Blue Jet Healthcare (BOM:544009) Piotroski F-Score: 2 (As of Jul. 20, 2026) — 60% Below Median

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BOM:544009 Blue Jet Healthcare Ltd BOM:544009
64 GF Score
Price ₹589.75
GF Value ₹562.05
Valuation Fairly Valued
! 10 Warning Signs
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What is Blue Jet Healthcare Piotroski F-Score?

Blue Jet Healthcare BOM:544009 +0.86% 64 Piotroski F-Score is 2 as of Jul. 20, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates BOM:544009 with a GF Score™ of 64/100 and a GF Value™ of ₹562.05 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,333 Biotechnology companies, Blue Jet Healthcare ranks worse than 72.84% 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

Blue Jet Healthcare 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 Blue Jet Healthcare's Piotroski F-Score or its related term are showing as below:

BOM:544009' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 5
Current: 2

During the past 6 years, the highest Piotroski F-Score of Blue Jet Healthcare was 5. The lowest was 2. And the median was 5.

Blue Jet Healthcare  (BOM:544009) 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.


Blue Jet Healthcare Piotroski F-Score Related Terms


Blue Jet Healthcare Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Blue Jet Healthcare'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.

Blue Jet Healthcare Piotroski F-Score Chart

Blue Jet Healthcare Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 5.00 5.00 2.00

Blue Jet Healthcare Quarterly Data
Mar21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 4.00 N/A N/A 2.00

BOM:544009 vs VRTX, REGN, ALNY: Piotroski F-Score Comparison

For the Biotechnology subindustry, Blue Jet Healthcare'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.


Blue Jet Healthcare Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Blue Jet Healthcare's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Blue Jet Healthcare's Piotroski F-Score falls into.


BOM:544009
64GF Score
Blue Jet Healthcare Ltd BOM:544009
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 911.7 + 521.36 + 401.66 + 643.44 = ₹2,478 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0 Mil.
Revenue was 3547.58 + 1654.81 + 1924.14 + 2346.68 = ₹9,473 Mil.
Gross Profit was 1718.61 + 1076.15 + 995.65 + 1324.65 = ₹5,115 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(14175.31 + 0 + 15274.6 + 0 + 16411.58) / 5 = ₹15287.16333333 Mil.
Total Assets at the begining of this year (Mar25) was ₹14,175 Mil.
Long-Term Debt & Capital Lease Obligation was ₹376 Mil.
Total Current Assets was ₹9,570 Mil.
Total Current Liabilities was ₹2,275 Mil.
Net Income was 377.77 + 583.49 + 989.83 + 1100.95 = ₹3,052 Mil.

Revenue was 1628.99 + 2082.6 + 3183.82 + 3404.45 = ₹10,300 Mil.
Gross Profit was 890.85 + 1187.45 + 1739.62 + 1869.72 = ₹5,688 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(10588.47 + 0 + 11810.31 + 0 + 14175.31) / 5 = ₹12191.36333333 Mil.
Total Assets at the begining of last year (Mar24) was ₹10,588 Mil.
Long-Term Debt & Capital Lease Obligation was ₹165 Mil.
Total Current Assets was ₹10,059 Mil.
Total Current Liabilities was ₹2,559 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.

Blue Jet Healthcare's current Net Income (TTM) was 2,478. ==> 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.

Blue Jet Healthcare's current Cash Flow from Operations (TTM) was 0. ==> 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)
=2478.16/14175.31
=0.17482228

ROA (Last Year)=Net Income/Total Assets (Mar24)
=3052.04/10588.47
=0.28824183

Blue Jet Healthcare's return on assets of this year was 0.17482228. Blue Jet Healthcare's return on assets of last year was 0.28824183. ==> 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.

Blue Jet Healthcare's current Net Income (TTM) was 2,478. Blue Jet Healthcare's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 2,478 ==> 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
=375.8/15287.16333333
=0.02458272

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=165.26/12191.36333333
=0.0135555

Blue Jet Healthcare's gearing of this year was 0.02458272. Blue Jet Healthcare's gearing of last year was 0.0135555. ==> 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
=9570.43/2274.56
=4.20759619

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=10059.47/2559.07
=3.93090849

Blue Jet Healthcare's current ratio of this year was 4.20759619. Blue Jet Healthcare's current ratio of last year was 3.93090849. ==> 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.

