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Adani Green EnergyBOM:541450 -0.74%78 Altman Z-Score is 1.44 as of Aug. 12, 2026, which is 18% below its 10-year median of 1.75. GuruFocus rates BOM:541450 with a GF Score™ of 78/100 and a GF Value™ of ₹1,410.41 (Fairly Valued). The stock has 8 warning signs investors should review. Among 419 Utilities - Independent Power Producers companies, Adani Green Energy ranks better than 56.32% 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 1.44 is in distress zone. This implies bankruptcy possibility in the next two years.
Adani Green Energy has a Altman Z-Score of 1.44, 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 Adani Green Energy's Altman Z-Score or its related term are showing as below:
BOM:541450'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.09 Med: 1.75 Max: 4.74
Current: 1.44
During the past 11 years, Adani Green Energy's highest Altman Z-Score was 4.74. The lowest was -0.09. And the median was 1.75.
Adani Green Energy (BOM:541450) 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.
Altman Z-Score does not apply to financial companies.
Adani Green Energy Altman Z-Score Related Terms
Adani Green Energy Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Adani Green Energy'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.
Adani Green Energy Altman Z-Score Competitor Comparison
For the Utilities - Renewable subindustry, Adani Green Energy'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.
Adani Green Energy Altman Z-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Adani Green Energy's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Adani Green Energy's Altman Z-Score falls into.
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.
Adani Green Energy'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
*
-0.0609
+
1.4
*
0.031
+
3.3
*
0.061
+
0.6
*
1.961
+
1.0
*
0.0896
=
1.44
* 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.
Adani Green Energy (BOM:541450) has a Altman Z-Score of 1.44 as of Aug. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Adani Green Energy and its competitors. This is 18% below median its historical median of 1.75. According to the industry distribution chart, Adani Green Energy ranks #183 out of 419 companies in the Utilities - Independent Power Producers industry, placing it in the top 43.7%.
Is Adani Green Energy's Altman Z-Score too high?
Adani Green Energy's current Altman Z-Score of 1.44 is 18% below median its 10-year median of 1.75. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.22. Adani Green Energy's value of 1.44 is 18% above this industry median. Based on the distribution chart, Adani Green Energy ranks #183 out of 419 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Adani Green Energy has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adani Green Energy's Altman Z-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Adani Green Energy ranks #183 out of 419 companies for Altman Z-Score. This puts Adani Green Energy in the upper half of its industry. The industry median Altman Z-Score is 1.22. Adani Green Energy's value of 1.44 is 18% above this benchmark. While the company's 10-year median is 1.75 vs. the industry median of 1.22, Adani Green Energy 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 an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.22, based on 419 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. Adani Green Energy's current Altman Z-Score of 1.44 is 18% 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 Adani Green Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Green Energy's current Altman Z-Score is 1.44, which is 18% below median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Green Energy stock overvalued right now?
Based on GuruFocus' analysis, Adani Green Energy (BOM:541450) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,410.41, compared to a current price of ₹1,359.80 — trading 3.6% below its estimated fair value. The current Altman Z-Score is 1.44, which is 18% below median its 10-year median of 1.75 and 18% above the Utilities - Independent Power Producers industry median of 1.22. Adani Green Energy's overall GF Score™ is 78/100 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 Adani Green Energy (BOM:541450), the current Altman Z-Score is 1.44 as of Aug. 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 Adani Green Energy (BOM:541450) Overvalued in 2026?
Based on GuruFocus' analysis, Adani Green Energy stock appears to be undervalued.
The current stock price of ₹1,359.80 is trading 3.6% below its estimated GF Value™ of ₹1,410.41.
GuruFocus considers Adani Green Energy to be Fairly Valued.
Key valuation signals for BOM:541450:
Altman Z-Score: 1.44 (18% below median its 10-year median of 1.75)
GF Value™: ₹1,410.41 vs. price of ₹1,359.80 (3.6% below fair value)
Industry Position: 18% above the Utilities - Independent Power Producers median (#183 of 419)
No single metric tells the full story. See the BOM:541450 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adani Green Energy Ltd sells renewable power generated from wind power project under long term Power Purchase Agreement (PPA) and also engaged in sale of solar & wind power equipments, project management consultancy Services and other related ancillary activities. The company has only one reportable segment.
78GF Score
Get the complete analysis for BOM:541450
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