Aditya Infotech (NSE:CPPLUS) Piotroski F-Score: 5 (As of Jun. 27, 2026) — Near Median


NSE:CPPLUS Aditya Infotech Ltd NSE:CPPLUS
18 GF Score
Price ₹3,558.50
! 4 Warning Signs
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What is Aditya Infotech Piotroski F-Score?

Aditya Infotech NSE:CPPLUS -1.63% 18 Piotroski F-Score is 5 as of Jun. 27, 2026, which is at its 10-year median of 5.00. GuruFocus rates NSE:CPPLUS with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 1,735 Construction companies, Aditya Infotech ranks better than 52.8% 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 Infotech 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 Infotech's Piotroski F-Score or its related term are showing as below:

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

During the past 5 years, the highest Piotroski F-Score of Aditya Infotech was 7. The lowest was 5. And the median was 5.

Aditya Infotech  (NSE:CPPLUS) 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.


Aditya Infotech Piotroski F-Score Related Terms


Aditya Infotech Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aditya Infotech'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.

Aditya Infotech Piotroski F-Score Chart

Aditya Infotech Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 5.00 7.00 5.00

Aditya Infotech Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 0.00 7.00 0.00 0.00 5.00

NSE:CPPLUS vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Aditya Infotech'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 Infotech Piotroski F-Score vs Construction Industry

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

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


NSE:CPPLUS
18GF Score
Aditya Infotech Ltd NSE:CPPLUS
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹3,680 Mil.
Cash Flow from Operations was ₹135 Mil.
Revenue was ₹42,208 Mil.
Gross Profit was ₹12,139 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (31745.38 + 39909.95) / 2 = ₹35827.665 Mil.
Total Assets at the begining of this year (Mar25) was ₹31,745 Mil.
Long-Term Debt & Capital Lease Obligation was ₹989 Mil.
Total Current Assets was ₹30,321 Mil.
Total Current Liabilities was ₹19,779 Mil.
Net Income was ₹3,514 Mil.

Revenue was ₹31,119 Mil.
Gross Profit was ₹6,694 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (16441.76 + 31745.38) / 2 = ₹24093.57 Mil.
Total Assets at the begining of last year (Mar24) was ₹16,442 Mil.
Long-Term Debt & Capital Lease Obligation was ₹435 Mil.
Total Current Assets was ₹23,559 Mil.
Total Current Liabilities was ₹20,933 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.

Aditya Infotech's current Net Income (TTM) was 3,680. ==> 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.

Aditya Infotech's current Cash Flow from Operations (TTM) was 135. ==> 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)
=3679.61/31745.38
=0.11591009

ROA (Last Year)=Net Income/Total Assets (Mar24)
=3513.69/16441.76
=0.21370522

Aditya Infotech's return on assets of this year was 0.11591009. Aditya Infotech's return on assets of last year was 0.21370522. ==> 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.

Aditya Infotech's current Net Income (TTM) was 3,680. Aditya Infotech's current Cash Flow from Operations (TTM) was 135. ==> 135 <= 3,680 ==> 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
=988.97/35827.665
=0.02760353

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=434.82/24093.57
=0.01804714

Aditya Infotech's gearing of this year was 0.02760353. Aditya Infotech's gearing of last year was 0.01804714. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=30321.37/19779.39
=1.53297801

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=23558.72/20932.92
=1.12543878

Aditya Infotech's current ratio of this year was 1.53297801. Aditya Infotech's current ratio of last year was 1.12543878. ==> 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 Infotech's number of shares in issue this year was 114.808. Aditya Infotech's number of shares in issue last year was 117.222. ==> 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
=12139/42208.12
=0.28759869

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6694.28/31118.72
=0.21512067

Aditya Infotech's gross margin of this year was 0.28759869. Aditya Infotech's gross margin of last year was 0.21512067. ==> 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 (Mar25)
=42208.12/31745.38
=1.32958308

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=31118.72/16441.76
=1.89266356

Aditya Infotech's asset turnover of this year was 1.32958308. Aditya Infotech's asset turnover of last year was 1.89266356. ==> 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+0+0+0+1+1+1+0
=5

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

Aditya Infotech 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?
Aditya Infotech (NSE:CPPLUS) has a Piotroski F-Score of 5 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aditya Infotech and its competitors. This is near median its historical median of 5.00. Over the past decade, Aditya Infotech's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Aditya Infotech ranks #819 out of 1735 companies in the Construction industry, placing it in the top 47.2%.
Is Aditya Infotech's Piotroski F-Score too high?
Aditya Infotech's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Aditya Infotech's value of 5 is 0% at this industry median. Based on the distribution chart, Aditya Infotech ranks #819 out of 1735 companies in the Construction industry, which is above the industry midpoint. Overall, Aditya Infotech has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Aditya Infotech's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Aditya Infotech ranks #819 out of 1735 companies for Piotroski F-Score. This puts Aditya Infotech in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Aditya Infotech's value of 5 is 0% at this benchmark. Historically, Aditya Infotech'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 5.00 vs. the industry median of 5.00, Aditya Infotech 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 1,735 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 Infotech'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 Infotech 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. Aditya Infotech's current Piotroski F-Score is 5, which is near 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 Aditya Infotech stock overvalued right now?
Aditya Infotech (NSE:CPPLUS) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Construction industry median of 5.00. Aditya Infotech's overall GF Score™ is 18/100 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 Infotech (NSE:CPPLUS), the current Piotroski F-Score is 5 as of Jun. 27, 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 Infotech Business Description

Other Exchanges 544466:India
Address A-12, Sector 4, Noida, UP, IND, 201 301
Aditya Infotech Ltd offers video security and surveillance products, technologies, and solutions for enterprise and consumer segments under its 'CP PLUS' brand. The firm also offers solutions and services such as fully integrated security systems and Security-as-a-Service directly and through its distribution network, which address the requirements of end-customers engaged in a broad range of sectors such as banking, insurance, real estate, healthcare, industrial, defence, education, hospitality, manufacturing, retail, and law enforcement. The company generates almost all of its revenue from the sale of security and surveillance equipment and components.
18GF Score

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