Sudal Industries (BOM:506003) Altman Z-Score: 3.74 (As of Jul. 13, 2026) — 1770% Above Median


BOM:506003 Sudal Industries Ltd BOM:506003
64 GF Score
Price ₹37.54
GF Value ₹55.44
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Sudal Industries Altman Z-Score?

Sudal Industries BOM:506003 +2.15% 64 Altman Z-Score is 3.74 as of Jul. 13, 2026, which is 1770% above its 10-year median of 0.20. GuruFocus rates BOM:506003 with a GF Score™ of 64/100 and a GF Value™ of ₹55.44 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 785 Metals & Mining companies, Sudal Industries ranks better than 55.8% 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 3.74 is strong.

Sudal Industries has a Altman Z-Score of 3.74, 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 Sudal Industries's Altman Z-Score or its related term are showing as below:

BOM:506003' s Altman Z-Score Range Over the Past 10 Years
Min: -3.45   Med: 0.2   Max: 10.86
Current: 3.74

During the past 13 years, Sudal Industries's highest Altman Z-Score was 10.86. The lowest was -3.45. And the median was 0.20.


Sudal Industries  (BOM:506003) 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.


Sudal Industries Altman Z-Score Related Terms


Sudal Industries Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Sudal Industries'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.

Sudal Industries Altman Z-Score Chart

Sudal Industries 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 -1.37 -3.45 10.86 3.69 3.86

Sudal Industries 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 3.69 4.10 4.47 4.14 3.86

BOM:506003 vs AA: Altman Z-Score Comparison

For the Aluminum subindustry, Sudal Industries'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.


Sudal Industries Altman Z-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sudal Industries's Altman Z-Score distribution charts can be found below:

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


BOM:506003
64GF Score
Sudal Industries Ltd BOM:506003
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sudal Industries 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.

Sudal Industries'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*0.0639+1.4*0+3.3*0.1003+0.6*0.792+1.0*2.8585
=3.74

* 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 ₹635 Mil.
Total Current Assets was ₹297 Mil.
Total Current Liabilities was ₹257 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 8.556 + 19.683 + 5.187 + 7.163 = ₹41 Mil.
Interest Expense was -3.066 + -7.221 + -6.241 + -6.539 = ₹-23 Mil.
Revenue was 494.526 + 453.928 + 449.696 + 416.899 = ₹1,815 Mil.
Market Cap (Today) was ₹314 Mil.
Total Liabilities was ₹397 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
=(297.196 - 256.653)/634.966
=0.0639

X2=Retained Earnings/Total Assets
=0/634.966
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(40.589 - -23.067)/634.966
=0.1003

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=314.128/396.624
=0.792

X5=Revenue/Total Assets
=1815.049/634.966
=2.8585

The zones of discrimination were as such:

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

Sudal Industries has a Altman Z-Score of 3.74 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 3.74 mean?
Sudal Industries (BOM:506003) has a Altman Z-Score of 3.74 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sudal Industries and its competitors. This is 1770% above median its historical median of 0.20. According to the industry distribution chart, Sudal Industries ranks #347 out of 785 companies in the Metals & Mining industry, placing it in the top 44.2%.
Is Sudal Industries' Altman Z-Score too high?
Sudal Industries' current Altman Z-Score of 3.74 is 1770% above median its 10-year median of 0.20. The Metals & Mining industry median Altman Z-Score is 3.31. Sudal Industries' value of 3.74 is 13% above this industry median. Based on the distribution chart, Sudal Industries ranks #347 out of 785 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Sudal Industries has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sudal Industries' Altman Z-Score compare to AA?
According to the Metals & Mining industry distribution chart, Sudal Industries ranks #347 out of 785 companies for Altman Z-Score. This puts Sudal Industries in the upper half of its industry. The industry median Altman Z-Score is 3.31. Sudal Industries' value of 3.74 is 13% above this benchmark. While the company's 10-year median is 0.20 vs. the industry median of 3.31, Sudal Industries 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 Metals & Mining company?
The median Altman Z-Score among Metals & Mining companies is 3.31, based on 785 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. Sudal Industries's current Altman Z-Score of 3.74 is 13% 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 Sudal Industries and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sudal Industries's current Altman Z-Score is 3.74, which is 1770% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sudal Industries stock overvalued right now?
Based on GuruFocus' analysis, Sudal Industries (BOM:506003) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹55.44, compared to a current price of ₹37.54 — trading 32.3% below its estimated fair value. The current Altman Z-Score is 3.74, which is 1770% above median its 10-year median of 0.20 and 13% above the Metals & Mining industry median of 3.31. Sudal Industries' overall GF Score™ is 64/100 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 Sudal Industries (BOM:506003), the current Altman Z-Score is 3.74 as of Jul. 13, 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 Sudal Industries (BOM:506003) Overvalued in 2026?

Based on GuruFocus' analysis, Sudal Industries stock appears to be undervalued. The current stock price of ₹37.54 is trading 32.3% below its estimated GF Value™ of ₹55.44. GuruFocus considers Sudal Industries to be Significantly Undervalued.

Key valuation signals for BOM:506003:

  • Altman Z-Score: 3.74 (1770% above median its 10-year median of 0.20)
  • GF Value™: ₹55.44 vs. price of ₹37.54 (32.3% below fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 13% above the Metals & Mining median (#347 of 785)

No single metric tells the full story. See the BOM:506003 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sudal Industries Business Description

Address 26A Nariman Bhavan, 227 Nariman Point, Mumbai, MH, IND, 400021
Sudal Industries Ltd is an India-based manufacturer and supplier of aluminum products. The company operates in the business of manufacturing and supplying aluminum extrusions and downstream value-added products. The company also manufactures and supplies aluminum alloys. The Products of the company are ladders, lugs, blooms, round tubes, square bars, equal angles, and others. The group generates the majority of the revenue from the sales of aluminum extrusions.
64GF Score

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

₹37.54
Price
₹55.44
GF Value