Paradeep Parivahan (BOM:544383) Altman Z2-Score: 6.46 (As of Sep. 15, 2026) — 62% Above Median

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BOM:544383 Paradeep Parivahan Ltd BOM:544383
21 GF Score
Price ₹291.00
! 6 Warning Signs
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What is Paradeep Parivahan Altman Z2-Score?

Paradeep Parivahan BOM:544383 -2.59% 21 Altman Z2-Score is 6.46 as of Sep. 15, 2026, which is 62% above its 10-year median of 3.99. GuruFocus rates BOM:544383 with a GF Score™ of 21/100. The stock has 6 warning signs investors should review. Among 944 Transportation companies, Paradeep Parivahan ranks better than 83.05% 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:

Paradeep Parivahan has a Altman Z2-Score of 6.46, 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 Paradeep Parivahan's Altman Z2-Score or its related term are showing as below:

BOM:544383' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.56   Med: 3.99   Max: 6.45
Current: 6.45

During the past 5 years, Paradeep Parivahan's highest Altman Z2-Score was 6.45. The lowest was 1.56. And the median was 3.99.


Paradeep Parivahan  (BOM:544383) 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.


Paradeep Parivahan Altman Z2-Score Related Terms


Paradeep Parivahan Altman Z2-Score Historical Data

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The historical data trend for Paradeep Parivahan'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.

Paradeep Parivahan Altman Z2-Score Chart

Paradeep Parivahan Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
2.21 3.06 5.04 5.74 6.46

Paradeep Parivahan Semi-Annual Data
Mar25 Sep25 Mar26
Altman Z2-Score 0.00 0.00 0.00

BOM:544383 vs UPS, FDX, EXPD: Altman Z2-Score Comparison

For the Integrated Freight & Logistics subindustry, Paradeep Parivahan'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.


Paradeep Parivahan Altman Z2-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Paradeep Parivahan's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Paradeep Parivahan's Altman Z2-Score falls into.


BOM:544383
21GF Score
Paradeep Parivahan Ltd BOM:544383
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Paradeep Parivahan 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.

Paradeep Parivahan'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*0.3746+3.26*0.3632+6.72*0.1868+1.05*1.4848
=6.46

* 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 ₹2,751 Mil.
Total Current Assets was ₹1,911 Mil.
Total Current Liabilities was ₹881 Mil.
Retained Earnings was ₹999 Mil.
Pre-Tax Income was ₹456 Mil.
Interest Expense was ₹-58 Mil.
Total Liabilities was ₹1,107 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
=(1911.425 - 880.804)/2751.49
=0.3746

X2=Retained Earnings/Total Assets
=999.45/2751.49
=0.3632

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(456.1 - -57.834)/2751.49
=0.1868

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(1644.174 - 0)/1107.316
=1.4848

The zones of discrimination were as such:

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

Paradeep Parivahan has a Altman Z2-Score of 6.46 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 6.46 mean?
Paradeep Parivahan (BOM:544383) has a Altman Z2-Score of 6.46 as of Sep. 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 Paradeep Parivahan and its competitors. This is 62% above median its historical median of 3.99. Over the past decade, Paradeep Parivahan's Altman Z2-Score has ranged from 1.56 to 6.45. According to the industry distribution chart, Paradeep Parivahan ranks #160 out of 944 companies in the Transportation industry, placing it in the top 16.9%.
Is Paradeep Parivahan's Altman Z2-Score too high?
Paradeep Parivahan's current Altman Z2-Score of 6.46 is 62% above median its 10-year median of 3.99. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 6.45. The Transportation industry median Altman Z2-Score is 2.91. Paradeep Parivahan's value of 6.46 is 122.4% above this industry median. Based on the distribution chart, Paradeep Parivahan ranks #160 out of 944 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Paradeep Parivahan has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Paradeep Parivahan's Altman Z2-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Paradeep Parivahan ranks #160 out of 944 companies for Altman Z2-Score. This places Paradeep Parivahan in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.91. Paradeep Parivahan's value of 6.46 is 122.4% above this benchmark. Historically, Paradeep Parivahan's own Altman Z2-Score has ranged from 1.56 to 6.45 over the past decade. While the company's 10-year median is 3.99 vs. the industry median of 2.91, Paradeep Parivahan 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 Transportation company?
The median Altman Z2-Score among Transportation companies is 2.91, based on 944 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. Paradeep Parivahan's current Altman Z2-Score of 6.46 is 122.4% 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 Paradeep Parivahan and its competitors. For the Transportation industry, the median Altman Z2-Score is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paradeep Parivahan's current Altman Z2-Score is 6.46, which is 62% above median its own 10-year median of 3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paradeep Parivahan stock overvalued right now?
Paradeep Parivahan (BOM:544383) has a current Altman Z2-Score of 6.46. The current Altman Z2-Score is 6.46, which is 62% above median its 10-year median of 3.99 and 122.4% above the Transportation industry median of 2.91. Paradeep Parivahan's overall GF Score™ is 21/100 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 Paradeep Parivahan (BOM:544383), the current Altman Z2-Score is 6.46 as of Sep. 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.

Paradeep Parivahan Business Description

Address BDA Colony, Plot No A-29, Pallaspalli, Near-Airport, Khorda, Bhubaneswar, OR, IND, 751020
Paradeep Parivahan Ltd is an integrated logistics service provider. It has established ourselves as excavators, cargo handlers, port operations, intra-port transportation, and the handling and transportation of imported cargo. The company is engaged in areas of cargo handling, port operations, Intra-port transportation, handling & transportation of port import cargo, in-plant shifting of bulk raw material & hazardous cargo, railway siding operations, operation of crushers, handling of special attention cargo, earth work, and other related activities.
21GF Score

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