Esprit Stones (NSE:ESPRIT) Piotroski F-Score: 5 (As of Jul. 02, 2026) — 29% Below Median


NSE:ESPRIT Esprit Stones Ltd NSE:ESPRIT
30 GF Score
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What is Esprit Stones Piotroski F-Score?

Esprit Stones NSE:ESPRIT +1.57% 30 Piotroski F-Score is 5 as of Jul. 02, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates NSE:ESPRIT with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 393 Building Materials companies, Esprit Stones ranks better than 51.4% 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

Esprit Stones 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 Esprit Stones's Piotroski F-Score or its related term are showing as below:

NSE:ESPRIT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 8
Current: 5

During the past 6 years, the highest Piotroski F-Score of Esprit Stones was 8. The lowest was 3. And the median was 7.

Esprit Stones  (NSE:ESPRIT) 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.


Esprit Stones Piotroski F-Score Related Terms


Esprit Stones Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Esprit Stones'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.

Esprit Stones Piotroski F-Score Chart

Esprit Stones Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 3.00 8.00 8.00 5.00

Esprit Stones Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 8.00 0.00 8.00 0.00 5.00

NSE:ESPRIT vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, Esprit Stones'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.


Esprit Stones Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Esprit Stones's Piotroski F-Score distribution charts can be found below:

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


NSE:ESPRIT
30GF Score
Esprit Stones Ltd NSE:ESPRIT
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 ₹-26 Mil.
Cash Flow from Operations was ₹120 Mil.
Revenue was ₹1,725 Mil.
Gross Profit was ₹817 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (3096.849 + 2396.029) / 2 = ₹2746.439 Mil.
Total Assets at the begining of this year (Mar25) was ₹3,097 Mil.
Long-Term Debt & Capital Lease Obligation was ₹162 Mil.
Total Current Assets was ₹1,244 Mil.
Total Current Liabilities was ₹865 Mil.
Net Income was ₹157 Mil.

Revenue was ₹3,215 Mil.
Gross Profit was ₹1,288 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2745.935 + 3096.849) / 2 = ₹2921.392 Mil.
Total Assets at the begining of last year (Mar24) was ₹2,746 Mil.
Long-Term Debt & Capital Lease Obligation was ₹272 Mil.
Total Current Assets was ₹1,841 Mil.
Total Current Liabilities was ₹1,406 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.

Esprit Stones's current Net Income (TTM) was -26. ==> Negative ==> Score 0.

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.

Esprit Stones's current Cash Flow from Operations (TTM) was 120. ==> 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)
=-26.159/3096.849
=-0.00844697

ROA (Last Year)=Net Income/Total Assets (Mar24)
=156.639/2745.935
=0.05704396

Esprit Stones's return on assets of this year was -0.00844697. Esprit Stones's return on assets of last year was 0.05704396. ==> 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.

Esprit Stones's current Net Income (TTM) was -26. Esprit Stones's current Cash Flow from Operations (TTM) was 120. ==> 120 > -26 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=162.148/2746.439
=0.05903936

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=272.295/2921.392
=0.09320728

Esprit Stones's gearing of this year was 0.05903936. Esprit Stones's gearing of last year was 0.09320728. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1243.766/865.487
=1.43707069

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1841.339/1406.44
=1.30921973

Esprit Stones's current ratio of this year was 1.43707069. Esprit Stones's current ratio of last year was 1.30921973. ==> 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.

Esprit Stones's number of shares in issue this year was 21.982. Esprit Stones's number of shares in issue last year was 20.005. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=816.566/1725.29
=0.47329203

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1287.987/3214.808
=0.40064197

Esprit Stones's gross margin of this year was 0.47329203. Esprit Stones's gross margin of last year was 0.40064197. ==> 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)
=1725.29/3096.849
=0.55711144

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3214.808/2745.935
=1.17075167

Esprit Stones's asset turnover of this year was 0.55711144. Esprit Stones's asset turnover of last year was 1.17075167. ==> 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
=0+1+0+1+1+1+0+1+0
=5

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

Esprit Stones 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?
Esprit Stones (NSE:ESPRIT) 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 Esprit Stones and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Esprit Stones' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Esprit Stones ranks #191 out of 393 companies in the Building Materials industry, placing it in the top 48.6%.
Is Esprit Stones' Piotroski F-Score too high?
Esprit Stones' current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Building Materials industry median Piotroski F-Score is 5.00. Esprit Stones' value of 5 is 0% at this industry median. Based on the distribution chart, Esprit Stones ranks #191 out of 393 companies in the Building Materials industry, which is above the industry midpoint. Overall, Esprit Stones has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Esprit Stones' Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Esprit Stones ranks #191 out of 393 companies for Piotroski F-Score. This puts Esprit Stones in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Esprit Stones' value of 5 is 0% at this benchmark. Historically, Esprit Stones' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Esprit Stones 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 393 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. Esprit Stones'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 Esprit Stones and its competitors. For the Building Materials 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. Esprit Stones's current Piotroski F-Score is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Esprit Stones stock overvalued right now?
Esprit Stones (NSE:ESPRIT) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Building Materials industry median of 5.00. Esprit Stones' overall GF Score™ is 30/100 with 6 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 Esprit Stones (NSE:ESPRIT), 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.

Esprit Stones Business Description

Address Lakhawali, Khasra No. 1106 - 1109, Revenue Village Bhilwada, Udaipur, RJ, IND, 313001
Esprit Stones Ltd is engaged in the manufacturing of engineered stones such as engineered quartz and marble. The products of the company are used for vanities & bathroom surfaces, kitchen countertops, floors, and wall cladding furniture, and other interior surfaces used in various residential and non-residential applications. The company has two segments: Engineered Stones and Unsaturated Polyester Resin. The key revenue of the company is generated from Engineered Stones.
30GF Score

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