The South India Paper MillsBOM:516108 -1.10%71 Piotroski F-Score is 9 as of Jul. 06, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates BOM:516108 with a GF Score™ of 71/100 and a GF Value™ of ₹121.77 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 282 Forest Products companies, The South India Paper Mills ranks better than 99.65% on this metric.
Good Sign:
Piotroski F-Score is 9, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The South India Paper Mills has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for The South India Paper Mills's Piotroski F-Score or its related term are showing as below:
BOM:516108'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 9
During the past 13 years, the highest Piotroski F-Score of The South India Paper Mills was 9. The lowest was 3. And the median was 6.
The South India Paper Mills (BOM:516108) 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.
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.
The South India Paper Mills Piotroski F-Score Related Terms
The South India Paper Mills Piotroski F-Score Historical Data
* 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.
The South India Paper Mills Piotroski F-Score Chart
The South India Paper Mills Piotroski F-Score Competitor Comparison
For the Paper & Paper Products subindustry, The South India Paper Mills'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.
The South India Paper Mills Piotroski F-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, The South India Paper Mills's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The South India Paper Mills's Piotroski F-Score falls into.
* 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.
*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.
The South India Paper Mills's current Net Income (TTM) was 107.
==> 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.
The South India Paper Mills's current Cash Flow from Operations (TTM) was 426.
==> 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.
The South India Paper Mills's return on assets of this year was 0.02424141. The South India Paper Mills's return on assets of last year was -0.02111776.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
The South India Paper Mills's gearing of this year was 0.16063244. The South India Paper Mills's gearing of last year was 0.18345042.
==> 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
The South India Paper Mills's current ratio of this year was 1.14347705. The South India Paper Mills's current ratio of last year was 1.00321032.
==> 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.
The South India Paper Mills's number of shares in issue this year was 18.745. The South India Paper Mills's number of shares in issue last year was 18.756.
==> 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.
The South India Paper Mills's gross margin of this year was 0.42071948. The South India Paper Mills's gross margin of last year was 0.38754509.
==> 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
The South India Paper Mills's asset turnover of this year was 0.97906334. The South India Paper Mills's asset turnover of last year was 0.80897654.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The South India Paper Mills has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The South India Paper Mills (BOM:516108) has a Piotroski F-Score of 9 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The South India Paper Mills and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, The South India Paper Mills' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, The South India Paper Mills ranks #1 out of 282 companies in the Forest Products industry, placing it in the top 0.40000000000001%.
Is The South India Paper Mills' Piotroski F-Score too high?
The South India Paper Mills' current Piotroski F-Score of 9 is 50% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Forest Products industry median Piotroski F-Score is 5.00. The South India Paper Mills' value of 9 is 80% above this industry median. Based on the distribution chart, The South India Paper Mills ranks #1 out of 282 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, The South India Paper Mills has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The South India Paper Mills' Piotroski F-Score compare to competitors?
According to the Forest Products industry distribution chart, The South India Paper Mills ranks #1 out of 282 companies for Piotroski F-Score. This places The South India Paper Mills in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. The South India Paper Mills' value of 9 is 80% above this benchmark. Historically, The South India Paper Mills' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, The South India Paper Mills 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 Forest Products company?
The median Piotroski F-Score among Forest Products companies is 5.00, based on 282 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. The South India Paper Mills's current Piotroski F-Score of 9 is 80% 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 The South India Paper Mills and its competitors. For the Forest Products 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. The South India Paper Mills's current Piotroski F-Score is 9, which is 50% above 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 The South India Paper Mills stock overvalued right now?
Based on GuruFocus' analysis, The South India Paper Mills (BOM:516108) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹121.77, compared to a current price of ₹103.80 — trading 14.8% below its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 80% above the Forest Products industry median of 5.00. The South India Paper Mills' overall GF Score™ is 71/100 with 6 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 The South India Paper Mills (BOM:516108), the current Piotroski F-Score is 9 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 The South India Paper Mills (BOM:516108) Overvalued in 2026?
Based on GuruFocus' analysis, The South India Paper Mills stock appears to be undervalued.
The current stock price of ₹103.80 is trading 14.8% below its estimated GF Value™ of ₹121.77.
GuruFocus considers The South India Paper Mills to be Modestly Undervalued.
Key valuation signals for BOM:516108:
Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
GF Value™: ₹121.77 vs. price of ₹103.80 (14.8% below fair value)
Industry Position: 80% above the Forest Products median (#1 of 282)
No single metric tells the full story. See the BOM:516108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The South India Paper Mills Ltd is the manufacturer of corrugating raw material and paper boards. It is also engaged in the manufacture of corrugated paper and paperboard, and containers of paper and paperboard and power generation. The company's only reportable business segment is Paper and paper products. The firm operates in India. The majority of the company's revenues are generated through paper and paper products.
71GF Score
Get the complete analysis for BOM:516108
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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