FINANCIAL ANALYSIS OF SHANTHI GEARS

LIMITED, COIMBATORE”

PROJECT REPORT

Submitted to the Bharathiar University

in partial fulfillment of the requirements for the award of the Degree of
MASTER OF COMMERCE

Submitted by
M. MAHESWARI
(REG.NO.173AA0223)

Under the guidance of

Mr. L.MARTIN LEO, M.Com., B.Lit., DYHE, M.Phil., PGDCA., (Ph.D)
Assistant Professor, Department of Commerce

THAVATHIRU SANTHALINGA ADIGALAR ARTS

SCIENCE AND TAMIL COLLEGE
PERUR, COIMBATORE – 641010

MARCH – 2019
Certificate
 CERTIFICATE

This is to certify that the project report entitled “ A STUDY ON FINANCIAL

ANALYSIS OF SHANTHI GEARS LIMITED, COIMBATORE” is bonafide record
of work done by M. MAHESWARI (Reg No. 173AA0223), submitted to the Bharathiar
University in partial fulfillment of the requirements for the award of the Degree of
MASTER OF COMMERCE is a record of original project work done under my
supervision and guidance, during the period of study in the DEPARTMENT OF
COMMERCE, T.S.A. Arts, Science and Tamil College, Perur, Coimbatore – 641010,
under my supervision and guidance and the dissertation has not formed the basis for the
award of any Degree / Diploma / Associateship / Fellowship or other similar title to any
candidate of any University.

Signature of the Principal Signature of Head of the Department

Signature of the Guide

Submitted to the Viva Voce examination held

Internal Examiner External Examiner

Declaration
 DECLARATION

I hereby declare that the project report entitled “ A STUDY ON FINANCIAL

ANALYSIS OF SHANTHI GEARS LIMITED, COIMBATORE” submitted to the
Bharathiar University in partial fulfillment of the requirements for the award of the Degree of
MASTER OF COMMERCE is a record of original project work done under my supervision
and guidance of Mr. L.MARTIN LEO, M.Com., B.Lit., DYHE, M.Phil.,

PGDCA., (Ph.D) Assistant Professor, Department of Commerce, T.S.A. Arts, Science and
Tamil College, Perur, Coimbatore – 641010, under my supervision and guidance and the
dissertation has not formed the basis for the award of any Degree / Diploma / Associateship /
Fellowship or other similar title to any candidate of any University.

Signature of the Candidate

Signature of the Guide

Acknowledgement
 ACKNOWLEDGEMENT

I thank the god almighty for giving the strength and vision for completing the
project successfully. At the same time the researcher wishes to acknowledge the
substantial asstiance of several individual in preparing the project.

I have great pleasure to express my gratitude and heartful thanks

Dr.V.RAJESWARI, M.Phil., Ph.D., Principal for proviing the opportunity to take this
project.

I take this company to acknowledge my thanks to Mr.N.Jothilakshmi M.Com.,

M.Phil., ( Ph.D)., Head of Department of Commerce for his constructive criticism in
carrying out this project.

I would like to express my sincere gratitude to my guide Mr. L.MARTIN

LEO, M.Com., B.Lit., DYHE, M.Phil., PGDCA., (Ph.D) who suggested and
supervised my work. His kind guidance and constant encouragement were of immense
help.

An over riding debt continues to all other staff members in Department of

Commerce, Thavathiru Santhalinga Adigalar Arts, Science & Tamil College, Perur,
Coimbatore for their timely support.

