Clear Secured Services (NSE:CSSL) Altman Z-Score: 4.21 (As of Jun. 27, 2026)


NSE:CSSL Clear Secured Services Ltd NSE:CSSL
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What is Clear Secured Services Altman Z-Score?

Clear Secured Services NSE:CSSL -1.97% 13 Altman Z-Score is 4.21 as of Jun. 27, 2026. GuruFocus rates NSE:CSSL with a GF Score™ of 13/100. The stock has 1 warning sign investors should review. Among 1,060 Business Services companies, Clear Secured Services ranks better than 65.66% 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 4.21 is strong.

Clear Secured Services has a Altman Z-Score of 4.21, 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 Clear Secured Services's Altman Z-Score or its related term are showing as below:

NSE:CSSL' s Altman Z-Score Range Over the Past 10 Years
Min: 0   Med: 0   Max: 4.21
Current: 4.21

During the past 3 years, Clear Secured Services's highest Altman Z-Score was 4.21. The lowest was 0.00. And the median was 0.00.


Clear Secured Services  (NSE:CSSL) 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.


Clear Secured Services Altman Z-Score Related Terms


Clear Secured Services Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Clear Secured Services'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.

Clear Secured Services Altman Z-Score Chart

Clear Secured Services Annual Data
Trend Mar23 Mar24 Mar25
Altman Z-Score
0.00 0.00 0.00

Clear Secured Services Semi-Annual Data
Mar23 Mar24 Mar25
Altman Z-Score 0.00 0.00 0.00

NSE:CSSL vs KFY, RHI, TNET: Altman Z-Score Comparison

For the Staffing & Employment Services subindustry, Clear Secured Services'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.


Clear Secured Services Altman Z-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Clear Secured Services's Altman Z-Score distribution charts can be found below:

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


NSE:CSSL
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Clear Secured Services Ltd NSE:CSSL
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Clear Secured Services 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.

Clear Secured Services'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*0.2301+1.4*0.3683+3.3*0.1406+0.6*1.6061+1.0*1.9921
=4.21

* 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. 2025:
Total Assets was ₹2,637 Mil.
Total Current Assets was ₹1,883 Mil.
Total Current Liabilities was ₹1,276 Mil.
Retained Earnings was ₹971 Mil.
Pre-Tax Income was ₹268 Mil.
Interest Expense was ₹-102 Mil.
Revenue was ₹5,252 Mil.
Market Cap (Today) was ₹2,333 Mil.
Total Liabilities was ₹1,452 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
=(1883.111 - 1276.473)/2636.54
=0.2301

X2=Retained Earnings/Total Assets
=971.038/2636.54
=0.3683

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(268.159 - -102.418)/2636.54
=0.1406

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2332.570/1452.327
=1.6061

X5=Revenue/Total Assets
=5252.259/2636.54
=1.9921

The zones of discrimination were as such:

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

Clear Secured Services has a Altman Z-Score of 4.21 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 4.21 mean?
Clear Secured Services (NSE:CSSL) has a Altman Z-Score of 4.21 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Clear Secured Services and its competitors. According to the industry distribution chart, Clear Secured Services ranks #364 out of 1060 companies in the Business Services industry, placing it in the top 34.3%.
Is Clear Secured Services' Altman Z-Score too high?
Clear Secured Services' current Altman Z-Score is 4.21. The Business Services industry median Altman Z-Score is 2.97. Clear Secured Services' value of 4.21 is 41.8% above this industry median. Based on the distribution chart, Clear Secured Services ranks #364 out of 1060 companies in the Business Services industry, which is above the industry midpoint. Overall, Clear Secured Services has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Clear Secured Services' Altman Z-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Clear Secured Services ranks #364 out of 1060 companies for Altman Z-Score. This puts Clear Secured Services in the upper half of its industry. The industry median Altman Z-Score is 2.97. Clear Secured Services' value of 4.21 is 41.8% 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.97, based on 1,060 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. Clear Secured Services's current Altman Z-Score of 4.21 is 41.8% 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 Clear Secured Services and its competitors. For the Business Services industry, the median Altman Z-Score is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clear Secured Services's current Altman Z-Score is 4.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clear Secured Services stock overvalued right now?
Clear Secured Services (NSE:CSSL) has a current Altman Z-Score of 4.21. The current Altman Z-Score is 4.21 and 41.8% above the Business Services industry median of 2.97. Clear Secured Services' overall GF Score™ is 13/100 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 Clear Secured Services (NSE:CSSL), the current Altman Z-Score is 4.21 as of Jun. 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.

Clear Secured Services Business Description

Address Corporate Park Sion Trombay Road, VN Purav Marg, Block No.15, Swastik Park, Chembur, Mumbai, MH, IND, 400071
Clear Secured Services Ltd provides a range of services aimed at improving operational efficiency and supporting business functions across different sectors. The company specializes in Integrated Facility Management (IFM), offering both soft services - such as housekeeping, security services, payment management services, and staffing services - and hard services, including electro-mechanical services, repair and maintenance services, facade cleaning and pest control services. The company also operates in the Trading of Agro products and the Manufacturing of Iron and Steel Products. It generates the majority of revenue by providing its services-Facility Management.
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