Mercury Trade Links (BOM:512415) Altman Z2-Score: 3.04 (As of Jul. 30, 2026) — 91% Below Median

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BOM:512415 Mercury Trade Links Ltd BOM:512415
25 GF Score
Price ₹4.94
! 6 Warning Signs
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What is Mercury Trade Links Altman Z2-Score?

Mercury Trade Links BOM:512415 +0.61% 25 Altman Z2-Score is 3.04 as of Jul. 30, 2026, which is 91% below its 10-year median of 32.83. GuruFocus rates BOM:512415 with a GF Score™ of 25/100. The stock has 6 warning signs investors should review. Among 255 Agriculture companies, Mercury Trade Links ranks worse than 58.43% 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:

Mercury Trade Links has a Altman Z2-Score of 3.04, 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 Mercury Trade Links's Altman Z2-Score or its related term are showing as below:

BOM:512415' s Altman Z2-Score Range Over the Past 10 Years
Min: 3.04   Med: 32.83   Max: 82.35
Current: 3.04

During the past 13 years, Mercury Trade Links's highest Altman Z2-Score was 82.35. The lowest was 3.04. And the median was 32.83.


Mercury Trade Links  (BOM:512415) 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.


Mercury Trade Links Altman Z2-Score Related Terms


Mercury Trade Links Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Mercury Trade Links'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.

Mercury Trade Links Altman Z2-Score Chart

Mercury Trade Links 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 82.35 5.19 6.09 6.60 3.04

Mercury Trade Links 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 6.60 0.00 4.96 0.00 3.04

BOM:512415 vs CTVA, CF, MOS: Altman Z2-Score Comparison

For the Agricultural Inputs subindustry, Mercury Trade Links'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.


Mercury Trade Links Altman Z2-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Mercury Trade Links's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Mercury Trade Links's Altman Z2-Score falls into.


BOM:512415
25GF Score
Mercury Trade Links Ltd BOM:512415
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercury Trade Links 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.

Mercury Trade Links'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*0.2065+3.26*0+6.72*0.0037+1.05*1.5792
=3.04

* 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 ₹1,014 Mil.
Total Current Assets was ₹602 Mil.
Total Current Liabilities was ₹393 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 53.257 + -50.445 + -1.303 + -1.346 = ₹0 Mil.
Interest Expense was -3.588 + 0 + 0 + 0 = ₹-4 Mil.
Total Liabilities was ₹393 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
=(602.37 - 393.026)/1013.704
=0.2065

X2=Retained Earnings/Total Assets
=0/1013.704
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0.163 - -3.588)/1013.704
=0.0037

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(620.67 - 0)/393.034
=1.5792

The zones of discrimination were as such:

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

Mercury Trade Links has a Altman Z2-Score of 3.04 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 3.04 mean?
Mercury Trade Links (BOM:512415) has a Altman Z2-Score of 3.04 as of Jul. 30, 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 Mercury Trade Links and its competitors. This is 91% below median its historical median of 32.83. Over the past decade, Mercury Trade Links' Altman Z2-Score has ranged from 3.04 to 82.35. According to the industry distribution chart, Mercury Trade Links ranks #149 out of 255 companies in the Agriculture industry, placing it in the top 58.4%.
Is Mercury Trade Links' Altman Z2-Score too high?
Mercury Trade Links' current Altman Z2-Score of 3.04 is 91% below median its 10-year median of 32.83. Over the past 10 years, this metric has ranged from a low of 3.04 to a high of 82.35. The Agriculture industry median Altman Z2-Score is 3.52. Mercury Trade Links' value of 3.04 is 13.6% below this industry median. Based on the distribution chart, Mercury Trade Links ranks #149 out of 255 companies in the Agriculture industry, which is below the industry midpoint. Overall, Mercury Trade Links has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Mercury Trade Links' Altman Z2-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Mercury Trade Links ranks #149 out of 255 companies for Altman Z2-Score. This places Mercury Trade Links in the lower half of its industry. The industry median Altman Z2-Score is 3.52. Mercury Trade Links' value of 3.04 is 13.6% below this benchmark. Historically, Mercury Trade Links' own Altman Z2-Score has ranged from 3.04 to 82.35 over the past decade. While the company's 10-year median is 32.83 vs. the industry median of 3.52, Mercury Trade Links has consistently been below 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 an Agriculture company?
The median Altman Z2-Score among Agriculture companies is 3.52, based on 255 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. Mercury Trade Links's current Altman Z2-Score of 3.04 is 13.6% below 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 Mercury Trade Links and its competitors. For the Agriculture industry, the median Altman Z2-Score is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercury Trade Links's current Altman Z2-Score is 3.04, which is 91% below median its own 10-year median of 32.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury Trade Links stock overvalued right now?
Mercury Trade Links (BOM:512415) has a current Altman Z2-Score of 3.04. The current Altman Z2-Score is 3.04, which is 91% below median its 10-year median of 32.83 and 13.6% below the Agriculture industry median of 3.52. Mercury Trade Links' overall GF Score™ is 25/100 with 6 warning signs to review. 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 Mercury Trade Links (BOM:512415), the current Altman Z2-Score is 3.04 as of Jul. 30, 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.

Mercury Trade Links Business Description

Address Bhuyangdev Cross Road, 624, Solaris Business Hub, Naranpura, Bodakdev, Ahmedabad, GJ, IND, 380054
Mercury Trade Links Ltd is engaged in the business of trading agricultural products and other related materials. The company trades agro products, such as fertilizers, manures, plant or animal foods, pesticides, including insecticides, herbicides or pesticides and fungicides, and all types of rice, maize, milo, seeds, cotton seeds, soybeans, ground nuts, castors, linseeds, sunflower, coconut, rapeseed, almond, sesame, mustard, sea seed, grapeseed, etc.
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