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ANALSIS IN HATSUN
Guided by
Dr. Shailesh Rastogi
Dean of MBA program
Thiagarajar school of management.
By
Anand J
1511010
II MBA
ABOUT COMPANY
The Cornerstone of the Brand Philosophy of Hatsun Milk & Milk
products stems from the product essence in itself. Every product
coming from the stable is Made from the Purest of Cow Milk.
Milk sourced from very fine quality cows that are reared in the
pastoral heart lands. Fed on lush green grass, drinking clean water,
breathing in crisp fresh air and basking in golden sunlight, the cows
provide creamy, frothy milk that goes into the making of every dairy
product of Hatsun.
CONT
The brand commands a national presence and is
available in various product forms- Cooking & Table
Butter, Ghee, Varieties of Curd, Dairy Whitener.
Coming in various sizes and packaging formats, the
brand is rapidly expanding its frontiers and growing at a
steady pace.
Estimated market share of close to 35% in south India.
Hatsun curd
Hatsun paneer
Hatsun Ghee
Hatsun Dairy Whitener
Hatsun Butter Milk
Hatsun Extra Cooked Ghee
Hatsun Butter
Hatsun Cooking Butter
Hatsun Skimmed Milk Powder
FINANCIAL ANALYSIS
OBJECTIVE
RESEARCH METHODOLOGY
Research
RESEARCH DESIGN
Research Design is the strategy for the study and the plan by which
the strategy is to be carried out.
It is the set of decisions that make up the master plan specifying the
methods and procedures for the collection, measurement and
analysis of data. The project adopts the following research design.
The present study deals with the data collected from the annual
reports and other relevant documents for the period commencing
from 2012-2013 to 20014-2015.
Ratio analysis.
RATIOS USED
CURRENT RATIO
The companys ability to meet current obligations, the current assets must be
sufficient to pay current liabilities.
Current Assets/Current Liabilities
QUICK RATIO
Quick assets are those assets, which are readily convertible into cash. They include
cash and bank balances, bills receivable, debtors, short-term investments
current Assets - Inventories
Current Liability
CONT
DEBT EQUITY RATIO
Indicates what is the proportion of fixed interest bearing capital taken by the company, as compared
to the equity shareholders capital.
Total Long Term Debts / Shareholders Fund
CONT
OPERATING MARGIN RATIO
The operating margin formula is calculated by dividing the operating income by the
net sales during a period.
EBIT/Net sales
CONT
NET PROFIT RATIO
Obtained when operating expenses, interest and taxes are subtracted from the
gross profit.
Net profit/Sales
RETURN ON ASSET RATIO
The return on assets ratio formula is calculated by dividing net income by
average total assets.
Net income/Average assets
CONT
RETURN ON INVESTMENT
The return on investment formula is calculated by subtracting the cost from the
total income and dividing it by the total cost
Investment revenue-investment cost
Investment cost
Ratio
Description
1.11
> 2 is Good,
< 2 is Not Good
0.39
> 1 is Good,
< 1 is Not Good
3.15
> 2 is Good,
< 2 is Not Good
Current Ratio
(x)
Quick Ratio
(x)
Interest
Coverage
Ratio (x)
Good/Not Good
Ratio
Description
1.27
< 2 is Good,
> 2 is Not Good
0.57
> 5% is Good,
< 5% is Not Good
14.07
Debt Equity
Ratio (x)
Return On
Asset (%)
Return On
Equity (%)
Good/Not Good
HATSUN
NESTLE
KWALITY
MODERN
DIARIES
2010
0.45
0.72
4.00
1.29
2011
0.69
0.88
9.18
0.83
2012
0.58
1.31
13.40
1.23
2013
0.43
1.71
10.48
1.45
2014
1.42
1.45
7.28
2.28
2015
1.11
1.01
16.04
2.06
CURRENT RATIO
Current ratio
18
16
14
12
10
8
6
4
2
0
HATSUN
NESTLE
2010
2011
KWALITY
2012
2013
MODERN DIARIES
2014
2015
YEAR
HATSUN
NESTlE
KWALITY
MODERN
DIARIES
2010
4.01
8.83
4.57
2011
1.08
0.09
17.63
5.46
2012
1.01
0.56
-18.95
5.70
2013
1.58
0.50
3.16
6.94
2014
1.37
0.49
-0.82
8.08
2015
1.27
0.01
1.78
7.08
DEBT - EQUITY
Debt-equity ratio
20
15
10
5
0
HATSUN
-5
NESTlE
KWALITY
MODERN DIARIES
-10
-15
-20
-25
2010
2011
2012
2013
2014
2015
YEAR
HATSUN
NESTLE
KWALITY
MODERN
DIARIES
2010
0.24
13.09
0.49
-0.41
2011
1.38
12.80
1.00
-0.09
2012
1.66
12.81
3.80
103.45
2013
2.06
12.28
2.61
-0.18
2014
3.28
12.02
2.77
1.48
2015
3.61
12.89
2.67
-3.55
120
100
80
60
40
20
0
HATSUN
-20
2010
NESTLE
2011
KWALITY
2012
2013
MODERN DIARIES
2014
2015
YEAR
HATSUN
NESTLE
KWALITY
MODERN
DIARIES
2010
15.15
44.76
62.60
-7.71
2011
18.88
40.45
66.53
19.44
2012
22.30
37.74
51.58
-3.69
2013
19.95
32.74
39.61
48.53
2014
23.36
30.59
37.81
-81.61
2015
14.07
11.80
28.06
-71.65
RETURN ON INVESTMENT
Return on investment
80
60
40
20
0
HATSUN
-20
NESTLE
KWALITY
MODERN DIARIES
-40
-60
-80
-100
2010
2011
2012
2013
2014
2015
CONCLUSION
This study shows that the financial performance of Hatsun is efficient to maintain the
profitability being attained.
Inadequate working capital will lead to lack in liquidity position and it decreases the
profit of the company.
The level of current assets has to be increased in order to meet the increasing payables.
Thus, it can be concluded that this company is performing well compare to previous year.