Aditya Ultra SteelNSE:AUSL +4.90%13 Piotroski F-Score is 5 as of Jul. 01, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates NSE:AUSL with a GF Score™ of 13/100. The stock has 4 warning signs investors should review. Among 621 Steel companies, Aditya Ultra Steel ranks better than 55.72% 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
Aditya Ultra Steel 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 Aditya Ultra Steel's Piotroski F-Score or its related term are showing as below:
NSE:AUSL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 7
Current: 5
During the past 4 years, the highest Piotroski F-Score of Aditya Ultra Steel was 7. The lowest was 5. And the median was 6.
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.
Aditya Ultra Steel Piotroski F-Score Related Terms
Aditya Ultra Steel Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Aditya Ultra Steel'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.
NSE:AUSL vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, Aditya Ultra Steel'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.
Aditya Ultra Steel Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Aditya Ultra Steel's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Aditya Ultra Steel'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.
Aditya Ultra Steel's current Net Income (TTM) was 93.
==> 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.
Aditya Ultra Steel's return on assets of this year was 0.06319956. Aditya Ultra Steel's return on assets of last year was 0.07899103.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Aditya Ultra Steel's gearing of this year was 0.01331664. Aditya Ultra Steel's gearing of last year was 0.05318981.
==> 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
Aditya Ultra Steel's current ratio of this year was 1.74510988. Aditya Ultra Steel's current ratio of last year was 1.26477709.
==> 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.
Aditya Ultra Steel's number of shares in issue this year was 21.421. Aditya Ultra Steel's number of shares in issue last year was 24.836.
==> 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.
Aditya Ultra Steel's gross margin of this year was 0.06634112. Aditya Ultra Steel's gross margin of last year was 0.06000026.
==> 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
Aditya Ultra Steel's asset turnover of this year was 3.96528966. Aditya Ultra Steel's asset turnover of last year was 6.0382325.
==> 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
Aditya Ultra Steel has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Aditya Ultra Steel (NSE:AUSL) has a Piotroski F-Score of 5 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aditya Ultra Steel and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Aditya Ultra Steel's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Aditya Ultra Steel ranks #275 out of 621 companies in the Steel industry, placing it in the top 44.3%.
Is Aditya Ultra Steel's Piotroski F-Score too high?
Aditya Ultra Steel'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 5.00 to a high of 7.00. The Steel industry median Piotroski F-Score is 5.00. Aditya Ultra Steel's value of 5 is 0% at this industry median. Based on the distribution chart, Aditya Ultra Steel ranks #275 out of 621 companies in the Steel industry, which is above the industry midpoint. Overall, Aditya Ultra Steel has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Aditya Ultra Steel's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Aditya Ultra Steel ranks #275 out of 621 companies for Piotroski F-Score. This puts Aditya Ultra Steel in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Aditya Ultra Steel's value of 5 is 0% at this benchmark. Historically, Aditya Ultra Steel's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Aditya Ultra Steel 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 a Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 621 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. Aditya Ultra Steel'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 Aditya Ultra Steel and its competitors. For the Steel 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. Aditya Ultra Steel'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 Aditya Ultra Steel stock overvalued right now?
Aditya Ultra Steel (NSE:AUSL) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Steel industry median of 5.00. Aditya Ultra Steel's overall GF Score™ is 13/100 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 Aditya Ultra Steel (NSE:AUSL), the current Piotroski F-Score is 5 as of Jul. 01, 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.
Aditya Ultra Steel Ltd manufactures Thermo-Mechanically Treated (TMT) bars under the Kamdhenu brand, catering mainly to the construction and infrastructure sectors. The company produces these steel bars from billets using a reheating furnace and rolling mill. Its manufacturing facility is located in Gujarat, and its customer base is predominantly concentrated in that region, with a focus on tier-3 cities. Revenue is generated mainly through the sale of TMT bars on a business-to-business basis, supported by a dealer network for marketing and distribution.
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