Flomic Global Logistics (BOM:504380) Altman Z-Score: 3.11 (As of Jul. 15, 2026) — 25% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:504380 Flomic Global Logistics Ltd BOM:504380
67 GF Score
Price ₹52.00
GF Value ₹72.99
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Flomic Global Logistics Altman Z-Score?

Flomic Global Logistics BOM:504380 +1.96% 67 Altman Z-Score is 3.11 as of Jul. 15, 2026, which is 25% above its 10-year median of 2.49. GuruFocus rates BOM:504380 with a GF Score™ of 67/100 and a GF Value™ of ₹72.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 995 Transportation companies, Flomic Global Logistics ranks better than 67.24% 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 3.11 is strong.

Flomic Global Logistics has a Altman Z-Score of 3.11, 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 Flomic Global Logistics's Altman Z-Score or its related term are showing as below:

BOM:504380' s Altman Z-Score Range Over the Past 10 Years
Min: 0.83   Med: 2.49   Max: 4.66
Current: 3.11

During the past 13 years, Flomic Global Logistics's highest Altman Z-Score was 4.66. The lowest was 0.83. And the median was 2.49.


Flomic Global Logistics  (BOM:504380) 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.


Flomic Global Logistics Altman Z-Score Related Terms


Flomic Global Logistics Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Flomic Global Logistics'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.

Flomic Global Logistics Altman Z-Score Chart

Flomic Global Logistics 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 4.66 4.62 2.49 3.29 2.99

Flomic Global Logistics 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 3.29 3.25 3.10 2.85 2.99

BOM:504380 vs UPS, FDX, JBHT: Altman Z-Score Comparison

For the Integrated Freight & Logistics subindustry, Flomic Global Logistics'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.


Flomic Global Logistics Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Flomic Global Logistics's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Flomic Global Logistics's Altman Z-Score falls into.


BOM:504380
67GF Score
Flomic Global Logistics Ltd BOM:504380
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flomic Global Logistics 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.

Flomic Global Logistics'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*0.0399+1.4*0+3.3*0.0637+0.6*0.7211+1.0*2.4233
=3.11

* 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 ₹1,782 Mil.
Total Current Assets was ₹935 Mil.
Total Current Liabilities was ₹864 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 40.728 + 6.942 + -7.762 + -32.984 = ₹7 Mil.
Interest Expense was -23.269 + -25.636 + -27.323 + -30.297 = ₹-107 Mil.
Revenue was 1080.147 + 1086.097 + 1137.246 + 1013.776 = ₹4,317 Mil.
Market Cap (Today) was ₹945 Mil.
Total Liabilities was ₹1,310 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
=(935.021 - 863.965)/1781.587
=0.0399

X2=Retained Earnings/Total Assets
=0/1781.587
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(6.924 - -106.525)/1781.587
=0.0637

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=944.755/1310.076
=0.7211

X5=Revenue/Total Assets
=4317.266/1781.587
=2.4233

The zones of discrimination were as such:

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

Flomic Global Logistics has a Altman Z-Score of 3.11 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 3.11 mean?
Flomic Global Logistics (BOM:504380) has a Altman Z-Score of 3.11 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Flomic Global Logistics and its competitors. This is 25% above median its historical median of 2.49. Over the past decade, Flomic Global Logistics' Altman Z-Score has ranged from 0.83 to 4.66. According to the industry distribution chart, Flomic Global Logistics ranks #326 out of 995 companies in the Transportation industry, placing it in the top 32.8%.
Is Flomic Global Logistics' Altman Z-Score too high?
Flomic Global Logistics' current Altman Z-Score of 3.11 is 25% above median its 10-year median of 2.49. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 4.66. The Transportation industry median Altman Z-Score is 2.27. Flomic Global Logistics' value of 3.11 is 37% above this industry median. Based on the distribution chart, Flomic Global Logistics ranks #326 out of 995 companies in the Transportation industry, which is above the industry midpoint. Overall, Flomic Global Logistics has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Flomic Global Logistics' Altman Z-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Flomic Global Logistics ranks #326 out of 995 companies for Altman Z-Score. This puts Flomic Global Logistics in the upper half of its industry. The industry median Altman Z-Score is 2.27. Flomic Global Logistics' value of 3.11 is 37% above this benchmark. Historically, Flomic Global Logistics' own Altman Z-Score has ranged from 0.83 to 4.66 over the past decade. While the company's 10-year median is 2.49 vs. the industry median of 2.27, Flomic Global Logistics 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 a Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 995 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. Flomic Global Logistics's current Altman Z-Score of 3.11 is 37% 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 Flomic Global Logistics and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flomic Global Logistics's current Altman Z-Score is 3.11, which is 25% above median its own 10-year median of 2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flomic Global Logistics stock overvalued right now?
Based on GuruFocus' analysis, Flomic Global Logistics (BOM:504380) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹72.99, compared to a current price of ₹52.00 — trading 28.8% below its estimated fair value. The current Altman Z-Score is 3.11, which is 25% above median its 10-year median of 2.49 and 37% above the Transportation industry median of 2.27. Flomic Global Logistics' overall GF Score™ is 67/100 with 4 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 Flomic Global Logistics (BOM:504380), the current Altman Z-Score is 3.11 as of Jul. 15, 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 Flomic Global Logistics (BOM:504380) Overvalued in 2026?

Based on GuruFocus' analysis, Flomic Global Logistics stock appears to be undervalued. The current stock price of ₹52.00 is trading 28.8% below its estimated GF Value™ of ₹72.99. GuruFocus considers Flomic Global Logistics to be Modestly Undervalued.

Key valuation signals for BOM:504380:

  • Altman Z-Score: 3.11 (25% above median its 10-year median of 2.49)
  • GF Value™: ₹72.99 vs. price of ₹52.00 (28.8% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 37% above the Transportation median (#326 of 995)

No single metric tells the full story. See the BOM:504380 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Flomic Global Logistics Business Description

Address 205, Off Nehru Road, Enterprise Centre, Beside Orchid Hotel, Vile Parle (East), Mumbai, MH, IND, 400099
Flomic Global Logistics Ltd operates in the multi-cargo, multi-surface logistics business with a focus on Freight Forwarding and Custom House Agent services. It offers freight forwarding, customs brokerage, warehousing, cross trades, and transportation. With a presence in Dubai and key Indian ports, Flomic is a "ONE STOP GATEWAY" providing integrated logistics via air, land, and sea. Services include ocean freight, air freight, domestic transport, reefer containers, exhibition logistics, project cargo, cross trades, warehousing, licensed customs broking, liquid logistics, and hazardous cargo handling. The company emphasizes high-performance, customer-focused logistics with synchronized management and service teams.
67GF Score

Get the complete analysis for BOM:504380

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

₹52.00
Price
₹72.99
GF Value