Mamata Machinery (NSE:MAMATA) Altman Z-Score: 8.81 (As of Jul. 05, 2026) — 11% Above Median


NSE:MAMATA Mamata Machinery Ltd NSE:MAMATA
52 GF Score
Price ₹409.00
! 8 Warning Signs
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What is Mamata Machinery Altman Z-Score?

Mamata Machinery NSE:MAMATA -1.54% 52 Altman Z-Score is 8.81 as of Jul. 05, 2026, which is 11% above its 10-year median of 7.96. GuruFocus rates NSE:MAMATA with a GF Score™ of 52/100. The stock has 8 warning signs investors should review. Among 3,008 Industrial Products companies, Mamata Machinery ranks better than 84.41% 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 8.81 is strong.

Mamata Machinery has a Altman Z-Score of 8.81, 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 Mamata Machinery's Altman Z-Score or its related term are showing as below:

NSE:MAMATA' s Altman Z-Score Range Over the Past 10 Years
Min: 6.84   Med: 7.96   Max: 9.07
Current: 8.81

During the past 7 years, Mamata Machinery's highest Altman Z-Score was 9.07. The lowest was 6.84. And the median was 7.96.


Mamata Machinery  (NSE:MAMATA) 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.


Mamata Machinery Altman Z-Score Related Terms


Mamata Machinery Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Mamata Machinery'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.

Mamata Machinery Altman Z-Score Chart

Mamata Machinery Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 9.07 6.84

Mamata Machinery Quarterly Data
Mar20 Mar21 Mar22 Mar23 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 9.07 9.68 8.98 8.56 6.84

NSE:MAMATA vs GEV, ETN, PH: Altman Z-Score Comparison

For the Specialty Industrial Machinery subindustry, Mamata Machinery'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.


Mamata Machinery Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mamata Machinery's Altman Z-Score distribution charts can be found below:

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


NSE:MAMATA
52GF Score
Mamata Machinery Ltd NSE:MAMATA
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Mamata Machinery 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.

Mamata Machinery'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*0.3085+1.4*0+3.3*0.0757+0.6*12.1935+1.0*0.8707
=8.81

* 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 ₹2,676 Mil.
Total Current Assets was ₹1,552 Mil.
Total Current Liabilities was ₹727 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 0.532 + 95.612 + 63.286 + 36.54 = ₹196 Mil.
Interest Expense was -3.09 + -1.48 + -0.83 + -1.223 = ₹-7 Mil.
Revenue was 737.52 + 672.154 + 533.708 + 386.635 = ₹2,330 Mil.
Market Cap (Today) was ₹10,065 Mil.
Total Liabilities was ₹825 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
=(1552.29 - 726.746)/2676.109
=0.3085

X2=Retained Earnings/Total Assets
=0/2676.109
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(195.97 - -6.623)/2676.109
=0.0757

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=10064.590/825.409
=12.1935

X5=Revenue/Total Assets
=2330.017/2676.109
=0.8707

The zones of discrimination were as such:

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

Mamata Machinery has a Altman Z-Score of 8.81 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 8.81 mean?
Mamata Machinery (NSE:MAMATA) has a Altman Z-Score of 8.81 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Mamata Machinery and its competitors. This is 11% above median its historical median of 7.96. Over the past decade, Mamata Machinery's Altman Z-Score has ranged from 6.84 to 9.07. According to the industry distribution chart, Mamata Machinery ranks #469 out of 3008 companies in the Industrial Products industry, placing it in the top 15.6%.
Is Mamata Machinery's Altman Z-Score too high?
Mamata Machinery's current Altman Z-Score of 8.81 is 11% above median its 10-year median of 7.96. Over the past 10 years, this metric has ranged from a low of 6.84 to a high of 9.07. The Industrial Products industry median Altman Z-Score is 3.40. Mamata Machinery's value of 8.81 is 159.1% above this industry median. Based on the distribution chart, Mamata Machinery ranks #469 out of 3008 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Mamata Machinery has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Mamata Machinery's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mamata Machinery ranks #469 out of 3008 companies for Altman Z-Score. This places Mamata Machinery in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.40. Mamata Machinery's value of 8.81 is 159.1% above this benchmark. Historically, Mamata Machinery's own Altman Z-Score has ranged from 6.84 to 9.07 over the past decade. While the company's 10-year median is 7.96 vs. the industry median of 3.40, Mamata Machinery 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.40, based on 3,008 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. Mamata Machinery's current Altman Z-Score of 8.81 is 159.1% 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 Mamata Machinery and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mamata Machinery's current Altman Z-Score is 8.81, which is 11% above median its own 10-year median of 7.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mamata Machinery stock overvalued right now?
Mamata Machinery (NSE:MAMATA) has a current Altman Z-Score of 8.81. The current Altman Z-Score is 8.81, which is 11% above median its 10-year median of 7.96 and 159.1% above the Industrial Products industry median of 3.40. Mamata Machinery's overall GF Score™ is 52/100 with 8 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 Mamata Machinery (NSE:MAMATA), the current Altman Z-Score is 8.81 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.

Mamata Machinery Business Description

Other Exchanges 544318:India
Address Sarkhej-Bavla Road, National Highway No. 8A, Survey No. 423/P, Moraiya, Sanand, Ahmedabad, GJ, IND, 382 213
Mamata Machinery Ltd provider of flexible packaging machinery solutions. The group designs, manufactures, and exports a comprehensive range of machines that support the complete flexible packaging value chain, from film extrusion to bag & pouch making to completely automated packaging systems. It provides end-to-end manufacturing solutions for packaging converters and consumer brands alike. Its equipment is widely used in packaging applications for FMCG, food and beverage, and e-commerce industries, with machines also catering to garment packaging and non-food sectors. The Group's reportable segments are India, the United States of America, Canada, Mexico, Kuwait, Portugal, South Africa, and the Rest of the world.
52GF Score

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