maruti balance sheet analysis

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BALANCE SHEET

ANALYSIS OF

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COMPANY OVERVIEW

Maruti Suzuki India Limited is a subsidiary company of Japanese automaker, Suzuki

Motor Corporation

It has a market share of 44.9% of the Indian passenger car market as of March 2011

The first company in India to mass-produce and sell more than a million cars

In February 2012, the company sold its 10th million vehicle in India

Exports more than 50,000 cars annually

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A/C

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PROFIT & LOSS A/C(INCOME)

PARTICULARS MARCH - 2012 MARCH - 2011 MARCH - 2010

Sales Turnover 39,495.30 40,871.50 31,947.70

Excise Duty3,908.20 4,253.10 2,848.80

Net sales35,587.10 36,618.40 29,098.90

Other Incomes 826.80 508.80 1,024.30

Stock Adjustment 131.20 56.00 193.30

Total Income36,545.10 37,183.20 30,316.50

All figures are in CRORES

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EXPENDITURE

PARTICULARS MARCH 2012 MARCH

2011MARCH 2010

Raw Materials 28,239.50 28,419.90 22,363.50

Power & Fuel Cost 229.50 210.20 216.60

Employee Cost 843.80 703.60 538.00

Other Manufacturing Expenses

181.50 155.00 308.90

Selling and Admin.Expenses

2,906.20 2,963.10 2,120.97

Miscellaneous Expenses

847.50 609.80 317.53

Less: Pre-operative Expenses Capitalised

42.70 25.70 0.00

Raw Materials 28,239.50 28,419.90 22,363.50

Power & Fuel Cost 229.50 210.20 216.60

Total Expenditure 33,205.30 33,035.90 25,865.50

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PROFIT SCENARIO

PARTICULARSMARCH 2012

MARCH 2011

MARCH 2010

Total Expenditure 33,205.30 33,035.90 25,865.50

Operating Profit 3,339.80 4,147.30 4,451.00

Interest 55.20 25.00 33.50

Gross Profit 3,284.60 4,122.30 4,417.50

Depreciation 1,138.40 1,013.50 825.00

Profit Before Tax 2,146.20 3,108.80 3,592.50

Tax 413.80 810.10 1,123.00

Fringe Benefit tax 0.00 0.00 0.00

Deferred Tax 97.20 10.10 -28.10

Reported Net Profit 1,635.20 2,288.60 2,497.60

Extraordinary Items 174.09 36.22 78.98

Adjusted Net Profit 1,461.11 2,252.38 2,418.62

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(SOURCE OF FUNDS)

PARTICULARS MARCH - 12 MARCH - 11 MARCH - 10

Share Capital 144.50 144.50 144.50

Reserve Total 15,042.90 13,723.00 11,690.60

Total Shareholders Fund

15,187.40 13,867.50 11,835.10

Secured Loans 0.00 0.00 26.50

Unsecured Loans

1,236.90 309.20 794.90

Total Debts 1,236.90 309.20 821.40

Total Liabilities 16,424.30 14,176.70 12,656.50

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APPLICATION OF FUNDS

PARTICULARSMARCH-12 MARCH-11 MARCH10

Gross Block14,734.70 11,737.70 10,406.70

Less : Accumulated Depreciation

7,214.00 6,208.30 5,382.00

Less: Impairment of Assets

0.00 0.00 0.00

Net Block7,520.70 5,529.40 5,024.70

Lease Adjustment0.00 0.00 0.00

Capital Work in Progress 611.40 862.50 387.60

Investments6,147.40 5,106.80 7,176.60

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CURRENT ASSETS, LOANS & ADVANCES

Particulars MARCH – 12 MARCH – 11 MARCH – 10

Inventories 1,796.50 1,415.00 1,208.80

Sundry Debtors 937.60 824.50 809.90

Cash & Bank 2,436.10 2,508.50 98.20

Loans & Advances 1,154.70 876.60 1,655.50

Total Current Assets 6,324.90 5,624.60 3,772.40

Current Liabilities 4,780.50 3,462.30 2,936.50

Provision 530.20 386.20 631.30

Total Current Liabilities 5,310.70 3,848.50 3,567.80

Net Current Assets 1,014.20 1,776.10 204.60

Less: Current Liabilities & Provision

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RATIO ANALYSIS

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Current assets, loans and advances + short-term investments Current liabilities + Provisions + Short-term Debt

Year 2012 2011

2010

CURRENT RATIO 1.1 1.1 1.2

2012 2011 20101.04

1.06

1.08

1.1

1.12

1.14

1.16

1.18

1.2

1.22

1.1 1.1

1.2

COMPUTATION =

CURRENT RATIO

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QUICK RATIO

Computation= Current assets, loans and advances – Inventories + short-term investmentsCurrent liabilities + Provisions + Short-term Debt Net of working capital limits

2012 2011 20100

0.51

1.52

2.53

3.54

4.55

YEAR 2012 2011 2010

QUICK RATIO 1.64 1.47 1.22

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Computation = Earnings Before Interest and Taxes (EBIT) Interest Expenses

YEAR2012 2011 2010

INTEREST COVER 35.7 125.4 108.2

2012 2011 20100

20

40

60

80

100

120

140

35.7

125.4

108.2

INTEREST COVER

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Year 2012 2011 2010

ROCE 12.7 23.2 32.0

2012 2011 20100

5

10

15

20

25

30

35

12.7

23.2

32

Net operating profit after TAXCapital Employed

COMPUTATION =

RETURN ON CAPITAL EMPLOYED

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Profit after TAX Weighted number of equity shares

Year 2012 2011 2010

E. P. S. 55.4 78.0 85.4

2012 2011 20100

102030405060708090

55.4

7885.4

EARNING PER SHARE:

Computation =

EARNINGS PER SHARE

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ANALYSIS OF P/L ACCOUNT

Total Income – compared to the base year 2010 we have 22.65% growth in 2011 and 1.72% decline in 2012

Total Expenditure - compared to the base year 2010 we have 27.72% growth in 2011 and .51% growth in 2012

Gross Profit – Compared to the base year 2010 we have 6.68% decline in 2011 and 20.33% decline in 2012

Net profit – compared to the base year 2010 we have 6.87% decline in 2011 and 35.12% decline in 2012

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ANALYSIS ofBALANCE SHEET

ITEMS

BASE YEAR 2010

2011

BASE YEAR2011

2012

TOTAL LIABILITIES

12% 15.86%

INVESTMENT - 28.85% 20.39%

TOTAL CURRENT ASSETS

49% 12.44%

NET CURRENT ASSETS

770.59% - 42.9%

TOTAL CURRENT LIABILITIES

7.88% 37.99%

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2010 2011 2012

Gross Profit 4417.5 4122.3 3284.6 NaN

Net Profit 2418.62 2252.38 1461.11 NaN

Net Current Assests

204.6 1776.1 1014.2 NaN

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( IN

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)SUMMARY

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SOURCES OF DATAS

www.wikipedia.org

www.moneycontrol.com

www.marutisuzuki.com

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