Balance Sheet & Ratio Analysis

8/8/2019 Balance Sheet & Ratio Analysis

1/24

JSW SteelBalance Sheet

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 497.06 504.04 537.01 537.01 527.11

Equity Share Capital 218.03 225.01 248.08 248.08 248.08

Share Application Money 0 21.76 0 0 0

Preference Share Capital 279.03 279.03 288.93 288.93 279.03

Reserves 3,859.16 5,068.25 7,140.24 7,422.24 9,179.23

Revaluation Reserves 0 0 0 0 0

Networth 4,356.22 5,594.05 7,677.25 7,959.25 9,706.34

Secured Loans 4,058.71 3,632.50 5,497.08 8,214.61 8,987.51

Unsecured Loans 37.34 540.53 2,049.45 3,058.02 2,597.59 Total Debt 4,096.05 4,173.03 7,546.53 ### ###

Total Liabilities 8,452.27 9,767.08 ### ### ###



Application Of Funds

Gross Block 8,368.43 ### ### ### ###

Less: Accum. Depreciation 1,850.45 2,323.66 2,996.83 3,810.31 4,929.44

Net Block 6,517.98 8,189.10 ### ### ###

Capital Work in Progress 1,861.90 2,002.93 5,612.43 9,242.06 6,684.27

Investments 85.08 192.94 923.53 1,250.11 1,768.35

Inventories 924.23 1,011.35 1,549.16 2,051.42 2,585.77

Sundry Debtors 229.19 245.16 337.39 398.14 563.25

Cash and Bank Balance 55.77 165.96 205.78 207.91 117.4

Total Current Assets 1,209.19 1,422.47 2,092.33 2,657.47 3,266.42

Loans and Advances 1,493.12 1,008.75 997.26 1,980.02 2,216.05

Fixed Deposits 43.1 171.84 133.44 212.05 169.71

Total CA, Loans & Advances 2,745.41 2,603.06 3,223.03 4,849.54 5,652.18

Deffered Credit 0 0 0 0 0

Current Liabilities 2,668.89 3,340.60 5,054.69 9,115.34 9,415.28

Provisions 393.26 75.22 436.01 80.93 264.22

Total CL & Provisions 3,062.15 3,415.82 5,490.70 9,196.27 9,679.50

Net Current Assets -316.74 -812.76 -2,267.67 -4,346.73 -4,027.32

Miscellaneous Expenses 304.05 194.87 0 0 0

Total Assets 8,452.27 9,767.08 ### ### ###

Contingent Liabilities 1,835.96 5,362.37 ### 8,170.64 6,990.48

Book Value (Rs) 259.73 322.8 394.99 410.07 504


2/24

JSW SteelProfit & Loss account



Income

Sales Turnover 6,686.82 9,337.34 ### ### ###

Excise Duty 594.43 742.31 1,237.86 1,172.70 1,289.18

Net Sales 6,092.39 8,595.03 ### ### ###

Other Income 360.11 110.6 309.91 -608.47 474.25

Stock Adjustments 139.29 -66.54 283.56 285.22 64.74

Total Income 6,591.79 8,639.09 ### ### ###

Expenditure

Raw Materials 3,511.95 4,377.23 6,560.14 9,386.47 ###

Power & Fuel Cost 415.76 393.1 532.43 673.07 1,014.82

Employee Cost 127.04 175.47 273.98 288.75 365.2

Other Manufacturing Expens 72.68 87.84 165.58 194.03 249.6

Selling and Admin Expenses 336.71 572.82 639.26 717.74 724.63

Miscellaneous Expenses 74.42 103.39 146.99 170.58 188.53

Preoperative Exp Capitalised 0 0 0 0 0

Total Expenses 4,538.56 5,709.85 8,318.38 ### ###



Operating Profit 1,693.12 2,818.64 3,356.23 2,861.17 4,273.56

PBDIT 2,053.23 2,929.24 3,666.14 2,252.70 4,747.81

Interest 365.01 406.81 494.84 836.82 900.26

PBDT 1,688.22 2,522.43 3,171.30 1,415.88 3,847.55


3/24

Depreciation 405.82 498.23 687.18 827.66 1,123.41

Other Written Off 61.79 109.02 0 0 0

Profit Before Tax 1,220.61 1,915.18 2,484.12 588.22 2,724.14

Extra-ordinary items 73.52 16.15 -33.16 176.8 96.03

PBT (Post Extra-ord Items) 1,294.13 1,931.33 2,450.96 765.02 2,820.17

Tax 437.6 639.33 722.77 306.52 797.43

Reported Net Profit 864.29 1,292.00 1,728.19 458.5 2,022.74

Total Value Addition 1,026.61 1,332.62 1,758.24 2,044.17 2,542.78Preference Dividend 27.9 27.9 29.06 28.99 28.92

