A Study on Financial Performance of Restructured or Revived SLPEs in Kerala

Abstract

This paper is an attempt to see whether there has been any significant change in the financial performance of the selected State Level Public Enterprises subsequent to theimplementation of the revival and restructuring package. The analysis mainly involves the comparison of the performance prior to and post revival with the help of Ratio analysis like Current ratio, quick ratio, working capital ratio, Net Profit Ratio, Operating Ratio, Return on Equity, Return on investment , Debt-Equity Ratio, etc. Three public sector enterprises located in the state of Kerala were selected and their financial soundness is assessed with the help of Ratio analysis. The conclusions drawn could provide effective guidelines to the management of selected public sector enterprises in Kerala and their stakeholders.

Keywords:Finance, Financial Distress, Financial Analysis, Ratio Analysis, Public Sector Enterprises