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Power Grid Of IndiaBOM:532898 -1.80%81 Altman Z2-Score is 0.68 as of Jul. 15, 2026, which is 1% above its 10-year median of 0.67. GuruFocus rates BOM:532898 with a GF Score™ of 81/100 and a GF Value™ of ₹306.50 (Fairly Valued). The stock has 6 warning signs investors should review. Among 507 Utilities - Regulated companies, Power Grid Of India ranks worse than 78.3% 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.
Warning Sign:
Power Grid Of India has a Altman Z2-Score of 0.68, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Power Grid Of India's Altman Z2-Score or its related term are showing as below:
BOM:532898'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.28 Med: 0.67 Max: 1.11
Current: 0.68
During the past 13 years, Power Grid Of India's highest Altman Z2-Score was 1.11. The lowest was -0.28. And the median was 0.67.
Power Grid Of India (BOM:532898) 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.
Altman Z2-Score does not apply to financial companies.
Power Grid Of India Altman Z2-Score Related Terms
Power Grid Of India Altman Z2-Score Historical Data
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The historical data trend for Power Grid Of India'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:532898 vs NEE, SO, DUK: Altman Z2-Score Comparison
For the Utilities - Regulated Electric subindustry, Power Grid Of India'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.
Power Grid Of India Altman Z2-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Power Grid Of India's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Power Grid Of India'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.
Power Grid Of India'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
*
-0.0685
+
3.26
*
0
+
6.72
*
0.0874
+
1.05
*
0.5174
=
0.68
* 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.
Power Grid Of India (BOM:532898) has a Altman Z2-Score of 0.68 as of Jul. 15, 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 Power Grid Of India and its competitors. This is near median its historical median of 0.67. According to the industry distribution chart, Power Grid Of India ranks #397 out of 507 companies in the Utilities - Regulated industry, placing it in the top 78.3%.
Is Power Grid Of India's Altman Z2-Score too high?
Power Grid Of India's current Altman Z2-Score of 0.68 is near median its 10-year median of 0.67. The Utilities - Regulated industry median Altman Z2-Score is 1.56. Power Grid Of India's value of 0.68 is 56.4% below this industry median. Based on the distribution chart, Power Grid Of India ranks #397 out of 507 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Power Grid Of India has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Power Grid Of India's Altman Z2-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Power Grid Of India ranks #397 out of 507 companies for Altman Z2-Score. This places Power Grid Of India in the lower half of its industry. The industry median Altman Z2-Score is 1.56. Power Grid Of India's value of 0.68 is 56.4% below this benchmark. While the company's 10-year median is 0.67 vs. the industry median of 1.56, Power Grid Of India 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 Utilities - Regulated company?
The median Altman Z2-Score among Utilities - Regulated companies is 1.56, based on 507 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. Power Grid Of India's current Altman Z2-Score of 0.68 is 56.4% 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 Power Grid Of India and its competitors. For the Utilities - Regulated industry, the median Altman Z2-Score is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Power Grid Of India's current Altman Z2-Score is 0.68, which is near median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Power Grid Of India stock overvalued right now?
Based on GuruFocus' analysis, Power Grid Of India (BOM:532898) is currently considered Fairly Valued. The stock's GF Value™ is ₹306.50, compared to a current price of ₹280.70 — trading 8.4% below its estimated fair value. The current Altman Z2-Score is 0.68, which is near median its 10-year median of 0.67 and 56.4% below the Utilities - Regulated industry median of 1.56. Power Grid Of India's overall GF Score™ is 81/100 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 Power Grid Of India (BOM:532898), the current Altman Z2-Score is 0.68 as of Jul. 15, 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 Power Grid Of India (BOM:532898) Overvalued in 2026?
Based on GuruFocus' analysis, Power Grid Of India stock appears to be undervalued.
The current stock price of ₹280.70 is trading 8.4% below its estimated GF Value™ of ₹306.50.
GuruFocus considers Power Grid Of India to be Fairly Valued.
Key valuation signals for BOM:532898:
Altman Z2-Score: 0.68 (near median its 10-year median of 0.67)
GF Value™: ₹306.50 vs. price of ₹280.70 (8.4% below fair value)
Industry Position: 56.4% below the Utilities - Regulated median (#397 of 507)
No single metric tells the full story. See the BOM:532898 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Power Grid Corp Of India Ltd is a state-owned electric utility company in India. The activities of the firm are operated through Transmission, Telecom, and Consultancy segments. Under the Transmission division, the company's principal business is the transmission of bulk power across different states of India. Whereas the Telecom division leverages the firm's nationwide transmission infrastructure and operates as a neutral carrier in the point-to-point Bandwidth Leasing Business. The company is also involved in the Consultancy business in which it provides in-house expertise in the Transmission, Distribution, and Telecom sectors, including planning, design, engineering, load dispatch, procurement management, financing, and others. It derives maximum revenue from the Transmission segment.
81GF Score
Get the complete analysis for BOM:532898
Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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