Nishat Chunian PowerKAR:NCPL -0.34%58 Piotroski F-Score is 5 as of Jul. 06, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates KAR:NCPL with a GF Score™ of 58/100 and a GF Value™ of ₨14.05 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, Nishat Chunian Power ranks better than 61.39% 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
Nishat Chunian Power has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Nishat Chunian Power's Piotroski F-Score or its related term are showing as below:
KAR:NCPL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Nishat Chunian Power was 8. The lowest was 4. And the median was 6.
Nishat Chunian Power (KAR:NCPL) 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.
Nishat Chunian Power Piotroski F-Score Related Terms
Nishat Chunian Power Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Nishat Chunian Power'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.
KAR:NCPL vs CEG, VST, NRG: Piotroski F-Score Comparison
For the Utilities - Independent Power Producers subindustry, Nishat Chunian Power'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.
Nishat Chunian Power Piotroski F-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Nishat Chunian Power's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nishat Chunian Power'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was -94.441 + 552.145 + 346.984 + 681.126 = ₨1,486 Mil. Cash Flow from Operations was 800.33 + 663.13 + 405.708 + -1002.088 = ₨867 Mil. Revenue was 1534.596 + 1366.567 + 947.812 + 2167.71 = ₨6,017 Mil. Gross Profit was 55.383 + 435.733 + 295.4 + 292.996 = ₨1,080 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(24436.777 + 24332.254 + 25251.24 + 27521.527 + 28125.147) / 5 = ₨25933.389 Mil. Total Assets at the begining of this year (Mar25) was ₨24,437 Mil. Long-Term Debt & Capital Lease Obligation was ₨0 Mil. Total Current Assets was ₨17,600 Mil. Total Current Liabilities was ₨3,318 Mil.
Net Income was 1064.331 + 1465.706 + -5245.521 + 451.305 = ₨-2,264 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.
Nishat Chunian Power's current Net Income (TTM) was 1,486.
==> 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.
Nishat Chunian Power's return on assets of this year was 0.06080237. Nishat Chunian Power's return on assets of last year was -0.07467662.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Nishat Chunian Power's gearing of this year was 0. Nishat Chunian Power's gearing of last year was 0.
==> 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
Nishat Chunian Power's current ratio of this year was 5.304459. Nishat Chunian Power's current ratio of last year was 41.43073443.
==> 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.
Nishat Chunian Power's number of shares in issue this year was 368.176. Nishat Chunian Power's number of shares in issue last year was 366.915.
==> 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.
Nishat Chunian Power's gross margin of this year was 0.17941973. Nishat Chunian Power's gross margin of last year was 0.44627294.
==> 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
Nishat Chunian Power's asset turnover of this year was 0.24621434. Nishat Chunian Power's asset turnover of last year was 0.22317808.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
1
+
1
+
1
+
0
+
1
+
0
+
0
+
0
+
1
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nishat Chunian Power has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Nishat Chunian Power (KAR:NCPL) has a Piotroski F-Score of 5 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nishat Chunian Power and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Nishat Chunian Power's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Nishat Chunian Power ranks #161 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 38.6%.
Is Nishat Chunian Power's Piotroski F-Score too high?
Nishat Chunian Power's current Piotroski F-Score of 5 is 17% 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 Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. Nishat Chunian Power's value of 5 is 0% at this industry median. Based on the distribution chart, Nishat Chunian Power ranks #161 out of 417 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Nishat Chunian Power has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nishat Chunian Power's Piotroski F-Score compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Nishat Chunian Power ranks #161 out of 417 companies for Piotroski F-Score. This puts Nishat Chunian Power in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Nishat Chunian Power's value of 5 is 0% at this benchmark. Historically, Nishat Chunian Power'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 5.00, Nishat Chunian Power has consistently been at 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 Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 417 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. Nishat Chunian Power's current Piotroski F-Score of 5 is 0% at 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 Nishat Chunian Power and its competitors. For the Utilities - Independent Power Producers 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. Nishat Chunian Power's current Piotroski F-Score is 5, which is 17% 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 Nishat Chunian Power stock overvalued right now?
Based on GuruFocus' analysis, Nishat Chunian Power (KAR:NCPL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨14.05, compared to a current price of ₨64.44 — trading 358.6% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Utilities - Independent Power Producers industry median of 5.00. Nishat Chunian Power's overall GF Score™ is 58/100 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 Nishat Chunian Power (KAR:NCPL), the current Piotroski F-Score is 5 as of Jul. 06, 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.
Is Nishat Chunian Power (KAR:NCPL) Overvalued in 2026?
Based on GuruFocus' analysis, Nishat Chunian Power stock appears to be overvalued.
The current stock price of ₨64.44 is trading 358.6% above its estimated GF Value™ of ₨14.05.
GuruFocus considers Nishat Chunian Power to be Significantly Overvalued.
Key valuation signals for KAR:NCPL:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: ₨14.05 vs. price of ₨64.44 (358.6% above fair value)
Industry Position: 0% at the Utilities - Independent Power Producers median (#161 of 417)
No single metric tells the full story. See the KAR:NCPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nishat Chunian Power Ltd is a power generation company. The main activity of the company is to build, own, operate and maintain a fuel-fired power station. It generates revenue from the supply of electricity in Pakistan.
58GF Score
Get the complete analysis for KAR:NCPL
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
KAR:NCPL has been successfully added to your 