Equity Dividend 125.58 204.98 261.87 18.71 177.7

Corporate Dividend Tax 21.53 33.49 49.44 8.11 34.31

Per share data (annualised)

Shares in issue (lakhs) 1,569.76 1,639.79 1,870.49 1,870.49 1,870.49

Earning Per Share (Rs) 53.28 77.09 90.84 22.96 106.59

Equity Dividend (%) 80 125 140 10 95

Book Value (Rs) 259.73 322.8 394.99 410.07 504


4/24

Tata SteelBalance Sheet

Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 580.67 6,203.30 6,203.45

Equity Share Capital 580.67 730.78 730.79

Share Application Money 147.06 0 0

Preference Share Capital 0 5,472.52 5,472.66

Reserves ### ### ###

Revaluation Reserves 0 0 0

Networth ### ### ###

Secured Loans 3,758.92 3,520.58 3,913.05

Unsecured Loans 5,886.41 ### ### Total Debt 9,645.33 ### ###

Total Liabilities ### ### ###

Mar '07 Mar '08 Mar '09



Gross Block ### ### ###

Less: Accum. Depreciatio 7,486.37 8,223.48 9,062.47

Net Block 8,543.12 8,256.11 ###

Capital Work in Progress 2,497.44 4,367.45 3,487.68

Investments 6,106.18 4,103.19 ###

Inventories 2,332.98 2,604.98 3,480.47

Sundry Debtors 631.63 543.48 635.98

Cash and Bank Balance 446.51 465 463.58

Total Current Assets 3,411.12 3,613.46 4,580.03

Loans and Advances 4,025.95 ### 5,884.61

Fixed Deposits 7,234.84 0.04 1,127.02

Total CA, Loans & Advanc ### ### ###

Deffered Credit 0 0 0

Current Liabilities 6,349.24 6,842.26 8,965.76

Provisions 1,930.46 2,913.52 2,934.19

Total CL & Provisions 8,279.70 9,755.78 ###

Net Current Assets 6,392.21 ### -308.29

Miscellaneous Expenses 202.53 155.11 105.07

Total Assets ### ### ###

Contingent Liabilities 7,185.93 9,250.08 ###

Book Value (Rs) 240.31 298.78 331.68


5/24

Tata SteelProfit & Loss account

Mar '07 Mar '08 Mar '09


Income

Sales Turnover 19,756.84 22,191.43 26,843.53

Excise Duty 2,304.18 2,537.02 2,495.21

Net Sales 17,452.66 19,654.41 24,348.32

Other Income 362.12 586.41 603.07

Stock Adjustments 82.47 38.73 289.27

Total Income 17,897.25 20,279.55 25,240.66

Expenditure

Raw Materials 5,762.42 6,063.53 8,568.71

Power & Fuel Cost 1,027.84 1,038.77 1,222.48

Employee Cost 1,454.83 1,589.77 2,305.81

Other Manufacturing Expenses 1,561.40 1,654.96 2,127.48

Selling and Admin Expenses 244.92 247.77 400.24

Miscellaneous Expenses 805.99 1,029.30 1,180.08

Preoperative Exp Capitalised -236.02 -175.50 -343.65

Total Expenses 10,621.38 11,448.60 15,461.15

Mar '07 Mar '08 Mar '09


Operating Profit 6,913.75 8,244.54 9,176.44

PBDIT 7,275.87 8,830.95 9,779.51

Interest 251.25 929.03 1,489.50

PBDT 7,024.62 7,901.92 8,290.01

Depreciation 819.29 834.61 973.4

Other Written Off 0.00 0.00 0.00

Profit Before Tax 6,205.33 7,067.31 7,316.61

Extra-ordinary items 57.29 0 0.00

PBT (Post Extra-ord Items) 6,262.62 7,067.31 7,316.61


6/24

Tax 2,040.47 2,380.28 2,114.87

Reported Net Profit 4,222.15 4,687.03 5,201.74

Total Value Addition 4,858.96 5,385.07 6,892.44

Preference Dividend 0 22.19 109.45

Equity Dividend 943.91 1,168.93 1,168.95

Corporate Dividend Tax 160.42 202.43 214.10

Per share data (annualised)

