Blackbuck (NSE:BLACKBUCK) Altman Z-Score: 20.64 (As of Jul. 10, 2026) — Near Median


NSE:BLACKBUCK Blackbuck Ltd NSE:BLACKBUCK
9 GF Score
Price ₹561.55
! 1 Warning Sign
View Full Analysis

What is Blackbuck Altman Z-Score?

Blackbuck NSE:BLACKBUCK +0.41% 9 Altman Z-Score is 20.64 as of Jul. 10, 2026, which is 4% below its 10-year median of 21.56. GuruFocus rates NSE:BLACKBUCK with a GF Score™ of 9/100. The stock has 1 warning sign investors should review. Among 2,762 Software companies, Blackbuck ranks better than 94.97% 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 20.2 is strong.

Blackbuck has a Altman Z-Score of 20.64, 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 Blackbuck's Altman Z-Score or its related term are showing as below:

NSE:BLACKBUCK' s Altman Z-Score Range Over the Past 10 Years
Min: 20.2   Med: 21.56   Max: 21.98
Current: 20.2

During the past 5 years, Blackbuck's highest Altman Z-Score was 21.98. The lowest was 20.20. And the median was 21.56.


Blackbuck  (NSE:BLACKBUCK) 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.


Blackbuck Altman Z-Score Related Terms


Blackbuck Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Blackbuck'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.

Blackbuck Altman Z-Score Chart

Blackbuck Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
0.00 0.00 0.00 21.98 21.14

Blackbuck Quarterly Data
Mar22 Mar23 Jun23 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 21.98 22.93 27.62 30.36 21.14

NSE:BLACKBUCK vs UBER, SHOP, CRM: Altman Z-Score Comparison

For the Software - Application subindustry, Blackbuck'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.


Blackbuck Altman Z-Score vs Software Industry

For the Software industry and Technology sector, Blackbuck's Altman Z-Score distribution charts can be found below:

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


NSE:BLACKBUCK
9GF Score
Blackbuck Ltd NSE:BLACKBUCK
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackbuck 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.

Blackbuck'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*0.3508+1.4*0+3.3*0.0996+0.6*32.5262+1.0*0.3755
=20.64

* 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 ₹17,363 Mil.
Total Current Assets was ₹8,703 Mil.
Total Current Liabilities was ₹2,611 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 403.68 + 424.3 + 389.41 + 457.36 = ₹1,675 Mil.
Interest Expense was -14.82 + -14.4 + -12.73 + -12.87 = ₹-55 Mil.
Revenue was 1854.33 + 1717.84 + 1511.4 + 1436.1 = ₹6,520 Mil.
Market Cap (Today) was ₹102,280 Mil.
Total Liabilities was ₹3,145 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
=(8702.58 - 2611.3)/17363.12
=0.3508

X2=Retained Earnings/Total Assets
=0/17363.12
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1674.75 - -54.82)/17363.12
=0.0996

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=102279.917/3144.54
=32.5262

X5=Revenue/Total Assets
=6519.67/17363.12
=0.3755

The zones of discrimination were as such:

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

Blackbuck has a Altman Z-Score of 20.64 indicating it is in Safe 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 20.64 mean?
Blackbuck (NSE:BLACKBUCK) has a Altman Z-Score of 20.64 as of Jul. 10, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Blackbuck and its competitors. This is near median its historical median of 21.56. Over the past decade, Blackbuck's Altman Z-Score has ranged from 20.20 to 21.98. According to the industry distribution chart, Blackbuck ranks #139 out of 2762 companies in the Software industry, placing it in the top 5%.
Is Blackbuck's Altman Z-Score too high?
Blackbuck's current Altman Z-Score of 20.64 is near median its 10-year median of 21.56. Over the past 10 years, this metric has ranged from a low of 20.20 to a high of 21.98. The Software industry median Altman Z-Score is 3.17. Blackbuck's value of 20.64 is 551.1% above this industry median. Based on the distribution chart, Blackbuck ranks #139 out of 2762 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Blackbuck has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Blackbuck's Altman Z-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Blackbuck ranks #139 out of 2762 companies for Altman Z-Score. This places Blackbuck in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.17. Blackbuck's value of 20.64 is 551.1% above this benchmark. Historically, Blackbuck's own Altman Z-Score has ranged from 20.20 to 21.98 over the past decade. While the company's 10-year median is 21.56 vs. the industry median of 3.17, Blackbuck 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 Software company?
The median Altman Z-Score among Software companies is 3.17, based on 2,762 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. Blackbuck's current Altman Z-Score of 20.64 is 551.1% 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 Blackbuck and its competitors. For the Software 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. Blackbuck's current Altman Z-Score is 20.64, which is near median its own 10-year median of 21.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackbuck stock overvalued right now?
Blackbuck (NSE:BLACKBUCK) has a current Altman Z-Score of 20.64. The current Altman Z-Score is 20.64, which is near median its 10-year median of 21.56 and 551.1% above the Software industry median of 3.17. Blackbuck's overall GF Score™ is 9/100 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 Blackbuck (NSE:BLACKBUCK), the current Altman Z-Score is 20.64 as of Jul. 10, 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.

Blackbuck Business Description

Other Exchanges 544288:India
Address Off Outer Ring Road, Panathur Main Road, Vaswani Presidio, No. 84/2, II Floor, Kadubeesanahalli, Bengaluru, KA, IND, 560 103
Blackbuck Ltd is a digital platform for truck operators. The Group is engaged in providing services to empower truck operators and corporates to efficiently manage their business and maximize their earnings through logistics technology platforms (Truck operator services). This platform is used by truck operators for digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics, find loads on marketplace and get access to financing for the purchase of used vehicles. Truck operators use the Blackbuck mobile application (the Blackbuck App) for their diverse business needs.
9GF Score

Get the complete analysis for NSE:BLACKBUCK

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

₹561.55
Price