COMPARISON WITH THE COMPETITORS

RATIO ANALYSIS FOR THE FINANCIAL YEAR MARCH 2011- MARCH 2012
LIQUIDITY RATIOS

CURRENT RATIO
JK
C
E
M
E
N
T
1.
03

ULT
RAT
ECH

B
I
R
L
A

D
A
L
M
IA

JK
LA
KS
H
MI

0.67

0
.
9
4

3.
4
5

1.
02

4
3.5
3
JK CEMENT

2.5

ULTRATECH
BIRLA

DALMIA

1.5

JK LAKSHMI

1
0.5
0
1

INTERPRTATION-the acceptable current ratio is 2.Ultratech

and Birla have ratio less than 1 which means that they can
not supply for their liabilities and there is high operating
cash flow.Dalmia has very high ratio which says that
company is not utilizing the assets efficiently.the acceptable
ratio can also be around 1.5 but JK cement also have low
ratio statstic.

QUICK RATIO
JK
C
E
M
E
N
T
0.
81

ULT
RAT
ECH

B
I
R
L
A

D
A
L
M
IA

JK
LA
KS
H
MI

0.36

3.
3
8

0.
85

4
3.5
3
JK CEMENT

2.5

ULTRATECH
BIRLA

DALMIA

1.5

JK LAKSHMI

1
0.5
0
1

Interpretation-Quick ratio of 1 i.e for Birla cement indicates

that most of the liquid assets are equal to its total debts and
company will wbe able to repay its debt,so this is
acceptable.JK Lakshmi and JK cement has less than 1 which
means that company is not able to pay back its liabilities.

DEBT EQUITY RATIO

JK
C
E
M

ULT
RAT
ECH

B
I
R
L

D
A
L
M

JK
LA
KS
H

E
N
T
0.
84

0.3

IA

MI

0
.
5

0.
0
1

0.
78

0.9
0.8
0.7
JK CEMENT

0.6

ULTRATECH

0.5

BIRLA

0.4

DALMIA
JK LAKSHMI

0.3
0.2
0.1
0
1

Interpretation-As we can see from the graph that JK cement has the highest
among all.the high det equity ratio depicts that company rely very much on
debt to finance its operations.acceptable is 1:1.
GROSS PROFIT RATIO
JK
C
E
M
E
N
T
15
.4
6

ULT
RAT
ECH

B
I
R
L
A

D
A
L
M
IA

JK
LA
KS
H
MI

17.5
3

1
4
.
7
8

1
1.
1
1

11
.5
3

20
18
16
14

JK CEMENT

12

ULTRATECH

10

BIRLA
DALMIA

JK LAKSHMI

6
4
2
0
1

Interpretation-as we can see from the graph that ultratech

has highest gpr.gross profit ratio is gross profit/net sales so
highest of ultratect may due to many reasons like the selling
price of cement may have increased but cost would have
been the same or may may have reduced which may have
led to high gross profit.j.k cement also have a good gpr
comapritive to others.
NET PROFIT RATIO
JK
C
E
M
E
N
T
6.
84

ULT
RAT
ECH

B
I
R
L
A

D
A
L
M
IA

JK
LA
KS
H
MI

13.3

1
0
.
0
3

1
7.
8
6

6.
1

20
18
16
14

JK CEMENT

12

ULTRATECH

10

BIRLA
DALMIA

JK LAKSHMI

6
4
2
0
1

Interpretation-as we can see dalmia has the highest net

profit ratio which means that most of its sales is getting
converted to profit.and vice versa in jk cement and jk
Lakshmi cement the sales are not getting converted to profit
which is depicted by low net profit ratio.
EARNINGS PER SHARE
JK
C
E
M
E
N
T
25
.3
6

ULT
RAT
ECH

B
I
R
L
A

D
A
L
M
IA

JK
LA
KS
H
MI

89.2
6

3
1
.
0
6

3.
9
9

8.
89

100
90
80
70

JK CEMENT

60

ULTRATECH

50

BIRLA

40

DALMIA
JK LAKSHMI

30
20
10
0
1

INVENTORY TURNOVER RATIO

JK
C
E
M
E
N
T
20
.3
5

ULT
RAT
ECH

B
I
R
L
A

D
A
L
M
IA

JK
LA
KS
H
MI

15.7
3

1
9
.
7
7

4.
8
6

16

25
20
JK CEMENT
15

ULTRATECH
BIRLA
DALMIA

10

JK LAKSHMI
5
0
1

Interpretation-there is no bench mark for this.jk cement has

highest among them which is better because a low inventory
turnover depicts that company is overstocking and is unable
to sell their products at decent rate.
DEBTORS TURNOVER RATIO
JK
C
E
M
E
N
T
35
.2
3

ULT
RAT
ECH

B
I
R
L
A

D
A
L
M
IA

JK
LA
KS
H
MI

26.7
1

5
6
.
1
8

1
3.
3

50
.1
4

60
50
JK CEMENT

40

ULTRATECH
BIRLA

30

DALMIA
JK LAKSHMI

20
10
0
1

Interpretation-as we can see that birla cement and jk

lakshmi cement has comparatively high debtor turnover
ratio which means that they are able to collect money from
their debtor at a more faster face.
ASSET TURNOVER RATIO
JK
C
E
M
E
N
T
0.
96

ULT
RAT
ECH

B
I
R
L
A

D
A
L
M
IA

JK
LA
KS
H
MI

1.16

0
.
7
2

0.
3
1

0.
83

1.4
1.2
1

JK CEMENT
ULTRATECH

0.8

BIRLA
0.6

DALMIA
JK LAKSHMI

0.4
0.2
0
1

INTEREST COVERAGE RATIO

JK
C
E
M
E
N
T
3.
05

ULT
RAT
ECH

B
I
R
L
A

D
A
L
M
IA

JK
LA
KS
H
MI

14.8
5

4
.
0
4

1
3
5.
4
8

3.
28

160
140
120
JK CEMENT

100

ULTRATECH
BIRLA

80

DALMIA

60

JK LAKSHMI

40
20
0
1

ANALYSIS OF CASH FLOW

NET CASH FROM OPERATING ACTIVITIES
JK
C
E
M
E
N
T
52
1.
76

ULT
RAT
ECH

B
I
R
L
A

D
A
L
M
IA

JK
LA
KS
H
MI

344
3.4

1
6
7
.
7

4
2.
9
8

37
7.
82

NET CASH FROM INVESTING ACTIVITIES

JK
C
E
M
E

ULT
RAT
EC
H

B
I
R
L
A

D
A
L
M
IA

JK
LA
K
S
H

N
T
1
4
4.
5
3

MI
292
6.04

1
7
4
.
0
2

8.
6
5

35
3.
55

NET CASH FROM FINANCING ACTIVITIES

JK
C
E
M
E
N
T
26
5.
82

ULT
RAT
ECH

B
I
R
L
A

D
A
L
M
IA

JK
LA
KS
H
MI

473.
96

1
2
.
9
3

8.
0
2

24
.7
6