Raghav Productivity Enhancers (NSE:RPEL) Altman Z2-Score: 13.79 (As of Aug. 09, 2026) — 62% Above Median

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NSE:RPEL Raghav Productivity Enhancers Ltd NSE:RPEL
71 GF Score
Price ₹1,256.50
GF Value ₹940.84
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Raghav Productivity Enhancers Altman Z2-Score?

Raghav Productivity Enhancers NSE:RPEL -0.86% 71 Altman Z2-Score is 13.79 as of Aug. 09, 2026, which is 62% above its 10-year median of 8.50. GuruFocus rates NSE:RPEL with a GF Score™ of 71/100 and a GF Value™ of ₹940.84 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,522 Chemicals companies, Raghav Productivity Enhancers ranks worse than 65702.96% 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:

Raghav Productivity Enhancers has a Altman Z2-Score of 13.79, 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 Raghav Productivity Enhancers's Altman Z2-Score or its related term are showing as below:

During the past 13 years, Raghav Productivity Enhancers's highest Altman Z2-Score was 13.56. The lowest was 1.59. And the median was 8.50.


Raghav Productivity Enhancers  (NSE:RPEL) 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.


Raghav Productivity Enhancers Altman Z2-Score Related Terms


Raghav Productivity Enhancers Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Raghav Productivity Enhancers'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.

Raghav Productivity Enhancers Altman Z2-Score Chart

Raghav Productivity Enhancers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.62 10.28 11.78 11.85 13.56

Raghav Productivity Enhancers Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 10.19 0.00 13.56 0.00

NSE:RPEL vs DOW: Altman Z2-Score Comparison

For the Chemicals subindustry, Raghav Productivity Enhancers'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.


Raghav Productivity Enhancers Altman Z2-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Raghav Productivity Enhancers's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Raghav Productivity Enhancers's Altman Z2-Score falls into.


NSE:RPEL
71GF Score
Raghav Productivity Enhancers Ltd NSE:RPEL
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Raghav Productivity Enhancers 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.

Raghav Productivity Enhancers'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*0.4909+3.26*0.6612+6.72*0.2826+1.05*6.2071
=13.79

* 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 Jun. 2026:
Total Assets was ₹2,839 Mil.
Total Current Assets was ₹1,694 Mil.
Total Current Liabilities was ₹301 Mil.
Retained Earnings was ₹1,877 Mil.
Pre-Tax Income was 247.433 + 194.041 + 180.533 + 173.517 = ₹796 Mil.
Interest Expense was -1.612 + -1.606 + -1.69 + -1.943 = ₹-7 Mil.
Total Liabilities was ₹394 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
=(1694.344 - 300.539)/2839.097
=0.4909

X2=Retained Earnings/Total Assets
=1877.149/2839.097
=0.6612

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(795.524 - -6.851)/2839.097
=0.2826

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(2445.165 - 0)/393.932
=6.2071

The zones of discrimination were as such:

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

Raghav Productivity Enhancers has a Altman Z2-Score of 13.79 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 13.79 mean?
Raghav Productivity Enhancers (NSE:RPEL) has a Altman Z2-Score of 13.79 as of Aug. 09, 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 Raghav Productivity Enhancers and its competitors. This is 62% above median its historical median of 8.50. Over the past decade, Raghav Productivity Enhancers' Altman Z2-Score has ranged from 1.59 to 13.56. According to the industry distribution chart, Raghav Productivity Enhancers ranks #999999 out of 1522 companies in the Chemicals industry.
Is Raghav Productivity Enhancers' Altman Z2-Score too high?
Raghav Productivity Enhancers' current Altman Z2-Score of 13.79 is 62% above median its 10-year median of 8.50. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 13.56. The Chemicals industry median Altman Z2-Score is 3.94. Raghav Productivity Enhancers' value of 13.79 is 250% above this industry median. Based on the distribution chart, Raghav Productivity Enhancers ranks #999999 out of 1522 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Raghav Productivity Enhancers has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Raghav Productivity Enhancers' Altman Z2-Score compare to DOW?
According to the Chemicals industry distribution chart, Raghav Productivity Enhancers ranks #999999 out of 1522 companies for Altman Z2-Score. This places Raghav Productivity Enhancers in the lower half of its industry. The industry median Altman Z2-Score is 3.94. Raghav Productivity Enhancers' value of 13.79 is 250% above this benchmark. Historically, Raghav Productivity Enhancers' own Altman Z2-Score has ranged from 1.59 to 13.56 over the past decade. While the company's 10-year median is 8.50 vs. the industry median of 3.94, Raghav Productivity Enhancers 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 Chemicals company?
The median Altman Z2-Score among Chemicals companies is 3.94, based on 1,522 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. Raghav Productivity Enhancers's current Altman Z2-Score of 13.79 is 250% 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 Raghav Productivity Enhancers and its competitors. For the Chemicals industry, the median Altman Z2-Score is 3.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raghav Productivity Enhancers's current Altman Z2-Score is 13.79, which is 62% above median its own 10-year median of 8.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raghav Productivity Enhancers stock overvalued right now?
Based on GuruFocus' analysis, Raghav Productivity Enhancers (NSE:RPEL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹940.84, compared to a current price of ₹1,256.50 — trading 33.6% above its estimated fair value. The current Altman Z2-Score is 13.79, which is 62% above median its 10-year median of 8.50 and 250% above the Chemicals industry median of 3.94. Raghav Productivity Enhancers' overall GF Score™ is 71/100 with 4 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 Raghav Productivity Enhancers (NSE:RPEL), the current Altman Z2-Score is 13.79 as of Aug. 09, 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 Raghav Productivity Enhancers (NSE:RPEL) Overvalued in 2026?

Based on GuruFocus' analysis, Raghav Productivity Enhancers stock appears to be overvalued. The current stock price of ₹1,256.50 is trading 33.6% above its estimated GF Value™ of ₹940.84. GuruFocus considers Raghav Productivity Enhancers to be Significantly Overvalued.

Key valuation signals for NSE:RPEL:

  • Altman Z2-Score: 13.79 (62% above median its 10-year median of 8.50)
  • GF Value™: ₹940.84 vs. price of ₹1,256.50 (33.6% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 250% above the Chemicals median (#999999 of 1522)

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


Raghav Productivity Enhancers Business Description

Other Exchanges 539837:India
Address Vidhyadhar Nagar, Office No. 36, 4th Floor, Alankar Plaza A-10, Central Spine, Jaipur, RJ, IND, 302023
Raghav Productivity Enhancers Ltd is engaged in the manufacturing and trading of ramming mass and other quartz-related items and is a manufacturer of silica ramming mass. Its products are essential components used to create linings for furnaces, kilns, incinerators, and reactors. It operates in the refractory materials segment, where its primary product, silica ramming mass, is used as a furnace lining material and is typically consumed during the metal melting process. The company considers Ramming Mass as the single segment in which it operates. It mainly caters to industrial customers engaged in metal melting and casting operations, including steel manufacturers, foundries and casting units, metal processing and recycling units, and export clients in domestic and international markets.
71GF Score

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

₹1,256.50
Price
₹940.84
GF Value