Abstract image of a woman sitting on books and studying on a laptop

Presentation - Working Capital Management

Download as PPTX, PDF
Sharad Srivastava, profile picture
Sharad Srivastava

The document provides an analysis of the working capital management of companies in the Indian steel and sugar industries. It includes sections on current assets analysis, net working capital analysis, financial performance ratios, operating management ratios, and overall performance for Tata Steel, Essar Steel, SAIL, JSW Steel, Shree Renuka Sugars, Balrampur Chini Mills, Dhampur Sugar Mills, and Andhra Sugars. Graphs and tables of financial data from 2008 to 2013 are presented for analysis. The document suggests that while the steel industry saw growth after a recession in 2008, it is still operating below global capacity utilization.

Business
1 of 85
Downloaded 151 times
1
2
3
4
5
Most read
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
Working Capital Management Under the kind guidance of Dr. A. K. Sharma Team: Sharad Srivastava Vikas Kumar Singhal 12810086 12810076
AGENDA  Vertical Analysis  Net Working Capital Analysis  Financial Performance  Operating Management
COMPANY CHOSEN Company Company Company Company 1 2 3 4 Steel Industry Tata Steel Ltd. Essar Steel Ltd. Steel Authority of India Ltd. JSW Steel Ltd. Sugar Industry Shree Renuka Sugars Ltd. Balrampur Chini Mills Ltd. Dhampur Sugar Mills Ltd. The Andhra Sugars Ltd. Maruti Suzuki India Ltd. Tata Motors Ltd. Hyundai Motor India Ltd. Automobil Mahindra & e Industry Mahindra Ltd.
STEEL INDUSTRY  Tata Steel Ltd.  Essar Steel Ltd.  Steel Authority of India Ltd.  JSW Steel Ltd.
INTRODUCTION  India's steel production rose to 77.62 mn tons in 2012-13 when compared to 75.70 mn tons recorded in the previous year, according to the data released by the Ministry of Steel. It is growing at 8% CAGR for last 7 years.  India is currently the fourth largest producer of crude steel after China, Japan and USA. It is also the largest producer of sponge iron.  Share of public sector has reduced from 32% in 2008-09 to 21% in 2012-13.  Iron and Steel industry contributes around 3% of the GDP.
CURRENT ASSETS ANALYSIS
Tata Steel Ltd. Current Asset Analysis (In Crore Rs.) 100% 1,905.34 90% 2,823.63 80% 5,032.70 5,503.89 6,596.67 70% 3,946.99 2,218.11 60% 33,348.94 796.92 50% 1,590.60 904.08 3,234.14 4,138.78 40% 635.98 30% 424.02 434.83 4,858.99 5,257.94 20% 465.04 3,480.47 3,077.75 3,953.76 10% 543.48 2,604.98 0% Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 Inventories Cash and Bank Sundry Debtors Loans and Advances
Essar Steel Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1,074.22 1,544.27 2,970.44 2,868.36 3,094.80 3,342.00 399.49 360.40 508.16 407.47 902.95 514.76 1,771.25 650.96 589.66 623.11 681.27 471.24 2,108.11 2,157.52 2,633.23 Mar '08 Mar '09 Inventories Cash and Bank Mar '10 5,222.50 4,044.64 3,847.52 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
Steel Authority of India Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2,652.83 3,222.14 4,196.43 3,630.50 2,845.39 3,333.24 6,415.70 3,850.35 13,759.44 18,264.67 22,436.37 3,048.12 3,027.77 17,480.09 4,424.18 4,748.77 4,130.27 3,493.90 13,917.16 16,192.02 7,018.10 10,320.31 9,192.67 11,470.72 Mar '08 Mar '09 Inventories Cash and Bank Mar '10 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
JSW Steel Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 860.23 1,803.41 1,762.12 2,123.39 6,118.80 1,886.80 339.22 337.39 4,440.76 419.96 398.14 287.11 563.25 838.65 2,956.02 1,401.79 1,284.62 1,862.20 1,549.16 2,051.42 2,585.77 4,138.41 Mar '08 Mar '09 Inventories Cash and Bank Mar '10 Mar '11 5,179.08 4,799.10 Mar '12 Sundry Debtors Loans and Advances Mar '13
NET WORKING CAPITAL ANALYSIS
Tata Steel Ltd. Net Working Capital (In Crore Rs.) 40,000.00 36,962.44 35,000.00 30,000.00 25,000.00 20,000.00 15,000.00 15,113.23 10,739.75 12,250.61 11,615.40 11,096.60 10,000.00 5,000.00 12,546.27 9,990.41 9,003.39 9,293.21 12,019.27 7,834.43 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
Essar Steel Ltd. Net Working Capital (In Crore Rs.) 12,000.00 9,610.65 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 8,153.62 8,493.90 7,970.52 3,942.22 4,617.42 10,216.08 4,779.22 4,396.49 3,387.32 2,721.36 6,309.04 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
Steel Authority of India Ltd. Net Working Capital (In Crore Rs.) 45,000.00 39,319.37 40,000.00 34,834.89 35,000.00 36,711.58 27,927.02 27,799.79 30,000.00 26,478.49 25,000.00 20,000.00 15,000.00 10,000.00 5,000.00 13,359.62 17,298.4317,313.74 14,576.87 14,027.4813,865.32 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
JSW Steel Ltd. Net Working Capital (In Crore Rs.) 16,000.00 13,860.48 14,181.89 14,000.00 12,000.00 10,000.00 8,667.27 8,000.00 6,000.00 4,631.64 4,000.00 3,086.00 2,000.00 13,085.82 12,966.09 5,559.52 7,557.21 7,621.89 9,593.01 4,101.83 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
FINANCIAL PERFORMANCE
Current Ratio 3.00 2.50 2.00 1.60 1.50 1.50 2.88 0.62 1.77 1.59 1.39 1.37 2.30 1.00 0.50 1.72 0.91 0.50 0.94 Mar '08 Mar '09 1.06 1.01 0.88 0.64 0.57 0.51 1.13 1.11 0.86 0.85 0.73 0.62 1.24 0.80 0.71 0.65 0.61 0.00 Tata Steel Ltd. JSW Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Industry Average SAIL Mar '12 Mar '13
Debt-Equity Ratio 3.50 3.00 2.50 2.00 3.49 1.50 1.00 0.50 1.20 0.91 0.88 0.80 1.47 1.46 0.18 0.67 0.78 0.21 1.29 1.08 1.85 0.39 0.78 1.34 1.02 2.51 1.08 0.88 0.87 2.06 0.78 0.51 0.47 0.46 0.64 0.55 0.50 0.00 Mar '08 Mar '09 Tata Steel Ltd. JSW Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Industry Average SAIL Mar '12 Mar '13
Long Term Debt-Equity Ratio 3.00 2.50 2.00 1.50 1.10 1.00 1.19 0.94 0.85 0.80 0.71 1.45 1.17 1.14 0.50 0.34 0.78 0.78 0.18 0.66 0.15 2.44 0.97 0.70 0.75 0.74 0.69 1.47 0.57 1.34 0.33 0.31 0.27 0.59 0.46 0.42 0.00 Mar '08 Mar '09 Tata Steel Ltd. JSW Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Industry Average SAIL Mar '12 Mar '13
Interest Coverage Ratio 50 46.70 45 40 37.23 35 30 26.20 25 20 15 10 16.15 15.83 11.87 8.94 6.02 5 8.61 2.00 0 Mar '08 2.76 5.91 1.59 4.13 4.42 0.99 Mar '09 Mar '10 Tata Steel Ltd. JSW Steel Ltd. 6.86 6.23 5.33 4.25 4.04 3.43 3.31 2.65 6.63 6.12 5.18 0.41 0.36 0.08 Mar '11 Essar Steel Ltd. Industry Average SAIL Mar '12 Mar '13
OPERATING MANAGEMENT
Inventory Turnover Ratio 12 No. of times 10 8 6 4 2 0 Mar '08 Mar '09 Tata Steel Ltd. JSW Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Industry Average Mar '12 SAIL Mar '13
Debtor Payment Cycle 35 In no. of days 30 25 20 15 10 5 0 Mar '08 Mar '09 Tata Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Mar '12 Mar '13 SAIL
Creditor Payment Cycle 140 In no. of days 120 100 80 60 40 20 0 Mar '08 Mar '09 Tata Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Mar '12 Mar '13 SAIL
Gross Profit Ratio 50 In %age 40 30 20 10 0 -10 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 -20 -30 Tata Steel Ltd. Essar Steel Ltd. SAIL
OVERALL PERFORMANCE
Return on Capital Employed (%) 60 50 49.44 40 30 27.89 24.05 31.28 24.63 18.20 13.43 20 10 23.27 14.78 17.23 10.87 0 Mar '08 Mar '09 Tata Steel Ltd. JSW Steel Ltd. 18.36 15.28 13.57 4.54 Mar '10 14.26 13.87 11.47 16.14 1.60 14.53 2.25 Mar '11 Essar Steel Ltd. Industry Average 12.68 10.08 9.89 SAIL Mar '12 12.57 7.54 6.18 11.41 0.00 Mar '13
