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CERTIFLCATE
Thig fs to certify that
Prahlod Hegde oF class C
of Apeejay Schaal, Kharghar
has camp>e ted thisproec+
wnder sur supervis{on ond hass
+oken prapeC Care and disploycd
utmost sincerity in completRod
Of thEs prole ok

Oundaram

FOR EDUCATIONAL USE

0000000000000006
 AcKNOwLE DGEMENT

I would fke to ecpress my

a t t u d e . to my eacher
NiK?ta Bagle" sho 90ve me
he
he mazing oppartun?Y to da
thta sondeful proje et
Secoodtu, T wOud Uke to thnan k
parents and riendg oha
h ped me a lat in ooMpletina
hig pratect withla the fm? te
me frame.

Oundara
FOR EDUCATIONAL USE

0000000000009000000000000090000090
 LIQUTO RATIOS
Curcent Ratio >Curcent Assets
Curren+ LtabilRÁtes
2018 35400,000 1:20 |L
2,4,60,000

201a 115,0o,000 :77

4,37,0o,000
2LiauidRatia Auias Asset
V
Current \fabîI es

201 234.00,aoo 0.20 1

2,14,00,0o
2019 5:0,00,000 33 4
3,37,00, aoa

undaram
FOR EDUCATIONAL USE
 3

CoMMENTS
Cuccent Ratto Curreot tatio
of 20 19 is more than the year
2018. In the year e 2018,*he
Company may have faced3
dtfffeutty n meeting its shoct
erm(fabtfty on + t e .
2014
Tmprovement h the year
to 77:L S a sfqn{{icant
improvemeot.

2 Liasafd Ratio Tt is observed

that the qutd otio S also
n the Same pattern as t h e
Current rotlo LRqufd catto ts alsd
MAfe n 2019 and 2012. So, in
he year 294,*he companuA
he
shou ld beto ttg
oble mee
nanLtal cemmitmeotg on *ime

undaramD
FOR EDUCATIONAL USE
 SoLVENCY RATiOS
Debt to EqultRatioDekt
Equrty
2018 - 55.00,000 .18:1
2, 84,50,000
2014 2.35 o0,O0o-0.67:L
3,50 00,000

2)Tatat ASset to Tatal Asset

Debt Ratto Debt

2018 64550,0a0 73 U

2019 10,22,00,000 4:34

2,35,0o,000

Prpritocy Ratio ShateholdersFund

Total ASSets
2018 23950,000 0:44
o5, 5o,00a

to,22,0o,O0

undaramD
FOR EDUCATIONAL USE
 CoMMENTS

De bt to Eutty Rotio
I t can be obäerved that înthe
yeac 2018the debt to equit
Tàtio is lou and a n 20194
e duces oîth siqa?flcant amOunt
whieh shows the company is
legs dependent an ixternal
yer
very
fuods, that sheus t h ecampany
not ustnaA ac acaulgtina
+he f i n abce Cequirement
ecoper
2 Total Assegts to Dest Ratio
T+ can be obserred that Ahere
uos a rfse a total asset to debst
rotioi n2018 ahfeh i s goad
ndteotoc of highec safety for
endeS as well as eosy auatlabitit
f loan but n the year 2019,the
ratfo dcops with huqe am ount
bn ean lower safet for
lendets.

undaramD
FOR EDUCATIONAL USE
 2

3 Praprietory Ratiob
The propctetory ratio s h o s s
The
thatthe contributlan of
Stoer hotders in total capital_
afthe aon pany In 2013 he
ratia ts higher 4han 2La, tt
f'ndfcates a a stronq tnancialk
position of *he compan and
teater Securt+Reg o
reditors. But n 2OA, a lou
Tatfo tndiaates that Ahe
Companu s a l e a d y heauf\
dependiYa o n debts* for its
Opetat tons

undaramD
FOR EDUCATIONAL USE
 URNOvER KATIO
Lnventory turnover ratYo
CoSt ofaaads Sold
Av iuendsry
2018 I500o,o0o = 7:84 4Tmes

2014= 3,7S Ao,aaO=S 56 *imeS

S7,5o,000
2Trode Rece?vable tunaver radfo
Net aceAtt soleg
Trade feceivable

2018 e 12,600o OaA 6 :68 timeg

2014= \740,O0,Ooo =>3: 62S +imes

undaram
FOR EDUCATIONAL USE
3Trade payable
Nek
tunover Tatto
Cgedi* Puschase
Ayg Trade Payabe

