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Info Edge (India) (NSE:NAUKRI) Piotroski F-Score : 4 (As of Jul. 24, 2025)


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What is Info Edge (India) 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

Info Edge (India) has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Info Edge (India)'s Piotroski F-Score or its related term are showing as below:

NSE:NAUKRI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Info Edge (India) was 7. The lowest was 3. And the median was 5.


Info Edge (India) Piotroski F-Score Historical Data

The historical data trend for Info Edge (India)'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.

Info Edge (India) Piotroski F-Score Chart

Info Edge (India) Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 3.00 7.00 4.00

Info Edge (India) Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 7.00 - - - 4.00

Competitive Comparison of Info Edge (India)'s Piotroski F-Score

For the Internet Content & Information subindustry, Info Edge (India)'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.


Info Edge (India)'s Piotroski F-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Info Edge (India)'s Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Info Edge (India)'s Piotroski F-Score falls into.


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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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was ₹9,621 Mil.
Cash Flow from Operations was ₹8,758 Mil.
Revenue was ₹28,496 Mil.
Gross Profit was ₹27,713 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (360908.16 + 427713.49) / 2 = ₹394310.825 Mil.
Total Assets at the begining of this year (Mar24) was ₹360,908 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,315 Mil.
Total Current Assets was ₹44,471 Mil.
Total Current Liabilities was ₹17,310 Mil.
Net Income was ₹5,752 Mil.

Revenue was ₹25,363 Mil.
Gross Profit was ₹24,616 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (166602.99 + 360908.16) / 2 = ₹263755.575 Mil.
Total Assets at the begining of last year (Mar23) was ₹166,603 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,164 Mil.
Total Current Assets was ₹43,362 Mil.
Total Current Liabilities was ₹14,956 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.

Info Edge (India)'s current Net Income (TTM) was 9,621. ==> 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.

Info Edge (India)'s current Cash Flow from Operations (TTM) was 8,758. ==> 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)
=9621.4/360908.16
=0.02665886

ROA (Last Year)=Net Income/Total Assets (Mar23)
=5752.08/166602.99
=0.03452567

Info Edge (India)'s return on assets of this year was 0.02665886. Info Edge (India)'s return on assets of last year was 0.03452567. ==> 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.

Info Edge (India)'s current Net Income (TTM) was 9,621. Info Edge (India)'s current Cash Flow from Operations (TTM) was 8,758. ==> 8,758 <= 9,621 ==> 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
=2315.32/394310.825
=0.00587181

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=2163.8/263755.575
=0.00820381

Info Edge (India)'s gearing of this year was 0.00587181. Info Edge (India)'s gearing of last year was 0.00820381. ==> 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
=44470.58/17310.32
=2.56902125

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=43361.78/14956.38
=2.89921625

Info Edge (India)'s current ratio of this year was 2.56902125. Info Edge (India)'s current ratio of last year was 2.89921625. ==> 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.

Info Edge (India)'s number of shares in issue this year was 647.169. Info Edge (India)'s number of shares in issue last year was 645.635. ==> 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
=27712.5/28495.51
=0.97252164

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=24616.33/25363.4
=0.97054535

Info Edge (India)'s gross margin of this year was 0.97252164. Info Edge (India)'s gross margin of last year was 0.97054535. ==> 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)
=28495.51/360908.16
=0.07895502

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=25363.4/166602.99
=0.15223856

Info Edge (India)'s asset turnover of this year was 0.07895502. Info Edge (India)'s asset turnover of last year was 0.15223856. ==> 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
=1+1+0+0+1+0+0+1+0
=4

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

Info Edge (India) has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Info Edge (India)  (NSE:NAUKRI) 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.


Info Edge (India) Piotroski F-Score Related Terms

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Info Edge (India) Business Description

Traded in Other Exchanges
Address
B - 8, Sector - 132, Noida, UP, IND, 201304
Info Edge (India) Ltd is a technology company engaged in offering online services in areas like recruitment, matrimony, real estate, and education. The business segments of the company are Recruitment solutions, 99acres for Real Estate, and Others. The Recruitment Solutions business comprises the www.naukri.com, www.quadrangle.com, www.naukrigulf.com, www.firstnaukri.com, and fast forward candidate services. 99acres.com derives its revenues from property listings, builders and brokers branding and visibility through microsites, home page links, and banners servicing real estate developers, builders, and brokers. It derives key revenue from the Recruitment solutions segment. The company sells its services to customers located in India and internationally.

Info Edge (India) Headlines

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