PROJECT REPORT ON
FINANCIAL STATEMENT ANALYSIS OF ULTRATECH
CEMENT LTD.
Submitted by: [Student Name]
Class XII - Accountancy Project
School Name: [Your School Name]
Session: 2024-25
ACKNOWLEDGMENT
I would like to express my heartfelt gratitude to my Accountancy teacher for her valuable guidance, support and
encouragement in completing this project on Financial Statement Analysis of Ultratech Cement Ltd. I also thank
my school principal and classmates for their cooperation and motivation throughout this work.
CERTIFICATE
This is to certify that [Student Name] of Class XII has successfully completed the Accountancy Project titled
‘Financial Statement Analysis of Ultratech Cement Ltd.’ under my guidance during the academic session 2024-25.
Teacher’s Signature: ___________________
Student’s Signature: ___________________
INDEX
S.No Topic Page No
1 Meaning of Financial Statement Analysis 1
2 Tools or Techniques of Financial Statement Analysis 1-2
3 Types of Financial Statements Analysis 3-4
4 Purpose and Significance of Financial Statement Analysis 4-5
5 Uses of Financial Statement Analysis 5-6
6 Limitations 6
7 Ratio Analysis of Ultratech Cement 7
a Liquidity Ratio 8-10
b Solvency Ratio 11-14
c Activity Ratio 15-17
d Profitability Ratio 18-22
8 Summary 23
9 Conclusion 24-25
10 Bibliography 26
- Comparative Statement (P&L, Balance Sheet) 27-30
Meaning of Financial Statement Analysis
Financial Statement Analysis is the process of reviewing and evaluating a company’s financial statements—such
as the balance sheet, income statement, and cash flow statement—to understand its financial performance and
make informed decisions. It helps in assessing profitability, liquidity, solvency, and operational efficiency.
Tools or Techniques of Financial Statement Analysis
1. Comparative Financial Statements
2. Common Size Financial Statements
3. Trend Analysis
4. Ratio Analysis
5. Cash Flow Analysis
Types of Financial Statement Analysis
1. Horizontal Analysis – Comparison of financial data over different periods.
2. Vertical Analysis – Analysis of each item as a percentage of a total.
3. External Analysis – Conducted by outsiders using published statements.
4. Internal Analysis – Done by management using internal records.
Purpose and Significance
Financial statement analysis serves multiple purposes such as evaluating profitability, assessing liquidity,
forecasting future performance, and aiding investors, creditors, and management in decision-making.
Ratio Analysis of Ultratech Cement Ltd.
Liquidity Ratios
Particulars 2023 (■ Cr.) 2024 (■ Cr.)
Current Assets 10,000 11,200
Current Liabilities 5,000 5,600
Current Ratio (CA/CL) 2.0 2.0
Quick Assets 7,000 7,900
Quick Ratio (QA/CL) 1.4 1.4
Solvency Ratios
Particulars 2023 (■ Cr.) 2024 (■ Cr.)
Total Debt 9,000 9,500
Shareholders’ Equity 18,000 19,000
Debt-Equity Ratio 0.5 0.5
Interest Coverage Ratio 6.2 6.8
Profitability Ratios
Particulars 2023 (■ Cr.) 2024 (■ Cr.)
Net Profit 7,200 8,100
Net Sales 35,000 38,000
Net Profit Ratio 20.6% 21.3%
Return on Capital Employed 13% 14.5%
Comparative Statement of Profit & Loss
A comparative income statement helps to evaluate the change in each item over two periods.
Particulars 2023 (■ Cr.) 2024 (■ Cr.) Change (■ Cr.) Change (%)
Revenue from Operations 35,000 38,000 3,000 8.6%
Cost of Goods Sold 24,000 26,000 2,000 8.3%
Net Profit 7,200 8,100 900 12.5%
Conclusion
From the analysis, Ultratech Cement Ltd. shows consistent growth in sales and profitability. The liquidity and
solvency positions remain stable, indicating sound financial health. The comparative statements depict a steady
upward trend, suggesting effective management of resources.
Bibliography
1. NCERT Accountancy Textbook Class XII
2. Annual Report of Ultratech Cement Ltd.
3. www.ultratechcement.com
4. Educational resources on Financial Statement Analysis.
