Financial

Management
Report.

Submitted By:-
Sanat Dubey
Submitted to:-
Piyush Agarwal
Prof. Pranoti Kulkarni Adhyot Bhatnagar
Satya Priya Pradhan
Abhijeet Das
Saurabh Bhelkar
 INTRODUCTION
Dabur (Dabur India Ltd.) (derived from Daktar Burman) is India's largest
Ayurvedic medicine & natural consumer products manufacturer. Dabur was
founded in 1884 by SK Burman, a physician in West Bengal, to produce and
dispense Ayurvedic medicines. Burman designed Ayurvedic medication for
diseases such as cholera and malaria. The company forayed into Personal Care
category in 1940s with the launch of Dabur Amla hair oil.

Dabur demerged its Pharma business in 2003[6] and hived it off into a separate
company, Dabur Pharma Ltd. German company Fresenius SE bought a 73.27%
equity stake in Dabur Pharma in June 2008 at Rs 76.50 a share. The German
company had also purchased another 17.62% shares from the market through an
open offer at the same price.

Dabur's Healthcare Division has over 260 products for treating a range of
ailments and body conditions, from from common cold to chronic paralysis.
Dabur International, a fully owned subsidiary of Dabur India formerly held
shares in the UAE based Weikfield International, which it sold in June 2012.

Dabur India Ltd is one of Indias leading FMCG Companies with Revenues of
over Rs 7,680 Crore & Market Capitalisation of over Rs 48,800 Crore. Building
on a legacy of quality and experience of over 133 years, Dabur is today Indias
Most Trusted Name and the Worlds Largest Ayurvedic and Natural Health Care
Company.
Pattern of Long Term Financing over past three years
Equity Share Capital :

Long Term Borrowings :

2015-2016

Year:- 2016-17
Reserves and Surplus
Year:- 2016

Year:- 2015
Changes in long term financing over the years

Dividend Paid

Changes in dividend
Dividend payout with respect to Net Profit (PAT)

Qualified Institutional Buyers

QIBs percentage in total shares = 25.12

%%2
Companys Investments
NON-CURRENT INVESTMENTS
No of Total
Type Face Shares Investment
(Rs Lakhs)
Value

Investment in : Company
Security Type : Debenture
Unquoted
NCD of Aditya Birla Finance Ltd. - 750 7,809.00
NCD of Bajaj Finance Ltd. - - 10,331.00
NCD of Canara Finance Homes Ltd. - 250 2,576.00
NCD of Deewan Housing Finance - 500 5,392.00
Ltd.
NCD of HDB Financial Services Ltd. - 750 7,908.00
NCD of HDFC Ltd. - 25 2,524.00
NCD of India bulls Housing Finance - 500 5,312.00
Ltd.
NCD of Kotak Mahindra Investment - 500 5,314.00
Ltd.
NCD of Kotak Mahindra Prime Ltd. - 1,000 10,486.00
NCD of L&T Housing Finance Ltd. - 100 2,658.00
NCD of PNB HF Ltd. - 250 2,490.00
NCD of Reliance Capital Ltd. - 700 7,452.00
NCD of Reliance Home Finance Ltd. - 300 3,123.00
NCD of Shriram Transport Finance - - 7,259.00
Co.
NCD of Sundaram Finance Ltd. - 500 5,210.00
NCD of Tata Capital Financial - 500 5,181.00
Services Ltd.
NCD of Tata Capital Housing - 400 4,193.00
Finance Ltd.

Investments in Debenture 95,218.00

Security Type : Equity Share

Unquoted
Sanat Products Ltd. 100.00 50,000 5.00
Shivalik Solid Waste Management 10.00 18,000 2.00
Ltd.

Investments in Equity Share 7.00

Security Type : FD
Unquoted
FD with Dewan Housing Finance - - 2,500.00
Ltd.
Investments in FD 2,500.00

Investments in Company 97,725.00

Security Type : Bonds

Quoted
EXIM - 500 5,477.00
HDFC Ltd. - 600 6,680.00
ICICI Bank Ltd. - 100 1,095.00
IDFC Ltd. - 850 9,342.00
LIC Housing Finance Ltd. - 1,450 16,119.00
Power Finance Corporation Ltd. - 1,100 12,300.00
Power Grid Corporation - 530 6,130.00
Rural Electrification Corporation - 1,400 15,883.00
Ltd.