Return on Net Worth (%) 40 37.33 30 26.80 24.89 24.10 20 10 23.32 21.98 16.16 12.34 25.97 21.88 14.19 9.47 6.31 Mar '08 Mar '09 15.04 13.94 11.01 9.99 9.22 16.36 13.51 4.84 14.79 0 -0.32 Mar '10 -5.40 Mar '11 -10 Mar '12 -14.39 -20 Tata Steel Ltd. JSW Steel Ltd. Essar Steel Ltd. Industry Average SAIL 10.43 6.31 5.37 9.43 0.00 Mar '13
SUMMARY  Indian steel industry is still operating at 85% capacity utilization, compared to global steel majors, who operate at around 50% capacities with piling inventories.  Steel industry in today's world can well be termed as the backbone of the economy, given its varied usage, be it in construction, transport, electrical appliances, food packaging, etc.  A setback came due to the recession in 2008. However, the industry witnessed a turnaround turned around in late 2009 and continued to grow thereafter.
SUMMARY Company Tata Steel Ltd. Essar Steel Ltd. Steel Authority of India Ltd. JSW Steel Ltd. Operating Management Financial Management Strong Strong Weak Weak Moderate Strong Strong Strong
SUGAR INDUSTRY  Shree Renuka Sugars Ltd.  Balrampur Chini Mills Ltd.  Dhampur Sugar Mills Ltd.  Andhra Sugars Ltd.
INTRODUCTION  India's sugar production was around 26342 th. tons in 2011-12 in 529 factories, according to Indian Sugar Mills Association.  It is also the largest consumer of sugar in world with total consumption of 23 mn. tons in 2011-12.  India holds the second rank in sugar production after Brazil. It is also the fourth largest exporter after Brazil, Thailand and Australia, with around 5% of total world sugar exports.  Total size of the sugar industry in India is Rs. 80000 crores, growing at rate of 15-20% CAGR.
CURRENT ASSETS ANALYSIS
Shree Renuka Sugars Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 670.06 165.72 284.70 210.28 104.27 30.67 38.69 512.14 23.47 315.94 13.39 48.64 475.78 10.39 176.51 481.70 91.47 173.50 1,719.16 2,058.84 1,002.32 1,135.95 100.17 186.91 Mar '08 Mar '09 Inventories Cash and Bank Mar '10 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
Balrampur Chini Mills Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 301.71 16.52 45.56 432.99 Mar '08 292.82 236.10 311.39 35.13 48.99 156.16 89.88 332.23 11.47 146.96 160.33 191.19 181.38 32.97 17.10 1,491.31 1,997.79 1,886.57 556.39 343.43 Mar '09 Inventories Cash and Bank Mar '10 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
Dhampur Sugar Mills Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 108.45 11.51 48.45 180.04 Mar '08 90.35 94.36 19.55 37.04 89.30 79.66 280.93 419.58 Mar '09 Mar '10 Inventories Cash and Bank 88.39 22.77 85.22 63.83 13.21 59.49 12.87 144.06 216.27 1,311.26 666.85 710.23 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
Andhra Sugars Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 94.80 95.41 13.23 33.84 9.74 57.56 243.45 Mar '08 195.87 Mar '09 Inventories Cash and Bank 86.82 13.87 44.20 114.28 22.80 52.43 22.27 25.89 90.52 90.94 250.25 103.15 109.57 301.41 289.06 Mar '11 Mar '12 Mar '13 131.16 Mar '10 Sundry Debtors Loans and Advances
NET WORKING CAPITAL ANALYSIS
Shree Renuka Sugars Ltd. Net Working Capital (In Crore Rs.) 3500 3000 2,805.51 2,381.84 2500 1,986.93 1,987.50 2000 3,332.65 1500 1000 1,982.49 533.64 500 335.25 943.94 127.46 217.53 0 Mar '08 Mar '09 Mar '10 Mar '11 Total Current Assets 1,177.37 Mar '12 Total Current Liabilities Mar '13
Balrampur Chini Mills Ltd. Net Working Capital (In Crore Rs.) 3,000.00 2,488.45 2,419.47 2,500.00 2,030.17 2,000.00 1,500.00 1,000.00 796.78 876.61 704.89 500.00 450.34 0.00 Mar '08 767.59 249.38 Mar '09 257.58 Mar '10 Total Current Assets 898.96 262.50 Mar '11 Mar '12 Total Current Liabilities Mar '13
Dhampur Sugar Mills Ltd. Net Working Capital (In Crore Rs.) 1,800.00 1,527.68 1,600.00 1,400.00 1,200.00 1,003.54 1,000.00 863.23 800.00 640.28 600.00 470.49 400.00 348.45 200.00 284.43 0.00 Mar '08 454.20 499.19 543.78 701.51 147.60 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
Andhra Sugars Ltd. Net Working Capital (In Crore Rs.) 600.00 523.77 520.17 500.00 400.00 385.32 412.30 358.58 292.38 300.00 200.00 100.00 211.37 203.40 186.68 151.46 187.93 185.50 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
FINANCIAL PERFORMANCE
Current Ratio 1.60 1.40 1.20 1.00 1.08 1.02 0.89 1.01 0.96 0.89 1.19 1.09 0.95 1.27 1.02 1.01 0.96 1.11 0.94 0.89 0.93 0.89 0.80 0.60 1.11 1.01 0.40 1.14 1.05 1.40 1.32 1.05 1.02 0.98 0.72 0.95 0.65 0.20 0.00 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Lrd. Dhampur Sugar Mills Ltd. Industry Average Mar '11 Mar '12 Balrampur Chini Mills Ltd. Andhra Sugars Ltd. Mar '13
Debt-Equity Ratio 3.00 2.50 2.50 1.87 2.00 1.50 1.61 1.51 1.28 1.14 1.11 1.00 1.84 0.50 1.90 1.75 1.69 1.40 1.04 1.19 1.06 0.74 1.20 1.06 1.48 1.62 1.12 1.94 0.67 1.70 0.71 1.59 1.47 0.56 1.21 0.99 0.00 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Industry Average Mar '11 Mar '12 Balrampur Chini Mills Ltd. Andhra Sugars Ltd. Mar '13
Long Term Debt-Equity Ratio 1.60 1.33 1.40 1.20 1.00 0.80 0.60 0.40 1.30 1.08 0.93 0.89 1.37 0.62 0.92 0.97 0.84 0.81 1.26 0.59 1.14 0.85 0.67 0.53 0.95 0.90 0.20 0.41 0.96 0.75 0.54 0.62 0.61 1.10 0.32 0.27 0.34 0.28 Mar '12 Mar '13 0.00 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Industry Average Mar '11 Balrampur Chini Mills Ltd. Andhra Sugars Ltd.
Interest Coverage Ratio 8 7.80 7.54 7 5.62 6 5 4 3 3.11 5.34 2.20 2.15 2 1 0 0.62 0.44 Mar '08 3.76 3.53 7.80 3.62 3.21 2.92 2.29 2.681.16 2.21 Mar '09 1.75 3.46 3.30 Mar '10 Shree Renuka Sugas Ltd. Dhampur Sugar Mills Ltd. Industry Average 1.08 2.52 Mar '11 1.46 1.61 1.05 1.35 2.46 1.21 Mar '12 Balrampur Chini Mills Ltd. Andhra Suhars Ltd. Mar '13
OPERATING MANAGEMENT
Inventory Turnover Ratio 14.00 No. of times 12.00 10.00 8.00 6.00 4.00 2.00 0.00 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Mar '11 Mar '12 Mar '13 Balrampur Chini Mills Ltd. JSW Steel Ltd.
Debtor Payment Cycle 50 45 In no. of days 40 35 30 25 20 15 10 5 0 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Mar '11 Mar '12 Mar '13 Balrampur Chini Mills Ltd. Andhra Sugars Ltd.
Creditor Payment Cycle 140 In no. of days 120 100 80 60 40 20 0 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Mar '11 Mar '12 Mar '13 Balrampur Chini Mills Ltd. Andhra Sugars Ltd.
Gross Profit Ratio 30.00 In %age 25.00 20.00 15.00 10.00 5.00 0.00 -5.00 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 -10.00 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Balrampur Chini Mills Ltd. Andhra Sugars Ltd.
OVERALL PERFORMANCE
Return on Capital Employed (%) 25 20 15.60 10.29 10 0 -5 12.30 11.70 7.32 4.8413.98 9.88 11.13 15.82 14.62 11.98 10.63 21.26 6.91 9.12 0.00 Mar '08 -3.23 Mar '09 18.73 15.34 15 5 20.02 19.80 Mar '10 Shree Renuka sugars Ltd. Dhampur Sugar Mills Ltd. Industry Average Mar '11 10.63 9.50 8.24 4.75 11.79 8.81 11.23 8.40 Mar '12 Balrampur Chini Mills Ltd. Andhra Sugars Ltd. Mar '13
Return on Net Worth (%) 30 25 20 14.48 11.61 15 10 18.44 9.03 16.53 5.14 3.23 10.28 5 0.00 0 Mar '08 Mar '09 -5 21.61 18.98 16.67 12.03 20.60 15.07 17.26 26.94 11.58 9.36 8.90 1.11 Mar '10 Mar '11 8.18 5.78 4.81 0.53 9.35 4.50 12.75 2.90 Mar '12 -10 -15 -14.56 -20 Shree Renuka sugars Ltd. Dhampur Sugar Mills Ltd. Industry Average Balrampur Chini Mills Ltd. Andhra Sugars Ltd. Mar '13
SUMMARY  Indian sugar industry is still operating at 10.11% sugar recovery rate. In future, the sugar import is expected to decrease.  Sugar production in India typically follows a 5-6 years cycle wherein 2-3 years of higher production are followed by 2-3 years of lower production.  Indian sugar industry also produce a number of by products such as bagasse and molasses. They are further used in power generation and alcohol production.  Sugar industry in India is highly controlled by both central and state governments. Recently it is deregulated to certain extent which is believed to boost the profits.
