CHAPTER-1

COMPANY
PROFILE

History of Bharat Petroleum Corporation Limited

The company today known as BPCL started off as Rangoon Oil and
Exploration company set up to explore the new discoveries off Assam and
Burma during the British colonial rule of India. In 1889 during vast industrial
development, an important player in the South Asian market was the Burmah Oil
Company. Though incorporated in Scotland in 1886, the company grew out of the
enterprises of the Chef Rohit Oil Company, which had been formed in 1871 to
refine crude oil produced from primitive hand dug wells in Upper Burma.

In 1928, Asiatic Petroleum Company (India) started cooperation with Burma

oil company. Asiatic Petroleum was a joint venture of Royal Dutch, Shell and
Rothschilds formed to address the monopoly of John D Rockefeller's Standard Oil,
which also operated in India as Esso. This alliance led to the formation of Burmah-
Shell Oil Storage and Distributing Company of India Limited. Burmah Shell began
its operations with import and marketing of Kerosene.
In the mid 1950s, the company began to sell LPG cylinders to homes in India and
further expanded its delivery network. It also marketed kerosene, diesel and petrol
in cans in order to reach remote parts of India. In 1951, the Burmah shell began to
build

1
a refinery in Bombay (Mahul, Maharashtra) under an agreement with the
Government of India.
Nationalization
In 1976, the company was nationalized under the Act on the Nationalization of
Foreign Oil companies ESSO (1974), Burma Shell (1976) and Caltex (1977).[9] On
24 January 1976, the Burmah Shell was taken over by the Government of India to
form Bharat Refineries Limited. On 1 August 1977, it was renamed Bharat
Petroleum Corporation Limited. It was also the first refinery to process newly found
indigenous crude Bombay High.

In 2003, the government attempted to privatize the company. However, following a

petition by the Centre for Public Interest Litigation, the Supreme Court restrained
the Central government from privatizing Hindustan Petroleum and Bharat
Petroleum without the approval of Parliament. As counsel for the CPIL,
Rajinder Sachar and Prashant Bhushan said that the only way to disinvest in the
companies would be to repeal or amend the Acts by which they were nationalized
in the 1970s. As a result, the government would need a majority in both houses to
push through any privatization.

Parliament enacted the Repealing and Amending Act, 2016 in May 2016 which
repealed the legislation that had nationalized the company.[13] In 2017, Bharat
Petroleum Corporation Limited (BPCL) received Maharasta status, putting it in the
category of government-owned entities in India with the largest market
capitalization and consistently high profits.[14] status on 12 September 2017.

2
 Operations of Bharat Petroleum

Bharat Petroleum operates the following refineries:

 Mumbai Refinery : Located near Mumbai, Maharashtra. It has a capacity of 13

million metric tonnes per annum.[15]
 Kochi Refinery : Located near Kochi, Kerala. It has a capacity of 15.5 million
metric tonnes per annum.[16]
 Bina Refinery : Located near Bina, Sagar district, Madhya Pradesh. It has a
capacity of 7.8 million metric tonnes per year. This refinery started as Bharat Oman
Refineries Limited (BORL), a joint venture between Bharat Petroleum and OQ
(formerly known as Oman Oil Company). Incorporated in 1994, BORL also has
single point mooring (SPM) system, crude oil terminal (COT) and a 937km-long
cross-country crude oil pipeline from Vadinar, Gujarat to Bina, Madhya Pradesh.
As of April 2021, BORL is a subsidiary of BPCL.
 Numaligarh Refinery : Located near Numaligarh, Golaghat district, Assam. It has a
capacity of 3 million metric tonnes per year.(Sold to consortium led by Oil India
Ltd.)
 The company business is divided in seven SBUs( Strategic Business Units), like
Retail, Lubricants, Aviation, Refinery, Gas, I&C and LPG
 They have popular Loyalty Program like Petrocard, Smartfleet.
 As of 2018, BPCL was also setting up a Second-generation biofuels refinery at
Baulsingha village in Bargarh district, Odisha of 100 kilo litre per day (KLPD)
capacity.[17] The plant would be using 2 Lakh tonnes of rice straw to generate fuel.

3
Directors and officers:

Name Title
Mr. Arun Kumar Singh B.Sc. (Engg.) Chairman & MD

Mr. Vetsa Ramakrishna Gupta Director of Fin., Head of Corp.

Treasury & Director
Mr. Manoj Heda Exec. Director of Corp. Fin
Captain M. J. Mohan B.Sc VP of Admin., Co-Ordination &
Liaison
Ms. Sujata N. Chogle Exec. Director of Legal
Ms. V. Kala Company Sec. & Compliance Officer
Mr. K. Ravi Head of Retail - West
Mr. T. Peethambaran Head of Retail - North
Mr. J. Ravichandran Exec. Director of Refineries Fin.
Mr. Pawan Pathak Sr. VP of Product

Products of Bharat Petroleum

Production and Education Link (Infrastructure)

4
 Liquefied Petroleum Gas (LPG) and Superior Kerosene Oil (SKO) for households and
industrial uses.

 Motor Spirit (MS/ Petrol) and Hi-speed Diesel (HSD) for automobiles.

 Naphtha, the major raw material for fertilizer and petrochemical industries.

Events:
 BPCL CSR INITIATIVE: HON. MINISTER – MOPNG
INAUGURATES PRIMARY SCHOOL IN BETUL, MADHYA PRADESH

5
 INAUGURATION OF CSR PROJECT ECOART IN TELANGANA BY SHRI
K PADMAKAR CHAIRMAN AND MANAGING DIRECTOR BPCL
 INAUGURATION OF IISC
 BPCL EXTENDS SUPPORT FOR MODERN MRI MACHINE AT RKM
SEVA PRATISHTHAN HOSPITAL AT KOLKATA
 JALLOSH- BEACH CLEAN UP DRIVE
 BHARAT CONNECT
 CSR SAARATHI

Company details:

Company name Bharat Petroleum Corporation

Limited
Company Status Active
Type Statutory Corporation
ISIN INE029A01011
Industry Oil and gas
Headquarters Mumbai Maharashtra India
Owner Government of India

Contact details:

E-mail ID : chaitanyac@bharatpetroleum.in
Contact Details: 022-22713153,
9840891812 Website :
http://www.bharatpetroleum.com/
Address : Bharat Petroleum Corporation Limited, Admin Department, 1st floor, Bharat
Bhavan-I, 4 & 6 Currimbhoy Road, Ballard Estate, Mumbai

6
 CHAPTER 2

FINANCIAL ANALYSIS

Financial statement analysis is the process of analysing a company's financial

statements for decision-making purposes. External stakeholders use it to understand
the overall health of an organization as well as to evaluate financial performance
and business value. Internal constituents use it as a monitoring tool for managing
the finances.Financial analysis is used to evaluate economic trends, set financial
policy, build long-term plans for business activity, and identify projects or
companies for investment. This is done through the synthesis of financial numbers
and data. A financial analyst will thoroughly examine a company's Financial
statements—the Income statement, Balance sheet,Financial analysis can be
conducted in both corporate finance and investment finance settings

Objectives of Financial Analysis

To predict the future prospects of the company, past performance is

analysed. Past performance is analysed by reviewing the trend of past sales,
profitability, cash flows, return on investment, debt-equity structure and operating
expenses, etc.

