WiproStandalone (Rs. in Million)Standalone (Rs. in Million)ParticularsMar-13Mar-12Mar-11Mar-10Mar-09ParticularsMar-13Mar-12Mar-11Mar-10Mar-09No of Months1212121212Share Capital49264917490829362930Operating Income332296318034264012230063216128Share Warrants & Outstandings54990628417412328Less :Inter divisional transfers00000Total Reserves236820237702208010172245119891Less: Excise31120510078431055Shareholder's Funds242295243525213202176922125149Net Sales332265316829263005229220215073Minority Interest00000EXPENDITURE : Long-Term Borrowings00000Stock Adjustments-182449-316-111038Secured Loans504109600Raw Materials Consumed2701446561378293730434037Unsecured Loans8622012192585530250139Power & Fuel Cost23042334200514141540Deferred Tax Assets / Liabilities-623-268-108-348-577Employee Cost1590421331151093749046592422Other Long Term Liabilities118355265900Cost of Software developments3552433544261511983912092Long Term Trade Payables00000Operating Expenses48416123326426343389Long Term Provisions22892593273700General and Administration Expenses2268418916147201274613396Total Non-Current Liabilities237424702246425495449562Selling and Marketing Expenses16244704368137813084Current Liabilities00000Miscellaneous Expenses10079106538688713217670Trade Payables4922838922360991495715252Expenses Capitalised00000Other Current Liabilities3805420507124543378540391Total Expenditure262930256399205396174205177668Short Term Borrowings39870304102775400PBIDT (Excl OI)6933560430576095501537405Short Term Provisions3409427567269392230817999Other Income1325312274680786675378Total Current Liabilities1612461174061032467105073642Operating Profit8258872704644166368242783Total Liabilities405915385633341090302926248353Interest3524605713609981968ASSETS00000PBDT7906466647630566268440815Non-Current Assets00000Depreciation70137461600157965336Gross Block8318888078777936761357433Profit Before Taxation & Exceptional Items7205159186570555688835479Less: Accumulated Depreciation4409441580354233105025637Exceptional Income / Expenses00000Less: Impairment of Assets00000Profit Before Tax7205159186570555688835479Net Block3909446498423703656331796Provision for Tax1554912335861879085741Lease Adjustment A/c00000PAT5650246851484374898029738Capital Work in Progress378930123964991113118Adj to Profit After Tax-40260000Intangible assets under development00000Profit Balance B/F5168426663000Pre-operative Expenses pending00000Appropriations10416073514484374898029738Assets in transit00000Equity Dividend (%)350300300300200Non Current Investments4854762943601845874152467Earnings Per Share (Rs.)22.9419.0619.7433.3720.3Long Term Loans & Advances2435723605746400Book Value (Rs.)98.1598.6986.76119.3383.84Other Non Current Assets628010683998600Total Non-Current Assets12206714674112396810521597381Current Assets Loans & Advances00000Currents Investments6049540409479503092416378Inventories32057851724960694596Sundry Debtors8499479670578135016444464Cash and Bank7800462328520335664344092Other Current Assets3952234220291181753515186Short Term Loans and Advances1762814414229593637626256Total Current Assets283848238892217122197711150972Net Current Assets (Including Current Investments)12260212148611387612666177330Total Current Assets Excluding Current Investments223353198483169172166787134594Miscellaneous Expenses not written off00000Total Assets405915385633341090302926248353Contingent Liabilities2548826957150971889211468Total Debt6095052869474415530250139Book Value98.1598.6986.76119.3383.84Adjusted Book Value98.1598.6986.7671.650.3

