KJMCorate Advisors (India)BOM:532304 -4.55%71 Piotroski F-Score is 8 as of Jul. 13, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates BOM:532304 with a GF Score™ of 71/100 and a GF Value™ of ₹93.28 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 785 Capital Markets companies, KJMCorate Advisors (India) ranks better than 98.34% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
KJMCorate Advisors (India) has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for KJMCorate Advisors (India)'s Piotroski F-Score or its related term are showing as below:
BOM:532304'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 8
During the past 13 years, the highest Piotroski F-Score of KJMCorate Advisors (India) was 9. The lowest was 3. And the median was 6.
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.
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.
KJMCorate Advisors (India) Piotroski F-Score Related Terms
KJMCorate Advisors (India) Piotroski F-Score Historical Data
* 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.
BOM:532304 vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, KJMCorate Advisors (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.
KJMCorate Advisors (India) Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, KJMCorate Advisors (India)'s Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where KJMCorate Advisors (India)'s Piotroski F-Score falls into.
* 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.
*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.
KJMCorate Advisors (India)'s current Net Income (TTM) was 19.6.
==> 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.
KJMCorate Advisors (India)'s current Cash Flow from Operations (TTM) was 31.8.
==> 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.
KJMCorate Advisors (India)'s return on assets of this year was 0.02455688. KJMCorate Advisors (India)'s return on assets of last year was 0.01610795.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
KJMCorate Advisors (India)'s gearing of this year was 0.07609971. KJMCorate Advisors (India)'s gearing of last year was 0.03622501.
==> Last year is lower than this year ==> Score 0.
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
KJMCorate Advisors (India)'s current ratio of this year was 14.19358559. KJMCorate Advisors (India)'s current ratio of last year was 10.30845146.
==> 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.
KJMCorate Advisors (India)'s number of shares in issue this year was 3.926. KJMCorate Advisors (India)'s number of shares in issue last year was 3.929.
==> 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.
KJMCorate Advisors (India)'s gross margin of this year was 0.6526057. KJMCorate Advisors (India)'s gross margin of last year was 0.6174136.
==> 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
KJMCorate Advisors (India)'s asset turnover of this year was 0.15447408. KJMCorate Advisors (India)'s asset turnover of last year was 0.131557.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
KJMCorate Advisors (India) has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
KJMCorate Advisors (India) (BOM:532304) has a Piotroski F-Score of 8 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on KJMCorate Advisors (India) and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, KJMCorate Advisors (India)'s Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, KJMCorate Advisors (India) ranks #13 out of 785 companies in the Capital Markets industry, placing it in the top 1.7%.
Is KJMCorate Advisors (India)'s Piotroski F-Score too high?
KJMCorate Advisors (India)'s current Piotroski F-Score of 8 is 33% 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 9.00. The Capital Markets industry median Piotroski F-Score is 5.00. KJMCorate Advisors (India)'s value of 8 is 60% above this industry median. Based on the distribution chart, KJMCorate Advisors (India) ranks #13 out of 785 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, KJMCorate Advisors (India) has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KJMCorate Advisors (India)'s Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, KJMCorate Advisors (India) ranks #13 out of 785 companies for Piotroski F-Score. This places KJMCorate Advisors (India) in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. KJMCorate Advisors (India)'s value of 8 is 60% above this benchmark. Historically, KJMCorate Advisors (India)'s own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, KJMCorate Advisors (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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 785 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. KJMCorate Advisors (India)'s current Piotroski F-Score of 8 is 60% 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 KJMCorate Advisors (India) and its competitors. For the Capital Markets 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. KJMCorate Advisors (India)'s current Piotroski F-Score is 8, which is 33% 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 KJMCorate Advisors (India) stock overvalued right now?
Based on GuruFocus' analysis, KJMCorate Advisors (India) (BOM:532304) is currently considered Possible Value Trap. The stock's GF Value™ is ₹93.28, compared to a current price of ₹52.50 — trading 43.7% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Capital Markets industry median of 5.00. KJMCorate Advisors (India)'s overall GF Score™ is 71/100 with 3 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 KJMCorate Advisors (India) (BOM:532304), the current Piotroski F-Score is 8 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.
Is KJMCorate Advisors (India) (BOM:532304) Overvalued in 2026?
Based on GuruFocus' analysis, KJMCorate Advisors (India) stock appears to be undervalued.
The current stock price of ₹52.50 is trading 43.7% below its estimated GF Value™ of ₹93.28.
GuruFocus considers KJMCorate Advisors (India) to be Possible Value Trap.
Key valuation signals for BOM:532304:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: ₹93.28 vs. price of ₹52.50 (43.7% below fair value)
Industry Position: 60% above the Capital Markets median (#13 of 785)
No single metric tells the full story. See the BOM:532304 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KJMC Corporate Advisors (India) Ltd provides merchant banking services. The company is in the business of providing Corporate Advisory, Financial Advisory, Equity Valuation, and Investment Banking services. It offers various services to the corporate sector, which include merchant banking, mergers and acquisition advisory services, syndication of funds, syndication of debt, and channel financing. The company operates with a single business segment of merchant banking operations in India. The company's revenue is generated from the Sale of Services, Brokerage and Depository Income, Sale of Shares/Mutual Funds, Fair Value Changes, and Interest Income; the majority being from the Income from Brokerage & Depository Income.
71GF Score
Get the complete analysis for BOM:532304
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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