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Citichem IndiaBOM:544324 31 Piotroski F-Score is 4 as of Aug. 11, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates BOM:544324 with a GF Score™ of 31/100. The stock has 9 warning signs investors should review. Among 1,564 Chemicals companies, Citichem India ranks worse than 65.41% 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
Citichem India 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 Citichem India's Piotroski F-Score or its related term are showing as below:
BOM:544324'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 7
Current: 4
During the past 6 years, the highest Piotroski F-Score of Citichem India was 7. The lowest was 4. And the median was 7.
Citichem India (BOM:544324) 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.
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.
Citichem India Piotroski F-Score Related Terms
Citichem India Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Citichem India'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.
BOM:544324 vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Citichem India'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.
Citichem India Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Citichem India's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Citichem India's Piotroski F-Score falls into.
* 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.
*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.
Citichem India's current Net Income (TTM) was 10.01.
==> 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.
Citichem India's return on assets of this year was 0.01432124. Citichem India's return on assets of last year was 0.01772307.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Citichem India's gearing of this year was 0. Citichem India's gearing of last year was 0.00887313.
==> 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
Citichem India's current ratio of this year was 1.3671487. Citichem India's current ratio of last year was 1.26685729.
==> This year's current ratio is higher. ==> Score 1.
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.
Citichem India's number of shares in issue this year was 6.812. Citichem India's number of shares in issue last year was 4.995.
==> 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.
Citichem India's gross margin of this year was -0.10695069. Citichem India's gross margin of last year was -1.64639965.
==> 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
Citichem India's asset turnover of this year was 0.13554983. Citichem India's asset turnover of last year was 0.2696671.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Citichem India has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Citichem India (BOM:544324) has a Piotroski F-Score of 4 as of Aug. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Citichem India and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, Citichem India's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Citichem India ranks #1023 out of 1564 companies in the Chemicals industry, placing it in the top 65.4%.
Is Citichem India's Piotroski F-Score too high?
Citichem India's current Piotroski F-Score of 4 is 43% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Chemicals industry median Piotroski F-Score is 5.00. Citichem India's value of 4 is 20% below this industry median. Based on the distribution chart, Citichem India ranks #1023 out of 1564 companies in the Chemicals industry, which is below the industry midpoint. Overall, Citichem India has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Citichem India's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Citichem India ranks #1023 out of 1564 companies for Piotroski F-Score. This places Citichem India in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Citichem India's value of 4 is 20% below this benchmark. Historically, Citichem India's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Citichem India 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,564 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. Citichem India'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 Citichem India 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. Citichem India's current Piotroski F-Score is 4, which is 43% below 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 Citichem India stock overvalued right now?
Citichem India (BOM:544324) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 43% below median its 10-year median of 7.00 and 20% below the Chemicals industry median of 5.00. Citichem India's overall GF Score™ is 31/100 with 9 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 Citichem India (BOM:544324), the current Piotroski F-Score is 4 as of Aug. 11, 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.
Citichem India Ltd is engaged in the buying, procuring, and supplying of organic and inorganic chemicals, and food chemicals. The company is also engaged in recycling plastic waste. The products of the company include caustic soda flakes, caustic SDA lye, soda ash light, acetic acid, monosodium glutamate, and others. The Company also supplies food preventives and chemicals under its brand name.
31GF Score
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