Retro Green Revolution (BOM:519191) Altman Z-Score: 4.38 (As of Jul. 30, 2026) — 76% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:519191 Retro Green Revolution Ltd BOM:519191
60 GF Score
Price ₹1.44
GF Value ₹1.30
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Retro Green Revolution Altman Z-Score?

Retro Green Revolution BOM:519191 +0.70% 60 Altman Z-Score is 4.38 as of Jul. 30, 2026, which is 76% below its 10-year median of 18.05. GuruFocus rates BOM:519191 with a GF Score™ of 60/100 and a GF Value™ of ₹1.30 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 209 Farm & Heavy Construction Machinery companies, Retro Green Revolution ranks better than 77.51% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 4.36 is strong.

Retro Green Revolution has a Altman Z-Score of 4.38, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Retro Green Revolution's Altman Z-Score or its related term are showing as below:

BOM:519191' s Altman Z-Score Range Over the Past 10 Years
Min: 1.69   Med: 18.05   Max: 153.17
Current: 4.36

During the past 13 years, Retro Green Revolution's highest Altman Z-Score was 153.17. The lowest was 1.69. And the median was 18.05.


Retro Green Revolution  (BOM:519191) Altman Z-Score Explanation

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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Retro Green Revolution Altman Z-Score Related Terms


Retro Green Revolution Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Retro Green Revolution's Altman Z-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.

Retro Green Revolution Altman Z-Score Chart

Retro Green Revolution Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 153.17 13.06 13.75 1.69 3.08

Retro Green Revolution Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-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 1.69 1.56 12.06 5.40 3.08

BOM:519191 vs CAT, DE, PCAR: Altman Z-Score Comparison

For the Farm & Heavy Construction Machinery subindustry, Retro Green Revolution's Altman Z-Score, along with its competitors' market caps and Altman Z-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.


Retro Green Revolution Altman Z-Score vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Retro Green Revolution's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Retro Green Revolution's Altman Z-Score falls into.


BOM:519191
60GF Score
Retro Green Revolution Ltd BOM:519191
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Retro Green Revolution Altman Z-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.

Retro Green Revolution's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.163+1.4*0+3.3*0.0011+0.6*6.9376+1.0*0.023
=4.38

* 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 Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ₹385.05 Mil.
Total Current Assets was ₹64.35 Mil.
Total Current Liabilities was ₹1.58 Mil.
Retained Earnings was ₹0.00 Mil.
Pre-Tax Income was -0.238 + 0.224 + 0.075 + 0.345 = ₹0.41 Mil.
Interest Expense was 0 + 0 + 0 + 0 = ₹0.00 Mil.
Revenue was 0.7 + 0.807 + 1.2 + 6.149 = ₹8.86 Mil.
Market Cap (Today) was ₹54.72 Mil.
Total Liabilities was ₹7.89 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
=(64.348 - 1.582)/385.053
=0.163

X2=Retained Earnings/Total Assets
=0/385.053
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0.406 - 0)/385.053
=0.0011

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=54.717/7.887
=6.9376

X5=Revenue/Total Assets
=8.856/385.053
=0.023

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Retro Green Revolution has a Altman Z-Score of 4.38 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 4.38 mean?
Retro Green Revolution (BOM:519191) has a Altman Z-Score of 4.38 as of Jul. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Retro Green Revolution and its competitors. This is 76% below median its historical median of 18.05. Over the past decade, Retro Green Revolution's Altman Z-Score has ranged from 1.69 to 153.17. According to the industry distribution chart, Retro Green Revolution ranks #47 out of 209 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 22.5%.
Is Retro Green Revolution's Altman Z-Score too high?
Retro Green Revolution's current Altman Z-Score of 4.38 is 76% below median its 10-year median of 18.05. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 153.17. The Farm & Heavy Construction Machinery industry median Altman Z-Score is 2.62. Retro Green Revolution's value of 4.38 is 67.2% above this industry median. Based on the distribution chart, Retro Green Revolution ranks #47 out of 209 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Retro Green Revolution has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Retro Green Revolution's Altman Z-Score compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Retro Green Revolution ranks #47 out of 209 companies for Altman Z-Score. This places Retro Green Revolution in the top 23% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.62. Retro Green Revolution's value of 4.38 is 67.2% above this benchmark. Historically, Retro Green Revolution's own Altman Z-Score has ranged from 1.69 to 153.17 over the past decade. While the company's 10-year median is 18.05 vs. the industry median of 2.62, Retro Green Revolution 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 Z-Score for a Farm & Heavy Construction Machinery company?
The median Altman Z-Score among Farm & Heavy Construction Machinery companies is 2.62, based on 209 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Retro Green Revolution's current Altman Z-Score of 4.38 is 67.2% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Retro Green Revolution and its competitors. For the Farm & Heavy Construction Machinery industry, the median Altman Z-Score is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Retro Green Revolution's current Altman Z-Score is 4.38, which is 76% below median its own 10-year median of 18.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Retro Green Revolution stock overvalued right now?
Based on GuruFocus' analysis, Retro Green Revolution (BOM:519191) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1.30, compared to a current price of ₹1.44 — trading 10.8% above its estimated fair value. The current Altman Z-Score is 4.38, which is 76% below median its 10-year median of 18.05 and 67.2% above the Farm & Heavy Construction Machinery industry median of 2.62. Retro Green Revolution's overall GF Score™ is 60/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Retro Green Revolution (BOM:519191), the current Altman Z-Score is 4.38 as of Jul. 30, 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 Retro Green Revolution (BOM:519191) Overvalued in 2026?

Based on GuruFocus' analysis, Retro Green Revolution stock appears to be overvalued. The current stock price of ₹1.44 is trading 10.8% above its estimated GF Value™ of ₹1.30. GuruFocus considers Retro Green Revolution to be Modestly Overvalued.

Key valuation signals for BOM:519191:

  • Altman Z-Score: 4.38 (76% below median its 10-year median of 18.05)
  • GF Value™: ₹1.30 vs. price of ₹1.44 (10.8% above fair value)
  • GF Score™: 60/100 with 3 warning signs
  • Industry Position: 67.2% above the Farm & Heavy Construction Machinery median (#47 of 209)

No single metric tells the full story. See the BOM:519191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Retro Green Revolution Business Description

Address Prahlad Nagar Trade Centre, 610, 6th Floor, Block No. F, Vejalpur, Ahmedabad, GJ, IND, 380001
Retro Green Revolution Ltd is providing agricultural solutions for both Urban and Rural segments. It is a provider of Green House, Net House, and Poly House gases. It offers a complete solution to the farming community and specializes in the agriculture field with the latest technology and farming methods. Other services offered by the company include assistance in soil (Mineral and Microbes) and water testing, greenhouse structure installation, greenhouse high-tech agriculture consultancy services, greenhouse production management, drip and sprinkler irrigation systems, post-harvest infrastructure, technical inputs, training to manpower, and assistance in marketing and buyback arrangements.
60GF Score

Get the complete analysis for BOM:519191

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

₹1.44
Price
₹1.30
GF Value