SUMMARY Company Operating Management Financial Management Shree Renuka Sugars Ltd. Strong Weak Balrampur Chini Mills Ltd. Moderate Moderate Dhampur Sugar Mills Ltd. Moderate Weak Weak Strong Andhra Sugars Ltd.
AUTOMOBILE INDUSTRY  Mahindra & Mahindra Ltd.  Maruti Suzuki India Ltd.  Tata Motors Ltd.  Hyundai Motor India Ltd.
INTRODUCTION  The automotive industry is one of the key drivers of India’s economy, accounting for around 7% of India’s GDP and over 200,000 jobs, as per KPMG. It is growing at the 15% rate.  The automobile market of India is the seventh largest in the world annually producing 17.5 million vehicles, out of which approximately 2.3 million automobiles are exported.  Of the total market size, two and three wheeler vehicles occupy around 80%. Rest is divided between Passenger Vehicles (16%) and Commercial Vehicles (4%).
CURRENT ASSETS ANALYSIS
Mahindra & Mahindra Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 694.15 1,396.05 1,271.94 1,402.29 1,856.42 1,153.25 861.23 614.64 1,574.43 1,743.23 1,004.88 1,188.43 1,781.41 1,260.31 1,928.53 2,208.35 1,043.65 1,258.08 1,084.11 Mar '08 1,060.67 1,188.78 Mar '09 Inventories Cash and Bank Mar '10 1,694.21 2,358.39 2,419.77 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
Maruti Suzuki India Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 876.60 1073.90 1730.90 2508.50 655.50 1655.60 1655.50 330.50 1939.00 1154.70 2436.10 775.00 98.20 1423.70 809.90 824.50 937.60 1208.80 1415.00 1796.50 1840.70 Mar '10 Mar '11 Mar '12 Mar '13 937.80 1038.00 902.30 Mar '08 Mar '09 Inventories Cash and Bank Sundry Debtors Loans and Advances
Tata Motors Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1962.47 4410.38 1985.15 2428.92 1840.96 4425.84 4963.10 1636.35 462.86 1818.04 1753.26 2397.31 1141.82 1130.73 1205.52 2391.92 2421.83 2229.81 2935.59 Mar '08 Mar '09 Mar '10 Inventories Cash and Bank 2602.88 2708.32 3891.39 4588.23 Mar '11 Mar '12 Sundry Debtors Loans and Advances 4455.03 Mar '13
Hyundai Motor India Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 862.67 1141.31 1179.78 661.60 561.94 1550.80 1947.98 1811.27 1906.00 815.30 1287.99 928.38 1264.66 1203.73 1586.54 Mar '11 Mar '12 Mar '13 450.42 240.29 431.06 1280.59 Mar '08 842.99 1532.24 Mar '09 Inventories Cash and Bank 1915.04 2064.80 2126.47 Mar '10 Sundry Debtors Loans and Advances
NET WORKING CAPITAL ANALYSIS
Mahindra & Mahindra Ltd. Net Working Capital (In Crore Rs.) 9,000.00 7,681.47 8,000.00 6,871.40 7,000.00 6,046.51 6,000.00 5,081.04 5,000.00 4,722.41 4,000.00 3,644.37 3,000.00 2,000.00 4,797.76 5,200.00 5,858.91 6,919.12 7,834.24 3,240.01 1,000.00 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
Maruti Suzuki India Ltd. Net Working Capital (In Crore Rs.) 7,000.00 6,324.90 6,000.00 5,695.00 5,624.60 5,510.00 5,000.00 3,772.40 4,000.00 3,097.90 3,000.00 5,309.70 2,000.00 1,000.00 2,825.70 5,981.70 3,416.50 3,567.80 3,848.50 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
Tata Motors Ltd. Net Working Capital (In Crore Rs.) 20,000.00 18,000.00 16,000.00 14,000.00 11,506.61 10,885.66 11,122.66 12,000.00 10,360.25 9,540.25 10,000.00 8,372.28 17,372.59 8,000.00 14,262.10 12,688.96 12,357.44 6,000.00 10,633.10 10,841.04 4,000.00 2,000.00 0.00 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 Total Current Assets Total Current Liabilities
Hyundai Motor India Ltd. Net Working Capital (In Crore Rs.) 7,000.00 6,368.90 5,744.76 6,000.00 4,959.66 5,000.00 4,000.00 5,381.10 3,899.50 3,239.93 3,000.00 2,000.00 1,000.00 3,776.20 3,208.55 3,516.18 2,748.38 2,248.35 2,263.71 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
FINANCIAL PERFORMANCE
Current Ratio 1.60 1.48 1.36 1.40 1.20 1.00 1.19 1.14 0.99 0.97 1.16 0.99 0.86 0.80 0.60 1.05 1.08 1.45 1.42 0.92 1.01 0.96 0.82 1.13 0.63 1.22 0.52 1.19 0.51 1.13 0.50 1.08 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 0.40 0.88 0.91 0.44 0.85 0.20 0.00 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Maruti Suzuki India Ltd. Hyundai Motor India Ltd. Mar '13
Debt-Equity Ratio 1.40 1.20 1.10 1.20 1.00 0.80 1.02 0.93 0.97 0.90 0.70 0.69 0.73 0.66 0.60 0.54 0.53 0.47 0.81 0.66 0.62 0.57 0.53 0.40 0.85 0.45 0.45 0.29 0.27 0.26 0.20 0.00 0.10 0.09 0.07 0.04 0.05 0.08 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
Long Term Debt-Equity Ratio 1.20 1.02 1.00 0.82 0.80 0.67 0.60 0.51 0.53 0.41 0.38 0.40 0.66 0.51 0.48 0.52 0.43 0.51 0.60 0.48 0.29 0.58 0.47 0.43 0.40 0.31 0.24 0.24 0.28 0.20 0.00 0.07 0.06 0.05 0.02 0.00 0.01 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
Interest Coverage Ratio 140.00 120.00 100.00 80.00 125.35 49.55 46.08 108.24 33.08 40.00 28.97 23.1627.71 24.26 22.29 19.15 14.79 13.69 13.53 20.00 43.00 8.96 5.47 29.9111.50 2.56 6.82 35.74 6.23 2.59 2.56 2.35 1.67 1.40 14.77 0.00 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 60.00 51.84 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
OPERATING MANAGEMENT
Inventory Turnover Ratio 35.00 No. of times 30.00 25.00 20.00 15.00 10.00 5.00 0.00 Mar '08 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 Mar '12 Mar '13 Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
Debtor Payment Cycle 25.00 In no. of days 20.00 15.00 10.00 5.00 0.00 Mar '08 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 Mar '12 Mar '13 Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
Creditor Payment Cycle 60.00 In no. of days 50.00 40.00 30.00 20.00 10.00 0.00 Mar '08 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 Mar '12 Mar '13 Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
Gross Profit Ratio 20.00 In % 18.00 16.00 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 Mar '08 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 Mar '12 Mar '13 Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
OVERALL PERFORMANCE
Return on Capital Employed (%) 35 31.95 30.06 30.51 30 25 23.53 21.47 20.86 23.15 20.29 18.37 15.76 14.83 15 11.34 7.87 21.28 5 26.27 25.44 20 10 29.92 6.88 20.55 19.66 16.69 16.56 15.16 12.69 10.33 7.94 11.20 10.09 8.06 5.14 0 Mar '08 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 Mar '12 Maruti Suzuki India Ltd. Hyundai Motor India Ltd. Mar '13
Return on Net Worth (%) 35 31.96 29.39 30 25 24.05 22.76 22.67 20.40 18.10 20 15 10 12.08 11.04 8.63 23.91 5 25.71 23.58 25.08 21.99 18.32 17.81 17.36 11.85 6.43 11.32 10.37 5.34 16.52 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 15.41 12.48 10.06 8.32 0 Mar '08 20.53 Mar '12 Maruti Suzuki India Ltd. Hyundai Motor India Ltd. 3.56 Mar '13
SUMMARY  Indian still has the lowest passenger car penetration per 1000 population (13-15/1000) among BRIC countries.  As per SIAM estimates, passenger car segment is pegged to grow at a rate of 5-7% while commercial vehicle segment is pegged to grow at 7-9% in 2013-14.  The 165000 Crore large industry (2010 figure) is expected to grow threefold by 2016.  The growth of industry is directly linked with fuel prices, economic growth etc.
SUMMARY Company Operating Management Financial Management Mahindra & Mahindra Ltd. Strong Strong Maruti Suzuki India Ltd. Strong Moderate Tata Motors Ltd. Weak Moderate Hyundai Motor India Ltd. Weak Weak
THANK YOU

