TABLE OF CONTENTS: SERIAL NUMBE R 1
2
PARTICULARS
PAGE NUMBER
CHAPTER-1-INTRODUCTION 1.1
BACKGROUND
3
1.2
RATIONALE
3-4
1.3
BRIEF REVIEW OF LITERATURE
4-
1.4
OBJECTIVES OF THE STUDY
-!
1.
RESEARCH METHODOLOGY
!
1.!
LIMITATION LIMITATION OF THE STUDY
!-"
1."
CHAPTER PLANNING
"-#
CHAPTER-2-CONCEPTUAL FRAMEWORK 2.1
%-11
MEANING OF WORKING CAPITAL
2.2 DEFINITION $ CONCEPT OF WORKING CAPITAL 2.3
WORKING CAPITAL CYCLE
2.4 FACTORS DETERMINING WORKING CAPITAL 2. MANAGEMENT OF WORKING CAPITAL
11-12
2.! NATIONAL NATIONAL $ INTERNA INTERN ATIONAL SCENARIO 3
4
CHAPTER-3- PRESENTATION OF DATA& ANALYSIS $ FINDINGS 3.1
COMPANY PROFILE
3.2
DATA DATA ANALYSI ANALYSIS S $ FINDINGS FIND INGS
CHAPTER-4-CONCLUSION $ RECOMMENDATION
13-4'
41-43
1|Page
BIBLIOGRAPHY
44
CHAPTER-1 INTRODUCTION
2|Page
BIBLIOGRAPHY
44
CHAPTER-1 INTRODUCTION
2|Page
CHAPTER-1: INTRODUCTION BACKGROUND W()*+, C/+0 + 0 5(6,0 (7 76,8 ,9) 7() 0 9(0 (7 (/)0+, 0 ,0)/)+. W()*+, C/+0 +, (+, 9(,9), + );(;+, 76,8& +0 9(,+0 (7 9 )9+;8 7)(5 <+9 ) 68 0( 9(;) 0 9(0 (7 96)),0 96)),0 (/)0+(, (/)0+(,. . T+ 9/+0 9/+0 + ,88 ,88 7() (8+, 96)),0 0 +* 0(9* (7 )< 50)+& 5+ = >,+8 ((8& 99(6,0 )9+;?. B+ )9+;? ,8 9 7() 9))+, (60 @/, +* < < ,8 )+. )+. S(6)9 (7 W()*+, W()*+, 9/+0 ) 9(55)9+ ,8 8;(/5,0 8;(/5,0 ?,*& /6?+9 8/(+0& 8/(+0& /(6+, /(6+, ?9* 6/ /)(>0 /)(>0 ,8 (0) >,,9 9(5/,+. T ) 0 (6)9 (7 ;)+? <()*+, 9/+0 ?60 7() /)5,,0 <()*+, 9/+0 ) 96)8 ()8+,) )& /)7),9 /)7),9 )& )& 8?,06) 8?,06)&& /(6+, /(6+, ?9* (7 /)(>0. /)(>0. A5(6,0 A5(6,0 (7 <()*+, 9/+0 8/,8 6/(, 0 + ,8 9 (7 ?6+, 6,+0 ?60 +0 + 5( 5(0 0 8/, 8/,8 8,0 ,0 6/(, 6/(, 9 9 (7 /)(8 /)(869 690+ 0+(, (, ,8 ,8 (, (, 69060+(,.
W()*+, 9/+0 5,5,0 +, ,) )7) 0( 0 85+,+0)0+(, (7 /90 (7 96)),0 0 +. 9& 5)*0? 96)+0+& 8?0() ,8 0(9* ,8 96)),0 +?++0+. W()*+, 9/+0 5,5,0 /(+9+ ; )0 90 (, >)5 /)(>0?++0& +6+8+0 ,8 +0 0)6906) 0 . O, 0( ,0)/)+ <+9 ; 860 <()*+, 9/+0 9, 6);+; +, 0+5 (7 8/)+(,. E@9+; <()*+, 9/+0 + 6 6,/)(>0?. T @0) <()*+, 9/+0 + ,(0 60++8 +, ?6+, (/)0+(, ,8 ), ,( /)(>0 7() 0 >)5. T ?6,8,9 (7 <()*+, 9/+0 <(68 8 0( <0 ,8 +,9+,9. +,9+,9. S()0 (7 <()*+, 9/+0 76,8 ),8) 0 >)5 6,? 0( ;+ 00)90+; 9)8+0 (//()06,+0+ 09. T >)5 ( +0 )/600+(, <, +0 ?9(5 6,? 0( (,() ()0 0)5 (?+0+(,. A )60 0 >)5 79 0+0 9)8+0 0)5 ,8 0 )(<0 0,0.
3|Page
RATIONALENEEDJUSTIFICATION
1. W()*+, W()*+, C/+0 C/+0 5, 0 9/+0 9/+0 )6+)8 )6+)8 7() 8 0( 8 <()*+, <()*+, (7 0 ?6+, . A906 +0 + 0 9/+0 )6+)8 0( ? +,;08 +, 96)),0 0 96)),0 +?++0+. I0 <+ / 5 +, *,(<+, 0 9(5/(,,0 (7 W()*+, C/+0 +, /)90+9 ,8 ?00) <. <. 2. B+ B+ B6+, B6+, V S5 S5 B6+ B6+, , A ?+ ?+ ?6+, ?6+, )6 )6+) +) 6 6 +,;05,0 +, 0 <()*+, 9/+0 <) 5 ?6+, )6+) 5 +,;05,0 +, 0 <()*+, 9/+0. I0 <+ / 5 8)< 9(5/)+(, ?0<, 0 0<(. 3. B+ H(8+, H(8+, P)+(8 V S5 S5 H(8+, P)+(8: P)+(8: I7 (8+, /)+(8 /)+(8 + ?+& +,;05,0 )6+) <+ ( ? ?+. S+5+) & +7 (8+, /)+(8 + 5 & ) +,;05,0 + )6+)8. T 9(5/)+(, ?0<, 0 /)+(8 (7 (8+, <+ ? ,8 ? 5 0)(6 0+ /)(90. 4. T 5+, +5 (7 <()*+, 9/+0 5,5,0 /, + 0( ?,9 96)),0 96)),0 0 0 +,0 +,0 +?++0+. +?++0+. T+ / 9(5/,+ 9(5/,+ 5+,0+, 5+,0+, +0 /,,8 @/, +* )+ ,8 ()0 0)5 >,,9+ (?+0+(,. I7 9(5/, 96)),0 +?++0+ ) 5() 0, +0 96)),0 0& +0 +, +,+> +> , ,00+; +; <( <()* )*+, +, 9/+ 9/+0 0. . H+)+ H+)+, , (( ((8 99(6 99(6,0 ,0 5,) <( *,(< ;)+(6 09,+6 <+ 0* 9) (7 <()*+, 9/+0 5,5,0 +, ?6+, 9+,0. I, 9 (7 8>9+,9& 0 9(5/, 9, +,9) 0 <()*+, 9/+0 <+0 +0 /)(/) 5, 5, 5 5,0 ,0 (7 (60 (600 0,8 ,8+, +, +,9( +,9(5 5& & +0 +0 9)8 9)8+0 +0() () ,8 ,8 (7 0 0 9(5/, +,;,0() () ? 00+, ()0 0)5 (,. . W()*+, W()*+, 9/+0 9/+0 5,5,0 5,5,0 < < ,6) 69+,0 69+,0 9 (< +, ?6+, ?6+,. . T+ T+ (< (< 9(5/, 9(5/,+ + 0( / / 0+) 0+) +?++ +?++0+ 0+ <+0(6 <+0(600 8 8 ,8 ,8 5() 5() +5/()0 +5/()0,0 ,0 /)(09 /)(090 0 05 05 ?,*)6 ?,*)6/09 /09 . W+0 W+0 , 9+,0 <()*+, 5,5,0& 9(5/,+ ; 0 8;,0 (7 /(+0+; <()*+, 9/+0 <+9 (< 05 0( 0* (, +) )+* +, ?6+, ?6+, . . C(5/ C(5/, ,+ + ,8 ,8 0( , , 0+) 0+) 96)) 96)), ,00 0 0 ,8 ,8 +?+ +?++0 +0+ + )6 )6 ) ) +, ()8 ()8) ) 0( 5, 5, 0+ 0+) ) <( <()* )*+, +, 9/+0 9/+0 .. A 699 699 7 76 6 <( <()* )*+, +, 9/+ 9/+0 0 5, 5, 5 5,0 ,0 9, 9, 79 79 5) 5) ,9 ,9+ + 968 ? 5)*0 9, ,8 9(5/0+0() 90+;+0+. G((8 9 (< + < , 0 0( 9(5/, )(<0 ,8 699.
4|Page
BRIEF REVIEW OF LITERATURE REVIEW A 068 068 6,8)0 6,8)0* *, , ? G)9+ G)9+--T)6 )6 ,8 M)0+, M)0+, S(,( S(,( ,0+0 ,0+08 8 <()*+, 9/+0 5,5,0 (7 SME ) 1%%!& 9(908 /, (7 #&#"2 5 0( 58+65 +8 ,0)/)+SME 7)(5 S/+, 9(;)+, 0 0 /)+ /)+(8 (8 1%%! 1%%!-2 -2'' ''2. 2.T T 00 008 8 0 0 9 90 0 (7 <( <()* )*+, +, 9/+ 9/+0 0 5,5,0 (, SME /)(>0?++0 6+, 0 /, 80 50(8((. T )60 85(,0)08 00 5,) 9(68 9)0 ;6 ? )869+, 0+) +,;,0()+ ,8 0 ,65?) (7 8 7() <+9 0+) 99(6,0 ) (600 (600,8+, ,8+,. . M()(; M()(;) )&& ()0 ()0,+, ,+, 0 9 9 9(,;) 9(,;)+( +(, , 99 99 ( ( +5/)(; 0 >)5 /)(>0?++0.
