Balance Sheet of Maruti Suzuki India -Standalone
>>Historical <<
31/03/2011
31/03/2012
144.5
144.5
Reserves
13,723.00
15,042.90
Networth
13,867.50
15,187.40
Unsecured Loans
170.2
1,078.30
Total Debt
170.2
1078.3
14,037.70
16,265.70
11,718.60
14,678.30
Less: Accum. Depreciation
6,189.20
7,157.60
Net Block
5,529.40
7,520.70
862.5
611.4
Investments
5,106.80
6,147.40
Inventories
1,415.00
1,796.50
824.5
937.6
Cash and Bank Balance
2,508.50
2,436.10
Total Current Assets
4,748.00
5,170.20
Loans and Advances
2,178.40
2,852.50
Total CA, Loans & Advances
6,926.40
8,022.70
Current Liabilities
3,861.60
5,338.00
525.8
698.5
Total CL & Provisions
4,387.40
6,036.50
Net Current Assets
2,539.00
1,986.20
14,037.70
16,265.70
0.00
0.00
31/03/2011
31/03/2012
36,618
35,587
Sources Of Funds
Equity Share Capital
Secured Loans
Total Liabilities
Application Of Funds
Gross Block
Capital Work in Progress
Sundry Debtors
Provisions
Miscellaneous Expenses
Total Assets
Income
Net Sales
Growth
Stock Adjustments
-3%
56
131.2
36,674
35,718
28,490
28,331
Power & Fuel Cost
210
230
Employee Cost
704
844
Total Income
Expenditure
Raw Materials
Miscellaneous Expenses
Total Expenses
PBDITA
Interest
3,632
3,801
33,036
33,205
3,639
2,513
25
55
PBDT
3,614
2,458
Depreciation
1,014
1,138
Profit Before Tax
2,600
1,319
820
511
1,780
808
217
217
35
35
1,528
557
2,889
2,889
Tax
Reported Net Profit
Equity Dividend
Corporate Dividend Tax
Net Profit transferred to Reserve
Per share data (annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Cash Flow Statement
EBIDTA
Less: Interest
Less: Tax
Less: Dividend(including tax)
Adjustment for working capital changes
Operational Cash flows
Maintenance Capex
Opening Cash
Cash flows during the year
62
28
150
150
Closing Balance of Cash
ANALYSIS OF ABOVE PROJECTIONS
The Company is generating healthy operational cash flow, which can be used for the expansion plans
Assumption
1. Sales Turnover will grow at 4% on conservative approach.
2. Raw Material ,Power Fuel and Other Misc cost will proportionately increase according to sales.
3. Employee cost is assumed to grow at 10%.
4. Maintenance Capex is assumed to be 500 Crs per year
5. Depreciation rate has been assumed at 9% on SLM method on the basis of historical trend.
6. Tax rate has been assumed at 33% current rate prevailing.
7. Dividend DistributionTax rate has been assumed at 16.995% current rate prevailing.
8. Current Assets and Current Liabilities are assumed on the basis of Net sales.(Calculation is below)
9. Dividend is assumed to be distrubuted at 160% on the basis of last FY 13.
Interest rate on Unsecured Loans
Depreciation rate
Tax rate
Distribution rate
9%
32%
16%
8%
39%
16%
4%
8.22
6%
10.5%
1.4%
5%
9.62
8%
15.0%
2.0%
Working Capital
Inventories(% of sales)
Debtors(days)
Loans & Advances(% of sales)
Current Liabilities(% of sales)
Provisions(% of sales)
(INR Crs)
Historical <<
>>Projection<<
31/03/2013
31/03/2014
31/03/2015
31/03/2016
31/03/2017
31/03/2018
31/03/2019
151
18,427.90
151
19,658.70
151
20,930.46
151
22,241.21
151
23,588.43
151
24,968.97
151
26,378.98
18,578.90
19,809.70
21,081.46
22,392.21
23,739.43
25,119.97
26,529.98
1,389.20
1,389.20
1,389.20
1,389.20
1,389.20
1,389.20
1,389.20
1389.2
1389.2
1389.2
1389.2
1389.2
