DIVISLAB.NS Trace Score
Computed from 4 of 4 components.
A description of what's already in these four filed signals, not a rating, recommendation, or forecast. Each component below is computed and cited exactly where it already lives in the app — this page only combines them, with equal weight per component.
Trace Score (the composite)
An equal-weighted average of four signals StockProof already computes, shown only when at least two are available.
The Trace Score averages four components — Fundamentals Momentum, Growth Consistency, Earnings Quality and Sector Standing — each scored 0–100 and each weighted equally. Nothing new is measured; every component is a signal that already exists elsewhere on the site and links back to its own page.
A component with no data on file contributes nothing rather than scoring zero, because 'we could not measure this' and 'this measured badly' are different facts. If fewer than two of the four are available the composite is withheld entirely.
The score is deliberately never given a word like 'good', 'strong' or 'quality'. It is a number with a stated construction and a visible breakdown, and it is not a view on whether the share is worth owning.
In StockProof P/E is excluded from the composite on purpose: it is a valuation measure, not a business-quality measure, and folding it in would quietly turn the score into a cheapness ranking.
Fundamentals Momentum
6 / 9 met
6 of 9 computable Piotroski criteria met (9 of 9 total computable).
Trace component — Fundamentals Momentum
The Piotroski F-Score: nine pass/fail checks on whether the financial position improved year on year.
Piotroski's nine criteria test profitability, leverage/liquidity and operating efficiency — is the company profitable, is cash flow backing the profit, is debt falling, are margins and asset turnover improving. Each is a yes/no, and the score is how many were met.
It is a momentum measure, not a level measure: it rewards a business that got better this year, which is not the same as a business that is good. A strong company having an ordinary year can score modestly.
Criteria whose inputs are missing from the filings on file are excluded from both the numerator and the denominator, so the score reads as 'N of M met' rather than silently penalising incomplete data.
Growth Consistency
2 / 2 met
2 of 2 growth checks positive (5y or best available shorter span).
Trace component — Growth Consistency
Whether revenue and profit compounded steadily over five years, rather than in one lucky jump.
This component reads the five-year compound annual growth rates for revenue and profit. Compounding is the point: a business that grew every year is scored differently from one whose five-year average was carried by a single exceptional year.
Five years of annual filings must actually be on file for this to be computed. Recently listed companies frequently have less history than that, and the component is then marked unavailable rather than estimated from a shorter window.
Earnings Quality
1 / 1 met
No persistent profit/cash gap detected.
Trace component — Earnings Quality
Whether reported profit is backed by cash actually collected.
Profit is an accounting figure and cash flow is a bank figure, and they can diverge for entirely legitimate reasons — a growing business funding more receivables and inventory will report profit ahead of cash. Persistent, large divergence is the thing worth noticing.
This component flags where reported profit is running well ahead of operating cash flow. It is a prompt to go and read the cash flow statement, not a finding of wrongdoing, and it is not evidence of anything on its own.
Sector Standing
3 / 3 inputs available
Mean sector percentile across ROE, ROCE, Debt/Equity (3 of 3 available).
Trace component — Sector Standing
Where the company's ROE, ROCE and Debt/Equity sit against the other companies in its own sector.
Each of the three ratios is turned into a percentile against the same sector, and the component is the mean of whichever percentiles could be computed. Debt/Equity is inverted first, so that less borrowing scores higher on the same 0–100 scale as the other two.
Comparing within a sector is the whole point: absolute ROE and Debt/Equity are not comparable between a software company and a bank, and a cross-sector ranking would mostly be measuring which industry a company happens to be in.
Sector membership comes from NSE's own published classification, and a sector with very few companies on file gives a percentile that is technically correct and practically weak.
The composite is the equal-weighted mean of whichever of the four components could be computed — never a fixed denominator, so an unavailable component re-weights the rest rather than counting as zero (the same principle Piotroski uses among its own criteria). A minimum of 2 of 4 components must be computable before any number is shown at all. Equal weight is per component, not per underlying criterion: Piotroski's 9 sub-criteria versus Growth's 2 is an accident of an external methodology, not a StockProof judgement about relative importance. Margin Trend and ROCE Trajectory are shown on the detail page but excluded here (they restate what Piotroski's own criteria already test); P/E is excluded as a valuation signal, not a quality one.