
109.98%
32.71
37.47
2.94%
109.24
119.23
93.37%
7.68
15.95
5.85% 0.62%
60
Devans Modern Breweries Ltd.
Beer
111.46
140.17
37.65
52.02
37.11%
57.11
59.46
61
Milk Specialities Ltd.
Milk powder
80.57
64.95
76.79
63.73
98.12%
10.88
10.99
8.93%
62
M T R Foods Pvt. Ltd.
Instant & semi-processed foods (Packaged Foods)
185.57
212.7
105.85
126.28
59.37%
107.02
141.22
0.42%
63
Capital Foods Ltd.
Sauces & ketchup
50.29
62.15
27.43
28.4
45.70%
22.33
27.18
1.68%
64
Himalya International Ltd.
Mushroom
46.76
62.39
13.34
30.69
49.19%
51.29
74.22
0.66%
65
A D F Foods Ltd.
Semi processed snacks & foods (Ready-to-eat)
88.71
97.54
34.58
36.59
37.51%
43.05
43.55
0.86%
66
Naraingarh Sugar Mills Ltd.
Sugar
67.96
81.94
74.18
48.15
58.76%
43.93
42.88
1.37%
67
Sayaji Industries Ltd.
Starches
217.39
246.62
162.24
182.58
74.03%
58.48
64.37
1.15%
68
Unique Sugars Ltd.
Other sweetening agents
62.57
61.91
51.05
47.56
76.82%
19.51
20.2
3.80% 0.92%
69
Sukhjit Starch & Chemicals Ltd.
Starches
180.11
203.14
141.76
167.91
82.66%
79.82
89.62
70
Godrej Hershey Ltd.
Cotton seed oil
195.8
264.13
172.87
195.48
74.01%
57.52
63.49
1.17%
71
Empee Sugars & Chemicals Ltd.
Sugar
57.58
46.21
55.7
43.11
93.29%
44.91
76.15
1.23%
72
J K Sugar Ltd.
Sugar
103.51
124.44
141.04
18.17
14.60%
83.43
79.13
0.18%
73
Milkfood Ltd.
Ghee
323.06
234.25
289.69
217.17
92.71%
85.25
87.14
1.06%
74
Kothari Fermentation & Biochem Ltd.
Yeasts
75
Umang Dairies Ltd.
Dairy products
76
Natural Sugar & Allied Inds. Ltd.
Sugar
77
Vegetable Products Ltd.
Vanaspati
78
Khemani Distilleries Pvt. Ltd.
79
Universal Starch-Chem Allied Ltd.
80
10
23.27
8.54
17.55
75.42%
11.99
13.93
5.41%
37.25
33.13
38.79
28.95
87.38%
14.59
16.19
5.40%
249.32
259.01
178.03
226.47
87.44%
63.21
68.28
1.28%
40.67
27.52
40.73
22.61
82.16%
8.63
8.22
9.99%
Indian made foreign liquors
93.72
131.82
31.19
56.07
42.54%
21.69
23.64
1.80%
Starches
82.01
78.81
67.83
62.87
79.77%
35.55
36.8
2.17%
Innovative Foods Ltd.
Shrimps
21.91
26.74
14.78
16.62
62.15%
11.75
10.84
5.73%
188.81
202.76
154.52
168.09
82.90%
117.01
147.69
0.56%
51.75
67.6
32.26
43.17
63.86%
51.73
50.87
1.26%
115.46
123.11
66.82
71.84
58.35%
38.51
39.06
1.49% 0.39%
81
Sri Sarvaraya Sugars Ltd.
Sugar
82
Brindavan Agro Inds. Pvt. Ltd.
Mineral waters
83
Keventer Agro Ltd.
Fruit juice
84
Piccadily Agro Inds. Ltd.
Sugar
117.02
139.19
91.96
48.41
34.78%
71.16
89.42
85
Lotte India Corpn. Ltd.
Chocolate & sugar confectionery
153.25
170.15
98.88
110.4
64.88%
62.26
58.54
1.11%
86
Tilaknagar Industries Ltd.
Indian made foreign liquors
140.98
226.55
38.51
81.77
36.09%
122.36
165.62
0.22%
87
Mihijam Vanaspati Ltd.
Vanaspati
88
Indian Extractions Ltd.
Oil cakes & meals
67.9
67.03
61.04
60.37
90.06%
2.69
2.54
35.46%
61.37
69.96
59.73
57.52
82.22%
18.14
21.93
89
Gobind Sugar Mills Ltd.
3.75%
Sugar
157.22
108.19
173.61
113.98
105.35%
52.49
48.69
90
2.16%
Gayatri Sugars Ltd.
Sugar
62.27
73.35
73.43
29.27
39.90%
81.43
84.25
0.47%
91
Blossom Industries Ltd.
Beer
92
Dwarikesh Sugar Inds. Ltd.
Sugar
76.15
92.12
15.93
27.72
30.09%
50.16
97.63
0.31%
227.42
272.23
312.85
325.27
119.48%
562.05
586.55
0.20% 4.56%
93
Candico (I) Ltd.
Chocolate & sugar confectionery
57.69
50.39
31.04
44.64
88.59%
21.22
19.44
94
Sri Chamundeswari Sugars Ltd.
Sugar
152.48
192.65
112.79
90.96
47.22%
315.14
306.07
0.15%
95
Oswal Overseas Ltd.
Sugar
73.96
57.09
50.21
44.51
77.96%
39.95
37.67
2.07%
96
Haryana Suraj Maltings Ltd.
Malt
12.42
19.2
11.36
18.06
94.06%
8.01
9.65
9.75%
97
Natural Vanaspati Ltd.
Vegetable oils
22.54
14.78
13.22
18.5
125.17%
7.45
6.67
18.77%
98
Madhusudan Industries Ltd.
Vanaspati
9.67
13.26
9.82
11.96
90.20%
0.62
2.08
43.36%
99
Indian Wood Products Co. Ltd.
Products of food, beverages & tobacco
30.6
35.41
17.05
24.66
69.64%
2.65
4.87
14.30%
100
Ravalgaon Sugar Farm Ltd.
Sugar
67.39
91.67
55.4
7.7
8.40%
19.06
22.21
0.38%
101
Kothari Sugars & Chemicals Ltd.
Sugar
260.89
266.65
218.23
236.42
88.66%
202.16
208.36
0.43%
102
Prudential Sugar Corpn. Ltd.
Sugar
71.94
50.84
53.72
63.66
125.22%
36.81
34.13
3.67%
103
Shree Gopal Vanaspati Ltd.
Vegetable oils
32.63
34.91
30.35
32.13
92.04%
2.32
1.99
46.25%
104
Srinivasa Hatcheries Ltd.
Poultry
87.14
84.7
71.5
70.59
83.34%
36.91
43.15
1.93%
105
United Provinces Sugar Co. Ltd.
Sugar
81.36
90.13
104.7
61.41
68.13%
91.46
87.87
0.78%
106
Technico Agri Sciences Ltd.
Agriseed
31.04
28.19
7.04
11.41
40.48%
11.48
11.02
3.67%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
90
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
11.01%
17.58
17.96
32.65
36.23
25.02
24.16
15.95
12.93
9.69
10.63
1.74
-0.65
-0.64%
16.52
7.66
37.08
30.73
7.02
6.74
13.44
6.21
15.85
13
176.8 177.4
18.75
14.06
9.62%
24.34
29.19
24.05
25.92
27.78
34.35
4.96
6.04
11.06
13.03
182.8
-8.55
12.75
16.26%
13.46
2.76
190.48
36.45
15.18
18.32
4.74
2.6
166.09
103.32
184
8.8
9.57
19.40%
29.13
45.84
20.46
29.09
13.25
16.99
132.76
194.61
34.81
40.73
185
12.79
3.66
1.60%
72.62
48.14
80.67
112.41
25.69
20.71
20.98
15.98
3.11
1.95
185.1
-9.64
-27.94
-28.50%
70.46
92.16
85.18
78.64
204.09
115.37
2.53
1.89
5.65
12.35
187.1
-0.56
23.33
17.51%
9.14
10.97
63.44
72.82
7.5
9.3
1.97
2.58
91.48
116.6
187.3
6.77
7.78
14.33%
NA
27.1
171.89
111.35
NA
17.16
NA
0.07
NA
210.05
187.4
4.51
-3.33
-2.61%
29.43
25.85
62.39
43.48
34.52
32.58
3.43
4.73
6.85
8.21
188.6
13.74
13.79
9.84%
39.1
42.99
50.06
49.81
33.15
35.86
21.09
19.54
3.51
6.85
190.8
4.38
4.56
7.02%
35.43
38.65
11.13
11.04
9.64
13.25
3.89
8.39
88.12
138.98
191.6
31.08
22.59
10.62%
13.74
13.58
50.24
45.68
48.37
37.62
4.05
5.13
8.07
8.15
192.1
1.73
6.8
10.94%
37.58
41.05
64.42
70
82.84
96.46
0.94
1.7
12.46
18.62
192.6 193.6
12.75
19.09
30.60%
78.57
77.19
18.45
20.11
41.36
24.96
37.77
29.62
57.77
74.64
16.66
18.92
19.40%
27.25
28.78
30.68
45.81
42.05
48.33
31.51
38.09
3.49
3.4
194.1
9
15.63
19.07%
24.1
9.51
96.61
113.43
7.7
9.23
5.94
2.07
313.06
281.85
195.6
10.68
10.6
4.30%
30.6
28.6
56.86
47.86
35.64
26.66
5.97
7.35
13.38
12.54
195.8
4.93
0.13
0.21%
45.3
43.23
53.19
37.58
68.17
49.85
5.12
5.84
10.69
11.34
197.5
30.38
24.55
12.09%
36.94
34.37
41.92
31.07
84.06
79.97
5.9
6.19
6.73
7.11
198.7
-8.32
0.99
0.37%
51.37
39.64
116.7
54.76
38.99
31
1.45
4.53
21.85
17.26
199.3
6.12
9.21
19.93%
21.75
18.3
65.83
122.59
12.86
12.83
2.42
1.76
57.24
183.74
199.4
9.37
12.56
10.09%
15.08
9.12
83.72
41.11
6.59
12.99
3.7
4.14
254.22
208.42
199.6
13.87
4.48
1.91%
11.85
10.62
52.95
70.55
5.08
6.53
3.49
2.99
28
42.93
200.7
0.92
2.18
9.37%
152.72
39.53
72.11
35.11
72.58
40.56
19.74
12.16
29.33
14.84
201.2
0.54
-1.08
-3.26%
10.48
12.26
119.61
173.77
10.74
13.83
1.32
2.06
20.38
29.94
201.3
36.31
52.9
20.42%
10.42
8.32
98.43
47.29
19.98
28
2.03
1.57
111.7
132.01
201.5
0.73
0.35
1.27%
0.31
0.79
41.38
52.01
1.93
4.69
1.53
9.39
15.36
18.37
202
19.16
23.96
18.18%
8.05
4.62
36.52
48.69
73.27
62.8
7.37
3.94
16.95
14.51
202.4
4.94
1.99
2.53%
45.42
37.21
56.6
52.44
79.77
47.13
5.16
5.59
11.27
11.71
204.2
-3.06
-1.5
-5.61%
51.07
49.74
55.33
60.19
15.39
12.29
31.34
33.47
33.7
36.22
204.8
28.36
36.37
17.94%
14.04
14.08
71.62
88.86
34.31
36.13
0.14
0.37
35.81
65.62
205.3
13.23
12.76
18.88%
3.56
3.04
135.4
109.51
55.71
65.3
1.43
1.58
9.17
12.9
206.8
7.63
14.26
11.58%
40.12
35.52
49.51
32.34
42.8
48.95
12.93
15.07
7.88
16.4
208
8.47
18.87
13.56%
7.89
4.51
213.44
88.35
4.58
9.35
4.48
5.1
164.89
112.27
208.6 208.8
0.26
5.94
3.49%
9.66
9.79
53
124.87
28.55
27.58
2.1
1.69
29.96
25.57
32.19
46.24
20.41%
58.9
54.56
90.82
77.51
60.08
75.19
2.29
6.46
8.29
14.24
209.2
0.88
1.35
2.01%
76.13
102.31
113.43
174.46
33.34
74.77
5.69
6.71
4.22
4.31
209.2
1.04
0.19
0.27%
18.46
17.5
18.42
11.77
30.14
29.65
7.27
7.82
32.73
26.48
209.5
-5.89
4.79
4.43%
2.62
4.73
70.48
53.45
6.81
11.32
1.02
1.34
136.55
243.64
209.7
0.82
4.61
6.28%
27.76
22.9
95.34
67.28
11.99
18.77
2.76
3.98
206.11
202.2
210.4
14.14
14.4
15.63%
13.88
21.48
69.88
111.36
35.01
40.22
5.16
7.49
6.13
10
210.4
22.98
53.7
19.73%
1.2
2.05
145.3
76.41
18.27
17.23
0.09
0.07
97.71
169.73
212.2
2.44
-4.44
-8.81%
33.48
33.65
44.98
55.63
47.68
36.99
3.13
2.69
39.11
36.14
214.2
15.81
40.97
21.27%
21.21
26.07
225.94
87.83
23.1
31.27
4.62
6.41
56.02
30.61
214.4
4.33
5.16
9.04%
6.63
11.08
118.27
46.93
18.96
23.25
6.8
4.94
72.42
85.85
215.1
0.74
1.38
7.19%
11.27
22.99
100.38
102.37
99.67
44.76
10.94
19.08
0.65
1.65
215.6 217.5
-0.41
0.03
0.20%
54.86
61.04
320.86
387.26
73.69
26.28
18.62
4.48
37.18
35.8
0.53
-0.77
-5.81%
123.42
79.64
54.54
19.54
1642.5
158.17
0
20.01
12.63
11.33
217.9
2.23
2.17
6.13%
141.44
124.03
105.16
94.6
30.36
37.16
37.3
42.38
34.92
20.62
219.2
2.48
13.98
15.25%
9.14
9.1
88.33
41.37
20.85
46.04
3.78
3.08
225.84
142.02
219.7
27.1
22.84
8.57%
9.32
10.37
140.35
104.3
11.58
13.04
3.46
3.97
45.5
67.64
221.7
-10.32
6.13
12.06%
48.2
56.77
119.12
134.22
31.81
39.83
4.14
2.76
56.37
98.24
222.7
1.17
0.86
2.46%
NA
17.33
40.57
24.12
NA
66.6
NA
6.41
NA
24.74
224.6 226.5
8.77
4.11
4.85%
2.93
2.93
45.61
53.47
5.76
8.52
18.08
15.53
36.75
41.23
9.6
12.23
13.57%
1.14
1.03
99.76
48.49
17.36
22.99
3.37
3.36
246.6
260.43
227
11.75
3.26
11.56%
17.46
13.28
90.4
129.46
70.97
59.31
2.72
0.55
375.79
408.49
228.1
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
fooD
10.91
& BEVERAGES
8.21
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
91
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2008
2009
162.87
183.23
64.29%
35.49
36.11
1.78%
Sugar
160
127.03
106.4
112.71
88.73%
473.48
521.68
0.17%
Kesar Enterprises Ltd.
Sugar
204.57
225.12
251.11
174.4
77.47%
77.32
84.35
0.92%
S S D Oil Mills Co. Ltd.
Edible oils
297.21
293.02
288.17
261.85
89.36%
25.25
22.6
3.95%
111
Venus Sugar Ltd.
Sugar
52.19
32.71
75.9
29.85
91.26%
46.43
42.87
2.13%
112
Flex Foods Ltd.
Mushroom
41.97
46.78
16.42
20.23
43.24%
42.86
41.79
1.03%
Indian made foreign liquors
108
G M R Industries Ltd.
109 110
113
Empire Spices & Foods Ltd.
Spices & Condiments
114
Rajasthan State Ganganagar Sugar Mills Ltd.
Sugar
115
Khoday India Ltd.
Indian made foreign liquors
116
K C P Sugar & Inds. Corpn. Ltd.
Sugar
117
Tamil Nadu Sugar Corpn. Ltd.
Sugar
118
State Farms Corpn. Of India Ltd.
Foodgrain
2009
Fixed Asset Turnover Ratio (FATR)
285
Mohan Meakin Ltd.
2008
Net Fixed Assets (Rs Crore)
271.36
107
2009
COGS/ 2009 Net Sales
2009
24.05
32.55
14.46
23.16
71.15%
5.94
6.48
10.98%
235.73
267.96
169.82
202.4
75.53%
10.79
10.76
7.02%
117.78
110.05
46.8
56.86
51.67%
62.11
56.8
0.91%
226.31
182.78
164.3
128.16
70.12%
147.58
139.6
0.50%
51.06
97.48
107.38
50.37
51.67%
5.76
5.72
9.03%
106.49
164.14
88.06
152.73
93.05%
28.22
32.82
2.84%
119
Cosmos Industries Ltd.
Sugar
63.69
39.94
42.18
36.17
90.56%
26.74
32.99
2.75%
120
Winsome Breweries Ltd.
Beer
32.34
15.83
11.11
4.37
27.61%
7.73
7.5
3.68%
121
Shrijee Heavy Projects Works Ltd.
Sugar
14.17
13.37
10.04
13.75
102.84%
9.95
12.54
8.20%
122
Brihan Maharashtra Sugar Syndicate Ltd.
Ethyl alcohol (strength less than 80%)
113.45
55.15
40.62
32.31
58.59%
23.53
23.08
2.54%
123
Avanti Feeds Ltd.
Other animal feed
106.11
73.14
82.61
53.45
73.08%
33.57
30.05
2.43%
124
Siruguppa Sugars & Chemicals Ltd.
Sugar
20.05
42.3
29.38
10.91
25.79%
18
34.76
0.74%
125
Andrew Yule & Co. Ltd.
Tea
174.71
194.86
131.46
128.28
65.83%
171.78
175.64
0.37%
126
Dharani Sugars & Chemicals Ltd.
Sugar
199.44
216.92
194.25
281
129.54%
115.42
266.44
0.49%
127
Rungamattee Tea & Inds. Ltd.
Tea
29.03
32.66
7.18
9.74
29.82%
7.56
7.52
3.97%
128
Som Distilleries & Breweries Ltd.
Beer
50.7
66.73
22.26
13.38
20.05%
31.18
43.54
0.46%
129
Asia Pacific Commodities Ltd.
Vegetable oils
169.78
112.54
158.28
85.28
75.78%
21.93
24.17
3.14%
130
Perambalur Sugar Mills Ltd.
Sugar
38.68
82.49
75.01
46.47
56.33%
4.58
6.32
8.91% 3.00%
131
Rasoi Ltd.
Vanaspati
156.28
160.81
138.86
153.18
95.26%
33.62
31.76
132
Vishnu Sugar Mills Ltd.
Sugar
65.47
58.05
45.02
29.54
50.89%
37.42
37.22
1.37%
133
Riga Sugar Co. Ltd.
Sugar
83.17
71.71
94.57
50.21
70.02%
81.15
82.57
0.85%
134
Tirupati Sugars Ltd.
Sugar
21.82
10.46
12.27
42.04
401.91%
21.53
18.99
21.16%
135
Khaitan (India) Ltd.
Sugar
53.53
20.33
38.95
5.91
29.07%
67.47
66.4
0.44%
136
Advanta India Ltd.
Hybrid seeds
130.04
173.3
115.81
42.18
24.34%
84.79
78.13
0.31%
137
Wahid Sandhar Sugars Ltd.
Sugar
87.76
101.07
79.54
76.84
76.03%
63.6
106.49
0.71%
138
Harinagar Sugar Mills Ltd.
Sugar
149.57
211.88
181.76
82.93
39.14%
144.54
139.42
0.28%
139
Golden Tobacco Ltd.
Cigarettes
160.35
91.94
76.12
68
73.96%
74.31
71.08
1.04%
140
Waterbase Ltd.
Animal and bird feeds
39.3
33.64
26.24
15.52
46.14%
37.58
20.15
2.29%
141
Shakumbari Sugar & Allied Inds. Ltd.
Sugar
42.1
72.59
78.46
45.82
63.12%
66.67
154.91
0.41%
142
Vallabhdas Kanji Ltd.
Spices & Condiments
168.44
208.84
141.54
153.28
73.40%
45.14
54.51
1.35%
143
Duncans Industries Ltd.
Tea
102.92
137.7
68.55
87.98
63.89%
383.15
366.31
0.17%
144
Piccadily Sugar & Allied Inds. Ltd.
Liquors
64.19
33.65
23.86
1.5
4.46%
32.84
36.17
0.12%
145
Dharampal Premchand Ltd.
Chewing tobacco, jarda, scented tobacco
100.09
130.99
74.72
76.23
58.20%
225.19
260.4
0.22%
146
Jeypore Sugar Co. Ltd.
Sugar
193.41
178.29
202.56
125.68
70.49%
268.74
324.11
0.22%
147
Agro Dutch Inds. Ltd.
Mushroom
207.47
142.62
111.84
141.65
99.32%
368.47
414.43
0.24%
377.83
211.63
338.55
172.64
81.58%
7.71
6.23
13.09%
59.77
63.09
55.99
57.95
91.85%
1.6
1.71
53.72% 5.89%
GeMs & JeWellerY 1
Inter Gold (India) Pvt. Ltd.
Pearls & Precious Stones
2
Golkunda Diamonds & Jewellery Ltd.
Diamonds
3
K P Sanghvi Intl. Ltd.
Jewellery
18.39
60.73
18.42
50.98
83.95%
15.67
14.25
4
Vaibhav Gems Ltd.
Diamonds
313.98
178.96
270.81
162.11
90.58%
13.72
9.25
9.79%
5
Neogem India Ltd.
Jewellery of gold
54.91
15.62
52.24
10.59
67.80%
1.42
1.32
51.36%
224.57
246.77
241.02
279.94
113.44%
12.01
10.1
11.23%
77.93
83.28
57.68
70.57
84.74%
6.41
6.52
13.00%
15.03%
6
Thanga Mayil Jewellery Ltd.
Jewellery
7
Fine Jewellery (India) Ltd.
Jewellery of gold
GenerAtors & PoWer eQuiPMent 1
Diamond Power Transformers Ltd.
Transformers
41
93.06
33.19
85.32
91.68%
2.32
6.1
2
Brook Crompton Greaves Ltd.
Motors & generators
30.91
33.59
26.14
24.42
72.70%
11.56
10.91
6.66%
3
Star Delta Transformers Ltd.
Transformers
48.78
76.39
43.52
60.58
79.30%
2.03
2.4
33.04%
4
Panasonic Carbon India Co. Ltd.
Welding machinery
29.78
34.74
15.37
18.09
52.07%
6.07
5.33
9.77%
5
East India Udyog Ltd.
Transformers
63.87
103.26
54.12
81.79
79.21%
2.7
6.94
11.41%
6
S & S Power Switchgear Ltd.
Switching apparatus
7
Tesla Transformers Ltd.
Transformers
7.23
19.49
6.68
17.08
87.63%
8.83
6.43
13.63%
40.68
70.21
31.31
50.47
71.88%
2.92
4.05
17.75%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
92
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
10.84
-0.32
-0.11%
50.12
52.63
75.17
69.09
69.49
62.76
6.5
5.42
28.78
27.69
33.29
42.03
33.09%
65.22
58.99
153.9
184.2
24.29
33.51
4.45
4.44
37.63
91.39
228.7 229.1
-1.57
20.6
9.15%
17.95
12.74
93.89
58.46
20.2
32.39
2.26
2.81
120.96
160.94
229.3
3.85%
15.11
14.41
78.18
74.99
25.96
28.97
4.05
6.05
38.07
47.07
230.1
3.11
9.51%
0.44
1.43
60.33
160.5
7.12
15
0.28
1.53
130.67
293.99
232.7
12.66
13.93
29.78%
78.37
67.77
52.44
63.01
117.29
73.18
18.63
20.29
52.71
47.98
232.8
1.86
2.03
6.24%
47.87
43.37
91.09
75.2
63.65
69.19
26.14
15.12
16.44
23.25
234
2.98
3.41
1.27%
0.65
0.73
60.47
56.96
71.59
61.99
4.07
2.54
31.51
34.11
235.8
25.73
11.29
10.26%
54.55
50.33
123.56
75.01
93.9
82.17
250.27
258.91
14.55
11.14
236
22.7
31.31
17.13%
12.76
9.12
113.73
122.46
17.32
17.84
5.28
4.68
182.85
249.19
236.3 238.3
-12.39
8.68
8.90%
5.81
2.77
133.97
130.12
10.47
15.31
5.9
8.31
224.07
198.49
19.27
19.14
11.66%
98.59
70.91
98.73
170.07
29.16
21.09
184.22
139.89
105.93
85.24
241.9
7.52
10.12
25.34%
17.02
32.23
107.94
164.48
12.67
22.38
10.76
12.01
104.27
183.72
242.1
1.69
2.26
14.28%
96.8
47.96
125.63
220.49
44.78
83.62
16.66
46.68
13.08
17.36
243.3
2.34
3.38
25.28%
107.54
118.11
115.69
115.18
39.5
50.84
7.66
20.54
2.46
52.23
244.2
5.87
-4.12
-7.47%
31.26
82.48
86.57
132.81
26.27
36.75
18.96
28.51
8.34
26.96
246.5
9.77
-3.38
-4.62%
50.03
72.39
17.62
48.7
93.91
88.07
4.65
7.77
38.96
47.4
246.9
-2.39
-2.55
-6.03%
1.22
0.4
143.38
72.71
31.71
37.71
7.51
3.52
165.31
65.87
248.7
-8.93
-8.85
-4.54%
209.22
192.92
232.31
211.62
66.24
73.33
16.36
19.13
7.62
8.47
249.5
6.4
55.87
25.76%
23.08
14.25
27.88
131.56
9.57
49.03
2.78
1.96
65.14
133.53
250.2
0.61
2.14
6.55%
6.26
5.62
39.53
37.8
389.66
286.02
6.13
9.86
38.75
32.01
251.3
0.4
10.06
15.08%
128.71
103.64
293.66
196.76
136.93
200.65
15.92
24.79
25.51
24.13
251.4
7.38
8.24
7.32%
37.72
49.28
65.45
82.78
28.58
85.58
7.56
25.96
24.41
20.96
251.6
-22.02
0.34
0.41%
2.26
0.67
145.09
135.83
17.68
19.24
10.68
7.54
199.23
165.8
253.9
4.61
-7.72
-4.80%
12.44
16.99
110.98
89.36
34.24
39.19
11.49
10.34
16.44
14.65
254.6
6.2
9.33
16.07%
3.08
6.01
112.01
79.78
20.78
27.87
7.15
10.16
308.89
355.75
258.1
-0.72
13.07
18.23%
2.61
2.72
102.6
91.15
42.81
74.63
2.39
2.67
91.12
149.75
259
-7.59
1.13
10.80%
0.97
0.44
474.35
493.28
35.8
25.69
4.28
3.58
6.47
343.34
260
2.86
2.38
11.71%
133.34
233.63
248.5
341.69
58.16
55.22
227.97
279.05
44.58
62.97
260.9
32.61
35.94
20.74%
78.17
101.94
146.1
161.28
27.46
93.53
13.71
27.87
123.56
125.43
263.9
8.33
10.66
10.55%
1.31
1.82
149.14
102.1
16.39
23.6
11.58
8.33
156.45
139.44
264.1
25.52
55.12
26.01%
6.45
3.96
94.44
85.28
26.71
31.92
16.81
23.17
338.38
277.82
273.3
22.36
-27.31
-29.70%
34.25
41.33
110.06
121.03
256.69
455.65
7.93
13.4
8.59
14.6
274.4
4.65
-3.67
-10.91%
367.16
410.28
551.91
535.06
446.86
526.49
4.58
6.47
173.64
195.95
279.2
5.92
2.48
3.42%
16.8
8.88
82.61
72.75
35.4
60.35
4.05
6.68
293.48
171.71
286.1
19.56
0.22
0.11%
76.63
37.73
93.56
96.01
89.43
123.74
72.64
105.57
28.25
26.94
286.4
-292.61
-32.94
-23.92%
47.1
27.8
1285.67
1013.27
1658.93
931.68
8.01
6.53
23.68
17.09
286.9
2.72
1.54
4.58%
3.94
4.85
273.65
440.88
17.49
49.42
15.8
25.86
84.73
47.68
296.7
-19.77
-8.08
-6.17%
5.4
12.31
89.62
104.49
78.57
159.9
28.07
17.68
25.34
25.14
299.4
30.83
52.42
29.40%
15.91
16.7
430
570.66
125.03
131.88
6.22
6.87
210.27
289.74
303.2
73.77
1.1
0.77%
8.29
16.64
112.68
141.61
113.62
120.13
205.96
179.25
81.92
114.94
338.7
6.79
0.36
0.17%
NA
121.51
28.43
50.21
NA
51.99
NA
6.88
NA
1.64
7.7
2.74
5.55
8.80%
157.22
218.14
25.77
48.73
49.96
126.03
0.1
0.22
2.26
7.51
7.8
0.09
9.23
15.20%
79.07
58.95
218.29
51.74
40.2
26.24
6.91
4.1
6.9
9.07
9
-174.18
-238.87
-133.48%
161.63
364.5
15.44
27.82
94.66
153.21
10.22
11.58
4.29
3.8
10.3
2.47
-1.51
-9.67%
284.31
498.64
75.48
210.53
57.85
226.67
1.68
20.15
6.88
25.05
12.7
12.48
18.45
7.48%
1.03
0.72
3.39
8.57
0
110.26
0
283
46.67
72.71
13.6
8.63
8.25
9.91%
110.24
136.19
83.29
147.22
600.31
348.03
42.9
16.79
116.17
112.69
14.5
3.75
6.63
7.12%
NA
27.48
19.55
9.82
NA
7.85
NA
8.38
NA
0.08
42.9
1.03
3.61
10.75%
147.13
171.54
141.51
114.51
26.3
24.06
7.52
5.9
3.61
4.13
45.2
5.78
9.03
11.82%
NA
68.31
26.32
26.04
NA
23.81
NA
16.32
NA
3.48
47
8.32
9.85
28.35%
48.69
32.49
38.98
39.16
62.45
42.58
9.58
8.48
5.01
4.27
48.6
9.46
12.93
12.52%
117.58
101.95
40.11
52.08
22.18
17.28
25.79
26.41
8.86
6
54.8
-4.5
-1.9
-9.75%
506.62
216.19
395.1
145.48
53.31
22.36
36.07
20.02
0.64
0.17
55.1
3
6.5
9.26%
41.68
59.37
87.4
70.47
45.56
22.44
26.15
8.05
16.22
9.87
55.5
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
fooD
11.28
& BEVERAGES
8.39 -4.05
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
93
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
8
G E E Ltd.
Welding machinery
9
Transpares Ltd.
Pressed steel cooling radiators
10
Accurate Transformers Ltd.
Transformers
11
Gupta Machine Tools Ltd.
Stampings & laminations
12
C T R Manufacturing Inds. Ltd.
On load tap changing gears
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
73.29
121.96
57.69
95.16
78.03%
13.21
17.46
2009 4.47%
9.35
13.3
6.97
9.35
70.30%
3.74
5.53
12.71%
180.53
185.35
156.29
158.95
85.76%
5.25
6.96
12.32%
139.3
145.23
105.37
117.01
80.57%
42.28
42.32
1.90%
72.42
90.93
46.97
58.93
64.81%
19.44
24.17
2.68%
13
Vulcan Engineers Ltd.
Furnaces or ovens
8.28
11.06
2.25
1.88
17.00%
0.48
0.41
41.46%
14
Weld Excel India Ltd.
Welding electrodes / sticks / wires / fluxes
18.75
24.11
13.16
18.77
77.85%
4.15
4.27
18.23%
15
Kanohar Electricals Ltd.
Transformers
150.44
127.14
121.79
75.64
59.49%
13.72
21.62
2.75%
16
Transweld Mechanical Engg. Works Pvt. Ltd.
Parts of transformers
7.44
12.24
5.73
8.66
70.75%
2.04
1.97
35.91%
105.83
78.16
69.64
52.57
67.26%
39.26
41.11
1.64%
57.29
84.75
49.27
64.17
75.72%
12.99
15.74
4.81%
17
Modison Metals Ltd.
Contactors
18
Prasha Technologies Ltd.
Parts principally for rotating electric machines
19
Power Build Ltd.
Motors & generators
103.58
115.16
65.89
71.77
62.32%
23.66
32.86
1.90%
20
Mailam India Ltd.
Welding electrodes / sticks / wires / fluxes
34.3
46.82
27.09
37.76
80.65%
3.14
3.12
25.85%
21
Diffusion Engineers Ltd.
Welding electrodes / sticks / wires / fluxes
54.35
61.93
35.11
35.35
57.08%
13.82
14.5
3.94%
22
Universal Radiators Ltd.
Pressed steel cooling radiators
14.48
15.58
8.29
9.4
60.33%
3.61
3.65
16.53% 11.44%
23
D & H Welding Electrodes (India) Ltd.
Welding electrodes / sticks / wires / fluxes
37.51
46.8
29.13
36.4
77.78%
5.79
6.8
24
Tata Precision Inds. India Ltd.
Other parts for rotating electric machines
10.05
11.32
5.22
6.46
57.07%
7.82
6.14
9.29%
25
Marathon Electric Motors (India) Ltd.
Switchgears
266.57
273.96
202.35
217.02
79.22%
12.61
12.23
6.48%
26
Remi Elektrotechnik Ltd.
Electric motors
51.44
50.42
36.66
33.19
65.83%
13
13.08
5.03%
27
Autometers Alliance Ltd.
Static converters & rectifiers
90.26
121.82
59.65
84.35
69.24%
28.54
27.97
2.48% 0.54%
28
Best & Crompton Engg. Ltd.
Electrical machinery
90.67
176.88
49.98
48.47
27.40%
79.38
50.71
29
Jyoti Ltd. (Duplicate Name, Gujarat)
Motors & generators
206.56
252.73
176.32
200.23
79.23%
31.72
37.2
2.13%
30
Igarashi Motors India Ltd.
AC motors, others
306.81
275.32
233.73
233.85
84.94%
102.97
90.87
0.93%
31
Tarapur Transformers Ltd.
Transformers
10.67
24.14
10.49
17.49
72.45%
9.33
18.86
3.84%
32
J S L Industries Ltd.
Electrical machinery other than electronics
27.24
30.58
20.27
23.07
75.44%
8.63
8.45
8.93%
33
Advance Power Display Systems Ltd.
Static coverters
148.12
172.38
130.17
144.85
84.03%
33.87
39.96
2.10%
34
C I I Guardian Intl. Ltd.
Relays
30.21
36.94
24.52
28.6
77.42%
3.02
2.87
26.98%
35
Fluidomat Ltd.
Electro-magnetic couplings
12.21
13.92
7.16
8.84
63.51%
3.33
4.08
15.57%
36
Biecco Lawrie Ltd.
Switchgears
51.49
53.27
31.23
36.16
67.88%
6.04
6.25
10.86% 0.71%
37
Ador Welding Ltd.
Welding electrodes / sticks / wires / fluxes
273.01
228.41
174.59
149.66
65.52%
84.97
92.33
38
R T S Power Corpn. Ltd.
Transformers
94.32
116.04
72.34
95.29
82.12%
11.89
13.45
6.11%
39
Alfa Transformers Ltd.
Transformers
36.5
33.04
24.47
21.21
64.19%
14.2
17.4
3.69% 0.66%
40
Elpro International Ltd.
Lightning arresters, voltage limiters
28.11
24.69
18.73
3.23
13.08%
41.48
19.74
41
Mysore Electrical Inds. Ltd.
Switching apparatus
47.81
42.9
35.63
30.25
70.51%
37.9
37.77
1.87%
42
E C E Industries Ltd.
