FINANCIAL PERFORMANCE OF PUBLIC, PRIVATE AND CO-OPERATIVE SUGAR FACTORIES IN KARNATAKA STATE
Journal Title: International Journal of Agriculture Sciences - Year 2016, Vol 8, Issue 61
Abstract
Karnataka is the third largest sugar producing state in the county and one of the major revenue sources to the farmers and factories. Thus, present study has made an attempt to assess the financial performance of the factories in the state. The study selected 10 sugar factories, of which four each were from private and co-operative sector and two were from public sector, which were further sub divided into above and below average performing factories based on the parameters like installation capacity, cane crushed, sugar produced and sugar recovery percent. The required data for the study was from secondary sources, were gathered from the respective factories balance sheets, profit and loss account etc. from 1990-91 to 2012-13 and analytical tools used were financial ratios like liquidity ratio, leverage ratio, inventory ratio, and profitability ratios. The result of the study shows that, there was not much significant financial progress was observed in any of the selected public, private and co-operative sugar factories. However, with respect to comparison of the factories across the three sectors and among above and below averages, private sector (above and below average) and co-operative sector (above average) factories were found better. Whereas, other two below average co-operative sector factories and public sector factories, the situation was worst. Hence, poor performing factories are needs government support to uplift from the present situation else these factories may be handed over to the private ownership management for improving the financial progress.
Authors and Affiliations
GANESHGOUDA I. PATIL
Keywords
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