Journal of Contemporary Issues in Business and Government

Abstract

Thepurposeof thispaper isto analyze therelationshipofthe
ageofcompaniesandtheindustrysectoronfinancialperformancevariablesforNIFTY100Indexcompa
nies.TheminimumageofacompanyinNIFTY100indexwassevenyearsandthemaximumageis114
years.Further, these companies have been divided into nine industry sectors. To
analyzetherelationship,sixteen financial performance variableshavebeentakenfor the
financialyear2019.
It has been found that older companies have better performance in terms ofreturn
ratios,stakeholdersrelatedratios,
leverage,replacementratios.Youngercompanieshavebetteroperationalefficiencyand
marketvaluation.Ithasalsobeenobservedthatthereisasignificant difference in return ratios for
Telecom and Utility, Financial, Industrial,
Consumerstaples,IT,EnergyandConsumerDiscretionarySectors.Thefindingsofthispaperwillenabl
e investors in making prudent investment decisions and will enable them to understandhow
theageand industry of acompany impactthefinancialperformanceofcompaniesinIndia.