A STUDY ON FINANCIAL PERFORMANCE OF STEEL INDUSTRY IN INDIA

Banking & Insurance

Growth of any industries can be designated by the financial performance of indicators. It is true in the case of steel industry as well. The financial performance of any organization is influenced by several factors like capital structure, cost, revenue and the consequential profit margin. Financial performance of steel industry can be studied with many aspects like financial facts, financial ratios, financial health, financial strength and utilization of assets, etc. The financial performance can be influenced by the operational and financial efficiency of the steel industry, which are related to cost and the revenue aspects. The best indicators of the financial performance are return on assets, sales, equity and other financial variables. Thus, the problem related to the financial performance of the steel industry is interlinked to many aspects like cost, revenue, capital, assets and other related variables. If the analysis made on all the aspects related to the steel industry gives a clear cut picture about the financial performance, it can be used for policy decisions for its future development. In this connection, the researcher has analyzed the performance of steel industry in India on the parameters such as profitability, utilization of assets, growth of performance, financial strength and capital structure. The researcher has also attempted to identify the nature of relationship between the various aspects of financial performance.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.