Kesar Petroproducts (BOM:524174) Piotroski F-Score: 6 (As of Jul. 05, 2026) — Near Median


BOM:524174 Kesar Petroproducts Ltd BOM:524174
63 GF Score
Price ₹17.22
GF Value ₹19.76
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Kesar Petroproducts Piotroski F-Score?

Kesar Petroproducts BOM:524174 -1.88% 63 Piotroski F-Score is 6 as of Jul. 05, 2026, which is at its 10-year median of 6.00. GuruFocus rates BOM:524174 with a GF Score™ of 63/100 and a GF Value™ of ₹19.76 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,562 Chemicals companies, Kesar Petroproducts ranks better than 76.25% 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 Petroproducts has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

BOM:524174' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 6

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

Kesar Petroproducts  (BOM:524174) 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 Petroproducts Piotroski F-Score Related Terms


Kesar Petroproducts Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kesar Petroproducts'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 Petroproducts Piotroski F-Score Chart

Kesar Petroproducts 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 3.00 4.00 5.00 8.00 6.00

Kesar Petroproducts 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 8.00 0.00 0.00 0.00 6.00

BOM:524174 vs DOW: Piotroski F-Score Comparison

For the Chemicals subindustry, Kesar Petroproducts'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 Petroproducts Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kesar Petroproducts's Piotroski F-Score distribution charts can be found below:

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


BOM:524174
63GF Score
Kesar Petroproducts Ltd BOM:524174
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 ₹97 Mil.
Cash Flow from Operations was ₹305 Mil.
Revenue was ₹1,872 Mil.
Gross Profit was ₹410 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (2382.898 + 2450.7) / 2 = ₹2416.799 Mil.
Total Assets at the begining of this year (Mar25) was ₹2,383 Mil.
Long-Term Debt & Capital Lease Obligation was ₹345 Mil.
Total Current Assets was ₹801 Mil.
Total Current Liabilities was ₹576 Mil.
Net Income was ₹100 Mil.

Revenue was ₹1,852 Mil.
Gross Profit was ₹395 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2087.465 + 2382.898) / 2 = ₹2235.1815 Mil.
Total Assets at the begining of last year (Mar24) was ₹2,087 Mil.
Long-Term Debt & Capital Lease Obligation was ₹404 Mil.
Total Current Assets was ₹1,008 Mil.
Total Current Liabilities was ₹528 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 Petroproducts's current Net Income (TTM) was 97. ==> 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.

Kesar Petroproducts's current Cash Flow from Operations (TTM) was 305. ==> 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)
=96.8/2382.898
=0.0406228

ROA (Last Year)=Net Income/Total Assets (Mar24)
=99.6/2087.465
=0.04771337

Kesar Petroproducts's return on assets of this year was 0.0406228. Kesar Petroproducts's return on assets of last year was 0.04771337. ==> 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.

Kesar Petroproducts's current Net Income (TTM) was 97. Kesar Petroproducts's current Cash Flow from Operations (TTM) was 305. ==> 305 > 97 ==> 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
=345.1/2416.799
=0.14279218

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=404.27/2235.1815
=0.18086674

Kesar Petroproducts's gearing of this year was 0.14279218. Kesar Petroproducts's gearing of last year was 0.18086674. ==> 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
=801.1/576.2
=1.39031586

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1007.684/527.74
=1.90943268

Kesar Petroproducts's current ratio of this year was 1.39031586. Kesar Petroproducts's current ratio of last year was 1.90943268. ==> 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 Petroproducts's number of shares in issue this year was 116.627. Kesar Petroproducts's number of shares in issue last year was 117.176. ==> 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
=409.8/1872.2
=0.21888687

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=394.6/1851.7
=0.21310147

Kesar Petroproducts's gross margin of this year was 0.21888687. Kesar Petroproducts's gross margin of last year was 0.21310147. ==> 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)
=1872.2/2382.898
=0.78568197

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1851.7/2087.465
=0.88705679

Kesar Petroproducts's asset turnover of this year was 0.78568197. Kesar Petroproducts's asset turnover of last year was 0.88705679. ==> 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+1+0+1+1+0+1+1+0
=6

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

Kesar Petroproducts has an F-score of 6 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 6 mean?
Kesar Petroproducts (BOM:524174) has a Piotroski F-Score of 6 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kesar Petroproducts and its competitors. This is near median its historical median of 6.00. Over the past decade, Kesar Petroproducts' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Kesar Petroproducts ranks #371 out of 1562 companies in the Chemicals industry, placing it in the top 23.8%.
Is Kesar Petroproducts' Piotroski F-Score too high?
Kesar Petroproducts' current Piotroski F-Score of 6 is near 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 Chemicals industry median Piotroski F-Score is 5.00. Kesar Petroproducts' value of 6 is 20% above this industry median. Based on the distribution chart, Kesar Petroproducts ranks #371 out of 1562 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Kesar Petroproducts has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kesar Petroproducts' Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Kesar Petroproducts ranks #371 out of 1562 companies for Piotroski F-Score. This places Kesar Petroproducts in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kesar Petroproducts' value of 6 is 20% above this benchmark. Historically, Kesar Petroproducts' 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 Petroproducts 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,562 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 Petroproducts's current Piotroski F-Score of 6 is 20% 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 Kesar Petroproducts and its competitors. For the Chemicals 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 Petroproducts's current Piotroski F-Score is 6, which is near 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 Petroproducts stock overvalued right now?
Based on GuruFocus' analysis, Kesar Petroproducts (BOM:524174) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹19.76, compared to a current price of ₹17.22 — trading 12.9% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Chemicals industry median of 5.00. Kesar Petroproducts' overall GF Score™ is 63/100 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 Kesar Petroproducts (BOM:524174), the current Piotroski F-Score is 6 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 Kesar Petroproducts (BOM:524174) Overvalued in 2026?

Based on GuruFocus' analysis, Kesar Petroproducts stock appears to be undervalued. The current stock price of ₹17.22 is trading 12.9% below its estimated GF Value™ of ₹19.76. GuruFocus considers Kesar Petroproducts to be Modestly Undervalued.

Key valuation signals for BOM:524174:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ₹19.76 vs. price of ₹17.22 (12.9% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 20% above the Chemicals median (#371 of 1562)

No single metric tells the full story. See the BOM:524174 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kesar Petroproducts Business Description

Address D-7/1, MIDC Industrial Area, Lote Parshuram, Taluka Khed, Ratnagiri, MH, IND, 415722
Kesar Petroproducts Ltd is an Indian-based firm engaged in manufacturing a phthalocyanine range of pigments and Dye Intermediates, blue crude, and its downstream products. The Company is in the business of manufacturing and marketing Organic Chemicals and Pigments. The company's pigment products are Copper phthalocyanine crude(CPC) blue, CPC crude blue activated, Alpha Blue 15.0, Alpha Blue 15.1, Beta Blue 15.3, and Pigment green 7. It contributes up to 15% of the entire Copper Phthalocyanine market of India.
63GF Score

Get the complete analysis for BOM:524174

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

₹17.22
Price
₹19.76
GF Value