RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

QUANTITATIVE FACTORS (From Audited Restated Financial Statements)
1. Adjusted Earning Per Share (EPS)
Year
EPS
Weight
(Rs.)
2006-07 11.25 1
2007-08 10.58 2
2008-09 10.55 3
Weighted Average 10.68
Three Months ended 30.06.2009 (Annualised) 22.12
Note:
a. EPS calculations have been done in accordance with Accounting Standard 20 – “Earnings
per share” issued by the Institute of Chartered Accountants of India.
c. The weighted average of adjusted EPS for these fiscal years have been computed by giving
weights of 1, 2 and 3 for the fiscal years ending March 31, 2007, 2008 and 2009
respectively.
2.
Price Earnings (P/E) Ratio in relation to Issue Price of Rs. 90 (Lower end of the
price band)
a. Based on results for Financial Year ended March 31, 2009,
8.53
EPS of Rs. 10.55
b. Based on weighted average, EPS of Rs. 10.68 8.43
c. Based on annualised EPS of Rs. 22.12 for 3 months ended
30.06.2009
4.07
Price Earnings (P/E) Ratio in relation to Issue Price of Rs. 100 (Higher end of the
price band)
a. Based on results for Financial Year ended March 31, 2009,
9.48
EPS of Rs. 10.55
b. Based on weighted average, EPS of Rs. 10.68 9.36
c. Based on annualised EPS of Rs. 22.12 for 3 months ended
30.06.2009
Industry P/E Ratio
Breweries & Distilleries Industry P/E (*)
4.52
Highest (United Breweries) 58.67
Lowest (Indage Vinters) 2.43
Industry Composite 30.5
(*) – Source: P/E for Industry Composite Capital Market – July 27, 2009 –August 09,
2009 Vol XXIV/11; Breweries & Distilleries Industry. P/E Multiples for highest
and lowest is based on Market Price on 14.08.2009 at BSE (Source : BSE
Website)
3. Average Return on Net Worth (“RoNW”)
Year
RONW Weight
(%)
2006 – 07 33.95 1
2007 – 08 26.99 2
2008 – 09 21.64 3
Weighted Average 25.48
Three Months ended 30.06.2009 (Annualised) 40.73
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