Dolfin Rubbers (BOM:542013) Altman Z-Score: 5.06 (As of Jul. 25, 2026) — Near Median

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BOM:542013 Dolfin Rubbers Ltd BOM:542013
82 GF Score
Price ₹170.50
GF Value ₹229.50
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Dolfin Rubbers Altman Z-Score?

Dolfin Rubbers BOM:542013 -0.26% 82 Altman Z-Score is 5.06 as of Jul. 25, 2026, which is 3% above its 10-year median of 4.91. GuruFocus rates BOM:542013 with a GF Score™ of 82/100 and a GF Value™ of ₹229.50 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,313 Vehicles & Parts companies, Dolfin Rubbers ranks better than 82.71% 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 5.05 is strong.

Dolfin Rubbers has a Altman Z-Score of 5.06, 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 Dolfin Rubbers's Altman Z-Score or its related term are showing as below:

BOM:542013' s Altman Z-Score Range Over the Past 10 Years
Min: 3.34   Med: 4.91   Max: 6.22
Current: 5.05

During the past 13 years, Dolfin Rubbers's highest Altman Z-Score was 6.22. The lowest was 3.34. And the median was 4.91.


Dolfin Rubbers  (BOM:542013) 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.


Dolfin Rubbers Altman Z-Score Related Terms


Dolfin Rubbers Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Dolfin Rubbers'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.

Dolfin Rubbers Altman Z-Score Chart

Dolfin Rubbers 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 4.83 4.91 5.62 6.09 5.06

Dolfin Rubbers Quarterly Data
Sep20 Mar21 Sep21 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 6.09 6.04 5.54 5.41 5.06

BOM:542013 vs ORLY, AZO: Altman Z-Score Comparison

For the Auto Parts subindustry, Dolfin Rubbers'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.


Dolfin Rubbers Altman Z-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Dolfin Rubbers's Altman Z-Score distribution charts can be found below:

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


BOM:542013
82GF Score
Dolfin Rubbers Ltd BOM:542013
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dolfin Rubbers 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.

Dolfin Rubbers'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*0.2709+1.4*0+3.3*0.0984+0.6*3.9231+1.0*2.0575
=5.06

* 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 ₹825 Mil.
Total Current Assets was ₹511 Mil.
Total Current Liabilities was ₹287 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 20.997 + 17.268 + 12.11 + 19.933 = ₹70 Mil.
Interest Expense was -2.21 + -2.972 + -2.636 + -3.071 = ₹-11 Mil.
Revenue was 486.031 + 410.193 + 398.978 + 402.342 = ₹1,698 Mil.
Market Cap (Today) was ₹1,710 Mil.
Total Liabilities was ₹436 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
=(510.722 - 287.215)/825.067
=0.2709

X2=Retained Earnings/Total Assets
=0/825.067
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(70.308 - -10.889)/825.067
=0.0984

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1710.097/435.909
=3.9231

X5=Revenue/Total Assets
=1697.544/825.067
=2.0575

The zones of discrimination were as such:

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

Dolfin Rubbers has a Altman Z-Score of 5.06 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 5.06 mean?
Dolfin Rubbers (BOM:542013) has a Altman Z-Score of 5.06 as of Jul. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dolfin Rubbers and its competitors. This is near median its historical median of 4.91. Over the past decade, Dolfin Rubbers' Altman Z-Score has ranged from 3.34 to 6.22. According to the industry distribution chart, Dolfin Rubbers ranks #227 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 17.3%.
Is Dolfin Rubbers' Altman Z-Score too high?
Dolfin Rubbers' current Altman Z-Score of 5.06 is near median its 10-year median of 4.91. Over the past 10 years, this metric has ranged from a low of 3.34 to a high of 6.22. The Vehicles & Parts industry median Altman Z-Score is 2.53. Dolfin Rubbers' value of 5.06 is 100% above this industry median. Based on the distribution chart, Dolfin Rubbers ranks #227 out of 1313 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Dolfin Rubbers has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dolfin Rubbers' Altman Z-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Dolfin Rubbers ranks #227 out of 1313 companies for Altman Z-Score. This places Dolfin Rubbers in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.53. Dolfin Rubbers' value of 5.06 is 100% above this benchmark. Historically, Dolfin Rubbers' own Altman Z-Score has ranged from 3.34 to 6.22 over the past decade. While the company's 10-year median is 4.91 vs. the industry median of 2.53, Dolfin Rubbers 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.53, based on 1,313 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. Dolfin Rubbers's current Altman Z-Score of 5.06 is 100% 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 Dolfin Rubbers and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dolfin Rubbers's current Altman Z-Score is 5.06, which is near median its own 10-year median of 4.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dolfin Rubbers stock overvalued right now?
Based on GuruFocus' analysis, Dolfin Rubbers (BOM:542013) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹229.50, compared to a current price of ₹170.50 — trading 25.7% below its estimated fair value. The current Altman Z-Score is 5.06, which is near median its 10-year median of 4.91 and 100% above the Vehicles & Parts industry median of 2.53. Dolfin Rubbers' overall GF Score™ is 82/100 with 2 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 Dolfin Rubbers (BOM:542013), the current Altman Z-Score is 5.06 as of Jul. 25, 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 Dolfin Rubbers (BOM:542013) Overvalued in 2026?

Based on GuruFocus' analysis, Dolfin Rubbers stock appears to be undervalued. The current stock price of ₹170.50 is trading 25.7% below its estimated GF Value™ of ₹229.50. GuruFocus considers Dolfin Rubbers to be Modestly Undervalued.

Key valuation signals for BOM:542013:

  • Altman Z-Score: 5.06 (near median its 10-year median of 4.91)
  • GF Value™: ₹229.50 vs. price of ₹170.50 (25.7% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 100% above the Vehicles & Parts median (#227 of 1313)

No single metric tells the full story. See the BOM:542013 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dolfin Rubbers Business Description

Address 26-A, Bhai Randhir Singh Nagar, Opposite Ramesh Eye Hospital, Ludhiana, PB, IND, 141012
Dolfin Rubbers Ltd is mainly engaged in manufacturing rubber tyres and tubes, so the management considers this to be the only business segment of the company. The company's main business is in India. Based on its vehicle types, the tire market can be segmented into passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two-wheelers and three-wheelers, and off-road, among others.
82GF Score

Get the complete analysis for BOM:542013

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

₹170.50
Price
₹229.50
GF Value