Solarium Green Energy (BOM:544354) Piotroski F-Score: 2 (As of Aug. 26, 2026) — 60% Below Median

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BOM:544354 Solarium Green Energy Ltd BOM:544354
17 GF Score
Price ₹150.85
! 6 Warning Signs
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What is Solarium Green Energy Piotroski F-Score?

Solarium Green Energy BOM:544354 -0.76% 17 Piotroski F-Score is 2 as of Aug. 26, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates BOM:544354 with a GF Score™ of 17/100. The stock has 6 warning signs investors should review. Among 982 Semiconductors companies, Solarium Green Energy ranks worse than 93.89% 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

Solarium Green Energy 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 Solarium Green Energy's Piotroski F-Score or its related term are showing as below:

BOM:544354' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 2

During the past 5 years, the highest Piotroski F-Score of Solarium Green Energy was 7. The lowest was 2. And the median was 5.

Solarium Green Energy  (BOM:544354) 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.


Solarium Green Energy Piotroski F-Score Related Terms


Solarium Green Energy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Solarium Green Energy'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.

Solarium Green Energy Piotroski F-Score Chart

Solarium Green Energy Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 7.00 5.00 2.00

Solarium Green Energy Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 7.00 0.00 5.00 0.00 2.00

BOM:544354 vs FSLR, NXT, ENPH: Piotroski F-Score Comparison

For the Solar subindustry, Solarium Green Energy'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.


Solarium Green Energy Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Solarium Green Energy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Solarium Green Energy's Piotroski F-Score falls into.


BOM:544354
17GF Score
Solarium Green Energy Ltd BOM:544354
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 ₹205 Mil.
Cash Flow from Operations was ₹183 Mil.
Revenue was ₹3,682 Mil.
Gross Profit was ₹1,061 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (2344.241 + 4590.808) / 2 = ₹3467.5245 Mil.
Total Assets at the begining of this year (Mar25) was ₹2,344 Mil.
Long-Term Debt & Capital Lease Obligation was ₹394 Mil.
Total Current Assets was ₹3,580 Mil.
Total Current Liabilities was ₹2,523 Mil.
Net Income was ₹186 Mil.

Revenue was ₹2,301 Mil.
Gross Profit was ₹784 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (780.978 + 2344.241) / 2 = ₹1562.6095 Mil.
Total Assets at the begining of last year (Mar24) was ₹781 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3 Mil.
Total Current Assets was ₹2,234 Mil.
Total Current Liabilities was ₹925 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.

Solarium Green Energy's current Net Income (TTM) was 205. ==> 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.

Solarium Green Energy's current Cash Flow from Operations (TTM) was 183. ==> 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)
=204.633/2344.241
=0.08729179

ROA (Last Year)=Net Income/Total Assets (Mar24)
=185.862/780.978
=0.23798622

Solarium Green Energy's return on assets of this year was 0.08729179. Solarium Green Energy's return on assets of last year was 0.23798622. ==> 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.

Solarium Green Energy's current Net Income (TTM) was 205. Solarium Green Energy's current Cash Flow from Operations (TTM) was 183. ==> 183 <= 205 ==> 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
=393.867/3467.5245
=0.11358737

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3.231/1562.6095
=0.0020677

Solarium Green Energy's gearing of this year was 0.11358737. Solarium Green Energy's gearing of last year was 0.0020677. ==> 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
=3580.259/2523.134
=1.41897299

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2234.125/924.502
=2.4165713

Solarium Green Energy's current ratio of this year was 1.41897299. Solarium Green Energy's current ratio of last year was 2.4165713. ==> 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.

Solarium Green Energy's number of shares in issue this year was 20.966. Solarium Green Energy's number of shares in issue last year was 15.954. ==> 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
=1061.497/3681.51
=0.28833196

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=783.92/2300.764
=0.3407216

Solarium Green Energy's gross margin of this year was 0.28833196. Solarium Green Energy's gross margin of last year was 0.3407216. ==> 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)
=3681.51/2344.241
=1.5704486

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2300.764/780.978
=2.9460036

Solarium Green Energy's asset turnover of this year was 1.5704486. Solarium Green Energy's asset turnover of last year was 2.9460036. ==> 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+0+0
=2

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

Solarium Green Energy 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?
Solarium Green Energy (BOM:544354) has a Piotroski F-Score of 2 as of Aug. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Solarium Green Energy and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Solarium Green Energy's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Solarium Green Energy ranks #922 out of 982 companies in the Semiconductors industry, placing it in the top 93.9%.
Is Solarium Green Energy's Piotroski F-Score too high?
Solarium Green Energy's 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 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. Solarium Green Energy's value of 2 is 60% below this industry median. Based on the distribution chart, Solarium Green Energy ranks #922 out of 982 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Solarium Green Energy has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Solarium Green Energy's Piotroski F-Score compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Solarium Green Energy ranks #922 out of 982 companies for Piotroski F-Score. This places Solarium Green Energy in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Solarium Green Energy's value of 2 is 60% below this benchmark. Historically, Solarium Green Energy's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Solarium Green Energy 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 982 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. Solarium Green Energy'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 Solarium Green Energy and its competitors. For the Semiconductors 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. Solarium Green Energy'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 Solarium Green Energy stock overvalued right now?
Solarium Green Energy (BOM:544354) 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 Semiconductors industry median of 5.00. Solarium Green Energy's overall GF Score™ is 17/100 with 6 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 Solarium Green Energy (BOM:544354), the current Piotroski F-Score is 2 as of Aug. 26, 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.

Solarium Green Energy Business Description

Address B-1208 World Trade Tower, B/h Skoda Showroom, Makarba, Ahmedabad, GJ, IND, 380051
Solarium Green Energy Ltd provides Turnkey Solar Solutions which involves design, engineering, procurement & supply, construction & erection, testing, commissioning, associated transmission system and comprehensive Operation & Maintenance (O&M) of solar power plants. Its projects, includes Residential rooftop projects, Commercial and Industrial (C&I) roof top and Ground Mounted projects, as well as Government Projects. The company is engaged in Residential Rooftop & Government EPC as well as C & I and Ground mount Solar Project as key segment.
17GF Score

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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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