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Hindusthan Urban Infrastructure (BOM:539984) Piotroski F-Score : 7 (As of Mar. 24, 2025)


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What is Hindusthan Urban Infrastructure Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Hindusthan Urban Infrastructure has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

BOM:539984' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Hindusthan Urban Infrastructure was 7. The lowest was 3. And the median was 5.


Hindusthan Urban Infrastructure Piotroski F-Score Historical Data

The historical data trend for Hindusthan Urban Infrastructure'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.

Hindusthan Urban Infrastructure Piotroski F-Score Chart

Hindusthan Urban Infrastructure 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 5.00 7.00 5.00 4.00 7.00

Hindusthan Urban Infrastructure 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 - 7.00 - - -

Competitive Comparison of Hindusthan Urban Infrastructure's Piotroski F-Score

For the Electrical Equipment & Parts subindustry, Hindusthan Urban Infrastructure'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.


Hindusthan Urban Infrastructure's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hindusthan Urban Infrastructure's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hindusthan Urban Infrastructure's Piotroski F-Score falls into.


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 ₹-222 Mil.
Cash Flow from Operations was ₹45 Mil.
Revenue was ₹5,176 Mil.
Gross Profit was ₹537 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (9100.853 + 9013.551) / 2 = ₹9057.202 Mil.
Total Assets at the begining of this year (Mar23) was ₹9,101 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,793 Mil.
Total Current Assets was ₹3,458 Mil.
Total Current Liabilities was ₹2,998 Mil.
Net Income was ₹-384 Mil.

Revenue was ₹5,772 Mil.
Gross Profit was ₹288 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (10328.432 + 9100.853) / 2 = ₹9714.6425 Mil.
Total Assets at the begining of last year (Mar22) was ₹10,328 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,097 Mil.
Total Current Assets was ₹3,046 Mil.
Total Current Liabilities was ₹3,280 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.

Hindusthan Urban Infrastructure's current Net Income (TTM) was -222. ==> 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.

Hindusthan Urban Infrastructure's current Cash Flow from Operations (TTM) was 45. ==> 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 (Mar23)
=-221.535/9100.853
=-0.02434222

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-383.623/10328.432
=-0.03714242

Hindusthan Urban Infrastructure's return on assets of this year was -0.02434222. Hindusthan Urban Infrastructure's return on assets of last year was -0.03714242. ==> 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.

Hindusthan Urban Infrastructure's current Net Income (TTM) was -222. Hindusthan Urban Infrastructure's current Cash Flow from Operations (TTM) was 45. ==> 45 > -222 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1793.108/9057.202
=0.19797593

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=1096.951/9714.6425
=0.11291728

Hindusthan Urban Infrastructure's gearing of this year was 0.19797593. Hindusthan Urban Infrastructure's gearing of last year was 0.11291728. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=3458.327/2997.805
=1.15361973

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=3046.327/3280.382
=0.92865008

Hindusthan Urban Infrastructure's current ratio of this year was 1.15361973. Hindusthan Urban Infrastructure's current ratio of last year was 0.92865008. ==> 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.

Hindusthan Urban Infrastructure's number of shares in issue this year was 1.443. Hindusthan Urban Infrastructure's number of shares in issue last year was 1.443. ==> 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
=536.968/5176.266
=0.10373655

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=288.069/5772.459
=0.04990404

Hindusthan Urban Infrastructure's gross margin of this year was 0.10373655. Hindusthan Urban Infrastructure's gross margin of last year was 0.04990404. ==> 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)
=5176.266/9100.853
=0.56876713

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=5772.459/10328.432
=0.55889016

Hindusthan Urban Infrastructure's asset turnover of this year was 0.56876713. Hindusthan Urban Infrastructure's asset turnover of last year was 0.55889016. ==> 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
=0+1+1+1+0+1+1+1+1
=7

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

Hindusthan Urban Infrastructure has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Hindusthan Urban Infrastructure  (BOM:539984) 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.


Hindusthan Urban Infrastructure Piotroski F-Score Related Terms

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Hindusthan Urban Infrastructure Business Description

Traded in Other Exchanges
N/A
Address
18, Barakhamba Road, 7th Floor, Kanchenjunga Building, New Delhi, IND, 110001
Hindusthan Urban Infrastructure Ltd is a manufacturer of overhead conductors and electro-porcelain high-tension insulators. The company's business segments are Conductor, Insulator, Real Estate, and Others. The Conductor segment includes electrical conductors and related items. The Insulator segment includes an electrical insulator and related items. The Real Estate segment includes the rental property at Faridabad. The Others segment is engaged in investment activities. The majority of the company's revenue is generated from the Insulator segment.

Hindusthan Urban Infrastructure Headlines

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