Kesar Enterprises (BOM:507180) Piotroski F-Score: 4 (As of Jul. 06, 2026) — 33% Below Median


BOM:507180 Kesar Enterprises Ltd BOM:507180
52 GF Score
Price ₹6.33
GF Value ₹6.74
Valuation Fairly Valued
! 3 Warning Signs
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What is Kesar Enterprises Piotroski F-Score?

Kesar Enterprises BOM:507180 +2.93% 52 Piotroski F-Score is 4 as of Jul. 06, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates BOM:507180 with a GF Score™ of 52/100 and a GF Value™ of ₹6.74 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Kesar Enterprises ranks worse than 66.89% 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

Kesar Enterprises has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

BOM:507180' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Kesar Enterprises was 8. The lowest was 2. And the median was 6.

Kesar Enterprises  (BOM:507180) 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.


Kesar Enterprises Piotroski F-Score Related Terms


Kesar Enterprises Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kesar Enterprises'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.

Kesar Enterprises Piotroski F-Score Chart

Kesar Enterprises 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 4.00 5.00 8.00 2.00 4.00

Kesar Enterprises 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 2.00 0.00 0.00 0.00 4.00

BOM:507180 vs MDLZ, HSY, TR: Piotroski F-Score Comparison

For the Confectioners subindustry, Kesar Enterprises'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.


Kesar Enterprises Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


BOM:507180
52GF Score
Kesar Enterprises Ltd BOM:507180
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 ₹-484 Mil.
Cash Flow from Operations was ₹-247 Mil.
Revenue was ₹3,045 Mil.
Gross Profit was ₹381 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (5227.727 + 4532.422) / 2 = ₹4880.0745 Mil.
Total Assets at the begining of this year (Mar25) was ₹5,228 Mil.
Long-Term Debt & Capital Lease Obligation was ₹8 Mil.
Total Current Assets was ₹243 Mil.
Total Current Liabilities was ₹3,286 Mil.
Net Income was ₹-726 Mil.

Revenue was ₹3,340 Mil.
Gross Profit was ₹286 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (6307.976 + 5227.727) / 2 = ₹5767.8515 Mil.
Total Assets at the begining of last year (Mar24) was ₹6,308 Mil.
Long-Term Debt & Capital Lease Obligation was ₹8 Mil.
Total Current Assets was ₹622 Mil.
Total Current Liabilities was ₹3,714 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.

Kesar Enterprises's current Net Income (TTM) was -484. ==> Negative ==> Score 0.

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.

Kesar Enterprises's current Cash Flow from Operations (TTM) was -247. ==> 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)
=-484.091/5227.727
=-0.09260067

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-726.24/6307.976
=-0.11513043

Kesar Enterprises's return on assets of this year was -0.09260067. Kesar Enterprises's return on assets of last year was -0.11513043. ==> 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.

Kesar Enterprises's current Net Income (TTM) was -484. Kesar Enterprises's current Cash Flow from Operations (TTM) was -247. ==> -247 > -484 ==> 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
=7.611/4880.0745
=0.00155961

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=7.74/5767.8515
=0.00134192

Kesar Enterprises's gearing of this year was 0.00155961. Kesar Enterprises's gearing of last year was 0.00134192. ==> Last year is lower than this year ==> Score 0.

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
=242.802/3286.445
=0.07387983

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=621.93/3714.103
=0.16745093

Kesar Enterprises's current ratio of this year was 0.07387983. Kesar Enterprises's current ratio of last year was 0.16745093. ==> 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.

Kesar Enterprises's number of shares in issue this year was 100.852. Kesar Enterprises's number of shares in issue last year was 100.727. ==> 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
=381.006/3044.972
=0.12512627

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=286.025/3339.697
=0.085644

Kesar Enterprises's gross margin of this year was 0.12512627. Kesar Enterprises's gross margin of last year was 0.085644. ==> 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)
=3044.972/5227.727
=0.58246576

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3339.697/6307.976
=0.52944035

Kesar Enterprises's asset turnover of this year was 0.58246576. Kesar Enterprises's asset turnover of last year was 0.52944035. ==> 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
=0+0+1+1+0+0+0+1+1
=4

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

Kesar Enterprises has an F-score of 4 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 4 mean?
Kesar Enterprises (BOM:507180) has a Piotroski F-Score of 4 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kesar Enterprises and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Kesar Enterprises' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Kesar Enterprises ranks #1279 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is Kesar Enterprises' Piotroski F-Score too high?
Kesar Enterprises' current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Kesar Enterprises' value of 4 is 20% below this industry median. Based on the distribution chart, Kesar Enterprises ranks #1279 out of 1912 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Kesar Enterprises has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kesar Enterprises' Piotroski F-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Kesar Enterprises ranks #1279 out of 1912 companies for Piotroski F-Score. This places Kesar Enterprises in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kesar Enterprises' value of 4 is 20% below this benchmark. Historically, Kesar Enterprises' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kesar Enterprises 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,912 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. Kesar Enterprises's current Piotroski F-Score of 4 is 20% 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 Kesar Enterprises 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. Kesar Enterprises's current Piotroski F-Score is 4, which is 33% below 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 Kesar Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Kesar Enterprises (BOM:507180) is currently considered Fairly Valued. The stock's GF Value™ is ₹6.74, compared to a current price of ₹6.33 — trading 6.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Kesar Enterprises' overall GF Score™ is 52/100 with 3 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 Kesar Enterprises (BOM:507180), the current Piotroski F-Score is 4 as of Jul. 06, 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 Kesar Enterprises (BOM:507180) Overvalued in 2026?

Based on GuruFocus' analysis, Kesar Enterprises stock appears to be undervalued. The current stock price of ₹6.33 is trading 6.1% below its estimated GF Value™ of ₹6.74. GuruFocus considers Kesar Enterprises to be Fairly Valued.

Key valuation signals for BOM:507180:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: ₹6.74 vs. price of ₹6.33 (6.1% below fair value)
  • GF Score™: 52/100 with 3 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1279 of 1912)

No single metric tells the full story. See the BOM:507180 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kesar Enterprises Business Description

Address 7 Jamshedji Tata Road, Oriental House, 6th Floor, Churchgate, Mumbai, MH, IND, 400020
Kesar Enterprises Ltd is engaged in the manufacture of sugar and its byproducts, the manufacture of alcohol and alcoholic beverages by distillation, including ethanol, and the generation of renewable power. Its segments are Sugar, Power, and Spirits. The majority of its revenue comes from the sugar segment.
52GF Score

Get the complete analysis for BOM:507180

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

₹6.33
Price
₹6.74
GF Value