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Financial Performance of Leading Logistic Companies in India

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Financial Performance of Leading Logistic Companies in India International Journal of Recent Technology and Engineering (IJRTE) ISSN: 2277-3878, Volume-8 Issue-4, November 2019 Financial Performance of Leading Logistic Companies in India SP. Mathiraj, Shetty Deepa Thangam Geeta, N. Nagalakshmi, M. Vinoth Abstract: In recent years, the logistics companies have gained e-commerce logistics, air cargo, train cargo etc. growth. There various new improvements have been seen in the (iv)Transport Corporation of India Limited is an logistics sector to smooth the progress of transportation and integrated multi-modal logistics and supply chain solutions warehousing. In this study the analysis of financial performance provider in India with a Global presence, headquartered in was carried out by analyzing their liquidity, solvency and Gurugram, Haryana, India. (v) Sical Logistics Ltd is India’s profitability of top five logistics companies in India were selected by their financial statements provided and also to study the leading integrated logistics solutions provider with over 5 variation of financial performance of the sample units, one way decades of experience in providing end to end logistics ANOVA-test tool was used to compare the financial ratios related solutions. The company’s divisions include Port Handling, to their liquidity, solvency and profitability. The study endeavours Road Logistics, Retail Supply Chain Solutions, Customs to gauge the organizations working execution, productivity, House Agency, and Ship Agency & Goodwill Travels liquidity and dissolvability, to demonstrate that the business is led Division. These mentioned logistics companies are selected in a judicious and ordinary way which boosts the investors to for the study.2 invest in the selected logistic companies. Keywords : Financial performance, Logistics sector, financial ratios, liquidity ratio, solvency ratio and profitability ratio II. REVIEW OF LITERATURE Van Hai Hoang and Truong Son Nguyen I. INTRODUCTION (2019)3The purpose of this study is to understand an effect of Logistics Sector in India is exceptionally divided. the logistics service on firm financial performance in textile Because of expanded modern exercises, the India industry of Da Nang city, Viet Nam. A questionnaire was coordination’s industry has increased tremendous centrality developed to survey several critical factors in the logistics throughout the years and a noteworthy donor of Indian GDP. services. Factor analysis method was applied to find some The logistics of physical things ordinarily includes the major configurations for each influential factor, and reconciliation of data stream, material taking care of, multi-regression method was employed to analyze the generation, bundling, stock, transportation, warehousing and influence of critical factor on the firm financial performance. regularly security. 1 Financial performance of logistic The results showed that internal logistics, inbound logistics, companies are bring out with the help of ratios on each area outbound logistics, support activities, and cost of logistics of finance provided by respective companies books of have significantly positive relationship with the firm financial account such as liquidity, solvency and profitability . The performance. Interestingly, the cost of logistics becomes the companies taken for the study is (i) Allcargo Logistics Ltd main factor affecting the firm financial performance in the textile industry. were founded in the year 1993 in Mumbai. It also offers pan 4 India container freight stations, third party logistics, inland Hofmann & Lampe(2013) This study has the container depots, ship owning, warehousing and chartering. relevance of financial information relating to logistics service (ii)Blue Dart Express Ltd was established in the year 1994 providers (LSPs), recent research has paid little attention to and is headquartered in Chennai, Tamil Nadu, and India. It is the financial analysis of LSPs. The aim of this paper is to one of the top 10 logistics companies in India. Blue Dart has examine the balance sheet structure of LSPs in order to find its warehouses located in 85 different locations in the country. out if there are differences between single providers or (iii) Gati Ltd provides all kinds of logistics and courier defined LSP groups (clusters) respectively. Furthermore, the related solutions such as, International courier services, dependency of asset, capital and liquidity structures on LSPs domestic courier services, reverse logistics, priority courier, specific characteristics is pointed out. Finally, we show which financial indicators positively influence profitability Revised Manuscript Received on November 15, 2019. * Correspondence