On Door Concepts (NSE:ONDOOR) Altman Z-Score: 4.18 (As of Jul. 04, 2026) — 11% Below Median


NSE:ONDOOR On Door Concepts Ltd NSE:ONDOOR
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What is On Door Concepts Altman Z-Score?

On Door Concepts NSE:ONDOOR -0.49% 13 Altman Z-Score is 4.18 as of Jul. 04, 2026, which is 11% below its 10-year median of 4.68. GuruFocus rates NSE:ONDOOR with a GF Score™ of 13/100. The stock has 6 warning signs investors should review. Among 1,113 Retail - Cyclical companies, On Door Concepts ranks better than 71.52% 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 4.16 is strong.

On Door Concepts has a Altman Z-Score of 4.18, 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 On Door Concepts's Altman Z-Score or its related term are showing as below:

NSE:ONDOOR' s Altman Z-Score Range Over the Past 10 Years
Min: 3.58   Med: 4.68   Max: 5.77
Current: 4.16

During the past 5 years, On Door Concepts's highest Altman Z-Score was 5.77. The lowest was 3.58. And the median was 4.68.


On Door Concepts  (NSE:ONDOOR) 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.


On Door Concepts Altman Z-Score Related Terms


On Door Concepts Altman Z-Score Historical Data

* Premium members only.

The historical data trend for On Door Concepts'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.

On Door Concepts Altman Z-Score Chart

On Door Concepts Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Altman Z-Score
0.00 0.00 0.00 5.77 3.58

On Door Concepts Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Altman Z-Score 0.00 0.00 0.00 5.77 3.58

NSE:ONDOOR vs DDS, M: Altman Z-Score Comparison

For the Department Stores subindustry, On Door Concepts'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.


On Door Concepts Altman Z-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, On Door Concepts's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where On Door Concepts's Altman Z-Score falls into.


NSE:ONDOOR
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On Door Concepts Ltd NSE:ONDOOR
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On Door Concepts 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.

On Door Concepts'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*0.3719+1.4*-0.6109+3.3*0.0617+0.6*3.8171+1.0*2.1001
=4.18

* 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. 2025:
Total Assets was ₹1,300 Mil.
Total Current Assets was ₹785 Mil.
Total Current Liabilities was ₹302 Mil.
Retained Earnings was ₹-794 Mil.
Pre-Tax Income was ₹76 Mil.
Interest Expense was ₹-4 Mil.
Revenue was ₹2,730 Mil.
Market Cap (Today) was ₹1,152 Mil.
Total Liabilities was ₹302 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
=(785.222 - 301.811)/1299.984
=0.3719

X2=Retained Earnings/Total Assets
=-794.216/1299.984
=-0.6109

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(76.085 - -4.093)/1299.984
=0.0617

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1152.034/301.812
=3.8171

X5=Revenue/Total Assets
=2730.107/1299.984
=2.1001

The zones of discrimination were as such:

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

On Door Concepts has a Altman Z-Score of 4.18 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 4.18 mean?
On Door Concepts (NSE:ONDOOR) has a Altman Z-Score of 4.18 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on On Door Concepts and its competitors. This is 11% below median its historical median of 4.68. Over the past decade, On Door Concepts' Altman Z-Score has ranged from 3.58 to 5.77. According to the industry distribution chart, On Door Concepts ranks #317 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 28.5%.
Is On Door Concepts' Altman Z-Score too high?
On Door Concepts' current Altman Z-Score of 4.18 is 11% below median its 10-year median of 4.68. Over the past 10 years, this metric has ranged from a low of 3.58 to a high of 5.77. The Retail - Cyclical industry median Altman Z-Score is 2.72. On Door Concepts' value of 4.18 is 53.7% above this industry median. Based on the distribution chart, On Door Concepts ranks #317 out of 1113 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, On Door Concepts has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does On Door Concepts' Altman Z-Score compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, On Door Concepts ranks #317 out of 1113 companies for Altman Z-Score. This puts On Door Concepts in the upper half of its industry. The industry median Altman Z-Score is 2.72. On Door Concepts' value of 4.18 is 53.7% above this benchmark. Historically, On Door Concepts' own Altman Z-Score has ranged from 3.58 to 5.77 over the past decade. While the company's 10-year median is 4.68 vs. the industry median of 2.72, On Door Concepts 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.72, based on 1,113 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. On Door Concepts's current Altman Z-Score of 4.18 is 53.7% 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 On Door Concepts and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. On Door Concepts's current Altman Z-Score is 4.18, which is 11% below median its own 10-year median of 4.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is On Door Concepts stock overvalued right now?
On Door Concepts (NSE:ONDOOR) has a current Altman Z-Score of 4.18. The current Altman Z-Score is 4.18, which is 11% below median its 10-year median of 4.68 and 53.7% above the Retail - Cyclical industry median of 2.72. On Door Concepts' overall GF Score™ is 13/100 with 6 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 On Door Concepts (NSE:ONDOOR), the current Altman Z-Score is 4.18 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.

On Door Concepts Business Description

Address E-8, Arera Colony, 1st and 2nd Floor, Plot No. 13 Railway Colony, Trilanga, Huzur, Bhopal, MP, IND, 462039
On Door Concepts Ltd is engaged in retailing household and consumer products through an e-commerce platform and departmental stores. It offers customers the convenience of both walk-in shopping and online ordering with prompt home delivery. Currently focused on B2B sales, the company is actively exploring growth opportunities within the B2B segment to expand its market presence, deepen customer relationships, and increase revenue streams. It's Concepts, an e-commerce venture, delivers food staples and household items to the doorstep. Its product range includes groceries, vegetables, fruits, household items, personal care products, and everyday essentials.
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