DCG Cables & Wires (NSE:DCG) Altman Z-Score: 3.43 (As of Jul. 01, 2026) — Near Median


NSE:DCG DCG Cables & Wires Ltd NSE:DCG
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What is DCG Cables & Wires Altman Z-Score?

DCG Cables & Wires NSE:DCG -1.19% 17 Altman Z-Score is 3.43 as of Jul. 01, 2026, which is 3% below its 10-year median of 3.55. GuruFocus rates NSE:DCG with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 3,006 Industrial Products companies, DCG Cables & Wires ranks better than 52.03% 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 3.5 is strong.

DCG Cables & Wires has a Altman Z-Score of 3.43, 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 DCG Cables & Wires's Altman Z-Score or its related term are showing as below:

NSE:DCG' s Altman Z-Score Range Over the Past 10 Years
Min: 3.5   Med: 3.55   Max: 3.55
Current: 3.5

During the past 5 years, DCG Cables & Wires's highest Altman Z-Score was 3.55. The lowest was 3.50. And the median was 3.55.


DCG Cables & Wires  (NSE:DCG) 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.


DCG Cables & Wires Altman Z-Score Related Terms


DCG Cables & Wires Altman Z-Score Historical Data

* Premium members only.

The historical data trend for DCG Cables & Wires'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.

DCG Cables & Wires Altman Z-Score Chart

DCG Cables & Wires Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Altman Z-Score
0.00 0.00 0.00 0.00 3.55

DCG Cables & Wires Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Altman Z-Score 0.00 0.00 0.00 0.00 3.55

NSE:DCG vs VRT, BE: Altman Z-Score Comparison

For the Electrical Equipment & Parts subindustry, DCG Cables & Wires'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.


DCG Cables & Wires Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, DCG Cables & Wires's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where DCG Cables & Wires's Altman Z-Score falls into.


NSE:DCG
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DCG Cables & Wires Ltd NSE:DCG
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DCG Cables & Wires 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.

DCG Cables & Wires'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*0.3339+1.4*0.1323+3.3*0.1175+0.6*2.3429+1.0*1.0548
=3.43

* 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 ₹1,209 Mil.
Total Current Assets was ₹790 Mil.
Total Current Liabilities was ₹386 Mil.
Retained Earnings was ₹160 Mil.
Pre-Tax Income was ₹114 Mil.
Interest Expense was ₹-28 Mil.
Revenue was ₹1,276 Mil.
Market Cap (Today) was ₹979 Mil.
Total Liabilities was ₹418 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
=(789.646 - 385.889)/1209.39
=0.3339

X2=Retained Earnings/Total Assets
=160.037/1209.39
=0.1323

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(113.855 - -28.251)/1209.39
=0.1175

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=979.171/417.929
=2.3429

X5=Revenue/Total Assets
=1275.613/1209.39
=1.0548

The zones of discrimination were as such:

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

DCG Cables & Wires has a Altman Z-Score of 3.43 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 3.43 mean?
DCG Cables & Wires (NSE:DCG) has a Altman Z-Score of 3.43 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on DCG Cables & Wires and its competitors. This is near median its historical median of 3.55. Over the past decade, DCG Cables & Wires' Altman Z-Score has ranged from 3.50 to 3.55. According to the industry distribution chart, DCG Cables & Wires ranks #1442 out of 3006 companies in the Industrial Products industry, placing it in the top 48%.
Is DCG Cables & Wires' Altman Z-Score too high?
DCG Cables & Wires' current Altman Z-Score of 3.43 is near median its 10-year median of 3.55. Over the past 10 years, this metric has ranged from a low of 3.50 to a high of 3.55. The Industrial Products industry median Altman Z-Score is 3.34. DCG Cables & Wires' value of 3.43 is 2.7% above this industry median. Based on the distribution chart, DCG Cables & Wires ranks #1442 out of 3006 companies in the Industrial Products industry, which is above the industry midpoint. Overall, DCG Cables & Wires has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does DCG Cables & Wires' Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, DCG Cables & Wires ranks #1442 out of 3006 companies for Altman Z-Score. This puts DCG Cables & Wires in the upper half of its industry. The industry median Altman Z-Score is 3.34. DCG Cables & Wires' value of 3.43 is 2.7% above this benchmark. Historically, DCG Cables & Wires' own Altman Z-Score has ranged from 3.50 to 3.55 over the past decade. While the company's 10-year median is 3.55 vs. the industry median of 3.34, DCG Cables & Wires 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 3.34, based on 3,006 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. DCG Cables & Wires's current Altman Z-Score of 3.43 is 2.7% 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 DCG Cables & Wires and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DCG Cables & Wires's current Altman Z-Score is 3.43, which is near median its own 10-year median of 3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DCG Cables & Wires stock overvalued right now?
DCG Cables & Wires (NSE:DCG) has a current Altman Z-Score of 3.43. The current Altman Z-Score is 3.43, which is near median its 10-year median of 3.55 and 2.7% above the Industrial Products industry median of 3.34. DCG Cables & Wires' overall GF Score™ is 17/100 with 3 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 DCG Cables & Wires (NSE:DCG), the current Altman Z-Score is 3.43 as of Jul. 01, 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.

DCG Cables & Wires Business Description

Address Survey no 741, Near Atul Green Bricks, Bhayala, Bavla, Ahmedabad, GJ, IND, 382415
DCG Cables & Wires Ltd is a manufacturer of copper cables and wires. It focus is on manufacturing of different types of copper cables which finds application in Transformers that consists of Copper Strips, Paper Covered Copper Strips and Wires (Kraft/Crepe/Nomex/Mica) Bare Copper Wires and Strips, Copper Tapes and Fiber Glass Copper. It also provide paper-covered copper conductors in both rectangular and round shapes, as well as multi-paper-covered copper conductors and connection cables designed specifically for transformers.
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