Bharti Airtel Ratio

7/27/2019 Bharti Airtel Ratio

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Financial

Year

Gross

Domestic

Product - %

Growth Rate

(YoY)

Agri-culture

& Allied

Services - %

Growth

Rate (YoY)

Agriculture -

% Growth

Rate (YoY)

Industry - %

Growth

Rate (YoY)

Mining

and

Quarrying

- %

Growth

Rate

YoY

Manufactu

ring - %

Growth

Rate (YoY)

Services - %

Growth

Rate (YoY)

Agri-

culture &

Allied

Services -

Share to

Total GDP

2008-09 6.72 0.09 -0.27 4.44 2.14 4.33 9.98 15.77%2009-10 8.59 0.81 0.41 9.16 5.89 11.30 10.50 14.64%

2010-11 9.32 7.94 8.81 9.16 4.92 9.73 9.75 14.45%

2011-12 6.21 3.65 3.90 3.49 -0.63 2.69 8.20 14.10%

2012-13 4.96 3.79 3.10 3.12 0.43 1.89 6.59 13.68%

Source : Central Statistics Office (CSO).

India Has Highest Share of Services in GDP at 6.59%


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Agriculture

- Share to

Total GDP

Industry -

Share to

Total GDP

Mining and

Quarrying -

Share to

Total GDP

Manufactu

ring - Share

to Total

GDP

Services -

Share to

Total GDP

Gross Domestic

Product (in Rs.

Cr)

Agriculture &

Allied Services

(in Rs. Cr.)

Agriculture

(in Rs. Cr.)

13.36% 28.13% 2.36% 15.78% 56.11% 4,158,676 655,689 555,44212.35% 28.27% 2.30% 16.17% 57.09% 4,516,071 660,987 557,715

12.29% 28.23% 2.21% 16.23% 57.32% 4,937,006 713,477 606,848

12.02% 27.51% 2.06% 15.70% 58.39% 5,243,582 739,495 630,540

11.90% 27.03% 1.98% 15.24% 59.29% 5,503,476 752,746 654,744


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Industry (in Rs.

Cr.)

Mining and

Quarrying

(in Rs. Cr.)

Manufacturing

(in Rs. Cr.)

Services (in Rs.

Cr.)

1,169,736 98,055 656,302 2,333,2511,276,919 103,830 730,435 2,578,165

1,393,879 108,938 801,476 2,829,650

1,442,498 108,249 823,023 3,061,589

1,487,533 108,713 838,541 3,263,196


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2008-09 2009-10 2010-11 2011-12 2012-13

Trade 15.3 15.1 15.7 16.6 16.7

Hotels & restaurants 1.5 1.4 1.5 1.5 1.5

Railways 0.9 0.9 0.8 0.7 0.6Transport by other means 5.5 5.3 5.3 5.4 5.4

Storage 0.1 0.1 0.1 0.1 0.1

Communication 1.4 1.4 1.1 0.9 0.9

Banking & insurance 5.6 5.4 5.6 5.7 5.9

Real estate & business services 10.3 10.4 10.4 10.8 11.2

Public administration & defence 5.8 6.6 6.1 6.1 6.3

Other services 7.5 7.8 7.9 7.9 8

Construction 8.5 8.2 8.2 8.2 8.2

Total Services 53.9 54.4 54.5 55.7 56.6

Growth Rate 10 10.5 9.8 8.2 6.6

Total Services (incl. Construction) 62.4 62.6 62.7 63.9 64.8

Growth Rate 9.4 10 9.8 7.9 6.5

Total GDP 6.72 8.59 9.32 6.21 4.96

Source : Central Statistics Office (CSO).

Share and Growth of Indias Services Sector


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2011-12 2012-13 2013-2014* 2011-12 2012-13 2013-2014* 2011-12

Transport logistics 11 1.8 11.9 5.8 -2.5 16.3 13.4

Shipping 9.3 12.9 4.2 -78.5 63.7 84 23

Aviation 10.6 -0.2 8 - - - 21

Retail trading -10.3 10.6 12.3 24.9 169.6 -59.4 -2.5

Health services 16.6 21.1 19.5 -22 52.4 24.7 18.8

Hotel 9.2 9.5 11 -77.5 -76.2 -11.7 16.4

Telecom 8.9 9.5 11.8 -71 39.9 56.2 13

Software 21.3 19.3 10.7 16.2 19.6 5.2 26

Construction 18.6 12.1 17.2 -2.6 0.4 19.3 21.6

Note: * Forecast Source: CMIE Industry Analysis

Annual Growth ( per cent change over previous year)

