Dollex Agrotech (NSE:DOLLEX) Altman Z-Score: 1.13 (As of Jul. 01, 2026) — 13% Above Median


NSE:DOLLEX Dollex Agrotech Ltd NSE:DOLLEX
77 GF Score
Price ₹30.10
GF Value ₹44.86
Valuation Possible Value Trap
! 9 Warning Signs
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What is Dollex Agrotech Altman Z-Score?

Dollex Agrotech NSE:DOLLEX 77 Altman Z-Score is 1.13 as of Jul. 01, 2026, which is 13% above its 10-year median of 1.00. GuruFocus rates NSE:DOLLEX with a GF Score™ of 77/100 and a GF Value™ of ₹44.86 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,928 Consumer Packaged Goods companies, Dollex Agrotech ranks worse than 82.68% 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 1.13 is in distress zone. This implies bankruptcy possibility in the next two years.

Dollex Agrotech has a Altman Z-Score of 1.13, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Dollex Agrotech's Altman Z-Score or its related term are showing as below:

NSE:DOLLEX' s Altman Z-Score Range Over the Past 10 Years
Min: 0.67   Med: 1   Max: 1.75
Current: 1.13

During the past 7 years, Dollex Agrotech's highest Altman Z-Score was 1.75. The lowest was 0.67. And the median was 1.00.


Dollex Agrotech  (NSE:DOLLEX) 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.


Dollex Agrotech Altman Z-Score Related Terms


Dollex Agrotech Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Dollex Agrotech'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.

Dollex Agrotech Altman Z-Score Chart

Dollex Agrotech Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.82 0.67 1.75 1.17

Dollex Agrotech Quarterly Data
Mar20 Mar21 Mar22 Jun22 Sep22 Mar23 Sep23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.75 1.74 1.67 1.62 1.17

NSE:DOLLEX vs MDLZ, HSY, TR: Altman Z-Score Comparison

For the Confectioners subindustry, Dollex Agrotech'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.


Dollex Agrotech Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dollex Agrotech's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Dollex Agrotech's Altman Z-Score falls into.


NSE:DOLLEX
77GF Score
Dollex Agrotech Ltd NSE:DOLLEX
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dollex Agrotech 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.

Dollex Agrotech'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*0.2532+1.4*0+3.3*0.0346+0.6*0.2763+1.0*0.5433
=1.13

* 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. 2026:
Total Assets was ₹4,144 Mil.
Total Current Assets was ₹2,559 Mil.
Total Current Liabilities was ₹1,510 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 62.608 + 17.436 + 6.238 + 19.975 = ₹106 Mil.
Interest Expense was -8.486 + -10.837 + -9.386 + -8.259 = ₹-37 Mil.
Revenue was 1085.904 + 272.337 + 531.231 + 362.105 = ₹2,252 Mil.
Market Cap (Today) was ₹803 Mil.
Total Liabilities was ₹2,905 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
=(2558.927 - 1509.761)/4144.384
=0.2532

X2=Retained Earnings/Total Assets
=0/4144.384
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(106.257 - -36.968)/4144.384
=0.0346

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=802.649/2904.642
=0.2763

X5=Revenue/Total Assets
=2251.577/4144.384
=0.5433

The zones of discrimination were as such:

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

Dollex Agrotech has a Altman Z-Score of 1.13 indicating it is in Distress 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 1.13 mean?
Dollex Agrotech (NSE:DOLLEX) has a Altman Z-Score of 1.13 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dollex Agrotech and its competitors. This is 13% above median its historical median of 1.00. Over the past decade, Dollex Agrotech's Altman Z-Score has ranged from 0.67 to 1.75. According to the industry distribution chart, Dollex Agrotech ranks #1594 out of 1928 companies in the Consumer Packaged Goods industry, placing it in the top 82.7%.
Is Dollex Agrotech's Altman Z-Score too high?
Dollex Agrotech's current Altman Z-Score of 1.13 is 13% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.75. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Dollex Agrotech's value of 1.13 is 60.1% below this industry median. Based on the distribution chart, Dollex Agrotech ranks #1594 out of 1928 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Dollex Agrotech has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dollex Agrotech's Altman Z-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Dollex Agrotech ranks #1594 out of 1928 companies for Altman Z-Score. This places Dollex Agrotech in the lower half of its industry. The industry median Altman Z-Score is 2.83. Dollex Agrotech's value of 1.13 is 60.1% below this benchmark. Historically, Dollex Agrotech's own Altman Z-Score has ranged from 0.67 to 1.75 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 2.83, Dollex Agrotech 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 a Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,928 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. Dollex Agrotech's current Altman Z-Score of 1.13 is 60.1% 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 Dollex Agrotech and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dollex Agrotech's current Altman Z-Score is 1.13, which is 13% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dollex Agrotech stock overvalued right now?
Based on GuruFocus' analysis, Dollex Agrotech (NSE:DOLLEX) is currently considered Possible Value Trap. The stock's GF Value™ is ₹44.86, compared to a current price of ₹30.10 — trading 32.9% below its estimated fair value. The current Altman Z-Score is 1.13, which is 13% above median its 10-year median of 1.00 and 60.1% below the Consumer Packaged Goods industry median of 2.83. Dollex Agrotech's overall GF Score™ is 77/100 with 9 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 Dollex Agrotech (NSE:DOLLEX), the current Altman Z-Score is 1.13 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.

Is Dollex Agrotech (NSE:DOLLEX) Overvalued in 2026?

Based on GuruFocus' analysis, Dollex Agrotech stock appears to be undervalued. The current stock price of ₹30.10 is trading 32.9% below its estimated GF Value™ of ₹44.86. GuruFocus considers Dollex Agrotech to be Possible Value Trap.

Key valuation signals for NSE:DOLLEX:

  • Altman Z-Score: 1.13 (13% above median its 10-year median of 1.00)
  • GF Value™: ₹44.86 vs. price of ₹30.10 (32.9% below fair value)
  • GF Score™: 77/100 with 9 warning signs
  • Industry Position: 60.1% below the Consumer Packaged Goods median (#1594 of 1928)

No single metric tells the full story. See the NSE:DOLLEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dollex Agrotech Business Description

Address 19/1 Manorama Ganj, 205, Naroli Arcade, Near Palasia Square, Indore, MP, IND, 452001
Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company produces and sells its primary products, which include jaggery powder, khandsari sugar, and sells by-products such as molasses, press mud, and bagasse. The bagasse generated produces power, enabling captive power generation up to 3 MW. The company operates through two segments: trading and manufacturing, with the manufacturing segment generating the maximum revenue.
77GF Score

Get the complete analysis for NSE:DOLLEX

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹30.10
Price
₹44.86
GF Value