Financial performance of textile industry in Tamilnadu with special reference to Coimbatore â€� A study of Profitability Analysis

R.Subha; Dr.N.Ramu

Volume : III, Issue : IV, April - 2014

Financial performance of textile industry in Tamilnadu with special reference to Coimbatore â€� A study of Profitability Analysis

R. Subha, Dr. N. Ramu,

Abstract :

The study has analysed the profitability of selected textile companies in Coimbatore, Tamilnadu. It is empirical in nature it selected five major textile companies in Coimbatore such as Ambika Cotton Mills Ltd., Bannari Amman Spinning Mills Ltd., Gangotri Textiles Ltd., Lakshmi Mills Ltd. and KG Denim Ltd. as sample of the study. It collected data from annual reports of the selected companies for the period of ten years from 2003-04 to 2012-13. The study mainly used ratio analysis as statistical tool. The present study of profitability analysis of selected textile companies in Coimbatore was made for the study period of ten years from 2003-04 to 2012-13. The results of the study indicated that profitability of Ambika Cotton Mills Ltd., Bannari Amman Spinning Mills Ltd. and KG Denim Ltd. was good over the study period, where as it was not satisfactory for Gangotri Textiles Ltd. and Lakshmi Mills Ltd.