DECLARATION

I hereby declare that the project entitled "RATIO ANALYSIS OF ITC LTD." submitted for the award of MBA Degree is my original work and the project has not formed the basis for the award of any degree, asossciateship, fellowship or any other similar titles.

Signature of the Student: Place: Date:

CERTIFICATE

I have the pleasure in certifying that Mr./Ms. .......is a bonafide student of IInd Semester of the Masters Degree in Business Administration (Batch 2011-13), of Institute of Management Studies, Dehradun under Uttarakhand Technical University Roll No. ... . He/She has completed his/her project .. guidance. work under entitled my

I certify that this is his/her original effort & has not been copied from any other source. This project has also not been submitted in any other Institute / University for the purpose of award of any Degree. This project fulfils the requirement of the curriculum prescribed by this Institute for the said course. I recommend this project work for evaluation & consideration for the award of Degree to the student. Signature : Name of the Guide : Designation : Date :

ACKNOWLEDGEMENT

Perseverance inspiration and motivation have always played a key role in success of any venture. I hereby express my deep sense of gratitude to all the personalities involved directly and indirectly in my project work. I would thank to God for their blessing and my parents also for their valuable suggestion and support in my project report. I would also like to thank our friends and those who have helped us during this project directly or indirectly. Last but not the least; I would like to express my sincere gratitude to all the faculty members who have taught me in my entire MBA curriculum and my guide DR. HEMANT SHARMA who has always been a source of guidance, inspiration and motivation. However, I accept the sole responsibility for any possible errors of omission and would be extremely grateful to the readers of this project report if they bring such mistakes to my notice.

PRIYANKA CHAUDHARY MBA (MB11B04)

Executive summary
The company is showing high progress in the area of ratio analysis so it is a golden opportunity for me to do project report on this topic . This report deals with the progressive aspects of company i.e ratio analysis . Ratio analysis includes various types of ratio like profit on loan , solvency ratio , profitability ratio , activity ratio , administrative to working capital ratio etc. I have tried to cover all the details of ratio analysis using simple and easy language . At last, i include the suggestions for the fulfillment of the project.

TABLE OF CONTENTS

INTRODUCTION NEED FOR THE STUDY OBJECTIVES RESEARCH METHODOLOGY LIMITATIONS OF STUDY RATIO ANALYSIS DATA ANALYSIS FINDINGS OF THE STUDY SUGGESTIONS CONCLUSION BIBLIOGRAPHY APPENDIX

1-7 8 9 10 11 12-30 31-60 61 62 63 64 65-66

TABLE OF GRAPHS

LIQUIDITY RATIO LEVERAGE RATIO ACTIVITY RATIO PROFITABILITY RATIO OVERALL PROFITABILITY RATIO

31-36 37-38 39-46 47-54 55-60