• CMA Dr. Jeelan Basha V
• Shravani

This study analyzes the financial performance of four Indian manufacturing firms involved in mergers and acquisitions (M&A) in 2017. Using data from 2010–2016 (pre-M&A) and 2018–2024 (post-M&A), it examines changes in liquidity, profitability, solvency, and efficiency. Paired t-tests reveal significant post-M&A improvements in quick ratio, ROE, ROCE, and debtor turnover, indicating gains in liquidity and profitability. However, changes in current ratio, inventory turnover, and solvency were not significant. The findings suggest M&A moderately enhanced short-term financial management and shareholder returns, offering valuable insights for investors and policymakers.

Mergers and Acquisitions, Financial Performance, Indian Manufacturing Sector, Liquidity Ratios, Profitability Analysis

"DO MERGERS PAY OFF? EVIDENCE FROM THE INDIAN MANUFACTURING SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 8, page no.147-152, August-2025, Available :http://www.jetir.org/papers/JETIRHB06030.pdf

"DO MERGERS PAY OFF? EVIDENCE FROM THE INDIAN MANUFACTURING SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 8, page no. pp147-152, August-2025, Available at : http://www.jetir.org/papers/JETIRHB06030.pdf