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Voltamp TransformersNSE:VOLTAMP -0.13%97 Altman Z2-Score is 13.83 as of Jul. 16, 2026, which is 10% below its 10-year median of 15.29. GuruFocus rates NSE:VOLTAMP with a GF Score™ of 97/100 and a GF Value™ of ₹9,606.41 (Fairly Valued). The stock has 2 warning signs investors should review. Among 3,034 Industrial Products companies, Voltamp Transformers ranks better than 95.45% 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:
Voltamp Transformers has a Altman Z2-Score of 13.83, 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 Voltamp Transformers's Altman Z2-Score or its related term are showing as below:
NSE:VOLTAMP'
s Altman Z2-Score Range Over the Past 10 Years
Min: 13.38 Med: 15.29 Max: 17.27
Current: 13.83
During the past 13 years, Voltamp Transformers's highest Altman Z2-Score was 17.27. The lowest was 13.38. And the median was 15.29.
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.
Altman Z2-Score does not apply to financial companies.
Voltamp Transformers Altman Z2-Score Related Terms
Voltamp Transformers Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Voltamp Transformers'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.
NSE:VOLTAMP vs VRT, BE: Altman Z2-Score Comparison
For the Electrical Equipment & Parts subindustry, Voltamp Transformers'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.
Voltamp Transformers Altman Z2-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Voltamp Transformers's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Voltamp Transformers'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.
Voltamp Transformers'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
*
0.3046
+
3.26
*
0.6624
+
6.72
*
0.2018
+
1.05
*
7.9227
=
13.83
* 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.
Voltamp Transformers (NSE:VOLTAMP) has a Altman Z2-Score of 13.83 as of Jul. 16, 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 Voltamp Transformers and its competitors. This is 10% below median its historical median of 15.29. Over the past decade, Voltamp Transformers' Altman Z2-Score has ranged from 13.38 to 17.27. According to the industry distribution chart, Voltamp Transformers ranks #138 out of 3034 companies in the Industrial Products industry, placing it in the top 4.5%.
Is Voltamp Transformers' Altman Z2-Score too high?
Voltamp Transformers' current Altman Z2-Score of 13.83 is 10% below median its 10-year median of 15.29. Over the past 10 years, this metric has ranged from a low of 13.38 to a high of 17.27. The Industrial Products industry median Altman Z2-Score is 4.28. Voltamp Transformers' value of 13.83 is 223.1% above this industry median. Based on the distribution chart, Voltamp Transformers ranks #138 out of 3034 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Voltamp Transformers has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Voltamp Transformers' Altman Z2-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Voltamp Transformers ranks #138 out of 3034 companies for Altman Z2-Score. This places Voltamp Transformers in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.28. Voltamp Transformers' value of 13.83 is 223.1% above this benchmark. Historically, Voltamp Transformers' own Altman Z2-Score has ranged from 13.38 to 17.27 over the past decade. While the company's 10-year median is 15.29 vs. the industry median of 4.28, Voltamp Transformers 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 Products company?
The median Altman Z2-Score among Industrial Products companies is 4.28, based on 3,034 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. Voltamp Transformers's current Altman Z2-Score of 13.83 is 223.1% 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 Voltamp Transformers and its competitors. For the Industrial Products industry, the median Altman Z2-Score is 4.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voltamp Transformers's current Altman Z2-Score is 13.83, which is 10% below median its own 10-year median of 15.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voltamp Transformers stock overvalued right now?
Based on GuruFocus' analysis, Voltamp Transformers (NSE:VOLTAMP) is currently considered Fairly Valued. The stock's GF Value™ is ₹9,606.41, compared to a current price of ₹9,398.00 — trading 2.2% below its estimated fair value. The current Altman Z2-Score is 13.83, which is 10% below median its 10-year median of 15.29 and 223.1% above the Industrial Products industry median of 4.28. Voltamp Transformers' overall GF Score™ is 97/100 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 Voltamp Transformers (NSE:VOLTAMP), the current Altman Z2-Score is 13.83 as of Jul. 16, 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 Voltamp Transformers (NSE:VOLTAMP) Overvalued in 2026?
Based on GuruFocus' analysis, Voltamp Transformers stock appears to be undervalued.
The current stock price of ₹9,398.00 is trading 2.2% below its estimated GF Value™ of ₹9,606.41.
GuruFocus considers Voltamp Transformers to be Fairly Valued.
Key valuation signals for NSE:VOLTAMP:
Altman Z2-Score: 13.83 (10% below median its 10-year median of 15.29)
GF Value™: ₹9,606.41 vs. price of ₹9,398.00 (2.2% below fair value)
Industry Position: 223.1% above the Industrial Products median (#138 of 3034)
No single metric tells the full story. See the NSE:VOLTAMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Voltamp Transformers Ltd is an India-based company engaged in the manufacture of electrical transformers. Its products include Oil-filled transformers, Cast resin transformers, Unitized substations, Induction furnace transformers, and lighting transformers. It also offers repair, overhauling, conversion, and maintenance services for transformers, and supplies spares for transformers. The company has only one operating segment, i.e., manufacturing of electrical transformers.
97GF Score
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