Globe Civil Projects (NSE:GLOBECIVIL) Altman Z-Score: 1.97 (As of Jul. 01, 2026) — Near Median


NSE:GLOBECIVIL Globe Civil Projects Ltd NSE:GLOBECIVIL
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What is Globe Civil Projects Altman Z-Score?

Globe Civil Projects NSE:GLOBECIVIL -4.19% 13 Altman Z-Score is 1.97 as of Jul. 01, 2026, which is 4% above its 10-year median of 1.89. GuruFocus rates NSE:GLOBECIVIL with a GF Score™ of 13/100. The stock has 4 warning signs investors should review. Among 1,751 Construction companies, Globe Civil Projects ranks worse than 57% 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 2 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Globe Civil Projects has a Altman Z-Score of 1.97, indicating it is in Grey Zones. This implies that Globe Civil Projects is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Globe Civil Projects's Altman Z-Score or its related term are showing as below:

NSE:GLOBECIVIL' s Altman Z-Score Range Over the Past 10 Years
Min: 1.89   Med: 1.89   Max: 2
Current: 2

During the past 5 years, Globe Civil Projects's highest Altman Z-Score was 2.00. The lowest was 1.89. And the median was 1.89.


Globe Civil Projects  (NSE:GLOBECIVIL) 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.


Globe Civil Projects Altman Z-Score Related Terms


Globe Civil Projects Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Globe Civil Projects'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.

Globe Civil Projects Altman Z-Score Chart

Globe Civil Projects Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
0.00 0.00 0.00 0.00 1.89

Globe Civil Projects Quarterly Data
Mar22 Mar23 Mar24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 2.45 2.05 1.89

NSE:GLOBECIVIL vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, Globe Civil Projects'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.


Globe Civil Projects Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, Globe Civil Projects's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Globe Civil Projects's Altman Z-Score falls into.


NSE:GLOBECIVIL
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Globe Civil Projects Ltd NSE:GLOBECIVIL
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Globe Civil Projects 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.

Globe Civil Projects'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*0.3507+1.4*0+3.3*0.0958+0.6*0.8117+1.0*0.7504
=1.97

* 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 ₹5,406 Mil.
Total Current Assets was ₹4,734 Mil.
Total Current Liabilities was ₹2,838 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 79.9 + 79.84 + 85.23 + 68.12 = ₹313 Mil.
Interest Expense was -66.34 + -48.83 + -46.53 + -42.94 = ₹-205 Mil.
Revenue was 1431.8 + 1014.27 + 937.58 + 673.5 = ₹4,057 Mil.
Market Cap (Today) was ₹2,457 Mil.
Total Liabilities was ₹3,028 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
=(4733.95 - 2837.98)/5406.33
=0.3507

X2=Retained Earnings/Total Assets
=0/5406.33
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(313.09 - -204.64)/5406.33
=0.0958

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2457.437/3027.66
=0.8117

X5=Revenue/Total Assets
=4057.15/5406.33
=0.7504

The zones of discrimination were as such:

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

Globe Civil Projects has a Altman Z-Score of 1.97 indicating it is in Grey 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 1.97 mean?
Globe Civil Projects (NSE:GLOBECIVIL) has a Altman Z-Score of 1.97 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Globe Civil Projects and its competitors. This is near median its historical median of 1.89. Over the past decade, Globe Civil Projects' Altman Z-Score has ranged from 1.89 to 2.00. According to the industry distribution chart, Globe Civil Projects ranks #998 out of 1751 companies in the Construction industry, placing it in the top 57%.
Is Globe Civil Projects' Altman Z-Score too high?
Globe Civil Projects' current Altman Z-Score of 1.97 is near median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 2.00. The Construction industry median Altman Z-Score is 2.33. Globe Civil Projects' value of 1.97 is 15.5% below this industry median. Based on the distribution chart, Globe Civil Projects ranks #998 out of 1751 companies in the Construction industry, which is below the industry midpoint. Overall, Globe Civil Projects has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Globe Civil Projects' Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Globe Civil Projects ranks #998 out of 1751 companies for Altman Z-Score. This places Globe Civil Projects in the lower half of its industry. The industry median Altman Z-Score is 2.33. Globe Civil Projects' value of 1.97 is 15.5% below this benchmark. Historically, Globe Civil Projects' own Altman Z-Score has ranged from 1.89 to 2.00 over the past decade. While the company's 10-year median is 1.89 vs. the industry median of 2.33, Globe Civil Projects 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 Construction company?
The median Altman Z-Score among Construction companies is 2.33, based on 1,751 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. Globe Civil Projects's current Altman Z-Score of 1.97 is 15.5% 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 Globe Civil Projects and its competitors. For the Construction industry, the median Altman Z-Score is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Globe Civil Projects's current Altman Z-Score is 1.97, which is near median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Globe Civil Projects stock overvalued right now?
Globe Civil Projects (NSE:GLOBECIVIL) has a current Altman Z-Score of 1.97. The current Altman Z-Score is 1.97, which is near median its 10-year median of 1.89 and 15.5% below the Construction industry median of 2.33. Globe Civil Projects' overall GF Score™ is 13/100 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 Globe Civil Projects (NSE:GLOBECIVIL), the current Altman Z-Score is 1.97 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.

Globe Civil Projects Business Description

Other Exchanges 544424:India
Address D-40, Okhla Industrial Area, Phase-I, New Delhi, IND, 110020
Globe Civil Projects Ltd is an integrated engineering, procurement, and construction (EPC) company. It is engaged in the execution and construction of infrastructure projects comprising Transport and Logistics projects, Social and Commercial projects, and Non-Infrastructure projects comprising commercial offices and housing. It has diversified in undertaking specialized infrastructure and non-infrastructure projects, such as railway bridges, airport terminals, elevated railway terminals, and hospitals.
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