A study on financial performance analysis of selected listed companies with reference to textile industries

Abstract

India’s textile sector contributes significantly to the nation’s economy. When it comes to creating jobs and bringing in foreign currency, this is one of India’s largest sectors. The robustness of the Indian textile industry’s finances is the main topic of the paper. And to understand how efficiently the textile industry has utilised its resources so far. Profitability, liquidity and solvency positions of textile enterprises have been investigated for this purpose. The comparative ratio analysis method has been utilised in this article to determine whether textile companies are financially sound. Paul G. Hastings stated that “finance is the management of the affairs of the company.” Determining the costs associated with acquiring the funds on the most favourable terms possible and allocating the available funds to the best uses.