Ushanti Colour Chem (NSE:UCL) Piotroski F-Score: 5 (As of Jun. 27, 2026) — Near Median


NSE:UCL Ushanti Colour Chem Ltd NSE:UCL
50 GF Score
Price ₹185.90
GF Value ₹89.22
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Ushanti Colour Chem Piotroski F-Score?

Ushanti Colour Chem NSE:UCL +4.76% 50 Piotroski F-Score is 5 as of Jun. 27, 2026, which is at its 10-year median of 5.00. GuruFocus rates NSE:UCL with a GF Score™ of 50/100 and a GF Value™ of ₹89.22 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,567 Chemicals companies, Ushanti Colour Chem ranks better than 55.52% 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

Ushanti Colour Chem 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 Ushanti Colour Chem's Piotroski F-Score or its related term are showing as below:

NSE:UCL' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Ushanti Colour Chem was 8. The lowest was 1. And the median was 5.

Ushanti Colour Chem  (NSE:UCL) 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.


Ushanti Colour Chem Piotroski F-Score Related Terms


Ushanti Colour Chem Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ushanti Colour Chem'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.

Ushanti Colour Chem Piotroski F-Score Chart

Ushanti Colour Chem 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 5.00 6.00 4.00 1.00 5.00

Ushanti Colour Chem Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Mar25
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 4.00 0.00 1.00 5.00

NSE:UCL vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Ushanti Colour Chem'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.


Ushanti Colour Chem Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ushanti Colour Chem's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ushanti Colour Chem's Piotroski F-Score falls into.


NSE:UCL
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Ushanti Colour Chem Ltd NSE:UCL
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 ₹-26.4 Mil.
Cash Flow from Operations was ₹50.8 Mil.
Revenue was ₹776.1 Mil.
Gross Profit was ₹68.3 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (1092.861 + 1192.784) / 2 = ₹1142.8225 Mil.
Total Assets at the begining of this year (Mar24) was ₹1,092.9 Mil.
Long-Term Debt & Capital Lease Obligation was ₹218.7 Mil.
Total Current Assets was ₹416.9 Mil.
Total Current Liabilities was ₹559.3 Mil.
Net Income was ₹-26.0 Mil.

Revenue was ₹504.1 Mil.
Gross Profit was ₹71.1 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (1002.165 + 1092.861) / 2 = ₹1047.513 Mil.
Total Assets at the begining of last year (Mar23) was ₹1,002.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹254.4 Mil.
Total Current Assets was ₹347.1 Mil.
Total Current Liabilities was ₹387.1 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.

Ushanti Colour Chem's current Net Income (TTM) was -26.4. ==> Negative ==> Score 0.

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.

Ushanti Colour Chem's current Cash Flow from Operations (TTM) was 50.8. ==> 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)
=-26.4/1092.861
=-0.02415678

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-25.961/1002.165
=-0.02590492

Ushanti Colour Chem's return on assets of this year was -0.02415678. Ushanti Colour Chem's return on assets of last year was -0.02590492. ==> 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.

Ushanti Colour Chem's current Net Income (TTM) was -26.4. Ushanti Colour Chem's current Cash Flow from Operations (TTM) was 50.8. ==> 50.8 > -26.4 ==> 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
=218.725/1142.8225
=0.19139018

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=254.366/1047.513
=0.24282849

Ushanti Colour Chem's gearing of this year was 0.19139018. Ushanti Colour Chem's gearing of last year was 0.24282849. ==> 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
=416.912/559.256
=0.74547613

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=347.144/387.079
=0.89682985

Ushanti Colour Chem's current ratio of this year was 0.74547613. Ushanti Colour Chem's current ratio of last year was 0.89682985. ==> 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.

Ushanti Colour Chem's number of shares in issue this year was 10.866. Ushanti Colour Chem's number of shares in issue last year was 10.496. ==> 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
=68.328/776.108
=0.08803929

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=71.099/504.088
=0.14104482

Ushanti Colour Chem's gross margin of this year was 0.08803929. Ushanti Colour Chem's gross margin of last year was 0.14104482. ==> 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)
=776.108/1092.861
=0.71016168

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=504.088/1002.165
=0.50299901

Ushanti Colour Chem's asset turnover of this year was 0.71016168. Ushanti Colour Chem's asset turnover of last year was 0.50299901. ==> 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
=0+1+1+1+1+0+0+0+1
=5

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

Ushanti Colour Chem 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?
Ushanti Colour Chem (NSE:UCL) has a Piotroski F-Score of 5 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ushanti Colour Chem and its competitors. This is near median its historical median of 5.00. Over the past decade, Ushanti Colour Chem's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Ushanti Colour Chem ranks #697 out of 1567 companies in the Chemicals industry, placing it in the top 44.5%.
Is Ushanti Colour Chem's Piotroski F-Score too high?
Ushanti Colour Chem's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Ushanti Colour Chem's value of 5 is 0% at this industry median. Based on the distribution chart, Ushanti Colour Chem ranks #697 out of 1567 companies in the Chemicals industry, which is above the industry midpoint. Overall, Ushanti Colour Chem has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ushanti Colour Chem's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ushanti Colour Chem ranks #697 out of 1567 companies for Piotroski F-Score. This puts Ushanti Colour Chem in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Ushanti Colour Chem's value of 5 is 0% at this benchmark. Historically, Ushanti Colour Chem's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Ushanti Colour Chem 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,567 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. Ushanti Colour Chem'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 Ushanti Colour Chem and its competitors. For the Chemicals 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. Ushanti Colour Chem's current Piotroski F-Score is 5, which is near 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 Ushanti Colour Chem stock overvalued right now?
Based on GuruFocus' analysis, Ushanti Colour Chem (NSE:UCL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹89.22, compared to a current price of ₹185.90 — trading 108.4% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Chemicals industry median of 5.00. Ushanti Colour Chem's overall GF Score™ is 50/100 with 8 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 Ushanti Colour Chem (NSE:UCL), the current Piotroski F-Score is 5 as of Jun. 27, 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 Ushanti Colour Chem (NSE:UCL) Overvalued in 2026?

Based on GuruFocus' analysis, Ushanti Colour Chem stock appears to be overvalued. The current stock price of ₹185.90 is trading 108.4% above its estimated GF Value™ of ₹89.22. GuruFocus considers Ushanti Colour Chem to be Significantly Overvalued.

Key valuation signals for NSE:UCL:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ₹89.22 vs. price of ₹185.90 (108.4% above fair value)
  • GF Score™: 50/100 with 8 warning signs
  • Industry Position: 0% at the Chemicals median (#697 of 1567)

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


Ushanti Colour Chem Business Description

Address 88/8, Phase - 1, GIDC, Vatva, Ahmedabad, GJ, IND, 382445
Ushanti Colour Chem Ltd is engaged in the business of manufacturing and trading of dyestuffs. It manufactures reactive and direct dyestuffs. It also manufactures copper phthalocyamine, blue crude used for manufacturing dyestuffs. The company caters to textile, garment, cotton, leather, nylon, paper, wool, ink, wood, plastic and paint industries.
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₹185.90
Price
₹89.22
GF Value