Liquidity Ratios

Company- Dabur India Ltd.- Annual Report from 2008

As at 31st macrh As at 31st macrh

9 10 2010(Rs. In lakhs) 2009(Rs. In lakhs)
Current Assets 91,795.00 74,505.00
Inventories 29,844.00 26,172.00
Liquid Assets 61,951.00 48,333.00
Current Liabilities 43,206.00 33,121.00

Current Ratio (CA/CL) 2.12 2.25

Liquid Ratio (LA/CL) 1.43 1.46

As at 31st macrh As at 31st macrh

10 11 2011(Rs. In lakhs) 2010(Rs. In lakhs)
Current Assets 139,732.00 91,795.00
Inventories 46,059.00 29,844.00
Liquid Assets 93,673.00 61,951.00
Current Liabilities 92,384.00 43,206.00

Current Ratio (CA/CL) 1.51 2.12

Liquid Ratio (LA/CL) 1.01 1.43

As at 31st macrh As at 31st macrh

11 12 2012(Rs. In lakhs) 2011(Rs. In lakhs)
Current Assets 163,062.00 139,732.00
Inventories 52,857.00 46,059.00
Liquid Assets 110,205.00 93,673.00
Current Liabilities 107,742.00 92,384.00

Current Ratio (CA/CL) 1.51 1.51

Liquid Ratio (LA/CL) 1.02 1.01

As at 31st macrh As at 31st macrh

12 13 2013(Rs. In lakhs) 2012(Rs. In lakhs)
Current Assets 173,739.00 163,062.00
Inventories 49,974.00 52,857.00
Liquid Assets 123,765.00 110,205.00
Current Liabilities 115,844.00 107,742.00

Current Ratio (CA/CL) 1.50 1.51

Liquid Ratio (LA/CL) 1.07 1.02
 As at 31st macrh As at 31st macrh
13 14 2014(Rs. In crores) 2013(Rs. In lakhs)
Current Assets 1,969.85 173,739.00
Inventories 558.20 49,974.00
Liquid Assets 1,411.65 123,765.00
Current Liabilities 1,136.68 115,844.00

Current Ratio (CA/CL) 1.73 1.50

Liquid Ratio (LA/CL) 1.24 1.07

As at 31st macrh As at 31st macrh

14 15 2015(Rs. In crores) 2014(Rs. In crores)
Current Assets 1,572.32 1,969.85
Inventories 550.60 558.20
Liquid Assets 1,021.72 1,411.65
Current Liabilities 1,259.03 1,136.68

Current Ratio (CA/CL) 1.25 1.73

Liquid Ratio (LA/CL) 0.81 1.24

As at 31st macrh As at 31st macrh

15-16 2016(Rs. In crores) 2015(Rs. In crores)
Current Assets 1,952.45 1,572.32
Inventories 615.56 550.60
Liquid Assets 1,336.89 1,021.72
Current Liabilities 1,473.73 1,259.03

Current Ratio (CA/CL) 1.32 1.25

Liquid Ratio (LA/CL) 0.91 0.81

As at 31st macrh As at 31st macrh

16-17 2017(Rs. In crores) 2016(Rs. In crores)
Current Assets 1,784.44 1,952.45
Inventories 599.27 615.56
Liquid Assets 1,185.17 1,336.89
Current Liabilities 1,207.00 1,473.73

Current Ratio (CA/CL) 1.48 1.32

Liquid Ratio (LA/CL) 0.98 0.91

As at 31st macrh As at 31st macrh

17-18 2018(Rs. In crores) 2017(Rs. In crores)
Current Assets 1,957.84 1,784.44
 Inventories 704.79 599.27
Liquid Assets 1,253.05 1,185.17
Current Liabilities 1,234.48 1,207.00

Current Ratio (CA/CL) 1.59 1.48

Liquid Ratio (LA/CL) 1.02 0.98

As at 31st macrh As at 31st macrh

18-19 2019(Rs. In crores) 2018(Rs. In crores)
Current Assets 2,124.35 1,957.84
Inventories 732.90 704.79
Liquid Assets 1,391.45 1,253.05
Current Liabilities 1,518.27 1,234.48

