APPENDIX - A: ALL VARIABLES - Information and …shodhganga.inflibnet.ac.in/bitstream/10603/12684/13/13...TATA POWER 6474.63 1088.39 11115.65 -2308.67 -317.56 -1330.36 3183.97 420.68

APPENDIX - A: ALL VARIABLES

1. PFM (Rs. Cr.)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 3275.60 -8047.69 -70042.64 61633.50 5811.04 1282.32 1754.31 135.23 108.35 293.85

ACC 1381.83 -689.67 -1436.18 -3043.08 2481.41 318.05 -281.81 176.69 325.14 530.88

AMBUJA 2015.49 -1585.96 -29.78 -478.05 -67795.55 47839.25 932.21 -349.33 905.23 -421.11

AXIS 21711.43 -8789.40 7917.54 6733.85 117.24 2156.05 2536.20 94.83 447.86 -195.45

AIRTEL -65515.10 11032.73 -10764.56 58912.88 18385.35 6483.24 19388.19 -1539.95 -1198.50 NA

BHEL 775.42 -17601.60 36972.66 -3875.84 26892.00 2625.10 5394.84 1841.28 698.81 543.65

BPCL 939.13 1353.42 1377.09 -5239.35 1314.50 -4930.25 3267.30 -1277.84 4446.16 -1935.95

CAIRN 706.93 9768.20 9696.42 2093.59 NA NA NA NA NA NA

CIPLA 4593.64 3396.01 -4163.85 -2620.03 ' 8850.83 61.73 1125.47 -1668.19 60.43 -210.80

DLF -7563.48 -15603.40 -8540.35 -204173.59 NA NA NA NA NA NA

GAIL 6714.97 5826.71 8249.88 -6241.98 -1013.17 -2408.46 5442.47 586.13 1292.48 NA

GRASIM 3743.05 -3574.05 -284.72 -1443.05 2338.09 458.69 4513.00 579.25 410.39 347.90

HCL 13743.12 -5695.27 -7212.09 -3714.99 1357.15 3896.43 -1718.83 -385.44 -1790.26 -10228.73

HDFC BANK -16221.85 12506.61 -30264.59 4138.00 -595.77 4837.75 1516.89 -102.90 894.94 944.94

HDFC 5844.65 5169.65 19277.48 2625.05 5950.24 1188.43 5428.00 128.98 1699.59 1686.99

HERO HONDA 7066.65 9092.43 -1884.68 -5292.67 1650.08 534.12 3629.24 -1959.86 4235.90 -15662.95

HINDALCO 17187.40 -6617.31 1091.51 -5987.20 -191495.37 108201.77 3718.67 -494.51 155.84 887.56

HUL -14254.54 9528.60 -2767.10 -19267.29 14881.38 -7144.52 -16801.14 -8997.70 1648.36 2925.73

ICICI 33359.91 7180.19 -13904.64 20545.36 -1448.03 6200.95 6281.71 1763.83 -2914.07 2307.20

IDEA -6164.28 -7947.87 -4611.70 1137.84 NA NA NA NA NA NA

IDFC 7174.15 -1728.51 4608.23 1279.66 -3441.09 NA NA NA NA NA

INFOSYS 37979.19 13838.51 -56183.70 26023.44 -18556.63 24958.73 -19411.48 8403.19 605.11 1310.44

ITC 2859.69 4736.35 8969.94 -22512.51 22064.99 5900.77 3610.18 2.73 -2859.31 4016.78

JSPL 32050.01 1463.58 21297.12 922.39 907.18 1493.78 675.93 325.16 -32.56 29.08

JP ASSOC 7544.86 4135.65 6324.57 200.78 2583.09 1073.28 NA NA NA NA

L&T 24379.35 -11947.29 29142.88 9389.15 13122.25 5586.65 -520.68 580.17 -730.67 416.19

M&M 9813.33 -61.73 -6137.47 2457.45 5681.82 -301.94 3186.13 161.65 6.93 -762.64

MUL 6582.93 4497.15 -4949.32 -4086.43 4974.80 -3936.42 3886.45 NA NA NA

NTPC -41486.69 33146.56 -1798.04 5816.50 13237.36 3559.64 NA NA NA NA

ONGC -22870.15 27283.10 -33194.15 -10271.59 -18036.58 -2811.12 27463.35 15760.52 21892.03 3089.81

PNB • 1001709.19 240329.17 -12783.72 44733.36 -117898.54 52585.26 170489.44 38781.54 NA NA

POWERGRID -18149.37 11135.01 -11359.19 NA NA NA NA NA NA NA

RANBAAXY 5584.61 -10914.54 2372.55 -4168.35 -41429.83 18967.61 182.31 , -3412.22 9867.78 -824.89

RELIANCE INFRA -612.16 3154.08 12293.72 -3731.81 -4676.02 -5988.51 6768.02 -10.78 477.82 160.03

REL CAP 1276.07 -36.71 6322.82 3305.59 7447.33 393.13 555.84 -7.55 -112.59 -784.68

RCOM -18568.78 2736.59 -10576.11 43129.56 -1021.25 NA NA NA NA NA

RIL -536541.61 138494.15 108657.05 73607.24 -9941.70 -6684.51 6700.57 5729.52 -10167.14 18319.07

REL POWER -6420.50 -18016.35 49190.84 NA NA NA NA NA NA NA

SIEMENS 8708.38 -4038.66 -2398.66 -87563.81 87580.13 2120.45 1936.08 163.96 0.80 12.97

SBI 10843.61 9306.87 5179.63 8237.09 -5002.32 -1136.22 6213.79 4266.81 1478.96 2106.19

SAIL 20866.65 100948.62 82352.65 -33905.21 -112470.87 -19558.91 -9334.01 47151.97 7962.30 41144.87

STERLITE 25967.45 20335.60 29513.70 43628.39 -1661.22 350.76 3376.79 -1277.87 986.82 -393.23

SUN 3018.96 -890.09 898.43 2583.39 3739.76 2176.30 4297.17 -1848.80 510.35 525.06

SUZLON -1641.38 -9103.30 -9297.48 -12513.02 24692.22 NA NA NA NA NA

TATA MOTOR 26957.02 -4294.52 -10326.68 -10766.36 10068.21 -4412.87 6985.32 1927.78 2260.37 -1073.78

TATA POWER 6474.63 1088.39 11115.65 -2308.67 -317.56 -1330.36 3183.97 420.68 365.17 1447.22

TATA STEEL 5214.83 18223.50 41346.25 -7443.98 -2356.35 4386.71 5468.39 871.97 617.48 1842.04

TCS 71603.67 2618.88 -67838.13 19123.89 -20711.54 63510.18 NA NA NA NA

UNITECH 762.38 -9645.28 -23.29 27853.32 2950.11 307.36 35.25 -7.53 22.58 -4.28

WIPRO 49163.02 -11403.89 -24510.08 -5741.39 -5065.14 11503.31 -29004.26 455.40 11832.40 -12393.23

ZEE 18538.69 -2654.72 -11565.29 -1380.04 -21592.94 -32975.59 -42674.67 1480.01 21640.43 -31985.85

2. EVA (Rs. Cr.)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB -1374.18 1090.55 -139.60 261.64 -160.05 109.95 -155.24 110.04 69.09 150.57

ACC -1901.62 3314.02 402.52 1435.43 295.31 680.90 -183.19 542.95 336.29 480.79

AMBUJA -5470.95 -5407.84 -2596.17 -669.43 -498.89 314.94 -540.79 496.62 342.91 738.36

AXIS -13418.90 10334.02 -1699.08 -187.05 -892.47 50.09 -1014.43 357.68 177.50 292.76

AIRTEL -8321.23 20116.70 5933.43 5905.06 995.62 2493.11 -2428.62 377.43 165.72 -125.46

BHEL -5435.98 7749.80 -690.35 1672.20 -1002.27 492.27 -3206.99 900.57 734.15 1329.24

BPCL 1173.30 3038.77 1874.05 2544.46 -276.24 1371.98 -591.32 2343.27 1586.67 1751.90

CAIRN -46.94 54.74 -78.81 -29.07 NA NA NA NA NA NA

CIPLA -991.25 1522.11 226.52 504.57 -62.16 347.77 -82.37 305.38 250.58 288.13

DLF -5950.75 6306.16 480.94 427.80 206.87 55.40 28.68 7.45 23.46 39.72

GAIL -3686.14 7157.03 -263.61 2120.90 -2044.86 1871.45 -3582.53 1 2522.80 2051.51 1486.86

GRASIM -6413.73 5782.85 -384.33 887.51 -3008.03 512.66 -3364.30 901.28 729.08 1969.23

HCL -855.64 1974.39 157.22 927.47 -960.86 99.69 -1932.76 1132.06 682.61 1367.62

HDFC BANK -8749.35 8008.65 -1528.87 682.20 -1338.29 252.60 -399.13 486.69 295.96 418.64

HDFC -9761.51 8425.72 -887.32 1029.28 -1144.77 647.38 -292.60 669.64 467.21 -93.75

HERO HONDA 435.80 1798.71 636.48 799.73 167.34 777.27 78.25 726.53 521.81 333.34

HINDALCO -17786.11 11001.44 -413.10 2386.30 -2193.28 1405.47 -1622.27 987.45 781.04 1176.91

HUL 1592.54 2874.44 1865.43 1730.20 239.63 1316.56 1216.99 2376.09 1703.72 1920.25

ICICI -46901.23 35270.10 -10162.76 808.63 -13254.23 1493.48 -3323.26 1659.53 318.78 3063.46

IDEA -2582.63 5585.05 1804.70 1217.96 527.65 321.34 58.88 149.73 21.65 -184.69

IDFC -5748.23 3998.65 -1398.89 160.68 -1127.16 103.38 -347.35 167.02 115.37 109.95

INF'OSYS -4390.58 10648.24 2078.49 3153.74 -1846.18 1615.69 -1715.29 1848.42 1168.13 1080.82

ITC -1648.89 6153.13 915.80 2212.20 -2501.87 1839.72 -1008.84 1980.53 1449.28 1715.38

JSPL -159.00 3508.68 1058.62 1137.66 492.37 716.61 122.70 315.32 181.18 209.14

JP ASSOC -181.79 3130.78 338.82 576.45 171.34 452.27 427.07 401.00 149.58 3.93

L&T -6750.53 7475.92 362.74 1198.47 -838.62 945.58 -780.06 975.08 927.01 1455.87

M&M -2546.67 2428.03 763.05 1030.55 -248.60 555.83 -667.98 602.20 287.56 782.14

MUL -2582.16 4055.79 658.74 1298.55 -2169.97 760.33 -2760.90 454.90 350.30 -75.20

NTPC -4913.56 21526.05 -1197.93 7295.10 -3672.57 5435.64 8463.39 4518.75 4051.52 5024.20

ONGC -24054.86 37840.14 -551.49 12583.32 -11882.86 8466.85 -18262.95 11246.29 7268.07 8948.21

PNB -6874.12 8299.32 -1544.69 574.24 -4309.84 525.61 -3777.45 1710.15 658.90 1117.27

POWERGRID 1650.52 4840.06 1192.59 2306.11 1966.99 1627.47 1547.23 1244.48 1178.43 1451.93

RANBAAXY 151.83 1713.65 -1841.35 798.26 10.64 151.79 -610.21 1008.39 713.47 476.69

RELIANCE INFRA -10379.03 6735.68 -2247.48 659.59 -2266.11 401.55 -2436.85 478.40 485.91 917.80

REL CAP -2115.23 2714.84 37.31 218.73 -3146.13 106.04 -356.09 427.81 315.33 835.58

RCOM -30126.38 26142.72 207.33 3223.40 -14132.03 NA NA NA NA NA

RIL -45057.12 61389.75 7238.67 14037.23 -9373.16 9704.61 -6732.44 12211.67 8627.45 6677.96

REL POWER -9879.03 5851.58 -4496.73 -17.24 -0.06 -0.01 -0.04 0.00 0.00 0.00

SIEMENS -1910.06 2174.76 58.58 480.90 -86.87 214.55 -94.85 192.21 106.23 161.88

SBI -45120.31 32359.46 -7442.57 2087.51 -12319.12 1467.15 -13152.30 5177.96 2574.61 4926.23

SAIL -11679.77 18168.51 747.69 6009.20 -3114.41 9119.90 1531.02 1188.43 -282.03 1414.64

STERLITE -16222.01 7163.55 -2653.05 698.65 -1264.64 13.49 319.38 312.54 226.78 619.50

SUN -10009.10 2028.88 -1062.43 359.76 -685.47 142.78 -178.01 243.53 142.95 547.85

SUZLON -5984.83 -6598.22 -5479.62 -2478.50 -1903.24 -389.92 -211.54 -205.62 -104.35 -41.63

TATA MOTOR -1521.34 4783.40 2258.34 2459.33 -270.64 1492.70 -1058.12 1402.29 458.51 523.34

TATA POWER -1961.98 3594.94 -779.87 787.12 -1600.24 591.07 -2610.82 1432.77 1086.78 2005.71

TATA STEEL -14212.07 15715.15 2664.90 4791.63 -1278.25 3561.45 -246.02 1948.75 939.28 1859.88

TCS -2859.47 9380.95 2519.45 3297.03 -801.43 1681.42 11.27 10.91 NA NA

UNITECH -5406.33 1456.74 926.90 1011.11 65.15 33.02 -12.03 22.08 9.87 19.40

WIPRO -1703.04 6843.05 1612.81 2242.02 -2875.18 1005.97 -2807.36 1890.72 1297.46 1995.01

ZEE -817.26 1017.83 -153.74 30.47 -626.41 43.37 -1550.45 1188.23 609.82 2354.44

3. DE Ratio

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 0 0 0 0 0 0 0.01 0.02 0.03 0.03

ACC 0.09 0.1 0.09 0.17 0.4 0.72 1 1.21 1.47 1.52

AMBUJA 0.02 0.04 0.06 0.15 0.35 0.57 0.83 1.1 1.1 0.94

AXIS 71.87 68.89 65.94 59.85 52.8 47.4 43.63 42.84 47.59 56.22

AIRTEL 0.2 0.3 0.38 0.54 0.83 0.6 0.07 0.01 0.02 0.09

BHEL 0.01 0.01 0.01 0.04 0.08 0.1 0.11 0.13 0.2 0.17

BPCL 1.72 1.52 1.18 0.99 0.79 0.54 0.56 0.82 0.99 0.89

CAIRN 0.02 0 0 0 NA NA NA NA NA NA

CEPLA 0.09 0.18 0.1 0.11 0.19 0.14 0.13 0.07 0.04 0.03

DLF 0.88 0.76 1.27 7.54 3.54 1.7 0.97 0.13 , 0.3 0.91 -

GAIL 0.08 0.09 0.11 0.15 0.21 0.26 0.3 0.38 0.47 0.5

GRAS1M 0.27 0.37 0.43 0.44 0.43 0.51 0.63 0.73 0.69 0.71

HCL - 0.23 0.08 0.01 0.01 0.02 0.04 0.02 0 0 0

HDFC BANK 72.44 66.64 65.28 66.08 65.8 64.87 55.89 46.39 39.06 39.82

HDFC 6.52 6.37 6.1 7.22 10.4 9.98 8.98 8.07 7.31 6.74

HERO HONDA 0.02 0.03 0.05 0.08 0.11 0.14 0.15 0.16 0.14 0.11

HINDALCO 0.28 0.4 0.53 0.56 0.5 0.44 0.38 0.31 0.19 0.16

HUL .

0.09 0.15 0.04 0.03 0.35 0.75 0.3 0.02 0.04 0.06

ICICI 95.04 95.93 88.74 86.46 89.7 91.74 99.7 1 125 111.56 40.73

IDEA 0.62 0.95 1.88 2.14 2.54 2.41 2.02 2 3.5 6

IDFC 3.89 3.99 4.46 4.47 3.59 2.93 1.89 1.27 1.07 1.01

INFOSYS 0 0 0 0 0 0 0 0 0 0

ITC 0.01 0.02 0.02 0.02 0.02 0.03 0.02 0.04 0.15 0.24

JSPL 1.1 0.97 1.19 1.45 1.34 1.16 1.33 1.41 1.08 0.82

JP ASSOC 2.13 2 2.01 2.06 2.2 2.28 1.88 1.9 1.4 2.45

L&T 0.43 0.46 0.37 0.34 0.42 0.52 0.72 0.97 1.06 1.06

M&M 0.53 0.69 0.54 0.39 0.4 0.48 0.56 0.83 0.71 0.52

MUL 0.07 0.09 0.1 0.06 0.04 0.08 0.11 0.19 0.33 0.3

NTPC 0.6 0.56 0.51 0.48 0.43 0.42 0.42 0.41 0.39 0.41

ONGC 0.2 0.19 0.21 0.24 0.22 0.24 0.16 0.07 0.13 0.2

PNB 74.34 72.88 70.55 65.97 60.6 56.33 53.41 53.31 51.9 48.85

POWERGRID 2.03 1.77 1.69 1.64 1.5 1.47 1.46 1.44 1.33 1.26

RANBAAXY 0.82 0.9 1.15 1.37 0.89 0.24 0.04 0.01 0.04 0.12

RELIANCE INFRA 0.44 0.55 0.55 0.65 0.63 0.58 0.39 0.25 0.26 0.31

REL CAP 1.87 1.8 0.96 0.18 0.28 1.04 1.24 1.61 1.43 1.43

RCOM 0.54 0.67 0.77 0.41 0 NA NA NA NA NA

RIL 0.47 0.56 0.57 0.45 0.47 0.49 0.57 0.69 0.73 0.78

REL POWER 0 0 0 NA NA NA NA NA NA NA

SIEMENS 0 0 0 0 0 0 0.01 0.01 0.01 0.08

SBI 75.96 74.97 77.51 73.46 62.1 52.55 48.1 45.63 45.66 48.15

SAIL 0.39 0.21 0.18 0.28 0.44 0.94 2.86 5.02 3.82 2.99

STERLITE 0.25 0.26 0.34 0.56 0.58 0.97 1.54 1.11 0.8 0.78

SUN 0 0.01 0.18 0.72 1.39 1.08 0.21 0.01 0.04 0.1

SUZLON 1.23 0.77 0.4 0.23 0.18 0.41 0.45 0.26 0.19 0.18 ,

TATA MOTOR 1.1 0.97 0.7 0.56 0.56 0.49 0.44 0.74 0.93 0.86

TATA POWER 0.57 0.49 0.47 0.55 0.53 0.45 0.42 0.58 0.66 0.67

TATA STEEL 0.78 0.78 0.67 0.51 0.31 0.53 0.99 1.35 1.13 1.01

TCS 0 0 0 0.01 0.02 0.15 4.47 0 NA NA

UNITECH 1.15 3.16 3.55 3.1 2.55 1.41 0.91 1.01 1.13 1.23

WIPRO 0.35 0.37 0.19 0.02 0.01 0.02 0.02 0.02 0.02 0.04

ZEE 0.06 0.08 0.11 0.21 0.27 0.19 0.11 0.1 0.09 0.06

4. PBIDTM (%)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 2.83 9.55 12.52 12.7 12.16 11.75 10.94 11.2 13.86 11.09

ACC 22.31 31.19 25.15 26.74 27.5 16.74 16.07 13.96 11.28 14.93

AMBUJA 25.41 27.49 27.45 34.7 32.51 26.63 28.95 27.23 30.76 32.59

AXIS 3.48 2.95 2.57 2.1 2.43 2.04 3.49 2.5 3.43 1.5

AIRTEL 41.77 39.74 41.81 40.7 36.23 36.7 0 0 0 0

BHEL 2. 0.47 18.3 21.92 21.31 19.46 17.82 16.92 15.55 15.12 9.93

BPCL 3.51 3.28 3.59 3.91 1.67 3.28 6.18 5.61 5.31 4.43

CAIRN -219.69 -324.93 -3,681.10 0 NA NA NA NA NA NA

CIPLA 28.06 22.01 23.78 26.11 26.69 22.27 22.7 22.28 24.14 24.42

DLF 78.95 96.38 64.91 87.11 50.58 29.54 12.5 18.59 21.95 57.89

GAIL 20.53 19.86 24.25 21.41 26.58 28.02 29.13 28.44 24.98 23.22

GRASIM 33.59 23.43 28.65 27.64 20.96 23.98 24.54 21.04 18.37 17.72

HCL 30.09 31.48 21.81 36.32 24.04 28.48 29.94 36.33 62.91 65.7

HDFC BANK 3.33 2.94 3.13 2.98 2.75 2.56 2.56 2.58 2.61 2.83

HDFC 96.65 96.8 96.83 89.46 95.86 95.02 94.81 95.01 95.66 96.07

HERO HONDA 18.03 14.51 13.06 12.02 15.17 15.22 15.32 18.61 16.73 13.36

HINDALCO 15.71 18.78 18.78 21.82 23.34 24.65 26.51 26.62 45.63 46.3

HUL 16.54 14.9 15.28 15.12 14.77 15.97 21.29 21.36 18.02 15.91

ICICI 2.72 2.33 2.14 2.05 1.98 2.18 2.09 2.49 2.14 2.35

IDEA 27.71 30.71 36.65 34.85 36.63 32.1 21.63 35.38 24.82 -12.7

IDFC 91.75 92.04 92.3 92.87 91.27 87.75 78.81 85.21 92.6 87.58

INFOSYS 37.67 39.4 36.57 36.2 35.15 34.85 36.41 35.75 37.23 42.43

ITC 25.57 23.43 23.64 22.31 22.05 22.75 21.96 21.17 20.9 21.21

JSPL 34.88 31.98 35.92 37.29 36.46 37.4 39.16 36.7 38.51 36.71

JP ASSOC 28.35 34.95 32.99 28.83 25.51 25.47 24.25 22.3 17.7 10.04

L&T 15.11 13.41 13.92 12.83 9.74 8.25 9.84 10.65 13.81 13.98

M&M 16.74 10.29 11.92 14.73 11.8 12.14 11.56 10.64 8.94 8.92

MUL 13.93 9.63 14.89 15.05 13.93 13.48 12.91 6.98 5.92 1.44

NTPC 32.91 32.51 38.38 39.51 42.66 43.06 54.72 32.94 33.52 39.29

ONGC 43.54 39.94 44.38 44.45 49.93 43.35 43.85 48.92 46.82 44.89

PNB 2.7 2.52 2.25 2.41 2.18 2.25 3.26 2.87 2.11 1.59

POWERGRID 86.28 87.26 91.41 96.28 90.95 94.16 102.15 91.19 82.14 85.75

RANBAAXY 28.46 26.35 -29.86 22.71 14.47 6.88 18.51 27.49 25.91 15.81

RELIANCE INFRA 16.98 17.98 27.36 23.62 33.42 23.92 22.96 12.58 22.17 26.3

REL CAP 70.49 77.5 76.79 88.58 95.11 98.19 97.61 97.45 96.68 96.79

RCOM 23.93 28.66 35.95 36.95 NA NA NA NA NA NA

RIL 15.92 16.49 17.34 17.29 17.34 16.81 19.49 19.53 18.7 19.98

REL POWER 0 0 0 NA NA NA . NA NA NA NA

SIEMENS 14.43 15.05 9.48 10.41 11.59 13.64 13.48 14.74 11.92 10.74

SBI 1.75 2.05 1.96 1.86 2.27 2.61 2.5 2.27 1.83 1.33

SAIL 27.04 22.47 28.17 27.78 22.58 34.8 19.5 10.74 2.4 11.46

STERLITE 11.29 13.93 10.48 9.94 11.99 10.46 14.17 21.05 17.01 12.01

SUN 39.67 34.57 34.68 30.21 31.04 29.34 32.18 31.56 27.66 27.45

SUZLON 1.72 13.22 26.48 24.06 26.48 24.65 19.89 19.7 25.22 26.19

TATA MOTOR 11.01 7.83 10.05 11.16 12.11 11.51 12.38 11.16 8.14 4.27

TATA POWER 30.19 20.43 18.28 22.62 22.1 27.5 31.9 31.12 27.79 26.81

TATA STEEL 34.58 36.43 39.79 37.1 36.11 38.72 29.51 24.14 17.84 23.02

TCS 29.72 24.84 29.88 30.23 29.69 28.02 0 0 0 NA

UNITECH 55.85 91.27 63.03 61.62 22.71 13.24 8.49 12.34 6.64 15.78

WIPRO 27.72 19.8 22.89 25.75 25.67 26.77 23.84 26.61 31.48 27.81

ZEE 49.84 38.72 48.75 31.53 15.86 43.05 46.38 43.51 49.12 48.78

5. PBITM (%)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 2.05 8.8 12.02 12.19 11.58 11.03 10.11 10.03 12.31 9.34

ACC 17.73 27.27 21.58 22.86 23.56 12.32 11.91 9.41 6.38 10.29

AMBUJA 20.72 23.65 23.78 31 27.86 20.17 21.63 18.77 22.05 23.65

AXIS 7.73 8.59 8.08 7.42 7.05 6.94 8.08 8.92 9.94 10.07

AIRTEL 30.84 30.31 29.49 27.52 22.46 23.8 0 0 0 0

BHEL 19.14 17.13 20.55 19.87 17.79 15.75 14.69 13.14 12.85 7.52

BPCL 2.57 2.54 2.69 3.07 0.77 2.34 5.13 4.62 4.1 2.98

CAIRN -221.25 -326.01 -3,681.10 NA NA NA NA NA NA

CIPLA 25.01 18.99 20.93 23.18 24.04 19.9 20.66 20.45 22.61 22.93

DLF 73.74 92.36 64.44 86.28 50.19 28.79 11.93 17.56 20.42 52.63

GAIL 18.31 17.57 21.18 17.93 22.82 21.31 23.78 22.98 19.19 17.39

GRASIM 29.62 19.67 25.61 24.33 17.14 20.03 20.08 16.35 13.41 12.86

HCL 24.69 26.09 17.09 31.59 19.46 23.81 24.89 30.68 58 62.59

HDFC BANK 8.39 9.28 8.42 7.73 7.11 6.85 7.28 7.89 3.12 3.89

HDFC 96.5 96.64 96.68 89.27 95.57 94.59 94.27 94.24 94.8 94.89

HERO HONDA 16.89 13.17 11.73 10.81 14.03 14.18 14.23 17.37 15.58 11.97

HINDALCO 12.43 15.48 15.95 19.02 19.1 20.15 21.68 21.62 39.79 40.74

HUL 15.53 14 14.34 14.12 13.73 14.86 20.17 20.13 16.79 14.76

ICICI 7.19 8.11 8.29 7.69 7.3 6.94 7.83 9.07 8.44 10.07

IDEA 14.62 18.1 23.6 19.47 19.31 17.53 4.44 4.99 -3.79 -25.34

IDFC 90.83 91.44 92.12 92.61 90.93 87.25 78.16 84.24 91.6 86.64

INFOSYS 34.75 35.58 33.14 32.71 31.58 30.32 32.51 30.9 32.01 36.26

ITC 23.25 21.06 21.58 20.43 20 20.41 19.92 19.02 18.88 19.6

JSPL 28.39 26.86 28.54 28.66 28.84 31.18 31.51 30.9 31.73 30.48

JP ASSOC 24.01 29.91 28.29 24.46 21.03 20.95 19.39 18.26 7.05 10.04

L&T 14.08 12.58 13.15 11.94 9.02 7.6 9.04 7.72 9.83 9.98

M&M 14.9 8.28 10.07 12.86 9.63 . 9.73 8.75 6.96 5.4 5.64

MUL 11.35 6.58 12.19 13.47 12 10.05 8.43 3.4 2.15 -2.16

NTPC 27.23 26.91 32.65 33.18 35.04 34.45 43.99 24.91 25.79 27.09

ONGC 41.52 37.68 42.06 41.62 45.32 42.18 41.99 46.74 43.44 40.41

PNB 7.92 8.47 8.01 7.49 7.28 7.04 8.12 9.27 9.5 9.84

POW ERGRID 58.5 68.03 70.5 73.05 67.29 68.6 75.35 69.06 64.54 56.97

RANBAAXY 24.39 23.22 -33.36 20.3 12.23 4.81 16.91 26 24.31 13.51

RELIANCE INFRA 13.72 15.49 23.74 19.46 24.6 15.57 13.88 5.89 13.75 17.71

REL CAP 69.74 76.8 75.97 87.78 88.21 84.22 85.82 77.48 84.02 75.53


RIL 10.66 11.25 13.79 13.81 13.27 12.99 14.4 13.75 13.03 13.77


SIEMENS 13.37 14.15 8.74 9.8 10.67 12.64 12.17 13.21 10.02 8.33

SBI 6.8 7.29 7.32 7.34 7.19 7.7 7.99 9.1 9.01 8.7

SAIL 23.99 19.82 25.49 24.71 18.89 31.28 14.85 4.79 -5 4.46

STERLITE 10.19 12.58 9.44 8.87 10.33 7.7 10.64 16.22 12.92 9.15

SUN 36.97 33.07 32.93 28.2 28.7 26.72 29.82 29.35 25.35 24.81

SUZLON -1.9 11.85 25.23 22.69 25.27 22.62 18.67 17.53 24.47 25.7

TATA MOTOR 8.31 4.76 8.06 9.31 9.91 9.28 9.86 7.74 4.05 -0.11

TATA POWER 23.51 15.91 13.39 16.44 16 18.37 24.02 23.71 20.4 20.81

TATA STEEL 30.53 32.8 36.03 32.96 31.59 34.82 24.27 18.47 10.93 16.68

TCS 27.68 22.97 27.37 27.94 27.4 26.36 0 0 NA NA

UNITECH 55.54 90.73 62.73 61.44 22.23 12.82 8.04 11.56 5.42 14.47

WIPRO 25.2 17.33 20.31 23.14 22.83 24.21 20.92 23.19 27.4 24.69

ZEE 48.94 37.73 47.73 30.55 14.08 40.9 44.41 41.64 47.46 47.67

6. PBDTM (%)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 2.3 8.87 11.85 12.36 11.94 11.33 10.66 10.86 13.36 9.92

ACC 21.65 30.22 24.66 25.8 26.34 14.96 13.94 11.07 7.28 10.42

AMBUJA 24.82 27.2 27 33.51 30.89 23.6 23,.99 20.98 23.33 22.79

AXIS 3.05 2.86 2.83 2.39 2.46 2.36 2.64 1.9 1.58 1.13

AIRTEL 40.97 33.42 39.45 38.96 34.13 32.69 0 0 0 0

BHEL 20.37 18.19 21.76 21.08 19.06 17.05 16.24 14.84 13.82 9.26

BPCL 2.74 1.79 3.04 3.42 1.38 3.06 5.98 5.1 4.54 3.87

CAIRN -2,290.94 -334.05 -3,682.68 0 NA NA NA NA NA NA

CIPLA 27.54 20.97 23.35 25.79 26.16 21.77 22.02 21.99 23.86 24.17

DLF 43.93 67.82 56.82 55.68 35.74 22.22 10.55 16.39 14.8 29.43

GAIL 20.25 19.51 23.82 20.76 25.79 27.07 28.02 26.86 22.84 21.26

GRASIM 22.23 22.28 27.73 26.48 19.61 22.06 22.03 17.93 14.62 13.11

HCL 28.09 30.88 21.39 35.98 23.62 28.09 29.45 36.21 62.67 65.63

HDFC BANK 4.13 4.69 4.66 4.21 4.07 3.79 3.67 3.03 3.19 3.71

HDFC 37.94 34.63 29.38 31.03 33.63 36.76 37.35 34.12 29.46 26.77

HERO HONDA 18.02 14.49 13.05 12.01 15.14 15.2 15.29 18.58 16.69 13.28

HINDALCO 14.35 17.06 17.43 20.59 21.49 23 23.81 24.02 43.9 43.82

HUL 16.5 14.78 15.11 15.04 14.61 14.77 20.69 21.28 17.96 15.79

ICICI 2.18 2.14 1.96 1.89 2.24 1.93 1.7 1.34 0.96 2.54

IDEA 22.95 21.39 29.67 27.04 23.72 16.17 -0.56 11.62 -3.03 -62.66

IDFC 37.53 29.59 33.92 37.36 41.78 44.88 43.34 44.64 50.7 50.59

INFOSYS 37.66 39.39 36.56 36.19 35.14 34.84 36.4 35.74 37.21 42.4

ITC 25.23 23.23 23.46 22.23 21.92 22.37 21.67 20.8 20.11 20.04

JSPL 30.68 28.81 31.95 32.85 32.9 33.91 33.18 28.35 28.08 28.06

JP ASSOC 17.42 25.45 24.19 20.97 16.88 15.65 15.08 12.89 11.02 -4.51

L&T 13.4 12.02 13.23 12.06 8.59 7.35 8.57 8.05 8.88 7.68

M&M 15.96 9.36 11.24 14.56 11.51 11.74 10.25 8.06 6 6.28

MUL 13.83 9.41 14.61 14.83 13.8 13.21 12.52 6.4 5.07 0.59

NTPC 29.03 27.78 33.22 33.47 35.18 35.35 36.86 27.74 28.67 33.57

ONGC 43.52 39.75 44.28 44.42 49.86 43.26 43.7 48.6 45.8 43.21

PNB 3.15 3.08 3.08 3.39 3.44 3.51 3.86 3.94 3.38 3.49

POWERGRID 64.62 58.39 62.38 64.52 60.83 61.7 58.36 57.88 52.92 61.3

RANBAAXY 27.49 25.51 -33.17 20.52 13.04 6.16 18.22 27.27 25.22 13.59

RELIANCE INFRA 14 14.62 22.34 19.28 28.57 20.67 20.97 10.61 19.71 23.89

REL CAP 18.43 36.44 57.15 83.75 88.41 49.68 41.45 42.35 30.58 40.17


RIL 15.02 15.49 16.15 16.52 16.34 15.83 17.48 16.98 15.59 15.96


SIEMENS 14.23 14.87 9.36 10.33 11.48 13.51 13.4 1 14.64 11.54 10.31

SBI 2.34 2.47 2.64 2.84 3.27 3.21 2.85 2.75 2.73 2.9

SAIL 26.12 21.93 27.63 26.93 21.15 32.76 15.54 3.56 -7.76 0.73

STERLITE 9.41 12.27 9.25 8.46 10.42 7.9 9.93 13.68 11 7.36

SUN 39.65 34.5 34.52 29.83 30.4 28.42 31.81 31.45 27.18 26.2

SUZLON -19.25 7.22 24.46 22.17 25.04 22.5 16.64 17.35 24.36 25.29

TATA MOTOR 7.76 4.99 8.75 9.99 10.87 10.43 11.04 8.24 3.35 -1.93

TATA POWER 24.27 15.93 15.35 18.56 18.48 22.64 25.2 23.17 18.65 19.58

TATA STEEL 27.67 30.88 35.61 35.83 35.09 37.28 27.61 20.64 12.53 17.71

TCS 29.68 24.8 29.86 30.21 29.65 27.89 0 0

UNITECH 37.72 52.24 49 53.89 17.02 8.94 5.94 7.24 0.74 8.32

WIPRO 27.25 18.88 22.23 25.7 25.64 26.69 23.78 26.53 31.39 27.6

ZEE 48.47 32.28 44.62 29.35 14.18 40.5 39.05 32.73 34.72 43.28

7. APATM (%)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 0.96 5.46 7.46 7.7 7.39 6.83 6.31 6.83 8.26 6.27

ACC 13.08 18.42 14.73 16.3 17 8.31 8.34 5.15 2.09 4.59

AMBUJA 15.3 15.78 16.59 18.5 21.4 15.5 14.6 11 11.8 12.88

AXIS 1.53 1.41 1.17 1.07 1.11 1.08 1.27 1.13 1.07 0.99

AIRTEL 26.47 22.77 24.29 22.6 17.9 15.3 0 0 0 0

BHEL 12.46 11.01 13.16 12.7 11.4 9.03 8.88 6.92 7.95 7.13

BPCL 1.17 0.69 1.3 1.68 0.34 1.51 3.17 2.58 2.13 1.81


CIPLA 19.98 15.47 17.16 18.9 20.1 15.4 15.5 16 17 17.09

DLF 31.62 54.59 46.53 36 23.1 15 7.36 10.7 • 11.9 20.9

GAIL 12.37 11.48 14 14.4 15.5 13.9 15.1 13.9 11.2 11.2

GRASIM 19.86 13.57 17.24 16 11.3 12.3 12.7 9.22 7.96 7.29

HCL 20.8 21.33 14.91 29.2 18.6 22.8 23.4 29.8 55.6 58.91

HDFC BANK 1.45 1.42 1.42 1.38 1.39 1.42 1.4 1.43 1.51 1.54

HDFC 27.45 24.88 20.72 22.3 26.6 29.3 30.4 27.7 23.2 21.48

HERO HONDA 13.3 9.46 8.04 7.43 9.63 9.43 9.65 11.4 10.4 7.79

HINDALCO 9.36 11.41 13.8 13 13.6 12.9 12.8 12.3 26 26.47

HUL 12.1 11.55 11.69 11.9 11.8 11 16 16.2 14 11.52

ICICI 1.08 0.96 1.12 1.04 1.21 1.36 1.4 1.14 0.42 1.01

IDEA 8.89 8.33 15.54 11.5 6.26 1.6 -17.8 -18.8 -31.7 -75.29

IDFC 28.16 22.1 25.86 30 37.1 41.8 40.7 39.2 46.1 44.6

INFOSYS 25.38 27.45 28.72 28.6 28.8 26.8 27.8 26.1 26.4 31.03

ITC 15.46 14.1 14.61 14 13.8 13.8 13.5 12.4 12.1 11.59

JSPL 18.76 18.18 20.23 18 19.9 21.1 22 18.3 18.7 19.83

JP ASSOC 9.38 14.64 14.09 11.1 10.4 7.03 6.49 4.19 0.37 -4.51

L&T 8.88 7.67 8.59 7.82 5.64 5.16 5.39 4.36 4.25 3.42

M&M 10.36 5.98 7.36 9.55 7.38 6.7 5.92 3.24 2.99 2.82

MUL 7.82 4.63 8.23 9.08 8.06 6.4 5.63 1.44 1.15 -3.02

NTPC 18.72 19.44 19.88 20.9 24.2 25.6 23.3 18.9 19.8 19.58

ONGC 27.85 25.22 27.77 27.5 29.9 27.8 26.6 30.3 26.7 22.12

PNB 1.44 1.4 1.14 1 1.06 1.24 1.18 1.06 0.83 0.79

POWERGR1D 28.63 29.71 34.74 34.3 32.1 31.3 33.1 30.6 30.6 29.73

RANBAAXY 18.21 12.06 -23.66 14.5 9.28 4.71 14 21.4 20.7 10.24

RELIANCE INF'RA 9.8 11.58 17.63 13.9 16.4 11.3 10.5 4.18 10.5 14.03

REL CAP 14.01 32.11 49.31 73.1 79.6 34 29.7 22.4 17.9 17.51


RIL 7.84 8.1 10.46 11 10.1 10.2 10.4 9.17 8.19 7.14


SIEMENS 8.66 10.22 5.83 6.62 7.52 8.77 7.96 9.29 6.39 5.63

SBI 0.91 1.08 1.04 0.86 0.92 0.99 0.94 0.86 0.73 0.56

SAIL 15.38 12.66 16.39 15.7 12.3 21.3 10.4 -2.33 -15.2 -6.27

STERLITE 7.26 10.08 7.08 6.35 6.6 5.29 6.42 7.64 5.18 4.13

SUN 34.98 32.23 31.58 27.3 26.5 24.4 24.1 26.8 22.7 22.02

SUZLON -29.69 6.83 21.95 19.7 21.7 18.9 15.4 14.6 21.2 22.01

TATA MOTOR 4.01 1.87 5.33 6.05 6.46 6.14 5.34 2.84 -0.1 -6.31

TATA POWER 13.13 9.46 9.62 14.7 10.2 9.53 12.4 12.5 8.53 10.23

TATA STEEL 16.53 19.38 21.12 21.4 20.5 21.9 14.7 12 4.59 10.44

TCS 24.38 20.96 24.65 25.2 24.2 22.8 0 0

UNITECH 28.46 39.98 36.76 39.3 10.7 5.87 3.76 4.51 0.08 4.88

WIPRO 21.29 13.76 17.35 20.7 19.7 20.5 17.6 20.1 24.9 21.31

ZEE 43.7 25.59 28.32 19.2 8.31 25.1 22.8 19.8 23.9 36

8. ROCE (%)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 5.59 25.33 47.49 55.7 51.42 44.04 37.78 28.55 30.46 22.98

ACC 22.37 39.67 36 42.13 41.3 19.08 18.46 13.86 8.46 12.56

AMBUJA 24.39 29 30.75 42.49 34.1 18.55 14.99 11.28 10.64 11.68

AXIS 1.67 1.44 1.24 1.1 1.18 1.21 1.42 1.17 1.13 0.8

A1RTEL 28.48 33.17 34.83 34.07 22.55 23.96 0.16 0.17 -1.17 0.11

BHEL 45.47 40.73 45.23 45.16 36.37 26.86 23.55 19.89 20.14 11.97

BPCL 9.84 12.29 13.68 17.09 4.71 15.91 33.07 28.22 20.32 19.12


CIPLA 24.18 19.93 22.41 28.28 34.75 28.96 31.15 30.66 37.95 36.35

DLF 7.52 12.58 26.34 17.65 21.13 13.71 9.7 14.04 17.89 16.14

GAIL 27.14 28.37 29.14 24.1 30.15 29.75 32.87 33.5 25.44 22.89

GRAS IM 24.91 19.72 29.03 28.98 19.71 24.04 22.97 18.02 13.94 13.3

HCL 24.27 33.69 23.52 39.33 21.28 12.89 11.93 12.09 22.04 30.83

HDFC BANK 1.53 1.28 1.32 1.33 1.38 1.47 1.45 1.52 1.48 1.62

HDFC 10.17 10.52 11.96 11.01 9.9 8.84 8.87 9.94 11.81 13.04

HERO HONDA 76.48 50.99 49.09 51.66 72.75 81.04 83.21 99.22 94.84 64.86

HINDALCO 7.66 10.47 14.52 21.86 17.95 19.87 15.8 16.18 19.76 22.04

HUL 111.59 120.74 97.55 71.32 55.46 43.62 59.13 64.31 68.95 68.8

ICICI 1.13 0.98 1.12 1.09 1.3 1.48 1.31 1.13 0.67 0.82

IDEA 9.2 11.61 15.59 11.61 6.86 6.49 0 1.72 -1.83 -14.47

IDFC 10.39 10.63 10.48 9.62 9.05 9 10.59 11.29 12.58 9.81

INFOSYS 37.91 37.76 42.92 41.52 45.99 45.09 52.5 48.13 46.94 54.42

ITC 43.65 37.38 40.44 40.02 37.73 37.44 39.58 41.69 41.44 44.1

JSPL 17.56 25.27 25.72 21.15 22.43 32.51 26.17 22.74 17.23 19.54

JP ASSOC 11.05 11.43 11.86 12.66 13.19 16.49 17.72 27.47 8.12 0

L&T 23.85 26.89 31.82 30.92 24.16 22.12 16.77 11.5 10.78 9.8

M&M 30.06 14.83 21.47 32.25 26.33 27.16 20.06 11.34 7.28 8.38

.MUL 31.95 15.76 30.51 35.63 34.68 31.28 25.34 9.1 5.63 -5.44

NTPC 13.21 13.22 15.93 15.75 15.16 14.14 17.24 11.17 12.18 15.06

ONGC 25.38 27.3 31.82 33.17 35.68 36.61 31.1 46.77 29.84 27.91

PNB 1.44 1.39 1.15 1.03 1.09 1.17 1.08 0.98 0.77 0.73

POWERGRID 8.88 9.76 9.82 9.5 8.95 8.01 8.55 8.03 9.23 10.31

RANBAAXY 15.97 14.54 0 15 11.22 5.82 25.57 45.53 42.64 17.62

RELIANCE INFRA 7.21 8.79 9.56 8.66 9.38 8.21 10.13 6.97 11.07 12.56

REL CAP 8.6 12.96 14.48 14.26 16.86 9.07 9.97 10.43 11.77 10.24


RIL 13.64 11.89 13.21 18.66 20.12 18.76 19.31 15.47 14.29 18.91

REL POWER 0.91 1.44 1.27 NA NA NA NA NA NA NA

SIEMENS 39.97 48.86 41.1 58.92 54.61 52.72 41.96 45.05 38.18 31.27

SBI 0.88 1.04 1.01 0.84 0.89 0.99 0.94 0.86 0.73 0.5

SAIL 24.63 31.28 49.44 51.28 38.03 68.77 25.36 0 0 0

STERLITE 6.13 9 10.71 16.32 13.14 6.45 9.58 12.56 ' 10.78 9.38

SUN 17.39 27.37 27.01 19.3 16.31 16.37 31.71 40.89 36.82 33.33

SUZLON -0.49 7.16 23.5 30.58 43.52 46.36 29.82 18.07 60.1 90

TATA MOTOR 11.2 6.88 21.28 30.52 31.25 32.76 33.77 18.64 6.95 -0.16

TATA POWER 11.06 9.26 7.64 8.65 8.99 9.81 14.7 14.47 11.6 14.92

TATA STEEL 13.7 17.23 23.27 36.63 50.13 63.79 38.18 24.82 10.51 14.98

TCS 44.55 42 52.34 60.69 67.77 109.87 1.46 4.8 NA NA

UNITECH 9 16.14 23.4 54.16 20.56 16.7 10.87 10.1 4.2 9.24

WIPRO 28.45 22.72 28.7 39.72 41.01 41.15 30.98 31.45 42.53 58.52

ZEE 22.93 18.84 22 12.57 4.99 10.65 6.79 4.57 4.4 4.56

9. RONW C/o)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 2.62 15.71 29.46 35.21 32.88 27.36 23.78 19.86 21.04 16.09

ACC 17.94 29.36 26.71 35.12 41.57 22.08 25.65 16.48 6.67 13.77

AMBUJA 18.31 20.07 22.72 29.02 35.36 22.3 18.51 13.79 11.92 12.51

AXIS 19.15 19.13 17.61 21.04 18.37 18.88 27.09 25.07 29.28 31.84

AIRTEL 29.28 32.35 39.46 43.04 31.82 23.88 -0.27 -0.47 -1.47 -2.55

BHEL 29.88 26.47 29.23 30.02 25.2 16.84 15.58 11.45 14.28 12.58

BPCL 12.2 8.41 14.4 18.66 3.77 15.78 31.98 28.59 21.04 21.99

CAIRN 0 -0.03 0 0 NA NA NA NA NA NA

CIPLA , 21.11 19.21 20.12 25.69 34.55 25.7 26.51 25.55 29.51 28.01

DLF 6.07 13.09 43.19 62.93 44.21 19.29 11.79 9.67 13.54 12.26

GAIL 19.89 20.19 21.33 22.34 24.84 24.32 27.12 28.08 21.93 22.07

GRASIM 21.16 18.71 27.92 27.42 18.56 22.34 23.7 17.57 13.95 12.92

HCL 25.08 29.76 20.72 36.72 20.72 12.78 11.47 11.75 21.12 29.02

HDFC BANK 16.12 16.91 17.74 19.46 17.74 18.46 20.64 18.51 20.81 25.25

HDFC 21.74 19.95 18.2 22.59 31.35 30.11 28.49 26.46 24.02 22.86

HERO HONDA 61.43 37.77 35.48 38.3 55.46 61.58 65.11 75.09 70.41 45.82

HINDALC 0 7.41 10.83 19.17 23.28 19.17 18.31 12.86 12.08 15.31 16.58

HUL 94.84 114.14 82.61 61.46 64.05 56.61 61.14 52.82 59.35 57.09

ICICI 7.96 7.83 11.75 13.37 14.62 19.51 21.91 18.87 7.23 13.21

IDEA 8.95 9.87 21.81 14.37 5.32 1.8 0 -28.81 -62.13 -112.71

IDFC 15.76 12.82 16.05 17.06 16.95 16.95 15.94 11.91 13.09 10.16

INFOSYS 27.69 29.13 37.18 36.26 41.9 39.89 44.82 40.68 38.78 46.57

ITC 29.33 25.42 27.88 27.86 26.55 25.91 27.34 28.41 30.43 32.43

JSPL 24.34 33.63 39.89 32.58 36.3 47.45 42.76 34.24 22.41 24.88

JP ASSOC 13.53 16.87 17.79 17.62 20.76 18.12 17.03 16.68 0.86 0

L&T 21.58 23.96 28.47 27.11 21.27 22.7 16.99 12.67 9.54 6.88

M&M 31.96 18.1 24.05 33.2 28.03 27.47 21.03 9.57 6.64 5.95

MUL 23.58 12.08 22.67 25.38 24.19 21.42 18.59 4.47 3.91 -9.7

NTPC 14.57 14.91 14.65 14.68 14.93 14.85 13.03 11.99 13 15.32

ONGC 20.2 21.59 25.2 27 28.63 29.71 22.72 32.17 20.65 18.31

PNB 26.59 25.84 19.58 18.68 17.01 22.49 26.42 25.59 21.63 21.87

POW ERGRID 13.17 11.82 12.99 11.77 10.65 8.99 9.23 8.68 10.17 12.12

RANBAAXY 21.46 14.11 0 25.27 16.1 7.06 21.88 37.89 35.88 13.73

RELIANCE INFRA 7.42 10.19 11.02 10.17 10.23 9.41 10.61 6.19 10.75 13.14

REL CAP 4.93 15.09 18.33 14 19.51 7.46 7.73 7.86 6.09 5.79


RIL 14.78 13.37 15.69 21.64 22.45 21.9 21.82 17.39 15.58 17.63


SIEMENS 25.88 35.3 27.44 39.82 38.59 36.74 27.59 32.01 24.71 22.73

SBI .

