ISSN 2394-5125
 

Research Article 


AN EMPIRICAL ANALYSIS OF INDIAN AUTOMOBILE COMPAINIES USING ALTMANíS Z SCORE MODEL

Deep Kaur, Vikas Tyagi.

Abstract
Finance being the life blood of business, if utilized properly can make the organisation reach the
heights of business and if exploited can cause the situation of Financial Distress. Financial Health of five leading
automobile companies is investigated using Altman Z score model and after careful analysis an inference is
drawn through this analysis and is presented in form of this paper. Mahindra and Mahindra, Bajaj Auto, Tata
Motors, Maruti Suzuki and Hero Motocorp are the major Indian automobile companies investigated, and the
ďHero MotocorpĒ is the ďbest performerĒ among the peers as per Altman Z score model. Edward I. Altman,
Assistant Professor (Finance), New-York University published this concept of formula of z score that predicted
Bankruptcy in year 1968, and this formula predicted the financial health of the firm, itís operational efficiency
and throws light on whether investor should invest in particular firm or not and what will be the consequences of
the investment decision taken by investor.

Key words: Altman Z score, financial distress, empirical analysis, automobile industry, investment decision, financial health, operational efficiency.


 
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Pubmed Style

Deep Kaur, Vikas Tyagi. AN EMPIRICAL ANALYSIS OF INDIAN AUTOMOBILE COMPAINIES USING ALTMANíS Z SCORE MODEL. JCR. 2020; 7(16): 1217-1225. doi:10.31838/jcr.07.16.153


Web Style

Deep Kaur, Vikas Tyagi. AN EMPIRICAL ANALYSIS OF INDIAN AUTOMOBILE COMPAINIES USING ALTMANíS Z SCORE MODEL. http://www.jcreview.com/?mno=4951 [Access: June 01, 2021]. doi:10.31838/jcr.07.16.153


AMA (American Medical Association) Style

Deep Kaur, Vikas Tyagi. AN EMPIRICAL ANALYSIS OF INDIAN AUTOMOBILE COMPAINIES USING ALTMANíS Z SCORE MODEL. JCR. 2020; 7(16): 1217-1225. doi:10.31838/jcr.07.16.153



Vancouver/ICMJE Style

Deep Kaur, Vikas Tyagi. AN EMPIRICAL ANALYSIS OF INDIAN AUTOMOBILE COMPAINIES USING ALTMANíS Z SCORE MODEL. JCR. (2020), [cited June 01, 2021]; 7(16): 1217-1225. doi:10.31838/jcr.07.16.153



Harvard Style

Deep Kaur, Vikas Tyagi (2020) AN EMPIRICAL ANALYSIS OF INDIAN AUTOMOBILE COMPAINIES USING ALTMANíS Z SCORE MODEL. JCR, 7 (16), 1217-1225. doi:10.31838/jcr.07.16.153



Turabian Style

Deep Kaur, Vikas Tyagi. 2020. AN EMPIRICAL ANALYSIS OF INDIAN AUTOMOBILE COMPAINIES USING ALTMANíS Z SCORE MODEL. Journal of Critical Reviews, 7 (16), 1217-1225. doi:10.31838/jcr.07.16.153



Chicago Style

Deep Kaur, Vikas Tyagi. "AN EMPIRICAL ANALYSIS OF INDIAN AUTOMOBILE COMPAINIES USING ALTMANíS Z SCORE MODEL." Journal of Critical Reviews 7 (2020), 1217-1225. doi:10.31838/jcr.07.16.153



MLA (The Modern Language Association) Style

Deep Kaur, Vikas Tyagi. "AN EMPIRICAL ANALYSIS OF INDIAN AUTOMOBILE COMPAINIES USING ALTMANíS Z SCORE MODEL." Journal of Critical Reviews 7.16 (2020), 1217-1225. Print. doi:10.31838/jcr.07.16.153



APA (American Psychological Association) Style

Deep Kaur, Vikas Tyagi (2020) AN EMPIRICAL ANALYSIS OF INDIAN AUTOMOBILE COMPAINIES USING ALTMANíS Z SCORE MODEL. Journal of Critical Reviews, 7 (16), 1217-1225. doi:10.31838/jcr.07.16.153