APOLLO TYRES

BALANCE SHEET (In Rs. Cr)

2023 2022 2021 2020
ASSETS
Non-current assets
Property, plant and equipment 11301.20 11263.09 9672.05 8632.18
Capital work-in-progress 134.50 548.04 1029.96 1272.00
Investment property
Right of use assets 466.51 522.34 524.49 620.97
Intangible assets 46.21 43.90 37.60 32.04
Financial assets
Investments 2421.36 2423.99 2409.72 2409.52
Loans
Other financial assets 401.99 394.05 368.83 232.61
Other non-current assets 57.77 33.61 223.24 365.05
Total non-current assets 14829.54 15229.02 14265.89 13564.37
Current Assets
Inventories 2276.87 2463.89 2076.60 1808.25
Financial assets
Investments 401.69 450.75 90.07
Trade receivables 1588.39 995.99 732.04 445.08
Cash and cash equivalents 500.44 315.40 225.81 225.63
Bank balances other than cash and cash 10.22
equivalents 210.02 1174.44 10.96
Loans
Other Financial Assets 236.54 128.41 289.70 74.74
Current Tax Assets (Net)
Other current assets 270.95 229.06 308.91 352.89
Total current assets 5285.11 4793.52 4897.57 2917.55
Total Assets 20114.64 20022.54 19163.46 16481.92
EQUITY AND LIABILITIES
Equity
Equity share capital 63.51 63.51 63.51 57.21
Other equity 9836.39 9454.97 9409.05 7634.94
Total Equity 9899.90 9518.48 9472.56 7692.15
Liabilities
Non-current Liabilities
Financial Liabilities
Borrowings 3174.81 3531.01 3660.43 3208.32
Lease liabilities 400.63 466.70 465.16
Other financial liabilities 3.07 531.90
Provisions 49.30 49.04 49.48 50.33
Deferred tax liabilities (net) 795.54 705.33 673.37 531.27
Other non-current liabilities 260.97 605.73 510.48 375.45
Total non-current liabilities 4681.25 5357.81 5361.99 4697.27
Current Liabilities
Financial liabilities
Borrowings 900.65 855.28 686.10 1118.07
Trade payables 2429.11 2784.41 1929.26 1610.71
Lease liabilities 93.10 84.93 69.94
Other financial liabilities 400.65 964.47 1161.33 1018.26
Other current liabilities 1481.93 217.98 219.14 109.29
Provisions 207.24 194.78 192.34 180.19
Current tax liabilities (net) 20.82 44.39 70.79 55.95
Total current liabilities 5533.50 5146.24 4328.90 4092.47
Total Equity and Liabilities 20114.65 20022.53 19163.45 16481.89
 2019 2018

6368.08 5679.32
654.90 671.79

31.44 34.55

2232.57 1639.38

121.06 88.29
730.45 152.33
10138.50 8265.66

2051.48 1721.49

- 1339.05
779.50 550.15
210.38 254.45

7.19 6.07
- 571.81
28.34 43.31

433.56 390.60
3510.45 4876.93
13648.95 13142.59

57.21 57.21
7583.96 7203.40
7641.17 7260.61

2443.86 1864.39

1.53 13.16
49.88 45.07
575.46 544.34
287.95 343.34
3358.68 2810.30
 292.51 647.42
1368.66 1512.57

457.26 319.32
284.29 234.20
165.98 265.12
80.40 93.04
2649.10 3071.67
13648.95 13142.58
 APOLLO TYRES LTD
PROFIT AND LOSS STATEMENT (in Rs.crores)
2023 2022 2021 2020
Revenue from Operations 17301.019 14649.404 11733.401 11068.32
Other Income 75.126 126.90 121.52 28.61
Total Income 17376.145 14776.3 11854.924 11096.93
Expenses
Cost of materials consumed 10693.772 9493.771 6238.317 6072.95
Purchase of stock-in-trade 962.817 846.59 694.83 651.73