Transformers
202.98
211.68
140.57
179.1
84.61%
18.25
12.47
6.78%
226.09
222.7
154.86
162.83
73.12%
88.72
161.97
0.45%
53.27
39.43
39.93
33.33
84.53%
28.62
28.2
3.00%
263.85
260.35
195.17
168.8
64.84%
69.78
80.23
0.81%
70.19
47.28
58.44
39.59
83.74%
16.71
15.72
5.33%
43
W S Industries (India) Ltd.
Electrical insulators
44
Marsons Ltd.
Transformers
45
Indo Asian Fusegear Ltd.
Miniature circuit breakers
46
Shilchar Technologies Ltd.
Transformers
47
Pitti Laminations Ltd.
Stampings & laminations
169.63
258.48
126.5
202.82
78.47%
68.86
78.67
1.00%
48
Honda Siel Power Products Ltd.
Portable generating sets
260.41
246.13
184.83
175.5
71.30%
45.15
64.9
1.10%
49
Standard Electricals Ltd.
Miniature circuit breakers
99.14
102.45
69.26
57.78
56.40%
28.52
29.57
1.91%
50
Birla Power Solutions Ltd.
Portable generating sets
218.38
227.45
174.34
182.42
80.20%
73.54
62.34
1.29%
51
I M P Powers Ltd.
Distribution transformers
103.33
134.79
81.82
129.6
96.15%
31.62
53.28
1.80%
52
Permanent Magnets Ltd.
Electro-magnets, permanent magnets
66.42
59.67
41.37
45.44
76.15%
6.25
4.42
17.23%
53
Assam Carbon Products Ltd.
Carbon electrodes, blocks
29.96
29.13
20.51
22.41
76.93%
18.55
17.25
4.46%
6.23%
GlAss & cerAMics 1
Unifrax India Ltd.
Other ceramic products
43.73
48.8
20.28
21.07
43.18%
6.77
6.93
2
I F G L Refractories Ltd.
Refractory bricks
179.29
177.76
105.51
108.87
61.25%
34.58
35.64
1.72%
3
Gujarat Borosil Ltd.
Glass & glass wares
84.57
95.16
43.25
48.94
51.43%
43.46
61.26
0.84% 3.62%
4
J S L Structures Ltd. [Merged]
Other refractories
16.44
20.51
6.78
6.59
32.13%
7.13
8.87
5
Haldyn Glass Gujarat Ltd.
Bottles
63.99
99.69
30.93
60.37
60.56%
69.15
81.04
0.75%
6
Tube Glass Containers Ltd.
Ampoules
26.66
34.96
18.83
25.81
73.83%
14.84
14.56
5.07% 10.83%
7
Delta Tiles Ltd.
Ceramic tiles
9.36
33.74
8.26
30.37
90.01%
7.91
8.31
8
Saint-Gobain Sekurit India Ltd.
Toughened & laminated (safety) glass
66.7
97.09
50
69.47
71.55%
52.38
54.1
1.32%
9
Italia Ceramics Ltd.
Glazed ceramic tiles, paving & flags
23.82
25.43
13.82
24.76
97.37%
14.8
14.89
6.54%
10
Raasi Refractories Ltd.
Refractory bricks
32.54
29.9
24.24
21.7
72.58%
11.36
11.46
6.33%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
94
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
6.62
8.98
7.36%
25.68
27.75
23.22
15.21
32.76
24.69
2.6
2.48
10.2
8.47
56.2
1.79
2.68
20.15%
151.63
133.75
70.79
76.52
57.25
37.49
10.15
7.19
15.93
18.21
56.5 56.5
17.79
21.33
11.51%
144.66
137.26
86.65
99.73
7.38
16.23
3.37
8.82
5.53
9.25
22.87
19.69
13.56%
37.26
33.97
48.14
20.14
20.57
17.36
18.11
22.06
3.75
2.99
57.4
14.03
17.55
19.30%
95.78
89.74
124.62
81.91
43.56
38.15
19.35
23.1
0.31
0.32
58.3
16.55%
101.6
108.57
148.34
198.94
22.01
6.78
13.53
34.76
11.35
9.05
58.4
12.40%
NA
45.54
48.81
45.92
NA
22.08
NA
8.06
NA
23.72
59.9
34.13
27.81
21.87%
111.9
138.89
73.54
65.21
27.43
32.76
24.87
22.54
8.3
14.03
62
1.4
1.32
10.78%
64.04
34.48
67.96
44.47
28.75
32.77
57.38
45.12
0.24
0.57
62.2
26.79
17.41
22.27%
38.73
48.96
27.07
19
54.09
24.07
40.02
82.92
3.05
2.91
63.6
5.88
9.78
11.54%
46.21
43.3
76.49
47.92
35.37
38
16.91
18.17
4.69
3.39
64.1
15.35
19.26
16.72%
128.05
114.56
130.39
84.36
79.45
71.2
26.73
16.82
4.53
2.98
65.4
2.45
2.41
5.15%
81.26
45.38
49.02
59.32
91.42
60.09
5.52
3.1
9.37
6.88
67
11.52
13.1
21.15%
48.82
55.94
39.73
32.63
51.94
52.74
11.36
12.31
25.95
24.24
67.7
2.19
3.03
19.45%
98.61
82.82
245.61
182.63
159.29
135.9
3.07
15.85
7.12
1.84
68.2
4.54
4.4
9.40%
54.3
54.31
51.67
48.56
40.34
33.13
8.15
7.93
22.9
23.03
68.5
1.88
2.06
18.20%
63.19
56.44
43.21
59.96
97.16
73.39
43.71
41.91
2.34
1.22
69.4
42.02
30.88
11.27%
125.8
137.54
103.74
88.66
37.74
26.22
20.59
17.9
8.59
12.81
69.6
3.9
4.08
8.09%
92.13
96.73
60.98
39.2
21.24
24.3
21.61
27.22
28.58
20.5
70.3 71.7
9.01
20.15
16.54%
62.25
64.31
42.99
37.62
101.37
93.23
34.08
31.05
0.65
1
9.26
48.66
27.51%
52.74
50.31
104.42
155.31
20.36
44.23
10.59
29.47
1.44
2.15
73.1
25.18
22.06
8.73%
169.55
143.85
237.78
158.74
10.97
10.99
75.6
58.5
6.28
4.91
74.3
30.44
-36.29
-13.18%
77.73
68.77
87.52
60.74
40.39
56.87
4.96
6.46
5.25
4.59
74.4
2.43
4.17
17.27%
158.43
132.78
150.82
60.18
21.29
48.18
131.44
64.7
4.99
5.83
74.5
1.77
2
6.54%
108.85
99.82
133.13
117.35
32.65
27.5
20.58
16.01
26.09
14.87
74.7
8.49
13.06
7.58%
44.46
33.05
78.54
59.55
58.68
58.32
7.22
4.79
3.4
7.03
75.3
2.29
3.2
8.66%
4.42
4.31
66.05
51.31
102.37
90.86
39.97
30.57
0.19
0.16
77.8
2.44
2.72
19.54%
91.62
96.41
73.31
65.53
66.33
73.39
51.46
42.86
16.75
11.39
79.5
5.41
3.53
6.63%
176.96
193.88
175.7
185.24
89.56
99.79
9.51
12.43
21.78
12.72
80.1
44.88
36.25
15.87%
21.22
26.46
30.86
44.94
29.3
37.88
16.77
18.15
16.54
21.9
80.3
7.41%
126.12
138.63
102.92
80.33
31.95
20.84
44.26
45.18
17.79
17.12
82
6.75
20.43%
58.49
77.31
59.7
31.95
115.4
132.41
35.68
27.69
9.62
16.7
82.2
0.83
15.21
61.60%
109.64
193.83
1170
8090.26
44.06
180.68
30.88
82.69
0.6
0.64
82.4
3.93
3.56
8.30%
138.46
139.57
84.26
79.26
71.24
68.25
21.06
14.88
32.63
27.4
85.5
29.72
9.72
4.59%
131.35
122.75
73.77
61.11
49.42
49.67
41.94
43.25
3.16
8.51
85.7
29.4
22.91
10.29%
89.42
96.39
100.76
122.02
42.82
53.22
25.73
26.19
7.02
9.09
87.5
4.13
4.46
11.31%
131.22
180.88
112.47
136.2
69.67
60.29
31.5
32.46
2.76
12.55
90.6
33.78
27.24
10.46%
125.51
158.97
72.42
95.4
29.82
32.05
57.43
74.14
21.85
26.34
90.6
7.35
2.35
4.97%
97.18
171.35
105.02
140.53
39.33
62.83
15.61
30.21
5.72
10.86
91.4
19.48
27.5
10.64%
59.85
54.01
119.26
84.5
56.1
50.74
24.38
29.02
14.6
11.98
93.2
39.07
29.32
11.91%
30.24
23.19
51.15
43.1
47.1
102.04
4.43
8.86
21.74
32.09
93.3
8.64
8.9
8.69%
39.73
12.39
67.83
68.43
66.11
81.52
16.8
12.8
52.44
41.13
96.4
19.31
21.93
9.64%
166.92
189.91
59.52
90.81
120.16
76.1
44.12
24.29
34.18
30.07
97.1
17.11
21.14
15.68%
120.68
96.23
53.98
73.72
57.52
47.14
33.17
37.22
23.72
31.06
99.3
4.32
-5.88
-9.85%
41.5
42.27
155.75
150.72
123.69
123.53
92.7
107.91
8.02
9.16
110.2
-1.12
-2.2
-7.55%
161.63
146.52
151.5
206.11
131.33
115.43
58.85
59.99
23.39
20.81
110.3
16.48
19.29
39.53%
67.02
73.94
40.26
37.56
67.46
60.52
0.22
0.4
19.54
23.42
19.3
35.18
28.96
16.29%
96.13
85.83
63.13
31.52
64.94
74.28
13.01
10.23
6.6
9.53
29.1
9.93
15.9
16.71%
31.86
28.98
28.86
39.2
73.72
59.47
5.79
5.67
2
2.86
30.9
3.93
7.34
35.79%
14.93
24.65
46.09
78.54
179.23
48.25
4.83
6.97
0
6.03
31.6
18.15
20.95
21.02%
49.57
40.23
115.48
70.17
90.43
66.23
1.34
1.29
4.85
4.52
31.8 34.1
4.19
4.72
13.50%
71.29
78.22
72.27
66.81
124.52
109
0.78
0.5
21.14
21.68
1.2
3.67
10.88%
65.92
42.51
164.92
90.5
98.65
17.56
4.6
0.97
22.45
17.18
35.1
8.34
12.29
12.66%
58.51
49.21
87.44
61.65
85.87
41.76
6.29
5.89
18.33
14.33
35.5
3.34
0.48
1.89%
63.93
64.73
105.24
70.61
61.88
44.27
2.21
0.53
34.81
35.7
36.9
3.26
3.52
11.77%
61.07
81.19
35.96
56.49
82.56
100.31
15.45
19.53
15.59
13.56
40.5
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
gLASS
8.6
5.77
& CERAMICS
8.23
geNerATorS
1.83 2.99
& POWER EQUIPMENT
0.92 2.58
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
95
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
11
Neutral Glass & Allied Inds. Pvt. Ltd.
Glass containers
81.13
92.16
39.08
46.21
50.14%
43.52
42.49
2009 1.18%
12
Snowtex Udyog Ltd.
Refractory bricks
16.91
22.71
12.35
17.53
77.19%
4.59
4.61
16.74%
13
Schott Glass India Pvt. Ltd.
Glass in tubes
112.78
147.39
33.91
67.21
45.60%
105.44
181.66
0.25%
14
Schablona India Ltd.
Other ceramic products
19.04
28.73
11.6
19.43
67.63%
4.99
6.46
10.47% 0.47%
15
Regency Ceramics Ltd.
Ceramic tiles
139.69
162.42
74.81
89.62
55.18%
127.09
116.89
16
Shri Nataraj Ceramic & Chemical Inds. Ltd.
Other refractories
48.22
72.14
35.14
47.36
65.65%
10.21
19.85
3.31%
17
Maithan Ceramic Ltd.
Refractory bricks
83.12
107.56
63.81
81.83
76.08%
8.35
10.2
7.46%
69.33
77.17
41.59
53.39
69.18%
42.03
38.15
1.81%
80.9
66.55
49.32
73.14
109.90%
70.44
81.65
1.35%
18
Jalaram Ceramics Ltd.
Glazed ceramic tiles, paving & flags
19
Goa Glass Fibre Ltd.
Glass fibres
20
Cera Sanitaryware Ltd.
Ceramic sinks, wash basins
127.99
160.48
78.72
86.33
53.79%
76.45
74.53
0.72%
21
Orient Ceramics & Inds. Ltd.
Glazed ceramic tiles, paving & flags
213.46
225.7
146.06
137.33
60.85%
94.44
88.26
0.69%
22
La Opala R G Ltd.
Kitchen glass wares
51.08
62.23
27.99
39.87
64.07%
57.7
54
1.19%
23
Sezal Glass Ltd.
Toughened & laminated (safety) glass
55.21
50.14
45.12
33.25
66.31%
127.69
389.56
0.17%
161.76
188.76
105.11
137.75
72.98%
126.45
118.9
0.61%
31.8
36.63
21.31
32.51
88.75%
60.89
89.85
0.99%
24
Bell Ceramics Ltd.
Ceramic tiles
25
Restile Ceramics Ltd.
Unglazed ceramic tiles, paving & flags
26
Decolight Ceramics Ltd.
Ceramic tiles
82.18
73.69
56.59
66.3
89.97%
75.5
79.42
1.13%
27
Tata Ceramics Ltd.
Porcelain or china household articles
29.57
26.78
20.47
24.25
90.55%
17.06
14.28
6.34% 30.29%
28
Nilachal Refractories Ltd.
Other refractories
11.2
15.31
9.98
11.64
76.03%
2.21
2.51
29
Shreno Ltd.
Glass & glass wares
43.98
112.81
24.77
76.42
67.74%
17.02
24.11
2.81%
30
Neycer India Ltd.
Other ceramic products
12.55
15.14
8.44
8.52
56.27%
12.27
16.86
3.34% 0.14%
31
Euro Ceramics Ltd.
Ceramic tiles
235.79
214.89
118.72
150.24
69.91%
372.95
499.41
32
Murudeshwar Ceramics Ltd.
Glazed ceramic tiles, paving & flags
236.41
179.67
100.97
77.17
42.95%
338.14
328.71
0.13%
33
I A G Co. Ltd.
Glass & glass wares
0.96
13.11
0.52
25.25
192.60%
36.6
72.35
2.66%
34
Borosil Glass Works Ltd.
Laboratory glasswares
72.57
68.12
43.47
39.87
58.53%
48.23
37.1
1.58%
55.63%
leather & leather products 1
Euro Leder Fashion Ltd.
Leather apparel & clothing accessories
26.04
44.09
18.7
33.36
75.66%
1.2
1.36
2
Worldwide Leather Exports Ltd.
Leather shoes
12.55
14.18
8.07
7.5
52.89%
4.69
4.72
11.21%
3
Deltmal Safety Shoes Ltd.
Shoe uppers
51.39
35.97
41.07
28.74
79.90%
5.29
5.32
15.02%
4
Mayur Leather Products Ltd.
Shoe uppers
27.23
18.89
17.85
13.39
70.88%
3.7
3.51
20.19%
5
New Horizons Ltd.
Leather gloves
64.73
100.43
61
72.66
72.35%
8.92
8.67
8.34%
6
Lawreshwar Polymers Ltd.
Leather, canvas & other shoes, chappals
24.18
29.16
18.91
24.38
83.61%
10.04
11.31
7.39%
7
Pond’s Exports Ltd.
Leather shoes
87.55
104.58
60.83
78.25
74.82%
4.52
4.36
17.16%
8
Super Tannery Ltd.
Leather, canvas & other shoes, chappals
205.8
201.1
139.64
107.33
53.37%
43
49.92
1.07%
9
Khadim India Ltd.
Slippers & chappals
198.3
198.12
172.87
142.31
71.83%
79.39
93.78
0.77%
10
Liberty Shoes Ltd.
Other shoes
248.87
240.54
160.8
132.95
55.27%
87.01
84.76
0.65%
11
Focus Energy Ltd.
Leather shoes
17.08
25.52
11.83
19.55
76.61%
114.55
142.12
0.54%
12
A V Thomas Leather & Allied Products Pvt. Ltd.
Wallets
223.59
220.85
123.34
130.59
59.13%
14.18
12.52
4.72%
13
Lakhani India Ltd.
Leather shoes
146.68
236.87
117.85
209.27
88.35%
72.72
82.73
1.07%
machine tools 1
Birla Precision Technologies Ltd.
Machine tools
31.07
27.18
14.52
14.1
51.88%
17.02
29.63
1.75%
2
L M Van Moppes Diamond Tools India Pvt. Ltd.
Machine tools
10.12
10.24
4.63
5.92
57.81%
2.81
3.29
17.57%
3
Wendt (India) Ltd.
Machine tools
55.49
54.02
25.81
24.84
45.98%
21.24
26.34
1.75%
4
Ucal Machine Tools Ltd.
Other machine tools & parts thereof
40.35
30.93
21.2
18.7
60.46%
25.71
25.6
2.36%
5
Kulkarni Power Tools Ltd.
Machine tools for drilling, boring, milling
58.55
62.39
38.61
39.61
63.49%
32.66
32.44
1.96%
6
I T L Industries Ltd.
Sawing or cutting off machines
33.87
31.47
25.64
23.76
75.50%
8.2
8.08
9.34% 0.62%
7
T A L Manufacturing Solutions Ltd.
Machine tools
218.84
200.45
165.62
153.92
76.79%
61.04
123.88
8
Guindy Machine Tools Ltd.
Machine tools
30.29
26.63
15.22
16.81
63.12%
17.83
19.08
3.31%
9
Mitsubishi Heavy Inds. India Precision Tools Ltd.
Machine tools
42.99
37.64
16.25
15.93
42.32%
58.78
55.05
0.77%
10
Akar Tools Ltd.
Machine tools
69.9
79.66
45.29
56.86
71.38%
32.41
36.72
1.94%
11
A C E Designers Ltd.
Lathes
245.15
177.36
156.53
127.08
71.65%
63.67
76.27
0.94%
268.98
202.49
148.58
103.27
51.00%
143.79
143.32
0.36%
41.2
35
23.85
23.74
67.83%
56.68
55.99
1.21%
111.07
129.63
70.13
82.88
63.94%
119.31
257.78
0.25% 1.42%
12
Forbes & Co. Ltd.
Machine tools
13
Dagger-Forst Tools Ltd.
Broaching machines
14
Premier Ltd.
Machine tools
15
Addison & Co. Ltd.
Drilling machines
154.41
161.04
112.96
134.73
83.66%
57.44
59.12
16
Revathi Equipment Ltd.
Drilling machines
125.87
93.48
80.14
71
75.95%
13.87
40.15
1.89%
17
Bemco Hydraulics Ltd.
Hydraulic presses
20.9
23.23
14.83
13.87
59.71%
6.39
5.76
10.37%
18
H M T Machine Tools Ltd.
Machine tools
239.06
190.03
135.84
135.6
71.36%
41.66
73.91
0.97%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
96
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
35.6
37.3
40.47%
NA
84.61
59.16
53.78
NA
112.92
NA
3.16
NA
76.95
40.8
2.13
3.59
15.81%
65.51
42.83
56.55
36.75
169.46
140.19
3.55
2.87
20.93
22.32
43.2
20.01
36.54
24.79%
78.77
71.96
139.54
145.86
300.76
218.03
2.55
2.43
28.02
15.17
45.1
2.15
2.76
9.61%
56.67
51.75
124.88
86.49
50.41
49.76
9.28
10.63
28.25
32.39
46.7 47.3
1.93%
78.26
59.93
108.96
68.38
204.28
129.73
3.37
2.15
40.94
28.57
12.03
16.68%
33.92
51.74
76.19
76.62
144.02
169.15
4.53
4.41
22.48
19.13
48.1
8.13
12.55
11.67%
57.54
61.07
37.02
78.75
111.78
93.79
10.66
12.11
23.68
19.62
48.2
10.52
12.43
16.11%
52.96
58.18
62.93
59.33
82.7
86.14
10.19
10.4
39.25
50.87
49.3
12.73
14.15
21.26%
54.44
43.09
50.98
52.96
114.52
98.9
1.65
1.02
31.91
92.28
49.5
23.11
31.08
19.37%
62.95
60.33
92.62
83.79
109.77
113.77
5.18
5.05
48.61
47.09
50.2
23.29
30.24
13.40%
59.61
50.94
74.88
67.42
84.62
93.22
6.61
7.5
24.24
32.76
50.5
6.91
10.35
16.63%
65.93
61.13
70.25
50.69
126.54
149.09
34.55
80.88
19.36
18.36
50.7
16.43
30.02
59.87%
101.26
137.53
409.77
475.95
120.54
168.65
6.36
6.97
18.19
30.64
53
-1.07
21.66
11.47%
24.6
23.99
103.42
87.12
75.25
60.62
10.84
2.45
41.61
42.38
53.9
5.05
-4.92
-13.43%
78.77
79.33
75.45
116.66
118.88
92.22
2.33
2.04
85.35
80.15
54.1
22.43
14.05
19.07%
70.79
117.94
71.15
62.68
195.67
130.14
39.47
63.27
17.62
38.9
54.9 55.8
1.31
-1.51
-5.64%
78.07
78.14
47.44
45.55
144.36
135.15
9.53
6.7
60.83
84.93
-3.61
0.73
4.77%
56.89
59.46
139.17
152.82
75.62
85.41
32.36
28.98
52.94
60.02
59.1
3.19
15.02
13.31%
65.04
39.98
198.9
177.05
111.11
50.28
80.38
30.64
105.26
63.62
60.5
-3.92
0.71
4.69%
149.43
136.71
700.7
770.64
242.84
122.35
15.51
13.49
101.74
104.01
61.3
71.6
40.82
19.00%
70.4
99.12
70
87.06
116.7
150.47
14.41
21.64
58.85
56.47
61.8
76.29
50.28
27.98%
77.91
101.17
75.38
80.42
193.83
314.36
67.4
83.11
77.81
89.58
65.5
-5.89
1.58
12.05%
877.12
82.45
6667.11
311.92
0
272.64
2650.6
42.68
115.69
29.95
65.7
7.93
2.37
3.48%
68.89
66.71
75.29
75.08
132.04
159.5
116.65
260.65
61.17
63.22
66.5
2.47%
14.72
13.83
44.53
20.29
22.94
21.67
0
0.78
3.62
4.15
9.8
6.77%
49.52
54.61
35.97
37.05
42.83
35.66
15.77
13.48
13.04
8.15
12.2
4.73
3.26
9.06%
83.14
104.34
97.54
43.75
53.48
85.11
1.11
3.19
3.98
4.67
14.1
4.57
3.18
16.83%
79.4
88.1
50.42
44.76
57.75
76.73
13.74
6.3
4.59
10.52
14.6
3.62
7.05
7.02%
17.31
8.14
71.94
38.89
81.7
39.18
15.77
12.66
15.86
10.37
16
2.84
2.46
8.44%
144.19
132.95
40.34
55.18
73.15
41.62
17.54
18.38
13.48
15.86
16.6
0.42
-7.32
-7.00%
55.79
37.08
93.74
68.02
112
56.39
18.39
9.17
8.62
6.53
17.6
12.3
16.25
8.08%
57.22
71.02
83.98
71.66
44.57
49.26
72.84
66.97
26.27
31.72
22.6
23.38
18.76
9.47%
22.06
34.88
60.13
79.83
50.91
46.53
19.08
21.4
68.34
83.48
22.9
32.89
26.06
10.83%
102.07
107.79
70.68
82.77
57.67
62.28
53.52
55.31
58.44
59.65
23.5
1.58
1.48
5.80%
52.45
27.35
1735.92
1523.21
49.89
52.3
2.45
2.02
207.19
211.44
24.5
11.72
7.81
3.54%
18.44
20.2
44.94
61.55
132.93
152.36
39.77
36.92
14.82
17.47
25.5
13.23
27.78
11.73%
86.66
95.02
116.24
134.42
323.85
206.02
25.19
30.44
20.27
20.31
25.8
16.78%
98.88
146.26
73.83
111.09
35.53
50.31
8.49
4.98
6.36
10.78
14
2.38
23.24%
136.68
154.5
82.27
111.07
110.79
115.62
4.94
4.11
3.88
11.12
16.6
14.33
14.79
27.38%
76.49
81.63
61.8
73.38
62.46
55.08
18.03
23.72
2.62
2.66
16.8
7.67
2.29
7.40%
68.03
79.94
82.64
84.1
39.27
57.04
17.82
17.74
1.03
0.81
17.6
9.79
8.48
13.59%
81.64
83.61
73.21
58.36
53.63
51.97
29.26
26.42
17.02
11.14
19.5
3.43
3.4
10.80%
83.2
106.31
109.29
143.44
70.07
90.31
14.52
16.6
0.73
1.07
20.3
17.65
15.46
7.71%
80.7
103.13
136.41
181.28
45.8
41.94
26.1
24.7
2.42
2.09
23.6
8.68
3
11.27%
34
39.8
70.39
89.13
35.75
28.52
37.7
48.44
14.36
21.59
24.7
14.74
10.88
28.91%
79.76
77.65
260.09
180.1
214.18
223.17
34.6
21.42
1.74
2.32
26
6.85
7.73
9.70%
59.69
61.52
55.43
74.08
25.58
25.92
56.59
50.44
22.5
22.32
26.2
64.13
22.36
12.61%
64.36
74.93
91.05
54.79
37.95
58.39
50.79
84.91
12.99
12.46
28.2
18.1
-22.83
-11.27%
119.83
107.96
158.99
182.51
156.98
62.91
37.51
19.3
49.22
28.77
28.8
6.62
1.15
3.29%
90.25
117.09
90.87
84.81
200.73
183.23
42.44
30.73
15.55
21.03
29.7
29.85
37.54
28.96%
209.97
164.48
113.04
167.31
103.74
111.99
49.06
30.11
44.83
51.9
29.8
20.17
22.25
13.82%
75.37
71.71
55.06
62.04
57.86
56.94
167.96
184.7
86.42
119.81
33.9
28.8
16.1
17.22%
103.23
137.74
74.55
121.49
91.68
191.95
96.36
223.48
18.62
25.99
34.1
2.39
2.49
10.72%
98.54
85.44
239.04
209.19
64.55
88.22
121.56
136.01
78.75
63.21
34.4
-32.8
-37.59
-19.78%
134.23
177.15
196.58
204.77
198.51
216.69
95.52
112.43
39.86
47.78
37.5
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
mAchINe
4.56
2.8
TOOLS
8.3
LeATher
1.09 0.96
& LEATHER PRODUCTS
0.71 0.74
gLASS
3.13
9.1
& CERAMICS
5.74
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
97
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore) 2008
2009
Fixed Asset Turnover Ratio (FATR) 2009
MetAls ProDucts 1
Rolcon Engineering Co. Ltd.
Chains & anchors of iron & steel
30.76
32.99
19.22
21
63.66%
4.14
4.03
2
Rajratan Global Wire Ltd.
Wires & ropes of iron & steel
107.09
144.06
90.95
112.59
78.15%
46.37
44.07
15.80% 1.77%
3
Sri Rama Vilas Service Ltd.
Articles of iron & steel
22.1
19.06
10.36
9.53
50.00%
1.18
1.31
38.17%
4
Coventry Coil-O-Matic (Haryana) Ltd.
Coil springs
35.94
32.78
27.02
26.06
79.50%
8.84
8.27
9.61%
5
Eurocoustic Products Ltd.
Metal furnitures & fixtures
20.38
21.93
11.94
13.23
60.33%
2.16
2.12
28.46% 12.88%
6
Metal Coatings (India) Ltd.
Articles of iron & steel
113.59
97.25
106.48
88.44
90.94%
7.57
7.06
7
Shakti Met-Dor Ltd.
Metal furnitures & fixtures
69.08
59.66
38.72
37.61
63.04%
22.64
51.41
1.23%
8
Bansal High Carbons Pvt. Ltd.
Wires & ropes of iron & steel
97.28
134.28
89.36
127.91
95.26%
6.7
6.13
15.54% 14.28%
9
Universal Cylinders Ltd.
LPG cylinders & other gas containers
8.45
12.77
6.56
9.43
73.84%
5.15
5.17
10
Yashraj Containeurs Ltd.
Reservoirs, tanks & other fabrications
104.95
111.75
89.76
98.34
88.00%
33.51
41.29
2.13%
11
A P W President Systems Ltd.
Miscellaneous articles of base metals
131.2
138.85
91.68
97.09
69.92%
34.07
41.35
1.69%
12
D-M-E Company (India) Pvt. Ltd.
Other springs
12.87
11.32
6.66
7.44
65.72%
7.12
6.26
10.50%
13
Gunnebo India Ltd.
Metal furnitures & fixtures
80.49
120.46
50.54
76.89
63.83%
14.69
14.1
4.53%
14
J K Talabot Ltd.
Files
13.14
17.86
7.13
9.03
50.56%
19.76
18.54
2.73%
15
Midfield Industries Ltd.
Articles of iron & steel
64.59
80.46
47.07
52.74
65.55%
15.1
18.05
3.63%
16
British Scaffolding (India) Ltd.
Other articles of iron & steel
101.96
75.58
88.97
63.48
83.99%
13.08
12.08
6.95%
17
India Tube Mills & Metal Inds. Ltd.
Reservoirs, tanks & other fabrications
88.94
96.88
54.92
47.77
49.31%
4
3.63
13.58%
18
Minex Metallurgical Co. Pvt. Ltd.
Wires & ropes of iron & steel
221.99
226.3
172.34
189.29
83.65%
21
20.11
4.16%
19
Hindustan Files Ltd.
Files
35.56
42.64
24.84
32.3
75.75%
3.54
3.94
19.23%
112.21
145.72
94.96
126.22
86.62%
18.51
18.56
4.67%
155.46
150.17
89.09
97.03
64.61%
77.3
78.94
0.82%
20
Bansal Wire Inds. Ltd.
Wires & ropes of iron & steel
21
Sterling Tools Ltd.
Screws, bolts, nuts, rivets, washers
22
Rajasthan Cylinders & Containers Ltd.
LPG cylinders & other gas containers
29.96
17.76
19.7
13.11
73.82%
9.75
9.29
7.95%
23
Harsha Engineers Ltd.
Other fabricated metal products
238.8
234.84
163.18
157.75
67.17%
95.04
101.41
0.66% 3.00%
24
Bedmutha Industries Ltd.
Wires & ropes of iron & steel
115.05
147.1
94.35
121.98
82.92%
20.96
27.62
25
Steel Products Ltd.
Articles of iron & steel
54.01
62.71
40.61
45.71
72.89%
10.39
12.66
5.76%
26
A M D Industries Ltd.
Crown caps
84.9
93.17
60.68
61.42
65.92%
81.7
77.65
0.85% 4.68%
27
Proseal Closures Ltd.
Stoppers, caps & lids (including crown caps)
28
J C B L Ltd.
Other fabricated metal products
29
De Nora India Ltd.
Miscellaneous articles of base metals
36.75
50.14
22.41
28.91
57.66%
10.61
12.31
156.92
190.75
133.31
162.47
85.17%
40.26
44.12
1.93%
21.32
21.39
7.33
11.06
51.71%
7.29
7.01
7.38%
30
Gujarat Containers Ltd.
Reservoirs, tanks & other fabrications
24.22
24.78
20.47
20.27
81.80%
3.8
3.77
21.70%
31
Hariyana Ship Breakers Ltd.
Miscellaneous articles of base metals
136.27
166.65
149.47
124.38
74.64%
30.89
30.74
2.43%
32
Inox India Ltd.
Reservoirs, tanks & other fabrications
193.85
244.62
117.67
142.32
58.18%
51.53
53.59
1.09%
33
Jash Engineering Ltd.
Table, kitchen articles of iron & steel
33.82
45.88
23.21
31.56
68.79%
12.6
17.07
4.03%
34
G K W Ltd.
Screws, bolts, nuts, rivets, washers
119.52
96.14
95.93
77.74
80.86%
72.43
11.81
6.85%
35
Monal Chains Ltd.
Chains & anchors of iron & steel
13.79
15.43
9.79
7.79
50.49%
3.11
3.27
15.44%
36
B I L Metal Inds. Ltd.
Miscellaneous articles of base metals
29.36
19.09
21.83
13.52
70.82%
10.32
10.81
6.55%
37
Steel Industrials Kerala Ltd.
Other fabricated metal products
15.58
18.9
12.2
13.06
69.10%
2.56
1.83
37.76%
38
Mohindra Fasteners Ltd.
Screws, bolts, nuts, rivets, washers
50.24
65.4
32.65
46.93
71.76%
26.89
26.33
2.73%
39
Confidence Petroleum India Ltd.
LPG cylinders & other gas containers
154.27
233.45
130.12
206.21
88.33%
31.66
120.7
0.73%
40
Taparia Tools Ltd.
Hand tools
112.21
121.51
96.46
85.2
70.12%
3.86
4.28
16.38%
41
Nile Ltd.
Other fabricated metal products
114.97
95.98
95.39
81.57
84.99%
16.02
27.72
3.07%
42
Lakshmi Precision Screws Ltd.
Screws, bolts, nuts, rivets, washers
209.02
227.4
132.46
150.61
66.23%
53.99
63.13
1.05%
43
Hindustan Everest Tools Ltd.
Hand tools
30.82
34.31
21.29
26.44
77.06%
7.4
8
9.63%
44
Colour Roof (India) Ltd.
Articles of iron & steel
124.41
132.46
120.33
131.11
98.98%
56
58.87
1.68%
MinerAls 1
Cochin Minerals & Rutile Ltd.
Titanium ores (Ilmenite, Rutile)
84.14
121.4
62.16
68.49
56.42%
25.92
28.99
1.95%
2
Ashapura International Ltd.
Other clays
91.05
49.7
30.99
13.15
26.46%
2.92
2.66
9.95% 18.24%
3
Wolkem Industries Ltd.
Wollastonite
12.89
10.13
3.75
4.99
49.26%
2.9
2.7
4
Oriental Carbon & Chemicals Ltd.
Sulphur
91.32
124.07
47.9
87.29
70.36%
55.28
57.94
1.21%
5
Insilco Ltd.
Silica sands
74.25
67.21
51.6
49.49
73.63%
35.38
37.65
1.96% 30.51%
6
Diamond Crucible Co. Pvt. Ltd.
Graphite
9.07
11.92
5.78
7.02
58.89%
1.39
1.93
7
Amol Dicalite Ltd.
Vermiculite, perlite
17.47
19.25
6.71
7.32
38.03%
19.92
21
1.81%
8
Almora Magnesite Ltd.
Dead-burned (sintered) magnesia
22.61
21.12
14.28
14.62
69.22%
2.8
2.84
24.37%
9
Oriental Trimex Ltd.
Marble
96.96
102.74
74.75
121.24
118.01%
19.58
35.95
3.28%
10
Associated Stone Inds. (Kotah) Ltd.
Stones
114.28
124.94
60.73
70.03
56.05%
123.7
132.71
0.42%
11
Tamilnadu Magnesite Ltd.
