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 3.08 is strong.
Manas Polymers And Energies has a Altman Z-Score of 2.92, indicating it is in Grey Zones. This implies that Manas Polymers And Energies 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 Manas Polymers And Energies's Altman Z-Score or its related term are showing as below:
NSE:MPEL'
s Altman Z-Score Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.08
Current: 3.08
During the past 4 years, Manas Polymers And Energies's highest Altman Z-Score was 3.08. The lowest was 0.00. And the median was 0.00.
Manas Polymers And Energies (NSE:MPEL) 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.
Manas Polymers And Energies Altman Z-Score Chart
Manas Polymers And Energies Annual Data
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Manas Polymers And Energies Semi-Annual Data
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NSE:MPEL vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, Manas Polymers And Energies'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.
Manas Polymers And Energies Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Manas Polymers And Energies's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Manas Polymers And Energies's Altman Z-Score falls into.
Manas Polymers And Energies 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.
Manas Polymers And Energies (NSE:MPEL) has a Altman Z-Score of 2.92 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Manas Polymers And Energies and its competitors. According to the industry distribution chart, Manas Polymers And Energies ranks #799 out of 1567 companies in the Chemicals industry, placing it in the top 51%.
Is Manas Polymers And Energies' Altman Z-Score too high?
Manas Polymers And Energies' current Altman Z-Score is 2.92. The Chemicals industry median Altman Z-Score is 3.13. Manas Polymers And Energies' value of 2.92 is 6.7% below this industry median. Based on the distribution chart, Manas Polymers And Energies ranks #799 out of 1567 companies in the Chemicals industry, which is below the industry midpoint. Overall, Manas Polymers And Energies has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Manas Polymers And Energies' Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Manas Polymers And Energies ranks #799 out of 1567 companies for Altman Z-Score. This places Manas Polymers And Energies in the lower half of its industry. The industry median Altman Z-Score is 3.13. Manas Polymers And Energies' value of 2.92 is 6.7% below this benchmark. 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.13, based on 1,567 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. Manas Polymers And Energies's current Altman Z-Score of 2.92 is 6.7% below 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 Manas Polymers And Energies and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manas Polymers And Energies's current Altman Z-Score is 2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manas Polymers And Energies stock overvalued right now?
Manas Polymers And Energies (NSE:MPEL) has a current Altman Z-Score of 2.92. The current Altman Z-Score is 2.92 and 6.7% below the Chemicals industry median of 3.13. Manas Polymers And Energies' overall GF Score™ is 14/100 with 1 warning sign 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 Manas Polymers And Energies (NSE:MPEL), the current Altman Z-Score is 2.92 as of Jul. 04, 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.
Manas Polymers And Energies Ltd is engaged in the business of manufacturing and supply of premium food-grade PET preforms and PET bottles, jars and closure caps. The company sells its products i.e. PET preforms and PET bottles, jars and closure caps to the PET (plastics) industry. It is also engaged in the renewable energy. In renewable energy it is engaged into renewable power generation and distribution business and operate as renewable energy producer in Madhya Pradesh.
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