B L Kashyap and Sons (NSE:BLKASHYAP) Altman Z-Score: 1.84 (As of Jul. 11, 2026) — 25% Above Median


NSE:BLKASHYAP B L Kashyap and Sons Ltd NSE:BLKASHYAP
74 GF Score
Price ₹55.26
GF Value ₹83.03
Valuation Significantly Undervalued
! 4 Warning Signs
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What is B L Kashyap and Sons Altman Z-Score?

B L Kashyap and Sons NSE:BLKASHYAP +4.80% 74 Altman Z-Score is 1.84 as of Jul. 11, 2026, which is 25% above its 10-year median of 1.47. GuruFocus rates NSE:BLKASHYAP with a GF Score™ of 74/100 and a GF Value™ of ₹83.03 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,755 Construction companies, B L Kashyap and Sons ranks worse than 61.2% 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 1.84 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.

B L Kashyap and Sons has a Altman Z-Score of 1.84, indicating it is in Grey Zones. This implies that B L Kashyap and Sons 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 B L Kashyap and Sons's Altman Z-Score or its related term are showing as below:

NSE:BLKASHYAP' s Altman Z-Score Range Over the Past 10 Years
Min: 0.58   Med: 1.47   Max: 2.46
Current: 1.84

During the past 13 years, B L Kashyap and Sons's highest Altman Z-Score was 2.46. The lowest was 0.58. And the median was 1.47.


B L Kashyap and Sons  (NSE:BLKASHYAP) 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.


B L Kashyap and Sons Altman Z-Score Related Terms


B L Kashyap and Sons Altman Z-Score Historical Data

* Premium members only.

The historical data trend for B L Kashyap and Sons'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.

B L Kashyap and Sons Altman Z-Score Chart

B L Kashyap and Sons Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 1.82 2.46 2.08 1.69

B L Kashyap and Sons Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.08 2.21 1.90 1.86 1.69

NSE:BLKASHYAP vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, B L Kashyap and Sons'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.


B L Kashyap and Sons Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, B L Kashyap and Sons's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where B L Kashyap and Sons's Altman Z-Score falls into.


NSE:BLKASHYAP
74GF Score
B L Kashyap and Sons Ltd NSE:BLKASHYAP
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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B L Kashyap and Sons 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.

B L Kashyap and Sons'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*0.1764+1.4*0+3.3*0.0426+0.6*1.093+1.0*0.83
=1.84

* 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 ₹16,616 Mil.
Total Current Assets was ₹12,613 Mil.
Total Current Liabilities was ₹9,682 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was -108.27 + 158.258 + 77.262 + 145.823 = ₹273 Mil.
Interest Expense was -118.282 + -100.292 + -108.932 + -106.771 = ₹-434 Mil.
Revenue was 3637.127 + 3238.732 + 3551.272 + 3364.235 = ₹13,791 Mil.
Market Cap (Today) was ₹12,404 Mil.
Total Liabilities was ₹11,349 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
=(12612.931 - 9682.189)/16616.425
=0.1764

X2=Retained Earnings/Total Assets
=0/16616.425
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(273.073 - -434.277)/16616.425
=0.0426

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=12403.709/11348.819
=1.093

X5=Revenue/Total Assets
=13791.366/16616.425
=0.83

The zones of discrimination were as such:

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

B L Kashyap and Sons has a Altman Z-Score of 1.84 indicating it is in Grey 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 1.84 mean?
B L Kashyap and Sons (NSE:BLKASHYAP) has a Altman Z-Score of 1.84 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on B L Kashyap and Sons and its competitors. This is 25% above median its historical median of 1.47. Over the past decade, B L Kashyap and Sons' Altman Z-Score has ranged from 0.58 to 2.46. According to the industry distribution chart, B L Kashyap and Sons ranks #1074 out of 1755 companies in the Construction industry, placing it in the top 61.2%.
Is B L Kashyap and Sons' Altman Z-Score too high?
B L Kashyap and Sons' current Altman Z-Score of 1.84 is 25% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 2.46. The Construction industry median Altman Z-Score is 2.33. B L Kashyap and Sons' value of 1.84 is 21% below this industry median. Based on the distribution chart, B L Kashyap and Sons ranks #1074 out of 1755 companies in the Construction industry, which is below the industry midpoint. Overall, B L Kashyap and Sons has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does B L Kashyap and Sons' Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, B L Kashyap and Sons ranks #1074 out of 1755 companies for Altman Z-Score. This places B L Kashyap and Sons in the lower half of its industry. The industry median Altman Z-Score is 2.33. B L Kashyap and Sons' value of 1.84 is 21% below this benchmark. Historically, B L Kashyap and Sons' own Altman Z-Score has ranged from 0.58 to 2.46 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 2.33, B L Kashyap and Sons has consistently been below 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 Construction company?
The median Altman Z-Score among Construction companies is 2.33, based on 1,755 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. B L Kashyap and Sons's current Altman Z-Score of 1.84 is 21% 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 B L Kashyap and Sons and its competitors. For the Construction industry, the median Altman Z-Score is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B L Kashyap and Sons's current Altman Z-Score is 1.84, which is 25% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B L Kashyap and Sons stock overvalued right now?
Based on GuruFocus' analysis, B L Kashyap and Sons (NSE:BLKASHYAP) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹83.03, compared to a current price of ₹55.26 — trading 33.4% below its estimated fair value. The current Altman Z-Score is 1.84, which is 25% above median its 10-year median of 1.47 and 21% below the Construction industry median of 2.33. B L Kashyap and Sons' overall GF Score™ is 74/100 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 B L Kashyap and Sons (NSE:BLKASHYAP), the current Altman Z-Score is 1.84 as of Jul. 11, 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 B L Kashyap and Sons (NSE:BLKASHYAP) Overvalued in 2026?

Based on GuruFocus' analysis, B L Kashyap and Sons stock appears to be undervalued. The current stock price of ₹55.26 is trading 33.4% below its estimated GF Value™ of ₹83.03. GuruFocus considers B L Kashyap and Sons to be Significantly Undervalued.

Key valuation signals for NSE:BLKASHYAP:

  • Altman Z-Score: 1.84 (25% above median its 10-year median of 1.47)
  • GF Value™: ₹83.03 vs. price of ₹55.26 (33.4% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 21% below the Construction median (#1074 of 1755)

No single metric tells the full story. See the NSE:BLKASHYAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


B L Kashyap and Sons Business Description

Other Exchanges 532719:India
Address DLF Tower-A, Jasola, 409, 4th Floor, New Delhi, IND, 110025
B L Kashyap and Sons Ltd is an India based company, engages in construction and infrastructure development activities. It provides construction solutions and services in various sectors, such as factories and manufacturing facilities, information technology campuses, commercial and residential complexes, schools and colleges, retail malls/multiplexes, hotels, and hospitals. The company has one reportable business segment which is Civil Construction Services and it mainly operates in India.
74GF Score

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

₹55.26
Price
₹83.03
GF Value