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Industry ratios

Description 2013 2012 2011

Margin Ratios

EBITDA Margin(%) 10.27 8.1 9.81

EBIT Margin(%) 6.48 5.46 7.58

Pre Tax Margin(%) 6.09 5.26 7.44

Performance Ratios

ROA(%) 7.62 5.94 9.77

ROE(%) 14.16 11.03 17.77

ROCE(%) 17.4 14.15 23.29

Asset Turnover(x) 1.56 1.49 1.78

Sales/Fixed Asset(x) 2.8 2.92 3.61

Working Capital/Sales(x) 11.98 9.15 7.64

Efficiency Ratios

Fixed Capital/Sales(x) 0.36 0.34 0.28

Receivable days 8.86 8.21 7.31

Inventory Days 13.77 15.38 12.26

Payable days 34.92 33.48 28.02

Growth Ratio

Net Sales Growth(%) 20.61 -3.21 25.53

Core EBITDA Growth(%) 55.11 -20.64 -7.91

EBIT Growth(%) 45.22 -30.74 -12.28

PAT Growth(%) 48.98 -29.89 -6.4

Financial Stability Ratios

Total Debt/Equity(%) 0.07 0.09 0.03

Current Ratio(x) 1.29 1.33 1.52

Quick Ratio(x) 1.17 1.2 1.39

Interest Cover(x) 16.76 28.47 56.15

Maruti Suzuki ratios

DESCRIPTION Mar-13 Mar-12 Mar-11

Operational & Financial Ratios

Earnings Per Share (Rs) 81.76 58.17 82.44

DPS(Rs) 8.00 7.50 7.50

Book Value (Rs) 630.06 542.38 495.11

Tax Rate(%) 20.24 23.84 26.41

Dividend Pay Out Ratio(%) 9.78 12.89 9.10

Margin Ratios

PBIDTM (%) 10.34 8.41 10.12EBITM (%) 6.55 5.51 7.63

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Pre Tax Margin(%) 6.15 5.36 7.56

Performance Ratios

ROA (%) 9.68 7.74 12.82

ROE (%) 14.11 10.90 17.42

ROCE (%) 17.34 13.85 22.72

Asset Turnover(x) 1.97 1.90 2.30

Inventory Turnover(x) 26.78 24.45 31.10

Debtors Turnover(x) 39.98 42.43 47.91

Fixed Asset Turnover (x) 2.83 2.97 3.67

Sales/Working Capital (x) 11.93 8.77 7.35

Efficiency Ratios

Fixed Capital/Sales(x) 0.35 0.34 0.27

Receivable days 9.13 8.60 7.62

Inventory Days 13.63 14.93 11.74

Payable days 34.95 33.14 27.18

Growth Ratio

Net Sales Growth(%) 22.76 -2.87 25.56

Core EBITDA Growth(%) 53.07 -19.69 -7.70

EBIT Growth(%) 48.08 -30.26 -14.57

PAT Growth(%) 49.87 -29.18 -9.35

Financial Stability RatiosTotal Debt/Equity(x) 0.08 0.09 0.03

Current Ratio(x) 1.60 1.68 2.37

Quick Ratio(x) 1.34 1.44 2.09

Interest Cover(x) 16.52 35.83 107.63

Tata motors

DESCRIPTION Mar-13 Mar-12 Mar-11

Operational & Financial Ratios

Earnings Per Share (Rs) 0.95 3.91 28.55

DPS(Rs) 2.00 4.00 20.00

Book Value (Rs) 59.91 60.95 314.94

Dividend Pay Out Ratio(%) 211.39 102.19 70.05

Margin Ratios

PBIDTM (%) 7.72 8.02 9.94

EBITM (%) 3.17 4.32 6.99

Pre Tax Margin(%) 0.35 2.26 4.29

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PATM (%) 0.61 2.10 3.54

Performance Ratios

ROA (%) 0.57 2.29 3.46

ROE (%) 1.57 6.32 10.37

ROCE (%) 4.39 7.20 10.62

Asset Turnover(x) 0.93 1.09 0.98

Inventory Turnover(x) 10.91 13.97 14.99

Debtors Turnover(x) 21.79 22.30 20.49

Fixed Asset Turnover (x) 1.89 2.53 2.54

Sales/Working Capital (x) -4.50 -7.03 -6.38

Efficiency Ratios

Fixed Capital/Sales(x) 0.53 0.40 0.39

Receivable days 16.75 16.37 17.81

Inventory Days 33.46 26.13 24.34

Payable days 36.41 30.11 38.55

Growth Ratio

Net Sales Growth(%) -17.57 15.33 32.30

Core EBITDA Growth(%) -19.90 -6.61 -0.42

EBIT Growth(%) -38.95 -28.51 -12.16

PAT Growth(%) -75.70 -31.44 -19.12

Financial Stability Ratios

Total Debt/Equity(x) 0.88 0.82 0.80

Current Ratio(x) 0.48 0.62 0.58

Quick Ratio(x) 0.27 0.41 0.37

Interest Cover(x) 1.13 2.10 2.59

EBITDA MARGIN The industry ratio is 10.27% and maruti Suzuki ratio is 10.34% and where as tata

motor has lower ratio then industry and maruti at 7.72% which means tata

motor have more operating expenses.

PRE TAX MARGIN Maruti Suzuki has 6.14% a higher pre tax margin ratio then both industry 6.09%

and tata motors 0.35% which means it provides an indication of which way the

company's profitability is headed.

ROA Tata motors have 0.54 %lowest ROA then both industry 7.62% and maruti Suzuk9.68 %

because companies net income is fallen.

ROE Tata motors have 1.50 % fallen ROE then industry ratio 14.16 % and maruti Suzuki

14.11% because the net income of tata motor is lowered then previous year.

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Inventory days Industry ratio is 13.77 and maruti Suzuki is 13.67 and tata motors inventory days

is 10.33 which indicates tata motors inventory is slow it takes time to sale its

product.

Receivables days Industry receivables is 8.86 days ,maruti Suzuki 9.13 and where as tata motors16.75 which means it takes 16.75 days for tata motors to receives its credit .

Payable days Industry payables is 34.92 days, maruti Suzuki 34.95 and tata motors 36.41

which means tata motors takes 36.41 days to pays It credit.

NET SALES

GROWTH

Industry net sales growth is 20.61, maruti Suzuki growth is 22.76 which is more

than industry and tata motor growth is in negative -17.57.

PAT Industry profit after tax is 48.78 ,maruti Suzuki 49.87 and where as tata motors

is in negative -75.95

CURRENT RATIO Industry ratio is 1.29 where as maruti Suzuki is 1.60 and tata motors is 0.98

which means the is not able to convert into cash .

INTEREST

COVERAGE

A ratio used to determine how easily indusrty ratio is 16.76 ,maruti Suzuki is 16.52 and where as

tata motor is 1.13 which is low means a company cant pay its interest on outstanding debt.