United Van Der Horst (BOM:522091) Altman Z-Score: 3.78 (As of Jul. 06, 2026) — 136% Above Median


BOM:522091 United Van Der Horst Ltd BOM:522091
73 GF Score
Price ₹35.50
GF Value ₹32.46
Valuation Fairly Valued
! 3 Warning Signs
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What is United Van Der Horst Altman Z-Score?

United Van Der Horst BOM:522091 -0.84% 73 Altman Z-Score is 3.78 as of Jul. 06, 2026, which is 136% above its 10-year median of 1.60. GuruFocus rates BOM:522091 with a GF Score™ of 73/100 and a GF Value™ of ₹32.46 (Fairly Valued). The stock has 3 warning signs investors should review. Among 3,007 Industrial Products companies, United Van Der Horst ranks better than 54.84% 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 3.78 is strong.

United Van Der Horst has a Altman Z-Score of 3.78, 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 United Van Der Horst's Altman Z-Score or its related term are showing as below:

BOM:522091' s Altman Z-Score Range Over the Past 10 Years
Min: 0.35   Med: 1.6   Max: 4.17
Current: 3.78

During the past 13 years, United Van Der Horst's highest Altman Z-Score was 4.17. The lowest was 0.35. And the median was 1.60.


United Van Der Horst  (BOM:522091) 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.


United Van Der Horst Altman Z-Score Related Terms


United Van Der Horst Altman Z-Score Historical Data

* Premium members only.

The historical data trend for United Van Der Horst'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.

United Van Der Horst Altman Z-Score Chart

United Van Der Horst 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 2.11 1.77 3.55 4.17 3.70

United Van Der Horst 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 4.17 4.26 6.15 3.95 3.70

BOM:522091 vs GEV, ETN, PH: Altman Z-Score Comparison

For the Specialty Industrial Machinery subindustry, United Van Der Horst'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.


United Van Der Horst Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, United Van Der Horst's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where United Van Der Horst's Altman Z-Score falls into.


BOM:522091
73GF Score
United Van Der Horst Ltd BOM:522091
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Van Der Horst 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.

United Van Der Horst'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*0.0823+1.4*0+3.3*0.1005+0.6*5.0617+1.0*0.3146
=3.78

* 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 ₹1,015.3 Mil.
Total Current Assets was ₹316.3 Mil.
Total Current Liabilities was ₹232.7 Mil.
Retained Earnings was ₹0.0 Mil.
Pre-Tax Income was 5.339 + 13.339 + 28.436 + 31.896 = ₹79.0 Mil.
Interest Expense was -5.981 + -5.551 + -5.725 + -5.738 = ₹-23.0 Mil.
Revenue was 59.386 + 82.647 + 86.458 + 90.931 = ₹319.4 Mil.
Market Cap (Today) was ₹2,447.7 Mil.
Total Liabilities was ₹483.6 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
=(316.279 - 232.696)/1015.338
=0.0823

X2=Retained Earnings/Total Assets
=0/1015.338
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(79.01 - -22.995)/1015.338
=0.1005

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2447.725/483.578
=5.0617

X5=Revenue/Total Assets
=319.422/1015.338
=0.3146

The zones of discrimination were as such:

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

United Van Der Horst has a Altman Z-Score of 3.78 indicating it is in Safe 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 3.78 mean?
United Van Der Horst (BOM:522091) has a Altman Z-Score of 3.78 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on United Van Der Horst and its competitors. This is 136% above median its historical median of 1.60. Over the past decade, United Van Der Horst's Altman Z-Score has ranged from 0.35 to 4.17. According to the industry distribution chart, United Van Der Horst ranks #1358 out of 3007 companies in the Industrial Products industry, placing it in the top 45.2%.
Is United Van Der Horst's Altman Z-Score too high?
United Van Der Horst's current Altman Z-Score of 3.78 is 136% above median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 4.17. The Industrial Products industry median Altman Z-Score is 3.40. United Van Der Horst's value of 3.78 is 11.2% above this industry median. Based on the distribution chart, United Van Der Horst ranks #1358 out of 3007 companies in the Industrial Products industry, which is above the industry midpoint. Overall, United Van Der Horst has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Van Der Horst's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, United Van Der Horst ranks #1358 out of 3007 companies for Altman Z-Score. This puts United Van Der Horst in the upper half of its industry. The industry median Altman Z-Score is 3.40. United Van Der Horst's value of 3.78 is 11.2% above this benchmark. Historically, United Van Der Horst's own Altman Z-Score has ranged from 0.35 to 4.17 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 3.40, United Van Der Horst 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 Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.40, based on 3,007 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. United Van Der Horst's current Altman Z-Score of 3.78 is 11.2% 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 United Van Der Horst and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Van Der Horst's current Altman Z-Score is 3.78, which is 136% above median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Van Der Horst stock overvalued right now?
Based on GuruFocus' analysis, United Van Der Horst (BOM:522091) is currently considered Fairly Valued. The stock's GF Value™ is ₹32.46, compared to a current price of ₹35.50 — trading 9.4% above its estimated fair value. The current Altman Z-Score is 3.78, which is 136% above median its 10-year median of 1.60 and 11.2% above the Industrial Products industry median of 3.40. United Van Der Horst's overall GF Score™ is 73/100 with 3 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 United Van Der Horst (BOM:522091), the current Altman Z-Score is 3.78 as of Jul. 06, 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 United Van Der Horst (BOM:522091) Overvalued in 2026?

Based on GuruFocus' analysis, United Van Der Horst stock appears to be overvalued. The current stock price of ₹35.50 is trading 9.4% above its estimated GF Value™ of ₹32.46. GuruFocus considers United Van Der Horst to be Fairly Valued.

Key valuation signals for BOM:522091:

  • Altman Z-Score: 3.78 (136% above median its 10-year median of 1.60)
  • GF Value™: ₹32.46 vs. price of ₹35.50 (9.4% above fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 11.2% above the Industrial Products median (#1358 of 3007)

No single metric tells the full story. See the BOM:522091 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Van Der Horst Business Description

Address E-29/30 MIDC Industrial Area, Taloja, Raigad District, Navi Mumbai, MH, IND, 410208
United Van Der Horst Ltd provides reconditioning, re-standardizing, reverse engineering, and manufacturing services for heavy mechanical equipment across core sectors like marine, oil fields, power plants, petrochemicals, mining, and other processing industries. The company uses patented chrome plating and specialized welding processes to support maintenance and breakdown needs. Its operations serve customers across India in diverse industrial segments. Revenue is generated through service contracts and manufacturing jobs for equipment repair, refurbishment, and custom fabrication. The company is part of the Max Spare Group and maintains certifications from classified organizations to ensure quality standards.
73GF Score

Get the complete analysis for BOM:522091

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

₹35.50
Price
₹32.46
GF Value