RTS Power (BOM:531215) Altman Z-Score: 2.05 (As of Aug. 05, 2026) — Near Median

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BOM:531215 RTS Power Corp Ltd BOM:531215
68 GF Score
Price ₹103.60
GF Value ₹174.49
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is RTS Power Altman Z-Score?

RTS Power BOM:531215 +3.55% 68 Altman Z-Score is 2.05 as of Aug. 05, 2026, which is 3% below its 10-year median of 2.11. GuruFocus rates BOM:531215 with a GF Score™ of 68/100 and a GF Value™ of ₹174.49 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 3,008 Industrial Products companies, RTS Power ranks worse than 73.64% 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.

Warning Sign:

Altman Z-score of 2.03 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

RTS Power has a Altman Z-Score of 2.05, indicating it is in Grey Zones. This implies that RTS Power is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 RTS Power's Altman Z-Score or its related term are showing as below:

BOM:531215' s Altman Z-Score Range Over the Past 10 Years
Min: 1.23   Med: 2.11   Max: 3.26
Current: 2.03

During the past 13 years, RTS Power's highest Altman Z-Score was 3.26. The lowest was 1.23. And the median was 2.11.


RTS Power  (BOM:531215) 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.


RTS Power Altman Z-Score Related Terms


RTS Power Altman Z-Score Historical Data

* Premium members only.

The historical data trend for RTS Power'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.

RTS Power Altman Z-Score Chart

RTS Power 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 2.26 3.05 2.82 3.26 1.89

RTS Power 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 3.26 3.27 2.50 2.34 1.89

BOM:531215 vs VRT, BE: Altman Z-Score Comparison

For the Electrical Equipment & Parts subindustry, RTS Power'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.


RTS Power Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, RTS Power's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where RTS Power's Altman Z-Score falls into.


BOM:531215
68GF Score
RTS Power Corp Ltd BOM:531215
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RTS Power 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.

RTS Power'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*0.2978+1.4*0+3.3*0.0308+0.6*1.3985+1.0*0.7531
=2.05

* 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 ₹2,133 Mil.
Total Current Assets was ₹1,050 Mil.
Total Current Liabilities was ₹415 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was -20.422 + 20.795 + 11.279 + 20.627 = ₹32 Mil.
Interest Expense was -9.628 + -6.851 + -8.028 + -8.981 = ₹-33 Mil.
Revenue was 486.807 + 360.364 + 402.854 + 356.584 = ₹1,607 Mil.
Market Cap (Today) was ₹917 Mil.
Total Liabilities was ₹656 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
=(1049.94 - 414.683)/2133.202
=0.2978

X2=Retained Earnings/Total Assets
=0/2133.202
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(32.279 - -33.488)/2133.202
=0.0308

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=917.308/655.939
=1.3985

X5=Revenue/Total Assets
=1606.609/2133.202
=0.7531

The zones of discrimination were as such:

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

RTS Power has a Altman Z-Score of 2.05 indicating it is in Grey 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 2.05 mean?
RTS Power (BOM:531215) has a Altman Z-Score of 2.05 as of Aug. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on RTS Power and its competitors. This is near median its historical median of 2.11. Over the past decade, RTS Power's Altman Z-Score has ranged from 1.23 to 3.26. According to the industry distribution chart, RTS Power ranks #2215 out of 3008 companies in the Industrial Products industry, placing it in the top 73.6%.
Is RTS Power's Altman Z-Score too high?
RTS Power's current Altman Z-Score of 2.05 is near median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 3.26. The Industrial Products industry median Altman Z-Score is 3.19. RTS Power's value of 2.05 is 35.7% below this industry median. Based on the distribution chart, RTS Power ranks #2215 out of 3008 companies in the Industrial Products industry, which is below the industry midpoint. Overall, RTS Power has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RTS Power's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, RTS Power ranks #2215 out of 3008 companies for Altman Z-Score. This places RTS Power in the lower half of its industry. The industry median Altman Z-Score is 3.19. RTS Power's value of 2.05 is 35.7% below this benchmark. Historically, RTS Power's own Altman Z-Score has ranged from 1.23 to 3.26 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 3.19, RTS Power 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 Z-Score for an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.19, based on 3,008 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. RTS Power's current Altman Z-Score of 2.05 is 35.7% 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 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 RTS Power and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RTS Power's current Altman Z-Score is 2.05, which is near median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RTS Power stock overvalued right now?
Based on GuruFocus' analysis, RTS Power (BOM:531215) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹174.49, compared to a current price of ₹103.60 — trading 40.6% below its estimated fair value. The current Altman Z-Score is 2.05, which is near median its 10-year median of 2.11 and 35.7% below the Industrial Products industry median of 3.19. RTS Power's overall GF Score™ is 68/100 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 RTS Power (BOM:531215), the current Altman Z-Score is 2.05 as of Aug. 05, 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 RTS Power (BOM:531215) Overvalued in 2026?

Based on GuruFocus' analysis, RTS Power stock appears to be undervalued. The current stock price of ₹103.60 is trading 40.6% below its estimated GF Value™ of ₹174.49. GuruFocus considers RTS Power to be Significantly Undervalued.

Key valuation signals for BOM:531215:

  • Altman Z-Score: 2.05 (near median its 10-year median of 2.11)
  • GF Value™: ₹174.49 vs. price of ₹103.60 (40.6% below fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 35.7% below the Industrial Products median (#2215 of 3008)

No single metric tells the full story. See the BOM:531215 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RTS Power Business Description

Address 56, Netaji Subhas Road, 2nd Floor, Kolkata, WB, IND, 700001
RTS Power Corp Ltd is engaged in providing power conversion and power quality solutions. It operates in two segments: Electrical Goods including transformers, cables, conductors; and Wind Energy. It also provides services for various industries, such as steel, mining, textiles, real estate, and pharmaceuticals, as well as electricity boards. It manufactures a range of distribution transformers suitable for use in utilities and industries, a range of power transformers, and dry-type transformers, in addition, it offers transformers with special features for wind and solar projects. The company derives the majority of its revenue from the Electrical Goods segment.
68GF Score

Get the complete analysis for BOM:531215

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

₹103.60
Price
₹174.49
GF Value