Vikas EcoTechNSE:VIKASECO +5.79%69 Piotroski F-Score is 4 as of Jul. 02, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates NSE:VIKASECO with a GF Score™ of 69/100 and a GF Value™ of ₹2.46 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,564 Chemicals companies, Vikas EcoTech ranks worse than 65.03% 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
Vikas EcoTech has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Vikas EcoTech's Piotroski F-Score or its related term are showing as below:
NSE:VIKASECO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of Vikas EcoTech was 7. The lowest was 2. And the median was 3.
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.
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.
Vikas EcoTech Piotroski F-Score Related Terms
Vikas EcoTech Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Vikas EcoTech'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.
NSE:VIKASECO vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Vikas EcoTech'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.
Vikas EcoTech Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Vikas EcoTech's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Vikas EcoTech's Piotroski F-Score falls into.
* 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.
*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.
Vikas EcoTech's current Net Income (TTM) was 170.
==> 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.
Vikas EcoTech's return on assets of this year was 0.03828798. Vikas EcoTech's return on assets of last year was 0.0199842.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Vikas EcoTech's gearing of this year was 0.00114359. Vikas EcoTech's gearing of last year was 0.00058766.
==> 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
Vikas EcoTech's current ratio of this year was 2.2365949. Vikas EcoTech's current ratio of last year was 2.08806759.
==> 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.
Vikas EcoTech's number of shares in issue this year was 1388.356. Vikas EcoTech's number of shares in issue last year was 1211.831.
==> 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.
Vikas EcoTech's gross margin of this year was 0.09059788. Vikas EcoTech's gross margin of last year was 0.12977721.
==> 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
Vikas EcoTech's asset turnover of this year was 0.8514202. Vikas EcoTech's asset turnover of last year was 0.75491834.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Vikas EcoTech has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Vikas EcoTech (NSE:VIKASECO) has a Piotroski F-Score of 4 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vikas EcoTech and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Vikas EcoTech's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Vikas EcoTech ranks #1017 out of 1564 companies in the Chemicals industry, placing it in the top 65%.
Is Vikas EcoTech's Piotroski F-Score too high?
Vikas EcoTech's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Chemicals industry median Piotroski F-Score is 5.00. Vikas EcoTech's value of 4 is 20% below this industry median. Based on the distribution chart, Vikas EcoTech ranks #1017 out of 1564 companies in the Chemicals industry, which is below the industry midpoint. Overall, Vikas EcoTech has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Vikas EcoTech's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Vikas EcoTech ranks #1017 out of 1564 companies for Piotroski F-Score. This places Vikas EcoTech in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Vikas EcoTech's value of 4 is 20% below this benchmark. Historically, Vikas EcoTech's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Vikas EcoTech 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 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. Vikas EcoTech's current Piotroski F-Score of 4 is 20% 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 Vikas EcoTech 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. Vikas EcoTech's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vikas EcoTech stock overvalued right now?
Based on GuruFocus' analysis, Vikas EcoTech (NSE:VIKASECO) is currently considered Possible Value Trap. The stock's GF Value™ is ₹2.46, compared to a current price of ₹1.28 — trading 48% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Chemicals industry median of 5.00. Vikas EcoTech's overall GF Score™ is 69/100 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 Vikas EcoTech (NSE:VIKASECO), the current Piotroski F-Score is 4 as of Jul. 02, 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 Vikas EcoTech (NSE:VIKASECO) Overvalued in 2026?
Based on GuruFocus' analysis, Vikas EcoTech stock appears to be undervalued.
The current stock price of ₹1.28 is trading 48% below its estimated GF Value™ of ₹2.46.
GuruFocus considers Vikas EcoTech to be Possible Value Trap.
Key valuation signals for NSE:VIKASECO:
Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
GF Value™: ₹2.46 vs. price of ₹1.28 (48% below fair value)
Industry Position: 20% below the Chemicals median (#1017 of 1564)
No single metric tells the full story. See the NSE:VIKASECO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vikas EcoTech Ltd is a specialty chemicals company. The company is engaged in the business of manufacturing and distribution of specialty additives including agrochemicals and rubber-plastic and polymer compounds. The Company has identified three business segments which are Infra & Energy, Chemical, Polymers & Special Additives. Its polymer compounds offering includes thermoplastic rubber (TPR), thermoplastic elastomer (TPE), Ethylene Vinyl Acetate (EVA), impact modifiers, Polyethylene (PE), and Polypropylene (PP).
69GF Score
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