14.8 17.05 16.75 15.41 17.04 19.43 19.67 19.15 16.95 14.68

SAIL 21.98 24.1 37.33 41.47 35.04 88.85 66.43 0 0 0

STERLITE 5.46 9.09 10.8 18.32 13.34 8.78 14.75 12.54 7.74 7.52

SUN 16.54 27.04 30.47 32.15 35.93 31.38 31.44 37.99 35.1 35.06

SUZLON -17.01 7.31 28.55 32.61 45.39 60.1 36.3 19.07 62.56 91.26

TATA MOTOR 11.32 5.34 23.91 30.98 31.36 32.12 26.2 11.86 -0.29 -14.28

TATA POWER 9.72 8.21 8.08 12.03 8.7 7.37 10.78 11.98 8.02 12.19

TATA STEEL 14.19 21.88 25.97 35.4 41.7 60.02 45.36 35.41 8.47 17.7

TCS 39.5 38.67 47.55 54.98 60.85 108.75 6.86 2.77

UNITECH 9.91 29.57 62.37 141.97 34.96 18.44 9.74 7.9 0.14 6.95

WIPRO 32.43 24.71 29.35 36.11 35.72 35.59 26.76 27.74 39.29 52.94

ZEE 21.65 13.85 14.53 9.55 3.75 7.76 3.87 2.38 2.41 3.66

10. ROE OM Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 2.62 15.71 29.46 35.21 32.88 27.36 23.78 19.86 21.04 16.09

ACC 17.94 29.36 26.71 35.12 41.57 22.08 25.65 16.48 6.67 13.77

AMBUJA 18.31 20.07 22.72 29.02 35.36 22.3 18.51 13.79 11.92 12.51

AXIS 19.15 19.13 17.61 21.04 18.37 18.88 27.09 25.07 29.28 31.84

AIRTEL 29.28 32.35 39.46 43.04 31.82 23.88 -0.27 -0.47 -1.47 -2.55

BHEL 29.88 26.47 29.23 30.02 25.2 16.84 15.58 11.45 14.28 12.58

BPCL 12.2 8.41 14.4 18.66 3.77 15.78 31.98 28.59 21.04 21.99

CAIRN 0 -0.04 0 0 NA NA NA NA NA NA

CIPLA 21.11 19.21 20.12 25.69 34.55 25.7 26.51 25.55 29.51 28.01

DLF 6.07 13.09 43.19 62.93 44.21 19.29 11.79 9.67 13.54 12.26

GAIL 19.89 20.19 21.33 22.34 24.84 24.32 27.12 28.08 21.93 22.07

GRASIM 21.16 18.71 27.92 27.42 18.56 22.34 23.7 17.57 13.95 12.92

HCL 25.08 29.76 20.72 36.72 20.72 12.78 11.47 11.75 21.12 29.02

HDFC BANK 16.12 16.91 17.74 19.46 17.74 18.46 20.64 18.51 20.81 25.25

HDFC 21.74 19.95 18.2 22.59 31.35 30.11 28.49 26.46 24.02 22.86

HERO HONDA 61.43 37.77 35.48 38.3 55.46 61.58 65.11 75.09 70.41 45.82

HINDALCO 7.41 10.83 19.17 23.28 19.17 18.31 12.86 12.08 15.31 16.58

HUL 94.84 114.14 82.61 61.46 64.05 56.61 61.14 52.82 59.35 57.09

ICICI 7.96 7.83 11.75 13.37 14.62 19.51 21.91 18.87 7.23 13.21

IDEA 8.95 9.87 21.81 14.37 5.32 1.8 0 -28.81 -62.13 -112.71

TDFC 15.76 12.82 16.05 17.06 16.95 16.95 15.94 11.91 13.09 10.16

INFOSYS 27.69 29.13 37.18 36.26 41.9 39.89 44.82 40.68 38.78 46.57

ITC 29.33 25.42 27.88 27.86 26.55 25.91 27.34 28.41 30.43 32.43

JSPL 24.34 33.63 39.89 32.58 36.3 47.45 42.76 34.24 22.41 24.88

JP ASSOC 13.53 16.87 17.79 17.62 20.76 18.12 17.03 16.68 0.86 0

L&T 21.58 23.96 28.47 27.11 21.27 22.7 16.99 12.67 9.54 6.88

M&M 31.96 18.1 24.05 33.2 28.03 27.47 21.03 9.57 6.64 5.95

MUL 23.58 12.08 22.67 25.38 24.19 21.42 18.59 4.47 3.91 -9.7

NTPC 14.57 14.91 14.65 14.68 14.93 14.85 13.03 11.99 13 15.32

ONGC 20.2 21.59 25.2 27 28.63 29.71 22.72 32.17 20.65 18.31

PNB 26.59 25.84 19.58 18.68 17.01 22.49 26.42 25.59 21.63 21.87

POWERGRID 13.17 11.82 12.99 11.77 10.65 8.99 9.23 8.68 10.17 12.12

RANBAAXY 21.46 14.11 0 25.27 16.1 7.06 21.88 37.89 35.88 13.73

RELIANCE INFRA 7.42 10.19 11.02 10.17 10.23 9.41 10.61 6.19 10.75 13.14

REL CAP 4.93 15.09 18.33 , 14 19.51 7.46 7.73 7.86 6.09 5.79


RIL 14.78 13.37 15.69 21.64 22.45 21.9 21.82 17.39 15.58 17.63


SIEMENS 25.88 35.3 27.44 39.82 38.59 36.74 27.59 32.01 24.71 22.73

SBI 14.8 17.05 16.75 15.41 17.04 19.43 19.67 19.15 16.95 14.68

SAIL 21.98 24.1 37.33 41.47 35.04 88.85 66.43 0 0 0

STERLITE 5.46 9.09 10.8 18.32 13.34 8.78 14.75 12.54 7.74 7.52

SUN 16.54 27.04 30.47 32.15 35.93 31.38 31.44 37.99 35.1 35.06

SUZLON -17.01 7.31 28.55 32.61 45.39 60.1 36.3 19.07 62.56 91.26

TATA MOTOR 11.32 5.34 23.91 30.98 31.36 32.12 26.2 11.86 -0.29 -14.28

TATA POWER 9.72 8.21 8.08 12.03 8.7 7.37. 10.78 11.98 8.02 12.19

TATA STEEL 14.19 21.88 25.97 35.4 41.7 60.02 45.36 35.41 8.47 17.7

TCS 39.5 38.67 47.55 54.98 60.85 108.75 6.86 2.77

UNITECH 9.91 29.57 62.37 141.97 34.96 18.44 9.74 7.9 0.14 6.95

WIPRO 32.43 24.71 29.35 36.11 35.72 35.59 26.76 27.74 39.29 52.94

ZEE 21.65 13.85 14.53 9.55 3.75 7.76 3.87 2.38 2.41 3.66

11. PBIDT / SALES (%)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 25.41 27.49 31.96 47.29 32.51 26.63 28.95 27.23 30.76 32.59

ACC 58.6 64.9 62.28 66.71 63.41 64.8 60.73 71.11 69.83 83.19

AMBUJA 41.77 39.74 41.81 40.7 36.23 36.7 0 0 0 0

AXIS 20.47 18.3 21.92 21.31 19.46 17.82 14.36 13.59 12.46 7.57

AIRTEL 3.51 • 2.92 3.59 3.91 1.67 3.28 6.18 5.61 5.31 4.43

BHEL -219.69 3,014.75 -3,681.10 0 NA NA NA NA NA NA

BPCL 28.06 22.01 23.78 26.11 26.69 24.97 22.7 22.28 24.14 24.42

CAIRN 78.95 96.38 64.91 87.11 50.58 29.54 12.5 18.59 21.95 57.89

C1PLA 20.53 19.86 24.25 21.41 26.58 28.02 29.13 28.44 24.98 23.22

DLF 37.37 23.43 31.43 27.64 20.96 23.98 24.54 17.13 15.48 17.72

GAIL 30.09 31.48 24.1 36.32 26.55 28.48 35.63 42.82 62.91 65.7

GRASIM 53.72 56.34 52.24 52.42 49.22 51.8 56.59 63.66 67.29 66.64

HCL 96.65 96.8 96.83 96.63 95.86 95.02 94.81 95.01 95.66 96.07

HDFC BANK 18.03 14.51 13.06 12.02 15.17 15.22 17.01 18.61 16.73 13.36

HDFC 15.71 18.78 18.78 21.82 23.34 24.65 26.51 24.61 45.63 46.3

HERO HONDA 16.54 14.9 16.95 17.88 14.77 15.97 21.29 21.36 18.02 15.91

HINDALCO 65.14 67.44 69.68 67.23 62.67 66.23 71.69 73.01 65.79 67.99

HUL 27.71 32.95 36.65 34.85 36.63 32.1 21.63 35.38 24.82 -12.7

ICICI 91.75 92.04 92.3 92.87 91.27 87.75 78.81 85.21 92.6 87.58

IDEA 37.67 39.4 36.57 36.2 35.15 34.85 36.41 35.75 37.23 42.43

IDFC 25.57 23.43 23.64 22.31 22.05 25.4 21.96 21.17 20.9 21.21

INFOSYS 34.88 31.98 35.92 37.29 36.46 37.4 39.16 32.18 38.51 36.71

ITC 37.97 34.95 32.99 28.83 35.71 25.47 24.25 22.3 17.7 10.04

JSPL 18.85 15.95 13.92 12.83 11.08 11.18 9.84 10.65 13.81 14.63

JP ASSOC 16.74 10.29 13.47 14.73 14.35 12.14 11.56 10.64 8.55 8.92

L&T 13.93 10.5 14.89 15.05 13.93 13.48 11.84 7.31 5.92 1.44

M&M 32.91 32.51 38.38 39.51 39.65 43.06 59.8 32.94 33.52 39.29

MUL 43.54 39.94 44.38 44.45 49.93 43.35 43.85 48.92 46.82 44.89

NTPC 67.16 68.4 66.17 57.43 55.35 55.07 53.51 59.05 63.55 64.09

ONGC 86.28 87.26 87.44 96.28 90.95 94.16 102.15 91.19 82.14 85.75

PNB 32.95 26.35 -29.86 22.71 14.47 8.3 18.51 27.49 25.91 17.53

POWERGRID 19.43 17.98 27.36 23.62 33.42 25.3 22.96 12.58 22.17 26.3

RANBAAXY 70.49 77.5 76.79 88.58 95.11 98.19 97.61 97.45 96.68 96.79

RELIANCE INFRA 23.93 51.6 35.95 36.95 NA NA NA NA NA NA

REL CAP 15.92 16.49 17.34 20.78 17.34 16.81 19.49 19.53 18.7 19.98

RCOM 0 0 0 NA NA NA NA NA NA NA

RIL 14.43 17.72 11.23 11.56 11.59 13.64 13.48 14.74 11.92 10.74

REL POWER 64.96 68.04 66.15 59.83 56.99 57.62 60.2 64.5 68 64.19

SIEMENS 27.04 22.47 28.17 27.78 22.58 34.8 19.5 11.49 6.64 13.27

SBI 9.91 13.93 10.48 9.94 11.99 7.4 14.17 21.05 17.01 12.01

SAIL 39.67 34.57 34.68 30.21 31.04 29.34 32.18 31.56 27.66 27.45

STERLITE -10.9 -0.09 22.32 24.06 26.48 24.65 23.26 24.86 25.22 26.19

SUN 13.32 9.47 11.11 11.16 12.11 11.51 12.38 11.16 7.62 4.27

SUZLON 30.19 24.33 24.15 22.62 26.06 33.27 31.9 31.12 34.18 28.77

TATA MOTOR 37.92 36.43 39.79 37.1 36.11 38.72 29.51 22.06 15.52 19.42

TATA POWER 29.72 24.84 29.88 30.23 29.69 28.02 0 0

TATA STEEL 55.85 91.27 63.03 61.62 22.71 13.24 8.49 12.34 10.57 15.78

TCS 27.72 19.8 22.89 25.75 25.67 26.77 23.84 26.61 31.48 27.81

UNITECH 49.84 38.72 48.75 31.53 15.86 43.05 46.38 1 43.51 49.12 48.78

WIPRO

ZEE

12. EPS

Name 2009-10 , 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 2.65 16.4 25.46 22.83 78.9 50.48 35.5 27.77 22.82 14.92

ACC 54.53 81.59 61.16 73.2 63.6 37.79 20.19 10.78 5.75 7.63

AMBUJA 7.83 7.59 8.84 11.03 6.32 3.27 17.75 13.4 12.02 11.91

AXIS 60.06 48.85 28.91 22.62 16.87 11.81 11.7 , 8.35 6.99 6.19

AIRTEL 24.65 40.45 32.9 21.27 10.62 6.53 0 0 0 0.04

BHEL 84.15 61.22 55.82 94.86 66.57 37.86 26.11 17.65 19.12 12.47

BPCL 40.52 19.48 43.46 47.4 9.3 30.46 54.24 40 28.33 26.99

CAIRN 0 0.23 0 0 NA NA NA NA NA NA

CIPLA 13.14 9.65 8.68 8.25 19.54 13.16 49.22 40.03 39.2 29.4

DLF 4.44 8.95 14.42 2.29 60.16 192.36 100.57 74.42 95.13 76.78

GAIL 23.5 20.91 29.06 26.76 25.91 22.01 21.08 18.87 14.02 12.91

GRASIM 224.49 175.26 239.03 163.68 91.36 94.34 83.21 38.82 33.05 40.41

HCL 14.9 13.69 10.19 15.37 17.5 8.18 9.71 10.31 13.96 14.88

HDFC BANK 62.43 51.08 43.42 34.55 27.04 20.84 17.44 13.36 10.56 8.42

HDFC 22.64 92.47 75.3 81.53 58.33 47.58 39.19 32.81 26.83 47.66

HERO HONDA 93.18 60.79 45.24 40.07 45.84 37.75 33.91 26.78 22.67 12.06

HINDALC 0 9.79 12.89 23.01 24.34 16.49 140.43 88.6 61.23 92.13 89.83

HUL 9 8.14 7.21 7.57 5.67 4.78 6.35 8.04 7.19 5.17

ICICI 34.63 32.4 36.03 32.88 27.35 25.99 25.43 18.73 11.52 7.96

IDEA 3.19 3.23 3.96 1.94 0.56 0.12 0 0 0

IDFC 7.62 5.53 4.97 3.94 3.21 2.9 2.46 1.67 1.87 1.33

INFOSYS 102.35 96.92 97.74 72.5 64.35 81.41 68.96 170.01 142.8 121.3

ITC 8.98 8.02 7.68 6.65 5.58 83.92 61.75 53.48 48.48 39.98

JSPL 15.84 99.32 79.64 225.36 183.92 165.38 97.84 95 76.33 71.6

JP ASSOC 7.89 7.45 5.04 18.37 29.38 11.45 9.44 6.17 0.07 0

L&T 70.83 57.71 71.73 47.65 70.58 71.94 40.77 16.45 13.95 12.01

M&M 35.58 30.6 44.54 43.1 35.26 44.02 28.89 11.84 8.85 10.35

MUL 85.43 41.57 59.03 53.29 40.65 29.25 18.56 4.88 78.99 0

NTPC 9.95 9.34 8.4 7.85 6.67 6.72 6.56 4.57 453.1 468.2

ONGC 72.96 69.96 72.65 68.4 94.89 85.61 57.69 72.18 43.47 35.55

PNB 120.17 94.63 62.77 47.26 44.81 43.98 41.28 31.3 26.5 21.59

POWERGR1D 4.6 3.8,1 3.24 3.09 269.62 240.18- 241.23 209.6 227.3 253.8

RANBAAXY 26.95 13.6 0 15.11 9.02 4.81 26.06 40.66 32.34 21.74

RELIANCE INFRA 46.62 49.27 44.97 34.16 29.92 27.4 20.43 11.21 20.24 22.34

REL CAP 12.69 38.22 40.73 25.66 23.62 7.85 7.91 7.66 7.87 7.01


RIL 60.79 48.59 95.24 131.97 84.28 63.7 53.3 36.31 28.62 30.78


SIEMENS 23.7 30.14 17.09 34.57 20.83 74.84 44.5 41.1 26.12 20.03

SBI 139.76 103.94 83.91 81.77 80.01 68.53 57.91 46.2 29.97 38.16

SAIL 15.8 14.5 17.62 14.54 9.44 16.06 6.08 0 0 0

STERLITE 9.18 16.86 12.75 13.48 44.84 9.25 27.08 45.86 21.3 21.78

SUN 41.1 58.75 47.16 31.57 24.06 15.94 24.99 24.18 36.3 27.33

SUZLON 0 0 8.29 36.12 27.8 40.85 58.58 52.83 90.05 137.8

TATA MOTOR 36.93 18.81 50.52 47.1 37.59 32.44 21.93 8.87 0 0

TATA POWER 27.95 40.21 38.19 33.59 29.66 26.8 25.72 26.27 25.68 19.69

TATA STEEL 54.97 66.75 61.06 69.95 61.51 60.91 46.02 26.48 5.51 14.46

TCS 25.26 45.53 43.69 36.66 53.63 36.6 4.01 0.28

UNITECH 2.2 4.53 6.31 12.03 53.93 23.43 10.88 8.25 5.24 6.7

WIPRO 32.49 19.62 19.94 18.61 13.47 20.55 35.59 34.84 37.26 28.6

ZEE 12.13 6.8 6.47 3.58 1.53 3.79 2.67 2.23 2.36 3.3

13. NPAT (Rs. Cr.)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 63.23 354.64 547.41 491.67 340.31 218.68 154.32 124.19 97.17 65.33

ACC 1,120.01 1,606.73 1,212.79 1,438.59 1,231.84 544.18 378.39 200.24 103.89 130.43

AMBUJA 1,263.61 1,218.37 1,402.27 1,769.10 1,503.25 468.29 336.79 222.09 186.52 186.35

AXIS 2,514.53 1,815.36 1,071.03 659.03 485.08 334.58 278.31 192.18 134.14 86.12

AIRTEL 9,426.15 7,743.84 6,244.19 4,033.23 2,012.08 1,210.67 0.37 0.22 0.13 0.39

BHEL 4,310.64 3,138.21 2,859.34 2,414.70 1,679.16 953.4 658.15 444.51 467.95 312.61

BPCL 1,537.62 735.9 1,580.56 1,805.47 291.65 965.8 1,694.57 1,250.03 849.83 832.66


CIPLA 1,081.49 776.81 701.43 668.03 607.64 409.61 306.69 247.74 235.11 179.07

DLF 765.06 1,547.77 2,574.59 408.31 227.43 67.7 35.48 26.3 33.39 27.09

GAIL 3,139.84 2,803.70 2,601.46 2,386.67 2,310.07 1,953.91 1,869.34 1,639.11 1,185.84 1,126.17

GRASIM 2,092.10 1,647.96 2,232.60 1,535.81 863.21 885.71 779.26 367.58 302.96 377.9

HCL 1,056.58 997.31 780.65 1,101.82 638.38 329.27 325.72 312.47 401.95 426.78

HDFC BANK 2,948.70 2,244.94 1,590.20 1,141.45 870.78 665.56 509.5 387.6 297.04 210.12

HDFC 3,534.96 2,826.49 2,282.54 2,436.25 1,570.38 1,257.30 1,036.58 851.78 690.29 580.01

HERO HONDA 2,231.83 1,281.76 967.88 857.89 971.34 810.47 728.32 580.76 462.93 246.87

HINDALC 0 1,915.63 2,230.27 2,860.94 2,564.33 1,655.55 1,329.36 838.93 582.14 686 678.08

HUL 2,202.03 2,496.45 1,925.47 1,855.37 1,408.10 1,197.34 1,771.79 1,769.74 1,641.31 1,310.09

ICICI 4,024.98 3,758.13 4,157.73 3,110.22 2,540.07 2,005.20 1,637.11 1,206.18 258.3 161.1

IDEA 1,053.66 1,001.21 1,044.36 502.06 125.6 26.05 -206.91 -159.81 -212.45 -241.86

IDFC 1,012.84 735.92 669.17 462.87 375.64 304.02 259.15 179.95 ' 186.63 140.44

INFOSYS 6,443.00 5,803.00 5,819.00 4,470.00 3,783.00 2,421.00 1,904.00 1,243.47 957.93 807.96

ITC 4,061.00 3,263.59 3,120.10 2,699.97 2,235.35 2,191.40 1,592.85 1,371.35 1,189.72 1,006.26

JSPL 1,479.68 1,536.48 1,236.96 702.99 572.94 515.71 305.46 145.08 107.55 101.25

JP ASSOC 1,708.36 897.01 609.67 414.9 639.99 207.63 169.74 112.17 4.31 -21.97

L&T 4,375.52 3,481.66 2,173.42 1,403.02 1,012.14 983.85 . 532.75 433.1 346.8 315.06

M&M .

2,087.75 867.51 1,103.37 1,068.39 857.1 512.67 348.54 145.54 102.69 120.56

MUL 2,497.60 1,218.70 1,730.80 1,562.00 1,189.10 853.6 542.1 146.4 104.5 -269.4

NTPC 8,728.20 8,201.30 7,414.80 6,864.70 5,820.20 5,807.00 5,260.80 3,607.50 3,539.62 3,733.80

ONGC 16,767.56 16,126.32 16,701.65 15,642.92 14,430.78 12,983.05 8,664.43 10,529.32 6,197.87 5,228.78

PNB 3,905.36 3,090.88 2,048.76 1,540.08 1,439.31 1,410.12 1,108.69 842.2 562.39 463.64

POWERGRID 2,040.94 1,690.61 1,448.47 1,229.37 1,008.93 785.52 748.2 642.59 688.62 742.49

RANBAAXY 1,148.73 571.98 -1,044.80 617.72 380.54 223.69 528.47 794.78 623.58 251.96

RELIANCE INFRA 1,151.69 1,138.88 1,084.63 801.45 650.34 520.29 367.08 162.33 280.74 321.37

REL CAP 339.42 968.02 1,025.45 646.18 537.61 105.81 105.79 102.63 101.22 93.45

RCOM 478.93 4,802.67 2,586.45 2,408.85 NA NA NA NA NA NA

RIL 20,286.30 16,235.67 15,309.32 19,458.29 11,943.40 9,069.34 7,571.68 5,160.14 4,104.31 3,242.70


SIEMENS 827.21 1,044.85 593.33 596.54 360.11 254.75 151.37 139.38 86.56 68.72

SBI 9,121.23 6,729.12 4,541.31 4,406.67 4,304.52 3,681.00 3,105.00 2,431.62 1,604.25 2,051.55

SAIL 6,754.37 6,170.40 7,536.78 6,202.29 4,012.97 6,816.97 2,512.08 -304.31 -1,706.89 -728.66

STERLITE 831.5 1,236.43 951.63 784.03 511.12 106.42 197.15 167.66 91.04 127.9

SUN 898.65 1,265.29 1,014.04 628.93 461.29 305.71 240.6' 231.41 171.28 135.18

SUZLON -1,414.09 -469.27 1,265.71 1,061.14 821.19 361.46 145.9 65.22 111.44 84.7

TATA MOTOR 2,240.08 1,001.26 2,028.92 1,913.46 1,528.88 1,236.95 810.34 300.11 -53.73 -500.34

TATA POWER 938.76 922.2 869.9 696.8 610.54 551.36 526.85 536.42 508.23 399.7

TATA STEEL 5,046.80 5,201.74 4,687.03 4,222.15 3,506.38 3,474.16 1,746.22 1,012.31 204.9 553.44

TCS 5,618.51 4,696.21 4,508.76 3,757.29 2,716.87 1,831.42 15.18 1.02

UNITECH 544.3 739.66 1,030.68 983.55 69.64 29.92 14.07 10.62 6.54 8.62

W1PRO 4,898.00 2,973.80 3,063.30 2,842.10 2,020.48 1,494.82 914.88 813.23 866.11 667.95

ZEE 558.84 309.74 295.12 166.21 69.08 162.27 115.31 94.74 97.26 138.49

14. OPAT (Rs. Cr.)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 49.92 327.53 420.27 421.77 253.52 191.53 107.39 98.84 84.27 81.88

ACC 1581.75 2046.58 1551.27 1828.26 1556.11 844.74 683.76 526.79 407.45 448.78

AMBUJA 1744.53 1642.88 1696.46 2080.39 1945.67 765.85 646.03 531.77 470.33 457.37

AXIS 2593.66 1866.94 1069.75 689.53 521.54 431.56 313.73 236.01 169.12 107.85

AIRTEL 13,929.94 12,702.59 9,850.29 6,744.92 3,884.05 2,892.03 25.60 35.05 12.45 32.84

BHEL 5,115.22 3,000.82 2,789.20 2,568.07 1,828.40 1,233.92 825.11 581.86 698.71 514.15

BPCL 3487.64 3735.67 3462.04 3269.02 1409.81 1848.58 2436.92 2025.98 1735.28 1753.96


CIPLA 1,290.04 995.83 871.70 797.26 712.89 499.32 370.19 297.05 272.59 197.35

DLF • 1,740.56 2,501.08 3,056.62 788.85 377.52 103.94 48.24 33.29 56.41 70.78

GAIL 3,835.29 3,456.85 3,253.07 3,088.10 3,031.33 3,062.30 2,779.11 2,497.08 2,174.59 1,909.94

GRASIM 2,667.28 2,502.10 2,702.49 1,963.73 1,231.23 1,276.04 1,213.20 775.13 796.41 868.58

HCL 1,427.00 1,245.41 985.61 1,280.99 783.87 402.23 388.23 356.99 438.76 449.83

HDFC BANK 3343.09 2604.85 1669.33 1264.47 1061.54 789.12 601.97 504.73 351.68 264.06

HDFC 2,843.19 2,292.00 2,432.85 1,567.84 1,267.99 1,040.47 863.16 703.72 605.76 -36.32

HERO HONDA 2,433.72 1,484.01 1,131.40 1,008.70 1,106.76 913.34 816.44 651.49 529.42 293.67

HINDALCO 2,952.89 3,332.94 3,816.96 3,304.42 2,513.38 1,966.91 1,479.63 1,048.87 947.93 883.87

HUL 2,399.06 2,674.62 2,144.78 1,996.46 1,560.70 1,489.66 1,965.81 1,889.58 1,750.84 1,454.18

ICICI 4924.92 3965.06 4022.72 3208.57 3029.18 2938.07 2169.67 1069.53 232.07 1454.18

IDEA 3,283.64 3,238.72 2,455.21 1,515.90 732.26 523.83 252.06 301.22 166.62 -40.81

IDFC 1,010.68 712.12 664.01 460.72 366.08 294.59 231.29 184.40 190.67 143.42

INFOSYS 6633 6512 4997 4230 2809 2171 1476.3 1135.04 961.56 347.17

ITC 4677.81 4182.77 3668.57 3227.1 2537.46 2585.57 1892.81 1577.06 1549.7 1247.57

JSPL 2438.73 2342.5 2011.12 1347.4 960.38 839.55 516.94 304.71 211.89 177.22

JP ASSOC 3546.23 1877.75 1263.44 878.18 1083.96 709.53 600.96 583.87 208.29 48.88

L&T 5393.46 4254.61 2562.93 1675.18 1276.28 1173.31 692.96 970.55 1103.41 1121.23

M&M 2625.05 1434.32 1454.27 1282.15 1041.07 713.46 616.82 466.08 332.51 373.38

MUL 3328 1964.4 2361.2 1960.7 1462.8 1273.1 1056.6 621.8 524.4 128.8

NTPC 13396.3 12562 11476.9 10922.2 9878 9517.7 10653.7 6128.3 5790.94 7151.2

ONGC 19118.03 18120.11 19007.08 17460.82 17594.5 13271.19 9925.91 11289.76 7778.36 6685.46

PNB 4015.58 3240.48 2187.49 1614.38 1798.68 1735.72 1290.14 971.18 647.69 538.27

POWERGRID 5728.84 4471.61 3827.48 3313.64 2769.87 2301.46 2295.03 1847.29 1777.45 2071.89

RANBAAXY 1843.01 1240.43 -1352.84 951.8 583.62 297.59 631.57 882.78 705.53 355.2

RELIANCE INFRA 1727.5 1659.7 1633.55 1318.98 1151.54 1025.74 777.51 471.55 560.57 573.52

REL CAP 1562.06 2169.97 1427.98 697.12 624.75 279.49 327.13 435.45 538.71 503.61

RCOM 3243.84 7771.86 5302.26 4701.79 10.96 NA NA NA NA NA

RIL 29929.41 24110.38 26282.68 18867.07 14051.29 13555.84 10631.88 9120.56 8879.94 5426.72

REL POWER 275.43 250.88 100.39 0.98 -0.13 -0.01 -0.01 0 0 0

SIEMENS 927.44 1117.39 605 652.95 397.16 289.68 178.79 162.47 119.75 107.49

SBI 8690.96 8829.27 7189.67 5123.87 5528.24 4826.11 4103.06 3611.95 2521.52 2006.17

SAIL 8575.34 7478.92 9179.14 7674.1 5442.66 10440.21 4590.12 2224.14 1037.27 2166.64

STERLITE 1268.74 1577.84 1274.76 1092.07 778.85 291.8 425.38 450.18 ' 281.3 360.34

SUN 966.47 1331.4 1078.83 688.88 532.39 361.25 312.65 257.13 195.96 159.04

SUZLON 5604.31 6580.32 6947.66 3701.58 2796.89 814.57 383.36 285.87 224.24 131.7

TATA MOTOR 5109.64 2684.2 3508.38 3045.48 2485.46 1956.05 1781.42 1162.08 661.02 338.52

TATA POWER 1933.04 1674.3 1347.51 1202.16 1026.69 1150.97 1127.85 1137.42 1226.49 850.78

TATA STEEL 8147.67 7589.51 6559 5240.18 4583.57 4311.2 2598.19 1898.51 1163.4 1458.08

TCS 5984.97 5166 5000.94 4092.93 2993.56 2014.8 16.6 1.72 NA NA

UNITECH 895.07 1472.31 1431.98 1182.07 110.66 53.44 25.25 25.48 20.5 24.11

WIPRO 5608.9 3698.2 3631.1 3201.8 2322.15 1686.66 1077.15 959.66 1024.44 772.78

ZEE 594.38 402.1 340.97 195.58 101.83 185.6 160.86 147.02 168.14 163.9

15. BOOK VALUE (per share)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 114.38 113.72 99.32 76.06 278.68 209.78 167.37 138.87 117.11 99.79

ACC 344.21 320.11 262.28 221.08 167.63 115.63 89.36 76.28 62.92 59.64

AMBUJA 47.91 42.47 37.26 30.62 23.01 16.11 112.69 104.09 103.4 103.66

AXIS 396 284.53 245.13 120.49 103.06 87.95 49.07 39.88 32.05 22.85

AIRTEL 96.73 145.62 106.63 60.19 38.71 24.44 26.03 26.03 26.03 152.67

BHEL 325.16 264.32 220.1 359.06 298.31 246.24 216.37 196.26 182.61 156.49

BPCL 361.97 335.46 322.97 284.16 302.6 212.95 194.99 158.25 133.25 135.98

CAIRN 168.11 168.46 164.64 165.62 NA NA NA NA NA NA

CIPLA 73.55 55.86 48.2 41.52 65.83 51.48 209.08 176.72 146.69 119.06

DLF 75.59 72.91 66.1 4.27 NA NA NA NA NA NA

GAIL 132.43 116.44 153.79 134.72 117.94 102.01 88.04 74.96 63.09 64.8

GRASIM 778.34 1,032.37 887.65 679.19 543.01 471.65 393.31 324.1 295.28 335.48

HCL 72.68 52.04 48.22 51.6 79.64 89.6 77.38 80.23 73 59.83

HDFC BANK 470.13 344.31 324.39 201.42 169.24 145.86 94.52 79.59 69.03 37.48

HDFC 118.05 529.33 461.85 420.64 219.42 179.05 155.87 137.62 124.54 222.07

HERO HONDA 173.51 190.32 149.54 123.69 100.62 74.78 57.03 43.12 34.34 31.51

HINDALCO 145.83 139.69 141 119.03 97.46 826.32 741.55 669.6 615.3 588

HUL 11.84 9.45 6.61 12.34 10.47 9.5 9.71 16.62 13.82 11.3

ICIC1 462.99 444.92 417.64 270.35 249.55 170.34 129.96 113.17 265.6 65.5

IDEA 34.59 36.37 13.44 8.4 3.03 2.48 2.36 2.9 2.65 1.45

IDFC 52.46 46.55 42.14 25.6 22.67 18.89 16.99 15.53 14.69 13.82

INFOSYS 426.85 383.9 311.35 235.84 195.14 249.89 194.15 488.21 431.86 314.34

ITC 36.69 36.24 31.85 27.59 23.97 315.63 256.35 214.29 177.23 141.44

JSPL 72.2 348.23 241.84 804.35 596.97 428.05 277.66 391.53 360.64 326.18

JP ASSOC 38.58 ' 52.27 33.22 116.95 99.77 69.53 60.49 52.61 5.86 6.34

L&T 303.28 212.31 325.95 202.67 335.57 256.98 220.45 141.88 133.01 159.32

M&M 137.96 192.34 181.27 148.59 123.99 176.45 151.72 133.98 128.26 185.74

MUL 409.52 323.35 291.19 237.16 188.67 151.52 124.26 107.2 2,046.33 1,997.35

NTPC 75.72 69.58 63.84 58.94 54.53 51.07 46.19 40.34 3,667.49 3,305.04

ONGC 408.07 368.11 330.16 289.51 378.42 328.53 284.33 250.64 208.44 212.57

PNB 514.78 416.74 341.98 321.65 287.79 248.93 176.81 139.59 135.6 109.43

POWERGRID 38.35 35.28 32.68 28.85 2,779.42 2,840.89 2,796.96 2,546.29 2,334.43 2,226.63

RANBAAXY 121.74 94.16 84.24 68.01 63.03 63.82 134.85 125.03 101.02 138.24

RELIANCE INFRA 569.24 460.82 431.11 374.19 327.54 267.3 241.81 178.42 175.17 164.33

REL CAP 282.7 276.5 244.77 209.67 182.32 112.48 109.49 104.54 99.81 158.78


RIL 446.25 392.51 727.78 542.83 439.67 324.11 270.43 227.22 198 235.34


SIEMENS 103.12 86.47 61.33 94.27 64.38 235.59 182.91 148.17 114.58 95.45

SBI 912.73 776.48 594.69 525.25 457.38 384.41 326.87 289.27 255.78 230.81

SAIL 80.66 68.15 55.84 41.92 30.51 24.95 12.2 6.11 6.85 10.98

STERLITE 264.97 198.16 185.82 79.82 366.97 324.09 197.56 349.3 253.88 299.61

SUN 276.07 248.72 203.15 126.58 78.8 59.51 91 73.14 114.52 92.54

SUZLON 35.9 43.23 46.41 128.63 97.27 93.71 157.44 234.9 184.26 216.26

TATA MOTOR 261.84 237.43 202.68 177.57 143.93 113.64 101.69 81.2 77.08 127.15

TATA POWER 443.08 382.06 352.27 291.77 267.76 248.36 245.02 229.85 206.13 188.15

TATA STEEL 416.51 338.04 298.7 240.22 176.19 127.51 122.32 86.54 , 93.65 129.04

TCS 76.73 136.38 111.43 82.35 114.64 69.17 12.92 10.11

UNITECI-I 32.41 17.61 13.21 14.3 179.78 139.24 120.65 110.77 104.51 102.42

WIPRO 120.51 85.42 79.05 63.86 45.03 69.54 150.7 143.2 108.95 80.7

ZEE 64.97 53.99 49.08 44.63 37.45 51.81 49.63 94.73 98.33 97.23

16. Market Value (per share)

Name 2909-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 830.00 426.70 1179.95 3549.70 2928.05 1163.85 797.15 286.25 265.35 238.55

