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HOAC Foods IndiaNSE:HOACFOODS +1.71%49 Altman Z-Score is 17.80 as of Jul. 18, 2026, which is 93% above its 10-year median of 9.22. GuruFocus rates NSE:HOACFOODS with a GF Score™ of 49/100. The stock has 6 warning signs investors should review. Among 1,934 Consumer Packaged Goods companies, HOAC Foods India ranks better than 96.43% 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 18.13 is strong.
HOAC Foods India has a Altman Z-Score of 17.80, 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 HOAC Foods India's Altman Z-Score or its related term are showing as below:
NSE:HOACFOODS'
s Altman Z-Score Range Over the Past 10 Years
Min: 6.45 Med: 9.22 Max: 18.13
Current: 18.13
During the past 6 years, HOAC Foods India's highest Altman Z-Score was 18.13. The lowest was 6.45. And the median was 9.22.
HOAC Foods India (NSE:HOACFOODS) 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.
Altman Z-Score does not apply to financial companies.
HOAC Foods India Altman Z-Score Related Terms
HOAC Foods India Altman Z-Score Historical Data
* Premium members only.
The historical data trend for HOAC Foods India'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.
NSE:HOACFOODS vs ADM, BG, TSN: Altman Z-Score Comparison
For the Farm Products subindustry, HOAC Foods India'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.
HOAC Foods India Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, HOAC Foods India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where HOAC Foods India'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.
HOAC Foods India'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
*
0.5809
+
1.4
*
0
+
3.3
*
0.1932
+
0.6
*
25.1017
+
1.0
*
1.4088
=
17.80
* 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.
HOAC Foods India (NSE:HOACFOODS) has a Altman Z-Score of 17.80 as of Jul. 18, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on HOAC Foods India and its competitors. This is 93% above median its historical median of 9.22. Over the past decade, HOAC Foods India's Altman Z-Score has ranged from 6.45 to 18.13. According to the industry distribution chart, HOAC Foods India ranks #69 out of 1934 companies in the Consumer Packaged Goods industry, placing it in the top 3.6%.
Is HOAC Foods India's Altman Z-Score too high?
HOAC Foods India's current Altman Z-Score of 17.80 is 93% above median its 10-year median of 9.22. Over the past 10 years, this metric has ranged from a low of 6.45 to a high of 18.13. The Consumer Packaged Goods industry median Altman Z-Score is 2.86. HOAC Foods India's value of 17.80 is 522.4% above this industry median. Based on the distribution chart, HOAC Foods India ranks #69 out of 1934 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, HOAC Foods India has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does HOAC Foods India's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, HOAC Foods India ranks #69 out of 1934 companies for Altman Z-Score. This places HOAC Foods India in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.86. HOAC Foods India's value of 17.80 is 522.4% above this benchmark. Historically, HOAC Foods India's own Altman Z-Score has ranged from 6.45 to 18.13 over the past decade. While the company's 10-year median is 9.22 vs. the industry median of 2.86, HOAC Foods India 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 a Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.86, based on 1,934 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. HOAC Foods India's current Altman Z-Score of 17.80 is 522.4% 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 HOAC Foods India and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HOAC Foods India's current Altman Z-Score is 17.80, which is 93% above median its own 10-year median of 9.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HOAC Foods India stock overvalued right now?
HOAC Foods India (NSE:HOACFOODS) has a current Altman Z-Score of 17.80. The current Altman Z-Score is 17.80, which is 93% above median its 10-year median of 9.22 and 522.4% above the Consumer Packaged Goods industry median of 2.86. HOAC Foods India's overall GF Score™ is 49/100 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 HOAC Foods India (NSE:HOACFOODS), the current Altman Z-Score is 17.80 as of Jul. 18, 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.
HOAC Foods India Ltd is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil. Its product portfolio is comprised of 4 categories which include products such as Spices & Herbs, Oil, Wheat Flour (Chakki Atta) & Healthy Flour, Pulses, Rice & Grain, and other food products with 153 product SKUs. The company sells its product under the brand name "HARIOM," and majority of the sales are derived from the Delhi-NCR region. The franchise network comprises 4 company-owned outlets and 6 franchise-owned outlets.
49GF Score
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