Riddhi Display Equipments (BOM:544640) Altman Z-Score: 2.18 (As of Jul. 25, 2026) — 10% Above Median

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BOM:544640 Riddhi Display Equipments Ltd BOM:544640
16 GF Score
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What is Riddhi Display Equipments Altman Z-Score?

Riddhi Display Equipments BOM:544640 16 Altman Z-Score is 2.18 as of Jul. 25, 2026, which is 10% above its 10-year median of 1.99. GuruFocus rates BOM:544640 with a GF Score™ of 16/100. The stock has 6 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, Riddhi Display Equipments ranks worse than 64.25% 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 2.19 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.

Riddhi Display Equipments has a Altman Z-Score of 2.18, indicating it is in Grey Zones. This implies that Riddhi Display Equipments 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 Riddhi Display Equipments's Altman Z-Score or its related term are showing as below:

BOM:544640' s Altman Z-Score Range Over the Past 10 Years
Min: 1.99   Med: 1.99   Max: 2.19
Current: 2.19

During the past 4 years, Riddhi Display Equipments's highest Altman Z-Score was 2.19. The lowest was 1.99. And the median was 1.99.


Riddhi Display Equipments  (BOM:544640) 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.


Riddhi Display Equipments Altman Z-Score Related Terms


Riddhi Display Equipments Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Riddhi Display Equipments'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.

Riddhi Display Equipments Altman Z-Score Chart

Riddhi Display Equipments Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Altman Z-Score
0.00 0.00 0.00 1.99

Riddhi Display Equipments Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Altman Z-Score 0.00 0.00 0.00 1.99

BOM:544640 vs SN, SGI, MHK: Altman Z-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Riddhi Display Equipments'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.


Riddhi Display Equipments Altman Z-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Riddhi Display Equipments's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Riddhi Display Equipments's Altman Z-Score falls into.


BOM:544640
16GF Score
Riddhi Display Equipments Ltd BOM:544640
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Riddhi Display Equipments 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.

Riddhi Display Equipments'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*0.4815+1.4*0+3.3*0.1155+0.6*1.2296+1.0*0.4873
=2.18

* 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 ₹597.1 Mil.
Total Current Assets was ₹486.1 Mil.
Total Current Liabilities was ₹198.5 Mil.
Retained Earnings was ₹0.0 Mil.
Pre-Tax Income was ₹56.9 Mil.
Interest Expense was ₹-12.1 Mil.
Revenue was ₹291.0 Mil.
Market Cap (Today) was ₹277.7 Mil.
Total Liabilities was ₹225.8 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
=(486.052 - 198.516)/597.122
=0.4815

X2=Retained Earnings/Total Assets
=0/597.122
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(56.914 - -12.083)/597.122
=0.1155

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=277.689/225.839
=1.2296

X5=Revenue/Total Assets
=290.962/597.122
=0.4873

The zones of discrimination were as such:

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

Riddhi Display Equipments has a Altman Z-Score of 2.18 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 2.18 mean?
Riddhi Display Equipments (BOM:544640) has a Altman Z-Score of 2.18 as of Jul. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Riddhi Display Equipments and its competitors. This is 10% above median its historical median of 1.99. Over the past decade, Riddhi Display Equipments' Altman Z-Score has ranged from 1.99 to 2.19. According to the industry distribution chart, Riddhi Display Equipments ranks #275 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 64.3%.
Is Riddhi Display Equipments' Altman Z-Score too high?
Riddhi Display Equipments' current Altman Z-Score of 2.18 is 10% above median its 10-year median of 1.99. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 2.19. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.79. Riddhi Display Equipments' value of 2.18 is 21.9% below this industry median. Based on the distribution chart, Riddhi Display Equipments ranks #275 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Riddhi Display Equipments has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Riddhi Display Equipments' Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Riddhi Display Equipments ranks #275 out of 428 companies for Altman Z-Score. This places Riddhi Display Equipments in the lower half of its industry. The industry median Altman Z-Score is 2.79. Riddhi Display Equipments' value of 2.18 is 21.9% below this benchmark. Historically, Riddhi Display Equipments' own Altman Z-Score has ranged from 1.99 to 2.19 over the past decade. While the company's 10-year median is 1.99 vs. the industry median of 2.79, Riddhi Display Equipments 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 a Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.79, based on 428 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. Riddhi Display Equipments's current Altman Z-Score of 2.18 is 21.9% 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 Riddhi Display Equipments and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Riddhi Display Equipments's current Altman Z-Score is 2.18, which is 10% above median its own 10-year median of 1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riddhi Display Equipments stock overvalued right now?
Riddhi Display Equipments (BOM:544640) has a current Altman Z-Score of 2.18. The current Altman Z-Score is 2.18, which is 10% above median its 10-year median of 1.99 and 21.9% below the Furnishings, Fixtures & Appliances industry median of 2.79. Riddhi Display Equipments' overall GF Score™ is 16/100 with 6 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 Riddhi Display Equipments (BOM:544640), the current Altman Z-Score is 2.18 as of Jul. 25, 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.

Riddhi Display Equipments Business Description

Address National Highway-27 Gondal Highway, Plot No.1, Survey No.2/1 P4/P2, Village Bhojpara, Gondal, Rajkot, GJ, IND, 360311
Riddhi Display Equipments Ltd is engaged in the business of manufacturing and supply of Display Counter, Kitchen Equipments and Refrigeration Equipments. It is engaged in creating inventive and tailormade solutions for commercial kitchen and bakery setup requirements. The Company offers customized display equipment for Sweet, Bakery, Namkeen, Fast-food, Chat, Dry Fruit, Snacks, Panipuri (Gol Gappa), Sweet Corn, Ice-cream and Shrikhand. The products manufacture by the company are supplied to Restaurants, Food Courts, Cafes, Retail Shops, Super Markets, Ice Cream Parlours, Cake & Pastry Shops, etc.
16GF Score

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