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Udayshivakumar Infra (NSE:USK) Piotroski F-Score : 5 (As of Mar. 31, 2025)


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What is Udayshivakumar Infra Piotroski F-Score?

The zones of discrimination were as such:

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

Udayshivakumar Infra 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 Udayshivakumar Infra's Piotroski F-Score or its related term are showing as below:

NSE:USK' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 5

During the past 5 years, the highest Piotroski F-Score of Udayshivakumar Infra was 8. The lowest was 5. And the median was 6.


Udayshivakumar Infra Piotroski F-Score Historical Data

The historical data trend for Udayshivakumar Infra'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.

Udayshivakumar Infra Piotroski F-Score Chart

Udayshivakumar Infra Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
N/A N/A 8.00 6.00 5.00

Udayshivakumar Infra Quarterly Data
Mar20 Mar21 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 - 5.00 - - -

Competitive Comparison of Udayshivakumar Infra's Piotroski F-Score

For the Engineering & Construction subindustry, Udayshivakumar Infra'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.


Udayshivakumar Infra's Piotroski F-Score Distribution in the Construction Industry

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

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


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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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was ₹301 Mil.
Cash Flow from Operations was ₹-515 Mil.
Revenue was ₹5,771 Mil.
Gross Profit was ₹613 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (2846.368 + 3223.632) / 2 = ₹3035 Mil.
Total Assets at the begining of this year (Mar23) was ₹2,846 Mil.
Long-Term Debt & Capital Lease Obligation was ₹105 Mil.
Total Current Assets was ₹1,785 Mil.
Total Current Liabilities was ₹1,116 Mil.
Net Income was ₹160 Mil.

Revenue was ₹2,869 Mil.
Gross Profit was ₹414 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (1626.125 + 2846.368) / 2 = ₹2236.2465 Mil.
Total Assets at the begining of last year (Mar22) was ₹1,626 Mil.
Long-Term Debt & Capital Lease Obligation was ₹162 Mil.
Total Current Assets was ₹1,675 Mil.
Total Current Liabilities was ₹938 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.

Udayshivakumar Infra's current Net Income (TTM) was 301. ==> 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.

Udayshivakumar Infra's current Cash Flow from Operations (TTM) was -515. ==> 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 (Mar23)
=301.281/2846.368
=0.10584752

ROA (Last Year)=Net Income/Total Assets (Mar22)
=160.472/1626.125
=0.09868368

Udayshivakumar Infra's return on assets of this year was 0.10584752. Udayshivakumar Infra's return on assets of last year was 0.09868368. ==> 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.

Udayshivakumar Infra's current Net Income (TTM) was 301. Udayshivakumar Infra's current Cash Flow from Operations (TTM) was -515. ==> -515 <= 301 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=104.764/3035
=0.03451862

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=161.968/2236.2465
=0.07242851

Udayshivakumar Infra's gearing of this year was 0.03451862. Udayshivakumar Infra's gearing of last year was 0.07242851. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=1785.386/1116.053
=1.59973227

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=1674.864/938.002
=1.78556549

Udayshivakumar Infra's current ratio of this year was 1.59973227. Udayshivakumar Infra's current ratio of last year was 1.78556549. ==> 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.

Udayshivakumar Infra's number of shares in issue this year was 55.357. Udayshivakumar Infra's number of shares in issue last year was 55.357. ==> 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
=613.394/5771.478
=0.10628023

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=414.124/2868.981
=0.14434533

Udayshivakumar Infra's gross margin of this year was 0.10628023. Udayshivakumar Infra's gross margin of last year was 0.14434533. ==> 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 (Mar23)
=5771.478/2846.368
=2.02766403

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=2868.981/1626.125
=1.76430533

Udayshivakumar Infra's asset turnover of this year was 2.02766403. Udayshivakumar Infra's asset turnover of last year was 1.76430533. ==> 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+1+0+1+0+1+0+1
=5

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

Udayshivakumar Infra has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Udayshivakumar Infra  (NSE:USK) 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.


Udayshivakumar Infra Piotroski F-Score Related Terms

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Udayshivakumar Infra Business Description

Traded in Other Exchanges
Address
1924A/196, Banashankari Badavane, Near NH-4 Bypass, Davangere, KA, IND, 577005
Udayshivakumar Infra Ltd is engaged in the business of the construction of roads, bridges, and canals. Some of its projects include the White Topping Project, High Altitude Road Project, Bridge Project, Canal Project, and more.

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