Balance Sheet

------------------- in Rs. Cr. ---------Mar '11

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

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

Mar '10
12 mths

Mar '09
12 mths

Mar '08
12 mths

Mar '07
12 mths

1,898.80
1,898.77
1,898.24
1,897.91
1,895.93
1,898.80
1,898.77
1,898.24
1,897.91
1,895.93
278.60
186.09
116.22
57.63
30.00
0.00
0.00
0.00
0.00
0.00
41,932.10 34,650.19 25,627.38 18,283.82
9,515.21
2.10
2.13
2.13
2.13
2.13
44,111.60 36,737.18 27,643.97 20,241.49 11,443.27
17.10
39.43
51.73
52.42
266.45
11,880.40
4,999.49
7,661.92
6,517.92
5,044.36
11,897.50
5,038.92
7,713.65
6,570.34
5,310.81
56,009.10 41,776.10 35,357.62 26,811.83 16,754.08
Mar '11
Mar '10
Mar '09
Mar '08
Mar '07
12 mths
12 mths
12 mths
12 mths
12 mths
61,437.50
20,736.70
40,700.80
6,497.60
11,813.00
34.40
2,375.80
126.60
2,536.80
11,186.10
7.20
13,730.10

44,212.53
16,187.56
28,024.97
1,594.74
15,773.32
27.24
2,104.98
54.89
2,187.11
7,072.42
761.86
10,021.39

37,266.70
12,253.34
25,013.36
2,566.67
11,777.76
62.15
2,550.05
153.44
2,765.64
5,602.83
2,098.16
10,466.63

28,115.65
9,085.00
19,030.65
2,751.08
10,952.85
56.86
2,776.46
200.86
3,034.18
5,103.13
302.08
8,439.39

26,509.93
7,204.30
19,305.63
2,375.82
705.82
47.81
1,418.52
239.11
1,705.44
3,160.02
541.35
5,406.81

0.00
16,104.80
627.60
16,732.40
-3,002.30
0.00
56,009.10

0.00
12,979.55
658.75
13,638.30
-3,616.91
0.00
41,776.12

0.00
13,832.49
634.40
14,466.89
-4,000.26
0.09
35,357.62

0.00
12,400.38
1,961.95
14,362.33
-5,922.94
0.20
26,811.84

0.00
9,809.83
1,232.84
11,042.67
-5,635.86
2.66
16,754.07

49,771.40
115.42

3,921.50
96.24

4,104.25
145.01

7,140.59
106.34

7,615.04
60.19

Profit & Loss account

------------------- in Rs. Cr. -------------------

Mar '11
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
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)

Mar '10
12 mths

Mar '09
12 mths

Mar '08
12 mths

38,015.80 35,609.54 34,048.32 25,761.11

0.00
0.00
0.00
0.00
38,015.80 35,609.54 34,048.32 25,761.11
218.20 1,118.46 -1,261.75
104.04
7.20
-34.91
5.29
9.05
38,241.20 36,693.09 32,791.86 25,874.20
251.30
278.72
0.00
0.00
1,304.50 1,401.66
14,204.20 11,882.41

Mar '07
12 mths
17,851.61
0.00
17,851.61
105.62
30.07
17,987.30

286.94
0.00
1,397.54
8,627.13

42.90
0.00
1,297.88
7,339.01

52.16
0.00
1,076.95
5,017.27

8,137.70

6,856.42

9,385.68

5,892.50

4,030.48

699.60
0.00

1,482.39
-293.31

1,409.89
-269.25

535.46
0.00

444.28
0.00

24,597.30 21,608.29 20,837.93 15,107.75

Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths

10,621.14
Mar '07
12 mths

13,425.70
13,643.90
296.70
13,347.20
4,193.70
417.90
8,735.60
11.80
8,747.40
1,007.60
7,716.90
24,346.00
0.00
379.80
60.10

10,662.41
10,766.45
393.43
10,373.02
3,166.58
266.07
6,940.37
-60.67
6,879.70
632.43
6,244.19
15,064.84
0.00
0.00
0.00

