RATIO ANALYSIS

Balance sheet of Bata India ------------------- in Rs. Cr. -------------------

Dec '04 Dec '05 Dec '06 Dec '07 Dec '08

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds
Total Share Capital 51.42 64.26 64.26 64.26 64.26
Equity Share Capital 51.42 64.26 64.26 64.26 64.26
Share Application Money 0 0 0 0 0
Preference Share Capital 0 0 0 0 0
Reserves 48.56 114.69 119.22 147.23 189.17
Revaluation Reserves 84.18 82.52 28.52 39.89 37.72
Networth 184.16 261.47 212 251.38 291.15
Secured Loans 112.16 59.37 48.06 45.07 35.91
Unsecured Loans 12.19 17.17 0.27 6.73 8.72
Total Debt 124.35 76.54 48.33 51.8 44.63
Total Liabilities 308.51 338.01 260.33 303.18 335.78
Dec '04 Dec '05 Dec '06 Dec '07 Dec '08

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds
Gross Block 358.01 363.26 306.58 324.52 349.34
Less: Accum. Depreciation 219.75 231.81 227.17 220.6 232.31
Net Block 138.26 131.45 79.41 103.92 117.03
Capital Work in Progress 1.39 0.47 0.84 0.31 0.86
Investments 4.85 4.98 17.24 17.25 17.25
Inventories 262.16 278.76 276.36 303.74 292.23
Sundry Debtors 48.04 27.94 21.61 22.86 25.89
Cash and Bank Balance 13.04 7.03 4.16 13.81 8.8
Total Current Assets 323.24 313.73 302.13 340.41 326.92
Loans and Advances 61.21 61.25 43.43 53.24 96.75
Fixed Deposits 1.62 13.33 10.14 18.91 17.96

Total CA, Loans & Advances 386.07 388.31 355.7 412.56 441.63
Deffered Credit 0 0 0 0 0
Current Liabilities 217.03 168.97 177.71 198.4 194.36
Provisions 31.12 36.31 15.17 33.65 54.26
Total CL & Provisions 248.15 205.28 192.88 232.05 248.62
Net Current Assets 137.92 183.03 162.82 180.51 193.01
Miscellaneous Expenses 26.11 18.08 0 1.2 7.65
Total Assets 308.53 338.01 260.31 303.19 335.8

Contingent Liabilities 111.36 127.49 127.35 82.07 54.62

Book Value (Rs) 19.44 27.85 28.55 32.91 39.44

LIQUIDITY RATIO
current ratio 1.489379 1.85672 1.700129 1.715776 1.682033
quick ratio 0.281436 0.20696 0.145012 0.184829 0.178483
Debt equity ratio 0.675228 0.29273 0.227972 0.206063 0.153289

DEBT COVERAGE RATIO

Interest cover -4.306533 2.042518 5.528855 5.086411 4.930058

MANAGEMENT EFFICIENCY RATIO

Inventory turnover ratio 2.770598 2.635314 2.878058 2.934549 3.465832
Debtor turnover ratio 15.11948 26.29277 36.80611 38.99125 39.12012
Fixed asset turnover ratio 3.94407 2.809577 3.751792 3.545787 3.478688
Asset turnover ratio 2.354348 2.173368 3.055276 2.93997 3.01632

PROFITABILITY RATIO
Gross profit margin(%) -5.394168 5.009393 9.058563 9.502547 10.27922
Net profit margin(%) -8.639205 1.700199 5.047902 5.322324 5.997117
Return on net worth(%) -34.07363 4.776839 18.93868 18.87183 20.8621
EPS (earning per share) -12.20295 1.943545 6.247666 7.382049 9.451637
 ------------
Profit & Loss ------- in
account of Bata Rs. Cr.
------------
India -------
Dec '04 Dec '05 Dec '06 Dec '07 Dec '08

