• Mr. Saurav Uchil
• Dr. Bhojraj Shewale
• Prof. (Dr.) Bhawna Sharma

This research paper presents a comprehensive financial performance analysis of Manav Cryo Gases LLP over a three-year study period, focusing on Financial Years (FY) 2022-23 to 2024- 25. The core objective is to evaluate the firm’s financial stability, operational efficiency, and sustainability using ratio analysis derived from the company’s Profit & Loss Accounts and Balance Sheets. The industrial gas sector is inherently capital-intensive, making the assessment of liquidity, solvency, and profitability critical. The analysis reveals a robust growth trajectory in total revenue and operational scale, confirming the company's strong market position. Liquidity and solvency ratios are found to be satisfactory, indicating sufficient working capital management and manageable long-term debt. However, a detailed examination of profitability ratios, particularly the Net Profit Margin, highlights a systemic challenge related to high operational costs, reinforcing the need for enhanced cost control and resource optimization. The study concludes that Manav Cryo Gases LLP is financially stable and steadily progressing, with a significant opportunity to boost shareholder value through targeted efficiency improvements. The findings offer actionable insights for strategic financial planning and investment decisions.

Financial Performance Analysis, Ratio Analysis, Liquidity, Profitability, Solvency, Working Capital Management, Industrial Gas Sector, Manav Cryo Gases LLP.

"“A Study on Financial Performance Analysis of Manav Cryo Gases LLP "", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 12, page no.a489-a497, December-2025, Available :http://www.jetir.org/papers/JETIR2512066.pdf

"“A Study on Financial Performance Analysis of Manav Cryo Gases LLP "", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 12, page no. ppa489-a497, December-2025, Available at : http://www.jetir.org/papers/JETIR2512066.pdf