Our aggregate sales (including subsidiaries) declined 4.41% to 2779.62 crs in FY15-16 on account of weakening crude prices, which influenced the Company’s realizations, inspite of volume growth of about 10%.
The quantum of exports has been increasing in the last four years; the proportion of exports in the Company’s revenues has been maintained at a high 50-51 percent across the four years ending FY15-16.
The Company succeeded in maintaining working capital
intensity in its business at around 39 percent of revenues, which
is a creditable achievement at a time of sectoral slowdown.
Our ROCE strengthened from 22.7% in FY14-15 to 24.7% in FY15- 16, indicating a return substantially higher than what is available on fixed income securities in India.
The Company’s RoE increased from 21.8% in FY14-15 to 24.1% in FY15-16.
The Company’s operating profit grew every single year through the last five years. The Company reported a 22.7% increase in its operating profit in FY15-16, which was one of the sharpest increases reported by the Company in any single year. This was the result of capacity investments, cost reduction, product mix changes and a larger share of the customer’s wallet. A part of this growth was on account of a new subsidiary added in FY15-16.