tata motors – ratio analysis

Tata Motors – Ratio AnalysisTata Motors – Ratio Analysis

GP Ratio

  Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04

Gross Profit 6576.35 5934.01 4782.7 4267.44 3679.34

sales 28,738.30 26664.25 20088.63 17199.17 13028.17

GP Ratio 22.883573 22.25455 23.80799 24.81189 28.241418

Net Profit Ratio

  Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04

sales 28,738.30 26664.25 20088.63 17199.17 13028.17

net profit 3,000.91 2586.51 2146.36 2000.05 1727.28

Net Profit Ratio 10.442197 9.700292 10.68445 11.62876 13.25804

Operating ratio

  Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04

sales 28,738.30 26664.25 20088.63 17199.17 13028.17cost of goods

sold 22,161.95 20730.24 15305.93 12931.73 9348.83operating expenses 4,706.84 3,924.55 2945.19 2549.82 2096.95

Operating ratio 93.49 92.46 90.85 90.01 87.85

Debt Equity ratio

  Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04

Debt 6,280.52 4,009.14 2,936.84 2,495.42 1,259.77

Equity 14,094.51 10,852.94 8,447.52 6,606.81 4,853.37

Debt Equity ratio 0.4456005 0.369406 0.347657 0.377704 0.259566

Current ratio

  Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04

Current Assets 10,781.23 10,318.42 9,812.06 7,248.88 3,835.78Current

Liabilities 12,029.80 8,321.20 7,888.65 7,268.80 5,309.17Current ratio 0.8962102 1.240016 1.24382 0.99726 0.722482

Fixed Asset T.O ratio

  Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04cost of goods

sold 22,161.95 20730.24 15305.93 12931.73 9348.83fixed Assets 15,337.03 8,845.63 6,509.99 6,608.57 6,304.57Fixed Asset

T.O ratio 1.4449962 2.343557 2.351145 1.956812 1.4828656

Return on networth

  Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04

net profit 3,000.91 2586.51 2146.36 2000.05 1727.28Equity 14,094.51 10,852.94 8,447.52 6,606.81 4,853.37

Return on networth 21.29134 23.83234 25.40817 30.27255 35.589292

Profit and Loss A/cIncome: Operating income  28,738.30 26,664.25 20,088.63 17,199.17 13,028.17

Expenses Material consumed  20,931.81 19,529.88 14,376.11 12,101.28 8,720.10Manufacturing expenses  1,230.14 1,200.36 929.82 830.45 628.73Personnel expenses 1,544.57 1,367.83 1,143.13 1,039.34 882.49

Selling expenses 1,179.48 1,068.56 759.54 598.75 455.56Adminstrative expenses 1,982.79 1,488.16 1,042.52 911.73 758.9Expenses capitalised -1,131.40 -577.05 -308.85 -282.43 -144.89

Cost of sales 25,737.39 24,077.74 17,942.27 15,199.12 11,300.89

Operating profit 3,000.91 2,586.51 2,146.36 2,000.05 1,727.28Other recurring income 389.03 887.23 685.18 399.94 235.65

Adjusted PBDIT 3,389.94 3,473.74 2,831.54 2,399.99 1,962.93Financial expenses 471.56 455.75 350.24 234.3 225.96

Depreciation  652.31 586.29 520.94 450.16 382.6

Cntd…Other write offs 64.35 85.02 73.78 67.12 51.64

Adjusted PBT 2,201.72 2,346.68 1,886.58 1,648.41 1,302.73

Tax charges  547.55 660.37 524.93 415.5 482.55

Adjusted PAT   1,654.17   1,686.31   1,361.65   1,232.91   820.18Non recurring items 374.75 227.15 167.23 4.04 -6.82Other non cash adjustments - -0.07 - -1.54 -3.02Reported net profit 2,028.92 1,913.39 1,528.88 1,235.41 810.34Earnigs before appropriation 3,042.75 2,690.15 2,094.54 1,601.21 934.05Equity dividend 578.43 578.07 497.94 452.19 282.11Preference dividend - - - - -

Dividend tax 81.25 98.25 69.84 63.42 36.14Retained earnings 2,383.07 2,013.83 1,526.76 1,085.60 615.8

Balance sheet

Sources of funds

Owner's fundEquity share capital 385.54 385.41 382.87 361.79 353Share application money - - - - 3.83Preference share capital - - - - -Reserves & surplus 7,428.45 6,458.39 5,127.81 3,749.60 3,236.77

Loan funds

Secured loans 2,461.99 2,022.04 822.76 489.81 942.65Unsecured loans 3,818.53 1,987.10 2,114.08 2,005.61 317.12

Total 14,094.51 10,852.94 8,447.52 6,606.81 4,853.37

Uses of funds

Fixed assets

Gross block 10,830.83 8,775.80 7,971.55 6,611.95 5,985.40Less : revaluation reserve 25.51 25.95 26.39 - -Less : accumulated depreciation 5,443.52 4,894.54 4,401.51 3,454.28 3,023.69

Net block 5,361.80 3,855.31 3,543.65 3,157.67 2,961.71Capital work-in-progress 5,064.96 2,513.32 951.19 538.84 286.09

Investments 4,910.27 2,477.00 2,015.15 2,912.06 3,056.77

Net current assetsCurrent assets, loans & advances 10,781.23 10,318.42 9,812.06 7,248.88 3,835.78Less : current liabilities & provisions 12,029.80 8,321.20 7,888.65 7,268.80 5,309.17Total net current assets -1,248.57 1,997.22 1,923.41 -19.92 -1,473.39Miscellaneous expenses not written 6.05 10.09 14.12 18.16 22.19

Total 14,094.51 10,852.94 8,447.52 6,606.81 4,853.37

Notes:Book value of unquoted investments 4,145.82 2,117.86 1,648.57 2,480.15 2,778.87Market value of quoted investments 2,530.55 1,323.08 1,550.00 1,260.05 732.76Contingent liabilities 5,590.83 5,196.07 2,185.63 1,450.32 896.07Number of equity sharesoutstanding (Lacs) 3855.04 3853.74 3828.34 3617.52 3529.58