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Sirca Paints IndiaBOM:543686 -0.51%98 Altman Z-Score is 13.72 as of Jul. 18, 2026, which is 4% below its 10-year median of 14.26. GuruFocus rates BOM:543686 with a GF Score™ of 98/100 and a GF Value™ of ₹572.07 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,562 Chemicals companies, Sirca Paints India ranks better than 91.23% 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 13.72 is strong.
Sirca Paints India has a Altman Z-Score of 13.72, 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 Sirca Paints India's Altman Z-Score or its related term are showing as below:
BOM:543686'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.15 Med: 14.26 Max: 26.59
Current: 13.72
During the past 13 years, Sirca Paints India's highest Altman Z-Score was 26.59. The lowest was 3.15. And the median was 14.26.
Sirca Paints India (BOM:543686) 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.
Sirca Paints India Altman Z-Score Related Terms
Sirca Paints India Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Sirca Paints India'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.
BOM:543686 vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, Sirca Paints India'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.
Sirca Paints India Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sirca Paints India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Sirca Paints India'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.
Sirca Paints India'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
*
0.5315
+
1.4
*
0
+
3.3
*
0.1558
+
0.6
*
19.5599
+
1.0
*
0.8362
=
13.72
* 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.
Sirca Paints India (BOM:543686) has a Altman Z-Score of 13.72 as of Jul. 18, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sirca Paints India and its competitors. This is near median its historical median of 14.26. Over the past decade, Sirca Paints India's Altman Z-Score has ranged from 3.15 to 26.59. According to the industry distribution chart, Sirca Paints India ranks #137 out of 1562 companies in the Chemicals industry, placing it in the top 8.8%.
Is Sirca Paints India's Altman Z-Score too high?
Sirca Paints India's current Altman Z-Score of 13.72 is near median its 10-year median of 14.26. Over the past 10 years, this metric has ranged from a low of 3.15 to a high of 26.59. The Chemicals industry median Altman Z-Score is 3.13. Sirca Paints India's value of 13.72 is 338.3% above this industry median. Based on the distribution chart, Sirca Paints India ranks #137 out of 1562 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Sirca Paints India has a GF Score™ of 98/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sirca Paints India's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sirca Paints India ranks #137 out of 1562 companies for Altman Z-Score. This places Sirca Paints India in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.13. Sirca Paints India's value of 13.72 is 338.3% above this benchmark. Historically, Sirca Paints India's own Altman Z-Score has ranged from 3.15 to 26.59 over the past decade. While the company's 10-year median is 14.26 vs. the industry median of 3.13, Sirca Paints India 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.13, based on 1,562 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. Sirca Paints India's current Altman Z-Score of 13.72 is 338.3% 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 Sirca Paints India and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sirca Paints India's current Altman Z-Score is 13.72, which is near median its own 10-year median of 14.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sirca Paints India stock overvalued right now?
Based on GuruFocus' analysis, Sirca Paints India (BOM:543686) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹572.07, compared to a current price of ₹392.00 — trading 31.5% below its estimated fair value. The current Altman Z-Score is 13.72, which is near median its 10-year median of 14.26 and 338.3% above the Chemicals industry median of 3.13. Sirca Paints India's overall GF Score™ is 98/100 with 1 warning sign 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 Sirca Paints India (BOM:543686), the current Altman Z-Score is 13.72 as of Jul. 18, 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 Sirca Paints India (BOM:543686) Overvalued in 2026?
Based on GuruFocus' analysis, Sirca Paints India stock appears to be undervalued.
The current stock price of ₹392.00 is trading 31.5% below its estimated GF Value™ of ₹572.07.
GuruFocus considers Sirca Paints India to be Significantly Undervalued.
Key valuation signals for BOM:543686:
Altman Z-Score: 13.72 (near median its 10-year median of 14.26)
GF Value™: ₹572.07 vs. price of ₹392.00 (31.5% below fair value)
Industry Position: 338.3% above the Chemicals median (#137 of 1562)
No single metric tells the full story. See the BOM:543686 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sirca Paints India Ltd is mainly engaged in the business of importing and distributing wood, glass, and metal coatings in India. The company has also started its production of wall paints, melamine products, N.C products, and economical P.U. products in technical collaboration with Sirca S.P.A., Italy. Its product range includes all PU products, stains, special effects, acrylic PU, polyester, wall paints, UV products, etc., which are sold under brands like Wembley, Oikos, Unico, and Sirca. The company currently operates in only one reportable business segment, Wood Coating Products.
98GF Score
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