Dabur
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Project On Annual Report Analyses Prepared By: K Sai Prasad Company: Dabur India Ltd
CONTENTS
Company Directors Return on Net Worth (RONW) Earnings Per Share (EPS) Cash Earnings Per Share (CEPS) Net Asset Value (NAV) Debt Equity (D/E) Current Ratio Quick Ratio Collection Period (Days) Suppliers Credit (Days)
CONTENTS
Inventory Holding Period (Days) Overall Efficiency Ratio Fixed Asset Turnover Ratio Debtors Turnover Ratio Inventory Turnover Ratio Creditors Turnover Ratio Calculation
Company Directors
Return on Net Worth (RONW)(PAT – Preference Dividend) x 100 Net Worth (Equity Capital + Reserves & Surplus – Miscellaneous Expenditure Not Written Off
RONW 2005-06 =
18857.17 x 100 5733.03 + 39053.84 – 3287.48
=
1885717 41499.39
=
45.44
RONW 2004-05 =
14801.99 x 100 2864.20 + 30943.15 – 581.04
=
1480199 33226.31
=
44.55
Earnings Per Share (EPS) PAT – Preference Dividend Weight Average No. of Equity Shares Outstanding
EPS 2005-06 =
EPS 2004-05 =
18857.17 2866.52
14801.99 2866.52
= 6.6
EPS After Bonus 2005-06 =
= 5.2
EPS After Bonus 2005-06 =
18857.17 5733.03
14801.99 5733.03
= 3.30
= 2.58
Cash Earnings Per Share (CEPS) PAT – Preference Dividend + Non-cash Charges Weight Average No. of Equity Shares Outstanding
CEPS 2005-06 =
CEPS 2004-05 =
18857.17 + 2330.83 2866.52
14801.99 + 1859.25 2866.52
= 7.39
= 5.81
Net Asset Value (NAV) Equity Shareholder’s Fund or Net Worth No of Equity Shares Outstanding
NAV 2005-06 =
NAV 2004-05 =
41499.39
= 14.48
2866.52
33226.31 2866.52
= 11.59
Debt Equity (D/E) Long Term Debt Net Worth (Equity Shareholder’s Fund + Preference Capital)
D/E 2005-06 =
D/E 2004-05 =
134.29 41499.39
3292.60 33226.31
= .003 : 1
= .1 : 1
Current Ratio Current Assets, Loans & Advances + Short term Investments Current Liabilities & Provisions + Short term Debt
CR 2005-06 =
CR 2004-05 =
28436.22 + 4087 30731.00 + 1923.23
25197.18 + 4377 32222.99 + 1570.38
= 0.99 Times
= 0.88 Times
Quick Ratio Current Asset, Loans & Advances + Short term Investments - Inventories Current Liabilities & Provisions + Short term Debt Net of Working Capital Borrowings
QR 2005-06 =
QR 2004-05 =
28436.22 + 4087 – 11560.90 30731.00
25197.18 + 4377 – 12802.57 32222.99
= 0.68 Times
= 0.52 Times
Collection Period (Days) Receivables x 365 Total Sales
CP 2005-06 =
CP 2004-05 =
2694.25 x 365 136968.29
4928.27 x 365 126871.51
= 7.18 Days
= 14.18 Days
Suppliers Credit (Days) Payables x 365 Purchases
SC 2005-06 =
SC 2004-05 =
19342.06 x 365 57511.22
23838.05 x 365 54365.36
= 122.76 Days
= 160.04 Days
Inventory Holding Period (Days) Inventory x 365 COGS
IHP 2005-06 =
IHP 2004-05 =
11560.90 x 365 63946.25
12802.57 x 365 61533.68
= 65.99 Days
= 75.94 Days
Overall Efficiency Ratio Sales Capital Employed
Fixed Asset Turnover Ratio Net Sales Net Block of Fixed Assets
Debtors Turnover Ratio Credit Sales Average Debtors
Inventory Turnover Ratio COGS Average Inventory
Creditors Turnover Ratio Credit Purchases Average Creditors
Calculation PAT = PAT as declared in the P&L A/c – Extraordinary Income – Deferred Revenue Expenditure 2006 PAT = 2006 PAT = Net Worth (Equity Capital + Reserves & Surplus – Miscellaneous Expenditure Not Written Off
