mcs-comparision of finacial ratios of tata tea and goodrick

8/14/2019 MCS-comparision Of Finacial Ratios Of Tata Tea and Goodrick

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Ratio Analysis Tata Tea Limite

Year 2007

Year ending on,

Rs. in

Liquidity Ratios1 Current ratio: Current assets / Current Liabilities

CA:Current assets,Loans and advances 38696.27

CL:Current liabilities and provisions 33288.7

(CA/CL) 1.16

2 Quick ratio or Acid test ratio: (Current assets-inventories)/ Current

CA:Current assets,Loans and advances 38696.27

Less:In:Inventories 18000.8

20695.47

CL:Current liabilities and provisions 33288.7(CA-In)/(CL) 0.62

3 Cash ratio or Absolute liquidity ratio: (Cash +Marketable securities

Ca: Cash and bank Balances 2153.12

Add: Marketable securities (Ms) 0

2153.12

CL:Current liabilities and provisions 33288.7

(Ca+Ms)/(CL) 0.06

Solvency Ratios

4 Debt equity ratio: Long term debt/ equity (net worth)Lf:Loan funds 79699.87

Sf:Shareholders funds 156555.77

(Lf)/(Sf) 0.51

5 Debt ratio: debt (long term)/ (debt (long term) + equity) or debt/capi

Lf:Loan funds 79699.87


(Lf)+(Sf) 236255.64

(Lf)/(Lf+Sf) 0.34

6 Interest Coverage ratio : (earnings before interest and tax) / InteresProfit Before Tax (PBT) 34976.66

Add:Interest (Net) (I) 1162.52

PBIT 36139.18

(PBIT/I) 31.09

Turnover Ratios


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7 Inventory turnover: Cost of goods sold or net sales/Average (or clo

Sales and Services- Net (NS) 105447.32

E:Expenditure NA

Add:Excise Duty NA

Less:Interest NACost of good sold [C] NA

Inventories (In) 18000.8

5.86

8 Days of Inventory holding: Number of days in the year (say 360)/ In

Number of days in a year 360

Inventories turnover ratios 5.86

(360)/(ITR) 61.45

9 Debtors turnover ratio: Credit sales or net sales/ Average (or closin

S: Net Sales 105447.32D:Debtors 6485.86

S/D 16.26

10 Collection period: Number of days in the year (say 360)/ Debtors tu

Number of days in the year 360

Debtors turnover 16.26

(360)/(DTR) 22.14

11 Current assets turnover: Net sales/ Current assets

S: Net Sales 105447.32

CA:Current assets,Loans and advances 38696.27S/CA 2.72

12 Net current assets turnover: Net sales/ Net current assets


Net Current Assets 5407.57

S/(NCA) 19.5

13 Fixed assets turnover: Net sales/ Net fixed assets


FA:Net Fixed Assets 24658.04

S/FA 4.2814 Net assets turnover: Net sales/ Net assets or capital employed : (N


FA:Net Fixed Assets 24658.04

Inv: Investments 204591.81

Net Current assets 5407.57

(C orNs)/In


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Net assets 234657.42

(P/L:IB)/(NA) 0.45

Profitability Ratios

15 Profit Margin: (Profit before interest and tax (PBIT)/ Net sales)100

PBIT 36139.18S: Net Sales 105447.32

(PBIT/S)x100 34.27

16 Net margin: Profit after tax (PAT) 100 / Net sales

PAT:Profit after taxation 30656.66

S:Net Sales 105447.32

(PAT/S)X100 29.07

17 Before tax return on investment: (PBIT/Net assets) 100

PBIT 36139.18

FA:Net Fixed Assets 24658.04Inv: Investments 204591.81

Net Current assets 5407.57

Net assets 234657.42

(PBIT)/(NA)100 15.4

18 Return on equity: (PAT/Equity (net worth)) 100



(PAT)/(Sf)100 19.58

Equity-related Ratios19 Earning per share (EPS): PAT/Number of ordinary shares

PAT:Profit after taxation (In Unit Rs.) 3065666000

Number of Equity Shares (N) 57236000

(PAT)/(N) 53.56

20 Dividends per share (DPS): Dividends/ Number of ordinary shares

PD:Proposed Dividend (In Unit Rs.) 927599000

Number of Equity Shares (N) 57236000

(PD)/(N) 16.21

Dividend per share declared by the company 1521 Pay out ratios: (DPS/EPS)x100 or (Dividends/PAT)x100

