Group 7-Ratio Analysis

Company : UltraTech Cement Ltd
Industry : Cement
Balance Sheet (Rs in Crs.)
Year 2018-19 2017-18 2016-17 2015-16
SOURCES OF FUNDS :
Share Capital + 274.64 274.61 274.51 274.43
Reserves Total + 28,113.66 26,106.55 24,117.38 21,671.20
Equity Share Warrants 0 0 0 0
Equity Application Money 0.65 0 0 0
Total Shareholders Funds 28,388.95 26,381.16 24,391.89 21,945.63
Secured Loans + 16,233.68 13,057.15 3,057.89 5,166.50
Unsecured Loans + 6,584.67 6,423.07 5,416.60 5,449.49
Total Debt 22,818.35 19,480.22 8,474.49 10,615.99
Other Liabilities+ 172.45 191.73 335.48 286.32
Total Liabilities 51,391.90 46,069.13 33,211.57 32,863.39
APPLICATION OF FUNDS :
Gross Block + 52,562.43 44,081.78 28,498.09 26,611.22
Less : Accumulated Depreciation + 6,426.59 4,366.48 2,594.34 1,301.80
Less:Impairment of Assets 0 0 0 0
Net Block + 46,135.84 39,715.30 25,903.75 25,309.42
Lease Adjustment 0 0 0 0
Capital Work in Progress+ 1,122.09 1,511.21 921.48 1,469.09
Producing Properties 0 0 0 0
Investments + 2,921.33 5,446.90 6,690.51 5,095.18
Current Assets, Loans & Advances
Inventories + 3,585.11 3,267.59 2,400.64 2,454.58
Sundry Debtors + 2,531.43 2,220.63 1,757.09 1,928.21
Cash and Bank+ 707.17 219.07 2,248.78 2,266.96
Loans and Advances + 3,414.96 1,804.90 1,508.15 1,519.05
Total Current Assets 10,238.67 7,512.19 7,914.66 8,168.80
Less : Current Liabilities and Provisions
Current Liabilities + 8,682.32 6,958.98 5,493.92 5,257.02
Provisions + 907.55 939.71 731.04 641.82
Total Current Liabilities 9,589.87 7,898.69 6,224.96 5,898.84
Net Current Assets 648.8 -386.5 1,689.70 2,269.96
Miscellaneous Expenses not written off + 0 0 0 0
Deferred Tax Assets 1,671.41 1,467.16 1,186.96 1,254.97
Deferred Tax Liability 5,213.24 4,640.43 3,959.54 3,685.85
Net Deferred Tax -3,541.83 -3,173.27 -2,772.58 -2,430.88
Other Assets+ 4,105.67 2,955.49 778.71 1,150.62
Total Assets 51,391.90 46,069.13 33,211.57 32,863.39
Contingent Liabilities+ 3,475.23 2,651.71 2,757.61 2,659.78
https://www.capitaline.com
Company : UltraTech Cement Ltd

Industry : Cement
Profit & Loss (Rs in Crs.)
Year 2018-19 2017-18 2016-17 2015-16
INCOME :
Sales Turnover + 37,379.20 31,872.45 28,645.93 28,391.59
Excise Duty 0 893.83 3,270.99 3,238.35
Net Sales 37,379.20 30,978.62 25,374.94 25,153.24
Other Income + 438.61 588.57 648.12 463.81
Stock Adjustments + 120.45 111.2 -75.69 18.61
Total Income 37,938.26 31,678.39 25,947.37 25,635.66
EXPENDITURE :
Raw Materials + 6,647.55 5,399.98 4,416.90 4,436.12
Power & Fuel Cost+ 8,427.90 6,334.07 4,271.98 4,579.25
Employee Cost + 2,058.79 1,810.24 1,522.34 1,444.97
Other Manufacturing Expenses + 2,642.12 2,289.53 1,991.28 1,933.88
Selling and Administration Expenses + 10,046.44 8,341.85 7,174.55 7,221.99
Miscellaneous Expenses + 888.72 1,115.72 709.76 654.67
Less: Pre-operative Expenses Capitalised+ 0 0 0 0
Total Expenditure 30,711.52 25,291.39 20,086.81 20,270.88
Operating Profit 7,226.74 6,387.00 5,860.56 5,364.78
Interest + 1,548.57 1,237.60 640.1 566.3
Gross Profit 5,678.17 5,149.40 5,220.46 4,798.48
Depreciation+ 2,139.80 1,847.93 1,348.41 1,377.17
Profit Before Tax 3,538.37 3,301.47 3,872.05 3,421.31
Tax+ 735.16 684.56 816.95 632.95
Fringe Benefit tax+ 0 0 0 0
Deferred Tax+ 371.62 392.45 341.59 308.74
Reported Net Profit 2,431.59 2,224.46 2,713.51 2,479.62
Extraordinary Items + 86.05 -153.79 47.89 45.82
Adjusted Net Profit 2,348.67 2,375.96 2,667.03 2,432.22
Adjst. below Net Profit + -69.66 -26.4 -62.87 -2.5
P & L Balance brought forward 5,338.86 5,100.52 4,613.35 3,974.50
Statutory Appropriations 0 0 0 0
Appropriations + 2,130.42 1,957.43 2,164.88 1,836.95
P & L Balance carried down 5,573.50 5,338.86 5,100.52 4,613.09
Dividend 0 0 0 293.36
Preference Dividend 0 0 0 0
Equity Dividend % 115 105 100 95
Dividend Per Share(Rs) 11.5 10.5 10 9.5
Earnings Per Share-Unit Curr 88.54 81 98.85 90.36
Earnings Per Share(Adj)-Unit Curr 88.54 81 98.85 90.36
Book Value-Unit Curr 1,033.65 693.92 888.56 799.68
Book Value(Adj)-Unit Curr 1,033.65 693.92 888.56 799.68
Tax Rate = 30% 0.7
Additional Information
Inventories 3,585.11 3,267.59 2,400.64 2,454.58
Sundry Debtors 2,531.43 2,220.63 1,757.09 1,928.21
Cash and Bank 707.17 219.07 2,248.78 2,266.96
Loans and Advances 3,414.96 1,804.90 1,508.15 1,519.05
Current Liabilities
Short Term Borrowings 0 56.57 61.37 381.14
Sundry Creditors 6054.9 5259.52 3971.28 3837.24
Other Current Liabilities 3,823.50 2,632.26 2,186.76 2,181.35
Short Term Provisions 907.55 939.71 731.04 641.82
Total Current Liabilities 10785.95 8888.06 6950.45 7041.55
RATIO ANALYSIS
2014-15 2013-14
274.4 274.24 LIQUIDITY RATIOS

18,766.78 16,907.66 TYPES 2018-19 2017-18
0 0 Net Working Capital 648.8 -386.5
0 0 Current Ratio 1.06765472 0.95106784
19,041.18 17,181.90 Quick Ratio 0.69381128 0.53738025
3,296.73 3,333.16 Cash Ratio 0.07374135 0.02773498
6,532.41 3,998.70
9,829.14 7,331.86
195.23 150.19 CAPITAL STRUCTURE RATIOS
29,083.74 24,680.59 TYPES 2018-19 2017-18
Debt Equity Ratio 0.57183094 0.49494222
34,909.58 27,854.14 Proprietary Ratio 0.40671842 0.44464535
11,566.73 9,754.44 Interest Coverage Ratio 4.66671833 5.16079509
0 0
23,342.85 18,099.70
0 0
2,250.01 2,185.86 PROFITABILITY RATIOS
0 0 TYPES 2018-19 2017-18
4,500.02 4,861.85 Gross Profit Margin 15.1907% 16.6224%
Net Profit Margin 6.2834% 7.6697%
2,949.12 2,580.35 Return on Investment 7.1300% 7.2689%
1,658.82 1,632.06 Return on Equity 8.2732% 9.0063%
370.6 348.49
1,158.83 1,200.50
6,137.37 5,761.40 ACTIVITY RATIOS
TYPES 2018-19 2017-18
5,034.06 4,370.19 Inventory Turnover Ratio 8.96333416 8.92391099
1,149.74 843.54 Debtor Turnover Ratio 15.7317879 15.5760687
6,183.80 5,213.73 Creditor Turnover Ratio 1.17505802 1.16999177
-46.43 547.67 Fixed Asset Turnover Ratio 0.69448545 0.71092669
0 0 Total Asset Turnover Ratio 0.56439426 0.58279226
383.22 207.84
3,169.09 2,498.20
-2,785.87 -2,290.36
1,823.16 1,275.87 COMPREHENSIVE RATIOS
29,083.74 24,680.59 COMMON SIZE BALANCE SHEET
1,775.41 1,214.06 Particulars 2018-19 2017-18
SOURCES OF FUNDS :
Share Capital 0.53% 0.60%
Reserves Total 54.70% 56.67%
Secured Loans 31.59% 28.34%
Unsecured Loans 0.00% 0.00%
Other Liabilities 0.34% 0.42%
Total Liabilities 100 100
2014-15 2013-14
27,402.67 24,376.75
3,062.69 2,725.25 APPLICATION OF FUNDS :
24,339.98 21,651.50 Net Block 89.77% 86.21%
350.08 322.38 Capital Work in Progress 2.18% 3.28%
100.88 -98.76 Investments 5.68% 11.82%
24,790.94 21,875.12 Net Current Assets 1.26% -0.84%
Miscellaneous Expenses not written off 0.00% 0.00%
4,151.05 3,649.78 Deferred Tax Assets 32.06% 31.62%
5,115.68 4,523.12 Deferred Tax Liability 10.14% 10.07%
1,308.29 1,102.78 Net Deferred Tax -6.89% -6.89%
1,908.68 2,240.62 Other Assets 7.99% 6.42%
6,965.50 5,482.68 Total Assets 100 100
566.18 518.59
0 0
20,015.38 17,517.57
4,775.56 4,357.55
586.51 360.95 COMMON SIZE PROFIT & LOSS ACCO
4,189.05 3,996.60 Particulars 2018-19 2017-18
1,203.42 1,139.00 Total Income 100 100
2,985.63 2,857.60 Total Expenditure 80.95% 79.84%
21.49 254.96 Operating Profit 19.05% 20.16%
0 0 Interest 4.08% 3.91%
862.03 389.86 PBIT 14.97% 16.26%
2,102.11 2,212.78 Depreciation 5.64% 5.83%
161.78 180.28 Profit Before Tax 9.33% 10.42%
1,936.56 2,025.75 Tax 1.94% 2.16%
0 0 Fringe Benefit tax 0.00% 0.00%
3,045.78 2,873.41 Deferred Tax 0.00% 0.00%
0 0 Reported Net PAT 6.41% 7.02%
1,839.66 2,033.66 Extraordinary Items 0.23% -0.49%
3,304.46 3,045.78 Adjusted PAT 6.19% 7.50%
246.96 246.82
0 0
90 90
9 9
74.78 79.16
74.78 79.16 COMMON BASE BALANCE SHEET
693.92 626.53 Particulars 2018-19 2017-18
693.92 626.53 SOURCES OF FUNDS :
Share Capital -0.00010925 -0.00036429
Unsecured Loans 0 0
Other Liabilities 80.72% -43.75%
Total Liabilities 208.23% 186.66%
2,949.12 8.92
1,658.82 4.15
370.6 30.96
1,158.83 1.14 APPLICATION OF FUNDS :
6,137.37 45.17 Net Block 254.90% 219.43%
Capital Work in Progress 51.33% 69.14%
Investments 60.09% 112.03%
205.86 976.85 Net Current Assets 118.47% -70.57%
3918.52 15.23 Miscellaneous Expenses not written off 0 0
1149.74 843.54 Deferred Tax Liability 208.68% 185.75%
8208.16 3327.14 Net Deferred Tax 154.64% 138.55%
Other Assets 321.79% 231.65%
Total Assets 208.23% 186.66%
COMMON BASE PROFIT & LOSS ACCO

Particulars 2018-19 2017-18
Total Income 173.43% 144.81%
Total Expenditure 175.32% 144.38%
Operating Profit 165.84% 146.57%
Interest 429.03% 342.87%
PBIT 142.08% 128.84%
Depreciation 187.87% 162.24%
Profit Before Tax 123.82% 115.53%
Tax 288.34% 268.50%
Fringe Benefit tax 0 0
Deferred Tax 95.32% 100.66%
Reported Net PAT 109.89% 100.53%
Extraordinary Items 0 0
Adjusted PAT 115.94% 117.29%
Du- point analysis
RATIO ANALYSIS
ATIOS
2016-17 2015-16 2014-15
1689.7 2269.96 -46.43 The Net working capital has been fluctuating year by year meaning t
1.271439495 1.38481464 0.992491672 The company does not have a good current ratio for the last 5 years
0.885792037 0.96870232 0.515581034 The ideal ratio is 1:1. The company in all the five years does not have
0.36125212 0.38430607 0.059930787 The company has a satisfactory ratio of over 1 in the 5 years meanin
URE RATIOS
2016-17 2015-16 2014-15
0.125365029 0.23542272 0.173136854 The Debt to equity of the company shows that initially the firm had
0.539937922 0.50838375 0.388018629 Proprietary ratio of the company reveals that its long term debts in t
9.155694423 9.47338866 8.142333464 The Interest Coverage ratio of the company has decreased from 8.14
Y RATIOS
2016-17 2015-16 2014-15
20.5733% 19.0770% 17.2106% The Gross Profit margin of the has fluctuated from 2014 to 2019 me
10.5105% 9.6696% 7.9563% Net Profit Margin of the Company has been fluctutaing from period
9.1564% 8.8372% 6.7370% ROI of the company has low in this 5 year span. A good ROI is genera
10.9341% 11.0829% 10.1704% The ROE of the company decreased since last 4 years and it was less
ATIOS
2016-17 2015-16 2014-15
8.274315067 7.50259267 13.53286636 Inventory Turnover Ratio indicates how well the company generates
13.77089518 14.0245496 29.2729033 Debtor Turnover ratio shows the company's effectiveness in collecti
1.131302731 1.14395494 2.110479822 Creditors Turnover Ratio shows average speed with which the paym
0.73247402 0.67223108 0.635828523 Fixed Asset Turnover Ratio shows how well a business is using its fix
0.581338298 0.54612661 0.53167708 Total Asset Turnover Ratio shows company's ability in using its total
NSIVE RATIOS
BALANCE SHEET
2016-17 2015-16 2014-15 2013-14
0.83% 0.84% 0.94% 1.11%

72.62% 65.94% 64.53% 68.51%
9.21% 15.72% 11.34% 13.51%
0.00% 0.00% 0.00% 0.00%
1.01% 0.87% 0.67% 0.61%
100 100 100 100
78.00% 77.01% 80.26% 73.34%
2.77% 4.47% 7.74% 8.86%
20.15% 15.50% 15.47% 19.70%
5.09% 6.91% -0.16% 2.22%
0.00% 0.00% 0.00% 0.00%
29.98% 34.05% 12.09% 8.32%
11.92% 11.22% 10.90% 10.12%
-8.35% -7.40% -9.58% -9.28%
2.34% 3.50% 6.27% 5.17%
100 100 100 100
OFIT & LOSS ACCOUNT

2016-17 2015-16 2014-15 2013-14
100 100 100 100
77.41% 79.07% 80.74% 80.08%
22.59% 20.93% 19.26% 19.92%
2.47% 2.21% 2.37% 1.65%
20.12% 18.72% 16.90% 18.27%
5.20% 5.37% 4.85% 5.21%
14.92% 13.35% 12.04% 13.06%
3.15% 2.47% 0.09% 1.17%
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
10.46% 9.67% 8.48% 10.12%
0.18% 0.18% 0.65% 0.82%
10.28% 9.49% 7.81% 9.26%
E BALANCE SHEET
2016-17 2015-16 2014-15 2013-14
-0.00029151 -0.00010933 -0.00058343 100

142.64% 128.17% 111.00% 100
91.74% 155.00% 98.91% 100
0 0 0 100
149.16% 191.09% 145.04% 100
134.57% 133.15% 117.84% 100
143.12% 139.83% 128.97% 100
42.16% 67.21% 102.93% 100
137.61% 104.80% 92.56% 100
308.53% 414.48% -8.48% 100
0 0 0 100
571.09% 603.82% 184.38% 100
158.50% 147.54% 126.85% 100
121.05% 106.14% 121.63% 100
61.03% 90.18% 142.90% 100
134.57% 133.15% 117.84% 100
OFIT & LOSS ACCOUNT

2016-17 2015-16 2014-15 2013-14
118.62% 117.19% 113.33% 100
114.67% 115.72% 114.26% 100
134.49% 123.11% 109.59% 100
177.34% 156.89% 162.49% 100
130.62% 120.06% 104.82% 100
118.39% 120.91% 105.66% 100
135.50% 119.73% 104.48% 100
320.42% 248.25% 8.43% 100
0 0 0 100
87.62% 79.19% 221.11% 100
122.63% 112.06% 95.00% 100
0 0 0 100
131.66% 120.07% 95.60% 100
Du- point analysis:
INTERPRETATION
ctuating year by year meaning the company was not easily able to meet its short term obligations..
current ratio for the last 5 years meaning they are unable to meet current obligation of short term creditors.
n all the five years does not have a healthy ratio meaning the firm is in a good liquidity postion.
of over 1 in the 5 years meaning they are able to cover the current liabilities with ease.
hows that initially the firm had more of debt than equity in first 2 years and then the company had more quity for the next 3 periods.
eals that its long term debts in the total capital of the company has been increasing and its ratio has increased from 0.38 to 0.40.
mpany has decreased from 8.14 to 4.66 meaning the firm is able to meet the interest expenses with much ease as compared to 5 year
uctuated from 2014 to 2019 meaning they are not able to cover the operating expenses of the company with ease and provide suffieci
s been fluctutaing from period 2014-2015 to 2018-2019. But, the company has a decent Net Profit Margin as compared to industry av
year span. A good ROI is generally considered as 15% which the company has not been able to achieve, meaning their investements a
since last 4 years and it was less than 20% meaning the company has not been efficiently using its current equity to generate greater in
ow well the company generates sales from its inventory. The ratio decreased for the company from 13.53 to 8.96 meaning a low inven
mpany's effectiveness in collecting its receivables. The company's ratio has decreased from 29 to 15 meaning they are now less efficien
age speed with which the payments are made to the trade creditors. The ratio for the period is 1.17 meaning it takes longer to pay off
w well a business is using its fixed assets to generate sales. The ratio for the firm has increased from 0.63 to 0.69 in the span of 5 years
mpany's ability in using its total assets to efficiently produce sales.The ratio for the firm has increased and fluctuated from 0.53 to 0.56
INTERPRETATION
Current Ratio
1.6
1.4
1.2
0.8
0.6
y for the next 3 periods.
d from 0.38 to 0.40. 0.4
se as compared to 5 years ago. 0.2
0
2018-19 2017-18 2016-17 2015-16 2014-
ease and provide suffiecient return to the owners of the Company

Debt to Equity Ratio
compared to industry average which ensures an adequate return to the owners as well as for the firm in case of an Adverse Situation.
ning their investements are not favourable to cost. 0.7
ity to generate greater income. 0.6
0.5
0.4
0.3
8.96 meaning a low inventory management, weaker sales and declining demand for a company’s products.
hey are now less efficient to recover their debts. 0.2
it takes longer to pay off the creditors.
0.1
.69 in the span of 5 years meaning they are sufficiently using its fixed assets to generate more sales.
tuated from 0.53 to 0.56 in the span of 5 years meaning they0 are sufficiently using its Total assets to generate more revenues.
2018-19 2017-18 2016-17 2015-16 2014-15
Return on Investment
10.0000%
9.0000%
8.0000%
7.0000%
6.0000%
5.0000%
4.0000%
3.0000%
2.0000%
1.0000%
0.0000%
2018-19 2017-18 2016-17 2015-16 2014-1
5.0000%
4.0000%
3.0000%
2.0000%
1.0000%
0.0000%
2018-19 2017-18 2016-17 2015-16 2014-1
Inventory Turnover Ratio

16
14
12
10
0
2018-19 2017-18 2016-17 2015-16 2014-15
ANALYSIS WITH GRAPHS
tio
2015-16 2014-15
y Ratio
in case of an Adverse Situation.
enerate more revenues.

