Dabur is one of India's leading fast-moving consumer goods companies. It owns popular brands like Dove, Lifebuoy, and Surf. Dabur builds its brands through consumer insights, innovation, and marketing. It is committed to sustainable development and reducing its environmental impact. The document provides financial information for Dabur, including income statements, balance sheets, and analyses of changes from March 2015 to March 2016. It shows an increase in net sales and profit over this period.

1. ACCOUNTS ASSIGNMENT
INDIVIDUAL TERM
COMPANY: DABUR
NAME : VASU
ROLL.NO:161120
SEC : A

2. COMPANY NAME: DABUR
• DABUR is one of the leading fast-moving consumer goods companies
in India. We own some of the best-known and best-loved brands like
Dove, Lifebuoy, Surf, Kissan, Bru and Pureit. We are passionate about
them and proud of the way they help people get more out of life.
• We build our brands and develop our products through extensive
consumer insight, relentless innovation, and crystal-clear design and
marketing. This is a powerful blend that helps us excite and inspire
our customers and consumers. We are committed to making
sustainable living commonplace and developing new ways of doing
business that will reduce our environmental footprint and increase
our positive social impact

3. PROFIT AND LOSS STATEMENT
PARTICULARS
March 16 March 15
Income :
Operating Income 31,987.17 30,805.62
Expenses
Material Consumed 15,371.85 15,748.56
Manufacturing Expenses 271.41 304.62
Personnel Expenses 1,592.02 1,578.89
Selling Expenses 0.00 0.00
Administrative Expenses 9,021.97 7,965.31
Expenses Capitalized 0.00 0.00
Cost Of Sales 26,257.25 25,597.38
Operating Profit 5,729.92 5,208.24
Other Recurring Income 500.63 618.39
Adjusted PBDIT 6,230.55 5,826.63
Financial Expenses 0.18 16.82
Depreciation 320.75 286.69

4. CONTD….
Other Write offs 0.00 0.00
Adjusted PBT 5,909.62 5,523.12
Tax Charges 1,788.22 1,872.16
Adjusted PAT 4,121.40 3,650.96
Non-Recurring Items -39.03 664.30
Other Non-Cash adjustments 0.00 0.00
Reported Net Profit 4,082.37 4,315.26
Earnings Before Appropriation 5,259.46 5,058.31
Equity Dividend 2,785.00 2,609.42
Preference Dividend 0.00 0.00
Dividend Tax 677.25 635.90
Retained Earnings 1,797.21 1,812.99

5. P&L A/C HORIZONTAL ANALYSIS
Parameters 16-Mar 15-Mar DIFFERENCE AMOUNT PERCENTAGE CHANGE
Gross Sales 34,417.48 32,721.44 1,696.04 5.18
Less :Inter divisional transfers 0.00 0.00 0.00
Less: Sales Returns 0.00 0.00 0.00
Less: Excise 2,430.31 1,915.82 514.49 1.57
Net Sales 31,987.17 30,805.62 1,181.55 3.61
EXPENDITURE: 0.00
Increase/Decrease in Stock 87.11 58.28 28.83 0.09
Raw Materials Consumed 12,854.48 13,133.89 -279.41 -0.85
Power & Fuel Cost 271.41 304.62 -33.21 -0.10
Employee Cost 1,592.02 1,578.89 13.13 0.04
Other Manufacturing Expenses 3,825.80 3,840.32 -14.52 -0.04
General and Administration Expenses 551.27 499.93 51.34 0.16
Selling and Distribution Expenses 5,999.79 5,283.91 715.88 2.19
Miscellaneous Expenses 1,102.66 920.26 182.40 0.56
Expenses Capitalised 0.00 0.00 0.00
Total Expenditure 26,284.54 25,620.10 664.44 2.03
PBIDT (Excl OI) 5,702.63 5,185.52 517.11 1.58
Other Income 527.92 640.33 -112.41 -0.34
Operating Profit 6,230.55 5,825.85 404.70 1.24
Interest 0.18 16.82 -16.64 -0.05
PBDT 6,230.37 5,809.03 421.34 1.29

