Infollion Research Services (NSE:INFOLLION) Altman Z2-Score: 26.83 (As of Jun. 27, 2026) — 59% Above Median


NSE:INFOLLION Infollion Research Services Ltd NSE:INFOLLION
73 GF Score
Price ₹171.55
GF Value ₹573.55
Valuation Possible Value Trap
! 3 Warning Signs
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What is Infollion Research Services Altman Z2-Score?

Infollion Research Services NSE:INFOLLION +0.29% 73 Altman Z2-Score is 26.83 as of Jun. 27, 2026, which is 59% above its 10-year median of 16.88. GuruFocus rates NSE:INFOLLION with a GF Score™ of 73/100 and a GF Value™ of ₹573.55 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,076 Business Services companies, Infollion Research Services ranks better than 97.68% 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.

Good Sign:

Infollion Research Services has a Altman Z2-Score of 26.83, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

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 Infollion Research Services's Altman Z2-Score or its related term are showing as below:

NSE:INFOLLION' s Altman Z2-Score Range Over the Past 10 Years
Min: 14.02   Med: 16.88   Max: 26.83
Current: 26.83

During the past 7 years, Infollion Research Services's highest Altman Z2-Score was 26.83. The lowest was 14.02. And the median was 16.88.


Infollion Research Services  (NSE:INFOLLION) 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.


Infollion Research Services Altman Z2-Score Related Terms


Infollion Research Services Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Infollion Research Services'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.

Infollion Research Services Altman Z2-Score Chart

Infollion Research Services Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
Get a 7-Day Free Trial 19.01 17.98 16.63 16.88 26.83

Infollion Research Services Semi-Annual Data
Mar20 Mar21 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 16.63 0.00 16.88 0.00 26.83

NSE:INFOLLION vs KFY, RHI, TNET: Altman Z2-Score Comparison

For the Staffing & Employment Services subindustry, Infollion Research Services'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.


Infollion Research Services Altman Z2-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Infollion Research Services's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Infollion Research Services's Altman Z2-Score falls into.


NSE:INFOLLION
73GF Score
Infollion Research Services Ltd NSE:INFOLLION
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Infollion Research Services 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.

Infollion Research Services'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*0.8512+3.26*0+6.72*0.2451+1.05*18.6636
=26.83

* 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 ₹709 Mil.
Total Current Assets was ₹633 Mil.
Total Current Liabilities was ₹29 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was ₹169 Mil.
Interest Expense was ₹-4 Mil.
Total Liabilities was ₹36 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
=(632.56 - 28.693)/709.425
=0.8512

X2=Retained Earnings/Total Assets
=0/709.425
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(169.437 - -4.411)/709.425
=0.2451

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(673.347 - 0)/36.078
=18.6636

The zones of discrimination were as such:

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

Infollion Research Services has a Altman Z2-Score of 26.83 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 26.83 mean?
Infollion Research Services (NSE:INFOLLION) has a Altman Z2-Score of 26.83 as of Jun. 27, 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 Infollion Research Services and its competitors. This is 59% above median its historical median of 16.88. Over the past decade, Infollion Research Services' Altman Z2-Score has ranged from 14.02 to 26.83. According to the industry distribution chart, Infollion Research Services ranks #25 out of 1076 companies in the Business Services industry, placing it in the top 2.3%.
Is Infollion Research Services' Altman Z2-Score too high?
Infollion Research Services' current Altman Z2-Score of 26.83 is 59% above median its 10-year median of 16.88. Over the past 10 years, this metric has ranged from a low of 14.02 to a high of 26.83. The Business Services industry median Altman Z2-Score is 3.62. Infollion Research Services' value of 26.83 is 642.2% above this industry median. Based on the distribution chart, Infollion Research Services ranks #25 out of 1076 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Infollion Research Services has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Infollion Research Services' Altman Z2-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Infollion Research Services ranks #25 out of 1076 companies for Altman Z2-Score. This places Infollion Research Services in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.62. Infollion Research Services' value of 26.83 is 642.2% above this benchmark. Historically, Infollion Research Services' own Altman Z2-Score has ranged from 14.02 to 26.83 over the past decade. While the company's 10-year median is 16.88 vs. the industry median of 3.62, Infollion Research Services 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 Z2-Score for a Business Services company?
The median Altman Z2-Score among Business Services companies is 3.62, based on 1,076 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. Infollion Research Services's current Altman Z2-Score of 26.83 is 642.2% 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 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 Infollion Research Services and its competitors. For the Business Services industry, the median Altman Z2-Score is 3.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Infollion Research Services's current Altman Z2-Score is 26.83, which is 59% above median its own 10-year median of 16.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Infollion Research Services stock overvalued right now?
Based on GuruFocus' analysis, Infollion Research Services (NSE:INFOLLION) is currently considered Possible Value Trap. The stock's GF Value™ is ₹573.55, compared to a current price of ₹171.55 — trading 70.1% below its estimated fair value. The current Altman Z2-Score is 26.83, which is 59% above median its 10-year median of 16.88 and 642.2% above the Business Services industry median of 3.62. Infollion Research Services' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Infollion Research Services (NSE:INFOLLION), the current Altman Z2-Score is 26.83 as of Jun. 27, 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 Infollion Research Services (NSE:INFOLLION) Overvalued in 2026?

Based on GuruFocus' analysis, Infollion Research Services stock appears to be undervalued. The current stock price of ₹171.55 is trading 70.1% below its estimated GF Value™ of ₹573.55. GuruFocus considers Infollion Research Services to be Possible Value Trap.

Key valuation signals for NSE:INFOLLION:

  • Altman Z2-Score: 26.83 (59% above median its 10-year median of 16.88)
  • GF Value™: ₹573.55 vs. price of ₹171.55 (70.1% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 642.2% above the Business Services median (#25 of 1076)

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


Infollion Research Services Business Description

Address Unitech Cyber Park, 5th Floor, Tower-C, Sector - 39, Gurugram, HR, IND, 122001
Infollion Research Services Ltd is a tech-oriented marketplace, operating in the B2B Human Cloud segment, catering to on-demand contingent hiring and work arrangements with senior management talent, subject matter experts, and high-ranking, seasoned professionals. It provides a platform for workers or knowledge providers (gig workers) and employers or knowledge seekers to connect and find synergetic outcomes. The company operates only in one business segment, On-demand Contingent Hiring.
73GF Score

Get the complete analysis for NSE:INFOLLION

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

₹171.55
Price
₹573.55
GF Value