2015-16 2014-15
stment
2015-16 2014-15
2015-16 2014-15
er Ratio
2015-16 2014-15
LYSIS WITH GRAPHS
The company has a healthy current ratio for the last 5 years meaning they are
The Debt to equity of the company shows that initially the firm had more of de
ROI of the company has been has been fluctuating in the 5 year span. A good R
Inventory Turnover Ratio indicates the number of times invento
5 years meaning they are able to meet current obligation and greater is the safety of funds of short term creditors.
y the firm had more of debt than quity in first 2 years and then the company had more quity for the next 3 periods.
the 5 year span. A good ROI is generally considered as 15% which the company has able to achieve it meaning the company 's investm
number of times inventory is replaced during a year.The ratio increased for the company from 13.53 to 8.96 meaning a higher ratio im
ditors.
ng the company 's investment gains are favourable to its cost.

6 meaning a higher ratio implies good inventory management.
Company : JK Cements Ltd
Industry : Cements
Year 2019-2018 2017-2018 2016-2017 2016-2015 2014-2015
SOURCES OF FUNDS :
Share Capital + 77.27 69.93 69.93 69.93 69.93
Reserves Total + 2617.7 1904.94 1640.76 1517.1 1547.04
Equity Share Warrants 0 0 0 0 0
Equity Application Money 0 0 0 0 0
Total Shareholders Funds 2694.97 1974.87 1710.69 1587.03 1616.97
Minority Interest 0 0 3.99 9.75 12.77
Secured Loans + 2940.79 2902.37 3274.16 3273.99 3178.83
Unsecured Loans + 32.31 38.18 42.96 48.81 50.17
Total Debt 2973.1 2940.55 3317.12 3322.8 3229
Other Liabilities+ 367.04 330.46 285.43 216.5 134.77
Total Liabilities 6035.11 5245.88 5317.23 5136.08 4993.51
Gross Block + 6,269.53 5,933.36 5,838.20 5,363.56 4,980.76
Less : Accumulated Depreciation + 1,732.78 1,490.02 1,296.49 1,110.03 907.14
Less:Impairment of Assets 0 0 0 0 0
Net Block + 4,536.75 4,443.34 4,541.71 4,253.53 4,073.62
Lease Adjustment 0 0 0 0 0
Capital Work in Progress+ 561.76 104.27 126.75 321.09 337.31
Producing Properties 0 0 0 0 0
Investments + 438.26 118.93 80.27 78.63 36.51
Inventories + 636.55 589.81 560.89 493.11 541.87
Sundry Debtors + 260.65 235.79 201.93 211.35 177.08
Cash and Bank+ 511.54 572.5 435.31 373.12 417.14
Loans and Advances + 260.12 208.78 215.86 186.11 312.14
Total Current Assets 1668.86 1606.88 1413.99 1263.69 1448.23
Current Liabilities + 1,060.17 924.33 821.79 815.47 727.47
Provisions + 10.18 18.84 12 16.8 49.69
Total Current Liabilities 1,070.35 943.17 833.79 832.27 777.16
Net Current Assets 598.51 663.7 580.21 431.42 671.06
Miscellaneous Expenses not written off + 0 0 0 0 0
Deferred Tax Assets 313.85 333.61 324.64 340.39 215.94
Deferred Tax Liability 626.12 600.57 584.51 556.91 495.78
Net Deferred Tax -312.27 -266.96 -259.87 -216.52 -279.84
Other Assets+ 212.1 182.6 248.15 267.93 154.85
Total Assets 6,035.11 5,245.88 5,317.22 5,136.08 4,993.51
Contingent Liabilities+ 634.21 585.89 527.8 304.03 402.78
Company : JK Cements Ltd
Industry : Cement
Year 2019-2018 2017-2018 2016-2017 2016-2015 2014-2015
INCOME :
Sales Turnover + 5,258.68 5,020.48 4,654.00 4,368.78 3,930.39
Excise Duty 0 166.96 632.6 0 523.17
Net Sales 5,258.68 4,853.52 4,021.40 4,368.78 3,407.22
Other Income + 80.38 128.14 98.43 49.81 68.66
Stock Adjustments + -12.3 -18.69 -14.52 14.18 10.7
Total Income 5,326.76 4,962.97 4,105.31 4,432.77 3,486.58
EXPENDITURE :
Raw Materials + 872.11 782.71 687.4 711 583.54
Power & Fuel Cost+ 1,106.62 952.13 664.51 828.64 814.17
Employee Cost + 401.09 368.28 315.54 268.75 210.26
Other Manufacturing Expenses + 448.2 430.67 395.58 944.21 327.44
Selling and Administration Expenses + 1,395.44 1,363.62 1,052.14 973.33 933.99
Miscellaneous Expenses + 188.46 166.92 184.91 110.89 97.87
Less: Pre-operative Expenses Capitalised+ 0 0 0 0 0
Total Expenditure 4,411.92 4,064.33 3,300.08 3,836.81 2,967.27
Operating Profit 914.84 898.63 805.23 595.97 519.33
Interest + 261.12 284.09 302.66 304.93 229.11
Gross Profit 653.72 614.54 502.57 291.04 290.22
Depreciation+ 241.28 231.32 216.95 197.4 146.07
Profit Before Tax 412.44 383.22 285.62 93.64 144.15
Tax+ 103.74 94.14 70.44 -7 0
Fringe Benefit tax+ 0 0 0 0 0
Deferred Tax+ 45.06 3.49 43.2 45.81 2.23
Reported Net Profit 263.63 289.58 177.74 57.85 143.64
Extraordinary Items + -2.64 -13.86 -10.35 0.27 14.68
Adjusted Net Profit 266.27 303.44 188.09 57.58 128.96
Adjst. below Net Profit + 22.15 30.55 -24.34 0.48 0
P & L Balance brought forward 742.16 538.07 479.75 520.49 393.22
Statutory Appropriations 0 0 0 0 0
Appropriations + 169.05 116.04 95.08 79.48 89.99
P & L Balance carried down 858.89 742.16 538.07 499.34 446.87
Dividend 0 0 0 27.97 27.97
Preference Dividend 0 0 0 0 0
Equity Dividend % 100 100 80 40 40
Dividend Per Share(Rs) 10 10 8 4 4
Earnings Per Share-Unit Curr 34.12 41.41 25.42 7.46 19.73
Earnings Per Share(Adj)-Unit Curr 34.12 41.41 25.42 7.46 19.73
Book Value-Unit Curr 348.78 282.42 244.64 226.95 231.24
Book Value(Adj)-Unit Curr 348.78 282.42 244.64 226.95 231.24
Tax Rate = 30% 0.7
Inventories 636.55 589.81 560.89 493.11 541.87
Sundry Debtors 260.65 235.79 201.93 211.35 177.08
Cash and Bank 511.54 572.5 435.31 373.12 417.14
Loans and Advances 260.12 208.78 215.86 186.11 312.14
Current Liabilities
Short Term Borrowings 117.25 145.21 147.21 175.65 197.52
Sundry Creditors 360.2 340.51 260.45 275.25 210.12
Other Current Liabilities 347.64 225.65 224.68 185.32 175.04
Short Term Provisions 235.62 212.96 189.45 179.25 144.79
Total Current Liabilities 1,060.71 924.33 821.79 815.47 727.47
RATIO ANALYSIS
2013-2014
69.93 LIQUIDITY RATIOS

1676.23 TYPES 2019-2018 2017-2018 2016-2017
0 Net Working Capital 598.51 663.71 580.2
0 Current Ratio 1.55917223 1.7037013 1.695858669
1746.16 Quick Ratio 0.96446022 1.0783528 1.023159309
14.5 Cash Ratio 0.47791844 0.6069956 0.522085897
2736.5
46.62
2783.12 CAPITAL STRUCTURE RATIOS
111.91 TYPES 2019-2018 2017-2018 2016-2017
4655.69 Debt Equity Ratio 1.09121437 1.4696512 1.913941158
Proprietary Ratio 0.29546837 0.2465016 0.221387214
3,196.44 Interest Coverage Ratio 3.50352328 3.1631877 2.660510143
869.57
0
2,326.87
0 PROFITABILITY RATIOS
1,787.54 TYPES 2019-2018 2017-2018 2016-2017
0 Gross Profit Margin 12.4313% 12.6617% 12.4974%
67.51 Net Profit Margin 5.0634% 6.2520% 4.6772%
Return on Investment 6.9984% 7.9164% 7.3133%
542.34 Return on Equity 9.8803% 15.3651% 10.9950%
111.71
408.64
246.96 ACTIVITY RATIOS
1309.65 TYPES 2019-2018 2017-2018 2016-2017
Inventory Turnover Ratio 7.19514661 7.0641001 6.262011385
804.3 Debtor Turnover Ratio 21.1855612 22.176368 19.46089818
35.3 Creditor Turnover Ratio 2.48921808 2.6048655 2.56636177
839.60 Fixed Asset Turnover Ratio 0.78335125 0.7955429 0.681102596
10.18 Total Asset Turnover Ratio 0.61517441 0.6201234 0.536105893
0
37.55
306.01
-268.46 COMPREHENSIVE RATIOS
272.16 COMMON SIZE BALANCE SHEET
4,655.69 Particulars 2019-2018 2017-2018 2016-2017
335.74 SOURCES OF FUNDS :
Share Capital 1.28% 1.33% 1.32%
Reserves Total 43.37% 36.31% 30.86%
Secured Loans 48.73% 55.33% 61.58%
Unsecured Loans 0.00% 0.00% 0.00%
Other Liabilities 6.08% 6.30% 5.37%
Total Liabilities 100 100 100
2013-2014
3,216.02 APPLICATION OF FUNDS :

420.17 Net Block 75.17% 84.70% 85.42%
2,795.85 Capital Work in Progress 9.31% 1.99% 2.38%
48.28 Investments 7.26% 2.27% 1.51%
38.57 Net Current Assets 9.92% 12.65% 10.91%
2,882.70 Miscellaneous Expenses not written off 0.00% 0.00% 0.00%
Deferred Tax Assets 50.13% 55.55% 55.54%
463.22 Deferred Tax Liability 10.37% 11.45% 10.99%
673.9 Net Deferred Tax -5.17% -5.09% -4.89%
169.59 Other Assets 3.51% 3.48% 4.67%
276.79 Total Assets 100 100 100
792.51
105.69
0
2,481.70
401 COMMON SIZE PROFIT & LOSS ACCOUNT
152.62 Particulars 2019-2018 2017-2018 2016-2017
248.38 Total Income 100 100 100
134.21 Total Expenditure 82.83% 81.89% 80.39%
114.17 Operating Profit 17.17% 18.11% 19.61%
19.8 Interest 4.90% 5.72% 7.37%
0 PBIT 12.27% 12.38% 12.24%
19.43 Depreciation 4.53% 4.66% 5.28%
77.15 Profit Before Tax 7.74% 7.72% 6.96%
0.07 Tax 1.95% 1.90% 1.72%
77.08 Fringe Benefit tax 0.00% 0.00% 0.00%
0 Deferred Tax 0.85% 0.07% 1.05%
376.93 Reported Net PAT 4.95% 5.83% 4.33%
0 Extraordinary Items -0.05% -0.28% -0.25%
60.87 Adjusted PAT 5.00% 6.11% 4.58%
393.22
20.98
0
30
3
10.52 COMMON BASE BALANCE SHEET
10.52 Particulars 2019-2018 2017-2018 2016-2017
218.95 Share Capital -0.1049621 0 0
Reserves Total 156.17% 113.64% 97.88%
Secured Loans 107.47% 106.06% 119.65%
Unsecured Loans 0 0 0
Other Liabilities 136.58% 145.03% 168.93%
Total Liabilities 129.63% 112.68% 114.21%
542.34
111.71
408.64 APPLICATION OF FUNDS :
246.96 Net Block 194.97% 190.96% 195.19%
1309.65 Capital Work in Progress 31.43% 5.83% 7.09%
Investments 649.18% 176.17% 118.90%
Net Current Assets 5879.27% 6519.65% 5699.51%
210.78 Miscellaneous Expenses not written off 0 0 0
182.02 Deferred Tax Assets 835.82% 200.00% 864.55%
245.64 Deferred Tax Liability 204.61% 196.26% 191.01%
165.86 Net Deferred Tax 116.32% 99.44% 96.80%
804.30 Other Assets 77.93% 67.09% 91.18%
Total Assets 129.63% 112.68% 114.21%
COMMON BASE PROFIT & LOSS ACCOUNT

Particulars 2019-2018 2017-2018 2016-2017
Total Income 184.78% 172.16% 142.41%
Total Expenditure 177.78% 163.77% 132.98%
Operating Profit 228.14% 224.10% 200.81%
Interest 171.09% 186.14% 198.31%
PBIT 263.19% 247.42% 202.34%
Depreciation 179.78% 172.36% 161.65%
Profit Before Tax 361.25% 335.66% 250.17%
Tax 523.94% 475.45% 355.76%
Fringe Benefit tax 0 0 0
Deferred Tax 231.91% 17.96% 222.34%
Reported Net PAT 341.71% 375.35% 230.38%
Extraordinary Items 0 0 0
Adjusted PAT 345.45% 393.67% 244.02%
Du- point analysis:
NALYSIS
2016-2015 2014-2015
431.42 671.07 The Net working capital is decreasing year by year meaning the company cannot easily
1.51836543 1.86349014 The company has a healthy current ratio for the last 5 years meaning they are able to m
0.92587742 1.16624633 The ideal ratio is 1:1. The company in all the five years have a healthy ratio meaning the
0.44831605 0.53674919 The company has a dissatisfactory ratio of as low as 0.4 in the 5 years meaning they we
S
2016-2015 2014-2015
2.06296667 1.96591774 The Debt to equity of the company shows that initially the firm had more of debt than q
0.2209788 0.22854797 Proprietary ratio of the company reveals that its long term debts in the total capital of t
1.95444856 2.26672777 The Interest Coverage ratio of the compnay has increased from 2.26 to 3.50 meaning th
2016-2015 2014-2015
6.6618% 8.5178% The Gross Profit margin of the company has increased from 2013 to 2018 by 4% meanin
1.3180% 3.7849% Net Profit Margin of the Company has increased from period 2013-2014 to 2017-2018.T
5.7188% 5.2249% ROI of the company has been has increased in the 5 year span. The company has able t
3.6282% 7.9754% The ROE of the company has been fluctuating in the in the span of 5 years. It was close
2016-2015 2014-2015
7.41426887 5.47360751 Inventory Turnover Ratio indicates the number of times inventory is replaced during a y
22.494555 23.5965234 The Debtor tunover ratio shows how quickly debtors are converted into cash.The Comp
2.92972372 2.97618198 Creditors Turnover Ratio shows the number of times ,on average, the creditors are paid
0.78590304 0.65485241 Fixed Asset Turnover Ratio shows how well a company is using its fixed assets to genera
0.61305197 0.50139504 Total Asset Turnover Ratio shows how well a company is using its total assets to genera
TIOS
SHEET
2016-2015 2014-2015 2013-2014
1.36% 1.40% 1.50%

29.54% 30.98% 36.00%
63.74% 63.66% 58.78%
0.00% 0.00% 0.00%
4.22% 2.70% 2.40%
100 100 100
82.82% 81.58% 49.98%

6.25% 6.75% 38.39%
1.53% 0.73% 1.45%
8.40% 13.44% 0.22%
0.00% 0.00% 0.00%
61.12% 43.56% 12.27%
10.84% 9.93% 6.57%
-4.22% -5.60% -5.77%
5.22% 3.10% 5.85%
100 100 100
S ACCOUNT
2016-2015 2014-2015 2013-2014
100 100 100
86.56% 85.11% 86.09%
13.44% 14.90% 13.91%
6.88% 6.57% 5.29%
6.57% 8.32% 8.62%
4.45% 4.19% 4.66%
2.11% 4.13% 3.96%
-0.16% 0.00% 0.69%
0.00% 0.00% 0.00%
1.03% 0.06% 0.67%
1.31% 4.12% 2.68%
0.01% 0.42% 0.00%
1.30% 3.70% 2.67%
SHEET
2016-2015 2014-2015 2013-2014
0 0 100
90.51% 92.29% 100
119.64% 116.16% 100
0 0 100
181.73% 122.86% 100
110.32% 107.26% 100
182.80% 175.07% 100

17.96% 18.87% 100
116.47% 54.08% 100
4237.92% 6591.94% 100
0 0 100
906.50% 575.07% 100
181.99% 162.01% 100
80.65% 104.24% 100
98.45% 56.90% 100
110.32% 107.26% 100
S ACCOUNT
2016-2015 2014-2015 2013-2014
153.77% 120.95% 100
154.60% 119.57% 100
148.62% 129.51% 100
199.80% 150.12% 100
117.18% 116.85% 100
147.08% 108.84% 100
82.02% 126.26% 100
-35.35% 0.00% 100
0 0 100
235.77% 11.48% 100
74.98% 186.18% 100
0 0 100
74.70% 167.31% 100
analysis:
INTERPRETATION
g the company cannot easily earn its short term obligations..

