NAME: SMITHA GLADIUS

RREG NO:22MIA1022

ACCOUNTS PROJECT
AUTOMOTIVE INDUSTRY
The automotive industry comprises a wide range of companies and organizations involved in
the design, development, manufacturing, marketing, selling, repairing,
and modification of motor vehicles. It is one of the world's largest industries by revenue (from
16% such as in France up to 40% to countries like Slovakia). Automotive industry, all those
companies and activities involved in the manufacture of motor vehicles, including most
components, such as engines and bodies, but excluding tires, batteries, and fuel.
The industry’s principal products are passenger automobiles and light trucks, including pickups,
vans, and sport utility vehicles. Commercial vehicles (i.e., delivery trucks and large transport
trucks, often called semis), though important to the industry, are secondary.
ASHOK LEYLAND

Ashok Leyland is an Indian multinational automotive manufacturer, with their

headquarters in Chennai. It is owned by the Hinduja Group. It was founded in
1948 as Ashok Motors which became Ashok Leyland in the year 1955 after
collaboration with British Leyland. Ashok Leyland is the second largest
manufacturer of commercial vehicles in India (with a market share of 32.1% in
2016), the third largest manufacturer of buses in the world, and the tenth largest
manufacturer of trucks.
MAHINDRA

Mahindra & Mahindra Limited (M&M) is an

Indian multinational automotive manufacturing corporation headquartered
in Mumbai. It was established in 1945 as Mahindra & Mohammed and later
renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the
largest vehicle manufacturers by production in India. Its unit, Mahindra Tractors,
is the largest manufacturer of tractors in the world by volume. It was ranked 17th
on a list of top companies in India by Fortune India 500 in 2018. Its major
competitors in the Indian market include Maruti Suzuki India and Tata Motors .
MARUTI SUZUKI

Maruti Suzuki India Limited (formerly Maruti Udyog Limited) is the Indian
subsidiary of Japanese automaker Suzuki Motor Corporation.[8] As of September
2022, the company had a leading market share of 42 percent in the Indian
passenger car market.[9] The company is known for making low-maintenance cars
for the Indian market
HERO MOTOCORP
Hero MotoCorp Limited is an
Indian multinational motorcycle and scooter manufacturer headquartered in New
Delhi. It is one of the world's largest two-wheeler manufacturer and has a market
share of about 46% in the Indian two-wheeler industry. As of 27 May 2021,
the market capitalization of the company was ₹59,600 crore (equivalent
to ₹700 billion or US$8.8 billion in 2023).
HONDA
Honda Motorcycle & Scooter India, Pvt. Ltd., abbreviated as HMSI, is the
wholly owned Indian subsidiary of Honda Motor Company,
Limited, Japan. Founded in 1999, it was the fourth Honda automotive venture in
India, after Kinetic Honda Motor Ltd (1984–1998), Hero Honda (1984–2011)
and Honda Siel Cars India (1995–2012). HMSI was established in 1999
at Manesar, Gurugram, Haryana.HMSI has four manufacturing locations
at Manesar in Haryana, Tapukara in Rajasthan, Narsapura, Kolar in Karnataka and
Vitthalapur of Ahmedabad district in Gujarat state.
Maruti Suzuki
Date Close Price RETURNS

01.Jun.23 9327.8
02.Jun.23 9488.8 1.726023285
05.Jun.23 9581.1 0.97272574
06.Jun.23 9731.85 1.573410151
07.Jun.23 9711.4 -0.210134764
08.Jun.23 9654.85 -0.582305332
09.Jun.23 9626.85 -0.290009684
12.Jun.23 9549.45 -0.804001309
13.Jun.23 9521.55 -0.292163423
14.Jun.23 9532.7 0.117102783
15.Jun.23 9591.35 0.615250664
16.Jun.23 9602.6 0.117293186
19.Jun.23 9526.9 -0.788328161
20.Jun.23 9496.25 -0.321720602
21.Jun.23 9437.45 -0.619191786
22.Jun.23 9391.05 -0.491658234
23.Jun.23 9323.55 -0.718769467
26.Jun.23 9465.2 1.519271093
27.Jun.23 9458.3 -0.072898618
28.Jun.23 9540.5 0.869077953
30.Jun.23 9786.75 2.581101619
03.Jul.23 9672.55 -1.166883797
04.Jul.23 9646.25 -0.271903479
05.Jul.23 9994.5 3.610211222
06.Jul.23 9854.7 -1.398769323
07.Jul.23 9850.5 -0.042619258
10.Jul.23 9737.55 -1.146642302
11.Jul.23 9899.9 1.667257164
12.Jul.23 9836.2 -0.643440843
13.Jul.23 9653.2 -1.860474574
14.Jul.23 9603.8 -0.5117474
17.Jul.23 9687.95 0.876215665
18.Jul.23 9669.3 -0.192507187
19.Jul.23 9606.75 -0.646892743
20.Jul.23 9774.85 1.749811331
21.Jul.23 9768.1 -0.069054768
24.Jul.23 9694.7 -0.751425559
25.Jul.23 9760.95 0.683363075
26.Jul.23 9756.35 -0.04712656
27.Jul.23 9748.65 -0.078922958
28.Jul.23 9668.9 -0.818061988
31.Jul.23 9819.55 1.558088304
01.Aug.23 9715.25 -1.0621668
02.Aug.23 9650.4 -0.667507269
03.Aug.23 9542.05 -1.122751389
04.Aug.23 9463.3 -0.825294355
07.Aug.23 9515.6 0.552661334
08.Aug.23 9544 0.29845727
09.Aug.23 9463.35 -0.845033529
10.Aug.23 9397.1 -0.700069214
11.Aug.23 9355.25 -0.445350161
14.Aug.23 9313.45 -0.446807942
16.Aug.23 9418.75 1.130622916
17.Aug.23 9372 -0.496350365
18.Aug.23 9464.1 0.982714469
21.Aug.23 9435.75 -0.299553048
22.Aug.23 9493.45 0.61150412
23.Aug.23 9597.75 1.098652229
24.Aug.23 9570.2 -0.287046443
25.Aug.23 9508.5 -0.644709619
28.Aug.23 9595.05 0.910238208
29.Aug.23 9620.1 0.261072115
30.Aug.23 9764.4 1.499984408
31.Aug.23 10007.1 2.485559789
01.Sep.23 10331.8 3.244696266
04.Sep.23 10362.2 0.294237209
05.Sep.23 10266.3 -0.925479145
06.Sep.23 10201.1 -0.635087617
07.Sep.23 10283.2 0.804815167
08.Sep.23 10332.55 0.479908978
11.Sep.23 10534.9 1.958374264
12.Sep.23 10502.8 -0.304701516
13.Sep.23 10473.85 -0.275640782
14.Sep.23 10489.3 0.147510228
15.Sep.23 10527.85 0.367517375
18.Sep.23 10522.35 -0.052242386
20.Sep.23 10348.45 -1.652672644
21.Sep.23 10296 -0.506839188
22.Sep.23 10536.45 2.33537296
25.Sep.23 10586.25 0.472644961
26.Sep.23 10549.6 -0.346203802
27.Sep.23 10675 1.18867066
28.Sep.23 10566.95 -1.012177986
29.Sep.23 10601.7 0.328855535
9807.701786
Ashok Leyland
ASH

Date Close Price RETURNS

01.Jun.23 147.1
02.Jun.23 146.2 -0.611828688
05.Jun.23 149 1.915184679
06.Jun.23 150.1 0.738255034
07.Jun.23 151.9 1.199200533
08.Jun.23 153.05 0.757077024
09.Jun.23 152.3 -0.490035936
12.Jun.23 152.9 0.393959291
13.Jun.23 154 0.71942446
14.Jun.23 156.35 1.525974026
15.Jun.23 157.35 0.639590662
16.Jun.23 164.4 4.480457579
19.Jun.23 167.95 2.159367397
20.Jun.23 167.35 -0.357249181
21.Jun.23 163.85 -2.091425157
22.Jun.23 164.05 0.122062862
23.Jun.23 161.6 -1.49344712
26.Jun.23 164.3 1.670792079
27.Jun.23 163.65 -0.395617772
28.Jun.23 165.95 1.405438436
30.Jun.23 167.35 0.843627599
03.Jul.23 167.2 -0.089632507
04.Jul.23 163.1 -2.45215311
05.Jul.23 165.15 1.256897609
06.Jul.23 165.2 0.030275507
07.Jul.23 163.6 -0.968523002
10.Jul.23 163.2 -0.244498778
11.Jul.23 166.5 2.022058824
12.Jul.23 169.75 1.951951952
13.Jul.23 170.3 0.324005891
14.Jul.23 171.7 0.822078685
17.Jul.23 172.4 0.407687828
18.Jul.23 173.4 0.580046404
19.Jul.23 173.2 -0.115340254
20.Jul.23 175.65 1.414549654
21.Jul.23 181.9 3.558212354
24.Jul.23 182.4 0.274876306
25.Jul.23 182.85 0.246710526
26.Jul.23 181.15 -0.929723817
27.Jul.23 181.95 0.441622964
28.Jul.23 179.3 -1.456444078
31.Jul.23 184 2.621305075
01.Aug.23 184.25 0.135869565
02.Aug.23 180.55 -2.008141113
03.Aug.23 180.95 0.221545278
04.Aug.23 182.5 0.856590218
07.Aug.23 183.05 0.301369863
08.Aug.23 183.65 0.327779295
09.Aug.23 187.5 2.096378982
10.Aug.23 186.25 -0.666666667
11.Aug.23 187.1 0.456375839
14.Aug.23 186.9 -0.106894709
16.Aug.23 188.5 0.856072766
17.Aug.23 188.95 0.23872679
18.Aug.23 186.35 -1.376025404
21.Aug.23 186.9 0.295143547
22.Aug.23 187.95 0.561797753
23.Aug.23 187.7 -0.133014099
24.Aug.23 185.85 -0.985615344
25.Aug.23 186.05 0.107613667
28.Aug.23 187.55 0.806234883
29.Aug.23 188.15 0.319914689
30.Aug.23 187.8 -0.186021791
31.Aug.23 183.7 -2.183173589
01.Sep.23 184.15 0.244964616
04.Sep.23 183.7 -0.244366006
05.Sep.23 183.4 -0.163309744
06.Sep.23 182.15 -0.681570338
07.Sep.23 182 -0.082349712
08.Sep.23 183.55 0.851648352
11.Sep.23 184.8 0.681013348
12.Sep.23 179.85 -2.678571429
13.Sep.23 179.5 -0.194606617
14.Sep.23 179.85 0.194986072
15.Sep.23 183.1 1.80706144
18.Sep.23 183.6 0.273074823
20.Sep.23 182.2 -0.762527233
21.Sep.23 179.15 -1.673984632
22.Sep.23 178.75 -0.223276584
25.Sep.23 182.55 2.125874126
26.Sep.23 179.45 -1.698164886
27.Sep.23 179.3 -0.083588743
28.Sep.23 174.15 -2.872281093
29.Sep.23 176.95 1.60780936
174.5821429
Honda

