A

Project Report

On

“Ratio Analysis”

Atiksha Shyam Hiwale

Under the guidance of

Prof. Smita Bendale

In partial fulfillment of requirement for the award of degree

BACHELOR OF BUSINESS ADMINITRATION

Bhusawal Arts Science & P.O. Nahata Commerce College, Bhusawal, Dist.

Jalgaon

Kavayitri Bahinabai Chaudhari North Maharashtra University, Jalgaon

2024-25

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 Bhusawal Arts, Science & P.O. Nahata Commerce College, Bhusawal
Department of Commerce & Management

CERTIFICATE

This is to certify that the Project Report entitled “Ratio Analysis”. Has been submitted by Atiksha
Shyam Hiwale of T.Y.B.B.A. of Department of “Commerce & Management” of this Institute in the
partial fulfilment of 03 years’ full time “Bachelor’s Degree in Business Administration” (B.B.A.) of
Kavayitri Bahinabai Chaudhari North Maharashtra University, Jalgaon for the academic year 2024-25.

Prof. Smita Bendale Coordinator

[Link] Patil
(HOD)

Internal External

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 ACKNOWLEDGEMENT

This Project Report has been a great experience in terms of the opportunities it has
offered learning. It has given me a great pleasure to convey my acknowledgment and
express my gratitude to all associates related to Project Report for their proficient
endeavor.

The completion of the Project would have been impossible without profound support
and guidance of the Project Guide Prof. Smita Bendale. I express my sincere thanks for
the initial direction and continued help he rendered to the Project I am highly indebted
for this support.
I am thankful to responsible authority who allowed me to visit the Association
and also help me throughout my work period.

Atiksha Shyam Hiwale

[Link]

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 DECLARATION

I, Atiksha Shyam Hiwale student of Bachelor of Business Administration, Bhusawal,

Arts, Science and P.O. Nahata Commerce college, Bhusawal have given original data
and information to the best of my knowledge in the project report “Ratio Analysis”
under the guidance of [Link] Bendale.

I further declare that the project does not contain any part of work which has
submitted for the award of any degree to either this university or any other.

Atiksha Shyam Hiwale

(3rd Year BBA)

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 INDEX

1 INTRODUCTION Page No.

-Objectives of the Study
-Scope of the Study 2-8

-Importance of The Study

2 Company Profile 9-16

3 Conceptual Framework 17-30

4 Research Methodology 31-35

5 Data Analysis & Interpretation 36-48

6 Findings, Conclusion & Suggestions 49-52

7 Bibliography 53-54

8 Annexure 55-63

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CHAPTER NO: 1

INTRODUCTION

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 INTRODUCTION
● After preparation of the financial statements, one may be interested in knowing the
position of an enterprise from different points of view. This can be done by analyzing the
financial statement with the help of different tools of analysis such as ratio analysis,
funds flow analysis, cash flow analysis, comparative statement analysis, etc. Here I have
done financial analysis by ratios. In this process, a meaningful relationship is established
between two or more accounting figures for comparison.

● Financial ratios are widely used for modeling purposes both by practitioners and
researchers. The firm involves many interested parties, like the owners, management,
personnel, customers, suppliers, competitors, regulatory agencies, and academics, each
having their views in applying financial statement analysis in their evaluations.
Practitioners use financial ratios, for instance, to forecast the future success of
companies, while the researchers' main interest has been to develop models exploiting
these ratios. Many distinct areas of research involving financial ratios can be discerned.
Historically one can observe several major themes in the financial analysis literature.
There is overlapping in the observable themes, and they do not necessarily coincide with
what theoretically might be the best- founded areas

● Financial statements are those statements which provide information about

profitability and financial position of a business. It includes two statements, i.e., profit &
loss a/c or income statement and balance sheet or position statement.

● The income statement presents the summary of the income earned and the
expenses incurred during a financial year. Position statement presents the financial
position of the business at the end of the year.

● Before understanding the meaning of analysis of financial statements, it is

necessary to understand the meaning of ‗analysis ‘and ‗financial statements ‘.

● Analysis means establishing a meaningful3relationship between various items of the

two financial statements with each other in such a way that a conclusion is drawn. By
financial statements, we mean two statements- (1) profit & loss a/c (2) balance sheet. These
are prepared at the end of a given period of time. They are indicators of profitability and
financial soundness of the business concern.

● Thus, analysis of financial statements means establishing meaningful relationship

between various items of the two financial statements, i.e., income statement and position
statement

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 ● Parties interested in analysis of financial statements.
Analysis of financial statement has become very significant due to widespread interest of various
parties in the financial result of a business unit. The various persons interested in the analysis of
financial statements are:-

Short- term creditors They are interested in knowing whether the amounts owing to them will be
paid as and when fall due for payment or not.

Long –term creditors They are interested in knowing whether the principal amount and interest
thereon will be paid on time or not.

Shareholders They are interested in profitability, return and capital appreciation.

Management The management is interested in the financial position and performance of the
enterprise as a whole and of its various divisions.

Trade unions they are interested in financial statements for negotiating the wages or salaries or
bonus agreement with management.

Taxation authorities these authorities are interested in financial statements for determining the tax
liability.

Researchers They are interested in the financial statements in undertaking research in business
affairs and practices.

Employees They are interested as it enables them to justify their demands for bonus and increase
in remuneration.

You have seen that different parties are interested in the results reported in the financial
statements. These results are reported by analyzing financial statements through the use of ratio
analysis.

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 OBJECTIVES OF THE STUDY

● Evaluate Financial Performance – To assess the overall financial health of Simak IT Pvt.
[Link] key financial ratios.
● Analyse Profitability – To measure the company’s profitability through ratios like Gross
Profit Margin, Net Profit Margin, Return on Assets (ROA), and Return on Equity (ROE).
● Assess Liquidity Position – To determine the company’s ability to meet short-term
obligations using the Current Ratio and Quick Ratio.
● Examine Solvency and Leverage – To analyse the long-term financial stability and debt
management of company through the Debt-to-Equity Ratio and Interest Coverage Ratio.
● Measure Efficiency and Productivity – To evaluate operational efficiency using ratios like
Inventory Turnover, Fixed Asset Turnover, and Working Capital Turnover.
● Trend Analysis – To study financial trends over the past years and identify growth patterns
or financial risks.
● Industry Comparison – To benchmark company financial performance against competitors.
● Investment Decision Support – To help investors and stakeholders understand whether
company is a financially sound company for investment.
● Assess Financial Risk – To identify potential financial risks or weaknesses that could
impact the company’s sustainability.
● Provide Insights for Management Decision-Making – To assist Simak IT Pvt. Lmt.
management in strategic planning by highlighting areas of financial strength and
improvement.

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 SCOPE OF THE STUDY

● The study has great significance and provides benefits to various parties whom directly or.

● Indirectly interact with the company.

● It is beneficial to management of the company by providing crystal clear picture regarding.

