Market cap of over Rs. 40 billion
Approximately 270,000 shareholders
Over 96 per cent of shares dematerialised
 
185,490 GDRs issued as on 31 March 2009  
Dividend of 50 per cent  
EPS of Rs.78.48 as on 31 March 2009  
ECS facility available for dividends
 
Transfer-cum-demat facility
 
   
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Consolidated Profit & Loss Acoount  
Balance Sheet
 
Consolidated Balance Sheet  
Cash Flow Statement
 
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investors > financials
 
 
Rs. in crore

 

 

Previous year

Schedule IA

SHARE CAPITAL

 

Authorised: 130,000,000 equity shares of Rs.10 each

130.00

130.00

Issued, subscribed and paid up: 124,485,879 equity shares of Rs. 10 each fully paid-up. (Previous year 124,485,879)

124.49

124.49

(a) 99,521,437 equity shares of Rs.10 each issued as fully paid-up for acquiring the Cement business pursuant to the Scheme of Arrangement without payment being received in cash;

(b) 87,258 equity shares of Rs 10 each issued as fully paid up to shareholders of erstwhile Narmada Cement Company Limited (NCCL) pursuant to a Scheme of Amalgamation without payment being received in cash. (Previous year 87,258);

(c) 63,114,691 shares are held by Grasim Industries Limited (Holding Company), (Previous Year 60,211,890) and 5,077,603 shares are held by Samruddhi Swastik Trading & Investment Limited (Subsidiary Company of Grasim Industries Limited), {Previous year 7,477,178 }

 

Total
124.49
124.49

Schedule 1B

EMPLOYEES STOCK OPTION OUTSTANDING  

Employees stock option outstanding

2.45
2.45
Less : Deferred Employees Compensation Expenses

0.77

1.68

 

1.68

0.77

Outstanding Employees Stock Options exercisable into 168,070 equity shares of Rs.10 each fully paid up. (See Note B 19)

Schedule 2

 

 

RESERVES AND SURPLUS

 

 

Balance as on 31 March 08

Additions during the year
Deduction / adjustments during the year
Balance as on 31 March 09
Capital Reserve
25.02
-
-
25.02

Cash Subsidy Reserve

0.10
-

-

0.10

Debenture Redemption Reserve

161.63

45.17

(81.25)

125.55

General Reserves

786.86

100.00
-
886.86

Surlpus as per Profit and Loss Account

1,598.12

977.02
(136.74)
2,438.40
Total

2,571.73

1,122.19
(217.99)
3,475.93
Previous year
1,639.29
1,127.61
(195.17)
2, 571.73
Schedule 3
SECURED LOANS
Non Convertible Debentures (See Note B 5a)
835.29
759.32
Other Loans: (See Note B 5b)
Foreign Currency Loan (Due witihin a year - Rs. Nil)
285.16
-
Loans from Banks:
Cash credits / working capital borrowings from banks secured by hypothecation of stocks and book debts of the Company
55.35
143.10
Term loans (See Note B 5b)
-
80.24
Total
1,175.80
982.66
Schedule 4
UNSECURED LOANS
Short term:
246.54
170.19
From Banks
Long term:
   
From Banks (Due within a year Rs. Nil)
335.26
262.90
Sales tax deferment loans (Due within a year Rs. 0.57 crores)
384.03
324.75
Total
965.83
757.84
Schedule 5
Fixed assets

Particulars

Gross block

Depreciation

Net block

As on 01.04.08

Additions

Deductions /adjustments
As on 31.03.09

As on 01.04.08

For the year

Deductions/
adjustments

Upto 31.03.09

As on 31.03.09

As on 31.03.08

(A) Tangible Assets

                   