rs meaning they are able to meet current obligation and greater is the safety of funds of short term creditors.
e a healthy ratio meaning the firm is in a good liquidity postion.
the 5 years meaning they were not able to cover the current liabilities with ease.
firm had more of debt than quity in first 2 years and then the company had more quity for the next 3 periods.
debts in the total capital of the company has been increasing at a slow rate and its ratio has increased from 0.22 to 0.29.
from 2.26 to 3.50 meaning the firm is able to meet the interest expenses with a bit of ease as compared to 5 years ago.
m 2013 to 2018 by 4% meaning they are able to cover the operating expenses of the Company with ease and provide suffiecient return to
od 2013-2014 to 2017-2018.The company has a decent Net Profit Margin which ensure an adequate return to the owners as well as for th
pan. The company has able to achieve good ROI meaning the company 's investment gains are favourable to its cost.
span of 5 years. It was close to 15% meaning the company has been efficiently using its current equity to generate greater income.
ventory is replaced during a year.The ratio increased for the company from 5.47 to 7.19 meaning a higher ratio implies good inventory ma
onverted into cash.The Company's ratio has been fluctuating and has actually decreased from 23 to 21 meaning they are now able get de
verage, the creditors are paid during a period.The ratio for the period is 33 meaning they are now able to pay 33 times a year to their cred
using its fixed assets to generate sales.The ratio for the firm has been constant in the span of 5 years meaning they are efficiently using its
sing its total assets to generate revenue.The ratio for the firm has been constant in the span of 5 years meaning they are efficiently using
ds.
m 0.22 to 0.29.
5 years ago.
d provide suffiecient return to the owners of the Company

to the owners as well as for the firm in case of an Adverse Situation.
o its cost.
enerate greater income.
atio implies good inventory management.

ning they are now able get debtors converted into cash quicker than before.
y 33 times a year to their creditors.
g they are efficiently using its fixed assets to generate more sales.
ning they are efficiently using its Total assets to generate more revenues.
Current Ratio
2
1.8
1.6 The company has a healthy current rati
1.4
1.2
1
0.8
0.6
0.4
0.2
0

2
1.8
1.6
The Debt to equity of the company show
1.4
1.2
1
0.8
0.6
0.4
0.2
0
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014
0.2
0.18
0.16
0.14 ROI of the company has been has been
0.12
0.1
0.08
0.06
0.18
0.16
0.14
0.12
0.1
0.08
0.06
0.04
0.02
0
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014

50
45
40
35
30
25
Inventory Turnover Ratio i
20
15
10
5
0
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014
any has a healthy current ratio for the last 5 years meaning they are able to meet current obligation and greater is the safety of funds of s
to equity of the company shows that initially the firm had more of debt than quity in first 2 years and then the company had more quity fo
e company has been has been fluctuating in the 5 year span. A good ROI is generally considered as 15% which the company has able to ach
Inventory Turnover Ratio indicates the number of times inventory is replaced during a year.The ratio increased for the company from
eater is the safety of funds of short term creditors.
he company had more quity for the next 3 periods.
h the company has able to achieve it meaning the company 's investment gains are favourable to its cost.
reased for the company from 28.13 to 47.27 meaning a higher ratio implies good inventory management.
Company : ACC Ltd
Industry : Cement
Year 2018-2019 2017-2018 2016-2017 2015-2016
SOURCES OF FUNDS :
Share Capital + 187.99 187.99 187.99 187.95
Reserves Total + 10343.91 9167.86 8625.44 8233.19
Equity Application Money 0 0 0 0
Total Shareholders Funds 10531.9 9355.85 8813.43 8421.14
Secured Loans + 0 0 0 0
Unsecured Loans + 0 0 0 0
Total Debt 0 59.17 50.02 35.5
Total Liabilities 10675.22 9501.52 8957.57 8543.65
Gross Block + 8927.23 8526.82 8176.63 11547.18
Less : Accumulated Depreciation + 1839.06 1246.76 608.86 6216.36
Net Block + 7088.17 7280.06 7567.77 5330.82
Capital Work in Progress+ 397.78 269.25 260.98 2396.11
Investments + 104.1 94.86 117.18 1314.15
Inventories + 1679.39 1404.78 1224.63 1189.43
Sundry Debtors + 867.37 665.97 533.18 484.43
Cash and Bank+ 3096.98 2728.55 1977.16 94.03
Loans and Advances + 1040.7 855.62 369.75 408.3
Total Current Assets 6684.44 5654.92 4104.72 2176.19
Current Liabilities + 4496.43 4273.05 3509.45 3146.56
Provisions + 209.73 519.61 470.61 639.33
Net Current Assets 1978.28 862.26 124.66 -1609.7
Deferred Tax Assets 232.08 319.8 328.51 183.52
Deferred Tax Liability 906.65 871.36 784.82 653.94
Net Deferred Tax -674.57 -551.56 -456.31 -470.42
Other Assets+ 1781.46 1546.65 1343.29 1582.69
Total Assets 10675.22 9501.52 8957.57 8543.65
Contingent Liabilities+ 2345.34 1621.89 1580.83 617.16
Company : ACC Ltd

Industry : Cement
Year 2018-2019 2017-2018 2016-2017 2015-2016
INCOME :
Sales Turnover + 14801.62 14200.72 12523.39 13241.04
Excise Duty 0 915.59 1533.67 1443.88
Net Sales 14801.62 13285.13 10989.72 11797.16
Other Income + 152.98 139.78 133.26 119.78
Stock Adjustments + 124.98 14.9 -16.99 -0.05
Total Income 15079.58 13439.81 11105.99 11916.89
EXPENDITURE :
Raw Materials + 2457.43 1980.88 1589.78 1848.07
Power & Fuel Cost+ 3000.83 2716.94 2159.91 2396.67
Employee Cost + 883.58 821.36 756.72 772.16
Other Manufacturing Expenses + 907.83 855.14 854.94 3646.71
Selling and Administration Expenses + 4878.26 4269.84 3377.96 722.14
Miscellaneous Expenses + 750.55 743.44 793.52 1038.38
Total Expenditure 12878.48 11387.6 9532.83 10424.13
Operating Profit 2201.1 2052.21 1573.16 1492.76
Interest + 87.77 98.53 78.67 64.64
Gross Profit 2113.33 1953.68 1494.49 1428.12
Depreciation+ 603.22 643.62 609.18 662.59
Profit Before Tax 0 0 0 0
Tax+ -43.06 352.65 237.66 260.54
Deferred Tax+ 32.55 32.9 -10.77 -70.56
Reported Net Profit 1520.62 924.51 658.42 575.55
Extraordinary Items + 0.15 0.1 0.13 -0.28
Adjusted Net Profit 1519.84 926.48 671.55 710.33
Adjst. below Net Profit + -62.74 -62.75 -80.6 0
P & L Balance brought forward 5526.05 4983.63 4755.16 4433.04
Appropriations + 281.68 319.24 349.22 414.14
P & L Balance carried down 6702.1 5526.05 4983.63 4606.5
Dividend 0 206.57 206.57 319.17
Dividend Per Share(Rs) 14 26 17 17
Earnings Per Share-Unit Curr 80.89 49.18 35.02 27.17
Earnings Per Share(Adj)-Unit Curr 80.89 49.18 35.02 27.17
Book Value-Unit Curr 80.88 49.17 35.02 27.81
Book Value(Adj)-Unit Curr 560.24 497.68 468.82 448.05
Tax Rate = 30%
Inventories 1679.39 1404.78 1224.63 1189.43
Sundry Debtors 867.37 665.97 533.18 484.43
Cash and Bank 3096.98 2728.55 1977.16 94.03
Loans and Advances 1040.7 855.62 369.75 408.3
Total Current Assets 6684.44 5654.92 4104.72 2176.19
Current Liabilities 4496.43 4273.05 3509.45 3146.56

Short Term Borrowings 0 0 0 0
Other Current Liabilities 2752.6 2927.73 2183.94 2269.06
RATIO ANALYSIS
2014-2015 2013-2014

8029.73 7625.43 TYPES 2018-2019 2017-2018
0 0 Net Working Capital 1978.280 862.260
0 0 Current Ratio 1.420 1.180
8217.68 7813.38 Quick Ratio 1.064 0.887
0 32 Cash Ratio 0.658 0.569
0 3.03
0 35.03
8336.55 7957.25 TYPES 2018-2019 2017-2018
11149.48 10586.68 Proprietary Ratio 0.60 0.59
5483.49 5016.7 Interest Coverage Ratio 25.08 20.83
0 0
5665.99 5569.98
0 0
1955.9 832.19 PROFITABILITY RATIOS
0 0 TYPES 2018-2019 2017-2018
1385.16 2125.57 Gross Profit Margin 14% 15%
Net Profit Margin 10% 7%
1256.38 1122.3 Return on Investment 9% 9%
410.6 397.18 Return on Equity 14% 10%
309.78 505.72
400.34 352.51
2377.1 2377.71 ACTIVITY RATIOS
TYPES 2018-2019 2017-2018
2866.83 2567.27 Inventory Turnover Ratio 8.351343 8.661715
937.27 1063.7 Debtor Turnover Ratio 19.306377 22.157578
3804.1 3630.97 Creditor Turnover Ratio 1.314134 1.288822
-1427 -1253.26 Fixed Asset Turnover Ratio 1.615894 1.523025
221.43 238.28
762.41 751.12
-540.98 -512.84
1297.48 1195.61 COMPREHENSIVE RATIOS
8336.55 7957.25 COMMON SIZE BALANCE SHEET
698.68 640.33 Particulars 2018-2019 2017-2018
SOURCES OF FUNDS :
2014-2015 2013-2014
13108.76 12472.22
1369.97 1322.13 APPLICATION OF FUNDS :
11738.79 11150.09 Net Block 66.40% 76.62%
11.28 -6.53 Investments 0.98% 1.00%
12006.7 11424.57 Net Current Assets 18.53% 9.07%
1981.9 1769.9 Deferred Tax Assets 25.60% 36.70%
748.05 662.55 Net Deferred Tax -6.32% -5.80%
1009.09 974.56 Other Assets 16.69% 16.28%
3222.45 2900.18 Total Assets 100 100
830.82 828.3
0 0
10236.78 9513.59
1769.92 1910.98
82.76 113.55 COMMON SIZE PROFIT & LOSS ACCOU
1687.16 1797.43 Particulars 2018-2019 2017-2018
567.62 583.79 Total Income 135% 120%
0 0 Total Expenditure 135% 120%
-44.87 147.13 Operating Profit 127% 131%
0 0 Interest 77% 87%
13.74 -15.22 PBIT 48% 32%
1150.67 1081.73 Depreciation 0% 0%
0.23 0.15 Profit Before Tax 5% 4%
1141.11 1062.87 Tax 0% 0%
0 -2.76 Fringe Benefit tax 0% 0%
4158.74 3845.79 Deferred Tax 218% 168%
0 0 Reported Net PAT 612% 540%
887.52 778.96 Extraordinary Items 0% 0%
4433.04 4158.74 Adjusted PAT 281% 238%
638.34 563.24
0 0
340 300
34 30
54.88 52.46
55.47 53.15 Particulars 2018-2019 2017-2018
Share Capital 0% 0%
Unsecured Loans 0 0
1256.38 1122.3
410.6 397.18
309.78 505.72
2377.1 2377.71 Net Block 127.26% 130.70%
2866.83 2567.27 Investments 4.90% 4.46%
0 0 Net Current Assets -157.85% -68.80%
3804.1 3276.3 Net Deferred Tax 131.54% 107.55%
Other Assets 149.00% 129.36%
Total Assets 134.16% 119.41%
COMMON BASE PROFIT & LOSS ACCOU

Particulars 2018-2019 2017-2018
Total Income 131.99% 117.64%
Interest 77.30% 86.77%
PBIT 117.58% 108.69%
Tax 0.00% 0.00%
Fringe Benefit tax 0.00% 0.00%
Deferred Tax -213.86% -216.16%
Extraordinary Items 0.00% 0.00%
Adjusted PAT 142.99% 87.17%
Du- point analysis
RATIO ANALYSIS
ATIOS
2016-2017 2015-2016 2014-2015
124.660 -1609.700 -1427.000 The Net working capital is increasing year by year meaning the compa
1.031 0.575 0.625 The company has a healthy current ratio for the last 5 years meaning
0.724 0.261 0.295 The ideal ratio is 1:1. The company in all the five years have a healthy
0.497 0.025 0.081 The company has a satisfactory ratio near to 0.50 in the 5 years mean
URE RATIOS
2016-2017 2015-2016 2014-2015
0.01 0.00 0.00 The company has not used much debts over the current period so, th
0.62 0.45 0.45 Proprietary ratio of the company reveals that its long term debts in th
20.00 23.09 21.39 The Interest Coverage ratio of the compnay has increased from 21.39
Y RATIOS
2016-2017 2015-2016 2014-2015
14% 12% 14% The Gross Profit margin of the company has not increased from 2014-
6% 6% 10% Net Profit Margin of the Company has been fluctutaing from period 2
8% 5% 7% ROI of the company has been has been fluctuating in the 5 year span.
8% 8% 14% The ROE of the company decreased for four years but in the current y
ATIOS
2016-2017 2015-2016 2014-2015
7.897757 8.524072 8.607110 Inventory Turnover Ratio indicates the number of times inventory is r
21.599080 26.361485 29.064324 The Debtor tunover ratio shows how quickly debtors are converted in
1.487374 2.268238 2.844166 Creditors Turnover Ratio shows the number of times ,on average, the
0.923032 0.793140 0.837439 Fixed Asset Turnover Ratio shows how well a company is using its fixe
0.665658 0.634573 0.665410 Total Asset Turnover Ratio shows how well a company is using its tota
NSIVE RATIOS
BALANCE SHEET
2016-2017 2015-2016 2014-2015 2013-2014
2.10% 2.20% 2.25% 2.36%

96.29% 96.37% 96.32% 95.83%
0.00% 0.00% 0.00% 0.40%
0.00% 0.00% 0.00% 0.00%
1.58% 1.40% 1.39% 1.33%
100 100 100 100
84.48% 62.40% 67.97% 70.00%
2.91% 28.05% 23.46% 10.46%
1.31% 15.38% 16.62% 26.71%
1.39% -18.84% -17.12% -15.75%
0.00% 0.00% 0.00% 0.00%
41.86% 28.06% 29.04% 31.72%
8.76% 7.65% 9.15% 9.44%
-5.09% -5.51% -6.49% -6.44%
15.00% 18.52% 15.56% 15.03%
100 100 100 100
FIT & LOSS ACCOUNT

2016-2017 2015-2016 2014-2015 2013-2014
113% 108% 105% 100
100% 110% 108% 100
136% 96% 102% 100
169% 57% 73% 100
31% 288% 235% 100
0% 0% 0% 100
6% 62% 65% 100
0% 0% 0% 100
0% 0% 0% 100
134% 122% 103% 100
391% 19% 61% 100
0% 0% 0% 100
173% 92% 100% 100
E BALANCE SHEET
2016-2017 2015-2016 2014-2015 2013-2014
0% 0% 100
113.11% 107.97% 105.30% 100
0.00% 0.00% 0.00% 100
0 0 0 100
121.50% 103.92% 109.80% 100
112.57% 107.37% 104.77% 100
135.87% 95.71% 101.72% 100
31.36% 287.93% 235.03% 100
5.51% 61.83% 65.17% 100
-9.95% 128.44% 113.86% 100
0 0 0 100
137.87% 77.02% 92.93% 100
104.49% 87.06% 101.50% 100
88.98% 91.73% 105.49% 100
112.35% 132.38% 108.52% 100
112.57% 107.37% 104.77% 100
OFIT & LOSS ACCOUNT

2016-2017 2015-2016 2014-2015 2013-2014
97.21% 104.31% 105.10% 100
100.20% 109.57% 107.60% 100
82.32% 78.11% 92.62% 100
69.28% 56.93% 72.88% 100
83.15% 79.45% 93.87% 100
0.00% 0.00% 0.00% 100
0.00% 0.00% 0.00% 100
0.00% 0.00% 0.00% 100
0.00% 0.00% 0.00% 100
70.76% 463.60% -90.28% 100
60.87% 53.21% 106.37% 100
0.00% 0.00% 0.00% 100
63.18% 66.83% 107.36% 100
Du- point analysis:
INTERPRETATION
year by year meaning the company can easily ean its short term obligations..
atio for the last 5 years meaning they are able to meet current obligation and greater is the safety of funds of short term creditors.
n all the five years have a healthy ratio meaning the firm is in a good liquidity postion.
near to 0.50 in the 5 years meaning they are able to cover the current liabilities with ease.
bts over the current period so, the debt equity ratio is zero for these years.
eals that its long term debts in the total capital of the company has been increasing and its ratio has increased from 0.45 to 0.62
mpnay has increased from 21.39 to 25.08 meaning the firm is able to meet the interest expenses with much ease as compared to 5 ye
any has not increased from 2014-2019 but they are able to cover the operating expenses of the Company with ease and provide suffie
as been fluctutaing from period 2014-2015 to 2018-2019.The company has a decent Net Profit Margin which ensure an adequate retu
en fluctuating in the 5 year span. A good ROI is generally considered as 9% which the company has able to achieve it meaning the com
or four years but in the current year it increased by 4% as compared to last year meaning the company has been efficiently using its c
he number of times inventory is replaced during a year.The ratio decreased for the company from 8.60 to 8.35 meaning a lower ratio i
quickly debtors are converted into cash.The Company's ratio has been fluctuating and has actually decreased from 29.06 to 19.30 me
number of times ,on average, the creditors are paid during a period.The ratio for the period is 1.31 meaning they are now able to pay 1
w well a company is using its fixed assets to generate sales.The ratio for the firm has increased from 0.83 to 1.61 in the span of 5 year
w well a company is using its total assets to generate revenue.The ratio for the firm has increased from 0.66 to 0.87 in the span of 5 ye
ION
of short term creditors.
ed from 0.45 to 0.62

h ease as compared to 5 years ago.
th ease and provide suffiecient return to the owners of the Company

h ensure an adequate return to the owners as well as for the firm in case of an Adverse Situation.
chieve it meaning the company 's investment gains are favourable to its cost.
been efficiently using its current equity to generate greater incom
35 meaning a lower ratio implies bad inventory management.