TCSStandalone (Rs. in Million)Standalone (Rs. in Million)ParticularsMar-14Mar-13Mar-12Mar-11Mar-10ParticularsMar-14Mar-13Mar-12Mar-11Mar-10No of Months1212121212Share Capital1958.72957.22957.22957.22957.2Operating Income646760.8484269.6381044.8292756.8230444.5Share Warrants & Outstandings00000Less :Inter divisional transfers00000Total Reserves438560.1322665.3245609.1192837.7148209Less: Excise31.58.22.52.70Shareholder's Funds440518.8325622.5248566.3195794.9151166.2Net Sales646729.3484261.4381042.3292754.1230444.5Minority Interest00000EXPENDITURE : Long-Term Borrowings00000Stock Adjustments-0.702.68.713.8Secured Loans886.4815.8934.7323.3292.5Raw Materials Consumed398.4250.2117.8177.1237.3Unsecured Loans10.515.227.64064.9Power & Fuel Cost4632.53756.1292124002004.9Deferred Tax Assets / Liabilities-467.1202.6-216.4172.9-130.3Employee Cost307828.4238995.9188987.7147236.1117831.9Other Long Term Liabilities5981.71975.31553.31050.40Cost of Software developments24028.722198.619224.814199.112296.9Long Term Trade Payables922.7543.4422.6248.70Operating Expenses66354.754267.238748.628731.118184.9Long Term Provisions2796.12695.21547.8761.70General and Administration Expenses27050.920851.216816.112895.511499.4Total Non-Current Liabilities10130.36247.54269.62597227.1Selling and Marketing Expenses306.3350.7200.8157.372.7Current Liabilities00000Miscellaneous Expenses794.1528.84742.99213713.3Trade Payables39775.533499.428479.121533.820282.7Expenses Capitalised00000Other Current Liabilities24603.221727.115985.615842.712843.7Total Expenditure431393.3341198.7271762.3206725.9165855.1Short Term Borrowings0800.2000PBIDT (Excl OI)215336143062.710928086028.264589.4Short Term Provisions58278.338961.443890.124139.439266.1Other Income31148.322303.9314296554.43903.3Total Current Liabilities12265794988.188354.861515.972392.5Operating Profit246484.3165366.614070992582.668492.7Total Liabilities573306.1426858.1341190.7259907.8223785.8Interest234.1306.2164200.195.4ASSETS00000PBDT246250.2165060.414054592382.568397.3Non-Current Assets00000Depreciation10805.58028.66881.75378.24693.5Gross Block113157.391833.672820.260301.648712.1Profit Before Taxation & Exceptional Items235444.7157031.8133663.387004.363703.8Less: Accumulated Depreciation53865.440790.83218426079.821106.9Exceptional Income / Expenses00000Less: Impairment of Assets00000Profit Before Tax235444.7157031.8133663.387004.363703.8Net Block59291.951042.840636.234221.827605.2Provision for Tax50695.529168.423903.511304.47518.7Lease Adjustment A/c00000PAT184749.2127863.4109759.875699.956185.1Capital Work in Progress30475.317638.513998.210728.69407.2Adj to Profit After Tax23752.2-1030000Intangible assets under development00000Profit Balance B/F246028.5182352140692104581.399904.1Pre-operative Expenses pending00000Appropriations454529.9309185.4250451.8180281.2156089.2Assets in transit00000Equity Dividend (%)32002200250014002000Non Current Investments50985.559757.351470.654579.157699.3Earnings Per Share (Rs.)94.1865.2355.9738.6228.62Long Term Loans & Advances68207.845779.142805.128117.90Book Value (Rs.)224.9165.86126.4999.5376.73Other Non Current Assets15997.51933526891.826555.60Total Non-Current Assets224958193552.7175801.915420394711.7Current Assets Loans & Advances00000Currents Investments7338.73486.55413.33375.821234.6Inventories85.763.441.453.767.8Sundry Debtors144718.9112023.291077.248066.733323Cash and Bank125662.640541.632800.731205.233961.6Other Current Assets38963.233161.521762.410975.46744.9Short Term Loans and Advances3157944029.214293.81202833742.2Total Current Assets348348.1233305.4165388.8105704.8129074.1Net Current Assets (Including Current Investments)225691.1138317.37703444188.956681.6Total Current Assets Excluding Current Investments341009.4229818.9159975.5102329107839.5Miscellaneous Expenses not written off00000Total Assets573306.1426858.1341190.7259907.8223785.8Contingent Liabilities80027.373034.14854828076.221774.8Total Debt1154.81719.41042411.2357.4Book Value224.9165.86126.4999.5376.73Adjusted Book Value224.9165.86126.4999.5376.73