● Important aspects like liquidity, leverage, activity and profitability.

● The study is also beneficial to employees and offers motivation by showing how actively
they

● Are contributing for company’s growth.

● The investors who are interested in investing in the company’s shares will also get
benefited by going through the study and can easily take a decision whether to invest or
not to invest in.
● The company’s shares.

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 IMPORTANCE OF STUDING RATIO ANALYSIS

Ratio analysis is a fundamental tool used in financial analysis to evaluate a company's

performance, financial health, and decision-making process. It helps stakeholders, including
investors, management, and creditors, to understand the financial position and operational
efficiency of a company. Below are the key reasons why ratio analysis is important:

1. Evaluating Financial Performance.

Ratio analysis helps in assessing a company’s profitability, liquidity, solvency, and efficiency by
analysing relationships between financial data. It provides a clear picture of how well the company
is performing over a period of time.

2. Assessing Profitability.

Profitability ratios such as Gross Profit Margin, Net Profit Margin, and Return on Equity (ROE) help
in evaluating how efficiently a company generates profit relative to its revenue, assets, or equity. A
high profitability ratio indicates a strong financial position.

3. Measuring Liquidity.

Liquidity ratios like Current Ratio and Quick Ratio determine a company’s ability to meet short-term
obligations. This is crucial for businesses to ensure they have enough liquid assets to cover
liabilities and avoid financial distress.

4. Understanding Solvency and Financial Stability.

Solvency ratios such as Debt-to-Equity Ratio and Interest Coverage Ratio assess the company’s
long-term financial stability and its ability to repay debts. A company with a lower debt-to-equity
ratio is considered financially stable.

5. Evaluating Operational Efficiency.

Efficiency ratios like Inventory Turnover Ratio, Asset Turnover Ratio, and Working Capital Turnover
Ratio measure how well a company utilizes its resources to generate revenue. High efficiency ratios
indicate effective management of assets and resources.

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CHAPTER NO: 2

COMPANY PROFILE

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 COMPANY PROFILE

Incorporated in 1942 at Wadala, Mumbai, Supreme Industries (SIL) was promoted by the family of

Kantilal K Mody. In 1996, the Taparia family took control of the company through outright

purchase of shares. SIL has been consistently increasing its capacities in the plastics processing

industry. Today it has one of the largest plastic processors in the country, with a product range

catering to both, the industrial and consumer segment. Over the years, it has gone into almost all

segments of plastic products and put-up plants at various locations in the country.

It manufactures injection-molded items, extruded items, industrial moldings, crates, furniture,

polyethylene foam and polypropylene foam, PVC pipes and fittings, multi-layer sheets and

products thereof, and multi-layer films. The company's operations are undertaken from Calcutta in

West Bengal, Hosur in Tamil Nadu, Jalgaon and Kanhe in Maharashtra. The company came out

with a rights issue in Jul.'93 to expand and upgrade its products and plant equipment. Its products

are used as components in automobile parts; in material handling as crates/boxes; and in

furniture as tables/chairs. In the refrigeration industry, they are used as doors/panels, and in the

packaging industry for packing edible and hydrogenated oils. The company bought assets of

Litelon Pvt. Ltd. in 1996 and Camphor Allied Products in 1998 that were manufacturers of

protective packaging products. In 2000, it sold its wholly owned subsidiary Premier Lighting

Industries. Supreme Oriented Films and Supreme Vinyl Films was amalgamated with the Supreme

Industries Ltd with the prior approval from the shareholders.

The move is to consolidate the group’s plastic packaging business under one company and also

to consolidate its marketing operations. Both the company shareholders were allotted shares in

the ratio of 1:90 for SVFL and 1:22 for SOFL. Siltap Chemicals Ltd amalgamated with the
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company during the year 2002-03. The ratio is fixed at 1:2 in favor of Supreme industries.
As we are introducing our self as SIGNET COMPUTERS Amravati, Maharashtra, having in the field

of providing IT consultancy to various government and corporate Dept. since last Five years.

Signet Computers provides comprehensive IT solutions and services, including systems

integration, information systems outsourcing, IT enabled services, package implementation,

software application development and maintenance services to corporations. In the Maharashtra

Signet is a leader in providing IT solutions and services for the corporate segment offering system

integration, network integration, software solutions and IT services. Our major Customers are 1.

Indian Rare Earth Ltd. (Department of Atomic Energy under Govt. of India) Mumbai 2.M S E D C L.

Ltd Morshi Division. District Amravati. 3. District Treasury Office Amravati and its Sub treasury

offices 4. District Treasury Office Yeotmal and its Sub treasury offices 5. Divisional Employment

and Self Employment Guidance Centre Amravati. The Division covers majorly five districts such as

Amravati, Akola, Buldhana, Washim and Yeotmal. It is an honor for us to work with offer said

department and we feel glad when we observe our working in the two consequent districts

situated in hilly and tribal region and those are Buldhana and Yeotmal. The credit of working

successfully in very remote areas of these two districts goes to our dedicated and hardworking

staff. 6. District Collector Office Amravati. 7. Integrated Tribal Development Dharni, Dist. Amravati.

8. Integrated Tribal Development Pandharkawada, Dist. Yeotmal. 9. Employees State Insurance

Corporation of India.

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Company Name: - Simak IT Pvt. Ltd.

Company Address: - Unit No.3, Gat No.47-48, At Post Gadegaon Tal- Jamner, Jalgaon.

Contact No. 0257 3050657.

Website: -[Link]

BOARD OF DIRECTORS.

B. L. Taparia, Chairman V. K. Taparia.

Executive Director: Y. P. Trivedi.

Director: M. P. Taparia.

Managing Director: S. J. Taparia.

Executive Director: B.V. Bhargava.

BANKERS

● Central Bank of India

● Axis Bank Ltd.
● BNP Paribas
● ICICI Bank Ltd.

AUDITORS
M/s. Chhogmal & Co. Chartered Accountants.

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MISSION OF THE ORGANIZATION

“Every Company seeks to excel. Yet, we see ourselves as having an even more significant
role to play. By expanding our capability in technology and product development and exploring new
challenges, we hope to chart a new course of possibilities. Beyond excellence we seek break
through that will enhance our leadership in the industry.”

MISSION STATEMENT

●To conduct business with ethical practices and WALK OUR TALK.
●To offer consistent Products and Services with uncompromising quality
supported by continuous improvements and innovations there by exceeding
Customers expectation.
●To ensure the cloture of utmost respect and empowerment to individuals can be a catalyst in
enhancing their competencies

GLOBAL VISION

Subscribing to the “one world, one market” view, suprema’s holistic approach to business is
expressed in its global success.

Strategic technological alliances with leaders reflect our commitment to making products of
uncompromising quality. Products that, in turn, are well received in the most discerning
international markets.

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NETWORK OF THE ORGANIZATION

UNITS OF Simak IT COMPANY.

