Profitability Analysis of Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation LimitedJournal: International Journal of Science and Research (IJSR) (Vol.10, No. 6)
Publication Date: 2021-06-05
Authors : Sasi Bhushan Mamilla;
Page : 835-840
Keywords : Operating Profit Ratio; Interest Coverage Ratio; Operating Ratio; Operating Expense;
The present study makes an attempt to study comparative analysis on profitability of above two public oil and natural gas companies Hindustan Petroleum Corporation of India and Bharat Petroleum Corporation Limited. The objective of the present study is to analyse the profitability of these two companies during the study period of five years from2015- 16 to 2019-20. It has employed statistical tools of non-parametic test i.e. Mann Whitney U test to draw inference on hypotheses framed to compare the profitability of two companies. The study has applied eight ratios to measure profitability of these companies. gross profit ratio, net profit ratio, operating profit ratio, return on gross capital employed ratio, interest coverage ratio, operating ratio, total assets turnover ratio and operating expense ratio, ratios of Bharat Petroleum Corporation Limited is higher as compared to Hindustan Petroleum Corporation Limited during the period of five years. Only the operating ratio & total assets turnover ratio of Hindustan Petroleum Corporation Limited is higher than Bharat Petroleum Corporation Limited during the same period.
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