Kay Power & Paper (BOM:530255) Piotroski F-Score: 4 (As of Jul. 08, 2026) — 20% Below Median


BOM:530255 Kay Power & Paper Ltd BOM:530255
64 GF Score
Price ₹8.81
GF Value ₹5.60
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Kay Power & Paper Piotroski F-Score?

Kay Power & Paper BOM:530255 -0.45% 64 Piotroski F-Score is 4 as of Jul. 08, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates BOM:530255 with a GF Score™ of 64/100 and a GF Value™ of ₹5.60 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 282 Forest Products companies, Kay Power & Paper ranks worse than 60.28% 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

Kay Power & Paper 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 Kay Power & Paper's Piotroski F-Score or its related term are showing as below:

BOM:530255' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Kay Power & Paper was 7. The lowest was 4. And the median was 5.

Kay Power & Paper  (BOM:530255) 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.


Kay Power & Paper Piotroski F-Score Related Terms


Kay Power & Paper Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kay Power & Paper'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.

Kay Power & Paper Piotroski F-Score Chart

Kay Power & Paper 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 5.00 5.00 5.00 4.00 4.00

Kay Power & Paper 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 4.00 0.00 0.00 0.00 4.00

Kay Power & Paper Piotroski F-Score Competitor Comparison

For the Paper & Paper Products subindustry, Kay Power & Paper'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.


Kay Power & Paper Piotroski F-Score vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Kay Power & Paper's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kay Power & Paper's Piotroski F-Score falls into.


BOM:530255
64GF Score
Kay Power & Paper Ltd BOM:530255
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 ₹10.1 Mil.
Cash Flow from Operations was ₹-231.3 Mil.
Revenue was ₹243.8 Mil.
Gross Profit was ₹51.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (623.291 + 828.205) / 2 = ₹725.748 Mil.
Total Assets at the begining of this year (Mar25) was ₹623.3 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1.7 Mil.
Total Current Assets was ₹173.3 Mil.
Total Current Liabilities was ₹27.0 Mil.
Net Income was ₹11.3 Mil.

Revenue was ₹404.4 Mil.
Gross Profit was ₹36.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (350.805 + 623.291) / 2 = ₹487.048 Mil.
Total Assets at the begining of last year (Mar24) was ₹350.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₹8.4 Mil.
Total Current Assets was ₹184.3 Mil.
Total Current Liabilities was ₹115.6 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.

Kay Power & Paper's current Net Income (TTM) was 10.1. ==> 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.

Kay Power & Paper's current Cash Flow from Operations (TTM) was -231.3. ==> 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)
=10.101/623.291
=0.01620591

ROA (Last Year)=Net Income/Total Assets (Mar24)
=11.252/350.805
=0.0320748

Kay Power & Paper's return on assets of this year was 0.01620591. Kay Power & Paper's return on assets of last year was 0.0320748. ==> 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.

Kay Power & Paper's current Net Income (TTM) was 10.1. Kay Power & Paper's current Cash Flow from Operations (TTM) was -231.3. ==> -231.3 <= 10.1 ==> CFROA <= ROA ==> Score 0.

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
=1.738/725.748
=0.00239477

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=8.377/487.048
=0.01719954

Kay Power & Paper's gearing of this year was 0.00239477. Kay Power & Paper's gearing of last year was 0.01719954. ==> 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
=173.34/26.975
=6.42594995

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=184.255/115.612
=1.59373594

Kay Power & Paper's current ratio of this year was 6.42594995. Kay Power & Paper's current ratio of last year was 1.59373594. ==> 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.

Kay Power & Paper's number of shares in issue this year was 34.831. Kay Power & Paper's number of shares in issue last year was 22.063. ==> 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
=51.768/243.804
=0.2123345

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=36.137/404.359
=0.08936861

Kay Power & Paper's gross margin of this year was 0.2123345. Kay Power & Paper's gross margin of last year was 0.08936861. ==> 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)
=243.804/623.291
=0.39115598

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=404.359/350.805
=1.15266031

Kay Power & Paper's asset turnover of this year was 0.39115598. Kay Power & Paper's asset turnover of last year was 1.15266031. ==> 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+0+0+0+1+1+0+1+0
=4

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

Kay Power & Paper 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?
Kay Power & Paper (BOM:530255) has a Piotroski F-Score of 4 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kay Power & Paper and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Kay Power & Paper's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Kay Power & Paper ranks #170 out of 282 companies in the Forest Products industry, placing it in the top 60.3%.
Is Kay Power & Paper's Piotroski F-Score too high?
Kay Power & Paper's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Forest Products industry median Piotroski F-Score is 5.00. Kay Power & Paper's value of 4 is 20% below this industry median. Based on the distribution chart, Kay Power & Paper ranks #170 out of 282 companies in the Forest Products industry, which is below the industry midpoint. Overall, Kay Power & Paper has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kay Power & Paper's Piotroski F-Score compare to competitors?
According to the Forest Products industry distribution chart, Kay Power & Paper ranks #170 out of 282 companies for Piotroski F-Score. This places Kay Power & Paper in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kay Power & Paper's value of 4 is 20% below this benchmark. Historically, Kay Power & Paper's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Kay Power & Paper 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 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. Kay Power & Paper'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 Kay Power & Paper 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. Kay Power & Paper's current Piotroski F-Score is 4, which is 20% below 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 Kay Power & Paper stock overvalued right now?
Based on GuruFocus' analysis, Kay Power & Paper (BOM:530255) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹5.60, compared to a current price of ₹8.81 — trading 57.3% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Forest Products industry median of 5.00. Kay Power & Paper's overall GF Score™ is 64/100 with 7 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 Kay Power & Paper (BOM:530255), the current Piotroski F-Score is 4 as of Jul. 08, 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 Kay Power & Paper (BOM:530255) Overvalued in 2026?

Based on GuruFocus' analysis, Kay Power & Paper stock appears to be overvalued. The current stock price of ₹8.81 is trading 57.3% above its estimated GF Value™ of ₹5.60. GuruFocus considers Kay Power & Paper to be Significantly Overvalued.

Key valuation signals for BOM:530255:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: ₹5.60 vs. price of ₹8.81 (57.3% above fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 20% below the Forest Products median (#170 of 282)

No single metric tells the full story. See the BOM:530255 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kay Power & Paper Business Description

Address Gat Number 454/457, Village Borgaon, Satara, MH, IND, 415519
Kay Power & Paper Ltd is engaged in the manufacturing of kraft paper. The sale of kraft paper generates maximum revenue for the company.
64GF Score

Get the complete analysis for BOM:530255

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

₹8.81
Price
₹5.60
GF Value