The Study of Financial Performance of IFFCO Limited-A Comparative Analysis with the Fertilizer Industry

Abstract

Financial performance is a familiar word in today's financial literacy world, be it in the perspective of management, owners, lenders or a general investor. Financial Decisions pertaining to planning and control must be made on the basis of financial performance. Hence, it enables the management to make all financial decisions. Indian Farmers Fertilizers Co-operative Limited popularly known as IFFCO, stands as a leading player by working on a cooperative motto of India's fertilizer industry and is providing substantial support to empower the efforts of Indian Government in increasing food grain production. IFFCO emerged as a pioneer venture on the horizon of fertilizer production and, marketing with the objective of attaining self-sufficiency in food grain production. The present paper focuses on operational control, profitability and solvency etc. In the light of strategic importance for contribution to the economic growth, it is necessary to evaluate the financial performance of IFFCO Limited.