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Finance Hackathon
Financial Analysis of Ambuja Cement & J.K. Lakshmi Cement
Vivek Sengar
Dhwani Patel
Bhavya Detroja
Dhruvi Dudhat
Lipi Oza
Sameer Shah
Prince Vadher
OBJECTIVES
• To understand market valuation of companies.
• To identify companies financial position in the market
using past data.
• To compute and analyze past performance of companies
using different techniques of financial statement analysis.
AMBUJA CEMENT
Owner name: Adani Group
Founders: Narotam Sekhsaria, Suresh Kumar
Neotia
Business Start-up : since 1983
Business type: Cement company
Headquarter: Mumbai
Giant Compressive Strength
MISSION
To create value for all:
• Delighted Customers
• Inspired Employees
• Enlightened Partners
• Energised Society
• Loyal Shareholders
• Healthy Environment
To be the most sustainable
and competitive company
in our industry.
VISION
Horizontal analysis
For profit and loss statement:
Mar-23 Mar-22
ABSOLUTE
CHANGE
% CHANGE
Total Revenue 20,937.70 16,532.99 4,404.71 26.64
Total Expenses 17,725.38 14,044.73 3,680.65 26.21
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax 3,212.32 2,488.26 724.06 29.10
Total Tax Expenses 501.56 360.61 140.95 39.09
Profit/Loss For The Period 2,553.49 2,051.09 502.40 24.49
0.00
5,000.00
10,000.00
15,000.00
20,000.00
25,000.00
Jan-22 Jan-23
P&L OF AMBUJA CEMENT
Total Revenue
Total Expenses
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax
Total Tax Expenses
Profit/Loss For The Period
• Increase is seen in all the parameters
which indicates that with increase in the
revenue of a company expense also
increase.
• Overall, it suggest that with increase
revenue company is gaining more profit
which also suggest that operational
performance and tax implication are
getting better.
For balance sheet:
Mar-23 Mar-22 ABSOLUTE CHANGE % CHANGE
Total Shareholders Funds 28,505.54 28,007.51 498.03 1.778201632
Total Capital And Liabilities 35,904.13 34,111.80 1792.33 5.25428151
Total Assets 35,904.13 34,111.80 1792.33 5.25428151
• .
Total Shareholders Funds
Total Capital And Liabilities
Total Assets
BALANCE SHEET OF AMBUJA
CEMENT
% CHANGE ABSOLUTE CHANGE Mar-22 Mar-23
• There is slight increase in the
shareholder’s fund, capital &
liabilities and assets which
results in interpreting that
company’s financial condition
is good.
• Company is earning a profit
which resulted in investing in
assets which ultimately
increase liability
VERTICAL ANALYSIS
For profit and loss statement:
Mar-23 Mar-22 Mar-23 % change Mar-22 % change
Total Revenue 20,937.70 16,532.99 106.0445446 105.1107119
Total Expenses 17,725.38 14,044.73 89.77489649 89.29126359
Profit/Loss Before Exceptional, ExtraOrdinary Items And
Tax
3,212.32 2,488.26 16.26964813 15.81944826
Total Tax Expenses 501.56 360.61 2.54028388 2.29262667
Profit/Loss For The Period 2,553.49 2,051.09 12.93282855 13.04008107
• The company has experienced substantial revenue growth, effectively managing expenses, and
improving profitability.
• The moderate increase in tax expenses indicates a relatively favorable tax scenario.
• Overall, it explain that company is in good condition and making profit.
Total Revenue
Total Expenses
Profit/Loss Before Exceptional, ExtraOrdinary
Items And Tax
Total Tax Expenses
Profit/Loss For The Period
P&L
Mar-22 % change Mar-23 % change Mar-22 Mar-23
For Balance sheet:
Mar-23 Mar-22 Mar-23 % Change Mar-22 % Change
Total Shareholders Funds 28,505.54 28,007.51 79.39348482 82.10504869
Total Non-Current Liabilities 975.12 667.89 2.715899257 1.957944172
Total Current Liabilities 6,423.47 5,436.40 17.89061593 15.93700714
Total Capital And Liabilities 35,904.13 34,111.80 100 100
Total Non-Current Assets 24,657.62 23,235.11 68.67627763 68.11458205
Total Current Assets 11,246.51 10,876.69 31.32372237 31.88541795
Total Assets 35,904.13 34,111.80 100 100
• It gives the idea that company has retained earnings, and is trying to expand along with
new investments.