A 068 068 6,8 6,8)0 )0* *, , ? A//6 A//65 5+& +& R R, ,+0 +0 ,0+ ,0+0 08 8 T T +5/ +5/90 90 (7 F+)5 F+)5 C/+ C/+0 0 E@ E@/ /,8 ,8+0 +06) 6) (, <( <()* )*+, +, 9/+ 9/+0 0 M, M, 5 5,0 ,0:A :A, , E5/+)+ E5/+)+9 9 S068 S068 9)( 9)( I,860) I,860)+ + +, T+ T+,8 ,8 ) ) 2''# 2''#&0 &068+ 68+8 8 +5/90 (7 >)5 9/+0 @/,8+06 +06) (, 0+) <()*+, 9/+0 5,5,0. T 60() 68 0 80 9(908 +, 0 T+,8 S0(9* E@9, E@9,. . T 068 068 68 68 S965 S965, , ,8 9(@ 9(@1%# 1%# N0 L+6+8 L+6+8+0 +0 B B,9 ,9 ,8 ,8 W()*+ ()*+, , C/+ C/+0 0 R R6 6+) +)5 5, ,00 /)(@ /)(@ 7( 7() ) <( <()* )*+, +, 9/+0 56)5,0 ,8 8;(/8 560+/ ))+(, 5(8. T 5/+)+9 5/+)+9 ) ))9 )9 7(6,8 7(6,8 00 00 0 >)5 >)5 9/+0 9/+0 @/,8 @/,8+06 +06) ) +,+>9 +,+>9,0 ,0 +5/90 +5/90 (, <()*+, <()*+, 9/+0 9/+0 5, 5,5, 5,0. 0. T 068 068 ( ( 7(6,8 00 0 >)5 (/)0+, 9 (<& <+9 < )9(,+8 9(,0)( 9(,0)( ;)+? ;)+? +,+> +,+>9, 9,00 )0+ )0+(, (,+/ +/ <+0 <+0 <()*+, <()*+, 9/+0 9/+0 5,5,0. A 068 068 6,8 6,8)0 )0* *, , ? A)6, A)6,*6 *65 5) ) O.N $ R R8 8 R R5 5, ,, , ,0+ ,0+0 08 8 W()*+, C/+0 M,5,0 ,8 P)(>0?++0:A S,+0+;+0 A,+ ) ) 2'13 2'13&) &) ; ; 00 0 80 80 , + + < < 9) 9))+ )+8 7() 11%# 11%# 5,67906)+, >)5 +08 +, 9,0) 7() M(,+0()+, I,8+, E9(,(5 7() /)+(8 (7 ). T )0+(,+/ (7 8?0() 8& +,;,0() 8& 9)8+0() 8& 96)),0 )0+(& )0+( (7 96)),0 +?++0 0( 0(0 0& 0 0 06),(; 06),(;) ) )0+(& )0+(& >,,9+ >,,9+ 0 0 0( 0(0 0(0 0 0 ,8 + + <+0 <+0 )06), (, 0 5/(8 + ,8 +, 0+ 068. T 60() ; //+8 9())0+(, ,8 )(6/ <+ <+08 0 6) ))+(, ,+ 0( +8,0+7 0 90 (7 0 ;)+? (, /)(>0?++0. T 9()) 9()) 0 0+( +(, , , , + + (< (< 00 00 0 0 >)5 >)5 /)(> /)(>0 0?+ ?++ +0 0 + + + +,6,98 ? 0 ;)+? )0+, 0( 0.I0 < ( 7(6,8 (60 00 0) + /(+0+; )0+(,+/ ?0<, /)(>0?++0 ,8 8?0() 8 ,8 +,;,0() 8.
5|Page
OBJECTIVES THE STUDY S+,9 <()*+, 9/+0 5,5,0 + (, (7 0 5(0 +5/()0,0 /90 (7 >,,9& +0 ,? 0( 068 +,-8/0 0 50(8 +,;(;8 +, +0 ( 00 068,0 (7 >,,9 +0 +; 5 9,9 0( 068 0 >,,9+ /)/90+; (7 0 +,860). I0 () 9(/ 0( 6,8)0,8 ;)+(6 /90 (7 >,,9 ,8 0 /90 ) )908 +, 0+ )/()0. T 0+50+(, (7 )6+)8 <()*+, 9/+0 8+) 7)(5 (),+0+(, 0( (),+0+(,. S( 8(+, 0+ /)(90 +, , +,860) <+ / +, *,(<+, 5() ?(60 0 <()*+, 9/+0& +0 /)/)0+(, ,8 @960+(,. T 068 0 7((<+, (?90+;:1. T( <0) 0 <()*+, 9/+0 +, WIPRO LIMITED ,8 ITC LIMITED + , 90+; (,. 2. T( >,8 (60 0 @0,0 (7 0 ,8 ,8 869 (7 0 <()*+, 9/+0 (7 0 >)5. 3. T( 0 +6+8+0 /(+0+(, (7 0 9(5/,. 4. T( 0 9, +, 0 <()*+, 9/+0. . T( 0 )0+( ,+ (7 0 0<( 9(5/,+. !. T( 80)5+, 0 ,0 <()*+, 9/+0.
RESEARCH METHODOLOGY T 9(90+(, + 0 /)(9 (7 ,65)0+(, 0(0) <+0 0 /)(/) )9()8+, (7 )60. T 699 (7 , ,6+) + ?8 6/ (, 0 /)(/) 9(90+(, (7 80.
S9(,8) D0: S9(,8) 80 ) 0( 00 ) )8 9(908 ? (5(, 7() (5 /6)/( ,8 ) 6|Page
;+? 7() 0 /),0 068. T 9(;) ;)+(6 (6)9 (7 9(,8) 8 +,9168+,/6?1+2348 ,8 6,/6?1+2348 2(6)942 1+*4 ,4<2 //4)2& /6?1+2348 ?((* 5-+,42 409N& DATA TYPE USED: T34 80 )46+)48 7() 03+2 /)(490 +2 ?4+,- 9(1149048 7)(5 ;)+(62 2(6)942 <3+93 )4 844548 0( ?4 7611 996)04 ,8 7611 )41+?+1+0 +2 034)4 (, 034 80 9(1149048. T34 2(6)942 7)(5 <34)4 034 80 +2 9(1149048 +2 7)(5 5-+,42& ,,61 )4/()02& ,4<2//4)& /6?1+2348 ?((*2. STATISTICAL TOOLS USED: G)/32& /+4 93)02 ,8 0?142. SAMPLE SIE OF THE STUDY: T<(: WIPRO L+5+048 ITC L+5+048
LIMITATIONS OF THE STUDY
W()*+, 9/+0 5,5,0 + , 90+; 0(( 7() 5,5,0 9(,0)(. T 7((<+, + 0 +5+00+(, <+9 I (?);8 +, WIPRO LIMITED ,8 ITC LIMITED:1. S+,9 0 )/()0 + @96+; 58 7)(5 9(,8) (6)9 (7 80& 0 8+)90 (?);0+(, + +0) +5/(+?. 2. T) < ,( 9(/ 7() 0)+, 69+,0 >,,9+ +,7()50+(, +0 + 9(,>8,0+. 3. T) < 0+5 9(,0)+,0 7() 0 /)(90& 86 0( 0 +5+08 0+5 4. T 05; ; ,(0 5+,0+,8 0 80 ( 996)0 ?60 5 0( ? 69+,0 7() 0 /)(90. . T 9(5/, 8 (9 + +,99+? 7() 5. A 0 80 <+0 <+9 0 9(5/, 80+ ?, 5,0+(,8 +, 0 /)(90 0)(6
< ;+? 0( 5
;)+(6 5+,& ,,6 )/()0.
CHAPTER PLANNING 7|Page
The follow!g "#o$e%& ha' (ee! "#e'e!&e) ! fo#* of &he follow!g %ha"&e#'+C/0) 1: I,0)(8690+(,
The ",#"o'e of I!&#o),%&o! ' &o "#o)e a (a'% )e'%#"&o! of &he &o"% of &he "#o$e%& o#/!g Ca"&al a!) &' *"o#&a!%e. The (a%/g#o,!) of &he ',($e%&' (,l)' a "la&fo#* fo# &he !e0& %o*!g &o"%' &o (e )'%,''e). The &e#a&,#e #eew !)%a&e' 'o*e #ela&e) &heo#e' &o &he &o"% al#ea) hghlgh&e) wh%h ge' *"o#&a!%e &o &he "#o$e%&. O($e%&e' of &he '&,) ' al'o )e!e) ! he#e. The *e&ho)olog 'how' &he '&e"' wh%h ha' (ee! &a/e! fo# &he %o*"le&o! a!) )eelo"*e!& of &he "#o$e%&. C/0) 2: C(,9/06 F)5<()*
Co!%e"&,al f#a*ewo#/' a#e a('&#a%& #e"#e'e!&a&o!' %o!!e%&e) &o &he #e'ea#%h "#o$e%&' goal &ha& )#e%& &he %olle%&o! a!) a!al'' of )a&a o! &he "la!e of o('e#a&o! &he g#o,!)8.He#e &he !a&o!al a!) !&e#!a&o!al '%e!a#o of %o#"o#a&e 'o%al #e'"o!'(l& ' 'how! a!) &h#o,gh &h' a!al'' %a! (e )o!e a(o,& how awa#e &he glo(al wo#l) ' #ega#)!g &he ',($e%&. The *"a%& a*) e9e%& of &he &o"% ' al'o 'how!. C/0) 3: P),00+(, (7 80& ,+ ,8 >,8+,
The "#o%e'' of eal,a&!g )a&a ,'!g a!al&%al a!) log%al #ea'o!!g &o e0a*!e ea%h %o*"o!e!& of &he )a&a "#o)e). Th' fo#* of a!al'' ' $,'& o!e of &he *a! '&e"' &ha& *,'& (e %o*"le&e) whe! %o!),%&!g a #e'ea#%h e0"e#*e!&. Da&a of Ne'&le I!)a f#o* a#o,' 'o,#%e' ha' (ee! ga&he#e) #eewe) a!) &he! a!al:e) &o fo#* 'o*e 'o#& of !)!g o# %o!%l,'o!. The#e a#e a a#e& of '"e%% )a&a a!al'' *e&ho) 'o*e of wh%h !%l,)e )a&a *!!g &e0& a!al&%' (,'!e'' a!) )a&a ',al:a&o!'. C/0) 4: C(,96+(, ,8 R9(55,80+(,
The !&e#"#e&a&o!' a#e ge! of &he 'g!%a!%e of &he !)!g' of a #e'ea#%h "#o$e%& alo!g w&h #e%o**e!)a&o!' fo# a%&o!. The'e #e%o**e!)a&o!' wll (e (a'e) o! &he #e'ea#%h a!) o! a! o&he# #elea!& !fo#*a&o! aala(le !%l,)!g ow! "a'& e0"e#e!%e ! a *a#/e& o# ! (,'!e''. Co!%l,'o!' a!) #e%o**e!)a&o!' ,',all fo#* a! *"o#&a!& "a#& of a "#o$e%& (#ef a!) of a! #e"o#& o# )o%,*e!&a&o! a!) a#e a /e "a#& of &he al,e o9e#e) &o %le!&' ( "#ofe''o!al *a#/e& #e'ea#%h.
