Altman Z Score Analysis of Azure Power Global Ltd - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Altman Z Score
Period Ending - Mar-21
Poor Altman Z Score
0.173
Period Ending - Mar-20
Poor Altman Z Score
0.277
Growth
-37.36 %
Latest Altman Z Score
Period Ending - 31-May-24
Poor Altman Z Score
0.173
Key Inputs in Deriving Altman Z Score
| (Net Working Capital / Total Assets ) * 1.2 ( 230.30 Cr / 14846.50 Cr ) * 1.2 | 0.0186 |
| (Retained Earning / Total Assets ) * 1.4 ( -1278.60 Cr / 14846.50 Cr ) * 1.4 | -0.121 |
| (EBIT / Total Assets ) * 3.3 ( 776.70 Cr / 14846.50 Cr ) * 3.3 | 0.173 |
| (Total Revenue / Total Assets ) ( 1523.60 Cr / 14846.50 Cr ) | 0.103 |
| (Market Cap / Total Liabilities ) *.6 ( 1.90 Cr / 12401.30 Cr ) *.6 | 0.0001 |
| Altman Z Score | 0.173 |
Altman Z Score Analysis of Azure Power Global Ltd
| Altman Z Score Ratio with value of 0.360 was highest in Year Mar-18 in last Five Years. |
| Altman Z Score Ratio with value of 0.076 was lowest in Year Mar-17 in last Five Years. |
| Latest Altman Z Score Ratio with value of 0.173 is lower than Average Altman Z Score of 0.217 in last five years. |
Other Altman Z Score Related Info of AZRE that may interest you.
Azure Power Global Ltd Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| AZRE | 0.2968 | 0.4 | 25.80 % | Utilities-Renewable |
Defination of Altman Z Score
Altman Z Score is a widely used metric by analysts and investors to analyze companies' financial position. It indicates that the companies' risks were increasing, and they may have been heading towards bankruptcy. It does not only indicate whether companies are moving towards bankruptcy, but it also indicates how financially stable and healthy they are. more ..
Altman Z Score Related Ratios
| PiotroskiFScore | DebtToEquityRatio |
Tsr Stability Index
| Poor Stability Stock | |
FY - Historical Altman Z Score of Azure Power Global Ltd
| Period | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 | Mar-16 | Mar-15 |
|---|---|---|---|---|---|---|---|
| Altman Z Score | 0.173 | 0.277 | 0.202 | 0.360 | 0.076 | -0.0119 | -0.114 |
| Change | -37.36 % | 37.08 % | -43.87 % | 373.51 % | 735.70 % | 89.54 % | 42.78 % |
FY Chart of Altman Z Score of Azure Power Global Ltd
Note : All Data Generated at the End of Trading Hours (EOD Data)