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Modi NaturalsBOM:519003 +4.18%80 Altman Z-Score is 4.35 as of Aug. 01, 2026, which is 3% above its 10-year median of 4.21. GuruFocus rates BOM:519003 with a GF Score™ of 80/100 and a GF Value™ of ₹452.97 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,931 Consumer Packaged Goods companies, Modi Naturals ranks better than 70.95% 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 4.4 is strong.
Modi Naturals has a Altman Z-Score of 4.35, 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 Modi Naturals's Altman Z-Score or its related term are showing as below:
BOM:519003'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.34 Med: 4.21 Max: 5.91
Current: 4.4
During the past 13 years, Modi Naturals's highest Altman Z-Score was 5.91. The lowest was 2.34. And the median was 4.21.
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.
Altman Z-Score does not apply to financial companies.
Modi Naturals Altman Z-Score Related Terms
Modi Naturals Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Modi Naturals'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.
For the Packaged Foods subindustry, Modi Naturals'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.
Modi Naturals Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Modi Naturals's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Modi Naturals'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.
Modi Naturals'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
*
0.1685
+
1.4
*
0.2905
+
3.3
*
0.1754
+
0.6
*
2.3176
+
1.0
*
1.7687
=
4.35
* 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.
Modi Naturals (BOM:519003) has a Altman Z-Score of 4.35 as of Aug. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Modi Naturals and its competitors. This is near median its historical median of 4.21. Over the past decade, Modi Naturals' Altman Z-Score has ranged from 2.34 to 5.91. According to the industry distribution chart, Modi Naturals ranks #561 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 29.1%.
Is Modi Naturals' Altman Z-Score too high?
Modi Naturals' current Altman Z-Score of 4.35 is near median its 10-year median of 4.21. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 5.91. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Modi Naturals' value of 4.35 is 52.6% above this industry median. Based on the distribution chart, Modi Naturals ranks #561 out of 1931 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Modi Naturals has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modi Naturals' Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Modi Naturals ranks #561 out of 1931 companies for Altman Z-Score. This puts Modi Naturals in the upper half of its industry. The industry median Altman Z-Score is 2.85. Modi Naturals' value of 4.35 is 52.6% above this benchmark. Historically, Modi Naturals' own Altman Z-Score has ranged from 2.34 to 5.91 over the past decade. While the company's 10-year median is 4.21 vs. the industry median of 2.85, Modi Naturals 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.85, based on 1,931 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. Modi Naturals's current Altman Z-Score of 4.35 is 52.6% 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 Modi Naturals and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modi Naturals's current Altman Z-Score is 4.35, which is near median its own 10-year median of 4.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modi Naturals stock overvalued right now?
Based on GuruFocus' analysis, Modi Naturals (BOM:519003) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹452.97, compared to a current price of ₹408.40 — trading 9.8% below its estimated fair value. The current Altman Z-Score is 4.35, which is near median its 10-year median of 4.21 and 52.6% above the Consumer Packaged Goods industry median of 2.85. Modi Naturals' overall GF Score™ is 80/100 with 1 warning sign 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 Modi Naturals (BOM:519003), the current Altman Z-Score is 4.35 as of Aug. 01, 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 Modi Naturals (BOM:519003) Overvalued in 2026?
Based on GuruFocus' analysis, Modi Naturals stock appears to be undervalued.
The current stock price of ₹408.40 is trading 9.8% below its estimated GF Value™ of ₹452.97.
GuruFocus considers Modi Naturals to be Modestly Undervalued.
Key valuation signals for BOM:519003:
Altman Z-Score: 4.35 (near median its 10-year median of 4.21)
GF Value™: ₹452.97 vs. price of ₹408.40 (9.8% below fair value)
Industry Position: 52.6% above the Consumer Packaged Goods median (#561 of 1931)
No single metric tells the full story. See the BOM:519003 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modi Naturals Ltd manufactures and markets edible oil and de-oiled cakes in India. The Company has organised the business into two segments viz. Branded Business and Bulk Business. The company offers consumer products and business-to-business (B2B) products. The Oleev brand includes olive oils and healthy oils. Its Rizolo brand offers rice bran oil. Miller brand provides low-absorption technology canola oil, its Pipo brand offers ready-to-cook flavored popcorn, and the Olivana Wellness brand offers massage oils. Its B2B products consist of rice bran oil, sunflower oil, mustard oil, rice bran wax, distilled fatty acids, de-oiled rice bran, and de-oiled sunflower cake. The company generates revenue from the sale of products, sale of packing, and other materials.
80GF Score
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