Asian Tea & Exports (BOM:519532) Piotroski F-Score: 8 (As of Aug. 03, 2026) — 60% Above Median

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BOM:519532 Asian Tea & Exports Ltd BOM:519532
51 GF Score
Price ₹9.18
GF Value ₹18.81
Valuation Possible Value Trap
! 4 Warning Signs
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What is Asian Tea & Exports Piotroski F-Score?

Asian Tea & Exports BOM:519532 +2.00% 51 Piotroski F-Score is 8 as of Aug. 03, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates BOM:519532 with a GF Score™ of 51/100 and a GF Value™ of ₹18.81 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 300 Retail - Defensive companies, Asian Tea & Exports ranks better than 98.67% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Asian Tea & Exports has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Asian Tea & Exports's Piotroski F-Score or its related term are showing as below:

BOM:519532' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Asian Tea & Exports was 8. The lowest was 2. And the median was 5.

Asian Tea & Exports  (BOM:519532) 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.


Asian Tea & Exports Piotroski F-Score Related Terms


Asian Tea & Exports Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Asian Tea & Exports'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.

Asian Tea & Exports Piotroski F-Score Chart

Asian Tea & Exports 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 2.00 5.00 6.00 6.00 8.00

Asian Tea & Exports 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 6.00 0.00 0.00 0.00 8.00

BOM:519532 vs SYY, USFD, PFGC: Piotroski F-Score Comparison

For the Food Distribution subindustry, Asian Tea & Exports'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.


Asian Tea & Exports Piotroski F-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Asian Tea & Exports's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Asian Tea & Exports's Piotroski F-Score falls into.


BOM:519532
51GF Score
Asian Tea & Exports Ltd BOM:519532
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 ₹5.7 Mil.
Cash Flow from Operations was ₹129.4 Mil.
Revenue was ₹685.2 Mil.
Gross Profit was ₹33.2 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1014.924 + 923.494) / 2 = ₹969.209 Mil.
Total Assets at the begining of this year (Mar25) was ₹1,014.9 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.6 Mil.
Total Current Assets was ₹447.5 Mil.
Total Current Liabilities was ₹217.5 Mil.
Net Income was ₹5.0 Mil.

Revenue was ₹535.5 Mil.
Gross Profit was ₹24.8 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (939.28 + 1014.924) / 2 = ₹977.102 Mil.
Total Assets at the begining of last year (Mar24) was ₹939.3 Mil.
Long-Term Debt & Capital Lease Obligation was ₹10.4 Mil.
Total Current Assets was ₹617.4 Mil.
Total Current Liabilities was ₹303.3 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.

Asian Tea & Exports's current Net Income (TTM) was 5.7. ==> 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.

Asian Tea & Exports's current Cash Flow from Operations (TTM) was 129.4. ==> 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)
=5.716/1014.924
=0.00563195

ROA (Last Year)=Net Income/Total Assets (Mar24)
=4.997/939.28
=0.00532003

Asian Tea & Exports's return on assets of this year was 0.00563195. Asian Tea & Exports's return on assets of last year was 0.00532003. ==> 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.

Asian Tea & Exports's current Net Income (TTM) was 5.7. Asian Tea & Exports's current Cash Flow from Operations (TTM) was 129.4. ==> 129.4 > 5.7 ==> 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
=0.562/969.209
=0.00057985

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=10.385/977.102
=0.01062837

Asian Tea & Exports's gearing of this year was 0.00057985. Asian Tea & Exports's gearing of last year was 0.01062837. ==> 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
=447.463/217.515
=2.05715928

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=617.428/303.33
=2.03549929

Asian Tea & Exports's current ratio of this year was 2.05715928. Asian Tea & Exports's current ratio of last year was 2.03549929. ==> 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.

Asian Tea & Exports's number of shares in issue this year was 24.852. Asian Tea & Exports's number of shares in issue last year was 20.821. ==> 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
=33.243/685.246
=0.0485125

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=24.828/535.503
=0.04636389

Asian Tea & Exports's gross margin of this year was 0.0485125. Asian Tea & Exports's gross margin of last year was 0.04636389. ==> 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)
=685.246/1014.924
=0.67516977

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=535.503/939.28
=0.57012073

Asian Tea & Exports's asset turnover of this year was 0.67516977. Asian Tea & Exports's asset turnover of last year was 0.57012073. ==> 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+1+0+1+1
=8

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

Asian Tea & Exports has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Asian Tea & Exports (BOM:519532) has a Piotroski F-Score of 8 as of Aug. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Asian Tea & Exports and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Asian Tea & Exports' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Asian Tea & Exports ranks #4 out of 300 companies in the Retail - Defensive industry, placing it in the top 1.3%.
Is Asian Tea & Exports' Piotroski F-Score too high?
Asian Tea & Exports' current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Asian Tea & Exports' value of 8 is 33.3% above this industry median. Based on the distribution chart, Asian Tea & Exports ranks #4 out of 300 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Asian Tea & Exports has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asian Tea & Exports' Piotroski F-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Asian Tea & Exports ranks #4 out of 300 companies for Piotroski F-Score. This places Asian Tea & Exports in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Asian Tea & Exports' value of 8 is 33.3% above this benchmark. Historically, Asian Tea & Exports' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Asian Tea & Exports 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 Retail - Defensive company?
The median Piotroski F-Score among Retail - Defensive companies is 6.00, based on 300 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. Asian Tea & Exports's current Piotroski F-Score of 8 is 33.3% 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 Asian Tea & Exports and its competitors. For the Retail - Defensive industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Tea & Exports's current Piotroski F-Score is 8, which is 60% 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 Asian Tea & Exports stock overvalued right now?
Based on GuruFocus' analysis, Asian Tea & Exports (BOM:519532) is currently considered Possible Value Trap. The stock's GF Value™ is ₹18.81, compared to a current price of ₹9.18 — trading 51.2% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 33.3% above the Retail - Defensive industry median of 6.00. Asian Tea & Exports' overall GF Score™ is 51/100 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 Asian Tea & Exports (BOM:519532), the current Piotroski F-Score is 8 as of Aug. 03, 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 Asian Tea & Exports (BOM:519532) Overvalued in 2026?

Based on GuruFocus' analysis, Asian Tea & Exports stock appears to be undervalued. The current stock price of ₹9.18 is trading 51.2% below its estimated GF Value™ of ₹18.81. GuruFocus considers Asian Tea & Exports to be Possible Value Trap.

Key valuation signals for BOM:519532:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: ₹18.81 vs. price of ₹9.18 (51.2% below fair value)
  • GF Score™: 51/100 with 4 warning signs
  • Industry Position: 33.3% above the Retail - Defensive median (#4 of 300)

No single metric tells the full story. See the BOM:519532 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asian Tea & Exports Business Description

Address 4/1, Middleton Street, 5th Floor, Sikkim Commerce House, Kolkata, WB, IND, 700071
Asian Tea & Exports Ltd is an India-based company engaged in the Business of the sale of made tea, Peas, Rice, Pulses, etc. The company caters to both domestic and international markets. It generates a vast majority of the revenue from the sales of pulses domestically, followed by the sale of White raw Rice.
51GF Score

Get the complete analysis for BOM:519532

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

₹9.18
Price
₹18.81
GF Value