Professional Documents
Culture Documents
31.03.2013
422.51
32,859.25
33,281.76
110.05
344,944.55
13,276.47
16,804.67
408,417.50
13,276.47
137,694.34
559,388.31
408,417.50
2550.42
93,453.04
333,625.19
9,893.58
439522.23
32164.01
14,151.18
73,550.88
Others
Other current assets
TOTAL ASSETS
559,388.30
31.03.2012
412.38
28,103.10
28,515.48
91.18
279,121.60
11,799.02
12,590.51
332,117.79
11,799.02
113,494.34
457,411.15
332,117.79
2428.19
61,080.00
292077.13
10,399.32
365984.64
25617.05
22,268.34
43,542.00
457,412.03
Share Capital
Reserve & Surplus
Minority Interest
CSE
0.00
0
14,151.18
0.00
0.00
2550.42
0
14,151.18
73,550.88
0
0
93,453.04
333,625.19
9,893.58
541,375.47
13,276.47
0.00
0.00
137,694.34
0.00
0.00
344,944.55
13,276.47
16,804.67
525,996.50
15,378.97
-18,012.84
0.00
-18,012.84
422.51
32,859.25
110.05
33,391.81
NFO+CSE
15,378.97
as at 31.03.2012
0.00
0
22,268.34
0.00
0.00
2428.19
0
22,268.34
43,542.00
0
0
61,080.00
292,077.13
10,399.32
454,063.32
11,799.02
0.00
0.00
113,494.34
0.00
0.00
279,121.60
11,799.02
12,590.51
428,804.49
25,258.83
-3,347.83
0.00
-3,347.83
412.38
28,103.10
91.18
28,606.66
25,258.83
36,442.05
0
4510.62
30,488.49
0
4100.41
0
40,952.67
0
34,588.90
24,486.41
6306.36
5409.42
19,724.24
5455.54
4192.73
36,202.19
4,750.48
78.54
29,372.51
5,216.28
53.12
4,829.02
-24.79
5,269.40
-20.83
4,804.23
5,248.57
178.72
4,982.95
1,148.70
81.44
852.48
1559.49
1,059.62
138.66
5,387.23
1,272.75
47.72
537.15
2607.32
812.29
281.19
178.72
-68.73
5,455.95
4,982.92
36,442.05
0
30,488.49
0
36,442.05
30,488.49
24,486.41
6306.36
5409.42
78.54
19,724.24
5455.54
4192.73
53.12
178.72
1,148.70
81.44
138.66
1,272.75
47.72
852.48
1,559.49
537.15
2,607.32
1,059.62
812.29
281.19
0.00
178.72
-68.73
36,160.86
30,309.77
36,160.86
30,309.77
-1827.7
-1827.7
34,333.16
-24.79
34,308.37
-1744.47
-1744.47
28,565.30
-20.83
28,544.47
Operating Expenses
Finance Cost
Operating Expense
Provisions and Contingencies
Share of earnings in Associates
5,248.36
321.70
220.55
3,501.01
395.21
848.5
1.22
930.27
11,466.82
6,336.03
295.48
238.81
1,892.81
449.66
523.98
-79.87
914.36
10,571.26
-39140.62
-45049.05
1889.31
2,852.58
90022.94
2981.62
-1827.7
23,195.90
-12781.62
-61884.83
-3545
1,031.35
81012.69
1928.7
-1744.47
14,588.08
-560.09
45.94
-514.15
-456.14
40.02
-416.12
10.13
839.86
102.3
-812.29
-930.27
-790.27
19.57
1625.11
188.37
-753.35
-914.36
165.34
21,891.48
65810.38
87,701.86
14,337.30
51423.72
65,761.02
23,195.90
514.15
22,681.75
14,588.08
416.12
14,171.96
financing flows
Debt & Equityfinancing
Change in Cash
790.27
21,891.48
-165.34
14,337.30
financing flows
22,681.75
14,171.96
(in Rs crore)
LIC housing finance
GRUH finance
HDFC
sales
earnings
7,659.60
650.44
35,948.18
1,054.00
145.88
5,465.25
5.5506638629
27.323729947
7.2163397338
x
x
x
Book value
Market value
P/S
P/E
6532.5516
14,044.77
1.8336166379 13.3252087287
490.7784
6028.09
9.2677110879 41.3222511653
32060.4
BOB's valuation
=
=
=
202277.57
937432.64
240966.65
460225.62
349
1318.70
P/B
2.149966944
12.2827125236
2009
EPS
DPS
BPS
ROCE
RE(10% charge)
discount rate(1.10^t)
present value of RE
total present value of RE
Continuing value
(assuming 5% growth in RE)
present value of CV
value per share
485.27
90.4010607199
400.4070760194
976.0781367393
2010
91.57
0
576.84
0.1886990747
43.043
1.1
39.13
2011
2012
75
89
0
0
651.84
740.84
0.1300187227
0.1365365734
17.316
23.816
1.21
1.331
14.3107438017 17.8933132983
2013
102
0
842.84
0.1376815507
27.916
1.4641
19.06700362
586.236
1429.076
Ratio analysis
Operating liability leverage
capitalization ratio
Financial leverage ratio
return on net operating assets
operating profit margin
sales profit margin
other items profit margin
comprehensive income profit margin
operating expense ratio
ROCE
asset turnover
2588.71%
65.55%
34.45%
168.97%
94.21%
99.23%
-5.02%
94.15%
0.77%
102.74%
179.35%
26531.2081075791
19.53%
20.19%
16.73%
-0.3911447997
2013
36,160.86
15,378.97
83902.355007
176337.91066
275619.23567
-18,013
257606.39567
1666.2768155
2014E
2015E
2016E
2017E
40138.5546 44553.8 49454.71 54894.73
17685.8155 20338.69 23389.49 26897.91
261.00% 251.92% 243.16%
36908.9709 40839.77 45183.59 49982.94
1.21
1.4641 1.771561
30503.28174 27894.12 25504.96
beta
rf
rm
d
cv-
312393.4
1.3
0.08
0.18
0.21
312393.4