Shlokka Dyes (BOM:544582) Piotroski F-Score: 4 (As of Jul. 30, 2026) — 20% Below Median

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BOM:544582 Shlokka Dyes Ltd BOM:544582
16 GF Score
Price ₹22.20
! 9 Warning Signs
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What is Shlokka Dyes Piotroski F-Score?

Shlokka Dyes BOM:544582 -4.15% 16 Piotroski F-Score is 4 as of Jul. 30, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates BOM:544582 with a GF Score™ of 16/100. The stock has 9 warning signs investors should review. Among 1,558 Chemicals companies, Shlokka Dyes ranks worse than 65.66% 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

Shlokka Dyes 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 Shlokka Dyes's Piotroski F-Score or its related term are showing as below:

BOM:544582' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 4

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

Shlokka Dyes  (BOM:544582) 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.


Shlokka Dyes Piotroski F-Score Related Terms


Shlokka Dyes Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shlokka Dyes'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.

Shlokka Dyes Piotroski F-Score Chart

Shlokka Dyes Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 6.00 4.00

Shlokka Dyes Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Piotroski F-Score N/A N/A 6.00 4.00

BOM:544582 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Shlokka Dyes'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.


Shlokka Dyes Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shlokka Dyes's Piotroski F-Score distribution charts can be found below:

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


BOM:544582
16GF Score
Shlokka Dyes Ltd BOM:544582
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 ₹49.6 Mil.
Cash Flow from Operations was ₹-466.7 Mil.
Revenue was ₹819.4 Mil.
Gross Profit was ₹140.6 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (915.83 + 1312.752) / 2 = ₹1114.291 Mil.
Total Assets at the begining of this year (Mar25) was ₹915.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₹104.8 Mil.
Total Current Assets was ₹1,117.5 Mil.
Total Current Liabilities was ₹354.1 Mil.
Net Income was ₹100.4 Mil.

Revenue was ₹1,034.3 Mil.
Gross Profit was ₹203.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (671.911 + 915.83) / 2 = ₹793.8705 Mil.
Total Assets at the begining of last year (Mar24) was ₹671.9 Mil.
Long-Term Debt & Capital Lease Obligation was ₹121.3 Mil.
Total Current Assets was ₹698.5 Mil.
Total Current Liabilities was ₹521.9 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.

Shlokka Dyes's current Net Income (TTM) was 49.6. ==> 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.

Shlokka Dyes's current Cash Flow from Operations (TTM) was -466.7. ==> 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)
=49.596/915.83
=0.05415416

ROA (Last Year)=Net Income/Total Assets (Mar24)
=100.42/671.911
=0.14945432

Shlokka Dyes's return on assets of this year was 0.05415416. Shlokka Dyes's return on assets of last year was 0.14945432. ==> 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.

Shlokka Dyes's current Net Income (TTM) was 49.6. Shlokka Dyes's current Cash Flow from Operations (TTM) was -466.7. ==> -466.7 <= 49.6 ==> 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
=104.829/1114.291
=0.09407686

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=121.266/793.8705
=0.15275287

Shlokka Dyes's gearing of this year was 0.09407686. Shlokka Dyes's gearing of last year was 0.15275287. ==> 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
=1117.504/354.079
=3.15608664

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=698.539/521.935
=1.33836397

Shlokka Dyes's current ratio of this year was 3.15608664. Shlokka Dyes's current ratio of last year was 1.33836397. ==> 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.

Shlokka Dyes's number of shares in issue this year was 21.378. Shlokka Dyes's number of shares in issue last year was 21.409. ==> 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
=140.555/819.413
=0.17153133

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=203.211/1034.262
=0.19647923

Shlokka Dyes's gross margin of this year was 0.17153133. Shlokka Dyes's gross margin of last year was 0.19647923. ==> 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)
=819.413/915.83
=0.89472173

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1034.262/671.911
=1.53928422

Shlokka Dyes's asset turnover of this year was 0.89472173. Shlokka Dyes's asset turnover of last year was 1.53928422. ==> 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

Shlokka Dyes 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?
Shlokka Dyes (BOM:544582) has a Piotroski F-Score of 4 as of Jul. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shlokka Dyes and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Shlokka Dyes' Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Shlokka Dyes ranks #1023 out of 1558 companies in the Chemicals industry, placing it in the top 65.7%.
Is Shlokka Dyes' Piotroski F-Score too high?
Shlokka Dyes' current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 6.00. The Chemicals industry median Piotroski F-Score is 5.00. Shlokka Dyes' value of 4 is 20% below this industry median. Based on the distribution chart, Shlokka Dyes ranks #1023 out of 1558 companies in the Chemicals industry, which is below the industry midpoint. Overall, Shlokka Dyes has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Shlokka Dyes' Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shlokka Dyes ranks #1023 out of 1558 companies for Piotroski F-Score. This places Shlokka Dyes in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Shlokka Dyes' value of 4 is 20% below this benchmark. Historically, Shlokka Dyes' own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Shlokka Dyes 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 1,558 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. Shlokka Dyes'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 Shlokka Dyes 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. Shlokka Dyes's current Piotroski F-Score is 4, which is 20% 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 Shlokka Dyes stock overvalued right now?
Shlokka Dyes (BOM:544582) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Chemicals industry median of 5.00. Shlokka Dyes' overall GF Score™ is 16/100 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 Shlokka Dyes (BOM:544582), the current Piotroski F-Score is 4 as of Jul. 30, 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.

Shlokka Dyes Business Description

Address Shed No C/42/1, GIDC Estate Near Fire Station, Opposite Ambika Nagar, Ahmedabad, GJ, IND, 382415
Shlokka Dyes Ltd is is engaged in the business of manufacturing of Reactive Dyes, a category of Synthetic Organic Dyes extensively utilized in the textile industry. Its diverse portfolio of dyes, including Direct Dyes, Basic Dyes, Vat Dyes, Digital Printing Dyes, and Paper Dyes etc., catering to wide range of industries such as textiles, leather, paper, and paints etc., the company's Reactive Dyes are available in primary colors such as black, blue, red, orange, and yellow, along with numerous variants of these shades, each identified by an internationally recognized Color Index Number.
16GF Score

Get the complete analysis for BOM:544582

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

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