ed from 29.06 to 19.30 meaning they are now able get debtors converted into cash 15 times a year.
they are now able to pay 1.31 times a year to their creditors.
1.61 in the span of 5 years meaning they are efficiently using its fixed assets to generate more sales.
to 0.87 in the span of 5 years meaning they are efficiently using its Total assets to generate more revenues.
Current Ratio
1.600
1.400
The company has a healt
1.200
1.000
0.800
0.600
0.400
0.200
0.000
2018-2019 2017-2018 2016-2017 2015-2016 2014-2015

0.01
0.01
The company has not use
0.01
0.00
0.00
0.00
0.00
0.00
2018-2019 2017-2018 2016-2017 2015-2016 2014-2015
10%
9%
8%
7% ROI of the company has b
6%
5%
4%
3%
2%
1%
0%
2018-2019 2017-2018 2016-2017 2015-2016 2014-2015
6%
5%
4%
3%
2%
1%
0%
2018-2019 2017-2018 2016-2017 2015-2016 2014-2015

8.800000
8.600000
8.400000
8.200000
8.000000 Inventory
7.800000
7.600000
7.400000
2018-2019 2017-2018 2016-2017 2015-2016 2014-2015
The company has a healthy current ratio for the last 5 years meaning they are able to meet current obligation and greater is the safe
The company has not used any debts over the current period so, the debt equity ratio is zero for these years.
ROI of the company has been has been fluctuating in the 5 year span. A good ROI is generally considered as 9% which the company h
Inventory Turnover Ratio indicates the number of times inventory is replaced during a year.The ratio decreased for th
tion and greater is the safety of funds of short term creditors.
rs.
s 9% which the company has able to achieve it meaning the company 's investment gains are favourable to its cost.
The ratio decreased for the company from 8.60 to 8.35 meaning a lower ratio implies bad inventory management.
ts cost.
ement.
Company : Shree Cement Ltd
Industry : Cement
Year 2018-2019 2017-2018 2016-2017 2015-2016
SOURCES OF FUNDS :
Share Capital + 34.84 34.84 34.84 34.84
Reserves Total + 9,635.91 8,861.82 7,663.16 6,810.58
Secured Loans + 2865.15 2,385.12 685.35 834.97
Unsecured Loans + 0 1,017.86 607.18 45.54
Total Debt 2865.15 3,402.98 1,292.53 880.51
Other Liabilities+ 1,323.95 1,069.73 960.22 925.31
Gross Block + 10,620.72 6,547.76 4,635.39 3,872.01
Less : Accumulated Depreciation + 4,439.07 2,958.58 2,036.27 821.84
Net Block + 6,181.65 3,589.18 2,599.12 3,050.17
Capital Work in Progress+ 1,129.45 1,427.15 710.44 264.5
Investments + 2,285.63 5,434.08 4,042.35 3,030.35
Inventories + 1,870.31 1,569.02 1,314.50 815.19
Sundry Debtors + 1,023.71 459.25 335.12 328.62
Cash and Bank+ 439.29 120.97 111.1 83.05
Loans and Advances + 1,353.17 1,239.97 867.35 501.75
Current Liabilities + 1,604.73 1,749.11 1,213.04 809.56
Provisions + 28.22 23.19 2.19 2.39
Total Current Liabilities 1,632.95 1,772.30 1,215.23 811.95
Net Current Assets 3,053.53 1,616.91 1,412.84 916.66
Deferred Tax Liability 4.11 7.71 20.56 0
Net Deferred Tax 612.39 513.05 507.69 371.79
Other Assets+ 597.2 789 678.31 1,017.77
Total Assets 13,859.85 13,369.37 9,950.75 8,651.24
Contingent Liabilities+ 65.34 62.1 785.81 119.82
Company : Shree Cement Ltd

Industry : Cement
Year 2018-2019 2017-2018 2016-2017 2015-2016
INCOME :
Sales Turnover + 6,544.31 7,176.84 6,189.96 9,661.66
Excise Duty 657 723.27 676.32 1,067.36
Net Sales 5,887.31 6,453.57 5,513.64 8,594.30
Other Income + 184.96 137.85 672.68 361.77
Stock Adjustments + 16.37 79.1 -3.28 53.48
Total Income 6,088.64 6,670.52 6,183.04 9,009.55
EXPENDITURE :
Raw Materials + 436.84 552.76 449.3 680.66
Power & Fuel Cost+ 1,378.70 1,579.82 1,122.95 1,444.27
Employee Cost + 395.3 455.03 369.86 537.18
Other Manufacturing Expenses + 629.86 637.98 538.64 821.25
Interest + 129.19 120.63 75.77 129.42
Gross Profit 1,365.03 1,325.58 2,003.79 2,745.49
Depreciation+ 549.91 924.78 827.57 1,214.71
Profit Before Tax 815.12 400.8 1,176.22 1,530.78
Tax+ 77 26.83 66.8 326.26
Deferred Tax+ -49.09 -52.33 -33.68 -134.56
Reported Net Profit 787.21 426.3 1,143.10 1,339.08
Extraordinary Items + -23.08 -3.39 4.5 9.8
Adjusted Net Profit 810.29 429.69 1,138.60 1,329.28
Adjst. below Net Profit + 0 0 3.48 2.42
P & L Balance brought forward 1,114.25 866.98 2,089.77 2,777.02
Appropriations + 1,034.48 599.46 459.33 1,486.38
P & L Balance carried down 866.98 693.82 2,777.02 2,632.14
Dividend 76.65 83.61 132.38 404.11
Equity Dividend % 220 240 240 1,400.00
Dividend Per Share(Rs) 22 24 24 140
Book Value-Unit Curr 1,352.13 1,514.44 1,964.82 2,209.53
Book Value(Adj)-Unit Curr 1,352.13 1,514.44 1,964.82 2,209.53
Tax Rate = 30% 0.7
Inventories 1,870.31 1,569.02 1,314.50 815.19
Sundry Debtors 1,023.71 459.25 335.12 328.62
Cash and Bank 439.29 120.97 111.1 83.05
Loans and Advances 1,353.17 1,239.97 867.35 501.75
Current Liabilities
Short Term Borrowings 472.67 1,185.86 773.74 195.75
Other Current Liabilities 1,109.75 1,053.07 862.74 707.66
RATIO ANALYSIS
2014-2015 2013-2014

5,241.47 4,675.97 TYPES 2018-2019 2017-2018
0 0 Current Ratio 2.86994703 1.912323
5,276.31 4,710.81 Quick Ratio 1.72459047 1.0270214
916.64 1277.97 Cash Ratio 0.2690162 0.0682559
0 0
916.64 1277.97
7,064.38 7,328.69 TYPES 2018-2019 2017-2018
5,645.29 0 Interest Coverage Ratio 11.5660655 11.988809
0 0
3,004.33 2,193.77
0 0
0 0 TYPES 2018-2019 2017-2018
1,662.49 2244.33 Gross Profit Margin 23.1860% 20.5403%
918.86 809.78 Return on Investment 5.4140% 5.7562%
476.39 296.59 Return on Equity 8.3788% 4.8298%
307.54 159.29
365.83 1066.27
TYPES 2018-2019 2017-2018
1,135.21 1651.78 Fixed Asset Turnover Ratio 0.42902933 0.5661729
207.1 161.05
11.91 18.19
195.19 142.86
56.56 47.97 Particulars 2017-2018 2016-2017
SOURCES OF FUNDS :
2014-2015 2013-2014
10,159.53 12,554.65
326.43 0 APPLICATION OF FUNDS :
9,833.10 12,554.65 Net Block 44.60% 26.85%
-1.29 39.94 Investments 16.49% 40.65%
10,220.86 12,844.35 Net Current Assets 22.03% 12.09%
769.06 1,055.38 Deferred Tax Assets 15000.00% 6754.35%
588.05 767.18 Net Deferred Tax 4.42% 3.84%
789.68 963.64 Other Assets 4.31% 5.90%
3,044.64 3,534.98 Total Assets 100 100
187.98 565.23
0 0
7,359.06 9,979.04
2,861.80 2,865.31
2,726.53 2,617.45 Particulars 2017-2018 2016-2017
899.4 1,471.81 Total Income 100 100
1,827.13 1,145.64 Total Expenditure 75.46% 78.32%
0 0 Interest 2.12% 1.81%
-3.59 -87.28 PBIT 22.42% 19.87%
1,384.15 1,015.05 Depreciation 9.03% 13.86%
28.48 -135.54 Profit Before Tax 13.39% 6.01%
1,355.67 1,141.93 Tax 1.26% 0.40%
2.14 3.77 Fringe Benefit tax 0.00% 0.00%
2,632.14 3,333.95 Deferred Tax -0.81% -0.78%
684.48 436.18 Extraordinary Items -0.38% -0.05%
3,333.95 3,907.93 Adjusted PAT 13.31% 6.44%
69.67 87.09
0 0
500 600
50 60
397.29 291.35
2,553.58 2,775.76 Particulars 2017-2018 2016-2017
2,553.58 2,775.76 SOURCES OF FUNDS :
Share Capital 0 0
Unsecured Loans 0 0
918.86 809.78
476.39 296.59
307.54 159.29
2,068.62 2,331.93 Net Block 281.78% 163.61%
214.95 631.59 Net Current Assets 184.86% 97.89%
933.41 680.15 Net Deferred Tax 428.66% 359.13%
Other Assets 39.27% 51.88%
Total Assets 189.12% 182.43%

Particulars 2017-2018 2016-2017
Total Income 47.40% 51.93%
Interest 52.12% 48.67%
PBIT 52.15% 50.64%
Tax 35.34% 12.31%
Deferred Tax 56.24% 59.96%
Du- point analysi
RATIO ANALYSIS
ATIOS
2016-2017 2015-2016 2014-2015
1412.84 916.66 1135.21 The Net working capital is increasing year by year meaning the compa
0.091423023 0.10228462 0.32948008 The company has a satisfactory ratio of over 1 in the 5 years meaning
URE RATIOS
2016-2017 2015-2016 2014-2015
0.089029618 0.12197498 0.17372747 The Debt to equity of the company shows that initially the firm had m
27.44569091 22.2138 21.1562061 The Interest Coverage ratio of the compnay has decreased from 21.15
Y RATIOS
2016-2017 2015-2016 2014-2015
36.3424% 31.9455% 27.7281% The Gross Profit margin increased initally by 3 to 4% but then started
20.6506% 15.4670% 13.7868% Net Profit Margin of the Company has been fluctutaing from period 2
11.4671% 20.3005% 14.8965% ROI of the company has been has been fluctuating in the 5 year span.
14.7909% 19.4185% 25.6935% The ROE of the company increased in the last year but for previous th
ATIOS
2016-2017 2015-2016 2014-2015
NSIVE RATIOS
BALANCE SHEET
2015-2016 2014-2015 2013-2014 2012-2013
0.35% 0.40% 0.49% 0.48%

77.01% 78.72% 74.20% 63.80%
6.89% 9.65% 12.98% 17.44%
0.00% 0.00% 0.00% 0.00%
9.65% 10.70% 12.34% 18.28%
100 100 100 100
26.12% 35.26% 42.53% 29.93%
7.14% 3.06% 7.23% 10.35%
40.62% 35.03% 23.53% 30.62%
14.20% 10.60% 16.07% 22.54%
0.00% 0.00% 0.00% 0.00%
2569.31% #DIV/0! 1738.87% 885.38%
0.21% 0.00% 0.17% 0.25%
5.10% 4.30% 2.76% 1.95%
6.82% 11.76% 7.87% 20.75%
100 100 100 100
FIT & LOSS ACCOUNT

2015-2016 2014-2015 2013-2014 2012-2013
100 100 100 100
66.37% 68.09% 72.00% 77.69%
33.63% 31.91% 28.00% 22.31%
1.23% 1.44% 1.32% 1.93%
32.41% 30.47% 26.68% 20.38%
13.38% 13.48% 8.80% 11.46%
19.02% 16.99% 17.88% 8.92%
1.08% 3.62% 4.37% 1.70%
0.00% 0.00% 0.00% 0.00%
-0.54% -1.49% -0.04% -0.68%
18.49% 14.86% 13.54% 7.90%
0.07% 0.11% 0.28% -1.06%
18.41% 14.75% 13.26% 8.89%
E BALANCE SHEET
2015-2016 2014-2015 2013-2014 2012-2013
0 0 0 100
163.88% 145.65% 112.09% 100
53.63% 65.34% 71.73% 100
0 0 0 100
134.91% 153.88% -368.48% 100
135.78% 118.05% 96.39% 100
118.48% 139.04% 136.95% 100
93.66% 34.87% 67.38% 100
180.11% 135.02% 74.08% 100
85.53% 55.50% 68.73% 100
0 0 0 100
328.00% 230.85% 128.59% 100
113.03% 0.00% 65.48% 100
355.38% 260.25% 136.63% 100
44.60% 66.92% 36.56% 100
135.78% 118.05% 96.39% 100
OFIT & LOSS ACCOUNT

2015-2016 2014-2015 2013-2014 2012-2013
48.14% 70.14% 79.57% 100
41.12% 61.48% 73.75% 100
72.58% 100.34% 99.88% 100
30.57% 52.21% 54.58% 100
76.56% 104.89% 104.17% 100
56.23% 82.53% 61.11% 100
102.67% 133.62% 159.49% 100
30.66% 149.75% 204.97% 100
0 0 0 100
38.59% 154.17% 4.11% 100
112.62% 131.92% 136.36% 100
0 0 0 100
99.71% 116.41% 118.72% 100
Du- point analysis:
INTERPRETATION
year by year meaning the company can easily meet its short term obligations..
hows that initially the firm had more of debt than quity in first 2 years and then the company had more quity for the next 3 periods.
mpnay has decreased from 21.15% to 11.5 meaning the firm has not been able to meet the interest expenses with much ease as com
tally by 3 to 4% but then started falling and came down to 20% but improved to 23% in 2018-19.the company was able to cover the op
s been fluctutaing from period 2013-2014 to 2017-2018.The company has a decent Net Profit Margin which ensure an adequate retur
en fluctuating in the 5 year span. A good ROI is generally considered as 15% which the company has able to achieve for 2 years but it f
n the last year but for previous three years it was less than 20% meaning the company has not been efficiently using its current equity
he number of times inventory is replaced during a year.The ratio decreased for the company from 8.5% to 2.67% means that the comp
quickly debtors are converted into cash.The Company's ratio has been fluctuating and has actually decreased from 25 to 8 meaning th
w well a company is using its fixed assets to generate sales.The ratio for the firm has decreased from 1.22 to 0.42 in the span of 5 year
w well a company is using its total assets to generate revenue.The ratio for the firm has decreased from 0.8 to 0.3 in the span of 5 yea
RETATION
short term creditors.
for the next 3 periods.

d from 0.36 to 0.49.
s with much ease as compared to 5 years ago.
y was able to cover the operating expenses of the Company and provide suffiecient return to the owners of the Company
ensure an adequate return to the owners as well as for the firm in case of an Adverse Situation.
chieve for 2 years but it fell down in the current year to 5% indicating investment gains are not favourable to its cost.
ly using its current equity to generate greater income.
7% means that the company has not been able to maintain good inventory.
d from 25 to 8 meaning they are now able get debtors converted into cash rather slowely.
hey are now able to pay 3.20 times a year to their creditors and the ratio has decreased which is a good sign for the company.
0.42 in the span of 5 years meaning they are not efficiently using their fixed assets to generate more sales and it is way lesss than indu
o 0.3 in the span of 5 years meaning they are not efficiently using its Total assets to generate more revenues.
Current Ratio
3.5
2.5
1.5
0.5
0
2018-2019 2017-2018 2016-2017 2015-2016 2014-2015
of the Company Debt to Equity Ratio

0.35
e to its cost.
0.3
0.25
0.2
0.15
0.1
gn for the company. 0.05

and it is way lesss than industry average of 10.
0
es. 2018-2019 2017-2018 2016-2017 2015-2016 2014-2015
25.0000%
20.0000%
15.0000%
10.0000%
5.0000%
0.0000%
2018-2019 2017-2018 2016-2017 2015-2016 2014-2015
10.0000%
5.0000%
0.0000%
2018-2019 2017-2018 2016-2017 2015-2016 2014-2015

9
8
7
6
5
4
3
2
1
0
2018-2019 2017-2018 2016-2017 2015-2016 2014-2015
The company has a healthy current ratio for the last 5 years meaning they are able to meet current obligation a
2014-2015
The Debt to equity of the company shows that initially the firm had less debt than quity in first 3 years and then
2014-2015
ROI of the company has been has been fluctuating in the 5 year span. A good ROI is generally considered as 15%
16 2014-2015
16 2014-2015
Inventory Turnover Ratio indicates the number of times inventory is replaced during a year.Th
2014-2015
meet current obligation and greater is the safety of funds of short term creditors.
ty in first 3 years and then the company had more quity for the next 2 periods.
enerally considered as 15% which the company has able to achieve it meaning the company 's investment gains are favourable to its co
replaced during a year.The ratio increased for the company from 3% to 8% meaning a higher ratio implies good inventory managemen
ins are favourable to its cost.
od inventory management.
Company : Dalmia cement ltd
Industry : Cement
Year 2018-19 2017-18 2016-17 2015-16

SOURCES OF FUNDS :
Share Capital + 39 252.92 252.92 252.92
Reserves Total + 10,586.00 2,620.55 2,620.55 2,620.55
Secured Loans + 4,967.00 4,193.08 4,703.48 4,389.30
Unsecured Loans + 911 1,535.89 1,651.05 286.14
Total Debt 5,878.00 5,728.97 6,354.53 4,675.44
Other Liabilities+ 297 74.64 98.88 116.44
Gross Block + 18,318.00 6,948.15 7,100.19 4,902.33
Less : Accumulated Depreciation + 4,745.00 1,223.44 794.64 978.29
Net Block + 13,573.00 5,724.71 6,305.55 3,924.04
Capital Work in Progress+ 520 77.89 84.26 100.39
Investments + 2,424.00 2,363.98 2,371.77 3,218.77
Inventories + 1,032.00 350.72 281.41 175.08
Sundry Debtors + 549 362.95 352.35 221.6
Cash and Bank+ 469 152.92 84.06 86.39
Loans and Advances + 1,039.00 1,813.33 2,063.20 768.08
Provisions + 139 14.92 55.85 78.02
Net Current Assets 655 1,637.44 1,606.98 647.41
Deferred Tax Assets 1,434.00 355.74 423.73 42.11
Deferred Tax Liability 2,713.00 1,299.41 1,329.20 378.89
Net Deferred Tax -1,279.00 -943.67 -905.47 -336.78
Other Assets+ 932 224.22 206 362.88
Total Assets 16,825.00 9,084.57 9,669.09 7,916.71
Contingent Liabilities+ 568 1,079.35 452.54 134.25
Company : Dalmia bharat Ltd

