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Eveready Industries IndiaBOM:531508 -2.16%69 Altman Z-Score is 4.40 as of Jul. 15, 2026, which is 20% above its 10-year median of 3.67. GuruFocus rates BOM:531508 with a GF Score™ of 69/100 and a GF Value™ of ₹388.13 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 3,005 Industrial Products companies, Eveready Industries India ranks better than 63.89% 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 4.51 is strong.
Eveready Industries India has a Altman Z-Score of 4.40, 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 Eveready Industries India's Altman Z-Score or its related term are showing as below:
BOM:531508'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.18 Med: 3.67 Max: 4.51
Current: 4.51
During the past 13 years, Eveready Industries India's highest Altman Z-Score was 4.51. The lowest was 1.18. And the median was 3.67.
Eveready Industries India (BOM:531508) 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.
For the Electrical Equipment & Parts subindustry, Eveready Industries 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.
Eveready Industries India Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Eveready Industries India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Eveready Industries India's Altman Z-Score falls into.
Eveready Industries India 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.
Eveready Industries India (BOM:531508) has a Altman Z-Score of 4.40 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Eveready Industries India and its competitors. This is 20% above median its historical median of 3.67. Over the past decade, Eveready Industries India's Altman Z-Score has ranged from 1.18 to 4.51. According to the industry distribution chart, Eveready Industries India ranks #1085 out of 3005 companies in the Industrial Products industry, placing it in the top 36.1%.
Is Eveready Industries India's Altman Z-Score too high?
Eveready Industries India's current Altman Z-Score of 4.40 is 20% above median its 10-year median of 3.67. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 4.51. The Industrial Products industry median Altman Z-Score is 3.31. Eveready Industries India's value of 4.40 is 32.9% above this industry median. Based on the distribution chart, Eveready Industries India ranks #1085 out of 3005 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Eveready Industries India has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eveready Industries India's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Eveready Industries India ranks #1085 out of 3005 companies for Altman Z-Score. This puts Eveready Industries India in the upper half of its industry. The industry median Altman Z-Score is 3.31. Eveready Industries India's value of 4.40 is 32.9% above this benchmark. Historically, Eveready Industries India's own Altman Z-Score has ranged from 1.18 to 4.51 over the past decade. While the company's 10-year median is 3.67 vs. the industry median of 3.31, Eveready Industries 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.31, based on 3,005 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. Eveready Industries India's current Altman Z-Score of 4.40 is 32.9% 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 Eveready Industries India and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eveready Industries India's current Altman Z-Score is 4.40, which is 20% above median its own 10-year median of 3.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eveready Industries India stock overvalued right now?
Based on GuruFocus' analysis, Eveready Industries India (BOM:531508) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹388.13, compared to a current price of ₹346.30 — trading 10.8% below its estimated fair value. The current Altman Z-Score is 4.40, which is 20% above median its 10-year median of 3.67 and 32.9% above the Industrial Products industry median of 3.31. Eveready Industries India's overall GF Score™ is 69/100 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 Eveready Industries India (BOM:531508), the current Altman Z-Score is 4.40 as of Jul. 15, 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 Eveready Industries India (BOM:531508) Overvalued in 2026?
Based on GuruFocus' analysis, Eveready Industries India stock appears to be undervalued.
The current stock price of ₹346.30 is trading 10.8% below its estimated GF Value™ of ₹388.13.
GuruFocus considers Eveready Industries India to be Modestly Undervalued.
Key valuation signals for BOM:531508:
Altman Z-Score: 4.40 (20% above median its 10-year median of 3.67)
GF Value™: ₹388.13 vs. price of ₹346.30 (10.8% below fair value)
Industry Position: 32.9% above the Industrial Products median (#1085 of 3005)
No single metric tells the full story. See the BOM:531508 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eveready Industries India Ltd is engaged in the business of manufacturing and marketing dry cell batteries, rechargeable batteries, flashlights, and lighting products, which come under a single business segment known as Consumer Goods. It manufactures and markets dry cell and rechargeable batteries, flashlights, lanterns, packet tea, LED bulbs and luminaries, devices like mobile power banks, rechargeable fans, radio, and small home appliances, among others. The firm markets these products under Eveready, Powercell, Uniross, and Shakti brands. Geographically, the company generates maximum revenue from India and also exports its products to other markets.
69GF Score
Get the complete analysis for BOM:531508
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