Assignment 1

1. Pick any ONE from below list of companies ONLY:
   • Ceat Tyres
   • Voltas
   • Shree Cement
   • Britannia
   • Havells
   • Page Industries
   • Relaxo Footwear
   • BHEL
   • NTPC
2. Perform Working Capital Analysis
   • Identify the trends in working capital
   • Relative movement of Receivables, Payables and Inventory
   • Cash Conversion Cycle Analysis
3. Calculate Weighted Average Cost of Capital
   • Calculate Risk Free Rate and explain your rationale of choosing the rate
   • Calculate beta against BSE100 index over the last 3 years of data
   • Calculate Equity Risk Premium and explain your rationale.
   • Identify Cost of Equity
   • Identify Cost of Debt, and the method of finding it
   • Calculate WACC, and explain the working
   • Should the company increase or decrease the debt?
4. Provide commentary on Working Capital Scenario and WACC of selected company.