Mahamaya Steel IndustriesBOM:513554 -2.76%58 Altman Z-Score is 10.72 as of Jul. 07, 2026, which is 197% above its 10-year median of 3.61. GuruFocus rates BOM:513554 with a GF Score™ of 58/100 and a GF Value™ of ₹246.14 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 610 Steel companies, Mahamaya Steel Industries ranks better than 94.1% 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 10.91 is strong.
Mahamaya Steel Industries has a Altman Z-Score of 10.72, 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 Mahamaya Steel Industries's Altman Z-Score or its related term are showing as below:
BOM:513554'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.12 Med: 3.61 Max: 12.23
Current: 10.91
During the past 13 years, Mahamaya Steel Industries's highest Altman Z-Score was 12.23. The lowest was 1.12. And the median was 3.61.
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.
* 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.
BOM:513554 vs NUE, STLD, RS: Altman Z-Score Comparison
For the Steel subindustry, Mahamaya Steel 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.
Mahamaya Steel Industries Altman Z-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Mahamaya Steel Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Mahamaya Steel Industries'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.
Mahamaya Steel Industries (BOM:513554) has a Altman Z-Score of 10.72 as of Jul. 07, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Mahamaya Steel Industries and its competitors. This is 197% above median its historical median of 3.61. Over the past decade, Mahamaya Steel Industries' Altman Z-Score has ranged from 1.12 to 12.23. According to the industry distribution chart, Mahamaya Steel Industries ranks #36 out of 610 companies in the Steel industry, placing it in the top 5.9%.
Is Mahamaya Steel Industries' Altman Z-Score too high?
Mahamaya Steel Industries' current Altman Z-Score of 10.72 is 197% above median its 10-year median of 3.61. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 12.23. The Steel industry median Altman Z-Score is 2.46. Mahamaya Steel Industries' value of 10.72 is 335.8% above this industry median. Based on the distribution chart, Mahamaya Steel Industries ranks #36 out of 610 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mahamaya Steel Industries has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mahamaya Steel Industries' Altman Z-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Mahamaya Steel Industries ranks #36 out of 610 companies for Altman Z-Score. This places Mahamaya Steel Industries in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.46. Mahamaya Steel Industries' value of 10.72 is 335.8% above this benchmark. Historically, Mahamaya Steel Industries' own Altman Z-Score has ranged from 1.12 to 12.23 over the past decade. While the company's 10-year median is 3.61 vs. the industry median of 2.46, Mahamaya Steel 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 Steel company?
The median Altman Z-Score among Steel companies is 2.46, based on 610 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. Mahamaya Steel Industries's current Altman Z-Score of 10.72 is 335.8% 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 Mahamaya Steel Industries and its competitors. For the Steel industry, the median Altman Z-Score is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahamaya Steel Industries's current Altman Z-Score is 10.72, which is 197% above median its own 10-year median of 3.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahamaya Steel Industries stock overvalued right now?
Based on GuruFocus' analysis, Mahamaya Steel Industries (BOM:513554) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹246.14, compared to a current price of ₹779.00 — trading 216.5% above its estimated fair value. The current Altman Z-Score is 10.72, which is 197% above median its 10-year median of 3.61 and 335.8% above the Steel industry median of 2.46. Mahamaya Steel Industries' overall GF Score™ is 58/100 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 Mahamaya Steel Industries (BOM:513554), the current Altman Z-Score is 10.72 as of Jul. 07, 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 Mahamaya Steel Industries (BOM:513554) Overvalued in 2026?
Based on GuruFocus' analysis, Mahamaya Steel Industries stock appears to be overvalued.
The current stock price of ₹779.00 is trading 216.5% above its estimated GF Value™ of ₹246.14.
GuruFocus considers Mahamaya Steel Industries to be Significantly Overvalued.
Key valuation signals for BOM:513554:
Altman Z-Score: 10.72 (197% above median its 10-year median of 3.61)
GF Value™: ₹246.14 vs. price of ₹779.00 (216.5% above fair value)
Industry Position: 335.8% above the Steel median (#36 of 610)
No single metric tells the full story. See the BOM:513554 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mahamaya Steel Industries Ltd is engaged in the manufacturing of steel structures in the shape of angles, beams, joists, channels, rounds, flats, and railway sleepers among others. It has high-capacity structural rolling mills with full-fledged supportive SMS.
58GF Score
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