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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 4.86 is strong.
Utkal Speciality Industries India has a Altman Z-Score of 4.98, 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 Utkal Speciality Industries India's Altman Z-Score or its related term are showing as below:
NSE:UTKAL'
s Altman Z-Score Range Over the Past 10 Years
Min: 0 Med: 0 Max: 4.86
Current: 4.86
During the past 3 years, Utkal Speciality Industries India's highest Altman Z-Score was 4.86. The lowest was 0.00. And the median was 0.00.
Utkal Speciality Industries India (NSE:UTKAL) 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.
* 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.
Utkal Speciality Industries India Altman Z-Score Chart
Utkal Speciality Industries India Annual Data
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Utkal Speciality Industries India Semi-Annual Data
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Utkal Speciality Industries India Altman Z-Score Competitor Comparison
For the Paper & Paper Products subindustry, Utkal Speciality Industries India'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.
Utkal Speciality Industries India Altman Z-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Utkal Speciality Industries India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Utkal Speciality Industries India's Altman Z-Score falls into.
Utkal Speciality Industries India 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.
* 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.
Utkal Speciality Industries India (NSE:UTKAL) has a Altman Z-Score of 4.98 as of Aug. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Utkal Speciality Industries India and its competitors. According to the industry distribution chart, Utkal Speciality Industries India ranks #31 out of 282 companies in the Forest Products industry, placing it in the top 11%.
Is Utkal Speciality Industries India's Altman Z-Score too high?
Utkal Speciality Industries India's current Altman Z-Score is 4.98. The Forest Products industry median Altman Z-Score is 1.84. Utkal Speciality Industries India's value of 4.98 is 170.7% above this industry median. Based on the distribution chart, Utkal Speciality Industries India ranks #31 out of 282 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Utkal Speciality Industries India has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Utkal Speciality Industries India's Altman Z-Score compare to competitors?
According to the Forest Products industry distribution chart, Utkal Speciality Industries India ranks #31 out of 282 companies for Altman Z-Score. This places Utkal Speciality Industries India in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.84. Utkal Speciality Industries India's value of 4.98 is 170.7% above this benchmark. 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 Forest Products company?
The median Altman Z-Score among Forest Products companies is 1.84, based on 282 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. Utkal Speciality Industries India's current Altman Z-Score of 4.98 is 170.7% 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 Utkal Speciality Industries India and its competitors. For the Forest Products industry, the median Altman Z-Score is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Utkal Speciality Industries India's current Altman Z-Score is 4.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Utkal Speciality Industries India stock overvalued right now?
Utkal Speciality Industries India (NSE:UTKAL) has a current Altman Z-Score of 4.98. The current Altman Z-Score is 4.98 and 170.7% above the Forest Products industry median of 1.84. Utkal Speciality Industries India's overall GF Score™ is 18/100 with 1 warning sign 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 Utkal Speciality Industries India (NSE:UTKAL), the current Altman Z-Score is 4.98 as of Aug. 13, 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.
Utkal Speciality Industries India Ltd is engaged in the manufacturing of paper-based products and packaging materials. Its product portfolio includes paper-based products for everyday use and special occasions, serving a range of consumer and commercial applications. Its offerings include Coated Paper, Paper Cups & Glasses, Paper Plates & Bowls, Grease Proof Paper Sheets, Paper Straws, Paper Sweet Boxes, etc. The majority of the company's revenue is derived from the sale of these Paper-based Products.
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