indian automobile industry analysis.xlsx
TRANSCRIPT
LEVERAGEDOL 2007 2008 2009 2010
M&M 1.308841 0.24665 -1.684056Tata Motors 0.78497 0.443782 3.201778Maruti Suzuki 1.957492 0.500767 -3.105773Industry Average 1.350434 0.397066 -0.52935
DFL 2007 2008 2009 2010
M&M 0.802935 0.724615 1.5505Tata Motors 0.960792 2.921883 1.612558Maruti Suzuki 1.038718 1.001136 0.913744Industry Average 0.934149 1.549211 1.358934
DCL 2007 2008 2009 2010
M&M 1.050914 0.178726 -2.611128Tata Motors 0.754193 1.296678 5.163054Maruti Suzuki 2.033282 0.501336 -2.837883Industry Average 1.279463 0.658913 -0.095319
2011 20123.987124 0.770316
3.59099 -0.3364312.928814 -0.501713.502309 -0.022608
2011 2012
0.894195 1.1708350.810765 2.2438180.954138 0.6157160.886366 1.343457
2011 2012
3.565268 0.9019132.91145 -0.75489
2.794492 -0.3089113.090403 -0.053963
2008 2009 2010 2011 2012
-4
-3
-2
-1
0
1
2
3
4
5
DOL
M&MTata MotorsMaruti SuzukiIndustry Average
2008 2009 2010 2011 20120
0.5
1
1.5
2
2.5
3
3.5
DFL
M&MTata MotorsMaruti SuzukiIndustry Average
2008 2009 2010 2011 2012
-4
-3
-2
-1
0
1
2
3
4
5
6
DCL
M&MTata MotorsMaruti SuzukiIndustry Average
2008 2009 2010 2011 2012
-4
-3
-2
-1
0
1
2
3
4
5
6
DCL
M&MTata MotorsMaruti SuzukiIndustry Average
2008 2009 2010 2011 2012
-4
-3
-2
-1
0
1
2
3
4
5
DOL
M&MTata MotorsMaruti SuzukiIndustry Average
2008 2009 2010 2011 20120
0.5
1
1.5
2
2.5
3
3.5
DFL
M&MTata MotorsMaruti SuzukiIndustry Average
2008 2009 2010 2011 2012
-4
-3
-2
-1
0
1
2
3
4
5
6
DCL
M&MTata MotorsMaruti SuzukiIndustry Average
2008 2009 2010 2011 2012
-4
-3
-2
-1
0
1
2
3
4
5
6
DCL
M&MTata MotorsMaruti SuzukiIndustry Average
Liquidity Ratio RatioCurrent Ratio
Quick Ratio
Absolute Quick Ratio
Capital Structure RatioDebt Equit Ratio
Proprietory Ratio
Capital Gearing Ratio
Fixed Asset Ratio
Interest Coverage Ratio
Turnover RatioInventory Turnover Ratio
Debtors Turnover Ratio
Creditors Turnover Ratio
Fixed Assets Turnover Ratio
Total Assets Turnover Ratio
Profitability RatioGross Profit Ratio
Net Profit Ratio
Operating Profit Ratio
Operating Cost Ratio
Return on Capital Employed
Return on Net worth
Return on Equity
Return on Total Assets
EPS
DPS
Dividend Payout Ratio
Book Value of Share
Company / Year 2007 2008 2009 2010M&M 1.6610785802283 1.61591686191 1.5443048665564 1.2770664457594Tata Motors 0.7438391010696 0.7503898367026 0.7432690479354 0.7219476976779Maruti Suzuki 1.8166491043203 1.270531593188 0.9802644800836 1.3402252382327Industry Average 1.4071889285394 1.2122794306002 1.0892794648585 1.11307979389
M&M 1.1648087770741 1.1491376940981 1.0589798071395 0.9176388122867Tata Motors 0.4265328229572 0.4109880900199 0.5013901298213 0.3810218373621Maruti Suzuki 1.3703647950223 0.9871080693936 0.5589051006873 1.0741842333237Industry Average 0.9872354650179 0.8490779511705 0.7064250125494 0.7909482943242
M&M 0.3541315546912 0.3930723383645 0.2560394848361 0.3260333602143Tata Motors 0.1773152050052 0.1237049651532 0.2814155757678 0.1283099907908Maruti Suzuki 0.9972402027197 0.5719401559764 0.1567989067085 0.5737222061796Industry Average 0.5095623208053 0.3629058198314 0.2314179891041 0.3426885190616
M&M 1.9193153901489 2.1358956973931 2.0551699869015 2.0641075532099Tata Motors 0.4400960734966 0.5030811617704 0.8163571484626 1.8047707009807Maruti Suzuki 0.1272205275435 0.0924141868265 0.0579916773887 0.0661662467461Industry Average 0.8288773303963 0.9104636819967 0.9765062709176 1.3116815003122