• Therefore, looking at the data one can say that company is growing at its pace and have
potential to compete in the market.
Total Shareholders Funds
Total Non-Current Liabilities
Total Current Liabilities
Total Capital And Liabilities
Total Non-Current Assets
Total Current Assets
Total Assets
B/S
Mar-22 % Change Mar-23 % Change Mar-22 Mar-23
Trend analysis
Ambuja Cements P&L (Trend Analysis)
Change in %
Mar 23 Dec-22 Dec-21 Dec-20 Dec-19 Dec-18 Mar 23 Dec-22 Dec-21 Dec-20 Dec-19 Dec-18
Revenue From Operations [Gross] 19,744.25 15,729.12 13,793.56 11,174.97 11,352.76 10,977.00 179.8692721 143.2916097 125.658741 101.8034982 103.4231575 100
Other Income 952.27 803.87 285.64 372 426.52 374.98 253.9522108 214.3767668 76.17472932 99.20529095 113.7447331 100
Total Revenue 20,937.70 16,532.99 14,250.59 11,743.86 12,094.40 11,731.74 178.4705423 140.9253018 121.4703872 100.1033095 103.0912721 100
Cost Of Materials Consumed 7,677.48 1,305.55 4,555.26 3,126.79 3,580.84 3,558.92 215.7249952 36.68388163 127.9955717 87.85783328 100.6159172 100
Other Expenses 7,215.57 10,795.47 5,519.48 4,639.42 5,140.64 5,294.71 136.2788519 203.8916201 104.2451806 87.62368477 97.09011447 100
Total Expenses 17,725.38 14,044.73 11,399.65 9,329.48 10,146.38 10,095.72 175.5732132 139.1156847 112.9156712 92.4102491 100.5017968 100
J.K. LAKSHMI CEMENT
• Owner name: Arun Kumar Shukla
• Business Startup: since 1938
• Business type: building material company
• Headquarter: JK Lakshmi Cement Ltd,
Nehru House 4, Bahadur Shah Zafar Marg,
New Delhi
India Ab Soch Karo Buland
MISSION
• To foster inspire capital and deliver best-in-
class customer experience to achieve a
turnover of INR 30,000 crore by 2030.
• To develop innovative solutions with a
compelling value proposition
• To embrace sustainability for our shared
future.
To be the most trusted brand
providing innovative building
solutions, delivering excellence
and unparalleled stakeholder
experience by empowering
human capital and harnessing
the power of technology.
VISION
Horizontal analysis
For profit and loss statement:
P&L OF JK (H) Mar-23 Mar-22
ABSOLUTE
CHANGE
% change
Profit/Loss Before Exceptional, ExtraOrdinary Items
And Tax
481.46 581.69 -100.23 -17.23
Total Tax Expenses 150.69 132.08 18.61 14.09
Profit/Loss For The Period 330.77 426.22 -95.45 -22.39
-200
-100
0
100
200
300
400
500
600
700
Mar-23 Mar-22 ABSOLUTE
CHANGE
% change
P&L
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax
Total Tax Expenses
Profit/Loss For The Period
• Company should try to
decrease their expenses and
also increase their income so
that growth can occur.
For balance sheet:
BS OF JK (H) Mar-23 Mar-22 ABSOLUTE CHANGE % change
Total Capital And Liabilities 5,211.17 4,839.00 372.17 7.691052
Total Assets 5,211.17 4,839.00 372.17 7.691052
By looking at data, it seems that total asset and liabilities are increasing
at same rate. So, company should focus on increasing asset with
decreasing liabilities.
0.00
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
Total Capital And Liabilities Total Assets
B/S
Mar-23 Mar-22 ABSOLUTE CHANGE % change
Vertical analysis
For profit and loss statement:
P&L OF JK (V) Mar-23 Mar-22 ABSOLUTE CHANGE
Total Revenue 6,133.28 5,108.03 101.0473318
Total Expenses 5,651.82 4,526.34 93.11515707
Profit/Loss Before Exceptional, Extraordinary Items And
Tax
481.46 581.69 7.932174684
Total Tax Expenses 150.69 132.08 2.482655679
Profit/Loss For The Period 330.77 426.22 5.449519005
0.00
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
7,000.00
P&L
Mar-23 Mar-22 ABSOLUTE CHANGE
Company needs to focus more on
increasing revenue as profit for the period
is decreasing and also focus on expense.
