Hero Motors Ltd is the largest manufacturer of two-wheelers in India and globally. The annual report provides an overview of the company's operations in the past year. It discusses Hero's vision, strategy, manufacturing facilities, products, and distribution network. The report also analyzes key financial details such as the balance sheet, profit and loss, and sales trends. Hero's net sales and profits increased in the first quarter compared to the previous year. However, overall two-wheeler sales declined slightly due to economic factors like rising fuel costs. The company aims to strengthen its brand and launch new models to boost sales.
United Spirits to operate Diageo brands in India; buyIndiaNotes.com
In a postal ballot document shared with exchanges, UNSP has given detailed contours of its proposed arrangement to manufacture, import and distribute Diageo brands in India. Following are the key highlights from the same and our interaction with the management.
Indoco Remedies reported quarterly results slightly below expectations due to restructuring of its domestic business. Sales grew 9% to Rs 216 crore while margins improved. Exports grew 23% but was offset by weak 2% domestic growth. The company expects the domestic segment to recover in the second half of the year. For the full year, sales are expected to grow 19% overall. While the quarter saw short-term impacts of domestic restructuring, the analyst maintains a HOLD recommendation based on the company's business model and expectations for profitability and returns to further expand.
Top Financial Research is a leading share market advisory in Indore provides intraday tips, mcx free tips, free stock advice, online market tips, today market tips.
Somany Ceramics Ltd is an Indian tiles company that is expected to see strong revenue growth through capacity additions and an improved product mix. The company's capacity is expected to increase 25% by fiscal year 2015, with over half of new capacity for higher margin polished vitrified tiles. This, along with a focus on patented products like VC tiles and Slip Shield tiles, is positioned to drive market share gains and increasing profitability. Somany Ceramics is recommended as a "Buy" based on an expected 18% upside to the target price over the next 9-12 months.
GIC Housing Finance's surplus scenario likely to continue for next three year...IndiaNotes.com
GIC Housing Finance Ltd reported financial results for the quarter ended June 30, 2015. Net sales grew 21.31% to Rs. 2045.80 million compared to the same quarter last year. Net profit grew 11.40% to Rs. 282.50 million. EPS was Rs. 5.25, up from Rs. 4.71 the previous year. For the full 2015 fiscal year, net sales grew 17% to Rs. 7327.40 million. The company expects continued growth over the next few years and the analyst recommends buying the stock with a target price of Rs. 260.
Comparative statement of reliance industries ltdvijay jha
Reliance Industries Ltd is an Indian conglomerate founded as a textile company by Dhirubhai Ambani. The company has diversified into petrochemicals, oil and gas exploration, refining and other industries. The balance sheet comparison from 2009 to 2010 shows an increase in total assets but a decrease in total liabilities. Key increases include net block, inventories and debtors. However, capital work in progress and unsecured loans decreased significantly. The current financial position is assessed as weak due to negative working capital in both years.
BK India will acquire an 85% stake in BK Indonesia for USD183mn, valuing it at a single digit EV/EBITDA multiple. This marks BK India's entry into the large Indonesian market. BK Indonesia aims to increase margins by focusing on chicken offerings and expanding full-service drive-thrus. The acquisition is expected to increase BK India's fair value by Rs. 25/share based on a discounted valuation of BK Indonesia relative to BK India. The brokerage maintains a Buy rating and unchanged target price of Rs. 250 for BK India.
- Shiv-Vani Oil & Gas Exploration Services Limited reported consolidated financial results for the year ending March 31, 2013.
- Consolidated operating income decreased by 16.48% to Rs. 12,395 million compared to Rs. 14,840 million in the previous year. Net profit declined by 89.30% to Rs. 224 million from Rs. 2,093 million in 2011-12.
- The company expanded its operations from onshore to offshore drilling by obtaining a contract in Egypt but operations were impacted by the dehiring of some rigs and cancellation of a coal bed methane contract by ONGC.
United Spirits to operate Diageo brands in India; buyIndiaNotes.com
In a postal ballot document shared with exchanges, UNSP has given detailed contours of its proposed arrangement to manufacture, import and distribute Diageo brands in India. Following are the key highlights from the same and our interaction with the management.
Indoco Remedies reported quarterly results slightly below expectations due to restructuring of its domestic business. Sales grew 9% to Rs 216 crore while margins improved. Exports grew 23% but was offset by weak 2% domestic growth. The company expects the domestic segment to recover in the second half of the year. For the full year, sales are expected to grow 19% overall. While the quarter saw short-term impacts of domestic restructuring, the analyst maintains a HOLD recommendation based on the company's business model and expectations for profitability and returns to further expand.
Top Financial Research is a leading share market advisory in Indore provides intraday tips, mcx free tips, free stock advice, online market tips, today market tips.
Somany Ceramics Ltd is an Indian tiles company that is expected to see strong revenue growth through capacity additions and an improved product mix. The company's capacity is expected to increase 25% by fiscal year 2015, with over half of new capacity for higher margin polished vitrified tiles. This, along with a focus on patented products like VC tiles and Slip Shield tiles, is positioned to drive market share gains and increasing profitability. Somany Ceramics is recommended as a "Buy" based on an expected 18% upside to the target price over the next 9-12 months.
GIC Housing Finance's surplus scenario likely to continue for next three year...IndiaNotes.com
GIC Housing Finance Ltd reported financial results for the quarter ended June 30, 2015. Net sales grew 21.31% to Rs. 2045.80 million compared to the same quarter last year. Net profit grew 11.40% to Rs. 282.50 million. EPS was Rs. 5.25, up from Rs. 4.71 the previous year. For the full 2015 fiscal year, net sales grew 17% to Rs. 7327.40 million. The company expects continued growth over the next few years and the analyst recommends buying the stock with a target price of Rs. 260.
Comparative statement of reliance industries ltdvijay jha
Reliance Industries Ltd is an Indian conglomerate founded as a textile company by Dhirubhai Ambani. The company has diversified into petrochemicals, oil and gas exploration, refining and other industries. The balance sheet comparison from 2009 to 2010 shows an increase in total assets but a decrease in total liabilities. Key increases include net block, inventories and debtors. However, capital work in progress and unsecured loans decreased significantly. The current financial position is assessed as weak due to negative working capital in both years.
