The IUP Journal of Accounting Research and Audit Practices:
The Relation Between Capital Structure and Profitability of Some Selected Companies in Indian Ceramic Industry

Article Details
Pub. Date : Jul, 2019
Product Name : The IUP Journal of Accounting Research and Audit Practices
Product Type : Article
Product Code : IJARAP31907
Author Name : Bhaskar Biswas
Availability : YES
Subject/Domain : Finance
Download Format : PDF Format
No. of Pages : 10

Price

Download
Abstract

Ceramic is a sundry industry and contains a number of categories of products, including sanitaryware, refractory’s cement, advanced ceramics and ceramic tiles. The Indian ceramic industry is about 100 years old. The objective of the present study is to find out the relation between capital structure and profitability of eight selected ceramic companies during the period of 10 years from 2008 to 2017. Return on Equity (ROE), current ratio, debt-equity ratio and degree financial leverage have been used as the parameters of the study. As statistical measure, correlation matrix and one-way ANOVA test have been used for data analysis. The findings reveal that a few of the sample companies show positive and a few show negative correlation between ROE and the ratios of capital structure.


Description

The ceramic industry has a long history with the first instance of functional pottery vessels being used for storing water and food, thought to be around 9000 or 10000 BC. Clay bricks were also made around the same time. The Indian ceramic industry is about 100 years old. This industry produces tiles, sanitary ware and crockery items. Ceramic products are manufactured both in the large- and small-scale sector with wide variations in type, size, quality and standard. Ceramic is also known as fire clay. It is a natural, non-metallic solid article which is produced by the art or technique of heat and subsequent cooling. Ceramic is a sundry industry and contains a number of categories of products, including sanitary ware, refractory’s cement, and advanced ceramics and ceramic tiles. Products of ceramic industry like crockery, sanitaryware, tiles, etc. play a very important role in our daily life.


Keywords

Upload Articles
Click here to upload your Articles

Journals


Magazines


Articles of the Month
ISBN: 978-81-314-2793-4
Price: ₹250
Payment by D.D. favouring
"ICFAI A/c IUP", Hyderabad

Reach us at
info@iupindia.in
Tel: +91 8498843633