Derabassi Khopoli
Durgapur Khushkheda
Gadegaon Malanpur
Guwahati Nandesari
Halol Noida
Hosur Pondicherry
Jalgaon Silvassa

OFFICE OF Simak IT COMPANY: -

Ahmadabad, Hyderabad, Cochin, Kanpur,

Hyderabad, Kolkata, Bangalore, Mumbai,
Indore, New Delhi.

ANCILLARY UNIT AT: -

● Sangali

GROUP UNIT AT: -

● Amdoshi.

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ABOUT PLASTIC PIPING SYSTEM HAVE Simak IT.

Simak has led the way in the development of plastic piping systems in India. Having pioneered
the SWR system for soil, waste and rainwater, Supreme has been at the forefront of developing
products for other areas of water management as well. Irrigation, bore wells, potable water,
building water supply and plumbing, even rainwater harvesting is some of the some of these
applications. Lightweight, durable and non-corrosive, with excellent flow characteristics, these
products have provided the ideal cost-effective alternative to conventional GI, CI, stoneware
and AC systems.

Simak advanced manufacturing facilities, with capacity of over 43,000 TAPS of pipes and
7,000 TAPS of fitting, utilize technology licensed from Wavin Overseas bevy of the Netherlands.

Exporting to over twenty countries world-wide, including the UK, Australia and the Middle East,
Africa & Indian Sub-continent.

An ISO 9001 certified plant with a prestigious license to produces pipes as per A/S 25 standard
issued by SAI GLOBAL AUSTRALI.

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3
CHAPTER NO: 3

CONCEPTUAL FRAMEWORK

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 CONCEPTUAL FRAMEWORK

Ratio Analysis is one of the most important financial tools which analyzing the financial strengths
and weakness of the enterprises. The term “ratio‟ refers to the quantitative relationship between
two variables. It is a very much helpful in financial forecasting. It does not provide an end in itself,
but only a means to understand the financial position of the business concern. Through the
quantitative measurement, ratio analysis implies the process of computing, determining and
presenting the relationship of various items of financial statements. This is very much useful tool
to analysis the financial statements. From the above, I choose the ratio analysis as a tool of
financial performance analysis which perfectly reveals overall performance of five years of the
firm.

MEANING OF RATIO: -

A ratio is a simple arithmetical expression of the relationship of one number to another. According
to Accountants Handbook by Wixon Kell and Bedford, a ratio is an expression of the quantitative
relationship between two numbers. In short it can be defined as the indicated quotient of two
mathematical expressions. The ratios can be expressed in

● Percentage
● Fraction
● Proportion of numbers.

DEFINITION: -

“A ratio analysis is a technique of ascertaining and interpreting the numerical

relationship of the two relevant items presented in the financial statement.”

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CLASSIFICATION OF RATIOS: -

The ratios may be classified under various ways, which may use various criterions to do the
same. However, for the convenience purpose, the ratios are classified under following groups. The
functional classification of ratios considers the basis. Aspects of business activity as under
generally ratios are classified on the following functional classification.

Classification of
Ratios

Activity or
Turnover Profitability Leverage
Ratio Ratio
Ratio
Liquidity
Ratio

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RATIOS CAN BE CLASSIFIED AS FOLLOWS:-

1. Liquidity ratio: - Measure the ability of the enterprise to pay its debts as they

mature.

2. Activity (or turnover) ratio: - Measure how effectively the enterprise is using its

assets.

3. Profitability ratio: - Measure management's success, ingenerating returns for

those who provide capital to the enterprise.

4. Leverage ratio: - This is calculated to judge the long-term financial position of the

firm. These ratios indicate mix of fund provided by owners and lenders.

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 1. LIQUIDITY GROUP: -

The ratios computed under this group indicate the short-term position of the organization and also
indicate the efficiency with which the working capital is being used. Commercial banks and short-
term creditors may be basically interested in the ratios falling under this group.

● Current Ratio: -

Current Ratio measures short term debt paying ability. It indicates the availability of current assets
in rupee of current liability. A ratio greater than one means that the firm has more current assets
and current claims against them. A generally acceptable current ratio is 2 to 1. But whether or not a
specific Ratio is satisfactory depends on the nature of the business and the characteristic of its
current assets and liabilities. A current ratio of 2:1 is supposed to be standard and ideal.

Current Asset = (Inventory + Debtors +cash and Bank Balance +Loan and Advance s)

Current ratio= current asset/ current liabilities

Current Liabilities=
(Cash Credit + Creditors +Outstanding Expenses+)

● liquid ratio or acid test ratio: -

A Quick ratio is a more penetrating test of liquidity. It is a refined measure of the short-term debt

paying ability by measuring short term liquidity. By excluding inventories, its ability of the business

to meet its current obligation even when the sales revenue disappears. A Ratio of 1:1 is considered

to represent a satisfactory current financial condition;3 however, it does not necessarily imply sound

liquidity position.
 2. TURNOVER RATIO: -

Ratios computed under this group indicate the efficiency of the organization to use the various
kinds of assets by converting them in the form of sales.

● Working Capital Turnover Ratio: -

Working capital turnover ratio=net sales/Gross working capital

This ratio
measures the number of times the working capital is turned over during the year. In a way this ratio
also throws light on operating cycle (conversion of current assets into cash) of the company. A low
ratio indicates slow moving operating cycle where as a high level implies that the company’s
current assets are utilized efficiently.

Gross Working capital = [Current Asset-Current liabilities]

● Inventory or Stock Turnover Ratio: -

This ratio finds out the number of times inventory is turned over on an average in a year. This ratio
is calculated for findings at what extent the inventory has been utilized efficiently and what
proportion of Working Capital has been locked up in inventory.
Cost of goods sold = sa les - Gross profit
Average inventory = Opening inventory + closing inventory / 2

Stock turnover ratio=Cost of goods sold/ Avg. inventory.

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 ● Fixed Assets Turnover Ratio: -

Fixed asset turnover ratio=net sales/ fixed asset

This ratio
indicates the extent to which investments in the fixed asset contribute towards sales. If compared
with a previous period, it indicates whether the investment in the fixed assets has been judicious or
not.

● Total Asset Turnover Ratio: -

Total asset turnover ratio= Net sales/ Total asset.

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 3. PROFITABILITY GROUP: -

Profitability reflects the final result of business operations. Profitability ratios are calculated to
measure the operating efficiency of the company. Beside management of the organization,
creditors and owners are also interested in the profitability of the firm.

● Gross Profit Ratio: -

Gross profit ratio= gross profit/net sales *100

The gross profit ratio

indicates the relation between production cost and sales and efficiency with which the goods are
produced or purchased. A high gross preformationary indicate that the organization is able to
produce or purchase at a relatively lower cost.

● Net Profit Ratio: -

This ratio is the overall measure of the firm’s ability to turn each rupee sales into Net profit. If the
net margin is inadequate, the firm will fail to achieve satisfactory return on shareholder funds. This
ratio also indicates the firm’s capacity to with stand adverse economic conditions.

