ANG Lifesciences India (BOM:540694) Piotroski F-Score: 6 (As of Jul. 16, 2026) — Near Median

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BOM:540694 ANG Lifesciences India Ltd BOM:540694
63 GF Score
Price ₹34.01
GF Value ₹30.63
Valuation Modestly Overvalued
! 3 Warning Signs
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What is ANG Lifesciences India Piotroski F-Score?

ANG Lifesciences India BOM:540694 +3.47% 63 Piotroski F-Score is 6 as of Jul. 16, 2026, which is at its 10-year median of 6.00. GuruFocus rates BOM:540694 with a GF Score™ of 63/100 and a GF Value™ of ₹30.63 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 979 Drug Manufacturers companies, ANG Lifesciences India ranks better than 78.75% 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

ANG Lifesciences India 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 ANG Lifesciences India's Piotroski F-Score or its related term are showing as below:

BOM:540694' 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 ANG Lifesciences India was 8. The lowest was 3. And the median was 6.

ANG Lifesciences India  (BOM:540694) 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.


ANG Lifesciences India Piotroski F-Score Related Terms


ANG Lifesciences India Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ANG Lifesciences India'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.

ANG Lifesciences India Piotroski F-Score Chart

ANG Lifesciences India 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 6.00 3.00 5.00 3.00 6.00

ANG Lifesciences India 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 3.00 0.00 0.00 0.00 6.00

BOM:540694 vs ZTS, UTHR: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, ANG Lifesciences India'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.


ANG Lifesciences India Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, ANG Lifesciences India's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where ANG Lifesciences India's Piotroski F-Score falls into.


BOM:540694
63GF Score
ANG Lifesciences India Ltd BOM:540694
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 ₹-110.8 Mil.
Cash Flow from Operations was ₹110.3 Mil.
Revenue was ₹928.9 Mil.
Gross Profit was ₹323.5 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (2295.939 + 2089.488) / 2 = ₹2192.7135 Mil.
Total Assets at the begining of this year (Mar25) was ₹2,295.9 Mil.
Long-Term Debt & Capital Lease Obligation was ₹56.1 Mil.
Total Current Assets was ₹1,493.5 Mil.
Total Current Liabilities was ₹1,490.4 Mil.
Net Income was ₹-124.1 Mil.

Revenue was ₹928.5 Mil.
Gross Profit was ₹332.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2424.37 + 2295.939) / 2 = ₹2360.1545 Mil.
Total Assets at the begining of last year (Mar24) was ₹2,424.4 Mil.
Long-Term Debt & Capital Lease Obligation was ₹207.3 Mil.
Total Current Assets was ₹1,653.4 Mil.
Total Current Liabilities was ₹1,434.4 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.

ANG Lifesciences India's current Net Income (TTM) was -110.8. ==> 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.

ANG Lifesciences India's current Cash Flow from Operations (TTM) was 110.3. ==> 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)
=-110.848/2295.939
=-0.04828003

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-124.133/2424.37
=-0.05120217

ANG Lifesciences India's return on assets of this year was -0.04828003. ANG Lifesciences India's return on assets of last year was -0.05120217. ==> 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.

ANG Lifesciences India's current Net Income (TTM) was -110.8. ANG Lifesciences India's current Cash Flow from Operations (TTM) was 110.3. ==> 110.3 > -110.8 ==> 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
=56.148/2192.7135
=0.02560663

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=207.303/2360.1545
=0.0878345

ANG Lifesciences India's gearing of this year was 0.02560663. ANG Lifesciences India's gearing of last year was 0.0878345. ==> 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
=1493.54/1490.368
=1.00212833

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1653.397/1434.364
=1.15270392

ANG Lifesciences India's current ratio of this year was 1.00212833. ANG Lifesciences India's current ratio of last year was 1.15270392. ==> 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.

ANG Lifesciences India's number of shares in issue this year was 13.058. ANG Lifesciences India's number of shares in issue last year was 13.058. ==> 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
=323.523/928.928
=0.34827565

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=332.239/928.466
=0.35783647

ANG Lifesciences India's gross margin of this year was 0.34827565. ANG Lifesciences India's gross margin of last year was 0.35783647. ==> 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)
=928.928/2295.939
=0.40459612

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=928.466/2424.37
=0.38297207

ANG Lifesciences India's asset turnover of this year was 0.40459612. ANG Lifesciences India's asset turnover of last year was 0.38297207. ==> 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+1+0+1+0+1
=6

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

ANG Lifesciences India 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?
ANG Lifesciences India (BOM:540694) has a Piotroski F-Score of 6 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ANG Lifesciences India and its competitors. This is near median its historical median of 6.00. Over the past decade, ANG Lifesciences India's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, ANG Lifesciences India ranks #208 out of 979 companies in the Drug Manufacturers industry, placing it in the top 21.2%.
Is ANG Lifesciences India's Piotroski F-Score too high?
ANG Lifesciences India's 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 Drug Manufacturers industry median Piotroski F-Score is 5.00. ANG Lifesciences India's value of 6 is 20% above this industry median. Based on the distribution chart, ANG Lifesciences India ranks #208 out of 979 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, ANG Lifesciences India has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ANG Lifesciences India's Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, ANG Lifesciences India ranks #208 out of 979 companies for Piotroski F-Score. This places ANG Lifesciences India in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. ANG Lifesciences India's value of 6 is 20% above this benchmark. Historically, ANG Lifesciences India's 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, ANG Lifesciences India 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 a Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 979 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. ANG Lifesciences India'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 ANG Lifesciences India and its competitors. For the Drug Manufacturers 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. ANG Lifesciences India'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 ANG Lifesciences India stock overvalued right now?
Based on GuruFocus' analysis, ANG Lifesciences India (BOM:540694) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹30.63, compared to a current price of ₹34.01 — trading 11% 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 Drug Manufacturers industry median of 5.00. ANG Lifesciences India's overall GF Score™ is 63/100 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 ANG Lifesciences India (BOM:540694), the current Piotroski F-Score is 6 as of Jul. 16, 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 ANG Lifesciences India (BOM:540694) Overvalued in 2026?

Based on GuruFocus' analysis, ANG Lifesciences India stock appears to be overvalued. The current stock price of ₹34.01 is trading 11% above its estimated GF Value™ of ₹30.63. GuruFocus considers ANG Lifesciences India to be Modestly Overvalued.

Key valuation signals for BOM:540694:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ₹30.63 vs. price of ₹34.01 (11% above fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 20% above the Drug Manufacturers median (#208 of 979)

No single metric tells the full story. See the BOM:540694 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ANG Lifesciences India Business Description

Address Ranjit Avenue, B-Block, Darbara Complex, SCO 113, First Floor, District Shopping Complex, Amritsar, PB, IND, 143001
ANG Lifesciences India Ltd is engaged in the business of manufacturing and sales of finished pharmaceutical formulations in a dosage form of sterile dry powder injection vials, liquid injection vials, ampoules, PFS, hard gelatin capsules, soft gelatin capsules, dry syrups, liquid syrups and suspension, lotions, etc. Its product portfolio comprises various therapeutic categories such as antibiotics, antivirals, antimalarial, antiulcer, carbapenem, corticosteroid, penicillin, beta-lactamase inhibitor, etc. Through its subsidiary, it is also involved in the business of printing and packing solutions. The group's reportable segments are Pharmaceuticals, which derive maximum revenue, and Packaging and printing. Geographically, it derives maximum revenue from India.
63GF Score

Get the complete analysis for BOM:540694

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

₹34.01
Price
₹30.63
GF Value