Building Future Ready PI

Robust Balance Sheet to drive future growth initiatives Pi Inspired by Science Fig in Rs Million Mar-21 Mar-22 Shareholders Fund 53,424 61,204 Non Current Liabilities 4,025 3,225 ◉ Net Sales to Fixed Assets ratio improved to 2.06 from 1.89 Long term borrowings 2,574 1,699 Other long term liabilities 1,451 1,526 Current liabilities 12,570 13,482 Short term borrowings 705 979 Trade payables 7,960 9,242 Other current liabilities 3,905 3,261 Total 70,019 77,911 Non Current Assets 25,088 28,272 Net Fixed Asset 23,429 24,842 Goodwill 828 828 Non current Investments 207 448 Other assets 624 2,154 Current Assets 44,931 49,639 Inventories 10,528 14,234 Trade receivables 8,517 10,018 Cash, Bank & Investments 23,274 22,650 Other assets 2,612 2,738 Total 70,019 77,911 Key Ratios (%) Annualised Net Sales to Fixed Assets 1.89 2.06 Net Sales to Trade Working Capital o Focused initiatives to improve fixed assets capital efficiency of CSM Exports Total capex for FY22 contained at Rs 3,204 million o Key focus remains of driving higher capacity utilisation Maintained higher inventory levels of Rs 14,234 million ○ To avert supply chain disruptions and meet customer supply schedules/continued operations Trade receivables DSO has remained relatively flat at 69 days as on 31-Mar-22 vis-a-vis 68 days as on 31-Mar-21 Payables in terms of Days of Sales has also remained flat at 64 days vs. 63 days as on 31-Mar-21 ■ Surplus cash net of debt is Rs 21,642 million. QIP funds remained invested into deposits and debt mutual funds with SLR philosophy while final deployment aligned with PI's longer term growth strategy is underway. 4.13 3.53 Debt/Equity Ratio 0.06 0.04 6

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