Dead-burned (sintered) magnesia
49.6
59.18
31.02
37.17
62.81%
10.36
16.04
3.92%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
98
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies
2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
3.28
3.75
11.37%
39.16
36.46
65.93
57.41
21.42
20.89
3.39
2.94
0.11
0.11
9.04
17.72
12.30%
74.98
58.88
7.74
8.56
31.16
16.83
1.6
1.75
3.98
3.2
31.3 32.1
5.59
4.14
21.72%
70.24
62.06
68.99
70.29
3.92
5.11
10.75
11.95
9.37
7.07
34.2
0.49
-1.24
-3.78%
43.72
52.39
44.43
42.32
22.65
18.18
8.7
10.34
0.5
0.41
42.5
3.91
3.87
17.65%
110.41
100.8
115.1
106
58.57
70.46
6.32
10.15
0.69
0.82
42.7
4.2
3.35
3.44%
48.03
48.79
4.59
2.64
16.78
17.8
9.15
10.92
1.63
1.86
42.8
20.86
12.86
21.56%
77.07
113.98
37.05
116.66
66.14
61.9
1.45
4.02
1.42
1.34
44.6
3.33
3.24
2.41%
27.87
21.17
11.21
5.57
39.88
24.55
6.19
6.27
3.66
2.75
45.9
0.74
0.88
6.89%
90.97
76.04
89.19
81.23
13.64
16.24
27.12
17.54
4.83
4.08
47.1
7.12
13.66
12.22%
77.17
79.79
50.63
26.58
25.58
25.47
4.57
22
1.79
1.61
47.2
18.49
18.26
13.15%
65.39
57.49
54.91
50.49
17.19
22.26
11.21
12.8
3.71
5.06
47.3
3.37
1.43
12.63%
94.58
121.72
60.66
88.16
77.29
71.88
8.35
4.94
6.29
5.75
48.1
2.38
5.72
4.75%
125.62
93.34
102.33
69.41
37.34
21.82
19.3
6.9
22.95
14.29
50.3
2.68
5.36
30.01%
9.24
9.69
66.77
40.36
75.78
38.8
25.28
12.65
1.39
5.33
50.4
11.25
15.5
19.26%
NA
154.86
39.75
45.13
NA
50.04
NA
8.72
NA
24.5
50.9
8.76
5.8
7.67%
56.04
77.96
15.34
11.82
13.34
15.95
11.07
15.98
14.72
24.52
52.1
6.05
8.07
8.33%
42.32
48.8
60.95
50.94
22.16
31.35
64.73
78.26
0.7
0.63
52.3
20.19
19.94
8.81%
64.92
61.02
26.62
17.01
52.48
40.21
2.14
1.93
16.75
14.64
53.4
2.05
1.84
4.32%
18.01
15.19
59.1
36.81
29.9
22.61
12.87
13.27
7.5
7.03
55
5.57
7.28
5.00%
25.18
27.53
15
5.71
56.32
36.38
9.78
9.39
7.87
6.08
55.3
23.54
16
10.65%
61.89
66.78
40.17
30.22
42.21
32.51
17.75
15.54
11.19
9.59
56.4
2.72
1.18
6.64%
45.3
56.59
18.33
46.17
15.17
33.08
11.07
15.52
7.95
9.34
59.3
50.25
36.99
15.75%
79.85
75.31
66.39
29.08
85.75
88.27
3.5
3.87
14.96
15.71
59.6
10.89
16.88
11.48%
39.29
40.55
28.83
23.61
68.67
32.22
14.57
17.24
8.1
7.1
59.7
4.65
4.29
6.84%
96.79
108.65
110.41
91.65
33.11
28.7
13.08
14.38
19.81
20.5
62.1
12.75
18.88
20.26%
68.41
67.18
97.12
94.17
134.18
104.46
16.72
3.63
11.44
11.56
64.9
5.07
8.72
17.39%
34.7
23.29
84.2
42.59
56.52
46.08
20.53
17.21
48.47
28.49
67.2
14.44
14.31
7.50%
NA
52.51
72.81
74.18
NA
16.63
NA
50.71
NA
6.71
67.5
6.7
2.72
12.72%
117.44
95.49
89.81
60.52
474.99
267.25
51.58
24.8
18.92
13.77
68.1
1.39
0.04
0.16%
76.74
73.79
84.86
77.71
43.38
45.08
32.1
31.65
6.56
7.51
68.2 69.8
15.2
12.12
7.27%
NA
35.24
113.48
66.74
NA
53.4
NA
0.95
NA
40.73
41.38
50.55
20.66%
27.77
28.88
104.95
64.96
72.11
70.24
104.91
106.82
2.34
3.48
70.7
5.52
8.71
18.98%
70.97
58.91
107.32
71.32
72.48
70.98
31.85
26.66
7.07
14.27
72.8
-30.33
10.84
11.28%
75.48
55.76
128.61
40.25
69.54
67.15
56.76
48.69
8.51
11.55
73.1
1.74
1.81
11.73%
69.41
52.21
73.36
60.83
127.84
100.54
8.98
17.72
61.98
37.42
75
3.87
-1.19
-6.23%
NA
120.39
112.33
98.96
NA
74.78
NA
127.61
NA
4.29
75.3
0.47
0.9
4.76%
221.74
198.63
520.86
455.66
69.05
73.88
164.06
155.83
5.16
9.34
76.2
8.79
9.81
15.00%
74.79
68.72
114.79
101.2
72.36
56.36
30.54
36.2
16.29
18.46
76.5
23.42
22.31
9.56%
47.24
55.74
89.13
57.03
29.32
38.5
35.77
57.69
5.17
8.07
77.1
6.28
6.98
5.74%
31.51
31.29
89.15
31.33
85.51
78.06
38.23
38.07
34.73
42.52
82.2
14.55
-0.05
-0.05%
31.79
23.09
40.09
46.42
49.76
59.72
73.35
91.63
4.52
6.24
82.4
32.23
27.65
12.16%
77.4
79.13
102.31
103.65
206.42
203.63
41.42
46.73
55.24
59.21
90.4
0.9
1.33
3.88%
63.49
50.87
85.62
79.13
145.55
117.41
42.23
41.25
103.6
97.09
95.4
13.98
6.81
5.14%
60.08
67.03
191
216.44
104.86
131.36
12.87
20.71
39.93
61.19
97.6
15.04
12.39%
16.39
15.25
37.2
42.31
32.67
31
1.71
0.93
5.81
3.9
11
3.11
6.26%
90.84
134.23
43.88
34.52
35.26
51.16
12.51
17.59
34.04
56.22
14.6
0.68
-0.45
-4.44%
0
0.55
56.89
56.2
8.86
12.63
0
25.95
3.89
6.22
15
9.24
15.43
12.44%
42.36
38.11
67.33
31.45
104.41
67.72
0.57
0.22
27.49
21.38
15.1
-2.11
1.94
2.89%
70.54
73.96
24.29
23.53
45.55
64.56
17.22
25.58
22.11
14.14
15.6
1.38
2.11
17.70%
NA
68.47
71.24
81.11
NA
43.7
NA
23.4
NA
29.38
15.7
4.91
6.34
32.94%
67.17
50
56.94
56.41
94.84
80.62
4.56
6.99
26.88
20.49
15.8
1.26
0.86
4.07%
40.41
50.58
47
66.19
462.03
641.79
3.26
3.62
7.12
9.08
17.2
8.63
8.84
8.60%
35.99
39.05
51.55
26.71
85.75
101.27
2.08
0.86
48.25
69.01
18.5
13.81
19.85
15.89%
89.2
108.21
115.41
86.37
107.91
99.77
32.27
50.07
14.45
18.69
19.2
2.21
7.99
13.50%
14.2
14.02
191.14
183.67
494.05
548.66
1.09
1.14
17.5
24.5
20.5
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
mINerALS
5.77 7.04
meTAL
PBDITA (Rs Crore)
PRODUCTS
Working Capital CyCle
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
99
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore) 2008
2009
Fixed Asset Turnover Ratio (FATR) 2009
non-electricAl MAcHinerY 1
Vacuum Plant & Instruments Mfg. Co. Ltd.
Industrial machinery
35.28
38.07
23.7
25.8
67.77%
1.61
2.45
2
Tyco Sanmar Ltd.
Other valves
122.51
130.85
65.09
59.49
45.46%
13.23
12.27
27.66% 3.71%
3
Cenlub Industries Ltd.
Pumps
14.77
15.5
9.09
10.99
70.90%
3.19
4.01
17.68% 198.85%
4
Salter India Ltd.
Weighing machinery
8.65
11.71
6.47
8.15
69.60%
0.45
0.35
5
Shilp Gravures Ltd.
Printing machinery
34.1
37.26
14.76
17.98
48.26%
27.57
39.23
1.23%
6
Xomox Sanmar Ltd.
Industrial valves
65.25
63.34
37.03
33.51
52.90%
5.77
18.03
2.93%
7
Sulzer Pumps India Ltd.
Pumps
229.74
282.23
166.99
167.64
59.40%
30.07
32.39
1.83%
8
Swaraj Engines Ltd.
Diesel engines
128.84
213.26
96.07
170.7
80.04%
30.01
26.53
3.02%
9
W P I L Ltd.
Pumps
109.84
159.2
80.89
121.48
76.31%
12.11
17.43
4.38%
10
Lincoln Helios (India) Ltd.
Industrial machinery
96.25
112.82
51.48
59.71
52.93%
3.32
4.06
13.04%
11
S P X Flow Technology (India) Pvt. Ltd.
Centrifugal pumps
46.58
47.7
31.01
32.1
67.30%
6.13
6.84
9.84%
12
Avery India Ltd.
Weighing machinery
75.12
70.62
48.28
41.83
59.23%
5.11
5.69
10.41%
13
Kirloskar Ebara Pumps Ltd.
Pumps
126.37
126.83
70.84
62.76
49.48%
32.45
36.58
1.35%
14
International Combustion (India) Ltd.
Mining, construction & earth moving machinery
95.89
98.69
62.03
66.57
67.45%
19.85
18.99
3.55%
15
Rieco Industries Ltd.
Chemical machinery
16
Crane Process Flow Technologies (India) Ltd.
Industrial valves
61.41
68.25
39.66
54.85
80.37%
2.7
2.74
29.33%
55.82
72.03
34.28
46.63
64.74%
5.22
5.52
17
Premium Energy Transmission Ltd.
Gears
11.73%
225.59
275.06
133.67
168.2
61.15%
70.31
84.87
18
Mather & Platt Pumps Ltd.
0.72%
Centrifugal pumps
182.9
254.43
137.15
189.69
74.55%
18.22
27.69
2.69%
19
Anest Iwata Motherson Ltd.
Industrial valves
15.43
19.28
9.88
13.39
69.45%
14.94
15.12
4.59%
20
Navyug Krishi Sadhan Pvt. Ltd.
Agricultural implements
32.17
37.97
21.5
27.24
71.74%
1.48
1.47
48.80%
21
V S T Tillers Tractors Ltd.
Power tillers
190.55
276.54
148.65
226.02
81.73%
29.69
38.65
2.11%
22
D H P India Ltd.
Other valves
12.19
12.77
8.01
7.55
59.12%
5.51
5.71
10.35% 116.68%
23
G G Dandekar Machine Works Ltd.
Rice mill machinery
18.85
19.34
10.57
10.38
53.67%
0.5
0.46
24
Stovec Industries Ltd.
Printing machinery
31.15
48.16
22.1
31.89
66.22%
8.76
7.87
8.41%
25
Anup Engineering Ltd.
Chemical machinery
63.85
81
36.25
53.05
65.49%
3.96
14.6
4.49% 9.84%
26
Rajoo Engineers Ltd.
Rubber & plastic products machinery
27
Simplex Engineering & Foundry Works Pvt. Ltd.
Industrial machinery
44.42
51.97
35.79
38.8
74.66%
7.55
7.59
212.88
256.12
158.98
194.44
75.92%
46.1
51.57
28
Galaxy Bearings Ltd.
1.47%
Ball or roller bearings
26.2
20.83
20.66
12.78
61.35%
5.05
3.9
15.73%
48.05
70.21
40.43
49.72
70.82%
6.66
6.6
10.73%
12
13.88
5.74
9.58
69.02%
4.01
4.99
13.83%
130.25
204.73
76.97
128.51
62.77%
18.44
19.25
3.26%
44.1
48.94
32.28
34.02
69.51%
8.08
8.24
8.44%
29
Gansons Ltd.
Chemical machinery
30
Shivagrico Implements Ltd.
Agricultural implements
31
Sulzer India Ltd.
Textile (incl. jute) machinery
32
Nichrome India Ltd.
Packaging machinery
33
Bharat Pumps & Compressors Ltd.
Compressors
177.54
227.45
107.86
149.15
65.57%
7.27
16.32
4.02%
34
Pennwalt India Ltd.
Machinery used in food & beverage industries
29.88
34.21
15.48
16.78
49.05%
6.8
6.55
7.49%
35
Ferromatik Milacron India Ltd.
Injection moulding machines
165.96
178.75
110.5
118.3
66.18%
30.72
35.35
1.87%
36
Aspee Agro Equipment Pvt. Ltd.
Hand operated implements
33.21
40.3
27.4
24.97
61.96%
1.59
1.78
34.81% 17.48%
37
Orson Holdings Co. Ltd.
Industrial valves
38
N R B Bearings Ltd.
Ball or roller bearings
39
Remi Process Plant & Machinery Ltd.
Agitators & mixers
15.31
10.31
8.6
6.18
59.94%
3.08
3.43
326.85
296.76
161.52
172.39
58.09%
160.74
161.52
0.36%
23.9
15.62
17.57
13.27
84.96%
5.38
8
10.62% 6.58%
40
Kilburn Engineering Ltd.
Dryers
73.46
87.69
52.92
59.62
67.99%
8.08
10.34
41
Shanthi Gears Ltd.
Gears
245.98
257.34
126.79
126.8
49.27%
200.54
203.4
0.24%
42
Virgo Engineers Ltd.
Valves
230.82
261.82
162.21
166.27
63.51%
46.87
77.05
0.82%
43
Eaton Fluid Power Ltd.
Other valves
164.3
137.46
121.84
113.27
82.40%
23.98
21.92
3.76%
44
Shroffs Engineering Ltd.
Pumps
25.94
25.86
19.56
18.49
71.50%
3.95
3.63
19.70%
168
135.32
88.34
81.21
60.01%
38.98
39.64
1.51%
61.16
100.89
51.88
79.62
78.92%
28.71
36.49
2.16%
45
A B C Bearings Ltd.
Ball or roller bearings
46
Shakti Pumps (India) Ltd.
Pumps
47
Lokesh Machines Ltd.
General purpose machinery
110.43
75.59
33.53
20.6
27.25%
80.05
88.07
0.31%
48
American Spring & Prsg. Works Pvt. Ltd.
Agricultural implements
26.33
22.38
15.04
15.93
71.18%
0.91
5.25
13.56%
29.89
35.87
22.93
28.99
80.82%
2.35
2.11
38.30%
17.01
11.1
10.53
13.12
118.20%
0.77
0.65
181.84%
146.17
149.16
101.38
96.77
64.88%
29.8
29.96
2.17%
15.78
15.12
12.13
13.83
91.47%
1.57
1.56
58.63%
49
Kilburn Office Automation Ltd.
Franking machines
50
Alfred Herbert Ltd.
Rubber manufacturing machinery
51
G M M Pfaudler Ltd.
Chemical machinery
52
Polymechplast Machines Ltd.
Rubber & plastic products machinery
53
Fairfield Atlas Ltd.
Gears
157.08
112.7
103.55
73.21
64.96%
50.17
53.12
1.22%
54
Glass Equipment (India) Ltd.
Other industrial machinery
18.05
25.96
10.71
20.11
77.47%
8.75
7.49
10.34%
55
S N L Bearings Ltd.
Needle roller bearings
16.05
12.56
7.54
8.4
66.88%
3.86
3.66
18.27%
56
Austin Engineering Co. Ltd.
Ball or roller bearings
73.6
83.47
41.66
41.82
50.10%
14.23
16.49
3.04%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
100
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
10.99
10.19
26.77%
103.81
120.75
86.85
72.52
23.32
35.32
17.67
29.11
0.11
0.1
41.28
55.93
42.74%
88.39
86.23
79.21
60.01
61.88
55.37
14.19
14.75
0.09
0.93
39.7 41
1.88
1.98
12.77%
75.05
85.35
51.3
59.31
38.76
42.75
10.95
16.51
8.28
0.91
48.5
0.84
2.16
18.45%
70.71
64.08
45.05
87.38
44.53
37.32
3.91
4.46
3.85
2.37
49.9
13.02
9.76
26.19%
95.45
104.71
94.58
101.89
52.27
49.93
14.48
17.34
0.39
1.05
50.9
32.70%
80.14
83.1
49.9
72.36
48.53
47.32
19.98
28.76
0.06
0.28
51.2
58
20.55%
84.24
102.35
167.18
113.82
8.31
8.64
29.08
23.19
0.69
1.26
51.8
26.63
36.92
17.31%
66.64
17.14
31.33
27.24
29.48
17.98
1.95
2.24
4.15
2.8
54.6
11.6
17.11
10.75%
115.5
125.38
127.91
116.94
33.47
27.77
6.37
5.67
3.43
3.2
57.5
35.24
40.53
35.92%
77.59
98.18
105.64
76.92
66.04
69.72
24.78
22.38
12.29
14.19
68
6.63
7.16
15.01%
86.26
100.49
94.01
78.89
70.84
78.58
12.86
10.6
4.97
6.41
68
9.91
10.56
14.95%
56.08
45.42
69.17
63.69
86.48
99.08
8.38
5.96
3.58
4.47
72.2
31.41
39.27
30.96%
67.02
92.42
70.25
85.41
61.71
72.42
34.19
40.02
1.3
1.32
73.7
21.46
19.11
19.36%
73.54
89.55
92.04
76.41
66.34
61.9
13.29
11.66
15.13
21.27
76.4
3.71
3.97
5.82%
125.35
144.27
146.18
157.2
29.44
21.97
36.43
53.84
1
1.54
76.6
-0.34
6.11
8.48%
86.93
65.72
90.61
75.55
117.3
81.74
36.64
17.06
9.86
4.09
77.1
51.14
61.43
22.33%
64.71
71.4
92.8
104.27
36.92
35.31
29.77
30.28
9.43
10.02
82
18.98
28.42
11.17%
155.37
148.4
160.81
121.79
46.21
42.65
26.91
26.99
14.05
13.36
82.9
1.78
1.48
7.68%
103.33
84.65
80.72
60.09
87.99
92.17
7.63
7.92
9.7
9.72
83.4
4.51
4.18
11.01%
18.31
9.6
86.52
67.01
48.85
44.55
8.48
9.49
32.9
32
84.4
25.07
46.25
16.72%
52.14
43.9
89.22
82.36
68.42
51.33
2.75
2.89
9.65
20.65
85.2
1.92
1.93
15.11%
7.55
36.33
51.99
20.72
111.61
130.28
1.73
0.88
26.53
23.15
85.7
5.24
5.97
30.87%
1.27
4.44
55.66
55.07
102.36
107.99
18.5
18.42
13.71
18.84
86
3.99
4.62
9.59%
123.92
93.63
178.09
105.49
112.4
75.16
48.45
28.42
14.17
7.23
86.4
13.51
15.72
19.41%
57.29
85.36
43.72
94.03
54.3
53.49
92.55
112.04
17.64
4.88
86.5
4.88
5.71
10.99%
111
72.63
128.91
134.21
15.24
16.91
9.51
25.87
13.25
13.55
87.3
23.57
37.81
14.76%
61.5
85.07
73.91
82.17
70.48
55.74
49.52
34.09
11.72
4.42
87.7
1.92
1.63
7.83%
108.47
146.4
163.81
75.82
51.54
60.26
31.07
32.93
33.65
55.45
89.5
2.8
6.17
8.79%
54.37
52.7
149.5
92.35
48.38
37.61
59.07
40.71
10.68
7.87
90.8
1.62
1.85
13.33%
31.48
19.56
54.63
19.07
79.46
79.25
27.15
16.14
11.89
26.27
90.9
28.95
47.82
23.36%
44.08
29.39
107.68
114.37
86.2
64.61
35.73
29.93
5.85
8.28
91.2
2.87
5.74
11.73%
36.76
40.87
82.18
86.52
47.61
54.14
32.74
29.61
21.92
11.32
91.8
36.22
49.4
21.72%
130.73
142.29
109.6
177.93
80.9
99.79
51.21
40.87
6.4
4.1
93.5
10.14
13.58
39.70%
NA
29.17
194.68
222.68
NA
129.16
NA
20.01
NA
4.6
94.3
23.54
26.81
15.00%
38.14
37.87
89.9
79.1
97.62
102.93
28.93
32.91
1.29
0.86
94.4
4.18
4.6
11.41%
19.48
20.63
76.48
65.14
74.86
87.51
12.03
10.32
34.95
42.93
94.4
2.32
1.32
12.80%
44.63
84.44
21.25
36.99
61.29
85.4
22.47
29.22
29.83
54.84
94.8
76.16
37.91
12.77%
78.39
90.26
67.23
41.95
67.03
66.04
33.26
30.83
37.66
54.14
95
3.42
1.89
12.10%
66.9
75.62
167.23
113.9
73.9
73.45
24.64
75.59
0.37
0.34
95.6
-1.82
4.43
5.05%
96.15
79.82
198.75
156.72
31.72
34.55
76.52
60.04
9.04
7.86
96.8
96.82
106.09
41.23%
37.02
43.48
45.94
61.47
102.26
90.22
74.61
99.98
3.05
3.55
96.9
38.8
44.32
16.93%
NA
84.37
112.63
129.66
NA
68.54
NA
49.71
NA
4.96
99.7
16.59
-12.69
-9.23%
112.54
130.49
103.84
121.71
60.43
69.25
23.92
14.32
28.66
30.22
100
-0.36
0.76
2.94%
NA
82.26
103.13
94.1
NA
60.29
NA
23.04
NA
65.3
100.7
34.93
18.18
13.43%
78.29
87.43
65.62
58.41
35.81
107.82
26.85
26.63
35.96
43.72
101.2
8.13
14.91
14.78%
71.03
63.06
41.96
21.45
58.62
74.02
42.23
31.25
20.58
17.52
101.5
29.72
16.45
21.76%
91.29
144.93
90.72
121.8
37.09
62.6
160.11
282.75
16.51
21.05
102.8
3.55
2.93
13.09%
27.26
22.13
111.4
105.35
94.53
84.78
17.55
26.8
29.4
12.9
103.9
6.49
7.02
19.57%
326.57
239.6
374.68
328.77
306.51
256.58
7.07
2.68
207.6
201.04
104.1
0.99
-3.18
-28.65%
79.26
102.87
129.81
218.51
98.27
85.18
71.5
83.08
2.74
1.4
105.3
26.73
19.95
13.37%
69.87
68.77
96.48
114.38
83.69
84.77
78.19
87.32
0.76
3.37
105.4
1.56
0.94
6.22%
81.84
114.09
108.11
123.25
60.52
59.06
53.56
50.28
19.44
27.17
107
28.95
6.81
6.04%
41.77
62.71
86.64
99.15
29.31
67.62
28.39
30.86
6.12
14.32
108.7
3.5
5.33
20.53%
66.71
91.34
48.93
47.63
283.74
165.26
49.65
49.14
30.77
25.48
108.9
4.42
2.69
21.42%
83.26
104.23
47.01
65.78
103.98
126.51
61.31
88.12
32.34
44.52
109.1
12.38
13
15.57%
84.77
73.14
80.09
87.08
56.43
68.34
154.01
158.24
25.67
25.18
110.1
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
NoN eLecTrIcAL
20.71
MACHINERY
19.89 37.47
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
101
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2008
2009
85.28
110.8
65.98%
42.91
46.29
51.21
86.9
34.04
65.58
75.47%
43.14
41.58
1.81%
Injection moulding machines
104.24
86.57
91.93
64.56
74.58%
26.73
24.72
3.02%
Gears
58
N H B Ball & Roller Ltd.
Ball or roller bearings
59
L & T Plastics Machinery Ltd.
2009
Fixed Asset Turnover Ratio (FATR)
167.93
Flender Ltd. [Merged]
2008
Net Fixed Assets (Rs Crore)
136.31
57
2009
COGS/ 2009 Net Sales
2009 1.43%
60
Rieter-LMW Machinery Ltd.
Textile spinning machines
147.52
94.72
113.5
69.44
73.31%
43.78
46.47
1.58%
61
Swiss Glascoat Equipments Ltd.
Other chemical machinery
41.4
42.16
25.76
36.98
87.71%
13.4
13.82
6.35%
62
Belliss India Ltd.
Steam turbines
24.4
20.29
17.61
13.52
66.63%
2.93
2.48
26.87%
63
Veejay Lakshmi Engg. Works Ltd.
Textile (incl. jute) machinery
79.27
34.93
58.71
29.47
84.37%
45.4
41.85
2.02%
64
Bharat Heavy Plate & Vessels Ltd.
Chemical machinery
167.53
80.93
128.03
80.35
99.28%
13.47
5.23
18.98% 16.29%
65
Lakshmi Automatic Loom Works Ltd.
Textile (incl. jute) machinery
66
U T Ltd.
Gears
67
Lagan Engineering Co. Ltd.
Textile (incl. jute) machinery
23.18
11.77
13.6
7.86
66.78%
4.44
4.1
104.22
78.66
83.8
67.62
85.96%
25.05
23.14
3.71%
25.1
12.6
18.59
14.32
113.65%
9.42
8.99
12.64%
206.5
220.16
191.81
205.42
93.30%
24.65
23.91
3.90%
17.95
21.35
16.06
17.65
82.67%
0.87
0.89
92.89%
40.27
59.5
32.97
51.72
86.92%
2.5
3.5
24.84%
7.39
13.9
5.03
6.82
49.06%
1.31
1.15
42.66%
non-Ferrous MetAls 1
Hind Aluminium Inds. Ltd.
Aluminium bars & rods
2
Green Pack Foils Pvt. Ltd.
Aluminium foils
3
Gravita India Ltd.
Lead, refined
4
Solar Components Pvt. Ltd.
Copper tubes & pipes
5
Light Alloy Products Ltd.
Aluminium castings
51.46
42.91
21.8
19.67
45.84%
29.3
33.25
1.38%
6
Century Extrusions Ltd.
Other aluminium products
101.56
99.37
87.92
82.88
83.41%
7.25
14.14
5.90%
7
Man Aluminium Ltd.
Other aluminium structures
40.29
41.87
36.29
36.2
86.46%
10.64
11.04
7.83%
8
Baroda Extrusion Ltd.
Copper products
20.29
26.9
16.2
24.48
91.00%
1.99
1.84
49.46%
9
Hindustan Tin Works Ltd.
Tin container
185.8
244.32
171.76
208.79
85.46%
40.35
53.18
1.61%
10
Blue Precision Ltd.
Aluminium
43.68
40.76
38.8
40.35
98.99%
7.45
7.52
13.16% 5.40%
11
Chloride Metals Ltd.
Lead
62.43
152.76
53.5
136.8
89.55%
12.9
16.58
12
P G Foils Ltd.
Aluminium foils
179.74
170.5
148.18
142.13
83.36%
7.84
20.73
4.02%
13
Maharashtra Metal Powders Ltd.
Aluminium powders, flakes & paste
27.53
41.72
25.57
33
79.10%
11.37
11.6
6.82%
14
Sudal Industries Ltd.
Other aluminium products
68.26
70.75
55.29
60.04
84.86%
14.81
15.78
5.38%
15
Sacheta Metals Ltd.
Aluminium kitchen ware
29.06
37.55
24.36
30.56
81.38%
6.03
5.77
14.10%
16
Lap-Ross Engineering Ltd.
Aluminium castings
24.67
30.13
8.28
9.64
31.99%
11.32
9.91
3.23%
17
Nissan Copper Ltd.
Copper products
129.63
134.54
114.05
112.72
83.78%
30.57
27.79
3.01%
18
Alumeco India Extrusion Ltd.
Other aluminium products
126.21
102.89
114.8
102.15
99.28%
10.13
9.97
9.96%
19
Arcotech Ltd.
Non-ferrous metals
27.61
46.67
27.64
43.5
93.21%
14.46
16.17
5.76%
20
Alom Extrusions Ltd.
Aluminium structures
80.72
131.81
73.79
120.24
91.22%
19.18
46.74
1.95%
21
Shetron Ltd.
Tin
106.46
121.56
77.76
91.57
75.33%
71.27
74.59
1.01%
22
India Foils Ltd.
Aluminium foils
169.02
33.77
154.57
81.7
241.93%
132.93
60.47
4.00%
103.22
104.43
80.59
85.95
82.30%
11.27
7.28
11.31%
16.37
24.56
14.63
13.98
56.92%
20.52
21.13
2.69%
23
Multimetals Ltd.
Copper tubes & pipes
24
Rane Diecast Ltd.
Aluminium castings
25
Oriental Containers Ltd.
Tin container
126.03
165.55
91.05
102.96
62.19%
85.18
109.04
0.57%
26
Alcobex Metals Ltd.
Copper tubes & pipes
108.52
60.29
88.42
38.33
63.58%
15.55
14.18
4.48%
27
Sova Ispat Alloys (Mega Projects) Ltd.
Manganese
31.76
39.73
25.79
39.23
98.74%
22.12
21.43
4.61%
28
Gujarat Foils Ltd.
Aluminium foils
83.47
74.55
87.57
71.1
95.37%
5.67
32.85
2.90%
29
Rapicut Carbides Ltd.
Tungsten
30
Kaira Can Co. Ltd.
Tin container
17.56
16.98
15.09
12.62
74.32%
1.31
1.32
56.31%
165.87
112.13
135.14
62.69
55.91%
9.24
8.65
31
Phoenix Mecano (India) Ltd.
6.46%
Other aluminium products
31.03
43.07
23.75
37.32
86.65%
10.87
16.85
32
5.14%
Shalimar Wires Industries Ltd.
Copper wire
67.65
73.35
31.79
32.81
44.73%
61.89
55.84
0.80%
33
Bhoruka Aluminium Ltd.
Other aluminium products
147.76
116.22
121.69
96.52
83.05%
23.48
53.89
1.54%
34
Indo Alusys Inds. Ltd.
Other aluminium products
145.17
153.18
122.24
135.28
88.31%
135.49
131.39
0.67%
35
Binani Zinc Ltd.
Zinc, unwrought
480.66
284.18
410.48
220.83
77.71%
87.47
94.83
0.82%
PAPer, BooK AnD cArDs 1
Greenland Paper Mills Ltd.
Kraft paper & paperboard
12.11
13.44
10.32
11.67
86.83%
1.74
1.56
55.66%
2
Rama Paper Mills Ltd.
Writing, printing paper
84.57
107.01
56.59
77.1
72.05%
70.12
84.75
0.85%
3
Gramox Paper & Boards Ltd.
Paper, newsprint & paper board
63.62
79.26
48.98
61.82
78.00%
9.44
8.79
8.87%
4
Meenakshi Paper Mills Pvt. Ltd.
Kraft paper & paperboard
7.72
10.18
6.34
6.94
68.17%
1.41
1.3
52.44% 2.86%
5
Madhyadesh Papers Ltd.
Newsprint
41.1
51.02
30.24
40.23
78.85%
29.74
27.6
6
Siddheshwari Paper Udyog Ltd.
Kraft paper & paperboard
37.64
44.86
20.21
25.85
57.62%
16.14
16.42
3.51%
7
Repro India Ltd.
Printed books, brochures
152.93
239.37
89.88
137.82
57.58%
85.67
130.94
0.44%
8
Best Paper Mills Pvt. Ltd.
Kraft paper & paperboard
137.57
154.63
114.18
127.35
82.36%
34.61
38.38
2.15%
9
Modinagar Paper Mills Ltd.
Kraft paper & paperboard
26.44
28.56
21.94
23.72
83.05%
5.25
8.7
9.55%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
102
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies
2008
PBDITA/2009 Net Sales
2009
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
33.14
28.82
17.16%
55.48
49.83
132.68
124.51
86.22
108.29
46.98
36.54
6.8
3.87
6.36
10.15
11.68%
NA
104.56
161.4
227.88
NA
105.74
NA
21.84
NA
21.46
110.2 113.7
-11.61
0.14
0.16%
NA
82.62
138
172.62
NA
167.36
NA
42.4
NA
0.64
115.2
10.27
-6.05
-6.39%
21.03
3.94
93.5
22.26
78.7
110.47
32.4
30.35
9.58
8.63
116.1
6.17
5.8
13.76%
56.31
54.63
101.28
79.35
107.52
79.99
74.34
112.29
5.35
13.95
120.1 122.7
1.11
1.6
7.89%
82.82
87.28
242.59
280.82
248.07
321.99
61.05
96.85
6.47
7.5
7.26
-6.64
-19.01%
10.94
27.03
72.8
66.57
57.72
162.2
119.2
247.68
3.59
0.49
123
-47.97
-113.85
-140.68%
212.53
535.83
355.11
396.91
112.44
242.77
36.78
74.32
16
12.33
127.4
1.19
-1.8
-15.29%
44.4
73.38
299.44
420.22
120.03
195.13
50.89
62.2
16.25
15.29
134
0.64
-2.89
-3.67%
61.63
89.75
120.56
165.98
241.5
212.43
116.09
123.29
3.42
9.1
136.6
2.17
0.51
4.05%
2.19
4.79
97.59
173.83
151.37
241.37
45
176.61
16.65
26.83
158.7
9.86
7.22
3.28%
41.21
37.76
30.64
18.75
3.64
1.43
2.97
4.24
2.37
2.31
29
1.1
2.12
9.93%
92.66
103.38
60.9
47.33
30.94
24.33
20.38
16.17
0.9
1.4
29.9
3.73
4.6
7.73%
52.62
30.79
51.91
58.96
18.16
22.49
0.06
0.17
7.05
5.01
31.4
1
2
14.39%
90.4
66.82
21.64
44.07
66.19
54.81
9.54
4.93
19.68
8.33
32.8
16.7
13.57
31.62%
55.53
54.25
71.91
33.05
49.63
56.95
14.97
14.68
1.13
0.05
38.8
7.54
7.09
7.13%
37.02
38.42
23.65
35.88
16.15
37.62
16.21
14.07
2.92
2.82
39.5
3.76
2.51
5.99%
68.33
47.62
38.31
24.52
7.96
10.4
18.18
10.26
7.93
13.1
39.9
1.2
0.53
1.97%
38.56
60.01
91.38
74.04
13.06
9.07
51.44
16.92
10.03
3.91
41.1
15.24
21.14
8.65%
93.87
85.43
50.28
67.44
27.27
27.49
9.8
6.89
8.05
11.62
41.5
3.31
-2.65
-6.50%
NA
35.22
2.7
5.77
NA
59.14
NA
4.45
NA
4.43
42
3.34
9.12
5.97%
7.1
2.91
70.32
7.63
73.96
44.34
11.13
2.69
22.1
9.35
42.7
14.8
1.34
0.79%
72.71
79.64
22.53
28.73
49.6
48.3
8.57
5.23
9.09
12.72
42.9
1.2
3.65
8.75%
72.31
56.86
30.68
38.72
49.89
40.7
3.47
5.01
58.63
48.06
43.4
9.37%
52.29
72.39
71.83
131.93
51.6
62.36
12.67
11.47
0.37
0.27
46.3
2.34
6.23%
23.85
25.1
94.54
36.08
97.46
81.41
7.84
5.84
7.14
7.68
47.5
9.73
10.43
34.62%
69.33
67.76
74.06
75.95
141.37
110.75
15.17
9.12
5.58
6.99
47.6
16.87
13.47
10.01%
82.16
120.93
74.3
62.84
26.98
40.15
33.22
26.39
10.03
12.47
48.6
4.48
-3.83
-3.72%
20.39
20.26
56.9
85.02
38.43
44.7
3.06
7.39
0.59
1
49.6
2.16
2.92
6.26%
15.98
24.59
61.73
45.51
7.26
5.3
89.27
70.92
4.27
7.1
49.8
3.82
2.29
1.74%
28.03
21.67
50.18
47.17
17.72
15.25
12.3
13.11
9.73
6.9
49.9
18.87
17.96
14.77%
52.98
52.67
77.83
51.49
122.05
97.93
31.18
26.18
2.2
1.26
50.6
-4.38
-80.7
-238.97%
80.31
99
143.14
67.84
28.46
43.69
6.78
10.36
9.9
7.28
50.8
11.18
10.45
10.01%
50.69
43.98
77.43
23.83
29.3
43.44
77.92
66.47
11.25
19.24
51.7
-0.57
-1.93
-7.86%
84.71
63.72
152.7
72.46
56.47
55.05
8
4.74
58.88
43.69
54.4
8.17
17.17
10.37%
84.67
72.84
100.09
101.68
69.5
53.67
16.37
11.08
22.28
18.07
54.5
-10.89
-7.33
-12.16%
57.66
72.83
96.44
137.65
27.14
36.76
52.02
39.88
11.22
9.87
55.4
5.66
5.82
14.65%
1.14
3.49
153.58
46.23
68.31
105.01
0.21
0.3
1.11
15.26
55.4
4.17
3.86
5.18%
51.27
80.62
92.12
91.55
27.47
21.19
16.01
13.02
34.94
53.35
56.6
2.33
2.23
13.13%
53.59
57.68
18.77
26.13
51.4
64.03
48.37
78.87
50.56
29.85
57
5.41
3.34
2.98%
16.61
22.62
52.16
53.57
31.94
23.6
87.73
64.14
20.43
20.08
57.5 60.5
2.71
3.01
6.99%
51.82
59.21
126.49
104.46
130.28
102.71
6.14
17.2
5.88
5.8
22.05
-19.65
-26.79%
246.48
167.18
398.14
261.59
153.08
128.75
206.91
184.59
5.12
5.62
65.1
16.64
8.63
7.43%
28.81
43.06
49.84
83.2
38.56
56.64
20.05
28.9
9.64
14.14
65.2
4.55%
37.68
30.36
70.88
54.36
45.27
57.61
6.34
7.54
26.45
22.87
65.2
11.5
4.05%
0.88
0.02
58.46
91.93
86.51
72.95
2.78
7.24
9.86
16.08
66.9
65.9
0.79
0.89
6.62%
64.98
60.33
33.61
23.09
31.17
35.87
0.53
0.31
4.7
2.89
15.67
14.4
13.46%
111.28
104.33
66.49
58.94
46.88
31.08
1.83
1.49
4.67
4.38
79
6.98
10.17
12.83%
NA
16.4
20.94
22.54
NA
24.13
NA
0.37
NA
7.13
79.9 79.9
1.01
1
9.82%
75.77
69.11
16.06
12.79
70.86
22.37
2.16
1.4
37.16
18.71
6.08
5.49
10.76%
102.63
56.54
44.67
44.78
80.02
57.41
0.46
0.39
0.76
0.65
80.1
7.42
6.48
14.44%
60.77
59.96
12.66
11.36
93.45
82.37
0.7
0.65
5.97
4.1
82.2
29.1
35.69
14.91%
115.07
107.48
44.68
80.99
54.29
38.15
0.53
3.22
2.07
0.78
83.2
9.99
11.63
7.52%
NA
56.74
50.96
29.29
NA
51.89
NA
0.18
NA
2.91
84.2
1.56
2.04
7.14%
53.78
66.46
90.63
66.3
31.99
29.09
0.97
0.45
8.7
6.35
84.2
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
PAPer,
6.97
BOOK & CARDS
8.53 23.97
NoN ferrouS
6.63
1.63
METALS
6.47
NoN eLecTrIcAL
PBDITA (Rs Crore)
MACHINERY
Working Capital CyCle
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
103
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
10
K C L Ltd.
