COLGATE - PALMOLIVE INDIA LTD

Balance Sheet
as at March 31, 2024
As at As at
Particulars Note March 31, 2024 March 31,2023
Rs in Lakhs Rs in Lakhs
ASSETS
Non-Current Assets
Property, Plant and Equipment 3(A) 79,406.59 86,179.92
Capital Work-in-Progress 3(B) 11,028.40 11,407.68
Financial Assets
(i) Loans 4 96.91 92.02
(ii) Others 5 1,681.83 1,853.97
Deferred Tax Assets (Net) 19 6,475.53 2,884.26
Other Non-Current Assets 6 793.07 1,303.74
Current Tax Assets (Net) 31(d) 29,789.33 29,788.98
129,271.66 133,510.57
Current Assets
Inventories 7 29,641.37 33,544.96
Financial Assets
i) Trade Receivables 8 16,738.93 15,736.61
(ii) Cash and Cash Equivalents 9 88,899.34 80,605.68
(iii) Bank Balances [other than (ii) above] 10 48,478.92 11,693.84
(iv) Loans 11 666.5 8,759.91
(v) Others 12 601.89 636.09
Other Current Assets 13 5,354.16 3,811.27
190,381.11 154,788.36
Total Assets 319,652.77 288,298.93
EQUITY AND LIABILITIES
Equity
Equity Share Capital 14 2,719.86 2,719.86
Other Equity 15 184,716.30 168,918.57
Total Equity 187,436.16 171,638.43
Liabilities
Non-current liabilities
Financial Liabilities
(i) Lease liabilities 16 5,954.70 5,674.06
(ii) Other Financial Liabilities 17 130.08 123.7
Provisions 18 2,161.21 2,359.05
Other Non-Current Liabilities 20 36.1 40.15
8,282.09 8,196.96
Current liabilities
Financial Liabilities 16
 (i) Lease liabilities 21 1,220.23 1,222.09
(ii) Trade Payables
- Total outstanding dues of micro enterprises 703.69 1,269.34
and small enterprises
- Total outstanding dues of creditors other than
micro enterprises and small enterprises 87,486.70 74,843.06

(iii) Other Financial Liabilities 22 4,142.33 3,773.42

Other Current Liabilities 23 12,582.70 12,788.81
Provisions 24 9,863.22 9,051.11
Current Tax Liabilities (Net) 31(e) 7,935.65 5,515.71
123,934.52 108,463.54
Total Liabilities 132,216.61 116,660.50
Total Equity and Liabilities 319,652.77 288,298.93

Statement of Profit and Loss

for the year ended March 31, 2024
As at March 31,
2024
Particulars Note
Rs in
Rs in Lakhs Lakhs
Revenue from Operations 25 568,042.84
Other Income 26 7,652.20
(A) Total Income 575,695.04
Expenses
Cost of Materials Consumed 145,758.73
Purchases of Stock-in-Trade 24,491.33
Changes in inventories of Finished Goods, Stock-in-
Trade and Work-in-Progress 27 2,048.26

Employee Benefits Expense 28 41,172.84

Finance Costs 29 499.63
Depreciation and Amortisation Expense 3A 17,151.05
Other Expenses 30 164,490.48
(B) Total Expense 395,612.32
(C) Profit Before Exceptional Item and Tax (A-B) 180,082.72
(D) Exceptional Items 48 1,950.20
(E) Profit Before Tax (C-D) 178,132.52
Tax Expense: 31
Current Tax 49,365.56
Deferred Tax 19 -3,599.00
(F) Total Tax Expense 45,766.56
(G) Profit for the year (E-F) 132,365.96
Other Comprehensive Loss/ (Income) (net of Tax)
Items that will not be reclassified to Profit
and Loss
Re-measurement loss/(gains) on defined -30.74
benefit plans
Tax adjustment on above 19 7.74
(H) Re-measurement loss/(gains) on defined
benefit plans (Net of tax) -23.00
(I) Total Comprehensive Income (G-H) 132,388.96
Earnings Per Equity Share attributable to the 36
Owners of the Company (Rupees)
(Face Value of H 1 per Equity Share)
Basic and Diluted 48.67
Significant accounting policies 1B
The accompanying notes are an integral part of
these financial statements.
 COLGATE - PALMOLIVE INDIA LTD
Statement of Cash Flow
for the year ended March 31, 2024

