Financial Management Analysis of Profitability of Selected Industries in India : Empirical Research Findings

The purpose of this paper is to study the profitability of the 166 non-financial companies of the BSE 200 index with particular emphasis on a pre- and post-recession analysis for the period 2001-2011 with an attempt to link the profitability with the liquidity of the sample firms. The study covers virtually all the major aspects of financial management, viz., capital budgeting, capital structure, dividend policies, working capital, corporate governance, global finance and risk management. To the best of the authors' knowledge an analysis of the impact (if any) of the recent recession on profitability for such a large sample has not been undertaken