CURRENT RATIO

Current Ratio = Current Assets /Current Liabilities *100

Current Assets Current liabilities Current Ratio

(Percent)
Year 2010-11 24003 5224 459.48
Year 2011-12 30261 6902 438.44
Year 2012-13 35343 8099 436.39
Year 2013-14 43078 12031 358.06
Year 2014-15 47244 11383 415.04
Year 2015-16 51753 13239 390.91
Year 2016-17 53705 14013 383.25
Year 2017-18 50017 14105 354.60
Year 2018-19 52878 18638 283.71

Current Ratio
500.00
450.00
400.00
350.00
300.00
250.00
200.00
150.00
100.00
50.00
0.00
11 12 13 14 15 16 17 18 19
10- 1 1- 1 2- 13- 14- 1 5- 16- 1 7- 18-
0 0 0 0 0 0 0 0 0
ar2 ar2 ar2 ar2 ar2 ar2 ar2 ar2 ar2
Ye Ye Ye Ye Ye Ye Ye Ye Ye

ANALYSIS

The current ratio is a financial ratio that measures whether or not a firm has enough resources
to pay its debts over the next 12 months. It compares a firm's current assets to its current
liabilities.

It has been observed that current ratio of the company has been reducing through the years.
Output of the ratio states that year 2018 - 19 has performed to its lowest as compared to last 10
years.
 QUICK RATIO
Quick Ratio = (Cash + Receivables) / Current Liabilities * 100

Cash + Receivables Current liabilities Quick Ratio

(Percent)
Year 2010-11 16666 5224 319.03
Year 2011-12 20591 6902 298.33
Year 2012-13 21832 8099 269.56
Year 2013-14 25950 12031 215.69
Year 2014-15 30367 11383 266.78
Year 2015-16 32697 13239 246.97
Year 2016-17 22625 14013 161.46
Year 2017-18 19818 14105 140.50
Year 2018-19 19568 18638 104.99

Quick Ratio
350.00

300.00

250.00

200.00

150.00

100.00

50.00

0.00
Year Year Year Year Year Year Year Year Year
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19

ANALYSIS

The quick ratio is a more conservative version of another well-known liquidity metric --
the current ratio. Although the two are similar, the quick ratio provides a more rigorous
assessment of a company's ability to pay its current liabilities.

As similar to current ratio, It has been observed that Quick Ratio of the company has also
been reduced over the past years. Again output of the ratio states that year 2018 - 19 has
performed to its lowest as compared to last 10 years.
CASH/CURRENT ASSETS RATIO
Current Ratio = Cash/Current Assets *100

Cash Current Assets Cash/Current Assets Ratio

(Percent)
Year 2010-11 16666 24003 69.43
Year 2011-12 20591 30261 68.04
Year 2012-13 21832 35343 61.77
Year 2013-14 25950 43078 60.24
Year 2014-15 30367 47244 64.28
Year 2015-16 32697 51753 63.18
Year 2016-17 22625 53705 42.13
Year 2017-18 19818 50017 39.62
Year 2018-19 19568 52878 37.01

CASH/CURRENT ASSET RATIO

70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
11 12 13 14 15 16 17 18 19
10- 11- 12- 13- 14- 15- 16- 17- 18-
0 0 0 0 0 0 0 0 0
ar2 ar2 ar2 ar2 ar2 ar2 ar2 ar2 ar2
Ye Ye Ye Ye Ye Ye Ye Ye Ye

Analysis

The term cash to current assets ratio refers to a metric that allows the investor-analyst to
understand the proportion of cash residing in current assets. Calculating the cash to
current asset ratio is considered the most conservative measure of a company's ability to
pay off liabilities.

