Mahindra and Mahindra

Profit & Loss account

Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Selling and Admin Expenses
Miscellaneous Expenses
Preoperative Exp Capitalised
Total Expenses

Operating Profit
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Extra-ordinary items
PBT (Post Extra-ord Items)
Tax
Reported Net Profit
Total Value Addition
Preference Dividend
Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)

Mar '11
12 mths

Mar '10
12 mths

Mar '09
12 mths

Mar '08
12 mths

25,569.55
2,092.02
23,477.53
563.13
202.23
24,242.89

20,323.63
1,807.30
18,516.33
285.09
23.69
18,825.11

14,668.13
1,587.05
13,081.08
132.65
-156.29
13,057.44

12,894.94
1,584.57
11,310.37
575.96
149.11
12,035.44

16,604.88
143.93
1,445.56
98.33
1,735.63
261.1
-50.87
20,238.56
Mar '11

12,461.56
120.97
1,199.85
96.92
1,439.26
264.21
-59.55
15,523.22
Mar '10

9,208.71
98.69
1,024.52
75.36
1,109.96
165.83
-42.83
11,640.24
Mar '09

7,963.82
91.33
853.65
73.35
1,108.33
257.84
-46.49
10,301.83
Mar '08

12 mths

12 mths

12 mths

12 mths

3,441.20
4,004.33
70.86
3,933.47
413.86
0
3,519.61
0
3,519.61
857.51
2,662.10
3,633.68
0
706.08
96.56

3,016.80
3,301.89
156.85
3,145.04
370.78
0
2,774.26
72.49
2,846.75
759
2,087.75
3,061.66
0
549.52
74.23

1,284.55
1,417.20
134.12
1,283.08
291.51
0
991.57
48.97
1,040.54
199.69
836.78
2,431.53
0
278.83
33.23

1,157.65
1,733.61
87.59
1,646.02
238.66
0.59
1,406.77
0
1,406.77
303.4
1,103.37
2,338.01
0
282.61
38.48

5,872.47

5,659.08

2,726.16

2,390.73

45.33

36.89

30.69

46.15

230

190

100

115

Book Value (Rs)

174.85

138.02

191.91

181.43

TATA MOTORS
Mar '11
12 mths

Mar '10
12 mths

Mar '09
12 mths

Mar '08
12 mths

52,067.87
4,110.63
47,957.24
341.53
354.22
48,652.99

38,173.39
2,800.10
35,373.29
1,220.86
606.63
37,200.78

28,538.20
2,877.53
25,660.67
921.29
-238.04
26,343.92

33,123.54
4,355.63
28,767.91
734.17
-40.48
29,461.60

35,047.05
471.28
2,294.02
1,753.46
2,790.19
2,067.42
-817.68
43,605.74
Mar '11

25,366.12
362.62
1,836.13
1,289.60
2,126.10
1,707.06
-740.54
31,947.09
Mar '10

18,801.37
304.94
1,551.39
866.65
1,652.31
1,438.89
-916.02
23,699.53
Mar '09

20,891.33
325.19
1,544.57
904.95
2,197.49
964.78
-1,131.40
25,696.91
Mar '08

12 mths

12 mths

12 mths

12 mths

4,705.72
5,047.25
1,383.79
3,663.46
1,360.77
106.17
2,196.52
0
2,196.52
384.7
1,811.82
8,558.69
0
1,274.23
192.8

4,032.83
5,253.69
1,246.25
4,007.44
1,033.87
144.03
2,829.54
0
2,829.54
589.46
2,240.08
6,580.97
0
859.05
132.89

1,723.10
2,644.39
704.92
1,939.47
874.54
51.17
1,013.76
15.29
1,029.05
12.5
1,001.26
4,898.16
0
311.61
34.09

3,030.52
3,764.69
471.56
3,293.13
652.31
64.35
2,576.47
0
2,576.47
547.55
2,028.92
4,805.58
0
578.43
81.25

