A study on financial analysis through comparative statements - with special reference to HPCL
The financial performance of HPCL have been developing these days creating an interesting cause to study its financial reports and compare them with the firms in the same industry to understand the reason for financial developments in HPCL with respect to other firms performance in the oil and gas industry, India. In this study I have depicted intra firm comparative analysis by taking five years data of HPCL Company from 2012 to 2017. Comparative balance sheet and comparative profit and loss account are prepared to analyse the firm’s liquidity, profitability and solvency positions from last five years. Then I have taken another four companies which are HPCL (Hindustan Petroleum Corporation ltd), BPCL (Bharat Petroleum Corporation ltd), ESSAR (Essar oil ltd), GAIL (Gas Authority of India ltd) and IOC (Indian Oil Corporation) to do inter firm analysis comparing with HPCL. In this study I have compared these entities in the terms of a profitability ratio, a solvency ratio and a liquidity ratio.
Pallavi Pudi. A study on financial analysis through comparative statements - with special reference to HPCL. International Journal of Commerce and Management Research, Volume 4, Issue 2, 2018, Pages 49-55