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@article{169095,
        author = {Dr. R. GOWRI},
        title = {A STUDY ON DETERMINANTS OF PROFITABILITY OF LARGE SCALE PAPER COMPANIES IN TAMIL NADU},
        journal = {International Journal of Innovative Research in Technology},
        year = {2024},
        volume = {11},
        number = {6},
        pages = {507-510},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=169095},
        abstract = {Paper companies play a vital role in the global economy, producing a wide range of products. These companies  adopting eco-friendly sources of raw materials and reducing carbon footprints. In Tamil Nadu, Paper companies significantly contribute to local economies by providing employment and supporting relating industries. The present study is aimed at determining profitability of paper companies in Tamil Nadu. The Profitability of paper companies are severely affected by various problems such as high cost of production, acute shortage of working capital, uncertainties in availability of raw materials, non-repayment of loans and interest and absolete technology. It is found that there is an increase in leverage, liquidity and inventory turnover ratio of SPB,   the profitability is declined by –0.012, -0.100 and -0.004 units respectively, which is insignificant. There is high degree of negative association with ROCE. But in case of TNPL, the fixed assets turnover ratio is the strongest determinant of profitability followed by operating ratio which is found at 5% and 1% level of significance. Hence the impact of selected variables on profitability viewed positive associations with ROCE. These companies should try to utilize their assets efficiently will increase the profitability and market value of shares.},
        keywords = {GRS-Growth rate of sales, LEV-Leverage (Debt Equity Ratio), ITR-Inventory turnover ratio,  ROCE-Return on capital employed.},
        month = {November},
        }