Indiabulls Housing Finance Report Writing - Accounting and Finance Assignment Help

Assignment Task:

1. Please compute the financial ratios (similar to Ultratech Cements for the last two years along with one of its competitors or similar peer for one year; for example – your company FY16 & FY17 and competitor FY17 only) ... Please comment

While overall, the company’s profits seem to have gone up significantly, ratio analysis shows that the overall picture of the company hasn’t really improved, rather has deteriorated in certain aspects. The Margins on sales, while still very impressive, have fallen a bit, about a per cent in all the ratios, showing a slight decline in the profits per unit of sales.

The profitability ratios with respect to return on equity have remained more or less the same, except the return on equity, which has fallen by 7 percentage profits, indicated a fall in the company’s efficiency level in utilising the funds raised through shareholder’s/retained earnings.

The company’s ratios with respect to efficiency in utilising assets are uncharacteristically low. This might be due to the extremely large asset base of the company whose largest chunk is the loan extended to customers. This may simply indicate that the company has extended a large number of long term loans to the public, which is a good thing for the business. So, low turnover ratios are not a cause of concern.

The company’s short-term solvency is very impressive and seems to collect its funds on time. However, the current liabilities are larger than current assets, and hence a negative net working capital. This may be a cause of concern for the company. The company’s long-term solvency is largely unchanged. One interesting observation is the fact that the gearing ratio is more than 60%, showing a large chunk of profits attributable to debt in the capital structure.

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