Cartons, boxes, cases
61.67
81.01
44.59
57.71
71.24%
33.92
32.22
2009 2.21%
11
Nice Papers Ltd.
Kraft paper & paperboard
14.46
15.59
12.37
14.05
90.12%
3.41
3.22
27.99%
12
Craft Corner Paper Mills Ltd.
Kraft paper & paperboard
22.63
25.74
20.3
23.08
89.67%
2.86
2.3
38.99%
13
Parijat Paper Mills Ltd.
Kraft paper & paperboard
16.18
17.87
14.48
15.41
86.23%
4.77
5.11
16.88%
14
Infomedia 18 Ltd.
Printed books, newspapers
146.08
134.08
70.92
90.1
67.20%
22.85
23.61
2.85%
15
Sree Sakthi Paper Mills Ltd.
Paper & paperboard, corrugated, crepped, embossed
107.89
137.82
81.11
106.97
77.62%
42.94
47.73
1.63%
16
Bindlas Duplux Ltd.
Kraft paper & paperboard
40.37
57.77
19.34
33.25
57.56%
29.33
28.34
2.03%
17
Dev Priya Inds. Ltd.
Kraft paper & paperboard
50.02
62.83
42.09
50.85
80.93%
10.26
44.69
1.81%
18
Aryan Paper Mills Ltd.
Kraft paper & paperboard
44.83
44.78
38.62
38.93
86.94%
8.34
8.15
10.67%
19
Perfectpac Ltd.
Cartons, boxes, cases
71.33
74.1
59.36
61.31
82.74%
14.6
14.74
5.61%
20
Dev Priya Product Ltd.
Kraft paper & paperboard
99.89
123.52
69.58
89.55
72.50%
26.11
29.93
2.42%
21
Gampa Alcoates Ltd.
Cigarette paper
12.85
15.84
7.5
9.22
58.21%
3.61
3.08
18.90%
22
Gaurav Paper Mills Ltd.
Writing, printing paper
17.81
21.81
14.53
18.36
84.18%
14.69
14.04
6.00%
23
U V Boards Ltd.
Plywood
13.76
14.91
7.41
10.51
70.49%
8.22
8.63
8.17%
24
Lodha Offset Ltd.
Registers, account books, note books
9.15
10.22
6.87
8.73
85.42%
3.38
3.24
26.36%
25
Sidharth Papers Ltd.
Paper
75.22
163.43
49.73
101.2
61.92%
81.7
73.5
0.84%
26
Magnum Ventures Ltd.
Paper
85.17
114.03
40.86
45.03
39.49%
193.5
320.15
0.12%
27
South India Paper Mills Ltd.
Kraft paper & paperboard
122.61
126.7
86.52
99.08
78.20%
54.17
61.68
1.27%
28
Shakumbhri Straw Products Ltd.
Kraft paper & paperboard
159.98
223.82
113.87
155.69
69.56%
119.79
112.11
0.62%
29
Shree Rajeshwaranand Paper Mills Ltd.
Writing, printing paper
30
Shreyans Industries Ltd.
Paper
38.11
56.12
34.38
40
71.28%
18.67
19.42
3.67%
218.91
258.56
164.81
188.17
72.78%
85.51
106.88
0.68%
31
General Metallisers Ltd.
Cigarette paper
27.71
23.22
23.33
20.32
87.51%
14.47
13.81
6.34%
32
Rainbow Papers Ltd.
Kraft paper & paperboard
166.59
229.34
97.23
140.35
61.20%
217.85
338.63
0.18%
33
Vamshadhara Paper Mills Ltd.
Kraft paper & paperboard
26.99
37.54
22.47
32.1
85.51%
24.8
29.34
2.91%
34
Sangal Papers Ltd.
Writing, printing paper
35.93
58.49
27.65
45.04
77.00%
21.56
20.72
3.72%
35
Ruby Macons Ltd.
Kraft paper & paperboard
213.77
259.32
168.16
206.27
79.54%
80.17
81.55
0.98%
36
Safepack Industries Ltd.
Cartons, boxes, cases
12.23
15.01
9.42
11.2
74.62%
19.27
18.99
3.93%
37
Shree Ajit Pulp & Paper Ltd.
Kraft paper & paperboard
56.63
60.09
46.15
49.92
83.08%
19.88
39.23
2.12%
38
Remco Paper & Board Inds. Ltd.
Kraft paper & paperboard
32.5
25.8
27.45
21.48
83.26%
10.44
10.81
7.70%
29.73
34.03
22.89
25.8
75.82%
6.71
9.36
8.10%
6.6
10.66
3.46
6.55
61.44%
4.12
3.62
16.97%
39
Nachiketa Papers Ltd.
Paper
40
Deoria Paper Mills Ltd.
Kraft paper & paperboard
41
Satia Industries Ltd.
Writing, printing paper
176.29
211.75
129.83
147.15
69.49%
90.17
109.06
0.64%
42
Parksons Packaging Ltd.
Cartons, boxes, cases
117.8
150.57
79.61
104.04
69.10%
135.21
147.6
0.47%
43
Surya Chandra Paper Mills Ltd.
Writing, printing paper
26.76
41.02
23.09
34.5
84.11%
23.42
23.29
3.61%
44
Ajanta Paper & General Products Ltd.
Paper
49.66
57.73
41.07
48.96
84.81%
28.9
27.43
3.09%
45
Pudumjee Industries Ltd.
Paper
101.36
101.33
82.84
72.78
71.82%
12.92
14.27
5.03%
46
Malu Paper Mills Ltd.
Newsprint
57.36
147.94
48.51
125.06
84.53%
98.78
93.18
0.91%
47
T C P L Packaging Ltd.
Other printed matter
120.05
160
75.29
104.83
65.52%
95.51
91.76
0.71%
48
Agarwal Duplex Board Mills Ltd.
Other paper, paperboard products
34.24
38.09
21.22
25.75
67.60%
17.86
17.46
3.87%
49
Nuchem Ltd.
Boards of woods
136.92
205.72
77.18
104.42
50.76%
30.3
23.11
2.20%
50
Genus Paper Products Ltd.
Other packaging paper
78.01
94.38
63.26
73.72
78.11%
110.66
110.85
0.70%
51
Kalptaru Papers Ltd.
Newsprint
37.83
52.61
25.9
45.13
85.78%
34.79
39.85
2.15%
52
Madhya Bharat Papers Ltd.
Paper
51.96
56.21
25.5
27.44
48.82%
32.38
31.94
1.53% 15.68%
53
Shree Karthik Papers Ltd.
Paper
19.15
17.41
13.77
12.04
69.16%
4.04
4.41
54
Sainsons Paper Inds. Ltd.
Writing, printing paper
38.97
45.9
27.4
33.61
73.22%
24.94
34.17
2.14%
55
Sudhir Papers Ltd.
Paper
31.63
37.68
30.12
32.28
85.67%
3.53
3.93
21.80%
56
Enexco Teknologies India Ltd.
Stationery
112.98
173.24
101.56
128.43
74.13%
31.2
34.92
2.12%
57
Shree Krishna Paper Mills & Inds. Ltd.
Paper
99.08
127.72
84.16
107.9
84.48%
43.4
39.45
2.14%
58
Ellora Paper Mills Ltd.
Writing, printing paper
37.4
55.94
31.04
49.18
87.92%
17.41
18.05
4.87% 17.06%
59
Shree Sita Ram Paper Mills Ltd.
Kraft paper & paperboard
25.13
24.49
21.28
21.69
88.57%
5.44
5.19
60
Agio Paper & Inds. Ltd.
Paper
33.82
35.07
16.46
15.11
43.09%
25.88
34.47
1.25%
61
Mohit Paper Mills Ltd.
Paper
47.72
54.36
24.77
28.61
52.63%
18.8
23
2.29%
62
Polymer Papers Ltd.
Other paper, paperboard products
15.65%
63
Khatema Fibres Ltd.
Kraft paper & paperboard
64
Sarda Papers Ltd.
Paper tarred, plastic coated
65
Ruchira Papers Ltd.
66
Feroke Boards Ltd.
17.38
15.03
15.42
12.63
84.03%
5.64
5.37
109.43
124.91
88.9
109.84
87.94%
70.96
64.86
1.36%
7.54
14.45
7.71
13.36
92.46%
3.59
3.14
29.44%
Paper
83.82
162.27
62.87
138.76
85.51%
161.33
188.62
0.45%
Plywood
18.55
18.14
13.4
14.77
81.42%
3.18
3.32
24.52%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
104
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
8.68
11.98
14.79%
44.85
38
25.32
26.35
10.71
12.29
4.49
3.5
5.12
4.03
0.69
0.27
1.73%
44.12
44.11
22.24
24.22
22.46
13.74
1.42
1.27
5.93
4.75
84.5 86.9
0.97
0.86
3.34%
32.58
35.6
25.77
30.26
42.66
41.05
0.99
1.02
1.43
1.87
88.6 89.4
2.74%
80.79
62.65
112.68
88.61
32.07
15.27
0.36
0.11
8.72
6.39
-31.12%
98.62
121.23
64.6
132.07
70.92
50.66
1.48
0.74
2.08
1.23
90.1
12.05
12.38
8.98%
53.57
53.68
48.73
46.92
30.74
36.25
3.02
3.23
2.9
0.58
92.6
6.24
6.99
12.10%
87.98
80.56
63.45
100.91
58.72
50.34
1.21
0.88
6.67
5.84
92.8
3.76
4.76
7.58%
44.21
54.25
33.21
48.45
64.26
44.27
0.32
0.26
5.5
4.16
94.2
3.12
2.55
5.69%
NA
67.89
58.33
61.53
NA
37.39
NA
0.09
NA
8.42
94.3
3.78
3.92
5.29%
45.96
41.18
44.37
42.55
21.77
18.86
5.15
3
4.24
3.99
96.2
8.77
9.92
8.03%
48.36
53.5
43.9
43.78
53.21
43.76
0.95
0.87
6.61
7.38
96.8
3
3.81
24.05%
21.48
26.42
12.51
21.81
87.07
41.7
2.94
4.66
17.44
6.65
98.1
1.05
1.09
5.00%
55.56
40.7
78.53
74.48
20.54
17.42
2.27
0.94
4.37
5.78
99.7
2.36
2
13.41%
18.31
39.87
28.82
17.38
45.22
55.74
11.44
10.17
7.56
1.63
100.3
0.78
0.97
9.49%
97.33
98.86
52.41
16.95
40.25
27.94
15.08
16.86
12.89
10.55
102
17.69
23.99
14.68%
56.15
62.37
51.28
43.29
76.46
56.72
1.05
1.02
11.55
7.91
102.2
27.49
27.93
24.49%
122.74
116.82
48.74
75.78
45.8
35.52
2
1.58
17.27
14.52
102.5
19.36
16.8
13.26%
51.62
54.7
43.86
37.14
47.41
41.91
0.94
1.26
6.35
9.04
102.5
18.95
26.91
12.02%
61.37
59.15
42.76
36.46
86.44
71.11
1.74
1.79
2.51
1.89
103
5
5.97
10.64%
80.26
64.75
32.01
19.87
33.74
43.87
2.4
1.48
23.35
19.56
104.5
32.25
40.2
15.55%
47.82
39.68
63.21
56.92
52.41
56.28
3.29
2.8
1.78
1.58
108.9
3.08
1.78
7.67%
NA
32.52
21.38
45.02
NA
33.83
NA
6.69
NA
0.71
109.2
34.81
49.86
21.74%
40.92
39.61
120.12
85.28
41.89
51.66
1.65
2.17
1.63
1.62
109.6
1.25
2.04
5.43%
74.23
66.88
71.83
74.2
47.12
43.19
0.78
1.12
8.02
6.02
109.9
3.97
5.41
9.25%
75.96
58.47
85.22
77.5
56.02
52.94
1.36
1.03
7.62
6.39
110.6
23.81
26.95
10.39%
NA
38.34
48.68
34.07
NA
44.79
NA
3.69
NA
1.97
110.8
1.39
1.81
12.06%
82.91
85.74
83.18
64.76
56.89
66.2
46.61
49.28
0.54
0.34
113.9
5.77
5.65
9.40%
26.4
13.71
52.94
47.37
65.63
72.82
0.08
0.07
4.57
2.55
113.9 114.4
1.41
0.61
2.36%
68.55
78.4
81.4
80.11
38.55
43.05
4.35
4.46
3.44
3.88
2.01
2.48
7.29%
NA
56.1
61.88
82.39
NA
53.42
NA
1.5
NA
5.51
116
0.36
0.68
6.38%
21.39
21.9
35.07
54.28
100.77
58.33
2
1.45
11.96
5.23
116.3
21.42
28.4
13.41%
39.3
35.6
93.46
110.34
45.06
39.84
3.68
2.85
2.76
2.82
116.3
22.76
15.69
10.42%
NA
60.76
35.24
29.4
NA
61.71
NA
38.74
NA
0.53
117.2
0.08
4.71
11.48%
62.14
62.03
90.6
78.89
58.18
53.38
3.92
2.99
7.77
4.74
117.6
2.52
2.11
3.65%
39.86
40.23
81.59
78.48
32.84
28.49
1.03
0.9
9.02
9.49
117.6
8.3
7.24
7.14%
51.45
52.82
42.24
49.26
61.12
60.89
0.96
0.67
16.82
11.59
120.2 121.6
7.69
15.21
10.28%
48.42
36.2
66.71
57.51
98.09
46.11
1.43
0.92
7.54
7.42
19.21
24.09
15.06%
45.61
44.27
77.19
59.49
57.58
55.35
8.45
10.77
4.9
3.53
123
3.77
4.45
11.68%
82.21
104.79
109.64
125.66
143.64
62.07
1.88
1.8
7.97
9.63
123.4
2.28
16.41
7.98%
65.65
53.37
139.68
108.38
38.76
32.3
130.58
81.08
4.18
2.79
123.7
11.27
16.76
17.76%
63.85
69.56
31.67
47.98
138.96
132.69
0.54
0.58
10.6
9.8
124.3
5.69
1.84
3.50%
62.4
55.33
57.51
107.36
48.69
43.49
0.24
0.15
3.99
9.16
124.5
7.07
4.49
7.99%
NA
16.81
35.26
44.9
NA
60.77
NA
1.07
NA
7.8
127.2
3.9
2.56
14.70%
101.64
144.61
61.76
65.39
63.79
87.07
28.73
22.59
9.03
7.44
128.7 129.8
8.15
8.26
18.00%
51.8
42.53
28.88
31.89
126.59
131.05
7.06
6.43
3.79
3.73
0.82
0.99
2.63%
29.46
24.36
31.2
21.62
47.37
31.91
7.04
5.3
14.48
11.56
131.3
8.45
15.93
9.20%
NA
74.3
129.35
82.5
NA
3.4
NA
11.46
NA
20.41
133.7 140.2
0.18
8.93
6.99%
13.39
17.03
44.82
51.2
39.94
34.63
2.37
2.33
7.72
11.92
2.83
1.74
3.11%
57.77
39.88
49.16
22.04
64.92
53.3
9.23
5.41
8.76
8.48
141
2.54
2.2
8.98%
54.34
61.35
35.23
42.98
84.56
71.06
3.6
3.23
7.8
15.45
142.4
6.19
3.69
10.52%
25.22
18.71
42.41
44.12
57.76
51.46
6.23
3.77
23.92
17.47
143.7
4.7
5.73
10.54%
22.2
29
57.48
61.66
109.95
114.77
4.47
4.46
3.13
4.46
144.2
-0.56
0.04
0.27%
76.71
76.07
78.55
84.11
31.82
31.74
16.24
21.91
13.9
16.28
144.2
13.21
-2.78
-2.23%
60.27
84.44
29.01
30.17
160.18
69.29
9.5
9.03
9.37
7.77
147.6
-1.25
-0.34
-2.35%
32.31
17.56
191.43
121.59
56.05
23.54
5.05
1.84
28.69
13.29
148.1
14.02
15.99
9.85%
50.27
34.98
55.8
72.33
51.75
46.53
6.93
4.58
4.63
6.22
148.3
1.27
1.11
6.12%
40.15
41.1
38.5
41.34
38.7
39.47
66.56
54.81
10.81
20.81
148.4
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
PAPer
0.49 -41.72
& wOOD PrODucTs
0.47 5.69
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
105
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
67
Delta Paper Mills Ltd.
Paper
68
B & A Multiwall Packaging Ltd.
Paper products
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
132.34
155.55
74.28
97.79
62.87%
85.7
90.52
2009 0.69%
16.82
19.82
14.31
15.97
80.58%
3.18
3.37
23.91%
69
Novopan Industries Ltd.
Particle boards
80.61
77.19
50.79
65.66
85.06%
43.62
68.08
1.25%
70
Cochin Kagaz Ltd.
Kraft paper & paperboard
28.22
30.19
22.2
26.18
86.72%
20.22
23.28
3.72%
71
Jolly Board Ltd.
Particle boards
58.68
123.99
26.09
27.85
22.46%
59.48
78.89
0.28%
72
Yash Papers Ltd.
Kraft paper & paperboard
52.57
84.04
33.53
46.63
55.49%
114.32
108.24
0.51%
73
Pudumjee Pulp & Paper Mills Ltd.
Paper
222.6
224.42
174.42
165.44
73.72%
127.28
119.98
0.61%
74
Purity Flex Pack Ltd.
Paper tarred, plastic coated
16.52
19.02
15.47
14.92
78.44%
5.44
6.24
12.57%
75
Sun Paper Mill Ltd.
Paper
80.47
68.98
50.52
52.43
76.01%
33.71
31.51
2.41%
76
Sundaram Multi Pap Ltd.
Registers, account books, note books
111.49
130.66
88.36
100.55
76.96%
80.13
87.55
0.88%
77
Shree Bhawani Paper Mills Ltd.
Writing, printing paper
36.41
124.81
25.43
87.14
69.82%
92.54
95.3
0.73%
78
Ganga Papers India Ltd.
Kraft paper & paperboard
23.36
39.19
21.13
33.13
84.54%
15.75
6.38
13.25%
79
Mangalam Timber Products Ltd.
Boards of woods
61.78
71.17
54.06
55.42
77.87%
18.26
21.69
3.59%
80
Hanuman Agro Inds. Ltd.
Paper
37.01
40.74
26.46
31.73
77.88%
18.57
17.21
4.53%
81
Well Pack Papers & Containers Ltd.
Kraft paper & paperboard
16.47
21.05
13.69
18.12
86.08%
7.95
18.01
4.78%
82
P C I Papers Ltd.
Paper & paperboard, coated with china clay/kaolin
22.06
23.52
18.27
19.3
82.06%
3.68
3.56
23.05%
155.43
165.88
63.16
63.26
38.14%
33.33
29.01
1.31%
34.3
33.14
26.61
30.93
93.33%
9.65
11.33
8.24% 1.06%
83
M P S Ltd.
Printed books, brochures
84
Supreme Paper Mills Ltd.
Paper
85
Archies Ltd.
Greeting card
118.89
139.12
73.84
71.14
51.14%
44.35
48.43
86
Ecoboard Industries Ltd.
Particle boards
61.29
63.47
27.35
40.88
64.41%
49.83
45.66
1.41%
87
Rollatainers Ltd.
Cartons, boxes, cases
38.68
48.39
45.66
43.7
90.31%
23.9
32.13
2.81%
88
Western India Plywoods Ltd.
Plywood
75.38
87.46
45.58
52.8
60.37%
41.51
37.36
1.62%
89
Kitply Industries Ltd.
Plywood
33.77
92.59
31.43
91.48
98.80%
570.86
186.96
0.53% 2.76%
90
Speciality Papers Ltd.
Kraft paper & paperboard
72.84
105.07
65.02
102.95
97.98%
37.14
35.45
91
Uniply Industries Ltd.
Plywood
103.25
84.73
90.67
62.68
73.98%
33.27
38.44
1.92%
92
Sai Rayalseema Paper Mills Ltd.
Writing, printing paper
49.76
68.14
46.6
61.7
90.55%
694.11
704.18
0.13%
93
Victory Paper & Boards (India) Ltd.
Paper
11.59
12.43
10.81
8.43
67.82%
11.01
11.1
6.11%
PetroleuM ProDucts 1
K L J Organic Ltd.
Paraffins incl. paraffin wax
79.41
118.03
64.24
91.68
77.68%
9.81
12.11
6.41%
2
Universal Petrochemicals Ltd.
Lube oils & lubricants
33.7
23.13
23.3
16.63
71.90%
9.02
8.29
8.67%
3
Powerlink Oil Refinery Ltd.
Transformer oil
6.01
15.58
5.23
15.8
101.41%
0.56
0.77
131.70%
4
Paras Lubricants Ltd.
Lube oils & lubricants
16.66
26.88
11.21
23.84
88.69%
2.15
2.09
42.44%
5
Southern Refineries Ltd.
Lube oils & lubricants
11.17
11.96
8.84
9.03
75.50%
3.21
3.18
23.74%
POLYMERS & PLASTICS PRODUCTS 1
Mahindra Composites Ltd.
Other articles of plastics
32.12
42.87
23.38
31.7
73.94%
7.44
7.97
9.28%
2
Integrated Thermoplastics Ltd.
Tubes, pipes & hoses, flexible
58.12
62.24
51.38
56.02
90.01%
3.19
2.91
30.93% 91.88%
3
Pragati Chemicals Ltd.
Amino/phenolic resins & polyurethanes
15.5
17.25
11.8
13.63
79.01%
0.72
0.86
4
Shivalik Agro Poly Products Ltd.
Biaxially oriented polypropylene (BOPP) film
53.09
72.49
39.27
52.27
72.11%
8.72
11.62
6.21%
5
Ganpati Plastfab Ltd.
Sacks & bags of polyethylene
31.75
39.38
27.13
31.03
78.80%
5.08
5.47
14.41% 6.66%
6
Ashok Polymers Ltd.
Sacks & bags of polyethylene
58.4
68.09
50.39
56.96
83.65%
9.5
12.57
7
Axiom Impex Intl. Ltd.
Plastic Products
129.66
223.42
108.16
174.68
78.18%
39.2
129.04
0.61%
8
Hitech Plast Ltd.
Reservoirs, tanks
106.86
135.6
74.84
96.62
71.25%
17.41
23.35
3.05% 70.29%
9
Gujarat Polybutenes Pvt. Ltd.
Polyisobutylene
57.37
59.23
48.47
54.54
92.08%
1.47
1.31
10
Paragon Synthetics & Polymers Ltd.
HDPE pipes
10.93
18.73
8.93
15.55
83.02%
0.5
0.91
91.23%
11
Resins & Plastics Ltd.
Amino/phenolic resins & polyurethanes
53.25
54.3
45.2
43.53
80.17%
4.82
4.76
16.84%
12
Synthetic Moulders Ltd.
Plastic Products
25.05
41.81
14.59
23.68
56.64%
6.04
4.91
11.54%
13
Prasol Chemicals Ltd.
Polyester or contract resins
63.91
89.85
51.84
69.24
77.06%
21.64
21.65
3.56%
14
Polylink Polymers (India) Ltd.
Linear low density polyethylene (LLDPE)
63.69
52.43
53.97
43.35
82.68%
15.27
13.66
6.05% 11.63%
15
Sah Polymers Ltd.
Sacks & bags of polyethylene
17.98
21.21
15.2
16.4
77.32%
6.28
6.65
16
Sunrise Containers Ltd.
Plastic bottles
99.55
128.1
69.56
87.99
68.69%
42.43
48.51
1.42%
17
Clear Plastics Ltd.
Plastic Products
43.28
51.51
30.8
37.16
72.14%
23.43
27.98
2.58%
18
Pearl Engineering Polymers Ltd.
Polyethylene terephthalate (PET)
166.37
163.94
149.72
144.7
88.26%
35.19
32.74
2.70%
19
Emmbi Polyarns Ltd.
Sacks & bags
29.54
38.01
23.6
28.02
73.72%
13.46
14.19
5.20%
20
International Conveyors Ltd.
PVC belt conveyor
65.02
71.29
44.5
41.09
57.64%
22.97
20.48
2.81%
21
Gopala Polyplast Ltd.
Sacks & bags of polyethylene
131.93
124.85
116.2
115.28
92.33%
28.2
26.69
3.46%
22
Bright Brothers Ltd.
Plastic injection moulding items
280.91
94.07
178.59
69.79
74.19%
9.79
13.67
5.43%
23
Peacock Industries Ltd.
Plastic injection moulding items
13.11
15.06
12.13
12.91
85.72%
9.22
8.09
10.60%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
106
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days)
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2008
2009
20.59
16.49
10.60%
30.41
33.6
95.08
92.51
132.88
113.58
5.99
5.33
2.77
2009 2.34
151.2
2.17
2.6
13.12%
76.63
64.98
44.27
50.51
97.78
115.71
9.25
6.79
13.9
16.18
151.3
16.07
-5.42
-7.02%
64.74
60.44
94.94
103.4
161.96
156.79
1.16
1.35
1.73
3.05
151.6
3.26
3.52
11.66%
98.29
95.37
88.82
101.95
122.75
139.14
2.63
2.61
5.68
10.29
151.7
12.63
70.59
56.93%
15.07
15.43
837.08
567.87
117.91
141.83
1.36
0.59
10.5
9.13
152.9
7.8
14.59
17.36%
23
26.22
88.61
62.37
114.21
112.49
1.12
1.76
11.73
11.87
153.7
23.83
24.16
10.77%
42.5
48.27
56.6
40.82
123.08
81.53
6.4
3.06
20.74
25.14
155.5 156.4
9.15%
59.59
49.2
123.51
100.11
93.41
94.09
22.77
21.54
5.97
5.59
-3.93%
16.27
27.48
51.02
80.61
71.19
72.38
0.99
1.03
8.51
11.5
157.7
14.28
13.97
10.69%
60.71
64.75
43.13
46.4
48.53
73.59
6.07
8.8
20.55
23.83
160.8
-0.79
5.69
4.56%
56.58
29.92
91.8
78.78
140.06
63.96
4.37
3.95
6.78
7.48
160.8
2.32
2.51
6.40%
39.73
39.12
51.75
11.03
122.71
103.08
12.52
11.38
20.07
12.56
161.1
10.28
8.8
12.36%
80.45
75.71
83.84
107.1
93.5
92.06
6.95
3.72
54.82
80.69
161.6
4.13
2.34
5.74%
23.6
26.74
36.11
41.01
64.08
64.79
6.27
3.48
30.02
35
162
1.55
1.55
7.36%
61.1
41.66
74.29
96.15
138.93
113.46
27.4
35.48
7.3
3.78
167.5
2.13
1.88
7.99%
104.94
111.99
96.7
128.58
66.52
73.7
24.6
24.5
20.24
20.6
168.4
25.95
29.42
17.74%
105.65
79.51
78.07
108.04
55.94
86.96
77.96
75.48
41.45
21.45
168.7
1.96
0.43
1.30%
17.81
18.29
57.09
70.56
71.33
55.76
2.59
2.07
23.54
28.87
171.1
17.42
13.55
9.74%
34.77
27.97
63.32
57.06
60.66
57.74
14.28
19.01
141.58
118.81
172
15.55
11.4
17.96%
71.33
73.99
127.24
83.21
113.22
95.32
44.59
49.45
98.48
87.93
172.5
-13.74
-3.27
-6.76%
67.9
74.13
96.35
141
62.83
59.79
20.5
20.87
10.7
10.34
175.3
15.85
18.29
20.91%
48.22
47.5
80.59
61.47
124.18
106.18
85.7
65.78
115.51
104.07
177.2
-3.01
-26.31
-28.42%
88.26
45.57
428.43
113.73
140.82
42.8
25.56
5.84
16.17
13.27
177.9
6.4
4
3.81%
14.41
18.44
83.19
61.05
483.96
1029.42
69.67
290.87
2.19
1.61
180.1
3.41
-0.95
-1.12%
98.43
96.05
61.86
159.34
93.28
125.3
56.79
57.95
19.07
17.88
193.3
-0.97
1.52
2.23%
96.37
80.42
117.98
60.81
172.29
153.98
42.82
31.79
15.45
13.4
193.7
-3.67
-0.29
-2.33%
100.53
33.49
373.79
524.21
85.53
100.08
146.15
180.89
6.43
11.15
194.2
6.52
8.44
7.15%
45.11
47.15
90.3
44.16
49.65
41.81
0.78
1.55
9.91
6.2
6.4
2.53
1.55
6.70%
30.09
51.34
49.5
35.18
104.47
61
0.81
0.1
5.75
7.79
6.4
0.34
0.35
2.25%
126.42
55.97
46.76
88.59
39.46
32.48
40.34
20.51
18.07
11.36
8.6
0.1
0.25
0.93%
236.06
140.32
94.85
84.44
85.25
46.37
6.28
4.45
31.62
21.36
8.7
1.04
0.49
4.10%
36.57
33.08
19.9
18.2
65.29
73.55
9.24
14.9
18.88
21.82
10.4
2.98
5.33
12.43%
112.32
98.2
68.34
55.77
24.07
23.77
8.73
9.16
4.56
2.65
0.12
1.87
2.13
3.42%
60.79
47.73
57.27
17.14
4.17
6.2
1.69
0.67
13.85
8.66
0.03 0.07
1.42
1.29
7.48%
75.97
70.35
16.36
30.04
16.51
11.77
0.15
1.27
27.7
16.64
5.85
8.37
11.55%
62.06
56.83
52.67
29.41
32.81
28.38
0.46
0.75
8.78
7.29
0.12
1.29
2.89
7.34%
29.64
23.53
22.29
24.29
12.64
10.03
7.65
5.29
6.99
4.93
0.07 0.07
6.62%
39.43
35.93
28.31
22.99
15.33
18.59
6.75
5.18
0.94
0.21
17.25%
7.24
1.74
54.5
58.61
4.83
4.51
5.58
4.21
1.55
1.06
0.17
14.89
18.32
13.51%
42.76
36.28
20.49
21.16
24.91
19.88
13.11
12.05
3.69
3.29
0.14
2.81
2.18
3.68%
15.91
21.49
16.6
22.17
6.61
6.75
1.38
1.38
13.14
8.48
0.04
0.16
0.59
3.15%
55.39
57.43
101.26
124.82
8.55
17.4
1.47
4.12
2.98
2.78
0.03
4.35
3.34
6.15%
64.15
66.67
30.36
28.86
19.53
18.4
2
2.38
15.85
15.14
0.06 0.27
7.74
11.35
27.15%
83.7
85
110.31
26.12
43.84
55.52
17.38
25.9
0.57
0.24
5.69
9.3
10.35%
54.88
45.89
62.42
39.55
33.89
27.45
6.89
5.83
5.03
3.38
0.1
3.5
0.98
1.87%
52.37
45.58
19.62
23.31
24.4
26.28
0.23
0.28
9.54
6.93
0.02
2.35
1.85
8.72%
34.82
34.96
13.02
10.15
15.52
18.54
34.44
33.02
5.06
3.09
0.09
14.52
18.42
14.38%
42.04
38.59
19.75
29.05
28.34
18.34
2.09
2.38
23.4
21.84
0.14
7.32
8.71
16.91%
50.07
55.8
33.56
30.98
41.3
40.62
5.63
5.38
6.01
5.92
0.17
4.93
2.47
1.51%
13.58
9.31
9.7
13.38
9.35
11.64
2.48
3.45
8.11
6.53
0.02 0.13
3.53
4.89
12.87%
56.53
59.42
19.34
19.72
17.27
13.47
57.96
67.82
6.76
7.99
12.85
12.42
17.42%
79.63
90.13
49.59
63.77
14.36
19.83
18.55
21.59
8.6
8.94
0.17
2.86
-2.21
-1.77%
55.55
55.15
10.28
15.17
25.1
24.08
8.2
6.14
3.55
3.45
-0.02
10.48
6.3
6.70%
24.93
11.55
36.79
35.2
13.47
20.24
1.19
3.17
3.62
10.63
0.07
0.55
0.8
5.31%
87.96
80.31
916.19
838.21
14.48
18.19
1.08
1.86
10.66
10.17
0.05
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
PoLYmerS
4.51 38.53
& PLASTICS PRODUCTS
3.12 18.58
PAPer
1.74 -2.71
& wOOD PrODucTs
1.37 5.39
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
107
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2008
2009
Plastic Products
39.29
44.19
23.98
27.58
62.41%
14.61
15.44
4.04%
25
Shri Jagdamba Polymers Ltd.
