• Kanubhai J. Chaudhary
• Dr. A. M. Patel

In India, the steel industry is one of the most important industries. It is to be seen among many other industries as the backbone. It supplies raw material for many other sectors and creates jobs for people in the country as well. The growth of such an industrial sector is therefore very significant for the public as well as for the economy. This study aims to assess financial health by using an Altman Z Score Model and to predict the chances of bankruptcy of selected steel businesses in India. For the purpose of the study five companies were selected. The present analysis is based on secondary data, covers the 5-year period from 2015-16 to 2019-20. The analysis indicated that Jindal Steel, Tata Steel BSL, and SAIL's financial health was very poor throughout the study period, and they were in distress zones. In 2017-18 & 2018-19 the z score for JSW Steel and in 2017-18, for the Tata Steel company stood at over 1,81 but less than 2,99 and hence in that period they were located in the Grey area. In short, it can be inferred that during the study period the financial health of all the tested enterprises was quite weak. It is recommended that the management of these companies take remedial measures to improve their financial condition; otherwise, there is a high risk of bankruptcy in the near future.

Financial Health, Altman Z Score, Bankruptcy, Indian Steel Companies etc.

"Evaluating the Financial Health of the Selected Indian Steel Companies by Applying Altman Z Score Model", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 6, page no.f476-f483, June-2021, Available :http://www.jetir.org/papers/JETIR2106768.pdf

"Evaluating the Financial Health of the Selected Indian Steel Companies by Applying Altman Z Score Model", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 6, page no. ppf476-f483, June-2021, Available at : http://www.jetir.org/papers/JETIR2106768.pdf