FA ASSIGNM

NAME- LAXMI JOSHI

ROLL NO. - CB.BU.P2MBA20158
COMPANY CHOSEN- RELIANCE INDUST
Obtain the annual reports of chosen company for five years.
Required :
1. Analyze the financial statements and other information using the techniqu
report setting out your findings.
2. Recommend a buy, sell or hold the stocks.
IGNMENT
58
E INDUSTRIES LIMITED
rs.

using the techniques used in this chapter and prepare a

 HORIZONTAL ANALYSI

Mar 20 19-Mar 18-Mar 17-Mar

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS
Equity Share Capital 6,339.00 5,926.00 5,922.00 2,959.00
Total Share Capital 6,339.00 5,926.00 5,922.00 2,959.00
Revaluation Reserves 0 0 0 870
Reserves and Surplus 446,992.00 381,186.00 287,569.00 259,876.00

Total Reserves and Surplus 446,992.00 381,186.00 287,569.00 260,746.00

Total Shareholders Funds 453,331.00 387,112.00 293,491.00 263,705.00

Equity Share Application
0 0 15 4
Money
Minority Interest 8,016.00 8,280.00 3,539.00 2,917.00
NON-CURRENT LIABILITIES
Long Term Borrowings 197,631.00 207,506.00 144,175.00 152,148.00

Deferred Tax Liabilities [Net] 54,123.00 49,923.00 29,618.00 26,735.00

Other Long Term Liabilities 38,108.00 29,407.00 28,752.00 29,162.00

Long Term Provisions 1,790.00 2,856.00 2,906.00 2,353.00

Total Non-Current Liabilities 291,652.00 289,692.00 205,451.00 210,398.00

CURRENT LIABILITIES
Short Term Borrowings 93,786.00 64,436.00 37,429.00 31,528.00
Trade Payables 96,799.00 108,309.00 106,861.00 76,595.00
Other Current Liabilities 220,441.00 143,251.00 168,330.00 125,423.00
Short Term Provisions 1,890.00 1,326.00 1,232.00 1,769.00
Total Current Liabilities 412,916.00 317,322.00 313,852.00 235,315.00
Total Capital And Liabilities 1,165,915.00 1,002,406.00 816,348.00 712,339.00
ASSETS
NON-CURRENT ASSETS
Tangible Assets 435,920.00 302,115.00 316,031.00 170,483.00
Intangible Assets 86,479.00 84,262.00 82,041.00 23,151.00
Capital Work-In-Progress 59,096.00 150,178.00 166,220.00 250,377.00
Intangible Assets Under
50,010.00 29,285.00 20,802.00 74,460.00
Development
Fixed Assets 631,505.00 565,840.00 585,094.00 518,471.00
Non-Current Investments 203,852.00 164,612.00 25,259.00 25,639.00
Deferred Tax Assets [Net] 2,900.00 4,776.00 5,075.00 5,537.00
Long Term Loans And
21,732.00 5,452.00 2,668.00 2,708.00
Advances
Other Non-Current Assets 37,407.00 17,676.00 8,653.00 8,279.00
Total Non-Current Assets 907,655.00 770,353.00 632,562.00 565,526.00
 CURRENT ASSETS
Current Investments 72,915.00 71,023.00 57,603.00 57,260.00
Inventories 73,903.00 67,561.00 60,837.00 48,951.00
Trade Receivables 19,656.00 30,089.00 17,555.00 8,177.00

Cash And Cash Equivalents 30,920.00 11,081.00 4,255.00 3,023.00

Short Term Loans And

669 545 2,327.00 996
Advances
OtherCurrentAssets 60,197.00 51,754.00 41,209.00 28,406.00
Total Current Assets 258,260.00 232,053.00 183,786.00 146,813.00
Total Assets 1,165,915.00 1,002,406.00 816,348.00 712,339.00
ONTAL ANALYSIS
2020 2019 2018 2017
16-Mar CHANGE % CHANGE % CHANGE % CHANGE %

2,948.00 6.97 0.07 100.14 0.37

2,948.00 6.97 0.07 100.14 0.37
835 -100.00 4.19
227,765.00 17.26 32.55 10.66 14.10
228,600.00 17.26 32.55 10.29 14.06
231,548.00 17.11 31.90 11.30 13.89
8 -100.00 275.00 -50.00
3,356.00 -3.19 133.96 21.32 -13.08

141,647.00 -4.76 43.93 -5.24 7.41

20,494.00 8.41 68.56 10.78 30.45
15,559.00 29.59 2.28 -1.41 87.43
1,231.00 -37.32 -1.72 23.50 91.15
178,931.00 0.68 41.00 -2.35 17.59

