Financial Performance of Steel Industry in India
Keywords:
Financial Performance, Steel Industry, Financial Ratio, One-way ANOVAAbstract
The research paper aims to study the financial performance of selected units in the steel industry in India in terms of financial ratios such as Liquidity, Solvency, Profitability and Efficiency position. The basic rationale of doing the study is that in the recent economic scenario of the country, iron and steel industry is going through severe downturn and Government is trying to keep no stones unturned for putting the industry back on growth track to achieve the second largest producer of steel in the world. For the study following companies listed in the stock exchanges in India viz. Tata Steel Ltd., Jindal Steel & Power Ltd., J S W Steel Ltd. and Steel Authority of India Ltd. are selected. ANOVA-Test analysis is employed to evaluate the impact of selected variables on the financial performance of identified units in the steel industry. The analysis will not only help to identify whether there exists any difference in the financial performance of the selected companies in the industry.
References
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