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A COMPARATIVE EVALUATION OF FINANCIAL PERFORMANCE OF LEADING INDIAN IT COMPANIES USING RATIO ANALYSIS

📘 Volume 13 📄 Issue 4 📅 April 2026

👤 Authors

Jia Jain, Dr. Komal Tolani 1
1. Department of Commerce, Commerce, St. Xavier’s College (Autonomous) Ahmedabad, Gujarat, India

📄 Abstract

This study examines the financial performance of selected Indian IT companies—TCS, Infosys, Wipro, and HCL Technologies, using ratio analysis over the period 2023–24 to 2024–25. The main objective of the study is to analyse and compare the profitability, liquidity, solvency, and efficiency of the selected companies. The study is descriptive in nature and based on secondary data which has been collected from the published annual reports and moneycontrol.com. Using key financial ratios like Current Ratio, Net Profit Ratio, ROCE, Debt-Equity Ratio and Earnings Per Share (EPS), the analysis has been conducted. The findings reveal strong liquidity and low financial risk across all companies, TCS stands out as the most consistent and efficient performer, while HCL shows steady growth and stability. Wipro reflects gradual improvement, whereas Infosys experiences some fluctuations. Overall, the study highlights differences in performance and offers useful insights for investors and decision-makers.

🏷️ Keywords

Financial Performance IT Sector Ration Analysis Liquidity Solvency

📚 How to Cite:

Jia Jain, Dr. Komal Tolani , A COMPARATIVE EVALUATION OF FINANCIAL PERFORMANCE OF LEADING INDIAN IT COMPANIES USING RATIO ANALYSIS , Volume 13 , Issue 4, April 2026, EPRA International Journal of Economics, Business and Management Studies (EBMS) ,

🔗 PDF URL

https://cdn.eprapublishing.org/article/202604-07-027274.pdf

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