SAPM Assignment

A popular way to analyze the financial statements is by computing ratios.
A ratio is a relationship
between two numbers, e.g. ratio of A: B = 1.5:1 ==> A is 1.5 times B. A ratio by itself may have no
meaning. Hence, a given ratio is compared to:
Ratios from previous years for internal trends
Ratios of other firms in the same industry for external trends.
Ratio analysis is a diagnostic tool that helps to identify problem areas and opportunities within a
company. , we will discuss how to measure and interpret some key ratios.
The most frequently used ratios by Financial Analysts provide insights into a firm's
Liquidity
Degree of financial leverage or debt
Profitability
Efficiency
Value
Financial statements of AMBUJA CEMENTS
Balance Sheet of Ambuja Cements
------------------- in Rs. Cr. ------------------Dec '13
Dec '12
Dec '11
Dec '10
12 mths
12 mths
12 mths
12 mths
12
Total Share Capital

Equity Share Capital
Share Application Money
Preference Share Capital
Reserves
Revaluation Reserves
Networth
309.17
309.17
0.00
0.00
9,176.37
0.00
9,485.54
308.44
308.44
0.00
0.00
8,496.62
0.00
8,805.06
306.87
306.87
0.01
0.00
7,762.56
0.00
8,069.44
305.97
305.97
1.34
0.00
7,022.79
0.00
7,330.10
3
3
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
5.86
23.29
29.15
9,514.69
Dec '13
0.00
34.63
34.63
8,839.69
Dec '12
0.00
42.80
42.80
8,112.24
Dec '11
0.00
65.03
65.03
7,395.13
Dec '10
1
6,6
D
12 mths
12 mths
12 mths
12 mths
12
10,759.31
4,696.78
6,062.53
10,116.82
4,254.45
5,862.37
9,636.89
3,450.43
6,186.46
8,778.82
3,151.07
5,627.75
6,2
2,7
3,4
Capital Work in Progress

Investments
694.88
1,788.45
520.12
1,655.84
486.82
864.31
930.70
625.95
2,7
7
Inventories
Sundry Debtors
Cash and Bank Balance
Total Current Assets
Loans and Advances
Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets
933.94
231.51
2,341.09
3,506.54
912.19
0.00
4,418.73
0.00
2,348.81
1,101.09
3,449.90
968.83
983.93
213.37
2,253.72
3,451.02
935.33
0.00
4,386.35
0.00
2,143.57
1,441.42
3,584.99
801.36
924.97
240.85
2,069.08
3,234.90
769.35
0.00
4,004.25
0.00
2,238.35
1,191.25
3,429.60
574.65
901.86
128.18
198.40
1,228.44
422.61
1,549.77
3,200.82
0.00
1,893.98
1,096.57
2,990.55
210.27
6
1
1
9
2
7
2,0
Miscellaneous Expenses
Total Assets
0.00
9,514.69
0.00
8,839.69
0.00
8,112.24
0.46
7,395.13
Contingent Liabilities
Book Value (Rs)
2,310.02
61.36
1,362.30
57.09
571.54
52.59
754.38
47.90
Sources Of Funds
6,1
6,4
Application Of Funds
Gross Block
Less: Accum. Depreciation
Net Block
1,5
6
2,2
-2
6,6
This data can be easily copy pasted into a Microsoft Excel sheet
Ambuja Cements
Previous Years
Consolidated Profit & Loss account
------------------- in Rs. Cr. ------------------Dec '13
Dec '12
Dec '11
Dec '10
Dec '09
12 mths
12 mths
12 mths
12 mths
12 mths
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
9,191.72
0.00
9,191.72
416.15
-118.29
9,489.58
9,795.03
0.00
9,795.03
69.39
200.83
10,065.25
8,570.99
0.00
8,570.99
223.51
-57.02
8,737.48
8,286.20
914.68
7,371.52
260.65
54.28
7,686.45
7,763.93
680.72
7,083.21
180.38
-49.47
7,214.12
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Selling and Admin Expenses
Preoperative Exp Capitalised
Total Expenses
1,371.86
2,066.30
508.72
0.00
0.00
3,483.97
0.00
7,430.85
Dec '13
1,351.33
2,333.96
487.94
2,299.77
0.00
1,049.43
0.00
7,522.43
Dec '12
1,173.97
2,002.94
435.85
1,938.69
0.00
985.15
0.00
6,536.60
Dec '11
1,475.20
1,697.34
343.57
227.03
1,639.15
244.71
-11.36
5,615.64
Dec '10
1,642.09
1,422.75
274.29
161.66
1,431.99
203.93
-19.33
5,117.38
Dec '09
12 mths
12 mths
12 mths
12 mths
12 mths
Operating Profit
1,642.58
2,473.43
1,977.37
1,810.16
1,916.36
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Extra-ordinary items
PBT (Post Extra-ord Items)
Tax
Reported Net Profit
2,058.73
66.75
1,991.98
493.67
0.00
1,498.31
0.00
1,498.31
219.87
1,278.44
2,542.82
78.46
2,464.36
568.68
0.00
1,895.68
0.00
1,895.68
603.86
1,291.82
2,200.88
53.44
2,147.44
446.20
0.00
1,701.24
0.00
1,701.24
473.75
1,227.49
2,070.81
48.69
2,022.12
387.21
0.61
1,634.30
27.11
1,661.41
398.44
1,262.97
2,096.74
22.43
2,074.31
297.28
1.57
1,775.46
26.52
1,801.98
585.14
1,216.84
-0.13
0.00
-1.39
0.00
-0.25
0.00
0.00
0.00
0.00
0.00
1,253.75
1,572.34
1,251.99
1,235.86
1,190.32
6,058.99
0.00
556.34
94.55
6,171.10
0.00
554.80
90.00
5,362.63
0.00
490.69
79.60
4,140.44
0.00
397.22
65.27
3,475.29
0.00
365.59
62.13
15,458.60
8.27
15,421.84
8.38
15,343.69
8.00
15,298.59
8.26
15,237.11
7.99
0.00
61.21
0.00
57.05
0.00
52.56
0.00
47.88
0.00
42.45
Income
Minority Interest
Share Of P/L Of Associates
Net P/L After Minority Interest & Share Of
Associates
Total Value Addition
Preference Dividend
Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)
Ambuja Cements
Previous Years
------------------- in Rs. Cr. -------------------
Dec
'13
Dec '12
Dec '11
Dec '10
Dec '09
Face Value
Dividend Per Share
Operating Profit Per Share (Rs)
Net Operating Profit Per Share (Rs)
Free Reserves Per Share (Rs)
Bonus in Equity Capital
Profitability Ratios
2.00
-10.63
59.46
-62.95
2.00
-16.04
63.51
-63.10
2.00
-12.66
55.33
49.39
63.42
2.00
-11.83
48.18
44.92
63.61
2.00
-12.58
46.49
39.32
63.86
Operating Profit Margin(%)

