An Empirical Study on Effect of Profitability and Market Value Ratios on Market Capitalization of Infrastructural Companies In India
Journal Title: GJRA-Global Journal For Research Analysis - Year 2015, Vol 4, Issue 5
Abstract
Market Capitalization represents the combined value of a company’s stock. The present study is focused to find an effect of profitability ratios and market value ratios on market capitalization. Thus, the objective of the study is to know one of the internal measures, which can influence the market capitalization of Indian infrastructural companies. To examine market capitalization is taken as a dependent variable and the profitability ratios (GPM, NPM, ROCE, ROE and RONW) and market value ratios (EPS, PER and DPR) variables are selected as independent variables. Sample of 23 listed infrastructural companies of CNX Infrastructure Index have been taken for the study. The period of the study is 5 years (F.Y. 2009-10 to F.Y. 2013-14). The study reveals that there is positive relationship between market capitalization and profitability ratios of selected infrastructural companies during the period. Result shows that there is significant relationship between ROCE, ROE and EPS with Market Capitalization.
Authors and Affiliations
Dr. Hanuman Prasad, Kapil Shrimal
Keywords
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