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Tube Investments of IndiaBOM:540762 -1.28%94 Altman Z2-Score is 4.49 as of Jul. 14, 2026, which is 40% above its 10-year median of 3.20. GuruFocus rates BOM:540762 with a GF Score™ of 94/100 and a GF Value™ of ₹4,614.80 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 565 Conglomerates companies, Tube Investments of India ranks better than 56.64% 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:
Tube Investments of India has a Altman Z2-Score of 4.49, 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 Tube Investments of India's Altman Z2-Score or its related term are showing as below:
BOM:540762'
s Altman Z2-Score Range Over the Past 10 Years
Min: 0.91 Med: 3.2 Max: 4.49
Current: 4.49
During the past 12 years, Tube Investments of India's highest Altman Z2-Score was 4.49. The lowest was 0.91. And the median was 3.20.
Tube Investments of India (BOM:540762) 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:540762 vs HON, MMM: Altman Z2-Score Comparison
For the Conglomerates subindustry, Tube Investments 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.
Tube Investments of India Altman Z2-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Tube Investments of India's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Tube Investments of India's Altman Z2-Score falls into.
Tube Investments of India 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.
Tube Investments of India (BOM:540762) has a Altman Z2-Score of 4.49 as of Jul. 14, 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 Tube Investments of India and its competitors. This is 40% above median its historical median of 3.20. Over the past decade, Tube Investments of India's Altman Z2-Score has ranged from 0.91 to 4.49. According to the industry distribution chart, Tube Investments of India ranks #245 out of 565 companies in the Conglomerates industry, placing it in the top 43.4%.
Is Tube Investments of India's Altman Z2-Score too high?
Tube Investments of India's current Altman Z2-Score of 4.49 is 40% above median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 4.49. The Conglomerates industry median Altman Z2-Score is 2.96. Tube Investments of India's value of 4.49 is 51.7% above this industry median. Based on the distribution chart, Tube Investments of India ranks #245 out of 565 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Tube Investments of India has a GF Score™ of 94/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tube Investments of India's Altman Z2-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Tube Investments of India ranks #245 out of 565 companies for Altman Z2-Score. This puts Tube Investments of India in the upper half of its industry. The industry median Altman Z2-Score is 2.96. Tube Investments of India's value of 4.49 is 51.7% above this benchmark. Historically, Tube Investments of India's own Altman Z2-Score has ranged from 0.91 to 4.49 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 2.96, Tube Investments of India 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 Conglomerates company?
The median Altman Z2-Score among Conglomerates companies is 2.96, based on 565 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. Tube Investments of India's current Altman Z2-Score of 4.49 is 51.7% 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 Tube Investments of India and its competitors. For the Conglomerates industry, the median Altman Z2-Score is 2.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tube Investments of India's current Altman Z2-Score is 4.49, which is 40% above median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tube Investments of India stock overvalued right now?
Based on GuruFocus' analysis, Tube Investments of India (BOM:540762) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹4,614.80, compared to a current price of ₹2,921.85 — trading 36.7% below its estimated fair value. The current Altman Z2-Score is 4.49, which is 40% above median its 10-year median of 3.20 and 51.7% above the Conglomerates industry median of 2.96. Tube Investments of India's overall GF Score™ is 94/100 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 Tube Investments of India (BOM:540762), the current Altman Z2-Score is 4.49 as of Jul. 14, 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 Tube Investments of India (BOM:540762) Overvalued in 2026?
Based on GuruFocus' analysis, Tube Investments of India stock appears to be undervalued.
The current stock price of ₹2,921.85 is trading 36.7% below its estimated GF Value™ of ₹4,614.80.
GuruFocus considers Tube Investments of India to be Significantly Undervalued.
Key valuation signals for BOM:540762:
Altman Z2-Score: 4.49 (40% above median its 10-year median of 3.20)
GF Value™: ₹4,614.80 vs. price of ₹2,921.85 (36.7% below fair value)
Industry Position: 51.7% above the Conglomerates median (#245 of 565)
No single metric tells the full story. See the BOM:540762 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tube Investments of India Ltd is a manufacturer of fabricated metal products. The company's operating segments are Mobility, Engineering, Metal Formed Products, and Gear and Gear products, Power systems, Electric vehicle, Industrial segments, and Medical. The Engineering segment consists of cold-rolled steel strips and precision steel tubes. Metal Formed Products segment comprises an automotive and industrial chain, fine-blanked products, stamped products, roll-formed car door frames, and cold rolled formed sections. The Mobility segment comprises bicycles of the standard and special variety and home fitness equipment.
94GF Score
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Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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