The IUP Journal of Accounting Research and Audit Practices:
Research Note
An Analysis of the Pre- and Post-Deregulation Financial Performance of IOCL and ONGC

Article Details
Pub. Date : Jan, 2019
Product Name : The IUP Journal of Accounting Research and Audit Practices
Product Type : Article
Product Code : IJARAP41901
Author Name : Mahesh Chand Garg and Vikas Bhargaw
Availability : YES
Subject/Domain : Finance
Download Format : PDF Format
No. of Pages : 06



Indian economy is a developing economy which is dependent on oil and gas for its growth and development. Before 2010, prices were controlled by the State, with the Government of India providing subsidy on oil and gas, which was a cause for the slow growth of economy, which also caused loss of revenue. Indian Oil Corporation Limited (IOCL) and Oil and Natural Gas Corporation (ONGC) are the largest producers of oil products in India. Their financial soundness is very important to Indian economy. To evaluate the financial performance of a company, major techniques like comparative analysis, trend analysis and ratio analysis are used.


Different studies have used different methods to evaluate the financial performance of a company. Gupta (2005) concludes that the analysis of the financial performance can be done by using traditional measures like cost, revenue, profit and ROI.

Mandal and Hossain (2010) examine the impact of working capital management on liquidity, profitability and risk of BPCL for the period 1999-2000 to 2008-09. The study also highlights the conceptual side of working capital and makes an endeavor to observe and test the profitability and liquidity position of the company during the study period.


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