The purpose of the study is to know the liquidity of the selected fertilizer companies and to see how efficiently the operations of the business are carried out. In this study, two companies i.e. Indian Farmers Fertilizers Cooperative Limited. And Krishak Bharati Cooperative Limited are selected. The primary objective of the study is to measure significant difference if any in the performance of selected fertilizer companies in terms of Liquidity. In this study t-test is conducted for Liquidity ratios of selected fertilizer companies in Gujarat for the period of 2010-11 to 2019-20. In these Liquidity ratios include Current Ratio, Liquid Ratio. The statistical tool t-test is used to test the hypothesis regarding liquidity of two selected companies in fertilizer industry. From the analysis of the data it is concluded that there is a significant difference in Current Ratio and Liquid Ratio. Overall the performance of KRIBHCO is better than IFFCO for the study period.

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Keywords: Liquidity, Fertilizer Companies, t-Test, Current Ratio, Liquid Ratio.