23,545.00 45.55 72.16 18.72 33.91

60,296.00 -10.63 1.36 39.51 27.03
99,538.00 53.88 -14.90 34.21 26.01
1,775.00 42.53 7.63 -30.36 -0.34
185,154.00 30.13 1.11 33.38 27.09
598,997.00 16.31 22.79 14.60 18.92

157,825.00 44.29 -4.40 85.37 8.02

22,831.00 2.63 2.71 254.37 1.40
170,397.00 -60.65 -9.65 -33.61 46.94
58,300.00 70.77 40.78 -72.06 27.72
409,353.00 11.60 -3.29 12.85 26.66
41,512.00 23.84 551.70 -1.48 -38.24
0 -39.28 -5.89 -8.34
2,032.00 298.61 104.35 -1.48 33.27
14,061.00 111.63 104.28 4.52 -41.12
471,212.00 17.82 21.78 11.85 20.02
42,503.00 2.66 23.30 0.60 34.72
46,486.00 9.39 11.05 24.28 5.30
4,465.00 -34.67 71.40 114.69 83.14
11,869.00 179.04 160.42 40.75 -74.53

0 22.75 -76.58 133.63

22,462.00 16.31 25.59 45.07 26.46
127,785.00 11.29 26.26 25.18 14.89
598,997.00 16.31 22.79 14.60 18.92
 HORIZONTAL ANALYSIS

20-Mar 19-Mar 18-Mar 17-Mar

INCOME
Revenue From Operations [Gross] 659,205.00 625,212.00 430,731.00 330,180.00
Less: Excise/Sevice Tax/Other Levies 62,462.00 56,003.00 39,054.00 24,798.00
Revenue From Operations [Net] 596,743.00 569,209.00 391,677.00 305,382.00
Total Operating Revenues 596,743.00 569,209.00 391,677.00 305,382.00
Other Income 13,956.00 8,386.00 9,949.00 9,443.00
Total Revenue 610,699.00 577,595.00 401,626.00 314,825.00
EXPENSES
Cost Of Materials Consumed 260,621.00 275,237.00 207,448.00 175,087.00
Purchase Of Stock-In Trade 149,667.00 123,930.00 68,628.00 42,431.00
Operating And Direct Expenses 24,155.00 28,360.00 0 0
Changes In Inventories Of FG,WIP And
-5,048.00 -4,680.00 -8,610.00 -5,218.00
Stock-In Trade
Employee Benefit Expenses 14,075.00 12,488.00 9,523.00 8,388.00
Finance Costs 22,027.00 16,495.00 8,052.00 3,849.00

Depreciation And Amortisation Expenses 22,203.00 20,934.00 16,706.00 11,646.00

Other Expenses 65,056.00 49,707.00 50,512.00 38,500.00

Total Expenses 552,756.00 522,471.00 352,259.00 274,683.00
Profit/Loss Before Exceptional,
57,943.00 55,124.00 49,367.00 40,142.00
ExtraOrdinary Items And Tax
Exceptional Items -4,444.00 0 0 0
Profit/Loss Before Tax 53,499.00 55,124.00 49,367.00 40,142.00
Tax Expenses-Continued Operations
Current Tax 8,630.00 11,683.00 10,098.00 8,880.00
Deferred Tax 5,096.00 3,707.00 3,248.00 1,321.00
Total Tax Expenses 13,726.00 15,390.00 13,346.00 10,201.00
Profit/Loss After Tax And Before
39,773.00 39,734.00 36,021.00 29,941.00
ExtraOrdinary Items
Profit/Loss From Continuing
39,773.00 39,734.00 36,021.00 29,941.00
Operations
Profit/Loss For The Period 39,773.00 39,734.00 36,021.00 29,941.00
NTAL ANALYSIS
2020 2019 2018 2017
16-Mar CHANGE % CHANGE % CHANGE % CHANGE %

293,298.00 5.44 45.15 30.45 12.57

19,299.00 11.53 43.40 57.49 28.49
273,999.00 4.84 45.33 28.26 11.45
273,999.00 4.84 45.33 28.26 11.45
12,053.00 66.42 -15.71 5.36 -21.65
286,052.00 5.73 43.81 27.57 10.06

158,199.00 -5.31 32.68 18.48 10.68

28,055.00 20.77 80.58 61.74 51.24
18,479.00 -14.83 -100.00
2,560.00 7.86 -45.64 65.01 -303.83
7,407.00 12.71 31.14 13.53 13.24
3,691.00 33.54 104.86 109.20 4.28
11,565.00 6.06 25.31 43.45 0.70
17,595.00 30.88 -1.59 31.20 118.81
247,551.00 5.80 48.32 28.24 10.96
38,501.00 5.11 11.66 22.98 4.26
0
38,501.00 -2.95 11.66 22.98 4.26