Blue Jet Healthcare's number of shares in issue this year was 173.434. Blue Jet Healthcare's number of shares in issue last year was 173.378. ==> 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
=5115.06/9473.21
=0.53995003

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5687.64/10299.86
=0.55220556

Blue Jet Healthcare's gross margin of this year was 0.53995003. Blue Jet Healthcare's gross margin of last year was 0.55220556. ==> 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)
=9473.21/14175.31
=0.66828944

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=10299.86/10588.47
=0.97274299

Blue Jet Healthcare's asset turnover of this year was 0.66828944. Blue Jet Healthcare's asset turnover of last year was 0.97274299. ==> 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+1+0+0+0
=2

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

Blue Jet Healthcare 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?
Blue Jet Healthcare (BOM:544009) has a Piotroski F-Score of 2 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Blue Jet Healthcare and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Blue Jet Healthcare's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Blue Jet Healthcare ranks #971 out of 1333 companies in the Biotechnology industry, placing it in the top 72.8%.
Is Blue Jet Healthcare's Piotroski F-Score too high?
Blue Jet Healthcare'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 5.00. The Biotechnology industry median Piotroski F-Score is 3.00. Blue Jet Healthcare's value of 2 is 33.3% below this industry median. Based on the distribution chart, Blue Jet Healthcare ranks #971 out of 1333 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Blue Jet Healthcare has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Blue Jet Healthcare's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Blue Jet Healthcare ranks #971 out of 1333 companies for Piotroski F-Score. This places Blue Jet Healthcare in the lower half of its industry. The industry median Piotroski F-Score is 3.00. Blue Jet Healthcare's value of 2 is 33.3% below this benchmark. Historically, Blue Jet Healthcare's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, Blue Jet Healthcare 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,333 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. Blue Jet Healthcare's current Piotroski F-Score of 2 is 33.3% 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 Blue Jet Healthcare and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blue Jet Healthcare'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 Blue Jet Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Blue Jet Healthcare (BOM:544009) is currently considered Fairly Valued. The stock's GF Value™ is ₹562.05, compared to a current price of ₹589.75 — trading 4.9% above its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 33.3% below the Biotechnology industry median of 3.00. Blue Jet Healthcare's overall GF Score™ is 64/100 with 10 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 Blue Jet Healthcare (BOM:544009), the current Piotroski F-Score is 2 as of Jul. 20, 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 Blue Jet Healthcare (BOM:544009) Overvalued in 2026?

Based on GuruFocus' analysis, Blue Jet Healthcare stock appears to be overvalued. The current stock price of ₹589.75 is trading 4.9% above its estimated GF Value™ of ₹562.05. GuruFocus considers Blue Jet Healthcare to be Fairly Valued.

Key valuation signals for BOM:544009:

  • Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
  • GF Value™: ₹562.05 vs. price of ₹589.75 (4.9% above fair value)
  • GF Score™: 64/100 with 10 warning signs
  • Industry Position: 33.3% below the Biotechnology median (#971 of 1333)

No single metric tells the full story. See the BOM:544009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blue Jet Healthcare Business Description

Other Exchanges BLUEJET:India
Address 701, 702, 7th Floor, Plot No. 1 & 2, Bhumiraj Costarica, Sector 18, Sanpada, Navi Mumbai, MH, IND, 400 705
Blue Jet Healthcare Ltd is engaged in manufacturing of Pharma Intermediate, APIs used in Pharmaceutical and Healthcare Products. The operations of the company are organized in three product categories which are contrast media intermediates, artificial sweeteners, pharma intermediates, and active pharmaceutical ingredients. Geographically, it operates in Norway, France, India and Rest of the World.
64GF Score

Get the complete analysis for BOM:544009

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

₹589.75
Price
₹562.05
GF Value