M&M 0.2721600815627 0.239256764131 0.232592560594 0.2201810361703Tata Motors 0.3313286992489 0.299168620232 0.2415228088523 0.0758529012515Maruti Suzuki 0.6523545868499 0.6690443451358 0.6799577543605 0.6791848617176Industry Average 0.4186144558872 0.4024899098329 0.3846910412689 0.3250729330465
M&M 1.5832430745009 1.8554041249127 1.964145373502 2.1748662828186Tata Motors 1.0341921174421 1.2802796536605 1.8212445817003 7.150208659409Maruti Suzuki 0.29284048089 0.214472275744 0.2383187861506 0.1921006136765Industry Average 0.9700918909443 1.1167186847724 1.3412362471176 3.172391851968
M&M 0.2133868064183 0.2795178285225 0.3450829200661 0.3425405760182Tata Motors 0.5553411074264 0.464641330775 0.4747574160296 1.7946476955097Maruti Suzuki 0.2761540910538 0.3527044682519 0.3658544601968 0.41343570434Industry Average 0.3482940016328 0.3656212091831 0.3952315987642 0.8502079919559
M&M 41.782640949555 72.640909090909 17.060851695399 8.7582761705935Tata Motors 18.266926070039 15.252190594701 17.094180617242 3.7212806407249Maruti Suzuki 86.78431372549 61.300531914894 42.847315436242 33.858823529412Industry Average 48.944626915028 49.731210533501 25.667449249627 15.446126780243
M&M 4.8987966435853 4.7895921354547 4.0393932009474 4.1221070189159Tata Motors 8.5013179956792 9.9360191503451 9.1101192594954 3.7448761832022Maruti Suzuki 15.015516078255 18.921271149404 21.20583891855 22.041937449228Industry Average 9.4718769058398 11.215627478401 11.451783792998 9.9696402171155
M&M 3.4135992139863 3.3793617741026 2.783098392767 2.7153926112282Tata Motors 12.042566199817 13.426788862084 11.464151970409 5.1388334694039Maruti Suzuki 20.340505648198 19.538891997762 20.766415500538 17.14556429486Industry Average 11.932223687334 12.115014211316 11.671221954571 8.3332634584974
M&M 2.6374465499918 2.4417914920756 2.1916648905182 2.039710638124Tata Motors 4.7817045235458 5.0121549970123 3.5448434341181 1.4837950291238Maruti Suzuki 14.8510470792 13.920676619466 10.598192588092 7.4585152838428Industry Average 7.4233993842459 7.1248743695178 5.4449003042429 3.6606736503635
M&M 4.0423430058 2.6584560432412 2.0111398875658 1.9848404888716Tata Motors 4.8116570663754 5.7769137451992 4.3407560073071 0.9862125975809Maruti Suzuki 8.7186995619092 6.4668839828123 6.3549845776061 5.5578825036169Industry Average 5.8575665446949 4.9674179237509 4.2356268241597 2.8429785300231
M&M 0.6853401400751 0.5575256228358 0.4931703322583 0.4586924067504Tata Motors 1.2749848102188 1.2070136790453 0.9040584934133 0.3765471023933Maruti Suzuki 1.7704994790996 1.6670486230472 1.6725805307503 1.6639116696844Industry Average 1.2436081431312 1.1438626416428 1.023269785474 0.8330503929427
M&M 0.121431705311 0.1279789366721 0.1148203156875 0.0800824644996Tata Motors 0.1001433056549 0.0948910524952 0.0925574337178 0.0645295806024Maruti Suzuki 0.1170496919049 0.1320254324665 0.1203372099599 0.0736887474022Industry Average 0.1128749009569 0.1182984738779 0.1092383197884 0.0727669308348
M&M 0.0923948605561 0.0950652623262 0.0847782941996 0.0573249623503Tata Motors 0.065226897776 0.0617231024709 0.0625538388113 0.0356518085608Maruti Suzuki 0.0786171422527 0.089471875358 0.0815599494845 0.0520062986212Industry Average 0.0787463001949 0.0820867467183 0.0762973608318 0.0483276898441
M&M 0.121431705311 0.1279789366721 0.1148203156875 0.0800824644996Tata Motors 0.1001433056549 0.0948910524952 0.0925574337178 0.0645295806024Maruti Suzuki 0.1170496919049 0.1320254324665 0.1203372099599 0.0736887474022Industry Average 0.1128749009569 0.1182984738779 0.1092383197884 0.0727669308348