7,260.54
7,366.16
282.07
7,084.09
2,353.30
137.80
4,592.99
9.92
4,602.91
566.79
4,033.23
10,568.98
0.00
0.00
0.00

37,975.30 37,975.30 18,982.40 18,979.07

20.32
24.82
40.79
32.90
20.00
20.00
20.00
0.00
115.42
96.24
145.01
106.34
Key Financial Ratios

18,959.34
21.27
0.00
60.19

13,966.34
15,084.80
283.35
14,801.45
3,890.08
207.84
10,703.53
-50.78
10,652.75
1,177.87
9,426.15
21,329.56
0.00
379.79
64.55

13,215.68
11,953.93
434.16
11,519.77
3,206.28
178.82
8,134.67
-46.15
8,088.52
321.78
7,743.84
20,551.00
0.00
379.65
64.52

Mar '11
Investment Valuation
Ratios
Face Value
Dividend Per Share
Operating Profit Per Share
(Rs)
Net Operating Profit Per
Share (Rs)
Free Reserves Per Share
(Rs)
Bonus in Equity Capital
Profitability Ratios
Operating Profit Margin(%)
Profit Before Interest And
Tax Margin(%)
Gross Profit Margin(%)
Cash Profit Margin(%)
Adjusted Cash Margin(%)
Net Profit Margin(%)
Adjusted Net Profit
Margin(%)
Return On Capital
Employed(%)
Return On Net Worth(%)
Adjusted Return on Net
Worth(%)
Return on Assets Excluding
Revaluations
Return on Assets Including
Revaluations
Return on Long Term
Funds(%)
Liquidity And Solvency
Ratios
Current Ratio
Quick Ratio
Debt Equity Ratio
Long Term Debt Equity
Ratio
Debt Coverage Ratios
Interest Cover
Total Debt to Owners Fund
Financial Charges Coverage
Ratio
Financial Charges Coverage
Ratio Post Tax
Management Efficiency

Mar '10

Mar '09

Mar '08

Mar '07

5
1
35.29

5
1
36.65

10
2
69.5

10
-56.16

10
-38.28

100.11

93.77

179.37

135.73

94.16

103.84

84.64

121.78

83.18

49.88

82.49

82.49

82.51

82.53

82.61

35.25
24.12

39.08
28.04

38.74
29.12

41.37
28.78

40.65
27.31

24.22
32.1
32.1
20.21
20.21

28.15
35.25
35.25
26.36
26.36

29.33
36.96
36.96
22.58
22.58

29.08
38.03
38.03
23.99
23.99

27.47
36.26
36.26
22.46
22.46

15.97

23.86

28.4

27.95

29.06

17.6
17.43

25.79
23.27

28.13
33.74

30.94
32.04

35.35
35.23

115.42

96.24

145.01

106.34

60.17

115.43

96.25

145.02

106.35

60.18

16.89

24.36

29.01

28.52

29.83

0.7
0.77
0.27
0.21

0.7
0.67
0.14
0.12

0.69
0.65
0.28
0.26

0.57
0.55
0.33
0.3

0.47
0.47
0.47
0.43

80.09
0.27
45.69

85.82
0.14
49.64

46.28
0.28
30.93

34.38
0.33
27.77

23.45
0.47
26.09

42.55

48.73

26.63

25.6

24.13

Ratios
Inventory Turnover Ratio
Debtors Turnover Ratio
Investments Turnover Ratio
Fixed Assets Turnover
Ratio
Total Assets Turnover Ratio
Asset Turnover Ratio
Average Raw Material
Holding
Average Finished Goods
Held
Number of Days In
Working Capital
Profit & Loss Account
Ratios
Material Cost Composition
Imported Composition of
Raw Materials Consumed
Selling Distribution Cost
Composition
Expenses as Composition of
Total Sales
Cash Flow Indicator Ratios
Dividend Payout Ratio Net
Profit
Dividend Payout Ratio Cash
Profit
Earning Retention Ratio
Cash Earning Retention
Ratio
AdjustedCash Flow Times

