Everest Kanto Cylinder (NSE:EKC) Altman Z-Score: 3.16 (As of Jul. 04, 2026) — Near Median


NSE:EKC Everest Kanto Cylinder Ltd NSE:EKC
79 GF Score
Price ₹117.77
GF Value ₹147.92
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Everest Kanto Cylinder Altman Z-Score?

Everest Kanto Cylinder NSE:EKC -0.72% 79 Altman Z-Score is 3.16 as of Jul. 04, 2026, which is 3% above its 10-year median of 3.08. GuruFocus rates NSE:EKC with a GF Score™ of 79/100 and a GF Value™ of ₹147.92 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,007 Industrial Products companies, Everest Kanto Cylinder ranks worse than 52.21% 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 3.2 is strong.

Everest Kanto Cylinder has a Altman Z-Score of 3.16, 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 Everest Kanto Cylinder's Altman Z-Score or its related term are showing as below:

NSE:EKC' s Altman Z-Score Range Over the Past 10 Years
Min: 1.46   Med: 3.08   Max: 7.21
Current: 3.2

During the past 13 years, Everest Kanto Cylinder's highest Altman Z-Score was 7.21. The lowest was 1.46. And the median was 3.08.


Everest Kanto Cylinder  (NSE:EKC) 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.


Everest Kanto Cylinder Altman Z-Score Related Terms


Everest Kanto Cylinder Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Everest Kanto Cylinder'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.

Everest Kanto Cylinder Altman Z-Score Chart

Everest Kanto Cylinder 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 7.21 3.88 5.16 4.32 2.79

Everest Kanto Cylinder Quarterly Data
Jun21 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 4.32 4.74 3.99 3.55 2.79

NSE:EKC vs GEV, ETN, PH: Altman Z-Score Comparison

For the Specialty Industrial Machinery subindustry, Everest Kanto Cylinder'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.


Everest Kanto Cylinder Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Everest Kanto Cylinder's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Everest Kanto Cylinder's Altman Z-Score falls into.


NSE:EKC
79GF Score
Everest Kanto Cylinder Ltd NSE:EKC
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Everest Kanto Cylinder 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.

Everest Kanto Cylinder'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*0.3975+1.4*0+3.3*0.0919+0.6*2.6783+1.0*0.7765
=3.16

* 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 ₹18,939 Mil.
Total Current Assets was ₹10,279 Mil.
Total Current Liabilities was ₹2,751 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 227.7 + 505.1 + 209.2 + 654.3 = ₹1,596 Mil.
Interest Expense was -40.1 + -25.7 + -40 + -39.1 = ₹-145 Mil.
Revenue was 3582 + 3651.1 + 3603.8 + 3868.8 = ₹14,706 Mil.
Market Cap (Today) was ₹13,235 Mil.
Total Liabilities was ₹4,942 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
=(10279.1 - 2751.2)/18939.3
=0.3975

X2=Retained Earnings/Total Assets
=0/18939.3
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1596.3 - -144.9)/18939.3
=0.0919

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=13234.896/4941.5
=2.6783

X5=Revenue/Total Assets
=14705.7/18939.3
=0.7765

The zones of discrimination were as such:

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

Everest Kanto Cylinder has a Altman Z-Score of 3.16 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 3.16 mean?
Everest Kanto Cylinder (NSE:EKC) has a Altman Z-Score of 3.16 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Everest Kanto Cylinder and its competitors. This is near median its historical median of 3.08. Over the past decade, Everest Kanto Cylinder's Altman Z-Score has ranged from 1.46 to 7.21. According to the industry distribution chart, Everest Kanto Cylinder ranks #1570 out of 3007 companies in the Industrial Products industry, placing it in the top 52.2%.
Is Everest Kanto Cylinder's Altman Z-Score too high?
Everest Kanto Cylinder's current Altman Z-Score of 3.16 is near median its 10-year median of 3.08. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 7.21. The Industrial Products industry median Altman Z-Score is 3.35. Everest Kanto Cylinder's value of 3.16 is 5.7% below this industry median. Based on the distribution chart, Everest Kanto Cylinder ranks #1570 out of 3007 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Everest Kanto Cylinder has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Everest Kanto Cylinder's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Everest Kanto Cylinder ranks #1570 out of 3007 companies for Altman Z-Score. This places Everest Kanto Cylinder in the lower half of its industry. The industry median Altman Z-Score is 3.35. Everest Kanto Cylinder's value of 3.16 is 5.7% below this benchmark. Historically, Everest Kanto Cylinder's own Altman Z-Score has ranged from 1.46 to 7.21 over the past decade. While the company's 10-year median is 3.08 vs. the industry median of 3.35, Everest Kanto Cylinder 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 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. Everest Kanto Cylinder's current Altman Z-Score of 3.16 is 5.7% 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 Everest Kanto Cylinder 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. Everest Kanto Cylinder's current Altman Z-Score is 3.16, which is near median its own 10-year median of 3.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Everest Kanto Cylinder stock overvalued right now?
Based on GuruFocus' analysis, Everest Kanto Cylinder (NSE:EKC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹147.92, compared to a current price of ₹117.77 — trading 20.4% below its estimated fair value. The current Altman Z-Score is 3.16, which is near median its 10-year median of 3.08 and 5.7% below the Industrial Products industry median of 3.35. Everest Kanto Cylinder's overall GF Score™ is 79/100 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 Everest Kanto Cylinder (NSE:EKC), the current Altman Z-Score is 3.16 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 Everest Kanto Cylinder (NSE:EKC) Overvalued in 2026?

Based on GuruFocus' analysis, Everest Kanto Cylinder stock appears to be undervalued. The current stock price of ₹117.77 is trading 20.4% below its estimated GF Value™ of ₹147.92. GuruFocus considers Everest Kanto Cylinder to be Modestly Undervalued.

Key valuation signals for NSE:EKC:

  • Altman Z-Score: 3.16 (near median its 10-year median of 3.08)
  • GF Value™: ₹147.92 vs. price of ₹117.77 (20.4% below fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 5.7% below the Industrial Products median (#1570 of 3007)

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


Everest Kanto Cylinder Business Description

Other Exchanges 532684:India
Address Free Press Journal Marg, 204, Raheja Centre, 214, Nariman Point, Mumbai, MH, IND, 400021
Everest Kanto Cylinder Ltd manufactures and fabricates metal products, except machinery and equipment. The firm is also engaged in the manufacture of high-pressure seamless gas cylinders and other cylinders, equipment, appliances, and tanks with their parts and accessories used for containing and storage of liquefied petroleum gases and other gases, liquids, and air. Its products include Industrial Cylinders, Billet Cylinders, Plate Cylinders, compressed natural gas (CNG) Cylinders, Breathing Air cylinders, Medical Cylinders, Beverage Cylinders, and Accumulators. The company also offers a range of allied products, such as Cylinder Valves, Valve Protection Guards; Protection Caps, Trolleys, Medical Equipment, and seamless cylinders for fire-fighting. Maximum of its revenue comes from India.
79GF Score

Get the complete analysis for NSE:EKC

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

₹117.77
Price
₹147.92
GF Value