Profit Before Interest And Tax Margin(%)
Gross Profit Margin(%)
Cash Profit Margin(%)
Adjusted Cash Margin(%)
Net Profit Margin(%)
Adjusted Net Profit Margin(%)
Return On Capital Employed(%)
Return On Net Worth(%)
Adjusted Return on Net Worth(%)
Return on Assets Excluding Revaluations
Return on Assets Including Revaluations
Return on Long Term Funds(%)
Liquidity And Solvency Ratios
17.87
11.98
12.49
18.23
18.23
13.34
13.34
16.21
13.51
13.24
61.21
61.21
16.22
25.25
18.77
19.44
21.09
21.07
12.74
12.74
25.46
14.69
17.83
57.05
57.05
25.49
23.07
17.36
17.86
19.25
17.86
14.12
13.92
21.90
15.22
13.78
52.35
52.35
21.02
24.55
18.97
19.30
19.88
19.39
16.83
16.83
20.98
17.24
14.56
47.88
47.88
21.00
27.05
22.30
22.85
20.44
20.44
16.76
16.76
27.03
18.82
18.33
42.43
42.43
27.03
1.27
1.00
---
1.21
0.95
0.01
--
1.14
0.87
0.01
0.01
1.07
0.75
0.01
0.01
0.89
0.57
0.03
0.03
Interest Cover
Total Debt to Owners Fund
Financial Charges Coverage Ratio
Financial Charges Coverage Ratio Post
Tax
Management Efficiency Ratios
23.07
0.00
30.47
28.72
0.01
35.97
33.29
0.01
40.46
31.86
0.01
39.82
80.08
0.03
93.26
27.55
24.73
32.54
34.90
68.57
Inventory Turnover Ratio

Debtors Turnover Ratio
Investments Turnover Ratio
Fixed Assets Turnover Ratio
Total Assets Turnover Ratio
Asset Turnover Ratio
9.82
40.34
9.82
0.85
0.97
1.00
9.92
41.83
11.21
0.96
1.11
1.15
9.24
45.60
10.38
0.89
1.06
0.88
9.19
52.58
9.19
0.85
0.93
0.85
11.36
37.60
11.36
1.15
1.08
1.15
Average Raw Material Holding

Average Finished Goods Held
Number of Days In Working Capital
Profit & Loss Account Ratios
--47.63
--29.13
15.51
5.97
20.53
19.91
5.98
10.12
14.69
4.57
-12.72
Investment Valuation Ratios
Current Ratio
Quick Ratio
Debt Equity Ratio
Long Term Debt Equity Ratio
Debt Coverage Ratios
Material Cost Composition

Imported Composition of Raw Materials
Consumed
Selling Distribution Cost Composition
Expenses as Composition of Total Sales
Cash Flow Indicator Ratios
14.92
13.79
19.49
20.01
23.18
--
--
--
--
--
---
23.47
--
19.88
--
20.25
--
18.58
--
Dividend Payout Ratio Net Profit