Current Ratio (CA/CL) 1.40 1.59

Liquid Ratio (LA/CL) 0.92 1.02
ual Report from 2008-09 to 2018-19
Formulas used

Current Ratio = Current Assets/Current Liabilities

Liquid Ratio = Liquid Assets/Current Liabilities
Where Liquid assets = Current assets - Inventories

10 years average
Current Ratio (CA/CL) 1.54
Liquid Ratio (LA/CL) 1.04

-
- 2009 2010
Current Ratio 2.25 2.12
- Quick Ratio 1.46 1.43

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2011 2012 2013 2014
1.51 1.51 1.5 1.73
1.01 1.02 1.07 1.24

3.5

2.5

1.5

0.5

0
2009 2010 2011
 2015 2016 2017 2018
1.25 1.32 1.48 1.59
0.81 0.91 0.98 1.02

4
Quick Ratio
3.5 Current Ratio
3

2.5

1.5

0.5

0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
 2019
1.4
0.92

018 2019
 Solvency Ratios
Company- Dabur India Ltd.- Annual Report from

As at 31st macrh
9 10 2010(Rs. In lakhs)
Current Assets 91,795.00
Non-Current Assets 82,277.00
Debts 12,192.00
Profit before tax 52,703.00
Equity 74,938.00
EBIT 53,263.00
Finance Cost (Interest) 560.00

Debt/Equity ratio (Times) 0.16

Debt/Total Assets (Times) 0.07
Interest Coverage Ratio (Times) 95.11

As at 31st macrh
2011(Rs. In lakhs)
Current Assets 129,598.00
Non-Current Assets 102,871.00
Debts 27,484.00
Profit before tax 59,626.00
Equity 110,116.00
EBIT 60,919.00
Finance Cost (Interest) 1,293.00

Debt/Equity ratio (Times) 0.25

Debt/Total Assets (Times) 0.12
Interest Coverage Ratio (Times) 47.11

As at 31st macrh
2012(Rs. In lakhs)
Current Assets 163,062.00
Non-Current Assets 121,009.00
Debts 46,002.00
Profit before tax 58,703.00
Equity 130,327.00
EBIT 60,113.00
Finance Cost (Interest) 1,410.00

Debt/Equity ratio (Times) 0.35

Debt/Total Assets (Times) 0.16
Interest Coverage Ratio (Times) 42.63

As at 31st macrh
2013(Rs. In lakhs)
Current Assets 173,739.00
Non-Current Assets 109,050.00
Debts 7,467.00
Profit before tax 74,967.00
Equity 159,478.00
EBIT 76,807.00
Finance Cost (Interest) 1,840.00

Debt/Equity ratio (Times) 0.05

Debt/Total Assets (Times) 0.03
Interest Coverage Ratio (Times) 41.74

As at 31st macrh
2014(Rs. In crores)
Current Assets 1,969.85
Non-Current Assets 1,151.95
Debts 82.78
Profit before tax 861.33
Equity 1,902.34
EBIT 880.68
Finance Cost (Interest) 19.35

Debt/Equity ratio (Times) 0.04

Debt/Total Assets (Times) 0.03
Interest Coverage Ratio (Times) 45.51

As at 31st macrh
2015(Rs. In crores)
Current Assets 1,572.32
Non-Current Assets 2,116.04
Debts 93.14
Profit before tax 976.53
Equity 2,336.19
EBIT 986.42
Finance Cost (Interest) 9.89

Debt/Equity ratio (Times) 0.04

Debt/Total Assets (Times) 0.03
Interest Coverage Ratio (Times) 99.74
 As at 31st macrh
2016(Rs. In crores)
Current Assets 1,834.16
Non-Current Assets 2,595.57
Debts 127.23
Profit before tax 1,209.35
Equity 3,094.29
EBIT 1,219.61
Finance Cost (Interest) 10.26

Debt/Equity ratio (Times) 0.04

Debt/Total Assets (Times) 0.03
Interest Coverage Ratio (Times) 118.87

As at 31st macrh
2017(Rs. In crores)
Current Assets 1,784.44
Non-Current Assets 3,431.41
Debts 350.97
Profit before tax 1,294.35
Equity 3,657.88
EBIT 1,310.58
Finance Cost (Interest) 16.23

