DMR Engineering (BOM:543410) Piotroski F-Score: 4 (As of Jul. 07, 2026) — 20% Below Median


BOM:543410 DMR Engineering Ltd BOM:543410
84 GF Score
Price ₹32.00
GF Value ₹77.27
Valuation Significantly Undervalued
! 4 Warning Signs
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What is DMR Engineering Piotroski F-Score?

DMR Engineering BOM:543410 84 Piotroski F-Score is 4 as of Jul. 07, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates BOM:543410 with a GF Score™ of 84/100 and a GF Value™ of ₹77.27 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,733 Construction companies, DMR Engineering ranks worse than 65.26% 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

DMR Engineering 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 DMR Engineering's Piotroski F-Score or its related term are showing as below:

BOM:543410' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 5
Current: 4

During the past 8 years, the highest Piotroski F-Score of DMR Engineering was 5. The lowest was 3. And the median was 5.

DMR Engineering  (BOM:543410) 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.


DMR Engineering Piotroski F-Score Related Terms


DMR Engineering Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for DMR Engineering'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.

DMR Engineering Piotroski F-Score Chart

DMR Engineering Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 5.00 3.00 5.00 4.00 4.00

DMR Engineering Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 5.00 0.00 4.00 0.00 4.00

BOM:543410 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, DMR Engineering'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.


DMR Engineering Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, DMR Engineering's Piotroski F-Score distribution charts can be found below:

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


BOM:543410
84GF Score
DMR Engineering Ltd BOM:543410
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 ₹14.0 Mil.
Cash Flow from Operations was ₹4.6 Mil.
Revenue was ₹125.4 Mil.
Gross Profit was ₹125.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (155.505 + 162.249) / 2 = ₹158.877 Mil.
Total Assets at the begining of this year (Mar25) was ₹155.5 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Total Current Assets was ₹84.0 Mil.
Total Current Liabilities was ₹17.8 Mil.
Net Income was ₹18.4 Mil.

Revenue was ₹115.1 Mil.
Gross Profit was ₹115.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (94.248 + 155.505) / 2 = ₹124.8765 Mil.
Total Assets at the begining of last year (Mar24) was ₹94.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.1 Mil.
Total Current Assets was ₹95.5 Mil.
Total Current Liabilities was ₹27.5 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.

DMR Engineering's current Net Income (TTM) was 14.0. ==> 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.

DMR Engineering's current Cash Flow from Operations (TTM) was 4.6. ==> 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)
=13.987/155.505
=0.08994566

ROA (Last Year)=Net Income/Total Assets (Mar24)
=18.384/94.248
=0.19505984

DMR Engineering's return on assets of this year was 0.08994566. DMR Engineering's return on assets of last year was 0.19505984. ==> 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.

DMR Engineering's current Net Income (TTM) was 14.0. DMR Engineering's current Cash Flow from Operations (TTM) was 4.6. ==> 4.6 <= 14.0 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/158.877
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.106/124.8765
=0.00084884

DMR Engineering's gearing of this year was 0. DMR Engineering's gearing of last year was 0.00084884. ==> 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
=83.966/17.844
=4.70555929

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=95.451/27.474
=3.47423018

DMR Engineering's current ratio of this year was 4.70555929. DMR Engineering's current ratio of last year was 3.47423018. ==> 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.

DMR Engineering's number of shares in issue this year was 10.375. DMR Engineering's number of shares in issue last year was 10.233. ==> 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
=125.437/125.437
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=115.098/115.098
=1

DMR Engineering's gross margin of this year was 1. DMR Engineering's gross margin of last year was 1. ==> 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)
=125.437/155.505
=0.80664287

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=115.098/94.248
=1.22122485

DMR Engineering's asset turnover of this year was 0.80664287. DMR Engineering's asset turnover of last year was 1.22122485. ==> 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+1+0+0+1+1+0+0+0
=4

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

DMR Engineering has an F-score of 4 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 4 mean?
DMR Engineering (BOM:543410) has a Piotroski F-Score of 4 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on DMR Engineering and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, DMR Engineering's Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, DMR Engineering ranks #1131 out of 1733 companies in the Construction industry, placing it in the top 65.3%.
Is DMR Engineering's Piotroski F-Score too high?
DMR Engineering's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 5.00. The Construction industry median Piotroski F-Score is 5.00. DMR Engineering's value of 4 is 20% below this industry median. Based on the distribution chart, DMR Engineering ranks #1131 out of 1733 companies in the Construction industry, which is below the industry midpoint. Overall, DMR Engineering has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DMR Engineering's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, DMR Engineering ranks #1131 out of 1733 companies for Piotroski F-Score. This places DMR Engineering in the lower half of its industry. The industry median Piotroski F-Score is 5.00. DMR Engineering's value of 4 is 20% below this benchmark. Historically, DMR Engineering's own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, DMR Engineering 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,733 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. DMR Engineering's current Piotroski F-Score of 4 is 20% 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 DMR Engineering and its competitors. For the Construction 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. DMR Engineering's current Piotroski F-Score is 4, which is 20% 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 DMR Engineering stock overvalued right now?
Based on GuruFocus' analysis, DMR Engineering (BOM:543410) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹77.27, compared to a current price of ₹32.00 — trading 58.6% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Construction industry median of 5.00. DMR Engineering's overall GF Score™ is 84/100 with 4 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 DMR Engineering (BOM:543410), the current Piotroski F-Score is 4 as of Jul. 07, 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 DMR Engineering (BOM:543410) Overvalued in 2026?

Based on GuruFocus' analysis, DMR Engineering stock appears to be undervalued. The current stock price of ₹32.00 is trading 58.6% below its estimated GF Value™ of ₹77.27. GuruFocus considers DMR Engineering to be Significantly Undervalued.

Key valuation signals for BOM:543410:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: ₹77.27 vs. price of ₹32.00 (58.6% below fair value)
  • GF Score™: 84/100 with 4 warning signs
  • Industry Position: 20% below the Construction median (#1131 of 1733)

No single metric tells the full story. See the BOM:543410 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DMR Engineering Business Description

Address 473, Sector-30, Faridabad, HR, IND, 121003
DMR Engineering Ltd is engaged in providing engineering consultancy and due diligence services to hydropower, dams, roads, and railway tunnels. The services offered by the company include the entire life cycle of projects covering design and engineering, due diligence and regulatory, bid management and construction engineering, and quality and inspection. The company generates the majority of its revenue from India.
84GF Score

Get the complete analysis for BOM:543410

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

₹32.00
Price
₹77.27
GF Value