1389.2
1389.2
19,968.10
21,198.90
22,470.66
23,781.41
25,128.63
26,509.17
27,919.18
19,633.90
9,834.70
22,076.10
11,739.41
22,576.10
13,687.27
23,076.10
15,678.26
23,576.10
17,712.39
24,076.10
19,789.67
24,576.10
21,910.08
9,799.20
10,336.69
8,888.83
7,397.84
5,863.71
4,286.43
2,666.02
1,942.20
7,078.30
7,078.30
7,078.30
7,078.30
7,078.30
7,078.30
7,078.30
1,840.70
775
1,984.81
1,480.65
3,039.55
2,064.20
1,539.87
5,729.38
2,146.77
1,601.47
8,500.16
2,232.64
1,665.53
11,349.31
2,321.94
1,732.15
14,273.63
2,414.82
1,801.43
17,269.22
4,039.40
6,505.00
9,333.46
12,248.40
15,247.47
18,327.72
21,485.48
1,423.70
3,828.90
3,982.06
4,141.34
4,306.99
4,479.27
4,658.44
4,844.78
7,868.30
10,487.06
13,474.80
16,555.39
19,726.74
22,986.16
26,330.26
5,845.80
874.1
5,886.56
816.58
6,122.03
849.24
6,366.91
883.21
6,621.58
918.54
6,886.45
955.28
7,161.91
993.49
6,719.90
6,703.14
6,971.27
7,250.12
7,540.12
7,841.73
8,155.40
1,148.40
3,783.92
6,503.53
9,305.27
12,186.62
15,144.43
18,174.86
19,968.10
21,198.90
22,470.66
23,781.41
25,128.63
26,509.17
27,919.18
0.00
0.00
0.00
0.00
0.00
0.00
0.00
31/03/2013
31/03/2014
31/03/2015
31/03/2016
31/03/2017
31/03/2018
31/03/2019
43,588
45,331
47,145
49,030
50,992
53,031
55,153
22%
4%
4%
4%
4%
4%
4%
-23.4
43,565
45,331
47,145
49,030
50,992
53,031
55,153
32,722
494
1,070
5,050
34,031
513
1,177
5,252
35,392
534
1,294
5,462
36,808
555
1,424
5,680
38,280
578
1,566
5,908
39,811
601
1,723
6,144
41,404
625
1,895
6,390
39,335
40,972
42,682
44,467
46,331
48,278
50,313
4,230
4,359
4,463
4,564
4,661
4,753
4,840
190
4,040
1,861
2,179
599
1,580
242
41
1,297
3,021
52
160
214
214
214
214
214
214
4,145
4,249
4,350
4,447
4,539
4,626
1,905
1,948
1,991
2,034
2,077
2,120
2,241
2,301
2,359
2,413
2,462
2,506
727
747
765
783
799
813
1,514
1,555
1,594
1,630
1,663
1,693
242
41
242
41
242
41
242
41
242
41
242
41
1,231
1,272
1,311
1,347
1,381
1,410
3,021
50
160
3,021
51
160
3,021
53
160
3,021
54
160
3,021
55
160
3,021
56
160
4,358.9
-213.7
-726.9
-282.8
-371.0
2,764.5
4,462.7
-213.7
-746.6
-282.8
-29.8
3,189.8
4,563.6
-213.7
-765.3
-282.8
-31.0
3,270.8
4,660.7
-213.7
-782.8
-282.8
-32.2
3,349.1
4,753.2
-213.7
-798.9
-282.8
-33.5
3,424.3
4,839.9
-213.7
-813.0
-282.8
-34.8
3,495.6
-500.0
-500.0
-500.0
-500.0
-500.0
-500.0
775.0
2,264.5
3,039.5
2,689.8
5,729.4
2,770.8
8,500.2
2,849.1
11,349.3
2,924.3
14,273.6
2,995.6
3,039.5
5,729.4
8,500.2
11,349.3
14,273.6
17,269.2
500
500
500
500
500
500
15%
9%
27%
17%
15%
9%
32%
17.0%
15%
9%
32%
17.0%
15%
9%
32%
17.0%
15%
9%
32%
17.0%
15%
9%
32%
17.0%
15%
9%
32%
17.0%
4%
11.92
9%
13.4%
2.0%
4%
11.92
9%
13%
2%
4%
11.92
9%
13%
2%
4%
11.92
9%
13%
2%
4%
11.92
9%
13%
2%
4%
11.92
9%
13%
2%
4%
11.92
9%
13%
2%
d for the expansion plans of the Company.
se according to sales.
f historical trend.
s.(Calculation is below)
31/03/2020
151
27,814.51
27,965.51
1,389.20
1389.2
29,354.71
25,076.10
24,073.63
1,002.47
7,078.30
2,511.42
1,873.49
20,332.08
24,716.98
5,038.57
29,755.56
7,448.38
1,033.23
8,481.61
21,273.94
29,354.71
0.00
31/03/2020
57,359
4%
1
57,360
43,060
650
2,084
6,645
52,439
4,921
214
4,707
2,164
2,544
825
1,718
242
41
1,436
3,021
56.88
160
4,920.8
-213.7
-825.3
-282.8
-36.2
3,562.9
-500.0
17,269.2
3,062.9
20,332.1
500
15%
9%
32%
17.0%
4%
11.92
9%
13%
2%
