PROFITABILITY ANALYSIS OF SELECTED PHARMACEUTICAL COMPANIES IN INDIA
Peer Reviewed Journal International Journal of Multidisciplinary Research Review
The pharmaceutical industry is important because it is a major source of medical innovation. The Indian pharmaceuticals market is the third largest in terms of volume and thirteenth largest in terms of value, as per a report by Equity Master. Branded generics dominate the pharmaceuticals market, constituting nearly 70 to 80 per cent of the market. India enjoys an important position in the global pharmaceuticals sector. The country also has a large pool of scientists and engineers who have the
... eers who have the potential to steer the industry ahead to an even higher level. Profit is the engine that drives the business enterprise. There should be enough profits to every firm or business enterprise to survive and grow in long run. Profitability means ability to make profits from all the business activities of an organization, company, firm, or an enterprise. it shows how efficiently the management can make profit by using all the resources available in the market. In this research paper, 9 Pharmaceutical companies in India which are enlisted in the sectoral index of NSE CNXPHARMA have been selected. The main objective of this research paper is to analyse the Profitability position of the selected Pharmaceutical companies for last ten years (2005-2015).Our study is based on secondary data. Profitability position is analyzsed by using different profitability ratios and ANOVA of selected Pharmaceutical companies. Through ANOVA, differences in the mean percentages of any ratio of the selected Pharmaceutical companies can be traced.