InfosysStandalone (Rs. in Million)Standalone (Rs. in Million)ParticularsMar-14Mar-13Mar-12Mar-11Mar-10ParticularsMar-14Mar-13Mar-12Mar-11Mar-10Share Capital28602870287028702870No of Months1212121212Share Warrants & Outstandings00000Operating Income443410367650312540253850211400Total Reserves418060357720294700242140217490Less :Inter divisional transfers00000Shareholder's Funds420920360590297570245010220360Less: Excise00000Minority Interest00000Net Sales443410367650312540253850211400Long-Term Borrowings00000EXPENDITURE : Secured Loans00000Stock Adjustments00000Unsecured Loans00000Raw Materials Consumed00000Deferred Tax Assets / Liabilities-5420-3220-1890-2300-810Power & Fuel Cost18101800154014201220Other Long Term Liabilities364012002102500Employee Cost243500199320154730124590103400Long Term Trade Payables00000Cost of Software developments3516024650310802503018050Long Term Provisions00000Operating Expenses14220143101056080706260Total Non-Current Liabilities-1780-2020-1680-2050-810General and Administration Expenses18020146401184095207580Current Liabilities00000Selling and Marketing Expenses1480151013001030870Trade Payables680178068085010Miscellaneous Expenses3890126086040430Other Current Liabilities4071028270236501770017620Expenses Capitalised00000Short Term Borrowings00000Total Expenditure318080257490211910169700137810Short Term Provisions6117037880360402473020350PBIDT (Excl OI)1253301101601006308415073590Total Current Liabilities10256067930603704328037980Other Income257602217018290114709220Total Liabilities521700426500356260286240257530Operating Profit1510901323301189209562082810ASSETS00000Interest6030201020Non-Current Assets00000PBDT1510301323001189009561082790Gross Block10420080600717306934063570Depreciation110109560794074008070Less: Accumulated Depreciation4688036070311202878025780Profit Before Taxation & Exceptional Items1400201227401109608821074720Less: Impairment of Assets00000Exceptional Income / Expenses0830578000Net Block5732044530406104056037790Profit Before Tax1400201235701167408821074720Lease Adjustment A/c00000Provision for Tax3808032410320402378017170Capital Work in Progress954011350588024904090PAT10194091160847006443057550Intangible assets under development00000Adj to Profit After Tax6300-84000Pre-operative Expenses pending00000Profit Balance B/F253830199930155910138060103050Assets in transit00000Appropriations356400291090239770202490161080Non Current Investments3968027640106801206011290Equity Dividend (%)12608409401200500Long Term Loans & Advances226901552014290122400Earnings Per Share (Rs.)178.22158.82147.56112.25100.26Other Non Current Assets100801502000Book Value (Rs.)735.87628.21518.41426.85383.9Total Non-Current Assets12933099120716106755053170Current Assets Loans & Advances00000Currents Investments27490158003410119034970Inventories00000Sundry Debtors7336063650540404212032440Cash and Bank24100020401019557015165097970Other Current Assets279902453018350126709160Short Term Loans and Advances2253019390132801106029820Total Current Assets392370327380284650218690204360Net Current Assets (Including Current Investments)289810259450224280175410166380Total Current Assets Excluding Current Investments364880311580281240217500169390Miscellaneous Expenses not written off00000Total Assets521700426500356260286240257530Contingent Liabilities19305540750274023770Total Debt00000Book Value735.87628.21518.41426.85383.9Adjusted Book Value367.94314.1259.21213.42191.95

HCL TechStandalone (Rs. in Million)Standalone (Rs. in Million)ParticularsJun-14Jun-13Jun-12Jun-11Jun-10ParticularsJun-14Jun-13Jun-12Jun-11Jun-10Share Capital14001393.71386.61377.41357.6No of Months1212121212Share Warrants & Outstandings2145.72199.32656.620772021.5Operating Income164973.7125178.289072.267944.850787.6Total Reserves153986.998784.462022.655137.145979.5Less :Inter divisional transfers00000Shareholder's Funds157532.6102377.466065.858591.549358.6Less: Excise00000Minority Interest00000Net Sales164973.7125178.289072.267944.850787.6Long-Term Borrowings00000EXPENDITURE : Secured Loans274.55326.65256.58471.110305.1Stock Adjustments647.578.3258.5-1094.8344.1Unsecured Loans00003668.8Raw Materials Consumed3453.72516.61805.12747.9510.6Deferred Tax Assets / Liabilities-3117.9-3766.9-2371.5-1330.6-1061.6Power & Fuel Cost2051.520131542.31269.4869.3Other Long Term Liabilities5154.34369.23496.3920.50Employee Cost51239.546286.139230.632590.921770.8Long Term Trade Payables00000Cost of Software developments17763.711397.58019.641073332.2Long Term Provisions1752.81659.81631.81007.20Operating Expenses2873.62562.32152.31846.41067.5Total Non-Current Liabilities4063.77588.78013.19068.212912.3General and Administration Expenses1232410926.58979.19726.48049.5Current Liabilities00000Selling and Marketing Expenses308.7310218.2232.7198.5Trade Payables3924.73332.93803.23401.66456Miscellaneous Expenses1206.53183.41767.91358.21080.7Other Current Liabilities40061.629784.518838.41323210768.8Expenses Capitalised00000Short Term Borrowings292.5824.81732.22.90Total Expenditure91868.779273.763973.652784.137223.2Short Term Provisions45120.933892.419118.611773.710780.9PBIDT (Excl OI)7310545904.525098.615160.713564.4Total Current Liabilities89399.767834.643492.428410.228005.7Other Income6595.13791.23012.21665.71717.7Total Liabilities250996177800.7117571.396069.990276.6Operating Profit79700.149695.728110.816826.415282.1ASSETS00000Interest816.5764.6972.71013.91013.6Non-Current Assets00000PBDT78883.648931.127138.115812.514268.5Gross Block49210.641458.834972.628805.722933.7Depreciation49074419.13530.72913.72740.3Less: Accumulated Depreciation24724.92191718835.515846.413495.4Profit Before Taxation & Exceptional Items73976.64451223607.412898.811528.2Less: Impairment of Assets00000Exceptional Income / Expenses00000Net Block24485.719541.816137.112959.39438.3Profit Before Tax73976.64451223607.412898.811528.2Lease Adjustment A/c00000Provision for Tax14130.48400.24103.2916962.4Capital Work in Progress51854881.95495.55186.94772PAT59846.236111.819504.211982.810565.8Intangible assets under development00000Adj to Profit After Tax08318.10-98.10Pre-operative Expenses pending00000Profit Balance B/F65971.231857.724357.122609.519209.7Assets in transit00000Appropriations125817.47722343861.334494.229775.5Non Current Investments35597.236097.229336.722406.514857Equity Dividend (%)500600600375200Long Term Loans & Advances7426.66766.66017.15135.80Earnings Per Share (Rs.)85.4951.8228.1317.415.57Other Non Current Assets941.38751532.81474.90Book Value (Rs.)220.09141.8689.8880.8669.74Total Non-Current Assets73635.868162.558519.247163.429067.3Current Assets Loans & Advances00000Currents Investments5562.94459.83642.84126.37475Inventories155.4818.4999.91249.7120.4Sundry Debtors32241.927092.119924.216572.620847Cash and Bank79110.828088.31041295379894.3Other Current Assets14853.2130819068.17469.54328.2Short Term Loans and Advances44109.934772.313912.69123.118544.4Total Current Assets176034.1108311.957959.648078.261209.3Net Current Assets (Including Current Investments)86634.440477.314467.21966833203.6Total Current Assets Excluding Current Investments170471.2103852.154316.843951.953734.3Miscellaneous Expenses not written off1326.11326.31092.5828.30Total Assets250996177800.7117571.396069.990276.6Contingent Liabilities14.252.942.92322374.5Total Debt5685.96265.810398.210301.613973.9Book Value220.09141.8689.8880.8669.74Adjusted Book Value220.09141.8689.8880.8669.74

