Authors:

Hiral Parikh, Devesh Desai

Abstract:

Steel can be said to be the commodity having most significant usage and impact on our lives. The study covers the reasons behind the contemporary increase in steel commodity prices and its impact on major steel companies of India. The present study focuses on Tata steel, Sail, JSW steel companies. The increase in steel commodity prices has its effect on the profitability, liquidity and valuation of the companies is analysed. For the purpose of addressing the objectives, relevant accounting and financial ratios have been presented and analysed covering a time duration of 5 years from 2017 to 2021. The percentage change in accounting ratios over time and its correlation with EPS, PRICE TO BOOK VALUE AND EV/EBITDA has been studies. The companies were selected on the basis of their market capitalization.

Keywords:

Liquidity, Steel, Valuations, Financial Ratios, Markets 

Vol & Issue:

VOL.14, ISSUE No.Special Issue 1, january 2022