cross section analysis of company

7/31/2019 cross section analysis of company

1/14

By:

Swapnil W. 956

Gajendra S. 936

Financial Statements of HeroMotors and Bajaj Motors


2/14

Company Profile

Hero Motors Ltd

Industry :Auto Ancillaries - Others

Incorporation Year 1998

Chairman O P Munjal

Managing Director Pankaj Munjal

Company Secretary Mukesh Kumar

Auditor B D Bansal & Co

Registered Office603 International Trade Tower,Nehru Place,New Delhi, 110019, New Delhi

Telephone 91-11-40511600/700

Fax 91-11-26471230

E-mail [email protected] http://www.heromotors.com

Face Value (Rs) 10

BSE Code -

BSE Group -

NSE Code -

Bloomberg -

Reuters -

ISIN Demat -Market Lot -

Listing Not Available

Financial Year End 03

Book Closure Month Sep

AGM Month Sep

Registrar's Name & Address

Alankit Assignments Ltd, 2E/21 Alankit House, AnarkaliMarket, Jhandewalan Extn, New Delhi - 110055.

91-11-42541234/4254191-11-23552001
http://www.heromotors.com/mailto:[email protected]://www.heromotors.com/http://www.heromotors.com/mailto:[email protected]


3/14

Year Mar 11 Mar 10 Mar 09 Mar 08 Mar 07 Mar 06 Mar 05 Mar 04 Mar 03 Mar 02

SOURCES OF FUNDS :

Share Capital + 39.94 39.94 39.94 39.94 39.94 39.94 39.94 39.94 39.94 39.94

Reserves Total + 2,916.12 3,425.08 3,760.81 2,946.30 2,430.12 1,969.39 1,453.44 1,098.87 821.09 645.82

Equity Share Warrants 0 0 0 0 0 0 0 0 0 0

Equity Application Money 0 0 0 0 0 0 0 0 0 0

Total Shareholders Funds 2,956.06 3,465.02 3,800.75 2,986.24 2,470.06 2,009.33 1,493.38 1,138.81 861.03 685.76

Secured Loans + 0 0 0 0 0 0 0 0 0 0

Unsecured Loans + 1,491.16 66.03 78.49 132 165.17 185.78 201.76 174.7 134.28 116.44

Total Debt 1,491.16 66.03 78.49 132 165.17 185.78 201.76 174.7 134.28 116.44

Total Liabilities 4,447.22 3,531.05 3,879.24 3,118.24 2,635.23 2,195.11 1,695.14 1,313.51 995.31 802.2

APPLICATION OF FUNDS :

Gross Block + 5,538.46 2,750.98 2,516.27 1,938.78 1,800.63 1,471.97 1,104.19 916.91 786.29 704.52

Less : Accumulated Depreciation + 1,458.18 1,092.20 942.56 782.52 635.1 522.6 429.71 345.79 278.42 223.47

Less:Impairment of Assets 0 0 0 0 0 0 0 0 0 0

Net Block + 4,080.28 1,658.78 1,573.71 1,156.26 1,165.53 949.37 674.48 571.12 507.87 481.05

Lease Adjustment 0 0 0 0 0 0 0 0 0 0

Capital Work in Progress+ 125.14 48.14 120.54 408.49 189.92 44.19 40.85 17.69 9.19 9.69Investments + 5,128.75 3,925.71 3,368.75 2,566.82 1,973.87 2,061.89 2,026.65 1,565.10 1,193.00 725.77

Current Assets, Loans & Advances

Inventories + 524.93 436.4 326.83 317.1 275.58 226.55 204.26 188.2 200.92 178.36

Sundry Debtors + 130.59 108.39 149.94 297.44 335.25 158.66 89.55 43.8 141.49 99.72

Cash and Bank+ 71.52 1,907.21 219.57 131.09 35.78 158.72 17.6 37.12 24.33 108.96

Loans and Advances + 777.53 430.58 317.15 191.15 266.66 277.31 243.12 239.87 109.77 138.8

Total Current Assets 1,504.57 2,882.58 1,013.49 936.78 913.27 821.24 554.53 508.99 476.51 525.84

Less : Current Liabilities and Provisions

Current Liabilities + 5,063.68 3,805.06 1,525.85 1,324.98 1,041.92 1,072.88 1,015.76 1,003.86 681.52 613.32