Dividend Payout Ratio Cash Profit
Earning Retention Ratio
Cash Earning Retention Ratio
AdjustedCash Flow Times
50.90
36.72
48.08
62.75
0.02
49.86
34.63
58.91
69.84
0.02
46.45
34.06
48.49
63.29
0.04
36.61
28.01
56.65
68.21
0.04
35.15
28.21
63.92
71.19
0.11
2) FINANCIAL STATEMENT OF INDIA CEMENTS

Balance Sheet of India Cements
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
12 mths
12 mths
12 mths
12 mths
12
Total Share Capital

Reserves
Networth
307.18
307.18
0.00
0.00
3,782.46
0.00
4,089.64
307.18
307.18
0.00
0.00
3,760.44
0.00
4,067.62
307.18
307.18
0.00
0.00
3,232.48
550.10
4,089.76
307.17
307.17
0.00
0.00
3,221.09
607.56
4,135.82
2
2
2,6
6
3,6
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
1,879.35
874.65
2,754.00
6,843.64
Mar '13
1,514.11
754.48
2,268.59
6,336.21
Mar '12
1,177.86
1,278.21
2,456.07
6,545.83
Mar '11
866.64
1,266.09
2,132.73
6,268.55
Mar '10
1,0
9
1,9
5,6
M
12 mths
12 mths
12 mths
12 mths
12
6,630.72
2,488.67
4,142.05
6,335.30
2,202.38
4,132.92
5,925.99
2,091.51
3,834.48
5,710.20
1,791.59
3,918.61
5,3
1,5
3,8
339.24
957.83
145.10
851.96
1,039.83
160.31
702.89
313.97
9
1
Inventories
Sundry Debtors
Loans and Advances
Fixed Deposits
Deffered Credit
Current Liabilities
Provisions
Net Current Assets
496.06
465.59
4.74
966.39
2,397.38
0.00
3,363.77
0.00
1,819.64
139.61
1,959.25
1,404.52
525.81
209.82
2.88
738.51
2,381.71
0.00
3,120.22
0.00
1,781.56
132.44
1,914.00
1,206.22
517.73
254.40
32.33
804.46
2,116.78
0.76
2,922.00
0.00
1,335.08
75.71
1,410.79
1,511.21
468.19
485.26
2.62
956.07
1,889.82
51.19
2,897.08
0.00
1,454.10
109.91
1,564.01
1,333.07
3
3
Total Assets
0.00
6,843.64
0.00
6,336.20
0.00
6,545.83
0.00
6,268.54
5,6
Book Value (Rs)
1,506.29
133.14
1,247.45
132.42
525.28
115.23
532.04
114.86
3
1
Sources Of Funds
Gross Block
Net Block
Investments
7
1,3
2,1
1,3
1,4
7
India Cements
Previous Years
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
5,159.47
0.00
5,159.47
23.82
33.96
5,217.25
4,630.86
0.00
4,630.86
21.49
-5.07
4,647.28
4,019.21
484.29
3,534.92
130.78
9.74
3,675.44
4,158.71
413.64
3,745.07
161.57
15.11
3,921.75
3,908.27
480.78
3,427.49
43.07
13.32
3,483.88
Raw Materials
Power & Fuel Cost
Employee Cost
Total Expenses
792.33
1,345.99
361.77
134.82
0.00
1,622.25
0.00
4,257.16
Mar '13
729.51
1,167.76
324.87
118.30
0.00
1,343.07
0.00
3,683.51
Mar '12
609.69
1,043.10
272.79
73.81
0.00
1,194.47
0.00
3,193.86
Mar '11
575.79
1,001.32
280.50
63.47
955.70
127.93
0.00
3,004.71
Mar '10
454.38
892.96
223.81
67.03
771.95
98.82
0.00
2,508.95
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
Operating Profit
936.27
942.28
350.80
755.47
931.86
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Tax
Reported Net Profit
960.09
369.08
591.01
323.95
0.00
267.06
0.00
267.06
88.45
178.62
963.77
329.63
634.14
285.50
0.00
348.64
0.00
348.64
88.79
259.86
481.58
150.58
331.00
250.99
0.00
80.01
-1.99
78.02
22.67
55.34
917.04
142.85
774.19
234.45
15.95
523.79
0.33
524.12
177.67
346.12
974.93
112.28
862.65
204.52
10.24
647.89
0.09
647.98
217.42
430.54
Minority Interest
Associates
Preference Dividend
Equity Dividend
4.47
-13.88
0.90
-12.51
-3.09
-6.86
0.00
-5.70
0.83
7.29
188.02
275.11
67.29
351.82
422.34
3,464.83
0.00
61.78
10.74
2,954.00
0.00
63.99
10.38
2,584.18
0.00
46.08
7.65
2,428.92
0.00
71.64
0.00
2,054.58
0.00
66.09
0.00
3,071.79
5.81
3,071.77
8.46
3,071.77
1.80
3,071.76
11.27
2,824.32
15.24
0.00
129.93
0.00
128.48
0.00
129.94
0.00
111.91
0.00
101.56
Income