More Related Content

DOCX
Final report in working capital management of tata steel ltd.
Shazia Khan
 
PPTX
A study on working capital management at tata
PINKEY GUPTA
 
DOCX
A PROJECT REPORT ON WORKING CAPITAL MANAGEMENT AND CONTROL
sanjay3017
 
DOC
Project 8
thara_babu
 
PDF
final_rep
rahul kumar
 
PPTX
Working Capital Management
Sukanya Dasgupta
 
DOCX
Comparative study of the financial analysis of Tata steel and Jindal Steel
archit aggarwal
 
PDF
working capital management
Subendu Choudhary
 
Final report in working capital management of tata steel ltd.
Shazia Khan
 
A study on working capital management at tata
PINKEY GUPTA
 
A PROJECT REPORT ON WORKING CAPITAL MANAGEMENT AND CONTROL
sanjay3017
 
Project 8
thara_babu
 
final_rep
rahul kumar
 
Working Capital Management
Sukanya Dasgupta
 
Comparative study of the financial analysis of Tata steel and Jindal Steel
archit aggarwal
 
working capital management
Subendu Choudhary
 

What's hot (20)

PPTX
Presentation
employee goverment
 
PPTX
Analysis of Tata Steel
Bhavin Agrawal
 
PDF
TATA Steel
Sahal Patel
 
DOCX
Comparative analysis of financial converted
Amar Chauhan
 
PPTX
Investment analysis 0f JSW STEEL
Pradeep Kumar
 
DOCX
Steel Authority of India Limited
Diptesh chowdhury
 
DOC
SAIL SSP IPT report by srm univ
Aswinkumar R
 
PPT
Sail final
Anuradha Mukherjee
 
PDF
A STUDY OF JSW – AN INDIAN STEEL MANUFACTURING COMPANY
Kushal Shah
 
DOC
Internship report - Archana - 17-9-2013
Archana Kumari
 
PPTX
Financial analysis of steel industry ( JSW)
Unitedworld School Of Business
 
DOCX
Tata steel financial analysis with comments on trend and comparative balances...
NIRAV CHAUHAN
 
PPT
Organizational Design SAIL
Neelutpal Saha
 
PPTX
COMPANY & DEMAND ANALYSIS JSW ENERGY LIMITED.
Kanishk Srivastava
 
DOC
Summer project report by sweta jaiswal biitm
Sweta Jaiswal
 
PPTX
FINANCE IN SAIL
Jayaram S
 
PPTX
ORGANISATIONAL STUDY REPORT OF STEEL AUTHORITY OF INDIA lpptx
Harikrishnan M
 
PPTX
Operational Management in steel plant
SANTOSH KUMAR
 
PPT
Technology Strategy Jsw Steel
prasenjitdebdas
 
DOCX
project report employee engagement (by ) mahadev rana
Mahadev Rana
 
Presentation
employee goverment
 
Analysis of Tata Steel
Bhavin Agrawal
 
TATA Steel
Sahal Patel
 
Comparative analysis of financial converted
Amar Chauhan
 
Investment analysis 0f JSW STEEL
Pradeep Kumar
 
Steel Authority of India Limited
Diptesh chowdhury
 
SAIL SSP IPT report by srm univ
Aswinkumar R
 
Sail final
Anuradha Mukherjee
 
A STUDY OF JSW – AN INDIAN STEEL MANUFACTURING COMPANY
Kushal Shah
 
Internship report - Archana - 17-9-2013
Archana Kumari
 
Financial analysis of steel industry ( JSW)
Unitedworld School Of Business
 
Tata steel financial analysis with comments on trend and comparative balances...
NIRAV CHAUHAN
 
Organizational Design SAIL
Neelutpal Saha
 
COMPANY & DEMAND ANALYSIS JSW ENERGY LIMITED.
Kanishk Srivastava
 
Summer project report by sweta jaiswal biitm
Sweta Jaiswal
 
FINANCE IN SAIL
Jayaram S
 
ORGANISATIONAL STUDY REPORT OF STEEL AUTHORITY OF INDIA lpptx
Harikrishnan M
 
Operational Management in steel plant
SANTOSH KUMAR
 
Technology Strategy Jsw Steel
prasenjitdebdas
 
project report employee engagement (by ) mahadev rana
Mahadev Rana
 
Ad

Similar to Presentation - Working Capital Management (20)

PDF
Equity research report JSW Steel.
pratikshaZodape1
 
PDF
Grand project of Security analysis
Prakash Chandrashekar
 
PDF
Continuous Casting: Get more from your Caster
Rakesh Niranjan
 
PDF
Steel Scenario_Gouranga Sen
Gouranga Sen
 
PDF
jindalsteelandpower-140921030747-phpapp01.pdf
605BlessinaShetty
 
PPTX
TATA STEEL RATIO ANALYSIS.pptx
KoushikMukherjee29
 
PPTX
“Steel Industry”
Shubham Raut
 
PDF
book 2 PDF
subrat Kumar Kar
 
PPTX
JSW (Jindal South West)
Badri Nath
 
PDF
Indian Steel Industry
shibisingh
 
DOCX
Tatasteelfinancialanalysiswithcommentsontrendandcomparativebalanceshhet 12122...
Bundaran Reuk
 
DOCX
Tatasteelfinancialanalysiswithcommentsontrendandcomparativebalanceshhet 12122...
Bundaran Reuk
 
PPTX
Economic study on TATA Steel 2015
Rohit Pawar
 
PPTX
product development
rasup
 
PPTX
Steel industry
sanket kakade
 
PDF
ATS Company Reports: Technocraft industries ltd.
Aditya Trading Solutions Pvt Ltd
 
PDF
SAIL_Valuation_DCF Ankita & Anurag CIMP, Patna
CIMP, Patna
 
DOCX
354110-005-1Though TSGs performance in the first half.docx
tamicawaysmith
 
PDF
FM GENERIC SKILLS PROJECT SEM 3.pdf.....
Sanjay731211
 
PPS
Direct reduced iron final.ppt
Shivam Gupta
 
Equity research report JSW Steel.
pratikshaZodape1
 
Grand project of Security analysis
Prakash Chandrashekar
 
Continuous Casting: Get more from your Caster
Rakesh Niranjan
 
Steel Scenario_Gouranga Sen
Gouranga Sen
 
jindalsteelandpower-140921030747-phpapp01.pdf
605BlessinaShetty
 
TATA STEEL RATIO ANALYSIS.pptx
KoushikMukherjee29
 
“Steel Industry”
Shubham Raut
 
book 2 PDF
subrat Kumar Kar
 
JSW (Jindal South West)
Badri Nath
 
Indian Steel Industry
shibisingh
 
Tatasteelfinancialanalysiswithcommentsontrendandcomparativebalanceshhet 12122...
Bundaran Reuk
 
Tatasteelfinancialanalysiswithcommentsontrendandcomparativebalanceshhet 12122...
Bundaran Reuk
 
Economic study on TATA Steel 2015
Rohit Pawar
 
product development
rasup
 
Steel industry
sanket kakade
 
ATS Company Reports: Technocraft industries ltd.
Aditya Trading Solutions Pvt Ltd
 
SAIL_Valuation_DCF Ankita & Anurag CIMP, Patna
CIMP, Patna
 
354110-005-1Though TSGs performance in the first half.docx
tamicawaysmith
 
FM GENERIC SKILLS PROJECT SEM 3.pdf.....
Sanjay731211
 
Direct reduced iron final.ppt
Shivam Gupta
 
Ad

More from Sharad Srivastava (20)

