Ramdevbaba Solvent (NSE:RBS) Altman Z-Score: 2.81 (As of Jul. 05, 2026) — Near Median


NSE:RBS Ramdevbaba Solvent Ltd NSE:RBS
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What is Ramdevbaba Solvent Altman Z-Score?

Ramdevbaba Solvent NSE:RBS 24 Altman Z-Score is 2.81 as of Jul. 05, 2026, which is 5% below its 10-year median of 2.96. GuruFocus rates NSE:RBS with a GF Score™ of 24/100. The stock has 5 warning signs investors should review. Among 1,931 Consumer Packaged Goods companies, Ramdevbaba Solvent ranks worse than 50.96% 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 2.81 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.

Ramdevbaba Solvent has a Altman Z-Score of 2.81, indicating it is in Grey Zones. This implies that Ramdevbaba Solvent 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 Ramdevbaba Solvent's Altman Z-Score or its related term are showing as below:

NSE:RBS' s Altman Z-Score Range Over the Past 10 Years
Min: 2.81   Med: 2.96   Max: 2.96
Current: 2.81

During the past 5 years, Ramdevbaba Solvent's highest Altman Z-Score was 2.96. The lowest was 2.81. And the median was 2.96.


Ramdevbaba Solvent  (NSE:RBS) 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.


Ramdevbaba Solvent Altman Z-Score Related Terms


Ramdevbaba Solvent Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Ramdevbaba 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.

Ramdevbaba Solvent Altman Z-Score Chart

Ramdevbaba Solvent Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Altman Z-Score
0.00 0.00 0.00 0.00 2.96

Ramdevbaba Solvent Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Altman Z-Score 0.00 0.00 0.00 0.00 2.96

NSE:RBS vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Ramdevbaba 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.


Ramdevbaba Solvent Altman Z-Score vs Consumer Packaged Goods Industry

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

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


NSE:RBS
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Ramdevbaba Solvent Ltd NSE:RBS
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Ramdevbaba 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.

Ramdevbaba 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*0.1298+1.4*0.1382+3.3*0.0578+0.6*0.5747+1.0*1.9268
=2.81

* 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. 2025:
Total Assets was ₹4,820 Mil.
Total Current Assets was ₹1,764 Mil.
Total Current Liabilities was ₹1,138 Mil.
Retained Earnings was ₹666 Mil.
Pre-Tax Income was ₹201 Mil.
Interest Expense was ₹-78 Mil.
Revenue was ₹9,287 Mil.
Market Cap (Today) was ₹1,829 Mil.
Total Liabilities was ₹3,182 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
=(1763.854 - 1138.429)/4819.934
=0.1298

X2=Retained Earnings/Total Assets
=666.062/4819.934
=0.1382

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(200.822 - -77.878)/4819.934
=0.0578

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1828.908/3182.332
=0.5747

X5=Revenue/Total Assets
=9286.882/4819.934
=1.9268

The zones of discrimination were as such:

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

Ramdevbaba Solvent has a Altman Z-Score of 2.81 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 2.81 mean?
Ramdevbaba Solvent (NSE:RBS) has a Altman Z-Score of 2.81 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ramdevbaba Solvent and its competitors. This is near median its historical median of 2.96. Over the past decade, Ramdevbaba Solvent's Altman Z-Score has ranged from 2.81 to 2.96. According to the industry distribution chart, Ramdevbaba Solvent ranks #984 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 51%.
Is Ramdevbaba Solvent's Altman Z-Score too high?
Ramdevbaba Solvent's current Altman Z-Score of 2.81 is near median its 10-year median of 2.96. Over the past 10 years, this metric has ranged from a low of 2.81 to a high of 2.96. The Consumer Packaged Goods industry median Altman Z-Score is 2.86. Ramdevbaba Solvent's value of 2.81 is 1.7% below this industry median. Based on the distribution chart, Ramdevbaba Solvent ranks #984 out of 1931 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Ramdevbaba Solvent has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Ramdevbaba Solvent's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ramdevbaba Solvent ranks #984 out of 1931 companies for Altman Z-Score. This places Ramdevbaba Solvent in the lower half of its industry. The industry median Altman Z-Score is 2.86. Ramdevbaba Solvent's value of 2.81 is 1.7% below this benchmark. Historically, Ramdevbaba Solvent's own Altman Z-Score has ranged from 2.81 to 2.96 over the past decade. While the company's 10-year median is 2.96 vs. the industry median of 2.86, Ramdevbaba Solvent 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.86, based on 1,931 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. Ramdevbaba Solvent's current Altman Z-Score of 2.81 is 1.7% 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 Ramdevbaba Solvent and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramdevbaba Solvent's current Altman Z-Score is 2.81, which is near median its own 10-year median of 2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramdevbaba Solvent stock overvalued right now?
Ramdevbaba Solvent (NSE:RBS) has a current Altman Z-Score of 2.81. The current Altman Z-Score is 2.81, which is near median its 10-year median of 2.96 and 1.7% below the Consumer Packaged Goods industry median of 2.86. Ramdevbaba Solvent's overall GF Score™ is 24/100 with 5 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 Ramdevbaba Solvent (NSE:RBS), the current Altman Z-Score is 2.81 as of Jul. 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.

Ramdevbaba Solvent Business Description

Address Central Avenue Road, Honey Arjun Kaushalya Tower, 2nd Floor, Block No. 205 and 206, Telephone Exchange Chowk, Near HDFC Bank, Nagpur, MH, IND, 440008
Ramdevbaba Solvent Ltd is engaged in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil. It manufactures and sells Rice Bran Oil to FMCG companies. The company manufactures Rice Bran Oil under its own brands Tulsi and Sehat and sells through distributors who in turn sell to various retailers across Maharashtra. The company also produces De-oiled Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil, and sells the same as cattle feed, poultry feed, and fish feed in the States of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. The company generates all of its revenue from the sale of products.
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