COMPANY PROFILE

HERO 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 '14

Mar '13

Mar '12

Mar '11

12 mths

12 mths

12 mths

12 mths

12 mths

Net Profit Before Tax

2867.25

2529.20

2864.71

2404.76

2831.73

Net Cash From Operating Activities

Net Cash (used in)/from
Investing Activities
Net Cash (used in)/from Financing Activities

2963.41

1890.43

2359.78

2288.11

2686.64

-1619.32

-732.94

92.79

-1322.31

-527.63

-1414.93

-1056.27

-2458.16

-989.18

-2109.31

Net (decrease)/increase In Cash and Cash Equivalents

-70.84

101.22

-5.59

-23.38

49.70

Opening Cash & Cash Equivalents

137.25

33.73

39.32

62.61

13.45

66.41

134.95

33.73

39.23

63.15

Closing Cash & Cash Equivalents

Source:-moneycontrol.com

Mar '10

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 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 '14

Mar '13

Mar '12

Mar '11

Mar '10

177.28

166.36

182.69

130.06

137.40

59.98

59.98

59.98

59.98

59.98

51.41

48.57

49.83

52.13

75.07

0.65

0.67

0.42

0.24

0.58

--

0.06

0.23

0.50

0.02

Inventory Turnover Ratio

37.75

37.33

40.84

43.88

42.80

Debtors Turnover Ratio

31.88

50.72

117.09

162.08

122.63

Dividend Payout Ratio Net Profit

61.59

56.56

37.78

108.75

98.41

Earning Retention Ratio

38.41

44.42

57.49

-15.62

-7.67

Investment Valuation Ratios

Operating Profit Per Share (Rs)
Bonus in Equity Capital
Profitability Ratios
Return On Capital Employed(%)
Liquidity And Solvency Ratios
Current Ratio
Debt Equity Ratio
Management Efficiency Ratios

Cash Flow Indicator Ratios

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 the company's ability 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 of earnings 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

a company's earnings that are not paid out in dividends but credited to retained 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

Particulars

Mar '14

Mar '13
12
mths

Operating Profit
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Extra-ordinary items
PBT (Post Extra-ord Items)
Tax
Reported Net Profit
Total Value Addition
Preference Dividend
Equity Dividend
Corporate Dividend Tax

3,540.
06
3,986.
44
11.82
3,974.
62
1,107.
37
0.00
2,867.
25
0.00
2,867.
25
758.17
2,109.
08
3,406.
59
0.00
1,299.
13
220.79

Mar '12

Mar '11

Mar '10

12 mths

12 mths

12 mths

12 mths

3,321.95

3,648.02

2,597.07

2,743.65

3,720.33

3,995.48

2,835.34

3,034.34

11.91

33.43

28.20

11.14

3,708.42

3,962.05

2,807.14

3,023.20

1,141.75

1,097.34

402.38

191.47

0.00

0.00

0.00

0.00

2,566.67

2,864.71

2,404.76

2,831.73

0.00

0.00

0.00

0.00

2,566.67

2,864.71

2,404.76

2,831.73

411.04

486.58

476.86

599.90

2,118.18

2,378.13

1,927.90

2,231.83

2,975.43

2,547.16

2,560.45

2,261.40

0.00

0.00

0.00

0.00

1,198.13

898.59

2,096.72

2,196.56

203.62

145.77

340.14

371.00

1,996.88

1,996.88

1,996.88

1,996.88

106.07

119.09

96.55

111.77

3,000.00

2,250.00

5,250.00

5,500.00

250.70

214.83

148.03

173.52

Per share data (annualised)

Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)

1,996.
88
105.62
3,252.
70
280.43

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 Statement

Particulars

Mar '14

Mar '13

Mar '12

Mar '11

Mar

12 mths

12 mths

12 mths

12 mths

12 m

Net Profit Before Tax

712.99

632.96

578.11

504.64

299

Net Cash From Operating Activities

Net Cash (used in)/from
Investing Activities
Net Cash (used in)/from Financing Activities

763.01

579.98

687.64

256.59

267

-553.15

-259.18

-1006.39

-1086.49

-228

-301.40

-151.17

438.91

567.28

-199

Net (decrease)/increase In Cash and Cash Equivalents

-91.00

169.63

120.16

-262.62

-159

Opening Cash & Cash Equivalents

241.60

191.97

71.81

343.25

344

Closing Cash & Cash Equivalents

150.60

361.60

191.97

80.63

185

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

Mar14
Investment Valuation Ratios

Mar '13

Mar '12

Mar '11

Mar '10

Operating Profit Per Share (Rs)

21.95

18.51

16.87

14.10

8.88

--

--

--

--

--

24.84

21.45

21.90

28.43

35.73

0.73

1.28

1.37

1.32

1.30

--

0.09

0.09

0.18

0.01

8.27

6.68

7.26

8.20

7.93

31.22

33.10

30.12

35.10

59.25

Dividend Payout Ratio Net Profit

31.63

33.30

25.91

37.52

50.72

Earning Retention Ratio

68.37

66.70

63.86

59.50

48.73

Bonus in Equity Capital

Profitability Ratios
Return On Capital Employed(%)
Liquidity And Solvency Ratios
Current Ratio
Debt Equity Ratio
Management Efficiency Ratios
Inventory Turnover Ratio
Debtors Turnover Ratio

