Ambuja & ACC Final Ratios

8/7/2019 Ambuja & ACC Final Ratios

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Balance Sheet of Ambuja

Jun '05 Dec '06 Dec '07

12 Months 12 Months 12 Months

Sources Of Funds

Total Share Capital 270.38 303.37 304.48

Equity Share Capital 270.38 303.37 304.48

Share Application Money 0.03 1.14 0

Preference Share Capital 0 0.00 0

Reserves 1,908.01 3,187.21 4,356.77

Revaluation Reserves 0 0 0

Networth 2,178.42 3,491.72 4,661.25

Secured Loans 549.33 317.77 100.00

Unsecured Loans 578.12 547.61 230.42

Total Debt 1,127.45 865.38 330.42

Total Liabilities 3,305.87 4,357.10 4,991.67

Jun '05 Dec '06 Dec '07


Application Of Funds

Gross Block 3,709.17 4,542.50 5,231.05

Less: Accum. Depreciation 1,463.93 2,053.32 2,271.19

Net Block 2,245.24 2,489.18 2,959.86

Capital Work in Progress 118.1 634.93 696.79

Investments 1,125.06 1,133.12 1,288.94

Inventories 317 408.82 581.6

Sundry Debtors 45.84 89.95 145.68

Cash and Bank Balance 86.27 172.36 114.94

Total Current Assets 449.11 671.13 842.22

Loans and Advances 145.10 313.03 237.04

Fixed Deposits 0.26 205.74 535.85

Total CA, Loans & Advances 594.47 1,189.90 1,615.11

Deffered Credit 0 0 0

Current Liabilities 676.70 929.06 1,081.70

Provisions 106.77 168.68 493.55

Total CL & Provisions 783.47 1,097.74 1,575.25

Net Current Assets -189.00 92.16 39.86

Miscellaneous Expenses 6.47 7.71 6.22

Total Assets 3,305.87 4,357.10 4,991.67

Contingent Liabilities 332.70 506.71 1,193.08Book Value (Rs) 16.11 23.01 30.62


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Profit & Loss Account of Ambuja

Jun '05 Dec '06 Dec '07


IncomeSales Turnover 3,025.84 7,022.59 6,469.68

Excise Duty 428.79 796.31 798.29

Net Sales 2,597.05 6,226.28 5,671.39

Other Income 70.51 111.07 965.04

Stock Adjustments 6.97 -10.92 58.79

Total Income 2,674.53 6,326.43 6,695.22

Expenditure

Raw Materials 435.52 1,007.07 953.32

Power & Fuel Cost 678.4 1,239.87 1,004.20

Employee Cost 106.44 235.98 209.46

Other Manufacturing Expenses 92.97 185.59 124.50

Selling and Admin Expenses 502.01 1,273.55 1,254.41


Preoperative Exp Capitalised -3.43 -10.82 -9.47

Total Expenses 1,873.68 4,054.20 3,677.05

Jun '05 Dec '06 Dec '07


Operating Profit 730.34 2,161.16 2,053.13

PBDIT 800.85 2,272.23 3,018.17

Interest 91.77 113.23 75.85

PBDT 709.08 2,159.00 2,942.32

Depreciation 195.41 326.12 236.34

Other Written Off 0.94 1.07 0.47

Profit Before Tax 512.73 1,831.81 2,705.51

Extra-ordinary items 6.08 10.17 -194.92

PBT (Post Extra-ord Items) 518.81 1,841.98 2,510.59

Tax 50.52 338.73 741.49

Reported Net Profit 468.29 1,503.25 1,769.10

Total Value Addition 1,438.16 3,047.13 2,723.73

Preference Dividend 0 0 0

Equity Dividend 189.16 461.24 532.65

Corporate Dividend Tax 26.54 64.69 90.52

Per share data (annualised)

