Net Profit Tax Return 2016: Fill & Download for Free

We would learn a number of things:How much did he pay in taxes?How much did he personally benefit from the tax cut he signed into law?How much money does he give to charity? During the 2016 campaign, Washington Post reporter David Farenthold won a Pulitzer Prize for reporting that revealed Trump repeatedly lied about charitable donations.Trump boasts about his philanthropy. But his giving falls short of his words.Washington Post’s David Fahrenthold wins Pulitzer Prize for coverage of Trump’s charitable givingHow much does he earn in income from his various businesses?Does he or his businesses receive lots of money from foreign investors? If so, who are they, and where are they from? This could help establish whether, for example, there is any link between Trump’s policies and his business ties. Take, for example, the current story about Saudi Arabia murdering a journalist who was a U.S. legal permanent resident: Trump and Saudi Arabia: Deep business ties spark new scrutinyWe could learn more about his debts. How much is he in debt? What lenders hold his debts? If he deducts the interest of his personal debts at least some of this information would be revealed. This matters because there has been a lot of reporting about how Trump is heavily indebted to foreign banks, and in many nations — like China or Russia for example — there is not a great deal of separation between powerful businesses like banks and the government. Dependence on foreign lenders could leave Trump vulnerable to influence by foreign governments.Trump still owes lenders including Deutsche Bank as much as $480 millionNew report reveals scale of Trump's debt and it's breathtakingHow much money does The Trump Organization owe Russia and China?Now, look, it’s entirely possible that all the reporting that says Trump owes huge amounts of money to foreign banks is wrong. If so, revealing his tax returns could help clear this up.His tax returns would probably also reveal a realistic valuation of Trump’s total net worth — something Trump has gone out of his way to avoid allowing. Many of Trump’s critics and rivals have for decades claimed he was either not actually a billionaire at all, or that at the very least he was worth far less than he claims. In 2005 Trump sued journalist Timothy O’Brien for defamation after O’Brien published a book claiming Trump’s real net worth was about $200 million rather than the $5 billion to $6 billion Trump claimed. A judge tossed the suit out of court.Millions, billions: Judge tosses Trump's lawsuit over his worthFinally, his tax returns would shed light on whether he has been able to use his position as president to increase the profitability of some of his businesses, or if foreign governments or businesses have been steering business to Trump properties, possibly as a way of currying favor.So there’s actually a lot of relevant information that his tax returns could reveal. This is not a matter of violating Trump’s privacy; he chose to run for President, and his personal finances are relevant to his performance of that job.

1 - Pincon Spirit CMP INR 522 - Glenmark Pharma. CMP INR 604.73 - Manappuram Fin. CMP INR 108.74 - GHCL CMP INR 219.65Date of Analysis = 15 September 2017Company Name : PINCON SPIRIT LTDFor financial year ending on 31 Mar 2015, PINCON SPIRIT LTD has reported1 Sales Growth : 57.50%2 Profit Increased : 57.59%3 Margin Improved : 0.00%4 Borrowings Increased : 143.29%For financial year ending on 31 Mar 2016, PINCON SPIRIT LTD has reported1 Sales Growth : 57.01%2 Profit Increased : 58.55%3 Margin Improved : 0.03%4 Borrowings Increased : 66.83%5 Share Price Increased : 125.53%For financial year ending on 31 Mar 2017, PINCON SPIRIT LTD has reported1 Sales Growth : 50.10%2 Profit Increased : 73.13%3 Margin Improved : 0.40%4 Borrowings Increased : 16.97%5 Share Price Increased : 4.55%For financial year ending on Mar-18 E, PINCON SPIRIT LTD is expected to report1 Sales Growth : 26.30%2 Profit Increased : 39.79%3 Margin Improved : 0.32%4 Borrowings Increased : 17.31%5 Share Price Increased : 59.35%6 Estimated Share Price : INR 107.75For financial year ending on Mar-19 E, PINCON SPIRIT LTD is expected to report1 Sales Growth : 23.01%2 Profit Increased : 24.84%3 Margin Improved : 0.05%4 Borrowings Increased : 13.61%5 Share Price Increased : 24.84%6 Estimated Share Price : INR 134.5Below are some of the Financial Ratios for PINCON SPIRIT LTD for financial year ending on 31 Mar 2017:Net Income/Sales is 0.03Net Income/Pre Tax Income is 0.66Pre Tax Income/EBIT is 0.72EBIT/Sales is 0.06Sales/Assets is 2.68Assets/Equity is 3.67Return on Equity is 30%Return on Assets is 08%Retention Based Growth Rate is 28%Market Capitalisation is INR 298 croresAdd: