Sudarshan Pharma Industries (BOM:543828) Altman Z2-Score: 1.28 (As of Aug. 06, 2026) — 34% Below Median

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BOM:543828 Sudarshan Pharma Industries Ltd BOM:543828
69 GF Score
Price ₹32.49
GF Value ₹6.52
Valuation Significantly Overvalued
! 14 Warning Signs
View Full Analysis

What is Sudarshan Pharma Industries Altman Z2-Score?

Sudarshan Pharma Industries BOM:543828 -5.00% 69 Altman Z2-Score is 1.28 as of Aug. 06, 2026, which is 34% below its 10-year median of 1.94. GuruFocus rates BOM:543828 with a GF Score™ of 69/100 and a GF Value™ of ₹6.52 (Significantly Overvalued). The stock has 14 warning signs investors should review. Among 1,530 Chemicals companies, Sudarshan Pharma Industries ranks worse than 81.11% 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.

Sudarshan Pharma Industries has a Altman Z2-Score of 1.28, indicating it is in Grey Zones. This implies that Sudarshan Pharma Industries is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.

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 Sudarshan Pharma Industries's Altman Z2-Score or its related term are showing as below:

BOM:543828' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.28   Med: 1.94   Max: 3.07
Current: 1.28

During the past 10 years, Sudarshan Pharma Industries's highest Altman Z2-Score was 3.07. The lowest was 1.28. And the median was 1.94.


Sudarshan Pharma Industries  (BOM:543828) 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.


Sudarshan Pharma Industries Altman Z2-Score Related Terms


Sudarshan Pharma Industries Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Sudarshan Pharma Industries'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.

Sudarshan Pharma Industries Altman Z2-Score Chart

Sudarshan Pharma Industries 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 1.58 3.07 2.46 2.33 1.28

Sudarshan Pharma Industries Quarterly Data
Mar17 Mar18 Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 2.33 0.00 1.81 0.00 1.28

BOM:543828 vs DOW: Altman Z2-Score Comparison

For the Chemicals subindustry, Sudarshan Pharma 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.


Sudarshan Pharma Industries Altman Z2-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sudarshan Pharma Industries's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Sudarshan Pharma Industries's Altman Z2-Score falls into.


BOM:543828
69GF Score
Sudarshan Pharma Industries Ltd BOM:543828
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sudarshan Pharma 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.

Sudarshan Pharma Industries'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*0.0532+3.26*0+6.72*0.0876+1.05*0.322
=1.28

* 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 ₹6,417 Mil.
Total Current Assets was ₹4,903 Mil.
Total Current Liabilities was ₹4,561 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 157.043 + 51.984 + 42.28 + 54.091 = ₹305 Mil.
Interest Expense was -75.264 + -62.79 + -59.377 + -59.576 = ₹-257 Mil.
Total Liabilities was ₹4,854 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
=(4902.649 - 4561.192)/6417.491
=0.0532

X2=Retained Earnings/Total Assets
=0/6417.491
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(305.398 - -257.007)/6417.491
=0.0876

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(1563.171 - 0)/4854.32
=0.322

The zones of discrimination were as such:

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

Sudarshan Pharma Industries has a Altman Z2-Score of 1.28 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 1.28 mean?
Sudarshan Pharma Industries (BOM:543828) has a Altman Z2-Score of 1.28 as of Aug. 06, 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 Sudarshan Pharma Industries and its competitors. This is 34% below median its historical median of 1.94. Over the past decade, Sudarshan Pharma Industries' Altman Z2-Score has ranged from 1.28 to 3.07. According to the industry distribution chart, Sudarshan Pharma Industries ranks #1241 out of 1530 companies in the Chemicals industry, placing it in the top 81.1%.
Is Sudarshan Pharma Industries' Altman Z2-Score too high?
Sudarshan Pharma Industries' current Altman Z2-Score of 1.28 is 34% below median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 3.07. The Chemicals industry median Altman Z2-Score is 3.94. Sudarshan Pharma Industries' value of 1.28 is 67.5% below this industry median. Based on the distribution chart, Sudarshan Pharma Industries ranks #1241 out of 1530 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Sudarshan Pharma Industries has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sudarshan Pharma Industries' Altman Z2-Score compare to DOW?
According to the Chemicals industry distribution chart, Sudarshan Pharma Industries ranks #1241 out of 1530 companies for Altman Z2-Score. This places Sudarshan Pharma Industries in the lower half of its industry. The industry median Altman Z2-Score is 3.94. Sudarshan Pharma Industries' value of 1.28 is 67.5% below this benchmark. Historically, Sudarshan Pharma Industries' own Altman Z2-Score has ranged from 1.28 to 3.07 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 3.94, Sudarshan Pharma Industries 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 a Chemicals company?
The median Altman Z2-Score among Chemicals companies is 3.94, based on 1,530 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. Sudarshan Pharma Industries's current Altman Z2-Score of 1.28 is 67.5% 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 Sudarshan Pharma Industries and its competitors. For the Chemicals industry, the median Altman Z2-Score is 3.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sudarshan Pharma Industries's current Altman Z2-Score is 1.28, which is 34% below median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sudarshan Pharma Industries stock overvalued right now?
Based on GuruFocus' analysis, Sudarshan Pharma Industries (BOM:543828) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹6.52, compared to a current price of ₹32.49 — trading 398.3% above its estimated fair value. The current Altman Z2-Score is 1.28, which is 34% below median its 10-year median of 1.94 and 67.5% below the Chemicals industry median of 3.94. Sudarshan Pharma Industries' overall GF Score™ is 69/100 with 14 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 Sudarshan Pharma Industries (BOM:543828), the current Altman Z2-Score is 1.28 as of Aug. 06, 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 Sudarshan Pharma Industries (BOM:543828) Overvalued in 2026?

Based on GuruFocus' analysis, Sudarshan Pharma Industries stock appears to be overvalued. The current stock price of ₹32.49 is trading 398.3% above its estimated GF Value™ of ₹6.52. GuruFocus considers Sudarshan Pharma Industries to be Significantly Overvalued.

Key valuation signals for BOM:543828:

  • Altman Z2-Score: 1.28 (34% below median its 10-year median of 1.94)
  • GF Value™: ₹6.52 vs. price of ₹32.49 (398.3% above fair value)
  • GF Score™: 69/100 with 14 warning signs
  • Industry Position: 67.5% below the Chemicals median (#1241 of 1530)

No single metric tells the full story. See the BOM:543828 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sudarshan Pharma Industries Business Description

Address S V Road, 301, 3rd Floor, Aura Biplex, Above Kalyan Jewellers, Borivali (West), Mumbai, MH, IND, 400092
Sudarshan Pharma Industries Ltd operates in the pharmaceutical and chemical industries, focusing on specialty chemicals and intermediates used in pharmaceuticals, paints, food products, and adhesives. The Company has a presence domestically and internationally, participating regularly in trade fairs and exhibitions. The Company exports mainly to South East Asia, the Middle East, and North Africa. The Company also supplies generic pharmaceutical formulation as 'Make to order' for bulk supply to hospitals and related healthcare organisations. The company has one reportable segment of Specialty Chemicals.
69GF Score

Get the complete analysis for BOM:543828

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

₹32.49
Price
₹6.52
GF Value