Rajputana Industries (NSE:RAJINDLTD) Piotroski F-Score: 5 (As of Aug. 30, 2026) — 17% Below Median

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NSE:RAJINDLTD Rajputana Industries Ltd NSE:RAJINDLTD
42 GF Score
Price ₹65.25
! 4 Warning Signs
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What is Rajputana Industries Piotroski F-Score?

Rajputana Industries NSE:RAJINDLTD 42 Piotroski F-Score is 5 as of Aug. 30, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates NSE:RAJINDLTD with a GF Score™ of 42/100. The stock has 4 warning signs investors should review. Among 2,992 Industrial Products companies, Rajputana Industries ranks better than 56.15% on this metric.

The zones of discrimination were as such:

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

Rajputana Industries has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

NSE:RAJINDLTD' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 6 years, the highest Piotroski F-Score of Rajputana Industries was 7. The lowest was 5. And the median was 6.

Rajputana Industries  (NSE:RAJINDLTD) 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.


Rajputana Industries Piotroski F-Score Related Terms


Rajputana Industries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Rajputana Industries'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.

Rajputana Industries Piotroski F-Score Chart

Rajputana Industries Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 7.00 5.00 5.00

Rajputana Industries Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Mar25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 6.00 0.00 7.00 5.00 5.00

NSE:RAJINDLTD vs CRS, ATI, MLI: Piotroski F-Score Comparison

For the Metal Fabrication subindustry, Rajputana Industries'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.


Rajputana Industries Piotroski F-Score vs Industrial Products Industry

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

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


NSE:RAJINDLTD
42GF Score
Rajputana Industries Ltd NSE:RAJINDLTD
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹122 Mil.
Cash Flow from Operations was ₹90 Mil.
Revenue was ₹6,896 Mil.
Gross Profit was ₹308 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1893.101 + 2516.243) / 2 = ₹2204.672 Mil.
Total Assets at the begining of this year (Mar25) was ₹1,893 Mil.
Long-Term Debt & Capital Lease Obligation was ₹191 Mil.
Total Current Assets was ₹1,811 Mil.
Total Current Liabilities was ₹1,502 Mil.
Net Income was ₹83 Mil.

Revenue was ₹5,460 Mil.
Gross Profit was ₹192 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1497.481 + 1893.101) / 2 = ₹1695.291 Mil.
Total Assets at the begining of last year (Mar24) was ₹1,497 Mil.
Long-Term Debt & Capital Lease Obligation was ₹270 Mil.
Total Current Assets was ₹1,259 Mil.
Total Current Liabilities was ₹929 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.

Rajputana Industries's current Net Income (TTM) was 122. ==> 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.

Rajputana Industries's current Cash Flow from Operations (TTM) was 90. ==> 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)
=122.32/1893.101
=0.06461356

ROA (Last Year)=Net Income/Total Assets (Mar24)
=82.691/1497.481
=0.05522007

Rajputana Industries's return on assets of this year was 0.06461356. Rajputana Industries's return on assets of last year was 0.05522007. ==> 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.

Rajputana Industries's current Net Income (TTM) was 122. Rajputana Industries's current Cash Flow from Operations (TTM) was 90. ==> 90 <= 122 ==> 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
=190.73/2204.672
=0.08651174

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=269.738/1695.291
=0.15911015

Rajputana Industries's gearing of this year was 0.08651174. Rajputana Industries's gearing of last year was 0.15911015. ==> 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
=1810.801/1501.886
=1.20568472

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1259.274/929.429
=1.35488994

Rajputana Industries's current ratio of this year was 1.20568472. Rajputana Industries's current ratio of last year was 1.35488994. ==> 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.

Rajputana Industries's number of shares in issue this year was 22.215. Rajputana Industries's number of shares in issue last year was 19.906. ==> 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
=307.835/6896.48
=0.04463654

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=192.19/5460.302
=0.03519769

Rajputana Industries's gross margin of this year was 0.04463654. Rajputana Industries's gross margin of last year was 0.03519769. ==> 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)
=6896.48/1893.101
=3.64295407

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=5460.302/1497.481
=3.64632473

Rajputana Industries's asset turnover of this year was 3.64295407. Rajputana Industries's asset turnover of last year was 3.64632473. ==> 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+1+0+1+0+0+1+0
=5

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

Rajputana Industries has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Rajputana Industries (NSE:RAJINDLTD) has a Piotroski F-Score of 5 as of Aug. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Rajputana Industries and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Rajputana Industries' Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Rajputana Industries ranks #1312 out of 2992 companies in the Industrial Products industry, placing it in the top 43.9%.
Is Rajputana Industries' Piotroski F-Score too high?
Rajputana Industries' current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Rajputana Industries' value of 5 is 0% at this industry median. Based on the distribution chart, Rajputana Industries ranks #1312 out of 2992 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Rajputana Industries has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Rajputana Industries' Piotroski F-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Rajputana Industries ranks #1312 out of 2992 companies for Piotroski F-Score. This puts Rajputana Industries in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Rajputana Industries' value of 5 is 0% at this benchmark. Historically, Rajputana Industries' own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Rajputana Industries 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,992 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. Rajputana Industries's current Piotroski F-Score of 5 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 Rajputana Industries 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. Rajputana Industries's current Piotroski F-Score is 5, which is 17% 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 Rajputana Industries stock overvalued right now?
Rajputana Industries (NSE:RAJINDLTD) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Industrial Products industry median of 5.00. Rajputana Industries' overall GF Score™ is 42/100 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 Rajputana Industries (NSE:RAJINDLTD), the current Piotroski F-Score is 5 as of Aug. 30, 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.

Rajputana Industries Business Description

Address Road No. 13, F-269-B, V.K.I. Area, Jaipur, RJ, IND, 302013
Rajputana Industries Ltd is engaged in the business of manufacturing of non-ferrous metal products from Copper, Aluminium, Brass, and various alloys from the recycling of scrap metal. Its products include Copper rods, Aluminium rods, Copper mother tubes, brass wires, super enameled copper conductors, and many more products.
42GF Score

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