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Financial Ratios DuPont Analysis

Profitability Ratios SAIL 2014


SAIL 2013 2014 2015 2016 Return on Equity 0.06
Contribution Margin Ratio FLM 2.11
Gross Profit Margin 24.76 28.44 30.94 14.31 ROA 0.03
Operating Margin 9.17 6.48 8.35 -12.95
Profit Margin 4.76 5.50 4.48 -10.43

Return on Assets 0.03 0.02 -0.04


Return on Equity 0.06 0.05 -0.10

Cost Structure Ratios


SAIL 2013 2014 2015 2016
Material Cost to Sales 46.53 40.50 39.64 43.24
COGS Ratio 75.24 71.56 69.06 85.69
Operating Cost Ratio 15.59 21.96 22.59 27.26
Effective Tax Rate 33.03 18.86 11.29 42.53
Cash Tax Rate 33.03 31.48 33.03 41.46

Efficiency Ratios
2013 2014 2015 2016
Asset Turnover 87.95 92.20 104.35
Fixed Asset Turnover 5.43 3.55 2.58 1.79
Current Asset Turnover 1.80 1.93 1.78 1.94
t Analysis
2015 2016
0.05 -0.10
2.22 2.39
0.02 -0.04
Financial Ratios DuPont Analysis
Profitability Ratios DuPont Analysis
TISCO 2013 2014 2015 2016 SAIL
Contribution Margin Ratio ROE
Gross Profit Margin 35.29 39.53 33.35 32.72 DuPont Analysis
Operating Margin 24.84 27.14 24.75 18.02 Return on Equity
Profit Margin 12.95 15.09 15.20 11.64 FLM
ROA
Return on Assets 6.02 5.73 4.10 DuPont Analysis
Return on Equity 11.02 10.08 7.15 Return on Equity
FLM
Cost Structure Ratios ATO
TISCO 2013 2014 2015 2016 NPM
Material Cost to Sales 25.26 22.77 27.56 23.04
COGS Ratio 64.71 63.63 69.22 69.61
Operating Cost Ratio 10.96 11.32 11.88 10.03
Effective Tax Rate 35.39 33.99 24.32 20.00
Cash Tax Rate 25.27 25.19 24.13 19.98

Efficiency Ratios
TISCO 2013 2014 2015 2016
Asset Turnover 33.92 37.37 35.25
Fixed Asset Turnover 3.14 3.50 3.36
Current Asset Turnover 2.40 2.38 2.23
ont Analysis
Level I
2014 2015 2016
Net Income 5.60 5.60 4.10
Level II
FLM*ROA 5.60 5.60 4.02
Avg. TA/Avg 1.83 1.77 3.10
NI/Avg. TA 0.03 0.03 0.01
Level III
FLM*ATO* 5.60 5.60 4.02
Avg. TA/Avg 1.83 1.77 3.10
Net Sales/ 0.40 0.37 0.35
Net Income 0.08 0.08 0.04
Financial Ratios
Profitability Ratios
Vedanta 2013 2014 2015 2016
Gross Profit Margin 61.02% 33.95% 35.53% 57.57%
Operating Margin 2.72% -3.13% 5.74% 25.11%
Profit Margin 4.93% 3.58% 5.62% 17.24%
Return on Assets - 59.56% 40.17% 44.28%
Return on Equity - 129.99% 101.90% 99.11%

Cost Structure Ratios


Vedanta 2013 2014 2015 2016
Material Cost to Sales 9.17% 59.65% 54.93% 54.08%
COGS Ratio 48.84% 66.64% 35.53% 57.57%
Operating Cost Ratio 5.58% -4.69% 16.16% 43.62%

Efficiency Ratios
Vedanta 2013 2014 2015 2016
Asset Turnover - 59.04% 42.36% 36.37%
Fixed Asset Turnover 314.97% 266.44% 310.16% 206.91%
Current Asset Turnover - 237.91% 332.20% 244.19%

Liquidity Ratios
Vedanta 2013 2014 2015 2016
Current Ratio 35.48% 38.60% 42.26% 59.83%
DuPont Analysis
Vedanta 2013 2014 2015
Return on Equity (Net Income)/(Avg. Equity) - 129.99% 101.90%

TWO LEVELS
Return on Assets (Net Income)/(Avg. Total Assets) - 59.56% 40.17%
Financial Leverage Multiplier (Avg. Total Assets)/(Avg. Equity) - 2.18 2.54

THREE LEVELS
Net Profit Margin (Net Income)/(Net Sale) 109.86% 100.89% 100.58%
Asset Turn Over (Net Sales)/(Avg. Total Assets) - 0.60 0.43
Financial Leverage Multiplier (Avg. Total Assets)/(Avg. Equity) - 2.18 2.54
2016
99.11%

44.28%
2.24

121.73%
0.44
2.24
Financial Ratios DuPont Analys
Profitability Ratios Hindustan Zinc ltd
Hindustan Zinc ltd 2013 2014 2015 2016 Return on Equity
Gross Profit Margin 45.94 44.84 45.81 41.66 Return on assets
Operating Margin 51.03 50.6 50.17 46.67 ROE
Profit Margin 54.32 50.63 55.3 57.4
Return on long term funds 24.37 21.41 22.13 23.15
Return on Assets 76.39 88.56 102.6 88.48
Return on Capital employed 24.37 21.41 22.13 23.15
Efficiency Ratios
Hindustan Zinc ltd 2013 2014 2015 2016
Investments Turnover Ratio 12.29 12.46 13.29 14.66
Fixed Asset Turnover 1.04 1.01 1.03 0.91
Inventory Turnover Ratio 12.29 12.46 13.29 14.66
ont Analysis
2014 2015 2016
21.38 18.45 18.81
16.7 16.7 14.8
21.38 18.45 18.86
DuPont Analysis
SAIL 2014 2015 2016
Return on Equity 0.08 0.05 0.09
FLM 2.72 2.86 3.08
ROA 0.03 0.02 34.22