Debt/Equity ratio (Times) 0.10

Debt/Total Assets (Times) 0.07
Interest Coverage Ratio (Times) 80.75

As at 31st macrh
2018(Rs. In lakhs)
Current Assets 1,958.84
Non-Current Assets 3,853.86
Debts 351.36
Profit before tax 1,373.13
Equity 4,226.86
EBIT 1,395.02
Finance Cost (Interest) 21.89

Debt/Equity ratio (Times) 0.08

Debt/Total Assets (Times) 0.06
Interest Coverage Ratio (Times) 63.73
 As at 31st macrh
2019(Rs. In lakhs)
Current Assets 2,124.35
Non-Current Assets 3,454.43
Debts 91.69
Profit before tax 1,503.35
Equity 3,968.82
EBIT 1,533.15
Finance Cost (Interest) 29.80

Debt/Equity ratio (Times) 0.02

Debt/Total Assets (Times) 0.02
Interest Coverage Ratio (Times) 51.45
ur India Ltd.- Annual Report from 2008-09 to 2018-19

As at 31st macrh
2009(Rs. In lakhs)
74,504.46
82,045.79
16,945.75
42,499.59
73,819.67
43,833.14
1,333.55

0.23
0.11
32.87

As at 31st macrh
2010(Rs. In lakhs)
91,795.00
82,277.00
12,192.00
53,823.00
74,938.00
53,263.00
560.00

0.16
0.07
95.11

As at 31st macrh
2011(Rs. In lakhs)
129,598.00
102,871.00
27,484.00
62,212.00
110,116.00
60,919.00
1,293.00

0.25
 0.12
47.11

As at 31st macrh
2012(Rs. In lakhs)
163,062.00
121,009.00
46,002.00
61,523.00
130,327.00
60,113.00
1,410.00

0.35
0.16
42.63

As at 31st macrh
2013(Rs. In lakhs)
173,739.00
109,050.00
7,467.00
78,647.00
159,478.00
76,807.00
1,840.00

0.05
0.03
41.74

As at 31st macrh
2014(Rs. In crores)
1,969.85
1,151.95
82.78
900.03
1,902.34
880.68
19.35

0.04
0.03
45.51
As at 31st macrh
2015(Rs. In crores)
1,572.32
2,116.04
93.14
996.31
2,336.19
986.42
9.89

0.04
0.03
99.74

As at 31st macrh
2016(Rs. In crores)
1,834.16
2,595.57
127.23
1,229.87
3,094.29
1,219.61
10.26

0.04
0.03
118.87

As at 31st macrh
2017(Rs. In lakhs)
1,784.44
3,431.41
350.97
1,326.81
3,657.88
1,310.58
16.23

0.10
0.07
80.75
As at 31st macrh
2018(Rs. In lakhs)
1,958.84
3,853.86
351.36
1,416.91
4,226.86
1,395.02
21.89

0.08
0.06
63.73
2008-09 to 2018-19

Formulas used

Debt-Equity Ratio = Debt/ Equities

Debt to total assets ratio = Debts/Total Assets
Interest coverage ratio = EBIT/ Interest on debts
where EBIT= Earning/profit before interest and tax
and Interest on debts= finance cost

10 years average
Debt/Equity ratio (Times) 0.11
Debt/Total Assets (Times) 0.06
Interest Coverage Ratio (Times) 68.67

2009 2010 2011

Debt/Equity Ratio 0.23 0.16 0.25
Debt/Total Assest 0.11 0.07 0.12
Intrest Coverage Ratio 32.87 95.11 47.11

140
Intrest Coverage R
Debt/Total Assest
120
Debt/Equity Ratio

100

80

60

40

20

0
2009 2010 2011 2012 2
20

0
2009 2010 2011 2012 2
 2012 2013 2014 2015 2016 2017 2018 2019
0.35 0.05 0.04 0.04 0.04 0.1 0.08 0.02
0.16 0.03 0.03 0.03 0.03 0.07 0.06 0.02
42.63 41.74 45.51 99.74 118.87 80.75 63.73 51.45

Intrest Coverage Ratio

Debt/Total Assest
Debt/Equity Ratio

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
 Profitability Ratios
Company- Dabur India Ltd.- Annual Report from 2008-09 to 201

As at 31st macrh As at 31st macrh

2010(Rs. In lakhs) 2009(Rs. In lakhs)
Sales 285,687.00 239,616.00
COGS 141,339.00 116,186.16
Gross Profit 144,348.00 123,429.84
Operating Expenses 90,131.00 67,633.83

