Year Private Final Consumption Expenditure

2013-14 5557329
2014-15 5912657
2015-16 6381419
2016-17 6900236
2017-18 7379819
2018-19 7908057
2019-20 8325907
Government Final Consumption Expenditure Gross Fixed Capital Formation
Changes in Stocks
979825 3194924 129758
1054151 3278096 274751
1132802 3492183 239557
1201598 3787568 122639
1343222 4061195 215795
1478565 4460967 264415
1652367 4334091 269489
Exports
Valuables
ofImport
Goodsofand
Goods
Services
Discrepancies
andGross
Services
Domestic Product
148879 2468269 2644555 -33060 9801370
187957 2512145 2667595 -24487 10527674
185986 2370282 2511540 78804 11369493
151479 2488423 2621593 277844 12308193
192661 2601777 3078132 458823 13175160
169734 2922543 3342777 119923 13981426
192629 2817660 3115388 89196 14565951
 2019 2018 2017
Sr. No Items India India India
Component of GDP by Aggregate
Expenditures -(At Constant
Prices)
Private final consumption
1 expenditure 80,329,340.00 74,174,890.77 69,040,852.85
Government final consumption
2 expenditure 15,008,790.00 13,785,626.76 11,990,412.33
3 Gross fixed capital formation 45,496,440.00 41,365,716.55 37,837,781.15
4 Changes in stocks 1,584,050.00 1,504,168.42 1,240,874.23
5 Valuables 1,933,100.00 1,921,203.82 1,507,839.58
6 Exports of Goods and Services 29,578,780.00 26,073,098.30 24,904,365.08
7 Import of Goods and Services 35,671,380.00 30,835,600.40 26,215,859.52
8 Discrepancies 2,742,060.00 3,809,468.72 2,677,003.21
9 GDP at market prices 141,001,190.00 131,798,572.95 122,983,268.91

Component of GDP by Aggregate

Expenditures - (At Current Prices)
Private final consumption
10 expenditure 113,334,060.00 100,831,205.25 91,157,687.97
Government final consumption
11 expenditure 21,309,970.00 18,856,134.27 15,833,120.77
12 Gross fixed capital formation 55,016,950.00 48,968,134.00 43,350,141.71
13 Changes in stocks 1,885,030.00 1,738,896.04 1,397,137.72
14 Valuables 2,132,380.00 2,187,058.96 1,665,587.05
15 Exports of Goods and Services 37,527,890.00 32,105,465.71 29,487,721.07
16 Import of Goods and Services 44,643,740.00 37,585,194.17 32,205,914.27
17 Discrepancies 3,977,130.00 3,848,348.12 2,938,378.13
18 GDP at market prices 190,539,670.00 170,950,048.18 153,623,860.14

GDP = GNP -NET FACTOR INCO

GNP = C+I+G+NX + NET FACTO
GVA OR GDP FC
GVA MEASUREDS THE CONTRIBUTION TO THE EC
AT FACTOR COST MEANS GETTING THE FINAL PR
 2016 2015 2014 2013 2012 2011
India India India India India India

63,814,187.16 59,126,567.21 55,573,291.24 51,790,909.21 49,104,472.72 45,711,750.00

11,328,024.98 10,541,508.79 9,798,251.18 9,742,629.70 9,683,750.00 9,090,100.00

34,921,830.58 32,780,960.95 31,949,243.10 31,457,931.95 29,977,328.70 26,743,280.00
2,395,568.42 2,747,512.11 1,297,583.95 2,015,283.91 2,079,831.88 3,675,370.00
1,859,864.06 1,879,567.90 1,488,790.94 2,599,492.79 2,530,333.33 2,373,670.00
23,702,816.36 25,121,446.36 24,682,689.17 22,898,359.84 21,439,310.00 18,563,300.00
25,115,397.73 26,675,952.61 26,445,550.84 28,790,791.39 27,155,540.00 22,552,240.00
788,037.53 -244,874.38 -330,599.98 416,350.62 -296,199.52 -592,890.00
113,694,931.36 105,276,736.34 98,013,698.76 92,130,166.62 87,363,287.11 83,012,350.00

81,264,083.29 72,473,401.06 64,756,493.84 56,144,844.80 49,104,472.72 43,603,230.00

14,361,710.44 13,017,617.77 11,565,090.40 10,624,040.64 9,683,750.00 8,901,360.00

39,570,923.71 37,503,917.12 35,156,205.52 33,249,731.31 29,977,328.70 25,369,360.00
2,624,772.32 3,126,976.68 1,446,213.08 2,145,243.84 2,079,831.88 3,334,510.00
2,035,059.66 2,094,066.77 1,617,614.29 2,737,745.24 2,530,333.33 1,670,350.00
27,286,474.22 28,636,362.78 28,567,813.00 24,397,070.00 21,439,310.00 17,101,930.00
30,449,234.02 32,359,619.26 31,918,108.99 31,084,280.00 27,155,540.00 20,501,820.00
1,024,949.17 186,870.02 1,143,894.97 1,225,735.21 -296,199.52 302,302.70
137,718,738.79 124,679,592.93 112,335,216.12 99,440,131.04 87,363,287.11 77,841,160.00

