21/06/2006
Date :
Ratio Analysis
Draft for HighTech Engineering Industries
81, Mittal Towar, Nariman Point, Mumbai
Above Limit
Below Limit
Normal Limit
Year No ———— >
2003-04
2004-05
2005-06
2006-07
2002-03
LIQUIDITY RATIOS
Current Ratio
1.61
1.65
2.03
2.30
2.68
Acid Test Ratio (Quick Ratio)
0.96
1.10
1.44
1.71
2.11
Interval Measure Ratio
150.25
164.39
205.12
238.10
294.92
CAPITAL STRUCTURE RATIOS
Owners’ Share
1.09
1.16
1.18
1.19
1.20
Debt Equity Ratio (DER)
2.40
1.79
1.29
0.73
0.18
COVERAGE RATIOS
Debt Service Coverage Ratio (DSCR)
1.33
2.25
2.70
3.68
4.85
Interest Coverage Ratio
3.07
7.02
10.36
21.26
57.61
Dividend Coverage Ratio
1.66
3.55
3.95
5.24
6.65
Capital Gearing Ratio
1.72
0.83
0.41
0.16
0.03
Proprietary Ratio
0.40
0.57
0.73
0.87
0.97
ACTIVITY RATIOS
Capital Turnover Ratio
1.35
2.57
3.82
6.41
10.83
Fixed Assets Turnover Ratio
1.87
3.20
5.09
9.69
21.40
Working Capital Turnover Ratio
2.05
2.22
2.17
2.18
2.22
Inventory Turnover Ratio
7.89
6.49
6.34
6.46
6.49
Inventory Turnover (Cost Of Goods Based)
6.70
4.70
4.80
4.86
4.74
Raw Materials Turnover Ratio
8.37
8.06
7.95
7.93
7.56
Packing Materials Turnover Ratio
8.89
12.88
13.70
13.62
12.92
Consumables Turnover Ratio
12.06
8.50
9.04
8.97
8.50
Debtors Turnover (Credit Sales Based)
5.11
6.64
5.53
5.77
5.58
Debtors Average Collection Period (Days)
71.48
55.00
66.03
63.23
65.44
Creditors Average Collection Period (Days)
12.19
11.20
10.22
9.43
9.07
PROFITABILITY AND INVESTMENT
Return On Equity
0.53
1.12
1.28
1.73
2.19
Return On Investment (Capital Employed)
0.19
0.39
0.40
0.46
0.48
Return On Total Assets
0.13
0.26
0.27
0.31
0.32
Return On Fixed Assets
0.20
0.48
0.73
1.51
3.66
Gross Profit Ratio (GPR)
0.45
0.47
0.46
0.47
0.50
P/V Ratio
61.43
57.27
54.86
53.95
53.45
Net Profit Ratio (NPR)
0.15
0.22
0.21
0.23
0.25
Turnover Ratio
1.21
1.77
1.89
1.99
1.88
Earning Power
0.13
0.26
0.27
0.31
0.32
Earning Per Share (Each Share of Value 10)
3.02
10.35
10.18
14.56
19.28
Dividend Per Share (Each Share of Unit 10)
0.88
0.88
0.88
0.95
1.00
LEVERAGE RATIOS
Financial Leverage
1.48
1.17
1.11
1.05
1.02
Page No.
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Ratio Analysis