Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Innokaiz IndiaBOM:543905 55 Altman Z-Score is 0.85 as of Jul. 22, 2026, which is 54% below its 10-year median of 1.85. GuruFocus rates BOM:543905 with a GF Score™ of 55/100 and a GF Value™ of ₹5.49 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,061 Business Services companies, Innokaiz India ranks worse than 85.49% 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.
Warning Sign:
Altman Z-score of 0.85 is in distress zone. This implies bankruptcy possibility in the next two years.
Innokaiz India has a Altman Z-Score of 0.85, 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 Innokaiz India's Altman Z-Score or its related term are showing as below:
BOM:543905'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.85 Med: 1.85 Max: 2.84
Current: 0.85
During the past 6 years, Innokaiz India's highest Altman Z-Score was 2.84. The lowest was 0.85. And the median was 1.85.
Innokaiz India (BOM:543905) 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.
Innokaiz India Altman Z-Score Related Terms
Innokaiz India Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Innokaiz 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:543905 vs CTAS, CPRT, ULS: Altman Z-Score Comparison
For the Specialty Business Services subindustry, Innokaiz 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.
Innokaiz India Altman Z-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Innokaiz India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Innokaiz 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.
Innokaiz 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
*
0.3714
+
1.4
*
0.179
+
3.3
*
-0.0432
+
0.6
*
0.3024
+
1.0
*
0.1107
=
0.85
* 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.
Innokaiz India (BOM:543905) has a Altman Z-Score of 0.85 as of Jul. 22, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Innokaiz India and its competitors. This is 54% below median its historical median of 1.85. Over the past decade, Innokaiz India's Altman Z-Score has ranged from 0.85 to 2.84. According to the industry distribution chart, Innokaiz India ranks #907 out of 1061 companies in the Business Services industry, placing it in the top 85.5%.
Is Innokaiz India's Altman Z-Score too high?
Innokaiz India's current Altman Z-Score of 0.85 is 54% below median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 2.84. The Business Services industry median Altman Z-Score is 2.98. Innokaiz India's value of 0.85 is 71.5% below this industry median. Based on the distribution chart, Innokaiz India ranks #907 out of 1061 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Innokaiz India has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Innokaiz India's Altman Z-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Innokaiz India ranks #907 out of 1061 companies for Altman Z-Score. This places Innokaiz India in the lower half of its industry. The industry median Altman Z-Score is 2.98. Innokaiz India's value of 0.85 is 71.5% below this benchmark. Historically, Innokaiz India's own Altman Z-Score has ranged from 0.85 to 2.84 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 2.98, Innokaiz India has consistently been below 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.98, based on 1,061 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. Innokaiz India's current Altman Z-Score of 0.85 is 71.5% below 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 Innokaiz India and its competitors. For the Business Services industry, the median Altman Z-Score is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innokaiz India's current Altman Z-Score is 0.85, which is 54% below median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innokaiz India stock overvalued right now?
Based on GuruFocus' analysis, Innokaiz India (BOM:543905) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹5.49, compared to a current price of ₹12.35 — trading 125% above its estimated fair value. The current Altman Z-Score is 0.85, which is 54% below median its 10-year median of 1.85 and 71.5% below the Business Services industry median of 2.98. Innokaiz India's overall GF Score™ is 55/100 with 9 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 Innokaiz India (BOM:543905), the current Altman Z-Score is 0.85 as of Jul. 22, 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 Innokaiz India (BOM:543905) Overvalued in 2026?
Based on GuruFocus' analysis, Innokaiz India stock appears to be overvalued.
The current stock price of ₹12.35 is trading 125% above its estimated GF Value™ of ₹5.49.
GuruFocus considers Innokaiz India to be Significantly Overvalued.
Key valuation signals for BOM:543905:
Altman Z-Score: 0.85 (54% below median its 10-year median of 1.85)
GF Value™: ₹5.49 vs. price of ₹12.35 (125% above fair value)
Industry Position: 71.5% below the Business Services median (#907 of 1061)
No single metric tells the full story. See the BOM:543905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innokaiz India Ltd is a corporate services and solutions provider. The company offers a comprehensive range of services covering advertising and marketing solutions including digital marketing, corporate travel arrangements, gifting solutions, event management, etc. It is also involved in the trading of electronic goods. Geographically, the company operates only in India.
55GF Score
Get the complete analysis for BOM:543905
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:543905 has been successfully added to your 