ACC 951.05 574.40 826.15 735.25 782.20 360.55 254.65 138.50 153.40 129.95

AMBUJA 119.85 70.60 121.05 106.70 103.30 400.50 295.50 160.00 200.10 153.55

AXIS 1168.25 414.95 789.85 490.40 356.05 237.60 148.65 39.30 39.85 24.95

AIRTEL 312.55 625.75 826.25 763.9 412.75 207.4 155.8 28.2 38.55 44.35

BHEL 2390.65 1510.55 2061.35 2261.35 2241.95 766.4 604.35 223.15 169 142.65

BPCL 518.05 376.05 408.55 302.75 425.3 353.5 479.25 221.95 328.55 191.55

CAIRN 305.65 184.1 224.1 132.15 137.4 NA NA NA NA NA

CIPLA 338.35 220.05 220 236.8 662.25 255.8 1173.85 713.8 1017.3 998.1


GAIL 410.6 245.6 425.45 264.55 318.5 212.2 213.2 74.9 76.1 64.4

GRASIM 2814.85 1535 2575.3 2092.9 2062.45 1214.45 1068 330.4 287.25 250.95

HCL 358.4 102.05 253.25 291.4 654.2 372.5 247.7 151.05 258.3 369.7

HDFC BANK 1933.5 973.4 1331.25 954.15 774.25 544.85 378.75 234.55 236.6 228.35

HDFC 2717.2 1412.2 2379.75 1519.8 1336.8 729 643.25 331.35 684.45 546.4

HERO HONDA 1944.4 1071.15 694.55 688.75 890.45 548 490.6 188.2 338.55 141.65

HINDALCO 181.25 .52.05 165.10 130.30 182.70 1295.55 1220.40 534.60 772.10 771.40

HUL 239.55 237.5 228.8 205.2 272 131.95 154.4 148.35 225.15 219.25

ICICI 952.5 332.8 769.4 853.35 589.05 392.8 296.3 133.75 123.9 165.5

IDEA 65.50 50.10 102.65 94.60 85.70 NA NA NA NA NA

IDFC 160.95 54.1 151 83.7 66.6 69.5 NA NA NA NA

INFOSYS 2615.95 1323.90 1439.90 2018.65 2981.40 2257.20 4938.20 4052.85 3748.60 4083.75

ITC 263.05 184.85 206.25 151.15 195.15 1342.05 1043.10 628.25 696.70 814.00

JSPL 703.1 1205.55 2070 2377.45 1895.8 1041.6 507.9 322.8 148.2 186.95

JP ASSOC 149.55 84.1 226.55 539.2 469.15 196.95 112.65 NA NA NA

L&T 1630.85 671.4 3035.95 1620.1 2432.7 999.5 574.35 184.55 180.85 221.05

M&M 541.35 383.65 697.05 780.4 627.05 496.9 464.6 99.3 114.05 119.9

MUL 1417.95 779.85 827 820.2 874.3 421.3 497.45 164.3 NA NA

NTPC 207.25 179.85 196.60 150.25 134.10 85.30 75.55 NA NA NA

ONGC 1098.7 780.2 980.55 880.8 1311.35 885.3 840.7 355.5 274.65 132.7

PNB 1012.75 411.45 510.25 474.2 470.4 393.35 334.35 101.75 37.4 NA

POWERGRED 107.15 95.6 98.3 100.6 NA NA NA NA NA NA

RANBAAXY 475.4 165.7 438.45 351.9 432.35 1008.8 939.75 623.6 876.85 575.1

RELIANCE INFRA 999.05 515.55 1250.85 494.2 611.7 529.9 764 215.45 223.05 187.3

REL CAP 756.05 353.45 1228.8 668.3 519.1 178.5 131.6 48.6 52.65 62.55

RCOM 169.95 174.85 509.75 420.9 308.7 291.5 NA NA NA NA

RIL 1074.25 1524.75 2265.8 1370.3 795.35 546.05 538.05 278.1 300.3 389.55

REL POWER 149.45 102.35 318 372.3 NA NA NA NA NA NA

SIEMENS 740.15 268.1 616.4 1090.7 5674.8 1702.85 982.65 280.3 253.8 247.1

SBI 2078.2 1067.1 1600.25 994.45 968.5 654.8 605.85 270 219.95 201.05

SAIL 2078.2 1067.1 1600.25 994.45 968.5 654.8 605.85 270 219.95 201.05

STERLITE 2078.2 1067.1 1600.25 994.45 968.5 654.8 605.85 270 219.95 201.05

SUN 1792 1111.45 1229.35 1056.45 859.55 466.5 651.5 271.4 667.75 543.45

. SUZLON 71.85 42.35 263.8 1001.5 1302.2 692.85 NA NA NA NA

TATA MOTOR 757.7 180.3 622.7 728.2 931.85 411.2 485.85 155.65 126 65.3

TATA POWER 1373.65 768.6 1171.5 509.3 582.4 358.6 377.15 113.15 113.25 99.75

TATA STEEL 1373.65 768.6 1171.5 509.3 582.4 358.6 377.15 113.15 113.25 99.75

TCS 780.65 538.55 810.45 1233.85 1915.5 1432.05 987.95 NA NA NA

UNITECH 73.6 34.9 276.2 387.45 2790.55 335.3 84.65 42.2 52.05 33.75

WIPRO 706.95 245.9 432.1 559.4 559.7 670.95 1361.2 1233.45 1700.6 1338.4

ZEE 706.95 245.9 432.1 559.4 559.7 670.95 1361.2 1233.45 1700.6 1338.4

17. MVA (per share)

Name 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01

ABB 715.62 312.98 1080.63 3473.64 2649.37 954.07 629.78 147.38 148.24 138.76

ACC 606.84 254.29 563.87 514.17 614.57 244.92 165.29 62.22 90.48 70.31

AMBUJA 71.94 28.13 83.79 76.08 80.29 384.39 182.81 55.91 96.70 49.89

AXIS 772.25 130.42 544.72 369.91 252.99 149.65 99.58 -0.58 7.80 2.10

AIRTEL 215.82 480.13 719.62 703.71 374.04 182.96 129.77 2.17 12.52 -108.32

BHEL 2065.49 1246.23 1841.25 1902.29 1943.64 520.16 387.98 26.89 -13.61 -13.84

BPCL 156.08 40.59 85.58 18.59 122.70 140.55 284.26 63.70 195.30 55.57

CAIRN 137.54 15.64 59.46 -33.47 NA NA NA NA NA NA

CIPLA 264.80 164.19 171.80 195.28 596.42 204.32 964.77 537.08 870.61 879.04


GAIL 278.17 129.16 271.66 129.83 200.56 110.19 125.16 -0.06 13.01 -0.40

GRASIM 2036.51 502.63 1687.65 1413.71 1519.44 742.80 674.69 6.30 -8.03 -84.53

HCL 285.72 50.01 205.03 239.80 574.56 282.90 170.32 70.82 185.30 309.87

HDFC BANK 1463.37 629.09 1006.86 752.73 605.01 398.99 284.23 154.96 167.57 190.87

HDFC 2599.15 882.87 1917.90 1099.16 1117.38 549.95 487.38 193.73 559.91 324.33

HERO HONDA 1770.89 880.83 545.01 565.06 789.83 473.22 433.57 145.08 304.21 110.14

HINDALCO 35.42 -87.64 24.10 11.27 85.24 469.23 478.85 -135.00 156.80 183.40

HUL 227.71 228.05 222.19 192.86 261.53 122.45 144.69 131.73 211.33 207.95

ICICI 489.51 -112.12 351.76 583.00 339.50 222.46 166.34 20.58 -141.70 100.00

IDEA 30.91 13.73 89.21 86.20 82.67 NA NA NA NA NA

IDFC 108.49 7.55 108.86 58.10 43.93 50.61 NA NA NA NA

INFOSYS 2189.10 940.00 1128.55 1782.81 2786.26 2007.31 4744.05 3564.64 3316.74 3769.41

ITC 226.36 148.61 174.40 123.56 171.18 1026.42 786.75 413.96 519.47 672.56

JSPL 630.90 857.32 1828.16 1573.10 1298.83 613.55 230.24 -68.73 -212.44 -139.23

JP ASSOC 110.97 31.83 193.33 422.25 369.38 127.42 52.16 NA NA NA

L&T 1327.57 459.09 2710.00 1417.43 2097.13 742.52 353.90 42.67 47.84 61.73

M&M 403.39 191.31 515.78 631.81 503.06 320.45 312.88 -34.68 -14.21 -65.84

MUL 1008.43 456.50 535.81 583.04 685.63 269.78 373.19 57.10 NA NA

NTPC 131.53 110.27 132.76 91.31 79.57 34.23 29.36 NA NA NA

ONGC 690.63 412.09 650.39 591.29 932.93 556.77 556.37 104.86 66.21 -79.87

PNB 497.97 -5.29 168.27 152.55 182.61 144.42 157.54 -37.84 -98.20 NA

POWERGRID 68.80 60.32 65.62 71.75 NA NA NA NA NA NA

RANBAAXY 353.66 71.54 354.21 283.89 369.32 944.98 804.90 498.57 775.83 436.86

RELIANCE INFRA 429.81 54.73 819.74 120.01 284.16 262.60 522.19 37.03 . 47.88 22.97

REL CAP 473.35 76.95 984.03 458.63 336.78 66.02 22.11 -55.94 -47.16 -96.23

RCOM -74.71 -75.59 389.40 320.51 NA NA NA NA NA NA

RIL 628.00 1132.24 1538.02 827.47 355.68 221.94 , 267.62 50.88 102.30 154.21


SIEMENS 637.03 181.63 555.07 996.43 5610.42 1467.26 799.74 132.13 139.22 151.65

SBI 1165.47 290.62 1005.56 469.20 511.12 270.39 278.98 -19.27 -35.83 -29.76

SAIL 1997.54 998.95 1544.41 952.53 937.99 629.85 593.65 263.89 213.10 190.07

STERLITE 1813.23 868.94 1414.43 914.63 601.53 330.71 408.29 -79.30 -33.93 -98.56

SUN 1515.93 862.73 1026.20 929.87 780.75 406.99 560.50 198.26 553.23 450.91

SUZLON 35.95 -0.88 217.39 872.87 1204.93 599.14 NA NA NA NA

TATA MOTOR 495.86 -57.13 420.02 550.63 787.92 297.56 384.16 74.45 48.92 -61.85

TATA POWER 930.57 386.54 819.23 217.53 314.64 110.24 132.13 -116.70 -92.88 -88.40

TATA STEEL 957.14 430.56 872.80 269.08 406.21 231.09 254.83 26.61 19.60 -29.29

TCS 703.92 402.17 699.02 1151.50 1800.86 1362.88 975.03 NA NA NA

UNITECH 41.19 17.29 262.99 373.15 2610.77 196.06 -36.00 -68.57 -52.46 -68.67

WIPRO 586.44 160.48 353.05 495.54 514.67 601.41 1210.50 1090.25 1591.65 1257.70

ZEE 641.98 191.91 383.02 514.77 522.25 619.14 1311.57 1138.72 1602.27 1241.17

IDEA 6082.45 -11520.47 2523.51 5164.28 19364.17 NA NA NA NA NA

LDFC 13925.85 -12536.47 10119.90 1948.52 525.52 6950.00 NA NA NA NA

INFO SY S 74428.45 -6635.20 -33104.50 33180.14 21342.24 28036.24 6062.09 2037.84 -2209.86 -27580.78

ITC 30667.97 -7957.59 20861.72 -16417.08 39807.97 7639.25 10285.69 -1694.21 -2732.35 417.20

JSPL 46822.81 -13228.14 24555.45 1483.48 2630.94 1643.80 1092.08 281.08 -46.44 -57.89

JP ASSOC 19985.00 -14751.19 14718.91 1731.88 6618.89 1485.53 1985.12 NA NA NA

L&T 58885.89 -49432.10 42866.67 12464.03 20441.79 5838.59 2555.71 92.19 -999.39 -2038.39

M&M 20175.93 -6205.31 -1911.49 3940.51 9087.46 158.06 4237.85 -171.11 -1.56 -1909.09

MUL 18441.09 -1362.64 196.52 -1563.49 13091.70 -2200.74 9628.04 4748.27 NA NA

NTPC 22592.67 -13811.21 38217.89 13316.48 40238.04 11310.68 59023.44 NA NA NA

ONGC 68123.65 -42852.66 21335.43 1404.10 60751.75 6359.65 69186.12 11528.64 20241.08 -149.72

PNB 1449068.86 '48491.93 163565.79 93251.64 122064.92 95946.06 221878.00 35911.68 15083.38

POWERGRID 4861.21 -1136.39 3271.55 38101.34 NA NA NA NA NA NA

RANBAAXY 13049.88 -11465.20 5302.88 -2984.13 -21458.93 20102.73 5898.74 -4690.91 9595.77 -1639.41

RELIANCE INFRA 12813.69 -17817.49 18176.60 -1694.13 3154.59 -3554.39 10420.32 -104.75 492.74 -458.97

REL CAP 9910.40 -21547.62 13797.27 4854.18 9314.75 597.86 1062.83 -51.77 -126.55 -1190.74

RCOM -505.68 -34562.01 9577.68 43027.48 1.25 NA NA NA NA NA

RLL -147007.89 126428.57 173063.06 83565.84 39518.14 1118.84 36133.84 -3098.11 -12455.86 8507.71

REL POWER 11288.93 -47335.16 64418.92 7447.49 NA NA NA NA NA NA

SIEMENS 15915.17 -11742.93 2392.72 -77287.93 90033.88 2386.74 2327.59 87.82 10.10 -172.35

SBI 64217.66 -33848.63 38800.14 11824.38 16510.03 2576.24 17675.79 2634.13 994.71 -644.72

SAIL 417624.74 -220212.28 250219.63 10718.39 129570.65 20218.31 138719.48 20672.65 7806.46 -5059.74

STERLITE 99047.89 -37773.68 57817.79 44737.90 3624.46 2845.14 3382.59 -1132.44 978.01 -1260.85

SUN 14095.55 -2441.94 5030.55 4466.46 7310.77 2611.19 4780.76 -1860.51 582.44 -172.06

SUZLON 4839.95 -33144.24 10670.38 -8622.99 31419.90 6022.25 NA NA NA NA

TATA MOTOR 33966.04 -14739.25 -4057.98 -7612.18 20800.94 -2273.70 12172.35 948.42 2358.57 -1980.82

TATA POWER 15580.96 -8837.47 15777.28 -1446.80 4429.45 -367.14 5225.20 -1.98 267.18 607.58

TATA STEEL 65730.56 -29442.36 56037.35 -2672.22 12391.13 5930.98 9760.04 -3.68 496.76 1129.67

TCS 100086.32 -26608.13 -41433.92 27019.15 24972.69 65152.63 3600.09 NA NA NA

UNITECH 12283.90 -39172.64 13388.99 27963.92 3066.61 313.06 53.02 -12.30 22.86 -8.93

WlPRO 67755.91 -38793.77 -6798.35 1817.23 32594.54 15522.76 2998.05 -10846.57 8419.34 -88484.42

ZEE 23897.80 -8063.80 -5519.73 1167.96 -4582.35 -28465.91 5268.41 -19265.27 14937.13 -156984.18

Source: Table 3 to 16 Capitaline database, Table 17 NSE Official website

APPENDIX - B : CALCULATION OF EVA

ABB

Particulars Dec 10 Dec 09 Dec 08 Dec 07 Dec 06 Dec 05 Dec 04 Dec 03 Dec 02 Dec 01

(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 91.42 504.19 715.10 687.66 428.32 317.13 194.79 151.24 124.77 101.88 Tax 41.50 180.53 285.82 256.39 167.10 120.40 87.40 52.40 40.50 20.00 Fringe Benefit Tax 0.00 -3.87 9.01 9.50 7.70 5.20 0.00 0.00 0.00 0.00 Operating Profit After Tax 49.92 327.53 420.27 421.77 253.52 191.53 107.39 98.84 84.27 81.88 WACC 1424.10 -763.02 559.87 160.13 413.57 81.58 262.63 -11.20 15.18 -68.69 EVA -1374.18 1090.55 -139.60 261.64 -160.05 109.95 -155.24 110.04 69.09 150.57

ACC

Particulars Dec 10

(12) Dec 09

(12) Dec 08

(12) Dec 07

(12) Dec 06

(12) Dec 05

(9) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Operating Profit 1910.91 2720.78 2070.74 2309.23 1948.94 914.68 729.26 542.88 417.03 462.18

Tax 329.16 673.30 510.47 472.75 386.98 63.94 45.50 16.09 9.58 13.40

Fringe Benefit tax 0.00 0.90 9.00 8.22 5.85 6.00 0.00 0.00 0.00 0.00

NOPAT 1581.75 2046.58 1551.27 1828.26 1556.11 844.74 683.76 526.79 407.45 448.78

WACC 3483.37 -1267.44 1148.75 392.83 1260.80 163.84 866.95 -16.16 71.16 -32.01

EVA -1901.62 3314.02 402.52 1435.43 295.31 680.90 -183.19 542.95 336.29 480.79

ANIBUJA

Particulars Dec 10

(12) Dec 09

(12) Dec 08

(12) Dec 07

(12) Dec 06

(18) Jun 05

(12) Jun 04

(12) Jun 03

(12) Jun 02

(12) Jun 01

(12)

Operating Profit 2097.75 2122.72 2261.66 3024.54 2280.95 805.72 666.33 551.52 486.83 471.62

Tax 353.49 479.00 560.00 939.00 330.00 39.12 20.30 19.75 16.50 14.25

Fringe Benefit tax -0.27 0.84 5.20 5.15 5.28 0.75 0.00 0.00 0.00 0.00

NOPAT 1744.53 1642.88 1696.46 2080.39 1945.67 765.85 646.03 531.77 470.33 457.37

WACC 7215.48 7050.72 4292.63 2749.82 2444.56 450.91 1186.82 35.15 127.42 -280.99

EVA -5470.95 -5407.84 -2596.17 -669.43 -498.89 314.94 -540.79 496.62 342.91 738.36

AXIS BANK

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

.02)


Provision for Tax 1492.02 1095.52 725.59 412.60 296.11 153.72 177.57 114.10 80.88 18.33


NOPAT 2593.66 1866.94 1069.75 689.53 521.54 431.56 313.73 236.01 169.12 107.85

WACC 16012.56 -8467.08 2768.83 876.58 1414.01 381.47 1328.16 -121.67 -8.38 -184.91

EVA -13418.90 10334.02 -1699.08 -187.05 -892.47 50.09 -1014.43 357.68 177.50 292.76

AIRTEL

Particulars Mar 10 Mar 09 Mar 08 Mar 07 Mar 06 Mar 05 Mar 04 Mar 03 Mar 02 Mar 01

(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 14872.67 13516.19 10746.88 7265.45 4069.62 2900.64 25.48 35.10 12.46 33.04

Tax 942.73 777.73 859.36 495.03 166.52 8.61 -0.12 0.05 0.01 0.20 Fringe Benefit tax 0.00 35.87 37.23 25.50 19.05 0.00 0.00 0.00 0.00 0.00 Operating Profit After Tax 13929.94 12702.59 9850.29 6744.92 3884.05 2892.03 25.60 35.05 12.45 32.84 Less: WACC 22251.17 -7414.11 3916.86 839.86 2888.43 398.92 2454.22 -342.38 -153.27 158.30

EVA -8321.23 20116.70 5933.43 5905.06 995.62 2493.11 -2428.62 377.43 165.72 -125.46

BHEL



Tax 1971.42 2172.28 1946.65 1435.24 1022.57 647.93 447.68 460.65 230.30 -18.51


OPAT 5115.22 3000.82 2789.20 2568.07 1828.40 1233.92 825.11 581.86 698.71 514.15

WACC 10551.20 -4748.98 3479.55 895.87 2830.67 741.65 4032.10 -318.71 -35.44 -815.09

EVA -5435.98 7749.80 -690.35 1672.20 -1002.27 492.27 -3206.99 900.57 734.15 1329.24

BPCL


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 4617.82 4244.61 4367.07 4203.79 1422.18 2091.99 3301.43 2721.33 2114.92 2034.05 Tax 1130.18 495.69 889.73 923.04 -1.01 243.41 864.51 695.35 379.64 280.09 Fringe Benefit tax 0.00 13.25 15.30 11.73 13.38 0.00 0.00 0.00 0.00 0.00 NOPAT 3487.64 3735.67 3462.04 3269.02 1409.81 1848.58 2436.92 2025.98 1735.28 1753.96 WACC 2314.34 696.90 1587.99 724.56 1686.05 476.60 3028.24 -317.29 148.61 2.06 EVA 1173.30 3038.77 1874.05 2544.46 -276.24 1371.98 -591.32 2343.27 1586.67 1751.90

CAIRNS INDIA

Particulars Mar 10(12) Mar 09(15) Dec 07(12) Dec 06(5) Operating Profit -7.03 112.45 -46.75 -29.05 Tax 4.40 54.38 0.00 0.00 Fringe Benefit tax -8.81 3.45 32.05 0.00 OPAT -2.62 54.62 -78.80 -29.05 WACC 44.32 -0.12 0.01 0.02 EVA -46.94 54.74 -78.81 -29.07

CIPLA


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 1518.54 1105.33 972.13 922.51 806.09 581.32 448.19 .345.34 334.59 255.85 Tax 228.50 101.00 94.00 121.75 89.00 82.00 78.00 48.29 62.00 58.50 Fringe Benefit tax 0.00 8.50 6.43 3.50 4.20 0.00 0.00 0.00 0.00 0.00 NOPAT 1290.04 995.83 871.70 797.26 712.89 499.32 370.19 297.05 272.59 197.35 WACC 2281.29 -526.28 645.18 292.69 775.05 151.55 452.56 -8.33 22.01 -90.78 EVA -991.25 1522.11 226.52 504.57 -62.16 347.77 -82.37 305.38 250.58 288.13

DLF


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 1910.00 2732.70 3591.25 987.42 497.95 133.35 60.24 45.54 61.46 75.03 Tax 169.44 226.00 529.81 193.86 120.00 29.41 12.00 12.25 5.05 4.25 Fringe Benefit tax 0.00 5.62 4.82 4.71 0.43 0.00 0.00 0.00 0.00 0.00 NOPAT 1740.56 2501.08 3056.62 788.85 377.52 103.94 48.24 33.29 56.41 70.78 WACC 7691.31 -3805.08 2575.68 361.05 170.65 48.54 19.56 25.84 32.95 31.06 EVA -5950.75 6306.16 480.94 427.80 206.87 55.40 28.68 7.45 23.46 39.72

GAIL

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)


Tax 1374.00 1385.35 1244.88 448.38 916.61 889.83 837.25 850.17 466.70 426.04


NOPAT 3835.29 3456.85 3253.07 3088.10 3031.33 3062.30 2779.11 2497.08 2174.59 1909.94

WACC 7521.43 -3700.18 3516.68 967.20 5076.19 1190.85 6361.64 -25.72 123.08 423.08

EVA -3686.14 7157.03 -263.61 2120.90 -2044.86 1871.45 -3582.53 2522.80 2051.51 1486.86

GRASIM

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)


Tax 640.68 329.40 940.26 682.15 369.82 451.00 291.00 152.00 -11.61 50.00


NOPAT 2667.28 2502.10 2702.49 1963.73 1231.23 1276.04 1213.20 775.13 796.41 868.58

WACC . 9081.01 -3280.75 3086.82 1076.22 4239.26 763.38 4577.50 -126.15 67.33 -1100.65

EVA -6413.73 5782.85 -384.33 887.51 -3008.03 512.66 -3364.30 901.28 729.08 1969.23

HCL


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 1528.21 1471.68 1112.19 1368.87 805.37 412.09 401.87 373.25 455.07 476.03 Tax 104.98 208.40 107.68 76.03 10.67 8.70 13.64 16.26 16.31 26.20 Fringe Benefit tax -3.77 17.87 18.90 11.85 10.83 1.16 0.00 0.00 0.00 0.00 NOPAT 1427.00 1245.41 985.61 1280.99 783.87 402.23 388.23 356.99 438.76 449.83 WACC 2282.64 -728.98 828.39 353.52 1744.73 302.54 2320.99 -775.07 -243.85 -917.79 EVA -855.64 1974.39 157.22 927.47 -960.86 99.69 -1932.76 1132.06 682.61 1367.62

HDFC BANK

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Operating Profit 4683.53 3659.16 2552.36 1858.35 1432.10 1123.01 844.68 676.99 494.40 369.00 Tax 1340.44 1054.31 866.25 581.88 359.56 333.89 242.71 172.26 142.72 104.94 Fringe Benefit tax 0.00 0.00 16.78 12.00 11.00 0.00 0.00 0.00 0.00 0.00 NOPAT 3343.09 2604.85 1669.33 1264.47 1061.54 789.12 601.97 504.73 351.68 264.06 WACC 12092.44 -5403.80 3198.20 582.27 2399.83 536.52 1001.10 18.04 55.72 -154.58 EVA -8749.35 8008.65 -1528.87 682.20 -1338.29 252.60 -399.13 486.69 295.96 418.64

HDFC


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 3934.19 3236.50 3390.10 1985.24 1575.99 1275.47 1050.56 876.73 722.76 601.33 Tax 1091.00 942.00 955.00 415.00 306.00 235.00 187.40 173.01 117.00 555.65 Fringe Benefit tax 0.00 2.50 2.25 2.40 2.00 0.00 0.00 0.00 0.00 82.00 NOPAT 2843.19 2292.00 2432.85 1567.84 1267.99 1040.47 863.16 703.72 605.76 -36.32 WACC 12604.70 -6133.72 3320.17 538.56 2412.76 393.09 1155.76 34.08 138.55 57.43 EVA -9761.51 8425.72 -887.32 1029.28 -1144.77 647.38 -292.60 669.64 467.21 -93.75

HERO HONDA


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 3025.30 1964.65 1572.60 1387.49 1529.78 1308.56 1147.51 949.68 746.90 423.75 Tax 591.58 475.65 436.81 375.81 415.85 395.22 331.07 298.19 217.48 130.08 Fringe Benefit tax 0.00 4.99 4.39 2.98 7.17 0.00 0.00 0.00 0.00 0.00 NOPAT 2433.72 1484.01 1131.40 1008.70 1106.76 913.34 816.44 651.49 529.42 293.67 WACC 1997.92 -314.70 494.92 208.97 939.42 136.07 738.19 -75.04 7.61 -39.67 EVA 435.80 1798.71 636.48 799.73 167.34 777.27 78.25 726.53 521.81 333.34

HINDALCO


(12) (12) (12) (12) (12) (12) (12) (12)' (12) (12) Operating Profit 3213.92 3671.59 3894.05 4299.82 2847.55 2537.41 1740.27 1300.87 1204.93 1185.87

Tax 261.03 327.28 65.69 984.10 324.11 570.50 260.64 252.00 257.00 302.00


NOPAT 2952.89 3332.94 3816.96 3304.42 2513.38 1966.91 1479.63 1048.87 947.93 883.87

WACC 20739.00 -7668.50 4230.06 918.12 4706.66 561.44 3101.90 61.42 166.89 -293.04

EVA -17786.11 11001.44 -413.10 2386.30 -2193.28 1405.47 -1622.27 987.45 781.04 1176.91

HUL



Tax 611.46 509.46 306.88 296.94 176.68 246.22 393.71 444.89 367.95 355.00


NOPAT 2399.06 2674.62 2144.78 1996.46 1560.70 1489.66 1965.81 1889.58 1750.84 1454.18

WACC 806.52 -199.82 279.35 266.26 1321.07 173.10 748.82 -486.51 47.12 -466.07

EVA 1592.54 2874.44 1865.43 1730.20 239.63 1316.56 1216.99 2376.09 1703.72 1920.25

ICICI


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 5961.82 5792.57 5631.45 4189.82 3717.40 3114.56 2439.26 1284.08 353.40 1809.18 Tax 1036.90 1793.31 1569.53 944.32 661.87 176.49 269.59 214.55 121.33 355.00 Fringe Benefit tax 0.00 34.20 39.20 36.93 26.35 0.00 0.00 0.00 0.00 0.00 NOPAT 4924.92 3965.06 4022.72 3208.57 3029.18 2938.07 2169.67 1069.53 232.07 1454.18 WACC 51826.15 -31305.04 14185.48 2399.94 16283.41 1444.59 5492.93 -590.00 -86.71 -1609.28 EVA -46901.23 35270.10 -10162.76 808.63 -13254.23 1493.48 -3323.26 1659.53 318.78 3063.46

IDEA


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 3283.64 3248.02 2462.58 1521.84 735.16 523.83 252.06 301.22 166.62 -40.81 Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Fringe Benefit tax 0.00 9.30 7.37 5.94 2.90 0.00 0.00 0.00 0.00 0.00 NOPAT 3283.64 3238.72 2455.21 1515.90 732.26 523.83 252.06 301.22 166.62 -40.81 WACC 5866.27 -2346.33 650.51 297.94 204.61 202.49 193.18 151.49 144.97 143.88 EVA -2582.63 5585.05 1804.70 1217.96 527.65 321.34 58.88 149.73 21.65 -184.69

IDFC

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Operating Profit 1349.98 985.12 877.76 575.61 422.73 326.59 276.09 204.85 205.47 159.30 Tax 339.30 272.00 204.00 114.00 56.00 32.00 44.80 20.45 14.80 15.88 Fringe Benefit tax 0.00 1.00 9.75 0.89 0.65 0.00 0.00 0.00 0.00 0.00 NOPAT 1010.68 712.12 664.01 460.72 366.08 294.59 231.29 184.40 190.67 143.42 WACC 6758.91 -3286.53 2062.90 300.04 1493.24 191.21 578.64 17.38 75.30 33.47 EVA -5748.23 3998.65 -1398.89 160.68 -1127.16 103.38 -347.35 167.02 115.37 109.95

INFOSYS


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 8329.00 7410.00 5664.00 4622.00 3146.00 2498.00 1702.12 1348.63 1104.75 386.87 Tax 1696.00 898.00 650.00 375.00 325.00 327.00 225.82 213.59 143.19 39.70 Fringe Benefit tax 0.00 0.00 17.00 17.00 12.00 0.00 0.00 0.00 0.00 0.00 NOPAT 6633.00 6512.00 4997.00 4230.00 2809.00 2171.00 1476.30 1135.04 961.56 347.17 WACC 11023.58 -4136.24 2918.51 1076.26 4655.18 555.31 3191.59 -713.38 -206.57 -733.65 EVA -4390.58 10648.24 2078.49 3153.74 -1846.18 1615.69 -1715.29 1848.42 1168.13 1080.82

ITC

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Operating Profit 6714.30 5422.80 5048.02 4305.66 3577.61 3391.07 2594.86 2333.78 2056.42 1841.61 Tax 2036.87 1215.31 1355.48 1062.48 1020.12 805.50 702.05 756.72 506.72 594.04 Fringe Benefit tax -0.38 24.72 23.97 16.08 20.03 0.00 0.00 0.00 0.00 0.00 NOPAT 4677.81 4182.77 3668.57 3227.10 2537.46 2585.57 1892.81 1577.06 1549.70 1247.57 WACC 6326.70 -1970.36 2752.77 1014.90 5039.33 745.85 2901.65 -403.47 100.42 -467.81 EVA -1648.89 6153.13 915.80 2212.20 -2501.87 1839.72 -1008.84 1980.53 1449.28 1715.38

JINDAL STEEL & POWER

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)


Tax 312.48 355.93 181.70 104.99 87.72 76.18 27.40 14.90 9.74 10.17


NOPAT 2438.73 2342.50 2011.12 1347.40 960.38 839.55 516.94 304.71 211.89 177.22

WACC 2597.73 -1166.18 952.50 209.74 468.01 122.94 394.24 -10.61 30.71 -31.92 EVA -159.00 3508.68 1058.62 1137.66 492.37 716.61 122.70 315.32 181.18 209.14

JP ASSOCIATES

Particulars Mar 10 Mar 09 Mar 08 Mar 07 Mar 06 Mar 05 Mar 04 Mar 03 . Mar 02 Mar 01

(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 3985.92 2142.28 1427.57 1076.29 1207.86 751.77 634.30 597.45 208.29 48.88 Tax 439.69 256.96 157.76 195.09 121.30 42.24 33.34 13.58 0.00 0.00 Fringe Benefit tax 0.00 7.57 6.37 3.02 2.60 0.00 0.00 0.00 0.00 0.00 NOPAT 3546.23 1877.75 1263.44 878.18 1083.96 709.53 600.96 583.87 208.29 48.88 WACC 3728.02 -1253.03 924.62 301.73 912.62 257.26 173.89 182.87 58.71 44.95 EVA -181.79 3130.78 338.82 576.45 171.34 452.27 427.07 401.00 149.58 3.93

L &T


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 7035.01 5472.01 3523.80 2301.80 1662.14 1494.31 972.96 1058.55 1127.73 1144.87 Tax 1651.56 1217.60 891.56 611.44 364.19 321.00 280.00 88.00 24.32 23.64 Fringe Benefit tax -10.01 -0.20 69.31 15.18 21.67 0.00 0.00 0.00 0.00 0.00 NOPAT 5393.46 4254.61 2562.93 1675.18 1276.28 1173.31 692.96 970.55 1103.41 1121.23 WACC 12143.99 -3221.31 2200.19 476.71 2114.90 227.73 1473.02 -4.53 176.40 -334.64 EVA -6750.53 7475.92 362.74 1198.47 -838.62 945.58 -780.06 975.08 927.01 1455.87

M & M

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Operating Profit 3374.38 1492.83 1733.02 1647.88 1326.47 928.46 680.32 478.38 336.11 381.38 Tax 749.33 58.51 278.75 365.73 285.40 215.00 63.50 12.30 3.60 8.00 Fringe Benefit tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NOPAT 2625.05 1434.32 1454.27 1282.15 1041.07 713.46 616.82 466.08 332.51 373.38 WACC 5171.72 -993.71 691.22 251.60 1289.67 157.63 1284.80 -136.12 44.95 -408.76 EVA -2546.67 2428.03 763.05 1030.55 -248.60 555.83 -667.98 602.20 287.56 782.14

MUL

Particulars Mar 10 Mar 09 . Mar 08 Mar 07 Mar 06 Mar 05 Mar 04 Mar 03 Mar 02 Mar 01

(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 4451.00 2433.30 3130.80 2588.80 2055.80 1797.70 1308.10 656.90 538.20 129.00 Tax 1123.00 459.20 759.80 621.40 587.30 524.60 251.50 35.10 13.80 0.20 Fringe Benefit tax 0.00 9.70 9.80 6.70 5.70 0.00 0.00 0.00 0.00 0.00 NOPAT 3328.00 1964.40 2361.20 1960.70 1462.80 1273.10 1056.60 621.80 524.40 128.80 WACC 5910.16 -2091.39 1702.46 662.15 3632.77 512.77 3817.50 166.90 174.10 204.00 EVA -2582.16 4055.79 658.74 1298.55 -2169.97 760.33 _ -2760.90 454.90 350.30 -75.20

NTPC

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03 I

(12) Mar 02

(12) Mar 01


Tax 1945.50 1137.20 2823.20 2027.30 767.60 271.20 628.90 146.40 212.46 340.01 Fringe Benefit tax 2.70 21.00 16.90 15.40 20.90 0.00 0.00 0.00 0.00 0.00 NOPAT 13396.30 12562.00 11476.90 10922.20 9878.00 9517.70 10653.70 6128.30 5790.94 7151.20 WACC 18309.86 -8964.05 12674.83 3627.10 13550.57 4082.06 2190.31 1609.55 1739.42 2127.00 EVA -4913.56 21526.05 -1197.93 7295.10 -3672.57 5435.64 8463.39 4518.75, 4051.52 5024.20

ONGC

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01


Tax 7098.06 7350.98 7622.89 7785.00 6437.61 6977.38 4335.84 5705.23 3100.00 3927.02


NOPAT 19118.03 18120.11 19007.08 17460.82 17594.50 13271.19 9925.91 11289.76 7778.36 6685.46

WACC 43172.89 -19720.03 19558.57 4877.50 29477.36 4804.34 28188.86 43.47 510.29 -2262.75

EVA -24054.86 37840.14 -551.49 12583.32 -11882.86 8466.85 -18262.95 11246.29 7268.07 8948.21

PNB

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Operating Profit 6125.44 4954.48 3462.69 2362.55 2220.51 2230.36 1950.93 1312.57 846.73 649.70 Tax 2109.18 1701.32 1264.75 739.21 412.83 494.64 660.79 341.39 199.04 111.43 Fringe Benefit tax 0.68 12.68 10.45 8.96 9.00 0.00 0.00 0.00 0.00 0.00 NOPAT 4015.58 3240.48 2187.49 1614.38 1798.68 1735.72 1290.14 971.18 647.69 538.27 WACC 10889.70 -5058.84 3732.18 1040.14 6108.52 1210.11 5067.59 -738.97 -11.21 -579.00 EVA -6874.12 8299.32 -1544.69 574.24 -4309.84 525.61 -3777.45 1710.15 658.90 1117.27

POWERGRID

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01


Tax 421.91 478.60 197.11 134.09 83.16 64.81 16.64 70.42 72.23 69.76


NOPAT 5728.84 4471.61 3827.48 3313.64 2769.87 2301.46 2295.03 1847.29 1777.45 2071.89

WACC 4078.32 -368.45 2634.89 1007.53 802.88 673.99 747.80 602.81 599.02 619.96

EVA 1650.52 4840.06 1192.59 2306.11 1966.99 1627.47 1547.23 1244.48 1178.43 1451.93

RANBAXY

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)

Operating Profit 1847.78 1249.59 -1318.78 970.84 593.29 303.78 699.88 1019.78 782.53 374.40

Tax 4.77 5.61 18.54 6.56 2.00 -2.31 68.31 137.00 77.00 19.20


NOPAT 1843.01 1240.43 -1352.84 951.80 583.62 297.59 631.57 882.78 705.53 355.20 WACC 1691.18 -473.22 488.51 153.54 572.98 145.80 1241.78 -125.61 -7.94 -121.49

EVA 151.83 1713.65 -1841.35 798.26 10.64 151.79 -610.21 1008.39 713.47 476.69

RELIANCE INFRA

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)


Tax 181.34 103.26 43.70 38.85 166.14 25.00 28.61 17.25 32.00 29.00


NOPAT 1727.50 1659.70 1633.55 1318.98 1151.54 1025.74 777.51 471.55 560.57 573.52

WACC 12106.53 -5075.98 3881.03 659.39 3417.65 624.19 3214.36 -6.85 74.66 -344.28

EVA -10379.03 6735.68 -2247.48 659.59 -2266.11 401.55 -2436.85 478.40 485.91 917.80

RELIANCE CAP


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 1651.47 2296.15 1559.48 775.12 637.75 284.89 327.13 435.45 538.71 511.11 Tax 89.41 123.68 129.00 77.37 12.81 5.40 0.00 0.00 0.00 7.50 Fringe Benefit tax 0.00 2.50 2.50 0.63 0.19 0.00 0.00 0.00 0.00 0.00 NOPAT 1562.06 2169.97 1427.98 697.12 624.75 279.49 327.13 435.45 538.71 503.61 WACC 3677.29 -544.87 1390.67 478.39 3770.88 173.45 683.22 7.64 223.38 -331.97 EVA -2115.23 2714.84 37.31 218.73 -3146.13 106.04 -356.09 427.81 315.33 835.58

RCoMM

Particulars Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Operating Profit 3243.84 7784.26 5317.80 4713.52- 11.59 Tax 0.00 12.40 15.54 11.73 0.00 Fringe Benefit tax 0.00 0.00 0.00 0.00 0.63

NOPAT 3243.84 7771.86 5302.26 4701.79 10.96 WACC 33370.22 -18370.86 5094.93 1478.39 14142.99 EVA -30126.38 26142.72 207.33 3223.40 -14132.03

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03 i

(12) Mar 02

(12) Mar 01

(12) Operating Profit 33041.18 25373.75 28934.64 20524.51 14982.01 14260.84 10982.88 9366.46 9069.94 5561.72 Tax 3111.77 1206.50 2604.96 1617.10 900.00 705.00 351.00 245.90 190.00 135.00 Fringe Benefit tax 0.00 56.87 47.00 40.34 30.72 0.00 0.00 0.00 0.00 0.00 NOPAT 29929.41 24110.38 26282.68 18867.07 14051.29 13555.84 10631.88 9120.56 8879.94 5426.72 WACC 74986.53 -37279.37 19044.01 4829.84 23424.45 3851.23 17364.32 -3091.11 252.49 -1251.24 EVA -45057.12 61389.75 7238.67 14037.23 -9373.16 9704.61 -6732.44 12211.67 8627.45 6677.96

REL POWER


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 291.11 258.44 107.16 1.36 -0.11 -0.01 -0.01 0.00 0.00 0.00

Tax 1 15.68 7.10 6.37 0.38 0.00 0.00 0.00 0.00 0.00 0.00


NOPAT 275.43 250.88 100.39 0.98 -0.13 -0.01 -0.01 0.00 0.00 0.00

WACC 10154.46 -5600.70 4597.12 18.22 -0.07 0.00 0.03 0.00 0.00 0.00

EVA -9879.03 5851.58 -4496.73 -17.24 -0.06 -0.01 -0.04 0.00 0.00 0.00

SIEMENS

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)


Tax 451.65 400.75 349.32 266.04 149.40 103.40 77.50 58.80 41.70 23.64


NOPAT 927.44 1117.39 605.00 652.95 397.16 289.68 178.79 162.47 119.75 107.49

WACC 2837.50 -1057.37 546.42 172.05 484.03 75.13 273.64 -29.74 13.52 -54.39

EVA -1910.06 2174.76 58.58 480.90 -86.87 214.55 -94.85 192.21 106.23 161.88

SBI

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)


Tax 6166.62 5971.52 3823.50 3014.61 1682.71 2447.22 1566.06 2148.88 1602.57 971.00


NOPAT 8690.96 8829.27 7189.67 5123.87 5528.24 4826.11 4103.06 3611.95 2521.52 2006.17

WACC 53811.27 -23530.19 14632.24 3036.36 17847.36 3358.96 17255.36 -1566.01 -53.09 -2920.06

EVA -45120.31 32359.46 -7442.57 2087.51 -12319.12 1467.15 -13152.30 5177.96 2574.61 4926.23

SAIL

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)


Tax 3295.94 3414.90 3743.11 3265.65 1913.81 704.07 116.13 -11.56 0.00 0.00


NOPAT 8575.34 7478.92 9179.14 7674.10 5442.66 10440.21 4590.12 2224.14 1037.27 2166.64

WACC 20255.11 -10689.59 8431.45 1664.90 8557.07 1320.31 3059.10 1035.71 1319.30 752.00

EVA -11679.77 18168.51 747.69 6009.20 -3114.41 9119.90 1531.02 1188.43 -282.03 1414.64

STERLITE

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)


Tax 85.99 130.40 132.08 135.26 148.21 14.16 10.10 11.60 17.57 11.50


NOPAT 1268.74 1577.84 1274.76 1092.07 778.85 291.80 425.38 450.18 281.30 360.34

WACC 8919.57 -505.21 1762.45 319.85 1194.03 234.50 306.60 99.58 77.18 -173.38

EVA -7650.83 2083.05 -487.69 772.22 -415.18 57.30 118.78 350.60 204.12 533.72

SUN

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Operating Profit 1019.07 1357.04 1113.37 695.61 540.64 367.78 321.18 272.91 208.27 168.49 Tax 52.60 24.10 33.09 5.63 7.38 6.53 8.53 15.78 12.31 9.45 Fringe Benefit tax 0.00 1.54 1.45 1.10 0.87 0.00 0.00 0.00 0.00 0.00 NOPAT 966.47 1331.40 1078.83 688.88 532.39 361.25 312.65 257.13 195.96 159.04 WACC 10975.57 -697.48 2141.26 329.12 1217.86 218.47 490.66 13.60 53.01 -388.81 EVA -10009.10 2028.88 -1062.43 359.76 -685.47 142.78 -178.01 243.53 142.95 547.85

SUZLON

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Operating Profit -380.52 -6.83 1545.61 1294.54 1003.09 472.71 184.04 82.80 132.39 100.82 Tax • 0.00 0.00 66.13 69.04 107.04 48.06 12.22 2.55 12.50 10.75 Fringe Benefit tax 0.00 11.07 11.44 2.42 2.40 0.00 0.00 0.00 0.00 0.00 NOPAT -380.52 -17.90 1468.04 1223.08 893.65 424.65 171.82 80.25 119.89 90.07 WACC 5604.31 6580.32 6947.66 3701.58 2796.89 814.57 383.36 285.87 224.24 131.70 EVA -5984.83 -6598.22 -5479.62 -2478.50 -1903.24 -389.92 -211.54 -205.62 -104.35 -41.63

TATA MOTORS


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 5109.64 2699.20 3654.39 3527.98 2867.81 2319.87 1877.42 1181.79 661.02 338.52 Tax 0.00 0.00 139.01 476.00 363.35 363.82 96.00 19.71 0.00 0.00 Fringe Benefit tax 0.00 15.00 7.00 6.50 19.00 0.00 0.00 0.00 0.00 0.00 NOPAT 5109.64 2684.20 3508.38 3045.48 2485.46 1956.05 1781.42 1162.08 661.02 338.52 WACC 6630.98 -2099.20 1250.04 586.15 2756.10 463.35 2839.54 -240.21 202.51 -184.82 EVA -1521.34 4783.40 2258.34 2459.33 -270.64 1492.70 -1058.12 1402.29 458.51 523.34

TATA POWER


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 2158.68 1771.88 1433.61 1068.92 1190.68 1309.39 1351.51 1335.79 1301.42 980.92 Tax 230.37 92.18 81.01 -137.12 157.05 158.42 223.66 198.37 74.93 130.14 Fringe Benefit tax -4.73 5.40 5.09 3.88 6.94 0.00 0.00 0.00 0.00 0.00 NOPAT 1933.04 1674.30 1347.51 1202.16 1026.69 1150.97 1127.85 1137.42 1226.49 850.78

WACC 3895.02 -1920.64 2127.38 415.04 2626.93 559.90 3738.67 -295.35 139.71 -1154.93 EVA -1961.98 3594.94 -779.87 787.12 -1600.24 591.07 -2610.82 1432.77 1086.78 2005.71

TATA STEEL


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12)

Operating Profit 10145.67 9778.51 8830.00 7332.19 6189.57 6144.86 3518.19 2160.39 1178.90 1507.08 Tax 1998.00 2173.00 2252.00 2076.01 1579.00 1833.66 920.00 261.88 15.50 49.00

Fringe Benefit tax 0.00 16.00 19.00 16.00 27.00 0.00 0.00 0.00 0.00 0.00 NOPAT 8147.67 7589.51 6559.00 5240.18 4583.57 4311.20 2598.19 1898.51 1163.40 1458.08 WACC 22359.74 -8125.64 3894.10 448.55 5861.82 749.75 2844.21 -50.24 224.12 -401.80

EVA -14212.07 15715.15 2664.90 4791.63 -1278.25 3561.45 -246.02 1948.75 939.28 1859.88

TCS

Particulars Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12)

Operating Profit 6,849.27 5,564.59 5,466.06 4,517.52 3,336.22 2,255.80 17.71 1.87

Tax 864.30 375.59 440.47 406.84 322.41 241.00 1.11 0.15

Fringe Benefit tax 0.00 23.00 24.65 17.75 20.25 0.00 0.00 0.00

NOPAT 5,984.97 5,166.00 5,000.94 4,092.93 2,993.56 2,014.80 16.60 1.72

WACC 8,844.44 -4,214.95 2,481.49 795.90 3,794.99 333.38 5.33 -9.19

EVA -2,859.47 9,380.95 2,519.45 3,297.03 -801.43 1,681.42 11.27 10.91

UNITECH


(12) (12) (12) (12) (12) (12) (12) (12) (12) (12) Operating Profit 1,068.07 1,688.81 1,767.48 1,543.07 148.36 67.44 31.75 29.08 22.50 27.86

Tax 173.00 215.00 334.00 360.00 37.00 14.00 6.50 3.60 2.00 3.75


NOPAT 895.07 1,472.31 1,431.98 1,182.07 110.66 53.44 25.25 25.48 20.50 24.11

WACC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

EVA 895.07 1,472.31 1,431.98 1,182.07 110.66 53.44 25.25 25.48 20.50 24.11

WIPRO

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)


Tax 767.9 539.5 382.1 317.5 290.2 261.1 159.9 115.3 70.1 98.9


NOPAT 5608.9 3698.2 3631.1 3201.8 2322.2 1686.7 1077.2 959.7 1024.4 772.8

WACC 7311.9 -3144.8 2018.3 959.8 5197.3 680.7 3884.5 -931.1 -273.0 -1222.2

EVA -1703.0 6843.0 1612.8 2242.0 -2875.2 1006.0 -2807.4 1890.7 1297.5 1995.0

ZEE

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01


Tax 42.91 64.30 165.26 76.82 28.84 93.03 73.50 61.64 31.53 23.74


NOPAT 594.38 402.10 340.97 195.58 101.83 185.60 160.86 147.02 168.14 163.90

WACC 1411.64 -615.73 494:71 165.11 728.24 142.23 1711.31 -1041.21 -441.68 -2190.54

EVA -817.26 1017.83 -153.74 30.47 -626.41 43.37 -1550.45 1188.23 609.82 2354.44

Source: Operating Profit, Tax & FBT figures are from Capitaline;

NOPAT, WACC & EVA are calculated. WACC calculations are in Appendix 3.

