2025, Vol. 6, Issue 2, Part G
A comparative analysis of financial performance in select family owned and public owned cement companies in India
Author(s): Sarvamangala KJ and G Sudarsana Reddy
Abstract: This paper carries out a comparative financial analysis of family-owned and public-owned cement companies in India to understand the impact of the ownership structure on key financial metrics, including liquidity, solvency, efficiency, and profitability. Cement industries are significant units that support the economic growth in India, making their operational strategies distinct with variations based on ownership dynamics. Financial, liquidity, and efficiency are three areas where this study aims to find distinctions between family-owned and publicly-owned businesses. The study has been used a number of financial measures, including Return on Capital Employed, Total Assets Turnover, Debt to Equity, and Current ratios. For this analysis past 10 years financial data of select eight companies have been considered from 2014-15 to 2023-24. To evaluate these differences, Generally, family-owned companies tend to exhibit stronger liquidity but poorer efficiency and asset utilization compared with their public-owned counterparts. Public-owned companies, in turn, tend to be placed in better solvency positions and emphasize profitability more. The study contributes to an ongoing debate concerning corporate governance and ownership-specific strategies in the Indian cement industry, which would further require such ownership-specific strategies with enhanced performance.
DOI: 10.22271/27084515.2025.v6.i2g.726
Pages: 620-626 | Views: 436 | Downloads: 105
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How to cite this article:
Sarvamangala KJ, G Sudarsana Reddy. A comparative analysis of financial performance in select family owned and public owned cement companies in India. Asian J Manage Commerce 2025;6(2):620-626. DOI: 10.22271/27084515.2025.v6.i2g.726
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