Cian Agro Industries & Infrastructure (BOM:519477) Altman Z-Score: 1.69 (As of Jul. 14, 2026) — 25% 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:519477 Cian Agro Industries & Infrastructure Ltd BOM:519477
56 GF Score
Price ₹1,548.95
GF Value ₹501.09
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Cian Agro Industries & Infrastructure Altman Z-Score?

Cian Agro Industries & Infrastructure BOM:519477 -1.85% 56 Altman Z-Score is 1.69 as of Jul. 14, 2026, which is 25% above its 10-year median of 1.35. GuruFocus rates BOM:519477 with a GF Score™ of 56/100 and a GF Value™ of ₹501.09 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,932 Consumer Packaged Goods companies, Cian Agro Industries & Infrastructure ranks worse than 71.38% 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 1.75 is in distress zone. This implies bankruptcy possibility in the next two years.

Cian Agro Industries & Infrastructure has a Altman Z-Score of 1.69, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Cian Agro Industries & Infrastructure's Altman Z-Score or its related term are showing as below:

BOM:519477' s Altman Z-Score Range Over the Past 10 Years
Min: -11.77   Med: 1.35   Max: 4.29
Current: 1.75

During the past 13 years, Cian Agro Industries & Infrastructure's highest Altman Z-Score was 4.29. The lowest was -11.77. And the median was 1.35.


Cian Agro Industries & Infrastructure  (BOM:519477) 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.


Cian Agro Industries & Infrastructure Altman Z-Score Related Terms


Cian Agro Industries & Infrastructure Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Cian Agro Industries & Infrastructure'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.

Cian Agro Industries & Infrastructure Altman Z-Score Chart

Cian Agro Industries & Infrastructure Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 1.24 0.97 0.74 0.54

Cian Agro Industries & Infrastructure Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.18 0.59 0.54 0.82 2.10

BOM:519477 vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Cian Agro Industries & Infrastructure'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.


Cian Agro Industries & Infrastructure Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cian Agro Industries & Infrastructure's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Cian Agro Industries & Infrastructure's Altman Z-Score falls into.


BOM:519477
56GF Score
Cian Agro Industries & Infrastructure Ltd BOM:519477
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cian Agro Industries & Infrastructure 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.

Cian Agro Industries & Infrastructure'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*-0.02+1.4*0+3.3*0.0604+0.6*1.8467+1.0*0.41
=1.69

* 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 Sep. 2025:
Total Assets was ₹44,366 Mil.
Total Current Assets was ₹12,922 Mil.
Total Current Liabilities was ₹13,809 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 115.993 + 541.398 + 105.73 + 364.226 = ₹1,127 Mil.
Interest Expense was -386.34 + -521.368 + -318.556 + -327.207 = ₹-1,553 Mil.
Revenue was 4214.135 + 5108.012 + 4903.792 + 3962.923 = ₹18,189 Mil.
Market Cap (Today) was ₹43,349 Mil.
Total Liabilities was ₹23,474 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
=(12922.176 - 13809.313)/44366.337
=-0.02

X2=Retained Earnings/Total Assets
=0/44366.337
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1127.347 - -1553.471)/44366.337
=0.0604

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=43348.752/23473.971
=1.8467

X5=Revenue/Total Assets
=18188.862/44366.337
=0.41

The zones of discrimination were as such:

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

Cian Agro Industries & Infrastructure has a Altman Z-Score of 1.69 indicating it is in Distress 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 1.69 mean?
Cian Agro Industries & Infrastructure (BOM:519477) has a Altman Z-Score of 1.69 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Cian Agro Industries & Infrastructure and its competitors. This is 25% above median its historical median of 1.35. According to the industry distribution chart, Cian Agro Industries & Infrastructure ranks #1379 out of 1932 companies in the Consumer Packaged Goods industry, placing it in the top 71.4%.
Is Cian Agro Industries & Infrastructure's Altman Z-Score too high?
Cian Agro Industries & Infrastructure's current Altman Z-Score of 1.69 is 25% above median its 10-year median of 1.35. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Cian Agro Industries & Infrastructure's value of 1.69 is 40.7% below this industry median. Based on the distribution chart, Cian Agro Industries & Infrastructure ranks #1379 out of 1932 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Cian Agro Industries & Infrastructure has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cian Agro Industries & Infrastructure's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Cian Agro Industries & Infrastructure ranks #1379 out of 1932 companies for Altman Z-Score. This places Cian Agro Industries & Infrastructure in the lower half of its industry. The industry median Altman Z-Score is 2.85. Cian Agro Industries & Infrastructure's value of 1.69 is 40.7% below this benchmark. While the company's 10-year median is 1.35 vs. the industry median of 2.85, Cian Agro Industries & Infrastructure has consistently been below 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. Cian Agro Industries & Infrastructure's current Altman Z-Score of 1.69 is 40.7% below 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 Cian Agro Industries & Infrastructure 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. Cian Agro Industries & Infrastructure's current Altman Z-Score is 1.69, which is 25% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cian Agro Industries & Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Cian Agro Industries & Infrastructure (BOM:519477) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹501.09, compared to a current price of ₹1,548.95 — trading 209.1% above its estimated fair value. The current Altman Z-Score is 1.69, which is 25% above median its 10-year median of 1.35 and 40.7% below the Consumer Packaged Goods industry median of 2.85. Cian Agro Industries & Infrastructure's overall GF Score™ is 56/100 with 7 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 Cian Agro Industries & Infrastructure (BOM:519477), the current Altman Z-Score is 1.69 as of Jul. 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 Cian Agro Industries & Infrastructure (BOM:519477) Overvalued in 2026?

Based on GuruFocus' analysis, Cian Agro Industries & Infrastructure stock appears to be overvalued. The current stock price of ₹1,548.95 is trading 209.1% above its estimated GF Value™ of ₹501.09. GuruFocus considers Cian Agro Industries & Infrastructure to be Significantly Overvalued.

Key valuation signals for BOM:519477:

  • Altman Z-Score: 1.69 (25% above median its 10-year median of 1.35)
  • GF Value™: ₹501.09 vs. price of ₹1,548.95 (209.1% above fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 40.7% below the Consumer Packaged Goods median (#1379 of 1932)

No single metric tells the full story. See the BOM:519477 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cian Agro Industries & Infrastructure Business Description

Address Science college Road, Civil Lines, 4th Floor, Gupta Tower, Nagpur, MH, IND, 440001
Cian Agro Industries & Infrastructure Ltd is engaged in the food processing industry. The company's business segments include Agro, which provides Amrutdhara Soyabean Oil, Groundnut Oil, Sunflower Oil, Rice Bran Oil, Chilly Powder, Haldi powder, and other spices. The Health and Personal care segment includes Sugarcane Facial Kit, Handmade Soap, Almond Nutrifying Moisturizer, Klaren Ultra Thin, Klaren XL Maxi, Nutritional supplement, and others, and the infrastructure business segment is engaged in the commissioning & erection, development & refurbishment of industrial projects on a turn-key basis and other allied activities. Additionally, it has a home care segment. It generates a majority of its revenue from the Agro business segment.
56GF Score

Get the complete analysis for BOM:519477

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

₹1,548.95
Price
₹501.09
GF Value