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By:-

Gaurav Kumar

Himani Chandra

Siddhant Bhushan

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` Common Size Statements

`

Financial Ratio Analysis

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` Financial statement that displays all items as percentages of a commonbase figure. This type of financial statement allows for easy analysis

between companies or between time periods of a company.

Advantages :

The percentage assets of any company can be compared to another

company in the industry. The size of the companies being compared, is not

important.

Analyzing the operational activities of comparing companies can also be

obtained. Changes in different values pertaining to company's performance

can also be ascertained during a particular period.

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` The Balance Sheet and the Statement of Income are essential, but theyare only the starting point for successful financial management.

` Apply to Financial Statements to analyze the success, failure, andprogress of business.

` Advantages

Simplifies financial statements

Facilitates inter-firm comparison

Helps in planning

Makes inter-firm comparison possible

Help in investment decisions

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Cross Sectional AnalysisCross Sectional Analysis

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` Based on Key Financial Ratios

Investment Valuation Ratios

Liquidity Ratios Solvency Ratios

Profitability Ratios

Debt Coverage Ratios

Management Efficiency Ratios

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` Profitability Ratios:

Profitability ratios measure the results of business operations or

overall performance and effectiveness of the firm.

` Liquidity Ratios:

Liquidity ratios measure the short term solvency of financial positionof a firm. These ratios are calculated to comment upon the short

term paying capacity of a concern or the firm's ability to meet its

current obligations.

` Debt Coverage Ratios:

Convey a firm's ability to meet the interest costs and paymentschedules of its long term obligations.

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HUL Dabur Godrej ConsumerProducts

Mar '10 Mar '10 Mar '10

Dividend Per Share 6.5 2 4.25

Operating Profit Per

Share (Rs)12.82 6.34 8.88

Net Operating Profit Per

Share (Rs)81.45 33.05 41.34

Free Reserves Per Share

(Rs)10.7 7.14 25.8

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HUL DaburGodrej

Consumer

Products

Mar '10 Mar '10 Mar '10

Current Ratio 0.84 0.93 1.3

Quick Ratio 0.46 0.68 0.95

Debt Equity Ratio -- 0.14 0.01

Long Term Debt Equity Ratio -- 0.02 --

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HUL Dabur Godrej ConsumerProducts

Mar '10 Mar '10 Mar '10

Operating Profit Margin(%) 15.74 19.17 21.47

Profit Before Interest And Tax

Margin(%) 14.59 17.97 19.76

Gross Profit Margin(%) 14.7 18.06 20.39

Net Profit Margin(%) 12.29 15.03 18.87

Return On Capital Employed(%) 106.78 61.62 35.73

Return On Net Worth(%) 85.25 58.04 29.98

Return on Assets Including

Revaluations11.84 8.6 26.85

Return on Long Term Funds(%) 106.78 68.96 36.24

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HUL Daburr j su r

r ucts

Mar '10 Mar '10 Mar '10

Interest Cover 395.13 52.35 216.85

Total Debt to Owners Fund -- 0.14 0.01

Financial Charges Coverage

Ratio Post Tax342.84 36.46 72.51

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HUL DaburGodrej Consumer

Products

Mar '10 Mar '10Mar10

Inventory Turnover Ratio 8.99 11.31 7.93

Debtors Turnover Ratio 29.24 23.62 59.25Investments Turnover Ratio 8.99 11.31 7.93

Fixed Assets Turnover Ratio 5.35 4.31 4.73

Total Assets Turnover Ratio 7.66 3.44 1.53

Asset Turnover Ratio 5.35 4.31 4.73

Earning Retention Ratio 21.25 51.67 40.01

Earnings Per Share 10.09 4.99 8.05

P/E Ratio 7.93 16.05 9.95

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HUL Dabur India Godrej Consumer

Mar '10 Mar '10 Mar '10

Sou

rces Of Fu

ndsotal Share Capital 0.08 0.10 0.04

Equity Share Capital 0.08 0.10 0.04

Share Application Money 0.00 0.00 0.00

Preference Share Capital 0.00 0.00 0.00

Reserves 0.92 0.77 0.95

Revaluation Reserves 0.00 0.00 0.00

Networth 1.00 0.88 0.99

Secured Loans 0.00 0.03 0.01

Unsecured Loans 0.00 0.10 0.00

otal Debt 0.00 0.12 0.01

otal Liabilities 1.00 1.00 1.00

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HUL Dabur IndiaGodrej

Consumer

Mar '10 Mar '10 Mar '10

Application Of Funds

Gross Block 1.39 0.80 0.33

Less: Accum. Depreciation 0.55 0.28 0.13

Net Block 0.84 0.53 0.20Capital Work in Progress 0.11 0.03 0.00

Investments 0.49 0.41 0.62

Inventories 0.84 0.35 0.20

Sundry Debtors 0.26 0.15 0.04

Cas and Bank Balance 0.09 0.0 0.02

Total Current Assets 1.20 0.56 0.26

Loans and Advances 0.41 0.41 0.20

Fixed Deposits 0. 4 0.13 0.20

Total CA, Loans & Advances 2.25 1.10 0.

Current Liabilities 2.13 0.55 0.42

Provisions 0.56 0.51 0.06

Total CL & Provisions 2. 8 1.07 0.48

Net Current Assets -0.43 0.03 0.18

Total Assets 1.00 1.00 1.00

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HUL Dabur India Godrej Consumer

Mar '10 Mar '10 Mar '10

Income

Sales Turnover 103.90 100.82 102.15

Excise Duty 3.90 0.82 2.15

Net Sales 100.00 100.00 100.00

Other Income 1.12 0.97 3.37

Stock Adjustments 0.11 0.34 1.19

otal Income 101.23 101.31 104.56

Expenditure

Raw Materials 50.67 48.61 45.73

Power & Fuel Cost 1.38 1.24 2.58

EmployeeC

ost 5.27 7.41 9.49Other Manufacturing Expenses 1.43 0.79 1.60

Selling and Admin Expenses 21.03 19.43 19.56

Miscellaneous Expenses 4.58 3.62 0.76

Preoperative Exp Capitalised 0.00 0.00 0.00

otal Expenses 84.36 81.10 79.72

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HUL Dabur India Godrej Consumer

Mar '10 Mar '10 Mar '10

Operating Profit 15.74 19.23 21.47

PBDIT 16.87 20.21 24.84

Interest 0.04 0.46 0.29

PBDT 16.83 19.75 24.56

Depreciation 1.04 1.11 1.08

Other Written Off 0.00 0.20 0.00

Profit Before Tax 15.79 18.44 23.48

Extra-ordinary items 0.25 -0.01 0.00

PBT (Post Extra-ord Items) 16.04 18.43 23.48Tax 3.65 3.27 4.00

Reported Net Profit 12.39 15.11 19.47

Preference Dividend 0.00 0.00 0.00

Equity Dividend 7.98 6.05 9.88

Corporate Dividend Tax 1.34 1.03 1.68

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` Based on Key Financial Ratios

Investment Valuation Ratios

Liquidity Ratios

Solvency Ratios

Profitability Ratios

Debt Coverage Ratios

Management Efficiency Ratios

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Marico Dabur P&GMar '10 Mar '10 Mar '10

Dividend Per Share 0.66 2 22.5

Operating Profit Per

Share (Rs)4.42 6.34 71.16

Net Operating Profit Per

Share (Rs)31.56 33.05 277.63

Free Reserves Per Share

(Rs)5.04 7.14 154.7

P/E Ratio 28.23 16.05 36.31

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