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Sanghvi Movers (NSE:SANGHVIMOV) Piotroski F-Score : 8 (As of Mar. 03, 2025)


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What is Sanghvi Movers Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Sanghvi Movers has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

NSE:SANGHVIMOV' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Sanghvi Movers was 8. The lowest was 2. And the median was 5.


Sanghvi Movers Piotroski F-Score Historical Data

The historical data trend for Sanghvi Movers'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.

* Premium members only.

Sanghvi Movers Piotroski F-Score Chart

Sanghvi Movers Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 6.00 7.00 8.00 8.00

Sanghvi Movers Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - 8.00 - - -

Competitive Comparison of Sanghvi Movers's Piotroski F-Score

For the Rental & Leasing Services subindustry, Sanghvi Movers'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.


Sanghvi Movers's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sanghvi Movers's Piotroski F-Score distribution charts can be found below:

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


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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was ₹1,879 Mil.
Cash Flow from Operations was ₹3,045 Mil.
Revenue was ₹6,185 Mil.
Gross Profit was ₹5,956 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (11207.098 + 14244.627) / 2 = ₹12725.8625 Mil.
Total Assets at the begining of this year (Mar23) was ₹11,207 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,606 Mil.
Total Current Assets was ₹3,724 Mil.
Total Current Liabilities was ₹2,030 Mil.
Net Income was ₹1,120 Mil.

Revenue was ₹4,558 Mil.
Gross Profit was ₹4,355 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (9642.044 + 11207.098) / 2 = ₹10424.571 Mil.
Total Assets at the begining of last year (Mar22) was ₹9,642 Mil.
Long-Term Debt & Capital Lease Obligation was ₹935 Mil.
Total Current Assets was ₹2,378 Mil.
Total Current Liabilities was ₹1,386 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.

Sanghvi Movers's current Net Income (TTM) was 1,879. ==> 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.

Sanghvi Movers's current Cash Flow from Operations (TTM) was 3,045. ==> 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 (Mar23)
=1879.417/11207.098
=0.16769881

ROA (Last Year)=Net Income/Total Assets (Mar22)
=1120.407/9642.044
=0.11620015

Sanghvi Movers's return on assets of this year was 0.16769881. Sanghvi Movers's return on assets of last year was 0.11620015. ==> 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.

Sanghvi Movers's current Net Income (TTM) was 1,879. Sanghvi Movers's current Cash Flow from Operations (TTM) was 3,045. ==> 3,045 > 1,879 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1605.817/12725.8625
=0.12618532

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=935.31/10424.571
=0.08972168

Sanghvi Movers's gearing of this year was 0.12618532. Sanghvi Movers's gearing of last year was 0.08972168. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=3723.774/2029.618
=1.83471668

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=2377.756/1386.186
=1.71532247

Sanghvi Movers's current ratio of this year was 1.83471668. Sanghvi Movers's current ratio of last year was 1.71532247. ==> 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.

Sanghvi Movers's number of shares in issue this year was 86.576. Sanghvi Movers's number of shares in issue last year was 86.576. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=5955.546/6185.357
=0.96284596

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4355.02/4557.825
=0.955504

Sanghvi Movers's gross margin of this year was 0.96284596. Sanghvi Movers's gross margin of last year was 0.955504. ==> 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 (Mar23)
=6185.357/11207.098
=0.55191424

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=4557.825/9642.044
=0.47270319

Sanghvi Movers's asset turnover of this year was 0.55191424. Sanghvi Movers's asset turnover of last year was 0.47270319. ==> 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+1+1+1
=8

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

Sanghvi Movers has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Sanghvi Movers  (NSE:SANGHVIMOV) 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.


Sanghvi Movers Piotroski F-Score Related Terms

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Sanghvi Movers Business Description

Traded in Other Exchanges
Address
Survey No. 92, Tathawade, Taluka Mulshi, Pune, MH, IND, 411033
Sanghvi Movers Ltd operates as a crane rental company in India. The company is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure and core sector areas with a fleet of medium to large-size hydraulic truck-mounted telescopic and lattice boom cranes. The company generates its revenue by providing cranes, trailers on hire, and other ancillary services within India. It provides services to turnkey projects, providing well-maintained equipment, technical services, and skilled manpower.

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