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Merger Performance: The Marriage between SAIL and MEL.

Merger Performance: The Marriage between SAIL and MEL.Source: Amity Management Review . Jun-Dec2012, Vol. 2 Issue 2, p69-79. 11p.Author(s): Leepsa, N. M.Email: n.m.leepsa@gmail.com  Abstract:The purpose of the study is to analyze the financial performance of Steel Authority of India Ltd (SAIL) after merger deal with MEL. The financial statements are analyzed for pre and post-merger five years (2000-2010) by using seven financial ratios. The accounting approach uses accounting measures and productivity measures of financial statements to evaluate the M&A success. In spite of creation limitations, accounting ratios are considered as reliable and convenient for making analysis since financial statements are audited. Ratio analysis is employed as is considered as a convenient technique to make a quantitative analysis of companies' performance. The results show that the financial performance of SAIL in terms of profitability, liquidity and solvency has improved after the merger. It…