This is a pioneering book that integrates functional analysis of a business enterprise with stock market valuation. It moves beyond the convention of financial statement analysis to first evaluate every function of management and then integrate this into the total corporate functioning of an enterprise, leading to its valuation in the stock market. Comprehensive sets of ratios are provided for broad managerial functions and their sub-divisions like, production, sale and distribution, working capital, debt-service management, etc. All the ratios are explained and worked out with live examples.
This book is invaluable for student pursuing post-graduate management courses and professional examinations such as those conducted by ICAI, ICWAI, ICFA, ICSI. It will be of considerable interest to professional managers, both at the operational and corporate level and to bankers and instituteional lenders for credit appraisal and to stock market investors as an aid to analysis of a company`s share price movement.
Hrishikes Bhattacharya is a consultant and board-level advisor to many companies and government organisations including the Reserve Bank of India. He has also, in the past, been on the board of United Bank of India. He was, formerly, Professor of Finance and Control at the Indian Institute of Management, Calcutta. Professor Bhattacharya has been the UNDP fellow in International Financial Management at the Wharton School, University of Pennsylvania. He was a member of the task force appointed by Government of India for assessment of the movement of credit-deposit ratio in the states of India and suggest measures to improve the ratio in states, which lagged behind the national average. Besides having contributed over 80 articles to national and international journals and financial dailies, he has previously written several books including Immanent Theory of Production, Some Aspects of Entropy in Economic Process (co-author) and Commercial Exploitation of Fisheries.