Net profit ratio=Net profit / Net sales*100

A firm with a
higher net margin ratio would advantage position to survive in the face of falling selling price, rising
cost of production or decline demand for the product of net profit

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 ● Debt-equity Ratio: -

Debt-equity ratio indicates the state of shareholders or owners in the organization vis-à-vis that of
the creditors. It indicates the cushion available to the creditors on liquidation of the organization. A
high debt-equity ratio may indicate that financial status of the creditors is more than that of the
owners. A very high debt-equity ratio may make the proportion of investment in the organization a
risky one. On the other hand, a very low debt equity rate may mean that the borrowing capacity of
the organization is being underutilized.

Debt Equity Ratio=External liabilities / Shareholders Fund.

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BALANCE SHEET.

The Balance sheet shows the financial status of a business. The registered companies are to follow part
1 of schedule VI of company‘s \ act 1956 for recording Assets and Liabilities in the Balance Sheet.

Format of Balance Sheet as prescribed by companies Act.

Liabilities Assets

Share Capital Advances Fixed assets

Secured loans Investments

Reserve &Surplus Current Assets, Loan

Unsecured Loans Advances

Current Liabilities & provision Misc. Expenditures & Losses

Liabilities: -

Liabilities defined very broadly represent what the business entity owes to other.

Share capital: -

There are two type of share capital: -

Equity Capital
Preference Capital

Equity Capital represents the contribution of the owners of the firm.

Preference capital represents the contribution of preference shareholders and the

dividend rate payable on it is fixed.

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Reserve & Surplus: -

Reserve & Surplus are profits, which have been retained by the firm reserves, are two types,
revenue Reserve and Capital Reserve. Revenue Reserve represents accumulated retained earnings
from the profits of normal business operations. Capital reserve arises out of gains, which are not
related to normal business operations. Surplus is the balance in the profit and loss account, which
has not been appropriated to any particular reserve account. Reserve and surplus along with
equity capital represent Owner s equity.

Secured Loans: -

These denote borrowings of the firm against which specific securities have been provided. The
important components of secured loans are debentures, loans from financial institutions and
loans from commercial banks.

Unsecured Loans: -

These are borrowing of the firm against which no specific security has been provided. The major
components of unsecured loans are fixed deposits, loans and advances from Promoters, Inter-
Corporate borrowings and unsecured loans from Banks.

Current Liabilities and Provision: -

Current Liabilities and Provision as per the classification under the companies Act, Consists of
the Following amounts due to the suppliers of goods and services brought on credit, and Advance
payments received, accrued expenses. Unclaimed dividends, Provisions for taxed, Dividends,
Gratuity, Pension etc.

Assets: - Assets have been acquired at a specific monetary cost by the firm for the conduct of its
operation.
Fixed Assets: - These assets have two characteristics. They are acquired for use over relatively
long period for carrying on the operations of the firm and they are ordinarily not meant for resale.
Examples for fixed assets are land, building, plant, Machinery, patent & Copyrights.
Investments: - These are financial securities owned by the firm. Some investments represent long-
term commitments of funds. Usually those are the equity shares of other firms held for income
and control purpose. Other investments are short term in nature and are rightly classified under
current assets for managerial purpose. 3
Current Assets, Loans and Advances: - This category consists of cash and other resources, which
get converted into cash during the operating cycle of the firm current assets, are held for a short
period of time as against fixed assets, which are held for relatively longer periods. The major
component of current Assets is: cash, debtors, inventories, loans and advances and pre-paid
expenses.

LIMITATIONS TO STUDY IN RATIO ANALYSIS

Though ratio analysis technique has got number of advantages, it attracts equal number of

disadvantages too. Some of important advantages are as follows:

The ratios of the other organization May not be readily available.

Different accounting policies may be followed by the constituent

organization in the industry.

The constituent organization in the same industry may vary from each

other in terms of age, location, extent of automation, quality of management

and so on

The technique of ratio analysis may prove to be inadequate in some

situation if there is difference of opinions regarding the interpretation of

certain items while computing certain ratios.

Thus, the ratio analysis points out the financial condition of business whether it is very strong,

good, questionable or poor and enables the management to take necessary steps.

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 ADVANTAGES OF RATIO ANALYSIS

Helps simplify complex figures and establish relationships

Ratios help in the analysis of complex accounting figures and the identification of their
relationships. They aid in the appropriate summarization of financial data and the assessment of
managerial efficiency, creditworthiness, and earning capability, among other things.

Helps in comparative analysis

Ratios make it easier to compare the execution of a process or objective with its specified criteria
to determine if it is better or worse. The profitability, liquidity, and different elements of a business
can be compared in this way:
● for accounting with itself
● in collaboration with other businesses
● following the firm’s or industry’s norms

Indicates efficiency

Inventories turnover and sales turnover ratios are examples of ratios that can be used to
determine how successfully a company is utilizing its resources and assets to produce sales or
deplete inventory. If these ratios are greater, the company is more efficient; however, if they are
decreasing over time, it could indicate that stock is building up, the item is becoming obsolete, or
the marketing or sales strategy is inadequate, among other things.

Determines solvency

These ratios are useful in determining whether the company’s assets are sufficient to meet the
company’s short and long-term viability.

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Determines liquidity

Ratio analysis indicates how much money a firm has invested in cash and is useful in
determining how much money the company could create on short notice to meet an unforeseen
catastrophe. A significant investment in liquid assets, on the other hand, may indicate that the
corporation is missing out on higher returns from less liquid securities. As a result, the proper
amount of liquidity is desired.

Indicates performance in the market

Ratios can be used to determine if a firm is overvalued or undervalued compared to its peers. It
thus aids management in determining how a company’s success relates to its share value and
what kind of long-term strategy should be pursued. It also helps investors determine whether they
should buy the stock at the current degree of risk.

Reviews profit

Ratios assist in determining how much a firm is worth investing in. If the net profit margin is low,
but the gross profit margin is high, it indicates that the company’s expenditures are higher than
normal and that the company should analyses them to see if there is room for improvement.

Aids strategic planning

Once management studies the ratios, they can engage in strategic planning, such as capital
growth-related initiatives or leasing rather than buying a fixed asset. By combining the data with
future market projections, management may design a long-term expansion strategy that can be
implemented in stages over time.

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CHAPTER NO: 4

RESEARCH METHODOLOGY

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 RESEARCH METHODOLOGY

“A careful investigation or enquiry especially through search for new facts in any branch of
knowledge.”

MEANING: -

Research methodology is a way to systematically solve the research problem. It may be

understood as a science of the study how research is done scientifically. The various states that
are generally adopted by researcher in study his research problem along with the logic behind
them. It is necessary for the researcher to know not only the research method or techniques but
also the methodology. Thus, when we talk of research methodology, we not only talk at the
research methods but also consider the logic behind the methods we use in the contest of our
research and explain why we are using particular method or techniques and why we are not using
other so that research is capable of being evaluate either by research himself or by other.