Company performed best in the year 2010-11 and after that the performance is deter-
orating. Company tried and maintained the performance till the year 2015-2016 but after
2016 it falled drastically and it is at its all tyime low in the current year.
 GROSS MARGIN RATIO
CASH/CURRENT RATIO = (SALES - COGS) /SALES *100

Sales - Cogs Sales GMRAT Ratio

(Percent)
Year 2010-11 9325 27501 33.91
Year 2011-12 11699 35638 32.83
Year 2012-13 12799 42717 29.96
Year 2013-14 14728 52797 27.90
Year 2014-15 17284 56749 30.46
Year 2015-16 18740 65564 28.58
Year 2016-17 19951 71564 27.88
Year 2017-18 20341 73833 27.55
Year 2018-19 21041 85557 24.59

GROSS MARGIN RATIO

35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
1 2 3 4 5 6 7 8 9
0 -1 1 -1 2 -1 3 -1 4 -1 5 -1 6 -1 7 -1 8 -1
01 01 01 01 01 01 01 01 01
a r2 a r2 a r2 a r2 a r2 a r2 a r2 a r2 a r2
Ye Ye Ye Ye Ye Ye Ye Ye Ye

ANALYSIS

Gross margin is a company's net sales revenue minus its cost of goods sold (COGS). In
other words, it is the sales revenue a company retains after incurring the direct costs
associated with producing the goods it sells, and the services it provides.

as stated earlier Company performed best in the year 2010-11 and after that the
performance is deterorating. Company tried and maintained the performance till the year
2015-2016. GMRAT is at its all time low in the current year i.e. 2018-2019.
 INVENTORY RATIO
Inventory Ratio = Inventories / Current Assets * 100

Inventories Current Assets Quick Ratio

(Percent)
Year 2010-11 24003 0.00
Year 2011-12 30261 0.00
Year 2012-13 35343 0.00
Year 2013-14 43078 0.00
Year 2014-15 47244 0.00
Year 2015-16 51753 0.00
Year 2016-17 53705 0.00
Year 2017-18 50017 0.00
Year 2018-19 52878 0.00
RETURN ON ASSETS RATIO
Return on Assets Ratio = Operating Income / Total Assets * 100

Operating Income Total Assets ROA Ratio

(Percent)
Year 2010-11 18533 31293 59.22
Year 2011-12 23939 38627 61.97
Year 2012-13 29918 46331 64.57
Year 2013-14 38069 56966 66.83
Year 2014-15 39465 83355 47.35
Year 2015-16 46821 75350 62.14
Year 2016-17 51583 66359 77.73
Year 2017-18 53492 79890 66.96
Year 2018-19 64516 84738 76.14

RETURN ON ASSETS RATIO

80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
11 12 13 14 15 16 17 18 19
10- 11- 12- 13- 14- 15- 16- 17- 18-
0 0 0 0 0 0 0 0 0
ar2 ar2 ar2 ar2 ar2 ar2 ar2 ar2 ar2
Ye Ye Ye Ye Ye Ye Ye Ye Ye

ANALYSIS

Return on assets (ROA) is an indicator of how profitable a company is relative to its total
assets. ROA gives a manager, investor, or analyst an idea as to how efficient a
company's management is at using its assets to generate earnings. Return on assets is
displayed as a percentage.

Here the tables have turned and the company started performing in last 3 years. Year
2016-2017 and 2018-2019 are the best performed years in last decade performance of
the company is the highest in these 2 years.
RETURN ON SALES RATIO
Return on Sales Ratio = Operating Income / Sales * 100

Operating Income Sales ROS Ratio

(Percent)
Year 2010-11 18533 27501 67.39
Year 2011-12 23939 35638 67.17
Year 2012-13 29918 42717 70.04
Year 2013-14 38069 52797 72.10
Year 2014-15 39465 56749 69.54
Year 2015-16 46821 65564 71.41
Year 2016-17 51583 71564 72.08
Year 2017-18 53492 73833 72.45
Year 2018-19 64516 85557 75.41

RETURN ON SALES RATIO

76.00

74.00

72.00

70.00

68.00

66.00

64.00

62.00
1 2 3 4 5 6 7 8 9
-1 -1 -1 -1 -1 -1 -1 -1 -1
10 11 12 13 14 15 16 17 18
r 20 r 20 r 20 r 20 r 20 r 20 r 20 r 20 r 20
a a a a a a a a a
Ye Ye Ye Ye Ye Ye Ye Ye Ye

ANALYSIS

Return on sales (ROS) is a ratio used to evaluate a company's operational efficiency.

