It is major concern for all companies to predict financial health. If it will results into financially weak position then it will become harmful to stakeholders who all are connected with companies’ every moves. By using Z-score model given by Altman, we can find out the financial health of the particular company or whole industry. This model gives the satisfactory results about study of financial distress. Here, the study covers a period of 5 years from 2014-15 to 2018-19 for investigation about financial health of top 2 Pharmaceutical company of India on the basis of market capitalization. The Altman Z-score test technique has been applied to analyze the data.

Keywords: Financial Health, Liquidity, Profitability, Leverage, Solvency & Activity- Altman’s Z-Score Test.