DATA COLLECTION: -

There is different source of collection data. This is the first stage in statistics. Before deciding the
source to collect the data one has to make a proper planning of investigation and the purpose of
inquiry.

PRIMARY DATA: -

Primary data are original and firsthand information. The source of such information is the
individuals and the incidents around them generally.

● Information relating to the project was collected during formal and informal discussions
with the General Manager (Finance).
● Queries arising in due course of the project brought into the notice of concerned authority
and necessary explanation and solutions are adapted.

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SECONDARY DATA: -

The source of information through documents concerning individuals and institutions are known
as secondary data or documentary source.

Secondary data is generated with the help of following:

Annual Report: Majority of information gathered from the annual reports of the company. These
include annual reports of the year, 2020-21, 2021-22 & 2022-23

Reference Books: Theory relating to the subject matter and various concepts taken up from
various financial reference books. The company information like history, Product Profile collects
as per information.

Internet website-
[Link]

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 LITERATURE REVIEW

Review of Literature refers to the collection of the results of the various researches relating to the
present study. It takes into consideration the research of the previous researchers which are
related to the present research in any way. Here are the reviews of the previous researches related
with the present study.

Bollen (1999) conducted a study on Ratio Variables on which he found three different uses of
ratio variables in aggregate data analysis:

● As measures of theoretical concepts,

● As a means to control an extraneous factor, and

● As a correction for heteroscedasticity.

In the use of ratios as indices of concepts, a problem can arise if it is regressed on other indices
or variables that contain a common component. For example, the relationship between two per
capital measures may be confounded with the common population component in each variable.
Regarding the second use of ratios, only under exceptional conditions will ratio variables be a
suitable means of controlling an extraneous factor. Finally, the use of ratios to correct for
heteroscedasticity is also often misused.

Only under special conditions will the common form forgers soon with ratio variables correct for
heteroscedasticity. Alternatives to ratios for each of these cases are discussed and evaluated.

Cooper (2000) conducted a study on Financial Intermediation on which he observed that the
quantitative behavior of business-cycle models in which the intermediation process acts either as
a source of fluctuations or as a propagator of real shocks. In neither case do we find convincing e
v i d e n c e that t h e intermediation p r o c e s is and I m p o r t a n t e l e m e n t of aggregate
fluctuations. For an economy driven by intermediation shocks, consumption is n to smoother than
output, investment is negatively correlated with output, variations in the capital stock are quite
large, and interest rates are procyclical. The model economy thus fails to match unconditional
moments for the U.S. economy. 3

We also structurally estimate parameters of a model economy in which intermediation and

productivity shocks are present, allowing for the intermediation process to propagate the real
shock. The unconditional correlations are closer to those observed only when the intermediation
shock is relatively unimportant.

Bansal and Gupta (1985) in their study entitled, “Financial Ratio Analysis and Statistics”
enlightened that the coefficient of variation in the study period had a wide gap varying between
7.1 per cent and 51.3 per cent for current ratio and ratio of fixed assets to sales.

The correlation of components of short-term liquidity ratio generally possesses low correlation as
against long term solvency ratio components but the components of both ratios independently
possess quite satisfactory correlation in cotton textile industry. The profitability ratio elements in
the industry also have quite high correlation in cotton industry as compared to synthetic industry.

3
 CHAPTER NO: 5

DATA ANALISIS & INTERPREDATION

3
 DATA ANALISIS & INTERPREDATION
1. Current Ratio= Current Assets / Current Liabilities

Current Assets = (Inventory + Debtors +cash and Bank Balance +Loan and Advances)

Current Liabilities = (Cash Credit+ Creditors +Outstanding Expenses + bills payable)

YEAR CURRENT CURRENT RATIO

ASSETS LIABILITIES
2020-21 ₹88,968 ₹70,444 1.26%

2021-22 ₹83,009 ₹92,748 0.89%

2022-23 ₹1,41,178 ₹97,496 1.17%

1.4
1.2

1.26 1
1.17
0.8

0.89 0.6
0.4
0.2

2020-2021 2021-2022 0
RATIO 2022-2023

3
Analysis:
The above table indicate that in the year 2020-21 the ratio is 1.26, 2015-16 0.89 for year 2021-22 1.17 for year
2022-23 is 1.26. It indicates the proportion of current assets available for meeting the current liabilities.

Interpretation:
This ratio indicates the solvency of the business current ratio in 2020- 2021 is 1.26 in the year. The
proportion of above current ratios indicates that the liquidity position of the company is
satisfactory. Because of these current ratios are higher than standard, these current ratios are
higher due to current assets are more than current liabilities.

2. WORKING CAPITAL TURNOVER RATIO:-

It is calculated as,

Working capital Turnover Ratio =Net sales / Net Working Capital. Working Capital = [Current Asset

- Current Liabilities]

YEAR NET SALES NET WORKING RATIO

CAPITAL
2020-21 ₹4,21,899 ₹ 30,282 13.93%

2021-22 ₹2,96,006 ₹ 4,838 61.18%

2022-23 ₹4,46,177 ₹31,075 14.35%

3
 70
60
50
40
30
20
10
0

RATIO
YEAR
2020-2021 2021-2022
2022-2023

Analysis: -

As par the above calculation working capital in 2020-21was 58.82 and 13.93. In year 2021-22 it
was 61.18 and year 2022-23 it was 14.35. In above calculation up to first three-year ratio got
increased but in 2020-2021, 2021-2022and 2022-23 it has decrease.
3
Interpretation:

High working capital turnover ratio indicates the capability of the organization to achieve
maximum sales with minimum investment in working capital. In above calculation up to first three-
year (2021-22, 2022-23,) ratio has increased but in 2021-22, 2022-23 and 2022-23 there was
fluctuation in Milk and milk product prices therefore ratio got reduced

3
 3. INVENTORY TURNOVER RATIO: -

It is calculated as,

=cost of goods sold /average inventory

YEAR COST OF GOOD SOLD AVERAGE RATIO

INVENTORY
2020-21 ₹4,07,668 ₹77,679 5.24%

2021-22 ₹36,770 ₹55,785 0.65%

2022-23 ₹53,719 ₹46,270 1.16%

6
5
4
3
2
1
0

2020-2021 2021-2022
2022-2023

0.65 1.16 5.24 RATIO YEAR

. 3
Analysis:

As per the above calculation inventory ratio in year 2020-21 it was 5.24, in year 2021-22 ratio was 0.65 and in
year 2022-23 it was 1.16, it was increased as compare to last three years.

Interpretation:

The ratio shows that the company’s investment in inventories is less than its total sales. As
compared to previous year, the company utilizing its inventory more effectively & vice versa. It is
difficult to establish the standard ratio of inventory because it will differ from industry to industry.

