Ratios
Liquidity Ratios
Current Ratio
Quick Ratio
Leverage Ratios
Debt-Equity Ratio
Interest Coverage Ratio
Profitability Ratios
Margin Ratios
Gross Profit Margin Ratio
Operating Profit Margin Ratio
Net Profit Margin Ratio
Profitability Ratios
Rate of Return Ratios
Return on equity
Return on assets
Financial Ratios
Valuation Ratios
EPS
Price Earning Ratio
Financial Ratios
Turnover Ratios
Inventory Turnover Ratio
Debtors Turnover ratio
2019-20 2020-21 2021-22
Current Assets / Current liabilities Current Assets / Current liabilities Current Assets / Current liabilities
1.39 1.25 1.70
(Current Assets - Inventory) / Current Liabilities (Current Assets - Inventory) / Current Liabilities (Current Assets - Inventory) / Current Liabilities
0.99 0.88 1.22
Long term Debt / Equity Long term Debt / Equity Long term Debt / Equity
0.14 0.05 0.01
*for long term debt, we have only considered the financial liabilities and not *for long term debt, we have only considered the financial liabilities and not *for long term debt, we have only considered the financial liabilities and not
the provisions and tax liabilities. the provisions and tax liabilities. the provisions and tax liabilities.
(PBIT+Depreciation) / Interest (PBIT+Depreciation) / Interest (PBIT+Depreciation) / Interest
9.68 33.82 15.54
*Interest means the financial liability *Interest means the financial liability *Interest means the financial liability
* given interest expenses were deducted from total income to calculate Profit * given interest expenses were deducted from total income to calculate Profit * given interest expenses were deducted from total income to calculate Profit
before Exceptional items and Tax, we have added back interest expenses to before Exceptional items and Tax, we have added back interest expenses to before Exceptional items and Tax, we have added back interest expenses to
calculate PBIT which is (16097 + 2339 = 18436) calculate PBIT which is (18760 + 709 = 19469) calculate PBIT which is (14832 + 1349 = 16181)
Gross Profit / Net Sales Gross Profit / Net Sales Gross Profit / Net Sales
0.83 0.71 0.66
*for the calculation of Revenues, we have also considered other incomes. *for the calculation of Revenues, we have also considered other incomes. *for the calculation of Revenues, we have also considered other incomes.
*for the calculation of COGS we have considered Cost of Materials Consumed, *for the calculation of COGS we have considered Cost of Materials Consumed, *for the calculation of COGS we have considered Cost of Materials Consumed,
Purchases of Stock-in-Trade, Changes in Inventories of Finished goods, Work- Purchases of Stock-in-Trade, Changes in Inventories of Finished goods, Work- Purchases of Stock-in-Trade, Changes in Inventories of Finished goods, Work-
in-progress and Stock-in-Trade. Therefore, Gross Profit = Revenues from in-progress and Stock-in-Trade. Therefore, Gross Profit = Revenues from in-progress and Stock-in-Trade. Therefore, Gross Profit = Revenues from
operations - ( Cost of Materials Consumed + Purchases of Stock-in-Trade + operations - ( Cost of Materials Consumed + Purchases of Stock-in-Trade + operations - ( Cost of Materials Consumed + Purchases of Stock-in-Trade +
Changes in Inventories of Finished goods, Work-in-progress and Stock-in- Changes in Inventories of Finished goods, Work-in-progress and Stock-in- Changes in Inventories of Finished goods, Work-in-progress and Stock-in-
Trade). Trade). Trade).
= 71968 - (18,383 + 979 + 155) = 52451 = 78693 - (23464+1533-(1483)) = 55179 = 81606 - (26290+2881+(469)) = 52904
Operating Profit / Net Sales Operating Profit / Net Sales Operating Profit / Net Sales
0.29 0.25 0.20
*Operating Profit / PBIT has been calculated above. *Operating Profit / PBIT has been calculated above. *Operating Profit / PBIT has been calculated above.
Net Profit / Net Sales Net Profit / Net Sales Net Profit / Net Sales
0.22 0.19 0.11
(PAT - Preference Dividends) / Equity (PAT - Preference Dividends) / Equity (PAT - Preference Dividends) / Equity
0.13 0.12 0.06
*no preference shares have been issued by the company. *no preference shares have been issued by the company. *no preference shares have been issued by the company.
PAT / Total Assets PAT / Total Assets PAT / Total Assets
0.09 0.08 0.05
PAT / No. of equity shares PAT / No. of equity shares PAT / No. of equity shares
13.80 14.42 8.38
Market Price Per Share / Earnings Per Share Market Price Per Share / Earnings Per Share Market Price Per Share / Earnings Per Share
18.45 30.69 41.63
* Information has been taken from moneycontrol.com as on 31st March, 2020. * Information has been taken from moneycontrol.com as on 31st March, 2021. * Information has been taken from moneycontrol.com as on 31st March, 2022.
COGS / Average Inventory COGS / Average Inventory COGS / Average Inventory
1.36 1.67 1.60
* Average inventory = (opening inventory + closing inventory) / 2 * Average inventory = (opening inventory + closing inventory) / 2 * Average inventory = (opening inventory + closing inventory) / 2
Credit Sales / Average Debtors Credit Sales / Average Debtors Credit Sales / Average Debtors