Equity Dividend (%)
Book Value (Rs)
India Cements
Previous Years
------------------- in Rs. Cr. -------------------
Mar
'13
Mar '12
Mar '11
Mar '10
Mar '09
Face Value
Dividend Per Share
10.00
-30.48
167.96
-10.92
10.00
-30.68
150.75
-0.29
10.92
10.00
-11.43
115.08
93.21
10.92
10.00
-24.59
121.92
94.14
10.92
10.00
-32.99
121.36
84.25
11.88

18.14
11.81
11.86
9.69
9.69
3.62
3.62
9.09
4.71
4.47
129.93
129.93
10.38
20.34
14.10
14.18
11.79
11.79
5.83
5.83
10.48
6.87
6.69
128.19
128.19
11.96
9.92
2.72
2.82
8.41
7.65
1.79
1.78
3.42
1.63
0.79
112.04
129.94
3.56
20.17
13.51
13.91
14.16
14.16
9.19
9.12
10.74
10.23
8.60
111.91
131.69
11.11
27.18
20.49
21.22
20.39
20.39
11.90
11.90
17.26
14.80
17.84
101.00
124.58
18.18
Current Ratio
Quick Ratio
Debt Equity Ratio
0.87
1.21
0.75
0.53
0.80
1.07
0.65
0.44
0.84
0.93
0.69
0.69
1.11
0.98
0.67
0.61
0.97
1.01
0.69
0.61
Interest Cover
Tax
1.72
0.75
2.60
2.07
0.65
2.93
1.53
0.79
3.00
4.56
0.67
6.07
8.01
0.69
9.38
2.39
2.69
3.10
5.23
6.67

9.28
13.97
10.51
0.68
0.76
0.76
8.23
18.14
9.24
0.64
0.74
0.70
7.27
9.26
22.76
0.55
0.50
0.54
26.01
8.61
26.01
0.70
0.67
0.70
26.39
9.95
26.39
0.69
0.72
0.69

--70.66
--54.91
32.06
6.32
47.16
34.00
3.68
44.68
44.66
4.81
44.84

15.35
6.62
15.75
8.43
17.24
6.03
15.37
6.96
13.25
10.02
Consumed
-0.15
24.22
0.05
27.88
0.04
23.42
0.03
19.95
1.97
38.56
14.16
59.41
85.58
5.97
27.39
13.35
71.78
86.46
4.65
82.28
16.98
-96.90
80.70
9.83
20.20
11.84
75.80
86.89
4.21
15.64
10.37
87.02
90.87
2.75
FINANCIAL STATEMENT OF RAMCO CEMENTS
------------------- in Rs. Cr. ------------------Mar '14
Mar '13
Mar '12
Mar '11
12 mths
12 mths
12 mths
12 mths
12
Total Share Capital

Reserves
Networth
23.80
23.80
0.00
0.00
2,458.28
0.00
2,482.08
23.80
23.80
0.00
0.00
2,346.96
0.00
2,370.76
23.80
23.80
0.00
0.00
2,026.58
0.00
2,050.38
23.80
23.80
0.00
0.00
1,710.71
0.00
1,734.51
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
1,650.32
593.65
2,243.97
4,726.05
Mar '14
1,252.33
728.81
1,981.14
4,351.90
Mar '13
1,395.45
718.49
2,113.94
4,164.32
Mar '12
2,102.16
689.01
2,791.17
4,525.68
Mar '11
1,8
6
2,5
4,1
M
12 mths
12 mths
12 mths
12 mths
12
6,637.25
1,996.18
4,641.07
6,404.34
1,810.79
4,593.55
5,663.74
1,543.38
4,120.36
5,265.80
1,319.84
3,945.96
4,8
1,1
3,6
354.24
283.41
157.00
265.77
534.29
266.47
543.41
88.83
Inventories
Sundry Debtors
Loans and Advances
Fixed Deposits
Deffered Credit
Current Liabilities
Provisions
Net Current Assets
685.53
303.96
44.61
1,034.10
555.74
0.00
1,589.84
0.00
2,037.68
104.83
2,142.51
-552.67
594.75
302.81
53.96
951.52
503.54
0.00
1,455.06
0.00
1,932.21
187.27
2,119.48
-664.42
491.09
211.10
47.44
749.63
394.86
0.05
1,144.54
0.00
1,742.23
159.11
1,901.34
-756.80
392.27
182.67
39.95
614.89
483.78
0.07
1,098.74
0.00
1,045.40
133.53
1,178.93
-80.19
4
1
Total Assets
0.00
4,726.05
0.00
4,351.90
0.00
4,164.32
27.65
4,525.66
Book Value (Rs)
1,372.51
104.30
1,231.12
99.62
318.27
86.16
401.02
72.89
Sources Of Funds
1,5
1,5
Gross Block
Net Block
Investments
6
5
1,1
1,0
1
1,1
4,1
12 mths
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
3,683.52
0.00
3,683.52
63.29
-19.80
3,727.01
Raw Materials
Power & Fuel Cost
Employee Cost
Total Expenses
918.83
832.40
221.83
75.56
0.00
1,052.82
0.00
3,101.44
Mar '14
12 mths
Operating Profit
562.28
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Tax
Reported Net Profit
625.57
188.13
437.44
306.43
0.00
131.01
0.00
131.01
16.53
114.48
Minority Interest
Associates
Preference Dividend
Equity Dividend
Equity Dividend (%)
Book Value (Rs)
-0.07
0.00
114.55
2,182.61
0.00
23.83
4.05
2,379.69
4.81
0.00
103.33
The Ramco Cements
Previous Years
Key Financial Ratios
Mar
'14
Mar '13
Mar '12
Mar '11
Mar '10
Face Value
Dividend Per Share
1.00
1.00
23.66
154.79
-88.02
1.00
3.00
42.27
160.98
-88.02
1.00
2.50
40.62
137.56
85.10
88.02
1.00
1.25
26.56
110.13
70.67
88.04
1.00
2.00
36.44
117.96
63.52
88.04

