Rajshree Polypack (NSE:RPPL) Altman Z-Score: 2.02 (As of Jul. 15, 2026) — 21% Below Median

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NSE:RPPL Rajshree Polypack Ltd NSE:RPPL
75 GF Score
Price ₹21.88
GF Value ₹33.57
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Rajshree Polypack Altman Z-Score?

Rajshree Polypack NSE:RPPL -3.06% 75 Altman Z-Score is 2.02 as of Jul. 15, 2026, which is 21% below its 10-year median of 2.55. GuruFocus rates NSE:RPPL with a GF Score™ of 75/100 and a GF Value™ of ₹33.57 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 391 Packaging & Containers companies, Rajshree Polypack ranks worse than 64.96% 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 2.05 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.

Rajshree Polypack has a Altman Z-Score of 2.02, indicating it is in Grey Zones. This implies that Rajshree Polypack 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 Rajshree Polypack's Altman Z-Score or its related term are showing as below:

NSE:RPPL' s Altman Z-Score Range Over the Past 10 Years
Min: 1.86   Med: 2.55   Max: 4.62
Current: 2.05

During the past 13 years, Rajshree Polypack's highest Altman Z-Score was 4.62. The lowest was 1.86. And the median was 2.55.


Rajshree Polypack  (NSE:RPPL) 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.


Rajshree Polypack Altman Z-Score Related Terms


Rajshree Polypack Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Rajshree Polypack'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.

Rajshree Polypack Altman Z-Score Chart

Rajshree Polypack 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 2.59 2.44 3.12 2.37 1.86

Rajshree Polypack Quarterly Data
Sep20 Mar21 Sep21 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 2.37 2.52 1.86 1.87 1.86

NSE:RPPL vs SW, PKG, IP: Altman Z-Score Comparison

For the Packaging & Containers subindustry, Rajshree Polypack'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.


Rajshree Polypack Altman Z-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Rajshree Polypack's Altman Z-Score distribution charts can be found below:

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


NSE:RPPL
75GF Score
Rajshree Polypack Ltd NSE:RPPL
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Rajshree Polypack 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.

Rajshree Polypack'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*0.1097+1.4*0+3.3*0.0981+0.6*0.9931+1.0*0.9709
=2.02

* 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 ₹3,421 Mil.
Total Current Assets was ₹1,557 Mil.
Total Current Liabilities was ₹1,182 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 85.398 + 29.115 + 60.058 + 54.07 = ₹229 Mil.
Interest Expense was -24.226 + -27.806 + -26.453 + -28.528 = ₹-107 Mil.
Revenue was 916.188 + 716.2 + 864.286 + 825.165 = ₹3,322 Mil.
Market Cap (Today) was ₹1,605 Mil.
Total Liabilities was ₹1,616 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
=(1556.878 - 1181.541)/3421.315
=0.1097

X2=Retained Earnings/Total Assets
=0/3421.315
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(228.641 - -107.013)/3421.315
=0.0981

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1604.767/1615.92
=0.9931

X5=Revenue/Total Assets
=3321.839/3421.315
=0.9709

The zones of discrimination were as such:

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

Rajshree Polypack has a Altman Z-Score of 2.02 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 2.02 mean?
Rajshree Polypack (NSE:RPPL) has a Altman Z-Score of 2.02 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Rajshree Polypack and its competitors. This is 21% below median its historical median of 2.55. Over the past decade, Rajshree Polypack's Altman Z-Score has ranged from 1.86 to 4.62. According to the industry distribution chart, Rajshree Polypack ranks #254 out of 391 companies in the Packaging & Containers industry, placing it in the top 65%.
Is Rajshree Polypack's Altman Z-Score too high?
Rajshree Polypack's current Altman Z-Score of 2.02 is 21% below median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 4.62. The Packaging & Containers industry median Altman Z-Score is 2.63. Rajshree Polypack's value of 2.02 is 23.2% below this industry median. Based on the distribution chart, Rajshree Polypack ranks #254 out of 391 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Rajshree Polypack has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rajshree Polypack's Altman Z-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Rajshree Polypack ranks #254 out of 391 companies for Altman Z-Score. This places Rajshree Polypack in the lower half of its industry. The industry median Altman Z-Score is 2.63. Rajshree Polypack's value of 2.02 is 23.2% below this benchmark. Historically, Rajshree Polypack's own Altman Z-Score has ranged from 1.86 to 4.62 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 2.63, Rajshree Polypack 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 Packaging & Containers company?
The median Altman Z-Score among Packaging & Containers companies is 2.63, based on 391 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. Rajshree Polypack's current Altman Z-Score of 2.02 is 23.2% 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 Rajshree Polypack and its competitors. For the Packaging & Containers industry, the median Altman Z-Score is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rajshree Polypack's current Altman Z-Score is 2.02, which is 21% below median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rajshree Polypack stock overvalued right now?
Based on GuruFocus' analysis, Rajshree Polypack (NSE:RPPL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹33.57, compared to a current price of ₹21.88 — trading 34.8% below its estimated fair value. The current Altman Z-Score is 2.02, which is 21% below median its 10-year median of 2.55 and 23.2% below the Packaging & Containers industry median of 2.63. Rajshree Polypack's overall GF Score™ is 75/100 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 Rajshree Polypack (NSE:RPPL), the current Altman Z-Score is 2.02 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 Rajshree Polypack (NSE:RPPL) Overvalued in 2026?

Based on GuruFocus' analysis, Rajshree Polypack stock appears to be undervalued. The current stock price of ₹21.88 is trading 34.8% below its estimated GF Value™ of ₹33.57. GuruFocus considers Rajshree Polypack to be Significantly Undervalued.

Key valuation signals for NSE:RPPL:

  • Altman Z-Score: 2.02 (21% below median its 10-year median of 2.55)
  • GF Value™: ₹33.57 vs. price of ₹21.88 (34.8% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 23.2% below the Packaging & Containers median (#254 of 391)

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


Rajshree Polypack Business Description

Address Road No. 22, Kishan Nagar, 5th Floor, Unit No. 503-504, Lodha Supremus, Building No.1, Near New Passport Office, Thane (West), Wagle Estate, Thane, MH, IND, 400604
Rajshree Polypack Ltd is engaged in the business of manufacturing and trading plastic packaging products. The company's product categories include plastic rigid sheets and thermoformed products such as polypropylene sheets, polyethylene terephthalate, and high-impact polystyrene, among others. It serves dairy, beverages, FMCG, QSR, retail, pharmaceuticals, and electronics sectors, among others. Geographically, the company has a presence in India and outside India, of which a majority of its revenue is derived from India.
75GF Score

Get the complete analysis for NSE:RPPL

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

₹21.88
Price
₹33.57
GF Value