Kilburn Engineering (BOM:522101) Altman Z2-Score: 6.81 (As of Jul. 08, 2026) — 129% Above Median


BOM:522101 Kilburn Engineering Ltd BOM:522101
74 GF Score
Price ₹476.30
GF Value ₹584.54
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Kilburn Engineering Altman Z2-Score?

Kilburn Engineering BOM:522101 -1.69% 74 Altman Z2-Score is 6.81 as of Jul. 08, 2026, which is 129% above its 10-year median of 2.97. GuruFocus rates BOM:522101 with a GF Score™ of 74/100 and a GF Value™ of ₹584.54 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 3,038 Industrial Products companies, Kilburn Engineering ranks better than 74.59% 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:

Kilburn Engineering has a Altman Z2-Score of 6.81, 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 Kilburn Engineering's Altman Z2-Score or its related term are showing as below:

BOM:522101' s Altman Z2-Score Range Over the Past 10 Years
Min: -2.65   Med: 2.97   Max: 6.81
Current: 6.81

During the past 13 years, Kilburn Engineering's highest Altman Z2-Score was 6.81. The lowest was -2.65. And the median was 2.97.


Kilburn Engineering  (BOM:522101) 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.


Kilburn Engineering Altman Z2-Score Related Terms


Kilburn Engineering Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Kilburn Engineering'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.

Kilburn Engineering Altman Z2-Score Chart

Kilburn Engineering 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 2.26 3.93 4.23 5.33 6.81

Kilburn Engineering 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 5.33 0.00 5.62 0.00 6.81

BOM:522101 vs GEV, ETN, PH: Altman Z2-Score Comparison

For the Specialty Industrial Machinery subindustry, Kilburn Engineering'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.


Kilburn Engineering Altman Z2-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kilburn Engineering's Altman Z2-Score distribution charts can be found below:

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


BOM:522101
74GF Score
Kilburn Engineering Ltd BOM:522101
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kilburn Engineering 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.

Kilburn Engineering'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*0.4293+3.26*0+6.72*0.1687+1.05*2.7211
=6.81

* 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 ₹8,945 Mil.
Total Current Assets was ₹5,782 Mil.
Total Current Liabilities was ₹1,941 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 370.602 + 319.991 + 374.241 + 296.462 = ₹1,361 Mil.
Interest Expense was -51.203 + -32.391 + -30.649 + -33.823 = ₹-148 Mil.
Total Liabilities was ₹2,404 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
=(5781.556 - 1941.148)/8944.937
=0.4293

X2=Retained Earnings/Total Assets
=0/8944.937
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1361.296 - -148.066)/8944.937
=0.1687

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(6541.12 - 0)/2403.817
=2.7211

The zones of discrimination were as such:

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

Kilburn Engineering has a Altman Z2-Score of 6.81 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 6.81 mean?
Kilburn Engineering (BOM:522101) has a Altman Z2-Score of 6.81 as of Jul. 08, 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 Kilburn Engineering and its competitors. This is 129% above median its historical median of 2.97. According to the industry distribution chart, Kilburn Engineering ranks #772 out of 3038 companies in the Industrial Products industry, placing it in the top 25.4%.
Is Kilburn Engineering's Altman Z2-Score too high?
Kilburn Engineering's current Altman Z2-Score of 6.81 is 129% above median its 10-year median of 2.97. The Industrial Products industry median Altman Z2-Score is 4.28. Kilburn Engineering's value of 6.81 is 59.1% above this industry median. Based on the distribution chart, Kilburn Engineering ranks #772 out of 3038 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Kilburn Engineering has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kilburn Engineering's Altman Z2-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kilburn Engineering ranks #772 out of 3038 companies for Altman Z2-Score. This puts Kilburn Engineering in the upper half of its industry. The industry median Altman Z2-Score is 4.28. Kilburn Engineering's value of 6.81 is 59.1% above this benchmark. While the company's 10-year median is 2.97 vs. the industry median of 4.28, Kilburn Engineering 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 an Industrial Products company?
The median Altman Z2-Score among Industrial Products companies is 4.28, based on 3,038 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. Kilburn Engineering's current Altman Z2-Score of 6.81 is 59.1% 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 Kilburn Engineering and its competitors. For the Industrial Products industry, the median Altman Z2-Score is 4.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kilburn Engineering's current Altman Z2-Score is 6.81, which is 129% above median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kilburn Engineering stock overvalued right now?
Based on GuruFocus' analysis, Kilburn Engineering (BOM:522101) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹584.54, compared to a current price of ₹476.30 — trading 18.5% below its estimated fair value. The current Altman Z2-Score is 6.81, which is 129% above median its 10-year median of 2.97 and 59.1% above the Industrial Products industry median of 4.28. Kilburn Engineering's overall GF Score™ is 74/100 with 2 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 Kilburn Engineering (BOM:522101), the current Altman Z2-Score is 6.81 as of Jul. 08, 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.

Is Kilburn Engineering (BOM:522101) Overvalued in 2026?

Based on GuruFocus' analysis, Kilburn Engineering stock appears to be undervalued. The current stock price of ₹476.30 is trading 18.5% below its estimated GF Value™ of ₹584.54. GuruFocus considers Kilburn Engineering to be Modestly Undervalued.

Key valuation signals for BOM:522101:

  • Altman Z2-Score: 6.81 (129% above median its 10-year median of 2.97)
  • GF Value™: ₹584.54 vs. price of ₹476.30 (18.5% below fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 59.1% above the Industrial Products median (#772 of 3038)

No single metric tells the full story. See the BOM:522101 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kilburn Engineering Business Description

Address I-Think Techno Campus, Jolly Board Tower No. 1, 5th floor, 501, Kanjumarg East, Mumbai, MH, IND, 400042
Kilburn Engineering Ltd designs, manufactures, and commissions customized drying and process equipment for various industrial applications. Its core products include rotary dryers, coolers, calciners, and heat exchangers utilized in sectors such as chemicals, steel, petrochemicals, pharmaceuticals, fertilizers, food processing, and specialty chemicals. The company's equipment supports critical processes like drying solids, liquids, and gases. Kilburn operates manufacturing facilities and a pilot plant near Mumbai, India, serving both domestic and international markets by providing tailored technology-driven solutions that optimize material processing. Revenue is generated through the sale and installation of these systems along with associated services.
74GF Score

Get the complete analysis for BOM:522101

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹476.30
Price
₹584.54
GF Value