economics term paper presentation

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Financial Analysis of

GMR Infrastructure

Ltd

Presented By:

P. Nithin Kumar (CE11M191)

Abhinav Saxena (CE11M161)

G. Venkatesh (CE11M002)



GMR Group is an Indian business group that is in to Energy and Infrastructure

sectors. It is based in Bangalore, India.

The group has emerged as a big player in the airport development space by

developing the Delhi and Hyderabad airports.

GMR also owns Indian Premier League's (A Twenty20 Cricket league in India)

Delhi franchise, Delhi Daredevils.

Grandhi Mallikarjuna Rao (GMR) is the Chairman and MD of GMR group.

With an estimated personal worth of $6.2 billion dollars, G M Rao stands at #198in Forbes' Billionaire list.

The Company was originally incorporated on May 10, 1996 as a public limited

company called Varalakshmi Vasavi Power Projects Limited in Hyderabad,

Andhra Pradesh.

History:



Evolution as a Conglomerate:



Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

Sources Of Funds

Total Share Capital 389.24 366.74 364.13 364.13 331.08

Equity Share Capital 389.24 366.74 364.13 364.13 331.08

Share Application Money 0 0 0 0 0

Preference Share Capital 0 0 0 0 0

Reserves 6,780.34 5,473.28 5,338.09 5,240.44 1,308.70

Revaluation Reserves 0 0 0 0 0

Networth 7,169.58 5,840.02 5,702.22 5,604.57 1,639.78

Loan Funds

Secured Loans 1,376.07 1,275.00 420.3 469.18 177.17

Unsecured Loans 1,000.00 1,300.00 0 10 20

Total Debt 2,376.07 2,575.00 420.3 479.18 197.17

Current Liabilities 375.75 71.32 17.54 21.26 1.72

Provisions 13.02 10.26 0.84 0.05 0.06

Total CL & Provisions 388.77 81.58 18.38 21.31 1.78

Total Liabilities 9,545.65 8,415.02 6,122.52 6,083.75 1,836.95

Uses of Funds

Application Of Funds

Gross Block 88.43 25.49 1.66 1.71 1.71

Less: Accum. Depreciation 6.6 1.78 0.85 1.03 0.9

Net Block 81.83 23.71 0.81 0.68 0.81

Capital Work in Progress 9.75 8.48 0 0 0

Investments 7,038.02 6,252.50 4,061.87 4,780.31 1,344.03

Net current AssetsInventories 10.57 12.68 0 0 0

Sundry Debtors 116.62 37.35 0 0 0

Cash and Bank Balance 125.99 8.53 146.41 2.37 0.91

Loans and Advances 2,203.46 2,093.35 746.31 1,215.91 174.77

Fixed Deposits 348.19 60 1,185.51 105.78 318.21

Total Current Assets 253.18 58.56 146.41 2.37 0.91

Miscellaneous Expenses 0 0 0 0 0

Total Assets 9,545.66 8,415.02 6,122.53 6,083.74 1,836.95

Contingent Liabilities 9,601.15 8,985.00 7,202.10 3,132.29 834.73

Book Value (Rs) 18.42 15.92 31.32 30.78 49.53

Balance Sheet (Values in Crores)



Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

INCOME

Sales Turnover 680.45 152.32 159.2 102.77 33.39

Excise Duty 0 0 0 0 0

NETSALES 680.45 152.32 159.2 102.77 33.39

Other Income 51.34 24.96 2.14 2.9 -5.07

TOTAL INCOME 731.79 177.28 161.34 105.67 28.32

EXPENDITURE

Manufacturing Expenses 392.05 42.34 0 0 0

Materials Consumed 0 0 0 0 0

Personal Expenses 38.65 16.02 10.12 5.96 0.34

Power & Fuel Cost 0 0 0 0 0

Selling and Admin Expenses 44.02 29.67 21.43 7.22 2.23

Miscellaneous Expenses 4.56 4.08 1.82 1.45 0.2

Expenses Capitalised 0 0 0 0 0Provision Made 0 0 0 0 0

Total Expenses 479.28 92.11 33.37 14.63 2.77

Operating Profit 201.17 60.21 125.83 88.14 30.62

EBITDA 252.51 85.17 127.97 91.04 25.55

Depreciation 4.91 0.94 0.11 0.13 0.2

Other Written Off 0 0 0 0 0

EBIT 247.6 84.23 127.86 90.91 25.35

Interest 182.44 70.9 23.79 25.37 19.96

EBT 65.16 13.33 104.07 65.54 5.39

Tax 8.61 0.19 6.32 2.84 2.39

Profit and loss for the Year 56.55 13.14 97.75 62.7 3

Other non cash adjustments 2.33 0.3 0 0 0

Reported PAT 58.88 13.45 97.75 62.7 3

KEY ITEMS

Preference Dividend 0 0 0 0 0

Equity Dividend 0 0 0 0 0

Equity Dividend (%) 0 0 0 0 0Shares in issue (lakhs) 38924.35 36673.54 18206.58 18206.58 3310.84

Earning Per Share (Rs) 0.15 0.04 0.54 0.34 0.09

Profit and loss



Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07

Profit before

tax65.96 13.64 103.99 65.54 5.27

Net cashflow-

operating

activity

7.71 34.79 -26.15 -56.55 -7.29

Net cash used

in investingactivity

-555.16 -3,371.21 1,246.71 -4,250.19 -822.87

Netcash used

in fin. activity892.61 2,073.04 3.21 4,095.78 1,146.99

Net inc/dec in

cash and

equivlnt

345.16 -1,263.39 1,223.77 -210.97 316.83

Cash and

equivalnt begin

of year

58.48 1,331.92 108.15 319.12 2.29

Cash and

equivalnt end

of year

403.63 68.53 1,331.92 108.15 319.12

Cash Flows:

Rs. in crores



Current Ratio:

Current Ratio (CR)Current Assets

CR =Current Liabilities



Quick Ratio:

Quick Ratio (QR)Current Assets - Inventory

CR =Current Liabilities



Book Value:



Earning Per Share (EPS):

Earning Per Share (EPS)Earning available for common stock holders

EPS =Number of shares of common outstanding



Debt Equity Ratio:



Net Profit Margin (NPM):

Net Profit Margin (NPM)Net Profit after taxes

NPM =Sales



Asset Turnover Ratio:



Comparison with peers:

economics term paper presentation

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