FINANCIAL SOUNDNESS OF SELECTED INDIAN PETROLEUM COMPANIES USING ALTMAN Z – SCORE MODEL
Keywords:Score analysis, Financial Health, Bankruptcy, Bharat Petroleum Corporation,, Indian Oil Corporaton, Hindustan Petroleum
Its need an hour to know the performance of Oil companies namely Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Bharat Petroleum because market is having highly volatility, through A predictive model created by Edward Altman Z score in the 1960’s.This model consists of different financial ratios to ascertain the likelihood of bankruptcy. The present study intends to analyze the financial health of selected oil companies through the application of altman z score model. It is found that the financial health of the selected companies under study is Bharat petroleum corporation is relatively better than Indian oil corporation and Hindustan petroleum.
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