;|Page
CHAPTER-2 CONCEPTUA
?|Page
CHAPTER 2 CONCEPTUAL FRAMEWORK o#/!g %a"&al *a!age*e!& ' a 'g!%a!& fa%& of !a!%al *a!age*e!& ),e &o &he fa%& &ha& & "la' a "o&al #ole ! /ee"!g &he wheel' of a (,'!e'' e!&e#"#'e #,!!!g. The #e@,#e*e!&' of wo#/!g %a"&al fo# )a &o )a (,'!e'' a%&&e' %a!!o& (e oe#e*"ha':e). I& %a!!o& (e )e!e) &ha& a #* !e'&' a "a#& of &' "e#*a!e!& %a"&al ! 0e) a''e&' a!) /ee"' a "a#& of & ! wo#/!g %a"&al .e. fo# *ee&!g )a &o )a #e@,#e*e!&'. e wll ha#)l !) a #* wh%h )oe' !o& #e@,#e a! a*o,!& of wo#/!g %a"&al fo# &' !o#*al o"e#a&o!. The #e@,#e*e!& of wo#/!g %a"&al a#e' f#o* #* &o #* )e"e!)!g ,"o! &he !a&,#e of (,'!e'' "#o),%&o! "ol% *a#/e& %o!)&o!' 'ea'o!al& of o"e#a&o!' %o!)&o!' of ',""l e&%. o#/!g %a"&al *ea!' &he f,!)' .e. %a"&al8 aala(le ,'e) fo# )a &o )a o"e#a&o! .e. wo#/!g8 of a! e!&e#"#'e. I& %o!''&' (#oa)l of &ha& "o#&o! of a''e&' of a (,'!e'' wh%h a#e ,'e) ! o# #ela&e) &o &' %,##e!& o"e#a&o!'. I& #efe#' &o f,!) wh%h a#e ,'e) ),#!g a! a%%o,!&!g "e#o) &o ge!e#a&e a %,##e!& !%o*e of a &"e wh%h ' %o!''&e!& w&h *a$o# ",#"o'e of a #* e0'&e!%e. The %o!%e"& of wo#/!g %a"&al %a! (e e0"la!e) &h#o,gh &wo a!gle'+
A8 Co!%e"& <#o* &he %o!%e"& "o!& of ew wo#/!g %a"&al %a! (e )e!e) a' g#o'' wo#/!g %a"&al o# !e& wo#/!g %a"&al. B#o'' o#/!g Ca"&al+- I& #efe#' &o &he #*' !e'&*e!& ! %,##e!& a''e&' a#e &ho'e a''e&' wh%h %a! (e %o!e#&e) !&o %a'h w&h! a! a%%o,!&!g ea#. C,##e!& a''e&' !%l,)e '&o%/ of #aw *a&e#al' wo#/-!-"#og#e'' !'he) goo)' &#a)e )e(&o#' "#e"a*e!&' %a'h (ala!%e' e&%. Ne& o#/!g %a"&al+ - I& #efe#' &o &he )9e#e!%e (e&wee! %,##e!& a''e&' a!) %,##e!& la(l&e'. C,##e!& la(l&e' a#e &ho'e %la*' of o,&')e#' wh%h a#e e0"e%&e) &o *a&,#e fo# "a*e!& w&h! a! a%%o,!&!g ea#. C,##e!& la(l&e' !%l,)e &#a)e %#e)&o#' a%%#,al' &a0a&o! "aa(le 1 | P a g e
A "o'&e wo#/!g %a"&al *ea!' &ha& &he %o*"a! I' a(le &o "a o9 &' 'ho#& &e#* la(l&e'. A !ega&e wo#/!g %a"&al *ea!' &ha& &he %o*"a! ' ,!a(le &o *ee& &' 'ho#& &e#* la(l&e'.
8 T*e+ <#o* &he "o!& of ew of &*e &he wo#/!g %a"&al %a! (e ))e) ! &o &wo %a&ego#e' !a*el <0e) a!) Te*"o#a#. Pe#*a!e!& wo#/!g Ca"&al+ - I& #efe#' &o &he ha#) %o#e wo#/!g %a"&al. I& ' &ha& *!*,* leel of !e'&*e!& ! &he %,##e!& a''e&' &ha& ' %a##e) ( &he (,'!e'' a& all &*e' &o %a## o,& *!*,* leel of a%&&e'. E0a*"le+ Ee# #* ha' &o *a!&a! *!*,* leel of #aw *a&e#al' IP a!) !'he) goo)' a!) %a'h (ala!%e. Te*"o#a# wo#/!g Ca"&al+ - I& #efe#' &o &ha& "a#& of wo#/!g %a"&al wh%h ' #e@,#e) ( a (,'!e'' oe# a!) a(oe "e#*a!e!& wo#/!g %a"&al. I& ' al'o %alle) a#a(le wo#/!g %a"&al. F!%e &he ol,*e of &e*"o#a# wo#/!g %a"&al /ee"' o! G,%&,a&!g f#o* &*e &o a%%o#)!g &o &he (,'!e'' a%&&e' & *a (e !a!%e) f#o* 'ho#& &e#* 'o,#%e'. E0a*"le + %o%a-%ola %a"&al #e@,#e fo# '"e%al "#o),%&o!.
NATIONAL $ INTERNATIONAL SCENARIO NATIONAL SCENARIO O;) 0 /0 0<( 898& I,8+ )+, 0( ?9(5 0 8+, 80+,0+(, 7() (? (6)9+, (7 IT& BPO ,8 ))9 ,8 8;(/5,0 );+9. E0?+8 I,8+, IT );+9 9(5/,+ ; /)(;, 0)9* 11 | P a g e
)9()8 7() /)(;+8+, ?6+, ,8 09,(( (60+(,& ()+, )& + 6+0 ,8 E,+-/*+, 0,0 /((& ,8 7)+,8 )60() ,;+)(,5,0. T 790()& 9(6/8 <+0 0)(, @+0+, 9+,0 )0+(,+/ ; 79++008 I,8+ 5),9 (? (60(6)9+, 6?. A99()8+, 0( 0 NASSCOM S0)0+9 R;+< R/()0 2'13& 0 )8<) 5)*0 +, I,8+ 99(6,08 7() 4'Q (7 0 8(50+9 IT +,860)& <+0 ,0+9+/08 )(<0 (7 1.4Q +, >92'13. T * 9(5/(,,0 (7 0 )8<) +,860) ) );)& 8*0(/ ,8 /0(/& 0() 8;+9& /)+/) ,8 ,0<()*+, 6+/5,0. I,9)8 6 (7 9(5/60+, 8;+9 +, 8690+(, ,8 9(,+0,0 85,8 7)(5 ,0)/)+ ) * 790() 8)+;+, 0 9(,0+,68 )(<0 (7 0+ 5)*0. A88+0+(,& 0 G(;),5,0 (7 I,8+ + /)(5(0+, +,+0+0+; 0( /)(;+8 (< 9(0 ()8? 9(5/60+,& <+9 + @/908 0( ( 76 )(<0. I,9)8 8(/0+(, (7 ;+)06+0+(, ,8 9(68 9(5/60+, 09,((+& )-9 8++0+0+(, ,8 0 +,9)8 +5/()0,9 (7 ?+ 80 () ,0+9 ; ( 9(,0)+?608 0( )(<0 +, 0 );) ,8 0() 5)*0. D5,8 7() ,0<()*+, 6+/5,0 + +,9)+, ?6+, +,;0 +, @/,8+, ,8 6/)8+, 0+) +,7)0)6906)& ,8 /,0)0+(, (7 5(?+ 8;+9& 09(,7),9+, ,8 ;(+9 (;) +,0),0 /)(0(9( VOIP +,9).
INTERNATIONAL SCENARIO
W()*+, 9/+0 5,5,0 +, +,0),0+(, 9(,0@0 +,;(; 5,+, 9 ?,9& 99(6,0 )9+;?& +,;,0()& ,8 96)),0 +?++0+ <, 798 <+0 /(+0+9& 7()+, @9,& 0@& ,8 +6+8+0 9(,0)+,0. I0 ( ,9(5/ 0 ,8 0( ?())(< ()0-0)5 76,8 0( >,,9 96)),0 0 7)(5 ?(0 +,-(6 ?,* ,8 @0), (9 ,8 +,0),0+(, 9(55)9+ ?,*. T (;) ( + 0( )869 76,8 0+8 6/ +, <()*+, 9/+0. T+ (68 ,,9 )06), (, 0 ,8 6+0. I0 ( (68 +5/)(; 9+,9 )0+( ,8 (0) ;60+(, (7 /)7()5,9 /)50).
