The document outlines the typical structure and contents of a research report, including 5 chapters. Chapter 1 introduces the topic and conceptual framework. Chapter 2 reviews relevant literature, provides the rationale and objectives of the study. Chapter 3 describes the research methodology, including the design, data collection tools, and analysis methods. Chapter 4 presents and discusses the results. Chapter 5 states the conclusions, implications, limitations, and scope for future work. The document then provides examples of the contents of Chapters 1-3 for a research report on analyzing the financial performance of Sintex Industries Ltd. over the last 3 years. It discusses the company background, products, achievements and financial analysis methods like ratio analysis.
This is a part of desertation of presentation at 2nd Business Management International Conference Burapha Business School, Faculty of Management and Tourism, Burapha University, Thailand
United Parcel Service (UPS) is a package delivery company with operations in over 220 countries. The document provides an analysis of UPS stock with the following key points:
- UPS has a global integrated package delivery network and provides end-to-end supply chain solutions. It is financially strong with a history of high returns.
- Reasons to buy UPS include its strong international growth, particularly in Asia, its sustainable business practices, and potential for dividend income and growth.
- The analyst recommends purchasing 900 shares of UPS at $68,814 based on qualitative and quantitative analysis of the company's financials, industry, and prospects for 2011.
Calculating a correlation coefficient and scatter plot using excelSandra Nicks
This document provides instructions for calculating the correlation coefficient between depression and anxiety scores for 12 clients using Excel, and creating a scatter plot to visualize the relationship. The correlation coefficient calculated was 0.625, indicating a moderate positive relationship. The scatter plot was formatted to change the axis labels and title to focus on the correlation between depression and anxiety.
This document is a project report submitted by Rajesh Narayanan to SRM University for the partial fulfillment of an MBA degree. The report analyzes the pharmaceutical sector in India through fundamental analysis. It includes an introduction to fundamental analysis and the pharmaceutical industry/company profiles. The objective is to analyze major pharmaceutical companies through economic, industry and company analysis as well as financial ratio analysis.
STT Envirocorp provides engineering support, project management, and installation of bulk material handling systems for water treatment and pollution control. It also supplies bolted steel tanks and offers aftermarket services. The presentation discusses the company's history of restructuring and debt reduction after 2009, growth through new solutions and services, and potential for future growth through research and development.
FINANCIAL ANALYSIS OF RELIANCE JIO PDF.pdfVismayTyagi
The document provides an overview of financial analysis and ratio analysis. It discusses the need to analyze financial statements to better understand a company's financial position and performance. It classifies ratios into traditional categories such as liquidity, activity, profitability, and debt. Common financial analysis tools include ratio analysis, funds flow analysis, and cash flow analysis. Ratio analysis involves calculating and comparing financial metrics over time, against industry benchmarks, and between companies to evaluate performance. The summary discusses the purpose and importance of financial analysis and ratio analysis for decision making.
This document is a project report submitted by Sonali Kukreja towards partial fulfillment of an MBA degree from COER School of Management. The project applies ratio analysis to evaluate the financial performance of Cello Plastic Products Ltd over the past two years (2011-2012). The report includes an introduction to Cello, objectives of the study, theoretical background on ratio analysis, and an analytical study of the company's ratios to assess its financial position.
This document is an investor presentation by Myers Industries, Inc. outlining the company's strategic goals and financial expectations. The presentation discusses Myers' goal of focusing on industries with strong, sustainable growth potential and positioning its businesses to grow through new products, geographic expansion, and acquisitions. It provides an overview of Myers' core manufacturing and distribution businesses and growth platforms. The presentation also reviews Myers' financial goals and progress towards those goals, including sales growth, profit margins, earnings growth, and cash flow generation. It discusses Myers' balanced capital allocation approach of reinvesting in the business and returning cash to shareholders through dividends and share repurchases.
This is a part of desertation of presentation at 2nd Business Management International Conference Burapha Business School, Faculty of Management and Tourism, Burapha University, Thailand
United Parcel Service (UPS) is a package delivery company with operations in over 220 countries. The document provides an analysis of UPS stock with the following key points:
- UPS has a global integrated package delivery network and provides end-to-end supply chain solutions. It is financially strong with a history of high returns.
- Reasons to buy UPS include its strong international growth, particularly in Asia, its sustainable business practices, and potential for dividend income and growth.
- The analyst recommends purchasing 900 shares of UPS at $68,814 based on qualitative and quantitative analysis of the company's financials, industry, and prospects for 2011.
Calculating a correlation coefficient and scatter plot using excelSandra Nicks
This document provides instructions for calculating the correlation coefficient between depression and anxiety scores for 12 clients using Excel, and creating a scatter plot to visualize the relationship. The correlation coefficient calculated was 0.625, indicating a moderate positive relationship. The scatter plot was formatted to change the axis labels and title to focus on the correlation between depression and anxiety.
This document is a project report submitted by Rajesh Narayanan to SRM University for the partial fulfillment of an MBA degree. The report analyzes the pharmaceutical sector in India through fundamental analysis. It includes an introduction to fundamental analysis and the pharmaceutical industry/company profiles. The objective is to analyze major pharmaceutical companies through economic, industry and company analysis as well as financial ratio analysis.
STT Envirocorp provides engineering support, project management, and installation of bulk material handling systems for water treatment and pollution control. It also supplies bolted steel tanks and offers aftermarket services. The presentation discusses the company's history of restructuring and debt reduction after 2009, growth through new solutions and services, and potential for future growth through research and development.
FINANCIAL ANALYSIS OF RELIANCE JIO PDF.pdfVismayTyagi
The document provides an overview of financial analysis and ratio analysis. It discusses the need to analyze financial statements to better understand a company's financial position and performance. It classifies ratios into traditional categories such as liquidity, activity, profitability, and debt. Common financial analysis tools include ratio analysis, funds flow analysis, and cash flow analysis. Ratio analysis involves calculating and comparing financial metrics over time, against industry benchmarks, and between companies to evaluate performance. The summary discusses the purpose and importance of financial analysis and ratio analysis for decision making.
This document is a project report submitted by Sonali Kukreja towards partial fulfillment of an MBA degree from COER School of Management. The project applies ratio analysis to evaluate the financial performance of Cello Plastic Products Ltd over the past two years (2011-2012). The report includes an introduction to Cello, objectives of the study, theoretical background on ratio analysis, and an analytical study of the company's ratios to assess its financial position.
This document is an investor presentation by Myers Industries, Inc. outlining the company's strategic goals and financial expectations. The presentation discusses Myers' goal of focusing on industries with strong, sustainable growth potential and positioning its businesses to grow through new products, geographic expansion, and acquisitions. It provides an overview of Myers' core manufacturing and distribution businesses and growth platforms. The presentation also reviews Myers' financial goals and progress towards those goals, including sales growth, profit margins, earnings growth, and cash flow generation. It discusses Myers' balanced capital allocation approach of reinvesting in the business and returning cash to shareholders through dividends and share repurchases.
The document provides background information on the topic of ratio analysis for a company called Silvassa Packaging. It discusses:
1. The introduction and background of the study, which is being conducted as a college project to gain practical exposure.
2. The need for the study to analyze the financial performance and position of the company using ratio analysis.
3. The scope of the study, which is limited to ratio analysis due to time limitations but will analyze major relevant ratios.
4. The objectives of the study, which are to determine the overall financial position of the company through analyzing its various ratios.
Century Auto Tech Pvt. Ltd. is an automotive components manufacturer founded in 1999 that now has annual turnover of Rs. 9.3 million. The document analyzes the company's financial statements from 2011-12 to 2012-13. Liquidity and solvency ratios are calculated, showing the company's current ratio, liquid ratio, debt-equity ratio, and proprietary ratio are below standards, indicating low short-term liquidity, high financial risk, and weak long-term financial position. The analysis suggests the company lacks working capital and its debt levels pose a danger to long-term lenders.
