New IJF now accepts submissions exclusively via the Editorial Scholar portal — a dedicated submission & review system.
Go to Editorial Scholar →
Associated Management Consultants Pvt. Ltd. | COPE Member
Scopus Q2 UGC-CARE |
Indian Journal of Finance logo

Indian Journal of Finance

ISSN: 0973-8711 Frequency: Monthly Peer Review: Double-blind Published since: 2007 Language: English
A publication of AMCPL
amcon.co.in
New Delhi, India
Indexed in: Scopus Q2 UGC-CARE Group II Google Scholar J-Gate NISCAIR Crossref

Original Article

Open Access Original Article

Corporate and Financial Strategies of Abhishek Industries Ltd.: A Listed Textile Company of Punjab

Sheenu Gupta1,  Gurcharan Singh2

1 Assistant Professor, Chandigarh University, National Highway 95, Chandigarh-Ludhiana Highway, Sahibzada Ajit Singh Nagar, Punjab - 140 413

2 Professor, Punjabi University, Patiala - 147002, Punjab

Volume 9
Issue 3
Pages 24–37
Year 2015
Received: Feb. 19, 2014 Accepted: Nov. 1, 2014 Published: March 1, 2015
Abstract

The financial success of any company can be attributed to powerful strategies. Long time financial strategies showcase the planning and work-culture being practiced by various companies with respect to their competitors. The present study related and referred to the financial strategies of Abhishek Industries Ltd. (now named as Trident Group) through analysis of its financial data for 10 years (1999-2010). The main objective of the study was to assess the performance of Abhishek Industries Ltd. by using analytical financial tools that can provide an insight into the financial competence of the company and aided in understanding the strengths and weaknesses pertaining to its financial strategies.

Keywords Strategies Expansion Cost Sales Production Value Chain Shareholders Value Market Price and Interest Cost
How to Cite

Sheenu Gupta, Gurcharan Singh (2015). Corporate and Financial Strategies of Abhishek Industries Ltd.: A Listed Textile Company of Punjab. Indian Journal of Finance, 9(3), 24–37. https://doi.org/10.17010/ijf/2015/v9i3/71512