218 8009000 - 3.57 times

2,24 ,OsO

2019> 50,60,O00 2-2 Aimes

3,32,0o,a00

Sundara
FOR EDUCATIONAL USE
 CoMAENTS
IoNentor Turnover Rotio.
Tnve Atory urnovec ratto ts
9 9 Rn {he yeos 2018,t+ hag3
decreosed to 554 lo the e a
2019. that means Company
Sarteed matntafng more gtock
*o Sale This houtd be analsed
seathe matntarng mote Stock
Pa requtred
that h e aom panyhos Inuegted.
more than Nequtted capital
Pnuentorfes.

22 Trade Recelvable Turnover Ratig

Tt Can be obgerved that n
the alven consecutiue ears, i4
ollRn tch shouus more
tnuestm n t In debtors +han
than
teautsed and nefftelency
inin
eolecAton.

undaram
FOR EDUCATIONAL USE
3)Trade Payable Turnaver Ratio
T+ is obserued that + hag negatiue
fall T greu due to ineffleienay
n aollectton a f payments from
debtoS and legs thuestment than 5
tequfted T h e a v e a g e pertod
(
also have n@aative. 9 touth and
has inereased n h e e a r 201S.
T+ results inneREtel~ney An
Poin a c k moneu Ao odtsidess
and olso shsw ineFtafensy
and Faa?lfy wock of Finocial
ManagementOF e osmpany.
The Company nay faL Ahe
probleM_ of deft *top.

undaramD
FOR EDUCATIONAL USE
PaoFLTABITY RATIOs

Gtrass toftt Ratio Gtto ssProflt x too

Revene from Operatton
2018 5l00,o0g xl O0 + 0 . 4 8 / . 5
12,60,00,o00
2014 8h5 00,000 x loo 44.7
11,40,00,00O
2 Net Protit Rotio ^Net profitydO
REO

2018 241000O. 0 0
L22,60,00,o00

7,40,O0,o00

27 o '/

undaramD
FOR EDUCATIONAL USE
3) Return on lnvestm ent
Earaing before Inttoay 2Dlvidend
Cop Eployes

2018 2,4100,000 xlOO

345,S0,00o

201 A70,0o00a x OO
5,85,0o, OO0
80-3

wndara
FOR EDUCATIONAL USE
S

CoMMENTS
Gtrass Proftt Ratla
Revenue Fromoperatlong ehoug
StanitCant arouth uoith e a c h
ther Also SiantFRcant n e r e a g e
n gtoss prottt totto and n e t
proftt ratfo that_ meang both
he dtrect eepenses and t h e
Rndfrec expenses has decreaSedh
in coMParsion to the preuiOuS
eors.This dS o good s?an o r the
ompond-
Returo On TovestMent
Re turn on Rnvestment sho uog t h e
ovetal perfrmance af_the
enter prise, It meang nou eftaieHO
the
h e tesources atthe businesss
Gse used. since the nek praft
efoTe interest and tax (ncseases
ith fan rates +han iestmeot.
T+ Can be easiludetected that
he souteeS oF Ahe Company
T e used moce eFfidentty
I t ts a good slan toc
the Compon

undaran
FOR EDUCATIONAL USE
 CON CLUSLON

On a fnal note,I would ke to

Cnel ude that_HIMALAYA DRUG
LTD. hag a decent t{nanclal
managaemen

There f s stll need for improvement|

ond further Strengthenfng of fts
fnanclal pos?tion
Conducting RATOANALYSIS"_
oF the conc rn \hove absenes
that +he FollouAna aseas or ?tem |
neede.d Special attntioo -
Proper uttlfsSotion of ResourceS
2 Timeyusing curent ose*s
Ineresina retura on capitall
OssetS
Averoge callec4ion period should
be m>nimized._
Prapef utilisotfon oi uorking
Copital

SundaramD
FOR EDUCATIONAL USE
0009002090009000002009000.090000090
 BIBLIO GRAPHY

Bo0kS
TS reusal (Anolusis of Financ?al
Staiemts)

INTERNET
www: analysisof finace coM
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TEACHER
Ntkita Bagle Mam

undara
FOR EDUCATIONAL USE

000009000000000000002000.00000,