Company

ASSIGMNENT

Financial Statement Analysis

East India Hotels Ltd

NAME
ROLL NO
DATE

18-Nov-13

Profit and Loss Statement of EIH Limited

Figures in Re Millions

2012-13
2011-12 2010-11
REVENUE FROM OPERATIONS
11,334.98 11,166.75 10,275.05
Operating Expenses :
CONSUMPTION OF PROVISIONS, WINES
1,686.31 1,548.72 1,385.12
EMPLOYEE BENEFIT EXPENSES
3,289.34 3,180.00 3,188.78
Other Expenses
4275.45 3872.94 3414.09
Total Operating Expenses
9,251.10 8,601.66 7,987.99
EBITDA
2,083.88 2,565.09 2,287.06
DEPRECIATION AND AMORTISATION EXPENSE 1,007.48
931.07
874.35
EBIT
1,076.40 1,634.02 1,412.71
Finance Cost
450.13
544.11 1,551.94
Non Operating Income
435.09
566.82 1480.09
Non Operating Expenses
343.06
106.75
470.85
Profit Before Tax
718.30 1,549.98
870.01
Tax
Current Tax
101.49
193.13
53.98
Deferred Tax
107.17
132.66
170.63
Profit After Tax
509.64 1,224.19
645.40
Power and Fuel

REVENUE FROM OPERATIONS

Rooms
Food and Beverage
Other Services
Sale of Printed Materials
Less: Excise Duty (on certain printed materials)
Total

947.98

1,190.15
2,448.02
2821.39
6,459.56
1,774.46
680.31
1,094.15
1,008.85
838.71
34.71
889.30

1,090.85
2,506.01
3052.98
6,649.84
2,782.95
542.4
2,240.55
825.03
1362.44
45.61
2,732.35

178.1
955.96
139.52
72.23
571.68 1,704.16

726.88

635.45

579.21

4,356.24 4,482.71 4,277.47

4,622.11 4,190.67 3,658.13
1,852.69 1,926.22 1,750.41
506.69
567.55
589.09
11,337.73 11167.15 10,275.10
2.75
0.4
0.05
11,334.98 11166.75 10,275.05

3,238.28
2,984.14
1,518.89
492.73
8,234.04
0.02
8,234.02

4,220.82
3,330.04
1,390.19
491.83
9,432.88
0.09
9,432.79

CONSUMPTION OF PROVISIONS, WINES & OTHERS

Opening Stock
159.44
Add: Purchases
1,692.66
1,852.10
Less : Closing Stock
165.79
Total
1,686.31

810.28

2009-10 2008-09
8,234.02 9,432.79

137.74
1,570.42
1,708.16
159.44
1,548.72

Non Operating Income

Interest (Gross)
60.98
33.6
Dividend From Subsidiary Companies - Long Term Investments
117.25 (Trade)
61.95
Dividend From Others - Long Term Investments (Trade) 21.24
17.71
Dividend From Mutual Fund - Current Investments (Non-trade)
3.15
111.08
Miscellaneous Income
229.89
224.69
Gain on Exchange
2.58
5.53
Profit on Sale of Investment
0
0.8
Profit on sale of Property and Apartment
0
111.46
Insurance Claim - Business Interruption Loss
0
0
Surplus arising on final settlement of insurance claim for damage
0
0
Foreign Exchange earnings reserve written back
0
0

128.5
157.14
196.75
1,394.35 1,161.51 1,051.24
1,522.85 1,318.65 1,247.99
137.73
128.5
157.14
1,385.12 1,190.15 1,090.85

42.12
930.48
10.64
0
169.83
1.37
0
258.6
0
67.05
0

50.71
12.99
10.62
0.22
237.41
0
0
0
526.76
0
0

139.44
7.54
17.68
0
214.41
5.17
0
0
967.6
0
10.6

Total

435.09

566.82

1480.09

838.71

1362.44

Non Operating Expenses

Loss on Sale/Discard of Assets etc. (Net)
70.13
92.66
Provision/write off : Debts & Advances
4.81
14.09
Write off : Investments
0.5
0
Loss on exchange
0
0
EXCEPTIONAL ITEMS -Property Tax
150.66
0
extraordinary ITEMS
116.96
0
Exceptional items-Shortfall arising on final settlement of insurance
0 claim 0
Total
343.06
106.75

