Ceinsys Tech (NSE:CEINSYS) Piotroski F-Score: 5 (As of Aug. 01, 2026) — 17% Below Median

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NSE:CEINSYS Ceinsys Tech Ltd NSE:CEINSYS
70 GF Score
Price ₹839.35
GF Value ₹1,369.52
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Ceinsys Tech Piotroski F-Score?

Ceinsys Tech NSE:CEINSYS -0.10% 70 Piotroski F-Score is 5 as of Aug. 01, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates NSE:CEINSYS with a GF Score™ of 70/100 and a GF Value™ of ₹1,369.52 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,727 Construction companies, Ceinsys Tech ranks better than 52.98% 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

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

NSE:CEINSYS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Ceinsys Tech was 8. The lowest was 3. And the median was 6.

Ceinsys Tech  (NSE:CEINSYS) 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.


Ceinsys Tech Piotroski F-Score Related Terms


Ceinsys Tech Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ceinsys 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.

Ceinsys Tech Piotroski F-Score Chart

Ceinsys Tech Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 8.00 5.00 5.00

Ceinsys Tech Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 0.00 0.00 0.00 5.00

NSE:CEINSYS vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Ceinsys 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.


Ceinsys Tech Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Ceinsys Tech's Piotroski F-Score distribution charts can be found below:

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


NSE:CEINSYS
70GF Score
Ceinsys Tech Ltd NSE:CEINSYS
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 ₹1,334 Mil.
Cash Flow from Operations was ₹35 Mil.
Revenue was ₹6,607 Mil.
Gross Profit was ₹3,529 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (5776.6 + 9298.2) / 2 = ₹7537.4 Mil.
Total Assets at the begining of this year (Mar25) was ₹5,777 Mil.
Long-Term Debt & Capital Lease Obligation was ₹105 Mil.
Total Current Assets was ₹7,805 Mil.
Total Current Liabilities was ₹2,444 Mil.
Net Income was ₹632 Mil.

Revenue was ₹4,181 Mil.
Gross Profit was ₹2,591 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (3260.7 + 5776.6) / 2 = ₹4518.65 Mil.
Total Assets at the begining of last year (Mar24) was ₹3,261 Mil.
Long-Term Debt & Capital Lease Obligation was ₹63 Mil.
Total Current Assets was ₹4,457 Mil.
Total Current Liabilities was ₹1,582 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.

Ceinsys Tech's current Net Income (TTM) was 1,334. ==> 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.

Ceinsys Tech's current Cash Flow from Operations (TTM) was 35. ==> 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)
=1334.2/5776.6
=0.23096631

ROA (Last Year)=Net Income/Total Assets (Mar24)
=632.4/3260.7
=0.19394609

Ceinsys Tech's return on assets of this year was 0.23096631. Ceinsys Tech's return on assets of last year was 0.19394609. ==> 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.

Ceinsys Tech's current Net Income (TTM) was 1,334. Ceinsys Tech's current Cash Flow from Operations (TTM) was 35. ==> 35 <= 1,334 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=105.3/7537.4
=0.01397033

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=63.2/4518.65
=0.01398648

Ceinsys Tech's gearing of this year was 0.01397033. Ceinsys Tech's gearing of last year was 0.01398648. ==> 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
=7805.4/2443.5
=3.19435236

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4456.9/1581.9
=2.81743473

Ceinsys Tech's current ratio of this year was 3.19435236. Ceinsys Tech's current ratio of last year was 2.81743473. ==> 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.

Ceinsys Tech's number of shares in issue this year was 19.658. Ceinsys Tech's number of shares in issue last year was 17.93. ==> 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
=3528.6/6607
=0.53406993

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2591.2/4180.6
=0.61981534

Ceinsys Tech's gross margin of this year was 0.53406993. Ceinsys Tech's gross margin of last year was 0.61981534. ==> 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 (Mar25)
=6607/5776.6
=1.14375238

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=4180.6/3260.7
=1.28211734

Ceinsys Tech's asset turnover of this year was 1.14375238. Ceinsys Tech's asset turnover of last year was 1.28211734. ==> 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+1+0+1+1+0+0+0
=5

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

Ceinsys Tech 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?
Ceinsys Tech (NSE:CEINSYS) has a Piotroski F-Score of 5 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ceinsys Tech and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Ceinsys Tech's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Ceinsys Tech ranks #812 out of 1727 companies in the Construction industry, placing it in the top 47%.
Is Ceinsys Tech's Piotroski F-Score too high?
Ceinsys Tech'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 3.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Ceinsys Tech's value of 5 is 0% at this industry median. Based on the distribution chart, Ceinsys Tech ranks #812 out of 1727 companies in the Construction industry, which is above the industry midpoint. Overall, Ceinsys Tech has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ceinsys Tech's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Ceinsys Tech ranks #812 out of 1727 companies for Piotroski F-Score. This puts Ceinsys Tech in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Ceinsys Tech's value of 5 is 0% at this benchmark. Historically, Ceinsys Tech's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Ceinsys Tech 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,727 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. Ceinsys Tech'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 Ceinsys Tech and its competitors. For the Construction 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. Ceinsys Tech'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 Ceinsys Tech stock overvalued right now?
Based on GuruFocus' analysis, Ceinsys Tech (NSE:CEINSYS) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,369.52, compared to a current price of ₹839.35 — trading 38.7% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Construction industry median of 5.00. Ceinsys Tech's overall GF Score™ is 70/100 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 Ceinsys Tech (NSE:CEINSYS), the current Piotroski F-Score is 5 as of Aug. 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.

Is Ceinsys Tech (NSE:CEINSYS) Overvalued in 2026?

Based on GuruFocus' analysis, Ceinsys Tech stock appears to be undervalued. The current stock price of ₹839.35 is trading 38.7% below its estimated GF Value™ of ₹1,369.52. GuruFocus considers Ceinsys Tech to be Possible Value Trap.

Key valuation signals for NSE:CEINSYS:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: ₹1,369.52 vs. price of ₹839.35 (38.7% below fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 0% at the Construction median (#812 of 1727)

No single metric tells the full story. See the NSE:CEINSYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ceinsys Tech Business Description

Other Exchanges 538734:India
Address N.M. Joshi Marg, 2103A, Marathon Futurex Mafatlal Mills Compound, Lower Parel East, Mumbai, MH, IND, 400013
Ceinsys Tech Ltd provides architectural and engineering, and related technical consultancy services to corporate and government customers in India and internationally. It is also engaged in the Retail sale of non-customized software and computer consultancy and computer facilities management activities. The company operates in three segments: Geospatial and engineering services; Technology Solutions and Others. It derives key revenue from the Technology Solutions segment. The company's majority revenue is derived from India.
70GF Score

Get the complete analysis for NSE:CEINSYS

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

₹839.35
Price
₹1,369.52
GF Value