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Integra Essentia (BOM:535958) Piotroski F-Score : 5 (As of Apr. 17, 2025)


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What is Integra Essentia 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

Integra Essentia has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

BOM:535958' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Integra Essentia was 8. The lowest was 1. And the median was 3.


Integra Essentia Piotroski F-Score Historical Data

The historical data trend for Integra Essentia'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.

Integra Essentia Piotroski F-Score Chart

Integra Essentia 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 3.00 3.00 8.00 3.00 5.00

Integra Essentia 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 - 5.00 - - -

Competitive Comparison of Integra Essentia's Piotroski F-Score

For the Food Distribution subindustry, Integra Essentia'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.


Integra Essentia's Piotroski F-Score Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Integra Essentia's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Integra Essentia'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 ₹154 Mil.
Cash Flow from Operations was ₹-96 Mil.
Revenue was ₹2,773 Mil.
Gross Profit was ₹88 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (1609.661 + 2016.597) / 2 = ₹1813.129 Mil.
Total Assets at the begining of this year (Mar23) was ₹1,610 Mil.
Long-Term Debt & Capital Lease Obligation was ₹72 Mil.
Total Current Assets was ₹587 Mil.
Total Current Liabilities was ₹770 Mil.
Net Income was ₹67 Mil.

Revenue was ₹2,414 Mil.
Gross Profit was ₹58 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (168.83 + 1609.661) / 2 = ₹889.2455 Mil.
Total Assets at the begining of last year (Mar22) was ₹169 Mil.
Long-Term Debt & Capital Lease Obligation was ₹285 Mil.
Total Current Assets was ₹179 Mil.
Total Current Liabilities was ₹571 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.

Integra Essentia's current Net Income (TTM) was 154. ==> 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.

Integra Essentia's current Cash Flow from Operations (TTM) was -96. ==> 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)
=154.346/1609.661
=0.09588727

ROA (Last Year)=Net Income/Total Assets (Mar22)
=66.667/168.83
=0.3948765

Integra Essentia's return on assets of this year was 0.09588727. Integra Essentia's return on assets of last year was 0.3948765. ==> 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.

Integra Essentia's current Net Income (TTM) was 154. Integra Essentia's current Cash Flow from Operations (TTM) was -96. ==> -96 <= 154 ==> 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
=72.206/1813.129
=0.03982397

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=284.5/889.2455
=0.31993415

Integra Essentia's gearing of this year was 0.03982397. Integra Essentia's gearing of last year was 0.31993415. ==> 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
=587/770.098
=0.76224065

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=179.477/570.823
=0.31441795

Integra Essentia's current ratio of this year was 0.76224065. Integra Essentia's current ratio of last year was 0.31441795. ==> 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.

Integra Essentia's number of shares in issue this year was 565.971. Integra Essentia's number of shares in issue last year was 930.99. ==> 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
=88.142/2772.666
=0.03178962

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=57.974/2414.141
=0.02401434

Integra Essentia's gross margin of this year was 0.03178962. Integra Essentia's gross margin of last year was 0.02401434. ==> 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 (Mar23)
=2772.666/1609.661
=1.72251549

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=2414.141/168.83
=14.29924184

Integra Essentia's asset turnover of this year was 1.72251549. Integra Essentia's asset turnover of last year was 14.29924184. ==> 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+0+0+0+1+1+1+1+0
=5

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

Integra Essentia has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Integra Essentia  (BOM:535958) 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.


Integra Essentia Piotroski F-Score Related Terms

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Integra Essentia Business Description

Traded in Other Exchanges
Address
902, 9th Floor, Aggarwal Cyber Plaza-1, Netaji Subhash Place, New Delhi, IND, 110034
Integra Essentia Ltd is an apparel manufacturing company. The group's segments include Food (Agro Products), Clothing (Textiles and Garments), Infrastructure (Materials and Services for Construction and Infrastructure Development) and Energy (Materials, Products and Services for Renewable Energy Equipment and Projects). The company offers products such as woven tops, woven shirts for men, and a wide range of washes, embroidery, and panel prints.

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