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Ishita Drugs And IndustriesBOM:524400 -1.04%73 Altman Z2-Score is 16.79 as of Jul. 22, 2026, which is 83% above its 10-year median of 9.18. GuruFocus rates BOM:524400 with a GF Score™ of 73/100 and a GF Value™ of ₹78.38 (Fairly Valued). The stock has 3 warning signs investors should review. Among 995 Drug Manufacturers companies, Ishita Drugs And Industries ranks better than 95.28% 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:
Ishita Drugs And Industries has a Altman Z2-Score of 16.79, 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 Ishita Drugs And Industries's Altman Z2-Score or its related term are showing as below:
BOM:524400'
s Altman Z2-Score Range Over the Past 10 Years
Min: 6.42 Med: 9.18 Max: 17.73
Current: 16.79
During the past 13 years, Ishita Drugs And Industries's highest Altman Z2-Score was 17.73. The lowest was 6.42. And the median was 9.18.
Ishita Drugs And Industries (BOM:524400) 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.
* 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.
BOM:524400 vs ZTS, UTHR: Altman Z2-Score Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Ishita Drugs And Industries'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.
Ishita Drugs And Industries Altman Z2-Score vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Ishita Drugs And Industries's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Ishita Drugs And Industries's Altman Z2-Score falls into.
Ishita Drugs And Industries 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.
* 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.
Ishita Drugs And Industries (BOM:524400) has a Altman Z2-Score of 16.79 as of Jul. 22, 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 Ishita Drugs And Industries and its competitors. This is 83% above median its historical median of 9.18. Over the past decade, Ishita Drugs And Industries' Altman Z2-Score has ranged from 6.42 to 17.73. According to the industry distribution chart, Ishita Drugs And Industries ranks #47 out of 995 companies in the Drug Manufacturers industry, placing it in the top 4.7%.
Is Ishita Drugs And Industries' Altman Z2-Score too high?
Ishita Drugs And Industries' current Altman Z2-Score of 16.79 is 83% above median its 10-year median of 9.18. Over the past 10 years, this metric has ranged from a low of 6.42 to a high of 17.73. The Drug Manufacturers industry median Altman Z2-Score is 3.88. Ishita Drugs And Industries' value of 16.79 is 332.7% above this industry median. Based on the distribution chart, Ishita Drugs And Industries ranks #47 out of 995 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Ishita Drugs And Industries has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ishita Drugs And Industries' Altman Z2-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Ishita Drugs And Industries ranks #47 out of 995 companies for Altman Z2-Score. This places Ishita Drugs And Industries in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.88. Ishita Drugs And Industries' value of 16.79 is 332.7% above this benchmark. Historically, Ishita Drugs And Industries' own Altman Z2-Score has ranged from 6.42 to 17.73 over the past decade. While the company's 10-year median is 9.18 vs. the industry median of 3.88, Ishita Drugs And Industries 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 Drug Manufacturers company?
The median Altman Z2-Score among Drug Manufacturers companies is 3.88, based on 995 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. Ishita Drugs And Industries's current Altman Z2-Score of 16.79 is 332.7% 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 Ishita Drugs And Industries and its competitors. For the Drug Manufacturers industry, the median Altman Z2-Score is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ishita Drugs And Industries's current Altman Z2-Score is 16.79, which is 83% above median its own 10-year median of 9.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ishita Drugs And Industries stock overvalued right now?
Based on GuruFocus' analysis, Ishita Drugs And Industries (BOM:524400) is currently considered Fairly Valued. The stock's GF Value™ is ₹78.38, compared to a current price of ₹71.04 — trading 9.4% below its estimated fair value. The current Altman Z2-Score is 16.79, which is 83% above median its 10-year median of 9.18 and 332.7% above the Drug Manufacturers industry median of 3.88. Ishita Drugs And Industries' overall GF Score™ is 73/100 with 3 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 Ishita Drugs And Industries (BOM:524400), the current Altman Z2-Score is 16.79 as of Jul. 22, 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 Ishita Drugs And Industries (BOM:524400) Overvalued in 2026?
Based on GuruFocus' analysis, Ishita Drugs And Industries stock appears to be undervalued.
The current stock price of ₹71.04 is trading 9.4% below its estimated GF Value™ of ₹78.38.
GuruFocus considers Ishita Drugs And Industries to be Fairly Valued.
Key valuation signals for BOM:524400:
Altman Z2-Score: 16.79 (83% above median its 10-year median of 9.18)
GF Value™: ₹78.38 vs. price of ₹71.04 (9.4% below fair value)
Industry Position: 332.7% above the Drug Manufacturers median (#47 of 995)
No single metric tells the full story. See the BOM:524400 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ishita Drugs And Industries Ltd is engaged in the business of manufacturing various APIs and drug intermediates. The company supplies its products to various pharmaceutical companies and is also being exported to various countries across the world. The company has three manufacturing facilities located in the state of Gujarat, two for APIs and drug intermediates at Ahmedabad and Surendranagar, and one for finished pharmaceutical formulations at Mehsana.
73GF Score
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