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Clay Craft IndiaNSE:CLAYCRAFT -3.30%20 Altman Z-Score is 4.68 as of Aug. 13, 2026. GuruFocus rates NSE:CLAYCRAFT with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 430 Furnishings, Fixtures & Appliances companies, Clay Craft India ranks better than 77.67% 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 4.9 is strong.
Clay Craft India has a Altman Z-Score of 4.68, 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 Clay Craft India's Altman Z-Score or its related term are showing as below:
NSE:CLAYCRAFT'
s Altman Z-Score Range Over the Past 10 Years
Min: 0 Med: 0 Max: 4.9
Current: 4.9
During the past 4 years, Clay Craft India's highest Altman Z-Score was 4.90. The lowest was 0.00. And the median was 0.00.
Clay Craft India (NSE:CLAYCRAFT) 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.
Clay Craft India Altman Z-Score Related Terms
Clay Craft India Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Clay Craft 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.
Clay Craft India Altman Z-Score Chart
Clay Craft India Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Altman Z-Score
0.00
0.00
0.00
0.00
Clay Craft India Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Altman Z-Score
0.00
0.00
0.00
0.00
NSE:CLAYCRAFT vs SN, SGI, MHK: Altman Z-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Clay Craft 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.
Clay Craft India Altman Z-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Clay Craft India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Clay Craft 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.
Clay Craft 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
*
0.2609
+
1.4
*
0.5986
+
3.3
*
0.1595
+
0.6
*
3.8272
+
1.0
*
0.7032
=
4.68
* 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.
Clay Craft India (NSE:CLAYCRAFT) has a Altman Z-Score of 4.68 as of Aug. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Clay Craft India and its competitors. According to the industry distribution chart, Clay Craft India ranks #96 out of 430 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 22.3%.
Is Clay Craft India's Altman Z-Score too high?
Clay Craft India's current Altman Z-Score is 4.68. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.84. Clay Craft India's value of 4.68 is 65.1% above this industry median. Based on the distribution chart, Clay Craft India ranks #96 out of 430 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Clay Craft India has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Clay Craft India's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Clay Craft India ranks #96 out of 430 companies for Altman Z-Score. This places Clay Craft India in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.84. Clay Craft India's value of 4.68 is 65.1% above this benchmark. 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.84, based on 430 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. Clay Craft India's current Altman Z-Score of 4.68 is 65.1% 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 Clay Craft India and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clay Craft India's current Altman Z-Score is 4.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clay Craft India stock overvalued right now?
Clay Craft India (NSE:CLAYCRAFT) has a current Altman Z-Score of 4.68. The current Altman Z-Score is 4.68 and 65.1% above the Furnishings, Fixtures & Appliances industry median of 2.84. Clay Craft India's overall GF Score™ is 20/100 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 Clay Craft India (NSE:CLAYCRAFT), the current Altman Z-Score is 4.68 as of Aug. 13, 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.
Clay Craft India Ltd operates as a manufacturer and distributor of ceramic tableware products in India, engaged in the design, development, production, and sale of a wide range of ceramic tableware including dinner sets, tea and coffee serving sets, mugs, tumblers, platters, bowls, and table top accessories. It serves various retail consumers, institutional buyers, and the hospitality industry. The company markets its products under the brands Clay Craft and JCPL. It also offers customized ceramic solutions for corporate and institutional clients based on specific requirements and has developed a product range for the HoReCa (Hotel, Restaurant, and Catering) segment. The majority of the company's revenue is derived from the sale of its products, mainly from Mugs and Dinnerware.
20GF Score
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