Future Consumer (BOM:533400) Piotroski F-Score: 5 (As of Jul. 05, 2026) — 25% Above Median


BOM:533400 Future Consumer Ltd BOM:533400
25 GF Score
Price ₹0.32
GF Value ₹0.67
Valuation Possible Value Trap
! 6 Warning Signs
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What is Future Consumer Piotroski F-Score?

Future Consumer BOM:533400 25 Piotroski F-Score is 5 as of Jul. 05, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates BOM:533400 with a GF Score™ of 25/100 and a GF Value™ of ₹0.67 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,913 Consumer Packaged Goods companies, Future Consumer ranks better than 52.01% 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

Future Consumer has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

BOM:533400' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 5

During the past 13 years, the highest Piotroski F-Score of Future Consumer was 6. The lowest was 2. And the median was 4.

Future Consumer  (BOM:533400) 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.


Future Consumer Piotroski F-Score Related Terms


Future Consumer Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Future Consumer'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.

Future Consumer Piotroski F-Score Chart

Future Consumer Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 4.00 4.00 6.00 5.00

Future Consumer Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.00 5.00 0.00 0.00 0.00

BOM:533400 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Future Consumer'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.


Future Consumer Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Future Consumer's Piotroski F-Score distribution charts can be found below:

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


BOM:533400
25GF Score
Future Consumer Ltd BOM:533400
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was ₹-455 Mil.
Cash Flow from Operations was ₹61 Mil.
Revenue was ₹4,408 Mil.
Gross Profit was ₹661 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (5077.529 + 5701.249) / 2 = ₹5389.389 Mil.
Total Assets at the begining of this year (Mar24) was ₹5,078 Mil.
Long-Term Debt & Capital Lease Obligation was ₹290 Mil.
Total Current Assets was ₹879 Mil.
Total Current Liabilities was ₹7,836 Mil.
Net Income was ₹-938 Mil.

Revenue was ₹3,698 Mil.
Gross Profit was ₹589 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (6110.974 + 5077.529) / 2 = ₹5594.2515 Mil.
Total Assets at the begining of last year (Mar23) was ₹6,111 Mil.
Long-Term Debt & Capital Lease Obligation was ₹6 Mil.
Total Current Assets was ₹4,002 Mil.
Total Current Liabilities was ₹8,126 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.

Future Consumer's current Net Income (TTM) was -455. ==> Negative ==> Score 0.

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.

Future Consumer's current Cash Flow from Operations (TTM) was 61. ==> 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 (Mar24)
=-454.782/5077.529
=-0.08956758

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-938.019/6110.974
=-0.15349746

Future Consumer's return on assets of this year was -0.08956758. Future Consumer's return on assets of last year was -0.15349746. ==> 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.

Future Consumer's current Net Income (TTM) was -455. Future Consumer's current Cash Flow from Operations (TTM) was 61. ==> 61 > -455 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=289.572/5389.389
=0.05373002

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=6.042/5594.2515
=0.00108004

Future Consumer's gearing of this year was 0.05373002. Future Consumer's gearing of last year was 0.00108004. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=878.707/7835.529
=0.11214393

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=4002.469/8126.401
=0.49252664

Future Consumer's current ratio of this year was 0.11214393. Future Consumer's current ratio of last year was 0.49252664. ==> 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.

Future Consumer's number of shares in issue this year was 1977.313. Future Consumer's number of shares in issue last year was 1995.785. ==> 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
=660.651/4407.653
=0.14988725

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=589.262/3698.048
=0.15934406

Future Consumer's gross margin of this year was 0.14988725. Future Consumer's gross margin of last year was 0.15934406. ==> 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 (Mar24)
=4407.653/5077.529
=0.86807047

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=3698.048/6110.974
=0.6051487

Future Consumer's asset turnover of this year was 0.86807047. Future Consumer's asset turnover of last year was 0.6051487. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+1+1+0+0+1+0+1
=5

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

Future Consumer has an F-score of 5 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 5 mean?
Future Consumer (BOM:533400) has a Piotroski F-Score of 5 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Future Consumer and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Future Consumer's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Future Consumer ranks #918 out of 1913 companies in the Consumer Packaged Goods industry, placing it in the top 48%.
Is Future Consumer's Piotroski F-Score too high?
Future Consumer's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Future Consumer's value of 5 is 0% at this industry median. Based on the distribution chart, Future Consumer ranks #918 out of 1913 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Future Consumer has a GF Score™ of 25/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Future Consumer's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Future Consumer ranks #918 out of 1913 companies for Piotroski F-Score. This puts Future Consumer in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Future Consumer's value of 5 is 0% at this benchmark. Historically, Future Consumer's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Future Consumer has consistently been at 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 1,913 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. Future Consumer's current Piotroski F-Score of 5 is 0% at 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 Future Consumer 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. Future Consumer's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Consumer stock overvalued right now?
Based on GuruFocus' analysis, Future Consumer (BOM:533400) is currently considered Possible Value Trap. The stock's GF Value™ is ₹0.67, compared to a current price of ₹0.32 — trading 52.2% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Future Consumer's overall GF Score™ is 25/100 with 6 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 Future Consumer (BOM:533400), the current Piotroski F-Score is 5 as of Jul. 05, 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 Future Consumer (BOM:533400) Overvalued in 2026?

Based on GuruFocus' analysis, Future Consumer stock appears to be undervalued. The current stock price of ₹0.32 is trading 52.2% below its estimated GF Value™ of ₹0.67. GuruFocus considers Future Consumer to be Possible Value Trap.

Key valuation signals for BOM:533400:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: ₹0.67 vs. price of ₹0.32 (52.2% below fair value)
  • GF Score™: 25/100 with 6 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#918 of 1913)

No single metric tells the full story. See the BOM:533400 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Future Consumer Business Description

Other Exchanges FCONSUMER:India
Address Off Jogeshwari - Vikhroli Link Road, Knowledge House, Shyam Nagar, Jogeshwari (East), Mumbai, MH, IND, 400 060
Future Consumer Ltd is a sourcing-to-supermarket food company that caters to the fast-moving consumer who shops at modern retail chains. The company is engaged in sourcing, manufacturing, branding, marketing and distribution of fast-moving consumer goods (FMCG), Food and Processed Food Products. The company's brands include Golden Harvest, Tasty Treat, Karmiq,Nilgiris, and Kara, Desi Atta Company, Mother Earth, Voom, Cleanmate, Caremate, and others. The company's operating segment is Branding, Manufacturing, Processing, Selling and Distribution of Consumer Products. The company derives all of its revenue from India itself.
25GF Score

Get the complete analysis for BOM:533400

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

₹0.32
Price
₹0.67
GF Value