4. FIXED ASSET TURNOVER RATIO: -

It is calculated as,

=Net sales/Fixed assets

[Rs. In Lacks]

YEAR NET SALES FIXED ASSETS RATIO

2020-21 ₹4,21,899 ₹1,03,250 4.08 Time

2021-22 ₹2,96,006 ₹1,18,465 2.50 Time

2022-23 ₹4,46,177 ₹1,26,330 3.53 Time

3
 4.5
4
3.5
3
2.5
2
2020-2021 2021-2022
1.5 2022-2023
1
0.5
0
YEAR RATIO

4.08

3.53

2.25

Analysis:

In the year 2020-21, year 2020-21 year 2021-22, ratio was 4.08, 2.05, and 3.53. In the above
calculation fixed assets ratio were decreased at Three year excluding year 2020-21. In that year
ratio was less as compared previous year i.e., 4.08

Interpretation:
3
Compared with a previous period, it indicates that the investment in the fixed assets has been
judicious. Ratio has high at current year (i.e., 4.08) compared with previous year and high fixed
asset turnover ratio indicates capabilities of the organization to achieve high sales with the
minimum investment of fixed assets.

3
 5. TOTAL ASSET TURNOVER RATIO: -

It is calculated as,

=Net sales/Total asset

[Rs. In Lacks]

YEAR NET SALES TOTAL ASSETS RATIO

2020-21 ₹4,21,899 ₹2,26,910 1.85%

2021-22 ₹2,96,006 ₹2,33,180 1.27%

2022-23 ₹4,46,177 ₹2,67,543 1.67%

1.8
1.85
1.6 1.67
1.4

1.2 1.27

0.8

0.6

3
 2020-2021 2021-2022
2022-2023

RATIO

YEAR

Analysis:

Total asset ratio 2020-21 was 1.85, 1.27 and in year 2021-22, and 2022-23 it was 1.67. In the above calculation
asset turnover ratio was decrease in trend. In year 2022-23 it has slightly reduces compared to previous year, then
again decreased.

Interpretation:

In year 2021-22 low ratio (i.e., 1.27) of debt to total asset is desirable from the point of the creditors
as there is sufficient margin of safety available to them. But their implications for the shareholders
are that debt is not being exploited to make available to them the benefit of trading on equity. A firm
with a very high ratio at year 2020-21 (i.e., 1.85) would expose the creditor’s higher risk. Which
indicates that organization can be decreased its profit and owners share with the help of total
assets.

6. GROSS PROFIT RATIO It: -

Is calculated as,

=Gross profit/Sales*100

[Rs. In Lacks]

3
 YEAR GROSS PROFIT SALES RATIO

2020-21 ₹61,470 ₹4,21,899 14.57%

2021-22 ₹44,283 ₹2,96,006 14.96%

2022-23 ₹73,937 ₹4,46,177 16.57%

3
 2020-2021 2021-2022 17.00
2022-2023 %
16.57% 16.50
%
16.00
%
RATIO 15.50
YEAR
14.96% %

14.57%

Analysis: -

The Company’s profitability has grown up (2021-22) as compared to previous year (2021-22) and
(2020-21) it was stable at next three year cleared from the ratios calculated above. Gross profit ratio
was slight Increase at current year i.e., 16.57.

Interpretation: -

In the current (2021-22) year sale has increase to large extent but purchase cost has more compared
to sales. Hence gross profit ratio was slight decreased through current three year.

3
 7. NET PROFIT RATIO

● It is calculated as,

● = Net Profit / Sales * 100

Net profit = Sales - operating expenses.

YEAR NET PROFIT SALES RATIO

2020-21 ₹31,571 ₹4,21,899 7.48%

2021-22 ₹21,150 ₹2,96,006 7.15%

2022-23 ₹37,717 ₹4,46,177 8.45%

9.00
%
8.50
%
8.00
%
7.50
%

8.45%

2020-2021 2021-2022
2022-2023
7.48%

7.15%

RATIO YEAR

3
Analysis: -

Net profit is same at year 2020-21 and 2021-22 i.e., 7.48 and 7.15 bat year and 2022-23, i.e., 8.45. The net Profit
has stable at year 2020 to 2023.

Interpretation: -

This ratio shows the earning left for shareholders as a percentage of net sales and measures overall efficiency of
all the function of the business firm like production, administration, selling, financing etc. In current year ratio was
much increased as compared previous year earnings are more and it denotes that the higher profitability.

8. DEBT EQUITY RATIO: -

It is calculated as,

=External Liabilities / Shareholders Fund.

Shareholders Fund = Share Capital + Reserves and surplus

[Rs. In Lacks]

YEAR EXTERNAL LIABILITIES SHAREHOLDES RATIO

2020-21 149 ₹2,541 0.05

2021-22 154 ₹2,541 0.06

2022-23 180 ₹2,541 0.07

3
 0.08
0.07
0.06
0.06
0.05

0.04 2020-2021 2021-2022

2022-2023
0.02

0.00
RATIO YEAR

Analysis: -

In year 2021-22 ratio was 0.07, S0 high ratio shows a large share of financing by the creditors of
the firm. In year 2020-21 ratio was 0.05 so, Low ratio indicates smaller claims of creditors. Debt
Equity ratio was in year 2021-22 slight decrease as compared previous year i.e., 0.05, it was much
increased as compared previous year 2021-22i.e., 0.07. And year 2021-22 it was increased at
0.06. And in the year 2022-23it also increased by 0.07.

Interpretation: -

3
It has important implications from the viewpoint of the creditors, owners and the firm itself. The
ratio reflects the relative contribution of creditors and owners of the firm. In this firm current year, a
ratio increase will indicate that the firm is taking risk and is mainly using shareholders‟ funds for
financing its required.

3
CHAPTER NO: 6

FINDINGS, CONCLUSION,
SUGGESTIONS

3
 FINDINGS

● Companies gross profit has increase at current year as compared to three previous years because
of purchasing cost is large as compared to the sales and increasing production cost as
compared to previous year.

● Companies‟ net profit has increased because earnings are more at current year as compared to the
previous year.

● Current ratio indicates the coverage of current asset is large to the current liabilities.

● Working capital has decrease at last three years as compared to first two years, because of high
purchasing cost.

● Inventory ratio has well first years and as compared to Current years this year ratio not so better
which indicate company investment less in inventories is less than sales Stock is moving slowly.

● Fixed asset turnover ratio has decreased and indicates that capabilities of the organization to
achieve high sales with minimum investment and Total asset ratio increasing trend shows
organization increased its owner funds.

3
 CONCLUSION

● The company’s position is quite sound from the point of view of solvency, turnover and
profitability. However, its activity ratios particularly in terms of the utilization of total assets
& holding of stock do not seem to be adequate.

● The supreme Industries always tries to reduce the blockage of the current assets and also
tries to improve frees flow of current assets in day-to-day business activities.

● Solvency and Profitability goes inversely. To have a higher profitability the has to
sacrifice solvency and maintain a relative low level of currents assets.