Industry : Cement
Year 2018-19 2017-18 2016-17 2015-16
INCOME :
Sales Turnover + 9,484.00 3,735.93 7,959.87 7,085.54
Excise Duty 0 100.54 943.74 850.9
Net Sales 9,484.00 3,635.39 7,016.13 6,234.64
Other Income + 244 245.43 298.78 229.49
Stock Adjustments + 147 -11.53 -88.99 20.35
Total Income 9,875.00 3,869.29 7,225.92 6,484.48
EXPENDITURE :
Raw Materials + 1,932.00 409.06 1,202.59 1,111.65
Power & Fuel Cost+ 1,756.00 770.57 979.23 882.01
Employee Cost + 648 257.45 609.18 505.31
Other Manufacturing Expenses + 2,465.00 960.42 719.43 657.87
Selling and Administration Expenses + 392 299.08 1,126.29 1,158.28
Miscellaneous Expenses + 496 116.06 388.54 348.26
Interest + 551 528.63 889.99 730.19
Gross Profit 1,635.00 528.02 1,310.67 1,090.91
Depreciation+ 1,296.00 433.07 602.71 580.87
Profit Before Tax 339 94.95 707.96 510.04
Tax+ 107 6.57 252.64 132.21
Deferred Tax+ -117 10.07 23.51 113.29
Reported Net Profit 349 78.31 431.81 264.54
Extraordinary Items + 123.88 -2.02 63.43 36.5
Adjst. below Net Profit + 55 1.19 25 85.24
P & L Balance brought forward 1,544.00 435.96 942.36 825.79
Statutory Appropriations 0 0 0 0.28
Appropriations + 60 -110.88 182.13 173.05
P & L Balance carried down 1,847.00 626.34 1,130.03 927.71
Dividend 0 0 0 42.85
Dividend Per Share(Rs) 2 0 2.2 2
Earnings Per Share(Adj)-Unit Curr 15.79 0 38.76 21.4
Book Value(Adj)-Unit Curr 544.87 0 558.16 516.81
Inventories 1,032.00 350.72 281.41 175.08
Sundry Debtors 549 362.95 352.35 221.6
Cash and Bank 469 152.92 84.06 86.39
Loans and Advances 1,039.00 1,813.33 2,063.20 768.08
Current Liabilities
Short Term Borrowings 0 0 0 0
Other Current Liabilities 2,295.00 1,027.56 1,118.19 525.72
Short Term Provisions 139 14.92 55.85 78.02
RATIO ANALYSIS
2014-15 2013-14

2,620.55 2,620.55 TYPES 2018-19 2017-18
0 0 Net Working Capital 655 1637.44
0 0 Current Ratio 1.26910435 2.570716
2,958.51 2,898.25 Quick Ratio 0.84511093 2.2342875
4,270.29 2,956.14 Cash Ratio 0.19268694 0.1466887
456.91 66.05
4,727.20 3,022.19
7,794.20 5,990.88 TYPES 2018-19 2017-18
811.62 635.42 Interest Coverage Ratio 3.96733212 1.9988461
0 0
2,894.40 3,015.90
0 0
0 0 TYPES 2018-19 2017-18
2,850.95 1,672.45 Gross Profit Margin 17.2396% 14.5244%
145.22 172.16 Return on Equity 1.7306% 2.4484%
344.9 26.11
545.99 224.67
1,277.73 669.23 ACTIVITY RATIOS
TYPES 2018-19 2017-18
926.64 335.97 Fixed Asset Turnover Ratio 0.61881729 0.3837585
54.34 5.21
226.6 137.79
-172.26 -132.58
210.29 490.08 Particulars 2018-19 2017-18
SOURCES OF FUNDS :
2014-15 2013-14
3,998.62 3,425.17
3,514.12 3,015.82 Net Block 80.67% 63.02%
-2.22 -17.57 Investments 14.41% 26.02%
277.41 225.68 Net Deferred Tax -7.60% -10.39%
295.53 332.53 Other Assets 5.54% 2.47%
802.92 667.73 Total Assets 100 100
294.45 151.13
0 0
2,915.51 2,533.52
689.73 534.38
255.35 219.24 Particulars 2018-19 2017-18
271.58 242.15 Total Income 100 100
-16.23 -22.91 Total Expenditure 77.86% 72.69%
0 0 Interest 5.58% 13.66%
35.92 24.62 PBIT 16.56% 13.65%
-63.09 -87.34 Depreciation 13.12% 11.19%
-27 -18.61 Profit Before Tax 3.43% 2.45%
30.05 10.19 Tax 1.08% 0.17%
-6.99 30.74 Fringe Benefit tax 0.00% 0.00%
292.91 308.76 Deferred Tax -1.18% 0.26%
230.47 38.17 Extraordinary Items 1.25% -0.05%
58.5 292.91 Adjusted PAT 1.86% 2.08%
19.32 16.24
0 0
75 100
1.5 2
0.38 0
0.38 0 COMMON BASE BALANCE SHEET
381.31 384.88 Particulars 2018-19 2017-18
Share Capital 0.84580104 0
Unsecured Loans 0 0
241.62 246.29
145.22 172.16
344.9 26.11
1,277.73 669.23 Net Block 450.05% 189.82%
0 0 Net Current Assets 194.96% 487.38%
979.8 1,020.00 Miscellaneous Expenses not written off 0 0
351.09 333.26 Net Deferred Tax 964.70% 711.77%
Total Assets 280.84% 151.64%

Particulars
Total Income 321.88% 126.12%
Interest 174.84% 167.74%
PBIT 745.76% 240.84%
Profit Before Tax -1479.70% -414.45%
Tax 268.78% 16.50%
Deferred Tax -475.22% 40.90%
Reported Net PAT -399.59% -89.66%
Adjusted PAT 1806.87% 788.32%
Du- point analysis
RATIO ANALYSIS
ATIOS
2016-17 2015-16 2014-15
1606.98 647.41 926.64 The Net working capital is increasing year by year meaning the compa
URE RATIOS
2016-17 2015-16 2014-15
2.472679468 2.49400841 1.58784935 The Interest Coverage ratio of the compnay has decreased from 3.9 to
Y RATIOS
2016-17 2015-16 2014-15
18.6808% 17.4976% 7.2664% The Gross Profit margin of the company has increased from 2013 to 2
12.2812% 12.9609% 5.2887% ROI of the company has been has been fluctuating in the 5 year span.
8.7499% 4.9126% 1.0157% The ROE of the company has been flactuating in the past 5 years.
ATIOS
2016-17 2015-16 2014-15
NSIVE RATIOS
BALANCE SHEET
2016-17 2015-16 2014-15 2013-14
2.62% 3.19% 3.24% 4.22%

27.10% 33.10% 33.62% 43.74%
48.64% 55.44% 54.79% 49.34%
0.00% 0.00% 0.00% 0.00%
1.02% 1.47% 1.39% 1.18%
100 100 100 100
65.21% 49.57% 37.14% 50.34%
0.87% 1.27% 12.82% 11.76%
24.53% 40.66% 36.58% 27.92%
16.62% 8.18% 11.89% 5.61%
0.00% 0.00% 0.00% 0.00%
31.88% 11.11% 23.98% 3.78%
13.75% 4.79% 2.91% 2.30%
-9.36% -4.25% -2.21% -2.21%
2.13% 4.58% 3.79% 6.59%
100 100 100 100
FIT & LOSS ACCOUNT

2016-17 2015-16 2014-15 2013-14
100 100 100 100
69.54% 71.92% 80.87% 82.58%
30.46% 28.08% 19.13% 17.42%
12.32% 11.26% 12.05% 10.27%
18.14% 16.82% 7.08% 7.15%
8.34% 8.96% 7.53% 7.89%
9.80% 7.87% -0.45% -0.75%
3.50% 2.04% 0.30% 1.30%
0.00% 0.00% 0.00% 0.00%
0.33% 1.75% 1.00% 0.80%
5.98% 4.08% -1.75% -2.85%
0.88% 0.56% -0.75% -0.61%
3.89% 2.37% 0.83% 0.33%
E BALANCE SHEET
2016-17 2015-16 2014-15 2013-14
0 0 0 100
100.00% 100.00% 100.00% 100
159.11% 148.48% 144.45% 100
0 0 0 100
82.44% 107.95% 138.05% 100
161.40% 132.15% 130.10% 100
209.08% 130.11% 95.97% 100
11.96% 14.25% 141.88% 100
141.81% 192.46% 170.47% 100
478.31% 192.70% 275.81% 100
0 0 0 100
8133.01% 808.25% 1042.99% 100
964.66% 274.98% 164.45% 100
682.96% 254.02% 129.93% 100
52.19% 91.94% 74.75% 100
161.40% 132.15% 130.10% 100
OFIT & LOSS ACCOUNT
235.53% 211.37% 117.51% 100

198.35% 184.07% 115.08% 100
411.82% 340.79% 129.07% 100
282.41% 231.70% 137.84% 100
597.82% 497.59% 116.47% 100
248.90% 239.88% 112.15% 100
-3090.18% -2226.28% 70.84% 100
634.61% 332.10% 27.48% 100
0 0 0 100
95.49% 460.15% 145.90% 100
-494.40% -302.89% 72.23% 100
0 0 0 100
2761.24% 1506.48% 294.90% 100
Du- point analysis:
INTERPRETATION
year by year meaning the company can easily ean its short term obligations..
eals that its long term debts in the total capital of the company has been decresing and its ratio has decreased from 0.4 to 0.3.
mpnay has decreased from 3.9 to 1.5 in the last 5 years ago.
any has increased from 2013 to 2019 by 10% meaning they are able to cover the operating expenses of the Company with ease and pr
as been fluctutaing from period 2013-2014 to 2018-2019.The company has a decent Net Profit Margin which ensure an adequate retu
en fluctuating in the 5 year span. A good ROI is generally considered as 15% which the company has able to achieve it meaning the co
actuating in the past 5 years.
he number of times inventory is replaced during a year.The ratio increased for the company from 11.9 to 22.0 meaning a higher ratio i
quickly debtors are converted into cash.The Company's ratio has been fluctuating and has actually decreased from 22 to 20 meaning
w well a company is using its fixed assets to generate sales.The ratio for the firm has increased from 0.5 to 0.6 in the span of 5 years m
w well a company is using its total assets to generate revenue.The ratio for the firm has increased from 0.4 to 0.5 in the span of 5 year
ION
of short term creditors.
y for the next 3 periods.

sed from 0.4 to 0.3.
Company with ease and provide suffiecient return to the owners of the Company
h ensure an adequate return to the owners as well as for the firm in case of an Adverse Situation.
achieve it meaning the company 's investment gains are favourable to its cost.
0 meaning a higher ratio implies good inventory management, but again it fal
ed from 22 to 20 meaning they are now able get debtors converted into cash.
they are now able to pay 7.17 times a year to their creditors.
o 0.5 in the span of 5 years meaning they are efficiently using its Total assets to generate more revenues.
Current Ratio
4
3.5
3
2.5
1.5
0.5
0
2018-19 2017-18 2016-17 2015-16 2014-15

1.6
1.4
1.2 The Debt to equity of the

1
0.8
0.6
0.4
0.2
0
2018-19 2017-18 2016-17 2015-16 2014-15
14.0000%
12.0000%
10.0000% ROI of the company has b
8.0000%
6.0000%
4.0000%
2.0000%
0.0000%
2018-19 2017-18 2016-17 2015-16 2014-15
8.0000%
6.0000%
4.0000%
2.0000%
0.0000%
2018-19 2017-18 2016-17 2015-16 2014-15

25
20
15
Inventory T
10
0
2018-19 2017-18 2016-17 2015-16 2014-15
The Debt to equity of the company shows that initially the firm had more of debt than quity in first 2 years and then the company ha
ROI of the company has been has been fluctuating in the 5 year span. A good ROI is generally considered as 15% which the company
Inventory Turnover Ratio indicates the number of times inventory is replaced during a year.The ratio increased for the c
tion and greater is the safety of funds of short term creditors.
and then the company had more quity for the next 3 periods.
s 15% which the company has able to achieve it meaning the company 's investment gains are favourable to its cost.
he ratio increased for the company from 28.13 to 47.27 meaning a higher ratio implies good inventory management.
its cost.
gement.
Company : The Ramco Cements Ltd
Industry : Cement - Major - South India
Year 2017-2018 2016-2017 2015-2016 2014-2015
SOURCES OF FUNDS :
Share Capital + 23.56 23.56 23.81 23.81
Reserves Total + 4,513.44 4,089.08 3,771.65 3,109.33
Equity Share Warrants - - - -
Equity Application Money - - - -
Secured Loans + 724.26 619.21 591.86 1,409.60
Unsecured Loans + 912.66 501.37 845.30 731.21
Total Debt 1,636.92 1,120.58 1,437.16 2,140.81
Gross Block + 8,776.31 8,457.54 8,087.73 7,663.54
Less:Impairment of Assets - - 1.27 1.27
Net Block + 5,399.96 5,323.22 5,210.63 5,026.25
Lease Adjustment - - - -
Producing Properties - - - -
Investments + 258.67 239.68 210.45 326.72
Inventories + 561.08 561.25 576.57 550.17
Sundry Debtors + 490.07 442.96 554.90 472.12
Cash and Bank+ 94.83 120.24 119.77 91.13
Provisions + 25.46 48.56 51.05 42.28
Net Current Assets 248.70 176.36 322.42 382.28
Miscellaneous Expenses not written off + - - - -
Deferred Tax Liability 922.83 913.13 888.60 869.04
Net Deferred Tax -864.18 -788.65 -721.50 -708.39
Other Assets+ 311.64 133.04 107.39 110.30
Total Assets 6,207.38 5,258.57 5,249.65 5,284.00
Contingent Liabilities+ 1,116.09 1,224.96 1,101.75 1,005.91
Company : The Ramco Cements Ltd

Year 2017-2018 2016-2017 2015-2016 2014-2015
INCOME :
Sales Turnover + 5,162.34 4,584.99 4,582.02 4,139.41
Excise Duty - 159.95 614.69 557.65
Net Sales 5,162.34 4,425.04 3,967.33 3,581.76
Other Income + 24.96 32.68 39.94 75.47
Stock Adjustments + -18.30 16.10 -14.94 -9.94
Total Income 5,169.00 4,473.82 3,992.33 3,647.29
EXPENDITURE :
Raw Materials + 828.59 766.68 655.45 578.88
Power & Fuel Cost+ 1,057.32 729.07 516.41 526.97
Employee Cost + 337.94 309.72 278.52 259.40
Other Manufacturing Expenses + 1,560.67 1,250.22 293.24 255.59
Selling and Administration Expenses + 270.04 243.33 971.07 856.49
Less: Pre-operative Expenses Capitalised+ 10.16 4.01 - -
Interest + 52.52 60.81 105.42 184.27
Gross Profit 1,018.03 1,085.40 1,142.74 968.18
Depreciation+ 299.96 293.68 285.83 305.26
Profit Before Tax 718.07 791.72 856.91 662.92
Tax+ 185.36 201.10 187.01 106.65
Fringe Benefit tax+ - - - -
Deferred Tax+ 25.25 30.09 15.69 25.01
Reported Net Profit 510.72 564.18 662.74 545.23
Extraordinary Items + 1.07 -0.76 0.55 -0.28
Adjst. below Net Profit + -14.54 -11.44 - 1.46
P & L Balance brought forward 216.60 205.08 91.54 124.68
Statutory Appropriations - - - -
Appropriations + 491.47 541.22 549.20 578.37
P & L Balance carried down 221.31 216.60 205.08 93.00
Dividend - - - 107.24
Preference Dividend - - - -
Equity Dividend % 300.00 300.00 300.00 300.00
Dividend Per Share(Rs) 3.00 3.00 3.00 3.00
Book Value(Adj)-Unit Curr 192.57 174.56 159.41 131.59
Tax Rate = 30% 0.70
Inventories 561.08 561.25 576.57 550.17
Sundry Debtors 490.07 442.96 554.90 472.12
Cash and Bank 94.83 120.24 119.77 91.13
Current Liabilities
Short Term Borrowings - - - -
Dividend Paid 0 0 0 -129.07

Market Price Per Share 723.75 672.65 399.85 277
RATIO ANALYSIS
2013-2014 2012-2013

2,601.81 2,435.13 TYPES 2017-2018 2016-2017
- - Net Working Capital 248.70 176.36
- - Current Ratio 1.21974 1.15715
2,625.62 2,458.93 Quick Ratio 0.72400 0.65703
2,060.65 1,650.32 Cash Ratio 0.08379 0.10714
673.51 1,259.85
2,734.16 2,910.17
5,756.30 5,793.40 TYPES 2017-2018 2016-2017
2,325.22 2,038.15 Interest Coverage Ratio 20.38366 18.84904
1.27 -
4,882.46 4,649.74
- -
- - TYPES 2017-2018 2016-2017
357.73 282.69 Gross Profit Margin 19.7203% 24.5286%
380.22 303.96 Return on Equity 11.2332% 13.7367%
62.86 45.40
153.73 184.05
TYPES 2017-2018 2016-2017
696.62 904.10 Fixed Asset Turnover Ratio 0.55036 0.51184
- - Total Asset Turnover Ratio 0.47180 0.43701
11.20 9.48
838.81 746.74
-827.61 -737.26
616.75 - Particulars 2017-2018 2016-2017
SOURCES OF FUNDS :
2013-2014 2012-2013
4,192.36 4,238.19
3,655.35 3,683.52 Net Block 86.99% 101.23%
-3.21 -19.80 Investments 4.17% 4.56%
229.29 221.83 Net Deferred Tax -13.92% -15.00%
304.01 324.53 Other Assets 5.02% 2.53%
1,000.22 1,020.40 Total Assets 100 100
16.66 31.60
- -
2,931.51 3,100.62
805.55 626.39
609.68 437.44 Particulars 2017-2018 2016-2017
251.24 306.43 Total Income 100 100
358.44 131.01 Total Expenditure 79.29% 74.38%
8.77 -4.37 Operating Profit 20.71% 25.62%
- - Interest 1.02% 1.36%
105.97 20.90 PBIT 19.69% 24.26%
246.13 114.55 Depreciation 5.80% 6.56%
0.14 -0.32 Profit Before Tax 13.89% 17.70%
245.99 114.87 Tax 3.59% 4.50%
-36.42 - Fringe Benefit tax 0.00% 0.00%
76.85 90.31 Deferred Tax 0.49% 0.67%
- - Reported Net PAT 9.88% 12.61%
206.13 128.01 Extraordinary Items 0.02% -0.02%
80.43 76.85 Adjusted PAT 9.86% 12.63%
35.75 23.83
- -
150.00 100.00
1.50 1.00
10.03 4.64
110.27 103.32 Particulars 2017-2018 2016-2017
Share Capital 0 0.0104998
Unsecured Loans 0 0
521.65 658.53
380.22 303.96
62.86 45.40
1,118.46 1,218.94 Net Block 116.13% 114.48%
- - Net Current Assets 27.51% 19.51%
421.84 314.84 Net Deferred Tax 117.22% 106.97%
-27.88 -27.88 Total Assets 107.15% 90.77%
202.3 241.6

