Butwal Power Co (XNEP:BPCL) Altman Z-Score: 16.25 (As of Jul. 22, 2026) — 148% Above Median

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XNEP:BPCL Butwal Power Co Ltd XNEP:BPCL
85 GF Score
Price NPR673.00
GF Value NPR725.85
Valuation Fairly Valued
! 2 Warning Signs
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What is Butwal Power Co Altman Z-Score?

Butwal Power Co XNEP:BPCL -0.30% 85 Altman Z-Score is 16.25 as of Jul. 22, 2026, which is 148% above its 10-year median of 6.55. GuruFocus rates XNEP:BPCL with a GF Score™ of 85/100 and a GF Value™ of NPR725.85 (Fairly Valued). The stock has 2 warning signs investors should review. Among 415 Utilities - Independent Power Producers companies, Butwal Power Co ranks better than 97.35% 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 16.14 is strong.

Butwal Power Co has a Altman Z-Score of 16.25, 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 Butwal Power Co's Altman Z-Score or its related term are showing as below:

XNEP:BPCL' s Altman Z-Score Range Over the Past 10 Years
Min: 1.32   Med: 6.55   Max: 18.7
Current: 16.14

During the past 13 years, Butwal Power Co's highest Altman Z-Score was 18.70. The lowest was 1.32. And the median was 6.55.


Butwal Power Co  (XNEP:BPCL) 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.


Butwal Power Co Altman Z-Score Related Terms


Butwal Power Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Butwal Power Co'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.

Butwal Power Co Altman Z-Score Chart

Butwal Power Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.45 1.67 1.52 1.32 2.29

Butwal Power Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 9.83 11.79 2.29 14.59 18.70

Butwal Power Co Altman Z-Score Competitor Comparison

For the Utilities - Renewable subindustry, Butwal Power Co'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.


Butwal Power Co Altman Z-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Butwal Power Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Butwal Power Co's Altman Z-Score falls into.


XNEP:BPCL
85GF Score
Butwal Power Co Ltd XNEP:BPCL
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Butwal Power Co 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.

Butwal Power Co'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*0.1105+1.4*0+3.3*0.1169+0.6*25.1977+1.0*0.6161
=16.25

* 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 Jan. 2026:
Total Assets was NPR8,015 Mil.
Total Current Assets was NPR1,217 Mil.
Total Current Liabilities was NPR331 Mil.
Retained Earnings was NPR0 Mil.
Pre-Tax Income was 161.527 + 106.406 + 14.236 + 152.308 = NPR434 Mil.
Interest Expense was -2.89 + -8.831 + -493.496 + 2.691 = NPR-503 Mil.
Revenue was 222.83 + 241.214 + 4156.452 + 317.521 = NPR4,938 Mil.
Market Cap (Today) was NPR22,943 Mil.
Total Liabilities was NPR911 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
=(1216.956 - 331.441)/8014.872
=0.1105

X2=Retained Earnings/Total Assets
=0/8014.872
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(434.477 - -502.526)/8014.872
=0.1169

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=22943.005/910.519
=25.1977

X5=Revenue/Total Assets
=4938.017/8014.872
=0.6161

The zones of discrimination were as such:

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

Butwal Power Co has a Altman Z-Score of 16.25 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 16.25 mean?
Butwal Power Co (XNEP:BPCL) has a Altman Z-Score of 16.25 as of Jul. 22, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Butwal Power Co and its competitors. This is 148% above median its historical median of 6.55. Over the past decade, Butwal Power Co's Altman Z-Score has ranged from 1.32 to 18.70. According to the industry distribution chart, Butwal Power Co ranks #11 out of 415 companies in the Utilities - Independent Power Producers industry, placing it in the top 2.7%.
Is Butwal Power Co's Altman Z-Score too high?
Butwal Power Co's current Altman Z-Score of 16.25 is 148% above median its 10-year median of 6.55. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 18.70. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.22. Butwal Power Co's value of 16.25 is 1232% above this industry median. Based on the distribution chart, Butwal Power Co ranks #11 out of 415 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Butwal Power Co has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Butwal Power Co's Altman Z-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Butwal Power Co ranks #11 out of 415 companies for Altman Z-Score. This places Butwal Power Co in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.22. Butwal Power Co's value of 16.25 is 1232% above this benchmark. Historically, Butwal Power Co's own Altman Z-Score has ranged from 1.32 to 18.70 over the past decade. While the company's 10-year median is 6.55 vs. the industry median of 1.22, Butwal Power Co 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 an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.22, based on 415 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. Butwal Power Co's current Altman Z-Score of 16.25 is 1232% 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 Butwal Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Butwal Power Co's current Altman Z-Score is 16.25, which is 148% above median its own 10-year median of 6.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Butwal Power Co stock overvalued right now?
Based on GuruFocus' analysis, Butwal Power Co (XNEP:BPCL) is currently considered Fairly Valued. The stock's GF Value™ is NPR725.85, compared to a current price of NPR673.00 — trading 7.3% below its estimated fair value. The current Altman Z-Score is 16.25, which is 148% above median its 10-year median of 6.55 and 1232% above the Utilities - Independent Power Producers industry median of 1.22. Butwal Power Co's overall GF Score™ is 85/100 with 2 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 Butwal Power Co (XNEP:BPCL), the current Altman Z-Score is 16.25 as of Jul. 22, 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 Butwal Power Co (XNEP:BPCL) Overvalued in 2026?

Based on GuruFocus' analysis, Butwal Power Co stock appears to be undervalued. The current stock price of NPR673.00 is trading 7.3% below its estimated GF Value™ of NPR725.85. GuruFocus considers Butwal Power Co to be Fairly Valued.

Key valuation signals for XNEP:BPCL:

  • Altman Z-Score: 16.25 (148% above median its 10-year median of 6.55)
  • GF Value™: NPR725.85 vs. price of NPR673.00 (7.3% below fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 1232% above the Utilities - Independent Power Producers median (#11 of 415)

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


Butwal Power Co Business Description

Address Gangadevi Marga - 313, P.O. Box: 11728, Buddha Nagar, Kathmandu, NPL
Butwal Power Co Ltd is engaged in generation and distribution of electricity. The company is engaged in the development, operation, and maintenance of hydropower plants, engineering and design consultancy of hydropower and infrastructure projects, and manufacturing and repair of hydro-mechanical and electro-mechanical equipment for power plants through its subsidiary companies.
85GF Score

Get the complete analysis for XNEP:BPCL

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

NPR673.00
Price
NPR725.85
GF Value