Enviro Infra Engineers (BOM:544290) Piotroski F-Score: 2 (As of Jul. 30, 2026) — 50% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:544290 Enviro Infra Engineers Ltd BOM:544290
48 GF Score
Price ₹216.00
! 3 Warning Signs
View Full Analysis

What is Enviro Infra Engineers Piotroski F-Score?

Enviro Infra Engineers BOM:544290 -0.28% 48 Piotroski F-Score is 2 as of Jul. 30, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates BOM:544290 with a GF Score™ of 48/100. The stock has 3 warning signs investors should review. Among 1,728 Construction companies, Enviro Infra Engineers ranks worse than 93% on this metric.

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Enviro Infra Engineers has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

BOM:544290' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 5
Current: 2

During the past 6 years, the highest Piotroski F-Score of Enviro Infra Engineers was 5. The lowest was 2. And the median was 4.

Enviro Infra Engineers  (BOM:544290) 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.


Enviro Infra Engineers Piotroski F-Score Related Terms


Enviro Infra Engineers Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Enviro Infra Engineers'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.

Enviro Infra Engineers Piotroski F-Score Chart

Enviro Infra Engineers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A 5.00 2.00

Enviro Infra Engineers Quarterly Data
Mar21 Mar22 Mar23 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 5.00 5.00 N/A N/A 2.00

BOM:544290 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Enviro Infra Engineers'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.


Enviro Infra Engineers Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Enviro Infra Engineers's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Enviro Infra Engineers's Piotroski F-Score falls into.


BOM:544290
48GF Score
Enviro Infra Engineers Ltd BOM:544290
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 418.962 + 487.167 + 404.095 + 519.236 = ₹1,829 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0 Mil.
Revenue was 2409.202 + 2273.479 + 2500.178 + 4273.137 = ₹11,456 Mil.
Gross Profit was 860.153 + 893.51 + 945.036 + 1112.893 = ₹3,812 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(14983.438 + 0 + 15748.346 + 0 + 20422.288) / 5 = ₹17051.35733333 Mil.
Total Assets at the begining of this year (Mar25) was ₹14,983 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,473 Mil.
Total Current Assets was ₹13,640 Mil.
Total Current Liabilities was ₹5,338 Mil.
Net Income was 307.777 + 355.804 + 367.028 + 732.417 = ₹1,763 Mil.

Revenue was 2051.802 + 2130.146 + 2474.53 + 3929.163 = ₹10,586 Mil.
Gross Profit was 701.668 + 701.868 + 701.051 + 1230.157 = ₹3,335 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(7611.918 + 8128.727 + 0 + 0 + 14983.438) / 5 = ₹10241.361 Mil.
Total Assets at the begining of last year (Mar24) was ₹7,612 Mil.
Long-Term Debt & Capital Lease Obligation was ₹983 Mil.
Total Current Assets was ₹12,235 Mil.
Total Current Liabilities was ₹3,983 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.

Enviro Infra Engineers's current Net Income (TTM) was 1,829. ==> 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.

Enviro Infra Engineers's current Cash Flow from Operations (TTM) was 0. ==> 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)
=1829.46/14983.438
=0.12209881

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1763.026/7611.918
=0.2316139

Enviro Infra Engineers's return on assets of this year was 0.12209881. Enviro Infra Engineers's return on assets of last year was 0.2316139. ==> 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.

Enviro Infra Engineers's current Net Income (TTM) was 1,829. Enviro Infra Engineers's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 1,829 ==> 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
=2472.75/17051.35733333
=0.14501778

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=982.646/10241.361
=0.09594877

Enviro Infra Engineers's gearing of this year was 0.14501778. Enviro Infra Engineers's gearing of last year was 0.09594877. ==> 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
=13639.637/5337.738
=2.55532156

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=12234.868/3982.803
=3.07192397

Enviro Infra Engineers's current ratio of this year was 2.55532156. Enviro Infra Engineers's current ratio of last year was 3.07192397. ==> 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.

Enviro Infra Engineers's number of shares in issue this year was 175.418. Enviro Infra Engineers's number of shares in issue last year was 149.779. ==> 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
=3811.592/11455.996
=0.3327159

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3334.744/10585.641
=0.31502523

Enviro Infra Engineers's gross margin of this year was 0.3327159. Enviro Infra Engineers's gross margin of last year was 0.31502523. ==> 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)
=11455.996/14983.438
=0.76457726

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=10585.641/7611.918
=1.39066672

Enviro Infra Engineers's asset turnover of this year was 0.76457726. Enviro Infra Engineers's asset turnover of last year was 1.39066672. ==> 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+0+0+0+1+0
=2

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

Enviro Infra Engineers has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Enviro Infra Engineers (BOM:544290) has a Piotroski F-Score of 2 as of Jul. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Enviro Infra Engineers and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Enviro Infra Engineers' Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Enviro Infra Engineers ranks #1607 out of 1728 companies in the Construction industry, placing it in the top 93%.
Is Enviro Infra Engineers' Piotroski F-Score too high?
Enviro Infra Engineers' current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Construction industry median Piotroski F-Score is 5.00. Enviro Infra Engineers' value of 2 is 60% below this industry median. Based on the distribution chart, Enviro Infra Engineers ranks #1607 out of 1728 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Enviro Infra Engineers has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Enviro Infra Engineers' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Enviro Infra Engineers ranks #1607 out of 1728 companies for Piotroski F-Score. This places Enviro Infra Engineers in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Enviro Infra Engineers' value of 2 is 60% below this benchmark. Historically, Enviro Infra Engineers' own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Enviro Infra Engineers 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. Enviro Infra Engineers's current Piotroski F-Score of 2 is 60% 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 Enviro Infra Engineers 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. Enviro Infra Engineers's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enviro Infra Engineers stock overvalued right now?
Enviro Infra Engineers (BOM:544290) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Construction industry median of 5.00. Enviro Infra Engineers' overall GF Score™ is 48/100 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 Enviro Infra Engineers (BOM:544290), the current Piotroski F-Score is 2 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.

Enviro Infra Engineers Business Description

Other Exchanges EIEL:India
Address R.G. Metro Arcade, Sector -11, Unit No 201, Second Floor, Plot No. B, CSC/OCF-01, Rohini, Delhi North West, Delhi, IND, 110085
Enviro Infra Engineers Ltd is engaged in the business of designing, constructing, operating, and maintaining Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for various government authorities and bodies across India. Its core services encompass a wide range of infrastructure solutions, including Sewage Treatment Plants (STPs), Sewerage Schemes (SS), Common Effluent Treatment Plants (CETPs), Water Treatment Plants (WTPs), along with associated pumping stations and water pipeline networks. The Company has only one reportable business segment, which is Construction and allied services.
48GF Score

Get the complete analysis for BOM:544290

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

₹216.00
Price