Provisions + 1,081.07 1,026.35 526.97 499.76 437.24 489.92 484.71 256.19 434.17 266.39

Total Current Liabilities 6,144.75 4,831.41 2,052.82 1,824.74 1,479.16 1,562.80 1,500.47 1,260.05 1,115.69 879.71

Net Current Assets -4,640.18 -1,948.83 -1,039.33 -887.96 -565.89 -741.56 -945.94 -751.06 -639.18 -353.87

Miscellaneous Expenses not written off + 0 0 0 0 0 0 0 0 0.7 10.22

Deferred Tax Assets 5.95 7.88 8.65 5.22 1.38 1.32 0.63 0.68 0.89 0.81

Deferred Tax Liability 252.72 160.63 153.08 130.59 129.58 120.1 101.53 90.02 77.16 71.47

Net Deferred Tax -246.77 -152.75 -144.43 -125.37 -128.2 -118.78 -100.9 -89.34 -76.27 -70.66

Total Assets 4,447.22 3,531.05 3,879.24 3,118.24 2,635.23 2,195.11 1,695.14 1,313.51 995.31 802.2

Contingent Liabilities+ 30.36 13.72 8.17 0 20.24 6.07 0 0.61 0 8.41


4/14

Year Mar 09(12) Mar 08(18) Sep 06(12) Sep 05(12) Sep 04(18) Mar 03(12)

INCOME :

Sales Turnover + 183.92 259.11 149.04 109.29 171.66 5.42

Excise Duty 19.57 21.40 13.86 9.20 17.51 0.76

Net Sales 164.35 237.71 135.18 100.09 154.15 4.66

Other Income + 17.39 64.82 3.97 3.75 11.78 7.52

Stock Adjustments + -3.53 5.46 0.59 -2.15 -0.35 0.11

Total Income 178.21 307.99 139.74 101.69 165.58 12.29

EXPENDITURE :

Raw Materials + 117.12 175.17 95.92 79.29 122.24 4.30

Power & Fuel Cost+ 5.90 11.62 5.10 3.80 4.62 0.47

Employee Cost + 18.93 25.85 11.41 10.98 16.01 2.21

Other Manufacturing Expenses

+

5.98 9.68 4.19 2.71 3.28 0.38

Selling and Administration

Expenses +

8.33 12.11 7.84 12.95 32.78 2.31

Miscellaneous Expenses + 3.34 38.17 4.64 2.89 9.08 1.66

Less: Pre-operative ExpensesCapitalised+

0.00 0.00 0.00 0.00 0.00 0.00

Total Expenditure 159.60 272.60 129.10 112.62 188.01 11.33

Operating Profit 18.61 35.39 10.64 -10.93 -22.43 0.96

Interest + 21.14 16.61 6.17 10.35 16.13 2.14

Gross Profit -2.53 18.78 4.47 -21.28 -38.56 -1.18

Depreciation+ 7.64 15.51 9.88 13.06 17.49 1.16

Profit Before Tax -10.17 3.27 -5.41 -34.34 -56.05 -2.34

Tax+ 0.12 0.41 0.18 0.01 -0.01 4.72

Fringe Benefit tax+ 0.40 0.51 0.29 0.09 0.00 0.00

Deferred Tax+ 0.07 1.03 -6.07 0.00 0.52 0.00

Reported Net Profit -10.76 1.32 0.19 -34.44 -56.56 -7.06

Extraordinary Items + 10.14 28.16 0.28 0.12 -0.02 0.23

Adjusted Net Profit -20.90 -26.84 -0.09 -34.56 -56.54 -7.29

Adjst. below Net Profit + 0.00 0.00 102.60 0.00 -0.82 5.25

P & L Balance brought forward 0.51 0.19 -102.60 -68.16 -10.78 0.70

Statutory Appropriations + 0.00 0.00 0.00 0.00 0.00 0.00

Appropriations + 5.41 1.00 0.00 0.00 0.00 0.00P & L Balance carried down -15.66 0.51 0.19 -102.60 -68.16 -1.11


5/14

Year Mar 09 Mar 08 Sep 06 Sep 05 Sep 04 Mar 03

Cash profit 0 16.83 9.97 0 3.39 0

Increase in equity 0 22.78 0 1.13 35 24.31

Increase in other networth 0 7.22 223.87 0 0 5.95Increase in loan funds 29.63 12.3 0 39.88 69.58 25.21

