International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

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PREDICTING THE FINANCIAL HEALTH OF STEEL AUTHORITY OF INDIA LIMITED USING ALTMAN’S Z SCORE MODEL

    2 Author(s):  DR. NESHAT ANJUM ,DR MOHAMMED PERVEJ

Vol -  11, Issue- 2 ,         Page(s) : 11 - 19  (2020 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

Steel Authority of India Limited (SAIL) is one of the largest Indian state-owned steel making Maharatna company headquartered in New Delhi, India. It is not only India's largest steel producing company but also one of the top steel makers in world with an annual turnover of 67,468 crore (US$9.5 billion in 2019. Economic slowdown has gripped the world, and the Indian economy is no exception. It becomes important to study and find out the financial performance level of its key drivers at this point of time. In this study, researcher aims to check the financial health of the SAIL using Ratio Analysis and the chances of bankruptcy in the near future by using Edward Altman’s Z score. After analyzing ten years data (2010-11 to 2018-19) it was concluded that SAIL has chances of being bankrupt in future. Based on the analysis, the researcher has put forward some suggestion for the management of the company so as to have control over the issue.

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