Swastika Castal (BOM:544452) Piotroski F-Score: 4 (As of Aug. 16, 2026) — 33% Below Median

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BOM:544452 Swastika Castal Ltd BOM:544452
16 GF Score
Price ₹80.34
! 3 Warning Signs
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What is Swastika Castal Piotroski F-Score?

Swastika Castal BOM:544452 16 Piotroski F-Score is 4 as of Aug. 16, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates BOM:544452 with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 2,504 Metals & Mining companies, Swastika Castal ranks better than 77.96% 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

Swastika Castal 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 Swastika Castal's Piotroski F-Score or its related term are showing as below:

BOM:544452' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 5 years, the highest Piotroski F-Score of Swastika Castal was 8. The lowest was 4. And the median was 6.

Swastika Castal  (BOM:544452) 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.


Swastika Castal Piotroski F-Score Related Terms


Swastika Castal Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Swastika Castal'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.

Swastika Castal Piotroski F-Score Chart

Swastika Castal Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 6.00 8.00 4.00

Swastika Castal Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 6.00 0.00 8.00 0.00 4.00

BOM:544452 vs AA: Piotroski F-Score Comparison

For the Aluminum subindustry, Swastika Castal'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.


Swastika Castal Piotroski F-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Swastika Castal's Piotroski F-Score distribution charts can be found below:

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


BOM:544452
16GF Score
Swastika Castal Ltd BOM:544452
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 ₹32.8 Mil.
Cash Flow from Operations was ₹-77.2 Mil.
Revenue was ₹353.5 Mil.
Gross Profit was ₹84.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (308.294 + 435.796) / 2 = ₹372.045 Mil.
Total Assets at the begining of this year (Mar25) was ₹308.3 Mil.
Long-Term Debt & Capital Lease Obligation was ₹18.3 Mil.
Total Current Assets was ₹289.4 Mil.
Total Current Liabilities was ₹144.8 Mil.
Net Income was ₹43.4 Mil.

Revenue was ₹301.4 Mil.
Gross Profit was ₹76.9 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (238.208 + 308.294) / 2 = ₹273.251 Mil.
Total Assets at the begining of last year (Mar24) was ₹238.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹19.2 Mil.
Total Current Assets was ₹207.9 Mil.
Total Current Liabilities was ₹170.3 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.

Swastika Castal's current Net Income (TTM) was 32.8. ==> 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.

Swastika Castal's current Cash Flow from Operations (TTM) was -77.2. ==> 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)
=32.818/308.294
=0.10645034

ROA (Last Year)=Net Income/Total Assets (Mar24)
=43.444/238.208
=0.18237843

Swastika Castal's return on assets of this year was 0.10645034. Swastika Castal's return on assets of last year was 0.18237843. ==> 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.

Swastika Castal's current Net Income (TTM) was 32.8. Swastika Castal's current Cash Flow from Operations (TTM) was -77.2. ==> -77.2 <= 32.8 ==> 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
=18.345/372.045
=0.04930855

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=19.158/273.251
=0.07011136

Swastika Castal's gearing of this year was 0.04930855. Swastika Castal's gearing of last year was 0.07011136. ==> 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
=289.363/144.785
=1.99857029

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=207.88/170.275
=1.22084863

Swastika Castal's current ratio of this year was 1.99857029. Swastika Castal's current ratio of last year was 1.22084863. ==> 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.

Swastika Castal's number of shares in issue this year was 8.164. Swastika Castal's number of shares in issue last year was 8.164. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=83.982/353.541
=0.23754529

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=76.871/301.418
=0.25503122

Swastika Castal's gross margin of this year was 0.23754529. Swastika Castal's gross margin of last year was 0.25503122. ==> 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)
=353.541/308.294
=1.14676575

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=301.418/238.208
=1.26535633

Swastika Castal's asset turnover of this year was 1.14676575. Swastika Castal's asset turnover of last year was 1.26535633. ==> 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+1+1+0+0
=4

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

Swastika Castal has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Swastika Castal (BOM:544452) has a Piotroski F-Score of 4 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Swastika Castal and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Swastika Castal's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Swastika Castal ranks #552 out of 2504 companies in the Metals & Mining industry, placing it in the top 22%.
Is Swastika Castal's Piotroski F-Score too high?
Swastika Castal's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Swastika Castal's value of 4 is 33.3% above this industry median. Based on the distribution chart, Swastika Castal ranks #552 out of 2504 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Swastika Castal has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Swastika Castal's Piotroski F-Score compare to AA?
According to the Metals & Mining industry distribution chart, Swastika Castal ranks #552 out of 2504 companies for Piotroski F-Score. This places Swastika Castal in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Swastika Castal's value of 4 is 33.3% above this benchmark. Historically, Swastika Castal's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, Swastika Castal has consistently been above 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,504 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. Swastika Castal's current Piotroski F-Score of 4 is 33.3% above 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 Swastika Castal and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swastika Castal's current Piotroski F-Score is 4, which is 33% 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 Swastika Castal stock overvalued right now?
Swastika Castal (BOM:544452) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 33.3% above the Metals & Mining industry median of 3.00. Swastika Castal's overall GF Score™ is 16/100 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 Swastika Castal (BOM:544452), the current Piotroski F-Score is 4 as of Aug. 16, 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.

Swastika Castal Business Description

Address Vemardi Road, Block -535, Karjan, Vadodara, GJ, IND, 391210
Swastika Castal Ltd is engaged in aluminum casting and manufacturing through its diverse production capabilities. Its sand-casting operations handle High weight and Integrated casting production, capable of manufacturing components up to 250 kgs. The company's gravity casting (permanent mold casting) facility produces components up to 80 kgs, offering superior surface finish and dimensional accuracy. The Company is known for it's centrifugal casting process handles can handle weights upto 70 Kgs.
16GF Score

Get the complete analysis for BOM:544452

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

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