UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 9 Issue 2
February-2022
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2202359


Registration ID:
320527

Page Number

d418-d425

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Title

“A COMPARATIVE STUDY OF FINANCIAL PERFORMANCE OF SELECTED CEMENT COMPANIES IN INDIA THROUGH ‘Z’ SCORE MODEL”

Abstract

Most of the users like shareholders, government, bankers, creditors, financial institutions etc. awareness on the fulfillment and solvency position of the business enterprise with whom they're dealing. Absolute figures presented in financial statements and accounts do no longer serve this object.As there are numerous accounting tools like ratio analysis, decision theory etc. used for analysis however again they suggests absolute result thru which the present position can be judged now not the future. Edward I. Altman, Professor of Finance at New York University was the first person who developed a model known as "Z-score Model" to know the financial performance of the business concerns. He considered five ratios and assigned a weight for every ratio and produced one number which indicates the financial performance of the business concerns.In the present research paper an attempt is made to predict the financial performance of CementIndustry with special reference to JK Cement, JK Laxmi Cement and Ambuja Cement from 2009-2010 to 2018-2019 for 10 years the usage of Altman's Z-score model.It is found out that JK cement and JK Lakshmi Cement are in too performance Distress Zones where it is fall bankrupt. The failure in this situation is uncertain to expect. Ambuja Cement is Safe Zones where it is successful in its financial performance and not to fall bankrupt.

Key Words

Financial performance, JK Cement, JK Laxmi Cement, Ambuja Cement, Z-score Model, Net Working Capital to Total Assets Ratio, Retained earnings to total assets ratio, Earnings before Interest and Tax (EBIT) To Total Assets Ratio, Market value of equity to Book value of total liabilities ratio, Sales to total assets ratio, Safe Zones, Grey Zones,Distress Zones.

Cite This Article

"“A COMPARATIVE STUDY OF FINANCIAL PERFORMANCE OF SELECTED CEMENT COMPANIES IN INDIA THROUGH ‘Z’ SCORE MODEL”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 2, page no.d418-d425, February-2022, Available :http://www.jetir.org/papers/JETIR2202359.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 CEMENT 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.9, Issue 2, page no. ppd418-d425, February-2022, Available at : http://www.jetir.org/papers/JETIR2202359.pdf

Publication Details

Published Paper ID: JETIR2202359
Registration ID: 320527
Published In: Volume 9 | Issue 2 | Year February-2022
DOI (Digital Object Identifier):
Page No: d418-d425
Country: KUTIYANA, GUJARAT, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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