Yash Highvoltage (BOM:544310) Piotroski F-Score: 3 (As of Jul. 21, 2026) — 50% Below Median

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BOM:544310 Yash Highvoltage Ltd BOM:544310
21 GF Score
Price ₹906.00
! 8 Warning Signs
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What is Yash Highvoltage Piotroski F-Score?

Yash Highvoltage BOM:544310 -3.27% 21 Piotroski F-Score is 3 as of Jul. 21, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates BOM:544310 with a GF Score™ of 21/100. The stock has 8 warning signs investors should review. Among 2,972 Industrial Products companies, Yash Highvoltage ranks worse than 82.3% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Yash Highvoltage has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

BOM:544310' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 3

During the past 5 years, the highest Piotroski F-Score of Yash Highvoltage was 8. The lowest was 3. And the median was 6.

Yash Highvoltage  (BOM:544310) 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.


Yash Highvoltage Piotroski F-Score Related Terms


Yash Highvoltage Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Yash Highvoltage'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.

Yash Highvoltage Piotroski F-Score Chart

Yash Highvoltage Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 6.00 8.00 3.00

Yash Highvoltage Semi-Annual Data
Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 6.00 0.00 8.00 0.00 3.00

BOM:544310 vs VRT, BE: Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, Yash Highvoltage'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.


Yash Highvoltage Piotroski F-Score vs Industrial Products Industry

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

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


BOM:544310
21GF Score
Yash Highvoltage Ltd BOM:544310
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 ₹373 Mil.
Cash Flow from Operations was ₹88 Mil.
Revenue was ₹2,352 Mil.
Gross Profit was ₹1,098 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (2026.774 + 2644.184) / 2 = ₹2335.479 Mil.
Total Assets at the begining of this year (Mar25) was ₹2,027 Mil.
Long-Term Debt & Capital Lease Obligation was ₹121 Mil.
Total Current Assets was ₹1,324 Mil.
Total Current Liabilities was ₹677 Mil.
Net Income was ₹214 Mil.

Revenue was ₹1,496 Mil.
Gross Profit was ₹677 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (705.949 + 2026.774) / 2 = ₹1366.3615 Mil.
Total Assets at the begining of last year (Mar24) was ₹706 Mil.
Long-Term Debt & Capital Lease Obligation was ₹63 Mil.
Total Current Assets was ₹1,380 Mil.
Total Current Liabilities was ₹480 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.

Yash Highvoltage's current Net Income (TTM) was 373. ==> 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.

Yash Highvoltage's current Cash Flow from Operations (TTM) was 88. ==> 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)
=373.232/2026.774
=0.18415077

ROA (Last Year)=Net Income/Total Assets (Mar24)
=214.471/705.949
=0.30380523

Yash Highvoltage's return on assets of this year was 0.18415077. Yash Highvoltage's return on assets of last year was 0.30380523. ==> 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.

Yash Highvoltage's current Net Income (TTM) was 373. Yash Highvoltage's current Cash Flow from Operations (TTM) was 88. ==> 88 <= 373 ==> 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
=120.907/2335.479
=0.05176968

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=63.478/1366.3615
=0.04645769

Yash Highvoltage's gearing of this year was 0.05176968. Yash Highvoltage's gearing of last year was 0.04645769. ==> 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
=1324.49/677.093
=1.95614192

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1380.169/479.529
=2.87817629

Yash Highvoltage's current ratio of this year was 1.95614192. Yash Highvoltage's current ratio of last year was 2.87817629. ==> 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.

Yash Highvoltage's number of shares in issue this year was 28.821. Yash Highvoltage's number of shares in issue last year was 23.99. ==> 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
=1098.048/2351.608
=0.46693497

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=676.906/1495.738
=0.45255653

Yash Highvoltage's gross margin of this year was 0.46693497. Yash Highvoltage's gross margin of last year was 0.45255653. ==> 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)
=2351.608/2026.774
=1.16027145

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1495.738/705.949
=2.11876212

Yash Highvoltage's asset turnover of this year was 1.16027145. Yash Highvoltage's asset turnover of last year was 2.11876212. ==> 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+0+1+0
=3

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

Yash Highvoltage has an F-score of 3. 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 3 mean?
Yash Highvoltage (BOM:544310) has a Piotroski F-Score of 3 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Yash Highvoltage and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Yash Highvoltage's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Yash Highvoltage ranks #2446 out of 2972 companies in the Industrial Products industry, placing it in the top 82.3%.
Is Yash Highvoltage's Piotroski F-Score too high?
Yash Highvoltage's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Yash Highvoltage's value of 3 is 40% below this industry median. Based on the distribution chart, Yash Highvoltage ranks #2446 out of 2972 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Yash Highvoltage has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Yash Highvoltage's Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Yash Highvoltage ranks #2446 out of 2972 companies for Piotroski F-Score. This places Yash Highvoltage in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Yash Highvoltage's value of 3 is 40% below this benchmark. Historically, Yash Highvoltage's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Yash Highvoltage 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,972 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. Yash Highvoltage's current Piotroski F-Score of 3 is 40% 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 Yash Highvoltage and its competitors. For the Industrial Products 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. Yash Highvoltage's current Piotroski F-Score is 3, which is 50% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yash Highvoltage stock overvalued right now?
Yash Highvoltage (BOM:544310) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Industrial Products industry median of 5.00. Yash Highvoltage's overall GF Score™ is 21/100 with 8 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 Yash Highvoltage (BOM:544310), the current Piotroski F-Score is 3 as of Jul. 21, 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.

Yash Highvoltage Business Description

Address Dr. Vikram Sarabhai Marg, 601-603, 6th floor, Ozone Complex, Sarabhai Compound, Subhanpura, Vadodara, GJ, IND, 390023
Yash Highvoltage Ltd is engaged in the manufacturing and distribution of transformer bushings - Oil Impregnated Paper [OIP] condenser bushing, Resin Impregnated Paper [RIP]/Resin Impregnated Synthetic [RIS] condenser bushing, High Voltage and High Current bushing, OIP Wall bushing and Oil to Oil bushing. It also undertakes repairing, retrofitting and replacement services of old bushings.
21GF Score

Get the complete analysis for BOM:544310

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

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