European Journal of Business and Management
Paper Industry in India: A Comparative Study
Abstract
The Indian Paper Industry, 15th largest in the world, accounts for about 1.6% of the world’s production of paper and paperboard with anestimated turnover of Rs 35,000 crore approximately. It is a priority sector for foreign collaboration and 100% FDI is approved on automatic route by Reserve Bank of India. Currently, there are about 515 paper companies engaged in the manufacture of paper and paperboards and newsprint in India. The present paper is an assessment of paper industry in India in general and comparative study ofBallarpur Industries Limited (BILT) & JK Paper Ltd in particular. The analysis has been done with the help of selected financial ratios for a period of 14 years (2000-2013) under four broad aspects i.e. profitability, liquidity, solvency and management efficiency. The study found that nonehas satisfactory liquidity position. JK paper is more efficient in respect profitability, solvency and management efficiency then BILT.
Key words: Paper Industry, Profitability, Solvency, Liquidity, Efficiency
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ISSN (Paper)2222-1905 ISSN (Online)2222-2839
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