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January-2021
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Journal of Emerging Technologies and Innovative Research ( An International Scholarly Open Access Journal, Peer-reviewed, Refereed Journal )
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UGC Approved Journal no 63975(19)
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UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975
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Published Paper ID:
JETIR2101265
Registration ID:
304797
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Title
A COMPARATIVE STUDY OF FINANCIAL PERFORMANCE OF SELECTED PHARMACEUTICAL COMPANIES IN INDIA THROUGH 'Z' SCORE MODEL
Abstract
Most of the interior users also external users like shareholders, government, bankers, creditors, financial institutions etc. specialize in the success and solvency position of the corporate with whom they're dealing. absolutely the figures presented in financial statements and accounts don't serve this object. As there are many accounting tools like ratio analysis, decision theory etc. used for analysis but again they show absolute result through which this position is often judged not the longer term. Edward I Altman, Professor of Finance at New York University was the primary one that developed a replacement model popularly referred to as Z-score Model to predict the financial performance of the business concerns. In the present research paper an attempt is made to predict the financial performance of Pharmaceutical Industry with special reference to Parimal Enterprise, Sun Pharma and Torrent Pharma from 2009-2010 to 2018-2019 for 10 years using Altman's Z-Score model. It is found out that Parimal Enterprise, Sun Pharma and Torrent Pharma are Grey Zone where it Financial viability is considered to be performance. The failure in this situation is uncertain to predict.
Key Words
Financial Performance, Z-Score Model, Net Working Capital, Total Assets, Retained Earnings, Earnings Before Interest And Tax (EBIT), Market Value Of Equity,Total Liabilities and Sales.
Cite This Article
"A COMPARATIVE STUDY OF FINANCIAL PERFORMANCE OF SELECTED PHARMACEUTICAL COMPANIES IN INDIA THROUGH 'Z' SCORE MODEL", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 1, page no.446-452, January-2021, Available :http://www.jetir.org/papers/JETIR2101265.pdf
ISSN
2349-5162 | Impact Factor 7.95 Calculate by Google Scholar
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Cite This Article
"A COMPARATIVE STUDY OF FINANCIAL PERFORMANCE OF SELECTED PHARMACEUTICAL COMPANIES IN INDIA THROUGH 'Z' SCORE MODEL", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 1, page no. pp446-452, January-2021, Available at : http://www.jetir.org/papers/JETIR2101265.pdf
Publication Details
Published Paper ID: JETIR2101265
Registration ID: 304797
Published In: Volume 8 | Issue 1 | Year January-2021
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.25654
Page No: 446-452
Country: RAJKOT, GUJARAT, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication
Published Paper URL :: https://www.jetir.org/view?paper=JETIR2101265
Published Paper PDF: https://www.jetir.org/papers/JETIR2101265
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