This paper has attempted to study the financial health of Rajapalyam Cotton Spinning Mills Limited. Assessing the financial health has been done for a long period. The study is done for the period of 10 years from 2003–04 to 2012–13. Altman's Z score is applied to assess the financial performance of that company's the efficiency of its financial operations etc. Textile industry is the barometer to measure the economic strength of any country. And it is one of the industries which are hit hard in the global recession. The study reveals that after the Global Crisis this company is improved slightly. Research on financial health using Altman's Score is very limited in India. So, this paper focuses on applying and interpreting the financial performance of automobile industry using Altman's Z score.
Altman, Z score, financial crisis, ratios
