JSW Infrastructure (NSE:JSWINFRA) Altman Z-Score: 6.00 (As of Jul. 05, 2026) — 14% Below Median


NSE:JSWINFRA JSW Infrastructure Ltd NSE:JSWINFRA
75 GF Score
Price ₹326.05
GF Value ₹382.12
Valuation Modestly Undervalued
! 5 Warning Signs
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What is JSW Infrastructure Altman Z-Score?

JSW Infrastructure NSE:JSWINFRA -0.44% 75 Altman Z-Score is 6.00 as of Jul. 05, 2026, which is 14% below its 10-year median of 6.95. GuruFocus rates NSE:JSWINFRA with a GF Score™ of 75/100 and a GF Value™ of ₹382.12 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 996 Transportation companies, JSW Infrastructure ranks better than 89.26% 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 6 is strong.

JSW Infrastructure has a Altman Z-Score of 6.00, 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 JSW Infrastructure's Altman Z-Score or its related term are showing as below:

NSE:JSWINFRA' s Altman Z-Score Range Over the Past 10 Years
Min: 4.24   Med: 6.95   Max: 7.56
Current: 6

During the past 6 years, JSW Infrastructure's highest Altman Z-Score was 7.56. The lowest was 4.24. And the median was 6.95.


JSW Infrastructure  (NSE:JSWINFRA) 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.


JSW Infrastructure Altman Z-Score Related Terms


JSW Infrastructure Altman Z-Score Historical Data

* Premium members only.

The historical data trend for JSW Infrastructure'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.

JSW Infrastructure Altman Z-Score Chart

JSW Infrastructure Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 6.95 7.56 4.24

JSW Infrastructure Quarterly Data
Mar21 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 7.56 7.47 6.75 6.21 4.24

JSW Infrastructure Altman Z-Score Competitor Comparison

For the Marine Shipping subindustry, JSW Infrastructure'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.


JSW Infrastructure Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, JSW Infrastructure's Altman Z-Score distribution charts can be found below:

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


NSE:JSWINFRA
75GF Score
JSW Infrastructure Ltd NSE:JSWINFRA
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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JSW Infrastructure 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.

JSW Infrastructure'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*0.1215+1.4*0+3.3*0.1095+0.6*8.7162+1.0*0.2634
=6.00

* 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 ₹203,585 Mil.
Total Current Assets was ₹44,225 Mil.
Total Current Liabilities was ₹19,480 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 4978.2 + 4391.7 + 4632.9 + 4725.6 = ₹18,728 Mil.
Interest Expense was -871.1 + -789.1 + -992.9 + -912.5 = ₹-3,566 Mil.
Revenue was 15223.4 + 13496.6 + 12655.9 + 12238.5 = ₹53,614 Mil.
Market Cap (Today) was ₹755,322 Mil.
Total Liabilities was ₹86,657 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
=(44224.5 - 19480.4)/203584.5
=0.1215

X2=Retained Earnings/Total Assets
=0/203584.5
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(18728.4 - -3565.6)/203584.5
=0.1095

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=755321.522/86657.1
=8.7162

X5=Revenue/Total Assets
=53614.4/203584.5
=0.2634

The zones of discrimination were as such:

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

JSW Infrastructure has a Altman Z-Score of 6.00 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 6.00 mean?
JSW Infrastructure (NSE:JSWINFRA) has a Altman Z-Score of 6.00 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on JSW Infrastructure and its competitors. This is 14% below median its historical median of 6.95. Over the past decade, JSW Infrastructure's Altman Z-Score has ranged from 4.24 to 7.56. According to the industry distribution chart, JSW Infrastructure ranks #107 out of 996 companies in the Transportation industry, placing it in the top 10.7%.
Is JSW Infrastructure's Altman Z-Score too high?
JSW Infrastructure's current Altman Z-Score of 6.00 is 14% below median its 10-year median of 6.95. Over the past 10 years, this metric has ranged from a low of 4.24 to a high of 7.56. The Transportation industry median Altman Z-Score is 2.26. JSW Infrastructure's value of 6.00 is 165.5% above this industry median. Based on the distribution chart, JSW Infrastructure ranks #107 out of 996 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, JSW Infrastructure has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JSW Infrastructure's Altman Z-Score compare to competitors?
According to the Transportation industry distribution chart, JSW Infrastructure ranks #107 out of 996 companies for Altman Z-Score. This places JSW Infrastructure in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.26. JSW Infrastructure's value of 6.00 is 165.5% above this benchmark. Historically, JSW Infrastructure's own Altman Z-Score has ranged from 4.24 to 7.56 over the past decade. While the company's 10-year median is 6.95 vs. the industry median of 2.26, JSW Infrastructure 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.26, based on 996 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. JSW Infrastructure's current Altman Z-Score of 6.00 is 165.5% 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 JSW Infrastructure and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Infrastructure's current Altman Z-Score is 6.00, which is 14% below median its own 10-year median of 6.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, JSW Infrastructure (NSE:JSWINFRA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹382.12, compared to a current price of ₹326.05 — trading 14.7% below its estimated fair value. The current Altman Z-Score is 6.00, which is 14% below median its 10-year median of 6.95 and 165.5% above the Transportation industry median of 2.26. JSW Infrastructure's overall GF Score™ is 75/100 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 JSW Infrastructure (NSE:JSWINFRA), the current Altman Z-Score is 6.00 as of Jul. 05, 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 JSW Infrastructure (NSE:JSWINFRA) Overvalued in 2026?

Based on GuruFocus' analysis, JSW Infrastructure stock appears to be undervalued. The current stock price of ₹326.05 is trading 14.7% below its estimated GF Value™ of ₹382.12. GuruFocus considers JSW Infrastructure to be Modestly Undervalued.

Key valuation signals for NSE:JSWINFRA:

  • Altman Z-Score: 6.00 (14% below median its 10-year median of 6.95)
  • GF Value™: ₹382.12 vs. price of ₹326.05 (14.7% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 165.5% above the Transportation median (#107 of 996)

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


JSW Infrastructure Business Description

Other Exchanges 543994:India
Address Bandra Kurla Complex, JSW Centre, Near MMRDA Grounds, Bandra East, Mumbai, MH, IND, 400051
JSW Infrastructure Ltd is predominantly engaged in one business segment, namely developing, operating, and maintaining the Ports services, Ports-related Infrastructure development activities, and development of infrastructure. It derives a majority of its revenue in India.
75GF Score

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

₹326.05
Price
₹382.12
GF Value