Debt is INR 297 croresLess: Non Current Investments is INR 16 croresEnterprise Value is INR 579 croresNet Profit is INR 43 croresAdd: Interest is INR 26 croresLess : Tax Savings on Interest is INR 9 croresLess : Other Income is INR 0 croresFirm Profits is INR 60 croresSales is INR 1420 croresAdd: Other Income is INR 0 croresTotal Income is INR 1420 croresFirm Margin is 04%Enterprise Value to Total Income is 0.41 (below 2 is better)Enterprise Value to Total Income to Firm Margin is 9.63 (below 15 is investments friendly)Price to Earning is 6.92 (below 18 is investments friendly)Price to Book Value is 2.07 (below 2 is investments friendly)Debt to Equity is 2.06 (below 2 is investments friendly)Free Cash Flow to Firm is INR -16 croresFree Cash Flow to Equity is INR -42 croresPrice to Earning Growth is 0.09Company Name : GLENMARK PHARMACEUTICALS LTDFor financial year ending on 31 Mar 2015, GLENMARK PHARMACEUTICALS LTD has reported1 Sales Growth : 9.28%2 Profit Reduced : -61.36%3 Margin Declined : -5.84%4 Borrowings Increased : 16.31%5 Share Price Increased : 50.59%For financial year ending on 31 Mar 2016, GLENMARK PHARMACEUTICALS LTD has reported1 Sales Growth : 15.22%2 Profit Increased : 254.59%3 Margin Improved : 6.63%4 Borrowings Increased : 4.95%5 Share Price Decreased : -8.84%For financial year ending on 31 Mar 2017, GLENMARK PHARMACEUTICALS LTD has reported1 Sales Growth : 20.07%2 Profit Increased : 49.22%3 Margin Improved : 2.39%4 Borrowings Increased : 18.44%5 Share Price Increased : 11.12%For financial year ending on Mar-18 E, GLENMARK PHARMACEUTICALS LTD is expected to report1 Sales Growth : 19.99%2 Profit Increased : 29.68%3 Margin Improved : 0.99%4 Borrowings Increased : 2.18%5 Share Price Increased : 19.35%6 Estimated Share Price : INR 1057.2For financial year ending on Mar-19 E, GLENMARK PHARMACEUTICALS LTD is expected to report1 Sales Growth : 17.49%2 Profit Increased : 20.13%3 Margin Improved : 0.30%4 Borrowings Reduced : -3.75%5 Share Price Increased : 20.13%6 Estimated Share Price : INR 1269.95Below are some of the Financial Ratios for GLENMARK PHARMACEUTICALS LTD for financial year ending on 31 Mar 2017:Net Income/Sales is 0.12Net Income/Pre Tax Income is 0.74Pre Tax Income/EBIT is 0.86EBIT/Sales is 0.19Sales/Assets is 0.76Assets/Equity is 2.67Return on Equity is 25%Return on Assets is 09%Retention Based Growth Rate is 25%Market Capitalisation is INR 24993 croresAdd: Debt is INR 4724 croresLess: Non Current Investments is INR 16 croresEnterprise Value is INR 29701 croresNet Profit is INR 1109 croresAdd: Interest is INR 237 croresLess : Tax Savings on Interest is INR 61 croresLess : Other Income is INR 37 croresFirm Profits is INR 1248 croresSales is INR 9079 croresAdd: Other Income is INR 37 croresTotal Income is INR 9117 croresFirm Margin is 14%Enterprise Value to Total Income is 3.26 (below 2 is better)Enterprise Value to Total Income to Firm Margin is 23.80 (below 15 is investments friendly)Price to Earning is 22.54 (below 18 is investments friendly)Price to Book Value is 5.56 (below 2 is investments friendly)Debt to Equity is 1.05 (below 2 is investments friendly)Free Cash Flow to Firm is INR 276 croresFree Cash Flow to Equity is INR 39 croresPrice to Earning Growth is 0.46Company Name : MANAPPURAM FINANCE LTDFor financial year ending on 31 Mar 2015, MANAPPURAM FINANCE LTD has reported1 Sales Degrowth : -5.94%2 Profit Increased : 19.79%3 Margin Improved : 2.94%4 Borrowings Increased : 7.65%5 Share Price Increased : 53.36%For financial year ending on 31 Mar 2016, MANAPPURAM FINANCE LTD has reported1 Sales Growth : 12.01%2 Profit Increased : 24.57%3 Margin Improved : 1.54%4 Borrowings Increased : 4.87%5 Share Price Increased : 11.53%For financial year ending on 31 Mar 2017, MANAPPURAM FINANCE LTD has reported1 Sales Growth : 35.87%2 Profit Increased : 115.29%3 Margin Improved : 8.91%4 Borrowings Increased : 4.12%5 Share Price Increased : 150.03%For financial year ending on Mar-18 E, MANAPPURAM FINANCE LTD is expected to report1 Sales Growth : 6.62%2 Profit Increased : 7.23%3 Margin Improved : 0.14%4 Borrowings Increased : 1.59%5 Share Price Increased : 77.90%6 Estimated Share Price : INR 168.7For financial year ending on Mar-19 E, MANAPPURAM FINANCE LTD is expected to report1 Sales Growth : 5.80%2 Profit Increased : 11.50%3 Margin Improved : 1.31%4 Borrowings Increased : 0.50%5 Share Price Increased : 11.50%6 Estimated Share Price : INR 188.1Below are some of the Financial Ratios for MANAPPURAM FINANCE LTD for financial year ending on 31 Mar 2017:Net Income/Sales is 0.24Net Income/Pre Tax Income is 0.65Pre Tax Income/EBIT is 0.53EBIT/Sales is 0.70Sales/Assets is 0.23Assets/Equity is 3.97Return on Equity is 22%Return on Assets is 06%Retention Based Growth Rate is 18%Market