Virat Leasing (BOM:539167) Piotroski F-Score: 2 (As of Jul. 04, 2026) — 60% Below Median


BOM:539167 Virat Leasing Ltd BOM:539167
50 GF Score
Price ₹56.35
GF Value ₹40.74
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Virat Leasing Piotroski F-Score?

Virat Leasing BOM:539167 50 Piotroski F-Score is 2 as of Jul. 04, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates BOM:539167 with a GF Score™ of 50/100 and a GF Value™ of ₹40.74 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 786 Capital Markets companies, Virat Leasing ranks worse than 90.84% on this metric.

Warning Sign:

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

Virat Leasing 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 Virat Leasing's Piotroski F-Score or its related term are showing as below:

BOM:539167' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 2

During the past 12 years, the highest Piotroski F-Score of Virat Leasing was 8. The lowest was 2. And the median was 5.

Virat Leasing  (BOM:539167) 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.


Virat Leasing Piotroski F-Score Related Terms


Virat Leasing Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Virat Leasing'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.

Virat Leasing Piotroski F-Score Chart

Virat Leasing 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 3.00 4.00 5.00 6.00 2.00

Virat Leasing 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 2.00

BOM:539167 vs MS, GS, SCHW: Piotroski F-Score Comparison

For the Capital Markets subindustry, Virat Leasing'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.


Virat Leasing Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Virat Leasing's Piotroski F-Score distribution charts can be found below:

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


BOM:539167
50GF Score
Virat Leasing Ltd BOM:539167
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 ₹-7.29 Mil.
Cash Flow from Operations was ₹-3.44 Mil.
Revenue was ₹8.50 Mil.
Gross Profit was ₹6.59 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (162.765 + 166.264) / 2 = ₹164.5145 Mil.
Total Assets at the begining of this year (Mar25) was ₹162.77 Mil.
Long-Term Debt & Capital Lease Obligation was ₹13.85 Mil.
Total Current Assets was ₹103.85 Mil.
Total Current Liabilities was ₹0.00 Mil.
Net Income was ₹-3.02 Mil.

Revenue was ₹9.29 Mil.
Gross Profit was ₹7.53 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (164.92 + 162.765) / 2 = ₹163.8425 Mil.
Total Assets at the begining of last year (Mar24) was ₹164.92 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Total Current Assets was ₹147.81 Mil.
Total Current Liabilities was ₹8.60 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.

Virat Leasing's current Net Income (TTM) was -7.29. ==> Negative ==> Score 0.

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.

Virat Leasing's current Cash Flow from Operations (TTM) was -3.44. ==> 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 (Mar25)
=-7.294/162.765
=-0.04481307

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-3.017/164.92
=-0.01829372

Virat Leasing's return on assets of this year was -0.04481307. Virat Leasing's return on assets of last year was -0.01829372. ==> 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.

Virat Leasing's current Net Income (TTM) was -7.29. Virat Leasing's current Cash Flow from Operations (TTM) was -3.44. ==> -3.44 > -7.29 ==> CFROA > ROA ==> Score 1.

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
=13.851/164.5145
=0.08419319

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/163.8425
=0

Virat Leasing's gearing of this year was 0.08419319. Virat Leasing's gearing of last year was 0. ==> Last year is lower than this year ==> Score 0.

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
=103.848/0
=

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=147.805/8.604
=17.17863784

Virat Leasing's current ratio of this year was . Virat Leasing's current ratio of last year was 17.17863784. ==> 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.

Virat Leasing's number of shares in issue this year was 25.961. Virat Leasing's number of shares in issue last year was 25.961. ==> 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
=6.592/8.498
=0.77571193

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7.526/9.289
=0.81020562

Virat Leasing's gross margin of this year was 0.77571193. Virat Leasing's gross margin of last year was 0.81020562. ==> 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)
=8.498/162.765
=0.05221024

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=9.289/164.92
=0.05632428

Virat Leasing's asset turnover of this year was 0.05221024. Virat Leasing's asset turnover of last year was 0.05632428. ==> 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
=0+0+0+1+0+0+1+0+0
=2

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

Virat Leasing has an F-score of 2. 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 2 mean?
Virat Leasing (BOM:539167) has a Piotroski F-Score of 2 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Virat Leasing and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Virat Leasing's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Virat Leasing ranks #714 out of 786 companies in the Capital Markets industry, placing it in the top 90.8%.
Is Virat Leasing's Piotroski F-Score too high?
Virat Leasing's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. 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. Virat Leasing's value of 2 is 60% below this industry median. Based on the distribution chart, Virat Leasing ranks #714 out of 786 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Virat Leasing has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Virat Leasing's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Virat Leasing ranks #714 out of 786 companies for Piotroski F-Score. This places Virat Leasing in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Virat Leasing's value of 2 is 60% below this benchmark. Historically, Virat Leasing'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 5.00 vs. the industry median of 5.00, Virat Leasing 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 786 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. Virat Leasing'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 Virat Leasing 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. Virat Leasing's current Piotroski F-Score is 2, which is 60% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virat Leasing stock overvalued right now?
Based on GuruFocus' analysis, Virat Leasing (BOM:539167) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹40.74, compared to a current price of ₹56.35 — trading 38.3% above its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Capital Markets industry median of 5.00. Virat Leasing's overall GF Score™ is 50/100 with 7 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 Virat Leasing (BOM:539167), the current Piotroski F-Score is 2 as of Jul. 04, 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 Virat Leasing (BOM:539167) Overvalued in 2026?

Based on GuruFocus' analysis, Virat Leasing stock appears to be overvalued. The current stock price of ₹56.35 is trading 38.3% above its estimated GF Value™ of ₹40.74. GuruFocus considers Virat Leasing to be Significantly Overvalued.

Key valuation signals for BOM:539167:

  • Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
  • GF Value™: ₹40.74 vs. price of ₹56.35 (38.3% above fair value)
  • GF Score™: 50/100 with 7 warning signs
  • Industry Position: 60% below the Capital Markets median (#714 of 786)

No single metric tells the full story. See the BOM:539167 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Virat Leasing Business Description

Address Bentinck Street, 3, Jajodia Tower, 4th Floor, Room No. D-8, Kolkata, WB, IND, 700001
Virat Leasing Ltd is an Indian non-banking financial company providing financial services. It offers margin funding and loans against securities, invests in and trades shares and securities, and offers shares to individuals and corporate entities. The company generates revenue from interest on loans. It operates in a single segment, Financing and Investment Activities.
50GF Score

Get the complete analysis for BOM:539167

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

₹56.35
Price
₹40.74
GF Value