Edward I Altman, Professor of Finance at New York University was the principal individual who built up another model prevalently known as "Z-score Model" to anticipate the monetary execution of the business concerns. He considered five ratios and assigned a weight for each ratio and produced a single number which indicates the financial performance of the business concerns. In the present research paper an attempt is made to predict the financial performance of Cement Companies with special reference to Ultratech Cement and India Cement from 2009-2010 to 2018-2019 for 10 years using Altman's Z-Score model. It is found out that India Cement is in too performance Distress Zones where it is fall bankrupt.

KEYWORDS: Financial Performance,  Z-score Model, Safe Zones, Grey Zones, Distress Zones.