Nirma company detergents sector

Profit & Loss account of Nirma

------------------- in Rs. Cr. ------------------Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Selling and Admin Expenses
Miscellaneous Expenses
Preoperative Exp Capitalised
Total Expenses

Operating Profit
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Extra-ordinary items

3,504.66
263.23
3,241.43
46.61
33.28
3,321.32

3,329.18
213.31
3,115.87
29.98
6.8
3,152.65

3,354.15
322.33
3,031.82
-74.03
31.08
2,988.87

1,541.27
506.53
133.14
40.41
553.49
74.79
0
2,849.63

1,369.83
394.83
113.45
35.47
551.2
64.26
0
2,529.04

1,483.04
401.06
99
33.44
423.43
48.06
0
2,488.03

Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
425.08
593.63
574.87
471.69
623.61
500.84
51.93
55.44
71.59
419.76
568.17
429.25
314.33
287.56
244.38
0
0
0
105.43
280.61
184.87
-28.36
8.49
-0.15

Nirma company detergents sector

PBT (Post Extra-ord Items)

Tax
Reported Net Profit
Total Value Addition
Preference Dividend
Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)

77.07
3.03
74.04
1,308.36
0
0
0

289.1
47.22
237.94
1,159.21
0
71.61
11.91

184.72
31.29
93.43
1,004.99
0.1
63.66
10.82

1,591.42
4.65
0
177.95

1,591.42
14.95
90
173.86

1,591.42
5.86
80
163.44

Nirma company detergents sector

Balance Sheet of Nirma

------------------- in Rs. Cr. ------------------Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
Sources Of Funds
Total Share Capital
Equity Share Capital
Share Application Money
Preference Share Capital
Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities

79.57
79.57
0
0
2,752.40
0
2,831.97
875.03
86.43
961.46
3,793.43

Mar '11
12 mths
Application Of Funds
Gross Block
Less: Accum. Depreciation
Net Block
Capital Work in Progress
Investments
Inventories
Sundry Debtors
Cash and Bank Balance
Total Current Assets
Loans and Advances
Fixed Deposits

4,537.65
2,723.74
1,813.91
179.78
541.52
734.81
316.24
62.6
1,113.65
867.08
1.33

79.57
79.57
0
0
2,687.32
0
2,766.89
751.97
209.47
961.44
3,728.33

Mar '10
12 mths
4,298.43
2,382.32
1,916.11
279.24
535.73
592.15
269.28
11.01
872.44
830.85
81.28

79.57
79.57
0
0
2,521.47
0
2,601.04
1,048.12
66.84
1,114.96
3,716.00

Mar '09
12 mths
4,048.53
2,129.59
1,918.94
243.08
539.77
600.27
250.49
13.09
863.85
725.12
200.5

Nirma company detergents sector

Total CA, Loans & Advances

Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets
Miscellaneous Expenses
Total Assets
Contingent Liabilities
Book Value (Rs)

1,982.06
0
647.93
75.91
723.84
1,258.22
0
3,793.43
2,319.74
177.95

1,784.57
0
637.85
149.47
787.32
997.25
0
3,728.33
2,166.09
173.86

1,789.47
0
639.98
135.28
775.26
1,014.21
0
3,716.00
2,151.66
163.44

Nirma company detergents sector

Trend Analysis of Profit & Loss statement of Nirma ( Rs. In cr)

Particulars
Net Sales
Cost of goods sold
Gross Profit (A-B)
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax

Mar '09-10

Mar '10-11

Mar '11-12

3,031.82
100
1,886.46
100
1,145.36
100

3,115.87
102.7722622
1,765.20
93.57223802
1,350.67
117.9251204

3,241.43
106.913669
2,054.93
108.9304836
1,186.50
103.5918838

71.59
100
570.49
100
503.28
100
-74.18
100
244.38
100
184.72

55.44
77.44098338
728.91
127.7691108
566.32
112.525266
9.164933064
-12.354992
287.56
117.6692037
287.92

51.93
72.53806398
761.42
133.4677207
373.15
74.14361787
18.25
-24.60231868
314.33
128.6234553
77.07

Nirma company detergents sector

Less Taxes
Net Profit After Tax

100
31.29
100
153.43
100

155.8694736
47.22
150.9108341
240.70
156.880722

41.72260719
3.03
9.683604986
74.04
48.25653392

Trend Analysis of Balance Sheet statement of Nirma ( Rs. In cr)

Sources of Fund
Equity Share Capital
Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities

