Kretto Syscon (BOM:531328) Piotroski F-Score: 6 (As of Jul. 04, 2026) — Near Median


BOM:531328 Kretto Syscon Ltd BOM:531328
26 GF Score
Price ₹0.59
! 4 Warning Signs
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What is Kretto Syscon Piotroski F-Score?

Kretto Syscon BOM:531328 26 Piotroski F-Score is 6 as of Jul. 04, 2026, which is at its 10-year median of 6.00. GuruFocus rates BOM:531328 with a GF Score™ of 26/100. The stock has 4 warning signs investors should review. Among 1,731 Construction companies, Kretto Syscon ranks better than 74.06% 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

Kretto Syscon 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 Kretto Syscon's Piotroski F-Score or its related term are showing as below:

BOM:531328' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Kretto Syscon was 7. The lowest was 2. And the median was 6.

Kretto Syscon  (BOM:531328) 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.


Kretto Syscon Piotroski F-Score Related Terms


Kretto Syscon Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kretto Syscon'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.

Kretto Syscon Piotroski F-Score Chart

Kretto Syscon 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 7.00 6.00 3.00 6.00 6.00

Kretto Syscon 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 6.00

Kretto Syscon Piotroski F-Score Competitor Comparison

For the Infrastructure Operations subindustry, Kretto Syscon'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.


Kretto Syscon Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Kretto Syscon's Piotroski F-Score distribution charts can be found below:

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


BOM:531328
26GF Score
Kretto Syscon Ltd BOM:531328
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 ₹20.18 Mil.
Cash Flow from Operations was ₹29.93 Mil.
Revenue was ₹58.99 Mil.
Gross Profit was ₹35.58 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (705.283 + 707.908) / 2 = ₹706.5955 Mil.
Total Assets at the begining of this year (Mar25) was ₹705.28 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3.53 Mil.
Total Current Assets was ₹65.37 Mil.
Total Current Liabilities was ₹8.37 Mil.
Net Income was ₹41.33 Mil.

Revenue was ₹116.94 Mil.
Gross Profit was ₹67.13 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (185.223 + 705.283) / 2 = ₹445.253 Mil.
Total Assets at the begining of last year (Mar24) was ₹185.22 Mil.
Long-Term Debt & Capital Lease Obligation was ₹10.10 Mil.
Total Current Assets was ₹118.59 Mil.
Total Current Liabilities was ₹16.43 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.

Kretto Syscon's current Net Income (TTM) was 20.18. ==> 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.

Kretto Syscon's current Cash Flow from Operations (TTM) was 29.93. ==> 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)
=20.177/705.283
=0.02860837

ROA (Last Year)=Net Income/Total Assets (Mar24)
=41.33/185.223
=0.22313644

Kretto Syscon's return on assets of this year was 0.02860837. Kretto Syscon's return on assets of last year was 0.22313644. ==> 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.

Kretto Syscon's current Net Income (TTM) was 20.18. Kretto Syscon's current Cash Flow from Operations (TTM) was 29.93. ==> 29.93 > 20.18 ==> 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
=3.53/706.5955
=0.00499579

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=10.1/445.253
=0.02268373

Kretto Syscon's gearing of this year was 0.00499579. Kretto Syscon's gearing of last year was 0.02268373. ==> 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
=65.369/8.373
=7.80711812

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=118.591/16.427
=7.21927315

Kretto Syscon's current ratio of this year was 7.80711812. Kretto Syscon's current ratio of last year was 7.21927315. ==> 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.

Kretto Syscon's number of shares in issue this year was 672.567. Kretto Syscon's number of shares in issue last year was 590.429. ==> 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
=35.578/58.989
=0.6031294

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=67.13/116.94
=0.57405507

Kretto Syscon's gross margin of this year was 0.6031294. Kretto Syscon's gross margin of last year was 0.57405507. ==> 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)
=58.989/705.283
=0.08363877

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=116.94/185.223
=0.63134708

Kretto Syscon's asset turnover of this year was 0.08363877. Kretto Syscon's asset turnover of last year was 0.63134708. ==> 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+0+1+0
=6

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

Kretto Syscon 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?
Kretto Syscon (BOM:531328) has a Piotroski F-Score of 6 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kretto Syscon and its competitors. This is near median its historical median of 6.00. Over the past decade, Kretto Syscon's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Kretto Syscon ranks #449 out of 1731 companies in the Construction industry, placing it in the top 25.9%.
Is Kretto Syscon's Piotroski F-Score too high?
Kretto Syscon's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Kretto Syscon's value of 6 is 20% above this industry median. Based on the distribution chart, Kretto Syscon ranks #449 out of 1731 companies in the Construction industry, which is above the industry midpoint. Overall, Kretto Syscon has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Kretto Syscon's Piotroski F-Score compare to competitors?
According to the Construction industry distribution chart, Kretto Syscon ranks #449 out of 1731 companies for Piotroski F-Score. This puts Kretto Syscon in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Kretto Syscon's value of 6 is 20% above this benchmark. Historically, Kretto Syscon's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kretto Syscon 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,731 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. Kretto Syscon'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 Kretto Syscon and its competitors. For the Construction 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. Kretto Syscon's current Piotroski F-Score is 6, which is near 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 Kretto Syscon stock overvalued right now?
Kretto Syscon (BOM:531328) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Construction industry median of 5.00. Kretto Syscon's overall GF Score™ is 26/100 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 Kretto Syscon (BOM:531328), the current Piotroski F-Score is 6 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.

Kretto Syscon Business Description

Address S.G. Highway, Iscon Temple Cross Road, A-401, Sankalp Iconic, Opposite Vikram Nagar, Ahmedabad, GJ, IND, 380054
Kretto Syscon Ltd is an India-based company. The Company is engaged in the business of software designing, customization, developing, and dealing in computer software and solutions. The company operates the following businesses: Application Development, Software and IT Solutions, and Real Estate Development.
26GF Score

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

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