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Tirupati InnovarBOM:539040 +0.98%33 Altman Z-Score is 1.11 as of Aug. 25, 2026, which is 7% below its 10-year median of 1.19. GuruFocus rates BOM:539040 with a GF Score™ of 33/100. The stock has 3 warning signs investors should review. Among 1,315 Vehicles & Parts companies, Tirupati Innovar ranks worse than 85.48% 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.
Warning Sign:
Altman Z-score of 1.11 is in distress zone. This implies bankruptcy possibility in the next two years.
Tirupati Innovar has a Altman Z-Score of 1.11, 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 Tirupati Innovar's Altman Z-Score or its related term are showing as below:
BOM:539040'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.1 Med: 1.19 Max: 3.34
Current: 1.11
During the past 13 years, Tirupati Innovar's highest Altman Z-Score was 3.34. The lowest was 1.10. And the median was 1.19.
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.
Tirupati Innovar Altman Z-Score Related Terms
Tirupati Innovar Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Tirupati Innovar'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:539040 vs ORLY, AZO: Altman Z-Score Comparison
For the Auto Parts subindustry, Tirupati Innovar'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.
Tirupati Innovar Altman Z-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tirupati Innovar's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Tirupati Innovar'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.
Tirupati Innovar'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
*
0.2898
+
1.4
*
0
+
3.3
*
0.0042
+
0.6
*
0.1067
+
1.0
*
0.6811
=
1.11
* 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.
Tirupati Innovar (BOM:539040) has a Altman Z-Score of 1.11 as of Aug. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tirupati Innovar and its competitors. This is near median its historical median of 1.19. Over the past decade, Tirupati Innovar's Altman Z-Score has ranged from 1.10 to 3.34. According to the industry distribution chart, Tirupati Innovar ranks #1124 out of 1315 companies in the Vehicles & Parts industry, placing it in the top 85.5%.
Is Tirupati Innovar's Altman Z-Score too high?
Tirupati Innovar's current Altman Z-Score of 1.11 is near median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 3.34. The Vehicles & Parts industry median Altman Z-Score is 2.54. Tirupati Innovar's value of 1.11 is 56.3% below this industry median. Based on the distribution chart, Tirupati Innovar ranks #1124 out of 1315 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Tirupati Innovar has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Tirupati Innovar's Altman Z-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Tirupati Innovar ranks #1124 out of 1315 companies for Altman Z-Score. This places Tirupati Innovar in the lower half of its industry. The industry median Altman Z-Score is 2.54. Tirupati Innovar's value of 1.11 is 56.3% below this benchmark. Historically, Tirupati Innovar's own Altman Z-Score has ranged from 1.10 to 3.34 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 2.54, Tirupati Innovar 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.54, based on 1,315 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. Tirupati Innovar's current Altman Z-Score of 1.11 is 56.3% 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 Tirupati Innovar and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tirupati Innovar's current Altman Z-Score is 1.11, which is near median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tirupati Innovar stock overvalued right now?
Tirupati Innovar (BOM:539040) has a current Altman Z-Score of 1.11. The current Altman Z-Score is 1.11, which is near median its 10-year median of 1.19 and 56.3% below the Vehicles & Parts industry median of 2.54. Tirupati Innovar's overall GF Score™ is 33/100 with 3 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 Tirupati Innovar (BOM:539040), the current Altman Z-Score is 1.11 as of Aug. 25, 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.
Tirupati Innovar Ltd, formerly Tirupati Tyres Ltd is a tyre manufacturer in India catering to diverse business segments in the automobile industry. It manufactures and retails tires and tubes for cycles, bicycles, motorcycles, auto rickshaws, and other vehicles in India. The company serves diverse segments within the automobile industry by providing a range of rubber products tailored for different vehicle types. It operates through a network of dealers and distributors to reach its customers. Revenue prominently comes from the sale of tires and related products, supported by manufacturing and trading activities. The company focuses on delivering quality solutions aimed at meeting the needs of various transportation sectors.
33GF Score
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