Raj Oil Mills Key Ratios

Dupont Analysis

Metric	Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
ROE	19.84%	14.13%	19.36%	47.81%	59.20%
PAT margin	7.59%	5.54%	1.84%	0.87%	0.65%
Asset Turnover	4.23x	2.54x	2.66x	3.14x	3.41x
Leverage	7.25x	6.39x	3.94x	2.74x	2.29x

Metric	Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
Inventory Days	8.0	11.4	8.4	10.2	9.8
Receivable Days	30.1	47.9	43.8	49.5	58.5
Payable Days	0.0	0.0	0.0	0.0	0.0
Cash Conversion Cycle	38.1	59.3	52.2	59.7	68.3

Metric	Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
ROE	19.84%	14.13%	19.36%	47.81%	59.20%
ROCE	18.51%	19.12%	20.04%	55.42%	69.38%
ROA	2.74%	2.21%	4.91%	17.46%	25.87%