Orient Ceratech (BOM:504879) Piotroski F-Score: 8 (As of Jul. 04, 2026) — 33% Above Median


BOM:504879 Orient Ceratech Ltd BOM:504879
71 GF Score
Price ₹41.28
GF Value ₹52.22
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Orient Ceratech Piotroski F-Score?

Orient Ceratech BOM:504879 +0.63% 71 Piotroski F-Score is 8 as of Jul. 04, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates BOM:504879 with a GF Score™ of 71/100 and a GF Value™ of ₹52.22 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,564 Chemicals companies, Orient Ceratech ranks better than 97.38% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Orient Ceratech has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Orient Ceratech's Piotroski F-Score or its related term are showing as below:

BOM:504879' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Orient Ceratech was 9. The lowest was 3. And the median was 6.

Orient Ceratech  (BOM:504879) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Orient Ceratech Piotroski F-Score Related Terms


Orient Ceratech Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Orient Ceratech's Piotroski F-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.

Orient Ceratech Piotroski F-Score Chart

Orient Ceratech Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.00 5.00 6.00 8.00

Orient Ceratech Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-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 6.00 0.00 0.00 0.00 8.00

BOM:504879 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Orient Ceratech'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.


Orient Ceratech Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Orient Ceratech's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Orient Ceratech's Piotroski F-Score falls into.


BOM:504879
71GF Score
Orient Ceratech Ltd BOM:504879
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹219 Mil.
Cash Flow from Operations was ₹512 Mil.
Revenue was ₹4,036 Mil.
Gross Profit was ₹1,700 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (4178.303 + 4156.439) / 2 = ₹4167.371 Mil.
Total Assets at the begining of this year (Mar25) was ₹4,178 Mil.
Long-Term Debt & Capital Lease Obligation was ₹218 Mil.
Total Current Assets was ₹2,471 Mil.
Total Current Liabilities was ₹793 Mil.
Net Income was ₹99 Mil.

Revenue was ₹3,271 Mil.
Gross Profit was ₹1,491 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (4063.798 + 4178.303) / 2 = ₹4121.0505 Mil.
Total Assets at the begining of last year (Mar24) was ₹4,064 Mil.
Long-Term Debt & Capital Lease Obligation was ₹367 Mil.
Total Current Assets was ₹2,364 Mil.
Total Current Liabilities was ₹853 Mil.

*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.

Orient Ceratech's current Net Income (TTM) was 219. ==> 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.

Orient Ceratech's current Cash Flow from Operations (TTM) was 512. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=218.585/4178.303
=0.0523143

ROA (Last Year)=Net Income/Total Assets (Mar24)
=99.259/4063.798
=0.02442518

Orient Ceratech's return on assets of this year was 0.0523143. Orient Ceratech's return on assets of last year was 0.02442518. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Orient Ceratech's current Net Income (TTM) was 219. Orient Ceratech's current Cash Flow from Operations (TTM) was 512. ==> 512 > 219 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=218.076/4167.371
=0.05232939

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=367.316/4121.0505
=0.08913164

Orient Ceratech's gearing of this year was 0.05232939. Orient Ceratech's gearing of last year was 0.08913164. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=2471.347/792.513
=3.11836777

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2364.142/853.315
=2.77053843

Orient Ceratech's current ratio of this year was 3.11836777. Orient Ceratech's current ratio of last year was 2.77053843. ==> 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.

Orient Ceratech's number of shares in issue this year was 119.445. Orient Ceratech's number of shares in issue last year was 119.589. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1699.731/4036.041
=0.42113819

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1491.097/3271.021
=0.45585064

Orient Ceratech's gross margin of this year was 0.42113819. Orient Ceratech's gross margin of last year was 0.45585064. ==> Last year's gross margin is higher ==> Score 0.

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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=4036.041/4178.303
=0.96595221

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3271.021/4063.798
=0.80491722

Orient Ceratech's asset turnover of this year was 0.96595221. Orient Ceratech's asset turnover of last year was 0.80491722. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+1+0+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Orient Ceratech has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Orient Ceratech (BOM:504879) has a Piotroski F-Score of 8 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Orient Ceratech and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Orient Ceratech's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Orient Ceratech ranks #41 out of 1564 companies in the Chemicals industry, placing it in the top 2.6%.
Is Orient Ceratech's Piotroski F-Score too high?
Orient Ceratech's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Chemicals industry median Piotroski F-Score is 5.00. Orient Ceratech's value of 8 is 60% above this industry median. Based on the distribution chart, Orient Ceratech ranks #41 out of 1564 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Orient Ceratech has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Orient Ceratech's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Orient Ceratech ranks #41 out of 1564 companies for Piotroski F-Score. This places Orient Ceratech in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Orient Ceratech's value of 8 is 60% above this benchmark. Historically, Orient Ceratech'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 6.00 vs. the industry median of 5.00, Orient Ceratech 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,564 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. Orient Ceratech's current Piotroski F-Score of 8 is 60% 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 Orient Ceratech and its competitors. For the Chemicals 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. Orient Ceratech's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orient Ceratech stock overvalued right now?
Based on GuruFocus' analysis, Orient Ceratech (BOM:504879) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹52.22, compared to a current price of ₹41.28 — trading 20.9% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Chemicals industry median of 5.00. Orient Ceratech's overall GF Score™ is 71/100 with 1 warning sign to review. 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 Orient Ceratech (BOM:504879), the current Piotroski F-Score is 8 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.

Is Orient Ceratech (BOM:504879) Overvalued in 2026?

Based on GuruFocus' analysis, Orient Ceratech stock appears to be undervalued. The current stock price of ₹41.28 is trading 20.9% below its estimated GF Value™ of ₹52.22. GuruFocus considers Orient Ceratech to be Modestly Undervalued.

Key valuation signals for BOM:504879:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: ₹52.22 vs. price of ₹41.28 (20.9% below fair value)
  • GF Score™: 71/100 with 1 warning sign
  • Industry Position: 60% above the Chemicals median (#41 of 1564)

No single metric tells the full story. See the BOM:504879 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Orient Ceratech Business Description

Other Exchanges ORIENTCER:India
Address D.N. Road, Jeevan Udyog Building, 2nd Floor, 278, Fort, Mumbai, MH, IND, 400 001
Orient Ceratech Ltd is an Indian-based company. It has two reportable segments: Alumina Refactories, Monolithics products, and bauxite ores, which are the key revenue driver; and Power generation. Alumina Refractories and Monolithics products manufacture calcined bauxite, fused aluminum oxide abrasive grains, and low cement castables which are mainly consumed in steel plants. The company also has a thermal power plant, furnace oil-based power plant, and windmills. The power generated from the thermal power plant and furnace oil-based power plant is captively consumed at the plant and power generated from windmills is sold to the respective state power distribution companies.
71GF Score

Get the complete analysis for BOM:504879

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

₹41.28
Price
₹52.22
GF Value