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OPERATING RATIO
a) DIVIDEND PER SHARE Dividend per share = D-SD/S D = sum of dividend over a period SD = special, one time dividends S = shares outstanding for the period Table No 4.1.3.i Dividend per share YEAR 2011 2010 2009 2008 2007 HUL 6.50 6.50 7.50 9.00 6.00 NESTLE 48.50 48.50 48.50 42.50 33.00 BRITANNIA 6.50 25.00 40.00 18.00 15.00 MARICO 0.66 0.66 0.66 0.66 0.66
60
50 40 30 20
10 0 2011 2010 2009 2008 2007 HUL NESTLE BRITANNIA MARICO
Chart No 4.1.3.i Dividend per share Interpretation From the above chart is understood that NESTLE had made continuous growth in the dividend per share for the last five year. MARICO is having low dividend per share for the last five year.
b) EARNING PER SHARE Earnings per share = Profit after tax Preference dividend /Number of equity share Table No 4.1.3.ii Earning per share YEAR 2011 2010 2009 2008 2007 HUL 10.68 10.09 11.47 8.12 8.41 NESTLE 99y .73 84.91 67.94 55.39 42.92 BRIDANNIA 12.16 48.77 75.51 79.95 45.00 MARICO 5.13 3.86 2.33 2.35 1.88
100
80 60 40 20 0 2011 2010 2009 2008 2007
Chart No 4.1.3.ii earning per share Interpretation From the above chart is clearly understood that BRITANNIA had made continuous low growth in the EPS for the last five year and NESTLE had made continuous growth in the EPS for the last five year.
2 PROFITABILITY RATIO
a) GROSS PROFIT MARGIN Gross profit margin = Revenue cost of goods sold / Revenue. Table No 4.1.3.iii Gross profit margin YEAR 2011 2010 2009 2008 2007 HUL 12.41 14.70 13.50 15.86 15.80 NESTLE 18.48 17.87 17.58 17.20 20.05 BRITDNNIA 4.40 4.99 6.12 7.88 6.27 MARICO 13.44 15.37 13.13 12.06 17.21
25 20 15 10 5 0 2011 2010
BRITANNIA HUL
Chart No 4.1.3.iii Gross profit margin Interpretation From the above chart are shows that BRITANNIA is having low gross profit margin for the last five year.
b) OPERATING PROFIT MARGIN Operating profit margin = Operating income / Total Revenue Table No 4.1.3.iv Operating profit margin. HUL NESTLE BRITANNIA 13.53 20.53 5.46 15.74 19.91 6.09 14.46 19.74 7.20 14.95 19.33 8.97 14.74 19.50 5.85
NESTLE
HUL
Chart No 4.1.3.iv Operating profit margin Interpretation From the above chart shows that NESTLE is having high operating profit Margin and BRITANNIA is having low operating profit margin for the last five year.
C) NET PROFIT MARGIN Net profit margin = Net income after taxes / Revenue Table No 4.1.3.v Net profit margin. HUL NESTLE BRITANNIA 11.56 12.75 3.40 12.29 13.00 3.38 12.09 12.67 5.75 12.58 12.24 7.31 14.94 11.73 4.86
HUL
NESTLE BRITANNIA MARICO
Chart No 4.1.3.v Net profit margin. Interpretation From the above chart shows that HUL, NESTLE& MARICO are having high net profit margin for the last five year.
d) RETURN ON ASSEST Return on assets = Net income / Total assets*100 Table No 4.1.3.vi return on assets. HUL NESTLE BRITANNIA 12.19 11.84 9.46 6.61 24.45 132.13 88.72 60.29 49.09 43.40 37.78 165.86 333.99 306.65 248.65
200
150 100 50 0 2011 2010 2009 2008 2007
Chart No 4.1.3.vi Return on assets. Interpretation From the above chart it is known that BRITANNIA is having high return on assets for year 2010,2009,2008 &2007.but 2011 NESTLE is having high return on asset.
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2011 2010 2009 2008 2007
Chart No 4.1.3.vii Current ratio Interpretation From the above chart it is known that HUL, NESTLE& MARICO are having low Current ratio.
b) QUICK RATIO.
