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ABSTRACT


Financial analysis is the process of analyzing and identifying the financial strength and the
weakness of the firm by properly establishing the relationship between the items of balance sheet
and profit and loss account. Financial analysis can be undertaken by the management of the firm,
or by parties outside the firm, via owners, creditors, investors and others. The nature of the
analysis will differ depending on the purpose of the analyst.
Management, Creditors, Investors and others to form judgments about the operating performance
and financial position of the firm use the information contained in this statements can get further
insight about the financial strength and the weakness of the firm to make their best use and to be
able to spot out financial weakness of the firm to take suitable corrective action.
The financial analysis is the starting point for making plans, before using any sophisticated
forecasting and planning procedures. Understanding the past is the prerequisite for anticipating
future.






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LIST OF TABLES
S.NO. TITLE PAGE NO.
3.2.1 Table Showing the Current Ratio 36
3.2.2 Table Showing the Quick Ratio 38
3.2.3 Table Showing the Cash Adequacy Ratio 39
3.2.4 Table Showing the Debt-equity Ratio 40
3.2.5 Table Showing the Proprietary Ratio 41
3.2.6 Table Showing the Debt Ratio 42
3.2.7 Table Showing the Inventory Turnover Ratio 43
3.2.8 Table Showing the Current Asset Turnover Ratio 45
3.2.9 Table Showing the Total Asset Turnover ratio 46
3.2.10 Table Showing the Working Capital Turnover ratio 47
3.2.11 Table Showing the Owned Capital Turnover ratio 48
3.2.12 Table Showing the Fixed Asset Turnover ratio 49
3.2.13 Table Showing the Net Profit Ratio 50
3.2.14 Table Showing the Gross Profit Ratio 52
3.2.15 Table Showing the Return On Investment Ratio 53
3.2.16 Table Showing the Return on shareholders fund ratio 54
3.2.17 Table Showing the Return On Asset Ratio 55
3.2.18 Table Showing the Earnings per share Ratio 56
3.2.19 Table showing the Comparative balance sheet of 2008&2009 57
3.2.20 Table showing the Comparative balance sheet of 2009&2010 59
3.2.21 Table showing the Comparative balance sheet of 2010&2011 61
3.2.22 Table showing the Comparative balance sheet of 2011&2012 63
3.2.23 Table showing the Comparative balance sheet of 2012&2013 65
3.2.24 Table Showing the Common Size Balance Sheet of 2008-2009 67
3.2.25 Table showing the Common Size Balance Sheet of 2009-2010 68
3.2.26 Table showing the Common Size Balance Sheet of 2010-2011 69
3.2.27 Table showing the Common Size Balance Sheet of 2011-2012 70
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3.2.28 Table showing the Common Size Balance Sheet of 2012-2013 71
3.2.29 Table Showing the Trend Analysis for Sales 74
3.2.30 Table Showing the Trend Analysis for Current Assets 77

LIST OF CHARTS
S.NO. TITLE PAGE NO.
3.2.1 Chart Showing the Current Ratio 37
3.2.2 Chart Showing the Quick Ratio 38
3.2.3 Chart Showing the Cash Adequacy Ratio 39
3.2.4
Chart Showing the Debt-equity Ratio
40
3.2.5
Chart Showing the Proprietary Ratio
41
3.2.6 Chart Showing the Debt Ratio 42
3.2.7 Chart Showing the Inventory Turnover Ratio 44
3.2.8 Chart Showing the Current Asset Turnover Ratio 45
3.2.9 Chart Showing the Total Asset Turnover ratio 46
3.2.10
Chart Showing the Working Capital Turnover ratio
47
3.2.11
Chart Showing the Owned Capital Turnover ratio
48
3.2.12 Chart Showing the Fixed Asset Turnover ratio 49
3.2.13 Chart Showing the Net Profit Ratio 51
3.2.14 Chart Showing the Gross Profit Ratio 52
3.2.15 Chart Showing the Return On Investment 53
3.2.16
Chart Showing the Return On Shareholders fund
54
3.2.17
Chart Showing the Return On Asset
55
3.2.18 Chart Showing the Earnings per share 56
3.2.29 Chart Showing the Trend Analysis for Sales 75
3.2.30 Chart Showing the Trend Analysis for Current Assets 78