Shri Venkatesh Refineries (BOM:543373) Altman Z2-Score: 2.53 (As of Jul. 17, 2026) — 24% Below Median

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BOM:543373 Shri Venkatesh Refineries Ltd BOM:543373
85 GF Score
Price ₹377.00
GF Value ₹385.34
Valuation Fairly Valued
! 5 Warning Signs
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What is Shri Venkatesh Refineries Altman Z2-Score?

Shri Venkatesh Refineries BOM:543373 85 Altman Z2-Score is 2.53 as of Jul. 17, 2026, which is 24% below its 10-year median of 3.34. GuruFocus rates BOM:543373 with a GF Score™ of 85/100 and a GF Value™ of ₹385.34 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,965 Consumer Packaged Goods companies, Shri Venkatesh Refineries ranks worse than 62.9% on this metric.

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Shri Venkatesh Refineries has a Altman Z2-Score of 2.53, indicating it is in Grey Zones. This implies that Shri Venkatesh Refineries is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for Shri Venkatesh Refineries's Altman Z2-Score or its related term are showing as below:

BOM:543373' s Altman Z2-Score Range Over the Past 10 Years
Min: 2.53   Med: 3.34   Max: 5.63
Current: 2.53

During the past 8 years, Shri Venkatesh Refineries's highest Altman Z2-Score was 5.63. The lowest was 2.53. And the median was 3.34.


Shri Venkatesh Refineries  (BOM:543373) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

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_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Shri Venkatesh Refineries Altman Z2-Score Related Terms


Shri Venkatesh Refineries Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Shri Venkatesh Refineries's Altman Z2-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.

Shri Venkatesh Refineries Altman Z2-Score Chart

Shri Venkatesh Refineries Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
Get a 7-Day Free Trial 5.41 5.63 4.23 3.54 2.53

Shri Venkatesh Refineries Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.23 3.21 3.54 2.15 2.53

BOM:543373 vs KHC, GIS: Altman Z2-Score Comparison

For the Packaged Foods subindustry, Shri Venkatesh Refineries's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.


Shri Venkatesh Refineries Altman Z2-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shri Venkatesh Refineries's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Shri Venkatesh Refineries's Altman Z2-Score falls into.


BOM:543373
85GF Score
Shri Venkatesh Refineries Ltd BOM:543373
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shri Venkatesh Refineries Altman Z2-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.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

Shri Venkatesh Refineries's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.214+3.26*0+6.72*0.1219+1.05*0.2888
=2.53

* 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 Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ₹5,868 Mil.
Total Current Assets was ₹4,767 Mil.
Total Current Liabilities was ₹3,511 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was ₹523 Mil.
Interest Expense was ₹-193 Mil.
Total Liabilities was ₹4,553 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
=(4766.915 - 3511.429)/5867.978
=0.214

X2=Retained Earnings/Total Assets
=0/5867.978
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(522.533 - -192.691)/5867.978
=0.1219

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(1314.801 - 0)/4553.177
=0.2888

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Shri Venkatesh Refineries has a Altman Z2-Score of 2.53 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 2.53 mean?
Shri Venkatesh Refineries (BOM:543373) has a Altman Z2-Score of 2.53 as of Jul. 17, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Shri Venkatesh Refineries and its competitors. This is 24% below median its historical median of 3.34. Over the past decade, Shri Venkatesh Refineries' Altman Z2-Score has ranged from 2.53 to 5.63. According to the industry distribution chart, Shri Venkatesh Refineries ranks #1236 out of 1965 companies in the Consumer Packaged Goods industry, placing it in the top 62.9%.
Is Shri Venkatesh Refineries' Altman Z2-Score too high?
Shri Venkatesh Refineries' current Altman Z2-Score of 2.53 is 24% below median its 10-year median of 3.34. Over the past 10 years, this metric has ranged from a low of 2.53 to a high of 5.63. The Consumer Packaged Goods industry median Altman Z2-Score is 3.73. Shri Venkatesh Refineries' value of 2.53 is 32.2% below this industry median. Based on the distribution chart, Shri Venkatesh Refineries ranks #1236 out of 1965 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Shri Venkatesh Refineries has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shri Venkatesh Refineries' Altman Z2-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Shri Venkatesh Refineries ranks #1236 out of 1965 companies for Altman Z2-Score. This places Shri Venkatesh Refineries in the lower half of its industry. The industry median Altman Z2-Score is 3.73. Shri Venkatesh Refineries' value of 2.53 is 32.2% below this benchmark. Historically, Shri Venkatesh Refineries' own Altman Z2-Score has ranged from 2.53 to 5.63 over the past decade. While the company's 10-year median is 3.34 vs. the industry median of 3.73, Shri Venkatesh Refineries has consistently been below 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 Z2-Score for a Consumer Packaged Goods company?
The median Altman Z2-Score among Consumer Packaged Goods companies is 3.73, based on 1,965 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shri Venkatesh Refineries's current Altman Z2-Score of 2.53 is 32.2% below 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Shri Venkatesh Refineries and its competitors. For the Consumer Packaged Goods industry, the median Altman Z2-Score is 3.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Venkatesh Refineries's current Altman Z2-Score is 2.53, which is 24% below median its own 10-year median of 3.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Venkatesh Refineries stock overvalued right now?
Based on GuruFocus' analysis, Shri Venkatesh Refineries (BOM:543373) is currently considered Fairly Valued. The stock's GF Value™ is ₹385.34, compared to a current price of ₹377.00 — trading 2.2% below its estimated fair value. The current Altman Z2-Score is 2.53, which is 24% below median its 10-year median of 3.34 and 32.2% below the Consumer Packaged Goods industry median of 3.73. Shri Venkatesh Refineries' overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Shri Venkatesh Refineries (BOM:543373), the current Altman Z2-Score is 2.53 as of Jul. 17, 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 Shri Venkatesh Refineries (BOM:543373) Overvalued in 2026?

Based on GuruFocus' analysis, Shri Venkatesh Refineries stock appears to be undervalued. The current stock price of ₹377.00 is trading 2.2% below its estimated GF Value™ of ₹385.34. GuruFocus considers Shri Venkatesh Refineries to be Fairly Valued.

Key valuation signals for BOM:543373:

  • Altman Z2-Score: 2.53 (24% below median its 10-year median of 3.34)
  • GF Value™: ₹385.34 vs. price of ₹377.00 (2.2% below fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 32.2% below the Consumer Packaged Goods median (#1236 of 1965)

No single metric tells the full story. See the BOM:543373 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shri Venkatesh Refineries Business Description

Address Lal Bahadur Shastri Road, Runwal R Square Office no. 1109, Floor 11, Vardhaman Nagar, Mulund West, Mumbai, MH, IND, 400080
Shri Venkatesh Refineries Ltd is engaged in the processing, refining, and preservation of edible oils, including soybean oil, cottonseed oil, palm oil, and sunflower oil. It markets its products under brands such as Rich Soya, Rich Sun, and Silver Gold, with a distribution network across Maharashtra. The company generates revenue through the manufacturing and trading of refined and raw edible oils. Its operations include the procurement of raw materials directly from farmers and bulk dealers, supported by modern machinery and quality control to ensure product standards. The company's only identifiable reportable business segment is Manufacturing and Trading of Refined Oil and Raw Oil.
85GF Score

Get the complete analysis for BOM:543373

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹377.00
Price
₹385.34
GF Value