Honasa ConsumerNSE:HONASA +0.59%57 Altman Z-Score is 15.24 as of Jul. 09, 2026, which is 47% above its 10-year median of 10.35. GuruFocus rates NSE:HONASA with a GF Score™ of 57/100 and a GF Value™ of ₹363.32 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,928 Consumer Packaged Goods companies, Honasa Consumer ranks better than 95.49% 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 15.06 is strong.
Honasa Consumer has a Altman Z-Score of 15.24, 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 Honasa Consumer's Altman Z-Score or its related term are showing as below:
NSE:HONASA'
s Altman Z-Score Range Over the Past 10 Years
Min: 9.18 Med: 10.35 Max: 16.6
Current: 15.06
During the past 7 years, Honasa Consumer's highest Altman Z-Score was 16.60. The lowest was 9.18. And the median was 10.35.
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.
Honasa Consumer Altman Z-Score Related Terms
Honasa Consumer Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Honasa Consumer'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:HONASA vs PG, CL, KVUE: Altman Z-Score Comparison
For the Household & Personal Products subindustry, Honasa Consumer'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.
Honasa Consumer Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Honasa Consumer's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Honasa Consumer'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.
Honasa Consumer'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
*
0.1867
+
1.4
*
0
+
3.3
*
0.1292
+
0.6
*
22.4146
+
1.0
*
1.1431
=
15.24
* 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.
Honasa Consumer (NSE:HONASA) has a Altman Z-Score of 15.24 as of Jul. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Honasa Consumer and its competitors. This is 47% above median its historical median of 10.35. Over the past decade, Honasa Consumer's Altman Z-Score has ranged from 9.18 to 16.60. According to the industry distribution chart, Honasa Consumer ranks #87 out of 1928 companies in the Consumer Packaged Goods industry, placing it in the top 4.5%.
Is Honasa Consumer's Altman Z-Score too high?
Honasa Consumer's current Altman Z-Score of 15.24 is 47% above median its 10-year median of 10.35. Over the past 10 years, this metric has ranged from a low of 9.18 to a high of 16.60. The Consumer Packaged Goods industry median Altman Z-Score is 2.86. Honasa Consumer's value of 15.24 is 433.8% above this industry median. Based on the distribution chart, Honasa Consumer ranks #87 out of 1928 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Honasa Consumer has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honasa Consumer's Altman Z-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Honasa Consumer ranks #87 out of 1928 companies for Altman Z-Score. This places Honasa Consumer in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.86. Honasa Consumer's value of 15.24 is 433.8% above this benchmark. Historically, Honasa Consumer's own Altman Z-Score has ranged from 9.18 to 16.60 over the past decade. While the company's 10-year median is 10.35 vs. the industry median of 2.86, Honasa Consumer 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 1,928 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. Honasa Consumer's current Altman Z-Score of 15.24 is 433.8% 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 Honasa Consumer 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. Honasa Consumer's current Altman Z-Score is 15.24, which is 47% above median its own 10-year median of 10.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honasa Consumer stock overvalued right now?
Based on GuruFocus' analysis, Honasa Consumer (NSE:HONASA) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹363.32, compared to a current price of ₹467.60 — trading 28.7% above its estimated fair value. The current Altman Z-Score is 15.24, which is 47% above median its 10-year median of 10.35 and 433.8% above the Consumer Packaged Goods industry median of 2.86. Honasa Consumer's overall GF Score™ is 57/100 with 5 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 Honasa Consumer (NSE:HONASA), the current Altman Z-Score is 15.24 as of Jul. 09, 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 Honasa Consumer (NSE:HONASA) Overvalued in 2026?
Based on GuruFocus' analysis, Honasa Consumer stock appears to be overvalued.
The current stock price of ₹467.60 is trading 28.7% above its estimated GF Value™ of ₹363.32.
GuruFocus considers Honasa Consumer to be Modestly Overvalued.
Key valuation signals for NSE:HONASA:
Altman Z-Score: 15.24 (47% above median its 10-year median of 10.35)
GF Value™: ₹363.32 vs. price of ₹467.60 (28.7% above fair value)
Industry Position: 433.8% above the Consumer Packaged Goods median (#87 of 1928)
No single metric tells the full story. See the NSE:HONASA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honasa Consumer Ltd is a digital-first beauty and personal care (BPC) company in India. It trades various beauty and personal care products across baby care, skin care, hair, and other related personal care categories. The products are manufactured through third-party contract manufacturers under the brand name of Mamaearth, The Derma Co, BBlunt, Aqualogica, and Ayuga. Geographically, the company generates a majority of its revenue within India.
57GF Score
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