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Power Finance Corporation Limited

For year end March (Rs crore)


Income Statement FY 2016 FY 2015 FY 2014
A. Income from Operations
Interest Income 27099.83 24589.98 20980.45
Other Operating Income 680.38 363.95 634.08
Total Income From Operations 27780.21 24953.93 21614.53

B. Expenses
Interest, finance and other charges 18385.24 16326.86 13756.02
Employee Benefit Expenses 106.63 101.47 91.01
Depreciation and amortization 20.08 7.92 5.23
Other Expenses 206.72 130.81 152.54
Total Expenses 18718.67 16567.06 14004.8

C. Profit from operations before other


income and exceptional items 9061.54 8386.87 7609.73

D. Other income 105.56 59 14.69

E. Profit from ordinal activities before


Exceptional items(C+D) 9167.1 8445.87 7624.42

F. Exceptional Items - - -

G. Profit from ordinary activities before


tax 9167.1 8445.87 7624.42

H. Tax expense 2983.1 2441.47 2162.58


a. Provision for income tax 2108.21
current year 2857.89 2525.38
earlier year 12.11 -0.18
Deferred tax liability 113.1 -83.73 54.37

I. Net profit from ordinary activities


after tax 6184 6004.4 5461.84

Extraordinary items - - -

Net profit for the period 6184 6004.4 5461.84


Share profit/loss of associates - -
Minority interest - -

Net profit after taxes, minority interest


and share of profit/ loss of associates 6184 6004.4 5461.84
Balance Sheet For year end March (Rs crore)
Liabilities 3/31/2016 3/31/2015 3/31/2014
Shareholders' Funds
a. Share Capital 1320.04 1320.04 1320.04
Reserve and Surplus 34708.27 31091.31 26202.23
Total shareholders fund 36028.31 32411.35 27522.27

Non-Current Liabilities
Long-term Borrowing 172614.57 164995.41 142491.57
Deferred Tax Liabilities (net) 301.96 188.27 273
Other Long Term Liabilities 548.85 333.81 347.62
Long-term Provisions 1230.59 963.97 473.19
Total Non-Current Liabilities 174695.97 166481.46 143585.38

Current Liabilities
Current Maturity of Long-term Borrow 20474 18735.28 15409
Short- Term Borrowing 7571.57 4064.41 1314.73
Trade Payables 69.65 17.04 -
Other Current Liabilities 7564.86 6672.68 6268.59
Short- Term Provisions 815.39 529.43 219.74
Total Current Liabilities 36495.47 30018.84 23212.06

Total Equity and Liabilities 247219.75 228911.65 194319.71

Assets FY 2016 FY 2015 FY 2014


Non-Current Assets
Fixed Assets 245.11 103.92 72.26
Non-Current Investments 1819.23 23.8 23.6
Long-term Loans and advances 200380.71 197930.34 168816.19
Other non-current Assets 375.51 318.91 237.98
Total non-current assets 202820.56 198376.97 169150.03

Current Assets
Current Investments 410.74 504.04 3.83
Trade Receivables 111.21 28.59 -
Cash & Bank Balances 301.55 5367.36 459.44
Current Maturity Long-Term Loans 33634.42 16313.83 18043.75
Short- Term Loans and advances 3792.38 3006 2396.18
Other current Assets 6148.89 5314.86 4266.48
Total current assets 44399.19 30534.68 25169.68

Total Assets 247219.75 228911.65 194319.71

Calculation For Piotroski's F FY 2016 FY 2015 FY 2014


score
1. Return on Assets= Net income /Total
Assets 2.5014182726 2.6230207156 2.8107493573
2. Operating Cash Flow= Net Income +
Depreciation 6204.08 6012.32 5467.07
3. Net Income=Total Income- Total
Expenses 9167.1 8445.87 7624.42
4. Cashflow from operations>Net
Income 27780.21>9167.1 24953.93>8445.87 21614.53>7624.42

5. Current Ratio= Current Assets/


Current Liabilities 1.216567152 1.0171838752 1.0843363321
6. Debt- Asset Ratio= Long term debt/
Total Assets 0.81053682 0.8646582208 0.8687548474
7. Outstanding Shares 1320.07 1320.04 1320.01

8. Gross Margin= Gross Profit/ Net Sales


92.52% 95.52% 96.30%
9. Total Assets Turnover Ratio= Net
Sales/ Total Assets 11.2370512469 10.9011184009 11.1231794243

Piotroski's F Score 6 out of 9 4 out of 9 5 out of 9

1. Return
1. Return on Assets=
on Assets= Net/Total
Net income income
Assets/Total Assets 2. Operating

FY 2013
FY 2016
24.83%
FY 2014 23.70%FY 2013 FY 2016 FY 20
26.63% FY 2015 24.83% 23.70% 20.0
24.85%

FY 2014 FY 2015 FY 201


26.63% 24.85% 24.71%

3. Net Income=Total Income- Total Expenses 5. Curren

FY 2016 FY 2015 FY 2014 FY 2013 FY 2016 FY

19.19%
29.35% 25
24.41%
27.04% 24
19.19%
29.35% 25
24.41%
27.04% 24

6. Debt- Asset Ratio= Long term debt/ Total Assets 7.


FY 201

FY 2016 FY 2015 FY 2014 FY 2013

24.86% 23.94%

25.66% 25.54%

8. Gross Margin= Gross Profit/ Net Sales 9. Total Ass

FY 2016 FY 2015 FY 2014 FY 2013


FY 2016 FY 2015

25.64% 24.20%
23.51
25.18% 24.98%
25.58
tion Limited

FY 2013

16922.9
388.52
17311.42

11164.72
90.82
5.96
62.4
11323.9

5987.52

5993.52

5993.52

1555.78
1423.9

131.88

4437.74

4437.74

4437.74
3/31/2013

1320.02
22359.7
23679.72

121150.86
218.63
539.81
162.35
122071.65

9612.08
8709.97
-
5070.44
195.5
23587.99

169339.36

FY 2013

74.95
23.03
142524.17
399.65
143021.8

3.83
-
4957.48
15455.85
2416.11
3484.29
26317.56

169339.36

FY 2013
2.6206193291

4443.7

5993.52

17311.42>5993.52

1.1157186348

0.8416482146
1319.94

98.05%

10.2229156884

2. Operating Cash Flow= Net Income + Depreciation

FY 2013
20.08% FY 2016
28.04%

FY 2014
24.71% FY 2015
27.17%

5. Current Ratio= Current Assets/ Current Liabilities

FY 2016 FY 2015 FY 2014 FY 2013

25.16% 27.44%

24.46% 22.94%
25.16% 27.44%

24.46% 22.94%

7. Outstanding Shares
FY 2016 FY 2015 FY 2014 FY 2013

25.00% 25.00%

25.00% 25.00%

9. Total Assets Turnover Ratio= Net Sales/ Total Assets

FY 2016 FY 2015 FY 2014 FY 2013

23.51% 25.84%
25.58% 25.07%