Particulars 2017-2018 2016-2017
Total Income 138.69% 120.04%
Interest 27.80% 32.18%
PBIT 232.72% 248.13%
Tax -4241.65% -4601.83%
Deferred Tax 120.81% 143.97%
Adjusted PAT 443.68% 491.81%
VALUATION RATIOS
TYPES 2017-2018 2016-2017
Earnings Per Share 21.68 23.95
Book Value Per Share 192.57 174.56
Dividend Per Share 0.000 0.000
Dividend Payout Ratio 0.000 0.000
Dividend Yeild 0.000 0.000
Price Earning Ratio 33.387 28.090
Price (Book) Value Ratio 3.7584 3.853
Operating Expenses Ratio 0.7929 0.7438

Du- point analysi
RATIO ANALYSIS
ATIOS
2015-2016 2014-2015 2013-2014
322.42 382.28 696.62 The Net working capital has been fluctuating and has increased from
URE RATIOS
2015-2016 2014-2015 2013-2014
11.83988 6.25414 4.11268 The Interest Coverage ratio of the compnay has increased from 4.11 t
Y RATIOS
2015-2016 2014-2015 2013-2014
28.8038% 27.0308% 16.6791% The Gross Profit margin of the company has increased from 2013 to 2
8.7831% 8.4194% 6.0423% ROI of the company has been fluctuating in the 5 year span. A good R
17.4469% 17.4110% 9.3688% The ROE of the company has increased from 9.36% to 11.23% meanin
ATIOS
2015-2016 2014-2015 2013-2014
NSIVE RATIOS
BALANCE SHEET
2015-2016 2014-2015 2013-2014 2012-2013
0.45% 0.45% 0.41% 0.41%

71.85% 58.84% 45.20% 42.03%
11.27% 26.68% 35.80% 28.49%
0.00% 0.00% 0.00% 0.00%
0.32% 0.19% 6.89% 7.32%
100 100 100 100
99.26% 95.12% 84.82% 80.26%
2.29% 2.78% 4.56% 6.11%
4.01% 6.18% 6.21% 4.88%
6.14% 7.23% 12.10% 15.61%
0.00% 0.00% 0.00% 0.00%
18.80% 18.49% 1.34% 1.27%
16.93% 16.45% 14.57% 12.89%
-13.74% -13.41% -14.38% -12.73%
2.05% 2.09% 6.68% 5.87%
100 100 100 100
FIT & LOSS ACCOUNT

2015-2016 2014-2015 2013-2014 2012-2013
100 100 100 100
68.74% 68.40% 78.44% 83.19%
31.26% 31.60% 21.56% 16.81%
2.64% 5.05% 5.24% 5.07%
28.62% 26.55% 16.31% 11.74%
7.16% 8.37% 6.72% 8.22%
21.46% 18.18% 9.59% 3.52%
4.68% 2.92% 0.23% -0.12%
0.00% 0.00% 0.00% 0.00%
0.39% 0.69% 2.84% 0.56%
16.60% 14.95% 6.59% 3.07%
0.01% -0.01% 0.00% -0.01%
16.59% 14.96% 6.58% 3.08%
E BALANCE SHEET
2015-2016 2014-2015 2013-2014 2012-2013
0 0 -0.0004202 100
154.88% 127.69% 106.84% 100
35.86% 85.41% 124.86% 100
0 0 0 100
106.98% -286.47% 72.22% 100
90.61% 91.21% 99.36% 100
112.06% 108.10% 105.01% 100
33.99% 41.50% 74.25% 100
74.45% 115.58% 126.54% 100
35.66% 42.28% 77.05% 100
0 0 0 100
1762.66% 1694.62% 118.14% 100
119.00% 116.38% 112.33% 100
97.86% 96.08% 112.25% 100
31.56% 32.41% 112.95% 100
90.61% 91.21% 99.36% 100
OFIT & LOSS ACCOUNT

2015-2016 2014-2015 2013-2014 2012-2013
107.12% 97.86% 100.27% 100
88.50% 80.46% 94.55% 100
199.26% 183.98% 128.60% 100
55.79% 97.52% 103.66% 100
261.23% 221.33% 139.37% 100
93.28% 99.62% 81.99% 100
654.08% 506.01% 273.60% 100
-4279.41% -2440.50% -200.69% 100
0 0 0 100
75.07% 119.67% 507.03% 100
578.56% 475.98% 214.87% 100
0 0 0 100
576.47% 474.89% 214.15% 100
RATIOS
2015-2016 2014-2015 2013-2014
27.83 22.90 10.34
159.41 131.59 110.27
0.000 -5.421 -1.171
0.000 -0.237 -0.113
0.000 -0.020 -0.006
14.365 12.096 19.570
2.508 2.105 1.835
0.6874 0.6840 0.7844

Du- point analysis:
INTERPRETATION
ctuating and has increased from 176.36 to 248.70 in the last FY, meaning they are able to meet its short term
hows that initially the firm had more of debt than equity in first 2 years and then the company had more quity for the next 3 periods.
mpnay has increased from 4.11 to 20.38 meaning the firm is able to meet the interest expenses with much ease as compared to 5 yea
any has increased from 2013 to 2018 by 3% meaning they are able to cover the operating expenses of the Company with ease and pro
ting in the 5 year span. A good ROI is generally considered as 15% which the company has able to achieve it meaning the company 's i
ed from 9.36% to 11.23% meaning the company has been efficiently using its current equity to generate greater income.
he number of times inventory is replaced during a year.The ratio increased for the company from 4.96 to 7.30 meaning a higher ratio im
quickly debtors are converted into cash.The Company's ratio has been fluctuating and has actually increased from 10.68 to 11.06 mea
w well a company is using its fixed assets to generate sales.The ratio for the firm has increased from 0.48 to 0.55 in the span of 5 years
w well a company is using its total assets to generate revenue.The ratio for the firm has increased from 0.40 to 0.47 in the span of 5 ye
ION
f short term creditors.
ty for the next 3 periods.

d from 0.28 to 0.39.
ase as compared to 5 years ago.
mpany with ease and provide suffiecient return to the owners of the Company
meaning the company 's investment gains are favourable to its cost.
ter income.
0 meaning a higher ratio implies good inventory management.

d from 10.68 to 11.06 meaning they are able get debtors converted into cash 11 times a year.
hey are now able to pay 2.66 times a year to their creditors.
to 0.47 in the span of 5 years meaning they are efficiently using its Total assets to generate more revenues.
Current Ratio
3.00000
2.50000
2.00000
1.50000
1.00000
0.50000
0.00000
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014

0.90000
0.80000
0.60000
0.50000
0.40000
0.30000
0.20000
0.10000
0.00000
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014
10.0000%
9.0000%
8.0000%
7.0000%
ROI of the company has
6.0000%
5.0000%
4.0000%
3.0000%
2.0000%
1.0000%
0.0000%
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014
5.0000%
4.0000%
3.0000%
2.0000%
1.0000%
0.0000%
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014

8.00000
7.00000
6.00000
5.00000
4.00000
Inventory
3.00000
2.00000
1.00000
0.00000
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014
Inventory Turnover Ratio indicates the number of times inventory is replaced during a year.The ratio increased for the
on and greater is the safety of funds of short term creditors.
15% which the company has able to achieve it meaning the company 's investment gains are favourable to its cost.
ts cost.
gement.
Company: Ambuja Cement
Industry: Cement
Year 2018-2019 2017-2018 2016-2017 2015-2016
SOURCES OF FUNDS :
Share Capital + 309.17 309.95 310.38 397.13
Reserves Total + 9,152.72 9,760.02 9,961.02 19,423.79
Secured Loans + 13.66 10.74 10.62 15.73
Unsecured Loans + 34.62 23.29 24.38 13.23
Total Debt 48.28 34.03 35 28.96
Gross Block + 10,928.99 11,533.61 12,119.14 22,868.79
Net Block + 6,146.75 6,309.63 6,170.17 21,410.33
Investments + 1,713.54 2,096.60 2,148.83 174.8
Inventories + 936.41 889.97 897.76 2,163.51
Sundry Debtors + 235.13 231.65 290.46 924.07
Cash and Bank+ 2,344.98 2,462.28 2,853.32 4,564.01
Current Liabilities + 1,875.00 1,965.92 2,133.57 5,949.17
Provisions + 963.48 1,176.28 1,084.51 1,445.73
Total Current Liabilities 2,838.48 3,142.20 3,218.08 7,394.90
Net Current Assets 1,004.91 793.51 1,183.68 893.26
Deferred Tax Liability 694.52 723.47 732.86 1,564.59
Net Deferred Tax -563.88 -589.02 -565.6 -1,015.28
Other Assets+ 555.17 844.39 995.78 2,368.48
Total Assets 9,553.99 10,147.25 10,349.28 24,413.63
Contingent Liabilities+ 1,553.94 684.66 677.27 3,506.44
Company : Kovai Medical Center & Hospital Ltd

Industry : Hospitals / Medical Services
Year 2018-2019 2017-2018 2016-2017 2015-2016
INCOME :
Sales Turnover + 10,422.87 11,261.26 10,784.53 22,932.22
Excise Duty 1,217.24 1,261.59 1,303.19 2,838.45
Net Sales 9,205.63 9,999.67 9,481.34 20,093.77
Other Income + 400.03 424.33 353.22 479.16
Stock Adjustments + -118.29 -16.22 -25.4 13.17
Total Income 9,487.37 10,407.78 9,809.16 20,586.10
EXPENDITURE :
Raw Materials + 698.27 840.49 805.64 2,344.28
Power & Fuel Cost+ 2,066.31 2,268.64 2,057.51 3,994.26
Employee Cost + 508.47 586.33 594.05 1,370.07
Other Manufacturing Expenses + 1,421.41 924.67 831.33 1,653.76
Miscellaneous Expenses + 482.28 460.37 511.95 1,213.77
Interest + 66.75 65.55 92.47 152.99
Gross Profit 1,991.98 2,287.05 1,803.01 3,468.77
Depreciation+ 493.67 513.03 629.76 1,460.93
Profit Before Tax 1,498.31 1,774.02 1,173.25 2,007.84
Tax+ 189.25 262.37 333.89 678.4
Fringe Benefit Tax+ 0 0 0 0
Deferred Tax+ 30.62 25.14 31.48 -104.63
Net Profit 1,278.44 1,486.51 807.88 1,434.07
Profit/Loss of Associate Company 0 0 0 0
Net Profit after Minority Interest & P/L Asso.Co. 1,278.57 1,486.50 807.88 1,105.08
Extraordinary Items + 87.52 63.63 102.03 191.5
Adjusted Net Profit 1,191.05 1,422.87 705.85 913.58
Adjst. below Net Profit + 0 0 -108.91 -185.98
P & L Balance brought forward 1,048.09 1,525.77 1,941.15 -261.67
Appropriations + 800.89 1,071.12 522.99 -331.05
P & L Balance carried down 1,525.77 1,941.15 2,117.13 988.48
Dividend 556.34 774.61 434.53 317.7
Equity Dividend (%) 180 220 140 140
Dividend Per Share(Rs) 3.6 5 2.8 2.8
EPS before Minority Interest (Unit Curr.) 7.66 8.65 4.64 7.22
EPS before Minority Interest (Adj) (Unit Curr.) 7.66 8.65 4.64 7.22
EPS after Minority Interest (Unit Curr.) 7.66 8.65 4.64 5.57
EPS after Minority Interest (Adj) (Unit Curr.) 7.66 8.65 4.64 5.57
Book Value (Unit Curr.) 61.21 64.98 66.19 99.82
Book Value (Adj) (Unit Curr.) 61.21 64.98 66.19 99.82
Inventories 936.41 889.97 897.76 2,163.51
Sundry Debtors 235.13 231.65 290.46 924.07
Cash and Bank 2,344.98 2,462.28 2,853.32 4,564.01
Current Liabilities 0.09 4.33 5.52 4.83

Short Term Borrowings 26.65 26.11 29.44 11.24
Total Current Liabilities 137.1 113.38 107.9 105
RATIO ANALYSIS
2014-2015 2013-2014

20,275.07 21,973.35 TYPES 2017-2018 2016-2017
0 0 Current Ratio 1.35403103 1.2525333
20,672.20 22,370.48 Quick Ratio 1.250656 1.2524823
24.12 39.68 Cash Ratio 0.82613934 0.7836166
0 0
24.12 39.68
189.2 189.84
25,493.48 27,831.19 CAPITAL STRUCTURE RATIOS
TYPES 2017-2018 2016-2017
23,566.92 24,426.52 Debt Equity Ratio 0.00144369 0.0010665
0 0 Interest Coverage Ratio 30.842397 35.89016
20,898.22 20,635.94
0 0
667.2 1,008.17
0 0 PROFITABILITY RATIOS
153.07 133.23 TYPES 2017-2018 2016-2017
Gross Profit Margin 21.6387% 22.8713%
2,458.27 2,957.89 Net Profit Margin 13.8890% 14.8655%
931.53 1,304.54 Return on Investment 8.7982% 9.4060%
6,231.58 6,439.28 Return on Equity 13.5128% 14.7617%
1,473.18 1,719.78
11,094.56 12,421.49
ACTIVITY RATIOS
7,274.09 7,487.87 TYPES 2017-2018 2016-2017
1,603.23 906.39 Inventory Turnover Ratio 8.13482408 9.0116293
8,877.32 8,394.26 Debtor Turnover Ratio 39.443121 38.30484
2,217.24 4,027.23 Creditor Turnover Ratio 2.05772971 2.3608275
0 0 Fixed Asset Turnover Ratio 0.66557035 0.6894722
532.67 477.64 Total Asset Turnover Ratio 0.54330326 0.5589738
1,671.09 1,589.06
-1,138.42 -1,111.42
2,696.17 3,138.04
25,493.48 27,831.19 COMPREHENSIVE RATIOS
Particulars 2017-2018 2016-2017
SOURCES OF FUNDS :
2014-2015 2013-104 Total Liabilities 100 100
25,292.55 26,040.94
1,683.86 0
23,608.69 26,040.94 APPLICATION OF FUNDS :
335.38 383.97 Net Block 64.34% 62.18%
24,021.79 26,626.63 Investments 17.94% 20.66%
Net Current Assets 10.08% 11.59%
2,853.73 3,435.72 Miscellaneous Expenses not written off 0.00% 0.00%
1,782.73 1,901.36 Net Deferred Tax 3.42% 3.47%
7,593.48 8,636.95 Other Assets 5.81% 8.32%
1,135.93 1,332.78 Total Assets 100 100
0 0
19,828.83 22,383.65
4,192.96 4,242.98
205.78 170.5
3,987.18 4,072.48 COMMON SIZE PROFIT & LOSS ACCO
1,219.45 1,153.94 Particulars 2017-2018 2016-2017
2,767.73 2,918.54 Total Income 100 100
764.91 64.05 Total Expenditure 78.30% 77.40%
0 0 Operating Profit 21.70% 22.60%
57.94 -118.2 Interest 0.70% 0.63%
1,944.88 2,972.69 PBIT 21.00% 21.97%
0 0 Depreciation 5.20% 4.93%
1,516.36 2,177.40 Profit Before Tax 15.79% 17.05%
23.76 -102.1 Tax 15.79% 17.05%
1,492.60 2,279.50 Fringe Benefit tax 0.00% 0.00%
-109.1 -81.99 Deferred Tax 0.00% 0.00%
992.48 1,843.76 Reported Net PAT 13.48% 14.28%
0 0 Extraordinary Items 0.92% 0.61%
555.98 397.13 Adjusted PAT 12.55% 13.67%
1,843.76 3,542.04
317.7 0
0 0
180 75
3.6 1.5
9.79 14.97 Particulars 2017-2018 2016-2017
7.64 10.97 Share Capital 0.00251653 0.0013854
104.11 112.66 Reserves Total 41.65% 44.42%
104.11 112.66 Secured Loans 34.43% 27.07%
Unsecured Loans 0 0
Other Liabilities -46.73% 142.53%
2,458.27 2,957.89
931.53 1,304.54 APPLICATION OF FUNDS :
6,231.58 6,439.28 Net Block 29.79% 30.58%
1,473.18 1,719.78 Capital Work in Progress 69.18% 68.65%
11,094.56 12,421.49 Investments 1286.15% 1573.67%
Net Current Assets 24.95% 19.70%
3.45 3.35 Net Deferred Tax 27.35% 28.15%
33.22 28.95 Other Assets 43.71% 45.53%
69.3 57.9 Total Assets 50.74% 53.00%
COMMON BASE PROFIT & LOSS ACCO

Particulars 2017-2018 2016-2017
Interest 39.15% 38.45%
PBIT 48.91% 56.16%
Tax 295.47% 409.63%
Deferred Tax -25.91% -21.27%
Du- point analysi
RATIO ANALYSIS
RATIOS
2015-2016 2014-2015 2013-2014
719.75 -1385.16 -1042.51 The net working capital is incrasing for 3 years and then drastically
1.367821807 1.12079406 1.2497645686 The company has a healthy current ratio for the last 5 years meani
1.337345388 0.76716752 0.8566817293 the ideal ratio is 1:1 that is ideal and good in the initail years and th
0.886652911 0.61718346 0.7019663592 the company does not have satisfactory cash ratio.
URE RATIOS
2015-2016 2014-2015 2013-2014
0.001033939 0.00079361 0.0011667844 The Debt to equity of the company shows that initially the firm had
0.537704884 0.66377882 0.6418377146 Proprietary ratio of the company reveals that its long term debts in
20.49832378 23.6731813 20.375935465 The Interest Coverage ratio of the compnay has increased from 3.2
Y RATIOS
2015-2016 2014-2015 2013-2014
19.0164% 17.2629% 16.8886% The Gross Profit margin of the company has increased from 2013 t
8.5207% 5.4996% 6.4229% Net Profit Margin of the Company has been fluctutaing from perio
7.2621% 8.5206% 9.0898% ROI of the company has been has been fluctuating in the 5 year sp
7.8653% 5.5753% 7.3353% The ROE of the company decreased in the last year but for previos
RATIOS
2015-2016 2014-2015 2013-2014
5.17019407 7.34104176 7.3220990517 Inventory Turnover Ratio indicates the number of times inventory
15.6131837 21.6574369 21.11623518 The Debtor tunover ratio shows how quickly debtors are converted
1.616468865 2.22232966 1.7875137803 Creditors Turnover Ratio shows the number of times ,on average, t
0.494979642 0.83701686 0.9451961971 Fixed Asset Turnover Ratio shows how well a company is using its fi
0.394851827 0.64772551 0.7166513979 Total Asset Turnover Ratio shows how well a company is using its t
ENSIVE RATIOS
E BALANCE SHEET
2015-2016 2014-2015 2013-2014 2012-2013
3.00% 1.63% 1.56% 1.43%

