Research Paper
Year: 2023 | Month: August | Volume: 10 | Issue: 8 | Pages: 1110-1116
DOI: https://doi.org/10.52403/ijrr.202308139
A Study on Financial Performance of Selected Co-Operative Sugar Companies of Gujarat
Ajay G. Purani
Research Scholar, OPJS University, Churu, Rajasthan
ABSTRACT
The sugar business is a significant part of the agricultural sector that has an effect on the way of life in rural areas for over 50 million sugarcane growers and approximately 5 lakh workers who are directly employed in sugar mills. As of the 31st of July, 2017, the country has a total of 732 operational sugar factories, each of which had adequate crushing capacity to generate around 339 lakh MT of sugar. The capacity is more or less split evenly between the units that belong to the private sector and the units that belong to the cooperative sector. The objective of the study was to investigate the profitability of sugar cooperatives located in the state of Gujarat. The sugar business is fundamentally unstable, and it engages in the commercial exploitation of rural resources in order to satisfy the demand for sugar while simultaneously producing surplus energy in order to satisfy the growing need for energy. For the purpose of this investigation, three cooperative businesses situated in Gujarat were chosen. In this study, an analysis was performed using the financial data of three different co-operative sugar enterprises for the years 2016–2017 through 2020–21. In order to conduct an examination of the financial data of three different co-operative sugar businesses, the techniques of ratio analysis and Anova testing were utilised.
Keywords: Sugar Industry, Financial Ratio, Analysis .
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