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@article{189825,
        author = {Alok Kunal and Dr. Prateek Verma},
        title = {Application of Altman Modified Z-Score to Predict Financial Distress in the Indian Telecommunications Industry with respect to Select Telecommunication Companies},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {7},
        pages = {7759-7770},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=189825},
        abstract = {This study applies the Altman Z-Score model to analyze and evaluate the financial strength and insolvency risk of major telecom companies in India—BSNL, RJIL, BAL, and VIL. Outcomes reveal that BSNL, BAL, and VIL lie in the distress zone, reflecting weak solvency and high bankruptcy risk, while RJIL shows moderate stability in the grey zone. The research highlights the need for debt restructuring, cost optimization, policy reforms, and innovation-led growth. Altman’s model proves valuable for early detection of financial distress and guiding sustainable strategies in India’s telecom industry.},
        keywords = {Finance, Liquidity, Profitability, Banckruptcy},
        month = {January},
        }