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Swarna SecuritiesBOM:531003 +1.98%33 Altman Z2-Score is 18.48 as of Jul. 16, 2026, which is 55% above its 10-year median of 11.94. GuruFocus rates BOM:531003 with a GF Score™ of 33/100. The stock has 2 warning signs investors should review. Among 409 Diversified Financial Services companies, Swarna Securities ranks better than 67.24% 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:
Swarna Securities has a Altman Z2-Score of 18.48, 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 Swarna Securities's Altman Z2-Score or its related term are showing as below:
BOM:531003'
s Altman Z2-Score Range Over the Past 10 Years
Min: 7.31 Med: 11.94 Max: 37.72
Current: 18.48
During the past 13 years, Swarna Securities's highest Altman Z2-Score was 37.72. The lowest was 7.31. And the median was 11.94.
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.
Altman Z2-Score does not apply to financial companies.
Swarna Securities Altman Z2-Score Related Terms
Swarna Securities Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Swarna Securities'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.
BOM:531003 vs XXI, CCXI, DMII: Altman Z2-Score Comparison
For the Shell Companies subindustry, Swarna Securities'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.
Swarna Securities Altman Z2-Score vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Swarna Securities's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Swarna Securities's Altman Z2-Score falls into.
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.
Swarna Securities'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
*
0.3151
+
3.26
*
0.5034
+
6.72
*
0.1011
+
1.05
*
13.4209
=
18.48
* 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.
Swarna Securities (BOM:531003) has a Altman Z2-Score of 18.48 as of Jul. 16, 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 Swarna Securities and its competitors. This is 55% above median its historical median of 11.94. Over the past decade, Swarna Securities' Altman Z2-Score has ranged from 7.31 to 37.72. According to the industry distribution chart, Swarna Securities ranks #134 out of 409 companies in the Diversified Financial Services industry, placing it in the top 32.8%.
Is Swarna Securities' Altman Z2-Score too high?
Swarna Securities' current Altman Z2-Score of 18.48 is 55% above median its 10-year median of 11.94. Over the past 10 years, this metric has ranged from a low of 7.31 to a high of 37.72. The Diversified Financial Services industry median Altman Z2-Score is 11.21. Swarna Securities' value of 18.48 is 64.9% above this industry median. Based on the distribution chart, Swarna Securities ranks #134 out of 409 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Swarna Securities has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Swarna Securities' Altman Z2-Score compare to XXI and CCXI?
According to the Diversified Financial Services industry distribution chart, Swarna Securities ranks #134 out of 409 companies for Altman Z2-Score. This puts Swarna Securities in the upper half of its industry. The industry median Altman Z2-Score is 11.21. Swarna Securities' value of 18.48 is 64.9% above this benchmark. Historically, Swarna Securities' own Altman Z2-Score has ranged from 7.31 to 37.72 over the past decade. While the company's 10-year median is 11.94 vs. the industry median of 11.21, Swarna Securities 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 Diversified Financial Services company?
The median Altman Z2-Score among Diversified Financial Services companies is 11.21, based on 409 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. Swarna Securities's current Altman Z2-Score of 18.48 is 64.9% 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 Swarna Securities and its competitors. For the Diversified Financial Services industry, the median Altman Z2-Score is 11.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swarna Securities's current Altman Z2-Score is 18.48, which is 55% above median its own 10-year median of 11.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swarna Securities stock overvalued right now?
Swarna Securities (BOM:531003) has a current Altman Z2-Score of 18.48. The current Altman Z2-Score is 18.48, which is 55% above median its 10-year median of 11.94 and 64.9% above the Diversified Financial Services industry median of 11.21. Swarna Securities' overall GF Score™ is 33/100 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 Swarna Securities (BOM:531003), the current Altman Z2-Score is 18.48 as of Jul. 16, 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.
Swarna Securities Ltd is engaged in the finance business in India. The Company has only been collecting the outstanding dues from its borrowers. Therefore, there is no business in the Company, has some non-operating income in the form of rent/lease and dividend.
33GF Score
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