Financial performance ranking of automotive companies in India using TOPSIS method

Santosh Kumar Yadav and Rohit Kapoor

International Journal of Business Excellence, 2018, vol. 16, issue 2, 149-161

Abstract: The automotive industry is the fastest growing industries in India. It contributes 7.1% of the country's gross domestic product (GDP) in Indian market by IBEF reports. This research has examined the financial performance ranking of the automotive industry using technique for order preference by a similarity to ideal solution (TOPSIS) method. The primary objective of this paper is to: 1) calculate weight value of each financial ratio; 2) provide ranks to each alternative (automotive companies) using TOPSIS method. The period for assessment of automotive industry was from 2012 to 2016 and results indicate each year's automotive performance ranking. The results showed that MRF has the highest ranking in the years 2012, 2013, 2015 and 2016 and Eicher Motors in 2014. Every year different automotive firms had the lowest ranking.

Keywords: automotive; financial performance; TOPSIS; entropy; India. (search for similar items in EconPapers)
Date: 2018
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