Caprihans India (BOM:509486) Piotroski F-Score: 6 (As of Jun. 29, 2026) — 20% Above Median


BOM:509486 Caprihans India Ltd BOM:509486
56 GF Score
Price ₹78.50
GF Value ₹123.61
Valuation Possible Value Trap
! 4 Warning Signs
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What is Caprihans India Piotroski F-Score?

Caprihans India BOM:509486 +0.27% 56 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates BOM:509486 with a GF Score™ of 56/100 and a GF Value™ of ₹123.61 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,563 Chemicals companies, Caprihans India ranks better than 76.33% on this metric.

The zones of discrimination were as such:

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

Caprihans India has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

BOM:509486' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Caprihans India was 8. The lowest was 4. And the median was 5.

Caprihans India  (BOM:509486) 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.


Caprihans India Piotroski F-Score Related Terms


Caprihans India Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Caprihans India'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.

Caprihans India Piotroski F-Score Chart

Caprihans India 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 4.00 5.00 5.00 4.00 6.00

Caprihans India 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 4.00 0.00 0.00 0.00 6.00

BOM:509486 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Caprihans India'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.


Caprihans India Piotroski F-Score vs Chemicals Industry

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

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


BOM:509486
56GF Score
Caprihans India Ltd BOM:509486
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 ₹-470 Mil.
Cash Flow from Operations was ₹1,212 Mil.
Revenue was ₹7,019 Mil.
Gross Profit was ₹2,208 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (12538.1 + 11849) / 2 = ₹12193.55 Mil.
Total Assets at the begining of this year (Mar25) was ₹12,538 Mil.
Long-Term Debt & Capital Lease Obligation was ₹4,822 Mil.
Total Current Assets was ₹2,939 Mil.
Total Current Liabilities was ₹2,855 Mil.
Net Income was ₹-627 Mil.

Revenue was ₹7,379 Mil.
Gross Profit was ₹2,210 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (14171.1 + 12538.1) / 2 = ₹13354.6 Mil.
Total Assets at the begining of last year (Mar24) was ₹14,171 Mil.
Long-Term Debt & Capital Lease Obligation was ₹4,526 Mil.
Total Current Assets was ₹2,558 Mil.
Total Current Liabilities was ₹3,256 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.

Caprihans India's current Net Income (TTM) was -470. ==> Negative ==> Score 0.

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.

Caprihans India's current Cash Flow from Operations (TTM) was 1,212. ==> 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)
=-470/12538.1
=-0.03748574

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-626.6/14171.1
=-0.04421675

Caprihans India's return on assets of this year was -0.03748574. Caprihans India's return on assets of last year was -0.04421675. ==> 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.

Caprihans India's current Net Income (TTM) was -470. Caprihans India's current Cash Flow from Operations (TTM) was 1,212. ==> 1,212 > -470 ==> 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
=4821.7/12193.55
=0.39543037

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4525.5/13354.6
=0.338872

Caprihans India's gearing of this year was 0.39543037. Caprihans India's gearing of last year was 0.338872. ==> Last year is lower than this year ==> Score 0.

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
=2938.5/2854.6
=1.02939116

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2557.5/3255.9
=0.7854971

Caprihans India's current ratio of this year was 1.02939116. Caprihans India's current ratio of last year was 0.7854971. ==> 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.

Caprihans India's number of shares in issue this year was 14.651. Caprihans India's number of shares in issue last year was 13.545. ==> 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
=2207.7/7019.1
=0.3145275

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2210.2/7378.5
=0.29954598

Caprihans India's gross margin of this year was 0.3145275. Caprihans India's gross margin of last year was 0.29954598. ==> 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)
=7019.1/12538.1
=0.55982166

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7378.5/14171.1
=0.52067235

Caprihans India's asset turnover of this year was 0.55982166. Caprihans India's asset turnover of last year was 0.52067235. ==> 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
=0+1+1+1+0+1+0+1+1
=6

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

Caprihans India has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Caprihans India (BOM:509486) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Caprihans India and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Caprihans India's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Caprihans India ranks #370 out of 1563 companies in the Chemicals industry, placing it in the top 23.7%.
Is Caprihans India's Piotroski F-Score too high?
Caprihans India's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Caprihans India's value of 6 is 20% above this industry median. Based on the distribution chart, Caprihans India ranks #370 out of 1563 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Caprihans India has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Caprihans India's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Caprihans India ranks #370 out of 1563 companies for Piotroski F-Score. This places Caprihans India in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Caprihans India's value of 6 is 20% above this benchmark. Historically, Caprihans India's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Caprihans India 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 1,563 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. Caprihans India's current Piotroski F-Score of 6 is 20% 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 Caprihans India 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. Caprihans India's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caprihans India stock overvalued right now?
Based on GuruFocus' analysis, Caprihans India (BOM:509486) is currently considered Possible Value Trap. The stock's GF Value™ is ₹123.61, compared to a current price of ₹78.50 — trading 36.5% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Chemicals industry median of 5.00. Caprihans India's overall GF Score™ is 56/100 with 4 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 Caprihans India (BOM:509486), the current Piotroski F-Score is 6 as of Jun. 29, 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 Caprihans India (BOM:509486) Overvalued in 2026?

Based on GuruFocus' analysis, Caprihans India stock appears to be undervalued. The current stock price of ₹78.50 is trading 36.5% below its estimated GF Value™ of ₹123.61. GuruFocus considers Caprihans India to be Possible Value Trap.

Key valuation signals for BOM:509486:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ₹123.61 vs. price of ₹78.50 (36.5% below fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 20% above the Chemicals median (#370 of 1563)

No single metric tells the full story. See the BOM:509486 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Caprihans India Business Description

Address 601 ICC Trade Tower, Pune, MH, IND, 411016
Caprihans India Ltd operates in the polyvinyl chloride (PVC) film industry. The company is engaged in the business of processing plastic polymers and manufacturing PVC films. In addition, it also produces PVDC-coated rigid PVC film and certain other plastic products through extrusion processes. Geographically, it derives a majority of its revenue from India.
56GF Score

Get the complete analysis for BOM:509486

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

₹78.50
Price
₹123.61
GF Value