Ace Equity – Ratios

Operational & Financial Ratios

Particulars Formula Applied Remarks

(Reported Net Profit / Equity Paid up) * Face
Earnings Per Share (Rs) Value
(Net Profit + Depreciation / Equity Paid up) *
CEPS(Rs) Face Value
((Equity Dividend Amount + Interim Dividend
DPS(Rs) Amount) / Equity Paid up) * Face Value
(Networth - Revaluation reserve - Misc Exp not
Book NAV/Share(Rs) written off) / Equity Paid up * Face Value
Tax Rate(%) Tax / Profit before tax * 100

Dividend payout(%) DPS / EPS *100

Margin Ratios

Particulars Formula Applied Remarks

EBITDA Margin(%) EBITDA / Gross Sales * 100

PBIT Margin(%) (PBT - Interest) / Gross Sales * 100

Pre Tax Margin(%) (Profit Before Tax / Gross Sales) * 100

Performance Ratios

Particulars Formula Applied Remarks

BS items
Average
ROA(%) Reported Net Profit / Total Assets*100 of 2 Years
Reported Net Profit / (Equity Paid Up+total BS items
reserves-Revaluation Reserve- Average
ROE(%) Miscellaneous exp not written off)*100 of 2Years
(Profit Before tax+Interest) / (Equity Paid
Up+total reserves+total debt- BS items
Revaluation Reserve-Miscellaneous exp not Average
ROCE(%) written off)*100 of 2 Years
BS items
Average
Asset Turnover(x) Gross Sales / Total Assets of 2 Years
BS items
Average
Sales / Gross Fixed Asset(x) Gross Sales / Gross Fixed Assets of 2 Years
Working Capital/Sales(x) Gross Sales / Net Current Assets

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 Ace Equity – Ratios

Efficiency Ratios

Particulars Formula Applied Remarks

BS items
Average
Gross Fixed Assets /Sales Gross Block / Gross Sales * 100 of 2 Years
BS items
Average
Receivable days (Avg A/Cs Receivables / Gross Sales) * 365 of 2 Years
BS items
Average
Inventory Days (Avg Inventory / Gross Sales)*365 of 2 Years
Avg Creditors /
(Raw_matrs_consumed+Power_Fuel+Employe
es
Payable days
+Other_Mfg_Exps+Director_fees_remuneration BS items
s+Insurance+Sellg_Exps+ Average
Depreciation-Closing_WIP+Opening_WIP)*365 of 2 Years

Valuation Parameters

Particulars Formula Applied Remarks

PER(x) Close Price / EPS
PCE(x) Close Price / CEPS
Price/Book(x) Close Price / BV
(Dividend % * Face Value ) / Un Adj. Year End
Yield (%) Close Price
(Year End Mcap + Total debt - Cash & Bank
EV/Net Sales(x) bal) / Net Sales
(Year End Market Cap+Total Debt - Cash &
EV/Core EBITDA(x) Bank Bal) / EBITDA
(Year End Market Cap+Total Debt - Cash &
EV/EBIT(x) Bank Bal) / EBIT
(Year End Market Cap+Total Debt - Cash &
EV/CE(x) Bank Bal) / Capital Employed

Growth Ratio

Particulars Formula Applied Remarks

Net Sales Growth(%) (CY-PY)/PY*100
Core EBITDA Growth(%) (CY-PY)/PY*100
EBIT Growth(%) (CY-PY)/PY*100
PAT Growth(%) (CY-PY)/PY*100

