Ratio Analysis of Indianoil Corporation Limited

Abstract

Finance is one of the most important aspects of business, ensures that a business operates without any financial hiccups. Finance refers to the study of managing money and funding the required. Established in 1959, IndianOil became one of the leading energy companies over the last few decades. IndianOil has provided energy access to millions of people and is one of the most important public sector. The objective of the study is to analyze the financial position of the company for the period of 5 years (2015-2016 to 2019-2020). Secondary data is used for the study. Various ratios like current ratio, quick ratio, absolute liquid ratio, basic earnings per share, net profit ratio, return on equity, debt ratio, proprietary ratio and debt-equity ratio have been used for analysis. The company has to reduce its expenses to achieve greater heights.