Mar '09-10

Mar '10-11

Mar '11-12

79.57
100
2,521.47
100.00
0
0
2,601.04
100.00
1,048.12
100.00
66.84
100.00
639.98

79.57
100
2,687.32
106.58
0
0
2,766.89
106.38
751.97
71.74464756
209.47
313.3901855
637.85

79.57
100
2,752.40
109.16
0
0
2,831.97
108.88
875.03
83.48566958
86.43
129.3087971
647.93

Nirma company detergents sector

Provisions
Total Liabilities

Application of Fund
Net Block
Capital Work in Progress
Investments
Inventories
Sundry Debtors
Cash and Bank Balance
Loans and Advances
Fixed Deposits
Total Assets

100.00
135.28
100.00
4,491.26
100.00

99.6671771
149.47
110.4893554
4,515.65
100.5430547

101.2422263
75.91
56.1132466
4,517.27
100.5791248

Mar '09-10

Mar '10-11

Mar '11-12

1,918.94
100.00
243.08
100
539.77
100
600.27
100
250.49
100
13.09
100
725.12
100
200.5
100
4,491.26
100

1,916.11
99.85
279.24
114.8757611
535.73
99.25153306
592.15
98.64727539
269.28
107.5012975
11.01
84.11000764
830.85
114.5810349
81.28
40.53865337
4,515.65
100.5430547

1,813.91
94.53
179.78
73.95919039
541.52
100.3242122
734.81
122.4132474
316.24
126.2485528
62.6
478.2276547
867.08
119.5774492
1.33
0.663341646
4,517.27
100.5791248

Nirma company detergents sector

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit

Mar '09-10
3,031.82
1,886.46
1,145.36

Mar '10-11 Difference Percentage

3,115.87
1,793.33
1,322.54

84.05
93.13
177.18

2.772262206
4.936759857
15.46937208

Nirma company detergents sector

Less: Operating Expenses

Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

71.59
570.49
503.28
-74.18
244.38
184.72
31.29
153.43

55.44
728.91
538.19
38.47
287.56
289.10
47.22
241.88

16.15
158.42
34.91
112.65
43.18
104.38
15.93
88.45

22.55901662
27.76911076
6.936496582
-151.86034
17.6692037
56.50714595
50.91083413
57.64843903

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '10-11

Mar '11-12 Difference Percentage

3,115.87
1,793.33
1,322.54

3,241.43
2,054.93
1,186.50

125.56
261.60
136.04

4.029693152
14.58738771
10.28626733

55.44
728.91
538.19
38.47
287.56
289.10
47.22
241.88

51.93
761.42
373.15
18.25
314.33
77.07
3.03
74.04

3.51
32.51
165.04
20.22
26.77
212.03
44.19
167.84

6.331168831
4.460084235
30.66575001
52.5604367
9.309361525
73.34140436
93.58322745
69.38978006

Nirma company detergents sector

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '09-10

Mar '11-12 Difference Percentage

3,031.82
1,886.46
1,145.36

3,241.43
2,054.93
1,186.50

209.61
168.47
41.14

6.913669017
8.930483551
3.591883775

71.59
570.49
503.28
-74.18
244.38
184.72
31.29
153.43

51.93
761.42
373.15
18.25
314.33
77.07
3.03
74.04

19.66
190.93
130.13
92.43
69.95
107.65
28.26
79.39

27.46193602
33.46772073
25.85638213
-124.602319
28.62345527
58.27739281
90.31639501
51.74346608

Nirma company detergents sector

Comparative Analysis Statement of Balance sheet of Nirma (Rs. In cr)

Sources of Fund

Mar '09-10

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,521.47
0
2,601.04
1,048.12
66.84
639.98
135.28
4,491.26

Application of Fund

Mar '09-10

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

Mar '10-11 Difference

79.57
2,687.32
0
2,766.89
751.97
209.47
637.85
149.47
4,515.65

0
165.85
0
165.85
296.15
142.63
2.13
14.19
24.39

Mar '10-11 Difference

Percentage
0
6.57751232
0
6.37629564
28.2553524
213.390186
0.3328229
10.4893554
0.54305473

Percentage

1,918.94
243.08

1,916.11
279.24

2.83
36.16

0.14747725
14.8757611

539.77
600.27
250.49
13.09

535.73
592.15
269.28
11.01

4.04
8.12
18.79
2.08

0.74846694
1.35272461
7.50129746
15.8899924

725.12
200.5
4,491.26

830.85
81.28
4,515.65

105.73
119.22
24.39

14.5810349
59.4613466
0.54305473

Nirma company detergents sector

Comparative Analysis Statement of Balance sheet of Nirma( Rs. In cr)

