LEEL Electricals (NSE:LEEL) Piotroski F-Score: 7 (As of Jun. 27, 2026) — 40% Above Median


What is LEEL Electricals Piotroski F-Score?

LEEL Electricals NSE:LEEL Piotroski F-Score is 7 as of Jun. 27, 2026, which is 40% above its 10-year median of 5.00. The stock has 6 warning signs investors should review.

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

LEEL Electricals 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 LEEL Electricals's Piotroski F-Score or its related term are showing as below:

NSE:LEEL' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of LEEL Electricals was 7. The lowest was 2. And the median was 5.

LEEL Electricals  (NSE:LEEL) 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.


LEEL Electricals Piotroski F-Score Related Terms


LEEL Electricals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for LEEL Electricals'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.

LEEL Electricals Piotroski F-Score Chart

LEEL Electricals Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 2.00 4.00 5.00 7.00

LEEL Electricals Quarterly Data
Dec12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 0.00 0.00 0.00 7.00

NSE:LEEL vs NRBT, EVTN: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, LEEL Electricals'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.


LEEL Electricals Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, LEEL Electricals's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where LEEL Electricals'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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹21.4 Mil.
Cash Flow from Operations was ₹83.9 Mil.
Revenue was ₹289.2 Mil.
Gross Profit was ₹70.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1071 + 1368.07) / 2 = ₹1219.535 Mil.
Total Assets at the begining of this year (Mar25) was ₹1,071.0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Total Current Assets was ₹174.8 Mil.
Total Current Liabilities was ₹323.7 Mil.
Net Income was ₹-7,619.8 Mil.

Revenue was ₹0.1 Mil.
Gross Profit was ₹0.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (17640.7 + 1071) / 2 = ₹9355.85 Mil.
Total Assets at the begining of last year (Mar24) was ₹17,640.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₹147.3 Mil.
Total Current Assets was ₹52.7 Mil.
Total Current Liabilities was ₹15.3 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.

LEEL Electricals's current Net Income (TTM) was 21.4. ==> 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.

LEEL Electricals's current Cash Flow from Operations (TTM) was 83.9. ==> 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)
=21.385/1071
=0.01996732

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-7619.786/17640.7
=-0.43194352

LEEL Electricals's return on assets of this year was 0.01996732. LEEL Electricals's return on assets of last year was -0.43194352. ==> 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.

LEEL Electricals's current Net Income (TTM) was 21.4. LEEL Electricals's current Cash Flow from Operations (TTM) was 83.9. ==> 83.9 > 21.4 ==> 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
=0/1219.535
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=147.3/9355.85
=0.01574416

LEEL Electricals's gearing of this year was 0. LEEL Electricals's gearing of last year was 0.01574416. ==> 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
=174.774/323.704
=0.53991919

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=52.7/15.3
=3.44444444

LEEL Electricals's current ratio of this year was 0.53991919. LEEL Electricals's current ratio of last year was 3.44444444. ==> 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.

LEEL Electricals's number of shares in issue this year was 10.801. LEEL Electricals's number of shares in issue last year was 0.543. ==> 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
=70.709/289.193
=0.24450454

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.011/0.125
=0.088

LEEL Electricals's gross margin of this year was 0.24450454. LEEL Electricals's gross margin of last year was 0.088. ==> 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)
=289.193/1071
=0.27002148

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0.125/17640.7
=7.09E-6

LEEL Electricals's asset turnover of this year was 0.27002148. LEEL Electricals's asset turnover of last year was 7.09E-6. ==> 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+1+1+0+0+1+1
=7

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

LEEL Electricals 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?
LEEL Electricals (NSE:LEEL) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LEEL Electricals and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, LEEL Electricals' Piotroski F-Score has ranged from 2.00 to 7.00.
Is LEEL Electricals' Piotroski F-Score too high?
LEEL Electricals' current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. LEEL Electricals' value of 7 is 40% above this industry median.
How does LEEL Electricals' Piotroski F-Score compare to NRBT and EVTN?
LEEL Electricals' Piotroski F-Score of 7 can be compared against companies in the Industrial Products industry. The industry median Piotroski F-Score is 5.00. LEEL Electricals' value of 7 is 40% above this benchmark. Historically, LEEL Electricals' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, LEEL Electricals 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. LEEL Electricals'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 LEEL Electricals and its competitors. For the Industrial Products 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. LEEL Electricals's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LEEL Electricals stock overvalued right now?
LEEL Electricals (NSE:LEEL) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Industrial Products industry median of 5.00. 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 LEEL Electricals (NSE:LEEL), the current Piotroski F-Score is 7 as of Jun. 27, 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.

LEEL Electricals Business Description

Address Ecotech XII, Industrial area, Plot No.57, Greater Noida, Noida, UP, IND, 201306
LEEL Electricals Ltd is an India-based heat exchangers coils manufacturer. It manufactures air conditioners for various brands including its own brand of LLOYD. The company also manufactures consumer durable business under Lloyd brand which includes product portfolio like Air-Conditioner, LED TV, Washing Machines, Chest Freezers and other small home appliances. Lloyd's segments are OEM and Packaged Air conditioning Segment, and Heat Exchangers and Components Segments but OEM and Packaged Air conditioning Segment generates the majority of the revenue.