Assessing the current position & operational efficiency:

Examining the current profitability & operational efficiency of the

enterprise so that the financial health of the company can be determined. For long-
term decision making, assets liabilities of the company are reviewed. Analysis
helps in finding out the earning capacity & operating performance of the company.

Predicting growth & profitability prospects:

The top management is concerned with future prospects of the company.

Financial analysis helps them in reviewing the investment alternatives for judging
the earning potential of theenterprise. With the help of financial statement analysis,
assessment and prediction of the bankruptcy and probability of business failure can
be done.

7
Loan Decision by Financial Institutions and Banks:

Financial analysis helps the financial institutions, loan agencies & banks to
decide whether a loan can be given to the company or not. It helps them in
determining the credit risk, deciding the terms and conditions of a loan if
sanctioned, interest rate, maturity date etc.

8
 COMPARATIVE BALANCE SHEET OF BHARAT PETROLEUM
CORPORATION LIMITED 2018-2022
BALANCE SHEET OF BPCL Mar-22 Mar-21 Mar-20 Mar-19 Mar-18
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 2,129.45 2,092.91 1,966.88 1,966.88 1,966.88
Total Share Capital 2,129.45 2,092.91 1,966.88 1,966.88 1,966.88
31,247.5
Reserves and Surplus 47,540.33 51,595.15 34,770.80 32,164.61
0
TOTAL RESERVES AND 31,247.5
47,540.33 51,595.15 34,770.80 32,164.61
SURPLUS 0
33,214.3
Total Shareholders Funds 49,669.78 54,544.55 36,737.68 34,131.49
8
NON-CURRENT LIABILITIES
20,481.8
Long Term Borrowings 15,481.97 17,032.84 23,628.57 14,758.22
3
Deferred Tax Liabilities [Net] 4,882.70 4,471.55 5,967.29 6,168.99 4,955.52
Other Long Term Liabilities 8,749.45 8,209.92 6,226.58 340.49 201.54
Long Term Provisions 186.59 1,600.51 1,574.12 1,509.86 1,367.04
34,249.8
Total Non-Current Liabilities 29,300.71 31,314.82 31,647.91 21,282.32
2
CURRENT LIABILITIES
17,721.3
Short Term Borrowings 8,641.12 4,232.81 3,580.75 8,093.01
7
12,509.5
Trade Payables 30,834.68 16,245.30 17,235.18 14,989.52
4
26,942.8
Other Current Liabilities 29,184.74 32,408.09 24,678.77 20,182.07
7
Short Term Provisions 2,881.53 1,858.92 1,831.00 1,746.96 1,452.76
59,004.7
Total Current Liabilities 71,542.07 54,745.12 47,241.66 44,717.36
8
Total Capital And Liabilities 1,50,513 1,40,604 1,26,469 1,15,627 1,00,131.17
ASSETS
NON-CURRENT ASSETS
56,687.9
Tangible Assets 68,751.37 63,526.50 46,259.18 42,810.60
8
Intangible Assets 743.25 409.7 262.93 228.7 217.51
Capital Work-In-Progress 3,312.69 7,094.78 9,108.09 6,702.63 4,043.75
Intangible Assets Under
17.27 357.6 396.62 363.1 363.83
Development
Other Assets 0.03 0.05 0.21 0.24 0.26
66,455.8
Fixed Assets 72,824.61 71,388.63 53,553.85 47,435.95
3
10,849.4
Non-Current Investments 15,794.55 10,889.82 10,915.73 10,631.17
8
Long Term Loans And Advances 4,555.86 4,927.57 5,442.94 2,515.66 3,089.91
Other Non-Current Assets 2,641.40 2,436.17 2,657.50 2,004.76 1,971.64
Total Non-Current Assets 95,816.42 89,642.19 85,405.7 68,990.00 63,128.67
9
 5
CURRENT ASSETS
Current Investments 4,442.27 6,794.27 5,208.54 5,075.89 4,995.18
20,421.0
Inventories 36,307.06 26,756.75 21,544.65 20,874.57
6
Trade Receivables 9,738.32 7,827.47 5,164.34 6,670.72 5,151.73
Cash And Cash Equivalents 834.49 7,053.49 115.78 95.41 182.53
Short Term Loans And Advances 135.99 137.9 590.58 1,628.88 71.02
Other Current Assets 3,238.01 2,392.42 9,562.93 11,621.70 5,727.47
41,063.2
Total Current Assets 54,696.14 50,962.30 46,637.25 37,002.50
3
Total Assets 1,50,513 1,40,604 1,26,469 1,15,627 1,00,131.17

10
 COMPARATIVE PROFIT AND LOSS OF BHARAT PETROLEUM
CORPORATION LIMITED 2018-2022

PARTICULARS Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

Income
Revenue from operations
2,76,400.89 3,36,384.45 3,26,393.46 3,00,829.72 4,32,258.07
[gross]
Less: Excise/Sevice
40,849.13 40,347.48 43,197.83 69,319.86 71,129.71
Tax/Other Levies
Revenue from operations
2,35,551.76 2,96,036.97 2,83,195.63 2,31,509.86 3,61,128.36
[net]
Total operating revenues 2,36,421.41 2,97,275.50 2,84,382.95 2,32,545.12 3,62,276.77
other income 2,911.10 2,983.60 3,081.31 4,344.45 2,412.42
Total revenue 2,39,332.51 3,00,258.65 2,87,464.26 2,36,889.57 3,64,689.19
Cost Of Materials
81,467.45 1,19,419.22 1,13,229.30 71,153.56 1,38,708.46
Consumed
Purchase Of Stock-In
1,25,462.73 1,46,974.60 1,43,164.25 1,27,800.87 1,89,085.80
Trade
Operating And Direct
0 0 0 0 0
Expenses
Changes In Inventories Of
FG,WIP And Stock-In 320.6 -1,703.06 -456.62 -3,633.57 -4,288.73
Trade
Employee Benefit
3,437.44 3,664.18 3,691.45 4,477.17 3,314.45
Expenses
Finance Costs 833.25 1,318.96 2,181.86 1,328.36 1,860.48
Depreciation And
2,653.00 3,189.28 3,786.89 3,978.05 4,754.27
Amortisation Expenses
Other Expenses 13,872.07 16,956.39 18,115.26 15,616.46 19,263.96
Total expenses 2,28,046.54 2,89,819.30 2,83,712.39 2,20,720.90 3,52,698.69
Profit/loss
beforeexceptional, 11,285.97 10,439.62 3,751.87 16,168.67 11,990.50
extraordinary items and tax
Exceptional Items 0 0 -1,080.83 6,448.91 -77.06
Profit/loss before tax 11,285.97 10,439.62 2,671.04 22,617.58 11,913.44
Tax expenses- continued
operations
Current Tax 2,141.08 2,079.00 201 5,134.78 2,658.00
Less: MAT Credit
0 0 0 0 0
Entitlement
Deferred Tax 1,434.58 1,316.48 400.68 -402.98 323.19
Tax For Earlier Years -265.99 -87.88 -613.83 -1,155.89 143.52
Total tax expenses 3,309.67 3,307.60 -12.15 3,575.91 3,124.71
Profit/loss after tax and
7,976.30 7,132.02 2,683.19 19,041.67 8,788.73
before extraordinary
Profit/Loss From
7,976.30 7,132.02 2,683.19 19,041.67 8,788.73
Continuing Operations
Profit/Loss For The Period 7,976.30 7,132.02 2,683.19 19,041.67 8,788.73

