India PowerNSE:DPSCLTD +4.16%61 Piotroski F-Score is 5 as of Jul. 02, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates NSE:DPSCLTD with a GF Score™ of 61/100 and a GF Value™ of ₹18.38 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 489 Utilities - Regulated companies, India Power ranks worse than 53.78% 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
India Power 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 India Power's Piotroski F-Score or its related term are showing as below:
NSE:DPSCLTD'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 5
During the past 13 years, the highest Piotroski F-Score of India Power was 9. The lowest was 3. And the median was 6.
India Power (NSE:DPSCLTD) 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.
India Power Piotroski F-Score Related Terms
India Power Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for India Power'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:DPSCLTD vs NEE, SO, DUK: Piotroski F-Score Comparison
For the Utilities - Regulated Electric subindustry, India Power'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.
India Power Piotroski F-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, India Power's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where India Power'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.
India Power's current Net Income (TTM) was 70.
==> 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.
India Power's return on assets of this year was 0.00341433. India Power's return on assets of last year was 0.00850692.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
India Power's gearing of this year was 0.06434254. India Power's gearing of last year was 0.07884215.
==> 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
India Power's current ratio of this year was 0.92192501. India Power's current ratio of last year was 1.00893683.
==> 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.
India Power's number of shares in issue this year was 1577.933. India Power's number of shares in issue last year was 1577.933.
==> 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.
India Power's gross margin of this year was 0.17505681. India Power's gross margin of last year was 0.21359249.
==> 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
India Power's asset turnover of this year was 0.29204684. India Power's asset turnover of last year was 0.31392892.
==> 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
+
1
+
1
+
0
+
1
+
0
+
0
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
India Power has an F-score of 5 indicating the company's financial situation is typical for a stable company.
India Power (NSE:DPSCLTD) has a Piotroski F-Score of 5 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on India Power and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, India Power's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, India Power ranks #263 out of 489 companies in the Utilities - Regulated industry, placing it in the top 53.8%.
Is India Power's Piotroski F-Score too high?
India Power'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 9.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. India Power's value of 5 is 16.7% below this industry median. Based on the distribution chart, India Power ranks #263 out of 489 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, India Power has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does India Power's Piotroski F-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, India Power ranks #263 out of 489 companies for Piotroski F-Score. This places India Power in the lower half of its industry. The industry median Piotroski F-Score is 6.00. India Power's value of 5 is 16.7% below this benchmark. Historically, India Power's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, India Power 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 an Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 489 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. India Power's current Piotroski F-Score of 5 is 16.7% 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 India Power and its competitors. For the Utilities - Regulated 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. India Power'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 India Power stock overvalued right now?
Based on GuruFocus' analysis, India Power (NSE:DPSCLTD) is currently considered Possible Value Trap. The stock's GF Value™ is ₹18.38, compared to a current price of ₹7.51 — trading 59.1% 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 16.7% below the Utilities - Regulated industry median of 6.00. India Power's overall GF Score™ is 61/100 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 India Power (NSE:DPSCLTD), the current Piotroski F-Score is 5 as of Jul. 02, 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 India Power (NSE:DPSCLTD) Overvalued in 2026?
Based on GuruFocus' analysis, India Power stock appears to be undervalued.
The current stock price of ₹7.51 is trading 59.1% below its estimated GF Value™ of ₹18.38.
GuruFocus considers India Power to be Possible Value Trap.
Key valuation signals for NSE:DPSCLTD:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: ₹18.38 vs. price of ₹7.51 (59.1% below fair value)
Industry Position: 16.7% below the Utilities - Regulated median (#263 of 489)
No single metric tells the full story. See the NSE:DPSCLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
India Power Corp Ltd is an India-based power generation and utility company. It is involved in the renewable and conventional modes of power generation, distribution, and power trading. Along with conventional modes of power generation, it harnesses wind and solar energies to increase power generation capacity. The company's business segments are Regulated operations and Non-Regulated operations. The company derives maximum revenue from the Regulated operations.
61GF Score
Get the complete analysis for NSE:DPSCLTD
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:DPSCLTD has been successfully added to your 
