Mahalaxmi Fabric Mills (BOM:544233) Altman Z-Score: 0.79 (As of Aug. 03, 2026) — 28% Below Median

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BOM:544233 Mahalaxmi Fabric Mills Ltd BOM:544233
7 GF Score
Price ₹19.05
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What is Mahalaxmi Fabric Mills Altman Z-Score?

Mahalaxmi Fabric Mills BOM:544233 +3.25% 7 Altman Z-Score is 0.79 as of Aug. 03, 2026, which is 28% below its 10-year median of 1.09. GuruFocus rates BOM:544233 with a GF Score™ of 7/100. The stock has 4 warning signs investors should review. Among 1,032 Manufacturing - Apparel & Accessories companies, Mahalaxmi Fabric Mills ranks worse than 87.79% 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 0.79 is in distress zone. This implies bankruptcy possibility in the next two years.

Mahalaxmi Fabric Mills has a Altman Z-Score of 0.79, 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 Mahalaxmi Fabric Mills's Altman Z-Score or its related term are showing as below:

BOM:544233' s Altman Z-Score Range Over the Past 10 Years
Min: 0.79   Med: 1.09   Max: 1.38
Current: 0.79

During the past 5 years, Mahalaxmi Fabric Mills's highest Altman Z-Score was 1.38. The lowest was 0.79. And the median was 1.09.


Mahalaxmi Fabric Mills  (BOM:544233) 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.


Mahalaxmi Fabric Mills Altman Z-Score Related Terms


Mahalaxmi Fabric Mills Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Mahalaxmi Fabric Mills'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.

Mahalaxmi Fabric Mills Altman Z-Score Chart

Mahalaxmi Fabric Mills Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
0.00 0.00 0.00 1.38 0.80

Mahalaxmi Fabric Mills Quarterly Data
Mar22 Mar23 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 1.38 1.34 1.06 0.98 0.80

Mahalaxmi Fabric Mills Altman Z-Score Competitor Comparison

For the Textile Manufacturing subindustry, Mahalaxmi Fabric Mills'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.


Mahalaxmi Fabric Mills Altman Z-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mahalaxmi Fabric Mills's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Mahalaxmi Fabric Mills's Altman Z-Score falls into.


BOM:544233
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Mahalaxmi Fabric Mills Ltd BOM:544233
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Mahalaxmi Fabric Mills 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.

Mahalaxmi Fabric Mills'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*-0.0463+1.4*0+3.3*0.0155+0.6*0.1982+1.0*0.6763
=0.79

* 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 ₹1,998 Mil.
Total Current Assets was ₹595 Mil.
Total Current Liabilities was ₹688 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 14.147 + -9.93 + -24.298 + 19.475 = ₹-1 Mil.
Interest Expense was -7.337 + -7.572 + -7.963 + -8.692 = ₹-32 Mil.
Revenue was 384.304 + 315.296 + 316.241 + 335.178 = ₹1,351 Mil.
Market Cap (Today) was ₹202 Mil.
Total Liabilities was ₹1,021 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
=(595.261 - 687.729)/1997.555
=-0.0463

X2=Retained Earnings/Total Assets
=0/1997.555
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.60599999999999 - -31.564)/1997.555
=0.0155

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=202.316/1020.64
=0.1982

X5=Revenue/Total Assets
=1351.019/1997.555
=0.6763

The zones of discrimination were as such:

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

Mahalaxmi Fabric Mills has a Altman Z-Score of 0.79 indicating it is in Distress 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 0.79 mean?
Mahalaxmi Fabric Mills (BOM:544233) has a Altman Z-Score of 0.79 as of Aug. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Mahalaxmi Fabric Mills and its competitors. This is 28% below median its historical median of 1.09. Over the past decade, Mahalaxmi Fabric Mills' Altman Z-Score has ranged from 0.79 to 1.38. According to the industry distribution chart, Mahalaxmi Fabric Mills ranks #906 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 87.8%.
Is Mahalaxmi Fabric Mills' Altman Z-Score too high?
Mahalaxmi Fabric Mills' current Altman Z-Score of 0.79 is 28% below median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 1.38. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.47. Mahalaxmi Fabric Mills' value of 0.79 is 68% below this industry median. Based on the distribution chart, Mahalaxmi Fabric Mills ranks #906 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Mahalaxmi Fabric Mills has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Mahalaxmi Fabric Mills' Altman Z-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mahalaxmi Fabric Mills ranks #906 out of 1032 companies for Altman Z-Score. This places Mahalaxmi Fabric Mills in the lower half of its industry. The industry median Altman Z-Score is 2.47. Mahalaxmi Fabric Mills' value of 0.79 is 68% below this benchmark. Historically, Mahalaxmi Fabric Mills' own Altman Z-Score has ranged from 0.79 to 1.38 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 2.47, Mahalaxmi Fabric Mills 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 Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.47, based on 1,032 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. Mahalaxmi Fabric Mills's current Altman Z-Score of 0.79 is 68% 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 Mahalaxmi Fabric Mills and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahalaxmi Fabric Mills's current Altman Z-Score is 0.79, which is 28% below median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahalaxmi Fabric Mills stock overvalued right now?
Mahalaxmi Fabric Mills (BOM:544233) has a current Altman Z-Score of 0.79. The current Altman Z-Score is 0.79, which is 28% below median its 10-year median of 1.09 and 68% below the Manufacturing - Apparel & Accessories industry median of 2.47. Mahalaxmi Fabric Mills' overall GF Score™ is 7/100 with 4 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 Mahalaxmi Fabric Mills (BOM:544233), the current Altman Z-Score is 0.79 as of Aug. 03, 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.

Mahalaxmi Fabric Mills Business Description

Other Exchanges MFML:India
Address Polytechnic Road, YSL Avenue, Opposite Ketav Petrol Pump, Mahalaxmi House, Ambawadi, Ahmedabad, GJ, IND, 380 015
Mahalaxmi Fabric Mills Ltd is engaged in the textile market. The company operated in only one segment, i.e, manufacturing and trading of traditional textiles. The company's revenue is derived mainly from the sale of goods.
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