CONTENTS
Company Directors Return on Net Worth (RONW) Earnings Per Share (EPS) Cash Earnings Per Share (CEPS) Net Asset Value (NAV) Debt Equity (D/E) Current Ratio Quick Ratio Collection Period (Days) Suppliers Credit (Days)
CONTENTS
Inventory Holding Period (Days) Overall Efficiency Ratio Fixed Asset Turnover Ratio Debtors Turnover Ratio Inventory Turnover Ratio Creditors Turnover Ratio Calculation
Company Directors
Return on Net Worth (RONW)(PAT – Preference Dividend) x 100 Net Worth (Equity Capital + Reserves & Surplus – Miscellaneous Expenditure Not Written Off
RONW 2005-06 =
18857.17 x 100 5733.03 + 39053.84 – 3287.48
=
1885717 41499.39
=
45.44
RONW 2004-05 =
14801.99 x 100 2864.20 + 30943.15 – 581.04
=
1480199 33226.31
=
44.55
Earnings Per Share (EPS) PAT – Preference Dividend Weight Average No. of Equity Shares Outstanding
EPS 2005-06 =
EPS 2004-05 =
18857.17 2866.52
14801.99 2866.52
= 6.6
EPS After Bonus 2005-06 =
= 5.2
EPS After Bonus 2005-06 =
18857.17 5733.03
14801.99 5733.03
= 3.30
= 2.58
Cash Earnings Per Share (CEPS) PAT – Preference Dividend + Non-cash Charges Weight Average No. of Equity Shares Outstanding
CEPS 2005-06 =
CEPS 2004-05 =
18857.17 + 2330.83 2866.52
14801.99 + 1859.25 2866.52
= 7.39
= 5.81
Net Asset Value (NAV) Equity Shareholder’s Fund or Net Worth No of Equity Shares Outstanding
NAV 2005-06 =
NAV 2004-05 =
41499.39
= 14.48
2866.52
33226.31 2866.52
= 11.59
Debt Equity (D/E) Long Term Debt Net Worth (Equity Shareholder’s Fund + Preference Capital)
D/E 2005-06 =
D/E 2004-05 =
134.29 41499.39
3292.60 33226.31
= .003 : 1
= .1 : 1
Current Ratio Current Assets, Loans & Advances + Short term Investments Current Liabilities & Provisions + Short term Debt
CR 2005-06 =
CR 2004-05 =
28436.22 + 4087 30731.00 + 1923.23
25197.18 + 4377 32222.99 + 1570.38
= 0.99 Times
= 0.88 Times
Quick Ratio Current Asset, Loans & Advances + Short term Investments - Inventories Current Liabilities & Provisions + Short term Debt Net of Working Capital Borrowings
QR 2005-06 =
QR 2004-05 =
28436.22 + 4087 – 11560.90 30731.00
25197.18 + 4377 – 12802.57 32222.99
= 0.68 Times
= 0.52 Times
Collection Period (Days) Receivables x 365 Total Sales
CP 2005-06 =
CP 2004-05 =
2694.25 x 365 136968.29
4928.27 x 365 126871.51
= 7.18 Days
= 14.18 Days
Suppliers Credit (Days) Payables x 365 Purchases
SC 2005-06 =
SC 2004-05 =
19342.06 x 365 57511.22
23838.05 x 365 54365.36
= 122.76 Days
= 160.04 Days
Inventory Holding Period (Days) Inventory x 365 COGS
IHP 2005-06 =
IHP 2004-05 =
11560.90 x 365 63946.25
12802.57 x 365 61533.68
= 65.99 Days
= 75.94 Days
Overall Efficiency Ratio Sales Capital Employed
Fixed Asset Turnover Ratio Net Sales Net Block of Fixed Assets
Debtors Turnover Ratio Credit Sales Average Debtors
Inventory Turnover Ratio COGS Average Inventory
Creditors Turnover Ratio Credit Purchases Average Creditors
Calculation PAT = PAT as declared in the P&L A/c – Extraordinary Income – Deferred Revenue Expenditure 2006 PAT = 2006 PAT = Net Worth (Equity Capital + Reserves & Surplus – Miscellaneous Expenditure Not Written Off
