FINANCIAL PROJECT REPORT ON ULTRATECH CEMENT INDIA LTD

A Project Report on

FINANCIAL ANALYSIS OF ULTRATECH CEMENT INDIA LTD

Submitted by AILANI DINESH [Roll No. B 06]

Submitted To Dr. Narayan Baser

Date : 18th April, 2012

Shri Jairambhai Patel Institute of Business Management & Computer Aplications (SJPI) Gandhinagar Academic Year 2011-2013

1.1 INTRODUCTION

Ultratech Cement Ltd. Ultratech Cement was incorporated in 2000 as Larsen & Toubro. Later it was demerged and acquired by Grasim and was renamed as Ultra Tech Cement in 2004. Today Ultatech cement a part of Aditya Birla group, is the country's largest exporter of cement clinker. UltraTech Cement Limited has an annual capacity of 52 million tonnes. It manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement. It also manufactures ready mix concrete (RMC). All the plants have received ISO 9001 certification. The company has 11 integrated plants, one white cement plant, one clinkerisation plant in UAE, 15 grinding units 11 in India, 2 in UAE, one in Bahrain and Bangladesh each and five terminals, four in India and one in Sri Lanka. The export markets span countries around the Indian Ocean, Africa, Europe and the Middle East. Narmada Cement Company Limited was amalgamated with UltraTech in May 2006, while Samruddhi Cement Limited was amalgamated with UltraTech Cement Limited in July 2010. UltraTech Cement Middle East Investments Limited, a wholly owned subsidiary of the Company acquired management control of ETA Star Cement together with its operations in the UAE, Bahrain and Bangladesh in September, 2010 UltraTech's other subsidiaries are Dakshin Cements, Harish Cements, UltraTech Ceylinco (P) and UltraTech Cement Middle East Investments. Products It manufactures ordinary portland cement commonly used in dry-lean mixes, general-purpose ready-mixes, and even high strength pre-cast and pre-stressed concrete. It produces Portland blast furnace that has features like lighter colour, better concrete workability, easier finishability, higher compressive and flexural strength, improved resistance to aggressive chemicals and more consistent plastic and hardened consistency.It also manufactures portland pozzolana cement. Ultratech cement exports over 2.5 million tonnes per annum which accounts for 30% of country's total exports. It exports to countries like Africa, Europe and the Middle East.

Milestone Ultratech Cement received Greentech Environment Excellence Award by the Greentech Foundation, New Delhi in the year 2000-2001 The Aditya Birla Group is the 11th largest cement producer in the world and the seventh largest in Asia. In 2004-05 it received State and Zonal level I prize for overall performance in Mines safety.

REGISTERED OFFICE
B Wing Ahura Centre ,2nd Floor Mahakali Caves Road ,Andheri (East) Mumbai,400093,Maharashtra

LOCATION Anantapur Raipur Amreli Amreli Surat Koppal Chandrapur Ratnagiri Jharsuguda Arakonam Durgapur Raipur Gulbarga Jodhpur Adityapuram Neemuch Jaipur

PROFIT AND LOSS ACOOUNT

DESCRIPTION Mar-06 Mar-05 Mar-04 Mar03 12.00 0.00

No of Months INCOME : Gross Sales Less: Inter divisional transfers Less: Sales Returns Less: Excise Duty Net Sales EXPENDITURE : Increase/Decrease in Stock Raw Material Consumed Power & Fuel Cost Employee Cost Other Manufacturing Expenses General and Administration Expenses Selling and Distribution Expenses Miscellaneous Expenses Less: Expenses Capitalised Total Expenditure Operating Profit (Excl OI) Other Income Operating Profit Interest PBDT Depreciation Profit Before Taxation & Exceptional Items Exceptional Income / Expenses Profit Before Tax Provision for Tax Profit After Tax Extra items Adjustments to PAT Profit Balance B/F Appropriations Equity Dividend % Earnings Per Share Adjusted EPS

12.00

12.00

12.00

3785.29 3057.92 2693.15

485.84 451.02 442.02 3299.45 2606.90 2251.13 -39.12 549.43 911.29 90.42 293.18 76.18 843.99 19.82 -20.90 459.27 823.72 71.62 237.71 68.05 575.83 117.61 6.99 268.86 631.16 66.67 290.55 82.31 531.46 53.99

