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Karnawati InnovationBOM:531671 56 Altman Z-Score is 5.65 as of Jul. 15, 2026, which is 14% above its 10-year median of 4.96. GuruFocus rates BOM:531671 with a GF Score™ of 56/100 and a GF Value™ of ₹56.27 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 390 Packaging & Containers companies, Karnawati Innovation ranks better than 85.13% 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 5.65 is strong.
Karnawati Innovation has a Altman Z-Score of 5.65, 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 Karnawati Innovation's Altman Z-Score or its related term are showing as below:
BOM:531671'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.12 Med: 4.96 Max: 186.85
Current: 5.65
During the past 13 years, Karnawati Innovation's highest Altman Z-Score was 186.85. The lowest was 2.12. And the median was 4.96.
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.
Karnawati Innovation Altman Z-Score Related Terms
Karnawati Innovation Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Karnawati Innovation'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:531671 vs SW, PKG, IP: Altman Z-Score Comparison
For the Packaging & Containers subindustry, Karnawati Innovation'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.
Karnawati Innovation Altman Z-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Karnawati Innovation's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Karnawati Innovation'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.
Karnawati Innovation'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
*
0.1328
+
1.4
*
0
+
3.3
*
0.232
+
0.6
*
0.3836
+
1.0
*
4.4961
=
5.65
* 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.
Karnawati Innovation (BOM:531671) has a Altman Z-Score of 5.65 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Karnawati Innovation and its competitors. This is 14% above median its historical median of 4.96. Over the past decade, Karnawati Innovation's Altman Z-Score has ranged from 2.12 to 186.85. According to the industry distribution chart, Karnawati Innovation ranks #58 out of 390 companies in the Packaging & Containers industry, placing it in the top 14.9%.
Is Karnawati Innovation's Altman Z-Score too high?
Karnawati Innovation's current Altman Z-Score of 5.65 is 14% above median its 10-year median of 4.96. Over the past 10 years, this metric has ranged from a low of 2.12 to a high of 186.85. The Packaging & Containers industry median Altman Z-Score is 2.64. Karnawati Innovation's value of 5.65 is 114.4% above this industry median. Based on the distribution chart, Karnawati Innovation ranks #58 out of 390 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Karnawati Innovation has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Karnawati Innovation's Altman Z-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Karnawati Innovation ranks #58 out of 390 companies for Altman Z-Score. This places Karnawati Innovation in the top 15% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.64. Karnawati Innovation's value of 5.65 is 114.4% above this benchmark. Historically, Karnawati Innovation's own Altman Z-Score has ranged from 2.12 to 186.85 over the past decade. While the company's 10-year median is 4.96 vs. the industry median of 2.64, Karnawati Innovation 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 Packaging & Containers company?
The median Altman Z-Score among Packaging & Containers companies is 2.64, based on 390 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. Karnawati Innovation's current Altman Z-Score of 5.65 is 114.4% 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 Karnawati Innovation and its competitors. For the Packaging & Containers industry, the median Altman Z-Score is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karnawati Innovation's current Altman Z-Score is 5.65, which is 14% above median its own 10-year median of 4.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karnawati Innovation stock overvalued right now?
Based on GuruFocus' analysis, Karnawati Innovation (BOM:531671) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹56.27, compared to a current price of ₹1.26 — trading 97.8% below its estimated fair value. The current Altman Z-Score is 5.65, which is 14% above median its 10-year median of 4.96 and 114.4% above the Packaging & Containers industry median of 2.64. Karnawati Innovation's overall GF Score™ is 56/100 with 2 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 Karnawati Innovation (BOM:531671), the current Altman Z-Score is 5.65 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 Karnawati Innovation (BOM:531671) Overvalued in 2026?
Based on GuruFocus' analysis, Karnawati Innovation stock appears to be undervalued.
The current stock price of ₹1.26 is trading 97.8% below its estimated GF Value™ of ₹56.27.
GuruFocus considers Karnawati Innovation to be Significantly Undervalued.
Key valuation signals for BOM:531671:
Altman Z-Score: 5.65 (14% above median its 10-year median of 4.96)
GF Value™: ₹56.27 vs. price of ₹1.26 (97.8% below fair value)
Industry Position: 114.4% above the Packaging & Containers median (#58 of 390)
No single metric tells the full story. See the BOM:531671 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Karnawati Innovation Ltd is engaged in the production of mineral water bottles and job work for PET bottles, mainly used for bottling liquor and products having gaseous contents. It serves pharmaceutical companies, FMCG companies, and bottling industries.
56GF Score
Get the complete analysis for BOM:531671
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