Hi investor presentation sidoti ndr_final for print_23_may18Hillenbrand_IR
Hillenbrand provides a summary of its transformation into a global diversified industrial company through acquisitions and portfolio changes over the past five years. It is now focused on building leadership positions in key markets like plastics and chemicals through organic growth and strategic M&A. The Hillenbrand Operating Model is a competitive advantage that has driven margin expansion and cash flow generation, and will be leveraged to accelerate profitable growth. Hillenbrand has a strong balance sheet to support its strategic priorities and further transformation.
The document discusses Hillenbrand's strategy to transform into a global diversified industrial company through acquisitions and organic growth. It highlights how Hillenbrand has strengthened its portfolio and financial results over the past 5 years. The presentation also outlines Hillenbrand's strategic priorities going forward to continue driving profitable growth, including strengthening leadership positions, leveraging the Hillenbrand Operating Model, and making additional acquisitions.
The SEC staff requests enhanced disclosures in the liquidity and capital resources section of MD&A, particularly regarding sources and uses of cash and availability of cash to fund needs. The staff focuses on transparency around contractual obligations, implications of cash held by foreign subsidiaries, and more comprehensive disclosures about material debt covenants when there is elevated risk of default. The staff may ask registrants to expand discussion of changes in operating cash flows by addressing underlying drivers and expected sources and uses over the next twelve months through clear presentation of expected cash inflows and outflows.
EY SEC Comments and trends - An analysis of current reporting issues - Septem...Julien Boucher
Our 2016 SEC Comments and Trends publication provides an in-depth discussion of SEC staff focus areas in its review of public filings, including comments that focus on certain industries, initial public offering registration statements and foreign private issuers. Our publication is designed to help you understand what the staff is focusing on in its comments as well as best practices for responding to comment letters as you plan for the year-end reporting season
[Fabernovel study] New economy, new KPI: the customer eraFabernovel
By creating some disruption in value chains and favouring the emergence of new models, the digital revolution has induced deep changes in the way value is created and shared. It is more and more decorrelated from short term financial performance. That should push organizations and investors to review their monitoring and valuation of innovative projects, as well as pay attention to the value of some intangible assets, such as customer capital, talent capital, ecosystem, software or societal and environmental impact.
Customer centricity was at the heart of the digital revolution, which explains why among these assets, customer capital is the easiest to value by investors. However, if we’ve focused our analysis in this presentation on this asset, this should not overshadow the other key levers that organizations need now for their transformation to be more and more systemic.
Digital native economic models have been built by design according to an extra-financial approach with monitoring and communication already focused on customer KPIs, and sometimes on talent or ecosystem metrics. By contrast, if players other than digital natives have initiated a deep transformation of their model, they have not yet adapted their reporting styles, even though this would enable them to better allocate resources and value the customer acquisition strategy.
Combined with this document, we are launching a new index dedicated to testing your own maturity regarding customer capital (how you’ve integrated this approach, how customer-centric your reporting is, how you use it). Once this assessment has been completed, this presentation will help drive you along the path towards a new reporting approach. Additionally, it will help you harness your organization's potential, which we've identified at both the internal and external levels, while focusing on stakeholder engagement and value creation levers.
Financial interpretations with models & formats (unit 2)finance1rkh
The document discusses analyzing financial performance through ratios. It defines ratios as comparing two figures and outlines their uses, including comparing results over time, against competitors, and industry averages. Ratios are grouped into performance (profitability), position (liquidity), and potential (future outlook). Key ratios discussed for each category include ROCE, current ratio, quick ratio, trade payable/receivable days. The document emphasizes interpreting ratios by examining changes, interactions between ratios, and limitations of the analysis.
Financial interpretations with models & formats (unit 2)Sas_Bala
The document discusses analyzing financial performance through ratios. It defines ratios as comparing two figures and outlines their uses, including comparing results over time, against competitors, and industry averages. Ratios are grouped into performance (profitability), position (liquidity), and potential (future outlook). Key ratios discussed for each category include ROCE, current ratio, quick ratio, trade payable/receivable days. Calculating and interpreting ratios, considering changes over time and interacting factors, is presented as the approach for analyzing financial performance from statements.
The document discusses analyzing financial performance through the use of ratios. It identifies key ratios used to measure performance, position, and potential. Ratios are calculated using figures from the financial statements and compared over time, against competitors, or industry averages to analyze how well a business is performing. The document provides examples of important ratios like return on capital employed, operating profit margin, current ratio, quick ratio, and receivable/payable days and how they are interpreted.
International Financial Statement Analysis WorkbookMichelle Singh
This document analyzes the financial statements of GlaxoSmithKline (GSK) for the years 2012-2014. Key ratios are calculated from GSK's income statement, balance sheet, and cash flow statement to evaluate the company's profitability, liquidity, asset efficiency, financial leverage, and cash flows. Overall, the ratios indicate that GSK has been fairly profitable with strong liquidity and cash flows, though its asset efficiency and financial leverage could be improved compared to competitors like Pfizer. A comparison of GSK and Pfizer highlights opportunities for GSK to enhance its performance.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
Management of working capital in national aluminium company 3 (1)prj_publication
This document analyzes working capital management in the National Aluminium Company (NALCO) over a 15-year period from 1995-1996 to 2009-2010. It aims to evaluate NALCO's management of cash, receivables, inventory, and the impact of working capital management on profitability. The author hypothesizes that cash balances affect operating expenses, provisioning for doubtful debts impacts receivables, inventory levels influence sales, and working capital management impacts profits. Statistical analysis is conducted to test these hypotheses using NALCO's annual reports and secondary data sources.
Hi investor presentation 19_mar18 - final for printHillenbrand_IR
The document discusses Hillenbrand's strategy to continue transforming into a global diversified industrial company through organic growth, acquisitions, leveraging their operating model to drive profitability, and deploying strong free cash flow. They have made progress growing revenue and margins across their Process Equipment Group and Batesville segments. Hillenbrand is now focused on building leadership positions and platforms to accelerate profitable growth.
This document provides an introduction to analyzing the financial statements of companies. It discusses the meaning of financial statement analysis and the objectives of analyzing statements to evaluate a company's performance, profitability, debt capacity, and return. It outlines the different users of financial statement analysis, both internal and external stakeholders. Finally, it discusses various methods that can be used to analyze statements, including comparative statements, common size statements, trend analysis, and ratio analysis.
Summer Training Report on Financial Performance Analysis for MBAMegha Bansal
This document provides an overview of a summer training project report on the financial performance analysis of Surya Roshni Limited conducted over 45 days. It includes an acknowledgement, declaration, abstract, table of contents, and lists of tables and charts. The report analyzes the company's financial statements from 2013-2016 using various techniques like common size statements, ratio analysis, comparative statements, and cash flow analysis to evaluate the company's financial performance and position over time.
Financial Performance of Telecom CompaniesIRJET Journal
This document analyzes the financial performance of major telecom companies in India (BSNL, Airtel, Vodafone) from 2013-2016. It examines return on capital employed (ROCE) and profits for each company. The key findings are: 1) ROCE decreased for BSNL from 18.16% to 7.86% in this period, while increasing for Airtel and Vodafone; 2) Airtel had the highest profits, reaching a peak of Rs. 92039 crores in 2014-15, while BSNL and Vodafone profits grew but were lower; 3) Overall, Airtel demonstrated the best financial performance based on both ROCE
Budgeting is an important method for assessing the operational efficiency and profitability of a project. Profit is the basic objective of a business enterprise. Budgeting involves preparing budgets for sales, production, materials, labor, expenses, inventory, distribution, and administrative costs. All budget data is consolidated into an income statement, balance sheet, and profit plan. Operational strategy evaluates costs and revenues using cost-volume-profit analysis and operational leverage to define how profits vary with activity levels and how fixed costs affect changes. Break-even analysis also forms an important part of budgeting.
