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VOL. 3, ISSUE 1 (2018)
Financial performance analysis of butterfly Gandhimathi Appliances Ltd., Chennai: A case study
Authors
Dr. R Jayanthi
Abstract
Financial health is one of the best indicators of any business's potential for long-term growth. Financial analysis is an aspect of the overall business finance function that involves examining historical data to gain information about the current and future financial health of a company. Financial analysis is the process of reviewing and analyzing a company's financial statements to make better economic decisions. These statements include the income statement, balance sheet, statement of cash flows, and a statement of changes in equity. Financial analysis is a method or process involving specific techniques for evaluating risks, performance, financial health, and future prospects of an organization. Financial ratios are very powerful tools to perform some quick analysis of financial statements. There are four main categories of ratios: liquidity ratios, profitability ratios, activity ratios and leverage ratios. These are typically analyzed over time and across competitors in an industry. This paper is to enlighten the financial performance analysis of Butterfly Gandhimathi Appliances Ltd, Chennai. Butterfly Gandhimathi Appliances Limited is a pioneer in premium stainless steel home appliances & converted as Public Limited Company in the year 1990. Being a four decades old company, Butterfly was the first in India to introduce stainless steel Pressure Cookers and Vacuum Flasks. And among the first to acquire ISO 9002 certification in the LPG Stove and Mixie divisions. From just a handful of basic kitchen utensils, Butterfly today, manufactures a comprehensive range of home appliances, kitchen products and cookware of the best quality, the highest functionality and the latest styling. The main purpose of this paper is to study and analyze the financial performance analysis with reference to Butterfly Gandhimathi Appliances Ltd, Chennai. This case study was done based on secondary data collected from multiple sources of evidence, in addition to books, journals, websites, and newspapers. “The financial success of your company will be determined by the scale or significance of the problems you are solving and the opportunities you are creating – Michael Kouly”.
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Pages:509-519
How to cite this article:
Dr. R Jayanthi "Financial performance analysis of butterfly Gandhimathi Appliances Ltd., Chennai: A case study". International Journal of Academic Research and Development, Vol 3, Issue 1, 2018, Pages 509-519
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