ISSN 2394-5125
 

Research Article 


ASSESSING THE FINANCIAL SOUNDNESS OF INDIAN POWER SECTOR COMPANIES WITH ALTMANíS Z-SCORE MODEL

Pritesh Singh, Vivek Divekar.

Abstract
The economy relies on the performance of many sectors such as manufacturing, services, real estate, power etc which drives the growth of the economy. Hence each sectorsí financial soundness is very important because investors prefer the stable market places to invest and in turn represent the stable economy. One of the major sectors which mirror the economy is the power sector. The findings of this exploration are used to analyze the financially distressed power generation/distribution organizations of India and also aim to find the financial issues associated with the sector. The secondary data is collected for this study for years 2018 and 2019 from financial reports of selected companies. In this study the Altmanís Z-score model is applied to assess the sample of ten power sector firms/organizations of India. The results show that all sample companies are distressed and require immediate policy changes and healthy capital structure to reduce the distress. The management of companies and Indian government can come together and form policies to uplift the performance of power sector.

Key words: Financial Distress, Financial Analysis, Discriminate Analysis, Bankruptcy, Z-Score, Financial Ratios, etc.


 
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How to Cite this Article
Pubmed Style

Pritesh Singh, Vivek Divekar. ASSESSING THE FINANCIAL SOUNDNESS OF INDIAN POWER SECTOR COMPANIES WITH ALTMANíS Z-SCORE MODEL. JCR. 2020; 7(19): 7643-7648. doi:10.31838/jcr.07.19.870


Web Style

Pritesh Singh, Vivek Divekar. ASSESSING THE FINANCIAL SOUNDNESS OF INDIAN POWER SECTOR COMPANIES WITH ALTMANíS Z-SCORE MODEL. http://www.jcreview.com/?mno=135991 [Access: January 04, 2021]. doi:10.31838/jcr.07.19.870


AMA (American Medical Association) Style

Pritesh Singh, Vivek Divekar. ASSESSING THE FINANCIAL SOUNDNESS OF INDIAN POWER SECTOR COMPANIES WITH ALTMANíS Z-SCORE MODEL. JCR. 2020; 7(19): 7643-7648. doi:10.31838/jcr.07.19.870



Vancouver/ICMJE Style

Pritesh Singh, Vivek Divekar. ASSESSING THE FINANCIAL SOUNDNESS OF INDIAN POWER SECTOR COMPANIES WITH ALTMANíS Z-SCORE MODEL. JCR. (2020), [cited January 04, 2021]; 7(19): 7643-7648. doi:10.31838/jcr.07.19.870



Harvard Style

Pritesh Singh, Vivek Divekar (2020) ASSESSING THE FINANCIAL SOUNDNESS OF INDIAN POWER SECTOR COMPANIES WITH ALTMANíS Z-SCORE MODEL. JCR, 7 (19), 7643-7648. doi:10.31838/jcr.07.19.870



Turabian Style

Pritesh Singh, Vivek Divekar. 2020. ASSESSING THE FINANCIAL SOUNDNESS OF INDIAN POWER SECTOR COMPANIES WITH ALTMANíS Z-SCORE MODEL. Journal of Critical Reviews, 7 (19), 7643-7648. doi:10.31838/jcr.07.19.870



Chicago Style

Pritesh Singh, Vivek Divekar. "ASSESSING THE FINANCIAL SOUNDNESS OF INDIAN POWER SECTOR COMPANIES WITH ALTMANíS Z-SCORE MODEL." Journal of Critical Reviews 7 (2020), 7643-7648. doi:10.31838/jcr.07.19.870



MLA (The Modern Language Association) Style

Pritesh Singh, Vivek Divekar. "ASSESSING THE FINANCIAL SOUNDNESS OF INDIAN POWER SECTOR COMPANIES WITH ALTMANíS Z-SCORE MODEL." Journal of Critical Reviews 7.19 (2020), 7643-7648. Print. doi:10.31838/jcr.07.19.870



APA (American Psychological Association) Style

Pritesh Singh, Vivek Divekar (2020) ASSESSING THE FINANCIAL SOUNDNESS OF INDIAN POWER SECTOR COMPANIES WITH ALTMANíS Z-SCORE MODEL. Journal of Critical Reviews, 7 (19), 7643-7648. doi:10.31838/jcr.07.19.870