Quick ratio = (current asset inventory) /current liabilities Table No 4.1.3.viii Quick ratio. HUL NESTLE 0.43 0.24 0.46 0.27 0.51 0.24 0.25 0.29 0.34 0.23
1.2
1 0.8 0.6 0.4 0.2 0 2011 2010 2009 2008 2007
Chart No 4.1.3.viii Quick ratio Interpretation From the above chart is clearly understood that MARICO had made continuous growth in the quick ratio for the last five year.
Table No 4.1.3.ix Debt equity ratio YEAR 2011 2010 2009 2008 2007 HUL 0.20 0.06 0.03 NESTLE 0.76 0.01 BRITANNIA 0.96 0.08 0.03 MARICO 0.63 0.66 0.84 1.09 0.91
1.2 1 0.8 0.6 0.4 0.2 0 2011 2010 2009 2008 2007 HUL NESTLE BRITANNIA MARICO BRITANNIA HUL
Chart No 4.1.3.ix Debt equity ratio. From the above chart shows that MARICO is having high debt equity ratio for the last five year.
4000
2000 0 2011 2010 2009 2008
2007
Chart No 4.1.3.x Interest coverage ratio. Interpretation From the above chart it is known that HUL is having high interest coverage ratio in the year 2011.
NESTLE
BRITANNIA MARICO
BRITANNIA
HUL
Chart No 4.1.3.xi Inventory turnover ratio. Interpretation From the above chart it is clearly understood that BRITANNIA is having the high Inventory turnover ratio.
100% 80% MARICO 60% 40% 20% 0% 2011 2010 2009 2008 2007 BRITANNIA NESTLE HUL
Chart No 4.1.3.xii Debt turnover ratio. Interpretation From the above chart shows that HUL& MARICO are having low debt turnover ratio And BRITANNIA& NESTLE are having high turn over ratio.
HUL
NESTLE BRITANNIA BRITANNIA HUL MARICO
Chart No 4.1.3.xiii Total assets turnover ratio. Interpretation From the above chart shows that HUL& NESTLE are having high total assets turnover ratio.
100% 80% MARICO 60% 40% 20% 0% 2011 2010 2009 2008 2007 BRITANNIA NESTLE HUL
Chart No 4.1.3 xiv Investment turnover ratio. Interpretation From the above chart shows BRITANNIA& NESTLE are high Investment turn over ratio for the last five year.
120 100 80 60 40 20 0 -20 -40 -60 Chart No 4.1.3 xv Number days working capital. Interpretation From the above chart is understood that MARICO had made continuous growth in the number of working capital for the last five year. HUL&NESTLE are having very low number of working capital. 2011 2010 2009 2008 2007 HUL NESTLE BRITANNIA MARICO
Table No 4.1.3.xvi Dividend payout ratio YEAR 2011 2010 2009 2008 2007 HUL 71.20 75.20 76.47 131.80 81.45 NESTLE 56.47 66.54 83.52 89.76 89..50 BRITANNIA 62.10 59.77 61.97 26.34 38.94 MARICO 14.96 20.01 32.84 32.54 39.09
300 250 200 150 100 50 0 2011 2010 2009 2008 2007
MARICO BRITANNIA NESTLE HUL
Chart No 4.1.3. xvi Dividend payout ratio. Interpretation From the above chart shows that MARICO is having low dividend payout ratio for the last five year.
c) BOOK VALUE
Book value = Net worth Preference share / Total number of equity share.
Table No 4.1.3.xvii Book value. YEAR 2011 2010 2009 2008 2007 HUL 12.19 11.84 9.45 6.61 12.42 NESTLE 132.13 88.72 60.29 49.09 43.43 BRITANNIA 37.78 165.86 345.14 316.37 257.35 MARICO 14.21 9.38 6.04 4.60 3.01
MARICO
Chart No 4.1.3.xvii Book value. Interpretation From the above chart is clearly understood that BRITANNIA had made high growth in the Book value in the year 2010,2009.2008&2007.