Revitalising Tata Motors: A Comprehensive Analysis of Financial Recovery and Strategic Turnaround Using Altman Z-Score and Piotroski F-Score (2019–2024)
Original Research
Volume 1, Issue 1, (2025) Cite this article
Submit your manuscript
Original Research
Volume 1, Issue 1, (2025) Cite this article
Submit your manuscript
Sunil Kumar 
, Tapujyoti Sarkar
Pages: 34-41
The paper applies financial statement analysis, Altman Z-scores, and Piotroski F-scores in determining the financial performance of Tata Motors and its recovery from 2019 to 2024. This illustrates how Tata Motors moved from losing money during the COVID-19 pandemic to being stable and making money. The assessment covers ratios, trend analyses, and studies comparing liquidity, solvency, profitability, and operational effectiveness. Long-term debt and profits have decreased, while cash reserves and shareholders' equity have increased. This paper deepens our understanding of how emerging market enterprises recover their financial balance. It offers critical information to investors, legislators, and business executives focused on adaptability and economic recovery in the post-pandemic automotive sector through both quantitative and qualitative approaches.
Economic performance, Business recovery, Altman Z-score, Piotroski F-score, Strategic creativity