Published Paper Details:

This research was carried out to study the relation between Capital structure and Profitability on selected companies as Aditya Birla Group, Arvind Textile Ltd., Hindustan Unilever Limited, ITC Limited, Berger Paints India Ltd. and Asian Paints from manufacturing industries of India. The existing literature primarily consists of studies regarding relationship between financial leverage, firm�s size and fixed assets includes 5 financial years, viz. 2014-2015, 2015-2016, 2016-2017, 2017-18 and 2018-19. Literature regarding the nature of impact of capital structure on profitability is scarce. Also how the size of the firm and growth influences this relationship is also not very well known. Additionally, most of the studies are related to the developed economies and researches in emerging economies like Indian are very few. Thus, there is a need to flash some light on this relationship in Indian context. This study seeks to study the effect of capital structure on the profitability of Indian Manufacturing Industries such as textile, FMCG and paints listed on the Bombay Stock Exchange (BSE). With the help of the past five year�s profitability and capital structure parameters we tried to predict the future impact of with the help of the forecasting models.