Shashijit Infraprojects (BOM:540147) Altman Z-Score: 1.34 (As of Jul. 12, 2026) — 36% Below Median


BOM:540147 Shashijit Infraprojects Ltd BOM:540147
56 GF Score
Price ₹2.15
GF Value ₹3.04
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Shashijit Infraprojects Altman Z-Score?

Shashijit Infraprojects BOM:540147 -0.92% 56 Altman Z-Score is 1.34 as of Jul. 12, 2026, which is 36% below its 10-year median of 2.10. GuruFocus rates BOM:540147 with a GF Score™ of 56/100 and a GF Value™ of ₹3.04 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,754 Construction companies, Shashijit Infraprojects ranks worse than 74.46% 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 1.34 is in distress zone. This implies bankruptcy possibility in the next two years.

Shashijit Infraprojects has a Altman Z-Score of 1.34, 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 Shashijit Infraprojects's Altman Z-Score or its related term are showing as below:

BOM:540147' s Altman Z-Score Range Over the Past 10 Years
Min: 1.34   Med: 2.1   Max: 3.51
Current: 1.34

During the past 13 years, Shashijit Infraprojects's highest Altman Z-Score was 3.51. The lowest was 1.34. And the median was 2.10.


Shashijit Infraprojects  (BOM:540147) 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.


Shashijit Infraprojects Altman Z-Score Related Terms


Shashijit Infraprojects Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Shashijit Infraprojects'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.

Shashijit Infraprojects Altman Z-Score Chart

Shashijit Infraprojects 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 1.89 2.07 1.85 2.13 1.37

Shashijit Infraprojects 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 2.13 2.03 1.73 1.36 1.37

BOM:540147 vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, Shashijit Infraprojects'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.


Shashijit Infraprojects Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, Shashijit Infraprojects's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Shashijit Infraprojects's Altman Z-Score falls into.


BOM:540147
56GF Score
Shashijit Infraprojects Ltd BOM:540147
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Shashijit Infraprojects 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.

Shashijit Infraprojects'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*0.1428+1.4*0+3.3*0.0265+0.6*0.7364+1.0*0.6391
=1.34

* 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 ₹366.9 Mil.
Total Current Assets was ₹263.4 Mil.
Total Current Liabilities was ₹211.0 Mil.
Retained Earnings was ₹0.0 Mil.
Pre-Tax Income was -0.58 + 0.866 + 1.591 + 0.738 = ₹2.6 Mil.
Interest Expense was -2.016 + -1.9 + -1.569 + -1.611 = ₹-7.1 Mil.
Revenue was 66.519 + 39.456 + 60.1 + 68.37 = ₹234.4 Mil.
Market Cap (Today) was ₹156.2 Mil.
Total Liabilities was ₹212.2 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
=(263.354 - 210.972)/366.864
=0.1428

X2=Retained Earnings/Total Assets
=0/366.864
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2.615 - -7.096)/366.864
=0.0265

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=156.245/212.16
=0.7364

X5=Revenue/Total Assets
=234.445/366.864
=0.6391

The zones of discrimination were as such:

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

Shashijit Infraprojects has a Altman Z-Score of 1.34 indicating it is in Distress 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 1.34 mean?
Shashijit Infraprojects (BOM:540147) has a Altman Z-Score of 1.34 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shashijit Infraprojects and its competitors. This is 36% below median its historical median of 2.10. Over the past decade, Shashijit Infraprojects' Altman Z-Score has ranged from 1.34 to 3.51. According to the industry distribution chart, Shashijit Infraprojects ranks #1306 out of 1754 companies in the Construction industry, placing it in the top 74.5%.
Is Shashijit Infraprojects' Altman Z-Score too high?
Shashijit Infraprojects' current Altman Z-Score of 1.34 is 36% below median its 10-year median of 2.10. Over the past 10 years, this metric has ranged from a low of 1.34 to a high of 3.51. The Construction industry median Altman Z-Score is 2.33. Shashijit Infraprojects' value of 1.34 is 42.5% below this industry median. Based on the distribution chart, Shashijit Infraprojects ranks #1306 out of 1754 companies in the Construction industry, which is below the industry midpoint. Overall, Shashijit Infraprojects has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shashijit Infraprojects' Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Shashijit Infraprojects ranks #1306 out of 1754 companies for Altman Z-Score. This places Shashijit Infraprojects in the lower half of its industry. The industry median Altman Z-Score is 2.33. Shashijit Infraprojects' value of 1.34 is 42.5% below this benchmark. Historically, Shashijit Infraprojects' own Altman Z-Score has ranged from 1.34 to 3.51 over the past decade. While the company's 10-year median is 2.10 vs. the industry median of 2.33, Shashijit Infraprojects 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 2.33, based on 1,754 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. Shashijit Infraprojects's current Altman Z-Score of 1.34 is 42.5% 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 Shashijit Infraprojects and its competitors. For the Construction industry, the median Altman Z-Score is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shashijit Infraprojects's current Altman Z-Score is 1.34, which is 36% below median its own 10-year median of 2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shashijit Infraprojects stock overvalued right now?
Based on GuruFocus' analysis, Shashijit Infraprojects (BOM:540147) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3.04, compared to a current price of ₹2.15 — trading 29.3% below its estimated fair value. The current Altman Z-Score is 1.34, which is 36% below median its 10-year median of 2.10 and 42.5% below the Construction industry median of 2.33. Shashijit Infraprojects' overall GF Score™ is 56/100 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 Shashijit Infraprojects (BOM:540147), the current Altman Z-Score is 1.34 as of Jul. 12, 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 Shashijit Infraprojects (BOM:540147) Overvalued in 2026?

Based on GuruFocus' analysis, Shashijit Infraprojects stock appears to be undervalued. The current stock price of ₹2.15 is trading 29.3% below its estimated GF Value™ of ₹3.04. GuruFocus considers Shashijit Infraprojects to be Modestly Undervalued.

Key valuation signals for BOM:540147:

  • Altman Z-Score: 1.34 (36% below median its 10-year median of 2.10)
  • GF Value™: ₹3.04 vs. price of ₹2.15 (29.3% below fair value)
  • GF Score™: 56/100 with 6 warning signs
  • Industry Position: 42.5% below the Construction median (#1306 of 1754)

No single metric tells the full story. See the BOM:540147 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shashijit Infraprojects Business Description

Address Girnar Khushboo Plaza, GIDC, Plot Number 209, Shop Number 23, 2nd Floor, Vapi, GJ, IND, 396195
Shashijit Infraprojects Ltd operates in industrial and infrastructural contracting, focusing on civil construction for industrial, residential, commercial, and institutional buildings. The company undertakes projects including power plants and effluent treatment plants. Its operations are mainly concentrated in the Gujarat region. Shashijit Infraprojects generates revenue by providing comprehensive construction services including design, procurement, and project management for industrial infrastructure and building projects. The company serves a range of sectors through its contracting services. The company is operating in the single segment of Construction and Development of Immovable Properties.
56GF Score

Get the complete analysis for BOM:540147

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

₹2.15
Price
₹3.04
GF Value