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NATIONAL THERMAL POWER CORPORATION

FINANCIAL STATEMENTS ANALYSIS

COMPANY PROFILE
Type: Government Owned Public Enterprise Founded: 1975

Industry : Power Generation/Distribution Employees : 26,000 ( 2012 )
Current Share Price: Rs.147(BSE)

CURRENT SHARE HOLDING PATTERN .

29 2.3 13.Income Statement Analysis Mar-13 Total income Total Expenses 69.956.81 11.610.22 206.26 9.376.63 Mar-12 65.72 0.27 Profit Before Tax Reported Net Profit Public Share Holding(Crores) Earning Per Share (Rs) 16.19 26.814.137.44 28.804. crores .73 Debt equity Ratio 0.66 127.893.82 51.68 50.586.95 12.14 15.08 Increase(%) 5.69 4.29 36.35 Note: All the figures are in Rs.24 61.

EXPENSES IN DETAIL Expenses Fuel Cost 8% 7% Employee benefits expense 6% Depreciation and amortisation Other expenses 79% .

07 206.58 561.92 3.738.702.2011 39.50 2.79 73.729.00 3.622.06 603.892.046.30 0.25 1.27 636.925.11 4.51 16.26 1.95 3.901.03.041.82 0.264.80 31.853.2011 8.15 89.812.95 2.754.245.47 211.89 41.11 2.291.01 7.BALANCE SHEET EQUITY AND LIABILITIES Shareholders’ funds Share capital Reserves and surplus 31.912.86 9.96 459.44 36.827.46 8.146.85 5.64 125.2012 45.03.03.06 854.88 101.045.46 65.434.113.735.2012 31.03.646.554.68 602.029.777.03 10.04 125.17 67.837.28 1.88 Deferred revenue Non-current liabilities Long-term borrowings Deferred tax liabilities (net) Other long-term liabilities Long-term provisions Current liabilities Trade payables Other current liabilities Short-term provisions TOTAL 45.52 140.12 1.62 17.73 8.639.832.908.86 38.93 4.583.837.71 59.883.84 3.762.89 35.430.371.9 42.88 .185.24 1.088.96 16.04 9.215.238.07 9.245.625.495.468.46 3.64 140.26 3.877.48 ASSETS Non-current assets Fixed assets Tangible assets Intangible assets Capital work-in-progress Intangible assets under development Non-current investments Long-term loans and advances Other non-current assets Current assets Current investments Inventories Trade receivables Cash and bank balances Short-term loans and advances Other current assets TOTAL 31.951.9 1.738.7 48.050.532.53 14.190.80 39.

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84 101.50 8.93 111.10 8.521.00 14.40 101.38 111.206.50 37.70 8.245. crores .562.521.807.245.46 43.629.629.245.50 34.90 120.388.10 7.848.797.338.36 10.50 Note: All the figures are in Rs.80 13.572.336.245.33 11.983.50 16.572.46 47.55 March 2010 19.60 93.567.945.562.188.70 7.236.10 93.720.80 March 2009 20.36 8.BALANCE SHEET March 2012 Net Current Assets Total Assets Current Liabilities 22.24 12.98 March 2011 21.20 Total Liabilities Equity Share Capital Total Debt Investments 120.344.439.896.

  CAPITAL WORK-IN-PROGRESS.The financial statements are prepared on accrual basis of accounting under historical cost convention in accordance with generally accepted accounting principles in India. the value of supplies received at site and accepted is treated as Capital Work-in-Progress. FIXED ASSETS – Tangible Assets are carried at historical cost less accumulated depreciation. Intangible assets are stated at their cost of acquisition less accumulated amortization.  FOREIGN CURRENCY TRANSACTIONS .In respect of supply-cum-erection contracts.Foreign currency transactions are initially recorded at the rates of exchange ruling at the date of transaction.ACCOUNTING POLICIES  BASIS OF PREPARATION. .

