Tandlianwala Sugar MillsKAR:TSML +9.26%64 Altman Z2-Score is 1.75 as of Jun. 30, 2026, which is 65% above its 10-year median of 1.06. GuruFocus rates KAR:TSML with a GF Score™ of 64/100 and a GF Value™ of ₨117.36 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,965 Consumer Packaged Goods companies, Tandlianwala Sugar Mills ranks worse than 71.86% 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.
Tandlianwala Sugar Mills has a Altman Z2-Score of 1.75, indicating it is in Grey Zones. This implies that Tandlianwala Sugar Mills 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 Tandlianwala Sugar Mills's Altman Z2-Score or its related term are showing as below:
KAR:TSML'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.56 Med: 1.06 Max: 2.45
Current: 1.75
During the past 13 years, Tandlianwala Sugar Mills's highest Altman Z2-Score was 2.45. The lowest was -0.56. And the median was 1.06.
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.
KAR:TSML vs MDLZ, HSY, TR: Altman Z2-Score Comparison
For the Confectioners subindustry, Tandlianwala Sugar Mills'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.
Tandlianwala Sugar Mills Altman Z2-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tandlianwala Sugar Mills's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Tandlianwala Sugar Mills'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.
* 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.
Tandlianwala Sugar Mills (KAR:TSML) has a Altman Z2-Score of 1.75 as of Jun. 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 Tandlianwala Sugar Mills and its competitors. This is 65% above median its historical median of 1.06. According to the industry distribution chart, Tandlianwala Sugar Mills ranks #1412 out of 1965 companies in the Consumer Packaged Goods industry, placing it in the top 71.9%.
Is Tandlianwala Sugar Mills' Altman Z2-Score too high?
Tandlianwala Sugar Mills' current Altman Z2-Score of 1.75 is 65% above median its 10-year median of 1.06. The Consumer Packaged Goods industry median Altman Z2-Score is 3.72. Tandlianwala Sugar Mills' value of 1.75 is 53% below this industry median. Based on the distribution chart, Tandlianwala Sugar Mills ranks #1412 out of 1965 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Tandlianwala Sugar Mills has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tandlianwala Sugar Mills' Altman Z2-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Tandlianwala Sugar Mills ranks #1412 out of 1965 companies for Altman Z2-Score. This places Tandlianwala Sugar Mills in the lower half of its industry. The industry median Altman Z2-Score is 3.72. Tandlianwala Sugar Mills' value of 1.75 is 53% below this benchmark. While the company's 10-year median is 1.06 vs. the industry median of 3.72, Tandlianwala Sugar Mills 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 Consumer Packaged Goods company?
The median Altman Z2-Score among Consumer Packaged Goods companies is 3.72, based on 1,965 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. Tandlianwala Sugar Mills's current Altman Z2-Score of 1.75 is 53% 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 Tandlianwala Sugar Mills and its competitors. For the Consumer Packaged Goods industry, the median Altman Z2-Score is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tandlianwala Sugar Mills's current Altman Z2-Score is 1.75, which is 65% above median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandlianwala Sugar Mills stock overvalued right now?
Based on GuruFocus' analysis, Tandlianwala Sugar Mills (KAR:TSML) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨117.36, compared to a current price of ₨637.68 — trading 443.4% above its estimated fair value. The current Altman Z2-Score is 1.75, which is 65% above median its 10-year median of 1.06 and 53% below the Consumer Packaged Goods industry median of 3.72. Tandlianwala Sugar Mills' overall GF Score™ is 64/100 with 9 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 Tandlianwala Sugar Mills (KAR:TSML), the current Altman Z2-Score is 1.75 as of Jun. 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.
Is Tandlianwala Sugar Mills (KAR:TSML) Overvalued in 2026?
Based on GuruFocus' analysis, Tandlianwala Sugar Mills stock appears to be overvalued.
The current stock price of ₨637.68 is trading 443.4% above its estimated GF Value™ of ₨117.36.
GuruFocus considers Tandlianwala Sugar Mills to be Significantly Overvalued.
Key valuation signals for KAR:TSML:
Altman Z2-Score: 1.75 (65% above median its 10-year median of 1.06)
GF Value™: ₨117.36 vs. price of ₨637.68 (443.4% above fair value)
Industry Position: 53% below the Consumer Packaged Goods median (#1412 of 1965)
No single metric tells the full story. See the KAR:TSML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tandlianwala Sugar Mills Ltd is engaged in the production and sale of white crystalline sugar, ethanol, and other allied by-products. The company operates three sugar mills, two ethanol distilleries, and a carbon Dioxide plant. Its operating segments include the Sugar segment, which involves the production of white sugar and molasses from sugarcane; the Ethanol segment, which focuses on the production of ethanol from molasses; and the Top Gas and other segments, which involve the production of top gas. The majority of the company's revenue is generated from the Sugar segment.
64GF Score
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