Date Close Price RETURNS

01.Jun.23 2178.7
02.Jun.23 2141.45 0.735482967
05.Jun.23 2157.2 0.660578528
06.Jun.23 2171.45 0.568744387
07.Jun.23 2183.8 -0.386940196
08.Jun.23 2175.35 -0.963063415
09.Jun.23 2154.4 1.097753435
12.Jun.23 2178.05 0.234154404
13.Jun.23 2183.15 -1.607768591
14.Jun.23 2148.05 1.377993995
15.Jun.23 2177.65 0.406401396
16.Jun.23 2186.5 0.461925452
19.Jun.23 2196.6 0.32095056
20.Jun.23 2203.65 -0.229165249
21.Jun.23 2198.6 0.559446921
22.Jun.23 2210.9 -0.682979782
23.Jun.23 2195.8 -0.214044995
26.Jun.23 2191.1 -0.068458765
27.Jun.23 2189.6 1.733193277
28.Jun.23 2227.55 -0.029180041
30.Jun.23 2226.9 -1.92419956
03.Jul.23 2184.05 -0.757766535
04.Jul.23 2167.5 -0.023068051
05.Jul.23 2167 1.359021689
06.Jul.23 2196.45 -0.202599649
07.Jul.23 2192 -1.222627737
10.Jul.23 2165.2 0.030020321
11.Jul.23 2165.85 -0.0184685
12.Jul.23 2165.45 -0.210117989
13.Jul.23 2160.9 0.42343468
14.Jul.23 2170.05 -0.910117278
17.Jul.23 2150.3 0.816165186
18.Jul.23 2167.85 0.246788293
19.Jul.23 2173.2 -0.651113565
20.Jul.23 2159.05 -0.210740835
21.Jul.23 2154.5 -1.515432815
24.Jul.23 2121.85 1.340811085
25.Jul.23 2150.3 -0.362740083
26.Jul.23 2142.5 0.840140023
27.Jul.23 2160.5 0.384170331
28.Jul.23 2168.8 1.060494283
31.Jul.23 2191.8 -0.56118259
01.Aug.23 2179.5 1.610461115
02.Aug.23 2214.6 0.616364129
03.Aug.23 2228.25 -1.669471558
04.Aug.23 2191.05 1.001802789
07.Aug.23 2213 -0.408947131
08.Aug.23 2203.95 0.841670637
09.Aug.23 2222.5 4.94488189
10.Aug.23 2332.4 0.214371463
11.Aug.23 2337.4 -1.371181655
14.Aug.23 2305.35 -1.813173705
16.Aug.23 2263.55 0.905657043
17.Aug.23 2284.05 0.882204855
18.Aug.23 2304.2 0.90920927
21.Aug.23 2325.15 0.926821925
22.Aug.23 2346.7 6.835130183
23.Aug.23 2507.1 1.603446213
24.Aug.23 2547.3 2.616495898
25.Aug.23 2613.95 0.625490159
28.Aug.23 2630.3 -1.547352013
29.Aug.23 2589.6 2.058232932
30.Aug.23 2642.9 -0.45215483
31.Aug.23 2630.95 0.159638154
01.Sep.23 2635.15 0.901276967
04.Sep.23 2658.9 4.330738275
05.Sep.23 2774.05 0.57857645
06.Sep.23 2790.1 2.593097022
07.Sep.23 2862.45 0.56594875
08.Sep.23 2878.65 0.844145693
11.Sep.23 2902.95 -7.581942507
12.Sep.23 2682.85 -0.467786123
13.Sep.23 2670.3 2.574617084
14.Sep.23 2739.05 0.786769135
15.Sep.23 2760.6 0.106860827
18.Sep.23 2763.55 -3.307340196
20.Sep.23 2672.15 1.919802406
21.Sep.23 2723.45 -2.050707742
22.Sep.23 2667.6 1.746888589
25.Sep.23 2714.2 0.89529143
26.Sep.23 2738.5 5.274785466
27.Sep.23 2882.95 -1.808911011
28.Sep.23 2830.8 -0.581107814
29.Sep.23 2814.35 -15.97996492
2364.617857
Mahindra
Date Close Price Returns
01.Jun.23 1318.85
02.Jun.23 1341.05 4.01
05.Jun.23 1394.80 1.14
06.Jun.23 1410.70 -0.35
07.Jun.23 1405.75 -1.79
08.Jun.23 1380.55 -0.82
09.Jun.23 1369.20 0.87
12.Jun.23 1381.05 -0.64
13.Jun.23 1372.20 0.48
14.Jun.23 1378.85 1.01
15.Jun.23 1392.75 0.78
16.Jun.23 1403.55 -0.02
19.Jun.23 1403.30 -0.51
20.Jun.23 1396.10 -1.59
21.Jun.23 1373.95 0.40
22.Jun.23 1379.45 -0.46
23.Jun.23 1373.05 1.76
26.Jun.23 1397.25 0.23
27.Jun.23 1400.45 -0.32
28.Jun.23 1396.00 4.14
30.Jun.23 1453.75 1.00
03.Jul.23 1468.35 -0.30
04.Jul.23 1464.00 0.78
05.Jul.23 1475.35 4.97
06.Jul.23 1548.70 0.98
07.Jul.23 1563.80 -0.84
10.Jul.23 1550.70 1.21
11.Jul.23 1569.40 0.00
12.Jul.23 1569.40 -0.18
13.Jul.23 1566.60 -1.28
14.Jul.23 1546.50 -0.66
17.Jul.23 1536.25 -0.05
18.Jul.23 1535.55 0.53
19.Jul.23 1543.70 0.06
20.Jul.23 1544.70 -1.43
21.Jul.23 1522.55 1.61
24.Jul.23 1547.00 1.24
25.Jul.23 1566.25 -1.32
26.Jul.23 1545.55 -6.39
27.Jul.23 1446.85 1.43
28.Jul.23 1467.60 0.57
31.Jul.23 1475.95 1.17
01.Aug.23 1493.25 -0.50
02.Aug.23 1485.80 -1.17
03.Aug.23 1468.35 -0.22
04.Aug.23 1465.05 4.21
07.Aug.23 1526.75 -1.78
08.Aug.23 1499.55 2.35
09.Aug.23 1534.85 0.70
10.Aug.23 1545.60 0.04
11.Aug.23 1546.15 0.02
14.Aug.23 1546.45 1.55
16.Aug.23 1570.35 0.16
17.Aug.23 1572.80 -1.31
18.Aug.23 1552.25 -0.87
21.Aug.23 1538.70 0.75
22.Aug.23 1550.30 -0.52
23.Aug.23 1542.25 0.02
24.Aug.23 1542.60 -1.46
25.Aug.23 1520.05 1.95
28.Aug.23 1549.65 0.64
29.Aug.23 1559.50 1.53
30.Aug.23 1583.40 -0.46
31.Aug.23 1576.10 0.98
01.Sep.23 1591.50 -0.97
04.Sep.23 1576.05 -0.35
05.Sep.23 1570.50 0.46
06.Sep.23 1577.75 -0.74
07.Sep.23 1566.05 0.11
08.Sep.23 1567.70 0.92
11.Sep.23 1582.10 -1.55
12.Sep.23 1557.60 -1.34
13.Sep.23 1536.80 1.90
14.Sep.23 1566.05 2.23
15.Sep.23 1600.90 2.52
18.Sep.23 1641.30 -0.44
20.Sep.23 1634.05 -3.08
21.Sep.23 1583.80 1.52
22.Sep.23 1607.80 -1.17
25.Sep.23 1588.95 0.41
26.Sep.23 1595.40 -0.33
27.Sep.23 1590.15 -2.10
28.Sep.23 1556.70 -0.20
29.Sep.23 1553.65 -3.00
1507.05
Hero MotorCorp

Date Close Price RETURNS

01.Jun.23 2800.95
02.Jun.23 2891.95 -0.791853248
05.Jun.23 2869.05 1.202488629
06.Jun.23 2903.55 1.852904203
07.Jun.23 2957.35 0.280656669
08.Jun.23 2965.65 -2.237283563
09.Jun.23 2899.3 1.01748698
12.Jun.23 2928.8 0.809205135
13.Jun.23 2952.5 -0.755292125
14.Jun.23 2930.2 -2.98614429
15.Jun.23 2842.7 -0.402786084
16.Jun.23 2831.25 -1.723620309
19.Jun.23 2782.45 0.634333052
20.Jun.23 2800.1 0.830327488
21.Jun.23 2823.35 0.012396621
22.Jun.23 2823.7 -1.563551369
23.Jun.23 2779.55 2.552571459
26.Jun.23 2850.5 -0.254341344
27.Jun.23 2843.25 -0.509979777
28.Jun.23 2828.75 2.851082634
30.Jun.23 2909.4 -0.338557778
03.Jul.23 2899.55 4.448966219
04.Jul.23 3028.55 4.223143088
05.Jul.23 3156.45 0.46888118
06.Jul.23 3171.25 -0.750492708
07.Jul.23 3147.45 -0.73710464
10.Jul.23 3124.25 -0.784188205
11.Jul.23 3099.75 -0.798451488
12.Jul.23 3075 0.030894309
13.Jul.23 3075.95 1.921357629
14.Jul.23 3135.05 -1.385942808
17.Jul.23 3091.6 0.789235347
18.Jul.23 3116 -0.569640565
19.Jul.23 3098.25 -0.348583878
20.Jul.23 3087.45 0.411342694
21.Jul.23 3100.15 1.093495476
24.Jul.23 3134.05 0.108485825
25.Jul.23 3137.45 0.235860332
26.Jul.23 3144.85 -0.214636628
27.Jul.23 3138.1 1.080271502
28.Jul.23 3172 0.99148802
31.Jul.23 3203.45 -3.135681843
01.Aug.23 3103 -3.549790525
02.Aug.23 2992.85 -1.398332693
03.Aug.23 2951 -0.228736022
04.Aug.23 2944.25 0.28869831
07.Aug.23 2952.75 3.889594446
08.Aug.23 3067.6 -0.337397314
09.Aug.23 3057.25 -0.750674626
10.Aug.23 3034.3 -1.288600336
11.Aug.23 2995.2 0.412326389
14.Aug.23 3007.55 -0.959252548
16.Aug.23 2978.7 0.500218216
17.Aug.23 2993.6 -2.204703367
18.Aug.23 2927.6 0.128091269
21.Aug.23 2931.35 0.854555068
22.Aug.23 2956.4 -0.184345826
23.Aug.23 2950.95 -0.831935478
24.Aug.23 2926.4 -0.517700929
25.Aug.23 2911.25 0.668097896
28.Aug.23 2930.7 1.907394138
29.Aug.23 2986.6 -1.148463135
30.Aug.23 2952.3 -1.324391153
31.Aug.23 2913.2 0.475422216
01.Sep.23 2927.05 0.546625442
04.Sep.23 2943.05 -0.329590051
05.Sep.23 2933.35 0.103976682
06.Sep.23 2936.4 0.815624574
07.Sep.23 2960.35 1.628185856
08.Sep.23 3008.55 1.469146266
11.Sep.23 3052.75 -1.056424535
12.Sep.23 3020.5 -0.940241682
13.Sep.23 2992.1 0.225594064
14.Sep.23 2998.85 2.164162929
15.Sep.23 3063.75 1.633618931
18.Sep.23 3113.8 -1.83377224
20.Sep.23 3056.7 -1.802597573
21.Sep.23 3001.6 0.671308635
22.Sep.23 3021.75 -1.581864813
25.Sep.23 2973.95 2.042737773
26.Sep.23 3034.7 -0.970441889
27.Sep.23 3005.25 -1.098078363
28.Sep.23 2972.25 2.849692994
29.Sep.23 3056.95 -2.217604849
2989.158929
BSE 5090

Date Close RETURNS

01.Jun.23 25042.42
02.Jun.23 25122.99 0.311308487
05.Jun.23 25201.2 0.128525626
06.Jun.23 25233.59 0.782726517
07.Jun.23 25431.1 -0.528997959
08.Jun.23 25296.57 -0.28470263
09.Jun.23 25224.55 0.310570456
12.Jun.23 25302.89 0.76576233
13.Jun.23 25496.65 0.205477975
14.Jun.23 25549.04 -0.181963784
15.Jun.23 25502.55 0.769491678
16.Jun.23 25698.79 -0.261218524
19.Jun.23 25631.66 0.3304507
20.Jun.23 25716.36 0.28460482
21.Jun.23 25789.55 -0.650263382
22.Jun.23 25621.85 -0.789521444
23.Jun.23 25419.56 0.34249216
26.Jun.23 25506.62 0.603843238
27.Jun.23 25660.64 0.70380162
28.Jun.23 25841.24 0.918725262
30.Jun.23 26078.65 0.581778581
03.Jul.23 26230.37 0.182841493
04.Jul.23 26278.33 0.248607883
05.Jul.23 26343.66 0.582531053
06.Jul.23 26497.12 -0.765328458
07.Jul.23 26294.33 -0.066630334
10.Jul.23 26276.81 0.555546887
11.Jul.23 26422.79 -0.055974407
12.Jul.23 26408 -0.060701303
13.Jul.23 26391.97 0.835936082
14.Jul.23 26612.59 0.629739533
17.Jul.23 26780.18 0.022591334
18.Jul.23 26786.23 0.464940382
19.Jul.23 26910.77 0.499131017
20.Jul.23 27045.09 -0.844441634
21.Jul.23 26816.71 -0.217700083
24.Jul.23 26758.33 0.186782957
25.Jul.23 26808.31 0.472092422
26.Jul.23 26934.87 -0.309487293
27.Jul.23 26851.51 0.155149561
28.Jul.23 26893.17 0.653846311
31.Jul.23 27069.01 -0.053234307
01.Aug.23 27054.6 -1.115854605
02.Aug.23 26752.71 -0.507200953
03.Aug.23 26617.02 0.689521216
04.Aug.23 26800.55 0.374954992
07.Aug.23 26901.04 -0.047395937
08.Aug.23 26888.29 0.30332907
09.Aug.23 26969.85 -0.348537348
10.Aug.23 26875.85 -0.479203448
11.Aug.23 26747.06 -0.205704851
14.Aug.23 26692.04 0.180877895
16.Aug.23 26740.32 -0.316862326
17.Aug.23 26655.59 -0.26636064
18.Aug.23 26584.59 0.568111075
21.Aug.23 26735.62 0.321780456
22.Aug.23 26821.65 0.265308063
23.Aug.23 26892.81 -0.128361447
24.Aug.23 26858.29 -0.624053132
25.Aug.23 26690.68 0.313779941
28.Aug.23 26774.43 0.319409227
29.Aug.23 26859.95 0.235369016
30.Aug.23 26923.17 -0.276379045
31.Aug.23 26848.76 0.859332051
01.Sep.23 27079.48 0.582212066
04.Sep.23 27237.14 0.428495797
05.Sep.23 27353.85 0.175258693
06.Sep.23 27401.79 0.570364199
07.Sep.23 27558.08 0.583894088
08.Sep.23 27718.99 0.929471095
11.Sep.23 27976.63 -1.068892143
12.Sep.23 27677.59 0.376658517
13.Sep.23 27781.84 0.43989167
14.Sep.23 27904.05 0.374497609
15.Sep.23 28008.55 -0.323401247
18.Sep.23 27917.97 -0.919658557
20.Sep.23 27661.22 -0.839659278
21.Sep.23 27428.96 -0.265558738
22.Sep.23 27356.12 0.063459292
25.Sep.23 27373.48 0.001972712
26.Sep.23 27374.02 0.383575375
27.Sep.23 27479.02 -0.96615527
28.Sep.23 27213.53 0.71368911
29.Sep.23 27407.75 -2.904872232
26611.58988
Maruti Suzuki
Date Close Price ABSOLUTE ERROR ABSOLUTE ERROR MODULUS

