Financial Performance of Cement Companies- A Critical Appraisal

Abstract

The Indian cement industry is the second largest in the world employing in excess of a million people throughoutthe country. It contributes to the Indian economy because the construction industry in India relies heavily on thecement industry. The present paper analyses the financial performance of five major cement companies in India.The data has been collected from the annual reports of the cement companies since 2005-06 to 2014-15 andanalyzed by applying one way ANOVA as the statistical tool. The analysis of the data shows that there is asignificant difference in selected cement companies in India with respect to gross profit ratio, net profit ratio,current ratio, quick ratio, and debt equity ratio.

Keywords: cement, cement companies, ratio, ANOVA.