11
12
 BALANCE SHEET

Particulars Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17

EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 2,129.45 2,092.91 1,966.88 1,966.88 1,966.88 1,311.25
Total Share Capital 2,129.45 2,092.91 1,966.88 1,966.88 1,966.88 1,311.25
47,540.3
Reserves and Surplus 3 51,595.15 31,247.50 34,770.80 32,164.61 28,357.13
47,540.3
Total Reserves and Surplus 3 51,595.15 31,247.50 34,770.80 32,164.61 28,357.13
49,669.7
Total Shareholders Funds 8 54,544.55 33,214.38 36,737.68 34,131.49 29,668.38
NON-CURRENT LIABILITIES
15,481.9
Long Term Borrowings 7 17,032.84 20,481.83 23,628.57 14,758.22 13,776.44
Deferred Tax Liabilities [Net] 4,882.70 4,471.55 5,967.29 6,168.99 4,955.52 3,501.71
Other Long Term Liabilities 8,749.45 8,209.92 6,226.58 340.49 201.54 200.69
Long Term Provisions 186.59 1,600.51 1,574.12 1,509.86 1,367.04 1,353.15
29,300.7
Total Non-Current Liabilities 1 31,314.82 34,249.82 31,647.91 21,282.32 18,831.99
CURRENT LIABILITIES
Short Term Borrowings 8,641.12 4,232.81 17,721.37 3,580.75 8,093.01 7,227.36
30,834.6
Trade Payables 8 16,245.30 12,509.54 17,235.18 14,989.52 11,359.78
29,184.7
Other Current Liabilities 4 32,408.09 26,942.87 24,678.77 20,182.07 23,086.55
Short Term Provisions 2,881.53 1,858.92 1,831.00 1,746.96 1,452.76 1,815.57
71,542.0
Total Current Liabilities 7 54,745.12 59,004.78 47,241.66 44,717.36 43,489.26
Total Capital And Liabilities 1,50,513 1,40,604 1,26,469 1,15,627 1,00,131.17 91,989.63
ASSETS
NON-CURRENT ASSETS
68,751.3
Tangible Assets 7 63,526.50 56,687.98 46,259.18 42,810.60 31,278.66
Intangible Assets 743.25 409.70 262.93 228.70 217.51 158.25
Capital Work-In-Progress 3,312.69 7,094.78 9,108.09 6,702.63 4,043.75 11,216.73
Intangible Assets Under
Development 17.27 357.60 396.62 363.10 363.83 405.79
Other Assets 0.03 0.05 0.21 0.24 0.26 0.40
72,824.6
Fixed Assets 1 71,388.63 66,455.83 53,553.85 47,435.95 43,059.83
15,794.5
Non-Current Investments 5 10,889.82 10,849.48 10,915.73 10,631.17 9,241.11
Long Term Loans And
Advances 4,555.86 4,927.57 5,442.94 2,515.66 3,089.91 3,783.65
Other Non-Current Assets 2,641.40 2,436.17 2,657.50 2,004.76 1,971.64 1,646.92
95,816.4
Total Non-Current Assets 2 89,642.19 85,405.75 68,990.00 63,128.67 57,731.51
CURRENT ASSETS
Current Investments 4,442.27 6,794.27 5,208.54 5,075.89 4,995.18 5,360.34
36,307.0
Inventories 6 26,756.75 20,421.06 21,544.65 20,874.57 19,798.01
Trade Receivables 9,738.32 7,827.47 5,164.34 6,670.72 5,151.73 4,758.18
Cash And Cash Equivalents 834.49 7,053.49 115.78 95.41 182.53 64.69
Short Term Loans And
Advances 135.99 137.90 590.58 1,628.88 71.02 70.65
OtherCurrentAssets 3,238.01 2,392.42 9,562.93 11,621.70 5,727.47 4,206.25
54,696.1
Total Current Assets 4 50,962.30 41,063.23 46,637.25 37,002.50 34,258.12
Total Assets 1,50,513 1,40,604 1,26,469 1,15,627 1,00,131.17 91,989.63
13
 CHAPTER 3

RATIO ANALYSIS

Ratio analysis refers to the analysis of various pieces of financial information in the
financial Statements of a business. They are mainly used by external analysts to
determine various aspects Of a business, such as its profitability, liquidity, and
solvency.

Uses of Ratio Analysis

1. Comparisons

One of the uses of ratio analysis is to compare a company’s financial performance

to similar firms In the industry to understand the company’s position in the market.
Obtaining financial ratios, such As Price/Earnings, from known competitors and
comparing it to the company’s ratios can help Management identify market gaps
and examine its competitive advantages, strengths, and Weaknesses. The
management can then use the information to formulate decisions that aim to
Improve the company’s position in the market.

2. Trend line

Companies can also use ratios to see if there is a trend in financial performance.
Established Companies collect data from the financial statements over a large
number of reporting periods. The Trend obtained can be used to predict the
direction of future financial performance, and also identify any expected financial
turbulence that would not be possible to predict using ratios for a single reporting
period.

3. Operational efficiency

Management of a company can also use financial ratio analysis to determine the
degree of efficiency in the management of assets and liabilities. Inefficient use of
assets such as motor vehicles, land, and building results in unnecessary expenses
that ought to be eliminated. Financial ratios can also help to determine if the
financial resources are over- or under-utilized.

