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    Ipca Laboratories LTD

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    bhoopendrat
    This document contains an analysis of the financial statements of IPCA Laboratories Ltd for the fiscal year ending March 31, 2008. It includes the balance sheet, common size statement and various financial ratios like liquidity, turnover, leverage, profitability and valuation ratios. The current ratio was 3.77 indicating adequate short-term financial health. The return on equity and earnings per share were 23.22% and Rs. 56.44 respectively.

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    Ipca Laboratories LTD

    Uploaded by

    bhoopendrat
    71 views14 pages
    This document contains an analysis of the financial statements of IPCA Laboratories Ltd for the fiscal year ending March 31, 2008. It includes the balance sheet, common size statement and various financial ratios like liquidity, turnover, leverage, profitability and valuation ratios. The current ratio was 3.77 indicating adequate short-term financial health. The return on equity and earnings per share were 23.22% and Rs. 56.44 respectively.

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    Financial analysis of Ipca Laboratories Ltd

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    Ipca Laboratories Ltd

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    This document contains an analysis of the financial statements of IPCA Laboratories Ltd for the fiscal year ending March 31, 2008. It includes the balance sheet, common size statement and various financial ratios like liquidity, turnover, leverage, profitability and valuation ratios. The current ratio was 3.77 indicating adequate short-term financial health. The return on equity and earnings per share were 23.22% and Rs. 56.44 respectively.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    71 views14 pages

    Ipca Laboratories LTD

    Uploaded by

    bhoopendrat
    This document contains an analysis of the financial statements of IPCA Laboratories Ltd for the fiscal year ending March 31, 2008. It includes the balance sheet, common size statement and various financial ratios like liquidity, turnover, leverage, profitability and valuation ratios. The current ratio was 3.77 indicating adequate short-term financial health. The return on equity and earnings per share were 23.22% and Rs. 56.44 respectively.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 14

    IPCA LABORATORIES LIMITED

    FINANCIAL STATEMENT ANALYSIS

    BY,
    BHOOPENDRA TIWARI
    13 (A)
    BALANCE SHEET OF IPCA LABS. LTD. ON
    31 MARCH 2008

    SOURCES OF FUND AMOUNT (Rs.)


    SHAREHOLDERS FUNDS
    SHARE CAPITAL 25.09
    RESERVE AND SURPLUS 582.57
    607.70
    LOAN FUNDS
    SECURED LOANS 300.27
    UNSECURED LOANS 52.74
    353.01
    APPLICATION OF FUND AMOUNT
    Rs. (crore)
    FIXED ASSETS
    GROSS BLOCK 577.07
    LESS:ACCU.DEP. 163.66
    NET BLOCK 413.43
    CAPITAL WORK IN PROGRESS 127.61
    INVESTMENTS 31.91
    INVENTORIES 259.52
    SUNDRY DEBTORS 271.81
    CASH AND BANK 7.59
    LOANS AND ADVANCES 166.65
    TOTAL CURRENT ASSETS 605.57
    LESS: CURRENT LIABILITIES 160.30
    PROVISIONS 121.66
    NET CURRENT ASSETS 324.61
    MISSLEANEOUS EXPENSES 0.00
    TOTAL ASSETS 701.25
    COMMON SIZE STATEMENT OF IPCA LABS. LTD. ON 31 MARCH

    AMT.Rs. % AMT.Rs. %
    2008 2007
    NET SALE 1041.94 100 907.26 100
    LESS: COGS 435.79 41 397.23 42
    GROSS PROFIT (A) 606.15 58 510.03 56
    LESS: OPER. EXP. 392.96 37 322.15 35
    EBITDA 213.19 20 187.88 20
    LESS: DEP. & AMOR. 16.24 1.7 12.16 1.3
    EBIT 196.95 18 176.72 17
    LESS: INTEREST 8.52 .8 4.71 .5
    EBT 188.43 17 172.01 16
    LESS: TAXES 47.31 4 44.21 4
    EAT 141.12 14 127.80 14
    LIQUIDITY RATIOS
     CURRENT RATIO = CURRENT ASSETS
    CURRENT LIABILITIES
    = 605.42
    160.30
    = 3.77
    QUICK ASSET RATIO = QUICK ASSETS
    CURRENT LIABILITIES
    = 345.90
    160.30
    = 2.15
    TURNOVER RATIOS
    CAPITAL TURNOVER RATIO = NET SALES
    CAPITAL EMPLOYED
    = 1041.94
    986.16
    = 1.05
    FIXED ASSET TURNOVER RATIO = NETSALES
    NET FIXEDASSETS
    = 1041.94
    541.04
    = 1.92
    STOCK TURNOVER RATIO = COGS
    AVERAGE STOCK
    = 435.79

    245.86
    = 1.77
    DEBTOR TURNOVER RATIO
    = NET CREDIT SALES
    AVERAGE ACCOUNT RECIEVABLES
    = 1041.41(ASSUMPTION)
    226.39
    = 4.60
    AVERAGE COLLECTION PERIOD = 365 DAYS
    DEBTOR TURNOVER RATIO
    = 365
    4.60
    = 79.34 DAYS

    CREDITORS TURNOVER RATIO = NET CREDIT PURCHASES


    AVERAGE ACCOUNT PAYABLES
    = 66.69
    65.52
    = 1.01
    AVERAGE PAYABLES PERIOD = 365 DAYS
    CREDITOR TURNOVER RATIO
    = 365
    1.01
    = 361 DAYS
    LEVERAGE RATIO
    DEBT - EQUITY RATIO = DEBT (LONG - TERM LOANS)
    EQUITY(SHAREHOLDERS FUND)
    = 353.01
    607.70
    = 0.58
    INTREST COVERAGE RATIO = EBIT
    INTREST ON LONG TERM LOAN
    = 196.95
    20.08
    = 9.80
    DEBT TO TOTAL FUNDS RATIO = DEBT
    TOTAL FUND(EQUITY + DEBT)
    = 353.01
    960.71
    = 0.36
    PROFITIBILITY RATIO

    GROSS PROFIT RATIO = GROSS PROFIT X 100


    NET SALES
    = 606.15 X 100
    1041.94
    = 58.17
    NET PROFIT RATIO = NET PROFIT X 100
    NET SALES
    = 196.95 X 100
    1041.94
    = 18.90
     OPERATING RATIO = COGS+OPERATING EXPENCES
    NET SALES

    = 435.79+392.96 X 100
    1041.94
    = 828.75 X 100
    1041.94
    = 79.53
    .OVERALL PROFIBILITY RATIO
    RETURN ON INVESTMENT=
    NET PROFIT X 100
    CAPITAL EMPLOYED
    = 196.96 X 100
    986.16
    = 19.97
    RETURN ON EQUITY = EARNING AFTER TAX X 100
    EQUITY SHAREHOLDER;S FUND
    = 141.12 X 100
    607.70
    = 23.22
    VALUATION RATIOS
    EARNING PER SHARE =
    EARNING AFTER TAX
    NO.OF SHARE OUTSTANDING
    = 141.12
    2.5
    = 56.44
    PRICE EARNING RATIO =
    MARKET PRICE PER SHARE
    EARNING PER SHARE
    = 63.50
    56.44
    = 1.12
    MARKET VALUE TO BOOK VALUE RATIO
    = MARKET PRICE PER SHARE
    BOOK VALUE PER SHARE
    = 63.50
    45
    = 1.41

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