D P Wires (NSE:DPWIRES) Altman Z-Score: 10.02 (As of Jul. 04, 2026) — 34% Above Median


NSE:DPWIRES D P Wires Ltd NSE:DPWIRES
62 GF Score
Price ₹183.64
GF Value ₹190.50
Valuation Fairly Valued
! 4 Warning Signs
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What is D P Wires Altman Z-Score?

D P Wires NSE:DPWIRES -1.46% 62 Altman Z-Score is 10.02 as of Jul. 04, 2026, which is 34% above its 10-year median of 7.49. GuruFocus rates NSE:DPWIRES with a GF Score™ of 62/100 and a GF Value™ of ₹190.50 (Fairly Valued). The stock has 4 warning signs investors should review. Among 3,007 Industrial Products companies, D P Wires ranks better than 89.49% 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 11.27 is strong.

D P Wires has a Altman Z-Score of 10.02, 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 D P Wires's Altman Z-Score or its related term are showing as below:

NSE:DPWIRES' s Altman Z-Score Range Over the Past 10 Years
Min: 3.6   Med: 7.49   Max: 17.16
Current: 11.27

During the past 13 years, D P Wires's highest Altman Z-Score was 17.16. The lowest was 3.60. And the median was 7.49.


D P Wires  (NSE:DPWIRES) 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.


D P Wires Altman Z-Score Related Terms


D P Wires Altman Z-Score Historical Data

* Premium members only.

The historical data trend for D P 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.

D P Wires Altman Z-Score Chart

D P Wires Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.52 11.27 17.16 7.27 7.70

D P Wires Quarterly Data
Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.27 7.82 13.61 11.57 7.70

NSE:DPWIRES vs CRS, ATI, MLI: Altman Z-Score Comparison

For the Metal Fabrication subindustry, D P 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.


D P Wires Altman Z-Score vs Industrial Products Industry

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

* The bar in red indicates where D P Wires's Altman Z-Score falls into.


NSE:DPWIRES
62GF Score
D P Wires Ltd NSE:DPWIRES
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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D P 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.

D P 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*0.4351+1.4*0+3.3*0.0864+0.6*12.5725+1.0*1.666
=10.02

* 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 ₹2,886 Mil.
Total Current Assets was ₹1,475 Mil.
Total Current Liabilities was ₹219 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 130.067 + 43.253 + 16.94 + 48.769 = ₹239 Mil.
Interest Expense was -2.282 + -2.097 + -2.573 + -3.465 = ₹-10 Mil.
Revenue was 1292.616 + 952.855 + 1300.482 + 1261.353 = ₹4,807 Mil.
Market Cap (Today) was ₹2,834 Mil.
Total Liabilities was ₹225 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
=(1474.574 - 219.165)/2885.6
=0.4351

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(239.029 - -10.417)/2885.6
=0.0864

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2833.625/225.383
=12.5725

X5=Revenue/Total Assets
=4807.306/2885.6
=1.666

The zones of discrimination were as such:

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

D P Wires has a Altman Z-Score of 10.02 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 10.02 mean?
D P Wires (NSE:DPWIRES) has a Altman Z-Score of 10.02 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on D P Wires and its competitors. This is 34% above median its historical median of 7.49. Over the past decade, D P Wires' Altman Z-Score has ranged from 3.60 to 17.16. According to the industry distribution chart, D P Wires ranks #316 out of 3007 companies in the Industrial Products industry, placing it in the top 10.5%.
Is D P Wires' Altman Z-Score too high?
D P Wires' current Altman Z-Score of 10.02 is 34% above median its 10-year median of 7.49. Over the past 10 years, this metric has ranged from a low of 3.60 to a high of 17.16. The Industrial Products industry median Altman Z-Score is 3.35. D P Wires' value of 10.02 is 199.1% above this industry median. Based on the distribution chart, D P Wires ranks #316 out of 3007 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, D P Wires has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does D P Wires' Altman Z-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, D P Wires ranks #316 out of 3007 companies for Altman Z-Score. This places D P Wires in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.35. D P Wires' value of 10.02 is 199.1% above this benchmark. Historically, D P Wires' own Altman Z-Score has ranged from 3.60 to 17.16 over the past decade. While the company's 10-year median is 7.49 vs. the industry median of 3.35, D P 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 3.35, 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. D P Wires's current Altman Z-Score of 10.02 is 199.1% 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 D P Wires 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. D P Wires's current Altman Z-Score is 10.02, which is 34% above median its own 10-year median of 7.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D P Wires stock overvalued right now?
Based on GuruFocus' analysis, D P Wires (NSE:DPWIRES) is currently considered Fairly Valued. The stock's GF Value™ is ₹190.50, compared to a current price of ₹183.64 — trading 3.6% below its estimated fair value. The current Altman Z-Score is 10.02, which is 34% above median its 10-year median of 7.49 and 199.1% above the Industrial Products industry median of 3.35. D P Wires' overall GF Score™ is 62/100 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 D P Wires (NSE:DPWIRES), the current Altman Z-Score is 10.02 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.

Is D P Wires (NSE:DPWIRES) Overvalued in 2026?

Based on GuruFocus' analysis, D P Wires stock appears to be undervalued. The current stock price of ₹183.64 is trading 3.6% below its estimated GF Value™ of ₹190.50. GuruFocus considers D P Wires to be Fairly Valued.

Key valuation signals for NSE:DPWIRES:

  • Altman Z-Score: 10.02 (34% above median its 10-year median of 7.49)
  • GF Value™: ₹190.50 vs. price of ₹183.64 (3.6% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 199.1% above the Industrial Products median (#316 of 3007)

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


D P Wires Business Description

Other Exchanges 543962:India
Address 16-18A, Industrial Estate, Ratlam, MP, IND, 457001
D P Wires Ltd is engaged in the manufacturing and supply of Steel wires and plastic films. The company operates in four segments: the Wire Division, which generates the majority of revenue; the Plastic Product Division; the Trading Division; and the Power Division. The wire division is engaged in the manufacturing of Steel Wires that is Stranded Wires, UnGalvanised Wires, and others. The products of the company are used in industries like oil & gas, power, environment, civil, energy, automobile, and infrastructure.
62GF Score

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

₹183.64
Price
₹190.50
GF Value