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A Study on Performance Evaluation of Select Central Public Sector Enterprises in India
The Central Public Sector Enterprises in India are considered to be the powerful instrument of bringing socio-economic transformation in India. The contribution of Central Public Sector Enterprises towards GDP of India is highly remarkable. The industries under various sectors in the hold of Central Government are responsible for the development of the nation. Hence, this study is an attempt to evaluate the performance of select Maharatna Status Central Public Sector Enterprises using ratio analysis and also to examine the financial health by employing the Altman Z Score Model for the period of ten years from 2007–08 to 2016–17. It is found from the study that the sample companies are showing better performance in liquidity and financial solvency but BHEL shows poor performance in inventory management. The study also reveals that NTPC and SAIL are in distress zone.
Keywords
Financial Health, Liquidity and Performance Evaluation.
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