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.
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.
Vivid Global IndustriesBOM:524576 +0.61%68 Altman Z-Score is 2.46 as of Aug. 08, 2026, which is 19% below its 10-year median of 3.04. GuruFocus rates BOM:524576 with a GF Score™ of 68/100 and a GF Value™ of ₹29.30 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,562 Chemicals companies, Vivid Global Industries ranks worse than 60.31% 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 2.5 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Vivid Global Industries has a Altman Z-Score of 2.46, indicating it is in Grey Zones. This implies that Vivid Global Industries is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Vivid Global Industries's Altman Z-Score or its related term are showing as below:
BOM:524576'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.45 Med: 3.04 Max: 4.85
Current: 2.5
During the past 13 years, Vivid Global Industries's highest Altman Z-Score was 4.85. The lowest was 2.45. And the median was 3.04.
Vivid Global Industries (BOM:524576) 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.
* 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:524576 vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, Vivid Global Industries'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.
Vivid Global Industries Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Vivid Global Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Vivid Global Industries's Altman Z-Score falls into.
Vivid Global Industries 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.
* 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.
Vivid Global Industries (BOM:524576) has a Altman Z-Score of 2.46 as of Aug. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vivid Global Industries and its competitors. This is 19% below median its historical median of 3.04. Over the past decade, Vivid Global Industries' Altman Z-Score has ranged from 2.45 to 4.85. According to the industry distribution chart, Vivid Global Industries ranks #942 out of 1562 companies in the Chemicals industry, placing it in the top 60.3%.
Is Vivid Global Industries' Altman Z-Score too high?
Vivid Global Industries' current Altman Z-Score of 2.46 is 19% below median its 10-year median of 3.04. Over the past 10 years, this metric has ranged from a low of 2.45 to a high of 4.85. The Chemicals industry median Altman Z-Score is 3.05. Vivid Global Industries' value of 2.46 is 19.3% below this industry median. Based on the distribution chart, Vivid Global Industries ranks #942 out of 1562 companies in the Chemicals industry, which is below the industry midpoint. Overall, Vivid Global Industries has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vivid Global Industries' Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Vivid Global Industries ranks #942 out of 1562 companies for Altman Z-Score. This places Vivid Global Industries in the lower half of its industry. The industry median Altman Z-Score is 3.05. Vivid Global Industries' value of 2.46 is 19.3% below this benchmark. Historically, Vivid Global Industries' own Altman Z-Score has ranged from 2.45 to 4.85 over the past decade. While the company's 10-year median is 3.04 vs. the industry median of 3.05, Vivid Global Industries 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.05, based on 1,562 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. Vivid Global Industries's current Altman Z-Score of 2.46 is 19.3% 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 Vivid Global Industries and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vivid Global Industries's current Altman Z-Score is 2.46, which is 19% below median its own 10-year median of 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vivid Global Industries stock overvalued right now?
Based on GuruFocus' analysis, Vivid Global Industries (BOM:524576) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹29.30, compared to a current price of ₹18.25 — trading 37.7% below its estimated fair value. The current Altman Z-Score is 2.46, which is 19% below median its 10-year median of 3.04 and 19.3% below the Chemicals industry median of 3.05. Vivid Global Industries' overall GF Score™ is 68/100 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 Vivid Global Industries (BOM:524576), the current Altman Z-Score is 2.46 as of Aug. 08, 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 Vivid Global Industries (BOM:524576) Overvalued in 2026?
Based on GuruFocus' analysis, Vivid Global Industries stock appears to be undervalued.
The current stock price of ₹18.25 is trading 37.7% below its estimated GF Value™ of ₹29.30.
GuruFocus considers Vivid Global Industries to be Significantly Undervalued.
Key valuation signals for BOM:524576:
Altman Z-Score: 2.46 (19% below median its 10-year median of 3.04)
GF Value™: ₹29.30 vs. price of ₹18.25 (37.7% below fair value)
Industry Position: 19.3% below the Chemicals median (#942 of 1562)
No single metric tells the full story. See the BOM:524576 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vivid Global Industries Ltd is a manufacturer of dye intermediates, producing chemicals such as N-Methyl J. Acid, Phenyl J. Acid, Rhoduline Acid, Tobias Acid, and Sulpho Tobias Acid. These products serve as intermediates for direct and reactive dye industries. The company operates manufacturing plants in Tarapur, Maharashtra, and Vapi, Gujarat. It generates revenue prominently through the production and sale of dye intermediates for export and domestic markets, out of which majority is from the Local Business.
68GF Score
Get the complete analysis for BOM:524576
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:524576 has been successfully added to your 
