Finacial Management Asian Paints
FINANCIAL MANAGEMENT PROJECT
2013
Submitted By: Mohit Surana | 153 | Anubha Yadav | 159 | Astha Mathur | | Nikhil Bansal | 106 |
Asian Paints Ltd
Asian Paints is India’s largest paint company and Asia’s third largest paint company, with a turnover of Rs 96.32 billion. The group has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 17 countries and has 23 paint manufacturing facilities in the world servicing consumers in over 65 countries. Today it is double the size of any other paint company in India. Major competitors include Kansai Nerolac, Shalimar Paints, Dulux and Sheenlac Paints.
In this report we have calculated different ratios and using them tried to analyze the performance of the company, for the analysis the various ratios used are:- | Asian Paints | Kansai Nerolac | Berger Paints | LEVERAGE RATIOS | 2012 | 2011 | 2010 | 2009 | 2008 | 2012 | 2012 | D/E | 0.12 | 0.11 | 0.13 | 0.25 | 0.26 | 0.14 | 0.43 | Times interest earned | 35.49 | 56.69 | 44.12 | 23.57 | 30.24 | 23.00 | 9.80 | | | | | | | | | PROFITABILITY RATIOS | | | | | | | | GPM(%) | 48.12% | 45.47% | 46.72% | 45.14% | 47.71% | 32.66% | 31.60% | OPM(%) | 15.44% | 15.20% | 16.75% | 11.11% | 13.00% | 12.31% | 10.62% | NM(%) | 11.11% | 10.84% | 11.70% | 8.20% | 4.65% | 9.04% | 7.94% | ROA(%) | 35.38% | 37.74% | 43.57% | 33.91% | 19.50% | 32.57% | 29.43% | ROI(%) | 34.31% | 38.14% | 50.22% | 25.73% | 33.61% | 33.19% | 28.74% | ROE(%) | 45.02% | 48.22% | 59.40% | 47.29% | 48.50% | 39.12% | 39.66% | | | | | | | | | MARKET BASED RATIOS | | | | | | | | P/E | 49.9 | 39.7 | 35.7 | 57.2 | 28.9 | 29.74 | 32.02 | Retention Ratio | 56.29% | 59.01% | 62.05% | 54.18% | 55.82% | 66.19% | 68.74% | | | | | | | | | LIQUIDITY RATIOS | | | | | | | | Current ratio | 1.30 | 1.13 | 1.08 | 1.40 | 1.20 | 1.94 | 1.80 | Quick
2013
Submitted By: Mohit Surana | 153 | Anubha Yadav | 159 | Astha Mathur | | Nikhil Bansal | 106 |
Asian Paints Ltd
Asian Paints is India’s largest paint company and Asia’s third largest paint company, with a turnover of Rs 96.32 billion. The group has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 17 countries and has 23 paint manufacturing facilities in the world servicing consumers in over 65 countries. Today it is double the size of any other paint company in India. Major competitors include Kansai Nerolac, Shalimar Paints, Dulux and Sheenlac Paints.
In this report we have calculated different ratios and using them tried to analyze the performance of the company, for the analysis the various ratios used are:- | Asian Paints | Kansai Nerolac | Berger Paints | LEVERAGE RATIOS | 2012 | 2011 | 2010 | 2009 | 2008 | 2012 | 2012 | D/E | 0.12 | 0.11 | 0.13 | 0.25 | 0.26 | 0.14 | 0.43 | Times interest earned | 35.49 | 56.69 | 44.12 | 23.57 | 30.24 | 23.00 | 9.80 | | | | | | | | | PROFITABILITY RATIOS | | | | | | | | GPM(%) | 48.12% | 45.47% | 46.72% | 45.14% | 47.71% | 32.66% | 31.60% | OPM(%) | 15.44% | 15.20% | 16.75% | 11.11% | 13.00% | 12.31% | 10.62% | NM(%) | 11.11% | 10.84% | 11.70% | 8.20% | 4.65% | 9.04% | 7.94% | ROA(%) | 35.38% | 37.74% | 43.57% | 33.91% | 19.50% | 32.57% | 29.43% | ROI(%) | 34.31% | 38.14% | 50.22% | 25.73% | 33.61% | 33.19% | 28.74% | ROE(%) | 45.02% | 48.22% | 59.40% | 47.29% | 48.50% | 39.12% | 39.66% | | | | | | | | | MARKET BASED RATIOS | | | | | | | | P/E | 49.9 | 39.7 | 35.7 | 57.2 | 28.9 | 29.74 | 32.02 | Retention Ratio | 56.29% | 59.01% | 62.05% | 54.18% | 55.82% | 66.19% | 68.74% | | | | | | | | | LIQUIDITY RATIOS | | | | | | | | Current ratio | 1.30 | 1.13 | 1.08 | 1.40 | 1.20 | 1.94 | 1.80 | Quick