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Financial Stability Ratios
Particulars
Total Debt/Equity(%)
Current Ratio(x)
Quick Ratio(x)
Interest Cover(x)
Total Debt/Mcap(%)
Cash Flow Ratios
Particulars
Cash Flow Per Share
Price to Cash Flow Ratio
Free Cash Flow Per Share
Price to Free Cash Flow ratio
Free Cash Flow Yield
Sales to Cash Flow Ratio
Sales per share
Cash flow per share
Stock Cues
Particulars
TTM EPS(Unit Curr)
TTM P/E Ratio (x)
Dividend Yield %
Enterprice Value
TTM CEPS(Unit Curr)
EV/ TTM EBITDA (x)
EV /TTM Sales (x)
Mcap / TTM Sales (x)
Ace Equity – Ratios
Formula Applied Remarks
BS items
Average
Debt / Equity of Two Years
Current Assets / Current Liabilities
(Current Assets - Inventory)/Current Liabilities
Interest / (PBIDT)
Total Debt / Market Cap
Formula Applied Remarks
(Cash flow from operating activities - preference
dividend) / Equity Paid Up * face value
Year End Price / ((Cash flow from operating
activities - preference dividend)
/ Equity paid up * face value)
(Profit after tax + Depreciation-Changes in
Working capital-Purchase of fixed assets)
/ Equity paid up * face value
Year End price / ((Profit after tax +
Depreciation-Changes in Working capital-
Purchase of fixed assets) / Equity paid up * face
value)
((Profit after tax + Depreciation-Changes in
Working capital-Purchase of fixed assets)
/ Equity paid up * face value) / Year End price
Sales per share / cash flow per share
((Net Sales / (Equity Paid up * Face value)
((Cash flow from operating activities-
pref.dividend)/(equity paid up * face value))
Formula Applied Remarks
TTM PAT / latest Equity * Latest Face Value
Price / TTM EPS
(Dividend % * Latest Face Value) / Latest Price
Latest Mcap+Debt-Cash & Bank Bal
Latest Mcap+Borrowings-Cash and Bank
bal(For Banks)
(TTM Cash Profit / latest Equity) * Latest Face
Value
(Latest Mcap+Total Debt-cash & bank bal) /
TTM Operating Profit
(Latest Mcap+Total Debt-cash & bank bal) /
TTM Net Sales
Latest Mcap / TTM Net Sales
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 Ace Equity – Ratios

Du Pont analysis

Particulars Formula Applied Remarks

PBITM(%)
Sales / Total Assets (x)
Return on Assets
Interest to Debt
Debt to assets
Return on Assets (After Interest)
Assets to Shareholders' funds
ROE before Other income
Other inc to shareholders' funds
ROE after Other income
Tax rate
ROE After Tax rate
PBIT / Gross Sales * 100
Gross Sales / Total Assets
((PBIT / Gross Sales) * 100)*(Gross Sales /
Total Assets)
interest / total debt
total debt / total assets
(Profit after tax / share holders funds) - (interest
/ total assets)
Total assets / share holders funds
(Return on assets - interest to assets)* (assets
to share holders funds)
other income / share holders funds
ROE before other income + other income to
share holders funds
Tax / PBT * 100
(ROE after other income * Tax rate/100) - ROE
after other income

Bank – Ratios

Particulars Formula Applied Remarks

Yield on Advances Interest Earned / Advances * 100
(Interest on investments+profit on investments)
Yield on Investments / total investments
Cost of Liabilities interest / (Borrowings+deposits)*100
(interest earned - interest expended) / total
NIM assets*100
(Interest Earned / Advances * 100) -
((interest earned - interest expended) /
Interest Spread advances*100)
Loans/Deposits(x) Borrowings / Deposits
Cash/Deposits(x) Cash and Bank bal with RBI / Deposits
Investment/Deposits(x) Investment / Deposits
Credit-Deposit Advances / Deposits*100
Interest Expended / Interest
Earned Interest expended / Interest_earned*100
Interest income / total funds Interest_earned / Total_sounces_Funds*100
Interest Expended / Total Funds Interest / Total_sounces_Funds*100
(Interest_earned – Interest expended ) /
Net Interest Income / Total Funds Total_sources_Funds*100
(Current Deposits+Demand Deposits+Saving
CASA Deposits)/Deposits*100

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