Performance of Services Firms

Sales PAT


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2012-13 2013-2014*

3.1 10.8

9.5 0

-4.2 7.5

7.8 12.3

20 17.8

12.9 10.9

12.6 11.4

18.5 11.8

13.6 16.4

Analysis of the sector-wise performance of services activities based o

show that the performance of sectors such as transport logistics, avi

in the year 2012-13 is subdued in comparison to with the previous y

in hotel sector continued. The health services and telecom sectors ar

rebounded in the year 2012-13. Overall the year 2013-14 is projecte

of the sectors, except retail trading, which is projected to have negat

profitability. This negative growth is contributed by two factorson

with high profit after tax (PAT) growth in the year 2012-13; and the o

shrinking of margins in 2013-14 due to increase in operating costs an

high Competition

xpenditure


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n firm-level data

tion and construction

ar. High negative PAT

e projected to have

to be better for most

ive growth in

is the base effect

ther is an expected

d price cuts driven by


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Player Total Subscribers VLR % Active Subscribers Market Share

Bharti Airtel 188806793 92.80% 175204921 24.75%

Vodafone 154910488 90.75% 140581010 19.86%

Reliance 134111811 76.43% 102501881 14.48%

Idea 117620254 97.54% 114721067 16.20%BSNL+MTNL 104163579 54.16% 56413598 7.97%

Tata 77814843 59.24% 46098220 6.51%

Aircel 65158527 60.09% 39153184 5.53%

Uninor 44496714 51.07% 22723669 3.21%

Other 26403103 40.22% 10619029 1.50%

Total 913486112 77.51% 708016579

Source : Telecom Regulatory Authority of India (TRAI)

India Telcome Market Share in July 2013

Bharti Airtel maintains its leadership position with 24.75%. Idea has largest proportion of active mobile users atfollowed by Bharti Airtel (92.80%) and Vodafone (90.75%). State-owned BSNL+MTNL with only 54.16% of active

subscriber base is certainly struggling in highly competitive and dynamic market environment raising lot of conc

their future. While Tata (59.24%), Aircel (60.09%) and Uninor (51.07%) are way behind leading pack in terms of

proportion raising doubts about long term sustainability of their business model. Reliance, Vodafone and Idea le

of net subscriber additions during July 2013 while Tata and BSNL were worst performers.


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Rank

1

2

3

45

6

7

8

97.54%mobile

rns about

ctive user

d in terms


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(Millions) (Millions)

Particulars FY2013 FY2012

Equity and Liabilities

Shareholders Funds

Share capital 18,988 18,988

Reserves and surplus 522,474 475,308

Non-current Liabilities

Long-term borrowings 98,408 82,338

Deferred tax liabilities (Net) 11,503 8,367

Other long term liabilities 31,708 25,184

Long term provisions 1,494 1,405

Current Liabilities

Short-term borrowings 31,390 58,956

Trade payables 51,372 45,121Other current liabilities 106,034 82,000

Short term provisions 5,461 5,570

Total 194,257 191,647

Total 878,832 803,237

AssetsNon-current Assets

Fixed Assets

Tangible assets 264,362 263,782

Intangible assets 167,464 140,626

Capital work-in-progress 10,308 9,230

Intangible assets under development 0 35,435

Non current investments 271,191 118,041

Long-term loans and advances 89,358 84,817

Other non-current assets 14,111 10,924

Current Assets

Current investments 10,800 5,337

Inventories 21 321

Trade receivables 22,468 21,345

Cash and bank balances 3,627 4,812

Short-term loans and advances 14,133 98,047Other current assets 10,989 10,520

Total 62,038 140,382

Total 878,832 803,237

Balance Sheet Of Bharti Airtel


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(Millions) (Millions)

Particulars FY2013 FY2012

Income

Revenue from operations 453,509 416,038

Other income 14,631 6,247Total Income 468,140 422,285

Expenses

Access charges 74,212 58,086

License fee and spectrum charges 48,815 46,942

Cost of goods sold 19 183

Employee benefits expenses 15,113 13,915

Power and fuel 35,699 29,727

Rent 52,225 47,714

Other expenses 92,424 82,702

Total Expenses 318,507 279,269

Profit before Finance Costs, Depr 149,633 143,016

Finance costs 16,523 13,962

Depreciation and amortisation ex 68,267 59,160

Charity and donation 295 332

Profit before Tax 64,548 69,562

MAT credit (3155) (5227)

Tax Expense

Current tax 13,604 14,398

Deferred tax 3,136 3,091

Profit for the year 50,963 57,300

EPS 13.41979 15.088

Bharti Airtel Profit and Loss

Earning per share (EPS) has also decline from Rs. 15.09 in 2012 to Rs. 13.42 in 2013, which indica

profitability of the company is declining. This ratio also indicates that market price of Bharti Airte

to be decrease in the upcoming year.


