Shree Marutinandan Tubes (BOM:544083) Piotroski F-Score: 4 (As of Jul. 30, 2026) — 20% Below Median

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BOM:544083 Shree Marutinandan Tubes Ltd BOM:544083
43 GF Score
Price ₹48.50
! 3 Warning Signs
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What is Shree Marutinandan Tubes Piotroski F-Score?

Shree Marutinandan Tubes BOM:544083 43 Piotroski F-Score is 4 as of Jul. 30, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates BOM:544083 with a GF Score™ of 43/100. The stock has 3 warning signs investors should review. Among 151 Industrial Distribution companies, Shree Marutinandan Tubes ranks worse than 78.15% 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

Shree Marutinandan Tubes 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 Shree Marutinandan Tubes's Piotroski F-Score or its related term are showing as below:

BOM:544083' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 4

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

Shree Marutinandan Tubes  (BOM:544083) 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.


Shree Marutinandan Tubes Piotroski F-Score Related Terms


Shree Marutinandan Tubes Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shree Marutinandan Tubes'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.

Shree Marutinandan Tubes Piotroski F-Score Chart

Shree Marutinandan Tubes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 6.00 3.00 4.00

Shree Marutinandan Tubes 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 3.00 0.00 4.00

BOM:544083 vs GWW, FAST, FERG: Piotroski F-Score Comparison

For the Industrial Distribution subindustry, Shree Marutinandan Tubes'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.


Shree Marutinandan Tubes Piotroski F-Score vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Shree Marutinandan Tubes's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Shree Marutinandan Tubes's Piotroski F-Score falls into.


BOM:544083
43GF Score
Shree Marutinandan Tubes Ltd BOM:544083
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 ₹36 Mil.
Cash Flow from Operations was ₹21 Mil.
Revenue was ₹1,497 Mil.
Gross Profit was ₹110 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (611.156 + 660.97) / 2 = ₹636.063 Mil.
Total Assets at the begining of this year (Mar25) was ₹611 Mil.
Long-Term Debt & Capital Lease Obligation was ₹7 Mil.
Total Current Assets was ₹570 Mil.
Total Current Liabilities was ₹276 Mil.
Net Income was ₹28 Mil.

Revenue was ₹1,139 Mil.
Gross Profit was ₹61 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (326.904 + 611.156) / 2 = ₹469.03 Mil.
Total Assets at the begining of last year (Mar24) was ₹327 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2 Mil.
Total Current Assets was ₹597 Mil.
Total Current Liabilities was ₹389 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.

Shree Marutinandan Tubes's current Net Income (TTM) was 36. ==> 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.

Shree Marutinandan Tubes's current Cash Flow from Operations (TTM) was 21. ==> Positive ==> Score 1.

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)
=35.774/611.156
=0.05853497

ROA (Last Year)=Net Income/Total Assets (Mar24)
=28.013/326.904
=0.08569182

Shree Marutinandan Tubes's return on assets of this year was 0.05853497. Shree Marutinandan Tubes's return on assets of last year was 0.08569182. ==> 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.

Shree Marutinandan Tubes's current Net Income (TTM) was 36. Shree Marutinandan Tubes's current Cash Flow from Operations (TTM) was 21. ==> 21 <= 36 ==> 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
=6.932/636.063
=0.01089829

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2.436/469.03
=0.0051937

Shree Marutinandan Tubes's gearing of this year was 0.01089829. Shree Marutinandan Tubes's gearing of last year was 0.0051937. ==> 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
=569.835/276.388
=2.0617212

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=596.585/389.345
=1.53227857

Shree Marutinandan Tubes's current ratio of this year was 2.0617212. Shree Marutinandan Tubes's current ratio of last year was 1.53227857. ==> 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.

Shree Marutinandan Tubes's number of shares in issue this year was 3.46. Shree Marutinandan Tubes's number of shares in issue last year was 3.458. ==> 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
=109.512/1497.076
=0.07315059

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=60.572/1138.97
=0.05318138

Shree Marutinandan Tubes's gross margin of this year was 0.07315059. Shree Marutinandan Tubes's gross margin of last year was 0.05318138. ==> 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)
=1497.076/611.156
=2.44958079

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1138.97/326.904
=3.48411154

Shree Marutinandan Tubes's asset turnover of this year was 2.44958079. Shree Marutinandan Tubes's asset turnover of last year was 3.48411154. ==> 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+1+0+0+0+1+0+1+0
=4

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

Shree Marutinandan Tubes 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?
Shree Marutinandan Tubes (BOM:544083) has a Piotroski F-Score of 4 as of Jul. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shree Marutinandan Tubes and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Shree Marutinandan Tubes' Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Shree Marutinandan Tubes ranks #118 out of 151 companies in the Industrial Distribution industry, placing it in the top 78.1%.
Is Shree Marutinandan Tubes' Piotroski F-Score too high?
Shree Marutinandan Tubes' 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 3.00 to a high of 6.00. The Industrial Distribution industry median Piotroski F-Score is 6.00. Shree Marutinandan Tubes' value of 4 is 33.3% below this industry median. Based on the distribution chart, Shree Marutinandan Tubes ranks #118 out of 151 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Shree Marutinandan Tubes has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Shree Marutinandan Tubes' Piotroski F-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Shree Marutinandan Tubes ranks #118 out of 151 companies for Piotroski F-Score. This places Shree Marutinandan Tubes in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Shree Marutinandan Tubes' value of 4 is 33.3% below this benchmark. Historically, Shree Marutinandan Tubes' own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Shree Marutinandan Tubes 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 an Industrial Distribution company?
The median Piotroski F-Score among Industrial Distribution companies is 6.00, based on 151 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. Shree Marutinandan Tubes's current Piotroski F-Score of 4 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 Shree Marutinandan Tubes and its competitors. For the Industrial Distribution industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shree Marutinandan Tubes'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 Shree Marutinandan Tubes stock overvalued right now?
Shree Marutinandan Tubes (BOM:544083) 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 33.3% below the Industrial Distribution industry median of 6.00. Shree Marutinandan Tubes' overall GF Score™ is 43/100 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 Shree Marutinandan Tubes (BOM:544083), the current Piotroski F-Score is 4 as of Jul. 30, 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.

Shree Marutinandan Tubes Business Description

Address S.P Ring Road, A-21, Second Floor, Amrapali Complex, Bopal, Ahmedabad, GJ, IND, 380058
Shree Marutinandan Tubes Ltd is engaged in the trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERW MS) Pipes (round pipes, square and rectangular hollow sections in various specifications, sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. Its products are widely used in various industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial etc.
43GF Score

Get the complete analysis for BOM:544083

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

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