Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Castrol IndiaNSE:CASTROLIND -0.27%82 Altman Z-Score is 11.19 as of Jul. 27, 2026, which is 9% below its 10-year median of 12.25. GuruFocus rates NSE:CASTROLIND with a GF Score™ of 82/100 and a GF Value™ of ₹217.18 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 898 Oil & Gas companies, Castrol India ranks better than 95.88% 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 11.19 is strong.
Castrol India has a Altman Z-Score of 11.19, 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 Castrol India's Altman Z-Score or its related term are showing as below:
NSE:CASTROLIND'
s Altman Z-Score Range Over the Past 10 Years
Min: 8.28 Med: 12.25 Max: 18.63
Current: 11.19
During the past 13 years, Castrol India's highest Altman Z-Score was 18.63. The lowest was 8.28. And the median was 12.25.
Castrol India (NSE:CASTROLIND) 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.
Castrol India Altman Z-Score Related Terms
Castrol India Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Castrol India'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:CASTROLIND vs MPC, VLO, PSX: Altman Z-Score Comparison
For the Oil & Gas Refining & Marketing subindustry, Castrol India'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.
Castrol India Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Castrol India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Castrol India'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.
Castrol India'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
*
0.2758
+
1.4
*
0.3796
+
3.3
*
0.3834
+
0.6
*
12.2337
+
1.0
*
1.7216
=
11.19
* 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.
Castrol India (NSE:CASTROLIND) has a Altman Z-Score of 11.19 as of Jul. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Castrol India and its competitors. This is near median its historical median of 12.25. Over the past decade, Castrol India's Altman Z-Score has ranged from 8.28 to 18.63. According to the industry distribution chart, Castrol India ranks #37 out of 898 companies in the Oil & Gas industry, placing it in the top 4.1%.
Is Castrol India's Altman Z-Score too high?
Castrol India's current Altman Z-Score of 11.19 is near median its 10-year median of 12.25. Over the past 10 years, this metric has ranged from a low of 8.28 to a high of 18.63. The Oil & Gas industry median Altman Z-Score is 1.95. Castrol India's value of 11.19 is 473.8% above this industry median. Based on the distribution chart, Castrol India ranks #37 out of 898 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Castrol India has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Castrol India's Altman Z-Score compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Castrol India ranks #37 out of 898 companies for Altman Z-Score. This places Castrol India in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.95. Castrol India's value of 11.19 is 473.8% above this benchmark. Historically, Castrol India's own Altman Z-Score has ranged from 8.28 to 18.63 over the past decade. While the company's 10-year median is 12.25 vs. the industry median of 1.95, Castrol India 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 Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.95, based on 898 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. Castrol India's current Altman Z-Score of 11.19 is 473.8% 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 Castrol India and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Castrol India's current Altman Z-Score is 11.19, which is near median its own 10-year median of 12.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Castrol India stock overvalued right now?
Based on GuruFocus' analysis, Castrol India (NSE:CASTROLIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹217.18, compared to a current price of ₹184.79 — trading 14.9% below its estimated fair value. The current Altman Z-Score is 11.19, which is near median its 10-year median of 12.25 and 473.8% above the Oil & Gas industry median of 1.95. Castrol India's overall GF Score™ is 82/100 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 Castrol India (NSE:CASTROLIND), the current Altman Z-Score is 11.19 as of Jul. 27, 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 Castrol India (NSE:CASTROLIND) Overvalued in 2026?
Based on GuruFocus' analysis, Castrol India stock appears to be undervalued.
The current stock price of ₹184.79 is trading 14.9% below its estimated GF Value™ of ₹217.18.
GuruFocus considers Castrol India to be Modestly Undervalued.
Key valuation signals for NSE:CASTROLIND:
Altman Z-Score: 11.19 (near median its 10-year median of 12.25)
GF Value™: ₹217.18 vs. price of ₹184.79 (14.9% below fair value)
Industry Position: 473.8% above the Oil & Gas median (#37 of 898)
No single metric tells the full story. See the NSE:CASTROLIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Castrol India Ltd is principally engaged in the manufacturing and marketing of automotive and industrial lubricants and related services. It sells its products under the Castrol brand. The company's reportable business segment consists of a single segment: lubricants. The majority of all revenue comes from India.
82GF Score
Get the complete analysis for NSE:CASTROLIND
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:CASTROLIND has been successfully added to your 