Freehold land

81.45

26.17

0.03

107.59

-

-

-

-

107.59

81.45

Leasehold land

20.88

0.76

0.12

21.52

6.16

0.63

0.02

6.77

14.75

14.72

Buildings

508.95

241.57

2.90

747.62

166.26

22.75

1.34

187.67

559.95

342.69

Railway sidings

159.66

-

-

159.66

74.88

7.47

-

82.35

77.31

84.78

Plant and machinery

4,009.32

2,182.46

43.32

6,148.46

2,098.10

259.96

21.58

2,336.48

3,811.98

1,911.22

Furniture and fixtures

95.44

18.54

2.03

111.95

51.77

23.86

1.90

73.73

38.22

43.67

Jetty

80.60

-

-

80.60

68.12

0.96

-

69.08

11.52

12.48

Vehicles

14.32

4.17

1.59

16.90

6.22

2.43

0.95

7.70

9.20

8.10

Total Tangible Assets

4,970.62

2,473.67

49.99

7,394.30

2,471.51

318.06

25.79

2,763.78

4,630.52

2,499.11

(B) Intangible Assets                    
Software
1.98
4.74
-
6.72
0.63
0.92
-
1.55
5.17
1.35
Total Assets (A+B)
4,972.60
2,478.41
49.99
7,401.02
2,472.14
318.98
25.79
2,765.33
4,635.69
2,500.46
Previous year
4,784.70
227.47
39.57
4,972.60
2,267.42
229.74
25.02
2,472.14

Add: capital work-in-progress {include advances of Rs. 118.23 crore (Previous year Rs. 388.75 crore)}

677.28

2,283.15

5,312.97

4,783.61

Note:
A. Depreciation for the year
318.98
229.74
Add: obsolescence        
4.13
7.58
Less: Depreciation transferred to pre-operative expenses        
(0.11)
(0.09)
Depreciation as per profit and loss account        
323.00
237.23
B. 1) Leasehold land includes mining rights
2) Cost of plant and machinery includes Rs. 29.89 crore (Previous year Rs. 29.89 crore) relating to railway wagons given on operating lease to the Railways under 'Own Your Wagon Scheme'
3) Fixed assets includes assets costing Rs. 136.40 crore (Previous year Rs. 136.40 crore) not owned by the company
4) Fixed assets costing Rs. 26.72 crore (Previous year Rs. 26.72 crore) are held on co-ownership with other company
5) The title deeds of some of the immovable properties transferred pursuant to the Scheme of Arrangement are yet to be transferred in the name of the company
Schedule 6
INVESTMENTS at cost
Long term (TRADE)
Government and Trust Securities - Unquoted
(Rs. 10,000, Previous year Rs, 10,000)
Pledged as security deposit
-
-
Shares in subsidiary companies - Unquoted
Fully paid-up equity shares of Rs. 10 each
50,000 Dakshin Cements Limited (Previous year 50,000)
1.21
1.21
Fully paid-up equity shares of Sri Lankan rupee 10 each
40,000,000 UltraTech Ceylinco (Pvt.) Ltd.
(Previous year 40,000,000)
23.03
23.03
24.24
24.24
Others - unquoted      
2,000,000 4.5% Cumulative Non Convertible Redeemable Preference shares of Rs. 100 each in Aditya Birla Health Services Limited. (Previous year 2,000,000 )  
20.00
20.00
1,065,580, Equity Shares of Rs. 10 each in Madanpura (North) Coal Company (P) Ltd. (Previous Year Nil)  
1.07
-
   
45.31
44.24
Current - unquoted (Other Investments) Units of debt schemes of Mutual Funds:
Description
No. of units
Face value
Value
Rs. in crore
previous year
a) Liquid scheme - Dividend plan
LIC MF Liquid Fund (Previous year 1,821,826 units)
4,554,533
10
5.00
2.00
b) Ultra Short Term Schemes - Dividend Plan
Birla Sun Life Savings Fund (Previous Year Nil)
107,785,600
10
107.86
HDFC Cash Management Treasury Advantage Fund (Previous Year Nil)
69,858,505
10
70.08
ICICI Prudential Flexible Income Fund (Previous Year Nil)
71,099,335
10
75.18
Kotak Floater Long Term Fund (Previous Year Nil)
77,876,553
10
78.50
Reliance Money Manager Fund (Previous Year Nil)
1,152,791
1,000
115.41
 
