Owais Metal and Mineral Processing (NSE:OWAIS) Piotroski F-Score: 3 (As of Jul. 28, 2026) — Near Median

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NSE:OWAIS Owais Metal and Mineral Processing Ltd NSE:OWAIS
18 GF Score
Price ₹99.50
! 4 Warning Signs
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What is Owais Metal and Mineral Processing Piotroski F-Score?

Owais Metal and Mineral Processing NSE:OWAIS +0.20% 18 Piotroski F-Score is 3 as of Jul. 28, 2026, which is at its 10-year median of 3.00. GuruFocus rates NSE:OWAIS with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 2,500 Metals & Mining companies, Owais Metal and Mineral Processing ranks better than 59.12% 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

Owais Metal and Mineral Processing 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 Owais Metal and Mineral Processing's Piotroski F-Score or its related term are showing as below:

NSE:OWAIS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 3   Max: 3
Current: 3

During the past 3 years, the highest Piotroski F-Score of Owais Metal and Mineral Processing was 3. The lowest was 3. And the median was 3.

Owais Metal and Mineral Processing  (NSE:OWAIS) 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.


Owais Metal and Mineral Processing Piotroski F-Score Related Terms


Owais Metal and Mineral Processing Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Owais Metal and Mineral Processing'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.

Owais Metal and Mineral Processing Piotroski F-Score Chart

Owais Metal and Mineral Processing Annual Data
Trend Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 3.00

Owais Metal and Mineral Processing Semi-Annual Data
Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Piotroski F-Score Get a 7-Day Free Trial 0.00 N/A 0.00 3.00 0.00

Owais Metal and Mineral Processing Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Owais Metal and Mineral Processing'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.


Owais Metal and Mineral Processing Piotroski F-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Owais Metal and Mineral Processing's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Owais Metal and Mineral Processing's Piotroski F-Score falls into.


NSE:OWAIS
18GF Score
Owais Metal and Mineral Processing Ltd NSE:OWAIS
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was ₹470 Mil.
Cash Flow from Operations was ₹159 Mil.
Revenue was ₹2,134 Mil.
Gross Profit was ₹694 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (905.52 + 1978.303) / 2 = ₹1441.9115 Mil.
Total Assets at the begining of this year (Mar24) was ₹906 Mil.
Long-Term Debt & Capital Lease Obligation was ₹190 Mil.
Total Current Assets was ₹1,459 Mil.
Total Current Liabilities was ₹669 Mil.
Net Income was ₹155 Mil.

Revenue was ₹800 Mil.
Gross Profit was ₹240 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (37.962 + 905.52) / 2 = ₹471.741 Mil.
Total Assets at the begining of last year (Mar23) was ₹38 Mil.
Long-Term Debt & Capital Lease Obligation was ₹61 Mil.
Total Current Assets was ₹609 Mil.
Total Current Liabilities was ₹160 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.

Owais Metal and Mineral Processing's current Net Income (TTM) was 470. ==> 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.

Owais Metal and Mineral Processing's current Cash Flow from Operations (TTM) was 159. ==> 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)
=470.191/905.52
=0.51924971

ROA (Last Year)=Net Income/Total Assets (Mar23)
=154.661/37.962
=4.07410042

Owais Metal and Mineral Processing's return on assets of this year was 0.51924971. Owais Metal and Mineral Processing's return on assets of last year was 4.07410042. ==> 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.

Owais Metal and Mineral Processing's current Net Income (TTM) was 470. Owais Metal and Mineral Processing's current Cash Flow from Operations (TTM) was 159. ==> 159 <= 470 ==> 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
=189.71/1441.9115
=0.13156841

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=61.328/471.741
=0.13000354

Owais Metal and Mineral Processing's gearing of this year was 0.13156841. Owais Metal and Mineral Processing's gearing of last year was 0.13000354. ==> Last year is lower than this year ==> Score 0.

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
=1458.732/669.336
=2.1793718

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=609.42/160.367
=3.80015839

Owais Metal and Mineral Processing's current ratio of this year was 2.1793718. Owais Metal and Mineral Processing's current ratio of last year was 3.80015839. ==> 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.

Owais Metal and Mineral Processing's number of shares in issue this year was 18.182. Owais Metal and Mineral Processing's number of shares in issue last year was 13.556. ==> 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
=694.486/2134.107
=0.3254223

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=240.32/800.473
=0.30022249

Owais Metal and Mineral Processing's gross margin of this year was 0.3254223. Owais Metal and Mineral Processing's gross margin of last year was 0.30022249. ==> 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)
=2134.107/905.52
=2.35677511

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=800.473/37.962
=21.08616511

Owais Metal and Mineral Processing's asset turnover of this year was 2.35677511. Owais Metal and Mineral Processing's asset turnover of last year was 21.08616511. ==> 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+0+0+0+1+0
=3

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

Owais Metal and Mineral Processing 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?
Owais Metal and Mineral Processing (NSE:OWAIS) has a Piotroski F-Score of 3 as of Jul. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Owais Metal and Mineral Processing and its competitors. This is near median its historical median of 3.00. Over the past decade, Owais Metal and Mineral Processing's Piotroski F-Score has ranged from 3.00 to 3.00. According to the industry distribution chart, Owais Metal and Mineral Processing ranks #1022 out of 2500 companies in the Metals & Mining industry, placing it in the top 40.9%.
Is Owais Metal and Mineral Processing's Piotroski F-Score too high?
Owais Metal and Mineral Processing's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 3.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Owais Metal and Mineral Processing's value of 3 is 0% at this industry median. Based on the distribution chart, Owais Metal and Mineral Processing ranks #1022 out of 2500 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Owais Metal and Mineral Processing has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Owais Metal and Mineral Processing's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Owais Metal and Mineral Processing ranks #1022 out of 2500 companies for Piotroski F-Score. This puts Owais Metal and Mineral Processing in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Owais Metal and Mineral Processing's value of 3 is 0% at this benchmark. Historically, Owais Metal and Mineral Processing's own Piotroski F-Score has ranged from 3.00 to 3.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Owais Metal and Mineral Processing has consistently been at 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 2,500 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. Owais Metal and Mineral Processing's current Piotroski F-Score of 3 is 0% at 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 Owais Metal and Mineral Processing 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. Owais Metal and Mineral Processing's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Owais Metal and Mineral Processing stock overvalued right now?
Owais Metal and Mineral Processing (NSE:OWAIS) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 0% at the Metals & Mining industry median of 3.00. Owais Metal and Mineral Processing's overall GF Score™ is 18/100 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 Owais Metal and Mineral Processing (NSE:OWAIS), the current Piotroski F-Score is 3 as of Jul. 28, 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.

Owais Metal and Mineral Processing Business Description

Address C/o Sayyad Akhtar Ali, Old Baipass Road, Near Ahinsa Gram Old Jaora, Vahid Nagar, Ratlam, MP, IND, 457001
Owais Metal and Mineral Processing Ltd is a company engaged in the manufacture and processing of various metals and minerals diversified across the broad spectrum of natural resources, with main interests in manufacturing and processing metal and minerals. The company is engaged in the manufacturing and processing of the following products which are Manganese Oxide (MNO), MC Ferro Manganese, Manufacturing Wood Charcoal, and Processing of Minerals such as Ferro Alloy, Quartz, and Manganese Ores. Its products, like Manganese Oxide, are used in the fertilizer industry and are also used by Manganese Sulphate Plants. Geographically, the company operates only in India.
18GF Score

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