STUDY ON FINANCIAL PERFORMANCE OF PUBLIC SECTOR STEEL COMPANIES IN INDIA UNDER LIBERALIZED ERA

The present study was an attempt to evaluate financial performance of the public sector steel companies in India under liberalized era. To determine the financial soundness of these selected companies namely Steel Authority of India Limited and Rastriya Ispat Nigam Limited ratio analysis and descriptive statistics are applied over financial data for a period of twenty years since 1992-93 to 2010-11. The study was based on secondary data collected from CMIE database and published annual reports of the concerned companies. The available data were analyzed to test the financial health of the companies by using ratio analyses which were broadly selected from four categories such as liquidity, solvency, efficiency and profitability. Various descriptive statistical tests like average (Avg), standard deviation (S.D), maximum (Max), minimum (Min) and coefficient of variation (CV) were also applied in the present study.