15.28
6.81
6.97
11.77
11.77
3.65
3.65
7.24
5.54
5.54
104.30
104.30
8.55
26.25
18.72
18.93
17.68
17.68
10.42
10.42
17.62
17.02
17.04
99.62
99.62
20.38
29.52
21.68
21.77
19.73
19.73
11.71
11.71
17.44
18.78
19.26
86.16
86.16
20.45
24.12
15.55
15.69
16.24
16.24
7.97
7.97
9.60
12.36
12.22
71.73
71.73
10.13
30.88
23.81
23.90
19.50
19.50
12.55
12.55
16.53
23.01
23.01
64.58
64.58
17.70
Current Ratio
Quick Ratio
Debt Equity Ratio
0.46
0.42
0.90
0.61
0.48
0.41
0.84
0.59
0.38
0.34
1.03
0.73
0.69
0.60
1.61
1.47
0.70
0.64
1.65
1.47
Interest Cover
Tax
1.82
0.90
3.45
4.30
0.84
5.87
4.58
1.03
6.16
3.12
1.61
4.69
4.52
1.65
5.79
3.36
4.83
5.01
4.09
4.63

5.37
12.14
5.37
0.57
0.80
0.81
6.44
14.91
6.44
0.61
0.90
0.90
16.82
16.63
16.82
0.58
0.80
0.75
18.18
15.50
18.18
0.50
0.58
0.61
23.84
22.89
23.84
0.58
0.68
0.72

--17.23
--4.64
112.89
6.01
-11.97
71.15
7.56
70.85
58.72
6.01
0.55

Consumed
24.94
20.80
19.14
22.10
21.22
10.45
2.23
2.15
1.43
4.33
-2.19
-0.71
19.02
0.42
18.91
0.07
17.94
0.16

17.30
5.36
82.70
94.64
5.05
17.71
10.44
82.31
89.56
2.89
15.47
9.32
84.92
90.82
3.26
14.11
6.89
85.73
93.07
6.50
13.47
8.66
86.53
91.33
4.67
Mar
'14
Mar '13
Mar '12
Mar '11
Mar '10
5.79
104.30
16.96
99.62
16.18
86.16
8.87
72.89
14.86
65.48
Earnings Per Share

Book Value
4) FINANCIAL STATEMENT OF SHREE CEMENTS
------------------- in Rs. Cr. ------------------Jun '13
Jun '12
Mar '11
Mar '10
12 mths
15 mths
12 mths
12 mths
12
Total Share Capital

Reserves
Networth
34.84
34.84
0.00
0.00
3,808.81
0.00
3,843.65
34.84
34.84
0.00
0.00
2,699.09
0.00
2,733.93
34.84
34.84
0.00
0.00
1,951.34
0.00
1,986.18
34.84
34.84
0.00
0.00
1,798.40
0.00
1,833.24
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
585.81
391.57
977.38
4,821.03
Jun '13
897.27
63.80
961.07
3,695.00
Jun '12
1,780.49
63.80
1,844.29
3,830.47
Mar '11
1,788.53
218.71
2,007.24
3,840.48
Mar '10
1,2
2
1,4
2,6
M
12 mths
15 mths
12 mths
12 mths
12
Gross Block
Net Block
5,918.70
4,136.76
1,781.94
5,223.45
3,702.39
1,521.06
4,042.07
2,875.01
1,167.06
2,950.86
2,198.91
751.95
2,2
1,6
6