Changes in inventories of finished goods,

stock-in-trade and work-in-progress 45.554 (348.45) 6.92 112.83
Excise duty on sales - -
Employee benefits expenses 1025.915 1,024.02 910.90 826.12
Finance costs 467.228 382.16 379.41 225.70
Depreciation and amortisation expense 907.05 823.91 713.38 620.71
Other expenses 2462.042 2202.681 1848.114 2005.52
Total expenses 16564.378 14424.68 10791.869 10515.56
Profit before Interest, Depreciation & Tax
(PBIDT) 2186.045 1557.689 2155.846 1427.78
Profit before exceptional items and tax 811.767 351.62 1063.055 581.37
Exceptional items (1.27) (11.02)
Profit before tax 811.767 350.352 1052.039 581.37
Tax expense - -
Current tax expense 147.715 61.16 190.44 102.66
Deferred tax 85.314 28.13 138.78 -29.90
Total tax 233.029 89.288 329.218 72.76
Net profit for the year 578.738 261.064 722.821 508.61
Other comprehensive Income / (loss) (9.10) (7.13) 0.62 (26.62)

Total Comprehensive income for the year 587.838 268.198 722.202 535.23
Other Equity Balance as on march 31 9836.39 9454.97 9409.05 7634.94
 2019 2018
12353.77 10556.91
111.47 119.50
12465.24 10676.41

7583.84 6281.15
735.53 251.76

(261.47) 12.55
- 254.89
737.24 709.68
137.86 137.54
446.33 364.38
2079.51 1797.18
11458.84 9809.13

1590.59 1369.2
1006.4 867.28
200.00
1206.4 867.28

180.65 188.47
33.63 56.46
214.28 244.93
992.12 622.35
(4.67) 6.42

996.79 615.93
7583.96 7203.41
 MRF LTD
BALANCE SHEET (In Rs. Cr)
2023 2022 2021 2020 2019
ASSETS
Non-current assets
Property, plant and equipment 10024.10 9,445.06 9,366.80 8,820.72 6,751.32
Capital work-in-progress 3045.22 1,225.81 1,001.03 1,734.56 1,403.19
Investment property
Right of use assets
Intangible assets 25.94 21.21 24.31 28.46 16.20
Financial assets
Investments 1130.92 1,155.53 1,150.34 26.53 1,078.00
Loans 1.19
Other financial assets 24.08 73.76 21.61 30.44 16.34
Other non-current assets 811.14 827.82 548.02 555.59 642.13
Total non-current assets 15,062.59 12,749.19 12,112.11 11,196.30 9,907.18
Current Assets
Inventories 4,042.68 4,061.72 2,880.33 2,852.69 2,950.93
Financial assets
Investments 1,974.84 2,509.69 4,725.83 1,513.65 2,770.39
Trade receivables 2,442.36 2,283.26 2,112.50 2,257.03 2,361.62
Cash and cash equivalents 146.31 113.11 102.80 1,104.23 57.52
Bank balances other than cash and
cash equivalents 9.98 1.74 2.54 2.62 2.55
Loans 2.95 3.18 6.77 2.89 0.61
Other Financial Assets 103.66 766.97 60.28 50.75 33.91
Current Tax Assets (Net)
Other current assets 238.38 204.54 256.69 173.95 142.77
Total current assets 8,961.16 9,944.21 10,147.74 7,957.81 8,320.30
Total Assets 24023.75 22693.40 22259.85 19154.11 18227.48
EQUITY AND LIABILITIES
Equity
Equity share capital 4.24 4.24 4.24 4.24 4.24
Other equity 14,504.63 13,773.03 13,174.62 12,000.11 10,649.06
Total Equity 14508.87 13777.27 13178.86 12004.35 10653.30
Liabilities
Non-current Liabilities
Financial Liabilities
Borrowings 823.58 817.21 811.76 779.03 1,054.73
Lease liabilities 508.62 350.87 312.63
Other financial liabilities 106.83 327.48
Provisions 215.02 218.67 211.25 189.16 167.80
Deferred tax liabilities (net) 381.67 393.30 378.50 427.83 839.20
Other non-current liabilities 234.79 182.54 184.22 250.64 76.29
Total non-current liabilities 2163.68 2069.42 1898.36 1974.14 2138.02
Current Liabilities
Financial liabilities
Borrowings 1,153.50 1,186.51 334.27 241.99 408.86
 Lease liabilities 75.49 60.08 54.99
Trade payables 2757.45 2,774.32 4,109.56 2,340.14 2,327.64
Other financial liabilities 807.08 399.47 444.00 730.63 761.65
Other current liabilities 2,324.74 2,246.29 2,039.81 1,709.78 1,781.13
Provisions 232.94 180.04 199.73 153.08 149.23
Current tax liabilities (net) - - 7.85
Total current liabilities 7351.20 6846.71 7182.36 5175.62 5436.36
Total Equity and Liabilities 24023.75 22693.40 22259.58 19154.11 18227.68
 2018

