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Prerna Infrabuild (BOM:531802) Piotroski F-Score : 4 (As of Mar. 30, 2025)


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What is Prerna Infrabuild Piotroski F-Score?

The zones of discrimination were as such:

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

Prerna Infrabuild has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

BOM:531802' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Prerna Infrabuild was 7. The lowest was 1. And the median was 4.


Prerna Infrabuild Piotroski F-Score Historical Data

The historical data trend for Prerna Infrabuild'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.

Prerna Infrabuild Piotroski F-Score Chart

Prerna Infrabuild 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 4.00 7.00 4.00 4.00

Prerna Infrabuild 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 - 4.00 - - -

Competitive Comparison of Prerna Infrabuild's Piotroski F-Score

For the Real Estate - Development subindustry, Prerna Infrabuild'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.


Prerna Infrabuild's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Prerna Infrabuild's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Prerna Infrabuild'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 ₹53.9 Mil.
Cash Flow from Operations was ₹-127.0 Mil.
Revenue was ₹453.5 Mil.
Gross Profit was ₹102.4 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (859.95 + 1385.266) / 2 = ₹1122.608 Mil.
Total Assets at the begining of this year (Mar23) was ₹860.0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹247.5 Mil.
Total Current Assets was ₹1,176.5 Mil.
Total Current Liabilities was ₹123.6 Mil.
Net Income was ₹97.7 Mil.

Revenue was ₹181.4 Mil.
Gross Profit was ₹142.6 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (434.161 + 859.95) / 2 = ₹647.0555 Mil.
Total Assets at the begining of last year (Mar22) was ₹434.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹191.0 Mil.
Total Current Assets was ₹667.9 Mil.
Total Current Liabilities was ₹196.8 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.

Prerna Infrabuild's current Net Income (TTM) was 53.9. ==> 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.

Prerna Infrabuild's current Cash Flow from Operations (TTM) was -127.0. ==> 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)
=53.924/859.95
=0.06270597

ROA (Last Year)=Net Income/Total Assets (Mar22)
=97.724/434.161
=0.22508701

Prerna Infrabuild's return on assets of this year was 0.06270597. Prerna Infrabuild's return on assets of last year was 0.22508701. ==> 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.

Prerna Infrabuild's current Net Income (TTM) was 53.9. Prerna Infrabuild's current Cash Flow from Operations (TTM) was -127.0. ==> -127.0 <= 53.9 ==> 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
=247.501/1122.608
=0.22046966

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=190.981/647.0555
=0.29515397

Prerna Infrabuild's gearing of this year was 0.22046966. Prerna Infrabuild's gearing of last year was 0.29515397. ==> 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
=1176.486/123.566
=9.52111422

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=667.885/196.832
=3.39317286

Prerna Infrabuild's current ratio of this year was 9.52111422. Prerna Infrabuild's current ratio of last year was 3.39317286. ==> 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.

Prerna Infrabuild's number of shares in issue this year was 37.447. Prerna Infrabuild's number of shares in issue last year was 17.269. ==> 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
=102.383/453.507
=0.22575837

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=142.611/181.396
=0.78618602

Prerna Infrabuild's gross margin of this year was 0.22575837. Prerna Infrabuild's gross margin of last year was 0.78618602. ==> 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)
=453.507/859.95
=0.52736438

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=181.396/434.161
=0.41780814

Prerna Infrabuild's asset turnover of this year was 0.52736438. Prerna Infrabuild's asset turnover of last year was 0.41780814. ==> 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
=1+0+0+0+1+1+0+0+1
=4

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

Prerna Infrabuild has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Prerna Infrabuild  (BOM:531802) 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.


Prerna Infrabuild Piotroski F-Score Related Terms

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Prerna Infrabuild Business Description

Traded in Other Exchanges
N/A
Address
In Lane of Panchvati Auto, S.G. Highway, ‘PRERNA’, Survey Number 820/1, Opposite to Honest restaurant, Circle P Building, Prahladnagar, Ahmedabad, GJ, IND, 380058
Prerna Infrabuild Ltd is an India-based company. The company is engaged in the business of developing residential buildings. The company has its business interests in commercial and residential real estate projects. It has developed various projects, across multiple states from India. The majority of its revenue is earned from the Indian market. The company has only one reportable segment namely Real Estate and development in residential and commercial property.

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