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Shining ToolsBOM:544607 20 Altman Z-Score is 5.52 as of Aug. 19, 2026, which is 56% above its 10-year median of 3.53. GuruFocus rates BOM:544607 with a GF Score™ of 20/100. The stock has 3 warning signs investors should review. Among 3,006 Industrial Products companies, Shining Tools ranks better than 73.15% 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 5.56 is strong.
Shining Tools has a Altman Z-Score of 5.52, 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 Shining Tools's Altman Z-Score or its related term are showing as below:
BOM:544607'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.53 Med: 3.53 Max: 5.56
Current: 5.56
During the past 4 years, Shining Tools's highest Altman Z-Score was 5.56. The lowest was 3.53. And the median was 3.53.
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.
Shining Tools Altman Z-Score Related Terms
Shining Tools Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Shining Tools'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.
Shining Tools Altman Z-Score Chart
Shining Tools Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Altman Z-Score
0.00
0.00
0.00
3.53
Shining Tools Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Altman Z-Score
0.00
0.00
0.00
3.53
BOM:544607 vs SNA, RBC, SWK: Altman Z-Score Comparison
For the Tools & Accessories subindustry, Shining Tools'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.
Shining Tools Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shining Tools's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Shining Tools'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.
Shining Tools'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
*
0.3723
+
1.4
*
0.5612
+
3.3
*
0.1505
+
0.6
*
5.4694
+
1.0
*
0.5082
=
5.52
* 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.
Shining Tools (BOM:544607) has a Altman Z-Score of 5.52 as of Aug. 19, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shining Tools and its competitors. This is 56% above median its historical median of 3.53. Over the past decade, Shining Tools' Altman Z-Score has ranged from 3.53 to 5.56. According to the industry distribution chart, Shining Tools ranks #807 out of 3006 companies in the Industrial Products industry, placing it in the top 26.8%.
Is Shining Tools' Altman Z-Score too high?
Shining Tools' current Altman Z-Score of 5.52 is 56% above median its 10-year median of 3.53. Over the past 10 years, this metric has ranged from a low of 3.53 to a high of 5.56. The Industrial Products industry median Altman Z-Score is 3.32. Shining Tools' value of 5.52 is 66.3% above this industry median. Based on the distribution chart, Shining Tools ranks #807 out of 3006 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shining Tools has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Shining Tools' Altman Z-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Shining Tools ranks #807 out of 3006 companies for Altman Z-Score. This puts Shining Tools in the upper half of its industry. The industry median Altman Z-Score is 3.32. Shining Tools' value of 5.52 is 66.3% above this benchmark. Historically, Shining Tools' own Altman Z-Score has ranged from 3.53 to 5.56 over the past decade. While the company's 10-year median is 3.53 vs. the industry median of 3.32, Shining Tools 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.32, based on 3,006 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. Shining Tools's current Altman Z-Score of 5.52 is 66.3% 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 Shining Tools and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shining Tools's current Altman Z-Score is 5.52, which is 56% above median its own 10-year median of 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shining Tools stock overvalued right now?
Shining Tools (BOM:544607) has a current Altman Z-Score of 5.52. The current Altman Z-Score is 5.52, which is 56% above median its 10-year median of 3.53 and 66.3% above the Industrial Products industry median of 3.32. Shining Tools' overall GF Score™ is 20/100 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 Shining Tools (BOM:544607), the current Altman Z-Score is 5.52 as of Aug. 19, 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.
Shining Tools Ltd is engaged in the designing and manufacturing of high-performance solid carbide cutting tools catering to various industries in India. Additionally, the company provides reconditioning services for used tools, ensuring their extended usability and performance. It is engaged in producing a wide range of high-performance cutting tools, including end mills, thread mills, drills, and reamers, offering tooling solutions for modern manufacturing needs. The company derives the majority of its revenue from the manufacturing of customized tools.
20GF Score
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