Gokul Refoils & Solvent (BOM:532980) Altman Z-Score: 5.44 (As of Jul. 15, 2026) — 12% Above Median

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BOM:532980 Gokul Refoils & Solvent Ltd BOM:532980
76 GF Score
Price ₹40.96
GF Value ₹55.07
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Gokul Refoils & Solvent Altman Z-Score?

Gokul Refoils & Solvent BOM:532980 -1.32% 76 Altman Z-Score is 5.44 as of Jul. 15, 2026, which is 12% above its 10-year median of 4.84. GuruFocus rates BOM:532980 with a GF Score™ of 76/100 and a GF Value™ of ₹55.07 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,930 Consumer Packaged Goods companies, Gokul Refoils & Solvent ranks better than 78.5% 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 5.44 is strong.

Gokul Refoils & Solvent has a Altman Z-Score of 5.44, 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 Gokul Refoils & Solvent's Altman Z-Score or its related term are showing as below:

BOM:532980' s Altman Z-Score Range Over the Past 10 Years
Min: 2.34   Med: 4.84   Max: 6.16
Current: 5.44

During the past 13 years, Gokul Refoils & Solvent's highest Altman Z-Score was 6.16. The lowest was 2.34. And the median was 4.84.


Gokul Refoils & Solvent  (BOM:532980) 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.


Gokul Refoils & Solvent Altman Z-Score Related Terms


Gokul Refoils & Solvent Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Gokul Refoils & Solvent'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.

Gokul Refoils & Solvent Altman Z-Score Chart

Gokul Refoils & Solvent 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 4.72 4.84 5.46 6.16 5.37

Gokul Refoils & Solvent 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 6.16 6.37 5.18 5.21 5.37

BOM:532980 vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Gokul Refoils & Solvent'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.


Gokul Refoils & Solvent Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gokul Refoils & Solvent's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Gokul Refoils & Solvent's Altman Z-Score falls into.


BOM:532980
76GF Score
Gokul Refoils & Solvent Ltd BOM:532980
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gokul Refoils & Solvent 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.

Gokul Refoils & Solvent'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*0.2175+1.4*0+3.3*0.0634+0.6*0.7426+1.0*4.5256
=5.44

* 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 ₹9,105 Mil.
Total Current Assets was ₹7,370 Mil.
Total Current Liabilities was ₹5,390 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 76.36 + 72.916 + 44.018 + 53.083 = ₹246 Mil.
Interest Expense was -72.601 + -74.03 + -96.37 + -88.134 = ₹-331 Mil.
Revenue was 10557.837 + 10756.136 + 10626.524 + 9264.29 = ₹41,205 Mil.
Market Cap (Today) was ₹4,063 Mil.
Total Liabilities was ₹5,471 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
=(7370.429 - 5390.122)/9104.882
=0.2175

X2=Retained Earnings/Total Assets
=0/9104.882
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(246.377 - -331.135)/9104.882
=0.0634

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4062.755/5470.914
=0.7426

X5=Revenue/Total Assets
=41204.787/9104.882
=4.5256

The zones of discrimination were as such:

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

Gokul Refoils & Solvent has a Altman Z-Score of 5.44 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 5.44 mean?
Gokul Refoils & Solvent (BOM:532980) has a Altman Z-Score of 5.44 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Gokul Refoils & Solvent and its competitors. This is 12% above median its historical median of 4.84. Over the past decade, Gokul Refoils & Solvent's Altman Z-Score has ranged from 2.34 to 6.16. According to the industry distribution chart, Gokul Refoils & Solvent ranks #415 out of 1930 companies in the Consumer Packaged Goods industry, placing it in the top 21.5%.
Is Gokul Refoils & Solvent's Altman Z-Score too high?
Gokul Refoils & Solvent's current Altman Z-Score of 5.44 is 12% above median its 10-year median of 4.84. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 6.16. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Gokul Refoils & Solvent's value of 5.44 is 90.9% above this industry median. Based on the distribution chart, Gokul Refoils & Solvent ranks #415 out of 1930 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Gokul Refoils & Solvent has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gokul Refoils & Solvent's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Gokul Refoils & Solvent ranks #415 out of 1930 companies for Altman Z-Score. This places Gokul Refoils & Solvent in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.85. Gokul Refoils & Solvent's value of 5.44 is 90.9% above this benchmark. Historically, Gokul Refoils & Solvent's own Altman Z-Score has ranged from 2.34 to 6.16 over the past decade. While the company's 10-year median is 4.84 vs. the industry median of 2.85, Gokul Refoils & Solvent 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.85, based on 1,930 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. Gokul Refoils & Solvent's current Altman Z-Score of 5.44 is 90.9% 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 Gokul Refoils & Solvent and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gokul Refoils & Solvent's current Altman Z-Score is 5.44, which is 12% above median its own 10-year median of 4.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gokul Refoils & Solvent stock overvalued right now?
Based on GuruFocus' analysis, Gokul Refoils & Solvent (BOM:532980) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹55.07, compared to a current price of ₹40.96 — trading 25.6% below its estimated fair value. The current Altman Z-Score is 5.44, which is 12% above median its 10-year median of 4.84 and 90.9% above the Consumer Packaged Goods industry median of 2.85. Gokul Refoils & Solvent's overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Gokul Refoils & Solvent (BOM:532980), the current Altman Z-Score is 5.44 as of Jul. 15, 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 Gokul Refoils & Solvent (BOM:532980) Overvalued in 2026?

Based on GuruFocus' analysis, Gokul Refoils & Solvent stock appears to be undervalued. The current stock price of ₹40.96 is trading 25.6% below its estimated GF Value™ of ₹55.07. GuruFocus considers Gokul Refoils & Solvent to be Modestly Undervalued.

Key valuation signals for BOM:532980:

  • Altman Z-Score: 5.44 (12% above median its 10-year median of 4.84)
  • GF Value™: ₹55.07 vs. price of ₹40.96 (25.6% below fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 90.9% above the Consumer Packaged Goods median (#415 of 1930)

No single metric tells the full story. See the BOM:532980 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gokul Refoils & Solvent Business Description

Other Exchanges GOKUL:India
Address Near Tapovan Circle, Gandhinagar Highway, Office No. 501, Fifth Floor, Block A, Gokul Pratham, Ahmedabad, GJ, IND, 382424
Gokul Refoils & Solvent Ltd is an India-based company engaged in agro-based commodities. It is engaged in the business of seed processing, solvent extraction, and refining of edible oils such as soya bean oil, cottonseed oil, palm oil (palm olein), sunflower oil, mustard oil, groundnut oil, vanaspati, and industrial oil such as castor oil. The company has one operating segment, which is dealing in edible-non-edible oils and related activities.
76GF Score

Get the complete analysis for BOM:532980

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

₹40.96
Price
₹55.07
GF Value