Finall

COMPANY PROFILEHERO MOTOCORP LIMITED:-"Hero" is the brand name used by the Munjal brothers for their flagship company, Hero Cycles Ltd. A joint venture between the Hero Group and Honda Motor Company was established in 1984 as the Hero Honda Motors Limited at Dharuhera, India. Hero MotoCorp Ltd. (Formerly Hero Honda Motors Ltd.) is the world's largest manufacturer of two - wheelers, based in India. Its present chairman is.Dr. Brijmohan Lall Munjal In 2001, the company achieved the coveted position of being the largest two-wheeler manufacturing company in India and also, the 'World No.1' two-wheeler company in terms of unit volume sales in a calendar year. Hero MotoCorp Ltd. continues to maintain this position till date. The story of Hero Honda began with a simple vision - the vision of a mobile and an empowered India, powered by its two wheelers. Hero MotoCorp Ltd., company's new identity, reflects its commitment towards providing world class mobility solutions with renewed focus on expanding company's footprint in the global arena. Hero MotoCorps key strategies are to build a robust product portfolio across categories, explore growth opportunities globally, continuously improve its operational efficiency, aggressively expand its reach to customers, continue to invest in brand building activities and ensure customer and shareholder delight.Hero MotoCorp two wheelers are manufactured across 4 globally benchmarked manufacturing facilities. Two of these are based at Gurgaon and Dharuhera which are located in the state of Haryana in northern India. The third and the latest manufacturing plant is based at Haridwar, in the hill state of UttrakhandHero MotoCorps extensive sales and service network now spans over to 6000 customer touch points. These comprise a mix of authorized dealerships, service & spare parts outlets, and dealer-appointed outlets across the country. GODREJ CONSUMER PRODUCTS LTD :-Godrej Consumer Products Limited (GCPL) is an Indian consumer goods company based in Mumbai, India. Godrej Consumer Products Limited is the largest home-grown home and personal care company in India. We are constantly innovating to delight our consumers with more exciting, superior quality products at affordable prices. Ardeshir Godrej, founder of the Godrej Group, learns the first lesson of success: failure. Not one, but two of his businesses go bust. Then, he sets up a lock company and what follows is the stuff of legends. Today, over 600 million people use a Godrej product on a daily basis.We have bold ambitions and are becoming more agile and future ready. We rank number 1 in hair colour, household insecticides and liquid detergents and number 2 in soaps. In India, you grow up with our brands - Good knight, Cinthol, Godrej Expert, Godrej No. 1 - and we are now on our way to becoming an emerging markets FMCG leader.In line with our 3X3 approach to international expansion, we are building a presence in 3 emerging markets (Asia, Africa, Latin America) across 3 categories (home care, personal wash, hair care). We have bold ambitions and are becoming more agile and future ready. We rank number 1 in hair colour, household insecticides and liquid detergents and number 2 in soaps In 2010, we acquired the Indonesia based Megasari group, a leader in household insecticides, air fresheners and baby care. With the acquisition of Rapidol, Kinky and Frika in South Africa, and the Darling Group, a leading pan-Africa hair care company, we have a strong presence in the fast growing African hair care market. We acquired the Issue and Argencos groups in Argentina, leaders in hair colour, in 2010, and expanded our footprint to Chile through the acquisition of a 60 per cent stake in Cosmetica Nacional. The UK based Keyline Brands, which we acquired in 2005, plays in hair and personal care. We also have a business in the Middle East and a strong presence across SAARC countries.The Consumer Products business was part of the erstwhile Godrej Soaps Limited (GSL) and was demerged into Godrej Consumer Products Limited in April 2001, pursuant to a scheme of demerger approved by the Honorable High Court of Judicature, Mumbai, dated 14 March 2001.The Godrej Research & Development Centre is recognised by the Department of Science and Technology, New Delhi. As of 30 November 2013, it employed over 1,349 full-time employees GCPL has a widespread distribution network across India.