UTI Treasury Advantage Fund (Previous Year Nil)
709,759
1,000
70.99
518.02
 
c) Short Term Plans - Dividend Plan          
Birla Sun Life Dynamic Bond Fund (Previous Year Nil)
98,247,715
10
101.01
101.01
 
d) Income Schemes - Dividend Plan
Birla Sun Life Income Plus Plan (Previous Year 42,565,128 units)
35,071,897
10
39.22
45.04
ICICI Prudential Income Plan (Previous Year 14,105,173 units)
8,644,798
10
9.90
49.12
14.82
e) Medium Term Debt Schemes - Dividend Plan
Birla Sun Life Short Term Opportunity Fund (Previous Year Nil)
151,210,895
10
151.34
-
Birla Sun Life Medium Term Plan (Previous Year Nil)
25,000,000
10
25.00
-
HDFC FMP 181D December 07- IV (Previous Year 19,800,000 units)
-
19.80
ICICI Prudential Interval IV Qtrly B Fund (Previous Year Nil)
10,000,000
10
10.00
-
UTI Fixed Income Monthly Interval Fund (Previous Year Nil)
39,996,000
10
40.00
226.34
-
f) Medium Term Debt Schemes - Growth Plan          
Birla Sun Life Floating Rate Long Term Fund
74,984,253
10
75.00
Birla FMP Series T (Previous Year 25,000,000 units)
-
25.00
Lotus India FMP 13 Months - Series III (Previous Year 10,000,000 units)
-
10.00
UTI Fixed Maturity Plan - YFMP (03/07) (Previous Year 10,000,000 units)
-
10.00
UTI Fixed Maturity Plan - YFMP (03/09)
15,000,000
10
15.00
90.00
-
989.49
126.66
1,034.80
170.90
Note: Number of units of various Mutual Funds - Debt schemes purchased and redeemed during the year are as follows:
(i) Liquid Schemes (Dividend Plan) - Birla Sun Life Mutual Fund -1,405,060,555; Deutsche Mutual Fund -15,169,661; Fidelity Mutual Fund -9,998,300; Franklin Templeton Mutual Fund -804,858; HDFC Mutual Fund -218,859,039; HSBC Mutual Fund -5,496,922; ICICI Prudential Mutual Fund -1,249,109,640; IDFC Mutual Fund-197,450,641; JM Financial Mutual Fund -22,962,113; Kotak Mahindra Mutual Fund -111,055,683; LIC Mutual Fund -481,097,622; Lotus India Mutual Fund -24,993,752; Principal Mutual Fund -13,299,069; Reliance Mutual Fund -710,229,530; SBI Mutual Fund -10,583,939; Tata Mutual Fund -3,311,291; UTI Mutual Fund -52,803,350.
(ii) Liquid Schemes (Growth Plan) -Birla Sun Life Mutual Fund -37,426,550; Franklin Templeton Mutual Fund -175,777; ICICI Prudential Mutual Fund -44,601,430; LIC Mutual Fund -6,693,125.
(iii) Ultra Short Term Schemes (Dividend Plan)-Birla Sun Life Mutual Fund -1,038,212,163; Canara Robeco Mutual Fund-7,253,911; Deutsche Mutual Fund -45,824,131; Fortis Mutual Fund-128,992,292; Franklin Templeton Mutual Fund -19,970,447; HDFC Mutual Fund -437,122,357; HSBC Mutual Fund -19,974,832; ICICI Prudential Mutual Fund -596,622,997; IDFC Mutual Fund-384,425,398; JM Financial Mutual Fund -19,990,405; JP Morgan Mutual Fund-24,977,770;Kotak Mahindra Mutual Fund -170,409,388; LIC Mutual Fund -224,006,276; Principal Mutual Fund -52,933,104; Reliance Mutual Fund -227,236,167; SBI Mutual Fund 4,997,501; Sundaram BNP Paribas Mutual Fund-29,925,187 Tata Mutual Fund -372,399,591; UTI Mutual Fund -1,676,472.
(iv) Ultra Short Term Schemes (Growth Plan)-Birla Sun Life Mutual Fund -32,490,107; Fortis Mutual Fund-8,280,408; JM Financial Mutual Fund -21,855,057; LIC Mutual Fund -32,333,161; Lotus India Mutual Fund -22,401,434; Reliance Mutual Fund -135,894; Tata Mutual Fund -16,525,511.
(v) Medium Term Debt Schemes (Dividend Plan) -Birla Sun Life Mutual Fund -55,000,000; Fortis Mutual Fund -30,000,000; Franklin Templeton Mutual Fund -29,962,072 HDFC Mutual Fund- 20,000,000; IDFC Mutual Fund-30,000,000;JM Financial Mutual Fund- 35,000,000; Kotak Mahindra Mutual Fund -35,000,000; LIC Mutual Fund -25,000,000; Lotus India Mutual Fund- 24,995,702; ICICI Prudential Mutual Fund -44,999,100; Reliance Mutual Fund -44,985,700;Sundaram BNP Paribas Mutual Fund- 10,000,000; Tata Mutual Fund- 58,588,660; UTI Mutual Fund -30,000,000.
Schedule 7
INVENTORIES
 
