Vision Infra Equipment Solutions (NSE:VIESL) Altman Z-Score: 1.93 (As of Jul. 05, 2026) — Near Median


NSE:VIESL Vision Infra Equipment Solutions Ltd NSE:VIESL
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What is Vision Infra Equipment Solutions Altman Z-Score?

Vision Infra Equipment Solutions NSE:VIESL -1.76% 47 Altman Z-Score is 1.93 as of Jul. 05, 2026, which is 1% above its 10-year median of 1.92. GuruFocus rates NSE:VIESL with a GF Score™ of 47/100. The stock has 6 warning signs investors should review. Among 1,060 Business Services companies, Vision Infra Equipment Solutions ranks worse than 68.77% 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 1.93 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.

Vision Infra Equipment Solutions has a Altman Z-Score of 1.93, indicating it is in Grey Zones. This implies that Vision Infra Equipment Solutions 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 Vision Infra Equipment Solutions's Altman Z-Score or its related term are showing as below:

NSE:VIESL' s Altman Z-Score Range Over the Past 10 Years
Min: 1.74   Med: 1.92   Max: 2.1
Current: 1.93

During the past 6 years, Vision Infra Equipment Solutions's highest Altman Z-Score was 2.10. The lowest was 1.74. And the median was 1.92.


Vision Infra Equipment Solutions  (NSE:VIESL) 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.


Vision Infra Equipment Solutions Altman Z-Score Related Terms


Vision Infra Equipment Solutions Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Vision Infra Equipment Solutions'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.

Vision Infra Equipment Solutions Altman Z-Score Chart

Vision Infra Equipment Solutions Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 2.10 1.74

Vision Infra Equipment Solutions Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Sep24 Mar25 Mar26
Altman Z-Score Get a 7-Day Free Trial 0.00 0.00 0.00 2.10 1.74

NSE:VIESL vs URI, SUNB, AER: Altman Z-Score Comparison

For the Rental & Leasing Services subindustry, Vision Infra Equipment Solutions'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.


Vision Infra Equipment Solutions Altman Z-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Vision Infra Equipment Solutions's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Vision Infra Equipment Solutions's Altman Z-Score falls into.


NSE:VIESL
47GF Score
Vision Infra Equipment Solutions Ltd NSE:VIESL
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Vision Infra Equipment Solutions 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.

Vision Infra Equipment Solutions'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*0.0198+1.4*0+3.3*0.1394+0.6*1.2562+1.0*0.6933
=1.93

* 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 ₹8,755 Mil.
Total Current Assets was ₹3,780 Mil.
Total Current Liabilities was ₹3,607 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was ₹860 Mil.
Interest Expense was ₹-360 Mil.
Revenue was ₹6,070 Mil.
Market Cap (Today) was ₹7,698 Mil.
Total Liabilities was ₹6,128 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
=(3780.107 - 3606.834)/8755.15
=0.0198

X2=Retained Earnings/Total Assets
=0/8755.15
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(860.408 - -360.18)/8755.15
=0.1394

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=7698.286/6128.412
=1.2562

X5=Revenue/Total Assets
=6070.02/8755.15
=0.6933

The zones of discrimination were as such:

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

Vision Infra Equipment Solutions has a Altman Z-Score of 1.93 indicating it is in Grey 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 1.93 mean?
Vision Infra Equipment Solutions (NSE:VIESL) has a Altman Z-Score of 1.93 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vision Infra Equipment Solutions and its competitors. This is near median its historical median of 1.92. Over the past decade, Vision Infra Equipment Solutions' Altman Z-Score has ranged from 1.74 to 2.10. According to the industry distribution chart, Vision Infra Equipment Solutions ranks #729 out of 1060 companies in the Business Services industry, placing it in the top 68.8%.
Is Vision Infra Equipment Solutions' Altman Z-Score too high?
Vision Infra Equipment Solutions' current Altman Z-Score of 1.93 is near median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 2.10. The Business Services industry median Altman Z-Score is 2.97. Vision Infra Equipment Solutions' value of 1.93 is 35% below this industry median. Based on the distribution chart, Vision Infra Equipment Solutions ranks #729 out of 1060 companies in the Business Services industry, which is below the industry midpoint. Overall, Vision Infra Equipment Solutions has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Vision Infra Equipment Solutions' Altman Z-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, Vision Infra Equipment Solutions ranks #729 out of 1060 companies for Altman Z-Score. This places Vision Infra Equipment Solutions in the lower half of its industry. The industry median Altman Z-Score is 2.97. Vision Infra Equipment Solutions' value of 1.93 is 35% below this benchmark. Historically, Vision Infra Equipment Solutions' own Altman Z-Score has ranged from 1.74 to 2.10 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 2.97, Vision Infra Equipment Solutions has consistently been below 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.97, based on 1,060 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. Vision Infra Equipment Solutions's current Altman Z-Score of 1.93 is 35% below 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 Vision Infra Equipment Solutions and its competitors. For the Business Services industry, the median Altman Z-Score is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vision Infra Equipment Solutions's current Altman Z-Score is 1.93, which is near median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vision Infra Equipment Solutions stock overvalued right now?
Vision Infra Equipment Solutions (NSE:VIESL) has a current Altman Z-Score of 1.93. The current Altman Z-Score is 1.93, which is near median its 10-year median of 1.92 and 35% below the Business Services industry median of 2.97. Vision Infra Equipment Solutions' overall GF Score™ is 47/100 with 6 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 Vision Infra Equipment Solutions (NSE:VIESL), the current Altman Z-Score is 1.93 as of Jul. 05, 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.

Vision Infra Equipment Solutions Business Description

Address International BusinessBay, Shop No 401-405, Bhawani, 4th floor, Gurunanak Nagar, Bhavani Peth, Pune, MH, IND, 411042
Vision Infra Equipment Solutions Ltd is a solution provider in the equipment space, delivering its services in airports, smart cities, irrigation, buildings & factories, mining, railways, etc. Its portfolio of services includes: renting of road construction equipment and trading and refurbishment of this equipment. Its services offer several advantages, such as improved efficiency, cost control, and a streamlined supply chain. The company's business of renting road construction equipment is executed in two rental modes based on: (i) time-based pricing and (ii) output-based pricing. The company has two segments, including Rental Services and Trading and Refurbishment Products.
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