Upload
rajatsingla
View
228
Download
0
Embed Size (px)
Citation preview
8/9/2019 4 - Amol Azad - TCS
1/32
As at March 31, 2004
Crores
SOURCES OF FUNDS :
1.SHAREHOLDERS FUND
(a) Share Capital 36.44
(b) Reserves and Surplus 10.64
2.LOAN FUNDS
(a) Secured Loans Nil(b) Unsecured Loans 375
TOTAL Loans 375
3.DEFERRED TAX LIABILITY (NET) 0.98
4.TOTAL FUNDS EMPLOYED 423.06
APPLICATION OF FUNDS :
5.FIXED ASSETS
(a) Gross Block 226.5
(b) Less :- Accumulated Depreciation 0.95
(c) Net Block 225.55(d) Capital Work-in-Progress Nil
Total 225.55
6.INVESTMENTS 417.39
7.CURRENT ASSETS, LOANS AND ADVANCES
(a) Unbilled Revenues Nil
(b) Sundry Debtors 0.25
(c) Cash and Bank Balances 2.25
(d) Loans and Advances 9.7712.27
8.CURRENT LIABILITIES AND PROVISIONS
(a) Current Liabilities 227.22
(b) Provisions 4.93
232.15
9.NET CURRENT ASSETS [ (7) less (8) ] -219.88
10.TOTAL ASSETS (NET) 423.06
BALANCE SHEETS(TATA CONSULTANCY SERVI
8/9/2019 4 - Amol Azad - TCS
2/32
As at March 31, 2005 As at March 2006 As at March 2007
48.01 48.93 97.86
3273.04 5949.88 7961.13
111.01 26.52 41.769.73 8.98 8.98
120.74 35.5 50.74
64.32 38.88 60.61
3506.11 5683.71 8170.34
1041.09 1695.13 2315.36
132.93 525.35 854.75
908.16 1169.78 1460.61120.28 280 757.85
1028.44 1449.78 2218.46
1404.42 1963.52 3252.04
130.09 353.91 523.88
1463.45 2326.63 2799.8
120.74 171.17 557.14
600.83 1107.87 1313.392315.11 3982.85 5206.78
714.28 1171.9 1639.5
527.58 540.54 905.05
1241.86 1712.44 2544.55
1073.25 2270.41 2662.23
3506.11 5683.71 8170.34
8/9/2019 4 - Amol Azad - TCS
3/32
As at March 2008 As at March 2009
197.86 197.86
10806.95 13248.39
9.27 32.638.98 7.74
18.25 40
121.38 103.05
11144.44 13589.67
3240.64 4359.24
1300.11 1690.16
1940.53 2669.08889.74 685.13
2830.27 3354.21
4509.33 5936.03
870.18 817.06
3747.01 3717.73
527.52 1605.26
2166.6 3089.857329.57 9247.14
2404.18 3501.13
1187.44 1450.23
3591.62 4951.36
3737.95 4295.78
11144.44 13589.67
8/9/2019 4 - Amol Azad - TCS
4/32
2004
INCOME :
1. Consultancy services Nil
2. Software licences Nil
3. Other income 4.29
EXPENDITURE :
4. Employee costs Nil
5. Operation and Other expenses 0.03
PROFIT BEFORE ADDITIONAL INCENTIVE, INTEREST, 4.26
DEPRECIATION, TAXES AND EXCEPTIONAL ITEMS
6. Additional Performance Incentive Nil
7. Interest 0.2
8. Depreciation 0.84
PROFIT BEFORE TAXES AND EXCEPTIONAL ITEMS 3.22
9. PROVISION FOR TAXES
(a) Current tax -1.11
(b) Deferred tax -0.38
(c) Fringe benefit tax Nil
(d) MAT credit entitlement
PROFIT BEFORE EXCEPTIONAL ITEMS 1.73
10. Profit on sale of long-term investment 13.45
11. Tax on transfer of overseas branches Nil
12. Charge on account of Employee Stock Purchase Sch Nil
NET PROFIT FOR THE YEAR 15.18
Profit & Loss Accounts(TATA CONSULTANCY SERVIC
8/9/2019 4 - Amol Azad - TCS
5/32
2005 2006 2007 2008
7854.48 10673.22 14407.95 17690.38
173.1 541.64 532.02 843.34
75 67.95 216.55 445.95
1763.83 4000.6 6446.37 6015.19
3784.48 3945.99 4192.63 7498.42
2554.27 3336.22 4517.52 5466.06
102 Nil Nil Nil
10.4 4.49 3.43 3.42
