Innovators Facade Systems (BOM:541353) Altman Z-Score: 1.80 (As of Aug. 06, 2026) — 15% Below Median

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BOM:541353 Innovators Facade Systems Ltd BOM:541353
75 GF Score
Price ₹116.50
GF Value ₹218.96
Valuation Possible Value Trap
! 4 Warning Signs
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What is Innovators Facade Systems Altman Z-Score?

Innovators Facade Systems BOM:541353 +2.19% 75 Altman Z-Score is 1.80 as of Aug. 06, 2026, which is 15% below its 10-year median of 2.11. GuruFocus rates BOM:541353 with a GF Score™ of 75/100 and a GF Value™ of ₹218.96 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,759 Construction companies, Innovators Facade Systems ranks worse than 62.54% 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 1.76 is in distress zone. This implies bankruptcy possibility in the next two years.

Innovators Facade Systems has a Altman Z-Score of 1.80, 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 Innovators Facade Systems's Altman Z-Score or its related term are showing as below:

BOM:541353' s Altman Z-Score Range Over the Past 10 Years
Min: 0.57   Med: 2.11   Max: 3.68
Current: 1.76

During the past 13 years, Innovators Facade Systems's highest Altman Z-Score was 3.68. The lowest was 0.57. And the median was 2.11.


Innovators Facade Systems  (BOM:541353) 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.


Innovators Facade Systems Altman Z-Score Related Terms


Innovators Facade Systems Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Innovators Facade Systems'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.

Innovators Facade Systems Altman Z-Score Chart

Innovators Facade Systems 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 2.23 2.09 3.07 3.68 1.73

Innovators Facade Systems Semi-Annual Data
Mar15 Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 3.07 0.00 3.68 0.00 1.73

BOM:541353 vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, Innovators Facade Systems'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.


Innovators Facade Systems Altman Z-Score vs Construction Industry

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

* The bar in red indicates where Innovators Facade Systems's Altman Z-Score falls into.


BOM:541353
75GF Score
Innovators Facade Systems Ltd BOM:541353
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovators Facade Systems 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.

Innovators Facade Systems'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*0.1664+1.4*0+3.3*0.0737+0.6*1.1977+1.0*0.6343
=1.80

* 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 ₹3,587 Mil.
Total Current Assets was ₹2,324 Mil.
Total Current Liabilities was ₹1,728 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was ₹189 Mil.
Interest Expense was ₹-75 Mil.
Revenue was ₹2,275 Mil.
Market Cap (Today) was ₹2,198 Mil.
Total Liabilities was ₹1,835 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
=(2324.479 - 1727.542)/3586.845
=0.1664

X2=Retained Earnings/Total Assets
=0/3586.845
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(189.267 - -74.993)/3586.845
=0.0737

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2198.100/1835.206
=1.1977

X5=Revenue/Total Assets
=2275.151/3586.845
=0.6343

The zones of discrimination were as such:

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

Innovators Facade Systems has a Altman Z-Score of 1.80 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 1.80 mean?
Innovators Facade Systems (BOM:541353) has a Altman Z-Score of 1.80 as of Aug. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Innovators Facade Systems and its competitors. This is 15% below median its historical median of 2.11. Over the past decade, Innovators Facade Systems' Altman Z-Score has ranged from 0.57 to 3.68. According to the industry distribution chart, Innovators Facade Systems ranks #1100 out of 1759 companies in the Construction industry, placing it in the top 62.5%.
Is Innovators Facade Systems' Altman Z-Score too high?
Innovators Facade Systems' current Altman Z-Score of 1.80 is 15% below median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 3.68. The Construction industry median Altman Z-Score is 2.30. Innovators Facade Systems' value of 1.80 is 21.7% below this industry median. Based on the distribution chart, Innovators Facade Systems ranks #1100 out of 1759 companies in the Construction industry, which is below the industry midpoint. Overall, Innovators Facade Systems has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Innovators Facade Systems' Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Innovators Facade Systems ranks #1100 out of 1759 companies for Altman Z-Score. This places Innovators Facade Systems in the lower half of its industry. The industry median Altman Z-Score is 2.30. Innovators Facade Systems' value of 1.80 is 21.7% below this benchmark. Historically, Innovators Facade Systems' own Altman Z-Score has ranged from 0.57 to 3.68 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 2.30, Innovators Facade Systems 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 2.30, based on 1,759 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. Innovators Facade Systems's current Altman Z-Score of 1.80 is 21.7% 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 Innovators Facade Systems and its competitors. For the Construction industry, the median Altman Z-Score is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovators Facade Systems's current Altman Z-Score is 1.80, which is 15% below median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovators Facade Systems stock overvalued right now?
Based on GuruFocus' analysis, Innovators Facade Systems (BOM:541353) is currently considered Possible Value Trap. The stock's GF Value™ is ₹218.96, compared to a current price of ₹116.50 — trading 46.8% below its estimated fair value. The current Altman Z-Score is 1.80, which is 15% below median its 10-year median of 2.11 and 21.7% below the Construction industry median of 2.30. Innovators Facade Systems' overall GF Score™ is 75/100 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 Innovators Facade Systems (BOM:541353), the current Altman Z-Score is 1.80 as of Aug. 06, 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 Innovators Facade Systems (BOM:541353) Overvalued in 2026?

Based on GuruFocus' analysis, Innovators Facade Systems stock appears to be undervalued. The current stock price of ₹116.50 is trading 46.8% below its estimated GF Value™ of ₹218.96. GuruFocus considers Innovators Facade Systems to be Possible Value Trap.

Key valuation signals for BOM:541353:

  • Altman Z-Score: 1.80 (15% below median its 10-year median of 2.11)
  • GF Value™: ₹218.96 vs. price of ₹116.50 (46.8% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 21.7% below the Construction median (#1100 of 1759)

No single metric tells the full story. See the BOM:541353 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Innovators Facade Systems Business Description

Address Sector Number 1, Station Road, 204, B-65, Jaydeep Shanti Nagar, Mira Bhayandar, Mira Road (East), Thane, MH, IND, 401107
Innovators Facade Systems Ltd is engaged in the designing, engineering, fabrication, and installation of facade systems. The company offers total solutions to customers with respect to their requirements for facade installation in complex projects. It operates in residential, commercial, and infrastructure projects.
75GF Score

Get the complete analysis for BOM:541353

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

₹116.50
Price
₹218.96
GF Value