M&M 0.9691036156995 0.962048282287 0.9958616249077 0.9742209811339Tata Motors 0.9713431353434 0.9840971384204 0.9834532560418 1.0035646547854Maruti Suzuki 0.9196572607304 0.8932409210677 0.9279541213503 0.943094773766Industry Average 0.9533680039244 0.946462113925 0.9690896674333 0.9736268032284
M&M 0.1047448839164 0.0950993382738 0.079686450168 0.054447139006Tata Motors 0.2675940249913 0.2547058884648 0.1907429245283 0.1142111735082Maruti Suzuki 0.2818210760904 0.3011366605696 0.2797839472358 0.1693239983527Industry Average 0.2180533283327 0.2169806291028 0.183404440644 0.112660770289
M&M 0.2326641964249 0.2215248533556 0.1797569939982 0.1194222963281Tata Motors 0.2509993974885 0.2490255459871 0.2341490211285 0.1769818291343Maruti Suzuki 0.2133680244034 0.2229358452865 0.2006236162789 0.1274084451089Industry Average 0.2323438727723 0.2311620815431 0.2048432104685 0.1412708568571
M&M 0.2326641964249 0.2215248533556 0.1797569939982 0.1194222963281Tata Motors 0.2509993974885 0.2490255459871 0.2341490211285 0.1769818291343Maruti Suzuki 0.2133680244034 0.2229358452865 0.2006236162789 0.1274084451089Industry Average 0.2323438727723 0.2311620815431 0.2048432104685 0.1412708568571
M&M 0.0633219066757 0.0530013195884 0.0418101395187 0.0262945249474Tata Motors 0.0831633038821 0.0745006289955 0.056552329273 0.0134245852086Maruti Suzuki 0.1391916094066 0.149153966617 0.1364155835967 0.0865338871729Industry Average 0.0952256066548 0.0922186384003 0.0782593507961 0.042084332443
M&M 36.72236503856 44.884678401882 46.152591291254 30.843298364023Tata Motors 39.936264138129 49.652541713159 52.630869001297 19.776852590417Maruti Suzuki 82.290657439446 108.09688581315 119.7785467128 84.339100346021Industry Average 52.983095538712 67.544701976063 72.854002335118 44.986417100153
M&M 2.1036846615253 6.1924967441079 3.3567574350609 6.53070207615Tata Motors 2.9114750672622 5.4417832213198 6.5273670557717 7.8879788330966Maruti Suzuki 4.9826989619377 10.574394463668 11.543252595156 9.9653979238754Industry Average 3.3326195635751 7.4028914763652 7.1424590286628 8.1280262777073
M&M 0.0572861976432 0.1379646009416 0.0727317219065 0.2117381221383Tata Motors 0.072903040134 0.1095972740481 0.1240216469846 0.3988490482514
Maruti Suzuki 0.0605499957951 0.0978233034571 0.0963716200601 0.11815869369Industry Average 0.0635797445241 0.1151283928156 0.0977083296504 0.2429152880266
M&M 157.83419023136 202.61689702979 256.74990588531 258.27085320226Tata Motors 159.10900399655 199.38734203493 224.77509727626 111.74510223537Maruti Suzuki 385.67474048443 484.87889273356 597.03114186851 661.95847750865Industry Average 234.20597823745 295.62771059943 359.51871501003 343.99147764876
2011 20121.2496896928947 1.12966904069560.7181825002043 0.74482704897130.7840823499874 1.32368512196330.9173181810288 1.0660604038767
0.8709186477761 0.74693413123180.4470462356573 0.44535139969460.4416269143861 0.96783929543320.5865305992732 0.7200416087865
0.2921230555778 0.15596738168490.2095672593283 0.2330148974690.0453873406422 0.62542674781060.1823592185161 0.3381363423215
1.3641515702061 1.16887387987022.8754015514071 1.3321245146330.0344671909116 0.01943559208321.4246734375083 0.8401446621955
0.2802367045023 0.28055237341930.0933322968003 0.18398222415270.7173155279211 0.74575105148770.3636281764079 0.4034285496866
1.6572892319855 1.487212129285.7479219181919 2.27823380025270.1572406547043 0.09119562786542.5208172682939 1.2855471857993
0.3566207789446 0.48397279762451.063831819663 0.7964812354190.410339218409 0.3888283322707
0.6102639390055 0.5564274551048
2007 2008 2009 2010 2011 20120
0.20.40.60.8
11.21.41.61.8
2
