I. Ratio Analysis Calculations (201011) Liquidity position: a) Current Ratio: Current assets = Rs. 59837.

7 lakhs Current liability & provisions = Rs. 40029.08 lakhs Current ratio = current assets / current liabilities = 59837.7/40029.08 = 1.49 times b) Quick Ratio: Inventory = Rs. 620.92 lakhs Quick ratio = (total CA inventory)/total current liabilities = (59837.7 620.92)/40029.08 = 59216.78/40029.08 =1.48 times.

c) Net Working Capital Ratio: Net Working Capital = 19808.62 lakhs Total Assets = Fixed Assets + Current Assets =9200.21 + 59837.7=69037.91 lakhs Net Assets = Total Assets - Current Liabilities =69037.91-40029.08 =29008.83 lakhs Net Working Capital Ratio= Net Working Capital/ Net Assets =19808.62/29008.83 = 0.68

Activity Ratio: a) Capital turnover ratio: Net sales = Rs. 44631.86 lakhs Net capital employed =Total assets-Current Liabilities = 69037.91-40029.08 = Rs. 29008.83 lakhs Capital turnover Ratio = net sales / net capital employed = 44631.86 / 29008.83 = 1.54 times b) Working capital turnover ratio: Net sales = Rs. 44631.86 lakhs Working capital = Rs. 19808.62 lakhs

Working capital turnover ratio = Net sales / W.C. = 44631.86 / 19808.62 = 2.25 times c) Fixed Turnover Ratio: Net sales = Rs. 44631.86 lakhs Net fixed assets = Rs. 7971.48 lakhs Fixed turnover ratio = Net sales / net fixed assets = 44631.86/ 7971.48 = 5.59 times

Profitablity Ratio: a) Gross Profit Ratio: Gross Profit = Rs.11407.25 lakhs Sales = Rs. 44631.86 lakhs Gross profit ratio = (Gross Profit/Sales)X100 = (11407.25/44631.86)X100 = 25.55%

b) Net Profit Ratio: Net Profit = Rs.6078.83 lakhs Sales = Rs.44631.86 lakhs Net profit ratio = (Net Profit/Sales)X100 = (6078.83/44631.86)X100 = 13.61%

II. Ratio Analysis Calculations (201112) Liquidity position: a) Current Ratio: Current assets = Rs. 64964.89 lakhs Current liability & provisions = Rs. 42785.40 lakhs Current ratio = current assets / current liabilities = 64964.89/42785.40 = 1.51 times b) Quick Ratio: Inventory = Rs. 544.64 lakhs Quick ratio = (total CA inventory)/total current liabilities = (64964.89 544.64)/42785.40 = 64420.25/42785.40

=1.5 times. c) Net Working Capital Ratio: Net Working Capital = 22179.49 lakhs Total Assets = Fixed Assets + Current Assets =10708.14 + 64964.89=75673.03 lakhs Net Assets = Total Assets - Current Liabilities =77706.81-42785.40 =34921.41 lakhs Net Working Capital Ratio= Net Working Capital/ Net Assets =22179.49/34921.41 = 0.63

Activity Ratio: a) Capital turnover ratio: Net sales = Rs. 51143.51 lakhs Net capital employed =Total assets-Current Liabilities = 77706.81-42785.40 = Rs. 34921.41 lakhs Capital turnover Ratio = net sales / net capital employed = 51143.51. / 34921.41 = 1.46 times b) Working capital turnover ratio: Net sales = Rs. 51143.51 lakhs Working capital = Rs. 22179.49 lakhs Working capital turnover ratio = Net sales / W.C. = 51143.51 / 22179.49 = 2.3 times

c) Fixed Turnover Ratio: Net sales = Rs. 51143.51 lakhs Net fixed assets = Rs. 9253.15 lakhs Fixed turnover ratio = Net sales / net fixed assets = 51143.51/ 9253.15 = 5.52 times

Profitablity Ratio: a) Gross Profit Ratio: Gross Profit = Rs.7654.11 lakhs Sales = Rs. 51143.51 lakhs

Gross profit ratio

= (Gross Profit/Sales)X100 = (7654.11/51143.51)X100 = 14.96%

b) Net Profit Ratio: Net Profit Sales Net profit ratio

= Rs.4853.73 lakhs = Rs.51143.51 lakhs = (Net Profit/Sales)X100 = (4853.73/51143.51)X100 = 09.49%

III. Ratio Analysis Calculations (201213) Liquidity position: a) Current Ratio: Current assets = Rs. 57369.27 lakhs Current liability & provisions = Rs. 47702.39 lakhs Current ratio = current assets / current liabilities = 57369.27/47702.39 = 1.20 times b) Quick Ratio: Inventory = Rs. 907.82 lakhs Quick ratio = (total CA inventory)/total current liabilities = (57369.27 907.82)/47702.39 = 56461.45/47702.39 = 1.18 times c) Net Working Capital Ratio: Net Working Capital = 9666.88 lakhs Total Assets = Fixed Assets + Current Assets =11839.81 + 57369.27=69209.08 lakhs Net Assets = Total Assets - Current Liabilities =69209.08-47702.39 =21506.69 lakhs Net Working Capital Ratio= Net Working Capital/ Net Assets =9666.88/21506.69 = 0.45

Activity Ratio: a) Capital turnover ratio: Net sales = Rs. 67179.58 lakhs Net capital employed =Total assets-Current Liabilities = 69209.08-47702.39 = Rs. 21506.69 lakhs

Capital turnover Ratio = net sales / net capital employed = 67179.58 / 21506.69 = 3.12 times

b) Working capital turnover ratio: Net sales = Rs. 67179.58 lakhs Working capital = Rs. 9666.88 lakhs Working capital turnover ratio = Net sales / W.C. = 67179.58 / 9666.88 = 6.94 times

c) Fixed Turnover Ratio: Net sales = Rs. 67179.58 lakhs Net fixed assets = Rs. 10237.7 lakhs Fixed turnover ratio = Net sales / net fixed assets = 67179.58/ 10237.7 = 6.56 times

Profitablity Ratio: a) Gross Profit Ratio: Gross Profit = Rs.9641.76 lakhs Sales = Rs. 67179.58 lakhs Gross profit ratio = (Gross Profit/Sales)X100 = (9641.76/67179.58)X100 = 14.35%

b) Net Profit Ratio: Net Profit = Rs.5884.18 lakhs Sales = Rs. 67179.58 lakhs = (Net Profit/Sales)X100 = (5884.18/67179.58)X100 = 08.76% YEAR 2010-11 CURRENT RATIO 1.49 QUICK RATIO 1.48 NET WORKING CAPITAL 0.68 Net profit ratio

2011-12 1.51 1.50 0.63

2012-13 1.20 1.18 0.45

RATIO CAPITAL TURNOVER RATIO WORKING CAPITAL TURNOVER RATIO FIXED TURNOVER RATIO GROSS PROFIT RATIO NET PROFIT RATIO

1.54 2.25 5.59 25.55 13.61

1.46 2.30 5.52 10.88 9.49

3.12 6.94 6.56 14.35 8.76