2025, Vol. 6, Issue 2, Part J
Financial performance analysis of pre- and post-listing of a venture capital backed company quick heal technologies limited
Author(s): Addanki Anil Kumar and Mamilla Rajasekhar
Abstract: The financial implications of stock exchange listing have been extensively debated, often yielding inconclusive results. This study investigates the case of Quick Heal Technologies Limited (QHTL), a venture capital-backed cybersecurity firm headquartered in Pune, Maharashtra, which launched its Initial Public Offering (IPO) and was listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on February 18, 2016. Using exclusively secondary data from audited annual reports and financial portals, the analysis covers a ten-year period encompassing five years before and after listing (FY 2011-12 to FY 2020-21). Key financial dimensions liquidity, solvency, operational efficiency, and asset utilization and profitability were evaluated, with paired-sample t-tests applied to assess differences in mean values across the two periods. The results indicate that profitability ratios (ROE, ROCE, NPM, and OPM) and liquidity measures (CR and QR) showed only marginal, statistically insignificant variations. The company maintained a debt-free structure, underscoring consistent solvency. Notably, a statistically significant increase was observed in the Total Asset Turnover Ratio (TATR), highlighting improved efficiency in asset utilization post-listing. The findings suggest that for venture capital-backed enterprises such as QHTL, stock exchange listing primarily enhances long-term scalability and market credibility rather than serving as a direct catalyst for superior financial performance.
DOI: 10.22271/27084515.2025.v6.i2j.771
Pages: 929-935 | Views: 298 | Downloads: 51
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How to cite this article:
Addanki Anil Kumar, Mamilla Rajasekhar. Financial performance analysis of pre- and post-listing of a venture capital backed company quick heal technologies limited. Asian J Manage Commerce 2025;6(2):929-935. DOI: 10.22271/27084515.2025.v6.i2j.771
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