Sulabh Engineers & Services (BOM:508969) Piotroski F-Score: 7 (As of Jul. 03, 2026) — 17% Above Median


BOM:508969 Sulabh Engineers & Services Ltd BOM:508969
73 GF Score
Price ₹2.72
GF Value ₹4.09
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Sulabh Engineers & Services Piotroski F-Score?

Sulabh Engineers & Services BOM:508969 73 Piotroski F-Score is 7 as of Jul. 03, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BOM:508969 with a GF Score™ of 73/100 and a GF Value™ of ₹4.09 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 531 Credit Services companies, Sulabh Engineers & Services ranks better than 92.28% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Sulabh Engineers & Services has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Sulabh Engineers & Services's Piotroski F-Score or its related term are showing as below:

BOM:508969' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Sulabh Engineers & Services was 9. The lowest was 5. And the median was 6.

Sulabh Engineers & Services  (BOM:508969) 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.


Sulabh Engineers & Services Piotroski F-Score Related Terms


Sulabh Engineers & Services Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sulabh Engineers & Services'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.

Sulabh Engineers & Services Piotroski F-Score Chart

Sulabh Engineers & Services 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 6.00 9.00 5.00 7.00 7.00

Sulabh Engineers & Services 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 7.00 0.00 0.00 0.00 7.00

BOM:508969 vs V, MA, AXP: Piotroski F-Score Comparison

For the Credit Services subindustry, Sulabh Engineers & Services'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.


Sulabh Engineers & Services Piotroski F-Score vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Sulabh Engineers & Services's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sulabh Engineers & Services's Piotroski F-Score falls into.


BOM:508969
73GF Score
Sulabh Engineers & Services Ltd BOM:508969
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 ₹8.66 Mil.
Cash Flow from Operations was ₹17.73 Mil.
Revenue was ₹37.92 Mil.
Gross Profit was ₹45.29 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (469.261 + 468.662) / 2 = ₹468.9615 Mil.
Total Assets at the begining of this year (Mar25) was ₹469.26 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Total Current Assets was ₹139.98 Mil.
Total Current Liabilities was ₹6.67 Mil.
Net Income was ₹24.63 Mil.

Revenue was ₹48.78 Mil.
Gross Profit was ₹39.43 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (425.354 + 469.261) / 2 = ₹447.3075 Mil.
Total Assets at the begining of last year (Mar24) was ₹425.35 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Total Current Assets was ₹131.55 Mil.
Total Current Liabilities was ₹24.67 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.

Sulabh Engineers & Services's current Net Income (TTM) was 8.66. ==> 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.

Sulabh Engineers & Services's current Cash Flow from Operations (TTM) was 17.73. ==> 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)
=8.661/469.261
=0.01845668

ROA (Last Year)=Net Income/Total Assets (Mar24)
=24.625/425.354
=0.05789296

Sulabh Engineers & Services's return on assets of this year was 0.01845668. Sulabh Engineers & Services's return on assets of last year was 0.05789296. ==> Last year is higher ==> Score 0.

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.

Sulabh Engineers & Services's current Net Income (TTM) was 8.66. Sulabh Engineers & Services's current Cash Flow from Operations (TTM) was 17.73. ==> 17.73 > 8.66 ==> 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
=0/468.9615
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/447.3075
=0

Sulabh Engineers & Services's gearing of this year was 0. Sulabh Engineers & Services's gearing of last year was 0. ==> 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
=139.975/6.666
=20.99834983

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=131.554/24.665
=5.33363065

Sulabh Engineers & Services's current ratio of this year was 20.99834983. Sulabh Engineers & Services's current ratio of last year was 5.33363065. ==> 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.

Sulabh Engineers & Services's number of shares in issue this year was 100.475. Sulabh Engineers & Services's number of shares in issue last year was 100.475. ==> 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
=45.289/37.915
=1.19448767

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=39.434/48.781
=0.80838851

Sulabh Engineers & Services's gross margin of this year was 1.19448767. Sulabh Engineers & Services's gross margin of last year was 0.80838851. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=37.915/469.261
=0.08079725

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=48.781/425.354
=0.1146833

Sulabh Engineers & Services's asset turnover of this year was 0.08079725. Sulabh Engineers & Services's asset turnover of last year was 0.1146833. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Sulabh Engineers & Services has an F-score of 7. 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 7 mean?
Sulabh Engineers & Services (BOM:508969) has a Piotroski F-Score of 7 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sulabh Engineers & Services and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Sulabh Engineers & Services' Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Sulabh Engineers & Services ranks #41 out of 531 companies in the Credit Services industry, placing it in the top 7.7%.
Is Sulabh Engineers & Services' Piotroski F-Score too high?
Sulabh Engineers & Services' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Credit Services industry median Piotroski F-Score is 5.00. Sulabh Engineers & Services' value of 7 is 40% above this industry median. Based on the distribution chart, Sulabh Engineers & Services ranks #41 out of 531 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Sulabh Engineers & Services has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sulabh Engineers & Services' Piotroski F-Score compare to V and MA?
According to the Credit Services industry distribution chart, Sulabh Engineers & Services ranks #41 out of 531 companies for Piotroski F-Score. This places Sulabh Engineers & Services in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sulabh Engineers & Services' value of 7 is 40% above this benchmark. Historically, Sulabh Engineers & Services' own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Sulabh Engineers & Services 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 Credit Services company?
The median Piotroski F-Score among Credit Services companies is 5.00, based on 531 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. Sulabh Engineers & Services's current Piotroski F-Score of 7 is 40% 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 Sulabh Engineers & Services and its competitors. For the Credit Services 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. Sulabh Engineers & Services's current Piotroski F-Score is 7, which is 17% 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 Sulabh Engineers & Services stock overvalued right now?
Based on GuruFocus' analysis, Sulabh Engineers & Services (BOM:508969) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹4.09, compared to a current price of ₹2.72 — trading 33.5% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Credit Services industry median of 5.00. Sulabh Engineers & Services' overall GF Score™ is 73/100 with 5 warning signs 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 Sulabh Engineers & Services (BOM:508969), the current Piotroski F-Score is 7 as of Jul. 03, 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 Sulabh Engineers & Services (BOM:508969) Overvalued in 2026?

Based on GuruFocus' analysis, Sulabh Engineers & Services stock appears to be undervalued. The current stock price of ₹2.72 is trading 33.5% below its estimated GF Value™ of ₹4.09. GuruFocus considers Sulabh Engineers & Services to be Significantly Undervalued.

Key valuation signals for BOM:508969:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: ₹4.09 vs. price of ₹2.72 (33.5% below fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 40% above the Credit Services median (#41 of 531)

No single metric tells the full story. See the BOM:508969 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sulabh Engineers & Services Business Description

Address Cabin No. 365 & 366, 14/113, Civil Lines, Padam Tower-II, 3rd Floor, Kanpur, UP, IND, 208001
Sulabh Engineers & Services Ltd is an India-based Non-Banking Financial Company predominantly engaged in lending and related activities. It provides financial services except for insurance and pension funding activities. Its business includes Asset Financing, Margin Financing, Promoter Funding, Stressed Assets Funding, Business or Capacity expansion Loans, Term Loans against Property, Purchase of Equipment and Machinery Loans, and Working Capital Loans.
73GF Score

Get the complete analysis for BOM:508969

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

₹2.72
Price
₹4.09
GF Value