HCL TECHNOLOGIES LIMITED:-HCL Technologies Limited is an Indian global IT services company headquartered in Noida, Uttar Pradesh. It offers services including software consulting, enterprise transformation, remote infrastructure management, engineering and R&D services, and business process outsourcing (BPO). At a time when India had a total of just 250 computers, Shiv Nadar, the founder of HCL, led a young team of eight people who passionately believed in the growth of the IT industry. That vision in 1976, born out of a Delhi barsaati, (akin to a garage start-up), resulted three and a half decades later into a global transformational technology enterprise. HCL has offices in 31 countries to provide services across industry verticals, including aerospace & defense, energy & utilities, independent software vendors, manufacturing, professional services, servers & storage, automotive, financial services, industrial manufacturing, media & entertainment, retail & consumer, telecom, consumer electronics, government, life sciences & healthcare, medical devices, semiconductors, and travel, transportation & logistics.HCL Corporation is a global enterprise with annual revenues of over $6.7 billion. HCL Technologies is the first of three companies under HCL Enterprise. HCL has offices in 35 countries across the globe. : HCL runs a multi-layered corporate program "Go Green" to drive its sustainability initiatives. It has green processes across facilities & in the areas of travel, IT and events. The company commits to compliance with ISO 14001 standards. Shiv Nadar is founder,Chairman & CSO and Anant Gupta is President & CEO. It provides IT, business consulting and outsourcing services.

PART- A

FINANCIAL PERFORMANCE

HERO MOTOCORP:- (a) Cash Flow Statement

Mar '14Mar '13Mar '12Mar '11Mar '10

12 mths12 mths12 mths12 mths12 mths

Net Profit Before Tax2867.252529.202864.712404.762831.73

Net Cash From Operating Activities2963.411890.432359.782288.112686.64

Net Cash (used in)/fromInvesting Activities-1619.32-732.9492.79-1322.31-527.63

Net Cash (used in)/from Financing Activities-1414.93-1056.27-2458.16-989.18-2109.31

Net (decrease)/increase In Cash and Cash Equivalents-70.84101.22-5.59-23.3849.70

Opening Cash & Cash Equivalents137.2533.7339.3262.6113.45

Closing Cash & Cash Equivalents66.41134.9533.7339.2363.15

Source:-moneycontrol.comINTERPRETATION:- The cash flow statement shows that the net profit before tax was highest in year 2014. At the same time it was lowest in year 2013 . The net cash from the operating activities is very much fluctuating over the years. It was highest in year 2014 and lowest in year in 2013. The statement shows that net cash from investing activities is negative in two years in 2013 and2014 that means the firm is not enough contribute in investing activities. But it has highest in 2014 which is 1619.32. The net cash used is negative in last five years. Thus, Company contributed large amounts in financing activities. The cash and cash equivalents of the firm decreased in the year 2014,2012 and 2010, which shows the low liquidity position of the firm in these years. The cash and cash equivalents of the firm increased in the year 2013 and 2010 showing the high liquidity position of the firm. The opening cash and cash equivalents are minimum in the year 2010 and maximum in the year 2014. The Closing cash and cash equivalents maximum in the year 2013 and minimum in the year 2012.

(b) FINANCIAL RATIOS

Mar '14Mar '13Mar '12Mar '11Mar '10

Investment Valuation Ratios

Operating Profit Per Share (Rs)177.28166.36182.69130.06137.40

Bonus in Equity Capital59.9859.9859.9859.9859.98

Profitability Ratios

Return On Capital Employed(%)51.4148.5749.8352.1375.07

Liquidity And Solvency Ratios

Current Ratio0.650.670.420.240.58

Debt Equity Ratio--0.060.230.500.02

Management Efficiency Ratios

Inventory Turnover Ratio37.7537.3340.8443.8842.80

Debtors Turnover Ratio31.8850.72117.09162.08122.63

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit61.5956.5637.78108.7598.41