BK India will acquire an 85% stake in BK Indonesia for USD183mn, valuing it at a single digit EV/EBITDA multiple. This marks BK India's entry into the large Indonesian market. BK Indonesia aims to increase margins by focusing on chicken offerings and expanding full-service drive-thrus. The acquisition is expected to increase BK India's fair value by Rs. 25/share based on a discounted valuation of BK Indonesia relative to BK India. The brokerage maintains a Buy rating and unchanged target price of Rs. 250 for BK India.
- Shiv-Vani Oil & Gas Exploration Services Limited reported consolidated financial results for the year ending March 31, 2013.
- Consolidated operating income decreased by 16.48% to Rs. 12,395 million compared to Rs. 14,840 million in the previous year. Net profit declined by 89.30% to Rs. 224 million from Rs. 2,093 million in 2011-12.
- The company expanded its operations from onshore to offshore drilling by obtaining a contract in Egypt but operations were impacted by the dehiring of some rigs and cancellation of a coal bed methane contract by ONGC.
The document analyzes the financial ratios of Millat Tractor from 2015-2014. It calculates various liquidity, solvency, activity, and profitability ratios. The current ratio decreased slightly from 2.28 to 2.21, while the quick ratio improved from 1.21 to 1.32. The debt-to-equity ratio increased from 0.53 to 0.61, while the debt ratio rose from 34.50% to 37.52%, indicating slightly higher risk. Inventory and receivables turnover ratios increased, showing better management of assets. Finally, the gross profit ratio improved from 17.82% to 19.43%, a positive sign of decreasing costs.
This report provides an equity research analysis of Ultramarine & Pigments Ltd., a specialty chemicals company based in India. The report discusses the company's background and operations in pigments, surfactants, and IT services. It highlights recent developments like plans to expand surfactant production and an increased focus on IT services. Financially, the company has seen rising revenues and profits in recent quarters. The report recommends the stock as a potential multibagger, setting a target price that is 80% higher than the current market price.
CARE assigned short-term and long-term credit ratings to JK Tyre & Industries Ltd. The short-term ratings of PR1 were assigned to the company's commercial paper/short-term debt programme and short-term bank facilities, indicating strong capacity for timely repayment. A long-term rating of CARE A was also assigned to the company's long-term bank facilities, reflecting adequate safety for timely debt repayment. However, the ratings are constrained by JK Tyre's high gearing and susceptibility to raw material price fluctuations.
(Horizontal, Vertical and Ratio Analysis of Financial Statement)ANUJ GOYAL
This document provides an analysis of the financial statements of CEAT Tyres over 2011-2012. Some key findings include:
- Net sales increased 28% to Rs. 4,440 crore in FY 2011-12 compared to the previous year. Operating profit margin improved to 5.7% and operating profit increased 74% to Rs. 255.56 crore.
- Interest and depreciation costs increased sharply by 91% and 106% respectively, causing profit before tax to fall 71% to Rs. 9.78 crore.
- Debt levels increased slightly by Rs. 94 crore due to higher inventory and lower demand. The debt to equity ratio remained around 1.3x.
- Gross
This document provides an equity research report on Chemfab Alkalis Ltd, a commodity chemicals company based in Chennai, India. The report discusses the company's background and products, recent developments including replacing old plants, financial performance over the last six quarters, peer comparison, and risks. The report recommends the stock, noting the company stands to benefit from rebounding domestic demand and higher international caustic soda prices. The target price is Rs. 170, with an expected return of 12-24 months.
Godrej Properties Q3FY15: Buy for medium to long term investmentIndiaNotes.com
Godrej Properties Ltd reported financial results for Q3 FY2015 with net sales up 114.63% to Rs. 5193.04 million and net profit up 26.44% to Rs. 472.42 million. Earnings per share stood at Rs. 2.37, up 26.37% from the prior year. During the quarter, the company added a new project in Mumbai with 1.2 million square feet of saleable area and total bookings increased in value to Rs. 5480 million and volume to 701,729 square feet. Estimates show net sales and profit expected to grow at a CAGR of 23% and 9% from FY2013-FY2016 respectively on the back
This document provides an investment analysis on Isgec Heavy Engineering Ltd. Key highlights include:
- The company is recommended as a buy with a fair share price estimate of Rs. 5217 based on an estimated FY16 EV/EBITDA multiple of 12x.
- The company has shown strong growth in revenues, orders, and profits recently through improved market share and export focus.
- It has entered new partnerships and projects that are expected to boost margins going forward, though some refinery projects may be delayed due to low oil prices.
- A subsidiary incurred losses but the sugar industry outlook is positive due to government support.
1. The document provides an overview and financial analysis of Reliance Communications Ltd, an Indian telecommunications company.
2. Key financial details from the profit and loss account and balance sheet for 2012-2009 are presented, including revenues, expenses, assets, liabilities, and profit/loss.
3. Financial ratios like current ratio and quick ratio are calculated for each year to analyze the company's liquidity and ability to meet short-term obligations.
Vedanta acquired a controlling stake in Cairn India Ltd. Specifically:
- Vedanta bought an 11% stake in Cairn India from Petronas for $1.5 billion in 2011.
- In December 2011, Vedanta acquired 30% of Cairn India from Cairn Energy for a total of $8.67 billion, giving it a 58.5% controlling stake.
- The acquisition provided Vedanta access to Cairn India's significant oil reserves in India and was expected to be immediately earnings accretive for Vedanta.
- The Nifty closed significantly lower, losing 114 points, while the Sensex fell 366 points, as markets were weighed down by weakness in banks, IT, realty and capital goods stocks.
- Global markets also declined as uncertainty loomed over Europe following election results in France and Greece.
- Among sectoral indices, banking, IT, and capital goods indices saw losses of 2-3%, while mid and small cap indices fell 1-2%.
This document provides an equity research report on Acrysil (India) Ltd, which manufactures quartz and granite kitchen sinks. Some key points:
- Acrysil is a leading manufacturer of composite quartz sinks in India and exports to over 30 countries. Exports account for 80% of revenues.
- Recent developments include adding new institutional customers, entering new geographies, and launching new product lines in India to target the premium kitchen segment.
- Financial performance has been positive with rising revenues, though profits have recently declined due to higher raw material costs. Forecasts estimate continued revenue and profit growth.
- Risks include reliance on exports and susceptibility to global economic conditions, as well as inflation
QNBFS Weekly Market Report February 17, 2022QNB Group
- The weekly market report provides an overview of market performance in regional indices such as Qatar, Dubai, Abu Dhabi, Saudi Arabia, and others for the week ending February 17, 2022.
- It also summarizes the performance of the Qatar Stock Exchange for the week, noting a 0.57% decline in the QSE Index. Trading value and volume increased week-over-week.
