bpcl vs hpcl accounting ratios

1. FINANCIAL &
MANAGEMENT
ACCOUNTING
Submitted To
Maam Shagufta Khan
Submitted By
Kushal Heda
A report showing
Comparison of
financial statements
of two companies of
oil Industry i.e.
HPCL & BPCL

2. Hindustan Petroleum Corporation Ltd
Balance Sheet For Year Ending March’17 & March’16
Parameter
MAR'17
(₹ Cr.)
MAR'16
(₹ Cr.)
YoY
%Change
EQUITY AND LIABILITIES
Share Capital 1,016.27 339.01 199.78%
Share Warrants & Outstanding
Total Reserves 19,331.14 17,630.79 9.64%
Shareholder's Funds 20,347.41 17,969.80 13.23%
Long-Term Borrowings 0.00 0.00 0.00%
Secured Loans 1,258.75 1,323.25 -4.87%
Unsecured Loans 5,019.40 9,184.10 -45.35%
Deferred Tax Assets / Liabilities 5,895.59 4,919.35 19.84%
Other Long Term Liabilities 11,004.94 9,409.55 16.96%
Long Term Trade Payables 0.00 0.00 0.00%
Long Term Provisions 182.32 163.77 11.33%
Total Non-Current Liabilities 23,361.00 25,000.02 -6.56%
Current Liabilities
Trade Payables 12,658.10 9,416.93 34.42%
Other Current Liabilities 8,723.88 11,296.31 -22.77%
Short Term Borrowings 10,892.41 3,887.61 180.18%
Short Term Provisions 2,481.11 2,008.62 23.52%
Total Current Liabilities 34,755.50 26,609.47 30.61%
Total Liabilities 78,463.91 69,579.29 12.77%
ASSETS
Non-Current Assets 0.00 0.00 0.00%
Gross Block 41,164.65 35,735.29 15.19%
Less: Accumulated Depreciation 5,032.77 2,627.72 91.53%
Less: Impairment of Assets 0.00 0.00 0.00%
Net Block 36,131.88 33,107.57 9.13%
Lease Adjustment A/c 0.00 0.00 0.00%
Capital Work in Progress 1,810.48 1,852.77 -2.28%
Intangible assets under development 0.00 0.00 0.00%
Pre-operative Expenses pending 0.00 0.00 0.00%
Assets in transit 0.00 0.00 0.00%
Non Current Investments 5,809.85 5,587.11 3.99%
Long Term Loans & Advances 1,134.04 1,017.71 11.43%
Other Non Current Assets 661.85 528.50 25.23%
Total Non-Current Assets 45,548.10 42,093.66 8.21%
Current Assets Loans & Advances
Currents Investments 5,108.74 4,991.44 2.35%
Inventories 18,576.28 13,211.40 40.61%
Sundry Debtors 4,064.21 3,758.03 8.15%
Cash and Bank 33.67 23.76 41.71%
Other Current Assets 4,478.94 4,982.08 -10.10%
Short Term Loans and Advances 653.97 518.92 26.03%
Total Current Assets 32,915.81 27,485.63 19.76%
Net Current Assets (Including Current Investments) -1,839.69 876.16 -309.97%
Total Current Assets Excluding Current Investments 27,807.07 22,494.19 23.62%
Miscellaneous Expenses not written off 0.00 0.00 0.00%
Total Assets 78,463.91 69,579.29 12.77%
Contingent Liabilities 3,793.25 3,699.79 2.53%
Total Debt 21,249.71 21,167.46 0.39%
Book Value (in ₹) 200.29 530.65 -62.26%