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales Turnover 726.34 734.62 795.38 891.34 1,012.82
Excise Duty 30.51 27.49 24.45 23.58 22.86
Net Sales 695.83 707.13 770.93 867.76 989.96
Other Income -28.81 12.2 14.68 12.45 1.63
Stock Adjustments -12.95 18.78 1.56 29.28 -10.69
Total Income 654.07 738.11 787.17 909.49 980.9
Expenditure
Raw Materials 383.36 375.32 370.96 441.63 458.74
Power & Fuel Cost 22.49 22.65 24.03 25.74 28.22
Employee Cost 185.01 180.75 184.86 184.06 173.22
Other Manufacturing Expenses 6.37 3.71 24.82 20.96 21.46
Selling and Admin Expenses 87.6 110.78 107.92 137.55 170.98
Miscellaneous Expenses 8.42 8.1 2.53 14.85 24.17
Preoperative Exp Capitalised 0 0 0 0 0
Total Expenses 693.25 701.31 715.12 824.79 876.79
Dec '04 Dec '05 Dec '06 Dec '07 Dec '08

12 mths 12 mths 12 mths 12 mths 12 mths

Operating Profit -10.37 24.6 57.37 72.25 102.48

PBDIT -39.18 36.8 72.05 84.7 104.11
Interest 11.94 12.23 10.57 13.54 17.3
PBDT -51.12 24.57 61.48 71.16 86.81
Depreciation 12.33 11.91 13.62 15.92 18.91
Other Written Off 0.09 0.09 0.01 0.09 0.09
Profit Before Tax -63.54 12.57 47.85 55.15 67.81
Extra-ordinary items 0.79 1.03 0.52 -3.64 4.03

PBT (Post Extra-ord Items) -62.75 13.6 48.37 51.51 71.84

Tax 0 1.1 8.21 4.06 11.1
Reported Net Profit -62.75 12.49 40.15 47.44 60.74
Total Value Addition 309.88 325.99 344.17 383.16 418.05
Preference Dividend 0 0 0 0 0
Equity Dividend 0 0 0 12.85 16.07
Corporate Dividend Tax 0 0 0 2.18 2.73
Per share data (annualised)
Shares in issue (lakhs) 514.22 642.64 642.64 642.64 642.64
Earning Per Share (Rs) -12.2 1.94 6.25 7.38 9.45
Equity Dividend (%) 0 0 0 20 25

Book Value (Rs) 19.44 27.85 28.55 32.91 39.44

RATIO ANALYSIS

PROFITABILITY RATIO
Current ratio
Quick ratio
Debt equity ratio

DEBT COVERAGE RATIO

Interest cover

MANAGEMENT EFFICIENCY RATIO

Inventory turnover ratio
Debtor turnover ratio
Fixed asset turnover ratio
Asset turnover ratio

PROFITABILITY RATIO
Gross profit margin(%)
Net profit margin(%)
Return on net worth(%)
EPS (earning per share)
This ratio is around 1.7,however it increased from 1.4 after '04 and after that remain at around 1.7.
This ratio shows the true current assets that is current asset minus inventory.we can see that lavel of inventory is quiet high fo
This ratio is constantly decreasing that financing through debt is decreasing and amount of equity in capital structure is increa

This ratio is increasing to a large extent.this means that amount of interest is increasing rapidly.

This ratio is increasing for the period, it will be better for the company because it will raduce the inventory conversion period.
This ratio is constantly increasing from 15 to 39 recently, it will be better for the cpmpany because it will reduce DSO.
It shows the sales on each rupee of fixed assets of a company.however it decreased from 4 to 3.4 which shows that company
it shows the sales on each rupee of total assets of a company.it is increasing which is good for the company in long term.

it shows the total profitability of a company without taking into account taxes and depriciation.it increased from -5% to 10% re
it shows the net profitability of a company .it is increased from -8% to 6% recently which is good for the company to sustain it
it is increasing from -34% to 20%,which is a good sign.this is because of the increase sales.
this ratio is increasing tremendously, it is increased from -12% to 9.45%.
on was not good.