● Debt equity ratio indicate the aggressive approach to its financing by increasing
the debt.

● On the above study of the financial report of the company it can be conclude that
company is in sound financial position. That’s means company will improve its
profits in future.

3
 SUGGESTIONS

● Management must concentrate on the profitability of the company as gross profit ratio and
net profit ratio indicates very low profitability
● Management also needs to concentrate on inventory management due to the stock is
moving slowly and it holding period is large sales as indicated low with respect to turnover
ratios.
● Company should consider quality policy to avoid the wastage and rejection because its
directly affects the cost of production.
● Company needs to maintain the proper inventory management.

3
CHAPTER NO: 7

BIBLOGRAPHY

3
 BIBLOGRAPHY

Books: -

Name of Books

Management Accounting -M.G. Patkar, Ashok Sehgal

Research Methodology -C.R. Kothari

Financial Management-I.M. Panday, P.K. Jain

Annual report: -

1. Annual report of Simak IT Pvt. Ltd. Of three Year [2014-15, 2015-16 and

2016-17] Website: -

[Link]

[Link]

3
CHAPTER NO: 8

ANNEXURE

3
 ANNEXURE
Balance Sheet as at 31st March, 2023
PARTICULARS N As at 31– A 31–
ot Mar–23 s Mar–
e a 22
t
ASSETS
(1) NON - CURRENT ASSETS 1976 1682.
(a) Property, plant & equipment 2 .43 11
(b) Capital work-in-progress 3 83.7 154.5
(c) Intangible assets 4
(d) Intangible assets under 4 1 9
development A 5.45 6.44
(e) Right to use - Lease 5 1.18
(f) Financial assets 78.73
(I) Investment in associate & 6 16.20 16.20
subsidiary 6.10 5.67
(ii) Other investments 6 27.81 22.41
(iii) Deposits 7
(iv) Loans 8 1.69 1.17
(g) Other non-current assets 1 45.45
0
TOTAL NON - CURRENT 98.05
ASSETS
(2) CURRENT ASSETS
(a) Inventories 1
1 491.75 466.76
(b) Financial assets 737.68 517.54 206
(I) Trade receivables 1 7.56 7.36
2 0.97 1.86 6.5
(ii) Cash & cash equivalents 1 1.94 4.04
3
(iii) Other bank balances 1
4 2.32 19.00 5
(iv) Deposits 7
(v) Loans 8
(vi) Other financial assets 9 126
(c) Income tax assets (net) 2
2 0.1
(d) Other current assets 1
0
TOTAL CURRENT ASSETS 6
TOTAL ASSETS
EQUITY AND LIABILITIES
EQUITY
Equity share capital 1
5 1016.
Other equity 1
6 56
TOTAL EQUITY 2.32 4.03 15.42
LIABILITIES 36.72 32.29 181.6
(1) NON - CURRENT 7
LIABILITIES
(a) Financial liabilities
(I) Deposits 1 2473.
(ii) Lease liabilities 7 81
(b) Provisions 1
8
(c) Deferred tax liabilities (net) 3 4540.
0 4.74 2
TOTAL NON - CURRENT 899.92 2. 36
LIABILITIES 1
5.17 5
(2) CURRENT LIABILITIES 14.45
(a) Financial liabilities 77 25.41
2.
(I) Trade payables 3 1 79.50 94 3362.
 9 53
Dues of micro, small and medium enterprises 1.68
Dues of creditors other than micro, small and 13.39
8 3387.
medium enterprises 2 49.14 94
(ii) Deposits 1 .
(iii) Lease liabilities 7 3
(iv) Other financial liabilities 2
0 6
(b) Other current liabilities 2
1 36.32
(c) Provisions 1 24.39
8
TOTAL CURRENT LIABILITIES 51.8 90.44
TOTAL EQUITY AND 0
LIABILITIES 151.1
Significant Accounting Policies. 1- 60.7 5
4
7 4
The accompanying notes are an integral part
of the Standalone
financial statements
22

3
 Statement of Profit and Loss for the year ended on 31st March, 2023

PARTICULARS 2022 2021

Note – –
2023 2022
INCOME
Revenue from operations 23 9201.4 7772.8
9 1
Other income 24 81.86 9283. 67.70 7840.
35 51
EXPENDITURE
Cost of materials consumed 25 6424.6 5428.9
0 3
Purchase of stock-in-trade 128.81 136.50
Changes in inventories of finished goods, Semi 45.83 (212.27
finished goods and 26 )
stock-in-trade
Employee benefits expenses 27 373.63 344.30
Finance costs 28 8.02 5.15
263 229
Depreciation and amortization expense .39 .52
2, 4, 5 833
102 8272. 6765.
Other expenses 29 8.64 92 .16 29
PROFIT BEFORE TAX 1010. 1075.
43 22
TAX EXPENSES30
245.60 264.81
Current tax
0.36 (1.48)
Deferred tax (credit)/charge 245.9 263.3
6 3
PROFIT AFTER TAX 764.4 811.8
7 9
OTHER COMPREHENSIVE INCOME
Items that will not be reclassified to profit or loss (3.72) (1.25)
Re-measurement of defined employee benefit plans
Income tax relating to Re-measurement of defined 0.94 0.31
employee
benefit plans (2.78) (0.94)
TOTAL COMPREHENSIVE INCOME 761.6 810.9
9 5

EARNINGS PER SHARE 36

Basic & diluted earnings per share (In R) 60.18 63.91
(Face value of R 2 each)
Significant Accounting Policies 1-47
3
The accompanying notes are an integral part of the
Standalone
financial statements

