Published Paper Details:

Given the strong competitiveness of today's business environment, maximizing profit is the primary goal of any organization. Profit is simply the surplus income earned when a company's revenue exceeds its expenditures. To fully assess an organization's financial performance, it is necessary to examine its profitability trends over a specific time period. Financial analysis serves as a valuable tool for investors, stakeholders, and industry analysts to make informed decisions regarding investments and collaborations with the respective companies. A variety of methodologies and instruments are available in the discipline of financial accounting to measure an organization's performance. This research looks into the financial performance of certain paint firms in India, using ratio analysis and statistical approaches to analyze the data. The research spans a five-year period, from 2019 to 2023. The study's findings reveal that Asian Paints and Berger Paints are leaders in the paint industry, showcasing strong financial performance, profitability, and efficiency. However, Nerolac Paints has room for improvement, particularly in profitability and efficiency aspects.