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JSW Infrastructure (NSE:JSWINFRA) Piotroski F-Score : N/A (As of Mar. 02, 2025)


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What is JSW Infrastructure Piotroski F-Score?

The zones of discrimination were as such:

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

JSW Infrastructure 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 JSW Infrastructure's Piotroski F-Score or its related term are showing as below:

During the past 4 years, the highest Piotroski F-Score of JSW Infrastructure was 8. The lowest was 8. And the median was 8.


JSW Infrastructure Piotroski F-Score Historical Data

The historical data trend for JSW Infrastructure'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.

JSW Infrastructure Piotroski F-Score Chart

JSW Infrastructure Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
N/A N/A N/A 8.00

JSW Infrastructure Quarterly Data
Mar21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 8.00 8.00 N/A N/A

Competitive Comparison of JSW Infrastructure's Piotroski F-Score

For the Marine Shipping subindustry, JSW Infrastructure'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.


JSW Infrastructure's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, JSW Infrastructure's Piotroski F-Score distribution charts can be found below:

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


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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 3299.8 + 2924.4 + 3715.1 + 3297.6 = ₹13,237 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0 Mil.
Revenue was 10573.6 + 10097.7 + 10013.6 + 11818.3 = ₹42,503 Mil.
Gross Profit was 3121.4 + 8189.1 + 8071.1 + 9811.4 = ₹29,193 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(125943.8 + 0 + 138275.6 + 0 + 143932.2) / 5 = ₹136050.53333333 Mil.
Total Assets at the begining of this year (Dec23) was ₹125,944 Mil.
Long-Term Debt & Capital Lease Obligation was ₹45,990 Mil.
Total Current Assets was ₹58,725 Mil.
Total Current Liabilities was ₹8,237 Mil.
Net Income was 3004.6 + 3208.9 + 2544 + 2506.6 = ₹11,264 Mil.

Revenue was 8757.9 + 8781 + 8483.1 + 9401.1 = ₹35,423 Mil.
Gross Profit was 1334.5 + 7107 + 6770.9 + 7630.7 = ₹22,843 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(0 + 0 + 94506.5 + 96315.73 + 125943.8) / 5 = ₹105588.67666667 Mil.
Total Assets at the begining of last year (Dec22) was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹44,044 Mil.
Total Current Assets was ₹61,057 Mil.
Total Current Liabilities was ₹6,939 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.

JSW Infrastructure's current Net Income (TTM) was 13,237. ==> 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.

JSW Infrastructure's current Cash Flow from Operations (TTM) was 0. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec23)
=13236.9/125943.8
=0.10510164

ROA (Last Year)=Net Income/Total Assets (Dec22)
=11264.1/0
=

JSW Infrastructure's return on assets of this year was 0.10510164. JSW Infrastructure's return on assets of last year was . ==> 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.

JSW Infrastructure's current Net Income (TTM) was 13,237. JSW Infrastructure's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 13,237 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=45990.2/136050.53333333
=0.33803763

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=44044/105588.67666667
=0.41712806

JSW Infrastructure's gearing of this year was 0.33803763. JSW Infrastructure's gearing of last year was 0.41712806. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=58724.7/8236.5
=7.12981242

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=61056.5/6939.4
=8.79852725

JSW Infrastructure's current ratio of this year was 7.12981242. JSW Infrastructure's current ratio of last year was 8.79852725. ==> 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.

JSW Infrastructure's number of shares in issue this year was 2100.382. JSW Infrastructure's number of shares in issue last year was 2124.237. ==> 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
=29193/42503.2
=0.6868424

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=22843.1/35423.1
=0.64486451

JSW Infrastructure's gross margin of this year was 0.6868424. JSW Infrastructure's gross margin of last year was 0.64486451. ==> 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 (Dec23)
=42503.2/125943.8
=0.33747751

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=35423.1/0
=

JSW Infrastructure's asset turnover of this year was 0.33747751. JSW Infrastructure's asset turnover of last year was . ==> 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+0+1+0+1+0+1+1+1
=6

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

JSW Infrastructure has an F-score of 6 indicating the company's financial situation is typical for a stable company.

JSW Infrastructure  (NSE:JSWINFRA) 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.


JSW Infrastructure Piotroski F-Score Related Terms

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JSW Infrastructure Business Description

Traded in Other Exchanges
Address
Bandra Kurla Complex, JSW Centre, Near MMRDA Grounds, Bandra East, Mumbai, MH, IND, 400051
JSW Infrastructure Ltd is predominantly engaged in one business segment, namely developing, operating, and maintaining the Ports services, Ports-related Infrastructure development activities, and development of infrastructure. It derives a majority of its revenue in India.

JSW Infrastructure Headlines

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