Fixed Assets Turnover Ratio
2.78 3.57 3.82
* Average debtors = (opening debtors + closing debtors) / 2 * Average debtors = (opening debtors + closing debtors) / 2 * Average debtors = (opening debtors + closing debtors) / 2
* We have considered the revenues from operations to be credit sales * We have considered the revenues from operations to be credit sales * We have considered the revenues from operations to be credit sales
Net Sales / Average Fixed Assets Net Sales / Average Fixed Assets Net Sales / Average Fixed Assets
0.60 0.64 0.68
*Average Fixed Assets = (Opening Fixed Assets + Closing Fixed Assets) / 2 *Average Fixed Assets = (Opening Fixed Assets + Closing Fixed Assets) / 2 *Average Fixed Assets = (Opening Fixed Assets + Closing Fixed Assets) / 2
*Fixed assets = Non-Current Assets *Fixed assets = Non-Current Assets *Fixed assets = Non-Current Assets
 P/L

Year Revenues in millions Year

2019-20 ₹ 71,968.00 2019-20
2020-21 ₹ 78,693.00 2020-21
2021-22 ₹ 81,606.00 2021-22

Year Depriciation in millions Year

2019-20 ₹ 4,289.00 2019-20
2020-21 ₹ 4,511.00 2020-21
2021-22 ₹ 4,787.00 2021-22

Year Interest in Millions Year

2019-20 ₹ 2,339.00 2019-20
2020-21 ₹ 709.00 2020-21
2021-22 ₹ 1,349.00 2021-22

B/S

Year Non-Current Assets in millions Year

2019-20 ₹ 117,588.00 2019-20
2020-21 ₹ 124,319.00 2020-21
2021-22 ₹ 109,026.00 2021-22

Year Current Assets in millions Year

2019-20 ₹ 47,927.00 2019-20
2020-21 ₹ 60,317.00 2020-21
2021-22 ₹ 68,374.00 2021-22

Year Equities in millions Year

2019-20 ₹ 112,602.00 2019-20
2020-21 ₹ 127,445.00 2020-21
2021-22 ₹ 132,405.00 2021-22

