Application of Altman’s Z Score Model: The Financial Soundness of Sun Pharmaceutical Industries in India

Authors

  •   R. Saroja Devi Assistant professor of Commerce, Karpagam Academy of Higher Education, Coimbatore
  •   J. Sudarvel Assistant professor of Management, Karpagam Academy of Higher Education, Coimbatore.
  •   R. Velmurugan Professor of Commerce, Karpagam Academy of Higher education, Coimbatore
  •   M. Mahadevan Assistant Professor, Department of Business Administration, Arul Anandar College (Autonomous), Karumathur, Madurai-625514

DOI:

https://doi.org/10.17697/ibmrd/2022/v11i1/170324

Keywords:

No keywords

Abstract

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.

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Published

2022-06-21

How to Cite

Saroja Devi, R., Sudarvel, J., Velmurugan, R., & Mahadevan, M. (2022). Application of Altman’s Z Score Model: The Financial Soundness of Sun Pharmaceutical Industries in India. IBMRD’s Journal of Management & Research, 11(1), 96–100. https://doi.org/10.17697/ibmrd/2022/v11i1/170324

Issue

Volume 11, Issue 1, March 2022

Section

Articles
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Europe PMC

References

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Morarji, and R.Saroja Devi (2015) “A Study on Financial Status of Ceramic Tiles Ltdâ€, Pezzottaite Journals, International Journal of Applied Financial Management Perspectives, Vol.4 (3), PP- 1842- 1849.

Dr. Ramki. R , Dr. Saroja Devi. R , Mrs. Kiruthika R. J (2021) “Comparative Analysis of CSR Practices in BSE, NSE, Public and Private Companiesâ€, International Journal of All Research Education and Scientific Methods (IJARESM), Vol. 9 (4), pp- 513-519.

www.sunpharma.com.

www.moneycontrol.com.

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