A Comparative Study On Financial Performance Of Select Cement Company In India

Abstract

India being the second largest manufacturer and consumer of cement also has the largest potential to develop in the spheres of infrastructure and construction. Cement industry happens to be the fastest growing industry globally and in India. It acts as the backbone for economic and infrastructure development which in turn generates immense employment opportunities, directly and indirectly that is required for the development of under developed countries. Cement is the base material for all types of construction works, starting from smallest building to largest structures like dams and irrigation works. In India, cement industry is the prominent one where huge investments are made by both domestic and foreign investors. Cement industry in India is now heading towards achievement of global standards in production, safety and efficient use of energy. Another important target set for the cement industry in India is the sustainable development. The present study pertains to the analysis of financial performance of select cement manufacturing companies in India with reference to liquidity using various liquidity ratios. The study is restricted to three cement manufacturing companies, selected using certain criteria, for a period of five years ranging between 2018-19 to 2022-23. The study tends to reveal the performance efficiency of the selected companies with respect to its liquidity position.