financial state ment analysis

7/29/2019 Financial State Ment Analysis

1/9

Balance Sheet of Indiabulls Financial Services

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

Mar '12 Mar '11 Mar '10 Mar '09

Sources Of Funds

Total Share Capital 62.36 62.2 61.98 207.59

Equity Share Capital 62.36 62.2 61.98 50.73

Share Application Money 0 0.27 0 0Preference Share Capital 0 0 0 156.87

Reserves 4,211.19 4,089.69 3,992.22 2,999.41

Revaluation Reserves 0 0 0 0

Networth 4,273.55 4,152.16 4,054.20 3,207.00

Secured Loans 11,533.30 14,540.41 3,613.87 4,062.56

Unsecured Loans 1,990.30 2,047.62 3,332.00 2,308.00

Total Debt 13,523.60 16,588.03 6,945.87 6,370.56

Total Liabilities 17,797.15 20,740.19 11,000.07 9,577.56

Mar '12 Mar '11 Mar '10 Mar '09

Application Of Funds

Gross Block 76.17 67.35 62.87 55.55

Less: Accum. Depreciation 38.35 31.27 22.88 15.7

Net Block 37.82 36.08 39.99 39.85

Capital Work in Progress 76.39 1.56 0.29 1.04

Investments 2,486.93 3,465.27 1,002.21 1,373.75

Inventories 0 0 0 0

Sundry Debtors 20.41 0.96 13.83 0.65

Cash and Bank Balance 3,124.43 1,512.31 281.43 70.54

Total Current Assets 3,144.84 1,513.27 295.26 71.19

Loans and Advances 18,538.91 16,297.86 9,996.84 6,333.38

Fixed Deposits 975.35 414.19 754.34 2,180.93Total CA, Loans & Advances 22,659.10 18,225.32 11,046.44 8,585.50

Deffered Credit 0 0 0 0

Current Liabilities 6,534.49 398.83 700.46 208.24

Provisions 928.6 589.2 388.39 214.34

Total CL & Provisions 7,463.09 988.03 1,088.85 422.58

Net Current Assets 15,196.01 17,237.29 9,957.59 8,162.92

Miscellaneous Expenses 0 0 0 0

Total Assets 17,797.15 20,740.20 11,000.08 9,577.56

Contingent Liabilities 305.61 4.21 0.1 584.6

Book Value (Rs) 137.06 133.5 130.83 120.26


2/9

Mar '08

207.55

50.69

0156.87

2,886.14

0

3,093.69

3,559.57

7,338.00

10,897.57

13,991.26

Mar '08

52.41

9.31

43.1

1.81

310.61

0

7.32

3,408.31

3,415.63

7,909.56

3,531.7814,856.97

0

783.4

437.84

1,221.24

13,635.73

0

13,991.25

543.34

115.88


3/9

Key Financial Ratios of Indiabulls Financial Services

Mar '12 Mar '11 Mar '10 Mar '09

Investment Valuation Ratios

Face Value 2 2 2 2

Dividend Per Share 13 10 5 2

Operating Profit Per Share (Rs) 79.17 49.03 29.94 47.66

Net Operating Profit Per Share (Rs) 93.95 65.22 45.85 70.22Free Reserves Per Share (Rs) 115.47 118.78 121.1 110.91

