A STUDY ON FINANCIAL STATEMENTS OF AMUL DAIRY

Abstract

Finance is concerned with money and the means in which it is used. The types of financing are debt, equity and the integration of both. Financial Statement analysis is an operation of analyzing the financial transactions in order to ascertain the performance and efficiency. Financial statements are official record of financial activities of the business and other entities which provides an overview of the business’s financial position in both short and long term. They give precise picture of the company’s position and operating results in a concise form. The financial statements are used by the company executives and investors as a management tool. Financial statements provide useful information to the investor and creditors to make credits. Analysis and interpretation of financial statements helps in ascertaining the company’s profitability, liquidity position, long term and short term solvency of the firm. To analyze the financial statements, tools like liquidity ratios and solvency ratios are used. Ratio analysis proclaims whether the company is progressing well or declining in the previous years. Comparison of different aspects of a firm can effectively be done by ratios. The objective of the study is to analyze and evaluate various financial statements of Amul Dairy. Amul is an Indian cooperative dairy company with the headquarters situated in Anand, Gujarat. The products sold are Fast Moving Consumer Goods. The secondary data obtained from the financial statements, books and journals have been used for the study. This study is to find the company’s financial performance for the period from 2014 to 2019 only.