A Comparative Study of Financial Performance of Select Corporate in Indian Paper Industry

The growth of Indian paper industry has been consistent over the past several years, right from the time it was started. Firms both public and private have been investing in newer methods and technologies for producing papers and have also able to gain reasonable returns of their investments. This is inclusive of using cleaner and greener methods that does not harm the environment. This paper aims to bring out the financial performance of select companies within the industry and analyze them using an application based method named “Numerical Taxonomy” that ranks the selected organisations based on specific criteria. In this paper, we have used critical financial ratios as a specific criterion for the analysis.