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CMS Info Systems (BOM:543441) Piotroski F-Score : 6 (As of Mar. 14, 2025)


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What is CMS Info Systems 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

CMS Info Systems 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 CMS Info Systems's Piotroski F-Score or its related term are showing as below:

BOM:543441' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 6

During the past 6 years, the highest Piotroski F-Score of CMS Info Systems was 8. The lowest was 4. And the median was 7.


CMS Info Systems Piotroski F-Score Historical Data

The historical data trend for CMS Info Systems'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.

CMS Info Systems Piotroski F-Score Chart

CMS Info Systems Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial N/A 4.00 7.00 8.00 6.00

CMS Info Systems Quarterly Data
Mar19 Mar20 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 - 6.00 - - -

Competitive Comparison of CMS Info Systems's Piotroski F-Score

For the Specialty Business Services subindustry, CMS Info Systems'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.


CMS Info Systems's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CMS Info Systems's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where CMS Info Systems'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 ₹3,471 Mil.
Cash Flow from Operations was ₹4,399 Mil.
Revenue was ₹22,647 Mil.
Gross Profit was ₹19,815 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (21012.26 + 26585.24) / 2 = ₹23798.75 Mil.
Total Assets at the begining of this year (Mar23) was ₹21,012 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,281 Mil.
Total Current Assets was ₹16,181 Mil.
Total Current Liabilities was ₹5,516 Mil.
Net Income was ₹2,972 Mil.

Revenue was ₹19,147 Mil.
Gross Profit was ₹17,533 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (18556.96 + 21012.26) / 2 = ₹19784.61 Mil.
Total Assets at the begining of last year (Mar22) was ₹18,557 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,528 Mil.
Total Current Assets was ₹10,782 Mil.
Total Current Liabilities was ₹3,642 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.

CMS Info Systems's current Net Income (TTM) was 3,471. ==> 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.

CMS Info Systems's current Cash Flow from Operations (TTM) was 4,399. ==> 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)
=3471.41/21012.26
=0.16520879

ROA (Last Year)=Net Income/Total Assets (Mar22)
=2972.36/18556.96
=0.16017494

CMS Info Systems's return on assets of this year was 0.16520879. CMS Info Systems's return on assets of last year was 0.16017494. ==> 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.

CMS Info Systems's current Net Income (TTM) was 3,471. CMS Info Systems's current Cash Flow from Operations (TTM) was 4,399. ==> 4,399 > 3,471 ==> 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
=1281.14/23798.75
=0.05383224

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=1528.03/19784.61
=0.07723326

CMS Info Systems's gearing of this year was 0.05383224. CMS Info Systems's gearing of last year was 0.07723326. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=16181.26/5515.7
=2.93367297

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=10782.2/3642.42
=2.96017483

CMS Info Systems's current ratio of this year was 2.93367297. CMS Info Systems's current ratio of last year was 2.96017483. ==> 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.

CMS Info Systems's number of shares in issue this year was 162.323. CMS Info Systems's number of shares in issue last year was 159.223. ==> 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
=19815.46/22646.77
=0.87497952

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=17532.56/19147.3
=0.91566748

CMS Info Systems's gross margin of this year was 0.87497952. CMS Info Systems's gross margin of last year was 0.91566748. ==> 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 (Mar23)
=22646.77/21012.26
=1.0777884

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=19147.3/18556.96
=1.03181232

CMS Info Systems's asset turnover of this year was 1.0777884. CMS Info Systems's asset turnover of last year was 1.03181232. ==> 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
=1+1+1+1+1+0+0+0+1
=6

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

CMS Info Systems has an F-score of 6 indicating the company's financial situation is typical for a stable company.

CMS Info Systems  (BOM:543441) 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.


CMS Info Systems Piotroski F-Score Related Terms

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CMS Info Systems Business Description

Traded in Other Exchanges
Address
Off Western Express Highway, Grand Hyatt Mumbai, Lobby level, Santacruz East, Mumbai, MH, IND, 400055
CMS Info Systems Ltd is engaged in the business of providing ATM and Cash Management services, supply, installation and maintenance of ATM and cash deposit machines, and also engaged in card trading and personalization services. Its reportable segments are; Cash Management services; Managed services; and Card services. Maximum revenue for the company is generated from its Cash Management services segment which provides ATM cash management services, Retail cash management services, Cash in transit services for banks, and other related services.

CMS Info Systems Headlines

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