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PNGS Gargi Fashion JewelleryBOM:543709 +0.80%91 Altman Z-Score is 19.98 as of Jul. 16, 2026, which is 31% below its 10-year median of 29.00. GuruFocus rates BOM:543709 with a GF Score™ of 91/100 and a GF Value™ of ₹1,236.12 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,114 Retail - Cyclical companies, PNGS Gargi Fashion Jewellery ranks better than 97.49% 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 23.17 is strong.
PNGS Gargi Fashion Jewellery has a Altman Z-Score of 19.98, 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 PNGS Gargi Fashion Jewellery's Altman Z-Score or its related term are showing as below:
BOM:543709'
s Altman Z-Score Range Over the Past 10 Years
Min: 18.68 Med: 29 Max: 36.53
Current: 23.17
During the past 7 years, PNGS Gargi Fashion Jewellery's highest Altman Z-Score was 36.53. The lowest was 18.68. And the median was 29.00.
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.
* 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, PNGS Gargi Fashion Jewellery'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.
PNGS Gargi Fashion Jewellery Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PNGS Gargi Fashion Jewellery's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PNGS Gargi Fashion Jewellery'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.
PNGS Gargi Fashion Jewellery (BOM:543709) has a Altman Z-Score of 19.98 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PNGS Gargi Fashion Jewellery and its competitors. This is 31% below median its historical median of 29.00. Over the past decade, PNGS Gargi Fashion Jewellery's Altman Z-Score has ranged from 18.68 to 36.53. According to the industry distribution chart, PNGS Gargi Fashion Jewellery ranks #28 out of 1114 companies in the Retail - Cyclical industry, placing it in the top 2.5%.
Is PNGS Gargi Fashion Jewellery's Altman Z-Score too high?
PNGS Gargi Fashion Jewellery's current Altman Z-Score of 19.98 is 31% below median its 10-year median of 29.00. Over the past 10 years, this metric has ranged from a low of 18.68 to a high of 36.53. The Retail - Cyclical industry median Altman Z-Score is 2.75. PNGS Gargi Fashion Jewellery's value of 19.98 is 626.5% above this industry median. Based on the distribution chart, PNGS Gargi Fashion Jewellery ranks #28 out of 1114 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, PNGS Gargi Fashion Jewellery has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PNGS Gargi Fashion Jewellery's Altman Z-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, PNGS Gargi Fashion Jewellery ranks #28 out of 1114 companies for Altman Z-Score. This places PNGS Gargi Fashion Jewellery in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.75. PNGS Gargi Fashion Jewellery's value of 19.98 is 626.5% above this benchmark. Historically, PNGS Gargi Fashion Jewellery's own Altman Z-Score has ranged from 18.68 to 36.53 over the past decade. While the company's 10-year median is 29.00 vs. the industry median of 2.75, PNGS Gargi Fashion Jewellery 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. PNGS Gargi Fashion Jewellery's current Altman Z-Score of 19.98 is 626.5% 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 PNGS Gargi Fashion Jewellery 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. PNGS Gargi Fashion Jewellery's current Altman Z-Score is 19.98, which is 31% below median its own 10-year median of 29.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PNGS Gargi Fashion Jewellery stock overvalued right now?
Based on GuruFocus' analysis, PNGS Gargi Fashion Jewellery (BOM:543709) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,236.12, compared to a current price of ₹676.00 — trading 45.3% below its estimated fair value. The current Altman Z-Score is 19.98, which is 31% below median its 10-year median of 29.00 and 626.5% above the Retail - Cyclical industry median of 2.75. PNGS Gargi Fashion Jewellery's overall GF Score™ is 91/100 with 3 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 PNGS Gargi Fashion Jewellery (BOM:543709), the current Altman Z-Score is 19.98 as of Jul. 16, 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 PNGS Gargi Fashion Jewellery (BOM:543709) Overvalued in 2026?
Based on GuruFocus' analysis, PNGS Gargi Fashion Jewellery stock appears to be undervalued.
The current stock price of ₹676.00 is trading 45.3% below its estimated GF Value™ of ₹1,236.12.
GuruFocus considers PNGS Gargi Fashion Jewellery to be Significantly Undervalued.
Key valuation signals for BOM:543709:
Altman Z-Score: 19.98 (31% below median its 10-year median of 29.00)
GF Value™: ₹1,236.12 vs. price of ₹676.00 (45.3% below fair value)
Industry Position: 626.5% above the Retail - Cyclical median (#28 of 1114)
No single metric tells the full story. See the BOM:543709 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PNGS Gargi Fashion Jewellery Ltd is engaged in the retail business of costume and fashion jewellery under the brand name Gargi. It mainly deals with sterling silver jewellery and brass jewellery, idols and other silverware and related gift items. The company offers various products, such as weddings and festivals, to daily-wear jewellery for all ages, genders and across various price points. Its product line includes earrings, necklaces, pendants, chains, finger rings, bracelets, anklets, nose pins, mangal sutra, pendant sets, bangles in brass or silver for females of all age groups, as well as male accessories such as rings, cufflinks, button sets and others. Its portfolio offers customers a wide variety of traditional, Indo-Western, and modern designs and jewellery.
91GF Score
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