Published Paper Details:

Finance is the main resource to establish and maintain operational capability and capacity of the enterprise. The available funds will determine about the kind of assets invested and the people employed in the enterprise which can be afford to use by a firm, as a result what kind of output it can produce. Financial management is must for each and every kind of organization. This subject is important where there is a use of finance. The process begins with the financial planning and decision making.In the study we have used vertical analysis tool to judge the finanacial viability of BPCL and Nyara Energy.A Statement in which balance sheet items are expressed as the ratio of each asset to total assets and the ratio of each Liability is expressed as a ratio of total Liabilities is called Common- Size Balance sheet and when individual items of Income statement expressed as a ratio to total sales is known as Common size Income statement. The proposed study would be descriptive in nature and it is strictly founded on secondary published data. It has been assembled by readily available sources and other published data available at BPCL and Nayara Energy like Annual Reports, Schedules etc. Secondary data will also be gathered from Journals, Magazines and published research papers. The data pertaining to one year 2021-22 and to attain the said objective tools like Common-size Statement would be used in the study. Ms-Excel and SPSS Software would be used for easy study and calculation of Quantitative data. Use of Graph and tables according to the need of presentation and provide suitable suggestions to stake holders for upraising future policies The Objectives of the study is to examine the of changes in Individual items of Statement of Profit and Loss and Balance Sheet and to analyse and compare the performance of BPCL and Nayara Energy. This study is also beneficial for all stake holders like shareholders, Investors, Creditors, general public and Government. The study is also helpful for further research