An Analysis Of Financial Distress Of Selected Public Sector Enterprises Of India Using Zmijewski X-Score Model

  Dr. Anu Verma,  Jyoti Pandit

Financially distress is a situation where a company incurs losses and is unable to pay off its financial liabilities leading to its winding up. So, here the researchers have attempted to predict financial distress of selected public sector enterprises of India using Zmijewski’s X–score model. In order to analyze financial distress, six listed, worst performer, manufacturing public sector enterprises have been selected. All data were extracted from the secondary sources for the period of five years staring from 2011-12 to 2015-16. The collected data were analyzed by using microsoft excel software. The result showed that out of six, two public sector enterprises suffered from financial distress and the rest of four public sector enterprises were found in solvent or non–financial distress position.

Keywords- Financial Distress, Zmijewski X–score Model, Central Public Sector Enterprises (CPSEs), etc.

Unique Identification Number - IJEDR1901065
Page Number(s) - 362-366
Pubished in - Volume 7 | Issue 1 | February 2019
DOI (Digital Object Identifier) -   
Publisher - IJEDR (ISSN - 2321-9939)

  Dr. Anu Verma,  Jyoti Pandit,   "An Analysis Of Financial Distress Of Selected Public Sector Enterprises Of India Using Zmijewski X-Score Model", International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.7, Issue 1, pp.362-366, February 2019, Available at :http://www.ijedr.org/papers/IJEDR1901065.pdf