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International Journal of Trade & Commerce-IIARTC
Impact Factor (IF):5.135 (COSMOS), IF:7.249 (ISRA), IF:3.721 (ISI)
ISSN:2277-5811 (P), ISSN:2278-9065 (O)
Frequency: Half Yearly
A Comparative Analysis of Financial Performance of HCL and MINDTREE
This research article presents statistical analysis of the financial performance of two IT firms, HCL & MINDTREE based on its yearly financial reporting for the specified time frame of 2017-2018 to 2021-22. The study aims to assess the liquidity, profitability, capital structure, and working capital situation of both IT companies. The T-test is employed in this study to conduct a comparative examination of both companies. The analysis demonstrates that (1) Due to higher use of outside debt it has raised the interest load on MINDTREE and thus leads to unsatisfactory scenario. (2) It has also been determined that the liquidity situation is below the allowed level due to an increase in current obligations. (3) The capital structure of MINDTREE indicates a greater reliance on external financing as opposed to issuing stocks. Wipro is advised to grow internal debt, increase production levels, control operating costs, and implement a forward integration plan in order to expand the market.
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Author:Pratik J. Shukla*
Abstract:This research article presents statistical analysis of the financial performance of two IT firms, HCL & MINDTREE based on its yearly financial reporting for the specified time frame of 2017-2018 to 2021-22. The study aims to assess the liquidity, profitability, capital structure, and working capital situation of both IT companies. The T-test is employed in this study to conduct a comparative examination of both companies. The analysis demonstrates that (1) Due to higher use of outside debt it has raised the interest load on MINDTREE and thus leads to unsatisfactory scenario. (2) It has also been determined that the liquidity situation is below the allowed level due to an increase in current obligations. (3) The capital structure of MINDTREE indicates a greater reliance on external financing as opposed to issuing stocks. Wipro is advised to grow internal debt, increase production levels, control operating costs, and implement a forward integration plan in order to expand the market.
Keywords:Key Words: Financial performance, IT companies, Ratio analysis, T test.
DOI:10.46333/ijtc/12/2/17
International Journal of Trade & Commerce (Vol: 12 Issue:2)
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