APPENDIX C: CALCULATION OF WACC

ABB

Particulars Dec 10

(12) Dec 09

(12) Dec 08

(12) Dec 07

(12) Dec 06

(12) Dec 05

(12) Dec 04

(12) Dec 03

(12) Dec 02

(12) Dec 01

(12) Interest (Kd) 17.39 25.62 34.66 11.71' 0.72 6.64 1.35 0.95 0.60 7.26 Ke (%) 58.76 -31.48 26.42 9.85 34.63 9.05 36.32 -1.89 3.03 -15.75 Cost of Equity (Ke) 1424.10 -763.02 559.87 160.18 414.10 81.80 263.16 -11.40 15.53 -70.52 Total Shareholders Funds 2423.70 2423.73 2118.95 1626.34 1195.84 904.13 724.66 604.15 512.17 447.75 Total Debt 0.00 0.00 0.02 0.56 1.54 2.73 1.49 10.10 12.37 10.80 WACC 1424.10 -763.02 559.87 160.13 413.57 81.58 262.63 -11.20 15.18 -68.69

ACC

Particulars Dec 10

(12) Dec 09

(12) Dec 08

(12) Dec 07

(12) Dec 06

(12) Dec 05

(12) Dec 04

(12) Dec 03

(12) Dec 02

(12) Dec 01

(12) Interest (Kd) 93.38 110.68 41.32 73.87 80.90 71.31 100.72 114.75 145.66 169.57 Ke (%) 58.09 -23.23 25.51 10.03 51.06 10.06 99.61 -11.51 -3.01 -33.92

Cost of Equity (Ke) 3757.85 -1397.30 1257.08 416.36 1604.70 214.79 1590.90 -155.73 -32.36 -345.95 Total Shareholders Funds 6469.49 6016.22 4927.73 4152.61 3142.64 2135.93 1597.19 1353.19 1076.73 1019.81

Total Debt 523.82 566.92 482.03 306.41 915.98 1176.17 1509.07 1442.72 1496.20 1588.31

WACC 3483.37 -1267.44 1148.75 392.83 1260.80 163.84 866.95 -16.16 71.16 -32.01

AMBUJA

Particulars Dec 10

(12) Dec 09

(12) Dec 08

(12) Dec 07

(12) Dec 06

(12) Dec 05

(12) Dec 04

(12) Dec 03

(12) Dec 02

(12) Dec 01

(12) Interest (Kd) 48.68 22.39 31.61 78.84 116.81 88.35 103.09 112.44 107.44 137.51 Ke (%) 55.40 -31.05 15.71 9.91 55.17 10.86 81.52 -5.29 1.50 -25.19 Cost of Equity (Ke) 4060.88 -2009.05 891.07 461.81 1925.77 236.62 1648.15 -85.59 24.12 -384.08 Total Shareholders Funds 7330.25 6471.05 5673.02 4660.88 3490.58 2178.39 2021.69 1616.55 1604.49 1524.93 Total Debt 65.03 165.70 288.67 330.42 865.38 1127.45 1269.68 1751.28 1783.16 1657.37 WACC 7215.48 7050.72 4292.63 2749.82 2444.56 450.91 1186.82 35.15 127.42 -280.99

AXIS BANK

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Ke (%) 84.28 -52.77 27.11 10.00 41.67 13.28 55.15 -10.71 -0.91 -30.08 Cost of Equity (Ke) 16012.56 -8467.08 2768.83 876.58 1414.01 381.47 1328.16 -121.67 -8.38 -184.91 Total Shareholders Funds 18998.83 16044.61 10214.80 8768.50 3393.23 2872.18 2408.19 1136.42 918.11 614.76 Total Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 WACC 16012.56 -8467.08 2768.83 876.58 1414.01 381.47 1328.16 -121.67 -8.38 -184.91

AIRTEL

'

Particulars . Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest 116.15 217.02 217.97 229.00 197.37 278.06 21.29 30.81 9.02 25.87 Ke 68.83 -34.52 25.28 9.85 63.39 11.74 57.41 -7.10 -3.25 9.76 Ke 25287.23 -9543.47 5117.51 1124.10 4648.47 532.06 2770.07 -342.47 -156.65 158.30 Total Shareholders Funds 36737.18 27643.96 20241.49 11413.26 7333.43 4533.60 4824.86 4824.49 4824.27 1621.93 Total Debt 5038.92 7713.65 6570.34 5310.81 4796.29 4994.29 626.36 1.18 100.51 0.00 WACC 22251.17 -7414.11 3916.86 839.86 2888.43 398.92 2454.22 -342.38 -153.27 158.30

BHEL

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 33.50 30.71 35.42 43.33 58.75 81.41 60.08 54.78 96.98 43.76 Ke (%) 66.82 -37.13 32.58 10.29 41.67 13.28 83.78 -7.50 -1.23 -27.28 Cost of Equity (Ke) 10635.62 -4804.16 3509.97 904.54 3042.60 800.47 4437.13 -360.25 -55.17 -1045.05 Total Shareholders Funds 15917.36 12938.81 10774.21 8788.26 7301.38 6026.89 5295.94 4803.67 4469.61 3830.36

Total Debt 127.75 149.37 95.18 89.33 558.24 536.98 540.03 534.22 665.80 1025.60 WACC 10551.20 -4748.98 3479.55 895.87 2830.67 741.65 4032.10 -318.71 -35.44 -815.09

BPCL

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 1010.95 2166.37 672.47 532.69 247.62 140.11 105.35 247.37 307.40 256.84

Ke (%) 34.58 -15.40 23.69 9.02 32.87 10.66 74.74 -14.92 -0.11 -6.32

Cost of Equity (Ke) 4524.90 -1868.27 2765.82 926.81 3003.94 681.05 4372.20 -708.11 -4.28 -257.63 Total Shareholders Funds 13086.71 12128.11 11676.83 10273.54 9139.42 6388.43 5849.72 4747.43 3997.38 4079.39 Total Debt 22195.20 21171.41 15022.38 10829.24 8373.60 3881.61 2689.72 3285.86 3848.74 4158.14

WACC 2314.34 696.90 1587.99 724.56 1686.05 476.60 3028.24 -317.29 148.61 2.06

CAIRNS INDIA

Particulars Mar 10(12) Mar 09(15) Dec 07(12) Dec 06(5) Interest (Kd) 66.28 0.34 0.02 0.17

Ke (%) 65.47 -36.26 29.39 8.78 Cost of Equity (Ke) 43.40 -0.12 0.01 0.01 Total Shareholders Funds 31936.74 31990.80 29278.77 29237.87

Total Debt 1345.00 0.00 0.00 20.47

WACC 44.32 -0.12 0.01 0.02

CIPLA

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 28.30 52.23 17.51 11.16 16.07 11.66 13.47 4.49 3.95 2.65 Ke (%) 38.61 -14.97 19.58 9.38 48.13 10.86 41.59 -0.88 2.55 -12.96 Cost of Equity (Ke) 2283.22 -651.30 735.50 303.43 954.50 168.76 525.71 -9.47 22.70 -93.88 Total Shareholders Funds 5914.09 4350.75 3755.82 3236.27 1983.27 1553.63 1264.05 1070.08 890.14 724.66 Total Debt 5.07 940.24 540.45 123.56 468.91 191.20 210.58 94.78 33.89 24.03 WACC 2281.29 -526.28 645.18 292.69 775.05 151.55 452.56 • -8.33 22.01 -90.78

DLF

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 847.24 809.85 447.65 356.25 146.15 33.07 9.41 5.39 20.01 36.88 Ke (%) 112.49 -59.72 36.91 62.93 44.21 19.29 11.79 9.67 13.54 12.26 Cost of Equity (Ke) 14432.87 -7390.78 4159.35 410.81 285.12 74.06 37.47 27.45 35.25 28.57 Total Shareholders Funds 12830.01 12374.83 11269.15 652.80 644.93 383.93 317.82 283.91 260.31 233.00 Total Debt 12637.85 9614.97 8386.40 6769.29 3013.92 633.10 561.10 22.42 46.08 99.92 WACC 7691.31 -3805.08 2575.68 361.05 170.65 48.54 19.56 25.84 32.95 31.06

GAIL

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 70.00 87.00 79.57 107.08 117.30 134.09 137.97 186.37 226.88 197.14

Ke (%) 48.68 -27.14 29.61 9.38 60.45 16.64 109.40 -1.49 1.42 9.76 Cost of Equity (Ke) 8178.08 -4007.91 3851.24 1068.21 6029.14 1435.55 8145.09 -94.21 75.90 534.85 Total Shareholders Funds 16799.00 14769.63 13004.88 11392.91 9973.29 8626.11 7445.15 6339.13 5335.44 5480.05 Total Debt 1480.38 1200.13 1265.87 1337.85 1916.56 1997.40 2133.48 2047.12 2424.81 2710.89 WACC 7521.43 -3700.18 3516.68 967.20 5076.19 1190.85 6361.64 -25.72 123.08 423.08

GRASIM

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 120.39 139.67 107.00 111.84 103.38 138.76 153.88 168.41 190.25 238.78

Ke (%) 58.76 -24.09 25.97 10.44 50.48 10.53 78.51 -3.49 0.21 -32.18

Cost of Equity (Ke) 9870.65 -3558.68 3376.87 1189.46 5034.05 908.01 5845.14 -221.28 11.47 -1763.25

Total Shareholders Funds 16799.00 14769.63 13004.88 11392.91 9973.29 8626.11 7445.15 6339.13 5335.44 5480.05

Total Debt 1480.38 1200.13 1265.87 1337.85 1916.56 1997.40 2133.48 2047.12 2424.81 2710.89

WACC 9081.01 -3280.75 3086.82 1076.22 4239.26 763.38 4577.50 -126.15 67.33 -1100.65

HCL

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 101.36 28.09 19.07 12.97 12.74 5.62 5.48 1.06 1.73 0.52 Ke (%) 58.76 -24.09 25.97 10.44 68.08 10.93 105.63 -33.56 -11.62 -53.84 Cost of Equity (Ke) 2900.18 -840.48 834.77 357.59 1753.72 312.58 2420.26 -777.03 -244.24 -917.7 .9 Total Shareholders Funds 4935.86 3488.24 3214.83 3425.02 2575.87 2859.98 2291.18 2315.58 2101.80 1704.58 Total Debt 1397.39 513.73 25.33 40.89 13.38 96.69 98.23 5.83 3.30 0.00 WACC 2282.64 -728.98 828.39 35152 1744.73 302.54 2320.99 -775.07 -243.85 -917.79

HDFC BANK

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

- (12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Ke (%) 57.41 -38.00 28.70 9.52 48.13 12.74 41.59 0.92 3.35 -23.09 Cost of Equity (Ke) 12092.44 -5403.80 3198.20 582.27 2399.83 536.52 1001.10 18.04 55.72 -154.58 Total Shareholders Funds 21061.84 14220.95 11142.81 6113.76 4986.39 4209.97 2407.09 1962.78 1660.91 669.49 Total Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 WACC 12092.44 -5403.80 3198.20 582.27 2399.83 536.52 1001.10 18.04 . 55.72 -154.58

HDFC

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01


HERO HONDA

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 2.10 2.53 2.00 1.61 2.92 1.93 1.72 1.73 1.51 2.53 Ke (%) 58.76 -8.45 17.30 9.02 51.06 10.32 74.74 -10.11 1.26 -7.01 Cost of Equity (Ke) 2035.95 -321.25 516.71 222.83 1026.01 154.19 851.17 -87.01 8.65 -44.13


Total Debt 66.03 78.49 132.00 165.17 185.78 201.76 174.70 134.28 116.44 66.48 WACC 4 1997.92 -314.70 494.92 208.97 939.42 136.07 738.19 -75.04 7.61 -39.67

HINDALCO

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 278.00 336.93 280.63 242.39 225.17 169.96 177.15 137.26 45.60 63.40 Ke (%) 91.00 -44.08 35.09 10.62 72.78 9.85 61.18 0.52 3.27 -5.97

Cost of Equity (Ke) 25399.04 -10473.34 6116.79 1318.56 6993.48 755.49 4195.64 32.08 187.21 -338.00 Total Shareholders Funds 27911.41 23758.77 17434.04 12418.44 9609.33 7666.58 6857.90 6191.09 5717.37 5665.57 Total Debt 6356.90 8324.29 8328.58 7359.23 4903.44 3800.00 2564.60 2395.02 957.73 714.72 WACC 20739.00 -7668.50 4230.06 918.12 4706.66 561.44 3101.90 61.42 166.89 -293.04

HUL

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 6.98 25.32 25.50 10.73 19.20 129.98 66.76 9.18 7.74 13.15

Ke (%) 31.22 -11.93 20.49 10.03 58.69 9.72 60.43 -13.51 1.58 -19.60'

Cost of Equity (Ke) 806.52 -245.90 294.97 273.07 1353.22 203.41 1292.35 -494.41 48.20 -487.57


Total Debt 0.00 421.94 88.53 72.60 56.94 1471.12 1704.31 58.30 83.74 111.61

WACC 806.52 -199.82 279.35 266.26 1321.07 173.10 748.82 -486.51 47.12 -466.07

ICICI

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Ke (%) 100.40 -63.20 30.30 9.73 72.19 11.20 65.70 -8.10 -1.31 -64.68 Cost of Equity (Ke) 51826.15 -31305.04 14185.48 2399.94 16283.41 1444.59 5492.93 -590.00 -86.71 -1609.28 Total Shareholders Funds 51618.37 49533.02 46820.21 24663.26 22555.99 12899.96 8360.56 7283.31 6594.96 2488.22 Total Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 WACC 51826.15 -31305.04 14185.48 2399.94 16283.41 1444.59 5492.93 -590.00 -86.71 -1609.28

IDEA

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 563.71 918.30 468.96 340.98 259;12 260.00 258.63 202.29 186.99 160.47

Ke (')/0) 77.56 -40.17 27.79 9.82 5.87 5.15 4.67 5.93 7:30 9.76 Cost of Equity (Ke) 8886.78 -4537.13 984.40 213.98 68.59 53.71 47.49 59.76 48.02 19.05 Total Shareholders Funds 11457.23 11294.42 3542.27 2179.15 1168.53 1042.93 1016.88 1007.79 657.75 195.19

Total Debt 6526.41 7579.36 6514.76 4250.51 2915.60 2698.03 2263.53 1819.83 1517.59 1469.06 WACC 5866.27 -2346.33 650.51 297.94 204.61 202.49 193.18 151.49 144.97 143.88

IDFC

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Ke (%) 99.06 -54.51 37.82 10.41 58.69 10.12 34.06 1.12 5.13 2.42 Cost of Equity (Ke) 6758.91 -3286.53 2062.90 300.04 1493.24 191.21 578.64 17.38 75.30 33.47 Total Shareholders Funds 6823.11 6029.20 5454.38 2882.03 2544.19 1888.87 1699.13 1552.79 1468.86 1382.23 Total Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 WACC 6758.91 -3286.53 2062.90 300.04 1493.24 191.21 578.64 17.38 75.30 33.47

INFOSYS

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 2.00 2.00 1.00 1.00 1.00 1.00 0.75 0.75 0.71 0.59

Ke (%) 50.03 -23.23 21.63 9.64 67.50 10.59 98.10 -24.94 -9.93 -52.79

Cost of Equity (Ke) 11023.58 -4136.24 2918.51 1076.26 4655.18 555.31 3191.59 -713.38 -206.57 -733.65


Total Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

WACC 11023.58 -4136.24 2918.51 1076.26 4655.18 555.31 3191.59 -713.38 -206.57 -733.65

ITC

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 90.28 47.65 37.79 16.04 21.10 50.80 34.18 40.25 77.71 101.37

Ke (%) 45.32 -14.54 23.23 9.91 56.34 9.72 46.11 -7.70 2.31 -17.15 Cost of Equity (Ke) 6374.46 -1996.45 2801.05 1034.13 5105.64 767.44 2955.71 -413.14 101.88 -606.13 Total Shareholders Funds 14064.38 13735.08 12057.67 10437.08 9061.48 7895.61 6410.06 5365.62 4413.98 3534.51 Total Debt 107.71 177.55 214.43 200.88 119.73 245.36 120.85 116.98 284.54 858.94 WACC 6326.70 -1970.36 2752.77 1014.90 5039.33 745.85 2901.65 -403.47 100.42 -467.81

JINDAL STEEL & POWER

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 331.66 267.89 243.02 173.19 102.24 85.63 83.01 82.95 59.99 44.16

Ke (%) 80.25 -45.82 45.34 10.56 55.17 12.54 89.81 -27.14 -2.12 -27.28

Cost of Equity (Ke) 5413.78 -2480.84 1688.74 261.58 1014.40 165.36 768.07 -155.47 -9.86 -113.11

Kp 0.00 0.00 0.00 0.00 0.00 0.00 0.15 3.76 8.98 8.65

Pref Cap 0.00 1.00 1.00 1.00 1.00 1.00 1.00 11.00 71.00 71.00 Total Shareholders Funds 6746.00 5414.32 3724.26 2477.41 1838.66 1318.38 855.20 572.81 465.23 414.58

Total Debt 8383.26 4962.65 3863.35 3507.72 2745.37 1495.86 1025.96 885.25 697.51 404.54

WACC 2597.73 -1166.18 952.50 209.74 468.01 122.94 394.24 -10.61 30.71 -31.92

JP ASSOCIATES

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01


L & T

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)

Interest (Kd) 637.67 477.68 173.62 137.66 172.37 120.82 125.85 258.04 402.18 493.04

Ke (%) 89.66 -41.47 30.98 10.38 58.69 8.51 76.25 -6.70 -1.72 -30.43

Cost of Equity (Ke) 16417.37 -5167.65 2960.33 598.84 2723.41 286.72 2115.94 -238.61 -57.42 -1216.96


Total Debt 6800.83 6556.03 3583.95 2077.75 1453.57 1859.06 1324.35 3176.00 3462.57 4263.39

WACC 12143.99 -3221.31 2200.19 476.71 2114.90 227.73 1473.02 -4.53 176.40 -334.64

M & M

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 156.85 134.12 87.59 19.80 26.96 30.24 76.93 115.90 115.64 112.73

Ke (%) 89.66 -35.39 24.14 10.09 57.52 11.33 100.36 -20.33 -1.31 -33.57

Cost of Equity (Ke) 7017.12 -1862.35 1050.21 358.33 1673.13 225.13 1781.42 -319.11 -19.78 -694.58 Total Shareholders Funds 7826.77 5262.08 4350.07 3552.91 2908.87 1986.53 1775.03 1569.83 1504.02 2068.82 Total Debt 2880.15 4052.76 2587.06 1636.00 883.38 1052.62 729.81 1139.85 1377.07 1133.91

WACC 5171.72 -993.71 691.22 251.60 1289.67 157.63 1284.80 -136.12 44.95 -408.76

MUL

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 33.50 51.00 59.60 37.60 20.40 36.00 43.40 52.70 77.00 75.90

Ke (%) 53.38 -24.09 22.32 10.50 67.50 12.48 115.43 5.93 7.30 9.76

Cost of Equity (Ke) 6318.03 -2251.62 1878.20 719.63 3680.27 546.27 4145.29 183.71 197.63 257.91


Total Debt 821.40 698.90 900.20 630.80 71.70 307.60 311.90 456.00 656.00 1112.10

WACC 5910.16 -2091.39 1702.46 662.15 3632.77 512.77 3817.50 166.90 174.10 204.00

NTPC

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01


ONGC

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (W) 14.42 118.92 58.96 21.50 29.81 41.17 48.65 113.20 237.81 396.53

Ke (%) 58.76 -30.18 32.58 9.79 67.50 12.41 89.06 0.12 1.83 -8.76 Cost of Equity (Ke) 51284.96 -23760.55 23005.42 6062.33 36420.50 5812.60 36106.80 41.91 542.47 -2655.77 Total Shareholders Funds 87282.60 78735.42 70617.40 61923.93 53959.67 46845.42 40543.10 35738.96 29722.18 30311.29 Total Debt 16405.65 16035.70 12482.71 15109.07 12722.61 9916.22 11407.79 800.23 3510.84 4479.74 WACC 43172.89 -19720.03 19558.57 4877.50 29477.36 4804.34 28188.86 43.47 510.29 -2262.75

PNB

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Ke (%) 61.44 -34.52 30.30 9.97 65.15 14.83 101.11 -18.32 -0.35 -21.69 Cost of Equity (Ke) 10889.70 -5058.84 3732. 8 1040.14 6108.52 1210.11 5067.59 -738.97 -11.21 -579.00 Total Shareholders Funds 17722.92 14653.63 12318.34 10435.46 9376.36 8161.30 5011.80 4032.99 3216.19 2669.20 Total Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 WACC 10889.70 -5058.84 3732.18 1040.14 6108.52 1210.11 5067.59 -738.97 -11.21 -579.00

POWERGRID

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01


RANBAXY

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01


RELIANCE INFRA

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 292.21 330.50 308.76 250.32 191.88 134.82 69.93 76.35 65.74 55.34 Ke (%) 101.07 -70.59 46.26 9.82 65.74 14.42 87.55 -1.09 2.87 -18.55 Cost of Equity (Ke) 15314.96 -8405.10 5405.95 917.07 5175.50 914.48 4474.70 -27.82 76.92 -466.11 Kp 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.67 6.41 Pref Cap 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 63.00 Total Shareholders Funds 15152.19 11907.44 11686.96 9339.24 7873.28 6339.89 5110.97 2563.63 2678.32 2513.15 Total Debt 4114.90 7332.18 4988.88 5882.96 4290.47 3760.78 2048.57 646.38 677.38 710.86 WACC 12106.53 -5075.98 3881.03 659.39 3417.65 624.19 3214.36 -6.85 74.66 -344.28

RELIANCE CAP

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

, (12) Mar 01

(12) Interest (Kd) 1261.52 1237.84 408.61 42.63 45.20 151.08 200.39 252.81 373.43 302.14

Ke (%) 112.49 -61.03 48.31 11.56 98.02 13.48 89.06 -23.73 -4.94 -52.10 Kp 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.55 Pref Shares 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.00

Cost of Equity (Ke) 7828.46 -4153.82 2910.67 596.84 3992.14 193.88 1246.64 -317.18 -63.00 -1057.40


Total Debt 11958.15 13779.06 9325.58 1402.96 241.89 1313.55 1633.47 1770.45 2434.88 2316.77

WACC 3677.29 -544.87 1390.67 478.39 3770.88 173.45 683.22 7.64 223.38 -331.97

RCoMM

Particulars Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12)

Interest (Kd) 1113.13 1035.68 870.05 456.55 0.00

Ke (%) 97.04 -57.99 34.40 10.74 95.67

Cost of Equity (Ke) 49006.17 -29973.27 8545.31 2203.63 14142.99

Total Shareholders Funds 50498.89 51690.32 24840.03 20525.54 14783.47

Total Debt 24478.28 30903.61 20286.43 14567.84 0.00

WACC 33370.22 -18370.86 5094.93 1478.39 14142.99

RIL

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 1997.21 1745.23 1077.36 1188.89 877.04 1468.66 1434.72 1555.16 1825.10 1215.99 Ke (%) 78.91 -47.56 33.26 10.03 66.91 12.27 78.51 -20.13 -2.93 -19.94 Cost of Equity (Ke) 108240.01 -60101.18 27091.02 6413.66 33323.47 4958.96 27048.39 -6113.47 -815.38 -2944.88 Total Shareholders Funds 137171.97 126374.39 81448.60 63967.13 49804.26 40403.32 34452.45 30374.41 27875.26 14765.37 Total Debt 62494.69 73904.48 36479.68 27825.73 21865.61 18784.59 20944.66 19758.31 18928.48 10135.79 WACC 74986.53 -37279.37 19044.01 4829.84 23424.45 3851.23 17364.32 -3091.11 252.49 -1251.24

REL POWER

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 1.69 1.77 5.72 0.82 0.00 0.00 0.00 0.00 0.00 0.00 Ke (%) 72.19 -40.61 33.95 9.11 69.26 14.89 97.35 -13.11 0.05 -54.19 Cost of Equity (Ke) 10154.46 -5600.70 4597.12 18.22 -0.07 0.00 0.04 0.00 0.00 -0.01 Total Shareholders Funds 14066.04 13792.81 13542.68 200.05 -0.10 0.03 0.04 0.01 0.01 0.01 Total Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.02 149.99 1048.86 WACC 10154.46 -5600.70 4597.12 18.22 -0.07 0.00 0.03 0.00 0.00 0.00

SIEMENS

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 18.86 15.65 10.84 6.84 5.34 3.95 1.58 1.48 5.23 5.25 Ke (%) 81.60 -36.26 26.42 10.82 44.61 9.65 45.36 -6.10 3.60 -17.15 Cost of Equity (Ke) 2837.70 -1057.59 546.70 172.21 484.91 75.36 274.94 -29.94 13.66 -55.05 Total Shareholders Funds 3477.78 2916.62 2069.08 1590.88 1087.09 780.76 606.16 491.05 379.71 321.00 Total Debt 0.24 0.59 1.06 1.53 2.00 2.57 2.88 3.10 6.40 3.55 WACC 2837.50 -1057.37 546.42 172.05 484.03 75.13 273.64 -29.74 13.52 -54.39

SBI

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01


SAIL

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 402.01 259.41 250.94 332.13 467.76 651.98 955.45 1381.79 1588.27 1751.68

Ke (%) 90.33 -48.43 41.24 11.48 89.80 16.44 132.76 -29.15 -0.19 -52.44

Cost of Equity (Ke) 30094.00 -13631.35 9511.58 1986.71 11315.87 1694.44 6687.94 -736.03 -5.31 -2379.36


Total Debt 16511.25 7562.83 3045.24 4180.52 4297.62 5769.79 8690.06 12927.94 13935.76 14211.23

WACC 20255.11 -10689.59 8431.45 1664.90 8557.07 1320.31 3059.10 1035.71 1319.30 752.00

STERLITE

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12)

Interest (Kd) 256.44 203.92 164.45 182.99 121.08 105.63 130.34 161.68 105.49 143.88

Ke (%) 49.35 -4.98 16.39 9.11 42.26 9.12 43.10 1.12 3.76 -24.84

Cost of Equity (Ke) 10990.11 -698.65 2157.90 406.12 1732.82 324.30 611.14 14.04 53.02 -413.49

Kp 0.00 0.00 0.00 0.05 0.22 0.22 0.02 0.50 1.81 3.08

Pref Cap 0.00 0.00 0.00 0.00 21.88 21.88 21.88 0.00 20.00 24.82


Total Debt 5322.20 3830.04 3257.81 2809.75 2034.79 2439.50 2412.12 1727.45 1257.45 1246.11

WACC 8919.57 -505.21 1762.45 319.85 1194.03 234.50 306.60 99.58 77.18 -173.38

SUN

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 0.44 2.77 5.06 8.80 11.23 11.47 3.62 0.94 3.61 7.65 Ke (%) 49.35 -4.98 16.39 9.11 42.26 9.12 43.10 1.12 3.76 -24.84 Cost of Equity (Ke) 10990.11 -698.65 2157.90 405.99 1732.23 324.17 604.48 13.86 53.02 -405.36 Kp 0.00 0.00 0.05 0.08 0.08 0.08 0.93 0.39 1.35 4.11 Pref Cap 0.00 0.00 0.00 1.37 1.40 1.40 15.45 15.70 0.00 32.72 Total Shareholders Funds 22268.08 14039.84 13165.02 4456.56 4099.13 3556.46 1402.61 1238.29 1411.04 1632.08 Total Debt 29.49 23.60 102.52 1068.15 1745.98 1814.65 312.25 9.24 0.17 35.71 WACC 10975.57 -697.48 2141.26 329.12 1217.86 218.47 490.66 13.60 53.01 -388.81

SUZLON

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 731.90 433.97 139.61 101.47 54.56 41.30 25.68 7.83 4.52 3.48 Ke (%) 106.45 -60.16 32.35 10.74 95.08 5.15 4.67 5.93 7.30 9.76 Cost of Equity (Ke) 0.00 0.00 0.00 0.16 1.44 0.08 0.00 0.01 0.01 0.00 Kp 0.00 0.00 0.00 1.50 1.51 1.51 0.09 0.13 0.10 0.02 Pref Cap 0.00 0.00 0.00 0.00 15.00 115.00 15.00 1.03 1.03 1.02 Total Shareholders Funds 5604.31 6580.32 6947.66 3701.58 2796.89 814.57 383.36 285.87 224.24 131.70 Total Debt 7601.22 7329.48 3084.74 1136.64 335.37 322.54 220.66 84.92 49.07 20.68 WACC 421.29 228.67 42.93 23.96 7.10 10.83 9.16 1.79 0.81 0.47

TATA MOTORS

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 1246.23 810.90 425.61 368.51 293.49 217.81 202.48 309.29 415.55 491.49

Ke (%) 84.28 -42.78 24.37 10.38 73.36 14.89 104.88 -21.13 0.13 -24.84

Cost of Equity (Ke) 12613.17 -5231.87 1910.51 713.17 4062.27 612.38 3764.97 -548.76 3.31 -808.14


Total Debt 16625.91 13165.56 6280.52 4009.14 2936.84 2495.42 1259.77 1458.31 2304.96 2998.88

WACC 6630.98 -2099.20 1250.04 586.15 2756.10 463.35 2839.54 -240.21 202.51 -184.82

TATA POWER

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 422.99 327.76 173.87 191.59 165.28 191.44 283.72 341.21 348.28 246.53

Ke (%) 54.73 -37.56 35.31 9.11 69.26 14.89 97.35 -13.11 0.05 -54.19

Cost of Equity (Ke) 5814.09 -3265.23 2859.99 549.61 3847.64 765.06 4916.30 -618.90 2.28 -2096.18


Total Debt 5872.01 5198.20 3037.27 3633.36 2755.00 2860.01 1721.42 2399.20 2788.93 2597.89

WACC 3895.02 -1920.64 2127.38 415.04 2626.93 559.90 3738.67 -295.35 139.71 -1154.93

TATA STEEL

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 1848.19 1489.50 929.03 251.25 174.51 228.80 227.12 342.41 403.15 412.39 Ke (%) 98.39 -55.38 33.49 11.06 75.13 13.48 106.39 -17.92 -0.59 -24.14 Cost of Equity (Ke) 36365.91 -16711.50 7312.00 953.88 7328.73 951.91 4804.31 -571.01 -20.34 -1179.97 Kp 45.88 109.45 22.19 0.00 0.00 0.00 0.00 0.00 2.07 0.00 Pref Cap 0.00 0.00 5472.66 5472.52 0.00 0.00 0.00 0.00 0.00 0.00 Total Shareholders Funds 36961.94 30176.50 21833.72 8623.64 9755.30 7059.92 4515.86 3186.02 3445.96 4888.43 Total Debt 25239.20 26946.18 18021.69 9645.33 2516.15 2739.70 3382.21 4225.61 4705.48 4672.22 WACC 22359.74 -8125.64 3894.10 448.55 5861.82 749.75 2844.21 -50.24 224.12 -401.80

TCS

Particulars Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12)

Interest (Kd) 9.54 7.44 3.42 3.43 4.49 10.40 0.20 0.00

Ke (%) 59.43 -31.92 23.00 9.94 68.08 10.39 98.10 -24.94

Cost of Equity (Ke) 8924.26 -4259.57 2508.39 800.89 3818.98 345.12 46.19 -9.19

Kp 17.00 7.00 0.08 0.00 0.00 0.00 0.00 0.00

Pref Cap 100.00 100.00 100.00 0.00 0.00 0.00 0.00 0.00

Total Shareholders Funds 15016.65 13346.30 10904.86 8058.99 5609.33 3321.05 47.08 36.84

Total Debt 35.74 41.04 18.25 50.74 35.50 120.74 375.00 0.00

WACC 8844.44 -4214.95 2481.49 795.90 3794.99 333.38 5.33 -9.19

WACC (%) 59.35 -31.76 23.00 9.92 67.73 10.33 10.99 -24.94

UNITECH

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 346.69 722.13 393.39 193.71 37.14 21.92 9.53 12.01 12.56 13.17

Ke (%) 121.90 -65.81 43.29 8.64 31.69 10.12 40.84 -3.49 6.58 -4.22

Cost of Equity (Ke) 9908.30 -1881.81 928.11 100.27 71.17 17.61 61.54 -4.83 8.58 -5.40 Total Shareholders' Funds 8128.43 2859.57 2143.82 1161.00 224.54 173.91 150.69 138.35 130.53 127.92 Total Debt 4923.56 7678.99 8119.46 3607.17 688.75 325.88 131.68 132.22 138.44 152.75 WACC 6301.40 15.57 505.08 170.96 45.51 20.42 37.28 3.40 10.63 4.71

WIPRO

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 108.40 196.80 116.80 7.20 3.13 5.57 3.52 2.93 2.89 6.89

Ke ( )/0) , 54.06 -35.83 22.77 10.56 81.58 14.09 113.92 -28.55 -10.90 -63.63

Cost of Equity (Ke) 9563.61 -4483.63 2644.28 984.11 5237.91 689.25 3995.92 -950.62 -275.94 -1250.25

Total Shareholders' Funds 17692.20 12514.90 11610.70 9320.40 6420.45 4892.44 3507.59 3330.21 2532.54 1964.95

Total Debt 5530.20 5013.90 3822.40 238.00 50.16 62.09 100.69 69.75 26.86 44.80

WACC 7311.94 -3144.85 2018.29 959.78 5197.33 680.69 3884.51 -931.06 -273.02 -1222.23

ZEE

Particulars Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Interest (Kd) 17.52 77.88 42.98 18.92 13.99 16.47 37.05 51.72 58.52 21.14

Ke (%) 52.04 -28.44 25.28 9.52 61.63 8.11 94.33 -29.55 -12.10 -59.08

Cost of Equity (Ke) 1470.31 -666.34 538.07 184.30 952.09 173.23 1930.56 -1154.33 -490.82 -2369.06

Total Shareholders' Funds 2825.33 2343.00 2128.25 1935.17 1544.94 2136.75 2046.56 3906.68 4055.21 4009.61 Total Debt 118.90 170.95 204.26 254.05 484.21 526.71 268.01 404.36 398.43 323.65

WACC 1411.64 -615.73 494.71 165.11 728.24 142.23 1711.31 -1041.21 -441.68 -2190.54

Source: Kd & Kp are taken from Capitaline database & Ke is calculated in Appendix - 6

APPENDIX D: CALCULATION OF PFM

ABB

Particulars/Year Dec 10(12) Dec 09(12) Dec 08(12) Dec 07(12) Dec 06(12) Dec 05(12) Dec 04(12) Dec 03(12) Dec 02(12) Dec 01(12) Shareholder Value Added

8588.31 -15918.99 -50168.38 62855.69 7519.06 1587.98 2194.86 114.00 139.01 155.90

Equity Market Value 9041.77 25003.14 75218.14 12409.08 4932.40 3378.32 1213.13 1124.55 1010.97 875.78 Shareholder Return 94.98 -63.67 -66.70 506.53 152.44 47.01 180.93 10.14 13.75 17.80 Ke(Applying CAPM) 58.76 -31.48 26.42 9.85 34.63 9.05 36.32 -1.89 3.03 -15.75 Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke)

3275.60 -8047.69 -70042.64 61633.50 5811.04 1282.32 1754.31 135.23 108.35 293.85

Created Shareholder Value=Shareholder Value Added- (Equity Market ValuexKe)

3275.60 -8047.69 -70042.64 61633.50 5811.04 1282.32 1754.31 135.23 108.35 293.85

ACC

Particulars/Year Dec 10(12) Dec 09(12) Dec 08(12) Dec 07(12) Dec 06(12) Dec 05(12) Dec 04(12) Dec 03(12) Dec 02(12) Dec 01(12) Shareholder Value Added

7652.34 -4294.67 2086.84 -479.46 8433.14 2233.44 2165.50 -125.41 258.36 -354.86

Equity Market Value 10795.27 15521.71 13810.20 14664.69 6660.08 4551.61 2456.99 2625.13 2222.02 2611.02 Shareholder Return 70.89 -27.67 15.11 -3.27 126.62 49.07 88.14 -4.78 11.63 -13.59 Ke(Applying CAPM) 58.09 -23.23 25.51 10.03 51.06 10.06 99.61 -11.51 -3.01 -33.92 Created Shareholder Value=Equity Mlct Valuex(Shareholder Return-Ke)

1381.83 -689.67 -1436.18 -1949.82 5032.35 1775.73 -281.81 176.69 325.14 530.88

Created Shareholder Value=Shareholder Value Added-,

(Equity Market ValuexKe)

1381.83 -689.67 -1436.18 -1949.82 5032.35 1775.73 -281.81 176.69 325.14 530.88

AMBUJA

Particulars/Year Dec 10 Dec 09 Dec 08 Dec 07 Dec 06 Jun 05 Jun 04 Jun 03 Jun 02 Jun 01 Shareholder Value

Added 7975.15 -7308.16 2522.04 1107.60 -37923.16 48418.79 2958.54 -513.69 939.19 -1348.12

Equity Market Value 10757.32 18431.07 16244.01 15669.06 54143.60 5301.27 2484.80 3104.95 2258.87 3680.56 Shareholder Return 74.14 -39.65 15.53 7.07 -70.04 913.34 119.07 -16.54 41.58 -36.63 Ke(Applying CAPM) 55.40 -31.05 15.71 9.91 55.17 10.86 81.52 -5.29 1.50 -25.19 Created Shareholder Value=Equity Mkt Valuex(Shareholder

Return-Ke)

2015.71 -1585.92 -29.44 -444.93 -67794.52 47842.95 932.85 -349.30 905.23 -421.11

Created Shareholder Value=Shareholder Value Added-(Equity Market ValuexKe)

2015.71 -1585.92 -29.44 -444.93 -67794.52 47842.95 932.85 -349.30 905.23 -421.11

AIRTEL

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12) Mar 02(12)

Shareholder Value Added 289.46 -37652.90 11984.62 66658.30 39637.64 9619.80 23649.00 -1918.24 -1074.95

Equity Market Value 118782.37 156814.81 144830.09 78169.90 38495.31 28875.50 5226.50 7144.74 8219.70

,Shareholder Return 0.24 -24.01 8.27 85.27 102.97 33.31 452.48 -26.85 -13.08

Ke(Applying CAPM) 55.40 -31.05 15.71 9.91 55.17 10.86 81.52 -5.29 1.50

Created Shareholder Value-Equity Mkt Valuex(Shareholder Return-Ke)

-65514.65 11032.97 -10764.13 58913.04 18399.54 6483.24 19388.19 -1539.95 -1198.50


-65514.65 11032.97 -10764.13 58913.04 18399.54 6483.24 19388.19 -1539.95 -1198.50

AXIS BANK

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12) Mar 02(12) Mar 01(12) Shareholder Value Added

31636.19 -11184.87 11028.94 7641.39 3503.30 2618.49 3217.83 40.51 467.46 -247.78

Equity Market Value 16812.53 28356.40 17542.10 10027.44 6621.67 4070.04 910.11 917.31 478.57 746.14

Shareholder Return 188.17 -39.44 62.87 76.20 52.91 64.34 353.56 4.42 97.68 -33.21

Ke(Applying CAPM) 58.76 -8.45 17.30 9.02 51.06 10.32 74.74 -10.11 1.26 -7.01

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke)

21757.59 -8788.10 7993.62 6736.79 122.13 2198.27 2537.59 133.21 461.42 -195.45


21757.59 -8788.10 7993.62 6736.79 122.13 2198.27 2537.59 133.21 461.42 -195.45

BHEL


44223.24 -26130.58 46549.68 1074.49 36470.46 4152.34 9477.11 1423.29 742.85 315.74


Shareholder Return 59.81 -25.90 84.10 1.96 194.42 28.07 173.52 34.41 21.28 9.72

Ke(Applying CAPM) 58.76 -8.45 17.30 9.02 51.06 10.32 74.74 -10.11 1.26 -7.01


775.42 -17601.60 36972.66 -3875.84 26892.00 2625.10 5394.84 1841.28 698.81 543.65


775.42 -17601.60 36972.66 -3875.84 26892.00 2625.10 5394.84 1841.28 698.81 543.65

BPCL


5640.03 -921.93 3969.71 -3852.21 4861.69 -3397.50 8244.00 -2748.00 4440.00 -2469.00


Shareholder Return 41.48 -6.24 36.27 -25.05 45.84 -23.63 123.81 -27.88 77.26 -29.25

Ke(Applying CAPM) 34.58 -15.40 23.69 9.02 32.87 10.66 74.74 -14.92 -0.11 -6.32


939.13 1353.42 .

