Usha Financial ServicesNSE:USHAFIN 12 Altman Z2-Score is 7.65 as of Jul. 04, 2026, which is 115% above its 10-year median of 3.56. GuruFocus rates NSE:USHAFIN with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 419 Credit Services companies, Usha Financial Services ranks better than 71.6% 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:
Usha Financial Services has a Altman Z2-Score of 7.65, 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 Usha Financial Services's Altman Z2-Score or its related term are showing as below:
NSE:USHAFIN'
s Altman Z2-Score Range Over the Past 10 Years
Min: 2.52 Med: 3.56 Max: 7.65
Current: 7.65
During the past 5 years, Usha Financial Services's highest Altman Z2-Score was 7.65. The lowest was 2.52. And the median was 3.56.
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.
NSE:USHAFIN vs V, MA, AXP: Altman Z2-Score Comparison
For the Credit Services subindustry, Usha Financial Services'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.
Usha Financial Services Altman Z2-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Usha Financial Services's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Usha Financial Services'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.
Usha Financial Services (NSE:USHAFIN) has a Altman Z2-Score of 7.65 as of Jul. 04, 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 Usha Financial Services and its competitors. This is 115% above median its historical median of 3.56. Over the past decade, Usha Financial Services' Altman Z2-Score has ranged from 2.52 to 7.65. According to the industry distribution chart, Usha Financial Services ranks #119 out of 419 companies in the Credit Services industry, placing it in the top 28.4%.
Is Usha Financial Services' Altman Z2-Score too high?
Usha Financial Services' current Altman Z2-Score of 7.65 is 115% above median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 2.52 to a high of 7.65. The Credit Services industry median Altman Z2-Score is 5.67. Usha Financial Services' value of 7.65 is 34.9% above this industry median. Based on the distribution chart, Usha Financial Services ranks #119 out of 419 companies in the Credit Services industry, which is above the industry midpoint. Overall, Usha Financial Services has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Usha Financial Services' Altman Z2-Score compare to V and MA?
According to the Credit Services industry distribution chart, Usha Financial Services ranks #119 out of 419 companies for Altman Z2-Score. This puts Usha Financial Services in the upper half of its industry. The industry median Altman Z2-Score is 5.67. Usha Financial Services' value of 7.65 is 34.9% above this benchmark. Historically, Usha Financial Services' own Altman Z2-Score has ranged from 2.52 to 7.65 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 5.67, Usha Financial Services 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 Credit Services company?
The median Altman Z2-Score among Credit Services companies is 5.67, based on 419 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. Usha Financial Services's current Altman Z2-Score of 7.65 is 34.9% 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 Usha Financial Services and its competitors. For the Credit Services industry, the median Altman Z2-Score is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usha Financial Services's current Altman Z2-Score is 7.65, which is 115% above median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usha Financial Services stock overvalued right now?
Usha Financial Services (NSE:USHAFIN) has a current Altman Z2-Score of 7.65. The current Altman Z2-Score is 7.65, which is 115% above median its 10-year median of 3.56 and 34.9% above the Credit Services industry median of 5.67. Usha Financial Services' overall GF Score™ is 12/100 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 Usha Financial Services (NSE:USHAFIN), the current Altman Z2-Score is 7.65 as of Jul. 04, 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.
Usha Financial Services Ltd is a non-banking finance company. It provides lending solutions to fellow NBFCs, corporates, MSMEs, and individuals, particularly to women entrepreneurs. The company's services also extend to Electric vehicle (EV) financing. It provides diversified financial products to individuals, bodies corporates, NBFCs, and MSMEs.
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