This measure provides insight into how much profit is being produced per dollar of sales.
An increasing ROS indicates that a company is growing more efficiently, while a
decreasing ROS could signal impending financial troubles.

Similar to ROA company's performace is the best in the year 2018-2019. it is at its all
time high. company has started improving in its sales strategies.
 EQUITY DEBT RATIO
[Preferred Stocks (PS) + Common Stock(CS)]/ [Current Liabilities(CL) + Long Term Debts(LD)] * 100

(PS) + (CS) (CL) + (LD) EDQRAT Ratio

(Percent)
Year 2010-11 25976 5317 488.55
Year 2011-12 31332 7295 429.50
Year 2012-13 37994 8337 455.73
Year 2013-14 44530 12436 358.07
Year 2014-15 54770 11589 472.60
Year 2015-16 61744 13606 453.80
Year 2016-17 68982 14373 479.94
Year 2017-18 64923 14966 433.80
Year 2018-19 64948 19732 329.15

EQUITY DEBT RATIO

500.00 Current Liabilities (CL) Long Term Debts
450.00 5224 93
400.00
6902 393
8099 238
350.00
12031 405
300.00 11383 206
250.00 13239 367
200.00 14013 360
150.00
14105 861
18638 1094
100.00
50.00
0.00
1 2 3 4 5 6 7 8 9
-1 -1 -1 -1 -1 -1 -1 -1 -1
10 11 12 13 14 15 16 17 18
r 20 r 20 r 20 r 20 r 20 r 20 r 20 r 20 r 20
a a a a a a a a a
Ye Ye Ye Ye Ye Ye Ye Ye Ye

ANALYSIS

The debt-to-equity (D/E) ratio is calculated by dividing a company's total liabilities by its
shareholder equity. It is a measure of the degree to which a company is financing its
operations through debt versus wholly-owned funds

This is a better sign. Here the figures are going down. this shoul be as low as possible
and company is performing better here.
 SALES/STOCKS RATIO
Sales/[Preferred Stocks (PS) + Common Stock(CS)] * 100

Sales (PS) + (CS) SEQRAT Ratio

(Percent)
Year 2010-11 27501 25976 105.87
Year 2011-12 35638 31332 113.74
Year 2012-13 42717 37994 112.43
Year 2013-14 52797 44530 118.57
Year 2014-15 56749 54770 103.61
Year 2015-16 65564 61744 106.19
Year 2016-17 71564 68982 103.74
Year 2017-18 73833 64923 113.72
Year 2018-19 85557 64948 131.73

SALES/STOCK RATIO
140.00

120.00

100.00

80.00

60.00

40.00

20.00

0.00
1 2 3 4 5 6 7 8 9
0 -1 1 -1 2 -1 3 -1 4 -1 5 -1 6 -1 7 -1 8 -1
01 01 01 01 01 01 01 01 01
a r2 a r2 a r2 a r2 a r2 a r2 a r2 a r2 a r2
Ye Ye Ye Ye Ye Ye Ye Ye Ye

ANALYSIS

Stock to Sales Ratio is the ratio of the inventory available for sale versus the quantity
actually sold.

