Aprameya Engineering (NSE:APRAMEYA) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 20% Above Median


NSE:APRAMEYA Aprameya Engineering Ltd NSE:APRAMEYA
41 GF Score
Price ₹151.00
! 6 Warning Signs
View Full Analysis

What is Aprameya Engineering Piotroski F-Score?

Aprameya Engineering NSE:APRAMEYA -1.15% 41 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates NSE:APRAMEYA with a GF Score™ of 41/100. The stock has 6 warning signs investors should review. Among 805 Medical Devices & Instruments companies, Aprameya Engineering ranks better than 92.42% 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

Aprameya Engineering has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Aprameya Engineering's Piotroski F-Score or its related term are showing as below:

NSE:APRAMEYA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 7 years, the highest Piotroski F-Score of Aprameya Engineering was 7. The lowest was 3. And the median was 5.

Aprameya Engineering  (NSE:APRAMEYA) 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.


Aprameya Engineering Piotroski F-Score Related Terms


Aprameya Engineering Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aprameya Engineering'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.

Aprameya Engineering Piotroski F-Score Chart

Aprameya Engineering Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 5.00 4.00 3.00 7.00 6.00

Aprameya Engineering Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 5.00 4.00 3.00 7.00 6.00

NSE:APRAMEYA vs ISRG, BDX, MDLN: Piotroski F-Score Comparison

For the Medical Instruments & Supplies subindustry, Aprameya Engineering'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.


Aprameya Engineering Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Aprameya Engineering's Piotroski F-Score distribution charts can be found below:

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


NSE:APRAMEYA
41GF Score
Aprameya Engineering Ltd NSE:APRAMEYA
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 ₹51.0 Mil.
Cash Flow from Operations was ₹312.3 Mil.
Revenue was ₹551.3 Mil.
Gross Profit was ₹245.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1439.61 + 822.682) / 2 = ₹1131.146 Mil.
Total Assets at the begining of this year (Mar25) was ₹1,439.6 Mil.
Long-Term Debt & Capital Lease Obligation was ₹17.9 Mil.
Total Current Assets was ₹733.0 Mil.
Total Current Liabilities was ₹105.0 Mil.
Net Income was ₹161.2 Mil.

Revenue was ₹1,357.1 Mil.
Gross Profit was ₹378.4 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (756.397 + 1439.61) / 2 = ₹1098.0035 Mil.
Total Assets at the begining of last year (Mar24) was ₹756.4 Mil.
Long-Term Debt & Capital Lease Obligation was ₹59.5 Mil.
Total Current Assets was ₹1,364.6 Mil.
Total Current Liabilities was ₹734.3 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.

Aprameya Engineering's current Net Income (TTM) was 51.0. ==> 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.

Aprameya Engineering's current Cash Flow from Operations (TTM) was 312.3. ==> Positive ==> Score 1.

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)
=51.02/1439.61
=0.03544015

ROA (Last Year)=Net Income/Total Assets (Mar24)
=161.161/756.397
=0.21306404

Aprameya Engineering's return on assets of this year was 0.03544015. Aprameya Engineering's return on assets of last year was 0.21306404. ==> 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.

Aprameya Engineering's current Net Income (TTM) was 51.0. Aprameya Engineering's current Cash Flow from Operations (TTM) was 312.3. ==> 312.3 > 51.0 ==> CFROA > ROA ==> Score 1.

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
=17.923/1131.146
=0.01584499

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=59.509/1098.0035
=0.05419746

Aprameya Engineering's gearing of this year was 0.01584499. Aprameya Engineering's gearing of last year was 0.05419746. ==> 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
=732.965/104.968
=6.98274712

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1364.584/734.34
=1.8582455

Aprameya Engineering's current ratio of this year was 6.98274712. Aprameya Engineering's current ratio of last year was 1.8582455. ==> 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.

Aprameya Engineering's number of shares in issue this year was 19.037. Aprameya Engineering's number of shares in issue last year was 17.385. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=245.857/551.314
=0.44594732

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=378.398/1357.071
=0.27883434

Aprameya Engineering's gross margin of this year was 0.44594732. Aprameya Engineering's gross margin of last year was 0.27883434. ==> This year's gross margin is higher. ==> Score 1.

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)
=551.314/1439.61
=0.38296066

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1357.071/756.397
=1.79412531

Aprameya Engineering's asset turnover of this year was 0.38296066. Aprameya Engineering's asset turnover of last year was 1.79412531. ==> 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+1+0+1+1+1+0+1+0
=6

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

Aprameya Engineering has an F-score of 6 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 6 mean?
Aprameya Engineering (NSE:APRAMEYA) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aprameya Engineering and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Aprameya Engineering's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Aprameya Engineering ranks #61 out of 805 companies in the Medical Devices & Instruments industry, placing it in the top 7.6%.
Is Aprameya Engineering's Piotroski F-Score too high?
Aprameya Engineering's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Aprameya Engineering's value of 6 is 20% above this industry median. Based on the distribution chart, Aprameya Engineering ranks #61 out of 805 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Aprameya Engineering has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Aprameya Engineering's Piotroski F-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Aprameya Engineering ranks #61 out of 805 companies for Piotroski F-Score. This places Aprameya Engineering in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Aprameya Engineering's value of 6 is 20% above this benchmark. Historically, Aprameya Engineering's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Aprameya Engineering 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 805 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. Aprameya Engineering's current Piotroski F-Score of 6 is 20% 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 Aprameya Engineering and its competitors. For the Medical Devices & Instruments 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. Aprameya Engineering's current Piotroski F-Score is 6, which is 20% above 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 Aprameya Engineering stock overvalued right now?
Aprameya Engineering (NSE:APRAMEYA) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Medical Devices & Instruments industry median of 5.00. Aprameya Engineering's overall GF Score™ is 41/100 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 Aprameya Engineering (NSE:APRAMEYA), the current Piotroski F-Score is 6 as of Jun. 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.

Aprameya Engineering Business Description

Address 908, 9th Floor, Venus Atlantis Corporate Park, Anandnagar, Prahladnagar, Ahmedabad, GJ, IND, 380015
Aprameya Engineering Ltd is engaged in the business of installation, set up & maintenance of Intensive Care Units (ICU), Neonatal Intensive Care Units (NICU), Pediatric Intensive Care Units (PICU), Operation Theatre, dialysis centres and prefabricated structure ward (hereinafter referred to as Healthcare Infrastructure projects) in the hospitals and medical care centers on turnkey basis with the supply of high-value healthcare equipment and diagnostic equipment to private hospitals, Government hospitals, and medical practitioners. The company has two Business segments: Trading of Medical support Equipment (Trading Sales) and Supplies for Infra Projects for health care sectors (Turnkey project supplies). Key revenue is generated from Trunkey Project Supply.
41GF Score

Get the complete analysis for NSE:APRAMEYA

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

₹151.00
Price