Sources of Fund

Mar '10-11

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,687.32
0
2,766.89
751.97
209.47
637.85
149.47
4,515.65

Application of Fund

Mar '10-11

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors

Mar '11-12 Difference

79.57
2,752.40
0
2,831.97
875.03
86.43
647.93
75.91
4,517.27

0
65.08
0
65.08
123.06
123.04
10.08
73.56
1.62

Mar '11-12 Difference

Percentage
0
2.4217436
0
2.35209929
16.3650146
58.7387215
1.58030885
49.2138891
0.03587523

Percentage

1,916.11
279.24

1,813.91
179.78

102.2
99.46

5.33372301
35.6181063

535.73
592.15
269.28

541.52
734.81
316.24

5.79
142.66
46.96

1.0807683
24.0918686
17.4390969

Nirma company detergents sector

Cash and Bank

Balance
Loans and Advances
Fixed Deposits
Total Assets

11.01

62.6

51.59

468.574024

830.85
81.28
4,515.65

867.08
1.33
4,517.27

36.23
79.95
1.62

4.36059457
98.3636811
0.03587523

Comparative Analysis Statement of Balance sheet of Nirma( Rs. In cr)

Sources of Fund

Mar '09-10

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,521.47
0
2,601.04
1,048.12
66.84
639.98
135.28
4,491.26

Application of Fund

Mar '09-10

Mar '11-12 Difference

79.57
2,752.40
0
2,831.97
875.03
86.43
647.93
75.91
4,517.27

0
230.93
0
230.93
173.09
19.59
7.95
59.37
26.01

Mar '11-12 Difference

Percentage
0
9.1585464
0
8.87837173
16.5143304
29.3087971
1.24222632
43.8867534
0.57912479

Percentage

Nirma company detergents sector

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

1,918.94
243.08

1,813.91
179.78

105.03
63.30

5.47333424
26.0408096

539.77
600.27
250.49
13.09

541.52
734.81
316.24
62.6

1.75
134.54
65.75
49.51

0.32421216
22.4132474
26.2485528
378.227655

725.12
200.5
4,491.26

867.08
1.33
4,517.27

141.96
199.17
26.01

19.5774492
99.3366584
0.57912479

Common size Statement of Profit & Loss statement of Nirma( Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit

Mar '0910

Mar
'10-11

Mar '1112

3,031.82
100
1,886.46 62.22203
1,145.36 37.77797

3,115.87
100
1,793.33 57.55471
1,322.54 42.44529

3,241.43
100
2,054.93 63.39579
1,186.50 36.60421

71.59 2.361288
570.49 18.81675
503.28 16.59993

55.44 1.779278
728.91 23.39347
538.19 17.27254

51.93 1.602071
761.42 23.49025
373.15 11.51189

Nirma company detergents sector

-74.18 -2.44672
244.38 8.060505
184.72 6.09271
31.29 1.032053
153.43 5.060657

Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

38.47
287.56
289.10
47.22
241.88

1.234647
9.228883
9.278308
1.515468
7.76284

18.25
314.33
77.07
3.03
74.04

0.563023
9.697263
2.377654
0.093477
2.284177

Common size Analysis of Balance sheet of Nirma( Rs. In cr)

Sources of
Fund
Equity
Share
Capital
Reserves

2008- %
2009-10 %
2010%
201109
11
12
79.57 1.7716
79.57 1.762094
79.57 1.761462 104.28
63

2521.47

60.93061 2848.81

Revaluation
Reserves
Networth

Secured
Loans
Unsecured
Loans
Current

1,048.1
2
66.84

2601.04

189.93

23.336
88
1.4882
24

2012- %
13
1.762094 104.28 1.761462

2675.89

56.14171

2752.40

59.51126

2,691.28

2755.46

57.91337

2831.97

61.27335

2,795.56

62.69207 3,307.94

875.03 19.37077

1075.71

871.61

751.97 16.65253
209.47 4.638756
249.07

14.24945

86.43 1.913324 853.96

311.45

14.12532

1,202.65

0 0

853.96

14.3434 1390.63

Nirma company detergents sector

Liabilities
Provisions

135.28

3.0120
72

4,491.26

Total
Liabilities

Application
of Fund
Net Block
Capital
Work in
Progress
Investments

149.47 3.310044

Mar '0910
1,918.9
4
243.08

42.726
09
5.4122
9

539.77

Inventories

600.27

Sundry
Debtors
Cash and
Bank
Balance
Loans and
Advances
Fixed
Deposits
Total
Assets

