Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Yash ChemexBOM:539939 -2.76%60 Altman Z-Score is 3.04 as of Jul. 23, 2026, which is 10% below its 10-year median of 3.38. GuruFocus rates BOM:539939 with a GF Score™ of 60/100 and a GF Value™ of ₹91.00 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,561 Chemicals companies, Yash Chemex ranks better than 50.67% 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 3.11 is strong.
Yash Chemex has a Altman Z-Score of 3.04, 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 Yash Chemex's Altman Z-Score or its related term are showing as below:
BOM:539939'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.76 Med: 3.38 Max: 4.81
Current: 3.11
During the past 13 years, Yash Chemex's highest Altman Z-Score was 4.81. The lowest was 0.76. And the median was 3.38.
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.
Yash Chemex Altman Z-Score Related Terms
Yash Chemex Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Yash Chemex'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:539939 vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, Yash Chemex'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.
Yash Chemex Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Yash Chemex's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Yash Chemex'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.
Yash Chemex'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
*
0.4623
+
1.4
*
0
+
3.3
*
0.0482
+
0.6
*
1.4029
+
1.0
*
1.4891
=
3.04
* 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.
Yash Chemex (BOM:539939) has a Altman Z-Score of 3.04 as of Jul. 23, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Yash Chemex and its competitors. This is 10% below median its historical median of 3.38. Over the past decade, Yash Chemex's Altman Z-Score has ranged from 0.76 to 4.81. According to the industry distribution chart, Yash Chemex ranks #770 out of 1561 companies in the Chemicals industry, placing it in the top 49.3%.
Is Yash Chemex's Altman Z-Score too high?
Yash Chemex's current Altman Z-Score of 3.04 is 10% below median its 10-year median of 3.38. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 4.81. The Chemicals industry median Altman Z-Score is 3.06. Yash Chemex's value of 3.04 is 0.7% below this industry median. Based on the distribution chart, Yash Chemex ranks #770 out of 1561 companies in the Chemicals industry, which is above the industry midpoint. Overall, Yash Chemex has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Yash Chemex's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Yash Chemex ranks #770 out of 1561 companies for Altman Z-Score. This puts Yash Chemex in the upper half of its industry. The industry median Altman Z-Score is 3.06. Yash Chemex's value of 3.04 is 0.7% below this benchmark. Historically, Yash Chemex's own Altman Z-Score has ranged from 0.76 to 4.81 over the past decade. While the company's 10-year median is 3.38 vs. the industry median of 3.06, Yash Chemex 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.06, based on 1,561 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. Yash Chemex's current Altman Z-Score of 3.04 is 0.7% 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 Yash Chemex and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yash Chemex's current Altman Z-Score is 3.04, which is 10% below median its own 10-year median of 3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yash Chemex stock overvalued right now?
Based on GuruFocus' analysis, Yash Chemex (BOM:539939) is currently considered Possible Value Trap. The stock's GF Value™ is ₹91.00, compared to a current price of ₹48.62 — trading 46.6% below its estimated fair value. The current Altman Z-Score is 3.04, which is 10% below median its 10-year median of 3.38 and 0.7% below the Chemicals industry median of 3.06. Yash Chemex's overall GF Score™ is 60/100 with 4 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 Yash Chemex (BOM:539939), the current Altman Z-Score is 3.04 as of Jul. 23, 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 Yash Chemex (BOM:539939) Overvalued in 2026?
Based on GuruFocus' analysis, Yash Chemex stock appears to be undervalued.
The current stock price of ₹48.62 is trading 46.6% below its estimated GF Value™ of ₹91.00.
GuruFocus considers Yash Chemex to be Possible Value Trap.
Key valuation signals for BOM:539939:
Altman Z-Score: 3.04 (10% below median its 10-year median of 3.38)
GF Value™: ₹91.00 vs. price of ₹48.62 (46.6% below fair value)
Industry Position: 0.7% below the Chemicals median (#770 of 1561)
No single metric tells the full story. See the BOM:539939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yash Chemex Ltd is a chemical and allied products company based in Ahmedabad, India. It operates prominently in the trading, importing, and exporting of specialty chemicals, dyes, and intermediates. The company also manufactures and markets fast-moving consumer goods (FMCG) such as hand sanitizers and perfumes through its subsidiary, Yasons Chemex Care Ltd. Yash Chemex serves various industries by supplying specialty chemicals and dyes, generating revenue mainly through its trading activities and the growing FMCG segment. Its operations are focused within India, with a broader reach through international chemical trading networks.
60GF Score
Get the complete analysis for BOM:539939
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:539939 has been successfully added to your 
