Ecoline EximNSE:ECOLINE 18 Altman Z-Score is 7.73 as of Jul. 02, 2026. GuruFocus rates NSE:ECOLINE with a GF Score™ of 18/100. The stock has 6 warning signs investors should review. Among 1,030 Manufacturing - Apparel & Accessories companies, Ecoline Exim ranks better than 91.65% 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 7.85 is strong.
Ecoline Exim has a Altman Z-Score of 7.73, 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 Ecoline Exim's Altman Z-Score or its related term are showing as below:
NSE:ECOLINE'
s Altman Z-Score Range Over the Past 10 Years
Min: 0 Med: 0 Max: 7.85
Current: 7.85
During the past 3 years, Ecoline Exim's highest Altman Z-Score was 7.85. The lowest was 0.00. And the median was 0.00.
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.
Ecoline Exim Altman Z-Score Related Terms
Ecoline Exim Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Ecoline Exim'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.
Ecoline Exim Altman Z-Score Chart
Ecoline Exim Annual Data
Trend
Mar23
Mar24
Mar25
Altman Z-Score
0.00
0.00
0.00
Ecoline Exim Semi-Annual Data
Mar23
Mar24
Mar25
Altman Z-Score
0.00
0.00
0.00
NSE:ECOLINE vs NKE, DECK, ONON: Altman Z-Score Comparison
For the Footwear & Accessories subindustry, Ecoline Exim'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.
Ecoline Exim Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ecoline Exim's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Ecoline Exim'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.
Ecoline Exim'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
*
0.3988
+
1.4
*
0.4627
+
3.3
*
0.1855
+
0.6
*
7.0911
+
1.0
*
1.7362
=
7.73
* 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.
Ecoline Exim (NSE:ECOLINE) has a Altman Z-Score of 7.73 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ecoline Exim and its competitors. According to the industry distribution chart, Ecoline Exim ranks #86 out of 1030 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 8.3%.
Is Ecoline Exim's Altman Z-Score too high?
Ecoline Exim's current Altman Z-Score is 7.73. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.51. Ecoline Exim's value of 7.73 is 208.6% above this industry median. Based on the distribution chart, Ecoline Exim ranks #86 out of 1030 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Ecoline Exim has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Ecoline Exim's Altman Z-Score compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Ecoline Exim ranks #86 out of 1030 companies for Altman Z-Score. This places Ecoline Exim in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.51. Ecoline Exim's value of 7.73 is 208.6% 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 a Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.51, based on 1,030 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. Ecoline Exim's current Altman Z-Score of 7.73 is 208.6% 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 Ecoline Exim and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecoline Exim's current Altman Z-Score is 7.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecoline Exim stock overvalued right now?
Ecoline Exim (NSE:ECOLINE) has a current Altman Z-Score of 7.73. The current Altman Z-Score is 7.73 and 208.6% above the Manufacturing - Apparel & Accessories industry median of 2.51. Ecoline Exim's overall GF Score™ is 18/100 with 6 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 Ecoline Exim (NSE:ECOLINE), the current Altman Z-Score is 7.73 as of Jul. 02, 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.
Ecoline Exim Ltd is engaged in the manufacturing of a wide range of sustainable packaging and promotional bags made out of cotton and jute. The company is engaged in the export of these bags globally. It exports its products to more than 27 countries. Its export market is the European Union, the USA, Japan, Southeast Asia, and Mexico etc. The company offers a variety of eco-conscious cotton and jute bags. Its offerings include: Recycled Cotton Bags, Organic Cotton Bags, Fairtrade Cotton Bags, Conventional Cotton Bags, and Jute Bags.
18GF Score
Get the complete analysis for NSE:ECOLINE
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:ECOLINE has been successfully added to your 