1377.09 -5239.35 1376.04 -4930.25 3267.30 -1277.84 4446.16 -1935.95


939.13 1353.42 1377.09 -5239.35 1376.04 -4930.25 3267.30 -1277.84 4446.16 -1935.95

CAIRN

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12)

Shareholder Value Added 23569.35 -4683.17 16669.99 4169.38 8

Equity Market Value 34917.69 39853.94 23328.57 19737.65

Shareholder Return 67.50 -11.75 71.46 21.12

Ke(Applying CAPM) 65.47 -36.26 29.39 8.78

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) 707.23 9768.20 9814.69 2435.48

Created Shareholder Value=Shareholder Value Added-(Equity Market ValuexKe) 707.23 9768.20 9814.69 2435.48

CIPLA


11202.22 836.07 -559.34 -758.17 12542.30 826.39 2905.78 -1722.18 213.05 -1143.96


Shareholder Return 65.49 4.89 -3.04 -3.82 163.52 11.74 67.88 -28.23 3.56 -15.88

Ke(Applying CAPM) 38.61 -14.97 19.58 9.38 48.13 10.86 41.59 -0.88 2.55 -12.96


4598.77 3396.01 -4163.85 -2620.03 8850.83 61.73 1125.47 -1668.19 60.43 -210.80

Created Shareholder Value---Shareholder Value Added-(Equity Market ValuexKe)

4598.77 3396.01 -4163.85 -2620.03 8850.83 61.73 1125.47 -1668.19 60.43 -210.80

DLF


Shareholder Value Added 24378.01 -81352.33 23624.19 -91523.07


Shareholder Return 85.86 -73.90 27.11 -51.13

Ke(Applying CAPM) 112.49 -59.72 36.91 62.93

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) -7563.44 -15603.40 -8540.35 -204173.59

Created Shareholder Value=Shareholder Value Added-(Equity Market ValuexKe) -7563.44 -15603.40 -8540.35 -204173.59

GAIL


Shareholder Value Added 21881.28 -3936.38 14874.99 -3716.63 9834.91 591.96 12371.86 490.48 1369.95

Equity Market Value 31153.87 35978.18 22371.67 26933.95 17944.69 18029.26 6333.92 6435.40 5445.99

Shareholder Return 70.24 -10.94 66.49 -13.80 54.81 3.28 195.33 7.62 25.16

Ke(Applying CAPM) 48.68 -27.14 29.61 9.38 60.45 16.64 109.40 -1.49 1.42

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return- Ke)

6714.97 5826.71 8249.88 -6241.98 -1013.17 -2408.46 5442.47 586.13 1292.48


6714.97 5826.71 8249.88 -6241.98 -1013.17 -2408.46 5442.47 586.13 1292.48

GRASIM


12012.81 -9263.49 4698.15 531.30 7958.66 1489.48 6891.39 487.31 415.33 -613.42


Shareholder Return 85.35 -39.23 24.48 2.81 ' 71.47 15.21 227.48 18.50 18.05 -20.53

Ke(Applying CAPM) 58.76 -24.09 25.97 10.44 50.48 10.53 78.51 -3.49 0.21 -32.18


3743.05 -3574.05 -284.72 -1443.05 2338.09 458.69 4513.00 579.25 410.39 347.90


3743.05 -3574.05 -284.72 -1443.05 2338.09 458.69 4513.00 579.25 410.39 347.90

HCL


17763.34 -9760.39 -2189.88 -1502.69 9453.25 4702.48 2998.45 -2880.50 -3013.80 -34530.61


Shareholder Return 259.70 -57.84 -11.32 -7.10 79.50 64.12 67.17 -38.73 -28.61 . -76.50

Ke(Applying CAPM) 58.76 -24.09 25.97 10.44 68.08 10.93 105.63 -33.56 -11.62 -53.84

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) '

13744.39 -5694.35 -7211.80 -3711.89 1358.08 3900.87 -1717.35 -385.09 -1789.84 -10227.81


13744.39 -5694.35 -7211.80 -3711.89 1358.08 3900.87 -1717.35 -385.09 -1789.84 -10227.81

HDFC


39163.70 -26388.41 29994.46 5864.95 15756.94 2796.79 8188.16 222.97 2037.57 1810.37



Ke(Applying CAPM) 82.94 -46.69 27.79 9.70 54.00 10.12 34.06 1.12 5.13 2.42


5847.31 5169.65 19308.93 2628.49 5950.67 1190.94 5430.21 129.72 1701.21 1687.97

Created Shareholder Value=Shareholder Value Added-(Equity Market Valuexl(e)

5847.31 • 5169.65 19308.93 2628.49 5950.67 1190.94 5430.21 129.72 1701.21 1687.97

HDFC BANK


47646.83 -5351.62 17010.17 6453.30 7533.28 6237.46 4270.99 43.32 1164.95 -401.34



Ke(Applying CAPM) 57.41 -38.00 28.70 9.52 48.13 12.74 41.59 0.92 3.35 -23.09


23873.72 12577.56 8263.37 4144.25 -592.50 4862.83 1519.63 -17.86 978.33 986.97


23873.72 12577.56 8263.37 4144.25 -592.50 4862.83 1519.63 -17.86 978.33 986.97

HERO HONDA


19635.36 7920.08 495.24 -3688.48 7238.11 1545.66 6438.31 -2643.05 4271.58 -17062.38


Shareholder Return 91.79 57.10 3.60 -20.74 66.14 15.78 171.31 -39.09 151.01 -85.52

Ke(Applying CAPM) 58.76 -8.45 17.30 9.02 51.06 10.32 74.74 -10.11 1.26 -7.01


7066.65 9092.43 -1884.68 -5292.67 1650.08 534.12 3629.24 -1959.86 4235.90 -15662.95


7066.65 9092.43 -1884.68 -5292.67 1650.08 534.12 3629.24 -1959.86 4235.90 -15662.95

HINDALCO


28031.27 -10999.03 7034.73 -4075.07 6388.01 1133.23 6742.73 -445.96 343.94 575.60


Shareholder Return 31 .6.70 -54.32 51.75 -22.63 53.14 10.04 136.41 -7.76 5.99 11.01

Ke(Applying CAPM) 91.00 -44.08 35.09 10.62 72.78 9.85 61.18 0.52 3.27 -5.97


19976.87 -2072.65 2265.16 -5987.20 -2359.99 21.05 3718.67 -475.74 155.84 887.56


19976.87 -2072.65 2265.16 -5987.20 -2359.99 21.05 3718.67 -475.74 155.84 887.56

HUL

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12) Mar 02(12) Mar 01(12) Shareholder Value Added 1907.94 3585.94 6513.78 -13263.62 31928.43 -3841.07 2930.93 -15694.53 2412.48 -8307.27


Shareholder Return 3.69 7.20 14.38 -22.15 109.93 -11.30 8.98 -31.67 5.00 -14.49

Ke(Applying CAPM) 31.22 -11.93 20.49 10.03 58.69 9.72 60.43 -13.51 1.58 -19.60

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) -14254.36 9528.79 -2766.96 -19266.75 14881.40 -7144.52 -16801.14 -8997.70 1648.42 2925.73


-14254.36 9528.79 -2766.96 -19266.75 14881.40 -7144.52 -16801.14 -8997.70 1648.42 2925.73

ICICI


70560.92 -46924.80 10840.54 25655.22 24576.12 11776.62 11668.80 6674.76 573.51 -842.73

Equity Market Value 37050.29 85609.60 76745.18 ' 52415.44 28939.93 18263.93 8194.33 2730.26 3257.37 4870.31


Ke(Applying CAPM) 100.40 -63.20 30.30 9.73 72.19 11.20 65.70 -8.10 -1.31 -64.68


33361.49 7180.76 -12411.54 20554.76 3684.07 9731.36 6285.09 6895.93 616.34 2307.20


33361.49 7180.76 -12411.54 20554.76 3684.07 9731.36 6285.09 6895.93 616.34 2307.20

7

IDEA


Shareholder Value Added 6082.45 -11520.47 2523.51 5164.28


Shareholder Return 39.16 -42.59 10.29 26.67

Ke(Applying CAPM) 77.56 -40.17 27.79 9.82

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) -5964.54 -653.31 -4292.95 3262.81

Created Shareholder Value=Shareholder Value Added-(Equity Market ValuexKe) -5964.54 -653.31 -4292.95 3262.81

IDFC

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12)

Shareholder Value Added 14120.98 -12380.93 10275.47 2061.41 638.01

Equity Market Value 7007.46 19543.93 9424.03 7475.52 6950.00

Shareholder Return 201.51 -63.35 109.03 27.58 9.18

Ke(Applying CAPM) 99.06 -54.51 37.82 10.41 58.69

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) 7179.45 -1727.50 6711.20 1283.14 -3441.09

Created Shareholder Value=Shareholder Value Added-(Equity Market ValuexKe) 7179.45 -1727.50 6711.20 1283.14 -3441.09

INFOSYS


75862.45 -5290.20 -31202.50 33967.56 22580.24 28446.54 6924.55 2216.65 -2077.50 -27514.63


Shareholder Return 100.18 -6.42 -27.02 41.28 37.05 86.44 25.79 8.94 -7.69 -50.39

Ke(Applying CAPM) 50.03 -23.23 21.63 9.64 67.50 10.59 98.10 -24.94 -9.93 -52.79


37979.73 13838.92 -56183.30 26033.36 -18554.66 24960.40 -19411.28 8403.22 605.31 1310.44


37979.73 13838.92 -56183.30 26033.36 -18554.66 24960.40 -19411.28 8403.22 605.31 1310.44

ITC


34486.15 -6561.06 22180.73 -15250.79 40928.26 8412.50 10781.05 -1322.94 -2398.21 662.62


Shareholder Return 49.43 -8.44 39.01 -20.81 122.27 32.56 69.33 -7.67 -12.01 3.39

Ke(Applying CAPM) 45.32 -14.54 23.23 9.91 56.34 9.72 46.11 -7.70 2.31 -17.15


2864.07 4736.93 8970.58 -22511.80 22067.10 5901.32 3610.96 4.83 -2859.31 4016.78


2864.07 4736.93 8970.58 -22511.80 22067.10 5901.32 3610.96 4.83 -2859.31 4016.78

JPSPL


47016.90 -13142.81 24617.47 1538.91 2677.13 1689.99 1122.87 299.37 -37.41 -51.54


Shareholder Return 252.10 -41.23 336.19 26.36 83.45 108.03 237.77 156.59 -15.74 -17.44

Ke(Applying CAPM) 80.25 -45.82 45.34 10.56 55.17 12.54 89.81 -27.14 -2.12 -27.28


32050.09 1463.69 21297.12 922.39 907.18 1493.78 698.73 351.26 -32.37 29.08


32050.09 1463.69 21297.12 922.39 907.18 1493.78 698.73 351.26 -32.37 29.08

JP ASSOCIATES

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) . Mar 06(12) Mar 05(12)

Shareholder Value Added 20310.08 -14636.94 14833.51 1810.70 6676.93 1527.83

Equity Market Value 11789.14 26540.33 11821.42 10089.54 3470.65 1985.12

Shareholder Return 172.28 -55.15 125.48 17.95 192.38 76.96

Ke(Applying CAPM) 107.79 -72.33 41.47 11.06 70.43 14.02

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) 7602.43 4558.35 9931.32 694.67 4232.53 1249.50

Created Shareholder Value=Shareholder Value Added-(Equity Market

ValuexKe) 7602.43 4558.35 9931.32 694.67 4232.53 1249.50

L&T


59638.64 -48758.61 43361.99 12860.28 20744.04 6195.80 2530.87 278.99 -825.05 -1876.54


Shareholder Return 151.66 -54.94 94.49 38.47 159.77 86.72 55.15 6.20 -15.01 -24.90

Ke(Applying CAPM) 89.66 -41.47 30.98 10.38 58.69 8.51 76.25 -6.70 -1.72 -30.43


24382.65 -11947.13 29144.69 9390.32 13123.75 5587.75 -968.35 580.18 -730.66 416.19


24382.65 -11947.13 29144.69 9390.32 13123.75 5587.75 -968.35 580.18 -730.66 416.19

M&M


20725.45 -5926.48 -1628.88 4222.74 9447.44 308.87 4342.26 -107.30 54.65 -1848.32


Shareholder Return 198.16 -35.56 -8.77 28.85 170.29 5.73 376.94 -8.11 4.13 -57.16

Ke(Applying CAPM) 89.66 -35.39 24.14 10.09 57.52 11.33 100.36 -20.33 -1.31 -33.57


11348.33 -28.65 -6113.53 2746.68 6256.39 -301.94 3186.13 161.65 72.07 -762.64

Created Shareholder Value=Shareholder Value Added-(Equity

11348.33 -28.65 -6113.53

Market ValuexKe)

2746.68 6256.39 -301.94 3186.13 161.65 72.07 -762.64

MUL

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12)

Shareholder Value Added 18614.39 -1261.54 341.02 -1433.49 13192.80 -2142.94 9671.34

Equity Market Value 22537.67 23900.30 23703.78 25267.27 12175.57 14376.31 4748.27

Shareholder Retum 82.59 -5.28 1.44 -5.67 108.35 -14.91 203.68

Ke(Applying CAPM) 53.38 -24.09 22.32 10.50 67.50 12.48 115.43

Created Shareholder Value=Equity Mkt Valuex(Shareholder Retum-Ke)

6582.93 4497.15 -4949.32 -4086.43 4974.80 -3936.42 4190.45


6582.93 4497.15 -4949.32 -4086.43 4974.80 -3936.42 4190.45

NTPC

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12)

Shareholder Value Added 25725.87 -10842.91 41103.79 15954.98 42546.74 13289.68


Shareholder Return 17.35 -6.69 33.18 14.43 60.49 22.52

Ke(Applying CAPM) 45.32 -27.14 34.63 9.17 41.67 11.94

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) -41486.69 33146.56 -1798.04 5816.50 13237.36 6243.68


ValuexKe) -41486.69 33146.56 -1798.04 5816.50 13237.36 6243.68

ONGC

ParticularsrYear Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12) Mar 02(12) Mar 01(12) Shareholder Value Added

75181.93 -36008.27 28179.82 8034.61 67168.46 12063.39 72608.36 15806.44 22237.39 1418.81



Ke(Applying CAPM) 58.76 -30.18 32.58 9.79 67.50 12.41 89.06 0.12 1.83 -8.76


-22870.15 27283.10 -33194.15 -10271.59 -18036.58 -2811.12 27463.35 15760.52 21892.03 3089.81


-22870.15 27283.10 -33194.15 -10271.59 -18036.58 -2811.12 27463.35 15760.52 21892.03 3089.81

PNB

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12)

Shareholder Value Added 1449765.85 -17798.27 164196.40 93661.53 122380.22 96165.24 222052.18 36017.80

Equity Market Value 729209.54 747701.47 584135.68 490884.04 368819.12 272873.07 50995.07 15083.38

Shareholder Return 198.81 -2.38 28.11 19.08 33.18 35.24 435.44 238.79

Ke(Applying CAPM) 61.44 -34.52 30.30 9.97 65.15 14.83 101.11 -18.32


1001709.19 240329.17 -12783.72 44733.36 -117898.54 55705.26 170489.44 38781.54


1001709.19 240329.17 -12783.72 44733.36 -117898.54 55705.26 170489.44 38781.54

POWERGRID

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12)

Shareholder Value Added 5492.55 -631.31 3776.63

Equity Market Value 40236.51 41372.90 38101.34

Shareholder Return, 13.65 -1.53 9.91

Ke(Applying CAPM) 58.76 -28.44 34.40

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) -18149.37 11135.01 -9330.75

Created Shareholder Value—Shareholder Value Added-(Equity Market ValuexKe) -18149.37 11135.01 -9330.75

RANBAAXY

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12) Mar 02(12) Mar 01(12) Shareholder Value

Added 13134.09 -11465.20 5302.88 -2666.98 -21142.04 20419.40 6215.00 -4305.74 9839.17 -1523.51


Shareholder Return 188.54 -62.20 40.39 -16.55 -56.27 116.89 53.72 -26.48 147.62 -18.34

Ke(Applying CAPM) 59.43 -21.49 22.32 9.32 54.00 8.31 52.14 -5.50 -0.43 -8.41

Created Shareholder Value=Equity Mkt Valuex(Shareholder

Return-Ke)

8994.05 -7504.71 2372.74 -4168.20 -41429.58 18967.97 182.47 -3412.19 9867.78 -824.89

Created Shareholder Value=Shareholder Value Added-(Equity

Market ValuexKe)

8994.05 -7504.71 2372.74 -4168.20 -41429.58 18967.97 182.47 -3412.19 9867.78 -824.89

RELIANCE INFRA


12988.70 -17649.69 18324.33 -1573.01 3259.21 -3467.18 10490.81 -44.15 551.96 -403.88


Shareholder Return 111.44 -59.89 162.22 -12.11 33.14 -25.89 353.28 -1.44 21.38 -13.28

Ke(Applying CAPM) 101.07 -70.59 46.26 9.82 65.74 14.42 87.55 -1.09 2.87 -18.55

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Re) '

1208.46 3154.08 13099.26 -2848.58 -3206.15 -5398.56 7890.94 -10.78 477.82 160.03


1208.46 3154.08 13099.26 -2848.58 -3206.15 -5398.56 7890.94 -10.78 477.82 160.03

Reliance Capital

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12), Mar 02(12) Mar 01(12) Shareholder Value Added

10070.06 -21387.96 13932.37 4444.33 8947.37 636.05 1099.75 -14.85 -89.63 -1153.82


Shareholder Return 115.74 -70.71 84.69 38.32 392.09 37.77 177.02 -2.21 -11.21 -57.97

Ke(Applying CAPM) 101.07 -70.59 46.26 9.82 65.74 14.42 87.55 -1.09 2.87 -18.55


1276.07 -36.71 6322.82 3305.59 7447.33 393.13 555.84 -7.55 -112.59 -784.68


1276.07 -36.71 6322.82 3305.59 7447.33 393.13 555.84 -7.55 -112.59 -784.68

RCOM

Particulars/Year Mar 10(12) Mar 09(12) 'Mar 08(12) Mar 07(12) Mar 06(12)

Shareholder Value Added -330.24 -34396.89 9327.49 43129.71 -1021.06


Shareholder Return -1.83 -65.38 21.68 2794280.17 -350277.19

Ke(Applying CAPM) 101.07 -70.59 46.26 9.82 65.74

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) -18568.78 2736.59 -10576.11 43129.56 -1021.25

Created Shareholder Value=Shareholder Value Added-(Equity Market ValuexKe) -18568.78 2736.59 -10576.11 43129.56 -1021.25

RIL


-143065.87 -38526.91 174899.97 85197.08 40958.58 2515.22 37178.97 -2707.63 -11757.67 9170.99


Shareholder Return -28.69 -10.35 87.82 73.70 53.84 3.36 95.77 -6.46 -21.62 19.99

Ke(Applying CAPM) 78.91 -47.56 33.26 10.03 66.91 12.27 78.51 -20.13 -2.93 -19.94


-536541.61 138494.15 108657.05 73607.24 -9941.70 -6684.51 6700.57 5729.52 -10167.14 18319.07


-536541.61 138494.15 108657.05 73607.24 -9941.70 -6684.51 6700.57 5729.52 -10167.14 18319.07

R POWER

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12)

Shareholder Value Added 11288.93 -47198.36 51718.92

Equity Market Value 24531.25 71866.41 7447.49

Shareholder Return 46.02 -65.68 694.45

Ke(Applying CAPM) 72.19 -40.61 33.95

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) -6420.50 -18016.35 49190.84

Created Shareholder Value=Shareholder Value Added-(Equity Market ValuexKe) -6420.50 -18016.35 49190.84

SIEMENS

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12) Mar 02(12) Mar 01(12)

Shareholder Value Added

16083.75 -11574.35 2460.16 -77207.01 90097.36 2434.79 2357.41 112.68 30.69 -159.09


Shareholder Return 177.94 -55.69 13.38 -80.70 1596.55 74.77 253.78 13.40 3.69 -15.86

Ke(Applying CAPM) 81.60 -36.26 26.42 10.82 44.61 9.65 45.36 -6.10 3.60 -17.15


8708.38 -4038.66 -2398.66 -87563.81 87580.13 2120.45 1936.08 163.96 0.80 12.97

Created Shareholder Value=Shareholder Value Added-(Equity 1 Market ValuexKe)

8708.38 -4038.66 -2398.66 -87563.81 87580.13 2120.45 1936.08 163.96 0.80 12.97

SBI



66122.66 -31947.39 23919.26 13182.04 17246.85 3313.06 18333.66 3213.06 1442.07 -328.94



Ke(Applying CAPM) 81.60 -40.61 29.84 9.70 64.56 13.95 85.29 -9.10 -0.35 -21.69


10843.61 9306.87 5179.63 8237.09 -5002.32 -1136.22 6213.79 4266.81 1478.96 2106.19


10843.61 9306.87 5179.63 8237.09 -5002.32 -1136.22 6213.79 4266.81 1478.96 2106.19

SAIL



418987.77 -219138.38 251747.88 11998.81 130396.73 21581.34 138719.48 20672.65 7806.46 -5059.74


Shareholder Return 95.06 -33.15 61.29 3.00 48.21 . 8.62 124.39 22.76 9.40 -5.74

Ke(Applying CAPM) 90.33 -48.43 41.24 11.48 89.80 16.44 132.76 -29.15 -0.19 -52.44


20866.65 100948.62 82352.65 -33905.21 -112470.87 -19558.91 -9334.01 47151.97 7962.30 41144.87

Created Shareholder Value=Shaieholder Value Added-(Equity Market ValuexKe)

20866.65 100948.62 82352.65 -33905.21 -112470.87 -19558.91 -9334.01 47151.97 7962.30 41144.87

STERLITE


99336.66 -37525.71 50020.38 44905.43 3619.27 838.17 3422.09 -1102.64 994.67 -1202.34


Shareholder Return 131.39 -33.10 90.03 414.95 50.28 19.26 352.85 -52.45 88.47 -50.41

Ke(Applying CAPM) 97.04 -51.03 36.91 11.80 73.36 11.20 4.67 8.34 0.70 -33.92


25967.45 20335.60 29513.70 43628.39 -1661.22 350.76 3376.79 -1277.87 986.82 -393.23


25967.45 20335.60 29513.70 43628.39 -1661.22 350.76 3376.79 -1277.87 986.82 -393.23

SUN PHARMA


14380.34 -2157.15 4247.42 4037.83 7397.03 2727.15 4841.29 -1813.83 605.81 -148.69



Ke(Applying CAPM) 49.35 -4.98 16.39 9.11 42.26 9.12 43.10 1.12 3.76 -24.84

Created Shareholder Value--Equity Mkt Valuex(Shareholder Return-Ke)

3018.96 -890.09 898.43 2583.39 3739.76 2176.30 4297.17 -1848.80 510.35 525.06


3018.96 -890.09 898.43 2583.39 3739.76 2176.30 4297.17 -1848.80 510.35 525.06

SUZLON

. Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12)

Shareholder Value Added 5113.05 -32859.73 25.40 -8493.21 30418.21


Shareholder Return 80.58 -83.21 0.09 -22.68 505.10

Ke(Applying CAPM) 106.45 -60.16 32.35 10.74 95.08

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) -1641.38 -9103.30 -9297.48 -12513.02 24692.22

Created Shareholder Value=Shareholder Value Added-(Equity Market ValuexKe) -1641.38 -9103.30 -9297.48 -12513.02 24692.22

TATA MOTORS

ParticularsfYear Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12) Mar 02(12) Mar 01(12) Shareholder Value Added

34768.53 -14564.59 -3487.00 -7062.56 20982.57 -1858.37 12206.43 1076.33 2262.62 -1980.82


Shareholder Return 375.13 -60.67 -12.42 -19.80 141.04 -10.84 245.20 26.71 135.39 -54.24

Ke(Applying CAPM) 84.28 -42.78 24.37 10.38 73.36 14.89 104.88 -21.13 0.13 -24.84


26957.02 -.4294.52 -10326.68 -10766.36 10068.21 -4412.87 6985.32 1927.78 2260.37 -1073.78


26957.02 -4294.52 -10326.68 -10766.36 10068.21 -4412.87 6985.32 1927.78 2260.37 -1073.78

TATA POWER

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12) Mar 02(12) Mar 01(12) Shareholder Value

Added 15789.13 -8624.75 14675.25 -1258.58 4597.86 -218.54 5363.89 126.80 366.24 706.64


Shareholder Return 92.77 -33.36 145.59 -10.92 64.78 -2.93 239.53 5.66 18.55 51.71

Ke(Applying CAPM) 54.73 -37.56 35.31 9.11 69.26 14.89 97.35 -13.11 0.05 -54A9

Created Shareholder Value=Equity Mkt

Valuex(Shareholder

Return-Ke)

6474.63 1088.39 11115.65 -2308.67 -317.56 -1330.36 3183.97 420.68 365.17 1447.22


6474.63 1088.39 11115.65 -2308.67 -317.56 -1330.36 3183.97 420.68 365.17 1447.22

TATA STEEL


60477.60 -29187.11 51250.26 -3877.20 12559.54 6264.07 9897.91 125.10 595.82 1228.73


Shareholder Return 107.67 -34.09 173.30 -12.02 63.26 44.99 237.73 3.00 16.23 48.36

Ke(Applying CAPM) 98.39 -55.38 33.49 11.06 75.13 13.48 106.39 -17.92 -0.59 -24.14


5214.83 18223.50 41346.25 -7443.98 -2356.35 4386.71 5468.39 871.97 617.48 1842.04


5214.83 18223.50 41346.25 -7443.98 -2356.35 4386.71 5468.39 871.97 617.48 1842.04

TCS

• Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12)

Shareholder Value Added 102924.28 -22693.70 -40063.87 28438.13 26097.16 63884.30


Shareholder Return 195.29 -28.61 -33.18 30.34 37.96 1774.52

Ke(Applying CAPM) 59.43 -31.92 23.00 9.94 68.08 10.39

Created Shareholder Value=Equity Mkt Valuex(Shareholder Return-Ke) 71603.67 2618.88 -67838.13 19123.89 -20711.54 63510.18


ValuexKe) 71603.67 2618.88 -67838.13 19123.89 -20711.54 63510.18

UNITECH



7668.64 -39152.20 13591.91 28154.35 3082.84 318.06 56.77 -9.80 25.36 -6.43



Ke(Applying CAPM) 121.90 -65.81 43.29 8.64 31.69 10.12 40.84 -3.49 6.58 A.22

Created Shareholder Value-Equity Mkt Valuex(Shareholder Return-Ke)

762.38 -9645.28 -23.29 27853.32 2950.11 307.36 35.25 -7.53 22.58 -4.28

Created Shareholder Value-Shareholder Value Added-(Equity Market ValuexKe)

762.38 -9645.28 -23.29 27853.32 2950.11 307.36 35.25 -7.53 22.58 -4.28

WIPRO


68636.16 -38208.47 -5922.34 2684.33 33445.23 15966.71 3673.01 -10828.75 8442.59 -88489.09

Equity Market Value 36024.35 74818.12 81616.46 79799.23 47204.69 31681.93 28683.88 39530.45 . 31111.11 119595.53

Shareholder Return 190.53 -51.07 -7.26 3.36 70.85 50.40 12.81 -27.39 27.14 -73.99

Ke(Applying CAPM) 54.06 -35.83 22.77 10.56 81.58 14.09 113.92 -28.55 -10.90 -63.63


49163.02 -11403.89 -24510.08 -5741.39 -5065.14 11503.31 -29004.26 455.40 11832.40 -12393.23


49163.02 -11403.89 -24510.08 -5741.39 -5065.14 11503.31 -29004.26 455.40 11832.40 -12393.23

ZEE


24092.48 -7983.13 -5432.93 818.79 -4540.86 -28424.66 5309.66 -19242.58 14959.82 -157351.49


Shareholder Return 225.75 -42.61 -22.40 3.55 -16.41 -50.64 10.44 -27.44 27.10 -74.16

Ke(Applying CAPM) 52.04 -28.44 25.28 9.52 61.63 8.11 94.33 -29.55 -12.10 -59.08


18538.69 -2654.72 -11565.29 -1380.04 -21592.94 -32975.59 -42674.67 1480.01 21640.43 -31985.85


18538.69

•

-2654.72 -11565.29 -1380.04 -21592.94 -32975.59 -42674.67 1480.01 21640.43 -31985.85

Ke is calculated in Appendix 6

APPENDIX E: CALCULATION OF SHAREHOLDER VALUE ADDED

ABB

Particulars/Year Dec 10

(12) Dec 09

(12) Dec 08

(12) Dec 07

(12) Dec 06

(12) Dec 05

(12) Dec 04

(12) Dec 03

(12) Dec 02

(12) Dec 01

(12) Dec 00

(12)

Equity Market Price 830.00 426.70 1179.95 3549.70 2928.05 1163.85 797.15 286.25 265.35 238.55 206.65

No of Equity Shares 21.19 21.19 21.19 21.19 4.24 4.24 4.24 4.24 4.24 4.24 4.24

Equity Market Value 17587.70 9041.77 25003.14 75218.14 12409.08 4932.40 3378.32 1213.13 1124.55 1010.97 875.78 Increase In Equity Market Value 8545.93 -15961.37 -50215.00 62809.07 7476.68 1554.07 2165.19 88.57 113.58 135.19

Add : Dividends 42.38 42.38 46.62 46.62 42.38 33.91 29.67 25.43 25.43 20.71 20.71

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 8588.31 -15918.99 -50168.38 62855.69 7519.06 1587.98 2194.86 114.00 139.01 155.90 20.71

ACC -

.

Particulars/Year Dec 10

(12) Dec 09

(12) Dec 08

(12) Dec 07

(12) Dec 06

(12) Dec 05

(12) Dec 04

(12) Dec 03

(12) Dec 02

(12) Dec 01

(12) Dec 00

(12)



Equity Market Value 17874.98 10795.27 15521.71 13810.20 14664.69 6660.08 4551.61 2456.99 2625.13 2222.02 2611.02

Increase In Equity Market Value 7079.71 -4726.43 1711.51 -854.48 8004.61 2108.47 2094.62 -168.14 403.12 -389.00

Add : Dividends 572.63 431.76 375.33 375.02 428.53 124.97 70.88 42.73 51.24 34.14

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 . 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 196.00 0.00 0.00


SHAREHOLDER VALUE ADDED 7652.34 -4294.67 2086.84 -479.46 8433.14 2233.44 2165.50 -125.41 258.36 -354.86 0.00

AMBUJA Particulars/Year Dec 10 Dec 09 Dec 08 Dec 07 Dec 06 Jun 05 Jun 04 Jun 03 Jun 02 Jun 01 Dec 00(12)

Equity Market Price 119.85 70.60 121.05 106.70 103.30 400.50 295.50 160.00 200.10 153.55 215.25 No of Equity Shares 152.99 152.37 152.26 152.24 151.69 135.19 17.94 15.53 15.52 14.71 17.10 Equity Market Value 18335.25 10757.32 18431.07 16244.01 15669.06 54143.60 5301.27 2484.80 3104.95 2258.87 3680.56 Increase In Equity Market Value 7577.93 -7673.75 2187.07 574.95 -38474.53 48842.33 2816.47 -620.15 846.08 -1421.69

Add : Dividends 397.22 365.59 334.97 532.65 461.24 189.16 142.07 108.71 93.11 73.57 Add: Bonus 0.00 0.00 0.00 0.00 90.13 3.70 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 616.39 0.00 2.25 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 7975.15 -7308.16 2522.04 1107.60 -37923.16 48418.79 2958.54 -513.69 939.19 -1348.12 0.00

AIRTEL

Particulars/Year Mar 10 (12)

Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Equity Market Price 312.55 625.75 826.25 763.90 412.75 207.40 155.80 28.20 38.55 44.35

No of Equity Shares 379.75 189.82 189.79 189.59 189.39 185.61 185.34 185.34 185.34 185.34


Increase In Equity Market Value -90.26 -38032.45 11984.72 66660.20 39674.59 9619.80 23649.00 -1918.24 -1074.95

Add : Dividends 379.79 379.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Convertible Debentures Converted 0.07 0.10 0.10 1.90 36.95 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 289.46 -37652.90 11984.62 66658.30 39637.64 9619.80 23649.00 -1918.24 -1074.95

AXIS BANK

Particulars/Year Mar 10

(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)




Increase In Equity Market Value 31149.97 -11543.88 10814.31 7514.66 3405.76 2551.64 3159.93 -7.20 438.74 -267.57

Add : Dividends 486.22 359.01 214.63 126.73 97.54 76.66 57.90 47.71 28.72 19.79

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


Less : Convertible Debentures Converted 0.00 . 0.00 0.00 0.00 0.00 9.81 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 31636.19 -11184.87 11028.94 7641.39 3503.30 2618.49 3217.83 40.51 467.46 -247.78 0.00


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)




Increase In Equity Market Value 43082.66 -26962.76 45558.40 474.83 36115.56 3966.34 9330.25 1325.38 644.94 242.31

Add : Dividends 1140.58 832.18 746.52 599.66 354.90 195.81 146.86 97.91 97.91 73.43

Add: Bonus 0.00 0.00 244.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00




SHAREHOLDER VALUE ADDED 44223.24 -26130.58 46549.68 1074.49 36470.46 4152.34 9477.11 1423.29 742.85 315.74 0.00

BPCL


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)


No of Equity Shares 36.15 36.15 36.15 36.15 36.15 30.00 30.00 30.00 30.00 30.00 30.00 Equity Market Value 18729.58 13595.71 14770.72 10945.62 15376.30 10605.00 14377.50 6658.50 9856.50 5746.50 8440.50 Increase In Equity Market Value 5133.87 -1175.01 3825.09 -4430.67 4771.30 -3772.50 7719.00 -3198.00 4110.00 -2694.00 Add : Dividends 506.16 253.08 144.62 578.46 90.39 375.00 525.00 450.00 330.00 225.00 Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00




SHAREHOLDER VALUE ADDED 5640.03 -921.93 3969.71 -3852.21 4861.69 -3397.50 8244.00 -2748.00 4440.00 -2469.00 0.00

CAIRN

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12)

Equity Market Price 305.65 184.10 224.10 132.15 137.40

No of Equity Shares 189.70 189.67 177.84 176.53 143.65


Increase In Equity Market Value 23063.19 -4936.25 16525.37 3590.92 19737.65

Add : Dividends 506.16 253.08 144.62 578.46 90.39

Add: Bonus 0.00 0.00 0.00 0.00 61.54

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00

Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 23569.35 ' -4683.17 16669.99 4169.38 19889.58

CIPLA


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)

Equity Market Price 338.35 220.05 220.00 236.80 662.25 255.80 1173.85 713.80 1017.30 998.10 1201.10 No of Equity Shares 80.29 77.73 77.73 77.73 29.99 29.99 6.00 6.00 6.00 6.00 6.00 Equity Market Value 27166.12 17104.49 17100.60 18406.46 19857.57 7670.16 7039.58 4280.66 6100.75 5985.61 7203.00 Increase In Equity Market Value 10061.64 3.89 -1305.86 -1451.10 12187.40 630.58 2758.92 -1820.09 115.14 -1217.39 Add : Dividends 1140.58 832.18 746.52 599.66 354.90 195.81 146.86 97.91 97.91 73.43 Add: Bonus 0.00 0.00 0.00 93.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 11202.22 836.07 -559.34 -758.17 12542.30 826.39 2905.78 -1722.18 213.05 -1143.96 0.00

DLF Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12)

Equity Market Price 309 167 646 570

No of Equity Shares 170 170 170 153

Equity Market Value 52433 28394 110087 87145

Increase In Equity Market Value 24039 -81693 22942 -91864

Add : Dividends 339 339 682 341

Add: Bonus 0 0 0 0

Add : Other Payments to shareholders 0 2 0 0

Less : Outlays by Shareholders 0 0 0 0

Less : Convertible Debentures Converted 0 0 0 0

SHAREHOLDER VALUE ADDED 24378 -81352 23624 -91523

GAIL


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Equity Market Price 410.60 245.60 425.45 264.55 318.50 212.20 213.20 74.90 76.10 64.40 No of Equity Shares 126.85 126.85 84.57 84.57 84.57 84.57 84.57 84.57 84.57 84.57 Equity Market Value 52083.79 31153.87 35978.18 22371.67 26933.95 17944.69 18029.26 6333.92 6435.40 5445.99 Increase In Equity Market Value 20929.92 -4824.31 13606.51 -4562.28 8989.26 -84.56 11695.34 -101.48 989.41 5445.99 Add : Dividends 951.36 887.93 845.65 845.65 845.65 676.52 676.52 591.96 380.54 338.26 Add: Bonus • 0.00 0.00 422.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 21881.28 -3936.38 14874.99 -3716.63 9834.91 591.96 12371.86 490.48 1369.95 5784.25

GRA SEVI


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)

Equity Market Price 2814.85 1535.00 2575.30 2092.90 2062.45 1214.45 1068.00 330.40 287.25 250.95 325.85 No of Equity Shares 9.17 9.17 9.17 9.17 9.17 9.17 9.17 9.17 9.17 9.17 9.17


Increase In Equity Market Value 11737.76 -9538.51 4423.13 279.20 7775.31 1342.80 6763.05 395.64 332.83 -686.76

Add : Dividends 275.05 275.02 275.02 252.10 183.35 146.68 128.34 91.67 82.50 73.34

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00




SHAREHOLDER VALUE ADDED 12012.81 -9263.49 4698.15 531.30 7958.66 1489.48 6891.39 487.31 415.33 -613.42 0.00


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)




Increase In Equity Market Value 17488.29 -10035.41 -2464.90 -1819.88 9269.90 4555.80 2870.11 -2972.17 -3096.30 -34603.95

Add : Dividends 275.05 275.02 275.02 252.10 183.35 146.68 128.34 91.67 82.50 73.34

Add: Bonus 0.00 0.00 0.00 65.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00




SHAREHOLDER VALUE ADDED 17763.34 -9760.39 -2189.88 -1502.69 9453.25 4702.48 2998.45 -2880.50 -3013.80 -34530.61 0.00


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)




Increase In Equity Market Value 37843.50 -27422.01 29141.10 5089.76 15200.33 2297.66 7764.66 -231.92 1768.72 1506.09

Add : Dividends 1320.20 1033.60 853.36 710.10 556.61 499.13 423.50 332.93 268.85 304:28 150.11

Add: Bonus 0.00 0.00 0.00 65.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00




SHAREHOLDER VALUE ADDED 39163.70 -26388.41 29994.46 5864.95 15756.94 2796.79 8188.16 222.97 2037.57 1810.37 150.11

HDFC BANK


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)

Equity Market Price 1933.50 973.40 1331.25 954.15 774.25 544.85 378.75 234.55 236.60 228.35 247,15 No of Equity Shares 45.77 42.54 35.44 31.94 31.31 30.99 28.48 28.21 28.14 24.36 24.33 Equity Market Value 88504.03 41406.49 47183.49 30474.60 24244.86 16883.81 10786.42 6615.48 6657:21 5562.61 6012.67 Increase In Equity Market Value 47097.54 -5777.00 16708.90 6229.73 7361.05 6097.39 4170.94 -41.73 1094.61 -450.06 Add : Dividends 549.29 425.38 301.27 223.57 172.23 140.07 100.05 85.05 70.34 48.72 Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 47646.83 -5351.62 17010.17 6453.30 7533.28 6237.46 4270.99 43.32 1164.95 -401.34 0,00

HERO HONDA


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)




Increase In Equity Market Value 17438.80 7520.70 115.83 -4027.95 6838.73 1146.28 6038.93 -3002.49 3932.09 -17122.28

Add : Dividends 2196.56 399.38 379.41 339.47 399.38 399.38 399.38 359.44 339.49 59.90

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00




SHAREHOLDER VALUE ADDED 19635.36 7920.08 495.24 -3688.48 7238.11 1545.66 6438.31 -2643.05 4271.58 -17062.38 0.00

HINDALCO


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)

Equity Market Price 181.25 52.05 165.10 130.30 182.70 1295.55 1220.40 534.60 772.10 771.40 702.15 No of Equity Shares 191.37 170.05 122.65 104.33 98.57 9.28 9.25 9.25 7.45 7.45 7.45 Equity Market Value 34685.81 8851.10 20249.52 13594.20 18008.74 12020.11 11286.26 4942.91 5749.06 5744.62 5228.91 Increase In Equity Market Value 25834.71 -11398.41 6655.32 -4414.54 5988.63 733.85 6343.35 -806.15 4.44 515.70 Add : Dividends 2196.56 399.38 379.41 339.47 399.38 399.38 399.38 359.44 339.49 59.90 Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 . 0.00 0.75 0.01 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 28031.27 -10999.03 7034.73 -4075.07 6388.01 1133.23 6742.73 -445.96 .343.94 575.60 0.00

HUL


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)

Equity Market Price 239.55 237.50 228.80 205.20 .

