OBJECTIVE

The primary objectives of this comparative financial statement analysis project for Havells
India Ltd are as follows:

 Evaluate Financial Performance: Assess the financial health of Havells India Ltd by
analyzing its financial statements over multiple years. Determine the company's
growth and stability based on key financial indicators.
 Identify Trends and Patterns: Identify trends and patterns in Havells India Ltd's
financial statements to understand how its financial position has evolved. Determine if
the company's financial performance has been consistent or subject to significant
changes.
 Analyze Key Financial Ratios: Calculate and analyze various financial ratios to assess
liquidity, profitability, solvency, and efficiency. Understand the factors contributing
to the company's financial performance.
 Enhance Decision-Making: Equip investors, financial analysts, and business
professionals with valuable information to make data-driven investment decisions and
strategic choices regarding Havells India Ltd.

This project's objectives are designed to provide a comprehensive evaluation of Havells India
Ltd's financial position, performance, and prospects, offering a foundation for informed
decision-making and strategic planning.
 A LIVE PROJECT ON
‘COMPARATIVE FINANCIAL STATEMENT ANALYSIS OF ’
DALMIA BHARAT LTD.
SUBMITTED BY
SAIKAT DEB NATH
ID NO :- 23IUT160032
PROGRAM- MBA 1ST YEAR
COURSE CODE- INM571
SUBJECT- ACCOUNTS FOR MANAGERS
GUIDED BY- PROF. TAMLADIPTA SEN

ICFAI UNIVERSITY TRIPURA

Kamalghat, Mohanpur, Tripura- 799210
 INTRODUCTION

In today’s dynamic and highly competitive business environment, the ability to

understand and interpret financial data is a crucial skill for both investors and
management teams. Comparative financial statement analysis is a powerful tool
that enables stakeholders to asses a company’s performance overtime, uncover
trends, and make informed decisions. This live project focuses on the
comparative financial analysis of Dalmia Bharat Ltd, is one of India’s
pioneering homegrown cement companies. By examining Dalmia Bharat Ltd,
financial performance over multiple years, this analysis aims to provide
valuable insights into the company’s financial health, growth, prospects, and its
position within the industry.

Dalmia Bharat Group is an Indian conglomerate, which traces its origins to the
businesses established by brothers Ramkrishna Dalmia and Jaidayal Dalmia in
eastern India in the first half of the 20th century. Understanding its financial
performance is not only essential for potential investors seeking to make
informed investment decisions but also for the company’s management to gauge
the effectiveness of their strategic decisions and identify areas for improvement.

The project will serve as a valuable resource for investors , financial analysts
and business professionals looking to gain deeper insights into Dalmia Bharat
Ltd.’s financial performance and to make data driven decisions. It is our goal to
provide a clear and informative perspective on the company’s financial stability,
growth potential , and its positioning in the competitive electrical equipment
industry.
 METHODOLOGY

 DATA TYPE - Secondary Data

 Method used - Comparative Financial statement Analysis
 Software used – Microsoft word, Microsoft Excel
 COMPANY PROFILE

