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Authors
Affiliations
1 Assistant Professor, Department of Commerce, DRBCCC Hindu College, Pattabiram, Chennai, Tamil Nadu, IN
2 Head, Department of Commerce, DRBCCC Hindu College, Pattabiram, Chennai, Tamil Nadu, IN
3 Assistant Professor, Department of Corporate Secretaryship, DRBCCC Hindu College, Pattabiram, Chennai, Tamil Nadu, IN
Source
International Journal of Business Analytics and Intelligence, Vol 8, No 1 (2020), Pagination: 31-41
Abstract
The present study is mainly based on the secondary data and the data is collected from the annual report of selected company and websites of moneycontrol.com, BSE.com etc for the period of Ten years, which ended on 31st March. The period of the study is 2009-10 to 2018-19. Edward Altman’s Z score, IGR and SGR under Du Pont analysis were used as dependent variables and profitability ratios, liquidity ratios, per share ratios, were applied as independent variables. Earlier studies applied EPS, DPS, ROCE and operating profit etc. (Suwaidan 2004, Shailesh 2013, Butalal Ajmera 2019). All the parameters have been analyzed with descriptive statistics, Karl Pearson’s correlation, Friedman test and coefficient of determination applied for its validity. EPS, DPS and Net Profit Margin have a positive impact on IGR at 84.9% (R Square). EPS, DPS, Net profit Margin, Current ratio, Quick ratio, Enterprise value/Operating revenue and Price/Book value per share have a positive impact on SGR at 82.1%. EPS, ROCE, BVPS, NP Margin, Asset turnover and Current ratio have a significant impact at 0.01 levels and Quick ratio and Price/Book value per share have significant impact on Altman Z score at 0.05 levels of selected Nifty 50 automobile companies in India for the study period.
Keywords
Altman Z Score, DuPont Analysis of IGR and SGR and Automobile Industry.
