Financial Performance Ranking of Oil and Gas Companies In India Using TOPSIS Method

Yadav, Santosh and Kapoor, Rohit and Dhaigude, Amol Subhash (2016) Financial Performance Ranking of Oil and Gas Companies In India Using TOPSIS Method. International Journal of Applied Business and Economic Research, 14 (6).

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This paper analyzes the financial performances of oil and gas companiesusing Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) method. Financial ratios of the oil and gas companies were calculated for each and every company separately. The computed ratio was transformed to show the performance rankings of oil and gas companies by using entropy and TOPSIS method. Ranking of the companies was done by arranging according to their performance. The time period for assessment of oil and gas companies was from 2011 to 2015 and results show each year’s company performance ranking. The result showed that Hindustan Ltd. has the highest ranking in the year 2011, BPCL for the year 2012, Gail Ltd. for the year 2013, and in the last two years Petronet had the highest ranking. Every year different companies had the lowest ranking.

Item Type: Article
Uncontrolled Keywords: Performance Measurement; Financial Ratios; TOPSIS Method; Oil and Gas Companies; India
Divisions: Finance and Strategy
Depositing User: Ms. Sachitha R
Date Deposited: 11 Sep 2018 06:01
Last Modified: 14 Feb 2019 06:16

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