Analysis Sheet YEAR ON YEAR REVENUE GROWTH %PRICE TO BOOK RATIOFY 2014FY 2013FY 2012FY 2011FY 2014FY 2013FY 2012FY 2011FY 2010TCS34%27%30%27%TCS9.76300578039.47666706869.232745671611.880839947810.1759416134INFOSYS21%18%23%20%INFOSYS2.24509763954.60021330455.52639802477.58289797356.8119301902WIPRO5%20%15%7%WIPRO5.52827305154.42952680115.05993545414.00821251998.4303435115HCL32%41%31%34%HCL6.39261211325.61081347815.3665999115.88980954745.1304846573 GROSS PROFIT MARGINSFY 2014FY 2013FY 2012FY 2011FY 2010TCS38%34%37%32%30%INFOSYS34%36%38%38%39%WIPRO25%23%24%28%20%HCL48%40%32%25%30%

NET PROFIT MARGINFY 2014FY 2013FY 2012FY 2011FY 2010FY 2014FY 2013FY 2012FY 2011FY 2010TCS29%26%29%26%24%TCS2195.71571.81167.851182.5780.8INFOSYS23%25%27%25%27%INFOSYS1652.12889.92864.943236.762615.1WIPRO17%15%18%21%14%WIPRO542.6437.15439478.3706.8HCL36%29%22%18%21%HCL1406.95795.95482.35476.25357.8

EARNING PER SHAREPRICE TO EARNING RATIOFY 2014FY 2013FY 2012FY 2011FY 2010FY 2014FY 2013FY 2012FY 2011FY 2010TCS94.1865.2355.9738.6228.62TCS23.313867063124.096274720220.865642308430.618850336627.2816212439INFOSYS178.22158.82147.56112.25100.26INFOSYS9.270003366618.196071023819.415424234228.835278396426.0831837223WIPRO22.9419.0619.7433.3720.3WIPRO23.653007846622.935466946522.239108409314.333233443234.8177339901HCL85.4951.8228.1317.415.57HCL16.457480407115.359899652617.147173835827.370689655222.9800899165

RETURN ON EQUITYPRICE/EARNING TO GROWTH RATIOFY 2014FY 2013FY 2012FY 2011FY 2010FY 2014FY 2013FY 2012FY 2011TCS42%39%44%39%37%TCS69.490686488788.953497374369.1882078796113.2401051587INFOSYS24%25%28%26%26%INFOSYS44.9857013957103.1936134683.9769201202143.599007138WIPRO23%19%23%28%24%WIPRO485.485800921112.0716127426150.8849616571217.9042564736HCL38%35%30%20%21%HCL73.334621100259.444640811367.102998642390.635880176

Sheet2