An Analytical Study on Financial Health of Selected Public Sector Companies of India Using Grover Model

Now a day many large companies at international and national level face the problems of bankruptcy. So, it is necessary to identify tools for prediction of bankruptcy of companies. One of these tools is Financial Health Models. Suppliers, Managers, Investors and Financial Institutions all are interested in prediction of financial health of companies. The primary objective of this study is to check Financial Health of selected Public Sector Companies of India using Grover Model. For this study, total 20 Public Sector Companies are selected for the period of 05 years from 2014-15 to 2018-19. The present research is useful to the investors, financial institutions and suppliers for investments, loans and supplying raw materials. Result of this study reveals that Miniratna-II Companies are financially very healthy as compared to other categories.