Evaluating the Long-term Financial Stability of Selected Tea Companies in India
Year: 2025
Type: article
Abstract: Tea was heavily advertised to all sections of Indian society. Tea is an agro-based commodity and is subjected to varieties of nature. Despite adverse agro climatic condition experienced in tea growing areas in many years, Indian tea plantation industry is able to maintain substantial growth in relation to volume of Indian tea production during the last one decade. Indian tea exports have been competing strongly in the international markets and has been able to create a niche for itself. The study is taken to study the long-term financial stability of three selected tea companies-Harrisons Malayalam Ltd., Dhunseri Tea Ltd., and Neelamalai Agro Ltd. covering their Debt Equity Ratio, Interest Coverage Ratio and debt to asset ratio for the period from 2013-14 to 2022-23 using ratio analysis. The study concludes that there is difference in the financial strategies and stability of these companies.
Authors: Dr. R. K. Patel, B. J. Barot
Institution: Gujarat University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6893284157
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