Emmforce Autotech (BOM:544166) Piotroski F-Score: 4 (As of Jul. 06, 2026) — 20% Below Median


BOM:544166 Emmforce Autotech Ltd BOM:544166
48 GF Score
Price ₹182.75
! 7 Warning Signs
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What is Emmforce Autotech Piotroski F-Score?

Emmforce Autotech BOM:544166 +8.10% 48 Piotroski F-Score is 4 as of Jul. 06, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates BOM:544166 with a GF Score™ of 48/100. The stock has 7 warning signs investors should review. Among 1,290 Vehicles & Parts companies, Emmforce Autotech ranks worse than 70.23% 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

Emmforce Autotech 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 Emmforce Autotech's Piotroski F-Score or its related term are showing as below:

BOM:544166' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 6 years, the highest Piotroski F-Score of Emmforce Autotech was 7. The lowest was 3. And the median was 5.

Emmforce Autotech  (BOM:544166) 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.


Emmforce Autotech Piotroski F-Score Related Terms


Emmforce Autotech Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Emmforce Autotech'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.

Emmforce Autotech Piotroski F-Score Chart

Emmforce Autotech Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 3.00 6.00 4.00

Emmforce Autotech Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 3.00 0.00 6.00 0.00 4.00

BOM:544166 vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, Emmforce Autotech'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.


Emmforce Autotech Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Emmforce Autotech's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Emmforce Autotech's Piotroski F-Score falls into.


BOM:544166
48GF Score
Emmforce Autotech Ltd BOM:544166
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 ₹82 Mil.
Cash Flow from Operations was ₹52 Mil.
Revenue was ₹1,126 Mil.
Gross Profit was ₹504 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1173.896 + 1547.637) / 2 = ₹1360.7665 Mil.
Total Assets at the begining of this year (Mar25) was ₹1,174 Mil.
Long-Term Debt & Capital Lease Obligation was ₹202 Mil.
Total Current Assets was ₹753 Mil.
Total Current Liabilities was ₹433 Mil.
Net Income was ₹81 Mil.

Revenue was ₹875 Mil.
Gross Profit was ₹363 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (659.608 + 1173.896) / 2 = ₹916.752 Mil.
Total Assets at the begining of last year (Mar24) was ₹660 Mil.
Long-Term Debt & Capital Lease Obligation was ₹118 Mil.
Total Current Assets was ₹629 Mil.
Total Current Liabilities was ₹259 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.

Emmforce Autotech's current Net Income (TTM) was 82. ==> 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.

Emmforce Autotech's current Cash Flow from Operations (TTM) was 52. ==> 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)
=82.478/1173.896
=0.07026006

ROA (Last Year)=Net Income/Total Assets (Mar24)
=80.649/659.608
=0.12226807

Emmforce Autotech's return on assets of this year was 0.07026006. Emmforce Autotech's return on assets of last year was 0.12226807. ==> 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.

Emmforce Autotech's current Net Income (TTM) was 82. Emmforce Autotech's current Cash Flow from Operations (TTM) was 52. ==> 52 <= 82 ==> 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
=202.482/1360.7665
=0.14879996

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=117.844/916.752
=0.12854512

Emmforce Autotech's gearing of this year was 0.14879996. Emmforce Autotech's gearing of last year was 0.12854512. ==> 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
=753.116/432.569
=1.74103091

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=628.621/258.89
=2.42813936

Emmforce Autotech's current ratio of this year was 1.74103091. Emmforce Autotech's current ratio of last year was 2.42813936. ==> 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.

Emmforce Autotech's number of shares in issue this year was 20.517. Emmforce Autotech's number of shares in issue last year was 20.521. ==> 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
=503.887/1126.458
=0.44731983

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=362.593/875.405
=0.41420028

Emmforce Autotech's gross margin of this year was 0.44731983. Emmforce Autotech's gross margin of last year was 0.41420028. ==> 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)
=1126.458/1173.896
=0.95958927

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=875.405/659.608
=1.32715946

Emmforce Autotech's asset turnover of this year was 0.95958927. Emmforce Autotech's asset turnover of last year was 1.32715946. ==> 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+0+1+1+0
=4

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

Emmforce Autotech 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?
Emmforce Autotech (BOM:544166) has a Piotroski F-Score of 4 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Emmforce Autotech and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Emmforce Autotech's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Emmforce Autotech ranks #906 out of 1290 companies in the Vehicles & Parts industry, placing it in the top 70.2%.
Is Emmforce Autotech's Piotroski F-Score too high?
Emmforce Autotech's 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 7.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Emmforce Autotech's value of 4 is 20% below this industry median. Based on the distribution chart, Emmforce Autotech ranks #906 out of 1290 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Emmforce Autotech has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Emmforce Autotech's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Emmforce Autotech ranks #906 out of 1290 companies for Piotroski F-Score. This places Emmforce Autotech in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Emmforce Autotech's value of 4 is 20% below this benchmark. Historically, Emmforce Autotech's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Emmforce Autotech 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,290 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. Emmforce Autotech'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 Emmforce Autotech and its competitors. For the Vehicles & Parts 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. Emmforce Autotech'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 Emmforce Autotech stock overvalued right now?
Emmforce Autotech (BOM:544166) 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 Vehicles & Parts industry median of 5.00. Emmforce Autotech's overall GF Score™ is 48/100 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 Emmforce Autotech (BOM:544166), the current Piotroski F-Score is 4 as of Jul. 06, 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.

Emmforce Autotech Business Description

Address 3 and 5 EPIP Phase I, Jharmajri, Baddi, Distt Solan, Solan, HP, IND, 173205
Emmforce Autotech Ltd is engaged in the business of manufacturing niche automotive drivetrain parts like Differential Housings, Differential Lockers, Differential Covers,4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, Differential Tools and various differential forged/cast parts mainly for 4-wheel Drive and performance racing vehicles.
48GF Score

Get the complete analysis for BOM:544166

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

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