Rajesh Power Services (BOM:544291) Piotroski F-Score: 2 (As of Aug. 12, 2026) — 60% Below Median

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BOM:544291 Rajesh Power Services Ltd BOM:544291
18 GF Score
Price ₹850.60
! 3 Warning Signs
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What is Rajesh Power Services Piotroski F-Score?

Rajesh Power Services BOM:544291 +1.70% 18 Piotroski F-Score is 2 as of Aug. 12, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates BOM:544291 with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,736 Construction companies, Rajesh Power Services ranks worse than 93.49% 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

Rajesh Power Services 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 Rajesh Power Services's Piotroski F-Score or its related term are showing as below:

BOM:544291' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 6
Current: 2

During the past 5 years, the highest Piotroski F-Score of Rajesh Power Services was 6. The lowest was 2. And the median was 5.

Rajesh Power Services  (BOM:544291) 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.


Rajesh Power Services Piotroski F-Score Related Terms


Rajesh Power Services Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Rajesh Power Services'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.

Rajesh Power Services Piotroski F-Score Chart

Rajesh Power Services Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 6.00 5.00 2.00

Rajesh Power Services Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 6.00 0.00 5.00 0.00 2.00

BOM:544291 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Rajesh Power Services'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.


Rajesh Power Services Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Rajesh Power Services's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Rajesh Power Services's Piotroski F-Score falls into.


BOM:544291
18GF Score
Rajesh Power Services Ltd BOM:544291
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 ₹1,432 Mil.
Cash Flow from Operations was ₹-414 Mil.
Revenue was ₹16,279 Mil.
Gross Profit was ₹2,984 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (5385.727 + 9424.298) / 2 = ₹7405.0125 Mil.
Total Assets at the begining of this year (Mar25) was ₹5,386 Mil.
Long-Term Debt & Capital Lease Obligation was ₹456 Mil.
Total Current Assets was ₹5,796 Mil.
Total Current Liabilities was ₹4,808 Mil.
Net Income was ₹966 Mil.

Revenue was ₹10,721 Mil.
Gross Profit was ₹1,965 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2403.9 + 5385.727) / 2 = ₹3894.8135 Mil.
Total Assets at the begining of last year (Mar24) was ₹2,404 Mil.
Long-Term Debt & Capital Lease Obligation was ₹490 Mil.
Total Current Assets was ₹3,431 Mil.
Total Current Liabilities was ₹2,178 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.

Rajesh Power Services's current Net Income (TTM) was 1,432. ==> 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.

Rajesh Power Services's current Cash Flow from Operations (TTM) was -414. ==> 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)
=1431.994/5385.727
=0.26588685

ROA (Last Year)=Net Income/Total Assets (Mar24)
=966.322/2403.9
=0.40198095

Rajesh Power Services's return on assets of this year was 0.26588685. Rajesh Power Services's return on assets of last year was 0.40198095. ==> 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.

Rajesh Power Services's current Net Income (TTM) was 1,432. Rajesh Power Services's current Cash Flow from Operations (TTM) was -414. ==> -414 <= 1,432 ==> 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
=456.456/7405.0125
=0.06164149

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=489.579/3894.8135
=0.12570024

Rajesh Power Services's gearing of this year was 0.06164149. Rajesh Power Services's gearing of last year was 0.12570024. ==> 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
=5796.285/4807.912
=1.20557219

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3431.167/2177.746
=1.57555886

Rajesh Power Services's current ratio of this year was 1.20557219. Rajesh Power Services's current ratio of last year was 1.57555886. ==> 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.

Rajesh Power Services's number of shares in issue this year was 18.008. Rajesh Power Services's number of shares in issue last year was 16.173. ==> 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
=2984.394/16279.427
=0.18332304

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1965.385/10720.68
=0.18332652

Rajesh Power Services's gross margin of this year was 0.18332304. Rajesh Power Services's gross margin of last year was 0.18332652. ==> 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 (Mar25)
=16279.427/5385.727
=3.02269814

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=10720.68/2403.9
=4.45970298

Rajesh Power Services's asset turnover of this year was 3.02269814. Rajesh Power Services's asset turnover of last year was 4.45970298. ==> 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+1+0+0+0+0
=2

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

Rajesh Power Services 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?
Rajesh Power Services (BOM:544291) has a Piotroski F-Score of 2 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Rajesh Power Services and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Rajesh Power Services' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Rajesh Power Services ranks #1623 out of 1736 companies in the Construction industry, placing it in the top 93.5%.
Is Rajesh Power Services' Piotroski F-Score too high?
Rajesh Power Services' current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Construction industry median Piotroski F-Score is 5.00. Rajesh Power Services' value of 2 is 60% below this industry median. Based on the distribution chart, Rajesh Power Services ranks #1623 out of 1736 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Rajesh Power Services has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Rajesh Power Services' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Rajesh Power Services ranks #1623 out of 1736 companies for Piotroski F-Score. This places Rajesh Power Services in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Rajesh Power Services' value of 2 is 60% below this benchmark. Historically, Rajesh Power Services' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Rajesh Power Services 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 1,736 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. Rajesh Power Services'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 Rajesh Power Services 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. Rajesh Power Services's current Piotroski F-Score is 2, which is 60% 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 Rajesh Power Services stock overvalued right now?
Rajesh Power Services (BOM:544291) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Construction industry median of 5.00. Rajesh Power Services' overall GF Score™ is 18/100 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 Rajesh Power Services (BOM:544291), the current Piotroski F-Score is 2 as of Aug. 12, 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.

Rajesh Power Services Business Description

Address Off C.G. Road, 380/3, Siddhi House, Opp. Lal Bunglows, Behind Sasuji Dinning Hall, Navrangpura, Ahmedabad, GJ, IND, 380009
Rajesh Power Services Ltd offers services to the Renewable and Non-Renewable segment of Power sector. The company offers technical services to set up solar power plants and also works on Turnkey bases to build operate, and maintain solar power plants. Further in Non-Renewable power sector RPSL offers services which include the implementation of Turnkey projects for laying Extra High Voltage cables & transmission lines, setting up an Extra High Voltage (EHV) substation, and Design and implication of an underground power distribution system. The company also offers Operations and Maintenance which includes operating and maintaining solar plants and EHV substations. The company is also engaged in providing Utility Services to power plants and power transmission companies.
18GF Score

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

₹850.60
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