6. CONTD…
Depreciation 320.75 285.91 34.84 0.11
Profit Before Taxation & Exceptional Items 5,909.62 5,523.12 386.50 1.18
Exceptional Income / Expenses -39.03 664.30 -703.33 -2.15
Profit Before Tax 5,870.59 6,187.42 -316.83 -0.97
Provision for Tax 1,788.22 1,872.16 -83.94 -0.26
PAT 4,082.37 4,315.26 -232.89 -0.71
Extraordinary Items 0.00 0.00 0.00
Adj to Profit After Tax 0 0 0.00
Profit Balance B/F 1,177.09 743.05 434.04 1.33
Appropriations 5,259.46 5,058.31 201.15 0.61
Equity Dividend (%) 1,600.00 1,500.00 100.00 0.31
Earnings Per Share (in ?) 18.87 19.95 -1.08 0.00
Book Value (in ?) 16.83 17.02 -0.19 0.00

7. P&L VERTICAL ANALYSIS
Parameters 16-Mar 15-Mar 2016 2015
Gross Sales 34,417.48 32,721.44 107.5978 106.2191
Less :Inter divisional transfers 0.00 0.00 0 0
Less: Sales Returns 0.00 0.00 0 0
Less: Excise 2,430.31 1,915.82 7.597765 6.21906
Net Sales 31,987.17 30,805.62 100 100
EXPENDITURE: 0 0
Increase/Decrease in Stock 87.11 58.28 0.272328 0.189186
Raw Materials Consumed 12,854.48 13,133.89 40.18636 42.63472
Power & Fuel Cost 271.41 304.62 0.848496 0.988846
Employee Cost 1,592.02 1,578.89 4.977058 5.125331
Other Manufacturing Expenses 3,825.80 3,840.32 11.96042 12.4663
General and Administration Expenses 551.27 499.93 1.72341 1.622853
Selling and Distribution Expenses 5,999.79 5,283.91 18.75686 17.15242
Miscellaneous Expenses 1,102.66 920.26 3.447195 2.987312
Expenses Capitalised 0.00 0.00 0 0
Total Expenditure 26,284.54 25,620.10 82.17213 83.16697
PBIDT (Excl OI) 5,702.63 5,185.52 17.82787 16.83303
Other Income 527.92 640.33 1.650412 2.078614
Operating Profit 6,230.55 5,825.85 19.47828 18.91165
Interest 0.18 16.82 0.000563 0.0546
PBDT 6,230.37 5,809.03 19.47772 18.85705

8. CONTD….
Depreciation 320.75 285.91 1.002746 0.92811
Profit Before Taxation & Exceptional Items 5,909.62 5,523.12 18.47497 17.92894
Exceptional Income / Expenses -39.03 664.30 -0.12202 2.156425
Profit Before Tax 5,870.59 6,187.42 18.35295 20.08536
Provision for Tax 1,788.22 1,872.16 5.590429 6.077333
PAT 4,082.37 4,315.26 12.76252 14.00803
Extraordinary Items 0.00 0.00 0 0
Adj to Profit After Tax 0 0 0 0
Profit Balance B/F 1,177.09 743.05 3.679882 2.41206
Appropriations 5,259.46 5,058.31 16.4424 16.42009
Equity Dividend (%) 1,600.00 1,500.00 5.002005 4.869241
Earnings Per Share (in ?) 18.87 19.95 0.058992 0.064761
Book Value (in ?) 16.83 17.02 0.052615 0.05525

9. BALANCE SHEET
Mar' 16 Mar' 15
SOURCES OF FUNDS
Owners' Fund
Equity Share Capital 216.39 216.35
Share Application Money 0.00 0.00
Preference Share Capital 0.00 0.00
Reserves & Surplus 3,470.23 3,507.76
Loan Funds
Secured Loans 0.00 0.00
Unsecured Loans 0.00 0.00
Total 3,686.62 3,724.11