Cash Flow Indicator Ratios

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 the company's ability 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 of earnings paid to
shareholders in dividends. This ratio was highest in year 2010 and lowest in year 2012.
(i)Earrings Retention Ratio:- Earrings Retention Ratio indicates the percentage of
a company's earnings that are not paid out in dividends but credited to retained earnings. This
ratio was highest in Year 2014 and lowest in year 2010.which is opposite of dividend payout
ratio.
PROFIT AND LOSS APPROPRIATION A/C
Particular
s

Mar '14

Mar '13

Mar '12

Mar '11

Mar '10

12
mths

12 mths

12 mths

12 mths

12 mths

Operating Profit

747.03

630.07

573.93

456.29

273.60

PBDIT

787.03

680.72

801.85

567.67

316.55

Interest

38.52

15.49

16.96

8.77

3.66

748.51

665.23

784.89

558.90

312.89

35.52

32.27

25.83

21.98

13.75

Other Written Off

0.00

0.00

0.00

0.00

0.00

Profit Before Tax

712.99

632.96

759.06

536.92

299.14

0.00

0.00

0.00

0.00

0.00

PBT (Post Extra-ord Items)

712.99

632.96

759.06

536.92

299.14

Tax

148.15

122.02

154.67

101.97

51.03

Reported Net Profit

510.94

604.39

434.95

248.12

1,243.87

916.52

753.26

433.04

Preference Dividend

564.84
1,382.
96
0.00

0.00

0.00

0.00

0.00

Equity Dividend

178.70

170.16

156.63

163.20

125.86

30.37

28.13

25.41

33.39

21.39

3,403.27

3,402.97

3,235.90

3,081.90

15.01

17.76

13.44

8.05

PBDT
Depreciation

Extra-ordinary items

Total Value Addition

Corporate Dividend Tax

Per share data (annualised)

Earning Per Share (Rs)

3,403.
78
16.59

Equity Dividend (%)

525.00

500.00

475.00

450.00

425.00

88.85

81.13

74.17

47.40

26.85

Shares in issue (lakhs)

Book Value (Rs)

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 '14

Jun '13

Jun '12

Jun '11

12 mths

12 mths

12 mths

12 mths

12 mths

Net Profit Before Tax

7397.66

4451.20

2360.74

1289.88

1152.82

Net Cash From Operating Activities

Net Cash (used in)/from
Investing Activities
Net Cash (used in)/from Financing Activities

6147.22

4170.15

2160.10

1519.39

739.26

-4655.54

-2985.48

-1342.76

-535.03

-1399.11

-1397.67

-1175.37

-837.12

-882.58

583.38

84.92

-0.48

-33.01

102.86

-79.16

Opening Cash & Cash Equivalents

155.81

156.29

167.70

64.84

144.00

Closing Cash & Cash Equivalents

240.73

155.81

134.69

167.70

64.84

Net (decrease)/increase In Cash and Cash Equivalents

Jun '10

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 '14

Jun '13

Jun '12

Jun '11

Jun '10

104.44

65.88

36.21

22.02

20.83

58.35

58.61

58.91

59.30

60.17

47.30

41.71

33.64

20.74

20.44

2.44

1.82

1.38

1.95

1.92

--

0.06

0.11

0.14

0.28

1,061.61

152.95

89.08

54.37

1,131.13

5.56

5.32

4.88

3.63

2.84

Dividend Payout Ratio Net Profit

11.70

22.54

42.58

42.93

25.57

Earning Retention Ratio

88.30

76.87

57.42

57.07

75.30

Investment Valuation Ratios

Operating Profit Per Share (Rs)
Bonus in Equity Capital
Profitability Ratios
Return On Capital Employed(%)
Liquidity And Solvency Ratios
Current Ratio
Debt Equity Ratio
Management Efficiency Ratios
Inventory Turnover Ratio
Debtors Turnover Ratio
Cash Flow Indicator Ratios

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 the company's ability 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 of earnings paid to
shareholders in dividends. This ratio was highest in year 2011 and lowest in year 2014.
(i)Earrings Retention Ratio:- Earrings Retention Ratio indicates the percentage of
a company's earnings that are not paid out in dividends but credited to retained earnings. This
ratio was highest in Year 2014 and lowest in year 2011.which is opposite of dividend payout
ratio.

