Rail Vikas NigamNSE:RVNL -0.46%72 Piotroski F-Score is 3 as of Jul. 04, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates NSE:RVNL with a GF Score™ of 72/100 and a GF Value™ of ₹348.75 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,731 Construction companies, Rail Vikas Nigam ranks worse than 81.86% 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
Rail Vikas Nigam 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 Rail Vikas Nigam's Piotroski F-Score or its related term are showing as below:
NSE:RVNL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 9
Current: 3
During the past 13 years, the highest Piotroski F-Score of Rail Vikas Nigam was 9. The lowest was 3. And the median was 5.
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.
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.
Rail Vikas Nigam Piotroski F-Score Related Terms
Rail Vikas Nigam Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Rail Vikas Nigam'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.
NSE:RVNL vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Rail Vikas Nigam'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.
Rail Vikas Nigam Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Rail Vikas Nigam's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Rail Vikas Nigam's Piotroski F-Score falls into.
* 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.
*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.
Rail Vikas Nigam's current Net Income (TTM) was 8,747.
==> 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.
Rail Vikas Nigam's return on assets of this year was 0.04270593. Rail Vikas Nigam's return on assets of last year was 0.06526442.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Rail Vikas Nigam's gearing of this year was 0.20493086. Rail Vikas Nigam's gearing of last year was 0.24471939.
==> 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
Rail Vikas Nigam's current ratio of this year was 1.90510626. Rail Vikas Nigam's current ratio of last year was 2.06420497.
==> 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.
Rail Vikas Nigam's number of shares in issue this year was 2082.595. Rail Vikas Nigam's number of shares in issue last year was 2084.274.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
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.
Rail Vikas Nigam's gross margin of this year was 0.06001043. Rail Vikas Nigam's gross margin of last year was 0.07474885.
==> 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
Rail Vikas Nigam's asset turnover of this year was 0.99660282. Rail Vikas Nigam's asset turnover of last year was 1.01770373.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Rail Vikas Nigam has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Rail Vikas Nigam (NSE:RVNL) has a Piotroski F-Score of 3 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Rail Vikas Nigam and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Rail Vikas Nigam's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Rail Vikas Nigam ranks #1417 out of 1731 companies in the Construction industry, placing it in the top 81.9%.
Is Rail Vikas Nigam's Piotroski F-Score too high?
Rail Vikas Nigam's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. Rail Vikas Nigam's value of 3 is 40% below this industry median. Based on the distribution chart, Rail Vikas Nigam ranks #1417 out of 1731 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Rail Vikas Nigam has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Rail Vikas Nigam's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Rail Vikas Nigam ranks #1417 out of 1731 companies for Piotroski F-Score. This places Rail Vikas Nigam in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Rail Vikas Nigam's value of 3 is 40% below this benchmark. Historically, Rail Vikas Nigam's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Rail Vikas Nigam 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,731 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. Rail Vikas Nigam'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 Rail Vikas Nigam and its competitors. For the Construction 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. Rail Vikas Nigam's current Piotroski F-Score is 3, which is 40% below 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 Rail Vikas Nigam stock overvalued right now?
Based on GuruFocus' analysis, Rail Vikas Nigam (NSE:RVNL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹348.75, compared to a current price of ₹235.77 — trading 32.4% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Construction industry median of 5.00. Rail Vikas Nigam's overall GF Score™ is 72/100 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 Rail Vikas Nigam (NSE:RVNL), the current Piotroski F-Score is 3 as of Jul. 04, 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 Rail Vikas Nigam (NSE:RVNL) Overvalued in 2026?
Based on GuruFocus' analysis, Rail Vikas Nigam stock appears to be undervalued.
The current stock price of ₹235.77 is trading 32.4% below its estimated GF Value™ of ₹348.75.
GuruFocus considers Rail Vikas Nigam to be Possible Value Trap.
Key valuation signals for NSE:RVNL:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: ₹348.75 vs. price of ₹235.77 (32.4% below fair value)
Industry Position: 40% below the Construction median (#1417 of 1731)
No single metric tells the full story. See the NSE:RVNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rail Vikas Nigam Ltd is an Indian-based company, engaged in the business of implementing various types of Rail infrastructure projects. It executes projects such as new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, bridges, construction of cable-stayed bridges, institution buildings, and others. The company has only one reportable segment namely, Development of Railway Infrastructure.
72GF Score
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