WOL 3D India (NSE:WOL3D) Piotroski F-Score: 3 (As of Jul. 01, 2026) — 25% Below Median


NSE:WOL3D WOL 3D India Ltd NSE:WOL3D
18 GF Score
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! 4 Warning Signs
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What is WOL 3D India Piotroski F-Score?

WOL 3D India NSE:WOL3D -2.01% 18 Piotroski F-Score is 3 as of Jul. 01, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates NSE:WOL3D with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 2,429 Hardware companies, WOL 3D India ranks worse than 81.31% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

WOL 3D India has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for WOL 3D India's Piotroski F-Score or its related term are showing as below:

NSE:WOL3D' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 3

During the past 5 years, the highest Piotroski F-Score of WOL 3D India was 7. The lowest was 3. And the median was 4.

WOL 3D India  (NSE:WOL3D) 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.


WOL 3D India Piotroski F-Score Related Terms


WOL 3D India Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for WOL 3D India'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.

WOL 3D India Piotroski F-Score Chart

WOL 3D India Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 7.00 4.00 3.00

WOL 3D India Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score N/A N/A 7.00 4.00 3.00

NSE:WOL3D vs SNDK, DELL, STX: Piotroski F-Score Comparison

For the Computer Hardware subindustry, WOL 3D India'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.


WOL 3D India Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, WOL 3D India's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where WOL 3D India's Piotroski F-Score falls into.


NSE:WOL3D
18GF Score
WOL 3D India Ltd NSE:WOL3D
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹66.7 Mil.
Cash Flow from Operations was ₹-108.4 Mil.
Revenue was ₹977.0 Mil.
Gross Profit was ₹317.5 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (449.207 + 715.199) / 2 = ₹582.203 Mil.
Total Assets at the begining of this year (Mar25) was ₹449.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Total Current Assets was ₹639.0 Mil.
Total Current Liabilities was ₹282.0 Mil.
Net Income was ₹55.9 Mil.

Revenue was ₹482.7 Mil.
Gross Profit was ₹174.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (245.627 + 449.207) / 2 = ₹347.417 Mil.
Total Assets at the begining of last year (Mar24) was ₹245.6 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Total Current Assets was ₹389.9 Mil.
Total Current Liabilities was ₹89.6 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.

WOL 3D India's current Net Income (TTM) was 66.7. ==> 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.

WOL 3D India's current Cash Flow from Operations (TTM) was -108.4. ==> 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 (Mar25)
=66.65/449.207
=0.14837258

ROA (Last Year)=Net Income/Total Assets (Mar24)
=55.912/245.627
=0.2276297

WOL 3D India's return on assets of this year was 0.14837258. WOL 3D India's return on assets of last year was 0.2276297. ==> Last year is higher ==> Score 0.

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.

WOL 3D India's current Net Income (TTM) was 66.7. WOL 3D India's current Cash Flow from Operations (TTM) was -108.4. ==> -108.4 <= 66.7 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/582.203
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/347.417
=0

WOL 3D India's gearing of this year was 0. WOL 3D India's gearing of last year was 0. ==> 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
=638.953/282.008
=2.2657265

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=389.862/89.606
=4.35084704

WOL 3D India's current ratio of this year was 2.2657265. WOL 3D India's current ratio of last year was 4.35084704. ==> 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.

WOL 3D India's number of shares in issue this year was 6.452. WOL 3D India's number of shares in issue last year was 5.729. ==> 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
=317.472/977.016
=0.32494043

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=174.011/482.671
=0.36051679

WOL 3D India's gross margin of this year was 0.32494043. WOL 3D India's gross margin of last year was 0.36051679. ==> 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 (Mar25)
=977.016/449.207
=2.17497946

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=482.671/245.627
=1.96505677

WOL 3D India's asset turnover of this year was 2.17497946. WOL 3D India's asset turnover of last year was 1.96505677. ==> 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+0+0+1+0+0+0+1
=3

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

WOL 3D India has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
WOL 3D India (NSE:WOL3D) has a Piotroski F-Score of 3 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on WOL 3D India and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, WOL 3D India's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, WOL 3D India ranks #1975 out of 2429 companies in the Hardware industry, placing it in the top 81.3%.
Is WOL 3D India's Piotroski F-Score too high?
WOL 3D India's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. WOL 3D India's value of 3 is 40% below this industry median. Based on the distribution chart, WOL 3D India ranks #1975 out of 2429 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, WOL 3D India has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does WOL 3D India's Piotroski F-Score compare to SNDK and DELL?
According to the Hardware industry distribution chart, WOL 3D India ranks #1975 out of 2429 companies for Piotroski F-Score. This places WOL 3D India in the lower half of its industry. The industry median Piotroski F-Score is 5.00. WOL 3D India's value of 3 is 40% below this benchmark. Historically, WOL 3D India's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, WOL 3D India 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,429 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. WOL 3D India's current Piotroski F-Score of 3 is 40% 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 WOL 3D India and its competitors. For the Hardware 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. WOL 3D India's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WOL 3D India stock overvalued right now?
WOL 3D India (NSE:WOL3D) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Hardware industry median of 5.00. WOL 3D India's overall GF Score™ is 18/100 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 WOL 3D India (NSE:WOL3D), the current Piotroski F-Score is 3 as of Jul. 01, 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.

WOL 3D India Business Description

Address Dattaram Lad Marg, 18, Ground Floor, Hakoba Compound Bombay Cotton Mill Estate, Kalachowki, Mumbai, MH, IND, 400033
WOL 3D India Ltd is engaged in the business of providing 3D Printing solutions, enabling easier prototyping, finding its application in various sectors like manufacturing, education, engineering, architecture, interior designing, fashion designing, product designing, medical, dental, and others. The portfolio of the company includes Hardware like: 3D printers, 3D Scanners, Laser Engravers and 3D pens; Consumables like: 3D Filaments, 3D Resins; 3D Prototyping services; and Other services.
18GF Score

Get the complete analysis for NSE:WOL3D

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

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