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Katare Spinning MillsBOM:502933 43 Altman Z-Score is -0.01 as of Jul. 16, 2026. GuruFocus rates BOM:502933 with a GF Score™ of 43/100 and a GF Value™ of ₹101.80 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,029 Manufacturing - Apparel & Accessories companies, Katare Spinning Mills ranks worse than 94.17% 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.
Warning Sign:
Altman Z-score of -0.01 is in distress zone. This implies bankruptcy possibility in the next two years.
Katare Spinning Mills has a Altman Z-Score of -0.01, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Katare Spinning Mills's Altman Z-Score or its related term are showing as below:
BOM:502933'
s Altman Z-Score Range Over the Past 10 Years
Min: -1.04 Med: 0.34 Max: 17.03
Current: -0.01
During the past 13 years, Katare Spinning Mills's highest Altman Z-Score was 17.03. The lowest was -1.04. And the median was 0.34.
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.
Altman Z-Score does not apply to financial companies.
Katare Spinning Mills Altman Z-Score Related Terms
Katare Spinning Mills Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Katare Spinning Mills'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.
For the Textile Manufacturing subindustry, Katare Spinning Mills'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.
Katare Spinning Mills Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Katare Spinning Mills's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Katare Spinning Mills's Altman Z-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.
* 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.
Katare Spinning Mills (BOM:502933) has a Altman Z-Score of -0.01 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Katare Spinning Mills and its competitors. According to the industry distribution chart, Katare Spinning Mills ranks #969 out of 1029 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 94.2%.
Is Katare Spinning Mills' Altman Z-Score too high?
Katare Spinning Mills' current Altman Z-Score is -0.01. Based on the distribution chart, Katare Spinning Mills ranks #969 out of 1029 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Katare Spinning Mills has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Katare Spinning Mills' Altman Z-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Katare Spinning Mills ranks #969 out of 1029 companies for Altman Z-Score. This places Katare Spinning Mills in the lower half of its industry. The industry median Altman Z-Score is 2.49. 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 a Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.49, based on 1,029 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. 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 Katare Spinning Mills and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Katare Spinning Mills's current Altman Z-Score is -0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Katare Spinning Mills stock overvalued right now?
Based on GuruFocus' analysis, Katare Spinning Mills (BOM:502933) is currently considered Fairly Valued. The stock's GF Value™ is ₹101.80, compared to a current price of ₹101.75 — trading 0% below its estimated fair value. The current Altman Z-Score is -0.01. Katare Spinning Mills' overall GF Score™ is 43/100 with 10 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 Katare Spinning Mills (BOM:502933), the current Altman Z-Score is -0.01 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 Katare Spinning Mills (BOM:502933) Overvalued in 2026?
Based on GuruFocus' analysis, Katare Spinning Mills stock appears to be undervalued.
The current stock price of ₹101.75 is trading 0% below its estimated GF Value™ of ₹101.80.
GuruFocus considers Katare Spinning Mills to be Fairly Valued.
Key valuation signals for BOM:502933:
Altman Z-Score: -0.01
GF Value™: ₹101.80 vs. price of ₹101.75 (0% below fair value)
No single metric tells the full story. See the BOM:502933 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Katare Spinning Mills Ltd is an India-based company. It is engaged in the business of manufacturing of cotton yarn, solar power generation, and hospitality. Katare Spinning Mills operates through various segments that are Spinning Division and Solar Power. The Spinning Mill segment generates maximum revenue for the company.
43GF Score
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