Mahamaya Lifesciences (BOM:544611) Altman Z-Score: 2.96 (As of Aug. 02, 2026) — Near Median

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BOM:544611 Mahamaya Lifesciences Ltd BOM:544611
16 GF Score
Price ₹166.45
! 4 Warning Signs
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What is Mahamaya Lifesciences Altman Z-Score?

Mahamaya Lifesciences BOM:544611 16 Altman Z-Score is 2.96 as of Aug. 02, 2026, which is 4% above its 10-year median of 2.84. GuruFocus rates BOM:544611 with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 248 Agriculture companies, Mahamaya Lifesciences ranks better than 56.85% 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 2.96 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Mahamaya Lifesciences has a Altman Z-Score of 2.96, indicating it is in Grey Zones. This implies that Mahamaya Lifesciences is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Mahamaya Lifesciences's Altman Z-Score or its related term are showing as below:

BOM:544611' s Altman Z-Score Range Over the Past 10 Years
Min: 2.84   Med: 2.84   Max: 2.96
Current: 2.96

During the past 5 years, Mahamaya Lifesciences's highest Altman Z-Score was 2.96. The lowest was 2.84. And the median was 2.84.


Mahamaya Lifesciences  (BOM:544611) 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.


Mahamaya Lifesciences Altman Z-Score Related Terms


Mahamaya Lifesciences Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Mahamaya Lifesciences'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.

Mahamaya Lifesciences Altman Z-Score Chart

Mahamaya Lifesciences Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
0.00 0.00 0.00 0.00 2.84

Mahamaya Lifesciences Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Mar26
Altman Z-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 2.84

BOM:544611 vs CTVA, CF, MOS: Altman Z-Score Comparison

For the Agricultural Inputs subindustry, Mahamaya Lifesciences'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.


Mahamaya Lifesciences Altman Z-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Mahamaya Lifesciences's Altman Z-Score distribution charts can be found below:

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


BOM:544611
16GF Score
Mahamaya Lifesciences Ltd BOM:544611
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Mahamaya Lifesciences 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.

Mahamaya Lifesciences'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*0.2685+1.4*0+3.3*0.1032+0.6*2.0684+1.0*1.0599
=2.96

* 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 ₹3,103 Mil.
Total Current Assets was ₹2,664 Mil.
Total Current Liabilities was ₹1,831 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was ₹239 Mil.
Interest Expense was ₹-81 Mil.
Revenue was ₹3,289 Mil.
Market Cap (Today) was ₹3,896 Mil.
Total Liabilities was ₹1,884 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
=(2664.457 - 1831.338)/3102.802
=0.2685

X2=Retained Earnings/Total Assets
=0/3102.802
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(238.777 - -81.387)/3102.802
=0.1032

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3895.762/1883.503
=2.0684

X5=Revenue/Total Assets
=3288.73/3102.802
=1.0599

The zones of discrimination were as such:

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

Mahamaya Lifesciences has a Altman Z-Score of 2.96 indicating it is in Grey 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 2.96 mean?
Mahamaya Lifesciences (BOM:544611) has a Altman Z-Score of 2.96 as of Aug. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Mahamaya Lifesciences and its competitors. This is near median its historical median of 2.84. Over the past decade, Mahamaya Lifesciences' Altman Z-Score has ranged from 2.84 to 2.96. According to the industry distribution chart, Mahamaya Lifesciences ranks #107 out of 248 companies in the Agriculture industry, placing it in the top 43.1%.
Is Mahamaya Lifesciences' Altman Z-Score too high?
Mahamaya Lifesciences' current Altman Z-Score of 2.96 is near median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 2.84 to a high of 2.96. The Agriculture industry median Altman Z-Score is 2.69. Mahamaya Lifesciences' value of 2.96 is 10.2% above this industry median. Based on the distribution chart, Mahamaya Lifesciences ranks #107 out of 248 companies in the Agriculture industry, which is above the industry midpoint. Overall, Mahamaya Lifesciences has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Mahamaya Lifesciences' Altman Z-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Mahamaya Lifesciences ranks #107 out of 248 companies for Altman Z-Score. This puts Mahamaya Lifesciences in the upper half of its industry. The industry median Altman Z-Score is 2.69. Mahamaya Lifesciences' value of 2.96 is 10.2% above this benchmark. Historically, Mahamaya Lifesciences' own Altman Z-Score has ranged from 2.84 to 2.96 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 2.69, Mahamaya Lifesciences 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 Agriculture company?
The median Altman Z-Score among Agriculture companies is 2.69, based on 248 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. Mahamaya Lifesciences's current Altman Z-Score of 2.96 is 10.2% 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 Mahamaya Lifesciences and its competitors. For the Agriculture industry, the median Altman Z-Score is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahamaya Lifesciences's current Altman Z-Score is 2.96, which is near median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahamaya Lifesciences stock overvalued right now?
Mahamaya Lifesciences (BOM:544611) has a current Altman Z-Score of 2.96. The current Altman Z-Score is 2.96, which is near median its 10-year median of 2.84 and 10.2% above the Agriculture industry median of 2.69. Mahamaya Lifesciences' overall GF Score™ is 16/100 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 Mahamaya Lifesciences (BOM:544611), the current Altman Z-Score is 2.96 as of Aug. 02, 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.

Mahamaya Lifesciences Business Description

Address Sohna Road, Sector-49, Unit No. 369, 370, 370A & 370B, 3rd Floor, Prime Tower-B1, Spaze ITech Park, Gurugram, HR, IND, 122018
Mahamaya Lifesciences Ltd specializes in the manufacturing of pesticide formulations and supplies bulk formulations catering to both Indian agrochemical companies as well as multinational corporations (MNCs). The company's offerings include Insecticides, Herbicides, and Fungicides. Geographically, it serves multiple Indian states including Punjab, Haryana, Rajasthan, and Uttar Pradesh, and internationally serves countries like the Dominican Republic, Turkey, Egypt, and the UAE. The company generates revenue from the sale of its pesticide formulations.
16GF Score

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