10. CONTD…
Fixed Assets
Gross Block 5,077.42 4,430.63
Less: Revaluation Reserve 0.67 0.67
Less: Accumulated Depreciation 2,162.69 1,973.10
Net Block 2,914.06 2,456.86
Capital Work-in-progress 385.97 479.01
Investments 2,966.55 3,277.93
Net Current Assets
Current Assets, Loans & Advances 7,899.78 7,419.59
Less : Current Liabilities & Provisions 10,479.74 9,909.28
Total Net Current Assets -2,579.96 -2,489.69
Miscellaneous Expenses not written 0.00 0.00
Total 3,686.62 3,724.11
Note
Book Value of Unquoted Investment 1,728.32 1,510.44
Market Value of Quoted Investment 1,264.19 1,792.05
Contingent liabilities 1,167.45 1,072.71
Number of Equity shares outstanding (in Lacs) 21,639.37 21,634.65

11. BALANCESHEET HORIZONTAL ANALYSIS
Parameters MAR'16 MAR'15 DIFFERENCE AMOUNT PERCENTAGE CHANGE
EQUITY AND LIABILITIES
Share Capital 216.39 216.35 0.04 0.01848856
Share Warrants & Outstandings 0
Shareholder's Funds 3,687.29 3,724.78 -37.49 -17.3284031
Long-Term Borrowings 0 0 0
Secured Loans 0 0 0
Unsecured Loans 0 0 0
Deferred Tax Assets / Liabilities -230.86 -195.96 -34.9 -16.1312688
Other Long Term Liabilities 218.2 170.11 48.09 22.2278715
Long Term Trade Payables 0 0 0
Long Term Provisions 1,124.39 956.35 168.04 77.67044141
Total Non-Current Liabilities 1,111.73 930.5 181.23 83.76704414
Trade Payables 5,497.89 5,288.90 208.99 96.59810492
Current Liabilities 0
Other Current Liabilities 853.79 908.05 -54.26 -25.0797319
Short Term Borrowings 0 0 0
Short Term Provisions 2,785.47 2,585.87 199.60 92.25791541
Total Current Liabilities 9,137.15 8,782.82 354.33 163.7762884
Total Liabilities 13,936.17 13,438.10 498.07 230.2149295

12. CONTD….ASSETS 0
Gross Block 5,378.72 4,721.36 657.36 303.8409984
Less: Accumulated Depreciation 2,463.99 2,263.83 200.16 92.51675526
Less: Impairment of Assets 0 0 0
Net Block 2,914.73 2,457.53 457.20 211.3242431
Lease Adjustment A/c 0 0 0
Capital Work in Progress 385.97 479.01 -93.04 -43.004391
Intangible assets under development 0 0 0
Pre-operative Expenses pending 0 0 0
Assets in transit 0 0 0
Non Current Investments 669.03 654.11 14.92 6.896232956
Long Term Loans & Advances 581.3 583.46 -2.16 -0.99838225
Other Non Current Assets 0.17 0.44 -0.27 -0.12479778
Total Non-Current Assets 4,551.20 4,174.55 376.65 174.092905
Total Reserves 3,426.96 3,465.63 -38.67 -17.8738156
Current Assets Loans & Advances 0
Currents Investments 2,297.52 2,623.82 -326.30 -150.82043
Inventories 2,528.36 2,602.68 -74.32 -34.3517449
Cash and Bank 2,758.82 2,537.56 221.26 102.2694708
Other Current Assets 316.23 251.47 64.76 29.93297897
Short Term Loans and Advances 419.52 465.08 -45.56 -21.0584701
Total Current Assets 9,384.97 9,263.55 121.42 56.1220245
Net Current Assets (Including Current Investments) 247.82 480.73 -232.91 -107.654264
Total Current Assets Excluding Current Investments 7,087.45 6,639.73 447.72 206.9424544
Miscellaneous Expenses not written off 0 0 0
Total Assets 13,936.17 13,438.10 498.07 230.2149295
Contingent Liabilities 1,027.05 910.16 116.89 54.02819505
Total Debt 0 0 0
Book Value (in ?) 16.83 0 16.83 7.779061706
Adjusted Book Value (in ?) 16.83 0 16.83 7.779061706