Year Trade Payables in millions

2019-20 ₹ 8,627.00
2020-21 ₹ 11,260.00
2021-22 ₹ 10,652.00

Ratios

Year Current ratio Year

2019-20 1.39 2019-20
2020-21 1.25 2020-21
2021-22 1.7 2021-22

Year Interest Coverage Year

2019-20 9.68 2019-20
2020-21 33.82 2020-21
2021-22 15.54 2021-22

Year Net Profit Margin Year

2019-20 22% 2019-20
2020-21 19% 2020-21
2021-22 11% 2021-22

Year EPS Year

2019-20 ₹ 13.80 2019-20
2020-21 ₹ 14.42 2020-21
2021-22 ₹ 8.38 2021-22

Year Debtors Turnover Ratio Year

2019-20 2.78 2019-20
2020-21 3.57 2020-21
2021-22 3.82 2021-22
 P/L

COGS in millions Year Gross Profit in millions

₹ 19,517.00 2019-20 ₹ 52,451.00
₹ 23,514.00 2020-21 ₹ 55,179.00
₹ 28,702.00 2021-22 ₹ 52,904.00

Operational Expenses in millions Year Operational Profit in millions

₹ 29,726.00 2019-20 ₹ 18,436.00
₹ 31,199.00 2020-21 ₹ 19,469.00
₹ 29,640.00 2021-22 ₹ 16,181.00

Tax in Millions Year Net Profit in Millions

₹ 2,041.00 2019-20 ₹ 14,129.00
₹ 2,123.00 2020-21 ₹ 14,762.00
₹ 3,060.00 2021-22 ₹ 8,579.00

B/S

Intangible Assets in millions Year Long term Investments in millions

₹ 446.00 2019-20 ₹ 64,041.00
₹ 475.00 2020-21 ₹ 64,706.00
₹ 393.00 2021-22 ₹ 48,975.00

Inventories in millions Year Trade Receivables in millions

₹ 13,947.00 2019-20 ₹ 24,567.00
₹ 17,800.00 2020-21 ₹ 19,038.00
₹ 19,263.00 2021-22 ₹ 22,777.00

Long-Term Borrowings in millions Year Short-Term Borrowings in millions

₹ 15,230.00 2019-20 ₹ 14,434.00
₹ 6,223.00 2020-21 ₹ 26,959.00
₹ 1,421.00 2021-22 ₹ 25,375.00

Ratios

Quick ratio Year Debt - Equity

0.99 2019-20 0.14
 0.88 2020-21 0.05
1.22 2021-22 0.01

Gross Profit margin Year Operating Profit Margin

83% 2019-20 29%
70% 2020-21 25%
66% 2021-22 20%

Return on Equity Year Return on Assets

13% 2019-20 9%
12% 2020-21 8%
6% 2021-22 5%

Price Earnings Ratio Year Inventory Turnover Ratio

18.45 2019-20 1.36
30.69 2020-21 1.67
41.63 2021-22 1.6

Fixed Assets Turnover Ratio

0.6
0.64
0.68
 P/L (2021-2022)

Revenue in millions COGS in million

Zydus ₹ 81,606.00 Zydus ₹ 28,702.00
Alkem ₹ 88,298.10 Alkem ₹ 28,497.50

Depriciation in millions Operational expanses in million

Zydus ₹ 4,787.00 Zydus ₹ 29,640.00
Alkem ₹ 2,189.80 Alkem ₹ 28,497.50

Interest in millions Tax in millions

Zydus ₹ 1,349.00 Zydus ₹ 3,060.00
Alkem ₹ 379.00 Alkem ₹ 2,121.20

Balance sheet(2021-2022)

Non-current Assets in million Intangible Assets in million

Zydus ₹ 117,588.00 Zydus ₹ 393.00
Alkem ₹ 63,085.60 Alkem ₹ 1,508.50

Current Assets in millions Inventories in millions

Zydus ₹ 68,374.00 Zydus ₹ 19,263.00
Alkem ₹ 68,606.00 Alkem ₹ 19,757.30

Equities in millions Long-term Borrowings in millions

Zydus ₹ 132,405.00 Zydus ₹ 15,230.00
Alkem ₹ 87,436.60 Alkem ₹ 387.50

Trade payables in millions

Zydus ₹ 10,652.00
Alkem ₹ 17,682.20

Ratios(2021-2022)

Current ratio Quick ratio

Zydus 1.7 Zydus 1.22
Alkem 3.19 Alkem 2.72
 Interest coverage ratio Gross profit margin
Zydus 15.54 Zydus 66%
Alkem 53.04 Alkem 58%

