Expo Engineering And Projects (BOM:526614) Altman Z-Score: 3.77 (As of Aug. 13, 2026) — 95% Above Median

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BOM:526614 Expo Engineering And Projects Ltd BOM:526614
57 GF Score
Price ₹82.00
GF Value ₹37.23
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Expo Engineering And Projects Altman Z-Score?

Expo Engineering And Projects BOM:526614 -0.35% 57 Altman Z-Score is 3.77 as of Aug. 13, 2026, which is 95% above its 10-year median of 1.93. GuruFocus rates BOM:526614 with a GF Score™ of 57/100 and a GF Value™ of ₹37.23 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,762 Construction companies, Expo Engineering And Projects ranks better than 74.52% 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 3.69 is strong.

Expo Engineering And Projects has a Altman Z-Score of 3.77, 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 Expo Engineering And Projects's Altman Z-Score or its related term are showing as below:

BOM:526614' s Altman Z-Score Range Over the Past 10 Years
Min: 1.3   Med: 1.93   Max: 3.75
Current: 3.69

During the past 13 years, Expo Engineering And Projects's highest Altman Z-Score was 3.75. The lowest was 1.30. And the median was 1.93.


Expo Engineering And Projects  (BOM:526614) 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.


Expo Engineering And Projects Altman Z-Score Related Terms


Expo Engineering And Projects Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Expo Engineering And Projects'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.

Expo Engineering And Projects Altman Z-Score Chart

Expo Engineering And Projects 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 1.65 1.66 2.05 3.75 3.26

Expo Engineering And Projects 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 3.75 4.04 5.47 4.13 3.26

BOM:526614 vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, Expo Engineering And Projects'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.


Expo Engineering And Projects Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, Expo Engineering And Projects's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Expo Engineering And Projects's Altman Z-Score falls into.


BOM:526614
57GF Score
Expo Engineering And Projects Ltd BOM:526614
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Expo Engineering And Projects 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.

Expo Engineering And Projects'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*0.3397+1.4*0+3.3*0.0703+0.6*3.9179+1.0*0.7843
=3.77

* 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 ₹869.9 Mil.
Total Current Assets was ₹733.5 Mil.
Total Current Liabilities was ₹438.0 Mil.
Retained Earnings was ₹0.0 Mil.
Pre-Tax Income was 0.043 + 5.109 + 8.478 + 10.445 = ₹24.1 Mil.
Interest Expense was -9.841 + -9.105 + -10.544 + -7.584 = ₹-37.1 Mil.
Revenue was 172.834 + 180.968 + 149.999 + 178.454 = ₹682.3 Mil.
Market Cap (Today) was ₹1,869.3 Mil.
Total Liabilities was ₹477.1 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
=(733.514 - 437.998)/869.851
=0.3397

X2=Retained Earnings/Total Assets
=0/869.851
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(24.075 - -37.074)/869.851
=0.0703

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1869.305/477.116
=3.9179

X5=Revenue/Total Assets
=682.255/869.851
=0.7843

The zones of discrimination were as such:

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

Expo Engineering And Projects has a Altman Z-Score of 3.77 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 3.77 mean?
Expo Engineering And Projects (BOM:526614) has a Altman Z-Score of 3.77 as of Aug. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Expo Engineering And Projects and its competitors. This is 95% above median its historical median of 1.93. Over the past decade, Expo Engineering And Projects' Altman Z-Score has ranged from 1.30 to 3.75. According to the industry distribution chart, Expo Engineering And Projects ranks #449 out of 1762 companies in the Construction industry, placing it in the top 25.5%.
Is Expo Engineering And Projects' Altman Z-Score too high?
Expo Engineering And Projects' current Altman Z-Score of 3.77 is 95% above median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 3.75. The Construction industry median Altman Z-Score is 2.31. Expo Engineering And Projects' value of 3.77 is 63.2% above this industry median. Based on the distribution chart, Expo Engineering And Projects ranks #449 out of 1762 companies in the Construction industry, which is above the industry midpoint. Overall, Expo Engineering And Projects has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Expo Engineering And Projects' Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Expo Engineering And Projects ranks #449 out of 1762 companies for Altman Z-Score. This puts Expo Engineering And Projects in the upper half of its industry. The industry median Altman Z-Score is 2.31. Expo Engineering And Projects' value of 3.77 is 63.2% above this benchmark. Historically, Expo Engineering And Projects' own Altman Z-Score has ranged from 1.30 to 3.75 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 2.31, Expo Engineering And Projects 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 Construction company?
The median Altman Z-Score among Construction companies is 2.31, based on 1,762 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. Expo Engineering And Projects's current Altman Z-Score of 3.77 is 63.2% 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 Expo Engineering And Projects and its competitors. For the Construction industry, the median Altman Z-Score is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Expo Engineering And Projects's current Altman Z-Score is 3.77, which is 95% above median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Expo Engineering And Projects stock overvalued right now?
Based on GuruFocus' analysis, Expo Engineering And Projects (BOM:526614) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹37.23, compared to a current price of ₹82.00 — trading 120.3% above its estimated fair value. The current Altman Z-Score is 3.77, which is 95% above median its 10-year median of 1.93 and 63.2% above the Construction industry median of 2.31. Expo Engineering And Projects' overall GF Score™ is 57/100 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 Expo Engineering And Projects (BOM:526614), the current Altman Z-Score is 3.77 as of Aug. 13, 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 Expo Engineering And Projects (BOM:526614) Overvalued in 2026?

Based on GuruFocus' analysis, Expo Engineering And Projects stock appears to be overvalued. The current stock price of ₹82.00 is trading 120.3% above its estimated GF Value™ of ₹37.23. GuruFocus considers Expo Engineering And Projects to be Significantly Overvalued.

Key valuation signals for BOM:526614:

  • Altman Z-Score: 3.77 (95% above median its 10-year median of 1.93)
  • GF Value™: ₹37.23 vs. price of ₹82.00 (120.3% above fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 63.2% above the Construction median (#449 of 1762)

No single metric tells the full story. See the BOM:526614 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Expo Engineering And Projects Business Description

Address 150, Sheriff Devji Street, Expo House, Mumbai, MH, IND, 400003
Expo Engineering And Projects Ltd is an engineering and construction company. The company is involved in three business segments: Process Plant Equipment Manufacturing, On-Site Engineering Projects, and Maintenance & Inspection Services. The company manufactures various process plant equipment such as pressure vessels, deaerators, towers, horton spheres, heat exchangers, and reactors among others. It is also involved in site engineering projects along with providing services related to project piping, fabrication and erection of structural equipment, and maintenance shutdown revamp. The company's products and services are predominantly utilized in the oil, gas, petrochemical, fertilizer, and steel Industries.
57GF Score

Get the complete analysis for BOM:526614

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

₹82.00
Price
₹37.23
GF Value