8,042.00 -26.13 15.70 13.72 10.42

834 37.47 14.13 145.87 58.39
8,876.00 -10.81 15.32 30.83 14.93
29,625.00 0.10 10.31 20.31 1.07

29,625.00 0.10 10.31 20.31 1.07

29,625.00 0.10 10.31 20.31 1.07
 VERTICAL ANAL

Mar 20 19-Mar 18-Mar 17-Mar

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS
Equity Share Capital 6,339.00 5,926.00 5,922.00 2,959.00
Total Share Capital 6,339.00 5,926.00 5,922.00 2,959.00
Revaluation Reserves 0 0 0 870
Reserves and Surplus 446,992.00 381,186.00 287,569.00 259,876.00

Total Reserves and Surplus 446,992.00 381,186.00 287,569.00 260,746.00

Total Shareholders Funds 453,331.00 387,112.00 293,491.00 263,705.00

Equity Share Application
0 0 15 4
Money
Minority Interest 8,016.00 8,280.00 3,539.00 2,917.00
NON-CURRENT LIABILITIES
Long Term Borrowings 197,631.00 207,506.00 144,175.00 152,148.00

Deferred Tax Liabilities [Net] 54,123.00 49,923.00 29,618.00 26,735.00

Other Long Term Liabilities 38,108.00 29,407.00 28,752.00 29,162.00

Long Term Provisions 1,790.00 2,856.00 2,906.00 2,353.00

Total Non-Current Liabilities 291,652.00 289,692.00 205,451.00 210,398.00

CURRENT LIABILITIES
Short Term Borrowings 93,786.00 64,436.00 37,429.00 31,528.00
Trade Payables 96,799.00 108,309.00 106,861.00 76,595.00
Other Current Liabilities 220,441.00 143,251.00 168,330.00 125,423.00
Short Term Provisions 1,890.00 1,326.00 1,232.00 1,769.00
Total Current Liabilities 412,916.00 317,322.00 313,852.00 235,315.00
Total Capital And Liabilities 1,165,915.00 1,002,406.00 816,348.00 712,339.00
ASSETS
NON-CURRENT ASSETS
Tangible Assets 435,920.00 302,115.00 316,031.00 170,483.00
Intangible Assets 86,479.00 84,262.00 82,041.00 23,151.00
Capital Work-In-Progress 59,096.00 150,178.00 166,220.00 250,377.00
Intangible Assets Under
50,010.00 29,285.00 20,802.00 74,460.00
Development
Fixed Assets 631,505.00 565,840.00 585,094.00 518,471.00
Non-Current Investments 203,852.00 164,612.00 25,259.00 25,639.00
Deferred Tax Assets [Net] 2,900.00 4,776.00 5,075.00 5,537.00
Long Term Loans And
21,732.00 5,452.00 2,668.00 2,708.00
Advances
Other Non-Current Assets 37,407.00 17,676.00 8,653.00 8,279.00
Total Non-Current Assets 907,655.00 770,353.00 632,562.00 565,526.00
CURRENT ASSETS
 Current Investments 72,915.00 71,023.00 57,603.00 57,260.00
Inventories 73,903.00 67,561.00 60,837.00 48,951.00
Trade Receivables 19,656.00 30,089.00 17,555.00 8,177.00

Cash And Cash Equivalents 30,920.00 11,081.00 4,255.00 3,023.00

Short Term Loans And

669 545 2,327.00 996
Advances
OtherCurrentAssets 60,197.00 51,754.00 41,209.00 28,406.00
Total Current Assets 258,260.00 232,053.00 183,786.00 146,813.00
Total Assets 1,165,915.00 1,002,406.00 816,348.00 712,339.00
VERTICAL ANALYSIS

16-Mar 2020% 2019% 2018% 2017%

2,948.00 0.54% 0.59% 0.73% 0.42%

2,948.00 0.54% 0.59% 0.73% 0.42%
835 0.00% 0.00% 0.00% 0.12%
227,765.00 38.34% 38.03% 35.23% 36.48%
228,600.00 38.34% 38.03% 35.23% 36.60%
231,548.00 38.88% 38.62% 35.95% 37.02%
8 0.00% 0.00% 0.00% 0.00%
3,356.00 0.69% 0.83% 0.43% 0.41%

141,647.00 16.95% 20.70% 17.66% 21.36%

20,494.00 4.64% 4.98% 3.63% 3.75%
15,559.00 3.27% 2.93% 3.52% 4.09%
1,231.00 0.15% 0.28% 0.36% 0.33%
178,931.00 25.01% 28.90% 25.17% 29.54%