250.49
13.09

725.12
200.5
4,491.2
6

75.91

100.00 4,515.65

Mar
'10-11

1.68044

100.00 4,517.27

1,916.11 42.43265 1,813.91 40.15501

63.33

195.28

Mar
'11-12
2,426.97

100 5,033.51

%
2,876.64

279.24 6.183827

179.78 3.979837

205.11

272.36

12.018
23
13.365
29
5.5772
77
0.2914
55

535.73 11.86385

541.52 11.98777

948.21

1,349.74

592.15 13.11328

734.81 16.26668

948.21

1,349.74

269.28 5.963261

316.24 7.000688

555.57

868.14

11.01 0.243819

62.6 1.385793

86.36

43.42

16.145
14
4.4642
26
100.00

830.85 18.39934

867.08 19.19478

906.23

609.35

81.28 1.799962

1.33 0.029443

26.11

4,515.65

100.00 4,517.27

100

Nirma company detergents sector

Common size Analysis of Balance sheet of Nirma( Rs. In cr)

Sources of Fund

Mar '0910

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,521.47
0
2,601.04
1,048.12
66.84
639.98
135.28
4,491.26

1.771663
56.14171
0
57.91337
23.33688
1.488224
14.24945
3.012072
100.00

Application of Fund

Mar '0910

1,918.94
243.08
539.77
600.27
250.49
13.09
725.12
200.5
4,491.26

42.72609
5.41229
12.01823
13.36529
5.577277
0.291455
16.14514
4.464226
100.00

Net Block
Capital Work in Progress
Investments
Inventories
Sundry Debtors
Cash and Bank Balance
Loans and Advances
Fixed Deposits
Total Assets

Mar
'10-11
79.57
2,687.32
0
2,766.89
751.97
209.47
637.85
149.47
4,515.65

Mar
'10-11
1,916.11
279.24
535.73
592.15
269.28
11.01
830.85
81.28
4,515.65

Mar '1112

1.762094
59.51126
0
61.27335
16.65253
4.638756
14.12532
3.310044
100.00

79.57
2,752.40
0
2,831.97
875.03
86.43
647.93
75.91
4,517.27

1.761462
60.93061
0
62.69207
19.37077
1.913324
14.3434
1.68044
100

Mar '1112

42.43265
6.183827
11.86385
13.11328
5.963261
0.243819
18.39934
1.799962
100.00

1,813.91
179.78
541.52
734.81
316.24
62.6
867.08
1.33
4,517.27

40.15501
3.979837
11.98777
16.26668
7.000688
1.385793
19.19478
0.029443
100

Nirma company detergents sector

Calculation of ratios

1) Current Ratio = Current Assets

Current Liabilities
(Rs. In core)
Particulars

2009-10

2010-11

2011-12

Current assets

863.85

872.44

1113.65

Current liabilities

639.98

637.85

647.93

1.349807806 1.367782394

1.71878135

Ratio

Interpretation:
From calculation of above current ratio of three different years, it interpreted that ,the ratio of
year 2011-12 is high so current assets for that year is more than other two years. That is
1.71878135.

Nirma company detergents sector

2) Debtors turnover Ratio = Net Sales

Average Receivables
(Rs. In core)
Particulars

2009-10

2010-11

2011-12

Net Sales

3031.82

3115.87

3241.43

Average Receivables

250.49

269.28

316.24

12.10355703 11.57111557 10.24990514

Ratio

Interpretation:
From calculation of above debtor turnover ratio of three different years, it interpreted that ,the
ratio of year 2009-10 is high so net sales for that year is more than other two years. That is
12.10355703. And average debtors are less compare to other years.

3) Total Assets turnover Ratio =

Net Sales
Total Assets
(Rs. In core)

Particulars

2009-10

2010-11

2011-12

Net Sales

3031.82

3115.87

3241.43

Total Assets

3716

3728.33

3793.43

Nirma company detergents sector

0.81588267 0.835728061 0.854485255

Ratio

Interpretation:
From calculation of above toal assets turnover ratio of three different years, it interpreted that,
the ratio of year 2011-12 is high so net sals for that year is more than other two years. That is
0.854485255.

4) Working Capital Ratio = Net Sales

Working capital

(Rs. In core)
Particulars

2009-10

2010-11

2011-12

Net Sales

3031.82

3115.87

3241.43

Working Capital

374.23

359.40

610.29

8.101488389 8.669643851 5.31129463

Ratio

Interpretation:
From calculation of above working capital ratio of three different years, it interpreted that, the
ratio of year 2010-11 is high so net sales for that year is more than other two years. That is
8.669643851.