Investments
133.33
2,203.29
96.73
2,535.20
1,027.83
1,196.46
967.42
1,592.24
4
8
Inventories
Sundry Debtors
Loans and Advances
Fixed Deposits
Deffered Credit
Current Liabilities
Provisions
Net Current Assets
530.48
314.66
369.37
1,214.51
827.05
0.00
2,041.56
0.00
1,234.14
104.95
1,339.09
702.47
503.32
181.08
458.97
1,143.37
676.24
0.00
1,819.61
0.00
2,082.24
195.36
2,277.60
-457.99
404.23
108.21
30.96
543.40
543.65
429.85
1,516.90
0.00
795.82
281.97
1,077.79
439.11
358.13
82.42
51.78
492.33
780.18
364.59
1,637.10
0.00
608.36
499.87
1,108.23
528.87
Total Assets
0.00
4,821.03
0.00
3,695.00
0.00
3,830.46
0.00
3,840.48
2,6
Book Value (Rs)
1,226.13
1,103.32
0.00
784.77
198.18
570.13
693.13
526.23
4
3
Sources Of Funds
1,1
1,2
2
7
4
1,4
3
3
7
6
Shree Cements
------------------- in Rs. Cr. ------------------Jun '13

12 mths
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
5,590.25
0.00
5,590.25
187.27
15.40
5,792.92
Raw Materials
Power & Fuel Cost
Employee Cost
Total Expenses
896.51
1,512.87
314.25
0.00
0.00
1,321.13
0.00
4,044.76
Jun '13
12 mths
Operating Profit
1,560.89
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Tax
Reported Net Profit
1,748.16
193.14
1,555.02
435.63
0.00
1,119.39
0.00
1,119.39
115.45
1,003.94
Minority Interest
Associates
Preference Dividend
Equity Dividend
Equity Dividend (%)
Book Value (Rs)
0.00
0.00
1,005.00
3,148.25
0.00
69.68
11.62
348.37
288.18
0.00
1,103.31
Shree Cements
Previous Years
Jun '13
Jun '12
Mar '11
Mar '10
Mar '09
Face Value
Dividend Per Share
10.00
20.00
448.06
1,604.68
---
10.00
20.00
472.41
1,693.05
---
10.00
14.00
254.85
1,004.35
468.07
--
10.00
13.00
431.74
1,041.47
460.05
--
10.00
10.00
273.76
779.76
302.68
--

27.92
19.47
20.12
24.93
24.93
17.37
17.37
27.24
26.12
26.14
1,103.32
1,103.32
30.64
27.90
12.74
13.10
23.58
23.58
10.20
10.20
25.31
22.62
20.34
784.77
784.77
26.33
25.37
5.92
6.06
23.22
23.22
5.86
5.86
7.57
10.55
7.81
570.13
570.13
7.94
41.45
25.30
25.73
33.32
33.32
18.32
18.32
25.91
36.88
35.96
526.23
526.23
27.13
35.10
26.93
27.54
28.56
28.56
20.80
20.80
30.64
47.76
48.61
347.33
347.33
32.66
Current Ratio
Quick Ratio
Debt Equity Ratio
1.01
1.06
0.25
0.12
0.71
0.55
0.35
0.30
1.06
0.96
0.93
0.84
1.13
1.10
1.09
1.00
1.34
1.71
1.19
1.05
Interest Cover
Tax
6.80
0.25
9.06
3.97
0.35
7.68
1.70
0.93
5.51
8.40
1.09
12.13
10.89
1.19
13.16
8.45
7.34
6.05
10.66
11.15

10.54
22.55
10.54
0.94
1.16
1.31
11.72
40.78
11.72
1.13
1.60
1.57
17.49
36.71
17.49
0.87
0.92
0.91
17.50
51.56
17.50
1.23
0.95
1.12
63.70
50.44
63.70
1.21
1.03
1.18

--37.81
---35.04
53.67
5.48
38.25
58.13
4.93
52.48
8.84
3.70
91.94

Consumed
16.03
15.64
23.20
17.82
18.49
3.45
1.14
2.67
0.90
--

Earnings Per Share

Book Value
---
---
17.55
0.89
17.35
0.31
16.90
0.68
6.94
4.84
93.07
95.17
0.68
11.26
4.67
87.47
95.13
0.67
23.25
5.50
68.57
94.14
2.22
6.69
3.63
93.14
96.32
1.63
6.02
4.44
94.08
95.62
1.81
Jun '13
Jun '12
Mar '11
Mar '10
Mar '09
288.19
1,103.32
177.54
784.77
60.19
570.13
194.07
526.23
165.91
347.33
ACC CEMENTS FINANCIAL STATEMENTS

Dec '13
Dec '12
Dec '11
Dec '10
Dec '09
12 mths
12 mths
12 mths
12 mths
12
Total Share Capital

