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KP Green Engineering (BOM:544150) Piotroski F-Score : 5 (As of Apr. 10, 2025)


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What is KP Green Engineering Piotroski F-Score?

The zones of discrimination were as such:

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

KP Green Engineering has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

BOM:544150' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 4 years, the highest Piotroski F-Score of KP Green Engineering was 7. The lowest was 5. And the median was 6.


KP Green Engineering Piotroski F-Score Historical Data

The historical data trend for KP Green Engineering'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.

KP Green Engineering Piotroski F-Score Chart

KP Green Engineering Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
N/A N/A 7.00 5.00

KP Green Engineering Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Piotroski F-Score Get a 7-Day Free Trial N/A 7.00 - 5.00 -

Competitive Comparison of KP Green Engineering's Piotroski F-Score

For the Metal Fabrication subindustry, KP Green Engineering'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.


KP Green Engineering's Piotroski F-Score Distribution in the Industrial Products Industry

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

* The bar in red indicates where KP Green Engineering's Piotroski F-Score falls into.


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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 ₹354 Mil.
Cash Flow from Operations was ₹-421 Mil.
Revenue was ₹3,490 Mil.
Gross Profit was ₹722 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (947.7 + 4137.082) / 2 = ₹2542.391 Mil.
Total Assets at the begining of this year (Mar23) was ₹948 Mil.
Long-Term Debt & Capital Lease Obligation was ₹182 Mil.
Total Current Assets was ₹3,667 Mil.
Total Current Liabilities was ₹1,264 Mil.
Net Income was ₹121 Mil.

Revenue was ₹1,142 Mil.
Gross Profit was ₹295 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (834.858 + 947.7) / 2 = ₹891.279 Mil.
Total Assets at the begining of last year (Mar22) was ₹835 Mil.
Long-Term Debt & Capital Lease Obligation was ₹47 Mil.
Total Current Assets was ₹706 Mil.
Total Current Liabilities was ₹537 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.

KP Green Engineering's current Net Income (TTM) was 354. ==> 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.

KP Green Engineering's current Cash Flow from Operations (TTM) was -421. ==> 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)
=353.905/947.7
=0.37343569

ROA (Last Year)=Net Income/Total Assets (Mar22)
=121.169/834.858
=0.14513726

KP Green Engineering's return on assets of this year was 0.37343569. KP Green Engineering's return on assets of last year was 0.14513726. ==> This year is higher. ==> Score 1.

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.

KP Green Engineering's current Net Income (TTM) was 354. KP Green Engineering's current Cash Flow from Operations (TTM) was -421. ==> -421 <= 354 ==> 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
=182.041/2542.391
=0.07160228

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=47.165/891.279
=0.05291833

KP Green Engineering's gearing of this year was 0.07160228. KP Green Engineering's gearing of last year was 0.05291833. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=3666.924/1264.055
=2.90092124

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=705.936/536.944
=1.31472928

KP Green Engineering's current ratio of this year was 2.90092124. KP Green Engineering's current ratio of last year was 1.31472928. ==> 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.

KP Green Engineering's number of shares in issue this year was 36.467. KP Green Engineering's number of shares in issue last year was 50. ==> 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
=722.106/3490.485
=0.20687841

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=295.034/1142.089
=0.25832838

KP Green Engineering's gross margin of this year was 0.20687841. KP Green Engineering's gross margin of last year was 0.25832838. ==> 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 (Mar23)
=3490.485/947.7
=3.68311174

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=1142.089/834.858
=1.3680039

KP Green Engineering's asset turnover of this year was 3.68311174. KP Green Engineering's asset turnover of last year was 1.3680039. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+0+1+1+0+1
=5

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

KP Green Engineering has an F-score of 5 indicating the company's financial situation is typical for a stable company.

KP Green Engineering  (BOM:544150) 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.


KP Green Engineering Piotroski F-Score Related Terms

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KP Green Engineering Business Description

Traded in Other Exchanges
N/A
Address
Canal Road, KP House, Near KP Circle, Opposite Ishwar Farm Junction BRTS, Bhatar, Surat, GJ, IND, 395017
KP Green Engineering Ltd manufactures fabricated and hot-dip galvanized steel products. The company is engaged in the business of galvanization of structures as well as it is engaged in providing services of fabrication, galvanizing fault rectification team, Patrolling of Optical Fiber Cables, Site Clearance Work, Solar Roof-top installation, Sale of solar electricity, EPC, Mobile tower Manufacturing and Turnkey Service Provider to Mobile and Renewable Energy Industry.

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