133.22 257.38 343.41 458.78
2308.65 3074.35 4170.68 5003.86
-241 -322.41 -406.84 -792.05
-39.76 -14.82 11.2 -29.98
Nil -20.25 -17.75 -24.65
Nil Nil Nil 351.58
2027.89 2716.87 3757.29 4508.76
Nil Nil Nil Nil
-9.82 Nil Nil Nil
-186.65 Nil Nil Nil
1831.42 2716.87 3757.29 4508.76
8/9/2019 4 - Amol Azad - TCS
6/32
2009
21535.75
868.25
-456.24
7370.09
9013.08
5564.6
Nil
7.44
417.46
5139.69
-799.15
-44.89
-23
423.56
4696.21
Nil
Nil
Nil
4696.21
8/9/2019 4 - Amol Azad - TCS
7/32
(ALL figures in Rs. Crores)
Profitability Ratios
Profit Margin 2004 2005 2006 2007 2008
profit after tax 1.73 2027.89 2716.89 3757.29 4508.76
Sales 4.29 8102.58 ### ### ###Ratio 40.32% 25% 24% 24.80% 23.70%
Return on assets 2004 2005 2006 2007 2008
Average 1964.5 4594.91 6927.03 9657 12366
Total Assets
profit after tax 1.73 2027.89 2716.89 3757.29 4508.76
Ratio 0.09% 44.13% 39.22% 38.91% 36.46%
2004 2005 2006 2007 2008 2009
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
Seri
8/9/2019 4 - Amol Azad - TCS
8/32
Return on Investments 2004 2005 2006 2007 2008
Average 910 1683 2607 3880 5222
Investments
profit after tax 1.73 2027.89 2716.89 3757.29 4508.76
Ratio 0.20% 120% 104% 97% 86%
2004 2005 2006 2007 2008 2009
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
Seri
2004 2005 2006 2007 2008 2009
0.00%20.00%40.00%
60.00%80.00%
100.00%120.00%140.00%
Seri
8/9/2019 4 - Amol Azad - TCS
9/32
Return On Equity 2004 2005 2006 2007 2008
profit after tax 1.73 2027.89 2716.89 3757.29 4508.76
Average Share 1683 4464 6833 9530 12224
holder Equity
Ratio 0% 45% 40% 39% 37%
2004 2005 2006 2007 2008 2009
0%
10%
20%
30%
40%
50%
Seri
8/9/2019 4 - Amol Azad - TCS
10/32
EPS 2004 2005 2006 2007 2008
EPS 0.33 21.55 27.76 38.39 46.07
Calculated in
Notebook
2004 2005 2006 2007 2008 2009
10
2030
40
50
60
Seri
8/9/2019 4 - Amol Azad - TCS
11/32
Operating Expenses ratio 2004 2005 2006 2007 2008
Sales 4.29 8102.58 ### ### ###
Operating 0.03 3784 3945 4192 7498
Expenses
Ratio 1% 47% 35% 28% 40%
Return on Capital 2004 2005 2006 2007 2008
Profit before 3.4 2318 3079 4517 4174
Interest, Tax
Total Capital 423 3506 5709 8170 11124Ratio 0.01 0.66 0.54 0.55 0.38
2004 2005 2006 2007 2008 2009
0%
10%
20%
30%
40%
50%
Seri
8/9/2019 4 - Amol Azad - TCS
12/32
Liquidity Ratios
Current Ratio 2004 2005 2006 2007 2008
Current Assets 12.27 2315.11 3982.85 5206.78 7329.57Current 227.22 714.28 1171.9 1639.5 2404.18
Liabilities
Ratio 0.05 3.24 3.4 3.18 3.05
2004 2005 2006 2007 2008 2009
1
1
Seri
2004 2005 2006 2007 2008 2009
1
2
3
4
Seri
8/9/2019 4 - Amol Azad - TCS
13/32
Quick Ratio 2004 2005 2006 2007 2008
Quick Assets 2.5 1589 2498 3359 4276
Current 227 714 1180 1689 2404
Liabilities
Ratio 0.01 2.23 2.12 1.99 1.78
ALR 2004 2005 2006 2007 2008
Absolutely 2.25 120.74 171 557 527
2004 2005 2006 2007 2008 2009
1
2
2
3
Seri
8/9/2019 4 - Amol Azad - TCS
14/32
Liquid Assets
Current 227 714 1180 1689 2404
Liabilities
Ratio 0.01 0.17 0.14 0.33 0.22
Solvency Ratios
Debt to Equity Ratio 2004 2005 2006 2007 2008
