Bharat RasayanNSE:BHARATRAS +0.31%66 Altman Z-Score is 10.54 as of Jul. 08, 2026, which is 11% below its 10-year median of 11.88. GuruFocus rates NSE:BHARATRAS with a GF Score™ of 66/100 and a GF Value™ of ₹2,621.79 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 247 Agriculture companies, Bharat Rasayan ranks better than 94.33% 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 10.6 is strong.
Bharat Rasayan has a Altman Z-Score of 10.54, 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 Bharat Rasayan's Altman Z-Score or its related term are showing as below:
NSE:BHARATRAS'
s Altman Z-Score Range Over the Past 10 Years
Min: 6.22 Med: 11.88 Max: 16.95
Current: 10.6
During the past 13 years, Bharat Rasayan's highest Altman Z-Score was 16.95. The lowest was 6.22. And the median was 11.88.
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.
Bharat Rasayan Altman Z-Score Related Terms
Bharat Rasayan Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Bharat Rasayan'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.
NSE:BHARATRAS vs CTVA, CF, MOS: Altman Z-Score Comparison
For the Agricultural Inputs subindustry, Bharat Rasayan'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.
Bharat Rasayan Altman Z-Score vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Bharat Rasayan's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Bharat Rasayan'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.
Bharat Rasayan'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
*
0.645
+
1.4
*
0
+
3.3
*
0.1382
+
0.6
*
14.0709
+
1.0
*
0.8669
=
10.54
* 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.
Bharat Rasayan (NSE:BHARATRAS) has a Altman Z-Score of 10.54 as of Jul. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Bharat Rasayan and its competitors. This is 11% below median its historical median of 11.88. Over the past decade, Bharat Rasayan's Altman Z-Score has ranged from 6.22 to 16.95. According to the industry distribution chart, Bharat Rasayan ranks #14 out of 247 companies in the Agriculture industry, placing it in the top 5.7%.
Is Bharat Rasayan's Altman Z-Score too high?
Bharat Rasayan's current Altman Z-Score of 10.54 is 11% below median its 10-year median of 11.88. Over the past 10 years, this metric has ranged from a low of 6.22 to a high of 16.95. The Agriculture industry median Altman Z-Score is 2.69. Bharat Rasayan's value of 10.54 is 291.8% above this industry median. Based on the distribution chart, Bharat Rasayan ranks #14 out of 247 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Bharat Rasayan has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Rasayan's Altman Z-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Bharat Rasayan ranks #14 out of 247 companies for Altman Z-Score. This places Bharat Rasayan in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.69. Bharat Rasayan's value of 10.54 is 291.8% above this benchmark. Historically, Bharat Rasayan's own Altman Z-Score has ranged from 6.22 to 16.95 over the past decade. While the company's 10-year median is 11.88 vs. the industry median of 2.69, Bharat Rasayan 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 an Agriculture company?
The median Altman Z-Score among Agriculture companies is 2.69, based on 247 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. Bharat Rasayan's current Altman Z-Score of 10.54 is 291.8% 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 Bharat Rasayan and its competitors. For the Agriculture industry, the median Altman Z-Score is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Rasayan's current Altman Z-Score is 10.54, which is 11% below median its own 10-year median of 11.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Rasayan stock overvalued right now?
Based on GuruFocus' analysis, Bharat Rasayan (NSE:BHARATRAS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,621.79, compared to a current price of ₹1,338.10 — trading 49% below its estimated fair value. The current Altman Z-Score is 10.54, which is 11% below median its 10-year median of 11.88 and 291.8% above the Agriculture industry median of 2.69. Bharat Rasayan's overall GF Score™ is 66/100 with 1 warning sign 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 Bharat Rasayan (NSE:BHARATRAS), the current Altman Z-Score is 10.54 as of Jul. 08, 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 Bharat Rasayan (NSE:BHARATRAS) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Rasayan stock appears to be undervalued.
The current stock price of ₹1,338.10 is trading 49% below its estimated GF Value™ of ₹2,621.79.
GuruFocus considers Bharat Rasayan to be Significantly Undervalued.
Key valuation signals for NSE:BHARATRAS:
Altman Z-Score: 10.54 (11% below median its 10-year median of 11.88)
GF Value™: ₹2,621.79 vs. price of ₹1,338.10 (49% below fair value)
Industry Position: 291.8% above the Agriculture median (#14 of 247)
No single metric tells the full story. See the NSE:BHARATRAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Rasayan Ltd is engaged in the business of agrochemicals. The company is the manufacturer and exporter of pesticides, technical formulation, and intermediaries. The Company operates only in one business segment which is pesticides. Its product categories include Insecticides; Herbicides; Fungicides and Plant Growth Regulator.
66GF Score
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