13. BALANCE SHEET VERTICAL ANALYSIS
Parameters MAR'16 MAR'15 2016 2015
EQUITY AND LIABILITIES
Share Capital 216.39 216.35 1.552722 1.609975
Share Warrants & Outstandings 0 0
Shareholder's Funds 3,687.29 3,724.78 26.45842 27.71806
Long-Term Borrowings 0 0 0 0
Secured Loans 0 0 0 0
Unsecured Loans 0 0 0 0
Deferred Tax Assets / Liabilities -230.86 -195.96 -1.65655 -1.45824
Other Long Term Liabilities 218.2 170.11 1.56571 1.265878
Long Term Trade Payables 0 0 0 0
Long Term Provisions 1,124.39 956.35 8.068142 7.116705
Total Non-Current Liabilities 1,111.73 930.5 7.977299 6.924342
Trade Payables 5,497.89 5,288.90 39.45051 39.3575
Current Liabilities 0 0
Other Current Liabilities 853.79 908.05 6.126432 6.75728
Short Term Borrowings 0 0 0 0
Short Term Provisions 2,785.47 2,585.87 19.98734 19.24282
Total Current Liabilities 9,137.15 8,782.82 65.56428 65.3576
Total Liabilities 13,936.17 13,438.10 100 100

14. CONTD……ASSETS 0 0
Gross Block 5,378.72 4,721.36 38.5954 35.13413
Less: Accumulated Depreciation 2,463.99 2,263.83 17.68054 16.84635
Less: Impairment of Assets 0 0 0 0
Net Block 2,914.73 2,457.53 20.91486 18.28778
Lease Adjustment A/c 0 0 0 0
Capital Work in Progress 385.97 479.01 2.769556 3.564566
Intangible assets under development 0 0 0 0
Pre-operative Expenses pending 0 0 0 0
Assets in transit 0 0 0 0
Non Current Investments 669.03 654.11 4.800673 4.867578
Long Term Loans & Advances 581.3 583.46 4.17116 4.341834
Other Non Current Assets 0.17 0.44 0.00122 0.003274
Total Non-Current Assets 4,551.20 4,174.55 32.65747 31.06503
Total Reserves 3,426.96 3,465.63 24.5904 25.78958
Current Assets Loans & Advances 0 0
Currents Investments 2,297.52 2,623.82 16.48602 19.52523
Inventories 2,528.36 2,602.68 18.14243 19.36792
Cash and Bank 2,758.82 2,537.56 19.79611 18.88332
Other Current Assets 316.23 251.47 2.269131 1.871321
Short Term Loans and Advances 419.52 465.08 3.010296 3.460906
Total Current Assets 9,384.97 9,263.55 67.34253 68.93497
Net Current Assets (Including Current Investments) 247.82 480.73 1.77825 3.577366
Total Current Assets Excluding Current Investments 7,087.45 6,639.73 50.85651 49.40974
Miscellaneous Expenses not written off 0 0 0 0
Total Assets 13,936.17 13,438.10 100 100
Contingent Liabilities 1,027.05 910.16 7.369672 6.772981
Total Debt 0 0 0 0
Book Value (in ?) 16.83 0 0.120765 0
Adjusted Book Value (in ?) 16.83 0 0.120765 0