23,545.00 8.04% 6.43% 4.58% 4.43%

60,296.00 8.30% 10.80% 13.09% 10.75%
99,538.00 18.91% 14.29% 20.62% 17.61%
1,775.00 0.16% 0.13% 0.15% 0.25%
185,154.00 35.42% 31.66% 38.45% 33.03%
598,997.00 100.00% 100.00% 100.00% 100.00%

157,825.00 37.39% 30.14% 38.71% 23.93%

22,831.00 7.42% 8.41% 10.05% 3.25%
170,397.00 5.07% 14.98% 20.36% 35.15%
58,300.00 4.29% 2.92% 2.55% 10.45%
409,353.00 54.16% 56.45% 71.67% 72.78%
41,512.00 17.48% 16.42% 3.09% 3.60%
0 0.25% 0.48% 0.62% 0.78%
2,032.00 1.86% 0.54% 0.33% 0.38%
14,061.00 3.21% 1.76% 1.06% 1.16%
471,212.00 77.85% 76.85% 77.49% 79.39%
42,503.00 6.25% 7.09% 7.06% 8.04%
46,486.00 6.34% 6.74% 7.45% 6.87%
4,465.00 1.69% 3.00% 2.15% 1.15%
11,869.00 2.65% 1.11% 0.52% 0.42%

0 0.06% 0.05% 0.29% 0.14%

22,462.00 5.16% 5.16% 5.05% 3.99%
127,785.00 22.15% 23.15% 22.51% 20.61%
598,997.00 100.00% 100.00% 100.00% 100.00%
2016%

0.49%
0.49%
0.14%
38.02%
38.16%
38.66%
0.00%
0.56%

23.65%
3.42%
2.60%
0.21%
29.87%

3.93%
10.07%
16.62%
0.30%
30.91%
100.00%

26.35%
3.81%
28.45%
9.73%
68.34%
6.93%
0.00%
0.34%
2.35%
78.67%
 7.10%
7.76%
0.75%
1.98%

0.00%
3.75%
21.33%
100.00%
 VERTICAL ANALY

20-Mar 19-Mar 18-Mar 17-Mar

INCOME
Revenue From Operations [Gross] 659,205.00 625,212.00 430,731.00 330,180.00
Less: Excise/Sevice Tax/Other Levies 62,462.00 56,003.00 39,054.00 24,798.00
Revenue From Operations [Net] 596,743.00 569,209.00 391,677.00 305,382.00
Total Operating Revenues 596,743.00 569,209.00 391,677.00 305,382.00
Other Income 13,956.00 8,386.00 9,949.00 9,443.00
Total Revenue 610,699.00 577,595.00 401,626.00 314,825.00
EXPENSES
Cost Of Materials Consumed 260,621.00 275,237.00 207,448.00 175,087.00
Purchase Of Stock-In Trade 149,667.00 123,930.00 68,628.00 42,431.00
Operating And Direct Expenses 24,155.00 28,360.00 0 0
Changes In Inventories Of FG,WIP And
-5,048.00 -4,680.00 -8,610.00 -5,218.00
Stock-In Trade
Employee Benefit Expenses 14,075.00 12,488.00 9,523.00 8,388.00
Finance Costs 22,027.00 16,495.00 8,052.00 3,849.00

Depreciation And Amortisation Expenses 22,203.00 20,934.00 16,706.00 11,646.00

Other Expenses 65,056.00 49,707.00 50,512.00 38,500.00

Total Expenses 552,756.00 522,471.00 352,259.00 274,683.00
Profit/Loss Before Exceptional,
57,943.00 55,124.00 49,367.00 40,142.00
ExtraOrdinary Items And Tax
Exceptional Items -4,444.00 0 0 0
Profit/Loss Before Tax 53,499.00 55,124.00 49,367.00 40,142.00
Tax Expenses-Continued Operations
Current Tax 8,630.00 11,683.00 10,098.00 8,880.00
Deferred Tax 5,096.00 3,707.00 3,248.00 1,321.00
Total Tax Expenses 13,726.00 15,390.00 13,346.00 10,201.00
Profit/Loss After Tax And Before
39,773.00 39,734.00 36,021.00 29,941.00
ExtraOrdinary Items
Profit/Loss From Continuing
39,773.00 39,734.00 36,021.00 29,941.00
Operations
Profit/Loss For The Period 39,773.00 39,734.00 36,021.00 29,941.00
ERTICAL ANALYSIS

