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RATIO ANALYSIS /PROJECTED FCFE –ITSECTOR LEADING CO.BY – JAYESH GOSWAMI / PARAMPREET SINGH ARORA / NIMALHOTRAWMG-24 – 2015-18

   F   i  n  a  n  c   i  a   l   A

  c  c  o  u  n   t   i  n  g –

   T  e  r  m   -

   1

   F   i  n

  a   l  p  r  o   j  e  c   t

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INDEX

!  A"#$%&

! I'()*+&$,# ) R&+.) A$&.

! W R&+.) A$&. . .'()*+&$+

! R3A –

! WIPRO L.'.+#%!

T&+& C)$+.$" S#*.,#! I$)

! P*)6#,+#% FCFE! NP7 FCFE! S+), NP7

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 AGENDA – DISC9SSION ABO9T RATIO ANALYSIS

! R&+.) &$&. . &$ .$&&:# +)) +) & :.$# '&$&"#'#$+ +) %#

+# (#*)*'&$,# ) & :.$# #$+.+ &$% +) +&# ,)+ ,)$+*).$" '#&$% ;#$ $#,#&*3

! R&+.) &$&. (*).%# & ,#&* $%#*+&$%.$" &:)+ (*).+&:..+< .=)#$, &$% #.,.#$, ) :.$# #$+.+3

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WHY RATIO ANALYSIS IS IMPORTANT

! R&+.) &$&. . &$ .'()*+&$+ +)) )* &$&>.$" +# ,)'(&$? .$&$,.Y#&*-)$-Y#&*3

! T# ));.$" &*# +# .'()*+&$+ &%&$+&"# ) +# &,,)$+.$" *&+.)3

!  A$&>.$" F.$&$,.& S+&+#'#$+

! J%".$" E.,.#$,

! L),&+.$" W#&$#

! F)*'&+.$" P&$

! C)'(&*.$" P#*)*'&$,#

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INTROD9CTION - WIPRO LIMITED WIPRO – E+&:.#% .$ 1@45 & W#+#*$ I$%.& 7#"#+&:# P*)%,+ A'&$#*< M&&*&+*&3

E$+#*#% IT #*.,# .$ +# 1@@0 – &')$" +# (.)$##* .$ %##)(.O)*# D##)('#$+ C#$+#* ,)$,#(+

W.(*) L+% NYSEWIT . & "):& .$)*'&+.)$ +#,$))"< ,)$+.$)+)*,.$" ,)'(&$ ;.+ 10

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T&+& C)$+&$, S#*.,# L.'.+#% TCS . &$ I$%.&$ M+.$&+.)$& I$)*'&+.)$ T#,

IT S#*.,#< C)$+.$" &$% :.$# )+.)$ ,)'(&$ #&%=&*+#*#% .$ M':&M&&*&+*& )$%#% .$ 1@83

TCS . )$# ) +# &*"#+ I$%.&$ ,)'(&$.# : '&*#+ ,&(.+&.>&+.)$ 80 :..)$

TCS . $); (&,#% &')$" +# B." 4 ')+ &&:# IT #*.,# :*&$% ;)*%;.%#3

I$ 2015< TCS . *&$#% 4+ )#*& .$ +# F)*:# W)*%? M)+ I$$)&+.# C)'(&$*&$.$"< '&.$" .+ :)+ +# ."#+-*&$#% IT #*.,# ,)'(&$ &$% +# .*+ I$%.&$

I+ . +# ;)*%? 10+ &*"#+ IT #*.,# (*).%#*< '#&*#% : +# *##$#3

INTROD9CTION - TCS

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INTROD9CTION - INFOSYS

  E+&:.#% .$ 1@81< I$) . & NYSE .+#% "):& ,)$+

,)'(&$ ;.+ ')*# +&$ 1@

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PROFITABILITY RATIO ANALYSIS –LAST THREE FINANCIAL YEARS

! Protability in last tyears is almost stab

!  TCS performancemarginally lower tha2!" performance# e$cellent comparednearest competition

! %&' is e$ceptionally (&(.

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LIK9IDITY RATIO ANALYSIS –LAST THREE FINANCIAL YEARS

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SOL7ENCY RATIO ANALYSIS –LAST THREE FINANCIAL YEARS

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FCFE PROJECTION

! Pro)ection growth of TCS is muchlucrati*e.

! +rowth of all IT ,+iants all most s

Free Cash Flow to 'uity FCF'-!  This is a measure of much cash ca

euity shareholder of the company'$penses # rein*estment and debt

! F'CF / 0et income , capital e$penet

1oring capital 3 new debt , deb

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FCFE NP7

! 0P4 FCF' of TCS is much higher tnearest competitors

! +rowth of all IT ,+iants all most s

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STOC- NP7

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THAN YO9

Infosys 5 TCS 1ipro

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