Accountancy

Project
ON
(RATIO + CASH
FLOW STATEMENT)
I would like to express my special
thanks of gratitude to my teacher.
Who gave me the golden
opportunity to do this wonderful
project, which also helped me in
doing a lot of research and, I
came to know about so many
new things. I am really thankful
to them.
Secondly, I would also like to
thank my parents and friends
who helped me a lot in
finalizing this project within the
limited timeframe.

This is to certify that

a student of class - Xll has
successfully completed the
research on this project
under my supervision.
He has taken proper care
and shown utmost sincerity
in the completion of this
project. I certify that this
project is upto my
expectations and as per the
guidelines issued by CBSE.

S.NO.

TOPIC PAGE NO.

1 Introduction

2 History

3 Company’s Profile

4 Board Of Directors

5 Balance Sheet
7 Statement Of Profit & Loss

8 Accounting Ratio

a) Liquidity Ratio

b) Solvency Ratio

c) Activity Ratio

d) Profitability Ratio

9 Meaning Of Cash Flow Statement

10 Cash Flow Statement

11 Conclusion

12 Bibliography
Introduction
Introducti
on Maruti
Suzuki
Maruti Suzuki
Maruti Suzuki India Limited, a
subsidiary of the Japanese
automobile giant Suzuki Motor
Corporation, is India's largest car
manufacturer. Established in 1981,
the company has revolutionized
India's automotive industry,
bringing affordability and quality to
the forefront of car ownership.
Known for its fuel efficient and
budget-friendly vehicles, Maruti
Suzuki holds a prominent market
share in India.

With a vast portfolio of cars from

entry-level hatchbacks to premium
sedans and SUVs, Maruti Suzuki
caters to diverse customer needs.
The company's strong dealership
network and focus on innovation
and quality have cemented its
position as a market leader in the
Indian automotive sector.
 History
Maruti Suzuki was initially
established as a government-
owned entity called Maruti Udyog
Limited in 1981, aiming to provide
affordable transportation for Indian
consumers. The company
launched its first vehicle, the
Maruti 800, in 1983, which
became iconic for transforming
mobility in India. In 1982, Suzuki
Motor Corporation partnered with
Maruti, acquiring a 26% stake.
By the early 2000s, Maruti Suzuki
had become a household name in
India, with a wide range of models
catering to various market
segments. In 2003, the Indian
government
divested its shares, making
Suzuki the majority stakeholder.
Maruti Suzuki has since continued
to innovate, adapting to changing
trends and evolving consumer
demands.
 Company Profile:-
Type Public

Founder Government of India

Founded 1981

Key PeopleHisashi Takeuchi

(Managing Director
& CEO)

Headquarters New Delhi, India Area

Served Primarily India No. Of

Employees Approximately 34,000

Board Of
 Directors Chairman
Emeritus & Board Of Directors :-
Name Designations

R.C. Bhargava Chairman Emeritus

Kenichi Ayukawa Executive Vice

Chairman

Hisashi Takeuchi Managing Director &

CEO R.C. Bhargava Non-Executive

Chairman Keniichi Ayukawa Executive

Vice-Chairman Rajesh Uppal Senior

Executive Director

Standalone Balance Sheet

As at March 31, 2024
(All amounts in I million, unless otherwise stated)
 174,314
6,129
63,034
4,510
2,305
646,015
1
822
5,439
1,124
21,531

925,224
41,196
39,122
46,013
4,557
43
327
19,801
26,565
177,624
1,102,848

1,572
838,248
839,820

677
1,448
31,616
33,741

331
178
1,592
144,232
19,426
39,432
12,066
12,030

229,287
263,028
1,102,848
As at
Particulars Other non-current liabilities 10 Page No. 31.03.2023