Investments in Bonds 73,026.00

Investments in Company 73,026.00

Investment in : Joint Venture

Security Type : Equity Share

Unquoted
Forum I Aviation Pvt. Ltd. 10.00 7,487,251 699.00

Investments in Equity Share 699.00

Investments in Joint Venture 699.00

Investment in : Others

Security Type : GOI Securities

Unquoted
National Savings Certificates - - 2.00

Investments in GOI Securities 2.00

Investments in Others 2.00

Security Type : Bonds

Quoted
Government Securities - - 23,656.00
Government SDL - - 27,627.00
Investments in Bonds 51,283.00

Investments in Others 51,283.00

Investment in : Subsidiary
Security Type : Equity Share

Unquoted
Dabur International Ltd. - 1,700,000 5,949.00
Dermoviva Skin Essentials INC - 565,000 254.00
H & B Stores Ltd. 1.00 296,493,165 2,965.00
Investments in Equity Share 9,168.00

Investments in Subsidiary 9,168.00

Total Investments 231,903.00

Current Investments
Type Face No of Total
Value Shares Investment
(Rs Lakhs)

Investment in : Company
Security Type : CP

Unquoted
HDFC Ltd. - - 9,881.00
IL&FS Ltd. - - 4,904.00
Investments in CP 14,785.00
Security Type : Debenture

Unquoted
NCD of Deewan housing Finance Ltd. 1,000.00 162,500 1,717.00
NCD of HDB Financial Services Ltd - 100 1,053.00
NCD of ILFS Transportation - 300 3,000.00
Networks Ltd.
NCD of IndiaBulls Housing Finance 1,000.00 107,000 1,122.00
Ltd.
NCD of Reliance Capital Ltd - 203 2,144.00
NCD of Reliance Home Finance Ltd 1,000.00 311,000 3,212.00
NCD of Seoni Expressway Ltd. - 820 864.00

Investments in Debenture 13,112.00

Security Type : FD

Unquoted
HDFC Ltd - - 9,188.00
Investments in FD 9,188.00

Investments in Company 37,085.00

Security Type : Bonds

Quoted
EXIM Bonds - 50 554.00
NPCIL - 250 2,626.00

NTPC Ltd. - 15 149.00

Power Finance Corporation bonds - 319 3,180.00
UP SDL 100.00 4,695,000 5,081.00
Investments in Bonds 11,590.00
Investments in Company 11,590.00
Investment in : Mutual Fund
Security Type : Mutual Fund Scheme
Quoted
Baroda Pioneer Mutual Fund 1,000.00 1,450 27.00
Birla Mutual Fund 100.00 790,027 2,529.00
ICICI Prudential Mutual Fund - 2,013,653 5,070.00
IDFC Mutual Fund 1,000.00 253,136 5,001.00

Reliance Mutual Fund - 14,675,778 7,039.00

SBI Mutual fund 1,000.00 6,662 170.00
UTI Mutual Fund 1,000.00 187,790 5,001.00

Investments in Mutual Fund Scheme 24,837.00

Investments in Mutual Fund 24,837.00

Total Investments 73,512.00

Financial Risk Management :

Market Risk
The company manages market risk through a risk management committee
engaged in ,inter alia, evaluation and identification of risk factors with the object
of governing/mitigating them according to companys objective and declared
policies in specific context of impact thereof on various segments of financial
instruments.

