Radix Industries (India) (BOM:531412) Piotroski F-Score: 7 (As of Jul. 07, 2026) — Near Median


BOM:531412 Radix Industries (India) Ltd BOM:531412
85 GF Score
Price ₹165.30
GF Value ₹205.40
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Radix Industries (India) Piotroski F-Score?

Radix Industries (India) BOM:531412 -4.73% 85 Piotroski F-Score is 7 as of Jul. 07, 2026, which is at its 10-year median of 7.00. GuruFocus rates BOM:531412 with a GF Score™ of 85/100 and a GF Value™ of ₹205.40 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Radix Industries (India) ranks better than 88.39% 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

Radix Industries (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 Radix Industries (India)'s Piotroski F-Score or its related term are showing as below:

BOM:531412' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Radix Industries (India) was 9. The lowest was 4. And the median was 7.

Radix Industries (India)  (BOM:531412) 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.


Radix Industries (India) Piotroski F-Score Related Terms


Radix Industries (India) Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Radix Industries (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.

Radix Industries (India) Piotroski F-Score Chart

Radix Industries (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 6.00 9.00 9.00 8.00 7.00

Radix Industries (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 8.00 0.00 0.00 0.00 7.00

BOM:531412 vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Radix Industries (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.


Radix Industries (India) Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


BOM:531412
85GF Score
Radix Industries (India) Ltd BOM:531412
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 ₹32.0 Mil.
Cash Flow from Operations was ₹65.7 Mil.
Revenue was ₹505.2 Mil.
Gross Profit was ₹54.3 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (211.941 + 235.883) / 2 = ₹223.912 Mil.
Total Assets at the begining of this year (Mar25) was ₹211.9 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1.9 Mil.
Total Current Assets was ₹207.8 Mil.
Total Current Liabilities was ₹1.0 Mil.
Net Income was ₹26.3 Mil.

Revenue was ₹482.5 Mil.
Gross Profit was ₹63.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (197.941 + 211.941) / 2 = ₹204.941 Mil.
Total Assets at the begining of last year (Mar24) was ₹197.9 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2.2 Mil.
Total Current Assets was ₹180.5 Mil.
Total Current Liabilities was ₹1.2 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.

Radix Industries (India)'s current Net Income (TTM) was 32.0. ==> 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.

Radix Industries (India)'s current Cash Flow from Operations (TTM) was 65.7. ==> 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)
=31.97/211.941
=0.15084387

ROA (Last Year)=Net Income/Total Assets (Mar24)
=26.273/197.941
=0.13273147

Radix Industries (India)'s return on assets of this year was 0.15084387. Radix Industries (India)'s return on assets of last year was 0.13273147. ==> 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.

Radix Industries (India)'s current Net Income (TTM) was 32.0. Radix Industries (India)'s current Cash Flow from Operations (TTM) was 65.7. ==> 65.7 > 32.0 ==> 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
=1.883/223.912
=0.00840955

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2.222/204.941
=0.01084214

Radix Industries (India)'s gearing of this year was 0.00840955. Radix Industries (India)'s gearing of last year was 0.01084214. ==> 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
=207.835/1.005
=206.80099502

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=180.515/1.164
=155.08161512

Radix Industries (India)'s current ratio of this year was 206.80099502. Radix Industries (India)'s current ratio of last year was 155.08161512. ==> 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.

Radix Industries (India)'s number of shares in issue this year was 15.009. Radix Industries (India)'s number of shares in issue last year was 15.013. ==> 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
=54.269/505.17
=0.1074272

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=63.24/482.526
=0.1310603

Radix Industries (India)'s gross margin of this year was 0.1074272. Radix Industries (India)'s gross margin of last year was 0.1310603. ==> 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)
=505.17/211.941
=2.3835407

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=482.526/197.941
=2.43772639

Radix Industries (India)'s asset turnover of this year was 2.3835407. Radix Industries (India)'s asset turnover of last year was 2.43772639. ==> 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

Radix Industries (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?
Radix Industries (India) (BOM:531412) has a Piotroski F-Score of 7 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Radix Industries (India) and its competitors. This is near median its historical median of 7.00. Over the past decade, Radix Industries (India)'s Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Radix Industries (India) ranks #222 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 11.6%.
Is Radix Industries (India)'s Piotroski F-Score too high?
Radix Industries (India)'s current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Radix Industries (India)'s value of 7 is 40% above this industry median. Based on the distribution chart, Radix Industries (India) ranks #222 out of 1912 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Radix Industries (India) has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Radix Industries (India)'s Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Radix Industries (India) ranks #222 out of 1912 companies for Piotroski F-Score. This places Radix Industries (India) in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Radix Industries (India)'s value of 7 is 40% above this benchmark. Historically, Radix Industries (India)'s own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Radix Industries (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 1,912 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. Radix Industries (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 Radix Industries (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. Radix Industries (India)'s current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Radix Industries (India) stock overvalued right now?
Based on GuruFocus' analysis, Radix Industries (India) (BOM:531412) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹205.40, compared to a current price of ₹165.30 — trading 19.5% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Radix Industries (India)'s overall GF Score™ is 85/100 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 Radix Industries (India) (BOM:531412), the current Piotroski F-Score is 7 as of Jul. 07, 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 Radix Industries (India) (BOM:531412) Overvalued in 2026?

Based on GuruFocus' analysis, Radix Industries (India) stock appears to be undervalued. The current stock price of ₹165.30 is trading 19.5% below its estimated GF Value™ of ₹205.40. GuruFocus considers Radix Industries (India) to be Modestly Undervalued.

Key valuation signals for BOM:531412:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: ₹205.40 vs. price of ₹165.30 (19.5% below fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#222 of 1912)

No single metric tells the full story. See the BOM:531412 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Radix Industries (India) Business Description

Address Door No. 4-243, Near NH-5 Road, Chivatam, West Godavari District, Tanuku, AP, IND, 534211
Radix Industries (India) Ltd is engaged in the business of manufacturing and selling human hair products. The company manages the entire production process from ethical sourcing to precision processing, customization, and packaging. Its products include various textures, colors, and styles catering to beauty and haircare markets of various countries. Radix has a prominent export presence, serving markets across North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The company generates revenue from the sale of human hair products, supplying to distributors, salons, and original equipment manufacturers in different markets.
85GF Score

Get the complete analysis for BOM:531412

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

₹165.30
Price
₹205.40
GF Value