Ruchira Papers (BOM:532785) Piotroski F-Score: 3 (As of Jul. 13, 2026) — 50% Below Median

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BOM:532785 Ruchira Papers Ltd BOM:532785
71 GF Score
Price ₹105.30
GF Value ₹119.25
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Ruchira Papers Piotroski F-Score?

Ruchira Papers BOM:532785 +0.19% 71 Piotroski F-Score is 3 as of Jul. 13, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates BOM:532785 with a GF Score™ of 71/100 and a GF Value™ of ₹119.25 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 282 Forest Products companies, Ruchira Papers ranks worse than 79.43% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Ruchira Papers has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

BOM:532785' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 3

During the past 13 years, the highest Piotroski F-Score of Ruchira Papers was 9. The lowest was 3. And the median was 6.

Ruchira Papers  (BOM:532785) 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.


Ruchira Papers Piotroski F-Score Related Terms


Ruchira Papers Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ruchira Papers'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.

Ruchira Papers Piotroski F-Score Chart

Ruchira Papers 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 9.00 7.00 5.00 6.00 3.00

Ruchira Papers 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 6.00 0.00 0.00 0.00 3.00

Ruchira Papers Piotroski F-Score Competitor Comparison

For the Paper & Paper Products subindustry, Ruchira Papers'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.


Ruchira Papers Piotroski F-Score vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Ruchira Papers's Piotroski F-Score distribution charts can be found below:

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


BOM:532785
71GF Score
Ruchira Papers Ltd BOM:532785
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 ₹441 Mil.
Cash Flow from Operations was ₹649 Mil.
Revenue was ₹6,488 Mil.
Gross Profit was ₹1,577 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (6131.993 + 7637.414) / 2 = ₹6884.7035 Mil.
Total Assets at the begining of this year (Mar25) was ₹6,132 Mil.
Long-Term Debt & Capital Lease Obligation was ₹927 Mil.
Total Current Assets was ₹2,068 Mil.
Total Current Liabilities was ₹1,234 Mil.
Net Income was ₹673 Mil.

Revenue was ₹6,592 Mil.
Gross Profit was ₹1,803 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (5228.575 + 6131.993) / 2 = ₹5680.284 Mil.
Total Assets at the begining of last year (Mar24) was ₹5,229 Mil.
Long-Term Debt & Capital Lease Obligation was ₹273 Mil.
Total Current Assets was ₹1,869 Mil.
Total Current Liabilities was ₹770 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.

Ruchira Papers's current Net Income (TTM) was 441. ==> 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.

Ruchira Papers's current Cash Flow from Operations (TTM) was 649. ==> 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)
=441.43/6131.993
=0.07198801

ROA (Last Year)=Net Income/Total Assets (Mar24)
=673.268/5228.575
=0.12876702

Ruchira Papers's return on assets of this year was 0.07198801. Ruchira Papers's return on assets of last year was 0.12876702. ==> 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.

Ruchira Papers's current Net Income (TTM) was 441. Ruchira Papers's current Cash Flow from Operations (TTM) was 649. ==> 649 > 441 ==> 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
=927.045/6884.7035
=0.13465286

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=272.583/5680.284
=0.04798757

Ruchira Papers's gearing of this year was 0.13465286. Ruchira Papers's gearing of last year was 0.04798757. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=2067.909/1233.5
=1.67645642

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1869.206/769.629
=2.42871046

Ruchira Papers's current ratio of this year was 1.67645642. Ruchira Papers's current ratio of last year was 2.42871046. ==> 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.

Ruchira Papers's number of shares in issue this year was 29.847. Ruchira Papers's number of shares in issue last year was 29.843. ==> 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
=1576.981/6488.039
=0.24305973

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1802.547/6592.304
=0.27343202

Ruchira Papers's gross margin of this year was 0.24305973. Ruchira Papers's gross margin of last year was 0.27343202. ==> 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)
=6488.039/6131.993
=1.05806367

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6592.304/5228.575
=1.26082231

Ruchira Papers's asset turnover of this year was 1.05806367. Ruchira Papers's asset turnover of last year was 1.26082231. ==> 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+0+0+0+0+0
=3

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

Ruchira Papers has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Ruchira Papers (BOM:532785) has a Piotroski F-Score of 3 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ruchira Papers and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Ruchira Papers' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Ruchira Papers ranks #224 out of 282 companies in the Forest Products industry, placing it in the top 79.4%.
Is Ruchira Papers' Piotroski F-Score too high?
Ruchira Papers' current Piotroski F-Score of 3 is 50% below 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 Forest Products industry median Piotroski F-Score is 5.00. Ruchira Papers' value of 3 is 40% below this industry median. Based on the distribution chart, Ruchira Papers ranks #224 out of 282 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Ruchira Papers has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ruchira Papers' Piotroski F-Score compare to competitors?
According to the Forest Products industry distribution chart, Ruchira Papers ranks #224 out of 282 companies for Piotroski F-Score. This places Ruchira Papers in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Ruchira Papers' value of 3 is 40% below this benchmark. Historically, Ruchira Papers' 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, Ruchira Papers 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. Ruchira Papers's current Piotroski F-Score of 3 is 40% 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 Ruchira Papers 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. Ruchira Papers's current Piotroski F-Score is 3, which is 50% below 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 Ruchira Papers stock overvalued right now?
Based on GuruFocus' analysis, Ruchira Papers (BOM:532785) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹119.25, compared to a current price of ₹105.30 — trading 11.7% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Forest Products industry median of 5.00. Ruchira Papers' overall GF Score™ is 71/100 with 5 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 Ruchira Papers (BOM:532785), the current Piotroski F-Score is 3 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 Ruchira Papers (BOM:532785) Overvalued in 2026?

Based on GuruFocus' analysis, Ruchira Papers stock appears to be undervalued. The current stock price of ₹105.30 is trading 11.7% below its estimated GF Value™ of ₹119.25. GuruFocus considers Ruchira Papers to be Modestly Undervalued.

Key valuation signals for BOM:532785:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: ₹119.25 vs. price of ₹105.30 (11.7% below fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 40% below the Forest Products median (#224 of 282)

No single metric tells the full story. See the BOM:532785 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ruchira Papers Business Description

Other Exchanges RUCHIRA:India
Address 21-22, New Professors Colony, Yamuna Nagar, HR, IND, 135001
Ruchira Papers Ltd is engaged in the paper manufacturing business. The company is engaged in the manufacturing of kraft paper, writing, and printing paper. Its white writing and printing paper are used in the fabrication of notebooks and writing material, while kraft paper finds its application in the packaging industry, especially for making boxes/cartons and for other packaging requirements. The coloured paper is used in the fabrication of spiral notebooks, wedding cards, shade cards, children's colouring books, coloured copier paper and bill books. Geographically, it derives a majority of its revenue from India. The company operates in only one main segment, which is the manufacturing of paper.
71GF Score

Get the complete analysis for BOM:532785

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

₹105.30
Price
₹119.25
GF Value