Surana Telecom and Power (BOM:517530) Altman Z-Score: 2.59 (As of Jul. 29, 2026) — 38% Above Median

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BOM:517530 Surana Telecom and Power Ltd BOM:517530
61 GF Score
Price ₹18.07
GF Value ₹51.32
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Surana Telecom and Power Altman Z-Score?

Surana Telecom and Power BOM:517530 -0.17% 61 Altman Z-Score is 2.59 as of Jul. 29, 2026, which is 38% above its 10-year median of 1.88. GuruFocus rates BOM:517530 with a GF Score™ of 61/100 and a GF Value™ of ₹51.32 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 416 Utilities - Independent Power Producers companies, Surana Telecom and Power ranks better than 76.68% 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.

Warning Sign:

Altman Z-score of 2.62 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Surana Telecom and Power has a Altman Z-Score of 2.59, indicating it is in Grey Zones. This implies that Surana Telecom and Power is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Surana Telecom and Power's Altman Z-Score or its related term are showing as below:

BOM:517530' s Altman Z-Score Range Over the Past 10 Years
Min: 0.32   Med: 1.88   Max: 32.45
Current: 2.62

During the past 13 years, Surana Telecom and Power's highest Altman Z-Score was 32.45. The lowest was 0.32. And the median was 1.88.


Surana Telecom and Power  (BOM:517530) 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.


Surana Telecom and Power Altman Z-Score Related Terms


Surana Telecom and Power Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Surana Telecom and Power'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.

Surana Telecom and Power Altman Z-Score Chart

Surana Telecom and Power 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 4.24 6.76 32.45 18.42 2.34

Surana Telecom and Power 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 18.42 18.77 8.99 8.45 2.34

BOM:517530 vs CEG, VST, NRG: Altman Z-Score Comparison

For the Utilities - Independent Power Producers subindustry, Surana Telecom and Power'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.


Surana Telecom and Power Altman Z-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Surana Telecom and Power's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Surana Telecom and Power's Altman Z-Score falls into.


BOM:517530
61GF Score
Surana Telecom and Power Ltd BOM:517530
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Surana Telecom and Power 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.

Surana Telecom and Power'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*0.1028+1.4*0+3.3*0.1076+0.6*3.1501+1.0*0.2243
=2.59

* 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 ₹2,710.0 Mil.
Total Current Assets was ₹496.9 Mil.
Total Current Liabilities was ₹218.2 Mil.
Retained Earnings was ₹0.0 Mil.
Pre-Tax Income was 189.285 + 45.6 + 4.296 + 29.957 = ₹269.1 Mil.
Interest Expense was -15.226 + -4.282 + -1.56 + -1.351 = ₹-22.4 Mil.
Revenue was 238.642 + 234.204 + 93.667 + 41.436 = ₹607.9 Mil.
Market Cap (Today) was ₹2,453.2 Mil.
Total Liabilities was ₹778.8 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
=(496.895 - 218.218)/2710.009
=0.1028

X2=Retained Earnings/Total Assets
=0/2710.009
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(269.138 - -22.419)/2710.009
=0.1076

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2453.183/778.761
=3.1501

X5=Revenue/Total Assets
=607.949/2710.009
=0.2243

The zones of discrimination were as such:

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

Surana Telecom and Power has a Altman Z-Score of 2.59 indicating it is in Grey 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 2.59 mean?
Surana Telecom and Power (BOM:517530) has a Altman Z-Score of 2.59 as of Jul. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Surana Telecom and Power and its competitors. This is 38% above median its historical median of 1.88. Over the past decade, Surana Telecom and Power's Altman Z-Score has ranged from 0.32 to 32.45. According to the industry distribution chart, Surana Telecom and Power ranks #97 out of 416 companies in the Utilities - Independent Power Producers industry, placing it in the top 23.3%.
Is Surana Telecom and Power's Altman Z-Score too high?
Surana Telecom and Power's current Altman Z-Score of 2.59 is 38% above median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 32.45. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.23. Surana Telecom and Power's value of 2.59 is 110.6% above this industry median. Based on the distribution chart, Surana Telecom and Power ranks #97 out of 416 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Surana Telecom and Power has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Surana Telecom and Power's Altman Z-Score compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Surana Telecom and Power ranks #97 out of 416 companies for Altman Z-Score. This places Surana Telecom and Power in the top 23% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.23. Surana Telecom and Power's value of 2.59 is 110.6% above this benchmark. Historically, Surana Telecom and Power's own Altman Z-Score has ranged from 0.32 to 32.45 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 1.23, Surana Telecom and Power 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 an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.23, based on 416 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. Surana Telecom and Power's current Altman Z-Score of 2.59 is 110.6% 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 Surana Telecom and Power and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surana Telecom and Power's current Altman Z-Score is 2.59, which is 38% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surana Telecom and Power stock overvalued right now?
Based on GuruFocus' analysis, Surana Telecom and Power (BOM:517530) is currently considered Possible Value Trap. The stock's GF Value™ is ₹51.32, compared to a current price of ₹18.07 — trading 64.8% below its estimated fair value. The current Altman Z-Score is 2.59, which is 38% above median its 10-year median of 1.88 and 110.6% above the Utilities - Independent Power Producers industry median of 1.23. Surana Telecom and Power's overall GF Score™ is 61/100 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 Surana Telecom and Power (BOM:517530), the current Altman Z-Score is 2.59 as of Jul. 29, 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 Surana Telecom and Power (BOM:517530) Overvalued in 2026?

Based on GuruFocus' analysis, Surana Telecom and Power stock appears to be undervalued. The current stock price of ₹18.07 is trading 64.8% below its estimated GF Value™ of ₹51.32. GuruFocus considers Surana Telecom and Power to be Possible Value Trap.

Key valuation signals for BOM:517530:

  • Altman Z-Score: 2.59 (38% above median its 10-year median of 1.88)
  • GF Value™: ₹51.32 vs. price of ₹18.07 (64.8% below fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 110.6% above the Utilities - Independent Power Producers median (#97 of 416)

No single metric tells the full story. See the BOM:517530 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Surana Telecom and Power Business Description

Other Exchanges SURANAT&P:India
Address Plot No. 214, 215/A, Phase-II IDA, Cherlapally, Hyderabad, TG, IND, 500051
Surana Telecom and Power Ltd engage in the manufacturing of solar products and generation of wind electricity. The firm operates in two segments which are Renewable Energy (Solar &wind) and Trading & others. Its Renewable Energy (solar & wind) segment includes the generation of solar and wind power. The trading & other segments include manufacturing/trading of solar-related products and infrastructure leasing.
61GF Score

Get the complete analysis for BOM:517530

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

₹18.07
Price
₹51.32
GF Value