DPS 15

EPS 53.56

(DPS)x100/(EPS) 28.01

22 Dividend Yield: (DPSx100)/Market value per share


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DPS 15

Market Value per share (Average)**1 740.39

(DPSx100)/Market value per share 2.03

23 Price/Earning ratio: Market value per share/ EPS

Market Value per share (Average)**1 740.39EPS 53.56

Market Value per share/EPS 13.82

24 Earning Yield: (EPSx100)/ Market value per share

EPS 53.56

Market Value per share (Average)**1 740.39

(EPSx100)/ Market value per share 7.23

25 Book value per share: Net worth/ Number of ordinary shares

Sf:Shareholders funds (In Unit Rs.) 15655577000

Number of Equity Shares (N) 57236000((Sf)/(N)) 273.53

261.51

Investment-related Ratios

26 Return on assets or earning power (ROA): (PAT/ Average total asse


Fixed assets (Current Year) 24658.04

Investments (Current Year) 204591.81

Current assets (Current Year) 38696.27

Fixed assets (Last Year) 25031.35Investments (Last Year) 110683.44

Current assets (Last Year) 30661.76

Average total assets 72387.11

(PAT/ATA)100 42.35

27 Return on capital employed (ROCE): (EBIT(PBIT)/ Capital employed



(PAT)/(Sf)100 19.58

Other Ratios28 ROOSE (return on ordinary shareholders equity) / RONW (return on



(PAT)/(Sf)100 19.58

29 Du Pont analysis

Declared by the company:Book valueper Share (Rs.)*Computation excludes Investment Revaluation Reserves.


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Interest Charges

Corporate Income tax

Cost of goods sold

Operating Expenses

Net sales+/-non operating surplus/deficitTotal Costs

Net Profit after tax 30656.66

Net sales 105447.32

Net Profit margin 29.07

Inventories

Other Current assets

Cash bank and marketable securities

ReceivablesCurrent Assets 38696.27

Fixed Assets 25031.35

Total Assets 63727.62

Net sales 105447.32

Total Assets turnover 1.65

Return on Total assets 48.11

30 Operating Expenses Ratio25892.11

Expenditure (E) NA

Less:Interest (I) NA

Less:Depreciation (D) NA

E-(I+D) NA

Net Sales (S) 105447.32

(Operating Expenses or (E-(I+D)))x100 /S 24.55

**1 Tata Tea Companys Share Price NSE

As on 3rd April, 2006 875

As on 30th March 2007 607.35

Average Price 740.39

Tata Tea Companys Share Price NSE

Operating Expenses (Annual Report Page 74)


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As on 1st April, 2005 540

As on 31st March 2006 866.9

Average Price 714.67

GoodRick Stock Price Data:Year 2006(In Rs.)

Month The BombayStoHigh

January 74.55

February 129.95

March 145.25

April 119.95

May 123

June 91.9

July 76.75

August 102.9September 101.4

October 90.65

November 95.9

December 89.9

Total 1242.1

Average Price 2124.2/24=


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d Goodricke Group Ltd.

Year 2006 Year 2006 Year 2005 Year 2007

1st March Year ending on,31st December

Lakhs Rs.

30661.76 971,868,580 1,012,034,480

27237.79 372,003,451 390,040,222

1.13 2.61 2.59 times

Liabilities

30661.76 971,868,580 1,012,034,480

13956.85 481,118,763 506,135,998

16704.91 490,749,817 505,898,482

27237.79 372,003,451 390,040,2220.61 1.32 1.3 times

/Current liabilities

661.97 36,136,577 23,546,199

0 0 0

661.97 36136577 23546199

27237.79 372,003,451 390,040,222

0.02 0.1 0.06 times

24135.74 317,576,895 384,738,816

116126.51 694,352,890 670,156,381

0.21 0.46 0.57 times

al employed

24135.74 317,576,895 384,738,816

116126.51 694,352,890 670,156,381

140262.25 1011929785 1,054,895,197

0.17 0.31 0.36 times

23052.02 76,431,890 45,297,738

896.59 30,043,900 31,179,900

23948.61 106,475,790 76,477,638

26.71 3.54 2.45 times


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sing) inventory.