References
  1. Abhishek Industries Limited. (1999-2014). 1999-2014 annual reports. Ludhiana.
  2. Acquaah, M. (n.d). Corporate strategy [Power point slides]. Retrieved from <a href=www.uncg.edu/bae/people/acquaah/491/lecture7.ppt target="_blank">www.uncg.edu/bae/people/acquaah/491/lecture7.ppt</a>
  3. Bhatt, P., & Sumangala, J.K. (2012). Impact of earning per share on market value of an equity share : An empirical study in Indian capital market. Journal of Finance, Accounting and Management, 3 (2), 1-14.
  4. Bicksler, J., & Chen, A.H. (1986). An economic analysis of interest rate swaps. Journal of Finance, 41 (3), 645-655. DOI: 10.1111/j.1540-6261.1986.tb04527.x
  5. Casadesus-Masanell, R., & Ricart, J.E. (2009). From strategy to business models and to tactics (Working Paper 10-036). Retrieved from <a href=http://www.hbs.edu/faculty/Publication Files/10-036.pdf target="_blank">http://www.hbs.edu/faculty/Publication Files/10-036.pdf</a>
  6. Chirgwin, C. (2013). The importance of strategy [web log post]. Retrieved from <a href=http://www. lanspeed.com /blog/entry/the-importance-of-strategy.html target="_blank">http://www. lanspeed.com /blog/entry/the-importance-of-strategy.html</a>
  7. Cîrciumaru, D., Siminică, M., & Marcu, N. (n.d). A study on the return on equity for Romanian industrial companies. Retrieved from <a href=http://feaa.ucv.ro/AUCSSE/0038v2-003.pdf target="_blank">http://feaa.ucv.ro/AUCSSE/0038v2-003.pdf</a>
  8. Damodaran, A. (2007). Return on capital (ROC), return on invested capital (ROIC), and return on equity (ROE): Measurement and implications. Retrieved from <a href=http://people.stern.nyu.edu/adamodar/pdfiles/papers/returnmeasures.pdf target="_blank">http://people.stern.nyu.edu/adamodar/pdfiles/papers/returnmeasures.pdf</a>
  9. Emamgholipour, M., Pouraghajan, A., Tabari, N.A.Y., Haghparast, M., & Shirsavar, A.A.A. (2013). The effect of performance evaluation market ratios on the stock reurn : Evidence from Tehran Stock Exchange. International Research Journal of Applied and Basic Sciences, 4 (3), 696-703.
  10. Hitt, M. A., Ireland, R. D., & Hoskisson, R.E. (2004). Corporate level strategy. Retrieved from <a href=http:// catedradiversificacion.unizar.es / contenidos / publicaciones / Corporate percent 20 Level percent20Strategy.pdf target="_blank">http:// catedradiversificacion.unizar.es / contenidos / publicaciones / Corporate percent 20 Level percent20Strategy.pdf</a>
  11. Isaksen, J. R., Dreyer, B., & Gronhaug, K. (2007). Vertical integration and performance : The impact of measurements and industry. Retrieved from <a href=http:// munin.uit.no /bitstream / handle /10037/2546/paper_3.pdf?sequence=2 target="_blank">http:// munin.uit.no /bitstream / handle /10037/2546/paper_3.pdf?sequence=2</a>
  12. JCR-VIS. (2010). Textile industry sector update- June 2010. Retrieved from <a href=http://www.jcrvis.com.pk/Images/TextileSectorUpdate.pdf target="_blank">http://www.jcrvis.com.pk/Images/TextileSectorUpdate.pdf</a>
  13. Kabajeh, AL Nu'aimat, S. M.A., & Dahmash, F.N. ( 2012). The relationship between the ROA, ROE and ROI ratios with Jordanian insurance public companies market share prices. International Journal of Humanities and Social Science , 2 (11), 115-120.
  14. Khan, M.Y., & Jain, P.K. (2006). Management accounting. New Delhi : Tata McGraw Hill.
  15. Kupiec, P., & Lee, Y. (2012). What factors explain differences in return on assets among community banks? Retrieved from <a href=http://www.fdic.gov/regulations/resources/cbi/report/cbi-roa.pdf target="_blank">http://www.fdic.gov/regulations/resources/cbi/report/cbi-roa.pdf</a>
  16. Liu, Z. (2010). Strategic financial management in small and medium-sized enterprises. International Journal of Business and Management, 5 (2), 132-136. DOI: 10.5539/ijbm.v5n2p132
  17. Markgraf, B. (n.d). Describe the three levels of strategy for a single-business company. Retrieved from <a href=http://smallbusiness.chron.com/describe-three-levels-strategy-singlebusiness-company-23508.html target="_blank">http://smallbusiness.chron.com/describe-three-levels-strategy-singlebusiness-company-23508.html</a>
  18. Mintzberg, H. (1994). The rise and fall of strategic planning. USA : Simon and Schuster.
  19. Mirfakhr - Al - Dini, S. H., Dehavi, H. D., Zarezadeh, E., Armesh, H., Manafi, M., & Zraezadehand, S. (2011). Fitting the relationship between financial variables and stock price through fuzzy regression case study : Iran Khodro Company. International Journal of Business and Social Sciences, 2 (11), 140-146.
  20. Porter, M. (1986). Competitive strategy. Boston : Harvard Business School Press.
  21. Rappaport, A. (1998). Creating shareholders value. New York: The Free Press.
  22. Riley, J. (2012, September 23). Production-economies of scale. tutor2u. Retrieved from <a href=http: // www. tutor2u.net /business/gcse/production_economies_of_scale.htm target="_blank">http: // www. tutor2u.net /business/gcse/production_economies_of_scale.htm</a>
  23. Singh, J., & Yadav, P. (2013). Return on capital employed : A tool for analyzing profitability of company. International Journal of Techno-Management Research, 1(1), 1-13.
  24. Titman , S. (1992). Interest rate swaps and corporate financing choices. Journal of Finance, 47 (4), 1503-1516. DOI: 10.1111/j.1540-6261.1992.tb04667.x
Editorial Scholar

Submit your Research to IJF

Submit your Manuscript → Author Guidelines