15. CASHFLOW STATEMENT
Parameters 16-Mar 15-Mar 14-Mar
Net Profit Before Taxes 5,909.62 5,523.12
4,799.71
Adjustments for Expenses & Provisions -138.47 -258.2 -268.39
Adjustments for Liabilities & Assets -101.6 -215.57 476.55
Cash Flow from operating activities 3,965.21 3,271.90 3,724.15
Cash Flow from investing activities -43.65 279.9 -513.16
Cash Flow from financing activities -4,008.98 -3,450.44 -2,916.79
Effect of exchange fluctuation on translation reserve 0 0 0
Net increase/(decrease) in cash and cash equivalents -87.42 101.36 294.2
Opening Cash & Cash Equivalents 721.97 620.61 326.41
Cash & Cash Equivalent on Amalgamation / Take over / Merger 0 0 0
Cash & Cash Equivalent of Subsidiaries under liquidations 0 0 0
Translation adjustment on reserves / op cash balalces frgn subsidiaries 0 0 0
Effect of Foreign Exchange Fluctuations 0 0 0
Closing Cash & Cash Equivalent 634.55 721.97 620.61

16. Ratios For DABURMar' 16 Mar' 15 Mar' 14
PER SHARE RATIOS
Adjusted E P S (Rs.) 19.05 16.88 16.83
Adjusted Cash EPS (Rs.) 20.53 18.20 18.03
Reported EPS (Rs.) 18.87 19.95 17.88
Reported Cash EPS (Rs.) 20.35 21.27 19.09
Dividend Per Share 16.00 15.00 13.00
Operating Profit Per Share (Rs.) 26.48 24.07 20.69
Book Value (Excl Rev Res) Per Share (Rs.) 17.04 17.21 15.15
Book Value (Incl Rev Res) Per Share (Rs.) 17.04 17.22 15.15
Net Operating Income Per Share (Rs.) 147.82 142.39 129.56
Free Reserves Per Share (Rs.) 0.00 0.00 0.00
PROFITABILITY RATIOS
Operating Margin (%) 17.91 16.90 15.97
Gross Profit Margin (%) 16.91 15.97 15.04
Net Profit Margin (%) 12.76 14.00 13.80
Adjusted Cash Margin (%) 13.67 12.53 13.61
Adjusted Return On Net Worth (%) 111.79 98.03 111.06
Reported Return On Net Worth (%) 110.73 115.87 118.04
Return On long Term Funds (%) 160.30 148.75 147.59

17. LIQUIDITY RATIOS
Current Ratio 0.75 0.74 0.73
Current Ratio (Inc. ST Loans) 0.75 0.74 0.73
Quick Ratio 0.49 0.46 0.43
Inventory Turnover Ratio 13.61 12.57 10.76
PAYOUT RATIOS
Dividend payout Ratio (Net Profit) 84.80 75.20 72.69
Dividend payout Ratio (Cash Profit) 78.63 70.52 68.10
Earning Retention Ratio 16.00 11.12 22.74
Cash Earnings Retention Ratio 22.06 17.59 27.91

18. INTERPRETATIONs:
• INTERPRETATION OF P&L A/C HORIZONTAL ANALYSIS:
• The gross sales from 2016 to 2015 has been decreased by 1,696 which in other terms is
increased by 5.18%,In which excise is lessed,it gives the net sales. Then coming to
expenditure there is a decrease in 0.09% change. All the expenses come under the total
expenditures,in which the depreciation is lessend by 0.11.
• Equity dividend is less by 0.31% and finally the earning per share were calculated which
is increased. There by we can interpret the financial position of the p&l a/c of DABUR
•
•
• INTERPRETATION OF P&L A/C VERTICAL ANALYSIS:
• The gross sales from 2016 to 2015 has been decreased by which excise and etc were
lessend and finally we get the net sales.then coming to expenditure there is a decrease
of 0.27 to .18 respectively. All the expenses come under the total expenditures, in which
the depreciation is been frim 1.00 to 0.92 and all the profit before tax was decreased but
provision for tax was increased simultaneously.equity dividend is lessed and the earnings
per share are been increased from 0.05 to 0.06 respectively. There by we can interpret
the financial position of the company ,here finally the profit balance from the year 2016
to 2015 was decreased from 3.61 to 2.41
•

