Balance Sheet

As of Mar 2016 As of Mar 2015

Equity and Liabilities
Shareholders' funds
Share capital 216.39 216.35
Reserves and surplus 3,470.90 3,508.43

Non-current liabilities
Other long-term liabilities 218.2 170.11
Long-term provisions 1,124.39 956.35

Current liabilities:

Trade payables:
Dues to Micro and Small Enterprise- -
Dues to Others 5,497.89 5,288.90

Other current liabilities 853.79 908.05

Short-term provisions 2,785.47 2,585.87

TOTAL 14,167.03 13,634.06

ASSETS
Non-current assets
Fixed assets
Tangible assets 2902.73 2435.5
Intangible assets 12 22.03
Capital work-in-progress 385.97 479.01
Non-current investments 669.03 654.11
Deferred tax assets (net) 230.86 195.96
Long-term loans and advances 581.3 583.46
Other non-current assets 0.17 0.44
Total Non Current assets 4782.06 4370.51

Current assets
Current investments 2,297.52 2,623.82
Inventories 2,528.36 2,602.68
Trade receivables 1,064.52 782.94
Cash and bank balances 2,758.82 2,537.56
Short-term loans and advances 673.29 657.27
Other current assets 62.46 59.28
Total Current Assets 9,384.97 9,263.55

TOTAL 14,167.03 13,634.06

Statement of Income
As of Mar 2016 As of Mar 2015
Revenue from operations 34,417.48 32,721.44
Less: Excise duty -2,430.31 -1,915.82
Other Income 500.63 618.39

Total Revenue 32,487.80 31,424.01

Expenses
Cost of materials consumed 11,274.73 11867.31
Purchases of stock-in-trade 3951.15 3697.96
Changes in inventories of finished
goods (including stock-intrade)
and work-in-progress 87.11 58.28
Employee benefits expense 1592.02 1578.89
Finance costs 0.18 16.82
Depreciation and amortisation expens 320.75 286.69
Other expenses 9352.24 8394.94

Total Expenses 26,578.18 25900.89

Profit before exceptional items and ta 5909.62 5523.12

Exceptional items -39.03 664.3

Profit before tax 5870.59 6187.42

Tax expenses
Current Tax -1823.12 -1902.33
Deferred Tax Credit 34.9 30.17

Profit for the year 4082.37 4315.26

Earnings per Equity Share

Basic Rs. 18.87 19.95

Diluted Rs. 18.86 19.94

Total No. of Shares 770,343,219,000

S.No. Ratio Formula

Coverage Ratios

1 Interest Cover Profit Before Interest and Tax / annual interest payment

2 Asset Cover Total Assets/ Loan Capital

LIQUIDITY RATIOS

3 Current Ratio CURRENT ASSET/CURRENT LIABLITY

4 Quick Ratio/Acid Test (Current Asset-Stock-Prepaid Expence)/Current Liability

5 Absolute Ratio Cash+Securities/Current Liability

PROFITABILITY RATIOS

6 Gross Profit Ratio Gross Profit/Net Sales

7 Operating Profit Ratio Operating Profit/Net Sales

8 Net Profit Ratio PAT/Net Sales

9 Return on Equity Net Profit/Equity

10 Return on Capital Employed PAT/Net capital Employed

11 Return on Assets PAT/Total Assets

Capital Structure

12 Leverage/Gearing ratio Debt/Equity

Share Market Information Ratio

13 Earnings per share Total Earnings/No. of shares

14 P/E ratio Market Price/Earnings per Share

15 Dividend yield Ratio Dividend per share/ Market price per share

16 Dividend Payout Ratio Dividend paid out/ Earnings

Efficiency Ratios

17 Debtor's Turnover Ratio Account Receivable/Total Sales

18 Creditor's Turnover Ratio Account Payable/Total purchases

Net Sales/
19 Inventory Turnover period Average Inventory at Cost

Du-Pont Analysis

20 Equity Multiplier Ratio Assets/Equity

21 Profit Margin Profit/Sales

22 Asset Turnover Ratio Sales/Assets

 Computed Value for Mar 2016

erest payment Nil

Nil

1.0271222427

rrent Liability 0.7133088545

0.5533826193

Gross Profit: Revenue - Cost of sales 0.518781204

Net Sales: Sales-Returns

0.1819082856

0.1256585549

1.1071464409

Net Capital Employed= Total assets- CurrentLiabiliti 0.8116237366

0.2881599037

Nil
 18.87

Market Price is 910Rs 48.2246952835

0.0175824176

Dividend of Rs 16 per share declared on May 2016 0.8479067303

0.0327667617

0.3590343885

Average Inventory stock -(opening stock +closing

stock)/2 = (1361 +1344.83)/2 =
1352.915/32,487.50 0.041644

3.8421252465

0.1186132744
Profit Margin*Asset Turnover Ratio = ROA ROA*Equity Multiplier Ratio = RO 1.107146

2.4294068693
Significance/ Comments

No Loan Borrowings, interest payments are made on short-term borrowings

No Long term Borrowings.

The company has just enough Current assets to meet it's Current Liabilities.

The company's position is not good as they don't have sufficient current assets to meet immediate liabilities.