= GNP -NET FACTOR INCOME ABROAD

= C+I+G+NX + NET FACTOR INCOME FROM ABROD
CONTRIBUTION TO THE ECONOMY OF EACH INDIVIDUAL PRODUCER,INDUSTRY OR SECTOR OR GDP
NS GETTING THE FINAL PRODUCT COST OF PRODUCTION IN A COUNTRY .
 2010 2009 2008 2007 2006 2005
India India India India India India

42,833,190.00 40,793,210.00 39,054,430.00 36,403,670.00 34,691,380.00 32,284,360.00

8,638,990.00 7,565,420.00 6,793,420.00 6,208,310.00 5,966,460.00 5,482,760.00

24,083,030.00 22,366,020.00 21,672,640.00 18,630,480.00 16,360,600.00 14,050,520.00
2,540,510.00 1,514,710.00 3,115,220.00 2,371,880.00 1,802,770.00 1,423,410.00
1,792,210.00 1,137,380.00 896,120.00 870,910.00 766,270.00 778,400.00
15,536,990.00 16,326,230.00 14,224,170.00 13,435,940.00 11,159,990.00 8,851,160.00
19,473,160.00 19,855,540.00 16,215,410.00 14,747,770.00 12,137,620.00 9,176,420.00
559,030.00 1,086,590.00 -730,520.00 740,330.00 536,280.00 1,109,600.00
76,510,780.00 70,934,030.00 68,810,070.00 63,913,750.00 59,146,140.00 54,803,800.00

37,075,660.00 32,492,840.00 28,407,270.00 24,766,670.00 21,527,020.00 19,175,080.00

7,711,510.00 6,153,330.00 5,130,210.00 4,434,770.00 4,016,190.00 3,545,180.00

21,614,990.00 19,144,010.00 17,543,520.00 14,289,130.00 11,897,150.00 9,784,630.00
2,184,380.00 1,301,950.00 2,457,030.00 1,793,390.00 1,272,670.00 977,150.00
1,193,110.00 740,750.00 549,730.00 509,900.00 424,590.00 421,120.00
12,987,800.00 13,287,650.00 10,189,070.00 9,048,720.00 7,120,870.00 5,690,510.00
16,471,400.00 16,140,400.00 12,191,090.00 10,405,350.00 8,134,660.00 6,259,450.00
-37,850.00 506,190.00 -632,550.00 -303,590.00 -256,470.00 -251,540.00
64,778,280.00 56,300,630.00 49,870,900.00 42,947,060.00 36,933,690.00 32,422,090.00
 2004 2003 2002 2001
India India India India

18,232,270.00 17,212,380.00 16,732,090.00 15,792,010.00

3,409,620.00 3,317,530.00 3,323,690.00 3,247,270.00

7,509,400.00 6,791,700.00 6,821,430.00 5,916,100.00
216,680.00 200,490.00 -34,810.00 173,200.00
261,080.00 156,710.00 163,490.00 172,780.00
4,474,500.00 4,083,240.00 3,372,210.00 3,232,880.00
5,122,500.00 4,498,000.00 4,016,190.00 3,901,320.00
1,081,500.00 586,090.00 440,880.00 907,130.00
30,062,540.00 27,850,130.00 26,802,800.00 25,540,040.00

17,713,050.00 16,202,930.00 15,316,720.00 14,066,610.00

3,247,830.00 3,015,730.00 2,911,890.00 2,734,000.00

6,974,780.00 6,011,200.00 5,902,400.00 4,951,960.00
206,670.00 182,000.00 -19,710.00 151,580.00
245,720.00 139,570.00 141,870.00 147,240.00
4,174,250.00 3,555,560.00 2,907,570.00 2,781,260.00
4,368,780.00 3,799,810.00 3,110,500.00 2,975,230.00
185,490.00 -560 -566,940.00 -170,890.00
28,379,000.00 25,306,630.00 23,483,300.00 21,686,520.00
 FV
BOOK VAL