Here are the key points that the Tata Steel Group management highlighted regarding their approach over the next 12-18 months given the macroeconomic climate:
- The macroeconomic environment in India and Europe is expected to remain challenging in the near term. While stability is hoped for in India, Europe is expected to stop declining and start showing signs of growth.
- Overcapacity in China and how it is addressed over the next 2 years will be a key issue for the global steel industry.
- In India, Tata Steel will continue ramping up capacity incrementally over the next 2 financial years to reach optimal capacity utilization levels. Focus will remain on strengthening the domestic franchise.
- In Europe, priority will be on improving competit
A service product comprises tangible and intangible elements that create value for customers. The core product is accompanied by supplementary services that facilitate and enhance the customer experience. Together, the core product and supplementary services make up the service concept. Marketers must identify all elements of the service and decide which to include as part of the overall offering.
The document discusses a course on decision making skills that aims to build analytical abilities, capabilities for decision making, and understanding of issues affecting organizations. The main teaching method is case studies, which present real-life business problems. Students must integrate knowledge from various business functions to analyze cases and recommend solutions. A sample case involves a hotel deciding whether to accept a promotional offer from a cricket event management team involving discounted rooms. While the hotel has spare capacity, accepting would result in lost revenue and dissatisfied regular customers. For marketing, financial, and HR reasons, the management should refuse the deal.
The document provides background information on the topic of ratio analysis for a company called Silvassa Packaging. It discusses:
1. The introduction and background of the study, which is being conducted as a college project to gain practical exposure.
2. The need for the study to analyze the financial performance and position of the company using ratio analysis.
3. The scope of the study, which is limited to ratio analysis due to time limitations but will analyze major relevant ratios.
4. The objectives of the study, which are to determine the overall financial position of the company through analyzing its various ratios.
Century Auto Tech Pvt. Ltd. is an automotive components manufacturer founded in 1999 that now has annual turnover of Rs. 9.3 million. The document analyzes the company's financial statements from 2011-12 to 2012-13. Liquidity and solvency ratios are calculated, showing the company's current ratio, liquid ratio, debt-equity ratio, and proprietary ratio are below standards, indicating low short-term liquidity, high financial risk, and weak long-term financial position. The analysis suggests the company lacks working capital and its debt levels pose a danger to long-term lenders.
Hi investor presentation sidoti ndr_final for print_23_may18Hillenbrand_IR
Hillenbrand provides a summary of its transformation into a global diversified industrial company through acquisitions and portfolio changes over the past five years. It is now focused on building leadership positions in key markets like plastics and chemicals through organic growth and strategic M&A. The Hillenbrand Operating Model is a competitive advantage that has driven margin expansion and cash flow generation, and will be leveraged to accelerate profitable growth. Hillenbrand has a strong balance sheet to support its strategic priorities and further transformation.
The document discusses Hillenbrand's strategy to transform into a global diversified industrial company through acquisitions and organic growth. It highlights how Hillenbrand has strengthened its portfolio and financial results over the past 5 years. The presentation also outlines Hillenbrand's strategic priorities going forward to continue driving profitable growth, including strengthening leadership positions, leveraging the Hillenbrand Operating Model, and making additional acquisitions.
The SEC staff requests enhanced disclosures in the liquidity and capital resources section of MD&A, particularly regarding sources and uses of cash and availability of cash to fund needs. The staff focuses on transparency around contractual obligations, implications of cash held by foreign subsidiaries, and more comprehensive disclosures about material debt covenants when there is elevated risk of default. The staff may ask registrants to expand discussion of changes in operating cash flows by addressing underlying drivers and expected sources and uses over the next twelve months through clear presentation of expected cash inflows and outflows.
EY SEC Comments and trends - An analysis of current reporting issues - Septem...Julien Boucher
Our 2016 SEC Comments and Trends publication provides an in-depth discussion of SEC staff focus areas in its review of public filings, including comments that focus on certain industries, initial public offering registration statements and foreign private issuers. Our publication is designed to help you understand what the staff is focusing on in its comments as well as best practices for responding to comment letters as you plan for the year-end reporting season
[Fabernovel study] New economy, new KPI: the customer eraFabernovel
By creating some disruption in value chains and favouring the emergence of new models, the digital revolution has induced deep changes in the way value is created and shared. It is more and more decorrelated from short term financial performance. That should push organizations and investors to review their monitoring and valuation of innovative projects, as well as pay attention to the value of some intangible assets, such as customer capital, talent capital, ecosystem, software or societal and environmental impact.
Customer centricity was at the heart of the digital revolution, which explains why among these assets, customer capital is the easiest to value by investors. However, if we’ve focused our analysis in this presentation on this asset, this should not overshadow the other key levers that organizations need now for their transformation to be more and more systemic.
Digital native economic models have been built by design according to an extra-financial approach with monitoring and communication already focused on customer KPIs, and sometimes on talent or ecosystem metrics. By contrast, if players other than digital natives have initiated a deep transformation of their model, they have not yet adapted their reporting styles, even though this would enable them to better allocate resources and value the customer acquisition strategy.
Combined with this document, we are launching a new index dedicated to testing your own maturity regarding customer capital (how you’ve integrated this approach, how customer-centric your reporting is, how you use it). Once this assessment has been completed, this presentation will help drive you along the path towards a new reporting approach. Additionally, it will help you harness your organization's potential, which we've identified at both the internal and external levels, while focusing on stakeholder engagement and value creation levers.
Financial interpretations with models & formats (unit 2)finance1rkh
The document discusses analyzing financial performance through ratios. It defines ratios as comparing two figures and outlines their uses, including comparing results over time, against competitors, and industry averages. Ratios are grouped into performance (profitability), position (liquidity), and potential (future outlook). Key ratios discussed for each category include ROCE, current ratio, quick ratio, trade payable/receivable days. The document emphasizes interpreting ratios by examining changes, interactions between ratios, and limitations of the analysis.
Financial interpretations with models & formats (unit 2)Sas_Bala
The document discusses analyzing financial performance through ratios. It defines ratios as comparing two figures and outlines their uses, including comparing results over time, against competitors, and industry averages. Ratios are grouped into performance (profitability), position (liquidity), and potential (future outlook). Key ratios discussed for each category include ROCE, current ratio, quick ratio, trade payable/receivable days. Calculating and interpreting ratios, considering changes over time and interacting factors, is presented as the approach for analyzing financial performance from statements.
The document discusses analyzing financial performance through the use of ratios. It identifies key ratios used to measure performance, position, and potential. Ratios are calculated using figures from the financial statements and compared over time, against competitors, or industry averages to analyze how well a business is performing. The document provides examples of important ratios like return on capital employed, operating profit margin, current ratio, quick ratio, and receivable/payable days and how they are interpreted.
International Financial Statement Analysis WorkbookMichelle Singh
This document analyzes the financial statements of GlaxoSmithKline (GSK) for the years 2012-2014. Key ratios are calculated from GSK's income statement, balance sheet, and cash flow statement to evaluate the company's profitability, liquidity, asset efficiency, financial leverage, and cash flows. Overall, the ratios indicate that GSK has been fairly profitable with strong liquidity and cash flows, though its asset efficiency and financial leverage could be improved compared to competitors like Pfizer. A comparison of GSK and Pfizer highlights opportunities for GSK to enhance its performance.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
Management of working capital in national aluminium company 3 (1)prj_publication
This document analyzes working capital management in the National Aluminium Company (NALCO) over a 15-year period from 1995-1996 to 2009-2010. It aims to evaluate NALCO's management of cash, receivables, inventory, and the impact of working capital management on profitability. The author hypothesizes that cash balances affect operating expenses, provisioning for doubtful debts impacts receivables, inventory levels influence sales, and working capital management impacts profits. Statistical analysis is conducted to test these hypotheses using NALCO's annual reports and secondary data sources.