Interest rate risk

The company is not exposed to any significant interest rate risk as at the
reporting dates.
Foreign Currency Risk
The company operates internationally with transactions entered into several
currencies. Consequently the company is exposed to foreign exchange risk
towards honouring of export/import commitments
Management evaluates exchange rate exposure in this connection in terms if its
established risk management policies which includes the use of derivatives like
foreign exchange forward contracts to hedge risk of exposure in foreign
currency.
Monthly Returns for NIFTY
date Open High Low Close Adj Close Return (Ri)
30-06- 8376.25 8654.75 8315.400391 8532.849609 8532.849609
2015
31-07- 8510.650391 8621.549805 7667.25 7948.950195 7948.950195 -6.842959161
2015
31-08- 7907.950195 8055 7539.5 7948.899902 7948.899902 -0.0006327
2015
30-09- 7992.049805 8336.299805 7930.649902 8065.799805 8065.799805 1.470642535
2015
31-10- 8054.549805 8116.100098 7714.149902 7935.25 7935.25 -1.618559946
2015
30-11- 7958.149902 7979.299805 7551.049805 7946.350098 7946.350098 0.139883406
2015
31-12- 7924.549805 7937.549805 7241.5 7563.549805 7563.549805 -4.817309687
2015
31-01- 7589.5 7600.450195 6825.799805 6987.049805 6987.049805 -7.62208242
2016
29-02- 7038.25 7777.600098 7035.100098 7738.399902 7738.399902 10.75346703
2016
31-03- 7718.049805 7992 7516.850098 7849.799805 7849.799805 1.439572837
2016
30-04- 7822.700195 8213.599609 7678.350098 8160.100098 8160.100098 3.952970785
2016
31-05- 8179.200195 8308.150391 7927.049805 8287.75 8287.75 1.564317845
2016
30-06- 8313.049805 8674.700195 8287.549805 8638.5 8638.5 4.23214986
2016
31-07- 8654.299805 8819.200195 8518.150391 8786.200195 8786.200195 1.709789836
2016
31-08- 8793.599609 8968.700195 8555.200195 8611.150391 8611.150391 -1.992326604
2016
30-09- 8666.150391 8806.950195 8506.150391 8638 8638 0.311800489
2016
31-10- 8653.150391 8669.599609 7916.399902 8224.5 8224.5 -4.786987729
2016
30-11- 8244 8274.950195 7893.799805 8185.799805 8185.799805 -0.470547693
2016
31-12- 8210.099609 8672.700195 8133.799805 8561.299805 8561.299805 4.587212111
2016
31-01- 8570.349609 8982.150391 8537.5 8879.599609 8879.599609 3.717891106
2017
28-02- 8904.400391 9218.400391 8860.099609 9173.75 9173.75 3.312653768
2017
31-03- 9220.599609 9367.150391 9075.150391 9304.049805 9304.049805 1.420354871
2017
30-04- 9339.849609 9649.599609 9269.900391 9621.25 9621.25 3.409270174
2017
31-05- 9603.549805 9709.299805 9448.75 9520.900391 9520.900391 -1.042999704
2017
30-06- 9587.950195 10114.84961 9543.549805 10077.09961 10077.09961 5.841876253
2017
Monthly Return for Dabur

Symbol Date Open Price High Price Low Price Close Price Return(Ri)
DABUR 01-Jul-15 281.7 284.4 281.5 282.5
DABUR 03-Aug-15 294.95 294.95 288.5 290.9 2.973451327
DABUR 01-Sep-15 273.5 275.65 268.25 270.1 -7.150223444
DABUR 01-Oct-15 277.5 279.7 275.25 278.7 3.184005924
DABUR 02-Nov-15 269.75 271.2 265.15 270.85 -2.816648726
DABUR 01-Dec-15 275.05 279.65 274.15 278.5 2.824441573
DABUR 01-Jan-16 276.45 278.9 275.75 276.4 -0.754039497
DABUR 01-Feb-16 250.9 252.5 248.05 251.05 -9.171490593
DABUR 01-Mar-16 237.15 243.4 237 241.95 -3.624775941
DABUR 01-Apr-16 248.05 251.35 247.3 250.5 3.533787973
DABUR 02-May-16 275.5 299.95 274.4 296.15 18.22355289
DABUR 01-Jun-16 289.9 293 288.55 290.1 -2.042883674
DABUR 01-Jul-16 308.65 314 308.65 310.8 7.135470527
DABUR 01-Aug-16 304.5 305.9 300.6 302 -2.831402831
DABUR 01-Sep-16 290.6 294.8 290.6 293.75 -2.731788079
DABUR 03-Oct-16 272.1 278.7 271.2 276.5 -5.872340426
DABUR 01-Nov-16 292 294 290.6 291.25 5.334538879
DABUR 01-Dec-16 285.05 288.3 283.6 286.1 -1.768240343
DABUR 02-Jan-17 278 278.4 274.4 277.15 -3.128276826
DABUR 01-Feb-17 277.75 278 274.3 277.35 0.072163089
DABUR 01-Mar-17 277.9 278.75 274.35 276.15 -0.432666306
DABUR 03-Apr-17 277.55 281.2 277.2 280.3 1.502806446
DABUR 02-May-17 285 288.5 282.45 284.9 1.641098823
DABUR 01-Jun-17 279.85 287 278 285.35 0.157950158
Arithmatic and Geometric Mean for NIFTY

Arithmatic and Geometric Mean for Dabur

Standard Deviation (Risk) on the return of
NIFTY

Standard Deviation (Risk) on the return of

Dabur
Beta of Dabur (month end returns).
The beta indicates whether the investment is more or less volatile than the
market as whole.
Beta for Godrej (competitor of Dabur)