EPS= NET INCOME- PREFFERD DIVIDEND/NO.OF OUTSTANDING SHARES

PE RATIO= CURRENT MAKET PRICE OF STOC/EPS

book value ACCOUNTING VALUE OF SHAREHOLDERS,S EQUITY

market value

1714360160 EQUITY CAPITAL FACE VALU

1714360160 EQUITY CAPITAL =F.V*NO.OF SHARES

 3428400000
2.00
16.2054 27781900000

2778.19

IN THE SHARE CERTIFICATE

V*NO.OF SHARES
Particulars Mar'20 Mar'19 Mar'18 Mar'17 Mar'16
12
Liabilities 12 Months 12 Months 12 Months 12 Months
Months
Share Capital 342.87 342.87 342.87 342.87 342.87
Reserves & Surplus 2435.32 2420.52 2344.13 3354.28 3269.01
Net Worth 2778.19 2763.39 2687 3697.15 3611.89
Secured Loan 0 0 67.73 236.66 47.11
Unsecured Loan 895.7 833.58 355.29 0 175
TOTAL LIABILITIES 3673.89 3596.97 3110.02 3933.81 3834
Assets
Gross Block 1407.65 1357.8 1370.1 344.32 291.99
(-) Acc. Depreciation 274.48 300.49 302.44 256.74 248.32
Net Block 1133.17 1057.31 1067.66 87.58 43.67
Capital Work in Progress 1.13 13.65 0.04 0.92 11.47
Investments 1398.96 1397.95 1414.57 3392.33 3337.63
Inventories 0 0 0 0 0
Sundry Debtors 504.7 331.6 275 180.27 197.63
Cash and Bank 8.66 4.65 2.58 7.44 13.1
Loans and Advances 1111.19 1116.18 671.16 474.69 594.65
Total Current Assets 1624.55 1452.43 948.74 662.4 805.39
Current Liabilities 433.41 276.78 282 189.85 349
Provisions 50.51 47.59 38.99 19.57 15.16
Total Current Liabilities 483.92 324.37 320.99 209.42 364.16
NET CURRENT ASSETS 1140.63 1128.06 627.75 452.98 441.23
Misc. Expenses 0 0 0 0 0

TOTAL ASSETS(A+B+C+D+E) 3673.89 3596.97 3110.02 3933.81 3834

2778.19 sum of share capital +reserve and surplus = net worth
the net worth has been declining over the period of 2019 -2020.

3673.89
total liabilities = net worth +secured loan +unsecured loan s
 1000000
ebit 10000000
ebit 10000000 less iterest 0
roa 0.125 ebt 10000000
cp 0.4 lesscp 4000000
chance 0.15 eat
12000000 fv
debt 20000000 pv tc
rate 0.06 less pv
mv of l firm
pv of bc 14400000

value of the firm levered

ebit 10000000 ebit 10000000

less iterest 0 int 1200000
ebt 10000000 ebt 8800000
lesscp 4000000 tax
eat 6000000
fv 48000000
pv tc 120000000
less pv 40000000
mv of l fir 2,00,00,000
 ALL EQUITY LEVERED
no of share 10000000 EBIT 50000000 50000000
cmp 40 LESS INT 0 6500000
ebit 50000000 PAI 50000000 43500000
issue 100000000 NO.OF S 10000000 7500000
interest 7% EPS 5 5.8
CMP 40 40
ROE 13% 15%
33%
DEBT/TO EQUITY

BREAK EVEN LEVEL 43500000

5.8

EBIT -I)*(1.0-TR)NO OF SHARES

share 250 we can not perfectly hedge a portfolio
price 2284
total value 571000 long

to hedge you need to take a short position in futures market

fut. Price 2285

lot size 250
contract value 571250

hedged value = portfolio beta *total portfolio investemnt

calculating beta in MS excel

use = slope

daily return = (today closing price /previous closing price )-1

ot perfectly hedge a portfolio

total portfolio investemnt

 tototal captal employed

5000000
eq. share 100
no.of share 50000

CMP 33
NO.OF SHARE 1000000
MWGG 10000 30 PER SHARE

REOURCHASE 100000
AT 35

INCREASE 1
34

FALL BACK 33.5

PTAX 15.00%
ON DIVI PAYMENTS AND CAPITAL GAIN

AFTER TAX RETURN

BUY 30
SELL 35
NO.OF SHARE 10000
TAX 15.00%

TOTAL VALUE 350000

300000
50000 16.66667
AFTER TAX 42500 14.16667

pro rata basis

100000 to buy back 100000

shares held buy maggie 10000
10
from maggie company will buy back 1000

c) 900000
1.1%
 1.25%

divi/ cmp

1.5

eat 50000000
20000000
eq/ot 40000000
cmp 31.25
pay out r
dps/eps
eps 1.25
dps 0.5
0.4

b nominal divi 50 cents as no other info given in the problem

c qtrly divi 12.5

160%

cmp 60
share 100
value 6000
divi 5 500
cmp new 64.5 6450

gross 45000%
950
15.83333

after tax 142.5

14
divi 50% of earnings
eat 30000000
15000000
 no share out 15000000
growth rate 0.05
r 0.12

gordans dividend model

p=d/r-g 8.7

15 earnings 60000000 2009

63000000 2010
share out 20000000
40 % of its earnings 0.4
growth rate 5.00%
return 10%

a current divi 24000000

1.2

1.26
D1= D0 *1+G

B 2520%