FINANCIAL PERFORMANCE ANALYSIS OF SELECTED INDIAN IT COMPANIES: A COMPARATIVE STUDY
Paper Title: FINANCIAL PERFORMANCE ANALYSIS OF SELECTED INDIAN IT COMPANIES: A COMPARATIVE STUDY
Authors Name: Mr. K. Janarthanan , Dr. S. Prasanna Kumar
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Author Reg. ID: TIJER_101152
Published Paper Id: TIJER2303091
Published In: Volume 10 Issue 3, March-2023
DOI: http://doi.one/10.1729/Journal.33459
Abstract: ABSTRACT Since IT sector contribute tremendously to the GDP of the country, it is inevitable to scrutinize, how these enterprises resuscitate, thrive, and boost their operations during COVID. The progression of TCS, Infosys, and Wipro was investigated for the period 2017-2022 in view of fact that they exhibit significant market capitalization. Spotting the top IT giant in this industry is aided by inspecting their key performance indicators. In order to assess business undertaking as a whole, ratio analysis is used together with statistical tools like one-way ANOVA and CAGR. It was discovered that IT companies were not adversely affected by COVID, and it appears that these businesses have been flourishing over the past few years. Overall, Wipro's performance with respect to generating operating profit, net profit, and payout ratio over the long run is brilliant. In terms of proprietary ratio, Infosys is the pioneer. With reference to earnings per share, return on invested capital and debt-to-equity ratio, TCS is the standout player. Although all businesses continue to operate at the identical level in terms of short-term solvency ratios, Infosys takes the lead due to its steady performance over the years. Despite the fact that TCS and Infosys have high market cap, Wipro earns the top spot by performing exceptionally well over the past 6 years showing rising trend in multiple analysis.
Keywords: ANOVA, CAGR, Comparison, Financial Performance, IT companies, Liquidity, Profitability, Solvency.
Downloads: 000377
Page No: 730-741
Country: Chennai, Tamil Nadu, India
Research Area: Commerce All
Published Paper URL: https://tijer.org/TIJER/viewpaperforall?paper=TIJER2303091
Published Paper PDF: https://tijer.org/TIJER/papers/TIJER2303091
ISSN:
2349-9249 | IMPACT FACTOR: 8.57 Calculated By Google Scholar| ESTD YEAR: 2014
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.57 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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