Earning Retention Ratio38.4144.4257.49-15.62-7.67

INTERPRETATION:- (a)Operating profit per share:- The operating profit per share is consecutively fluctuating from 2010 to 2014 ,there is fall in value and also decrease in the value ,but still co. has good operating profit per share. It is highest in 2014.(b)Bonus in equity shares:- The company has the same ratio for bonus in equity shareholder.(c ) Return on capital employed:- The return on capital employed indicates the relationship between profits and capital employed. Higher the ratio, better the company`s return. This ratio was highest in 2010 and lowest in 2013.(d) Current Ratio:- It is generally believed that 2:1 ratio shows a comfortable working capital position. The tendon committee appointed by RBI had wide recommended a current ratio of 2:1.Co. was not able to maintain this ratio in any of year. But it is current position is good.(e)Debt-Equity Ratio:- This ratio indicates the relationship between the outsider funds and shareholders. This ratio was highest in year 2011 and lowest in year 2010.(f)Debtors Turnover Ratio:- Debtor turnover ratio indicates the velocity of debt collection of firm. This ratio was highest in year 2011 and lowest in year 2014.(g)Inventory Turnover Ratio:- Inventory turnover is a measure of thecompany'sability to flip its products for cash. This ratio of company is increasing and decreasing year by year from 2010 to 2014.(h)Dividend Payout Ratio (Net Profit):- This ratio indicate percentage ofearnings paid to shareholders in dividends. This ratio was highest in year 2011 and lowest in year 2013.

(i)Earrings Retention Ratio:- Earrings Retention Ratio indicates the percentage of acompany'searnings that are not paid out in dividends but credited toretained earnings. This ratio was highest in Year 2012 and lowest in year 2010.which is opposite of dividend payout ratio.

PROFIT AND LOSS APPROPRIATION A/C

ParticularsMar '14Mar '13Mar '12Mar '11Mar '10


Operating Profit3,540.063,321.953,648.022,597.072,743.65

PBDIT3,986.443,720.333,995.482,835.343,034.34

Interest11.8211.9133.4328.2011.14

PBDT3,974.623,708.423,962.052,807.143,023.20

Depreciation1,107.371,141.751,097.34402.38191.47

Other Written Off0.000.000.000.000.00

Profit Before Tax2,867.252,566.672,864.712,404.762,831.73

Extra-ordinary items0.000.000.000.000.00

PBT (Post Extra-ord Items)2,867.252,566.672,864.712,404.762,831.73

Tax758.17411.04486.58476.86599.90

Reported Net Profit2,109.082,118.182,378.131,927.902,231.83

Total Value Addition3,406.592,975.432,547.162,560.452,261.40

Preference Dividend0.000.000.000.000.00

Equity Dividend1,299.131,198.13898.592,096.722,196.56

Corporate Dividend Tax220.79203.62145.77340.14371.00

Per share data (annualised)

Shares in issue (lakhs)1,996.881,996.881,996.881,996.881,996.88

Earning Per Share (Rs)105.62106.07119.0996.55111.77

Equity Dividend (%)3,252.703,000.002,250.005,250.005,500.00

Book Value (Rs)280.43250.70214.83148.03173.52

INTERPRETATION:- The operating profit of company is increasing and decreasing from 2010 to 2014, there are fluctuations in profit. The company was showing good amount of reported net profits from year 2010 to 2014 but in year 2014 there is loss in company as compare to 2013. The company was also providing equity dividend from year 2010 to 2014,which is a benefit for equity shareholders . Company had goos figure of EPS from 2010 to 2014 but it is in decreasing form it is more in 2010 and less in 2014.So to invest in securities of company investor has to fully assess its present scenario. GODREJ CONSUMER PRODUCTS:- (a) Cash Flow StatementParticularsMar '14Mar '13Mar '12Mar '11Mar '10




Net Cash (used in)/fromInvesting Activities-553.15-259.18-1006.39-1086.49-228.01

Net Cash (used in)/from Financing Activities-301.40-151.17438.91567.28-199.00

Net (decrease)/increase In Cash and Cash Equivalents-91.00169.63120.16-262.62-159.03