Operating Income 54,217.00 55,796.01

EBIT 53263.00 43833.14
Total Assets 87130.00 88652.00
Equity 74,938.00 73,819.67
No.of shares 749,380,000.00 864,907,642.00
EAT 43,333.00 37,355.26
Net Margin 19% 23%
Gross Margin 51% 52%
Operating Margin 19% 28%
Return on Equity 58% 76%
Return on Assets 61% 63%
Earning Per Share 5.78 4.32
Return on Investment 99% 67%
Current Liabilities 43,206.00 33,121.00
As at 31st macrh As at 31st macrh
2011(Rs. In lakhs) 2010(Rs. In lakhs)
Sales 326,437.00 285,687.00
COGS 157,742.00 141,339.00
Gross Profit 168,695.00 144,348.00
Operating Expenses 94,848.00 90,131.00
Operating Income 73,847.00 54,217.00
EBIT 60919.00 53263.00
Total Assets 137600.00 87130.00
Equity 110,116.00 74,938.00
No.of shares 1,101,160,000.00 749,380,000.00
EAT 47,141.00 43,333.00
Net Margin 23% 19%
Gross Margin 52% 51%
Operating Margin 29% 32%
Return on Equity 67% 72%
Return on Assets 54% 62%
Earning Per Share 4.28 5.78
Return on Investment 104% 99%
Current Liabilities 92,384.00 43,206.00
As at 31st macrh As at 31st macrh
2012(Rs. In lakhs) 2011(Rs. In lakhs)
Sales 375,933.00 326,437.00
COGS 202,009.00 157,742.00
Gross Profit 173,924.00 168,695.00
Operating Expenses 114,657.00 94,848.00
Operating Income 59,267.00 73,847.00
EBIT 60113.00 60919.00
Total Assets 284071.00 137600.00
Equity 130,327.00 110,116.00
No.of shares 1,303,270,000.00 1,101,160,000.00
EAT 46,324.00 47,141.00
Net Margin 16% 23%
Gross Margin 46% 52%
Operating Margin 30% 29%
Return on Equity 45% 67%
Return on Assets 21% 54%
Earning Per Share 3.55 4.28
Return on Investment 26% 104%
Current Liabilities 107,742.00 92,384.00
As at 31st macrh As at 31st macrh
2013(Rs. In lakhs) 2012(Rs. In lakhs)
Sales 434,939.00 375,933.00
COGS 231,417.00 202,009.00
Gross Profit 203,522.00 173,924.00
Operating Expenses 135,404.00 114,657.00
Operating Income 68,118.00 59,267.00
EBIT 76,807.00 60113.00
Total Assets 282,789.00 284071.00
Equity 159,478.00 130,327.00
No.of shares 1,594,780,000.00 1,303,270,000.00
EAT 59,098.00 46,324.00
Net Margin 16% 16%
Gross Margin 47% 46%
Operating Margin 31% 30%
Return on Equity 43% 45%
Return on Assets 24% 21%
Earning Per Share 3.71 3.55
Return on Investment 35% 26%
Current Liabilities 115,844.00 107,742.00
 As at 31st macrh As at 31st macrh
2014(Rs. In crores) 2013(Rs. In lakhs)
Sales 4,870.08 434,939.00
COGS 2,562.63 231,417.00
Gross Profit 2,307.45 203,522.00
Operating Expenses 1,535.62 135,404.00
Operating Income 771.83 68,118.00
EBIT 880.68 76,807.00
Total Assets 3,121.80 282,789.00
Equity 1,902.34 159,478.00
No.of shares 1,902,340.00 1,594,780,000.00
EAT 672.10 59,098.00
Net Margin 16% 16%
Gross Margin 47% 47%
Operating Margin 32% 31%
Return on Equity 41% 43%
Return on Assets 25% 24%
Earning Per Share 35.33 3.71
Return on Investment 34% 35%
Current Liabilities 1,136.68 115,844.00
As at 31st macrh As at 31st macrh
