Valiant organics (NSE:VALIANTORG) Piotroski F-Score: 8 (As of Jul. 03, 2026) — 60% Above Median


NSE:VALIANTORG Valiant organics Ltd NSE:VALIANTORG
75 GF Score
Price ₹277.35
GF Value ₹358.90
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Valiant organics Piotroski F-Score?

Valiant organics NSE:VALIANTORG +1.09% 75 Piotroski F-Score is 8 as of Jul. 03, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates NSE:VALIANTORG with a GF Score™ of 75/100 and a GF Value™ of ₹358.90 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,564 Chemicals companies, Valiant organics ranks better than 97.38% on this metric.

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

Valiant organics 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 Valiant organics's Piotroski F-Score or its related term are showing as below:

NSE:VALIANTORG' 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 Valiant organics was 8. The lowest was 2. And the median was 5.

Valiant organics  (NSE:VALIANTORG) 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.


Valiant organics Piotroski F-Score Related Terms


Valiant organics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Valiant organics'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.

Valiant organics Piotroski F-Score Chart

Valiant organics Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 2.00 5.00 8.00

Valiant organics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.00 0.00 0.00 0.00 8.00

NSE:VALIANTORG vs DOW: Piotroski F-Score Comparison

For the Chemicals subindustry, Valiant organics'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.


Valiant organics Piotroski F-Score vs Chemicals Industry

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

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


NSE:VALIANTORG
75GF Score
Valiant organics Ltd NSE:VALIANTORG
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹332 Mil.
Cash Flow from Operations was ₹920 Mil.
Revenue was ₹7,388 Mil.
Gross Profit was ₹3,014 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (11829.288 + 12307.942) / 2 = ₹12068.615 Mil.
Total Assets at the begining of this year (Mar25) was ₹11,829 Mil.
Long-Term Debt & Capital Lease Obligation was ₹553 Mil.
Total Current Assets was ₹3,522 Mil.
Total Current Liabilities was ₹3,503 Mil.
Net Income was ₹-37 Mil.

Revenue was ₹7,188 Mil.
Gross Profit was ₹2,616 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (12479.648 + 11829.288) / 2 = ₹12154.468 Mil.
Total Assets at the begining of last year (Mar24) was ₹12,480 Mil.
Long-Term Debt & Capital Lease Obligation was ₹508 Mil.
Total Current Assets was ₹3,561 Mil.
Total Current Liabilities was ₹3,688 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.

Valiant organics's current Net Income (TTM) was 332. ==> 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.

Valiant organics's current Cash Flow from Operations (TTM) was 920. ==> 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 (Mar25)
=332.357/11829.288
=0.02809611

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-37.362/12479.648
=-0.00299383

Valiant organics's return on assets of this year was 0.02809611. Valiant organics's return on assets of last year was -0.00299383. ==> 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.

Valiant organics's current Net Income (TTM) was 332. Valiant organics's current Cash Flow from Operations (TTM) was 920. ==> 920 > 332 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=552.562/12068.615
=0.04578504

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=508.215/12154.468
=0.04181302

Valiant organics's gearing of this year was 0.04578504. Valiant organics's gearing of last year was 0.04181302. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=3522.285/3502.502
=1.00564825

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3560.598/3688.324
=0.96537018

Valiant organics's current ratio of this year was 1.00564825. Valiant organics's current ratio of last year was 0.96537018. ==> 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.

Valiant organics's number of shares in issue this year was 28.023. Valiant organics's number of shares in issue last year was 30.131. ==> 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
=3013.825/7387.587
=0.40795797

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2616.21/7187.618
=0.36398846

Valiant organics's gross margin of this year was 0.40795797. Valiant organics's gross margin of last year was 0.36398846. ==> 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 (Mar25)
=7387.587/11829.288
=0.62451662

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7187.618/12479.648
=0.57594717

Valiant organics's asset turnover of this year was 0.62451662. Valiant organics's asset turnover of last year was 0.57594717. ==> 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

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

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Valiant organics (NSE:VALIANTORG) has a Piotroski F-Score of 8 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Valiant organics and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Valiant organics' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Valiant organics ranks #41 out of 1564 companies in the Chemicals industry, placing it in the top 2.6%.
Is Valiant organics' Piotroski F-Score too high?
Valiant organics' current Piotroski F-Score of 8 is 60% above 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 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Valiant organics' value of 8 is 60% above this industry median. Based on the distribution chart, Valiant organics ranks #41 out of 1564 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Valiant organics has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Valiant organics' Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Valiant organics ranks #41 out of 1564 companies for Piotroski F-Score. This places Valiant organics in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Valiant organics' value of 8 is 60% above this benchmark. Historically, Valiant organics' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Valiant organics has consistently been above 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 1,564 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. Valiant organics's current Piotroski F-Score of 8 is 60% above 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 Valiant organics 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. Valiant organics's current Piotroski F-Score is 8, which is 60% above 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 Valiant organics stock overvalued right now?
Based on GuruFocus' analysis, Valiant organics (NSE:VALIANTORG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹358.90, compared to a current price of ₹277.35 — trading 22.7% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Chemicals industry median of 5.00. Valiant organics' overall GF Score™ is 75/100 with 4 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 Valiant organics (NSE:VALIANTORG), the current Piotroski F-Score is 8 as of Jul. 03, 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 Valiant organics (NSE:VALIANTORG) Overvalued in 2026?

Based on GuruFocus' analysis, Valiant organics stock appears to be undervalued. The current stock price of ₹277.35 is trading 22.7% below its estimated GF Value™ of ₹358.90. GuruFocus considers Valiant organics to be Modestly Undervalued.

Key valuation signals for NSE:VALIANTORG:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: ₹358.90 vs. price of ₹277.35 (22.7% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 60% above the Chemicals median (#41 of 1564)

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


Valiant organics Business Description

Other Exchanges 540145:India
Address Mulund Goregaon Link Road, 109, Udyog Kshetra, 1st Floor, Mulund (West), Mumbai, MH, IND, 400080
Valiant organics Ltd engages in the production and marketing of a diverse range of specialty chemicals and pharmaceutical intermediates. It is a manufacturer of compounds such as chlorophenol derivatives, benzene derivatives, Para Nitro Aniline (PNA), Para Amino Phenol (PAP), Ortho Anisidine, and Para Anisidine. The company's product portfolio serves a broad spectrum of industries, including agrochemicals, pharmaceuticals, dyes, pigments, cosmetics, rubber, polymers, and veterinary drugs. These chemicals are produced through sophisticated process chemistries, including chlorination, Ammonolysis, Hydrogenation, Acetylation, Sulphonation, and Methoxylation, ensuring a wide array of high-quality offerings. It operates in a single segment, Chemicals, with operations in India and outside India.
75GF Score

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

₹277.35
Price
₹358.90
GF Value