Premium Essay

Cfra

In: Business and Management

Submitted By shalokyadav
Words 2084
Pages 9
Introduction
Jaiprakash Associates is a diversified infrastructure conglomerate based in Noida, India with business interests in Engineering & Construction, Cement, Power, Expressways, Real Estate, Hospitality, Sports, Education (not-for-profit) Information Technology, Fertilizer & Healthcare. As of March 2013, the group had a net worth of Rs. 13,092 crore.
DLF Ltd is the largest commercial real estate developer in India and is based in New Delhi. DLF's primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals. As of March 2013, the group had a net worth of Rs 27,528 crore.

Objectives

The primary objective of this project is to make the financial comparison of two major companies, i.e., DLF Ltd and Jaiprakash Associates. The analysis of each company’s performance, profit and loss statement, balance sheet and financial statement ratios are prepared for the period 2009 to 2013.

Financial Ratio Analysis

1. Liquidity Ratio

Current Ratio
Except for the year 2010, DLF has maintained its current ratio at around 2.This figure is better in comparison to Jaiprakash Associates which maintained its current ratio close to 1.3. This implies that DLF Ltd. has more current assets to cover its current liabilities.

Average Collection Period
Jaiprakash Associates ability to collect customers’ payments on accounts receivable is stronger than DLF Ltd, with Jaiprakash Associates taking 52 days on average compared to DLF Ltd.’s 55 days. While both companies collection period is longer than the normal business benchmark of 30 days, Jaiprakash Associates was much more successful in collection from its customers and thus reduced the liability for risky accounts receivable. The shorter period for collection also enables Jaiprakash Associates to pay for its inventory and not…...

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