Tool Development toward Corporate Economic Health

Analysis: A Case Theoretic Perspective

Authors: - Sandesh Kolhe S. Chaudhuri

LITERATURE REVIEW*

Authors Year Country Context Key Findings

Non-profit Developed a model for financial performance analysis for

Abraham, A. 2004 Australia
organizations non-profit organizations.

Identified revenue growth, asset turnover, and financial

Al-Jafari, M.K. & Industrial
2015 Oman leverage as the most important factors affecting profitability
Al Samman, H. companies
of industrial companies in Oman.

Allen, A.J., Shaik, S., Found that working capital management is positively
United
Myles, A.E. and 2011 Class railroads associated with profitability of class I railroads in the United
States
Yeboah, O.A. States.

United Corporate Developed a financial ratio-based model for predicting

Altman, E.I. 1968
States bankruptcy corporate bankruptcy.
 LITERATURE REVIEW TO BE CONTD…

Applied factor analysis to financial ratios of international

Ali, H.F. and Charbaji, Commercial
1994 International commercial airlines to identify the most important factors
A. airlines
affecting profitability.

Chen, Y.S., Chen, L.-H. Found that financial factors are positively associated with
2001 Taiwan Productivity
and Liaw, S.-Y. productivity in Taiwan.

Baños-Caballero, S., Small & medium-

Found that working capital management is negatively
García-Teruel, P.J. and 2012 Spain sized enterprises
associated with profitability of SMEs in Spain.
Martínez-Solano, P. (SMEs)

Information &
Conducted a financial analysis of the information and
Bhargava, P.D. 2017 India technology
technology industry in India.
industry
 LITERATURE REVIEW TO BE CONTD…

Bhunia, A., Mukhuti, Conducted a financial performance analysis of a company in

2011 India Case study
S.S. and Roy, S.G. India.
Applied principal component analysis to financial statements
Masimba Mbona and China telecoms
2019 China of Chinese telecoms companies to identify the most important
Kong Yusheng industry
factors affecting their financial performance.
Proposed economic and mathematical models for conducting
Industrial
Alex Borodin et al. 2022 Russia factor financial analysis of the prospects for the development
enterprise
of an industrial enterprise.
H. Kent Baker, Satish
United Conducted a bibliometric analysis of the IRFA journal to
Kumar, Kirti Goyal, 2021 IRFA Journal
States identify its key topics and contributors.
and Anuj Sharma
Business
correspondent Used financial Modeling to analyze the sustainability of the
Shigeta Hena Uzma 2019 India
model of financial business correspondent model of financial inclusion in India.
inclusion
 RESEARCH METHODOLOGY

Incorporating historical financial data from diverse sources such as stock screeners, articles, and websites
enriches financial models by blending quantitative and qualitative data, enhancing accuracy and reliability.
The integration of secondary data in Financial Modeling is a standard practice, amplifying the depth and
robustness of analyses.

Objectives: -
1) To frame a financial model to analyze financial health of the companies and to forecast the future growth
of the companies.
2) To asses the current health and predict the future financial performance of Indian oil sector analysis.
 DATA ANALYSIS AND DATA INTERPRETATION

1) Reliance Industries Microsoft Excel

Worksheet

2) Hindustan Petroleum Corporation Limited Microsoft Excel

Worksheet

3) Bharat Petroleum Corporation Limited Microsoft Excel

Worksheet

4) Indian Oil Corporation Limited

Microsoft Excel
Worksheet
PEER COMPARISON OF FOUR COMPANIES

 Reliance's diversified portfolio and technological innovation provide a strong foundation for sustainable growth,
attracting investor interest.
 HPCL and BPCL's commitment to efficiency enhancement initiatives contributes to improved profitability,
positioning them as compelling investment options.
 IOCL's growth potential faces relatively constrained prospects due to a combination of factors including
government policies, global oil prices, and market dynamics, warranting cautious investor consideration.
CONCLUSION AND WEB REFERANCES

 https://www.ril.com/

 https://www.hindustanpetroleum.com/

 http://www.bharatpetroleum.in/

 https://www.screener.in/

 https://iocl.com/

 https://iriscarbon.com/using-financial-statement-analysis-to-evaluate-industry-and-competitor-performance/