Shares in issue (lakhs) 5,804.73 7,305.84 7,305.92

Earning Per Share (Rs) 72.74 63.85 69.7

Equity Dividend (%) 155 160.00 160.00

Book Value (Rs) 240.31 298.78 331.68


7/24

Steel Authority of India

Balance SheetMar '07 Mar '08 Mar '09


Sources Of Funds

Total Share Capital 4,130.40 4,130.40 4,130.40

Equity Share Capital 4,130.40 4,130.40 4,130.40

Share Application Money 0 0 0

Preference Share Capital 0 0 0

Reserves ### ### ###

Revaluation Reserves 0 0 0

Networth ### ### ###

Secured Loans 1,556.39 925.31 1,473.60

Unsecured Loans 2,624.13 2,119.93 6,065.19 Total Debt 4,180.52 3,045.24 7,538.79

Total Liabilities ### ### ###

Mar '07 Mar '08 Mar '09



Gross Block ### ### ###

Less: Accum. Depreciation ### ### ###

Net Block ### ### ###

Capital Work in Progress 1,236.04 2,389.55 6,544.24

Investments 513.79 538.2 652.7

Inventories 6,651.47 6,857.23 ###

Sundry Debtors 2,314.75 3,048.12 3,024.36

Cash and Bank Balance 437.36 470.17 347.94

Total Current Assets 9,403.58 ### ###

Loans and Advances 3,097.70 3,644.22 4,292.50

Fixed Deposits 9,172.47 ### ###

Total CA, Loans & Advances ### ### ###

Deffered Credit 0 0 0

Current Liabilities 8,105.99 8,960.91 ###Provisions 5,550.78 6,797.83 9,408.21

Total CL & Provisions ### ### ###

Net Current Assets 8,016.98 ### ###

Miscellaneous Expenses 129.15 59.48 0

Total Assets ### ### ###

Contingent Liabilities 5,605.90 ### ###

Book Value (Rs) 41.92 55.84 67.75


8/24

Steel Authority of India

Profit & Loss accountMar '07 Mar '08 Mar '09


Income

Sales Turnover ### ### ###

Excise Duty 5,393.82 6,217.18 5,532.89

Net Sales ### ### ###

Other Income 1,408.71 1,701.59 2,002.77

Stock Adjustments 289.15 436.28 1,872.87

Total Income ### ### ###

Expenditure

Raw Materials ### ### ###

Power & Fuel Cost 2,578.84 2,825.56 3,119.42

Employee Cost 5,087.76 7,919.28 8,401.73

Other Manufacturing Expenses 346.59 492.18 643.35

Selling and Admin Expenses 1,602.31 1,727.55 1,587.61

Miscellaneous Expenses 528.71 737.79 992.85

Preoperative Exp Capitalised -1,423.08 -1,832.22 -1,930.40

Total Expenses ### ### ###

Mar '07 Mar '08 Mar '09


Operating Profit 9,644.51 ### 8,941.44

PBDIT ### ### ###

Interest 332.13 250.94 253.24

PBDT ### ### ###

Depreciation 1,211.48 1,235.48 1,285.12

Other Written Off 128.59 75.49 128.02

Profit Before Tax 9,381.02 ### 9,277.83


9/24

Extra-ordinary items 60.57 64.61 181.26

PBT (Post Extra-ord Items) 9,441.59 ### 9,459.09

Tax 3,253.80 3,934.65 3,284.28

Reported Net Profit 6,202.29 7,536.78 6,174.81

Total Value Addition 8,721.13 ### ###

Preference Dividend 0 0 0

Equity Dividend 1,280.42 1,528.25 1,073.90

Corporate Dividend Tax 197.98 258.91 181.26Per share data (annualised)

