NATIONAL INSTITUTE OF TECHNOLOGY CALICUT
Department of Chemical Engineering
Subject: CH4034D Project Engineering
Assignment – 01
Topic: Analysis of Balance Sheet
Submitted by – Mohd Rehan Ansari, Roll No.: B210228CH
Company: Aarti Industries Ltd.
ISIN: INE769A01020
SECTOR: Speciality Chemicals
This report analyzes the financial performance of Aarti Industries Ltd. based on its Balance Sheet
for the last four financial years (FY 2021-2024). The key financial ratios calculated include:
• Earnings Per Share (EPS)
• Price-to-Earnings (P/E) Ratio
• Return on Equity (ROE)
• Debt-to-Capital Ratio
Balance Sheet of JSW Industries (in Rs. Mar-24 Mar-23 Mar-22 Mar-21
Cr.)
12 mths 12 mths 12 mths 12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 1641.22 1640.54 1639.67 1641.90
Total Share Capital 1641.22 1640.54 1639.67 1641.90
Reserves and Surplus 13,470.83 11,968.87 11,848.04 9,990.01
Total Reserves and Surplus 13,470.83 11,968.87 11,848.04 9,990.01
Total Shareholders Funds 15,112.05 13,609.95 13,487.03 11,632.74
NON-CURRENT LIABILITIES
Long Term Borrowings 4,441.46 3136.36 674.94 1333.08
Deferred Tax Liabilities [Net] 1104.43 967.50 841.95 559.17
Other Long Term Liabilities 19.69 24.67 9.86 7.35
Long Term Provisions 23.81 22.22 29.80 22.26
Total Non-Current Liabilities 5,589.39 4,150.75 1,556.55 1,299.29
CURRENT LIABILITIES
Short Term Borrowings 2,563.52 3,137.26 596.74 199.35
Trade Payables 1,011.36 900.51 883.99 717.68
Other Current Liabilities 324.33 142.64 141.07 861.78
Short Term Provisions 9.23 8.89 6.38 5.87
Total Current Liabilities 3908.44 4189.30 1628.18 1,784.68
Total Capital And Liabilities 24609.88 21949.46 16672.44 13555.44
ASSETS
NON-CURRENT ASSETS
Tangible Assets 3509.64 3706.42 3,954.46 4178.90
Intangible Assets 1.71 2.21 2.20 1.22
Capital Work-In-Progress 17.56 15.53 23.44 33.85
Other Assets 0 0 0 0
Fixed Assets 3531.70 3724.16 3980.10 4,213.97
Non-Current Investments 17,335.47 14,654.68 6,654.04 7674.34
Deferred Tax Assets [Net] 0 0 0 0
Long Term Loans And Advances 80.97 79.85 73.62 102.53
Other Non-Current Assets 1,401.72 1,255.27 1213.37 1179.08
Total Non-Current Assets 22,349.86 19,713.96 11,921.13 13,169.08
CURRENT ASSETS
Current Investments 77.97 75.82 212.60 537.56
Inventories 439.13 781.86 776.09 236.34
Trade Receivables 623.75 644.73 300.51 253.00
Cash And Cash Equivalents 830.52 435.08 203.01 127.33
Short Term Loans And Advances 153.98 118.41 869.99 65.84
Other Current Assets 134.67 179.60 2389.11 326.32
Total Current Assets 2,260.02 2,235.50 4,751.31 1,546.39
Total Assets 24,609.88 21,949.46 16,672.44 14,716.31
OTHER ADDITIONAL INFORMATION
CONTINGENT LIABILITIES,
COMMITMENTS
Contingent Liabilities 4,879.29 4,025.28 3,238.52 1,284.77
CIF VALUE OF IMPORTS
Raw Materials 0 0 0 0
Stores, Spares And Loose Tools 0 0 0 0
Trade/Other Goods 0 0 0 0
Capital Goods 0 0 0 0
EXPENDITURE IN FOREIGN
EXCHANGE
Expenditure In Foreign Currency 2167.14 2224.28 1350.06 669.81
REMITTANCES IN FOREIGN
CURRENCIES FOR DIVIDENDS
Dividend Remittance In Foreign Currency -- -- -- --
EARNINGS IN FOREIGN EXCHANGE
FOB Value Of Goods -- -- -- --
Other Earnings 1.93 -- -- --
BONUS DETAILS
Bonus Equity Share Capital 987.41 987.41 987.41 987.41
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market 5,814.58 4,819.34 5,131.36 3,280.95
Value
Non-Current Investments Unquoted Book 11,598.86 9,911.16 -- 12.62
Value
CURRENT INVESTMENTS
Current Investments Quoted Market Value -- -- -- --
Current Investments Unquoted Book Value 77.97 75.82 212.60 537.56
Source: Dion Global Solutions Limited
FINANCIAL RATIOS:
Ratio Formula Mar 24 Mar 23 Mar 22 Mar Mar
21 20
Current
Current Assets /
Ratio Current
Liabilities
(Current
Quick Assets -
Ratio Inventory) /
Current
Liabilities
Total
Debt-to Liabilities /
EquityRatio Shareholder's
Equity
