CHAPTER -3

DATA ANALYSIS AND INTERPRETATION

3.1 RATIO ANALYSIS

CURRENT RATIO:
Table Current ratio
Current ratio = current assets/current
liabilities
(Rs. In cr)

Ratio

3939.78/3008.80
3983.76/3759.87
4303.89/4843.14
4276.89/5296.10
3855.44/4586.60

1.3
1.0
0.8
0.8
0.8

2010
2011
2012
2013
2014

PROPRIETARY RATIO:
Proprietary ratio
Year

Proprietary ratio = shareholders funds/total

tangible assets
(Rs. In cr)

Ratio

2010
2011
2012
2013
2014

3656.30/9282.04
3962.96/10593.31
4212.33/11915.75
4455.10/13096.70
4447.89/12808.00

0.39
0.37
0.35
0.34
0.34

LIQUID RATIO:
Liquid ratio

Year

Liquid ratio = liquid assets/current

liabilities
(Rs. In cr)

Ratio

2010
2011
2012
2013
2014

1537.13/3008.80
2594.74/3759.87
2797.41/4843.14
3770.98/5296.10
4403.13/4586.60

0.55
0.63
0.57
0.71
0.96

ABSOLUTE LIQUID RATIO:

Table Absolute liquid ratio
Year

Absolute liquid ratio = cash & bank

balance+ marketable securities/current
liabilities
(Rs. In cr)

Ratio

2010
2011
2012
2013
2014

515.07/3008.80
1409.53/3759.87
1567.04/4843.14
2351.57/5296.10
3486.51/4586.60

0.171
0.374
0.323
0.444
0.760

NET WORKING CAPITAL RATIO:

Net working capital ratio
Year

Net working capital= current assetscurrent liabilities

(Rs. In cr)

Ratio

2010
2011
2012
2013
2014

3939.78-3008.80
3983.76-3759.87
4303.89-4843.14
4276.89-3296.10

930.98
223.89
260.75
980.79
1268.84

5855.44-4586.60

COMPARATIVE BALANCE SHEET AS AT 31ST MARCH 2010-2011

Particulars

2010
Cr

2011
Cr

Increase or decrease
Amount

Current assets
Inventories
Sundry debtors
Cash and bank balances
Other current assets
Loans and advances
Total C.A (A)
Fixed assets
Gross block
Less: depreciation
Net block
Capital work-in-progress
Total F.A (B)
TOTAL ASSETS
(A+B)
Current liabilities
Liabilities
Provisions
Total (A)
Capital & reserves
Capital
Reserves & surplus
Total (B)
Loans & funds
Secured loans
Unsecured loans
Deferred tax
Total (C)
TOTAL LIABILITIES
(A+B+C)

Percentage

1638.24
1022.06
518.92

2208.90
1164.50
179.53

570.66
142.44
(339.39)

34.8
13.9
(65.4)

1.55
759.01
3939.78

96.44
334.39
3983.76

94.89
(424.62)
43.98

61
(55.9)
1.1

6,018.63
3102.24
2916.39
619.71
3536.1

6,691.89
3364.38
2058.10
387.82
2445.92

673.26
262.14
(858.29)
(231.89)
(1090.18)

11.1
8.4
(29.4)
(37.4)
(30.8)

7475.88

6429.68

(1046.2)

(13.9)

3,002.68
368.69
3371.37

3505.26
490.33
3995.59

502.58
121.64
624.22

16.7
32.9
18.5

133.03
2,190.10
2323.13

133.03
2523.65
2656.68

0
333.55
333.55

0
15.2
14.3

788.12
1,492.33
356.85
2637.3

1272.22
1385.97
1282.85
3941.04

484.1
(106.36)
926
1303.74

61.4
(7.1)
2.5
49.4

8,331.80

10593.31

2261.51

27.1

COMPARATIVE BALANCE SHEET AS AT 31ST MARCH 2011-2012

Particulars

2011
Cr

2012
Cr

Current assets

Increase or decrease
Amount

Percentage
0.9
5.6

Inventories
Sundry debtors
Cash and bank balances

2208.90
1164.50
179.53

2230.63
1230.76
23.56

21.73
66.26
(155.97)