For balance sheet:
BS OF JK (V) Mar-23 Mar-22
MAR-23 %
CHANGE
MAR-22 %
CHANGE
Total Shareholders Funds 2,723.74 2,452.35 52.26734112 50.67886
Total Non-Current Liabilities 1,137.10 1,239.50 21.82043572 25.6148
Total Current Liabilities 1,350.33 1,147.15 25.91222317 23.70634
Total Capital And Liabilities 5,211.17 4,839.00 100 100
Total Non-Current Assets 3,327.85 3,305.44 63.85993932 68.30833
Total Current Assets 1,883.32 1,533.56 36.14006068 31.69167
Total Assets 5,211.17 4,839.00 100 100
0.00
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
B/S
Mar-23 Mar-22 MAR-23 % CHANGE MAR-22 % CHANGE
Company should try to increase asset as
increase in asset is somewhat same to increase
in liability which can affect companies
growth.
Trend analysis:
TREND OF JK P&L
2023 2022 2021 2020 2019 2018 Change in %
Revenue From Operations [Gross] 6,069.71 5,038.11 4,381.03 4,039.87 3,878.10 3509.74 172.939 143.5465 124.8249 115.1045 110.4954 100
Other Income 62.23 67.25 74.47 50.08 56.26 68.1 91.38032 98.75184 109.3539 73.53891 82.6138 100
Total Revenue 6,133.28 5,108.03 4,459.18 4,093.58 3,938.60 3480.25 176.231 146.7719 128.1282 117.6232 113.17 100
Total Expenses 5,651.82 4,526.34 3,931.67 3,723.89 3,834.17 3377.54 167.3354 134.0129 116.4063 110.2545 113.5196 100
Profit/Loss Before Exceptional, ExtraOrdinary Items And
Tax
481.46 581.69 527.51 369.69 104.43 102.71 468.7567 566.3421 513.5917 359.9357 101.6746 100
Total Tax Expenses 150.69 132.08 132.77 104.23 24.87 18.75 803.68 704.4267 708.1067 555.8933 132.64 100
QUALITATIVE ANALYSIS
FOLLOWING ARE THE REASONS FOR FLUCTUATIONS IN FINANCIALS OF BOTH THE
COMPANIES:
• INTERNAL FACTORS:
 Production and operational costs
 Debt levels of company
 Product mix and pricing
• EXTERNAL FACTORS:
 Economic growth of company
 Government policies
 Competition
QUALITATIVE ANALYSIS
KEY EVENTS:
• Expansion in east India.
• Focus on sustainability.
KEY EVENTS:
• Acquisition by Adani
group.
• Covid-19 pandemic
AMBUJA CEMENTS JK LAKSHMI CEMENTS
Ratio analysis
• Liquidity ratio
 The indicators of liquidity ratio i.e. current ratio and quick ratio.
 Current ratio shows the gradually increase from the year 2022 to 2023 that is 1.2 to 1.67.
 Quick ratio shows increase from year 2022 to 2023 that is 0.98 to 1.39.
• Profitability ratio
 Net profit margin has been increased from year 2022 to 2023 is 7.22 to 7.69.
• Solvency ratio
 Debt equity ratio remains same in both years that is 2022 to 2023 and is 0.00.
 Interest coverage ratio shows increase 2022 to 2023 is 27.53 to 30.07.
Ambuja cement
Ratio analysis
• Liquidity ratio
 The indicators of liquidity ratio i.e. current ratio and quick ratio.
 Current ratio shows the gradually increase from the year 2022 to 2023 that is 1.14 to 1.17.
 Quick ratio shows decrease from year 2022 to 2023 that is 0.8 to 0.66.
• Profitability ratio
 Net profit margin has been detoriated from year 2022 to 2023 is gradually 8.81 to 5.72.
• Solvency ratio
 Debt equity ratio shows decrease 2022 to 2023 is 0.74 to 0.66
 Interest coverage ratio shows decrease 2022 to 2023 is 7.17 to 6.72.
