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2. UNIVERSITY SCHOOL OF MANAGEMENT AND ENTREPRENEURSHIP
3. MBA

Title:	To study the impact of various financial factors
Other Titles:	profitability of Indian manufacturing firms
Authors:	Rustgi, Harshit Chawla, Sumegha
Keywords:	various financial factors profitability Indian manufacturing firms Cash Conversion Cycle
Issue Date:	9-Jul-2020
Description:	EXECUTIVE SUMMARY Funds are regarded as business lifeline. Financial management is crucial to business subsistence and its definitive growth. This study aimed to decipher how various financial factors influence the profitability of Indian manufacturing firms. We selected the companies which belonged to the paint manufacturing sector and collected the data from their financial statements as in their annual reports from 2010 to 2019. Various factors were keyed out such as inventory turnover ratio, cash conversion cycle and quick ratio to check the impact on net profit ratio using correlation and panel regression models. Our results displayed cash conversion cycle and inventory turnover ratio to have a deleterious relation with profitability whereas the relationship of quick ratio with profitability was positive. It was also ascertained that the control variables such as debt to equity ratio had an affirmative bearing on profitability and size of the firm had a negative effect. Also, according to our research we found that there was a significant impact of all the factors when taken together on profitability of the firms. This will help the companies to perform better by managing these factors to get better profitability. Moreover, this will also enable the companies to find possible answers to increase their profit margins in the competitive market.
URI:	http://dspace.dtu.ac.in:8080/jspui/handle/repository/18015
Appears in Collections:	MBA

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