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Jain Resource RecyclingNSE:JAINREC +1.47%17 Piotroski F-Score is 6 as of Aug. 02, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates NSE:JAINREC with a GF Score™ of 17/100. The stock has 4 warning signs investors should review. Among 2,504 Metals & Mining companies, Jain Resource Recycling ranks better than 91.25% 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
Jain Resource Recycling has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Jain Resource Recycling's Piotroski F-Score or its related term are showing as below:
NSE:JAINREC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 7 Max: 8
Current: 6
During the past 5 years, the highest Piotroski F-Score of Jain Resource Recycling was 8. The lowest was 6. And the median was 7.
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.
Jain Resource Recycling Piotroski F-Score Related Terms
Jain Resource Recycling Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Jain Resource Recycling'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.
For the Other Industrial Metals & Mining subindustry, Jain Resource Recycling'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.
Jain Resource Recycling Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Jain Resource Recycling's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Jain Resource Recycling'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.
Jain Resource Recycling's current Net Income (TTM) was 3,522.
==> 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.
Jain Resource Recycling's current Cash Flow from Operations (TTM) was -6,019.
==> 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.
Jain Resource Recycling's return on assets of this year was 0.19181348. Jain Resource Recycling's return on assets of last year was 0.14508538.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Jain Resource Recycling's gearing of this year was 0.00146212. Jain Resource Recycling's gearing of last year was 0.00604756.
==> 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
Jain Resource Recycling's current ratio of this year was 1.79855704. Jain Resource Recycling's current ratio of last year was 1.5100976.
==> 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.
Jain Resource Recycling's number of shares in issue this year was 343.624. Jain Resource Recycling's number of shares in issue last year was 345.086.
==> 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.
Jain Resource Recycling's gross margin of this year was 0.08429398. Jain Resource Recycling's gross margin of last year was 0.08877435.
==> 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
Jain Resource Recycling's asset turnover of this year was 5.1971031. Jain Resource Recycling's asset turnover of last year was 4.20563138.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Jain Resource Recycling has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Jain Resource Recycling (NSE:JAINREC) has a Piotroski F-Score of 6 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Jain Resource Recycling and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Jain Resource Recycling's Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Jain Resource Recycling ranks #219 out of 2504 companies in the Metals & Mining industry, placing it in the top 8.7%.
Is Jain Resource Recycling's Piotroski F-Score too high?
Jain Resource Recycling's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Jain Resource Recycling's value of 6 is 100% above this industry median. Based on the distribution chart, Jain Resource Recycling ranks #219 out of 2504 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Jain Resource Recycling has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Jain Resource Recycling's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Jain Resource Recycling ranks #219 out of 2504 companies for Piotroski F-Score. This places Jain Resource Recycling in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Jain Resource Recycling's value of 6 is 100% above this benchmark. Historically, Jain Resource Recycling's own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 3.00, Jain Resource Recycling 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,504 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. Jain Resource Recycling's current Piotroski F-Score of 6 is 100% 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 Jain Resource Recycling and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jain Resource Recycling's current Piotroski F-Score is 6, which is 14% 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 Jain Resource Recycling stock overvalued right now?
Jain Resource Recycling (NSE:JAINREC) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 100% above the Metals & Mining industry median of 3.00. Jain Resource Recycling's overall GF Score™ is 17/100 with 4 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 Jain Resource Recycling (NSE:JAINREC), the current Piotroski F-Score is 6 as of Aug. 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.
Jain Resource Recycling Ltd is engaged in the business of recycling and production of non-ferrous metals and non-metallic materials. Its product portfolio comprises lead and lead alloy ingots, copper and copper ingots, and aluminium and aluminium alloys. The group is segregated into the following segments: Copper Processing, Lead Processing, Aluminium Processing, Precious Metal, and Others. It generates maximum revenue from the recycling and sale of copper and copper ingots. Geographically, the group generates maximum revenue from outside India through exports, and the rest from its business within India.
17GF Score
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