Finances of Large Public Limited Companies, 1997-98 (Part 4 of 5) - RBI - Reserve Bank of India
Finances of Large Public Limited Companies, 1997-98 (Part 4 of 5)
Table 11 : Selected Financial Ratios of the Selected 807 Large Public Limited Companies Industry-Wise, 1995-96 to 1997-98 (Part 1 of 2)
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(Per cent) |
|
Tea |
Sugar |
Cotton/blended Textiles |
Silk and rayon Textiles |
|||||||||||
(11) |
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(18) |
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(63) |
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(26) |
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ITEM |
95-96 |
96-97 |
97-98 |
95-96 |
96-97 |
97-98 |
95-96 |
96-97 |
97-98 |
95-96 |
96-97 |
97-98 |
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|
|
1 |
|
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
A. |
CAPITAL STRUCTURE RATIOS |
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1. |
Net fixed assets to total net |
|||||||||||||
assets |
51.7 |
50.0 |
49.0 |
42.7 |
43.5 |
43.5 |
37.7 |
38.9 |
39.5 |
58.4 |
56.4 |
61.8 |
||
2. |
Net worth to total net assets |
62.7 |
60.3 |
62.5 |
29.0 |
26.7 |
27.7 |
37.6 |
37.3 |
35.1 |
52.3 |
40.8 |
44.9 |
|
3. |
Debt to equity |
15.2 |
22.1 |
22.3 |
86.0 |
98.2 |
95.0 |
71.9 |
72.0 |
78.5 |
52.8 |
67.5 |
42.1 |
|
4. |
Debt-equity (adj. for revaluation |
|||||||||||||
reserves) |
15.2 |
22.1 |
22.2 |
86.2 |
99.4 |
95.1 |
71.9 |
72.0 |
78.7 |
52.8 |
67.5 |
49.6 |
||
5. |
Short term bank borrowing to |
|||||||||||||
inventory |
131.8 |
115.5 |
62.5 |
65.0 |
64.9 |
67.9 |
80.3 |
69.3 |
74.1 |
79.3 |
71.6 |
40.3 |
||
6. |
Outside liabilities to net worth |
59.5 |
65.8 |
60.0 |
245.3 |
275.2 |
261.5 |
166.2 |
168.2 |
184.6 |
91.3 |
145.3 |
122.8 |
|
B. |
LIQUIDITY RATIOS |
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1. |
Current assets to current |
|||||||||||||
liabilities* |
1.4 |
1.4 |
1.7 |
1.2 |
1.1 |
1.1 |
1.5 |
1.4 |
1.3 |
1.6 |
0.9 |
0.7 |
||
2. |
Quick assets to current |
|||||||||||||
liabilities |
55.2 |
45.4 |
64.6 |
11.8 |
10.0 |
8.3 |
57.8 |
50.9 |
46.3 |
77.2 |
35.8 |
38.2 |
||
3. |
Current assets to total |
|||||||||||||
net assets |
40.0 |
37.3 |
40.9 |
53.9 |
52.7 |
52.6 |
51.3 |
49.6 |
49.3 |
32.2 |
27.0 |
25.3 |
||
4. |
Sundry creditors to |
|||||||||||||
current assets |
20.1 |
19.9 |
18.9 |
26.3 |
28.5 |
22.9 |
17.7 |
22.3 |
20.1 |
27.0 |
41.8 |
46.1 |
||
5. |
Sundry creditors to |
|||||||||||||
net working capital |
65.7 |
67.8 |
44.8 |
178.5 |
262.7 |
178.7 |
56.4 |
79.9 |
81.9 |
71.7 |
$$ |
$$ |
||
C. |
ASSETS UTILIZATION |
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AND TURNOVER RATIOS |
