Bioenergy Generating Firms of Andhra Pradesh & Telangana State – Are They in Revivial Stage? (A Comparative study of Working Capital Management)
Sayyad Saadiq Ali1, K. Hema Divya2
1Sayyad Saadiq Ali, Research Scholar, Department of Commerce & Management, Koneru Lakshmaiah Education Foundation, Green Fields, Vaddeswaram, Guntur (Andhra Pradesh), India.
2Dr. K.hema Divya, Associate Professor, Department of Commerce & Management, Koneru Lakshmaiah Education Foundation, Green Fields, Vaddeswaram, Guntur Guntur (Andhra Pradesh), India.
Manuscript received on 18 April 2019 | Revised Manuscript received on 25 April 2019 | Manuscript published on 30 April 2019 | PP: 1717-1721 | Volume-8 Issue-4, April 2019 | Retrieval Number: D6090048419/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Social responsibility, eco-balance, green house effect are the next step concepts for bioenergy generating firms in Indian power context. The primary question in front of society and government is that ‘will they bring back to revival state?’ On the other hand the urgency for utility of non-conventional energy sources has been growing dominantly in nature. As bioenergy is the suitable replacement for traditional energy (fossil fuel energy) in countries like India, government involvement, awareness and education for entrepreneurs are very important aspects to make the bioenergy industry as perfect alternate to traditional energy generating methods. In this paper the analysis of working capital management of four bioenergy generating firms of Andhra Pradesh and Telangana States has been carried out with the help of several meaningful ratios. The results indicting that except Jyoti Bio Energy Limited, other firms need to decrease their debt content in capital structure and hence to reduce their interest payments to make their working capital positive. The firm Jyoti Bio Energy Limited needs to increase its debt content in its overall capital structure so as to increase the financial leverage and hence to increase its profits
Keywords: Current Ratio, Quick Ratio, Current Assets, Current Liabilities and Working Capital Turnover Ratio
Scope of the Article: Bioinformatics