6,346.14

5,705.58

5,140.08

3,855.04

28.55

39.26

19.48

52.63

200

150

60

150

314.93

259.03

240.64

202.7

Balance Sheet
Mahindra And Mahindra
Sources Of Funds
Total Share Capital
Equity Share Capital

Share Application Money

Preference Share Capital
Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities

Application Of Funds
Gross Block
Less: Accum. Depreciation
Net Block
Capital Work in Progress
Investments
Inventories
Sundry Debtors
Cash and Bank Balance
Total Current Assets
Loans and Advances
Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets
Miscellaneous Expenses
Total Assets
Contingent Liabilities
Book Value (Rs)

Mar '11
12 mths

Mar '10
12 mths

Mar '09
12 mths

Mar '08
12 mths

Mar '07
12 mths

293.62
293.62

282.95
282.95

272.62
272.62

239.07
239.07

238.03
238.03

33.97
8.01
0
0
9,974.62 7,527.60
11.18
11.67
10,313.39 7,830.23
407.23
602.45
1,998.06 2,277.70
2,405.29 2,880.15
12,718.68 10,710.38
Mar '11
Mar '10
12 mths
12 mths

0
0
4,959.26
12.09
5,243.97
981
3,071.76
4,052.76
9,296.73
Mar '09
12 mths

0
0
4,098.53
12.47
4,350.07
617.26
1,969.80
2,587.06
6,937.13
Mar '08
12 mths

0
0
3,302.01
12.86
3,552.90
106.65
1,529.35
1,636.00
5,188.90
Mar '07
12 mths

5,849.27 4,866.18
2,841.73 2,537.77
3,007.54 2,328.41
1,364.31 1,374.31
9,325.29 6,398.02
1,694.21 1,188.78
1,354.72 1,258.08
447.62
475.17
3,496.55 2,922.03
2,653.52 2,034.47
167.02 1,268.06
6,317.09 6,224.56
0
0
5,289.67 3,822.50
2,005.88 1,796.54
7,295.55 5,619.04
-978.46
605.52
0
4.12
12,718.68 10,710.38

4,653.66
2,326.29
2,327.37
886.96
5,786.41
1,060.67
1,043.65
635.61
2,739.93
1,402.45
938.82
5,081.20
0
3,520.20
1,277.56
4,797.76
283.44
12.55
9,296.73

3,552.64
1,841.68
1,710.96
649.94
4,215.06
1,084.11
1,004.88
310.58
2,399.57
866.19
550.65
3,816.41
0
2,525.31
943.46
3,468.77
347.64
13.53
6,937.13

3,180.57
1,639.12
1,541.45
329.72
2,237.46
878.48
700.89
415.89
1,995.26
1,011.50
910.18
3,916.94
0
2,138.77
715.43
2,854.20
1,062.74
17.55
5,188.92

2,632.10
174.85

2,307.70
138.02

1,220.39
191.91

985.35 1,008.27
181.43
148.72

Tata Motors
Mar '11
12 mths

Mar '10
12 mths

Mar '09
12 mths

Mar '08
12 mths

Mar '07
12 mths

634.65
634.65

570.6
570.6

514.05
514.05

385.54
385.54

385.41
385.41

3.06
0
19,351.40
24.19
20,013.30
7,766.05
8,132.70
15,898.75
35,912.05
Mar '11
12 mths

0
0
14,208.55
24.63
14,803.78
7,742.60
8,883.31
16,625.91
31,429.69
Mar '10
12 mths

0
0
11,855.15
25.07
12,394.27
5,251.65
7,913.91
13,165.56
25,559.83
Mar '09
12 mths

