An analytical study of corporate financial management practices of Indian automobile companies
Ajmera Tushar Rameshbhai, Ashvinkumar Solanki
The corporate financial management practices considered as most important thing in business organization because it deals with management of funds and effective utilization in business. It deals with profit maximization and wealth maximization. This research work has been conducted for analyzing corporate financial management practices in India’s most emerging automobile sector. This researcher work have been selected four companies like Ashok Layland, Eicher Motors, Tata Motors and Force Motors during the study period of 2016-17 to 2020-21. For analyzing corporate financial management practices seven ratios have been selected like gross profit, net profit margin, return on net worth, return on capital employed, current ratios, debt to equity ratio and interest coverage ratio. For hypotheses testing researcher used one-way Anova at 5% level of significant. The major finding of the study is Eicher Motors indicated good financial management as compare to other three and Tata Motors’ performance is not satisfactory as compare to other three.
Ajmera Tushar Rameshbhai, Ashvinkumar Solanki. An analytical study of corporate financial management practices of Indian automobile companies. International Journal of Commerce and Management Research, Volume 7, Issue 5, 2021, Pages 11-14