Evaluation of financial performance and profitability analysis of select steel companies in India Venkatesan T.*, Dr. Nagarajan S. K.** *Ph.D Research Scholar, Bharathaiar University, Coimbatore, Tamilnadu, India. **Assistant Professor, Department of Business Administration, Annamalai University, Tamilnadu, India. Online published on 3 November, 2012. Abstract India is among the top producers of all forms of steel in the world. Easy availability of low cost manpower and preference of abundant referrers make India competitive in the global set up. Finance is needed for day to day operation. I can be considered as a life blood for business. Profitability is the profit earning capacity which is a crucial factor contributing for the survival of the firms. The profitability level should maintain at increasing level in order to overcome this problem. The data is purely based on secondary Profitability position is major determined by the direct and indirect expenses and two away ANOVAs of ROI of selected steel company was, there is a significant different on the selected steel company via, they are maintaining different level of returns on their investment and correlation of sail to Tata of Net Profit and bhushan to jsw of OP was positive it tells, they are maintaining similar level in the Net Profit a of sail to Tata and jsw to bhushan of OP. finally Tata, sail has got better first better performer in the area of earning power. Bhushan and jsw have got second better performer in the area of overall earning power. Visa's financial position has a negative result of the study period. It is the drawback to get lost position in their analysis. Top Keywords Gross profit, Mean, Return on Investment Ratio, Net profit, ANOVAs, Creditors, Sales. Top |