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.
Dhansa LabsNSE:DHANSA +4.27%37 Altman Z-Score is 2.30 as of Aug. 10, 2026, which is 11% below its 10-year median of 2.59. GuruFocus rates NSE:DHANSA with a GF Score™ of 37/100. The stock has 12 warning signs investors should review. Among 248 Agriculture companies, Dhansa Labs ranks worse than 60.48% 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.
Warning Sign:
Altman Z-score of 2.3 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Dhansa Labs has a Altman Z-Score of 2.30, indicating it is in Grey Zones. This implies that Dhansa Labs is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Dhansa Labs's Altman Z-Score or its related term are showing as below:
NSE:DHANSA'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.25 Med: 2.59 Max: 2.92
Current: 2.3
During the past 6 years, Dhansa Labs's highest Altman Z-Score was 2.92. The lowest was 2.25. And the median was 2.59.
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.
Dhansa Labs Altman Z-Score Related Terms
Dhansa Labs Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Dhansa Labs'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:DHANSA vs CTVA, CF, MOS: Altman Z-Score Comparison
For the Agricultural Inputs subindustry, Dhansa Labs'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.
Dhansa Labs Altman Z-Score vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Dhansa Labs's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Dhansa Labs'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.
Dhansa Labs'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
*
0.4538
+
1.4
*
0
+
3.3
*
0.0664
+
0.6
*
0.9942
+
1.0
*
0.9378
=
2.30
* 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.
Dhansa Labs (NSE:DHANSA) has a Altman Z-Score of 2.30 as of Aug. 10, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dhansa Labs and its competitors. This is 11% below median its historical median of 2.59. Over the past decade, Dhansa Labs' Altman Z-Score has ranged from 2.25 to 2.92. According to the industry distribution chart, Dhansa Labs ranks #150 out of 248 companies in the Agriculture industry, placing it in the top 60.5%.
Is Dhansa Labs' Altman Z-Score too high?
Dhansa Labs' current Altman Z-Score of 2.30 is 11% below median its 10-year median of 2.59. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 2.92. The Agriculture industry median Altman Z-Score is 2.71. Dhansa Labs' value of 2.30 is 15% below this industry median. Based on the distribution chart, Dhansa Labs ranks #150 out of 248 companies in the Agriculture industry, which is below the industry midpoint. Overall, Dhansa Labs has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Dhansa Labs' Altman Z-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Dhansa Labs ranks #150 out of 248 companies for Altman Z-Score. This places Dhansa Labs in the lower half of its industry. The industry median Altman Z-Score is 2.71. Dhansa Labs' value of 2.30 is 15% below this benchmark. Historically, Dhansa Labs' own Altman Z-Score has ranged from 2.25 to 2.92 over the past decade. While the company's 10-year median is 2.59 vs. the industry median of 2.71, Dhansa Labs has consistently been below 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 Agriculture company?
The median Altman Z-Score among Agriculture companies is 2.71, based on 248 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. Dhansa Labs's current Altman Z-Score of 2.30 is 15% below 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 Dhansa Labs and its competitors. For the Agriculture industry, the median Altman Z-Score is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dhansa Labs's current Altman Z-Score is 2.30, which is 11% below median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dhansa Labs stock overvalued right now?
Dhansa Labs (NSE:DHANSA) has a current Altman Z-Score of 2.30. The current Altman Z-Score is 2.30, which is 11% below median its 10-year median of 2.59 and 15% below the Agriculture industry median of 2.71. Dhansa Labs' overall GF Score™ is 37/100 with 12 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 Dhansa Labs (NSE:DHANSA), the current Altman Z-Score is 2.30 as of Aug. 10, 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.
Dhansa Labs Ltd, formerly Ambey Laboratories Ltd manufactures agrochemical products focused on crop protection, specializing in 2,4-D base chemicals. The company operates a certified manufacturing facility in Rajasthan, adhering to high environmental, health, and safety standards. It serves customers through the production and supply of herbicides, insecticides, and fungicides used in agriculture. Revenue is generated through sales to large corporate clients and distributors, supporting crop protection efforts globally. Additionally, the company is part of a broader group with divisions in FMCG and natural gums, contributing to a diversified business model.
37GF Score
Get the complete analysis for NSE:DHANSA
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:DHANSA has been successfully added to your 
