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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.
Warning Sign:
Altman Z-score of 1.62 is in distress zone. This implies bankruptcy possibility in the next two years.
Quasar India has a Altman Z-Score of 1.62, 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 Quasar India's Altman Z-Score or its related term are showing as below:
BOM:538452'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.34 Med: 8.11 Max: 2195.87
Current: 1.62
During the past 13 years, Quasar India's highest Altman Z-Score was 2195.87. The lowest was 1.34. And the median was 8.11.
Quasar India (BOM:538452) 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.
Altman Z-Score does not apply to financial companies.
Quasar India Altman Z-Score Related Terms
Quasar India Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Quasar India'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:538452 vs SYY, USFD, PFGC: Altman Z-Score Comparison
For the Food Distribution subindustry, Quasar 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.
Quasar India Altman Z-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Quasar India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Quasar India'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.
Quasar India'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
*
0.8147
+
1.4
*
0
+
3.3
*
-0.0037
+
0.6
*
1.0538
+
1.0
*
0.0208
=
1.62
* 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.
Quasar India (BOM:538452) has a Altman Z-Score of 1.62 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Quasar India and its competitors. This is 80% below median its historical median of 8.11. Over the past decade, Quasar India's Altman Z-Score has ranged from 1.34 to 2,195.87.
Is Quasar India's Altman Z-Score too high?
Quasar India's current Altman Z-Score of 1.62 is 80% below median its 10-year median of 8.11. Over the past 10 years, this metric has ranged from a low of 1.34 to a high of 2,195.87. The Retail - Defensive industry median Altman Z-Score is 3.54. Quasar India's value of 1.62 is 54.2% below this industry median. Overall, Quasar India has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Quasar India's Altman Z-Score compare to SYY and USFD?
Quasar India's Altman Z-Score of 1.62 can be compared against companies in the Retail - Defensive industry. The industry median Altman Z-Score is 3.54. Quasar India's value of 1.62 is 54.2% below this benchmark. Historically, Quasar India's own Altman Z-Score has ranged from 1.34 to 2,195.87 over the past decade. While the company's 10-year median is 8.11 vs. the industry median of 3.54, Quasar India has consistently been below 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 Retail - Defensive company?
The median Altman Z-Score among Retail - Defensive companies is 3.54, based on 309 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. Quasar India's current Altman Z-Score of 1.62 is 54.2% below 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 Quasar India and its competitors. For the Retail - Defensive industry, the median Altman Z-Score is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quasar India's current Altman Z-Score is 1.62, which is 80% below median its own 10-year median of 8.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quasar India stock overvalued right now?
Quasar India (BOM:538452) has a current Altman Z-Score of 1.62. The stock's GF Value™ is ₹0.35, compared to a current price of ₹0.28 — trading 20% below its estimated fair value. The current Altman Z-Score is 1.62, which is 80% below median its 10-year median of 8.11 and 54.2% below the Retail - Defensive industry median of 3.54. Quasar India's overall GF Score™ is 37/100 with 7 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 Quasar India (BOM:538452), the current Altman Z-Score is 1.62 as of Jul. 16, 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 Quasar India (BOM:538452) Overvalued in 2026?
Based on GuruFocus' analysis, Quasar India stock appears to be undervalued.
The current stock price of ₹0.28 is trading 20% below its estimated GF Value™ of ₹0.35.
Key valuation signals for BOM:538452:
Altman Z-Score: 1.62 (80% below median its 10-year median of 8.11)
GF Value™: ₹0.35 vs. price of ₹0.28 (20% below fair value)
Industry Position: 54.2% below the Retail - Defensive median
No single metric tells the full story. See the BOM:538452 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quasar India Ltd is currently engaged in the business of dealing and trading in all types of goods, commodities, and other related materials on retail as well as on a wholesale basis. The company has single-segment Agriculture Trading. It generates revenue through Agriculture Trading Sales.
37GF Score
Get the complete analysis for BOM:538452
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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