Srivasavi Adhesive Tapes (NSE:SRIVASAVI) Altman Z-Score: 3.70 (As of Jul. 11, 2026) — 35% Below Median


NSE:SRIVASAVI Srivasavi Adhesive Tapes Ltd NSE:SRIVASAVI
81 GF Score
Price ₹80.15
GF Value ₹139.92
Valuation Significantly Undervalued
! 9 Warning Signs
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What is Srivasavi Adhesive Tapes Altman Z-Score?

Srivasavi Adhesive Tapes NSE:SRIVASAVI +1.46% 81 Altman Z-Score is 3.70 as of Jul. 11, 2026, which is 35% below its 10-year median of 5.67. GuruFocus rates NSE:SRIVASAVI with a GF Score™ of 81/100 and a GF Value™ of ₹139.92 (Significantly Undervalued). The stock has 9 warning signs investors should review. Among 1,561 Chemicals companies, Srivasavi Adhesive Tapes ranks better than 56.76% 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 3.6 is strong.

Srivasavi Adhesive Tapes has a Altman Z-Score of 3.70, 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 Srivasavi Adhesive Tapes's Altman Z-Score or its related term are showing as below:

NSE:SRIVASAVI' s Altman Z-Score Range Over the Past 10 Years
Min: 2.9   Med: 5.67   Max: 8.6
Current: 3.6

During the past 7 years, Srivasavi Adhesive Tapes's highest Altman Z-Score was 8.60. The lowest was 2.90. And the median was 5.67.


Srivasavi Adhesive Tapes  (NSE:SRIVASAVI) 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.


Srivasavi Adhesive Tapes Altman Z-Score Related Terms


Srivasavi Adhesive Tapes Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Srivasavi Adhesive Tapes'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.

Srivasavi Adhesive Tapes Altman Z-Score Chart

Srivasavi Adhesive Tapes Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial 0.00 5.27 8.60 6.07 2.90

Srivasavi Adhesive Tapes Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 8.60 0.00 6.07 0.00 2.90

NSE:SRIVASAVI vs LIN, SHW, ECL: Altman Z-Score Comparison

For the Specialty Chemicals subindustry, Srivasavi Adhesive Tapes'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.


Srivasavi Adhesive Tapes Altman Z-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Srivasavi Adhesive Tapes's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Srivasavi Adhesive Tapes's Altman Z-Score falls into.


NSE:SRIVASAVI
81GF Score
Srivasavi Adhesive Tapes Ltd NSE:SRIVASAVI
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Srivasavi Adhesive Tapes 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.

Srivasavi Adhesive Tapes'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*0.2477+1.4*0+3.3*0.0983+0.6*2.9779+1.0*1.296
=3.70

* 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 ₹849 Mil.
Total Current Assets was ₹509 Mil.
Total Current Liabilities was ₹299 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was ₹79 Mil.
Interest Expense was ₹-5 Mil.
Revenue was ₹1,100 Mil.
Market Cap (Today) was ₹1,136 Mil.
Total Liabilities was ₹381 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
=(508.878 - 298.65)/848.621
=0.2477

X2=Retained Earnings/Total Assets
=0/848.621
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(78.691 - -4.733)/848.621
=0.0983

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1136.059/381.493
=2.9779

X5=Revenue/Total Assets
=1099.828/848.621
=1.296

The zones of discrimination were as such:

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

Srivasavi Adhesive Tapes has a Altman Z-Score of 3.70 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 3.70 mean?
Srivasavi Adhesive Tapes (NSE:SRIVASAVI) has a Altman Z-Score of 3.70 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Srivasavi Adhesive Tapes and its competitors. This is 35% below median its historical median of 5.67. Over the past decade, Srivasavi Adhesive Tapes' Altman Z-Score has ranged from 2.90 to 8.60. According to the industry distribution chart, Srivasavi Adhesive Tapes ranks #675 out of 1561 companies in the Chemicals industry, placing it in the top 43.2%.
Is Srivasavi Adhesive Tapes' Altman Z-Score too high?
Srivasavi Adhesive Tapes' current Altman Z-Score of 3.70 is 35% below median its 10-year median of 5.67. Over the past 10 years, this metric has ranged from a low of 2.90 to a high of 8.60. The Chemicals industry median Altman Z-Score is 3.16. Srivasavi Adhesive Tapes' value of 3.70 is 17.1% above this industry median. Based on the distribution chart, Srivasavi Adhesive Tapes ranks #675 out of 1561 companies in the Chemicals industry, which is above the industry midpoint. Overall, Srivasavi Adhesive Tapes has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Srivasavi Adhesive Tapes' Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Srivasavi Adhesive Tapes ranks #675 out of 1561 companies for Altman Z-Score. This puts Srivasavi Adhesive Tapes in the upper half of its industry. The industry median Altman Z-Score is 3.16. Srivasavi Adhesive Tapes' value of 3.70 is 17.1% above this benchmark. Historically, Srivasavi Adhesive Tapes' own Altman Z-Score has ranged from 2.90 to 8.60 over the past decade. While the company's 10-year median is 5.67 vs. the industry median of 3.16, Srivasavi Adhesive Tapes 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.16, based on 1,561 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. Srivasavi Adhesive Tapes's current Altman Z-Score of 3.70 is 17.1% 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 Srivasavi Adhesive Tapes and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Srivasavi Adhesive Tapes's current Altman Z-Score is 3.70, which is 35% below median its own 10-year median of 5.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Srivasavi Adhesive Tapes stock overvalued right now?
Based on GuruFocus' analysis, Srivasavi Adhesive Tapes (NSE:SRIVASAVI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹139.92, compared to a current price of ₹80.15 — trading 42.7% below its estimated fair value. The current Altman Z-Score is 3.70, which is 35% below median its 10-year median of 5.67 and 17.1% above the Chemicals industry median of 3.16. Srivasavi Adhesive Tapes' overall GF Score™ is 81/100 with 9 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 Srivasavi Adhesive Tapes (NSE:SRIVASAVI), the current Altman Z-Score is 3.70 as of Jul. 11, 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 Srivasavi Adhesive Tapes (NSE:SRIVASAVI) Overvalued in 2026?

Based on GuruFocus' analysis, Srivasavi Adhesive Tapes stock appears to be undervalued. The current stock price of ₹80.15 is trading 42.7% below its estimated GF Value™ of ₹139.92. GuruFocus considers Srivasavi Adhesive Tapes to be Significantly Undervalued.

Key valuation signals for NSE:SRIVASAVI:

  • Altman Z-Score: 3.70 (35% below median its 10-year median of 5.67)
  • GF Value™: ₹139.92 vs. price of ₹80.15 (42.7% below fair value)
  • GF Score™: 81/100 with 9 warning signs
  • Industry Position: 17.1% above the Chemicals median (#675 of 1561)

No single metric tells the full story. See the NSE:SRIVASAVI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Srivasavi Adhesive Tapes Business Description

Address KSSIDC Industrial Estate, No. B - 100, Yellupura Village, Kasaba Hobli, Doddaballapur, Bangalore, KA, IND, 561203
Srivasavi Adhesive Tapes Ltd is engaged in manufacturing, coating, converting and distribution of Adhesive tapes, Die cuts, Films, Foams and allied products. The company caters to various industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Solar, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment. The company's geographical segment consists of sales within India and outside India.
81GF Score

Get the complete analysis for NSE:SRIVASAVI

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹80.15
Price
₹139.92
GF Value