83.57
16.2
1.25
0
0
0
369.83
470.85

25.8
8.32
0
0.59
0
0
0
34.71

29.76
15.1
0.75
0
0
0
0
45.61

0.71

Balance Sheet of EIH Limited

Figures in Re Millions
2012-13

SHAREHOLDERS' FUNDS
SHARE CAPITAL
RESERVES AND SURPLUS
NON-CURRENT LIABILITIES
LONG TERM BORROWINGS
DEFERRED TAX LIABILITIES - NET
OTHER LONG TERM LIABILITIES
CURRENT LIABILITIES and PROVISIONS
SHORT TERM BORROWINGS
TRADE PAYABLES
OTHER CURRENT LIABILITIES
PROVISIONS
TOTAL
NON-CURRENT ASSETS
NET FIXED ASSETS
INVESTMENTS
OTHER NON-CURRENT ASSETS
CURRENT ASSETS
INVENTORIES
TRADE RECEIVABLES
CASH AND BANK BALANCES
LOANS AND ADVANCES
OTHER CURRENT ASSETS
Total
Current Maturity of Long Term Debt
Shares Outstanding
Dividend on Equity Shares
Market Price

2011-12

2010-11

2009-10

1,143.14
25,106.10
26,249.24

1,143.14
25,208.36
26351.5

1,143.14
24,734.84
25,877.98

785.91
13,384.98
14,170.89

1,442.82
1,738.87
32.54
3,214.23

1,903.21
1,631.70
72.59
3,607.50

5,348.63
1,499.04
133.84
6,981.51

8,068.00
1,328.41
83.23
9,479.64

1,953.96
675.8
1,569.56
745.93
4,945.25
34,408.72

100.94
568.73
1,782.94
881.31
3,333.92
33,292.92

0
553.38
4,201.83
753.06
5,508.27
38,367.76

1382.44
374.82
4640.37
669.43
7067.06
30,717.59

21566.55
7,057.30
0.00
28623.85

21746.99
6,280.47
0.00
28027.46

21621.03
6,051.39
0.00
27672.42

21724.98
3,782.44
0.00
25507.42

341.15
1,735.63
203.64
3466.83
37.62
5784.87
34,408.72

331.21
1,411.74
119.58
3391.56
11.37
5265.46
33,292.92

336.74
1,256.47
5,942.81
3144.33
14.99
10695.34
38,367.76

300.61
1042.19
140.99
3693.15
33.23
5210.17
30,717.59

787.03
3085.86
571,569,414 571,569,414
628.73
514.41
94
80

3145
392,953,972
471.54
114

481.81
571,569,414
514.41
63

es in Re Millions
2008-2009
785.91
13,390.40
14,176.31
8,372.53
1,188.89
24.52
9,585.94
0.00
432.21
3684.09
677.12
4,793.42
28,555.67

19829.18
3,498.12
0.00
23327.3
313.63
922.02
424.01
3555.39
13.32
5,228.37
28,555.67
1856.7
392,953,972
471.54
106

Common Size Balance Sheet of EIH Ltd

2012-13
SHAREHOLDERS' FUNDS
SHARE CAPITAL
RESERVES AND SURPLUS
NON-CURRENT LIABILITIES
LONG TERM BORROWINGS
DEFERRED TAX LIABILITIES - NET
OTHER LONG TERM LIABILITIES
CURRENT LIABILITIES and PROVISIONS
SHORT TERM BORROWINGS
TRADE PAYABLES
OTHER CURRENT LIABILITIES
PROVISIONS
TOTAL
NON-CURRENT ASSETS
NET FIXED ASSETS
INVESTMENTS
OTHER NON-CURRENT ASSETS
CURRENT ASSETS
INVENTORIES
TRADE RECEIVABLES
CASH AND BANK BALANCES
LOANS AND ADVANCES
OTHER CURRENT ASSETS
Total
Current Maturity of Long Term Debt

