A Comparative Financial Analysis between Public and Private Sector Steel Companies in India– A Case Study Approach

Shrabanti Pal .

Abstract


Steel is crucial for development of modern economy. Indian steel industry is one of the fastest growing industries in the whole world. India is the fifth largest steel producer in the world after China, Japan, USA and Russia. Indian steel industry is contributing around 2 percent to Gross Domestic Product (GDP) and its weight in the Index of Industrial Production (IIP) is 6.2 percent. India now contributes 4% to the world’s crude steel production and is capable of holding and retaining its position in future. If per capita consumption is taken into account then it can be seen that India’s per capita consumption of steel (47 kg) is less compares to the whole world (190 kg). Therefore, there is an immense scope for the Indian steel industry to grow further in future. This paper is an attempt to examine the financial performance of selected Indian steel companies and the impact of liquidity and activity factors on the profitability of the steel industry on the basis of the sample units.


Keywords


Steel, Indian steel industry; Factor analysis; Multiple regression technique; Profitability of steel industry.

Full Text:

PDF

References


Bagchi. Jayanta (2005), Development of Steel Industry in India; I.K International Pvt. Limited

Bharti Bala Y., De Sanjay (2009, November) Steel – Signs of Revival. The Analyst Bhunia Amalendu (2011); Short-term Liquidity Management- A Study of Indian Steel Companies; Indian Journal of Commerce and Management Studies; Vol-II; www.scholarshub.net

Chadha Rajesh (1989); Key Sector of Indian Economy: A system view of steel industry; Concept Publishing Company

Chandra, Prasanna (2008), Financial Management, Tata McGraw Hill, Seventh Edition

Firoz. A.S (2008) Global Recession will Hit Steel Demand, Financial Express, www.financialexpress.com

Government of India, 2005; National Steel Policy, Ministry of Steel, New Delhi. http://www.steel.gov.in/nspolicy2005.pdf.

Government of India,2006; Report of the Working Group on Steel Industry for the Eleventh Five-year Plan (2007-12), Ministry of Steel, New Delhi

Government of India, 2008a; Annual Report, Ministry of Steel, Government of India, New Delhi.

Hair Joseph, Black William C., Babin Barry J., Anderson Rolph E, Tatham Ronald L.(2009); Multivariate Data Analysis; Pearson Education Inc; India; Sixth Edition

Kishore, Ravi.M, A (2009) Text Book On Financial Management, Taxmann; Seventh Edition

Kannan, N , (2005) The Indian Steel Industry: The New Dynamics

Malhotra, Dash (2010); Marketing Research- An Applied Orientation; Pearson; Sixth Edition

Pandey, I.M (2010); Financial Management; Vikash Publication; Tenth Edition

Sengupta Sanjay. (2005). Indian Steel Industry -Glorious Present, Glittering future, steel world, www.steelworld.com

Steel Scenario Yearbook. 2010. “Performance Highlights”, Steel Scenario Journal, Kolkata.


Refbacks

  • There are currently no refbacks.


Editorial Office:

Educational Research Multimedia & Publications,
S.N. 21, Plot No 24, Mirza Ghalib Road Malegaon Nasik,
Maharashtra India - 423203.
+919764558895 (whatsapp),
editor@scholarshub.net, www.scholarshub.net

Copyrights © 2010-2020 - ERM Publications, India     

This work is licensed under https://creativecommons.org/licenses/by-sa/4.0/