Total Transport Systems (NSE:TOTAL) Altman Z-Score: 4.30 (As of Jul. 02, 2026) — 15% Below Median


NSE:TOTAL Total Transport Systems Ltd NSE:TOTAL
78 GF Score
Price ₹50.50
GF Value ₹79.58
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Total Transport Systems Altman Z-Score?

Total Transport Systems NSE:TOTAL +0.78% 78 Altman Z-Score is 4.30 as of Jul. 02, 2026, which is 15% below its 10-year median of 5.08. GuruFocus rates NSE:TOTAL with a GF Score™ of 78/100 and a GF Value™ of ₹79.58 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 994 Transportation companies, Total Transport Systems ranks better than 81.09% 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 4.3 is strong.

Total Transport Systems has a Altman Z-Score of 4.30, 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 Total Transport Systems's Altman Z-Score or its related term are showing as below:

NSE:TOTAL' s Altman Z-Score Range Over the Past 10 Years
Min: 3.35   Med: 5.08   Max: 8.63
Current: 4.3

During the past 13 years, Total Transport Systems's highest Altman Z-Score was 8.63. The lowest was 3.35. And the median was 5.08.


Total Transport Systems  (NSE:TOTAL) 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.


Total Transport Systems Altman Z-Score Related Terms


Total Transport Systems Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Total Transport Systems'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.

Total Transport Systems Altman Z-Score Chart

Total Transport Systems Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.30 8.63 4.98 5.47 4.27

Total Transport Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.47 5.70 4.94 4.91 4.27

NSE:TOTAL vs UPS, FDX, JBHT: Altman Z-Score Comparison

For the Integrated Freight & Logistics subindustry, Total Transport Systems'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.


Total Transport Systems Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Total Transport Systems's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Total Transport Systems's Altman Z-Score falls into.


NSE:TOTAL
78GF Score
Total Transport Systems Ltd NSE:TOTAL
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Total Transport Systems 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.

Total Transport Systems'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*0.2591+1.4*0+3.3*0.0772+0.6*0.8084+1.0*3.2499
=4.30

* 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 ₹1,913 Mil.
Total Current Assets was ₹1,404 Mil.
Total Current Liabilities was ₹909 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 4.305 + 33.956 + 30.537 + 39.339 = ₹108 Mil.
Interest Expense was -10.066 + -9.714 + -9.899 + -9.892 = ₹-40 Mil.
Revenue was 1546.869 + 1559.939 + 1634.626 + 1474.419 = ₹6,216 Mil.
Market Cap (Today) was ₹814 Mil.
Total Liabilities was ₹1,007 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
=(1404.251 - 908.716)/1912.653
=0.2591

X2=Retained Earnings/Total Assets
=0/1912.653
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(108.137 - -39.571)/1912.653
=0.0772

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=814.412/1007.427
=0.8084

X5=Revenue/Total Assets
=6215.853/1912.653
=3.2499

The zones of discrimination were as such:

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

Total Transport Systems has a Altman Z-Score of 4.30 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 4.30 mean?
Total Transport Systems (NSE:TOTAL) has a Altman Z-Score of 4.30 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Total Transport Systems and its competitors. This is 15% below median its historical median of 5.08. Over the past decade, Total Transport Systems' Altman Z-Score has ranged from 3.35 to 8.63. According to the industry distribution chart, Total Transport Systems ranks #188 out of 994 companies in the Transportation industry, placing it in the top 18.9%.
Is Total Transport Systems' Altman Z-Score too high?
Total Transport Systems' current Altman Z-Score of 4.30 is 15% below median its 10-year median of 5.08. Over the past 10 years, this metric has ranged from a low of 3.35 to a high of 8.63. The Transportation industry median Altman Z-Score is 2.27. Total Transport Systems' value of 4.30 is 89.4% above this industry median. Based on the distribution chart, Total Transport Systems ranks #188 out of 994 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Total Transport Systems has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Total Transport Systems' Altman Z-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Total Transport Systems ranks #188 out of 994 companies for Altman Z-Score. This places Total Transport Systems in the top 19% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.27. Total Transport Systems' value of 4.30 is 89.4% above this benchmark. Historically, Total Transport Systems' own Altman Z-Score has ranged from 3.35 to 8.63 over the past decade. While the company's 10-year median is 5.08 vs. the industry median of 2.27, Total Transport Systems 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 994 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. Total Transport Systems's current Altman Z-Score of 4.30 is 89.4% 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 Total Transport Systems and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Total Transport Systems's current Altman Z-Score is 4.30, which is 15% below median its own 10-year median of 5.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Total Transport Systems stock overvalued right now?
Based on GuruFocus' analysis, Total Transport Systems (NSE:TOTAL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹79.58, compared to a current price of ₹50.50 — trading 36.5% below its estimated fair value. The current Altman Z-Score is 4.30, which is 15% below median its 10-year median of 5.08 and 89.4% above the Transportation industry median of 2.27. Total Transport Systems' overall GF Score™ is 78/100 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 Total Transport Systems (NSE:TOTAL), the current Altman Z-Score is 4.30 as of Jul. 02, 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 Total Transport Systems (NSE:TOTAL) Overvalued in 2026?

Based on GuruFocus' analysis, Total Transport Systems stock appears to be undervalued. The current stock price of ₹50.50 is trading 36.5% below its estimated GF Value™ of ₹79.58. GuruFocus considers Total Transport Systems to be Significantly Undervalued.

Key valuation signals for NSE:TOTAL:

  • Altman Z-Score: 4.30 (15% below median its 10-year median of 5.08)
  • GF Value™: ₹79.58 vs. price of ₹50.50 (36.5% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 89.4% above the Transportation median (#188 of 994)

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


Total Transport Systems Business Description

Address T Square Building, Saki Vihar Road, 7th Floor, Chandivali Junction, Andheri (East), Opposite Chandivali Petrol Pump, Mumbai, MH, IND, 400072
Total Transport Systems Ltd is engaged in the logistics business. The company is engaged in the business of consolidation/deconsolidation of cargo, freight forwarding, logistics, warehousing, and transportation. The company provides various services such as CFS Operations, LCL Services, Project Cargo Movement, Air services, Specialised services, and others. Its segments include Multimodal transport operations and Last mile delivery operations of which key revenue is generated from the Multimodal transport operations segment involving non-vessel owing common carrier operations related to less than container load consolidation and full container load forwarding activities in India and across the globe.
78GF Score

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

₹50.50
Price
₹79.58
GF Value