01.Jun.23 9327.8 -479.9017857 479.9017857

02.Jun.23 9488.8 9488.8 9488.8
05.Jun.23 9581.1 9581.1 9581.1
06.Jun.23 9731.85 9731.85 9731.85
07.Jun.23 9711.4 9711.4 9711.4
08.Jun.23 9654.85 9654.85 9654.85
09.Jun.23 9626.85 9626.85 9626.85
12.Jun.23 9549.45 9549.45 9549.45
13.Jun.23 9521.55 9521.55 9521.55
14.Jun.23 9532.7 9532.7 9532.7
15.Jun.23 9591.35 9591.35 9591.35
16.Jun.23 9602.6 9602.6 9602.6
19.Jun.23 9526.9 9526.9 9526.9
20.Jun.23 9496.25 9496.25 9496.25
21.Jun.23 9437.45 9437.45 9437.45
22.Jun.23 9391.05 9391.05 9391.05
23.Jun.23 9323.55 9323.55 9323.55
26.Jun.23 9465.2 9465.2 9465.2
27.Jun.23 9458.3 9458.3 9458.3
28.Jun.23 9540.5 9540.5 9540.5
30.Jun.23 9786.75 9786.75 9786.75
03.Jul.23 9672.55 9672.55 9672.55
04.Jul.23 9646.25 9646.25 9646.25
05.Jul.23 9994.5 9994.5 9994.5
06.Jul.23 9854.7 9854.7 9854.7
07.Jul.23 9850.5 9850.5 9850.5
10.Jul.23 9737.55 9737.55 9737.55
11.Jul.23 9899.9 9899.9 9899.9
12.Jul.23 9836.2 9836.2 9836.2
13.Jul.23 9653.2 9653.2 9653.2
14.Jul.23 9603.8 9603.8 9603.8
17.Jul.23 9687.95 9687.95 9687.95
18.Jul.23 9669.3 9669.3 9669.3
19.Jul.23 9606.75 9606.75 9606.75
20.Jul.23 9774.85 9774.85 9774.85
21.Jul.23 9768.1 9768.1 9768.1
24.Jul.23 9694.7 9694.7 9694.7
25.Jul.23 9760.95 9760.95 9760.95
26.Jul.23 9756.35 9756.35 9756.35
27.Jul.23 9748.65 9748.65 9748.65
28.Jul.23 9668.9 9668.9 9668.9
31.Jul.23 9819.55 9819.55 9819.55
01.Aug.23 9715.25 9715.25 9715.25
02.Aug.23 9650.4 9650.4 9650.4
03.Aug.23 9542.05 9542.05 9542.05
04.Aug.23 9463.3 9463.3 9463.3
07.Aug.23 9515.6 9515.6 9515.6
08.Aug.23 9544 9544 9544
09.Aug.23 9463.35 9463.35 9463.35
10.Aug.23 9397.1 9397.1 9397.1
11.Aug.23 9355.25 9355.25 9355.25
14.Aug.23 9313.45 9313.45 9313.45
16.Aug.23 9418.75 9418.75 9418.75
17.Aug.23 9372 9372 9372
18.Aug.23 9464.1 9464.1 9464.1
21.Aug.23 9435.75 9435.75 9435.75
22.Aug.23 9493.45 9493.45 9493.45
23.Aug.23 9597.75 9597.75 9597.75
24.Aug.23 9570.2 9570.2 9570.2
25.Aug.23 9508.5 9508.5 9508.5
28.Aug.23 9595.05 9595.05 9595.05
29.Aug.23 9620.1 9620.1 9620.1
30.Aug.23 9764.4 9764.4 9764.4
31.Aug.23 10007.1 10007.1 10007.1
01.Sep.23 10331.8 10331.8 10331.8
04.Sep.23 10362.2 10362.2 10362.2
05.Sep.23 10266.3 10266.3 10266.3
06.Sep.23 10201.1 10201.1 10201.1
07.Sep.23 10283.2 10283.2 10283.2
08.Sep.23 10332.55 10332.55 10332.55
11.Sep.23 10534.9 10534.9 10534.9
12.Sep.23 10502.8 10502.8 10502.8
13.Sep.23 10473.85 10473.85 10473.85
14.Sep.23 10489.3 10489.3 10489.3
15.Sep.23 10527.85 10527.85 10527.85
18.Sep.23 10522.35 10522.35 10522.35
20.Sep.23 10348.45 10348.45 10348.45
21.Sep.23 10296 10296 10296
22.Sep.23 10536.45 10536.45 10536.45
25.Sep.23 10586.25 10586.25 10586.25
26.Sep.23 10549.6 10549.6 10549.6
27.Sep.23 10675 10675 10675
28.Sep.23 10566.95 10566.95 10566.95
29.Sep.23 10601.7 10601.7 10601.7
9807.701786 9690.943431 9702.369664

RELATIVE ERROR 0.989260265

% OF RELATIVE 98.926
Ashok Leyland
Date Close Price ABSOLUTE ERROR ABSOLUTE RELATIVE ERROR

01.Jun.23 147.1 -27.48214286 27.48214286

02.Jun.23 146.2 146.2 146.2
05.Jun.23 149 149 149
06.Jun.23 150.1 150.1 150.1
07.Jun.23 151.9 151.9 151.9
08.Jun.23 153.05 153.05 153.05
09.Jun.23 152.3 152.3 152.3
12.Jun.23 152.9 152.9 152.9
13.Jun.23 154 154 154
14.Jun.23 156.35 156.35 156.35
15.Jun.23 157.35 157.35 157.35
16.Jun.23 164.4 164.4 164.4
19.Jun.23 167.95 167.95 167.95
20.Jun.23 167.35 167.35 167.35
21.Jun.23 163.85 163.85 163.85
22.Jun.23 164.05 164.05 164.05
23.Jun.23 161.6 161.6 161.6
26.Jun.23 164.3 164.3 164.3
27.Jun.23 163.65 163.65 163.65
28.Jun.23 165.95 165.95 165.95
30.Jun.23 167.35 167.35 167.35
03.Jul.23 167.2 167.2 167.2
04.Jul.23 163.1 163.1 163.1
05.Jul.23 165.15 165.15 165.15
06.Jul.23 165.2 165.2 165.2
07.Jul.23 163.6 163.6 163.6
10.Jul.23 163.2 163.2 163.2
11.Jul.23 166.5 166.5 166.5
12.Jul.23 169.75 169.75 169.75
13.Jul.23 170.3 170.3 170.3
14.Jul.23 171.7 171.7 171.7
17.Jul.23 172.4 172.4 172.4
18.Jul.23 173.4 173.4 173.4
19.Jul.23 173.2 173.2 173.2
20.Jul.23 175.65 175.65 175.65
21.Jul.23 181.9 181.9 181.9
24.Jul.23 182.4 182.4 182.4
25.Jul.23 182.85 182.85 182.85
26.Jul.23 181.15 181.15 181.15
27.Jul.23 181.95 181.95 181.95
28.Jul.23 179.3 179.3 179.3
31.Jul.23 184 184 184
01.Aug.23 184.25 184.25 184.25
02.Aug.23 180.55 180.55 180.55
03.Aug.23 180.95 180.95 180.95
04.Aug.23 182.5 182.5 182.5
07.Aug.23 183.05 183.05 183.05
08.Aug.23 183.65 183.65 183.65
09.Aug.23 187.5 187.5 187.5
10.Aug.23 186.25 186.25 186.25
11.Aug.23 187.1 187.1 187.1
14.Aug.23 186.9 186.9 186.9
16.Aug.23 188.5 188.5 188.5
17.Aug.23 188.95 188.95 188.95
18.Aug.23 186.35 186.35 186.35
21.Aug.23 186.9 186.9 186.9
22.Aug.23 187.95 187.95 187.95
23.Aug.23 187.7 187.7 187.7
24.Aug.23 185.85 185.85 185.85
25.Aug.23 186.05 186.05 186.05
28.Aug.23 187.55 187.55 187.55
29.Aug.23 188.15 188.15 188.15
30.Aug.23 187.8 187.8 187.8
31.Aug.23 183.7 183.7 183.7
01.Sep.23 184.15 184.15 184.15
04.Sep.23 183.7 183.7 183.7
05.Sep.23 183.4 183.4 183.4
06.Sep.23 182.15 182.15 182.15
07.Sep.23 182 182 182
08.Sep.23 183.55 183.55 183.55
11.Sep.23 184.8 184.8 184.8
12.Sep.23 179.85 179.85 179.85
13.Sep.23 179.5 179.5 179.5
14.Sep.23 179.85 179.85 179.85
15.Sep.23 183.1 183.1 183.1
18.Sep.23 183.6 183.6 183.6
20.Sep.23 182.2 182.2 182.2
21.Sep.23 179.15 179.15 179.15
22.Sep.23 178.75 178.75 178.75
25.Sep.23 182.55 182.55 182.55
26.Sep.23 179.45 179.45 179.45
27.Sep.23 179.3 179.3 179.3
28.Sep.23 174.15 174.15 174.15
29.Sep.23 176.95 176.95 176.95
174.5821429 172.503784 173.1581207
RELATIVE ERROR 0.991843254
% RELATIVE ERROR 99.18432545
Honda
Date Close Price ABSOLUTE ERROR ABSOLUTE ERROR MODULUS

