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


Jia Jain, Dr. Komal Tolani
Department of 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
Journal Name :
EPRA International Journal of Economics, Business and Management Studies (EBMS)

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Published on : 2026-04-23

Vol : 13
Issue : 4
Month : April
Year : 2026
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