Cash Flow Analysis Group Project

7/23/2019 Cash Flow Analysis Group Project

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CASH FLOW STATEMENT

ANALYSIS OF

Submitted by- Group 3, Sectio !, M!A "#$%-$&

Group Member'- Arcc(it M)t(ur SM!A$%#*+

S()'() )poor SM!A$%#.*

/)rieet) Si0( SM!A$%#%"

Sumit A(u1) SM!A$%#&.


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TABLE OF CONTENTS


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O2E2IEW OF THE COM/ANY

About Comp)y4

Tata Teleservices (Maharashtra) Limited (TTML) provides basic and cellulartelecommunication services. As of March 31, 2013, the ompan! held t"o unified

access (basic and cellular) service licenses (#A$L), one for Mumbai $ervice Area

and another for Maharashtra and %oa. The ompan! provides telecommunication

services usin& code division multiple access ('MA) technolo&!&lobal s!stem

for mobile communications (%$M) technolo&!. Tata Teleservices is a ational

*nternet $ervice provider licensee and offers a ran&e of *nternet+related services,

includin& di&ital subscriber lines, leased lines and dial+up *nternet access. As of

March 31, 2012, it offers %$M service in - to"ns and 'MA services in 1,1-1

to"ns in the $tates of Maharashtra and %oa, throu&h its telephone echan&es.

Ye)r o Ye)r per5orm)ce o5 T)t) Te6e'er7ice' 8M)()r)'(tr)9 Limited-

(Tatateleservices.com, 2013)


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FINANCIAL HIGHLIGHTS

Period Ending:Mar 31,

2013Mar 31,

2012Mar 31,

2011Mar 31,

2010

Total Revenue (In Cr) 268555 25!"4" 315!8" 23!#45$ro%% &ro't (In Cr) 144328 14""26 13"!63 112"8"

Oeratn* In+o,e (InCr)

-658"" -51"55 4## -31"##

Net In+o,e (In Cr) -658"" -51"55 4## -318!

.urn* 2!13/ revenue% 0ro, tele+o,,un+aton %erv+e% n+rea%e to R%2/6!816 Crore% (revou% ear R%2/ 4"!25 Crore%) T% revenue *rot a%lar*el rven n+rea%e n revenue 0ro, $S Serv+e% Oter n+o,e

n+rea%e to R%""3# Crore% (revou% ear R%3"22 Crore%)

2!1!-11 2!11-12 2!12-13

-"!!

-6!!

-5!!

-4!!-3!!

-2!!

-1!!

!

1!! 4##

-51"55

-658""

Net Income (INR Crores)

Financial year

Net Income(INR Crores)

Sn+e *er revenue% are o7%et +ontn*ent lalte% an n+rea%entere%t uren/ Co,an 0a+e Net lo%%e% n la%t to +on%e+utve 'nan+alear% (51"55 +rore% n 2!11-12 an 658"" +rore% n 2!12-13)


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/eriod Edi04 M)r 3$, "#$3 M)r 3$, "#$" M)r 3$, "#$$ M)r 3$, "#$#

Total Assets (*n rs) /020.3 /0--.0 -./1 -.-1

Total Liabilities (*n rs) 13.13 233.02 ///.0 0.

Total 4uit! (*n rs) +1-2. +1133.- +/1/.3 20.3/

Earnings e!ore Interest, "e#reciation, $a%ation and &morti'ation(EI"$&*)

!

2!!

4!!

6!!

8!!

1!!!

12!!

14!!

486835#3254!56

11543#

548835!!63

EI$"&(INR Crores)

EBIT.A

+ears

EI$"&(INR Crores)

.urn* 2!12-2!13/ EBI.TA a% R%5!!63 Crore% (revou% ear R%54883Crore%) EBIT.A ,a+te +ontn*ent lalte% an e+rea%e n te2!12-13 'nan+al ear 8"8

&BT er0or,an+e ln9e to *er ntere%t +o%t%


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-2!!

!

2!!

4!!

6!!

8!!

1!!!

28842228#

8!!61

2586

-63"2

Cas Pro-t(INR crores)

Ca% &ro't(INR +rore%)

Financial +ear

Cas Pro-t(INR Crores)


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Idu'try A)6y'i'-

A o7er7ie: o5 Idi) Te6ecom Idu'try-

*ndia is the fastest &ro"in& telecom mar5et net onl! to hina. *t can be

divided in a total of 22 telecom circles "ith ma6or 7rivate pla!ers such as

8odafone, *dea, Aircel, Airtel, 9eliance, and Tata etc. All these companies have a

pan *ndia license for 2% spectrum in -00, 100 M:; band i.e. the! have a #nified

Access $ervices License (#A$L) and hence a substantial customer base, "ith

infrastructure and interoperabilit! aspects catered for. These companies alread!

have 2%, 3% and % spectrum of minimum 1. M:; each.

Idi) Te6ecommuic)tio idu'try, "ith about 12./ million mobile phone

connections (March 2013), is the third lar&est telecommunication net"or5 in the

"orld and the second lar&est in terms of number of "ireless connections.


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Idi) Te6ecom St)t'-

The number of telephone subscribers in *ndia increased to -0-.03 Million at

the end of $eptember 2012 from 10-.0 Million in Au&ust +2012, thereb!

re&isterin& a hi&hl! &ro"th rate. ?ith this, the overall Tele+densit! in *ndia reaches

13.0 "hile broadband subscriber reaches to .21 million. The set tar&et of 00million telephones b! the end of 2010 has been achieved b! $eptember 2012.

