Analysis of Profitability of Seshasayee Paper & Boards Limited (SPBL): A Case Study

Authors

  •   V. Selvaraj Associate Professor and Head, Department of Commerce and Research Centre, Nehru Memorial College (Autonomous), Puthanampatti - 621 007,Tiruchirappalli Dt., Tamil Nadu
  •   P. Rajangam Assistant Professor and Head, PG Department of Commerce, Government Arts College, Ariyalur - 621 713, Tamil Nadu

Keywords:

Profitability

, Paper Companies, Profit Margin, Operational Performance, Correlation Analysis, Regression Analysis

C12

, C14, C16, G32

Abstract

This paper aims to access the profitability position of SPBL from the year 2001-02 to 2010-11. To evaluate the profitability of the company, relevant ratios were used and statistical tools like mean, standard deviation, coefficient of variation, minimum, and maximum were applied, and to test the significant relationship between the relevant variables, the variables were tested with the help of correlation and regression analysis (t- test). In hypotheses testing, most of the hypothesis showed a statistically significant relationship between two variables. Hence, it was concluded that the overall performance of Seshasayee Paper&Boards Limited regarding profitability was sound during the study period, the company's market is growing, and it was earning an acceptable return on invested capital, and it has good future opportunities for growth.

Downloads

Download data is not yet available.

Downloads

Published

2013-06-01

How to Cite

Selvaraj, V., & Rajangam, P. (2013). Analysis of Profitability of Seshasayee Paper & Boards Limited (SPBL): A Case Study. Indian Journal of Finance, 7(6), 31–44. Retrieved from https://www.indianjournalofcapitalmarkets.com/index.php/IJF/article/view/72107

Issue

Volume 7, Issue 6, June 2013

Section

Articles

References

Almazari, A. A. (2009). “Analyzing Profitability Ratios of Jordan Phosphate Mines Company (2001-2007).†Journal of Accounting and Finance, 23 (1), pp.75-89.

Chandra, B., Chouhan,V., & Goswami, S. (2012). “Analyzing Trends and Profitability Vis- A-Vis Working Capital Management (WCM): A Study of Select Information Technology (IT) Organizations in India.†Indian Journal of Finance, 6 (7), pp.13-26.

Eljelly, A. M. A. (2004). “Liquidity - Profitability Tradeoff: An Empirical Investigation in an Emerging Market.†International Journal of Commerce and Management, 14 (2), p.48.

Haslem, J.A. (1968). “A Statistical Analysis of the Relative Profitability of Commercial Banks.†Journal of Finance, 23(1), pp.167-176.

Jain, S.P., Narang, K.L., & Agarwal, S. (2008). “Accounting for Managers.†Kalyani Publishers, New Delhi. pp. 37-39.

Khan, M. Y., & Jain, P.K. (2008). “Financial Management Text, Problem and Cases.†Fifth Edition, Tata McGraw-Hill Publishing Company Limited, New Delhi. pp. 6.21-6.22.

Lazaridis, I., & Tryfonidis, D. (2006). “Relationship between Working Capital Management and Profitability of Listed Companies in the Athens Stock Exchange.†Journal of Financial Management and Analysis, 19 (1), pp.26-35.

Maheshwari, S.N. (2008). “Cost and Management Accounting.†Thirteenth Edition Reprint , Sultan Chand & Sons, New Delhi. p.B31.

Pandey, I.M. (2006). “Financial Management Text and Cases.†9th Edition, Vikas Publishing House, New Delhi, pp.43-49.

Pandey, S. (2012). “Financial Structure and Profitability of IFCI Ltd.: An Empirical Analysis.†Indian Journal of Finance, 6 (10), pp.32-38.

Raheman, A., & Nasr, M. (2007). “Working Capital Management and Profitability Case Of Pakistani Firms.†International Review of Business Review Papers, 3(1), pp.279-300.

Rajangam, P., & Selvaraj, V. (2012). “Analysis of Liquidity Management and Trade off Between Liquidity, Risk and Profitability of Tamil Nadu Newsprint and Papers Limited (TNPL): An Empirical Study.†Proceedings of the National Conference on Contemporary Issue in Global Business Management, Karpagam University, Tamil Nadu, Volume 1, February 3, 2012, pp.93-100.

Rustagi, R.P. (1999). “Financial Management, Theory Concepts and Problems.†Galgotia Publishing Company, New Delhi, p. 70.

Seshasayee Paper and Boards Limited (SPB) (2013). “The Company.†Retrieved from http://www.spbltd.com/profile.htm

Singh, D.P., (2012). “Working Capital Management and Profitability in the IT and Telecom Industry in India.†Indian Journal of Finance, 6 (3), pp.54-60.

Zabiulla, ______ (2011). “Analysis of Profitability Ratios of Selected FMCG Companies in India.†The Journal of Indian Management & Strategy, 16 (1), pp. 18-20.