Abril Paper Tech (BOM:544500) Altman Z-Score: 13.10 (As of Aug. 07, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BOM:544500 Abril Paper Tech Ltd BOM:544500
16 GF Score
Price ₹32.68
! 3 Warning Signs
View Full Analysis

What is Abril Paper Tech Altman Z-Score?

Abril Paper Tech BOM:544500 16 Altman Z-Score is 13.10 as of Aug. 07, 2026, which is 1% above its 10-year median of 12.98. GuruFocus rates BOM:544500 with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 280 Forest Products companies, Abril Paper Tech ranks better than 97.5% 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 13.58 is strong.

Abril Paper Tech has a Altman Z-Score of 13.10, 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 Abril Paper Tech's Altman Z-Score or its related term are showing as below:

BOM:544500' s Altman Z-Score Range Over the Past 10 Years
Min: 12.98   Med: 12.98   Max: 13.58
Current: 13.58

During the past 4 years, Abril Paper Tech's highest Altman Z-Score was 13.58. The lowest was 12.98. And the median was 12.98.


Abril Paper Tech  (BOM:544500) 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.


Abril Paper Tech Altman Z-Score Related Terms


Abril Paper Tech Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Abril Paper Tech'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.

Abril Paper Tech Altman Z-Score Chart

Abril Paper Tech Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Altman Z-Score
0.00 0.00 0.00 12.98

Abril Paper Tech Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Altman Z-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 12.98

Abril Paper Tech Altman Z-Score Competitor Comparison

For the Paper & Paper Products subindustry, Abril Paper Tech'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.


Abril Paper Tech Altman Z-Score vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Abril Paper Tech's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Abril Paper Tech's Altman Z-Score falls into.


BOM:544500
16GF Score
Abril Paper Tech Ltd BOM:544500
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Abril Paper Tech 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.

Abril Paper Tech'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*0.8929+1.4*0.131+3.3*0.0872+0.6*15.0145+1.0*2.55
=13.10

* 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 ₹255.2 Mil.
Total Current Assets was ₹245.3 Mil.
Total Current Liabilities was ₹17.4 Mil.
Retained Earnings was ₹33.4 Mil.
Pre-Tax Income was ₹20.4 Mil.
Interest Expense was ₹-1.9 Mil.
Revenue was ₹650.8 Mil.
Market Cap (Today) was ₹260.8 Mil.
Total Liabilities was ₹17.4 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
=(245.262 - 17.373)/255.229
=0.8929

X2=Retained Earnings/Total Assets
=33.428/255.229
=0.131

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(20.375 - -1.878)/255.229
=0.0872

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=260.847/17.373
=15.0145

X5=Revenue/Total Assets
=650.836/255.229
=2.55

The zones of discrimination were as such:

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

Abril Paper Tech has a Altman Z-Score of 13.10 indicating it is in Safe 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 13.10 mean?
Abril Paper Tech (BOM:544500) has a Altman Z-Score of 13.10 as of Aug. 07, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Abril Paper Tech and its competitors. This is near median its historical median of 12.98. Over the past decade, Abril Paper Tech's Altman Z-Score has ranged from 12.98 to 13.58. According to the industry distribution chart, Abril Paper Tech ranks #7 out of 280 companies in the Forest Products industry, placing it in the top 2.5%.
Is Abril Paper Tech's Altman Z-Score too high?
Abril Paper Tech's current Altman Z-Score of 13.10 is near median its 10-year median of 12.98. Over the past 10 years, this metric has ranged from a low of 12.98 to a high of 13.58. The Forest Products industry median Altman Z-Score is 1.86. Abril Paper Tech's value of 13.10 is 606.2% above this industry median. Based on the distribution chart, Abril Paper Tech ranks #7 out of 280 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Abril Paper Tech has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Abril Paper Tech's Altman Z-Score compare to competitors?
According to the Forest Products industry distribution chart, Abril Paper Tech ranks #7 out of 280 companies for Altman Z-Score. This places Abril Paper Tech in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.86. Abril Paper Tech's value of 13.10 is 606.2% above this benchmark. Historically, Abril Paper Tech's own Altman Z-Score has ranged from 12.98 to 13.58 over the past decade. While the company's 10-year median is 12.98 vs. the industry median of 1.86, Abril Paper Tech 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 Forest Products company?
The median Altman Z-Score among Forest Products companies is 1.86, based on 280 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. Abril Paper Tech's current Altman Z-Score of 13.10 is 606.2% 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 Abril Paper Tech and its competitors. For the Forest Products industry, the median Altman Z-Score is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Abril Paper Tech's current Altman Z-Score is 13.10, which is near median its own 10-year median of 12.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abril Paper Tech stock overvalued right now?
Abril Paper Tech (BOM:544500) has a current Altman Z-Score of 13.10. The current Altman Z-Score is 13.10, which is near median its 10-year median of 12.98 and 606.2% above the Forest Products industry median of 1.86. Abril Paper Tech's overall GF Score™ is 16/100 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 Abril Paper Tech (BOM:544500), the current Altman Z-Score is 13.10 as of Aug. 07, 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.

Abril Paper Tech Business Description

Address 238/3, Shiva Industrial Estate, Jolva, Taluka Palsana, District Surat, Surat, GJ, IND, 394305
Abril Paper Tech Ltd is a manufacturer, that specializes in producing sublimation heat transfer paper in various GSM (grams per square meter) specifications, including 30, 65, 75, and 90 GSM. Each GSM specification is designed to meet different needs within the sublimation printing process, offering a range of applications from light and delicate transfers to more robust and detailed printing tasks. It operates two coating lines, enabling the company to Process and supply large quantities of coated sublimation paper. It uses quality grade half-white shade virgin paper and specialized coating chemicals, prioritizing consistent coating quality and the preserving of the base paper.
16GF Score

Get the complete analysis for BOM:544500

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹32.68
Price