Hi investor presentation 19_mar18 - final for printHillenbrand_IR
The document discusses Hillenbrand's strategy to continue transforming into a global diversified industrial company through organic growth, acquisitions, leveraging their operating model to drive profitability, and deploying strong free cash flow. They have made progress growing revenue and margins across their Process Equipment Group and Batesville segments. Hillenbrand is now focused on building leadership positions and platforms to accelerate profitable growth.
This document provides an introduction to analyzing the financial statements of companies. It discusses the meaning of financial statement analysis and the objectives of analyzing statements to evaluate a company's performance, profitability, debt capacity, and return. It outlines the different users of financial statement analysis, both internal and external stakeholders. Finally, it discusses various methods that can be used to analyze statements, including comparative statements, common size statements, trend analysis, and ratio analysis.
Summer Training Report on Financial Performance Analysis for MBAMegha Bansal
This document provides an overview of a summer training project report on the financial performance analysis of Surya Roshni Limited conducted over 45 days. It includes an acknowledgement, declaration, abstract, table of contents, and lists of tables and charts. The report analyzes the company's financial statements from 2013-2016 using various techniques like common size statements, ratio analysis, comparative statements, and cash flow analysis to evaluate the company's financial performance and position over time.
Financial Performance of Telecom CompaniesIRJET Journal
This document analyzes the financial performance of major telecom companies in India (BSNL, Airtel, Vodafone) from 2013-2016. It examines return on capital employed (ROCE) and profits for each company. The key findings are: 1) ROCE decreased for BSNL from 18.16% to 7.86% in this period, while increasing for Airtel and Vodafone; 2) Airtel had the highest profits, reaching a peak of Rs. 92039 crores in 2014-15, while BSNL and Vodafone profits grew but were lower; 3) Overall, Airtel demonstrated the best financial performance based on both ROCE
Budgeting is an important method for assessing the operational efficiency and profitability of a project. Profit is the basic objective of a business enterprise. Budgeting involves preparing budgets for sales, production, materials, labor, expenses, inventory, distribution, and administrative costs. All budget data is consolidated into an income statement, balance sheet, and profit plan. Operational strategy evaluates costs and revenues using cost-volume-profit analysis and operational leverage to define how profits vary with activity levels and how fixed costs affect changes. Break-even analysis also forms an important part of budgeting.
Here are the key points that the Tata Steel Group management highlighted regarding their approach over the next 12-18 months given the macroeconomic climate:
- The macroeconomic environment in India and Europe is expected to remain challenging in the near term. While stability is hoped for in India, Europe is expected to stop declining and start showing signs of growth.
- Overcapacity in China and how it is addressed over the next 2 years will be a key issue for the global steel industry.
- In India, Tata Steel will continue ramping up capacity incrementally over the next 2 financial years to reach optimal capacity utilization levels. Focus will remain on strengthening the domestic franchise.
- In Europe, priority will be on improving competit
A service product comprises tangible and intangible elements that create value for customers. The core product is accompanied by supplementary services that facilitate and enhance the customer experience. Together, the core product and supplementary services make up the service concept. Marketers must identify all elements of the service and decide which to include as part of the overall offering.
The document discusses a course on decision making skills that aims to build analytical abilities, capabilities for decision making, and understanding of issues affecting organizations. The main teaching method is case studies, which present real-life business problems. Students must integrate knowledge from various business functions to analyze cases and recommend solutions. A sample case involves a hotel deciding whether to accept a promotional offer from a cricket event management team involving discounted rooms. While the hotel has spare capacity, accepting would result in lost revenue and dissatisfied regular customers. For marketing, financial, and HR reasons, the management should refuse the deal.
This document provides guidelines for formatting a research paper, including specifying the font and formatting for the title, author names, abstract, introduction, objectives, literature review, methodology, comparison, major results, and conclusion sections, as well as references in APA style. The introduction should be around 1000 words and cover the conceptual framework, variable definitions, and industry sector growth. The literature review should also be 1000 words. The comparison section should be 500 words and major results 1500 words.
COULD THE CHALLENGER ACCIDENT HAVE BEEN AVOIDEDAja Aj
The document analyzes the 1986 Challenger space shuttle accident that resulted in 7 deaths. It identifies problems with communication between technicians and management at NASA, as technicians warned of technical faults with the shuttle but management disregarded their concerns and felt pressure to launch from NASA. The document proposes developing proper communication channels between technicians and management, ensuring management listens to technicians' views without fear of reprisal, and having freedom of expression to prevent similar tragedies from occurring.
This document provides an introduction to business ethics. It defines business ethics as the study of business situations, activities, and decisions where issues of right and wrong are addressed. It distinguishes business ethics from morality and the law. Morality refers to norms and values that define right and wrong, ethics is the study and rationalization of morality through reasoned principles and theories, and the law establishes minimum acceptable standards of behavior. The document outlines some of the debates around business ethics and discusses the importance of studying ethics in business decision-making.
The document discusses the evolution of buyer-supplier relationships from reactive transactions to strategic partnerships. It describes three types of relationships - transactional, collaborative, and alliance. Transactional relationships focus on price and are short-term, while collaborative and alliance relationships aim for lower total costs and improved performance through open communication, long-term contracts, and shared goals. Alliances require the highest levels of trust and commitment between partners to fully realize benefits like reduced costs, improved quality, and faster innovation.
The document provides an overview of the immune system, including its components, cells, tissues, organs, and response mechanisms. It discusses the innate and adaptive immune responses, antigen recognition by innate immune cells and lymphocytes, maturation and activation of B and T cells, and the effector mechanisms that eliminate antigens. The major topics covered include pattern recognition receptors, antigen processing and presentation, T and B cell receptors, antibody production, signal transduction pathways, and the roles of phagocytes, dendritic cells, natural killer cells, and T cell subsets in the immune response.
Dive deep into the cutting-edge strategies we're employing to revolutionize our web presence in the age of AI-driven search. As Gen Z reshapes the digital realm, discover how we can bridge the generational divide. Unlock the synergistic power of PPC, social media, and SEO, driving unparalleled revenues for our projects.
In the digital age, businesses are inundated with tools promising to streamline operations, enhance creativity, and boost productivity. Yet, the true key to digital transformation lies not in the accumulation of tools but in strategically integrating the right AI solutions to revolutionize workflows. Join Jordache, an experienced entrepreneur, tech strategist and AI consultant, as he explores essential AI tools across three critical categories—Ideation, Creation, and Operations—that can reshape the way your business creates, operates, and scales.This talk will guide you through the practicalities of selecting and effectively using AI tools that go beyond the basics of today’s popular tools like ChatGPT, Claude, Gemini, Midjourney, or Dall-E. For each category of tools, Jordache will address three crucial questions: What is each tool? Why is each one valuable to you as a business leader? How can you start using it in your workflow? This approach will not only clarify the role of these tools but also highlight their strategic value, making it perfect for business leaders ready to make informed decisions about integrating AI into their workflows.
Key Takeaways:
>> Strategic Selection and Integration: Understand how to select AI tools that align with your business goals and how to conceptually integrate them into your workflows to enhance efficiency and innovation.
>> Understanding AI Tool Categories: Gain a deeper understanding of how AI tools can be leveraged in the areas of ideation, creation, and operation—transforming each aspect of your business.
>> Practical Starting Points: Learn how you can start using these tools in your business with practical tips on initial steps and integration ideas.