Decrease in gross block 0 45.57 0 0 0 0

Decrease in investments 0 0 0 0 0 0

Decrease in working capital 30.17 0 0 0 1.26 0

Others 0 0 0 0 54.14 0

Total Inflow 59.8 104.7 233.84 41.01 163.37 55.47

Application of funds

Cash loss 3.69 0 0 21.61 0 2.44

Decrease in networth 0 0 53.1 0 10.49 0

Decrease in loan funds 0 0 42.1 0 0 0

Increase in gross block 41.9 0 77.42 11.97 149.19 40.9

Increase in investments 14.21 72.71 0 0 3 0

Increase in working capital 0 31.99 11.72 7.43 0 7.49

Dividend 0 0 0 0 0 0

Others 0 0 49.5 0 0.69 4.64

Total Outflow 59.8 104.7 233.84 41.01 163.37 55.47


6/14

Bajaj Motors LimitedIncorporation Year

Chairman Rahul Bajaj

Managing Director Rajiv Bajaj

Company Secretary J. SrIdhar

Auditor

Registered Office No 39-40 Kilo Meter Stone,

Delhi-Jaipur Highwy Narsingpur,

Gurgaon, 122001, Haryana

Telephone 91-124-6373453

Fax 91-124-6372553

E-mail [email protected]

Website http://www.bajajmotors.com

Face Value (Rs) 10

BSE Code

BSE Group

NSE Code

Bloomberg -

Reuters -

ISIN Demat -

Market Lot -

Listing Not Listed

Financial Year End 08

Book Closure Month

AGM Month

Registrar's Name & Address
mailto:[email protected]://www.bajajmotors.com/http://www.bajajmotors.com/mailto:[email protected]


7/14

Year Mar 06 Mar 05 Mar 04 Mar 02 Mar 01

SOURCES OF FUNDS :

Share Capital + 6.39 6.39 6.39 6.39 1.23

Reserves Total + 53.35 36.74 18.68 7.36 7.27

Equity Share Warrants 0.00 0.00 0.00 0.00 0.00

Equity Application Money 0.00 0.00 0.00 0.00 0.00

Total Shareholders Funds 59.74 43.13 25.07 13.75 8.50

Secured Loans + 25.96 22.79 17.03 12.40 7.09

Unsecured Loans + 2.05 2.61 3.29 4.11 2.35

Total Debt 28.01 25.40 20.32 16.51 9.44

Total Liabilities 87.75 68.53 45.39 30.26 17.94

APPLICATION OF FUNDS

:

Gross Block + 86.84 62.25 44.70 28.19 17.07

Less : Accumulated

Depreciation +

18.06 12.35 16.45 7.16 5.52

Less:Impairment of Assets 0.00 0.00 0.00 0.00 0.00

Net Block + 68.78 49.90 28.25 21.03 11.55

Lease Adjustment 0.00 0.00 0.00 0.00 0.00

Capital Work in Progress+ 0.00 0.00 0.00 0.00 0.00

Investments + 0.00 0.00 0.00 0.00 0.00

Current Assets, Loans &

Advances

Inventories + 21.22 14.70 11.35 6.88 5.31

Sundry Debtors + 11.02 14.01 14.51 6.99 2.76

Cash and Bank+ 4.19 8.13 2.81 0.95 0.89Loans and Advances + 6.40 5.53 3.04 2.78 2.42

Total Current Assets 42.83 42.37 31.71 17.60 11.38

Less : Current Liabilities and

Provisions

Current Liabilities + 16.59 16.98 12.31 7.65 5.02

Provisions + 0.52 0.36 0.70 0.74 0.00

Total Current Liabilities 17.11 17.34 13.01 8.39 5.02

Net Current Assets 25.72 25.03 18.70 9.21 6.36

Miscellaneous Expenses not

written off +

0.03 0.05 0.01 0.02 0.03

Deferred Tax Assets 0.00 0.00 0.00 0.00 0.00

Year Mar 06(12) Mar 05(12) Mar 04(12) Mar 02(12) Mar 01(12)


8/14

Year Mar 06(12) Mar 05(12) Mar 04(12) Mar 02(12) Mar 01(12)

INCOME :

