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Finance reporting analysis
 

Finance reporting analysis

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    Finance reporting analysis Finance reporting analysis Document Transcript

    • TOPIC – FINANCE REPOTINGANALYSISSUBMITTED TO:SUBIMITTED BY:PROF . U.PADMAVTHI KULDEEPYADAV REG NO- 6024 FINANCE PGDM 2010-12
    • QuarterlyResults Balance sheetStatement P&L Cash flow Dividend Share holdingMore Capital structures Ratio(Rscrore)Quarterly results in brief Sep 11 Jun 11 Mar 11 Dec 10 Sep 10Sales 712.22 682.35 590.08 568.76 484.39Operating profit 589.68 555.12 400.49 450.08 375.98Interest 376.06 341.19 271.78 204.06 166.25Gross profit 227.33 238.51 137.90 252.67 216.79EPS (Rs) 5.49 5.64 5.11 5.60 4.76Quarterly results in details Sep 11 Jun 11 Mar 11 Dec 10 Sep 10Other income 13.72 24.59 9.19 6.65 7.06Stock adjustment - - - - -Raw material - - - - -Power and fuel - - - - -Employee expenses 41.17 35.78 45.06 26.90 28.46Excise - - - - -Admin and selling expenses - - - - -Research and development expenses - - - - -Expenses capitalised - - - - -Other expenses 81.37 91.46 144.54 91.78 79.95Provisions made - - - - -Depreciation 1.99 1.96 2.80 2.33 2.10
    • Sep 11 Jun 11 Mar 11 Dec 10 Sep 10Taxation 54.56 60.96 -23.71 76.36 67.03Net profit / loss 170.79 175.60 158.80 173.98 147.66Extra ordinary item - - - - -Prior year adjustments - - - - -Equity capital 62.24 62.23 62.20 62.16 62.07Equity dividend rate - - - - -Agg.of non-prom. shares (Lacs) 2106.52 2106.15 2104.37 2102.60 2026.61Agg.ofnon promoteholding (%) 67.69 67.68 67.67 67.65 65.30OPM (%) 82.79 81.35 67.87 79.13 77.62GPM (%) 31.32 33.74 23.01 43.91 44.11NPM (%) 23.53 24.84 26.50 30.24 30.05Balance sheet Mar 11 Mar 10 Mar 09 Mar 08 Mar 07Sources of fundsOwners fundEquity share capital 62.20 61.98 50.73 50.69 36.66Share application money 0.27 - - - 13.49Preference share capital - - 156.87 156.87 347.76Reserves & surplus 4,089.69 3,992.22 2,999.41 2,886.14 959.39Loan fundsSecured loans 14,540.41 3,613.87 4,062.56 3,559.57 150.29Unsecured loans 2,047.62 3,332.00 2,308.00 7,338.00 730.10Total 20,740.19 11,000.07 9,577.57 13,991.26 2,237.69Uses of fundsFixed assetsGross block 67.35 62.87 55.55 52.41 18.30Less : revaluation reserve - - - - -Less : accumulated depreciation 31.27 22.88 15.70 9.31 1.56
    • Mar 11 Mar 10 Mar 09 Mar 08 Mar 07Net block 36.07 39.99 39.86 43.10 16.74Capital work-in-progress 1.56 0.29 1.04 1.81 2.05Investments 3,465.27 1,002.21 1,373.75 310.61 732.25Net current assetsCurrent assets, loans & advances 18,225.31 11,046.43 8,585.50 14,856.97 1,608.20Less : current liabilities & provisions 988.03 1,088.85 422.58 1,221.24 121.55Total net current assets 17,237.28 9,957.59 8,162.92 13,635.73 1,486.65Miscellaneous expenses not written - - - - -Total 20,740.19 11,000.07 9,577.57 13,991.26 2,237.69Notes:Book value of unquoted investments 3,465.27 1,002.21 1,373.75 310.61 732.25Market value of quoted investments - - - - -Contingent liabilities 3.38 0.10 584.60 543.34 677.46Number of equity sharesoutstanding (Lacs) 3109.92 3098.95 2536.30 2534.27 1832.75Profit loss account Mar 11 Mar 10 Mar 09 Mar 08 Mar 07IncomeOperating income 2,028.35 1,420.81 1,780.90 1,325.66 352.18ExpensesMaterial consumed - - - - -Manufacturing expenses 2.27 3.87 3.86 7.25 -Personnel expenses 131.24 109.50 138.36 208.02 22.00Selling expenses 14.01 9.33 7.46 5.49 0.72Administrative expenses 356.17 370.29 422.40 149.64 34.42Expenses capitalized - - - - -Cost of sales 503.68 492.99 572.08 370.40 57.14
    • Mar 11 Mar 10 Mar 09 Mar 08 Mar 07Operating profit 1,524.66 927.82 1,208.81 955.26 295.04Other recurring income 1.08 0.40 0.77 0.06 0.47Adjusted PBDIT 1,525.75 928.23 1,209.58 955.32 295.51Financial expenses 773.22 533.88 951.89 384.53 64.41Depreciation 9.35 7.37 6.81 6.05 1.25Other write offs - - - - -Adjusted PBT 743.18 386.97 250.88 564.74 229.85Tax charges 182.18 130.43 53.67 184.85 77.83Adjusted PAT 560.99 256.54 197.21 379.89 152.02Non recurring items 18.81 -0.92 -5.83 0.04 1.09Other non cash adjustments 28.71 -4.63 -1.21 2.04 -Reported net profit 608.51 251.00 190.17 381.97 153.10Earnings before appropriation 727.06 387.64 271.39 461.77 153.26Equity dividend 310.68 154.95 50.73 218.21 55.41Preference dividend - 7.82 15.69 9.11 11.53Dividend tax 51.05 27.06 11.29 38.63 10.09Retained earnings 365.34 197.80 193.69 195.82 76.23Cash flow Mar 11 Mar 10 Mar 09 Mar 08 Mar 07Profit before tax 790.87 394.25 246.90 566.86 230.94Net cash flow-operating activity -5,888.00 -2,914.37 830.27 -4,471.37 -2,102.21Net cash used in investing activity 797.92 509.41 -360.44 -14.95 -313.01Net cash used in fin. activity 9,227.52 1,334.73 -4,449.33 10,797.13 2,711.88Net inc/dec in cash and equivlnt 4,137.44 -1,070.24 -3,979.50 6,310.81 296.65Cash and equivalent begin of year 289.43 1,359.67 6,940.09 629.28 68.08Cash and equivalent end of year 4,426.87 289.43 2,960.60 6,940.09 364.73
    • DividendYear Month Dividend (%)2011 Oct 3002011 Apr 2502010 Oct 2502010 Apr 2502009 Jun 1002008 Apr 4252007 Apr 502007 Jan 1002006 Apr 152006 Jan 252005 Oct 50Share holdingShare holding pattern as on : 30/09/2011 30/06/2011 31/03/2011Face value 2.00 2.00 2.00 No. Of % No. Of % No. Of % Shares Holding Shares Holding Shares Holding Promoters holdingIndian Promoters 100555118 32.31 100555118 32.32 100555118 32.33Sub total 100555118 32.31 100555118 32.32 100555118 32.33 Non promoters holding Institutional investorsBanks Fin. Inst. and 96725 0.03 126096 0.04 213055 0.07
