Salasar Exterior And Contour (NSE:SECL) Altman Z2-Score: 4.45 (As of Jul. 02, 2026) — 29% Above Median


NSE:SECL Salasar Exterior And Contour Ltd NSE:SECL
50 GF Score
Price ₹3.00
GF Value ₹101.70
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Salasar Exterior And Contour Altman Z2-Score?

Salasar Exterior And Contour NSE:SECL 50 Altman Z2-Score is 4.45 as of Jul. 02, 2026, which is 29% above its 10-year median of 3.45. GuruFocus rates NSE:SECL with a GF Score™ of 50/100 and a GF Value™ of ₹101.70 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,761 Construction companies, Salasar Exterior And Contour ranks better than 65.42% 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:

Salasar Exterior And Contour has a Altman Z2-Score of 4.45, 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 Salasar Exterior And Contour's Altman Z2-Score or its related term are showing as below:

NSE:SECL' s Altman Z2-Score Range Over the Past 10 Years
Min: 0.39   Med: 3.45   Max: 4.9
Current: 4.45

During the past 12 years, Salasar Exterior And Contour's highest Altman Z2-Score was 4.90. The lowest was 0.39. And the median was 3.45.


Salasar Exterior And Contour  (NSE:SECL) 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.


Salasar Exterior And Contour Altman Z2-Score Related Terms


Salasar Exterior And Contour Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Salasar Exterior And Contour'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.

Salasar Exterior And Contour Altman Z2-Score Chart

Salasar Exterior And Contour Annual Data
Trend Mar16 Mar17 Mar18 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.97 3.45 4.90 4.88 4.45

Salasar Exterior And Contour Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 4.90 0.00 4.88 0.00 4.45

NSE:SECL vs PWR, FIX, EME: Altman Z2-Score Comparison

For the Engineering & Construction subindustry, Salasar Exterior And Contour'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.


Salasar Exterior And Contour Altman Z2-Score vs Construction Industry

For the Construction industry and Industrials sector, Salasar Exterior And Contour's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Salasar Exterior And Contour's Altman Z2-Score falls into.


NSE:SECL
50GF Score
Salasar Exterior And Contour Ltd NSE:SECL
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Salasar Exterior And Contour 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.

Salasar Exterior And Contour'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*0.6382+3.26*0+6.72*-0.0417+1.05*0.5179
=4.45

* 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 ₹328.63 Mil.
Total Current Assets was ₹326.16 Mil.
Total Current Liabilities was ₹116.41 Mil.
Retained Earnings was ₹0.00 Mil.
Pre-Tax Income was ₹-13.70 Mil.
Interest Expense was ₹0.00 Mil.
Total Liabilities was ₹216.51 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
=(326.155 - 116.41)/328.631
=0.6382

X2=Retained Earnings/Total Assets
=0/328.631
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-13.695 - 0)/328.631
=-0.0417

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(112.123 - 0)/216.508
=0.5179

The zones of discrimination were as such:

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

Salasar Exterior And Contour has a Altman Z2-Score of 4.45 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 4.45 mean?
Salasar Exterior And Contour (NSE:SECL) has a Altman Z2-Score of 4.45 as of Jul. 02, 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 Salasar Exterior And Contour and its competitors. This is 29% above median its historical median of 3.45. Over the past decade, Salasar Exterior And Contour's Altman Z2-Score has ranged from 0.39 to 4.90. According to the industry distribution chart, Salasar Exterior And Contour ranks #609 out of 1761 companies in the Construction industry, placing it in the top 34.6%.
Is Salasar Exterior And Contour's Altman Z2-Score too high?
Salasar Exterior And Contour's current Altman Z2-Score of 4.45 is 29% above median its 10-year median of 3.45. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 4.90. The Construction industry median Altman Z2-Score is 3.20. Salasar Exterior And Contour's value of 4.45 is 39.1% above this industry median. Based on the distribution chart, Salasar Exterior And Contour ranks #609 out of 1761 companies in the Construction industry, which is above the industry midpoint. Overall, Salasar Exterior And Contour has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Salasar Exterior And Contour's Altman Z2-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Salasar Exterior And Contour ranks #609 out of 1761 companies for Altman Z2-Score. This puts Salasar Exterior And Contour in the upper half of its industry. The industry median Altman Z2-Score is 3.20. Salasar Exterior And Contour's value of 4.45 is 39.1% above this benchmark. Historically, Salasar Exterior And Contour's own Altman Z2-Score has ranged from 0.39 to 4.90 over the past decade. While the company's 10-year median is 3.45 vs. the industry median of 3.20, Salasar Exterior And Contour 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 Construction company?
The median Altman Z2-Score among Construction companies is 3.20, based on 1,761 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. Salasar Exterior And Contour's current Altman Z2-Score of 4.45 is 39.1% 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 Salasar Exterior And Contour and its competitors. For the Construction industry, the median Altman Z2-Score is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Salasar Exterior And Contour's current Altman Z2-Score is 4.45, which is 29% above median its own 10-year median of 3.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salasar Exterior And Contour stock overvalued right now?
Based on GuruFocus' analysis, Salasar Exterior And Contour (NSE:SECL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹101.70, compared to a current price of ₹3.00 — trading 97.1% below its estimated fair value. The current Altman Z2-Score is 4.45, which is 29% above median its 10-year median of 3.45 and 39.1% above the Construction industry median of 3.20. Salasar Exterior And Contour's overall GF Score™ is 50/100 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 Salasar Exterior And Contour (NSE:SECL), the current Altman Z2-Score is 4.45 as of Jul. 02, 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 Salasar Exterior And Contour (NSE:SECL) Overvalued in 2026?

Based on GuruFocus' analysis, Salasar Exterior And Contour stock appears to be undervalued. The current stock price of ₹3.00 is trading 97.1% below its estimated GF Value™ of ₹101.70. GuruFocus considers Salasar Exterior And Contour to be Possible Value Trap.

Key valuation signals for NSE:SECL:

  • Altman Z2-Score: 4.45 (29% above median its 10-year median of 3.45)
  • GF Value™: ₹101.70 vs. price of ₹3.00 (97.1% below fair value)
  • GF Score™: 50/100 with 2 warning signs
  • Industry Position: 39.1% above the Construction median (#609 of 1761)

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


Salasar Exterior And Contour Business Description

Address Near Rajat Book Co, Off Nagardas Road, B-3A, Ground Floor, Swapnalok Apts CHSL, Andheri East, Mogra, Mumbai, MH, IND, 400069
Salasar Exterior and Contour Ltd is engaged in the business of trading units, residential buildings, and the sale of construction services. The company offers interior design solutions for residential and commercial spaces and provides construction services focused on building sustainable structures. It also operates in the agriculture sector, delivering modern and eco-friendly farming solutions. In addition, the company specializes in the import and export of spices, agricultural seeds, and cashews.
50GF Score

Get the complete analysis for NSE:SECL

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

₹3.00
Price
₹101.70
GF Value