T W()*+, 9/+0 5,5,0 + , +,0) /)0 (7 0 0(0 >,,9+ 5,5,0 (7 , ,0)/)+ 00 )0) +5/90 (, P)(>0?++0& L+6+8+0 ,8 O;) /)7()5,9 (7 0 ,0)/)+ +))/90+; (7 +0 ,06). I, 790& <()*+, 9/+0 + 9+)960() 5(, +,;05,0 00 0* /9 )+0 7)(5 0 +,/60 0 0( (60/60. M,5,0 (7 <()*+, 9/+0 + 9(5/+908 (, 99(6,0 (7 0<( +5/()0,0 )(,& ,5& 69060+, ,06) (7 +0 5(6,0& ,8 ,8 0( 5+,0+, /)(/) ?,9 ?0<, 96)),0 0 ,8 ,(,-96)),0 0 +, ()8) 0( 5@+5+ /)(>0. T +5/()0,9 (7 <()*+, 9/+0 +, , +,860) 9,,(0 ? (;) 0)8& +0 + (, (7 0 +5/()0,0 96 (7 699 () 7+6) (7 , +,860). W0;) ? 0 + (7 0 ?6+,& <()*+, 9/+0 + +0 +7-?((8. W()*+, 9/+0 12 | P a g e
9(,0+060 0 76,8 ,88 0( 9)) (, 8 0( 8 (/)0+(, (7 ?6+,& 69 /6)9 (7 )< 50)+& /5,0 (7 < ,8 (0) @/,. F() )6,,+, ?6+, , 860 5(6,0 (7 <()*+, 9/+0 + ,0+. A >)5 <+0 ()0 (7 <()*+, 9/+0 <+ ? 09,+9 +,(;,0. T +6+8+0 (7 ?6+, + ( (, (7 0 * 790() 80)5+,+, +0 /)(/,+0 0( 699 () 7+6). T+ 9 7() 050+9 ,8 +,0)08 //)(9 0(<)8 60+++, 9(5/, 0 <+0 5@+565 9+,9. W()*+, C/+0 5,5,0 + ?(60 0 >,,9+ ,8 9(55)9+ /90 (7 /6)9+,& 5)*0+,& +,;,0()& 9)8+0& )(0 ,8 +,;05,0 /(+9.
CHAPTER-3 PREFENTATION ANAFIF AND
13 | P a g e
CHAPTER-3- PRESENTATION ANALYSIS $ FINDINGS COMPANY PROFILE:
WIPRO
W+/)( E,0)/)+ L+5+08 F()5) A+5 P)5+ C60(8+ S);+9 P)+;0 L+5+08& < +,9()/()08 6,8) 0 P)(;++(, (7 C(5/,+ A90& 1%!& + 86)0)8 +, B,()& I,8+. T C(5/, /)+5)+ 9))+ (, 0 ?6+, (7 C(,65) 9) /)(8690& D(50+9 $ C(55)9+ +0+, ,8 I,7)0)6906) ,+,)+, <+9 I) 0),7))8 /6)6,0 0( 0 S95 (7 A)),5,0 (7 W+/)( L+5+08 W+/)( <+0 90 7)(5 M)9 31& 2'13& <+0 0 //(+,08 80 (, A/)+ 1& 2'12. W+/)( L08. NYSE:WIT& 8+, (? I,7()50+(, T9,((& C(,60+, ,8 O60(6)9+, 9(5/, 0(8 ,,(6,98 00 +0 ?, ),*8 8) +, 0 G(? R$D S);+9 P)(;+8) 6); ? +,,(; M,5,0 C(,60+, 7() 0 7(6)0 699+; ). +,,(; + 8+, G(?+0+(, ,8 M)*0 E@/,+(, A8;+() >)5 00 / 9(5/,+ (?+ 0+) R$DP)(8690 E,+,)+, 90+;+0+. W+/)( 9(,+0,0 */0 6/ /9 <+0 9,+, 960(5) ,8 +, 0 P)(8690 E,+,)+, /9. B +0 8(/0+, @+? ?6+, 5(8& 0*+, (60+(, 8 //)(9 () 9(-+,;0+, +, 8;(/+, /)(8690 ,8 0*+, +0 0( 5)*0 W+/)( 85(,0)08 0)(, 9/?++0. W+/)( ;)0+9 /9+>9 (60+(, ,8 PDLC P)(8690 D;(/5,0 L+7 C9 99)0() +; +0 8>,+0 8 , ,+,)+, /)0,). +8 S6,8))5, V+<,0,& E,5,0 M,)& +,,(; M,5,0 C(,60+, P;0. L08. W+/)( E,0)/)+ L+5+08 9(5/)+ (7 0<( 5+, 8+;++(, 1. W+/)( C(,65) C) ,8 L+0+, WCCLG 2. W+/)( I,7)0)6906) E,+,)+, WIN W+/)( C(,65) C) ,8 L+0+, WCCLG + 5(, 0 0(/ 700 )(<+, FMCG 9(5/,+ +, I,8+. I0 0)(, ?),8 /),9 +, 14 | P a g e
/)(, 9) ,8 *+, 9) /)(8690 +, S(60-E0 A+ ,8 M+88-E0 /)0 7)(5 +,+>9,0 5)*0 ) +, +8,0+>8 5,0. T(8 WCCLG (? <()*7()9 (7 #3'' );+, (;) 4' 9(6,0)+. WCCLG ?6+, +,968 560+/ /)(8690 ), 7)(5 P)(, 9) S(/& T(+0)+& B? 9)& I, E90)+9 <+) 8;+9& L+0+, ,8 M(86) O9 76),+06). W+/)( I,7)0)6906) E,+,)+, WIN + 0 )0 +,8/,8,0 8)6+9 9+,8) 5,67906)) +, 0 <()8& 8+;)+, )(6,8 2 5++(, 9+,8) 0( OEM +, 8+),0 ()/+. WIN (? <()*7()9 (7 (;) 1&"'' 9(55+008 ,8 *+8 /(/& ,8 14 00-(7-0-)0 5,67906)+, 79++0+ 9)( I,8+& N()0), E6)(/& E0), E6)(/& US& B)+ ,8 C+,. WIN /9++ +, 8+,+, ,8 5,67906)+, 960(5 H8)6+9 C+,8) 8(6? 90+,& +, 90+, ,8 09(/+9 9+,8)& A9060() ,8 P)9++(, ,+,)8 9(5/(,,0 7() +,7)0)6906) ,8 )08 +,860)+ 69 C(,0)690+(, $ E)05(;+,& M0)+C)( H,8+, $ F()0)& T)69* H8)6+9& F)5 $ A)+9606)& M+,+,& ,8 A)(/9 $ D7,. W+/)( E,0)/)+ L+5+08 ( 0<( (9+0 : 1. W+/)( GE H09) P)+;0 L+5+08 2. W+/)( K<*+ P)9++(, M9+,) P)+;0 L+5+08 B6+, W+/)( T9,((+
W+/)( I,7(09 LTD
P)(8690 IT S);+9 P)(8690 E,+,)+, S(60+(, T9,(( I,7)0)6906) S);+9 B6+, P)(9 O60(6)9+, C(,60+, S);+9 N(0?((* D*0(/ S);) D0 W)(6+, IBM S);)
W+/)( C(,65) C) $ L+0,+,
F0 M(;+, C(,65) G((8
W+/)( I,7)0)6906) E,+,)+,
C(,0)690+(,& A)+9606)& P()0
W+/)( GE M8+9 S05
M8+9 S05
M+,+,&
15 | P a g e
W+/)( B+(58
L+7 S9+,9 S/9++0 P)(8690 M8+9 S05 M,8 S);+9
16 | P a g e
DATA ANALYSIS BALANCE SHEET-WIPRO LTD RI, C)() P)0+96)
2'13-14
2'12-13
2'11-12
2'1'-11
2''%-1'
L+?++0+
12 M(,0
12 M(,0
12 M(,0
12 M(,0
12 M(,0
4%2.!'
4%1."'
4%'.#'
2%.4'
2%4.'
S) C/+0 R); $ S6)/6
23"3!.%' 23#!'.#' 2'#2%.4' 1"3%!.#' 1222'.'
N0 W()0
2422%.' 2432.' 2132'.2' 1"!%2.2' 121.''
S96)8 L(, U,96)8 L(, TOTAL LIABILITIES
'.4'
1.''
%.!'
.''
.''
3%%.!'
242.2'
4"'1.2'
3'.2'
'13.%'
2#2".' 2%%."' 2!'31.'' 23222.4' 1"2#.%'
A0 G)( B(9*
#312.'
#"!1.!'
""4'.!'
!"!1.3'
"43.3'
- A99. D/)9+0+(,
44'3.1'
4111.#'
3'3.!'
31'.''
2!3."'
N0 B(9*
3%'%.4'
4!4%.#'
423".''
3!!.3'
31"%.!'
3"#.%'
3'1.2'
3%!.4'
%%1.1'
1311.#'
1'%'4.2' 1'33.2' 1'#13.4'
#%!!.'
!#%.3'
C/+0 W()* +, P)() I,;05,0 I,;,0()+
32'.'
"#.1'
"24.%'
!'!.%'
4%.!'
S6,8) D?0()
#4%%.4'
"%!".''
"#1.3'
'1!.4'
444!.4'
C ,8 B,*
"#''.4'
!232.#'
2'3.3'
!!4.3'
44'%.2'
L(, ,8 A8;,9
##%3.#'
#324.#'
!%!3.'
42.%'
42'2.''
T(0 C6)),0 A0
214.1' 233'%."' 1#!"3.'' 1!"13.' 131".2'
C6)),0 L+?++0+
#"%2.#'
%#4.2'
121.2'
4#"4.2'
!4.3'
P)(;++(,
3!3#.3'
3'1!.''
2%!".!'
223'.#'
1#1'."'
T(0 C6)),0 L+?++0+
12431.1'
%'''.2'
#'##.#'
"1'.''
"3".''
NET CURRENT ASSETS
13'#3.'' 143'%.' 1'#4.2'
%!'#.'
!142.2'
TOTAL ASSETSABCDE
2#2".' 2%%."' 2!'31.'' 23222.4' 1"2#.%'
17 | P a g e
PROFIT AND LOSS-WIPRO LTD R I, C)()
=a#13
=a#12
=a#11
=a#1
=a#?
12=o!&h' 12=o!&h' 12=o!&h' 12=o!&h' 12=o!&h' INCOME+
Fale' T,#!oe# E0%'e D,& NET FAEF O&he# I!%o*e TOTA INCO=E
33226.5 316;2.? 263.5 236.3 21612.; .
.
.