16-Mar 2020% 2019% 2018% 2017%

293,298.00 100.00% 100.00% 100.00% 100.00%

19,299.00 9.48% 8.96% 9.07% 7.51%
273,999.00 90.52% 91.04% 90.93% 92.49%
273,999.00 90.52% 91.04% 90.93% 92.49%
12,053.00 2.12% 1.34% 2.31% 2.86%
286,052.00 92.64% 92.38% 93.24% 95.35%
0.00% 0.00% 0.00% 0.00%
158,199.00 39.54% 44.02% 48.16% 53.03%
28,055.00 22.70% 19.82% 15.93% 12.85%
18,479.00 3.66% 4.54% 0.00% 0.00%
2,560.00 -0.77% -0.75% -2.00% -1.58%
7,407.00 2.14% 2.00% 2.21% 2.54%
3,691.00 3.34% 2.64% 1.87% 1.17%
11,565.00 3.37% 3.35% 3.88% 3.53%
17,595.00 9.87% 7.95% 11.73% 11.66%
247,551.00 83.85% 83.57% 81.78% 83.19%
38,501.00 8.79% 8.82% 11.46% 12.16%
0 -0.67% 0.00% 0.00% 0.00%
38,501.00 8.12% 8.82% 11.46% 12.16%

8,042.00 1.31% 1.87% 2.34% 2.69%

834 0.77% 0.59% 0.75% 0.40%
8,876.00 2.08% 2.46% 3.10% 3.09%
29,625.00 6.03% 6.36% 8.36% 9.07%

29,625.00 6.03% 6.36% 8.36% 9.07%

29,625.00 6.03% 6.36% 8.36% 9.07%
2016%

100.00%
6.58%
93.42%
93.42%
4.11%
97.53%
0.00%
53.94%
9.57%
6.30%
0.87%
2.53%
1.26%
3.94%
6.00%
84.40%
13.13%
0.00%
13.13%

2.74%
0.28%
3.03%
10.10%

10.10%
10.10%
 TREND ANALYSIS

Mar 20 19-Mar 18-Mar 17-Mar

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS
Equity Share Capital 6,339.00 5,926.00 5,922.00 2,959.00
Total Share Capital 6,339.00 5,926.00 5,922.00 2,959.00
Revaluation Reserves 0 0 0 870
Reserves and Surplus 446,992.00 381,186.00 287,569.00 259,876.00

Total Reserves and Surplus 446,992.00 381,186.00 287,569.00 260,746.00

Total Shareholders Funds 453,331.00 387,112.00 293,491.00 263,705.00

Equity Share Application
0 0 15 4
Money
Minority Interest 8,016.00 8,280.00 3,539.00 2,917.00
NON-CURRENT LIABILITIES
Long Term Borrowings 197,631.00 207,506.00 144,175.00 152,148.00

Deferred Tax Liabilities [Net] 54,123.00 49,923.00 29,618.00 26,735.00

Other Long Term Liabilities 38,108.00 29,407.00 28,752.00 29,162.00

Long Term Provisions 1,790.00 2,856.00 2,906.00 2,353.00

Total Non-Current Liabilities 291,652.00 289,692.00 205,451.00 210,398.00

CURRENT LIABILITIES
Short Term Borrowings 93,786.00 64,436.00 37,429.00 31,528.00
Trade Payables 96,799.00 108,309.00 106,861.00 76,595.00
Other Current Liabilities 220,441.00 143,251.00 168,330.00 125,423.00
Short Term Provisions 1,890.00 1,326.00 1,232.00 1,769.00
Total Current Liabilities 412,916.00 317,322.00 313,852.00 235,315.00
Total Capital And Liabilities 1,165,915.00 1,002,406.00 816,348.00 712,339.00
ASSETS
NON-CURRENT ASSETS
Tangible Assets 435,920.00 302,115.00 316,031.00 170,483.00
Intangible Assets 86,479.00 84,262.00 82,041.00 23,151.00
Capital Work-In-Progress 59,096.00 150,178.00 166,220.00 250,377.00
Intangible Assets Under
50,010.00 29,285.00 20,802.00 74,460.00
Development
Fixed Assets 631,505.00 565,840.00 585,094.00 518,471.00
Non-Current Investments 203,852.00 164,612.00 25,259.00 25,639.00
Deferred Tax Assets [Net] 2,900.00 4,776.00 5,075.00 5,537.00
Long Term Loans And
21,732.00 5,452.00 2,668.00 2,708.00
Advances
Other Non-Current Assets 37,407.00 17,676.00 8,653.00 8,279.00
Total Non-Current Assets 907,655.00 770,353.00 632,562.00 565,526.00
CURRENT ASSETS
 Current Investments 72,915.00 71,023.00 57,603.00 57,260.00
Inventories 73,903.00 67,561.00 60,837.00 48,951.00
Trade Receivables 19,656.00 30,089.00 17,555.00 8,177.00

Cash And Cash Equivalents 30,920.00 11,081.00 4,255.00 3,023.00

Short Term Loans And

669 545 2,327.00 996
Advances
OtherCurrentAssets 60,197.00 51,754.00 41,209.00 28,406.00
Total Current Assets 258,260.00 232,053.00 183,786.00 146,813.00
Total Assets 1,165,915.00 1,002,406.00 816,348.00 712,339.00
REND ANALYSIS

