Accounting for Managers

Financial Status of top 5 Refineries in India

Submitted by:Kavita ( 19A) | Akshay (4A) | Sachin (36A) | Richa (33A) | Ashirvad ( 9A)

Comparison of Net worth, Total DebtBalance Sheet of Industries

------------------- in Rs. Cr. -------------------

BPCL HPCL IOCL ESSAR MRPL Sources Of Funds Total Share Capital 723.08 339.01 2,427.95 1,466.12 1,752.66Equity Share Capital 723.08 339.01 2,427.95 1,466.12 1,752.66Share Application Money 0 0 0 0 0Preference Share Capital 0 0 0 0 0Reserves 18,735.68 14,673.15 63,564.13 964.51 5,316.21Networth 19,458.76 15,012.16 65,992.08 2,430.63 7,068.87Secured Loans 13,933.52 4,262.57 17,865.99 20,996.65 3,894.80Unsecured Loans 6,058.54 27,667.48 62,733.13 44.88 4,958.77Total Debt 19,992.06 31,930.05 80,599.12 21,041.53 8,853.57Total Liabilities 39,450.82 46,942.21 146,591.20 23,472.16 15,922.44

BPCL

HPCL

IOCL

ESSA

RM

RPL

0.00

10,000.00

20,000.00

30,000.00

40,000.00

50,000.00

60,000.00

70,000.00

Networth

Networth

BPCL

HPCL

IOCL

ESSA

RM

RPL

0.0010,000.0020,000.0030,000.0040,000.0050,000.0060,000.0070,000.0080,000.0090,000.00

Total Debt

Total Debt

Comparison of Net worth, Total DebtBP

CL

HPCL

IOCL

ESSA

R

MRP

L

0.00

20,000.00

40,000.00

60,000.00

80,000.00

100,000.00

120,000.00

140,000.00

160,000.00

Total Liabilities

Total Liabilities

Comparison of Total AssetsBalance Sheet of Industries BPCL HPCL IOCL ESSAR MRPL

Application Of Funds Gross Block 38,048.55 42,287.19 111,730.13 26,249.33 12,234.33Less: Revaluation Reserves 0 0 0 0 0Less: Accum. Depreciation 19,009.04 16,374.95 48,781.34 5,616.11 6,242.91Net Block 19,039.51 25,912.24 62,948.79 20,633.22 5,991.42Capital Work in Progress 3,065.10 4,585.56 33,879.23 3,738.36 8,551.55Investments 11,846.89 10,859.87 23,594.19 598 15Inventories 19,071.13 18,775.41 64,697.37 9,309.96 8,448.96Sundry Debtors 4,080.16 5,465.95 11,023.10 7,100.10 4,481.15Cash and Bank Balance 203.76 34.71 2,608.53 3,631.53 10,672.33Total Current Assets 23,355.05 24,276.07 78,329.00 20,041.59 23,602.44Loans and Advances 15,120.86 11,944.35 53,662.57 7,053.09 1,357.27Fixed Deposits 0 0 0 0 0Total CA, Loans & Advances 38,475.91 36,220.42 131,991.57 27,094.68 24,959.71Deferred Credit 0 0 0 0 0Current Liabilities 29,150.69 28,306.24 79,044.20 28,542.98 23,427.11Provisions 3,825.90 2,329.64 26,778.38 49.12 168.13Total CL & Provisions 32,976.59 30,635.88 105,822.58 28,592.10 23,595.24Net Current Assets 5,499.32 5,584.54 26,168.99 -1,497.42 1,364.47Miscellaneous Expenses 0 0 0 0 0Total Assets 39,450.82 46,942.21 146,591.20 23,472.16 15,922.44 Contingent Liabilities 17397.99 8687.79 56409.36 1452.77 2030.82Book Value (Rs) 269.11 443.32 271.8 16.77 40.33