- News briefs highlight quarterly earnings reports from Qatari companies like QLMI, QEWS, BRES, and ORDS, as well as an upcoming $500 million dairy project in the Philippines by Qatari company Baladna.
The document provides market commentary and corporate earnings updates for India and global markets on November 9, 2010. Key points:
- Indian markets ended higher with the Sensex up 0.39% and Nifty gaining 0.45%, supported by gains in FMCG, IT, tech and realty stocks. Midcap and smallcap indices also closed higher.
- Global markets were mixed with US indices closing lower and Asian markets opening mixed, with Japan's Nikkei up 1.1% while Hong Kong's Hang Seng fell 0.25%.
- Earnings updates are provided for companies such as Tata Motors, Divis Labs, and Hindalco Industries among others.
Reliance Industries Limited is India's largest private sector company with major operations in energy, petrochemicals, textiles, natural resources and telecommunications. It has a dominant position in India's oil and gas sector as the country's largest private operator with over 100,000 square kilometers of exploration acreage. Reliance is also India's largest private power producer and owns the country's largest petroleum retail network. The company has a consistent track record of growth over the past decades and is well positioned for further expansion in India's major growth sectors.
Strategic management cairn india by dheerajDheeraj Mehta
Cairn Energy plc is a Scottish oil and gas exploration company headquartered in Edinburgh. It has operations in multiple countries and produces around 33,000 barrels per day. It previously had major operations in India but sold its Indian subsidiary, Cairn India, to Vedanta Resources in 2010. Cairn India focuses on oil production in western and eastern India and has significant reserves in Rajasthan. Cairn's strategy focuses on building relationships with stakeholders and seeks win-win partnerships to maintain its social license to operate.
Vedanta Resources is acquiring a majority stake in Cairn India from Cairn Energy for $8.68 billion. This deal allows Vedanta to diversify into the oil and gas sector from its core metals and mining business. Some key issues pertaining to the deal include integrating Cairn India's operations, managing different stakeholder interests, and addressing financial and regulatory concerns regarding the large acquisition. The deal is expected to benefit both companies by providing growth opportunities while maintaining stability for Cairn India's business and management.
This presentation analyzes the liquidity performance of three major Indian automobile companies - Bajaj Auto Ltd., Hero Motocorp Ltd., and TVS Motor Company Ltd. from 2012 to 2014 using current ratio, liquid ratio, and absolute liquid ratio. The analysis shows that Bajaj Auto Ltd. and Hero Motocorp Ltd. have more assets compared to liabilities and sufficient liquid assets to meet short-term debts, indicating good financial condition. In contrast, TVS Motor Company Ltd. has more liabilities than assets, insufficient liquid cash, and would need to sell inventory to pay debts, suggesting weaker financial performance compared to the other two companies. Overall, Hero Motocorp Ltd. demonstrates the strongest liquidity and financial
The document provides information about Bajaj Pulsar motorcycle brand owned by Bajaj Auto in India. It discusses the company's history and achievements, the evolution of Pulsar models over time from 2001-2010, including the introduction of new engine technologies. It also includes summaries of sales and export data for Pulsar from 2002-2005, analyzing mean, standard deviation, variance, coefficients and quartiles. The conclusion compares the sales and export variable analyses, finding average sales higher than exports and exports more consistent than sales.
Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) - the only 2Wheeler company of Honda in India today added a vibrant twist to its motorcycles portfolio in India with the launch of all new CB Unicorn 160.
The document analyzes the financial ratios of Millat Tractor from 2015-2014. It calculates various liquidity, solvency, activity, and profitability ratios. The current ratio decreased slightly from 2.28 to 2.21, while the quick ratio improved from 1.21 to 1.32. The debt-to-equity ratio increased from 0.53 to 0.61, while the debt ratio rose from 34.50% to 37.52%, indicating slightly higher risk. Inventory and receivables turnover ratios increased, showing better management of assets. Finally, the gross profit ratio improved from 17.82% to 19.43%, a positive sign of decreasing costs.
This report provides an equity research analysis of Ultramarine & Pigments Ltd., a specialty chemicals company based in India. The report discusses the company's background and operations in pigments, surfactants, and IT services. It highlights recent developments like plans to expand surfactant production and an increased focus on IT services. Financially, the company has seen rising revenues and profits in recent quarters. The report recommends the stock as a potential multibagger, setting a target price that is 80% higher than the current market price.
CARE assigned short-term and long-term credit ratings to JK Tyre & Industries Ltd. The short-term ratings of PR1 were assigned to the company's commercial paper/short-term debt programme and short-term bank facilities, indicating strong capacity for timely repayment. A long-term rating of CARE A was also assigned to the company's long-term bank facilities, reflecting adequate safety for timely debt repayment. However, the ratings are constrained by JK Tyre's high gearing and susceptibility to raw material price fluctuations.
(Horizontal, Vertical and Ratio Analysis of Financial Statement)ANUJ GOYAL
This document provides an analysis of the financial statements of CEAT Tyres over 2011-2012. Some key findings include:
- Net sales increased 28% to Rs. 4,440 crore in FY 2011-12 compared to the previous year. Operating profit margin improved to 5.7% and operating profit increased 74% to Rs. 255.56 crore.
- Interest and depreciation costs increased sharply by 91% and 106% respectively, causing profit before tax to fall 71% to Rs. 9.78 crore.
- Debt levels increased slightly by Rs. 94 crore due to higher inventory and lower demand. The debt to equity ratio remained around 1.3x.
- Gross
This document provides an equity research report on Chemfab Alkalis Ltd, a commodity chemicals company based in Chennai, India. The report discusses the company's background and products, recent developments including replacing old plants, financial performance over the last six quarters, peer comparison, and risks. The report recommends the stock, noting the company stands to benefit from rebounding domestic demand and higher international caustic soda prices. The target price is Rs. 170, with an expected return of 12-24 months.
Godrej Properties Q3FY15: Buy for medium to long term investmentIndiaNotes.com
Godrej Properties Ltd reported financial results for Q3 FY2015 with net sales up 114.63% to Rs. 5193.04 million and net profit up 26.44% to Rs. 472.42 million. Earnings per share stood at Rs. 2.37, up 26.37% from the prior year. During the quarter, the company added a new project in Mumbai with 1.2 million square feet of saleable area and total bookings increased in value to Rs. 5480 million and volume to 701,729 square feet. Estimates show net sales and profit expected to grow at a CAGR of 23% and 9% from FY2013-FY2016 respectively on the back
This document provides an investment analysis on Isgec Heavy Engineering Ltd. Key highlights include:
- The company is recommended as a buy with a fair share price estimate of Rs. 5217 based on an estimated FY16 EV/EBITDA multiple of 12x.
