East West Freight Carriers (BOM:540006) Altman Z-Score: 2.06 (As of Aug. 21, 2026) — 30% Below Median

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BOM:540006 East West Freight Carriers Ltd BOM:540006
59 GF Score
Price ₹2.44
GF Value ₹4.37
Valuation Significantly Undervalued
! 5 Warning Signs
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What is East West Freight Carriers Altman Z-Score?

East West Freight Carriers BOM:540006 +3.83% 59 Altman Z-Score is 2.06 as of Aug. 21, 2026, which is 30% below its 10-year median of 2.93. GuruFocus rates BOM:540006 with a GF Score™ of 59/100 and a GF Value™ of ₹4.37 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 998 Transportation companies, East West Freight Carriers ranks worse than 54.61% 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 2.06 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.

East West Freight Carriers has a Altman Z-Score of 2.06, indicating it is in Grey Zones. This implies that East West Freight Carriers 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 East West Freight Carriers's Altman Z-Score or its related term are showing as below:

BOM:540006' s Altman Z-Score Range Over the Past 10 Years
Min: 2.02   Med: 2.93   Max: 13.35
Current: 2.06

During the past 13 years, East West Freight Carriers's highest Altman Z-Score was 13.35. The lowest was 2.02. And the median was 2.93.


East West Freight Carriers  (BOM:540006) 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.


East West Freight Carriers Altman Z-Score Related Terms


East West Freight Carriers Altman Z-Score Historical Data

* Premium members only.

The historical data trend for East West Freight Carriers'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.

East West Freight Carriers Altman Z-Score Chart

East West Freight Carriers 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 3.03 2.32 2.89 2.97 2.02

East West Freight Carriers 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 2.97 2.75 2.58 2.23 2.02

BOM:540006 vs UPS, FDX, JBHT: Altman Z-Score Comparison

For the Integrated Freight & Logistics subindustry, East West Freight Carriers'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.


East West Freight Carriers Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, East West Freight Carriers's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where East West Freight Carriers's Altman Z-Score falls into.


BOM:540006
59GF Score
East West Freight Carriers Ltd BOM:540006
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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East West Freight Carriers 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.

East West Freight Carriers'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*0.3639+1.4*0+3.3*0.0226+0.6*0.3575+1.0*1.3295
=2.06

* 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 ₹1,517 Mil.
Total Current Assets was ₹1,100 Mil.
Total Current Liabilities was ₹548 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 11.559 + -31.579 + -22.726 + -2.57 = ₹-45 Mil.
Interest Expense was -18.363 + -17.46 + -18.008 + -25.804 = ₹-80 Mil.
Revenue was 443.129 + 455.887 + 551.63 + 565.571 = ₹2,016 Mil.
Market Cap (Today) was ₹311 Mil.
Total Liabilities was ₹871 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
=(1099.691 - 547.744)/1516.551
=0.3639

X2=Retained Earnings/Total Assets
=0/1516.551
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-45.316 - -79.635)/1516.551
=0.0226

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=311.283/870.773
=0.3575

X5=Revenue/Total Assets
=2016.217/1516.551
=1.3295

The zones of discrimination were as such:

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

East West Freight Carriers has a Altman Z-Score of 2.06 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 2.06 mean?
East West Freight Carriers (BOM:540006) has a Altman Z-Score of 2.06 as of Aug. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on East West Freight Carriers and its competitors. This is 30% below median its historical median of 2.93. Over the past decade, East West Freight Carriers' Altman Z-Score has ranged from 2.02 to 13.35. According to the industry distribution chart, East West Freight Carriers ranks #545 out of 998 companies in the Transportation industry, placing it in the top 54.6%.
Is East West Freight Carriers' Altman Z-Score too high?
East West Freight Carriers' current Altman Z-Score of 2.06 is 30% below median its 10-year median of 2.93. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 13.35. The Transportation industry median Altman Z-Score is 2.28. East West Freight Carriers' value of 2.06 is 9.5% below this industry median. Based on the distribution chart, East West Freight Carriers ranks #545 out of 998 companies in the Transportation industry, which is below the industry midpoint. Overall, East West Freight Carriers has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does East West Freight Carriers' Altman Z-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, East West Freight Carriers ranks #545 out of 998 companies for Altman Z-Score. This places East West Freight Carriers in the lower half of its industry. The industry median Altman Z-Score is 2.28. East West Freight Carriers' value of 2.06 is 9.5% below this benchmark. Historically, East West Freight Carriers' own Altman Z-Score has ranged from 2.02 to 13.35 over the past decade. While the company's 10-year median is 2.93 vs. the industry median of 2.28, East West Freight Carriers 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.28, based on 998 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. East West Freight Carriers's current Altman Z-Score of 2.06 is 9.5% 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 East West Freight Carriers and its competitors. For the Transportation industry, the median Altman Z-Score is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. East West Freight Carriers's current Altman Z-Score is 2.06, which is 30% below median its own 10-year median of 2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East West Freight Carriers stock overvalued right now?
Based on GuruFocus' analysis, East West Freight Carriers (BOM:540006) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹4.37, compared to a current price of ₹2.44 — trading 44.2% below its estimated fair value. The current Altman Z-Score is 2.06, which is 30% below median its 10-year median of 2.93 and 9.5% below the Transportation industry median of 2.28. East West Freight Carriers' overall GF Score™ is 59/100 with 5 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 East West Freight Carriers (BOM:540006), the current Altman Z-Score is 2.06 as of Aug. 21, 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 East West Freight Carriers (BOM:540006) Overvalued in 2026?

Based on GuruFocus' analysis, East West Freight Carriers stock appears to be undervalued. The current stock price of ₹2.44 is trading 44.2% below its estimated GF Value™ of ₹4.37. GuruFocus considers East West Freight Carriers to be Significantly Undervalued.

Key valuation signals for BOM:540006:

  • Altman Z-Score: 2.06 (30% below median its 10-year median of 2.93)
  • GF Value™: ₹4.37 vs. price of ₹2.44 (44.2% below fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 9.5% below the Transportation median (#545 of 998)

No single metric tells the full story. See the BOM:540006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


East West Freight Carriers Business Description

Other Exchanges EASTWEST:India
Address Sahar Chakala Road, Unit No. 62, Adarsh Industrial Estate, Andheri East, Mumbai, MH, IND, 400099
East West Freight Carriers Ltd is a company that operates in the transportation sector. The company is engaged in providing logistics solutions, including air and ocean freight forwarding operations and road transportation. Its only operating segment is Freight Forwarding activity.
59GF Score

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

₹2.44
Price
₹4.37
GF Value