JK Lakshmi cement
Thank You

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"Financial Odyssey: Navigating Past Performance Through Diverse Analytical Lens"

  • 1. Finance Hackathon Financial Analysis of Ambuja Cement & J.K. Lakshmi Cement Vivek Sengar Dhwani Patel Bhavya Detroja Dhruvi Dudhat Lipi Oza Sameer Shah Prince Vadher
  • 2. OBJECTIVES • To understand market valuation of companies. • To identify companies financial position in the market using past data. • To compute and analyze past performance of companies using different techniques of financial statement analysis.
  • 3. AMBUJA CEMENT Owner name: Adani Group Founders: Narotam Sekhsaria, Suresh Kumar Neotia Business Start-up : since 1983 Business type: Cement company Headquarter: Mumbai Giant Compressive Strength
  • 4. MISSION To create value for all: • Delighted Customers • Inspired Employees • Enlightened Partners • Energised Society • Loyal Shareholders • Healthy Environment To be the most sustainable and competitive company in our industry. VISION
  • 5. Horizontal analysis For profit and loss statement: Mar-23 Mar-22 ABSOLUTE CHANGE % CHANGE Total Revenue 20,937.70 16,532.99 4,404.71 26.64 Total Expenses 17,725.38 14,044.73 3,680.65 26.21 Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax 3,212.32 2,488.26 724.06 29.10 Total Tax Expenses 501.56 360.61 140.95 39.09 Profit/Loss For The Period 2,553.49 2,051.09 502.40 24.49
  • 6. 0.00 5,000.00 10,000.00 15,000.00 20,000.00 25,000.00 Jan-22 Jan-23 P&L OF AMBUJA CEMENT Total Revenue Total Expenses Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax Total Tax Expenses Profit/Loss For The Period • Increase is seen in all the parameters which indicates that with increase in the revenue of a company expense also increase. • Overall, it suggest that with increase revenue company is gaining more profit which also suggest that operational performance and tax implication are getting better.
  • 7. For balance sheet: Mar-23 Mar-22 ABSOLUTE CHANGE % CHANGE Total Shareholders Funds 28,505.54 28,007.51 498.03 1.778201632 Total Capital And Liabilities 35,904.13 34,111.80 1792.33 5.25428151 Total Assets 35,904.13 34,111.80 1792.33 5.25428151 • .
  • 8. Total Shareholders Funds Total Capital And Liabilities Total Assets BALANCE SHEET OF AMBUJA CEMENT % CHANGE ABSOLUTE CHANGE Mar-22 Mar-23 • There is slight increase in the shareholder’s fund, capital & liabilities and assets which results in interpreting that company’s financial condition is good. • Company is earning a profit which resulted in investing in assets which ultimately increase liability
  • 9. VERTICAL ANALYSIS For profit and loss statement: Mar-23 Mar-22 Mar-23 % change Mar-22 % change Total Revenue 20,937.70 16,532.99 106.0445446 105.1107119 Total Expenses 17,725.38 14,044.73 89.77489649 89.29126359 Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax 3,212.32 2,488.26 16.26964813 15.81944826 Total Tax Expenses 501.56 360.61 2.54028388 2.29262667 Profit/Loss For The Period 2,553.49 2,051.09 12.93282855 13.04008107 • The company has experienced substantial revenue growth, effectively managing expenses, and improving profitability. • The moderate increase in tax expenses indicates a relatively favorable tax scenario. • Overall, it explain that company is in good condition and making profit.
  • 10. Total Revenue Total Expenses Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax Total Tax Expenses Profit/Loss For The Period P&L Mar-22 % change Mar-23 % change Mar-22 Mar-23
  • 11. For Balance sheet: Mar-23 Mar-22 Mar-23 % Change Mar-22 % Change Total Shareholders Funds 28,505.54 28,007.51 79.39348482 82.10504869 Total Non-Current Liabilities 975.12 667.89 2.715899257 1.957944172 Total Current Liabilities 6,423.47 5,436.40 17.89061593 15.93700714 Total Capital And Liabilities 35,904.13 34,111.80 100 100 Total Non-Current Assets 24,657.62 23,235.11 68.67627763 68.11458205 Total Current Assets 11,246.51 10,876.69 31.32372237 31.88541795 Total Assets 35,904.13 34,111.80 100 100 • It gives the idea that company has retained earnings, and is trying to expand along with new investments. • Therefore, looking at the data one can say that company is growing at its pace and have potential to compete in the market.
