Balance Sheet as on March 31st 2021

Amount (in lakhs)

SUPREME NILKAMAL NATIONAL PLASTICS
I. Assets
1. Non-current assets
(a) Property, plant and equipment 163616 62653 3468
(b) Capital Work in progress 5080 1842 1
(c) Intangible assets 7812 769 0
(d) Intangible assets under development 22 0 0
(e) Financial Assets
(i) Investment in associates and subsidiary 33119 1871 0
(ii) Other investments 540 43 1
(iii) Deposits 2019 0 0
(iv) Loans 108 2284 0
(v) Other financial assets 0 386 22
(f) Other non-current assets 9320 2653 473
Total non-current assets 221636 72502 3965

2.Current Assets
(a) Inventories 76077 49796 2596
(b) Financial assets
(i) Investment 0 1572 0
(ii) Trade receivables 38983 30809 2039
(iii) Cash and cash equivalents 76152 3108 300
(iv) Other Bank Balances 688 5945 0
(v) Deposits 492 0 0
(vi) Loans 165 797 0
(vi) Other financial Assets 54 1738 0
(c) Income tax assets (net) 0 634 0
(d) Other Current assets 13981 5479 504
(e) Assets held for disposal 2 0 0
Total Current assets 206594 99878 5440
Total Assets 428230 172380 9405
II. Equity and Liabilities
1.Equity
(a) Equity share capital 2541 1492 913
(b) other equity 314380 112445 2070
(c) Non controlling interests 0 104 0
Total Equity 316921 114042 2983
2.Liabilities
(1) Non-current liabilities
(a) Financial Borrowings
(i) Borrowings 61 2854 1188
(ii) Deposits 430 0 0
(iii) Other financial liabilities 2566 21829 585
(b) Provisions 2242 657 0
(c) Deferred tax liabilities(Net) 9192 1273 260
(d) Employee benefit obligation 0 0 58
(e) other non-current liabilities 0 0 153
Total Non-current liabilities 14491 26613 2244

(2) Current Liabilities

(a) Financial liabilities
(i) Borrowings 0 218 2407
(ii) Trade payables 64616 19257 864
(iii) Deposits 87 0
(iii) Other financial liabilities 13897 6608 705
(b) Other current liabilities 16824 4471 39
(c) Employee benefit obligation 0 0 6
(d) Provisions 741 1121 156
(e) Income tax liabilities (Net) 653 49 0
Total current liabilities 96818 31725 4178
Total Equity and Liabilities 428230 172380 9405

Income Statement as on 31st March 2021

 (In Rs lakh)
SUPREME NILKAMAL NATIONAL PLASTICS

INCOME
Revenue from operations 635706 209220 7645
Other Income 427 1602 136
Total Revenue 636133 210822 7781
EXPENDITURE
Cost of materials consumed 376436 77937 4994
Purchase of traded Goods 12357 41833 0
Changes in Inventories of finished goods, Semi fin 15053 -2050 -106
Employee benefits expense 31036 17387 541
Finance costs 950 2353 277
Depreciation and amortization expense 21279 9716 261
Other expenses 72399 48799 1666
Total Expenses 529510 195976 7635
PROFIT BEFORE TAX AND EXCEPTIONAL 106623 14847 146
Shares of profits in joint ventures 14599 166 0
PROFIT BEFORE TAX 121222 15012 146
TAX EXPENSES
Current tax 27472 3895 0
Deferred tax -4064 -198 -91
Total Tax 23408 3698 -91
PROFIT AFTER TAX 97814 11315 238
EARNINGS PER SHARE
Basic & diluted earnings per share 77 75.68 2.6
Additional Information
Face Value of Share (Rs.) 2 10 10
Market Value of Share (as on 18/09/2021) in Rs. 2223.2 2894.25 36.3
Last Year revenue from Operations 551154 225719.18 11419.39

Question 1
Market Price Per Share 2223.20 2894.25 36.30
Book Value of Equity Shares 2541.00 1492.25 912.96
Face Value of Equity Shares 2.00 10.00 10.00
No. of Equity Shares 1270.50 149.23 91.30
Book Value of Total Equity 316921.00 113937.50 2982.72
Book Value Per Share 249.45 763.53 32.67
Earning Per Share 77.00 75.68 2.60
P/E Ratio 28.87 38.24 13.96
P/BV Ratio 8.91 3.79 1.11
In terms of P/E ratio nilkamal is getting better valuation while in terms of price to book supreme futurnitur is doing better

Question 2
Growth in Revenue from operations 15.34% -7.31% -33.06%
Among all three Supreme has reported highest growth in revenue which is around 15% while National Plastic has registered a degrowth of 33.06%

Question 3
Revenue 636133 210822 7781
Cost of Material 403846 117720 4888
Employees Cost 31036 17387 541
Other Cost 72399 48799 1666
Total Operating Cost 507281 183906 7096
EBITDA 128852 26916 685
Less: Depreciation and Amortisation 21279 9716 261
EBIT 107573 17200 423
Less: Finance Cost 950 2353 277
EBT from business only 106623 14847 146
Add: Income from Associates and JV 14599 166 0
EBT 121222 15012 146
Effective Tax Rate 22.7% 25.9% 0.0%
Less: Tax 27472 3895.14 0
Net Income/PAT 93750 11117 146

EBITDA Margin 20.26% 12.77% 8.80%

EBIT Margin 16.91% 8.16% 5.44%
Supreme is having highest EBITDA and EBIT margin because employess cost and other expenses are far less than other two companies in supreme.