||||||||||||||
1. |
Sales to total net assets |
59.0 |
64.4 |
75.9 |
63.4 |
57.5 |
63.6 |
81.3 |
80.6 |
76.8 |
47.3 |
42.2 |
49.1 |
|
2. |
Sales to gross fixed assets |
87.8 |
97.0 |
115.5 |
115.3 |
102.5 |
109.9 |
143.8 |
132.1 |
120.3 |
65.9 |
57.4 |
60.3 |
|
3. |
Inventories to sales |
15.1 |
15.1 |
12.1 |
62.5 |
68.9 |
62.7 |
27.0 |
25.3 |
28.6 |
15.2 |
16.6 |
13.7 |
|
4. |
Sundry debtors to sales |
12.0 |
12.4 |
7.4 |
3.9 |
4.5 |
3.0 |
15.8 |
14.5 |
16.4 |
10.7 |
11.5 |
8.5 |
|
5. |
Exports to sales |
17.7 |
23.6 |
23.9 |
0.6 |
0.8 |
0.5 |
21.6 |
26.5 |
24.6 |
5.2 |
6.0 |
6.1 |
|
6. |
Gross value added to |
|||||||||||||
gross fixed assets |
38.8 |
42.1 |
52.3 |
25.7 |
23.4 |
31.3 |
30.3 |
27.4 |
25.9 |
16.9 |
13.8 |
14.4 |
||
7. |
Raw material consumed to |
|||||||||||||
value of production |
15.4 |
21.7 |
17.0 |
66.0 |
63.9 |
59.0 |
58.8 |
55.3 |
54.7 |
34.3 |
59.0 |
61.1 |
||
D. |
PROFITABILITY RATIOS |
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1. |
Gross profits to total net assets |
8.2 |
9.8 |
15.9 |
7.6 |
6.5 |
11.0 |
8.7 |
7.3 |
6.0 |
8.9 |
6.5 |
8.0 |
|
2. |
Gross profits to sales |
13.9 |
15.2 |
20.9 |
12.0 |
11.3 |
17.3 |
10.7 |
9.0 |
7.8 |
18.8 |
15.4 |
16.3 |
|
3. |
Profits after tax to net worth |
5.7 |
6.7 |
15.0 |
10.0 |
0.1 |
6.9 |
9.1 |
2.9 |
0.9 |
14.5 |
11.2 |
9.7 |
|
4. |
Tax provision to profits before tax |
40.0 |
39.9 |
34.1 |
6.1 |
92.2 |
14.7 |
3.8 |
31.5 |
63.1 |
0.1 |
5.1 |
10.0 |
|
5. |
Profits retained to profits after tax |
29.0 |
40.5 |
61.5 |
67.9 |
$$ |
57.4 |
62.6 |
23.7 |
$$ |
75.4 |
71.0 |
71.7 |
|
6. |
Dividends to net worth |
4.0 |
4.0 |
5.8 |
3.2 |
2.5 |
3.0 |
3.4 |
2.2 |
2.1 |
3.6 |
3.2 |
2.7 |
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7. |
Dividends to ordinary Paid-up |
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capital |
40.5 |
40.7 |
64.4 |
19.0 |
12.7 |
16.5 |
23.0 |
15.0 |
13.3 |
38.2 |
33.0 |
24.8 |
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(Per cent) |
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Engineering |
Motor vehicle |
Electrical |
Machinery other than |
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Machinery |
transport & electrical |
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|
(265) |
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(44) |
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(77) |
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(66) |
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ITEM |
95-96 |
96-97 |
97-98 |
95-96 |
96-97 |
97-98 |
95-96 |
96-97 |
97-98 |
95-96 |
96-97 |
97-98 |
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|
|
1 |
|
14 |
15 |
16 |
