Britannia Industries Limited

(A WADIA Enterprise) is an Indian food-products corporation based in Kolkata,

India. It sells its Britannia and Tiger brands of biscuit throughout India.
Britannia has an estimated market share of 38%.
Between 1998 and 2001, the company's sales grew at a compound annual
rate of 16% against the market, and operating profits reached 18%. More
recently, the company has been growing at 27% a year, compared to the
industry's growth rate of 20%. At present, 90% of Britannias annual revenue
of Rs22 billion comes from biscuits.
Britannia is one of India's 100 Most Trusted brands listed in The Brand Trust
Report.

Financial Ratios
Investment Valuation Ratios

Profitability Ratios

Liquidity and Solvency Ratios

DEBT COVERAGE RATIO

MANAGEMENT EFFICIENCY RATIO

PROFIT AND LOSS ACCOUNT RATIO

CASH FLOW INDICATOR RATIOS

Analysis of Financial Ratios

The use of Leverage (debt) is common among businesses in the FMCG sector, which borrow to begin or
expand operations. Debt itself is not necessarily a positive or negative, but too much debt can cripple a
company. To differentiate between the FMCG companies that use leverage appropriately from those that
do not, traders rely on several ratios to analyze debt burdens.
By far the most common leverage ratio is Debt-to-Equity, which divides total liabilities by shareholder
equity. This ratio reveals the proportion of debt used to finance company assets. FMCG companies tend to
have higher debt-to-equity ratios than firms in other sectors. Britannia Industry however has a low debt to
equity ratio
Sometimes called the "Acid Test Ratio" the quick ratio shows the short-term liquidity of a company.
Because cement processes are capital-intensive and normally require a lot of depreciating assets, this ratio

indicates what kind of position a company is in to service its short-term debts. The data suggests that
Britannia Industry is in a good position to service its immediate liquidity needs.
Similar to debt-to-equity, the Debt Ratio shows the degree to which company assets were financed
through borrowing. Debt ratio divides total liabilities by total assets, which can be tricky when comparing
different kinds of FMCG sector.
EBITDA is an acronym for Earnings before Interest, Taxes, Depreciation, and Amortization. PBT stands
for Profit before Tax, and PAT stands for Profit After Tax. The graph visually shows how the net profit
of the company stand reduced due to the impact of Interest, Depreciation, and Tax.

TATA DOCOMO
Tata Teleservices Limited (TTSL) (BSE: 532371) is an
Indian broadband and telecommunications service provider based in
Mumbai, Maharashtra, India. It is a subsidiary of the Tata Group, an Indian
conglomerate. It operates under the brand name Tata DoCoMo in various
telecom circles of India.
In November 2008, Japanese telecom giant NTT Docomo picked up a 26 per
cent equity stake in Tata Docomo, a subsidiary of Tata Teleservices, for
about 130.7 billion (US$2.0 billion) or an enterprise value of 502.69

billion (US$7.5 billion).[4] NTT DOCOMO announced on 25 April 2014 that they
are going to sell 100% of their shares in Tata DOCOMO to Tata Teleservices
and exit Indian Telecom. The reason for exit is because of huge loss of $1.3
billion. [5]
In February 2008, TTSL announced that it would provide CDMA mobile
services targeted towards the youth, in association with the Virgin Group on
a franchisee model basis. By April 1, 2015, all Virgin Mobile CDMA & GSM
customers have been migrated into the umbrella Tata Docomo brand (Tata
Indicom for Delhi NCR).
Tata Teleservices provides mobile services under the following brand names:

Tata DoCoMo (CDMA & GSM mobile operator, wireless

broadband)

Virgin Mobile (CDMA & GSM mobile operator)

T24 Mobile (GSM mobile operator)

Financial Ratios

Investment Valuation Ratios

Profitability Ratios

Liquidity and Solvency Ratios

Debt Coverage Ratios

Management Efficiency Ratios

Cash Flow Indicator Ratios

PROFIT AND LOSS ACCOUNT RATIO

Analysis of Financial Ratios

Analysts utilize the Quick Ratio to measure a telecoms short-term liquidity and cash flow. Essentially, it
reveals if a company can cover all of its short-term debt obligations with its liquid assets. Quick assets
can be converted into cash quickly in an amount comparable to their present book value. This financial
ratio is particularly useful for analyzing telecom companies because they are capital-intensive and have
significant amounts of debt. The higher the quick ratio, the better it is. Any value below one is considered
disadvantageous. In this case TATA teleservices have been consistently clocking a Quick Ratio of less
than one which puts them in the wrong side of the short-term liquidity and cash flow.
The return on assets ratio, or ROA, can be successfully utilized to measure telecom companys
profitability as it indicates per dollar profits a company earns on its assets. Because a telecom companys
primary assets, its spectrums and towers, function to generate the overwhelming bulk of its revenues, this
metric is a particularly appropriate profitability measure for evaluating airlines. Because airline
companies own very substantial assets, even a relatively low ROA value represents substantial absolute
profits. TATA telecommunication have been chronologically reporting negative ROA, which indicates
that it has a negative net income. However investing in TATA telecom may not be a bad decision if it has
healthier free cash flow levels, which might translate into stronger ROE than investors could realize.
The total Debt-to-Capitalization ratio is a vital metric for analyzing telecom companies because it
adequately evaluates the debt position and overall financial soundness of companies with significant

capital expenditures. For analysts and investors, this financial metric can be very useful in evaluating
companies within an industry that often have to be able to withstand extended economic or market
downturns and resulting periods of revenue losses or diminished profit margins. Analysts and investors
generally prefer to see ratios that are lower than one, as they are indicative of an overall lower level of
financial risk for the company.
EBITDA is an acronym for Earnings before Interest, Taxes, Depreciation, and Amortization. PBT stands
for Profit Before Tax, and PAT stands for Profit After Tax. The graph visually shows how the net profit
of the company stand reduced due to the impact of Interest, Depreciation, and Tax.