Reserves
Networth
187.95
187.95
0.00
0.00
7,636.89
0.00
7,824.84
187.95
187.95
0.00
0.00
7,194.85
0.00
7,382.80
187.95
187.95
0.00
0.00
7,004.32
0.00
7,192.27
187.95
187.95
0.00
0.00
6,281.54
0.00
6,469.49
1
1
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
0.00
0.00
0.00
7,824.84
Dec '13
82.00
3.03
85.03
7,467.83
Dec '12
500.00
6.08
506.08
7,698.35
Dec '11
518.05
5.77
523.82
6,993.31
Dec '10
5
6,5
D
12 mths
12 mths
12 mths
12 mths
12
10,340.39
4,836.43
5,503.96
10,159.98
4,296.11
5,863.87
9,590.60
3,383.07
6,207.53
8,076.95
2,994.51
5,082.44
6,8
2,6
4,1

Investments
819.61
2,194.02
311.30
2,553.55
365.63
1,624.95
1,562.80
1,702.67
2,1
1,4
Inventories
Sundry Debtors
Loans and Advances
Fixed Deposits
Deffered Credit
Current Liabilities
Provisions
Net Current Assets
1,121.47
397.22
503.38
2,022.07
1,553.93
0.00
3,576.00
0.00
3,098.91
1,169.84
4,268.75
-692.75
1,133.55
303.45
678.38
2,115.38
1,082.13
0.00
3,197.51
0.00
3,074.31
1,384.09
4,458.40
-1,260.89
1,099.54
187.74
1,652.56
2,939.84
851.34
0.00
3,791.18
0.00
3,117.94
1,173.00
4,290.94
-499.76
914.98
178.28
94.96
1,188.22
752.41
985.07
2,925.70
0.00
2,627.84
1,652.46
4,280.30
-1,354.60
7
2
2,5
1,0
3,6
-1,2
Total Assets
0.00
7,824.84
0.00
7,467.83
0.00
7,698.35
0.00
6,993.31
6,5
Book Value (Rs)
3,296.75
416.78
1,715.30
393.23
565.47
383.09
474.18
344.59
8
3
Sources Of Funds
5,8
6,0
Gross Block
Net Block
1,0
7
6
2,4
ACC
Previous Years
------------------- in Rs. Cr. ------------------Dec '13
Dec '12
Dec '11
Dec '10
Dec '09
12 mths
12 mths
12 mths
12 mths
12 mths
11,169.42
0.00
11,169.42
219.13
-6.53
11,382.02
11,358.19
0.00
11,358.19
-72.10
-20.12
11,265.97
10,237.19
0.00
10,237.19
191.01
95.68
10,523.88
9,144.81
955.60
8,189.21
209.85
54.22
8,453.28
9,252.18
781.58
8,470.60
139.80
28.74
8,639.14
2,671.03
2,384.47
662.96
0.00
0.00
3,814.46
0.00
9,532.92
Dec '13
2,179.98
2,384.34
617.86
2,218.50
0.00
1,740.75
0.00
9,141.43
Dec '12
2,054.05
2,199.06
574.33
1,939.98
0.00
1,644.22
0.00
8,411.64
Dec '11
1,882.35
1,610.21
498.19
544.93
1,702.88
418.78
-36.60
6,620.74
Dec '10
1,546.84
1,550.87
401.20
428.51
1,717.41
304.53
0.00
5,949.36
Dec '09
12 mths
12 mths
12 mths
12 mths
12 mths
Operating Profit
1,629.97
2,196.64
1,921.23
1,622.69
2,549.98
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Tax
Reported Net Profit
1,849.10
51.67
1,797.43
583.79
0.00
1,213.64
0.00
1,213.64
131.91
1,081.73
2,124.54
114.65
2,009.89
568.90
0.00
1,440.99
0.00
1,440.99
391.08
1,049.91
2,112.24
96.91
2,015.33
510.04
0.00
1,505.29
0.00
1,505.29
215.45
1,289.84
1,832.54
94.53
1,738.01
427.72
0.00
1,310.29
188.02
1,498.31
423.33
1,074.05
2,689.78
84.36
2,605.42
373.13
1.92
2,230.37
21.54
2,251.91
688.06
1,563.85
0.15
-13.09
0.10
-9.47
0.04
-11.00
0.02
-3.50
-0.06
0.00
1,094.67
1,394.66
1,300.80
890.44
1,542.37
6,861.89
0.00
563.24
95.72
6,961.45
0.00
563.24
91.37
6,357.59
0.00
525.69
85.28
4,738.39
0.00
572.63
95.10
4,402.52
0.00
431.76
73.38
1,877.45
57.62
1,877.45
55.92
1,877.45
68.70
1,877.45
57.21
1,877.40
83.30
0.00
416.17
0.00
392.68
0.00
371.73
0.00
334.53
0.00
312.66
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Total Expenses
Minority Interest
Associates
Preference Dividend
Equity Dividend
Equity Dividend (%)
Book Value (Rs)
ACC
Previous Years
Dec
'13
Dec '12
Dec '11
Dec '10
Dec '09
Face Value
Dividend Per Share
10.00
30.00
86.76
594.90
-48.92
10.00
30.00
116.94
604.97
-48.92
10.00
28.00
102.30
514.54
-48.92
10.00
30.50
87.28
407.35
327.36
48.92
10.00
23.00
136.52
427.27
304.59
48.92

