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Sealmatic India (BOM:543782) Piotroski F-Score : 3 (As of Jun. 16, 2024)


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What is Sealmatic India Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 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

Sealmatic India has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

BOM:543782' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 6
Current: 3

During the past 5 years, the highest Piotroski F-Score of Sealmatic India was 6. The lowest was 3. And the median was 6.


Sealmatic India Piotroski F-Score Historical Data

The historical data trend for Sealmatic India'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.

Sealmatic India Piotroski F-Score Chart

Sealmatic India Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
N/A N/A 6.00 6.00 3.00

Sealmatic India Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Piotroski F-Score Get a 7-Day Free Trial 6.00 - 6.00 - 3.00

Competitive Comparison of Sealmatic India's Piotroski F-Score

For the Metal Fabrication subindustry, Sealmatic India'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.


Sealmatic India's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sealmatic India's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sealmatic India'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 ₹98.5 Mil.
Cash Flow from Operations was ₹-76.7 Mil.
Revenue was ₹710.2 Mil.
Gross Profit was ₹447.7 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (974.74 + 1104.491) / 2 = ₹1039.6155 Mil.
Total Assets at the begining of this year (Mar23) was ₹974.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₹23.6 Mil.
Total Current Assets was ₹808.8 Mil.
Total Current Liabilities was ₹200.3 Mil.
Net Income was ₹109.8 Mil.

Revenue was ₹585.4 Mil.
Gross Profit was ₹359.3 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (393.682 + 974.74) / 2 = ₹684.211 Mil.
Total Assets at the begining of last year (Mar22) was ₹393.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₹33.6 Mil.
Total Current Assets was ₹813.4 Mil.
Total Current Liabilities was ₹151.3 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.

Sealmatic India's current Net Income (TTM) was 98.5. ==> 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.

Sealmatic India's current Cash Flow from Operations (TTM) was -76.7. ==> 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 (Mar23)
=98.549/974.74
=0.10110286

ROA (Last Year)=Net Income/Total Assets (Mar22)
=109.811/393.682
=0.27893325

Sealmatic India's return on assets of this year was 0.10110286. Sealmatic India's return on assets of last year was 0.27893325. ==> 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.

Sealmatic India's current Net Income (TTM) was 98.5. Sealmatic India's current Cash Flow from Operations (TTM) was -76.7. ==> -76.7 <= 98.5 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=23.603/1039.6155
=0.02270359

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=33.641/684.211
=0.04916758

Sealmatic India's gearing of this year was 0.02270359. Sealmatic India's gearing of last year was 0.04916758. ==> 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
=808.751/200.311
=4.03747672

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=813.414/151.324
=5.3753139

Sealmatic India's current ratio of this year was 4.03747672. Sealmatic India's current ratio of last year was 5.3753139. ==> 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.

Sealmatic India's number of shares in issue this year was 9.049. Sealmatic India's number of shares in issue last year was 7.355. ==> 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
=447.703/710.168
=0.63041844

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=359.339/585.405
=0.61382974

Sealmatic India's gross margin of this year was 0.63041844. Sealmatic India's gross margin of last year was 0.61382974. ==> 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 (Mar23)
=710.168/974.74
=0.72857172

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=585.405/393.682
=1.48699966

Sealmatic India's asset turnover of this year was 0.72857172. Sealmatic India's asset turnover of last year was 1.48699966. ==> 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+0+0+1+0
=3

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

Sealmatic India has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Sealmatic India  (BOM:543782) 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.


Sealmatic India Piotroski F-Score Related Terms

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Sealmatic India (BOM:543782) Business Description

Traded in Other Exchanges
N/A
Address
Shanti Vidya Nagri Road, Building A, Indiplex IV, Survey No-12, Hissa No-9A, Village Ghodbunder, Mira Road (East), Thane, MH, IND, 401104
Sealmatic India Ltd is engaged in the business of designing and manufacturing of mechanical seals and associated products. The Mechanical seals manufactured by the company are mainly used in pulp & paper, Oil & Gas, refinery, petrochemical, chemical, fertilizer, power, mining, aerospace, marine, pharmaceutical, and other industrial spaces. The company has a presence in over 45 countries including India. Some of the countries are the USA, Sweden, the UK, Germany, Italy, Japan, Norway, Switzerland, Denmark, Netherlands, Australia, France, and many more.

Sealmatic India (BOM:543782) Headlines

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