Relicab Cable Manufacturing (BOM:539760) Altman Z-Score: 2.69 (As of Jul. 24, 2026) — Near Median

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BOM:539760 Relicab Cable Manufacturing Ltd BOM:539760
61 GF Score
Price ₹37.62
GF Value ₹156.93
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Relicab Cable Manufacturing Altman Z-Score?

Relicab Cable Manufacturing BOM:539760 +1.81% 61 Altman Z-Score is 2.69 as of Jul. 24, 2026, which is 7% above its 10-year median of 2.51. GuruFocus rates BOM:539760 with a GF Score™ of 61/100 and a GF Value™ of ₹156.93 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 3,008 Industrial Products companies, Relicab Cable Manufacturing ranks worse than 59.91% 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 2.71 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Relicab Cable Manufacturing has a Altman Z-Score of 2.69, indicating it is in Grey Zones. This implies that Relicab Cable Manufacturing is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Relicab Cable Manufacturing's Altman Z-Score or its related term are showing as below:

BOM:539760' s Altman Z-Score Range Over the Past 10 Years
Min: 1.41   Med: 2.51   Max: 4.45
Current: 2.71

During the past 13 years, Relicab Cable Manufacturing's highest Altman Z-Score was 4.45. The lowest was 1.41. And the median was 2.51.


Relicab Cable Manufacturing  (BOM:539760) 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.


Relicab Cable Manufacturing Altman Z-Score Related Terms


Relicab Cable Manufacturing Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Relicab Cable Manufacturing'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.

Relicab Cable Manufacturing Altman Z-Score Chart

Relicab Cable Manufacturing 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 2.29 3.51 4.45 3.29 2.62

Relicab Cable Manufacturing Quarterly Data
Mar20 Sep20 Mar21 Sep21 Mar22 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 3.29 4.41 3.15 3.01 2.62

BOM:539760 vs VRT, BE: Altman Z-Score Comparison

For the Electrical Equipment & Parts subindustry, Relicab Cable Manufacturing'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.


Relicab Cable Manufacturing Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Relicab Cable Manufacturing's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Relicab Cable Manufacturing's Altman Z-Score falls into.


BOM:539760
61GF Score
Relicab Cable Manufacturing Ltd BOM:539760
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Relicab Cable Manufacturing 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.

Relicab Cable Manufacturing'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*0.4089+1.4*0+3.3*0.0947+0.6*1.0616+1.0*1.2536
=2.69

* 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 ₹512.2 Mil.
Total Current Assets was ₹418.9 Mil.
Total Current Liabilities was ₹209.5 Mil.
Retained Earnings was ₹0.0 Mil.
Pre-Tax Income was 9.223 + 1.748 + 3.981 + 6.832 = ₹21.8 Mil.
Interest Expense was -6.951 + -6.778 + -7.738 + -5.271 = ₹-26.7 Mil.
Revenue was 259.722 + 138.359 + 136.451 + 107.528 = ₹642.1 Mil.
Market Cap (Today) was ₹379.8 Mil.
Total Liabilities was ₹357.7 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
=(418.925 - 209.513)/512.164
=0.4089

X2=Retained Earnings/Total Assets
=0/512.164
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(21.784 - -26.738)/512.164
=0.0947

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=379.761/357.726
=1.0616

X5=Revenue/Total Assets
=642.06/512.164
=1.2536

The zones of discrimination were as such:

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

Relicab Cable Manufacturing has a Altman Z-Score of 2.69 indicating it is in Grey 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 2.69 mean?
Relicab Cable Manufacturing (BOM:539760) has a Altman Z-Score of 2.69 as of Jul. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Relicab Cable Manufacturing and its competitors. This is near median its historical median of 2.51. Over the past decade, Relicab Cable Manufacturing's Altman Z-Score has ranged from 1.41 to 4.45. According to the industry distribution chart, Relicab Cable Manufacturing ranks #1802 out of 3008 companies in the Industrial Products industry, placing it in the top 59.9%.
Is Relicab Cable Manufacturing's Altman Z-Score too high?
Relicab Cable Manufacturing's current Altman Z-Score of 2.69 is near median its 10-year median of 2.51. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 4.45. The Industrial Products industry median Altman Z-Score is 3.21. Relicab Cable Manufacturing's value of 2.69 is 16.2% below this industry median. Based on the distribution chart, Relicab Cable Manufacturing ranks #1802 out of 3008 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Relicab Cable Manufacturing has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Relicab Cable Manufacturing's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Relicab Cable Manufacturing ranks #1802 out of 3008 companies for Altman Z-Score. This places Relicab Cable Manufacturing in the lower half of its industry. The industry median Altman Z-Score is 3.21. Relicab Cable Manufacturing's value of 2.69 is 16.2% below this benchmark. Historically, Relicab Cable Manufacturing's own Altman Z-Score has ranged from 1.41 to 4.45 over the past decade. While the company's 10-year median is 2.51 vs. the industry median of 3.21, Relicab Cable Manufacturing 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.21, based on 3,008 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. Relicab Cable Manufacturing's current Altman Z-Score of 2.69 is 16.2% 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 Relicab Cable Manufacturing and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Relicab Cable Manufacturing's current Altman Z-Score is 2.69, which is near median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Relicab Cable Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, Relicab Cable Manufacturing (BOM:539760) is currently considered Possible Value Trap. The stock's GF Value™ is ₹156.93, compared to a current price of ₹37.62 — trading 76% below its estimated fair value. The current Altman Z-Score is 2.69, which is near median its 10-year median of 2.51 and 16.2% below the Industrial Products industry median of 3.21. Relicab Cable Manufacturing's overall GF Score™ is 61/100 with 2 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 Relicab Cable Manufacturing (BOM:539760), the current Altman Z-Score is 2.69 as of Jul. 24, 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 Relicab Cable Manufacturing (BOM:539760) Overvalued in 2026?

Based on GuruFocus' analysis, Relicab Cable Manufacturing stock appears to be undervalued. The current stock price of ₹37.62 is trading 76% below its estimated GF Value™ of ₹156.93. GuruFocus considers Relicab Cable Manufacturing to be Possible Value Trap.

Key valuation signals for BOM:539760:

  • Altman Z-Score: 2.69 (near median its 10-year median of 2.51)
  • GF Value™: ₹156.93 vs. price of ₹37.62 (76% below fair value)
  • GF Score™: 61/100 with 2 warning signs
  • Industry Position: 16.2% below the Industrial Products median (#1802 of 3008)

No single metric tells the full story. See the BOM:539760 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Relicab Cable Manufacturing Business Description

Address 57/1,(4-B) Benslore Industrial Estate, Village Dunetha, Nani Daman, Daman, Daman, IND, 396210
Relicab Cable Manufacturing Ltd is engaged in the manufacturing and exporting of wires and cables for various industrial applications. The company operates manufacturing plants in Daman and serves both domestic and international markets. It produces a wide range of armored and unarmored cables, single and multi-core flexible cables, control and power cables, and instrumentation cables using high-quality copper. The company also manufactures PVC compounds for cable insulation and sheathing, supplying these for internal use and external sales. Relicab focuses on delivering quality products to industries such as telecom, electrical, automotive, household appliances, and wind energy.
61GF Score

Get the complete analysis for BOM:539760

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

₹37.62
Price
₹156.93
GF Value