;4.3
15.5
33226.5 316;2.? 263.5 22?22. 2157.3
34551.; 32?1.3 26?;1.2 23356.2 21?75.5
EPENDITURE+
=a!,fa%&,#!g E0"e!'e' =a&e#al Co!',*e) Pe#'o!al E0"e!'e' Fell!g E0"e!'e'
23.4
233.4
2.5
22;6.7
1;41.;
26;3.2
472?.;
3774.
3657.;
3442.6
15?4.2 13311.5 1?37.4
?62.;
?24?.;
.
.
.
37;.1
3;.4
7475.2
7365.2
5627.7
235.1
1?6.
E0"e!'e' Ca"&al'e)
.
.
.
.
.
P#o'o!' =a)e
.
.
.
.
.
A)*!'&#a&e E0"e!'e'
TOTAL EPENDITURE
262?3. 2563?.? 253?.6 1742.5 1674;.6
O"e#a&!g P#o&
6?33.5
643.
576.?
551.5
475;.7
EITDA
;25;.;
727.4
6441.6
5?35.7
5226.?
71.3
746.1
6.1
57?.6
533.6
.
.
.
.
.
7557.5
6524.3
5;41.5
5356.1
46?3.3
352.4
65.7
136.
??.;
1?6.;
EBT
725.1
5?1;.6
575.5
5256.3
44?6.5
Ta0e'
1554.?
1233.5
;61.;
7?.;
574.1
565.2
46;5.1
4;43.7
4465.5
3?22.4
No! Re%,##!g I&e*'
.
.
.
432.5
-?4;.6
O&he# No! Ca'h A)$,'&*e!&'
.
.
.
.
.
O&he# A)$,'&*e!&'
.
.
.
.
.
565.2
46;5.1
4;43.7
4;?;.
2?73.;
De"#e%a&o! O&he# #&e-o9' EBIT
I!&e#e'&
P#o& a!) o'' fo# &he ea#
REPORTED PAT
1; | P a g e
P#efe#e!%e D)e!) E@,& D)e!) E@,& D)e!) 8 Fha#e' ! I'',e a/h'8 EPF - A!!,al'e) R'8
.
.
.
.
.
1724.7
1475.2
1472.6
;;.?
5;6.
35.12
3.2
3.4
3.3
2.
2462?.35 245;7.56 24544.? 146;2.11 1464?.;1 22.?4
1?.5
1?.73
33.36
2.3
CHANGES IN WORKING CAPITAL STATEMENT FOR THE PERIOD 2''% TO 2'14 RI, C)()
PARTICULARS
2''% -1'
2'1'11
2'1112
2'1213
2'1314
CURRENT ASSETS
45?. 6
66.?
724.?
7;5.1
-FUNDR DETORF
4446 .4
516. 4
57;1. 3
7?67.
;4??. 4
-CAFHAN>
44? .2
5664. 3
523. 3
6232. ;
7;. 4
%31 .2
112# ".!
11"' %.
14%# 4.%
1!!2 '.3
"3" .'
"1'. '
#'##. #
%'''. 2
1243 1.1
"3" .'
"1'. '
#'##. #
%'''. 2
1243 1.1
1%4' .2
41#2. !
3!2'. "
%#4. "
41#%. 2
-INJENTORIEF
A.TOTAL
CURRENT LIABILITIES B.TOTAL A-B. WORKING CAPITAL
32.5
1? | P a g e
EPLANATION: T ?(; 9)0 9) (< 0 +,9) +, 0 <()*+, 9/+0 7() 0 ) 2''%-2'1'.A 0 C6)),0 A0 @9/0 (0) 96)),0 0 ; +,9)8 +, 0 ) 2'1' 9(5/)8 0( ) 2''%. T ,8 )60 (7 0 005,0 (7 9, +, <()*+, 9/+0 70) 9(5/)+, 0 +,9) ,8 89) + 0 ,0 89) +, 0 5(6,0 (7 <()*+, 9/+0. T ?(; 0? /)/)8 7(96 (, 0 790 00 0 +,9) +, <()*+, 9/+0 + R. 2242.49)() T ?(; 9)0 9) (< 0 89) +, 0 <()*+, 9/+0 7() 0 ) 2'1'-2'11.A 0 C6)),0 A0 @9/0 )9+;? ; 89)8 +, 0 ) 2'11 9(5/)8 0( ) 2'1'. T ,8 )60 (7 0 005,0 (7 9, +, <()*+, 9/+0 70) 9(5/)+, 0 +,9) ,8 89) + 0 ,0 89) +, 0 5(6,0 (7 <()*+, 9/+0. T ?(; 0? /)/)8 7(96 (, 0 790 00 0 89) +, <()*+, 9/+0 + R. !1.%9)(). T ?(; 9)0 9) (< 0 +,9) +, 0 <()*+, 9/+0 7() 0 ) 2'11-2'12. A 0 C6)),0 A0 @9/0 (0) 96)),0 0 ; +,9)8 +, 0 ) 2'12 9(5/)8 0( ) 2'11. T ,8 )60 (7 0 005,0 (7 9, +, <()*+, 9/+0 70) 9(5/)+, 0 +,9) ,8 89) + 0 ,0 89) +, 0 5(6,0 (7 <()*+, 9/+0. T ?(; 0? /)/)8 7(96 (, 0 790 00 0 +,9) +, <()*+, 9/+0 + R. 23!.49)(). T ?(; 9)0 9) (< 0 89) +, 0 <()*+, 9/+0 7() 0 ) 2'12-2'13.A 0 C6)),0 A0 @9/0 )9+;? ; 2 | P a g e
89)8 +, 0 ) 2'13 9(5/)8 0( ) 2'12. T ,8 )60 (7 0 005,0 (7 9, +, <()*+, 9/+0 70) 9(5/)+, 0 +,9) ,8 89) + 0 ,0 89) +, 0 5(6,0 (7 <()*+, 9/+0. T ?(; 0? /)/)8 7(96 (, 0 790 00 0 89) +, <()*+, 9/+0 + R. 1"%.9)().
KEY WORKING CAPITAL RATIOS 1. CURRENT RATIO+ T 96)),0 )0+( + >,,9+ )0+( 00 56) <0) () ,(0 >)5 ,(6 )(6)9 0( / +0 8?0 (;) 0 ,@0 12 5(,0. I0 9(5/) >)5 96)),0 0 0( +0 96)),0 +?++0+. I0 + @/)8 7((< +
C6)),0 A0 + , 0 <+9 9, +0) ? 9(,;)08 0( 9 () 68 0( / 96)),0 +?++0+ <+0+, 12 5(,0. C6)),0 A0 +,968 9 9 6+;,0 ()0-0)5 +,;05,0& 99(6,0 )9+;?& 0(9* +,;,0() ,8 0 /()0+(, (7 /)/+8 +?++0+ <+9 <+ ? /+8 <+0+, ) . C6)),0 L+?++0+ ) 5(6,0 00 ) 86 0( / <+0+, 0 9(5+, 12 5(,0. T 7((<+, 0? (< 0 96)),0 )0+( 7() 0 ) 2''#-2''% 0( 2'122'13:
R'. I! C#o#e'8 Y)
C6)),0 A0
C6)),0 L+?++0+
C6)),0 R0+(
2''#-2''%
131".2
"3".'
1.#3 0+5
2''%-2'1'
1!"13.
"1'.'
2.3 0+5
2'1'-2'11
1#!"3.'
#'##.#
2.31 0+5
2'11-2'12
233'%."
%'''.2
2.% 0+5
2'12-2'13
214.1
12431.1
2.' 0+5
I,0)/)00+(,: T 5(6,0 (7 0 + 69060+, 7() 0 ,0+) )& <) 0 5(6,0 (7 +?++0+ + ,(0 569 69060+, +, 0 /)+(8. T 96)),0 )0+( + + 7() 0 ) 2'11-2'12&<+9 +,8+90 00 0 9(5/, 5 ,(0 ? 6+, +0 96)),0 0 () +0 ()0 0)5 >,,9+, 79++0+ 9+,0. T+ 5 ( +,8+90 /)(?5 +, <()*+, 9/+0 5,5,0. H+0 99/0? 96)),0 )0+( + 2&?(,8 0+ 0 9(5/, 5 79 /)(?5. S( 0 9(5/, (68 0) 0( 9+,0 60++ +0 )(6)9 .
21 | P a g e
22 | P a g e
2. 6+9* R0+(+ A9+8-00 () 6+9* )0+( () +6+8 )0+( 56) 0 ?++0 (7 9(5/, 0( 6 +0 near cash () 6+9* 0 0( @0+,6+ () )0+) +0 96)),0 +?++0+ +558+0. A 9(5/, <+0 6+9* R0+( (7 0, 1 9,,(0 96)),0 76 / ?9* +0 96)),0 +?++0+.
T 7((<+, 0? (< 0 6+9* )0+( 7() 0 ) 2''#-2''% 0( 2'122'13+ R'.I! C#o#e'8
Y)
C6)),0 A0
I,;,0()
C6)),0 L+?++0+
6+9* R0+(
2''#-2''%
131".2
4%!.'
"3".'
1.2'% 0+5
2''%-2'1'
1!"13.
!'!.%
"1'.'
2.!!% 0+5
2'1'-2'11
1#!"3.'
"24.%
#'##.#
2.21# 0+5
2'11-2'12
233'%."
"#.1
%'''.2
2.'2 0+5
2'12-2'13
214.1
32'.
12431.1
2.'2! 0+5
I,0)/)00+(,+ T 9(5/, ?, ? 0( 5+,0+, +0 6+9* )0+( 7() 0 /0 ) ,8 0 9(5/, + >,,9+ 96). I0 + ( 00 0 9(5/,+ ;+, 6+9* )0+( (7 )0) 0, 1 ) 69+,0 ? 0( 50 0+) ()0 0)5 +?++0+ ,8 89)+, 6+9* )0+( 60 00 0 9(5/, + (;) ;)8. O, 0 (0) +0 + 9) 00 0 9(5/, + ;+, +,9)+, 6+9* )0+( 7() 0 ) 2''%-2''% +,8+90+, 00 9(5/, + @/)+,9+, (+8 0(/ +, )(<0& 6+9* 9(,;)0+, )9+;? +,0( 9 ,8 + ?+, + ? 0( 9(;) +0 >,,9+ (?+0+(,. T 9(5/, (70, 70) +,;,0() 06),(;) ,8 9 9(,;)+(, 99.
