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 AN ANALYTICAL STUDY ON THE FINANCIAL PERFORMANCE OF JINDAL STEEL AND POWER LIMITED


    Author(s):  MR. R. N. VIVEKANANDAR
Abstract

India was the world’s third-largest steel producer in 2017. The growth in the Indian steel sector has been driven by domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India’s manufacturing output. The Indian steel industry is very modern with state-of-the-art steel mills. It has always strived for continuous modernisation and up-gradation of older plants and higher energy efficiency levels. Indian steel industries are classified into three categories such as major producers, main producers and secondary producers. This research study focuses towards the analytical study of financial performance of one identified units in the steel industry in India in terms of financial ratios Gross, Operating, Net Profit Margin, Return on Equity, Free Cash Flow, Current Ratio, Interest Coverage Ratio, Debt to Equity Ratio, Overall performance of the company and Net Income and Cash From Operations. Statistical tools applied are mean and standard deviation. Among the group of steel companies listed in the stock exchanges in India, Jindal Steel & Power Ltd., is selected for this study.


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