National Peroxide (BOM:544205) Piotroski F-Score: 7 (As of Aug. 06, 2026) — Near Median

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BOM:544205 National Peroxide Ltd BOM:544205
14 GF Score
Price ₹577.70
! 2 Warning Signs
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What is National Peroxide Piotroski F-Score?

National Peroxide BOM:544205 -1.23% 14 Piotroski F-Score is 7 as of Aug. 06, 2026, which is at its 10-year median of 7.00. GuruFocus rates BOM:544205 with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 1,561 Chemicals companies, National Peroxide ranks better than 89.75% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

National Peroxide has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

BOM:544205' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 7

During the past 6 years, the highest Piotroski F-Score of National Peroxide was 8. The lowest was 5. And the median was 7.

National Peroxide  (BOM:544205) 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.


National Peroxide Piotroski F-Score Related Terms


National Peroxide Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for National Peroxide'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.

National Peroxide Piotroski F-Score Chart

National Peroxide Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 8.00 6.00 5.00 7.00

National Peroxide Quarterly Data
Mar21 Mar22 Mar23 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 5.00 0.00 0.00 0.00 7.00

BOM:544205 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, National Peroxide'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.


National Peroxide Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, National Peroxide's Piotroski F-Score distribution charts can be found below:

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


BOM:544205
14GF Score
National Peroxide Ltd BOM:544205
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹110 Mil.
Cash Flow from Operations was ₹342 Mil.
Revenue was ₹2,897 Mil.
Gross Profit was ₹1,568 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (4417.207 + 4569.695) / 2 = ₹4493.451 Mil.
Total Assets at the begining of this year (Mar25) was ₹4,417 Mil.
Long-Term Debt & Capital Lease Obligation was ₹86 Mil.
Total Current Assets was ₹1,388 Mil.
Total Current Liabilities was ₹431 Mil.
Net Income was ₹-22 Mil.

Revenue was ₹2,869 Mil.
Gross Profit was ₹1,386 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (4593.263 + 4417.207) / 2 = ₹4505.235 Mil.
Total Assets at the begining of last year (Mar24) was ₹4,593 Mil.
Long-Term Debt & Capital Lease Obligation was ₹122 Mil.
Total Current Assets was ₹1,208 Mil.
Total Current Liabilities was ₹366 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.

National Peroxide's current Net Income (TTM) was 110. ==> 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.

National Peroxide's current Cash Flow from Operations (TTM) was 342. ==> 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)
=110.371/4417.207
=0.0249866

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-22.464/4593.263
=-0.00489064

National Peroxide's return on assets of this year was 0.0249866. National Peroxide's return on assets of last year was -0.00489064. ==> 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.

National Peroxide's current Net Income (TTM) was 110. National Peroxide's current Cash Flow from Operations (TTM) was 342. ==> 342 > 110 ==> CFROA > ROA ==> Score 1.

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
=86.266/4493.451
=0.01919816

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=122.095/4505.235
=0.0271007

National Peroxide's gearing of this year was 0.01919816. National Peroxide's gearing of last year was 0.0271007. ==> 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
=1388.025/431.104
=3.21969873

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1208.139/366.163
=3.2994568

National Peroxide's current ratio of this year was 3.21969873. National Peroxide's current ratio of last year was 3.2994568. ==> 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.

National Peroxide's number of shares in issue this year was 5.748. National Peroxide's number of shares in issue last year was 5.745. ==> 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
=1567.987/2897.114
=0.54122378

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1386.232/2868.74
=0.48321981

National Peroxide's gross margin of this year was 0.54122378. National Peroxide's gross margin of last year was 0.48321981. ==> 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)
=2897.114/4417.207
=0.6558701

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2868.74/4593.263
=0.62455383

National Peroxide's asset turnover of this year was 0.6558701. National Peroxide's asset turnover of last year was 0.62455383. ==> 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+1+1+1+1+0+0+1+1
=7

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

National Peroxide has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
National Peroxide (BOM:544205) has a Piotroski F-Score of 7 as of Aug. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on National Peroxide and its competitors. This is near median its historical median of 7.00. Over the past decade, National Peroxide's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, National Peroxide ranks #160 out of 1561 companies in the Chemicals industry, placing it in the top 10.2%.
Is National Peroxide's Piotroski F-Score too high?
National Peroxide's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. National Peroxide's value of 7 is 40% above this industry median. Based on the distribution chart, National Peroxide ranks #160 out of 1561 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, National Peroxide has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does National Peroxide's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, National Peroxide ranks #160 out of 1561 companies for Piotroski F-Score. This places National Peroxide in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. National Peroxide's value of 7 is 40% above this benchmark. Historically, National Peroxide's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, National Peroxide has consistently been above 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,561 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. National Peroxide's current Piotroski F-Score of 7 is 40% above 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 National Peroxide and its competitors. For the Chemicals 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. National Peroxide's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Peroxide stock overvalued right now?
National Peroxide (BOM:544205) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Chemicals industry median of 5.00. National Peroxide's overall GF Score™ is 14/100 with 2 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 National Peroxide (BOM:544205), the current Piotroski F-Score is 7 as of Aug. 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.

National Peroxide Business Description

Address J.N. Heredia Marg, Neville House, Ballard Estate, Mumbai, MH, IND, 400001
National Peroxide Ltd is a company that manufactures Hydrogen Peroxide. The company also produces Compressed Hydrogen Gas and Peracetic Acid. The company is engaged in only one segment viz Manufacturing of peroxygens. It generates the majority of its revenue from within India.
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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