14
 1. Current Ratio
The current ratio is a popular metric used across the industry to assess a
company’s short term liquidity with respect to its available assets and pending
liabilities. In other words, it reflects A company’s ability to generate enough cash to
pay off all its debts once they become due. It’s Used globally as a way to measure
the overall financial health of a company.

Current asset
Current ratio =
Current liabilities
YEAR 2018 2019 2020 2021 2022
CURRENT 1,15,627.2 1,26,468.9 1,40,604.4
1,00,131.17 1,50,513
ASSET 5 8 9

CURRENT LIABILITIES 44,717.36 47,241.66 59,004.78 54,745.12 71,542.07

CURRENT ASSET 2.4475695 2.1433683 2.5683474 2 .1038549

2.239201286
RATIO 8 9 6 7

Current assest
3 ratio
2.5

1.5 Current assest ratio

1

0.5

0
2017 2018 2019 2020 2021

Interpretation:

The company’s current ratio in 2017 is 2.11 increases till 2019 to 2.44 and then
its Slightly decrease in 2020 and gradually increase in 2021 is 2.56

15
 2. Debt equity ratio

The debt-equity ratio is a measure of the relative contribution of the creditors and
shareholders or owners in the capital employed in business. Simply stated, ratio of the total
long term debt and equity capital in the business is called the debt-equity ratio.

DEBT EQUITY RATIO= 𝐿𝑜𝑛𝑔−𝑇𝑒𝑟𝑚 𝐷𝑒𝑏𝑡

𝑆ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟𝑠 𝐹𝑢𝑛𝑑

Year 2018 2019 2020 2021 2022

Long Term Debt 3,089.91 2,515.66 5,442.94 4,927.57 4,555.86
Shareholders Fund 1,966.88 1,966.88 1,966.88 2,092.91 2,129.45
Debt Equity Ratio 1.57097 1.27901 2.7673 2.35441 2.13945

Debt Equity Ratio

3

2.5
DEBT EQUITY RATIO

1.5

0.5

0
2018 2019 2020 2021 2022
YEAR

Interpretation:

The company debt equity ratio in 2017 is 2.35 and increases till 2018 to 2.76 and
then its slightly decrease in 2019 to 2020 and gradually increase From 2021 to 2.88.

16
 3. Proprietary ratio

The proprietary ratio (also known as the equity ratio) is the proportion of
shareholders’ equity to total assets, and as such provides a rough estimate of the
amount of capitalization currently used to support a business. If the ratio is high,
this indicates that a company has a sufficient amount of equity to support the
functions of the business.

𝒔𝒉𝒂𝒓𝒆𝒉𝒐𝒍𝒅𝒆𝒓 𝒇𝒖𝒏𝒅
PROPRIETARY RATIO=
𝒕𝒐𝒕𝒂𝒍 𝒕𝒂𝒏𝒈𝒊𝒃𝒍𝒆 𝒂𝒔𝒔𝒆𝒕

Year 2018 2019 2020 2021 2022

Share holder funds ( Rs.in.
1,966.88 1,966.88 1,966.88 2,092.91 2,129.45
Crs)
Total tangible Asset 56,687.9 63,526.5 68,751.3
42,810.60 46,259.18
(Rs.in.Crs) 8 0 7
0.045943 0.042518
Ratios(in time) 0.034697 0.032945 0.030973
8 7

PROPRIETARY RATIO
0.05
0.045
0.04
PROPRIETARY RATIO

0.035
0.03
0.025
0.02
0.015
0.01
0.005
0
2018 2019 2020 2021 2022

YEAR

Interpretation:

The company proprietary ratio in 2017 is 3.29 and it fastly increases from 2018-
2001 from 3.46 to 4.59 then it sightly decrease in 2021 to 4.19.

17
4.Net profit ratio:

The net profit percentage is the ratio of after – tax profits to net sales. It
reveals the remaining profit after all costs of production, administration and
financing have been Deducted from sales, and income taxes recognized. As such, it
is one of the best measures of the Overall results of a firm, especially when
combined with an evaluation of how well it is using its Working capital. Net profit
is not an indicator of cash flows, since net profit incorporates a number of non-cash
Expenses, such as accrued expenses, amortization, and depreciation.

Net Profit Ratio = Net

Profit
× 100
Net Sales

18
19
 YEAR 2017 2018 2019 2020 2021

Profit after tax( 19,041.67 2,683.19 7,132.02 7,976.30 8,039.30

Rs.in. Crs)

Net 202,022.23 235,551.76 296,036.97 283,195.63 231,509.86

sales(Rs.in.Crs)

Ratios(in 1060.948068 8778.795389 4150.815197 3550.463623 2879.726593

percentage % )

NET PROFIT RATIO

10000

8000

6000
NET PROFIT RATIO
4000
2000

0
2017 2018 2019 2020 2021

Interpretation:

The company Net profit ratio in 2017 is 1060.94 and increases 2018 is 8778.79
and Decreases from 2019 to 2021.

20
1. Operating profit ratio:

Operating Profit Ratio, it’ the ratio of profit made from Operating source to
the sales. Usually shown as percentage. It shows the operating efficiency of The
firm and is measure of the management efficiency

Operating Ratio=𝑶𝒑𝒆𝒓𝒂𝒕𝒊𝒏𝒈 𝒓𝒂𝒕𝒊𝒐 × 𝟏𝟎𝟎

𝑵𝒆𝒕 𝒔𝒂𝒍𝒆𝒔

YEAR 2017 2018 2019 2020 2021

Operating 834 217 460 596 668

profit ( Rs.in.
Crs)
Net sales 202,022.23 235,551.76 296,036.97 283,195.63 231,509.86
(Rs.in.Crs)

Ratios(in 0.412825856 0.092124126 0.155385998 0.210455225 0.288540626

percentage
%)

OPEARTING PROFIT RATIO

0.45
0.4
0.35
0.3
0.25
0.2

OPEARTING PROFIT RATIO

0.15
0.1
0.05
0

2017 2018 2019 2020 2021

Interpretation:

The company operating profit ratio2017 is 0.41 and decreased in 2018 to 0.09
and increased in 2019 to 2021from 0.15 to 0.28.

21
2. Liquidity ratios

Liquidity ratios are an important class of financial metrics used to

determine a debtor’s ability to pay off current debt obligations without raising
external capital. Common liquidity ratios include the quick ratio, current ratio, and
days sales outstanding.

(𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐚𝐬𝐬𝐞𝐭 – 𝐢𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲)

Liquidity ratios= 𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝒍𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔

YEAR 2017 2018 2019 2020 2021

Liquid 65,232.88 79,710.11 94,082.60 105,594.41 120,806.48

assets( Rs.
in. Crs)
current 43,489.26 44,717.36 47,241.66 59,004.78 54,745.12
liabilities
(Rs.in.Crs)
Ratios(in 1.499976776 1.782531661 1.991517656 1.789590776 2.206707739
time)

Liquidity ratios
2.5

1.5

Liquidity ratios
1

0.5

0
2017 2018 2019 2020 2021

Interpretation:

The company’s liquidity ratio of 2017 is 1.49 and increased in 2018 – 2019 from 1.78
– 1.99 and Slightly decreased in 2020 to 1.78 and increased in 2021 as 2.20.

22
3. The Debtors Turnover Ratio:

The Debtors Turnover Ratio also called as Receivables Turnover Ratio

shows how quickly the credit sales are converted into the cash. This ratio measures
the efficiency of a firm in managing and collecting the credit issued to the
customers.

DEBTOR TURNOVER RATIO= 𝐭𝐨𝐭𝐚𝐥 𝐧𝐞𝐭 𝐬𝐚𝐥𝐞𝐬

𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐚𝐜𝐜𝐨𝐮𝐧𝐭 𝐫𝐞𝐜𝐞𝐢𝐯𝐚𝐛𝐥𝐞𝐬

YEAR 2017 2018 2019 2020 2021

Sales ( 202,022.23 235,551.76 296,036.97 283,195.63 231,509.86

Rps.in. Crs)

Average 7,827.47 5,164.34 6,670.72 5,151.73 4,758.18

accounts
receivable
(Rps.in.Crs)
Ratios(in 2580.939052 4561.120298 4437.856333 5497.097674 4865.512864
time)

Debtors Turnover Ratio

6000
5000
4000
3000

Debtors Turnover Ratio

2000
1000
0

2017 2018 2019 2020 2021

Interpretation:

The company’s Debtors Turnover Ratio in 2017 is 2580.93 and increased in 2018-
2020 from 4561.12 – 5497.09 and it sightly decrease in 2021 is 4865.52.

23
4. Creditors turnover ratio

A creditors turnover ratio is a measure of how often a particular company

pays off its debts to suppliers within a given accounting period.This relates back to
the more general term ‘credit turnover’ which simply means the number of total
transactions made during a particular time frame.

Creditors turnover ratio = CREDIT PURCHASE

AVERAGE ACCOUNT PAYABLE

YEAR 2017 2018 2019 2020 2021

Net Credit 127,800.87 143,164.25 146,974.06 125,462.73 114,220.09
Purchase
Average 16,245.30 12,509.54 17,235.18 14,989.52 11,359.78
Accounts
Payable
Credit 786.6944285 1144.440563 852.756165 837.0029861 1005.478011
Turnover
Ratio
average 0.463966677 0.318933121 0.428023877 0.436079687 0.363011419
collection
period ratio

Creditors turnover ratio

0.5
0.45
0.4
0.35
0.3
0.25
0.2
0.15 Creditors turnover ratio
0.1
0.05
0

20172018201920202021

Interpretation:

The company’s creditors turnover ratio in 2017 is 0.46 and decreased in 2028 is
0.31 and increased in 2019-2020 from 0.42-0.43 and sightly decrease in 2021 as
0.36.

24
5. Gross Profit:

The gross profit ratio is a profitability measure calculated as Gross Profit

(GP) ratio to net sales. It shows how much profit the company generates after
deducting its cost of revenues.

Gross Profit Ratio = gross profit × 100

net sales

YEAR 2017 2018 2019 2020 2021

Gross profit ( 1,023.00 361.00 575.00 718.00 773.00

Rs.in. Crs)
Net 202,022.23 235,551.76 296,036.97 283,195.63 231,509.86
sales(Rs.in.Crs)
Ratios(in 10.23 3.61 5.75 7.18 7.73
percentage % )

Gross Profit (%)

12

10

6
Gross Profit (%)

0
2017 2018 2019 2020 2021

Interpretation:

The company’s Gross profit ratio of 2017 is 10.23 and it is decreased in 2018 to
3.16 and it increased from 2019-2021 as 5.75 to 7.73

25
6. Earnings Per Share (EPS):

Earnings per share (EPS) is calculated as a company’s profit divided by the

outstanding shares of its common stock. The resulting number serves as an
indicator of a company’s profitability. It is common for a company to report EPS
that is adjusted for extraordinary items and potential share dilution.

EARNING PER SHARE RATIO=𝐧𝐞𝐭 𝐩𝐫𝐨𝐟𝐢𝐭 𝐚𝐟𝐭𝐞𝐫 𝐭𝐚𝐱

𝐧𝐨.𝐨𝐟 𝐞𝐪𝐮𝐢𝐭𝐲 𝐬𝐡𝐚𝐫𝐞𝐬

YEAR 2017 2018 2019 2020 2021

Net profit ( 231,509.86 283,195.63 296,036.97 235,551.76 202,022.23
Rs.in. Crs)
Number of 4,555.43 4,818.86 3,540.39 2,884.76 5,640.06
equity shares
(Rs.in.Crs)
Ratios(in 5082.063823 5876.817961 8361.705066 8165.384989 3581.916327
percentage %
)

Earnings per share (%)

9000
8000
7000
6000
5000
4000

Earnings per share (%)

3000
2000
1000
0

2017 2018 2019 2020 2021

Interpretation:

The company’s Earnings per share in 2017 is 5082.06 and increased from 2018
till 2020 to 5876.81 to 8165.38 and decreased in 2021 to3581.91.

26
 CHAPTER – 4

STATISICAL ANALYSIS

Trend analysis-

Trend analysis is a technique used in technical analysis that attempts to predict the
future stock price movements based on recently observed trend data. Trend analysis
is based on the idea that what has happened in the past gives traders an idea of what
will happen in the future.Trend is the widespread practice of collecting information
and attempting to spot a pattern. In some fields of study, the term “trend analysis”
has more formally defined Meanings.

A trend is the general direction the market is taking during a specified period of
time. Trends can be both upward and downward, relating to bullish and bearish
markets, respectively. While there is no specified minimum amount of time
required for a direction to be considered a trend, the longer the direction is
maintained, the more notable the trend.