Again as similar to previous ratios like ROA and ROS company is performing better in
this scenario. it is at its best in the current year (2018-2019) i.e. 131.73 from 105.87 in
the year 2010-2011. it can still improve and do better.
 SALES FIXED ASSET RATIO
Sales / Fixed Assets * 100

Sales Fixed Assets SFARAT

(Percent)
Year 2010-11 27501 5499 500.11
Year 2011-12 35638 6145 579.95
Year 2012-13 42717 8279 515.97
Year 2013-14 52797 9339 565.34
Year 2014-15 56749 19115 296.88
Year 2015-16 65564 23597 277.85
Year 2016-17 71564 29650 241.36
Year 2017-18 73833 29873 247.16
Year 2018-19 85557 31860 268.54

SALES FIXED ASSET RATIO

600.00

500.00

400.00

300.00

200.00

100.00

0.00
11 12 13 14 15 16 17 18 19
10- 11- 12- 13- 14- 15- 16- 17- 18-
0 0 0 0 0 0 0 0 0
ar2 ar2 ar2 ar2 ar2 ar2 ar2 ar2 ar2
Ye Ye Ye Ye Ye Ye Ye Ye Ye

ANALYSIS

The sales to fixed asset ratio is an asset utilization measure that allows analysts to
understand if a company requires a large investment in property, plant, and equipment in
order to generate revenues. Some industries are capital intensive, requiring significant
assets to generate sales.

Company is stable in current years in this segment and performing at a stable pace.
EQUITY FIXED ASSET RATIO
[Preferred Stocks (PS) + Common Stock(CS)]/ Fixed Assets * 100

(PS) + (CS) Fixed Assets ROA Ratio

(Percent)
Year 2010-11 25976 5499 472.38
Year 2011-12 31332 6145 509.88
Year 2012-13 37994 8279 458.92
Year 2013-14 44530 9339 476.82
Year 2014-15 54770 19115 286.53
Year 2015-16 61744 23597 261.66
Year 2016-17 68982 29650 232.65
Year 2017-18 64923 29873 217.33
Year 2018-19 64948 31860 203.85

EQUITY FIXED ASSET RATIO

600.00

500.00

400.00

300.00

200.00

100.00

0.00
11 12 13 14 15 16 17 18 19
10- 11- 12- 13- 14- 15- 16- 17- 18-
0 0 0 0 0 0 0 0 0
ar2 ar2 ar2 ar2 ar2 ar2 ar2 ar2 ar2
Ye Ye Ye Ye Ye Ye Ye Ye Ye

ANALYSIS

The “equity to fixed assets” ratio shows analysts the relative exposure of shareholders
and debt holders to the fixed assets of the firm. Thus, if the “equity to fixed assets” ratio is
0.9, this means that shareholders have financed 90% of the fixed assets of the company.

Company graph is decling since the year 2014-2015, which is a positive sign for the
company.
R. EARNING TOTAL ASSET RATIO
Retained Earning / Total Assets * 100

Retained Earning Total Assets RTARAT

(Percent)
Year 2010-11 25690 31293 82.10
Year 2011-12 31046 38627 80.37
Year 2012-13 37708 46331 81.39
Year 2013-14 44244 56966 77.67
Year 2014-15 54198 83355 65.02
Year 2015-16 60600 75350 80.42
Year 2016-17 67838 66359 102.23
Year 2017-18 63835 79890 79.90
Year 2018-19 62778 84738 74.08

R. Earning Total Assets Ratio

120.00

100.00

80.00

60.00

40.00

20.00

0.00
1 2 3 4 5 6 7 8 9
-1 -1 -1 -1 -1 -1 -1 -1 -1
10 11 12 13 14 15 16 17 18
r 20 r 20 r 20 r 20 r 20 r 20 r 20 r 20 r 20
a a a a a a a a a
Ye Ye Ye Ye Ye Ye Ye Ye Ye

ANALYSIS

The ratio of retained earnings to total assets helps measure the extent to which a
company relies on debt, or leverage. The lower the ratio, the more a company is funding
assets by borrowing instead of through retained earnings which, again, increases the risk
of bankruptcy if the firm cannot meet its debt obligations.

it has been stable throughout the decade whereas it is at its low in the current year as
compared to other years except the year 2014-2015
 19
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