Financial analysis is integral to business sustainability in determining an organisation’s financial viability and revealing its strengths and weaknesses, a key requirement in today’s competitive business environment. In a first of its kind, Financial Statements Analysis: Cases from Corporate India:
- evaluates the financial performance and efficiency of various corporate enterprises in India;
- presents actual case studies from eight core sectors (in manufacturing and services) — construction, cement, steel, automobile, power, telecom, banking, and Business Process Outsourcing (BPO);
- examines the financial statements on parameters such as financial ratios (profitability, solvency, and liquidity), while appraising their operating efficiency, market potential and valuation; and
- investigates their implications for larger decision-making and policy recommendations.
It will be an important resource for scholars, teachers and students of business and management, commerce, finance, and accounting. It will also appeal to corporate trainers, senior executives and consultants in related fields.
Table of Contents
Introduction: Business Organisations Part 1: Accounting Environment 1. Accounting: Nature and Scope 2. Financial Statements 3. Financial Ratios Part 2: Corporate Cases 4. Construction Sector: Hindustan Construction Company vs Larsen & Toubro 5. Power Sector: NTPC Limited vs TATA Power 6. Steel Sector: TATA Steel vs Steel Authority of India Limited 7. Automobile Sector: Maruti Suzuki India Limited vs Hindustan Motors 8. Cement Sector: Associated Cement Company Limited vs Cement Corporation of India Limited 9. Telecom Sector: Bharti Airtel Limited vs Idea Cellular 10. Banking Sector: SBI vs ICICI Bank 11. BPO Sector: TCS e-Serve Ltd vs Triton Corporation Ltd. Notes.
Sandeep Goel is Assistant Professor, Accounting and Finance, Management Development Institute (MDI), Gurgaon, India.