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Measurement the Profitability Position of Select Steel Companies in India - Descriptive Study

Author

Listed:
  • M. Krishnamoorthi

    (Priyadarshini Engineering College)

  • P. Venkatesh

    (Sri Sairam Institute of Management Studies)

Abstract

The study evaluates the profitability level of selected steel companies to know their financial strength and weakness, it will lead to increase financial tactic to compete with international steel producers. The present study is both descriptive and analytical nature. The present study purely based on the secondary data only. The related data, some important key ratios were collected from the published annual reports of sample companies for the period of 2004-2013. Collected data analysed by using of SPSS package with applications of ratio analysis and statistical tools such as Mean, Standard Deviation (SD), Coefficient of Variation (CV). Finally it concludes that the profitability of selected steel companies very fair, except few belongs to mid cap companies, they need effort to stabilize their financial position to meet domestic and global competition. The companies belong to same industry differ in maintaining of profitability in various aspects.

Suggested Citation

  • M. Krishnamoorthi & P. Venkatesh, 2017. "Measurement the Profitability Position of Select Steel Companies in India - Descriptive Study," Shanlax International Journal of Management, Shanlax Journals, vol. 5(S2), pages 290-294, August.
    • Handle: RePEc:acg:managt:v:5:y:2017:i:s2:p:290-294
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