ASSETS Total non-current liabilities 6

Current liabilities Financial 8 166,666
Non-current assets liabilities 11.1 318-322 359-360 321-322 322- 5,904
Property, plant and equipment 323 323
Borrowings 11.2 28,081
Right-of-use assets 323-326 327
Lease liabilities 7 5,479
Capital work-in-progress 328
Trade payables 9 889
Intangible assets 337
Total outstanding dues of micro and 12 477,564
Intangible assets under 334-335 329
small enterprises 2
development Total outstanding dues of creditors
Financial assets 580
other than micro and small
Investments enterprises Other financial liabilities 5,729
Loans Other current liabilities 3,411
328
Other financial assets Provisions Current tax 1 21,483
323-326 327
Non-current tax assets (Net) liabilities (Net) 3 329
Deferred tax assets (Net) Total current liabilities 1 329 715,788
Other non-current assets Total liabilities 4 327 42,838
Total non-current assets Total equity and liabilities 328 -
32,958
Current assets 329
3 334
Inventories
The accompanying notes are 5 43
Financial assets
forming part of these standalone 1 297
Investments
financial statements. 7 21,859
Trade receivables
Notes No. 1 17,670
Cash and cash equivalents
9 330 115,999
Other bank balances
1 331-332 831,787
Loans
5
Other financial assets
3
Other current assets 4
5
Total current assets 35
2
Total assets 4.2 359-360 333-334 336
0 1,510
EQUITY AND LIABILITIES 5
2 602,310
Equity 5.1 603,820
0
Equity share capital 6
1 333
Other equity 7
6 359-360 336-337 336-337 333
Total equity 9
1 336 249
Liabilities 21
9 333-334 337
Non-current liabilities 18 876
1 As at
Financial liabilities 12 25,849
7 31.03.2024
Lease liabilities 26,974
2
Provisions
12,158 116,043 10,038 200,99 7
66 18,123 11,566 3 831,78
1,761 31,238 227,96 7

In terms of our report attached Date: April 26, 2024 For and on behalf of the Board of Directors
For Deloitte Haskins & Sells LLP 1
Chartered Accountants
(Firm's Registration No. 117366W/W-100018)

ALKA CHADHA
Partner KENICHIRO TOYOFUKU
(Membership Number 93474) Director (Corporate Planning)
HISASHI TAKEUCHI Managing Director and CEO DIN:
07806180 DIN: 08619076
ARNAB ROY SANJEEV GROVER
Chief Financial Officer Place: New Delhi Executive Officer and Company Secretary ICSI Membership
Date: April 26, 2024 No: F3788
Place: New Delhi

Maruti Suzuki India Limited | Annual Integrated Report 2023-24

Standalone Statement of Profit and Loss

for the year ended March 31, 2024
(All amounts in mI illion, unless otherwise stated)

ParticularsNotes

I
II
II
I
I
V

V
VI

VII VIII

IX
 (288)

Revenue from (i) Items that will not be 24.2 338 33

2,688
operations reclassified to profit or
25 2 134,782
Other income loss (a) Re-
26 339
Total Income (I+II) measurements of the 33
27 431.0
Expenses defined benefit plans (b) 339
28 2
339 8
Cost of materials Fair value changes on 341-342 342
consumed Equity Instruments 340 431.0
Year ended 31.03.2023
Purchases of stock-in- through other 340-341
1,175,229 21,613
trade comprehensive income
Year ended 31.03.2024 1,196,842
Changes in inventories
of finished goods, work- 2 1,409,326 38,548
(ii) Income tax relating
in-progress and stock- to items that will not be 9 1,447,874 466,70
in-trade reclassified to profit or 2 0
341-
Employee benefits loss 9 459,397 551,099 399,77
expense 342
Total Other (4,429) (4,037)
Finance costs 341-
Comprehensive Income 2
Depreciation and for the year (i+ii) Total 14. 342 46,051
54,784
amortisation expenses Comprehensive Income 1,866
1,932
Other expenses for the year (VII + VIII) 4 28,233
30,223
Vehicles/dies for own I) 14. 186,352 (1,888) 158,039 (1,373)
use
Earnings per equity 1,277,470 170,404 1,095,251 101,591
Total expenses (IV) share ( 5
Profit before tax (III - 29
Basic 22,475
IV) 36,311
Diluted (1,376)
Tax expense 1,999
No. 38,310 21,09
Current tax 31
22 132,094 9
Deferred tax Page No. 337-338 338
23 80,49
2
Profit for the year (V -
(453) (344)
VI)
24.1 3,429 929
Other Comprehensive
Income
2,976 585
8 593 81,085 266.4 6 266.4
8
6
The accompanying notes are forming part of these standalone financial statements.

