The Liquidity Trend Analysis of Iron and Steel Industry in India
Journal Title: International Journal of Human Resource Management and Research (IJHRMR) - Year 2019, Vol 9, Issue 4
Abstract
The iron and steel industry in India contributes substantially to the economic well-being of a nation. The industry caters employment opportunities to the more number of people and also fetching more foreign exchange to the Indian coffers. As such, it is paramount importance to track the health of the industry. This is because, the health of the industry, if it is good, is also good for the nation. One of the parameters to gauge the health of the industry is to study its liquidity position. Keeping this in focus the present paper study the liquidity trend of iron and steel industry in the last fifteen years i. e., from the year 2003-04 to 2017-18. In this study comparative liner regression and trend analysis techniques have been employed to know the financial soundness of iron and steel firms. The result shows the inadequate current assets, poor working capital management and profitability margin due to volatility in iron and steel market and wide fluctuations in raw material prices. The liquidity position is almost similar in all the iron and steel firms, as the result indicates.
Authors and Affiliations
Dr. K. Venkatachalam, D. Saravanakumar
Keywords
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- EP ID EP657390
- DOI 10.24247/ijhrmraug201915
- Views 287
- Downloads 0
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