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Eimco Elecon IndiaBOM:523708 +2.62%77 Altman Z-Score is 12.70 as of Jul. 14, 2026, which is 135% above its 10-year median of 5.41. GuruFocus rates BOM:523708 with a GF Score™ of 77/100 and a GF Value™ of ₹1,884.86 (Fairly Valued). The stock has 5 warning signs investors should review. Among 208 Farm & Heavy Construction Machinery companies, Eimco Elecon India ranks better than 97.6% 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 12.42 is strong.
Eimco Elecon India has a Altman Z-Score of 12.70, 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 Eimco Elecon India's Altman Z-Score or its related term are showing as below:
BOM:523708'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.98 Med: 5.41 Max: 17.77
Current: 12.42
During the past 13 years, Eimco Elecon India's highest Altman Z-Score was 17.77. The lowest was 2.98. And the median was 5.41.
Eimco Elecon India (BOM:523708) 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.
Eimco Elecon India Altman Z-Score Related Terms
Eimco Elecon India Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Eimco Elecon India'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.
BOM:523708 vs CAT, DE, PCAR: Altman Z-Score Comparison
For the Farm & Heavy Construction Machinery subindustry, Eimco Elecon India'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.
Eimco Elecon India Altman Z-Score vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Eimco Elecon India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Eimco Elecon India'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.
Eimco Elecon India'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
*
0.3037
+
1.4
*
0.4383
+
3.3
*
0.1003
+
0.6
*
18.2227
+
1.0
*
0.4592
=
12.70
* 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.
Eimco Elecon India (BOM:523708) has a Altman Z-Score of 12.70 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Eimco Elecon India and its competitors. This is 135% above median its historical median of 5.41. Over the past decade, Eimco Elecon India's Altman Z-Score has ranged from 2.98 to 17.77. According to the industry distribution chart, Eimco Elecon India ranks #5 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 2.4%.
Is Eimco Elecon India's Altman Z-Score too high?
Eimco Elecon India's current Altman Z-Score of 12.70 is 135% above median its 10-year median of 5.41. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 17.77. The Farm & Heavy Construction Machinery industry median Altman Z-Score is 2.65. Eimco Elecon India's value of 12.70 is 380.2% above this industry median. Based on the distribution chart, Eimco Elecon India ranks #5 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Eimco Elecon India has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eimco Elecon India's Altman Z-Score compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Eimco Elecon India ranks #5 out of 208 companies for Altman Z-Score. This places Eimco Elecon India in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.65. Eimco Elecon India's value of 12.70 is 380.2% above this benchmark. Historically, Eimco Elecon India's own Altman Z-Score has ranged from 2.98 to 17.77 over the past decade. While the company's 10-year median is 5.41 vs. the industry median of 2.65, Eimco Elecon India 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 Farm & Heavy Construction Machinery company?
The median Altman Z-Score among Farm & Heavy Construction Machinery companies is 2.65, based on 208 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. Eimco Elecon India's current Altman Z-Score of 12.70 is 380.2% 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 Eimco Elecon India and its competitors. For the Farm & Heavy Construction Machinery industry, the median Altman Z-Score is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eimco Elecon India's current Altman Z-Score is 12.70, which is 135% above median its own 10-year median of 5.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eimco Elecon India stock overvalued right now?
Based on GuruFocus' analysis, Eimco Elecon India (BOM:523708) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,884.86, compared to a current price of ₹1,789.65 — trading 5.1% below its estimated fair value. The current Altman Z-Score is 12.70, which is 135% above median its 10-year median of 5.41 and 380.2% above the Farm & Heavy Construction Machinery industry median of 2.65. Eimco Elecon India's overall GF Score™ is 77/100 with 5 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 Eimco Elecon India (BOM:523708), the current Altman Z-Score is 12.70 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 Eimco Elecon India (BOM:523708) Overvalued in 2026?
Based on GuruFocus' analysis, Eimco Elecon India stock appears to be undervalued.
The current stock price of ₹1,789.65 is trading 5.1% below its estimated GF Value™ of ₹1,884.86.
GuruFocus considers Eimco Elecon India to be Fairly Valued.
Key valuation signals for BOM:523708:
Altman Z-Score: 12.70 (135% above median its 10-year median of 5.41)
GF Value™: ₹1,884.86 vs. price of ₹1,789.65 (5.1% below fair value)
Industry Position: 380.2% above the Farm & Heavy Construction Machinery median (#5 of 208)
No single metric tells the full story. See the BOM:523708 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eimco Elecon India Ltd is engaged in the business of manufacturing and supplying equipment for the mining and construction sector. Its products include Load Haul Dumpers (LHDs), Side Dump Loaders, Coal Haulers, Drilling Equipment, Continuous Miner Package, Chair Lift Man Riding System, UV-A-BE (Fully Battery Operated - Multi Utility Vehicle), and MCAR-E (Fully Battery Operated - Passenger Vehicle). The company operates in one segment, Machinery and Spares. It sells its products in India, which generates the majority of revenue, and also exports them to other countries.
77GF Score
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