RATIO ANALYSIS

$treet 16
ACTIVITY RATIOS
ACTIVITY RATIOS
LIQUIDITY RATIOS
SOLVENCY RATIOS
PROFITABILITY RATIOS
 Model Balance Sheet
  ITC Mahindra & Mahindra Ltd
Rs. in Cr. Mar-10 Mar-09 Mar-10 Mar-09
APPLICATION OF FUNDS :        
         
Gross Block 12,992.74 11,550.60 14,204.00 13,042.35
Less: Accum. Depreciation 4,218.72 3,667.97 5,651.36 5,652.27
Net Block 8,774.02 7,882.63 8,552.64 7,390.08
Capital Work in Progress 1,023.58 1,243.12 1,967.69 1,751.73
         
Investments 5,000.48 2,507.07 4,805.25 3,381.26
         
Current Assets, Loans & Advances        
Inventories 5,092.02 4,794.33 3,548.99 3,271.46
Sundry Debtors 1,026.24 817.32 3,335.44 3,564.81
Cash and Bank Balance 1,348.58 1,316.93 2,737.12 2,967.51
Loans and Advances 1,901.99 1,901.83 11,499.62 9,658.19
Less: Current Liab. & Prov.        
Current Liabilities 4,884.91 4,414.92 7,580.72 7,466.78
Provisions 4,586.75 1,703.84 1,938.08 1,615.75
         
Net Current Assets -102.83 2,711.65 11,602.37 10,379.44
Total Assets 14,695.46 14,344.79 26,932.53 22,919.37
 Model Balance Sheet

  ITC Mahindra & Mahindra Ltd

Rs. in Cr. Mar-10 Mar-09 Mar-10 Mar-09
SOURCES OF FUNDS :        
         
Share Capital 381.82 377.44 282.95 272.62
Reserves & Surplus 14,076.49 13,650.72 9,897.31 6,763.29
Total Shareholders Funds 14,458.31 14,028.16 10,180.26 7,035.91
         
Secured Loans 0.95 18.86 8,972.45 7,724.71
Unsecured Loans 109.82 167.81 5,317.47 5,101.49
Total Debt 110.77 186.67 14,289.92 12,826.20
Minority Interest 126.38 129.96 2,462.35 3,057.26
         
Total Liabilities 14,695.46 14,344.79 26,932.53 22,919.37
         
 Model Income Statements
  ITC Mahindra & Mahindra Ltd
Rs. in Cr. Mar-10 Mar-09 Mar-10 Mar-09
INCOME :        
Sales Turnover 27,623.44 24,363.71 31,328.83 26,777.14
Other Income 642.92 526.22 2,866.82 2,564.67
Stock Adjustments -194.77 160.9 -26.69 -179.07
Total Income 28,071.59 25,050.83 34,168.96 29,162.74
         
EXPENDITURE :        
Raw Materials 6,777.18 6,066.58 15,241.22 12,884.72
Excise Duty 8,487.57 7,807.57 2,102.13 2,072.18
Power & Fuel Cost 410.37 415.67 510.77 471.4
Other Manufacturing
825.94 838.73 1,658.24 1,454.84
Expenses
Employee Cost 1,467.89 1,326.76 4,582.55 4,274.86
Selling and Administration
2,432.55 2,341.73 3,367.92 2,909.57
Expenses
Miscellaneous Expenses 764 711.15 818.94 1,347.92
Less: Preoperative
75.31 72.55 132.59 107.8
Expenditure Capitalised
Profit before Interest,
6,981.40 5,615.19 6,019.78 3,855.05
Depreciation & Tax
 Model Income Statements
  ITC Mahindra & Mahindra Ltd
Rs. in Cr. Mar-10 Mar-09 Mar-10 Mar-09
Interest & Financial
91.79 49.57 1,120.57 857.89
Charges
Profit before Depreciation
6,889.61 5,565.62 4,899.21 2,997.16
& Tax
Depreciation 643.9 580.86 873.52 749.33
Profit Before Tax 6,245.71 4,984.76 4,025.69 2,247.83
Tax 2,034.93 1,625.38 1,154.20 542.24
Profit After Tax 4,210.78 3,359.38 2,871.49 1,705.59
Minority Interest after PAT 48.84 40.93 412.56 311.45
Profit after Minority
Interest & P/L of Assoc. 4,168.18 3,324.59 2,478.56 1,405.41
Co.
P & L Balance brought
785.71 652.56 4,642.70 3,873.20
forward
Appropriations 4,897.62 3,199.74 1,085.20 592
Equity Dividend 3,818.18 1,396.53 564.9 303.73
Corporate Dividend Tax 635.1 248.68 74.23 33.23

Earning Per Share (Rs.) 9.25 8.15 42.49 50.33