AIK Pipes And Polymers (BOM:544072) Piotroski F-Score: 4 (As of Jul. 28, 2026) — 20% Below Median

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BOM:544072 AIK Pipes And Polymers Ltd BOM:544072
30 GF Score
Price ₹25.44
! 7 Warning Signs
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What is AIK Pipes And Polymers Piotroski F-Score?

AIK Pipes And Polymers BOM:544072 +4.99% 30 Piotroski F-Score is 4 as of Jul. 28, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates BOM:544072 with a GF Score™ of 30/100. The stock has 7 warning signs investors should review. Among 1,728 Construction companies, AIK Pipes And Polymers ranks worse than 65.34% on this metric.

The zones of discrimination were as such:

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

AIK Pipes And Polymers has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for AIK Pipes And Polymers's Piotroski F-Score or its related term are showing as below:

BOM:544072' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 4

During the past 6 years, the highest Piotroski F-Score of AIK Pipes And Polymers was 6. The lowest was 4. And the median was 5.

AIK Pipes And Polymers  (BOM:544072) 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.


AIK Pipes And Polymers Piotroski F-Score Related Terms


AIK Pipes And Polymers Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for AIK Pipes And Polymers'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.

AIK Pipes And Polymers Piotroski F-Score Chart

AIK Pipes And Polymers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 6.00 4.00 4.00

AIK Pipes And Polymers Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 6.00 0.00 4.00 0.00 4.00

BOM:544072 vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, AIK Pipes And Polymers'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.


AIK Pipes And Polymers Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, AIK Pipes And Polymers's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where AIK Pipes And Polymers's Piotroski F-Score falls into.


BOM:544072
30GF Score
AIK Pipes And Polymers Ltd BOM:544072
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 ₹0.87 Mil.
Cash Flow from Operations was ₹-9.42 Mil.
Revenue was ₹94.51 Mil.
Gross Profit was ₹26.99 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (322.927 + 335.442) / 2 = ₹329.1845 Mil.
Total Assets at the begining of this year (Mar25) was ₹322.93 Mil.
Long-Term Debt & Capital Lease Obligation was ₹4.77 Mil.
Total Current Assets was ₹242.13 Mil.
Total Current Liabilities was ₹101.41 Mil.
Net Income was ₹12.77 Mil.

Revenue was ₹250.97 Mil.
Gross Profit was ₹42.66 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (323.857 + 322.927) / 2 = ₹323.392 Mil.
Total Assets at the begining of last year (Mar24) was ₹323.86 Mil.
Long-Term Debt & Capital Lease Obligation was ₹8.48 Mil.
Total Current Assets was ₹227.27 Mil.
Total Current Liabilities was ₹86.11 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.

AIK Pipes And Polymers's current Net Income (TTM) was 0.87. ==> 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.

AIK Pipes And Polymers's current Cash Flow from Operations (TTM) was -9.42. ==> 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)
=0.871/322.927
=0.0026972

ROA (Last Year)=Net Income/Total Assets (Mar24)
=12.765/323.857
=0.03941554

AIK Pipes And Polymers's return on assets of this year was 0.0026972. AIK Pipes And Polymers's return on assets of last year was 0.03941554. ==> 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.

AIK Pipes And Polymers's current Net Income (TTM) was 0.87. AIK Pipes And Polymers's current Cash Flow from Operations (TTM) was -9.42. ==> -9.42 <= 0.87 ==> 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
=4.768/329.1845
=0.01448428

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=8.477/323.392
=0.02621277

AIK Pipes And Polymers's gearing of this year was 0.01448428. AIK Pipes And Polymers's gearing of last year was 0.02621277. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=242.134/101.414
=2.38757962

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=227.274/86.112
=2.63928372

AIK Pipes And Polymers's current ratio of this year was 2.38757962. AIK Pipes And Polymers's current ratio of last year was 2.63928372. ==> 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.

AIK Pipes And Polymers's number of shares in issue this year was 6.221. AIK Pipes And Polymers's number of shares in issue last year was 6.351. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=26.985/94.508
=0.28553138

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=42.661/250.97
=0.16998446

AIK Pipes And Polymers's gross margin of this year was 0.28553138. AIK Pipes And Polymers's gross margin of last year was 0.16998446. ==> 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)
=94.508/322.927
=0.29266057

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=250.97/323.857
=0.77494079

AIK Pipes And Polymers's asset turnover of this year was 0.29266057. AIK Pipes And Polymers's asset turnover of last year was 0.77494079. ==> 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+1+1+0
=4

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

AIK Pipes And Polymers has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
AIK Pipes And Polymers (BOM:544072) has a Piotroski F-Score of 4 as of Jul. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AIK Pipes And Polymers and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, AIK Pipes And Polymers' Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, AIK Pipes And Polymers ranks #1129 out of 1728 companies in the Construction industry, placing it in the top 65.3%.
Is AIK Pipes And Polymers' Piotroski F-Score too high?
AIK Pipes And Polymers' current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 6.00. The Construction industry median Piotroski F-Score is 5.00. AIK Pipes And Polymers' value of 4 is 20% below this industry median. Based on the distribution chart, AIK Pipes And Polymers ranks #1129 out of 1728 companies in the Construction industry, which is below the industry midpoint. Overall, AIK Pipes And Polymers has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does AIK Pipes And Polymers' Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, AIK Pipes And Polymers ranks #1129 out of 1728 companies for Piotroski F-Score. This places AIK Pipes And Polymers in the lower half of its industry. The industry median Piotroski F-Score is 5.00. AIK Pipes And Polymers' value of 4 is 20% below this benchmark. Historically, AIK Pipes And Polymers' own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, AIK Pipes And Polymers 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,728 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. AIK Pipes And Polymers's current Piotroski F-Score of 4 is 20% 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 AIK Pipes And Polymers and its competitors. For the Construction 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. AIK Pipes And Polymers's current Piotroski F-Score is 4, which is 20% 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 AIK Pipes And Polymers stock overvalued right now?
AIK Pipes And Polymers (BOM:544072) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Construction industry median of 5.00. AIK Pipes And Polymers' overall GF Score™ is 30/100 with 7 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 AIK Pipes And Polymers (BOM:544072), the current Piotroski F-Score is 4 as of Jul. 28, 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.

AIK Pipes And Polymers Business Description

Address Gram Sayu, Plot No. 29, Govindam Industries Park, Govindgarh, Jaipur, RJ, IND, 303712
AIK Pipes And Polymers Ltd is engaged in the manufacturing of a comprehensive range of HDPE (High density polyethylene) pipes, HDPE Fittings, MDPE (Medium density polyethylene) Pipes, and PPR (Polypropylene random) Pipes for water distribution, agriculture, housing and infrastructure, telecommunication, gas transmission, and sewerage systems.
30GF Score

Get the complete analysis for BOM:544072

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

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