Downloads: 168 | Views: 533 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1
Research Paper | Commerce and Economic Studies | India | Volume 9 Issue 2, February 2020 | Popularity: 6.5 / 10
A Study on the Financial Statement Analysis of Selected Indian Tyres Companies
Dr. R. Jayanthi
Abstract: 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
Make Sure to Disable the Pop-Up Blocker of Web Browser
Similar Articles
Downloads: 5 | Weekly Hits: ⮙2 | Monthly Hits: ⮙2
Review Papers, Commerce and Economic Studies, India, Volume 10 Issue 7, July 2021
Pages: 1404 - 1407Capital Investment Decision for the Development of Business Organization: A Conceptual Review
Lakshmi Devaraj
Downloads: 2 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1
Review Papers, Commerce and Economic Studies, India, Volume 11 Issue 7, July 2022
Pages: 1569 - 1575CSR and Corporate Performance: A Review of Literature
Aashiq Hussain Thoker
Downloads: 2 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1
Research Paper, Commerce and Economic Studies, India, Volume 12 Issue 7, July 2023
Pages: 2087 - 2090The Impact of Corporate Social Responsibility Expenditure on Firm Profitability: An Examination of the IT and Pharmaceutical Sectors in India
Shivam Goyal
Downloads: 3 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1
Research Paper, Commerce and Economic Studies, India, Volume 7 Issue 12, December 2018
Pages: 1624 - 1631Determinant of Managerial Factors on Export Performance of Manufacturing Industries
Harish Kumar N
Downloads: 3 | Weekly Hits: ⮙2 | Monthly Hits: ⮙2
Research Paper, Commerce and Economic Studies, India, Volume 13 Issue 10, October 2024
Pages: 786 - 788Exploring the Impact of Social Media Marketing on Consumer Behaviour: With Reference to Ernakulam District
Sreelakshmi Mohanachandran