272.00 131.95 154.40 148.35 225.15 219.25 260.50 No of Equity Shares 218.17 217.99 217.75 220.68 220.12 220.12 220.12 220.12 220.12 220.06 220.06 Equity Market Value 52262.62 51772.63 49821.20 45283.54 59872.64 29044.83 33986.53 32654.80 49560.02 48248.16 57325.63 Increase In Equity Market Value 490.00 1951.43 4537.66 -14589.10 30827.81 -4941.69 1331.73 -16905.22 1311.86 -9077.48 Add : Dividends 1417.94 1634.51 1976.12 1325.48 1100.62 1100.62 1599.20 1210.69 1100.62 770.21 Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 1907.94 3585.94 6513.78 -13263.62 31928.43 -3841.07 2930.93 -15694.53 2412.48 -8307.27 0.00

ICICI


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mat- 02 (12)

Mar 01 (12)

Mar 00 (12)

Equity Market Price 952.50 332.80 769.40 853.35 589.05 392.80 296.30 133.75 123.90 165.50 247.45 No of Equity Shares 111.49 111.33 111.27 89.93 88.98 73.68 61.64 61.27 22.04 19.68 19.68 Equity Market Value 106193.27 37050.29 85609.60 76745.18 52415.44 28939.93 18263.93 8194.33 2730.26 3257.37 4870.31 Increase In Equity Market Value 69142.98 -48559.31 8864.42 24329.74 23475.50 10676.00 10069.60 5464.07 -527.11 -1612.94 Add : Dividends 1417.94 1634.51 1976.12 1325.48 1100.62 1100.62 1599.20 1210.69 1100.62 770.21 Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 70560.92 -46924.80 10840.54 25655.22 24576.12 11776.62 11668.80 6674.76 573.51 -842.73 0.00

IDEA

Particulars/Year , Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12)

Equity Market Price 65.50 50.10 102.65 94.60 85.70

No of Equity Shares 329.98 310.01 263.54 259.29 225.95


Increase In Equity Market Value 6082.45 -11520.47 2523.51 5164.28 19364.17

Add : Dividends 0.00 0.00 0.00 0.00 0.00

Add: Bonus 0.00 0.00 0.00 0.00 0.00

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00

Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 6082.45 -11520.47 2523.51 5164.28 19364.17

IDFC


Equity Market Price 160.95 54.10 151.00 83.70 66.60 69.50 No of Equity Shares 130.06 129.53 129.43 112.59 112.25 100.00 Equity Market Value 20933.32 7007.46 19543.93 9424.03 7475.52 6950.00 Increase In Equity Market Value 13925.85 -12536.47 10119.90 1948.52 525.52 6950.00 Add : Dividends 195.13 155.54 155.57 112.89 112.49 100.00 Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 0.00 0.00

Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 14120.98 -12380.93 10275.47 2061.41 638.01 7050.00

INFOSYS


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)

Equity Market Price 2615.95 1323.90 1439.90 2018.65 2981.40 2257.20 4938.20 4052.85 3748.60 4083.75 8252.55 No of Equity Shares 57.40 57.20 57.20 57.20 27.60 27.00 6.66 6.62 6.62 6.62 6.62 Equity Market Value 150155.53 75727.08 82362.28 115466.78 82286.64 60944.40 32908.16 26846.08 24808.23 27018.09 54598.87 Increase In Equity Market Value 74428.45 -6635.20 -33104.50 33180.14 21342.24 28036.24 6062.09 2037.84 -2209.86 -27580.78 Add : Dividends 1434.00 1345.00 1902.00 649.00 1238.00 310.00 862.46 178.81 132.36 66.15 Add: Bonus 0.00 0.00 0.00 138.42 0.00 100.30 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 75862.45 -5290.20 -31202.50 33967.56 22580.24 28446.54 6924.55 2216.65 -2077.50 -27514.63 0.00


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)



Equity Market Value 100437.75 69769.78 77727.38 56865.65 73282.73 33474.75 25835.50 15549.82 17244.02 .19976.37 19559.18

Increase In E uity Market Value 30667.97 -7957.59 20861.72 -16417.08 39807.97 7639.25 10285.69 -1694.21 -2732.35 417.20

Add : Dividends 3818.18 1396.53 1319.01 1166.29 995.12 773.25 495.36 371.27 334.14 245.42

Add: Bonus 0.00 0.00 0.00 0.00 125.17 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 34486.15 -6561.06 22180.73 -15250.79 40928.26 8412.50 10781.05 -1322.94 -2398.21 662.62 0.00


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)




Increase In Equity Market Value 46822.81 -13228.14 24555.45 1483.48 2630.94 1643.80 1092.08 281.08 -46.44 -57.89

Add : Dividends 116.52 85.33 62.02 55.43 46.19 46.19 30.79 18.29 9.03 6.35

Add: Bonus 77.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4




SHAREHOLDER VALUE ADDED 47016.90 -13142.81 24617.47 1538.91 2677.13 1689.99 1122.87 299.37 -37.41 -51.54 0.00

JP ASSOCIATES

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Equity Market Price 149.55 84.10 226.55 539.20 469.15 196.95 112.65 No of Equity Shares 212.47 140.18 117.15 21.92 21.51 17.62 17.62 Equity Market Value 31774.14 11789.14 26540.33 11821.42 10089.54 3470.65 1985.12 Increase In Equity Market Value 19985.00 -14751.19 14718.91 1731.88 6618.89 1485.53 1985.12

Add : Dividends 183.62 114.25 114.60 78.82 58.04 42.30 26.44

Add: Bonus 141.46 0.00 0.00 0.00 0.00 0.00 0.00

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 20310.08 -14636.94 14833.51 1810.70 6676.93 1527.83 2011.56

L&T


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12) _

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)




Increase In Equity Market Value 58885.89 -49432.10 42866.67 12464.03 20441.79 5838.59 2555.71 92.19 -999.39 -2038.39

Add : Dividends 752.75 614.97 495.32 368.25 302.25 357.21 199.04 186.80 174.34 161.85

Add: Bonus 0.00 58.52 0.00 28.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00




SHAREHOLDER VALUE ADDED 59638.64 -48758.61 43361.99 12860.28 20744.04 6195.80 2530.87 278.99 -825.05 -1876.54 0.00


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)




Increase In Equity Market Value 20175.93 -6205.31 -1911.49 3940.51 9087.46 158.06 4237.85 -171.11 -1.56 -1909.09

Add : Dividends 549.52 278.83 282.61 282.23 243.97 150.81 104.41 63.81 56.21 60.77

Add: Bonus 0.00 0.00 0.00 0.00 116.01 0.00 0.00 0.00 0.00 0.00 0.00




SHAREHOLDER VALUE ADDED 20725.45 -5926.48 -1628.88 4222.74 9447.44 308.87 4342.26 -107.30 54.65 -1848.32 0.00

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Mar 03(12)

EqLnty Market Price 1417.95 779.85 827.00 820.20 874.30 421.30- 497.45 164.30

No of Equity Shares 28.90 28.90 28.90 28.90 28.90 28.90 28.90 28.90

Equity Market Value 40978.76 22537.67 23900.30 23703.78 25267.27 12175.57 14376.31 4748.27

Increase In Equity Market Value 18441.09 -1362.64 196.52 -1563.49 13091.70 -2200.74 9628.04 4748.27

Add : Dividends 173.30 101.10 144.50 130.00 101.10 57.80 43.30 42.70

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 18614.39 -1261.54 341.02 -1433.49 13192.80 -2142.94 9671.34 4790.97

NTPC

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12) Equity Market Price 207.25 179.85 196.60 150.25 134.10 85.30 75.55

No of Equity Shares 824.55 824.55 824.55 824.55 824.55 824.55 781.25

Equity Market Value 170887.99 148295.32 162106.53 123888.64 110572.16 70334.12 59023.44

Increase In Equity Market Value 22592.67 -13811.21 38217.89 13316.48 40238.04 11310.68 59023.44

Add : Dividends 3133.20 2968.30 2885.90 2638.50 2308.70 1979.00 1082.30 Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00


Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 25725.87 -10842.91 41103.79 15954.98 42546.74 13289.68 60105.74

ONGC


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)



Equity Market Value 234999.84 166876.20 209728.86 188393.43 186989.33 126237.58 119877.94 50691.81 39163.17 18922.09 19071.81 Increase In Equity Market Value 68123.65 -42852.66 21335.43 1404.10 60751.75 6359.65 69186.12 11528.64 20241.08 -149.72

Add : Dividends 7058.28 6844.39 6844.39 6630.51 6416.71 5703.74 3422.24 4277.80 1996.31 1568.53

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 75181.93 -36008.27 28179.82 8034.61 67168.46 12063.39 72608.36 15806.44 22237.39 1418.81 0.00

PNB


37.40 Equity Market Price 1012.75 411.45 510.25 474.20 470.40 393.35 334.35 101.75

No of Equity Shares 2150.86 1772.29 1465.36 1231.83 1043.55 937.64 816.13 501.18 403.30 Equity Market Value 2178278.40 729209.54 747701.47 584135.68 490884.04 368819.12 272873.07 50995.07 15083.38 Increase In Equity Market Value 1449068.86 -18491.93 163565.79 93251.64 122064.92 95946.06 221878.00 35911.68 15083.38 Add : Dividends 696.99 693.66 630.61 409.89 315.30 189.18 174.18 106.12 92.86 Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 30.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 1449765.85 -17798.27 164196.40 93661.53 122380.22 96165.24 222052.18 36017.80 15176.24

POWERGRID Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12)

Equity Market Price 107.15 95.60 98.30 100.60

No of Equity Shares 420.88 420.88 420.88 378.74


Increase In Equity Market Value 4861.21 -1136.39 3271.55 38101.34

Add : Dividends 631.34 505.08 505.08 368.82

Add: Bonus 0.00 0.00 0.00 0.00

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 0.00

Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 5492.55 -631.31 3776.63 38470.16

RANBAAXY


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)

Equity Market Price 475.40 165.70 438.45 351.90 432.35 1008.80 939.75 623.60 876.85 575.10 716.55 No of Equity Shares 42.10 42.04 42.04 37.31 37.27 37.24 18.59 18.55 18.55 11.59 11.59 Equity Market Value 20016.24 6966.36 18431.56 13128.69 16112.82 37571.75 17469.01 11570.27 16261.18 6665.41 8304.81 Increase In Equity Market Value 13049.88 -11465.20 5302.88 -2984.13 -21458.93 20102.73 5898.74 -4690.91 9595.77 -1639.41 Add : Dividends 84.21 0.00 0.00 317.15 316.89 316.67 316.26 315.63 243.40 115.90

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 69.54 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 13134.09 -11465.20 5302.88 -2666.98 -21142.04 20419.40 6215.00 -4305.74 9839.17 -1523.51 0.00

RELIANCE INFRA


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)


No of Equity Shares 24.49 22.61 23.56 22.86 21.24 18.56 17.53 13.78 13.78 . 13.78 13.78


Increase In Equity Market Value 12813.69 -17817.49 18176.60 -1694.13 3154.59 -3554.39 10420.32 -104.75 492.74 -458.97

Add : Dividends 173.86 157.69 147.73 121.12 104.62 87.21 70.49 60.60 59.22 55.09

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Add : Other Payments to shareholders 1.15 10.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 12988.70 -17649.69 18324.33 -1573.01 3259.21 -3467.18 10490.81 -44.15 551.96 -403.88 0.00

RELIANCE CAPITAL


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)

Equity Market Price 756.05 353.45 1228.80 668.30 519.10 178.50 131.60 48.60 52.65 62.55 155.70 No of Equity Shares 24.62 24.62 24.62 24.62 22.34 12.78 12.80 12.78 12.78 12.78 12.78 Equity Market Value 18610.93 8700.53 30248.14 16450.87 11596.69 2281.94 1684.09 621.25 673.02 799.58 1990.31 Increase In Equity Market Value 9910.40 -21547.62 13797.27 4854.18 9314.75 597.86 1062.83 -51.77 -126.55 -1190.74 Add : Dividends 159.66 159.66 135.10 85.97 71.32 38.19 36.92 36.92 36.92 36.92 Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 495.82 438.70 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 10070.06 -21387.96 13932.37 4444.33 8947.37 636.05 1099.75 -14.85 -89.63 -1153.82 0.00

RCOM


Equity Market Price 169.95 174.85 509.75 420.90 308.70 291.50

No of Equity Shares 103.20 103.20 103.20 102.23 0.01 0.00 Equity Market Value 17539.01 18044.69 52606.71 43029.03 1.54 0.29

Increase In Equity Market Value -505.68 -34562.01 9577.68 43027.48 1.25 0.29

Add : Dividends 175.44 165.12 154.80 102.23 0.00 0.00

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 404.99 0.00 1022.31 0.00

Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED -330.24 -34396.89 9327.49 43129.71 -1021.06 0.29

RIL


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)




Increase In Equity Market Value -147007.89 126428.57 173063.06 83565.84 39518.14 1118.84 36133.84 -3098.11 -12455.86 8507.71

Add : Dividends 2384.99 2084.67 1897.05 1631.24 1440.44 1393.51 1045.13 733.10 698.19 663.28 447.85

Add: Bonus 1626.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 2.87 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 69.77 167040.15 60.14 0.00 0.00 0.00 0.00 342.62 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED -143065.87 -38526.91 174899.97 85197.08 40958.58 2515.22 37178.97 -2707.63 11757.67 9170.99 447.85

R POWER


Equity Market Price 149.45 102.35 318.00 372.30

No of Equity Shares 239.68 239.68 226.00 20.00


Increase In Equity Market Value 11288.93 -47335.16 64418.92 7447.49

Add : Dividends 0.00 0.00 0.00 0.00

Add: Bonus 0.00 136.80 0.00 0.00

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 12700.00 999.95

Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 11288.93 -47198.36 51718.92 6447.54

SIEMENS


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)

Equity Market Price 740.15 268.10 616.40 1090.70 5674.80 1702.85 982.65 280.30 253.80 247.10 298.35 No of Equity Shares 33.72. 33.72 33.72 16.86 16.86 3.31 3.31 3.31 3.31 3.36 3.36 Equity Market Value 24954.16 9038.99 20781.93 18389.20 95677.13 5643.24 3256.50 928.91 841.09 831.00 1003.35 Increase In Equity Market Value 15915.17 -11742.93 2392.72 -77287.93 90033.88 2386.74 2327.59 87.82 10.10 -172.35 Add : Dividends 168.58 168.58 101.15 80.92 64.06 48.05 29.82 24.86 18.23 13.26 447.85 Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.36 0.00 Less : Outlays by Shareholders 0.00 0.00 33.71 0.00 0.58 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 16083.75 -11574.35 2460.16 -77207.01 90097.36 2434.79 2357.41 112.68 30.69 -159.09 447.85

SBI


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)


No of Equity Shares 63.50 63.49 63.49 63.15 52.63 52.63 52.63 52.63 52.63 52.63 52.63 Equity Market Value 131965.70 67748.04 101596.67 62796.53 50972.16 34462.12 31885.89 14210.10 11575.97 10581.26 11225.98 Increase In Equity MV 64217.66 -33848.63 38800.14 11824.38 16510.03 2576.24 17675.79 2634.13 994.71 -644.72

Add : Dividends 1905.00 1904.65 1841.15 1357.66 736.82 736.82 657.87 578.93 447.36 315.78 263.15

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.00 3.41 16722.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : CD Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 66122.66 -31947.39 23919.26 13182.04 17246.85 3313.06 18333.66 3213.06 1442.07 -328.94 263.15

SAIL


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)

Equity Market Price 2078.20 1067.10 1600.25 994.45 968.50 654.80 605.85 270.00 219.95 201.05 213.30 No of Equity Shares 413.04 413.04 413.04 413.04 413.04 413.04 413.04 413.04 413.04 413.04 413.04


Increase In Equity MV 417624.74 -220212.28 250219.63 10718.39 129570.65 20218.31 138719.48 20672.65 7806.46 -5059.74 Add : Dividends 1363.03 1073.90 1528.25 1280.42 826.08 1363.03 0.00 0.00 0.00 0.00 Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : CD Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SVA 418987.77 -219138.38 251747.88 11998.81 130396.73 21581.34 138719.48 20672.65 7806.46 -5059.74 0.00

STERLITE


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)




Increase In Equity MV 99047.89 -37773.68 57817.79 44737.90 3624.46 2845.14 3382.59 -1132.44 978.01 -1260.85

Add : Dividends 315.15 247.97 283.40 223.40 69.84 32.93 21.54 19.76 17.06 30.56



Less : CD Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

SVA 99336.66 -37525.71 50020.38 44905.43 3619.27 838.17 3422.09 -1102.64 994.67 -1202.34 0.00

SUN PHARMA


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 ' (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)

Equity Market Price 1792.00 1111.45 1229.35 1056.45 859.55 466.50 651.50 271.40 667.75 543.45 586.40 No of Equity Shares 20.71 20.71 20.71 19.34 18.57 18.55 9.28 4.65 4.68 4.68 4.63 Equity Market Value 37115.90 23020.35 25462.30 20431.74 15965.28 8654.51 6043.31 1262.55 3123.07 2540.63 2712.69 Increase In Equity Market Value 14095.55 -2441.94 5030.55 4466.46 7310.77 2611.19 4780.76 -1860.51 582.44 -172.06 Add : Dividends 284.79 284.79 217.47 130.01 102.30 69.57 60.29 46.52 23.39 23.38 Add: Bonus 0.00 0.00 0.00 0.00 0.00 46.39 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.24 0.18 0.00 0.00 Less : Outlays by Shareholders 0.00 0.00 1000.60 558.64 16.04 0.00 0.00 0.02 0.02 0.01 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 14380.34 -2157.15 4247.42 4037.83 7397.03 2727.15 4841.29 -1813.83 605.81 -148.69 0.00

SUZLON Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12)

Equity Market Price 71.85 42.35 263.80 1001.50 1302.20 692.85

No of Equity Shares 155.68 149.83 149.70 28.78 28.75 8.69


Increase In Equity Market Value 4839.95 -33144.24 10670.38 -8622.99 31419.90 6022.25

Add : Dividends 284.79 284.79 217.47 130.01 102.30 69.57

Add: Bonus 0.00 0.00 0.00 0.00 260.77 46.39

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00

Less : Outlays by Shareholders 11.69 0.28 10862.45 0.23 1364.76 0.00

Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 5113.05 -32859.73 25.40 -8493.21 30418.21 6138.21

TATA MOTORS


(12)

757.70

Mar 09 (12)

180.30

Mar 08 (12)

622.70

Mar 07 (12)

728.20

Mar 06 (12)

931.85

Mar 05 (12)

411.20

Mar 04 (12)

485.85

Mar 03 (12)

155.65

Mar 02 (12)

126.00

Mar 01 (12)

65.30

Mar 00 (12)

142.70 Equity Market Price



Increase In Equity Market Value 33966.04 -14739.25 -4057.98 -7612.18 20800.94 -2273.70 12172.35 948.42 2358.57 -1980.82

Add : Dividends 859.05 311.61 578.43 578.07 497.94 452.19 282.11 127.91 0.00 0.00

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00




SHAREHOLDER VALUE ADDED 34768.53 -14564.59 -3487.00 -7062.56 20982.57 -1858.37 12206.43 1076.33 2262.62 -1980.82 0.00


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)




Increase In Equity Market Value 15580.96 -8837.47 15777.28 -1446.80 4429A5 -367.14 5225.20 -1.98 267.18 607.58

Add : Dividends 285.05 255.26 241.38 188.22 168.41 148.60 138.69 128.78 99.06 99.06

Add: Bonus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


Less : Outlays by Shareholders 76.88 42.54 1343 Al 0.00 0.00 0.00 0.00 0.00 0.00 0.00


SHAREHOLDER VALUE ADDED 15789.13 -8624.75 14675.25 -1258.58 4597.86 -218.54 5363.89 126.80 366.24 706.64 0.00

TATA STEEL


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)

Equity Market Price 1373.65 768.60 1171.50 509.30 582.40 358.60 377.15 113.15 . 113.25 99.75 69.05 No of Equity Shares 88.74 73.08 73.08 58.07 55.37 55.37 36.92 36.80 36.80 36.80 36.80 Equity Market Value 121899.07 56168.52 85610.88 29573.52 32245.74 19854.61 13923.62 4163.58 4167.26 3670.50 2540.83 Increase In Equity Market Value 65730.56 -29442.36 56037.35 -2672.22 12391.13 5930.98 9760.04 -3.68 496.76 1129.67 Add : Dividends 285.05 255.26 241.38 188.22 168.41 148.60 138.69 128.78 99.06 99.06 Add: Bonus 0.00 0.00 0.00 0.00 0.00 184.49 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 5538.01 0.01 5028.47 1393.20 0.00 0.00 0.82 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 60477.60 -29187.11 51250.26 -3877.20 12559.54 6264.07 9897.91 125.10 595.82 1228.73 0.00

TCS

Particulars/Year Mar 10(12) Mar 09(12) Mar 08(12) Mar 07(12) Mar 06(12) Mar 05(12) Mar 04(12)

Equity Market Price 780.65 538.55 810.45 1233.85 1915.50 1432.05 987.95

No of Equity Shares 195.72 97.86 97.86 97.86 48.93 48.01 3.64

Equity Market Value 152788.82 52702.50 79310.64 120744.56 93725.42 68752.72 3600.09 Increase In Equity Market Value 100086.32 -26608.13 -41433.92 27019.15 24972.69 65152.63 3600.09

Add : Dividends 2740.10 3914.43 1370.05 1370.05 1125.39 660.56 552.13

Add: Bonus 97.86 0.00 0.00 48.93 0.00 9.11 0.00

Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00


Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00

SHAREHOLDER VALUE ADDED 102924.28 -22693.70 -40063.87 28438.13 26097.16 63884.30 4152.22

UNITECH


Mar 09 (12)

Mar 08 (12)

Mar 07 (12)

Mar 06 (12)

Mar 05 (12)

Mar 04 (12)

Mar 03 (12)

Mar 02 (12)

Mar 01 (12)

Mar 00 (12)

Equity Market Price 73.60 34.90 276.20 387.45 2790.55 335.30 84.65 42.20 52.05 33.75 40.90 No of Equity Shares 243.88 162.34 162.34 81.17 1.25 1.25 1.25 1.25 1.25 1.25 1.25 Equity Market Value 17949.57 5665.67 44838.31 31449.32 3485.40 418.79 105.73 52.71 65.01 42.15 51.08 Increase In Equity Market Value 12283.90 -39172.64 13388.99 27963.92 3066.61 313.06 53.02 -12.30 22.86 -8.93 Add : Dividends 48.77 20.44 40.58 40.58 16.23 5.00 3.75 2.50 2.50 2.50 Add: Bonus 0.00 0.00 162.34 149.85 0.00 0.00 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 4664.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Convertible Debentures Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 7668.64 -39152.20 13591.91 28154.35 3082.84 318.06 56.77 -9.80 25.36 -6.43 0.00

WIPRO


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12) Equity Market Price 706.95 245.90 432.10 559.40 559.70 670.95 1361.20 1233.45 1700.60 1338.40 5145.00 No of Equity Shares 146.80 146.50 173.15 145.90 142.58 70.36 23.28 23.26 23.25 23.25 23.25 Equity Market Value 103780.26 36024.35 74818.12 81616.46 79799.23 47204.69 31681.93 28683.88 39530.45 31111.11 119595.53 Increase In Equity Market Value 67755.91 -38793.77 -6798.35 1817.23 32594.54 15522.76 2998.05 -10846.57 8419.34 -88484.42 Add : Dividends 880.90 586.00 876.50 873.70 712.88 351.79 675.00 23.26 23.25 11.62 Add: Bonus 0.00 0.00 0.00 0.00 141.18 93.13 0.00 0.00 0.00 0.00 Add : Other Payments to shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Less : Outlays by Shareholders 0.65 0.70 0.49 6.60 3.37 0.97 0.04 5.44 0.00 16.29 Less : CD Converted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 68636.16 -38208.47 -5922.34 2684.33 33445.23 15966.71 3673.01 -10828.75 8442.59 -88489.09 0.00


(12) Mar 09

(12) Mar 08

(12) Mar 07

(12) Mar 06

(12) Mar 05

(12) Mar 04

(12) Mar 03

(12) Mar 02

(12) Mar 01

(12) Mar 00

(12)



Equity Market Value 34569.86 10672.06 18735.86 24255.58 23087.63 27669.98 56135.89 50867.48 70132.74 55195.62 212179.80 Increase In Equity Market Value 23897.80 -8063.80 -5519.73 1167.96 -4582.35 -28465.91 5268.41 -19265.27 14937.13 -156984.18

Add : Dividends 194.68 86.80 86.80 65.04 43.47 41.25 41.25 22.69 22.69 22.69


Less : Outlays by Shareholders 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 390.00 Less : Convertible Debentures Converted 0.00 6.14 0.00 414.20 1.97 0.00 0.00 0.00 0.00 0.00 SHAREHOLDER VALUE ADDED 24092.48 -7983.13 -5432.93 818.79 -4540.86 -28424.66 5309.66 -19242.58 14959.82 -157351.49 0.00

Source: Capitaline database

APPENDIX F: CALCULATION OF COST OF EQUITY

ABB

SR.NO. YEAR Rf R. 11 Ke 1 2000-01 9.76 -25.19 0.73 -15.75

2 2001-02 7.30 -0.75 0.53 3.03

3 2002-03 5.93 -14.11 0.39 -1.89

4 2003-04 4.67 80.02 0.42 36.32

5 2004-05 5:15 11.87 0.58 9.05

6 2005-06 5.87 64.56 0.49 34.63

7 2006-07 7.07 10.03 0.94 9.85

8 2007-08 7.50 30.30 0.83 26.42

9 2008-09 7.19 -36.26 0.89 -31.48

10 2009-10 4.35 71.52 0.81 58.76

ACC

SR.NO. YEAR Rf R. 11 Ke 1 2000-01 9.76 -25.19 1.25 -33.92

2 2001-02 7.30 -0.75 1.28 -3.01

3 2002-03 5.93 -14.11 0.87 -11.51

4 2003-04 4.67 80.02 1.26 99.61

5 2004-05 5.15 11.87 0.73 10.06

6 2005-06 5.87 64.56 0.77 51.06

7 2006-07 7.07 10.03 1.00 10.03

8 2007-08 7.50 30.30 0.79 25.51

9 2008-09 7.19 -36.26 0.70 -23.23

10 2009-10 4.35 71.52 , 0.80 58.09

AMBUJA

SR.NO. YEAR Rf R. 11 ice 1 2000-01 9.76 -25.19 1.00 -25.19

2 2001-02 7.30 -0.75 0.72 1.50

3 2002-03 5.93 -14.11 0.56 -5.29

4 2003-04 4.67 80.02 1.02 81.52

5 2004-05 5.15 11.87 0.85 10.86

6 2005-06 5.87 64.56 0.84 55.17

7 2006-07 7.07 10.03 0.96 9.91

8 2007-08 7.50 30.30 0.36 15.71

9 2008-09 7.19 -36.26 0.88 -31.05

10 2009-10 4.35 71.52 0.76 55.40

clxxxiv

AXIS

SR.NO. YEAR Rf R. P Ke

1 2000-01 9.76 -25.19 1.14 -30.08

2 2001-02 7.30 -0.75 1.02 -0.91

3 2002-03 5.93 -14.11 0.83 -10.71

4 2003-04 4.67 80.02 0.67 55.15

5 2004-05 5.15 11.87 1.21 13.28

6 2005-06 5.87 64.56 0.61 41.67

7 2006-07 7.07 10.03 0.99 10.00

8 2007-08 7.50 30.30 0.86 27.11

9 2008-09 7.19 -36.26 1.38 -52.77

10 2009-10 4.35 71.52 1.19 84.28

BHEL


1 2000-01 9.76 -25.19 1.06 -27.28

2 2001-02 7.30 -0.75 1.06 -1.23

3 2002-03 5.93 -14.11 0.67 -7.50

4 2003-04 4.67 80.02 1.05 83.78

5 2004-05 5.15 11.87 1.21 13.28

6 2005-06 5.87 64.56 0.61 41.67

7 2006-07 7.07 10.03 1.09 10.29

8 2007-08 7.50 30.30 1.10 32.58

9 2008-09 7.19 -36.26 1.02 -37.13

10 2009-10 4.35 71.52 0.93 66.82

BPCL


1 2000-01 9.76 -25.19 0 .46 0. -6.32

2 2001-02 7.30 -0.75 0 .92 0. -0.11

3 2002-03 5.93 -14.11 1 . 04 1. -14.92

4 2003-04 4.67 80.02 0.93 74.74

5 2004-05 5.15 11.87 0.82 10.66

6 2005-06 5.87 64.56 0.46 32.87

7 2006-07 7.07 10.03 0.66 9.02

8 2007-08 7.50 30.30 0.71 23.69

9 2008-09 7.19 -36.26 0.52 -15.40

10 2009-10 4.35 71.52 0.45 34.58

clxxxv

BHARTI AIRTEL


1 2000-01 9.76 -25.19 0.00 9.76

2001-02 7.30 -0.75 1.31 -3.25

3 2002-03 5.93 -14.11 0.65 -7.10

4 2003-04 4.67 80.02 0.70 57.41

5 - 2004-05 5.15 11.87 0.98 11.74

6 2005-06 5.87 64.56 0.98 63.39

7 2006-07 7.07 10.03 0.94 9.85

8 2007-08 7.50 30.30 0.78 25.28

9 2008-09 7.19 -36.26 0.96 -34.52

10 2009-10 4.35 71.52 0.96 68.83

CAIRN INDIA

SR.NO. YEAR Rf R. P 2000-01 9.76 -25.19 0.00 9.76

2 2001-02 7.30 -0.75 0.00 7.30

3 2002-03 5.93 -14.11 0.00 5.93

4 2003-04 4.67 80.02 0.00 4.67

5 2004-05 5.15 11.87 0.00 5.15

6 2005-06 5.87 64.56 0.00 5.87

7 2006-07 7.07 10.03 0.58 8.78

8 2007-08 7.50 30.30 0.96 29.39 9 2008-09 7.19 -36.26 1.00 -36.26

10 2009-10 4.35 71.52 0.91 65.47

CIPLA

SR.NO. YEAR Rf R. P lc 1 2000-01 9.76 -25.19 0.65 -12.96

2 2001-02 7.30 -0.75 0.59 2.55

3 2002-03 5.93 -14.11 0.34 -0.88

2003-04 4.67 80.02 0.49 41.59

5 2004-05 5.15 11.87 0.85 10.86

6 2005-06 5.87 64.56 0.72 48.13

7 2006-07 7.07 10.03 0.78 9.38

8 2007-08 7.50 30.30 0.53 19.58

2008-09 7.19 -36.26 0.51 -14.97

10 2009-10 4.35 71.52 0.51 38.61

clxxxvi

DLF

SR.NO. YEAR Rf R. 13 Ke

1 2000-01 9.76 -25.19 0.00 9.76

2 2001-02 7.30 -0.75 0.00 7.30

3 2002-03 5.93 -14.11 0.00 5.93

4 2003-04 4.67 80.02 0.00 4.67

5 2004-05 5.15 11.87 0.00 5.15

6 2005-06 5.87 64.56 0.00 5.87

7 2006-07 7.07 10.03 0.00 7.07

8 2007-08 7.50 30.30 1.29 36.91

9 2008-09 7.19 -36.26 1.54 -59.72

10 2009-10 4.35 71.52 1.61 112.49

GAIL

SR.NO . YEAR Rf R. 13 Ke

1 2000-01 9.76 -25.19 0.00 9.76

2 2001-02 7.30 -0.75 0.73 1.42

3 2002-03 5.93 -14.11 0.37 -1.49

4 2003-04 4.67 80.02 1.39 109.40

5 2004-05 5.15 11.87 1.71 16.64

6 2005-06 5.87 64.56 0.93 60.45

7 2006-07 7.07 10.03 0.78 9.38

8 2007-08 7.50 30.30 0.97 29.61

9 2008-09 7.19 -36.26 0.79 -27.14

10 2009-10 4.35 71.52 0.66 48.68

GRASIM


1 2000-01 9.76 -25.19 1.20 -32.18

2 2001-02 7.30 -0.75 0.88 0.21

3 2002-03 5.93 -14.11 0.47 -3.49

4 2003-04 4.67 80.02 0.98 78.51

5 2004-05 5.15 11.87 0.80 10.53

6 2005-06 5.87 64.56 0.76 50.48

7 2006-07 7.07 10.03 1.14 10.44

8 2007-08 7.50 30.30 0.81 25.97

9 2008-09 7.19 -36.26 0.72 -24.09

10 2009-10 4.35 71.52 0.81 58.76

clxxxvii

HCL TECH


1 2000-01 9.76 -25.19 1.82 -53.84

2 2001-02 7.30 -0.75 2.35 -11.62

3 2002-03 5.93 -14.11 1.97 -33.56

4 2003-04 4.67 80.02 1.34 105.63

5 ___ 2004-05 5.15 11.87 0.86 10.93

6 2005-06 5.87 64.56 1.06 68.08

7 2006-07 7.07 10.03 1.14 10.44

8 2007-08 7.50 30.30 0.81 25.97

9 2008-09 7.19 -36.26 0.72 -24.09

10 2009-10 4.35 71.52 0.81 58.76

HDFC BANK


1 2000-01 9.76 -25.19 0.94 -23.09

2 2001-02 7.30 -0.75 0.49 3.35

3 2002-03 5.93 -14.11 0.25 0.92

4 2003-04 4.67 80.02 0.49 41.59

5 2004-05 5.15 11.87 1.13 12.74

6 2005-06 5.87 64.56 0.72 48.13

7 2006-07 7.07 10.03 0.83 9.52

8 2007-08 7.50 30.30 0.93 28.70

9 2008-09 7.19 -36.26 1.04 -38.00

10 2009-10 4.35 71.52 0.79 57.41

HERO HONDA


1 2000-01 9.76 -25.19 0.48 -7.01

2 2001-02 7.30 -0.75 0.75 1.26

3 2002-03 5.93 -14.11 0.80 -10.11

2003-04 4.67 80.02 0.93 74.74

5 2004-05 5.15 11.87 0.77 10.32

6 2005-06 5.87 64.56 0.77 51.06

7 2006-07 7.07 10.03 0.66 9.02

8 2007-08 7.50 30.30 0.43 17.30

9 2008-09 7.19 -36.26 0.36 -8.45

10 2009-10 4.35 71.52 0.81 . 58.76

clxxxviii

HINDALCO


1 2000-01 9.76 -25.19 0.45 -5.97

2 2001-02 7.30 -0.75 0.50 3.27

3 2002-03 5.93 -14.11 0.27 0.52

4 2003-04 4.67 80.02 0.75 61.18

5 2004-05 5.15 11.87 0.70 9.85

6 2005-06 5.87 64.56 1.14 72.78 7 2006-07 7.07 10.03 1.20 10.62 8 2007-08 7.50 30.30 1.21 35.09 9 2008-09 7.19 -36.26 1.18 -44.08 10 2009-10 4.35 71.52 1.29 91.00

HUL


1 2000-01 9.76 -25.19 0.84 -19.60

2 2001-02 7.30 -0.75 0.71 1.58

3 2002-03 5.93 -14.11 0.97 -13.51

4 2003-04 4.67 80.02 0.74 60.43

5 2004-05 5.15 11.87 0.68 9.72

6 2005-06 5.87 64.56 0.90 58.69 7 2006-07 7.07 10.03 1.00 10.03 8 2007-08 7.50 30.30 0.57 20.49 9 2008-09 7.19 -36.26 0.44 -11.93 10 2009-10 4.35 71.52 0.40 31.22

HDFC


1 2000-01 9.76 -25.19 0.21 2.42

2 2001-02 7.30 -0.75 0.27 5.13

3 2002-03 5.93 -14.11 0.24 1.12

4 2003-04 4.67 80.02 0.39 34.06

5 2004-05 5.15 11.87 0.74 10.12 6 2005-06 5.87 64.56 0.82 54.00 7 2006-07 7.07 10.03 0.89 9.70 8 2007-08 7.50 30.30 0.89 27.79 9 2008-09 7.19 -36.26 1.24 -46.69 10 2009-10 4.35 71.52 1.17 82.94

ITC

SR.NO. YEAR Rf R. P 1 2000-01 9.76 -25.19 0.77 -17.15

2 2001-02 7.30 -0.75 0.62 2.31

3 2002-03 5.93 -14.11 0.68 -7.70

4 2003-04 4.67 80.02 0.55 46.11

5 2004-05 5.15 11.87 0.68 9.72

2005-06 5.87 64.56 0.86 56.34

7 2006-07 7.07 10.03 0.96 9.91

8 2007-08 7.50 30.30 0.69 23.23

9 2008-09 7.19 -36.26 0.50 -14.54

10 2009-10 4.35 71.52 0.61 45.32

ICICI BANK


2000-01 9.76 -25.19 2.13 -64.68

2 2001-02 7.30 -0.75 1.07 -1.31

3 2002-03 5.93 -14.11 0.70 -8.10

4 2003-04 4.67 80.02 0.81 65.70

5 2004-05 .

5.15 11.87 0.90 11.20

6 2005-06 5.87 64.56 1.13 72.19

7 2006-07 7.07 10.03 0.90 9.73

8 2007-08 7.50 30.30 1.00 30.30

9 2008-09 7.19 -36.26 1.62 -63.20

10 2009-10 4.35 71.52 1.43 100.40

IDEA


1 2000-01 9.76 -25.19 0.00 9.76

2 2001-02 7.30 -0.75 0.00 7.30

3 2002-03 5.93 -14.11 0.00 5.93

4 2003-04 4.67 80.02 0.00 4.67

5 2004-05 5.15 11.87 0.00 5.15

6 2005-06 5.87 64.56 0.00 5.87

7 2006-07 7.07 10.03 0.93 9.82

8 2007-08 7.50 30.30 0.89 27.79

9 2008-09 7.19 -36.26 1.09 -40.17

10 2009-10 4.35 71.52 1.09 77.56

CXC

INFOSYS

SR.NO. YEAR Rf Rm i3 Ke 1 2000-01 9.76 -25.19 1.79 -52.79

2 2001-02 7.30 -0.75 2.14 -9.93

3 2002-03 5.93 -14.11 1.54 -24.94

4 2003-04 4.67 80.02 1.24 98.10

5 2004-05 5.15 11.87 0.81 10.59

6 2005-06 5.87 64.56 1.05 • 67.50

7 2006-07 7.07 10.03 0.87 9.64

8 2007-08 7.50 30.30 0.62 21.63

9 2008-09 7.19 -36.26 0.70 -23.23

10 2009-10 4.35 71.52 0.68 50.03

IDFC

SR.NO. YEAR Rf Rm 13 Ke 1 2000-01 9.76 -25.19 0.21 2.42

2 2001-02 7.30 -0.75 0.27 5.13

3 2002-03 5.93 -14.11 0.24 1.12

4 2003-04 4.67 80.02 0.39 34.06

5 2004-05 5.15 11.87 0.74 10.12

6 2005-06 5.87 64.56 0.90 58.69

7 2006-07 7.07 10.03 1.13 10.41

8 2007-08 7.50 30.30 1.33 37.82

9 2008-09 7.19 -36.26 1.42 -54.51

10 2009-10 4.35 71.52 1.41 99.06

JP ASS CIATES

SR.NO. YEAR Rf Rm 13 Ke 1 2000-01 9.76 -25.19 0.00 9.76

2 2001-02 7.30 -0.75 0.00 7.30

3 2002-03 5.93 -14.11 0.00 5.93

4 2003-04 4.67 80.02 0.00 4.67

5 2004-05 5.15 11.87 1.32 14.02

6 2005-06 5.87 64.56 1.10 70.43

7 2006-07 7.07 10.03 1.35 11.06

8 2007-08 7.50 30.30 1.49 41.47

9 2008-09 7.19 -36.26 1.83 -72.33

10 2009-10 4.35 71.52 1.54 107.79

cxci

JSPL

SR.NO. YEAR Rf Rm 13 K. 1 2000-01 9.76 -25.19 1.06 -27.28

2 2001-02 7.30 -0.75 1.17 -2.12

3 2002-03 5.93 -14.11 1.65 -27.14

4 2003-04 4.67 80.02 1.13 89.81

2004-05 5.15 11.87 1.10 12.54

6 2005-06 5.87 64.56 0.84 55.17 7 2006-07 7.07 10.03 1.18 10.56 8 2007-08 7.50 30.30 1.66 45.34

9 2008-09 7.19 -36.26 1.22 -45.82 10 2009-10 4.35 71.52 1.13 80.25

L&T

SR.NO. YEAR Rf Rm 13 IC,

1 2000-01 9.76 -25.19 1.15 -30.43

2 2001-02 7.30 -0.75 1.12 -1.72

3 2002-03 5.93 -14.11 0.63 -6.70

4 2003-04 4.67 80.02 0.95 76.25

5 2004-05 5.15 11.87 0.50 8.51

6 2005-06 5.87 64.56 0.90 58.69 7 2006-07 7.07 10.03 1.12 10.38

8 2007-08 7.50 30.30 1.03 30.98 9 2008-09 7.19 -36.26 1.12 -41.47 10 2009-10 4.35 71.52 1.27 89.66

M&M

SR.NO. YEAR Rf Rm 13 ic 1 2000-01 9.76 -25.19 1.24 -33.57

2 2001-02 7.30 -0.75 1.07 -1.31

3 2002-03 5.93 -14.11 1.31 -20.33

4 2003-04 4.67 80.02 1.27 100.36

5 2004-05 5.15 11.87 0.92 11.33

6 2005-06 5.87 64.56 0.88 57.52 7 2006-07 7.07 10.03 1.02 10.09 8 2007-08 7.50 30.30 0.73 24.14

9 2008-09 7.19 -36.26 0.98 -35.39 10 2009-10 4.35 71.52 1.27 89.66

cxcii

MUL

SR.NO. YEAR Rf R., I) Ke

1 2000-01 9.76 -25.19 0 .00 0. 9.76

2 2001-02 7.30 -0.75 0. 00 7.30

3 2002-03 5.93 -14.11 aoo 5.93

4 2003-04 4.67 80.02 1. 47 115.43

5 2004-05 5.15 11.87 1. 09 12.48

6 2005-06 5.87 64.56 l.05 67.50

7 2006-07 7.07 10.03 1.16 10.50

8 2007-08 7.50 30.30 0.65 22.32

9 2008-09 7.19 -36.26 0.72 -24.09

10 2009-10 4.35 71.52 0.73 53.38

NTPC

SR.NO. YEAR Rf R., I) Ke •

1 2000-01 9.76 -25.19 0.00 9.76

2 2001-02 7.30 -0.75 0. 00 7.30

3 2002-03 5.93 -14.11 0.00 5.93

4 2003-04 4.67 80.02 0. 00 4.67

5 2004-05 5.15 11.87 1. 01 11.94

6 . 2005-06 5.87 64.56 0 . 61 0. 41.67

7 2006-07 7.07 10.03 0.71 9.17

8 2007-08 7.50 30.30 1.19 34.63

9 2008-09 7.19 -36.26 0.79 -27.14

10 2009-10 4.35 71.52 0.61 45.32

ONGC

SR.NO. YEAR Rf R., I) Ke

1 2000-01 9.76 -25.19 0.53 -8.76

2 2001-02 7.30 -0.75 0.68 1.83

3 2002-03 5.93 -14.11 0.29 0.12

4 2003-04 4.67 80.02 1.12 89.06

5 2004-05 5.15 11.87 1.08 12.41

6 2005-06 5.87 64.56 1.05 67.50

7 2006-07 7.07 10.03 0.92 9.79

8 2007-08 7.50 30.30 1.10 32.58

9 2008-09 7.19 -36.26 0.86 -30.18

10 2009-10 4.35 71.52 0.81 58.76

cxciii

POWERGRID


1 2000-01 9.76 -25.19 0.00 9.76

2 2001-02 7.30 -0.75 o.00 7.30

3 • 2002-03 5.93 -14.11 o.00 5.93

4 2003-04 4.67 80.02 o.00 4.67

2004-05 5.15 11.87 o.00 5.15

6 2005-06 5.87 64.56 o.00 5.87

7 2006-07 7.07 10.03 o.00 7.07

8 2007-08 7.50 30.30 1.18 34.40

9 2008-09 7.19 -36.26 0.82 -28.44

10 2009-10 4.35 71.52 0.81 58.76

PNB


1 2000-01 9.76 -25.19 0.9 -21.69

2 2001-02 7.30 -0.75 0.95 -0.35

3 2002-03 5.93 -14.11 1.21 -18.32

4 2003-04 4.67 80.02 1.28 101.11

5 2004-05 5.15 11.87 1.44 14.83

6 2005-06 5.87 64.56 1.01 65.15

7 2006-07 7.07 10.03 0.98 9.97

8 2007-08 7.50 30.30 1.00 30.30

9 2008-09 7.19 -36.26 0.96 -34.52

10 2009-10 4.35 71.52 0.85 61.44

RANBAXY


1 2000-01 9.76 -25.19 0.52 -8.41

2 2001-02 7.30 -0.75 0.96 -0.43

3 2002-03 5.93 -14.11 0.57 -5.50

4 2003-04 4.67 80.02 0.63 52.14

5 2004-05 5.15 11.87 0.47 8.31

6 2005-06 5.87 64.56 0.82 54.00

7 2006-07 7.07 10.03 0.76 9.32

8 2007-08 7.50 30.30 0.65 22.32

9 2008-09 7.19 -36.26 0.66 -21.49

10 2009-10 4.35 71.52 0.82 59.43

cxciv

RELIANCE CAPITAL


1 2000-01 9.76 -25.19 1.77 -52.10

2 2001-02 7.30 -0.75 1.52 -4.94

3 2002-03 5.93 -14.11 1.48 -23.73

4 2003-04 4.67 80.02 1.12 89.06

5 2004-05 5.15 11.87 1.24 13.48

6 2005-06 5.87 64.56 1.57 98.02 7 2006-07 7.07 10.03 1.52 11.56

8 2007-08 7.50 30.30 1.79 48.31

9 2008-09 7.19 -36.26 1.57 -61.03 10 2009-10 4.35 71.52 1.61 112.49

RCOM

SR.NO. YEAR Rf R. P Ice

1 2000-01 9.76 -25.19 0.00 9.76

2 2001-02 7.30 -0.75 o.00 7.30

3 2002-03 5.93 -14.11 o.00 5.93

4 2003-04 4.67 80.02 o.00 4.67

5 2004-05 5.15 11.87 o.00 5.15

6 2005-06 5.87 64.56 1.53 95.67 7 2006-07 7.07 10.03 1.24 10.74

2007-08 7.50 30.30 1.18 34.40 9 2008-09 7.19 -36.26 1.50 -57.99 10 2009-10 4.35 71.52 1.38 97.04

RIL

SR.NO. YEAR Rf R. P IC, 1 2000-01 9.76 -25.19 0.85 -19.94

2 2001-02 7.30 -0.75 1.27 -2.93

3 2002-03 5.93 -14.11 1.30 -20.13

4 2003-04 4.67 80.02 0.98 78.51 5 2004-05 5.15 11.87 1.06 12.27

6 2005-06 5.87 64.56 1.04 66.91 7 2006-07 7.07 10.03 1.00 10.03

8 2007-08 7.50 30.30 1.13 33.26

9 2008-09 7.19 -36.26 1.26 -47.56

10 2009-10 4.35 71.52 1.11 78.91

CXCV

RELIANCE INFRA

SR.NO. YEAR Rf R. P Ke 1 2000-01 9.76 -25.19 0.81 -18.55 2 2001-02 7.30 -0.75 0.55 2.87 3 2002-03 5.93 -14.11 0.35 -1.09 4 2003-04 4.67 80.02 1.10 87.55 5 2004-05 5.15 11.87 1.38 14.42 6 - 2005-06 5.87 64.56 1.02 65.74 7 2006-07 7.07 10.03 0.93 9.82 8 2007-08 7.50 30.30 1.70 46.26 9 2008-09 7.19 -36.26 1.79 -70.59 10 2009-10 4.35 71.52 1.44 101.07

RPOWER


1 2000-01 9.76 -25.19 1.83 -54.19

2 2001-02 7.30 -0.75 0.90 0.05

3 2002-03 5.93 -14.11 0.95 -13.11

4 2003-04 4.67 80.02 1.23 97.35

5 2004-05 5.15 11.87 1.45 14.89

6 2005-06 5.87 64.56 1.08 69.26 7 2006-07 7.07 10.03 0.69 9.11 8 2007-08 7.50 30.30 1.16 33.95 9 2008-09 7.19 -36.26 1.10 -40.61 10 2009-10 4.35 71.52 1.01 72.19