- The company has shown strong growth in revenues, orders, and profits recently through improved market share and export focus.
- It has entered new partnerships and projects that are expected to boost margins going forward, though some refinery projects may be delayed due to low oil prices.
- A subsidiary incurred losses but the sugar industry outlook is positive due to government support.
1. The document provides an overview and financial analysis of Reliance Communications Ltd, an Indian telecommunications company.
2. Key financial details from the profit and loss account and balance sheet for 2012-2009 are presented, including revenues, expenses, assets, liabilities, and profit/loss.
3. Financial ratios like current ratio and quick ratio are calculated for each year to analyze the company's liquidity and ability to meet short-term obligations.
Vedanta acquired a controlling stake in Cairn India Ltd. Specifically:
- Vedanta bought an 11% stake in Cairn India from Petronas for $1.5 billion in 2011.
- In December 2011, Vedanta acquired 30% of Cairn India from Cairn Energy for a total of $8.67 billion, giving it a 58.5% controlling stake.
- The acquisition provided Vedanta access to Cairn India's significant oil reserves in India and was expected to be immediately earnings accretive for Vedanta.
- The Nifty closed significantly lower, losing 114 points, while the Sensex fell 366 points, as markets were weighed down by weakness in banks, IT, realty and capital goods stocks.
- Global markets also declined as uncertainty loomed over Europe following election results in France and Greece.
- Among sectoral indices, banking, IT, and capital goods indices saw losses of 2-3%, while mid and small cap indices fell 1-2%.
This document provides an equity research report on Acrysil (India) Ltd, which manufactures quartz and granite kitchen sinks. Some key points:
- Acrysil is a leading manufacturer of composite quartz sinks in India and exports to over 30 countries. Exports account for 80% of revenues.
- Recent developments include adding new institutional customers, entering new geographies, and launching new product lines in India to target the premium kitchen segment.
- Financial performance has been positive with rising revenues, though profits have recently declined due to higher raw material costs. Forecasts estimate continued revenue and profit growth.
- Risks include reliance on exports and susceptibility to global economic conditions, as well as inflation
QNBFS Weekly Market Report February 17, 2022QNB Group
- The weekly market report provides an overview of market performance in regional indices such as Qatar, Dubai, Abu Dhabi, Saudi Arabia, and others for the week ending February 17, 2022.
- It also summarizes the performance of the Qatar Stock Exchange for the week, noting a 0.57% decline in the QSE Index. Trading value and volume increased week-over-week.
- News briefs highlight quarterly earnings reports from Qatari companies like QLMI, QEWS, BRES, and ORDS, as well as an upcoming $500 million dairy project in the Philippines by Qatari company Baladna.
The document provides market commentary and corporate earnings updates for India and global markets on November 9, 2010. Key points:
- Indian markets ended higher with the Sensex up 0.39% and Nifty gaining 0.45%, supported by gains in FMCG, IT, tech and realty stocks. Midcap and smallcap indices also closed higher.
- Global markets were mixed with US indices closing lower and Asian markets opening mixed, with Japan's Nikkei up 1.1% while Hong Kong's Hang Seng fell 0.25%.
- Earnings updates are provided for companies such as Tata Motors, Divis Labs, and Hindalco Industries among others.
Reliance Industries Limited is India's largest private sector company with major operations in energy, petrochemicals, textiles, natural resources and telecommunications. It has a dominant position in India's oil and gas sector as the country's largest private operator with over 100,000 square kilometers of exploration acreage. Reliance is also India's largest private power producer and owns the country's largest petroleum retail network. The company has a consistent track record of growth over the past decades and is well positioned for further expansion in India's major growth sectors.
Strategic management cairn india by dheerajDheeraj Mehta
Cairn Energy plc is a Scottish oil and gas exploration company headquartered in Edinburgh. It has operations in multiple countries and produces around 33,000 barrels per day. It previously had major operations in India but sold its Indian subsidiary, Cairn India, to Vedanta Resources in 2010. Cairn India focuses on oil production in western and eastern India and has significant reserves in Rajasthan. Cairn's strategy focuses on building relationships with stakeholders and seeks win-win partnerships to maintain its social license to operate.
Vedanta Resources is acquiring a majority stake in Cairn India from Cairn Energy for $8.68 billion. This deal allows Vedanta to diversify into the oil and gas sector from its core metals and mining business. Some key issues pertaining to the deal include integrating Cairn India's operations, managing different stakeholder interests, and addressing financial and regulatory concerns regarding the large acquisition. The deal is expected to benefit both companies by providing growth opportunities while maintaining stability for Cairn India's business and management.
This presentation analyzes the liquidity performance of three major Indian automobile companies - Bajaj Auto Ltd., Hero Motocorp Ltd., and TVS Motor Company Ltd. from 2012 to 2014 using current ratio, liquid ratio, and absolute liquid ratio. The analysis shows that Bajaj Auto Ltd. and Hero Motocorp Ltd. have more assets compared to liabilities and sufficient liquid assets to meet short-term debts, indicating good financial condition. In contrast, TVS Motor Company Ltd. has more liabilities than assets, insufficient liquid cash, and would need to sell inventory to pay debts, suggesting weaker financial performance compared to the other two companies. Overall, Hero Motocorp Ltd. demonstrates the strongest liquidity and financial
The document provides information about Bajaj Pulsar motorcycle brand owned by Bajaj Auto in India. It discusses the company's history and achievements, the evolution of Pulsar models over time from 2001-2010, including the introduction of new engine technologies. It also includes summaries of sales and export data for Pulsar from 2002-2005, analyzing mean, standard deviation, variance, coefficients and quartiles. The conclusion compares the sales and export variable analyses, finding average sales higher than exports and exports more consistent than sales.
Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) - the only 2Wheeler company of Honda in India today added a vibrant twist to its motorcycles portfolio in India with the launch of all new CB Unicorn 160.
The document discusses the promotion strategy of Bajaj Pulsar motorcycles through various television and YouTube advertisements campaigns from 2008-2015. These include the "Fastest Indian Series" and "Pulsar Mania Series" which promoted the Pulsar 220 and Pulsar 200 variants. YouTube links are provided for advertisements of the Pulsar 180 DTSi, Pulsar 200 variants, and competitor motorcycle Karizma featuring actor Hrithik Roshan. The campaigns aimed to position Bajaj Pulsar as the ultimate racing machine.