Net profit margin Return on equity

Zydus 11% Zydus 6%
Alkem 17% Alkem 18%

EPS Price Earning Ratio

Zydus ₹ 8.38 Zydus 41.63
Alkem ₹ 128.90 Alkem 27.21

Debtors Turnover Ratio Fixed Assets Turnover Ratio

Zydus 3.82 Zydus 0.68
Alkem 5.31 Alkem 1.577
 Gross profit in million
Zydus ₹ 52,904.00
Alkem ₹ 52,639.20

Operational profit
zydus ₹ 16,181.00
Alkem ₹ 17,912.70

Net profit in millions

Zydus ₹ 8,579.00
Alkem ₹ 15,412.00

Long term investments in millions

Zydus ₹ 48,975.00
Alkem ₹ 1,164.30

Trade Receivables in Millions

Zydus ₹ 22,777.00
Alkem ₹ 17,682.20

Short-term Borrowings in millions

Zydus ₹ 25,375.00
Alkem ₹ 41,237.50

Debt-Equity
Zydus 0.01
Alkem 0.0044
 Operating profit margin
Zydus 20%
Alkem 20%

Return on Assets
Zydus 5%
Alkem 12%

Inventory Turnover Ratio

Zydus 1.6
Alkem 1.63
Ratios
Liquidity Ratios
Current Ratio

Quick Ratio

Leverage Ratios
Debt-Equity Ratio

Interest Coverage Ratio

Profitability Ratios
Margin Ratios
Gross Profit Margin Ratio

Operating Profit Margin Ratio

Net Profit Margin Ratio

Profitability Ratios
Rate of Return Ratios
Return on equity

Return on assets

Financial Ratios
Valuation Ratios
EPS

Price Earning Ratio

Financial Ratios
Turnover Ratios
Inventory Turnover Ratio

Debtors Turnover ratio

Fixed Assets Turnover Ratio

2021-22

Current Assets / Current liabilities

3.19

(Current Assets - Inventory) / Current Liabilities

2.72

Long term Debt / Equity

0.0044
*for long term debt, we have only considered the financial liabilities and not
the provisions and tax liabilities.
(PBIT+Depriciation) / Interest
53.04

*Interest means the financial liability

* given interest expenses were deducted from total income to calculate Profit
before Exceptional items and Tax, we have added back interest expenses to
calculate PBIT which is ( 17533.7+379= 17912.7)

Gross Profit / Net Sales

0.58

*for the calculation of Revenues, we have also considered other incomes.

*for the calculation of COGS we have considered Cost of Materials Consumed,
Purchases of Stock-in-Trade, Changes in Inventories of Finished goods, Work-
in-progress and Stock-in-Trade. Therefore, Gross Profit = Revenues from
operations - ( Cost of Materials Consumed + Purchases of Stock-in-Trade +
Changes in Inventories of Finished goods, Work-in-progress and Stock-in-
Trade).
= 88298.1-(28497.5+10770.4)+3609.0=52639.2

Operating Profit / Net Sales

0.20
*Operating Profit / PBIT has been calculated above.
Net Profit / Net Sales
0.17
(PAT - Preference Dividends) / Equity
0.18
*no preference shares have been issued by the company.
PAT / Total Assets
0.12

PAT / No. of equity shares

128.90

Market Price Per Share / Earnings Per Share

27.21

* Information has been taken from moneycontrol.com as on 31st March, 2022.

COGS / Average Inventory

1.63
* Average inventory = (opening inventory + closing inventory) / 2
Credit Sales / Average Debtors
5.31
* Average debtors = (opening debtors + closing debtors) / 2
* We have considered the revenues from operations to be credit sales
Net Sales / Average Fixed Assets
1.577
*Average Fixed Assets = (Opening Fixed Assets + Closing Fixed Assets) / 2
*Fixed assets = Non-Current Assets
Net
Sales /
Average
Fixed
Assets