Bajaj Hindusthan Sugar (BOM:500032) Piotroski F-Score: 6 (As of Jun. 29, 2026) — 20% Above Median


BOM:500032 Bajaj Hindusthan Sugar Ltd BOM:500032
47 GF Score
Price ₹18.15
GF Value ₹11.99
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Bajaj Hindusthan Sugar Piotroski F-Score?

Bajaj Hindusthan Sugar BOM:500032 -3.51% 47 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates BOM:500032 with a GF Score™ of 47/100 and a GF Value™ of ₹11.99 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Bajaj Hindusthan Sugar ranks better than 73.28% 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

Bajaj Hindusthan Sugar has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Bajaj Hindusthan Sugar's Piotroski F-Score or its related term are showing as below:

BOM:500032' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Bajaj Hindusthan Sugar was 7. The lowest was 4. And the median was 5.

Bajaj Hindusthan Sugar  (BOM:500032) 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.


Bajaj Hindusthan Sugar Piotroski F-Score Related Terms


Bajaj Hindusthan Sugar Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bajaj Hindusthan Sugar'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.

Bajaj Hindusthan Sugar Piotroski F-Score Chart

Bajaj Hindusthan Sugar 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 5.00 5.00 6.00 4.00 6.00

Bajaj Hindusthan Sugar 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 4.00 0.00 0.00 0.00 6.00

BOM:500032 vs MDLZ, HSY, TR: Piotroski F-Score Comparison

For the Confectioners subindustry, Bajaj Hindusthan Sugar'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.


Bajaj Hindusthan Sugar Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bajaj Hindusthan Sugar's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bajaj Hindusthan Sugar's Piotroski F-Score falls into.


BOM:500032
47GF Score
Bajaj Hindusthan Sugar Ltd BOM:500032
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 ₹1,266 Mil.
Cash Flow from Operations was ₹2,296 Mil.
Revenue was ₹54,548 Mil.
Gross Profit was ₹10,914 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (152843.7 + 143037.9) / 2 = ₹147940.8 Mil.
Total Assets at the begining of this year (Mar25) was ₹152,844 Mil.
Long-Term Debt & Capital Lease Obligation was ₹31,579 Mil.
Total Current Assets was ₹34,147 Mil.
Total Current Liabilities was ₹60,836 Mil.
Net Income was ₹-7,791 Mil.

Revenue was ₹55,727 Mil.
Gross Profit was ₹11,439 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (159061 + 152843.7) / 2 = ₹155952.35 Mil.
Total Assets at the begining of last year (Mar24) was ₹159,061 Mil.
Long-Term Debt & Capital Lease Obligation was ₹35,477 Mil.
Total Current Assets was ₹35,453 Mil.
Total Current Liabilities was ₹61,884 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.

Bajaj Hindusthan Sugar's current Net Income (TTM) was 1,266. ==> 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.

Bajaj Hindusthan Sugar's current Cash Flow from Operations (TTM) was 2,296. ==> 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)
=1266.3/152843.7
=0.00828493

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-7790.9/159061
=-0.04898058

Bajaj Hindusthan Sugar's return on assets of this year was 0.00828493. Bajaj Hindusthan Sugar's return on assets of last year was -0.04898058. ==> 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.

Bajaj Hindusthan Sugar's current Net Income (TTM) was 1,266. Bajaj Hindusthan Sugar's current Cash Flow from Operations (TTM) was 2,296. ==> 2,296 > 1,266 ==> 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
=31578.9/147940.8
=0.21345633

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=35477.4/155952.35
=0.22748872

Bajaj Hindusthan Sugar's gearing of this year was 0.21345633. Bajaj Hindusthan Sugar's gearing of last year was 0.22748872. ==> 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
=34146.9/60835.8
=0.56129614

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=35452.6/61884.4
=0.57288428

Bajaj Hindusthan Sugar's current ratio of this year was 0.56129614. Bajaj Hindusthan Sugar's current ratio of last year was 0.57288428. ==> 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.

Bajaj Hindusthan Sugar's number of shares in issue this year was 2341.062. Bajaj Hindusthan Sugar's number of shares in issue last year was 1244.553. ==> 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
=10913.5/54547.6
=0.20007296

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11438.7/55726.7
=0.20526426

Bajaj Hindusthan Sugar's gross margin of this year was 0.20007296. Bajaj Hindusthan Sugar's gross margin of last year was 0.20526426. ==> 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)
=54547.6/152843.7
=0.35688484

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=55726.7/159061
=0.35034798

Bajaj Hindusthan Sugar's asset turnover of this year was 0.35688484. Bajaj Hindusthan Sugar's asset turnover of last year was 0.35034798. ==> 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+0+0+0+1
=6

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

Bajaj Hindusthan Sugar has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Bajaj Hindusthan Sugar (BOM:500032) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bajaj Hindusthan Sugar and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Bajaj Hindusthan Sugar's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Bajaj Hindusthan Sugar ranks #510 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Bajaj Hindusthan Sugar's Piotroski F-Score too high?
Bajaj Hindusthan Sugar's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Bajaj Hindusthan Sugar's value of 6 is 20% above this industry median. Based on the distribution chart, Bajaj Hindusthan Sugar ranks #510 out of 1909 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Bajaj Hindusthan Sugar has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Hindusthan Sugar's Piotroski F-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Bajaj Hindusthan Sugar ranks #510 out of 1909 companies for Piotroski F-Score. This puts Bajaj Hindusthan Sugar in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Bajaj Hindusthan Sugar's value of 6 is 20% above this benchmark. Historically, Bajaj Hindusthan Sugar's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Bajaj Hindusthan Sugar 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. Bajaj Hindusthan Sugar's current Piotroski F-Score of 6 is 20% 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 Bajaj Hindusthan Sugar and its competitors. For the Consumer Packaged Goods 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. Bajaj Hindusthan Sugar's current Piotroski F-Score is 6, which is 20% above 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 Bajaj Hindusthan Sugar stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Hindusthan Sugar (BOM:500032) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹11.99, compared to a current price of ₹18.15 — trading 51.4% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Bajaj Hindusthan Sugar's overall GF Score™ is 47/100 with 7 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 Bajaj Hindusthan Sugar (BOM:500032), the current Piotroski F-Score is 6 as of Jun. 29, 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 Bajaj Hindusthan Sugar (BOM:500032) Overvalued in 2026?

Based on GuruFocus' analysis, Bajaj Hindusthan Sugar stock appears to be overvalued. The current stock price of ₹18.15 is trading 51.4% above its estimated GF Value™ of ₹11.99. GuruFocus considers Bajaj Hindusthan Sugar to be Significantly Overvalued.

Key valuation signals for BOM:500032:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ₹11.99 vs. price of ₹18.15 (51.4% above fair value)
  • GF Score™: 47/100 with 7 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#510 of 1909)

No single metric tells the full story. See the BOM:500032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bajaj Hindusthan Sugar Business Description

Other Exchanges BAJAJHIND:India
Address Jamnalal Bajaj Marg, Bajaj Bhawan, B-10, Sector 3, NCR Delhi, Noida, IND, 201301
Bajaj Hindusthan Sugar Ltd is an Indian company engaged in the manufacture of sugar, alcohol, and the generation of power. Its reportable operating segments are Sugar, Distillery, Power, and Others. It generates maximum revenue from the Sugar segment. The by-products obtained during the sugar manufacturing process are molasses, bagasse, fly ash, and press mud.
47GF Score

Get the complete analysis for BOM:500032

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

₹18.15
Price
₹11.99
GF Value