01.Jun.23 2178.7 -185.9178571 185.9178571

02.Jun.23 2141.45 2141.45 2141.45
05.Jun.23 2157.2 2157.2 2157.2
06.Jun.23 2171.45 2171.45 2171.45
07.Jun.23 2183.8 2183.8 2183.8
08.Jun.23 2175.35 2175.35 2175.35
09.Jun.23 2154.4 2154.4 2154.4
12.Jun.23 2178.05 2178.05 2178.05
13.Jun.23 2183.15 2183.15 2183.15
14.Jun.23 2148.05 2148.05 2148.05
15.Jun.23 2177.65 2177.65 2177.65
16.Jun.23 2186.5 2186.5 2186.5
19.Jun.23 2196.6 2196.6 2196.6
20.Jun.23 2203.65 2203.65 2203.65
21.Jun.23 2198.6 2198.6 2198.6
22.Jun.23 2210.9 2210.9 2210.9
23.Jun.23 2195.8 2195.8 2195.8
26.Jun.23 2191.1 2191.1 2191.1
27.Jun.23 2189.6 2189.6 2189.6
28.Jun.23 2227.55 2227.55 2227.55
30.Jun.23 2226.9 2226.9 2226.9
03.Jul.23 2184.05 2184.05 2184.05
04.Jul.23 2167.5 2167.5 2167.5
05.Jul.23 2167 2167 2167
06.Jul.23 2196.45 2196.45 2196.45
07.Jul.23 2192 2192 2192
10.Jul.23 2165.2 2165.2 2165.2
11.Jul.23 2165.85 2165.85 2165.85
12.Jul.23 2165.45 2165.45 2165.45
13.Jul.23 2160.9 2160.9 2160.9
14.Jul.23 2170.05 2170.05 2170.05
17.Jul.23 2150.3 2150.3 2150.3
18.Jul.23 2167.85 2167.85 2167.85
19.Jul.23 2173.2 2173.2 2173.2
20.Jul.23 2159.05 2159.05 2159.05
21.Jul.23 2154.5 2154.5 2154.5
24.Jul.23 2121.85 2121.85 2121.85
25.Jul.23 2150.3 2150.3 2150.3
26.Jul.23 2142.5 2142.5 2142.5
27.Jul.23 2160.5 2160.5 2160.5
28.Jul.23 2168.8 2168.8 2168.8
31.Jul.23 2191.8 2191.8 2191.8
01.Aug.23 2179.5 2179.5 2179.5
02.Aug.23 2214.6 2214.6 2214.6
03.Aug.23 2228.25 2228.25 2228.25
04.Aug.23 2191.05 2191.05 2191.05
07.Aug.23 2213 2213 2213
08.Aug.23 2203.95 2203.95 2203.95
 09.Aug.23 2222.5 2222.5 2222.5
10.Aug.23 2332.4 2332.4 2332.4
11.Aug.23 2337.4 2337.4 2337.4
14.Aug.23 2305.35 2305.35 2305.35
16.Aug.23 2263.55 2263.55 2263.55
17.Aug.23 2284.05 2284.05 2284.05
18.Aug.23 2304.2 2304.2 2304.2
21.Aug.23 2325.15 2325.15 2325.15
22.Aug.23 2346.7 2346.7 2346.7
23.Aug.23 2507.1 2507.1 2507.1
24.Aug.23 2547.3 2547.3 2547.3
25.Aug.23 2613.95 2613.95 2613.95
28.Aug.23 2630.3 2630.3 2630.3
29.Aug.23 2589.6 2589.6 2589.6
30.Aug.23 2642.9 2642.9 2642.9
31.Aug.23 2630.95 2630.95 2630.95
01.Sep.23 2635.15 2635.15 2635.15
04.Sep.23 2658.9 2658.9 2658.9
05.Sep.23 2774.05 2774.05 2774.05
06.Sep.23 2790.1 2790.1 2790.1
07.Sep.23 2862.45 2862.45 2862.45
08.Sep.23 2878.65 2878.65 2878.65
11.Sep.23 2902.95 2902.95 2902.95
12.Sep.23 2682.85 2682.85 2682.85
13.Sep.23 2670.3 2670.3 2670.3
14.Sep.23 2739.05 2739.05 2739.05
15.Sep.23 2760.6 2760.6 2760.6
18.Sep.23 2763.55 2763.55 2763.55
20.Sep.23 2672.15 2672.15 2672.15
21.Sep.23 2723.45 2723.45 2723.45
22.Sep.23 2667.6 2667.6 2667.6
25.Sep.23 2714.2 2714.2 2714.2
26.Sep.23 2738.5 2738.5 2738.5
27.Sep.23 2882.95 2882.95 2882.95
28.Sep.23 2830.8 2830.8 2830.8
29.Sep.23 2814.35 2814.35 2814.35
2364.617857 2336.467645 2340.89426

RELATIVE ERROR 0.98996726 0.98996726

% OF ERROR 98.99672597 98.99672597
BSE 500
Date Close ABSOLUTE ERROR ABSOLUTE ERROR MODULUS

01.Jun.23 25042.42 -1569.169881 1569.169881

02.Jun.23 25122.99 25122.99 25122.99
05.Jun.23 25201.2 25201.2 25201.2
06.Jun.23 25233.59 25233.59 25233.59
07.Jun.23 25431.1 25431.1 25431.1
08.Jun.23 25296.57 25296.57 25296.57
09.Jun.23 25224.55 25224.55 25224.55
12.Jun.23 25302.89 25302.89 25302.89
13.Jun.23 25496.65 25496.65 25496.65
14.Jun.23 25549.04 25549.04 25549.04
15.Jun.23 25502.55 25502.55 25502.55
16.Jun.23 25698.79 25698.79 25698.79
19.Jun.23 25631.66 25631.66 25631.66
20.Jun.23 25716.36 25716.36 25716.36
21.Jun.23 25789.55 25789.55 25789.55
22.Jun.23 25621.85 25621.85 25621.85
23.Jun.23 25419.56 25419.56 25419.56
26.Jun.23 25506.62 25506.62 25506.62
27.Jun.23 25660.64 25660.64 25660.64
28.Jun.23 25841.24 25841.24 25841.24
30.Jun.23 26078.65 26078.65 26078.65
03.Jul.23 26230.37 26230.37 26230.37
04.Jul.23 26278.33 26278.33 26278.33
05.Jul.23 26343.66 26343.66 26343.66
06.Jul.23 26497.12 26497.12 26497.12
07.Jul.23 26294.33 26294.33 26294.33
10.Jul.23 26276.81 26276.81 26276.81
11.Jul.23 26422.79 26422.79 26422.79
12.Jul.23 26408 26408 26408
13.Jul.23 26391.97 26391.97 26391.97
14.Jul.23 26612.59 26612.59 26612.59
17.Jul.23 26780.18 26780.18 26780.18
18.Jul.23 26786.23 26786.23 26786.23
19.Jul.23 26910.77 26910.77 26910.77
20.Jul.23 27045.09 27045.09 27045.09
21.Jul.23 26816.71 26816.71 26816.71
24.Jul.23 26758.33 26758.33 26758.33
25.Jul.23 26808.31 26808.31 26808.31
26.Jul.23 26934.87 26934.87 26934.87
27.Jul.23 26851.51 26851.51 26851.51
28.Jul.23 26893.17 26893.17 26893.17
31.Jul.23 27069.01 27069.01 27069.01
01.Aug.23 27054.6 27054.6 27054.6
02.Aug.23 26752.71 26752.71 26752.71
03.Aug.23 26617.02 26617.02 26617.02
04.Aug.23 26800.55 26800.55 26800.55
07.Aug.23 26901.04 26901.04 26901.04
08.Aug.23 26888.29 26888.29 26888.29
09.Aug.23 26969.85 26969.85 26969.85
10.Aug.23 26875.85 26875.85 26875.85
11.Aug.23 26747.06 26747.06 26747.06
14.Aug.23 26692.04 26692.04 26692.04
16.Aug.23 26740.32 26740.32 26740.32
17.Aug.23 26655.59 26655.59 26655.59
18.Aug.23 26584.59 26584.59 26584.59
21.Aug.23 26735.62 26735.62 26735.62
22.Aug.23 26821.65 26821.65 26821.65
23.Aug.23 26892.81 26892.81 26892.81
24.Aug.23 26858.29 26858.29 26858.29
25.Aug.23 26690.68 26690.68 26690.68
28.Aug.23 26774.43 26774.43 26774.43
29.Aug.23 26859.95 26859.95 26859.95
30.Aug.23 26923.17 26923.17 26923.17
31.Aug.23 26848.76 26848.76 26848.76
01.Sep.23 27079.48 27079.48 27079.48
04.Sep.23 27237.14 27237.14 27237.14
05.Sep.23 27353.85 27353.85 27353.85
06.Sep.23 27401.79 27401.79 27401.79
07.Sep.23 27558.08 27558.08 27558.08
08.Sep.23 27718.99 27718.99 27718.99
11.Sep.23 27976.63 27976.63 27976.63
12.Sep.23 27677.59 27677.59 27677.59
13.Sep.23 27781.84 27781.84 27781.84
14.Sep.23 27904.05 27904.05 27904.05
15.Sep.23 28008.55 28008.55 28008.55
18.Sep.23 27917.97 27917.97 27917.97
20.Sep.23 27661.22 27661.22 27661.22
21.Sep.23 27428.96 27428.96 27428.96
22.Sep.23 27356.12 27356.12 27356.12
25.Sep.23 27373.48 27373.48 27373.48
26.Sep.23 27374.02 27374.02 27374.02
27.Sep.23 27479.02 27479.02 27479.02
28.Sep.23 27213.53 27213.53 27213.53
29.Sep.23 27407.75 27407.75 27407.75
26611.58988 26294.78524 26332.14643

RELATIVE ERROR 0.989499182

% OF RELA TIVE ERROR 98.9
Hero MotorCorp
Date Close Price ABSOLUTE ERROR ABSOLUTE ERROR MODULUS
01.Jun.23 2800.95 -188.2089286 188.2089286
02.Jun.23 2891.95 2891.95 2891.95
05.Jun.23 2869.05 2869.05 2869.05
06.Jun.23 2903.55 2903.55 2903.55
07.Jun.23 2957.35 2957.35 2957.35
08.Jun.23 2965.65 2965.65 2965.65
09.Jun.23 2899.3 2899.3 2899.3
12.Jun.23 2928.8 2928.8 2928.8
13.Jun.23 2952.5 2952.5 2952.5
14.Jun.23 2930.2 2930.2 2930.2
15.Jun.23 2842.7 2842.7 2842.7
16.Jun.23 2831.25 2831.25 2831.25
19.Jun.23 2782.45 2782.45 2782.45
20.Jun.23 2800.1 2800.1 2800.1
21.Jun.23 2823.35 2823.35 2823.35
22.Jun.23 2823.7 2823.7 2823.7
23.Jun.23 2779.55 2779.55 2779.55
26.Jun.23 2850.5 2850.5 2850.5
27.Jun.23 2843.25 2843.25 2843.25
28.Jun.23 2828.75 2828.75 2828.75
30.Jun.23 2909.4 2909.4 2909.4
03.Jul.23 2899.55 2899.55 2899.55
04.Jul.23 3028.55 3028.55 3028.55
05.Jul.23 3156.45 3156.45 3156.45
06.Jul.23 3171.25 3171.25 3171.25
07.Jul.23 3147.45 3147.45 3147.45
10.Jul.23 3124.25 3124.25 3124.25
11.Jul.23 3099.75 3099.75 3099.75
12.Jul.23 3075 3075 3075
13.Jul.23 3075.95 3075.95 3075.95
14.Jul.23 3135.05 3135.05 3135.05
17.Jul.23 3091.6 3091.6 3091.6
18.Jul.23 3116 3116 3116
19.Jul.23 3098.25 3098.25 3098.25
20.Jul.23 3087.45 3087.45 3087.45
21.Jul.23 3100.15 3100.15 3100.15
24.Jul.23 3134.05 3134.05 3134.05
25.Jul.23 3137.45 3137.45 3137.45
26.Jul.23 3144.85 3144.85 3144.85
27.Jul.23 3138.1 3138.1 3138.1
28.Jul.23 3172 3172 3172
31.Jul.23 3203.45 3203.45 3203.45
01.Aug.23 3103 3103 3103
02.Aug.23 2992.85 2992.85 2992.85
03.Aug.23 2951 2951 2951
04.Aug.23 2944.25 2944.25 2944.25
07.Aug.23 2952.75 2952.75 2952.75
08.Aug.23 3067.6 3067.6 3067.6
09.Aug.23 3057.25 3057.25 3057.25
10.Aug.23 3034.3 3034.3 3034.3
11.Aug.23 2995.2 2995.2 2995.2
14.Aug.23 3007.55 3007.55 3007.55
16.Aug.23 2978.7 2978.7 2978.7
17.Aug.23 2993.6 2993.6 2993.6
18.Aug.23 2927.6 2927.6 2927.6
21.Aug.23 2931.35 2931.35 2931.35
22.Aug.23 2956.4 2956.4 2956.4
23.Aug.23 2950.95 2950.95 2950.95
24.Aug.23 2926.4 2926.4 2926.4
25.Aug.23 2911.25 2911.25 2911.25
28.Aug.23 2930.7 2930.7 2930.7
29.Aug.23 2986.6 2986.6 2986.6
30.Aug.23 2952.3 2952.3 2952.3
31.Aug.23 2913.2 2913.2 2913.2
01.Sep.23 2927.05 2927.05 2927.05
04.Sep.23 2943.05 2943.05 2943.05
05.Sep.23 2933.35 2933.35 2933.35
06.Sep.23 2936.4 2936.4 2936.4
07.Sep.23 2960.35 2960.35 2960.35
08.Sep.23 3008.55 3008.55 3008.55
11.Sep.23 3052.75 3052.75 3052.75
12.Sep.23 3020.5 3020.5 3020.5
13.Sep.23 2992.1 2992.1 2992.1
14.Sep.23 2998.85 2998.85 2998.85
15.Sep.23 3063.75 3063.75 3063.75
18.Sep.23 3113.8 3113.8 3113.8
20.Sep.23 3056.7 3056.7 3056.7
21.Sep.23 3001.6 3001.6 3001.6
22.Sep.23 3021.75 3021.75 3021.75
25.Sep.23 2973.95 2973.95 2973.95
26.Sep.23 3034.7 3034.7 3034.7
27.Sep.23 3005.25 3005.25 3005.25
28.Sep.23 2972.25 2972.25 2972.25
29.Sep.23 3056.95 3056.95 3056.95
2989.158929 2953.573703 2958.054868

