Published Paper Details:

Finance is considered to be the most critical aspect of an organization. If the financial health and performance is not good of an organization than it cannot grow neither it can sustain for longer time phase, hence efficient management of financial resources is required further it requires proper attention in order to optimize the financial resources, This study have been undertaken to determine the effectiveness and accuracy of Altman�s Bankruptcy Model on Indian companies. To do that, this paper examines the Altman Z score model on various bankrupt companies and studies the data of past i.e. 2 or 3 years from the date of filling legal bankruptcy, we will check whether this model helps us to give any indication before happening of an event. Further in the paper, Altman model have been applied to companies of NIFTY METAL index and will find out the financial position of the industry(company-wise) and will determine whether the company�s financial health is not good and does it take part of distress zone. The findings of the paper indicate that Z score is not the prediction instead it is the likelihood, from company�s financials, it may look likely that bankruptcy appears, but the management may well succeed in improving matters. However, for investor it is wise to keep an eye on company�s solvency.