STRATEGIC FINANCIAL PERFORMANCE ANALYSIS USING ALTMAN’S Z SCORE MODEL: A STUDY OF LISTED UNICORN STARTUPS IN INDIA FROM 2019 TO 2023
Over the past several years, financial analysts have been contributing significantly to society in the field of predicting bankruptcy. Corporate managers spend a lot of time understanding and changing policies to avoid bankruptcy, especially after the global meltdown in the year 2008. Post Covid-19 there is a growing interest in the corporate world to understand and assess the implications and fallout in the aftermath of global business disruptions. Serious issues arise when a company goes bankrupt, it hampers the interest of all stakeholders including investors and promoters. It is imperative to check and review the financial performance of a business regularly to take prompt actions before the occurrence of any unforeseen events. Bankruptcy of companies can be predicted based on ratio analysis; proven by studies conducted on several such cases. A case in point is Altman’s Z score. To achieve this study Altman’s Z score model is applied and concluded that the sample companies are Healthy and stable for the coming two to three years. For this purpose, researchers have taken 10 listed unicorn startup companies in India from the year 2019 to 2023.
Financial Performance, Bankruptcy Prediction, Altman’s Z score