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INTRODUCTION
ANAND RATHI
Leading full service securities firm Provides the entire gamut of financial services. 350 locations across India International presence in Dubai, Hong Kong & New York Founded by Mr. Anand Rathi and Mr. Pradeep Gupta AR provides a breadth of financial and advisory services, supported by powerful research teams. Including wealth management, Investment banking Corporate advisory Brokerage & distribution of equities Commodities Mutual funds Insurance
INTRODUCTION
POWER SECTOR
Total Installed Capacity of Indian Power Sector (By Fuel) (By 31st March , 2010) Source: 91st Annual Reports of TATA Power
RESEARCH METHODOLOGY
OBJECTIVES:
To compare performance of the selected companies of the power sector of India To make Fundamental Analysis using ratios of the selected five companies in the power sector which are listed on a National Stock Exchange and Bombay Stock Exchange. To make the Environmental Analysis of the selected five companies in the power sector which are listed on a National Stock Exchange and Bombay Stock Exchange.
Secondary Data
ANALYSIS TOOLS:
Weighted Average
Environmental Analysis
COMPANIES ANALYSED
NTPC TPC Torrent
Power
Powergrid BHEL
Debt-to-equity ratio Current Ratio Interest Cover Ratio Fixed Asset Turnover Ratio Inventory Turnover Ratio Debtors Turnover Ratio ROCE (Return on Capital Employed) RONW (Return on Net Worth) EPS (Earnings per Share)
ENVIRONMENTAL ANALYSIS
RESEARCH METHODOLOGY
DESIGN:
Descriptive Research
LIMITATIOS:
Time Constraint
Only Power Sector Only Five Companies
FUNDAMENTAL ANALYSIS
ANALYSIS
ANALYSIS
ANALYSIS
ANALYSIS
ANALYSIS
ANALYSIS
ANALYSIS
ANALYSIS
ANALYSIS
FINDINGS
BHEL: liquidity, EPS Price to Earnings ratio of TPC Torrent gives higher return on capital employed BHEL also gives higher return on net worth Environmental analysis TPC On the basis of both the analysis, we can rank TPC and BHEL as the best amongst the power sector companies and the environmental policies they are using have tried to protect our environment from the pollution.
CONCLUSION
BHEL and TPC BHEL for Fundamentals TPC for Environmental Powergrid
BIBLOGRAPHY
June 22, 2011 http://www.rathi.com/about_us.html July 2, 2011 http://www.moneycontrol.com/financials/ntpc/ratios/NTP July 2, 2011 http://www.moneycontrol.com/financials/torrentpower/ratios/TP14 July 2, 2011 http://www.moneycontrol.com/financials/tatapowercompany/ratio July 2, 2011 http://www.moneycontrol.com/financials/powergridcorporationind July 2, 2011 http://www.moneycontrol.com/financials/bharatheavyelectricals/ra
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