Sales Turnover + 245.77 221.66 183.46 127.51 102.17

Excise Duty 42.26 29.85 24.68 17.52 14.02

Net Sales 203.51 191.81 158.78 109.99 88.15

Other Income + 3.99 9.07 1.16 0.3 0.2

Stock Adjustments + 1.21 0.7 -1.33 1.06 -0.58

Total Income 208.71 201.58 158.61 111.35 87.77

EXPENDITURE :

Raw Materials + 112.26 108 94.7 76.91 61.5

Power & Fuel Cost+ 13.83 9.16 5.59 0.58 0.56

Employee Cost + 5.8 5.11 3.56 1.57 1.29

Other Manufacturing Expenses + 22.84 34.31 25.88 21.46 16.66

Selling and Administration Expenses + 0.65 8.59 6.74 0.2 0.79

Miscellaneous Expenses + 21.16 1.2 1.04 0.9 0.75

Less: Pre-operative Expenses Capitalised+ 0 0 0 0 0

Total Expenditure 176.54 166.37 137.51 101.62 81.55

Operating Profit 32.17 35.21 21.1 9.73 6.22

Interest + 2.1 1.48 1.4 1.01 0.96

Gross Profit 30.07 33.73 19.7 8.72 5.26

Depreciation+ 6.17 4.62 6.65 1.76 3.58

Profit Before Tax 23.9 29.11 13.05 6.96 1.68

Tax+ 6.6 5.81 5 1.62 1.13

Fringe Benefit tax+ 0 0 0 0 0

Deferred Tax+ 0.33 4.88 0 0 0

Reported Net Profit 16.97 18.42 8.05 5.34 0.55

Extraordinary Items + 1.69 -0.05 0.01 0.02 0

Adjusted Net Profit 15.28 18.47 8.04 5.32 0.55

Adjst. below Net Profit + 0 0 0 0 0

P & L Balance brought forward 0 0 0 0 0

Statutory Appropriations + 0 0 0 0 0

Appropriations + 16.97 18.42 8.05 5.34 0.55

P & L Balance carried down 0 0 0 0 0

Dividend 0.32 0.32 0.32 0 0

Preference Dividend 0 0 0 0 0

Equity Dividend % 5 5 5 0 0

Earnings Per Share-Unit Curr 26.49 28.76 12.54 8.36 4.47

Earnings Per Share(Adj)-Unit Curr

Book Value-Unit Curr 93.49 67.5 39.23 21.52 69.11

Y M 06 M 05 M 04 M 02 M 01


9/14

Year Mar 06 Mar 05 Mar 04 Mar 02 Mar 01

Sources of funds

Cash profit 22.68 23.04 24.5 6.98 6.07

Increase in

equity

0 0 6.39 5.16 1.23

Increase in

other networth

0 0 10.95 0 6.72

Increase in loanfunds

2.61 5.08 20.32 7.07 9.44

Decrease in

gross block

0 0 0 0 0

Decrease in

investments

0 0 0 0 0

Decrease in

working capital

0 0 0 0 0

Others 0.02 0 0 0.01 0

Total Inflow 25.31 28.12 62.16 19.22 23.46

Application of funds

Cash loss 0 0 0 0 0

Decrease in

networth

0.04 0.04 0 5.25 0

Decrease in

loan funds

0 0 0 0 0

Increase in

gross block

24.59 26.27 44.7 11.12 17.07

Increase in

investments

0 0 0 0 0

Increase in

working capital

0.36 1.45 17.13 2.85 6.36

Dividend 0.32 0.32 0.32 0 0

Others 0 0.04 0.01 0 0.03

Total Outflow 25.31 28.12 62.16 19.22 23.46


10/14

CROSS ANALYSIS


11/14

Current AssetsHero Motors 1,504.57 2,882.58 1,013.49 936.78 913.27

Bajaj Motors 42.83 42.37 31.71 17.6 11.38

0

500

1000

1500

2000

2500

3000

3500

1 2 3 4 5

Current Assets

Hero Motors

Bajaj Motors


12/14


13/14

Net Profit

HERO 1,927.90 2,231.83 1,281.76 967.88 857.89

BAJAJ 16.97 18.42 8.05 5.34 0.55

0.00

500.00

1,000.00

1,500.00

2,000.00

2,500.00

1 2 3 4 5

Hero

Bajaj


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THANK YOU

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cross section analysis of company