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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | FORCASTING BANKRUPTCY OF SELECTED CEMENT SECTOR COMPANIES BY APPLYING ALTMAN’S Z-SCORE APPROACH |
| Authors Name: | Amin Kardekar , Dr. Maithili Dhuri |
| Download E-Certificate: | Download |
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IJNRD_213456
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| Published Paper Id: | IJNRD2402149 |
| Published In: | Volume 9 Issue 2, February-2024 |
| DOI: | |
| Abstract: | This research paper presents an in-depth analysis of selected companies within the Indian cement sector, namely Ultratech Cement, Ambuja Cement, Shree Cement, ACC Cement, J.K. Cement, and Ramco Cement, utilizing Edward Altman's Z-score model to forecast their financial health and bankruptcy risks. Against the backdrop of India's burgeoning construction industry and the cement sector's pivotal role in infrastructure development, this study aims to provide valuable insights into the financial stability of these prominent players. By applying Altman's Z-score approach, which assesses liquidity, solvency, profitability, efficiency, and market valuation, this research categorizes the companies into safe, grey, or distress zones based on their calculated Z-scores. Through meticulous examination of financial statements and performance indicators, the findings reveal the relative financial robustness of each company, shedding light on their potential resilience or vulnerability in the face of economic challenges. This study contributes to the existing body of knowledge on financial forecasting and risk management within the Indian cement industry, offering actionable insights for investors, industry stakeholders, and policymakers. The outcomes of this analysis provide a nuanced understanding of the financial landscape within the sector, empowering stakeholders to make informed decisions and strategize effectively for sustainable growth and profitability. |
| Keywords: | Altman's Z-score, financial health, bankruptcy, profitability, Cement Industry |
| Cite Article: | "FORCASTING BANKRUPTCY OF SELECTED CEMENT SECTOR COMPANIES BY APPLYING ALTMAN’S Z-SCORE APPROACH", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 2, page no.b382-b390, February-2024, Available :http://www.ijnrd.org/papers/IJNRD2402149.pdf |
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| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2402149 Registration ID: 213456 Published In: Volume 9 Issue 2, February-2024 DOI (Digital Object Identifier): Page No: b382-b390 Country: New Panvel, Navi Mumbai, Maharashtra, India Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2402149 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2402149 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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