tata motors – ratio analysis
DESCRIPTION
5yr complete analysis of Tata Motors' financial StatementsTRANSCRIPT
Tata Motors – Ratio AnalysisTata Motors – Ratio Analysis
GP Ratio
Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04
Gross Profit 6576.35 5934.01 4782.7 4267.44 3679.34
sales 28,738.30 26664.25 20088.63 17199.17 13028.17
GP Ratio 22.883573 22.25455 23.80799 24.81189 28.241418
Net Profit Ratio
Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04
sales 28,738.30 26664.25 20088.63 17199.17 13028.17
net profit 3,000.91 2586.51 2146.36 2000.05 1727.28
Net Profit Ratio 10.442197 9.700292 10.68445 11.62876 13.25804
Operating ratio
Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04
sales 28,738.30 26664.25 20088.63 17199.17 13028.17cost of goods
sold 22,161.95 20730.24 15305.93 12931.73 9348.83operating expenses 4,706.84 3,924.55 2945.19 2549.82 2096.95
Operating ratio 93.49 92.46 90.85 90.01 87.85
Debt Equity ratio
Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04
Debt 6,280.52 4,009.14 2,936.84 2,495.42 1,259.77
Equity 14,094.51 10,852.94 8,447.52 6,606.81 4,853.37
Debt Equity ratio 0.4456005 0.369406 0.347657 0.377704 0.259566
Current ratio
Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04
Current Assets 10,781.23 10,318.42 9,812.06 7,248.88 3,835.78Current
Liabilities 12,029.80 8,321.20 7,888.65 7,268.80 5,309.17Current ratio 0.8962102 1.240016 1.24382 0.99726 0.722482
Fixed Asset T.O ratio
Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04cost of goods
sold 22,161.95 20730.24 15305.93 12931.73 9348.83fixed Assets 15,337.03 8,845.63 6,509.99 6,608.57 6,304.57Fixed Asset
T.O ratio 1.4449962 2.343557 2.351145 1.956812 1.4828656
Return on networth
Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04
net profit 3,000.91 2586.51 2146.36 2000.05 1727.28Equity 14,094.51 10,852.94 8,447.52 6,606.81 4,853.37
Return on networth 21.29134 23.83234 25.40817 30.27255 35.589292
Profit and Loss A/cIncome: Operating income 28,738.30 26,664.25 20,088.63 17,199.17 13,028.17
Expenses Material consumed 20,931.81 19,529.88 14,376.11 12,101.28 8,720.10Manufacturing expenses 1,230.14 1,200.36 929.82 830.45 628.73Personnel expenses 1,544.57 1,367.83 1,143.13 1,039.34 882.49
Selling expenses 1,179.48 1,068.56 759.54 598.75 455.56Adminstrative expenses 1,982.79 1,488.16 1,042.52 911.73 758.9Expenses capitalised -1,131.40 -577.05 -308.85 -282.43 -144.89
Cost of sales 25,737.39 24,077.74 17,942.27 15,199.12 11,300.89
Operating profit 3,000.91 2,586.51 2,146.36 2,000.05 1,727.28Other recurring income 389.03 887.23 685.18 399.94 235.65
Adjusted PBDIT 3,389.94 3,473.74 2,831.54 2,399.99 1,962.93Financial expenses 471.56 455.75 350.24 234.3 225.96
Depreciation 652.31 586.29 520.94 450.16 382.6
Cntd…Other write offs 64.35 85.02 73.78 67.12 51.64
Adjusted PBT 2,201.72 2,346.68 1,886.58 1,648.41 1,302.73
Tax charges 547.55 660.37 524.93 415.5 482.55
Adjusted PAT 1,654.17 1,686.31 1,361.65 1,232.91 820.18Non recurring items 374.75 227.15 167.23 4.04 -6.82Other non cash adjustments - -0.07 - -1.54 -3.02Reported net profit 2,028.92 1,913.39 1,528.88 1,235.41 810.34Earnigs before appropriation 3,042.75 2,690.15 2,094.54 1,601.21 934.05Equity dividend 578.43 578.07 497.94 452.19 282.11Preference dividend - - - - -
Dividend tax 81.25 98.25 69.84 63.42 36.14Retained earnings 2,383.07 2,013.83 1,526.76 1,085.60 615.8
Balance sheet
Sources of funds
Owner's fundEquity share capital 385.54 385.41 382.87 361.79 353Share application money - - - - 3.83Preference share capital - - - - -Reserves & surplus 7,428.45 6,458.39 5,127.81 3,749.60 3,236.77
Loan funds
Secured loans 2,461.99 2,022.04 822.76 489.81 942.65Unsecured loans 3,818.53 1,987.10 2,114.08 2,005.61 317.12
Total 14,094.51 10,852.94 8,447.52 6,606.81 4,853.37
Uses of funds
Fixed assets
Gross block 10,830.83 8,775.80 7,971.55 6,611.95 5,985.40Less : revaluation reserve 25.51 25.95 26.39 - -Less : accumulated depreciation 5,443.52 4,894.54 4,401.51 3,454.28 3,023.69
Net block 5,361.80 3,855.31 3,543.65 3,157.67 2,961.71Capital work-in-progress 5,064.96 2,513.32 951.19 538.84 286.09
Investments 4,910.27 2,477.00 2,015.15 2,912.06 3,056.77
Net current assetsCurrent assets, loans & advances 10,781.23 10,318.42 9,812.06 7,248.88 3,835.78Less : current liabilities & provisions 12,029.80 8,321.20 7,888.65 7,268.80 5,309.17Total net current assets -1,248.57 1,997.22 1,923.41 -19.92 -1,473.39Miscellaneous expenses not written 6.05 10.09 14.12 18.16 22.19
Total 14,094.51 10,852.94 8,447.52 6,606.81 4,853.37
Notes:Book value of unquoted investments 4,145.82 2,117.86 1,648.57 2,480.15 2,778.87Market value of quoted investments 2,530.55 1,323.08 1,550.00 1,260.05 732.76Contingent liabilities 5,590.83 5,196.07 2,185.63 1,450.32 896.07Number of equity sharesoutstanding (Lacs) 3855.04 3853.74 3828.34 3617.52 3529.58