19. • INTERPRETATION OF BALANCESHEET’S HORIZONTAL ANALYSIS:
• 1. EQUITY SHARES:
• The Company has one class of equity shares having a par value of Re. 1 per share. Each shareholder is
eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In
the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company
after distribution of all preferential amounts, in proportion to their shareholding
• Starting from the share capital it doent have that much difference from 2016 to 2015 years.longterm
borrowings,secured and unsecured loans are here nil. Deferred tax or the liabilities are in an negative value
approach respectively which shows other current liabilities and finally all these are calculated under the
name if the total current liabilities, same will be going to the assets also. The other current assets are also
called as the total assets.al the inventories are decreased by -74% to -34% from 2016 to 2015.
• The other current assets and the short term loans and advances from 64% to 29% and -45% to -29% and
finally total under total assets. Book value and the adjusted book value both are same with decrease from
16% to 7% from 2016-15. The total liabilities are decreased and the current assests are used when required,
there by we can interpret that the financial position of the company is good.
•
• INTERPRETATION OF BALANCESHEET VERTICAL ANALYSIS:
• The total liabilities of DABUR company ltd. Has been decreased from 13,936.17 to 13,438.10 from 2016 to
2015 years. Then the deffered tax,other longterm liabilities ,share capital. Sharecapital funds,etc all come
under this increasing/decreasing trend of the financial status of the company. Coming to the assets , work-
in-progress,longterm loans and advances,contingent liabilities etc all come under the total assets of the
years 2016-15 and the financial position. When at the time of more current liabilities, the current assets can
be also treated to overcome those current liabilities of that particular financial year of the DABUR

20. • INTERPRETATION OF CASHFLOW STATEMENT:
• The net profit before tax was been slowly decreasing from 2014 to
2015 year respectively. The cash flow from operating expenses
increased from 2015 to 2016 year . from -513 to -42 the investing
activities gradually are decreased from 2016 to 2014 year
respectively. Coming to financial activities, the outflow is more than
the inflow from 2016 to 14 years. The cash and cash equivalents are
been decreased from 2014 -16 year -87.42 . opening cash was
decreased from 2014 to 15 but from 15 to 16 it also is decreased but
not too much compared with the previous years. In 2014, the closing
cash and the closing equivalent was 620.61 and was increased to
721.97 and again then it was decreased from 2015 to 16 to 634.55
•

21. • INTERPRETATION FOR THE RATIOS OF DABUR :
• Per share values of the given shares were calculated to know about the financial position of the company i.e,
ratio analysis of this current present year with that of the previous years. Earnings per each are been
calculated individually. They were adjusted and reported again including the reported cash balance.
• Dividend per share is the income of equity share holders which is divided by the equity share holders .in
2014, it is 13 then in 2015 it is 15 and in 2016 it is 16 the dividend per a share,which is gradually increased .
• Operating profit per share was also calculated by which we can see the increasing profit of operating
respectively.net operating income from the share is also increased from 2016-14.
• Next coming to profitability ratios,
• All the margins %s were been calculated including operating margin, gross profit margin,net profit margin
,adjusted cash margin ,finally the return on net worth is calculated and the return on longterm funds are
calculated.
• In the leverage ratio, the fixed assets turn over ratio is decreased gradually from 2016-14 years 9.42 to 8.63
Companies rely on a mixture of owners' equity and debt to finance their operations. A leverage ratio is any
one of several financial measurements that look at how much capital comes in the form of debt (loans), or
assesses the ability of a company to meet financial obligations.fixed assets turn over ratio is much more
favourable .
• LIQUIDITY RATIO the ratio between the liquid assets and the liabilities of a bank or other institution.
Inventory turnover ratio is increased by 13 respectively.
• PAYOUT RATIOSDividend payout ratio is calculated by the cash profit and the net profit which is increased in
the years 2016-14