INTERPRETATION:- The cash flow statement shows that the net profit before tax was highest in year 2014. At the same time it was lowest in year 2010 as it shows in increasing profits in increasing from . The net cash from the operating activities is very much fluctuating over the years. It was highest in year 2014 and lowest in year in 2011. The statement shows that net cash from investing activities is negative in five years that means the firm is not enough contribute in investing activities. But it has highest negative in 2011 which is -1086.49. The net cash from financing activities is maximum in the year 2011 and 2012 .At the same time it is negative in rest of years. Thus, Company contributed fewer amounts in financing activities. The cash and cash equivalents of the firm decreased in the year 2010,2011 and 2014, which shows the low liquidity position of the firm in these years. The cash and cash equivalents of the firm increased in the year 2012 and 2014 showing the high liquidity position of the firm. The opening cash and cash equivalents are minimum in the year 2012 and maximum in the year 2010. The Closing cash and cash equivalents maximum in the year 2011 and minimum in the year 2010. (b)FINANCIAL RATIOS

Mar14Mar '13Mar '12Mar '11Mar '10



Bonus in Equity Capital----------




Current Ratio0.731.281.371.321.30



Inventory Turnover Ratio8.276.687.268.207.93




Earning Retention Ratio68.3766.7063.8659.5048.73

INTERPRETATION:- (a)Operating profit per share:- The operating profit per share is consecutively increased from 2010 to 2014 so co. has good operating profit per share.(b)Bonus in equity shares:- The company does not paying any bonus shares to their equity shareholders.(c ) Return on capital employed:- The return on capital employed indicates the relationship between profits and capital employed. Higher the ratio, better the company`s return. This ratio was highest in 2010 and lowest in 2013.(d) Current Ratio:- It is generally believed that 2:1 ratio shows a comfortable working capital position. The tendon committee appointed by RBI had wide recommended a current ratio of 2:1.Co. was not able to maintain this ratio in any of year.(e)Debt-Equity Ratio:- This ratio indicates the relationship between the outsider funds and shareholders. This ratio was highest in year 2010 and lowest in year 2011.(f)Debtors Turnover Ratio:- Debtor turnover ratio indicates the velocity of debt collection of firm. This ratio was highest in year 2010 and lowest in year 2012.(g)Inventory Turnover Ratio:- Inventory turnover is a measure of thecompany'sability to flip its products for cash. This ratio of company is increasing and decreasing year by year from 2010 to 2014 highest in 2014 and lowest in 2013.(h)Dividend Payout Ratio (Net Profit):- This ratio indicate percentage ofearnings paid to shareholders in dividends. This ratio was highest in year 2010 and lowest in year 2012.


PROFIT AND LOSS APPROPRIATION A/C

ParticularsMar '14Mar '13Mar '12Mar '11Mar '10


Operating Profit747.03630.07573.93456.29273.60

PBDIT787.03680.72801.85567.67316.55

Interest38.5215.4916.968.773.66

PBDT748.51665.23784.89558.90312.89

Depreciation35.5232.2725.8321.9813.75


Profit Before Tax712.99632.96759.06536.92299.14


PBT (Post Extra-ord Items)712.99632.96759.06536.92299.14

Tax148.15122.02154.67101.9751.03

Reported Net Profit564.84510.94604.39434.95248.12

Total Value Addition1,382.961,243.87916.52753.26433.04


Equity Dividend178.70170.16156.63163.20125.86





Equity Dividend (%)525.00500.00475.00450.00425.00

Book Value (Rs)88.8581.1374.1747.4026.85

INTERPRETATION:- The operating profit of company is increasing from 2010 to 2014. The company was showing good amount of reported net profits from year 2010 to 2014 so the company is in the growing position. The company was also providing equity dividend from year 2010 to 2014,which is a benefit for equity shareholders . Company had good figure of EPS from 2010 to 2014 which is good for investors point of view.So to invest in securities of company investor has to fully assess its present scenario. (2) HCL TECHNOLOGIES LTD(a) Cash flow statement

