1. Item Short 2004 2003 2002 Comment Item Short 2004 2003 2002 Comment
Profit bf. Int & tax PBIT 824 729 629 (PnL account) Stock S 398 362 325
Total capital TC 5,492 5,000 5,441 Total assets less current liabilities (Balance sheet) Debt D 2,865 2,308 2,807
Turnover T 8,302 8,019 8,135 (PnL account) Shareholders Equity SE 2,454 2,108 3,081
Current assets CA 3,870 3,246 3,761 (Balance sheet) Interest payable I 136 137 117
Current liabilities CL -1,885 -1,711 -1,751 (Balance sheet) Cost of goods CoG 5,260 0 5,118 5,191
Net Profit P 552 507 153 (PnL account) Trade debtors TD 31 32 22
Gross profit GP 3,042 2,901 2,944 Note 2 Trade creditors TRC 210 202 200
Operating expences OE -2,218 -2,172 -2,343 Gross profit - profit of the year = operating expences Purchases PU 5,260 0 5,118 5,191
Net assets NA 2,454 2,108 3,081 (Balance sheet) Divident Div 263 246 239
Fixed assets FA 3,498 3,435 3,381 (Balance sheet) Number of shares SH 2,267 2,294 2,842
Working capital WC 1,985 1,535 2,010 Net current liabilities (c. assets-c. liabilities) (Balance sheet) Share price SP 0.2780 0 0.3850
EBITDA 1107.9 1007.9 4.79% #### 4.51% 4.00%
EBITDA margin 13.35% # 12.57% 2.53% #### 2.51% 2.45%
PBIT
TC
824
5,492
729
5,000
629
5,441
PBIT T
T TC
824 8,302
8,302 5,492
729 8,019
8,019 5,000
629 8,135
8,135 5,441
GP OE P T T T
T T T FA WC TC
3,042 -2,218 552 8,302 8,302 8,302
8,302 8,302 8,302 3,498 1,985 5,492
2,901 -2,172 507 8,019 8,019 8,019
8,019 8,019 8,019 3,435 1,535 5,000
2,944 -2,343 153 8,135 8,135 8,135
8,135 8,135 8,135 3,381 2,010 5,441
CA CA-S D D PBIT
CL CL D+CnR SE I
3,870 3,472 2,865 2,865 824
-1,885 -1,885 5,319 2,454 136
3,246 2,885 2,308 2,308 729
-1,711 -1,711 4,416 2,108 137
3,761 3,435 2,807 2,807 629
-1,751 -1,751 5,888 3,081 117
S x365 TD x365 TRC x365
CoG T PU
145,270 11,133 76,723
5,260 8,302 5,260
132,057 11,717 73,584
5,118 8,019 5,118
118,735 7,994 72,854
5,191 8,135 5,191
Div P Div p share /(1-t) P SP NA
SH Div SP SH EPS SH
263 552 0.13 552 0.2780 2,454
2,267 263 0.2780 2,267 0 2,267
246 507 507 2,108
2,294 246 2,294 2,294
239 153 153 3,081
2,842 239 2,842 2,842
Financial Ratio Tree Generation
| Deb Sahoo | MBA, Finance, University of Michigan | MS, EE, University of Southern California | B-Tech, EE, IIT |
Ratio Tree
Return on capital
employment
=
For 2004 = = 15.0%
For 2003 = = 14.6%
For 2002 = = 11.6%
Return on sales =
Turnover on capital
emplayment
=
For 2004 = = 9.9% For 2004 = = 1.51
For 2002 = = 9.1% For 2003 = = 1.60
For 2002 = = 7.7% For 2002 = = 1.50
Gross margin = Overheads to sales = Net margin = F. asset turnover = W. Capital turnover = Asset turnover =
For 2004 = = 36.6% For 2004 = = -26.7% For 2004 = = 6.7% For 2004 = = 2.37 For 2004 = = 4.18 For 2004 = = 1.51
For 2003 = = 36.2% For 2003 = = -27.1% For 2003 = = 6.3% For 2003 = = 2.33 For 2003 = = 5.22 For 2003 = = 1.60
For 2002 = = 36.2% For 2002 = = -28.8% For 2002 = = 1.9% For 2002 = = 2.41 For 2002 = = 4.05 For 2002 = = 1.50
Liquidity ratios Stability ratios
Current ratio = Quick ratio = Gearing ratio = Debt/Equity ratio = Interest cover =
For 2004 = = (2.05) For 2004 = = (1.84) For 2004 = = 53.9% For 2004 = = 116.7% For 2004 = = 6.05
For 2003 = = (1.90) For 2003 = = (1.69) For 2003 = = 52.3% For 2003 = = 109.4% For 2003 = = 5.32
For 2002 = = (2.15) For 2002 = = (1.96) For 2002 = = 47.7% For 2002 = = 91.1% For 2002 = = 5.38
Working capital ratios
Stock holding
period
= Debtor days = Creditor days =
For 2004 = = 27.6 For 2004 = = 1.3 For 2004 = = 14.59
For 2003 = = 25.8 For 2003 = = 1.5 For 2003 = = 14.38
For 2002 = = 22.9 For 2002 = = 1.0 For 2002 = = 14.03
Investor ratios
Dividents per
share
= Divident cover = Divident yield = Earnings per share = P/E ratio = Net assets p. share =
For 2004 = = 0.12 For 2004 = = 2.10 For 2004 = = 0.46 For 2004 = = 0.24 For 2004 = = 1.14 For 2004 = = 1.08
For 2003 = = 0.11 For 2003 = = 2.06 For 2003 = = 0.22 For 2003 = = 0.92
For 2002 = = 0.08 For 2002 = = 0.64 For 2002 = = = = 1.080.05 For 2002