Shares in issue (lakhs) 13,518.83 15,168.29 15,223.75

Earning Per Share (Rs) 3.46 9.91 11.62

Equity Dividend (%) 90 165 175

Book Value (Rs) 16.11 23.01 30.62


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Market Price 100 100 100

tax Tax Rate considered as 33.99% whi

Repayment of loan 0 0 0

Ratios

Profit & Loss Account RatiosGross Margin Ratio 56.97% 60.63%

Operating Margin Ratio 34.71% 36.20%

Net Profit/Sales 24.14% 31.19%

Dividend %age 152.04% 174.94%

Dividend Payout 34.99% 35.23%

Balance Sheet RatiosLiquidity Ratio

Current Ratio 1.08 1.03

Quick Ratio 0.71 0.66

Cash ratio 0.34 0.41

Leverage Ratio

Debt Ratio 0.20 0.07

Debt Equity ratio 0.25 0.07

Coverage Ratio

Interest Coverage Ratio 17.19 36.68Debt Service Coverage Ratio 20.07 39.79

Turnover Ratios

Inventory Turnover 7.35 4.63

Debtors Turnover 91.70 48.14

Average Collection Period 3.93 7.48

Total assets Turnover 1.43 1.01

ROI Ratios

Return on Capital Employed 33.50% 39.27%Return on Assets 26.94% 30.58%

Return on Equity 53.02% 43.40%

Valuation Ratios

Book Value per share 115.10 153.09

Earnings per share 49.55 58.10

Price-earnings ratio 2.02 1.72

Dividedend Yield ratio 15.20% 17.49%

Market Value to Book Value 0.87 0.65

DUPONT Analysis


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Net Profit Margin 24.14% 31.19%

Assets Turnover Ratio 1.43 1.01

Financial Leverage (Equity Multiplier) 1.68 1.47

ROE 57.94% 46.18%


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(in Rs. Cr.)

Dec '08 Dec '09

12 Months 12 Months

304.52 304.74

304.52 304.74

0.34 0.24

0 0

5,368.01 6,165.92

0 0

5,672.87 6,470.90

100.00 100.00

188.67 65.7

288.67 165.70

5,961.54 6,636.60

Dec '08 Dec '09

12 Months 12 Months

5,706.94 6,224.13

2,514.19 2,784.09

3,192.75 3,440.04

1,947.22 2,714.43

332.39 727.01

939.75 683.24

224.60 152.20

123.73 116.64

1,288.08 952.08

351.82 292.65

728.11 764.04

2,368.01 2,008.77

0 0

1,412.55 1,582.32

470.56 674.04

1,883.11 2,256.36

484.90 -247.59

4.28 2.71

5,961.54 6,636.60

1,224.42 647.1237.26 42.47


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Dec '08 Dec '09

12 Months 12 Months

7,089.89 7,763.93

907.8 680.72

6,182.09 7,083.21

468.18 180.41

62.62 -49.44

6,712.89 7,214.18

1,251.08 1,642.09

1,325.69 1,422.75

266.94 274.29

145.61 161.66

1,276.80 1,432.55

215.64 202.19

-21.19 -19.33

4,460.57 5,116.20

Dec '08 Dec '09

12 Months 12 Months

1,784.14 1,917.57

2,252.32 2,097.98

32.06 22.43

2,220.26 2,075.55

259.76 296.99

1.72 1.57

1,958.78 1,776.99

11.28 26.52

1,970.06 1,803.51

567.79 585.14

1,402.27 1,218.37

3,209.49 3,474.11

0 0

334.97 365.59

56.92 62.13

15,225.99 15,237.11

9.21 8

110 120

37.26 42.47


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100 100

h is the standard Tax rate for companies

0 0

52.66% 49.88% Gross Profit / Net Sales Gross Profit

28.86% 27.07% Op Profit / Net Sales

22.68% 17.20% Net Profit/Sales

110.00% 119.97% Dividand / Equity Capital

27.95% 35.11% (Dividend + Tax on Dividend) / (Net Profit)

1.26 0.89 Current Assets / Current Liabilities

0.76 0.59 Quick Assets / Current Liabilities

0.45 0.39 (Cash + Marketable secuirities)/Current Liabilities

0.05 0.02 Total Debt / Capital Employed

0.05 0.03 Total Debt / Total Equity

62.15 80.29 PBIT / Interest70.25 93.53 EBITDA/Int+(repayment of loan /(1-t))