Market in the Moment to Boost Consumer EngagementInMobi
Every brand marketer is convinced that mobile is central to a brand’s marketing strategy. However, till now marketers have had to be satisfied with guesswork when it comes to meeting marketing objectives and being truly relevant to consumers.
Move beyond hoping for tangible outcomes, and sign-up for this Webinar in order to learn -
-What moment marketing is and why it is important for your brands
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This document provides an introduction and overview of a study on consumer behavior towards the new Hero Karizma ZMR motorcycle. It includes:
1) An acknowledgement section thanking various individuals for their support and guidance.
2) A declaration by the author stating that this is their original work and has not been submitted elsewhere.
3) Tables of contents and lists detailing the chapters, tables, and charts included in the study.
4) An introduction to concepts of marketing, markets, and consumer behavior that provides context and background for the study.
The document discusses customer satisfaction in the context of Hero Honda motors. It aims to measure customer satisfaction levels and identify reasons for dissatisfaction to provide feedback to the company. A questionnaire will be used to collect information from customers on their satisfaction levels and the factors influencing it. The findings will then be analyzed statistically and suggestions provided to address any problems. Customer satisfaction is important for customer retention and business success.
Here are some of the key challenges that Hero and its rivals encountered due to their relationships with foreign partners:
- Dependency on foreign technology and know-how made them vulnerable. When relationships soured or partners wanted more control, it impacted operations.
- Foreign partners had different business priorities and strategies which didn't always align with the Indian partners over time. This led to conflicts and parting of ways.
- Inability to develop indigenous technology and R&D capabilities independently as long as foreign partner held majority stake and control over technical aspects.
- Restrictions on using partner's brand and technology beyond agreed terms of collaboration. This limited growth opportunities.
- Loss of ownership and control over strategic decisions as equity stake of
A project on impact of post sales service on customer satisfaction at hero hondaBabasab Patil
This document summarizes a study on the impact of post-sales service on customer satisfaction. It includes an executive summary that outlines the company profile, objectives and methodology of the study. It also includes chapters on data analysis, findings, suggestions and conclusions from administering a questionnaire to collect customer feedback on post-sales service satisfaction levels.
A project report on customer satisfaction at basaveshwara motorsBabasab Patil
This document provides an overview of Basaveshwara Motors, an authorized service dealer of Hero Honda vehicles in Ilkal. It discusses the company's organization structure, sales procedures, and opening of its service station in 2009. The document also provides background on Hero Honda Auto Limited, the largest two and three-wheeler manufacturer in India, and its research and development and international marketing efforts.
Hero MotoCorp is the world's largest manufacturer of two-wheelers, based in India. It was formed from the joint venture of Hero Honda in 1984. The company maintains the top position as the world's largest two-wheeler manufacturer in terms of annual unit sales. Hero MotoCorp produces a wide range of motorcycles and scooters. Its mission is to become a global enterprise that fulfills customers' mobility needs and aspirations. The company aims to expand its global footprint and strengthen its product portfolio, operations, and brand building activities.
A study on consumer buying behaviour at the time to purchase hero honda bikeProjects Kart
The document discusses the history and background of Hero Honda Motors Limited, a leading Indian manufacturer of motorcycles and scooters. It began as a joint venture in 1984 between Hero Group of India and Honda of Japan. Since 2001, Hero Honda has been the world's largest manufacturer of two-wheeled vehicles, producing over 1.3 million motorcycles in a single year. The company specialized in affordable, fuel-efficient dual-purpose motorcycles and is headquartered in Haryana, India with two main production plants. India has one of the largest two-wheeler markets in the world dominated by motorcycles and scooters.
A comparative study of customer satisfaction towards performance of Hero, Baj...hasnain2
MBA marketing project report on
A comparative study of customer satisfaction towards performance of Hero, Bajaj, Honda and Tvs bikes(A Case of Malegaon City)
- The company's reserves and surpluses increased by 45.74% due to higher profits in 2012 compared to 2011. The company's working capital also increased substantially by 72.23%.
- While secured and unsecured loans decreased, investments also decreased substantially to repay some of the loans. Liquid assets like cash and debtors increased significantly.
- Inventory levels increased possibly due to lower demand, but the company's inventory turnover ratio remains high, indicating efficient inventory management.
- Key financial ratios like debt-equity, earnings per share and price-earnings all improved in 2012 compared to previous years, signaling stronger financial performance.
This document analyzes the financial performance of Bajaj Auto, an Indian automobile manufacturer, over multiple years. It examines various financial ratios related to profitability, liquidity, leverage and cash flows. Key findings include Bajaj Auto's receivables management being strong for an Indian manufacturing firm, with most debt collected within six months. The analysis concludes that Bajaj Auto has effectively managed the impacts of recession and maintains a strong debtor collection system and growing turnover.
This document analyzes the financial statements of Hero MotoCorp over multiple years from 2009-2013. It includes trend analysis of various financial ratios categorized by overall performance, profitability, investment utilization, financial condition, and competition with competitors. The ratios show Hero MotoCorp has maintained strong profitability, returns, and financial leverage over time. A conclusion section compares Hero MotoCorp to its major competitors on metrics like stock price, market capitalization, sales turnover, net profit, and net assets.
DO-PONT & CASH FLOW ANALYSIS OF J P ASSOCIATESSandeep Patel
The document provides details about Jaiprakash Associates Limited, an Indian infrastructure company. It analyzes the company's cash flows, profits, assets and returns over several years:
- Cash flows from operating activities have been declining while investing activities show negative returns, indicating stagnant growth. Financing activities show decreasing cash flow, making it difficult to acquire financing.
- Profits have increased but returns on assets (ROA) are decreasing as the company is unable to fully utilize its resources. Returns on equity (ROE) have increased as shareholders receive a fair return.
- The retention ratio and internal growth rate are declining as ROA decreases, meaning the company struggles to use internal resources for optimum growth.
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Founder - Jamnalal Bajaj
Year of Establishment -1926
Industry Automotive - Two & Three Wheelers Business
Group -The Bajaj Group
Listings & its codes BSE - Code: 500490; NSE - Code: BAJAJAUTO
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- Total revenues increased by $44.765 million or 14.4% from 2011 to 2012, showing growth in the business. Higher revenues are positive.
