COMPARISON OF DAIRY UNITS OF PUNJAB USING VARIOUS FINANCIAL HEALTH INDICATORS

In the year 2022, the Punjab dairy sector worth was Rs. 491 billion. The Punjab dairy sector was projected to grow at a compound annual growth rate of 14.7%. (Dairy Industry in Punjab: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution) The study aims to analyze the financial performance of selected dairy units in Punjab by using two selected financial health models such as the Springate Score Model and the Zmijewski Score Model.Data was gathered from the selected dairy units' annual reports, which covered the elevenyear period from 2010–2011 to 2020–21. It was concluded from the study that Bathinda and the Sangrur dairy units were in a financial distress zone and would go to bankruptcy in the near future. From the Zmijewski score, Patiala, Sangrur and Ludhiana dairy units were in the financial distress zone. Thus, the Sangrur dairy unit was a financially distressed zone as per both health models.