RELATIVE ERROR 0.989594

% OF ERROR 98.95
Mahindra
Date Close Price ABSOLUTE ERROR ABSOLUTE ERROR MODULUS

01.Jun.23 1318.85 -188.1964286 188.1964286

02.Jun.23 1341.05 1341.05 1341.05
05.Jun.23 1394.8 1394.8 1394.8
06.Jun.23 1410.7 1410.7 1410.7
07.Jun.23 1405.75 1405.75 1405.75
08.Jun.23 1380.55 1380.55 1380.55
09.Jun.23 1369.2 1369.2 1369.2
12.Jun.23 1381.05 1381.05 1381.05
13.Jun.23 1372.2 1372.2 1372.2
14.Jun.23 1378.85 1378.85 1378.85
15.Jun.23 1392.75 1392.75 1392.75
16.Jun.23 1403.55 1403.55 1403.55
19.Jun.23 1403.3 1403.3 1403.3
20.Jun.23 1396.1 1396.1 1396.1
21.Jun.23 1373.95 1373.95 1373.95
22.Jun.23 1379.45 1379.45 1379.45
23.Jun.23 1373.05 1373.05 1373.05
26.Jun.23 1397.25 1397.25 1397.25
27.Jun.23 1400.45 1400.45 1400.45
28.Jun.23 1396 1396 1396
30.Jun.23 1453.75 1453.75 1453.75
03.Jul.23 1468.35 1468.35 1468.35
04.Jul.23 1464 1464 1464
05.Jul.23 1475.35 1475.35 1475.35
06.Jul.23 1548.7 1548.7 1548.7
07.Jul.23 1563.8 1563.8 1563.8
10.Jul.23 1550.7 1550.7 1550.7
11.Jul.23 1569.4 1569.4 1569.4
12.Jul.23 1569.4 1569.4 1569.4
13.Jul.23 1566.6 1566.6 1566.6
14.Jul.23 1546.5 1546.5 1546.5
17.Jul.23 1536.25 1536.25 1536.25
18.Jul.23 1535.55 1535.55 1535.55
19.Jul.23 1543.7 1543.7 1543.7
20.Jul.23 1544.7 1544.7 1544.7
21.Jul.23 1522.55 1522.55 1522.55
24.Jul.23 1547 1547 1547
25.Jul.23 1566.25 1566.25 1566.25
26.Jul.23 1545.55 1545.55 1545.55
27.Jul.23 1446.85 1446.85 1446.85
28.Jul.23 1467.6 1467.6 1467.6
31.Jul.23 1475.95 1475.95 1475.95
01.Aug.23 1493.25 1493.25 1493.25
02.Aug.23 1485.8 1485.8 1485.8
03.Aug.23 1468.35 1468.35 1468.35
04.Aug.23 1465.05 1465.05 1465.05
07.Aug.23 1526.75 1526.75 1526.75
08.Aug.23 1499.55 1499.55 1499.55
09.Aug.23 1534.85 1534.85 1534.85
10.Aug.23 1545.6 1545.6 1545.6
11.Aug.23 1546.15 1546.15 1546.15
14.Aug.23 1546.45 1546.45 1546.45
16.Aug.23 1570.35 1570.35 1570.35
17.Aug.23 1572.8 1572.8 1572.8
18.Aug.23 1552.25 1552.25 1552.25
21.Aug.23 1538.7 1538.7 1538.7
22.Aug.23 1550.3 1550.3 1550.3
23.Aug.23 1542.25 1542.25 1542.25
24.Aug.23 1542.6 1542.6 1542.6
25.Aug.23 1520.05 1520.05 1520.05
28.Aug.23 1549.65 1549.65 1549.65
29.Aug.23 1559.5 1559.5 1559.5
30.Aug.23 1583.4 1583.4 1583.4
31.Aug.23 1576.1 1576.1 1576.1
01.Sep.23 1591.5 1591.5 1591.5
04.Sep.23 1576.05 1576.05 1576.05
05.Sep.23 1570.5 1570.5 1570.5
06.Sep.23 1577.75 1577.75 1577.75
07.Sep.23 1566.05 1566.05 1566.05
08.Sep.23 1567.7 1567.7 1567.7
11.Sep.23 1582.1 1582.1 1582.1
12.Sep.23 1557.6 1557.6 1557.6
13.Sep.23 1536.8 1536.8 1536.8
14.Sep.23 1566.05 1566.05 1566.05
15.Sep.23 1600.9 1600.9 1600.9
18.Sep.23 1641.3 1641.3 1641.3
20.Sep.23 1634.05 1634.05 1634.05
21.Sep.23 1583.8 1583.8 1583.8
22.Sep.23 1607.8 1607.8 1607.8
25.Sep.23 1588.95 1588.95 1588.95
26.Sep.23 1595.4 1595.4 1595.4
27.Sep.23 1590.15 1590.15 1590.15
28.Sep.23 1556.7 1556.7 1556.7
29.Sep.23 1553.65 1553.65 1553.65
1507.046429 1489.1054 1493.586267

RELATIVE ERROR 0.991068516

% OF RELATIVE ERROR 99.10685157

Graphs
Maruti Suzuki

y = 0.0026x + 0.0443

0 R² = 0.0035

Ashok Leyland

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 67R7²0=703.07568579 82 85
-1

-2

Honda
 10

5
y = -0.0058x + 0.4055
7 70 73 76 7
R² = 0.0032
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 6 9 82 85
-5

-10

-15

Hero

1
0 y = -0.0028x + 0.1742

-1 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 67R7²0=703.0706279 82 85

-2

-3

-4

Mahindra
6

0 y = -0.0098x + 0.5801

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 67R7²0= 703.07261479 82 85
-2

-4

-6

BSE 500

1.5

0.5

0 y = -0.0048x + 0.2808

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 67R²70= 703.07368479 82 85
-0.5

-1

-1.5

-2

-2.5
Balance Sheet of Ashok Leyland Mar 19 Mar 20 Mar 21 Mar 22 Mar 23
12 mths 12 mths 12 mths 12 mths 12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 293.55 293.55 293.55 293.55 293.61
Total Share Capital 293.55 293.55 293.55 293.55 293.61
Reserves and Surplus 8,031.75 6,947.25 6,683.65 7,043.35 8,094.32
Total Reserves and Surplus 8,031.75 6,947.25 6,683.65 7,043.35 8,094.32
Total Shareholders Funds 8,332.43 7,263.99 6,977.20 7,336.90 8,425.80
NON-CURRENT LIABILITIES
Long Term Borrowings 298.40 1,353.86 2,558.01 2,850.61 1,766.23
Deferred Tax Liabilities [Net] 249.73 264.82 384.29 144.36 503.51
Other Long Term Liabilities 305.25 327.32 67.00 254.41 304.07
Long Term Provisions 249.63 180.69 189.57 200.21 519.22
Total Non-Current Liabilities 1,103.01 2,126.69 3,198.87 3,449.59 3,093.03
CURRENT LIABILITIES
Short Term Borrowings 100.00 1,710.97 1,158.24 656.49 1,413.87
Trade Payables 5,018.93 2,623.91 5,164.69 6,875.23 7,175.12
Other Current Liabilities 2,867.26 2,039.20 1,485.95 1,545.32 1,964.49
Short Term Provisions 802.77 624.85 464.96 470.25 519.32
Total Current Liabilities 8,788.96 6,998.93 8,273.84 9,547.29 11,072.80
Total Capital And Liabilities 18,224.40 16,389.61 18,449.91 20,333.78 22,591.63
ASSETS
NON-CURRENT ASSETS
Tangible Assets 4,805.98 5,443.12 5,599.20 5,273.70 4,984.83
Intangible Assets 808.53 1,360.45 1,451.19 1,327.20 1,319.32
Capital Work-In-Progress 274.64 420.97 228.78 111.11 48.95
Other Assets 0.00 0.00 0.00 0.00 0.00
Fixed Assets 6,272.13 7,397.71 7,422.24 6,795.17 6,436.67
Non-Current Investments 2,636.50 2,719.63 3,068.72 3,521.58 3,892.18
Deferred Tax Assets [Net] 0.00 0.00 0.00 0.00 0.00
Long Term Loans And Advances 31.71 32.42 20.50 0.00 0.00
Other Non-Current Assets 1,097.72 816.36 486.92 495.22 559.16
Total Non-Current Assets 10,038.06 10,966.12 10,998.38 10,811.97 10,888.01
CURRENT ASSETS
Current Investments 0.00 0.00 0.00 1,298.05 2,771.42
Inventories 2,684.67 1,238.00 2,142.29 2,075.20 2,774.48
Trade Receivables 2,505.53 1,179.82 2,816.00 3,111.02 4,062.08
Cash And Cash Equivalents 1,373.59 1,322.47 822.95 1,046.96 501.29
Short Term Loans And Advances 22.46 23.00 20.62 0.00 0.00
OtherCurrentAssets 1,600.09 1,660.20 1,649.67 1,990.58 1,594.35
Total Current Assets 8,186.34 5,423.49 7,451.53 9,521.81 11,703.62
Total Assets 18,224.40 16,389.61 18,449.91 20,333.78 22,591.63
 COMPARATIVE ANALYSIS COMMON SIZE
Mär.20 Mär.21 Mär.22 Mär.23 Mär.19 Mär.20 Mär.21 Mär.22 Mär.23

0 0 0.053818 0.149215 0.016108 0.017911 0.015911 0.014437 0.012996

0 0 0.053818 0.149215 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
-0.13503 -0.03794 0.051554 0.148414 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
-0.13503 -0.03794 #DIV/0! #DIV/0! 1.671199 1.276336 1.193679 1.335561 1.623791
-0.12823 -0.03948 0.114386 -0.3804 10.30565 5.339402 4.807916 5.528104 6.386472
#DIV/0! #DIV/0! -0.62435 2.487878 0 0 0 0 0
3.537064 0.88942 2.797164 0.195197 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
0.060425 0.451137 0.056127 1.593377 0.039816 0.035798 0.051775 0.021245 0.078225
0.072301 -0.79531 0.078378 -0.10336 0.115778 0.120355 0.021833 0.072243 0.078123
-0.27617 0.049145 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
0.928079 0.504154 -0.4332 1.153681 34.7843 65.59809 156.0424 #DIV/0! #DIV/0!
#DIV/0! #DIV/0! 0.331199 0.043619 0 0 0 0 0
16.1097 -0.32305 0.039954 0.271251 0.009962 0.156023 0.10531 0.060719 0.129856
-0.4772 0.968318 0.011377 0.104349 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
-0.2888 -0.27131 0.153913 0.159785 #DIV/0! #DIV/0! #DIV/0! 1.190493 0.708839
-0.22163 -0.25589 0.102107 0.111039 0.29902 0.504725 0.217039 0.226605 0.187177
-0.20367 0.182158 #DIV/0! #DIV/0! 3.507825 5.932202 2.938153 3.068862 2.725894
-0.10068 0.125708 #DIV/0! #DIV/0! 13.26771 12.39318 22.41924 19.42174 45.06699

0.132572 0.028675 -0.51434 -0.55945 0.263711 0.332108 0.303481 0.259357 0.220649

0.682622 0.066699 #DIV/0! #DIV/0! 0.044365 0.083007 0.078656 0.065271 0.058399
0.532807 -0.45654 -0.08449 -0.05276 0.01507 0.025685 0.0124 0.005464 0.002167
#DIV/0! #DIV/0! 0.147573 0.105237 0 0 0 0 0
0.179457 0.003316 #DIV/0! #DIV/0! 0.344161 0.451366 0.402291 0.334181 0.284914
0.03153 0.128359 -1 #DIV/0! 0.144669 0.165936 0.166327 0.173189 0.172284
#DIV/0! #DIV/0! 0.017046 0.129114 0 0 0 0 0
0.02239 -0.36767 -0.01695 0.007033 0.00174 0.001978 0.001111 0 0
-0.25631 -0.40355 #DIV/0! #DIV/0! 0.060234 0.04981 0.026391 0.024355 0.024751
0.092454 0.002942 #DIV/0! 1.135064 0.550803 0.66909 0.596121 0.531725 0.481949
#DIV/0! #DIV/0! -0.03132 0.33697 0 0 0 0 0
#DIV/0! #DIV/0! 0.104766 0.305707 0 0 0 0.063837 0.122675
-0.53886 0.730444 0.272204 -0.52119 0.147312 0.075536 0.116114 0.102057 0.12281
-0.52911 1.386805 -1 #DIV/0! 0.137482 0.071986 0.152629 0.152998 0.179805
-0.03722 -0.37772 0.206653 -0.19905 0.075371 0.08069 0.044605 0.051489 0.022189
0.024043 -0.10348 0.277833 0.229138 0.001232 0.001403 0.001118 0 0
0.037567 -0.00634 0.102107 0.111039 0.087799 0.101296 0.089413 0.097895 0.070573
-0.3375 0.373936 #DIV/0! #DIV/0! 0.449197 0.33091 0.403879 0.468275 0.518051
-0.10068 0.125708 #DIV/0! #DIV/0! 1 1 1 1 1
TREND ANALYSIS
Mär.19 Mär.20 Mär.21 Mär.22 Mär.23

