Performance Appraisal of Bharat Petroleum Corporation Limited through Free Cash Flow

The present research work makes an assessment of the Free Cash Flow position of the BPCL. This study helps to reveal the causes of cash inflows and cash outflows made by the company and make a detailed analysis of its impact on the performance of the company so that fruitful suggestions could be given to improve its performance in future. Cash is the lifeblood of a business and a business needs to generate enough cash from its activities so that it can meet its expenses and have enough left over to repay investors and grow the business. While a company can fudge its earnings, its cash flow provides an idea about its real health. Since, Free Cash Flow is a tool for scientific evaluation of the performance of any business concern; the same has been used in the present research study. The study tries to examine the impact of Free Cash Flow and its different variables on company?s performance. The data was collected from the annual reports of BPCL covering the period of ten years starting from 2010-11 to 2019-20 and the data analysis was conducted by using one sample t-test.