Other current assets

Loans and advances
Total C.A (A)
Fixed assets
Gross block
Less: depreciation
Net block
Capital work-in-progress
Total F.A (B)
TOTAL ASSETS
(A+B)
Current liabilities

96.44
334.39
3983.76

83.37
726.57
4303.89

(13.07)
392.18
320.13

(13.5)
11.7
8.0

6,691.89
3364.38
2058.10
387.82
2445.92

7174.30
2147.77
3713.17
577.31
4290.48

482.41
(1216.61)
1655.07
189.49
1844.56

7.2
36.1
80.4
48.8
75.4

6429.68

8594.37

2164.69

33.6

3505.26
490.33
3995.59

4837.41
496.94
5334.35

1332.15
6.61
1338.76

38
1.3
33.5

133.03
2523.65
2656.68

266.07
2632.34
2898.41

133.04
108.71
241.73

1
4.3
9

1272.22
1385.97
1282.85
3941.04

960.43
1435.10
1287.46
3682.99

(311.79)
49.13
4.61
(258.05)

(24.5)
3.5
0.35
(6.5)

10593.31

11915.75

1322.441

12.4

Liabilities
Provisions
Total (A)
Capital & reserves
Capital
Reserves & surplus
Total (B)
Loans & funds
Secured loans
Unsecured loans
Deferred tax
Total (C)
TOTAL LIABILITIES
(A+B+C)

(86.8)

COMPARATIVE BALANCE SHEET AS AT 31ST MARCH 2012-2013

Particulars
2012
2013
Increase or decrease
Cr
Cr
Current assets

Amount

Percentage

Inventories
Sundry debtors
Cash and bank balances

2230.63
1230.76
23.56

1896.02
1419.41
13.94

(334.61)
188.65
(9.62)

(15)
15.3
(40)

Other current assets

Loans and advances
Total C.A (A)
Fixed assets
Gross block
Less: depreciation
Net block
Capital work-in-progress
Total F.A (B)
TOTAL ASSETS
Current liabilities

83.37
726.57
4303.89

76.18
871.34
4276.89

(7.19)
144.77
(27)

(8.6)
19.9
0.6

7174.30
2147.77
3713.17
577.31
4290.48
8594.37

7715.37
2433.49
5281.88
688.93
5970.81
10247.7

541.07
285.72
1568.71
1680.33
1680.33
1653.33

7.5
13.3
42.2
29.1
39.1
19.2

Liabilities

4837.41
496.94
5334.35

4749.58
387.20
5136.78

(87.83)
(109.74)
(197.57)

(1.8)
(22)
(3.7)

266.07
2632.34
2898.41

266.07
4189.04
4455.11

0
1556.7
1456.7

0
59.1
50

960.43
1435.10
1287.46
3682.99

1903.46
1601.36
3504.82

943.03
166.26
(1287.46)
(178.17)

98.1
11.5
(1)
4.8

11915.75

13096.70

1180.95

9.9

Provisions
Total (A)
Capital & reserves
Capital
Reserves & surplus
Total (B)
Loans & funds
Secured loans
Unsecured loans
Deferred tax
Total (C)
TOTAL LIABILITIES
(A+B+C)

COMPARATIVE BALANCE SHEET AS AT 31ST MARCH 2013-2014

Particulars

2013
Cr

2014
Cr

Increase or decrease

Current assets
Inventories
Trade receivables
Cash and bank balances

Percentage

1896.02
1419.41
13.94
76.18
871.34
4276.89

1188.70
1299.01
11.69
170.95
800.71
3855.44

(707.32)
(120.4)
(2.25)
94.77
(70.63)
(421.45)

(37.3)
(8.4)
(16.1)
12.4
(8.1)
(9.8)

