Financial Health of Selected Iron and Steel Companies in India-Z Score Model

Financial analysis is a process of critical examination of the financial information contained in the financial statement in order to understand and make decision regarding the operation of the firm. In this study, an attempt was made to ascertain the financial soundness of the selected steel companies. For this purpose, ten years data were collected with the help of secondary sources of information. This paper uses the Altman's Z-score model to predict the financial status of selected steel companies in India. The result clearly indicate that the liquidity, working capital turnover efficiency and solvency position of the companies is that the financial health of Jsw, Tata Steel and Mahindra ugine were good and there is no scope of bankruptcy, where as the financial health of other selected companies were not in healthy Zone in many years.