Although trend analysis is often used to predict future events, it could be used to
estimate uncertain events in the past, such as how many ancient kings probably
ruled between two dates, based on data such as the average years which other
known kings reigned.Trend analysis is the process of trying to look at current
trends in order to predict future ones and is considered a form of comparative
analysis. This can include attempting to determine whether a current market trend,
such as gains in a particular market sector, is likely to continue, as well as whether a
trend in one market area could result in a trend in another

27
1. SALES TREND:

Sales trend analysis is the review of historical revenue results to detect

patterns. It is a useful budgeting and financial analysis method that can indicate the
onset of changes in the near-term revenue growth rates of a business. It is rarely
adequate to simply plot the total sales of a business on a trend line and expect to
obtain any significant information from it. Most organizations sell many products to
a variety of customers, and in many regions, which means that sales can be broken
down into a number of sub-groups and then reviewed on a trend line

TABLE SHOWING SALES TREND VALUE

YEAR SALES TREND VALUE

2017 202,022.23 228339.5
2018 235,551.76 239001.39
2019 296,036.97 249663.3
2020 283,195.63 260325.21
2021 231,509.86 270987.12
TOTAL 1,248,316.45 1248316.52

350,000.00

300,000.00

250,000.00

200,000.00 SALES
TREND VALUE
150,000.00
100,000.00

50,000.00

0.00
2017 2018 2019 2020 2021

Interpretation:

The above chart shows the trend from the year 2017-2021.The net sales 2017-2021
it is increasing.Therefore Sales trend increased

28
2. NET PROFIT TREND:

A profitability trend is the evolution of profit within a business. An upward

trend means that profit has generally increased over time in the short or long run. A
downward profitability trend means profits are declining.

TABLE SHOWING NET PROFIT TREND VALUE

YEAR NET PROFIT TREND TREND VALUE

2017 8,039.30 5632.17
2018 7,976.30 7303.333
2019 7,132.02 8974.496
2020 2,683.19 10645.659
2021 19,041.67 12316.822
TOTAL 44,872.48 44872.48

20,000.00

18,000.00

16,000.00

14,000.00

12,000.00
NET PROFIT TREND
TREND VALUE
10,000.00

8,000.00
6,000.00

4,000.00

2,000.00

0.00 2017 2018 2019 2020 2021

Interpretation:

The above chart shows the trend from the year 2017-2021.The net profit 2017-2021
it increasing.Therefore net profit trend increased

29
 3. DIVIDEND TREND:

The Dividend trend measures the percentage of net

income that is distributed to shareholders in the form of dividend during the year. In
other words, this ratio shows the portion of profits the company decides to keep
funding operations and the portion of profits that is given to its shareholders

TABLE SHOWING DIVIDEND TREND VALUE

YEAR DIVIDEND TREND TREND VALUE

2017 325 159
2018 210 247.5
2019 190 336
2020 165 424.5
2021 790 513
TOTAL 1680 1680

900

800

700

600

500
DIVIDEND TREND
TREND VALUE
400
300

200

100

0
2017 2018 2019 2020 2021

Interpretation:

The above chart shows the trend from the year 2017-2021.The Dividend 2016-
2021 it increasing.Therefore Dividend trend increased

30
4. WORKING CAPITAL

Working Capital trend reports are considered important liquidity analysis tools and
are often used by CFOs and analysts to determine the company’s ability to pay for
short term obligations.

TABLE SHOWING WORKING CAPITAL TREND

VALUE
YEAR WORKING TREND VALUE
CAPITAL TREND
2017 -9,231.14 -7988.946
2018 -7,714.86 -7921.951
2019 -604.41 -7854.956
2020 -17,941.55 -7787.961
2021 -3,782.82 -7720.966
TOTAL -39,274.78 -39274.78

0.00
-2,000.00 2017 2018 2019 2020 2021
-4,000.00

-6,000.00
-8,000.00
-10,000.00 WORKING CAPITAL TREND
-12,000.00 TREND VALUE

-14,000.00
-16,000.00
-18,000.00
-20,000.00

Interpretation

The above chart shows the trend from the year 2017-2021.The Working capital
2016- 2021 it increasing.Therefore Working capital trend increased

31
5. NETWORTH TREND:

Net worth is the value of all the non-financial and financial assets owned by an
individual or institution minus the value of all its outstanding liabilities. Since financial
assets minus outstanding liabilities equal net financial assets, net worth can also be
conveniently expressed as non-financial assets plus net financial assets

TABLE SHOWING NET WORTH TREND VALUE

YEAR NETWORTH TREND TREND VALUE

2017 29,668.38 27892.25
2018 34,131.49 32775.773
2019 36,737.68 37659.296
2020 33,214.38 42542.819
2021 54,544.55 47426.342
TOTAL 188,296.48 188296.48

60,000.00

50,000.00

40,000.00

NETWORTH TREND
30,000.00 TREND VALUE

20,000.00

10,000.00

0.00
2017 2018 2019 2020 2021

Interpretation:
The above chart shows the trend from the year 2017-2021.The Net worth 2016-
2021 it increasing.Therefore Net worth trend increased.

32
 Correlation:

Correlation, in the finance and investment industries, is a statistic that measures the
degree to which two securities move in relation to each other. Correlations are used
in advanced portfolio management, computed as the correlation coefficient, which
has a value that must fall between -1.0 and +1.0.Correlation is a statistic that
measures the degree to which two variables move in relation to each other.In
finance, the correlation can measure the movement of a stock with that of a
benchmark index, such as the S&P 500.Correlation measures association, but
doesn’t show if x causes y or vice versa, or if the association is caused by a third–
perhaps unseen–factor.

The correlation coefficient is a value that indicates the strength of the relationship
between variables. The coefficient can take any values from -1 to 1. The
interpretations of the values are:

a. Perfect negative correlation. (-1)

The variables tend to move in opposite directions (i.e., when one variable increases,
the other variable decreases).

b. No correlation. (0)

The variables do not have a relationship with each other.

Perfect positive correlation. (1)

The variables tend to move in the same direction (i.e., when one variable increases,
the other variable also

33
SALES & NET PROFIT

NET
SALES
YEAR PROFIT x² y² XY
(X) (Y)
2017 202,022.23 8,039.30 404044.5 16078.6 1624117314
2018 235,551.76 7,976.30 471103.5 15952.6 1878831503
2019 296,036.97 7,132.02 592073.9 14264.04 2111341591
2020 283,195.63 2,683.19 566391.3 5366.38 759867682.5
2021 231,509.86 19,041.67 463019.7 38083.34 4408334356

R=-0.4462807

Formula:

INTERPRETATION:

The above table shows the sales and net profit correlation for 2017 to 2021 and
the correlation between sales and net profit is -0.4462807. It is negative correlation.
So the trend moves in the opposite direction.

34
NET PROFIT AND DIVIDEND

YEAR NET DIVIDEND x² y² XY

PROFIT

(X) (Y)
2017 8,039.30 325 16078.6 650 2612772.50
2018 7,976.30 210 15952.6 420 1675023.00
2019 7,132.02 190 14264.04 380 1355083.80
2020 2,683.19 165 5366.38 330 442726.35
2021 19,041.67 790 38083.34 1580 15042919.30

R = - 0.95845127

Formula:

INTERPRETATION:
The above data shows the sales and dividend correlation for 2017 to 2021 and the
correlation between sales and dividend is 0.95845127. It is positive correlation. So, the trend
moves in the same direction.

