Bharat Parenterals (BOM:541096) Altman Z-Score: 2.70 (As of Aug. 08, 2026) — 16% Below Median

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BOM:541096 Bharat Parenterals Ltd BOM:541096
74 GF Score
Price ₹1,375.00
GF Value ₹1,158.85
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Bharat Parenterals Altman Z-Score?

Bharat Parenterals BOM:541096 -3.12% 74 Altman Z-Score is 2.70 as of Aug. 08, 2026, which is 16% below its 10-year median of 3.20. GuruFocus rates BOM:541096 with a GF Score™ of 74/100 and a GF Value™ of ₹1,158.85 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 952 Drug Manufacturers companies, Bharat Parenterals ranks worse than 56.3% 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 2.78 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.

Bharat Parenterals has a Altman Z-Score of 2.70, indicating it is in Grey Zones. This implies that Bharat Parenterals 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 Bharat Parenterals's Altman Z-Score or its related term are showing as below:

BOM:541096' s Altman Z-Score Range Over the Past 10 Years
Min: 2.05   Med: 3.2   Max: 5.19
Current: 2.78

During the past 13 years, Bharat Parenterals's highest Altman Z-Score was 5.19. The lowest was 2.05. And the median was 3.20.


Bharat Parenterals  (BOM:541096) 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.


Bharat Parenterals Altman Z-Score Related Terms


Bharat Parenterals Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Bharat Parenterals'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.

Bharat Parenterals Altman Z-Score Chart

Bharat Parenterals 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 4.02 2.66 2.82 2.37 2.05

Bharat Parenterals 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 2.37 2.67 3.02 2.90 2.05

BOM:541096 vs ZTS: Altman Z-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Bharat Parenterals'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.


Bharat Parenterals Altman Z-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Bharat Parenterals's Altman Z-Score distribution charts can be found below:

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


BOM:541096
74GF Score
Bharat Parenterals Ltd BOM:541096
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Bharat Parenterals 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.

Bharat Parenterals'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*0.249+1.4*0+3.3*-0.0145+0.6*3.1408+1.0*0.5632
=2.70

* 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 ₹6,133 Mil.
Total Current Assets was ₹3,101 Mil.
Total Current Liabilities was ₹1,574 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was -83.72 + -82.836 + -73.1 + 25.5 = ₹-214 Mil.
Interest Expense was -28.457 + -28.968 + -31.1 + -36.9 = ₹-125 Mil.
Revenue was 996.237 + 651.881 + 646.2 + 1160 = ₹3,454 Mil.
Market Cap (Today) was ₹9,476 Mil.
Total Liabilities was ₹3,017 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
=(3100.829 - 1573.934)/6132.964
=0.249

X2=Retained Earnings/Total Assets
=0/6132.964
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-214.156 - -125.425)/6132.964
=-0.0145

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=9476.449/3017.163
=3.1408

X5=Revenue/Total Assets
=3454.318/6132.964
=0.5632

The zones of discrimination were as such:

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

Bharat Parenterals has a Altman Z-Score of 2.70 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 2.70 mean?
Bharat Parenterals (BOM:541096) has a Altman Z-Score of 2.70 as of Aug. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Bharat Parenterals and its competitors. This is 16% below median its historical median of 3.20. Over the past decade, Bharat Parenterals' Altman Z-Score has ranged from 2.05 to 5.19. According to the industry distribution chart, Bharat Parenterals ranks #536 out of 952 companies in the Drug Manufacturers industry, placing it in the top 56.3%.
Is Bharat Parenterals' Altman Z-Score too high?
Bharat Parenterals' current Altman Z-Score of 2.70 is 16% below median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 5.19. The Drug Manufacturers industry median Altman Z-Score is 3.16. Bharat Parenterals' value of 2.70 is 14.4% below this industry median. Based on the distribution chart, Bharat Parenterals ranks #536 out of 952 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Bharat Parenterals has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Parenterals' Altman Z-Score compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Bharat Parenterals ranks #536 out of 952 companies for Altman Z-Score. This places Bharat Parenterals in the lower half of its industry. The industry median Altman Z-Score is 3.16. Bharat Parenterals' value of 2.70 is 14.4% below this benchmark. Historically, Bharat Parenterals' own Altman Z-Score has ranged from 2.05 to 5.19 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 3.16, Bharat Parenterals 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 Drug Manufacturers company?
The median Altman Z-Score among Drug Manufacturers companies is 3.16, based on 952 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. Bharat Parenterals's current Altman Z-Score of 2.70 is 14.4% 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 Bharat Parenterals and its competitors. For the Drug Manufacturers industry, the median Altman Z-Score is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Parenterals's current Altman Z-Score is 2.70, which is 16% below median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Parenterals stock overvalued right now?
Based on GuruFocus' analysis, Bharat Parenterals (BOM:541096) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,158.85, compared to a current price of ₹1,375.00 — trading 18.7% above its estimated fair value. The current Altman Z-Score is 2.70, which is 16% below median its 10-year median of 3.20 and 14.4% below the Drug Manufacturers industry median of 3.16. Bharat Parenterals' overall GF Score™ is 74/100 with 8 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 Bharat Parenterals (BOM:541096), the current Altman Z-Score is 2.70 as of Aug. 08, 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 Bharat Parenterals (BOM:541096) Overvalued in 2026?

Based on GuruFocus' analysis, Bharat Parenterals stock appears to be overvalued. The current stock price of ₹1,375.00 is trading 18.7% above its estimated GF Value™ of ₹1,158.85. GuruFocus considers Bharat Parenterals to be Modestly Overvalued.

Key valuation signals for BOM:541096:

  • Altman Z-Score: 2.70 (16% below median its 10-year median of 3.20)
  • GF Value™: ₹1,158.85 vs. price of ₹1,375.00 (18.7% above fair value)
  • GF Score™: 74/100 with 8 warning signs
  • Industry Position: 14.4% below the Drug Manufacturers median (#536 of 952)

No single metric tells the full story. See the BOM:541096 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bharat Parenterals Business Description

Address Survey No.144-A, Jarod Samlaya Road, Village Haripura, Tehsil Savli, Vadodara, GJ, IND, 391520
Bharat Parenterals Ltd is a pharmaceutical company. It provides various products such as Capsules, Dry Syrups, Sachets, Oral Liquids, Injections, Semisolids, and others. Geographically, the group has a business presence in India and Outside India.
74GF Score

Get the complete analysis for BOM:541096

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

₹1,375.00
Price
₹1,158.85
GF Value