Active Infrastructures (NSE:ACTIVEINFR) Altman Z-Score: 3.57 (As of Jul. 01, 2026) — Near Median


NSE:ACTIVEINFR Active Infrastructures Ltd NSE:ACTIVEINFR
17 GF Score
Price ₹178.50
! 2 Warning Signs
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What is Active Infrastructures Altman Z-Score?

Active Infrastructures NSE:ACTIVEINFR 17 Altman Z-Score is 3.57 as of Jul. 01, 2026, which is 1% above its 10-year median of 3.53. GuruFocus rates NSE:ACTIVEINFR with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 1,751 Construction companies, Active Infrastructures ranks better than 73.16% 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 3.57 is strong.

Active Infrastructures has a Altman Z-Score of 3.57, 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 Active Infrastructures's Altman Z-Score or its related term are showing as below:

NSE:ACTIVEINFR' s Altman Z-Score Range Over the Past 10 Years
Min: 3.53   Med: 3.53   Max: 3.57
Current: 3.57

During the past 4 years, Active Infrastructures's highest Altman Z-Score was 3.57. The lowest was 3.53. And the median was 3.53.


Active Infrastructures  (NSE:ACTIVEINFR) 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.


Active Infrastructures Altman Z-Score Related Terms


Active Infrastructures Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Active Infrastructures'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.

Active Infrastructures Altman Z-Score Chart

Active Infrastructures Annual Data
Trend Mar22 Mar23 Mar24 Mar25
Altman Z-Score
0.00 0.00 0.00 3.53

Active Infrastructures Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25
Altman Z-Score Get a 7-Day Free Trial 0.00 0.00 0.00 3.53 0.00

NSE:ACTIVEINFR vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, Active Infrastructures'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.


Active Infrastructures Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, Active Infrastructures's Altman Z-Score distribution charts can be found below:

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


NSE:ACTIVEINFR
17GF Score
Active Infrastructures Ltd NSE:ACTIVEINFR
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Active Infrastructures 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.

Active Infrastructures'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*0.4566+1.4*0.1044+3.3*0.1018+0.6*3.46+1.0*0.462
=3.57

* 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. 2025:
Total Assets was ₹1,942.9 Mil.
Total Current Assets was ₹1,616.1 Mil.
Total Current Liabilities was ₹728.9 Mil.
Retained Earnings was ₹202.9 Mil.
Pre-Tax Income was ₹174.4 Mil.
Interest Expense was ₹-23.4 Mil.
Revenue was ₹897.6 Mil.
Market Cap (Today) was ₹2,680.2 Mil.
Total Liabilities was ₹774.6 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
=(1616.051 - 728.91)/1942.853
=0.4566

X2=Retained Earnings/Total Assets
=202.859/1942.853
=0.1044

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(174.388 - -23.422)/1942.853
=0.1018

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2680.180/774.627
=3.46

X5=Revenue/Total Assets
=897.574/1942.853
=0.462

The zones of discrimination were as such:

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

Active Infrastructures has a Altman Z-Score of 3.57 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 3.57 mean?
Active Infrastructures (NSE:ACTIVEINFR) has a Altman Z-Score of 3.57 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Active Infrastructures and its competitors. This is near median its historical median of 3.53. Over the past decade, Active Infrastructures' Altman Z-Score has ranged from 3.53 to 3.57. According to the industry distribution chart, Active Infrastructures ranks #470 out of 1751 companies in the Construction industry, placing it in the top 26.8%.
Is Active Infrastructures' Altman Z-Score too high?
Active Infrastructures' current Altman Z-Score of 3.57 is near 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 3.57. The Construction industry median Altman Z-Score is 2.33. Active Infrastructures' value of 3.57 is 53.2% above this industry median. Based on the distribution chart, Active Infrastructures ranks #470 out of 1751 companies in the Construction industry, which is above the industry midpoint. Overall, Active Infrastructures has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Active Infrastructures' Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Active Infrastructures ranks #470 out of 1751 companies for Altman Z-Score. This puts Active Infrastructures in the upper half of its industry. The industry median Altman Z-Score is 2.33. Active Infrastructures' value of 3.57 is 53.2% above this benchmark. Historically, Active Infrastructures' own Altman Z-Score has ranged from 3.53 to 3.57 over the past decade. While the company's 10-year median is 3.53 vs. the industry median of 2.33, Active Infrastructures 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 Construction company?
The median Altman Z-Score among Construction companies is 2.33, based on 1,751 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. Active Infrastructures's current Altman Z-Score of 3.57 is 53.2% 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 Active Infrastructures and its competitors. For the Construction industry, the median Altman Z-Score is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Active Infrastructures's current Altman Z-Score is 3.57, which is near 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 Active Infrastructures stock overvalued right now?
Active Infrastructures (NSE:ACTIVEINFR) has a current Altman Z-Score of 3.57. The current Altman Z-Score is 3.57, which is near median its 10-year median of 3.53 and 53.2% above the Construction industry median of 2.33. Active Infrastructures' overall GF Score™ is 17/100 with 2 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 Active Infrastructures (NSE:ACTIVEINFR), the current Altman Z-Score is 3.57 as of Jul. 01, 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.

Active Infrastructures Business Description

Address Mangalwari Road, Riaan Tower, 10 Floor, Sadar Bazar, Nagpur, MH, IND, 440001
Active Infrastructures Ltd operates principally as an Engineering, Procurement, and Construction (EPC) contractor, providing end-to-end services across project planning, procurement, execution, commissioning, and maintenance. The company has executed projects across the following verticals: Roads and Highways, Water Infrastructure, and Industrial Infrastructure. The company operates in two segments: Infrastructure and Real Estate. The company generates key revenue from the Infrastructure segment.
17GF Score

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