2011-12

2010-11

2009-10

2008-2009

3.32%
72.96%
76.29%

3.43%
75.72%
79.15%

2.98%
64.47%
67.45%

2.56%
43.57%
46.13%

2.75%
46.89%
49.64%

4.19%
5.05%
0.09%
9.34%

5.72%
4.90%
0.22%
10.84%

13.94%
3.91%
0.35%
18.20%

26.27%
4.32%
0.27%
30.86%

29.32%
4.16%
0.09%
33.57%

5.68%
1.96%
4.56%
2.17%
14.37%
100.00%

0.30%
1.71%
5.36%
2.65%
10.01%
100.00%

0.00%
1.44%
10.95%
1.96%
14.36%
100.00%

4.50%
1.22%
15.11%
2.18%
23.01%
100.00%

0.00%
1.51%
12.90%
2.37%
16.79%
100.00%

62.68%
20.51%
0.00%
83.19%

65.32%
18.86%
0.00%
84.18%

56.35%
15.77%
0.00%
72.12%

70.72%
12.31%
0.00%
83.04%

69.44%
12.25%
0.00%
81.69%

0.99%
5.04%
0.59%
10.08%
0.11%
16.81%
100.00%

0.99%
4.24%
0.36%
10.19%
0.03%
15.82%
100.00%

0.88%
3.27%
15.49%
8.20%
0.04%
27.88%
100.00%

0.98%
3.39%
0.46%
12.02%
0.11%
16.96%
100.00%

1.10%
3.23%
1.48%
12.45%
0.05%
18.31%
100.00%

1.40%

2.36%

8.04%

10.24%

6.50%

Common Size Profit and Loss Statement of EIH Ltd

2012-13
REVENUE FROM OPERATIONS
Operating Expenses :
CONSUMPTION OF PROVISIONS, WINES & OTHERS
EMPLOYEE BENEFIT EXPENSES
Other Expenses
Total Operating Expenses
EBITDA
DEPRECIATION AND AMORTISATION EXPENSE
EBIT
Finance Cost
Non Operating Income
Non Operating Expenses
Profit Before Tax
Tax
Current Tax
Deferred Tax
Profit After Tax
Power and Fuel

2011-12

2010-11

2009-10

2008-2009

100.00%
0.00%
14.88%
29.02%
37.72%
81.62%
18.38%
8.89%
9.50%
3.97%
3.84%
3.03%
6.34%
0.00%
0.90%
0.95%
4.50%

100.00%
0.00%
13.87%
28.48%
34.68%
77.03%
22.97%
8.34%
14.63%
4.87%
5.08%
0.96%
13.88%
0.00%
1.73%
1.19%
10.96%

100.00%
0.00%
13.48%
31.03%
33.23%
77.74%
22.26%
8.51%
13.75%
15.10%
14.40%
4.58%
8.47%
0.00%
0.53%
1.66%
6.28%

100.00%
0.00%
14.45%
29.73%
34.27%
78.45%
21.55%
8.26%
13.29%
12.25%
10.19%
0.42%
10.80%
0.00%
2.16%
1.69%
6.94%

100.00%
0.00%
11.56%
26.57%
32.37%
70.50%
29.50%
5.75%
23.75%
8.75%
14.44%
0.48%
28.97%
0.00%
10.13%
0.77%
18.07%

8.36%

7.26%

7.07%

7.72%

6.14%

Trend Balance Sheet of EIH Ltd

SHAREHOLDERS' FUNDS
SHARE CAPITAL
RESERVES AND SURPLUS
NON-CURRENT LIABILITIES
LONG TERM BORROWINGS
DEFERRED TAX LIABILITIES - NET
OTHER LONG TERM LIABILITIES

2008-09 2009-10 2010-11 2011-12 2012-13

100.00% 100.00% 145.45% 145.45% 145.45%
100.00%
99.96% 184.72% 188.26% 187.49%
100.00%
99.96% 182.54% 185.88% 185.16%
100.00%
100.00%
100.00%
100.00%

96.36%
111.74%
339.44%
98.89%

63.88%
126.09%
545.84%
72.83%

22.73%
137.25%
296.04%
37.63%

17.23%
146.26%
132.71%
33.53%

100.00%
100.00%
100.00%
100.00%
100.00%

86.72%
125.96%
98.86%
147.43%
107.57%

128.03%
114.05%
111.22%
114.91%
134.36%

131.59%
48.40%
130.16%
69.55%
116.59%

156.36%
42.60%
110.16%
103.17%
120.50%

100.00%
100.00%

109.56%
108.13%

109.04%
172.99%

109.67%
179.54%

108.76%
201.75%

100.00%

109.35%

118.63%

120.15%

122.71%

Total

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

95.85% 107.37%
113.03% 136.27%
33.25% 1401.57%
103.87%
88.44%
249.47% 112.54%
99.65% 204.56%
107.57% 134.36%

105.61%
153.11%
28.20%
95.39%
85.36%
100.71%
116.59%

108.77%
188.24%
48.03%
97.51%
282.43%
110.64%
120.50%

Current Maturity of Long Term Debt

Shares Outstanding
Dividend on Equity Shares
Market Price

100.00%
100.00%
100.00%
100.00%

169.39%
100.00%
100.00%
107.55%

42.39%
145.45%
133.34%
88.68%

25.95%
145.45%
109.09%
59.43%

CURRENT LIABILITIES and PROVISIONS

SHORT TERM BORROWINGS
TRADE PAYABLES
OTHER CURRENT LIABILITIES
PROVISIONS
TOTAL
NON-CURRENT ASSETS
NET FIXED ASSETS
INVESTMENTS
OTHER NON-CURRENT ASSETS
CURRENT ASSETS
INVENTORIES
TRADE RECEIVABLES
CASH AND BANK BALANCES
LOANS AND ADVANCES
OTHER CURRENT ASSETS