35
SALES AND DIVDEND

YEAR SALES DIVIDEND x² y² XY

(X) (Y)
2017 202,022.23 325 404044.46 650 65657224.75
2018 235,551.76 210 471103.52 420 49465869.60
2019 296,036.97 190 592073.94 380 56247024.30
2020 283,195.63 165 566391.26 330 46727278.95
2021 231,509.86 790 463019.72 1580 182892789.4

R= -0.4532395

Formula:

INTERPRETATION:

The above data shows the sales and dividend correlation for 2017 to 2021 and the
correlation between sales and dividend is -0.4532395. It is negative correlation. So, the trend
moves in the opposite direction.

36
EARNINGS AND DILUTED PER SHARE

YEAR EARNINGS DILUTED x² y² XY

PER SHARE EARNINGS
PER SHARE

(X) (Y)

2017 96.44 96.12 192.88 9612 9269.8128

2018 13.64 13.64 27.28 1364 186.0496

2019 36.26 36.26 72.52 3626 1314.7876

2020 40.55 40.55 81.1 4055 1644.3025

2021 40.87 40.87 81.74 4087 1670.3569

R=0.99999851

Formula:

INTERPRETATION:

The above data shows the Earnings per Share and Diluted Earnings per Share correlation for
2017 to 2021 and the correlation between Earnings per Share and Diluted Earnings per
Share is 0.99999851. It is positive correlation. So, the trend moves in the same direction.

37
 WORKING CAPITAL & NET PROFIT CORRELATION

YEAR WORKING NET x² y² XY

CAPITAL PROFIT

(X) (Y)

2017 -9231.14 8,039.30 -18462.28 16078.6 -74211903.80

2018 -7714.86 7,976.30 -15429.72 15952.6 -61536037.82
2019 -604.41 7,132.02 -1208.82 14264.04 -4310664.21
2020 -17941.55 2,683.19 -35883.1 5366.38 -48140587.54
2021 -3782.82 19,041.67 -7565.64 38083.34 -72031210.11

R=0.5803363

Formula:

INTERPRETATION:

The above data shows the Working Capital and Net Profit correlation for 2017 to 2021 and
the correlation between Working Capital and Net Profit is 0.58033634. It is positive
correlation. So, the trend moves in the same direction.

38
 CHAPTER:5

Findings and summary

 The company’s current ratio in 2017 is 2.11 increases till 2019 to 2.44 and then
its Slightly decrease in 2020 and gradually increase in 2021 is 2.56
 The company debt equity ratio in 2017 is 2.35 and increases till 2018 to 2.76 and
then its slightly decrease in 2019 to 2020 and gradually increase From 2021 to
2.88.
 The company proprietary ratio in 2017 is 3.29 and it fastly increases from 2018-
2001 from 3.46 to 4.59 then it sightly decrease in 2021 to 4.19.
 The company Net profit ratio in 2017 is 1060.94 and increases 2018 is
8778.79and Decreases from 2019 to 2021.
 The company operating profit ratio2017 is 0.41 and decreased in 2018 to 0.09
and increased in 2019 to 2021from 0.15 to 0.28.
 The company’s liquidity ratio of 2017 is 1.49 and increased in 2018 – 2019 from 1.78
– 1.99 and Slightly decreased in 2020 to 1.78 and increased in 2021 as 2.20.
 The company’s Debtors Turnover Ratio in 2017 is 2580.93 and increased in 2018-
2020 from 4561.12 – 5497.09 and it sightly decrease in 2021 is 4865.52.
 The company’s creditors turnover ratio in 2017 is 0.46 and decreased in 2028 is
0.31 and increased in 2019-2020 from 0.42-0.43 and sightly decrease in 2021 as
0.36.
 The company’s Gross profit ratio of 2017 is 10.23 and it is decreased in 2018 to
3.16 and it increased from 2019-2021 as 5.75 to 7.73.
 The company’s Earnings per share in 2017 is 5082.06 and increased from 2018 till
2020 to 5876.81 to 8165.38 and decreased in 2021 to3581.91.
 The sales and net profit correlation for 2017 to 2021 and the correlation between
sales and net profit is -0.4462807. It is negative correlation. So the trend moves in
the opposite direction.
 The sales and dividend correlation for 2017 to 2021 and the correlation between
sales and dividend is 0.95845127. It is positive correlation. So, the trend moves in
the same direction.
 The sales and dividend correlation for 2017 to 2021 and the correlation between
sales and dividend is -0.4532395. It is negative correlation. So, the trend moves in
the opposite direction.

39
 The Earnings per Share and Diluted Earnings per Share correlation for 2017 to
2021 and the correlation between Earnings per Share and Diluted Earnings per
Share is 0.99999851. It is positive correlation. So, the trend moves in the same
direction.
 The Working Capital and Net Profit correlation for 2017 to 2021 and the
correlation between Working Capital and Net Profit is 0.58033634. It is positive
correlation. So, the trend moves in the same direction.

40
 CHAPTER 6

MY WORK EXPERIENCE:

My working experience was amazing, I had a great working time but I can’t
direct internship with the chosen Bharat Petroleum corporation limited company
because of corona. So I worked in an auditor firm and completed my Internship
with my knowledge.

After completing this project to know about new creative ideas and taught me a lot
a new thing about the corporate world.

The work gave to me in the initial days was Related to data entry, verifying data in
the system with the records of the balance sheet, profit and loss a. Then, I was
trained with the deriving the total income of the assets. I had to enter the expenses
and income of the assets in the system under the different heads and the software
would automatically calculated the total income of the assets.

I have done a comparatives between

 Balance sheet
 Profit and loss

After completing of comparative those I would have done the 10 ratio analysis
formulas are done in the ratio analysis it very easy to understand the company
analysis their profits, investments, etc.

Next to statistical analysis is to find the trend value between sales with the all
profits (gross profit, net profit and operating profit)

Finally it a correlation between the year of 2016 to 2020 . It very useful for
company to show the positive line, negative line or a zero value.

Even though i done project work from home to know about corporate financial. It helped to
developed my knowledge, skills and it was a very good experience. I found the work very
interesting; we had to verify the corrections of the stock and accounts maintained by the
clients. In this process of auditing, an audit report was also prepared with the finding and
suggestion to the proprietor of the business concern. It was very good experience for me
doing project work from home While doing all this work Internship is a good platform for
the students to

41
 understand various things the working of the corporate world and developing knowledge in
them but unfortunately. We does not get this direct internship because of this corona
situation.

SKILLS AND KNOWNLEDGE GAINED

 Deriving total income

 Calculating a trend analysis
 Gains and loss of the company
 Auditing

I would thank all the staffs for giving me a wonderful experience of working for a period of
one month. I had never thought that an intern will be so welcomed and considered for the
job even without completing his graduation.