1.
 BALANCE SHEET OF DALMIA BHARAT LTD
PARTICULARS 2022-2023 (in Cr) 2021-2022 (In Cr) Absolute change Relative change

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS
Equity Share Capital 37 37 0 0.00%
TOTAL SHARE CAPITAL 37 37 0 0.00%
Reserves and Surplus 7,799.00 7,935.00 -136 -1.71%
TOTAL RESERVES AND SURPLUS 7,799.00 7,935.00 -136 -1.71%
TOTAL SHAREHOLDERS FUNDS 7,848.00 7,993.00 -145 -1.81%
NON-CURRENT LIABILITIES 0 #DIV/0!
Long Term Borrowings 0 0 0 #DIV/0!
Deferred Tax Liabilities [Net] 31 56 -25 -44.64%
Other Long Term Liabilities 2 3 -1 -33.33%
Long Term Provisions 35 33 2 6.06%
TOTAL NON-CURRENT LIABILITIES 68 92 -24 -26.09%
CURRENT LIABILITIES 0 #DIV/0!
Short Term Borrowings 0 0 0 #DIV/0!
Trade Payables 3 3 0 0.00%
Other Current Liabilities 20 20 0 0.00%
Short Term Provisions 8 6 2 33.33%
TOTAL CURRENT LIABILITIES 31 29 2 6.90%
TOTAL CAPITAL AND LIABILITIES 7,947.00 8,114.00 -167 -2.06%
ASSETS 0 #DIV/0!
NON-CURRENT ASSETS 0 #DIV/0!
Tangible Assets 68 72 -4 -5.56%
Intangible Assets 0 0 0 #DIV/0!
Capital Work-In-Progress 0 0 0 #DIV/0!
Other Assets 0 0 0 #DIV/0!
FIXED ASSETS 68 72 -4 -5.56%
Non-Current Investments 7,294.00 7,492.00 -198 -2.64%
Deferred Tax Assets [Net] 0 0 0 #DIV/0!
Long Term Loans And Advances 340 314 26 8.28%
Other Non-Current Assets 79 77 2 2.60%
TOTAL NON-CURRENT ASSETS 7,781.00 7,955.00 -174 -2.19%
CURRENT ASSETS 0 #DIV/0!
Current Investments 52 29 23 79.31%
Inventories 0 0 0 #DIV/0!
Trade Receivables 13 9 4 44.44%
Cash And Cash Equivalents 85 6 79 1316.67%
Short Term Loans And Advances 0 98 -98 -100.00%
OtherCurrentAssets 16 17 -1 -5.88%
TOTAL CURRENT ASSETS 166 159 7 4.40%
TOTAL ASSETS 7,947.00 8,114.00 -167 -2.06%
 PROFIT AND LOSS ACCOUNT OF DALMIA BHARAT LTD
Particulars 2022-2023 (in Cr) 2021-2023 (in cr) Absolute Change Relative Change

INCOME
REVENUE FROM OPERATIONS [GROSS] 132 135 -3 -2.22%
Less: Excise/Sevice Tax/Other Levies 0 0 0
REVENUE FROM OPERATIONS [NET] 132 135 -3 -2.22%
TOTAL OPERATING REVENUES 132 135 -3 -2.22%
Other Income 200 214 -14 -6.54%
TOTAL REVENUE 332 349 -17 -4.87%
EXPENSES 0
Cost Of Materials Consumed 0 0 0
Purchase Of Stock-In Trade 0 0 0
Operating And Direct Expenses 0 0 0
Changes In Inventories Of FG,WIP And Stock-In Trade 0 0 0
Employee Benefit Expenses 84 90 -6 -6.67%
Finance Costs 3 4 -1 -25.00%
Depreciation And Amortisation Expenses 6 6 0 0.00%
Other Expenses 34 24 10 41.67%
TOTAL EXPENSES 127 124 3 2.42%
PROFIT/LOSS BEFORE EXCEPTIONAL, EXTRAORDINARY ITEMS AND TAX 205 225 -20 -8.89%
Exceptional Items 0 -30 30 -100.00%
PROFIT/LOSS BEFORE TAX 205 195 10 5.13%
TAX EXPENSES-CONTINUED OPERATIONS 0
Current Tax 11 6 5 83.33%
Less: MAT Credit Entitlement 0 0 0
Deferred Tax -1 -5 4 -80.00%
Tax For Earlier Years 0 11 -11 -100.00%
TOTAL TAX EXPENSES 10 12 -2 -16.67%
PROFIT/LOSS AFTER TAX AND BEFORE EXTRAORDINARY ITEMS 195 183 12 6.56%
PROFIT/LOSS FROM CONTINUING OPERATIONS 195 183 12 6.56%
PROFIT/LOSS FOR THE PERIOD 195 183 12 6.56%