Cash flow from Operating Activities:

Profit before Exceptional items and Tax
Adjustment for:
Unrealised Foreign Exchange Loss
Depreciation and Amortisation Expenses
Lease Rentals received
Net loss / (profit) on disposal of property, plant and equipment
Interest Income On Financial Assets at Amortized Cost
Finance Cost
Bad Debts Written Off/ Provision for Doubtful Debts
Provisions no Longer Required Written Back
Interest income from Unwinding of discount on security deposits
Employee share-based payment expense
Operating Profit before Working Capital Changes
Adjustment for Increase/Decrease in Working Capital:
Decrease in Inventories
(Increase) in Financial Assets
(Increase) in Other Assets
Increase / (Decrease) in Financial Liabilities
Increase in Other Liabilities and Provisions
Cash Generated from Operations
Direct Taxes Paid (Net)
Net Cash Generated from Operating Activities (A)
Cash Flow from Investing Activities:
Purchase of Property, Plant and Equipment
Proceeds from disposal of Property, Plant and Equipment
Purchase of Current Investments / Proceeds from disposal of Current
Investments
Lease Rentals received
Interest Received
Net Cash (used in)/ Cash flow from Investing Activities (B)
Cash Flow from Financing Activities:
Dividends Paid
Payment of Lease Liabilities
Employee share-based payments
Net Cash used in Financing Activities (C)
Net increase/ (decrease) in Cash and Cash Equivalents (A+B+C)
 Cash and Cash Equivalents at the beginning of the year
Cash and Cash Equivalents at the end of the year

Bank Balances in:

Current Accounts
Deposit Accounts (with less than 3 months original maturity)
Cash and Cash Equivalents as at March 31, 2024 (Refer Note 9)

As at March 31,
2023

Rs in Lakhs
522,619.71
5,357.59
527,977.30

149,249.58
29,776.86
391.94

37,696.99
491.38
17,480.37
150,802.04
385,889.16
142,088.14
1,120.87
140,967.27

37,242.69
-990.07
36,252.62
104,714.65
653.49

-164.47

489.02
104,225.63

38.5
VE INDIA LTD
sh Flow
As at As at
March 31, 2024 March 31, 2023
Rs in Lakhs Rs in Lakhs

178,132.52 140,967.27

1.65 41.89
17,151.05 17,480.37
-258.69 -248.06
25.04 -31.28
-7,129.68 -3,990.35
499.63 491.38
15.19 3.29
- -90.65
-158.59 -109.91
1,204.21 971.91
189,482.33 155,485.86

3,903.59 2,173.81
-37,579.59 -1,724.85
-1,565.03 -601.11
12,083.41 -1,093.86
434.65 1,473.76
166,759.36 155,713.61
-46,862.98 -38,087.29
119,896.38 117,626.32

-7,556.40 -7,008.94
3.46 59.72
8,282.42 2,205.59

258.69 248.06
6,935.78 3,740.80
7,923.95 -754.77

-116,702.57 -105,745.18
-1,899.49 -1,906.83
-924.61 -1,020.50
-119,526.67 -108,672.51
8,293.66 8,199.04
80,605.68 72,406.64
88,899.34 80,605.68

4,792.01 969.36
84,107.33 79,636.32
88,899.34 80,605.68
 COLGATE - PALMOLIVE INDIA LTD
Ratio Analysis
Sr no. Ratio 2024 2023

1 Gross Profit Margin 70% 66%

2 Operating Profit Margin 32% 27%
3 Net Profit Margin 23% 20%
4 Return on Assets 41% 36%
5 Return on Equity 0.71 0.61
6 Return on Capital Employed 68% 58%
7 Asset turnover ratio 1.87 1.81
8 Inventory turnover ratio 5.45 5.18
9 Trade Receivable
Turnover 33.94 33.21
10 Net Capital Turnover ratio 8.55 11.28
11 Debt to Equity ratio 0.71 0.68
12 EPS 48.67 38.50
13 Interest coverage ratio 360.43 289.16
 COLGATE - PALMOLIVE INDIA LTD

