IMPACT OF LIQUIDITY, SOLVENCY AND EFFICIENCY ON PROFITABILITY OF STEEL AUTHORITY OF INDIA LIMITED

Abstract

Business firms exist in a world of rapid changes. In 21st century, business and economic environment is characterized by various changes like High-growth markets, financial crisis, technological advances, stiff competition, innovation etc. In such a complex and rapidly changing corporate environment, a firm will not be able to survive in the long-run if its financial performance is not sound in all respects. The present study attempted to analyze financial performance of Steel Authority of India Limited, a Public sector undertaking in India enjoying the status of Maharatna, for a period of ten years from 2005 to 2014 using various financial ratios. Results of the study showed declined in the financial performance of SAIL during study period.