Archidply Decor (NSE:ADL) Altman Z-Score: 2.04 (As of Jul. 01, 2026) — Near Median


NSE:ADL Archidply Decor Ltd NSE:ADL
71 GF Score
Price ₹72.91
GF Value ₹79.96
Valuation Fairly Valued
! 3 Warning Signs
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What is Archidply Decor Altman Z-Score?

Archidply Decor NSE:ADL +3.62% 71 Altman Z-Score is 2.04 as of Jul. 01, 2026, which is 6% below its 10-year median of 2.18. GuruFocus rates NSE:ADL with a GF Score™ of 71/100 and a GF Value™ of ₹79.96 (Fairly Valued). The stock has 3 warning signs investors should review. Among 426 Furnishings, Fixtures & Appliances companies, Archidply Decor ranks worse than 69.48% 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 2.01 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.

Archidply Decor has a Altman Z-Score of 2.04, indicating it is in Grey Zones. This implies that Archidply Decor 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 Archidply Decor's Altman Z-Score or its related term are showing as below:

NSE:ADL' s Altman Z-Score Range Over the Past 10 Years
Min: 1.19   Med: 2.18   Max: 2.38
Current: 2.01

During the past 8 years, Archidply Decor's highest Altman Z-Score was 2.38. The lowest was 1.19. And the median was 2.18.


Archidply Decor  (NSE:ADL) 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.


Archidply Decor Altman Z-Score Related Terms


Archidply Decor Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Archidply Decor'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.

Archidply Decor Altman Z-Score Chart

Archidply Decor Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial 2.09 2.34 2.27 2.38 1.80

Archidply Decor 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 2.38 2.50 2.26 2.18 1.80

NSE:ADL vs SN, SGI, MHK: Altman Z-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Archidply Decor'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.


Archidply Decor Altman Z-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Archidply Decor's Altman Z-Score distribution charts can be found below:

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


NSE:ADL
71GF Score
Archidply Decor Ltd NSE:ADL
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Archidply Decor 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.

Archidply Decor'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*0.3195+1.4*0+3.3*0.0237+0.6*1.6062+1.0*0.616
=2.04

* 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 ₹752.2 Mil.
Total Current Assets was ₹463.3 Mil.
Total Current Liabilities was ₹222.9 Mil.
Retained Earnings was ₹0.0 Mil.
Pre-Tax Income was -0.636 + 0.334 + 2.067 + -1.879 = ₹-0.1 Mil.
Interest Expense was -4.23 + -4.253 + -4.577 + -4.866 = ₹-17.9 Mil.
Revenue was 116.027 + 105.165 + 131.531 + 110.601 = ₹463.3 Mil.
Market Cap (Today) was ₹391.6 Mil.
Total Liabilities was ₹243.8 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
=(463.278 - 222.927)/752.17
=0.3195

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.114 - -17.926)/752.17
=0.0237

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=391.641/243.832
=1.6062

X5=Revenue/Total Assets
=463.324/752.17
=0.616

The zones of discrimination were as such:

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

Archidply Decor has a Altman Z-Score of 2.04 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 2.04 mean?
Archidply Decor (NSE:ADL) has a Altman Z-Score of 2.04 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Archidply Decor and its competitors. This is near median its historical median of 2.18. Over the past decade, Archidply Decor's Altman Z-Score has ranged from 1.19 to 2.38. According to the industry distribution chart, Archidply Decor ranks #296 out of 426 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 69.5%.
Is Archidply Decor's Altman Z-Score too high?
Archidply Decor's current Altman Z-Score of 2.04 is near median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 2.38. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.78. Archidply Decor's value of 2.04 is 26.5% below this industry median. Based on the distribution chart, Archidply Decor ranks #296 out of 426 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Archidply Decor has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Archidply Decor's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Archidply Decor ranks #296 out of 426 companies for Altman Z-Score. This places Archidply Decor in the lower half of its industry. The industry median Altman Z-Score is 2.78. Archidply Decor's value of 2.04 is 26.5% below this benchmark. Historically, Archidply Decor's own Altman Z-Score has ranged from 1.19 to 2.38 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 2.78, Archidply Decor 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.78, based on 426 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. Archidply Decor's current Altman Z-Score of 2.04 is 26.5% 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 Archidply Decor and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Archidply Decor's current Altman Z-Score is 2.04, which is near median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Archidply Decor stock overvalued right now?
Based on GuruFocus' analysis, Archidply Decor (NSE:ADL) is currently considered Fairly Valued. The stock's GF Value™ is ₹79.96, compared to a current price of ₹72.91 — trading 8.8% below its estimated fair value. The current Altman Z-Score is 2.04, which is near median its 10-year median of 2.18 and 26.5% below the Furnishings, Fixtures & Appliances industry median of 2.78. Archidply Decor's overall GF Score™ is 71/100 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 Archidply Decor (NSE:ADL), the current Altman Z-Score is 2.04 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.

Is Archidply Decor (NSE:ADL) Overvalued in 2026?

Based on GuruFocus' analysis, Archidply Decor stock appears to be undervalued. The current stock price of ₹72.91 is trading 8.8% below its estimated GF Value™ of ₹79.96. GuruFocus considers Archidply Decor to be Fairly Valued.

Key valuation signals for NSE:ADL:

  • Altman Z-Score: 2.04 (near median its 10-year median of 2.18)
  • GF Value™: ₹79.96 vs. price of ₹72.91 (8.8% below fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 26.5% below the Furnishings, Fixtures & Appliances median (#296 of 426)

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


Archidply Decor Business Description

Other Exchanges 543231:India
Address Queens Road, Swamy Shivanandapuram, No-50, Millenium Towers, Shivaji Nagar, Bangalore, KA, IND, 263153
Archidply Decor Ltd is a provider of decorative and lifestyle interior design products. The company is engaged in the business of manufacturing and trading of wood based products which constitutes as its business segment. The products offered by the group includes Decorative Laminates, Decorative Veneers, Plywood & Block Board, Pre-laminated Particle Board, and others. The company is a provider of decorative and lifestyle interior design products, has been in the industry for over 40 years-delivering decorative Veneers , Gurjan and hardwood plywood and prelaminated particle board to the residential and hospitality sectors.
71GF Score

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

₹72.91
Price
₹79.96
GF Value