PG Electroplast (BOM:533581) Piotroski F-Score: 3 (As of Jul. 05, 2026) — 50% Below Median


BOM:533581 PG Electroplast Ltd BOM:533581
89 GF Score
Price ₹562.40
GF Value ₹620.06
Valuation Fairly Valued
! 9 Warning Signs
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What is PG Electroplast Piotroski F-Score?

PG Electroplast BOM:533581 +0.30% 89 Piotroski F-Score is 3 as of Jul. 05, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates BOM:533581 with a GF Score™ of 89/100 and a GF Value™ of ₹620.06 (Fairly Valued). The stock has 9 warning signs investors should review. Among 2,427 Hardware companies, PG Electroplast ranks worse than 81.5% on this metric.

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

PG Electroplast 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 PG Electroplast's Piotroski F-Score or its related term are showing as below:

BOM:533581' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of PG Electroplast was 7. The lowest was 3. And the median was 6.

PG Electroplast  (BOM:533581) 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.


PG Electroplast Piotroski F-Score Related Terms


PG Electroplast Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for PG Electroplast'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.

PG Electroplast Piotroski F-Score Chart

PG Electroplast 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 6.00 7.00 6.00 3.00

PG Electroplast 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 3.00

BOM:533581 vs APH, GLW: Piotroski F-Score Comparison

For the Electronic Components subindustry, PG Electroplast'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.


PG Electroplast Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, PG Electroplast's Piotroski F-Score distribution charts can be found below:

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


BOM:533581
89GF Score
PG Electroplast Ltd BOM:533581
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 ₹1,966 Mil.
Cash Flow from Operations was ₹662 Mil.
Revenue was ₹52,880 Mil.
Gross Profit was ₹9,327 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (51208.123 + 59466.75) / 2 = ₹55337.4365 Mil.
Total Assets at the begining of this year (Mar25) was ₹51,208 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,111 Mil.
Total Current Assets was ₹37,939 Mil.
Total Current Liabilities was ₹25,945 Mil.
Net Income was ₹2,878 Mil.

Revenue was ₹48,695 Mil.
Gross Profit was ₹9,164 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (23079.855 + 51208.123) / 2 = ₹37143.989 Mil.
Total Assets at the begining of last year (Mar24) was ₹23,080 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,536 Mil.
Total Current Assets was ₹37,537 Mil.
Total Current Liabilities was ₹19,759 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.

PG Electroplast's current Net Income (TTM) was 1,966. ==> 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.

PG Electroplast's current Cash Flow from Operations (TTM) was 662. ==> 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)
=1965.669/51208.123
=0.03838588

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2877.963/23079.855
=0.12469589

PG Electroplast's return on assets of this year was 0.03838588. PG Electroplast's return on assets of last year was 0.12469589. ==> 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.

PG Electroplast's current Net Income (TTM) was 1,966. PG Electroplast's current Cash Flow from Operations (TTM) was 662. ==> 662 <= 1,966 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=2111.074/55337.4365
=0.03814911

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2536.083/37143.989
=0.06827708

PG Electroplast's gearing of this year was 0.03814911. PG Electroplast's gearing of last year was 0.06827708. ==> 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
=37939.385/25944.792
=1.46231217

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=37536.982/19758.665
=1.89977319

PG Electroplast's current ratio of this year was 1.46231217. PG Electroplast's current ratio of last year was 1.89977319. ==> Last year's current ratio is higher ==> Score 0.

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.

PG Electroplast's number of shares in issue this year was 284.467. PG Electroplast's number of shares in issue last year was 267.967. ==> 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
=9327.372/52880.219
=0.17638679

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9164.327/48695.317
=0.1881973

PG Electroplast's gross margin of this year was 0.17638679. PG Electroplast's gross margin of last year was 0.1881973. ==> 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 (Mar25)
=52880.219/51208.123
=1.03265294

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=48695.317/23079.855
=2.10986235

PG Electroplast's asset turnover of this year was 1.03265294. PG Electroplast's asset turnover of last year was 2.10986235. ==> 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+0+1+0+0+0+0
=3

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

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

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
PG Electroplast (BOM:533581) has a Piotroski F-Score of 3 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PG Electroplast and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, PG Electroplast's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, PG Electroplast ranks #1978 out of 2427 companies in the Hardware industry, placing it in the top 81.5%.
Is PG Electroplast's Piotroski F-Score too high?
PG Electroplast's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. PG Electroplast's value of 3 is 40% below this industry median. Based on the distribution chart, PG Electroplast ranks #1978 out of 2427 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, PG Electroplast has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PG Electroplast's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, PG Electroplast ranks #1978 out of 2427 companies for Piotroski F-Score. This places PG Electroplast in the lower half of its industry. The industry median Piotroski F-Score is 5.00. PG Electroplast's value of 3 is 40% below this benchmark. Historically, PG Electroplast's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, PG Electroplast has consistently been below 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,427 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. PG Electroplast's current Piotroski F-Score of 3 is 40% below 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 PG Electroplast and its competitors. For the Hardware 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. PG Electroplast's current Piotroski F-Score is 3, which is 50% below 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 PG Electroplast stock overvalued right now?
Based on GuruFocus' analysis, PG Electroplast (BOM:533581) is currently considered Fairly Valued. The stock's GF Value™ is ₹620.06, compared to a current price of ₹562.40 — trading 9.3% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Hardware industry median of 5.00. PG Electroplast's overall GF Score™ is 89/100 with 9 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 PG Electroplast (BOM:533581), the current Piotroski F-Score is 3 as of Jul. 05, 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 PG Electroplast (BOM:533581) Overvalued in 2026?

Based on GuruFocus' analysis, PG Electroplast stock appears to be undervalued. The current stock price of ₹562.40 is trading 9.3% below its estimated GF Value™ of ₹620.06. GuruFocus considers PG Electroplast to be Fairly Valued.

Key valuation signals for BOM:533581:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: ₹620.06 vs. price of ₹562.40 (9.3% below fair value)
  • GF Score™: 89/100 with 9 warning signs
  • Industry Position: 40% below the Hardware median (#1978 of 2427)

No single metric tells the full story. See the BOM:533581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PG Electroplast Business Description

Other Exchanges PGEL:India
Address P-4/2, 4/3, 4/4, 4/5, 4/6, Site-B, UPSIDC Industrial Area, Surajpur, District Gautam Budh Nagar, Greater Noida, UP, IND, 201306
PG Electroplast Ltd is an Electronic Manufacturing Services (EMS) provider for Original Equipment Manufacturers (OEMs) of consumer electronic products in India. The group manufactures and assemble a comprehensive range of consumer electronic components and finished products such as Kitchen Appliances, air conditioners (ACs) sub- assemblies, Air Cooler, Washing Machine, Mobile handsets, LED for third parties. The Group operates in one business segment Consumer Electronic Goods and Components. Geographically, it derives a majority of its revenue from India.
89GF Score

Get the complete analysis for BOM:533581

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

₹562.40
Price
₹620.06
GF Value