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Mahadevan, M.
- Application of Altman’s Z Score Model: The Financial Soundness of Sun Pharmaceutical Industries in India
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Authors
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1 Assistant professor of Commerce, Karpagam Academy of Higher Education, Coimbatore, IN
2 Assistant professor of Management, Karpagam Academy of Higher Education, Coimbatore., IN
3 Professor of Commerce, Karpagam Academy of Higher education, Coimbatore, IN
4 Assistant Professor, Department of Business Administration, Arul Anandar College (Autonomous), Karumathur, Madurai-625514, IN
1 Assistant professor of Commerce, Karpagam Academy of Higher Education, Coimbatore, IN
2 Assistant professor of Management, Karpagam Academy of Higher Education, Coimbatore., IN
3 Professor of Commerce, Karpagam Academy of Higher education, Coimbatore, IN
4 Assistant Professor, Department of Business Administration, Arul Anandar College (Autonomous), Karumathur, Madurai-625514, IN
Source
IBMRD's Journal of Management & Research, Vol 11, No 1 (2022), Pagination: 96-100Abstract
The Altman Z score is a useful instrument for determining a company's financial strength and bankruptcy risk. The Z score method has been used the study to assess the financial stability of the sun pharmaceutical industries. The ten-year financial data was used to examine both the unique and emerging market formulations of the Altman Z score. This result serves as a welcome signal for internal and external financial statement users in planning and decision-making. The Z score model can aid management in developing effective strategies for future resource control and management.Keywords
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