GS Auto International (BOM:890238) Altman Z-Score: 2.28 (As of Aug. 16, 2026) — 74% Above Median

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BOM:890238 GS Auto International Ltd BOM:890238
54 GF Score
Price ₹8.60
GF Value ₹11.08
Valuation Modestly Undervalued
! 3 Warning Signs
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What is GS Auto International Altman Z-Score?

GS Auto International BOM:890238 54 Altman Z-Score is 2.28 as of Aug. 16, 2026, which is 74% above its 10-year median of 1.31. GuruFocus rates BOM:890238 with a GF Score™ of 54/100 and a GF Value™ of ₹11.08 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,312 Vehicles & Parts companies, GS Auto International ranks worse than 57.47% 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 2.28 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.

GS Auto International has a Altman Z-Score of 2.28, indicating it is in Grey Zones. This implies that GS Auto International 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 GS Auto International's Altman Z-Score or its related term are showing as below:

BOM:890238' s Altman Z-Score Range Over the Past 10 Years
Min: 0.67   Med: 1.31   Max: 2.28
Current: 2.28

During the past 13 years, GS Auto International's highest Altman Z-Score was 2.28. The lowest was 0.67. And the median was 1.31.


GS Auto International  (BOM:890238) 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.


GS Auto International Altman Z-Score Related Terms


GS Auto International Altman Z-Score Historical Data

* Premium members only.

The historical data trend for GS Auto International'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.

GS Auto International Altman Z-Score Chart

GS Auto International Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.31 1.40 2.03 2.11 2.23

GS Auto International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.11 2.08 2.15 2.13 2.23

BOM:890238 vs ORLY, AZO: Altman Z-Score Comparison

For the Auto Parts subindustry, GS Auto International'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.


GS Auto International Altman Z-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, GS Auto International's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where GS Auto International's Altman Z-Score falls into.


BOM:890238
54GF Score
GS Auto International Ltd BOM:890238
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GS Auto International 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.

GS Auto International'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*0.0046+1.4*0+3.3*0.0813+0.6*0.6987+1.0*1.5881
=2.28

* 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 ₹947 Mil.
Total Current Assets was ₹511 Mil.
Total Current Liabilities was ₹507 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 13.536 + 9.98 + 7.922 + 7.23 = ₹39 Mil.
Interest Expense was -12.384 + -7.758 + -9.056 + -9.189 = ₹-38 Mil.
Revenue was 419.353 + 396.882 + 311.789 + 376.317 = ₹1,504 Mil.
Market Cap (Today) was ₹473 Mil.
Total Liabilities was ₹677 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
=(511.007 - 506.631)/947.235
=0.0046

X2=Retained Earnings/Total Assets
=0/947.235
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(38.668 - -38.387)/947.235
=0.0813

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=473.320/677.397
=0.6987

X5=Revenue/Total Assets
=1504.341/947.235
=1.5881

The zones of discrimination were as such:

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

GS Auto International has a Altman Z-Score of 2.28 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 2.28 mean?
GS Auto International (BOM:890238) has a Altman Z-Score of 2.28 as of Aug. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on GS Auto International and its competitors. This is 74% above median its historical median of 1.31. Over the past decade, GS Auto International's Altman Z-Score has ranged from 0.67 to 2.28. According to the industry distribution chart, GS Auto International ranks #754 out of 1312 companies in the Vehicles & Parts industry, placing it in the top 57.5%.
Is GS Auto International's Altman Z-Score too high?
GS Auto International's current Altman Z-Score of 2.28 is 74% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 2.28. The Vehicles & Parts industry median Altman Z-Score is 2.57. GS Auto International's value of 2.28 is 11.3% below this industry median. Based on the distribution chart, GS Auto International ranks #754 out of 1312 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, GS Auto International has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GS Auto International's Altman Z-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, GS Auto International ranks #754 out of 1312 companies for Altman Z-Score. This places GS Auto International in the lower half of its industry. The industry median Altman Z-Score is 2.57. GS Auto International's value of 2.28 is 11.3% below this benchmark. Historically, GS Auto International's own Altman Z-Score has ranged from 0.67 to 2.28 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 2.57, GS Auto International 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.57, based on 1,312 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. GS Auto International's current Altman Z-Score of 2.28 is 11.3% 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 GS Auto International and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GS Auto International's current Altman Z-Score is 2.28, which is 74% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GS Auto International stock overvalued right now?
Based on GuruFocus' analysis, GS Auto International (BOM:890238) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹11.08, compared to a current price of ₹8.60 — trading 22.4% below its estimated fair value. The current Altman Z-Score is 2.28, which is 74% above median its 10-year median of 1.31 and 11.3% below the Vehicles & Parts industry median of 2.57. GS Auto International's overall GF Score™ is 54/100 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 GS Auto International (BOM:890238), the current Altman Z-Score is 2.28 as of Aug. 16, 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.

Is GS Auto International (BOM:890238) Overvalued in 2026?

Based on GuruFocus' analysis, GS Auto International stock appears to be undervalued. The current stock price of ₹8.60 is trading 22.4% below its estimated GF Value™ of ₹11.08. GuruFocus considers GS Auto International to be Modestly Undervalued.

Key valuation signals for BOM:890238:

  • Altman Z-Score: 2.28 (74% above median its 10-year median of 1.31)
  • GF Value™: ₹11.08 vs. price of ₹8.60 (22.4% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 11.3% below the Vehicles & Parts median (#754 of 1312)

No single metric tells the full story. See the BOM:890238 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GS Auto International Business Description

Other Exchanges 513059:India
Address G.T. Road, G.S. Estate, Near Dhandari Kalan, Ludhiana, PB, IND, 141 010
GS Auto International Ltd manufactures automotive suspension and fastening components for Indian ( International Passenger Cars, Utility Vehicles, Commercial Vehicles (LCVs, MCVs, HCVs), Multi-Axle Vehicles, Trailers and Special Purpose Vehicles. Its product portfolio includes leaf bolts, spring bolts, casting products, bushes, hub bolts, nuts, pins, propeller shaft components, trailer axles, and trailer suspension and sub assemblies.
54GF Score

Get the complete analysis for BOM:890238

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

₹8.60
Price
₹11.08
GF Value