A STUDY ON FINANCIAL HEALTH OF SELECTED PUBLIC SECTOR MANUFACTURING COMPANIES OF INDIA : WITH REFERENCE TO Z-SCORE ANALYSIS

Financial distressed from a decade has become common condition for manufacturing companies of India. Many public sector have also witnessing poor financial health. This study examined the health eighteen selected which are further divided into four sectors as Metal, Sugar, Paper and Textile. The examination been performed by calculating Altman Z-score model year prior to distressed. And it found analysis that most company was in either zone or grey zone. finds Z-Score Model is perfect tool examine companies.