Safe Enterprises Retail Fixtures (NSE:SAFEENTP) Altman Z-Score: 27.81 (As of Jul. 21, 2026) — 25% Above Median

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NSE:SAFEENTP Safe Enterprises Retail Fixtures Ltd NSE:SAFEENTP
21 GF Score
Price ₹257.45
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What is Safe Enterprises Retail Fixtures Altman Z-Score?

Safe Enterprises Retail Fixtures NSE:SAFEENTP -2.09% 21 Altman Z-Score is 27.81 as of Jul. 21, 2026, which is 25% above its 10-year median of 22.23. GuruFocus rates NSE:SAFEENTP with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, Safe Enterprises Retail Fixtures ranks better than 98.6% 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 28.36 is strong.

Safe Enterprises Retail Fixtures has a Altman Z-Score of 27.81, 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 Safe Enterprises Retail Fixtures's Altman Z-Score or its related term are showing as below:

NSE:SAFEENTP' s Altman Z-Score Range Over the Past 10 Years
Min: 22.23   Med: 22.23   Max: 28.36
Current: 28.36

During the past 4 years, Safe Enterprises Retail Fixtures's highest Altman Z-Score was 28.36. The lowest was 22.23. And the median was 22.23.


Safe Enterprises Retail Fixtures  (NSE:SAFEENTP) 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.


Safe Enterprises Retail Fixtures Altman Z-Score Related Terms


Safe Enterprises Retail Fixtures Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Safe Enterprises Retail Fixtures'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.

Safe Enterprises Retail Fixtures Altman Z-Score Chart

Safe Enterprises Retail Fixtures Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Altman Z-Score
0.00 0.00 0.00 22.23

Safe Enterprises Retail Fixtures Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Altman Z-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 22.23

NSE:SAFEENTP vs SN, SGI, MHK: Altman Z-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Safe Enterprises Retail Fixtures'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.


Safe Enterprises Retail Fixtures Altman Z-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Safe Enterprises Retail Fixtures's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Safe Enterprises Retail Fixtures's Altman Z-Score falls into.


NSE:SAFEENTP
21GF Score
Safe Enterprises Retail Fixtures Ltd NSE:SAFEENTP
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Safe Enterprises Retail Fixtures 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.

Safe Enterprises Retail Fixtures'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*0.5268+1.4*0+3.3*0.2659+0.6*42.6871+1.0*0.6868
=27.81

* 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. 2026:
Total Assets was ₹3,180 Mil.
Total Current Assets was ₹1,904 Mil.
Total Current Liabilities was ₹229 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was ₹844 Mil.
Interest Expense was ₹-2 Mil.
Revenue was ₹2,184 Mil.
Market Cap (Today) was ₹11,998 Mil.
Total Liabilities was ₹281 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
=(1903.81 - 228.714)/3180.039
=0.5268

X2=Retained Earnings/Total Assets
=0/3180.039
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(843.938 - -1.697)/3180.039
=0.2659

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=11998.323/281.076
=42.6871

X5=Revenue/Total Assets
=2184.151/3180.039
=0.6868

The zones of discrimination were as such:

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

Safe Enterprises Retail Fixtures has a Altman Z-Score of 27.81 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 27.81 mean?
Safe Enterprises Retail Fixtures (NSE:SAFEENTP) has a Altman Z-Score of 27.81 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Safe Enterprises Retail Fixtures and its competitors. This is 25% above median its historical median of 22.23. Over the past decade, Safe Enterprises Retail Fixtures' Altman Z-Score has ranged from 22.23 to 28.36. According to the industry distribution chart, Safe Enterprises Retail Fixtures ranks #6 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 1.4%.
Is Safe Enterprises Retail Fixtures' Altman Z-Score too high?
Safe Enterprises Retail Fixtures' current Altman Z-Score of 27.81 is 25% above median its 10-year median of 22.23. Over the past 10 years, this metric has ranged from a low of 22.23 to a high of 28.36. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.79. Safe Enterprises Retail Fixtures' value of 27.81 is 896.8% above this industry median. Based on the distribution chart, Safe Enterprises Retail Fixtures ranks #6 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Safe Enterprises Retail Fixtures has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Safe Enterprises Retail Fixtures' Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Safe Enterprises Retail Fixtures ranks #6 out of 428 companies for Altman Z-Score. This places Safe Enterprises Retail Fixtures in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.79. Safe Enterprises Retail Fixtures' value of 27.81 is 896.8% above this benchmark. Historically, Safe Enterprises Retail Fixtures' own Altman Z-Score has ranged from 22.23 to 28.36 over the past decade. While the company's 10-year median is 22.23 vs. the industry median of 2.79, Safe Enterprises Retail Fixtures 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.79, based on 428 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. Safe Enterprises Retail Fixtures's current Altman Z-Score of 27.81 is 896.8% 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 Safe Enterprises Retail Fixtures and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Enterprises Retail Fixtures's current Altman Z-Score is 27.81, which is 25% above median its own 10-year median of 22.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safe Enterprises Retail Fixtures stock overvalued right now?
Safe Enterprises Retail Fixtures (NSE:SAFEENTP) has a current Altman Z-Score of 27.81. The current Altman Z-Score is 27.81, which is 25% above median its 10-year median of 22.23 and 896.8% above the Furnishings, Fixtures & Appliances industry median of 2.79. Safe Enterprises Retail Fixtures' overall GF Score™ is 21/100 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 Safe Enterprises Retail Fixtures (NSE:SAFEENTP), the current Altman Z-Score is 27.81 as of Jul. 21, 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.

Safe Enterprises Retail Fixtures Business Description

Address Plot No. D-372, TTC MIDC Industrial Area, MIDC Kukshet Village, Sanpada, Thane, MH, IND, 400703
Safe Enterprises Retail Fixtures Ltd is engaged in designing, manufacturing, supplying, and installing shop fittings and retail fixtures, offering a wide range of customized in-store solutions across retail segments such as fashion & apparels, electronics, and departmental stores. The company provides merchandising solutions addressing challenges retailers and brand marketers face in display, placement, storage, and safety of products, providing shop fitting solutions from conceptual design and prototyping to manufacturing and installation, tailored to meet customer needs. It also offers shop fittings, including modular, electrified fittings that integrate with digital technologies such as LED lighting, digital screens, and display stands.
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