Ratio Analysis: Balance Sheet of HPCL
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rajat_singlaRatio Analysis: Balance Sheet of HPCL
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rajat_singlaRATIO ANALYSIS
Balance sheet of HPCL ------------------- in Rs. Cr. -------------------
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09
12 mths 12 mths 12 mths 12 mths 12 mths
Sources Of Funds
Total Share Capital 338.93 338.94 338.95 339.01 339.01
Equity Share Capital 338.93 338.94 338.95 339.01 339.01
Share Application Money 0 0 0 0 0
Preference Share Capital 0 0 0 0 0
Reserves 8,101.92 8,396.80 9,259.70 10,224.28 10,391.62
Revaluation Reserves 0 0 0 0 0
Networth 8,440.85 8,735.74 9,598.65 10,563.29 10,730.63
Secured Loans 319.91 1,486.16 1,005.48 1,118.48 698.49
Unsecured Loans 1,865.44 5,177.67 9,512.05 15,668.22 22,056.68
Total Debt 2,185.35 6,663.83 10,517.53 16,786.70 22,755.17
Total Liabilities 10,626.20 15,399.57 20,116.18 27,349.99 33,485.80
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09
12 mths 12 mths 12 mths 12 mths 12 mths
Application Of Funds
Gross Block 12,393.17 13,479.25 15,638.48 19,570.05 20,208.63
Less: Accum. Depreciation 5,449.53 6,141.85 6,817.64 7,640.77 8,554.08
Net Block 6,943.64 7,337.40 8,820.84 11,929.28 11,654.55
Capital Work in Progress 786.84 2,363.88 4,243.56 3,315.95 5,001.27
Investments 1,756.84 4,027.64 7,127.47 6,837.05 14,196.47
Inventories 5,682.21 7,810.29 8,098.40 12,020.28 8,793.24
Sundry Debtors 1,048.61 1,392.26 1,577.78 1,710.67 2,240.91
Cash and Bank Balance 198.61 39.48 83.55 290.47 604.43
Total Current Assets 6,929.43 9,242.03 9,759.73 14,021.42 11,638.58
Loans and Advances 2,643.91 1,844.64 1,826.96 5,470.43 4,620.23
Fixed Deposits 3.02 3.11 3.24 3.54 3.88
Total CA, Loans & Advances 9,576.36 11,089.78 11,589.93 19,495.39 16,262.69
Deffered Credit 0 0 0 0 0
Current Liabilities 7,622.46 8,855.99 10,437.90 13,670.11 12,411.59
Provisions 815.02 563.14 1,227.72 557.57 1,217.59
Total CL & Provisions 8,437.48 9,419.13 11,665.62 14,227.68 13,629.18
Net Current Assets 1,138.88 1,670.65 -75.69 5,267.71 2,633.51
Miscellaneous Expenses 0 0 0 0 0
Total Assets 10,626.20 15,399.57 20,116.18 27,349.99 33,485.80
Contingent Liabilities 3,481.65 6,768.48 7,176.59 6,450.22 5,588.88
Book Value (Rs) 248.75 257.44 282.87 311.3 316.23
LIQUIDITY RATIO
current ratio 0.909081 1.043591 0.935028 1.025699 0.937719
quick ratio 0.163624 0.161669 0.159163 0.146388 0.229249
Debt equity ratio 0.258902 0.762824 1.09573 1.589155 2.120581
DEBT COVERAGE RATIO
Interest cover 20.94388 2.787651 5.619294 2.428818 1.346567
MANAGEMENT EFFICIENCY RATIO
Inventory turnover ratio 11.55905 9.921521 12.05761 9.325762 14.98909
Debtor turnover ratio 62.63619 55.65768 61.88906 65.52887 58.81657
Fixed asset turnover ratio 7.781317 8.870452 10.17303 10.61206 12.28284
Asset turnover ratio 6.181036 5.031956 4.854168 4.098659 3.936076
PROFITABILITY RATIO
Gross profit margin(%) 3.638834 1.467648 3.174414 2.479994 2.873774
Net profit margin(%) 1.94475 0.523461 1.609025 1.012397 0.436243
Return on net worth(%) 15.13272 4.643339 16.36866 10.74362 5.358306
EPS (earning per share) 37.64271 11.95385 46.30212 33.44473 16.94457
------------
------- in
Profit & Loss Rs. Cr.
