FINANCIAL ANALYSIS OF HIMACHAL PRADESH TOURISM DEVELOPMENT CORPORATION
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Date
2019-07
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UHF,NAUNI
Abstract
ABSTRACT
HPTDC has played a vital role in the development of tourism in state. However,
HPTDC was not able to continue the initial momentum and hence had run into losses. The
present study is an attempt to analyze its financial performance. Secondary data was collected
from annual reports of HPTDC. Itprovides insights into widely used financial tool ratio
analysis. The objective of the note is to help the reader understand how these ratios should be
used to analyze the financial position of a firm. The findings of the study reveal that current
ratio & quick ratio are below standard form that is current ratio 0.949 & 0.931 is quick ratio
which is below 2:1 and 1:1. The net profit of HPTDC was 1.919 in 2016 which is fluctuating
every year. The poor financial performance and improper utilization of resources by
Himachal Pradesh Tourism Development Corporation which is running into losses for past
many years. It is suggested to control the cost of goods sold and operating expenses. HPTDC
should try to match the amount of working with the sales trends. To strengthen the financial
efficiency, long-term funds have to be used to finance core current assets and a part of
temporary current assets.
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