Akme Fintrade (India)NSE:AFIL -1.42%37 Altman Z-Score is 2.15 as of Jun. 27, 2026, which is 4% above its 10-year median of 2.06. GuruFocus rates NSE:AFIL with a GF Score™ of 37/100. The stock has 9 warning signs investors should review. Among 408 Credit Services companies, Akme Fintrade (India) ranks better than 62.01% 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 2.18 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.
Akme Fintrade (India) has a Altman Z-Score of 2.15, indicating it is in Grey Zones. This implies that Akme Fintrade (India) 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 Akme Fintrade (India)'s Altman Z-Score or its related term are showing as below:
NSE:AFIL'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.82 Med: 2.06 Max: 2.29
Current: 2.18
During the past 7 years, Akme Fintrade (India)'s highest Altman Z-Score was 2.29. The lowest was 1.82. And the median was 2.06.
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.
Akme Fintrade (India) Altman Z-Score Related Terms
Akme Fintrade (India) Altman Z-Score Historical Data
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The historical data trend for Akme Fintrade (India)'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.
For the Credit Services subindustry, Akme Fintrade (India)'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.
Akme Fintrade (India) Altman Z-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Akme Fintrade (India)'s Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Akme Fintrade (India)'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.
* 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.
Akme Fintrade (India) (NSE:AFIL) has a Altman Z-Score of 2.15 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Akme Fintrade (India) and its competitors. This is near median its historical median of 2.06. Over the past decade, Akme Fintrade (India)'s Altman Z-Score has ranged from 1.82 to 2.29. According to the industry distribution chart, Akme Fintrade (India) ranks #155 out of 408 companies in the Credit Services industry, placing it in the top 38%.
Is Akme Fintrade (India)'s Altman Z-Score too high?
Akme Fintrade (India)'s current Altman Z-Score of 2.15 is near median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 2.29. The Credit Services industry median Altman Z-Score is 1.74. Akme Fintrade (India)'s value of 2.15 is 23.9% above this industry median. Based on the distribution chart, Akme Fintrade (India) ranks #155 out of 408 companies in the Credit Services industry, which is above the industry midpoint. Overall, Akme Fintrade (India) has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Akme Fintrade (India)'s Altman Z-Score compare to V and MA?
According to the Credit Services industry distribution chart, Akme Fintrade (India) ranks #155 out of 408 companies for Altman Z-Score. This puts Akme Fintrade (India) in the upper half of its industry. The industry median Altman Z-Score is 1.74. Akme Fintrade (India)'s value of 2.15 is 23.9% above this benchmark. Historically, Akme Fintrade (India)'s own Altman Z-Score has ranged from 1.82 to 2.29 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 1.74, Akme Fintrade (India) 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 Credit Services company?
The median Altman Z-Score among Credit Services companies is 1.74, based on 408 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. Akme Fintrade (India)'s current Altman Z-Score of 2.15 is 23.9% 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 Akme Fintrade (India) and its competitors. For the Credit Services industry, the median Altman Z-Score is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Akme Fintrade (India)'s current Altman Z-Score is 2.15, which is near median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akme Fintrade (India) stock overvalued right now?
Akme Fintrade (India) (NSE:AFIL) has a current Altman Z-Score of 2.15. The current Altman Z-Score is 2.15, which is near median its 10-year median of 2.06 and 23.9% above the Credit Services industry median of 1.74. Akme Fintrade (India)'s overall GF Score™ is 37/100 with 9 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 Akme Fintrade (India) (NSE:AFIL), the current Altman Z-Score is 2.15 as of Jun. 27, 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.
Akme Fintrade (India) Ltd is a non-banking finance company. It is engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. The company's portfolio includes Vehicle Finance and Business Finance Products to small business owners and has footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat.
37GF Score
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