Professional Documents
Culture Documents
Financial Statement Analysis: Submitted by
Financial Statement Analysis: Submitted by
Submitted by:
-Pratyush Kumar 75244
Ambuja
Cements
Ultra Tech
Cements
Finance
Reliance
Capital Ltd.
JM
Financial
Finance-Investment
A non-banking financial company (NBFC) is a company
registered under the Companies Act, 1956 which is primarily
engaged in the business activities like loans and advances,
acquisition of shares/stock/bonds/debentures/securities issued
by government or local authority or other securities of like
marketable nature, leasing, hire-purchase, insurance business.
It bars any institution whose principal business is that of
agriculture activity, industrial activity,
sale/purchase/construction of immovable property. Sundaram
Finance is a strong player in the commercial vehicle and car
finance segments. Housing finance sector benefited from realty
boom since 2002-03.
Cement
India is the second largest cement producer in the world.
However, it is way behind China, where the capacity is more
than five times larger. Cement is a low-value and high-volume
commodity and is mainly concentrated near limestone deposits
available in few States. It has a high rate of excise duty and
accounts for 5% of total excise duty collection. During the
Tenth Plan, cement production grew at a healthy CAGR of
8.67% while the installed capacity showed modest CAGR of
3.69%. Exports too showed an upward trend. Cement
consumption has generally grown at 2% 3% higher than
growth of GDP. Keeping the past trends in view and taking
into consideration the renewed emphasis on infrastructure, the
cement industry can be expected to grow at about 11.5%
corresponding to the GDP growth of 9%.
Ambuja Cements
Type
Industry
Cement
Founded
1986
Headquarters
Key people
Products
Cement
Revenue
Website
www.ambujacement.com
Ambuja cements volume market share in 2008 is 10% which has seen a dip
from 11% in 2007
The four companies--ACC, Ambuja Cement, Grasim and UltraTech-together hold about 39.80% market share.
The reason for this dip is
Fall in demand
Aggressive capacity expansion by competitors
Market share
1%
24%
36%
39%
Current ratio
Ambuja Cements
1.8
1.6
1.4
1.2
1
Current ratio
0.8
0.6
0.4
0.2
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
Quick ratio
Ambuja Cements
1.4
1.2
1
0.8
0.6
Quick ratio
0.4
0.2
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
Debt Includes
secured and
unsecured
loans
0.5
0.45
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
-10
-20
-30
-40
-50
Current assets
have inc.
-60
10
proprietary ratio
Ambuja Cements
0.8
0.7
0.6
0.5
0.4
proprietary ratio
0.3
0.2
0.1
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
11
0.8
Debt equity ratio
0.6
0.4
0.2
0
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
12
0.4
0.2
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
13
operating ratio
Ambuja Cements
0.4
0.35
0.3
0.25
0.2
operating ratio
0.15
0.1
0.05
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
14
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
15
0.5
0.4
0.3
0.2
0.1
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
16
40
30
20
10
0
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
17
10
6
stock turnover
ratio
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
18
PE Ratio
30
25
20
PE Ratio
15
10
0
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
19
BV to MV Ratio
3
2.5
1.5
BV to MV Ratio
0.5
0
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
20
21
Current Ratio
0.6
0.5
0.4
0.3
0.2
0.1
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2007
2006
2005
2004
2003
Quick Ratio
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
2013
2012
2011
2010
2009
2008
22
23
Proprietory Ratio
1.2
1
0.8
0.6
0.4
0.2
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2006
2005
2004
2003
2013
2012
2011
2010
2009
2008
2007
-2
-3
-4
-5
-6
-7
-8
-9
24
1
0.8
0.6
0.4
0.2
0
2013
2012
2011
2010
2009
2008
2007
2006
2007
2006
2005
2004
2003
Operating Ratio
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
2013
2012
2011
2010
2009
2008
2005
2004
2003
25
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2007
2006
2005
2004
2003
2012
2011
2010
2009
2008
26
JM Financial
27
Current ratio
JM Financials
amt with fixed
deposits put into
deposit a/c (less
than 3 yrs
1.4
1.2
1
Current liabilities
increased(other
liabilities).
0.8
Current ratio
0.6
0.4
0.2
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
28
Quick ratio
JM Financials
1.4
1.2
1
0.8
Quick ratio
0.6
0.4
0.2
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
29
Company took
some secured and
unsecured loans.
0.00014
0.00012
0.00010
0.00008
0.00006
0.00004
0.00002
0.00000
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
30
proprietary ratio
JM Financials
0.96
0.94
0.92
0.9
proprietary ratio
0.88
0.86
0.84
0.82
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
31
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
-5
-10
-15
-20
-25
32
0.25
0.2
0.15
0.1
0.05
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
33
Operating ratio
JM Financials
1.2
1
0.8
0.6
0.4
operating ratio
0.2
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
-0.2
-0.4
34
20
15
10
5
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
35
2
1.5
1
0.5
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
36
PE Ratio
450
400
350
300
250
200
PE Ratio
150
100
50
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
37
BV to MV Ratio
25
20
15
10
BV to MV
Ratio
0
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
38
THANK YOU
48