16-Mar 2020% 2019% 2018% 2017% 2016%

2,948.00 215.03% 201.02% 200.88% 100.37% 100.00%

2,948.00 215.03% 201.02% 200.88% 100.37% 100.00%
835 0.00% 0.00% 0.00% 104.19% 100.00%
227,765.00 196.25% 167.36% 126.26% 114.10% 100.00%
228,600.00 195.53% 166.75% 125.80% 114.06% 100.00%
231,548.00 195.78% 167.18% 126.75% 113.89% 100.00%
8 0.00% 0.00% 187.50% 50.00% 100.00%
3,356.00 238.86% 246.72% 105.45% 86.92% 100.00%

141,647.00 139.52% 146.50% 101.78% 107.41% 100.00%

20,494.00 264.09% 243.60% 144.52% 130.45% 100.00%
15,559.00 244.93% 189.00% 184.79% 187.43% 100.00%
1,231.00 145.41% 232.01% 236.07% 191.15% 100.00%
178,931.00 163.00% 161.90% 114.82% 117.59% 100.00%

23,545.00 398.33% 273.67% 158.97% 133.91% 100.00%

60,296.00 160.54% 179.63% 177.23% 127.03% 100.00%
99,538.00 221.46% 143.92% 169.11% 126.01% 100.00%
1,775.00 106.48% 74.70% 69.41% 99.66% 100.00%
185,154.00 223.01% 171.38% 169.51% 127.09% 100.00%
598,997.00 194.64% 167.35% 136.29% 118.92% 100.00%

157,825.00 276.20% 191.42% 200.24% 108.02% 100.00%

22,831.00 378.78% 369.07% 359.34% 101.40% 100.00%
170,397.00 34.68% 88.13% 97.55% 146.94% 100.00%
58,300.00 85.78% 50.23% 35.68% 127.72% 100.00%
409,353.00 154.27% 138.23% 142.93% 126.66% 100.00%
41,512.00 491.07% 396.54% 60.85% 61.76% 100.00%
0 NA NA NA NA NA
2,032.00 1069.49% 268.31% 131.30% 133.27% 100.00%
14,061.00 266.03% 125.71% 61.54% 58.88% 100.00%
471,212.00 192.62% 163.48% 134.24% 120.02% 100.00%
42,503.00 171.55% 167.10% 135.53% 134.72% 100.00%
46,486.00 158.98% 145.34% 130.87% 105.30% 100.00%
4,465.00 440.22% 673.89% 393.17% 183.14% 100.00%
11,869.00 260.51% 93.36% 35.85% 25.47% 100.00%

0 NA NA NA NA NA
22,462.00 267.99% 230.41% 183.46% 126.46% 100.00%
127,785.00 202.11% 181.60% 143.82% 114.89% 100.00%
598,997.00 194.64% 167.35% 136.29% 118.92% 100.00%
 TREND ANALYSIS

20-Mar 19-Mar 18-Mar 17-Mar

INCOME
Revenue From Operations [Gross] 659,205.00 625,212.00 430,731.00 330,180.00
Less: Excise/Sevice Tax/Other Levies 62,462.00 56,003.00 39,054.00 24,798.00
Revenue From Operations [Net] 596,743.00 569,209.00 391,677.00 305,382.00
Total Operating Revenues 596,743.00 569,209.00 391,677.00 305,382.00
Other Income 13,956.00 8,386.00 9,949.00 9,443.00
Total Revenue 610,699.00 577,595.00 401,626.00 314,825.00
EXPENSES
Cost Of Materials Consumed 260,621.00 275,237.00 207,448.00 175,087.00
Purchase Of Stock-In Trade 149,667.00 123,930.00 68,628.00 42,431.00
Operating And Direct Expenses 24,155.00 28,360.00 0 0
Changes In Inventories Of FG,WIP And
-5,048.00 -4,680.00 -8,610.00 -5,218.00
Stock-In Trade
Employee Benefit Expenses 14,075.00 12,488.00 9,523.00 8,388.00
Finance Costs 22,027.00 16,495.00 8,052.00 3,849.00

