Performance Of Selected Companies of Iron and Steel Industry in India: In Special Reference to Profitability And Liquidity

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Ms Sayesha Lakhina, Dr Manish Didwania

Abstract

The iron and steel sector of India is the sector on which all the other sectors and industries in the nation depend upon. It procures the raw material for almost all the domestic construction and development projects and hence is a cog in the economy of the country. The industry also endorses a major share in the export of the country and contributes to the 6% of global steel production along with the US (Deloitte report on Analysis of Iron and Steel Industry). The iron and steel industry of India contributes around 2% of Indian GDP which is further anticipated to increase with the increase in the status of development in India. The industry is also recognised as a profitable investment avenue by global investors and has attracted FDI flows of USD 14.74 Billion during the FY 2020-21. The importance of the industry exemplifies it necessary to analyse its profitability and liquidity. Although various researches have been done on this industry, dedicated research to analyse the factual profitability and liquidity of this industry rested in the research gap. This research is an attempt to statistically analyse the profitability and Liquidity of the Indian iron and steel industry based on a sample of 5 iron and steel giants (namely: Tata Steel, JSW, SAIL, VISA and Jindal Steel). The research will have many folds usefulness, it will be useful for the government for making policies, for the companies to assess the performance of their policies, for the investors to understand the major drivers of profitability of iron and last but not the least, the research will be the contribution of a value to the literature on the subject matter.

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