3. Profit & Loss Over The Year
From 1 April To 31 March
For FY 16-17 & 15-16
Parameter MAR'17
(₹ Cr.)
MAR'16
(₹ Cr.)
Change %
Gross Sales 2,13,802.98 1,97,743.83 8.12%
Less :Inter divisional transfers 0.00 0.00 0.00%
Less: Sales Returns 0.00 0.00 0.00%
Less: Excise 26,779.28 20,043.20 33.61%
Net Sales 1,87,023.70 1,77,700.63 5.25%
EXPENDITURE:
Increase/Decrease in Stock -4,454.06 90.86 -5002.11%
Raw Materials Consumed 1,67,611.16 1,56,472.27 7.12%
Power & Fuel Cost 870.56 1,008.09 -13.64%
Employee Cost 2,946.08 2,321.32 26.91%
Other Manufacturing Expenses 7,110.09 6,926.12 2.66%
General and Administration Expenses 2,075.77 2,135.21 -2.78%
Selling and Distribution Expenses 156.79 70.19 123.38%
Miscellaneous Expenses 130.27 737.29 -82.33%
Expenses Capitalised 0.00 0.00 0.00%
Total Expenditure 1,76,446.66 1,69,761.34 3.94%
PBIDT (Excl OI) 10,577.05 7,939.28 33.22%
Other Income 1,514.72 1,144.16 32.39%
Operating Profit 12,091.77 9,083.45 33.12%
Interest 535.65 653.60 -18.05%
PBDT 11,556.12 8,429.85 37.09%
Depreciation 2,535.28 2,653.21 -4.44%
Profit Before Taxation & Exceptional Items 9,020.84 5,776.64 56.16%
Exceptional Income / Expenses 0.00 0.00 0.00%
Profit Before Tax 9,020.84 5,776.64 56.16%
Provision for Tax 2,812.04 2,050.48 37.14%
PAT 6,208.80 3,726.16 66.63%
Extraordinary Items 0.00 0.00 0.00%
Adj to Profit After Tax 0.00 0.00 0.00%
Profit Balance B/F 14,740.12 12,621.96 16.78%
Appropriations 20,948.92 16,348.12 28.14%
Equity Dividend (%) 300.00 345.00 -13.04%
Earnings Per Share (in ₹) 61.12 110.04 -44.46%
Book Value (in ₹) 200.29 530.65 -62.26%

4. Cash Flow Over The Year
From 1 April To 31 March
For FY 16-17 & 15-16
Parameter MAR'17
(₹ Cr.)
MAR'16
(₹ Cr.)
Change
%
Net Profit Before Taxes 9,020.84 5,776.64 56.16%
Adjustments for Expenses & Provisions 2,528.43 3,660.35 -30.92%
Adjustments for Liabilities & Assets 612.03 -
1,439.72
142.51%
Cash Flow from operating activities 9,982.73 6,783.05 47.17%
Cash Flow from investing activities -
5,309.84
-
4,354.32
-21.94%
Cash Flow from financing activities -
4,015.28
-
3,718.57
-7.98%
Effect of exchange fluctuation on translation
reserve
0.00 0.00 0.00%
Net increase/(decrease) in cash and cash
equivalents
657.61 -
1,289.84
150.98%
Opening Cash & Cash Equivalents -
2,390.49
-
1,100.65
-117.19%
Cash & Cash Equivalent on Amalgamation /
Take over / Merger
0.00 0.00 0.00%
Cash & Cash Equivalent of Subsidiaries under
liquidations
0.00 0.00 0.00%
Translation adjustment on reserves / op cash
balalces frgn subsidiaries
0.00 0.00 0.00%
Effect of Foreign Exchange Fluctuations 0.00 0.00 0.00%
Closing Cash & Cash Equivalent -
1,732.88
-
2,390.49
27.51%

5. Bharat Petroleum Corporation Ltd
Balance Sheet For Year Ending March’17 & March’16
Parameter MAR'17
(₹ Cr.)
MAR'16
(₹ Cr.)
YoY
%Change
EQUITY AND LIABILITIES
Share Capital 1,311.25 655.62 100.00%
Share Warrants & Outstandings
Total Reserves 28,357.13 26,667.34 6.34%
Shareholder's Funds 29,668.38 27,322.96 8.58%
Long-Term Borrowings 0.00 0.00 0.00%
Secured Loans 1,907.74 1,424.87 33.89%
Unsecured Loans 11,868.70 12,142.55 -2.26%
Deferred Tax Assets / Liabilities 3,501.71 2,621.89 33.56%
Other Long Term Liabilities 145.16 130.75 11.02%
Long Term Trade Payables 0.00 0.00 0.00%
Long Term Provisions 1,353.15 1,156.84 16.97%
Total Non-Current Liabilities 18,776.46 17,476.90 7.44%
Current Liabilities
Trade Payables 11,519.91 8,545.05 34.81%
Other Current Liabilities 23,778.98 20,235.75 17.51%
Short Term Borrowings 7,227.36 23.96 30064.27%
Short Term Provisions 1,018.54 1,752.73 -41.89%
Total Current Liabilities 43,544.79 30,557.49 42.50%
Total Liabilities 91,989.63 75,357.35 22.07%
ASSETS
Non-Current Assets 0.00 0.00 0.00%
Gross Block 35,137.61 25,035.38 40.35%
Less: Accumulated Depreciation 3,700.70 1,828.08 102.44%
Less: Impairment of Assets 0.00 0.00 0.00%
Net Block 31,436.91 23,207.30 35.46%
Lease Adjustment A/c 0.00 0.00 0.00%
Capital Work in Progress 11,216.73 12,449.13 -9.90%
Intangible assets under development 405.79 215.18 88.58%
Pre-operative Expenses pending 0.00 0.00 0.00%
Assets in transit 0.00 0.00 0.00%
Non Current Investments 9,241.51 7,632.03 21.09%
Long Term Loans & Advances 4,233.06 2,469.10 71.44%
Other Non Current Assets 1,197.51 1,181.94 1.32%
Total Non-Current Assets 57,731.51 47,154.68 22.43%
Current Assets Loans & Advances
Currents Investments 5,360.34 5,179.43 3.49%
Inventories 19,798.01 13,792.86 43.54%
Sundry Debtors 4,758.18 2,188.95 117.37%
Cash and Bank 64.69 2,067.35 -96.87%
Other Current Assets 3,044.73 4,219.66 -27.84%
Short Term Loans and Advances 1,232.17 754.42 63.33%
Total Current Assets 34,258.12 28,202.67 21.47%
Net Current Assets (Including Current Investments) -9,286.67 -2,354.82 294.37%
Total Current Assets Excluding Current Investments 28,897.78 23,023.24 25.52%
Miscellaneous Expenses not written off 0.00 0.00 0.00%
Total Assets 91,989.63 75,357.35 22.07%
Contingent Liabilities 10,616.68 9,148.52 16.05%
Total Debt 23,159.21 15,857.49 46.05%
Book Value (in ₹) 226.26 416.75 -45.71%