  • 12. Total Shareholders Funds Total Non-Current Liabilities Total Current Liabilities Total Capital And Liabilities Total Non-Current Assets Total Current Assets Total Assets B/S Mar-22 % Change Mar-23 % Change Mar-22 Mar-23
  • 13. Trend analysis Ambuja Cements P&L (Trend Analysis) Change in % Mar 23 Dec-22 Dec-21 Dec-20 Dec-19 Dec-18 Mar 23 Dec-22 Dec-21 Dec-20 Dec-19 Dec-18 Revenue From Operations [Gross] 19,744.25 15,729.12 13,793.56 11,174.97 11,352.76 10,977.00 179.8692721 143.2916097 125.658741 101.8034982 103.4231575 100 Other Income 952.27 803.87 285.64 372 426.52 374.98 253.9522108 214.3767668 76.17472932 99.20529095 113.7447331 100 Total Revenue 20,937.70 16,532.99 14,250.59 11,743.86 12,094.40 11,731.74 178.4705423 140.9253018 121.4703872 100.1033095 103.0912721 100 Cost Of Materials Consumed 7,677.48 1,305.55 4,555.26 3,126.79 3,580.84 3,558.92 215.7249952 36.68388163 127.9955717 87.85783328 100.6159172 100 Other Expenses 7,215.57 10,795.47 5,519.48 4,639.42 5,140.64 5,294.71 136.2788519 203.8916201 104.2451806 87.62368477 97.09011447 100 Total Expenses 17,725.38 14,044.73 11,399.65 9,329.48 10,146.38 10,095.72 175.5732132 139.1156847 112.9156712 92.4102491 100.5017968 100
  • 14. J.K. LAKSHMI CEMENT • Owner name: Arun Kumar Shukla • Business Startup: since 1938 • Business type: building material company • Headquarter: JK Lakshmi Cement Ltd, Nehru House 4, Bahadur Shah Zafar Marg, New Delhi India Ab Soch Karo Buland
  • 15. MISSION • To foster inspire capital and deliver best-in- class customer experience to achieve a turnover of INR 30,000 crore by 2030. • To develop innovative solutions with a compelling value proposition • To embrace sustainability for our shared future. To be the most trusted brand providing innovative building solutions, delivering excellence and unparalleled stakeholder experience by empowering human capital and harnessing the power of technology. VISION
  • 16. Horizontal analysis For profit and loss statement: P&L OF JK (H) Mar-23 Mar-22 ABSOLUTE CHANGE % change Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax 481.46 581.69 -100.23 -17.23 Total Tax Expenses 150.69 132.08 18.61 14.09 Profit/Loss For The Period 330.77 426.22 -95.45 -22.39
  • 17. -200 -100 0 100 200 300 400 500 600 700 Mar-23 Mar-22 ABSOLUTE CHANGE % change P&L Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax Total Tax Expenses Profit/Loss For The Period • Company should try to decrease their expenses and also increase their income so that growth can occur.
  • 18. For balance sheet: BS OF JK (H) Mar-23 Mar-22 ABSOLUTE CHANGE % change Total Capital And Liabilities 5,211.17 4,839.00 372.17 7.691052 Total Assets 5,211.17 4,839.00 372.17 7.691052 By looking at data, it seems that total asset and liabilities are increasing at same rate. So, company should focus on increasing asset with decreasing liabilities.
  • 19. 0.00 1,000.00 2,000.00 3,000.00 4,000.00 5,000.00 6,000.00 Total Capital And Liabilities Total Assets B/S Mar-23 Mar-22 ABSOLUTE CHANGE % change
  • 20. Vertical analysis For profit and loss statement: P&L OF JK (V) Mar-23 Mar-22 ABSOLUTE CHANGE Total Revenue 6,133.28 5,108.03 101.0473318 Total Expenses 5,651.82 4,526.34 93.11515707 Profit/Loss Before Exceptional, Extraordinary Items And Tax 481.46 581.69 7.932174684 Total Tax Expenses 150.69 132.08 2.482655679 Profit/Loss For The Period 330.77 426.22 5.449519005
  • 21. 0.00 1,000.00 2,000.00 3,000.00 4,000.00 5,000.00 6,000.00 7,000.00 P&L Mar-23 Mar-22 ABSOLUTE CHANGE Company needs to focus more on increasing revenue as profit for the period is decreasing and also focus on expense.