Jun '14Jun '13Jun '12Jun '11Jun '10




Net Cash (used in)/fromInvesting Activities-4655.54-2985.48-1342.76-535.03-1399.11

Net Cash (used in)/from Financing Activities-1397.67-1175.37-837.12-882.58583.38

Net (decrease)/increase In Cash and Cash Equivalents84.92-0.48-33.01102.86-79.16



INTERPRETATION:- The cash flow statement shows that the net profit before tax was highest in year 2014. At the same time it was lowest in year 2010 . The net cash from the operating activities is very much fluctuating over the years. It was highest in year 2014 and lowest in year in 2013. The statement shows that net cash from investing activities is negative in five years that means the firm is not enough contribute in investing activities. But it has highest negative in 2014 which is -4655.54 The net cash used from financing activities is maximum in the year 2010 .At the same time it is negative in rest of years. Thus, Company contributed fewer amounts in financing activities. The cash and cash equivalents of the firm decreased in the year 2010,2012 and 2013, which shows the low liquidity position of the firm in these years. The cash and cash equivalents of the firm increased in the year 2011 and 2014 showing the high liquidity position of the firm. The opening cash and cash equivalents are minimum in the year 2011 and maximum in the year 2012. The Closing cash and cash equivalents maximum in the year 2014 and minimum in the year 2013.

(b) FINANCIAL RATIOS

Jun '14Jun '13Jun '12Jun '11Jun '10



Bonus in Equity Capital58.3558.6158.9159.3060.17




Current Ratio2.441.821.381.951.92



Inventory Turnover Ratio1,061.61152.9589.0854.371,131.13




Earning Retention Ratio88.3076.8757.4257.0775.30

INTERPRETATION:- (a)Operating profit per share:- The operating profit per share is consecutively increased from 2010 to 2014 and that too with good figure. (b)Bonus in equity shares:- Bonus in equity shares ratio indicate issuance of bonus shares to equity shareholder. This ratio was highest in 2010 which is 60.17 and it was lowest in 2014 which is 58.35 .(c ) Return on capital employed:- The return on capital employed indicates the relationship between profits and capital employed. Higher the ratio, better the company`s return. This ratio was highest in 2013 and lowest in 2010.(d) Current Ratio:- It is generally believed that 2:1 ratio shows a comfortable working capital position. The tendon committee appointed by RBI had wide recommended a current ratio of 2:1.Co. was not able to maintain this ratio in any of year, but it was highest in 2014 which is 2.44:1 which is good.(e)Debt-Equity Ratio:- This ratio indicates the relationship between the outsider funds and shareholders. This ratio was highest in year 2010.(f)Debtors Turnover Ratio:- Debtor turnover ratio indicates the velocity of debt collection of firm. This ratio was highest in year 2014 and lowest in year 2011.(g)Inventory Turnover Ratio:- Inventory turnover is a measure of thecompany'sability to flip its products for cash. This ratio was highest in year 2010 and lowest in year 2011.(h)Dividend Payout Ratio (Net Profit):- This ratio indicate percentage ofearnings paid to shareholders in dividends. This ratio was highest in year 2011 and lowest in year 2014.


