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Narmadesh Brass IndustriesBOM:544680 14 Piotroski F-Score is 2 as of Jul. 26, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates BOM:544680 with a GF Score™ of 14/100. The stock has 4 warning signs investors should review. Among 2,972 Industrial Products companies, Narmadesh Brass Industries ranks worse than 93.03% 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
Narmadesh Brass Industries 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 Narmadesh Brass Industries's Piotroski F-Score or its related term are showing as below:
BOM:544680'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 6
Current: 2
During the past 4 years, the highest Piotroski F-Score of Narmadesh Brass Industries was 6. The lowest was 2. And the median was 4.
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.
Narmadesh Brass Industries Piotroski F-Score Related Terms
Narmadesh Brass Industries Piotroski F-Score Historical Data
* 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:544680 vs CRS, ATI, MLI: Piotroski F-Score Comparison
For the Metal Fabrication subindustry, Narmadesh Brass Industries'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.
Narmadesh Brass Industries Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Narmadesh Brass Industries's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Narmadesh Brass Industries'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.
Narmadesh Brass Industries's current Net Income (TTM) was 35.5.
==> 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.
Narmadesh Brass Industries's current Cash Flow from Operations (TTM) was -142.2.
==> 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.
Narmadesh Brass Industries's return on assets of this year was 0.05952644. Narmadesh Brass Industries's return on assets of last year was 0.10854458.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Narmadesh Brass Industries's gearing of this year was 0.04610739. Narmadesh Brass Industries's gearing of last year was 0.03080832.
==> 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
Narmadesh Brass Industries's current ratio of this year was 3.12626641. Narmadesh Brass Industries's current ratio of last year was 1.18650699.
==> 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.
Narmadesh Brass Industries's number of shares in issue this year was 3.107. Narmadesh Brass Industries's number of shares in issue last year was 3.101.
==> 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.
Narmadesh Brass Industries's gross margin of this year was 0.10820501. Narmadesh Brass Industries's gross margin of last year was 0.15460045.
==> 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
Narmadesh Brass Industries's asset turnover of this year was 1.59614611. Narmadesh Brass Industries's asset turnover of last year was 1.880689.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Narmadesh Brass Industries has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Narmadesh Brass Industries (BOM:544680) has a Piotroski F-Score of 2 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Narmadesh Brass Industries and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Narmadesh Brass Industries' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Narmadesh Brass Industries ranks #2765 out of 2972 companies in the Industrial Products industry, placing it in the top 93%.
Is Narmadesh Brass Industries' Piotroski F-Score too high?
Narmadesh Brass Industries' current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Industrial Products industry median Piotroski F-Score is 5.00. Narmadesh Brass Industries' value of 2 is 60% below this industry median. Based on the distribution chart, Narmadesh Brass Industries ranks #2765 out of 2972 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Narmadesh Brass Industries has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Narmadesh Brass Industries' Piotroski F-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Narmadesh Brass Industries ranks #2765 out of 2972 companies for Piotroski F-Score. This places Narmadesh Brass Industries in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Narmadesh Brass Industries' value of 2 is 60% below this benchmark. Historically, Narmadesh Brass Industries' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Narmadesh Brass Industries 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. Narmadesh Brass Industries'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 Narmadesh Brass Industries 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. Narmadesh Brass Industries's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Narmadesh Brass Industries stock overvalued right now?
Narmadesh Brass Industries (BOM:544680) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Industrial Products industry median of 5.00. Narmadesh Brass Industries' overall GF Score™ is 14/100 with 4 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 Narmadesh Brass Industries (BOM:544680), the current Piotroski F-Score is 2 as of Jul. 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.
Narmadesh Brass Industries Ltd is engaged in manufacturing a diverse range of brass products catering to both domestic and international markets. It also offers casting and forging services related to brass components. Its product offering includes brass rods, brass billets, agricultural sprayer parts, garden fittings, ball valves, non-return valves (NRVs), turning components and plumbing fittings, sanitary fittings, brass compression fittings etc. The company is operating in a single business segment i.e. Manufacturing and trading of Brass items. The company derives a substantial portion of revenue from the sale of its products, with the majority generated from the sale of Brass Rods.
14GF Score
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