Balance Sheet – Tata Motors / M & M Name : Sandeep Suntha

Roll no : 26

Course – EPGDIB ( Hybrid 2019-2020

Batch )

M & M
Mar 2014
Particulars
( ).Cr
SOURCES OF
FUNDS :
Share Capital 295.16

Reserves 16496.03
Total
Equity Share 0
Warrants
Equity 0
Application
Money
Total 16791.19
Share holde r
s Funds
Secured 294.1
Loans
Unsecured 3751.23
Loans
Total De bt 4045.33

Total 20836.52
Liabilitie s
APPLICATION
OF FUNDS :
Gross Block 10796.12

Le ss : 4919.17
Accumulate d
De pre ciation

Le ss:Impair 0
me nt of
Asse ts
Net Block 5876.95

Lease 0
Adjustment
Capital Work 1228.44
in Progress
Producing 0
Properties
Investments 11379.85

Current
Assets, Loans
& Advances
Inventories 2803.63

Sundry 2509.84
Debtors
Cash and 2950.39
Bank
Loans and 1432.94
Advances
Total 9696.8
Curre nt
Asse ts
Less :
Current
Liabilities
and
Provisions
Current 6902.19
Liabilities
Provisions 1563.69

Total 8465.88
Curre nt
Liabilitie s
Net Current 1230.92
Assets
Miscellaneous 0
Expenses not
written off
Deferred Tax 273.69
Assets
Deferred Tax 1163.34
Liability
Net Deferred -889.65
Tax
Total Asse ts 18826.51

Contingent 831.2
Liabilities
P & L – Tata Motors
P&L–M&M

Mar '14 Mar '13 Mar '12 Mar '11 Mar '10
Income Cr Cr Cr Cr Cr
Sales
43,120.18 43,412.65 31,853.52 23,460.26 20,323.63
Turnover
Excise
2,611.68 2,971.49 0 0 1,807.30
Duty
Net Sales 40,508.50 40,441.16 31,853.52 23,460.26 18,516.33
Other
770.78 639.79 574.06 551.63 285.09
Income
Stock
Adjustment 274.67 87.31 597.33 202.23 23.69
s
Total
41,553.95 41,168.26 33,024.91 24,214.12 18,825.11
Income
Expenditure
Raw
29,889.44 30,675.27 24,258.94 16,604.88 12,461.56
Materials
Power &
221.35 206.39 175.78 143.93 120.97
Fuel Cost
Employee
2,163.72 1,866.45 1,701.78 1,431.52 1,199.85
Cost
Other
Manufactu
0 0 0 0 96.92
ring
Expenses
Selling
and Admin 0 0 0 0 1,439.26
Expenses
Miscellane
ous 3,787.45 3,071.06 2,543.63 2,027.83 264.21
Expenses
Preoperati
ve Exp 0 0 0 0 -59.55
Capitalised
Total
36,061.96 35,819.17 28,680.13 20,208.16 15,523.22
Expenses
Operating
4,721.21 4,709.30 3,770.72 3,454.33 3,016.80
Profit
PBDIT 5,491.99 5,349.09 4,344.78 4,005.96 3,301.89
Interest 259.22 191.19 162.75 72.49 156.85
PBDT 5,232.77 5,157.90 4,182.03 3,933.47 3,145.04
Depreciati
863.34 710.81 576.14 413.86 370.78
on
Profit
4,369.43 4,447.09 3,605.89 3,519.61 2,774.26
Before Tax
Extra-
ordinary 0 0 0 0 72.49
items
PBT (Post
Extra-ord 4,369.43 4,447.09 3,605.89 3,519.61 2,846.75
Items)

Tax 611.08 1,094.27 727 857.51 759

Reported
3,758.35 3,352.82 2,878.89 2,662.10 2,087.75
Net Profit
Total
Value 6,172.52 5,143.90 4,421.19 3,603.28 3,061.66
Addition
Equity
862.25 798.17 767.48 706.08 549.52
Dividend
Corporate
Dividend 104.04 92.98 101.13 96.56 74.23
Tax
Per share data
(annualised)
Shares in
issue 6,158.92 6,139.81 6,139.75 6,139.40 5,659.08
(lakhs)
Earning
Per
61.02 54.61 46.89 43.36 36.89
Share
(Rs)
Equity
Dividend 280 260 250 230 190
(%)
Book
272.46 238.58 194.71 163.82 138.02
Value (Rs)
Ratio Analysis :

Tata motors Tata motors M & M

Liquidity Calculations FY 2014 FY 2013 FY 2014

Current Current Assets /

Ratio Current liabilities 0.40 0.41 0.18
Current assets -
Quick Inventory/
ratio Current liabilities 0.29 0.27 0.41

Cash Cash / Current

ratio liabilities 0.02 0.03 0.43

Working Current assets -

capital current liabilities -8028.75 -9844.54 -5672

 Current ratio below 1 says liquidity problems for Tata motors for year 2013/2014 . The
condition was better in 2013 if compared to 2014 for Tata motors as it was able to decrease the
amount of their current liabilities.
  Quick Ratio : It has improved in 2014 if compared to 2013 for Tata motors . Whereas M & M has
a higher ratio than Tata motors and hence they are in a better position as they are able to meet
their short term obligations with their assets .

Tata motors Tata motors M & M

Profitability Calculations FY 2014 FY 2013 FY 2014

Operating
Profit Operating
margin profit/ Net sales 14.96 13.00 11.65

Net profit Net Profit/ Net

Margin sales 6.06 5.22 9.28
Net Income /
Average Total
ROA Assets
Net Income / 41.86 29.53 19.96
Average
Shareholder
ROE equity 76.11 53.32 19.96
Assets
Turnover Sales / Average
ration Total assets 6.91 5.65 2.15
Accounts
receivable Sales / Average
turnover account
ratio receivable 23.72 16.28
 Net profit margin has a increasing trend for Tata motors while M & M is generating higher profit
margin in 2014 .

 ROE ( TATA Motors ) - The return on equity is increasing for TATA motors which indicate that
the shareholders were able to earn high returns . M & M has a lower return % .
  ROA ( TATA Motors ) - Return on asset is increasing with the increase in year which signifies that
the company is making profit with the increase in fiscal year.

Tata motors
Tata motors M & M
Solvency Calculations FY 2014 FY 2013 FY 2014

Debt to
equity Debt/Equity 75.69 74.57 24.09

Debt Total debt/

ratio Total assets 43.08 42.71 21.49

Financial Total assets/

leverage Total equity 1.76 1.75 1.12
Interest EBIT/
coverage Interest
ratio payment 4.0 3.54 9.0
 Tata motors
Tata motors
M&M
Turnover Calculations FY 2014 FY 2013 FY 2014

Sales/
Inventory Average
turnover inventory 56.24 42.39 15.35

 Inventory turnover is increasing which indicates good sales for Tata motors .