Sungarner Energies (NSE:SEL) Piotroski F-Score: 2 (As of Jun. 30, 2026) — 60% Below Median


NSE:SEL Sungarner Energies Ltd NSE:SEL
42 GF Score
Price ₹181.00
! 7 Warning Signs
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What is Sungarner Energies Piotroski F-Score?

Sungarner Energies NSE:SEL -1.25% 42 Piotroski F-Score is 2 as of Jun. 30, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates NSE:SEL with a GF Score™ of 42/100. The stock has 7 warning signs investors should review. Among 2,971 Industrial Products companies, Sungarner Energies ranks worse than 93.03% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Sungarner Energies has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

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

During the past 6 years, the highest Piotroski F-Score of Sungarner Energies was 6. The lowest was 2. And the median was 5.

Sungarner Energies  (NSE:SEL) 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.


Sungarner Energies Piotroski F-Score Related Terms


Sungarner Energies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sungarner Energies'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.

Sungarner Energies Piotroski F-Score Chart

Sungarner Energies Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 6.00 5.00 2.00

Sungarner Energies Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score Get a 7-Day Free Trial N/A 5.00 6.00 5.00 2.00

NSE:SEL vs VRT, BE: Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, Sungarner Energies'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.


Sungarner Energies Piotroski F-Score vs Industrial Products Industry

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

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


NSE:SEL
42GF Score
Sungarner Energies Ltd NSE:SEL
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 ₹16.6 Mil.
Cash Flow from Operations was ₹-51.4 Mil.
Revenue was ₹334.9 Mil.
Gross Profit was ₹115.1 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (185.086 + 401.658) / 2 = ₹293.372 Mil.
Total Assets at the begining of this year (Mar24) was ₹185.1 Mil.
Long-Term Debt & Capital Lease Obligation was ₹47.0 Mil.
Total Current Assets was ₹358.5 Mil.
Total Current Liabilities was ₹236.7 Mil.
Net Income was ₹10.7 Mil.

Revenue was ₹176.9 Mil.
Gross Profit was ₹85.4 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (101.467 + 185.086) / 2 = ₹143.2765 Mil.
Total Assets at the begining of last year (Mar23) was ₹101.5 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1.3 Mil.
Total Current Assets was ₹161.3 Mil.
Total Current Liabilities was ₹82.7 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.

Sungarner Energies's current Net Income (TTM) was 16.6. ==> 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.

Sungarner Energies's current Cash Flow from Operations (TTM) was -51.4. ==> Negative ==> Score 0.

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)
=16.562/185.086
=0.08948273

ROA (Last Year)=Net Income/Total Assets (Mar23)
=10.724/101.467
=0.10568953

Sungarner Energies's return on assets of this year was 0.08948273. Sungarner Energies's return on assets of last year was 0.10568953. ==> 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.

Sungarner Energies's current Net Income (TTM) was 16.6. Sungarner Energies's current Cash Flow from Operations (TTM) was -51.4. ==> -51.4 <= 16.6 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=46.983/293.372
=0.16014821

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1.265/143.2765
=0.00882908

Sungarner Energies's gearing of this year was 0.16014821. Sungarner Energies's gearing of last year was 0.00882908. ==> 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
=358.493/236.725
=1.51438589

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=161.263/82.701
=1.94995224

Sungarner Energies's current ratio of this year was 1.51438589. Sungarner Energies's current ratio of last year was 1.94995224. ==> 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.

Sungarner Energies's number of shares in issue this year was 2.319. Sungarner Energies's number of shares in issue last year was 2.053. ==> 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
=115.077/334.907
=0.34360882

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=85.382/176.892
=0.4826787

Sungarner Energies's gross margin of this year was 0.34360882. Sungarner Energies's gross margin of last year was 0.4826787. ==> 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)
=334.907/185.086
=1.80946695

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=176.892/101.467
=1.74334513

Sungarner Energies's asset turnover of this year was 1.80946695. Sungarner Energies's asset turnover of last year was 1.74334513. ==> 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+0+0+0+0+0+0+0+1
=2

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

Sungarner Energies has an F-score of 2. 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 2 mean?
Sungarner Energies (NSE:SEL) has a Piotroski F-Score of 2 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sungarner Energies and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Sungarner Energies' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Sungarner Energies ranks #2764 out of 2971 companies in the Industrial Products industry, placing it in the top 93%.
Is Sungarner Energies' Piotroski F-Score too high?
Sungarner Energies' current Piotroski F-Score of 2 is 60% below 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 6.00. The Industrial Products industry median Piotroski F-Score is 5.00. Sungarner Energies' value of 2 is 60% below this industry median. Based on the distribution chart, Sungarner Energies ranks #2764 out of 2971 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Sungarner Energies has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Sungarner Energies' Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Sungarner Energies ranks #2764 out of 2971 companies for Piotroski F-Score. This places Sungarner Energies in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Sungarner Energies' value of 2 is 60% below this benchmark. Historically, Sungarner Energies' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Sungarner Energies 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,971 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. Sungarner Energies's current Piotroski F-Score of 2 is 60% 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 Sungarner Energies 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. Sungarner Energies's current Piotroski F-Score is 2, which is 60% 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 Sungarner Energies stock overvalued right now?
Sungarner Energies (NSE:SEL) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Industrial Products industry median of 5.00. Sungarner Energies' overall GF Score™ is 42/100 with 7 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 Sungarner Energies (NSE:SEL), the current Piotroski F-Score is 2 as of Jun. 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.

Sungarner Energies Business Description

Address Plot No. 113, Udyog Kendra-II, Sector Ecotech - III, Gautam Budh Nagar, Greater Noida, UP, IND, 201306
Sungarner Energies Ltd offers a wide range of power solutions. It is engaged in the manufacturing, design, and engineering of Power Equipment and Appliances such as Online UPS, Solar Inverters, EV Chargers, Storage Solutions (Lead Acid and Lithium-ion), Solar Equipment, and Installation and Commissioning of Solar Power Plants. The company provides these products and services to corporate houses/Channel Partners all over India and abroad. Geographically, the company generates the majority of its revenue from the domestic market.
42GF Score

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

₹181.00
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