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Mangalam Industrial FinanceBOM:537800 -1.69%57 Altman Z-Score is 31.26 as of Jul. 14, 2026, which is 80% below its 10-year median of 159.32. GuruFocus rates BOM:537800 with a GF Score™ of 57/100 and a GF Value™ of ₹30.97 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 410 Credit Services companies, Mangalam Industrial Finance ranks better than 92.68% 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 31.78 is strong.
Mangalam Industrial Finance has a Altman Z-Score of 31.26, 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 Mangalam Industrial Finance's Altman Z-Score or its related term are showing as below:
BOM:537800'
s Altman Z-Score Range Over the Past 10 Years
Min: 14.36 Med: 159.32 Max: 858.41
Current: 31.78
During the past 13 years, Mangalam Industrial Finance's highest Altman Z-Score was 858.41. The lowest was 14.36. And the median was 159.32.
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:537800 vs V, MA, AXP: Altman Z-Score Comparison
For the Credit Services subindustry, Mangalam Industrial Finance'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.
Mangalam Industrial Finance Altman Z-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Mangalam Industrial Finance's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Mangalam Industrial Finance'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.
* 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.
Mangalam Industrial Finance (BOM:537800) has a Altman Z-Score of 31.26 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Mangalam Industrial Finance and its competitors. This is 80% below median its historical median of 159.32. Over the past decade, Mangalam Industrial Finance's Altman Z-Score has ranged from 14.36 to 858.41. According to the industry distribution chart, Mangalam Industrial Finance ranks #30 out of 410 companies in the Credit Services industry, placing it in the top 7.3%.
Is Mangalam Industrial Finance's Altman Z-Score too high?
Mangalam Industrial Finance's current Altman Z-Score of 31.26 is 80% below median its 10-year median of 159.32. Over the past 10 years, this metric has ranged from a low of 14.36 to a high of 858.41. The Credit Services industry median Altman Z-Score is 1.76. Mangalam Industrial Finance's value of 31.26 is 1681.2% above this industry median. Based on the distribution chart, Mangalam Industrial Finance ranks #30 out of 410 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Mangalam Industrial Finance has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mangalam Industrial Finance's Altman Z-Score compare to V and MA?
According to the Credit Services industry distribution chart, Mangalam Industrial Finance ranks #30 out of 410 companies for Altman Z-Score. This places Mangalam Industrial Finance in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.76. Mangalam Industrial Finance's value of 31.26 is 1681.2% above this benchmark. Historically, Mangalam Industrial Finance's own Altman Z-Score has ranged from 14.36 to 858.41 over the past decade. While the company's 10-year median is 159.32 vs. the industry median of 1.76, Mangalam Industrial Finance 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 Credit Services company?
The median Altman Z-Score among Credit Services companies is 1.76, based on 410 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. Mangalam Industrial Finance's current Altman Z-Score of 31.26 is 1681.2% 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 Mangalam Industrial Finance and its competitors. For the Credit Services industry, the median Altman Z-Score is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangalam Industrial Finance's current Altman Z-Score is 31.26, which is 80% below median its own 10-year median of 159.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangalam Industrial Finance stock overvalued right now?
Based on GuruFocus' analysis, Mangalam Industrial Finance (BOM:537800) is currently considered Possible Value Trap. The stock's GF Value™ is ₹30.97, compared to a current price of ₹0.58 — trading 98.1% below its estimated fair value. The current Altman Z-Score is 31.26, which is 80% below median its 10-year median of 159.32 and 1681.2% above the Credit Services industry median of 1.76. Mangalam Industrial Finance's overall GF Score™ is 57/100 with 1 warning sign 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 Mangalam Industrial Finance (BOM:537800), the current Altman Z-Score is 31.26 as of Jul. 14, 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 Mangalam Industrial Finance (BOM:537800) Overvalued in 2026?
Based on GuruFocus' analysis, Mangalam Industrial Finance stock appears to be undervalued.
The current stock price of ₹0.58 is trading 98.1% below its estimated GF Value™ of ₹30.97.
GuruFocus considers Mangalam Industrial Finance to be Possible Value Trap.
Key valuation signals for BOM:537800:
Altman Z-Score: 31.26 (80% below median its 10-year median of 159.32)
GF Value™: ₹30.97 vs. price of ₹0.58 (98.1% below fair value)
Industry Position: 1681.2% above the Credit Services median (#30 of 410)
No single metric tells the full story. See the BOM:537800 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mangalam Industrial Finance Ltd is a non-banking financial company engaged in investing and financing. The company generates the majority of its revenue from interest income on loans. It provides hassle-free, easy, and quick loan facilities, offering personal loans, business loans, and professional loans. The company mainly supports customers with financial solutions for the purchase of electric two-wheelers.
57GF Score
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