Particulars 2014-15 2015-16 2016-17 2017-18 2018-19

A. Operating Results
Sales 421120 431898 448985 429989 443244
Other Operating Revenue
and Other Income 6034 6964 7147 6600 6765
Net Profit After Tax 55898 58117 57743 67337 77557
Total Comprehensive Income - 57998 57226 67445 77567
Cash Profits 63400 69139 70550 83096 93483
B. Financial Position
Net Fixed Assets 94366 109225 130570 133,274 140065
Investments 3713 3116 3116 3,116 3115
Other Assets/ (Liabilities) (Net) -21047 -9237 -6306 -16,071 1495
Total Assets 77032 103104 127380 152,461 144675
Share Capital 1360 2720 2720 2,720 2720
Reserves and Surplus 75672 100384 124660 149,741 141955
Shareholders’ Funds 77032 103104 127380 152,461 144675
Loan Funds - - - - -
Total Capital Employed 77032 103104 127380 152461 144675
C. Equity Share Data
Earnings Per Share (J)*** 41.1 21.37 21.23 27.76 28.52
Dividend Per Share (J)*** 24 10 10 24 23
Number of Shares (in
Lakhs) 1360 2720 2720 2720 2720
Number of Shareholders
(in ‘000s) 135 181 176 169 176
IVE INDIA LTD

2019-20 2020-21 2021-22 2022-23 2023-24

448757 481048 506646 518,786 564,418

9,191 11,277
8676 6109 5959
81647 103539 107832 104,715 132,366
80094 103863 108299 104,226 132,389
99888 122113 126029 121,706 149,540

120664 121224 108730 98,182 90,479

1862 1861 - - -
25316 -6499 64738 73,456 96,940
159416 116586 173467 171,638 187,436
2720 2720 2720 2,720 2,720
156696 113866 170748 168,919 184,716
159416 116586 173468 171,638 187,436
- - - - -
159416 116586 173468 171,638 187,436

30.02 38.07 39.65 38.50 48.67

28 38 40 39 58

2,720 2,720
2720 2720 2720
267 239
214 229 308
 (₹ in crores)
BALANCE SHEET
As at March 31, 2023
Particulars As at March 31, 2024
ASSETS
1) NON-CURRENT ASSETS
(a) Property, plant and equipment 11,567.75 11,707.87
(b) Capital work-in-progress 645.03 575.67
(c) Right of use assets 426.50 421.27
(d) Other intangible assets 2,353.79 2,413.18
(e)Intangible assets under development 588.92 509.30
f) Financial assets:
(i) Investments in subsidiaries, joint ventures 27,976.80
and associates 28,729.45
(ii) Other investments 1,586.13 1,204.82
(iii) Loans 101.92 114.40
(iv) Other financial assets 1,830.34 2,405.23
(h) Deferred tax assets (net) 1,558.65 1,477.26
(i) Non-current tax asset 1,008.32 868.22
(j) Other non-current assets 483.30 596.80
50880.101 50270.82
2) CURRENT ASSETS
(a) Inventories 3,470.38 3,027.90
b) Financial assets:

(i) Investments 1,993.50 3,142.96

(ii) Trade receivables 2,765.16 2,307.72
(iii) Cash and cash equivalens 3,344.89 1,121.43
(iv) Bank balances other than (iii) above 1,806.07 293.22
(vi) Loans 132.19 40.44
(vii) Other financial assets 547.5 347.1
(c) Current tax assets 12.00 -
(d) Other current assets 1,099.37 1,219.18
15,171.06 11,499.95
(3) Assets classified as held-for-sale 36.61 -

