Published Paper Details:

A textile is the largest single industry in India (and amongst the biggest in the world), accounting for about 20% of the total industrial production. Textile and clothing exports account for one-third of the total value of exports from the country. There are 1,227 textile mills with a spinning capacity of about 29 million spindles. While yarn is mostly produced in the mills, fabrics are produced in the power loom and handloom sectors as well. Textile companies could invest on the basis of current performance compared with previous year or with other company. Decision making, additional investment, liquidity position changes in working capital depend upon the performance & return of company reports. Funds are highly required for day-to-day business operations of the firm and how to utilize it and in what way should avoid loses from the investment are discussed here plus, it happens by ineffective management. In this regard, there is need to study the financial performance of Textile Industry in India. The descriptive and analytical research methods will be used for this study. This study mainly depends on secondary data. This study will be used on the liquidity ratio is the ratio that describes the company's ability to meet short-term liabilities, solvency ratio is the ratio that describes the company's ability to meet longterm obligations and the profitability ratio is the ratio that measures the company's ability to generate profits. The four variables were used as proxy for checking the linear relationship between financial performance, liquidity, turnover and solvency are Return on Capital Employed (ROCE), Current Ratio (CR), Quick Ratio (QR), Inventory Turnover Ratio, Assets Turnover Ratio (ATR) and Debt Equity Ratio (DER) respectively for ten leading textile units working in India based on the market capitalization share.