Total Loans 375 120 35 50 18
Shareholder's 47 3321 5608 8058 11004
EquityRatio >7 0.04 0.01 0.01 0
2004 2005 2006 2007 2008 2009
Seri
8/9/2019 4 - Amol Azad - TCS
15/32
Interest cover 2004 2005 2006 2007 2008
Profit before 3.4 2318 3079 4517 4174
Interest, Tax
Interest 0.2 10.4 4.5 3.43 3.42
Ratio 17 222.88 684.22 1316.91 1220.47
Liabilities to Equity Ratio 2004 2005 2006 2007 2008
Liabilities 423.06 3506.11 5683.71 8170.34 ###
Shareholder's 47 3321 5608 8058 11004
2004 2005 2006 2007 2008 2009
Seri
2004 2005 2006 2007 2008 2009
200
400
600
800
1000
1200
1400
Se
8/9/2019 4 - Amol Azad - TCS
16/32
Equity 12.8
Ratio >10 1.06 1.01 1.01 1.01
Capital Market Ratios
Price-Earnings Ratio 2004 2005 2006 2007 2008
EPS 0.33 21.55 27.76 38.39 46.07
Price 1 1 1 1 1
3
Ratio Very High 0.05 0.04 0.03 0.02
2004 2005 2006 2007 2008 2009
1
1
1
1
Seri
8/9/2019 4 - Amol Azad - TCS
17/32
Efficiency Ratios
Average turnover 2004 2005 2006 2007 2008
Average 1964.5 4594.91 6927 9657 12366
Total Assets
Sales 4.29 8102.58 ### ### ###
Ratio 0.22% 176.34% 163.04% 156.95% 153.48%
2004 2005 2006 2007 2008 2009
Seri
150.00%
200.00%
Seri
8/9/2019 4 - Amol Azad - TCS
18/32
50.00%
.
8/9/2019 4 - Amol Azad - TCS
19/32
2009
4696.21
###21.40%
2009
13589
4696.21
34.56%
es1
8/9/2019 4 - Amol Azad - TCS
20/32
2009
5936
4696.21
79%
es1
s1
8/9/2019 4 - Amol Azad - TCS
21/32
2009
4696.21
13567
35%
s1
8/9/2019 4 - Amol Azad - TCS
22/32
2009
47.91
s1
8/9/2019 4 - Amol Azad - TCS
23/32
2009
###
9013
41%
2009
5146
135890.38
s1
8/9/2019 4 - Amol Azad - TCS
24/32
2009
9247.143501.13
2.64
s1
s1
8/9/2019 4 - Amol Azad - TCS
25/32
2009
5323
3501
1.52
2009
1605
s1
8/9/2019 4 - Amol Azad - TCS
26/32
3501
0.46
2009
40
13446
0
s1
8/9/2019 4 - Amol Azad - TCS
27/32
2009
5146
7.44
691.67
2009
###
13446
s1
ries1
8/9/2019 4 - Amol Azad - TCS
28/32
1.01
2009
47.91
1
0.02
s1
8/9/2019 4 - Amol Azad - TCS
29/32
2009
13589
###
161.51%
s1
s1
8/9/2019 4 - Amol Azad - TCS
30/32
8/9/2019 4 - Amol Azad - TCS
31/32
For the ratio analysis of TATA CONSULTANCY SERVICES LIMITED, the following points are
1. We can see from the profitability ratios, that from 2004 to 2009, the profitab
of competition offered by other players like Infosys, and due to the global reces
2. TATA CONSULTANCY SERVICES LIMITED was listed publicaly in the year 200
abnormal in nature (vastly different than following years.)
3. EPS (Earnings per share) has been increasing steadily, so TCS has been an i
4. The good thing is that debt-equity ratio has declined over the years, lendin
5. Interest coverage declined significantly in 2009, indicating after-shocks of th
6. Not many efficiency ratios can be calculated for TCS as it is a service compa
8/9/2019 4 - Amol Azad - TCS
32/32
orth mentioning:
ility is declining steadily, this may be because
ion.
, so we can see that the ratios for 2004 are
vestor friendly company.
a safer platform to TCS
e global meltdown.
ny, and the inventories are very insignificant.