PROFIT AND LOSS APPROPRIATION LOSSParticulars Jun14Jun '13Jun '12Jun '11Jun '10


Operating Profit7,310.894,590.732,510.221,516.371,413.65

PBDIT7,970.015,063.112,811.081,682.641,528.21

Interest81.6576.4697.27101.39101.36

PBDT7,888.364,986.652,713.811,581.251,426.85

Depreciation490.70441.91353.07291.37274.03


Profit Before Tax7,397.664,544.742,360.741,289.881,152.82


PBT (Post Extra-ord Items)7,397.664,544.742,360.741,289.881,156.25

Tax1,413.04840.02410.3291.60100.01

Reported Net Profit5,984.623,704.721,950.421,198.281,056.58

Total Value Addition8,776.367,667.606,190.645,112.803,579.64


Equity Dividend700.27835.36830.58514.49270.20





Equity Dividend (%)500.00600.00600.00375.00200.00

Book Value (Rs)224.94146.8495.2585.0672.69

INTERPRETATION:- The operating profit of company is increasing from 2010 to 2014, so it shows the profitability of the company. The company was showing good amount of reported net profits from year 2010 to 2014 . The company was also providing equity dividend from year 2010 to 2014,which is a benefit for equity shareholders . Company had good figure of EPS from 2010 to 2014 so it indicates the profitability of the company as growing .So to invest in securities of company investor has to fully assess its present scenario.

FUTURE PROSPECTS(NEWS)HERO MOTOCORP LTD Hero MotoCorp to start launching new scooter models from June 2015:- World's leading two-wheeler maker, Hero MotoCorp is beginning its aggressive scooter strategy and will be launching at least two to three new scooter models in India this year, starting from June 2015. Visit ZigWheels for Hero MotoCorp scooter price and specification.Hero MotoCorp, Magneti Marelli JV Opens Centre in ManesarNew Delhi: Two-wheeler maker Hero MotoCorp and its Italian partner Magneti Marelli on Wednesday inaugurated the first autonomous production and development centre of their joint venture at Manesar in Haryana. Hero holds a majority stake of 60 per cent in the joint venture HMC-MM Auto Ltd while Magneti Marelli holds the remaining 40 per cent.Hero Motocorp lines up 35 new launches for next three years(18 march 2015) :-Home-grown two wheeler manufacturer, Hero MotoCorp has lined up 35 new launches over the period of next three years. The new launches includes new Dash scooter and HX250R Motorcycle which were showcased at the 2014 Auto Expo and will be followed by Mastero Edge.GODREJ CONSUMER PRODUCT LTDGodrej Consumer Products Limited makes key leadership changes :- (Mar 12, 2015) BENGALURU: Godrej Consumer Products Limited (GCPL) announced key changes to its senior leadership team, effective April 1, 2015. Sunil Kataria has been elevated to business head India and SAARC. V Srinivasan will join GCPL as CFO and company secretary. GCPL's incumbent CFO P Ganesh, will be moved to Godrej Industries as CFO and company secretary.Global Consumer Products readies south India launch :- Global Consumer Products Pvt. Ltd, the packaged foods start-up founded by former Godrej Group executive A. Mahendran, is close to launching branded chocolates, candies and fruit-based beverages, starting in south India.Godrej Consumer completes acquisition of Frika Hair :- GCPL's Africa business currently has annualised revenues of USD 200 million. The company has been acquiring brands, specially in the African continent, mostly targeting local firms in emerging markets. It acquired 51 percent stake in Darling South Africa in September 2011 and in Darling Mozambique in October 2011.

HCL TECHNOLOGIES LTDHCL Technologies hits new high on fixing record date for bonus issue:- Shares of HCL Technologies were trading higher by 2.5% at Rs 2,095, also its new high on NSE, after the company said it has fixed March 20 as record date for issue of bonus shares.

The company has fixed record date as March 20, 2015 for the purpose of issue of bonus shares on the companys equity shares in the ratio of 1:1 i.e. one additional equity share for every one equity share held, HCL Technologies said in a statement.HCL Technologies hits new high on strategic alliance with Tele2:- Shares of HCL Technologies has moved higher by 2% at Rs 2,075, also its new high on BSE, after the company announced a strategic partnership with Tele2 to address the substantial market opportunities for Machine-to-Machine (M2M) and Internet of Things (IoT) solutions in Europe.Tele2 is one of the leading European telecommunications operators.

