• Archana Agarwal
• DR.P.Santhi

Financial Analysis is important to ascertain the current and future financial health of a company. For assessment of financial health of a company, its liquidity position, measurement of profitability and leverage needs to carried out. India is the third largest consumer of Petroleum in the world and the Oil sector plays a major role in influencing decision making for all other important sectors of the economy. The study aims at predicting financial soundness of select public sector companies in Oil sector in India, through comparative analysis of financial health. The Companies have been selected on the basis of line of business in which they are engaged in such as refining and marketing of oil products namely Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited in public sector. The analysis is based on the secondary data collected from the Capitaline Database and annual reports of selected companies and website sources over a period of ten years from 2008-09 to 2017-18. The percentage, financial ratios and Altman Z score were used to analyse the data. It is observed from the study that the public sector companies IOC, HPCL, BPCL have increasing trend and also excellent financial viability position during the period of study.

Financial health, Oil Marketing Companies,Financial distress,Z Score Model

"Financial Health of Public Sector Oil Marketing Companies in India-A Comparative Study", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.324-327, June 2019, Available :http://www.jetir.org/papers/JETIR1907507.pdf

"Financial Health of Public Sector Oil Marketing Companies in India-A Comparative Study", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp324-327, June 2019, Available at : http://www.jetir.org/papers/JETIR1907507.pdf