PPTX
Presentation - Sales & Distribution at ITC
Sharad Srivastava
 
PPTX
Presentation - Scope and Schedule Management of Business Analytics Project
Sharad Srivastava
 
DOCX
IT Case Study - SAP CRM in Asian Paints
Sharad Srivastava
 
PPTX
Presentation - Electronic Data Interchange
Sharad Srivastava
 
DOCX
Report - Risk Management in Banks
Sharad Srivastava
 
DOCX
Report - Monetary Policy
Sharad Srivastava
 
PPTX
Marketing Case Study - Starbucks
Sharad Srivastava
 
DOCX
Strategy Report - Daurala Sugar Works
Sharad Srivastava
 
PPT
Presentation - Rational Unified Process
Sharad Srivastava
 
PPTX
Presentation - SERVQUAL
Sharad Srivastava
 
DOCX
Term Paper - Quality Assurance in Software Development
Sharad Srivastava
 
DOCX
Software Requirement Specification - Interest Rate Management
Sharad Srivastava
 
DOCX
Business Case - SCM Implementation
Sharad Srivastava
 
PPTX
Presentation - The Negotiable Instruments Act 1881
Sharad Srivastava
 
DOCX
Marketing Strategy - Daurala Sugar Works
Sharad Srivastava
 
PPTX
Presentation - Microfinance in India
Sharad Srivastava
 
DOC
Report - Colgate Financial Analysis
Sharad Srivastava
 
PPTX
ERP Case Study - Warehouse Management System
Sharad Srivastava
 
PPT
Organisation Case Study - Restructuring at Mayekawa
Sharad Srivastava
 
DOC
Report - South Africa
Sharad Srivastava
 
Presentation - Sales & Distribution at ITC
Sharad Srivastava
 
Presentation - Scope and Schedule Management of Business Analytics Project
Sharad Srivastava
 
IT Case Study - SAP CRM in Asian Paints
Sharad Srivastava
 
Presentation - Electronic Data Interchange
Sharad Srivastava
 
Report - Risk Management in Banks
Sharad Srivastava
 
Report - Monetary Policy
Sharad Srivastava
 
Marketing Case Study - Starbucks
Sharad Srivastava
 
Strategy Report - Daurala Sugar Works
Sharad Srivastava
 
Presentation - Rational Unified Process
Sharad Srivastava
 
Presentation - SERVQUAL
Sharad Srivastava
 
Term Paper - Quality Assurance in Software Development
Sharad Srivastava
 
Software Requirement Specification - Interest Rate Management
Sharad Srivastava
 
Business Case - SCM Implementation
Sharad Srivastava
 
Presentation - The Negotiable Instruments Act 1881
Sharad Srivastava
 
Marketing Strategy - Daurala Sugar Works
Sharad Srivastava
 
Presentation - Microfinance in India
Sharad Srivastava
 
Report - Colgate Financial Analysis
Sharad Srivastava
 
ERP Case Study - Warehouse Management System
Sharad Srivastava
 
Organisation Case Study - Restructuring at Mayekawa
Sharad Srivastava
 
Report - South Africa
Sharad Srivastava
 

Recently uploaded (20)

PDF
Daniels 2024 Inclusive, Sustainable Development
CMassociates
 
PDF
Ron Thomas - Top Influential Business Leaders Shaping the Modern Industry – 2025
themenabusinessrevie
 
PPTX
CTG - Business Update 2Q2025 & 6M2025.pptx
HcTrSoros
 
PDF
Keppel_Proposed Divestment of M1 Limited
KeppelCorporation
 
PPTX
IITM - FINAL Option - 01 - 12.08.25.pptx
MukeshAssociates2
 
PDF
Chapter 2 - AI chatbots and prompt engineering.pdf
Quan Risk
 
PDF
income tax laws notes important pakistan
VrindaTayade1
 
PDF
NEW - FEES STRUCTURES (01-july-2024).pdf
priyansubarmanwork
 
PPTX
interschool scomp.pptxzdkjhdjvdjvdjdhjhieij
PrashantNagi1
 
PDF
#1 Safe and Secure Verified Cash App Accounts for Purchase.pdf
Buy Verified Cash App Accounts
 
PDF
Susan Semmelmann: Enriching the Lives of others through her Talents and Bless...
CIO WOMEN MAGAIZNE CIO WOMEN MAGAIZNE
 
PDF
Introduction to Generative Engine Optimization (GEO)
seoplus+
 
PPTX
2 - Self & Personality 587689213yiuedhwejbmansbeakjrk
inshu28231804
 
PDF
Charisse Litchman: A Maverick Making Neurological Care More Accessible
The lifescience magaizne
 
PPTX
basic introduction to research chapter 1.pptx
sangeethanagaraj8
 
PDF
TyAnn Osborn: A Visionary Leader Shaping Corporate Workforce Dynamics
CIO WOMEN MAGAIZNE CIO WOMEN MAGAIZNE
 
PDF
NISM Series V-A MFD Workbook v December 2024.khhhjtgvwevoypdnew one must use ...
RoopaSherkar
 
PPT
Lecture notes on Business Research Methods
obedgyan3
 
DOCX
Center Enamel A Strategic Partner for the Modernization of Georgia's Chemical...
cecvessels
 
PPTX
Slide gioi thieu VietinBank Quy 2 - 2025
hoadm5190
 
Daniels 2024 Inclusive, Sustainable Development
CMassociates
 
Ron Thomas - Top Influential Business Leaders Shaping the Modern Industry – 2025
themenabusinessrevie
 
CTG - Business Update 2Q2025 & 6M2025.pptx
HcTrSoros
 
Keppel_Proposed Divestment of M1 Limited
KeppelCorporation
 
IITM - FINAL Option - 01 - 12.08.25.pptx
MukeshAssociates2
 
Chapter 2 - AI chatbots and prompt engineering.pdf
Quan Risk
 
income tax laws notes important pakistan
VrindaTayade1
 
NEW - FEES STRUCTURES (01-july-2024).pdf
priyansubarmanwork
 
interschool scomp.pptxzdkjhdjvdjvdjdhjhieij
PrashantNagi1
 
#1 Safe and Secure Verified Cash App Accounts for Purchase.pdf
Buy Verified Cash App Accounts
 
Susan Semmelmann: Enriching the Lives of others through her Talents and Bless...
CIO WOMEN MAGAIZNE CIO WOMEN MAGAIZNE
 
Introduction to Generative Engine Optimization (GEO)
seoplus+
 
2 - Self & Personality 587689213yiuedhwejbmansbeakjrk
inshu28231804
 
Charisse Litchman: A Maverick Making Neurological Care More Accessible
The lifescience magaizne
 
basic introduction to research chapter 1.pptx
sangeethanagaraj8
 
TyAnn Osborn: A Visionary Leader Shaping Corporate Workforce Dynamics
CIO WOMEN MAGAIZNE CIO WOMEN MAGAIZNE
 
NISM Series V-A MFD Workbook v December 2024.khhhjtgvwevoypdnew one must use ...
RoopaSherkar
 
Lecture notes on Business Research Methods
obedgyan3
 
Center Enamel A Strategic Partner for the Modernization of Georgia's Chemical...
cecvessels
 
