Evaluating the Financial Robustness and Insolvency Danger of Indian Service Sector Companies: An In-Depth Study from 2012 to 2023

Abstract

This study conducts a comprehensive analysis of the financial health and bankruptcy risk of five Indian service sector companies - Genesys International Corporation Limited, Coral  India Finance and Housing Limited, Allsec Technologies Limited, InnovanaThinklabs Limited, and MIC Electronics Limited. - from 20121 to 20232. Using data from the companies' financial statements, the researchers calculate solvency ratios, profitability ratios, liquidity ratios, and apply the Altman Z"-score models to assess the likelihood of bankruptcy. The analysis reveals varying financial positions among the companies, with some demonstrating strong financial health and low bankruptcy risk, while others show signs of financial distress and increasing bankruptcy risk. The study also explores the factors contributing to the companies' financial performance and provides recommendations forstakeholders.