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 3.42 is strong.
Diamond Power Infrastructure has a Altman Z-Score of 3.63, 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 Diamond Power Infrastructure's Altman Z-Score or its related term are showing as below:
NSE:DIACABS'
s Altman Z-Score Range Over the Past 10 Years
Min: -2.54 Med: -0.91 Max: 3.42
Current: 3.42
During the past 13 years, Diamond Power Infrastructure's highest Altman Z-Score was 3.42. The lowest was -2.54. And the median was -0.91.
Diamond Power Infrastructure (NSE:DIACABS) 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.
* 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:DIACABS vs GEV, ETN, PH: Altman Z-Score Comparison
For the Specialty Industrial Machinery subindustry, Diamond Power Infrastructure'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.
Diamond Power Infrastructure Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Diamond Power Infrastructure's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Diamond Power Infrastructure's Altman Z-Score falls into.
Diamond Power Infrastructure 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.
* 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.
Diamond Power Infrastructure (NSE:DIACABS) has a Altman Z-Score of 3.63 as of Jul. 07, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Diamond Power Infrastructure and its competitors. According to the industry distribution chart, Diamond Power Infrastructure ranks #1493 out of 3007 companies in the Industrial Products industry, placing it in the top 49.7%.
Is Diamond Power Infrastructure's Altman Z-Score too high?
Diamond Power Infrastructure's current Altman Z-Score is 3.63. The Industrial Products industry median Altman Z-Score is 3.40. Diamond Power Infrastructure's value of 3.63 is 6.8% above this industry median. Based on the distribution chart, Diamond Power Infrastructure ranks #1493 out of 3007 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Diamond Power Infrastructure has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Diamond Power Infrastructure's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Diamond Power Infrastructure ranks #1493 out of 3007 companies for Altman Z-Score. This puts Diamond Power Infrastructure in the upper half of its industry. The industry median Altman Z-Score is 3.40. Diamond Power Infrastructure's value of 3.63 is 6.8% 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.40, 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. Diamond Power Infrastructure's current Altman Z-Score of 3.63 is 6.8% 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 Diamond Power Infrastructure and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diamond Power Infrastructure's current Altman Z-Score is 3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diamond Power Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Diamond Power Infrastructure (NSE:DIACABS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹265.82, compared to a current price of ₹218.77 — trading 17.7% below its estimated fair value. The current Altman Z-Score is 3.63 and 6.8% above the Industrial Products industry median of 3.40. Diamond Power Infrastructure's overall GF Score™ is 61/100 with 4 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 Diamond Power Infrastructure (NSE:DIACABS), the current Altman Z-Score is 3.63 as of Jul. 07, 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.
Is Diamond Power Infrastructure (NSE:DIACABS) Overvalued in 2026?
Based on GuruFocus' analysis, Diamond Power Infrastructure stock appears to be undervalued.
The current stock price of ₹218.77 is trading 17.7% below its estimated GF Value™ of ₹265.82.
GuruFocus considers Diamond Power Infrastructure to be Modestly Undervalued.
Key valuation signals for NSE:DIACABS:
Altman Z-Score: 3.63
GF Value™: ₹265.82 vs. price of ₹218.77 (17.7% below fair value)
Industry Position: 6.8% above the Industrial Products median (#1493 of 3007)
No single metric tells the full story. See the NSE:DIACABS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Diamond Power Infrastructure Ltd is a manufacturer of power transmission equipment and a turnkey service, provider. The firm produces flexible wires and cables of various voltage grades, conductors, transformers, transmission towers, control, and relay panels, isolators, and engineering, procurement, and construction. The conductors include aluminum conductors, all aluminum alloy conductors, aluminum conductor steel reinforced, aluminum conductor alloy reinforced, and high conductivity alloy conductors. The existing capacities of the firm are in aluminum and alloy rods, alloy, and aluminum conductor steel-reinforced conductors, high tension cable and specialty cables, and power transformers.
61GF Score
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