Bankruptcy Prediction for Cement Industry in India Using Altman Z Score Model

This study is to throw light on the financial performance of selected companies. It is based on Altman's Z score model, particularly for investigating financial soundness. It shows that most of the companies are not in good financial health. To improve the industry's business performance, the companies' financial stability should be maintained appropriately. Moreover, to improve financial performance, technological & managerial up-gradation is required. The general purpose of the study was to use Altman's Z-score model in predicting the corporate failure of financially distressed companies. In this study, we consider selecting ten cement companies for five years and analyzing their bankruptcy prediction. Using Altman's Z score formula, we calculate various factors affecting the company's financial health.