3
 Cash Flow Statement for the year ended on 31st March, 2023
PARTICULARS 2022 2021
– –
2023 2022
A. CASH FLOW FROM OPERATING
ACTIVITIES 101 1075.22
Net profit before tax
Adjustments to reconcile profit 0.4
before tax to cashflows: 263.39 229.52
3 5.06
Depreciation and amortization 8.02
expense 1.31 0.04
Interest expenses 16.50
Provision for doubtful debts/ 17.10
Bad debts (0.41) (0.28)
Foreign currency exchange (52.09) (47.75)
fluctuation (0.92)
Share of profit in partnership (1.66)
firm (14.42) (8.30)
Dividend received from an (23.40) (9.37)
associate (2.98)
Interest income (1.80)
Excess liabilities written - (5.40)
back
(Profit)/Loss on sale of liquid
mutual funds 175.70
(Profit) /Loss on sale of property, (0.42)
plant & equipment 125
(Profit) /Loss on sale of 0.9
investments 19
Fair value adjustments 5. 2
Operating profit before working capital 1205.
42
changes (0.62) 85
Adjustments for:
Change in working capital (499.40)
(Increase)/decrease in (76.71)
inventories (125.48) (27.04)
(Increase)/decrease in trade 142.66 (493.19)
receivable (26.30)
(Increase)/decrease in other (22.01) (32.70)
assets 107.74 757.73
Increase/(decrease) in trade
payables (10.95)
Increase/(decrease) in other (77.00
liabilities ) (28
Cash generated from 1128. 6.7
operations 85
Direct taxes paid (net of (237.4 5)
refund) 6)
NET CASH FLOW FROM OPERATING 891.3 47
ACTIVITIES (A) 9 0.9
B. CASH FLOW FROM INVESTING
ACTIVITIES 8
Purchase of property, plant & (423.9
equipment 3) (469.94)
Sale of property, plant & 2.50
equipment 3.89
Proceeds from sale of non- - 5.42
current investments (2265.54)
Purchase of liquid mutual (2565.
funds 93) 2274.01
Sale of liquid mutual funds 2584. 0.92
75
Interest received 1.66
Dividend received from an 52.09
associate
NET CASH USED IN INVESTING (348.8 47.7
ACTIVITIES (B) 6) 5
C. CASH FLOW FROM FINANCING
ACTIVITIES (403
Repayment of long-term - .49)
borrowings (Refer Note 41)
Increase/(Decrease) in short term -
borrowings (Refer Note 41) (0.70)
Interest paid (1.48)
Payment of lease liabilities (20.62 (0.35)
) (1.00)
Dividend paid 3 (304.8 (16.08)
 7) (292.18)
NET CASH USED IN FINANCING (326.9
ACTIVITIES (C) 7) (310.31)
NET INCREASE / (DECREASE) IN 1-47
CASH & CASH 215.5 (242.82)
EQUIVALENTS (A+B+C) 6 759.46
Opening balance at beginning 517.5 0.90
of the year 4 517.54
Effect of fair value of Liquid 4.58
mutual funds
Closing balance at end of the 737.6
year 8
Significant Accounting
Policies

The accompanying notes are an

integral part of the Standalone
financial statements

3
 Balance Sheet as at 31set March, 2024
PARTICULARS As at 31– As at 31–
Note Mar–24 Mar–23
ASSETS
(1) NON - CURRENT ASSETS
(a) Property, plant & equipment 2 1682.11 1636.16
(b) Capital work-in-progress 3 154.59 49.62
(c) Intangible assets 4 6.44 10.96
(d) Intangible assets under development 1.18 1.40
4A 78.73 67.16
(e) Right to use - Lease5
(f) Financial assets 16.20 33.56
(I) Investment in associate & subsidiary 5.67 5.40
6 22.41 20.19
(ii) Other investments 6 1.17 1.08
(iii) Deposits 7 45.45 60.23
(iv) Loans 8 98.05 93.14
(g) Other non-current assets 10 2066.55 1918.67
TOTAL NON - CURRENT ASSETS
(2) CURRENT ASSETS 1260.16 760.76
(a) Inventories 11
(b) Financial assets 466.76 390.09
(I) Trade receivables 12 517.71 759.46
(ii) Cash & cash equivalents 13 7.36 6.88
(iii) Other bank balances 14 1.86 4.84
(iv) Deposits 7 4.04 1.65
(v) Loans 8 18.83 0.54
(vi) Other financial assets 9 1016.56 1163.46
(c) Income tax assets (net) 23 15.42
(d) Other current assets 10 181.67
(e) Assets held for disposal -
TOTAL CURRENT 2473.81
ASSETS TOTAL 4540.36
ASSETS
EQUITY AND 25.41
LIABILITIES EQUITY 3362.53
Equity share capital15 3387.94
Other equity 16
TOTAL
EQUITY
LIABILIT
IES
(1) NON - CURRENT LIABILITIES
(a) Financial liabilities
(I) Borrowings 17
(ii) Deposits 18
(iii) Lease liabilities
(b) Provisions 19
(c) Deferred tax liabilities (net) 31
TOTAL NON - CURRENT LIABILITIES
(2) CURRENT LIABILITIES
(a) Financial liabilities
(I) Borrowings 17
(ii) Trade payables 20
Dues of micro, small and medium
enterprises
Dues of creditors other than micro, small
and medium enterprises
(iii) Deposits 18
(iv) Lease liabilities
(v) Other financial liabilities 21
(b) Other current liabilities 22
(c) Provisions 19
(d) Income tax liabilities (net) 233
 TOTAL CURRENT - -
LIABILITIES TOTAL
EQUITY AND 4 13
. 9.
LIABILITIES
0 74
Significant Accounting Policies.1 3 0.02
The accompanying notes are an integral part of the 2063.98
Standalone financial statements
32.29 3982.65
36.32
24.39
90.44
25.41
151.15 2843.76
2869.17
-
22.15
772.94 0.61
1.68 4.30
13.39 25.66
49.14 30.57
859.30 22.42
134.37 91.92
7.60 144.91
-
1001.27
4540.36 0.35
12.32
634.40
0.87
11.05
127.57
786.56
168.07
7.41
6.53
968.57
3982.65

Balance Sheet as at 31set March, 2023

PARTICULARS ASSETS Note As at 31–Mar–23 as at 31–
Mar–2
(a) Property, plant & equipment 2
3
 (1) NON - CURRENT ASSETS 163616 153314
(b) Capital work-in-progress 3 5080 9292
(c) Intangible assets 4 1096 1602
(d) Intangible assets under development 3 22 -
(e) Right to use - Lease 5 6716 5858
(f) Financial assets
(i) Investment in associates & subsidiary 6 3356 3356
(ii) Other investments 6 5
(iii) Deposits 7 4 1858
0
201
9
(iv) Loans 8 6025326 5823
108 83
(g) Other non-current assets 10 9320
8348
TOTAL NON - CURRENT ASSETS 191873 184237
CURRENT ASSETS
(a) Inventories 11 7607 8905
7 7
(b) Financial assets
(i) Trade receivables 12 39002 31260
(ii) Cash & cash equivalents 13 75946 21850
(iii) Other bank balances 14 688 1147
(iv) Deposits 7 484 360
(v) Loans 8 165 195
(vi) Other financial assets 9 1163 518 5533
54 39 0
(c) Income tax assets (net) 23 - 3789
(d) Other current assets 10 1397 1235
4 5
(e) Assets held for disposal
2 73
TOTAL CURRENT ASSETS 2063 1606
92 04
TOTAL ASSETS 3982 3448
65 41
EQUITY AND LIABILITIES
EQUITY
Equity share capital 15 2541 2541
Other equity 16
2843 2107
76 18
TOTAL EQUITY
2869 2132
17 59
LIABILITIES
(1) NON - CURRENT LIABILITIES
(a) Financial liabilities
(i) Borrowings 17 61 88
(ii) Deposits 18 430 284
(iii) Lease liabilities 3057 2948 3320
2566
(b) Provisions 19 2242 2001
(c) Deferred tax liabilities (net) 31
9192 9011
TOTAL NON - CURRENT LIABILITIES
1449 1433
1 2
(2) CURRENT LIABILITIES