Disa India (BOM:500068) Altman Z-Score: 8.24 (As of Jul. 06, 2026) — Near Median


BOM:500068 Disa India Ltd BOM:500068
87 GF Score
Price ₹12,339.95
GF Value ₹19,748.74
Valuation Possible Value Trap
! 2 Warning Signs
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What is Disa India Altman Z-Score?

Disa India BOM:500068 +0.32% 87 Altman Z-Score is 8.24 as of Jul. 06, 2026, which is 1% above its 10-year median of 8.13. GuruFocus rates BOM:500068 with a GF Score™ of 87/100 and a GF Value™ of ₹19,748.74 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 3,007 Industrial Products companies, Disa India ranks better than 82.81% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 8.24 is strong.

Disa India has a Altman Z-Score of 8.24, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Disa India's Altman Z-Score or its related term are showing as below:

BOM:500068' s Altman Z-Score Range Over the Past 10 Years
Min: 6.85   Med: 8.13   Max: 11.25
Current: 8.24

During the past 13 years, Disa India's highest Altman Z-Score was 11.25. The lowest was 6.85. And the median was 8.13.


Disa India  (BOM:500068) Altman Z-Score Explanation

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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Disa India Altman Z-Score Related Terms


Disa India Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Disa India's Altman Z-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.

Disa India Altman Z-Score Chart

Disa India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.85 7.60 9.54 9.88 7.57

Disa India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.88 9.93 9.05 8.45 7.57

BOM:500068 vs GEV, ETN, PH: Altman Z-Score Comparison

For the Specialty Industrial Machinery subindustry, Disa India's Altman Z-Score, along with its competitors' market caps and Altman Z-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.


Disa India Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Disa India's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Disa India's Altman Z-Score falls into.


BOM:500068
87GF Score
Disa India Ltd BOM:500068
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Disa India Altman Z-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.

Disa India's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.4241+1.4*0+3.3*0.153+0.6*10.5496+1.0*0.8945
=8.24

* 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 Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ₹4,752 Mil.
Total Current Assets was ₹3,716 Mil.
Total Current Liabilities was ₹1,701 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 179.8 + 204.6 + 164 + 175.4 = ₹724 Mil.
Interest Expense was -0.1 + -0.9 + -1.7 + -0.8 = ₹-4 Mil.
Revenue was 908.1 + 1286.2 + 1037 + 1019.7 = ₹4,251 Mil.
Market Cap (Today) was ₹17,945 Mil.
Total Liabilities was ₹1,701 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
=(3716.3 - 1701)/4752.4
=0.4241

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(723.8 - -3.5)/4752.4
=0.153

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=17944.817/1701
=10.5496

X5=Revenue/Total Assets
=4251/4752.4
=0.8945

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Disa India has a Altman Z-Score of 8.24 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 8.24 mean?
Disa India (BOM:500068) has a Altman Z-Score of 8.24 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Disa India and its competitors. This is near median its historical median of 8.13. Over the past decade, Disa India's Altman Z-Score has ranged from 6.85 to 11.25. According to the industry distribution chart, Disa India ranks #517 out of 3007 companies in the Industrial Products industry, placing it in the top 17.2%.
Is Disa India's Altman Z-Score too high?
Disa India's current Altman Z-Score of 8.24 is near median its 10-year median of 8.13. Over the past 10 years, this metric has ranged from a low of 6.85 to a high of 11.25. The Industrial Products industry median Altman Z-Score is 3.40. Disa India's value of 8.24 is 142.4% above this industry median. Based on the distribution chart, Disa India ranks #517 out of 3007 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Disa India has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Disa India's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Disa India ranks #517 out of 3007 companies for Altman Z-Score. This places Disa India in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.40. Disa India's value of 8.24 is 142.4% above this benchmark. Historically, Disa India's own Altman Z-Score has ranged from 6.85 to 11.25 over the past decade. While the company's 10-year median is 8.13 vs. the industry median of 3.40, Disa India 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 Z-Score for an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.40, based on 3,007 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Disa India's current Altman Z-Score of 8.24 is 142.4% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Disa India and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Disa India's current Altman Z-Score is 8.24, which is near median its own 10-year median of 8.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Disa India stock overvalued right now?
Based on GuruFocus' analysis, Disa India (BOM:500068) is currently considered Possible Value Trap. The stock's GF Value™ is ₹19,748.74, compared to a current price of ₹12,339.95 — trading 37.5% below its estimated fair value. The current Altman Z-Score is 8.24, which is near median its 10-year median of 8.13 and 142.4% above the Industrial Products industry median of 3.40. Disa India's overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Disa India (BOM:500068), the current Altman Z-Score is 8.24 as of Jul. 06, 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 Disa India (BOM:500068) Overvalued in 2026?

Based on GuruFocus' analysis, Disa India stock appears to be undervalued. The current stock price of ₹12,339.95 is trading 37.5% below its estimated GF Value™ of ₹19,748.74. GuruFocus considers Disa India to be Possible Value Trap.

Key valuation signals for BOM:500068:

  • Altman Z-Score: 8.24 (near median its 10-year median of 8.13)
  • GF Value™: ₹19,748.74 vs. price of ₹12,339.95 (37.5% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 142.4% above the Industrial Products median (#517 of 3007)

No single metric tells the full story. See the BOM:500068 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Disa India Business Description

Address 26/1, Dr. Rajkumar Road, Brigade Gateway Campus, 6th Floor, Unit No. S-604, World Trade Center, Malleswaram-Rajajinagar, Bengaluru, KA, IND, 560055
Disa India Ltd is an India-based company engaged in the manufacture of foundry machinery and machinery parts. It develops and manufactures a range of metal casting production solutions for the ferrous and non-ferrous foundry industries. Its product portfolio includes DISAMATIC, DISA MATCH, and DISA FLEX, among others. Manufacturing and selling of foundry machinery and machinery parts is identified as single operating segment of the company. Geographically the group provides its services in India and overseas markets, of which a majority of revenue is derived within India.
87GF Score

Get the complete analysis for BOM:500068

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

₹12,339.95
Price
₹19,748.74
GF Value