2015(Rs. In crores) 2014(Rs. In crores)
Sales 5,431.28 4,870.08
COGS 2,826.09 2,562.63
Gross Profit 2,605.19 2,307.45
Operating Expenses 1,732.66 1,535.62
Operating Income 872.53 771.83
EBIT 986.42 880.68
Total Assets 3688.36 3121.80
Equity 2,336.19 1,902.34
No.of shares 2,336,190.00 1,902,340.00
EAT 762.58 672.10
Net Margin 16% 16%
Gross Margin 48% 47%
Operating Margin 32% 32%
Return on Equity 37% 41%
Return on Assets 24% 25%
Earning Per Share 32.64 35.33
Return on Investment 31% 34%
Current Liabilities 1,259.03 1,136.68
As at 31st macrh As at 31st macrh
2016(Rs. In crores) 2015(Rs. In crores)
Sales 5,422.57 5,431.28
COGS 2,858.56 2,826.09
Gross Profit 2,564.01 2,605.19
Operating Expenses 1,538.76 1,732.66
Operating Income 1,025.25 872.53
EBIT 1219.61 986.42
Total Assets 4429.73 3688.36
Equity 3,094.29 2,336.19
No.of shares 3,094,290.00 2,336,190.00
EAT 937.26 762.58
Net Margin 19% 16%
Gross Margin 47% 48%
Operating Margin 28% 32%
Return on Equity 33% 37%
Return on Assets 23% 24%
Earning Per Share 30.29 32.64
Return on Investment 32% 31%
Current Liabilities 1,473.73 1,259.03
As at 31st macrh As at 31st macrh
2017(Rs. In crores) 2016(Rs. In crores)
Sales 5,369.84 5,422.57
COGS 2,858.78 2,858.56
Gross Profit 2,511.06 2,564.01
Operating Expenses 1,475.12 1,538.76
Operating Income 1,035.94 1,025.25
EBIT 1,310.58 1,219.61
Total Assets 5,215.85 4,429.73
Equity 3,657.88 3,094.29
No.of shares 3,657,880.00 3,094,290.00
EAT 998.33 937.26
Net Margin 19% 19%
Gross Margin 47% 47%
Operating Margin 27% 28%
Return on Equity 28% 33%
Return on Assets 20% 23%
Earning Per Share 27.29 30.29
Return on Investment 25% 32%
Current Liabilities 1,207.00 1,473.73
As at 31st macrh As at 31st macrh
2018(Rs. In crores) 2017(Rs. In crores)
Sales 5,609.00 5,369.84
COGS 2,902.69 2,858.78
Gross Profit 2,706.31 2,511.06
Operating Expenses 1,563.27 1,475.12
Operating Income 1,143.04 1,035.94
EBIT 1,395.02 1,310.58
Total Assets 5,812.70 5,215.85
Equity 4,226.86 3,657.88
No.of shares 4,226,860.00 3,657,880.00
EAT 1,072.05 998.33
Net Margin 20% 19%
Gross Margin 48% 47%
Operating Margin 28% 27%
Return on Equity 27% 28%
Return on Assets 20% 20%
Earning Per Share 25.36 27.29
Return on Investment 23% 25%
Current Liabilities 1,234.48 1,207.00
As at 31st macrh As at 31st macrh
2019(Rs. In crores) 2018(Rs. In crores)
Sales 6,273.19 5,609.00
COGS 3,257.51 2,902.69
Gross Profit 3,015.68 2,706.31
Operating Expenses 1,757.27 1,563.27
Operating Income 1,258.41 1,143.04
EBIT 1,533.15 1,395.02
Total Assets 5,578.78 5,812.70
Equity 3,968.82 4,226.86
No.of shares 3,968,820.00 4,226,860.00
EAT 1,264.29 1,072.05
Net Margin 20% 20%
Gross Margin 48% 48%
Operating Margin 28% 28%
Return on Equity 32% 27%
Return on Assets 23% 20%
Earning Per Share 31.86 25.36
Return on Investment 31% 23%
Current Liabilities 1,518.27 1,234.48
ual Report from 2008-09 to 2018-19
Formulas used

