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ADF FoodsBOM:519183 +3.47%84 Altman Z-Score is 13.87 as of Jul. 26, 2026, which is 23% above its 10-year median of 11.25. GuruFocus rates BOM:519183 with a GF Score™ of 84/100 and a GF Value™ of ₹293.70 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,932 Consumer Packaged Goods companies, ADF Foods ranks better than 94.82% 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 13.87 is strong.
ADF Foods has a Altman Z-Score of 13.87, 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 ADF Foods's Altman Z-Score or its related term are showing as below:
BOM:519183'
s Altman Z-Score Range Over the Past 10 Years
Min: 6.02 Med: 11.25 Max: 23.39
Current: 13.87
During the past 13 years, ADF Foods's highest Altman Z-Score was 23.39. The lowest was 6.02. And the median was 11.25.
ADF Foods (BOM:519183) 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.
Altman Z-Score does not apply to financial companies.
ADF Foods Altman Z-Score Related Terms
ADF Foods Altman Z-Score Historical Data
* Premium members only.
The historical data trend for ADF Foods'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, ADF Foods'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.
ADF Foods Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, ADF Foods's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where ADF Foods'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.
ADF Foods'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
*
0.4327
+
1.4
*
0.5796
+
3.3
*
0.1628
+
0.6
*
18.4975
+
1.0
*
0.9055
=
13.87
* 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.
ADF Foods (BOM:519183) has a Altman Z-Score of 13.87 as of Jul. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on ADF Foods and its competitors. This is 23% above median its historical median of 11.25. Over the past decade, ADF Foods' Altman Z-Score has ranged from 6.02 to 23.39. According to the industry distribution chart, ADF Foods ranks #100 out of 1932 companies in the Consumer Packaged Goods industry, placing it in the top 5.2%.
Is ADF Foods' Altman Z-Score too high?
ADF Foods' current Altman Z-Score of 13.87 is 23% above median its 10-year median of 11.25. Over the past 10 years, this metric has ranged from a low of 6.02 to a high of 23.39. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. ADF Foods' value of 13.87 is 386.7% above this industry median. Based on the distribution chart, ADF Foods ranks #100 out of 1932 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, ADF Foods has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ADF Foods' Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, ADF Foods ranks #100 out of 1932 companies for Altman Z-Score. This places ADF Foods in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.85. ADF Foods' value of 13.87 is 386.7% above this benchmark. Historically, ADF Foods' own Altman Z-Score has ranged from 6.02 to 23.39 over the past decade. While the company's 10-year median is 11.25 vs. the industry median of 2.85, ADF Foods 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 1,932 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. ADF Foods's current Altman Z-Score of 13.87 is 386.7% 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 ADF Foods 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. ADF Foods's current Altman Z-Score is 13.87, which is 23% above median its own 10-year median of 11.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADF Foods stock overvalued right now?
Based on GuruFocus' analysis, ADF Foods (BOM:519183) is currently considered Fairly Valued. The stock's GF Value™ is ₹293.70, compared to a current price of ₹307.40 — trading 4.7% above its estimated fair value. The current Altman Z-Score is 13.87, which is 23% above median its 10-year median of 11.25 and 386.7% above the Consumer Packaged Goods industry median of 2.85. ADF Foods' overall GF Score™ is 84/100 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 ADF Foods (BOM:519183), the current Altman Z-Score is 13.87 as of Jul. 26, 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 ADF Foods (BOM:519183) Overvalued in 2026?
Based on GuruFocus' analysis, ADF Foods stock appears to be overvalued.
The current stock price of ₹307.40 is trading 4.7% above its estimated GF Value™ of ₹293.70.
GuruFocus considers ADF Foods to be Fairly Valued.
Key valuation signals for BOM:519183:
Altman Z-Score: 13.87 (23% above median its 10-year median of 11.25)
GF Value™: ₹293.70 vs. price of ₹307.40 (4.7% above fair value)
Industry Position: 386.7% above the Consumer Packaged Goods median (#100 of 1932)
No single metric tells the full story. See the BOM:519183 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADF Foods Ltd is an Indian-based company that operates in the business of processed and preserved foods. Its business activities include manufacturing and trading of processed food products including pickles, pastes, chutneys, ready-to-eat items, paste and sauces, frozen foods, spices, and canned vegetables in brine. The company's operating segments are Processed food and Distribution Business. The company's products are offered under the brand names Ashoka, Camel, Truly Indian, Aeroplane, Nate's, PJ's Organics, ADF Soul, and Khansaama.
84GF Score
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