Published Paper Details:

The financial health of a firm plays a crucial role in determining its market value, operational efficiency, and long-term sustainability. This study examined the impact of financial health on the value of firms in the Indian steel industry,for a period of twelve years from 2013-14 to 2024-25 using Z-Score. It is an essential sector contributing significantly to the country's economic development. Since the implementation of the LPG (Liberalization, Privatization, and Globalization) policy in 1992, the Indian steel industry has undergone substantial transformation, with increased competition, foreign investment, and capital market participation. The findings suggest that firms with strong financial health exhibit higher market value, better investor confidence, and improved growth potential only for JSL Steel.So the companies seriously look into the matter and try improve the health condition to bring the companies into the safety zone.