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Arman HoldingsBOM:538556 -1.70%70 Altman Z-Score is 91.31 as of Jul. 17, 2026, which is 26% above its 10-year median of 72.45. GuruFocus rates BOM:538556 with a GF Score™ of 70/100 and a GF Value™ of ₹96.58 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 786 Metals & Mining companies, Arman Holdings ranks better than 98.85% 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 92.86 is strong.
Arman Holdings has a Altman Z-Score of 91.31, 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 Arman Holdings's Altman Z-Score or its related term are showing as below:
BOM:538556'
s Altman Z-Score Range Over the Past 10 Years
Min: 27.76 Med: 72.45 Max: 997.56
Current: 92.86
During the past 13 years, Arman Holdings's highest Altman Z-Score was 997.56. The lowest was 27.76. And the median was 72.45.
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.
Arman Holdings Altman Z-Score Related Terms
Arman Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Arman Holdings'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.
For the Other Precious Metals & Mining subindustry, Arman Holdings'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.
Arman Holdings Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Arman Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Arman Holdings'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.
Arman Holdings'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
*
0.6322
+
1.4
*
0
+
3.3
*
0.1639
+
0.6
*
149.2498
+
1.0
*
0.4623
=
91.31
* 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.
Arman Holdings (BOM:538556) has a Altman Z-Score of 91.31 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Arman Holdings and its competitors. This is 26% above median its historical median of 72.45. Over the past decade, Arman Holdings' Altman Z-Score has ranged from 27.76 to 997.56. According to the industry distribution chart, Arman Holdings ranks #9 out of 786 companies in the Metals & Mining industry, placing it in the top 1.1%.
Is Arman Holdings' Altman Z-Score too high?
Arman Holdings' current Altman Z-Score of 91.31 is 26% above median its 10-year median of 72.45. Over the past 10 years, this metric has ranged from a low of 27.76 to a high of 997.56. The Metals & Mining industry median Altman Z-Score is 3.28. Arman Holdings' value of 91.31 is 2683.8% above this industry median. Based on the distribution chart, Arman Holdings ranks #9 out of 786 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Arman Holdings has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arman Holdings' Altman Z-Score compare to HL?
According to the Metals & Mining industry distribution chart, Arman Holdings ranks #9 out of 786 companies for Altman Z-Score. This places Arman Holdings in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.28. Arman Holdings' value of 91.31 is 2683.8% above this benchmark. Historically, Arman Holdings' own Altman Z-Score has ranged from 27.76 to 997.56 over the past decade. While the company's 10-year median is 72.45 vs. the industry median of 3.28, Arman Holdings 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 Metals & Mining company?
The median Altman Z-Score among Metals & Mining companies is 3.28, based on 786 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. Arman Holdings's current Altman Z-Score of 91.31 is 2683.8% 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 Arman Holdings and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arman Holdings's current Altman Z-Score is 91.31, which is 26% above median its own 10-year median of 72.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arman Holdings stock overvalued right now?
Based on GuruFocus' analysis, Arman Holdings (BOM:538556) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹96.58, compared to a current price of ₹107.10 — trading 10.9% above its estimated fair value. The current Altman Z-Score is 91.31, which is 26% above median its 10-year median of 72.45 and 2683.8% above the Metals & Mining industry median of 3.28. Arman Holdings' overall GF Score™ is 70/100 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 Arman Holdings (BOM:538556), the current Altman Z-Score is 91.31 as of Jul. 17, 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 Arman Holdings (BOM:538556) Overvalued in 2026?
Based on GuruFocus' analysis, Arman Holdings stock appears to be overvalued.
The current stock price of ₹107.10 is trading 10.9% above its estimated GF Value™ of ₹96.58.
GuruFocus considers Arman Holdings to be Modestly Overvalued.
Key valuation signals for BOM:538556:
Altman Z-Score: 91.31 (26% above median its 10-year median of 72.45)
GF Value™: ₹96.58 vs. price of ₹107.10 (10.9% above fair value)
Industry Position: 2683.8% above the Metals & Mining median (#9 of 786)
No single metric tells the full story. See the BOM:538556 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arman Holdings Ltd is an India-based company involved in carrying and undertaking the business of trading, exporting, importing, wholesaling, exhibiting, buying, and selling and otherwise dealing in chemicals, textiles, paper, oil, cement, plastic, automobile, Jute, tea, sugar, gold, diamonds, precious stones, and others. Its segments are Textiles Products; Plastic Products; and Precious Metal & Stones. The product profile in the textile business includes grey fabrics, knitted fabrics, fancy fabrics, cotton fabrics, polyester fabrics, and linen fabrics. A vast majority of the revenue comes from the Precious Metal and Stones segment.
70GF Score
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