Chavda InfraNSE:CHAVDA -2.36%14 Piotroski F-Score is 3 as of Jun. 29, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates NSE:CHAVDA with a GF Score™ of 14/100. The stock has 5 warning signs investors should review. Among 93 Homebuilding & Construction companies, Chavda Infra ranks worse than 83.87% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Chavda Infra has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Chavda Infra's Piotroski F-Score or its related term are showing as below:
NSE:CHAVDA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 3
During the past 5 years, the highest Piotroski F-Score of Chavda Infra was 8. The lowest was 3. And the median was 5.
Chavda Infra (NSE:CHAVDA) 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.
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.
Chavda Infra Piotroski F-Score Related Terms
Chavda Infra Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Chavda Infra'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:CHAVDA vs DHI, PHM, LEN: Piotroski F-Score Comparison
For the Residential Construction subindustry, Chavda Infra'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.
Chavda Infra Piotroski F-Score vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Chavda Infra's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Chavda Infra'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.
Chavda Infra's current Net Income (TTM) was 211.
==> 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.
Chavda Infra's return on assets of this year was 0.08418648. Chavda Infra's return on assets of last year was 0.12162029.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Chavda Infra's gearing of this year was 0.12608457. Chavda Infra's gearing of last year was 0.0643359.
==> 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
Chavda Infra's current ratio of this year was 1.34818677. Chavda Infra's current ratio of last year was 1.24808357.
==> 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.
Chavda Infra's number of shares in issue this year was 24.656. Chavda Infra's number of shares in issue last year was 21.519.
==> 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.
Chavda Infra's gross margin of this year was 0.32992061. Chavda Infra's gross margin of last year was 0.26327647.
==> 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
Chavda Infra's asset turnover of this year was 1.04025788. Chavda Infra's asset turnover of last year was 1.5562064.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Chavda Infra has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Chavda Infra (NSE:CHAVDA) has a Piotroski F-Score of 3 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chavda Infra and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Chavda Infra's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Chavda Infra ranks #78 out of 93 companies in the Homebuilding & Construction industry, placing it in the top 83.9%.
Is Chavda Infra's Piotroski F-Score too high?
Chavda Infra's current Piotroski F-Score of 3 is 40% below 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 8.00. The Homebuilding & Construction industry median Piotroski F-Score is 5.00. Chavda Infra's value of 3 is 40% below this industry median. Based on the distribution chart, Chavda Infra ranks #78 out of 93 companies in the Homebuilding & Construction industry, which is in the bottom quartile relative to peers. Overall, Chavda Infra has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Chavda Infra's Piotroski F-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Chavda Infra ranks #78 out of 93 companies for Piotroski F-Score. This places Chavda Infra in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Chavda Infra's value of 3 is 40% below this benchmark. Historically, Chavda Infra'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 5.00 vs. the industry median of 5.00, Chavda Infra 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 Homebuilding & Construction company?
The median Piotroski F-Score among Homebuilding & Construction companies is 5.00, based on 93 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. Chavda Infra's current Piotroski F-Score of 3 is 40% 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 Chavda Infra and its competitors. For the Homebuilding & 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. Chavda Infra's current Piotroski F-Score is 3, which is 40% below 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 Chavda Infra stock overvalued right now?
Chavda Infra (NSE:CHAVDA) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Homebuilding & Construction industry median of 5.00. Chavda Infra's overall GF Score™ is 14/100 with 5 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 Chavda Infra (NSE:CHAVDA), the current Piotroski F-Score is 3 as of Jun. 29, 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.
Chavda Infra Ltd is a integrated civil construction company offering a diversified range of construction and allied services across residential, commercial and institutional projects in Gujarat, especially in Ahmedabad and Rajkot. The company provides services across the construction value chain, ranging from planning and design to construction and post-construction activities to their clients. It derives revenue from following three business verticals such as Contracting Services, Development Services, and Commercial Renting Services.
14GF Score
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