Sacks & bags of polyethylene
12.56
20.48
8.24
14.5
70.80%
8.16
14.45
4.90%
26
Milton Plastics Ltd.
Carboys, bottles & flasks
43.99
37.86
30.33
28.5
75.28%
8.38
7.84
9.60%
27
Shakun Polymers Ltd.
Polymers of ethylene
76.67
100.48
65.8
79.67
79.29%
9.23
17.08
4.64%
28
Mipak Polymers Ltd.
Reservoirs, tanks
30.65
32.07
25.17
24.87
77.55%
11.49
16.72
4.64%
135.42
154.03
89.91
106.68
69.26%
66.92
75.87
0.91%
37.31
31.94
29.91
25.01
78.30%
12.66
11.72
6.68%
Pearl Polymers Ltd.
Carboys, bottles & flasks
Ecoplast Ltd.
Other sheets, films & foils of plastics
2009
Fixed Asset Turnover Ratio (FATR)
Espiem Plastics Ltd.
29
2008
Net Fixed Assets (Rs Crore)
24
30
2009
COGS/ 2009 Net Sales
2009
31
Polyspin Exports Ltd.
HDPE woven sacks
35.66
38.4
25.83
27.4
71.35%
6.4
6.83
10.45%
32
Pankaj Polymers Ltd.
Sacks & bags of polyethylene
30.47
28.32
27.68
23.9
84.39%
6.75
6.63
12.73%
33
Stylam Industries Ltd.
Sheets, films of plastic, not reinforced
45.95
54.96
34.03
38.7
70.41%
10.81
13.08
5.38%
34
Polynova Industries Ltd.
Synthetic leather cloth
74.48
71.2
62.01
56.06
78.74%
7.43
7.4
10.64%
35
Texplast Industries Ltd.
Sacks & bags
20.97
30.22
14.9
23.44
77.56%
3.05
4.97
15.61%
36
Marvel Industries Ltd.
Other plastic packaging goods
49.74
46.48
40.73
34.88
75.04%
6.17
5.08
14.77%
37
T P L Plastech Ltd.
Reservoirs, tanks
60.44
68.21
48.02
54.38
79.72%
12.22
18.96
4.20%
38
Rungta Irrigation Ltd.
Tubes, pipes & hoses of poly vinyl chloride
35.07
35.7
27.01
24.06
67.39%
4.08
4.86
13.87%
39
Uma Polymers Ltd.
Plastic packaging goods
80.14
90.53
66.6
76.42
84.41%
13.64
14.39
5.87%
40
Mewar Polytex Ltd.
Boxes, cases & crates
23.96
23.3
18.73
18.08
77.60%
4.48
5.64
13.76%
41
Vinyoflex Ltd.
Other sheets, films & foils of plastics
21.91
19.64
21.94
15.89
80.91%
3.37
3.2
25.28%
42
Polyspin Ltd.
Sacks & bags of polyethylene
28.71
27.04
21.85
20.2
74.70%
2.45
2.01
37.17%
43
Sudhakar Polymers Ltd.
PVC pipes
51.33
57.63
42.1
49.08
85.16%
13.02
13.86
6.14%
44
Hindustan Adhesives Ltd.
Cellulose adhesive tapes
34.77
39.24
23.39
26.48
67.48%
13.51
13.12
5.14%
45
Brij Fabrics Pvt. Ltd.
Sacks & bags of polyethylene
29.02
33.6
26.91
30.75
91.52%
3.7
3.71
24.67%
46
Eftec Shroff (I) Ltd.
Poly vinyl chloride
33.79
44.15
22.52
31.59
71.55%
3.71
18.67
3.83%
47
Classic Stripes Pvt. Ltd.
Self-adhesive plates, sheets, films
185.08
162.35
78.02
87.47
53.88%
59.56
78.54
0.69%
48
Mold-Tek Packaging Ltd.
Plastic injection moulding items
90.44
106.29
72.52
80.36
75.60%
25.43
25.43
2.97%
49
Bluplast Industries Ltd.
Plastic injection moulding items
86.39
89.07
75.59
77.86
87.41%
7.09
8.53
10.25%
50
E P C Industrie Ltd.
Tubes, pipes & hoses of poly vinyl chloride
51
Bhansali Engineering Polymers Ltd.
Acrylonitrile butadiene styrene
41.97
60.23
38.71
47.01
78.05%
18.67
19.75
3.95%
264.53
225.64
220.57
181.14
80.28%
204.01
190.94
0.42%
52
Fenoplast Ltd.
Synthetic leather cloth
97.57
110.59
82.6
89.9
81.29%
31.11
35.81
2.27%
53
Alfa Ica (India) Ltd.
Sheets, films of plastic, not reinforced
43.82
45.09
35.31
36.37
80.66%
9.18
9.04
8.92%
54
Xpro India Ltd.
Biaxially oriented polypropylene (BOPP) film
133.5
151.89
105.31
113.05
74.43%
96.38
99.08
0.75%
55
Beardsell Ltd.
Expandable polystyrene
60.27
52.53
51.41
41.98
79.92%
4.22
5.15
15.52%
56
Multi-Flex Lami-Print Ltd.
Plastic film
106
133.94
89.04
113.26
84.56%
53.62
49.49
1.71%
57
National Plastic Inds. Ltd.
Plastic injection moulding items
33.07
40.3
26.45
24.2
60.05%
12.31
11.55
5.20%
58
Deccan Polypacks Ltd.
Plastic packaging goods
28.32
28.46
25.62
24.36
85.59%
2.72
2.65
32.30%
59
Jhaveri Flexo India Ltd.
Other sheets, films & foils of plastics
131.16
169.08
103.48
140.06
82.84%
60.77
95.05
0.87%
60
Premier Polyfilm Ltd.
Other sheets, films & foils of plastics
61.56
75
55.01
64.77
86.36%
13.66
12.68
6.81%
61
Polyplex Corporation Ltd.
Polyester film
209.75
242.91
142.77
159.36
65.60%
133.07
321.41
0.20%
62
Radha Madhav Corpn. Ltd.
Plastic packaging goods
141.66
161.56
120.43
142.27
88.06%
140.25
205.37
0.43%
63
Acrysil Ltd.
Tableware, kitchenware, other household articles
30.53
50.69
15.59
24.4
48.14%
11.28
15.75
3.06%
64
Shaily Engineering Plastics Ltd.
Plastic Products
60.07
63.96
43.67
45.48
71.11%
31.15
47.2
1.51%
65
Kisan Irrigations Ltd.
Tubes, pipes & hoses, rigid
177.61
213.58
163.22
185.59
86.89%
25.46
31.48
2.76% 47.98%
66
Union Quality Plastics Ltd.
Sacks & bags of polyethylene
20.14
21.84
22.48
19.91
91.16%
2
1.9
67
Ori-Plast Ltd.
Tubes, pipes & hoses of poly vinyl chloride
73.39
81.48
60.72
65.39
80.25%
9.92
13.35
6.01%
68
Caprihans India Ltd.
Sheets, films of plastic, not reinforced
124.26
160.02
107.51
119.5
74.68%
33.6
30.21
2.47%
69
Glory Polyfilms Ltd.
Plastic film
60.67
79.6
49.87
65.31
82.05%
52.67
105.13
0.78%
70
Neo Corp Intl. Ltd.
Sacks & bags of polyethylene
108.4
128.96
97.57
118.73
92.07%
20.75
42.19
2.18%
71
Bajaj Steel Inds. Ltd.
Sacks & bags
188.19
230.22
133.2
158.15
68.70%
23.7
35.15
1.95%
72
Hydro S & S Inds. Ltd.
Other articles of plastics
116.9
118.51
98.37
106.38
89.76%
23.39
32.83
2.73% 5.73%
73
Narmada Extrusions Ltd.
Sacks & bags
83
76.71
78.29
68.44
89.22%
14.94
15.58
74
Jumbo Bag Ltd.
Sacks & bags
56.81
70.35
42.03
55.73
79.22%
25.1
25.36
3.12%
75
Arvind International Ltd.
Plastic Products
24.28
25.07
22.02
22.51
89.79%
6.39
6.74
13.32%
76
Innocorp Ltd.
Plastic Products
18.2
10.51
14.09
7.96
75.74%
9.6
5.11
14.82%
77
Marvel Vinyls Ltd.
Sheets of vinyl chloride
63.36
67.94
57.85
59.17
87.09%
12.38
12
7.26%
78
Rishi Packers Ltd.
Sacks & bags
27.38
20.18
22.55
14.76
73.14%
13.53
12.2
6.00%
79
Funskool (India) Ltd.
Other articles of plastics
40.06
46.58
23.7
27.52
59.08%
4.99
4.87
12.13%
80
Kisan Mouldings Ltd.
Tubes, pipes & hoses of poly vinyl chloride
124.48
146.13
109.34
116.48
79.71%
38.69
45.3
1.76%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
108
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
PBDITA/2009 Net Sales
2009
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
4.42
4.98
11.27%
29.34
35.02
49.61
55.97
16.89
13.8
12.91
13.49
10.61
8.29
0.11
2.04
3.14
15.33%
38.37
46.22
21.26
90.42
36.14
21.29
19.16
15.39
3.65
4.77
0.15
-2.86
-4.09
-10.80%
220.53
215.8
363.11
440.36
38.58
37.95
5.26
5.7
9.42
5.03
-0.11
9.57
7.5
7.46%
31.31
29.9
12.76
12.13
25.98
34.35
4.91
5.25
8.99
7.52
0.07
3.77
3.11
9.70%
86.48
98.25
35.05
38.1
38.65
41.68
0
0.22
19.34
24.05
0.1
15.15
16.88
10.96%
73.65
67.49
66.33
58.38
29.59
28.41
1.38
1.98
14.97
16.05
0.11
5.64%
65.08
62.17
50.55
34.69
52.69
54.93
1.8
2.33
7.59
6.88
0.06
7.42%
41.57
29.89
29.67
22.91
36.17
33.44
32.29
24.32
5.55
2.8
0.07
1.68
1.91
6.74%
58.67
60.85
10.31
4.28
24.61
29.7
25.8
16.45
5.15
7.4
0.07
7.25
7.36
13.39%
34.99
30.85
48.17
22.15
83.3
67.7
1.07
0.91
15.21
9.59
0.13
4.45
5.15
7.23%
82.17
99.96
85.87
63.98
38.88
40.92
5.48
6.41
9.48
7.8
0.07 0.14
2
4.18
13.83%
68.97
43.02
77.79
44.88
19.7
20.92
68.32
50.41
5.34
5.14
-3.64
4.7
10.11%
15.27
20.35
93.12
102.33
18.84
22.09
1.72
2.61
21.01
11.78
0.1
8.08
6.96
10.20%
65.79
63.44
61.72
68.58
33.49
34.77
8.71
10.83
6.04
4.23
0.1 0.06
2.18
2.28
6.39%
148.88
140.9
62.57
64.67
27.17
41.67
0
1.65
51.44
56.1
7.94
6.71
7.41%
48.14
47.09
24.19
28.2
38
39.8
10.7
11.48
4.13
3.53
0.07
1.98
1.75
7.51%
45.82
34.42
5.51
3.85
42.01
43.21
5.8
4.48
13.26
11.83
0.08
1.12
0.97
4.94%
104.62
110.39
82.12
37.13
32.09
41.17
7.85
7.43
13.27
12.95
0.05
1.71
1.6
5.92%
29.25
47.42
18.74
14.02
33.43
29.63
4.77
8.09
31.32
26.86
0.06
4.71
3.7
6.42%
43.75
34.61
20.45
17.41
21.11
18.94
4.43
5.85
28.01
23.27
0.06
2.36
6.43
16.39%
62.93
59.72
52.79
38.64
40.91
39.77
19.38
14.4
10.61
10.66
0.16
0.51
1
2.98%
22.58
15.89
30.69
27.27
26.93
23.88
3.52
3.63
8.95
11.9
0.03
6.54
7.79
17.64%
NA
63.35
50.67
55.48
NA
49.58
NA
6.9
NA
9.34
0.18
73.75
40.56
24.98%
81.75
107.02
42.97
54.88
44.75
40.94
13.13
12.85
12.38
12.95
0.25
8.1
10.25
9.64%
NA
43.36
21.99
20.19
NA
21.53
NA
20.89
NA
9.39
0.1
5.96
7.09
7.96%
92.98
115.57
37.03
44.32
30.1
29.77
20.62
29.41
8.08
8.63
0.08
-2.05
1.35
2.24%
74.08
100.2
64.39
79.52
32.97
33.24
0
1.81
25.72
21.94
0.02
32.61
4.3
1.91%
194.64
232.31
163.39
141.19
32.3
27.43
28.45
18.09
1.66
1.58
0.02
8.4
10.34
9.35%
104.82
108.64
93.77
69.65
32.8
29.67
5.96
6.22
15.71
14.74
0.09
3.2
3.07
6.81%
41.36
41.11
23.65
18.95
144.3
120.52
0.69
0.48
11.69
9.96
0.07
14.99
17.89
11.78%
69.25
66.17
82.61
70.94
40.43
32.07
9.26
12.08
9.55
7.52
0.12
4.47
1.24
2.36%
76.18
79.35
84.64
98.34
22.93
26.04
24.36
19.5
6.81
6.69
0.02
12.07
17.84
13.32%
54.17
45.56
67.74
55.01
43.76
17.55
98.47
115.62
5.23
4.06
0.13
2.48
3.43
8.51%
91.67
84.27
64.92
36.65
20.45
23.13
20.58
23.49
51.14
30.16
0.09
2.19
1.99
6.99%
77.47
77.46
80.78
68.47
32.11
39.79
52.85
59.11
1.2
2.23
0.07
21.07
10.61
6.28%
64.34
59.61
94.34
57.45
53.81
54.01
2.69
3.44
4.57
5.13
0.06 0.06
5.28
4.54
6.05%
31.55
30.4
73.48
44.68
24.11
20.92
8.76
6.4
10.48
13.38
32.68
42.16
17.36%
41.9
29.17
24.29
64.53
38.26
46.45
12.32
10.11
4.34
4.46
0.17
29.88
21.44
13.27%
85.57
106.18
21.65
50.66
26.76
34.07
88.85
127.65
4.28
4.78
0.13
6.64
12.2
24.07%
131.65
81.71
84.89
45.53
75.29
78.06
21.23
8.35
22.31
22.05
0.24
8.01
3.69
5.77%
85.82
80.12
57.67
69.57
40.82
41.47
11.39
9.59
10.73
8.89
0.06
11.67
14.47
6.77%
68.72
65.61
75.6
69.7
9.37
16.16
4.69
6.26
36.94
41.61
0.07
0.46
0.12
0.55%
NA
34.43
76.24
88.3
NA
8.34
NA
2.84
NA
58.58
0.01
5.34
6.33
7.77%
11.72
10.23
50.81
53.22
45.62
43.03
0.06
3.87
10.23
11.03
0.08 0.06
6.48
8.99
5.62%
108.18
95.13
66.96
65.58
51.26
36.09
6.68
5.25
33.41
27.4
8.02
10.19
12.80%
117.86
118.38
123.08
93.36
82.5
38.31
26.5
31.89
8.55
5.64
0.13
15.67
15.33
11.89%
98.57
119.8
67.26
145.26
14.07
13.12
28.32
8.25
48.58
58.71
0.12
16.34
29.9
12.99%
30.37
25.52
76.28
49.04
46.64
44.17
27.38
20.24
8.17
5.96
0.13
12.57
3.93
3.32%
66.02
60.55
48.15
28.3
48.24
48.36
3.33
4.97
11.59
11.53
0.03
5.64
5.35
6.97%
50.05
59.5
20
21.09
39.09
48.63
26
60.19
22.2
4.71
0.07
5.83
6.31
8.97%
61.06
48.48
47.65
37.92
25.45
23.23
43.66
37.63
10.45
12.66
0.09
2.18
0.52
2.07%
94.48
88.87
66.81
72.91
54.94
44.91
16.15
15.37
7.32
6.78
0.02
1.45
-11.08
-105.42%
221.74
194.4
179
60.24
30.04
37.18
33.46
46.13
16.8
13.13
-1.05 0.05
2.49
3.1
4.56%
64.69
61.38
64.09
46.84
22.92
20.03
28.43
17.27
28.56
29.78
2.06
2.65
13.13%
60.16
82.61
86.84
129.18
42.76
79.25
94.23
136.97
1.42
1.83
0.13
4.3
5.46
11.72%
41.26
49.92
42.6
50.67
48.19
47.82
7.71
8.42
80.05
81.28
0.12
14.25
16.42
11.24%
95.41
96.07
67.68
79.37
15.48
20.18
18.97
25.24
34.3
43.66
0.11
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
PoLYmerS
1.8 2.85
& PLASTICS PRODUCTS
3.09 2.43
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
109
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
81
Safari Industries (India) Ltd.
Moulded luggage
56.63
Cost of Goods Sold (Rs Crore)
2009
2008
55.65
2009
COGS/ 2009 Net Sales
42.87
37.9
68.10%
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
3.58
2.96
23.01%
2009
82
Gujarat Craft Inds. Ltd.
Sacks & bags of polyethylene
22.93
25.38
22.2
23.88
94.09%
6.62
6.99
13.46%
83
National Plastic Technologies Ltd.
Plastic Products
37.86
48.36
29.04
33.53
69.33%
21.55
22.71
3.05%
84
Avichal Buildcon Pvt. Ltd.
Sheets, films of plastic, not reinforced
9.64
22.34
10.18
20.32
90.96%
42.93
41.49
2.19%
85
Karur K C P Packkagings Ltd.
Sacks & bags of polyethylene
198.52
210.75
109.81
124.86
59.25%
138.93
146.45
0.40% 4.88%
86
Sharp Industries Ltd.
Flexible packaging materials
87
Balmer Lawrie-Van Leer Ltd.
Reservoirs, tanks
83.12
61.2
61.91
51.13
83.55%
19.36
17.11
112.32
120.56
85.87
98.81
81.96%
56.01
73.19
88
Hindustan Fluorocarbons Ltd.
1.12%
Polytetrafluoroethylene
10.41
13.98
11.35
16.17
115.67%
3.71
3.62
31.95%
89
Tokyo Plast International Ltd.
Other articles of plastics
23.54
28.53
17.49
18.99
66.56%
10.12
12.33
5.40%
90
Shree Rama Multi-Tech Ltd.
Other plastic packaging goods
72.56
68.61
40.31
40.82
59.50%
264.25
246.31
0.24%
91
Tulsi Extrusions Ltd.
PVC pipes
66.1
79.18
63.91
63.4
80.07%
23.16
34.6
2.31%
92
Uniproducts (India) Ltd.
Floor coverings of plastics
120.8
120.86
89.32
87.75
72.60%
91.52
104.85
0.69% 3.02%
93
Fancy Fittings Ltd.
Plastic Products
34.8
45.11
24.96
28.62
63.44%
19.67
21.01
94
Jalpac India Ltd.
Other sheets, films & foils of plastics
8.94
12.66
9.89
12.37
97.71%
26.34
23.7
4.12%
95
Tainwala Chemicals & Plastics (India) Ltd.
Sheets, films of plastic, not reinforced
13.36
12.71
10.48
6.95
54.68%
6.65
6.98
7.83%
96
Smitabh Intercon Ltd.
HDPE bags
19.95
37.16
18.85
33.2
89.34%
3.24
2.9
30.81%
97
Sturdy Industries Ltd.
Tubes, pipes & hoses of poly vinyl chloride
112.56
108.11
93.18
99.76
92.28%
15.58
25.76
3.58%
98
Morgan Industries Ltd.
Other sheets, films & foils of plastics
45.56
59.89
35.21
55.49
92.65%
22.01
23.64
3.92%
99
Bloom Dekor Ltd.
Sheets, films of plastic, not reinforced
30.8
33.92
28.85
26.19
77.21%
14.97
14.85
5.20%
100
Venlon Enterprises Ltd.
Polyester film
60.26
81.29
64.48
61.5
75.66%
109.8
106.07
0.71%
101
Sundek India Ltd.
Sheets, films of plastic, not reinforced
35.75
37.36
30.36
29.2
78.16%
4.95
11.81
6.62%
102
Rushil Decor Ltd.
Sheets, films of plastic, not reinforced
77.01
93.01
65.25
76.49
82.24%
20.97
27.53
2.99%
103
Royal Cushion Vinyl Products Ltd.
Floor coverings of plastics
69.25
51.22
55.46
45.34
88.52%
83.6
75.65
1.17%
104
Biopac India Corpn. Ltd.
Tableware, kitchenware, other household articles
20.08
30.66
16.43
16.68
54.40%
25.3
23.42
2.32%
105
Dujodwala Paper Chemicals Ltd.
Amino/phenolic resins & polyurethanes
81.88
105.72
70.23
102.15
96.62%
24.53
24.17
4.00%
29.27%
steel tuBes & PiPes 1
Indus Tubes Ltd.
Tubes & pipes
93.01
110.28
83.36
97.82
88.70%
3.04
3.03
2
Bhandari Foils & Tubes Ltd.
Tubes & pipes
190.96
152.49
158.91
124.37
81.56%
30.15
35.9
2.27%
3
Rajasthan Tube Mfg. Co. Ltd.
Tubes & pipes
60.32
54.56
56.7
54.89
100.60%
3.17
3.17
31.74%
4
Asian Tubes Ltd.
Tubes & pipes
154.18
210.15
140.4
184.62
87.85%
22.28
20.43
4.30%
5
Ravindra Tubes Ltd.
Tubes & pipes
130.94
117.36
120.65
104.22
88.80%
9.59
9.97
8.91%
6
Bundy India Ltd.
Bundy tubes
74.3
53.77
53.96
38.58
71.75%
38.27
43.26
1.66%
7
Binjrajka Steel Tubes Ltd.
Tubes & pipes
37.68
75.79
39.65
62.58
82.57%
3.05
2.69
30.70%
8
North Eastern Tubes Ltd.
Tubes & pipes
50.97
69.41
45.61
53.39
76.92%
3.46
3.07
25.06%
9
Suraj Stainless Ltd.
Tubes & pipes
273.92
233.47
220.15
200.25
85.77%
49.95
98.56
0.87%
10
Gandhi Special Tubes Ltd.
Tubes & pipes
77.27
57.32
36.39
23.66
41.28%
49.58
46.88
0.88%
11
Uni Abex Alloy Products Ltd.
Tubes & pipes
62.49
64.21
48.25
36.66
57.09%
6.22
8.06
7.08%
12
Mahalaxmi Seamless Ltd.
Seamless tubes & pipes
35.61
34.27
20.75
25.67
74.91%
7.79
11.12
6.74%
13
Remi Edelstahl Tubulars Ltd.
Tubes & pipes
175.98
151.51
152.14
111.01
73.27%
38.95
37.6
1.95%
teXtiles 1
Jagruti Synthetics Ltd.
Synthetic filament yarn other than sewing threads
13.01
14.21
10.68
11.54
81.21%
4.8
4.6
17.65%
2
Suryaamba Spinning Mills Ltd.
Polyester filament yarn (PFY)
60.51
83.43
55.47
71.05
85.16%
25.64
24.41
3.49%
3
Paras Petrofils Ltd.
Polyester filament yarn (PFY)
90.89
83.14
81.89
65.01
78.19%
53.16
48.83
1.60%
4
Zenith Fibres Ltd.
Polypropylene fibre
33.91
35.86
24.84
27.75
77.38%
7.19
7.03
11.01%
5
Mehratex (India) Pvt. Ltd.
Textured yarn of synthetic filament yarn
6
Yashasvi Yarns Ltd.
Partially oriented yarn (POY)
7
Asahi Fibres Ltd.
Cotton yarn
8
Mayur Uniquoters Ltd.
Other coated / laminated textile fabrics
9
Suryalata Spinning Mills Ltd.
10 11
84.51
74.61
71.09
63.36
84.92%
10.22
9.25
9.18%
108.55
117.64
99.68
103.43
87.92%
27.33
30.46
2.89% 0.66%
23
28
20.04
23.63
84.39%
10.47
127.39
90.7
115.4
28.03
90.04
78.02%
21.45
23.74
3.29%
Cotton & blended yarn
169.73
155.7
152.03
118.62
76.18%
79.68
77.4
0.98%
Lambodhara Textiles Ltd.
Cotton yarn
32.77
47.83
30.35
34.07
71.23%
13.56
22.96
3.10%
Kariwala Industries Ltd.
Sacks/Bags (Cotton)
19.75
33.59
10.17
15.4
45.85%
7.22
11.44
4.01%
12
Beekaylon Synthetics Pvt. Ltd.
Textured yarn of synthetic filament yarn
165.74
179.64
139.34
148.2
82.50%
32.17
39.54
2.09%
13
Mangalam Ventures Ltd.
Apparels - knitted / crocheted
30.34
29.16
17.93
19.84
68.04%
10.49
10.49
6.49%
14
Supertex Industries Ltd.
Cotton & blended yarn, texturised
27.87
30.38
25.97
27.71
91.21%
7.7
6.76
13.49%
15
Chandni Textiles Engg. Inds. Ltd.
Woven pile fabrics & chenille fabrics
9.51
10.58
1.77
9.81
92.72%
11.31
3.28
28.27%
16
Premco Global Ltd.
Rubberised textile fabrics (elastic tapes)
24.73
30.69
16.47
21.65
70.54%
10.12
11.09
6.36%
17
K G Petrochem Ltd.
Towels including turkish towels
49.62
56.11
34.02
37.13
66.17%
27.59
24.83
2.67%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
110
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
4.68
3.35
6.02%
80.45
100.5
95.08
88.98
65.77
61.71
6.97
7.26
57.38
57.47
0.06
1.57
1.97
7.76%
56.26
49.14
47.99
34.67
18.33
23.03
43.87
68.38
10.59
16.93
0.08 0.15
14.64%
96.4
82.93
150.93
131.04
43.71
38.79
34.92
32.32
19.56
16.04
-0.08
-0.36%
NA
43.9
68.52
62.11
NA
65.8
NA
6.45
NA
3.11
0
47.22
34.61
16.42%
106.08
119.01
102.65
107.31
253.9
221.29
73.98
79.93
12.79
5.5
0.16
20.61
8.29
13.55%
165.64
238.94
109.87
113.28
74.88
78.41
8.78
14.02
8.47
14.38
0.14
10.79
4.87
4.04%
58.01
55.4
119.27
118.78
52.39
33.79
9.3
10.28
9.08
9.56
0.04
-3.47
2.92
20.89%
98.69
73.07
150.46
118.06
134.28
74.32
10.45
218.94
6.15
5.14
0.21
3.21
3.4
11.92%
176.8
158.63
110.88
92.4
44
43.53
90.99
75.65
30.1
34.49
0.12
16.79
19
27.69%
66.68
71.15
653.73
1002.06
65.2
71.93
15.03
20.76
10.22
9.85
0.28 0.09
9.33
6.83
8.63%
120.82
152.66
14.38
48.23
35.14
55.48
24.49
16.55
35.26
37.59
14.57
13.11
10.85%
48.77
53.78
64.6
70.22
51.08
52.78
7.41
9.7
13.42
17.26
0.11
5.18
6.96
15.43%
77.52
61.45
109.59
85.57
64.79
61.09
28.05
25.95
29.22
25.41
0.15
-5.18
-4.44
-35.07%
110.27
62.67
338.29
274.56
124.02
61.59
54.68
11.65
7.72
6.09
-0.35
2.25
1.95
15.34%
76.65
43.38
19.35
29.34
69.35
79.88
29.65
49.54
46.44
52.1
0.15
0.85
0.87
2.34%
91.75
80.09
130.58
81.48
66.51
84.09
35.6
21.03
21.23
11.79
0.02
8.41
7.79
7.21%
54.01
57.94
75.26
46.53
36.76
61.51
8.39
12.86
27.35
23.66
0.07
4.37
3.72
6.21%
106.3
90.9
92.51
70.09
55.02
46.16
28.12
27.53
31.65
19.94
0.06 0.09
2.19
3.13
9.23%
78.09
67.03
116.31
88.62
105.51
125.45
9.38
13.52
44.91
51.7
-0.57
0.84
1.03%
23.63
9.96
66.27
25.66
33.62
35.18
39.99
32.99
40.15
25.68
0.01
1.89
1.39
3.72%
35.12
44.99
99.11
125.54
99.09
104.74
4.36
4.03
67.79
57.84
0.04
11.73%
NA
97.78
127.92
119
NA
64.4
NA
20.72
NA
51.89
0.12
-11.50%
136.15
183.6
297.89
388.34
64.84
82.22
32.65
38.92
16.3
16.34
-0.11
6.89
6.5
21.20%
36.2
14.93
182.66
117.81
64.52
74.34
265.15
142.65
86.02
80.77
0.21
4.63
5.84
5.52%
69.38
80.08
117.75
105.82
54.01
97.98
67.69
128.54
81.06
67.26
0.06
15.2
3.28
3.01
2.73%
52.06
44.57
31.04
14.62
31.91
27.77
26.01
19.19
3.58
2.11
13.41
12.09
7.93%
76.76
108
84.11
196.48
9.84
17.03
26.5
38.2
3.96
1.34
15.9
2.1
0.76
1.39%
78.29
76.25
60.55
24.97
20.45
23.1
1.67
5.33
25
27.05
16.5 16.8
12.07
17.16
8.17%
70.23
77.79
129.97
75.28
39.11
30.32
6.65
8.23
9.85
8
3.8
4.09
3.49%
26.6
25.72
7.44
10.86
21.93
31.65
13.36
15.51
4.86
3.64
17.9
6.68
1.45
2.70%
83.22
108.67
121.77
105.71
42.44
56.82
9.52
16.11
1.63
1.04
18.2
0.72
0.92
1.21%
10.3
7.8
57.93
20.38
32.69
28.82
8.66
4.83
39.02
17.67
18.5
2.9
3.57
5.14%
45.85
46.99
42.33
34.58
26.61
28.82
15.22
17.15
11.64
10.39
18.7
34.72
21.65
9.27%
28.1
36.75
17.59
18.08
42.98
39.27
7.31
10.01
18.78
8.26
19.9
31.6
24.84
43.34%
38.64
56.94
26.33
42.73
127.7
255.03
16.3
23.65
2.25
2.75
20.3
6.51
14.44
22.49%
60.94
53.28
59.54
54.92
27.54
30.6
71.12
117.63
4.3
4.75
20.4
6.99
4.61
13.45%
48.67
68.52
66.67
37.93
51.89
44.26
32.59
31.72
8.13
8.99
21.4
19.49
1.43
0.94%
42.61
55.43
43.51
22.52
44.4
45.89
83.35
77.05
15.65
17.55
26
1.04
7.32%
NA
43.97
29.93
21.14
NA
11.57
NA
2.74
NA
9.4
172.1
4.37
5.24%
NA
39.2
28.32
17.17
NA
15.15
NA
1.89
NA
5.1
193.8
2.95
8.04
9.67%
39.13
25.73
15.96
9.94
6.25
7.18
2.92
2.96
10.06
8.72
194.6
3.68
5.22
14.56%
29.76
22.21
11.43
10.65
29.34
31.92
0.65
0.67
6.92
9.93
201.4
3.66
3
4.02%
NA
21.91
20.88
18.96
NA
10.4
NA
1.62
NA
6.21
204.8
8.98
10.56
8.98%
84.01
78.31
40.88
58.57
16.54
12.47
3.05
3.15
5.75
8.32
209.2
1.51
3.55
12.68%
10.69
20.18
2.19
23.84
5.17
8.64
0.8
1.47
2.37
4.97
215
10.25
12
10.40%
69.43
62.19
85.83
66.96
26.64
20.15
9.81
6.96
4.2
2.1
220.6
13.73
12.97
8.33%
35.19
36.81
24.1
12.44
19.17
21.21
4.18
4.22
8.95
9.37
222
3.91
5.02
10.50%
68.46
68.11
18.08
11.58
14.71
14.4
9.61
7.67
31.72
22.36
226.9
4
8.41
25.04%
49.83
29.34
52.01
38.09
114.83
58.41
14.13
3.56
11.36
6.45
230.5
8.82
8.89
4.95%
NA
19.29
31.93
21.87
NA
14.15
NA
0.79
NA
7.28
230.5
3.05
2
6.86%
17.76
51.85
17.92
44.94
24.89
12.33
19.82
17.32
0.25
5.3
242.1
1.25
0.47
1.55%
77.48
85.91
86.28
90.23
8.2
11.98
1.78
4.88
2.04
7.36
244.5
1.5
-4.22
-39.89%
79.94
55.65
236.68
30.72
71.17
32.71
3.31
1.45
70.38
8.51
246
2.55
3.15
10.26%
55.88
51.35
51.82
30.78
76.77
49.1
3.72
2.77
23.24
14.28
246.2
8.02
10.7
19.07%
60.75
73.32
26.25
25.83
23.86
25.49
22.43
24.61
7.79
8.94
252.1
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
TexTILeS
1.03 3.06
STeeL
10.91 -5.89
TUBES & PIPES
7.75 1.08
PoLYmerS
7.08
-1.7
& PLASTICS PRODUCTS
7.05
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
111
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2008
2009
Cloth processed
25.65
29.86
18.63
21.18
70.93%
8.83
9.1
7.79%
19
Everlon Synthetics Ltd.
Textured yarn of synthetic filament yarn
15.92
16.14
14.29
13.82
85.63%
3.57
3.22
26.59%
Amit Spinning Inds. Ltd.
Cotton yarn
Anant Syntex Ltd.
Special woven fabrics
2009
Fixed Asset Turnover Ratio (FATR)
Sona Processors (India) Ltd.
21
2008
Net Fixed Assets (Rs Crore)
18
20
2009
COGS/ 2009 Net Sales
2009
81.91
36.33
67.52
28.81
79.30%
55.01
46.84
1.69%
30.94
37.97
23.59
29.35
77.30%
15.84
16.37
4.72%
22
Binayak Tex Processors Ltd.
Cloth processed
111.97
119.55
91.36
95.21
79.64%
7.08
10.6
7.51%
23
Sohrab Spinning Mills Ltd.
Tyre cord fabric of high tenacity yarns
37.35
40.18
32.18
35.62
88.65%
7.43
11.53
7.69%
24
Veejay Terry Products Ltd.
Cotton yarn
18.32
14.03
13.14
10.91
77.76%
20.84
18.88
4.12%
25
Hisar Spinning Mills Ltd.
Cotton yarn
15.14
11.73
13.94
10.3
87.81%
1.3
2.99
29.37% 5.04%
26
Vippy Spinpro Ltd.
Cotton yarn
39.49
45.2
32.17
35.24
77.96%
16.39
15.47
27
Kadri Mills (Cbe) Ltd.
Cotton yarn
142.51
175.63
116.36
141.77
80.72%
90.04
86.68
0.93%
28
Kajaria Yarns & Twines Ltd.
Jute yarn
51.45
50.3
39.23
38.99
77.51%
3.28
3.09
25.09% 2.19%
29
Oswal Spinning & Wvg. Mills Ltd.
Cotton yarn
30
Jalan Jee Polytex Ltd.
Textured yarn of synthetic filament yarn
67.14
76.95
53.3
59.53
77.36%
36.28
35.29
113.26
159.76
96.91
148.51
92.96%
55.77
78.52
31
Usha Yarns Ltd.
Cotton yarn
1.18%
17.39
13.1
15.39
10.94
83.51%
4.71
7.63
10.95%
32
Jagannath Textiles Co. Ltd.
Textiles
33
M G Lifestyle Clothing Co. Pvt. Ltd.
Apparels - knitted / crocheted
297.54
151.18
244.7
116.23
76.88%
200.01
192.8
0.40%
75.99
86.02
21.83
30.13
35.03%
51.75
51.94
34
Shree Bharani Spinnings (India) Ltd.