Bonus in Equity Capital 24.67 24.73 24.82 30.33

Profitability Ratios

Operating Profit Margin(%) 84.27 75.16 65.3 67.87

Profit Before Interest And Tax Margin(%) 83.57 74.66 64.76 67.46

Gross Profit Margin(%) 84 74.7 64.78 67.49

Cash Profit Margin(%) 24.78 28.1 18.56 11.45

Adjusted Cash Margin(%) 24.78 28.1 18.56 11.45

Net Profit Margin(%) 24.58 29.99 18.58 10.67

Adjusted Net Profit Margin(%) 24.58 29.99 18.58 10.67

Return On Capital Employed(%) 13.91 7.31 8.37 12.55

Return On Net Worth(%) 16.93 14.66 6.32 5.72

Adjusted Return on Net Worth(%) 16.88 13.51 6.13 5.95

Return on Assets Excluding Revaluations 137.06 133.5 130.83 120.26

Return on Assets Including Revaluations 137.06 133.5 130.83 120.26

Return on Long Term Funds(%) 17.25 8.71 13 18.17

Liquidity And Solvency Ratios

Current Ratio 1.81 3.18 1.97 2.07

Quick Ratio 3.02 18.38 10.11 20.2

Debt Equity Ratio 3.16 4 1.71 2.14

Long Term Debt Equity Ratio 2.36 3.19 0.75 1.17Debt Coverage Ratios

Interest Cover 1.61 2 1.76 1.3

Total Debt to Owners Fund 3.16 4 1.71 2.14

Financial Charges Coverage Ratio 1.61 1.97 1.74 1.27

Financial Charges Coverage Ratio Post Tax 1.47 1.8 1.51 1.21

Management Efficiency Ratios

Inventory Turnover Ratio -- -- -- --

Debtors Turnover Ratio 274.25 274.36 196.21 446.79

Investments Turnover Ratio -- -- -- --

Fixed Assets Turnover Ratio -- -- -- --

Total Assets Turnover Ratio -- -- -- --

Asset Turnover Ratio 0.15 0.13 0.14 0.15

Average Raw Material Holding -- -- -- --

Average Finished Goods Held -- -- -- --

Number of Days In Working Capital 1,867.56 3,059.35 2,523.02 1,650.10

Profit & Loss Account Ratios

Material Cost Composition -- -- -- --

Imported Composition of Raw Materials Consumed -- -- -- --

Selling Distribution Cost Composition 0.87 0.69 0.65 0.41


4/9

Expenses as Composition of Total Sales -- -- -- --

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 65.03 59.42 71 35.54

Dividend Payout Ratio Cash Profit 64.32 58.52 69.01 34.2

Earning Retention Ratio 34.79 35.53 26.83 65.84

Cash Earning Retention Ratio 35.5 36.58 28.93 67.08

AdjustedCash Flow Times 18.53 29.08 26.32 31.23Mar '12 Mar '11 Mar '10 Mar '09

Earnings Per Share 23.21 19.57 8.27 6.88

Book Value 137.06 133.5 130.83 120.26

Source : Dion Global Solutions Limited


5/9

Mar '08

2

8.5

37.69

52.31108.03

30.35

72.05

71.59

71.6

29.11

29.11

28.81

28.81

6.78

12.69

12.62

115.88

115.88

13.12

1.73

12.13

3.76

1.46

2.65

3.76

2.48

2.01

--

178.37

--

--

0.11

29.97

--

--

3,702.96

--

--

0.41


6/9

--

68.88

67.78

30.73

31.85

28.24Mar '08

14.71

115.88


7/9

years

Mar '12 Dividend Per Share 13 10 5

Mar '11 Operating Profit Per Share (Rs) 79.17 49.03 29.94

Mar '10 Net Operating Profit Per Share (Rs) 93.95 65.22 45.85

Mar '09 Free Reserves Per Share (Rs) 115.47 118.78 121.1Mar '08 Bonus in Equity Capital 24.67 24.73 24.82

Investment Valuation Ratios


8/9

2 8.5

47.66 37.69

70.22 52.31

110.91 108.0330.33 30.35

13

79.1793.95

115.

10

49.0365.22

1

5

29.9445.85

2

47.6670.22

8.5

37.6952.31

020

406080

100120140

Investment

Valuation

Ratios

Dividend Per

Share

Operating

Profit Per

Share (Rs)

Net Operating

Profit Per

Share (Rs)

Fr

Pe

years Mar '12 Mar '11 Mar '10


9/9

.47

24.67

18.78

24.73

121.1

24.82

110.91

30.33

108.03

30.35

ee Reserves

r Share (Rs)

Bonus in

Equity Capital

Mar '09 Mar '08

financial state ment analysis

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