Laxmipati Engineering Works (BOM:537669) Piotroski F-Score: 6 (As of Jul. 03, 2026) — Near Median


BOM:537669 Laxmipati Engineering Works Ltd BOM:537669
59 GF Score
Price ₹557.00
GF Value ₹318.15
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Laxmipati Engineering Works Piotroski F-Score?

Laxmipati Engineering Works BOM:537669 -0.06% 59 Piotroski F-Score is 6 as of Jul. 03, 2026, which is at its 10-year median of 6.00. GuruFocus rates BOM:537669 with a GF Score™ of 59/100 and a GF Value™ of ₹318.15 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 319 Aerospace & Defense companies, Laxmipati Engineering Works ranks better than 73.98% 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

Laxmipati Engineering Works 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 Laxmipati Engineering Works's Piotroski F-Score or its related term are showing as below:

BOM:537669' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Laxmipati Engineering Works was 8. The lowest was 3. And the median was 6.

Laxmipati Engineering Works  (BOM:537669) 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.


Laxmipati Engineering Works Piotroski F-Score Related Terms


Laxmipati Engineering Works Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Laxmipati Engineering Works'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.

Laxmipati Engineering Works Piotroski F-Score Chart

Laxmipati Engineering Works 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 3.00 8.00 7.00 6.00

Laxmipati Engineering Works Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 8.00 0.00 7.00 0.00 6.00

BOM:537669 vs SPCX, GE, RTX: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, Laxmipati Engineering Works'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.


Laxmipati Engineering Works Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Laxmipati Engineering Works's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Laxmipati Engineering Works's Piotroski F-Score falls into.


BOM:537669
59GF Score
Laxmipati Engineering Works Ltd BOM:537669
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 ₹270.4 Mil.
Cash Flow from Operations was ₹52.0 Mil.
Revenue was ₹719.9 Mil.
Gross Profit was ₹41.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (595.494 + 647.092) / 2 = ₹621.293 Mil.
Total Assets at the begining of this year (Mar25) was ₹595.5 Mil.
Long-Term Debt & Capital Lease Obligation was ₹76.7 Mil.
Total Current Assets was ₹339.0 Mil.
Total Current Liabilities was ₹190.1 Mil.
Net Income was ₹65.0 Mil.

Revenue was ₹500.9 Mil.
Gross Profit was ₹70.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (462.837 + 595.494) / 2 = ₹529.1655 Mil.
Total Assets at the begining of last year (Mar24) was ₹462.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₹395.9 Mil.
Total Current Assets was ₹242.2 Mil.
Total Current Liabilities was ₹104.2 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.

Laxmipati Engineering Works's current Net Income (TTM) was 270.4. ==> 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.

Laxmipati Engineering Works's current Cash Flow from Operations (TTM) was 52.0. ==> 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)
=270.359/595.494
=0.45400793

ROA (Last Year)=Net Income/Total Assets (Mar24)
=64.991/462.837
=0.14041877

Laxmipati Engineering Works's return on assets of this year was 0.45400793. Laxmipati Engineering Works's return on assets of last year was 0.14041877. ==> 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.

Laxmipati Engineering Works's current Net Income (TTM) was 270.4. Laxmipati Engineering Works's current Cash Flow from Operations (TTM) was 52.0. ==> 52.0 <= 270.4 ==> 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
=76.679/621.293
=0.12341842

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=395.88/529.1655
=0.74812133

Laxmipati Engineering Works's gearing of this year was 0.12341842. Laxmipati Engineering Works's gearing of last year was 0.74812133. ==> 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
=339.022/190.133
=1.78307816

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=242.158/104.207
=2.32381702

Laxmipati Engineering Works's current ratio of this year was 1.78307816. Laxmipati Engineering Works's current ratio of last year was 2.32381702. ==> 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.

Laxmipati Engineering Works's number of shares in issue this year was 5.752. Laxmipati Engineering Works's number of shares in issue last year was 5.752. ==> 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
=41.732/719.937
=0.05796618

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=69.977/500.929
=0.13969445

Laxmipati Engineering Works's gross margin of this year was 0.05796618. Laxmipati Engineering Works's gross margin of last year was 0.13969445. ==> 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)
=719.937/595.494
=1.2089744

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=500.929/462.837
=1.08230111

Laxmipati Engineering Works's asset turnover of this year was 1.2089744. Laxmipati Engineering Works's asset turnover of last year was 1.08230111. ==> 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+1+1+0+1+0+1+0+1
=6

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

Laxmipati Engineering Works 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?
Laxmipati Engineering Works (BOM:537669) has a Piotroski F-Score of 6 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Laxmipati Engineering Works and its competitors. This is near median its historical median of 6.00. Over the past decade, Laxmipati Engineering Works' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Laxmipati Engineering Works ranks #83 out of 319 companies in the Aerospace & Defense industry, placing it in the top 26%.
Is Laxmipati Engineering Works' Piotroski F-Score too high?
Laxmipati Engineering Works' 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 3.00 to a high of 8.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Laxmipati Engineering Works' value of 6 is 20% above this industry median. Based on the distribution chart, Laxmipati Engineering Works ranks #83 out of 319 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Laxmipati Engineering Works has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Laxmipati Engineering Works' Piotroski F-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Laxmipati Engineering Works ranks #83 out of 319 companies for Piotroski F-Score. This puts Laxmipati Engineering Works in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Laxmipati Engineering Works' value of 6 is 20% above this benchmark. Historically, Laxmipati Engineering Works' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Laxmipati Engineering Works 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 an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 319 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. Laxmipati Engineering Works'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 Laxmipati Engineering Works and its competitors. For the Aerospace & Defense 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. Laxmipati Engineering Works'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 Laxmipati Engineering Works stock overvalued right now?
Based on GuruFocus' analysis, Laxmipati Engineering Works (BOM:537669) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹318.15, compared to a current price of ₹557.00 — trading 75.1% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Aerospace & Defense industry median of 5.00. Laxmipati Engineering Works' overall GF Score™ is 59/100 with 3 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 Laxmipati Engineering Works (BOM:537669), the current Piotroski F-Score is 6 as of Jul. 03, 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 Laxmipati Engineering Works (BOM:537669) Overvalued in 2026?

Based on GuruFocus' analysis, Laxmipati Engineering Works stock appears to be overvalued. The current stock price of ₹557.00 is trading 75.1% above its estimated GF Value™ of ₹318.15. GuruFocus considers Laxmipati Engineering Works to be Significantly Overvalued.

Key valuation signals for BOM:537669:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ₹318.15 vs. price of ₹557.00 (75.1% above fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 20% above the Aerospace & Defense median (#83 of 319)

No single metric tells the full story. See the BOM:537669 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Laxmipati Engineering Works Business Description

Address Central Park Society, Office Block, 1st Floor, Plot No. 237/2 and 3, Sub Plot No. A/25, GIDC, Pandesara, Surat, GJ, IND, 394221
Laxmipati Engineering Works Ltd is engaged in the business of fabrication, heavy engineering, engineering infrastructure and services, and shut down maintenance projects. The company has two segments: Fabrication and Shipyard.
59GF Score

Get the complete analysis for BOM:537669

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

₹557.00
Price
₹318.15
GF Value