3.93 4.31 Cost of Goods Sold / Avg Inventory

33.39 37.60 Net sales / Avg Debtors

10.78 9.58 Avg Debtors / Avg Daily Sales

0.90 0.82 Net Sales / Avg Total Assets

23.99% 18.85% PBIT (1-t) / Avg Capital Employed18.25% 14.20% PBIT (1-t) / Avg Total Assets

27.14% 20.07% PAT / Avg Equity

186.29 212.34 Net worth / No. of shares

46.05 39.98 PAT / No. of shares

2.17 2.50 Market Price per share / EPS

11.00% 12.00% Dividend / Market Price

0.54 0.47 Market Value / Book Value


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22.68% 17.20% PAT/Net Sales

0.90 0.82

1.39 1.38 Avg Total Assets / Avg Equity

28.54% 19.36% Net Profit Margin x Assets Turnover Ratio x Financi


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= (Total Income - Raw material - Power & Fuel cost - Employee Cost - Other Mfg proces


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l Leverage (Equity Multiplier)


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ses)


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Ambuja

Key Financial RatiosJun '05 Dec '06 Dec '07 Dec '08

12 Months 12 Months 12 Months 12 Months

Investment Valuation Ratios

Face Value 2 2 2 2

Dividend Per Share 1.8 3.3 3.5 2.2

Operating Profit Per Share (Rs) 5.4 14.25 13.49 11.72

Net Operating Profit Per Share (Rs) 19.21 41.05 37.25 40.6

Free Reserves Per Share (Rs) 12.08 19.66 27.48 34.13Bonus in Equity Capital 71.98 64.15 63.92 63.91

Profitability Ratios

Operating Profit Margin(%) 28.12 34.71 36.2 28.85

Profit Before Interest And Tax Margin(%) 20.39 29.13 31.35 24.04

Gross Profit Margin(%) 25.44 33.74 36.26 24.65

Cash Profit Margin(%) 25.29 29.04 34.61 21.17

Adjusted Cash Margin(%) 23.41 28.29 23.44 21.17

Net Profit Margin(%) 17.85 23.86 30.53 22.11

Adjusted Net Profit Margin(%) 15.93 23.09 19.35 22.11Return On Capital Employed(%) 16.94 43.76 38.84 28.19

Return On Net Worth(%) 21.5 43.05 37.95 24.73

Adjusted Return on Net Worth(%) 19.24 41.77 24.09 19.07

Return on Assets Excluding Revaluations 11.45 27.56 30.58 37.23

Return on Assets Including Revaluations 11.45 27.56 30.58 37.23

Return on Long Term Funds(%) 16.94 43.77 38.84 28.19

Liquidity And Solvency Ratios

Current Ratio 0.76 1.08 1.03 1.26

Quick Ratio 0.35 0.7 0.64 0.74

Debt Equity Ratio 0.52 0.25 0.07 0.05

Long Term Debt Equity Ratio 0.52 0.25 0.07 0.05

Debt Coverage Ratios

Interest Cover 6.28 17.61 26.02 52.66


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Total Debt to Owners Fund 0.52 0.25 0.07 0.05