>> Future-Proofing Your Business: Discover how staying informed about and utilizing the latest AI tools and strategies can keep your business competitive in a rapidly evolving digital landscape.
Mastering Local SEO for Service Businesses in the AI Era is tailored specifically for local service providers like plumbers, dentists, and others seeking to dominate their local search landscape. This session delves into leveraging AI advancements to enhance your online visibility and search rankings through the Content Factory model, designed for creating high-impact, SEO-driven content. Discover the Dollar-a-Day advertising strategy, a cost-effective approach to boost your local SEO efforts and attract more customers with minimal investment. Gain practical insights on optimizing your online presence to meet the specific needs of local service seekers, ensuring your business not only appears but stands out in local searches. This concise, action-oriented workshop is your roadmap to navigating the complexities of digital marketing in the AI age, driving more leads, conversions, and ultimately, success for your local service business.
Key Takeaways:
Embrace AI for Local SEO: Learn to harness the power of AI technologies to optimize your website and content for local search. Understand the pivotal role AI plays in analyzing search trends and consumer behavior, enabling you to tailor your SEO strategies to meet the specific demands of your target local audience. Leverage the Content Factory Model: Discover the step-by-step process of creating SEO-optimized content at scale. This approach ensures a steady stream of high-quality content that engages local customers and boosts your search rankings. Get an action guide on implementing this model, complete with templates and scheduling strategies to maintain a consistent online presence. Maximize ROI with Dollar-a-Day Advertising: Dive into the cost-effective Dollar-a-Day advertising strategy that amplifies your visibility in local searches without breaking the bank. Learn how to strategically allocate your budget across platforms to target potential local customers effectively. The session includes an action guide on setting up, monitoring, and optimizing your ad campaigns to ensure maximum impact with minimal investment.
The advent of AI offers marketers unprecedented opportunities to craft personalized and engaging customer experiences, evolving customer engagements from one-sided conversations to interactive dialogues. By leveraging AI, companies can now engage in meaningful dialogues with customers, gaining deep insights into their preferences and delivering customized solutions.
Susan will present case studies illustrating AI's application in enhancing customer interactions across diverse sectors. She'll cover a range of AI tools, including chatbots, voice assistants, predictive analytics, and conversational marketing, demonstrating how these technologies can be woven into marketing strategies to foster personalized customer connections.
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Attendees will come away with an understanding of AI's potential to redefine marketing, equipped with the knowledge and tactics to leverage AI in staying competitive. The talk aims to motivate professionals to adopt AI in enhancing their CX, driving greater customer engagement, loyalty, and business success.
Lily Ray - Optimize the Forest, Not the Trees: Move Beyond SEO Checklist - Mo...Amsive
Lily Ray, Vice President of SEO Strategy & Research at Amsive, explores optimizing strategies for sustainable growth and explores the impact of AI on the SEO landscape.
Google Ads Vs Social Media Ads-A comparative analysisakashrawdot
Explore the differences, advantages, and strategies of using Google Ads vs Social Media Ads for online advertising. This presentation will provide insights into how each platform operates, their unique features, and how they can be leveraged to achieve marketing goals.
This session will aim to comprehensively review the current state of artificial intelligence techniques for emotional recognition and their potential applications in optimizing digital advertising strategies. Key studies developing AI models for multimodal emotion recognition from videos, images, and neurophysiological signals were analyzed to build content for this session. The session delves deeper into the current challenges, opportunities to help realize the full benefits of emotion AI for personalized digital marketing.
Can you kickstart content marketing when you have a small team or even a team of one? Why yes, you can! Dennis Shiao, founder of marketing agency Attention Retention will detail how to draw insights from subject matter experts (SMEs) and turn them into articles, bylines, blog posts, social media posts and more. He’ll also share tips on content licensing and how to establish a webinar program. Attend this session to learn how to make an impact with content marketing even when you have a small team and limited resources.
Key Takeaways:
- You don't need a large team to start a content marketing program
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Efficient Website Management for Digital Marketing ProsLauren Polinsky
Learn how to optimize website projects, leverage SEO tactics effectively, and implement product-led marketing approaches for enhanced digital presence and ROI.
This session is your key to unlocking the secrets of successful digital marketing campaigns and maximizing your business's online potential.
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- Leverage Product-Led Marketing: Explore strategies for incorporating product-led marketing principles into your digital marketing efforts, enhancing user engagement and driving conversions.
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The Secret to Engaging Modern Consumers: Journey Mapping and Personalization
In today's digital landscape, understanding the customer's journey and delivering personalized experiences are paramount. This masterclass delves into the art of consumer journey mapping, a powerful technique that visualizes the entire customer experience across touchpoints. Attendees will learn how to create detailed journey maps, identify pain points, and uncover opportunities for optimization. The presentation also explores personalization strategies that leverage data and technology to tailor content, products, and experiences to individual customers. From real-time personalization to predictive analytics, attendees will gain insights into cutting-edge approaches that drive engagement and loyalty.
Key Takeaways:
Current consumer landscape; Steps to mapping an effective consumer journey; Understanding the value of personalization; Integrating mapping and personalization for success; Brands that are getting It right!; Best Practices; Future Trends
In today's digital world, customers are just a click away. "Grow Your Business Online: Introduction to Digital Marketing" dives into the exciting world of digital marketing, equipping you with the tools and strategies to reach new audiences, expand your reach, and ultimately grow your business.
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Everyone knows the power of stories, but when asked to come up with them, we struggle. Either we second guess ourselves as to the story's relevance, or we just come up blank and can't think of any. Unlocking Everyday Narratives: The Power of Storytelling in Marketing will teach you how to recognize stories in the moment and to recall forgotten moments that your audience needs to hear.
Key Takeaways:
Understand Why Personal Stories Connect Better
How To Remember Forgotten Stories
How To Use Customer Experiences As Stories For Your Brand
3. 3
INTRODUCTION-
Sintex leads in meaningful innovations and solutions. With their multifarious capabilities in the
field of plastics, metals, concrete etc. They have created many path breaking products They have an
excellent design, engineering, marketing and manufacturing set up to offer many standard and
custom products and solutions for satisfying needs anywhere in the world
• Sintex Industries Limited (Earlier known as The Bharat Vijay Mills Ltd) has two divisions –
textiles and plastics.
• Global spanning 9 countries
• Established in India in 1931
• Plastics Division started in the year 1975
Products
Sintex have pioneered development of number of products in such as Water Tanks, Doors,
Windows, Frames, Partitions, False Ceiling, Wall Paneling, Prefabs etc. for Buildings and Interiors.
they also brought for the first time in India Pallets, Intermediate Bulk Containers, Insulated Boxes,
Milk Cans, Multibins, Waste Bins etc. that are delivering better utility and value to the customers.
Recently they have created number of innovative products for the Electrical, Telecom and
Infrastructure Sectors such as Tamper Proof Meter Boxes, Shock Proof Chequered Plates, FRP
Cable Trays, BTS Shelters, Prefab Schoolrooms, Prefab Anganwadis, Prefab Police Chowkies etc.
There are six different types of Products range
1. Building & Construction
2. Prefabs
3. Interiors
4. Industrial
5. Electrical Engineering
6. Consumer
Sintex has an effective network of 10 manufacturing plants, 12 branch offices, over 500 distributors
and around 10,000 retailers spread across India.
4. 4
ACHIEVEMENT
Major landmarks Along the Journey
1975 Moulded Polyethylene Industrial Containers and Tanks of sizes up to
10,000 litre
1977 Material Handling Containers for Industries and Institutions
1978 Water Tank
1985 Plastic Sections for Conversion into Partitions, False Ceilings, Wall
Panellings, Cabins, Cabinets, Furniture etc.
