ZR2 Bioenergy (BOM:506640) Altman Z2-Score: 110.80 (As of Jul. 31, 2026) — 181% Above Median

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BOM:506640 ZR2 Bioenergy Ltd BOM:506640
27 GF Score
Price ₹104.10
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What is ZR2 Bioenergy Altman Z2-Score?

ZR2 Bioenergy BOM:506640 -0.48% 27 Altman Z2-Score is 110.80 as of Jul. 31, 2026, which is 181% above its 10-year median of 39.50. GuruFocus rates BOM:506640 with a GF Score™ of 27/100. Among 1,549 Chemicals companies, ZR2 Bioenergy ranks better than 99.55% on this metric.

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Good Sign:

ZR2 Bioenergy has a Altman Z2-Score of 110.80, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for ZR2 Bioenergy's Altman Z2-Score or its related term are showing as below:

BOM:506640' s Altman Z2-Score Range Over the Past 10 Years
Min: 5.98   Med: 39.5   Max: 926.45
Current: 110.8

During the past 13 years, ZR2 Bioenergy's highest Altman Z2-Score was 926.45. The lowest was 5.98. And the median was 39.50.


ZR2 Bioenergy  (BOM:506640) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


ZR2 Bioenergy Altman Z2-Score Related Terms


ZR2 Bioenergy Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for ZR2 Bioenergy's Altman Z2-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ZR2 Bioenergy Altman Z2-Score Chart

ZR2 Bioenergy Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.14 5.98 7.31 926.45 110.80

ZR2 Bioenergy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 926.45 0.00 261.16 0.00 110.80

BOM:506640 vs DOW: Altman Z2-Score Comparison

For the Chemicals subindustry, ZR2 Bioenergy's Altman Z2-Score, along with its competitors' market caps and Altman Z2-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ZR2 Bioenergy Altman Z2-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, ZR2 Bioenergy's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where ZR2 Bioenergy's Altman Z2-Score falls into.


BOM:506640
27GF Score
ZR2 Bioenergy Ltd BOM:506640
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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ZR2 Bioenergy Altman Z2-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

ZR2 Bioenergy's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.1368+3.26*0+6.72*0.0069+1.05*104.6269
=110.80

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ₹1,413.08 Mil.
Total Current Assets was ₹206.65 Mil.
Total Current Liabilities was ₹13.38 Mil.
Retained Earnings was ₹0.00 Mil.
Pre-Tax Income was 1.979 + 1.977 + 2.738 + 3.045 = ₹9.74 Mil.
Interest Expense was 0 + 0 + -0.003 + -0.004 = ₹-0.01 Mil.
Total Liabilities was ₹13.38 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(206.646 - 13.378)/1413.077
=0.1368

X2=Retained Earnings/Total Assets
=0/1413.077
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(9.739 - -0.007)/1413.077
=0.0069

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(1399.699 - 0)/13.378
=104.6269

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

ZR2 Bioenergy has a Altman Z2-Score of 110.80 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 110.80 mean?
ZR2 Bioenergy (BOM:506640) has a Altman Z2-Score of 110.80 as of Jul. 31, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on ZR2 Bioenergy and its competitors. This is 181% above median its historical median of 39.50. Over the past decade, ZR2 Bioenergy's Altman Z2-Score has ranged from 5.98 to 926.45. According to the industry distribution chart, ZR2 Bioenergy ranks #7 out of 1549 companies in the Chemicals industry, placing it in the top 0.5%.
Is ZR2 Bioenergy's Altman Z2-Score too high?
ZR2 Bioenergy's current Altman Z2-Score of 110.80 is 181% above median its 10-year median of 39.50. Over the past 10 years, this metric has ranged from a low of 5.98 to a high of 926.45. The Chemicals industry median Altman Z2-Score is 3.98. ZR2 Bioenergy's value of 110.80 is 2683.9% above this industry median. Based on the distribution chart, ZR2 Bioenergy ranks #7 out of 1549 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, ZR2 Bioenergy has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does ZR2 Bioenergy's Altman Z2-Score compare to DOW?
According to the Chemicals industry distribution chart, ZR2 Bioenergy ranks #7 out of 1549 companies for Altman Z2-Score. This places ZR2 Bioenergy in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.98. ZR2 Bioenergy's value of 110.80 is 2683.9% above this benchmark. Historically, ZR2 Bioenergy's own Altman Z2-Score has ranged from 5.98 to 926.45 over the past decade. While the company's 10-year median is 39.50 vs. the industry median of 3.98, ZR2 Bioenergy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z2-Score for a Chemicals company?
The median Altman Z2-Score among Chemicals companies is 3.98, based on 1,549 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ZR2 Bioenergy's current Altman Z2-Score of 110.80 is 2683.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on ZR2 Bioenergy and its competitors. For the Chemicals industry, the median Altman Z2-Score is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZR2 Bioenergy's current Altman Z2-Score is 110.80, which is 181% above median its own 10-year median of 39.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZR2 Bioenergy stock overvalued right now?
ZR2 Bioenergy (BOM:506640) has a current Altman Z2-Score of 110.80. The current Altman Z2-Score is 110.80, which is 181% above median its 10-year median of 39.50 and 2683.9% above the Chemicals industry median of 3.98. ZR2 Bioenergy's overall GF Score™ is 27/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For ZR2 Bioenergy (BOM:506640), the current Altman Z2-Score is 110.80 as of Jul. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ZR2 Bioenergy Business Description

Address Senapati Bapat Marg, 1102 Lodha Supremus, Mumbai, MH, IND, 400 013
ZR2 Bioenergy Ltd is a chemical company. Its product portfolio includes Ethanol, Compressed Biogas, Bio-Potash, Carbon Credits, Alternative Protein, and a variety of human and animal nutrition products.
27GF Score

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