23 | P a g e
24 | P a g e
3. W()*+, C/+0 T6),(;) R0+( + W()*+, C/+0 )0+( 56) 0 90+; 60++0+(, (7 W()*+, C/+0. T )0+( 0?+ )0+(,+/ ?0<, 9(0 (7 ,8 W()*+, C/+0 .
W()*+, C/+0 T6),(;) R0+( S N0 W()*+, C/+0 W): N0 W()*+, C/+0 C6)),0 A0 - C6)),0 L+?++0+
T 7((<+, 0? (< W()*+, C/+0 T6),(;) R0+( 7() ) 2''#2''% 0( 2'12-2'13+ R'. I! C#o#e'8
Y)
S R
N0 W()*+, C/+0R
W()*+, C/+0 T6),(;) R0+(
2''#-2''%
21'".3
!142.2
3.'1 0+5
2''%-2'1'
22%22.'
%!'#.
2.3# 0+5
2'1'-2'11
2!3''.
1'#4.2
2.4#4 0+5
2'11-2'12
31!#%.2
143'%.
2.210+5
2'12-2'13
3322!.
13'#3.'
2.3% 0+5
I,0)/)00+(,+ I, 0 ) 2''#-2''% 0 +) + 0 )0+( +. 3.'1 0+5. I0 +,8+90 0 (< +,;05,0 (7 <()*+, 9/+0 ,8 0 9(5/, /, 0( 00+, 5() /)(>0. B60 +, 0 ) 2'1'-2'11 0+5& <+9 +,8+90 +) +,;05,0 (7 W()*+, C/+0. F() 0 ) 2'11-2'12 ,8 2'12-2'13 0 + 9(5/)0+; +) 0, 0 )0 (7 0 ) .
25 | P a g e
26 | P a g e
4. RETURN
ON CAPITAL EMPLOYED
A >,,9+ )0+( 00 56) 9(5/, /)(>0?++0 ,8 0 9+,9 <+0 <+9 +0 9/+0 + 5/(8.R06), (, C/+0 E5/(8ROCE + 99608 : ROCEE),+, B7() I,0)0 ,8 T@ EBIT C/+0 E5/(8 H)& C/+0 E5/(8 S)(8) E6+0 D?0 L+?++0+. I, 0 +5/+>8 0)5 +0 9, ? 008 T(0 A0 = C6)),0 L+?++0+. A +) ROCE +,8+90 5() 9+,0 6 (7 9/+0. ROCE (68 ? +) 0, 0 9(5/, 9/+0 9(0& (0)<+ +0 +,8+90 00 0 9(5/, + ,(0 5/(+, +0 9/+0 90+; ,8 + 6,? 0( ,)0 )(8) ;6. T 7((<+, 0? (< R06), O, C/+0 E5/(8 7() ) 2''#-2''% 0( 2'12-2'13+
R'. I! C#o#e'8
Y)
E),+, C/+0 B7() I,0)0 E5/(8R $ T@ R
R06), O, C/+0 E5/(8Q
2''#-2''%
4!%3.3
1"31.%
2!.""
2''%-2'1'
3!.1
2322!."
23.'!
2'1'-2'11
#41.
23"%.2
24.4
2'11-2'12
!24.3
2!#.3
24.2%
2'12-2'13
"".
24#2.'
3'."4
I,0)/)00+(,+ I, 0 ) 2'12-2'13 )06), (, 9/+0 5/(8 + +) +. 3'."4Q.I, 9(5/)+, 0( /);+(6 ) 0 9(5/, ?, ? 0( ,)0 5() );,6. I0 + ?, , 00 9(,+0,0 0 9(5/, + )(<+, 70) ,8 0 )60 0 )06), (, 9/+0 ( +,9)8 .
27 | P a g e
2; | P a g e
5.
DEBT TO EUITY RATIO
T 8?0 0( 6+0 )0+(DE + >,,9+ )0+( +,8+90+, 0 )0+; /)(/()0+(, (7 )(8) 6+0 ,8 8?0 68 0( >,,9 9(5/, 0.D?0 0( 6+0 )0+( 9, ? 99608 7((<: DED?0 E6+0 H)& D?0 )/),0 L(, T)5 D?0 ,8 E6+0O<,) 76,8 R); $ 6)/6-A9965608 L(. T 7((<+, 0? (< D?0 0( 6+0 )0+( 7() 0 ) 2''#-2''% 0( 2''12-2'13+
R'. I! C#o#e'8
Y)
DEBT R
EUITY R
DEBT TO EUITY RATIO
2''#-2''%
1#.#
1214.%
.'1
2''%-2'1'
211.%
1"!%2.2
.'1
2'1'-2'11
1%3.4
2132'.2
.'%
2'11-2'12
21%1."
2432.
.'%
2'12-2'13
%.'
2422%.
.''
I,0)/)00+(,+ I, 0 ) 0 2'1'-2'11 $ 2'11-2'12 0 )0+( (7 8?0 0( 6+0 + .'%.A + 8?06+0 )0+( ,) 5, 00 9(5/, ?, )+; +, >,,9+, +0 )(<0 <+0 8?0.0+ 5 )60 +, ;(0+ ),+, )60 (7 0 88+0+(, +,0)0 @/,.S( +, 0 9(5/, ?, ? 0( ,)0 ),+, /(0,0+ +, 0 ?(; ) .
2? | P a g e
3 | P a g e
FINDINGS I, >,,9+ ) M)9 2''% C6)),0 R0+( ,8 6+9* R0+( + (< 9(5/)8 0( M)9 2'1' <+9 + ,(0 ((8 7() <()*+, 9/+0 +0 +5/5,0 5() +?++0+ 0, 96)),0 0 9 99 ,8 9(90+(, + <*. W()*+, C/+0 T6),(;) )0+( + + +, M)9 2''% 9(5/)8 0( M)9 2'1' <+9 +5/5,0 00 0 5,5,0 + ?+, 9+,0 +, 6+, >)5 ()0 0)5 0 ,8 +?++0+ 0( 6//()0 +, 5)9 2''%.
I, >,,9+ ) M)1' C6)),0 R0+( ,8 6+9* R0+( + + 9(5/)8 0( M)11 <+9 + ((8 7() <()*+, 9/+0 +0 +,;(; 9 99. W()*+, C/+0 T6),(;) )0+( + (< +, M)9 2'1' 9(5/)8 0( M)9 2'11 <+9 +5/5,0 ?6+, + +,;0+, +, 0(( 5, 99(6,0 )9+;? <+9 <(68 8 0( , @9+; 5(6,0 (7 ?8 8?0 ,8 (?(0 +,;,0()&<+9 + ,(0 ((8 7() ?6+,
I, >,,9+ ) M)11 C6)),0 R0+( ,8 6+9* R0+( + (< 9(5/)8 0( M) 12 <+9 + ,(0 ((8 7() <()*+, 9/+0 +0 +5/5,0 5() +?++0+ 0, 96)),0 0 9 99 ,8 9(90+(, + <*. W()*+, C/+0 T6),(;) )0+( + + +, M)9 2'11 9(5/)8 0( M)9 2'12 <+9 +5/5,0 00 0 5,5,0 + ?+, 9+,0 +, 6+, >)5 ()0 0)5 0 ,8 +?++0+ 0( 6//()0 +, M)9 2'11
I, >,,9+ ) M)12 C6)),0 R0+( ,8 6+9* R0+( + + 9(5/)8 0( M)13 <+9 + ((8 7() <()*+, 9/+0 +0 +,;(; 9 99. W()*+, C/+0 T6),(;) )0+( + (< +, M)9 2'12 9(5/)8 0( M)9 2'13 <+9 +5/5,0 ?6+, + +,;0+, +, 0(( 5, 99(6,0 )9+;? <+9 <(68 8 0( , @9+; 5(6,0 (7 ?8 8?0 ,8 (?(0 +,;,0()& <+9 + ,(0 ((8 7() ?6+,.
31 | P a g e
COMPANY PROFILE: ITC LIMITED
a. Na*e of &he Co*"a! ITC I=ITED (. ol/a&a-7 71 e. oa#) of D#e%&o#' oge'h Cha!)e# Dee'hwa# A > Ra$",&
Cha#*a! CEO Fe!o# J%e P#e')e!&- Co#"o#a&e A9a#' No! E0e%,&e D#e%&o# No! E0e%,&e D#e%&o# No! E0e%,&e D#e%&o# J%e P#e')e!& J%e P#e')e!& Chef O"e#a&!g OL%e# E0e%,&e J%e P#e')e!& E0e%,&e D#e%&o#
A!ga#a Je!/a&a B#$a >,*a# A!l a$al A!&ho! R,' A#f Na:ee( = F ha&!aga# R > Ra F Ka!a#)ha!a Re)) P#a)ee" Ja'a!& Dho(ale
3.2 Da&a A!al'' a!) I!&e#"#e&a&o!
P#e'e!&a&o! of Da&a P#o& lo'' of ITC &). ala!%e Fhee& of ITC &) . • A!al'' a!) <!)!g' Ra&o A!al'' Cha!ge' ! o#/!g Ca"&al Ne& wo#/!g Ca"&al •
• • •
RATIO ANALYSIS SHORT TERM SOLVENCY RATIO
32 | P a g e
Total Current Assets Total Current Liabilities
Current Ratio =
(Rs. IN CRORES)
Particulars
2011-12
2012-13
2013-14
Total Current ssets Total Current %ia&ilities Current Ratio
113!".32
142#0.01
1#0!$.4!
