RATIO ANALYSIS

Balance sheet of Bata India ------------------- in Rs. Cr. -------------------

Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds
Total Share Capital 144.5 144.5 144.5 144.5 144.5
Equity Share Capital 144.5 144.5 144.5 144.5 144.5
Share Application Money 0 0 0 0 0
Preference Share Capital 0 0 0 0 0
Reserves 4,234.30 5,308.10 6,709.40 8,270.90 9,200.40
Revaluation Reserves 0 0 0 0 0
Networth 4,378.80 5,452.60 6,853.90 8,415.40 9,344.90
Secured Loans 307.6 71.7 63.5 0.1 0.1
Unsecured Loans 0 0 567.3 900.1 698.8
Total Debt 307.6 71.7 630.8 900.2 698.9
Total Liabilities 4,686.40 5,524.30 7,484.70 9,315.60 10,043.80
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds
Gross Block 5,053.10 4,954.60 6,146.80 7,285.30 8,720.60
Less: Accum. Depreciation 3,179.40 3,259.40 3,487.10 3,988.80 4,649.80
Net Block 1,873.70 1,695.20 2,659.70 3,296.50 4,070.80
Capital Work in Progress 42.1 92 238.9 736.3 861.3
Investments 1,516.60 2,051.20 3,409.20 5,180.70 3,173.30
Inventories 666.6 881.2 713.2 1,038.00 902.3
Sundry Debtors 599.5 654.8 747.4 655.5 918.9
Cash and Bank Balance 79.4 51.6 114.8 324 239
Total Current Assets 1,345.50 1,587.60 1,575.40 2,017.50 2,060.20
Loans and Advances 801.9 933.1 1,072.60 1,173.00 1,809.80
Fixed Deposits 950 1,350.00 1,308.00 0 1,700.00
Total CA, Loans & Advances 3,097.40 3,870.70 3,956.00 3,190.50 5,570.00
Deffered Credit 0 0 0 0 0
Current Liabilities 1,454.20 1,704.80 2,288.60 2,718.90 3,250.90
Provisions 389.2 480 490.5 369.5 380.7
Total CL & Provisions 1,843.40 2,184.80 2,779.10 3,088.40 3,631.60
Net Current Assets 1,254.00 1,685.90 1,176.90 102.1 1,938.40
Miscellaneous Expenses 0 0 0 0 0
Total Assets 4,686.40 5,524.30 7,484.70 9,315.60 10,043.80

Contingent Liabilities 893.6 1,289.70 2,094.60 2,734.20 1,901.70

Book Value (Rs) 151.56 188.73 237.23 291.28 323.45

LIQUIDITY RATIO
current ratio 0.925251 0.931253 0.688368 0.742028 0.633732
quick ratio 0.466855 0.414359 0.376737 0.360256 0.356178
Debt equity ratio 0.070248 0.01315 0.092035 0.106971 0.074789

DEBT COVERAGE RATIO

Interest cover 37.26111 88.07353 61.7766 42.86074 34.5451

MANAGEMENT EFFICIENCY RATIO

Inventory turnover ratio 20.18932 16.9074 24.33875 20.42428 25.91322
Debtor turnover ratio 22.44904 22.75321 23.22505 32.34233 25.4451
Fixed asset turnover ratio 3.07349 2.732421 2.532631 2.519239 2.50206
Asset turnover ratio 2.871757 2.696957 2.319184 2.275795 2.327954