In terms of our report attached HISASHI TAKEUCHI Partner

For Deloitte Haskins & Sells LLP For and on behalf of the Board of Directors (Membership Number 93474)
Chartered Accountants Managing Director and CEO
(Firm's Registration No. 117366W/W-100018) DIN: 07806180

ALKA CHADHA ARNAB ROY

Director (Corporate Planning)
DIN: 08619076
KENICHIRO TOYOFUKU
SANJEEV GROVER

Place: New Delhi Date: April 26, 2024 Place: New Delhi
Chief Financial OfficerExecutive Officer and Company Secretary ICSI Date: April 26, 2024
Membership No: F3788

Maruti Suzuki India Limited | Annual Integrated Report 2023-24

Subject Matter
Of
Subject
 Matter Of
Project...
Project...
The project is to analyze the
financial data of the company
Infosys and give assessment on the
profitability and liquidity of the
company, for the last two years on
the basis of tools of analysis to
asses whether the company will be
able to meet its short - term financial
obligations.

Objectives
To study whether the company has
performed better than before and to
assess whether the company’s
business is on the right path or not.

Accounting
Ratios...
Ratio Analysis is technique of
financial statements Analysis. It is
more widely used tool to interpret
quantitative relationships between
two variable of the financial
statements.

The term accounting ratio is used to

describe significant relationship
which exists between figures shown
in a balance sheet, in a statements
of project and loss, in a budgetary
control system or in any part of the
accounting organization.

A financial ratio matches two or

more pieces of monetary data and
presents them in the form of a
percentage, proportion, or in relation
to a period of time.

1.Liquidity Ratio
Liquidity Ratio are those ratios
which are computed to evaluate the
capacity of the entity to meet its
short term liability.
Current Ratio
Quick Ratio or Liquid Ratio.

Current Ratio :-
It refers to a company’s ability to
generate enough cash to pay off its
debts once they become due. Its
used globally as a way to measure
the overall financial health of a
company.

Current Ratio = Current Asset

Current Liabilities
For year 2024 = 177,624 =
0.77 % 229,287

For year 2023 = 115,999 = 0.58 %

200,993
Comment - Improved liquidity
suggests a slightly better capacity to
cover short-term obligations, though
still below 1. Continued monitoring is
advised for adequate short-term
asset management.
Quick Ratio :-
The quick ratio is an indication of a
company short term liquidity position
and measure of a company’s ability to
meet its short term obligations with its
most liquid assets.

Quick Ratio = Current Assets

- Inventory
Current
Liabilities

For year 2024 = 177,624 -

41,196 = 0.60 % 229,287

For year 2023 = 115,999 - 42,838

= 0.36 % 200,993

As there are no inventories and no

prepaid expenses, current Assets
and liquid assets are equal.
Interpretation - The increase
indicates stronger liquidity without
reliance on inventory, suggesting
 better handling of immediate
liabilities in 2024.

2.Solvency Ratio
“Solvency Ratio”are those ratio
which shows whether the
enterprise will be able to meet its
long term financial obligations, i.e
long - term liabilities.

Important Solvency Ratio are -

Debt to equity ratio.
Proprietary ratio.
Total assets to debt ratio.
Interest coverage ratio.
Debt to Equity Ratio :-
The debt to equity ratio is used to evaluate a
company financial leverage and is calculated
by dividing a company’s total liabilities by its
shareholders equity.

Debt to Equity Ratio = Debt

Equity

For year 2024 = 263,028 = 0.31 %

839,820

For year 2023 = 227,967 = 0.38 %

603,820

Interpretation - Decreased leverage in 2024

reflects a lower dependency on debt. This
trend shows a more conservative financial
structure, reducing financial risk.
Proprietary Ratio :-
The proprietary ratio is the proportion of
shareholders equity to total assets and
as such provides a rough estimate of
the amount of capitalization currently
used to support a business.
Proprietary Ratio = Equity
Total Assets

