Behavior of Financial Ratios of Indian Steel Industry during Post Recession Period
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 1
Abstract
The present study is envisaged to observe the financial performance of the Indian steel industry during the post recession period. It examines the financial performance of the industry in terms of different ratios selected from different aspects. 16 companies constitute the sample of the study for a period of 6 years since 2010-11 to 2015-16. Further it also investigates the relation between profitability and other financial metrics like liquidity, solvency and activity ratios. Factor analysis and multiple regression analysis are applied in the present study to facilitate the data analysis. Factor analysis is used in the study to explore the structure in the relationship of the financial variables under the study. Multiple regression analysis is used to examine the impact of liquidity factor on the profitability and it also helps to explore the linear relationship between liquidity and profitability. It has been found that liquidity has an immense positive impact on the profitability implying that when the companies are maintaining moderate amount of liquidity it helps to accelerate the profitability. Too much investment of liquid assets in the business may not give the high return due to volatility in world steel market during the post recession period.
Authors and Affiliations
Dr. Shrabanti Pal
Keywords
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- EP ID EP409412
- DOI 10.9790/487X-2001013943.
- Views 110
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