TOTAL ASSETS 66,083.74 61,770.77

EQUITY AND LIABILITIES

EQUITY
(a) Equity share capital 766.5 766.02
(b) Other equity 29,376.55 21,703.83
30,143.05 22,469.85
LIABILITIES
1) NON-CURRENT LIABILITIES
a) Financial liabilities:
(i) Borrowings 5,235.67 10,445.70
(ii) Lease liabilities 296.28 305.26
(iv) Other financial liabilities 252.53 414.44
(b) Provisions 1,936.92 1,588.75
(c) Deferred tax liabilities (net)
(d) Other non-current liabilities 843.35 692.08
8,614.53 13,497.39
2) CURRENT LIABILITIES
a) Financial liabilities:
(i) Borrowings 8,535.37 8,426.74
(ii) Lease liabilities 123.32 100.99
(iii) Trade payables
(a) Total outstanding dues of micro and small 189.85 114.67
(b) Total outstanding dues of creditors other 8,636.61 7,047.93
(c) Acceptances 4,508.01 5,839.39
(iv) Other financial liabilities 1,146.25 1,300.18
(b) Provisions 1,133.92 408.89
(c) Current tax liabilities 73.61 53.66
(d) Other current liabilities 2,979.22 2,511.08
27,326.16 25,803.53
TOTAL EQUITY AND LIABILITIES 66,083.74 61,770.77
 TATA MOTORS
Statement of Profit and Loss
Particulars

Revenue from operations

(a) Revenue
(b) Other operating revenues
I. Total revenue from operations
II. Other income
III. Total income
IV. Expenses:
(a) Cost of materials consumed

(b) Purchase of products for sale

(c) Changes in inventories of finished goods, work-in-progress and products for sale
(d) Employee benefits expense
(e) Finance costs
(f) Foreign exchange loss/(gain) (net)
(g) Depreciation and amortisation expense
(h) Product development/engineering expenses
(i) Other expenses
(j) Amount transferred to capital and other account
Total expenses (IV)

V. Profit before share of profit in equity accounted investees, exceptional items and tax (III-IV)
VI. Exceptional items
VII. Profit before tax (V-VI)
VIII. Tax (credit)/expense (net)
(a) Current tax
(b) Deferred tax
Total tax (credit)/expense (net)
IX. Profit for the year (IX-X)
X. Other comprehensive income/(loss)
(A) (i) Items that will not be reclassified to profit or loss:
(a) Remeasurement losses on defined benefit obligations (net)
(b) Equity instruments at fair value through other comprehensive
income (net)
(ii) Income tax (expense)/credit relating to items that will not be reclassified
to profit or loss
(B) (i) Items that will be reclassified to profit or loss - gains/(losses) in cash
flow hedges
 (ii) Income tax (expense)/credit relating to items that will be reclassified to
profit or loss
Total other comprehensive income/(loss) for the year (net of tax
XI. Total comprehensive income for the year (net of tax) (XI+XII)
XII. Earnings per equity share (EPS)
(a) Ordinary shares (face value of Rs 2 each):
(i) Basic EPS
(ii) Diluted EPS
(b) ‘A’ Ordinary shares (face value of Rs 2 each):
(i) Basic EPS
(ii) Diluted EPS
ORS
(₹ in crores)
Year ended March 31,
2024 Year ended March 31, 2023

72,745.92 65,298.84
557.16 458.49
73,303.08 65,757.33
1,149.88 820.94
74,452.96 66,578.27

45,025.05 42,226.81

7,764.19 6,561.32
-600.44 484.69
4,308.15 4,021.63
1,705.74 2,047.51
254.98 279.76
2,016.84 1,766.86
1,104.79 899.06
8,960.98 7,819.74
-1,129.73 -1,066.73
69,410.55 65,040.65
5,042.41 1,537.62

-2,808.41 282.82
7,850.82 1,254.80

114.22 81.60
-165.48 -1,554.93
-51.26 -1,473.33
7,902.08 2,728.13

-71.68 -61.43

381.30 -134.12

-29.47 34.96

211.54 -99.69
 -53.24 9.93
438.45 -250.35
8,340.53 2,477.78

20.61 7.11
20.60 7.11

20.71 7.21
20.70 7.21
Statement of Cash Flows
Particulars
Cash flows from operating activities:
Profit for the year
Adjustments for:
Depreciation and amortisation expense
Allowance for trade receivables, loans and other receivables
Discounting of warranty and other provisions
Inventory write down (net)
Profit on sale of investments in subsidiary

Non cash exceptional items

Accrual for share-based payments
Lease charges (Amortisation considered as employee cost)
Profit on sale of assets (net) (including assets scrapped / written off)
Profit on sale of investments at FVTPL (net)
Marked-to-market gain on investments measured at FVTPL
Gain on fair value of below market interest loans
Tax credit (net)
Finance costs
Interest income