0.67%
High tenacity yarn of viscose rayon
22.12
20.58
17.23
15.63
75.95%
8.93
8.15
9.32%
113.93
130.95
81.66
92.36
70.53%
18.97
25.33
2.78%
8.53
11.55
7.48
10.72
92.81%
0.59
0.96
96.68%
35
Arora Fashions Ltd.
Apparels - knitted / crocheted
36
Tuni Textile Mills Ltd.
Cloth (Fabrics)
37
Blue Blends (India) Ltd.
Cotton & blended yarn, texturised
121
108.82
94.89
81.17
74.59%
84.24
77.98
0.96%
38
Balaji Filaments Ltd.
Synthetic filament yarn other than sewing threads
68.72
66.45
62.51
59.96
90.23%
10.52
12.54
7.20%
39
Mothi Spinner Ltd.
Synthetic filament yarn other than sewing threads
82.36
99.77
69.59
77.22
77.40%
54.81
48.61
1.59%
40
Entremonde Polyecoaters Ltd.
Coated / laminated textile fabrics
32.85
40.52
27.77
33.43
82.50%
3.09
7.15
11.54%
41
Hindoostan Spinning & Wvg. Mills Ltd.
Cloth (Fabrics)
55.48
65.25
51.11
49.33
75.60%
12.11
11.04
6.85%
42
Mid India Inds. Ltd.
Cotton & blended yarn
20.26
23.32
18.07
20.04
85.93%
5.62
5.11
16.82% 5.90%
43
Ankita Knit Wear Ltd.
Cloth (Fabrics)
73.83
101.91
66.28
100.2
98.32%
15.18
16.66
44
Surat Textile Mills Ltd.
Polyester filament yarn (PFY)
90.14
165.52
82.12
139.52
84.29%
19.09
25.42
3.32%
45
Jamshri Ranjitsinghji Spg. & Wvg. Mills Co. Ltd.
Cotton & blended yarn
47.71
42.26
46.99
34.63
81.95%
3.41
3.03
27.04%
46
Sri Venkatesa Mills Ltd.
Cotton & blended yarn
13.13
13.37
9.26
9.72
72.70%
4.54
6.3
11.54%
47
Actif Corporation Ltd.
Cotton & blended yarn
26.03
165.88
20.81
157.05
94.68%
189.3
349
0.27%
48
Thangavelu Spinning Mills Ltd.
Cotton & blended yarn
29.19
26.54
14.37
17.49
65.90%
9.43
8.31
7.93%
49
Prakash Woollen Mills Ltd.
Blankets & travelling rugs
42.36
30.62
32.58
21.48
70.15%
13.8
19.92
3.52%
50
Arvind Cotsyn (India) Ltd.
Cotton yarn
58.2
46.21
47.72
31
67.09%
24.73
22.49
2.98%
51
Kama Holdings Ltd.
Synthetic filament yarn other than sewing threads
168.7
121.46
132.32
90.17
74.24%
82.63
0.01
7423.84%
52
Sanrhea Technical Textiles Ltd.
Cloth (Fabrics)
11.22
12.43
9.42
11.94
96.06%
3.91
3.66
26.25%
53
Virat Industries Ltd.
Apparels - knitted / crocheted
9.43
14.04
5.75
6.63
47.22%
6.33
5.74
8.23%
54
Maris Spinners Ltd.
Cotton yarn
66.17
60.7
49.55
44.88
73.94%
31.1
25.52
2.90%
55
Arjay Apparel Industries Ltd.
Apparels (Readymade garment)
13.51
18.97
11.84
17.75
93.57%
0.53
0.44
212.66%
56
Pioneer Spinning & Weaving Mills Ltd.
Cotton yarn
32.63
34.6
24.63
26.66
77.05%
8.8
7.31
10.54%
57
Deepak Cosmo Ltd.
Wool & woollen textiles
39.94
40.65
39.81
43.43
106.84%
7.05
7.62
14.02%
58
Parani Spinning Mills Pvt. Ltd.
Cotton yarn
48.44
45.11
38.2
35.65
79.03%
29.02
24.31
3.25%
59
Suditi Industries Ltd.
Cloth processed
23.5
23.12
15.7
14.82
64.10%
5.49
6.45
9.94%
60
Celebrations Apparel Ltd.
Apparels - knitted / crocheted
9.45
15.16
8.66
8.24
54.35%
17.94
19.2
2.83%
61
Bhilwara Spinners Ltd.
Cotton & blended yarn
86.71
53.53
73.44
45.77
85.50%
25.61
17.46
4.90%
62
R J Knitwears Ltd.
Apparels (Readymade garment)
18.1
24.51
13.88
19
77.52%
3.63
3.38
22.93% 23.44%
63
Poddar Developers Ltd.
Apparels (Readymade garment)
46.89
13.14
8.58
8.1
61.64%
3.08
2.63
64
Ambadi Enterprises Ltd.
Cloth (Fabrics)
56.76
68.76
33.73
42.04
61.14%
8.55
10.88
5.62%
65
Vardhman Acrylics Ltd.
Acrylic fibre
211.15
240.74
154.48
205.95
85.55%
137
126.04
0.68%
66
Cheema Spintex Ltd.
Cotton yarn
82.34
93.65
68.11
78.54
83.87%
48.19
44.03
1.90%
67
S T I India Ltd.
Cotton yarn
159.97
176.34
147.31
160.86
91.22%
122.01
110.96
0.82%
68
Indian Yarn Ltd.
Synthetic filament yarn other than sewing threads
85.71
85.17
74
70.2
82.42%
40.81
46.73
1.76%
69
P J L Clothing (India) Ltd.
Apparels (Readymade garment)
201.3
242.24
87.41
82.32
33.98%
8.24
7.52
4.52%
70
Arex Industries Ltd.
Textile labels, badges
16.16
16.5
7.28
7.92
48.00%
19.77
20.19
2.38%
71
Bhaval Synthetics (India) Ltd.
Synthetic filament yarn other than sewing threads
19.67
32.15
17.18
29.98
93.25%
25.71
23.3
4.00%
72
Sohrab Textile Mills Ltd.
Twine, cordage, rope & cables
22.04
22.64
20.78
20.87
92.18%
1.38
3.25
28.36%
73
V K S M Cotton Mills Ltd.
Cotton yarn
22.27
19.86
17.48
14.73
74.17%
15.85
14.47
5.13%
74
Sri Bajrang Jute Mills Ltd.
Jute & jute products
55.82
66.75
42.49
56.25
84.27%
6.39
13.51
6.24%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
112
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
2.81
2.81
9.41%
77.29
64.96
29.63
25.66
50.36
38.92
5.6
6.04
19.07
17.03
0.53
0.6
3.72%
14.7
24.79
43.65
48.27
14
9.17
6.98
4.74
7.91
9.64
252.8 257.1
4.32
0.73
2.01%
73.97
166.21
72.26
84.2
47.47
28.46
3.45
5.86
5.16
5.14
260.8 263.3
3.07
8.09%
53.49
45.64
39.73
26.38
32.41
35.44
3.06
2.45
17.92
17.71
11.85
9.91%
94.95
93.56
69.43
47.35
13.64
14.58
13.49
19.15
4.38
10.76
270.1
1.46
1.65
4.11%
23.39
24
28.74
23.9
23.42
23.09
7.31
7.81
5.04
6.57
271.4
3.67
1.7
12.12%
21.53
26.59
15.5
47.82
48.19
35.73
5.79
8.22
0
2.93
271.6
0.49
0.78
6.65%
17.12
18.37
31.99
32.19
30.35
36.7
1.66
3.62
5.55
7.68
273.5
4.91
4.67
10.33%
36.73
38.98
14.78
8.67
116.24
75.75
1.82
1.57
12.93
12.23
274
7.2
13.64
7.77%
29.21
25.42
19.37
17.98
45.92
22.56
8.87
7.38
9.04
9.44
275.8 278.8
2.78
2.42
4.81%
NA
63.79
31.41
57.56
NA
52.48
NA
3.54
NA
10.59
6.25
11.84
15.39%
78.1
65.4
95.67
45.25
31.95
25.81
9.9
8.95
13.8
15.73
279.5
12.13
9.17
5.74%
35.86
20.82
21.91
26.04
24.54
20.22
0.47
0.76
18.46
11.08
284.5
0.95
0.98
7.48%
11.01
13.51
13.56
8.49
29.48
70.18
2.17
3.64
3.93
2.47
284.7
20.63
15.92
10.53%
27.75
50.99
12.68
27.61
21.02
24.65
3.23
5.16
17.09
18.59
285.9
4.81
7.9
9.18%
14.21
9.32
52.93
51.48
65.41
53.48
0
0.2
1.22
0.42
286
2.29
2.12
10.30%
19.07
24.66
20.91
12.35
22.33
17.58
13.65
17.45
15.1
13.17
286.1
10.8
11.96
9.13%
55.82
68.56
67.55
85.4
12.54
12.4
23.87
25.7
1.1
3.38
286.1
0.79
-2.41
-20.87%
150.16
99.95
22.14
101.68
35.1
10.91
14.75
5.25
14.77
14.57
288.3 288.6
-0.92
2.43
2.23%
61.54
64.7
82.29
88.82
10.39
13.16
8.94
7.01
11.81
9.97
3.8
3.88
5.84%
65.28
87.09
20.28
18.95
13.74
18.98
8.07
18.25
11.74
13.84
290.1
12.11
13.72
13.75%
48.38
49.29
47.85
50.3
20.88
19.01
8.24
9.16
13.16
14.55
290.5 290.6
2.33
3.11
7.68%
53.41
53.17
44.91
29.81
54.13
52.13
10.93
11.03
5.24
5.26
-2.72
-0.38
-0.58%
323.29
156
45.1
40.96
33.37
28.5
12.44
13.78
18.85
13.79
294.3
0.9
0.39
1.67%
37.17
40.2
37.61
27
17.84
16.25
11.06
10.6
13.91
12.47
296.2
6.06
8.89
8.72%
72.19
89.78
40.73
79.19
12.7
6.54
8.77
10.62
8.46
14.16
296.3
2.48
8.31
5.02%
30.74
13.77
86.01
25.51
20.74
11.69
13.96
5.35
22.24
14.79
298.7
-1.25
0.72
1.70%
16.16
7.88
110.41
108.34
1.48
3.11
7.04
7.48
2.88
3.35
299.5
3.16
2.42
18.10%
9.86
17.15
140.68
110
21.96
15.14
9.4
11.98
9.25
7.25
299.8
3.14
21.44
12.93%
5.39
21.4
2.6
48.08
5.14
21.95
3.57
1.24
2.19
10.01
301.7
2.04
1.45
5.46%
43.42
41.18
31.22
40.11
25.81
5.37
26.55
25.04
22.05
14.32
304
3.87
4.24
13.85%
116.3
181.61
20.4
23.22
17.84
20.83
19.69
44.19
8.39
21.2
306.5
9.17
7.86
17.01%
42.31
50.51
54.41
55.48
12.2
18.93
5.89
14.21
17.51
19.39
307
0.09
-8.06
-6.64%
42.48
24.79
101.99
14.42
49.25
34.36
13.33
8.23
26.44
15.24
307.7 309.7
1.14
-0.59
-4.75%
65.77
62.19
17.98
22.2
49.27
37.05
9.46
11.56
6.45
8.4
1.44
3.38
24.07%
30.9
23.8
56.85
29.35
69.45
61.96
11.87
7.57
24.93
17.99
310.1
7.27
6.41
10.56%
54.68
54.79
36.37
41.17
157.73
121.35
5.47
5.77
11.62
8.32
312.5 312.6
0.4
0.41
2.16%
56.03
33.32
37.41
38.89
69.95
52.63
1.45
3.28
9.36
9.53
4.62
3.91
11.30%
23.11
24.32
40.28
34.95
80.74
54.4
9.43
8.1
14.02
10.75
313.2
2.05
2.07
5.09%
63.73
64.04
22.48
17.02
43.15
27.44
8.16
5.9
16.84
36.12
315.5
5.96
5.88
13.03%
25.54
35.88
47.07
36.22
107.04
51.68
4.79
7.69
13.6
12.1
315.9
-0.88
0.48
2.08%
73.89
85.84
145.08
164.2
27.06
38.21
6.82
16.76
0.5
0.38
317.6
1.63
2.3
15.17%
48.91
48.77
133.01
86.57
31.76
25.78
14.51
8.56
30.91
23.54
318
7.15
-3.51
-6.56%
29.48
35.24
28.57
21.61
23.98
31.56
9.94
9.35
8.44
9.99
318.1
1.16
0.49
2.00%
NA
36.11
60.9
38.5
NA
58.05
NA
11.1
NA
0.07
319
31.61
0.53
4.03%
53.06
49.54
251.67
32.86
34.87
47.45
37.1
46.54
2.43
0.58
319.4
1.9
3.3
4.80%
53.6
52.65
42.46
55.48
42.82
44.35
2.15
1.63
23.97
29.18
319.7
31.4
19.63
8.15%
2.83
2.5
14.36
17.84
57
51.68
4.25
3.55
14.5
5.76
321.8
2.38
-1.36
-1.45%
73.48
67.99
54.93
46.15
94.46
67.73
6.24
6.72
3.37
2.39
324.6
-5.15
-24.84
-14.09%
11.78
9.65
68.73
63.4
26.58
7.78
4.17
3.64
4.14
3.62
325.6 326.2
10.09
7.95
9.33%
35.85
46.45
8.56
10.53
29.27
29.59
7.8
9.45
22.1
22.41
51.93
78.82
32.54%
NA
65.01
63.56
75.43
NA
11.04
NA
21.16
NA
32.7
327.6
5.63
5.13
31.09%
85.49
94.79
18.08
16.72
109.58
94.05
12.82
14.53
12.49
17.91
328.7
1.64
0.07
0.22%
12.43
6.76
131.15
118.21
8.91
3.64
5.75
6.89
1.81
1.08
330.5
0.4
0.4
1.77%
5.38
4.27
31.88
49.98
6.35
13.41
6.65
11.91
6.19
5.7
330.9
4.43
3.68
18.53%
17.84
30.75
9.79
8.26
59.57
39.22
23.57
39.1
8.69
11.33
331
5.56
4.03
6.04%
27.51
18.25
24.94
22.5
55.66
63.8
3.53
5.05
7.85
10.64
332.7
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
TexTILeS
2.55 10.28
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
113
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
75
Euro Fashion Inners Intl. Pvt. Ltd.
Apparels - knitted / crocheted
26.92
24.43
6.31
14.09
57.67%
1.23
3.92
2009
76
Madanapalle Spinning Mills Ltd.
Cotton & blended yarn
49.63
48.32
41.01
38.93
80.57%
12.34
13.82
5.83%
77
Arora Fibres Ltd.
Polypropylene fibre
14.27
10.7
13.84
8.74
81.68%
4.9
4.13
19.78%
78
Salona Cotspin Ltd.
Cotton yarn
46.22
49.08
35.98
37.09
75.57%
34.32
30.14
2.51%
79
First Steps Baby Wear Pvt. Ltd.
Track suits, ski suits, swimwear, knitted or croche
80.22
106.91
47
62.91
58.84%
13.74
14.17
4.15%
80
Palani Andavar Cotton & Synthetic Spinners Ltd.
Cotton yarn
16.59
12.76
13.87
12.22
95.77%
16.28
15.33
6.25% 5.09%
14.71%
81
Sri Ramiah Spinners Ltd.
Cotton yarn
27.17
28.21
22.64
21.96
77.84%
16.79
15.28
82
Anjani Synthetics Ltd.
Cloth (Fabrics)
195.63
212.33
174.15
186.52
87.84%
14.69
14.71
5.97%
83
Sudhan Spinning Mills Pvt. Ltd.
Cotton yarn
302.67
289.01
268.2
235.43
81.46%
22.1
22.35
3.64%
84
Gemini Dyeing & Printing Mills Ltd.
Cloth processed
24.12
10.83
18.09
8.27
76.36%
18.88
14.26
5.35%
85
Sree Jayalakshmi Autospin Ltd.
Cotton yarn
11.92
12.67
6.4
6.28
49.57%
2.43
2.19
22.63% 13.10%
86
Sri Kumaran Mills Ltd.
Cotton yarn
30.32
27.64
24.74
19.05
68.92%
5.61
5.26
87
Tara Health Foods Ltd.
Wool or animal hair carded or combed
101.18
195.09
90.09
163.72
83.92%
35.26
41.11
2.04%
88
Emtex Industries (India) Ltd.
Cloth processed
43.13
38.45
43.94
31.19
81.12%
8.09
6.83
11.88%
89
Ganges Manufacturing Co. Ltd.
Jute & jute products
124.02
177.62
130.75
118.01
66.44%
4.94
4.2
15.82%
90
Oripol Industries Ltd.
Cloth (Fabrics)
10.47
14.11
9.49
13.16
93.27%
1.45
1.56
59.79%
91
Acknit Industries Ltd.
Gloves, mittens (knitted or crocheted)
44.85
62.16
34.78
47.47
76.37%
17.05
18.02
4.24%
92
Modern Cotton Yarn Spinners Ltd.
Cotton yarn
37.02
26.55
31.95
22.97
86.52%
5.6
5.58
15.50%
93
Jasch Industries Ltd.
Coated / laminated textile fabrics
41.54
51.79
32.95
42.57
82.20%
18.8
19.43
4.23%
94
G P I Textiles Ltd.
Cotton yarn
213.24
235.52
180.75
198.86
84.43%
198.25
190.48
0.44% 0.31%
95
Suryajyoti Spinning Mills Ltd.
Cotton yarn
205.73
208.62
158.57
165.96
79.55%
172.2
257.88
96
Yogindera Worsted Ltd.
Acrylic filament yarn (AFY)
105.19
148.67
102.38
144.13
96.95%
40.25
63.53
1.53%
97
Sree Akkamamba Textiles Ltd.
Cotton yarn
81.68
82.34
60.06
59.76
72.58%
87.54
82.18
0.88%
98
Sree Karpagambal Mills Ltd.
Cotton & blended yarn
103.92
85.78
81.6
39.16
45.65%
35.7
35.21
1.30%
99
Katare Spinning Mills Ltd.
Cotton yarn
22.22
29.61
17.46
26.8
90.51%
19.95
18.98
4.77%
100
A P M Industries Ltd.
Synthetic filament yarn other than sewing threads
164.93
184.43
154.13
147.66
80.06%
60.04
128.34
0.62%
101
Sree Kaderi Ambal Mills Ltd.
Cotton & blended yarn
47.81
44.33
32.28
31.06
70.07%
21.94
27.99
2.50%
102
Sportking India Ltd.
Acrylic filament yarn (AFY)
238.67
265.77
196.56
208.27
78.36%
113.83
114.89
0.68%
103
Mafatlal Industries Ltd.
Cloth (Fabrics)
396.1
151.26
178.23
123.4
81.58%
37.98
33.74
2.42%
104
Rainbow Denim Ltd.
Denim
122.22
135.8
85.41
98.43
72.48%
138.69
133.38
0.54%
228.34
295.42
106.74
88.39
29.92%
8.87
8.45
3.54%
57.11
69.3
54.14
68.09
98.25%
39.41
32.33
3.04%
106.88
103.95
91.44
95.22
91.60%
28.05
26.7
3.43%
78.81
73.34
50.62
43.08
58.74%
18.1
17.14
3.43%
105
Lux Industries Ltd.
Other garments, knitted or crocheted
106
Modern Denim Ltd.
Cloth (Fabrics)
107
Northbrook Jute Co. Ltd.
Jute & jute products
108
Dhruv Globals Ltd.
Apparels (Readymade garment)
109
R M Mohite Textiles Ltd.
Cotton yarn
106.14
106.86
83.87
81.44
76.21%
88.8
103.72
0.73%
110
Auckland International Ltd.
Plastic coated / polyethylene jute bags
84.89
84.2
67.23
70.61
83.86%
13.95
13.81
6.07%
111
West Bengal Agro Textile Corpn. Ltd.
Transmission or conveyor belting of textile material
9.36
14.16
7.63
11.44
80.79%
2.26
2.95
27.39%
112
Cheviot Co. Ltd.
Jute yarn
183.78
189.25
122.01
117.03
61.84%
107.01
109.86
0.56%
113
D C M Ltd.
Cotton & blended yarn
164.96
217.32
143.29
165.94
76.36%
87.91
83.55
0.91%
114
Reliance Jute Mills (International) Ltd.
Jute & jute products
164.83
151.07
114.8
108
71.49%
44.78
48.42
1.48%
115
Simplex Mills Co. Ltd.
Cotton & blended yarn
19.36
12.83
17.96
11.04
86.05%
14.42
13.94
6.17%
116
Sri Kannapiran Mills Ltd.
Cotton & blended yarn
163.83
149.93
128.6
123.52
82.39%
80.29
75.77
1.09%
117
Sarla Performance Fibres Ltd.
Textured yarn of synthetic filament yarn
112.81
122.09
70.98
82.5
67.57%
51.44
50.82
1.33%
118
Kewal Kiran Clothing Ltd.
Apparels (Readymade garment)
168.18
152.91
81.62
53.64
35.08%
37.35
45.82
0.77%
119
Super Sales India Ltd.
Cotton yarn
97.14
105.33
62.44
58.78
55.81%
100.74
92.65
0.60%
120
Guhan Textile Mills Pvt. Ltd.
Cotton yarn
41.82
36.33
31.19
26.07
71.76%
22.85
19.6
3.66%
121
Richa Industries Ltd.
Cloth processed
99.71
148.4
80.24
112.97
76.13%
81.56
113.58
0.67%
122
Sri Ramakrishna Mills (Coimbatore) Ltd.
Cotton yarn
55.79
51.77
41.5
41.54
80.24%
45.93
42.12
1.91%
123
Flexituff International Ltd.
Other textile articles
220.27
260.39
155.61
179.6
68.97%
116.82
226.28
0.30%
124
Damodar Threads Ltd.
Cotton & blended yarn, processed
176.85
202.97
158.65
177.68
87.54%
80.88
87.62
1.00%
125
P B M Polytex Ltd.
Cotton & blended yarn
128.11
140.19
100.95
110.65
78.93%
74.08
68.93
1.15%
126
Ganga Acrowools Ltd.
Acrylic filament yarn (AFY)
59.67
72.19
41.19
54.79
75.90%
29.17
32.66
2.32%
127
Jaimurugan Textiles Ltd.
Cotton yarn
22.63
26.07
22.03
19.95
76.52%
14.81
13.53
5.66%
128
P M P Textiles Spg. Mills Ltd.
Cotton yarn
24.38
25.61
19.11
17.91
69.93%
30.24
28.07
2.49%
129
Andhra Pradesh Fibres Ltd.
Jute
27.39
27.55
20.98
20.89
75.83%
14.59
13.77
5.51%
130
Mecords India Ltd.
Cloth (Fabrics)
38.02
39.5
24.89
25.19
63.77%
25.92
28.22
2.26%
131
Silver Spark Apparel Ltd.
Apparels (Readymade garment)
93.38
88.95
62.53
57.11
64.20%
54.12
51.58
1.24%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
114
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
1.24
5.08%
82.39
58.81
36.79
41.98
100.67
40.1
12.46
6.55
62.03
42.96
333.1
1.76
1.89
3.91%
43.2
53.24
59.52
86.25
26.11
22.81
13.24
15.91
12.84
8.81
333.4
-0.23
-1.68
-15.70%
33.09
28.38
16.26
25
20.63
23.46
1.39
0.87
38.87
41.97
334.5
7.33
7.83
15.95%
46.95
44.34
14.71
10.25
90.38
77.07
7.78
11.25
15.14
13.99
335.5
5.16
6.44
6.02%
NA
40.96
64.3
50.82
NA
69.13
NA
14.4
NA
5.18
337.6
0.78
-0.11
-0.86%
23.4
33.99
177.96
180.77
38.17
27.06
3.41
3.28
4.04
9.53
340.5 340.6
2.03
1.54
5.46%
37.79
44.77
23.3
10.2
79.81
59.34
7.58
8.1
30.16
19.91
11.47
12.42
5.85%
72.99
88.42
54.59
48.85
22.65
32.15
7.66
9.18
17.28
23.39
343.2
21.46
20.21
6.99%
2.03
5.19
15.22
12.63
176.03
126.43
0.91
1.25
8.37
8.58
344.4 344.8
2.67
-0.82
-7.57%
124.11
266.24
184.37
76.58
197.75
328.04
2.4
3.19
0.88
7.77
0.42
0.47
3.71%
59.25
47.1
86.18
58.14
70.11
92.83
3.41
3.04
13.48
18.83
347.9
2.48
1.99
7.20%
32.6
36.34
32.08
34.88
50.94
51.25
7.14
8.64
20.71
24.69
348.6
15
29.82
15.29%
NA
40.56
25.92
22.91
NA
113.52
NA
3.6
NA
15.26
349.2
-6.75
-1.82
-4.73%
255.17
162.6
299.73
443.27
20.05
28.74
20.71
20.64
6.89
6.88
351.8
3.97
5.33
3.00%
74.59
65.05
146.63
107.56
61.1
30.12
6.13
8.27
41.76
27.66
354
0.67
0.83
5.88%
63.48
43.14
71.82
21.93
18.37
18.25
116.75
116.31
7.01
12.61
354.2
4.6
4.47
7.19%
49.82
33.15
28.22
22.52
62.83
47.18
11.8
9.17
15.03
20.05
354.4
0.17
-2.75
-10.36%
61.84
60.63
26.96
17.35
39.24
83.88
4.93
6.12
12.31
15.68
354.5 354.6
5.19
5.42
10.47%
78.42
77.56
59.03
58.56
72.29
63.94
13.54
12.32
10.07
11.13
14.39
7.96
3.38%
22.34
22.41
109.3
109.97
20.46
14.91
6.3
5.94
7.85
8.43
357.1
26.12
22.31
10.69%
49.08
47.52
32.54
75.45
45.59
43.22
5.69
9.88
6.53
7.86
357.3
8.02
11.51
7.74%
22.6
29.76
16.92
31.91
9.62
3.65
15.37
4.91
30.65
48.45
358
12.99
9.86
11.97%
30.53
30.12
53.71
40.57
103.76
60.25
10.66
10.35
11.69
10.06
359.9
8.6
3.17
3.70%
59.1
52.93
28.79
26.25
62.13
43.07
4.29
4.76
76.33
66.86
361.1
1.58
1.69
5.71%
13.04
11.78
62.22
50.01
17.78
26.93
7.43
8.45
17.5
13.27
361.9
10.23
11.12
6.03%
42.35
40.54
38.67
17.69
25.18
26.42
11.21
9.52
29.16
27.1
363
4.41
3.88
8.75%
NA
22.46
66.72
86.16
NA
5.76
NA
12.35
NA
18.99
363.4
26.26
8.79
3.31%
46.97
45.53
44.85
43.78
94.18
62.8
5.45
5.77
12.77
11.62
363.8
63.1
-35.82
-23.68%
80.53
215.04
320.95
484.1
8.3
10.74
22.31
28.13
6.38
8.52
364.4 364.5
6.25
7.92
5.83%
44.51
48.79
121.45
60.46
42.41
41.6
9.21
10.78
17.23
10.41
10.69
10.23
3.46%
73.04
71.01
73.77
63.36
36.34
19.5
37.88
38.38
39.89
19.42
365.1
-8.84
-2.67
-3.85%
62.9
40.38
56.81
61.75
24.85
19.04
9.52
8.66
20.94
14.37
365.4
-2.81
0.3
0.29%
16.86
29.51
66.35
115.66
33.66
28.99
2.33
4.86
2.14
10.9
366.6
4.33
4.53
6.18%
NA
91.42
35.12
32.37
NA
34.37
NA
21.53
NA
36.08
368.8
16.74
15.62
14.62%
69.47
70.45
34.08
24.79
42.53
34.58
15.78
19.16
20.56
26.12
368.9
3.23
1.36
1.62%
14.2
15.23
41.76
37.55
42.8
37.7
3.49
3.61
10.6
19.76
369.7
-0.18
0.17
1.20%
31.68
27.03
88.91
100.34
58.49
71.83
5.2
5.54
11.77
7.1
371.6
34.25
24.11
12.74%
19.41
21.9
30.64
24.62
67.65
68.6
6.31
7.18
16.95
18.91
371.8
7.87
16.3
7.50%
466.45
325.33
179.87
138.32
175.37
139.45
5.95
5.29
12.24
9.04
371.8
8.4
6.22
4.12%
13.8
15.01
28.11
36.84
39.7
47.66
8.12
11.42
10.41
8.37
372
-0.41
-0.95
-7.40%
24.65
19.31
42.73
27.33
27.45
28.15
14.96
18.85
8.66
8.38
373.3
15.22
7.69
5.13%
58.87
68.72
67.9
88.71
32.3
34.05
3.49
4.21
23.63
26.98
375.1
20.97
19.29
15.80%
94.16
102.17
79.76
71.21
58.55
60.43
15.36
14.43
17
19.68
377.9
38.58
28.14
18.40%
65.6
67.04
47.5
52.46
18.22
22.44
29.15
30.53
39.72
36.34
379.3
30.68
19.67
18.67%
40.05
40.7
65.57
25.32
172.22
120.94
8.73
7.77
28.77
20.02
380.9
4
3.38
9.30%
37.96
49.8
67.75
59.67
115.13
83.82
8.9
10.63
19.22
13.18
381
16.98
24.99
16.84%
64.03
70.13
84.03
44.37
131.01
149.76
32.26
18.28
1.65
2.3
381.3
-0.95
-1.98
-3.82%
87.15
88.66
207.04
187.94
47.49
29.4
12.88
9.41
30.61
15.62
385.6
21.81
22.53
8.65%
45.54
41.3
54.16
78.02
19.59
25.17
15.08
16.43
16.25
15.34
385.8
14.38
21.42
10.55%
33.66
32.21
23.55
17.42
33.94
37.22
14.39
17.46
7.12
15.4
386.1
12.12
11.16
7.96%
19.83
20.39
17.94
14.09
126.92
90.43
7.68
7.71
11.26
12.68
386.2
6.6
10.4
14.41%
45.72
42.57
62.67
58.84
29.01
35.4
11.23
11.52
37.33
28.99
386.7
1.94
3.06
11.74%
87.25
88.94
159.62
178.83
36.5
32.33
6.03
8.84
52.43
52.53
387.5
3.55
1.87
7.30%
0.37
3.71
132.59
160.17
43.61
20.21
9.36
7.35
26.39
19.88
387.7
3.21
3.31
12.01%
20.97
17.99
46.53
57.68
80.95
84.89
6.81
9.65
9.31
9.38
389.1
8.17
9.41
23.82%
154.79
120.92
48.65
34.43
64.98
69.1
75.77
85.41
13.23
17.84
389.2
14.89
8.95
10.06%
42.96
32.56
68.23
51.44
54.19
46.47
18.25
9.15
23.83
25.52
389.2
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
TexTILeS
1.26
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
115
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
132
Gini & Jony Ltd.
Apparels (Readymade garment)
155.36
199.33
110.83
166.68
83.62%
52.52
57.07
2009 1.47%
133
Sybly Industries Ltd.
High tenacity yarn of polyesters
72.93
59.18
66.76
53.8
90.91%
26.2
24.58
3.70%
134
Naihati Jute Mills Co. Ltd.
Jute & jute products
104.9
101.76
88.1
91.82
90.23%
6.98
7.41
12.18%
135
Seasons Textiles Ltd.
Cloth (Fabrics)
34.27
36.21
22.33
22.28
61.53%
20.14
29.66
2.07%
136
Konark Synthetic Ltd.
Textured yarn of synthetic filament yarn
59.21
68.79
51.87
59.15
85.99%
33.47
44.28
1.94%
137
Ginza Industries Ltd.
Other textile articles
111.08
128.13
97.48
108.46
84.65%
114.98
108.61
0.78%
138
Kandagiri Spinning Mills Ltd.
Cotton yarn
88.71
92.43
61.36
70.17
75.92%
116.71
138.88
0.55%
139
Kallam Spinning Mills Ltd.
Cotton & blended yarn
62.17
69.65
40.59
45.8
65.76%
65.52
80.37
0.82%
140
Bhilwara Processors Ltd. [Merged]
Cloth processed
25.32
27.65
19.46
20.68
74.79%
26.58
25.25
2.96%
141
Southern Spinners & Processors Ltd.
Cotton yarn
28.86
33.56
26.9
30.02
89.45%
7.29
7.21
12.41%
142
Scan Synthetics Ltd.
Synthetic filament yarn other than sewing threads
23.45
17.87
17.73
12.46
69.73%
8.63
7.22
9.66%
143
Pasupati Spinning & Wvg. Mills Ltd.
Synthetic filament yarn other than sewing threads
138.84
99.55
99.03
66.13
66.43%
63.76
51.16
1.30%
144
Agrawal Indotex Ltd.
Textured yarn of synthetic filament yarn
56.41
62.99
46.09
64.56
102.49%
48.41
52.96
1.94%
145
Oswal Knit India Ltd.
Apparels (Readymade garment)
65.86
76.4
58.45
36.6
47.91%
6.81
7.01
6.83%
146
Dhanlaxmi Fabrics Ltd.
Cloth processed
46.71
47.28
31.35
37.92
80.20%
32.17
41.53
1.93%
147
Nagreeka Exports Ltd.
Cotton yarn
334.11
266.72
295.94
222.58
83.45%
92.52
93.81
0.89%
148
G I V O Ltd.
Men’s suits, trousers (knitted or crocheted)
28.34
18.37
14.17
13.32
72.51%
23.67
21.05
3.44%
149
Howrah Mills Co. Ltd.
Jute & jute products
156.34
162.22
111.67
127.02
78.30%
28.5
34.15
2.29% 0.49%
150
Ginni International Ltd.
Cotton yarn
210.28
231.37
170.17
175.87
76.01%
163.45
155.69
151
Shital Fibres Ltd.
Blankets & travelling rugs
89.88
99.06
74.24
79.51
80.26%
25.47
33.78
2.38%
152
Addi Industries Ltd.
Apparels - knitted / crocheted
16.93
23.44
5.37
7.73
32.98%
10.82
11.46
2.88%
153
Van Tex Ltd.
Cotton yarn
22.34
15.7
18.33
9.93
63.25%
7.03
6.44
9.82%
154
Annur Satya Textile Ltd.
Cotton yarn
14.72
15.92
14.16
12.33
77.45%
17.97
19.42
3.99%
155
Thanjavur Spinning Mill Ltd.
Cotton yarn
41.54
40.49
25.2
31.81
78.56%
53.64
64.7
1.21%
156
Integra Apparels & Textiles Pvt. Ltd.
Apparels (Readymade garment)
76.09
92.4
59.45
62.28
67.40%
32.92
33.04
2.04%
157
Siddhartha Super Spg. Mills Ltd.
Synthetic filament yarn other than sewing threads
48.35
45.31
40.23
36.9
81.44%
7.26
13.29
6.13%
158
Maharaja Shree Umaid Mills Ltd.
Cotton & blended yarn
257.45
298.97
225.2
248.12
82.99%
77.75
134.5
0.62%
159
Thambbi Modern Spg. Mills Ltd.
Cotton & blended yarn
19.89
34.38
17.6
26.01
75.65%
6.57
11.34
6.67%
160
Winsome International Ltd.
Jute & jute products
73.01
38.89
56.04
35.72
91.85%
26.87
26.31
3.49% 0.42%
161
Garg Acrylics Ltd.
Cotton & blended yarn
173.66
250.45
141.66
203.9
81.41%
98.73
192.87
162
Gnanambikai Mills Ltd.
Cotton yarn
22.88
17.24
16.38
14
81.21%
12.2
11.57
7.02%
163
Kumaragiri Textiles Ltd.
Cotton yarn
28.1
25.12
18.35
18.46
73.49%
18.13
15.13
4.86%
164
Jindal Texofab Ltd.