166.20%
145.45%
109.09%
75.47%

Trend Income Statement of EIH Ltd

REVENUE FROM OPERATIONS

Operating Expenses :
CONSUMPTION OF PROVISIONS, WINES & OTHERS
EMPLOYEE BENEFIT EXPENSES
Other Expenses
Total Operating Expenses
EBITDA
DEPRECIATION AND AMORTISATION EXPENSE
EBIT
Finance Cost
Non Operating Income
Non Operating Expenses

2008-09 2009-10 2010-11 2011-12 2012-13

100.00%
87.29% 108.93% 118.38% 120.17%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

109.10% 126.98%
97.69% 127.25%
92.41% 111.83%
97.14% 120.12%
63.76%
82.18%
125.43% 161.20%
48.83%
63.05%
122.28% 188.11%
61.56% 108.64%
76.10% 1032.34%

141.97%
126.89%
126.86%
129.35%
92.17%
171.66%
72.93%
65.95%
41.60%
234.05%

154.59%
131.26%
140.04%
139.12%
74.88%
185.74%
48.04%
54.56%
31.93%
752.16%

Profit Before Tax

Tax
Current Tax
Deferred Tax
Profit After Tax

100.00%

32.55%

31.84%

56.73%

26.29%

100.00%
100.00%
100.00%

18.63%
193.16%
33.55%

5.65%
236.23%
37.87%

20.20%
183.66%
71.84%

10.62%
148.37%
29.91%

Power and Fuel

100.00%

109.71%

125.50%

139.89%

163.67%

2012-13

Profit Margin Ratios:

Operating Profit Margin
Cash Profit Margin
Net Profit Margin

2011-12

2010-11

2009-10

9.50%
18.38%
4.50%

14.63%
22.97%
10.96%

13.75%
22.26%
6.28%

13.29%
21.55%
6.94%

6.16%
6.87%
1.94%
1.59%

7.16%
7.69%
4.69%
2.93%

6.62%
7.29%
3.22%
-1.82%

5.99%
6.77%
4.03%
-1.64%

Coverage Ratios:
Interest Cover
DSCR

1.93
2.01

2.40
1.68

0.77
0.44

0.77
0.35

Turnover Ratios:
Total Assets Turnover
Fixed Assets Turnover
Current Assets Turnover

0.33
0.52
2.05

0.31
0.51
1.40

0.30
0.47
0.77

0.28
0.40
1.58

Leverage Ratios:
Total outside liabilities to equity ratio
Debt to Equity

1.15
0.09

1.28
0.21

1.57
0.49

1.85
0.76

Liquidity Ratios:
Current Ratio
Quick Ratio

1.33
1.25

1.81
1.73

1.26
1.21

0.88
0.83

0.89
0.9
1.01
-0.01
46.01
70.66
1.37

2.14
1.1
0.51
0.49
45.69
43.89
2.06

1.13
0.9
0.80
0.20
41.52
70.85
1.93

1.45
1.2
0.82
0.18
36.07
78.36
3.16

27.52
13.26
72.77
7.20
50.67
134.69
63.94
-70.75

25.76
14.17
78.71
8.37
43.61
132.23
57.78
-74.45

25.07
14.56
83.98
8.94
40.83
122.30
55.39
-66.91

21.03
17.35
94.19
8.38
43.54
123.75
60.89
-62.86

0.71
0.67

0.79
0.95

0.74
0.62

0.64
0.81

Return on Investment Ratios:

ROA
ROCE
ROE
ROE(Excl non-op items)

Market Ratios:
Earnings per Share
Dividend per Share
Payout Ratio
Retention Ratio
Book Value per Share
PE Ratio
PB Ratio
Operating Cycle n Cash Cycle
Inventory Turnover
Inventory Period
Raw Material Inventory Period
Receivable Turnover
Receivable Period
Creditiors Period
Operating Cycle
Cash Cycle
DuPont Analysis
PAT/PBT
PBT/PBIT

PBIT/Sales
Sales/Total Assets
Total Assets/Equity
ROE

0.09
0.33
1.29
1.94%

0.15
0.31
1.37
4.69%

0.14
0.30
1.73
3.22%

0.13
0.28
2.09
4.03%

2008-09

23.75%
29.50%
18.07%

vai

tan
1.47
0.65

vai

u
1.81
0.72
u

4.34
1.2
0.28
0.72

24.44

tar

ta