Slide gioi thieu VietinBank Quy 2 - 2025
hoadm5190
 

Presentation - Working Capital Management

  • 1. Working Capital Management Under the kind guidance of Dr. A. K. Sharma Team: Sharad Srivastava Vikas Kumar Singhal 12810086 12810076
  • 2. AGENDA  Vertical Analysis  Net Working Capital Analysis  Financial Performance  Operating Management
  • 3. COMPANY CHOSEN Company Company Company Company 1 2 3 4 Steel Industry Tata Steel Ltd. Essar Steel Ltd. Steel Authority of India Ltd. JSW Steel Ltd. Sugar Industry Shree Renuka Sugars Ltd. Balrampur Chini Mills Ltd. Dhampur Sugar Mills Ltd. The Andhra Sugars Ltd. Maruti Suzuki India Ltd. Tata Motors Ltd. Hyundai Motor India Ltd. Automobil Mahindra & e Industry Mahindra Ltd.
  • 4. STEEL INDUSTRY  Tata Steel Ltd.  Essar Steel Ltd.  Steel Authority of India Ltd.  JSW Steel Ltd.
  • 5. INTRODUCTION  India's steel production rose to 77.62 mn tons in 2012-13 when compared to 75.70 mn tons recorded in the previous year, according to the data released by the Ministry of Steel. It is growing at 8% CAGR for last 7 years.  India is currently the fourth largest producer of crude steel after China, Japan and USA. It is also the largest producer of sponge iron.  Share of public sector has reduced from 32% in 2008-09 to 21% in 2012-13.  Iron and Steel industry contributes around 3% of the GDP.
  • 7. Tata Steel Ltd. Current Asset Analysis (In Crore Rs.) 100% 1,905.34 90% 2,823.63 80% 5,032.70 5,503.89 6,596.67 70% 3,946.99 2,218.11 60% 33,348.94 796.92 50% 1,590.60 904.08 3,234.14 4,138.78 40% 635.98 30% 424.02 434.83 4,858.99 5,257.94 20% 465.04 3,480.47 3,077.75 3,953.76 10% 543.48 2,604.98 0% Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 Inventories Cash and Bank Sundry Debtors Loans and Advances
  • 8. Essar Steel Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1,074.22 1,544.27 2,970.44 2,868.36 3,094.80 3,342.00 399.49 360.40 508.16 407.47 902.95 514.76 1,771.25 650.96 589.66 623.11 681.27 471.24 2,108.11 2,157.52 2,633.23 Mar '08 Mar '09 Inventories Cash and Bank Mar '10 5,222.50 4,044.64 3,847.52 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
  • 9. Steel Authority of India Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2,652.83 3,222.14 4,196.43 3,630.50 2,845.39 3,333.24 6,415.70 3,850.35 13,759.44 18,264.67 22,436.37 3,048.12 3,027.77 17,480.09 4,424.18 4,748.77 4,130.27 3,493.90 13,917.16 16,192.02 7,018.10 10,320.31 9,192.67 11,470.72 Mar '08 Mar '09 Inventories Cash and Bank Mar '10 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
  • 10. JSW Steel Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 860.23 1,803.41 1,762.12 2,123.39 6,118.80 1,886.80 339.22 337.39 4,440.76 419.96 398.14 287.11 563.25 838.65 2,956.02 1,401.79 1,284.62 1,862.20 1,549.16 2,051.42 2,585.77 4,138.41 Mar '08 Mar '09 Inventories Cash and Bank Mar '10 Mar '11 5,179.08 4,799.10 Mar '12 Sundry Debtors Loans and Advances Mar '13
  • 12. Tata Steel Ltd. Net Working Capital (In Crore Rs.) 40,000.00 36,962.44 35,000.00 30,000.00 25,000.00 20,000.00 15,000.00 15,113.23 10,739.75 12,250.61 11,615.40 11,096.60 10,000.00 5,000.00 12,546.27 9,990.41 9,003.39 9,293.21 12,019.27 7,834.43 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
  • 13. Essar Steel Ltd. Net Working Capital (In Crore Rs.) 12,000.00 9,610.65 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 8,153.62 8,493.90 7,970.52 3,942.22 4,617.42 10,216.08 4,779.22 4,396.49 3,387.32 2,721.36 6,309.04 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
  • 14. Steel Authority of India Ltd. Net Working Capital (In Crore Rs.) 45,000.00 39,319.37 40,000.00 34,834.89 35,000.00 36,711.58 27,927.02 27,799.79 30,000.00 26,478.49 25,000.00 20,000.00 15,000.00 10,000.00 5,000.00 13,359.62 17,298.4317,313.74 14,576.87 14,027.4813,865.32 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
  • 15. JSW Steel Ltd. Net Working Capital (In Crore Rs.) 16,000.00 13,860.48 14,181.89 14,000.00 12,000.00 10,000.00 8,667.27 8,000.00 6,000.00 4,631.64 4,000.00 3,086.00 2,000.00 13,085.82 12,966.09 5,559.52 7,557.21 7,621.89 9,593.01 4,101.83 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
  • 17. Current Ratio 3.00 2.50 2.00 1.60 1.50 1.50 2.88 0.62 1.77 1.59 1.39 1.37 2.30 1.00 0.50 1.72 0.91 0.50 0.94 Mar '08 Mar '09 1.06 1.01 0.88 0.64 0.57 0.51 1.13 1.11 0.86 0.85 0.73 0.62 1.24 0.80 0.71 0.65 0.61 0.00 Tata Steel Ltd. JSW Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Industry Average SAIL Mar '12 Mar '13
  • 18. Debt-Equity Ratio 3.50 3.00 2.50 2.00 3.49 1.50 1.00 0.50 1.20 0.91 0.88 0.80 1.47 1.46 0.18 0.67 0.78 0.21 1.29 1.08 1.85 0.39 0.78 1.34 1.02 2.51 1.08 0.88 0.87 2.06 0.78 0.51 0.47 0.46 0.64 0.55 0.50 0.00 Mar '08 Mar '09 Tata Steel Ltd. JSW Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Industry Average SAIL Mar '12 Mar '13
  • 19. Long Term Debt-Equity Ratio 3.00 2.50 2.00 1.50 1.10 1.00 1.19 0.94 0.85 0.80 0.71 1.45 1.17 1.14 0.50 0.34 0.78 0.78 0.18 0.66 0.15 2.44 0.97 0.70 0.75 0.74 0.69 1.47 0.57 1.34 0.33 0.31 0.27 0.59 0.46 0.42 0.00 Mar '08 Mar '09 Tata Steel Ltd. JSW Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Industry Average SAIL Mar '12 Mar '13
  • 20. Interest Coverage Ratio 50 46.70 45 40 37.23 35 30 26.20 25 20 15 10 16.15 15.83 11.87 8.94 6.02 5 8.61 2.00 0 Mar '08 2.76 5.91 1.59 4.13 4.42 0.99 Mar '09 Mar '10 Tata Steel Ltd. JSW Steel Ltd. 6.86 6.23 5.33 4.25 4.04 3.43 3.31 2.65 6.63 6.12 5.18 0.41 0.36 0.08 Mar '11 Essar Steel Ltd. Industry Average SAIL Mar '12 Mar '13
  • 22. Inventory Turnover Ratio 12 No. of times 10 8 6 4 2 0 Mar '08 Mar '09 Tata Steel Ltd. JSW Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Industry Average Mar '12 SAIL Mar '13
  • 23. Debtor Payment Cycle 35 In no. of days 30 25 20 15 10 5 0 Mar '08 Mar '09 Tata Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Mar '12 Mar '13 SAIL
  • 24. Creditor Payment Cycle 140 In no. of days 120 100 80 60 40 20 0 Mar '08 Mar '09 Tata Steel Ltd. Mar '10 Mar '11 Essar Steel Ltd. Mar '12 Mar '13 SAIL
  • 25. Gross Profit Ratio 50 In %age 40 30 20 10 0 -10 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 -20 -30 Tata Steel Ltd. Essar Steel Ltd. SAIL
  • 27. Return on Capital Employed (%) 60 50 49.44 40 30 27.89 24.05 31.28 24.63 18.20 13.43 20 10 23.27 14.78 17.23 10.87 0 Mar '08 Mar '09 Tata Steel Ltd. JSW Steel Ltd. 18.36 15.28 13.57 4.54 Mar '10 14.26 13.87 11.47 16.14 1.60 14.53 2.25 Mar '11 Essar Steel Ltd. Industry Average 12.68 10.08 9.89 SAIL Mar '12 12.57 7.54 6.18 11.41 0.00 Mar '13
  • 28. Return on Net Worth (%) 40 37.33 30 26.80 24.89 24.10 20 10 23.32 21.98 16.16 12.34 25.97 21.88 14.19 9.47 6.31 Mar '08 Mar '09 15.04 13.94 11.01 9.99 9.22 16.36 13.51 4.84 14.79 0 -0.32 Mar '10 -5.40 Mar '11 -10 Mar '12 -14.39 -20 Tata Steel Ltd. JSW Steel Ltd. Essar Steel Ltd. Industry Average SAIL 10.43 6.31 5.37 9.43 0.00 Mar '13
  • 29. SUMMARY  Indian steel industry is still operating at 85% capacity utilization, compared to global steel majors, who operate at around 50% capacities with piling inventories.  Steel industry in today's world can well be termed as the backbone of the economy, given its varied usage, be it in construction, transport, electrical appliances, food packaging, etc.  A setback came due to the recession in 2008. However, the industry witnessed a turnaround turned around in late 2009 and continued to grow thereafter.
