Indian Sucrose (BOM:500319) Piotroski F-Score: 5 (As of Jul. 05, 2026) — 29% Below Median


BOM:500319 Indian Sucrose Ltd BOM:500319
74 GF Score
Price ₹74.25
GF Value ₹96.39
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Indian Sucrose Piotroski F-Score?

Indian Sucrose BOM:500319 +1.37% 74 Piotroski F-Score is 5 as of Jul. 05, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates BOM:500319 with a GF Score™ of 74/100 and a GF Value™ of ₹96.39 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,913 Consumer Packaged Goods companies, Indian Sucrose ranks better than 52.01% 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

Indian Sucrose has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

BOM:500319' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Indian Sucrose was 9. The lowest was 4. And the median was 7.

Indian Sucrose  (BOM:500319) 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.


Indian Sucrose Piotroski F-Score Related Terms


Indian Sucrose Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Indian Sucrose'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.

Indian Sucrose Piotroski F-Score Chart

Indian Sucrose 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 7.00 7.00 7.00 9.00 5.00

Indian Sucrose 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 9.00 0.00 0.00 0.00 5.00

BOM:500319 vs MDLZ, HSY, TR: Piotroski F-Score Comparison

For the Confectioners subindustry, Indian Sucrose'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.


Indian Sucrose Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


BOM:500319
74GF Score
Indian Sucrose Ltd BOM:500319
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 ₹311 Mil.
Cash Flow from Operations was ₹-372 Mil.
Revenue was ₹5,108 Mil.
Gross Profit was ₹1,492 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (6556.532 + 6326.7) / 2 = ₹6441.616 Mil.
Total Assets at the begining of this year (Mar25) was ₹6,557 Mil.
Long-Term Debt & Capital Lease Obligation was ₹178 Mil.
Total Current Assets was ₹4,178 Mil.
Total Current Liabilities was ₹2,931 Mil.
Net Income was ₹384 Mil.

Revenue was ₹5,457 Mil.
Gross Profit was ₹1,566 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (5896.268 + 6556.532) / 2 = ₹6226.4 Mil.
Total Assets at the begining of last year (Mar24) was ₹5,896 Mil.
Long-Term Debt & Capital Lease Obligation was ₹214 Mil.
Total Current Assets was ₹4,477 Mil.
Total Current Liabilities was ₹3,511 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.

Indian Sucrose's current Net Income (TTM) was 311. ==> 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.

Indian Sucrose's current Cash Flow from Operations (TTM) was -372. ==> 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)
=311/6556.532
=0.04743361

ROA (Last Year)=Net Income/Total Assets (Mar24)
=383.8/5896.268
=0.06509202

Indian Sucrose's return on assets of this year was 0.04743361. Indian Sucrose's return on assets of last year was 0.06509202. ==> 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.

Indian Sucrose's current Net Income (TTM) was 311. Indian Sucrose's current Cash Flow from Operations (TTM) was -372. ==> -372 <= 311 ==> 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
=177.8/6441.616
=0.02760177

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=213.765/6226.4
=0.03433204

Indian Sucrose's gearing of this year was 0.02760177. Indian Sucrose's gearing of last year was 0.03433204. ==> 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
=4178.2/2931
=1.4255203

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4477.45/3511.058
=1.27524239

Indian Sucrose's current ratio of this year was 1.4255203. Indian Sucrose's current ratio of last year was 1.27524239. ==> 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.

Indian Sucrose's number of shares in issue this year was 17.374. Indian Sucrose's number of shares in issue last year was 17.374. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1492.1/5107.7
=0.29212757

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1566.3/5456.9
=0.2870311

Indian Sucrose's gross margin of this year was 0.29212757. Indian Sucrose's gross margin of last year was 0.2870311. ==> 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)
=5107.7/6556.532
=0.77902464

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=5456.9/5896.268
=0.92548371

Indian Sucrose's asset turnover of this year was 0.77902464. Indian Sucrose's asset turnover of last year was 0.92548371. ==> Last year's asset turnover is higher ==> Score 0.

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+1+1+1+0
=5

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

Indian Sucrose has an F-score of 5 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 5 mean?
Indian Sucrose (BOM:500319) has a Piotroski F-Score of 5 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Indian Sucrose and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Indian Sucrose's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Indian Sucrose ranks #918 out of 1913 companies in the Consumer Packaged Goods industry, placing it in the top 48%.
Is Indian Sucrose's Piotroski F-Score too high?
Indian Sucrose's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Indian Sucrose's value of 5 is 0% at this industry median. Based on the distribution chart, Indian Sucrose ranks #918 out of 1913 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Indian Sucrose has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Sucrose's Piotroski F-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Indian Sucrose ranks #918 out of 1913 companies for Piotroski F-Score. This puts Indian Sucrose in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Indian Sucrose's value of 5 is 0% at this benchmark. Historically, Indian Sucrose's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Indian Sucrose has consistently been at 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 1,913 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. Indian Sucrose's current Piotroski F-Score of 5 is 0% at 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 Indian Sucrose 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. Indian Sucrose's current Piotroski F-Score is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Sucrose stock overvalued right now?
Based on GuruFocus' analysis, Indian Sucrose (BOM:500319) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹96.39, compared to a current price of ₹74.25 — trading 23% below its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Indian Sucrose's overall GF Score™ is 74/100 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 Indian Sucrose (BOM:500319), the current Piotroski F-Score is 5 as of Jul. 05, 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 Indian Sucrose (BOM:500319) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Sucrose stock appears to be undervalued. The current stock price of ₹74.25 is trading 23% below its estimated GF Value™ of ₹96.39. GuruFocus considers Indian Sucrose to be Modestly Undervalued.

Key valuation signals for BOM:500319:

  • Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: ₹96.39 vs. price of ₹74.25 (23% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#918 of 1913)

No single metric tells the full story. See the BOM:500319 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indian Sucrose Business Description

Address Samalka Bound Road, Village Samalka, KH NO-24/5- New Sequence No-00039, Farm No 16, South West Delhi, Delhi, IND, 110061
Indian Sucrose Ltd manufactures sugar and allied products, with core segments in Sugar and Cogeneration of Power. Its product portfolio includes sugar, molasses, Power, Agri-inputs, and bagasse, with the sugar segment generating the majority of the revenue.
74GF Score

Get the complete analysis for BOM:500319

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

₹74.25
Price
₹96.39
GF Value