Fundamental Analysis

Name Of the Company : Sector: Date :

Items 1 2 3 4 5 6 Economic Analysis Type Wt=22 Govt Policy towards Industry Desc GDP Nos Inflation Nos Interest rates applicable Desc BOP- Foreign Reserves Nos Tax Structure Desc Industry Analysis Wt=15 Type of Industry Desc Industry Life Cycle Desc Labour Issues If any Desc Cost Structure and Profitability Desc Nature of Product Desc Company Analysis Wt=63 Competition Desc Management Style Desc Growth in last 5 years Nos Operating Efficency /Margins Nos Capital Structure Nos EPS Nos PE Ratio Nos PEG Nos Price/Sale Nos Price/Book Nos Divident Payout Ratio Nos Intrinsic Value Nos Score Scale- Rating Maximum 4 4 4 3 3 4

1 2 3 4 5

4 2 3 4 2

1 2 3 4 5 6 7 8 9 10 11 12

5 5 5 5 5 5 5 5 3 3 5 12

Total

100

Actuals

Companies ABB Arvind Mills ACC BHEL Bombay Dyeing BILT Century Textiles Crompton Greaves DLF Dalmia Cement EmcurePharma Edelwiese Gujarat Ambuja Gujarat Alkali Gujarat NRECoke HDFC HDFC Bank HUL IFCI Indian Rayon ICICI JK Chemicals JP Industries KPIT Cummins Kirloskar Oil Laxmi Cements Priya Cement RIL Reliance Communication

Companies 32 Reliance Infra 33 TCS 34 Welspun 35 Wipro 36 Infosys 37 Idea Cellular 38 Kotak Securities 39 ShalimarPaints 40 L & T Infotec 41 Sudarshan Chemicals 42 Ranbaxy 43 MahindraHolidays 44 India Mart 45 Nerolac paints 46 Cummins India

1 EPSGR : Earning per Share Growth rate 2 PER : PriceEarning ratio or P/E Ratio How to Calculate Intrinsic Value I 1 Current Price 2 Average EPSGR(last 5-10 years) 3 EPS for the Year 4 Avg PE Ratio for Last5-10 years 5 Avg Divident for last 5-10 years II 1 Time Frame 2 End of Investment 3 Expected EPSGR(next 5-10 years) 4 Expected PERatio for next 5-10 yrs 5 Expected Divident payout next 5-10 yrs 6 Expected ROI III Forecasted Stock Price for 2021

IV

Total Divident Payouts= Total Dividents/Total EPS

Future Value =Forecasted Stock Price+ Total Divident

VI

Intrinsic value

Future Value/(Expected R 136.51/(1.12)n 10 43.95

33.5 13% Rs.2.12 18.7 4%

10 years Early 2021 13% 18.7 4.20% 12% EPS after 10th Year * Average PER 2.12 * (1.13)n10 * 18.7 Rs.134.57 Total Divident :Avg Div payout * Total EPS 46.25 * 4.2% Rs.1.94 Assuming Total Divident paid for 10 yearsis 46.25 134.57+1.94 136.51

s/Total EPS

+ Total Divident

ture Value/(Expected ROI)n No of Years 6.51/(1.12)n 10

10 yearsis 46.25