1988 Plastic Doors, Windows and Frames
1989 Insulated Containers, Sandwich Panels, Agri Containers and Biogas
Holders
1990 SMC and SMC Moulded Products, Pultruded Products, Resin Transfer
Moulded (RTM) Products, Blow Moulded Products, Injection Moulded
Products etc.
1995 Water Filters cum Purifiers
2000 Solar Water Heaters
2001 Prefabs
2002 Turnkey Blow Moulding & Profile Extrusion Plants
2004 FRP Underground Storage Tanks
2005 ISO 9001 Certification
Monolithic Concrete Construction Technology
2006 UL Listed for FRP Underground Petroleum Tanks
2008 Sandwich Panels
2010 Package Sewage Treatment Plants (PSTP) & Manholes
2011 Prefab Homes, Gloria Siding Panels
5. 5
Finance performance definition:-
A subjective measure of how well a firm can use assets from its primary mode of business and
generate revenues. This term is also used as a general measure of a firm's overall financial health
over a given period of time, and can be used to compare similar firms across the same industry or to
compare industries or sectors in aggregation.
By financial analysis we come to know about the financial position of the company. Following are
the few terms which we have to understand
RATIO ANALYSIS
Meaning of Ratio: - A ratio is simple arithmetical expression of the relationship of one number to
another. It may be defined as the indicated quotient of two mathematical expressions.
According to Accountant‟s Handbook by Wixon, Kell and Bedford, “a ratio is an expression of the
quantitative relationship between two numbers”.
Ratio Analysis: - Ratio analysis is the process of determining and presenting the relationship of
items and group of items in the statements. According to Batty J. Management Accounting “Ratio
can assist management in its basic functions of forecasting, planning coordination, control and
communication”.
It is helpful to know about the liquidity, solvency, capital structure and profitability of an
organization. It is helpful tool to aid in applying judgement, otherwise complex situations.
Ratio analysis can represent following three methods.
Ratio may be expressed in the following three ways:
1. Pure Ratio or Simple Ratio: - It is expressed by the simple division of one number by
another. For example, if the current assets of a business are Rs. 200000 and its current
liabilities are Rs. 100000, the ratio of „Current assets to current liabilities‟ will be 2:1.
2. ‘Rate’ or ‘so Many Times: - In this type, it is calculated how many times a figure is, in
comparison to another figure. For example , if a firm‟s credit sales during the year are Rs.
200000 and its debtors at the end of the year are Rs. 40000 , its Debtors Turnover Ratio is
200000/40000 = 5 times. It shows that the credit sales are 5 times in comparison to debtors.
3. Percentage: - In this type, the relation between two figures is expressed in hundredth. For
example, if a firm‟s capital is Rs.1000000 and its profit is Rs.200000 the ratio of profit capital, in
term of percentage, is 200000/1000000*100 = 20%
ADVANTAGE OF RATIO ANALYSIS
1. Helpful in analysis of Financial Statements.
2. Helpful in comparative Study.
3. Helpful in locating the weak spots of the business.
4. Helpful in Forecasting.
5. Estimate about the trend of the business.
6. Fixation of ideal Standards.
6. 6
7. Effective Control.
8. Study of Financial Soundness.
LIMITATIONS OF RATIO ANALYSIS
1. Comparison not possible if different firms adopt different accounting policies.
2. Ratio analysis becomes less effective due to price level changes.
3. Ratio may be misleading in the absence of absolute data.
4. Limited use of a single data.
5. Lack of proper standards.
6. False accounting data gives false ratio.
7. Ratios alone are not adequate for proper conclusions.
8. Effect of personal ability and bias of the analyst.
CLASSIFICATION OF RATIO
Ratio may be classified into the four categories as follows:
A. Liquidity Ratio
a. Current Ratio
b. Quick Ratio or Acid Test Ratio
B. Leverage or Capital Structure Ratio
a. Debt Equity Ratio
b. Debt to Total Fund Ratio
c. Proprietary Ratio
d. Fixed Assets to Proprietor‟s Fund Ratio
e. Capital Gearing Ratio
f. Interest Coverage Ratio
C. Activity Ratio or Turnover Ratio
a. Stock Turnover Ratio
b. Debtors or Receivables Turnover Ratio
c. Average Collection Period
d. Creditors or Payables Turnover Ratio
e. Average Payment Period
f. Fixed Assets Turnover Ratio
g. Working Capital Turnover Ratio
D. Profitability Ratio or Income Ratio
(A) Profitability Ratio based on Sales:
a. Gross Profit Ratio
b. Net Profit Ratio
c. Operating Ratio
d. Expenses Ratio
(B) Profitability Ratio Based on Investment:
I. Return on Capital Employed
II. Return on Shareholder’s Funds:
a. Return on Total Shareholder‟s Funds
b. Return on Equity Shareholder‟s Funds
7. 7
c. Earning Per Share
d. Dividend per Share
e. Dividend Payout Ratio
f. Earning and Dividend Yield
g. Price Earning Ratio
9. 9
LITERATURE REVIEW
Pinc research
Suman Memani +91-22-6618 6479
suman.memani@pinc.co.in
Abhishek Kumar +91-22-6618 6398
abhishek.kumar@pinc.co.in
Structurally a strong growth story: We initiate coverage on Sintex with a BUY rating (upside of
38%). We like Sintex primarily for: (1) A diversified business model marked bylow volatility in
sales, profit and cash flows; (2) Market leadership in the prime Monolithic and Prefab segments
which are expected to show CAGR of 25% and 27% during FY11-FY13E respectively; (3)
Acquired overseas and domestic subsidiaries likely to show operational improvement with
300bps increase in margin in FY13e v FY10; (4) Emerging cash flow positive in FY12-FY13e
through better management. At our TP of Rs220, the stock looks attractive
and discounts 12x & 10.6x FY12e & FY13e EPS of Rs18.5 & Rs20.7 respectively.
On behalf of the Board,
Date : April 30, 2011
Dinesh B. Patel
Chairman
Place : Ahmedabad
Your Directors have pleasure in presenting the 80th Annual Report of the Company, together with
audited accounts for the year, which ended on March 31, 2011.
Your Company reported another strong performance this year as it extended its presence into value-
added business verticals and strengthened its market position in existing businesses – delivering
superior value to its stakeholders.
Gross turnover grew 29% from `2,103.56 crore in 2009-10 to `2,718.74 crore in 2010-11, due to a
significant increase in existing business volumes. While all business segments contributed to your
Company‟s growth, the key growth drivers were monolithic construction and civil infrastructure.
24th September 2010
Ms. Revati Kasture
+91-22-6754 3465
revati.kasture@careratings.com
CARE Equity Research assigns 4/5 on fundamental grade to Sintex Industries Limited
CARE Equity Research assigns fundamental grade of 4/5 to Sintex Industries Limited (Sintex).
This indicates „Very Good Fundamentals‟. The grade draws strength from Sintex‟s leadership
position in plastic water tanks, prefabricated building systems and monolithic construction coupled
with experienced management. While strong order book of monolithic construction gives revenue
visibility for next 20-22 months, increased Government focus on social spending provide huge
10. 10
growth opportunities for Sintex. Furthermore, CARE Equity Research believes that risks associated
with acquired subsidiaries are behind us and Sintex is likely to start realizing synergy benefits
going forward.
Sintex‟s textile business had witnessed dip in FY10. Though CARE Equity Research is skeptical,
the management is positive about the future of this business. Additionally Sintex‟s increased focus
on monolithic business may elongate the working capital cycle of the company and any gap in
securing funding may affect the company‟s prospects adversely.
11. 11
RATIONALE
The purpose of the research is to increase the knowledge and experience about the financial
position of the company and to learn about the financial aspect and financial position of the
company.
