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NTPC balance sheet and cash flow statement analysis along with few ratio Analysis
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NATIONAL THERMAL POWERCORPORATION
-FINANCIAL STATEMENTS ANALYSIS
COMPANY IN BRIEF
Type: Government Owned Public Enterprise
Founded: 1975
Current Share Price: Rs. 173.75 (BSE)
Industry : Power Generation/Distribution
Employees : 25,944 ( 2010 )
CURRENT SHARE HOLDING PATTERN
CASH FLOW STATEMENTNTPC
March 2010 March 2009 March 2008 March 2007
Net Profit before tax
108076 94678 105294 88965
Net cash from Operating Activities
105942 96881 97860 80653
Net cash from Investing Activities
-104977 -75004 -62038 -31458
Net cash from Financing Activities
-19086 -8493 -23487 -763
Net (decrease)/ Increase in Cash Equivalents
-18121 13384 16186 48432
Opening Cash 162716 149332 133146 84714
Closing Cash 144595 162716 149332 133146
Note: All the figures are in Rs. millions
INFERENCE ON OPERATING ACTIVITIES
Increase in Operating Activities-9.35%
Increase is Guarantee fee by 81.66%.
Significant Increase in Inventories.
Increase in Loans/advances.
INFERENCE ON INVESTING ACTIVITIES
Increase in Investing Activities-39%
Purchase of Investments increases by
RS.105,208 Millions
Significant Investments in Joint
ventures/ Subsidiaries
81.38%
Increase in Dividends Received
25.3%
Decrease in Disposal of Fixed
Assets 8 3 %
INFERENCE ON FINANCING ACTIVITIES
Increase in Financing Activities-124%
Increase in Dividends paid by
5.5%
Increased Repayments of
Long term Borrowing 17.12%
Increase in Interest paid 31.77%
Decrease in proceeds from Long
term Borrowings 05%
RATIO ANALYSIS
• Current Ratio• Debtors Turnover Ratio• D/E (Debt/Equity) Ratio• Collection Period (Debtors)• Profit Margin• Expense Ratio (Financial)
GROWTH OF THE COMPANY
2009-2010 2008-2009
Current Ratio 1.34 0.95
Debtors Turn around Ratio 9.06 Times 12.78 Times
Collection Period (Debtors) 40.27 Days 28.55 Days
D/E Ratio 0.59 0.59
Gross Profit Margin 23.46% 22.61%
Financial Expense Ratio 1.91 1.95
- A Deep Insight in to Cash Flow Statement
MAJOR COMPETITORSTATA Power
Reliance Power
Adani Power
Power Grid Corporation
NHPC
C U R R E N T R AT I O
Current Ratio =Current Assets
Current Liabilities
NTPC Adani Power Reliance Power
Current Ratio 1.34 2.063 3.017
D E BTO R S T U R N O V E R R AT I O
Debtors turnover ratio =Net credit sales
Average debtors
NTPC Adani Power Reliance Power
Debtors turnover Ratio 9.06 Times 3.3933 Times 0.719 Times
D E B T O R S C O L L E C T I O N P E R I O D
NTPC Adani Power Reliance Power
Debtors Collection Period 40.27Days 107.56 Days 507.46 Days
Debtors collection period
=12 Months
Debtors turnover ratio
D / E R AT I O
NTPC Adani Power Reliance Power
D/E Ratio 0.59 1.83 0.105
Debt-equity ratio =Total Debt
Shareholders’ equity
P R O F I T M A R G I N R AT I O
NTPC Adani Power Reliance Power
PROFIT MARGIN Ratio 23.10% 62.88 % 106.62%
Gross profit margin =Gross Profit
Sales X 100
E X P E N S E R AT I O
NTPC Adani Power Reliance Power
Expense (Financial) Ratio 1.91 3.89 18.35
C o n c l u s i o n
NTPC enjoys reasonably good amount of financial flexibility.
Company is in the high growing stage – Expansion Stage.
Investor’s point of view- Dividend paid every year remains almost constant i.e. 5.5%
Net Profit margin highest among its competitors Rs. 9102.59 Cr…….
THANK-YOUCREDITS
AMIT KANABARNISARG TRIVEDI
ANIL KAMANIANIL BEHAL