A Study on Financial Performance of Select Cement Companies in India – With Special Reference to Working Capital Management
Journal Title: Scholars Journal of Economics, Business and Management - Year 2016, Vol 3, Issue 4
Abstract
Cement industry is the key industry in development of a nation. Efficient financial management is necessary for successful running of cement companies. Among them efficient working capital management is very important. Inefficient working capital management may lead a company even to bankrupt. The study analysed working capital management of nine selected cement companies in India for the study period of ten years from 2004-05 to 2013-14. For this purpose the study used ratio analysis and Y-score model. The results of the study showed that results of Y-score of ACC Ltd., Ambuja Cements Ltd., Chettinad Cements Ltd., Shree Cements Ltd. and Ultratech Cements Ltd. was more than the standard norm during all the years of the study period, hence their working capital management efficiency was good during the study period. Y-score of JK cements was more than the standard norm during six years of the study period and it was more than the standard norm only during four years of the study period in case of India cements. Keywords: working capital, current ratio, liquidity, y-score and absolute liquid ratio.
Authors and Affiliations
M. Senthilkumar, Dr. A. Panneerselvam
Keywords
Related Articles
- EP ID EP384386
- DOI -
- Views 75
- Downloads 0
Model of Purchasing Decision (Renting) of Generator Set: Analysis of Product Quality, Price an Service at PT. Hartekprima Listrindo
Abstract:This research aims to analyze the effect of product quality, price and service to the purchase decision at PT. Hartekprima Listrindo either partially or simultaneously. The population of this research is all cus...
Tourist Arrivals and Revenues of Recreational Agriculture Districts in Western Taiwan
Abstract:Agritourism industry is growing in Taiwan. Numerous farms and ranches are providing agricultural experiences as recreational activities to attract tourists. To integrate the resources of individual farms and to...
Adversity Quotient Profile: An Effective Psychometric tool to hire the finest aspirant for contemporary organizations
The AQ Profile is popular in today’s scenario as it has been tested widely and it is free from all sorts of biases across say gender, ethnicity and age and is proven to be the most robust instrument in today’s existence...
The Collaborative Development and Environment Governance of Beijing,Tianjin and Hebei
Abstract:Acting as the third pole of China's economic growth, Beijing-Tianjin-Hebei region is the most developed economy center in the north, meanwhile the biggest industrial cluster. It is the excellent geographical loc...
Transportation of Oil and Gas by Sea: Maritime Salvage, SCOPIC and the Vexed Issue of Environmental Salvage Regime
Abstract: Societies at all times loathe damage to the environment and in modern times have adopted a zero tolerance for environmental pollution. In doing this governments have adopted a pollution response and liability m...