Capitalisation is INR 7982 croresAdd: Debt is INR 9163 croresLess: Non Current Investments is INR 324 croresEnterprise Value is INR 16821 croresNet Profit is INR 726 croresAdd: Interest is INR 1003 croresLess : Tax Savings on Interest is INR 350 croresLess : Other Income is INR 1 croresFirm Profits is INR 1377 croresSales is INR 3007 croresAdd: Other Income is INR 1 croresTotal Income is INR 3008 croresFirm Margin is 46%Enterprise Value to Total Income is 5.59 (below 2 is better)Enterprise Value to Total Income to Firm Margin is 12.21 (below 15 is investments friendly)Price to Earning is 10.99 (below 18 is investments friendly)Price to Book Value is 2.41 (below 2 is investments friendly)Debt to Equity is 2.77 (below 2 is investments friendly)Free Cash Flow to Firm is INR 490 croresFree Cash Flow to Equity is INR -513 croresPrice to Earning Growth is 0.10

History says - high dividend paying stocks outperform the market in long run.When I ask people to invest in this category of stocks, they just look at me with amazement. What they like more is capital appreciation.Generally, people underestimate the power of dividend income. I’ve a live example of a person who is living on dividend income - this man received Rs.180 crores as dividend over the past 35 years.Let me clear it out.There are 2 types of benefit from stock market:Capital AppreciationDividend IncomeFor a second, imagine yourself as a cattle farmer. You bought a cow, feed it and fetched some milk to earn income from dairy products.Apart from this, after 2 year, due to high demand of cow in the market, you sold it at double price.That's how people earn in the stock market. They buy stocks at low, retain dividends (like the farmer earned from dairy products) and then sell it at high (like the farmer sold it after 2 years).So the profit earned from selling high is Capital Appreciation Profit and the sum of money paid regularly (typically annually) by a company to its shareholders out of its profits is known as Dividend Profits. In short:Capital appreciation = profit from price fluctuation in stocks = from selling cow at double price.Dividend profits = time to time dividend distribution = income from dairy products.So while you earn from dairy products you still have that cow but after selling the cow you've nothing as a source of income. Same as, while you receive dividends, you still have that stock but after you sell it, you've nothing as a source of income.Truly speaking, nobody gives a shit to dividend paying stocks. They like capital appreciation more than dividend profits.No doubt profits from dividends are much lower than capital appreciation but what if I say there is a high correlation between both of them.If you look at the portfolio of the most successful investor of all time - Warren Buffet then you can find that all of the top holdings in his portfolio have high dividend paying stocks with high payout and yield.But it doesn't mean that the company with low or no dividends are crap. Here's the authenticity - World's most expensive stock (It cost more than 1 crore in INR) - Berkshire Hathaway (class-A) don't pay dividends at all."A number of Berkshire shareholders -- including some of my good friends -- would like Berkshire to pay a cash dividend. It puzzles them that we relish the dividends we receive from most of the stocks that Berkshire owns, but pay out nothing ourselves" Warren Buffet wrote in his 2012 letter to investors.The company has paid only one dividend of 10 cents during his reign, in 1967, and Buffett later joked he must have been in the bathroom when the decision was made. Buffett uses that cash to grow company financials that eventually contribute to shareholder wealth.The result is: Company's stock price increased by almost 700,000% between 1964 and 2016.So the conclusion is:Company paying high consistent dividends is an excellent company. It's a universal truth.Company paying inconsistent or low or no dividends may or may not be an excellent company.However, in this article, I'll talk about how to find top dividend paying stocks but before let us talk about some pros and cons. And I bet - your every doubt related to dividends will get vanished by you reach the end, if not, leave a comment.Content:Financial ratios associated with dividendsTop dividend paying stocks in IndiaRegular incomeIndicator of cash within companyOther corporate actions than dividendsFlaws associated with dividend distributionBeware of high dividend payoutsWhere and How to find high dividend paying stocks?Some FAQsFinancial ratios associated with high dividend paying stocksThere are only 3 primary ratios associated with dividend:Dividend YieldA dividend expressed as a percentage of a current share price. The yield is the percentage of a stock's