A study on profitability analysis of selected steel companies in India

India is among the top producers of all forms of steel in the world. Easy availability of low cost manpower and presence of abundant reserves make India competitive in the global setup. Finance is regarded as the life blood of a business. It is one of the foundations of all kinds activities. Management is interested in evaluating every activities of the firm. Profitability refers to the operational efficiency of a company to generate profits. It is the net result of all the policies and decision taken by the company. A company should earn profit to survive and grow over a long period of company depends on its profitability, the secondary data were used for this study and analysed the data by using of Mean, SD, ANOVA and correlation Student t-test finally it conclude that selected companies are maintained similar level in NP and OP ratioby ‘t’ test, there is no correlation among SAIL to TATA and Bhushan to JSW of NP ratio and SAIL to TATA and SAIL to TATA and Bhushan to JSW of OP ratio and in ANOVA test, there is no significant difference in the ROI of SAIL, TATA, Bhushan, VISA, & JSW