1Astt Prof, Dept of Commerce, Bhopal School of Social Sciences, Bhopal, India. Email id: sahu.amrita@rediffmail.com
2Sr Astt Prof, Dept of Commerce, Bhopal School of Social Sciences, Bhopal, India Email id: swapnapillai@bsssbhopal.edu.in
Online published on 16 February, 2019.
Being the 3rd largest economy in the world, Indian economy, is going to touch new heights in the coming years. Indian Cement Industry will play a significant role in the economic development of the country. The cement industry in India is one of the oldest sectors in India. The industry is driven by the immense growth in the housing sector, the infrastructure development, and construction of transportation systems. Average cement prices are expected to rise by 6% year-on-year (YoY) and 7% on quarter-on-quarter (QoQ) basis across the country despite volume decline in the southern and central regions, a report said. The present research has been aimed at appraising the financial health of cement Industry in general and of the sampled units in particular. The units selected for the present study are Pioneer in their field. Financial management and Accounting techniques have been used. Data is collected from the published financial reports of the company. The major conclusion drawn is that both the companies are using earnings to maximize shareholder's wealth as the market price of both the units under study has increased to a great extent. The inferences drawn from the report could be of immense help to investors.
Cement Industry, Financial Appraisal, Accounting techniques, Shareholders wealth, investors