6,057.84
1,078.84

17.47

1,092.00

16.33
342.31
8,604.79

2,172.07

3,054.02
2,135.92
98.79

39.84
1.90
8.64

185.41
7,696.59
16301.38

4.24
9,599.96
9604.20

1,319.33

152.74
619.01
58.08
2149.16

229.08
1,998.96
530.41
1,638.90
142.83
8.26
4548.44
16301.80
 MRF LTD
PROFIT AND LOSS STATEMENT (in Rs. Cr)
2023 2022 2021 2020 2019 2018
Revenue from Operations 22578.23 18989.51 15921.35 15991.14 15837 15181.05
Other Income 248.21 314.92 207.23 330.5 417.47 328.5
Total Income 22826.44 19304.43 16128.58 16321.64 16254.47 15509.55
Expenses
Cost of materials consumed 15526.9 13254.45 8853.63 9461.73 10220.4 8946.93
Purchase of stock-in-trade 35.23 17.01 15.78 22.3 29.86 44.89

Changes in inventories of finished

goods, stock-in-trade and work-in-
progress (339.63) (844.92) 359.36 24.88 (608.60) 76.04
Excise duty on sales - - - 405.15
Employee benefits expenses 1558.87 1471.94 1387.87 1320.51 1144.28 1074.65
Finance costs 298.06 247.01 264.72 274.26 247.79 245.17
Depreciation and amortisation
expense 1248.6 1201.41 1136.92 980.62 806.27 705.34
Other expenses 3459.54 3078.37 2410.03 2838.02 2805.58 2409.47
Total expenses 21787.57 18425.27 14428.31 14922.32 14645.58 13907.64
Profit before Interest, Depreciation
& Tax (PBIDT) 2585.53 2327.58 3101.91 2654.2 2662.95 2552.42
Profit before exceptional items and
tax 1038.87 879.16 1700.27 1399.32 1608.89 1601.91
Exceptional items 80.33
Profit before tax 1119.2 879.16 1700.27 1399.32 1608.89 1601.91
Tax expense
Current tax expense 309.1 221.95 489.72 401.8 330 390.77
Deferred tax (6.13) 9.87 -38.51 -397.46 182.02 118.86
Total tax 302.97 231.82 451.21 4.34 512.02 509.63
Net profit for the year 816.23 647.34 1249.06 1394.98 1096.87 1092.28

Other comprehensive Income / (loss) -21.01 14.67 -32.14 -9.61 -17.11 -1.89
Total Comprehensive income for the
year 795.22 662.01 1216.92 1385.37 1079.76 1090.39