------------
account of HPCL -------
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09
12 mths 12 mths 12 mths 12 mths 12 mths
Income
Sales Turnover 65,680.93 77,489.96 97,647.32 112,098.27 131,802.65
Excise Duty 5,516.38 6,059.34 7,922.29 7,785.28 6,867.82
Net Sales 60,164.55 71,430.62 89,725.03 104,312.99 124,934.83
Other Income 279.19 319.95 572.71 928.76 486.62
Stock Adjustments 34.87 1,408.96 243.55 2,355.87 -1,836.78
Total Income 60,478.61 73,159.53 90,541.29 107,597.62 123,584.67
Expenditure
Raw Materials 54,414.42 67,942.13 82,875.69 100,436.36 114,637.24
Power & Fuel Cost 12.77 18.67 13.94 17.01 19.02
Employee Cost 671.64 690.77 729.42 867.66 1,137.19
Other Manufacturing Expenses 234.28 290.26 261.34 299.27 416.21
Selling and Admin Expenses 2,469.68 2,696.69 3,162.29 2,739.78 3,091.99
Miscellaneous Expenses 285.8 383.73 398.88 457.51 495.31
Preoperative Exp Capitalised 0 0 0 0 0
Total Expenses 58,088.59 72,022.25 87,441.56 104,817.59 119,796.96
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09
12 mths 12 mths 12 mths 12 mths 12 mths
Operating Profit 2,110.83 817.33 2,527.02 1,851.27 3,301.09
PBDIT 2,390.02 1,137.28 3,099.73 2,780.03 3,787.71
Interest 82.68 160.82 426.34 794.3 2,084.13
PBDT 2,307.34 976.46 2,673.39 1,985.73 1,703.58
Depreciation 658.38 688.97 704 850.82 981.29
Other Written Off 0 0 0 0 0
Profit Before Tax 1,648.96 287.49 1,969.39 1,134.91 722.29
Extra-ordinary items 147.11 220.05 309.03 386.96 138.68
PBT (Post Extra-ord Items) 1,796.07 507.54 2,278.42 1,521.87 860.97
Tax 510.38 99.52 698.97 382.4 275.92
Reported Net Profit 1,277.33 405.63 1,571.17 1,134.88 574.98
Total Value Addition 3,674.17 4,080.12 4,565.87 4,381.23 5,159.72
Preference Dividend 0 0 0 0 0
Equity Dividend 509 101.8 610.8 101.59 177.78
Corporate Dividend Tax 71.15 14.28 97.75 17.26 30.21
Per share data (annualised)
Shares in issue (lakhs) 3,393.30 3,393.30 3,393.30 3,393.30 3,393.30
Earning Per Share (Rs) 37.64 11.95 46.3 33.44 16.94
Equity Dividend (%) 150 30 180 30 52.5
Book Value (Rs) 248.75 257.44 282.87 311.3 316.23
RATIO ANALYSIS
PROFITABILITY RATIO
Current ratio
Quick ratio
Debt equity ratio
DEBT COVERAGE RATIO
Interest cover
MANAGEMENT EFFICIENCY RATIO
Inventory turnover ratio
Debtor turnover ratio
Fixed asset turnover ratio
Asset turnover ratio
PROFITABILITY RATIO
Gross profit margin(%)
Net profit margin(%)
Return on net worth(%)
EPS (earning per share)
Current ratio has been fluctuating in last 5 years over a very small range.
It can be seen that the quick ratio is very smaller than the current ratio. This shows that inventory levels of HPCL are very h
This ratio has increased 8 times in last 5 years. This shows that debt is increasing and equity is decreasing in the HPCL's cap
This ratio has decreased to a large extent. This means that amount of interest has decreased rapidly.
CIENCY RATIO
This ratio has fluctuated but increased in last 5 years. This shows that inventory conversion period has reduced.
This ratio has decreased a little bit, so it will result in increase in DSO.
It shows the sales on each rupee of fixed assets of a company. It increased from 7.7 to 12.28 which shows that company w
It shows the sales on each rupee of total assets of a company. It has decreased from 6.18 to 3.9 and is bad for the compan
It shows the total profitability of a company without taking into account taxes and depriciation. It has decreased from 3.6%
It shows the net profitability of a company . It has decreased considerably over last 5 years which is not very good for the
It has decreased from 15.13% to 5.35%. This shows sales have decreased over last 5 years.
This ratio has decreased cosiderably from 37.64% to 16.94% over last 5 years. This means that company lesser dividends t
ere very good.