Cloth (Fabrics)
50.27
26.97
39.96
14.58
54.06%
12.62
14.21
3.80%
165
Timespac India Ltd.
Woven blended fabrics of synthetic staple fibres
13.75
16.82
12.85
14.19
84.36%
5.67
7.04
11.98%
166
Vijay Garments Ltd.
Apparels (Readymade garment)
34.52
42.26
24.85
30.02
71.04%
11.68
12.16
5.84%
167
V M T Spinning Co. Ltd.
Cotton yarn
91.12
103.97
63.17
73.55
70.74%
56.67
56.82
1.25%
168
Kamadgiri Synthetics Ltd.
Cloth (Fabrics)
35.83
82.76
29.13
59.47
71.86%
12.01
18.46
3.89%
169
Deepak Spinners Ltd.
Cellulose acetate yarn
197.2
140.91
159.3
105.87
75.13%
110.15
93.3
0.81%
170
Birla Cotsyn India Ltd.
Textured yarn of synthetic filament yarn
85.18
199.5
71.34
183.93
92.20%
120.31
283.71
0.32%
171
Orbit Exports Ltd.
Cloth (Fabrics)
39.06
44.05
34.88
35.55
80.70%
4.93
4.35
18.55%
172
Amarjothi Spinning Mills Ltd.
Cotton yarn
77.07
93.18
62.92
51.23
54.98%
67.95
78.44
0.70%
173
Mafatlal Denim Ltd.
Denim
79.87
109.68
76.9
87.96
80.20%
112.53
102.35
0.78%
174
H P Cotton Textile Mills Ltd.
Cotton yarn
64.07
52.53
37.19
25.61
48.75%
15.01
13.42
3.63%
175
Suryavanshi Spinning Mills Ltd.
Cotton & blended yarn
172.34
157.88
147.55
125.82
79.69%
82.69
81.98
0.97%
176
Zodiac Clothing Co. Ltd.
Apparels (Readymade garment)
242.88
280.2
130.45
136.99
48.89%
42.5
51.98
0.94% 20.81%
177
Subhash Polytex Ltd.
Acrylic filament yarn (AFY)
30.86
33.54
30.42
34.62
103.22%
4.77
4.96
178
V T M Ltd.
Cloth (Fabrics)
94.46
93.75
74.81
57.79
61.64%
58.63
53.31
1.16%
179
Modern Threads (India) Ltd.
Cotton & blended yarn
82.94
85.15
65.93
64.31
75.53%
45.63
42.43
1.78%
180
Durairaj Mills Ltd.
Cotton yarn
32.3
28.99
22.91
21.56
74.37%
34.69
51.33
1.45%
181
Nitin Spinners Ltd.
Cotton yarn
201.62
262.35
152.02
213.73
81.47%
287.41
313.25
0.26%
182
Calcutta Jute Mfg. Co. Ltd.
Jute & jute products
22.76
24.08
21.12
20.4
84.72%
1.88
1.47
57.63%
183
Bhandari Hosiery Exports Ltd.
Apparels - knitted / crocheted
75.06
80.27
62.15
71.53
89.11%
10.3
11.51
7.74%
184
Vishnu Cotton Mills Ltd.
Cotton yarn
48.07
47.45
40.1
39.38
82.99%
24
22.06
3.76%
185
Anjani Fabrics Ltd.
Cloth (Fabrics)
86.3
169.24
80.32
161.83
95.62%
23.61
24.47
3.91%
186
Gloster Jute Mills Ltd.
Jute & jute products
157.68
168.23
110.87
121.31
72.11%
57.53
57.49
1.25%
187
Sumeet Industries Ltd.
Polypropylene filament yarn (PPFY)
130.15
159.03
106.56
138.26
86.94%
47.52
152.12
0.57%
188
Centwin Textile Mills Pvt. Ltd.
Cotton yarn
48.89
43.58
54.54
34.38
78.89%
30.31
27.12
2.91%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
116
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
24.34
28.68
14.39%
91.21
123.54
35.64
56.73
12.76
10.08
15.38
17.72
85.91
85.64
389.6
5.06
2.68
4.53%
80.24
111.48
86.94
116.03
24.67
26.65
44.15
53.8
7.81
7.93
390.2
2.84
1.74
1.71%
7.29
14.67
56.1
61.97
34.96
36.89
8.65
8.86
5.26
10.99
390.7
4.5
4.97
13.73%
82.7
87.38
50.8
48.07
151.65
266.19
4.78
4.08
42.67
42.11
393.4
6.67
9.70%
84.15
139.34
101.35
168.38
34.12
13.75
88.58
36.55
14.86
17.25
393.7
13.66
10.66%
52.98
56.1
33.77
29.52
28.98
24.15
11.77
9.39
89.46
100.47
394.2 394.9
19.08
13.65
14.77%
42.32
49.54
64.58
40.91
127.79
72.79
23.14
21.97
16.4
8.9
15.56
16.54
23.75%
20.44
17.08
37.65
11.71
165.37
149.61
14.65
14.03
10.55
9.76
395.1
1.98
2.93
10.60%
29.78
25.97
147.55
74.72
85.29
70.46
17.15
20.42
0.38
0.14
397.6
-0.67
-1.28
-3.81%
32.99
34.26
29.94
18.79
58.28
66.2
5.61
4.63
33.79
32.53
397.7
2.28
2.01
11.25%
34.16
51.14
47.88
53.99
16.62
36.53
77.17
113.49
21.36
18.8
398.4 398.4
10.63
1.96
1.97%
83.7
91.65
72.34
88.26
18.95
13.6
9.5
11.48
45.94
54.59
6.11
10.13
16.08%
NA
23.28
23.08
18.39
NA
28.02
NA
28.94
NA
17.76
399.7
3.6
4.09
5.35%
105.79
103.16
259.83
247.45
63.15
72.1
1.81
1.21
122.43
94.57
399.9 402.3
7.53
7.04
14.89%
57.89
59.23
53.16
66.89
29.02
32.52
10.45
11.54
46.89
40.22
24.47
7.63
2.86%
36.39
25.97
15.44
14.85
60.31
61.74
5.78
4.83
13.18
24
402.9
3.04
1.55
8.44%
259.66
391.26
229.59
240.42
70.07
102.6
12.39
9.77
35.37
14.71
403.4
15.23
9.12
5.62%
39.02
38.58
46.99
55.77
58.37
71.16
4.5
5.32
15.11
20.88
404.2
13.78
15.47
6.69%
33.31
37.95
26.64
25.4
72.58
61.94
21.45
18.83
15.26
10.88
405.2
6.65
8.15
8.23%
80.36
84.71
125.15
97.98
132.69
111.62
25.81
14.43
5.65
6.77
406.8
-1.06
1.27
5.42%
30.62
46.97
44.6
23.12
116.38
89.68
8.2
9.43
37.14
36.47
408.7
0.89
-0.14
-0.89%
29.07
34.87
42.22
29.61
35.12
25.39
13.3
19.65
32.19
47.78
408.9 409.3
1.47
1.21
7.60%
21.04
26.09
38.76
19.05
99.75
117.02
8.43
13.46
9.55
12.63
6.02
3.45
8.52%
16.64
20.45
15.79
31.91
119.79
95.54
6.24
6.77
29.86
15.08
409.4
5.59
1.03
1.11%
50.05
55.84
50.96
66.18
27.85
29.29
11.64
32.76
24.07
16.21
409.8
4
1.11
2.45%
6.9
10.24
41.64
48.97
32.19
33.86
14
17.64
13.09
12.24
410.3
22.09
26.15
8.75%
17.73
18.15
19.6
19.36
99.39
90.8
7.49
8.27
11.67
11.27
410.8
1.11
3.22
9.37%
51.75
28.43
185.27
77.79
20.9
31.63
23.87
16.75
38.09
25.95
412.6
4.91
2.08
5.35%
32.94
41.9
43.36
40.81
32.28
101.25
4.01
6.59
7.55
15.92
413.3
24.97
29.65
11.84%
35.72
31.51
46.63
54.46
102.68
79.41
5.03
2.67
23.25
20.42
414.7
0.93
0.97
5.63%
23.89
32.85
58.99
74.73
58.41
50.57
10.9
12.76
22.48
14.89
415.3
4.71
4.53
18.03%
18.35
17.88
120.66
127.18
75.89
36.03
5
8.39
44.98
35
417
2.38
2.46
9.12%
29.98
37
212.88
93.78
20.02
72.7
1.32
0.63
24.33
78.76
417.6
1.45
1.84
10.94%
NA
75.55
135.59
92.03
NA
41.35
NA
148.46
NA
14.03
419.1
0.13
2.2
5.21%
NA
72.11
35.72
37.12
NA
69.41
NA
47.15
NA
17.2
419.1
17.47
23.37
22.48%
21.3
20.28
22.18
23.76
217.51
174.2
13.39
15.12
8.17
11.33
420.5
2.72
4.77
5.76%
58.05
54.78
54.61
95.04
100.42
52.89
4.3
14.14
20.4
19.95
421.2
16.05
7.65
5.43%
35.73
63.27
13.15
24.66
42.64
33.29
11.64
18.47
30.9
47.36
422.5 423.3
5.48
12.97
6.50%
46.15
37.39
87.34
61.31
30.77
31.19
13.75
17.44
21.96
11.44
4.38
2.99
6.79%
33.51
34.42
32.79
19.03
40.02
39.87
13.76
16.32
65.61
67.9
423.9
14.36
20.72
22.24%
45.1
39.25
10.12
12.34
93.58
85.73
9.81
9.92
67.74
55.51
424.3
-6.62
2.55
2.32%
65.67
59.96
50.99
46.04
53.9
22.75
21.78
21.6
35.29
27.61
425.5
-2.51
2.75
5.24%
31.26
24.96
46.83
50.63
52.21
75.98
2.72
3.51
60.57
54.21
425.6
12.34
3.54
2.24%
40.31
34.27
54.05
40.59
46.63
41.01
9.14
11.11
20.49
21.16
425.7
34.73
28.87
10.30%
32
28.08
50.96
56.2
79.55
85.95
6.48
5.99
29.56
31.2
426.9
1.15
1.41
4.20%
26.93
21.49
45.38
86.42
35.57
26.95
3.43
5.02
24.06
47.37
428.7
8.08
10.4
11.09%
29.13
38.26
12.65
12.01
39.66
45.74
24.16
25.85
52.31
51.03
428.8
7.28
7.42
8.71%
33.37
33.54
118.98
123.27
34.92
27.31
17.13
15.02
23.36
26
432.9
3.07
2.66
9.18%
62.59
63.72
31.48
36.11
131.34
129.69
7.32
8.96
39
32.76
434.6
32.15
-4.41
-1.68%
17.47
18.76
20.54
33.99
110.26
65.91
10.69
9
9.86
10.5
435.2
0.01
-0.9
-3.74%
NA
1.21
87.01
99.83
NA
21.77
NA
14.81
NA
15.79
435.7
4.6
4.08
5.08%
27.69
23.07
25.81
23.52
30.43
36.57
57.1
123.97
8.4
14.05
437.1
5.19
4.95
10.43%
23.78
23.44
80.05
78.99
78.24
82.89
14.11
18.2
5.65
6.34
437.1
8.72
12.42
7.34%
68.54
56.37
117.32
73.79
61.21
36.03
18.7
15.88
24.92
29.58
437.2
25.38
22.45
13.34%
10.19
14.54
40
35.84
61.02
65.95
12.41
18.13
11.52
16.45
437.5
13.04
14.95
9.40%
19.16
16.64
23.53
13.69
40.97
53.28
36.12
54.1
8.74
6.91
438.1
6.2
6.34
14.55%
75.67
58.65
68.57
87.85
73.54
52.98
7.06
8.16
51.98
91.61
438.2
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
TexTILeS
4.5 27.41
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
117
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
189
Sri Ramnarayan Mills Ltd.
Cotton yarn
20.01
18.96
18.63
12.07
63.66%
7.02
5.36
2009 11.88%
190
Rajapalayam Mills Ltd.
Cotton yarn
241.57
253.21
148.01
163.44
64.55%
291.33
323.72
0.20%
191
Sri Lakshmi Saraswathi Textiles (Arni) Ltd.
Cotton yarn
68.08
70.09
57.8
52.1
74.33%
29.67
27.79
2.67%
192
Ganesh Polytex Ltd.
Textured yarn of synthetic filament yarn
106.4
135.43
79.74
111.07
82.01%
48.4
61.98
1.32%
193
Mahalakshmi Fibres & Inds. Ltd.
Cotton yarn
17.17
16.66
13.94
13.29
79.77%
0.52
0.5
159.54%
194
Ruby Mills Ltd.
Cloth (Fabrics)
119.05
128.78
62.77
66.53
51.66%
260.74
368.09
0.14%
195
Shree Rajasthan Syntex Ltd.
Cotton & blended yarn
277.34
271.32
267.53
220.15
81.14%
150.02
151.9
0.53%
196
Tuticorin Spinning Mills Ltd.
Cotton yarn
29.73
31.75
22.51
18.96
59.72%
32.14
29.14
2.05%
197
Anisa Carpets Ltd.
Carpets
17.59
14.62
7.76
7.37
50.41%
5.15
5.4
9.34%
198
T T Ltd.
Cotton & blended yarn
648.35
242.57
567.61
214.83
88.56%
142.3
202.87
0.44%
199
Just Textiles Ltd.
Apparels (Readymade garment)
42.41
40.35
21.72
27.34
67.76%
35.6
34.19
1.98%
200
Mountain Spinning Mills Ltd.
Cotton yarn
28.54
30.42
19.86
18.81
61.83%
39.87
36.83
1.68%
201
Gupta Synthetics Ltd.
Textured yarn of synthetic filament yarn
353.68
238.97
342.06
199.08
83.31%
107.7
104.45
0.80%
202
Uniworth Ltd.
Wool yarn
127.85
110.82
97.11
85.04
76.74%
78.83
73.6
1.04%
203
Budge Budge Co. Ltd.
Jute & jute products
80.14
93.71
63.27
81.32
86.78%
62.72
60.56
1.43%
204
Meridian Apparels Ltd.
Apparels (Readymade garment)
158.69
133.29
114.66
94.32
70.76%
47.71
46.94
1.51%
205
Soundararaja Mills Ltd.
Man-made filaments
231.16
195.19
201.69
114.93
58.88%
267.73
239.27
0.25%
206
Ramaraju Surgical Cotton Mills Ltd.
Cotton yarn
99.18
122.47
64.19
91.58
74.78%
179.48
212.56
0.35%
207
Sky Industries Ltd.
Rubberised textile fabrics (elastic tapes)
63.04
61.57
38.72
34.89
56.67%
22.7
19.94
2.84%
208
Gem Spinners India Ltd.
Cotton yarn
104.51
104.42
91.73
99.93
95.70%
29.22
27.09
3.53%
209
Selection Synthetics Ltd.
Man-made fabrics
47.23
19.07
37.24
6.28
32.93%
9.49
8.6
3.83%
210
Prathishta Weaving & Knitting Co. Ltd.
Cotton & blended yarn
17.73
12.49
11.9
9.7
77.66%
4.31
3.7
20.99%
211
Zenith Exports Ltd.
Silk & silk textiles
238.34
239.88
181.35
180.96
75.44%
59.42
59.53
1.27%
212
Jindal Worldwide Ltd.
Bed linen, table linen
144.59
185.52
117.37
148.29
79.93%
84.69
85.92
0.93%
213
Bengal Tea & Fabrics Ltd.
Cotton yarn
126.85
127.81
88.68
81.75
63.96%
66.79
88.86
0.72%
214
Prabartak Jute Mills Ltd.
Jute & jute products
56.51
55.28
45.39
46.77
84.61%
4.06
3.78
22.38% 0.43%
215
Lakshmi Mills Co. Ltd.
Cotton & blended yarn
103.1
106.85
69.99
78.34
73.32%
168.79
169.55
216
Trinity India Ltd.
Cloth (Fabrics)
69.27
71.02
43.63
46.37
65.29%
27.96
30.62
2.13%
217
Juliet Products Ltd.
Other textile articles
16.94
19.21
13.1
15.65
81.47%
10.43
15.17
5.37%
218
Evinix Industries Ltd.
Apparels (Readymade garment)
119.01
121.77
93.89
88.09
72.34%
23.75
42.53
1.70%
219
Celebrity Fashions Ltd.
Apparels - knitted / crocheted
335.65
263.96
252.59
236
89.41%
150.16
107.82
0.83%
220
Voith Paper Fabrics India Ltd.
Paper machine clothing
47.69
45.08
19.65
18.3
40.59%
26.63
29.77
1.36%
221
Wires & Fabriks (S.A.) Ltd.
Textile products for technical uses
49.63
51.52
21.11
25.26
49.03%
54.25
73.23
0.67%
222
Nutech Global Ltd.
Woven fabrics of man-made filaments
25.32
25.16
20.45
16.72
66.45%
6.76
6.03
11.02%
223
Ludlow Jute & Specialities Ltd.
Jute & jute products
157.97
171.04
118.5
129.54
75.74%
26.96
29.43
2.57%
224
Indo Count Inds. Ltd.
Cotton yarn
291.15
289.1
242.11
182.54
63.14%
273.82
405.09
0.16%
225
Haryana Texprints (Overseas) Ltd.
Cloth processed
32.25
38.08
27.17
31.12
81.72%
7.56
6.84
11.95%
226
Reliance Chemotex Inds. Ltd.
Cotton & blended yarn
227
Indus-League Clothing Ltd.
Apparels (Readymade garment)
146.8
136.9
109.03
100.26
73.24%
42.56
73.61
0.99%
175.87
228.77
164.43
154.71
67.63%
23.04
27.66
2.44%
228
Hind Syntex Ltd.
Synthetic filament yarn other than sewing threads
78.15
62.2
229
Bannari Amman Spinning Mills Ltd.
Cotton yarn
197.66
286.7
74.25
52.64
84.63%
46.72
42.17
2.01%
157.39
221.05
77.10%
435.03
464.26
230
Black Rose Inds. Ltd.
Woven fabrics of synthetic staple fibres
32.53
41.04
29.83
0.17%
31.35
76.39%
2.84
1.84
41.52%
231
Riba Textiles Ltd.
Towels including turkish towels
52.45
52.4
28.86
20.68
39.47%
35.54
33.92
1.16%
232
Sundaram Textiles Ltd.
Cotton yarn
34.41
38.7
24.11
22.08
57.05%
33.64
31.03
1.84%
233
Winsome Textile Inds. Ltd.
Cotton yarn
163.39
177.48
117.52
116.53
65.66%
174.16
172.18
0.38%
234
Garware Marine Inds. Ltd.
Fishing nets
12.29
11.61
11.02
9.01
77.61%
2.44
3.89
19.95% 0.87%
235
Sabare International Ltd.
Other textile articles
154.96
146.52
135.83
115.5
78.83%
108.63
90.22
236
K K P Textiles Ltd.
Cotton yarn
237.62
96.11
190.98
73.35
76.32%
37.57
34.98
2.18%
237
Raymond Woollen Outerwear Ltd.
Woven fabrics of wool
40.7
46.9
27.77
31.84
67.89%
31.26
30.52
2.22%
238
Uniworth Textiles Ltd.
Wool & woollen textiles
51.81
56.59
47.14
41.29
72.96%
23.49
21.76
3.35%
239
Priyadarshini Spinning Mills Ltd.
Synthetic filament yarn other than sewing threads
195.4
181.01
167.32
132.12
72.99%
134.6
129.13
0.57%
240
Aruppukottai Shri Ramalinga Spinners Pvt. Ltd.
Cotton yarn
46.64
37.07
29.59
43.06
116.16%
27.83
28.77
4.04%
241
Oxford Industries Ltd.
Cloth (Fabrics)
12.83
19.29
7.95
16.85
87.35%
16.74
15.41
5.67%
242
Ambika Cotton Mills Ltd.
Cotton yarn
167.41
181.48
105.79
113.08
62.31%
293.51
291.18
0.21%
243
Rana Polycot Ltd.
Cotton yarn
136.44
140.59
104.97
101.88
72.47%
245.64
237.57
0.31%
244
Bally Jute Co. Ltd.
Jute & jute products
100.14
98.23
84.45
81.84
83.31%
85.06
89.22
0.93%
245
Jai Hind Spg. Mills Ltd.
Cotton & blended yarn
22.64
21.96
16.98
14.98
68.21%
18.51
15.54
4.39%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
118
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
1.96
1.69
8.91%
0.55
1.54
23.39
34.43
79.87
75.44
9.69
10.66
40.4
32.79
438.5
55.85
59.18
23.37%
28.22
32.95
52.28
41.52
148.44
143.67
8.45
8.39
23.61
23.36
438.8 441.3
4.1
5.85%
39.56
44.49
35.83
35.83
103.85
93.18
13.59
8.42
37.1
37.55
11.78
16.57
12.24%
26.48
23.02
28.89
33.16
55.83
50.42
13.64
14.03
17.87
27.75
441.7
-0.02
0.59
3.54%
16.7
18.63
75.04
70.08
47.41
65.15
7.5
8.18
37.62
24.92
442.6
26.35
26.83
20.83%
36.23
37.61
190.13
266.82
49.9
47.78
53.84
57.16
9.08
9.19
443.8
18.97
5.25
1.93%
27.65
24.24
40.62
46.86
28.82
28.33
9.1
8.78
28.61
35.41
444.9
6.17
5.35
16.85%
12.05
8.26
39.22
25.62
115.62
92.02
9.18
9.9
45.64
35.51
445.4
0.76
0.7
4.79%
88.71
130.66
57.95
57.18
94.63
72.36
49.91
66.33
25.68
26.03
445.8
23.21
-10.33
-4.26%
12.71
31.94
6.51
14.17
113.99
116.87
6.43
7.33
5.28
14.36
446.5
5.48
4.4
10.90%
NA
77.59
140.03
95
NA
84.26
NA
41.77
NA
13.82
446.9
4.69
4
13.15%
16.8
11.49
51.94
41.5
143.96
99.85
12.26
10.12
34.2
22.59
448
16.45
9.49
3.97%
69.82
112.01
48.78
58.75
13.6
16.78
34.03
52.41
15.47
31.97
448.4
22.11
8.13
7.34%
1359.06
1617.75
1086.38
1240.38
36.47
39.34
42.2
40.52
13.42
18.24
448.5
3.12
1.6
1.71%
13.67
15.91
143.74
121.64
30.1
45.43
8.6
9.52
7.15
9.45
451.1
11.17
-5.41
-4.06%
45.77
46.64
26.12
48.81
101.88
251.03
13.62
20.69
6.03
5.1
451.2 452.2
25.21
5.24
2.68%
35.57
26.36
57.6
50.41
70.16
53.67
8.16
6.74
42.43
39.67
17.25
18.06
14.75%
15.79
19.09
32.57
27.19
122.77
100.16
9.87
12.38
16.44
16.12
453
6.36
5.91
9.60%
59.97
70.38
85.5
95.46
39.49
49
46.01
31.71
42.9
36.01
453.1
5.03
-0.36
-0.34%
98.27
97.62
164.76
127.73
180.85
209.65
5.62
7.04
9.94
13.69
453.2
-3.09
-5.82
-30.52%
106.7
293.89
94.45
89.06
37.04
48.65
25.79
33.24
30.14
32.82
453.3 454.8
1.79
1.58
12.65%
8.94
15.16
18.25
23.35
60.28
51.72
14.03
18.57
24.53
53.7
13.31
16.45
6.86%
53.62
51.06
43.92
40.39
48.94
49.04
17.57
16.48
47.62
51.55
454.9
19.02
17.91
9.65%
42.18
42.78
74.47
74.07
79.67
75.18
13.44
15.09
8.88
15.51
455.6
14.15
14.05
10.99%
24.54
24.91
47.56
57.18
93.88
83.31
22.29
22.36
15.24
12.21
455.7
1.31
0.72
1.30%
11.97
19.73
65.79
73.16
42.13
51.67
5.93
7.91
35.64
30.78
455.9
-3.28
5.02
4.70%
29.44
38.01
48.97
61.42
45.35
42.68
10.1
9.61
54.01
35.59
458.1
12.94
10.14
14.28%
NA
54.22
104.74
120.18
NA
174.37
NA
55.76
NA
5.46
458.4
2.22
1.91
9.94%
NA
73.38
118.39
97.1
NA
26.35
NA
50.4
NA
47.34
459.1
20.46
16.33
13.41%
98.37
134.41
56.31
62.02
72.54
132.19
35.96
41.02
16.81
17.81
460.5 462.2
7.32
-95.39
-36.14%
62.67
76.48
91.72
37.51
162.09
102.91
6.78
4.1
37.94
35.23
16.92
13.31
29.53%
62.02
64.89
39.35
43.97
160.01
162.55
25.68
36.14
35.07
26.64
463.1
11.05
11.02
21.39%
112.69
119.97
77.88
120.05
131.46
215.7
19.07
21.84
12.81
16.98
463.6
1.98
1.73
6.88%
48.42
47.01
34.68
28.14
45.7
74.12
31.16
39.08
45.18
42.26
465.6
6.98
7.29
4.26%
15.95
18.8
72.52
84.76
81.02
96.26
4.51
6.18
9.8
18.71
466.3
16.72
-33.34
-11.53%
41.96
37.01
88.14
45.47
48.6
36.15
26.14
36.31
13.26
18.55
466.3
2.98
2.96
7.77%
75.31
78.66
91.65
98.57
54.66
59.02
52.42
54.13
17.43
19.82
468.8
6.5
6.67
4.87%
8.25
10.08
49.11
60.67
33.52
36.38
12.22
20.07
16.59
18.25
471.2
10.63
15.05
6.58%
101.52
121.31
121.71
76.99
45.14
35.76
46.78
48.76
78.77
90.44
472.8
0.9
-1.12
-1.80%
18.17
14.62
35.42
33.57
29.62
40.07
11.88
14.63
21.15
25.19
473.5
41.6
46.82
16.33%
16.45
21.08
24.41
56.65
181.32
152.19
6.28
6.7
21.2
22.71
475.3
2.36
0.91
2.22%
53.09
52.24
139.37
101.61
30.06
14.9
0
51.72
102.85
78.68
475.3
9.4
4.53
8.65%
9.63
6.84
20.01
22.06
25.07
78.14
59.39
51.07
32.17
17.54
475.9
6.24
6.29
16.25%
61.06
48.72
68.83
42.3
294.82
218.35
26.9
28.12
40.96
25.96
476
27.3
13.77
7.76%
37.82
40.34
95.66
107.18
34.51
36.41
22.57
25.71
31.03
24.71
476.2
1.45
1.18
10.16%
129.44
129.09
76.6
72.64
45.69
54.81
71.21
67.12
44.82
52.05
476.8
3.14
-4.58
-3.13%
104.8
112.64
43.7
109.83
97.39
58.99
68.51
22.63
11.78
15.88
476.8
12.79
12.63
13.14%
23.48
51.36
24.35
54.4
71.21
55.74
27.24
24.89
17.86
51.2
477.3
-5.9
3.7
7.89%
NA
11.48
170.89
153.97
NA
26.3
NA
24.97
NA
26.51
478.7
-4.3
2.98
5.27%
446.81
477.67
542.81
588.55
17.55
29.02
176.52
176.26
43.22
42.18
481.2
12.92
12.68
7.01%
27.22
28.78
76.29
84.32
31.26
24.86
28.01
32.58
27.12
30.24
481.5 485.6
9.13
9.65
26.03%
74.34
108.6
48.87
46.82
219.26
161.52
11.66
12.29
27.18
77.45
-0.31
-4.02
-20.84%
164.19
72.08
276.6
82.95
116.31
32.11
114.66
31.02
119.9
38.27
487.2
47.69
48.24
26.58%
10.43
11.65
102.99
84.31
427.93
364.78
10.93
11.2
15.83
13.7
487.3
14.98
9.2
6.54%
28.49
30.2
81.92
54.87
83.78
70.16
33.32
44.91
12.81
12.04
488
8.41
9.38
9.55%
19.31
28.66
27.48
22.27
75.55
90.24
15.35
17.38
22.65
27.05
489.4
4.52
3.43
15.62%
21.97
19.79
64.78
151.45
78.86
84.69
8.94
11.14
40.85
31.94
490.5
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
TexTILeS
3.08
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
119
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2009
2008
2009
COGS/ 2009 Net Sales
Net Fixed Assets (Rs Crore)
Fixed Asset Turnover Ratio (FATR)
2008
2009
246
Harshni Textiles Ltd.
Cotton yarn
44.31
71.51
32.79
63
88.10%
84.04
85.01
2009 1.04%
247
Gangotri Textiles Ltd.
Cotton yarn
158.8
119.68
124.79
35.65
29.79%
356.36
366.92
0.08%
248
Indian Card Clothing Co. Ltd.
Metallised yarn
51.33
43.74
30.12
26.26
60.04%
45.57
57.37
1.05%
249
Arasan Syntex Ltd.
Cotton yarn
24.07
23.64
15
15.47
65.44%
19.02
17.02
3.84%
250
Aunde Faze Three Ltd.
Coated / laminated textile fabrics
251
Indoworth India Ltd.
Wool yarn
65.11
42.45
42.64
20.68
48.72%
41.63
42.91
1.14%
179.33
153.86
146.04
99.75
64.83%
117.89
108.91
0.60% 24.66%
252
Santosh Fine-Fab Ltd.
Cloth (Fabrics)
26.17
23.62
20.94
18.23
77.18%
3.51
3.13
253
Rai Saheb Rekhchand Mohota Spg. & Wvg. Mills Ltd.
Cotton & blended yarn
154.46
152.53
125.92
139.05
91.16%
71.76
70.2
1.30%
254
Sulochana Cotton Spg. Mills Pvt. Ltd.
Cotton yarn
129.47
138.42
109.22
113.05
81.67%
141.26
144.49
0.57% 2.02%
255
Vast Textiles Ltd.
Cotton yarn
104.76
18.34
93.64
16.57
90.35%
51.16
44.75
256
Jagjanani Textiles Ltd.
Cotton yarn
35.49
39.28
28.72
37.75
96.10%
49.26
51.5
1.87%
257
Ashima Ltd.
Cloth (Fabrics)
223.33
207.91
157.76
144.88
69.68%
250.27
228.47
0.31%
99.69
119.32
81.82
111.22
93.21%
106.63
101.07
0.92%
25.1
21.99
12.89
11.74
53.39%
0.66
0.76
70.25%
258
Cheslind Textiles Ltd.
Cotton yarn
259
Trigger Apparels Ltd.
Apparels (Readymade garment)
260
Silktex Ltd.
Silk fabrics, processed
27.53
29.84
14.13
18.58
62.27%
25.98
23.9
2.61%
261
Grabal Alok Impex Ltd.
Special woven fabrics
128.91
149.01
66.71
61.01
40.94%
156.1
169.65
0.24%
262
Veejay Lakshmi Textiles Ltd.
Cotton yarn
37.92
28.74
29.96
24.07
83.75%
44.17
42.96
1.95%
263
Ashima Dyecot Ltd.
Cloth processed
126.17
129.58
91.36
88.53
68.32%
85.88
77.16
0.89% 2.45%
264
Suryakiran International Ltd.
Apparels (Readymade garment)
17.8
31.23
12.68
17.44
55.84%
22.45
22.78
265
Madura Garments Exports Ltd.
Apparels (Readymade garment)
211.75
199.52
177.84
178.81
89.62%
83.13
80.36
1.12%
266
Patspin India Ltd.
Cotton yarn
160.39
216.28
137.27
201.54
93.18%
246.75
261.91
0.36% 54.74%
267
Sree Satyanarayana Spg. Mills Ltd.
Cotton yarn
23.92
20.17
16.06
18.88
93.60%
1.85
1.71
268
Kanco Enterprises Ltd.
Cotton yarn
100.16
93.75
77
64.85
69.17%
71.02
66.1
1.05%
269
Morarjee Textiles Ltd.
Cloth (Fabrics)
172.38
202.6
105.45
102.84
50.76%
155.47
148.92
0.34%
270
Faze Three Ltd.
Cotton durries
126.5
151.84
82.86
84.09
55.38%
98.47
106.22
0.52%
271
K G Denim Ltd.
Cloth (Fabrics)
220.55
233.37
116.4
157.59
67.53%
132.91
124.55
0.54%
272
G T N Textiles Ltd.
Cotton yarn
113.83
96.17
96.46
79.57
82.74%
89.44
83.72
0.99%
273
Digjam Ltd.
Wool & woollen textiles
112.61
141.24
75.95
88.45
62.62%
75.85
71.28
0.88%
274
Malwa Industries Ltd.
Denim
204.76
187.3
114.71
129.89
69.35%
179.01
164.4
0.42%
275
Donear Industries Ltd.
Man-made fabrics
179.81
188.7
124.09
134.5
71.28%
175.54
180.92
0.39%
276
B S L Ltd.
Woven blended fabrics of synthetic staple fibres
120.87
129.3
53.19
42.03
32.51%
89.51
81.63
0.40% 0.55%
277
Hanil Era Textiles Ltd.
Acrylic filament yarn (AFY)
63.87
32.74
53.95
24.97
76.27%
144.87
138.61
278
Venus Garments (India) Ltd.
Apparels (Readymade garment)
189.03
147.45
149.17
161.23
109.35%
25.97
41.31
2.65%
279
Rajvir Industries Ltd.
Cotton yarn
191.35
168.46
159.75
150.68
89.45%
163.39
180.2
0.50%
280
L S Mills Ltd.
Cotton yarn
118.63
123.57
78.06
84.23
68.16%
177.38
226.52
0.30%
281
Soma Textiles & Inds. Ltd.
Cotton & blended yarn
199.44
162.1
156.66
132.04
81.46%
156.25
148.23
0.55%
282
Page Industries Ltd.
Apparels (Readymade garment)
195.6
259.61
108.56
133.97
51.60%
43.64
66.81
0.77%
283
J J Exporters Ltd.
Silk & silk textiles
101.67
68.39
65.74
42.31
61.87%
47.33
56.07
1.10%
284
Winsome Yarns Ltd.
Cotton yarn
186.37
158.85
135.06
112.13
70.59%
276.87
376.76
0.19%
285
Colorplus Fashions Ltd.
Apparels (Readymade garment)
147.21
147.58
87.05
83.79
56.78%
29.2
34.44
1.65%
286
Shri Renuga Textiles Ltd.
Cotton yarn
208.61
179.71
139.39
113.33
63.06%
198.41
205.42
0.31%
287
Vanasthali Textile Inds. Ltd.
Towels including turkish towels
108.61
54.81
82.54
49.86
90.97%
61.94
56.06
1.62%
288
Sri Nachammai Cotton Mills Ltd.
Cotton yarn
59.3
83.5
56.21
72.59
86.93%
20.55
19.28
4.51%
289
Tamilnadu Jai Bharath Mills Ltd.
Cotton yarn
59.72
72.78
46.14
65.17
89.54%
49
47.5
1.89%
290
Vijayeswari Textiles Ltd.
Cotton yarn
141.92
126
78.51
68.57
54.42%
96.36
155.64
0.35% 0.44%
291
Gokak Textiles Ltd.
Cotton yarn
336.19
268.34
276.73
227.99
84.96%
177.08
193.67
292
Shri Dinesh Mills Ltd.
Woven fabrics of wool
79.96
82.73
37.93
40.37
48.80%
41.84
53.19
0.92%
293
Samtex Fashions Ltd.
Men’s suits, trousers (knitted or crocheted)
65.52
54.04
52.59
46.82
86.64%
27.79
26.29
3.30% 0.54%
294
G T N Industries Ltd.
Cotton yarn
280.66
202.68
218.56
189.86
93.67%
180.48
174.71
295
Eurotex Industries & Exports Ltd.
