Q $6.$ Consider the information given below for Excellent Retail Ltd$.$ Write a brief capturing your analysis of the financial profile of these firms, from a credit risk perspective: $(12\mathrm{.}5$ Marks$)($Suggested Time: $15$~$25$ minutes$)$ Industry of Affiliation: Retail$/$Supermarkets Management Quote: $$We believe in growing. Size and continued growth are imperative in this business. Some may consider our pace of expansion as aggressive, but we have the market$$s pulse. Growth notwithstanding, on a stabilized basis, we aim to keep our debt$-$to$-$equity at levels not exceeding $0\mathrm{.}5.$ Summary financials As on$/$ For year ended March $31202120202019--$ Actual Actual Actual Net Sales Rs Million $15070111950386423$ Operating Income Rs Million $15111211989886795$ OPBDIT Rs Million $13595100086798$ PAT Rs Million $806344943205$ Net Cash Accruals $($NCA$)$ Rs Million $966057844197$ Equity Share Capital Rs Million $624162415615$ Adjusted Net Worth Rs Million $456213835515162$ Adjusted Debt Rs Million $43931497311937$ OPBDIT Margins $\%9\mathrm{.}08\mathrm{.}37\mathrm{.}8$ Net Profit Margins $\%5\mathrm{.}33\mathrm{.}73\mathrm{.}7$ ROCE $\%23\mathrm{.}821\mathrm{.}424\mathrm{.}0$ PBDIT $/$ Int. & Finance Charges Times $23\mathrm{.}568\mathrm{.}197\mathrm{.}51$ Net Cash Accruals $($NCA$)/$ Adjusted Debt Times $2\mathrm{.}200\mathrm{.}390\mathrm{.}35$ Adjusted Debt $/$ Adjusted Networth Times $0\mathrm{.}100\mathrm{.}390\mathrm{.}79$ Adjusted Debt $/$ PBDIT Times $0\mathrm{.}301\mathrm{.}551\mathrm{.}75$ Current Ratio Times $2\mathrm{.}883\mathrm{.}151\mathrm{.}29$ Cash$-$flow from operations Rs Million $691639873412$ Tot. Outside Liabilities$/$ Adj. Net Worth Times $0\mathrm{.}210\mathrm{.}521\mathrm{.}04$ Operating Income$/$Gross Block Times $4\mathrm{.}704\mathrm{.}574\mathrm{.}06$ Gross Current Assets days Days $459033$ Debtor Days Days $11--$ Year to Date Numbers $6$ months Sep$-21$ Sep$-20$ Operating income Rs Billion $94\mathrm{.}3171\mathrm{.}05$ OPBDIT Rs Billion $8\mathrm{.}126\mathrm{.}21$ PAT Rs Billion $4\mathrm{.}763\mathrm{.}66$ Net Cash Accruals Rs Billion $5\mathrm{.}614\mathrm{.}35$ OPBDIT margin $\%8\mathrm{.}618\mathrm{.}74$ PAT margin $\%5\mathrm{.}055\mathrm{.}15$ Interest cover Times $41\mathrm{.}8118\mathrm{.}86$