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Vishnusurya Projects and Infra (NSE:VISHNUINFR) 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.
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.
Vishnusurya Projects and Infra Piotroski F-Score Related Terms
Vishnusurya Projects and Infra Piotroski F-Score Historical Data
* 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.
Vishnusurya Projects and Infra Piotroski F-Score Chart
Vishnusurya Projects and Infra Piotroski F-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Vishnusurya Projects and 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.
Vishnusurya Projects and Infra Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Vishnusurya Projects and Infra's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Vishnusurya Projects and Infra'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.
Vishnusurya Projects and Infra's current Net Income (TTM) was 356.
==> 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.
Vishnusurya Projects and Infra's current Cash Flow from Operations (TTM) was 428.
==> 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.
Vishnusurya Projects and Infra's return on assets of this year was 0.10910647. Vishnusurya Projects and Infra's return on assets of last year was 0.17576823.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Vishnusurya Projects and Infra's gearing of this year was 0.09339519. Vishnusurya Projects and Infra's gearing of last year was 0.1420458.
==> 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
Vishnusurya Projects and Infra's current ratio of this year was 1.69665388. Vishnusurya Projects and Infra's current ratio of last year was 1.27440384.
==> 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.
Vishnusurya Projects and Infra's number of shares in issue this year was 0. Vishnusurya Projects and Infra's number of shares in issue last year was 0.
==> 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.
Vishnusurya Projects and Infra's gross margin of this year was 0.1756993. Vishnusurya Projects and Infra's gross margin of last year was 0.18350187.
==> 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
Vishnusurya Projects and Infra's asset turnover of this year was 1.07814382. Vishnusurya Projects and Infra's asset turnover of last year was 1.56826446.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
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Que. 6
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Que. 7
+
Que. 8
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Que. 9
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1
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1
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0
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1
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1
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1
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1
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0
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0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Vishnusurya Projects and Infra has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Vishnusurya Projects and Infra (NSE:VISHNUINFR) has a Piotroski F-Score of 4 as of Sep. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vishnusurya Projects and Infra and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Vishnusurya Projects and Infra's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Vishnusurya Projects and Infra ranks #576 out of 2521 companies in the Metals & Mining industry, placing it in the top 22.8%.
Is Vishnusurya Projects and Infra's Piotroski F-Score too high?
Vishnusurya Projects and Infra's current Piotroski F-Score of 4 is 20% below 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 Metals & Mining industry median Piotroski F-Score is 3.00. Vishnusurya Projects and Infra's value of 4 is 33.3% above this industry median. Based on the distribution chart, Vishnusurya Projects and Infra ranks #576 out of 2521 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Vishnusurya Projects and Infra has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vishnusurya Projects and Infra's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Vishnusurya Projects and Infra ranks #576 out of 2521 companies for Piotroski F-Score. This places Vishnusurya Projects and Infra in the top 23% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Vishnusurya Projects and Infra's value of 4 is 33.3% above this benchmark. Historically, Vishnusurya Projects and Infra's 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 3.00, Vishnusurya Projects and Infra 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,521 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. Vishnusurya Projects and Infra's current Piotroski F-Score of 4 is 33.3% 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 Vishnusurya Projects and Infra and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vishnusurya Projects and Infra's current Piotroski F-Score is 4, which is 20% below 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 Vishnusurya Projects and Infra stock overvalued right now?
Based on GuruFocus' analysis, Vishnusurya Projects and Infra (NSE:VISHNUINFR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹285.25, compared to a current price of ₹150.55 — trading 47.2% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 33.3% above the Metals & Mining industry median of 3.00. Vishnusurya Projects and Infra's overall GF Score™ is 65/100 with 2 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 Vishnusurya Projects and Infra (NSE:VISHNUINFR), the current Piotroski F-Score is 4 as of Sep. 21, 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 Vishnusurya Projects and Infra (NSE:VISHNUINFR) Overvalued in 2026?
Based on GuruFocus' analysis, Vishnusurya Projects and Infra stock appears to be undervalued.
The current stock price of ₹150.55 is trading 47.2% below its estimated GF Value™ of ₹285.25.
GuruFocus considers Vishnusurya Projects and Infra to be Significantly Undervalued.
Key valuation signals for NSE:VISHNUINFR:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: ₹285.25 vs. price of ₹150.55 (47.2% below fair value)
Industry Position: 33.3% above the Metals & Mining median (#576 of 2521)
No single metric tells the full story. See the NSE:VISHNUINFR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vishnusurya Projects and Infra Ltd is engaged in three reportable business segments (1) Construction and allied activities (2) Mining activities with crusher plant & M-Sand plant and (3) Waste Management. In addition to mining activities, it is engaged in EPC Projects (construction and infrastructure) delivered across all key sectors such as water, transportation, rail, resource, and institutional development. The Company executed and delivered multiple real estate projects in the past such as the construction of villas, multi-storied apartments, specific contracts like compound walls, renovation works, site formation, etc., and design and construction of various infrastructure projects for the government, autonomous and private bodies in state of Tamil Nadu.
65GF Score
Get the complete analysis for NSE:VISHNUINFR
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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