Bikewo Green Tech (NSE:BIKEWO) Piotroski F-Score: 4 (As of Sep. 04, 2026) — 33% Below Median

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NSE:BIKEWO Bikewo Green Tech Ltd NSE:BIKEWO
15 GF Score
Price ₹97.80
! 8 Warning Signs
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What is Bikewo Green Tech Piotroski F-Score?

Bikewo Green Tech NSE:BIKEWO -4.96% 15 Piotroski F-Score is 4 as of Sep. 04, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates NSE:BIKEWO with a GF Score™ of 15/100. The stock has 8 warning signs investors should review. Among 1,306 Vehicles & Parts companies, Bikewo Green Tech ranks worse than 70.29% 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

Bikewo Green Tech 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 Bikewo Green Tech's Piotroski F-Score or its related term are showing as below:

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

During the past 5 years, the highest Piotroski F-Score of Bikewo Green Tech was 6. The lowest was 4. And the median was 6.

Bikewo Green Tech  (NSE:BIKEWO) 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.


Bikewo Green Tech Piotroski F-Score Related Terms


Bikewo Green Tech Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bikewo Green Tech'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.

Bikewo Green Tech Piotroski F-Score Chart

Bikewo Green Tech Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 6.00 6.00 4.00

Bikewo Green Tech Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score N/A N/A 6.00 6.00 4.00

NSE:BIKEWO vs CVNA, PAG, ALTB: Piotroski F-Score Comparison

For the Auto & Truck Dealerships subindustry, Bikewo Green Tech'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.


Bikewo Green Tech Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bikewo Green Tech's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bikewo Green Tech's Piotroski F-Score falls into.


NSE:BIKEWO
15GF Score
Bikewo Green Tech Ltd NSE:BIKEWO
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 ₹6.6 Mil.
Cash Flow from Operations was ₹-136.7 Mil.
Revenue was ₹235.2 Mil.
Gross Profit was ₹28.5 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (315.135 + 407.638) / 2 = ₹361.3865 Mil.
Total Assets at the begining of this year (Mar24) was ₹315.1 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Total Current Assets was ₹275.0 Mil.
Total Current Liabilities was ₹21.3 Mil.
Net Income was ₹16.7 Mil.

Revenue was ₹249.9 Mil.
Gross Profit was ₹50.5 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (196.24 + 315.135) / 2 = ₹255.6875 Mil.
Total Assets at the begining of last year (Mar23) was ₹196.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹12.1 Mil.
Total Current Assets was ₹199.8 Mil.
Total Current Liabilities was ₹134.0 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.

Bikewo Green Tech's current Net Income (TTM) was 6.6. ==> 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.

Bikewo Green Tech's current Cash Flow from Operations (TTM) was -136.7. ==> 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)
=6.578/315.135
=0.02087359

ROA (Last Year)=Net Income/Total Assets (Mar23)
=16.721/196.24
=0.08520689

Bikewo Green Tech's return on assets of this year was 0.02087359. Bikewo Green Tech's return on assets of last year was 0.08520689. ==> 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.

Bikewo Green Tech's current Net Income (TTM) was 6.6. Bikewo Green Tech's current Cash Flow from Operations (TTM) was -136.7. ==> -136.7 <= 6.6 ==> 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
=0/361.3865
=0

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=12.121/255.6875
=0.04740552

Bikewo Green Tech's gearing of this year was 0. Bikewo Green Tech's gearing of last year was 0.04740552. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=275.031/21.319
=12.90074581

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=199.794/133.962
=1.49142294

Bikewo Green Tech's current ratio of this year was 12.90074581. Bikewo Green Tech's current ratio of last year was 1.49142294. ==> 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.

Bikewo Green Tech's number of shares in issue this year was 13.043. Bikewo Green Tech's number of shares in issue last year was 13.043. ==> 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
=28.547/235.196
=0.12137536

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=50.469/249.879
=0.20197376

Bikewo Green Tech's gross margin of this year was 0.12137536. Bikewo Green Tech's gross margin of last year was 0.20197376. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=235.196/315.135
=0.74633411

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=249.879/196.24
=1.27333367

Bikewo Green Tech's asset turnover of this year was 0.74633411. Bikewo Green Tech's asset turnover of last year was 1.27333367. ==> 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+0+0+1+1+1+0+0
=4

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

Bikewo Green Tech has an F-score of 4 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 4 mean?
Bikewo Green Tech (NSE:BIKEWO) has a Piotroski F-Score of 4 as of Sep. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bikewo Green Tech and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Bikewo Green Tech's Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Bikewo Green Tech ranks #918 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 70.3%.
Is Bikewo Green Tech's Piotroski F-Score too high?
Bikewo Green Tech's current Piotroski F-Score of 4 is 33% 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 6.00. The Vehicles & Parts industry median Piotroski F-Score is 6.00. Bikewo Green Tech's value of 4 is 33.3% below this industry median. Based on the distribution chart, Bikewo Green Tech ranks #918 out of 1306 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Bikewo Green Tech has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Bikewo Green Tech's Piotroski F-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Bikewo Green Tech ranks #918 out of 1306 companies for Piotroski F-Score. This places Bikewo Green Tech in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Bikewo Green Tech's value of 4 is 33.3% below this benchmark. Historically, Bikewo Green Tech's own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Bikewo Green Tech 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 6.00, based on 1,306 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. Bikewo Green Tech's current Piotroski F-Score of 4 is 33.3% 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 Bikewo Green Tech and its competitors. For the Vehicles & Parts industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bikewo Green Tech's current Piotroski F-Score is 4, which is 33% 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 Bikewo Green Tech stock overvalued right now?
Bikewo Green Tech (NSE:BIKEWO) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 33.3% below the Vehicles & Parts industry median of 6.00. Bikewo Green Tech's overall GF Score™ is 15/100 with 8 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 Bikewo Green Tech (NSE:BIKEWO), the current Piotroski F-Score is 4 as of Sep. 04, 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.

Bikewo Green Tech Business Description

Address Lakshmi Sai Damam, Road No. 5, H.No. 1-90/7/B/38, Flat No. 201, 2nd Floor, Patrika Nagar, Shaikpet, Madhapur, Hyderabad, TG, IND, 500081
Bikewo Green Tech Ltd is an electric two-wheeler retailer in India. The company's business activities are operated through dealership models. It offers three types of dealerships to dealers such as State Dealership; Diamond Dealership and Platinum Dealership.
15GF Score

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