Gensol Engineering (NSE:GENSOL) Altman Z-Score: 0.93 (As of Jul. 13, 2026)


NSE:GENSOL Gensol Engineering Ltd NSE:GENSOL
65 GF Score
Price ₹20.32
View Full Analysis

What is Gensol Engineering Altman Z-Score?

Gensol Engineering NSE:GENSOL 65 Altman Z-Score is 0.93 as of Jul. 13, 2026. GuruFocus rates NSE:GENSOL with a GF Score™ of 65/100.

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.

Gensol Engineering has a Altman Z-Score of 0.93, 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 Gensol Engineering's Altman Z-Score or its related term are showing as below:


Gensol Engineering  (NSE:GENSOL) 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.


Gensol Engineering Altman Z-Score Related Terms


Gensol Engineering Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Gensol Engineering'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.

Gensol Engineering Altman Z-Score Chart

Gensol Engineering Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Altman Z-Score
Get a 7-Day Free Trial 3.03 3.08 2.76 1.83 1.81

Gensol Engineering Quarterly Data
Mar17 Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.62 1.81 2.08 1.83 1.79

NSE:GENSOL vs FSLR, NXT, RUN: Altman Z-Score Comparison

For the Solar subindustry, Gensol Engineering'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.


Gensol Engineering Altman Z-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Gensol Engineering's Altman Z-Score distribution charts can be found below:

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


NSE:GENSOL
65GF Score
Gensol Engineering Ltd NSE:GENSOL
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gensol Engineering 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.

Gensol Engineering'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*0.088+1.4*0+3.3*0.1129+0.6*0.0401+1.0*0.423
=0.93

* 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 Dec. 2024:
Total Assets was ₹25,518 Mil.
Total Current Assets was ₹10,475 Mil.
Total Current Liabilities was ₹8,230 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 159.7 + 248.4 + 269.3 + 34.9 = ₹712 Mil.
Interest Expense was -470.4 + -880.1 + -460.7 + -357.3 = ₹-2,169 Mil.
Revenue was 3445.1 + 3464.9 + 2951.5 + 932.1 = ₹10,794 Mil.
Market Cap (Today) was ₹781 Mil.
Total Liabilities was ₹19,503 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
=(10475 - 8230.2)/25518.4
=0.088

X2=Retained Earnings/Total Assets
=0/25518.4
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(712.3 - -2168.5)/25518.4
=0.1129

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=781.230/19503.4
=0.0401

X5=Revenue/Total Assets
=10793.6/25518.4
=0.423

The zones of discrimination were as such:

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

Gensol Engineering has a Altman Z-Score of 0.93 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 0.93 mean?
Gensol Engineering (NSE:GENSOL) has a Altman Z-Score of 0.93 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Gensol Engineering and its competitors.
Is Gensol Engineering's Altman Z-Score too high?
Gensol Engineering's current Altman Z-Score is 0.93. The Semiconductors industry median Altman Z-Score is 5.40. Gensol Engineering's value of 0.93 is 82.8% below this industry median. Overall, Gensol Engineering has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Gensol Engineering's Altman Z-Score compare to FSLR and NXT?
Gensol Engineering's Altman Z-Score of 0.93 can be compared against companies in the Semiconductors industry. The industry median Altman Z-Score is 5.40. Gensol Engineering's value of 0.93 is 82.8% below 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 Semiconductors company?
The median Altman Z-Score among Semiconductors companies is 5.40, based on 1,016 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. Gensol Engineering's current Altman Z-Score of 0.93 is 82.8% 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 Gensol Engineering and its competitors. For the Semiconductors industry, the median Altman Z-Score is 5.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gensol Engineering's current Altman Z-Score is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gensol Engineering stock overvalued right now?
Gensol Engineering (NSE:GENSOL) has a current Altman Z-Score of 0.93. The current Altman Z-Score is 0.93 and 82.8% below the Semiconductors industry median of 5.40. Gensol Engineering's overall GF Score™ is 65/100. 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 Gensol Engineering (NSE:GENSOL), the current Altman Z-Score is 0.93 as of Jul. 13, 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.

Gensol Engineering Business Description

Address S G Road, Block - A, 15th Floor, Westgate Business Bay, Jivraj Park, Makarba, Ahmedabad, GJ, IND, 380051
Gensol Engineering Ltd is a renewable energy solutions provider focused on end-to-end solar engineering, procurement, and construction projects. It is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across various countries, including India. The company has two operating segments namely Engineering, advisory & EPC of Solar Power Projects, and Leasing of cars. It generates the majority of its revenue from the Engineering, advisory & EPC of Solar Power Projects segment.
65GF Score

Get the complete analysis for NSE:GENSOL

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

₹20.32
Price