FINANCIAL STATEMENT ANALYSIS OF MARUTI SUZUKI
By
NAMAN NAGPAL
PARAS CHAMOLI
DHRUV GUPTA
SHRADDHA BISHT
JATIN GUPTA
PARAS SHARMA
MAYANK PRAKASH
ASHISH AIMA
Profit & Loss account
For the year For the year
Ended Ended
Particulars 31.03.2021 31.03.2020 Difference % Difference
I Revenue from operations 7,03,720 7,56,600 (52,880) (7.0)
II Other Income 29,363 33,344 (3,981) (11.9)
III Total Income (I+II) 7,33,083 7,89,944 (56,861) (7.2)
IV Expenses
Cost of materials consumed 3,32,964 3,46,348 (13,384) (3.9)
Purchases of stock-in-trade 1,72,541 1,87,672 (15,131) (8.1)
Changes in inventories of
finished goods, work-in-progress
and stock-in-trade 2,736 2,387 349 14.6
Employee benefits expenses 34,316 34,162 154 0.5
Finance costs 1,018 1,342 (324) (24.1)
Depreciation and amortisation
expense 30,341 35,284 (4,943) (14.0)
Other expenses 1,08,375 1,18,896 (10,521) (8.8)
Vehicles / dies for own use 728 1,217 (489) (40.2)
Total expenses 6,81,563 7,20,100 (38,537) (5.4)
V Share of profit of associates 1,588 1,175 413 35.1
VI Share of profit of joint ventures 102 9 93 1033.3
VII Profit before tax (III-IV+V+VI) 53,210 71,028 (17,818) (25.1)
VIII Tax expense
Current tax 11,562 13,765 (2,203) (16.0)
Deferred tax 2,243 487 1,756 360.6
9,319 14,252 (4,933) (34.6)
IX Profit for the year (VII-VIII) 43,891 56,776 (12,885) (22.7)
Other Comprehensive
X Income/(loss)
(i) Items that will not be
reclassified to profit or loss
(a) gain / (loss) of
defined benefit obligation 545 718 (173) (24.1)
(b) gain / (loss) on
change in fair value of equity
instruments 4,704 3,902 802 20.6
(c) gain / (loss) on
share of other comprehensive
income in associates and joint
ventures 10
5,259 4,620 639 13.8
(ii) Income tax relating to items
that will not be reclassified to
profit or loss 123 203 (80) (39.4)
Total Other Comprehensive 5,136 4,417 719 16.3
Income/(loss) (i+ii)
Total Comprehensive Income
XI for the year (IX+X) 49,027 52,359 (3,332) (6.4)
Profit for the year attributed to:
Owners of the Company 43,891 56,760 (12,869) (22.7)
Non controlling interest 16 (16) (100.0)
43,891 56,776 (12,885) (22.7)
Other comprehensive
income/(loss) for the year
attributable to:
Owners of the Company 5,136 4,417 719 16.3
Non controlling interest
5,136 4,417 719 16.3
Total comprehensive income
for the year attributable to:
Owners of the Company 49,027 52,343 (3,316) (6.3)
Non controlling interest 16 (16) (100.0)
49,027 52,359 (3,332) (6.4)
Earnings per equity share
Basic 145.3 187.95 (43) (22.7)
Diluted 145.3 187.95 (43) (22.7)
ANALYSIS
Revenue from operations declined by 7% during the
year.
Maruti Suzuki’s gross profit decreased by 25.1%.
Depreciation charges decreased by 14% while the
financial costs (interest) dropped by 24.1% which further
indicates the debt being paid off.
The company’s other income shows a decline of 11.9%
Net Profit for the financial year 2020-21 witnessed a
decline of 22.7%
Due to decrease in Net Profit, the tax expense also
decreased by 16% and the company has increased its
deferred tax expense for the coming years.