Financial Charges Coverage Ratio 8.24 19.73 28.68 60.58

Financial Charges Coverage Ratio Post Tax 8.24 17.17 27.45 52.89

Management Efficiency RatiosInventory Turnover Ratio 8.28 15.41 9.96 7.54

Debtors Turnover Ratio 58.66 91.7 48.14 33.39

Investments Turnover Ratio 9.55 17.19 11.13 7.54

Fixed Assets Turnover Ratio 1.07 2.28 1.68 1.1

Total Assets Turnover Ratio 0.79 1.43 1.14 1.05

Asset Turnover Ratio 0.7 1.37 1.09 1.1

Average Raw Material Holding 30.85 43.45 30.93 36.96

Average Finished Goods Held 7.58 6.26 7 8.01

Number of Days In Working Capital -26.2 7.99 2.53 28.24

Profit & Loss Account Ratios

Material Cost Composition 16.76 16.17 16.8 20.23

-- 5.05 11.01 8.41

Selling Distribution Cost Composition 17.91 19.08 20.95 19.2

Expenses as Composition of Total Sales 10.48 8.36 4.9 3.69

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 46.06 34.98 35.22 27.94

Dividend Payout Ratio Cash Profit 32.45 28.73 31.06 23.55

Earning Retention Ratio 48.4 63.85 44.44 63.75

Cash Earning Retention Ratio 64.89 70.49 54.13 70.81

AdjustedCash Flow Times 1.84 0.49 0.24 0.22

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

Earnings Per Share 3.46 9.91 11.62 9.21

Book Value 16.11 23.01 30.62 37.26

Imported Composition of Raw MaterialsConsumed


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Dec '09

12 Months

2

2.4

12.58

46.49

39.3563.86

27.07

22.32

22.87

20.46

20.46

16.78

16.7827.04

18.83

18.35

42.45

42.45

27.04

0.89

0.57

0.03

0.03

80.15


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0.03

93.32

68.63

11.36

37.6

11.36

1.15

1.08

1.15

14.69

4.58

-12.58

23.18

31.66

18.58

2.6

35.1

28.19

63.97

71.21

0.11

Mar '9

8

42.47


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Balance Sheet of ACC Ltd

Dec '05 Dec '06 Dec '079 Months 12 Months 12 Months

Sources Of Funds

Total Share Capital 184.72 187.48 187.83

Equity Share Capital 184.72 187.48 187.83

Share Application Money 0.82 0.28 0.1

Preference Share Capital 0 0 0

Reserves 1,951.21 2,955.16 3,964.78

Revaluation Reserves 0 0 0

Networth 2,136.75 3,142.92 4,152.71

Secured Loans 950.12 720.96 266.03Unsecured Loans 121.3 50.20 40.38

Total Debt 1,071.42 771.16 306.41

Total Liabilities 3,208.17 3,914.08 4,459.12

Dec '05 Dec '06 Dec '07


Application Of Funds

Gross Block 4,628.64 4,816.25 5,464.07

Less: Accum. Depreciation 1,722.29 1,893.76 2,149.35Net Block 2,906.35 2,922.49 3,314.72

Capital Work in Progress 290.95 558.42 649.19

Investments 333.80 543.09 844.81

Inventories 600.95 624.13 730.86

Sundry Debtors 199.17 213.96 289.29

Cash and Bank Balance 100.6 152.98 78.87

Total Current Assets 900.72 991.07 1,099.02

Loans and Advances 533.54 569.21 544.31

Fixed Deposits 2.19 467.19 664.61

Total CA, Loans & Advances 1,436.45 2,027.47 2,307.94Deffered Credit 0 0 0

Current Liabilities 1,449.02 1,596.50 1,991.27

Provisions 316.77 541.83 666.27

Total CL & Provisions 1,765.79 2,138.33 2,657.54

Net Current Assets -329.34 -110.86 -349.60

Miscellaneous Expenses 6.41 0.94 0

Total Assets 3,208.17 3,914.08 4,459.12


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Contingent Liabilities 282.42 341.56 890.62

