Professional Documents
Culture Documents
II) EXPENSES
COGS 304102.40 228780.25 489159.42 1630720.03
Selling, administrative & other expenses 202.10 359.82 2405.73 2666.97
Employee benefit expenses 70.07 57.75 399.26 1129.57
Finance Cost 2995.14 3430.72 4782.69 5776.67
Depreciation and amortization expenses 20.61 20.83 622.23 790.07
TOTAL EXPENSES 307390.31 232649.36 497369.33 1641083.31
II) EXPENSES
COGS 97.39% 97.20% 96.93% 98.71%
Selling, administrative & other expenses 0.06% 0.15% 0.48% 0.16%
Employee benefit expenses 0.02% 0.02% 0.08% 0.07%
Finance Cost 0.96% 1.46% 0.95% 0.35%
Depreciation and amortization expenses 0.01% 0.01% 0.12% 0.05%
TOTAL EXPENSES 98.44% 98.84% 98.56% 99.33%
X) Profit for the period from continuing operations( 1.45% 0.96% 1.30% 0.65%
XI) Profit from discontinuing operations 0.00% 0.00% 0.00% 0.00%
XII) Tax expenses of discontinuing operations 0.00% 0.00% 0.00% 0.00%
XIII) Profit from discontinuing operations (XI-XII) 0.00% 0.00% 0.00% 0.00%
XIV) PAT (X+XI+XII+XIII) 1.45% 0.96% 1.30% 0.65%
II) EXPENSES
99.13% COGS 100.00% 75.23%
0.06% Selling, administrative & other expenses 100.00% 178.04%
0.09% Employee benefit expenses 100.00% 82.42%
0.18% Finance Cost 100.00% 114.54%
0.03% Depreciation and amortization expenses 100.00% 101.08%
99.48% TOTAL EXPENSES 100.00% 75.69%
CURRENT ASSETS
Inventries 7753.03 5713.04 5675.30 9926.08 11627.67 11535.17
Trade receivables 23291.05 24151.93 29898.38 48896.14 50198.56 58111.68
Cash & cash equivalents 98457.63 72141.61 114063.82 120629.42 148401.99
Short term loans & advances 4596.66 4314.72 3280.61 3125.52 3610.16 3486.70
Other current assets 3556.75 3814.16 4221.60 4336.46 4907.16 5299.73
CURRENT LIABILITY
short term borrowings 27286.13 31176.19 38424.88 45939.89 55522.38
trade payables 80499.08 52155.09 87388.44 108532.98 121452.51 116223.35
other current liabilities 5718.40 778.85 230.36 137.36 257.05 193.71
short term provisions 665.38 760.61 1066.94 1867.85 482.97
CURRENT ASSETS
12886.85 14425.98 Inventries 5.60% 5.08% 3.53%
65085.08 72895.29 Trade receivables 16.83% 21.49% 18.59%
Cash & cash equivalents 71.14% 64.19% 70.93%
3905.10 4373.72 Short term loans & advances 3.32% 3.84% 2.04%
5723.71 6181.61 Other current assets 2.57% 3.39% 2.63%
CURRENT LIABILITY
short term borrowings 19.72% 27.74% 23.90%
130170.15 145790.57 trade payables 58.16% 46.41% 54.34%
216.95 242.98 other current liabilities 4.13% 0.69% 0.14%
short term provisions 0.48% 0.68% 0.66%
CURRENT ASSETS
4.74% 4.82% Inventries 100% 74% 73% 128%
23.35% 20.80% Trade receivables 100% 104% 128% 210%
57.60% 61.50% Cash & cash equivalents 100% 73% 116% 123%
1.49% 1.50% Short term loans & advances 100% 94% 71% 68%
2.07% 2.03% Other current assets 100% 107% 119% 122%
CURRENT LIABILITY
21.94% 23.01% short term borrowings 100% 114% 141% 168%
51.83% 50.33% trade payables 100% 65% 109% 135%
0.07% 0.11% other current liabilities 100% 14% 4% 2%
0.89% 0.20% short term provisions 100% 114% 160% 281%
840%
25211%
26890%
0%
8411%
150%
216%