Nirma company detergents sector

5) Earnings Per Share Ratio = Profit after tax-Pref. Dividend

Equity share capital
(Rs. In core)
Particulars

2009-10

2010-11

2011-12

Equity share capital

79.57

79.57

79.57

Profit after tax

153.58

233.39

102.4

1.930124419 2.933140631 1.28691718

Ratio

Interpretation:
From calculation of above earnings per share ratio of three different years, it interpreted that, the
ratio of year 2010-11 is high so equity share capital for that year is more than other two years.
That is 2.933140631.

6) Inventory turnover Ratio = Net Sales

Nirma company detergents sector

Average Inventory

(Rs. In core)
Particular

2009-10

2010-11

2011-12

Net Sales

3031.82

3115.87

3241.43

Average Inventory

600.27

592.15

734.81

5.050760491 5.261960652 4.411249166

Ratio

Interpretation:
From calculation of above inventory turnover ratio of three different years, it interpreted that, the
ratio of year 2010-11 is high so net sales for that year is more than other two years. That is
5.261960652.

7) Return on Capital =

Operating Profit - Tax

Equity Share + Total Debt - Cash
(Rs. In crore)

Particulars

2009-10

2010-11

2011-12

Operating Profit

574.87

593.63

425.08

Tax

31.29

47.22

3.03

Equity Share Capital

79.57

79.57

79.57

Nirma company detergents sector

Total Debt

1114.96

961.44

961.46

Cash

13.09

11.01

62.6

1108.701469 957.2970353 904.1641347

Ratio ( % )

Interpretation:
From calculation of above return on capital ratio of three different years, it interpreted that, the
ratio of year 2009-10 is high so operating profit after deducting tax is high for that than other two
years. That is 1108.701469.

Nirma company detergents sector

An assignment on subject:
Accounting for managers
(Nirma Company)
Sector: Detergents

Submitted By:
Krishna Mavanee

Submitted to:
Mr.sanjay

Nirma company detergents sector

At c.k. pithawalla management institute

1) Current Ratio = Current Assets

Current Liabilities
(Rs. In core)
Particulars

2009-10

2010-11

2011-12

Current assets

3125.61

3463.76

3397.63

Current liabilities

1177.11

1150.72

1190.78

Ratio

2.6553

3.0100

2.8532

Interpretation:

Nirma company detergents sector

2) Debtors turnover Ratio = Net Sales

Average Receivables
(Rs. In core)
Particulars

2009-10

2010-11

2011-12

Net Sales

5605.69

6319.35

6977.50

Average Receivables

1694.93

1524.875

1508.175

Ratio

3.3073

4.1441

4.6264

Interpretation:

3) Total Assets turnover Ratio =

Net Sales
Total Assets
(Rs. In core)

Particulars

2009-10

2010-11

2011-12

Net Sales

5605.69

6319.35

6977.50

Total Assets

5919.16

7054.34

7562.48

Ratio

0.9470

0.8958

0.9226

Interpretation:

Nirma company detergents sector

4) Working Capital Ratio = Net Sales

Working capital

(Rs. In core)
Particulars

2009-10

2010-11

2011-12

Net Sales

5605.69

6319.35

6977.50

Working Capital

1948.50

2313.04

2206.85

Ratio

2.8769

2.7320

3.1617

Interpretation:

5) Earnings Per Share Ratio = Profit after tax-Pref. Dividend

Equity share capital
(Rs. In core)

Nirma company detergents sector

Particulars

2009-10

2010-11

2011-12

Equity share capital

160.58

160.58

160.58

Profit after tax

1081.49

960.39

1123.96

Ratio

6.7348

5.9807

6.9993

Interpretation:

6) Inventory turnover Ratio = Net Sales

Average Inventory

(Rs. In core)
Particular

2009-10

2010-11

2011-12

Net Sales

5605.69

6319.35

6977.50

Average Inventory

1512.58

1883.16

1824.50

Ratio

3.7060

3.3557

3.8243

Interpretation:

Nirma company detergents sector

7) Return on Capital =

Operating Profit - Tax

Equity Share + Total Debt - Cash
(Rs. In crore)

Particulars

2009-10

2010-11

2011-12

Operating Profit

1352.63

1270.45

1585.59

Tax

243.5

191

297.5

Equity Share Capital

160.58

160.58

160.58

Total Debt

5.07

441.39

12.2

Cash

60.32

83.56

53.82

Ratio ( % )

10.5300

2.0822

10.8279

Interpretation: