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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM63936
Volume:
10 |
5 |
May 2026
Pages:
1-16
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
Feroze Gandhi College, Raebaeli
Department of Commerce
Feroze Gandhi College, Raebaeli
The present study analyzes the financial performance of 2 leading companies in Indian Oil and Gas Sector named as Reliance Industries Ltd. And Indian Oil Corporation Ltd. The study aims to evaluate and compare the difference between the Reliance industries ltd. and Indian Oil Corporation Ltd. To evaluate their financial health the researcher used various ratios and statistical tools. This research is based on descriptive and analytical research methodology using secondary data which is gathered from annual reports of both companies. Ratio analysis used for evaluate their performance and statistical tool ANOVA used for comparing the significant difference between the 2 companies. The findings indicates that RIL performed better than IOCL in various financial areas due to its stronger profitability, better liquidity and diversified business operations. On the other hand, IOCL shows lower and unstable financial performance, however, it performs better in asset utilization in creation of sales, but in some are Indian Oil Corporation Ltd. perform better and equivalent to Reliance Industries Ltd. The study concludes that RIL has a stronger and more stable financial position than IOCL, IOCL needs to improve its profitability, liquidity and business diversification to strong its financial strength.
KEYWORDS
A comparative analysis of the financial performance of Reliance industries Ltd. And Indian Oil Corporation Ltd. Clearly reveals significant differences in the financial positions of the two companies over the study period. The findings indicate that RIL consistently outperformed than IOCL due to its diversified business model, strong financial stability, and effective resource management. On the other hand, IOCL’s financial performance was marginally more volatile, primarily due to lower profit margins and limited liquidity, although it performed better overall in some areas. A statistical tool ANOVA confirmed that most investors in the 2 firms are quite different. Overall, the study concludes that RIL has a stronger financial position and shows more stable growth compared to IOCL, while IOCL needs to improve its creditworthiness, liquidity management and business partners to strengthen its position in the Indian OIL and Gas Sector.
1. Ali, A., Alhassun, A., & Fatima, N. (2024). Financial Performance and Total Resources: Trend and sensitivity Analysis of Indian Oil Exploration and Production Companies. Internatonal Journal of Energy Economics and Policy, 14(3), 533-540. https://doi.org/10.32479/ijeep.16189 2. Chakrabarti, S., & Mitra, P. (. (2025). An Empirical Analysis Of Financial Performance Of Public Sector Integrated Refining and Marketing Oil Companies In INDIA. EPRA International Journal of Economic and Business Review-Peer Reviewed Journal, 13(5), 139-152. https://doi.org/10.36713/epra21941 3. Hothur, S., & Reddy, K. J. (2022). Financial Performance Evalution of Selected CPSEs of India Through Dupont Analysis. Indian Journal of Finance, 41-56. https://doi.org/10.17010/ijf/2022/v16i5/169517 4. Sanyal, C., & Banerjee, D. P. (2024). Evaluating the Financial Performance of Retail Oil Distribution Companies in India: A Comparative Study of Public and Private Sectors. International Journal for Multidisciplinary Research (IJFMR), 6(6), 1-9. https://doi.org/10.36948/ijfmr.2024.v06i06.30261 5. Singh, D. (2023). Financial Performance Analysis of Oil and Gas Industry in India: A Case Study of selected Maharatna Companies. International Journal for Research Trends and Innovation, 8(4), 1620-1628. https://www.ijrti.org/viewpaperforall?paper=IJRTI2304267
Publication Date
5/25/2026
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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The authors declare no conflict of interest related to this research work.
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