Ravindra Energy (NSE:RELTD) Piotroski F-Score: 6 (As of Jul. 01, 2026) — 20% Above Median


NSE:RELTD Ravindra Energy Ltd NSE:RELTD
45 GF Score
Price ₹165.28
GF Value ₹175.49
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Ravindra Energy Piotroski F-Score?

Ravindra Energy NSE:RELTD +1.41% 45 Piotroski F-Score is 6 as of Jul. 01, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates NSE:RELTD with a GF Score™ of 45/100 and a GF Value™ of ₹175.49 (Fairly Valued). The stock has 4 warning signs investors should review. Among 989 Semiconductors companies, Ravindra Energy ranks better than 80.18% 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

Ravindra Energy has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

NSE:RELTD' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Ravindra Energy was 7. The lowest was 2. And the median was 5.

Ravindra Energy  (NSE:RELTD) 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.


Ravindra Energy Piotroski F-Score Related Terms


Ravindra Energy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ravindra Energy'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.

Ravindra Energy Piotroski F-Score Chart

Ravindra Energy 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 7.00 5.00 4.00 3.00 6.00

Ravindra Energy Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.00 6.00 0.00 0.00 0.00

NSE:RELTD vs FSLR, NXT, ENPH: Piotroski F-Score Comparison

For the Solar subindustry, Ravindra Energy'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.


Ravindra Energy Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Ravindra Energy's Piotroski F-Score distribution charts can be found below:

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


NSE:RELTD
45GF Score
Ravindra Energy Ltd NSE:RELTD
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 ₹217 Mil.
Cash Flow from Operations was ₹709 Mil.
Revenue was ₹2,504 Mil.
Gross Profit was ₹691 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (4041.75 + 6511.49) / 2 = ₹5276.62 Mil.
Total Assets at the begining of this year (Mar24) was ₹4,042 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,060 Mil.
Total Current Assets was ₹1,436 Mil.
Total Current Liabilities was ₹566 Mil.
Net Income was ₹-516 Mil.

Revenue was ₹1,310 Mil.
Gross Profit was ₹573 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (4553.91 + 4041.75) / 2 = ₹4297.83 Mil.
Total Assets at the begining of last year (Mar23) was ₹4,554 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,140 Mil.
Total Current Assets was ₹1,109 Mil.
Total Current Liabilities was ₹918 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.

Ravindra Energy's current Net Income (TTM) was 217. ==> 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.

Ravindra Energy's current Cash Flow from Operations (TTM) was 709. ==> 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)
=216.63/4041.75
=0.05359807

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-515.6/4553.91
=-0.11322139

Ravindra Energy's return on assets of this year was 0.05359807. Ravindra Energy's return on assets of last year was -0.11322139. ==> 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.

Ravindra Energy's current Net Income (TTM) was 217. Ravindra Energy's current Cash Flow from Operations (TTM) was 709. ==> 709 > 217 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2059.97/5276.62
=0.39039575

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1140.24/4297.83
=0.26530598

Ravindra Energy's gearing of this year was 0.39039575. Ravindra Energy's gearing of last year was 0.26530598. ==> 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
=1436.38/566.38
=2.53607119

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1109.48/917.89
=1.20872871

Ravindra Energy's current ratio of this year was 2.53607119. Ravindra Energy's current ratio of last year was 1.20872871. ==> This year's current ratio is higher. ==> Score 1.

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.

Ravindra Energy's number of shares in issue this year was 168.907. Ravindra Energy's number of shares in issue last year was 149.546. ==> 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
=691.22/2504.22
=0.27602207

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=573.04/1309.67
=0.43754534

Ravindra Energy's gross margin of this year was 0.27602207. Ravindra Energy's gross margin of last year was 0.43754534. ==> 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 (Mar24)
=2504.22/4041.75
=0.61958805

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1309.67/4553.91
=0.28759242

Ravindra Energy's asset turnover of this year was 0.61958805. Ravindra Energy's asset turnover of last year was 0.28759242. ==> 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
=1+1+1+1+0+1+0+0+1
=6

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

Ravindra Energy has an F-score of 6 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 6 mean?
Ravindra Energy (NSE:RELTD) has a Piotroski F-Score of 6 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ravindra Energy and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Ravindra Energy's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Ravindra Energy ranks #196 out of 989 companies in the Semiconductors industry, placing it in the top 19.8%.
Is Ravindra Energy's Piotroski F-Score too high?
Ravindra Energy's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. Ravindra Energy's value of 6 is 20% above this industry median. Based on the distribution chart, Ravindra Energy ranks #196 out of 989 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Ravindra Energy has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ravindra Energy's Piotroski F-Score compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Ravindra Energy ranks #196 out of 989 companies for Piotroski F-Score. This places Ravindra Energy in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Ravindra Energy's value of 6 is 20% above this benchmark. Historically, Ravindra Energy's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Ravindra Energy has consistently been above 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 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. Ravindra Energy's current Piotroski F-Score of 6 is 20% above 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 Ravindra Energy and its competitors. For the Semiconductors 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. Ravindra Energy's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ravindra Energy stock overvalued right now?
Based on GuruFocus' analysis, Ravindra Energy (NSE:RELTD) is currently considered Fairly Valued. The stock's GF Value™ is ₹175.49, compared to a current price of ₹165.28 — trading 5.8% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Semiconductors industry median of 5.00. Ravindra Energy's overall GF Score™ is 45/100 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 Ravindra Energy (NSE:RELTD), the current Piotroski F-Score is 6 as of Jul. 01, 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.

Is Ravindra Energy (NSE:RELTD) Overvalued in 2026?

Based on GuruFocus' analysis, Ravindra Energy stock appears to be undervalued. The current stock price of ₹165.28 is trading 5.8% below its estimated GF Value™ of ₹175.49. GuruFocus considers Ravindra Energy to be Fairly Valued.

Key valuation signals for NSE:RELTD:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ₹175.49 vs. price of ₹165.28 (5.8% below fair value)
  • GF Score™: 45/100 with 4 warning signs
  • Industry Position: 20% above the Semiconductors median (#196 of 989)

No single metric tells the full story. See the NSE:RELTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ravindra Energy Business Description

Other Exchanges 504341:India
Address Havelock Road, BC 105, Camp, Belagavi, KA, IND, 590001
Ravindra Energy Ltd is a holding company. The company is principally engaged in selling solar pumps, setting up solar generation power plants, and generating and sale of power. It generates a majority of its revenue from the Solar business.
45GF Score

Get the complete analysis for NSE:RELTD

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹165.28
Price
₹175.49
GF Value