Current Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.5
1
1.5
2
2.5
3
3.5
Debt Equity Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.5
1
1.5
2
Fixed Assets RatioM&MTata MotorsMaruti SuzukiIndustry Average
19.149505897354 50.6699125035285.3893766693994 3.9044877038006108.23880597015 128.4098360655744.259229512301 60.994745424301
5.1001092303294 4.88524961825443.0621808833907 3.811529500199726.625343198846 28.38117029257311.595877770855 12.359316470342
3.7743054141978 3.69914847199484.2372581752813 5.228796066026520.443063263041 29.2139775361039.4848756175067 12.713974024708
2.4328319750719 2.56767884348521.2458797795736 1.43422902780149.1931705540833 10.9489734299524.2906274362429 4.9836271004128
2.3847747596064 1.70669380159551.1271878808429 1.47000825924116.2331715429389 7.22262773722633.2483780611294 3.466443266021
0.563448652328 0.50260269039680.4337284888144 0.50236910410921.8979250571139 2.13504385759180.9650340660855 1.0466718840326
0.1472633030204 0.14041975709390.1068021561836 0.06891218028780.1124913134121 0.0764842439821
0.122185590872 0.0952720604546
0.1023601547745 0.10411211773380.0586994295615 0.0348739648650.0774843641418 0.05586679457980.0795146494926 0.0649509590595
2007 2008 2009 2010 2011 20120
0.5
1
1.5
2
Fixed Assets RatioM&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
5
10
15
20
25
30
Inventory Turnover Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.20.40.60.8
11.21.41.61.8
2
Fixed Assets Turnover Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.02
0.04
0.06
0.08
0.1
0.12
Net Profit Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
0.1472633030204 0.14041975709390.1068021561836 0.06891218028780.1124913134121 0.0764842439821
0.122185590872 0.0952720604546
0.9084418997339 0.93210205107250.9729759050068 0.98113693105950.9258351533803 0.95220833241790.9357509860403 0.95514910485
0.1252415829075 0.11598578891670.1280705596742 0.0806847233090.2877206903392 0.21479546716570.1803442776403 0.1371553264638
0.2058070564391 0.18651430333010.2727846174454 0.0952244303310.2050137080755 0.15994353125350.2278684606533 0.1472274216382
0.2058070564391 0.18651430333010.2727846174454 0.0952244303310.2050137080755 0.15994353125350.2278684606533 0.1472274216382
0.0576746912598 0.05232703047590.025459614878 0.017519602486
0.1470595162392 0.1192780566110.0767312741257 0.0630415631909
73.785121046121 90.66480484980639.261076836792 28.550133152645172.84429065744 158.3806228373795.296829513451 92.531853613274
4.6919950521294 6.13786526803350.9068283791363 2.851830257953710.795847750865 14.6089965397925.4648903940436 7.8662306885932
0.0635899892228 0.06769843356750.023097389379 0.0998885098961
2007 2008 2009 2010 2011 20120
0.02
0.04
0.06
0.08
0.1
0.12
Net Profit Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.05
0.1
0.15
0.2
0.25
0.3
0.35
Return on Capital Employed Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.02
0.04
0.06
0.08
0.1
0.12
0.14
0.16
Return on Total Assets Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
0.0624599615631 0.0922397972560.049715780055 0.0866089135732
358.51599222477 486.10108303249143.92701906898 299.8194166496843.08650519031 990.22837370242448.50983882802 592.0496244615
2007 2008 2009 2010 2011 20120
0.05
0.1
0.15
0.2
0.25
0.3
0.35
0.4
0.45
Dividend Payout Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
Quick Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.2
0.4
0.6
0.8
1
1.2
Absolute Quick Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.5
1
1.5
2
2.5
3
3.5
Debt Equity Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