0.00

2745.19 2332.91 1931.99 554.26 273.99 319.14 37.00 21.07 59.59 591.26 295.06 378.73 89.64 106.88 115.01 501.62 188.18 263.72 216.03 221.78 214.52 285.59 -33.60 49.20 285.59 55.83 229.76 -33.60 -36.45 2.85 49.20 10.37 38.83

0.00 0.00 0.00 0.00 0.00

10.11 239.87 17.50 18.47 18.47

17.92 20.77 7.50 0.23 0.23

38.83 5.00 3.12 3.12

0.00 0.00

DESCRIPTION SOURCES OF FUNDS: Share Capital Share Warrants & Outstandings Total Reserves Shareholder's Funds Secured Loans Unsecured Loans Total Debts Total Liabilities APPLICATION OF FUNDS : Gross Block Less: Accumulated Depreciation Less: Impairment of Assets Net Block Lease Adjustment A/c Capital Work in Progress Pre-operative Expenses pending Assets in transit Investments Current Assets, Loans & Advances Inventories Sundry Debtors Cash and Bank Other Current Assets Loans and Advances Total Current Assets Less: Current Liabilities and Provisions Current Liabilities Provisions Total Current Liabilities Net Current Assets Miscellaneous Expenses not written off Deferred Tax Assets / Liabilities Total Assets Contingent Liabilities Book Value Adjusted Book Value

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

274.04 4.78 10387.22 10666.04 2789.76 1354.84 4144.60 14810.64

124.49 1.99 4482.17 4608.65 854.19 750.33 1604.52 6213.17

124.49 1.68 3475.93 3602.10 1175.80 965.83 2141.63 5743.73

124.49 0.77 2571.73 2696.99 982.66 757.84 1740.50 4437.49

124.49 0.00 1639.29 1763.78 1151.25 427.38 1578.63 3342.41

17942.27 8078.14 7401.02 4972.60 4784.70 6542.02 3136.46 2765.33 2472.14 2267.42 11400.25 4941.68 4635.69 2500.46 2517.28 1059.47 45.85 258.04 1.33 664.93 2247.97 12.35 35.18 170.90 690.31 6.64 483.45 433.58 183.50 89.59 253.50 960.17 736.71 18.47 755.18 204.99

3730.32 1669.55 1034.80

1956.52 821.70 691.97 609.76 602.29 215.83 193.94 216.61 144.79 83.73 104.49 100.69 1.22 1053.88 351.13 381.56 376.83 3758.70 1472.39 1371.96 1303.89 2880.41 1138.08 1120.92 1153.01 573.49 161.01 132.15 125.55 3453.90 1299.09 1253.07 1278.56 304.80 173.30 118.89 25.33

-1730.05 -830.73 -722.93 -542.35 -560.26 14810.64 6213.17 5743.73 4437.49 3342.41 656.10 183.32 188.63 153.85 193.46 389.04 370.04 289.21 216.58 141.68 389.04 370.04 289.21 216.58 141.68

RATIO ANALYSIS

CURRENT RATIO
2011 0.67 1.07 2010 0.67 0.89 2009 0.59 1.26 2008 0.58 1.03 2007 0.71 1.08 2006 0.67 0.76 2005 0.68 0.63 2004 0.6 1

ultratech ambuja

1.4 1.2 1 0.8 ultratech 0.6 0.4 0.2 0 2011 2010 2009 2008 2007 2006 2005 2004 ambuja

 QUICK RATIO
2011 0.34 0.6 2010 0.3 0.75 2009 0.34 0.57 2008 0.38 0.74 2007 0.4 0.64 2006 0.34 0.7 2005 0.54 0.35 2004 0.46 0.31

ultratech ambuja

0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0 2011 2010 2009 2008 2007 2006 2005 2004 ultratech ambuja

 DEBT EQUITY RATIO

2011 0.39 0.01 2010 0.35 0.03 2009 0.59 0.05 2008 0.65 0.07 2007 0.9 0.25 2006 1.4 0.52 2005 1.44 0.63 2004 1.45 1.08

ultratech ambuja

1.6 1.4 1.2 1 0.8 0.6 0.4 0.2 0 2011 2010 2009 2008 2007 2006 2005 2004 ultratech ambuja