SIEMENS


1 2000-01 9.76 -25.19 0.77 -17.15

2 2001-02 7.30 -0.75 0.46 3.60

3 2002-03 5.93 -14.11 0.60 -6.10

4 2003-04 4.67 80.02 0.54 45.36

5 2004-05 5.15 11.87 0.67 9.65

6 2005-06 5.87 64.56 0.66 44.61 7 2006-07 7.07 10.03 1.27 10.82 8 2007-08 7.50 30.30 0.83 26.42 9 2008-09 7.19 -36.26 1.00 -36.26

. 10 2009-10 4.35 71.52 1.15 81.60

cxcvi

SBI

SR.NO. YEAR Rf R. P Ke 1 2000-01 9.76 -25.19 0.90 -21.69

2 2001-02 7.30 -0.75 0.95 -0.35

3 2002-03 5.93 -14.11 0.75 -9.10

4 2003-04 4.67 80.02 1.07 85.29

5 2004-05 5.15 11.87 1.31 13.95

6 2005-06 5.87 64.56 1.00 64.56

7 2006-07 7.07 10.03 0.89 9.70

8 2007-08 7.50 30.30 0.98 29.84

9 2008-09 7.19 -36.26 1.10 -40.61

10 2009-10 4.35 71.52 1.15 81.60

SAIL


1 2000-01 9.76 -25.19 1.78 -52.44

2 2001-02 7.30 -0.75 0.93 -0.19

3 2002-03 5.93 -14.11 1.75 -29.15

4 2003-04 4.67 80.02 1.70 132.76

5 2004-05 5.15 11.87 1.68 16.44

6 2005-06 5.87 64.56 1.43 89.80

7 2006-07 7.07 10.03 1.49 11.48

8 2007-08 7.50 30.30 1.48 41.24

9 2008-09 7.19 -36.26 1.28 -48.43

10 2009-10 4.35 71.52 1.28 90.33

STERLITE


1 2000-01 9.76 -25.19 1.25 -33.92

2 2001-02 7.30 -0.75 0.82 0.70

3 2002-03 5.93 -14.11 -0.12 8.34

4 2003-04 4.67 80.02 o. 0.00 4.67

5 2004-05 5.15 11.87 0.90 11.20

6 2005-06 5.87 64.56 1.15 73.36

7 2006-07 7.07 10.03 1.60 11.80

8 2007-08 7.50 30.30 1.29 36.91

9 2008-09 7.19 -36.26 1.34 -51.03

10 2009-10 4.35 71.52 1.38 97.04

cxcvii

SUN PHARMA

SR.NO. YEAR Rf R. 13 Ke 1 2000-01 9.76 -25.19 0.99 -24.84

2 2001-02 7.30 -0.75 0.44 3.76

3 2002-03 5.93 -14.11 0.24 1.12

4 2003-04 4.67 80.02 0.51 43.10

2004-05 5.15 11.87 0.59 9.12

6 2005-06 5.87 64.56 0.62 42.26 7 2006-07 7.07 10.03 0.69 9.11 8 2007-08 7.50 30.30 0.39 16.39 9 2008-09 7.19 -36.26 0.28 -4.98 10 2009-10 4.35 71.52 0.67 49.35

SUZLON

SR.NO. YEAR Rf R. 13 Ke 1 2000-01 9.76 -25.19 o.00 9.76

2 2001-02 7.30 -0.75 o.00 7.30

3 2002-03 5.93 -14.11 o.00 5.93

4 2003-04 4.67 80.02 o.00 4.67

5 2004-05 5.15 11.87 o.00 5.15

6 2005-06 5.87 64.56 1.52 95.08 7 2006-07 7.07 10.03 1.24 10.74 8 2007-08 7.50 30.30 1.09 32.35 9 2008-09 7.19 -36.26 1.55 -60.16 10 2009-10 4.35 71.52 . 1.52 106.45

TCS

SR.NO. YEAR Rf R. 13 Ke 1 2000-01 9.76 -25.19 1.79 -52.79

2 2001-02 7.30 -0.75 2.14 -9.93

3 2002-03 5.93 -14.11 1.54 -24.94

4 2003-04 4.67 80.02 1.24 98.10

5 2004-05 5.15 11.87 0.78 10.39

6 2005-06 5.87 64.56 1.06 68.08 7 2006-07 7.07 10.03 0.97 9.94 8 2007-08 7.50 30.30 0.68 23.00 9 2008-09 7.19 -36.26 0.90 -31.92 10 2009-10 4.35 71.52 0.82 59.43

cxcviii

TATA MOTOR


1 2000-01 9.76 -25.19 0.99 -24.84

2 2001-02 7.30 -0.75 0.89 0.13

3 2002-03 5.93 -14.11 1.35 -21.13

4 2003-04 4.67 80.02 1.33 104.88

5 2004-05 5.15 11.87 1.45 14.89

6 2005-06 5.87 64.56 1.15 73.36 7 2006-07 7.07 10.03 1.12 10.38 8 2007-08 7.50 30.30 0.74 24.37 9 2008-09 7.19 -36.26 1.15 -42.78

10 2009-10 4.35 71.52 1.19 84.28

TATA POWER


1 2000-01 9.76 -25.19 1.83 -54.19

2 2001-02 7.30 -0.75 0.90 0.05

3 2002-03 5.93 -14.11 0.95 -13.11

4 2003-04 4.67 80.02 1.23 97.35

5 2004-05 5.15 11.87 1.45 14.89

6 2005-06 5.87 64.56 1.08 69.26 7 2006-07 7.07 10.03 0.69 9.11

8 2007-08 7.50 30.30 1.22 35.31 9 2008-09 7.19 -36.26 1.03 -37.56

10 2009-10 4.35 71.52 0.75 54.73

TATA STEEL


1 2000-01 9.76 -25.19 0.97 -24.14

2001-02 7.30 -0.75 0.98 -0.59

3 2002-03 5.93 -14.11 1.19 -17.92

4 2003-04 4.67 80.02 1.35 106.39

5 2004-05 5.15 11.87 1.24 13.48

6 2005-06 5.87 64.56 1.18 75.13

7 2006-07 7.07 10.03 1.35 11.06 8 2007-08 7.50 30.30 1.14 33.49 9 2008-09 7.19 -36.26 1.44 -55.38 10 2009-10 4.35 71.52 1.40 98.39

cxcix

UNITECH

SR.NO. YEAR Rf R„, P Ke

1 2000-01 9.76 -25.19 0.40 -4.22

2 2001-02 7.30 -0.75 0.09 6.58

3 2002-03 5.93 -14.11 0.47 -3.49

4 2003-04 4.67 80.02 0.48 40.84

5 2004-05 5.15 11.87 0.74 10.12

6 2005-06 5.87 64.56 0.44 31.69

7 2006-07 7.07 10.03 0.53 8.64

8 2007-08 7.50 30.30 1.57 43.29 9 2008-09 7.19 -36.26 1.68 -65.81 10 2009-10 4.35 71.52 1.75 121.90

WIPRO

SR.NO. YEAR Rf R„, P Ke

1 2000-01 9.76 -25.19 2.10 -63.63

2 2001-02 7.30 -0.75 2.26 -10.90

3 2002-03 5.93 -14.11 1.72 -28.55

4 2003-04 4.67 80.02 1.45 113.92

5 2004-05 5.15 11.87 1.33 14.09

6 2005-06 5.87 64.56 1.29 81.58

7 2006-07 7.07 10.03 1.18 10.56

8 2007-08 7.50 30.30 0.67 22.77

9 2008-09 7.19 -36.26 0.99 -35.83

10 2009-10 4.35 71.52 0.74 54.06

ZEE


1 2000-01 9.76 -25.19 1.97 -59.08

2 2001-02 7.30 -0.75 2.41 -12.10

3 2002-03 5.93 -14.11 1.77 -29.55

4 2003-04 4.67 80.02 1.19 94.33

5 2004-05 5.15 11.87 0.44 8.11

6 2005-06 5.87 64.56 0.95 61.63

7 2006-07 7.07 10.03 0.83 9.52

8 2007-08 7.50 30.30 0.78 25.28

9 2008-09 7.19 -36.26 0.82 -28.44

10 2009-10 4.35 71.52 0.71 52.04

CC

Source: 1. Rf = Risk Free Rate of Return is taken from RBI official web site and are

weighted average yields of 364 day T — Bills. 2. Rm = Market Return is calculated return on NIFTY calculated as:

R n, = ((NIFTYt — NIFTY t_ i ) + NIFTY t_ i ) X 100

For which the data for NIFTY was taken from NSE's official website; 3. 13 = Beta values are taken from Capitaline w.r.t individual stock price on NSE

and NIFTY; 4. Ke = Cost of Equity is then calculated as:

Ke = Rf + ig(R n, — Rf)

cci

APPENDIX - G: LIST OF MERGERS AND ACQUISITIONS IN INDIA

SINCE 2000

Announce Date Company Name Acquired BY

Deal Value ($ mn)

21-04-1999 TVS SUZUKI(OLD) TVS MOTOR CO ___

07-12-1999 INDIA FOILS STERLTTE INDUSTRIES

INDIA LT 5.15

20-01-2000 MODI TELSTRA B K MODI GROUP --_

02-03-2000 BIRLA AT&T COMMUNICATIONS

AVAYA GLOBALCONNECT ___

02-03-2000 EID PARRY INDIA H&R JOHNSON INDIA _--

09-03-2000 LUBRIZOL INDIA PVT INDIAN OEL CORPORATION ---

26-04-2000 A'TLAS WIRES INDIA PRECISION WIRES INDIA 37.36

31-05-2000 CHEMINOR DRUGS DR. REDDY'S

LABORATORIES 146.43

11-07-2000 BOMBAY DRUGS & PHARMA

STRIDES ARCOLAB 1.44

27-07-2000 ANSAL HOTELS ITC ___

08-09-2000 SHANTHA MARINE BIOTECH

SHANTHA BIOTECHNICS PVT

___

18-09-2000 ALCHEMIE ORGANICS AARTI INDUSTRIES __-

18-09-2000 SIEMENS TELECOM BHARTI TELECOM ___

18-09-2000 THERMAX SYSTEMS & SOFTWARE

GTL 2.77

18-09-2000 CHAMBAL FERTELIZERS & CHEM

KK BIRLA GROUP ---

19-09-2000 TTK BIOMED TTK HEALTHCARE 0.97

21-09-2000 EDUEMPIRE.COM SIFY TECHNOLOGIES-SPON

ADR 2.16

25-09-2000 KHELADICOM INDIA PVT SIFY TECHNOLOGIES-SPON

ADR 1.3

30-09-2000 ALPHA DRUG INDIA ALPHA EMPLOYEES

HOLDINGS PRI 7.34

20-10-2000 INDIA EMERGING COMPANIES

CONSORTIUM 0.42

07-11-2000 MAHINDRA LIFESPACE DEVELOPER

CONSORTIUM 24.49

28-11-2000 AJAX SOFTWARE SOLUTIONS

ICICI 3.87

11-12-2000 BANK OF MADURA ICICI BANK 73.25

19-12-2000 JBS STEEL PRODUCTS JINDAL IRON & STEEL CO 0.63

22-12-2000 TATA SSL TATA STEEL 7

24-12-2000 KRIS SRIKKANTH SPORTS AND EN

PENTAMEDIA GRAPHICS ---

24-12-2000 HOTEL WHALES PENTAMEDIA GRAPHICS --

24-12-2000 MEDIA DREAMS PENTAMEDIA GRAPHICS --

01-01-2001 PANNIER TRADING CO PVT KOTAK MAHINDRA BANK 25.72

ccii

03-01-2001 RHONE POULENC INDIA PIRAMAL HEALTHCARE 51.81

15-01-2001 GOLD MOHUR FOODS & FEEDS

GODREJ INDUSTRIES 9.67

31-01-2001 NET TO TRAVEL PVT INDYA.COM 1.5

01-02-2001 SIVA CONSULTING HITVEL 0.32

01-02-2001 VIRTUAL SOFTWARE/OLD VIRTUALSOFT SYSTEMS 1.72

13-02-2001 CYANAMID AGRO BASF INDIA 42.55

15-02-2001 BHARAT ALUMINIUM COMPANY

STERLITE INDUSTRIES INDIA LT

118.46

16-02-2001 SMITHKLINE BEECHAM PHARMACEU

GLAXOSMITHKLINE PHARMACEUTIC

133.01

26-02-2001 PRADEEP DRUG CO SUN PHARMACEUTICAL

INDUS 0.36

27-02-2001 MODERN FOOD INDUSTRIES INDIA

HINDUSTAN UNILEVER 22.51

01-03-2001 MATRIX INFORMATION SERVICES

FRIDAY CORP ___

02-03-2001 ClEA CKD BIOCHEM NOVARTIS INDIA ___

12-03-2001 SYSTEL INFOTECH INVESTOR GROUP 0.36

20-03-2001 KOCHI REFINERIES BHARAT PETROLEUM

CORP 141.13

21-03-2001 CHENNAI PETROLEUM CORP

INDIAN OIL CORPORATION 109.06

22-03-2001 HrIE,CH DRILLING SVS INDIA

ABAN OFFSHORE 31.16

28-03-2001 MODI RUBBER CONSORTIUM 16.94

28-03-2001 QUEST INTERNATIONAL INDIA LT

ICI INDIA 32.61

30-03-2001 KWALITY BISCUITS PVT BRITANNIA INDUSTRIES 14.2

05-04-2001 BHARTI BT INTERNET BHARTI ENTERPRISES PVT 184

19-04-2001 PIX AUTOX PIX TRANSMISSIONS 0.24

09-05-2001 ADVANCED MICRONIC DEVICES

OPTO CIRCUITS INDIA 1.33

11-05-2001 BILT GRAPHIC PAPERS BALLARPUR INDUSTRIES ' 114.5

13-06-2001 MOUNT EVEREST MINERAL WATER

CONSORTIUM 0.47

18-06-2001 BHARTI CELLULAR BHARTI TELECOM 168.38

19-06-2001 L&T TRADE.COM LARSEN & TOUBRO 5.35

02-07-2001 LUPIN LUPIN LABORATORIES 4.61

04-07-2001 SI GROUP INDIA ELANTAS BECK INDIA 2.34

16-07-2001 SPICE CELL BHARTI TELECOM 92

18-07-2001 SIPOREX INDIA CONSORTIUM 0.1

13-08-2001 WESMAN HALVERSCHEIDT FORGING

AMTEK AUTO 1.11

20-08-2001 MOHAN FIBRE PRODUCTS MANAGEMENT GROUP 0.07

30-08-2001 TATA SSL TATA STEEL 3.08

20-09-2001 FLOATGLASS INDIA ASAHI INDIA GLASS 48.42

20-09-2001 GOLD MOHUR FOODS & FEEDS

GODREJ INDUSTRIES ---

cciii

21-09-2001 ITC BHADRACHALAM PAPER BDS

ITC 30.19

26-09-2001 DEUTSCHE SOFTWARE HCL TECHNOLOGIES 25.05 27-09-2001 TVS MOTOR CO SUNDARAM CLAYTON 1.85 01-10-2001 DIL PRIVATE INVESTOR ___

05-10-2001 HINDUSTAN TELEPRINTERS HIMACHAL FUTURISTIC COMMUN 11.46

17-10-2001 GUJARAT PROPACK COSMO FILMS 0.76 25-10-2001 ICICI ICICI BANK 652.17

31-10-2001 INSYST TECHNOLOGIES GROUP

ICICI ---

31-10-2001 THYROCARE LABORATORIES

THYROCARE TECHNOLOGIES 0.06

01-11-2001 HOTEL ASHOK BHARAT HOTELS 13.38 03-11-2001 SIPOREX INDIA CONSORTIUM 0.15

13-12-2001 JINDAL TRACTEBEL POWER CO

JINDAL IRON & STEEL CO 50.33

18-12-2001 EVEREST INDUSTRIES ACC 3.4

28-12-2001 HEXAWARE TECHNOLOGIES

HEXAWARE TECHNOLOGIES

03-01-2002 MIVEN MACHINE TOOLS PRIVATE INVESTOR 0.05

15-01-2002 PRECIOUS TRADING & INVESTMEN

PRIVATE INVESTOR 0.01

18-01-2002 CENTAUR HOTEL PRIVATE INVESTOR 17.2 24-01-2002 BENARES STATE BANK BANK OF BARODA ---

31-01-2002 BIRLA TECHNOLOGIES PSI DATA SYSTEMS 2.32

31-01-2002 SAHARA HOUSINGFINA CORP

SAHARA INDIA INVESTMENT CORP 1.49

01-02-2002 QUTAB HOTEL CONSORTIUM 7.35

06-02-2002 LAXMI VILAS PALACE HOTEL

BHARAT HOTELS 1.54

15-02-2002 ANNAPURNA FOILS INDIAN ALUMINIUM CO 0.81

15-02-2002 LIBERTY OIL MILLS LIBPVT

ERTY INVESTMENTS 0.83

20-02-2002 BLUE BIRD COMMERCIAL PRIVATE INVESTOR 0.01

25-02-2002 PARNAMI HABITAT DEVELOPERS L


27-02-2002 JESSOP & CO. .RUIA COTEX 3.73 28-02-2002 SPECIALTY RANBAXY PRIVATE INVESTOR 2.95

01-03-2002 JAYANT VEG OILS & CHEMICALS


03-03-2002 RELIANCE PETROLEUM RELIANCE INDUSTRIES 1089.26

04-03-2002 ASINDIA

TRAZENECA PHARMA CONSORTIUM 11.05

05-03-2002 VYAPAR INDUSTRIES PRIVATE INVESTOR 0.03 05-03-2002 VYAPAR INDUSTRIES PRIVATE INVESTOR 0.01 05-03-2002 TVS FINANCE & SERVICES TVS MOTOR CO 1.35

07-03-2002 SAHARA HOUSINGFINA CORP

SAHARA INDIA INVESTMENT CORP

0.44

cciv

12-03-2002 PALMALAYA ENTERPRISE PVT

ZEE ENTERTAINMENT ENTERPRISE

12.11

15-03-2002 EMPEE BREWERIES UNITED BREWERIES

HOLDINGS LT 24.63

20-03-2002 WARTYHULLY ESTATES IBC HOLDINGS &

INVESTMENTS P 2.56

20-03-2002 BGIL FILMS & TECHNOLOGIES


20-03-2002 RUKMANI METALS & - GASEOUS

PRIVATE INVESTOR ' 0.02

22-03-2002 LANCO GROUP ELECTROSTEEL CASTINGS --

22-03-2002 INDIAN METALS & FERRO AL-OLD

INDMET COMMODITIES PVT

0.12

22-03-2002 INDIAN SUCROSE YADU SUGARS 0.25

28-03-2002 INDIAN SUCROSE YADU SUGARS 0.19

31-03-2002 BANYAN CHEMICALS CADILA HEALTHCARE 4.2

01-04-2002 PARAS EXTRA GROWTH SEEDS

INDIA SEEDS HOLDINGS 23.57

09-04-2002 SUNFLEX FINANCE & INVESTMNT

INVESTOR GROUP 0.12

10-04-2002 DLF CONSORTIUM 2.05

18-04-2002 GERMAN REMEDIES CADILA HEALTHCARE 11.13

22-04-2002 REVATHI EQUIPMENT UTKAL INVESTMENTS --

26-04-2002 PUNJAB ANAND LAMP INDUS

PHILIPS INDIA 21.09

26-04-2002 PHILIPS GLASS INDIA PHILIPS INDIA 5.38

04-05-2002 EPIC ENZYMES PHARM & IND


06-05-2002 CNI RESEARCH NEIL INFORMATION

TECHNOLOGY 0

08-05-2002 CARRIER AIRCON CONSORTIUM 2.33

08-05-2002 CUMMINS INFOTECH KPIT CUMMINS

INFOSYSTEMS 1.2

09-05-2002 CNI RESEARCH NEIL INFORMATION TECHNOLOGY

0.01

15-05-2002 DUNCAN GLENEAGLES HOSPITALS

APOLLO HOSPITALS ENTERPRISE

0.61

17-05-2002 MEDICORP TECHNOLOGIES MATRIX LABORATORIES 4.64

18-05-2002 SUVRIDHI FINANCIAL SERVICES


20-05-2002 CONCORDE CARGO PVT MAERSK INDIA 1.3

22-05-2002 ORBITECH SOLUTIONS POLARIS SOFTWARE LAB 222.82

23-05-2002 SUVRIDHI FINANCIAL SERVICES


26-05-2002 NETKRACKER SIFY TECHNOLOGIES -SPON

ADR ---

27-05-2002 CUSTOMERASSET ICICI BANK 20.53

27-05-2002 MJ PHARMACEUTICALS SUN PHARMACEUTICAL

INDUS 0.25

29-05-2002 G. CLARIDGE & CO CONSORTIUM 0.02

31-05-2002 HOTEL ASHOK KOLKATA BRIGHT ENTERPRISES 4.08

ccv

31-05-2002 DELHI VIDYUT BOARD CONSORTIUM 98.07

31-05-2002 HOTEL AURANGABAD ASHOK

LOK SANGAM HOTELS & RESORTS

3.47

31-05-2002 KOVALAM ASHOK BEACH RESORT

M FAR HOTELS 8.78

05-06-2002 K-SERA SERA PRODUCTIONS

CONSORTIUM 0.05

06-06-2002 INDIAN METALS & FERRO AL-OLD

INDMET COMMODITIES PVT

0.04

07-06-2002 TOTAL CARE INDIA PVT MOREPEN LABORATORIES 2.45 13-06-2002 CRESCENDO MUSIC PRIVATE INVESTOR 0.51 18-06-2002 MAYFAIR INDIA PRIVATE INVESTOR 0.02

20-06-2002 OWENS ILLINOIS INDIA HINDUSTAN NATL GLASS & INDUS

___

25-06-2002 BHANDARI CONSULTANCY & FINAN


26-06-2002 DISHNET DSL SIVA CONSULTING 3 27-06-2002 PARKE-DAVIS (INDIA) PFIZER 45.37

27-06-2002 TATA TELESERVICES MAHARASHTR

TATA TELESERVICES 176.74

15-07-2002 AMBUJA CEMENT RAJASTHAN

AMBUJA CEMENTS 11.05

17-07-2002 GEOFFREY MANNERS & CO WYETH 137.07

18-07-2002 GE MEDICAL SYSTEMS LNFORMATI

WIPRO 5.73

19-07-2002 LNFOTECNICS INDIA VISESH INFOTECNICS 0.61 21-07-2002 INDO GULF CORPORATION HINDALCO INDUSTRIES 438.68 23-07-2002 INDIAN ALUMINIUM CO . HINDALCO INDUSTRIES 35.83

24-07-2002 YASH ESTATE & DEVELOPERS PVT

SHEETAL BIO-AGRO TECH ---

31-07-2002 SOFT SOLUTIONS NALLI TRUST 0.31

12-08-2002 MEGHDOOT CHEMICALS MANEESH PHARMACEUTICALS PVT

---

30-08-2002 BHARAT HOTELS DEEKSHA HOLDING 0.89 01-09-2002 CARRIER AIRCON CONSORTFUM 4.27

09-09-2002 GINI SILK MILLS PRIVATE INVESTOR 0.4

11-09-2002 LOKHANDWALA HOTELS PRIVATE L

ICICI TRUSTEE SERVICES 19.61

19-09-2002 VORIN LABORATORIES MATRIX LABORATORIES 10.61

19-09-2002 COLORPLUS FASHIONS RAYMOND 9.09 23-09-2002 CABLE VIDEO INDIA HINDUJA VENTURES ---

28-09-2002 SALZER CONTROLS SALZER ELECTRONICS 0.1

01-10-2002 WESTERN OUTDOOR MEDIA TECH

UTV SOFTWARE COMMUNICATIONS

2.69

07-10-2002 HOTEL RANJIT CONSORTIUM 6.26 10-10-2002 BILT GRAPHIC PAPERS BALLARPUR INDUSTRIES 67

21-10-2002 CENTURY LAMINATING CO CONSORTIUM 0.37

31-10-2002 RAPTAKOS BRETT DIAGNOSTIC LA

DR LAL PATHLABS 0.31

ccvi

01-11-2002 EXCELSIA FOODS GLAXOSMITHKLINE CONSUMER HEA

2.9

11-11-2002 ROCHEES BREWERIES MYSORE BREWERIES 3.06

18-11-2002 BULK DRUGS PLANT GLENMARK

PHARMACEUTICALS 2.9

25-11-2002 ARLEM BREWERIES AURANGABAD BREWERIES ---

29-11-2002 GLOBAL BULK DRUGS & FINE CHE

PIRAMAL HEALTHCARE 21.75

29-11-2002 RAJA BAHADUR MOTILAL POONA

SAI RADHE PROPERTIES PVT . 0.28

11-12-2002 TRIUMPH DISTILLERS & VINTNER

UNITED SPIRITS 12.46

12-12-2002 PARRY AGRO INDUSTRIES NEW AMBADI

INVESTMENTS PVT L 1.17

17-12-2002 MANO PHARMACEUTICALS ORCHID CHEMICALS &

PHARMA 5.4

20-12-2002 RELIANCE INFRASTRUCTURE

RELIANCE INDUSTRIES 242.68

28-12-2002 GREYCELLS ENTERTAINMENT

CONCEPT COMMUNICATION

0.02

28-12-2002 AQUA REGIA IGATE GLOBAL

SOLUTIONS 0.49

02-01-2003 IT PEOPLE INDIA IT PEOPLE PVT 0

03-01-2003 SPECTRAMIND ESERVICES PVT LT

WIPRO 5.5

06-01-2003 TRANSAMERICA APPLE DISTRIBUT

ICICI BANK 15.42

06-01-2003 JAYBHARAT TEXTILES & REAL ES


15-01-2003 SAPTARISHI AGRO INDUSTRIES

CALIBRE REHABS 0.21

17-01-2003 RADICO KHAITAN -OLD RADICO KHAITAN ___

24-01-2003 HIND LEVER CHEMICALS TATA CHEMICALS 86.72

29-01-2003 GERMAN REMEDIES CADILA HEALTHCARE 8.47

30-01-2003 FLOATGLASS INDIA ASAHI INDIA GLASS 6.44

04-02-2003 EGURUCOOL.COM NIIT 0.21

06-02-2003 BHARAT HOTELS DEEKSHA HOLDING 0.76

07-02-2003 SILTAP CHEMICALS SUPREME INDUSTRIES 6.85

08-02-2003 GLENMARK LABORATORIES PVT


01-04-2003 ETC NETWORKS ETC NETWORKS ---

01-04-2003 HDFC REALTY HOUSING DEVELOPMENT

FINANCE ---

23-05-2003 MILLENNIUM BEER IND UNITED SPIRITS 6.05

27-05-2003 JANPATH INVESTMENT AND HOLDI

BILT PAPER HOLDINGS 16.63

30-05-2003 TATA HOMEFINANCE IDBI BANK ___

30-05-2003 SHARP TRADING & FINANCE


05-06-2003 ARYAN PESTICIDES DEEPAK NITRITE 0.24

ccvii

21-06-2003 TRANSWORKS INFORMATION SERVI

ADITYA BIRLA NUVO 13

08-07-2003 TENET TECHONOLOGIES PT

ARICENT INC 3.89

29-07-2003 PLASTIC & PRECISION MACHINEF

HITECH PLAST ---

31-07-2003 FIRSTRING PVT FIRSTSOURCE SOLUTIONS 15.38

27-08-2003 AIRCEL DIGILINK INDIA HUTCHISON TELECOM

EAST ---

24-10-2003 SMARTCHEM TECHNOLOGIES

DEEPAK FERTILIZERS & PETRO

---

29-10-2003 TVS AUTOLEC SUNDRAM FASTENERS 6.56

05-11-2003 HIGHHILL COI PEE INDIA PVT LT

TATA COFFEE ---

14-11-2003 JINDAL IRON & STEEL CO JSW STEEL 491.21

02-12-2003 ASHOK LEYLAND FINANCE INDUSIND BANK 45.95

10-12-2003 MONNET POWER MONNET ISPAT & ENERGY ---

22-12-2003 BARGARH CEMENT ACC 39.97

26-12-2003 SARABHAI PIRAMAL PHARMACEURI


12-01-2004 XIUS INDIA MEGASOFT ___

16-01-2004 ESCOTEL MOBILE COMMUNICATION

IDEA CELLULAR 275.33

09-02-2004 COMPAQ ELECTRIC STUMPP SCHUELE &

SOMAPPA ---

13-02-2004 SRF INFOTEL MEDUSIND SOLUTIONS

INDIA PVT 0.07

01-03-2004 STERLING HOLIDAY RESORTS

AUROMATRIX HOTELS PVT 0.9

09-03-2004 AVIATION SOFTWARE DEVELOPMEN

TATA SONS 3.1

10-03-2004 BARGARH CEMENT ACC 5.94

17-03-2004 BURROUGHS WELLCOME (INDIA)

GLAXOSMITHKLINE PHARMACEUTIC

165.63

17-03-2004 SAKET BIOTECHNOLOGIES PVT LT

TRANSGENE BIOTEK 15.31

01-04-2004 UNNAMED TARGET(S) MAX HEALTHSTAFF

INTERNATNION ---

02-04-2004 LAKSHMI AUTO COMPONENTS

TVS MOTOR CO ---

05-04-2004 ANAB-E-SHAHI WINES & DISTILL

RADICO KHAITAN ---

12-04-2004 BARISTA COFFEE CO STERLING INFOTECH

GROUP ---

07-05-2004 CEEZEE FOODS PTE GALAXY ENTERTAINMENT

CORP ---

10-06-2004 IBP COMPANY INDIAN OIL CORPORATION 94.21

03-07-2004 M/S RANGAR BREWERIES INDIAN SUCROSE ___

05-07-2004 STEWARTS & LLOYDS OF INDIA

INDIAN OIL TANKING 1.08

06-07-2004 MANDOVI PELLETS CHOWGULE & CO 5.42

ccviii

06-07-2004 EAP GLOBAL SIFY TECHNOLOGIES-SPON ADR

09-07-2004 ALPHA ORGANICS NGL FINE-CHEM 0.14

09-07-2004 KONARAK TEXTILE INDUSTRIES P

NGL FINE-CHEM 0

14-07-2004 PHARMACIA HEALTHCARE PFIZER 2.39

21-07-2004 INTELENET GLOBAL SERVICES PV

HOUSING DEVELOPMENT FINANCE

34.91

26-07-2004 GLOBAL TRUST BANK ORIENTAL BANK OF COMMERCE

---

26-07-2004 INTEC POLYMERS SANMAR GROUP ___

31-07-2004 GREENLINE CONSTRUCTION

UNITECH 49.06

17-08-2004 ST Lll-E PHARMACEUTICAL RESEA

IGATE GLOBAL SOLUTIONS

18-08-2004 FINE DRUGS & CHEMICALS MATRIX LABORATORIES 7.66

31-08-2004 2 SOFTWARE COS HELIOS & MATHESON INFO TECH 7.5

02-09-2004 SIGMA LABORATORIES MANEESH PHARMACEUTICALS PVT 16.19

03-09-2004 HITACHI CG MOTOR ENGINEERING

CROMPTON GREAVES 0.07

15-09-2004 PAUSHAK PAUSHAK ___

16-09-2004 INDIA STEAMSHIP CO CHAMBAL FERTILIZERS & CHEM 29.86

16-09-2004 ASSAM COTTON MILLS KESORAM INDUSTRIES ___

22-09-2004 INDABRATOR NESCO 1.54 27-09-2004 ISPAT METALLICS INDIA ISPAT INDUSTRIES 558.52

28-09-2004 INDIAN SEAMLESS METAL TUBES

ISMT 92.96

11-10-2004 EURKEA FORBES FORBES & COMPANY 11.43 12-10-2004 SHIPARA TECHNOLOGIES HCL TECHNOLOGIES ___

26-10-2004 KOCHI REFINERIES B CORP

HARAT PETROLEUM 269.17

26-10-2004 HOME SOLUTIONS RETAIL INDIA

PANTALOON RETAIL INDIA 0.01

31-10-2004 VIJAI VISION PVT PV ESSILOR SRF OPTICS INDIA

T 2.4

01-11-2004 GLOFAME COTSPIN INDUSTRIES

WELSPUN INDIA 8.9

05-11-2004 ANG AUTO PVT ANG AUTO --

10-11-2004 JAIPUR POLYS PIN RSWM 2.93 11-11-2004 HENKEL SPIC INDIA HENKEL INDIA 40.5 16-11-2004 INDO ASIAN FUSEGEAR INDO ASIAN FUSEGEAR ---

25-11-2004 SIEMENS VDO AUTOMOTIVE

SIEMENS INDIA 82.43

27-11-2004 SAR TRANSMISSION PVT MAHINDRA & MAHINDRA 3.25

06-12-2004 BARISTA COFFEE CO STERLING INFOTECH GROUP

---

14-12-2004 STEEL CORP OF GUJARAT ESSAR STEEL 444.24

ccix

07-01-2005 VIDEOCON INTERNATIONAL

VIDEOCON INDUSTRIES 699.9

10-01-2005 TATA FINANCE TATA MOTORS 182.72 20-01-2005 IDBI BANK IDBI BANK 167.94

25-01-2005 GIS GILLANDERS ARBUTHNOT

& CO ___

25-01-2005 SUNSHIELD CHEMICALS PRIVATE INVESTOR 0.42

27-01-2005 BALSARA HYGIENE PRODUCTS

DABUR INDIA 27.41

27-01-2005 BESTA COSMETICS DABUR INDIA 4.57 28-01-2005 KPL INTERNATIONAL VARDHAN ___

31-01-2005 MUSIC BROADCAST PVT GW CAPITAL 22.87

03-02-2005 INDIAN OCEAN INTERNATIONAL B

STATE BANK OF INDIA ___

17-02-2005 AQUILA TECHNOLOGIES PVT

HCL TECHNOLOGIES ___

24-02-2005 DAURALA ORGANICS DCM SHRIRAM

INDUSTRIES 4.42

24-02-2005 SUBEX HOLDINGS PVT SUBEX ___

07-03-2005 GUJARAT FOILS PRIVATE INVESTOR 0.11

08-03-2005 HERBERTSONS UNITED BREWERIES

HOLDINGS LT 29.75

10-03-2005 GLENMARK LABORATORIES PVT

MARKSANS PHARMA ___

14-03-2005 SWASTIK ROOFING SAHYADRI INDUSTRIES ___

18-03-2005 CLC GLOBAL SPENTEX INDUSTRIES 7.67 21-03-2005 JAIPUR POLYSPIN RSWM 0.83

22-03-2005 , SHAW WALLACE & COMPANY


23-03-2005 ITC HOTELS ITC 105.22 23-03-2005 ANSAL HOTELS ITC ___

31-03-2005 BODAL CHEMICALS PVT BODAL CHEMICALS ___

31-03-2005 TRIUMPH DISTILLERS & VINTNER

UNITED SPIRITS 3.43

05-04-2005 ONIDA SAVAK MIRC ELECTRONICS 0.73

12-04-2005 VMOKSHA HELIOS & MATHESON INFO TECH 18.98

27-04-2005 KRITHIKA AGRO FARM CHEMICAL

GODREJ INDUSTRIES ___

27-04-2005 HINDUSTAN DORR-OLIVER IVRCL INFRASTRUCTURES

& PROJ 12.33

02-05-2005 ROSSELL INDUSTRIES M K SHAH EXPORTS 2.27

03-05-2005 MEDGENE PHARMACEUTICALS PVT

STRIDES ARCOLAB ___

09-05-2005 EURO IKON & STEEL PVT JSW STEEL 51.8 09-05-2005 JSW POWER JSW STEEL 51.8 09-05-2005 EURO COKE & ENERGY PVT JSW STEEL 39.42

10-05-2005 LINC SOFTWARE SERVICES PRIVA

MINDTREE 12

CCX

12-05-2005 ALPHA DRUG INDIA PUNJAB CHEMICALS & CROP PROT

3.04

19-05-2005 SPICE TELECOM INTENSE TECHNOLOGIES ___

23-05-2005 ENGINEERING MECHANICS RESEAR

CRANES SOFTWARE INTL 1.5

26-05-2005 VALIANT HEALTHCARE ALCHEMIST 1.03

26-05-2005 SHELL INFOTECH PRIVATE INVESTOR __-

01-06-2005 KOTAK MAHINDRA PRIME KOTAK MAHINDRA BANK 35

01-06-2005 SETCO ENGINEERING PVT SETCO AUTOMOTIVE ___

09-06-2005 PARASHAR SUGARS PVT BAJAJ HINDUSTHAN 0

14-06-2005 J.J. SPECTRUM SILK J.J. EXPORTS 5.46

20-06-2005 BANK OF PUNJAB CENTURION BANK OF

PUNJAB 80.74

21-06-2005 FAL INDUSTRIES FORBES & COMPANY 2.98

29-06-2005 SHAW WALLACE AGROCHEMICALS L

UNITED PHOSPHORUS 5.37

01-07-2005 WIMCO ITC ___

12-07-2005 RING PLUS AQUA RAYMOND 4.84

13-07-2005 DABHOL POWER CO RATNAGIRI GAS AND

POWER PVT 1633.84

15-07-2005 BHARTI HEALTHCARE BHARTI OVERSEAS

TRADING CO 3.18

15-07-2005 TATA INFOTECH TATA CONSULTANCY SVS 259.3 20-07-2005 BPL COMMUNICATIONS ESSAR TELEHOLDINGS 1011

20-07-2005 STEELRX CORP GUJARAT NRE COKE 0.75

22-07-2005 KOVALAM HOTELS HOTEL LEELAVENTURE ___

29-07-2005 GEMPLUS JEWELLERY PVT GITANJALI GEMS 44.8

29-07-2005 SHRTRAM INVESTMENTS SHRIRAM TRANSPORT

FINANCE 82.78

01-08-2005 AMP SANMAR LIFE INSURANCE CO

RELIANCE CAPITAL ---

02-08-2005 INTERNATIONAL TRACTORS

SONALIKA GROUP 9.98

04-08-2005 OCL INFORMATICS UNNAMED BUYER ___

05-08-2005 PILANI INVESTMENTS BK BIRLA GROUP 74.74

09-08-2005 VASHISTI DETERGENTS HINDUSTAN UNILEVER 11.35

29-08-2005 CLAMANT (INDIA) CLARIANT CHEMICALS (I) 69.2

29-08-2005 VANAVIL DYES & CHEMICALS

CLARIANT CHEMICALS (I) 6.13

29-08-2005 PATEL ON-BOARD COURIERS

PATEL INTERGRATED LOGISTICS

8.45

31-08-2005 COMPUTER EXCHANGE PVT

ICRA 1

06-09-2005 MALABAR BUILDING PRODUCTS

HYDERABAD INDUSTRIES 7.7

11-09-2005 INDO GULF FERTILISERS ADITYA MLA NUVO 130.14

11-09-2005 MLA GLOBAL FINANCE ADITYA BIRLA NUVO 110.23

19-09-2005 BPL SOFT ENERGY EVEREADY INDUSTRIES

INDIA 15.26

ccxi

22-09-2005 SHAW WALLACE DISTILLERIES LT


22-09-2005 HERBERTSONS UNITED SPIRITS 22.63

22-09-2005 UNITED DISTILLERS INDIA UNITED SPIRITS 3.69

22-09-2005 BARAMATI GRAPE INDUSTRIES LT

UNITED SPIRITS 3.47

22-09-2005 MCDOWELL INTERNATIONAL BRAND

UNITED SPIRITS

22-09-2005 UNITED SPIRITS /OLD UNITED SPIRITS ___

26-09-2005 ALLIANCE CAPITAL MUTUAL FUND

BIRLA SUN LIFE, ASSET MANAGEM

12.5

30-09-2005 UNIT TRUST OF INDIA MULTIPLE ACQUIRERS 281.03

10-10-2005 WIMCO ITC 14.78

14-10-2005 HVO TECHNOLOGIES VALUEMART INFO

TECHNOLOGIES

14-10-2005 TEJAS INFOSCRIPTS PVT VALUEMART INFO

TECHNOLOGIES ---

19-10-2005 PUNE SOFTWARE PARK PRIVATE L

KANBAY SOFTWARE PRIVATE

0.08

21-10-2005 TATA SHARE REGISTRY DARASHAW HOLDINGS ---

09-11-2005 WILLIAMSON TEA ASSAM MCLEOD RUSSEL INDIA 16.69

12-11-2005 DOCTORS ORGANIC CHEMICALS LT

WANBURY 8.1

15-11-2005 BALSARA HYGIENE PRODUCTS

DABUR INDIA 0.16

16-11-2005 ALAKNANDA HYDRO GVK HYDEL PVT 0.68

24-11-2005 DAWN MILLS CO MULTIPLE ACQUIRERS 16.7

03-12-2005 2 TYRE COS RUIA GROUP 28

07-12-2005 SAH POLYMERS SAT INDUSTRIES ---

13-12-2005 DOOM DOOMA TEA CO BM KHAITAN GROUP 14.97

14-12-2005 TARMAC INDIA PVT ACC 2.71

14-12-2005 MOTHERSON ADVANCE POLYMERS L

MOTHERSON SUMI SYSTEMS

---

29-12-2005 FCGL INDUSTRIES GUJARAT NRE COKE 49.44

29-12-2005 ADEEP GROUP OF COS SANDHAR TECHNOLOGIES 24.36

02-01-2006 RELIANCE CAPITAL VENTURES LT

RELIANCE CAPITAL 609.01

09-01-2006 BUCKINGHAM REAL ESTATE AND A

PVP VENTURES 69.89

17-01-2006 ALTRON INDUSTRIES PVT OPTO CIRCUITS INDIA 0.12

18-01-2006 BAJAJ AUTO FINANCE BAJAJ HOLDINGS AND

INVESTMEN 9.25

23-01-2006 KOLKATIA HOTELS DHARAMPAL SATYAPAL 21.05

25-01-2006 GANESH BANK OF KURUNDWAD

FEDERAL BANK ---

31-01-2006 NEW DELHI INTL AIRPORT PVT

MULTIPLE ACQUIRERS 34

31-01-2006 MLTMBAI

T INTL AIRPORT

PV MULTIPLE ACQUIRERS 34

ccxii

02-02-2006 STANDARD CHARTERED STCI CAP

SECURITIES TRADING CORP-INDI 60

03-02-2006 INDIAN CHARGE CHROME INDMET COMMODITIES PVT 67.88

03-02-2006 SPECTRUM INFOTECH PVT. LARSEN & TOUBRO ___

14-02-2006 CHEMTREAT COMPOSITIES INDIA

CLARIANT CHEMICALS (I) 2.04

17-02-2006 INDO RAMA TEXTILES SPENTEX INDUSTRIES 28.93

21-02-2006 URVI CHEMICALS & ALLIED IND

ALLTIME MERCANTILE CO PVT LT

---

27-02-2006 IA & IC CHEM PVT PUNJAB CHEMICALS &

CROP PROT 0.1

27-02-2006 AMIT SPINNING INDS SPENTEX INDUSTRIES 2.25

28-02-2006 NARMADA CHEMATUR PETROCHEMIC

GUJARAT NARMADA VALLEY FERT 25.69

01-03-2006 UMT INVESTMENTS JAYKAY FINHOLDING INDIA PTE 72.03

01-03-2006 SHRISTI INFRASTRUCTURE DEVEL

SHRISTI INFRA DVLP CORP ---

01-03-2006 USHA MARTIN TELEMATICS

UMT INVESTMENTS 140.3

01-03-2006 TEA ESTATES INDIA WOODBRIAR GROUP 16 06-03-2006 AMIT SPINNING INDS SPENTEX INDUSTRIES 2.04

06-03-2006 TEJAS INFOSCRIPTS PVT VALUEMART INFO

TECHNOLOGIES ---

15-03-2006 RELIANCE NATURAL RESOURCES L

ANADHA ENTERPRISE PVT 69.3

16-03-2006 KOTAK MAHINDRA CAPITAL CO LT

KOTAK MAHINDRA BANK 47.27

16-03-2006 KOTAK SECURITIES KOTAK MAHINDRA BANK 27.68 21-03-2006 BOB HOUSING FINANCE BANK OF BARODA ___

22-03-2006 TORRENT POWER AEC TORRENT POWER 513.37 22-03-2006 TORRENT POWER SEC TORRENT POWER ___

28-03-2006 EICHER INTERNATIONAL KEVENTER AGRO 0.43

31-03-2006 PACENET PVT ZEE ENTERTAINMENT ENTERPRISE 4

03-04-2006 MAS EMBROIDERIES PVT PIONEER EMBROIDERIES 1.06

03-04-2006 MARUTI COMFORTS & INN PVT LT

ROYAL ORCHID HOTELS 1.32

05-04-2006 SOFTTECH SOLUTIONS SASKEN

COMMUNICATIONS TECHNO

1.45

05-04-2006 STRATEGIC WEIGHING SYSTEMS

SUDHIR JALAN GROUP ---

21-04-2006 GREEN RETREAT & MOTELS PVT L

ANANT RAJ INDUSTRIES 24.27

25-04-2006 RECRON SYNTHETICS INDIAN PETROCHEMICALS

C 85.82

25-04-2006 CENTRAL INDIA POLYESTERS

INDIAN PETROCHEMICALS CORP

49.49

ccxiii

25-04-2006 INDIA POLYFIBRES INDIAN PETROCHEMICALS CORP 16.96

25-04-2006 ORISSA POLYFIBRES INDIAN PETROCHEMICALS CORP

_--

25-04-2006 SILVASSA INDUSTRIES PVT INDIAN PETROCHEMICALS CORP

___

25-04-2006 APOLLO FIBRES INDIAN PETROCHEMICALS CORP

---

26-04-2006 JACQART CHEMICAL INDUSTRIES

MULTIPLE ACQUIRERS 0.05

03-05-2006 AMBUJA CEMENT EASTERN AMBUJA CEMENTS 397.26 08-05-2006 ANALYTIX SYSTEMS CRANES SOFTWARE INTL 2.5 08-05-2006 DIRECT INTERNET TATA COMMUNICATIONS 16.7 12-05-2006 BLOW PLAST V.I.P. INDUSTRIES 52.19

16-05-2006 ADITYA INTERNET SERVICES

AMINES & PLASTICIZERS ___

20-05-2006 FLEX ENGINEERING UFLEX 17.38

20-05-2006 FCL TECHNOLOGIES & PRODUCTS

UFLEX 2.89

26-05-2006 ARCH PHARMALABS ARCH IMPEX PVT 1

26-05-2006 QUEST INTERNATIONAL INDIA LT

ICI INDIA 11.77

31-05-2006 MIPAK POLYMERS PVT HITECH PLAST 6

05-06-2006 GLOBE TRAVELS SIFY TECHNOLOGIES-SPON ADR

___

09-06-2006 CONFIDENCE CYLINDER & PETROC

CONFIDENCE PETROLEUM INDIA

___

14-06-2006 NUTRINE CONFECTIONERY CO .

