Danish PowerNSE:DANISH -6.40%21 Altman Z-Score is 14.64 as of Jul. 04, 2026, which is 16% above its 10-year median of 12.61. GuruFocus rates NSE:DANISH with a GF Score™ of 21/100. The stock has 6 warning signs investors should review. Among 3,007 Industrial Products companies, Danish Power ranks better than 93.61% 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 15.5 is strong.
Danish Power has a Altman Z-Score of 14.64, 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 Danish Power's Altman Z-Score or its related term are showing as below:
NSE:DANISH'
s Altman Z-Score Range Over the Past 10 Years
Min: 12.61 Med: 12.61 Max: 15.5
Current: 15.5
During the past 4 years, Danish Power's highest Altman Z-Score was 15.50. The lowest was 12.61. And the median was 12.61.
Danish Power (NSE:DANISH) 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.
Danish Power Altman Z-Score Related Terms
Danish Power Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Danish Power'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.
Danish Power Altman Z-Score Chart
Danish Power Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Altman Z-Score
0.00
0.00
0.00
12.61
Danish Power Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Altman Z-Score
0.00
0.00
0.00
12.61
NSE:DANISH vs VRT, BE: Altman Z-Score Comparison
For the Electrical Equipment & Parts subindustry, Danish Power'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.
Danish Power Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Danish Power's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Danish Power'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.
Danish Power'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
*
0.5769
+
1.4
*
0.2997
+
3.3
*
0.1922
+
0.6
*
19.7943
+
1.0
*
1.0204
=
14.64
* 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.
Danish Power (NSE:DANISH) has a Altman Z-Score of 14.64 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Danish Power and its competitors. This is 16% above median its historical median of 12.61. Over the past decade, Danish Power's Altman Z-Score has ranged from 12.61 to 15.50. According to the industry distribution chart, Danish Power ranks #192 out of 3007 companies in the Industrial Products industry, placing it in the top 6.4%.
Is Danish Power's Altman Z-Score too high?
Danish Power's current Altman Z-Score of 14.64 is 16% above median its 10-year median of 12.61. Over the past 10 years, this metric has ranged from a low of 12.61 to a high of 15.50. The Industrial Products industry median Altman Z-Score is 3.35. Danish Power's value of 14.64 is 337% above this industry median. Based on the distribution chart, Danish Power ranks #192 out of 3007 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Danish Power has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Danish Power's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Danish Power ranks #192 out of 3007 companies for Altman Z-Score. This places Danish Power in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.35. Danish Power's value of 14.64 is 337% above this benchmark. Historically, Danish Power's own Altman Z-Score has ranged from 12.61 to 15.50 over the past decade. While the company's 10-year median is 12.61 vs. the industry median of 3.35, Danish Power 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 Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.35, based on 3,007 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. Danish Power's current Altman Z-Score of 14.64 is 337% 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 Danish Power and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Danish Power's current Altman Z-Score is 14.64, which is 16% above median its own 10-year median of 12.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Danish Power stock overvalued right now?
Danish Power (NSE:DANISH) has a current Altman Z-Score of 14.64. The current Altman Z-Score is 14.64, which is 16% above median its 10-year median of 12.61 and 337% above the Industrial Products industry median of 3.35. Danish Power's overall GF Score™ is 21/100 with 6 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 Danish Power (NSE:DANISH), the current Altman Z-Score is 14.64 as of Jul. 04, 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.
Danish Power Ltd is a manufacturer of power equipment specializing in transformers, panels, automation, and substations, serving both Indian and international markets. The company operates through two business segments: Transformers and Panels, with the Transformers segment accounting for the majority of its revenue. Its product portfolio includes power transformers up to 100 MVA 245 kV, distribution transformers up to 5 MVA 33 kV, dry-type cast resin transformers, inverter duty and wind turbine generator transformers, special application transformers, control relay panels with substation automation (up to 400 kV), compact and pad-mounted substations, and traction transformers. The company derives the majority of its revenue from the domestic market.
21GF Score
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