FM Asignment Real

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FINANCIAL MANAGEMENT

ASSIGNMENT

FMCG SECTOR
(DABUR INDIA)

SUBMITTED BY:

1) POOJA TRIPATHI 54
2) POONAM TRIPATHI 55
CAPITAL STRUCTURE

Paid Up
From To Class Of Authorized Issued Paid Up Paid Up
Face
Year Year Share Capital Capital Shares (Nos) Capital
Value
Equity
2008 2009 145.00 86.51 865076249 1 86.51
Share
Equity
2007 2008 145.00 86.40 864022973 1 86.40
Share
Equity
2006 2007 125.00 86.29 862883808 1 86.29
Share

PERCENATAGE SHARE IN CAPITAL STRUCTURE

Balance sheet Mar ' 07 (%)AGE Mar ' 08 (%AGE) Mar ' 09 (%AGE)
Sources of funds
Owner's fund
Equity share capital 86.29 20.412556 86.4 15.85292 86.51 9.86239839
Share application money - - -
Preference share capital - - -
Reserves & surplus 316.9 74.965108 441.92 81.084751 651.69 74.2946065
Loan funds
Secured loans 19.28 4.5608308 16.45 3.0182932 8.26 0.94166467
Unsecured loans 0.26 0.061505 0.24 0.0440359 130.72 14.9024704
Total 422.73 100 545.01 100 877.17 100
TREND ANALYSIS

CHANGE
Balance Mar ' Mar ' Mar ' CHANGE(RS) CHANGE(RS) (%) CHANGE(
sheet 07 08 09 2008 2009 2008 %)2009
Sources of
funds
Owner's fund
Equity share 0.2549542
capital 86.29 86.4 86.51 0.11 0.22 0.127477112 24
Share
application
money - - -
Preference
share capital - - -
Reserves & 105.64531
surplus 316.9 441.92 651.69 125.02 334.79 39.45093089 4
Loan funds
-
- 57.157676
Secured loans 19.28 16.45 8.26 -2.83 -11.02 14.67842324 35
- 50176.923
Unsecured loans 0.26 0.24 130.72 -0.02 130.46 7.692307692 08
107.50124
Total 422.73 545.01 877.17 122.28 454.44 28.92626499 19
SHAREHOLDING PATTERN

Share holding pattern


as on : 31/12/2009 30/09/2009 30/06/2009

Face value 1 1 1
%
No. Of % No. Of Holdin
No. Of %
Shares Holding Shares g Shares Holding
Promoter's holding
Indian Promoters 598180925 69.09 605267473 69.91 610567473 70.55
Foreign Promoters 267000 0.03 267000 0.03 267000 0.03
Sub total 598447925 69.12 605534473 69.94 610834473 70.58
Non promoter's holding
Institutional investors
Banks Fin. Inst. and
Insurance 69547762 8.03 73668111 8.51 77969335 9.01
FII's 115994585 13.4 104368002 12.06 89902268 10.39
Sub total 206047384 23.8 199250083 23.01 193300440 22.33
Other investors
Private Corporate
Bodies 12505508 1.44 8240732 0.95 8369156 0.97
NRI's/OCB's/Foreign
Others 4016133 0.46 4094113 0.47 4198112 0.49
Sub total 16521641 1.91 12334845 1.42 12567268 1.45
General public 44763216 5.17 48644227 5.62 48797520 5.64
Grand total 865780166 100 865763628 100 865499701 100
RATIOS

RATIOS Mar ' 09 Mar ' 08 Mar ' 07

CURRENT RATIO 1.40 0.94 1.05

QUICK RATIO 0.98 0.57 0.63

INVENTORY 10.94 12.52 13.44


TURNOVER RATIO

Total debt/equity 0.18 0.03 0.04

Fixed assets turnover 4.84 4.67 4.50


ratio

Gross profit margin


17.19 17.37 16.19
(%)

Net profit margin (%) 15.44 15.06 14.41

Return on net worth 51.20 61.58 65.75


(%)

Return on long term 55.29 68.93 68.63


funds (%)
Dividend Payout
47.41 47.86 5.24
Ratio
WEIGHTED AVERAGE COST OF CAPITAL (WACC) :
Cost of equity =EPS/MPS

=(4.32/160)*100

=2.7%

Cost of debt=Interest Expenses/Borrowed funds

= (1338/13897)*100

=9.6%

WACC= (Cost of equity*total equity/total capital employed)


+(cost of debt*total debt/total capital)

= (2.7*651.69/877.17) + (9.6*139/877.17)32

=2.006+1.52

=3.526%

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