    • No. Of % No. Of % No. Of % Shares Holding Shares Holding Shares HoldingInsuranceFIIs 96759079 31.09 96297477 30.95 101277956 32.57Sub total 108041689 34.72 107450836 34.53 111644274 35.90 Other investorsPrivate CorporateBodies 13927138 4.48 15827644 5.09 16183065 5.20NRIs/OCBs/ForeignOthers 26714365 8.58 26741575 8.59 26751874 8.60GDR/ADR 7125441 2.29 7125441 2.29 7125441 2.29Others 149531 0.05 30498595 9.80 327641 0.11Sub total 47916475 15.40 80193255 25.77 50388021 16.20General public 54693996 17.57 22970499 7.38 48404705 15.56Grand total 311207278 100.00 311169708 100.00 310992118 100.00Capital structure Paid UpFrom To Class Of Authorized Issued Paid Up Face Paid UpYear Year Share Capital Capital Shares (Nos) Value Capital Equity2010 2011 Share 400.00 62.20 310992118 2 62.20 Equity2009 2010 Share 400.00 61.98 309894521 2 61.98 Equity2008 2009 Share 400.00 50.73 253629769 2 50.73 Equity2007 2008 Share 400.00 50.69 253426989 2 50.69 Equity2006 2007 Share 100.00 36.66 183275378 2 36.66 Equity2005 2006 Share 50.00 32.05 160225378 2 32.05 Equity2004 2005 Share 50.00 26.65 133239074 2 26.65 Equity2003 2004 Share 25.00 16.31 81562555 2 16.31
    • Ratios Mar 11 Mar 10 Mar 09 Mar 08 Mar 07Per share ratiosAdjusted EPS (Rs) 18.04 8.03 7.16 14.63 7.67Adjusted cash EPS (Rs) 18.34 8.26 7.43 14.87 7.73Reported EPS (Rs) 19.57 8.27 6.88 14.71 7.72Reported cash EPS (Rs) 19.87 8.51 7.15 14.95 7.79Dividend per share 10.00 5.00 2.00 8.50 3.00Operating profit per share (Rs) 49.03 29.94 47.66 37.69 16.10Book value (excl rev res) per share (Rs) 133.50 130.83 120.26 115.88 54.35Book value (incl rev res) per share (Rs.) 133.50 130.83 120.26 115.88 54.35Net operating income per share (Rs) 65.22 45.85 70.22 52.31 19.22Free reserves per share (Rs) 118.78 121.10 110.91 108.03 49.58Profitability ratiosOperating margin (%) 75.16 65.30 67.87 72.05 83.77Gross profit margin (%) 74.70 64.78 67.49 71.60 83.42Net profit margin (%) 29.99 18.58 10.67 28.81 43.41Adjusted cash margin (%) 28.10 18.56 11.45 29.11 43.46Adjusted return on net worth (%) 13.51 6.13 5.95 12.62 14.10Reported return on net worth (%) 14.66 6.32 5.72 12.69 14.21Return on long term funds (%) 8.76 13.00 18.17 13.12 19.30Leverage ratiosLong term debt / Equity 3.17 0.74 1.17 1.46 0.53Total debt/equity 4.00 1.71 2.14 3.76 1.23Owners fund as % of total source 20.01 36.85 31.84 20.99 44.78Fixed assets turnover ratio 39.25 29.92 40.23 29.97 19.59Liquidity ratiosCurrent ratio 18.45 10.15 20.32 12.17 13.23Current ratio (inc.st loans) 3.13 1.97 2.07 1.73 1.66Quick ratio 18.38 10.11 20.20 12.13 13.18Inventory turnover ratio - - - - -
    • Mar 11 Mar 10 Mar 09 Mar 08 Mar 07Payout ratiosDividend payout ratio (net profit) 59.42 71.00 35.54 68.88 46.27Dividend payout ratio (cash profit) 58.52 69.01 34.20 67.78 45.86Earning retention ratio 35.53 26.83 65.84 30.73 53.38Cash earnings retention ratio 36.58 28.93 67.08 31.85 53.79Coverage ratiosAdjusted cash flow time total debt 29.08 26.32 31.23 28.24 5.74Financial charges coverage ratio 1.97 1.74 1.27 2.48 4.59Fin. charges cov.ratio (post tax) 1.80 1.51 1.21 2.01 3.40Component ratiosMaterial cost component (% earnings) - - - - -Selling cost Component 0.69 0.65 0.41 0.41 0.20Exports as percent of total sales - - - - -Import comp. in raw mat. consumed - - - - -Long term assets / total Assets 0.16 0.08 0.14 0.02 0.31Bonus component in equity capital (%) 24.73 24.82 30.33 30.35 41.97