School of Business Studies, Punjab Agricultural University, Ludhiana-141 004
In the present study, an attempt has been made to evaluate the financial health of Indian Cycle Industry with special reference to Hero Cycles Limited, Avon Cycles Limited and Atlas Cycles Limited. The study was carried out using eight years data collected from annual reports of the selected companies. On the basis of Altman Z-Score, it was found that all the three companies were found to be financially viable and their failure in this situation was uncertain to predict. The variability of Hero Cycles Limited was found to be lower as compared to other companies under consideration based on its Z-Score.
Companies, Cycle industry, Financial health, Working capital, Z-Score