Other Equity Balance as on march 31 14504.63 13773.03 13174.62 12000.11 10649.06 9599.96
 JK TYRE AND INDUSTRIES LTD
BALANCE SHEET (In Rs. Cr)
2023 2022 2021 2020 2019 2018
ASSETS
Non-current assets
Property, plant and equipment 3362.08 3346.52 3335.47 3489.99 3320.46 3566.82
Capital work-in-progress (Tangible + 104.80 73.33 64.12 60.88 73.80 83.31
Investment property 5.53
Right of use assets
Intangible assets 7.04 8.35 6.58 8.97 9.86 11.10
Financial assets
Investments 786.67 791.11 733.10 723.80 596.61 544.87
Loans
Other financial assets (including
loans) 48.65 121.20 133.41 151.31 128.61 136.52
Other non-current assets 48.28 16.79 15.10 28.28 35.41 33.97
Total non-current assets 4363.05 4357.30 4287.78 4463.23 4164.75 4376.59
Current Assets
Inventories 1291.67 1532.84 1194.58 1095.53 1136.12 1026.01
Financial assets
Investments 11.17
Trade receivables 1774.20 1667.38 1367.28 1436.03 1632.45 1289.72
Cash and cash equivalents 50.23 53.16 41.11 20.90 75.84 59.80
Bank balances other than cash
and cash equivalents 28.54 23.11 21.86 25.38 24.46 12.49
Loans -
Other Financial Assets 138.71 190.25 127.18 116.19 140.85 186.65
Current Tax Assets (Net) 27.07
Other current assets 321.38 320.78 216.42 331.23 230.91 227.15
Total current assets 3642.97 3787.52 2968.43 3025.26 3240.63 2801.82
Total Assets 8006.02 8144.82 7256.21 7488.49 7405.38 7178.41
EQUITY AND LIABILITIES
Equity
Equity share capital 49.25 49.25 49.25 49.25 49.24 45.36
Other equity 2839.97 2476.85 2349.14 2113.25 1945.88 1598.93
Total Equity 2889.22 2526.10 2398.39 2162.50 1995.12 1644.29
Liabilities
Non-current Liabilities
Financial Liabilities
Borrowings 849.03 972.06 1188.48 1465.00 1558.22 1475.75
Lease liabilities 47.04 58.70 88.52
Other financial liabilities 593.74 506.82 479.93 501.70 314.36 298.45
Provisions 32.99 30.80 28.88 31.33 26.66 24.15
Deferred tax liabilities (net) 369.77 342.76 311.43 243.67 404.91 373.84
Other non-current liabilities
Total non-current liabilities 1892.57 1911.14 2097.24 2241.70 2304.15 2172.19
Current Liabilities
Financial liabilities
 Borrowings 1698.28 1848.87 1145.59 1528.13 1451.85 1522.38
Lease liabilities 40.34 37.62 48.83
Trade payables 1036.86 1380.52 1196.15 943.71 979.10 961.39
Other financial liabilities 278.20 276.31 223.07 511.64 527.92 769.67
Other current liabilities 159.79 158.00 140.04 79.02 139.55 120.36
Provisions 10.76 6.26 6.90 21.79 7.69 6.13
Current tax liabilities (net)
Total current liabilities 3224.23 3707.58 2760.58 3084.29 3106.11 3379.93
Total Equity and Liabilities 8006.02 8144.82 7256.21 7488.49 7405.38 7196.41
 JKTYRES AND INDUSTRIES LTD
PROFIT AND LOSS STATEMENT (in Rs. Cr)
2023 2022 2021
Revenue from Operations 9617.92 8032.06 6134.52
Other Income 31.52 30.2 35.6
Total Income 9649.44 8062.26 6170.12
Expenses
Cost of materials consumed 5707.01 5099.09 3255.87
Purchase of stock-in-trade 1074.34 612.17 451.65
Changes in inventories of finished goods, stock-in-trade
and work-in-progress (19.60) (170.27) 84.52
Excise duty on sales
Employee benefits expenses 707.54 607.4 547.99
Finance costs 257.51 229.61 266.27
Depreciation and amortisation expense 242.58 240.74 245.99
Other expenses 1373.82 1183.17 943.48
Total expenses 9343.2 7801.91 5795.77
Profit before Interest, Depreciation & Tax (PBIDT) 806.33 730.7 886.61
Profit/Loss before exceptional items and tax 306.24 260.35 374.35
Exceptional items -36.17 3.95 21.21
Profit/Loss before tax 270.07 264.3 395.56
Tax expense
Current tax expense 72.41 96.41 128
Deferred tax 13.89 (15.15) 11.11
Total tax 86.3 81.26 139.11
Net profit for the year 183.77 183.04 256.45
Other comprehensive Income / (loss) (10.25) (6.08) (3.32)
Total Comprehensive income for the year 173.52 176.96 253.13
Other Equity Balance as on march 31 2839.97 2476.85 2349.14
2020 2019 2018
6094.84 7610.4 6578.5
25.39 79.27 32.45
6120.23 7689.67 6610.95

3157.83 4071.3 3748.74

769.42 1273.24 667.96

(40.98) (180.24) (69.80)

125.15
553.76 560.36 523.6
342.92 316.28 274.12
242.39 188.36 175.14
1002.57 1157.49 1095.5
6027.91 7386.79 6540.41
677.63 807.52 519.8
92.32 302.88 70.54
(7.15) 1.8 (6.69)
85.17 304.68 63.85

16.57 42.54 -2.48

(160.06) 57.74 23.24
(143.49) 100.28 20.76
228.66 204.4 43.09
(16.76) (10.27) (4.50)
211.9 194.13 38.59
2113.25 1945.88 1598.93