Kokuyo Camlin (BOM:523207) Piotroski F-Score: 9 (As of Jul. 03, 2026) — 50% Above Median


BOM:523207 Kokuyo Camlin Ltd BOM:523207
73 GF Score
Price ₹89.54
GF Value ₹130.18
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Kokuyo Camlin Piotroski F-Score?

Kokuyo Camlin BOM:523207 +1.73% 73 Piotroski F-Score is 9 as of Jul. 03, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates BOM:523207 with a GF Score™ of 73/100 and a GF Value™ of ₹130.18 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,976 Industrial Products companies, Kokuyo Camlin ranks better than 99.97% 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

Kokuyo Camlin 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 Kokuyo Camlin's Piotroski F-Score or its related term are showing as below:

BOM:523207' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Kokuyo Camlin was 9. The lowest was 5. And the median was 6.

Kokuyo Camlin  (BOM:523207) 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.


Kokuyo Camlin Piotroski F-Score Related Terms


Kokuyo Camlin Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kokuyo Camlin'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.

Kokuyo Camlin Piotroski F-Score Chart

Kokuyo Camlin 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 6.00 8.00 6.00 5.00 9.00

Kokuyo Camlin 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 5.00 0.00 0.00 0.00 9.00

Kokuyo Camlin Piotroski F-Score Competitor Comparison

For the Business Equipment & Supplies subindustry, Kokuyo Camlin'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.


Kokuyo Camlin Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kokuyo Camlin's Piotroski F-Score distribution charts can be found below:

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


BOM:523207
73GF Score
Kokuyo Camlin Ltd BOM:523207
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 ₹248 Mil.
Cash Flow from Operations was ₹398 Mil.
Revenue was ₹8,034 Mil.
Gross Profit was ₹3,071 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (4549.805 + 4674.467) / 2 = ₹4612.136 Mil.
Total Assets at the begining of this year (Mar25) was ₹4,550 Mil.
Long-Term Debt & Capital Lease Obligation was ₹71 Mil.
Total Current Assets was ₹2,873 Mil.
Total Current Liabilities was ₹1,312 Mil.
Net Income was ₹58 Mil.

Revenue was ₹7,600 Mil.
Gross Profit was ₹2,689 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (4930.545 + 4549.805) / 2 = ₹4740.175 Mil.
Total Assets at the begining of last year (Mar24) was ₹4,931 Mil.
Long-Term Debt & Capital Lease Obligation was ₹103 Mil.
Total Current Assets was ₹2,634 Mil.
Total Current Liabilities was ₹1,340 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.

Kokuyo Camlin's current Net Income (TTM) was 248. ==> 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.

Kokuyo Camlin's current Cash Flow from Operations (TTM) was 398. ==> 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)
=247.879/4549.805
=0.05448124

ROA (Last Year)=Net Income/Total Assets (Mar24)
=58.33/4930.545
=0.01183034

Kokuyo Camlin's return on assets of this year was 0.05448124. Kokuyo Camlin's return on assets of last year was 0.01183034. ==> 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.

Kokuyo Camlin's current Net Income (TTM) was 248. Kokuyo Camlin's current Cash Flow from Operations (TTM) was 398. ==> 398 > 248 ==> 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
=70.553/4612.136
=0.01529725

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=102.796/4740.175
=0.02168612

Kokuyo Camlin's gearing of this year was 0.01529725. Kokuyo Camlin's gearing of last year was 0.02168612. ==> 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
=2872.578/1312.052
=2.18937816

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2633.986/1340.087
=1.96553358

Kokuyo Camlin's current ratio of this year was 2.18937816. Kokuyo Camlin's current ratio of last year was 1.96553358. ==> 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.

Kokuyo Camlin's number of shares in issue this year was 100.356. Kokuyo Camlin's number of shares in issue last year was 100.569. ==> 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
=3070.939/8033.806
=0.38225207

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2688.964/7599.76
=0.35382223

Kokuyo Camlin's gross margin of this year was 0.38225207. Kokuyo Camlin's gross margin of last year was 0.35382223. ==> 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)
=8033.806/4549.805
=1.76574732

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7599.76/4930.545
=1.54136307

Kokuyo Camlin's asset turnover of this year was 1.76574732. Kokuyo Camlin's asset turnover of last year was 1.54136307. ==> 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+1+1+1
=9

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

Kokuyo Camlin has an F-score of 9. 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 9 mean?
Kokuyo Camlin (BOM:523207) has a Piotroski F-Score of 9 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kokuyo Camlin and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, Kokuyo Camlin's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Kokuyo Camlin ranks #1 out of 2976 companies in the Industrial Products industry, placing it in the top 0%.
Is Kokuyo Camlin's Piotroski F-Score too high?
Kokuyo Camlin's 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 5.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Kokuyo Camlin's value of 9 is 80% above this industry median. Based on the distribution chart, Kokuyo Camlin ranks #1 out of 2976 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Kokuyo Camlin has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kokuyo Camlin's Piotroski F-Score compare to competitors?
According to the Industrial Products industry distribution chart, Kokuyo Camlin ranks #1 out of 2976 companies for Piotroski F-Score. This places Kokuyo Camlin in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kokuyo Camlin's value of 9 is 80% above this benchmark. Historically, Kokuyo Camlin's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kokuyo Camlin 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,976 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. Kokuyo Camlin'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 Kokuyo Camlin and its competitors. For the Industrial 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. Kokuyo Camlin'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 Kokuyo Camlin stock overvalued right now?
Based on GuruFocus' analysis, Kokuyo Camlin (BOM:523207) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹130.18, compared to a current price of ₹89.54 — trading 31.2% 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 Industrial Products industry median of 5.00. Kokuyo Camlin's overall GF Score™ is 73/100 with 2 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 Kokuyo Camlin (BOM:523207), the current Piotroski F-Score is 9 as of Jul. 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 Kokuyo Camlin (BOM:523207) Overvalued in 2026?

Based on GuruFocus' analysis, Kokuyo Camlin stock appears to be undervalued. The current stock price of ₹89.54 is trading 31.2% below its estimated GF Value™ of ₹130.18. GuruFocus considers Kokuyo Camlin to be Significantly Undervalued.

Key valuation signals for BOM:523207:

  • Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
  • GF Value™: ₹130.18 vs. price of ₹89.54 (31.2% below fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 80% above the Industrial Products median (#1 of 2976)

No single metric tells the full story. See the BOM:523207 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kokuyo Camlin Business Description

Other Exchanges KOKUYOCMLN:India
Address 48/2, Hilton House, Central Road, MIDC, Andheri (East), Mumbai, MH, IND, 400 093
Kokuyo Camlin Ltd is engaged in the business of manufacturing, trading, and selling stationery products. The company manufactures and trades in scholastic products such as writing instruments, marker pens, notebooks, inks, fine-art colors and accessories, hobby colors, pencils, and other stationery products. Geographically, it derives a majority of its revenue from India.
73GF Score

Get the complete analysis for BOM:523207

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

₹89.54
Price
₹130.18
GF Value