Shares in issue (lakhs) ### ### ###

Earning Per Share (Rs) 15.02 18.25 14.95

Equity Dividend (%) 31 37 26

Book Value (Rs) 41.92 55.84 67.75


10/24

Formula

Current Ratio Current Assets/Current Liabilities

Quick Ratio (current Assets-Inventories)/Current Liabilities

Debt Equity Ratio External Debt/Proprietors Fund

Interest Coverage Ratio PBIT/Net Interest Charge

Total Assets Turnover Sales/Total Assets

Fixed Assets Turnover Ratio Sales/Fixed Assets

Inventory Turnover Ratio Cost of Sales/Inventories

Debtors Turnover Ratio Credit Sales/Average Debtors

Net Profit Margin(%) Net Profit After Tax/Sales

Gross Profit Margin(%) (Gross Profit/Net Sales) * 100

Operating Profit Margin(%) (Sales-Cost of Sales)/Sales

Return On Net Worth(%) Net Profit After Tax/Equity

Return on Assets Net Profit Before Interest/Total Assets

Return On Capital Employed(%) (Net Profit Before Interest On LT-Debt)/(Equity+LT Debt)

Earnings Per Share Net Profit After Tax/No Of Shares Outstanding

Year

Company

Ratios


11/24

2007 2008

JSW TATA SAIL JSW TATA SAIL JSW

0.64 1.69 1.52 0.51 3.81 1.68 0.44

0.43 1.37 1.01 0.28 3.52 1.23 0.28

0.84 0.69 0.24 1.06 1.08 0.13 1.515.85 26.19 30.64 6.13 8.35 48.48 3

0.88 0.74 1.61 0.75 0.43 1.55 0.73

0.93 1.68 2.71 0.82 1.2 1.31 0.83

8.52 7.69 5.36 9.26 10.84 8.62 8.75

36.24 29.81 16.36 39.11 33.45 14.9 38.09

14.98 23.53 17.38 14.92 23.43 18.16 3.23

28.55 39.84 29.94 23.43 37.7 25.1 14.51

32.79 39.61 28.09 29.46 41.94 28.19 20.42

23.1 29.95 35.34 22.99 21.52 31.77 5.59

9.8 13.19 17.65 394.99 296.65 55.69 410.0722.89 27.71 44.94 18.76 17.11 44.03 11.53

77.09 72.74 15.02 90.84 63.85 18.25 22.96


12/24

2009

TATA SAIL

0.91 1.74

0.57 1.24

1.34 0.275.71 40.02

0.43 1.25

1.22 1.35

9.36 5.86

41.29 14.43

21.09 13.4

33.69 17.48

37.68 20.41

21.1 22.4

330.24 67.7515.01 27.61

69.7 14.95


13/24

1)Current Ratio

4) Interest Coverage Ratio

7) Inventory Turnover Ratio

2007 2008 2009

1

2

2

3

3

4

4

5

J

S

2007 2008 2009

10

20

30

40

50

60

J

12


14/24

10)Gross Profit Margin(%)

13)Return on Assets

2007 2008 2009

2

4

6

8

10J

2007 2008 2009

5

10

15

20

25

30

35

40

45

J

T

S

100

150

200

250

300

350

400

450

J

T

S


15/24

2007 2008 2009


16/24

2)Quick Ratio

5)Total Assets Turnover

8)Debtors Turnover Ratio

W

ATA

AIL

2007 2008 2009

1

2

2

3

3

4

4

J

SW

ATAAIL

2007 2008 2009

1

1

1

1

1

2

2

45


17/24

11)Operating Profit Margin(%)

14)Return On Capital Employed(%)

SW

ATA

AIL

2007 2008 2009

5

10

15

20

25

30

35

40

W

ATA

AIL

2007 2008 2009

5

10

15

20

25

30

35

40

45

W

ATA

AIL

10

15

20

25

30

35

40

45

50


18/24

2007 2008 2009


19/24

3)Debt Equity Ratio

6) Fixed Assets Turnover Ratio

9) Net Profit Margin(%)

SW

ATA

AIL

2007 2008

1

1

1

1

1

2

SW

TATA

SAIL

2007 2008

1

2

2

3

3

25


20/24

12)Return On Net Worth(%)

15)Earnings Per Share

JSW

TATA

SAIL

2007 2008

5

10

15

20

JSW

TATA

SAIL

2007 2008

5

10

15

20

25

30

35

40

JSW

TATA

SAIL

20

30

40

50

60

70

80

90

100


21/24

2007 2008


22/24

2009

JSW

TATA

SAIL

2009

JSW

TATA

SAIL


23/24

2009

JSW

TATA

SAIL

2009

JSW

TATA

SAIL

JSW

TATA

SAIL


24/24

2009

Documents

Balance Sheet & Ratio Analysis