Mukta Agriculture (BOM:535204) Piotroski F-Score: 4 (As of Jul. 31, 2026) — Near Median

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BOM:535204 Mukta Agriculture Ltd BOM:535204
28 GF Score
Price ₹2.99
! 1 Warning Sign
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What is Mukta Agriculture Piotroski F-Score?

Mukta Agriculture BOM:535204 +4.91% 28 Piotroski F-Score is 4 as of Jul. 31, 2026, which is at its 10-year median of 4.00. GuruFocus rates BOM:535204 with a GF Score™ of 28/100. The stock has 1 warning sign investors should review. Among 1,911 Consumer Packaged Goods companies, Mukta Agriculture ranks worse than 67.4% 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

Mukta Agriculture has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

BOM:535204' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 6
Current: 4

During the past 13 years, the highest Piotroski F-Score of Mukta Agriculture was 6. The lowest was 3. And the median was 4.

Mukta Agriculture  (BOM:535204) 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.


Mukta Agriculture Piotroski F-Score Related Terms


Mukta Agriculture Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mukta Agriculture'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.

Mukta Agriculture Piotroski F-Score Chart

Mukta Agriculture 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 4.00 4.00 3.00 5.00 4.00

Mukta Agriculture Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 4.00 0.00

BOM:535204 vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Mukta Agriculture'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.


Mukta Agriculture Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


BOM:535204
28GF Score
Mukta Agriculture Ltd BOM:535204
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 ₹2.66 Mil.
Cash Flow from Operations was ₹-96.17 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 (222.733 + 224.348) / 2 = ₹223.5405 Mil.
Total Assets at the begining of this year (Mar25) was ₹222.73 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Total Current Assets was ₹96.56 Mil.
Total Current Liabilities was ₹0.22 Mil.
Net Income was ₹-1.58 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 (234.174 + 222.733) / 2 = ₹228.4535 Mil.
Total Assets at the begining of last year (Mar24) was ₹234.17 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Total Current Assets was ₹3.22 Mil.
Total Current Liabilities was ₹0.23 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.

Mukta Agriculture's current Net Income (TTM) was 2.66. ==> 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.

Mukta Agriculture's current Cash Flow from Operations (TTM) was -96.17. ==> Negative ==> Score 0.

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)
=2.655/222.733
=0.0119201

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1.575/234.174
=-0.00672577

Mukta Agriculture's return on assets of this year was 0.0119201. Mukta Agriculture's return on assets of last year was -0.00672577. ==> 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.

Mukta Agriculture's current Net Income (TTM) was 2.66. Mukta Agriculture's current Cash Flow from Operations (TTM) was -96.17. ==> -96.17 <= 2.66 ==> CFROA <= ROA ==> Score 0.

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
=0/223.5405
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/228.4535
=0

Mukta Agriculture's gearing of this year was 0. Mukta Agriculture'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
=96.563/0.224
=431.08482143

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3.215/0.233
=13.79828326

Mukta Agriculture's current ratio of this year was 431.08482143. Mukta Agriculture's current ratio of last year was 13.79828326. ==> 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.

Mukta Agriculture's number of shares in issue this year was 21.763. Mukta Agriculture's number of shares in issue last year was 21.571. ==> 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
=0/0
=

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

Mukta Agriculture's gross margin of this year was . Mukta Agriculture'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)
=0/222.733
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/234.174
=0

Mukta Agriculture's asset turnover of this year was 0. Mukta Agriculture'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+0+1+0+1+1+0+0+0
=4

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

Mukta Agriculture has an F-score of 4 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 4 mean?
Mukta Agriculture (BOM:535204) has a Piotroski F-Score of 4 as of Jul. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mukta Agriculture and its competitors. This is near median its historical median of 4.00. Over the past decade, Mukta Agriculture's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Mukta Agriculture ranks #1288 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 67.4%.
Is Mukta Agriculture's Piotroski F-Score too high?
Mukta Agriculture's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Mukta Agriculture's value of 4 is 20% below this industry median. Based on the distribution chart, Mukta Agriculture ranks #1288 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Mukta Agriculture has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Mukta Agriculture's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Mukta Agriculture ranks #1288 out of 1911 companies for Piotroski F-Score. This places Mukta Agriculture in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Mukta Agriculture's value of 4 is 20% below this benchmark. Historically, Mukta Agriculture's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Mukta Agriculture 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Mukta Agriculture's current Piotroski F-Score of 4 is 20% 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 Mukta Agriculture 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. Mukta Agriculture's current Piotroski F-Score is 4, which is near 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 Mukta Agriculture stock overvalued right now?
Mukta Agriculture (BOM:535204) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Mukta Agriculture's overall GF Score™ is 28/100 with 1 warning sign 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 Mukta Agriculture (BOM:535204), the current Piotroski F-Score is 4 as of Jul. 31, 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.

Mukta Agriculture Business Description

Address Dawood Baug Lane, Off J. P. Road, 401/A, Pearl Arcade, Opposite P. K. Jewellers, Andheri (West), Mumbai, MH, IND, 400058
Mukta Agriculture Ltd is in the business of trading in agricultural goods, natural resources, and allied products.
28GF Score

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

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