A special word of thanks to my family members, who join my hands like a

lightening sword in time of hurdles and smiling face in of delight. Last but not least,
I would like to express my heartful thanks to my friends and all persons who have helped
me in the successful completion of this project.
Contents
 CONTENTS

CHAPTER TITLE PAGE NO

I INTRODUCTION ABOUT THE INDUSTRY

II ABOUT THE COMPANY

III RESEARCH METHODOLOGY

IV DATA ANALYSIS AND INTERPRETATION

FINDINGS, SUGGESTIONS AND

V
CONCLUSION

BIBLIOGRAPHY

ANNEXURE
List of Tables
 LIST OF TABLES
TABLE CONTENTS PAGE
NO NO
TABLE SHOWING COMPARATIVE INCOME STATEMENT
4.1
SHANTHI GEARS LIMITED FROM 2011 – 2012 TO 2017-2018
TABLE SHOWING COMPARATIVE BALANCE SHEET OF
4.2
SHANTHI GEARS LIMITED FROM 2011 – 2012 TO 2017-2018
TABLE SHOWING COMMON SIZE BALANCE SHEET
4.3
SHANTHI GEARS LIMITED FROM 2011 – 2012 TO 2017-2018
TABLE SHOWING TREND PERCENTAGE OF SHANTHI
4.4
GEARS LIMITED FROM 2011 – 2012 TO 2017-2018
4.5 TABLE SHOWING CURRENT RATIO

4.6 TABLE SHOWING QUICK RATIO

4.7 TABLE SHOWING NET WORKING CAPITAL RATIO

4.8 TABLE SHOWING FIXXED ASSET TURNOVER RATIO

4.9 TABLE SHOWING WORKING CAPITAL RATIO

4.10 TABLE SHOWING DEBTOR’S TURNOVER RATIO

4.11 TABLE SHOWING STOCK TURNOVER RATIO

4.12 TABLE SHOWING RETURN ON INVESTMENT

4.13 TABLE SHOWING RETURN ON SHAREHOLDERS FUND

4.14 TABLE SHOWING RETURN ON TOTAL ASSETS

4.15 TABLE SHOWING EARNING PER SHARE

4.16 TABLE SHOWING NET PROFIT RATIO

4.17 TABLE SHOWING OPERATING RATIO

4.18 TABLE SHOWING PAY OUT RATIO

4.19 TABLE SHOWING DIVIDEND YIELD

List of Charts
 LIST OF CHARTS
TABLE CONTENTS PAGE
NO NO
Chart showing Trend Percentage of Shanthi Gears Limited, Year
1
wise (2012 – 2018) Sales Figures
Chart showing Trend Percentage of Shanthi Gears Limited, Year
2
wise (2012 – 2018) Profit Figures
Chart showing Current Ratio of Shanthi Gears Limited for the period
3
of 2012 – 2018
Chart showing Liquid Ratio of Shanthi Gears Limited for the period
4
of 2012 – 2018
Chart showing Net working capital Ratio of Shanthi Gears Limited
5
for the period of 2012 – 2018
Chart showing Fixe Asset Ratio of Shanthi Gears Limited for the
6
period of 2012 – 2018
Chart showing Working Capital Turnover of Shanthi Gears Limited
7
for the period of 2012 – 2018
Chart showing Debtor’s Turnover Ratio of Shanthi Gears Limited
8
for the period of 2012 – 2018
Chart showing Stock Turnover Ratio of Shanthi Gears Limited for
9
the period of 2012 – 2018
Chart showing Return on investment of Shanthi Gears Limited for
10
the period of 2012 – 2018
Chart showing Return of Shareholders Fund of Shanthi Gears
11
Limited for the period of 2012 – 2018
Chart showing Return of Total Assets of Shanthi Gears Limited for
12
the period of 2012 – 2018
Chart showing Earning Per Share of Shanthi Gears Limited for the
13
period of 2012 – 2018
Chart showing Net Profit Ratio of Shanthi Gears Limited for the
14
period of 2012 – 2018
Chart showing Operating Ratio of Shanthi Gears Limited for the
15 period of 2012 – 2018

Chart showing Payout Ratio of Shanthi Gears Limited for the period
16 of 2012 – 2018

Chart showing Dividend Yield Ratio of Shanthi Gears Limited for

17
the period of 2012 – 2018
About the Company
Research Methodology
Data Analysis and Interpretation
Findings, Suggestion and
Conclusion
Bibliography
Annexure