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Financial analysis of Hero Motorcorp'13 pptSakshi Garg
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Mergers and Acquisitions Management PowerPoint Presentation Slides SlideTeam
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2. ANNUAL REPORT ON
HERO MOTORS LTD
PRESENTED BY:
ANIRBAN MUKHERJEE
KUSHAL BISWAS
SANJEET SINGH THAKUR
DEEPAK DAS
HARJYOT SINGH
NIKHIL CHANDRAVANSHI
ABDUL JABBAR
3. INTRODUCTION
Hero Motors Ltd. is the world's largest manufacturer of two
wheelers, based in India.
The company was a joint venture between India's Hero
Group and Honda Motor Company, Japan that began in 1984
later in 2011 it turn into Hero Motors Limited.
In 2001, the company achieved the coveted position of
being the largest two-wheeler manufacturing company in India
and the “World No.1” two-wheeler company in terms of unit
volume sales in a calendar year by a single company. Hero
has retained that coveted position till date.
Today, every second motorcycle sold in the country is a
Hero Honda bike. Every 30 seconds, someone in India buys
Hero splendor which is India‟s selling motor cycle.
4. ABOUT HERO MOTORS LTD
VISION:
The HERO story began with a simple vision- the vision of a mobile and
an empowered India, powered by Hero. This vision was driven by
Hero‟s commitment to customer, quality and excellence, and while doing
so, maintaining the highest standard of ethics and social respnsibilities.
Hero believes that the fastest way to turn that dream to reality is by
remaining focused on that vision.
STRATEGY:
Hero key strategy has been driven by innovation in every sphere of
activity- building a robost product portfolio across categories, exploring
new markets, aggresively expanding the network and continuing to
invest inbrand building activities.
5. ABOUT HERO MOTORS LTD
Manufacturing:
Hero Honda bikes are manufactured across three globally benchmarked
manufacturing facilities. Two of these are based at Gurgaon and
Dharuhera which are located in the state of Haryana in northern India.
The third and the latest manufacturing plant is based at Haridwar, in the
hill state of Uttarakhand.
Technology:
In the 1980s Hero pioneered the introduction of fuel-efficient,
environment friendly four-stroke motorcycles in the country. Today Hero
continues to be technology pioneer. It became the first company to
launch the Fuel Injection (FI) technology in Indian motorcycles, with the
launch of the Glamour FI in June2006
6. ABOUT HERO MOTORS LTD
Products:
Hero product range includes variety of motor cycles that have set the
industry standards across all the market segments. The company
also started manufacturing scooter in2006.Hero offers large no. of
products and caters to wide variety of requirements across all
the segments.
Distribution:
The company's growth in the two wheeler market in India is the result of
an intrinsic ability to increase reach in new geographies and growth
markets. Hero extensive sales and service network now spans close
to 4500 customer touch points. These comprise a mix of authorized
dealerships, Service& Spare Parts outlets, and dealer-appointed outlets
across the country.
7. Current Trend
Hero MotoCorp Ltd (HMCL), the world‟s largest two-wheeler
manufacturer, today reported sales of 4,84,217 units of two-wheelers in
the month of July 2012.
HMCL had sold 4,91,036 units in the corresponding month last year.
Mr. Anil Dua, Senior Vice-President (Marketing & Sales), Hero MotoCorp
Ltd said, “The two-wheeler industry in the country has been experiencing
sluggish growth for past few months.
We are strengthening our brand and saliency in midst of a challenging
environment where a patchy monsoon, rising petrol prices and high
interest rates have been affecting retail sales in both rural and urban
markets.
Our brand and models are salient on the current bilateral cricket series
and Olympics.
We continue to launch new models, air new campaigns and expand our
network as we look forward to the commencement of the festive season
with cautious optimism.”
.
8. Current Trend :
HMCL recently announced its best-ever turnover (Net Sales & Other
Operating income) of Rs. 6247.28 crores for the first quarter (April-June
2012) of FY‟13.
The company‟s profit before tax for the period stood at Rs 734.88
crore, while profit after tax (PAT) for the period stood at Rs 615.46
crores.
The Company has recorded an EBIDTA margin of 15 per cent. Hero
MotoCorp registered its highest ever quarterly sales of 16,42,292 two-
wheelers in the first quarter this fiscal, fuelled by two consecutive
months of highest-ever monthly sales witnessed by the company in the
months of April (5,51,557) and May (5,56,644).
Hero MotoCorp has strengthened its presence in the deluxe segment
with the launch of its new 125cc motorcycle – Hero “Ignitor”.
The sporty looking „Ignitor‟ is loaded with impressive features and is
attractively priced at Rs. 55,900/- for the drum-self-cast variant and Rs
57,900/- for the disc-self-cast variant.
9. Why Annual Report is important??
One wants to know how well the company is doing , how well it is
upcoming changes projected for the next year, and about the
management staff of the company.
One want to find out whether the company is making more money than
it is spending.
One want to get an idea of management‟s strategic plan for the coming
year.
Shareholders can use the annual report to make important decisions.
10. What is a Director Report ? Why is it important ?
It is obligatory on the part of the directors to make out and attach to every
balance sheet laid before company in general meeting, a report known as
“directors report”.
The report is intended to report, to all interested stakeholders, the
directors' explanations and interpretations of the profit/loss, the state of
affairs of the group and any other matters which may be material for the
stakeholders' attention.
11. Why is Auditor appointed ? What is an Auditor’s report ?
Auditors are appointed to certify whether the financial
statements reflects a true and fair view of an entity or not.
Auditors provide an independent opinion.
The auditor‟s report is a means by which the auditor
communicates the findings of his examination to the readers
of financial statements viz.. Shareholders, creditors, financial
institutions and all others who have a stake in the company or
wish to acquire a stake with the company
12. ACCOUNTING POLICY:
The financial statements of the Company have been prepared in accordance with
the Generally Accepted Accounting Principles in India
The financial statements have been prepared on accrual basis under the
historical cost convention.
Fixed assets are stated at cost less accumulated depreciation. Cost of acquisition
is inclusive of freight,duties, taxes and other incidental expenses.
Depreciation is charged on a pro-rata basis at the straight line method rates.
Intangible assets, comprising of expenditure on model fee etc, incurred are
amortised on a straight line method over a period of five years.
Leasehold land has been amortised over the period of Lease
Current investments are stated at lower of cost and fair value computed category
wise.
Long term investments are stated at cost less provision for permanent diminution,
if any.