17 |
18 |
19 |
20 |
21 |
22 |
23 |
24 |
25 |
A. |
CAPITAL STRUCTURE RATIOS |
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1. |
Net fixed assets to total net |
|||||||||||||
assets |
32.8 |
37.6 |
42.3 |
31.1 |
37.2 |
41.2 |
25.0 |
26.8 |
27.9 |
29.1 |
30.3 |
31.8 |
||
2. |
Net worth to total net assets |
37.3 |
36.3 |
35.7 |
42.5 |
40.5 |
41.2 |
34.9 |
33.5 |
33.7 |
39.1 |
41.3 |
43.5 |
|
3. |
Debt to equity |
48.5 |
56.6 |
64.3 |
28.9 |
38.1 |
41.9 |
40.6 |
50.7 |
44.0 |
31.0 |
28.7 |
28.9 |
|
4. |
Debt-equity (adj. for revaluation |
|||||||||||||
reserves) |
48.7 |
57.5 |
64.6 |
28.9 |
38.1 |
41.9 |
40.6 |
51.6 |
44.6 |
31.5 |
28.7 |
29.5 |
||
5. |
Short term bank borrowing to |
|||||||||||||
inventory |
54.0 |
59.5 |
64.6 |
51.6 |
52.4 |
58.4 |
62.2 |
65.5 |
74.4 |
40.3 |
46.0 |
42.3 |
||
6. |
Outside liabilities to net worth |
168.2 |
175.3 |
180.0 |
135.3 |
146.8 |
142.6 |
186.6 |
198.8 |
197.0 |
155.7 |
141.9 |
129.8 |
|
B. |
LIQUIDITY RATIOS |
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1. |
Current assets to current |
|||||||||||||
liabilities* |
1.4 |
1.3 |
1.2 |
1.4 |
1.2 |
1.1 |
1.4 |
1.4 |
1.3 |
1.4 |
1.4 |
1.4 |
||
2. |
Quick assets to current |
|||||||||||||
liabilities |
58.0 |
61.1 |
57.9 |
49.9 |
60.1 |
53.9 |
72.2 |
75.3 |
73.5 |
65.8 |
64.9 |
71.9 |
||
3. |
Current assets to total |
|||||||||||||
net assets |
61.6 |
54.7 |
50.3 |
61.1 |
52.1 |
47.1 |
70.3 |
68.2 |
66.7 |
67.3 |
64.6 |
63.5 |
||
4. |
Sundry creditors to |
|||||||||||||
current assets |
29.0 |
29.1 |
30.2 |
27.8 |
26.4 |
26.7 |
31.3 |
32.8 |
32.7 |
28.9 |
29.7 |
29.2 |
||
5. |
Sundry creditors to |
|||||||||||||
net working capital |
104.0 |
135.7 |
165.4 |
106.9 |
169.7 |
219.0 |
110.1 |
116.6 |
137.2 |
103.4 |
106.6 |
94.1 |
||
C. |
ASSETS UTILIZATION |
|||||||||||||
AND TURNOVER RATIOS |
||||||||||||||
1. |
Sales to total net assets |
98.0 |
89.4 |
77.5 |
112.2 |
95.0 |
79.4 |
101.0 |
96.4 |
92.0 |
104.1 |
110.5 |
99.8 |
|
2. |
Sales to gross fixed assets |
194.6 |
165.0 |
129.7 |
215.1 |
173.4 |
131.6 |
251.1 |
225.7 |
204.2 |
214.0 |
216.6 |
187.8 |
|
3. |
Inventories to sales |
20.9 |
19.5 |
19.9 |
17.5 |
17.0 |
17.8 |
22.6 |
21.6 |
20.3 |
22.7 |
20.4 |
21.7 |
|
4. |
Sundry debtors to sales |
19.4 |
23.5 |
23.6 |
13.4 |
21.2 |
20.6 |
29.6 |
33.9 |
32.6 |
20.5 |
20.8 |
23.8 |
|
5. |
Exports to sales |
7.5 |
6.7 |
7.5 |
7.2 |
6.1 |
6.9 |
4.1 |
4.4 |
5.2 |
8.2 |
8.3 |
7.7 |
|
6. |
Gross value added to |
|||||||||||||
gross fixed assets |
44.6 |
38.0 |
29.2 |
52.2 |
42.2 |
32.2 |
52.2 |
48.5 |
39.9 |
50.3 |
53.3 |
46.6 |
||
7. |
Raw material consumed to |
|||||||||||||
value of production |
59.6 |
59.0 |
58.2 |
61.5 |
61.1 |
59.1 |