0
0
7,428.45
25.51
7,839.50
2,461.99
3,818.53
6,280.52
14,120.02
Mar '08
12 mths

0
0
6,458.39
25.95
6,869.75
2,022.04
1,987.10
4,009.14
10,878.89
Mar '07
12 mths

Application Of Funds
Gross Block
21,883.32
Less: Accum. Depreciation
8,466.25
Net Block
13,417.07
Capital Work in Progress
4,058.56
Investments
22,624.21
Inventories
3,891.39
Sundry Debtors
2,602.88
Cash and Bank Balance
638.79
Total Current Assets
7,133.06
Loans and Advances
5,852.42
Fixed Deposits
1,790.13
Total CA, Loans & Advances 14,775.61
Deffered Credit
0
Current Liabilities
15,740.69
Provisions
3,222.71
Total CL & Provisions
18,963.40
Net Current Assets
-4,187.79
Miscellaneous Expenses
0
Total Assets
35,912.05

18,416.81
7,212.92
11,203.89
5,232.15
22,336.90
2,935.59
2,391.92
612.16
5,939.67
5,248.71
1,141.10
12,329.48
0
16,909.30
2,763.43
19,672.73
-7,343.25
0
31,429.69

13,905.17
6,259.90
7,645.27
6,954.04
12,968.13
2,229.81
1,555.20
638.17
4,423.18
5,909.75
503.65
10,836.58
0
10,968.95
1,877.26
12,846.21
-2,009.63
2.02
25,559.83

10,830.83
5,443.52
5,387.31
5,064.96
4,910.27
2,421.83
1,130.73
750.14
4,302.70
4,831.36
1,647.17
10,781.23
0
10,040.37
1,989.43
12,029.80
-1,248.57
6.05
14,120.02

8,775.80
4,894.54
3,881.26
2,513.32
2,477.00
2,500.95
782.18
535.78
3,818.91
6,208.53
290.98
10,318.42
0
6,956.88
1,364.32
8,321.20
1,997.22
10.09
10,878.89

3,708.33
259.03

5,433.07
240.64

5,590.83
202.7

5,196.07
177.59

Sources Of Funds
Total Share Capital
Equity Share Capital

Share Application Money

Preference Share Capital
Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities

Contingent Liabilities
Book Value (Rs)

4,798.83
314.93

Mahindra And Mahindra

Mar '11

Mar '10

Mar '09

Mar '08

Investment Valuation Ratios

Face Value

10

10

Dividend Per Share

11.5

9.5

10

11.5

Operating Profit Per Share (Rs)

Net Operating Profit Per Share
(Rs)

58.6

53.31

47.12

48.42

399.79

327.2

479.84

473.09

Free Reserves Per Share (Rs)

165.14

120.24

170.32

168.36

58.1

60.29

62.58

71.36

Operating Profit Margin(%)

14.65

16.29

9.81

10.23

Profit Before Interest And Tax

Margin(%)
Gross Profit Margin(%)
Cash Profit Margin(%)
Adjusted Cash Margin(%)
Net Profit Margin(%)
Adjusted Net Profit Margin(%)

12.67
12.89
12.19
12.19
11.14
11.14

14.04
14.29
12.84
12.84
11.08
11.08

7.41
7.59
9.38
9.38
6.25
6.25

7.87
8.12
9.68
9.68
9.45
9.45

26.96
25.92

27.7
26.74

13.99
16.03

18.52
25.51

24.33

26.23

18.49

20.61

174.85

137.95

191.45

180.87

175.04

138.15

191.9

181.39

27.05

27.73

14.51

19.64

0.86
0.61
0.23
0.32

1.11
0.86
0.37
0.46

0.9
0.83
0.77
0.83

0.86
0.74
0.6
0.63

Bonus in Equity Capital

Profitability Ratios

Return On Capital Employed(%)

Return On Net Worth(%)
Adjusted Return on Net
Worth(%)
Return on Assets Excluding
Revaluations
Return on Assets Including
Revaluations
Return on Long Term Funds(%)
Liquidity And Solvency Ratios
Current Ratio
Quick Ratio
Debt Equity Ratio
Long Term Debt Equity Ratio
Debt Coverage Ratios