Balance Sheet
BALANCE SHEET OF MARUTI SUZUKI Mar-21 Mar-20
INDIA (in Rs. Cr.) Difference %difference
12 months 12 months
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 151 151 0 0.0
TOTAL SHARE CAPITAL 151 151 0 0.0
Reserves and Surplus 52,349.60 49,262.00 3087.6 6.3
TOTAL RESERVES AND SURPLUS 52,349.60 49,262.00 3087.6 6.3
TOTAL SHAREHOLDERS FUNDS 52,500.60 49,413.00 3087.6 6.2
Minority Interest 0 19.2 (19.2) (100.0)
NON-CURRENT LIABILITIES
Long Term Borrowings 2.8 5.4 (2.6) (48.1)
Deferred Tax Liabilities [Net] 445.4 657.5 (212.1) (32.3)
Other Long Term Liabilities 2,168.70 2,175.60 (6.9) (0.3)
Long Term Provisions 44.7 51.6 (6.9) (13.4)
TOTAL NON-CURRENT LIABILITIES 2,661.60 2,890.10 (228.5) (7.9)
CURRENT LIABILITIES
Short Term Borrowings 488.8 106.3 382.5 359.8
Trade Payables 10,168.10 7,498.80 2669.3 35.6
Other Current Liabilities 4,720.80 3,019.60 1701.2 56.3
Short Term Provisions 742.8 680.7 62.1 9.1
TOTAL CURRENT LIABILITIES 16,120.50 11,305.40 4815.1 42.6
TOTAL CAPITAL AND LIABILITIES 71,282.70 63,627.70 7655 12.0
ASSETS
NON-CURRENT ASSETS
Tangible Assets 14,764.50 15,408.60 (644.1) (4.2)
Intangible Assets 224.2 335.8 (111.6) (33.2)
Capital Work-In-Progress 1,199.30 1,344.30 (145) (10.8)
FIXED ASSETS 16,485.50 17,159.60 (674.1) (3.9)
Non-Current Investments 34,529.10 36,269.20 (1740.1) (4.8)
Deferred Tax Assets [Net] 0 0 0
Long Term Loans And Advances 0.2 0.2 0
Other Non-Current Assets 1,723.60 1,758.10 (34.5) (2.0)
TOTAL NON-CURRENT ASSETS 52,738.40 55,187.10 (2448.7) (4.4)
CURRENT ASSETS
Current Investments 8,415.70 1,218.80 7196.9 590.5
Inventories 3,049.00 3,213.90 (164.9) (5.1)
Trade Receivables 1,279.90 1,977.70 (697.8) (35.3)
Cash And Cash Equivalents 3,047.10 29 3018.1 10407.2
Short Term Loans And Advances 23 17 6 35.3
Other Current Assets 2,729.60 1,984.20 745.4 37.6
TOTAL CURRENT ASSETS 18,544.30 8,440.60 10103.7 119.7
TOTAL ASSETS 71,282.70 63,627.70 7655 12.0
OTHER ADDITIONAL INFORMATION
CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities 15,704.30 11,232.80 4471.5 39.8
BONUS DETAILS
Bonus Equity Share Capital 0 0 0
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market
Value 1,132.30 559.8 572.5 102.3
Non-Current Investments Unquoted Book
Value 33,426.60 35,650.00 -2223.4 -6.2
CURRENT INVESTMENTS
Current Investments Quoted Market Value 0 0 0
Current Investments Unquoted Book Value 8,415.70 1,218.80 7196.9 590.5
ANALYSIS
The current liabilities of the company shows an increase of
42.6% which is the majorly due to availing short term debts
during the financial year 2021.
Long-term debt declined to approximate ₹2.8 crore in 2021
from approximate ₹5.4 crore in 2020 standing at a percentage
decrease of 48.1%
Currents assets of Maruti Suzuki showed a percentage growth of
119.7% since the assets increased to ₹18544.30 crores in 2021
from ₹8440.60 crore in 2020.
The fixed assets whereas decreased to 16,485.50 crore in 2021
from 17,159.60 crore in 2020 thereby showing a decline of
3.9%.
Decline in tangible assets and inventory by approximately 4%
and 5% has contributed towards the increase in cash and cash
equivalents from Rs 29 crore to 3047.10 crores.