100 100 100 100 100.0204

100 100 100 100 100.0204
100 86.49734 96.20569 105.3818 114.9215
100 86.49734 96.20569 105.3818 114.9215
100 87.17733 96.05189 105.1554 114.8414
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 453.7064 188.942 111.4386 61.95972
100 106.0425 145.1137 37.56538 348.7878
100 107.2301 20.46927 379.7164 119.5197
100 72.38313 104.9145 105.6127 259.3377
100 192.8079 150.4154 107.8378 89.6637
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 1710.97 67.69493 56.67996 215.3681
100 52.28027 196.8318 133.1199 104.3619
100 71.12016 72.86926 103.9954 127.1251
100 77.83674 74.41146 101.1377 110.4349
100 79.6332 118.2158 115.3913 115.9785
100 89.93223 112.5708 110.2107 111.1039

100 113.2572 102.8675 94.18667 94.52244

100 168.2622 106.6699 91.45598 99.40627
100 153.2807 54.34592 48.56631 44.05544
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 117.9457 100.3316 91.55147 94.72419
100 103.153 112.8359 114.7573 110.5237
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 102.239 63.23257 0 #DIV/0!
100 74.36869 59.64525 101.7046 112.9114
100 109.2454 100.2942 98.30511 100.7033
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 #DIV/0! #DIV/0! #DIV/0! 213.5064
100 46.11368 173.0444 96.8683 133.697
100 47.08864 238.6805 110.4766 130.5707
100 96.27837 62.22825 127.2204 47.88053
100 102.4043 89.65217 0 #DIV/0!
100 103.7567 99.36574 120.6653 80.09475
100 66.25049 137.3936 127.7833 122.9138
100 89.93223 112.5708 110.2107 111.1039
Balance Sheet of Honda India Power Products Mar 19 Mar 20 Mar 21 Mar 22 Mar 23
Mar 19 12 mths 12 mths 12 mths 12 mths 12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS

Equity Share Capital 10.14 10.14 10.14 10.14 10.14

Total Share Capital 10.14 10.14 10.14 10.14 10.14
Reserves and Surplus 506.96 559.47 595.37 659.74 726.60
Total Reserves and Surplus 506.96 559.47 595.37 659.74 726.60
Total Shareholders Funds 517.10 569.61 605.51 669.88 736.74
NON-CURRENT LIABILITIES
Long Term Borrowings 0.00 0.00 0.00 0.00 0.00
Deferred Tax Liabilities [Net] 0.00 0.00 0.00 0.00 0.00
Other Long Term Liabilities 0.00 1.17 1.37 1.14 0.78
Long Term Provisions 0.52 0.39 0.68 0.72 1.20
Total Non-Current Liabilities 0.52 1.56 2.05 1.86 1.98
CURRENT LIABILITIES
Short Term Borrowings 0.00 0.00 0.00 0.00 0.00
Trade Payables 83.14 87.39 114.51 118.91 94.75
Other Current Liabilities 43.84 41.30 52.03 53.77 53.48
Short Term Provisions 10.88 15.44 16.87 17.03 43.19
Total Current Liabilities 137.86 144.13 183.41 189.71 191.42
Total Capital And Liabilities 655.48 715.30 790.97 861.45 930.14
ASSETS
NON-CURRENT ASSETS
Tangible Assets 92.58 96.88 90.62 85.50 89.36
Intangible Assets 1.97 0.73 0.67 1.16 1.85
Capital Work-In-Progress 3.44 1.89 2.47 12.17 8.68
Other Assets 0.00 0.00 0.00 0.00 0.00
Fixed Assets 97.99 99.50 93.76 99.35 100.45
Non-Current Investments 0.00 0.00 0.00 0.00 0.00
Deferred Tax Assets [Net] 3.63 5.31 6.13 7.11 14.57
Long Term Loans And Advances 0.84 1.00 1.03 0.00 0.00
Other Non-Current Assets 60.36 53.14 91.11 131.17 65.60
Total Non-Current Assets 162.82 158.95 192.03 237.63 180.62
CURRENT ASSETS
Current Investments 0.00 0.00 0.00 0.00 0.00
Inventories 111.68 211.05 160.49 176.39 166.95
Trade Receivables 63.69 49.53 82.30 87.11 70.84
Cash And Cash Equivalents 60.96 35.48 135.96 277.33 468.47
Short Term Loans And Advances 160.68 160.68 160.46 0.00 0.00
OtherCurrentAssets 95.65 99.61 59.73 82.99 43.26
Total Current Assets 492.66 556.35 598.94 623.82 749.52
Total Assets 655.48 715.30 790.97 861.45 930.14
 COMPARATIVE ANALYSIS COMMON SIZE ANALYSIS
Mar 20 Mar 21 Mar 22 Mar 23

Mar 19 Mar 20 Mar 21 Mar 22 Mar 23

0 0 0 0 0.01547 0.014176 0.01282 0.011771 0.010902
0 0 0 0 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
0.103578 0.064168 0.108118 0.101343 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
0.103578 0.064168 0.108118 0.101343 5.475913 5.774876 6.569962 7.716257 8.131155
0.101547 0.063026 0.106307 0.099809 262.4873 780.2877 903.7463 577.4828 398.2378
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
#DIV/0! 0.17094 -0.16788 -0.31579 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
-0.25 0.74359 0.058824 0.666667 0.143251 0.073446 0.11093 0.101266 0.082361
2 0.314103 -0.09268 0.064516 0.619048 1.56 1.990291 #DIV/0! #DIV/0!
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
0.051119 0.310333 0.038425 -0.20318 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
-0.05794 0.259806 0.033442 -0.00539 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
0.419118 0.092617 0.009484 1.536113 0.097421 0.073158 0.105116 0.096547 0.2587
0.045481 0.272532 0.034349 0.009014 2.164547 2.909954 2.228554 2.177821 2.702146
0.091261 0.105788 0.089106 0.079738 10.75262 20.16065 5.817667 3.106227 1.985485

0.046446 -0.06462 -0.0565 0.045146 0.14124 0.13544 0.114568 0.099251 0.096072

-0.62944 -0.08219 0.731343 0.594828 0.003005 0.001021 0.000847 0.001347 0.001989
-0.45058 0.306878 3.927126 -0.28677 0.005248 0.002642 0.003123 0.014127 0.009332
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
0.01541 -0.05769 0.05962 0.011072 0.149494 0.139102 0.118538 0.115329 0.107994
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
0.46281 0.154426 0.159869 1.049226 0.005538 0.007423 0.00775 0.008254 0.015664
0.190476 0.03 -1 #DIV/0! 0.001282 0.001398 0.001302 0 0
-0.11962 0.714528 0.439688 -0.49989 0.092085 0.074291 0.115188 0.152267 0.070527
-0.02377 0.208116 0.237463 -0.23991 0.248398 0.222214 0.242778 0.275849 0.194186
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
0.889774 -0.23956 0.099072 -0.05352 0.170379 0.295051 0.202903 0.204759 0.179489
-0.22233 0.661619 0.058445 -0.18678 0.097165 0.069244 0.104049 0.10112 0.076161
-0.41798 2.832018 1.039791 0.689215 0.093001 0.049602 0.17189 0.321934 0.503655
0 -0.00137 -1 #DIV/0! 0.245133 0.224633 0.202865 0 0
0.041401 -0.40036 0.389419 -0.47873 0.145924 0.139256 0.075515 0.096338 0.046509
0.129278 0.076553 0.04154 0.2015 0.751602 0.777786 0.757222 0.724151 0.805814
0.091261 0.105788 0.089106 0.079738 1 1 1 1 1
TREND ANALYSIS

Mar 19 Mar 20 Mar 21 Mar 22 Mar 23

100 100 100 100 100
100 100 100 100 100
100 110.3578 106.4168 110.8118 110.1343
100 110.3578 106.4168 110.8118 110.1343
100 110.1547 106.3026 110.6307 109.9809
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 #DIV/0! 117.094 83.21168 68.42105
100 75 174.359 105.8824 166.6667
100 300 131.4103 90.73171 106.4516
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 105.1119 131.0333 103.8425 79.68211
100 94.2062 125.9806 103.3442 99.46067
100 141.9118 109.2617 100.9484 253.6113
100 104.5481 127.2532 103.4349 100.9014
100 109.1261 110.5788 108.9106 107.9738
#DIV/0!
#DIV/0!
100 104.6446 93.5384 94.35003 104.5146
100 37.05584 91.78082 173.1343 159.4828
100 54.94186 130.6878 492.7126 71.32293
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 101.541 94.23116 105.962 101.1072
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 146.281 115.4426 115.9869 204.9226
100 119.0476 103 0 #DIV/0!
100 88.03844 171.4528 143.9688 50.01144
100 97.62314 120.8116 123.7463 76.00892
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 188.9774 76.04359 109.9072 94.64822
100 77.76731 166.1619 105.8445 81.32247
100 58.2021 383.2018 203.9791 168.9215
100 100 99.86308 0 #DIV/0!
100 104.1401 59.96386 138.9419 52.12676
100 112.9278 107.6553 104.154 120.15
100 109.1261 110.5788 108.9106 107.9738
Balance Sheet of Maruti Suzuki India Mar 19 Mar 20 Mar 21 Mar 22 Mar 23 COMPARATIV
12 mths 12 mths 12 mths 12 mths 12 mths E ANALYSIS
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS Mar 20
Equity Share Capital 151.00 151.00 151.00 151.00 151.00 0
Total Share Capital 151.00 151.00 151.00 151.00 151.00 0
Reserves and Surplus 45,990.50 48,286.00 51,215.80 53,935.00 60,231.00 0.049912
Total Reserves and Surplus 45,990.50 48,286.00 51,215.80 53,935.00 60,231.00 0.049912
Total Shareholders Funds 46,141.50 48,437.00 51,366.80 54,086.00 60,382.00 0.049749
NON-CURRENT LIABILITIES #DIV/0!
Long Term Borrowings 0.00 0.00 0.00 0.00 0.00 #DIV/0!
Deferred Tax Liabilities [Net] 564.00 598.40 384.70 0.00 0.00 0.060993
Other Long Term Liabilities 2,036.50 2,170.30 2,164.50 2,211.30 2,609.80 0.065701
Long Term Provisions 39.50 51.60 44.70 83.30 87.60 0.306329
Total Non-Current Liabilities 2,640.00 2,820.30 2,593.90 2,294.60 2,697.40 0.068295
CURRENT LIABILITIES #DIV/0!
Short Term Borrowings 149.60 106.30 488.80 381.90 1,215.80 -0.28944
Trade Payables 9,633.00 7,494.10 10,161.70 9,761.00 11,780.40 -0.22204
Other Current Liabilities 3,743.30 3,014.80 4,714.60 6,009.50 6,140.70 -0.19461
Short Term Provisions 624.40 679.60 741.60 861.30 962.40 0.088405
Total Current Liabilities 14,150.30 11,294.80 16,106.70 17,013.70 20,099.30 -0.2018
Total Capital And Liabilities 62,931.80 62,552.10 70,067.40 73,394.30 83,178.70 -0.00603
ASSETS
NON-CURRENT ASSETS
Tangible Assets 14,956.70 15,374.50 14,732.80 13,367.40 17,257.00 0.027934
Intangible Assets 451.10 335.80 224.20 349.90 547.90 -0.2556
Capital Work-In-Progress 1,600.10 1,337.40 1,192.30 2,639.10 2,808.10 -0.16418
Other Assets 0.00 0.00 0.00 0.00 0.00 #DIV/0!
Fixed Assets 17,007.90 17,118.60 16,446.80 16,646.70 20,701.90 0.006509
Non-Current Investments 31,469.50 35,248.80 33,371.00 36,663.20 47,756.40 0.120094
Deferred Tax Assets [Net] 0.00 0.00 0.00 202.70 341.10 #DIV/0!
Long Term Loans And Advances 0.20 0.20 0.20 0.20 0.20 0
Other Non-Current Assets 2,092.60 1,757.10 1,722.70 3,100.30 2,779.20 -0.16033
Total Non-Current Assets 50,570.20 54,124.70 51,540.70 56,613.10 71,578.80 0.070288
CURRENT ASSETS #DIV/0!
Current Investments 5,045.50 1,218.80 8,415.70 4,100.10 0.00 -0.75844
Inventories 3,325.70 3,214.90 3,050.00 3,533.10 4,283.80 -0.03332
Trade Receivables 2,310.40 1,974.90 1,276.60 2,030.10 3,295.80 -0.14521
Cash And Cash Equivalents 178.90 21.10 3,036.40 3,036.20 37.70 -0.88206
Short Term Loans And Advances 16.00 16.90 23.00 30.50 29.70 0.05625
OtherCurrentAssets 1,485.10 1,980.80 2,725.00 4,051.20 3,952.90 0.333782
Total Current Assets 12,361.60 8,427.40 18,526.70 16,781.20 11,599.90 -0.31826
Total Assets 62,931.80 62,552.10 70,067.40 73,394.30 83,178.70 -0.00603
 COMMON SIZE ANALYSIS TREND
ANALYSIS

