Research Paper | Commerce | India | Volume 9 Issue 2, February 2020
A Study on the Financial Statement Analysis of Selected Indian Tyres Companies
Dr. R. Jayanthi
Tyre Industry is one of the mature and seasoned sectors in India. The industry has been a prominent ally in the Government’s developmental agenda ever since independence and especially after economic liberalization. The tyre industry provides the wheels on which an economy rides. India tyre market reached a consumption volume of 184 Million units in 2018. India represents the fourth largest market for tyres in the world after China, Europe and the United States. In India, the market is currently being driven by increasing radialization of tyres especially in buses and trucks. Moreover, the tyre industry consists of a vast consumer base; they are used in all type of vehicles which include passenger cars, buses, military vehicles, motorcycles, trucks, etc. The demand of tyres is primarily catalyzed from two end-user segments - OEMs and the replacement segment. The Replacement market currently dominates the tire market accounting for most of the total sales. Demand by the OEM segment is driven by new automobile sales trend, whereas, the replacement market is linked to the usage patterns and replacement cycles. The market for tyres is quite concentrated in India with the top 10 manufacturers accounting for around 80 per cent of the total market. MRF, Apollo Tyres, CEAT Tyres and JK Tyres currently represent the top players in this market. Globalization has led to the linking of the economies of all the nations and therefore major Indian players in the tyre industry are pursuing global strategies to enhance their competitiveness in world markets. The main purpose of this paper is to study and to do financial statement analysis on selected Indian Tyre Companies (like Apollo Tyres, CEAT Tyres, JK Tyres, Modi Rubber and TVS Srichakra). This study was done based on secondary data collected from multiple sources of evidence, in addition to books, journals, websites, and newspapers. The best tyres in the world have Goodyear written all over them (Goodyear Tyres advertising slog
Keywords: Current Ratio, Inventory, Financial Statement, Profit, Mean and Standard Deviation
Edition: Volume 9 Issue 2, February 2020
Pages: 1156 - 1166
How to Cite this Article?
Dr. R. Jayanthi, "A Study on the Financial Statement Analysis of Selected Indian Tyres Companies", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=SR20218091829, Volume 9 Issue 2, February 2020, 1156 - 1166
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