International Journal For Multidisciplinary Research

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Evaluating the Financial Performance of Retail Oil Distribution Companies in India: A Comparative Study of Public and Private Sectors

Author(s) Chinhita Sanyal, Dr. Pradipta Banerjee
Country India
Abstract This study examines the financial performance of public and private sector retail oil distribution companies in India from 2013 to 2023. The research focuses on two hypotheses: first, that private sector companies (RIL and Nayara Energy) demonstrate superior profitability metrics (ROCE, ROA, ROE) compared to public sector counterparts (BPCL, HPCL, IOCL) due to operational flexibility and market-driven strategies; and second, public sector companies exhibit
lower financial leverage (Debt-Equity Ratio) reflecting conservative financial management and government oversight. Statistical tools such as ANOVA were employed to analyse ten years of financial data, revealing significant differences in profitability metrics favouring private-sector companies, and lower financial leverage among public-sector entities. These findings provide investors, policymakers, and stakeholders valuable insights in understanding sectoral dynamics and making informed decisions. The study contributes to the existing literature by illustrating distinct financial strategies and performance trends within India's retail oil distribution sector, crucial for strategic planning and regulatory frameworks in the energy industry.
Keywords Retail Oil Distribution, Public Sector, Private Sector, Financial Performance, Profitability Metrics, ROCE, ROA, ROE & Debt-Equity Ratio etc.
Published In Volume 6, Issue 6, November-December 2024
Published On 2024-11-12
Cite This Evaluating the Financial Performance of Retail Oil Distribution Companies in India: A Comparative Study of Public and Private Sectors - Chinhita Sanyal, Dr. Pradipta Banerjee - IJFMR Volume 6, Issue 6, November-December 2024. DOI 10.36948/ijfmr.2024.v06i06.30261
DOI https://doi.org/10.36948/ijfmr.2024.v06i06.30261
Short DOI https://doi.org/g8qtjz
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