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Antony Waste Handling Cell (BOM:543254) Piotroski F-Score : 4 (As of Apr. 09, 2025)


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What is Antony Waste Handling Cell Piotroski F-Score?

The zones of discrimination were as such:

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

Antony Waste Handling Cell has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Antony Waste Handling Cell's Piotroski F-Score or its related term are showing as below:

BOM:543254' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 7
Current: 4

During the past 8 years, the highest Piotroski F-Score of Antony Waste Handling Cell was 7. The lowest was 2. And the median was 3.


Antony Waste Handling Cell Piotroski F-Score Historical Data

The historical data trend for Antony Waste Handling Cell'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.

Antony Waste Handling Cell Piotroski F-Score Chart

Antony Waste Handling Cell Annual Data
Trend Mar16 Mar17 Mar18 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 3.00 2.00 2.00

Antony Waste Handling Cell 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 2.00 2.00 3.00 4.00 4.00

Competitive Comparison of Antony Waste Handling Cell's Piotroski F-Score

For the Waste Management subindustry, Antony Waste Handling Cell'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.


Antony Waste Handling Cell's Piotroski F-Score Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Antony Waste Handling Cell's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Antony Waste Handling Cell's Piotroski F-Score falls into.


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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 275.018 + 175.074 + 120.859 + 157.628 = ₹729 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0 Mil.
Revenue was 2013.301 + 2269.719 + 2212.412 + 2427.355 = ₹8,923 Mil.
Gross Profit was 1983.66 + 2153.51 + 2153.39 + 2369.98 = ₹8,661 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(13727.038 + 0 + 14619.957 + 0 + 14978.02) / 5 = ₹14441.67166667 Mil.
Total Assets at the begining of this year (Dec23) was ₹13,727 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3,013 Mil.
Total Current Assets was ₹4,153 Mil.
Total Current Liabilities was ₹3,371 Mil.
Net Income was 95.634 + 182.689 + 276.339 + 128.035 = ₹683 Mil.

Revenue was 1982.354 + 2213.014 + 2242.59 + 2171.522 = ₹8,609 Mil.
Gross Profit was 1789.995 + 2010.081 + 2127.204 + 2121.613 = ₹8,049 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(11708.769 + 0 + 12584.082 + 0 + 13727.038) / 5 = ₹12673.29633333 Mil.
Total Assets at the begining of last year (Dec22) was ₹11,709 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3,009 Mil.
Total Current Assets was ₹3,575 Mil.
Total Current Liabilities was ₹2,994 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.

Antony Waste Handling Cell's current Net Income (TTM) was 729. ==> 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.

Antony Waste Handling Cell's current Cash Flow from Operations (TTM) was 0. ==> 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 (Dec23)
=728.579/13727.038
=0.0530762

ROA (Last Year)=Net Income/Total Assets (Dec22)
=682.697/11708.769
=0.05830647

Antony Waste Handling Cell's return on assets of this year was 0.0530762. Antony Waste Handling Cell's return on assets of last year was 0.05830647. ==> 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.

Antony Waste Handling Cell's current Net Income (TTM) was 729. Antony Waste Handling Cell's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 729 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=3012.75/14441.67166667
=0.20861505

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=3008.809/12673.29633333
=0.23741329

Antony Waste Handling Cell's gearing of this year was 0.20861505. Antony Waste Handling Cell's gearing of last year was 0.23741329. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=4153.405/3371.479
=1.23192373

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=3575.08/2993.732
=1.19418839

Antony Waste Handling Cell's current ratio of this year was 1.23192373. Antony Waste Handling Cell's current ratio of last year was 1.19418839. ==> 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.

Antony Waste Handling Cell's number of shares in issue this year was 28.401. Antony Waste Handling Cell's number of shares in issue last year was 28.326. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=8660.54/8922.787
=0.9706093

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8048.893/8609.48
=0.93488724

Antony Waste Handling Cell's gross margin of this year was 0.9706093. Antony Waste Handling Cell's gross margin of last year was 0.93488724. ==> 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 (Dec23)
=8922.787/13727.038
=0.65001547

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=8609.48/11708.769
=0.73530189

Antony Waste Handling Cell's asset turnover of this year was 0.65001547. Antony Waste Handling Cell's asset turnover of last year was 0.73530189. ==> 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+1+0+1+0
=4

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

Antony Waste Handling Cell has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Antony Waste Handling Cell  (BOM:543254) 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.


Antony Waste Handling Cell Piotroski F-Score Related Terms

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Antony Waste Handling Cell Business Description

Traded in Other Exchanges
Address
A-59, Road No. 10, Wagle Industrial Estate, Thane (West), Thane, MH, IND, 400604
Antony Waste Handling Cell Ltd provides a wide range of municipal solid waste services, including solid waste collection, transportation, processing, and disposal across India. The company offers waste collection and transportation, mechanized and non-mechanized sweeping, waste processing and treatment, waste-to-energy solutions, and construction and demolition waste management. The firm carries out projects for various Indian municipalities, such as the Brihanmumbai Municipal Corporation, Greater Noida Industrial Development Authority (GNIDA), Jhansi Municipal Corporation, Nagpur Municipal Corporation, Nashik Municipal Corporation, Navi Mumbai Municipal Corporation, Panvel Municipal Corporation, and the Municipal Corporation of Delhi. All of the company's operations are based in India.

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