10"1!.#$
11##3.1'
12!1#.23
1.;3
1.223
1.246
C6)),0 R0+( 1.3 1.25 1.246 1.223
1.2
C,##e!& Ra&o 1.15 1.1 1.;3 1.5 1. 211-12
212-13
213-14
Interpretation : Stanar current ratio is 21. *ro+ t,e a&oe ta&le I see t,at Current Ratio is increasin/. It +eans t,at Solenc Position is &etter.
ci Test Ration =
Quick Assets Quick Liabilities
ere uic ssets = Sunr e&tors 5 Cas, at 6an 5 %oans 7 ances (Rs. IN CRORES) Particulars
2011-12
2012-13
2013-14
uic ssets
30$!.0#
$#"!.'1
'$3$.!"
uic %ia&ilities
10"1!.#$
11##3.1'
12!1#.23
ci Test Ratio
.2?3
.657
.677 33 | P a g e
A9+8 T0 R0+( .; .7 .657
.6
.677
.5 A%) Te'& Ra&o
.4 .3 .2?3 .2 .1 . 211-12
212-13
213-14
Interpretation : ci Test Ratio s,o8s t,at +easure+ent o9 S,ort ter+ Solenc Position o9 t,e Co+:an. It 8ill &e al8as 11 as Stanar Ratio. 6ut 9ro+ t,e a&oe ta&le I see t,at ci Test Ratio is &elo8 11 in
eer ear. T,is is not soun li;uiit :osition o9 t,e co+:an .
Net Sales Net Working Capital
ere net
2011-12
2012-13
2013-14
Net Sales
2"0!0.11
2!!01.2$
3323'.#0
Net
'$".#"
2"!#.'3
31'1.2#
2;.653
11.515
1.44;
34 | P a g e
W()*+,- C./+0.1 T6),(;4) R.0+( 35. 3. 2;.653 25. 2.
o#/!g Ca"&al T,#!oe# Ra&o
15. 11.515
1.
1.44;
5. . 211-12
212-13
213-14
Interpretation : ,i/, 8orin/ ca:ital turnoer ratio inicates e99icienc in utiliation o9 resource. In t,e ear 2011-12 8e see t,at ,i/,est 8orin/ ca:ital e>ist it s,o8s t,at co+:onent o9 8orin/ ca:ital is less utilie. In t,e 2012-13 7 2013-14 I see t,at 8orin/ ca:ital turnoer ratio ,as ecrease. T,is +eans t,at co+:onent o9 8orin/ ca:ital is +ore utilie 8,ic, is consiere as t,e ne/atie si/n 9ro+ t,e :oint ie8
o9 9inance.
LONG TERM SOLVENCY RATIO
e&t E;uit Ratio =
Total Debt Share Holders Fund
ere Total e&t= Secure %oans 5 ?nsecure %oans5 Total Current %ia&ilities S,are olers *un = Net
(Rs. IN CRORES)
2011-12 1.$$ $$.32
2012-13 0 ##.40
2013-14 0.14 "1
11?.67 1?;.; 1;73;.;4
11663.1; 1172?.6 222;7.;5
12?16.23 12?67.4 26252.2 35 | P a g e
.53?
e&t E;uit Ratio
.526
.4?4
D?0 E6+0 R0+( .55 .54 .53
.53? .526
.52
De(& E@,& Ra&o
.51 .5 .4?
.4?4
.4; .47 211-12
212-13
213-14
Interpretation : T,e e&t E;uit Ratio is 11. It i+:lies t,at 9or eer ru:ee o9 outsie lia&ilit e;ual to eer ru:ee o9 s,are,oler 9un. *ro+ t,e a&oe ta&le I see t,at e&t e;uit ratio /rauall ecreases 9ro+
.53? &o .526 a!) f#o* .526 &o .4?4. I& 'how' &ha& )e(& %a"&al )e%#ea'e'. Th' "o'&o! ' (e&&e# fo# &he %o*"a! .
Pro:rietar Ratio =
Shareholders Fund Total Assets
ere S,are,olers *un = Net
(Rs. IN CRORES)
Particulars
2011-12
2012-13
2013-14
S,are,olers *un
1'$3'.'4
222'$.'"
2#2#2.02
Total ssets
1''1$.!3
223"4.2"
2#313.1#
Pro:rietar Ratio
.??6
.??7
.??;
36 | P a g e
P)(/)+0) R0+( .??? .??;
.??;
.??; .??7
.??7
P#o"#e&a# Ra&o
.??7 .??6 .??6
.??6 .??5 .??5
211-12
212-13
213-14
Interpretation : Nor+al ratio o9 :ro:rietar ratio is 11. It is seen t,at t,e co+:an@s total s,are,olers
9un a::ro>i+atel e;ual to total assets. It is t,e stanar :osition o9 &usiness .
PROFITABILITY RATIO
Net Profit Net Pro9it Ratio = A 100 Sales
(Rs. IN CRORES) Particulars
2011-12
2012-13
2013-14
Net Pro9it
#1#2.3$
$41'.3!
'$'".21
Sales
3"24$.2"
2!!01.2$
3323'.#
Net Pro9it Ratio
17.4;
24.;1
26.43
37 | P a g e
N0 P)(>0 R0+(
17.4; 26.43
211-12 212-13 213-14
24.;1
Interpretation : Net :ro9it ratio 8ill &e nor+all create & eer co+:an "-10B. 6ut 9ro+ t,e a&oe ta&le I see t,at co+:an@s net :ro9it is +ore t,an 10B an /rauall increase eer ear. T,is is t,e /oo :osition o9 t,e co+:an.
O:eratin/ Pro9it Ratio =
Operating Profit A 100 Net Sales
(Rs. IN CRORES) Particulars
2011-12
2012-13
2013-14
O:eratin/ Pro9it
'!21.'1
10#2$."1
124"4.'4
Net Sales
2"0!0.11
2!!01.2$
3323'.#0
O:eratin/ Pro9it Ratio
35.55?
35.542
37.471
3; | P a g e
O/)0+, P)(>0 R0+(
35.55?
37.471
211-12 212-13 213-14 35.542
Interpretation : In 2011-12 an 2012-13 O:eratin/ Pro9it ratio al+ost sa +e. In 2013-14 O:eratin/ Pro9it
Ratio ,as /rauall increase to 37.471. I& ' &he (e'& "o'&o! ! eL%e!% .
ACTIVITY RATIO
e&tors Collection Perio =
Aerage Debtors A 3#" as Net Sales
ere era/e e&tor 9or 2011-12 = !'#.02 *or 2012-13 = (!'#.02511#3.34)2 = 10$4.#' *or 2013-14 = (11#3.34521#".3#)2 = 1##4.3" (Rs. IN CRORES) Particulars
2011-12
2012-13
2013-14
era/e e&tors
!'#.02
10$4.#'
1##4.3"
Net Sales
2"0!0.11
2!!01.2$
3323'.#0
e&tors Collection Perio
14
13
1;
3? | P a g e
D?0() C(90+(, P)+(8 2 1; 16 14 12 De(&o#' Colle%&o! Pe#o)
1 ;
1; 14
13
6 4 2 211-12
212-13
213-14
Interpretation : T,ere is in &ot, aera/e e&tors an sales. 6ut aera/e collection :erio ecreases in
2012-13 an increases in 2013-14. T,is s,o8s t,at cas, collection 9ro+ e&tors is not er /oo . Total ssets Turnoer Ratio =
Net Sales Total Assets (Rs. IN CRORES)
Particulars
2011-12
2012-13
2013-14
Net Sales
2"0!0.11
2!!01.2$
3323'.#0
Total ssets
1''1$.!3
223"4.2"
2#313.1#
Total ssets Turnoer Ratio
1.33
1.34
1.26
4 | P a g e
T(0 A0 T6),(;) R0+( 1.36 1.34 1.32
1.33
1.34
1.3
To&al A''e&' T,#!oe# Ra&o
1.2; 1.26
1.26
1.24 1.22 211-12
212-13
213-14
Interpretation : *ro+ t,e a&oe ta&le I see t,at total assets turnoer ratio ,as 9irstl increase an t,en ecrease. It s,o8s t,at :osition o9 t,e co+:an is sli/,tl /oo. Its sta&ilit :osition is not er /oo.
Net Sales *i>e ssets Turnoer Ratio = ¿ Assets
<,ere *i>e ssets = Net 6loc.
(Rs. IN CRORES)
Particulars
2011-12
2012-13
2013-14
Net Sales
2"0!0.11
2!!01.2$
3323'.#0
*i>e ssets
!0"3.#3
1120!.34
12012.$4
*i>e ssets Turnoer Ratio
2.77
2.67
2.77
41 | P a g e
F+@8 A0 T6),(;) R0+( 2.7; 2.76
2.77
2.77
2.74 2.72 2.7
<0e) A''e&' T,#!oe# Ra&o
2.6; 2.66
2.67
2.64 2.62 2.6 211-12
212-13
213-14
Interpretation : *ro+ t,e a&oe ta&le I see t,at *i>e ssets Turnoer ratio is 9irstl increases an t,en it ecreases. It s,o8s t,at :osition o9 t,e co+:an is sli/,tl /oo.
Current ssets Turnoer Ratio =
Net Sales Current Assets (Rs. IN CRORES)
Particulars
2011-12
2012-13
2013-14
Net Sales
2"0!0.11
2!!01.2$
3323'.#0
Current ssets
113!".32
142#0.01
1#0!$.4!
Current ssets Turnoer Ratio
2.2
2.1
2.6
42 | P a g e
C6)),0 A0 T6),(;) R0+( 2.25 2.2
2.2
2.15
C,##e!& A''e&' T,#!oe# Ra&o
2.1 2.1 2.5
2.6
2. 1.?5 211-12
212-13
213-14
Interpretation : 6etter current turnoer ratio is al8as /oo 9or t,e co+:an. T,e turnoer ratio is +oin/ :ositiel in t,e last t,ree ears. T,ere 8as increase in current assets as 8ell as in sales. 6ut /ro8t, rate o9 sales 8ere ,i/,er. 6ut t,e Current sset Turnoer Ratio is /rauall ecrease.
NET WORKING CAPITAL STTEDENT SO
2011-12
2012-13
2013-14
(a) Inentories
"#3$.'3
##00.20
$3"!."4
(&) Sunr e&tors
?;6.2
1163.34
2165.36
(c) Cas, 7 6an
14.5
3615
32;?.37
1?52.54
2;;1.47
32;3.22
;716.;?
1426.1
16?7.4?