96820.86

NA 2,201,211,258 2,111,916,728

NA 984,182 2,104,377

NA 30,043,900 31,179,900NA 2,172,151,540 2,082,841,205

13956.85 481,118,763 506,135,998

6.94 4.51 4.12 times

entory turnover ratio.

360 360 360

6.94 4.52 4.12

51.9 79.73 87.48 Days

g) debtors (or accounts receivable (total debtors +bills receivable)

96820.86 2,212,835,693 2,098,444,6405022.14 181,239,494 196,208,815

19.28 12.21 10.69 times

nover

360 360 360

19.28 12.22 10.71

18.67 29.47 33.63 Days

96820.86 2,212,835,693 2,098,444,640

30661.76 971,868,580 1,012,034,4803.16 2.28 2.07 times

96820.86 2,212,835,693 2,098,444,640

3423.97 599,865,129 621,994,258

28.28 3.69 3.37 times

96820.86 2,212,835,693 2,098,444,640

25031.35 451,841,662 476,341,614

3.87 4.9 4.41 timest assets = all assets accumulated depreciation)

96820.86 2,212,835,693 2,098,444,640

25031.35 451,841,662 476,341,614

110683.44 470,116 470,116

3423.97 599,865,129 621,994,258


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139138.76 1,052,176,907 1,098,805,988

0.7 2.1 1.91 times

23948.61 106475790 7647763896820.86 2,212,835,693 2,098,444,640

24.73 4.81 3.64 %

18693.28 54,983,259 37,583,581

96820.86 2,212,835,693 2,098,444,640

19.31 2.48 1.79 %

23948.61 106475790 76477638

25031.35 451,841,662 476,341,614110683.44 470,116 470,116

3423.97 599,865,129 621,994,258

139138.76 1052176907 1098805988

17.21 10.12 6.96 %

18693.28 54,983,259 37,583,581

116126.51 694,352,890 670,156,381

16.1 7.92 5.61 %

1869328000 54,983,259 37,583,581

56219857 21,600,000 21,599,759

33.25 2.55 1.74 3.58 Rs

674639000 27,000,000 16,200,000

56219857 21,600,000 21,599,759

12 1.25 0.75 Rs

12 Rs

12 1.25 0.75

33.25 2.55 1.74

36.09 49.12 43.1 %


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12 1.25 0.75

714.67 88.51 NA

1.68 1.41 NA %

714.67 88.51 NA33.25 2.55 1.74

21.49 34.78 NA times

33.25 2.55 1.74

714.67 88.51 NA

4.65 2.88 NA %

11612651000 694,352,890 670,156,381

56219857 21,600,000 21,599,759206.56 32.15 31.03 Rs

202.67 32.15 31.03 31.97 Rs

ts (of the given years, here 1998&97)) 100 or ((PAT+ Interest)/Averag

18693.28 54,983,259 37,583,581

25031.35 451,841,662 476,341,614

110683.44 470,116 470,116

30661.76 971,868,580 1,012,034,480

30268.7 476,341,614NA86586.32 470,116 NA

26596.6 1,012,034,480 NA

51638.03 485504428 NA

36.2 11.32 NA %

) 100

18693.28 54,983,259 37,583,581

116126.51 694,352,890 670,156,381

16.1 7.92 5.61 %

net worth): ((PAT-preferential dividends)/Net worth) 100

18693.28 54,983,259 37,583,581

116126.51 694,352,890 670,156,381

16.1 7.92 5.61 %


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18693.28 54,983,259 37,583,581

96820.86 2,212,835,693 2,098,444,640

19.31 2.48 1.79 %

30661.76 971,868,580 1,012,034,480

30268.7 451,841,662 476,341,614

60930.46 1423710242 1488376094

96820.86 2,213,819,875 2,100,549,017

1.59 1.55 1.41 times

30.68 3.86 2.53 %

22840.15

NA 2,201,211,258 2,111,916,728

NA 30,043,900 31,179,900

NA 54,718,455 55,322,439

NA 2,116,448,903 2,025,414,389

96820.86 2,212,835,693 2,098,444,640

23.59 95.64 96.52 %

BSE CSE

874.8 870

607.85 607.35

BSE CSE


12/18

527 526.15

867.95 960

ck Exchange Ltd. (BSE)Low Total

65.05

64.5

95.2

90.55

75.3

60.05

55

6284

79.65

78.5

72.3

882.1 2124.2

88.51


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fixed assets) 100


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mcs-comparision of finacial ratios of tata tea and goodrick

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