This study is related to the financial performance of the sintex industries. The finding will be
helpful for the sintex industries to improve their financial performance in future. Ratio analysis is a
very important to know about the financial performance and position (strengths and weaknesses) of
companies. To understand about the overall performance and efficiency of the company. For
investor to invest money in sintex industries it is very important that to know about ability of this
company. Before knowing about the financial position of the company, we can‟t say anything
about that company.
Financial (ratio) analysis reflects the inside mirror image of company. After doing study of
financial analysis you can easily identify ability (strength and weaknesses) of the company.
Financial analysis is just like weather forecast. Today there is more chance for rain then before to
go out from your house you prepare for rain. Same way financial analysis gives that guide about
company, for trading or long term investment.
12. 12
OBJECTIVE
Primary objective –
An analytical Study of financial performance of Sintex Industries Ltd. with reference to last
three years
Secondary objective -
To analyse profit and loss account.
To analyse the balance sheet of the company.
To analyse the cash flow and fund flow statement of the company.
13. 13
VARIABLES
The variables which affect the financial performance of the company are as follows:
1. Economic growth:-
Slowdown in the growth of Indian economy or future volatility in global financial market,
could adversely affect the business, including the future financial performance,
2. Significant change in the Government‟s policies
Any significant change in the Government‟s policies or any political instability in India
could adversely affect the business and economic conditions in India and could also adversely
affect the business, future financial performance.
3. Sensitivity to the economy and extraneous factors:-
The Company‟s performance is highly correlated to the performance of the economy and
the financial markets. The health of the economy and the financial markets in turn depends on
the domestic economic growth.
4. Legal and Compliance Risk:
The market regulators in India. New laws / rules and changes in any law and application of
current laws / rules could affect our manner of operations and profitability.
15. 15
RESEARCH METHODOLOGY
Tools for data collection Secondary data will be taken from last 3 years
annual report
Tools for data analysis Percentage, Pie chart, Bar graph.
Performance analysis
Credit analysis
Security analysis
Competitive analysis
17. 17
RATIO ANALYSIS
1. LIQUIDITY RATIOS:
1. Current Ratio
Formula 2008-2009 2009-2010 2010-2011
Current Assets
Current Liabilities
3.82 4.68 4.00
Significance: -
This ratio is calculated for knowing short term solvency of the organization. This ratio indicates
the solvency of the business. Certain authorities have suggested that in order to ensure solvency of
a concern current assets should be twice the current liabilities and therefore this ratio is known as
2:1 ratio .
Here the Current Ratio of Sintex industries Ltd indicates that it has got sufficient assets to
pay off short term liabilities as. The company has maintained its short term solvency
throughout the years and it is improving its short term solvency status which is appreciable.
3.82
4.68
4
0
1
2
3
4
5
2008-09 2009-10 2010-11
Financial years
Current Ratio
18. 18
2. Acid Test
Formula 2008-2009 2009-2010 2010-2011
Liquid Assets
Liquid Liabilities
3.02 2.85 3.36
Significance: -
It gives a better picture of the firms ability to meet its short term debts out of its short term
assets. An Acid Test Ratio of 1:1 is considered to be ideal and standard.
Here the Acid Ratios throughout the years considered indicates that it has adequate assets which
can be converted in the form of cash almost immediately to pay off those liabilities which are to be
paid off immediately. It must be remembered that the company has improved its Acid Test Ratio
in year 2010-11 as compared to previous year which is appreciable as such higher the liquid ratio
better the situation
3.02
2.85
3.36
2.4
2.6
2.8
3
3.2
3.4
2008-09 2009-10 2010-11
Financial Year
Acid Test Ratio
19. 19
2. TURNOVER RATIO:
1. Fixed Assets Turnover Ratio
Formula 2008-2009 2009-2010 2010-2011
Net sales
Fixed assets
1.32 1.36 1.36
Significance:-
This ratio indicates whether the fixed assets are being fully utilized. It is an important measure of the
efficient and profit earning capacity of the business.
The financial year 2008-09 had low ratio out of these three years. In the financial year
2009-10 and 2010-2011 has same ratio. This shows better asset management policy of these years.
1.32
1.36 1.36
1.3
1.31
1.32
1.33
1.34
1.35
1.36
1.37
2008-09 2009-10 2010-11
Financial Years
Fixed Assets Turnover Ratio
20. 20
2. Current Assets Turnover Ratio
Significance: -
This ratio indicates capability of the organization in efficient use of current assets. It indicates the
sales generated per rupee of investment in current assets.
The financial year 2008-09 and 2009-10 the ratio decreased i.e. the sale in the coming year slightly
decreased. In the 2010-11 the ratio increase means sales increase compared to the last years.
0.84 0.82
1.07
0
0.2
0.4
0.6
0.8
1
1.2
2008-09 2009-10 2010-11
Financial Years
Current Assets Turnover Ratio
Formula 2008-2009 2009-2010 2010-2011
Net sales
Current assets
0.84 0.82 1.07
21. 21
3. Inventory Turnover Ratio
Formula 2008-2009 2009-2010 2010-2011
Net sales
Avg. inventory
14.37 15.00 20.96
Significance:
This is a test of inventory to discover possible trouble in the form of overstocking or
overvaluation. A low inventory turnover may reflect dull business, over investment in inventory.
A high inventory turnover indicates relatively lower amount of working capital locked in
inventories.
In the financial year 2008-09 the inventory is very low and the 2009-10 and 2010-11 the
inventory turnover ratio is increasing. In year 2010-11 excellent inventory turnover ratio has
been seen.
14.37 15
20.96
0
5
10
15
20
25
2008-09 2009-10 2010-11
Financial Years
Inventory Turnover Ratio
22. 22
4. Debtor Turnover Ratio
Formula 2008-2009 2009-2010 2010-2011
Net Credit Sales
Closing Sundry Debtors
4.81 3.88 3.43
Significance: -
This ratio indicates the speed at which the sundry debtors are converted in the form of cash.
In the 2008-09 the debtor turnover ratio is very high it means in that is good for the business but in
the financial year 2010-11 the debtor turnover ratio is less that is not good indicator for the company.
4.81
3.88
3.43
0
1
2
3
4
5
6
2008-09 2009-10 2010-11
Financial Years
Debtor Turnover Ratio
23. 23
3. SOLVENCY RATIO
1. Debt-Equity Ratio
Formula 2008-2009 2009-2010 2010-2011
External liabilities
Shareholders fund
0.54 0.41 0.28
Significance: -
A high debt-equity ratio may indicate that financial status of the creditors is more than
that of the owners. A very low debt equity rate may mean that the borrowing capacity of the
organization is being underutilized. It is a measure of financial strength of a concern. Lower the
ratio greater the security available to the creditors. Generally 1:2 ratio is acceptable, but the ratio
of at least 1:1 is desirable as banks even do accept this.
In the financial year 2008-09 the debt-equity ratio is more than the other years it means it
is not good sign for the company. In the 2010-11 the debt-equity ratio is very less means in that
year the borrowing capacity of the organization is being underutilized.
0.54
0.41
0.28
0
0.1
0.2
0.3
0.4
0.5
0.6
2008-09 2009-10 2010-11
Financial Years
Debt-Equity Ratio
24. 24
2. Capital Employed Ratio
Formula 2008-2009 2009-2010 2010-2011
Fixed assets *100
Capital employed
38.37 35.00 39.28
Significance: -
Normally a proprietor should provide all the funds required to purchase fixed assets. If the
capital employed ratio exceeds 100%, it indicates that the company has used short-term funds for
acquiring fixed assets, which policy is not desirable. when the percentage is less that 100, a part of
the net working capital is supplied by the shareholders, provided that there are no other non-current
assets. The ratio should generally be 65%.
In the financial year 2010-11 the ratio is 38.28 that is very less improvement from the last
year because the fixed assets of company is having minor improvement in the 2010-11 so that
ratio is approximately same for the past years.
