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Gufic Biosciences (BOM:509079) Piotroski F-Score : 3 (As of Apr. 01, 2025)


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What is Gufic Biosciences Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Gufic Biosciences has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

BOM:509079' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Gufic Biosciences was 7. The lowest was 1. And the median was 5.


Gufic Biosciences Piotroski F-Score Historical Data

The historical data trend for Gufic Biosciences'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.

* Premium members only.

Gufic Biosciences Piotroski F-Score Chart

Gufic Biosciences Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 7.00 3.00 3.00

Gufic Biosciences Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - 3.00 - - -

Competitive Comparison of Gufic Biosciences's Piotroski F-Score

For the Drug Manufacturers - Specialty & Generic subindustry, Gufic Biosciences'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.


Gufic Biosciences's Piotroski F-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Gufic Biosciences's Piotroski F-Score distribution charts can be found below:

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


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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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was ₹861 Mil.
Cash Flow from Operations was ₹-75 Mil.
Revenue was ₹7,697 Mil.
Gross Profit was ₹3,704 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (8611.595 + 10925.414) / 2 = ₹9768.5045 Mil.
Total Assets at the begining of this year (Mar23) was ₹8,612 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,655 Mil.
Total Current Assets was ₹6,005 Mil.
Total Current Liabilities was ₹3,720 Mil.
Net Income was ₹797 Mil.

Revenue was ₹6,798 Mil.
Gross Profit was ₹3,389 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (5214.018 + 8611.595) / 2 = ₹6912.8065 Mil.
Total Assets at the begining of last year (Mar22) was ₹5,214 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,069 Mil.
Total Current Assets was ₹4,641 Mil.
Total Current Liabilities was ₹2,882 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.

Gufic Biosciences's current Net Income (TTM) was 861. ==> 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.

Gufic Biosciences's current Cash Flow from Operations (TTM) was -75. ==> Negative ==> Score 0.

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 (Mar23)
=861.356/8611.595
=0.10002282

ROA (Last Year)=Net Income/Total Assets (Mar22)
=797.048/5214.018
=0.15286637

Gufic Biosciences's return on assets of this year was 0.10002282. Gufic Biosciences's return on assets of last year was 0.15286637. ==> 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.

Gufic Biosciences's current Net Income (TTM) was 861. Gufic Biosciences's current Cash Flow from Operations (TTM) was -75. ==> -75 <= 861 ==> CFROA <= ROA ==> Score 0.

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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1655.182/9768.5045
=0.16944068

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=2068.892/6912.8065
=0.29928394

Gufic Biosciences's gearing of this year was 0.16944068. Gufic Biosciences's gearing of last year was 0.29928394. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=6004.792/3720.489
=1.61397924

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=4641.086/2882.075
=1.61032798

Gufic Biosciences's current ratio of this year was 1.61397924. Gufic Biosciences's current ratio of last year was 1.61032798. ==> 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.

Gufic Biosciences's number of shares in issue this year was 98.52. Gufic Biosciences's number of shares in issue last year was 96.945. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=3703.638/7696.562
=0.4812068

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3388.507/6797.546
=0.49848975

Gufic Biosciences's gross margin of this year was 0.4812068. Gufic Biosciences's gross margin of last year was 0.49848975. ==> 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 (Mar23)
=7696.562/8611.595
=0.89374407

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=6797.546/5214.018
=1.30370589

Gufic Biosciences's asset turnover of this year was 0.89374407. Gufic Biosciences's asset turnover of last year was 1.30370589. ==> 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+0+0+0+1+1+0+0+0
=3

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

Gufic Biosciences has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Gufic Biosciences  (BOM:509079) 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.


Gufic Biosciences Piotroski F-Score Related Terms

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Gufic Biosciences Business Description

Traded in Other Exchanges
Address
SM House, 11 Sahakar Road, 1st to 4th Floor, Vile Parle (East), Mumbai, MH, IND, 400 057
Gufic Biosciences Ltd is engaged in the manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals, and related services. Geographically, it derives a majority of revenue from India. Its product portfolio includes Criticare; Criticare Life; Ferticare; Spark; Herbal and other products. The company's lyophilized product includes antibiotics, anti-fungal, cardiac, infertility, anti-viral and a proton-pump inhibitor. It derives maximum revenue from India.

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