A COMPARATIVE FINANCIAL ANALYSIS OF LEADING SUGAR COMPANIES IN INDIA

The sugar industry is one of the most important agro-based industries in India, playing a vital role in economic development. India is the second-largest producer of sugar in the world, and the sector directly supports millions of farmers involved in sugarcane cultivation. The industry also provides employment to a large number of workers in rural and semi-urban areas, making it a significant contributor to socio-economic development. This study examines the financial performance of three major sugar companies: Bajaj Hindusthan Sugar Ltd, Dalmia Bharat Sugar and Industries Ltd, and EID Parry (India) Ltd. The research aims to analyse and compare their financial performance using key financial ratios such as the asset turnover ratio, current ratio, and net profit margin ratio. The findings indicate that while there is no significant difference in the asset turnover ratio and net profit margin among the selected companies, there is a significant difference in their current ratios, highlighting variations in liquidity management. The study provides insights into the financial health of these companies and emphasizes the need for efficient working capital management to ensure sustainability in the highly competitive sugar industry.