Popular Vehicles and Services (NSE:PVSL) Piotroski F-Score: 3 (As of Jun. 28, 2026) — 57% Below Median


NSE:PVSL Popular Vehicles and Services Ltd NSE:PVSL
30 GF Score
Price ₹92.79
! 3 Warning Signs
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What is Popular Vehicles and Services Piotroski F-Score?

Popular Vehicles and Services NSE:PVSL -1.11% 30 Piotroski F-Score is 3 as of Jun. 28, 2026, which is 57% below its 10-year median of 7.00. GuruFocus rates NSE:PVSL with a GF Score™ of 30/100. The stock has 3 warning signs investors should review. Among 1,286 Vehicles & Parts companies, Popular Vehicles and Services ranks worse than 86.47% 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

Popular Vehicles and Services 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 Popular Vehicles and Services's Piotroski F-Score or its related term are showing as below:

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

During the past 8 years, the highest Piotroski F-Score of Popular Vehicles and Services was 7. The lowest was 3. And the median was 7.

Popular Vehicles and Services  (NSE:PVSL) 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.


Popular Vehicles and Services Piotroski F-Score Related Terms


Popular Vehicles and Services Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Popular Vehicles and Services'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.

Popular Vehicles and Services Piotroski F-Score Chart

Popular Vehicles and Services Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 7.00 7.00 7.00 4.00 3.00

Popular Vehicles and Services Quarterly Data
Mar19 Mar20 Mar21 Mar22 Mar23 Jun23 Sep23 Dec23 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 Premium Member Only Premium Member Only 4.00 0.00 0.00 0.00 3.00

NSE:PVSL vs CVNA, PAG, ALTB: Piotroski F-Score Comparison

For the Auto & Truck Dealerships subindustry, Popular Vehicles and Services'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.


Popular Vehicles and Services Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Popular Vehicles and Services's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Popular Vehicles and Services's Piotroski F-Score falls into.


NSE:PVSL
30GF Score
Popular Vehicles and Services Ltd NSE:PVSL
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 ₹-125 Mil.
Cash Flow from Operations was ₹1,002 Mil.
Revenue was ₹63,811 Mil.
Gross Profit was ₹8,410 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (19045.64 + 23832.73) / 2 = ₹21439.185 Mil.
Total Assets at the begining of this year (Mar25) was ₹19,046 Mil.
Long-Term Debt & Capital Lease Obligation was ₹7,003 Mil.
Total Current Assets was ₹10,887 Mil.
Total Current Liabilities was ₹10,482 Mil.
Net Income was ₹-105 Mil.

Revenue was ₹55,412 Mil.
Gross Profit was ₹7,810 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (19566.44 + 19045.64) / 2 = ₹19306.04 Mil.
Total Assets at the begining of last year (Mar24) was ₹19,566 Mil.
Long-Term Debt & Capital Lease Obligation was ₹4,616 Mil.
Total Current Assets was ₹10,456 Mil.
Total Current Liabilities was ₹7,864 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.

Popular Vehicles and Services's current Net Income (TTM) was -125. ==> Negative ==> Score 0.

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.

Popular Vehicles and Services's current Cash Flow from Operations (TTM) was 1,002. ==> 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)
=-124.74/19045.64
=-0.00654953

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-104.63/19566.44
=-0.00534742

Popular Vehicles and Services's return on assets of this year was -0.00654953. Popular Vehicles and Services's return on assets of last year was -0.00534742. ==> 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.

Popular Vehicles and Services's current Net Income (TTM) was -125. Popular Vehicles and Services's current Cash Flow from Operations (TTM) was 1,002. ==> 1,002 > -125 ==> 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
=7002.81/21439.185
=0.32663602

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4616.17/19306.04
=0.23910496

Popular Vehicles and Services's gearing of this year was 0.32663602. Popular Vehicles and Services's gearing of last year was 0.23910496. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=10887.15/10482.47
=1.03860541

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=10456.31/7864.03
=1.3296376

Popular Vehicles and Services's current ratio of this year was 1.03860541. Popular Vehicles and Services's current ratio of last year was 1.3296376. ==> 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.

Popular Vehicles and Services's number of shares in issue this year was 71.28. Popular Vehicles and Services's number of shares in issue last year was 71.177. ==> 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
=8409.95/63810.96
=0.13179476

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7810.26/55412.29
=0.14094815

Popular Vehicles and Services's gross margin of this year was 0.13179476. Popular Vehicles and Services's gross margin of last year was 0.14094815. ==> 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)
=63810.96/19045.64
=3.35042351

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=55412.29/19566.44
=2.83200674

Popular Vehicles and Services's asset turnover of this year was 3.35042351. Popular Vehicles and Services's asset turnover of last year was 2.83200674. ==> 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
=0+1+0+1+0+0+0+0+1
=3

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

Popular Vehicles and Services 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?
Popular Vehicles and Services (NSE:PVSL) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Popular Vehicles and Services and its competitors. This is 57% below median its historical median of 7.00. Over the past decade, Popular Vehicles and Services' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Popular Vehicles and Services ranks #1112 out of 1286 companies in the Vehicles & Parts industry, placing it in the top 86.5%.
Is Popular Vehicles and Services' Piotroski F-Score too high?
Popular Vehicles and Services' current Piotroski F-Score of 3 is 57% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Popular Vehicles and Services' value of 3 is 40% below this industry median. Based on the distribution chart, Popular Vehicles and Services ranks #1112 out of 1286 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Popular Vehicles and Services has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Popular Vehicles and Services' Piotroski F-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Popular Vehicles and Services ranks #1112 out of 1286 companies for Piotroski F-Score. This places Popular Vehicles and Services in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Popular Vehicles and Services' value of 3 is 40% below this benchmark. Historically, Popular Vehicles and Services' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Popular Vehicles and Services 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,286 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. Popular Vehicles and Services'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 Popular Vehicles and Services and its competitors. For the Vehicles & Parts 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. Popular Vehicles and Services's current Piotroski F-Score is 3, which is 57% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Popular Vehicles and Services stock overvalued right now?
Popular Vehicles and Services (NSE:PVSL) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 57% below median its 10-year median of 7.00 and 40% below the Vehicles & Parts industry median of 5.00. Popular Vehicles and Services' overall GF Score™ is 30/100 with 3 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 Popular Vehicles and Services (NSE:PVSL), the current Piotroski F-Score is 3 as of Jun. 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.

Popular Vehicles and Services Business Description

Other Exchanges 544144:India
Address Kuttukaran Centre, Mamangalam, Cochin, Ernakulam, KL, IND, 682025
Popular Vehicles and Services Ltd is engaged in automobile dealerships in India. It caters to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, facilitating the sale and exchange of pre-owned vehicles, operating driving schools, and facilitating the sale of third-party financial and insurance products. The group has structured its business broadly into four verticals-Passenger cars (excluding luxury vehicles), Luxury vehicles, Commercial vehicles, and others. Others comprise spare parts retail sales - other than through the respective business segments and sale of electric vehicles - two-wheelers and three-wheelers. Key revenue is generated from the passenger cars segment.
30GF Score

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