SUBMITTED BY

ANURADHA DHANDE
ROLL NO. (06)
MBA – 2 YR

SUBMITTED TO: PROF - SONALI BAGADE

Dr. D. Y. Patil Unitech Society's

Dr. D. Y. Patil Institute of Management & Research,
Sant Tukaram Nagar, Pimpri, Pune – 411018

In the partial fulfillment of the requirements for the subject

EQUITY RESEARCH, CREDIT ANALYSIS APPRAISAL (311)

BATCH 2019 - 2020

TREND ANALYSIS OF TVS MOTORS COMPANY LTD

 1) SALES  
YEAR AMOUNT %CHANGE (TRENDS)
2015 10098.22 0%
2016 11104.66 10%
2017 12135.31 20%
2018 15129.66 50%
2019 18209.92 80%

SALES
90%

80% 80%

70%

60%

50% % CHAN
50%

40%

30%

20% 20%

10% 10%

0% 0%
2015 2016 2017 2018 2019

As we know tvs motors is the leading company,

here we can see that increase in sales year by year . We take 2015 as an base year for
the calculation of sales in tvs motors.
2015 - 100% as it is increasing in
INTERPRETATION :
2016 - 10% and
2017 - 20%
2018 - 50%
2019 - 80%
The company continuous to lead in customer satisfaction and has been ranked jd
power two wheeler customer service.
The sales grew from 202 lakh units in 2017-2018 to 212 lakh units in 2018-19

  2) NET PROFIT
YEAR AMOUNT %CHANGE (TRENDS)
2015 347.83 0%
2016 489.28 41%
 2017 558.08 60%
2018 662.59 90%
2019 670.14 93%

NET PROFIT
100%
90% 90% 93%

80%
70%
60% 60% %
50%
40% 41%
30%
20%
10%
0% 0%
2015 2016 2017 2018 2019

In The Above Graph We Can Easily See That There Is Contineous Growth
In The Net Profit Of The Company, As We Take 2015 Is The Base Year For
INTERPRETATIONThe
: Calculation Of The Trend Analysis
The Net Profit Is Increasing Year By Year
2016 - 41%
2017 - 60%
2018 - 90%
2019 - 93%
When Sales Increase, Profit Margin Potentially Increases, And Vice Versa .
Net Profit Margin Is One Of The Most Important Indicators Of A Company's
Financial Health. By Tracking Increases And Decreases In Its Net Profit
Margin, A Company Can Assess Whether Current Practices Are Working And
Forecast Profits Based On Revenues.
  3 ) EQUITY PER SHARE
EQUITY PER SHARE
YEAR AMOUNT %CHANGE (TRENDS)
100%
90% 2015 7.32 91% 0% 93%
80% 2016 10.3 41%
70%
2017 11.75 61%
60% 61% % CHANGE
50% 2018 13.95 91%
40% 41%
2019 14.11 93%
30%
20%
10%
0% 0%
2015 2016 2017 2018 2019

INTERPRETATION :
In the above graph we can easily see that there is continuous growth in the net
profit of the company, as we take 2015 is the base year for the calculation of the
trend analysis
The net profit is increasing year by year
2016 - 41%
2017 - 61%
2018 - 91%
2019 - 93%
A corporation may plan the precise amount of increase to stockholder's equity, as
in the case of a stock issuance of common and preferred shares at an established
price. This change differs from an increase that may occur to stockholder's equity as
a result of net income; while the corporation plans to profit from operations, its
actual net income is known only after the fiscal year has ended.
Importance of stockholders’ equity
Investors can use data presented under the stockholders’ equity section of the
balance sheet to develop important financial ratios that explain the financial
condition of the company. An important financial ratio used by investors is return
on equity
 4) OPERATING PROFIT
YEAR AMOUNT %CHANGE (TRENDS)
2015 604.3 0%
2016 809.87 34%
2017 857.07 42%
2018 1129.21 87%
2019 1433.25 137%

OPERATING PROFIT
160%

140% 137%
120%

100%
% CHANGE
87%
80%

60%

40% 42%
34%
20%

0% 0%
2015 2016 2017 2018 2019

INTERPRETATION : In the above graph we can easily see that there is contineous growth in the
net profit of the company, as we take 2015 is the base year for the
calculation of the trend analysis
The net profit is increasing year by year
2016 - 34%
2017 - 42%
2018 - 87%
2019 - 137%
When net operating income increases as a percentage of net sales, your
business turns a higher profit margin on its revenues. This situation occurs
when you lower expenses and generate the same revenue or when
you increase expenses at a slower rate than a corresponding increase in sales.
In simplest terms, the fact that your operating profit as a percentage of net
sales increases over time means you are improving your ability to generate
revenue and control costs.
  5) FINANCE COST
YEAR AMOUNT %CHANGE (TRENDS)
2015 27.42 0%
2016 48.73 78%
2017 43.95 60%
2018 56.62 106%
2019 80.56 194%