  • 30. SUMMARY Company Tata Steel Ltd. Essar Steel Ltd. Steel Authority of India Ltd. JSW Steel Ltd. Operating Management Financial Management Strong Strong Weak Weak Moderate Strong Strong Strong
  • 31. SUGAR INDUSTRY  Shree Renuka Sugars Ltd.  Balrampur Chini Mills Ltd.  Dhampur Sugar Mills Ltd.  Andhra Sugars Ltd.
  • 32. INTRODUCTION  India's sugar production was around 26342 th. tons in 2011-12 in 529 factories, according to Indian Sugar Mills Association.  It is also the largest consumer of sugar in world with total consumption of 23 mn. tons in 2011-12.  India holds the second rank in sugar production after Brazil. It is also the fourth largest exporter after Brazil, Thailand and Australia, with around 5% of total world sugar exports.  Total size of the sugar industry in India is Rs. 80000 crores, growing at rate of 15-20% CAGR.
  • 34. Shree Renuka Sugars Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 670.06 165.72 284.70 210.28 104.27 30.67 38.69 512.14 23.47 315.94 13.39 48.64 475.78 10.39 176.51 481.70 91.47 173.50 1,719.16 2,058.84 1,002.32 1,135.95 100.17 186.91 Mar '08 Mar '09 Inventories Cash and Bank Mar '10 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
  • 35. Balrampur Chini Mills Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 301.71 16.52 45.56 432.99 Mar '08 292.82 236.10 311.39 35.13 48.99 156.16 89.88 332.23 11.47 146.96 160.33 191.19 181.38 32.97 17.10 1,491.31 1,997.79 1,886.57 556.39 343.43 Mar '09 Inventories Cash and Bank Mar '10 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
  • 36. Dhampur Sugar Mills Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 108.45 11.51 48.45 180.04 Mar '08 90.35 94.36 19.55 37.04 89.30 79.66 280.93 419.58 Mar '09 Mar '10 Inventories Cash and Bank 88.39 22.77 85.22 63.83 13.21 59.49 12.87 144.06 216.27 1,311.26 666.85 710.23 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
  • 37. Andhra Sugars Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 94.80 95.41 13.23 33.84 9.74 57.56 243.45 Mar '08 195.87 Mar '09 Inventories Cash and Bank 86.82 13.87 44.20 114.28 22.80 52.43 22.27 25.89 90.52 90.94 250.25 103.15 109.57 301.41 289.06 Mar '11 Mar '12 Mar '13 131.16 Mar '10 Sundry Debtors Loans and Advances
  • 39. Shree Renuka Sugars Ltd. Net Working Capital (In Crore Rs.) 3500 3000 2,805.51 2,381.84 2500 1,986.93 1,987.50 2000 3,332.65 1500 1000 1,982.49 533.64 500 335.25 943.94 127.46 217.53 0 Mar '08 Mar '09 Mar '10 Mar '11 Total Current Assets 1,177.37 Mar '12 Total Current Liabilities Mar '13
  • 40. Balrampur Chini Mills Ltd. Net Working Capital (In Crore Rs.) 3,000.00 2,488.45 2,419.47 2,500.00 2,030.17 2,000.00 1,500.00 1,000.00 796.78 876.61 704.89 500.00 450.34 0.00 Mar '08 767.59 249.38 Mar '09 257.58 Mar '10 Total Current Assets 898.96 262.50 Mar '11 Mar '12 Total Current Liabilities Mar '13
  • 41. Dhampur Sugar Mills Ltd. Net Working Capital (In Crore Rs.) 1,800.00 1,527.68 1,600.00 1,400.00 1,200.00 1,003.54 1,000.00 863.23 800.00 640.28 600.00 470.49 400.00 348.45 200.00 284.43 0.00 Mar '08 454.20 499.19 543.78 701.51 147.60 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
  • 42. Andhra Sugars Ltd. Net Working Capital (In Crore Rs.) 600.00 523.77 520.17 500.00 400.00 385.32 412.30 358.58 292.38 300.00 200.00 100.00 211.37 203.40 186.68 151.46 187.93 185.50 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
  • 44. Current Ratio 1.60 1.40 1.20 1.00 1.08 1.02 0.89 1.01 0.96 0.89 1.19 1.09 0.95 1.27 1.02 1.01 0.96 1.11 0.94 0.89 0.93 0.89 0.80 0.60 1.11 1.01 0.40 1.14 1.05 1.40 1.32 1.05 1.02 0.98 0.72 0.95 0.65 0.20 0.00 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Lrd. Dhampur Sugar Mills Ltd. Industry Average Mar '11 Mar '12 Balrampur Chini Mills Ltd. Andhra Sugars Ltd. Mar '13
  • 45. Debt-Equity Ratio 3.00 2.50 2.50 1.87 2.00 1.50 1.61 1.51 1.28 1.14 1.11 1.00 1.84 0.50 1.90 1.75 1.69 1.40 1.04 1.19 1.06 0.74 1.20 1.06 1.48 1.62 1.12 1.94 0.67 1.70 0.71 1.59 1.47 0.56 1.21 0.99 0.00 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Industry Average Mar '11 Mar '12 Balrampur Chini Mills Ltd. Andhra Sugars Ltd. Mar '13
  • 46. Long Term Debt-Equity Ratio 1.60 1.33 1.40 1.20 1.00 0.80 0.60 0.40 1.30 1.08 0.93 0.89 1.37 0.62 0.92 0.97 0.84 0.81 1.26 0.59 1.14 0.85 0.67 0.53 0.95 0.90 0.20 0.41 0.96 0.75 0.54 0.62 0.61 1.10 0.32 0.27 0.34 0.28 Mar '12 Mar '13 0.00 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Industry Average Mar '11 Balrampur Chini Mills Ltd. Andhra Sugars Ltd.
  • 47. Interest Coverage Ratio 8 7.80 7.54 7 5.62 6 5 4 3 3.11 5.34 2.20 2.15 2 1 0 0.62 0.44 Mar '08 3.76 3.53 7.80 3.62 3.21 2.92 2.29 2.681.16 2.21 Mar '09 1.75 3.46 3.30 Mar '10 Shree Renuka Sugas Ltd. Dhampur Sugar Mills Ltd. Industry Average 1.08 2.52 Mar '11 1.46 1.61 1.05 1.35 2.46 1.21 Mar '12 Balrampur Chini Mills Ltd. Andhra Suhars Ltd. Mar '13
  • 49. Inventory Turnover Ratio 14.00 No. of times 12.00 10.00 8.00 6.00 4.00 2.00 0.00 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Mar '11 Mar '12 Mar '13 Balrampur Chini Mills Ltd. JSW Steel Ltd.
  • 50. Debtor Payment Cycle 50 45 In no. of days 40 35 30 25 20 15 10 5 0 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Mar '11 Mar '12 Mar '13 Balrampur Chini Mills Ltd. Andhra Sugars Ltd.
  • 51. Creditor Payment Cycle 140 In no. of days 120 100 80 60 40 20 0 Mar '08 Mar '09 Mar '10 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Mar '11 Mar '12 Mar '13 Balrampur Chini Mills Ltd. Andhra Sugars Ltd.
  • 52. Gross Profit Ratio 30.00 In %age 25.00 20.00 15.00 10.00 5.00 0.00 -5.00 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 -10.00 Shree Renuka Sugars Ltd. Dhampur Sugar Mills Ltd. Balrampur Chini Mills Ltd. Andhra Sugars Ltd.
  • 54. Return on Capital Employed (%) 25 20 15.60 10.29 10 0 -5 12.30 11.70 7.32 4.8413.98 9.88 11.13 15.82 14.62 11.98 10.63 21.26 6.91 9.12 0.00 Mar '08 -3.23 Mar '09 18.73 15.34 15 5 20.02 19.80 Mar '10 Shree Renuka sugars Ltd. Dhampur Sugar Mills Ltd. Industry Average Mar '11 10.63 9.50 8.24 4.75 11.79 8.81 11.23 8.40 Mar '12 Balrampur Chini Mills Ltd. Andhra Sugars Ltd. Mar '13
  • 55. Return on Net Worth (%) 30 25 20 14.48 11.61 15 10 18.44 9.03 16.53 5.14 3.23 10.28 5 0.00 0 Mar '08 Mar '09 -5 21.61 18.98 16.67 12.03 20.60 15.07 17.26 26.94 11.58 9.36 8.90 1.11 Mar '10 Mar '11 8.18 5.78 4.81 0.53 9.35 4.50 12.75 2.90 Mar '12 -10 -15 -14.56 -20 Shree Renuka sugars Ltd. Dhampur Sugar Mills Ltd. Industry Average Balrampur Chini Mills Ltd. Andhra Sugars Ltd. Mar '13
  • 56. SUMMARY  Indian sugar industry is still operating at 10.11% sugar recovery rate. In future, the sugar import is expected to decrease.  Sugar production in India typically follows a 5-6 years cycle wherein 2-3 years of higher production are followed by 2-3 years of lower production.  Indian sugar industry also produce a number of by products such as bagasse and molasses. They are further used in power generation and alcohol production.  Sugar industry in India is highly controlled by both central and state governments. Recently it is deregulated to certain extent which is believed to boost the profits.
