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Black Rose IndustriesNSE:BLACKROSE -0.31%57 Altman Z-Score is 13.16 as of Aug. 28, 2026, which is 22% above its 10-year median of 10.81. GuruFocus rates NSE:BLACKROSE with a GF Score™ of 57/100 and a GF Value™ of ₹113.71 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,570 Chemicals companies, Black Rose Industries ranks better than 91.46% 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 13.26 is strong.
Black Rose Industries has a Altman Z-Score of 13.16, 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 Black Rose Industries's Altman Z-Score or its related term are showing as below:
NSE:BLACKROSE'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.58 Med: 10.81 Max: 19.87
Current: 13.26
During the past 13 years, Black Rose Industries's highest Altman Z-Score was 19.87. The lowest was 1.58. And the median was 10.81.
Black Rose Industries (NSE:BLACKROSE) 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.
Altman Z-Score does not apply to financial companies.
Black Rose Industries Altman Z-Score Related Terms
Black Rose Industries Altman Z-Score Historical Data
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The historical data trend for Black Rose 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 Specialty Chemicals subindustry, Black Rose 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.
Black Rose Industries Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Black Rose Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Black Rose 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.
* 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.
Black Rose Industries (NSE:BLACKROSE) has a Altman Z-Score of 13.16 as of Aug. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Black Rose Industries and its competitors. This is 22% above median its historical median of 10.81. Over the past decade, Black Rose Industries' Altman Z-Score has ranged from 1.58 to 19.87. According to the industry distribution chart, Black Rose Industries ranks #134 out of 1570 companies in the Chemicals industry, placing it in the top 8.5%.
Is Black Rose Industries' Altman Z-Score too high?
Black Rose Industries' current Altman Z-Score of 13.16 is 22% above median its 10-year median of 10.81. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 19.87. The Chemicals industry median Altman Z-Score is 3.12. Black Rose Industries' value of 13.16 is 321.8% above this industry median. Based on the distribution chart, Black Rose Industries ranks #134 out of 1570 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Black Rose Industries has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Black Rose Industries' Altman Z-Score compare to ?
According to the Chemicals industry distribution chart, Black Rose Industries ranks #134 out of 1570 companies for Altman Z-Score. This places Black Rose Industries in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.12. Black Rose Industries' value of 13.16 is 321.8% above this benchmark. Historically, Black Rose Industries' own Altman Z-Score has ranged from 1.58 to 19.87 over the past decade. While the company's 10-year median is 10.81 vs. the industry median of 3.12, Black Rose 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.12, based on 1,570 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. Black Rose Industries's current Altman Z-Score of 13.16 is 321.8% 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 Black Rose Industries and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Rose Industries's current Altman Z-Score is 13.16, which is 22% above median its own 10-year median of 10.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Rose Industries stock overvalued right now?
Based on GuruFocus' analysis, Black Rose Industries (NSE:BLACKROSE) is currently considered Fairly Valued. The stock's GF Value™ is ₹113.71, compared to a current price of ₹114.31 — trading 0.5% above its estimated fair value. The current Altman Z-Score is 13.16, which is 22% above median its 10-year median of 10.81 and 321.8% above the Chemicals industry median of 3.12. Black Rose Industries' overall GF Score™ is 57/100 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 Black Rose Industries (NSE:BLACKROSE), the current Altman Z-Score is 13.16 as of Aug. 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 Black Rose Industries (NSE:BLACKROSE) Overvalued in 2026?
Based on GuruFocus' analysis, Black Rose Industries stock appears to be overvalued.
The current stock price of ₹114.31 is trading 0.5% above its estimated GF Value™ of ₹113.71.
GuruFocus considers Black Rose Industries to be Fairly Valued.
Key valuation signals for NSE:BLACKROSE:
Altman Z-Score: 13.16 (22% above median its 10-year median of 10.81)
GF Value™: ₹113.71 vs. price of ₹114.31 (0.5% above fair value)
Industry Position: 321.8% above the Chemicals median (#134 of 1570)
No single metric tells the full story. See the NSE:BLACKROSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Rose Industries Ltd is engaged in the business of chemical distribution and chemical manufacturing. It operates through two segments: Chemicals and Others. The Chemical distribution business consists mainly of import and sales of specialty and performance chemicals. Its product offerings consist of specialty chemicals, flocculants, cyanoacrylate adhesives, polymer additives, and acrylamide among others. The majority of the company's revenue is generated from the Chemicals segment. Geographically, the company caters to both the Indian and the international markets and derives maximum revenue from its customers located outside India.
57GF Score
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