Naturite Agro Products (BOM:538926) Altman Z-Score: 5.79 (As of Aug. 14, 2026) — 33% Below Median

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BOM:538926 Naturite Agro Products Ltd BOM:538926
49 GF Score
Price ₹186.85
GF Value ₹465.79
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Naturite Agro Products Altman Z-Score?

Naturite Agro Products BOM:538926 +0.11% 49 Altman Z-Score is 5.79 as of Aug. 14, 2026, which is 33% below its 10-year median of 8.59. GuruFocus rates BOM:538926 with a GF Score™ of 49/100 and a GF Value™ of ₹465.79 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,932 Consumer Packaged Goods companies, Naturite Agro Products ranks better than 81.11% 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 6.03 is strong.

Naturite Agro Products has a Altman Z-Score of 5.79, 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 Naturite Agro Products's Altman Z-Score or its related term are showing as below:

BOM:538926' s Altman Z-Score Range Over the Past 10 Years
Min: 2.4   Med: 8.59   Max: 21.63
Current: 6.03

During the past 13 years, Naturite Agro Products's highest Altman Z-Score was 21.63. The lowest was 2.40. And the median was 8.59.


Naturite Agro Products  (BOM:538926) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Naturite Agro Products Altman Z-Score Related Terms


Naturite Agro Products Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Naturite Agro Products'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.

Naturite Agro Products Altman Z-Score Chart

Naturite Agro Products Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.41 2.40 5.94 6.16 4.55

Naturite Agro Products Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.16 6.76 6.35 5.94 4.55

BOM:538926 vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Naturite Agro Products'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.


Naturite Agro Products Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Naturite Agro Products's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Naturite Agro Products's Altman Z-Score falls into.


BOM:538926
49GF Score
Naturite Agro Products Ltd BOM:538926
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Naturite Agro Products 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.

Naturite Agro Products'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*0.0623+1.4*0+3.3*0.0183+0.6*6.9583+1.0*1.4796
=5.79

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ₹240.9 Mil.
Total Current Assets was ₹138.4 Mil.
Total Current Liabilities was ₹123.4 Mil.
Retained Earnings was ₹0.0 Mil.
Pre-Tax Income was -10.395 + 2.131 + 8.711 + 0.179 = ₹0.6 Mil.
Interest Expense was -1.583 + -1.302 + -0.418 + -0.489 = ₹-3.8 Mil.
Revenue was 79.573 + 62.398 + 121.898 + 92.564 = ₹356.4 Mil.
Market Cap (Today) was ₹989.6 Mil.
Total Liabilities was ₹142.2 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(138.383 - 123.367)/240.9
=0.0623

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0.626 - -3.792)/240.9
=0.0183

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=989.558/142.213
=6.9583

X5=Revenue/Total Assets
=356.433/240.9
=1.4796

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Naturite Agro Products has a Altman Z-Score of 5.79 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 5.79 mean?
Naturite Agro Products (BOM:538926) has a Altman Z-Score of 5.79 as of Aug. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Naturite Agro Products and its competitors. This is 33% below median its historical median of 8.59. Over the past decade, Naturite Agro Products' Altman Z-Score has ranged from 2.40 to 21.63. According to the industry distribution chart, Naturite Agro Products ranks #365 out of 1932 companies in the Consumer Packaged Goods industry, placing it in the top 18.9%.
Is Naturite Agro Products' Altman Z-Score too high?
Naturite Agro Products' current Altman Z-Score of 5.79 is 33% below median its 10-year median of 8.59. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 21.63. The Consumer Packaged Goods industry median Altman Z-Score is 2.91. Naturite Agro Products' value of 5.79 is 99.3% above this industry median. Based on the distribution chart, Naturite Agro Products ranks #365 out of 1932 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Naturite Agro Products has a GF Score™ of 49/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Naturite Agro Products' Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Naturite Agro Products ranks #365 out of 1932 companies for Altman Z-Score. This places Naturite Agro Products in the top 19% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.91. Naturite Agro Products' value of 5.79 is 99.3% above this benchmark. Historically, Naturite Agro Products' own Altman Z-Score has ranged from 2.40 to 21.63 over the past decade. While the company's 10-year median is 8.59 vs. the industry median of 2.91, Naturite Agro Products 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.91, based on 1,932 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. Naturite Agro Products's current Altman Z-Score of 5.79 is 99.3% 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 Naturite Agro Products and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naturite Agro Products's current Altman Z-Score is 5.79, which is 33% below median its own 10-year median of 8.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naturite Agro Products stock overvalued right now?
Based on GuruFocus' analysis, Naturite Agro Products (BOM:538926) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹465.79, compared to a current price of ₹186.85 — trading 59.9% below its estimated fair value. The current Altman Z-Score is 5.79, which is 33% below median its 10-year median of 8.59 and 99.3% above the Consumer Packaged Goods industry median of 2.91. Naturite Agro Products' overall GF Score™ is 49/100 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 Naturite Agro Products (BOM:538926), the current Altman Z-Score is 5.79 as of Aug. 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 Naturite Agro Products (BOM:538926) Overvalued in 2026?

Based on GuruFocus' analysis, Naturite Agro Products stock appears to be undervalued. The current stock price of ₹186.85 is trading 59.9% below its estimated GF Value™ of ₹465.79. GuruFocus considers Naturite Agro Products to be Significantly Undervalued.

Key valuation signals for BOM:538926:

  • Altman Z-Score: 5.79 (33% below median its 10-year median of 8.59)
  • GF Value™: ₹465.79 vs. price of ₹186.85 (59.9% below fair value)
  • GF Score™: 49/100 with 1 warning sign
  • Industry Position: 99.3% above the Consumer Packaged Goods median (#365 of 1932)

No single metric tells the full story. See the BOM:538926 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Naturite Agro Products Business Description

Address D. No. 3-4-508 (395), Street No. 10, Barkatpura, Hyderabad, TG, IND, 500027
Naturite Agro Products Ltd engages in manufacturing, supplying, and exporting a wide range of Spice Oils, Oleoresin, Natural Food colors, and Herbal Products. The company's products include Capsicum Oleoresin, Pure Capsicum, Paprika Oleoresin, Turmeric Oleoresin, and Curcumin Powder. The company caters to both domestic and international markets.
49GF Score

Get the complete analysis for BOM:538926

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹186.85
Price
₹465.79
GF Value