Published Paper Details:

In the pursuit of understanding financial distress within the context of Micro, Small, and Medium Enterprises (MSMEs) in India, this research paper utilizes Altman's Z-Score Model to analyze the financial health of selected public listed manufacturing engineering MSMEs for the financial year 2023-24. Financial distress, explains a company's inability to meet its financial obligations, it has been widely studied and researched topic across the world, as highlighted in the literature. This study aims to contribute to this body of knowledge by applying a robust analytical approach, using secondary data from 31 MSMEs, to evaluate the extent of financial distress and its implications. By analyzing financial ratios through the Z-Score model, this research provides insights into the financial stability of these enterprises and potentially identifying risks of bankruptcy. The study explains that most of the micro and small enterprises are under financial distress zone, few medium enterprises are in grey zone and out of total 31 industries only 3 medium enterprises were in safe zone.