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RATIO ANALYSIS

Balance sheet of DLF ------------------- in Rs. Cr. -------------------


Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds
Total Share Capital 3.51 37.77 305.88 340.96 339.44
Equity Share Capital 3.51 37.77 305.88 340.96 339.44
Share Application Money 0 0 0 0 0
Preference Share Capital 0 0 0 0 0
Reserves 380.42 607.16 346.92 10,928.19 12,035.39
Revaluation Reserves 0 0 0 0 0
Networth 383.93 644.93 652.8 11,269.15 12,374.83
Secured Loans 630.15 3,010.93 6,242.81 4,945.91 7,979.97
Unsecured Loans 2.95 2.99 526.48 3,440.49 1,635.00
Total Debt 633.1 3,013.92 6,769.29 8,386.40 9,614.97
Total Liabilities 1,017.03 3,658.85 7,422.09 19,655.55 21,989.80
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds
Total Share Capital 3.51 37.77 305.88 340.96 339.44
Equity Share Capital 3.51 37.77 305.88 340.96 339.44
Share Application Money 0 0 0 0 0
Preference Share Capital 0 0 0 0 0
Reserves 380.42 607.16 346.92 10,928.19 12,035.39
Revaluation Reserves 0 0 0 0 0
Networth 383.93 644.93 652.8 11,269.15 12,374.83
Secured Loans 630.15 3,010.93 6,242.81 4,945.91 7,979.97
Unsecured Loans 2.95 2.99 526.48 3,440.49 1,635.00
Total Debt 633.1 3,013.92 6,769.29 8,386.40 9,614.97
Total Liabilities 1,017.03 3,658.85 7,422.09 19,655.55 21,989.80
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09
Deffered Credit 0 0 0 0 0
Current Liabilities 1,287.20 1,197.33 3,059.67 2,531.21 1,699.75
Provisions 58.62 169.61 723.25 1,255.16 1,458.64
Total CL & Provisions 1,345.82 1,366.94 3,782.92 3,786.37 3,158.39
Net Current Assets 364.57 1,725.17 5,659.33 14,559.56 15,560.22
Miscellaneous Expenses 0 0 0 0 0
Total Assets 1,017.03 3,658.85 7,422.10 19,655.56 21,989.80

Contingent Liabilities 502.91 1,643.36 3,818.81 3,047.92 4,875.99


Book Value (Rs)

LIQUIDITY RATIO
current ratio 0 0 0.17 1.36 0.96
quick ratio 0 0 0.17 1.36 0.96
Debt equity ratio 1.65 4.67 10.37 0.74 0.78

DEBT COVERAGE RATIO


Interest cover 3.93 3.38 2.74 8.15 3.32

MANAGEMENT EFFICIENCY RATIO


Inventory turnover ratio #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Debtor turnover ratio 1.07 1.48 1.69 0.49 0.23
Fixed asset turnover ratio 1.07 1.48 1.69 0.49 0.23
Asset turnover ratio 0.41 0.26 0.15 0.28 0.13

PROFITABILITY RATIO
Gross profit margin(%) 32.34 52.22 89.49 66.09 97.88
Net profit margin(%) 16.42 23.85 36.83 46.83 54.73
Return on net worth(%) 17.63 35.27 62.16 22.84 12.51
EPS (earning per share) 192.99 60.22 2.65 15.1 9.08
----------------
--- in Rs.
Cr.
----------------
Profit & Loss account of DLF ---
Mar '05 Mar '06

12 mths 12 mths

Income
Sales Turnover 412.23 953.46
Excise Duty 0 0
Net Sales 412.23 953.46
Other Income 66.21 191.32
Stock Adjustments -3.07 -2.58
Total Income 475.37 1,142.20
Expenditure
Raw Materials 0 0
Power & Fuel Cost 0 0
Employee Cost 33.32 16.76
Other Manufacturing Expenses 256.22 577.64
Selling and Admin Expenses 46.08 43.65
Miscellaneous Expenses 6.42 6.23
Preoperative Exp Capitalised 0 0
Total Expenses 342.04 644.28
Mar '05 Mar '06

12 mths 12 mths

Operating Profit 67.12 306.6


PBDIT 133.33 497.92
Interest 33.07 146.15
PBDT 100.26 351.77
Depreciation 3.4 3.9
Other Written Off 0 0
Profit Before Tax 96.86 347.87
Extra-ordinary items 0.02 1.11
PBT (Post Extra-ord Items) 96.88 348.98
Tax 29.18 120.47
Reported Net Profit 67.7 227.44
Total Value Addition 342.04 644.27
Preference Dividend 0 0
Equity Dividend 1.4 1.55
Corporate Dividend Tax 0.18 0.22
Per share data (annualised)
Shares in issue (lakhs) 35.08 377.68
Earning Per Share (Rs) 192.98 60.22
Equity Dividend (%) 40 40

Book Value (Rs) 1,094.43 170.76


Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths

1,101.66 5,496.96 2,827.90


0 0 0
1,101.66 5,496.96 2,827.90
327.48 560.9 1,004.57
-8.72 -6.06 0
1,420.42 6,051.80 3,832.47

0 0 0
0 0 0
44.82 103.78 71.12
237.75 2,141.29 778.34
136.16 146.06 159.03
15.77 27.72 56.01
0 0 0
434.5 2,418.85 1,064.50
Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths

658.44 3,072.05 1,763.40


985.92 3,632.95 2,767.97
356.25 447.65 809.86
629.67 3,185.30 1,958.11
9.44 25.68 114.08
0 41.79 37.86
620.23 3,117.83 1,806.17
1.24 0.36 33.05
621.47 3,118.19 1,839.22
214.56 543.52 261
405.77 2,574.40 1,547.77
434.5 2,418.85 1,064.51
0 0 0
340.97 681.93 339.44
57.95 115.89 28.91

15,294.21 17,048.33 17,048.33


2.65 15.1 9.08
100 200 100

4.27 66.1 72.59


RATIO ANALYSIS

PROFITABILITY RATIO
Current ratio
Quick ratio
Debt equity ratio

DEBT COVERAGE RATIO


Interest cover

MANAGEMENT EFFICIENCY RATIO


Inventory turnover ratio
Debtor turnover ratio
Fixed asset turnover ratio
Asset turnover ratio

PROFITABILITY RATIO
Gross profit margin(%)
Net profit margin(%)
Return on net worth(%)
EPS (earning per share)
This ratio is around .96,however it increased from .002292 in '04 .IT had a over all increase .
This ratio shows the true current assets that is current asset minus inventory.Since quick and current
This ratio is decreased from 04 to 09 so the firm has started using its equity more.

This ratio is decreased for the period 04 to 09, it will be not better for the company because it will in

no inventiry , no turnover .
overall decreasing .Dos will increase.
It shows the sales on each rupee of fixed assets of a company.however it decreased from 04 to 09 pe
it shows the sales on each rupee of total assets of a company.it is decreasing which is not good for th

it shows the total profitability of a company without taking into account taxes and depriciation.it incre
it shows the net profitability of a company .it is increased recently which is good for the company to s
it is decreasing ,which is not a good sign.
this ratio is decreasing tremendously.
dition was not good.