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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 1.8 is in distress zone. This implies bankruptcy possibility in the next two years.
Kanoria Energy & Infrastructure has a Altman Z-Score of 1.79, 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 Kanoria Energy & Infrastructure's Altman Z-Score or its related term are showing as below:
BOM:539620'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.52 Med: 2.19 Max: 3.13
Current: 1.8
During the past 12 years, Kanoria Energy & Infrastructure's highest Altman Z-Score was 3.13. The lowest was 1.52. And the median was 2.19.
Kanoria Energy & Infrastructure (BOM:539620) 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.
* 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.
Kanoria Energy & Infrastructure Altman Z-Score Chart
BOM:539620 vs TT, JCI, CARR: Altman Z-Score Comparison
For the Building Products & Equipment subindustry, Kanoria Energy & Infrastructure'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.
Kanoria Energy & Infrastructure Altman Z-Score vs Construction Industry
For the Construction industry and Industrials sector, Kanoria Energy & Infrastructure's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Kanoria Energy & Infrastructure's Altman Z-Score falls into.
Kanoria Energy & Infrastructure 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.
* 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.
Kanoria Energy & Infrastructure (BOM:539620) has a Altman Z-Score of 1.79 as of Jul. 22, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kanoria Energy & Infrastructure and its competitors. This is 18% below median its historical median of 2.19. Over the past decade, Kanoria Energy & Infrastructure's Altman Z-Score has ranged from 1.52 to 3.13. According to the industry distribution chart, Kanoria Energy & Infrastructure ranks #1084 out of 1756 companies in the Construction industry, placing it in the top 61.7%.
Is Kanoria Energy & Infrastructure's Altman Z-Score too high?
Kanoria Energy & Infrastructure's current Altman Z-Score of 1.79 is 18% below median its 10-year median of 2.19. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 3.13. The Construction industry median Altman Z-Score is 2.31. Kanoria Energy & Infrastructure's value of 1.79 is 22.5% below this industry median. Based on the distribution chart, Kanoria Energy & Infrastructure ranks #1084 out of 1756 companies in the Construction industry, which is below the industry midpoint. Overall, Kanoria Energy & Infrastructure has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kanoria Energy & Infrastructure's Altman Z-Score compare to TT and JCI?
According to the Construction industry distribution chart, Kanoria Energy & Infrastructure ranks #1084 out of 1756 companies for Altman Z-Score. This places Kanoria Energy & Infrastructure in the lower half of its industry. The industry median Altman Z-Score is 2.31. Kanoria Energy & Infrastructure's value of 1.79 is 22.5% below this benchmark. Historically, Kanoria Energy & Infrastructure's own Altman Z-Score has ranged from 1.52 to 3.13 over the past decade. While the company's 10-year median is 2.19 vs. the industry median of 2.31, Kanoria Energy & Infrastructure 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 Construction company?
The median Altman Z-Score among Construction companies is 2.31, based on 1,756 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. Kanoria Energy & Infrastructure's current Altman Z-Score of 1.79 is 22.5% 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 Kanoria Energy & Infrastructure and its competitors. For the Construction industry, the median Altman Z-Score is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kanoria Energy & Infrastructure's current Altman Z-Score is 1.79, which is 18% below median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanoria Energy & Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Kanoria Energy & Infrastructure (BOM:539620) is currently considered Possible Value Trap. The stock's GF Value™ is ₹23.48, compared to a current price of ₹15.81 — trading 32.7% below its estimated fair value. The current Altman Z-Score is 1.79, which is 18% below median its 10-year median of 2.19 and 22.5% below the Construction industry median of 2.31. Kanoria Energy & Infrastructure's overall GF Score™ is 68/100 with 6 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 Kanoria Energy & Infrastructure (BOM:539620), the current Altman Z-Score is 1.79 as of Jul. 22, 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 Kanoria Energy & Infrastructure (BOM:539620) Overvalued in 2026?
Based on GuruFocus' analysis, Kanoria Energy & Infrastructure stock appears to be undervalued.
The current stock price of ₹15.81 is trading 32.7% below its estimated GF Value™ of ₹23.48.
GuruFocus considers Kanoria Energy & Infrastructure to be Possible Value Trap.
Key valuation signals for BOM:539620:
Altman Z-Score: 1.79 (18% below median its 10-year median of 2.19)
GF Value™: ₹23.48 vs. price of ₹15.81 (32.7% below fair value)
Industry Position: 22.5% below the Construction median (#1084 of 1756)
No single metric tells the full story. See the BOM:539620 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kanoria Energy & Infrastructure Business Description
Kanoria Energy & Infrastructure Ltd is engaged in the business of manufacturing of Asbestos Cement Pressure Pipes, Corrugated Roofing Sheets, A.C. Sheet and Moulded Goods and laying and jointing of Asbestos Cement Products. The company derives revenue mainly from sale of manufactured goods and related services.
68GF Score
Get the complete analysis for BOM:539620
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