• Tejas Kadam
• H. R. Kulkarni
• Rahul Shinde

Financial ratio analysis is a crucial process for reviewing the financial position and forecasting the financial soundness and future growth of a company. This study aimed to analyze the financial performance of two leading Indian automotive manufacturers, Tata Motors Ltd and Maruti Suzuki Ltd, by calculating and interpreting various financial ratios. The primary objective was to evaluate the performance of both companies over a five-year reference period, specifically from 2016 to 2021. Ratios calculated included the Current Ratio, Liquid Ratio, Debt-Equity Ratio, Interest Coverage Ratio, and Gross Profit Ratio. Furthermore, trend analysis and comparative income statements were examined. Secondary data was exclusively collected from the annual reports of Tata Motors and Maruti Suzuki. The overall results indicated that while the companies performed reasonably well during the reference period, many financial standards for liquidity and solvency ratios were not met, particularly by Tata Motors, which struggled with debt coverage. Conversely, Maruti Suzuki demonstrated superior solvency and liquidity, leading to a conclusion of stronger overall fiscal well-being during the study period.

A Comparative Study On Financial Performance Analysis Of Tata Motors Ltd And Maruti Suzuki Ltd

"A Comparative Study On Financial Performance Analysis Of Tata Motors Ltd And Maruti Suzuki Ltd", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.13, Issue 1, page no.503-509, January-2026, Available :http://www.jetir.org/papers/JETIRHG06060.pdf

"A Comparative Study On Financial Performance Analysis Of Tata Motors Ltd And Maruti Suzuki Ltd", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.13, Issue 1, page no. pp503-509, January-2026, Available at : http://www.jetir.org/papers/JETIRHG06060.pdf