Book Value (Rs) 115.76 167.81 221.33

Profit & Loss Account of Reliance CommunicaDec '05 Dec '06 Dec '07


Income

Sales Turnover 3,723.51 6,467.84 7,865.11

Excise Duty 539.71 736.09 970.32

Net Sales 3,183.80 5,731.75 6,894.79

Other Income 300.84 247.87 369.35

Stock Adjustments 45.26 -29.25 6.93

Total Income 3,529.90 5,950.37 7,271.07

Expenditure

Raw Materials 1,078.84 1,513.55 1,843.65

Power & Fuel Cost 299.52 430.98 517.56Employee Cost 184.84 318.02 352.73

Other Manufacturing Expenses 157.65 262.45 344.17

Selling and Admin Expenses 838.12 1,298.32 1,547.30


Preoperative Exp Capitalised 0 0 0

Total Expenses 2,643.85 4,012.40 4,959.92

Dec '05 Dec '06 Dec '07


Operating Profit 585.21 1,690.10 1,941.80

PBDIT 886.05 1,937.97 2,311.15Interest 66.19 75.19 73.87

PBDT 819.86 1,862.78 2,237.28

Depreciation 164.64 254.61 305.43

Other Written Off 6.46 6.24 1.55

Profit Before Tax 648.76 1,601.93 1,930.30

Extra-ordinary items 46.93 14.55 -0.16

PBT (Post Extra-ord Items) 695.69 1,616.48 1,930.14

Tax 140.17 369.10 491.70

Reported Net Profit 544.18 1,231.84 1,438.59

Total Value Addition 1,565.01 2,498.85 3,116.27

Preference Dividend 0 0 0

Equity Dividend 147.61 280.92 375.02

Corporate Dividend Tax 20.7 39.4 63.74

Per share data (annualised)

Shares in issue (lakhs) 1,845.08 1,872.78 1,876.24

Earning Per Share (Rs) 29.49 65.78 76.67

Equity Dividend (%) 80 150 200


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Dividedend Yield ratio 0.15 0.20

Market Value to Book Value 0.60 0.45

DUPONT Analysis

Net Profit Margin 21.49% 20.86%

Assets Turnover Ratio 1.04 1.05

Financial Leverage (Equity Multiplier) 2.09 1.80

ROE 46.66% 39.44%


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(in Rs. Cr.)

Dec '08 Dec '0912 Months 12 Months

187.88 187.94 184.72

187.88 187.94 184.72

0 0.08 0.82

0 0 0

4,739.85 5,828.20 2601.61

0 0 0

4,927.73 6,016.22 2136.75

450.00 550.00 950.1232.03 16.92 121.3

482.03 566.92 1071.42

5,409.76 6,583.14 3208.17

Dec '08 Dec '09

12 Months 12 Months

5,835.67 6,826.27

2,365.97 2,667.983,469.70 4,158.29

1,602.86 2,156.21

679.08 1,475.64

793.27 778.98

310.17 203.70

87.57 95.64

1,191.01 1,078.32

779.76 714.55

896.67 650.74

2,867.44 2,443.610 0

2,245.39 2,558.73

963.93 1,091.88

3,209.32 3,650.61

-341.88 -1,207.00

0 0

5,409.76 6,583.14


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1,734.21 840.52

262.56 320.45

ionsDec '08 Dec '09

12 Months 12 Months

8,300.18 8,803.17

1,070.21 781.58

7,229.97 8,021.59

252.84 137.40

0.33 28.74

7,483.14 8,187.73

1,180.48 1,233.42

1,598.96 1,539.65413.04 367.71

362.90 421.69

1,620.65 1,658.79

270.99 262.72

0 0

5,447.02 5,483.98

Dec '08 Dec '09

12 Months 12 Months

1,783.28 2,566.35

2,036.12 2,703.7539.96 84.30

1,996.16 2,619.45

294.18 342.09

0 0

1,701.98 2,277.36

35.39 21.54

1,737.37 2,298.90

524.60 688.93

1,212.79 1,606.73

4,266.54 4,250.56

0 0

375.33 431.76

63.79 73.38

1,876.82 1,877.40

64.62 85.58

200 230


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262.56 320.45

100.00 100.00

the standard Tax rate for companies

0.00 0.00

50.83% 55.95%

24.67% 31.99%

16.77% 20.03%

199.77% 229.73%

36.21% 31.44%

0.89 0.67

0.65 0.46

0.31 0.20

0.09 0.09

0.10 0.09

43.59 28.01

50.95 32.07

4.67 4.53

24.12 31.22

14.92 11.53

0.92 0.85

23.30% 25.99%14.61% 16.54%

26.71% 29.36%

262.28 320.11

64.55 85.49

1.55 1.17


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0.20 0.23

0.38 0.31

16.77% 20.03%

0.92 0.85

1.73 1.72

26.71% 29.36%


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ACC

Key Financial Ratios

Dec '05 Dec '06 Dec '07


Investment Valuation Ratios

Face Value 10 10 10

Dividend Per Share 8 15 20

Operating Profit Per Share (Rs) 31.44 89.3 103.47

Net Operating Profit Per Share (Rs) 172.56 306.06 367.48

Free Reserves Per Share (Rs) 91.75 144.12 206.6Bonus in Equity Capital 49.78 49.05 48.95

