Volume : IX, Issue : II, February - 2019

A STUDY ON FINANCIAL PERFORMANCE ANALYSIS OF INDIAN TOBACCO CORPORATION LIMITED

Dr. R. Malini, Dr. A. Meharaj Banu

Abstract :

Finance is considered to be the life blood of every business organization. Finance is a anch of economics considered with providing funds to individuals, business governments. Business enterprises in developing economics are conceived as instruments of economic progress and social change and are expected to reach the commanding heights of economy. Ratio analysis is widely used tools of financial analysis. It means expressing one item in relation to another in numerical term. To have a better understanding and details about the financial statement, the analysis has used ratio analysis. Every business under taking needs finance for its smooth working. It has to raise funds from the cheapest and risky source to utilize this in most effective manner. So every company will be interested in knowing its financial performance. This study “Financial Performance Analysis of Indian Tobacco Company Limited” is vital because just earning profit is not enough, a business should earn sufficient profit to cover its cost of capital and create surplus to grow. This study aims to analyze the liquidity, profitability, solvency position of the firm and efficiency which it converts its resources into service. The required data were collected from the secondary sources. The study covers a period of five years i.e. from 1st April 2013 to 31st March 2017. The study strongly reveals that the financial performance is better. However, it needs to minimize the operating expenses to get high net profit. Sales turnover can be improved further by checking expenses that influences the sales. The equity position has to be improved. The company should take steps to maximum utilization of resources and inventory.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

A STUDY ON FINANCIAL PERFORMANCE ANALYSIS OF INDIAN TOBACCO CORPORATION LIMITED, Dr.R.MALINI, Dr.A.MEHARAJ BANU INDIAN JOURNAL OF APPLIED RESEARCH : Volume-9 | Issue-2 | February-2019


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