6. Profit & Loss Over The Year
From 1 April To 31 March
For FY 16-17 & 15-16
Parameter MAR'17
(₹ Cr.)
MAR'16
(₹ Cr.)
Change %
Gross Sales 2,42,047.81 2,17,894.77 11.08%
Less :Inter divisional transfers 0.00 0.00 0.00%
Less: Sales Returns 0.00 0.00 0.00%
Less: Excise 39,837.25 29,490.13 35.09%
Net Sales 2,02,210.56 1,88,404.64 7.33%
EXPENDITURE:
Increase/Decrease in Stock -5,577.61 834.31 -768.53%
Raw Materials Consumed 1,81,930.80 1,61,835.44 12.42%
Power & Fuel Cost 1,309.36 1,562.32 -16.19%
Employee Cost 3,429.46 2,757.81 24.35%
Other Manufacturing Expenses 6,786.42 6,469.47 4.90%
General and Administration Expenses 1,990.09 1,851.02 7.51%
Selling and Distribution Expenses 0.00 0.00 0.00%
Miscellaneous Expenses 1,512.75 2,069.64 -26.91%
Expenses Capitalised 0.00 0.00 0.00%
Total Expenditure 1,91,381.27 1,77,380.02 7.89%
PBIDT (Excl OI) 10,829.30 11,024.63 -1.77%
Other Income 2,600.68 1,776.17 46.42%
Operating Profit 13,429.98 12,800.80 4.92%
Interest 495.87 565.16 -12.26%
PBDT 12,934.11 12,235.64 5.71%
Depreciation 1,891.32 1,844.60 2.53%
Profit Before Taxation & Exceptional Items 11,042.79 10,391.04 6.27%
Exceptional Income / Expenses 0.00 0.00 0.00%
Profit Before Tax 11,042.79 10,391.04 6.27%
Provision for Tax 3,003.49 3,334.68 -9.93%
PAT 8,039.30 7,056.36 13.93%
Extraordinary Items 0.00 0.00 0.00%
Adj to Profit After Tax 0.00 0.00 0.00%
Profit Balance B/F 1,422.46 2,279.55 -37.60%
Appropriations 9,461.76 9,335.91 1.35%
Equity Dividend (%) 325.00 310.00 4.84%
Earnings Per Share (in ₹) 61.31 107.63 -43.04%
Book Value (in ₹) 226.26 416.75 -45.71%

7. Cash Flow Over The Year
From 1 April To 31 March
For FY 16-17 & 15-16
Parameter MAR'17
(₹ Cr.)
MAR'16
(₹ Cr.)
Change
%
Net Profit Before Taxes 11,042.79 10,391.04 6.27%
Adjustments for Expenses &
Provisions
723.53 1,621.77 -55.39%
Adjustments for Liabilities & Assets -844.07 752.15 -
212.22%
Cash Flow from operating activities 7,881.93 10,179.21 -22.57%
Cash Flow from investing activities -
10,114.68
-7,975.48 -26.82%
Cash Flow from financing activities 566.56 -1,839.92 130.79%
Effect of exchange fluctuation on
translation reserve
0.00 0.00 0.00%
Net increase/(decrease) in cash
and cash equivalents
-1,666.19 363.81 -
557.98%
Opening Cash & Cash Equivalents 1,720.54 1,356.73 26.82%
Cash & Cash Equivalent on
Amalgamation / Take over / Merger
0.00 0.00 0.00%
Cash & Cash Equivalent of
Subsidiaries under liquidations
0.00 0.00 0.00%
Translation adjustment on reserves
/ op cash balalces frgn subsidiaries
0.00 0.00 0.00%
Effect of Foreign Exchange
Fluctuations
0.00 0.00 0.00%
Closing Cash & Cash Equivalent 54.35 1,720.54 -96.84%

