Resilience in the Indian Steel Industry: a Strategic and Comparative Financial Ratio Assessment of Tata Steel Vs. Jindal Steel and Power During the Pre-pandemic and Pandemic Eras
Year: 2025
Type: article
Abstract: The steel industry, linchpin of India's industrial growth and economic progress, plays a vital role in supporting the infrastructure development and broader societal advancement. In this context, performance analysis emerges as an indispensable tool for evaluating corporate resilience, particularly during periods of economic upheaval. This study undertakes a comparative assessment of two leading giants in Indian steel market, especially from private-sector steel manufacturers — Tata Steel and Jindal Steel—with the core objective of analysing their financial and operational performance across two distinct periods: the pre-global pandemic era and the pandemic phase. Utilizing a full-framework of multi-year dataset, the research applies a Comprehensive Ratio Analysis framework to key financial dimensions, including liquidity, solvency, capital structure, and capital efficiency. The findings of the study underscore a significant-variations in strategic adaptability and financial robustness between the two companies, offering critical insights into their capacity to withstand and recover from external shocks. This study not only provides a nuanced understanding of management behaviour under crisis conditions but also yields valuable implications for investors, policymakers, and industry stakeholders. It reinforces the essential role of strategic financial planning and sustainable growth models in ensuring long-term stability and competitive advantage amidst global uncertainty. Keywords: Performance Analysis, Financial Resilience, Steel Industry, Tata Steel, Jindal Steel, COVID-19 Impact, Ratio Analysis, Liquidity, Solvency, Capital Structure, Capital Efficiency, Strategic Financial Planning, Operational Performance, Private Sector, Economic Uncertainty
DOI: 10.36713/epra21203
Author: Akashdeep Datta
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409723664