Comparison of Total Assets

BPCL

HPCL

IOCL

ESSA

R

MRP

L

0.00

20,000.00

40,000.00

60,000.00

80,000.00

100,000.00

120,000.00

140,000.00

160,000.00

Total Assets

Total Assets

Comparison of Total Income and Expenses

Profit & Loss account ------------------- in Rs. Cr. -------------------

BPCL HPCL IOCL ESSAR MRPL 12 mths 12 mths 12 mths 12 mths 12 mths Income Sales Turnover 260,060.53 223,271.33 473,210.09 98,601.87 71,814.79Excise Duty 0 0 0 0 0Net Sales 260,060.53 223,271.33 473,210.09 98,601.87 71,814.79Other Income 1,468.66 974.45 5,164.09 870.69 432.06Stock Adjustments 2,030.30 547.87 1,153.00 -148.38 674.08Total Income 263,559.49 224,793.65 479,527.18 99,324.18 72,920.93Expenditure Raw Materials 240,325.98 207,481.45 424,905.57 90,165.57 70,856.68Power & Fuel Cost 1,196.89 109.5 6,213.95 1,478.19 32.48Employee Cost 2,896.35 2,030.30 6,618.97 224.61 215.47Other Manufacturing Expenses 0 4,843.28 0 366.72 0Selling and Admin Expenses 0 0 0 0 0Miscellaneous Expenses 9,585.39 4,116.94 20,922.37 2,386.46 378.73Preoperative Exp Capitalised 0 0 0 0 0Total Expenses 254,004.61 218,581.47 458,660.86 94,621.55 71,483.36

BPCL

HPCL

IOCL

ESSA

RM

RPL

0.00

100,000.00

200,000.00

300,000.00

400,000.00

500,000.00

600,000.00

Total Income

Total IncomeBP

CLHP

CLIO

CLES

SAR

MRP

L0.00

100,000.00

200,000.00

300,000.00

400,000.00

500,000.00

Total Expenses

Total Expenses

Comparison of Operating Profit and Reported Net Profit Profit & Loss account BPCL HPCL IOCL ESSAR MRPL Operating Profit 8,086.22 5,237.73 15,702.23 3,831.94 1,005.51PBDIT 9,554.88 6,212.18 20,866.32 4,702.63 1,437.57Interest 1,359.08 1,336.36 5,084.42 3,218.33 321.44PBDT 8,195.80 4,875.82 15,781.90 1,484.30 1,116.13Depreciation 2,246.82 2,201.94 5,760.09 1,355.21 706.42Other Written Off 0 0 0 0 0Profit Before Tax 5,948.98 2,673.88 10,021.81 129.09 409.71Extra-ordinary items 0 -58.37 -96.3 0 0PBT (Post Extra-ord Items) 5,948.98 2,615.51 9,925.51 129.09 409.71Tax 1,888.10 881.74 2,906.42 3.29 -191.49Reported Net Profit 4,060.88 1,733.77 7,019.09 125.8 601.18Total Value Addition 13,678.63 11,100.02 33,755.29 4,455.98 626.69Preference Dividend 0 0 0 0 0Equity Dividend 1,229.24 524.87 2,112.32 0 0Corporate Dividend Tax 196.58 89.2 358.99 0 0Per share data (annualised) Shares in issue (lakhs) 7,230.84 3,386.27 24,279.52 14,495.17 17,525.99Earning Per Share (Rs) 56.16 51.2 28.91 0.87 3.43Equity Dividend (%) 170 155 87 0 0Book Value (Rs) 269.11 443.32 271.8 16.77 40.33

BPCL

HPCL

IOCL

ESSA

RM

RPL

0.002,000.004,000.006,000.008,000.00

10,000.0012,000.0014,000.0016,000.0018,000.00

Operating Profit

Operating ProfitBP

CLHP

CLIO

CLES

SAR

MRP

L

0.001,000.002,000.003,000.004,000.005,000.006,000.007,000.008,000.00

Reported Net Profit

Reported Net Profit

Comparison of Earning Per Share

BPCL

HPCL

IOCL

ESSA

R

MRP

L

0

10

20

30

40

50

60

Earning Per Share (Rs)

Earning Per Share (Rs)

Comparison of Operating Profit and Reported Net Profit

Cash Flow ------------------- in Rs. Cr. -------------------

BPCL HPCL IOCL ESSAR MRPL

12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit Before Tax 5900.96 2615.5 9925.51 129.09 409.7

Net Cash From Operating Activities 8404.1 7730.08 22049.89 10095.91 8963.45

Net Cash (used in)/from-4285.89 -3774.83 -17836.58 -1688.85 -1298.63

Investing Activities

Net Cash (used in)/from Financing Activities -6243.73 -4605.97 -2108.07 -7478.51 1403.08

Net (decrease)/increase In Cash and Cash Equivalents -2125.52 -650.72 2105.24 928.55 9067.9