For year 2024 = 839,820 = 0.76 %

1,102,848

For year 2023 = 603,820 = 0.73 %

831,787

Interpretation - A slight increase in

equity proportion indicates a more
stable financial position, as assets are
primarily financed by shareholders,
reducing reliance on external debt.
Total Asset to Debt
Ratio :- Total asset to debt ratio is a
leverage ratio that defines the total
amount of debt relative to assets
owned by a company. It measure the
safety margin available to lender at
long - term debts.
Total Assets to Debt Ratio =
Total
Asset
s
Debt

For year 2024 = 1,102,848 = 4.19 %

263,028

For year 2023 = 831,787 = 3.65 %

227,967

Interpretation - Improved coverage of

liabilities by assets suggests a
healthier financial position, as assets
cover debts more comfortably in 2024,
enhancing security for creditors.
Interest Coverage
Ratio :- Interest coverage ratio is
used to measure how well a firm can
pay the interest due on outstanding
debt. The interest coverage ratio is
calculated by dividing company’s
earning before interest and taxes
(EBIT) by interest expense during a
give period.

Interest Coverage Ratio = Profit

before int. & Tax
Int. on long term
debt

For year 2024 = 170,404 + 1932

= 89.20 % 1,932

For year 2023 = 101,591 +

1,866 = 55.43 % 1,866

Interpretation - Increased capacity to

cover interest expenses shows a strong
improvement in financial stability, with
greater protection against interest rate
risks in 2024.
 3.Activity Ratio
An activity ratio is type of financial
metric that indicates how
efficiency a company is leveraging
the assets on its balance sheet, to
generate revenue and cash.

Important Activity Ratio are -

Inventory turnover ratio
Trade Receivables Ratio
Trade Payable turnover Ratio
Working capital turnover Ratio
Inventory Turnover
Ratio :- Inventory turnover ratio is
a financial ratio showing how many
times a company has sold and
replaced inventory during a given
period.
Inventory Turnover Ratio = Net Sales
Avg. Inventory

For year 2024 = 459,397 =

10.93 times. 42,017
For year 2023 = 466,700 =
11.11 times. 42,017

Interpretation - Higher inventory

turnover in 2024 points to efficient
inventory management, with inventory
moving quickly. This enhances
working capital efficiency and reduces
holding costs.
Inventory Receivables
Ratio :-
The effectiveness of a company’s credit
and collection practices is calculated by
the trade Receivables turnover ratio. It is
financial up by dividing net credit sales by
the average accounts receivables during a
given time frame.

Inventory Receivables Ratio = Net

Credit RFO or
Sales Avg. trade
Receivables

For year 2024 = 1,409,326 =

35.69 times 39,485.5
For year 2023 = 1,175,229 = 29.76 times
39,485.5

Interpretation - High and consistent

receivables turnover demonstrates
efficient collection practices. It reflects well
on cash flow management and customer
payment reliability.
Trade Payable Turnover
Ratio :- Trade Payable Turnover
Ratio is also known as Accounts
 payable turnover ratio or the creditors
turnover ratio. This ratio is used to
measure the number of times the
business is paying off its
creditors or suppliers in an
accounting period. Trade
Payable = Net Credit Purchases
turnover ratio Avg. trade
Payables

For year 2024 = 551,099 =

4.23 times 130,137.5
For year 2023 = 399,772 = 3.07
times 130,137.5

Interpretation - A high ratio would

indicate quick supplier payments;
stable or improving values suggest
effective creditor relationships and
prompt payments.
 Working Capital Turnover
Ratio :-
Working Capital turnover ratio is the ratio
between the net revenue and the working
capital of a business. It indicate how
effectively a company use the available
funds for production.

Working Capital = Revenue from

operation turnover ratio Working
Capital

For year 2024 = 1,409,326 =

27.28 times -51,663
For year 2023 = 1,175,229 = 13.82 times
-84,994

Interpretation - Negative working capital

turnover in both years (due to a negative
working capital) indicates high operational
efficiency with minimized excess inventory
 and receivables.

4.Profitability Ratio
Profitability Ratio are a class of
financial metrics that are used to
assess a business ability to
generate earnings relative to its
revenue, operating costs, balance
sheet assets. or shareholders equity
over time, using data from a specific
point in time.

Important Profitability Ratio are -

Gross Profit Ratio
Operating Profit Ratio
Operating Ratio
Net Profit Ratio
Return on Investment.
Gross Profit Ratio -
The Gross Profit Ratio measures a
company profitability by comparing its
gross profit to net sales. It reflects the
portion of net sales that. It reflects the
portion of net sales that constitution gross
profit.

