Working Capital Management of Indian Automobile Industry – With Special Reference to Selected Automobile Companies
Journal Title: Scholars Journal of Economics, Business and Management - Year 2016, Vol 3, Issue 12
Abstract
Abstract:The study has been undertaken to analyse working capital management of nine automobile companies in India for the study period of ten years from 2005-06 to 2014-15. The results of the study shows that Mahindra and Mahindra, Maruti and Bajaj Auto Ltd. had positive working capital during all the years of the study period, where as Ashok Leyland and TVS had negative working capital in four years and Tata Motors had negative working capital in five years. Current ratio was found to be good in case of Bajaj Auto Ltd. and Maruti Suzuki India Ltd. It was at satisfactory level for Mahindra and Mahindra Ltd. Current ratio of Ashok Leyland and TVS Motor Company was satisfactory during first half of the study period. Current ratio of Tata Motors Ltd. was good during first two years, especially during last four years it was found to be poor. Liquid ratio of Maruti and Bajaj was good and it was at satisfactory level in case of Mahindra and Mahindra Ltd., in case of other companies liquid ratio was not good. Absolute ratio of was good in case of Maruti Suzuki India Ltd., Bajaj Auto Ltd. and Mahindra and Mahindra Ltd. Cash position ratios of TVS Motor Company Ltd., Ashok Leyland Ltd. and Tata Motors Ltd. were found to be poor during the study period. Keywords:working capital, liquidity, cash position, current ratio and liquid ratio
Authors and Affiliations
P. Manokaran, Dr. J. Paramasivam
Keywords
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