Current Infraprojects (NSE:CURRENT) Piotroski F-Score: 4 (As of Jun. 27, 2026) — 20% Below Median


NSE:CURRENT Current Infraprojects Ltd NSE:CURRENT
18 GF Score
Price ₹108.00
! 3 Warning Signs
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What is Current Infraprojects Piotroski F-Score?

Current Infraprojects NSE:CURRENT 18 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates NSE:CURRENT with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,735 Construction companies, Current Infraprojects ranks worse than 65.36% 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

Current Infraprojects 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 Current Infraprojects's Piotroski F-Score or its related term are showing as below:

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

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

Current Infraprojects  (NSE:CURRENT) 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.


Current Infraprojects Piotroski F-Score Related Terms


Current Infraprojects Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Current Infraprojects'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.

Current Infraprojects Piotroski F-Score Chart

Current Infraprojects Annual Data
Trend Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 6.00 4.00

Current Infraprojects Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25
Piotroski F-Score Get a 7-Day Free Trial N/A 6.00 0.00 4.00 0.00

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

For the Engineering & Construction subindustry, Current Infraprojects'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.


Current Infraprojects Piotroski F-Score vs Construction Industry

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

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


NSE:CURRENT
18GF Score
Current Infraprojects Ltd NSE:CURRENT
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 ₹94.5 Mil.
Cash Flow from Operations was ₹-11.0 Mil.
Revenue was ₹908.8 Mil.
Gross Profit was ₹223.5 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (420.728 + 795.165) / 2 = ₹607.9465 Mil.
Total Assets at the begining of this year (Mar24) was ₹420.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₹100.8 Mil.
Total Current Assets was ₹543.1 Mil.
Total Current Liabilities was ₹386.7 Mil.
Net Income was ₹50.9 Mil.

Revenue was ₹775.7 Mil.
Gross Profit was ₹151.4 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (356.534 + 420.728) / 2 = ₹388.631 Mil.
Total Assets at the begining of last year (Mar23) was ₹356.5 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2.4 Mil.
Total Current Assets was ₹330.8 Mil.
Total Current Liabilities was ₹232.5 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.

Current Infraprojects's current Net Income (TTM) was 94.5. ==> 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.

Current Infraprojects's current Cash Flow from Operations (TTM) was -11.0. ==> 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)
=94.537/420.728
=0.22469862

ROA (Last Year)=Net Income/Total Assets (Mar23)
=50.892/356.534
=0.14274094

Current Infraprojects's return on assets of this year was 0.22469862. Current Infraprojects's return on assets of last year was 0.14274094. ==> 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.

Current Infraprojects's current Net Income (TTM) was 94.5. Current Infraprojects's current Cash Flow from Operations (TTM) was -11.0. ==> -11.0 <= 94.5 ==> 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
=100.783/607.9465
=0.1657761

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=2.419/388.631
=0.00622441

Current Infraprojects's gearing of this year was 0.1657761. Current Infraprojects's gearing of last year was 0.00622441. ==> 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
=543.146/386.679
=1.40464313

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=330.756/232.467
=1.4228084

Current Infraprojects's current ratio of this year was 1.40464313. Current Infraprojects's current ratio of last year was 1.4228084. ==> Last year's current ratio is higher ==> Score 0.

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.

Current Infraprojects's number of shares in issue this year was 19.148. Current Infraprojects's number of shares in issue last year was 19.148. ==> 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
=223.51/908.842
=0.24592834

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=151.353/775.678
=0.19512349

Current Infraprojects's gross margin of this year was 0.24592834. Current Infraprojects's gross margin of last year was 0.19512349. ==> 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)
=908.842/420.728
=2.16016524

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=775.678/356.534
=2.17560738

Current Infraprojects's asset turnover of this year was 2.16016524. Current Infraprojects's asset turnover of last year was 2.17560738. ==> 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+0+1+1+0
=4

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

Current Infraprojects 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?
Current Infraprojects (NSE:CURRENT) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Current Infraprojects and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Current Infraprojects' Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Current Infraprojects ranks #1134 out of 1735 companies in the Construction industry, placing it in the top 65.4%.
Is Current Infraprojects' Piotroski F-Score too high?
Current Infraprojects' current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 6.00. The Construction industry median Piotroski F-Score is 5.00. Current Infraprojects' value of 4 is 20% below this industry median. Based on the distribution chart, Current Infraprojects ranks #1134 out of 1735 companies in the Construction industry, which is below the industry midpoint. Overall, Current Infraprojects has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Current Infraprojects' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Current Infraprojects ranks #1134 out of 1735 companies for Piotroski F-Score. This places Current Infraprojects in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Current Infraprojects' value of 4 is 20% below this benchmark. Historically, Current Infraprojects' own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Current Infraprojects 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 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. Current Infraprojects's current Piotroski F-Score of 4 is 20% 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 Current Infraprojects 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. Current Infraprojects's current Piotroski F-Score is 4, which is 20% 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 Current Infraprojects stock overvalued right now?
Current Infraprojects (NSE:CURRENT) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Construction industry median of 5.00. Current Infraprojects' overall GF Score™ is 18/100 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 Current Infraprojects (NSE:CURRENT), the current Piotroski F-Score is 4 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.

Current Infraprojects Business Description

Address Vaishali Marg West, A-27, Basant Vihar, Panchyawala, Jaipur, RJ, IND, 302034
Current Infraprojects Ltd is an infrastructure construction, development, operations and maintenance company with expertise across a wide range of services. The company specializes in Engineering, Procurement and Construction (EPC) services, offering comprehensive solutions in Solar EPC, Electrical EPC, Water EPC and Civil EPC contracts, which include interior and civil works, as well as road furniture, all on a fixedsum turnkey basis. Additionally, It provides specialized Engineering Consulting Services in Mechanical, Electrical and Plumbing (MEP) systems, alongside Project Management Consulting (PMC) services. The company is also adopting the RESCO model to deliver renewable energy solutions on a pay-per-use basis and through long-term agreements.
18GF Score

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

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