The optimum value of this ratio is 1:2 which is fulfilled.

Company can try to either increase its sale or reduce the cost price to improve the profitability

Company should cutdown Operating expenses.

Expenses components need to be studied in detail and cut the down the expenses which are decreasing net profit

Profit company earns with the money of shareholders.This shows good number.

It indicates how useful company is in managing its assets to generate profit.This number needs improvement.

Leverage/Gearing ratio is Nil as it doesn't have significant long term borrowings, the company has good oppurtunity for raising
It is telling the price of each share in the stock market which shows to be a good amount.

Investors are expecting earning growth of 48% , Industry P/E ratio is 52.57

A company with a high dividend yield pays its investors a large dividend compared to the fair market value of the stock

This indicates that it is a mature company which has good dividend payout ratio.

Credit sales data is not available, while considering the Total sales the debtors amount is very less.

Credit Purchase detail is not available, while considering the Total consumption of goods the payable amount is significant.
expand the business.
 Net Income Equity Share Capital Other Equity ShareHolder's Fund
Year 1 (12-13) 4022 1268 22959 24227
Year 2 4375 1268 25804 27072
Year 3 3039 1268 27851 29119
Year 4 2226 1268 33826 35094
Year 5 3503 1691 36458 38149

Comments for NPR= This ratio infers how much margin we are earning compared to our net sales. By this ratio we can interpre
ongc has high NPR Ratio compared to GAIL India limited. By this we can infer that the products or services sold by GAIL are no

Total Asset Turnover = This ratio tells us how a company is making use of its assets and selling it's Good or services. A higher ra

Equity Multiplier = This ratio tells us that assets of a company contain how much proportion of the Shareholder's equity. A high
The lower ratio means vice-versa of the explanation.
ONGC has lower rati compared to GAIL India LTD. . It indicates GAIL India Ltd. Has higher debt proportion in the total assets of t

ROE - This ratio tells us how much a company is generating profits to its shareholders/ shareholders equity invested in the com
 Net Worth Sales Total Assets ROE NPR (Net Profit Margin)
24038 47332 44684 16.7318412514 8.4974224626
26858 57245 49811 16.2893737434 7.6425888724
28888 56569 52893 10.519939075 5.3722003217
30699 51528 55797 7.2510505228 4.3199813694
32350 48054 56269 10.828438949 7.2897157365

ONGC 10.53 20.42

9.64 23.03

RIL

d to our net sales. By this ratio we can interpret the performance and earnings quality of the company.
t the products or services sold by GAIL are not of high value addition or the service or prodcut qualitiy needs imptovement. GAIL historical

ts and selling it's Good or services. A higher ratio tells us that the company is optimally utilising its assets to generate revenues. From the h

proportion of the Shareholder's equity. A higher ratio means shareholder's equity proportion in the assets of the company was lower comp

higher debt proportion in the total assets of the company.In comparison to ONGC. In ONGC, shareholders are contributing more/sharehol

ders/ shareholders equity invested in the company. A higher ROE means a company is generating optimal or efficient profits for the shareh
 Total Asset Turnover Equity Multiplier Multiplied ROE
1.0592605854 1.8588900907 16.7318412514
1.1492441429 1.8546057041 16.2893737434
1.0694987995 1.8309678759 10.519939075
0.9234905102 1.8175510603 7.2510505228
0.8540048695 1.739381762 10.828438949

0.52 2201058/1510225
0.42 1.4574371369

alitiy needs imptovement. GAIL historical financials show us that net profits of the company are continuously declining.

s assets to generate revenues. From the historical values of GAIL India limited , we infer that this ratio is declining but as compared to ONGC

he assets of the company was lower compared to the debt proportion of the assets the company has.

reholders are contributing more/shareholers funds are optimally being utilised in creation of assets of the company leading to low Debt ob

optimal or efficient profits for the shareholders. GAIL India LTD has a declining ROE over the years mainly on the account of decline in net p
ning but as compared to ONGC, GAIL India Ltd. is optimally utilising its assets to generate revenues.

mpany leading to low Debt obligation.

the account of decline in net profits of the company. In compariosn with ONGC Gail India LTD, is on similar lines in terms of generating retu
lines in terms of generating returns to its shareholders.
Calculated Ratios Formula Values Caclulated Values

Net Profit Margin Net Profit/Sales 3502.9/48054 0.0728950764

Gross Profit Margin Gross Profit/Sales 7286.9/48054 0.1516398219
Return on Total Assets Net Profit/Average Total Assets 3502.9/56270 0.0622516439
Working Capital CA-CL 9144-8375 769
Working Capital Turnover Sales/Average Working Capital 48054/769 62.488946684
Times Interest Earned Ratio EBIT/Interest Expense 826.96/73.26 11.288015288
Equity Multiplier Total Assets/Net Worth 56270/32350 1.7394126739
Return on Net worth PAT/Net Worth 535.37/32350 0.0165493045
Long Term Debt to total Capital Long Term liabilities/Net worth 9746/32350 0.3012673879
Operating Profit Ratio Operating Profit/Net Sales 7214/48054 0.1501227785
Return On Equity Net Profit/Share Holder Equity 3502/38145 0.0918075764