7715.37
2433.49
5281.88
688.93
5970.81

8327.87
2668
5659.87
181.53
5841.4

612.5
234.51
377.99
(507.4)
(129.41)

7.9
9.6
7.1
(73.6)
(2.1)

10247.7

9696.84

8672.14

84.6

4749.58
387.20
5136.78

4320.21
155.99
447.62

(429.37)
(231.21)
(4689.16)

(9)
(59.7)
(91.2)

266.07
4189.04
4455.11

266.07
4181.82
4447.89

0
(7.2)
(7.2)

0
(0.1)
(0.1)

1903.46
1601.36
3504.82

1937.30
1946.61
3883.91

33.84
345.25

1.7
21.5

379.09

10.8

13096.70

12808.00

(28.87)

(2.2)

Other current assets

Loans and advances
Total C.A (A)
Fixed assets
Gross back
Less Dep
Net block
Capital work-in-progress
Total F.A (B)
TOTAL ASSETS
(A+B)
Current liabilities
Liabilities
Provision
Total (A)
Capital & reserves
Capital
Reserves & surplus
Total (B)
Non-current liabilities
Secured loans
Unsecured loans
Deferred tax
Total (C)
TOTAL LIABILITIES
(A+B+C)

Amount

COMMON-SIZE BALANCE SHEET AS AT 31ST MARCH 2010-2011

Particulars
2010
2011
Cr
Cr
Current assets

Amount

Percentage

Amount

Percentage

Inventories
Sundry debtors
Cash and bank balances

1638.24
1022.06

21.9
13.6

2208.90
1164.50

34.3
8.1

518.92

6.9

179.53

2.7

Other current assets

1.55

0.02

96.44

1.4

Loans and advances

Total C.A (A)

759.01

10.1

334.39

5.2

3939.78

42.5

3983.76

61.9

6,018.63
3102.24
2916.39
619.71
3536.1

33.6
15.7
0.02
8.7
57.5

6,691.89
3364.38
2058.10
387.82
2445.92

10.4
5.1
4.3
3.8
38

7475.88

100

6429.68

100

Liabilities

3,002.68

36

3505.26

33

Provisions
Total (A)
Capital & reserves
Capital
Reserves & surplus

368.69
3371.37

0.4
36.04

490.33
3995.59

4.6
37.7

133.03
2,190.10

1.5
26.2

133.03
2523.65

1.7
23.8

Total (B)

2323.13

33.4

2656.68

25

788.12
1,492.33
356.85

9.4
17.9
4.2

1272.22
1385.97
1282.85

12
13
12.1

2637.3

31.6

3941.04

37.2

8,331.80

100

10593.31

100

Fixed assets
Gross block
Less: depreciation
Net block
Capital work-in-progress
Total F.A (B)
TOTAL ASSETS
(A+B+C)
Current liabilities

Loans & funds

Secured loans
Unsecured loans
Deferred tax
Total (C)
TOTAL LIABILITIES
(A+B+C)

COMMON-SIZE BALANCE SHEET AS AT 31ST MARCH 2011-2012

Particulars
2011
2012
Cr
Cr
Current assets
Inventories
Sundry debtors

Amount
2208.90
1164.50

Percentage
34.3
18.1

Amount
2230.63
1230.76

Percentage
25.9
14.3

Cash and bank balances

179.53

2.7

23.56

0.2

Other current assets

96.44

1.4

83.37

0.9

Loans and advances

334.39

5.2

726.57

16.9

Total C.A (A)

3983.76

61.9

4303.89

50.0

6,691.89
3364.38
2058.10
387.82
2445.92

10.
52.3
32.0
6.0
38.0

7174.30
2147.77
3713.17
577.31
4290.48

83.4
24.9
43.2
6.7
49.9

6429.68

100

8594.37

100

Liabilities

3505.26

33

4837.41

40.5

Provisions
Total (A)
Capital & reserves
Capital
Reserves & surplus

490.33
3995.59

4.6
37.7

496.94
5334.35

4.1
44.7

133.03
2523.65

1.7
23.8

266.07
2632.34

2.2
22.0

Total (B)

