India CementsLUX:INC05 58 Piotroski F-Score is 4 as of Jun. 28, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates LUX:INC05 with a GF Score™ of 58/100 and a GF Value™ of $4.24. The stock has 3 warning signs investors should review. Among 392 Building Materials companies, India Cements ranks worse than 70.41% 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
India Cements 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 India Cements's Piotroski F-Score or its related term are showing as below:
LUX:INC05'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of India Cements was 8. The lowest was 4. And the median was 5.
India Cements (LUX:INC05) 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.
India Cements Piotroski F-Score Related Terms
India Cements Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for India Cements'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.
LUX:INC05 vs CRH, VMC, MLM: Piotroski F-Score Comparison
For the Building Materials subindustry, India Cements'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.
India Cements Piotroski F-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, India Cements's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where India Cements'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.
India Cements's current Net Income (TTM) was -7.2.
==> Negative ==> Score 0.
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.
India Cements's return on assets of this year was -0.00453245. India Cements's return on assets of last year was -0.01288462.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
India Cements's gearing of this year was 0.0691428. India Cements's gearing of last year was 0.08571246.
==> 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
India Cements's current ratio of this year was 1.00555484. India Cements's current ratio of last year was 1.36787773.
==> 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.
India Cements's number of shares in issue this year was 232.423. India Cements's number of shares in issue last year was 232.423.
==> 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.
India Cements's gross margin of this year was 0.77812939. India Cements's gross margin of last year was 0.78105802.
==> 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
India Cements's asset turnover of this year was 0.30226891. India Cements's asset turnover of last year was 0.37128996.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
India Cements has an F-score of 4 indicating the company's financial situation is typical for a stable company.
India Cements (LUX:INC05) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on India Cements and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, India Cements' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, India Cements ranks #276 out of 392 companies in the Building Materials industry, placing it in the top 70.4%.
Is India Cements' Piotroski F-Score too high?
India Cements' 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 8.00. The Building Materials industry median Piotroski F-Score is 5.00. India Cements' value of 4 is 20% below this industry median. Based on the distribution chart, India Cements ranks #276 out of 392 companies in the Building Materials industry, which is below the industry midpoint. Overall, India Cements has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does India Cements' Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, India Cements ranks #276 out of 392 companies for Piotroski F-Score. This places India Cements in the lower half of its industry. The industry median Piotroski F-Score is 5.00. India Cements' value of 4 is 20% below this benchmark. Historically, India Cements' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, India Cements 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 392 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. India Cements'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 India Cements and its competitors. For the Building Materials 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. India Cements'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 India Cements stock overvalued right now?
India Cements (LUX:INC05) has a current Piotroski F-Score of 4. The stock's GF Value™ is $4.24, compared to a current price of $7.10 — trading 67.5% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Building Materials industry median of 5.00. India Cements' overall GF Score™ is 58/100 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 India Cements (LUX:INC05), the current Piotroski F-Score is 4 as of Jun. 28, 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 India Cements (LUX:INC05) Overvalued in 2026?
Based on GuruFocus' analysis, India Cements stock appears to be overvalued.
The current stock price of $7.10 is trading 67.5% above its estimated GF Value™ of $4.24.
Key valuation signals for LUX:INC05:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: $4.24 vs. price of $7.10 (67.5% above fair value)
Industry Position: 20% below the Building Materials median (#276 of 392)
No single metric tells the full story. See the LUX:INC05 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
India Cements Ltd is a cement manufacturing company. It is engaged in the manufacturing and sale of cement and cement-related products. Its brands include: Conkrete Super King; Coromandel King; Sankar Super Power; Raasi Gold; Halo Super King and others.
58GF Score
Get the complete analysis for LUX:INC05
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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