GODREJ BEVERAGES & FOODS 57.63

30-06-2006 VIJAYANAND PRINTERS BENNETT COLEMAN & COMP

---

04-07-2006 LA NOVA CHEM INDIA PVT INDOCO REMEDIES ___

06-07-2006 MILLITOON ANIMATIONS PVT

COLOR CHIPS (INDIA) ___

10-07-2006 HAL ONIX MULTIPLE ACQUIRERS 3.2.78

11-07-2006 INTERFACE BROKERAGE AND RESE

PRIVATE INVESTOR ___

25-07-2006 DESIRE Lll-ESTYLE PVT GITANJALI GEMS ___

31-07-2006 RENOPRESS ENDURANCE GROUP ---

07-08-2006 CHAMPDANY INDUSTRIES AI CHAMPDANY INDUSTRIES

---

11-08-2006 EMI TRANSMISSION RELIANCE POWER INDIA FUND

---

14-08-2006 JAGRAN TV PVT MULTIPLE ACQUIRERS 7.21 23-08-2006 ARROW WEBTEX DELTA CORP ---

25-08-2006 SHRACHI INFRASTRUCTURE FINAN

MAGMA FINCORP 9.1

28-08-2006 SHRI RAMRUPAI BALAJI STEELS

JAI BALAJI INDUSTRIES 22.96

30-08-2006 NCL ENERGY NCL INDUSTRIES ---

ccxiv

30-08-2006 WELLSPRING-DR AVINASH PHADKE


31-08-2006 APOLLO HOSPITALS INTERNATION

APOLLO HOSPITALS ENTERPRISE

-__

31-08-2006 PROCYON OFFSHORE SERVICES PV

DOLPHIN OFFSHORE ENTERPRISES

___

04-09-2006 LORD KRISHNA BANK CENTURION BANK OF

PUNJAB 72.61

07-09-2006 HARISH CEMENT GRASIM INDUSTRIES 0.02 07-09-2006 LKP SECURITIES LKP FINANCE ___

13-09-2006 UNITED WESTERN BANK IDBI BANK 32.59 22-09-2006 PHIPSON DISTILLERY UNITED SPIRITS ___

26-09-2006 ONE TWO THREE INDIA.COM

INTRASOFT TECHNOLOGIES PVT L 2.46

29-09-2006 ABAN CONSTRUCTIONS PVT

KIRLOSKAR BROTHERS 12.56

29-09-2006 BOOTS PIRAMAL HEALTHCARE PVT

PIRAMAL HEALTHCARE ___

29-09-2006 VXL TECHNOLOGIES UNNAMED BUYER ___

29-09-2006 MASUZAWA PUNJAB SILK UNNAMED BUYER ---

30-09-2006 CARDINAL DRUGS RANBAXY LABORATORIES 2.8

03-10-2006 VISUALSOFT TECHNOLOGIES

MEGASOFT 34.54

19-10-2006 FICOM ORGANICS COROMANDEL FERTILISERS 1.31

25-10-2006 V&S INTERNATIONAL PVT SIDBI VENTURE CAPITAL 7

03-11-2006 TRAVELMATE SERVICES INDIA

RELIANCE CAPITAL ---

08-11-2006 AKSH BROADBAND AKSH OPTIFIBRE ___

20-11-2006 BIRLA NGK INSULATORS PVT

ADITYA BIRLA NUVO 6.74

25-11-2006 MAHINDRA HINODAY INDUSTRIES

MAHINDRA & MAHINDRA ---

01-12-2006 MORAN TEA CO INDIA /THE MCLEOD RUSSEL INDIA 9.29

08-12-2006 INDIAGAMES UTV SOFTWARE COMMUNICATIONS 15.2

09-12-2006 SANGLI BANK ICICI BANK 67.15 02-01-2007 EICHER EICHER GOODEARTH 9.5 04-01-2007 JANKHARIA IMAGING PIRAMAL HEALTHCARE ___

11-01-2007 MAWANA SUGARS MAWANA SUGARS 119.3

15-01-2007 KWALTTY RESORTS AND HOSPITAL

GRAVISS HOSPITALITY 0

15-01-2007 RAWMET FERROUS INDUSTRIES PV

TATA STEEL ---

17-01-2007 MAYFAIR BANQUETS PVT GRAVISS HOSPITALITY 27.97 17-01-2007 SEABUCKTHORN INDAGE INDAGE VINTNERS -- 19-01-2007 INDO RAMA TEXTILES SPENTEX INDUSTRIES 7.45

24-01-200'7 PAGEL CONCRETE TECHNOLOGIES

PIDILITE INDUSTRIES ---

CCXV

25-01-2007 GODAVARI FERTILISERS COROMANDEL

FERTILISERS 27.13

26-01-2007 KARMA ISPAT PRIVATE INVESTOR 0

27-01-2007 INFINITY.COM FINANCIAL SECUR

PIONEER INVESTCORP ---

28-01-2007 BOWSTRING PROJECTS & INVESTM

GVK POWER & INFRASTRUCTURE

437.96

28-01-2007 GREEN GARDEN HORTICULURE PRI

GVK POWER & INFRASTRUCTURE

25.19

31-01-2007 RCL CEMENTS VINAY CEMENTS 6.51

07-02-2007 CADENCE CARGO PVT GMR INFRASTRUCTURE --

09-02-2007 POTENTIAL SERVICE CONSULTANT

REVATHI EQUIPMENT ---

10-02-2007 ABHI AMBI FINANCIAL SERVICES

STERLING INFOTECH GROUP

---

21-02-2007 GLOBAL VANTEDGE ESSAR GROUP 22.5

21-02-2007 SRI VATSA HOTELS PVT PANORAMIC UNIVERSAL 3.99

22-02-2007 JM FINANCIAL SVCS PVT JM FINANCIAL 20

22-02-2007 SUSHRIPADA PLASTICS P VT

NOCIL 4.41

23-02-2007 ALMONDZ CAPITAL MARKETS PVT

ALMONDZ GLOBAL SECURITIES LT

---

25-02-2007 PVP VENTURES PVP VENTURES PVT 122.3

02-03-2007 MULTIPLE TARGETS NATIONAL AVIATION CO

OF INDI 1620.16

02-03-2007 ZENSAR TECHNOLOGIES RPG ENTERPRISES 28.36

07-03-2007 BIGTREE ENTERTAINMENT PVT LT

TELEVISION EIGHTEEN INDIA

---

07-03-2007 MARKETICS TECHNOLOGIES

WNS HOLDINGS -ADR 30

10-03-2007 INDIAN PETROCHEMICALS C

RELIANCE INDUSTRIES 1130.58

12-03-2007 PUNJAB TRACTORS MAHINDRA & MAHINDRA 96.65

12-03-2007 SWARAJ ENGINES MAHINDRA & MAHINDRA 0.03

12-03-2007 MULTIPLE TARGETS PRIVATE INVESTOR ___

15-03-2007 INDIA ENERGY INVESTMENTS PVT

EMCO 17.2

15-03-2007 INX NEWS PVT MULTIPLE ACQUIRERS 40

16-03-2007 LIVA HEALTHCARE CADILA HEALTHCARE ___

16-03-2007 SANRAA MEDIA EYELIGHT EVENTS AND

PROMOTIO 0.01

19-03-2007 SIVAGAMI FINANCE & INVESTMEN

FUTURE CAPITAL HOLDINGS

---

20-03-2007 WESTERN TRANSFORMER DIAMOND POWER INFRA ---

20-03-2007 RAIN CALCINING RAIN COMMODITIES 165.92

22-03-2007 ROUTES TRAVEL AIR TRAVEL BUREAU 1.14

22-03-2007 ASK INVESTMENT HOLDINGS PVT

ASK INVESTMENTS & CONSULTANT

--

22-03-2007 CHESLIND TEXTILES RSWM 2.41

ccxvi

28-03-2007 ANIK DEVELOPMENT CORP PVT LT

AJMERA REALTY & INFRA INDIA

310.78

09-04-2007 ORISSA MANGANESE & MINERALS

ADHUNIK METALIKS

12-04-2007 SAHARA AIRLINES JET AIRWAYS INDIA 338.37

12-04-2007 MAC OIL PALM RUCHI GROUP 10

17-04-2007 NEEMTEK ORGANIC PRODUCTS

PRIVATE INVESTOR

01-05-2007 KAPRISA INTERNATIONAL PVT LT

MULTIPLE ACQUIRERS ---

03-05-2007 PHARMASIA MULTIPLE ACQUIRERS 0.24

04-05-2007 KELITCH DRUGS (INDIA) NBZ PHARMA 6.98

14-05-2007 MULTIPLE TARGETS SUNDARAM MULTI PAP 14.68

15-05-2007 SHARE MICROFIN CONSORTIUM 27

15-05-2007 GEOSPATIAL INTEGRATED SOLUTI

INFOTECH ENTERPRISES ___

18-05-2007 ESTEL COMMUNICATIONS PVT

KARUTURI GLOBAL ---

22-05-2007 ASPIRE COMMUNICATION PVT

CALIFORNIA SOFTWARE CO

--_

24-05-2007 PERFECT CIRCLE INDIA ASIA INVESTMENT PVT ___

05-06-2007 MAHINDRA FORGINGS OVERSEAS L

MAHINDRA FORGINGS 210.76

05-06-2007 MAHINDRA STOKES HOLDING CO L

MAHINDRA FORGINGS 15.3

11-06-2007 GRANDIX PHARMACEUTICALS

STRIDES ARCOLAB 24.44

12-06-2007 SRS ENGINEERS EPIC ENERGY --_

14-06-2007 DAWN MILLS CO PENINSULA LAND 58.75

18-06-2007 MILESTONE ORGANICS BODAL CHEMICALS 0.09

18-06-2007 TELAK AUTOTECH PVT CRANES SOFTWARE INTL 2.46

18-06-2007 AXIS RISK CONSULTING SERVICE

GENPACT ---

18-06-2007 INTELENET GLOBAL SERVICES PV

SKR BP0 Services 86.4

18-06-2007 SPARSH BP0 SERVICES SKR BP0 Services 15.88

19-06-2007 MULTIPLE TARGETS INDIA HOSPITALITY CORP-

REG S 110

21-06-2007 GVK AVIATION PVT GVK POWER &

INFRASTRUCTURE ---

26-06-2007 SSKI CORPORATE FINANCE PVT L

INFRASTRUCTURE DEV FINANCE

---

28-06-2007 HOME STORES INDIA WADHAWAN FOOD PVT --

29-06-2007 ARISTOCRAT LUGGAGE V.I.P. INDUSTRIES 6.73

30-06-2007 GJ FUTURE FASHIONS GINI & JONY ---

02-07-2007 MODERN INDIA REALTY & INFRAS

MODERN INDIA ---

02-07-2007 INNOVATIVE FOODS TATA GROUP --

04-07-2007 PATHIK FOODS PVT CESC ---

ccxvii

04-07-2007 PROFES SIONAL MANAGEMENT CONS

SUNDARAM FINANCE ---

05-07-2007 INDUS GARMENTS INDIA PVT

INDUS FILA 2.31

06-07-2007 GVK INFRATECH PVT GVK POWER &

INFRASTRUCTURE 0

06-07-2007 UNZA HOLDINGS PTE WIPRO 249.71

12-07-2007 AYNGARAN INTERNATIONAL

EROS INTERNATIONAL PLC ---

12-07-2007 ACC NIHON CASTINGS HINDUSTAN UDYOG 7.41

12-07-2007 BIRLA PRECISION TECH YASH BIRLA GROUP ___

13-07-2007 LUMINAIRE TECHNOLOGIES

INDIANIVESH 0.22

18-07-2007 UTKAL ALUMINA INTERNATIONAL

HINDALCO INDUSTRIES ___

23-07-2007 HAPPY GROUP CO GODREJ PROPERTIES ---

24-07-2007 GODAVARI FERTILISERS COROMANDEL

FERTILISERS 24.54

24-07-2007 WINPRO BIOMED RFCL ___

27-07-2007 KBK CHEM-ENGINEERING SHREE RENUKA SUGARS 9.13

03-08-2007 RPG TRANSMISSION KEC INTERNATIONAL 91.63

03-08-2007 NATIONAL INFORMATION TECHNOL

KEC INTERNATIONAL ---

07-08-2007 ETC NETWORKS ZEE ENTERTAINMENT

ENTERPRISE ___

08-08-2007 INDRAD AUTO COMPONENTS

LUCAS TVS 3.62

14-08-2007 PERFECT CIRCLE INDIA ASIA INVESTMENT PVT 4.5

17-08-2007 AUTHORGEN TECHNOLOGIES PVT L

EDUCOMP SOLUTIONS ---

23-08-2007 THUNGA SOFTWARE ACCENTIA TECHNOLOGIES ---

24-08-2007 WATSOL ORGANICS ARCH IIVIPEX PVT 7.3

27-08-2007 KAUSAR INDIA GATI 3.49

27-08-2007 ATLANTIS LAB PVT KLG SYSTEL ___

28-08-2007 TRANSINDIA FREIGHT SERVICES

ALLCARGO GLOBAL LOGISTICS LT

46.31

04-09-2007 VISTEON POWERTRAIN CONTROL S

ADYAR RIVER ---

04-09-2007 KALAMBER SSK DOLLEX INDUSTRIES 3.42

04-09-2007 HAZOOR MEDIA & POWER PVT

MANAGEMENT GROUP ---

05-09-2007 HAYTRANS /INDIA SHREYAS SHIPPING &

LOGISTICS ' ___

06-09-2007 UNNAMED TARGET SINTEX INDUSTRIES 36.53

10-09-2007 BHARTI AQUANET BHARTI AIRTEL 3.92

10-09-2007 GONDWANA ENGINEERS PVT

KIRLOSKAR BROTHERS 1.88

11-09-2007 ESSAR STEEL ESSAR GROUP 174.3

12-09-2007 SIEMENS INDUSTRIAL TURBOMACH

SIEMENS INDIA -__

ccxviii

13-09-2007 MALAR HOSPITALS MULTIPLE ACQUIRERS 8.45 19-09-2007 KOLHAPUR STEEL /THE KIRLOSKAR BROTHERS ___

20-09-2007 ESAB WELDING & CUTTING SYSTE

ESAB INDIA

21-09-2007 MULTIPLE TARGETS JAI CORPORATION ___

25-09-2007 PODDAR INFRASTRUCTURE INVESTOR GROUP 0.12

27-09-2007 RUBAMIN LABORATORIES LUPIN 16

28-09-2007 LODHA ELEVATION BUILDCON PVT

ICICI BANK 20

01-10-2007 POLYTEX INDIA INVESTOR GROUP 0.13

01-10-2007 STERLITE INFRASTRUCTURE PVT

STERLITE TECHNOLOGIES

01-10-2007 NED ENERGY TIME TECHNOPLAST ___

03-10-2007 INTRA INFOTECH FORTUNE BUILDPROF PVT 3.2

03-10-2007 ZENOTECH LABORATORIES RANBAXY LABORATORIES 2.56 05-10-2007 STONEWOOD CEMFAB PVT SHARON BIO-MEDICINE 1.02 16-10-2007 HCL EAI SERVICES INC HCL TECHNOLOGIES 3.59

25-10-2007 SOUTHERN IRON & STEEL CO

JSW STEEL 1.01

25-10-2007 MODERN DERIVATIVES & COMMODI

SHREE RANI SATI INV & FIN

_

27-10-2007 CONCEPT HOSPITALITY KAMAT HOTELS (INDIA) ___

30-10-2007 QUASAR INNOVATIONS PVT

AXON INFOTECH

31-10-2007 TANDON METALS PVT EXIDE INDUSTRIES ___

06-11-2007 PLANET M VIDEOCON INDUSTRIES 50.92

07-11-2007 MULTIPLE TARGETS COLGATE PALMOLIVE

(INDIA) -

08-11-2007 S N REALTORS OMAXE 11.44

12-11-2007 HI-FLYERS TRAVEL SERVICES PV

PANORAMIC UNIVERSAL

12-11-2007 NAVBHARAT COALFIELDS SOLAR EXPLOSIVES ___

13-11-2007 AVON ORGANICS ARCH IMPEX PVT 23.67

14-11-2007 JK INVESTO TRADE INDIA JK INVESTORS BOMBAY 9.5

14-11-2007 TES-PV ELECTRONIC SOLUTIONS

MINDTREE 6.55

15-11-2007 PRONET INTERACTIVE PVT PROVOGIJE (INDIA) ___

26-11-2007 KUDU INDUSTRIES SEL MANUFACTURING CO. ---

27-11-2007 SOFTBPO GLOBAL SERVICES

FINFLOW INVESTMENTS PVT 0.06

27-11-2007 GVK INDUSTRIES GVK POWER &

INFRASTRUCTURE 30.29

27-11-2007 INUV A ISGN TECHNOLOGIES ___

28-11-2007 DATATALK SERVICES INDIA PVT

VALUEMART INFO TECHNOLOGIES

30-11-2007 COASTAL ANDHRA POWER RELIANCE POWER

03-12-2007 BIG APPLE REAL ESTATE PVT LT

PHOENIX MILLS

04-12-2007 BAJAJ ELECTRICALS MANAGEMENT GROUP 12.78

ccxix

05-12-2007 NASEER ELECTRICALS PVT BLUE STAR 10.64 06-12-2007 JAI PARABOLIC SPRINGS JAMNA AUTO INDUSTRIES 33.75

10-12-2007 INDIABULLS RETAIL SERVICES L

INDIABULLS REAL ESTATE ---

10-12-2007 UNIVERSAL COMFORT PRODUCTS L

VOLTAS 1.9

11-12-2007 RSB TRANSMISSIONS IL&FS INVESTSMART 37.5

12-12-2007 INFOMEDIA 18 MULTIPLE ACQUIRERS 19.29

17-12-2007 INATECH INFOSOLUTIONS CALIFORNIA SOFTWARE CO

6.17

17-12-2007 SHAKUMBARI SUGAR AND ALLIED

INDIA GLYCOLS 0.32

20-12-2007 BHARAT HEAVY PLATE & VESSELS

BHARAT HEAVY ELECTRICALS

8.6

20-12-2007 JATAAYU SOFTWARE PRIVATE

BHARTI AIRTEL ___

20-12-2007 NASHIK PEOPLES CO- OPERATIVE

SARASWAT CO-OPERATIVE BANK L

--

26-12-2007 STANDARD SALT WORKS STANDARD INDUSTRIES ---

27-12-2007 RAM RATNA WIRES MULTIPLE ACQUIRERS 0.44

28-12-2007 VICTOR HOTELS AND MOTELS

DELTA CORP ---

02-01-2008 BHASKAR MULTINET HATHWAY CABLES AND

DATACOM P 9.8

07-01-2008 NETWORK PROGRAMS INDIA

ACCEL FRONTLINE ---

07-01-2008 UNICORN SEEDS ADVANTA INDIA --

07-01-2008 BRIGHTEST CIRCLE JEWELLERY P

GITANJALI GEMS ---

07-01-2008 PVP VENTURES PVT PVP VENTURES 776.96

09-01-2008 M HOLDCOL INDIABULLS PROPERTIES INVEST

1622.57

15-01-2008 MULTIPLE TARGETS CHD DEVELOPERS ---

22-01-2008 Q-SOFT SYSTEMS & SOLUTIONS

CAMBRIDGE TECHNOLOGY ENTERPR

3.29

22-01-2008 SPORTING AND OUTDOOR AD-AGEN

PROVOGUE (INDIA) ---

22-01-2008 REGIUS INFOTECH PVT RELIGARE TECHNOVA

GLOBAL SOL 33.89

24-01-2008 KENNETH BUILDERS AND DEVELOP


24-01-2008 GLOBAL TRADE FINANCE STATE BANK OF INDIA 131.88

30-01-2008 KOLKATA TV ILABS CAPITAL 5.08 31-01-2008 RAMSARUP LOHH UDYOG RAMSARUP INDUSTRIES 164.91 01-02-2008 EURO MOTORS PVT T&T MOTORS 1.2

07-02-2008 CATHERINE BUILDERS AND DEVEL


14-02-2008 GULSHAN SUGARS & CHEMICALS

GULSHAN POLYOLS 26.91

15-02-2008 SURYA ORGANIC CHEMICALS PVT

TILAKNAGAR INDUSTRIES ---

CCXX

18-02-2008 INDIAN EXPRESS NEWSPAPER

INDIAN EXPRESS ---

18-02-2008 UTV SOFTWARE COMMUNICATIONS

MULTIPLE ACQUIRERS 167.58

22-02-2008 BHIMAD COMMERCIAL CO PVT

PIDILITE INDUSTRIES 0

22-02-2008 MADHUMALA TRADERS PVT

PIDILITE INDUSTRIES 0

23-02-2008 CENTURION BANK OF PUNJAB

HDFC BANK 2813.25

25-02-2008 SANGAM LABORATORIES PVT

CAMLIN FINE CHEMICALS ---

26-02-2008 BENAKA SPONGE IRON PVT BHUWALKA STEEL

INDUSTRIES 2.51

28-02-2008 LEHREN ENTERTAINMENT ILABS CAPITAL ---

28-02-2008 DEV PROPERTY DEVELOPMENT PLC

INDIABULLS REAL ESTATE 244.42

29-02-2008 NEPTUNE ENCLAVE PVT INDIA BASKET 20

07-03-2008 MULTIPLE TARGETS INFRASTRUCTURE DEV

FINANCE 205

10-03-2008 RENAISSANCE RETAIL VENTURE P

GITANJALI GEMS ---

10-03-2008 TRINITY WATCH CO PVT GITANJALI GEMS ___

11-03-2008 DIGICOMP COMPLETE SOLUTIONS

ALLIED DIGITAL SERVICES ---

11-03-2008 ACC MACHINERY CO HNG GROUP 11.12

15-03-2008 AP PRAKASH SHIPPING CO QUIPPO INFRASTRUCTURE

EQUIPM 60

17-03-2008 MULTIPLE TARGETS FUTURE CAPITAL

HOLDINGS ---

24-03-2008 HOTEL BOOKING SOLUTIONS INC

IBS SOFTWARE SERVICES ---

25-03-2008 COROMANDEL ELECTRIC CO

INDIA CEMENTS 1.64

31-03-2008 KRISHNADEEP MARKETING S ERVIC

INDIANIVESH 0

31-03-2008 INDIANIVESH MANAGEMENT CONSU

INDIANIVESH 0

31-03-2008 BREMER PHARMA GMBH RFCL ---

31-03-2008 MEDIA WORLDWIDE PVT SAHARA INDIA

COMMERCIAL CORP 17.45

03-04-2008 CC HEALTH CARE PRODUCTS PVT

COLGATE PALMOLIVE (INDIA)

---

04-04-2008 UBM-CYBER MEDIA LLC CYBER MEDIA (INDIA) ---

04-04-2008 JAMIRAH TEA CO JOONKTOLLEE TEA & INDS 2.15

07-04-2008 TORRENT CABLES TORRENT CABLES ___

09-04-2008 KSHITIJ CAPITALAND MALL MANA

FUTURE CAPITAL HOLDINGS

0.14

10-04-2008 L J CREATIONS PVT RENAISSANCE JEWELLERY ---

16-04-2008 SREEVEN INFOCOM PRIVATE

DHANUSH TECHNOLOGIES ---

21-04-2008 NATIONAL INFRACON OMAXE 0.02

ccxxi

21-04-2008 GOLDEN GLADES BUILDERS PVT L

OMAXE 0

22-04-2008 MM ASSOCIATES EPIC ENERGY ---

22-04-2008 EOFFICEPLANET JOINT VENTURE ' ---

23-04-2008 KARADI TALES ACK MEDIA ---

23-04-2008 BHANDARI HOSIERY EXPORTS


02-05-2008 GODREJ GLOBAL SOLUTIONS

TRICOM INDIA 4.83

03-05-2008 CAMPHOR & ALLIED PRODUCTS

ORIENTAL AROMATICS 4.22

05-05-2008 NATURAL TECHNOLOGIES PVT

HCL INFOSYSTEMS 2.06

05-05-2008 AZTECSOFT MINDTREE 15.25

08-05-2008 SEMAC PVT REVATHI EQUIPMENT 10.9

09-05-2008 SHRI GANAPATI FERTILISERS LT

DCM SHRIRAM CONSOLIDATED

---

09-05-2008 MULTIPLE TARGETS GVK POWER &

INFRASTRUCTURE ___

09-05-2008 INDORAMA CEMENT MYSORE CEMENTS 59.38

09-05-2008 HEIDELBERG CEMENT INDIA PVT

MYSORE CEMENTS 0.77

10-05-2008 STARSHINE LAND DEVELOPERS PV

NILKAMAL 0

16-05-2008 GUARDWELL DETECTIVE SERVICES

TOPSGRUP 5.39

20-05-2008 LOGIC BYTES PVT RANKLIN SOLUTIONS 0.22

22-05-2008 XLNC INFOTECH SOLUTIONS PVT

ACCEL FRONTLINE ---

26-05-2008 IT NATION UTV SOFT'WARE

COMMUNICATIONS 3.51

29-05-2008 MAFATLAL FINANCE COMPANY

INVESTOR GROUP 0.15

30-05-2008 MULTIPLE TARGETS SUJANA METALS

PRODUCTS 42.64

06-06-2008 USHA INTERNATIONAL JAY ENGINEERING WORKS

/TH ---

10-06-2008 EUREKA FINSTOCK PVT GITANJALI GEMS ___

10-06-2008 DECENT SECURITIES & FINANCE

GITANJALI GEMS ---

10-06-2008 ANR SECURITIES PVT OSCAR INVESTMENTS 0.88

11-06-2008 TRANSWORLD GARNET INDIA PVT

VV MINERAL 19.54

16-06-2008 VEERAS INFOTECH PVT GEMINI

COMMUNICATIONS 1.63

18-06-2008 LEADAGE ALLOYS INDIA EXIDE INDUSTRIES 8.14

19-06-2008 AXIOM TECHNOLOGIES PVT

ICRA ---

23-06-2008 MONICA BROADCASTING PVT

INDUS NETWORKS ---

25-06-2008 SPICE COMMUNICATIONS IDEA CELLULAR 327.87

ccxxii

25-06-2008 SPICE COMMUNICATIONS MULTIPLE ACQUIRERS 456.77

30-06-2008 EYEGLOBAL TECHNOLOGIES PVT L

KARROX TECHNOLOGIES

07-07-2008 MGM FORGINGS PVT AMW HOLDINGS 28

07-07-2008 ESCOTERIC REALTTY PVT VYAPAR INDUSTRIES ___

10-07-2008 THEMIS LABORATORIES JACOB BALLAS CAPTTAL

INDIA P 20.95

10-07-2008 SHIRISH PATEL ASSOCIATE CONS

SUMER INFRASTRUCTURE PVT

2.16

11-07-2008 ORBTT RESIDENCY PVT ORBTT CORPORATION --

11-07-2008 AHINSA BUILDTECH PVT ORBTT CORPORATION

11-07-2008 BND GAS PRIVATE SPICE ENERGY GROUP ___

16-07-2008 SATHIAN SUN POWER SYSTEMS

EPIC ENERGY

18-07-2008 SPL POLYMERS SUPREME PETROCHEM 0.86 23-07-2008 RATNAPRAHHA SUGARS SHREE RENUKA SUGARS 5.64 23-07-2008 GODAVARI BIOFUEL PVT SHREE RENUKA SUGARS 0.43

24-07-2008 B VIJAY RETAIL VENTURES PVT

GITANJALI GEMS ---

25-07-2008 UNIThD NEW MEDIA VENTURES LT

UTV SOFTWARE COMMUNICATIONS

---

30-07-2008 PERLECAN PHARMA PVT DR. REDDY'S LABORATORIES

18

30-07-2008 PUNJAB TRACTORS MAHINDRA & MAHINDRA 87.58

31-07-2008 APIAN FINANCE & INVESTMENT L

FINANCIAL TECHN (INDIA) 0.35

05-08-2008 MULTIPLE TARGETS PARENTERAL DRUGS

INDIA ---

08-08-2008 BURNPUR NATURAL RESOURCES PV

BURNPUR CEMENT

08-08-2008 UTV GLOBAL BROADCASTING

UTV SOFTWARE COMMUNICATIONS 56.99

22-08-2008 UNIFREIGHT INDIA PVT AFL PRIVATE 11.54

01-09-2008 SOUTH INDIAN CO- OPERATIVE BA

SARASWAT CO-OPERATIVE BANK L

--

01-09-2008 BLACKSTONE GROUP TECHNOLOGIE

SHRIRAM EPC 6.57

10-09-2008 SAI SERVICE STATION MULTIPLE ACQUIRERS 6.12

11-09-2008 MAHINDRA HINODAY INDUSTRIES

MAHINDRA & MAHINDRA ---

15-09-2008 POKARNA ENGINEERED STONE

POKARNA ---

17-09-2008 SUVIK HI-TEK PVT AMBALAL SARABHAI ENT --

19-09-2008 CORUSCANT TEC PVT MUKTA ARTS

03-10-2008 VISION ENGINEERING PVT TRIVITRON MEDICAL

SYSTEMS PV ---

06-10-2008 BHURUKA GASES BHURUKA GASES

HOLDINGS PVT L 3.02

07-10-2008 GVK AVIATION PVT UNNAMED BUYER ---

08-10-2008 CTTIGROUP GLOBAL SERVICES LT

TATA CONSULTANCY SVS 512

ccxxiii

09-10-2008 A STRIX LABORATORIES MATRIX LABORATORIES ___

20-10-2008 TAKSHILA MANAGEMENT SERVICES

EDUCOMP SOLUTIONS ---

20-10-2008 HI-FLYERS TRAVEL SERVICES PV

PANORAMIC UNIVERSAL ---

20-10-2008 GOKAK SUGARS SHREE RENUKA SUGARS 14.18

22-10-2008 VINDHYA BANKERS TRANSWARRANTY

FINANCE

24-10-2008 DSK GLOBAL EDUCATION & RESEA

D.S. KULKARNI DEVELOPERS

---

24-10-2008 DATACARD SOFTWARE INDIA PVT


04-11-2008 LOTUS INDIA ASSET MANAGEMENT

RELIGARE ENTERPRISES ---

07-11-2008 VIRAJ FORGINGS VIRAJ ALLOYS 12.54

11-11-2008 PHOENIX SURGICARE PVT ALFA TRANSFORMERS ---

12-11-2008 MULTIPLE TARGETS OMAXE -_-

14-11 -2008 NETFLIER HNC° BENGAL & ASSAM CO ---

14-11-2008 ASHIM INVESTMENT CO BENGAL & ASSAM CO ___

21-11-2008 INDIA FOILS ESS DEE ALUMINIUM 21.98

11-12-2008 ORIENT INFORMATION TECH

IT PEOPLE INDIA 1.34

23-12-2008 CITI TECHNOLOGY SERVICES

WIPRO 127

29-12-2008 LAXMI NIRMAL PETROCHEMICALS

CELLULOSE PRODUCTS OF INDIA

---

29-12-2008 GARG DISTILLERIES PVT CELLULOSE PRODUCTS OF

INDIA ---

02-01-2009 BLACK DIAMOND FINANCE FUTURE CAPITAL

HOLDINGS ---

12-01-2009 WHITE HORSE REAL ESTATE CO P

BOMBAY DYEING & MFG CO

0

12-01-2009 MULTIPLE TARGETS UNNAMED BUYER ___

23-01-2009 MARINE CABLES AND WIRES PVT

UNIFLEX CABLES ---

28-01-2009 KERALA VAIDYASHALA YASH BIRLA GROUP ___

04-02-2009 GATEWAY EAST INDIA PVT GATEWAY DISTRIPARKS 0.96

11-02-2009 DSK SEZ PROJECTS PUNE PVT LT

Source: SEBI official website

ccxxiv

APPENDIX H: TABLE SHOWING PRE AND POST MERGER EVA AND

PFM VALUES

PFM (Rs. Cr.) EVA (Rs. Cr.) PRE MERGER POST MERGER PRE MERGER POST MERGER

176.69 1381.83 542.95 -1901.62 325.14 -689.67 336.29 3314.02 530.88 -1436.18 480.79 402.52 318.05 -3043.08 680.90 1435.43 -281.81 2481.41 -183.19 295.31 176.69 318.05 542.95 680.90 325.14 -281.81 336.29 -183.19 530.88 1381.83 480.79 -1901.6f 905.23 -689.67 342.91 3314.02 -421.11 -1436.18 738.36 402.52

-67795.55 -3043.08 -498.89 1435.43 47839.25 2481.41 314.94 295.31

932.21 2015.49 -540.79 -5470.95 -349.33 -1585.96 496.62 -5407.84 905.23 -29.78 342.91 -2596.17 -421.11 -478.05 738.36 -669.43 3267.30 -67795.55 -3206.99 -498.89 -1277.84 47839.25 900.57 314.94 4446.16 932.21 734.15 -540.79 -1935.95 -349.33 1329.24 496.62 58912.88 2015.49 5905.06 -5470.95 18385.35 -1585.96 995.62 -5407.84 6483.24 -29.78 2493.11 -2596.17 19388.19 -478.05 -2428.62 -669.43 -1539.95 939.13 377.43 -5435.98 -1198.50 1353.42 165.72 7749.80 2338.09 1377.09 -125.46 -690.35 458.69 -5239.35 -3008.03 1672.20

4513.00 1314.50 512.66 -1002.27 579.25 -4930.25 -3364.30 492.27 410.39 -65515.10 901.28 -8321.23 347.90 11032.73 729.08 20116.70

-7212.09 -10764.56 1969.23 5933.43 -3714.99 3743.05 927.47 -6413.73 1357.15 -3574.05 -960.86 5782.85 3896.43 -284.72 99.69 -384.33 -1718.83 -1443.05 -1932.76 887.51

CCXXV

-385.44 13743.12 1132.06 -855.64

-1790.26 -5695.27 682.61 1974.39

-10228.73 -16221.85 1367.62 157.22

4138.00 12506.61 682.20 -8749.35

-595.77 -30264.59 -1338.29 8008.65

4837.75 17187.40 252.60 -1528.87

1516.89 -6617.31 -399.13 -17786.11

-102.90 1091.51 486.69 11001.44

894.94 -5987.20 295.96 -413.10

944.94 -191495.37 418.64 2386.30

155.84 108201.77 781.04 -2193.28

887.56 3718.67 1176.91 1405.47

-7144.52 -494.51 1316.56 -1622.27

-16801.14 -14254.54 1216.99 987.45

-8997.70 9528.60 2376.09 1592.54

1648.36 -2767.10 1703.72 2874.44

2925.73 -19267.29 1920.25 1865.43

5428.00 14881.38 -292.60 1730.20

128.98 5844.65 669.64 239.63

1699.59 5169.65 467.21 -9761.51

1686.99 19277.48 -93.75 8425.72

-2914.07 2625.05 318.78 -887.32

2307.20 5950.24 3063.46 1029.28

6200.95 1188.43 -13254.23 -1144.77

6281.71 33359.91 1493.48 647.38

1763.83 7180.19 -3323.26 -46901.23

-2914.07 -13904.64 1659.53 35270.10

2307.20 20545.36 318.78 -10162.76

-1448.03 -1448.03 3063.46 808.63

6200.95 6200.95 808.63 -13254.23

6281.71 6281.71 -13254.23 1493.48

1763.83 1763.83 1493.48 -3323.26

-2914.07 33359.91 -3323.26 1659.53

2307.20 7180.19 1659.53 -46901.23

-4611.70 -13904.64 318.78 35270.10

1137.84 20545.36 3063.46 -10162.76

1279.66 -1448.03 1804.70 808.63

-3441.09 33359.91 1217.96 -46901.23

3610.18 7180.19 527.65 35270.10

2.73 -13904.64 321.34 -10162.76

-2859.31 20545.36 58.88 -2582.63

4016.78 -6164.28 149.73 5585.05

ccxxvi

5900.77 -7947.87 21.65 -5748.23 3610.18 7174.15 -184.69 3998.65

2.73 -1728.51 160.68 -1398.89 -2859.31 4608.23 -1127.16 -1648.89 4016.78 2859.69 103.38 6153.13 3186.13 4736.35 -347.35 915.80 161.65 8969.94 167.02 2212.20 6.93 -22512.51 115.37 -2501.87

-762.64 22064.99 109.95 1839.72 5681.82 5900.77 -1008.84 -1648.89 -301.94 2859.69 1980.53 6153.13 3186.13 4736.35 1449.28 915.80 161.65 8969.94 1715.38 2212.20 6.93 -22512.51 1839.72 -2501.87

-762.64 22064.99 -1008.84 -2546.67 -6137.47 9813.33 1980.53 2428.03 2457.45 -61.73 1449.28 763.05 5681.82 -6137.47 1715.38 1030.55 -301.94 2457.45 -667.98 -248.60 3186.13 5681.82 602.20 555.83 161.65 -301.94 287.56 -2546.67 6.93 9813.33 782.14 2428.03

-762.64 -61.73 -248.60 763.05 -41429.83 -6137.47 555.83 1030.55 18967.61 2457.45 -667.98 -2546.67

182.31 9813.33 602.20 2428.03 -3412.22 -61.73 287.56 151.83 9867.78 5584.61 782.14 1713.65 -824.89 -10914.54 763.05 -1841.35

-4168.35 2372.55 1030.55 798.26 -41429.83 -4168.35 -248.60 151.83 18967.61 5584.61 555.83 1713.65

182.31 -10914.54 -667.98 -1841.35 -3412.22 2372.55 602.20 -2115.23 9867.78 1276.07 287.56 2714.84 -824.89 -36.71 782.14 37.31 393.13 6322.82 10.64 218.73 555.84 3305.59 151.79 -3146.13 -7.55 7447.33 -610.21 -45057.12

-112.59 -536541.61 1008.39 61389.75 -784.68 138494.15 713.47 7238.67

-10167.14 108657.05 476.69 14037.23

ccxxvii

18319.07 73607.24 798.26 -9373.16 -9941.70 -9941.70 10.64 9704.61 -6684.51 -6684.51 151.79 -6732.44 6700.57 6700.57 -610.21 12211.67 5729.52 5729.52 1008.39 -45057.12

-10167.14 -536541.61 713.47 61389.75 18319.07 138494.15 476.69 7238.67 1936.08 108657.05 106.04 14037.23 163.96 73607.24 -356.09 -1910.06 0.80 8708.38 427.81 2174.76 12.97 -4038.66 315.33 58.58

8237.09 -2398.66 835.58 480.90 -5002.32 -87563.81 8627.45 -86.87 -1136.22 87580.13 6677.96 214.55 6213.79 2120.45 -9373.16 -45120.31 4266.81 10843.61 9704.61 32359.46 1478.96 9306.87 -6732.44 -7442.57 2106.19 5179.63 12211.67 -10009.10 510.35 3018.96 8627.45 2028.88 525.06 -890.09 6677.96 -1062.43

63510.18 898.43 -94.85 359.76 -67838.13 2583.39 192.21 -685.47 19123.89 3739.76 106.23 142.78

-20711.54 2176.30 161.88 -178.01 6985.32 4297.17 2087.51 243.53 1927.78 -1848.80 -12319.12 -2859.47 2260.37 71603.67 1467.15 9380.95 -1073.78 2618.88 -13152.30 2519.45

35.25 -67838.13 5177.96 3297.03 -7.53 19123.89 2574.61 -801.43 22.58 -20711.54 4926.23 -2859.47 -4.28 71603.67 142.95 9380.95

11832.40 2618.88 547.85 -1521.34 -12393.23 26957.02 1681.42 4783.40 -5741.39 -4294.52 11.27 2258.34 -5065.14 -10326.68 10.91 2459.33 11503.31 -10766.36 2519.45 -270.64

-29004.26 10068.21 3297.03 1492.70 455.40 -4412.87 -801.43 -5406.33

11832.40 762.38 1681.42 1456.74 -12393.23 -9645.28 11.27 926.90 -24510.08 -23.29 10.91 1011.11

ccxxviii

-5741.39 27853.32 -1058.12 65.15 -5065.14 2950.11 1402.29 33.02 11503.31 307.36 458.51 -1703.04 -29004.26 49163.02 523.34 6843.05

455.40 -11403.89 -12.03 1612.81 11832.40 -24510.08 22.08 2242.02 -12393.23 -5741.39 9.87 -2875.18 -32975.59 -5065.14 19.40 1005.97 -42674.67 11503.31 1297.46 -2807.36

1480.01 -29004.26 1995.01 1890.72 21640.43 455.40 2242.02 -1703.04 -31985.85 49163.02 -2875.18 6843.05

-11403.89 1005.97 1612.81 -24510.08 -2807.36 -1703.04 49163.02 1890.72 6843.05 -11403.89 1297.46 -817.26 18538.69 1995.01 1017.83 -2654.72 1612.81 -153.74 -11565.29 2242.02 30.47 -1380.04 -2875.18 -626.41 -21592.94 1005.97

-2807.36 1890.72 1297.46 1995.01 43.37

-1550.45 1188.23 609.82 2354.44 427.10 170.48

ccxxix

Documents

APPENDIX - A: ALL VARIABLES - Information and …shodhganga.inflibnet.ac.in/bitstream/10603/12684/13/13...TATA POWER 6474.63 1088.39 11115.65 -2308.67 -317.56 -1330.36 3183.97 420.68