Financial performance evaluation of seven Indian chemical companies

Authors

  • Patrick Anthony Department of Commerce and Business Management, UCC & BM, Osmania University, Telengana, India
  • Babak Behnoee Department of Commerce and Business Management, UCC & BM, Osmania University, Telengana, India
  • Malek Hassanpour Department of Environmental science, UCS, Osmania University, Telangana, India
  • Dragan Pamucar University of defence in Belgrade, Serbia

DOI:

https://doi.org/10.31181/dmame1902021a

Keywords:

Financial performance, Companies, DEA, Ratio analysis

Abstract

Financial appraises creates a prominent media for giving advice in the expansion, development of any society as well as its role in forbearance and stamina in depletion and recession. Obviously, manufacturing units have a main role in the development and progress of modern India. Indian economic relied on agricultural activities but industries also provide a prominent booster for the economic cycle. The current empirical study investigated the 7 Indian chemical companies in terms of financial aspect using ratio analysis, Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS), COmplex PRoportional ASsessment (COPRAS) and Data Envelopment Analysis (DEA) along with weighing systems of equal weighing, Entropy Shannon and Friedman test as the objective of research during 2010 to 2018. By the way, present research resulted in weighing and ranking of above-named industries in three classes. The weighing systems of Friedman test and Entropy Shannon were revealed a relatively linear scatter plot with no significant differences between values. DEA model had distinguished and classified the efficient companies based on rank values.

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Published

2019-05-22

How to Cite

Anthony, P., Behnoee, B., Hassanpour, M., & Pamucar, D. (2019). Financial performance evaluation of seven Indian chemical companies. Decision Making: Applications in Management and Engineering, 2(2), 81–99. https://doi.org/10.31181/dmame1902021a

Issue

Vol. 2 No. 2 (2019): Decision Making: Applications in Management and Engineering

Section

Regular articles

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