Gujarat Themis Biosyn (BOM:506879) Altman Z-Score: 12.05 (As of Jul. 15, 2026) — 11% Above Median

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BOM:506879 Gujarat Themis Biosyn Ltd BOM:506879
76 GF Score
Price ₹371.70
GF Value ₹313.41
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Gujarat Themis Biosyn Altman Z-Score?

Gujarat Themis Biosyn BOM:506879 -2.50% 76 Altman Z-Score is 12.05 as of Jul. 15, 2026, which is 11% above its 10-year median of 10.84. GuruFocus rates BOM:506879 with a GF Score™ of 76/100 and a GF Value™ of ₹313.41 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 953 Drug Manufacturers companies, Gujarat Themis Biosyn ranks better than 89.19% 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 12.27 is strong.

Gujarat Themis Biosyn has a Altman Z-Score of 12.05, 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 Gujarat Themis Biosyn's Altman Z-Score or its related term are showing as below:

BOM:506879' s Altman Z-Score Range Over the Past 10 Years
Min: 4.69   Med: 10.84   Max: 90.81
Current: 12.27

During the past 13 years, Gujarat Themis Biosyn's highest Altman Z-Score was 90.81. The lowest was 4.69. And the median was 10.84.


Gujarat Themis Biosyn  (BOM:506879) 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.


Gujarat Themis Biosyn Altman Z-Score Related Terms


Gujarat Themis Biosyn Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Gujarat Themis Biosyn'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.

Gujarat Themis Biosyn Altman Z-Score Chart

Gujarat Themis Biosyn 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 22.73 38.76 90.81 37.22 7.67

Gujarat Themis Biosyn 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 37.22 45.31 24.16 26.82 7.67

BOM:506879 vs ZTS, UTHR: Altman Z-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Gujarat Themis Biosyn'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.


Gujarat Themis Biosyn Altman Z-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Gujarat Themis Biosyn's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Gujarat Themis Biosyn's Altman Z-Score falls into.


BOM:506879
76GF Score
Gujarat Themis Biosyn Ltd BOM:506879
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Gujarat Themis Biosyn 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.

Gujarat Themis Biosyn'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*0.0191+1.4*0+3.3*0.1292+0.6*18.7808+1.0*0.3294
=12.05

* 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 ₹5,034 Mil.
Total Current Assets was ₹888 Mil.
Total Current Liabilities was ₹791 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 143.365 + 168.734 + 187.605 + 121.196 = ₹621 Mil.
Interest Expense was -19.06 + -9.604 + -0.404 + -0.421 = ₹-29 Mil.
Revenue was 442.33 + 433.682 + 423.488 + 358.728 = ₹1,658 Mil.
Market Cap (Today) was ₹40,502 Mil.
Total Liabilities was ₹2,157 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
=(887.838 - 791.483)/5034.266
=0.0191

X2=Retained Earnings/Total Assets
=0/5034.266
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(620.9 - -29.489)/5034.266
=0.1292

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=40502.389/2156.588
=18.7808

X5=Revenue/Total Assets
=1658.228/5034.266
=0.3294

The zones of discrimination were as such:

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

Gujarat Themis Biosyn has a Altman Z-Score of 12.05 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 12.05 mean?
Gujarat Themis Biosyn (BOM:506879) has a Altman Z-Score of 12.05 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Gujarat Themis Biosyn and its competitors. This is 11% above median its historical median of 10.84. Over the past decade, Gujarat Themis Biosyn's Altman Z-Score has ranged from 4.69 to 90.81. According to the industry distribution chart, Gujarat Themis Biosyn ranks #103 out of 953 companies in the Drug Manufacturers industry, placing it in the top 10.8%.
Is Gujarat Themis Biosyn's Altman Z-Score too high?
Gujarat Themis Biosyn's current Altman Z-Score of 12.05 is 11% above median its 10-year median of 10.84. Over the past 10 years, this metric has ranged from a low of 4.69 to a high of 90.81. The Drug Manufacturers industry median Altman Z-Score is 3.25. Gujarat Themis Biosyn's value of 12.05 is 270.8% above this industry median. Based on the distribution chart, Gujarat Themis Biosyn ranks #103 out of 953 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Gujarat Themis Biosyn has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gujarat Themis Biosyn's Altman Z-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Gujarat Themis Biosyn ranks #103 out of 953 companies for Altman Z-Score. This places Gujarat Themis Biosyn in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.25. Gujarat Themis Biosyn's value of 12.05 is 270.8% above this benchmark. Historically, Gujarat Themis Biosyn's own Altman Z-Score has ranged from 4.69 to 90.81 over the past decade. While the company's 10-year median is 10.84 vs. the industry median of 3.25, Gujarat Themis Biosyn 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 Drug Manufacturers company?
The median Altman Z-Score among Drug Manufacturers companies is 3.25, based on 953 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. Gujarat Themis Biosyn's current Altman Z-Score of 12.05 is 270.8% 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 Gujarat Themis Biosyn and its competitors. For the Drug Manufacturers industry, the median Altman Z-Score is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat Themis Biosyn's current Altman Z-Score is 12.05, which is 11% above median its own 10-year median of 10.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat Themis Biosyn stock overvalued right now?
Based on GuruFocus' analysis, Gujarat Themis Biosyn (BOM:506879) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹313.41, compared to a current price of ₹371.70 — trading 18.6% above its estimated fair value. The current Altman Z-Score is 12.05, which is 11% above median its 10-year median of 10.84 and 270.8% above the Drug Manufacturers industry median of 3.25. Gujarat Themis Biosyn's overall GF Score™ is 76/100 with 5 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 Gujarat Themis Biosyn (BOM:506879), the current Altman Z-Score is 12.05 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 Gujarat Themis Biosyn (BOM:506879) Overvalued in 2026?

Based on GuruFocus' analysis, Gujarat Themis Biosyn stock appears to be overvalued. The current stock price of ₹371.70 is trading 18.6% above its estimated GF Value™ of ₹313.41. GuruFocus considers Gujarat Themis Biosyn to be Modestly Overvalued.

Key valuation signals for BOM:506879:

  • Altman Z-Score: 12.05 (11% above median its 10-year median of 10.84)
  • GF Value™: ₹313.41 vs. price of ₹371.70 (18.6% above fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 270.8% above the Drug Manufacturers median (#103 of 953)

No single metric tells the full story. See the BOM:506879 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gujarat Themis Biosyn Business Description

Other Exchanges GUJTHEM:India
Address S.V Road, Themis House, 11/12 Udyog Nagar, Goregaon (West), Mumbai, MH, IND, 400104
Gujarat Themis Biosyn Ltd is engaged in manufacturing, exporting, and selling of bulk drugs on a job-work basis. The company operates in one segment which is pharmaceuticals. Its products include Rifamycin-S, which is an intermediate for Rifampicin for the treatment of tuberculosis (TB), and Lovastatin.
76GF Score

Get the complete analysis for BOM:506879

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

₹371.70
Price
₹313.41
GF Value