63.2 |
60.8 |
60.1 |
55.2 |
55.7 |
56.3 |
||
D. |
PROFITABILITY RATIOS |
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1. |
Gross profits to total net assets |
12.6 |
11.1 |
7.9 |
16.1 |
13.6 |
9.6 |
10.1 |
9.2 |
5.9 |
12.5 |
14.2 |
11.8 |
|
2. |
Gross profits to sales |
12.8 |
12.4 |
10.3 |
14.3 |
14.3 |
12.1 |
10.0 |
9.5 |
6.4 |
12.1 |
12.9 |
11.9 |
|
3. |
Profits after tax to net worth |
17.4 |
13.8 |
8.7 |
21.3 |
18.1 |
11.9 |
11.4 |
7.1 |
2.1 |
16.8 |
17.4 |
15.5 |
|
4. |
Tax provision to profits before tax |
29.1 |
32.9 |
33.7 |
31.2 |
31.1 |
29.1 |
36.2 |
43.3 |
60.2 |
32.5 |
34.3 |
30.6 |
|
5. |
Profits retained to profits after tax |
73.6 |
70.7 |
65.5 |
76.6 |
75.5 |
72.2 |
65.2 |
54.8 |
- 6.7 |
72.0 |
74.2 |
73.2 |
|
6. |
Dividends to net worth |
4.6 |
4.0 |
3.0 |
5.0 |
4.4 |
3.3 |
4.0 |
3.2 |
2.3 |
4.7 |
4.5 |
4.2 |
|
7. |
Dividends to ordinary Paid-up |
|||||||||||||
|
|
|
capital |
25.2 |
23.2 |
18.2 |
38.2 |
32.2 |
25.5 |
15.4 |
12.9 |
9.6 |
25.3 |
26.3 |
27.8 |
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|
(Per cent) |
|
Foundries & engin- |
Ferrous/Non-Ferrous |
Chemicals and |
Medicines and pharma- |
|||||||||||
eering workshops |
Metal products |
chemical products |
ceutical preparations |
|||||||||||
|
|
(41) |
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|
(31) |
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|
(133) |
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|
(25) |
|
|||
|
|
ITEM |
95-96 |
96-97 |
97-98 |
95-96 |
96-97 |
97-98 |
95-96 |
96-97 |
97-98 |
95-96 |
96-97 |
97-98 |
|
|
|
1 |
|
26 |
27 |
28 |
29 |
30 |
31 |
32 |
33 |
34 |
35 |
36 |
37 |
A. |
CAPITAL STRUCTURE RATIOS |
|||||||||||||
1. |
Net fixed assets to total net |
|||||||||||||
assets |
40.0 |
47.6 |
58.5 |
45.4 |
50.2 |
53.3 |
46.4 |
49.6 |
50.5 |
29.1 |
30.2 |
29.9 |
||
2. |
Net worth to total net assets |
29.6 |
26.7 |
22.2 |
32.2 |
31.2 |
29.0 |
41.3 |
42.3 |
41.8 |
49.0 |
54.3 |
52.9 |
|
3. |
Debt to equity |
118.9 |
143.9 |
204.0 |
78.6 |
97.9 |
109.2 |
67.7 |
67.5 |
65.4 |
18.9 |
16.8 |
17.9 |
|
4. |
Debt-equity (adj. for revaluation |
|||||||||||||
reserves) |
120.0 |
157.5 |
204.5 |
78.6 |
101.1 |
109.0 |
68.3 |
70.4 |
65.4 |
18.9 |
16.8 |
17.8 |
||
5. |
Short term bank borrowing to |
|||||||||||||
inventory |
62.3 |
88.5 |
90.3 |
56.0 |
62.0 |
71.2 |
71.4 |
73.0 |
80.8 |
63.4 |
45.0 |
49.1 |
||
6. |
Outside liabilities to net worth |
238.3 |
275.1 |
349.5 |
210.4 |
220.2 |
244.4 |
142.3 |
136.6 |
139.3 |
104.0 |
84.1 |
89.0 |
|
B. |
LIQUIDITY RATIOS |
|||||||||||||
1. |
Current assets to current |
|||||||||||||
liabilities* |
1.6 |
1.3 |
1.2 |
1.2 |
1.2 |
1.1 |
1.6 |
1.6 |
1.4 |
1.5 |
1.7 |
1.6 |
||
2. |
