A STUDY ON PERFORMANCE EVALUATION OF HAVELLS COMPANY BY USING ALTMAN’S Z SCORE MODEL
Keywords:
Performance Evaluation, Z score, ZoneAbstract
It is necessary to evaluate the performance of companies to make investment in that particular company. So, in present research paper, researcher selected Havells Company for the performance evaluation by using Altman Z score model. Data Analysis is considered as the main part of any research. In a this research data analysis is be done using statistical tools like averages, ratios and by using Altman Z score model. The period of the study is 10 years i.e. from 2009 to 2018. Z score of Havells Company is 3.20, 3.19, 2.99, 3.25, 3.37, 3.50, 3.53, 4.12, 3.34 and 3.58 respectively during 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017 and 2018. Havells Company during 2009 to 2018 in a safe zone because in all the years z score is more than 2.99.
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References
Altman, E. I. (1968). Financial Ratio, Discriminant Analysis and Prediction of corporate Bankruptcy. Journal of Finance, 589-609.
Altman, E. I. (1993). corporate financial distress and bankruptcy. New York.