Cotton yarn
139.94
133.51
109.69
113.21
84.80%
123.55
118.68
0.71%
296
Abhishek Corporation Ltd.
Cotton yarn
69.64
23.94
34.15
53.83
224.85%
240.67
272.48
0.83%
297
Arintex Global Ltd.
Apparels (Readymade garment)
58.82
155.04
70.19
139.16
89.76%
5.22
5.28
17.00%
298
Ventura Textiles Ltd.
Cloth (Fabrics)
80.75
17.55
69.88
24.49
139.54%
33.8
28.85
4.84%
Reclaimed rubber
110.83
135.95
72.22
83.42
61.36%
38.21
43.16
1.42%
tYres, tuBes & ruBBer ProDucts 1
Gujarat Reclaim & Rubber Products Ltd.
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009.
120
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days)
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
4.69
6.56%
41.69
45.54
52.68
92.59
207.79
145.51
5.2
4.04
39.17
2009 29.6
493.1
19.75
-15.69
-13.11%
49.52
52.34
55.53
52.53
54.48
42.12
8.76
18.59
72.62
61.97
495.9
8.45
3.59
8.21%
67.71
73.96
124.87
138.57
91.98
100.29
33.85
40.26
19.5
17.46
497
5.94
5.78
24.45%
0.23
3.62
37.89
56.79
138.19
161.1
11.22
10.35
36.5
41.77
498.4
11.38
9.48
22.33%
101.16
145.67
81.92
59.2
57.98
101.45
17.12
33.67
63.86
94.05
498.9
8.48
6.72
4.37%
201.98
240.51
391.47
556.8
33.38
40.73
25.6
31.31
46.97
43.5
499.1
1.42
1.45
6.14%
86.28
96.13
63.43
64.89
68.62
66.34
50.54
61.34
58.14
66
503.3
7.97
6.37
4.18%
52.46
58.37
62.97
58.73
51.03
40.56
64.1
51.7
13.54
26.47
504.4
26.66
29.7
21.46%
29.17
33.65
36.79
34.97
110.76
87.83
9.68
10.47
60.12
93.76
505.9
5.93
-16.83
-91.77%
57.02
208.3
101.69
176.18
70.1
108.94
36.79
57.78
3.55
4.9
506.1
4.67
1.38
3.51%
53.43
120.13
93.38
235.55
147.84
153.54
25.27
49.88
0.39
3.73
507.9 509.9
-1.63
-0.69
-0.33%
23.47
28.88
57.99
53.55
41.3
42.72
17.2
18
40.55
36.72
6.16
-15.28
-12.81%
43.26
57.56
40.87
74.48
112.93
77.65
12.7
8.92
33.41
28.55
510
-1.17
-1.04
-4.73%
70.06
95.97
189.9
210.78
43.85
42.18
86.1
87.55
51.03
81.41
510.5 512.2
6.68
4.72
15.82%
67.62
53.88
38.62
44.55
77.36
77.17
203.97
150.01
84.13
82.37
44.69
57.19
38.38%
46.13
79.05
74.7
142.68
54.09
69.07
128.77
132.06
33.37
34.88
513.4
-0.85
-0.18
-0.63%
68.02
75.26
58.61
75.06
69.6
78.58
24.1
32.45
6.89
18.97
515.4
-2.62
-2.84
-2.19%
11.14
12.58
72.96
64.38
54.6
48.72
17.04
15.39
39.45
31.3
516.1
-0.3
0.86
2.75%
14.52
11.26
229.57
100.8
85.77
62.52
62.77
41.42
7.44
15.23
516.2
-8.3
-61.42
-30.78%
91.98
102.9
74.63
64.35
65.58
73.47
16.45
22.57
14.62
23.46
517.6
13.16
5.5
2.54%
29.02
20.38
35.85
73.25
92.16
69.82
11.09
7.17
18.38
26.26
519.8
-0.73
2.06
10.21%
22.54
32.8
48.6
44.43
125.23
85.59
42.74
17.7
29.39
71.91
521.2
5.07
-0.17
-0.18%
7.67
5.4
67.35
71.95
68.91
74.15
9.77
11.28
22.34
24.93
523
3.25
-6.53
-3.22%
74.79
65.68
79.9
102.35
48.92
54.59
75.36
65.83
20.71
22.83
524.1 530.2
19.48
-0.12
-0.08%
75.66
90.22
64.19
88.1
72.4
78.61
19.75
19.74
59.17
47.02
19.08
13.76
5.90%
46.53
43.96
93.28
115.95
63.55
47.44
26.53
20.83
60.03
56.44
531
10.28
1.07
1.11%
29.72
33.96
58.38
41.29
115.23
127.37
6.02
8.07
36.81
56.5
535
-2.8
2.89
2.05%
100.1
88.71
149.06
125.96
70.87
49.74
80.77
71.41
56
42.59
535.6
46.37
-0.03
-0.02%
103.01
155.96
25.55
34.53
171.76
135.86
28.31
31.28
48.97
51.65
536.9
28.85
14.22
7.54%
110.05
98.88
45.07
84.43
99.13
82.23
43.18
42.8
37.93
41.03
539
11.84
20.56
15.90%
91.55
88.57
68.69
47.12
175.65
208.08
64.76
64.28
63.7
69.22
539.3
-3.36
-39.56
-120.83%
23.62
26.49
146.47
27.04
79.46
91.41
116.07
80.24
30.61
14.44
541.6
10.02
-5.04
-3.42%
8.57
9.92
16.96
61.05
17.75
16.88
21.78
42.25
12.78
39.88
542.8
27.7
27.35
16.24%
28.05
36.34
74.07
74.48
78.37
61.95
11.81
17.41
37.71
66.65
543.5
27.69
15.22
12.32%
29.11
39.3
152.83
195.31
272.07
260.38
19.18
24.78
12
16.77
544.2
12.6
-4.81
-2.97%
36
37.42
53.26
36.02
49.97
49.23
47.65
52.21
36.51
35.86
544.6
41.07
58.32
22.46%
13.45
17.37
77.67
71.47
74.37
78.44
24.83
25.51
50.76
52.62
547.4
7.73
3
4.39%
64.45
79.89
24.88
44.28
85.04
111.11
63.5
72.12
45.95
67.91
553
37.21
7.31
4.60%
56.24
98.09
139.57
140.68
112.44
67.94
26.72
39.1
38.11
46.36
556.8
16.03
-5.4
-3.66%
25.4
26.72
37.68
56.58
59.39
58.24
27.23
29.27
88.05
110.17
558
23.59
1.56
0.87%
66.47
83.85
51.85
64.09
95.87
145.45
35.83
38.54
39.33
32.87
559.7
6.28
-7.4
-13.50%
52.27
65.53
90.6
174.77
24.25
35.32
26.26
24.38
50.63
102.31
562.3
2.16
4.41
5.28%
35.14
31.75
67.1
100.74
164.57
120.92
14.12
12.16
39.14
41.85
562.9
3.91
0.47
0.65%
51.31
49.67
55.9
89.6
207.63
162.81
14.67
15.42
41.15
33.28
580.6
30.65
6.21
4.93%
136.24
149.62
85.25
73.49
87.84
100.58
191.82
190.7
67.46
92.03
582.9
21.6
4.61
1.72%
18.03
44.6
77.82
98.04
39.75
80.61
6.17
15.74
19.72
51.18
590.3
17.6
20.41
24.67%
32.06
33.16
109.99
114.27
138.86
158.05
87.35
86.66
37.06
42.64
591.6
4.17
4.18
7.74%
37.34
38.58
69.8
93.1
102.02
97.33
24.8
36.18
71.13
84.33
608.1
25.58
1.54
0.76%
20.25
33.06
22.36
48.71
110.35
100.13
24.2
22.89
21.73
41.87
610.3
10.27
4.91
3.68%
15.57
15.58
42.82
75.49
172.24
142.49
10.38
15.92
38.42
46.05
629
14.87
15.58
65.08%
130.4
379.13
145.13
276.19
260.81
351.18
32.56
212.54
25.98
194.92
639.9
0.84
1.09
0.70%
40.73
27.67
414.13
189.91
12410
6022.5
10984.11
5234.43
69.65
31.65
659.6
5.71
-1.92
-10.94%
20.18
65.2
46.04
158.45
17.52
136.87
444.91
1266.1
17.28
67.2
664.1
19.09
26.3
19.35%
56.42
59.18
35.37
27.54
23.69
22.9
1.41
1.72
10.54
9.54
25.4
Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes www.industry20.com
TexTILeS
2008
4.34
Source: cMIe Prowess database industry 2.0
- technology management for decision-makers | february 2011
121
supply chain metrics Corporate FinanCial perFormanCe Rank
Company Name
Industrial Activity
Net Sales (Rs Crore) 2008
Cost of Goods Sold (Rs Crore)
2008
2009
10.14
13.14
53.81%
11.39
11.9
4.52%
Rubber foam
46.99
45.45
39.77
38.75
85.26%
6.26
5.9
14.45%
Rubber & rubber products
3
Tirupati Foam Ltd.
2009
Fixed Asset Turnover Ratio (FATR)
24.42
Precision Seals Mfg. Ltd.
2008
Net Fixed Assets (Rs Crore)
22.7
2
2009
COGS/ 2009 Net Sales
2009
4
Apcotex Industries Ltd.
Synthetic rubber
105.18
102.51
81.02
69.95
68.24%
20.38
19.9
3.43%
5
Bliss G V S Pharma Ltd.
Sheath contraceptives
99.92
139.2
44
62.87
45.17%
14.72
24.5
1.84%
6
Innovative Tyres & Tubes Ltd.
Tyres & tubes
21.9
33.32
7
17.16
51.50%
27.7
29.87
1.72%
7
Tega Industries Ltd.
Rubber & rubber products
124.19
171.06
58.31
80.87
47.28%
23.3
38.21
1.24%
8
Abhisar Buildwell Pvt. Ltd.
Vulcanised rubber thread & cord
18.99
33.21
17.8
28.81
86.75%
66.89
59.02
1.47%
9
Elgi Rubber Co. Ltd.
Tyre treads
51.98
59.77
30.82
35.07
58.67%
21.54
33.68
1.74%
10
Multibase India Ltd.
Rubber
28.98
32.36
21.37
29.18
90.17%
4.31
3.92
23.00% 0.80%
11
T T K-L I G Ltd.
Rubber contraceptives, males
226.82
276.01
129.96
131.43
47.62%
44.14
59.34
12
M I L Industries Ltd.
Unvulcanised rubber products
15.4
16.37
8.54
9.55
58.34%
16.16
16.38
3.56%
13
Fenner (India) Ltd.
V belt
253.27
275.26
146.66
162.32
58.97%
129.72
164.2
0.36%
14
Monotona Tyres Ltd.
Tyres
160.41
179.63
148
139.84
77.85%
98.57
89.1
0.87%
15
Mahalaxmi Rubtech Ltd.
Rubber & rubber products
17.16
82.55
13.04
68.37
82.82%
14.73
43.65
1.90%
16
Tyre Corpn. Of India Ltd.
Conveyor or transmission beltings of vulcanised rub
42.91
29.06
22.22
15.64
53.82%
34.88
29.45
1.83%
17
Indag Rubber Ltd.
Retreaded & other tyres
73.99
76.21
60.6
56.06
73.56%
13.99
15.08
4.88% 4.34%
18
Treadsdirect Ltd.
Tyre treads
135.17
155.82
98.96
116.48
74.75%
20.09
17.23
19
Vamshi Rubber Ltd.
Rubber & rubber products
40.63
46.7
35.31
35.99
77.07%
9.63
10.78
7.15%
20
Cupid Ltd.
Rubber contraceptives, males
24.44
12.46
10.74
7.35
58.99%
18.78
20.42
2.89% 15.32%
21
Soni Rubber Products Ltd.
Hoses, tubes & pipes of vulcanised rubber
22
Govind Rubber Ltd.
Cycle tyres
23
Puneet Resins Ltd.
Rubber & rubber products
14.84
14.63
10.22
8.92
60.97%
4.01
3.98
250.73
259.55
206.16
187.75
72.34%
28.97
31.23
2.32%
12.42
24.51
10.85
19.71
80.42%
2.45
2.2
36.55%
24
Krypton Industries Ltd.
Cycle tyres
17.58
17.29
12.02
11.49
66.45%
7.27
7.23
9.19%
25
Rubber Products Ltd.
Rubber & rubber products
16.04
18.32
9.24
10.11
55.19%
6.14
5.6
9.85% 0.45%
26
Pix Transmissions Ltd.
V belt
151.57
176.78
103.34
126.66
71.65%
114.11
159.17
27
J K Ansell Ltd.
Rubber contraceptives, males
69.52
54.04
38.76
29.74
55.03%
8.14
7.43
7.41%
28
Inarco Ltd.
Aprons
36.66
34.91
23.71
19.82
56.77%
3.38
3.05
18.61%
29
Somi Conveyor Beltings Ltd.
Conveyor belting
15.86
20.34
14.93
14.15
69.57%
24.05
28.53
2.44%
30
Dunlop India Ltd.
Tyres
121.21
180.13
112.78
152.45
84.63%
1273.88
1270.72
0.07%
Wires & cABles 1
Pawan Power & Telecom Ltd.
Cables & other conductors
23.54
25.61
21.61
23.13
90.32%
0.91
0.73
123.72%
2
Chandresh Cables Ltd.
Wires & cables, insulated
58.35
59.36
52.13
52.4
88.27%
4.88
5.73
15.41%
3
Bhagyanagar India Ltd.
Jelly filled cables
204.98
193.94
155.26
154.64
79.74%
78.8
82.1
0.97%
4
Welworth Electric Co. Ltd.
Copper enamelled winding wires
19.87
12.93
19.85
13.04
100.85%
3.23
2.91
34.66% 8.22%
5
Rishabhdev Technocable Ltd.
Cables & other conductors
31.09
41.89
28.52
38.02
90.76%
7.21
11.04
6
Cords Cable Inds. Ltd.
Wires & cables
169.9
223.23
138.47
184.88
82.82%
53.99
72.95
1.14%
7
Versatile Wires Ltd.
Copper enamelled winding wires
29.62
26.42
26.59
25.09
94.97%
8.4
2.77
34.28%
8
Aksh Optifibre Ltd.
Wires & cables, insulated
118.12
242.8
69.7
212.95
87.71%
108.18
167.54
0.52%
9
Torrent Cables Ltd.
Cross linked polyethylene cables (XLPE)
0.96
135.93
0.12
115.78
85.18%
0.11
45.22
1.88%
10
C M I Ltd.
Jelly filled cables
22.41
51.49
21.34
45.24
87.86%
5.93
5.63
15.61% 9.72%
11
M P Telelinks Ltd.
Jelly filled cables
29.09
11.9
25.48
11.24
94.45%
10.98
9.72
12
Vindhya Telelinks Ltd.
Jelly filled cables
214.84
267.68
210.65
218.36
81.58%
44.04
43.79
1.86%
13
Birla Ericsson Optical Ltd.
Cables & other conductors
131.85
126.99
126.78
107.86
84.94%
27.97
32.87
2.58%
14
Delton Cables Ltd.
Cables & other conductors
144.96
165.69
137.34
131.96
79.64%
13.03
14.05
5.67%
15
Hindusthan Vidyut Products Ltd.
Cables & other conductors
258.77
292.69
172.43
220.81
75.44%
136.84
135.36
0.56%
16
Aluminium Industries Ltd.
Wires & cables, insulated
11.99
15.92
12.73
14.12
88.69%
0.88
1.16
76.46%
17
Galada Power & Telecommunication Ltd.
Cables & other conductors
39.37
30.57
31.5
34.23
111.97%
30.31
28.84
3.88%
18
Surana Telecom & Power Ltd.
Jelly filled cables
69.14
95.61
57.24
78.55
82.16%
47.54
46.21
1.78%
19
Central Cables Ltd.
Cables & other conductors
32
27.8
23.83
24.35
87.59%
26.93
26.47
3.31%
20
Emgee Cables & Communications Ltd.
Wires & cables, insulated
27.25
33.94
27.15
38.25
112.70%
6.52
6.23
18.09%
21
Tamilnadu Telecommunications Ltd.
Jelly filled cables
21.93
19.24
20.38
20.82
108.21%
16.54
16.6
6.52%
22
Cable Corpn. of India Ltd.
Cables & other conductors
113.23
94.38
97.56
94.6
100.23%
59.74
123.37
0.81%
23
Uniflex Cables Ltd.
Cross linked polyethylene cables (XLPE)
110.68
129.43
91.3
135.33
104.56%
48.2
52.78
1.98%
24
Paramount Wires & Cables Ltd.
Jelly filled cables
65.08
82.57
65.11
73.67
89.22%
6.75
5.33
16.74%
PBIDTA = Profi t Before Interest Tax Depreciation and Amortization. Net Sales = Total Income – Other Income - extra ordinary income – prior period income – indirect taxes Previous Year: 1st April 2007 to 31st March 2008. Latest year: 1st April 2008 to 31st March 2009. Source: cMIe Prowess database
122
february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
small manufacturing companies Working Capital CyCle PBDITA (Rs Crore) 2008
2009
PBDITA/2009 Net Sales
Debtors Days Available 2008
2009
Creditors Days Available 2008
2009
Raw Material Holding Period (days) 2008
2009
WIP Holding Period (days) 2008
2009
Finished Goods Holding Period (days) 2008
Composite Score
2009
37.51%
79.04
77.93
55.6
56.04
35.31
31.64
9.8
9.35
9.28
5.54
4.26
3.35
7.37%
74.27
87.39
5.87
18.94
16.46
15.83
12.39
11.58
5.11
6.46
27.3 27.9
9.33
9.45
9.22%
56.38
54.33
32.71
38.72
20.61
22.82
6.58
4.91
6.95
5.02
28.4
38.31
45.87
32.95%
128.56
125.18
138.28
93.61
72.48
134.62
1.54
2.21
8.46
10.02
34.7
3.93
3.42
10.26%
74.93
35.74
47.24
70.58
30.51
26.8
10.6
6.82
5.87
8.83
36.8
33.23
45.46
26.58%
84.93
103.77
78.4
99.81
90.28
85.78
2.23
2.05
13.17
12.49
37.7
-3.44
-0.17
-0.51%
NA
50.71
20.55
32.26
NA
17.1
NA
9.83
NA
7.41
37.8 40.7
11.23
10.74
17.97%
151.17
55.07
147.34
51.34
211.41
123.97
27
1.98
57.45
14.16
5.45
-0.76
-2.35%
82.45
81.32
32.55
32.97
71.15
50.12
4
1.54
32.18
43.22
41
41.33
33.24
12.04%
87.05
81.78
64.31
33.71
49.85
33.61
31.11
30.21
17.91
11.37
41.1
1.66
1.09
6.66%
93.67
86.22
86.23
67.27
68.25
72.03
24.28
18.94
4.73
4.33
41.3
56.11
54.71
19.88%
71.36
65.03
82.72
97.53
38.68
32.76
6.62
5.44
20.33
15.39
41.5
7.94
20.23
11.26%
33.24
70.26
39.92
65.4
34.88
31.94
7.71
11.55
9.81
7.95
41.6
3.87
6.96
8.43%
59.56
31.9
43.02
72.78
46.97
20.31
18.99
7.28
19.3
9.54
41.8 42.2
6.22
-1.26
-4.34%
76.47
83.22
138.6
129.87
281.73
597.54
2.74
3.17
0.25
0.6
11.04
10.05
13.19%
38.37
37.64
47.93
48.19
33.85
34.38
1.79
2.67
32.23
36.78
43
13.15
19.64
12.60%
29.43
54.09
16.29
12.63
28.65
41.95
6.95
10.85
13.25
26.15
43.2
3.85
2.9
6.21%
39.6
39.36
23.94
13.41
22.26
18.76
11.16
12.79
36.11
32.24
43.6
4.11
-1.69
-13.56%
30.45
56.62
22.66
80.26
17.19
31.05
2.95
3.27
30.96
36.66
44.6
1.64
1.72
11.76%
101.15
122.09
20.99
13.83
41.17
45.07
31.88
41.82
44.64
44.16
44.7
16.34
15.63
6.02%
117.54
113.28
116.72
93.27
36.85
29.59
6.53
8.75
29.83
37.02
45.8
1.52
2.98
12.16%
55.04
27.21
120.44
37.07
104.62
75.82
0.35
0.28
69.43
45.77
46.1
3.34
2.35
13.59%
82.61
111.82
101.76
98.29
62.18
60.25
1.21
7.44
47.03
45.38
47.3
-0.03
1.27
6.93%
163.4
132.73
93.04
106.01
56.4
59.86
62.12
59.21
14.29
11.76
47.4
24.25
22
12.44%
53.52
71.35
47.76
42.65
75.32
91.05
10.01
8.65
29.08
31.66
49.9
11.7
5.06
9.36%
45.81
54.81
60.31
70.28
37.74
56.5
16.17
31.02
20.02
20.82
50.1
4.14
3.18
9.11%
49.62
43.5
76.81
65.14
69.13
91.65
12.15
15.17
20.81
23.86
52.5
3.22
4.42
21.73%
58.41
46.96
52.08
27.38
66.35
151.18
3.18
23.75
21.7
22.01
52.8
7.4
7.4
4.11%
95.02
120.88
369.82
217.45
121.53
218.36
24.34
17.22
12.8
8.33
57.3
1.3
1.03
4.02%
72.65
64.66
4.99
3.31
9.88
11.7
3.68
5.57
13.83
10.78
19.7
3.35
3.29
5.54%
59.5
57.34
17.3
15.91
3.38
3.49
0.68
0.44
15.4
18.47
22.7
43.51
24.05
12.40%
33.7
40.94
47.11
34.11
26.63
35.85
6.98
7.65
0.32
0.25
24.3
0.24
0.44
3.40%
260.24
402.67
271.51
409.8
1.38
2.36
7.6
9.31
4.47
12.59
24.9
3.74
4.22
10.07%
70.62
75.68
40.54
23.02
19.7
24.72
16.55
15.27
12.44
12.93
27.3
25.86
19.78
8.86%
52.43
61.19
82.57
62.59
20.29
19.34
9.76
11.08
11.31
8.92
27.7
1.05
-4.43
-16.77%
35.33
37.61
58.66
42.55
6.18
6.26
35.5
25.89
4.78
3.15
28.6
23.35
-44.31
-18.25%
113.17
72.63
146.9
57.93
79.04
28.86
19.81
10.98
7.04
3.28
29.6
0.44
12.52
9.21%
0
107.35
9101.2
37.69
0
54.69
0
14.71
0
10.95
29.8
2.53
2.73
5.30%
69.53
50.28
120.48
50.82
41.47
19.23
46.11
35.38
14.16
7.58
30.4
-4.24
-1.23
-10.34%
103.08
184.58
91.3
112.11
24.33
29.06
3.41
1.43
13.68
15.27
30.5
0.03%
30.31
63.93
36.42
43.38
26.96
30.99
26.5
23.55
5.28
4.84
31.7
-0.75%
48.98
66.14
38.96
43.22
57.63
64.6
26.1
27.96
1.88
3.13
34.7 34.9
11.69
9.25
5.58%
80.23
80.63
85.96
72.79
19.64
18.42
36.5
42.56
22.06
21.02
44.65
39.27
13.42%
75.97
90.51
66.59
96.37
51.88
40.29
12.79
16.63
18.7
20.3
36
-3.18
-1.21
-7.60%
835.45
488.54
1807.55
1196.33
115.21
99.18
8.61
18.72
8.45
9.92
36.1
-1.32
-14.59
-47.73%
148.88
102.19
276.24
343.13
45.55
26.25
5.22
4.31
18.14
26.94
37.4
10.48
5.12
5.36%
65.79
66.21
70.39
82.03
29.86
46.24
18.3
19.14
13.02
11.56
37.8
3.26
1.18
4.24%
132.43
157.46
53.27
62.41
44.17
39.2
32.35
38.48
44.7
41.33
40.6
2.15
3.26
9.61%
59.47
63.94
98.13
73.95
28.19
15.61
81.05
70.24
6.26
34.73
40.9
-1.15
-3.64
-18.92%
187.46
275.07
346.23
504.59
74.36
125.33
101.73
138.58
0.14
0.15
43.5
2.43
-3.75
-3.97%
89.3
101.22
203.24
240.23
30.29
31.66
89.39
120.32
11.91
12.11
45
6.58
-12.41
-9.59%
65.9
87.37
13.9
131.49
31.6
41.25
33.62
39.4
9.75
15.78
47.1
2.45
1.67
2.02%
30.39
54.99
132.25
145.23
37.97
40.57
43.05
39.42
36.36
34.1
48.8
wIreS
0.09 -0.95
& cABLeS
8.7 6.25
TYreS, TuBeS
9.16
& ruBBer ProDucTS
8.66
Disclaimer: while every care has been taken to ensure accuracy in compiling this data, neither the publisher nor the editor will be responsible for any omissions or errors, or be held responsible for actions taken by any person (s) in reliance upon the data herein. errors, omissions and mistakes may be brought to the attention of the editor for rectification in future issues of the magazine. www.industry20.com
industry 2.0
- technology management for decision-makers | february 2011
123
supply chain & logistics
green
Warehouses Of late the western world has progressed a lot in designing environment friendly warehouses. However, the concept is yet to be deep-rooted in the Indian sub-continent barring a few big warehouses run by some major companies. Although, major modifications involve big budgets, often low cost changes lead to a great advancement towards environment friendliness. by pavan v
B
usinesses utilize warehouses for various issues such as storage, value addition and other purposes. Each rupee spent on warehousing compensates on the revenue earned. Thinking from another angle, we are utilizing the nature’s resources to build or construct warehouses and avail the benefits in terms of revenue to the company, but it is our ethical responsibility to give it back
124
february 2011 | industry 2.0
to the mother nature in every possible way. Let us consider a typical business environment where—while selecting or building a warehouse, generally the determinant factors are: • Cost factor along the supply chain • Service to the customers or time to market However, with the changing scenario, need for enlisting the
- technology management for decision-makers
factor of ‘green warehousing’ is gaining growing importance. ‘Green warehouse’ means how effective is the warehouse in practising standards that do not pollute the environment. It is not a surprise that in India this is a rare factor. Other than big companies, smaller enterprises do not get an opportunity to be a part of various Government bodies (i.e., Pollution Control Board, Sewage Board etc.) adhering to norms and standards, being subjected to audits etc. In such a situation, it is difficult for the transporter or warehouse provider or logistics service provider to select a ‘green warehouse’ or to induce some green or clean operational practices. Not his fault, but yes once
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Picture Courtesy: www.photos.com
Building
aware, it is our moral responsibility to strictly stick to those. Some of the primary factors that help a warehouse owner in going ‘green’ are listed below. In any warehouse, these elevate the standards of the warehouse without much expenditure.
Strategic level
Redesigning supply chains: • Many companies in the west are redesigning their supply chains not only for reduction of overheads or warehousing cost—but also to achieve time to market. This also helps in– • Reduction in carbon foot print by bundling volumes to the Distribution Centre (DC), • Optimizing the routes and • Usage of minimal trucks. • Warehouse construction– • Lots of bio-degradable materials that are cost effective and eco-friendly can be used while constructing the warehouse. • Greater warehouse height allows natural lighting. • Effective parking space allows vehicle parking, and avoids vehicle idling for being loaded or unloaded. • Re-designing warehouse layout– This factor though operational in nature gives better returns in the long run by: • Reducing overheads by means of effective utilization of space etc. • Increasing efficiency by faster throughput by means of MHEs (Material Handling Equipment) utilizing shorter distance within the warehouse, better capability of MHEs etc.
Operational level
• Recycling materials– Recycle water by techniques such as rain water harvesting etc. Even the smallest opportunity can also be captured such as avoiding paper cups for coffee.
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• Material handling equipment– Battery operated forklifts is more advisable in terms of noise prevention, speed and capacity. • Packaging, storage and dispatch– • Re-use pallets from imports, from suppliers who supply materials. • Eliminate wooden pallets and replace them with plastic pallets for storage of materials inside the warehouse. • Returnable packaging is fast catching up in India. It allows to dispatch materials safely without any damages and re-use the same pallets/boxes for future dispatches. This concept is not only ecofriendly but the economics are very appealing and can provide a lean supply chain. • Technology– • Solar panels can be used for lighting purposes in the warehouse during the nights. This can also be a very cost effective solution for the huge warehouse lights that need to light up the entire warehouse. • Elimination of the traditional sodium vapour lamps to LEDs (Light Emitting Diodes) can also be thought of. • Invest in light sensors within the offices that switches on based on the movement sensed and switches off automatically otherwise. • It is now understood that one tree is cut to produce 17 reams
of Xerox white sheets of A4 size. This can be avoided by using computers or laptops instead of flashy colour printouts. These are only a few examples out of thousands that can be thought of, however, if a warehouse manager brainstorms on various other factors that can be turned ‘green’, nothing like it. The day to day operational flow has to be re-visited for any improvements. Over the days to come there is no surprise if ‘green’ issues are also a part of the Key Performance Indicators (KPIs) for a warehouse. However, despite the company promises to contribute back to the society to improve its social responsibility, it is mostly the workforce or an employee behind the scene—who has to make this possible. Each employee must pledge to himself or herself that he or she would protect the nature by contributing to the green practices in however small way he or she can. He or she could do that by• Improving his or her work habits in day-to-day working. • Giving innovative solutions to the management that not only save company’s cost but also in turn protect the environment. • Being a responsible citizen by proactively taking up initiatives both at office and at home.
Re-use of pallets is a great step towards environment friendliness, especially, when the pallets are made from harvested forest. Leading pallet pooling company CHEP collects the wood required for making wooden pallets mostly from harvested forests that saves the environment.
Pavan.V is an Officer in Corporate Logistics Dept., Bosch Ltd., Bengaluru.
industry 2.0
- technology management for decision-makers | february 2011
125
product update Truck Mounted Crane
T
IL has recently launched a 75 tonne crane in its truck-mounted series to the Indian market. According to the company, the launch of model TMS 875 is an endeavour to enhance its capacity in truck mounted crane range (10 to 75 tonne) to offer customers better value proposition. Key features of the crane include—four section trapezoidal full power boom, chassis from Ashok Leyland, maximum road speed of 50 km/hr and hoisting speed of 110 m/min. The company informs that the new crane will have several benefits like—its synchronization will ensure even distribution of load on the boom sections, it will offer better service facility, higher mobility and an efficient hoist unit. TIL Ltd. Tel: +91-33- 2553 1352 Website: www.tilindia.in
SMPS Rectifier For Goldplating
Handheld Industrial ID Reader
C
ommerce Corporation (COMCO) has introduced an SMPS rectifier for electroplating. As per the company, the product offers: wide I/P AC voltage band, latest technology, international quality, high efficiency and less power consumption. The manufacturer also communicates that the component is more reliable, economical, occupies less space and facilitates faster production. It is life time short circuit proof, offers better regulation and constant voltage and/or current selection, O/P shut-off by TTL switch. Standard termination is at 75mV/100A. Shunt in-built for AHr meter/timer/counter. The product has been designed for continuous operation, high power factor, low reactive power consumption, low ripple through the current range. Several models are available.
ognex Corporation has launched Cognex Connect for DataMan ID readers. This is a comprehensive suite of communication capabilities that is already available with in-sight vision systems and the DataMan 200 fixed-mount ID reader series. Now Cognex Connect enables industrial protocol connectivity for Cognex DataMan 8000 ID readers through EtherNet or IP and PROFINET support—a first for an industrial handheld ID reader. By supporting open standard industrial Ethernet communications protocols, the product makes it easy to configure and monitor a network of Cognex ID readers and vision systems. As a network device, DataMan and In-Sight devices can be accessed from any terminal connected to the network. This means that no host PC is required to translate RS-232 or USB communications to a PLC or central network. The protocols also allow for data files and images to be archived directly through FTP support for later review and analysis. DataMan ID readers also offer a .NET based command library for customizing user-specific GUIs and terminal interfaces as well as providing control via a simple command line interface.
Commerce Corporation Tel: +91 9821846299 E-mail: kumar812@hotmail.com
Cognex Corporation Tel: +91-80-4022 4118 E-mail: support@cognex.co.in
C
Have you LAUNCHED an INDUSTRIAL product recently? Why don’t you share its
FEATURES WORLD OVER?
126
Just send a detailed report to: pk.chatterjee@9dot9.in. Don’t forget to attach a high resolution image.
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product update
Mitre Cutting Bandsaw
I
tarrag Heckert Machine Tools, India, has launched a new range of WMW horizontal machining centres. According to the company, WMW is a very productive solution for machining parts of trucks, tractors, earthmovers, windmills, compressors, power generation engines, valves, turbine blade roots and general engineering. The company also informs that WMW is globally renowned for its long term accuracy and reliability. Starrag Heckert manufactures 4-axis compact machining centres of the CWK range HMC under the WMW brand. It has many unique features for high performance milling of ferrous and hard metal—using high torque gear box spindle technology, going up to 1200 N-m torque using heavy duty tooling for a high MRR (Metal Removal Rate) of 1800 cc per minute for C45 steel. The machines will initially be imported from Germany, and subsequently be localized with optimized features and Indian supply chain. For the time being, the company’s Technology Centre, at Peenya in Bangalore, will support Indian customers in application and turnkey solutions.
TL introduces a fully automatic motorized swiveling type mitre cutting bandsaw to cut angles in range from 30°-90°-30°. The company informs that the machine model LMG Mitre Series is equipped with swiveling cutting head enabling to cut the job at various angles. The swiveling arrangement is available in manual as well as automatic mode. The machine has been developed for meeting demands of fabrication industries, construction industries, transmission tower manufacturing and general cutting applications—where jobs are required to be cut at various angles. Apart from selling in the domestic markets, the company has already exported these models to Dubai. Special features of the newly designed fully automatic motorized swiveling type mitre cutting bandsaw includes: cutting feed and rapid reverse of cutting arm, blade tensioning when hydraulic power is on and tension release no sooner than the machine is off to minimize, automatic clamping before cutting arm starts moving down for cutting, shuttle vice releases and clamps as the cycle is set and synchronized with length indexing table. Apart from fully automatic cycle, manual mode is provided to facilitate initial setting, automatic machine stop – when the blade fails. Electronic automatic feed regulation is available for high productivity and enhanced tool life. Fully heavy duty welded structure and torsionfree construction, cutting head up-down movement guided in vertical pair of imported linear motion bearing guides for jerk free movement etc are some other features.
Starrag Heckert Machine Tools, India Tel: +91-80-4277 0600 E-mail: india@starragheckert.com
ITL Industries Tel: +91-731-3044400 E-mail: info@itl.co.in
Horizontal Machining Centres
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Micro Channel Heat Exchangers
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anfoss Industries has rolled out its Micro Channel Heat Exchanger (MCHE) in India. According to the company, this innovative product replaces the traditional heat exchanger in refrigeration and air-conditioning units, and is completely aluminium constructed – thereby allowing for increased energy efficiency of 10 per cent. The company also informs that the heat exchangers that are used currently in air-conditioning systems are only equipped to meet present star labelling requirements. With micro channel heat exchangers, the efficiency of air conditioning systems can be improved and benchmarked against the highest standards and labelling requirements of the future. The new alternate refrigerants currently being considered are scoring better in low GWP parameters, and sometimes call for flammability issues. Less amount of refrigerant in the system may solve safety issues of new flammable refrigerants up to some extent, but with micro channel heat exchanger’s unique feature of refrigerant saving capabilities, this can be a solution to move forward with flammable refrigerants – and it may also help in reducing flammable refrigerants to permissible safety limits. Danfoss Industries Tel: +91-44-6650 1555 E-mail: danfoss.india@danfoss.com
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february 2011 | industry 2.0
- technology management for decision-makers
www.industry20.com
R.N.I. No. MAH ENG/2001/4796 Tech/MH/MR/SOUTH-127/2006-08