Tilaknagar IndustriesNSE:TI +0.26%85 Altman Z-Score is 2.83 as of Jul. 03, 2026, which is 107% above its 10-year median of 1.37. GuruFocus rates NSE:TI with a GF Score™ of 85/100 and a GF Value™ of ₹498.85 (Fairly Valued). The stock has 7 warning signs investors should review. Among 208 Beverages - Alcoholic companies, Tilaknagar Industries ranks worse than 50.48% 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.
Warning Sign:
Altman Z-score of 2.73 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Tilaknagar Industries has a Altman Z-Score of 2.83, indicating it is in Grey Zones. This implies that Tilaknagar Industries 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 Tilaknagar Industries's Altman Z-Score or its related term are showing as below:
NSE:TI'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.98 Med: 1.37 Max: 10.8
Current: 2.73
During the past 13 years, Tilaknagar Industries's highest Altman Z-Score was 10.80. The lowest was -0.98. And the median was 1.37.
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.
Tilaknagar Industries Altman Z-Score Related Terms
Tilaknagar Industries Altman Z-Score Historical Data
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The historical data trend for Tilaknagar Industries'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 Beverages - Wineries & Distilleries subindustry, Tilaknagar Industries'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.
Tilaknagar Industries Altman Z-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Tilaknagar Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Tilaknagar Industries'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.
* 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.
Tilaknagar Industries (NSE:TI) has a Altman Z-Score of 2.83 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tilaknagar Industries and its competitors. This is 107% above median its historical median of 1.37. According to the industry distribution chart, Tilaknagar Industries ranks #105 out of 208 companies in the Beverages - Alcoholic industry, placing it in the top 50.5%.
Is Tilaknagar Industries' Altman Z-Score too high?
Tilaknagar Industries' current Altman Z-Score of 2.83 is 107% above median its 10-year median of 1.37. The Beverages - Alcoholic industry median Altman Z-Score is 2.74. Tilaknagar Industries' value of 2.83 is 3.3% above this industry median. Based on the distribution chart, Tilaknagar Industries ranks #105 out of 208 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Tilaknagar Industries has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tilaknagar Industries' Altman Z-Score compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Tilaknagar Industries ranks #105 out of 208 companies for Altman Z-Score. This places Tilaknagar Industries in the lower half of its industry. The industry median Altman Z-Score is 2.74. Tilaknagar Industries' value of 2.83 is 3.3% above this benchmark. While the company's 10-year median is 1.37 vs. the industry median of 2.74, Tilaknagar Industries 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 Beverages - Alcoholic company?
The median Altman Z-Score among Beverages - Alcoholic companies is 2.74, based on 208 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. Tilaknagar Industries's current Altman Z-Score of 2.83 is 3.3% 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 Tilaknagar Industries and its competitors. For the Beverages - Alcoholic industry, the median Altman Z-Score is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tilaknagar Industries's current Altman Z-Score is 2.83, which is 107% above median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tilaknagar Industries stock overvalued right now?
Based on GuruFocus' analysis, Tilaknagar Industries (NSE:TI) is currently considered Fairly Valued. The stock's GF Value™ is ₹498.85, compared to a current price of ₹454.40 — trading 8.9% below its estimated fair value. The current Altman Z-Score is 2.83, which is 107% above median its 10-year median of 1.37 and 3.3% above the Beverages - Alcoholic industry median of 2.74. Tilaknagar Industries' overall GF Score™ is 85/100 with 7 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 Tilaknagar Industries (NSE:TI), the current Altman Z-Score is 2.83 as of Jul. 03, 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 Tilaknagar Industries (NSE:TI) Overvalued in 2026?
Based on GuruFocus' analysis, Tilaknagar Industries stock appears to be undervalued.
The current stock price of ₹454.40 is trading 8.9% below its estimated GF Value™ of ₹498.85.
GuruFocus considers Tilaknagar Industries to be Fairly Valued.
Key valuation signals for NSE:TI:
Altman Z-Score: 2.83 (107% above median its 10-year median of 1.37)
GF Value™: ₹498.85 vs. price of ₹454.40 (8.9% below fair value)
Industry Position: 3.3% above the Beverages - Alcoholic median (#105 of 208)
No single metric tells the full story. See the NSE:TI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tilaknagar Industries Ltd is engaged in the manufacturing and sale of Indian-made foreign liquor and its related products. Its portfolio of brands in various liquor categories including brandy, whisky, vodka, gin, and rum. Geographically the company exports its products to the Middle East, East and West Africa, South-East Asia, and Europe. Its brand comprises Mansion House Brandy, Courrier Napoleon Brandy - Green, Courrier Napoleon Brandy - Red, Madira XXX Rum, and Others.
85GF Score
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