Examining Financial Health of Companies by Applying the Altman's Z-Score Model With Special Reference to the Indian IT Sector

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Author(s): Mayur Ajaykumar Waghmare (Indira Institute of Management, India)and Sonali Suresh Shrotri (Indira Institute of Management, India)
Copyright: 2026
Pages: 24
Source title: Regulation and Innovation in Financial Markets
Source Author(s)/Editor(s): Safae Ismaili (TALY Green & Growth, Morocco)
DOI: 10.4018/979-8-3373-1404-4.ch008

Keywords: Accounting and Finance / Business Science Reference / Government & Law / Policy & Reform

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Abstract

The research presumes an in-depth assessment of the financial standing of the Information Technology sector, adopting the model of Altman Z-score for analysis of 14 renowned IT companies. This study articulates the core importance of financial stability for the Information Technology firms, especially considering volatile market conditions and galloping technological changes. By calculating the Z-scores and their financial ratios the evaluation and interpretation are drawn, to justify financial position of these companies. To strengthen the perfection of financial analysis, statistical tests like Z-test and Shapiro-Wilk test, were utilized for the assessment of data normality. By demonstrating the relevance of the Altman Z-score, the result shows important aspects of financial stability and potential weaknesses of IT companies. The research proves that Z-score model predictive strength and accuracy, provides mighty support for evaluating financial health in various hurdles faced by IT companies.

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Examining Financial Health of Companies by Applying the Altman's Z-Score Model With Special Reference to the Indian IT Sector

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