Mar 21 Mar 22 Mar 23 Mar 19 Mar 20 Mar 21 Mar 22 Mar 23 Mar 19

0 0 0 0.002399 0.002414 0.002155 0.002057 0.001815 100
0 0 0 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 100
0.060676 0.053093 0.116733 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 100
0.060676 0.053093 0.116733 3.07491 3.140655 3.476311 4.034816 3.490236 100
0.060487 0.052937 0.116407 102.2866 144.2436 229.1115 154.5756 110.2062 100
#DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0 100
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 100
-0.35712 -1 #DIV/0! 0.033161 0.034956 0.023391 0 0 100
-0.00267 0.021622 0.180211 0.064713 0.061571 0.064862 0.060314 0.054648 100
-0.13372 0.863535 0.051621 #DIV/0! #DIV/0! #DIV/0! 0.410952 0.256816 100
-0.08028 -0.11539 0.175543 13200 14101.5 12969.5 11473 13487 100
#DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0 100
3.598307 -0.2187 2.183556 0.002958 0.001964 0.009484 0.006746 0.016985 100
0.35596 -0.03943 0.206885 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 100
0.563818 0.274657 0.021832 0.741909 2.473581 0.560215 1.465696 #DIV/0! 100
0.09123 0.161408 0.117381 0.18775 0.211391 0.243148 0.24378 0.22466 100
0.426028 0.056312 0.18136 6.12461 5.719176 12.61687 8.38072 6.098459 100
0.120145 0.047481 0.133313 351.7708 2964.555 23.07581 24.17308 2206.332 100

-0.04174 -0.09268 0.290977 0.237665 0.245787 0.210266 0.182131 0.207469 100

-0.33234 0.56066 0.565876 0.007168 0.005368 0.0032 0.004767 0.006587 100
-0.10849 1.213453 0.064037 0.025426 0.021381 0.017016 0.035958 0.03376 100
#DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0 100
-0.03924 0.012154 0.243604 0.270259 0.273669 0.234728 0.226812 0.248885 100
-0.05327 0.098655 0.30257 0.500057 0.563511 0.47627 0.499537 0.574142 100
#DIV/0! #DIV/0! 0.682782 0 0 0 0.002762 0.004101 100
0 0 0 3.18E-06 3.2E-06 2.85E-06 2.73E-06 2.4E-06 100
-0.01958 0.799675 -0.10357 0.033252 0.02809 0.024586 0.042242 0.033412 100
-0.04774 0.098415 0.26435 0.803571 0.865274 0.735587 0.771356 0.860542 100
#DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0 100
5.904906 -0.5128 -1 0.080174 0.019485 0.120109 0.055864 0 100
-0.05129 0.158393 0.212476 0.052846 0.051396 0.04353 0.048139 0.051501 100
-0.35359 0.59024 0.623467 0.036713 0.031572 0.01822 0.02766 0.039623 100
142.9052 -6.6E-05 -0.98758 0.002843 0.000337 0.043335 0.041368 0.000453 100
0.360947 0.326087 -0.02623 0.000254 0.00027 0.000328 0.000416 0.000357 100
0.375707 0.486679 -0.02426 0.023599 0.031666 0.038891 0.055198 0.047523 100
1.198389 -0.09422 -0.30876 0.196429 0.134726 0.264413 0.228644 0.139458 100
0.120145 0.047481 0.133313 1 1 1 1 1 100
Mar 20 Mar 21 Mar 22 Mar 23
100 100 100 100
100 100 100 100
104.9912 106.0676 105.3093 111.6733
104.9912 106.0676 105.3093 111.6733
104.9749 106.0487 105.2937 111.6407
#DIV/0! #DIV/0! #DIV/0! #DIV/0!
#DIV/0! #DIV/0! #DIV/0! #DIV/0!
106.0993 64.2881 0 #DIV/0!
106.5701 99.73276 102.1622 118.0211
130.6329 86.62791 186.3535 105.1621
106.8295 91.97249 88.46139 117.5543
#DIV/0! #DIV/0! #DIV/0! #DIV/0!
71.05615 459.8307 78.13011 318.3556
77.79612 135.596 96.05676 120.6885
80.53856 156.3818 127.4657 102.1832
108.8405 109.123 116.1408 111.7381
79.82022 142.6028 105.6312 118.136
99.39665 112.0145 104.7481 113.3313

102.7934 95.82621 90.73224 129.0977

74.44026 66.76593 156.066 156.5876
83.58228 89.15059 221.3453 106.4037
#DIV/0! #DIV/0! #DIV/0! #DIV/0!
100.6509 96.07561 101.2154 124.3604
112.0094 94.67273 109.8655 130.257
#DIV/0! #DIV/0! #DIV/0! 168.2782
100 100 100 100
83.96731 98.04223 179.9675 89.64294
107.0288 95.22584 109.8415 126.435
#DIV/0! #DIV/0! #DIV/0! #DIV/0!
24.15618 690.4906 48.71965 0
96.66837 94.87076 115.8393 121.2476
85.4787 64.64125 159.024 162.3467
11.7943 14390.52 99.99341 1.241684
105.625 136.0947 132.6087 97.37705
133.3782 137.5707 148.6679 97.57356
68.17402 219.8389 90.57846 69.12438
99.39665 112.0145 104.7481 113.3313
Balance Sheet of Mahindra and Mahindra Mar 19 Mar 20 Mar 21 Mär.22 Mär.23
12 mths 12 mths 12 mths 12 mths 12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS

Equity Share Capital 595.80 596.52 597.39 598.30 599.05

Total Share Capital 595.80 596.52 597.39 598.30 599.05
Reserves and Surplus 33,613.43 33,606.36 33,649.65 38,139.19 42,497.35
Total Reserves and Surplus 33,613.43 33,606.36 33,649.65 38,139.19 42,497.35
Total Shareholders Funds 34,209.23 34,467.84 34,501.92 38,960.95 43,356.73
NON-CURRENT LIABILITIES
Long Term Borrowings 2,031.78 2,032.03 7,070.03 5,678.02 2,331.56
Deferred Tax Liabilities [Net] 634.13 1,408.17 1,343.15 1,700.80 1,470.29
Other Long Term Liabilities 604.92 698.22 585.11 1,057.54 1,374.15
Long Term Provisions 882.93 922.98 955.42 912.66 1,207.09
Total Non-Current Liabilities 4,153.76 5,061.40 9,953.71 9,349.02 6,383.09
CURRENT LIABILITIES
Short Term Borrowings 448.54 900.00 24.74 811.93 2,312.17
Trade Payables 9,678.15 6,785.83 9,988.16 12,893.54 17,145.62
Other Current Liabilities 3,518.71 2,691.43 4,633.79 4,661.21 5,975.37
Short Term Provisions 688.67 595.56 486.48 453.61 606.83
Total Current Liabilities 14,334.07 10,972.82 15,133.17 18,820.29 26,039.99
Total Capital And Liabilities 52,697.06 50,502.06 59,588.80 67,130.26 75,779.81
ASSETS
NON-CURRENT ASSETS
Tangible Assets 7,614.71 7,980.76 7,872.59 12,004.37 13,050.12
Intangible Assets 2,467.04 2,413.83 2,306.76 2,544.25 3,926.08
Capital Work-In-Progress 706.77 1,196.68 1,708.88 1,521.52 950.27
Other Assets 0.00 0.00 0.00 0.00 0.00
Fixed Assets 12,501.54 14,404.05 15,011.51 19,566.79 19,760.82
Non-Current Investments 19,032.07 17,748.48 19,576.60 17,207.75 17,539.06
Deferred Tax Assets [Net] 0.00 0.00 0.00 0.00 0.00
Long Term Loans And Advances 37.55 138.86 1,652.72 960.20 177.45
Other Non-Current Assets 3,054.84 3,069.18 3,035.67 3,477.82 3,658.85
Total Non-Current Assets 34,626.00 35,360.57 39,276.50 41,212.56 41,136.18
CURRENT ASSETS
Current Investments 2,983.96 2,189.65 4,488.47 7,902.06 9,548.01
Inventories 3,839.27 3,400.91 3,955.47 5,882.85 8,881.35
Trade Receivables 3,946.30 2,998.98 2,342.85 3,035.11 4,041.73
Cash And Cash Equivalents 3,731.66 4,236.51 6,255.42 3,650.53 4,481.75
Short Term Loans And Advances 673.40 512.02 756.94 1,845.52 2,176.96
OtherCurrentAssets 2,896.47 1,803.42 2,513.15 3,601.63 5,513.83
Total Current Assets 18,071.06 15,141.49 20,312.30 25,917.70 34,643.63
Total Assets 52,697.06 50,502.06 59,588.80 67,130.26 75,779.81
COMPARATIVE ANALYSIS COMMON SIZE ANALYSIS
Mar 20 Mar 21 Mär.22 Mär.23 Mar 19 Mar 20 Mar 21 Mar22 Mar23

0.001208 0.001458 0.001523 0.001254 0.011306 0.011812 0.010025 0.008913 0.007905

0.001208 0.001458 0.001523 0.001254 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
-0.00021 0.001288 0.13342 0.11427 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
-0.00021 0.001288 0.13342 0.11427 4.414276 4.210922 4.274279 3.177109 3.256472
0.00756 0.000989 0.12924 0.112825 13.86651 14.27932 14.95687 15.31333 11.04326
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
0.000123 2.479294 -0.19689 -0.58937 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
1.220633 -0.04617 0.266277 -0.13553 0.050724 0.097762 0.089475 0.086923 0.074404
0.154235 -0.162 0.807421 0.299383 0.031784 0.03934 0.029888 0.061457 0.078348
0.04536 0.035147 -0.04476 0.322606 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
0.21851 0.966592 -0.06075 -0.31725 110.6194 36.44966 6.022623 9.736534 35.9712
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
1.00651 -0.97251 31.81851 1.847745 0.012954 0.025452 0.00063 0.019701 0.056208
-0.29885 0.471914 0.290882 0.329784 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
-0.23511 0.721683 0.005917 0.281935 1.179208 1.22916 1.032376 0.589873 0.625824
-0.1352 -0.18316 -0.06757 0.337779 0.179375 0.175118 0.122989 0.077107 0.068326
-0.23449 0.37915 0.243645 0.383613 3.632281 3.658851 6.4593 6.200859 6.442783
-0.04165 0.179928 0.126558 0.128847 14.12161 11.92068 9.525947 18.38918 16.90853

0.048071 -0.01355 0.524831 0.087114 0.1445 0.158028 0.132115 0.178822 0.172211

-0.02157 -0.04436 0.102954 0.543119 0.046816 0.047797 0.038711 0.0379 0.051809
0.693168 0.428018 -0.10964 -0.37545 0.013412 0.023696 0.028678 0.022665 0.01254
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
0.152182 0.042173 0.303452 0.009916 0.237234 0.285217 0.251918 0.291475 0.260766
-0.06744 0.103001 -0.121 0.019254 0.36116 0.351441 0.328528 0.256334 0.231448
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
2.698003 10.90206 -0.41902 -0.81519 0.000713 0.00275 0.027735 0.014304 0.002342
0.004694 -0.01092 0.145652 0.052053 0.05797 0.060773 0.050944 0.051807 0.048283
0.021214 0.110743 0.049293 -0.00185 0.657077 0.700181 0.659126 0.613919 0.542838
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
-0.26619 1.049857 0.760524 0.208294 0.056625 0.043358 0.075324 0.117712 0.125997
-0.11418 0.163062 0.48727 0.509702 0.072855 0.067342 0.066379 0.087633 0.117199
-0.24005 -0.21878 0.295478 0.331658 0.074887 0.059383 0.039317 0.045212 0.053335
0.135288 0.47655 -0.41642 0.227698 0.070813 0.083888 0.104976 0.05438 0.059142
-0.23965 0.478341 1.438132 0.179592 0.012779 0.010139 0.012703 0.027492 0.028727
-0.37737 0.393547 0.433114 0.530926 0.054965 0.03571 0.042175 0.053651 0.072761
-0.16211 0.341499 0.275961 0.336678 0.342923 0.299819 0.340874 0.386081 0.457162
-0.04165 0.179928 0.126558 0.128847 1 1 1 1 1
TREND ANALYSIS

