DU PONT ANALYSIS:

Net Profi t Margin(in %) Asset Turnover(in %)

15.00% 160.00%
10.8% 134.55%
9.7% 8.7% 140.00% 131.03% 132.47%
10.00%
7.3% 118.91%
6.0% 120.00%
5.00% 98.72%
2.28% 2.36% 100.00%
0.00% 80.00% 96.98% 97.39%
87.10% 80.28%
-5.00% 60.00% 71.98%
-4.24% -5.27% 40.00%
-10.00%
-9.67% 20.00%
-15.00% 0.00%
03-31-2017 03-31-2018 03-31-2019 03-31-2020 03-31-2021 03-31-2017 03-31-2018 03-31-2019 03-31-2020 03-31-2021

Tata Motors Maruti Suzuki Tata Motors Maruti Suzuki

Total Assets To Shareholder’s Funds Return On Equity(in %)

2.50 30.00%
2.33 19.79% 18.13%
20.00% 15.92%
11.25%
10.00% 8.04%
2.00 1.87 7.14%
1.72 1.68 10.44%
0.00%
1.50 1.416 -10.00%
-20.00%
1.401 1.358 1.358
1.00 1.288 -30.00% -17.40% -23.56%
0.97 -40.00%
0.50 -50.00%
-48.08%
-60.00%
0.00 03-31-2017 03-31-2018 03-31-2019 03-31-2020 03-31-2021
03-31-2017 03-31-2018 03-31-2019 03-31-2020 03-31-2021

Tata Motors Maruti Suzuki Tata Motors Maruti Suzuki

Dividend RATIO
Dividend pay-out ratio: It  shows how much of a company's earnings after
tax (EAT) are paid to shareholders
Divident Payout Ratio
  03-31-2017 03-31-2018 03-31-2019 03-31-2020 03-31-2021
Tata Motors 0.00% 0.00% 0.00% 0.00% 0.00%
Maruti Suzuki 34.63% 70.65% 77.70% 103.14% 85.73%

Divident Payout Rati o(in %)

1.2

103.14%
1
85.73%
0.8
77.70%
70.65%
0.6

0.4 34.63%

0.2

0 0 0 0 0
0
03-31-2017 03-31-2018 03-31-2019 03-31-2020 03-31-2021

Tata Motors Maruti Suzuki

ACTIVITY RATIOS
CAPITAL TURNOVER RATIO: It indicates an organization's efficiency in the utilization
of capital employed in the business
Capital Turnover  
Coefficient Of
  03-31-2017 03-31-2018 03-31-2019 03-31-2020 03-31-2021 Variation
Tata Motors 4.57 3.02 4.97 4.10 4.47 17.53%
Maruti Suzuki 1.84 1.88 1.83 1.53 1.34 14.00%

Capital Turnover Ratio

6.00
4.97
5.00 4.57 4.47
4.10
4.00
3.02
3.00

2.00 1.84 1.88 1.83

1.53 1.34
1.00

0.00
03-31-2017 03-31-2018 03-31-2019 03-31-2020 03-31-2021

Tata Motors Maruti Suzuki

Liquidity Ratio: - measure a company's ability to pay debt obligations and its margin of safety through the
calculation of metrics including the current ratio, quick ratio

CU RR EN T R ATI O : - M EA SU RES A CO M PA N Y ’ S A BI LI T Y TO PAY S H O RT-

TE RM O B LI G ATI O N S O R TH O S E D U E W I T H I N O N E Y EA R. I T T EL LS
I N V ES TO RS A N D A N A LY S TS H O W A CO M PA N Y CA N MA X I M I Z E T H E
CU RR EN T A SS E TS O N I T S BA L A N CE S H E ET TO SATI SF Y I T S CU RRE N T
D EB T A N D O T H ER PAYA B LES .
1.15
TATA MOTORS Year Mar-21 Mar-20 Mar-19 Mar-18 Mar-17
1.00
0.93 0.95
0.85 0.87
0.85
1 Liquidity Ratio             0.75
a Current Ratio   0.93 0.85 0.85 0.95 1.00
0.66
0.51

MARUTI SUZUKI Year Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

1 Liquidity Ratio             Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

a Current Ratio   1.15 0.75 0.87 0.51 0.66

Current Ratio-Tata Motors Current Ratio- Maruti

Quick Ratio : - The quick ratio is an indicator of a company’s short-term liquidity position and measures a
company’s ability to meet its short-term obligations with its most liquid assets

Year Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

TATA MOTORS

0.96
Quick Ratio   0.70 0.58 0.58 0.66 0.70

0.70 0.70
0.64 0.66
0.58 0.58
Year Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 0.46
0.42
MARUTI SUZUKI
0.31
0.96 0.46 0.64 0.31 0.42
Quick Ratio  

Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

 Solvency Ratio : - A solvency ratio is a key metric used to measure an enterprise’s ability to meet its
long-term debt obligations it is
Debt/Equity ratio: - It is a measure of the degree to which a company is financing
its operations through debt versus wholly owned funds.