Stores and spares and loose tools are stated at cost or under.Raw materials and
components, finished goods and work in progress are valued at cost.
14. INTERPRETATION:
Reserves and surpluses increased by Rs. 1333.77 cr. means the profitability of the
company has increased by 45.74% as compared to previous year i.e. 2011.
There is no change in the share capital of the company as because it has not issued
any share.
Secured and unsecured loans have decreased more than the decrease in fixed
assets shows that the company has used a part of current asset i.e. investment. That is
why investment has decreased by Rs.1164.49cr i.e. 22.71% decrease as compared to
the previous year 2011.
There is an increase in liquid assets i.e. cash and debtors over the last year by
108.52% and 7.41% respectively. This shows that the company has improved its
liquidity position.
The company had working capital of Rs. 539.39cr in 2011 and Rs. 1468.30 cr in
2012. It means the working capital has increased by 72.23% and this is an extremely
good improvement in the current financial position of the business.
There is an increase in inventory worth Rs. 150.64cr which can be on account of
accumulation of stock for want of customers, decrease in demand or inadequate sales
promotion efforts.
15.
16. INTERPRETATION:
There is no change in share capital as because the company had not
issued any share
There is 14.86% decrease in reserves and surpluses in 2011 as
compared to the base year 2010 and an increase of 24.08% in
reserves and surpluses of the company.
Liquid assets and loans and advances showing an increasing trend.
The former increased by 24.23% and 155.26% in 2011 and 2012
respectively. The later increased by 78.69% and 111.42% in 2011 and
2012 respectively.
Current assets showing a decreasing trend. It has decreased by
8.18% and 21.78% in 2011 and 2012 respectively as compared to the
base year 2010.
Current liabilities increased by 34.06% in 2011 and decreased by
11.22% in 2012 as compared to base year 2010.
17. COMMON-SIZE BALANCE SHEET ANALYSIS OF HERO
MOTOCORP
AS ON 31-MARCH 2011 AND 2012
(in cr.) (in cr.)
GROSS B OCK
L 5 ,5 3 8 .4 6 5 1 .0 7 6 ,3 0 8 .2 6 6 3 .7 5
L SS: A
E CC. DE E
PR CIATION 1 ,4 5 8 .1 8 1 3 .4 5 2 ,5 2 2 .7 5 2 5 .4 9
NE B OCK
T L 4 ,0 8 0 .2 8 3 7 .6 2 3 ,7 8 5 .5 1 3 8 .2 6
CAPITA WOR - IN- PR
L K OGESS 1 2 5 .1 4 1 .1 5 1 9 3 .9 5 1 .9 6
INVESTMENTS 5 ,1 2 8 .7 5 4 7 .2 9 3 ,9 6 4 .2 6 4 0 .0 6
INVENTOR S
IE 5 2 4 .9 3 4 .8 4 6 7 5 .5 7 6 .8 3
SUNDR DE TOR
Y B 1 3 0 .5 9 1 .2 0 2 7 2 .3 1 2 .7 5
CASH A B NK
T A 7 1 .5 2 0 .6 6 7 6 .8 2 0 .7 8
LOANS AND ADVANCES 7 8 3 .4 8 7 .2 2 9 2 6 .9 9 9 .3 7
SHA E CA
R PITAL 3 9 .9 4 0 .3 7 3 9 .9 4 0 .4 0
R SE VE & SUR US
E R S PL 2 ,9 1 6 .1 2 2 6 .8 9 4 ,2 4 9 .8 9 4 2 .9 5
SECUR D L
E OANS 1 ,4 5 8 .4 5 1 3 .4 5 9 9 4 .8 5 1 0 .0 5
UNSECUR D L
E OANS 3 2 .7 1 0 .3 0 0 .0 0 0 .0 0
CUR E
R NT L B ITIE
IA IL S 5 ,3 1 6 .4 0 4 9 .0 2 3 ,5 2 0 .6 6 3 5 .5 8
PROVISIONS 1 ,0 8 1 .0 7 9 .9 7 1 ,0 9 0 .0 7 1 1 .0 2
18. INTERPRETATION:
The company‟s working capital has improved immensely. In 2011 current assets
were more than current liability by 4.97% and this year it is 14.84%. This shows
how efficient the company is in managing its working capital
RATIO ANALYSIS AND ITS COMPARISION WITH BAJAJ AUTO
LIQUIDITY RATIO
1.CURRENT RATIO
CURRENT ASSETS = WORK IN PROGRESS + INVENTORIES + SUNDRY DEBTORS +
CASH AT BANK
CURRENT RATIO, 2010 = (48.14+436.40+108.39+1,907.21)/ 3,965.69 = 0.63
CURRENT RATIO, 2011 = (125.14+524.93+130.59+71.52)/ 5,316.40 = 0.16
CURRENT RATIO, 2012 = (193.95+675.57+272.31+76.82)/ 3,520.66 = 0.34
Current ratio of all the 3 years are below the bench mark i.e. 2 which
indicates that the liquidity position of the company is not good and the firm shall not be able to
pay its current liabilities in time without facing difficulties.
Bajaj Auto has a current ratio of 0.88 in 2012 as against Hero Motocorp’s 0.34. It means
the liquidity of Bajaj Auto is more as compared to Hero Motocrop.
19. LIQUID RATIO = LIQUID ASSETS/LIQUID LIABILITIES
LIQUIDITY RATIO:
LIQUID ASSETS = CURRENT ASSETS – INVENTORIES
LIQUID RATIO, 2010 =( 2500.14-436.40)/ 3965.69 = 0.52
LIQUID RATIO, 2011 = (852.18 - 524.93)/ 5,316.40 = 0.06
LIQUID RATIO, 2012 = (1,218.65 - 675.57)/3,520.66 = 0.15
INTERPRETATION : - The bench mark for liquid ratio is 1. But the
company has liquid ratio below 1 which indicates that the company is too
much relies too much on inventory or other assets to pay its short-term
liabilities.