9. HPCL BPCL REMARKS
Better Ratio Of
BALANCE SHEET RATIOS: Stability (Staying Power)
1 Current
Current Assets 32915.81 0.9471 34258.12 0.786733 HPCL
Current Liabilities 34755.50 43544.79
2 Quick
Cash + Accts. Rec. 687.64 0.0198 5425.03 0.124585 BPCL
Current Liabilities 34755.50 43544.79
3 Debt-to-Worth
Total Liabilities 78463.91 3.8562 91989.63 3.100595 BPCL
Net Worth 20347.41 29668.38
INCOME STATEMENT RATIOS: Profitability (Earning Power)
4 Gross Margin
Gross Profit 12939.81 0.0692 14331.89 0.070876 BPCL
Sales 187023.70 202210.56
5 Net Margin
Net Profit Before Tax 9020.84 0.0482 11042.79 0.05461 BPCL
Sales 187023.70 202210.56
ASSET MANAGEMENT RATIOS: Overall Efficiency
Ratios
6 Sales-to-Assets
Sales 187023.70 2.3836 202210.56 2.198189 HPCL
Total Assets 78463.91 91989.63
7 Return on Assets
Net Profit Before Tax 9020.84 0.1150 11042.79 0.120044 BPCL
Total Assets 78463.91 91989.63
8 Return on Investment
Net Profit Before Tax 9020.84 0.4433 11042.79 0.372207 HPCL
Net Worth 20347.41 29668.38
ASSET MANAGEMENT RATIOS: Working Capital Cycle Ratios
9 Inventory Turnover
Cost of Goods Sold 174083.83 9.3713 187878.43 9.489763 BPCL
Inventory 18576.28 19798.01
10 Inventory Turn-Days
360 360.00 38.4152 360.00 37.93561 BPCL
Inventory Turnover 9.37 9.49
11 Accounts Receivable Turnover
Sales 187023.70 46.0172 202210.56 42.49746 HPCL
Accounts Receivable 4064.21 4758.18
12 Accounts Receivable Turn-Days
360 360.00 7.8232 360.00 8.471095 HPCL
Accts. Rec. Turnover 46.02 42.50
13 Accounts Payable
Turnover
Cost of Goods Sold 174083.83 13.7528 187878.43 16.30902 HPCL
Accounts Payable 12658.10 11519.91
14 Average Payment Period
360 360.00 26.1766 360.00 22.07368 HPCL
Accts. Pay. Turnover 13.75 16.31

10. Bharat Petroleum Corporation Limited (BPCL) is the second largest oil
refining and marketing company in India. It had a market share of 23%
amongst the public sector oil companies in FY09 with 19.5 MMTPA (million
tonnes per annum) of installed refining capacity. The company has a network of
8,402 retail outlets, 2,117 LPG distributors and 27 m LPG customers. Its subsidiary,
Numaligarh Refinery has a capacity of 3 MMTPA. The company's wholly owned
subsidiary Bharat PetroResources engages in exploration and production, with
participating interest in the area between East Timor and Australia. BPCL also has a
stake in Petronet CCK (49%), Petronet LNG (12.5%), Indraprastha Gas (22.5%),
Central UP Gas (22.5%), Maharashtra Natural Gas (22.5%) and Sabarmati Gas
(25%).
Hindustan Petroleum Corporation Limited (HPCL) is the third largest oil
refining and marketing company in India. Apart from the 14 MMTPA (million
tonnes per annum) of refining capacity, it has strong retail presence with
over 9,127 retail outlets spread across the country. Further, the company has
nearly 29 m customers in the fast growing LPG business. The company has stakes
in HPCL-Mittal Energy (49%), MRPL (17%), Bhagyanagar Gas (25%) and Aavantika
Gas (25%).
LEVERAGE RATIOS
15 Debt Equity Ratio
Total Debt 4064.21 0.1997 4758.18 0.1604 HPCL
ShareHolders Fund 20347.41 29668.38
16 Proprietory ratio
Propritors Fund 20347.41 0.2593 29668.38 0.3225 BPCL
Total Asset 78463.91 91989.63
Operational & Financial Ratios:
17 EPS
Shareholders Profit 6208.80 61.1200 8039.30 61.3100 BPCL
No Of Shares 101.58 131.13