Journal ID : AMA-07-08-2021-10562
[This article belongs to Volume - 51, Issue - 01]
Total View : 766

Title : Financial analysis of dairy companies in India A comparative study of selected companies

Abstract :

The study has made an attempt to analyses the solvency and profitability position of select Dairy companies in India. The select companies are CDPL, Hatsun, Heritage, Parag and Prabhat. The solvency has been explained by debt-to-equity ratio, interest coverage ratio, and proprietary ratio; profitability has been explained by ratios such as return on total assets, return on equity. It can be concluded that there is a significant difference in terms of current ratio, debt to equity ratio, proprietary ratio, debtors turnover ratio, creditors turnover ratio and total assets turnover ratio of select dairy firms in India. It means that at least one of the means of the sample is different. The test results also indicated that there is no significant difference in terms of inventory turnover ratio, fixed assets turnover ratio and interest coverage ratio.

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