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Paper ID:10.55041/IJSREM58577

A Study on Financial Planning and Analysis of Paragon Polymer Products Private Limited, Salem

Stream/Area:

-

Subject:

-

Paper ID:

10.55041/IJSREM58577

Volume:

10 |

3 |

Mar 2026

Pages:

Publication Frequency:

Monthly (12 issues per year)

DOI
Digital Object Identifier
10.55041/IJSREM58577

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.

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SC

Siva C

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Abstract

This study examines the Financial Planning and Analysis (FP&A) of Paragon Polymer Products Private Limited, Salem, a leading Indian footwear manufacturer. The research covers five years from 2020-21 to 2024-25 using secondary data from annual reports. Tools including ratio analysis, comparative balance sheet, trend analysis, and Pearson’s correlation were applied to assess liquidity, profitability, solvency, and efficiency. Key findings reveal a declining current ratio (1.48 to 1.31), a significantly improving debt-equity ratio (3.19 to 1.58), rising working capital turnover (4.10 to 7.89), and strong net sales growth from Rs. 351.80 Crore to Rs. 707.77 Crore. A strong positive inventory-debtor correlation (r = 0.84) was established. The study concludes that the company’s overall financial performance is satisfactory, with strategic focus on working capital management and continued deleveraging recommended for sustained growth.

KEYWORDS

Financial Planning FP&A Ratio Analysis Paragon Polymer Liquidity Profitability Working Capital Trend Analysis Footwear Industry Salem Correlation.

Cite This Article

Siva C, "A Study on Financial Planning and Analysis of Paragon Polymer Products Private Limited, Salem," International Journal of Scientific Research in Engineering and Management, vol. 10, no. 3, Mar 2026. https://doi.org/10.55041/IJSREM58577

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Publication Date

3/30/2026

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