Proprietory Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
1
2
3
4
5
6
7
8
Capital Gearing Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.5
1
1.5
2
Fixed Assets RatioM&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
50
100
150
Interest Coverage RatioM&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 201202468
1012
Dividend Coverage Ratio
2007 2008 2009 2010 2011 20120
0.5
1
1.5
2
Fixed Assets RatioM&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
50
100
150
Interest Coverage RatioM&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 201202468
1012
Dividend Coverage Ratio
2007 2008 2009 2010 2011 20120
5
10
15
20
25
30
Inventory Turnover Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
5
10
15
20
25
30
35
Debtors Turnover Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 201202468
10121416
Creditors Turnover Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.20.40.60.8
11.21.41.61.8
2
Fixed Assets Turnover Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.5
1
1.5
2
2.5
Total Assets Turnover Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.02
0.04
0.06
0.08
0.1
0.12
0.14
0.16
Gross Profit Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.02
0.04
0.06
0.08
0.1
0.12
Net Profit Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.02
0.04
0.06
0.08
0.1
0.12
0.14
0.16
Operating Profit Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120.820.840.860.88
0.90.920.940.960.98
11.02
Operating Cost Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.02
0.04
0.06
0.08
0.1
0.12
Net Profit Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.02
0.04
0.06
0.08
0.1
0.12
0.14
0.16
Operating Profit Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120.820.840.860.88
0.90.920.940.960.98
11.02
Operating Cost Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.05
0.1
0.15
0.2
0.25
0.3
0.35
Return on Capital Employed Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.05
0.1
0.15
0.2
0.25
0.3
Return on Net Worth Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.05
0.1
0.15
0.2
0.25
0.3
Return on Equity Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.02
0.04
0.06
0.08
0.1
0.12
0.14
0.16
Return on Total Assets Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
20406080
100120140160180200
EPS
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
2
4
6
8
10
12
14
16
DPS
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.05
0.1
0.15
0.2
0.25
0.3
0.35
0.4
0.45
Dividend Payout Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007200820092010201120120
200
400
600
800
1000
1200
Book Value of Share
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.2
0.4
0.6
0.8
1
1.2
Absolute Quick Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
1
2
3
4
5
6
7
8
Capital Gearing Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 201202468
1012
Dividend Coverage Ratio
2007 2008 2009 2010 2011 201202468
1012
Dividend Coverage Ratio
2007 2008 2009 2010 2011 201202468
10121416
Creditors Turnover Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.02
0.04
0.06
0.08
0.1
0.12
0.14
0.16
Gross Profit Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120.820.840.860.88
0.90.920.940.960.98
11.02
Operating Cost Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120.820.840.860.88
0.90.920.940.960.98
11.02
Operating Cost Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
0.05
0.1
0.15
0.2
0.25
0.3
Return on Equity Ratio
M&MTata MotorsMaruti SuzukiIndustry Average
2007 2008 2009 2010 2011 20120
2
4
6
8
10
12
14
16
DPS
M&MTata MotorsMaruti SuzukiIndustry Average