Financial performance evaluation of seven Indian chemical companies
Financial appraises creates a prominent media for giving advice in the expansion, development of any society as well as its role in forbearance and stamina in depletion and recession. Obviously, manufacturing units have a main role in the development and progress of modern India. Indian economic relied on agricultural activities but industries also provide a prominent booster for the economic cycle. The current empirical study investigated the 7 Indian chemical companies in terms of financial aspect using ratio analysis, Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS), COmplex PRoportional ASsessment (COPRAS) and Data Envelopment Analysis (DEA) along with weighing systems of equal weighing, Entropy Shannon and Friedman test as the objective of research during 2010 to 2018. By the way, present research resulted in weighing and ranking of above-named industries in three classes. The weighing systems of Friedman test and Entropy Shannon were revealed a relatively linear scatter plot with no significant differences between values. DEA model had distinguished and classified the efficient companies based on rank values.
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