OCCL (NSE:OCCLLTD) Piotroski F-Score: 3 (As of Jul. 12, 2026) — 50% Below Median


NSE:OCCLLTD OCCL Ltd NSE:OCCLLTD
31 GF Score
Price ₹124.00
! 6 Warning Signs
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What is OCCL Piotroski F-Score?

OCCL NSE:OCCLLTD +3.28% 31 Piotroski F-Score is 3 as of Jul. 12, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates NSE:OCCLLTD with a GF Score™ of 31/100. The stock has 6 warning signs investors should review. Among 1,563 Chemicals companies, OCCL ranks worse than 82.02% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

OCCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for OCCL's Piotroski F-Score or its related term are showing as below:

NSE:OCCLLTD' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 3

During the past 9 years, the highest Piotroski F-Score of OCCL was 8. The lowest was 2. And the median was 6.

OCCL  (NSE:OCCLLTD) 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.


OCCL Piotroski F-Score Related Terms


OCCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for OCCL'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.

OCCL Piotroski F-Score Chart

OCCL Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 6.00 8.00 2.00 8.00 3.00

OCCL Quarterly Data
Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Jun24 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 8.00 0.00 0.00 0.00 3.00

NSE:OCCLLTD vs DOW: Piotroski F-Score Comparison

For the Chemicals subindustry, OCCL'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.


OCCL Piotroski F-Score vs Chemicals Industry

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

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


NSE:OCCLLTD
31GF Score
OCCL Ltd NSE:OCCLLTD
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹477 Mil.
Cash Flow from Operations was ₹110 Mil.
Revenue was ₹5,059 Mil.
Gross Profit was ₹2,586 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (5343.183 + 6016.505) / 2 = ₹5679.844 Mil.
Total Assets at the begining of this year (Mar25) was ₹5,343 Mil.
Long-Term Debt & Capital Lease Obligation was ₹108 Mil.
Total Current Assets was ₹2,246 Mil.
Total Current Liabilities was ₹1,242 Mil.
Net Income was ₹214 Mil.

Revenue was ₹3,067 Mil.
Gross Profit was ₹1,907 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1.028 + 5343.183) / 2 = ₹2672.1055 Mil.
Total Assets at the begining of last year (Mar24) was ₹1 Mil.
Long-Term Debt & Capital Lease Obligation was ₹244 Mil.
Total Current Assets was ₹1,429 Mil.
Total Current Liabilities was ₹763 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.

OCCL's current Net Income (TTM) was 477. ==> 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.

OCCL's current Cash Flow from Operations (TTM) was 110. ==> 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)
=477.081/5343.183
=0.08928779

ROA (Last Year)=Net Income/Total Assets (Mar24)
=214.167/1.028
=208.33365759

OCCL's return on assets of this year was 0.08928779. OCCL's return on assets of last year was 208.33365759. ==> 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.

OCCL's current Net Income (TTM) was 477. OCCL's current Cash Flow from Operations (TTM) was 110. ==> 110 <= 477 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=107.923/5679.844
=0.01900105

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=244.319/2672.1055
=0.09143314

OCCL's gearing of this year was 0.01900105. OCCL's gearing of last year was 0.09143314. ==> 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
=2245.731/1242.366
=1.80762432

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1428.918/763.442
=1.87167853

OCCL's current ratio of this year was 1.80762432. OCCL's current ratio of last year was 1.87167853. ==> 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.

OCCL's number of shares in issue this year was 49.956. OCCL's number of shares in issue last year was 49.922. ==> 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
=2585.608/5059.036
=0.51108709

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1906.978/3067.335
=0.62170516

OCCL's gross margin of this year was 0.51108709. OCCL's gross margin of last year was 0.62170516. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=5059.036/5343.183
=0.94682065

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3067.335/1.028
=2983.78891051

OCCL's asset turnover of this year was 0.94682065. OCCL's asset turnover of last year was 2983.78891051. ==> 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+0+0
=3

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

OCCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
OCCL (NSE:OCCLLTD) has a Piotroski F-Score of 3 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on OCCL and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, OCCL's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, OCCL ranks #1282 out of 1563 companies in the Chemicals industry, placing it in the top 82%.
Is OCCL's Piotroski F-Score too high?
OCCL's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. OCCL's value of 3 is 40% below this industry median. Based on the distribution chart, OCCL ranks #1282 out of 1563 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, OCCL has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does OCCL's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, OCCL ranks #1282 out of 1563 companies for Piotroski F-Score. This places OCCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. OCCL's value of 3 is 40% below this benchmark. Historically, OCCL's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, OCCL has consistently been below 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. OCCL's current Piotroski F-Score of 3 is 40% below 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 OCCL 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. OCCL's current Piotroski F-Score is 3, which is 50% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OCCL stock overvalued right now?
OCCL (NSE:OCCLLTD) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Chemicals industry median of 5.00. OCCL's overall GF Score™ is 31/100 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 OCCL (NSE:OCCLLTD), the current Piotroski F-Score is 3 as of Jul. 12, 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.

OCCL Business Description

Other Exchanges 544278:India
Address Survey No. 141, Paiki of Mouje Village, Mundra, Taluka, Mundra, Mundra SEZ, District Kutch, Kachchh, GJ, IND, 370421
OCCL Ltd is engaged in manufacturing. sale, purchase, etc. of all types of chemicals and chemical products and providing all services and utilities for the same.
31GF Score

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