market price a company returns in dividends. A stock that pays an annual dividend of INR 5 and is trading at INR 100 a share has a yield of 5 percent.This is the best measure for dividend as compared to others because it takes current market price into account to calculate the ratio. Formula is as follows:DY = (Dividend/Current market price)*100Dividend PercentIt is the expression as a percentage of face value of the share. This ratio is useful to measure the trend of company's dividend over a long period as it is calculated on a common base of constant face value. However, some corporate actions like stock split can break the trend. Formula is as follows:D% = (Dividend/Face value)*100Dividend PayoutIt is the part of net profit which is distributed to shareholders. In other words, the percentage of Earning Per Share (EPS) which is paid to shareholders as dividends. In a while, we will further discuss this ratio in detail. For now, just peek the formula:DP = (Dividend/EPS)*100Side note: Each ratio has its own importance and sooner or later are used at different phases.Top high dividend paying stocks in IndiaData is updated on 8 August 16.I'll soon show you how to find dividend stocks but before let us talk about some pros and cons associated them.Regular incomeMy personal bank account has an interest return of 4%. That is why I keep a very low amount of money in my bank account. In lieu, I like to invest in companies which pay high dividends or in other words, which have more than 4% dividend yield.Matra is simple: Always keep your money work for you. Non-performing money is all eaten up by inflation.The government is forecasting an inflation rate of 4.8% by 2020. So if I still keep money in my bank account, I'm in loss of 0.8 (4% - 4.8%). There are many stocks which are consistently paying more dividends than returns on a saving bank account.For example: take NMDC. The company is paying very high dividends and its dividend yield range is 7% to 11% since last 3 years, apart from this capital appreciation of the stock is also excellent since last few months.Isn't it a great alternative than keeping your money in banks?Indicator of cash within companyThe dividend is also a good indicator of cash presence in the company. Net profit is used in 2 ways:Retained earningDividend payoutHere's the equation: Net profit = Retained earning + dividends.Retained earning is that part of net profit which is retained by the company to carry on its operational activity and for further development & expansion.Dividend payout is that part of net profit which is distributed to shareholders because that was free cash and this shows that company is earning enough to save money for its shareholder after fulfilling its basic operational activities.Other corporate actions than dividendsThere are also many other factors which ultimately add value to shareholders like dividend do. Bonus shares are also be considered as dividends but are paid in the form of equity. Buyback of shares is also an another way to show gratitude towards shareholders. These all eventually add values to shareholders.Flaws associated with dividend distributionThis is a kind of flaw associated with dividends. After the announcement of dividends, the stock price is compensated on ex-dividend date with the exact amount of dividends announced per share. For example, This year Hindustan Zinc paid the highest amount of dividend of 24 per share. At that time, the stock price was reflected 24 points low on exchanges due to ex-dividend date.So ultimately you're benefiting nothing from this corporate action.Beware of high dividend payoutsBeing an excellent company and having an excellent growth prospect is not the same thing. Sometimes the company with high payout lacks of growth in the company.Why?Because they had already saturated their potential and there is no other opportunity available for them to grow their business, that's why they are paying a high amount of money to their shareholder.Let me name few of them - PFC and REC. They both are a good company with high dividend yield. They lack growth because they are already so much matured that there are no rooms left for further growth.And the company which lacks growth means that they don't have the potential to become multi-bagger. Return from capital appreciation will be quite low.Where and How to find high dividend paying stocks?I'll show you 3 ways to find dividend stocks. Each and every source has its own importance.MoneycontrolScreenerGoogle AlertsMoneycontrolDon't underestimate the power of moneycontrol. It is a great hub of information related to stock market. You can get every information about any Indian stock with few clicks but very few people are aware of it.Moneycontrol has a feature where they