PART B

BETA CALCULATIONHERO MOTOCORP LTD SHARE PRICES ON:- 10 MARCH 2015=2617 CNX NIFTY SHARE PRICES ON:-11 MARCH 2015 =2612.70 10 MARCH=8755.9 11 MARCH=8723.55GODREJ CONSUMER PRODUCTS LTD SHARE PRICES ON:- 10 MARCH =1200.45 11 MARCH =1146.70

HCL TECHNOLOGIES SHARE PRICES ON :-10 MARCH= 3437.3011 MARCH=3470.75

1. Market Return ( RM )(Closing index on Day 2 Closing Index on Day 1) /Closing Index on Day 1 *100=(8723.55-8755.9)/87555.9*100(Rm)= -0.3692. Security Return (Ri) for Hero Motocorp(Closing index on Day 2 Closing Index on Day 1) /Closing Index on Day 1 *100=(2612.70-2617)/2617*100(Ri)= -0.1643. Security Return (Ri) for Godrej Consumer Products= (1146.70-1200.45)/1200.45*100(Ri)= -4.474. Security return (Ri) for HCL Technologies= (1029.53-1022.08)/1022.08*100(Ri)=0.728#EXPECTED MARKET RETURN:- It is an average of 5 years RM.10 Mar 2015- 10 Mar 2014 = (8755.9-6511.9)/6511.9*100= 34.45910 Mar 2014- 10 Mar 2013= (6511.9-5942.35)/5942.35*100 =9.58410Mar 2013- 10 Mar 2012= (5942.35-5333.55)/5333.55*100=11.4110Mar 2012- 10 Mar 2011 = (5333.55-5445.45)/5445.45*100= -2.0510 Mar 2011- 10Mar 2010 = (5445.45-5116.25)/5116.25*100=6.434Average of 5 years (Rm) =11.967# EXPECTED SECURITY RETURN FOR HERO MOTOCORP:- It is an average of 5 years Ri.10 Mar 2015- 10 Mar 2014 = (2617-20.15)/20.15*100= 29.8110 Mar 2014- 10 Mar 2013= (20.15-1743.15)/1743.15*100 = 15.6510Mar 2013- 10 Mar 2012= (1743.15-1911.05)/1911.05*100= -9.2610Mar 2012- 10 Mar 2011 = (1911.05-1536.30)/1536.30*100= 24.3910 Mar 2011- 10Mar 2010 = (1536.30-1939.65)/1939.65*100= -20.79Average of 5 years (Ri) = 39.8#EXPECTED SECURITY RETURN FOR GODREJ CONSUMER PRODUCTS:- It is an average of 5 years Ri.10 Mar 2015- 10 Mar 2014 = (1200.45-724.10)/724.10*100= 65.7810 Mar 2014- 10 Mar 2013= (724.10-812.45)/812.45*100 = -10.8710Mar 2013- 10 Mar 2012= (812.45-446.95)/446.95*100= 81.7810Mar 2012- 10 Mar 2011 = (446.95-361.75)/361.75*100= 23.5510 Mar 2011- 10Mar 2010 = (361.75-271.15)/271.15*100= 33.41Average of 5 years (Ri) =38.73

#EXPECTED SECURITY RETURN FOR HCL TECHNOLOGIES :- It is an average of 5 years Ri.10 Mar 2015- 10 Mar 2014 = (1022.08-720.53)/720.53*100= 41.8510 Mar 2014- 10 Mar 2013= (720.53-386.58)/386.58*100 = 86.3810Mar 2013- 10 Mar 2012= (386.58-253.45)/253.45*100= 52.5210Mar 2012- 10 Mar 2011 = (253.45-228.48)/228.48*100= 10.9210 Mar 2011- 10Mar 2010 = (228.48-179.03)/179.03*100= 27.62Average of 5 years (Ri) =43.858