Interest Cover
Total Debt to Owners Fund
Financial Charges Coverage
Ratio
Financial Charges Coverage
Ratio Post Tax

48.36
0.23

18.9
0.37

9.69
0.77

14.64
0.6

54.2

21.26

11.86

17.37

44.41

16.67

9.41

16.33

Inventory Turnover Ratio

Debtors Turnover Ratio
Investments Turnover Ratio
Fixed Assets Turnover Ratio
Total Assets Turnover Ratio
Asset Turnover Ratio

15.64
17.97
15.64
4.08
1.86
4.08

17.91
16.09
17.91
3.85
1.74
3.85

14.56
12.77
14.56
2.84
1.42
2.84

12.49
13.26
12.49
3.22
1.64
3.22

Average Raw Material Holding

Average Finished Goods Held
Number of Days In Working
Capital

19.18
14.24

15.22
13.32

16.05
16.26

16.77
23.39

-15

11.77

7.8

11.07

70.72

67.3

70.39

70.41

1.79

1.51

1.39

1.59

4.41

4.33

4.39

7.11

4.68

4.11

5.28

7.81

Management Efficiency Ratios

Profit & Loss Account Ratios

Material Cost Composition
Imported Composition of Raw
Materials Consumed
Selling Distribution Cost
Composition
Expenses as Composition of
Total Sales
Mar '11

Earnings Per Share

Book Value

45.33
174.85

Mar '10

36.89
138.02

Mar '09

30.69
191.91

Mar '08

46.15
181.43

Mar '11

Mar '10

Mar '09

Mar '08

10

10

10

10

20

15

15

74.15

70.68

33.52

78.61

755.69

619.98

499.23

746.24

287.53

229.67

217.77

182.38

17.53

19.5

21.64

28.86

9.81

11.4

6.71

10.53

6.91
6.97
6.94
6.94
3.74
3.74

8.38
8.47
7.26
7.26
6.26
6.26

3.2
3.3
6.97
6.97
3.77
3.77

8.16
8.26
8.13
8.13
6.96
6.96

10.19
9.06

10.37
15.15

6.41
8.09

18.96
25.98

9.46

9.61

7.45

21.18

314.93

259.03

240.6

202.54

315.31

259.46

241.09

203.2

12.01

12.26

8.89

22.85

0.53
0.54
0.8
0.52

0.44
0.44
1.12
0.8

0.44
0.58
1.06
0.49

0.64
0.66
0.8
0.5

2.64
0.8

2.61
1.12

2.43
1.06

6.28
0.8

3.7

3.56

3.64

7.19

3.37

3.74

3.73

6.82

13.86
19.2
13.86
2.22
1.35
2.22

13.5
17.92
13.5
1.95
1.14
1.95

13.47
19.11
13.47
1.88
1.02
1.88

14.44
30.08
14.44
2.69
2.06
2.69

19.8
15.09

15.66
17.7

20.9
13.64

15.08
16.81

-31.44

-74.73

-28.19

-15.62

73.07

71.7

73.26

72.62

5.9

5.94

5.82

4.6

4.77

4.47

4.77

4.09

8.61

9.49

9.88

80.96
44.74
22.42
56.32
4.73

44.28
29.02
30.22
61.84
6.4

34.52
17.94
62.49
81.29
7.13

32.51
24.02
60.13
72.18
2.65

Mar '11
28.55
314.93

Mar '10
39.26
259.03

Mar '09
19.48
240.64

Mar '08
52.63
202.7

Quick Ratio
1.2
1
0.9

0.8
0.8

0.7
0.6
0.5

Mahindra And Mahindra

0.4

Tata Motors

0.3
0.2

0.6
0.4
0.2

0.1
0
Mar '11

Mar '10

Mar '09

Mar '08

0
Mar '11

Current Ratio

Mahindra And
Mahindra
Tata Motors

Mar '11

Mar '10

Mar '09

Mar '08