14.58
9.25
9.44
14.65
14.65
9.61
9.61
16.34
14.00
14.00
416.78
416.78
16.34
19.33
14.08
14.41
16.82
16.82
9.13
9.13
25.46
14.37
18.91
393.23
393.23
25.46
19.88
14.67
14.96
18.27
18.27
13.45
13.45
21.26
18.42
18.42
383.09
383.09
21.26
21.42
15.86
16.29
17.36
17.36
14.26
14.26
20.75
17.31
15.00
344.59
344.59
20.78
31.95
27.22
27.68
23.61
23.61
19.69
19.69
35.80
26.70
26.32
320.45
320.45
35.80
0.84
0.57
---
0.72
0.46
0.01
0.01
0.88
0.63
0.07
0.07
0.68
0.43
0.08
0.08
0.67
0.42
0.09
0.09
Interest Cover
Tax
24.75
-35.85
16.59
0.01
21.46
16.90
0.07
21.80
25.57
0.08
32.48
27.96
0.09
32.02
33.31
15.13
19.58
27.64
24.12

9.96
31.88
9.96
1.08
1.43
1.46
10.02
46.25
10.02
1.12
1.52
1.50
8.79
52.79
8.79
1.01
1.26
1.32
19.04
40.04
19.04
0.96
1.11
1.13
25.22
31.22
25.22
1.19
1.23
1.34
---16.75
---30.15
---1.97
44.39
8.05
-63.76
37.17
7.01
-54.17
Current Ratio
Quick Ratio
Debt Equity Ratio


Consumed
23.90
19.18
17.50
19.88
15.37
5.29
10.32
9.76
13.74
15.72
---
---
-0.14
18.79
0.67
17.37
0.69

51.40
33.73
48.60
66.27
--
53.07
34.76
59.67
71.20
0.04
39.66
29.19
60.34
70.81
0.28
51.12
37.85
41.02
58.01
0.38
26.87
22.15
72.75
77.59
0.29
Dec
'13
Dec '12
Dec '11
Dec '10
Dec '09
58.36
416.78
56.52
393.23
70.59
383.09
59.66
344.59
85.58
320.45
Earnings Per Share

Book Value

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A popular way to analyze the financial statements is by computing ratios.

Financial statements of AMBUJA CEMENTS

Balance Sheet of Ambuja Cements

------------------- in Rs. Cr. ------------------Dec '13

Total Share Capital

Capital Work in Progress

Consolidated Profit & Loss account

------------------- in Rs. Cr. ------------------Dec '13

------------------- in Rs. Cr. -------------------

Operating Profit Margin(%)

Inventory Turnover Ratio

Average Raw Material Holding

Investment Valuation Ratios

Material Cost Composition

Dividend Payout Ratio Net Profit

2) FINANCIAL STATEMENT OF INDIA CEMENTS

------------------- in Rs. Cr. ------------------Mar '13

Total Share Capital

Consolidated Profit & Loss account

------------------- in Rs. Cr. ------------------Mar '13

Shares in issue (lakhs)

------------------- in Rs. Cr. -------------------

Operating Profit Margin(%)

Inventory Turnover Ratio

Average Raw Material Holding

Material Cost Composition

Investment Valuation Ratios

FINANCIAL STATEMENT OF RAMCO CEMENTS

------------------- in Rs. Cr. ------------------Mar '14

Total Share Capital

The Ramco Cements

Key Financial Ratios

Operating Profit Margin(%)

Inventory Turnover Ratio

Average Raw Material Holding

Investment Valuation Ratios

Material Cost Composition

Dividend Payout Ratio Net Profit

Earnings Per Share

4) FINANCIAL STATEMENT OF SHREE CEMENTS

------------------- in Rs. Cr. ------------------Jun '13

Total Share Capital

Capital Work in Progress

------------------- in Rs. Cr. ------------------Jun '13

Key Financial Ratios

Operating Profit Margin(%)

Inventory Turnover Ratio

Average Raw Material Holding

Material Cost Composition

Investment Valuation Ratios

Selling Distribution Cost Composition

Earnings Per Share

ACC CEMENTS FINANCIAL STATEMENTS

Total Share Capital

Capital Work in Progress

Consolidated Profit & Loss account

------------------- in Rs. Cr. ------------------Dec '13

Key Financial Ratios

Operating Profit Margin(%)

Inventory Turnover Ratio

Investment Valuation Ratios

Average Raw Material Holding

Material Cost Composition

Dividend Payout Ratio Net Profit