PROFITABILITY RATIO
Gross profit margin(%) 13.24026 13.97495 14.94493 14.72944 10.55664
Net profit margin(%) 6.342602 7.98118 8.998525 8.163997 5.21224
Return on net worth(%) 19.49393 21.80794 22.78994 20.56706 13.04134
EPS (earning per share) 29.54553 41.15815 54.06528 59.90793 42.18269
 ------------
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Profit and loss of Rs. Cr.
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maruti india -------
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales Turnover 13,458.20 14,898.80 17,358.40 21,200.40 23,381.50
Excise Duty 2,411.90 2,700.90 2,552.00 3,133.60 2,652.10
Net Sales 11,046.30 12,197.90 14,806.40 18,066.80 20,729.40
Other Income 187.5 184.4 338.1 494 491.7
Stock Adjustments 141.7 199.7 -200.7 336.3 -356.6
Total Income 11,375.50 12,582.00 14,943.80 18,897.10 20,864.50
Expenditure
Raw Materials 8,650.20 9,423.40 10,863.00 13,958.30 15,983.20
Power & Fuel Cost 58.1 57.2 97.4 147.3 193.6
Employee Cost 196 228.7 288.4 356.2 471.1
Other Manufacturing Expenses 215.7 302.4 392.4 523.3 716.1
Selling and Admin Expenses 374.27 349.51 483.26 521.48 751.06
Miscellaneous Expenses 121.73 145.39 239.44 287.62 303.44
Preoperative Exp Capitalised -22.4 -6.7 -14.3 -19.8 -22.3
Total Expenses 9,593.60 10,499.90 12,349.60 15,774.40 18,396.20
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Operating Profit 1,594.40 1,897.70 2,256.10 2,628.70 1,976.60

PBDIT 1,781.90 2,082.10 2,594.20 3,122.70 2,468.30
Interest 36 20.4 37.6 59.6 51
PBDT 1,745.90 2,061.70 2,556.60 3,063.10 2,417.30
Depreciation 456.8 285.4 271.4 568.2 706.5
Other Written Off 16.3 0 0 0 0
Profit Before Tax 1,272.80 1,776.30 2,285.20 2,494.90 1,710.80
Extra-ordinary items 51.4 5.4 33.4 76.6 37.9
PBT (Post Extra-ord Items) 1,324.20 1,781.70 2,318.60 2,571.50 1,748.70
Tax 446.5 560.9 705.3 763.3 457.1
Reported Net Profit 853.6 1,189.10 1,562.00 1,730.80 1,218.70
Total Value Addition 943.4 1,076.50 1,486.60 1,816.10 2,413.00
Preference Dividend 0 0 0 0 0
Equity Dividend 57.8 101.1 130 144.5 101.1
Corporate Dividend Tax 8.2 14.2 21.9 24.8 17.2
Per share data (annualised)
Shares in issue (lakhs) 2,889.10 2,889.10 2,889.10 2,889.10 2,889.10
Earning Per Share (Rs) 29.55 41.16 54.07 59.91 42.18
Equity Dividend (%) 40 70 90 100 70

Book Value (Rs) 151.56 188.73 237.23 291.28 323.45

RATIO ANALYSIS

PROFITABILITY RATIO
Current ratio
Quick ratio
Debt equity ratio

DEBT COVERAGE RATIO

Interest cover

MANAGEMENT EFFICIENCY RATIO

Inventory turnover ratio
Debtor turnover ratio
Fixed asset turnover ratio
Asset turnover ratio

PROFITABILITY RATIO
Gross profit margin(%)
Net profit margin(%)
Return on net worth(%)
EPS (earning per share)
This ratio is fluctuating in this case, but ultimately decreases than 2005, liquidity position is getting weak but there can be that
This ratio is falling year after year ----- current asset minus inventory / current liabilities. We can see that level of inventory is
This ratio is constantly fluctuating capital structure is constanly changing as there is different proportions in it.

This ratio is increasing to a large extent and then decreasing.This means that amount of interest is increasing rapidly and then

This ratio is constantly fluctuating for the period, it will be better for the company because it will raduce the inventory convers
This ratio is increased from 20 to 25 recently, it will be better for the company because it will reduce DSO.
It shows the sales on each rupee of fixed assets of a company.however it decreased from 3 to 2.5 which shows that company
it shows the sales on each rupee of total assets of a company.it is decreasing which is not so good for the company in long ter

it shows the total profitability of a company without taking into account taxes and depriciation.it increased from 13% to 14% r
it shows the net profitability of a company .it is increased from 6% to 8% recently and then decreased to 5% which is not goo
it is increasing from 19% to 20%,which is a good sign.this is because of the increase sales.
this ratio is increasing tremendously, it has increased from 29% to 59% then decreased to 42%, which may be due to market c
necessary inventories are not kept
h less then the current ratio

on was not good or because of inability to use the fixed assets properly.

se of bad market conditions