Piotroski F-Score is 9, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Orissa Sponge Iron & Steel has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Orissa Sponge Iron & Steel's Piotroski F-Score or its related term are showing as below:
BOM:504864'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 9
Current: 9
During the past 13 years, the highest Piotroski F-Score of Orissa Sponge Iron & Steel was 9. The lowest was 3. And the median was 4.
Orissa Sponge Iron & Steel (BOM:504864) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Orissa Sponge Iron & Steel Piotroski F-Score Related Terms
Orissa Sponge Iron & Steel Piotroski F-Score Historical Data
* 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.
Orissa Sponge Iron & Steel Piotroski F-Score Chart
For the Steel subindustry, Orissa Sponge Iron & Steel's Piotroski F-Score, along with its competitors' market caps and Piotroski F-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.
Orissa Sponge Iron & Steel Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Orissa Sponge Iron & Steel's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Orissa Sponge Iron & Steel's Piotroski F-Score falls into.
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Orissa Sponge Iron & Steel's current Net Income (TTM) was 47.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Orissa Sponge Iron & Steel's current Cash Flow from Operations (TTM) was 1,064.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Orissa Sponge Iron & Steel's return on assets of this year was 0.0077511. Orissa Sponge Iron & Steel's return on assets of last year was -0.07396741.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Orissa Sponge Iron & Steel's gearing of this year was 0.55205144. Orissa Sponge Iron & Steel's gearing of last year was 0.71950106.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Orissa Sponge Iron & Steel's current ratio of this year was 0.52789665. Orissa Sponge Iron & Steel's current ratio of last year was 0.43932078.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Orissa Sponge Iron & Steel's number of shares in issue this year was 29.79. Orissa Sponge Iron & Steel's number of shares in issue last year was 29.79.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Orissa Sponge Iron & Steel's gross margin of this year was -0.02981996. Orissa Sponge Iron & Steel's gross margin of last year was -0.17150763.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Orissa Sponge Iron & Steel's asset turnover of this year was 0.67602846. Orissa Sponge Iron & Steel's asset turnover of last year was 0.22678155.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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9
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Orissa Sponge Iron & Steel has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
Orissa Sponge Iron & Steel (BOM:504864) has a Piotroski F-Score of 9 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Orissa Sponge Iron & Steel and its competitors. This is 125% above median its historical median of 4.00. Over the past decade, Orissa Sponge Iron & Steel's Piotroski F-Score has ranged from 3.00 to 9.00.
Is Orissa Sponge Iron & Steel's Piotroski F-Score too high?
Orissa Sponge Iron & Steel's current Piotroski F-Score of 9 is 125% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Steel industry median Piotroski F-Score is 5.00. Orissa Sponge Iron & Steel's value of 9 is 80% above this industry median.
How does Orissa Sponge Iron & Steel's Piotroski F-Score compare to NUE?
Orissa Sponge Iron & Steel's Piotroski F-Score of 9 can be compared against companies in the Steel industry. The industry median Piotroski F-Score is 5.00. Orissa Sponge Iron & Steel's value of 9 is 80% above this benchmark. Historically, Orissa Sponge Iron & Steel's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Orissa Sponge Iron & Steel 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 Piotroski F-Score for a Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 622 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Orissa Sponge Iron & Steel's current Piotroski F-Score of 9 is 80% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Orissa Sponge Iron & Steel and its competitors. For the Steel industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orissa Sponge Iron & Steel's current Piotroski F-Score is 9, which is 125% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orissa Sponge Iron & Steel stock overvalued right now?
Orissa Sponge Iron & Steel (BOM:504864) has a current Piotroski F-Score of 9. The current Piotroski F-Score is 9, which is 125% above median its 10-year median of 4.00 and 80% above the Steel industry median of 5.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Orissa Sponge Iron & Steel (BOM:504864), the current Piotroski F-Score is 9 as of Jul. 04, 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.
Orissa Sponge Iron & Steel Ltd is engaged in manufacturing and selling iron and steel. It mainly operates coal-based sponge iron plants, waste energy recovery-based power plants, and a billet-making plant. The Company's business activities falls within a single primary business segment which is Iron & Steel. The firm generates revenues through the sale of surplus power, and also involves in providing engineering and technical services. It operates a coal-based sponge iron plant, waste energy recovery-based power plants, and a billet-making plant.
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