Author Dr.SP.Mathiraj, Associate Professor, Department of Corporate Secretaryship, Alagappa University, Karaikudi, India. Email:[email protected] 2 Shetty Deepa Thangam Geeta, Ph.D Research Scholar, Department of https://www.fundoodata.com/learning-center/top-10-logistic-companies-in Commerce, Alagappa University, Karaikudi, India. dia 3 Email:[email protected] Van Hai Hoang and Truong Son Nguyen (2019) The Effect of Logistics N.Nagalakshmi, Ph.D Research Scholar, Department of Corporate Service on Firm Financial Performance in Textile Industry: Evidence From Secretaryship, Alagappa University, Karaikudi, India. Da Nang City, Vietnam MATEC Web of Conferences 259:04002. January Email:[email protected] 2019, DOI: 10.1051/matecCconf/201925904002 4 M.Vinoth, Assistant professor, Department of Commerce (Corporate Hofmann & Lampe (2013). Financial Statement Analysis of Logistics Secretaryship), Mannar Thirumalai Naicker College, Madurai, India. Service Providers: Ways of Enhancing Performance, International 43(4), Email:[email protected] April 2013, DOI: 10.1108/IJPDLM-08-2012-0029. 1http://elib.bvuict.in/moodle/pluginfile.php/1639/mod_resource/content/0/ SEYED%20SAAD AT%20MASOUMI.pdf Published By: Retrieval Number: D7475118419/2019©BEIESP Blue Eyes Intelligence Engineering DOI:10.35940/ijrte.D7475.118419 5298 & Sciences Publication Financial Performance of Leading Logistic Companies in India III. STATEMENT OF THE PROBLEM The following top five companies in 2019 on the basis of net profit were selected for the study. Logistic sectors are a standout amongst the most critical and 1. All cargo Logistics Ltd (AC Ltd) greatest undertakings in India that has built up a significant 2. Blue Dart Express Ltd (BDE Ltd) measure in late decades. So the researcher has picked the 3. Gati Ltd assessment of logistic industry for the study. The present 4. Transport Corporation of India Ltd (TCI Ltd) study manages the exploration of financial performance of 5. Sical Logistics Ltd (SL Ltd) Logistic industry in India which can give quick glance about financial status and boost the investor to invest in the sectors. Period of the Study IV. OBJECTIVES OF THE STUDY The study covers the evaluation of the performance of The aim of the study is to make an objective assessment of the companies over a period of five years from 2014-15 to financial performance of companies under this study. 2018-19. 1. To analyze the liquidity position of the identified units in VII. LIMITATIONS OF THE STUDY Logistic industry. The study depends on optional information got from the 2. To appraise the long-term solvency position of the distributed yearly reports and all things considered its finding identified units in Logistic industry. depends totally on the exactness of such information. The 3. To study the profitability position of the Logistic present study is generally in light of proportion examination companies in India. which has its own particular restrictions. The examination of financial statements of organizations gives analytic markers. V. HYPOTHESIS OF THE STUDY The specialist, being an outside, outer examiner, clearly has There is no significant difference exists in the financial no entrance to inner information. Inside perspective of the performance of identified logistic companies selected under association can't be described in the study. this study with respect to liquidity, solvency & profitability position. VIII. ANALYSIS OF FINANCIAL RATIO The analysis of financial ratio consists of Liquidity, Solvency VI. RESEARCH DESIGN AND METHODOLOGY and Profitability ratio. The present research attempt is enlightening and investigative in nature and is primarily in view of the optional information. Liquidity Ratio The universe of the study comprises of all the logistics Liquidity proportions measure the capacity of the firm to meet companies working in India and recorded in stock trades of its commitment. The liquidity ratios might be known as the India. asset report ratios on the grounds that the data required for the Sampling count of liquidity Ratios is accessible to be determined sheet as it were. The dissolvability position is demonstrated by the There are many logistics companies listed in stock exchanges liquidity ratios and it is extremely basic for any firm. The of India and the sample for this study consists of five leading imperative liquidity ratios are: logistics companies in India which are selected from ‘A’ 1. Current Ratio group of Bombay stock Exchange (BSE).The data for the 2. Acid-Test Ratio period of study is taken for five years from 2014-15 to 3. Absolute Liquidity Ratio or Cash Ratio 2018-19. The top companies are selected for the study engaged in integrated multi-modal logistics and supply chain The liquidity ratio of companies under this study from solutions provider in India. 2013-14 to 2018-19 has
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