T(e m)i 'er7ice pro7ider' i t(e Idi) te6ecommuic)tio 'er7ice )re )'

5o66o:' -

$tate o"ned companies li5e + 8$L, @$L and MTL.

7rivate *ndian companies li5e + 9eliance *nfocomm and Tata Teleservices.


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($ource *@


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)tio A)6y'i'

R&$I. &N&/+I

Ratio &nalysis

+ear2013 2012 2011 &nalysis

OCF:%ale% rato 11131!6

1"32

R% 1113 an R% 1!61 o0 oeratn

ever %ale% o0 R% 1!!

FCF:OCF rato -6#36

-

6!1

2

-

2"2!

#

Te +a% ;o re,ann* e+o,e%

+o,an to u%e 0or e


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Te Sort ter, an Cae< +overa*e rato% 0or te ear 2!1!-11 % !8 an

(!2") + %tate% tat te +a% *enerate 0ro, te oeratn* a+tvte% %

=ute le%% a% +o,are to te Sort ter, et an Catal e


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CASH FLOW STATEMENT "#$#-"#$3


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Partic4lars

201052011Rs inCrores



Cas >o?s !rom o#erating acti@ities

Net Pro-t (/oss) e!ore ta% o? !rom -nancing acti@ities

&ro+ee% 0ro, I%%ue o0 Sare%&ro+ee% 0ro, Lon* ter, orron*% 6"#25 3!62#! 5!414


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(Tatateleservices.com, 2013)

2!12-2!13 2!11-2!12 2!1!-2!11

-1!!!

-8!!

-6!!

-4!!

-2!!

!

2!!

4!!

6!!

8!!

2#8"#3""12

2318

-5!6!5

-68533

-85825

158!3

3"14#

6"815

88"313"#6

"468

Cas Flo? &cti@ities(In Crs)

Ca% Fro, Oeratn* A+tvte%

(In Cr%)

Ca% Fro, Inve%tn* A+tvte%

(In Cr%)

Ca% Fro, Fnan+n* A+tvte%

(In Cr%)

Ca% G Ca% E=uvalent% at

te en o0 te ear (In Cr%)

INFERENCES AN. SH$$ESTIONS

INFERENCE

Oeratn* n+o,e % n+rea%n* over te ear% ut 0a+n* net n+o,e

lo%% ue to * oeratn* e


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Co,an a% ne*atve net ort o0 3/61434 at te en o0 F 2!12

+ ro%e to 4/2"311 at te en o0 F 13 tan9% to lo%% o0 658"" n2!12-2!13

?ea9 er0or,an+e % attrute to n+rea%e +o,etton n te

rele%% teleon nu%tr an a 0all n revenue% 0ro, t% C.A

%erv+e%

No ven% %trute ue to lo%%e%

DDE$I.N

Co,an %oul loo9 0orar 0or a ,er*er t oter tele+o,

+o,ane% to avo 0urter lo%%e%

Tata Tele%erv+e% are alrea n tal9% t Nora-a%e Telenor an

ala%a% a


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+lo%e on t% lo%% ,a9n* C.A %erv+e% an 0o+u% onl on $S

Serv+e%

Tr ne*otatn* 0or loer ntere%t rate t an9% 0or orron*%

.on%e te +o,an oeraton% an %ell o7 a%%et% to *enerate

,one

REFRENCES AN. BIBLO$RA&

Batta+ara/ S 2!13 Tata Tele in big trouble: May sack 1,000

employees to prevent DoCoMo's exit JonlneK Avalale at

tt::'r%to%t+o,:u%ne%%:tata-tele-n-*-troule-,a-

%a+9-1!!!-e,loee%-to-revent-o+o,o%-e


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Inve%tn*+o, 2!13 Tata Teleservices Ma!aras!tra" #t$ Cas!

%lo& TTM# Stock ( )nvesting*com JonlneK Avalale at

tt::nve%tn*+o,:e=ute%:tata-tele%erv+e%-

28,aara%tra2#-+a%-;o JA++e%%e 1" O+t 2!13K

Tatatele%erv+e%+o, 2!13 Tata Teleservices JonlneK Avalale

at tt::tatatele%erv+e%+o, JA++e%%e 1" O+t 2!13K Lot/ R 2!12Analy+e Cas! %lo& T!e asy -ay JonlneK

Avalale at

tt::nve%toea+o,:art+le%:%to+9%:!":ea%+a%;oa%

JA++e%%e 1" O+t 2!13K

ana*e,ent o0 te +o,an 2!13 JonlneK Avalale at

tt::tatatele%erv+e%+o,:onloa:aoutu%:tt,l:TTL-

Annual-Reort-2!12-130 JA++e%%e 1" O+t 2!13K


tt::tatatele%erv+e%+o,:onloa:aoutu%:tt,l:Tata-

Annual-Reort-2!11-120 JA++e%%e 1" O+t 2!13K ana*e,ent o0 te +o,an 2!13 JonlneK Avalale at

tt::tatatele%erv+e%+o,:onloa:aoutu%:tt,l:Annual-

Reort-2!1!-110 JA++e%%e 1" O+t 2!13K


tt::tatatele%erv+e%+o,:onloa:aoutu%:tt,l:TTL-

18t-A$-23-!#-2!130 JA++e%%e 1" O+t 2!13K ana*e,ent o0 te +o,an 2!13 JonlneK Avalale at

tt::tatatele%erv+e%+o,:onloa:aoutu%:tt,l:A$-

.-9alev-Ier-2#-!8-2!120 JA++e%%e 1" O+t 2!13K

Cash Flow Analysis Group Project

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