2018, Vol. 1, Issue 2

Design/Methodology: The total 534 Indian manufacturing companies considered for this study and grouped into various industries. Study period started from 1999-2000 to 2017-2018 financial years. Descriptive analysis including t-test is used in research to compare and access traditional financial performance measures of Indian manufacturing industries.

Findings: Financial performance measured by traditional accounting-based financial performance measures exhibits sound financial health of Indian manufacturing companies. Though, the financial performance decreases in 2007-2008 but afterward sample companies able to revive the sound financial vitality. Some industries outperform the other as well as aggregate sample companies’ vis-à-vis traditional financial performance measures. The average matrices of industries presents mix results as some are not significantly different whereas, some are significantly different.

Originality: This is the first paper which examines the comparison and accessibility of the Traditional Financial Performance Measures in Indian manufacturing industries.