Page 223 - Kolte Patil AR 2019-20

Notes forming part of the Consolidated Financial Statements

41. EARNINGS PER SHARE
Year ended Year ended
Particulars
March 31, 2020 March 31, 2019
Net profit attributable to shareholders (` in Lakhs) 7,240 7,540
Nominal value of equity shares (Amount in Rs.) 10 10
Weighted average number of equity shares for basic (No. in Lakhs) 758 758
Weighted average number of equity shares for diluted EPS (No. in Lakhs) 762 762
Basic earnings per share – (Amount in Rs.) 9.55 9.95
Diluted earnings per share – (Amount in Rs.) 9.50 9.92

42. FINANCIAL INSTRUMENTS
i) Capital Management
The group’s capital management objectives are:
- to ensure the company’s ability to continue as a going concern
- to maximize the return to stakeholders through the optimization of the debt and equity balance.
The group monitors capital on the basis of the carrying amount of equity as presented on the face of the statement of financial position.
The company sets the amount of capital in proportion to its overall financing structure, i.e. equity and financial liabilities. The company
manages the capital structure and make adjustments to it in the light of changes in economic conditions and the risk characteristics of
the underlying assets.

a) Gearing Ratio:
The Gearing ratio at the end of the reporting period are as follows: (H in Lakhs)

As at As at
Particulars
March 31, 2020 March 31, 2019
Debt* (A) 72,867 80,701
Cash and bank balances (B) 8,032 4,168
Net Debt (C) = (A-B) 64,835 76,533
Total Equity (D) 91,982 84,602
Net debt to equity ratio ( E )=(C/D) 70.49% 90.46%

*Debt is defined as long-term and short-term borrowings.

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