KSL and Industries (BOM:530149) Altman Z-Score: -5.08 (As of Jul. 13, 2026)


BOM:530149 KSL and Industries Ltd BOM:530149
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What is KSL and Industries Altman Z-Score?

KSL and Industries BOM:530149 4 Altman Z-Score is -5.08 as of Jul. 13, 2026. GuruFocus rates BOM:530149 with a GF Score™ of 4/100.

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.

KSL and Industries has a Altman Z-Score of -5.08, 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 KSL and Industries's Altman Z-Score or its related term are showing as below:


KSL and Industries  (BOM:530149) 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.


KSL and Industries Altman Z-Score Related Terms


KSL and Industries Altman Z-Score Historical Data

* Premium members only.

The historical data trend for KSL and Industries'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.

KSL and Industries Altman Z-Score Chart

KSL and Industries Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar20 Mar21
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.16 -1.63 -2.48 -4.39 -5.08

KSL and Industries Semi-Annual Data
Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar20 Mar21
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.16 -1.63 -2.48 -4.39 -5.08

KSL and Industries Altman Z-Score Competitor Comparison

For the Textile Manufacturing subindustry, KSL and 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.


KSL and Industries Altman Z-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, KSL and Industries's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where KSL and Industries's Altman Z-Score falls into.


BOM:530149
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KSL and Industries Ltd BOM:530149
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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KSL and 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.

KSL and Industries'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*-1.0145+1.4*-2.5118+3.3*-0.1081+0.6*0.0196+1.0*0.0002
=-5.08

* 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. 2021:
Total Assets was ₹4,978.58 Mil.
Total Current Assets was ₹694.21 Mil.
Total Current Liabilities was ₹5,745.17 Mil.
Retained Earnings was ₹-12,505.22 Mil.
Pre-Tax Income was ₹-538.43 Mil.
Interest Expense was ₹-0.00 Mil.
Revenue was ₹1.22 Mil.
Market Cap (Today) was ₹271.80 Mil.
Total Liabilities was ₹13,837.86 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
=(694.205 - 5745.17)/4978.577
=-1.0145

X2=Retained Earnings/Total Assets
=-12505.217/4978.577
=-2.5118

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-538.428 - -0.001)/4978.577
=-0.1081

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=271.804/13837.855
=0.0196

X5=Revenue/Total Assets
=1.22/4978.577
=0.0002

The zones of discrimination were as such:

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

KSL and Industries has a Altman Z-Score of -5.08 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 -5.08 mean?
KSL and Industries (BOM:530149) has a Altman Z-Score of -5.08 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on KSL and Industries and its competitors.
Is KSL and Industries' Altman Z-Score too high?
KSL and Industries' current Altman Z-Score is -5.08. Overall, KSL and Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does KSL and Industries' Altman Z-Score compare to competitors?
KSL and Industries' Altman Z-Score of -5.08 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Altman Z-Score is 2.49. 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 Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.49, based on 1,028 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. 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 KSL and Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KSL and Industries's current Altman Z-Score is -5.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KSL and Industries stock overvalued right now?
KSL and Industries (BOM:530149) has a current Altman Z-Score of -5.08. The current Altman Z-Score is -5.08. KSL and Industries' overall GF Score™ is 4/100. 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 KSL and Industries (BOM:530149), the current Altman Z-Score is -5.08 as of Jul. 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.

KSL and Industries Business Description

Address 11/12, Senapati Bapat Marg, Raghuvanshi Mills Compound, Lower Parel West, Mumbai, MH, IND, 400 013
KSL and Industries Ltd is an India-based textile manufacturing company.
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