  • 57. SUMMARY Company Operating Management Financial Management Shree Renuka Sugars Ltd. Strong Weak Balrampur Chini Mills Ltd. Moderate Moderate Dhampur Sugar Mills Ltd. Moderate Weak Weak Strong Andhra Sugars Ltd.
  • 58. AUTOMOBILE INDUSTRY  Mahindra & Mahindra Ltd.  Maruti Suzuki India Ltd.  Tata Motors Ltd.  Hyundai Motor India Ltd.
  • 59. INTRODUCTION  The automotive industry is one of the key drivers of India’s economy, accounting for around 7% of India’s GDP and over 200,000 jobs, as per KPMG. It is growing at the 15% rate.  The automobile market of India is the seventh largest in the world annually producing 17.5 million vehicles, out of which approximately 2.3 million automobiles are exported.  Of the total market size, two and three wheeler vehicles occupy around 80%. Rest is divided between Passenger Vehicles (16%) and Commercial Vehicles (4%).
  • 61. Mahindra & Mahindra Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 694.15 1,396.05 1,271.94 1,402.29 1,856.42 1,153.25 861.23 614.64 1,574.43 1,743.23 1,004.88 1,188.43 1,781.41 1,260.31 1,928.53 2,208.35 1,043.65 1,258.08 1,084.11 Mar '08 1,060.67 1,188.78 Mar '09 Inventories Cash and Bank Mar '10 1,694.21 2,358.39 2,419.77 Mar '11 Mar '12 Sundry Debtors Loans and Advances Mar '13
  • 62. Maruti Suzuki India Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 876.60 1073.90 1730.90 2508.50 655.50 1655.60 1655.50 330.50 1939.00 1154.70 2436.10 775.00 98.20 1423.70 809.90 824.50 937.60 1208.80 1415.00 1796.50 1840.70 Mar '10 Mar '11 Mar '12 Mar '13 937.80 1038.00 902.30 Mar '08 Mar '09 Inventories Cash and Bank Sundry Debtors Loans and Advances
  • 63. Tata Motors Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1962.47 4410.38 1985.15 2428.92 1840.96 4425.84 4963.10 1636.35 462.86 1818.04 1753.26 2397.31 1141.82 1130.73 1205.52 2391.92 2421.83 2229.81 2935.59 Mar '08 Mar '09 Mar '10 Inventories Cash and Bank 2602.88 2708.32 3891.39 4588.23 Mar '11 Mar '12 Sundry Debtors Loans and Advances 4455.03 Mar '13
  • 64. Hyundai Motor India Ltd. Current Asset Analysis (In Crore Rs.) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 862.67 1141.31 1179.78 661.60 561.94 1550.80 1947.98 1811.27 1906.00 815.30 1287.99 928.38 1264.66 1203.73 1586.54 Mar '11 Mar '12 Mar '13 450.42 240.29 431.06 1280.59 Mar '08 842.99 1532.24 Mar '09 Inventories Cash and Bank 1915.04 2064.80 2126.47 Mar '10 Sundry Debtors Loans and Advances
  • 66. Mahindra & Mahindra Ltd. Net Working Capital (In Crore Rs.) 9,000.00 7,681.47 8,000.00 6,871.40 7,000.00 6,046.51 6,000.00 5,081.04 5,000.00 4,722.41 4,000.00 3,644.37 3,000.00 2,000.00 4,797.76 5,200.00 5,858.91 6,919.12 7,834.24 3,240.01 1,000.00 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
  • 67. Maruti Suzuki India Ltd. Net Working Capital (In Crore Rs.) 7,000.00 6,324.90 6,000.00 5,695.00 5,624.60 5,510.00 5,000.00 3,772.40 4,000.00 3,097.90 3,000.00 5,309.70 2,000.00 1,000.00 2,825.70 5,981.70 3,416.50 3,567.80 3,848.50 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
  • 68. Tata Motors Ltd. Net Working Capital (In Crore Rs.) 20,000.00 18,000.00 16,000.00 14,000.00 11,506.61 10,885.66 11,122.66 12,000.00 10,360.25 9,540.25 10,000.00 8,372.28 17,372.59 8,000.00 14,262.10 12,688.96 12,357.44 6,000.00 10,633.10 10,841.04 4,000.00 2,000.00 0.00 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 Total Current Assets Total Current Liabilities
  • 69. Hyundai Motor India Ltd. Net Working Capital (In Crore Rs.) 7,000.00 6,368.90 5,744.76 6,000.00 4,959.66 5,000.00 4,000.00 5,381.10 3,899.50 3,239.93 3,000.00 2,000.00 1,000.00 3,776.20 3,208.55 3,516.18 2,748.38 2,248.35 2,263.71 0.00 Mar '08 Mar '09 Mar '10 Total Current Assets Mar '11 Mar '12 Total Current Liabilities Mar '13
  • 71. Current Ratio 1.60 1.48 1.36 1.40 1.20 1.00 1.19 1.14 0.99 0.97 1.16 0.99 0.86 0.80 0.60 1.05 1.08 1.45 1.42 0.92 1.01 0.96 0.82 1.13 0.63 1.22 0.52 1.19 0.51 1.13 0.50 1.08 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 0.40 0.88 0.91 0.44 0.85 0.20 0.00 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Maruti Suzuki India Ltd. Hyundai Motor India Ltd. Mar '13
  • 72. Debt-Equity Ratio 1.40 1.20 1.10 1.20 1.00 0.80 1.02 0.93 0.97 0.90 0.70 0.69 0.73 0.66 0.60 0.54 0.53 0.47 0.81 0.66 0.62 0.57 0.53 0.40 0.85 0.45 0.45 0.29 0.27 0.26 0.20 0.00 0.10 0.09 0.07 0.04 0.05 0.08 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
  • 73. Long Term Debt-Equity Ratio 1.20 1.02 1.00 0.82 0.80 0.67 0.60 0.51 0.53 0.41 0.38 0.40 0.66 0.51 0.48 0.52 0.43 0.51 0.60 0.48 0.29 0.58 0.47 0.43 0.40 0.31 0.24 0.24 0.28 0.20 0.00 0.07 0.06 0.05 0.02 0.00 0.01 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
  • 74. Interest Coverage Ratio 140.00 120.00 100.00 80.00 125.35 49.55 46.08 108.24 33.08 40.00 28.97 23.1627.71 24.26 22.29 19.15 14.79 13.69 13.53 20.00 43.00 8.96 5.47 29.9111.50 2.56 6.82 35.74 6.23 2.59 2.56 2.35 1.67 1.40 14.77 0.00 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 60.00 51.84 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
  • 76. Inventory Turnover Ratio 35.00 No. of times 30.00 25.00 20.00 15.00 10.00 5.00 0.00 Mar '08 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 Mar '12 Mar '13 Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
  • 77. Debtor Payment Cycle 25.00 In no. of days 20.00 15.00 10.00 5.00 0.00 Mar '08 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 Mar '12 Mar '13 Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
  • 78. Creditor Payment Cycle 60.00 In no. of days 50.00 40.00 30.00 20.00 10.00 0.00 Mar '08 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 Mar '12 Mar '13 Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
  • 79. Gross Profit Ratio 20.00 In % 18.00 16.00 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 Mar '08 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 Mar '12 Mar '13 Maruti Suzuki India Ltd. Hyundai Motor India Ltd.
  • 81. Return on Capital Employed (%) 35 31.95 30.06 30.51 30 25 23.53 21.47 20.86 23.15 20.29 18.37 15.76 14.83 15 11.34 7.87 21.28 5 26.27 25.44 20 10 29.92 6.88 20.55 19.66 16.69 16.56 15.16 12.69 10.33 7.94 11.20 10.09 8.06 5.14 0 Mar '08 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 Mar '12 Maruti Suzuki India Ltd. Hyundai Motor India Ltd. Mar '13
  • 82. Return on Net Worth (%) 35 31.96 29.39 30 25 24.05 22.76 22.67 20.40 18.10 20 15 10 12.08 11.04 8.63 23.91 5 25.71 23.58 25.08 21.99 18.32 17.81 17.36 11.85 6.43 11.32 10.37 5.34 16.52 Mar '09 Mar '10 Mahindra & Mahindra Ltd. Tata Motors Ltd. Industry Average Mar '11 15.41 12.48 10.06 8.32 0 Mar '08 20.53 Mar '12 Maruti Suzuki India Ltd. Hyundai Motor India Ltd. 3.56 Mar '13
  • 83. SUMMARY  Indian still has the lowest passenger car penetration per 1000 population (13-15/1000) among BRIC countries.  As per SIAM estimates, passenger car segment is pegged to grow at a rate of 5-7% while commercial vehicle segment is pegged to grow at 7-9% in 2013-14.  The 165000 Crore large industry (2010 figure) is expected to grow threefold by 2016.  The growth of industry is directly linked with fuel prices, economic growth etc.
  • 84. SUMMARY Company Operating Management Financial Management Mahindra & Mahindra Ltd. Strong Strong Maruti Suzuki India Ltd. Strong Moderate Tata Motors Ltd. Weak Moderate Hyundai Motor India Ltd. Weak Weak

Editor's Notes