Mailung Khola Jal Vidhyut Co (XNEP:MKJC) Altman Z-Score: 3.11 (As of Jul. 29, 2026) — Near Median

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XNEP:MKJC Mailung Khola Jal Vidhyut Co Ltd XNEP:MKJC
69 GF Score
Price NPR471.90
GF Value NPR540.75
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Mailung Khola Jal Vidhyut Co Altman Z-Score?

Mailung Khola Jal Vidhyut Co XNEP:MKJC -0.02% 69 Altman Z-Score is 3.11 as of Jul. 29, 2026, which is 6% below its 10-year median of 3.32. GuruFocus rates XNEP:MKJC with a GF Score™ of 69/100 and a GF Value™ of NPR540.75 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 416 Utilities - Independent Power Producers companies, Mailung Khola Jal Vidhyut Co ranks better than 82.93% 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 3.2 is strong.

Mailung Khola Jal Vidhyut Co has a Altman Z-Score of 3.11, 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 Mailung Khola Jal Vidhyut Co's Altman Z-Score or its related term are showing as below:

XNEP:MKJC' s Altman Z-Score Range Over the Past 10 Years
Min: 2.25   Med: 3.32   Max: 3.65
Current: 3.2

During the past 5 years, Mailung Khola Jal Vidhyut Co's highest Altman Z-Score was 3.65. The lowest was 2.25. And the median was 3.32.


Mailung Khola Jal Vidhyut Co  (XNEP:MKJC) 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.


Mailung Khola Jal Vidhyut Co Altman Z-Score Related Terms


Mailung Khola Jal Vidhyut Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Mailung Khola Jal Vidhyut 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.

Mailung Khola Jal Vidhyut Co Altman Z-Score Chart

Mailung Khola Jal Vidhyut Co Annual Data
Trend Jul21 Jul22 Jul23 Jul24 Jul25
Altman Z-Score
0.00 2.88 2.25 3.46 3.52

Mailung Khola Jal Vidhyut Co Quarterly Data
Jul22 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.30 3.52 3.45 3.34 2.53

Mailung Khola Jal Vidhyut Co Altman Z-Score Competitor Comparison

For the Utilities - Renewable subindustry, Mailung Khola Jal Vidhyut 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.


Mailung Khola Jal Vidhyut Co Altman Z-Score vs Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Mailung Khola Jal Vidhyut Co's Altman Z-Score falls into.


XNEP:MKJC
69GF Score
Mailung Khola Jal Vidhyut Co Ltd XNEP:MKJC
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mailung Khola Jal Vidhyut 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.

Mailung Khola Jal Vidhyut 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*0.0595+1.4*0.0197+3.3*0.0224+0.6*4.6968+1.0*0.1199
=3.11

* 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 Apr. 2026:
Total Assets was NPR771.68 Mil.
Total Current Assets was NPR146.84 Mil.
Total Current Liabilities was NPR100.94 Mil.
Retained Earnings was NPR15.23 Mil.
Pre-Tax Income was -7.951 + 9.268 + 11.335 + -15.265 = NPR-2.61 Mil.
Interest Expense was -3.633 + -5.148 + -5.285 + -5.854 = NPR-19.92 Mil.
Revenue was 17.323 + 29.75 + 32.188 + 13.264 = NPR92.53 Mil.
Market Cap (Today) was NPR1,775.85 Mil.
Total Liabilities was NPR378.10 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
=(146.835 - 100.941)/771.675
=0.0595

X2=Retained Earnings/Total Assets
=15.226/771.675
=0.0197

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-2.613 - -19.92)/771.675
=0.0224

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1775.854/378.1
=4.6968

X5=Revenue/Total Assets
=92.525/771.675
=0.1199

The zones of discrimination were as such:

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

Mailung Khola Jal Vidhyut Co has a Altman Z-Score of 3.11 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 3.11 mean?
Mailung Khola Jal Vidhyut Co (XNEP:MKJC) has a Altman Z-Score of 3.11 as of Jul. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Mailung Khola Jal Vidhyut Co and its competitors. This is near median its historical median of 3.32. Over the past decade, Mailung Khola Jal Vidhyut Co's Altman Z-Score has ranged from 2.25 to 3.65. According to the industry distribution chart, Mailung Khola Jal Vidhyut Co ranks #71 out of 416 companies in the Utilities - Independent Power Producers industry, placing it in the top 17.1%.
Is Mailung Khola Jal Vidhyut Co's Altman Z-Score too high?
Mailung Khola Jal Vidhyut Co's current Altman Z-Score of 3.11 is near median its 10-year median of 3.32. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 3.65. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.23. Mailung Khola Jal Vidhyut Co's value of 3.11 is 152.8% above this industry median. Based on the distribution chart, Mailung Khola Jal Vidhyut Co ranks #71 out of 416 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Mailung Khola Jal Vidhyut Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mailung Khola Jal Vidhyut Co's Altman Z-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Mailung Khola Jal Vidhyut Co ranks #71 out of 416 companies for Altman Z-Score. This places Mailung Khola Jal Vidhyut Co in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.23. Mailung Khola Jal Vidhyut Co's value of 3.11 is 152.8% above this benchmark. Historically, Mailung Khola Jal Vidhyut Co's own Altman Z-Score has ranged from 2.25 to 3.65 over the past decade. While the company's 10-year median is 3.32 vs. the industry median of 1.23, Mailung Khola Jal Vidhyut 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 1.23, based on 416 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. Mailung Khola Jal Vidhyut Co's current Altman Z-Score of 3.11 is 152.8% 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 Mailung Khola Jal Vidhyut Co and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mailung Khola Jal Vidhyut Co's current Altman Z-Score is 3.11, which is near median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mailung Khola Jal Vidhyut Co stock overvalued right now?
Based on GuruFocus' analysis, Mailung Khola Jal Vidhyut Co (XNEP:MKJC) is currently considered Modestly Undervalued. The stock's GF Value™ is NPR540.75, compared to a current price of NPR471.90 — trading 12.7% below its estimated fair value. The current Altman Z-Score is 3.11, which is near median its 10-year median of 3.32 and 152.8% above the Utilities - Independent Power Producers industry median of 1.23. Mailung Khola Jal Vidhyut Co's overall GF Score™ is 69/100 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 Mailung Khola Jal Vidhyut Co (XNEP:MKJC), the current Altman Z-Score is 3.11 as of Jul. 29, 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 Mailung Khola Jal Vidhyut Co (XNEP:MKJC) Overvalued in 2026?

Based on GuruFocus' analysis, Mailung Khola Jal Vidhyut Co stock appears to be undervalued. The current stock price of NPR471.90 is trading 12.7% below its estimated GF Value™ of NPR540.75. GuruFocus considers Mailung Khola Jal Vidhyut Co to be Modestly Undervalued.

Key valuation signals for XNEP:MKJC:

  • Altman Z-Score: 3.11 (near median its 10-year median of 3.32)
  • GF Value™: NPR540.75 vs. price of NPR471.90 (12.7% below fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 152.8% above the Utilities - Independent Power Producers median (#71 of 416)

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


Mailung Khola Jal Vidhyut Co Business Description

Address Uttar Dhoka, Tejbhawan, Kathmandu, NPL
Mailung Khola Jal Vidhyut Co Ltd is engaged in developing and investing in hydropower projects in Nepal. The company has developed a 5 MW Mailung Khola Hydropower Project in Rasuwa District, generating clean energy for Nepal.
69GF Score

Get the complete analysis for XNEP:MKJC

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

NPR471.90
Price
NPR540.75
GF Value