segregate the best high dividend paying stocks. It has a whole dedicated section to easily find dividend stocks at one place, that too rank wise. It somewhat looks like this:Go on, here's the link to the page - http://www.moneycontrol.com/stocks/marketstats/nsetopdivScreenerScreener.in is the best place to filter stocks as per your own personalized criteria. The advantage of screener over moneycontrol is that you can also add criteria other than dividend ratios to filter stocks.For example, if you want a stock with "more than 20%" dividend payout and "more than 4%" dividend yield then you'll simply run a query in the query box but what guarantees that the stock is fundamentally awesome.Only relying on dividend ratios is not the way to get good fundamental stocks. So also add other many ratios like ROE, D/E etc as shown below:Note - above ratios and % are just for display purpose.You can also add other queries as per your personal choice. This guarantees that the stock is high dividend paying as well as it has good fundamentals. So screener goes an extra mile.Related read: How to analyse stocks in not more than 2 hoursNow here comes my favorite one.Google AlertsAbove 2 sources are one-time use only. In other words, it will be cumbersome to check moneycontrol or run a query on screener again and again, to see whether there is any new dividend paying stocks in the list.So what if you keep someone to work for you. A notifier.Google alerts.Just sign in to google alerts with your Gmail account and add an alert of "dividend announcement" keyword. You'll receive an email whenever anything related to dividend rolled out online.Some FAQsHow could I claim my dividend income?There is no need to claim dividends. The money will automatically get deposited in the registered bank account with your broker. No need to do anything.However, company will notify you for the same through email, like I receive an email (illustrated below) from ICICI for dividend distribution:Dear Member,Payment of 21st Dividend for the year 2015-16 throughNECS / RTGS / NEFT / Direct CreditAt the 22nd Annual General Meeting of ICICI Bank Limited (ICICI Bank) held on July 11, 2016, dividend at the rate of ` 5/- per share was declared for the year 2015-16 payable on or after July 11, 2016.The details of dividend in respect of your shareholding are as under:(Details not to be shared)In case of any discrepancy in details mentioned above, please write to our Registrar quoting your Folio No. / DP ID-Client ID.Yours sincerely,P. SankerSenior General Manager (Legal)& Company SecretarySo don't worry about the dividends.Where can I find ex-dividend dates?I prefer moneycontrol app. You can find it in the section named "corporate action" as shown below.Is there any minimum number of stocks or time frame to possess the shares to become eligible for the dividends?No there's no such regulation. Even if you have one share of a company and if the company declared a dividend of 20, you'll be entitled to receive Rs 20. But do mind that you hold the stock on ex-dividend date.What is the ideal rate of dividend yield and payout?2% or more than 2% of dividend yield and 20% or more than 20% for payout is considered ideal.When does a person is entitled to receive dividends?To be entitled to receive dividends you should hold the shares on the ex-dividend date. You will get the dividends on the amount of shares you hold. That's it.How many times dividends are paid in a year?There is no rule for how many times dividend should be paid. However, many companies follow 2 times dividend policy: Interim and final dividends. Even there are many companies which pay dividends thrice or quarterly, like MRF.What are the tax liability of dividend income in the hands of shareholders?There is no tax in hands of the shareholders. In case your dividend income alone is above INR 10 lakh, then you're liable to pay 10% tax on it. More information can be found here: http://economictimes.indiatimes.com/news/economy/finance/budget-2016-with-10-tax-on-dividend-income-rush-of-interim-payouts-likely/articleshow/51217301.cmsApart from this, Dividend Distribution Tax (DDT) of 15% is paid by the company before they pay dividends.Updated:How it can be possible that sometime companies pay dividends more than its current profit?It’s possible. Sometime company also pays dividends from its past reserves which is higher than its current profit which reflect payout ratio more than 100%. That mean company is paying dividends higher than its current accounting profit.For example: Oracle Finance (below are the ratio). You can see that the company is paying dividends which is 5 times of its current profit.If you still have any query then consider leaving back a comment.(Originally published on my blog)