Bajaj Auto has a liquid ratio of 0.72 as against Hero Motocrop‟s
0.15 in 2012. Though both the company has to depend too much on
inventory or other assets to pay its short-term liabilities still Bajaj Auto has
the upper hand as compared to Hero Motocrop
20. SOLVENCY RATIO:
DEBT EQUITY RATIO = OUTSIDER‟S FUND/SHARE HOLDER‟S
FUND
SHARE HOLDER‟S FUND = SHARE CAPITAL + RESERVES AND
SURPLUSES
DEBT EQUITY RATIO, 2010 = (0.00+66.03)/( 39.94+3,425.08) = 0.02
DEBT EQUITY RATIO, 2011 = (1,458.45+32.71)/( 39.94+2,916.12) = 0.50
DEBT EQUITY RATIO, 2012 = (994.85+0)/(39.94+4249.89) = 0.23
INTERPRETATION :- The ratio of all the three years are less than 1 which
means the company has more share capital with respect to outsider‟s fund. A
higher ratio demonstrate that the company has aggressively financed its growth
through outsider‟s fund. Ultimately it helps in saving tax.
Here, both the company Hero Motocorp and Bajaj Auto has their ratio
lower than 1 i.e. 0.23 and 0.02 respectively. The higher the debt equity ratio the
better it is for the company as it helps in saving tax
21. FIXED ASSETS TO NET WORTH RATIO =
FIXED ASSETS AFTER DEPRECIATION / SHARE HOLDER’S FUND
FOR YEAR 2010 = 1,658.78 / 3,465.02 = 0.48
FOR YEAR 2011 = 4,080.28 / 2956.06 = 1.38
FOR YEAR 2012 = 3,785.51 / 4,289.83 = 0.88
INTERPRETATION : - Except 2011 in other two year the
ratio is less than 1. It indicates that that the owner‟s fund is
not sufficient in to finance the fixed assets and the company
has to depend upon outsiders to finance the fixed assets in
2012.
Here, Bajaj Auto has a ratio of 0.25 as against Hero
Motocorp‟s 0.88 in 2012. It shows owner‟s fund is more
than total fixed assets and a part of working capital is
provided the shareholders.
22. EARNING PER SHARE(EPS) = NET PROFIT AFTER TAX /
NUMBER OF EQUITY SHARES OUTSTANDING
NUMBER OF EQUITY SHARES OUTSTANDING = EQUITY SHARE CAPITAL /
PRICE PER SHARE= 39,94,00,000 / 2 = 19,97,00,000 shares
EPS FOR THE YEAR 2010,2011 AND 2012 = 2,231.83 / 19,97,00,000 =
Rs.111.76
INTERPRETATION: - EPS of Rs. 111.76 shows the amount of profit one share
produces where as EPS of Bajaj Auto is Rs.103.80. It means the profit earned by
Hero Motocorp is Rs.7.96 more as compared to Bajaj Auto.
PRICE EARNING RATIO = MARKET PRICE PER SHARE /
EARNING PER SHARE
PRICE EARNING RATIO, 2010 = 173.52 / 111.76 = 1.55 times
PRICE EARNING RATIO, 2011 = 148.03 / 111.76 = 1.32 times
PRICE EARNING RATIO, 2012 = 214.83 / 111.76 = 1.92 times
INTERPRETATION: - Price earning ratio has increased from 2010 to from 2012
which will encourage the investor to buy the shares of the company as it is the
sign of higher earnings growth in future. Where as the price earning ratio of Bajaj
Auto is 2.01 which is slightly higher than Hero Motocorp.
23. INVENTORY TURNOVER RATIO = COST OF
GOODS SOLD / AVERAGE INVENTORY
COST OF GOODS SOLD = SALES – GROSS PROFIT
AVERAGE INVENTORY =( OPENING INVENTORY + CLOSING )/2
FOR 2010 ITO RATIO = (16856.43 – 2743.65)/436.40 = 32.33
FOR 2011 ITO RATIO = (20787.27 – 2597.07)/480.665 = 37.84
FOR 2012 ITO RATIO = (25252.98 – 3648.032)/ 600.25 = 35.99
INTERPRETION: - Inventory turnover ratio in 2012 is on the
higher end as compared to 2010 which indicates efficient management of
inventory because more frequently the stocks are sold the lesser money
is required to finance the inventory.
Bajaj Auto has 27.11 as inventory turnover ratio which is 8.88 less
than Hero Motocorp.
24. DEBTORS TURNOVER RATIO = NET CREDIT
ANNUAL SALES/ AVERAGE DEBTOR
AVG. DEBTOR = (OPENING DEBTOR + CLOSING
DEBTOR)/2
FOR 2010 = 16856.43/108.39 = 155.5
FOR 2011 = 20787.27/119.49 = 173.9
FOR 2012 = 25252.98/201.45 = 125.3
INTERPRETATION: - Debtor turnover ratio is on the higher
end. After considering the reputation a higher ratio indicates efficient
management of debtor or sales and liquidity of debtors.
Bajaj Auto‟s debtor turnover ratio is 52.10. Though it‟s a good
ratio still it is way below Hero Motocorp‟s 125.3.
25. GROSS PROFIT RATIO = (GROSS PROFIT/
NET SALES)*100
FOR 2010 = (2743.65/16856.43)*100 = 16.27%
FOR 2011= (2597.07/20787.27)*100 = 12.49%
2012 = (3648.02/25252.98)*100 = 14.44%
INTERPRETATION : - Though the gross profit has
decreased by 1.83% in 2012 as compared to 2010, it is still in the
higher side indicates that the company can make reasonable profit as
long as it keeps the overhead cost in control. It also indicates the
production efficiency of the company and how efficient the company is
in controlling production cost.
Gross profit ratio of Bajaj Auto is 18.25% which is 3.81% more
than that of Hero Motocrop. It shows that Bajaj Auto has much better
control over production cost.
26. NET PROFIT RATIO = (NET PROFIT AFTER
TAX/NET SALES)*100
2010 = (2213.83/16856.43)*100 = 13.13%
2011 = (1927.90/20787.27)*100 = 9.27%
2012= (2378.13/25252.98)*100 = 9.41%
INTERPRETATION: - There is decrease in net
profit by 3.72% in 2012 as compared to 2010. A higher
rate of net profit indicates that how efficient the company
is and how well it controls its overhead cost.
The net profit ratio of Bajaj Auto is 14.67% as
against Hero Motocrop‟s 9.41% showing a difference of
5.26%. It means Bajaj Auto is more efficient in controlling
its overhead cost as compared to Hero Motocorp.
27. LEARNING FROM FINANCIAL STATEMENT
ANALYSIS:
One of the handiest skills that we learned is how to read a
corporate financial statement and why it is important to
learn to read a financial statement. This skill is very handy if
you are interested in investing in stocks. In fact, reading a
financial statement is extremely important if you want to
invest in stocks. And understanding the numerous ratios,
which can be used to interpret the financial health of a
company is very important as each ratio has a specific
purpose.