Shreyas Intermediates (BOM:526335) Piotroski F-Score: 6 (As of Jun. 29, 2026) — 100% Above Median


BOM:526335 Shreyas Intermediates Ltd BOM:526335
15 GF Score
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What is Shreyas Intermediates Piotroski F-Score?

Shreyas Intermediates BOM:526335 -1.98% 15 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 100% above its 10-year median of 3.00. GuruFocus rates BOM:526335 with a GF Score™ of 15/100. Among 1,563 Chemicals companies, Shreyas Intermediates 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

Shreyas Intermediates 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 Shreyas Intermediates's Piotroski F-Score or its related term are showing as below:

BOM:526335' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of Shreyas Intermediates was 6. The lowest was 2. And the median was 3.

Shreyas Intermediates  (BOM:526335) 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.


Shreyas Intermediates Piotroski F-Score Related Terms


Shreyas Intermediates Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shreyas Intermediates'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.

Shreyas Intermediates Piotroski F-Score Chart

Shreyas Intermediates 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 3.00 3.00 3.00 2.00 6.00

Shreyas Intermediates 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 2.00 0.00 0.00 0.00 6.00

BOM:526335 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Shreyas Intermediates'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.


Shreyas Intermediates Piotroski F-Score vs Chemicals Industry

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

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


BOM:526335
15GF Score
Shreyas Intermediates Ltd BOM:526335
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹-12.6 Mil.
Cash Flow from Operations was ₹5.3 Mil.
Revenue was ₹166.9 Mil.
Gross Profit was ₹0.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (266.05 + 249.5) / 2 = ₹257.775 Mil.
Total Assets at the begining of this year (Mar25) was ₹266.1 Mil.
Long-Term Debt & Capital Lease Obligation was ₹77.4 Mil.
Total Current Assets was ₹92.6 Mil.
Total Current Liabilities was ₹20.8 Mil.
Net Income was ₹-15.9 Mil.

Revenue was ₹0.0 Mil.
Gross Profit was ₹0.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (277.019 + 266.05) / 2 = ₹271.5345 Mil.
Total Assets at the begining of last year (Mar24) was ₹277.0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹77.4 Mil.
Total Current Assets was ₹92.2 Mil.
Total Current Liabilities was ₹24.8 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.

Shreyas Intermediates's current Net Income (TTM) was -12.6. ==> 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.

Shreyas Intermediates's current Cash Flow from Operations (TTM) was 5.3. ==> 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)
=-12.6/266.05
=-0.04735952

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-15.9/277.019
=-0.05739679

Shreyas Intermediates's return on assets of this year was -0.04735952. Shreyas Intermediates's return on assets of last year was -0.05739679. ==> 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.

Shreyas Intermediates's current Net Income (TTM) was -12.6. Shreyas Intermediates's current Cash Flow from Operations (TTM) was 5.3. ==> 5.3 > -12.6 ==> 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
=77.4/257.775
=0.30026186

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=77.374/271.5345
=0.2849509

Shreyas Intermediates's gearing of this year was 0.30026186. Shreyas Intermediates's gearing of last year was 0.2849509. ==> 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
=92.6/20.8
=4.45192308

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=92.211/24.771
=3.72253845

Shreyas Intermediates's current ratio of this year was 4.45192308. Shreyas Intermediates's current ratio of last year was 3.72253845. ==> 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.

Shreyas Intermediates's number of shares in issue this year was 70. Shreyas Intermediates's number of shares in issue last year was 72.273. ==> 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
=0.7/166.9
=0.00419413

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Shreyas Intermediates's gross margin of this year was 0.00419413. Shreyas Intermediates's gross margin of last year was . ==> 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)
=166.9/266.05
=0.62732569

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/277.019
=0

Shreyas Intermediates's asset turnover of this year was 0.62732569. Shreyas Intermediates's asset turnover of last year was 0. ==> 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+1+1+1
=7

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

Shreyas Intermediates 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 6 mean?
Shreyas Intermediates (BOM:526335) 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 Shreyas Intermediates and its competitors. This is 100% above median its historical median of 3.00. Over the past decade, Shreyas Intermediates' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Shreyas Intermediates ranks #370 out of 1563 companies in the Chemicals industry, placing it in the top 23.7%.
Is Shreyas Intermediates' Piotroski F-Score too high?
Shreyas Intermediates' current Piotroski F-Score of 6 is 100% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Chemicals industry median Piotroski F-Score is 5.00. Shreyas Intermediates' value of 6 is 20% above this industry median. Based on the distribution chart, Shreyas Intermediates ranks #370 out of 1563 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Shreyas Intermediates has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Shreyas Intermediates' Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shreyas Intermediates ranks #370 out of 1563 companies for Piotroski F-Score. This places Shreyas Intermediates in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Shreyas Intermediates' value of 6 is 20% above this benchmark. Historically, Shreyas Intermediates' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Shreyas Intermediates 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. Shreyas Intermediates'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 Shreyas Intermediates 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. Shreyas Intermediates's current Piotroski F-Score is 6, which is 100% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shreyas Intermediates stock overvalued right now?
Shreyas Intermediates (BOM:526335) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 100% above median its 10-year median of 3.00 and 20% above the Chemicals industry median of 5.00. Shreyas Intermediates' overall GF Score™ is 15/100. 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 Shreyas Intermediates (BOM:526335), 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.

Shreyas Intermediates Business Description

Address Plot No. D-21, D-22 and D-23, M.I.D.C. Industrial Estate, Lote Parshuram, Taluka Khed, Ratnagiri, MH, IND, 415722
Shreyas Intermediates Ltd is an India-based company. It is engaged in the business of manufacturing pigments and pigment intermediates.
15GF Score

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