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Volume 6, Issue 1

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Volume 6, Issue 1

Determinants of Financial Performance of Selected Listed Manufacturing Firms in India

Author(s)

Raghav Chawla and Dr Rishi Manrai

Affiliations
  1. UG Student, Symbiosis Centre for Management studies, NOIDA, U.P.
  2. Assistant Professor, Symbiosis Centre for Management studies, NOIDA, U.P.
Abstract

The study was to financially analyze the manufacturing sector of India and determine the reasons for the sector’s slow growth. It was done by taking into consideration some dependent factors like ROA, ROCE, ROE and independent factors like capital structure, liquidity, firm size, and working capital. A sample size of 35 manufacturing sector firms listed on the BSE and NSE was taken. The time period of study was 2011-12 to 2016-17. Statistical tests that were applied were correlation, regression, sleekness and kurtosis. The results of the study revealed that independent factors significantly affected the financial performance of the firm. The capital structure and firm size affected the financial performance negatively; the liquidity and working capital affected the financial performance positively.

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