Financial Performance Analysis of Indian Companies In Information Technology Sector
Keywords:
IT Sector, Sales, Profit After Tax, Long Term Debt to Equity, Cash HoldingAbstract
This research paper analyzes the performance of five companies from the Information Technology Sector of India. The companies were selected on the basis of market capitalization. The variables viz Sales, Profit After Tax, Long Term Debt To Equity, Interest Coverage, Working Capital, Debtors Turnover and Cash holdings of the companies were examined over a period of 10 years. The study revealed that all these companies have performed well in terms of Sales and Profit After Tax. Also all the companies are equity driven and do not face any problem to meet with interest obligation. Performance on the front of working capital has also been found very satisfactory. Cash holdings of the companies are very comfortable. All the companies except Tech Mahindra are consistent in their performance on various parameters. Tech Mahindra has managed to be on surface but with considerable inconsistency.
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