Operating Income= Gross profit-operating expenses

Net margin = (EBIT/Sales)*100
Gross margin = (Gross Profit/Sales)*100
Operating Margin = (Operating profit/sales)*100
Return on Equity= (EAT/Equity)*100

Return on Assets = (EBIT/Total Assets)*100

Earning Per Share = EAT/No.of Shares
Return on Capital = (PAT/Total Capital Employed)*100
where Capital Employed= Total Assets - Current Liabilities

10 years average
Net Margin
Gross Margin
Operating Margin
Return on Equity
Return on Assets
Earning Per Share
Return on Investment

Net Margin
Gross Margin
Operating Margin
Return on Equity
Return on Assest
Earning Per Share
Return On Investment

4000%

3500%

3000%

2500%

2000%

1500%

1000%
3000%

2500%

2000%

1500%

1000%

500%

0%
2009 2010 2011 2012 2013 2
 0.18
0.48
0.28
0.41
0.29
20.01
0.44

2009 2010 2011 2012 2013 2014 2015 2016 2017

23% 19% 23% 16% 16% 16% 16% 19% 19.00%
52% 51% 52% 46% 47% 47% 48% 47% 47%
28% 19% 29% 30% 31% 32% 32% 28% 27%
76% 58% 67% 45% 43% 41% 37% 33% 28%
63% 61% 54% 21% 24% 25% 24% 23% 20%
4.32 5.78 4.28 3.55 3.71 35.33 32.64% 30.29 27.29
67% 99% 104% 26% 35% 34% 31% 32% 25%

Return On Investment
Earning Per Share
Return on Assest
Return on Equity
Operating Margin
Gross Margin
 Return On Investment
Earning Per Share
Return on Assest
Return on Equity
Operating Margin
Gross Margin
Net Margin

0 2011 2012 2013 2014 2015 2016 2017 2018 2019

 2018 2019
20% 20%
48% 48%
28% 28%
27% 32%
20% 23%
25.36 31.86
23% 31%

vestment
hare
sest
uity
argin
vestment
hare
sest
uity
argin
 Efficiency Ratios
Company- Dabur India Ltd.- Annual Report from

As at 31st macrh
9 10 2010(Rs. In lakhs)
Revenue from Operations (Net Sales) 285,687.00
Cost of Revenue from Operations 141,339.00
Average inventories 28,008.00
Credit Revenue from Operations 285,687.00
Average Trade Receivables 12,142.00
Total Assets 87130.00

Inventory Turnover Ratio 5.05

Total Assets Turnover 3.28
Receivable Turnover 23.53

As at 31st macrh
10 11 2011(Rs. In lakhs)
Revenue from Operations (Net Sales) 326,437.00
Cost of Revenue from Operations 157,742.00
Average inventories 37,951.00
Credit Revenue from Operations 326,437.00
Average Trade Receivables 16,647.00
Total Assets 137600.00

Inventory Turnover Ratio 4.16

Total Assets Turnover 2.37
Receivable Turnover 19.61

As at 31st macrh
2012(Rs. In lakhs)
Revenue from Operations (Net Sales) 375,933.00
Cost of Revenue from Operations 202,009.00
Average inventories 49,458.00
Credit Revenue from Operations 375,933.00
Average Trade Receivables 21,331.50
Total Assets 284071.00

Inventory Turnover Ratio 4.08

Total Assets Turnover 1.32
Receivable Turnover 17.62

As at 31st macrh
2013(Rs. In lakhs)
Revenue from Operations (Net Sales) 434,939.00
Cost of Revenue from Operations 231,417.00
Average inventories 51,415.50
Credit Revenue from Operations 434,939.00
Average Trade Receivables 23,974.50
Total Assets 282,789.00

Inventory Turnover Ratio 4.50

Total Assets Turnover 1.54
Receivable Turnover 18.14

As at 31st macrh
2014(Rs. In crores)
Revenue from Operations (Net Sales) 4,870.08
Cost of Revenue from Operations 2,562.63
Average inventories 529.26
Credit Revenue from Operations 4,870.08
Average Trade Receivables 289.22
Total Assets 3121.80

Inventory Turnover Ratio 4.84

Total Assets Turnover 1.56
Receivable Turnover 16.84

As at 31st macrh
2015(Rs. In crores)
Revenue from Operations (Net Sales) 5,431.28
Cost of Revenue from Operations 2,826.09
Average inventories 554.40
Credit Revenue from Operations 5,431.28
Average Trade Receivables 330.96
Total Assets 3688.36

