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Bella Casa Fashion & Retail (BOM:539399) Piotroski F-Score : 4 (As of Mar. 25, 2025)


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What is Bella Casa Fashion & Retail Piotroski F-Score?

The zones of discrimination were as such:

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

Bella Casa Fashion & Retail 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 Bella Casa Fashion & Retail's Piotroski F-Score or its related term are showing as below:

BOM:539399' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 4

During the past 11 years, the highest Piotroski F-Score of Bella Casa Fashion & Retail was 7. The lowest was 2. And the median was 4.


Bella Casa Fashion & Retail Piotroski F-Score Historical Data

The historical data trend for Bella Casa Fashion & Retail'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.

* Premium members only.

Bella Casa Fashion & Retail Piotroski F-Score Chart

Bella Casa Fashion & Retail Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 2.00 7.00 4.00 5.00

Bella Casa Fashion & Retail Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 4.00 5.00 4.00 3.00 4.00

Competitive Comparison of Bella Casa Fashion & Retail's Piotroski F-Score

For the Textile Manufacturing subindustry, Bella Casa Fashion & Retail'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.


Bella Casa Fashion & Retail's Piotroski F-Score Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bella Casa Fashion & Retail's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bella Casa Fashion & Retail's Piotroski F-Score falls into.


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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 30.668 + 33.344 + 46.119 + 35.1 = ₹145 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0 Mil.
Revenue was 609.912 + 738.686 + 1068.068 + 807.972 = ₹3,225 Mil.
Gross Profit was 93.337 + 117.135 + 163.625 + 139.221 = ₹513 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(1609.853 + 0 + 1611.22 + 0 + 2249.795) / 5 = ₹1823.62266667 Mil.
Total Assets at the begining of this year (Dec23) was ₹1,610 Mil.
Long-Term Debt & Capital Lease Obligation was ₹123 Mil.
Total Current Assets was ₹1,897 Mil.
Total Current Liabilities was ₹1,201 Mil.
Net Income was 13.842 + 20.162 + 25.885 + 25.107 = ₹85 Mil.

Revenue was 404.405 + 468.84 + 641.81 + 579.608 = ₹2,095 Mil.
Gross Profit was 58.826 + 77.036 + 93.782 + 88.011 = ₹318 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1733.731 + 0 + 1438.377 + 0 + 1609.853) / 5 = ₹1593.987 Mil.
Total Assets at the begining of last year (Dec22) was ₹1,734 Mil.
Long-Term Debt & Capital Lease Obligation was ₹13 Mil.
Total Current Assets was ₹1,432 Mil.
Total Current Liabilities was ₹787 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.

Bella Casa Fashion & Retail's current Net Income (TTM) was 145. ==> 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.

Bella Casa Fashion & Retail's current Cash Flow from Operations (TTM) was 0. ==> 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 (Dec23)
=145.231/1609.853
=0.09021383

ROA (Last Year)=Net Income/Total Assets (Dec22)
=84.996/1733.731
=0.04902491

Bella Casa Fashion & Retail's return on assets of this year was 0.09021383. Bella Casa Fashion & Retail's return on assets of last year was 0.04902491. ==> 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.

Bella Casa Fashion & Retail's current Net Income (TTM) was 145. Bella Casa Fashion & Retail's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 145 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=122.881/1823.62266667
=0.06738291

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=12.814/1593.987
=0.00803896

Bella Casa Fashion & Retail's gearing of this year was 0.06738291. Bella Casa Fashion & Retail's gearing of last year was 0.00803896. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=1897.115/1200.54
=1.58021807

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=1431.554/786.553
=1.82003501

Bella Casa Fashion & Retail's current ratio of this year was 1.58021807. Bella Casa Fashion & Retail's current ratio of last year was 1.82003501. ==> 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.

Bella Casa Fashion & Retail's number of shares in issue this year was 13.195. Bella Casa Fashion & Retail's number of shares in issue last year was 11.464. ==> 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
=513.318/3224.638
=0.15918624

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=317.655/2094.663
=0.15164969

Bella Casa Fashion & Retail's gross margin of this year was 0.15918624. Bella Casa Fashion & Retail's gross margin of last year was 0.15164969. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=3224.638/1609.853
=2.00306363

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=2094.663/1733.731
=1.20818224

Bella Casa Fashion & Retail's asset turnover of this year was 2.00306363. Bella Casa Fashion & Retail's asset turnover of last year was 1.20818224. ==> 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
=1+0+1+0+0+0+0+1+1
=4

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

Bella Casa Fashion & Retail has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Bella Casa Fashion & Retail  (BOM:539399) 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.


Bella Casa Fashion & Retail Piotroski F-Score Related Terms

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Bella Casa Fashion & Retail Business Description

Traded in Other Exchanges
N/A
Address
Tonk Road, E-102, 103, EPIP, Sitapura Industrial Area, Jaipur, RJ, IND, 302022
Bella Casa Fashion & Retail Ltd is engaged in the manufacturing of garments and other textile items. The company manufactures bed sheets, quilts, home furnishing textile items, printed/dyed furnishing fabrics, and garments. The company sells its products through multiple channels including wholesale, retail and online.

Bella Casa Fashion & Retail Headlines

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