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tes that overall

l Ltd shares is likely


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FY2013 FY2012

CA/CL 0.32 0.73

Liquid Assets/Current Liabilities 0.32 0.73

(Cash and Bank Balances+Marketable secu 0.09 0.54

Total Liabilities/Shareholders' Equity 0.24 0.22

(Shareholders' Equity/Total Assets)100 61.61 61.54

((total Short-term debt+Total Long-term D 30.44 30.93

Cost of Good Sold/Average Stock 0.11 0.57

Sales/Average Debtors 21.37 19.78

(Gross Profit/Sales)100 31.96 33.87

((Cost of Goods Sold +Operating Expenses) 41.76 41.26

(Net Profit after tax/Sales)100 10.88627334 13.5690351

(Net Profit after tax/Shareholder s Funds) 9.412110176 11.5922443

Return on Assets

LIQUIDITY RATIOS

Debt Equity Ratio

Current Ratio

Acid Test Ratio

Cash Ratio

Debt equit

owners is o

position ofThe propri

shows the

It indicates

in the year

ACTIVITY RATIOSStock turno

Unsaleable

Debtors tur

collection o

PROFITABILITY RATIOGross profi

correspond

Debtors Turnover Ratio

Stock Turnover Ratio

Operating r

sales.

Net Profit Ratio

Return on Equity

Total Debt To Total Assets Ratio

Proprietory Ratio

Net profit r

profitabilit

Return on

more effici

Gross Profit Ratio

The current

2013, it de

The standa

show a sati

The cash ra

satisfactory

LONG-TERM SOLVENCY OR LEVERAGE RATIOS

Operating Ratio


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5.80% 7.13%

Basic Earning Power

9.26% 10.44%

EBIT/Intrest Expense 9.056043091 10.2432316

Debt/(shareholders' equity+Debt) 0.330703756 0.33452706

(EBIT+Fixed Charge)/(Intrest+Fixed Charge) 2.564435564

Sales/Inventory 22292.38095 1315.5296

Accounts Receivable Number of Days/Cr 17.51787927 18.4494476

Net Sales/Fixed Assets 1.058819272 0.94034823

Net Sales/Total Assets 0.53268429 0.52572902

Fixed Asset Turnover Ratio

Total Assets Turnover

Intrest Coverage Ratio

Total Debt to Capital Ratio

Fixed-Charge Coverage Ratio

Inventory Turnover Ratio

Days Sales Outstanding

Management Efficiency Ratios

Debt Coverage Ratios


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ratio indicates that the proportion of funds provided by long-term lenders in comparison to the funds

nly 0.22 in 2012. This portion has further increases to 0.23 in 2013. It shows that the long-term solvenc

the company is very sound.tory ratio in 2012 and 2013 are 61.54% and 61.61% respectively. Although, in 2013 this goes small incr

etter long-term solvency position. This fact is also supported by total assets to debt ratio.

that the proportion of assets financed through long-term loans is only 31% in the year 2012 and it has s

2013.

ver ratio has dropped from 0.57 times to 0.11 times. It indicates that the company is not rapidly turnin

items have been purchased which are included in the stock of the company.

nover ratio has increased from 19.78 times to 21.37 times. It indicates that the companys policy relatin

f debts and selection of customers for credit sales is quite satisfactory.

ratio has declined from 33.87 % in 2012 to 31.96 % in 2013, which reflects a decrease in sales price of

ing decrease in cost of sales.

atio has increase by 0.20 % in 2013 in respect to 2012. Increasing of operating ratio has resulted in low

atio has also decline from 13.57 % to 10.89 % in 2013, which is an indication of decreasing in the overall

of the firm.

quity (ROE) has also declining from 11.59 % to 9.41 % in 2013, which indicates that shareholders funds

ntly.

ratio 0.73 in 2012 does not show the good liquidity position as it is much below than the standard nor

reases to .32, although this ratio also does not show the good liquidity position.

rd norms of acid test ratio are 1:1. In 2012 it shows a ratio of 0.73:1 and it decreases in 2013 to 0.32:1.

sfactory liquidity position.

tio shows a satisfactory result in 2012, but in 2013 cash ratio is decrese. The financial position of the co

. Becouse standard norms should 0.5:1.


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rovided by the

ase but this ratio

mall decreases to 30%

the stock into sales.

g to

oods sold without

r margin of profit in

efficiency and

are not being utilized

s of 2:1. In the year

his ratio does not

pany is not

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Bharti Airtel Ratio