Piotroski F-Score of 2 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
Sri Amarnath Finance has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Sri Amarnath Finance's Piotroski F-Score or its related term are showing as below:
BOM:538863'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 2
During the past 13 years, the highest Piotroski F-Score of Sri Amarnath Finance was 8. The lowest was 2. And the median was 6.
Sri Amarnath Finance (BOM:538863) 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.
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.
Sri Amarnath Finance Piotroski F-Score Related Terms
Sri Amarnath Finance Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Sri Amarnath Finance'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.
Sri Amarnath Finance Piotroski F-Score Competitor Comparison
For the Capital Markets subindustry, Sri Amarnath Finance'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.
Sri Amarnath Finance Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Sri Amarnath Finance's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sri Amarnath Finance's Piotroski F-Score falls into.
* 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.
*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.
Sri Amarnath Finance's current Net Income (TTM) was 29.58.
==> 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.
Sri Amarnath Finance's current Cash Flow from Operations (TTM) was -30.48.
==> 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.
Sri Amarnath Finance's return on assets of this year was 0.03708682. Sri Amarnath Finance's return on assets of last year was 0.04173798.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Sri Amarnath Finance's gearing of this year was 0.00622357. Sri Amarnath Finance's gearing of last year was 0.03268783.
==> 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
Sri Amarnath Finance's current ratio of this year was . Sri Amarnath Finance's current ratio of last year was 150.05010512.
==> 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.
Sri Amarnath Finance's number of shares in issue this year was 9.993. Sri Amarnath Finance's number of shares in issue last year was 9.968.
==> 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.
Sri Amarnath Finance's gross margin of this year was 0.82325307. Sri Amarnath Finance's gross margin of last year was 0.8661666.
==> 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
Sri Amarnath Finance's asset turnover of this year was 0.07446704. Sri Amarnath Finance's asset turnover of last year was 0.07551348.
==> 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
+
0
+
0
+
0
+
0
=
2
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sri Amarnath Finance has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Sri Amarnath Finance (BOM:538863) has a Piotroski F-Score of 2 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sri Amarnath Finance and its competitors. This is 67% below median its historical median of 6.00. Over the past decade, Sri Amarnath Finance's Piotroski F-Score has ranged from 2.00 to 8.00.
Is Sri Amarnath Finance's Piotroski F-Score too high?
Sri Amarnath Finance's current Piotroski F-Score of 2 is 67% below 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 8.00. The Capital Markets industry median Piotroski F-Score is 5.00. Sri Amarnath Finance's value of 2 is 60% below this industry median. Overall, Sri Amarnath Finance has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Sri Amarnath Finance's Piotroski F-Score compare to competitors?
Sri Amarnath Finance's Piotroski F-Score of 2 can be compared against companies in the Capital Markets industry. The industry median Piotroski F-Score is 5.00. Sri Amarnath Finance's value of 2 is 60% below this benchmark. Historically, Sri Amarnath Finance's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Sri Amarnath Finance 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 782 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. Sri Amarnath Finance's current Piotroski F-Score of 2 is 60% 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 Sri Amarnath Finance and its competitors. For the Capital Markets 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. Sri Amarnath Finance's current Piotroski F-Score is 2, which is 67% 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 Sri Amarnath Finance stock overvalued right now?
Sri Amarnath Finance (BOM:538863) has a current Piotroski F-Score of 2. The stock's GF Value™ is ₹5.25, compared to a current price of ₹7.05 — trading 34.3% above its estimated fair value. The current Piotroski F-Score is 2, which is 67% below median its 10-year median of 6.00 and 60% below the Capital Markets industry median of 5.00. Sri Amarnath Finance's overall GF Score™ is 6/100 with 2 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 Sri Amarnath Finance (BOM:538863), the current Piotroski F-Score is 2 as of Jul. 08, 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 Sri Amarnath Finance (BOM:538863) Overvalued in 2026?
Based on GuruFocus' analysis, Sri Amarnath Finance stock appears to be overvalued.
The current stock price of ₹7.05 is trading 34.3% above its estimated GF Value™ of ₹5.25.
Key valuation signals for BOM:538863:
Piotroski F-Score: 2 (67% below median its 10-year median of 6.00)
GF Value™: ₹5.25 vs. price of ₹7.05 (34.3% above fair value)
Industry Position: 60% below the Capital Markets median
No single metric tells the full story. See the BOM:538863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sri Amarnath Finance Ltd is an India-based non-banking financial company. The company is engaged in the business of granting loans and making investments, and is engaged in buying, selling, and transfer of shares and securities of various companies in the capital markets. It also provides loans and advances to customers who are eligible as per the criteria for availing the services of the company. The business of the company falls within a single primary segment. The majority of revenue is generated from Interest Income.
6GF Score
Get the complete analysis for BOM:538863
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:538863 has been successfully added to your 