PROFIT AND LOSS APPROPRIATION LOSS

Particulars

Jun14
12
mths

Operating Profit
PBDIT
Interest
PBDT
Depreciation
Other Written Off

7,310.
89
7,970.
01
81.65
7,888.
36
490.70

Jun '13

Jun '12

Jun '11

Jun '10

12 mths

12 mths

12 mths

12 mths

4,590.73

2,510.22

1,516.37

1,413.65

5,063.11

2,811.08

1,682.64

1,528.21

76.46

97.27

101.39

101.36

4,986.65

2,713.81

1,581.25

1,426.85

441.91

353.07

291.37

274.03

0.00

0.00

0.00

0.00

4,544.74

2,360.74

1,289.88

1,152.82

0.00

0.00

0.00

3.43

4,544.74

2,360.74

1,289.88

1,156.25

840.02

410.32

91.60

100.01

3,704.72

1,950.42

1,198.28

1,056.58

7,667.60

6,190.64

5,112.80

3,579.64

0.00

0.00

0.00

0.00

Preference Dividend

0.00
7,397.
66
0.00
7,397.
66
1,413.
04
5,984.
62
8,776.
36
0.00

Equity Dividend

700.27

835.36

830.58

514.49

270.20

Corporate Dividend Tax

113.39

139.82

134.74

84.39

45.40

6,968.70

6,932.83

6,886.89

6,787.84

53.16

28.13

17.40

15.57

Profit Before Tax

Extra-ordinary items
PBT (Post Extra-ord Items)
Tax
Reported Net Profit
Total Value Addition

Per share data (annualised)

Earning Per Share (Rs)

6,999.
76
85.50

Equity Dividend (%)

500.00

600.00

600.00

375.00

200.00

Book Value (Rs)

224.94

146.84

95.25

85.06

72.69

Shares in issue (lakhs)

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 LTD
Godrej 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 LTD

HCL 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 CALCULATION
HERO MOTOCORP LTD SHARE PRICES ON:10 MARCH 2015=2617
11 MARCH 2015 =2612.70

CNX NIFTY SHARE PRICES ON:10 MARCH=8755.9

11 MARCH=8723.55

GODREJ CONSUMER PRODUCTS LTD SHARE PRICES ON:10 MARCH =1200.45

11 MARCH =1146.70

HCL TECHNOLOGIES SHARE PRICES ON :10 MARCH= 3437.30

11 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)= -0.369
2. 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)= -0.164
3. Security Return (Ri) for Godrej Consumer Products
= (1146.70-1200.45)/1200.45*100
(Ri)= -4.47
4. 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= 34.459
10 Mar 2014- 10 Mar 2013= (6511.9-5942.35)/5942.35*100 =9.584

10Mar 2013- 10 Mar 2012= (5942.35-5333.55)/5333.55*100=11.41

10Mar 2012- 10 Mar 2011 = (5333.55-5445.45)/5445.45*100= -2.05
10 Mar 2011- 10Mar 2010 = (5445.45-5116.25)/5116.25*100=6.434
Average 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= 29.81
10 Mar 2014- 10 Mar 2013= (20.15-1743.15)/1743.15*100 = 15.65
10Mar 2013- 10 Mar 2012= (1743.15-1911.05)/1911.05*100= -9.26
10Mar 2012- 10 Mar 2011 = (1911.05-1536.30)/1536.30*100= 24.39
10 Mar 2011- 10Mar 2010 = (1536.30-1939.65)/1939.65*100= -20.79
Average 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= 65.78
10 Mar 2014- 10 Mar 2013= (724.10-812.45)/812.45*100 = -10.87
10Mar 2013- 10 Mar 2012= (812.45-446.95)/446.95*100= 81.78
10Mar 2012- 10 Mar 2011 = (446.95-361.75)/361.75*100= 23.55
10 Mar 2011- 10Mar 2010 = (361.75-271.15)/271.15*100= 33.41
Average 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= 41.85

10 Mar 2014- 10 Mar 2013= (720.53-386.58)/386.58*100 = 86.38

10Mar 2013- 10 Mar 2012= (386.58-253.45)/253.45*100= 52.52
10Mar 2012- 10 Mar 2011 = (253.45-228.48)/228.48*100= 10.92
10 Mar 2011- 10Mar 2010 = (228.48-179.03)/179.03*100= 27.62
Average of 5 years (Ri) =43.858

CALCULATION OF BETA
1) 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)

=100.21
VARIANNCE (MARKET):- [Rm- E(Rm)]2
=[-0.369-11.967]2
=152.17
Beta = 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)
=532.91
VARIANNCE (MARKET):- [Rm- E(Rm)]2
=[0.369-11.967]2
=152.17
Beta = 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)
= 528.41
VARIANNCE (MARKET):- [Rm- E(Rm)]2
=[0.369-11.967]2

=152.17
Beta = 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 an investment is a measure of the risk arising from exposure to
general market movements. The market portfolio of all investable assets has a beta of exactly 1.
A beta below 1 can indicate either an investment with lower volatility than 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
be diversified away. 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:-

REFRENCES
http://www.zigwheels.com/news-features/news/hero-motocorp-to-start-launchingnew-scooter-models-from-june-2015/21374/
http://profit.ndtv.com/news/corporates/article-hero-motocorp-magneti-marelli-jvopens-centre-inanesar-749653
http://timesofindia.indiatimes.com/business/india-business/Godrej-ConsumerProducts-Limited-makes-key-leadership-changes/articleshow/46543687.cms

http://www.livemint.com/Companies/3amB02gzTCcqv30x6UAxuO/Global-ConsumerProducts-readies-south-India-launch.html
http://www.moneycontrol.com/news/business/godrej-consumer-completesacquisitionfrika-hair_1318476.html
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