Infinity Infoway (BOM:544567) Altman Z-Score: 58.68 (As of Jul. 31, 2026) — 10% Above Median

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BOM:544567 Infinity Infoway Ltd BOM:544567
21 GF Score
Price ₹388.00
! 3 Warning Signs
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What is Infinity Infoway Altman Z-Score?

Infinity Infoway BOM:544567 21 Altman Z-Score is 58.68 as of Jul. 31, 2026, which is 10% above its 10-year median of 53.17. GuruFocus rates BOM:544567 with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 2,767 Software companies, Infinity Infoway ranks better than 98.88% 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 58.97 is strong.

Infinity Infoway has a Altman Z-Score of 58.68, 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 Infinity Infoway's Altman Z-Score or its related term are showing as below:

BOM:544567' s Altman Z-Score Range Over the Past 10 Years
Min: 53.17   Med: 53.17   Max: 58.97
Current: 58.97

During the past 4 years, Infinity Infoway's highest Altman Z-Score was 58.97. The lowest was 53.17. And the median was 53.17.


Infinity Infoway  (BOM:544567) 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.


Infinity Infoway Altman Z-Score Related Terms


Infinity Infoway Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Infinity Infoway'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.

Infinity Infoway Altman Z-Score Chart

Infinity Infoway Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Altman Z-Score
0.00 0.00 0.00 53.17

Infinity Infoway Quarterly Data
Mar23 Mar24 Dec24 Mar25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 53.17

BOM:544567 vs QH, SHOP, UBER: Altman Z-Score Comparison

For the Software - Application subindustry, Infinity Infoway'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.


Infinity Infoway Altman Z-Score vs Software Industry

For the Software industry and Technology sector, Infinity Infoway's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Infinity Infoway's Altman Z-Score falls into.


BOM:544567
21GF Score
Infinity Infoway Ltd BOM:544567
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Infinity Infoway 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.

Infinity Infoway'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*0.6209+1.4*0.2938+3.3*0.2518+0.6*93.3494+1.0*0.6854
=58.68

* 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 ₹441.2 Mil.
Total Current Assets was ₹283.7 Mil.
Total Current Liabilities was ₹9.7 Mil.
Retained Earnings was ₹129.7 Mil.
Pre-Tax Income was 58.775 + 21.15 + 27.296 + 2.941 = ₹110.2 Mil.
Interest Expense was -0.438 + -0.263 + -0.135 + -0.088 = ₹-0.9 Mil.
Revenue was 156.179 + 60.241 + 65.977 + 20.018 = ₹302.4 Mil.
Market Cap (Today) was ₹2,115.8 Mil.
Total Liabilities was ₹22.7 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
=(283.66 - 9.678)/441.233
=0.6209

X2=Retained Earnings/Total Assets
=129.65/441.233
=0.2938

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(110.162 - -0.924)/441.233
=0.2518

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2115.764/22.665
=93.3494

X5=Revenue/Total Assets
=302.415/441.233
=0.6854

The zones of discrimination were as such:

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

Infinity Infoway has a Altman Z-Score of 58.68 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 58.68 mean?
Infinity Infoway (BOM:544567) has a Altman Z-Score of 58.68 as of Jul. 31, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Infinity Infoway and its competitors. This is 10% above median its historical median of 53.17. Over the past decade, Infinity Infoway's Altman Z-Score has ranged from 53.17 to 58.97. According to the industry distribution chart, Infinity Infoway ranks #31 out of 2767 companies in the Software industry, placing it in the top 1.1%.
Is Infinity Infoway's Altman Z-Score too high?
Infinity Infoway's current Altman Z-Score of 58.68 is 10% above median its 10-year median of 53.17. Over the past 10 years, this metric has ranged from a low of 53.17 to a high of 58.97. The Software industry median Altman Z-Score is 3.07. Infinity Infoway's value of 58.68 is 1811.4% above this industry median. Based on the distribution chart, Infinity Infoway ranks #31 out of 2767 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Infinity Infoway has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Infinity Infoway's Altman Z-Score compare to QH and SHOP?
According to the Software industry distribution chart, Infinity Infoway ranks #31 out of 2767 companies for Altman Z-Score. This places Infinity Infoway in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.07. Infinity Infoway's value of 58.68 is 1811.4% above this benchmark. Historically, Infinity Infoway's own Altman Z-Score has ranged from 53.17 to 58.97 over the past decade. While the company's 10-year median is 53.17 vs. the industry median of 3.07, Infinity Infoway 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 Software company?
The median Altman Z-Score among Software companies is 3.07, based on 2,767 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. Infinity Infoway's current Altman Z-Score of 58.68 is 1811.4% 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 Infinity Infoway and its competitors. For the Software industry, the median Altman Z-Score is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Infinity Infoway's current Altman Z-Score is 58.68, which is 10% above median its own 10-year median of 53.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Infinity Infoway stock overvalued right now?
Infinity Infoway (BOM:544567) has a current Altman Z-Score of 58.68. The current Altman Z-Score is 58.68, which is 10% above median its 10-year median of 53.17 and 1811.4% above the Software industry median of 3.07. Infinity Infoway's overall GF Score™ is 21/100 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 Infinity Infoway (BOM:544567), the current Altman Z-Score is 58.68 as of Jul. 31, 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.

Infinity Infoway Business Description

Address P-9, Near Water Tank, Visvakarma Society, Mavadi Chokdi, Rajkot, GJ, IND, 360004
Infinity Infoway Ltd is a Software as a Service (SaaS) company engaged in the business of providing customized and integrated Enterprise Resource Planning (ERP) solutions to clients across various sectors, including education, manufacturing, retail, and construction. In addition to its education and industrial ERP solutions, the company also provides Online Examination System (OES) system to educations institutions like schools, colleges and universities to administer exams and distribute question papers to students. The company has also developed a self-learning platform Brainzorg wherein it sells digital education courses to all classes of students on topics covered in their current education standard. The company generates maximum of its revenue from Educational Industry.
21GF Score

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