Evaluating the financial health of Cairn India:  A case study of the Barmer operations

Rupam kumari; Surendra kumar kulshrestha

Evaluating the financial health of Cairn India: A case study of the Barmer operations

Author(s)	Rupam kumari, Surendra kumar kulshrestha
Country	India
Abstract	Cairn India, a subsidiary of Vedanta Resources Limited, is a key player in India's oil and gas industry. Among its numerous ventures, Cairn India’s operations in Rajasthan's Barmer district stand out as a cornerstone of its success. The discovery of one of India's largest onshore oil fields in Barmer in 2004 has transformed the region into a hub of oil and gas production, fueling both the company’s growth and the local economy. This study provides an in-depth analysis of Cairn India's financial health from 2007-2020, focusing on key financial metrics such as revenue, profitability, assets, liabilities, and cash flows. Operating in Rajasthan's Barmer district, Cairn India has played a crucial role in the region's economic landscape. The primary objective of this research is to evaluate the company's year-over-year financial patterns to gain insight into its future performance, utilizing multivariable data analysis and statistical techniques. Data were sourced from credible secondary sources, including reports from the Directorate of Economics and Statistics, Rajasthan's Economic Surveys, and other official publications. The analysis employs a semi-log model to examine the company’s financial trajectory, revealing slight negative growth in revenue and gross profit, although these declines are not statistically significant, signaling stability rather than a major downturn. The company’s significant growth in non-current assets reflects its long-term investment strategy, but a rapid rise in total liabilities raises concerns about its increasing debt burden. Cash flows across operations, investing, and financing activities show stagnation, further underscoring financial challenges. The study highlights the need for Cairn India to manage its debt levels, improve operational efficiency, and explore revenue diversification, particularly in renewable energy, to ensure sustainable growth and financial resilience amidst evolving market conditions.
Keywords	Revenue, Profit, Loss,Assets, Liabilities, Equity, Cash flow.
Field	Sociology > Economics
Published In	Volume 7, Issue 1, January-February 2025
Published On	2025-01-29
Cite This	Evaluating the financial health of Cairn India: A case study of the Barmer operations - Rupam kumari, Surendra kumar kulshrestha - IJFMR Volume 7, Issue 1, January-February 2025.

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Evaluating the financial health of Cairn India: A case study of the Barmer operations

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