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VOL. 10, ISSUE 4 (2025)
Analysis of financial performance of selected Indian cement companies: An empirical study
Authors
Sunil Tudu, Dr. Somnath Das
Abstract
During the last few decades Indian cement industry witness its
unprecedented growth in cement production. At present India registered 8% share
of the global installed capacity and occupied 2nd place in the world
in cement production. Growing demand of cement, inflow
of FDI in cement production, adoption of modern technology compliance with
government policy Indian cement industry observed an overwhelming boom in
cement production. In this paper it has been attempted to analyse the
financial performance in respect of three parameters liquidity, efficiency of
resource management and profitability of 15 Indian cement companies randomly
selected form the companies listed in NSE. For this purpose, all secondary data
are collected from Capital Line Databasefor
the period of 2014 to 2023. 5 financial ratios of each parameter of have been
used as criteria to from a matrix for analysis the financial performance.
Descriptive statistics such as mean and S.D. have used to determine the
consistent performance of the companies and TOPSIS
(Technique for order preference by similarity to ideal solution) with
entropy weighted method is used to determine performance rank precisely in
respect of their liquidity, efficiency of resource management and ranked the
overall performance of the selected companies. Spearman’s rank correlation
revealed that there exists positive and significance rank correlation between
liquidity and profitability, liquidity and overall performance, profitability
and overall performance but there are positive but insignificant rank
correlation between liquidity and efficiency of resource management,
profitability and efficiency of resource management, efficiency of resource
management and overall performance during the study period.
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Pages:49-56
How to cite this article:
Sunil Tudu, Dr. Somnath Das "Analysis of financial performance of selected Indian cement companies: An empirical study". International Journal of Multidisciplinary Education and Research, Vol 10, Issue 4, 2025, Pages 49-56
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