Earnings Per Share

Book Value

1,105.11
16.97
1,105.11
0.82

1,307.05
15.3
1,307.05
0.88

547.83
12.78
547.83
1

453.06
12.28
453.06
1.03

373.35
14.31
373.35
0.75

0.93
0.82

0.93
0.88

1.06
1

1.09
1.03

1.27
0.75

--

--

--

--

--

0.47

0.41

0.98

1.18

1.36

-28.43

-36.57

-42.3

-82.77

-113.65

0.66
--

0.78
--

0.84
--

0.16
--

0.29
--

8.36

6.75

6.49

7.15

6.3

4.77

5.03

5.31

8.82

5.7

4.71

5.73

--

--

3.56

3.28

3.99

--

--

94.25
96.41

94.78
96.48

95.22
96.5

100
100

100
100

0.97

0.4

0.61

0.66

0.82

Mar '11

Mar '10

Mar '09

Mar '08

Mar '07

20.32
115.42

24.82
96.24

40.79
145.01

32.9
106.34

21.27
60.19

The key formulas used in for the calculations of the ratios:

LIQUIDITY RATIOS

CURRENT RATIO = CURRENT ASSETS

CURRENT LIABILITIES

QUICK RATIO =

CURRENT ASSETS INVENTORY

CURRENT LIABILITIES

LEVERAGES RATIOS

DEBT EQUITY RATIO =

LONG TERM DEBT

SHAREHOLDERS FUNDS

INTEREST COVERAGE RATIO =

PBIT
INTEREST

DEBT SERVICE COVERAGE RATIO =

PAT + DEPRECIATION + OTHER NON

CASH CHARGES + INTEREST ON

TERM LOAN + LEASE RENTAL INTEREST ON TERM LOAN + LEASE

RENTAL + REPAYMENT OF TERM LOAN

ACTIVITY RATIOS

INVENTORY TURNOVER RATIO =

COGS
INVENTORY

DEBTORS TURNOVER RATIO = NET CREDIT SALES

DEBTOR

FIXED ASSET TURNOVER RATIO =

NET SALES
NET FIXED ASSETS

TOTAL ASSETS TURNOVER RATIO =

NET SALES
TOTAL ASSETS

PROFITABILITY RATIO

GROSS PROFIT MARGIN = GROSS PROFIT

100

SALES

OPERATING PROFIT MARGIN = OPERATING PROFIT(EBIT)

SALES

100

NET PROFIT MARGIN = NET PROFIT AFTER TAX

100

SALES

RETURN ON CAPITAL EMPLOYED =

PAT

OR

TOTAL ASSETS

PBIT
TOTALASSETS

VALUATION RATIOS

PRICE EARNINGS RATIO = MARKET PRICE PER SHARE

EARNINGS PER SHARE

BOOK VALUE RATIO = MARKET VALUE PER SHARE

BOOK VALUE PER SHARE

YIELD RATIO = DIVIDEND + PRICE CHANGE

INITIAL PRICE

Current ratio for Bharti group was .47 in 2007 now it is .7 . This means that the
liabilities of the firm are increasing year on year and the ratio is even for last
two years.

 The quick ratio for the firm is ranging in the .7 to .This means that the company
cannot with its cash in near cash assets, pay off all its current liabilities. The
firm would need to sell some of its stocks to meet its current obligation.
Debt equity ratio value is showing a decreasing trend. The value for year 2010
was .14 while that for 2011 is .27.The value is ideal when it is near to 1.
The interest coverage ratio was in the 20s for 2007 while it has increased to the
80s in 2011. Thus The companies earnings before interest and tax are 80 times
its interest expense.
The inventory turnover ratio shows a very high value. The value has increased
above 1000, a higher value indicates better performance.
The debtors turnover ratio has increased to 16 from the 14 range this shows
speedy and effective collection. The higher the ratio the better it is.
Fixed assets turnover ratio is found to be near 1, the ratio is high, so there is
intensive utilization of fixed assets.
The Total assets turnover ratio is decreasing over the years. This shows that
there has been a decrease in the sales over the years.
The gross profit margin is th