Impact Of Covid 19 On Financial Status Of Manufacturing Companies In India

Abstract

This research provides a moderate attempt to understand the feasibility of using financial ratios, capital structure and Altman Z-score as an empirical approach to forecast financial status in future. A Z-score of lower than 1.8, in particular, indicates that the company is moving towards bankruptcy. Research takes in to consideration of top five Indian steel companies listed in BSE for a period of 3 years starting from 2018 to 2020 which includes the period of pandemic. According to Altman Z score for Steel manufacturing sector for the year 2018 – 2020 is 1.6 that denotes that the companies are touching the risk level. If this pandemic situation continues definitely the steel sector in India will reach the crisis zone and financially unsound.