Opening Cash & Cash Equivalents 2326.48 -1232.14 503.29 340.71 1587.99

Closing Cash & Cash Equivalents 200.96 -1882.86 2608.53 1269.26 10655.89

BPCL

HPCL

IOCL

ESSA

RM

RPL

0

2000

4000

6000

8000

10000

12000

Net Profit Before Tax

Net Profit Before Tax

BPCL

HPCL

IOCL

ESSA

RM

RPL

-4000

-2000

0

2000

4000

6000

8000

10000

Net (decrease)/increase In Cash and Cash Equivalents

Net (decrease)/increase In Cash and Cash Equivalents

Comparison of Key Financial Ratios

Key Financial Ratios BPCL HPCL IOCL ESSAR MRPL Investment Valuation Ratios Face Value 10 10 10 10 10Dividend Per Share 17 -- -- -- --Operating Profit Per Share (Rs) 111.83 157.87 70.6 26.44 5.74Net Operating Profit Per Share (Rs) 3,596.55 6,914.96 2,011.34 680.24 409.76Free Reserves Per Share (Rs) -- -- -- -- --Bonus in Equity Capital 88.3 77.99 93.91 -- --Profitability Ratios Operating Profit Margin(%) 3.1 2.28 3.5 3.88 1.4

Profit Before Interest And Tax Margin(%) 2.23 0.99 2.19 2.48 0.41

Gross Profit Margin(%) 2.24 0.99 2.2 2.51 0.41Cash Profit Margin(%) 2.41 1.75 2.37 1.48 1.65Adjusted Cash Margin(%) 2.41 1.75 2.37 1.48 1.65Net Profit Margin(%) 1.55 0.45 1.44 0.12 0.83Adjusted Net Profit Margin(%) 1.55 0.45 1.44 0.12 0.83Return On Capital Employed(%) 18.52 6.14 9.06 14.26 3.88Return On Net Worth(%) 20.86 7.71 10.43 5.17 8.5Adjusted Return on Net Worth(%) 20.86 8.06 7.8 5.17 6.92

Return on Assets Excluding Revaluations 269.11 413.4 279.71 16.77 40.33

Return on Assets Including Revaluations 269.11 413.4 279.71 16.77 40.33Return on Long Term Funds(%) 23.37 9.38 13.7 20.02 3.88Liquidity And Solvency Ratios Current Ratio 0.87 0.72 0.81 0.64 1.06Quick Ratio 0.59 0.59 0.62 0.62 0.7Debt Equity Ratio 1.03 3.38 1.31 8.66 1.25Long Term Debt Equity Ratio 0.61 1.87 0.53 5.88 1.25

Comparison of Key Financial Ratios Cont…Key Financial Ratios          

 

  BPCL HPCL IOCL ESSAR MRPL

Management Efficiency Ratios Inventory Turnover Ratio 13.64 9.41 6.75 10.59 8.5

Debtors Turnover Ratio 64.17 39.3 38.99 16.69 16.99

Investments Turnover Ratio 13.64 9.41 6.75 10.59 8.5

Fixed Assets Turnover Ratio 6.85 4.08 3.9 3.78 5.87

Total Assets Turnover Ratio 6.6 3.83 3.11 4.23 4.51

Asset Turnover Ratio 6.53 3.97 3.16 4.08 4.89

Average Raw Material Holding -- -- -- -- --

Average Finished Goods Held -- -- -- -- --

Number of Days In Working Capital -5.66 20.62 25 -17.59 7.48

Profit & Loss Account Ratios Material Cost Composition 92.41 92.99 89.23 91.44 98.66

Imported Composition of Raw Materials Consumed 77.73 -- -- 82.56 90.36

Selling Distribution Cost Composition -- -- -- -- --

Expenses as Composition of Total Sales 7.35 -- -- 42.03 47.27

Cash Flow Indicator Ratios Dividend Payout Ratio Net Profit 30.27 56.61 36.66 -- --

Dividend Payout Ratio Cash Profit 19.48 14.95 19.32 -- --

Earning Retention Ratio 69.73 45.83 51.02 100 100

Cash Earning Retention Ratio 80.52 85.23 77.73 100 100

AdjustedCash Flow Times 3.17 11.43 7.62 14.21 7.4

Summary and Conclusion

Return On Net Worth(%) 20.86 7.71 10.43 5.17 8.5

This measure indicates how muchincome was earned for every dollar

invested by the owners.

This measure indicates how muchincome was earned for every dollar

invested by the owners.

BPCL HPCL IOCL ESSARMRPL

Summary and ConclusionIndian Oil Corporation: The Energy of India

Maintains its position as the country's largest company, according to the list of 500 Indian companies released by Financial Express.