India Globalization Capital (IGC)
India Globalization Capital Altman Z-Score: -2.494
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IGC Altman Z-Score Rankings
| Overall | 4th percentile | 3391 of 3554 |
| Sector | 3rd percentile | 290 of 299 in Industrial Goods |
| Industry | 0th percentile | 18 of 18 in Heavy Construction |
IGC Altman Z-Score Range, Past 5 Years
| Minimum | -5.593 | Sep 2011 |
| Maximum | 1.161 | Mar 2009 |
| Average | -1.154 |
About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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IGC News
about 25 days ago by islander
about 29 days ago by islander
about 41 days ago by islander
Feb 16, 8:00AM Marketwire
about 105 days ago by MarketBrief
about 107 days ago by MarketBrief
about 138 days ago by MarketBrief
Dec 30, 2:52PM Benzinga
about 169 days ago by MarketBrief
about 171 days ago by MarketBrief
about 173 days ago by MarketBrief
Nov 21, 6:21PM Marketwire
Oct 18, 8:42AM Benzinga
Aug 19, 8:00AM Marketwire
Aug 09, 12:18PM FlyOnTheWall
Aug 09, 11:13AM Marketwire
Jul 11, 9:56AM FlyOnTheWall
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IGC | 0.2191 | -0.00 | -0.41% | 4.611M |
| IGA | 10.87 | -0.10 | -0.91% | |
| IG | 1.04 | +0.01 | +0.97% | 41.08M |
| IFT | 4.18 | +0.00 | +0.00% | 88.62M |
| IFSM | 31.41 | +0.43 | +1.39% | |
| IFSIA | 12.80 | -0.05 | -0.39% | 840.78M |
| LTS | 1.45 | -0.02 | -1.36% | 270.61M |
| LTRX | 2.08 | +0.01 | +0.48% | 22.01M |
| LTRE | 4.60 | -0.15 | -3.16% | 64.17M |
| LTPZ | 69.68 | +0.84 | +1.22% |
