Z-Score 

= 1.2A + 1.4B + 3.3C + 0.6D + 1.0E ITC LTD Rs/Crs

A = working capital / total assets Profit and Loss Mar-20

B = retained earnings / total assets Sales 49,404.00

C = earnings before interest and tax / total assets Other Income 2,597.00

D = market value of equity / total liabilities Total Income 52,001.00

E = sales / total assets Total Expenditure 31,920.00

EBIT 20,081.00
Interest 54.00
Tax 4,441.00
A score below 1.8 means it's likely the company is 15,584.00
Net Profit
headed for bankruptcy, while companies with scores
above 3 are not likely to go bankrupt. Investors can
use Altman Z-scores to determine whether they should Balance Sheet
buy or sell a stock if they're concerned about the Equities & Liabilities Mar-20
company's underlying financial strength. Investors may
consider purchasing a stock if its Altman Z-Score value Share Capital 1,229.00
is closer to 3 and selling or shorting a stock if the value 62,021.00
Reserves & Surplus
is closer to 1.8.
Current Liabilities 9,559.00
Other Liabilities 4,556.00
Total Liabilities 77,367.00
Assets
Fixed Assets 24,767.00
Current Assets 39,505.00
Other Assets 13,094.00
Total Assets 77,367.00

Market price of share 184

Outstanding Shares 1230.838 Crs

SUZLON
Profit and Loss Mar-20
Sales 2,972
Other Income 27
Total Income 3,000
Total Expenditure 4,317
EBIT -1,316
Interest 1,367
Tax 7
Net Profit 674
Net Profit -2,691

Balance Sheet
Equities & Liabilities Mar-20
Share Capital 1,063
Reserves & Surplus -12,075
Current Liabilities 16,545
Other Liabilities 996
Total Liabilities 6,530
Assets
Fixed Assets 1,472
Current Assets 4,694
Other Assets 362
Total Assets 6,530

No of Equity Shares 830.411 Crores

Price 3.67

NPV
7%
12%
-3278 0
8076
9.16%
 3 Funds Operational efficiency
2 Cosistency of performance
1 Profit Operational profit
5 Market perception on the company's solvency
4 Scale of opearation

0 1.8 3

Red Zone Grey Zone Green Zone

Working Capital 29,946.00
Total Assets 77367
Retained Earnings 62021 12.70884
EBIT 20081
MV of Equity 226474.19

Total Liabilities 14,115.00

Sales 49404

Working Capital -11,851.00

Total Assets 6,530
Retained Earnings -12,075 -4.872324
EBIT -1,316
MV of Equity 3047.61
Total Liabilities 17,541.00
Sales 2,972
-4.709
-4.698
 5%
4798