Smiths & Founders (India) (BOM:513418) Altman Z-Score: 31.41 (As of Sep. 14, 2026) — 367% 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:513418 Smiths & Founders (India) Ltd BOM:513418
54 GF Score
Price ₹10.63
GF Value ₹6.53
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Smiths & Founders (India) Altman Z-Score?

Smiths & Founders (India) BOM:513418 -1.02% 54 Altman Z-Score is 31.41 as of Sep. 14, 2026, which is 367% above its 10-year median of 6.72. GuruFocus rates BOM:513418 with a GF Score™ of 54/100 and a GF Value™ of ₹6.53 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,318 Vehicles & Parts companies, Smiths & Founders (India) ranks better than 99.32% 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 31.41 is strong.

Smiths & Founders (India) has a Altman Z-Score of 31.41, 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 Smiths & Founders (India)'s Altman Z-Score or its related term are showing as below:

BOM:513418' s Altman Z-Score Range Over the Past 10 Years
Min: -0.53   Med: 6.72   Max: 31.41
Current: 31.41

During the past 13 years, Smiths & Founders (India)'s highest Altman Z-Score was 31.41. The lowest was -0.53. And the median was 6.72.


Smiths & Founders (India)  (BOM:513418) 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.


Smiths & Founders (India) Altman Z-Score Related Terms


Smiths & Founders (India) Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Smiths & Founders (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.

Smiths & Founders (India) Altman Z-Score Chart

Smiths & Founders (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 8.59 4.31 7.22 15.01 12.03

Smiths & Founders (India) Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 14.35 9.56 9.28 12.03 0.00

BOM:513418 vs ORLY, AZO, GPC: Altman Z-Score Comparison

For the Auto Parts subindustry, Smiths & Founders (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.


Smiths & Founders (India) Altman Z-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Smiths & Founders (India)'s Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Smiths & Founders (India)'s Altman Z-Score falls into.


BOM:513418
54GF Score
Smiths & Founders (India) Ltd BOM:513418
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smiths & Founders (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.

Smiths & Founders (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*0.1562+1.4*-0.202+3.3*0.0805+0.6*51.092+1.0*0.5862
=31.41

* 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 Jun. 2026:
Total Assets was ₹234.2 Mil.
Total Current Assets was ₹45.3 Mil.
Total Current Liabilities was ₹8.7 Mil.
Retained Earnings was ₹-47.3 Mil.
Pre-Tax Income was 3.42 + 8.53 + 3.244 + 3.477 = ₹18.7 Mil.
Interest Expense was -0.003 + -0.16 + -0.009 + -0.003 = ₹-0.2 Mil.
Revenue was 32.222 + 35.361 + 33.962 + 35.757 = ₹137.3 Mil.
Market Cap (Today) was ₹1,084.2 Mil.
Total Liabilities was ₹21.2 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
=(45.29 - 8.704)/234.204
=0.1562

X2=Retained Earnings/Total Assets
=-47.306/234.204
=-0.202

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(18.671 - -0.175)/234.204
=0.0805

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1084.223/21.221
=51.092

X5=Revenue/Total Assets
=137.302/234.204
=0.5862

The zones of discrimination were as such:

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

Smiths & Founders (India) has a Altman Z-Score of 31.41 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 31.41 mean?
Smiths & Founders (India) (BOM:513418) has a Altman Z-Score of 31.41 as of Sep. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Smiths & Founders (India) and its competitors. This is 367% above median its historical median of 6.72. According to the industry distribution chart, Smiths & Founders (India) ranks #9 out of 1318 companies in the Vehicles & Parts industry, placing it in the top 0.7%.
Is Smiths & Founders (India)'s Altman Z-Score too high?
Smiths & Founders (India)'s current Altman Z-Score of 31.41 is 367% above median its 10-year median of 6.72. The Vehicles & Parts industry median Altman Z-Score is 2.57. Smiths & Founders (India)'s value of 31.41 is 1122.2% above this industry median. Based on the distribution chart, Smiths & Founders (India) ranks #9 out of 1318 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Smiths & Founders (India) has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smiths & Founders (India)'s Altman Z-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Smiths & Founders (India) ranks #9 out of 1318 companies for Altman Z-Score. This places Smiths & Founders (India) in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.57. Smiths & Founders (India)'s value of 31.41 is 1122.2% above this benchmark. While the company's 10-year median is 6.72 vs. the industry median of 2.57, Smiths & Founders (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 a Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.57, based on 1,318 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. Smiths & Founders (India)'s current Altman Z-Score of 31.41 is 1122.2% 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 Smiths & Founders (India) and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smiths & Founders (India)'s current Altman Z-Score is 31.41, which is 367% above median its own 10-year median of 6.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smiths & Founders (India) stock overvalued right now?
Based on GuruFocus' analysis, Smiths & Founders (India) (BOM:513418) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹6.53, compared to a current price of ₹10.63 — trading 62.8% above its estimated fair value. The current Altman Z-Score is 31.41, which is 367% above median its 10-year median of 6.72 and 1122.2% above the Vehicles & Parts industry median of 2.57. Smiths & Founders (India)'s overall GF Score™ is 54/100 with 6 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 Smiths & Founders (India) (BOM:513418), the current Altman Z-Score is 31.41 as of Sep. 14, 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 Smiths & Founders (India) (BOM:513418) Overvalued in 2026?

Based on GuruFocus' analysis, Smiths & Founders (India) stock appears to be overvalued. The current stock price of ₹10.63 is trading 62.8% above its estimated GF Value™ of ₹6.53. GuruFocus considers Smiths & Founders (India) to be Significantly Overvalued.

Key valuation signals for BOM:513418:

  • Altman Z-Score: 31.41 (367% above median its 10-year median of 6.72)
  • GF Value™: ₹6.53 vs. price of ₹10.63 (62.8% above fair value)
  • GF Score™: 54/100 with 6 warning signs
  • Industry Position: 1122.2% above the Vehicles & Parts median (#9 of 1318)

No single metric tells the full story. See the BOM:513418 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smiths & Founders (India) Business Description

Address No. 20, HMT Main Road, No. 505, 5th Floor, Brigade Rubix, Bangalore, KA, IND, 560013
Smiths & Founders (India) Ltd is engaged in manufacturing Forgings and Machined Components used in Automobiles, Agriculture, Mining, Material Handling, Power Transmission, Hydraulic, and General Engineering Industries. The product range includes rocker arms, connecting rods, tie rod ends, yokes, spiders, gear blanks, wheel dressers, insulator pins, insulator hooks, tool holders, valve bodies, rod eye ends, coal augers, rotary drill bits, rotovator shovels, cultivator blades, etc. The company is catering to both domestic and export markets.
54GF Score

Get the complete analysis for BOM:513418

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

₹10.63
Price
₹6.53
GF Value