Profitability Ratios

Operating Profit Margin(%) 18.21 29.17 28.15

Profit Before Interest And Tax Margin(%) 12.86 24.35 23.24

Gross Profit Margin(%) 17.32 28.97 23.72

Cash Profit Margin(%) 21.95 25.53 21.57

Adjusted Cash Margin(%) 12.97 22.63 21.57

Net Profit Margin(%) 16.85 21.16 20.44

Adjusted Net Profit Margin(%) 7.68 18.15 20.44

Return On Capital Employed(%) 14.16 38.35 39.84

Return On Net Worth(%) 25.47 39.19 34.64

Adjusted Return on Net Worth(%) 11.64 33.64 29.16

Return on Assets Excluding Revaluations 10.94 20.35 221.33

Return on Assets Including Revaluations 10.94 20.35 221.33

Return on Long Term Funds(%) 15.36 40.1 39.98

Liquidity And Solvency Ratios

Current Ratio 0.58 0.77 0.86Quick Ratio 0.42 0.61 0.55

Debt Equity Ratio 0.5 0.25 0.07

Long Term Debt Equity Ratio 0.39 0.2 0.07

Debt Coverage Ratios

Interest Cover 6.87 19.97 24.05

Total Debt to Owners Fund 0.5 0.25 0.07


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Financial Charges Coverage Ratio 9.45 23.43 28.21

Financial Charges Coverage Ratio Post Tax 11.81 20.85 24.63

Management Efficiency Ratios

Inventory Turnover Ratio 5.37 9.33 24.85

Debtors Turnover Ratio 16.34 27.75 27.4Investments Turnover Ratio 12.29 22.4 24.85

Fixed Assets Turnover Ratio 1.05 1.72 1.26

Total Assets Turnover Ratio 0.99 1.46 1.55

Asset Turnover Ratio 0.69 1.19 1.26

Average Raw Material Holding 19.85 22.19 21.34

Average Finished Goods Held 9.14 7.07 7.17

Number of Days In Working Capital -27.93 -6.96 -18.25

Profit & Loss Account Ratios

Material Cost Composition 33.88 26.4 26.73

1.36 3 6.49

Selling Distribution Cost Composition 22.8 20.02 18.55

Expenses as Composition of Total Sales 1.93 1.2 1.29

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 30.92 26 30.49

Dividend Payout Ratio Cash Profit 23.53 21.45 25.13Earning Retention Ratio 32.15 69.7 63.78

Cash Earning Retention Ratio 59.85 75.7 71.1

AdjustedCash Flow Times 2.56 0.59 0.2

Dec '05 Dec '06 Dec '07


Earnings Per Share 29.49 65.78 76.67

Book Value 115.76 167.81 221.33

Imported Composition of Raw MaterialsConsumed


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Dec '08 Dec '09

12 Months 12 Months

10 10

20 23

95.02 136.52

385.22 427.27

247.26 304.5948.94 48.92

24.66 31.95

20.01 27.22

20.59 27.68

19.22 23.61

19.22 23.61

16.29 19.69

16.29 19.69

31.43 35.8

24.61 26.7

23.05 26.32

262.56 320.45

262.56 320.45

31.43 35.8

0.89 0.670.61 0.42

0.1 0.09

0.1 0.09

42.56 27.96

0.1 0.09


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49.92 32.02

38.71 24.12

27.51 25.22

24.12 31.2227.51 25.22

1.25 1.19

1.35 1.23

1.25 1.19

33.05 37.17

6.45 7.01

-17.02 -54.17

16.32 15.37

9.83 15.72

19.05 17.37

0.99 0.69

36.2 31.43

29.13 25.9261.35 68.11

69.3 73.78

0.34 0.29

Dec '08 Dec '09

12 Months 12 Months

64.62 85.58

262.56 320.45

Date post:	08-Apr-2018
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Ambuja & ACC Final Ratios

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