Inventory Turnover Ratio 5.10

Total Assets Turnover 1.47
Receivable Turnover 16.41
 As at 31st macrh
2016(Rs. In crores)
Revenue from Operations (Net Sales) 5,422.57
Cost of Revenue from Operations 2,858.56
Average inventories 583.08
Credit Revenue from Operations 5,422.57
Average Trade Receivables 379.74
Total Assets 4429.73

Inventory Turnover Ratio 4.90

Total Assets Turnover 1.22
Receivable Turnover 14.28

As at 31st macrh
2017(Rs. In crores)
Revenue from Operations (Net Sales) 5,369.84
Cost of Revenue from Operations 2,858.78
Average inventories 607.42
Credit Revenue from Operations 5,369.84
Average Trade Receivables 376.97
Total Assets 5215.85

Inventory Turnover Ratio 4.71

Total Assets Turnover 1.03
Receivable Turnover 14.24

As at 31st macrh
2018(Rs. In crores)
Revenue from Operations (Net Sales) 5,609.00
Cost of Revenue from Operations 2,902.69
Average inventories 652.03
Credit Revenue from Operations 5,609.00
Average Trade Receivables 327.30
Total Assets 5812.70

Inventory Turnover Ratio 4.45

Total Assets Turnover 0.96
Receivable Turnover 17.14
 As at 31st macrh
2019(Rs. In crores)
Revenue from Operations (Net Sales) 6,273.19
Cost of Revenue from Operations 3,257.51
Average inventories 718.85
Credit Revenue from Operations 6,273.19
Average Trade Receivables 376.40
Total Assets 5578.78

Inventory Turnover Ratio 4.53

Total Assets Turnover 1.12
Receivable Turnover 16.67
bur India Ltd.- Annual Report from 2008-09 to 2018-19

As at 31st macrh
2009(Rs. In lakhs)
239,616.00
116,186.16
23,143.17
239,616.00
10,641.22
88652.00

5.02
2.70
22.52

As at 31st macrh
2010(Rs. In lakhs)
285,687.00
141,339.00
28,008.00
285,687.00
12,142.00
87,130.00

5.05
3.28
23.53

As at 31st macrh
2011(Rs. In lakhs)
326,437.00
157,742.00
37,951.00
326,437.00
16,647.00
137,600.00

4.16
 2.37
19.61

As at 31st macrh
2012(Rs. In lakhs)
375,933.00
202,009.00
49,458.00
375,933.00
21,331.50
284,071.00

4.08
1.32
17.62

As at 31st macrh
2013(Rs. In lakhs)
434,939.00
231,417.00
51,415.50
434,939.00
23,974.50
282,789.00

4.50
1.54
18.14

As at 31st macrh
2014(Rs. In crores)
4,870.08
2,562.63
529.26
4,870.08
289.22
3,121.80

4.84
1.56
16.84
As at 31st macrh
2015(Rs. In crores)
5,431.28
2,826.09
554.40
5,431.28
330.96
3,688.36

5.10
1.47
16.41

As at 31st macrh
2016(Rs. In crores)
5,422.57
2,858.56
583.08
5,422.57
379.74
4,429.73

4.90
1.22
14.28

As at 31st macrh
2017(Rs. In crores)
5,369.84
2,858.78
607.42
5,369.84
376.97
5,215.85

4.71
1.03
14.24
As at 31st macrh
2018(Rs. In crores)
5,609.00
2,902.69
652.03
5,609.00
327.30
5,812.70

4.45
0.96
17.14
from 2008-09 to 2018-19

Formulas used

Inventory Turnover Ratio = Cost of Revenue from operations(COGS)/Average inventories

where Average inventories= (opening inventories+closing inventories)/2
Total Assets Turnover= Sales/Total Assets
Receivable Turnover = Net credit sales/Average Receivables
where average receivables= (opening debtors + Closing debtors)/2

10 years average
Inventory Turnover Ratio
Total Assets Turnover
Receivable Turnover
Days Investment

Dos

Inventory Turnover Ratio

Total Assest Turnover
Recivable Investment
 4.63
1.59
17.45
78.62 2009 2010 2011 2012 2013 2014 2015 2016

72.70 72.33 87.82 89.36 81.09 75.38 71.60 74.45

20.86 16.21 15.51 18.61 20.71 20.12 21.68 22.24 25.56

2009 2010 2011 2012 2013 2014 2015 2016 2017

5.02 5.05 4.16 4.08 4.5 4.84 5.1 4.9 4.71
2.7 3.28 2.37 1.32 1.54 1.56 1.47 1.22 1.03
22.52 23.53 19.61 17.62 18.14 16.84 16.41 14.28 14.24

