Measuring Financial Soundness of Dairy Industry in India: A Critical Study

Abstract

The present study analyses the financial performance of dairy industry of India as well as tries to assess the financial soundness and stability of the said industry in terms of Altman Z score model for the period, 1991-92 to 2009-10. The analysis of the result reveals that diary industry is either in grey zone or nearly safe zone during our study period. We hope that our research will help strategists align their business strategies as per market dynamics, and make sound investment decisions.

Keywords: Altman, dairy, industry, financial performance, India.

JELClassification:L6,L69.