Depreciation And Amortisation Expenses 22,203.00 20,934.00 16,706.00 11,646.00

Other Expenses 65,056.00 49,707.00 50,512.00 38,500.00

Total Expenses 552,756.00 522,471.00 352,259.00 274,683.00
Profit/Loss Before Exceptional,
57,943.00 55,124.00 49,367.00 40,142.00
ExtraOrdinary Items And Tax
Exceptional Items -4,444.00 0 0 0
Profit/Loss Before Tax 53,499.00 55,124.00 49,367.00 40,142.00
Tax Expenses-Continued Operations
Current Tax 8,630.00 11,683.00 10,098.00 8,880.00
Deferred Tax 5,096.00 3,707.00 3,248.00 1,321.00
Total Tax Expenses 13,726.00 15,390.00 13,346.00 10,201.00
Profit/Loss After Tax And Before
39,773.00 39,734.00 36,021.00 29,941.00
ExtraOrdinary Items
Profit/Loss From Continuing
39,773.00 39,734.00 36,021.00 29,941.00
Operations
Profit/Loss For The Period 39,773.00 39,734.00 36,021.00 29,941.00
REND ANALYSIS

16-Mar 2020% 2019% 2018% 2017% 2016%

293,298.00 224.76% 213.17% 146.86% 112.57% 100.00%

19,299.00 323.65% 290.19% 202.36% 128.49% 100.00%
273,999.00 217.79% 207.74% 142.95% 111.45% 100.00%
273,999.00 217.79% 207.74% 142.95% 111.45% 100.00%
12,053.00 115.79% 69.58% 82.54% 78.35% 100.00%
286,052.00 213.49% 201.92% 140.40% 110.06% 100.00%

158,199.00 164.74% 173.98% 131.13% 110.68% 100.00%

28,055.00 533.48% 441.74% 244.62% 151.24% 100.00%
18,479.00 130.72% 153.47% 0.00% 0.00% 100.00%
2,560.00 -197.19% -182.81% -336.33% -203.83% 100.00%
7,407.00 190.02% 168.60% 128.57% 113.24% 100.00%
3,691.00 596.78% 446.90% 218.15% 104.28% 100.00%
11,565.00 191.98% 181.01% 144.45% 100.70% 100.00%
17,595.00 369.74% 282.51% 287.08% 218.81% 100.00%
247,551.00 223.29% 211.06% 142.30% 110.96% 100.00%
38,501.00 150.50% 143.18% 128.22% 104.26% 100.00%
0 NA NA NA NA NA
38,501.00 138.95% 143.18% 128.22% 104.26% 100.00%

8,042.00 107.31% 145.27% 125.57% 110.42% 100.00%

834 611.03% 444.48% 389.45% 158.39% 100.00%
8,876.00 154.64% 173.39% 150.36% 114.93% 100.00%
29,625.00 134.25% 134.12% 121.59% 101.07% 100.00%

29,625.00 134.25% 134.12% 121.59% 101.07% 100.00%

29,625.00 134.25% 134.12% 121.59% 101.07% 100.00%
 RATIO ANALY
Liquidity Analysi

Current Ratio= Current assets/ Current Liabilities

years Current assets Current Liabilities

2019-20 258260
2018-19 2,27,386
2017-18 1,83,786
2016-17 1,46,813
2015-16 90,564

Receivable Turnover ratio= Net sales(Reven

Years Revenue Ave
previous
2019-20 6,25,601 3,008,900
2018-19 5,91,480 1,755,500
2017-18 4,18,214 817,700
2016-17 3,39,623 349,500
2015-16 2,40,740 466,100

SOLVENCY ANALYSI

Debt to equity Ratio= Debt/ Equity

Years Debt Equity= Capital+ Re
Capital
2019-20 1,97,631 6,339
2018-19 2,07,506 5,926
2017-18 37,429 5,922
2016-17 31,528 2,959
2015-16 77,866 3,240

Liablity to Equity Ratio= Liabilities/ E

Years Liability Equity= Capital+ Re

 Capital
2019-20 7,04,568 6,339
2018-19 6,07,014 5,926
2017-18 5,19,303 5,922
2016-17 4,45,713 2,959
2015-16 1,25,022 3,240

Capital Market Stan

Price Earning Ratio= Market Price Per Share/ E

Years Market Price Per Share

High Low
2019-20 1,369.00 875.65
2018-19 1,412.40 1,321.00
2017-18 959.9 880
2016-17 1,337.65 1,227.05
2015-16 1 056.00 964.65

Dividend Yield= Dividend Per Share/ M

Years Market Price Per Share

High Low
2019-20 1,369.00 875.65
2018-19 1,412.40 1,321.00
2017-18 959.9 880
2016-17 1,337.65 1,227.05
2015-16 1 056.00 964.65

Price to Book Ratio= Market Price Per Sha

Years Market Price Per Share

High Low
2019-20 1,369.00 875.65
2018-19 1,412.40 1,321.00
2017-18 959.9 880
2016-17 1,337.65 1,227.05
2015-16 1 056.00 964.65