Quick assets to current |
|||||||||||||
liabilities |
54.4 |
44.9 |
39.4 |
52.3 |
52.4 |
48.8 |
63.4 |
60.1 |
52.2 |
57.0 |
64.7 |
60.7 |
||
3. |
Current assets to total |
|||||||||||||
net assets |
54.9 |
45.4 |
38.1 |
52.1 |
47.5 |
44.6 |
47.9 |
45.3 |
42.8 |
61.4 |
63.2 |
60.9 |
||
4. |
Sundry creditors to |
|||||||||||||
current assets |
26.4 |
29.6 |
35.1 |
33.4 |
31.6 |
35.3 |
23.3 |
22.4 |
23.5 |
23.6 |
25.7 |
24.2 |
||
5. |
Sundry creditors to |
|||||||||||||
net working capital |
73.3 |
128.4 |
231.9 |
180.2 |
161.4 |
292.7 |
64.4 |
62.5 |
83.8 |
73.4 |
60.9 |
63.2 |
||
C. |
ASSETS UTILIZATION |
|||||||||||||
AND TURNOVER RATIOS |
||||||||||||||
1. |
Sales to total net assets |
61.2 |
54.2 |
45.2 |
82.3 |
74.8 |
69.2 |
73.0 |
68.9 |
66.7 |
111.4 |
119.4 |
111.9 |
|
2. |
Sales to gross fixed assets |
118.1 |
91.0 |
64.4 |
134.6 |
114.7 |
98.8 |
110.5 |
98.1 |
93.0 |
254.8 |
262.5 |
244.3 |
|
3. |
Inventories to sales |
27.1 |
23.0 |
22.9 |
27.3 |
27.9 |
26.6 |
21.2 |
20.9 |
21.6 |
22.1 |
20.7 |
21.7 |
|
4. |
Sundry debtors to sales |
24.5 |
22.5 |
21.7 |
22.5 |
23.4 |
24.5 |
19.3 |
18.3 |
17.9 |
15.3 |
15.8 |
16.5 |
|
5. |
Exports to sales |
13.1 |
9.9 |
10.4 |
8.1 |
8.8 |
12.6 |
6.8 |
7.0 |
7.3 |
13.5 |
14.0 |
13.8 |
|
6. |
Gross value added to |
|||||||||||||
gross fixed assets |
25.7 |
15.9 |
10.7 |
31.4 |
27.9 |
22.9 |
31.1 |
26.7 |
23.8 |
64.6 |
68.0 |
64.4 |
||
7. |
Raw material consumed to |
|||||||||||||
value of production |
51.9 |
51.9 |
54.7 |
56.2 |
54.6 |
53.7 |
46.4 |
46.2 |
47.2 |
49.7 |
50.3 |
48.9 |
||
D. |
PROFITABILITY RATIOS |
|||||||||||||
1. |
Gross profits to total net assets |
8.8 |
4.9 |
3.5 |
9.6 |
8.5 |
5.8 |
13.9 |
11.7 |
10.3 |
13.3 |
16.5 |
15.5 |
|
2. |
Gross profits to sales |
14.3 |
9.0 |
7.7 |
11.7 |
11.4 |
8.4 |
19.1 |
17.0 |
15.4 |
11.9 |
13.8 |
13.9 |
|
3. |
Profits after tax to net worth |
13.7 |
3.0 |
- 2.8 |
15.3 |
8.7 |
0.6 |
18.8 |
11.9 |
10.8 |
19.5 |
16.5 |
13.9 |
|
4. |
Tax provision to profits before tax |
8.1 |
30.6 |
$$ |
16.6 |
30.6 |
77.4 |
16.2 |
25.6 |
24.5 |
29.2 |
34.7 |
35.3 |
|
5. |
Profits retained to profits after tax |
67.7 |
- 12.7 |
163.8 |
75.0 |
60.7 |
$$ |
68.5 |
58.1 |
60.1 |
53.7 |
70.7 |
67.0 |
|
6. |
Dividends to net worth |
4.4 |
3.4 |
1.8 |
3.8 |
3.4 |
1.9 |
5.9 |
5.0 |
4.3 |
9.0 |
4.8 |
4.6 |
|
7. |
Dividends to ordinary Paid-up |
|||||||||||||
|
|
|
capital |
18.8 |
15.2 |
7.8 |
18.2 |
17.1 |
9.1 |
25.3 |
23.1 |
23.3 |
41.9 |
25.8 |
26.5 |
* |
Item B.1 is the actual ratio of current assets to current liabilities. |
** |
Denominator nil or negligible. |
$$ |
Denominator negative. |
- |
Nil or negligible. |
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