Teerth Gopicon (NSE:TGL) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 17% Below Median


NSE:TGL Teerth Gopicon Ltd NSE:TGL
13 GF Score
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What is Teerth Gopicon Piotroski F-Score?

Teerth Gopicon NSE:TGL -3.74% 13 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates NSE:TGL with a GF Score™ of 13/100. The stock has 5 warning signs investors should review. Among 1,735 Construction companies, Teerth Gopicon ranks better than 52.8% 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

Teerth Gopicon 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 Teerth Gopicon's Piotroski F-Score or its related term are showing as below:

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

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

Teerth Gopicon  (NSE:TGL) 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.


Teerth Gopicon Piotroski F-Score Related Terms


Teerth Gopicon Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Teerth Gopicon'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.

Teerth Gopicon Piotroski F-Score Chart

Teerth Gopicon Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 6.00 7.00 5.00

Teerth Gopicon Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25
Piotroski F-Score Get a 7-Day Free Trial 6.00 0.00 7.00 0.00 5.00

NSE:TGL vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Teerth Gopicon'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.


Teerth Gopicon Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Teerth Gopicon's Piotroski F-Score distribution charts can be found below:

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


NSE:TGL
13GF Score
Teerth Gopicon Ltd NSE:TGL
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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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was ₹128 Mil.
Cash Flow from Operations was ₹-225 Mil.
Revenue was ₹1,183 Mil.
Gross Profit was ₹350 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (1362.3 + 1745.1) / 2 = ₹1553.7 Mil.
Total Assets at the begining of this year (Mar24) was ₹1,362 Mil.
Long-Term Debt & Capital Lease Obligation was ₹120 Mil.
Total Current Assets was ₹1,478 Mil.
Total Current Liabilities was ₹865 Mil.
Net Income was ₹116 Mil.

Revenue was ₹1,049 Mil.
Gross Profit was ₹287 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (472.2 + 1362.3) / 2 = ₹917.25 Mil.
Total Assets at the begining of last year (Mar23) was ₹472 Mil.
Long-Term Debt & Capital Lease Obligation was ₹73 Mil.
Total Current Assets was ₹1,203 Mil.
Total Current Liabilities was ₹1,095 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.

Teerth Gopicon's current Net Income (TTM) was 128. ==> 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.

Teerth Gopicon's current Cash Flow from Operations (TTM) was -225. ==> 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)
=128.4/1362.3
=0.09425237

ROA (Last Year)=Net Income/Total Assets (Mar23)
=115.6/472.2
=0.24481152

Teerth Gopicon's return on assets of this year was 0.09425237. Teerth Gopicon's return on assets of last year was 0.24481152. ==> 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.

Teerth Gopicon's current Net Income (TTM) was 128. Teerth Gopicon's current Cash Flow from Operations (TTM) was -225. ==> -225 <= 128 ==> 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
=119.7/1553.7
=0.0770419

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=72.9/917.25
=0.0794767

Teerth Gopicon's gearing of this year was 0.0770419. Teerth Gopicon's gearing of last year was 0.0794767. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=1478.1/865.3
=1.70819369

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1202.9/1095.2
=1.0983382

Teerth Gopicon's current ratio of this year was 1.70819369. Teerth Gopicon's current ratio of last year was 1.0983382. ==> 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.

Teerth Gopicon's number of shares in issue this year was 11.835. Teerth Gopicon's number of shares in issue last year was 12. ==> 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
=349.5/1182.7
=0.29551027

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=286.9/1049.2
=0.27344644

Teerth Gopicon's gross margin of this year was 0.29551027. Teerth Gopicon's gross margin of last year was 0.27344644. ==> 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 (Mar24)
=1182.7/1362.3
=0.86816413

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1049.2/472.2
=2.22193986

Teerth Gopicon's asset turnover of this year was 0.86816413. Teerth Gopicon's asset turnover of last year was 2.22193986. ==> 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+0+0+0+1+1+1+1+0
=5

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

Teerth Gopicon 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?
Teerth Gopicon (NSE:TGL) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Teerth Gopicon and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Teerth Gopicon's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Teerth Gopicon ranks #819 out of 1735 companies in the Construction industry, placing it in the top 47.2%.
Is Teerth Gopicon's Piotroski F-Score too high?
Teerth Gopicon's 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 Construction industry median Piotroski F-Score is 5.00. Teerth Gopicon's value of 5 is 0% at this industry median. Based on the distribution chart, Teerth Gopicon ranks #819 out of 1735 companies in the Construction industry, which is above the industry midpoint. Overall, Teerth Gopicon has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Teerth Gopicon's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Teerth Gopicon ranks #819 out of 1735 companies for Piotroski F-Score. This puts Teerth Gopicon in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Teerth Gopicon's value of 5 is 0% at this benchmark. Historically, Teerth Gopicon's 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, Teerth Gopicon 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 a Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Teerth Gopicon'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 Teerth Gopicon 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. Teerth Gopicon'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 Teerth Gopicon stock overvalued right now?
Teerth Gopicon (NSE:TGL) 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 Construction industry median of 5.00. Teerth Gopicon's overall GF Score™ is 13/100 with 5 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 Teerth Gopicon (NSE:TGL), the current Piotroski F-Score is 5 as of Jun. 26, 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.

Teerth Gopicon Business Description

Address 204 Amar Metro, Near Balniketan Sangh, Pagnispaga, Indore, MP, IND, 452007
Teerth Gopicon Ltd is a construction company specializing in infrastructure projects such as roads, sewerage, water supply, and building works, mainly in Madhya Pradesh. The company also provides services in dams, canals, auditoriums, repair and renovation, overhead tanks, gabion works, compound walls, and water and sewage treatment plants. Recently, it expanded its business into renewable energy, focusing on solar projects, operating through two key segments: infrastructure and renewable energy.
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