Super Bakers (India) (BOM:530735) Piotroski F-Score: 7 (As of Jul. 13, 2026) — 17% Above Median

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BOM:530735 Super Bakers (India) Ltd BOM:530735
48 GF Score
Price ₹33.58
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What is Super Bakers (India) Piotroski F-Score?

Super Bakers (India) BOM:530735 -0.50% 48 Piotroski F-Score is 7 as of Jul. 13, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BOM:530735 with a GF Score™ of 48/100. Among 1,914 Consumer Packaged Goods companies, Super Bakers (India) ranks better than 88.35% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Super Bakers (India) has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Super Bakers (India)'s Piotroski F-Score or its related term are showing as below:

BOM:530735' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Super Bakers (India) was 7. The lowest was 3. And the median was 6.

Super Bakers (India)  (BOM:530735) 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.


Super Bakers (India) Piotroski F-Score Related Terms


Super Bakers (India) Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Super Bakers (India)'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.

Super Bakers (India) Piotroski F-Score Chart

Super Bakers (India) 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 7.00 6.00 7.00 5.00 7.00

Super Bakers (India) 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 7.00

BOM:530735 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Super Bakers (India)'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.


Super Bakers (India) Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Super Bakers (India)'s Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Super Bakers (India)'s Piotroski F-Score falls into.


BOM:530735
48GF Score
Super Bakers (India) Ltd BOM:530735
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 ₹4.73 Mil.
Cash Flow from Operations was ₹5.40 Mil.
Revenue was ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (54.134 + 59.067) / 2 = ₹56.6005 Mil.
Total Assets at the begining of this year (Mar25) was ₹54.13 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Total Current Assets was ₹52.11 Mil.
Total Current Liabilities was ₹3.20 Mil.
Net Income was ₹4.26 Mil.

Revenue was ₹0.00 Mil.
Gross Profit was ₹0.00 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (49.294 + 54.134) / 2 = ₹51.714 Mil.
Total Assets at the begining of last year (Mar24) was ₹49.29 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Total Current Assets was ₹46.52 Mil.
Total Current Liabilities was ₹3.00 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.

Super Bakers (India)'s current Net Income (TTM) was 4.73. ==> 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.

Super Bakers (India)'s current Cash Flow from Operations (TTM) was 5.40. ==> 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)
=4.73/54.134
=0.08737577

ROA (Last Year)=Net Income/Total Assets (Mar24)
=4.257/49.294
=0.08635939

Super Bakers (India)'s return on assets of this year was 0.08737577. Super Bakers (India)'s return on assets of last year was 0.08635939. ==> 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.

Super Bakers (India)'s current Net Income (TTM) was 4.73. Super Bakers (India)'s current Cash Flow from Operations (TTM) was 5.40. ==> 5.40 > 4.73 ==> 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
=0/56.6005
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/51.714
=0

Super Bakers (India)'s gearing of this year was 0. Super Bakers (India)'s gearing of last year was 0. ==> 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
=52.11/3.198
=16.2945591

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=46.522/2.995
=15.53322204

Super Bakers (India)'s current ratio of this year was 16.2945591. Super Bakers (India)'s current ratio of last year was 15.53322204. ==> 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.

Super Bakers (India)'s number of shares in issue this year was 3.013. Super Bakers (India)'s number of shares in issue last year was 3.019. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Super Bakers (India)'s gross margin of this year was . Super Bakers (India)'s gross margin of last year was . ==> Last year's gross margin is higher ==> Score 0.

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)
=0/54.134
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/49.294
=0

Super Bakers (India)'s asset turnover of this year was 0. Super Bakers (India)'s asset turnover of last year was 0. ==> 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+1+1+1+1+1+0+0
=7

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

Super Bakers (India) has an F-score of 7. 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 7 mean?
Super Bakers (India) (BOM:530735) has a Piotroski F-Score of 7 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Super Bakers (India) and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Super Bakers (India)'s Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Super Bakers (India) ranks #223 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 11.7%.
Is Super Bakers (India)'s Piotroski F-Score too high?
Super Bakers (India)'s current Piotroski F-Score of 7 is 17% 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 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Super Bakers (India)'s value of 7 is 40% above this industry median. Based on the distribution chart, Super Bakers (India) ranks #223 out of 1914 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Super Bakers (India) has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Super Bakers (India)'s Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Super Bakers (India) ranks #223 out of 1914 companies for Piotroski F-Score. This places Super Bakers (India) in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Super Bakers (India)'s value of 7 is 40% above this benchmark. Historically, Super Bakers (India)'s own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Super Bakers (India) 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,914 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. Super Bakers (India)'s current Piotroski F-Score of 7 is 40% 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 Super Bakers (India) and its competitors. For the Consumer Packaged Goods 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. Super Bakers (India)'s current Piotroski F-Score is 7, which is 17% 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 Super Bakers (India) stock overvalued right now?
Super Bakers (India) (BOM:530735) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Super Bakers (India)'s overall GF Score™ is 48/100. 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 Super Bakers (India) (BOM:530735), the current Piotroski F-Score is 7 as of Jul. 13, 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.

Super Bakers (India) Business Description

Address Anil Starch Mill Road, Naroda Road, Near Hirawadi Char Rasta, Ahmedabad, GJ, IND, 380 025
Super Bakers (India) Ltd is involved in the manufacturing bread with the brand name 'Super Bread' and is located in Ahmedabad, Gujarat. Its products comprise Bread, Buns and Pav, and Flatbreads. The company is a license holder of Modern Food Enterprises Pvt. Ltd. which is a franchise of 'Modern Bread' for manufacturing and marketing in Gujarat and some of the areas of Rajasthan.
48GF Score

Get the complete analysis for BOM:530735

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

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