Year Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

TATA MOTORS

Solvency Ratio             0.01 0.01

Debt/Equity Ratio   0.009 0.002 0.003 0.003 0.013

Year Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

MARUTI SUZUKI
0 0 0 0
Mar-21 Mar-20 Mar-19 Mar-18 Mar-17
Solvency Ratio            
0.01 0 0 0 0.01
Debt/Equity Ratio   Debt/Equity Ratio - Tata motors Debt/Equity Ratio- Maruti
 Debt Ratio : - It can be interpreted as the proportion of a company’s assets that are financed by debt. A ratio
greater than 1 shows that a considerable portion of a company's debt is funded by assets, which means the
company has more liabilities than assets

Year Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

0.290 0.280
TATA MOTORS 0.260 0.260
0.220

Debt Ratio   0.007 0.002 0.002 0.002 0.009

Year Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

MARUTI SUZUKI 0.007 0.009
0.002 0.002 0.002
Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

Debt Ratio   0.260 0.220 0.260 0.290 0.280

 Interest Coverage Ratio : - The interest coverage ratio is used to measure how well a firm can pay the
interest due on outstanding debt.

Year Mar-21 Mar-20 Mar-19 Mar-18 Mar-17

TATA MOTORS 178.89

0.99 0.37 4.17 2.78 1.65 141.51

Interst Coverage Ratio  

82.25 80.68
Year Mar-21 Mar-20 Mar-19 Mar-18 Mar-17
MARUTI SUZUKI
40.8
82.25 80.68 178.89 141.51
Interst Coverage Ratio   40.8 0.99 0.37 4.17 2.78 1.65
Mar-21 Mar-20 Mar-19 Mar-18 Mar-17
PROFITABILITY RATIOS
Gross Margin Ratio - Gross profit margin is a metric analysts use to assess a company's financial health by calculating the amount of money
left over from product sales after subtracting the cost of goods sold (COGS).

GROSS MARGIN RATIO

15
GROSS MARGIN RATIO

11.39 11.66

10 9.27

4.99
5
2.66 3.28

0.05
0
2017 2018 2019 2020 2021
-3.21
-4.65
-5

YEARS -9.16
-10

-15
Operating Margin Ratio - It is the ratio of operating profits to revenues for a company or business segment. Expressed as
a percentage, the operating margin shows how much earnings from operations is generated from every $1 in sales after
accounting for the direct costs involved in earning those revenues.

OPERATING MARGIN RATIO

18

16 15.21 15.12

14
12.78
12

10 9.65

8 7.6
7.13

6 5.62

4 3.63
3.17

-0.148
0
2017 2018 2019 2020 2021
-2

TATA MOTORS MARUTI SUZUKI

PRICE EARNING RATIO:
P/E Ratio 2017 2018 2019 2020 2021
Maruti Suzuki 24.19 33.97 26.35 22.82 47.21
Tata Motors 21.23 12.35 -2.05 -2.04 -8.16

PE RATIO
Maruti Suzuki Tata Motors Series3

60
50 47.21
40
33.97
30
24.19 26.35
20 21.23 22.82

10 12.35

0 -2.05 -2.04
2017 2018 2019 2020 2021
-10 -8.16
-20
RETURN ON CAPITAL EMPLOYED (ROCE)
ROI 2017 2018 2019 2020 2021
Maruti Suzuki 18.95 17.23 15.05 10.62 7.65
Tata Motors 3.83 3.62 -17.89 -6.04 -7.02

ROCE
25
20 18.95
17.23
15 15.05
10 10.62
7.65
5 3.83 3.62
0
2017 2018 2019 2020 2021
-5 -6.04 -7.02
-10
-15
-17.89
-20

Maruti Suzuki Tata Motors

ROCE OR ROE?