AVSL IndustriesNSE:AVSL 70 Altman Z-Score is 2.71 as of Jun. 28, 2026, which is 1% above its 10-year median of 2.69. GuruFocus rates NSE:AVSL with a GF Score™ of 70/100 and a GF Value™ of ₹194.99 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 544 Conglomerates companies, AVSL Industries ranks better than 66.36% 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 2.71 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.
AVSL Industries has a Altman Z-Score of 2.71, indicating it is in Grey Zones. This implies that AVSL Industries 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 AVSL Industries's Altman Z-Score or its related term are showing as below:
NSE:AVSL'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.87 Med: 2.69 Max: 3
Current: 2.71
During the past 13 years, AVSL Industries's highest Altman Z-Score was 3.00. The lowest was 1.87. And the median was 2.69.
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.
AVSL Industries Altman Z-Score Related Terms
AVSL Industries Altman Z-Score Historical Data
* Premium members only.
The historical data trend for AVSL Industries'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 Conglomerates subindustry, AVSL Industries'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.
AVSL Industries Altman Z-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, AVSL Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where AVSL Industries'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.
AVSL Industries'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
*
0.0347
+
1.4
*
0.2742
+
3.3
*
0.0699
+
0.6
*
1.0565
+
1.0
*
1.4164
=
2.71
* 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.
AVSL Industries (NSE:AVSL) has a Altman Z-Score of 2.71 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on AVSL Industries and its competitors. This is near median its historical median of 2.69. Over the past decade, AVSL Industries' Altman Z-Score has ranged from 1.87 to 3.00. According to the industry distribution chart, AVSL Industries ranks #183 out of 544 companies in the Conglomerates industry, placing it in the top 33.6%.
Is AVSL Industries' Altman Z-Score too high?
AVSL Industries' current Altman Z-Score of 2.71 is near median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.87 to a high of 3.00. The Conglomerates industry median Altman Z-Score is 2.06. AVSL Industries' value of 2.71 is 31.6% above this industry median. Based on the distribution chart, AVSL Industries ranks #183 out of 544 companies in the Conglomerates industry, which is above the industry midpoint. Overall, AVSL Industries has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AVSL Industries' Altman Z-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, AVSL Industries ranks #183 out of 544 companies for Altman Z-Score. This puts AVSL Industries in the upper half of its industry. The industry median Altman Z-Score is 2.06. AVSL Industries' value of 2.71 is 31.6% above this benchmark. Historically, AVSL Industries' own Altman Z-Score has ranged from 1.87 to 3.00 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 2.06, AVSL Industries 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 Conglomerates company?
The median Altman Z-Score among Conglomerates companies is 2.06, based on 544 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. AVSL Industries's current Altman Z-Score of 2.71 is 31.6% 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 AVSL Industries and its competitors. For the Conglomerates industry, the median Altman Z-Score is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AVSL Industries's current Altman Z-Score is 2.71, which is near median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AVSL Industries stock overvalued right now?
Based on GuruFocus' analysis, AVSL Industries (NSE:AVSL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹194.99, compared to a current price of ₹119.70 — trading 38.6% below its estimated fair value. The current Altman Z-Score is 2.71, which is near median its 10-year median of 2.69 and 31.6% above the Conglomerates industry median of 2.06. AVSL Industries' overall GF Score™ is 70/100 with 4 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 AVSL Industries (NSE:AVSL), the current Altman Z-Score is 2.71 as of Jun. 28, 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 AVSL Industries (NSE:AVSL) Overvalued in 2026?
Based on GuruFocus' analysis, AVSL Industries stock appears to be undervalued.
The current stock price of ₹119.70 is trading 38.6% below its estimated GF Value™ of ₹194.99.
GuruFocus considers AVSL Industries to be Significantly Undervalued.
Key valuation signals for NSE:AVSL:
Altman Z-Score: 2.71 (near median its 10-year median of 2.69)
GF Value™: ₹194.99 vs. price of ₹119.70 (38.6% below fair value)
Industry Position: 31.6% above the Conglomerates median (#183 of 544)
No single metric tells the full story. See the NSE:AVSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AVSL Industries Ltd is engaged in the manufacturing and trading of PVC and Agriproducts. Its PVC products include PVC Compound, HDPE/LDPE Compound, PVC Filler, and HDPE/LDPE Tape, Polyester Tape and similar product, Aluminium Mylar tape, Marking tapes (used in cable wires as well as irrigation pipes) and others. The Company segment divided into three categories: Industrial Intermediate Goods - Raw Material for HT-LT Power Cable and Telecom Cables and irrigation products; Consumer Goods- Manufacturing of PVC/PP: Foam Board and Doors Frame and Others includes Agro commodities.
70GF Score
Get the complete analysis for NSE:AVSL
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:AVSL has been successfully added to your 
