Insolation Energy (BOM:543620) Piotroski F-Score: 2 (As of Jul. 06, 2026) — 60% Below Median


BOM:543620 Insolation Energy Ltd BOM:543620
83 GF Score
Price ₹113.75
GF Value ₹425.59
Valuation Possible Value Trap
! 5 Warning Signs
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What is Insolation Energy Piotroski F-Score?

Insolation Energy BOM:543620 -1.73% 83 Piotroski F-Score is 2 as of Jul. 06, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates BOM:543620 with a GF Score™ of 83/100 and a GF Value™ of ₹425.59 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 989 Semiconductors companies, Insolation Energy ranks worse than 92.52% on this metric.

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Insolation Energy has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

BOM:543620' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 2

During the past 7 years, the highest Piotroski F-Score of Insolation Energy was 7. The lowest was 2. And the median was 5.

Insolation Energy  (BOM:543620) 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.


Insolation Energy Piotroski F-Score Related Terms


Insolation Energy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Insolation Energy'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.

Insolation Energy Piotroski F-Score Chart

Insolation Energy Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 5.00 4.00 6.00 7.00 2.00

Insolation Energy Quarterly Data
Mar20 Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 7.00 0.00 0.00 2.00

BOM:543620 vs FSLR, NXT, ENPH: Piotroski F-Score Comparison

For the Solar subindustry, Insolation Energy'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.


Insolation Energy Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Insolation Energy's Piotroski F-Score distribution charts can be found below:

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


BOM:543620
83GF Score
Insolation Energy Ltd BOM:543620
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 ₹2,002 Mil.
Cash Flow from Operations was ₹-731 Mil.
Revenue was ₹21,460 Mil.
Gross Profit was ₹4,306 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (8473.875 + 21551.271) / 2 = ₹15012.573 Mil.
Total Assets at the begining of this year (Mar25) was ₹8,474 Mil.
Long-Term Debt & Capital Lease Obligation was ₹5,162 Mil.
Total Current Assets was ₹14,097 Mil.
Total Current Liabilities was ₹7,583 Mil.
Net Income was ₹1,256 Mil.

Revenue was ₹13,338 Mil.
Gross Profit was ₹2,318 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2627.77 + 8473.875) / 2 = ₹5550.8225 Mil.
Total Assets at the begining of last year (Mar24) was ₹2,628 Mil.
Long-Term Debt & Capital Lease Obligation was ₹115 Mil.
Total Current Assets was ₹5,282 Mil.
Total Current Liabilities was ₹2,070 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.

Insolation Energy's current Net Income (TTM) was 2,002. ==> 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.

Insolation Energy's current Cash Flow from Operations (TTM) was -731. ==> 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 (Mar25)
=2002.166/8473.875
=0.23627514

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1255.999/2627.77
=0.47797144

Insolation Energy's return on assets of this year was 0.23627514. Insolation Energy's return on assets of last year was 0.47797144. ==> 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.

Insolation Energy's current Net Income (TTM) was 2,002. Insolation Energy's current Cash Flow from Operations (TTM) was -731. ==> -731 <= 2,002 ==> 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
=5161.524/15012.573
=0.34381342

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=115.404/5550.8225
=0.02079043

Insolation Energy's gearing of this year was 0.34381342. Insolation Energy's gearing of last year was 0.02079043. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=14097.094/7582.916
=1.85905976

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5282.098/2069.753
=2.55204268

Insolation Energy's current ratio of this year was 1.85905976. Insolation Energy's current ratio of last year was 2.55204268. ==> 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.

Insolation Energy's number of shares in issue this year was 220.018. Insolation Energy's number of shares in issue last year was 211.804. ==> 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
=4305.784/21460.213
=0.20064032

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2318.008/13337.684
=0.17379389

Insolation Energy's gross margin of this year was 0.20064032. Insolation Energy's gross margin of last year was 0.17379389. ==> 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 (Mar25)
=21460.213/8473.875
=2.5325147

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=13337.684/2627.77
=5.07566644

Insolation Energy's asset turnover of this year was 2.5325147. Insolation Energy's asset turnover of last year was 5.07566644. ==> 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+0+0+0+1+0
=2

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

Insolation Energy has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Insolation Energy (BOM:543620) has a Piotroski F-Score of 2 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Insolation Energy and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Insolation Energy's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Insolation Energy ranks #915 out of 989 companies in the Semiconductors industry, placing it in the top 92.5%.
Is Insolation Energy's Piotroski F-Score too high?
Insolation Energy's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. Insolation Energy's value of 2 is 60% below this industry median. Based on the distribution chart, Insolation Energy ranks #915 out of 989 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Insolation Energy has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Insolation Energy's Piotroski F-Score compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Insolation Energy ranks #915 out of 989 companies for Piotroski F-Score. This places Insolation Energy in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Insolation Energy's value of 2 is 60% below this benchmark. Historically, Insolation Energy's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Insolation Energy 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 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. Insolation Energy's current Piotroski F-Score of 2 is 60% 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 Insolation Energy and its competitors. For the Semiconductors 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. Insolation Energy's current Piotroski F-Score is 2, which is 60% 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 Insolation Energy stock overvalued right now?
Based on GuruFocus' analysis, Insolation Energy (BOM:543620) is currently considered Possible Value Trap. The stock's GF Value™ is ₹425.59, compared to a current price of ₹113.75 — trading 73.3% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Semiconductors industry median of 5.00. Insolation Energy's overall GF Score™ is 83/100 with 5 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 Insolation Energy (BOM:543620), the current Piotroski F-Score is 2 as of Jul. 06, 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 Insolation Energy (BOM:543620) Overvalued in 2026?

Based on GuruFocus' analysis, Insolation Energy stock appears to be undervalued. The current stock price of ₹113.75 is trading 73.3% below its estimated GF Value™ of ₹425.59. GuruFocus considers Insolation Energy to be Possible Value Trap.

Key valuation signals for BOM:543620:

  • Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
  • GF Value™: ₹425.59 vs. price of ₹113.75 (73.3% below fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 60% below the Semiconductors median (#915 of 989)

No single metric tells the full story. See the BOM:543620 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Insolation Energy Business Description

Other Exchanges INA:India
Address New Aatish Market Extension, Gopalpura Bypass, C-02, Fluidcon House, Behind Inox Cinema Hall, Jaipur, RJ, IND, 302020
Insolation Energy Ltd is an India-based company engaged in manufacturing solar panels under the brand name INA. The products of the company include Solar Module, Solar PCU, Solar Battery, and Solar Charge Controller.
83GF Score

Get the complete analysis for BOM:543620

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

₹113.75
Price
₹425.59
GF Value