Shree Marutinandan Tubes (BOM:544083) Altman Z2-Score: 4.92 (As of Jul. 30, 2026) — 28% Above Median

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BOM:544083 Shree Marutinandan Tubes Ltd BOM:544083
43 GF Score
Price ₹48.50
! 3 Warning Signs
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What is Shree Marutinandan Tubes Altman Z2-Score?

Shree Marutinandan Tubes BOM:544083 43 Altman Z2-Score is 4.92 as of Jul. 30, 2026, which is 28% above its 10-year median of 3.83. GuruFocus rates BOM:544083 with a GF Score™ of 43/100. The stock has 3 warning signs investors should review. Among 153 Industrial Distribution companies, Shree Marutinandan Tubes ranks better than 60.13% 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:

Shree Marutinandan Tubes has a Altman Z2-Score of 4.92, 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 Shree Marutinandan Tubes's Altman Z2-Score or its related term are showing as below:

BOM:544083' s Altman Z2-Score Range Over the Past 10 Years
Min: 2.02   Med: 3.83   Max: 6.24
Current: 4.92

During the past 6 years, Shree Marutinandan Tubes's highest Altman Z2-Score was 6.24. The lowest was 2.02. And the median was 3.83.


Shree Marutinandan Tubes  (BOM:544083) 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.


Shree Marutinandan Tubes Altman Z2-Score Related Terms


Shree Marutinandan Tubes Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Shree Marutinandan Tubes'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.

Shree Marutinandan Tubes Altman Z2-Score Chart

Shree Marutinandan Tubes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
Get a 7-Day Free Trial 2.02 4.02 6.24 3.64 4.92

Shree Marutinandan Tubes Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only 6.24 0.00 3.64 0.00 4.92

BOM:544083 vs GWW, FAST, FERG: Altman Z2-Score Comparison

For the Industrial Distribution subindustry, Shree Marutinandan Tubes'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.


Shree Marutinandan Tubes Altman Z2-Score vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Shree Marutinandan Tubes's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Shree Marutinandan Tubes's Altman Z2-Score falls into.


BOM:544083
43GF Score
Shree Marutinandan Tubes Ltd BOM:544083
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Shree Marutinandan Tubes 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.

Shree Marutinandan Tubes'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*0.444+3.26*0+6.72*0.0903+1.05*1.3329
=4.92

* 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 ₹661 Mil.
Total Current Assets was ₹570 Mil.
Total Current Liabilities was ₹276 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was ₹47 Mil.
Interest Expense was ₹-13 Mil.
Total Liabilities was ₹283 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
=(569.835 - 276.388)/660.97
=0.444

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(47.146 - -12.561)/660.97
=0.0903

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(377.649 - 0)/283.321
=1.3329

The zones of discrimination were as such:

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

Shree Marutinandan Tubes has a Altman Z2-Score of 4.92 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 4.92 mean?
Shree Marutinandan Tubes (BOM:544083) has a Altman Z2-Score of 4.92 as of Jul. 30, 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 Shree Marutinandan Tubes and its competitors. This is 28% above median its historical median of 3.83. Over the past decade, Shree Marutinandan Tubes' Altman Z2-Score has ranged from 2.02 to 6.24. According to the industry distribution chart, Shree Marutinandan Tubes ranks #61 out of 153 companies in the Industrial Distribution industry, placing it in the top 39.9%.
Is Shree Marutinandan Tubes' Altman Z2-Score too high?
Shree Marutinandan Tubes' current Altman Z2-Score of 4.92 is 28% above median its 10-year median of 3.83. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 6.24. The Industrial Distribution industry median Altman Z2-Score is 4.24. Shree Marutinandan Tubes' value of 4.92 is 16% above this industry median. Based on the distribution chart, Shree Marutinandan Tubes ranks #61 out of 153 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Shree Marutinandan Tubes has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Shree Marutinandan Tubes' Altman Z2-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Shree Marutinandan Tubes ranks #61 out of 153 companies for Altman Z2-Score. This puts Shree Marutinandan Tubes in the upper half of its industry. The industry median Altman Z2-Score is 4.24. Shree Marutinandan Tubes' value of 4.92 is 16% above this benchmark. Historically, Shree Marutinandan Tubes' own Altman Z2-Score has ranged from 2.02 to 6.24 over the past decade. While the company's 10-year median is 3.83 vs. the industry median of 4.24, Shree Marutinandan Tubes 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 an Industrial Distribution company?
The median Altman Z2-Score among Industrial Distribution companies is 4.24, based on 153 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. Shree Marutinandan Tubes's current Altman Z2-Score of 4.92 is 16% 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 Shree Marutinandan Tubes and its competitors. For the Industrial Distribution industry, the median Altman Z2-Score is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shree Marutinandan Tubes's current Altman Z2-Score is 4.92, which is 28% above median its own 10-year median of 3.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shree Marutinandan Tubes stock overvalued right now?
Shree Marutinandan Tubes (BOM:544083) has a current Altman Z2-Score of 4.92. The current Altman Z2-Score is 4.92, which is 28% above median its 10-year median of 3.83 and 16% above the Industrial Distribution industry median of 4.24. Shree Marutinandan Tubes' overall GF Score™ is 43/100 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 Shree Marutinandan Tubes (BOM:544083), the current Altman Z2-Score is 4.92 as of Jul. 30, 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.

Shree Marutinandan Tubes Business Description

Address S.P Ring Road, A-21, Second Floor, Amrapali Complex, Bopal, Ahmedabad, GJ, IND, 380058
Shree Marutinandan Tubes Ltd is engaged in the trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERW MS) Pipes (round pipes, square and rectangular hollow sections in various specifications, sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. Its products are widely used in various industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial etc.
43GF Score

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