2656.68

25

2898.41

24.3

1272.22
1385.97
1282.85

12
13
12.1

960.43
1435.10
1287.46

12.0
10.8

3941.04

37.2

3682.99

30.9

10593.31

100

11915.75

100

Fixed assets
Gross block
Less: depreciation
Net block
Capital work-in-progress
Total F.A (B)
TOTAL ASSETS
(A+B)
Current liabilities

Loans & funds

Secured loans
Unsecured loans
Deferred tax
Total (C)
TOTAL LIABILITIES
(A+B+C)

COMMON-SIZE BALANCE SHEET AS AT 31ST MARCH 2012-2013

Particulars
2012
2013
Cr
Cr
Current assets
Inventories
Sundry debtors
Cash and bank balances

Amount

Percentage

Amount

Percentage

2230.63
1230.76

25.9
14.3

1896.02
1419.41

18.5
14.6

23.56

0.2

13.94

0.3

Other current assets

83.37

0.9

76.18

0.7

Loans and advances

Total C.A (A)
Fixed assets
Gross block
Less: depreciation
Net block
Capital work-inprogress
Total F.A (B)
TOTAL ASSETS
(A+B)
Current liabilities

726.57
4303.89

16.9
50.0

871.34
4276.89

8.5
41.7

7174.30
2147.77
3713.17

83.4
24.9
43.2

7715.37
2433.49
5281.88

75.2
23.7
51.5

577.31

6.7

688.93

6.7

4290.48

49.9

5970.81

58.2

8594.37

100

10247.7

100

Liabilities

4837.41

40.5

4749.58

36.2

Provisions
Total (A)
Capital & reserves
Capital
Reserves & surplus
Total (B)

496.94
5334.35

4.1
44.7

387.20
5136.78

2.9
39.2

266.07
2632.34

2.2
22.0

266.07
4189.04

2.0
31.9

2898.41

24.3

4455.11

34.0

960.43
1435.10
1287.46

8.0
12.0
10.8

1903.46
1601.36
-

14.5
12.2

3682.99

30.9

3504.82

26.7

11915.75

100

13096.70

100

Loans & funds

Secured loans
Unsecured loans
Deferred tax
Total (C)
TOTAL LIABILITIES
(A+B+C)

COMMON-SIZE BALANCE SHEET AS AT 31ST MARCH 2013 - 2014

Particulars
2013
2014
Cr
Cr
Current assets
Inventories
Trade receivables
Cash and bank balances
Other current assets

Amount
1896.02
1419.41
13.94
76.18

Percentage
18.5
14.6
0.3
0.7

Amount
1188.70
1299.01
11.69
170.95

Percentage
12.2
13.3
0.2
1.7

Loans and advances

Total C.A (A)
Fixed assets
Gross block
Less dep
Net Block
Capital work-in-progress
Total F.A (B)
TOTAL ASSETS
(A+B)
Current liabilities
Liabilities
Provisions

Total (A)
Capital & reserves
Capital
Reserves & surplus
Total (B)
Non-current liabilities
Secured loans
Unsecured loans
Deferred tax
Total (C)
TOTAL LIABILITIES
(A+B+C)

871.34
4276.89

8.5
41.7

800.71
3855.44

8.2
39.7

7715.37
2433.49
5281.88
688.93
5970.81

75.2
23.7
51.5
6.7
58.2

8327.87
2668
5659.87
181.53
5841.4

85.8
27.5
58.3
1.8
60.0

10247.7

100

9696.84

100

4749.58
387.20
5136.78

36.2
2.9
39.2

4320.21
155.99
447.62

33.7
1.2
3.4

266.07
4189.04
4455.11

2.0
31.9
34.0

266.07
4181.82
4447.89

2.0
32.6
34.7

1903.46
1601.36
3504.82

14.5
12.2

15.1
15.1

26.7

1937.30
1946.61
3883.91

13096.70

100

12808.00

100

30.3