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Ashapuri Gold OrnamentBOM:542579 -0.50%78 Altman Z-Score is 15.82 as of Jul. 15, 2026, which is 24% below its 10-year median of 20.75. GuruFocus rates BOM:542579 with a GF Score™ of 78/100 and a GF Value™ of ₹12.42 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,114 Retail - Cyclical companies, Ashapuri Gold Ornament ranks better than 95.78% 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 15.92 is strong.
Ashapuri Gold Ornament has a Altman Z-Score of 15.82, 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 Ashapuri Gold Ornament's Altman Z-Score or its related term are showing as below:
BOM:542579'
s Altman Z-Score Range Over the Past 10 Years
Min: 13.31 Med: 20.75 Max: 39.5
Current: 15.92
During the past 11 years, Ashapuri Gold Ornament's highest Altman Z-Score was 39.50. The lowest was 13.31. And the median was 20.75.
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.
Ashapuri Gold Ornament Altman Z-Score Related Terms
Ashapuri Gold Ornament Altman Z-Score Historical Data
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The historical data trend for Ashapuri Gold Ornament'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.
For the Luxury Goods subindustry, Ashapuri Gold Ornament'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.
Ashapuri Gold Ornament Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ashapuri Gold Ornament's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Ashapuri Gold Ornament'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.
* 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.
Ashapuri Gold Ornament (BOM:542579) has a Altman Z-Score of 15.82 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ashapuri Gold Ornament and its competitors. This is 24% below median its historical median of 20.75. Over the past decade, Ashapuri Gold Ornament's Altman Z-Score has ranged from 13.31 to 39.50. According to the industry distribution chart, Ashapuri Gold Ornament ranks #47 out of 1114 companies in the Retail - Cyclical industry, placing it in the top 4.2%.
Is Ashapuri Gold Ornament's Altman Z-Score too high?
Ashapuri Gold Ornament's current Altman Z-Score of 15.82 is 24% below median its 10-year median of 20.75. Over the past 10 years, this metric has ranged from a low of 13.31 to a high of 39.50. The Retail - Cyclical industry median Altman Z-Score is 2.75. Ashapuri Gold Ornament's value of 15.82 is 475.3% above this industry median. Based on the distribution chart, Ashapuri Gold Ornament ranks #47 out of 1114 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Ashapuri Gold Ornament has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ashapuri Gold Ornament's Altman Z-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Ashapuri Gold Ornament ranks #47 out of 1114 companies for Altman Z-Score. This places Ashapuri Gold Ornament in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.75. Ashapuri Gold Ornament's value of 15.82 is 475.3% above this benchmark. Historically, Ashapuri Gold Ornament's own Altman Z-Score has ranged from 13.31 to 39.50 over the past decade. While the company's 10-year median is 20.75 vs. the industry median of 2.75, Ashapuri Gold Ornament 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 2.75, 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. Ashapuri Gold Ornament's current Altman Z-Score of 15.82 is 475.3% 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 Ashapuri Gold Ornament and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashapuri Gold Ornament's current Altman Z-Score is 15.82, which is 24% below median its own 10-year median of 20.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashapuri Gold Ornament stock overvalued right now?
Based on GuruFocus' analysis, Ashapuri Gold Ornament (BOM:542579) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹12.42, compared to a current price of ₹3.97 — trading 68% below its estimated fair value. The current Altman Z-Score is 15.82, which is 24% below median its 10-year median of 20.75 and 475.3% above the Retail - Cyclical industry median of 2.75. Ashapuri Gold Ornament's overall GF Score™ is 78/100 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 Ashapuri Gold Ornament (BOM:542579), the current Altman Z-Score is 15.82 as of Jul. 15, 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 Ashapuri Gold Ornament (BOM:542579) Overvalued in 2026?
Based on GuruFocus' analysis, Ashapuri Gold Ornament stock appears to be undervalued.
The current stock price of ₹3.97 is trading 68% below its estimated GF Value™ of ₹12.42.
GuruFocus considers Ashapuri Gold Ornament to be Significantly Undervalued.
Key valuation signals for BOM:542579:
Altman Z-Score: 15.82 (24% below median its 10-year median of 20.75)
GF Value™: ₹12.42 vs. price of ₹3.97 (68% below fair value)
Industry Position: 475.3% above the Retail - Cyclical median (#47 of 1114)
No single metric tells the full story. See the BOM:542579 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashapuri Gold Ornament Ltd is a manufacturer and wholesaler of gold jewellery. It offers a wide range of jewellery products in 22-carat gold ornaments such as Choker Set, Toda Set, Long Set, Pota Jewellery, Saloya and Bracelet. In addition, it also offers Temple Collection, Moti Set, Bikaneri Meena and Rani Haar.
78GF Score
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