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Arunaya OrganicsNSE:ARUNAYA +1.40%15 Altman Z-Score is 2.34 as of Sep. 01, 2026. GuruFocus rates NSE:ARUNAYA with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 1,569 Chemicals companies, Arunaya Organics ranks worse than 64.75% 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 2.34 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.
Arunaya Organics has a Altman Z-Score of 2.34, indicating it is in Grey Zones. This implies that Arunaya Organics 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 Arunaya Organics's Altman Z-Score or its related term are showing as below:
NSE:ARUNAYA'
s Altman Z-Score Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.34
Current: 2.34
During the past 4 years, Arunaya Organics's highest Altman Z-Score was 2.34. The lowest was 0.00. And the median was 0.00.
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.
Arunaya Organics Altman Z-Score Related Terms
Arunaya Organics Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Arunaya Organics'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.
Arunaya Organics Altman Z-Score Chart
Arunaya Organics Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Altman Z-Score
0.00
0.00
0.00
0.00
Arunaya Organics Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Altman Z-Score
0.00
0.00
0.00
0.00
NSE:ARUNAYA vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, Arunaya Organics'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.
Arunaya Organics Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Arunaya Organics's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Arunaya Organics'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.
Arunaya Organics'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
*
0.2316
+
1.4
*
0
+
3.3
*
0.1118
+
0.6
*
0.5751
+
1.0
*
1.3484
=
2.34
* 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.
Arunaya Organics (NSE:ARUNAYA) has a Altman Z-Score of 2.34 as of Sep. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Arunaya Organics and its competitors. According to the industry distribution chart, Arunaya Organics ranks #1016 out of 1569 companies in the Chemicals industry, placing it in the top 64.8%.
Is Arunaya Organics' Altman Z-Score too high?
Arunaya Organics' current Altman Z-Score is 2.34. The Chemicals industry median Altman Z-Score is 3.17. Arunaya Organics' value of 2.34 is 26.2% below this industry median. Based on the distribution chart, Arunaya Organics ranks #1016 out of 1569 companies in the Chemicals industry, which is below the industry midpoint. Overall, Arunaya Organics has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Arunaya Organics' Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Arunaya Organics ranks #1016 out of 1569 companies for Altman Z-Score. This places Arunaya Organics in the lower half of its industry. The industry median Altman Z-Score is 3.17. Arunaya Organics' value of 2.34 is 26.2% below this benchmark. 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.17, based on 1,569 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. Arunaya Organics's current Altman Z-Score of 2.34 is 26.2% 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 Arunaya Organics and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arunaya Organics's current Altman Z-Score is 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arunaya Organics stock overvalued right now?
Arunaya Organics (NSE:ARUNAYA) has a current Altman Z-Score of 2.34. The current Altman Z-Score is 2.34 and 26.2% below the Chemicals industry median of 3.17. Arunaya Organics' overall GF Score™ is 15/100 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 Arunaya Organics (NSE:ARUNAYA), the current Altman Z-Score is 2.34 as of Sep. 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.
Arunaya Organics Ltd is engage in trading and manufacturing activities of different types of dyes and its intermediaries. Its products includes reactive, acid, direct, basic, and solvent dyes, as well as dye intermediates. The products are available in multiple forms, such as standardized spray-dried and tray-dried powders, granules, crude, reverse osmosis-treated products and salt free. Additionally, it provide specialty performance chemicals tailored for the paper industry and textile dyeing.
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