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Pre Disinvestment & Post Disinvestment Financial Analysis of Oil and Gas Company in India”

Sumeet Gupta, Sharad Srivastava

Abstract


Disinvestment of minority share of PSU have become one of the important medium of raising revenue for the government. The government wanted to reduce its fiscal deficit by doing disinvestment of public sector enterprise. It is believed that operating performance and efficiency of Public sector enterprise gets improved after the post disinvestment period. There are many public sector enterprise whose financial performance got improved after the disinvestment.

The prime focus of the study is to examine:

  • Why there is a need for disinvestment of public sector enterprise      such as ONGC and IOCL.
  • The impact of disinvestment on the financial and operating      performance on pre disinvestment as well as on post disinvestment period.

 In this study financial performance will be measured e.g.  Profitability ratio, efficiency ratio, liquidity ratio, & leverage and ratio for perspective investor. The financial performance will be used to access whether there is any impact of disinvestment on company’s performance of Oil and Natural Gas Corporation Ltd. & Indian Oil Corporation Ltd.  


Keywords


Pre Disinvestment, Post Disinvestment, Liquidity

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References


• www.divest.nic.in

• www.ongc.com

• www.iocl.com

• www.moneycontrol.com

• www.scribd.com

• http://www.bsepsu.com/arguments-disinvestment.asp

• http://articles.economictimes.indiatimes.com/2013-08-25/news/41446056_1_9-33-crore-shares-stake-sale-ntpc-ofs

• http://www.capitalmarket.com/CMEdit/SFArtDis.asp?SFSNO=763&SFESNO=7

• http://www.thehindubusinessline.com/markets/stock-markets/lic-picks-up-377-cr-shares-in-ongc/article2963336.ece


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