96.25% 79.56% 79.53% 78.95%
0.10% 0.06% 0.09% 0.14%
0.00% 0.00% 0.00% 0.00%
0.41% 0.79% 0.74% 0.68%
100 100 100 100
59.62% 87.70% 81.97% 74.15%
4.02% 2.38% 2.62% 3.62%
20.76% 0.72% 0.60% 0.48%
10.48% 5.92% 6.29% 3.26%
0.00% 0.00% 0.00% 0.00%
22.82% 35.11% 31.88% 30.06%
7.08% 6.41% 6.55% 5.71%
3.48% 2.61% 5.78% 6.18%
9.62% 9.70% 10.58% 11.28%
100 100 100 100
OFIT & LOSS ACCOUNT

2015-2016 2014-2015 2013-2014 2012-2013
100 100 100 100
80.68% 82.41% 82.55% 84.06%
19.32% 17.59% 17.45% 15.94%
0.94% 0.74% 0.86% 0.64%
18.38% 16.85% 16.60% 15.29%
6.42% 7.10% 5.08% 4.33%
11.96% 9.75% 11.52% 10.96%
11.96% 9.75% 11.52% 10.96%
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
8.24% 6.97% 8.10% 11.16%
1.04% 0.93% 0.10% -0.38%
7.20% 4.44% 6.21% 8.56%
E BALANCE SHEET
2015-2016 2014-2015 2013-2014 2012-2013
0.218442324 0 0 100
45.33% 88.40% 92.27% 100
26.76% 39.64% 60.79% 100
0 0 0 100
142.16% 293.51% 289.20% 100
37.19% 87.72% 91.60% 100
29.90% 103.75% 101.27% 100
41.30% 57.73% 66.18% 100
1612.87% 131.20% 114.89% 100
29.39% 22.18% 55.06% 100
0 0 0 100
29.39% 22.18% 55.06% 100
46.12% 98.46% 105.16% 100
35.02% 115.01% 111.52% 100
46.12% 98.46% 105.16% 100
50.89% 91.35% 102.43% 100
OFIT & LOSS ACCOUNT

2015-2016 2014-2015 2013-2014 2012-2013
36.84% 77.31% 90.22% 100
35.35% 75.79% 88.59% 100
44.67% 85.36% 98.82% 100
54.23% 89.73% 120.69% 100
44.27% 85.18% 97.91% 100
54.57% 126.60% 105.68% 100
40.20% 68.80% 94.83% 100
521.30% 1059.17% 1194.24% 100
0 0 0 100
-26.63% 88.52% -49.02% 100
27.18% 48.24% 65.42% 100
0 0 0 100
37.10% 50.75% 69.64% 100
Du- point analysis:
INTERPRETATION
or 3 years and then drastically decreasing there after.

good in the initail years and then decreasing.
ory cash ratio.
mpnay has increased from 3.23 to 10.6 meaning the firm is able to meet the interest expenses with much ease as compared to 5 year
any has increased from 2013 to 2018 by 4% meaning they are able to cover the operating expenses of the Company with ease and pro
en fluctuating in the 5 year span. A good ROI is generally considered as 15% which the company has able to achieve it meaning the com
n the last year but for previos four years it was over 20% meaning the company has been efficiently using its current equity to generat
he number of times inventory is replaced during a year.The ratio increased for the company from 28.13 to 47.27 meaning a higher rati
quickly debtors are converted into cash.The Company's ratio has been fluctuating and has actually decreased from 58 to 46 meaning
w well a company is using its fixed assets to generate sales.The ratio for the firm has increased from 0.9 to 1.33 in the span of 5 years
w well a company is using its total assets to generate revenue.The ratio for the firm has increased from 0.7 to 1 in the span of 5 years
ION
f short term creditors.
for the next 3 periods.

d from 0.23 to 0.46.
se as compared to 5 years ago.
mpany with ease and provide suffiecient return to the owners of the Company
achieve it meaning the company 's investment gains are favourable to its cost.
current equity to generate greater income.
.27 meaning a higher ratio implies good inventory management.

d from 58 to 46 meaning they are now able get debtors converted into cash 46 times a year.
hey are now able to pay 6.52 times a year to their creditors.
33 in the span of 5 years meaning they are efficiently using its fixed assets to generate more sales.
o 1 in the span of 5 years meaning they are efficiently using its Total assets to generate more revenues.
Current Ratio
1.6
1.4
1.2 The company has a healt

1
0.8
0.6
0.4
0.2
0
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014

0.0016
0.0014

0.001
0.0008
0.0006
0.0004
0.0002
0
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014
10.0000%
9.0000%
8.0000%
7.0000%
ROI of the company has
6.0000%
5.0000%
4.0000%
3.0000%
2.0000%
1.0000%
0.0000%
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014
6.0000%
5.0000%
4.0000%
3.0000%
2.0000%
1.0000%
0.0000%
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014

10
9
8
7
6
5
Inventory
4
3
2
1
0
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014
Inventory Turnover Ratio indicates the number of times inventory is replaced during a year.The ratio increased for the
on and greater is the safety of funds of short term creditors.
15% which the company has able to achieve it meaning the company 's investment gains are favourable to its cost.
ts cost.
gement.
Company : India Cement Limited
Industry : Cement Industry - Major - South India
Year 2013-2014 2014-2015 2015-2016 2916-2017 2017-2018
SOURCES OF FUNDS :
Share Capital + 307.18 307.18 308.15 308.15 308.15
Reserves Total + 3363.76 3073.37 4742.08 4866.75 4960.93
Equity Share Warrants 0.000 0.000 0.000 0.000 0.000
Equity Application Money 0.000 0.000 0.000 0.000 0.000
Total Shareholders Funds 3670.94 3380.55 5050.23 5174.9 526.08
Secured Loans + 2632.75 2963 2270.84 2494.42 2802.3
Unsecured Loans + 865.69 538.97 1025.14 605.93 395.08
Total Debt 3498.44 3501.97 3295.98 3100.35 3197.38
Other Liabilities+ 264.44 163.93 269.71 224.43 216.19
Total Liabilities 7433.82 7046.45 8615.92 8499.68 8682.65
Gross Block + 8286.7 8010.7 7780.2 7828.5 7992.4
Less : Accumulated Depreciation + 3077.0 3412.0 292.5 568.7 846.0
Less:Impairment of Assets 0.000 0.000 0.000 0.000 0.000
Net Block + 5209.7 4598.8 7487.8 7259.9 7146.5
Lease Adjustment 0.000 0.000 0.000 0.000 0.000
Capital Work in Progress+ 112.4 98.5 98.8 134.3 175.7
Producing Properties 0.000 0.000 0.000 0.000 0.000
Investments + 442.2 439.6 357.4 357.9 358.4
Inventories + 602.2 676.1 626.4 773.6 694.7
Sundry Debtors + 461.7 516.0 560.5 523.0 645.3
Cash and Bank+ 7.190 7.180 35.720 37.980 53.540
Loans and Advances + 594.7 594.0 359.7 611.1 545.5
Current Liabilities + 1360.7 1302.5 1496.1 1762.2 1608.9
Provisions + 0.430 0.450 0.170 25.100 1.000
Total Current Liabilities 1361.2 1303.0 1496.3 1787.3 1609.9
Net Current Assets 304.6 490.2 86.0 158.4 329.2
Miscellaneous Expenses not written off + 0.000 0.000 0.000 0.000 0.000
Deferred Tax Assets 26.0 102.7 0.000 97.50 63.42
Deferred Tax Liability 362.8 440.5 579.3 760.2 716.5
Net Deferred Tax -336.75 -337.86 -579.31 -662.73 -653.09
Other Assets+ 1701.79 1757.28 1165.23 1252.05 1325.92
Total Assets 7433.82 7046.44 8615.91 8499.68 8682.65
Contingent Liabilities+ 1611.03 1638.66 1511.86 1352.33 1148.43
Company : India Cements Ltd
Year 2013-2014 2014-2015 2015-2016 2916-2017 2017-2018
INCOME :
Sales Turnover + 5749.42 5706.98 5534.75 5860.87 5432.27
Excise Duty 664.67 646.57 652.24 698.36 165.18
Net Sales 5084.75 5060.41 4882.51 5162.51 5267.09
Other Income + 24.29 22.45 24.69 19.29 24.5
Stock Adjustments + 24.97 -25.29 9.13 18.12 -28.36
Total Income 5134.01 5057.57 4916.33 5199.92 5263.23
EXPENDITURE :
Raw Materials + 807.56 835.88 864.69 939.6 952.58
Power & Fuel Cost+ 1371.05 1235.6 1043.47 1046.99 1225.97
Employee Cost + 377.01 347.91 359.16 364.56 394.03
Other Manufacturing Expenses + 210.05 180.25 189.31 199.46 199.12
Selling and Administration Expenses + 1712.06 1656.19 1542.98 1720.82 1727.63
Miscellaneous Expenses + 167.15 16.47 22.88 20.98 30.4
Less: Pre-operative Expenses Capitalised+ 0.000 0.000 0.000 0.000 0.000
Total Expenditure 4644.87 4272.3 4022.49 4292.4 4529.73
Operating Profit 489.15 785.25 893.85 907.53 733.5
Interest + 410.73 478.05 439.59 379.97 364.76
Gross Profit 78.42 307.2 454.26 527.56 368.74
Depreciation+ 319.66 302.85 290.53 276.01 279
Profit Before Tax -241.24 4.35 163.73 251.55 89.74
Tax+ 0.41 4.43 39.47 7.68 24.41
Fringe Benefit tax+ 0.000 0.000 0.000 0.000 0.000
Deferred Tax+ 0.800 1.110 7.950 86.320 -5.170
Reported Net Profit -243.38 -3.31 116.69 166.08 65.06
Extraordinary Items + -154.92 -2.98 -2.13 0.83 -4.64
Adjusted Net Profit -88.46 -0.33 118.82 165.25 69.7
Adjst. below Net Profit + 2.52 -231.79 -2.25 -9.26 -0.62
P & L Balance brought forward 1073.46 820.52 550.07 623.69 689.74
Statutory Appropriations 0.000 0.000 0.000 0.000 0.000
Appropriations + 12.080 4.700 40.830 90.770 69.690
P & L Balance carried down 820.52 580.71 623.69 689.74 684.49
Dividend 0.000 0.000 0.000 0.000 0.000
Preference Dividend 0.000 0.000 0.000 0.000 0.000
Equity Dividend % 0.000 0.000 10.000 10.000 8.000
Dividend Per Share(Rs) 0.000 0.000 1.000 1.000 0.800
Earnings Per Share-Unit Curr 0.000 0.000 3.770 5.110 2.290
Earnings Per Share(Adj)-Unit Curr 0.000 0.000 3.770 5.110 2.290
Book Value-Unit Curr 107.85 100.17 163.89 167.93 170.99
Book Value(Adj)-Unit Curr 107.85 100.17 163.89 167.93 170.99
Tax Rate = 30% 0.7
Inventories 602.15 676.07 626.41 773.63 694.65
Sundry Debtors 461.73 515.99 560.47 523.02 645.34
Cash and Bank 7.19 7.18 35.72 37.98 53.54
Loans and Advances 594.66 593.96 359.74 611.05 545.54
Current Liabilities
Short Term Borrowings 60.6 115.44 189.94 710.02 349.22
Sundry Creditors 1013.61 899.85 959.55 748.31 959.7
Other Current Liabilities 284.77 286.53 321.53 328.62 300.37
Short Term Provisions 2.18 1.18 25.28 0.34 0.57
Total Current Liabilities 1361.16 1303 1496.3 1787.29 1609.86
Dividend Paid -72.01 1 -0.3 -35.01 -35.14

Market Price Per Share 63.4 86.15 86.25 160.35 153.4
RATIO ANALYSIS
2018-2019
321.43 LIQUIDITY RATIOS

4936.08 TYPES 2013-2014 2014-2015
0.000 Net Working Capital 304.560 490.190
0.000 Current Ratio 1.2238 1.3762
5257.51 Quick Ratio 0.7814 0.8573
3039.01 Cash Ratio 0.0053 0.0055
402.39
3441.4
223.71 CAPITAL STRUCTURE RATIOS
8922.62 TYPES 2013-2014 2014-2015
8133.1 Proprietary Ratio 0.2973 0.2938
1061.5 Interest Coverage Ratio 1.1909 1.6426
0.000
7071.6
0.000
195.7 PROFITABILITY RATIOS
0.000 TYPES 2013-2014 2014-2015
371.1 Gross Profit Margin 1.5423% 6.0707%
Net Profit Margin -1.7397% -0.0065%
846.8 Return on Investment 2.7856% 4.5430%
745.6 Return on Equity -2.4097% -0.0098%
48.720
688.2
2329.2 ACTIVITY RATIOS
TYPES 2013-2014 2014-2015
1744.8 Inventory Turnover Ratio 7.2677 6.5603
2.000 Debtor Turnover Ratio 10.4012 9.4019
1746.8 Creditor Turnover Ratio 0.8441 0.8991
582.4 Fixed Asset Turnover Ratio 0.5820 0.6030
0.000 Total Asset Turnover Ratio 0.4169 0.4384
62.19
690.2
-628.01
1329.77 COMPREHENSIVE RATIOS
8922.61 COMMON SIZE BALANCE SHEET
1298.47 Particulars 2017-2018 2016-2017
SOURCES OF FUNDS :
2018-2019
5770.37
0 APPLICATION OF FUNDS :
5770.37 Net Block 70.08% 65.26%
39.23 Capital Work in Progress 2.63% 1.40%
21.58 Investments 5.95% 6.24%
5831.18 Net Current Assets 4.10% 6.96%
1099.69 Deferred Tax Assets 7.17% 23.31%
1688.24 Deferred Tax Liability 4.88% 6.25%
358.55 Net Deferred Tax -4.53% -4.79%
164.22 Other Assets 22.89% 24.94%
1835.62 Total Assets 100 100
19.95
0.000
5166.27
664.92
350.42 COMMON SIZE PROFIT & LOSS ACCOUNT
314.5 Particulars 2017-2018 2016-2017
264.74 Total Income 100 100
49.76 Total Expenditure 90.47% 84.47%
48.27 Operating Profit 9.53% 15.53%
0.000 Interest 8.00% 9.45%
-23.780 PBIT 1.53% 6.07%
21.06 Depreciation 6.23% 5.99%
1.13 Profit Before Tax -4.70% 0.09%
19.93 Tax 0.01% 0.09%
-21.16 Fringe Benefit tax 0.00% 0.00%
684.49 Deferred Tax 0.02% 0.02%
0.000 Reported Net PAT -4.74% -0.07%
23.160 Extraordinary Items -3.02% -0.06%
661.24 Adjusted PAT -1.72% -0.01%
0.000
0.000
8.000
0.800
0.820
0.820 COMMON BASE BALANCE SHEET
169.28 Particulars 2017-2018 2016-2017
Share Capital 0.0000 0.0031
Reserves Total 0.6815 0.6226
Secured Loans 0.8663 0.9750
Unsecured Loans 0.0000 0.0000
Other Liabilities 2.0051 -0.0578
Total Liabilities 0.8331 0.7897
846.76
745.55
48.72
688.19 APPLICATION OF FUNDS :
2329.22 Net Block 73.67% 65.03%
423.54 Net Current Assets 52.29% 84.16%
1028.09 Miscellaneous Expenses not written off 0.00% 0.00%
294.56 Deferred Tax Assets 41.81% 200.00%
0.61 Deferred Tax Liability 52.56% 63.83%
1746.8 Net Deferred Tax 53.62% 53.80%
Other Assets 127.98% 132.15%
-31.99 Total Assets 83.31% 78.97%
108.3
COMMON BASE PROFIT & LOSS ACCOUNT

Particulars 2017-2018 2016-2017
Interest 117.21% 136.42%
PBIT 24.93% 97.68%
Profit Before Tax -484.81% 8.74%
Tax 0.85% 9.18%
Fringe Benefit tax 0.00% 0.00%
Deferred Tax -3.36% -4.67%
Reported Net PAT -1155.65% -15.72%
Extraordinary Items 0.00% 0.00%
Adjusted PAT -443.85% -1.66%
VALUATION RATIOS
TYPES 2013-2014 2014-2015
Earnings Per Share -0.79 -0.01
Book Value Per Share 11.95 11.01
Dividend Per Share -0.234 0.003
Dividend Payout Ratio 0.296 -0.302
Dividend Yeild -0.004 0.000
Price Earning Ratio -80.020 -7995.032
Price (Book) Value Ratio 0.5879 0.8600
Operating Expenses Ratio 0.9047 0.8447

Du- point analysis:
RATIO ANALYSIS
RATIOS
2015-2016 2916-2017 2017-2018
86.030 158.390 329.210 The Net Working Capital is fluctuating year by year, 2015-20
1.0575 1.0886 1.2045 The company has a healthy current ratio for the last 5 years
0.6389 0.6558 0.7730 The ideal ratio is 1:1. The company in all the five years have
0.0239 0.0213 0.0333 The company has a satisfactory ratio of over 1 in the 5 year
TURE RATIOS
2015-2016 2916-2017 2017-2018
0.4497 0.4820 5.3268 The Debt to equity of the company shows that initially the fi
0.4562 0.4464 0.0446 Proprietary ratio of the company reveals that its long term d
2.0334 2.3884 2.0109 The Interest Coverage ratio of the compnay has increased f
TY RATIOS
2015-2016 2916-2017 2017-2018
9.3038% 10.2191% 7.0008% The Gross Profit margin of the company has increased from
2.4336% 3.2010% 1.3233% Net Profit Margin of the Company has been fluctutaing from
5.6964% 5.5153% 4.3544% ROI of the company has been has been fluctuating in the 5
2.3528% 3.1933% 13.2489% The ROE of the company decreased in the last year but for p
RATIOS
2015-2016 2916-2017 2017-2018
5.7463 5.8468 5.8774 Inventory Turnover Ratio indicates the number of times inv
9.0126 8.8372 7.5737 The Debtor tunover ratio shows how quickly debtors are co
1.0126 1.1002 0.9584 Creditors Turnover Ratio shows the number of times ,on av
0.5898 0.6129 0.6115 Fixed Asset Turnover Ratio shows how well a company is us
0.4340 0.4429 0.4362 Total Asset Turnover Ratio shows how well a company is us
HENSIVE RATIOS
ZE BALANCE SHEET
2015-2016 2014-2015 2013-2014 2012-2013
3.58% 3.63% 3.55% 3.60%

