Published Paper Details:

In the dynamic landscape of the petrochemical industry, Hindustan Petroleum Corporation Ltd (HPCL) faces various financial challenges influenced by liquidity, leverage, growth, and size. This study aims to analyse the impact of these factors on HPCL's profitability. Drawing from existing literature, which highlights the significance of liquidity and leverage on profitability in various sectors, this study seeks to provide insights specific to HPCL's context. Through a comprehensive review of literature and empirical analysis, this study examines the relationship between liquidity, leverage, and profitability, considering data from 2019 to 2023. Using financial ratios including net profit ratio, gross profit ratio, liquidity ratios, and solvency ratios, the study evaluates HPCL's financial performance over the specified period. Findings indicate commendable profitability growth despite liquidity management challenges and an increasing reliance on debt financing. The study underscores the importance of optimizing liquidity levels, managing leverage prudently, and monitoring external market dynamics for sustaining HPCL's financial resilience. The research contributes to understanding HPCL's financial health and offers recommendations for enhancing its financial performance amidst industry dynamics.