FINANCE COST
250%

200% 194%

150% % CHANGE

100% 106%
78%
60%
50%

0% 0%
2015 2016 2017 2018 2019

In the above graph we can easily see that there is continuous growth in the
INTERPRETATION :
net profit of the company, as we take 2015 is the base year for the
calculation of the trend analysis
The net profit is increasing year by year
2016 - 78%
2017 - 60%
2018 - 106%
2019 - 194%
The financing cost (fc), also known as the cost of finances (cof), is
the cost and interest and other charges involved in the borrowing of money
to build or purchase assets. The total expenses associated with
securing finance for a project or business arrangement.
The latter however means the cost which comes with selecting an alternative
of finance.
COMMON SIZE STATEMENT ANALYSIS OF TVS MOTORS COMPANY LTD
X INCOME STATEMENT OF 2018-19

  PARTICULAR 2018 2019 2018% 2019%

NET SALES   15129.66 18209.92 100% 100%
REVENUE     18217.46 15274.44    
COST OF GOODS SOLD -2,439.63 2,899.92 -16% 16%
17,912.51 15,310.00
GROSS PROFIT   98% 100%
TOTAL COST   17,256.50 14,395.80 -707% 496%
NET PROFIT   662.59 670.14 4% 4%
SALES TURNOVER   15,472.88 18209.92 90% 126%

Chart Title

0% 9% 10%
2%
1
10% 2
3
4
5
6

70%

INTERPRETATION:

Profit & Loss - TVS Motor Company Ltd.

Particulars Mar'19 Mar'18

Sales Turnover 18209.92 15472.88

Excise Duty .00 343.22

NET SALES 18209.92 15129.66

Other Income 7.5400 144.7800

TOTAL INCOME 18217.46 15274.44

EXPENDITURE:

Manufacturing Expenses 110.08 107.17

Material Consumed 13913.30 11204.47

Personal Expenses 922.63 868.01

Selling Expenses 391.84 301.49

Administrative Expenses 1438.82 1519.31

Expenses Capitalised .00 .00

Provisions Made .00 .00

TOTAL EXPENDITURE 16776.67 14000.45

Operating Profit 1433.25 1129.21

EBITDA 1440.79 1273.99

Depreciation 399.27 338.73

Other Write-offs .00 .00

EBIT 1041.52 935.26

Interest 80.56 56.62

EBT 960.96 878.64

Taxes 290.82 216.05

Profit and Loss for the Year 670.14 662.59

Non Recurring Items 5.55 -4.47

Other Non Cash Adjustments .00 .00

Other Adjustments -5.55 4.47

REPORTED PAT 670.14 662.59

KEY ITEMS

Preference Dividend .00 .00

Equity Dividend 132.58 125.93

Equity Dividend (%) 279.05 265.05

Shares in Issue (Lakhs) 4750.87 4750.87

EPS - Annualised (Rs) 14.11 13.95

BALANCESHEET - TVS Motor Company Ltd.

BALANCESHEET 2018-19

PARTICULAR   2018 2019 2018% 2019%

ASSESTS          
CASH   10.9 43.86 0% 1%
Investments   2300.67 2035.38 87% 63%
Inventories   1175.94 964.39 45% 30%
Sundry debtors   1414.14 968.37 54% 30%
 Loans and Advances   598.21 697.43    
LIABILITIES          
Share capital   47.51 47.51 1% 1%
Reserves & surplus   2832.91 3299.81 72% 70%
Net worth   2880.42 3347.32 74% 71%
Secured loan   183.4 1377.94 5% 29%
Unsecured loan   853.57 0 22% 0%

Chart Title
0% 1
1% 6%
2
3
24%
4
20% 5
6
7
8
12% 9

20%
15%

0%

INTERPRETATION: In the above is the income statement of tvs motors here we calculate
the common size analysis for the year 2018 2019
With the help of net sales and revenue of the company
Particulars Mar'19 Mar'18

Liabilities 12 Months 12 Months

Share capital 47.51 47.51

Reserves & surplus 3299.81 2832.91

Net worth 3347.32 2880.42

Secured loan 1377.94 183.40

Unsecured loan .00 853.57

Total liabilities 4725.26 3917.39

Gross block 4922.33 4441.01

(-) Acc. Depreciation 2343.02 2069.14

Net block 2579.31 2371.87

Capital Work in Progress 257.23 131.13

Investments 2300.67 2035.38

Inventories 1175.94 964.39

Sundry debtors 1414.14 968.37

Cash and Bank 43.86 10.90

Loans and Advances 598.21 697.43

Total current assets 3232.15 2641.09

Current liabilities 3525.84 3146.30

Provisions 118.26 115.78

Total current liabilities 3644.10 3262.08

Net current assets -411.95 -620.99

Misc. Expenses .00 .00

Total assets(a+b+c+d+e) 4725.26 3917.39