Baheti Recycling Industries (NSE:BAHETI) Piotroski F-Score: 5 (As of Jul. 25, 2026) — 17% Below Median

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NSE:BAHETI Baheti Recycling Industries Ltd NSE:BAHETI
59 GF Score
Price ₹709.90
! 7 Warning Signs
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What is Baheti Recycling Industries Piotroski F-Score?

Baheti Recycling Industries NSE:BAHETI +0.74% 59 Piotroski F-Score is 5 as of Jul. 25, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates NSE:BAHETI with a GF Score™ of 59/100. The stock has 7 warning signs investors should review. Among 2,502 Metals & Mining companies, Baheti Recycling Industries ranks better than 85.65% 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

Baheti Recycling Industries 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 Baheti Recycling Industries's Piotroski F-Score or its related term are showing as below:

NSE:BAHETI' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 5

During the past 6 years, the highest Piotroski F-Score of Baheti Recycling Industries was 7. The lowest was 4. And the median was 6.

Baheti Recycling Industries  (NSE:BAHETI) 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.


Baheti Recycling Industries Piotroski F-Score Related Terms


Baheti Recycling Industries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Baheti Recycling Industries'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.

Baheti Recycling Industries Piotroski F-Score Chart

Baheti Recycling Industries Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 6.00 4.00 5.00

Baheti Recycling Industries Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score Get a 7-Day Free Trial N/A 7.00 6.00 4.00 5.00

NSE:BAHETI vs AA: Piotroski F-Score Comparison

For the Aluminum subindustry, Baheti Recycling 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.


Baheti Recycling Industries Piotroski F-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Baheti Recycling Industries's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Baheti Recycling Industries's Piotroski F-Score falls into.


NSE:BAHETI
59GF Score
Baheti Recycling Industries Ltd NSE:BAHETI
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was ₹180 Mil.
Cash Flow from Operations was ₹-227 Mil.
Revenue was ₹5,243 Mil.
Gross Profit was ₹676 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (1647.349 + 2488.042) / 2 = ₹2067.6955 Mil.
Total Assets at the begining of this year (Mar24) was ₹1,647 Mil.
Long-Term Debt & Capital Lease Obligation was ₹153 Mil.
Total Current Assets was ₹2,265 Mil.
Total Current Liabilities was ₹1,734 Mil.
Net Income was ₹72 Mil.

Revenue was ₹4,293 Mil.
Gross Profit was ₹419 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (1269.719 + 1647.349) / 2 = ₹1458.534 Mil.
Total Assets at the begining of last year (Mar23) was ₹1,270 Mil.
Long-Term Debt & Capital Lease Obligation was ₹105 Mil.
Total Current Assets was ₹1,463 Mil.
Total Current Liabilities was ₹1,121 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.

Baheti Recycling Industries's current Net Income (TTM) was 180. ==> 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.

Baheti Recycling Industries's current Cash Flow from Operations (TTM) was -227. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=180.098/1647.349
=0.10932595

ROA (Last Year)=Net Income/Total Assets (Mar23)
=72.008/1269.719
=0.05671176

Baheti Recycling Industries's return on assets of this year was 0.10932595. Baheti Recycling Industries's return on assets of last year was 0.05671176. ==> This year is higher. ==> Score 1.

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.

Baheti Recycling Industries's current Net Income (TTM) was 180. Baheti Recycling Industries's current Cash Flow from Operations (TTM) was -227. ==> -227 <= 180 ==> CFROA <= ROA ==> Score 0.

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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=153.426/2067.6955
=0.07420145

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=104.957/1458.534
=0.07196061

Baheti Recycling Industries's gearing of this year was 0.07420145. Baheti Recycling Industries's gearing of last year was 0.07196061. ==> 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

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=2264.81/1733.842
=1.30623782

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1462.575/1121.121
=1.30456481

Baheti Recycling Industries's current ratio of this year was 1.30623782. Baheti Recycling Industries's current ratio of last year was 1.30456481. ==> 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.

Baheti Recycling Industries's number of shares in issue this year was 10.369. Baheti Recycling Industries's number of shares in issue last year was 10.369. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=676.322/5243.068
=0.12899356

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=418.638/4293.449
=0.09750622

Baheti Recycling Industries's gross margin of this year was 0.12899356. Baheti Recycling Industries's gross margin of last year was 0.09750622. ==> 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 (Mar24)
=5243.068/1647.349
=3.18273056

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=4293.449/1269.719
=3.38141668

Baheti Recycling Industries's asset turnover of this year was 3.18273056. Baheti Recycling Industries's asset turnover of last year was 3.38141668. ==> 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+0+1+0+0+1+1+1+0
=5

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

Baheti Recycling Industries has an F-score of 5 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 5 mean?
Baheti Recycling Industries (NSE:BAHETI) has a Piotroski F-Score of 5 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Baheti Recycling Industries and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Baheti Recycling Industries' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Baheti Recycling Industries ranks #359 out of 2502 companies in the Metals & Mining industry, placing it in the top 14.3%.
Is Baheti Recycling Industries' Piotroski F-Score too high?
Baheti Recycling Industries' 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 7.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Baheti Recycling Industries' value of 5 is 66.7% above this industry median. Based on the distribution chart, Baheti Recycling Industries ranks #359 out of 2502 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Baheti Recycling Industries has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Baheti Recycling Industries' Piotroski F-Score compare to AA?
According to the Metals & Mining industry distribution chart, Baheti Recycling Industries ranks #359 out of 2502 companies for Piotroski F-Score. This places Baheti Recycling Industries in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Baheti Recycling Industries' value of 5 is 66.7% above this benchmark. Historically, Baheti Recycling Industries' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, Baheti Recycling Industries 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,502 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. Baheti Recycling Industries's current Piotroski F-Score of 5 is 66.7% 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 Baheti Recycling Industries and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baheti Recycling Industries'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 Baheti Recycling Industries stock overvalued right now?
Baheti Recycling Industries (NSE:BAHETI) 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 66.7% above the Metals & Mining industry median of 3.00. Baheti Recycling Industries' overall GF Score™ is 59/100 with 7 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 Baheti Recycling Industries (NSE:BAHETI), the current Piotroski F-Score is 5 as of Jul. 25, 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.

Baheti Recycling Industries Business Description

Address A-2/3, L.R. Apartments, Opposite Police Commissioner Office, Shahibaug, Ahmedabad, GJ, IND, 380 004
Baheti Recycling Industries Ltd is an aluminium recycling company, mainly engaged in processing aluminium based metal scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar. The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc. Its products are being used in various industries, which include automobiles, construction, electrical transmission application, food packaging etc.
59GF Score

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