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EPACK Durable (NSE:EPACK) Piotroski F-Score : 7 (As of Apr. 07, 2025)


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What is EPACK Durable Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

EPACK Durable has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for EPACK Durable's Piotroski F-Score or its related term are showing as below:

NSE:EPACK' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 4 years, the highest Piotroski F-Score of EPACK Durable was 7. The lowest was 4. And the median was 6.


EPACK Durable Piotroski F-Score Historical Data

The historical data trend for EPACK Durable'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.

* Premium members only.

EPACK Durable Piotroski F-Score Chart

EPACK Durable Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
N/A N/A 4.00 7.00

EPACK Durable Quarterly Data
Mar21 Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only - 7.00 - - -

Competitive Comparison of EPACK Durable's Piotroski F-Score

For the Furnishings, Fixtures & Appliances subindustry, EPACK Durable'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.


EPACK Durable's Piotroski F-Score Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, EPACK Durable's Piotroski F-Score distribution charts can be found below:

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


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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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was ₹354 Mil.
Cash Flow from Operations was ₹2,570 Mil.
Revenue was ₹13,653 Mil.
Gross Profit was ₹1,697 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (14641.554 + 17677.731) / 2 = ₹16159.6425 Mil.
Total Assets at the begining of this year (Mar23) was ₹14,642 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,004 Mil.
Total Current Assets was ₹10,004 Mil.
Total Current Liabilities was ₹7,526 Mil.
Net Income was ₹320 Mil.

Revenue was ₹14,985 Mil.
Gross Profit was ₹1,709 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (10766.75 + 14641.554) / 2 = ₹12704.152 Mil.
Total Assets at the begining of last year (Mar22) was ₹10,767 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,396 Mil.
Total Current Assets was ₹8,707 Mil.
Total Current Liabilities was ₹9,943 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.

EPACK Durable's current Net Income (TTM) was 354. ==> 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.

EPACK Durable's current Cash Flow from Operations (TTM) was 2,570. ==> 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 (Mar23)
=353.734/14641.554
=0.02415959

ROA (Last Year)=Net Income/Total Assets (Mar22)
=319.724/10766.75
=0.0296955

EPACK Durable's return on assets of this year was 0.02415959. EPACK Durable's return on assets of last year was 0.0296955. ==> 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.

EPACK Durable's current Net Income (TTM) was 354. EPACK Durable's current Cash Flow from Operations (TTM) was 2,570. ==> 2,570 > 354 ==> CFROA > ROA ==> Score 1.

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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1004.318/16159.6425
=0.06214977

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=1395.558/12704.152
=0.10985054

EPACK Durable's gearing of this year was 0.06214977. EPACK Durable's gearing of last year was 0.10985054. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=10004.251/7525.541
=1.329373

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=8706.598/9942.541
=0.87569144

EPACK Durable's current ratio of this year was 1.329373. EPACK Durable's current ratio of last year was 0.87569144. ==> 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.

EPACK Durable's number of shares in issue this year was 81.434. EPACK Durable's number of shares in issue last year was 95.799. ==> 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
=1697.474/13652.953
=0.12433017

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1709.231/14984.606
=0.1140658

EPACK Durable's gross margin of this year was 0.12433017. EPACK Durable's gross margin of last year was 0.1140658. ==> 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 (Mar23)
=13652.953/14641.554
=0.93247978

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=14984.606/10766.75
=1.3917483

EPACK Durable's asset turnover of this year was 0.93247978. EPACK Durable's asset turnover of last year was 1.3917483. ==> 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+1+1+1+0
=7

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

EPACK Durable has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

EPACK Durable  (NSE:EPACK) 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.


EPACK Durable Piotroski F-Score Related Terms

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EPACK Durable Business Description

Traded in Other Exchanges
Address
AltF 142 Noida, TR - 901, 9th Floor, Plot No. 21 and 21A, Sector 142, Noida, UP, IND, 201304
EPACK Durable Ltd is engaged in the business of manufacturing electronics consumer durable items. Its products include Room Air Conditioners, Induction Cooktops, Mixer Grinders, and Water Dispensers among others. The company also manufactures components related to consumer electronics such as Heat exchangers, Induction coils, Axial fans, Copper tubings, Sheet metals, and others. The company operates in a single operating segment and geographical segment.

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