Balance Sheet INR Billion

Mar 17 Mar 16 Mar 15 Mar 14 Mar 13

Shareholders's Equity 361.711 270.071 237.042 209.78 185.789

Debt 4.836 0.774 0.354 12.247 8.463
Other Long Term Liabilities 15.909 8.985 10.238 14.836 14.278
Current Liabilities 127.477 112.126 87.876 68.494 58.812

Total Liabilities 509.933 391.956 335.51 305.357 267.342

Property Plant and Equipment 141.685 134.278 138.498 132.291 115.174

Long Term Investments 262.147 169.127 98.176 13.048 18.735
Other Assets 20.002 17.056 16.857 18.301 23.973

Current Assets
Cash 0.131 0.391 0.183 6.297 7.75
Short Term Investments 20.137 8.73 29.964 88.131 52.048
Inventories 32.622 31.321 26.15 17.059 18.407
Trade Receivables 11.992 12.986 10.698 14.137 14.699
Other Current Assets 21.217 18.067 14.984 16.093 16.556
86.099 71.495 81.979 141.717 109.46

Total Assets 509.933 391.956 335.51 305.357 267.342

Reorganized from http://www.moneycontrol.com/financials/marutisuzukiindia/balance-sheetVI/MS24#MS24

MS24#MS24
Profit and Loss INR Billion

Mar 17 Mar 16 Mar 15 Mar 14 Mar 13

Sales Revenue 680.348 582.082 508.022 445.235 444.003

Cost of Goods Sold -490.626 -408.289 -366.837 -327.169 -336.286
Gross Profit 189.722 173.793 141.185 118.066 107.717

Depreciation and Ammortization -26.021 -28.239 -24.703 -20.844 -18.612

Other Expenses -86.192 -79.389 -65.74 -58.878 -57.297
Other Income 22.798 4.619 8.316 8.229 8.124

EBIT 100.307 70.784 59.058 46.573 39.932

Interest -0.894 -0.815 -2.06 -1.759 -1.898

Profit Before Tax 99.413 69.969 56.998 44.814 38.034

Tax -26.036 -19.636 -11.57 -8.755 -5.989

Profit After Tax 73.377 50.333 45.428 36.059 32.045

Sales Growth 16.9% 14.6% 14.1% 0.3%

Gross Profit Margin 28% 30% 28% 27% 24%
Depreciation / Property, Plant and Equipment 19% 20% 19% 18%

(Other Expenses - Other Income) / Revenue 9% 13% 11% 11% 11%

Sales to Capital 1.778892 2.080127 2.051503 1.879715 2.129204

Net Working Capital (Current Assets Excluding

Investments - Current Liabilities) -61.515 -49.361 -35.861 -14.908 -1.4

NWC / Sales -9.0% -8.5% -7.1% -3.3% -0.3%

Reorganized from http://www.moneycontrol.com/financials/marutisuzukiindia/balance-sheetVI/MS24#MS24

VI/MS24#MS24
Maruti Suzuki Source

CAPM Equity Beta 0.99 Bloomberg

Risk-free Rate 7.00%

Market Risk Premium 6%

Cost of Equity 12.94%

Tax Rate 30%

Net Debt -15.301 Billion INR

Market Value of Equity 2300 Billion INR 24-Aug-17 Bloomberg

Cost of Debt 7.00%

WACC 12.99%

Number of Shares Outstanding 302.1 Million Bloomberg