Manorama IndustriesNSE:MANORAMA -1.19%99 Altman Z-Score is 13.99 as of Jul. 05, 2026, which is 100% above its 10-year median of 7.00. GuruFocus rates NSE:MANORAMA with a GF Score™ of 99/100 and a GF Value™ of ₹1,938.47 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,931 Consumer Packaged Goods companies, Manorama Industries ranks better than 94.77% 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 13.99 is strong.
Manorama Industries has a Altman Z-Score of 13.99, 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 Manorama Industries's Altman Z-Score or its related term are showing as below:
NSE:MANORAMA'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.93 Med: 7 Max: 13.99
Current: 13.99
During the past 13 years, Manorama Industries's highest Altman Z-Score was 13.99. The lowest was 2.93. And the median was 7.00.
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.
Manorama Industries Altman Z-Score Related Terms
Manorama Industries Altman Z-Score Historical Data
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The historical data trend for Manorama Industries'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:MANORAMA vs KHC, GIS: Altman Z-Score Comparison
For the Packaged Foods subindustry, Manorama Industries'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.
Manorama Industries Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Manorama Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Manorama Industries'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.
Manorama Industries'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
*
0.3786
+
1.4
*
0
+
3.3
*
0.2825
+
0.6
*
19.0954
+
1.0
*
1.149
=
13.99
* 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.
Manorama Industries (NSE:MANORAMA) has a Altman Z-Score of 13.99 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Manorama Industries and its competitors. This is 100% above median its historical median of 7.00. Over the past decade, Manorama Industries' Altman Z-Score has ranged from 2.93 to 13.99. According to the industry distribution chart, Manorama Industries ranks #101 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 5.2%.
Is Manorama Industries' Altman Z-Score too high?
Manorama Industries' current Altman Z-Score of 13.99 is 100% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.93 to a high of 13.99. The Consumer Packaged Goods industry median Altman Z-Score is 2.86. Manorama Industries' value of 13.99 is 389.2% above this industry median. Based on the distribution chart, Manorama Industries ranks #101 out of 1931 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Manorama Industries has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manorama Industries' Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Manorama Industries ranks #101 out of 1931 companies for Altman Z-Score. This places Manorama Industries in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.86. Manorama Industries' value of 13.99 is 389.2% above this benchmark. Historically, Manorama Industries' own Altman Z-Score has ranged from 2.93 to 13.99 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 2.86, Manorama Industries 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 1,931 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. Manorama Industries's current Altman Z-Score of 13.99 is 389.2% 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 Manorama Industries 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. Manorama Industries's current Altman Z-Score is 13.99, which is 100% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manorama Industries stock overvalued right now?
Based on GuruFocus' analysis, Manorama Industries (NSE:MANORAMA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,938.47, compared to a current price of ₹1,562.40 — trading 19.4% below its estimated fair value. The current Altman Z-Score is 13.99, which is 100% above median its 10-year median of 7.00 and 389.2% above the Consumer Packaged Goods industry median of 2.86. Manorama Industries' overall GF Score™ is 99/100 with 2 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 Manorama Industries (NSE:MANORAMA), the current Altman Z-Score is 13.99 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 Manorama Industries (NSE:MANORAMA) Overvalued in 2026?
Based on GuruFocus' analysis, Manorama Industries stock appears to be undervalued.
The current stock price of ₹1,562.40 is trading 19.4% below its estimated GF Value™ of ₹1,938.47.
GuruFocus considers Manorama Industries to be Modestly Undervalued.
Key valuation signals for NSE:MANORAMA:
Altman Z-Score: 13.99 (100% above median its 10-year median of 7.00)
GF Value™: ₹1,938.47 vs. price of ₹1,562.40 (19.4% below fair value)
Industry Position: 389.2% above the Consumer Packaged Goods median (#101 of 1931)
No single metric tells the full story. See the NSE:MANORAMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manorama Industries Ltd is engaged in the manufacturing, processing, and supply of exotic and specialty fats and oils. The products offered by the company include Sal butter, Sal fat, Sal stearine, Mango butter, Kokum oil, Mowrah fat, and several other value-added, tailor-made products. Its only operating segment is the Manufacturing of Exotic Seed based Fats and Butters including Cocoa Butter Equivalent (CBE). Geographically, the company generates a majority of its revenue from outside India through exports, and the rest from its business within India.
99GF Score
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