31Mar 2017

RATIO ANALYSIS OF TEXTILE INDUSTRY IN TAMIL NADU: (WITH THE SPECIAL REFERENCE TO CMIE LISTED COMPANY)

  • Assistant Professor, Department of Management Studies, ManonmaniamSundaranar University, Tirunelveli ? 627 012.
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The financial performance of the textile industry in Tamil Nadu had been analyzed with the help of the financial ratios. The financial structure of a company can show its capacity to generate the funds needed to undertake the desired expansion. The financial performance assessment together with other efficiency criteria, will give an idea of the total efficiency and industry performance. The success of the company ultimately depends upon its future growth and development. The company?s future can never be predicted with accuracy without having precise information related to its present financial position and its past earnings. In addition, the present study analyzed the impact of the performance of liquidity, solvency and efficiency on the profitability of the textile industry using CMIE data. The study found the impact of financial ratios, such as return on capital employed and net profit ratio, on the profitability of textile industry in Tamil Nadu, was meticulously studied. From the Generalized Least Square method it was found that absolute liquidity ratio had the highest impact among the financial ratios on the return on net profit ratio as well as creditors? turnover ratio is highest impact on return on capital employed during the study period with statistical significance.

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[Marimuthu KN. (2017); RATIO ANALYSIS OF TEXTILE INDUSTRY IN TAMIL NADU: (WITH THE SPECIAL REFERENCE TO CMIE LISTED COMPANY) Int. J. of Adv. Res. 5 (Mar). 2024-2048] (ISSN 2320-5407). www.journalijar.com

Dr. MARIMUTHU KN
Manonmaniam Sundaranar University

DOI:

Article DOI: 10.21474/IJAR01/3733      
DOI URL: https://dx.doi.org/10.21474/IJAR01/3733

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