Earning Yield= EPS/ Market Price Per

Years Market Price Per Share

High Low
2019-20 1,369.00 875.65
2018-19 1,412.40 1,321.00
2017-18 959.9 880
2016-17 1,337.65 1,227.05
2015-16 1 056.00 964.65

PROFITABLITY ANALYSIS

Profit Margin=Net profit/Revenue

Years Net profit Revenue

2019-20 39,880 6,25,601
2018-19 39,837 5,91,480
2017-18 33,612 3,13,555
2016-17 31,425 2,73,750
2015-16 27,384 2,59,062

Return of assets= Net profit/Average Assets

Year Net Profit Average Assets

Previous
2019-20 39,880 10,02,406
2018-19 39,837 6,17,525
2017-18 33,612 5,46,746
2016-17 31,425 3,89,136
2015-16 27,384 3,02,844

Asset Turnover= Sales/Average Assets

Years Sales Average Assets

Previous
2019-20 5,91,778 10,02,406
2018-19 5,85,540 6,17,525
2017-18 3,14,917 5,46,746
2016-17 2,64,909 3,89,136
2015-16 2,51,100 3,02,844

Return On Equity= Profit/Average Equity

Years Profit Average Equity

Previous
2019-20 39,880 387112
2018-19 39,837 387112
2017-18 33,612 263709
2016-17 31,425 240176
2015-16 27,384 2,32,744

Earning Per Share

Years EPS
2019-20 70.7
2018-19 66.8
2017-18 60.9
2016-17 101.3
2015-16 85.4
 RATIO ANALYSIS
Liquidity Analysis

assets/ Current Liabilities

Current Liabilities Ratio

4,12,916 0.6254
3,14,023 0.7241
3,13,852 0.5855
2,35,315 0.7938
1,25,022 0.7243

ver ratio= Net sales(Revenue)/ Average Receivable

Average Receivables
current Average
1,965,600 2,487,250.00
3,008,900 2,382,200.00
1,755,500 1,286,600.00
817,700 583,600.00
349,500 407,800.00

SOLVENCY ANALYSIS

equity Ratio= Debt/ Equity

Equity= Capital+ Reserve and surplus Ratio
Reserves Equity
4,46,992 453,331 0.44
3,81,186 387112 0.536
2,87,584 387112 0.0967
2,60,750 263709 0.1195
2,36,936 240176 0.324

uity Ratio= Liabilities/ Equity

Equity= Capital+ Reserve and surplus Ratio

 Reserves Equity
4,46,992 453,331 1.554
3,81,186 387112 1.568
2,87,584 387112 1.3414
2,60,750 263709 1.69
2,36,936 240176 0.5205

Capital Market Standing

rket Price Per Share/ Earning Per Share

EPS Ratio
Average
1122.325 70.7 15.87
1366.7 66.8 20.46
919.95 60.9 15.11
1282.35 101.3 12.66
1010.325 85.4 11.83

= Dividend Per Share/ Market Price Per Share

DPS Ratio
Average
1122.325 6.5 0.0058
1366.7 6.5 0.0047
919.95 6 0.0065
1282.35 11 0.0086
1010.325 10.5 0.0104

o= Market Price Per Share/ Book Value Per Share

Book Value Per Share Ratio

Average
1122.325 715.1 1.569
1366.7 653.3 2.092
 919.95 495.6 1.856
1282.35 491.2 2.609
1010.325 785.5 1.2862

= EPS/ Market Price Per Share

EPS Ratio
Average
1122.325 70.7 0.06299
1366.7 66.8 0.0726
919.95 60.9 0.0661
1282.35 101.3 0.0789
1010.325 85.4 0.0845

FITABLITY ANALYSIS

Revenue

Ratio
0.0637
0.06735
0.1072
0.1148
0.1057

t profit/Average Assets

Average Assets Ratio

Current Average
11,65,915 1084160.5 0.03678
10,02,406 809965.5 0.04918
6,17,525 582135.5 0.0577
5,46,746 467941 0.06715
 3,89,136 345990 0.07914

ales/Average Assets

Average Assets Ratio

Current Average
11,65,915 1084160.5 0.5458
10,02,406 809965.5 0.7229
6,17,525 582135.5 0.5409
5,46,746 467941 0.5661
3,89,136 345990 0.7257

Profit/Average Equity

Average Equity Ratio

Current Average
453,331 420221.5 0.094902331
387112 387112 0.102908202
387112 325410.5 0.103291074
263709 251942.5 0.124730841
240176 240176 0.114016388
Ratio

0.2515
0.2483
0.325
0.5819
0.5903
 Recommendation regarding buy, sell or

Here this company sales is increasing yearly from the 2016 to 2020 ang profit is also increasing . So
ing buy, sell or hold the stocks.

fit is also increasing . So that I recomang to buy the stocks to make more profits by selling in the future.
lling in the future.