A Study on Financial Performance of Selected Cement Industries in Tamil Nadu State

Abstract:
The cement industry is selected for research due to several important reasons. Cement is a basic core product,
essential for building our nation and its growth is intrinsically liked with the overall growth of the economy and more
importantly with the growth of the infrastructure sector. The lack of adequate roads, port, power and other infrastructure could prove to be a big hindrance to the rapid growth of the country. A scientific approach to the research methodology is very much essential to evaluate the research problem systematically. The present study is fully focused on the secondary data which are collected from the different sources. A meticulous effort has been to collect the required and relevant data. Prowess database of the Centre for Monitoring Indian Economy (CMIE) is the most reliable authenticated and empowered corporate data base. The sample companies have been selected on the basis of size of the company. Several variables can be used as the measure the firm’s size. Some of them are net profit, total assets, gross profit, total share capital and net sales. Each variable cannot represent the exact firm’s size in isolation to other variables. The enlistment of Indian economy cannot be done with the assessment of cement industry based on its financial performances. A study of financial performance analysis is very much essential to the present globalized economic environment. Appropriate analysis of financial performance helps the firms to increase their earning capacity and changes the retained earning process by modifying various revenue ratios. Good quality control and stable performance are considered to be the vital factors for the better functioning of the industries. But these factors are not the any yardstick in determining the success of the industries. Only, when the management of these firms and their success will stride to the highest level of targeted success in short period. Under this circumstance the present management policies are all reviewed to strengthen country’s economic development by way of more productions and increasing the usage of cement products.

Author Name : T.Sakthivel

Keywords: Cement Industry, Financial Performance, Tamilnadu, Growth.