100 100.1208 100.1458 100.1523

100 100.1208 100.1458 100.1523
100 99.97897 100.1288 113.342
100 99.97897 100.1288 113.342
100 100.756 100.0989 112.924
100 #DIV/0! #DIV/0! #DIV/0!
100 100.0123 347.9294 80.31112
100 222.0633 95.38266 126.6277
100 115.4235 83.80023 180.7421
100 104.536 103.5147 95.52448
100 121.851 196.6592 93.92498
100 #DIV/0! #DIV/0! #DIV/0!
100 200.651 2.748889 3281.851
100 70.11495 147.1914 129.0882
100 76.48911 172.1683 100.5917
100 86.47974 81.68447 93.2433
100 76.55062 137.915 124.3645
100 95.83468 117.9928 112.6558

100 104.8071 98.64462 152.4831

100 97.84316 95.56431 110.2954
100 169.3168 142.8018 89.03609
100 #DIV/0! #DIV/0! #DIV/0!
100 115.2182 104.2173 130.3452
100 93.25565 110.3001 87.89958
100 #DIV/0! #DIV/0! #DIV/0!
100 369.8003 1190.206 58.09817
100 100.4694 98.90818 114.5652
100 102.1214 111.0743 104.9293
100 #DIV/0! #DIV/0! #DIV/0!
100 73.38068 204.9857 176.0524
100 88.5822 116.3062 148.727
100 75.99473 78.12156 129.5478
100 113.5288 147.655 58.35787
100 76.03505 147.8341 243.8132
100 62.26269 139.3547 143.3114
100 83.78861 134.1499 127.5961
100 95.83468 117.9928 112.6558
Balance Sheet of Hero Motocorp Mär.19 Mar 20 Mar 23 Mar 22 Mar 21
12 mths 12 mths 12 mths 12 mths 12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 39.95 39.95 39.97 39.96 39.96
Total Share Capital 39.95 39.95 39.97 39.96 39.96
Reserves and Surplus 12,807.58 14,081.01 16,629.49 15,718.51 15,139.43
Total Reserves and Surplus 12,807.58 14,081.01 16,629.49 15,718.51 15,139.43
Total Shareholders Funds 12,857.12 14,136.40 16,705.09 15,782.92 15,198.43
NON-CURRENT LIABILITIES
Long Term Borrowings 0.00 0.00 0.00 0.00 0.00
Deferred Tax Liabilities [Net] 536.51 392.83 405.37 383.29 404.09
Other Long Term Liabilities 0.00 121.67 330.58 297.36 275.85
Long Term Provisions 117.20 122.37 198.12 178.07 172.46
Total Non-Current Liabilities 653.71 636.87 934.07 858.72 852.40
CURRENT LIABILITIES
Short Term Borrowings 0.00 0.00 0.00 0.00 0.00
Trade Payables 3,355.28 3,030.51 4,704.46 4,260.34 5,204.61
Other Current Liabilities 716.05 798.99 743.83 651.62 745.24
Short Term Provisions 59.03 146.56 175.69 160.42 160.37
Total Current Liabilities 4,130.36 3,976.06 5,623.98 5,072.38 6,110.22
Total Capital And Liabilities 17,641.19 18,749.33 23,263.14 21,714.02 22,161.05
ASSETS
NON-CURRENT ASSETS
Tangible Assets 4,477.53 5,976.99 5,261.23 5,507.98 5,698.15
Intangible Assets 141.05 140.09 500.19 298.50 290.26
Capital Work-In-Progress 360.67 160.25 128.55 87.32 177.86
Other Assets 0.00 0.00 0.00 0.00 0.00
Fixed Assets 5,160.44 6,458.35 6,225.21 6,264.68 6,425.00
Non-Current Investments 2,801.51 3,528.17 7,372.48 4,814.66 4,308.18
Deferred Tax Assets [Net] 0.00 0.00 0.00 0.00 0.00
Long Term Loans And Advances 59.96 67.27 19.87 59.03 52.23
Other Non-Current Assets 1,503.64 406.98 608.79 460.69 422.85
Total Non-Current Assets 9,525.55 10,460.77 14,226.35 11,599.06 11,208.26
CURRENT ASSETS
Current Investments 3,167.10 4,694.48 3,637.88 5,837.66 6,191.49
Inventories 1,072.37 1,091.97 1,434.09 1,122.65 1,469.55
Trade Receivables 2,821.57 1,603.14 2,798.21 2,304.27 2,426.76
Cash And Cash Equivalents 136.46 241.86 345.50 175.12 257.15
Short Term Loans And Advances 25.03 22.36 23.71 22.81 36.94
OtherCurrentAssets 893.11 634.75 797.40 652.45 570.90
Total Current Assets 8,115.64 8,288.56 9,036.79 10,114.96 10,952.79
Total Assets 17,641.19 18,749.33 23,263.14 21,714.02 22,161.05
COMPARATIVE ANALYSIS COMMON ANALYSIS
Mär.20 Mär.21 Mär.22 Mär.23 Mär.19 Mar 20 Mar 23 Mar 22 Mar 21

0 0.000501 -0.00025 0 0.002265 0.002131 0.001718 0.00184 0.001803

0 0.000501 -0.00025 0 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
0.099428 0.180987 -0.05478 -0.03684 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
0.099428 0.180987 -0.05478 -0.03684 2.860412 2.35587 3.160761 2.85377 2.656903
0.0995 0.181708 -0.0552 -0.03703 91.15292 100.9094 33.39749 52.8741 52.36143
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
-0.2678 0.031922 -0.05447 0.054267 0.103966 0.060825 0.065117 0.061183 0.062893
#DIV/0! 1.717021 -0.10049 -0.07234 0 0.034485 0.04484 0.061761 0.064029
0.044113 0.619024 -0.1012 -0.0315 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
-0.02576 0.466657 -0.08067 -0.00736 10.90243 9.46737 47.00906 14.54718 16.32012
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
-0.09679 0.552366 -0.0944 0.221642 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
0.11583 -0.06904 -0.12397 0.143673 0.22609 0.170198 0.204468 0.111623 0.120365
1.482805 0.198758 -0.08691 -0.00031 0.055046 0.134216 0.12251 0.142894 0.109129
-0.03736 0.414461 -0.09808 0.204606 1.463852 2.48017 2.009849 2.201296 2.517851
0.062815 0.240745 -0.06659 0.020587 129.2774 77.52142 67.33181 123.9951 86.17947

0.334886 -0.11975 0.0469 0.034526 0.253811 0.318784 0.226162 0.25366 0.257125

-0.00681 2.57049 -0.40323 -0.0276 0.007995 0.007472 0.021501 0.013747 0.013098
-0.55569 -0.19782 -0.32073 1.036876 0.020445 0.008547 0.005526 0.004021 0.008026
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
0.251511 -0.0361 0.00634 0.025591 0.292522 0.344458 0.2676 0.288509 0.289923
0.259382 1.089605 -0.34694 -0.1052 0.158805 0.188176 0.316917 0.22173 0.194403
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
0.121915 -0.70462 1.97081 -0.1152 0.003399 0.003588 0.000854 0.002719 0.002357
-0.72934 0.495872 -0.24327 -0.08214 0.085235 0.021706 0.02617 0.021216 0.019081
0.09818 0.359972 -0.18468 -0.03369 0.539961 0.557928 0.61154 0.534174 0.505764
#DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 0
0.482265 -0.22507 0.604687 0.060612 0.179529 0.250381 0.15638 0.268843 0.279386
0.018277 0.313305 -0.21717 0.309001 0.060788 0.05824 0.061646 0.051702 0.066312
-0.43183 0.745456 -0.17652 0.053158 0.159942 0.085504 0.120285 0.106119 0.109506
0.772388 0.428512 -0.49314 0.468422 0.007735 0.0129 0.014852 0.008065 0.011604
-0.10667 0.060376 -0.03796 0.619465 0.001419 0.001193 0.001019 0.00105 0.001667
-0.28928 0.256243 -0.18178 -0.12499 0.050626 0.033855 0.034277 0.030047 0.025761
0.021307 0.090273 0.119309 0.082831 0.460039 0.442072 0.38846 0.465826 0.494236
0.062815 0.240745 -0.06659 0.020587 1 1 1 1 1
TREND ANALYSIS
Mär.19 Mar 20 Mar 23 Mar 22 Mar 21

100 100 100.0501 99.97498 100

100 100 100.0501 99.97498 100
100 109.9428 118.0987 94.5219 96.31594
100 109.9428 118.0987 94.5219 96.31594
100 109.95 118.1708 94.47971 96.29669
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 73.21951 103.1922 94.55312 105.4267
100 #DIV/0! 271.7021 89.951 92.76634
100 104.4113 161.9024 89.87987 96.84955
100 97.42393 146.6657 91.93315 99.26402
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 90.32063 155.2366 90.5596 122.1642
100 111.583 93.09628 87.60335 114.3673
100 248.2805 119.8758 91.30855 99.96883
100 96.26425 141.4461 90.192 120.4606
100 106.2815 124.0745 93.34088 102.0587

100 133.4886 88.02474 104.69 103.4526

100 99.31939 357.049 59.67732 97.23953
100 44.4312 80.21841 67.92688 203.6876
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 125.1511 96.3901 100.634 102.5591
100 125.9382 208.9605 65.30584 89.48046
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 112.1915 29.53768 297.081 88.48043
100 27.06632 149.5872 75.67306 91.78623
100 109.818 135.9972 81.53223 96.63076
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 148.2265 77.49271 160.4687 106.0612
100 101.8277 131.3305 78.28309 130.9001
100 56.8173 174.5456 82.348 105.3158
100 177.2388 142.8512 50.68596 146.8422
100 89.3328 106.0376 96.20413 161.9465
100 71.07187 125.6243 81.82217 87.50096
100 102.1307 109.0273 111.9309 108.2831
100 106.2815 124.0745 93.34088 102.0587
Marginal Costing

Ashok Leyland
Annual Mär.23 Mär.22 Mär.21 Mär.20 Mär.19
Sales 41,672 26,237 19,454 21,951 33,196

Variable Cost 8334.4 5247.4 3890.8 4390.2 6639.2

Contribution 33,338 20,990 15,563 17,561 26,557
Fixed Cost 12501.6 7871.1 5836.2 6585.3 9958.8
Profit 20,836 13,119 9,727 10,976 16,598
P/V Ratio 80 80 80 80 80
Bes 15627 9838.875 7295.25 8231.625 12448.5
MVS 26,045 16,398 12,159 13,719 20,748

Mahindra
Annual Mär.23 Mär.22 Mär.21 Mär.20 Mär.19
Sales 121,268 90,170 74,277 75,381 104,720
Variable Cost 24253.6 18034 14855.4 15076.2 20944
Contribution 97,014 72,136 59,422 60,305 83,776
Fixed Cost 36380.4 27051 22283.1 22614.3 31416
Profit 60,634 45,085 37,139 37,691 52,360
P/V Ratio 80 80 80 80 80
Bes 45475.5 33813.75 27853.88 28267.88 39270
MVS 75,793 56,356 46,423 47,113 65,450

Hero
Annual Mär.23 Mär.22 Mär.21 Mär.20 Mär.19
Sales 9,533 8,851 8,434 8,118 9,158
Variable Cost 1906.6 1770.2 1686.8 1623.6 1831.6
Contribution 7,626 7,081 6,747 6,494 7,326
Fixed Cost 2859.9 2655.3 2530.2 2435.4 2747.4
Profit 4,767 4,426 4,217 4,059 4,579
P/V Ratio 80 80 80 80 80
Bes 3574.875 3319.125 3162.75 3044.25 3434.25
MVS 5,958 5,532 5,271 5,074 5,724
 Honda

Annual Mär.23 Mär.22 Mär.21 Mär.20 Mär.19

Sales 209 313 338 394 200

Variable Cost 41.8 62.6 67.6 78.8 40

Contribution 167 250 270 315 160
Fixed Cost 62.7 93.9 101.4 118.2 60
Profit 105 157 169 197 100
P/V Ratio 80 80 80 80 80
Bes 78.375 117.375 126.75 147.75 75
MVS 131 196 211 246 125
Maruti Suzuki
Annual Mär.23 Mär.22 Mär.21 Mär.20 Mär.19

Sales 117,571 88,329 70,372 75,660 86,068

Variable Cost 23514.2 17665.8 14074.4 15132 17213.6

Contribution 94,057 70,663 56,298 60,528 68,854
Fixed Cost 35271.3 26498.7 21111.6 22698 25820.4
Profit 58,786 44,165 35,186 37,830 43,034
P/V Ratio 80 80 80 80 80
Bes 44089.13 33123.38 26389.5 28372.5 32275.5
MVS 73,482 55,206 43,983 47,288 53,793
Conclusion:
Hence we have successfully calculated the Returns,Absolute error,Absolute
error modulus ,Graphs ,the balance sheet of the respective companies,The
comparative,Common Size and Trend Analysis and the marginal costing of the
respective companies.