Gross Profit Ratio = Gross Profit *100

RFO

For year 2024 = 1,409,326 - 459,397 *100

= 67.40 % 1,409,326
For year 2023 = 1,175,229 - 466,700
*100 = 60.29 % 1,175,229

Interpretation - Stable or increasing values

would signal improved sales efficiency
relative to production costs. Monitoring
this can highlight cost control measures'
effectiveness.
Operating Profit Ratio -
Operating Profit Ratio measures the
relation between operating profit and
revenue from operations i.e, Net sales

Operating Profit Ratio = Operating

Profit *100 RFO

For year 2024 = 170,404 *100 =

12.09 % 1,409,326
For year 2023 = 101,591 *100 =
8.64 % 1,175,229

Interpretation - Rising values imply

better operational efficiency and control
over non-production expenses,
contributing to overall profitability.
Operating Ratio -
Operating Ratio shows the efficiency of
a company’s management by
comparing that total operating
expenses of a company to net sales.
 Gross Profit Ratio = Cost of RFO +
Op. Exp*100 Net RFO

For year 2024 = 1,277,470 *100

= 90.64 % 1,409,326

For year 2023 = 1,095.251 *100

= 93.19 % 1,175,229

Interpretation - Lowering this ratio

would indicate more revenue is
retained as profit, suggesting cost
efficiency.
Net Profit Ratio -
The net profit percentage is the ratio of
after tax profit to net sales. It reveals the
remaining profit after all cost of
production, administration and financing
have been deducted from sales and
income taxes.
 Net Profit Ratio = Cost of Net Profit
After Tax*100 RFO

For year 2024 = 132,094 *100 =

9.37 % 1,409,326
For year 2023 = 80,492 *100 =
6.85 % 1,175,229

Interpretation - Increased profitability per

revenue unit reflects strong bottom-line
growth, suggesting effective cost
management and revenue growth in
2024.
Return On Investment -
Return on investment is a performance
measure use to evaluate the efficiency of
profitability of an investment or compare
the efficiency of a number of different
investment.

Return On = Profit Before Int. & Tax &

Dividends*100 Investment Ratio Capital
Employed

For year 2024 = 132,094 *100 =

11,98 % 1,102,848
For year 2023 = 80,492 *100 =
9.68 % 832,787

Interpretation - Higher ROI in 2024 shows

improved utilization of assets to generate
profits, indicating better investment
effectiveness and overall profitability.

Cash - Flow
 Statement
Cash Flow Statement is a
statement that shows the cash flow
i.e, inflow and outflow of cash and
cash equivalents during that
accounting period from operating,
investing and financing activities.

Showing cash flow under there

heads are :- Cash Flow from
operating activities.
Cash Flow From investing activities.
Cash Flow from financing activities.

Operating Activities :-
 Operating activities are the
principal revenue activities of the
enterprise and the other activities that
are not
investing
are
financing activities.

Standalone Statement of Cash Flows

for the year ended March 31, 2024
(All amounts in mI illion, unless otherwise stated)

ParticularsNotes

A. Cash flow from operating 2 2 30,223 1,932

Net loss on sale/discarding of Operating Profit before working (984)
activities: Profit before tax
property, plant and equipment capital changes (658)
No.Page No. 481
Year ended 31.03.2024 (901)
(36,005) (42)
170,404
Year ended 31.03.2023
164,450
28,233 1,866
3
(1,852) (268)
101,591 Net gain on sale of investments in
debt mutual funds 115
Adjustments for: (1,809) (17,279) 209
2 8 110,806
Depreciation and amortisation Adjustments for changes in working
expenses capital:
-
(Increase)/decrease in loans (non-
current)
7
2 7
Finance costs
Fair valuation gain on investment in 3
debt mutual funds -
(Increase)/decrease in other financial
2 assets (non-current)
Interest income
9
2
-
2 (Increase)/decrease in other non-
6 340 current assets
Dividend income 3 339
Unrealised foreign exchange 338
(gain)/loss 338 12
340-341 338 3
338 -
(Increase)/decrease in inventories
10 8 2,33 -
- 327 328 329 328 327 2 (210)
(Increase)/decrease in trade 1 1,64 (1,365) (7,507) (12,569)
receivables (242) (13,099)
- (Increase)/decrease in loans 7 2 8
(current) 327 (30)
- 333-334 336
(Increase)/decrease in other financial
1,735 (8,895) 477
assets (current)
9 5,767
- 28,110 (3,835) 1,212 7,602
(Increase)/decrease in other current 3,839 (3,050) 43
assets 4,038 20,067 (3,077) 1,011 2,559

