Mohini Health & HygieneNSE:MHHL +3.58%68 Altman Z-Score is 2.73 as of Jul. 09, 2026, which is 11% above its 10-year median of 2.46. GuruFocus rates NSE:MHHL with a GF Score™ of 68/100 and a GF Value™ of ₹48.76 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,024 Manufacturing - Apparel & Accessories companies, Mohini Health & Hygiene ranks better than 53.91% 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.
Warning Sign:
Altman Z-score of 2.74 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Mohini Health & Hygiene has a Altman Z-Score of 2.73, indicating it is in Grey Zones. This implies that Mohini Health & Hygiene is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Mohini Health & Hygiene's Altman Z-Score or its related term are showing as below:
NSE:MHHL'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.97 Med: 2.46 Max: 4.41
Current: 2.74
During the past 9 years, Mohini Health & Hygiene's highest Altman Z-Score was 4.41. The lowest was 1.97. And the median was 2.46.
Mohini Health & Hygiene (NSE:MHHL) 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.
* 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.
Mohini Health & Hygiene Altman Z-Score Competitor Comparison
For the Textile Manufacturing subindustry, Mohini Health & Hygiene'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.
Mohini Health & Hygiene Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mohini Health & Hygiene's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Mohini Health & Hygiene's Altman Z-Score falls into.
Mohini Health & Hygiene 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.
* 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.
Mohini Health & Hygiene (NSE:MHHL) has a Altman Z-Score of 2.73 as of Jul. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Mohini Health & Hygiene and its competitors. This is 11% above median its historical median of 2.46. Over the past decade, Mohini Health & Hygiene's Altman Z-Score has ranged from 1.97 to 4.41. According to the industry distribution chart, Mohini Health & Hygiene ranks #472 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 46.1%.
Is Mohini Health & Hygiene's Altman Z-Score too high?
Mohini Health & Hygiene's current Altman Z-Score of 2.73 is 11% above median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 1.97 to a high of 4.41. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.54. Mohini Health & Hygiene's value of 2.73 is 7.5% above this industry median. Based on the distribution chart, Mohini Health & Hygiene ranks #472 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Mohini Health & Hygiene has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mohini Health & Hygiene's Altman Z-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mohini Health & Hygiene ranks #472 out of 1024 companies for Altman Z-Score. This puts Mohini Health & Hygiene in the upper half of its industry. The industry median Altman Z-Score is 2.54. Mohini Health & Hygiene's value of 2.73 is 7.5% above this benchmark. Historically, Mohini Health & Hygiene's own Altman Z-Score has ranged from 1.97 to 4.41 over the past decade. While the company's 10-year median is 2.46 vs. the industry median of 2.54, Mohini Health & Hygiene 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 Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.54, based on 1,024 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. Mohini Health & Hygiene's current Altman Z-Score of 2.73 is 7.5% 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 Mohini Health & Hygiene and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mohini Health & Hygiene's current Altman Z-Score is 2.73, which is 11% above median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mohini Health & Hygiene stock overvalued right now?
Based on GuruFocus' analysis, Mohini Health & Hygiene (NSE:MHHL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹48.76, compared to a current price of ₹31.80 — trading 34.8% below its estimated fair value. The current Altman Z-Score is 2.73, which is 11% above median its 10-year median of 2.46 and 7.5% above the Manufacturing - Apparel & Accessories industry median of 2.54. Mohini Health & Hygiene's overall GF Score™ is 68/100 with 4 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 Mohini Health & Hygiene (NSE:MHHL), the current Altman Z-Score is 2.73 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 Mohini Health & Hygiene (NSE:MHHL) Overvalued in 2026?
Based on GuruFocus' analysis, Mohini Health & Hygiene stock appears to be undervalued.
The current stock price of ₹31.80 is trading 34.8% below its estimated GF Value™ of ₹48.76.
GuruFocus considers Mohini Health & Hygiene to be Significantly Undervalued.
Key valuation signals for NSE:MHHL:
Altman Z-Score: 2.73 (11% above median its 10-year median of 2.46)
GF Value™: ₹48.76 vs. price of ₹31.80 (34.8% below fair value)
Industry Position: 7.5% above the Manufacturing - Apparel & Accessories median (#472 of 1024)
No single metric tells the full story. See the NSE:MHHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mohini Health & Hygiene Ltd is a manufacturer and exporter of cotton fiber and yarn. It manufactures absorbent cotton used for medical purposes. Some of its products include Surgical Bleached Absorbent Cotton, Cotton Balls, Zig Zag Cotton, Cotton Ear Buds, and Gamjee Rolls. The company generates revenue both from Domestic and International markets and generates a majority of its revenue from Exports.
68GF Score
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