35
Recivable Investment
30
Total Assest Turnover

25 Inventory Turnover Rati

20

15

10

0
2009 2010 2011 2012 2013 2014 2015
5

0
2009 2010 2011 2012 2013 2014 2015
 2017 2018 2019

77.55 81.99 80.55

25.62 21.30 21.90

2018 2019
4.45 4.53
0.96 1.12
17.14 16.67

Recivable Investment
Total Assest Turnover
Inventory Turnover Ratio

2013 2014 2015 2016 2017 2018 2019

2013 2014 2015 2016 2017 2018 2019
Company- Dabur India Ltd.- Annual Report from 2008-09 to 2018-19
Price Earning Valuation

As at 31st macrh 2010 As at 31st macrh 2009

Market Price of Share 82.60 47.48 Market Price of Share
Earning Per Share 5.78 4.32 Earning Per Share
P/E (MPS/EPS) 14.28 10.99 P/E (MPS/EPS)

As at 31st macrh 2012 As at 31st macrh 2011

Market Price of Share 106.60 94.60 Market Price of Share
Earning Per Share 3.55 4.28 Earning Per Share
P/E (MPS/EPS) 29.99 22.10 P/E (MPS/EPS)

As at 31st macrh 2014 As at 31st macrh 2013

Market Price of Share 177.15 130.85 Market Price of Share
Earning Per Share 35.33 3.71 Earning Per Share
P/E (MPS/EPS) 5.01 35.31 P/E (MPS/EPS)

As at 31st macrh 2016 As at 31st macrh 2015

Market Price of Share 249.90 262.75 Market Price of Share
Earning Per Share 30.29 32.64 Earning Per Share
P/E (MPS/EPS) 8.25 8.05 P/E (MPS/EPS)

As at 31st macrh 2018 As at 31st macrh 2017

Market Price of Share 324.85 274.15 Market Price of Share
Earning Per Share 25.36 27.29 Earning Per Share
P/E (MPS/EPS) 12.81 10.04 P/E (MPS/EPS)
As at 31st macrh As at 31st macrh
2011 2010 2019
94.60 82.60 P/E (MPS/EPS) 12.91
4.28 5.78
22.10 14.28

As at 31st macrh As at 31st macrh

2013 2012
130.85 106.60
3.71 3.55
35.31 29.99

As at 31st macrh As at 31st macrh

2015 2014
262.75 177.15
32.64 35.33
8.05 5.01

As at 31st macrh As at 31st macrh

2017 2016
274.15 249.90
27.29 30.29
10.04 8.25

As at 31st macrh As at 31st macrh

2019 2018
411.25 324.85
31.86 25.36
12.91 12.81
 Average for 4 Years

ITC NESTLE BRITANNIA

Current Ratio 2.26 1.66 1.277
Quick Ratio 1.4 1.09 0.81
Debt Equity Ratio 0.003 0.17 0.2
Debt Assest Ratio 0.0327 0.2 0.01
Inventory Coverage Ratio 623.3 231.58 482.43
Gross Profit Ratio 60 60 60
Operating Profit Ratio 31.88 17.28 10.43
Net Profit Ratio 21.52 12.21 6.99
Return On Equity 28.22 12.21 36.18
Return on Assest 21.35 44.23 21.18
Return on Investment 22.05 49.65 32.6
Earning Per Share 9.64 118.75 22.24
PE valuation 16.53 118.75 72.75
Inventory Turn Over Ratio 5.64 11.47 16.56
Days of Investment 66.05 31.92 22.52
Recivable Turnover Ratio 26.6 99.11 79.96
Total Assest Turnover Ratio 1.15 3.17 3.36
Dso 14.85 31.17 5.06
HUL AVERAGE
1.11 1.57675
0.77 1.0175
0.06 0.10825
0.12 0.090675
1644.37 745.42
60 60
17.58 19.2925
13.53 13.5625
59.66 34.0675
27.32 28.52
84.13 47.1075
11.44 40.5175
77.17 71.3
4.54 9.5525
85.82 51.5775
31.91 59.395
2.22 2.475
11.67 15.6875