Starlineps Enterprises (BOM:540492) Altman Z-Score: 29.24 (As of Jul. 28, 2026) — 66% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BOM:540492 Starlineps Enterprises Ltd BOM:540492
80 GF Score
Price ₹10.25
GF Value ₹15.47
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Starlineps Enterprises Altman Z-Score?

Starlineps Enterprises BOM:540492 -2.94% 80 Altman Z-Score is 29.24 as of Jul. 28, 2026, which is 66% below its 10-year median of 85.64. GuruFocus rates BOM:540492 with a GF Score™ of 80/100 and a GF Value™ of ₹15.47 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,114 Retail - Cyclical companies, Starlineps Enterprises ranks better than 98.47% 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 30.07 is strong.

Starlineps Enterprises has a Altman Z-Score of 29.24, 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 Starlineps Enterprises's Altman Z-Score or its related term are showing as below:

BOM:540492' s Altman Z-Score Range Over the Past 10 Years
Min: 6.56   Med: 85.64   Max: 878.87
Current: 30.07

During the past 13 years, Starlineps Enterprises's highest Altman Z-Score was 878.87. The lowest was 6.56. And the median was 85.64.


Starlineps Enterprises  (BOM:540492) 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.


Starlineps Enterprises Altman Z-Score Related Terms


Starlineps Enterprises Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Starlineps Enterprises'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.

Starlineps Enterprises Altman Z-Score Chart

Starlineps Enterprises 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 434.21 878.87 75.56 7.13 29.77

Starlineps Enterprises 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 7.13 7.65 4.81 3.88 29.77

BOM:540492 vs TPR: Altman Z-Score Comparison

For the Luxury Goods subindustry, Starlineps Enterprises'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.


Starlineps Enterprises Altman Z-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Starlineps Enterprises's Altman Z-Score distribution charts can be found below:

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


BOM:540492
80GF Score
Starlineps Enterprises Ltd BOM:540492
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Starlineps Enterprises 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.

Starlineps Enterprises'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*0.8919+1.4*0+3.3*0.0108+0.6*45.9648+1.0*0.5516
=29.24

* 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 ₹1,770.3 Mil.
Total Current Assets was ₹1,675.0 Mil.
Total Current Liabilities was ₹96.1 Mil.
Retained Earnings was ₹0.0 Mil.
Pre-Tax Income was -25.652 + 9.725 + 20.08 + 11.694 = ₹15.8 Mil.
Interest Expense was -0.859 + -0.351 + -1.585 + -0.48 = ₹-3.3 Mil.
Revenue was 280.232 + 201.935 + 368.595 + 125.708 = ₹976.5 Mil.
Market Cap (Today) was ₹4,417.4 Mil.
Total Liabilities was ₹96.1 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
=(1675.008 - 96.104)/1770.304
=0.8919

X2=Retained Earnings/Total Assets
=0/1770.304
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(15.847 - -3.275)/1770.304
=0.0108

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4417.398/96.104
=45.9648

X5=Revenue/Total Assets
=976.47/1770.304
=0.5516

The zones of discrimination were as such:

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

Starlineps Enterprises has a Altman Z-Score of 29.24 indicating it is in Safe 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 29.24 mean?
Starlineps Enterprises (BOM:540492) has a Altman Z-Score of 29.24 as of Jul. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Starlineps Enterprises and its competitors. This is 66% below median its historical median of 85.64. Over the past decade, Starlineps Enterprises' Altman Z-Score has ranged from 6.56 to 878.87. According to the industry distribution chart, Starlineps Enterprises ranks #17 out of 1114 companies in the Retail - Cyclical industry, placing it in the top 1.5%.
Is Starlineps Enterprises' Altman Z-Score too high?
Starlineps Enterprises' current Altman Z-Score of 29.24 is 66% below median its 10-year median of 85.64. Over the past 10 years, this metric has ranged from a low of 6.56 to a high of 878.87. The Retail - Cyclical industry median Altman Z-Score is 2.74. Starlineps Enterprises' value of 29.24 is 969.1% above this industry median. Based on the distribution chart, Starlineps Enterprises ranks #17 out of 1114 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Starlineps Enterprises has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Starlineps Enterprises' Altman Z-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Starlineps Enterprises ranks #17 out of 1114 companies for Altman Z-Score. This places Starlineps Enterprises in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.74. Starlineps Enterprises' value of 29.24 is 969.1% above this benchmark. Historically, Starlineps Enterprises' own Altman Z-Score has ranged from 6.56 to 878.87 over the past decade. While the company's 10-year median is 85.64 vs. the industry median of 2.74, Starlineps Enterprises has consistently been above 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.74, based on 1,114 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. Starlineps Enterprises's current Altman Z-Score of 29.24 is 969.1% above 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 Starlineps Enterprises and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starlineps Enterprises's current Altman Z-Score is 29.24, which is 66% below median its own 10-year median of 85.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starlineps Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Starlineps Enterprises (BOM:540492) is currently considered Possible Value Trap. The stock's GF Value™ is ₹15.47, compared to a current price of ₹10.25 — trading 33.7% below its estimated fair value. The current Altman Z-Score is 29.24, which is 66% below median its 10-year median of 85.64 and 969.1% above the Retail - Cyclical industry median of 2.74. Starlineps Enterprises' overall GF Score™ is 80/100 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 Starlineps Enterprises (BOM:540492), the current Altman Z-Score is 29.24 as of Jul. 28, 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 Starlineps Enterprises (BOM:540492) Overvalued in 2026?

Based on GuruFocus' analysis, Starlineps Enterprises stock appears to be undervalued. The current stock price of ₹10.25 is trading 33.7% below its estimated GF Value™ of ₹15.47. GuruFocus considers Starlineps Enterprises to be Possible Value Trap.

Key valuation signals for BOM:540492:

  • Altman Z-Score: 29.24 (66% below median its 10-year median of 85.64)
  • GF Value™: ₹15.47 vs. price of ₹10.25 (33.7% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 969.1% above the Retail - Cyclical median (#17 of 1114)

No single metric tells the full story. See the BOM:540492 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Starlineps Enterprises Business Description

Address Near Iscon Mall, Office No. 805, Solaris Bay View, Piplod, Surat, GJ, IND, 395007
Starlineps Enterprises Ltd is engaged in the business of wholesale trading of precious metals, stones, and jewellery. The company is also engaged in sourcing diamonds from the domestic market and selling them in the retail or wholesale market.
80GF Score

Get the complete analysis for BOM:540492

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

₹10.25
Price
₹15.47
GF Value