Stores and spares parts, packing materials, fuels and scrap
 
379.14
408.03
Raw materials
 
68.00
43.26
Work-in-progress
 
176.99
102.35
Finished goods {Includes. Trading Inventory of Rs. 0.02 crore (Previous year Rs. Nil)}
 
67.84
56.12

 
691.97
609.76
Schedule 8
 
SUNDRY DEBTORS
 
Exceeding six months
 
Considered good and secured
5.58
 
6.18
Considered good and unsecured
11.54
 
3.13
 
17.12
9.31
Others
 
Considered good and secured
80.52
97.99
Considered good and unsecured
88.54
109.31
 
169.06
207.30

186.18
216.61
Schedule 9
 
CASH AND BANK BALANCES
 
Cash balance on hand {including cheques on hand Rs. 6.06 crore; (Previous year 17.62 crores)}
6.15
18.53
Bank balance with scheduled banks:    
In current accounts
98.34
82.16
In fixed deposit account {(Rs. 25,861), (Previous year Rs. 24,548)}
-
-

104.49
100.69
Schedule 10
 
Loans and advances
 
Secured and considered good
 
Loans against mortgage of house property
1.76
1.64
Unsecured
 
Considered good:
 
Loans and advances to subsidiary company
0.17
 
0.35
Parent company and fellow subsidiaries
7.76
 
-
Deposits and balances with government and other authorities
89.30
 
151.33
Advances recoverable in cash or in kind or for value to be received
279.98
 
223.51
Considered doubtful:
 
Advances recoverable in cash or in kind from others
0.22
 
0.22
Total
377.43
375.41
Less: provision for doubtful loans and advances
0.22
 
0.22
 
377.21
375.19

 

 
378.97
376.83
Schedule 11
CURRENT LIABILITIES  
Sundry creditors  
Dues of micro, small and medium enterprises (To the extent identified with available information)
0.86
 
