| 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.