Viyash Scientific (NSE:VIYASH) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 33% Above Median


NSE:VIYASH Viyash Scientific Ltd NSE:VIYASH
72 GF Score
Price ₹269.30
GF Value ₹171.37
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Viyash Scientific Piotroski F-Score?

Viyash Scientific NSE:VIYASH -0.72% 72 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates NSE:VIYASH with a GF Score™ of 72/100 and a GF Value™ of ₹171.37 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 981 Drug Manufacturers companies, Viyash Scientific ranks better than 98.37% 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

Viyash Scientific 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 Viyash Scientific's Piotroski F-Score or its related term are showing as below:

NSE:VIYASH' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Viyash Scientific was 8. The lowest was 3. And the median was 6.

Viyash Scientific  (NSE:VIYASH) 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.


Viyash Scientific Piotroski F-Score Related Terms


Viyash Scientific Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Viyash Scientific'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.

Viyash Scientific Piotroski F-Score Chart

Viyash Scientific 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 3.00 3.00 6.00 7.00 8.00

Viyash Scientific 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 7.00 0.00 0.00 0.00 8.00

NSE:VIYASH vs ZTS: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Viyash Scientific'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.


Viyash Scientific Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Viyash Scientific's Piotroski F-Score distribution charts can be found below:

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


NSE:VIYASH
72GF Score
Viyash Scientific Ltd NSE:VIYASH
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 ₹1,773 Mil.
Cash Flow from Operations was ₹3,229 Mil.
Revenue was ₹34,203 Mil.
Gross Profit was ₹18,576 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (16019.46 + 46283.9) / 2 = ₹31151.68 Mil.
Total Assets at the begining of this year (Mar25) was ₹16,019 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3,405 Mil.
Total Current Assets was ₹22,546 Mil.
Total Current Liabilities was ₹9,459 Mil.
Net Income was ₹232 Mil.

Revenue was ₹30,068 Mil.
Gross Profit was ₹15,367 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (15403.84 + 16019.46) / 2 = ₹15711.65 Mil.
Total Assets at the begining of last year (Mar24) was ₹15,404 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3,002 Mil.
Total Current Assets was ₹8,737 Mil.
Total Current Liabilities was ₹5,050 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.

Viyash Scientific's current Net Income (TTM) was 1,773. ==> 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.

Viyash Scientific's current Cash Flow from Operations (TTM) was 3,229. ==> 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)
=1772.8/16019.46
=0.1106654

ROA (Last Year)=Net Income/Total Assets (Mar24)
=232.2/15403.84
=0.01507416

Viyash Scientific's return on assets of this year was 0.1106654. Viyash Scientific's return on assets of last year was 0.01507416. ==> 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.

Viyash Scientific's current Net Income (TTM) was 1,773. Viyash Scientific's current Cash Flow from Operations (TTM) was 3,229. ==> 3,229 > 1,773 ==> 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
=3405.4/31151.68
=0.10931674

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3001.86/15711.65
=0.1910595

Viyash Scientific's gearing of this year was 0.10931674. Viyash Scientific's gearing of last year was 0.1910595. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=22545.5/9459
=2.3834972

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=8737.33/5050.04
=1.73015065

Viyash Scientific's current ratio of this year was 2.3834972. Viyash Scientific's current ratio of last year was 1.73015065. ==> 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.

Viyash Scientific's number of shares in issue this year was 442.095. Viyash Scientific's number of shares in issue last year was 249.89. ==> 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
=18575.8/34203.1
=0.54310282

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=15366.5/30068.4
=0.51105147

Viyash Scientific's gross margin of this year was 0.54310282. Viyash Scientific's gross margin of last year was 0.51105147. ==> 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)
=34203.1/16019.46
=2.13509694

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=30068.4/15403.84
=1.95200677

Viyash Scientific's asset turnover of this year was 2.13509694. Viyash Scientific's asset turnover of last year was 1.95200677. ==> 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+1+1+0+1+1
=8

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

Viyash Scientific 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?
Viyash Scientific (NSE:VIYASH) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Viyash Scientific and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Viyash Scientific's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Viyash Scientific ranks #16 out of 981 companies in the Drug Manufacturers industry, placing it in the top 1.6%.
Is Viyash Scientific's Piotroski F-Score too high?
Viyash Scientific's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Viyash Scientific's value of 8 is 60% above this industry median. Based on the distribution chart, Viyash Scientific ranks #16 out of 981 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Viyash Scientific has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Viyash Scientific's Piotroski F-Score compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Viyash Scientific ranks #16 out of 981 companies for Piotroski F-Score. This places Viyash Scientific in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Viyash Scientific's value of 8 is 60% above this benchmark. Historically, Viyash Scientific's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Viyash Scientific 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 981 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. Viyash Scientific'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 Viyash Scientific and its competitors. For the Drug Manufacturers 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. Viyash Scientific's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viyash Scientific stock overvalued right now?
Based on GuruFocus' analysis, Viyash Scientific (NSE:VIYASH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹171.37, compared to a current price of ₹269.30 — trading 57.1% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Drug Manufacturers industry median of 5.00. Viyash Scientific's overall GF Score™ is 72/100 with 6 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 Viyash Scientific (NSE:VIYASH), the current Piotroski F-Score is 8 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 Viyash Scientific (NSE:VIYASH) Overvalued in 2026?

Based on GuruFocus' analysis, Viyash Scientific stock appears to be overvalued. The current stock price of ₹269.30 is trading 57.1% above its estimated GF Value™ of ₹171.37. GuruFocus considers Viyash Scientific to be Significantly Overvalued.

Key valuation signals for NSE:VIYASH:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: ₹171.37 vs. price of ₹269.30 (57.1% above fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 60% above the Drug Manufacturers median (#16 of 981)

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


Viyash Scientific Business Description

Other Exchanges 512529:India
Address Road No.6, Kakatiya Hills, 3rd Floor, Srivalli’s Corporate, Plot No. 290, Guttala Begumpet, Jubilee Hills, Madhapur, Survey number 33 34P to 39, Hyderabad, KA, IND, 500033
Viyash Scientific Ltd is a pharmaceutical company with activities spanning formulations, active pharmaceutical ingredients (APIs), and intermediates. It is focused on research and development infrastructure for APIs and formulations. Its product portfolio spans several therapeutic areas, including ARV, cardiovascular, central nervous system, analgesics, antibiotics, antihistamines, diabetes, gastrointestinal, anticoagulants, and oncology.
72GF Score

Get the complete analysis for NSE:VIYASH

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

₹269.30
Price
₹171.37
GF Value