55.04% 57.26% 57.14% 55.32%
26.36% 29.35% 32.27% 34.06%
0.00% 0.00% 0.00% 0.00%
3.13% 2.64% 2.49% 2.51%
100 100 100 100
86.91% 85.41% 82.31% 79.25%

1.15% 1.58% 2.02% 2.19%
4.15% 4.21% 4.13% 4.16%
1.00% 1.86% 3.79% 6.53%
0.00% 0.00% 0.00% 0.00%
0.00% 12.83% 8.85% 9.01%
6.72% 8.94% 8.25% 7.74%
-6.72% -7.80% -7.52% -7.04%
13.52% 14.73% 15.27% 14.90%
100 100 100 100
ROFIT & LOSS ACCOUNT

2015-2016 2014-2015 2013-2014 2012-2013
100 100 100 100
81.82% 82.55% 86.06% 88.60%
18.18% 17.45% 13.94% 11.40%
8.94% 7.31% 6.93% 6.01%
9.24% 10.15% 7.01% 5.39%
5.91% 5.31% 5.30% 4.54%
3.33% 4.84% 1.71% 0.85%
0.80% 0.15% 0.46% 0.83%
0.00% 0.00% 0.00% 0.00%
0.16% 1.66% -0.10% -0.41%
2.37% 3.19% 1.24% 0.36%
-0.04% 0.02% -0.09% 0.02%
2.42% 3.18% 1.32% 0.34%
SE BALANCE SHEET
2015-2016 2014-2015 2013-2014 2012-2013
0.0000 0.0000 0.0413 100

0.9607 0.9860 1.0050 100
0.7472 0.8208 0.9221 100
0.0000 0.0000 0.0000 100
1.4528 1.0824 0.9248 100
0.9656 0.9526 0.9731 100
105.89% 102.66% 101.06% 100

50.46% 68.59% 89.78% 100
96.31% 96.43% 96.58% 100
14.77% 27.19% 56.53% 100
0.00% 0.00% 0.00% 100
0.00% 156.78% 101.98% 100
83.93% 110.15% 103.81% 100
92.25% 105.53% 103.99% 100
87.63% 94.16% 99.71% 100
96.56% 95.26% 97.31% 100
ROFIT & LOSS ACCOUNT

2015-2016 2014-2015 2013-2014 2012-2013
84.31% 89.17% 90.26% 100
77.86% 83.09% 87.68% 100
134.43% 136.49% 110.31% 100
125.45% 108.43% 104.09% 100
144.44% 167.75% 117.25% 100
109.74% 104.26% 105.39% 100
329.04% 505.53% 180.35% 100
81.77% 15.91% 50.57% 100
0.00% 0.00% 0.00% 100
-33.43% -362.99% 21.74% 100
554.08% 788.60% 308.93% 100
0.00% 0.00% 0.00% 100
596.19% 829.15% 349.72% 100
N RATIOS
2015-2016 2916-2017 2017-2018
0.38 0.54 0.21
16.39 16.79 1.71
-0.001 -0.114 -0.114
-0.003 -0.211 -0.540
0.000 -0.001 -0.001
227.765 297.518 726.563
0.5263 0.9549 0.8971
0.8182 0.8255 0.8606

point analysis:
INTERPRETATION
s fluctuating year by year, 2015-2016 shows decrease in Net Working Capital and afterwards in 2017 it got increased aga
y current ratio for the last 5 years meaning they are able to meet current obligation and greater is the safety of funds of short term credit
company in all the five years have a healthy ratio meaning the firm is in a good liquidity postion.
actory ratio of over 1 in the 5 years meaning they are able to cover the current liabilities with ease.
company shows that initially the firm had more of debt than quity in first 2 years and then the company had more quity for the next 3 per
mpany reveals that its long term debts in the total capital of the company has been increasing and its ratio has increased from 0.23 to 0.4
o of the compnay has increased from 3.23 to 10.6 meaning the firm is able to meet the interest expenses with much ease as compared to
the company has increased from 2013 to 2018 by 4% meaning they are able to cover the operating expenses of the Company with ease a
ompany has been fluctutaing from period 2013-2014 to 2017-2018.The company has a decent Net Profit Margin which ensure an adequa
een has been fluctuating in the 5 year span. A good ROI is generally considered as 15% which the company has able to achieve it meaning
decreased in the last year but for previos four years it was over 20% meaning the company has been efficiently using its current equity to
indicates the number of times inventory is replaced during a year.The ratio increased for the company from 28.13 to 47.27 meaning a high
shows how quickly debtors are converted into cash.The Company's ratio has been fluctuating and has actually decreased from 58 to 46 m
hows the number of times ,on average, the creditors are paid during a period.The ratio for the period is 6.52 meaning they are now able t
o shows how well a company is using its fixed assets to generate sales.The ratio for the firm has increased from 0.9 to 1.33 in the span of 5
o shows how well a company is using its total assets to generate revenue.The ratio for the firm has increased from 0.7 to 1 in the span of 5
PRETATION
y of funds of short term creditors.
more quity for the next 3 periods.

has increased from 0.23 to 0.46.
th much ease as compared to 5 years ago.
es of the Company with ease and provide suffiecient return to the owners of the Company
argin which ensure an adequate return to the owners as well as for the firm in case of an Adverse Situation.
has able to achieve it meaning the company 's investment gains are favourable to its cost.
tly using its current equity to generate greater income.
28.13 to 47.27 meaning a higher ratio implies good inventory management.

ly decreased from 58 to 46 meaning they are now able get debtors converted into cash 46 times a year.
2 meaning they are now able to pay 6.52 times a year to their creditors.
om 0.9 to 1.33 in the span of 5 years meaning they are efficiently using its fixed assets to generate more sales.
d from 0.7 to 1 in the span of 5 years meaning they are efficiently using its Total assets to generate more revenues.
Current Ratio
1.6
1.4
1.2
0.8
0.6
0.4
0.2
0
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014

6
1
s.
enues. 0
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014
0.06
0.05
0.04
0.03
0.02
0.05
0.04
0.03
0.02
0.01
0
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014

8
0
2017-2018 2016-2017 2015-2016 2014-2015 2013-2014
The company has a healthy current ratio for the last 5 years meaning they are able to meet current obligation and greater is t
The Debt to equity of the company shows that initially the firm had more of debt than quity in first 2 years and then the comp
ROI of the company has been has been fluctuating in the 5 year span. A good ROI is generally considered as 15% which the co
Inventory Turnover Ratio indicates the number of times inventory is replaced during a year.The ratio increased f
ent obligation and greater is the safety of funds of short term creditors.
rst 2 years and then the company had more quity for the next 3 periods.
nsidered as 15% which the company has able to achieve it meaning the company 's investment gains are favourable to its cost.
ng a year.The ratio increased for the company from 28.13 to 47.27 meaning a higher ratio implies good inventory management.
vourable to its cost.
ntory management.
UltraTech vs ACC
UltraTech ACC
LIQUIDITY RATIOS 2018-19 2018-19
Net Working Capital 648.8 1978.280 The NWC of ACC is more than UltraTech which means that ACC
Current Ratio 1.06765472 1.420 ACC has a better current ratio as it is closest to the industry aver
Quick Ratio 0.69381128 1.064 ACC has a better quick ratio as it is closest to the industry averag
Cash Ratio 0.07374135 0.658 ACC has a better cash ratio as compared to its competitors
CAPITAL STRUCTURE RATIOS 2018-19 2018-19
Debt Equity Ratio 0.57183094 0.00 The ideal Debt-Equity ratio as per the industry standards is not l
sufficiently using their shareholder's fund to meet their obligatio
taking debt as an opportunity. But, comparing with the industry
Proprietary Ratio 0.40671842 0.60 ACC has more long term debts in the total capital of the compan
Interest Coverage Ratio 4.66671833 25.08 ACC is able to meet the interest expenses with much ease as com
PROFITABILITY RATIOS 2018-19 2018-19
Gross Profit Margin 0.15190721 0.1427769 UltraTech is able to cover the operating expenses with ease and
Net Profit Margin 0.06283361 0.1026807 ACC ensures an adequate return to the owners as well as for the
Return on Investment 0.07129957 0.0861005 ACC has able to achieve it meaning the company 's investment g
Return on Equity 0.08273184 0.1443082 ACC has been efficiently using its current equity to generate gre
ACTIVITY RATIOS 2018-19 2018-19
Inventory Turnover Ratio 8.96333416 8.3513425 UltraTech has a higher ratio which implies it has good inventory
Debtor Turnover Ratio 15.7317879 19.306377 ACC is better as it is able get debtors converted into cash 19 tim
Creditor Turnover Ratio 1.17505802 1.3141337 ACC is better as it is able to pay the creditors 1.34 times a year w
Fixed Asset Turnover Ratio 0.69448545 1.6158939 ACC is efficiently using its fixed assets to generate more sales.
Total Asset Turnover Ratio 0.56439426 0.8710035 ACC is efficiently using its Total assets to generate more revenue
raTech vs ACC
UltraTech which means that ACC is able to meat its WC requirements efficiently than UltraTech
s it is closest to the industry average i.e. 2:1 as compared to UltraTech
t is closest to the industry average i.e. 1:1 as compared to Ultratech
ompared to its competitors
er the industry standards is not lower than 0.5 to 1. In this case, ACC has 0 debt which means they are
der's fund to meet their obligations, which is good. It is still not realising the extra profit they might earn by
But, comparing with the industry, UltraTech is better.
n the total capital of the company

expenses with much ease as compared to UltraTech
perating expenses with ease and provide sufficient return to the owners of the company
n to the owners as well as for the firm in case of an adverse situation as compared to UltraTech
ning the company 's investment gains are favourable to its cost as it near to 15%
ts current equity to generate greater income
ich implies it has good inventory management as compared to ACC

btors converted into cash 19 times a year which is more than UltraTech
the creditors 1.34 times a year which is more than UltraTech
assets to generate more sales.
assets to generate more revenues
Shree vs JK Ceme
Shree JK
LIQUIDITY RATIOS 2018-19 2018-19
Net Working Capital 3053.53 598.51 The NWC of Shree is more than JK which means that Shre
Current Ratio 2.869947 1.559172 JK has a better current ratio as it is closest to the industry
Quick Ratio 1.72459 0.96446 JK has a better quick ratio as it is closest to the industry a
Cash Ratio 0.269016 0.477918 JK has a better cash ratio as compared to its competitors
CAPITAL STRUCTURE RATIOS 2018-19 2018-19
Debt Equity Ratio 0.29627 1.091214 The ideal Debt-Equity ratio as per the industry standards
more debt to meet their obligations, which is fine. Shree
Proprietary Ratio 0.495649 0.295468 Shree has long term debts in the total capital of the comp
Interest Coverage Ratio 11.56607 3.503523 Shree is able to meet the interest expenses with much ea
PROFITABILITY RATIOS 2018-19 2018-19
Gross Profit Margin 0.23186 0.124313 Shree is able to cover the operating expenses with ease a
Net Profit Margin 0.137633 0.050634 Shree ensures an adequate return to the owners as well
Return on Investment 0.05414 0.069984 JK has able to achieve it meaning the company 's investm
Return on Equity 0.083788 0.098803 JK has been efficiently using its current equity to generat
ACTIVITY RATIOS 2018-19 2018-19
Inventory Turnover Ratio 2.671695 7.195147 JK has a higher ratio which implies it has good inventory m
Debtor Turnover Ratio 7.939944 21.18556 JK is better as it is able get debtors converted into cash 1
Creditor Turnover Ratio 0.6904 2.489218 JK is better as it is able to pay the creditors 1.34 times a y
Fixed Asset Turnover Ratio 0.429029 0.783351 JK is efficiently using its fixed assets to generate more sal
Total Asset Turnover Ratio 0.319038 0.615174 JK is efficiently using its Total assets to generate more rev
ee vs JK Cement
JK which means that Shree is able to meat its WC requirements efficiently than JK
t is closest to the industry average i.e. 2:1 as compared to Shree which is more
s closest to the industry average i.e. 1:1 as compared to Shree
mpared to its competitors
er the industry standards is not lower than 0.5 to 1. In this case, JK is close to be better as it is using a litte
tions, which is fine. Shree in this case is using less debt as compared to JK..
e total capital of the company

st expenses with much ease as compared to UltraTech
ting expenses with ease and provide sufficient return to the owners of the company
urn to the owners as well as for the firm in case of an adverse situation as compared to UltraTech
g the company 's investment gains are favourable to its cost as it near to 15%
current equity to generate greater income
ies it has good inventory management as compared to Shree

ors converted into cash 19 times a year which is more than UltraTech
he creditors 1.34 times a year which is more than UltraTech
sets to generate more sales.
sets to generate more revenues
Ratios Comparision
Particulars Ultratech JK ACC Shree Dalmia Ramco Ambuja
Liquidity Ratios 2019 2019 2019 2019 2019 2019 2019
Net Working Capital 648.8 598.51 1978.28 3053.53 655 248.7 469.98
Current Ratio 1.067655 1.559172 1.42036 2.869947 1.269104 1.219737 1.354031
Quick Ratio 0.693811 0.96446 1.06351 1.72459 0.845111 0.724 1.250656
Cash Ratio 0.073741 0.477918 0.658069 0.269016 0.192687 0.083786 0.826139
Capital structure Ratios
Debt Equity Ratio 0.571831 1.091214 0 0.29627 0.466867 0.159634 0.001444
Proprietary Ratio 0.406718 0.295468 0.596364 0.495649 0.432916 0.397943 0.576646
Interest Coverage Ratio 4.666718 3.503523 25.07804 11.56607 3.967332 20.38366 30.8424
Profitability Ratios
Gross Profit Margin 15% 12% 14% 23% 17% 20% 22%
Net Profit Margin 6% 5% 10% 14% 2% 10% 14%
Return on Investment 7% 7% 9% 5% 6% 6% 9%
Return on Equity 8% 10% 14% 8% 2% 11% 14%
Turnover Ratios
Inventory Turnover Ratio 8.963334 7.195147 8.351343 2.671695 11.12156 7.303467 8.134824
Debtor Turnover Ratio 15.73179 21.18556 19.30638 7.939944 20.79939 11.06575 39.44312
Creditor Turnover Ratio 1.175058 2.489218 1.314134 0.6904 7.17882 2.669341 2.05773
Fixed Asset Turnover Ratio 0.694485 0.783351 1.615894 0.429029 0.618817 0.550365 0.66557
Total Asset Turnover Ratio 0.564394 0.615174 0.871003 0.319038 0.504775 0.471802 0.543303
Valuation Ratios
EPS 89.48 45.28 80.23 273 5.25 21 7.49
Book Value per Share 1017.59 374.38 560.99 2,793.69 388.72 189.31 105.82
Dividend Per share 11.5 10 14 60 2 3 1.5
Dividend payout Ratio 6.45 13.46 18.69 19.03 32.67 16.85 26.7
Dividned yield 0.26 0.72 0.24 0.24 0.23 0.38 0.73
Indian Cement Industry Ratios
2019 2019
329.21 579.85
1.20449604313 0.55
0.77299889431 0.65
0.03325755035 0.68
5.32675638686 0.55
0.04460039965 0.65
2.01091128413 3.55
7% 35%
1% 23%
4% 7%
13% 8%
5.87738499166 8.16
7.57369741676 16.09
0.95843122261 2.30558
0.61151052826 0.89
0.43618944062 0.77
0.21
1.71
-0.114
-0.54 15.32
-0.001

Group 7-Ratio Analysis

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Group 7-Ratio Analysis

Uploaded by

Copyright:

Available Formats

Company : UltraTech Cement Ltd

Company : UltraTech Cement Ltd

274.4 274.24 LIQUIDITY RATIOS

COMMON BASE PROFIT & LOSS ACCO

0.83% 0.84% 0.94% 1.11%

OFIT & LOSS ACCOUNT

-0.00029151 -0.00010933 -0.00058343 100

OFIT & LOSS ACCOUNT

ease and provide suffiecient return to the owners of the Company

Inventory Turnover Ratio

enerate more revenues.

ng the company 's investment gains are favourable to its cost.

69.93 LIQUIDITY RATIOS

3,216.02 APPLICATION OF FUNDS :

COMMON BASE PROFIT & LOSS ACCOUNT

1.36% 1.40% 1.50%

82.82% 81.58% 49.98%

182.80% 175.07% 100

g the company cannot easily earn its short term obligations..

d provide suffiecient return to the owners of the Company

atio implies good inventory management.

Debt to Equity Ratio

Inventory Turnover Ratio

he company had more quity for the next 3 periods.

Company : ACC Ltd

Current Liabilities 4496.43 4273.05 3509.45 3146.56

187.95 187.95 LIQUIDITY RATIOS

COMMON BASE PROFIT & LOSS ACCOU

2.10% 2.20% 2.25% 2.36%

FIT & LOSS ACCOUNT

OFIT & LOSS ACCOUNT

of short term creditors.

ed from 0.45 to 0.62

th ease and provide suffiecient return to the owners of the Company

35 meaning a lower ratio implies bad inventory management.

Debt to Equity Ratio

Inventory Turnover Ratio

Company : Shree Cement Ltd

34.84 34.84 LIQUIDITY RATIOS

COMMON BASE PROFIT & LOSS ACCOU

0.35% 0.40% 0.49% 0.48%

FIT & LOSS ACCOUNT

OFIT & LOSS ACCOUNT

short term creditors.

for the next 3 periods.

of the Company Debt to Equity Ratio

gn for the company. 0.05

Inventory Turnover Ratio

Year 2018-19 2017-18 2016-17 2015-16

Company : Dalmia bharat Ltd

252.92 252.92 LIQUIDITY RATIOS

COMMON BASE PROFIT & LOSS ACCOU

2.62% 3.19% 3.24% 4.22%

FIT & LOSS ACCOUNT

OFIT & LOSS ACCOUNT

235.53% 211.37% 117.51% 100

of short term creditors.

y for the next 3 periods.

Debt to Equity Ratio

1.2 The Debt to equity of the

10.0000% ROI of the company has b

Inventory Turnover Ratio