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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM68660
Volume:
10 |
10 |
Oct 2026
Pages:
1-6
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Department of Commerce
Government Arts and Science College, Idappadi,
The cement industry plays an important role in India’s infrastructure and economic development. Financial performance in this capital-intensive industry is influenced by production costs, energy prices, transportation expenses, demand conditions, capacity utilisation, financing costs and investment decisions. This study compares the financial performance of UltraTech Cement Limited and Shree Cement Limited over five financial years, from 2021–22 to 2025–26. The analysis uses secondary data reported in the underlying project and examines fifteen financial indicators covering liquidity, profitability, solvency, operational efficiency and shareholder performance. Descriptive measures include mean, standard deviation, coefficient of variation and compound annual growth rate (CAGR). The project also reports Welch’s independent-samples t-tests to assess differences between the companies. The reported results indicate that Shree Cement had stronger average liquidity, gross profit margin, lower debt-equity ratio and higher earnings per share, whereas UltraTech recorded stronger operating profit margin, return on equity, return on capital employed, interest coverage and asset/inventory turnover. Statistically significant differences were reported for current ratio, quick ratio, debt-equity ratio, inventory turnover and earnings per share at the 5% level. The findings suggest that neither company outperformed the other across all dimensions. Since the study is based on a five-year period and two purposively selected companies, the results should be interpreted within these limits. The financial figures, calculation methods and source references should be independently verified against the audited annual reports before journal submission.
KEYWORDS
This study compares the reported financial performance of UltraTech Cement Limited and Shree Cement Limited over FY 2021–22 to FY 2025–26 using fifteen financial ratios and descriptive and inferential statistics. The findings indicate different areas of relative strength. Shree Cement recorded stronger average liquidity, gross profit margin, lower debt-equity ratio and higher average EPS. UltraTech recorded stronger operating profit margin, ROE, ROCE, interest coverage, asset turnover and inventory turnover. The project’s reported statistical tests identify differences in current ratio, quick ratio, debt-equity ratio, inventory turnover and EPS, while differences in the other ten ratios were not significant at the 5% level. The overall conclusion is not that one company is universally superior, but that the companies show different financial profiles. UltraTech appears stronger on several operating-efficiency and capital-return measures, while Shree Cement appears stronger on liquidity and lower leverage and reports higher average EPS. These conclusions are provisional until the underlying financial figures, ratio calculations, annual-report sources and statistical tests have been independently verified. A journal submission should include complete references and transparent calculation procedures so that the analysis can be reproduced.
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Publication Date
11/1/2026
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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