Group Members Roll. No.

Contribution
Varun Achar 20181001 Profitability Analysis
Janit Gupta 20181015 Profitability Analysis
Fenil Maru 20181029 Investors Analysis
Pranav Sawaragi 20181042 Shareholding Pattern and Long term debt Analysis
Nitin Verma 20181055 Shareholding Pattern and Long term debt Analysis
Rishabh Kumbhat 20181124 Investors Analysis
 LIQUIDITY
Hero TVS Bajaj
2018 2017 2018 2017 2018 2017
Current Ratio 2.03 1.82 0.682 0.767 2.24 2.92
Quick Ratio 0.38 0.41 0.33 0.44 0.55 0.39
Debtors Turnover ration in Days 17.11 16.81 19.95 18.01 71.11 53.75
Inventory Turnover In Days 12.02 11.33 31.65 34.28 61.67 72.25
Creditors Turnover in days 53.31 50.27 71.75 70.14 229.76 212.78
Operating Cycle in Days -24.18 -22.13 -20.15 -17.85 -96.98 -86.78
Working Capital 4504.86 3359.85 -1,201.39 -664.19 5140.08 6194.53

Current Ratio : Bajaj & Hero has made a huge short term investment whereas eicher had made moderate amount of
investment and tvs had not made any investment that is the reason bajaj has set a benchmark.

Quick Ratio: Benchmark is eicher here as it has increased from 0.046 to 0.58 because it has increased its cash balance
whereas bajaj has been placed second due to the same reason followed by hero. The ratio of tvs has been decreased
due to increase in current liability
 (Consilidated and currency in Yen)
Eicher Averages Suzuki
2018 2017 2018 2017 2018 2017
1.15 0.91 1.5255 1.60425 1.56 1.64
0.58 0.046 0.46 0.3215 1.18 1.27
9.71 11.34 29.47 24.9775 35.39 38.82
110.41 138.19 53.9375 64.0125 47.15 49.9
304.48 381.08 164.825 178.5675 60.02 67.02
-184.36 -231.55 -81.4175 -89.5775 22.52 21.7
-713.22 -393.1 1932.5825 2124.2725 698814 767854

moderate amount of As per indian automobile industry Suzuki is able to maintain

nchmark. standard

ased its cash balance

has been decreased
ki is able to maintain
 HERO MOTOCORP LTD. EIC
Shareholding Pattern Share
2018 % 2017 %
Promoter and Promoter and
Promoter Promoter
Group(Indian) 69,166,082.00 35% 69,166,082.00 35% Group(Indian)
Public
Shareholding -
Institutions 107,786,425.00 54% 110,163,557.00 55% Foreign
Non Institutions 22,758,948.00 11% 20,367,199.00 10% Institution
Total 199,711,455.00 100.00 199,696,838.00 100.00 Non-Institutional
Total

There was a single percent change in institutional shareholdings i.e 55% More than 50% shareholdhers
in 2017 to 54% in 2018

The maximum percentage of shareholders are from institutions. Out of

all the instutional shareholders LIC holds maximum shares i.e. 4.10% Out of entire Prom
which is decreased from last year that was 5.17% .
 EICHER MOTOR BAJAJ
Shareholding Pattern Shareholding Pattern
2018 % 2017 % 2018 %
Promoter and
Promoter
13,152,496.00 48% 13,467,490.00 49% Group(Indian) 172,838,346.00 60%

609,688.00 2% 294,694.00 1% FPI & FII 49,769,919.00 17%

10,055,481.00 37% 9,926,083.00 36% Institution 17,960,296.00 6%
3,437,884.00 13% 3,521,982.00 13% Non Institutiona 48,798,459.00 17%
27,255,549.00 100.00 27,210,249.00 100.00 Total 289,367,020.00 100.00

than 50% shareholdhers are Promoters and out of that 49% are More than 77% shareholders are Promotors out of which ma
Indians. are Indians i.e. 60%.

Out of entire Promotors 45.6% is of volvo group

BAJAJ TVS MOTORS
olding Pattern
2017 % Long-Term Debt-Paying Ratios 2018 2017

173,113,888.00 60% Times Interest Earned = EBIT/Interest 15.69 16.39

50,464,921.00 17% Debt Ratio = Total Liabilities/Total Assets 0.60 0.59

16,332,729.00 6% Debt/Equity Ratio = Long term Debt/Sharehol 0.11 0.19
49,455,482.00 17% Debt to Tagible Net Worth Ratio = Total Liabil -89.03 -611.25
289,367,020.00 100.00

re Promotors out of which maximum

dians i.e. 60%.
The Times Interest Earned Ratio has been reduced marginally
which states risk in the balancesheet. Even Debt/Equity ratio is
decreased marginally which is positive for the company
 SUZUKI

