NMDC SteelBOM:543768 -2.02%51 Piotroski F-Score is 7 as of Jun. 29, 2026, which is 75% above its 10-year median of 4.00. GuruFocus rates BOM:543768 with a GF Score™ of 51/100 and a GF Value™ of ₹70.64 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 622 Steel companies, NMDC Steel ranks better than 91.48% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NMDC Steel has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for NMDC Steel's Piotroski F-Score or its related term are showing as below:
BOM:543768'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 7
During the past 9 years, the highest Piotroski F-Score of NMDC Steel was 7. The lowest was 2. And the median was 4.
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.
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.
NMDC Steel Piotroski F-Score Related Terms
NMDC Steel Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for NMDC Steel'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.
BOM:543768 vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, NMDC Steel'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.
NMDC Steel Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, NMDC Steel's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where NMDC Steel's Piotroski F-Score falls into.
* 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.
*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.
NMDC Steel's current Net Income (TTM) was 587.
==> 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.
NMDC Steel's return on assets of this year was 0.00206254. NMDC Steel's return on assets of last year was -0.08082791.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
NMDC Steel's gearing of this year was 0.10061329. NMDC Steel's gearing of last year was 0.11413073.
==> 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
NMDC Steel's current ratio of this year was 0.529632. NMDC Steel's current ratio of last year was 0.59079884.
==> 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.
NMDC Steel's number of shares in issue this year was 2936. NMDC Steel's number of shares in issue last year was 2930.593.
==> 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.
NMDC Steel's gross margin of this year was 0.34814662. NMDC Steel's gross margin of last year was 0.11360277.
==> 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
NMDC Steel's asset turnover of this year was 0.47916876. NMDC Steel's asset turnover of last year was 0.28953137.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NMDC Steel has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
NMDC Steel (BOM:543768) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on NMDC Steel and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, NMDC Steel's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, NMDC Steel ranks #53 out of 622 companies in the Steel industry, placing it in the top 8.5%.
Is NMDC Steel's Piotroski F-Score too high?
NMDC Steel's current Piotroski F-Score of 7 is 75% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Steel industry median Piotroski F-Score is 5.00. NMDC Steel's value of 7 is 40% above this industry median. Based on the distribution chart, NMDC Steel ranks #53 out of 622 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, NMDC Steel has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NMDC Steel's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, NMDC Steel ranks #53 out of 622 companies for Piotroski F-Score. This places NMDC Steel in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. NMDC Steel's value of 7 is 40% above this benchmark. Historically, NMDC Steel'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 4.00 vs. the industry median of 5.00, NMDC Steel 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 622 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. NMDC Steel's current Piotroski F-Score of 7 is 40% 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 NMDC Steel and its competitors. For the Steel 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. NMDC Steel's current Piotroski F-Score is 7, which is 75% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMDC Steel stock overvalued right now?
Based on GuruFocus' analysis, NMDC Steel (BOM:543768) is currently considered Possible Value Trap. The stock's GF Value™ is ₹70.64, compared to a current price of ₹43.71 — trading 38.1% below its estimated fair value. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Steel industry median of 5.00. NMDC Steel's overall GF Score™ is 51/100 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 NMDC Steel (BOM:543768), the current Piotroski F-Score is 7 as of Jun. 29, 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 NMDC Steel (BOM:543768) Overvalued in 2026?
Based on GuruFocus' analysis, NMDC Steel stock appears to be undervalued.
The current stock price of ₹43.71 is trading 38.1% below its estimated GF Value™ of ₹70.64.
GuruFocus considers NMDC Steel to be Possible Value Trap.
Key valuation signals for BOM:543768:
Piotroski F-Score: 7 (75% above median its 10-year median of 4.00)
GF Value™: ₹70.64 vs. price of ₹43.71 (38.1% below fair value)
Industry Position: 40% above the Steel median (#53 of 622)
No single metric tells the full story. See the BOM:543768 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NMDC Steel Ltd is engaged in the manufacturing of iron and steel products. Its product portfolio comprises hot rolled coils, hot rolled sheets, and plates. The company generates maximum revenue from steel products, followed by pig iron and others. Geographically, it derives all of its revenue from India.
51GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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