  • 22. For balance sheet: BS OF JK (V) Mar-23 Mar-22 MAR-23 % CHANGE MAR-22 % CHANGE Total Shareholders Funds 2,723.74 2,452.35 52.26734112 50.67886 Total Non-Current Liabilities 1,137.10 1,239.50 21.82043572 25.6148 Total Current Liabilities 1,350.33 1,147.15 25.91222317 23.70634 Total Capital And Liabilities 5,211.17 4,839.00 100 100 Total Non-Current Assets 3,327.85 3,305.44 63.85993932 68.30833 Total Current Assets 1,883.32 1,533.56 36.14006068 31.69167 Total Assets 5,211.17 4,839.00 100 100
  • 23. 0.00 1,000.00 2,000.00 3,000.00 4,000.00 5,000.00 6,000.00 B/S Mar-23 Mar-22 MAR-23 % CHANGE MAR-22 % CHANGE Company should try to increase asset as increase in asset is somewhat same to increase in liability which can affect companies growth.
  • 24. Trend analysis: TREND OF JK P&L 2023 2022 2021 2020 2019 2018 Change in % Revenue From Operations [Gross] 6,069.71 5,038.11 4,381.03 4,039.87 3,878.10 3509.74 172.939 143.5465 124.8249 115.1045 110.4954 100 Other Income 62.23 67.25 74.47 50.08 56.26 68.1 91.38032 98.75184 109.3539 73.53891 82.6138 100 Total Revenue 6,133.28 5,108.03 4,459.18 4,093.58 3,938.60 3480.25 176.231 146.7719 128.1282 117.6232 113.17 100 Total Expenses 5,651.82 4,526.34 3,931.67 3,723.89 3,834.17 3377.54 167.3354 134.0129 116.4063 110.2545 113.5196 100 Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax 481.46 581.69 527.51 369.69 104.43 102.71 468.7567 566.3421 513.5917 359.9357 101.6746 100 Total Tax Expenses 150.69 132.08 132.77 104.23 24.87 18.75 803.68 704.4267 708.1067 555.8933 132.64 100
  • 25. QUALITATIVE ANALYSIS FOLLOWING ARE THE REASONS FOR FLUCTUATIONS IN FINANCIALS OF BOTH THE COMPANIES: • INTERNAL FACTORS:  Production and operational costs  Debt levels of company  Product mix and pricing • EXTERNAL FACTORS:  Economic growth of company  Government policies  Competition
  • 26. QUALITATIVE ANALYSIS KEY EVENTS: • Expansion in east India. • Focus on sustainability. KEY EVENTS: • Acquisition by Adani group. • Covid-19 pandemic AMBUJA CEMENTS JK LAKSHMI CEMENTS
  • 27. Ratio analysis • Liquidity ratio  The indicators of liquidity ratio i.e. current ratio and quick ratio.  Current ratio shows the gradually increase from the year 2022 to 2023 that is 1.2 to 1.67.  Quick ratio shows increase from year 2022 to 2023 that is 0.98 to 1.39. • Profitability ratio  Net profit margin has been increased from year 2022 to 2023 is 7.22 to 7.69. • Solvency ratio  Debt equity ratio remains same in both years that is 2022 to 2023 and is 0.00.  Interest coverage ratio shows increase 2022 to 2023 is 27.53 to 30.07. Ambuja cement
  • 28. Ratio analysis • Liquidity ratio  The indicators of liquidity ratio i.e. current ratio and quick ratio.  Current ratio shows the gradually increase from the year 2022 to 2023 that is 1.14 to 1.17.  Quick ratio shows decrease from year 2022 to 2023 that is 0.8 to 0.66. • Profitability ratio  Net profit margin has been detoriated from year 2022 to 2023 is gradually 8.81 to 5.72. • Solvency ratio  Debt equity ratio shows decrease 2022 to 2023 is 0.74 to 0.66  Interest coverage ratio shows decrease 2022 to 2023 is 7.17 to 6.72. JK Lakshmi cement
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