CALCULATION OF BETA1) FOR Hero MotoCorp SECURITIES:-CO-VARIANCE:- Cov [ Security, Market] = [Ri E (Ri )][Rm E (Rm)]=[-0.164-7.96] [-0.369-11.967]= (-8.124)*(-12.336)=100.21VARIANNCE (MARKET):- [Rm- E(Rm)]2 =[-0.369-11.967]2 =152.17Beta = Cov [ Security, Market] / SD2 [Market]BETA for Dr. Hero MotoCorp:-100.21/152.17 = 0.658

2) FOR GODREJ CONSUMER PRODUCTS LTD SECURITIES:-CO-VARIANCE:- Cov [ Security, Market] = [Ri E (Ri )][Rm E (Rm)]=[-4.47-38.73] [0.369-11.967]= (-43.23)* (-12.33)=532.91VARIANNCE (MARKET):- [Rm- E(Rm)]2 =[0.369-11.967]2 =152.17Beta = Cov [ Security, Market] / SD2 [Market]BETA for Godreg consumer products:-532.91/152.17 = 3.502

3) FOR HCL TECHNOLOGIES SECURITIES:-CO-VARIANCE:- Cov [ Security, Market] = [Ri E (Ri )][Rm E (Rm)]=[0.728-43.858] [0.369-11.967]= (-42.856)* (-12.33)= 528.41VARIANNCE (MARKET):- [Rm- E(Rm)]2 =[0.369-11.967]2 =152.17Beta = Cov [ Security, Market] / SD2 [Market]BETA for HCL technologies:- 528.41/152.17 = 3.47

Conclusion for Beta calculation:- Beta() measures the sensitivity of securities return t market changes. The beta of aninvestmentis a measure of the risk arising from exposure to generalmarketmovements. Themarket portfolioof all investableassetshas a beta of exactly 1. A beta below 1 can indicate either an investment with lowervolatilitythan the market. A beta above one generally means that the asset both is volatile and tends to move up and down with the market. Beta is important because it measures the risk of an investment that cannot bediversifiedaway. We have stock of three companies Hero motocorp ltd, godrej consumer products ltd , HCL Technologies ltd whose beta is 0.658, 3.5072, 3.47 respectively. Hero motocorp has lowest beta as compared to other companies, which means it has less risk as compared to others. However, securitites return of these three companies is less volatile than market changes. The security of both companies have highest beta ,which means it is more risky than others.

CONCLUSION:-

REFRENCEShttp://www.zigwheels.com/news-features/news/hero-motocorp-to-start-launching-new-scooter-models-from-june-2015/21374/http://profit.ndtv.com/news/corporates/article-hero-motocorp-magneti-marelli-jv-opens-centre-inanesar-749653http://timesofindia.indiatimes.com/business/india-business/Godrej-Consumer-Products-Limited-makes-key-leadership-changes/articleshow/46543687.cmshttp://www.livemint.com/Companies/3amB02gzTCcqv30x6UAxuO/Global-Consumer-Products-readies-south-India-launch.htmlhttp://www.moneycontrol.com/news/business/godrej-consumer-completes-acquisitionfrika-hair_1318476.htmlhttp://www.business-standard.com/article/markets/hcl-technologies-hits-new-high-on-strategic-alliance-with-tele2-115030500540_1.htmlhttp://www.business-standard.com/article/markets/hcl-technologies-hits-new-high-on-fixing-record-date-for-bonus-issue-115031100106_1.htmlhttp://www.moneycontrol.com/india/stockpricequote/auto-tractors/escorts/Ehttp://www.moneycontrol.com/india/stockpricequote/personal-care/godrejconsumerproducts/GCPhttp://www.moneycontrol.com/india/stockpricequote/computers-software/hcltechnologies/HCL02http://www.bseindia.com/indices/indexarchivedata.aspxhttp://www.heromotocorp.com/en-in/about-us/about-us.htmlhttp://www.godrejcp.com/about-us.aspxhttp://www.godrejcp.com/brands.aspxhttp://www.hcltech.com/about-us/about-hcl-technologies

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Documents

hero group

hero cycles

twowheeler company

story of hero honda

hero honda motors limited

flagship company

godrej group

godrej product