0.21
Parent companies and fellow subsidiaries
-
 
0.60
Others
722.23
 
775.59

723.09
776.40
Security and other deposits
 
158.19
149.85
Advances from customers
 
77.76
104.73
Investor Education and Protection Fund, Amount not due
 
Unpaid Dividend
 
1.22
0.76
Other liabilities
 
104.43
89.00
Interest accrued but not due on loans
 
56.23
32.27

1,120.92
1,153.01
Schedule 12
PROVISIONS
 
Provision for retirement benefits
 
28.31
27.79
Provision for mines restoration
 
5.12
3.51
Provision for tax (net of advance tax)  
15.55
21.43
Proposed dividend
 
62.24
62.24
Corporate dividend tax  
10.58
10.58
 
121.80
125.55
Schedule 13
INTEREST & DIVIDEND INCOME
 
(A) On Investments
 
Long Term Investments:      
Dividend from a subsidiary
 
4.77
2.80
Current Investments:    
Dividend from current investments
 
32.79
28.75
(B) Interest (Gross) on others
7.59
5.92
{Tax Deducted at Source Rs. 1.03 Crores, (Previous Year Rs. 0.57 Crore )}      

45.15
37.47
Schedule 14
OTHER INCOME
 
Lease rent
 
0.31
0.68
Insurance claim
 
0.98
0.26
Profit on sale of current investments (net)  
3.11
1.28
Profit on Sale of Fixed Assets (Net)
0.18
-
Exchange rate difference (net)
 
-
11.86
Miscellaneous income/ receipts
 
53.83
49.16
 
58.41
63.24
Schedule 15
INCREASE / (DECREASE) IN STOCKS
 
Closing stock
 
Work-in-progress
 
176.99
102.35
Finished goods
 
67.82
56.12
   
244.81
158.47
Opening stock
 
Work- in- process
 
102.35
75.60
Finished goods
 
56.12
59.45
   
158.47
135.05
Add: increase / (decrease) in excise duty on stocks
 
2.42
3.21
Increase / (decrease) in stocks
 
88.76
26.63
Schedule 16
RAW MATERIALS CONSUMED  
Opening stock
 
43.26
23.43
Purchase and incidental expenses  
709.70
556.60

 
752.96
580.03
Less: closing stock
 
68.00
43.26
   
684.96
536.77
Schedule 17
MANUFACTURING EXPENSES
 
Freight and handling expense on clinker transfer  
162.86
133.68
Consumption of stores, spare parts, components and packing materials
 
412.99
348.21
Power and fuel consumed  
1,712.98
1,253.26
Hire charges of plant, machinery and others  
8.58
6.26
Repairs to plant and machinery
 
92.58
65.48
Repairs to buildings
 
7.59
5.12
Repairs to others  
22.59
16.86
   
2,420.17
1,828.87
Schedule 18
PAYMENTS TO AND PROVISIONS FOR EMPLOYEES
 
Salaries, wages and bonus
 
168.86
131.78
Contribution to and provisions for provident and other funds
 
25.49
15.46
Compensation expenses under ESOS  
0.91
0.77
Welfare expenses
 
22.41
19.58

217.67
167.59
Schedule 19
 
SELLING, DISTRIBUTION, ADMINISTRATION AND OTHER EXPENSES
 
Commission paid to distributors and selling agents  
23.17
14.72
Cash discount  
56.56
57.52
Freight, handling and other expenses  
1,071.08
969.26
Advertisements and sales promotion  
105.65
101.52
Insurance  
8.21
9.28
Rent (including lease rent)  
17.61
13.26
Rates and taxes  
19.40
29.86
Stationery, printing, communication expenses  
10.93
9.90
Travelling and conveyance  
24.03
21.61
Legal and professional charges  
27.50
16.23
Bad debts and advances written off  
0.40
1.79
Directors' fees
0.13
0.12
Power (other than related to manufacturing activity)
2.08
1.79
Exchange Rate difference (Net)
28.21
-
Loss on sale of fixed assets (net)
-
1.18
Contribution for political party (general electoral trust)  
10.00
2.80
Miscellaneous expenses
26.55
25.19
Total
1,431.51
1,276.03
Schedule 20  
INTEREST AND FINANCE CHARGES      
(A) Interest  
On debentures and fixed loans
90.55
62.38
On other loans
28.67
13.29
Total
119.22
75.67
(B) Finance Charges  
6.29
6.64
   
125.51
82.31


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