ACCOUNTING POLICIES  INVESTMENTS . Depreciation on the assets of the coal mining. cost determined on weighted average basis. 2.Current Investments are valued at lower of cost and fair value. INVENTORIES . oil & gas exploration and consultancy business. 1956. Depreciation on the assets of the generation of electricity business is charged on straight line method following the rates and methodology notified by the CERC Tariff Regulations. 1956. 2009 in accordance with Section 616 (c) of the Companies Act. is charged on straight line method following the rates specified in Schedule XIV of the Companies Act. and net realizable value EXPENDITURE -   1.Inventories are valued at the lower of. .

67 crore) during April-June  Coal India.1 percent) in its net profit at Rs 2527. NTPC sign fuel supply pacts for 16 power plants The coal ministry has directed Coal India Ltd to sign fuel supply agreements for about 78000 mw to ensure committed supply of coal to power sector.RECENT HAPPENINGS  NTPC reports flat Q1 profit NTPC reported marginal increase (1.02 crore (Rs 2498.  NTPC net dips on weak electricity demand  NTPC SHARES : IS IT THE CORRECT TIME TO BUY ?? .

90 Earnings Per Share(EPS) 15.00 12.30 11.24 24.RETURN ON INVESTMENT Mar – 13 Mar – 12 Increase (%) Return on Net worth 15.73 .19 36.

17 -16.82 2.08 Interest Coverage Ratio 9.LIQUIDITY AND SOLVENCY Mar – 13 Mar – 12 Increase (%) Current Ratio 1.06 Debt equity Ratio 0.96 -16.70 0.02 16.32 8.10 Quick Ratio 1.25 .67 6.64 1.

98 .00 13.65 19.95 22.PROFITABILITY Mar – 13 Mar – 12 Increase (%) Gross profit margin 21.92 PBITDA margin 31.68 Net profit margin 18.34 14.84 25.22 28.

33 14.EFFICIENCY/TURNOVER Mar – 13 Overall Efficiency Ratio 0.29 .63 -8.17 Fixed Assets Turnover Ratio 0.5 Debtors Turnover Ratio 12.51 -3.11 15.86 Increase (%) -3.54 -8.95 17.19 Creditors Turnover Ratio 13.29 Inventory Turnover Ratio 16.83 Mar – 12 0.81 11.57 0.

ADANI POWER LIMITED FINANCIAL STATEMENTS ANALYSIS .

35.COMPANY PROFILE Type: Private Power Business Wing Founded: 1996 Industry : Thermal/Solar Power Production Employees : 2000 ( 2011 ) Current Share Price: Rs.25(BSE) .

COMPANY PROFILE  India's largest private thermal power producer with capacity of 5280 MW and also it is the largest solar power producer of India with capacity 40MW  Head office at Ahmadabad. Maharashtra   As of January. Gujarat and Vineet S Jain being the current CEO  Currently operates 5 supercritical boilers of 660MW each (as per March 2012) at Mundra Gujarat & One 660MW out of 05 units at Tirora. 2011. 6500MW of thermal power is under implementation and planning stage Mission is to achieve 20000 MW by 2020 .

52 Earnings Per Share(EPS) -8.18 .94 -4.32 -518.84 -766.RETURN ON INVESTMENT Mar – 13 Mar – 12 Increase (%) Return on Net worth -41.16 -1.

19 Interest Coverage Ratio 0.38 Debt equity Ratio 5.62 -49.LIQUIDITY AND SOLVENCY Mar – 13 Mar – 12 Increase (%) Current Ratio 0.55 0.11 Quick Ratio 0.22 -90.11 1.68 -19.11 29.98 .31 4.82 1.

36 17.22 -130.76 PBITDA margin -4.57 Net profit margin -28.PROFITABILITY Mar – 13 Mar – 12 Increase (%) Gross profit margin -5.42 -130.96 16.42 -6.93 -310.10 .

EFFICIENCY/TURNOVER Mar – 13 Mar – 12 Increase (%) Fixed Assets Turnover Ratio 0.94 .17 Debtors Turnover Ratio 11.12 23.57 Inventory Turnover Ratio 5.82 3.01 4.27 9.24 -4.23 0.