Question 4
EBIT Margin 16.91% 8.16% 5.44%
Asset Turnover 1.49 1.22 0.83
ROTA 25.12% 9.98% 4.50%
ROTA of supreme is highest because its margin as well as asset turnover ration is far better than its competitors

Question 5
Net Profit Margin 14.74% 5.27% 1.88%
Asset Turnover 1.49 1.22 0.83
Leverage 1.35 1.51 3.15
ROE 29.58% 9.75% 4.90%

Question 6
Inventory Turnover Ratio 8.36 4.23 3.00
Days Inventory 43.65 86.21 121.79
Debtors Turnover Ratio 16.32 6.84 3.82
Days Receiveables 22.37 53.34 95.65
Days Cash 0.00 0.00 0.00
Creditors Turnover Ratio 5.83 4.05 5.78
Days Payables 62.65 90.19 63.17
Cash Conversion Cycle 3.37 49.37 154.26
Supreme is managing its working capital effectively as its cash conversion cycle is just 3.37 dyas

Question 7
Debt 16524 31509 4886
Equity 316921 114042 2983
D/E Ratio 0.05 0.28 1.64
Interest Coverage Ratio 113.23 7.31 1.53
National Plastic is having highest leverage as its D/E ratio is highest and its not in comfortable situation as its interest coverage ratio is just 1.53.
Question 8
EBITDA Margin 20.26% 12.77% 8.80%
EBIT Margin 16.91% 8.16% 5.44%
Earning Growth 15.34% -7.31% -33.06%
ROE 29.58% 9.75% 4.90%
ROA 25.12% 9.98% 4.50%
Cash Conversion Cycle 3.37 49.37 154.26
D/E Ratio 0.05 0.28 1.64
Interest Coverage Ratio 113.23 7.31 1.53
P/E Ratio 28.87 38.24 13.96
P/BV Ratio 8.91 3.79 1.11
If we compare the fundamentals of these companies nilkamal seem a little bit overvalued company in term of P/E while supreme furniture seems undervalu

Question 9
If supreme furniture give 2 bounus share to one share then
Equity Share Capital 7623
Other Equity 309298

Question 10
Particulars Amount
Non-Current Assets 74677
Current Assets 105318
Total Assets 179995
Equity 113938
Minority Interest 1298
Non-current liabilities 28857
Current liabilities 35903
Total Liabilities 179995
wth of 33.06%

100% 100% 100%

63% 56% 63%
5% 8% 7%
11% 23% 21%
80% 87% 91%
20% 13% 9%
3% 5% 3%
17% 8% 5%
0% 1% 4%
17% 7% 2%
2% 0% 0%
19% 7% 2%
0% 0% 0%
4% 2% 0%
15% 5% 2%
nies in supreme.

is just 1.53.
niture seems undervalued company
 NATIONAL
SUPREME NILKAMAL
PLASTICS
Question 1
P/E Ratio 28.87 38.24 13.96
P/BV Ratio 8.91 3.79 1.11
In terms of P/E ratio nilkamal is getting better valuation while in terms of price to book
supreme futurnitur is doing better
Question 2
Growth in Revenue from operations -13.30% 7.89% 49.38%
Among all three national plastic has reported highest growth in revenue which is around 50%
while supreme registered a degrowth of 13.30%
Question 3
EBITDA Margin 20.26% 12.77% 8.80%
EBIT Margin 16.91% 8.16% 5.44%
Supreme is having highest EBITDA and EBIT margin because employess cost and other
expenses are far less than other two companies in supreme.
Question 4
ROTA 25.12% 9.98% 4.50%
ROTA of supreme is highest because its margin as well as asset turnover ration is far better
than its competitors
Question 5
Net Profit Margin 14.74% 5.27% 1.88%
Asset Turnover 1.49 1.22 0.83
Leverage 1.35 1.51 3.15
ROE 29.58% 9.75% 4.90%
Question 6
Days Inventory 43.65 86.21 121.79
Days Receiveables 22.37 53.34 95.65
Days Cash 0.00 0.00 0.00
Days Payables 62.65 90.19 63.17
Cash Conversion Cycle 3.37 49.37 154.26
Supreme is managing its working capital effectively as its cash conversion cycle is just 3.37
dyas
Question 7
Debt 16524 31509 4886
Equity 316921 114042 2983
D/E Ratio 0.05 0.28 1.64
Interest Coverage Ratio 113.23 7.31 1.53
National Plastic is having highest leverage as its D/E ratio is highest and its not in
comfortable situation as its interest coverage ratio is just 1.53.
Question 8
If we compare the fundamentals of these companies nilkamal seem a little bit overvalued
company in term of P/E while supreme furniture seems undervalued company
Question 9
If supreme furniture give 2 bounus share to one share then
Equity Share Capital 7623
Other Equity 309298

Question 10
Particulars Amount
Non-Current Assets 74677.018
Current Assets 105318
Total Assets 179995
Equity 113938
Minority Interest 1297.518
Non-current liabilities 28857
Current liabilities 35903
Total Liabilities 179995