Long-term Debt-Paying ratio 2018 2017

INTEREST COVERAGE RATIO 48.10942 62.87382

DEBT RATIO 0.522504 0.554862

Debt to Equity Ratio 0.315521 0.38991

The Times Interest Earned Ratio has been reduced

drastically by almost 15% which states risk in the
balancesheet. Even Debt/Equity ratio is decreased
marginally which is positive for the company
 Profitability
Hero Motors Bajaj Motors Eicher Motors Tvs Motors
Particulars
2018 2017 2018 2017 2018 2017 2018
Net Profit Margin (in %) 15.95 15.09 14.7 16.21 18.59 19.63 4.28

Total Asset Turnover 2.09 2.26 1.07 1.1 1.18 1.43 1.52

Return on Assets 0.33 0.34 0.17 0.18 0.21 0.28 0.06

Operating Income Margin (%) 17.55 16.78 31.89 36.65 49.63 53.34 28.04

Operating Asset Turnover 6.92 7.33 11.73 10.43 5.56 7.16 2.36
Return on Operating Assets 1.21 1.23 3.74 3.82 5.55 7.16 0.66
Du pont on Operating assets 1.21 1.23 0.04 0.05 0.21 0.28 0.06

Sales to fixed assets 6.61 6.74 1.75 2.02 1.81 1.95 3.78

Return On Investment (%) 31.46 33.45 14.06 13.23 31.92 39.82 20.53
Gross Profit Margin (%) 33.58 38.33 31.89 36.65 49.63 53.34 28.04

Interpretation: From the above ratios we can see that Eicher had outperformed in major of the ratios in terms of profitability,f
set a benchmark for others whereas tvs and suzuki have been performed below average.
 Tvs Motors Suzuki Average
1st & 2nd
2017 2018 2017 2018 2017
4.23 7.33 6.23 12.17 12.278 eicher,hero

1.57 1.12 1.01 1.396 1.474 hero,tvs

0.06 0.08 0.06 0.17 0.184 hero,eicher

32.87 10 8 27.422 29.528 eicher,bajaj

2.42 2.73 2.78 5.86 6.024 bajaj,hero

0.79 0.27 0.23 2.286 2.646 eicher,bajaj
0.06 0.27 0.23 0.358 0.37 hero,suzuki

3.94 4.67 4.18 3.724 3.766 suzuki,hero

19.61 13.13 10.25 22.22 23.272 eicher,hero

32.87 29.43 28.64 34.514 37.966 eicher,hero

ratios in terms of profitability,followed by Hero. It has

formed below average.
 Interpretation

Eicher have outperformed in terms of net profit

Hero has maximum turnover in terms of asset which
shows it has utilised it assets optimum
here again hero shows that assets has utilised its assets
in optimum manner
eicher and bajaj shows that they have good operating
profit
Bajaj here shows it has utilised its operating assets as
compared to other companies which menas it is able to
generate operating profits but not able to generate net
profits

in comparison to other companies here suzuki is able to

generate more sales in terms of net assets which shows
it hasa utilise3d it fixed assets
eicher is able to generate maximum returns on
investment which shows that it provide maximum
returns to its investors
INVESTOR ANALYSIS in RUPEES
Ratios EICHER BAJAJ HERO TVS
2018 2017 2018 2017 2018 2017 2018 2017
Degree Of Financial Leverag 1.728199 1.45959 1.000225 1.000262 1.001192 1.001299 1 1
Earning per share 629.07 573.75 140.6 132.3 185.14 169.12 13.95 11.75
Price/Earnings Ratio = Marke45.18801 49.5904 19.55121 21.20522 19.137 19.051 44.39427 36.66383
Dividend Payout Ratio = Div - - 0.426743 0.415722 0.513 0.503
Dividend Yield = Dividend pe- - 0.024204 0.027 0.026
Book value per share = (Tota- - 883.42

COMMENT
DOL On the basis of average eicher motors has highest leverage as compared to the rest,this means
eicher has highest debt amongst the 4 companies thus paying higher interest and thus has
higher risk.

eps On the basis of average eicher motors has highest EPS,HERO being the second.And the
company having the least is TVS.
P.E RATIO On the basis of avg. of p.e ratio bajaj and hero are under valued thus having lower risk as
compared to eicher and tvs having p.e ratio higher than the average.
 in YEN
AVG AVG Suzuki
2018 2017 2018 2017
1.1824 1.1153 1.0212 1.0162
242.19 221.73 560.96 402.48
32.068 31.628 12.43509 12.83381
0.156204 0.121386

to the rest,this means

nterest and thus has

e second.And the

having lower risk as

average.