61;.6
644.43
6?21.52
4411.7 151?.67
525;.75 11663.1;
5??4.71 12?16.23
-1;2.7;
25?6.;3
31;1.26
() C?RRENT SSET
() %oans 7 ances Total () (6)C?RRENT %I6I%ITIES (a) Current %ia&ilities (&) Proisions Total (6) NET
43 | P a g e
PROFIT $ LOSS STATEMENT ,8 BALANCE SHEET:
Profit Lo!! a""o#nt of ITC
$$$$$$$$$$$$$$$$$$$ in R!% Cr% $$$$$$$$$$$$$$$$$$$
Ba&an"e S'eet of ITC
$$$$$$$$ in R!% Mar ()* Cr% $$$$$$$$$$$$ Mar ()+
In"oe
Sales Turnoer So#r"e! Of F#n-! E>cise ut Total S,are Ca:ital Net Sales E;uit S,are Ca:ital Ot,er Inco+e S,are ::lication Done Stoc Gust+ents Pre9erence S,are Ca:ital Tota& In"oe Reseres E;pen-it#re Net.ort' Ra8 Daterials Secure %oans Po8er 7 *uel Cost ?nsecure %oans E+:loee Cost Tota& 5e6t Ot,er Danu9acturin/ E>:enses Tota& Lia6i&itie! Sellin/ an +in E>:enses Discellaneous E>:enses Preo:eratie E>: Ca:italise App&i"ation Of F#n-! Total E>:enses ross 6loc %ess Realuation Reseres %ess ccu+. e:reciation Operatin< Profit Net B&o"8 P6IT Ca:ital Total Current ssets E>tra-orinar ite+s %oans an ances P6T (Post E>tra-or Ite+s) *i>e e:osits Ta> Total C %oans 7 ances Reporte- Net Profit e9erre Creit Total Halue ition Current %ia&ilities Pre9erence iien Proisions E;uit iien Total C% 7 Proisions Cor:orate iien Ta> Net C#rrent A!!et! Per !'are -ata =ann#a&i!e-> Discellaneous E>:enses S,ares in issue (la,s) Earnin< Per S'are =R!>
E;uit iien (B) 6oo Halue (Rs)
Mar (),
12 +t,s Mar ()*
12 +t,s Mar ()+
12 +t,s Mar (),
12 +t,s 3323'.#0
12 +t,s 2!!01.2$
12 +t,s 3"24$.2"
0.00 $!".32 3323'.#0 $!".32 110$.14 0.00 12'.41 0.00 +*0*3*%)4 2"4##.$0
0.00 $!0.1' 2!!01.2$ $!0.1' !3'.$0 0.00 !3".'3 0.00 +)0334%21 214!$.#$
101"$.14 $'1.'4 2"0!0.11 $'1.'4 $#1.2" 0.00 14!.30 0.00 ,/0111%// 1$!"$.00
,/0,/,%1, 13"22.04 0.14 #13.1! "1.00 1#0'.3$ 4)%)* 0.00 ,/0+)+%)/ 0.00 Mar ()* "1#'."$ 12 +t,s 0.00
,,0,23%24 12"31.44 0.00 ""0.11 ##.40 13'$.01 //%*1 0.00 ,,0+4*%,4 0.00 Mar ()+ "$41.03 12 +t,s 0.00
)203+2%2* !!33.1! 1.$$ 4"3.1! $$.32 12#".41 37%17 #34.'0 )202)3%7+ 2#!1.41 Mar (), 133!.#0 12 +t,s 0.00
20!12.1$ 1'23!.#" Mar ()* 0.00 12 +t,s #22#.!1 ),0*4*%2* ),01),%3* 13"#1.!' 22!".$3 2.!" 202,+%*+ 13""!.03 $3"!."4 '!!.!2 21#".3# 0.00 32'!.3$ 12#"!.11 12'14.2$ 0.00 32'3.22 12#"!.11 0.00 3'$3.!0 1#0!$.4! 20324%,) 0.00 $3!0.13 #!21."2 0.00 "!!4.$1 4$$1.!1 12!1#.23 '10.!! +0)2)%,/
2020!."! 1##$!.1$ Mar ()+ 0.00 12 +t,s "4#!.'3 )10/,3%4) ))0,17%+* 11"##.21 14'$.$! '#.4$ 301/1%,7 114$!.$4 ##00.20 $!"."# 11#3.34 0.00 3#1".00 10#'4.1' 113$'."4 0.00 2''1.4$ 10#'4.1' 0.00 32#".$! 142#0.01 30*)2%+7 0.00 $#$'.1" #404.43 0.00 "2"'.$" 414'.4# 11##3.1' $0".03 ,047/%2+
1#31$.#0 13!2#.34 Mar (), "3.0" 12 +t,s 4'1!.## 207,)%2) 7014+%/+ !#'3.0# 2"$2.0# '$.02 /0+)/%47 !"!#.04 "#3$.'3 #!'."1 !'#.02 0.00 140."0 ''!$."3 #$#4.3" 2."1 1!"2."4 '!00.04 2#$'.43 2$3$.0' 113!".32 /0)/,%+3 0.00 #3'4.41 #10'.#0 0.00 4411.0$ 3"1'.2! 10"1!.#$ "$0.$" 234%/4
0.00 $!"31.'3
0.00 $!01'.33
0.00 $'1'4.24
))%14
7%+7
3%22
#00.00
"2".00
4"0.00
33.02
2'.21
23.!$
44 | P a g e
Tota& A!!et!
Contin/ent %ia&ilities 6oo Halue (Rs)
,/0+)+%)/
,,0+4*%,4
)202)3%7+
1!1#.00
2122.'3
2"33.#1
33.02
2'.21
23.!$
Interpretation : T,is ta&le s,o8s t,e net 8orin/ ca:ital :osition 9or t,e last t,ree ears. In t,e ear 2011-@12 net 8orin/ ca:ital s,o8s in ne/atie. It inicates t,at t,e a&ilit o9 t,e ITC co+:an to +eet t,e s,ort ter+ o&li/ation is er :oor. <,ereas in t,e ear 2012-@13 7 2013-@14 net 8orin/ ca:ital is :ositie. It inicates t,at t,e a&ilit o9 t,e ITC co+:an to +eet t,e s,ort ter+ o&li/ation is ,i/, an creitor acce:t
net 8orin/ ca:ital as +ar/in o9 sa9et an it inicates t,at t,e 9inancial solenc :osition o9 t,e co+:an .
Fin-in
(i) Since olu+e o9 sales is increase. So co+:an@s earnin/ 8ill also &e increase. (ii) Stanar current ratio is 21 &ut co+:an ratio is 1.241. T,is s,o8s co+:an@s solenc :osition is not so /oo. (iii) Stanar asset test ratio is 11 &ut co+:an@s ratio is 0.#$1. T,e co+:an ,as not e>cess li;uiit. (i)T,e e&tors o9 t,e co+:an 8ere ,i/,. T,e 8ere increasin/ ear & ear. So +ore 9uns 8ere &loce in e&tors. 6ut no8 recoer is &eco+in/ slo8l an steail. ()
S#<
It can &e sai t,at oer all 9inancial :osition o9 t,e co+:an is er /oo 9ro+ t,e :oint o9 ie8 o9 :ro9ita&ilit. T,e co+:an s,oul tr to increase t,eir s,are,olers 9un oer t,e total assets. Since o:eratin/ :ro9it ratio is ,i/, so t,e co+:an +ust tr to +ore increase in sale. Co+:an s,oul tr to increase t,e olu+e o9 sales to occu: t,e +aGor area o9 t,e +aret.
45 | P a g e
CHAPTER-4 CONCUFIONF AND RECO==ENDATION' 46 | P a g e
CHAPTER-4 CONCLUSION AND RECOMMENDATIONS
IPRO+ T 5,5,0 (7 <()*+, 9/+0 / ;+0 )( +, )6,,+, (7 69976 ?6+,. S(& 0+, (68 ( <+0 /)(/) 6,8)0,8+, 7() 5,+, 9 )9+;? ,8 +,;,0().
WIPRO LIMITED + 5,+, +0 <()*+, 9/+0 +, ((8 5,,) ?60 0+ 0) + 9(/ 7() +5/)(;5,0 +, +0 5,5,0. T+ 9, / 0 9(5/, +, )++, +0 /)(>0 ; ? 5*+, +,;05,0 +, 99(6,0 )9+;? ,8 0(9* 09. T+ <+ 60+50 +5/)(; 0 9+,9 (7 +0 (/)0+(,. F((<+, ) 7< )9(55,80+(, +;, 0( 0 9(5/, +, 9+;+, +0 8+)8 (?90+;. 47 | P a g e
T ?6+, )6, 69976 <+0 860 5(6,0 (7 0 <()*+, 9/+0 ?60 0 9(5/, (68 0( +0 00 9 (68 ,(0 ? 0+8 6/ +, @9+; 5(6,0 (7 <()*+, 9/+0.
T(6 0 /),0 05 + 5(0 /)790& 0 9(5/, 86 0( 0 +,9)+, (68 8(/0 5() 90+; 56) ( 0( 9(6,0) 0 0)0.
T +,;05,0 (7 9 +, 5)*0? 96)+0+ (68 ? +,9)8 +0 + ;) /)(>0? 7() 0 9(5/,.
H(8+, (7 @9+; ,8 +,69+,0 0(9* 560 ? ;(+88 +0 9)0 ?6)8, (, 0 9 )(6)9 (7 ?6+, ,8 )60 +, (0 & 8 7() 960(5) 09 )/90+;.
ITC I=ITED+ cees 10B an is /rauall increasin/ eer ear. T,e 8orin/ ca:ital o9 t,e co+:an is reucin/ 8,ic, is consiere 9ro+ t,e :oint o9 ie8 o9 9inance. *ro+ t,e a&oe collecte ata I +a sa t,e ITC Co+:an is in /oo :osition in +aret.
4; | P a g e
BIBLIOGRAPHY
BOOK NAME
AUTHOR
Fha'h >. B,"&a R.>. Fha#*a
I.=. Pa!)e
ACCOUNTINB
T. Ra*a%ha!)#a!
=ANABE=ENT ACCOUNTINB
R.F.N. Plla agaa&h
Da&a a#e %olle%&e) f#o* A!!,al Re"o#&' of IPRO I=ITED ITC I=ITED. 4? | P a g e
