Gayatri Rubbers and Chemicals (NSE:GRCL) Piotroski F-Score: 7 (As of Jun. 28, 2026) — Near Median


NSE:GRCL Gayatri Rubbers and Chemicals Ltd NSE:GRCL
62 GF Score
Price ₹575.00
! 6 Warning Signs
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What is Gayatri Rubbers and Chemicals Piotroski F-Score?

Gayatri Rubbers and Chemicals NSE:GRCL -3.95% 62 Piotroski F-Score is 7 as of Jun. 28, 2026, which is at its 10-year median of 7.00. GuruFocus rates NSE:GRCL with a GF Score™ of 62/100. The stock has 6 warning signs investors should review. Among 1,563 Chemicals companies, Gayatri Rubbers and Chemicals ranks better than 90.4% on this metric.

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

Gayatri Rubbers and Chemicals 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 Gayatri Rubbers and Chemicals's Piotroski F-Score or its related term are showing as below:

NSE:GRCL' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 7
Current: 7

During the past 6 years, the highest Piotroski F-Score of Gayatri Rubbers and Chemicals was 7. The lowest was 2. And the median was 7.

Gayatri Rubbers and Chemicals  (NSE:GRCL) 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.


Gayatri Rubbers and Chemicals Piotroski F-Score Related Terms


Gayatri Rubbers and Chemicals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Gayatri Rubbers and Chemicals'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.

Gayatri Rubbers and Chemicals Piotroski F-Score Chart

Gayatri Rubbers and Chemicals Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 7.00 2.00 7.00

Gayatri Rubbers and Chemicals Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score Get a 7-Day Free Trial N/A 6.00 7.00 2.00 7.00

NSE:GRCL vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Gayatri Rubbers and Chemicals'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.


Gayatri Rubbers and Chemicals Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gayatri Rubbers and Chemicals's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Gayatri Rubbers and Chemicals's Piotroski F-Score falls into.


NSE:GRCL
62GF Score
Gayatri Rubbers and Chemicals Ltd NSE:GRCL
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 ₹28.5 Mil.
Cash Flow from Operations was ₹4.2 Mil.
Revenue was ₹319.1 Mil.
Gross Profit was ₹78.1 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (128.544 + 195.518) / 2 = ₹162.031 Mil.
Total Assets at the begining of this year (Mar24) was ₹128.5 Mil.
Long-Term Debt & Capital Lease Obligation was ₹5.4 Mil.
Total Current Assets was ₹169.6 Mil.
Total Current Liabilities was ₹47.9 Mil.
Net Income was ₹15.6 Mil.

Revenue was ₹244.1 Mil.
Gross Profit was ₹41.8 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (106.197 + 128.544) / 2 = ₹117.3705 Mil.
Total Assets at the begining of last year (Mar23) was ₹106.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹4.2 Mil.
Total Current Assets was ₹104.4 Mil.
Total Current Liabilities was ₹11.7 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.

Gayatri Rubbers and Chemicals's current Net Income (TTM) was 28.5. ==> 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.

Gayatri Rubbers and Chemicals's current Cash Flow from Operations (TTM) was 4.2. ==> 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 (Mar24)
=28.481/128.544
=0.22156616

ROA (Last Year)=Net Income/Total Assets (Mar23)
=15.598/106.197
=0.14687797

Gayatri Rubbers and Chemicals's return on assets of this year was 0.22156616. Gayatri Rubbers and Chemicals's return on assets of last year was 0.14687797. ==> 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.

Gayatri Rubbers and Chemicals's current Net Income (TTM) was 28.5. Gayatri Rubbers and Chemicals's current Cash Flow from Operations (TTM) was 4.2. ==> 4.2 <= 28.5 ==> 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
=5.388/162.031
=0.0332529

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=4.225/117.3705
=0.03599712

Gayatri Rubbers and Chemicals's gearing of this year was 0.0332529. Gayatri Rubbers and Chemicals's gearing of last year was 0.03599712. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=169.627/47.919
=3.53986936

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=104.431/11.652
=8.96249571

Gayatri Rubbers and Chemicals's current ratio of this year was 3.53986936. Gayatri Rubbers and Chemicals's current ratio of last year was 8.96249571. ==> 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.

Gayatri Rubbers and Chemicals's number of shares in issue this year was 5.738. Gayatri Rubbers and Chemicals's number of shares in issue last year was 5.738. ==> 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
=78.124/319.084
=0.24483835

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=41.77/244.111
=0.17111068

Gayatri Rubbers and Chemicals's gross margin of this year was 0.24483835. Gayatri Rubbers and Chemicals's gross margin of last year was 0.17111068. ==> 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)
=319.084/128.544
=2.482294

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=244.111/106.197
=2.29866192

Gayatri Rubbers and Chemicals's asset turnover of this year was 2.482294. Gayatri Rubbers and Chemicals's asset turnover of last year was 2.29866192. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+0+1+1+1
=7

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

Gayatri Rubbers and Chemicals has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Gayatri Rubbers and Chemicals (NSE:GRCL) has a Piotroski F-Score of 7 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gayatri Rubbers and Chemicals and its competitors. This is near median its historical median of 7.00. Over the past decade, Gayatri Rubbers and Chemicals' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Gayatri Rubbers and Chemicals ranks #150 out of 1563 companies in the Chemicals industry, placing it in the top 9.6%.
Is Gayatri Rubbers and Chemicals' Piotroski F-Score too high?
Gayatri Rubbers and Chemicals' current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Chemicals industry median Piotroski F-Score is 5.00. Gayatri Rubbers and Chemicals' value of 7 is 40% above this industry median. Based on the distribution chart, Gayatri Rubbers and Chemicals ranks #150 out of 1563 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Gayatri Rubbers and Chemicals has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Gayatri Rubbers and Chemicals' Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Gayatri Rubbers and Chemicals ranks #150 out of 1563 companies for Piotroski F-Score. This places Gayatri Rubbers and Chemicals in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Gayatri Rubbers and Chemicals' value of 7 is 40% above this benchmark. Historically, Gayatri Rubbers and Chemicals' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Gayatri Rubbers and Chemicals has consistently been above 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,563 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. Gayatri Rubbers and Chemicals's current Piotroski F-Score of 7 is 40% above 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 Gayatri Rubbers and Chemicals and its competitors. For the Chemicals 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. Gayatri Rubbers and Chemicals's current Piotroski F-Score is 7, which is near 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 Gayatri Rubbers and Chemicals stock overvalued right now?
Gayatri Rubbers and Chemicals (NSE:GRCL) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Chemicals industry median of 5.00. Gayatri Rubbers and Chemicals' overall GF Score™ is 62/100 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 Gayatri Rubbers and Chemicals (NSE:GRCL), the current Piotroski F-Score is 7 as of Jun. 28, 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.

Gayatri Rubbers and Chemicals Business Description

Address Sector-69 IMT, Industrial Shed Plot No. 675, Faridabad, HR, IND, 121004
Gayatri Rubbers and Chemicals Ltd is engaged in manufacturing and trading rubber products. The company's product portfolio includes Architectural profiles, Automobile rubber profiles, Sponge rubber components, Clear PVC profiles, Industrial rubber, Railway sector rubber, and Defence sector.
62GF Score

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