All were very Supporting and guiding me throughout the internship program. Initially I
fumbled when I was giving some work but with their support and assistance. I gained a lot
of confidence and made myself comfortable with each and every one.

42
 CHAPTER-7

BIBLIOGRAPH

 www.moneycontrol.com

 www.bseindia.com

 www.trendlyne.com

 www.economictimes.com

 www.bharath petroleum corporation limited.com

43
 ANNEXURES:

BALANCE SHEET

Particulars Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 1,966.88 1,966.88 1,966.88 2,092.91 2,129.45
Total Share Capital 1,966.88 1,966.88 1,966.88 2,092.91 2,129.45
Reserves and Surplus 32,164.61 34,770.80 31,247.50 51,595.15 47,540.33
Total Reserves and Surplus 32,164.61 34,770.80 31,247.50 51,595.15 47,540.33
Total Shareholders Funds 34,131.49 36,737.68 33,214.38 54,544.55 49,669.78
NON-CURRENT LIABILITIES
Long Term Borrowings 14,758.22 23,628.57 20,481.83 17,032.84 15,481.97
Deferred Tax Liabilities [Net] 4,955.52 6,168.99 5,967.29 4,471.55 4,882.70
Other Long Term Liabilities 201.54 340.49 6,226.58 8,209.92 8,749.45
Long Term Provisions 1,367.04 1,509.86 1,574.12 1,600.51 186.59
Total Non-Current Liabilities 21,282.32 31,647.91 34,249.82 31,314.82 29,300.71
CURRENT LIABILITIES
Short Term Borrowings 8,093.01 3,580.75 17,721.37 4,232.81 8,641.12
Trade Payables 14,989.52 17,235.18 12,509.54 16,245.30 30,834.68
Other Current Liabilities 20,182.07 24,678.77 26,942.87 32,408.09 29,184.74
Short Term Provisions 1,452.76 1,746.96 1,831.00 1,858.92 2,881.53
Total Current Liabilities 44,717.36 47,241.66 59,004.78 54,745.12 71,542.07
Total Capital And Liabilities 1,00,131.17 1,15,627 1,26,469 1,40,604 1,50,513
ASSETS
NON-CURRENT ASSETS
Tangible Assets 42,810.60 46,259.18 56,687.98 63,526.50 68,751.37
Intangible Assets 217.51 228.7 262.93 409.7 743.25
Capital Work-In-Progress 4,043.75 6,702.63 9,108.09 7,094.78 3,312.69
Intangible Assets Under
363.83 363.1 396.62 357.6 17.27
Development
Other Assets 0.26 0.24 0.21 0.05 0.03
Fixed Assets 47,435.95 53,553.85 66,455.83 71,388.63 72,824.61
Non-Current Investments 10,631.17 10,915.73 10,849.48 10,889.82 15,794.55
Long Term Loans And Advances 3,089.91 2,515.66 5,442.94 4,927.57 4,555.86
Other Non-Current Assets 1,971.64 2,004.76 2,657.50 2,436.17 2,641.40
Total Non-Current Assets 63,128.67 68,990.00 85,405.75 89,642.19 95,816.42
CURRENT ASSETS
Current Investments 4,995.18 5,075.89 5,208.54 6,794.27 4,442.27
Inventories 20,874.57 21,544.65 20,421.06 26,756.75 36,307.06
Trade Receivables 5,151.73 6,670.72 5,164.34 7,827.47 9,738.32
Cash And Cash Equivalents 182.53 95.41 115.78 7,053.49 834.49
44
Short Term Loans And Advances 71.02 1,628.88 590.58 137.9 135.99
OtherCurrentAssets 5,727.47 11,621.70 9,562.93 2,392.42 3,238.01
Total Current Assets 37,002.50 46,637.25 41,063.23 50,962.30 54,696.14
Total Assets 1,00,131.17 1,15,627 1,26,469 1,40,604 1,50,513

45
 PROFIT AND LOSS:

PARTICULARS Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

Income
Revenue from operations
2,76,400.89 3,36,384.45 3,26,393.46 3,00,829.72 4,32,258.07
[gross]
Less: Excise/Sevice Tax/Other
40,849.13 40,347.48 43,197.83 69,319.86 71,129.71
Levies

Revenue from operations [net] 2,35,551.76 2,96,036.97 2,83,195.63 2,31,509.86 3,61,128.36

Total operating revenues 2,36,421.41 2,97,275.50 2,84,382.95 2,32,545.12 3,62,276.77

other income 2,911.10 2,983.60 3,081.31 4,344.45 2,412.42
Total revenue 2,39,332.51 3,00,258.65 2,87,464.26 2,36,889.57 3,64,689.19
Cost Of Materials Consumed 81,467.45 1,19,419.22 1,13,229.30 71,153.56 1,38,708.46
Purchase Of Stock-In Trade 1,25,462.73 1,46,974.60 1,43,164.25 1,27,800.87 1,89,085.80
Operating And Direct
0 0 0 0 0
Expenses
Changes In Inventories Of
320.6 -1,703.06 -456.62 -3,633.57 -4,288.73
FG,WIP And Stock-In Trade
Employee Benefit Expenses 3,437.44 3,664.18 3,691.45 4,477.17 3,314.45
Finance Costs 833.25 1,318.96 2,181.86 1,328.36 1,860.48
Depreciation And
2,653.00 3,189.28 3,786.89 3,978.05 4,754.27
Amortisation Expenses
Other Expenses 13,872.07 16,956.39 18,115.26 15,616.46 19,263.96
Total expenses 2,28,046.54 2,89,819.30 2,83,712.39 2,20,720.90 3,52,698.69
Profit/loss before exceptional,
11,285.97 10,439.62 3,751.87 16,168.67 11,990.50
extraordinary items and tax
Exceptional Items 0 0 -1,080.83 6,448.91 -77.06
Profit/loss before tax 11,285.97 10,439.62 2,671.04 22,617.58 11,913.44
Tax expenses- continued
operations
Current Tax 2,141.08 2,079.00 201 5,134.78 2,658.00
Less: MAT Credit Entitlement 0 0 0 0 0
Deferred Tax 1,434.58 1,316.48 400.68 -402.98 323.19
Tax For Earlier Years -265.99 -87.88 -613.83 -1,155.89 143.52
Total tax expenses 3,309.67 3,307.60 -12.15 3,575.91 3,124.71
Profit/loss after tax and before
7,976.30 7,132.02 2,683.19 19,041.67 8,788.73
extraordinary
Profit/Loss From Continuing
7,976.30 7,132.02 2,683.19 19,041.67 8,788.73
Operations
Profit/Loss For The Period 7,976.30 7,132.02 2,683.19 19,041.67 8,788.73

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