12
-
Increase/(decrease) in non-current
provisions

17
-
Increase/(decrease) in other non-
current liabilities

19
-
Increase/(decrease) in trade
payables

20
-
Increase/(decrease) in other financial
liabilities (current)

16
-
Increase/(decrease) in current
provisions

17
-
Increase/(decrease) in other current
liabilities

19
328
329
333-334 336
336-337 333
 Income
(35,557)
(22,313)
619,327

Net Cash from operating mutual funds 6 (657,099) (260)

activities Payments for purchase of 6 318-322 322-323
Cash flow from investing debt mutual funds 6.4
activities: Payments for purchase of 11.2 23 318-322 323-326
B. unquoted investments
Payments for purchase of
Proceeds from fixed deposits 323-326 323-326 326
property, plant and
equipment and capital work with bank 329
in progress Interest received 338
Payments for purchase of Dividend received 338
intangible assets and Net Cash from/(used in) 151,670 (67,269) (2,808)
intangible assets under investing activities
development
Proceeds from sale of
property, plant and
4 -
equipment
983
Payments for purchase of
investment in equity shares of5 658
associate/ joint (106,828)
venture/subsidiary company 4 440 92,280 (61,154) (2,307)
Proceeds from sale of debt 6 23 (800)
987 616,054 (664,948) (1,020) 30,000 1,938 (80,182)
- 268

Maruti Suzuki India Limited | Annual Integrated Report 2023-24

Standalone Statement of Cash Flows

for the year ended March 31, 2024
(All amounts in mI illion, unless otherwise stated)

ParticularsNotes
Cash
Year

(11,827)
(133)
(1,472)
(27,187)
(40,619)
4,223
334
4,557

4,557
4,557

43
43
8,339
Movement in short term beginning of the year Cash 26 359-360 339
borrowings (net) and cash equivalents at the 14.4 (444)
332
Principal elements of lease end of the year Cash and (1,854) (18,125)(12,084) 14
payments cash equivalents comprises: 320
Finance cost paid Balance with Banks 334
Payment of dividend on
equity shares
334
Net Cash from/(used in)
financing activities Net Other bank balances: 334
11.1 11.2 329
increase/(decrease) in cash Unclaimed dividend accounts
and cash equivalents Cash 15 43
and cash equivalents at the 35 43
333 329

The accompanying notes are forming part of these standalone financial For Deloitte Haskins & Sells LLP
statements. Chartered Accountants
(Firm's Registration No. 117366W/W-100018)

In terms of our report attached For and on behalf of the Board of Directors

ALKA CHADHA DIN: 07806180 (Corporate Planning) DIN:

Partner 08619076
(Membership Number 93474)
ARNAB ROY
HISASHI TAKEUCHI
KENICHIRO TOYOFUKU Director SANJEEV GROVER
Managing Director and CEO

Place: New Delhi Date: April 26, 2024 Place: New Delhi
Chief Financial OfficerExecutive Officer and Company Secretary ICSI Date: April 26, 2024
Membership No: F3788
 Maruti Suzuki India Limited | Annual Integrated Report 2023-24

Conclusion
From this project, it is concluded that
ratio analysis can provide insight to
companies relative financial health
and future
prospects.
It can yield data about profitability,
liquidity earning extended viabuity,
and more.

The results of such comparison can

mean more powerful decision making
when it comes to selecting companies
in which to invest.
Bibliography
www.slideshare.com
www.pinterest.com
www.moneycontrol.com
www.marutisuzukiindia.com
www.capitalmarket.com
NCERT Book (Accounts)
T.S Grewal (Volume - 3)
www.youtube.com
www.wikipedia.org