151%
79%
138%
174%
100%
245%
4324%
2356%
203%
151%
4%
73%
174%
Mar-13 Mar-14 Mar-15 Mar-16 Mar-17
1 LIQUIDITY RATIO
CURRENT RATIO 120.57% 129.77% 123.62% 119.45% 123.09%
QUICK RATIO 113.78% 123.04% 119.16% 113.11% 116.55%
ABSOLUTE RATIO 89.35% 89.50% 93.06% 79.86% 86.27%
2 PROFITABILITY RATIO
GROSS PROFIT RATIO 2.61% 2.80% 3.07% 1.29% 0.87%
OPERATING PROFIT RATIO 2.53% 2.62% 2.39% 1.02% 0.72%
NET PROFIT RATIO 1.45% 0.96% 1.30% 0.65% 0.52%
EARNING PER SHARE RATIO 15.33 7.69 22.18 36.21 42.30
PRICE EARNING RATIO 8.00 12.99 9.02 17.12 14.23
RETURN ON EQITY RATIO 18.74% 8.28% 19.48% 22.35% 21.23%
3 ACTIVITY RATIO
ASSET TURNOVER RATIO 2.42 1.88 3.69 8.93 10.74
WORKING CAPITAL TURNOVER RATIO 13.30 9.32 16.80 54.28 59.01
FIXED ASSET TURNOVER RATIO 107.43 57.70 33.83 48.91 95.69
4 SOLVENCY RATIO
DEBT EQUITY RATIO 1.13 1.14 1.15 1.07 1.00
PROPRIETARY RATIO 17.45% 24.40% 20.90% 22.84% 24.38%
FIXED ASSET TO EQUITY RATIO 3.46% 5.52% 6.48% 11.98% 19.71%
CURRENT ASSET TO EQUITY RATIO 6.86 3.61 3.86 3.50 7.40
PARTICULARS Mar-18 Mar-19 Mar-20
I) REVENUE
II) EXPENSES
EBIT
CAPX
Trade receivables 3% 3% 3%
trade payables 6% 6% 6%
ASSUMPTIONS
Impact of GST, AML, weak Rupee led to high gold prices and it pulled
down the demand in INDIA also in globe the demand fell by 24%
aacording to World Gold Council also Indian government is not cutting
the import duty on gold by 5% as demanded by Bullion companies. all
this will led to fall in revenue from operatiosn by 20%. But in fy 2018-19
and 2019-2020 revenue from operations will increase by mentioned %
as gold is expected to be in demand by several central banks and aslo
will be in demand as an investment for individuals
income from rent & intrest will increase with an average of 10%
company has no further plans to invest in any big assets which will help
the company to improve its revenue but slight changes will go on like
20-50mn of increasse every year
Inventries are around .6% of COGS as per past year trends so we are
assuming that it will remail the same in coming years COGS
Trade receivables are around 2.5-3% of total sales in past years so we
are assuming to be it same as past years SALES
short term loans and advances are around .15-.18% of total sales from
past trend so we are assuming it to be same in coming years SALES
Current Liability
Trade Payables 121452.5 116223.4 132494.6 153693.8
Other Current Liability 257.05 193.7056 220.8244 256.1563
df SS MS F Significance F
1 0.0007371475 0.000737148 0.03261493 0.8573142255
58 1.31088908 0.022601536
59 1.3116262275
Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%
0.0389300714 0.0204840963 1.900502269 0.062341034 -0.002073302 0.079933445 -0.002073302
0.0898545105 0.4975441904 0.18059604 0.857314226 -0.906088394 1.085797415 -0.906088394
Upper 95.0%
0.079933
1.085797
TOTAL DEBT TOTAL EQUITY COST OF DEBT COST OF EQUITY
59019.37 58841.26 6.575% 8.21%
0.500755596 0.499244404
WACC 7.390%
CAPM 8.21%
Mn
long term borrowing 3497
working capital loan 55522
int. Paid 4302
FCFF