Ksolves India (NSE:KSOLVES) Altman Z-Score: 18.10 (As of Jun. 29, 2026) — 36% Below Median


NSE:KSOLVES Ksolves India Ltd NSE:KSOLVES
85 GF Score
Price ₹285.25
GF Value ₹702.52
Valuation Possible Value Trap
! 5 Warning Signs
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What is Ksolves India Altman Z-Score?

Ksolves India NSE:KSOLVES +0.94% 85 Altman Z-Score is 18.10 as of Jun. 29, 2026, which is 36% below its 10-year median of 28.38. GuruFocus rates NSE:KSOLVES with a GF Score™ of 85/100 and a GF Value™ of ₹702.52 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,765 Software companies, Ksolves India ranks better than 94.43% 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 18.1 is strong.

Ksolves India has a Altman Z-Score of 18.10, 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 Ksolves India's Altman Z-Score or its related term are showing as below:

NSE:KSOLVES' s Altman Z-Score Range Over the Past 10 Years
Min: 16.46   Med: 28.38   Max: 58.3
Current: 18.1

During the past 9 years, Ksolves India's highest Altman Z-Score was 58.30. The lowest was 16.46. And the median was 28.38.


Ksolves India  (NSE:KSOLVES) 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.


Ksolves India Altman Z-Score Related Terms


Ksolves India Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Ksolves 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.

Ksolves India Altman Z-Score Chart

Ksolves India Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only 41.98 33.56 58.30 23.20 16.46

Ksolves India Quarterly Data
Jun21 Sep21 Dec21 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 Premium Member Only Premium Member Only 23.20 19.40 25.85 24.18 16.46

NSE:KSOLVES vs UBER, SHOP, CRM: Altman Z-Score Comparison

For the Software - Application subindustry, Ksolves 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.


Ksolves India Altman Z-Score vs Software Industry

For the Software industry and Technology sector, Ksolves India's Altman Z-Score distribution charts can be found below:

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


NSE:KSOLVES
85GF Score
Ksolves India Ltd NSE:KSOLVES
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Ksolves India 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.

Ksolves 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*0.5044+1.4*0+3.3*0.7409+0.6*20.7127+1.0*2.6215
=18.10

* 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 ₹621 Mil.
Total Current Assets was ₹536 Mil.
Total Current Liabilities was ₹223 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 119.639 + 128.774 + 112.646 + 90.113 = ₹451 Mil.
Interest Expense was -2.327 + -2.052 + -1.57 + -2.609 = ₹-9 Mil.
Revenue was 430.278 + 423.046 + 396.705 + 376.65 = ₹1,627 Mil.
Market Cap (Today) was ₹6,766 Mil.
Total Liabilities was ₹327 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
=(536.068 - 223.104)/620.517
=0.5044

X2=Retained Earnings/Total Assets
=0/620.517
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(451.172 - -8.558)/620.517
=0.7409

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=6766.244/326.671
=20.7127

X5=Revenue/Total Assets
=1626.679/620.517
=2.6215

The zones of discrimination were as such:

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

Ksolves India has a Altman Z-Score of 18.10 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 18.10 mean?
Ksolves India (NSE:KSOLVES) has a Altman Z-Score of 18.10 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ksolves India and its competitors. This is 36% below median its historical median of 28.38. Over the past decade, Ksolves India's Altman Z-Score has ranged from 16.46 to 58.30. According to the industry distribution chart, Ksolves India ranks #154 out of 2765 companies in the Software industry, placing it in the top 5.6%.
Is Ksolves India's Altman Z-Score too high?
Ksolves India's current Altman Z-Score of 18.10 is 36% below median its 10-year median of 28.38. Over the past 10 years, this metric has ranged from a low of 16.46 to a high of 58.30. The Software industry median Altman Z-Score is 3.10. Ksolves India's value of 18.10 is 483.9% above this industry median. Based on the distribution chart, Ksolves India ranks #154 out of 2765 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Ksolves India has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ksolves India's Altman Z-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Ksolves India ranks #154 out of 2765 companies for Altman Z-Score. This places Ksolves India in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.10. Ksolves India's value of 18.10 is 483.9% above this benchmark. Historically, Ksolves India's own Altman Z-Score has ranged from 16.46 to 58.30 over the past decade. While the company's 10-year median is 28.38 vs. the industry median of 3.10, Ksolves 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 Software company?
The median Altman Z-Score among Software companies is 3.10, based on 2,765 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. Ksolves India's current Altman Z-Score of 18.10 is 483.9% 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 Ksolves India and its competitors. For the Software industry, the median Altman Z-Score is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ksolves India's current Altman Z-Score is 18.10, which is 36% below median its own 10-year median of 28.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ksolves India stock overvalued right now?
Based on GuruFocus' analysis, Ksolves India (NSE:KSOLVES) is currently considered Possible Value Trap. The stock's GF Value™ is ₹702.52, compared to a current price of ₹285.25 — trading 59.4% below its estimated fair value. The current Altman Z-Score is 18.10, which is 36% below median its 10-year median of 28.38 and 483.9% above the Software industry median of 3.10. Ksolves India's overall GF Score™ is 85/100 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 Ksolves India (NSE:KSOLVES), the current Altman Z-Score is 18.10 as of Jun. 29, 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 Ksolves India (NSE:KSOLVES) Overvalued in 2026?

Based on GuruFocus' analysis, Ksolves India stock appears to be undervalued. The current stock price of ₹285.25 is trading 59.4% below its estimated GF Value™ of ₹702.52. GuruFocus considers Ksolves India to be Possible Value Trap.

Key valuation signals for NSE:KSOLVES:

  • Altman Z-Score: 18.10 (36% below median its 10-year median of 28.38)
  • GF Value™: ₹702.52 vs. price of ₹285.25 (59.4% below fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 483.9% above the Software median (#154 of 2765)

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


Ksolves India Business Description

Other Exchanges 543599:India
Address C-28 & 29, C Block, Phase 2, Smartworks, Tower D, Industrial Area, Sector 62, Noida, UP, IND, 201301
Ksolves India Ltd is a software development company focused on AI-led solutions for enterprise use. It provides services across AI, Big Data, Salesforce, DevOps, and Odoo, supporting organizations in managing and improving business operations. The company works with industries such as manufacturing, retail, wholesale, distribution, and logistics to implement systems aligned with their operational requirements.
85GF Score

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

₹285.25
Price
₹702.52
GF Value