Dividend income
Unrealized foreign exchange loss (net)

Cash flows from operating activities before changes in following assets and liabilities

Trade receivables
Loans and other financial assets
Other current and non-current assets
Inventories
Trade payables
Other current and non-current liabilities

Other financial liabilities

Provisions

Cash generated from operations

Income tax paid (net)
Net cash from operating activities
Cash flows from investing activities:
Payments for property, plant and equipments
Payments for other intangible assets
Proceeds from sale of property, plant and equipments
Investments in Mutual Fund sold (net)
Investments in Government securities
Redemption of investments in Government securities
Investments in subsidiary companies
Investments in an associate company
Sale of investment in a subsidiary company
Redemption of investment in a subsidiary company
Loan given to subsidiary companies
Return of Investment by subsidiary company
Increase in short term inter corporate deposit
Deposits/restricted deposits with financial institution
Realisation of deposits with financial institution
Deposits/restricted deposits with banks
Realisation of deposits/restricted deposits with banks
Interest received
Dividend received
Net cash generated from investing activities
Cash flows used in financing activities:
Proceeds from issue of shares and share application pending allotment (net of issue expenses)
Proceeds from long-term borrowings
Repayment of long-term borrowings
Payment of option settlement of long term borrowings
Proceeds from short-term borrowings
Repayment of short-term borrowings
Net change in other short-term borrowings (with maturity up to three months)
Repayment of lease liabilities (including interest)
Dividend paid
Interest paid [including discounting charges paid, 1405.03 crores (March 31, 2023 R425.37 crores)
Net cash used in financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents as at April 1, (opening balance)
Effect of foreign exchange on cash and cash equivalents
Cash and cash equivalents as at March 31, (closing balance)

Non-cash transactions:
Liability towards property, plant and equipment and other intangible assets purchased on c
 (₹ in crores)

Year ended March 31, 2024 Year ended March 31, 2023

7902.08 2728.13

2016.84 1766.86
114.28 105.12
-90.84 -128.53
98.73 32.21
-3747.91 -

939.5 281.46
28.19 20.46
58.32 -
-32.04 -88.47
-81.21 -71.82
-3.53 -6.81
-11.31 -
-51.26 -1473.33
1705.74 2047.51
-201.24 -245.42

-655.33 -187.52
533.78 230.4
620.71 2282.12
8522.79 5010.25

-553.14 -306.46
123.78 126.28
212.54 -98.21
-541.21 658.37
315.79 -957.24
598.51 620.22

-52.19 -88.17

281.22 -21.46

8908.09 4943.58
-246.38 -168.15
8661.71 4775.43

-1005.42 -761.29
-985.85 -936.07
39.48 122.7
1267.34 2078.75
-42.45
9.69
-678.06 -191.18
-150
3812.31
13.54
-16 -45
131.83
-95.12 -15
-500
800
-1789.93 -276.64
273.28 141.78
180.05 185.27
655.33 187.52
1488.19 922.67

81.87 19.6
25.71 8.99
-5948.57 -4808.33
-82.78 -106.51
52.35
-937.1
756.92 825.77
-154.94 -68.33
-769.04
-1839.62 -2007.76
-7930.45 -7021.32
2219.45 -1323.22
1121.43 2450.23
4.01 -5.58
3344.89 1121.43

300.28 317.14
 TATA MOTORS
Ratio Analysis
S No. Ratios 2024 2023
1 Gross Profit Margin 28% 25%
2 Operating Profit Margin 7% 2%
3 Net Profit Margin 11% 4%
4 Return on Assets 12% 4%
5 Return on Equity 0.26 0.12
6 Return on Capital Employed 20% 8%
7 Asset turnover ratio 1.14 2.11
8 Inventory turnover ratio 16.06 32.55
9 Trade Receivable
Turnover 26.31 28.30
10 Net Capital Turnover ratio -5.98 -4.57
11 Debt to Equity ratio 9.00 1.75
12 EPS 20.61 7.11
13 Interest coverage ratio 2.96 0.75