38.37
35
39.28
32
33
34
35
36
37
38
39
40
2008-09 2009-10 2010-11
Financial Years
Capital Employed Ratio
25. 25
4. PROFITABILITY RATIO
1. Gross Profit Ratio
Formula 2008-2009 2009-2010 2010-2011
Gross profit * 100
Net sales
21.45 21.63 21.71
Significance: -
This ratio indicates the degree to which selling prices of goods per unit may decline without
resulting in losses on operations for the firm. A high gross profit ratio as compared with that of the
other firm in the same industry implied that the firm in question produces its products at lower cost.
It is a sign of good management.
In the financial year 2010-11 the gross profit ratio is higher than the other years thus, the selling price
of good’s may be less without any loss.
21.45
21.63
21.71
21.3
21.35
21.4
21.45
21.5
21.55
21.6
21.65
21.7
21.75
2008-09 2009-10 2010-11
Financial Years
Gross Profit Ratio
26. 26
2. Net Profit Ratio
Formula 2008-2009 2009-2010 2010-2011
Net profit(after tax)*100
Net sales
17.26 13.61 17.58
Significance: -
This ratio is widely used as a measure of over-all profitability and is very useful to the
proprietors. it gives an idea of the efficiency as well as profitability of the business to a limited
extent.
The company has improved its net profits in the financial year 2010-11 the net profit ratio is
17.58.It means in that year the profit is more than the other years. The sale of the company has
been improved.
17.26
13.61
17.58
0
2
4
6
8
10
12
14
16
18
20
2008-09 2009-10 2010-11
Financial Years
Net Profit Ratio
27. 27
3. Return On Assets
Formula 2008-2009 2009-2010 2010-2011
Net Profit * 100
Total Assets
6.69 6.13 7.42
Significance:-
The ratio is a measure of the return on the total resources of the business enterprise. It
shows how efficiently management has used the funds provided be the creditors and the owners.
It can be referred that the financial year 2009-10 had not so good ratio because of high operating
expenses. However the company has improved in year 2010-11. The financial year 2010-11 had
7.42% as returns on its various resources which is appreciable.
6.69
6.13
7.42
0
1
2
3
4
5
6
7
8
2008-09 2009-10 2010-11
Financial Years
Return On Assets
28. 28
5. Return On Shareholders’ Fund
Formula 2008-2009 2009-2010 2010-2011
PAT * 100
Total shareholders fund
19.06 14.05 21.17
Significance:-
This ratio is a measure of the profitableness of an enterprise. The realization of a
satisfactory net income is the major objective is being achieved.
The financial year 2009-10 had low returns on shareholders fund as compared to next financial
years. In the 2010-11 the return on share holder‟s fund is high for compare than the past years. It
is good sign for the Company.
19.06
14.05
21.17
0
5
10
15
20
25
2008-09 2009-10 2010-11
Financial Years
Return On Shareholders’ Fund
29. 29
5. Earnings Per Share
Significance:-
The earning per share ratio help to determining the market price of equity share of the
company. In the financial year 2010-11 the EPS has decreased as compare to previous year
and it is 13.19% thus, that is not sign for the company.
19.68 20.2
13.19
0
5
10
15
20
25
2008-09 2009-10 2010-11
FInancialyears
Earnings Per Share
Formula 2008-2009 2009-2010 2010-2011
NPATD
No. of eq. Shareholders
19.68 20.20 13.19
30. 30
6. Dividend Pay Out Ratio
Formula 2008-2009 2009-2010 2010-2011
Dividend per share* 100
EPS
5.58 5.94 4.67
Significance:-
It indicates the policy of management to pay cash dividend. A high dividend pay out
ratio is better position of the company in the 2010-11 the ratio is 4.67 but in the 2010-11 the
dividend payout ratio is 5.94% it means the company has good position in paying dividend.
5.58
5.94
4.67
0
1
2
3
4
5
6
7
2008-09 2009-10 2010-11
Financial Years
Dividend Pay Out Ratio
31. 31
FINAL DISCUSSION
The conclusion about Sintex industries ltd, it is growing and increasing year by year.
By the comparison of the Ratio analysis this conclusion can be drawn.
Net Profit & Gross profit ratio of company is favourable and has increased.
Return on equity capital of company is favourable and has increased.
EPS of the company is unfavourable
Liquidity ratio is favourable more than the standard.
Stock turnover ratio is increasing.
Debtor‟s turnover ratio is negative.
Fixed And Current assets turnover ratio of company has increasing.
Current ratio of company is increasing year by year.
On the basis of these findings I would say that SINTEX INDUSTRIES LTD has
improved financial position and continually increasing its financial position year by year.
33. 33
Conclusion
The term ratio refers to the numerical or quantities relationship between two items or
variables. Ratio analysis is a widely used tool of financial analysis. It is defined as the
systematic use of ratio, to interpret the financial statements, so that the strengths & weakness
of the firm as well as its history, performance and current financial position can be
determined. Ratio analysis is the most simplified method of appraisal of business
performance.
By going through the different variables We arrived at this conclusion that the |SINTEX
INDUSTRIES LTD. is growing every years. The company do the business of plastic and it is
one of the leading company in India.The product are of international standards.
On The ratios basis of the ratios analysing I can conclude the financial position of the
company and conclude the ratios.
Liquidity Ratio
In liquidity ratio the current ratio in the financial year 2010-
11 is 4.00 it is improved by 14.5% for compare to the past year. And acid test ratio in
financial year 2010-11 is 3.36 it is improved by17.89% for compare to the past year. Thus I
conclude on the basis of liquidity ratios that it is sign of improvement.
Turnover Ratio
In the turnover ratio the fixed assets turnover ratio in the
financial year 2010-11 is 1.36 it has not improved as compare to the last year and the
current assets turnover ratio in the financial year 2010-11 is 1.07 and other inventory turnover
ratios are also improved in 2010-11 for compared to the last year but and debtor turnover has
decreased as compare to previous year.
Solvency Ratio
In the solvency ratio the debt equity ratio in the financial
year 2010-11 is 0.28 and the capital employed ratio is 39.28, on the basis of these ratio I can
say that company financial position is positive.
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Profitability Ratio
In the profitability ratios the gross profit ratio in the 2010-
11 is 21.71 and the net profit ratio is 17.58 it means the profit of the company is increasing
every year.
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Suggestions
After the detailed study of financial analysis of Sintex industries ltd. there are some
suggestions to offer for improving their performance, profitability, liquidity & sales. The
main suggestions are given below: -
1) GROSS PROFIT RATIO: The company is doing well and has potential to earn
more profit by exploring those market segments which are yet to explore to increase
their sales. Gross profit will increase with the help of reducing their cost of production
and direct expenses.
2) NET PROFIT RATIO: The company can improve its net profit ratio by reducing
operating expenses.
3) RETURN ON INVESTMENT: Return on investment is improving every year and
they should try improving operational efficiency and borrowing policy of enterprise.
4) FIXED ASSETS TURNOVER RATIO: They should use fixed assets efficiently so
that the fixed assets turnover ratio improves.
5) INVENTORY TURNOVER RATIO: For better performance of business and to
make inventory turnover ratio higher they should increase the sale.
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Limitations
The annual report may be not exact so the result interpreted may vary from actual
situation
This research is stick to only quantitative analysis of the company.
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Scope For Future Work
After analyzing the annual reports, profit and loss and balance sheet of Sintex industries ltd. I
found that company is growing and it has good potential to do best in coming years.
With the help of analysis the ratio of Sintex industries ltd the researchers can forecast the
position of that company in future and if we think from investors point of view on the basis of
these ratio they can invest in Sintex industries ltd.
So we can say that there are scope and opportunity for Sintex industries ltd. in the
future.