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Oriana PowerNSE:ORIANA +1.82%19 Altman Z-Score is 3.95 as of Jul. 14, 2026, which is 12% below its 10-year median of 4.51. GuruFocus rates NSE:ORIANA with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 415 Utilities - Independent Power Producers companies, Oriana Power ranks better than 86.27% 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 3.91 is strong.
Oriana Power has a Altman Z-Score of 3.95, 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 Oriana Power's Altman Z-Score or its related term are showing as below:
NSE:ORIANA'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.67 Med: 4.51 Max: 5.34
Current: 3.91
During the past 5 years, Oriana Power's highest Altman Z-Score was 5.34. The lowest was 3.67. And the median was 4.51.
Oriana Power (NSE:ORIANA) 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.
Altman Z-Score does not apply to financial companies.
Oriana Power Altman Z-Score Related Terms
Oriana Power Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Oriana Power'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.
For the Utilities - Renewable subindustry, Oriana Power'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.
Oriana Power Altman Z-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Oriana Power's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Oriana Power'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.
Oriana Power'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
*
0.2133
+
1.4
*
0.1686
+
3.3
*
0.1708
+
0.6
*
3.6174
+
1.0
*
0.7228
=
3.95
* 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.
Oriana Power (NSE:ORIANA) has a Altman Z-Score of 3.95 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Oriana Power and its competitors. This is 12% below median its historical median of 4.51. Over the past decade, Oriana Power's Altman Z-Score has ranged from 3.67 to 5.34. According to the industry distribution chart, Oriana Power ranks #57 out of 415 companies in the Utilities - Independent Power Producers industry, placing it in the top 13.7%.
Is Oriana Power's Altman Z-Score too high?
Oriana Power's current Altman Z-Score of 3.95 is 12% below median its 10-year median of 4.51. Over the past 10 years, this metric has ranged from a low of 3.67 to a high of 5.34. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.22. Oriana Power's value of 3.95 is 223.8% above this industry median. Based on the distribution chart, Oriana Power ranks #57 out of 415 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Oriana Power has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Oriana Power's Altman Z-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Oriana Power ranks #57 out of 415 companies for Altman Z-Score. This places Oriana Power in the top 14% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.22. Oriana Power's value of 3.95 is 223.8% above this benchmark. Historically, Oriana Power's own Altman Z-Score has ranged from 3.67 to 5.34 over the past decade. While the company's 10-year median is 4.51 vs. the industry median of 1.22, Oriana Power 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 Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.22, based on 415 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. Oriana Power's current Altman Z-Score of 3.95 is 223.8% 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 Oriana Power and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oriana Power's current Altman Z-Score is 3.95, which is 12% below median its own 10-year median of 4.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oriana Power stock overvalued right now?
Oriana Power (NSE:ORIANA) has a current Altman Z-Score of 3.95. The current Altman Z-Score is 3.95, which is 12% below median its 10-year median of 4.51 and 223.8% above the Utilities - Independent Power Producers industry median of 1.22. Oriana Power's overall GF Score™ is 19/100 with 3 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 Oriana Power (NSE:ORIANA), the current Altman Z-Score is 3.95 as of Jul. 14, 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.
Oriana Power Ltd is engaged across the renewable energy value chain, including solar power projects engineering, procurement, and construction (EPC), power generation, compressed bio-gas, battery energy storage systems (BESS), green hydrogen, and e-fuels, as well as leasing, operation, and maintenance services. It also undertakes the construction, installation, and maintenance of related power infrastructure, such as power stations, cables, and lines. Its business operations are mainly divided into two segments: EPC Segment includes Engineering, Procurement and Construction of renewable energy projects; and Resco Segment comprises the Generation and sale of power under the Renewable Energy Service Company model. The group generates the majority of revenue from the EPC Segment.
19GF Score
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