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- Title
Effect of Financial Performance on Share Price: A Comparative Analysis of India Bulls Housing Finance Ltd.
- Authors
Hanumantha Rao, P.; Sinha, Ajay Kumar
- Abstract
A company’s share price is expected to move in tandem with its business growth. However, sometimes the share price may not be a true indicator of the firm’s financial performance. The paper considers the case of India Bulls Housing Finance Ltd. (IBHFL), whose shares fell by almost 90% in the last 4 to 5 years. The paper investigates the causes of such a drastic fall and also compares the financial soundness of the firm with its two nearest competitors—Can Fin Homes Ltd. (CFHL) and PNB Housing Finance Ltd. (PNBHFL). The key variables considered are stock prices, Current Ratio (CR), Return on Assets (ROA), Return on Equity (ROE), Debt-Equity Ratio (DER) and Interest Coverage Ratio (ICR). The financial variables are studied over the last five financial years. It is observed that IBHFL faced several qualitative developments along with financial performance which is responsible for the sharp decline in stock prices.
- Subjects
FINANCIAL performance; STOCK prices; HOUSING finance; BUSINESS enterprises; RATE of return
- Publication
IUP Journal of Accounting Research & Audit Practices, 2023, Vol 22, Issue 3, p65
- ISSN
0972-690X
- Publication type
Article