Khemani Distributors & Marketing (BOM:539788) Piotroski F-Score: 2 (As of Jul. 04, 2026) — 60% Below Median


BOM:539788 Khemani Distributors & Marketing Ltd BOM:539788
61 GF Score
Price ₹119.60
GF Value ₹81.64
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Khemani Distributors & Marketing Piotroski F-Score?

Khemani Distributors & Marketing BOM:539788 61 Piotroski F-Score is 2 as of Jul. 04, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates BOM:539788 with a GF Score™ of 61/100 and a GF Value™ of ₹81.64 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Khemani Distributors & Marketing ranks worse than 94.76% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Khemani Distributors & Marketing has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Khemani Distributors & Marketing's Piotroski F-Score or its related term are showing as below:

BOM:539788' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 2

During the past 12 years, the highest Piotroski F-Score of Khemani Distributors & Marketing was 7. The lowest was 2. And the median was 5.

Khemani Distributors & Marketing  (BOM:539788) 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.


Khemani Distributors & Marketing Piotroski F-Score Related Terms


Khemani Distributors & Marketing Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Khemani Distributors & Marketing'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.

Khemani Distributors & Marketing Piotroski F-Score Chart

Khemani Distributors & Marketing 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 6.00 4.00 6.00 5.00 2.00

Khemani Distributors & Marketing Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 5.00 0.00 2.00

BOM:539788 vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Khemani Distributors & Marketing'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.


Khemani Distributors & Marketing Piotroski F-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Khemani Distributors & Marketing's Piotroski F-Score falls into.


BOM:539788
61GF Score
Khemani Distributors & Marketing Ltd BOM:539788
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 ₹-129.6 Mil.
Cash Flow from Operations was ₹67.5 Mil.
Revenue was ₹677.0 Mil.
Gross Profit was ₹-228.1 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1010.798 + 1203.035) / 2 = ₹1106.9165 Mil.
Total Assets at the begining of this year (Mar25) was ₹1,010.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₹4.3 Mil.
Total Current Assets was ₹174.8 Mil.
Total Current Liabilities was ₹404.7 Mil.
Net Income was ₹137.0 Mil.

Revenue was ₹875.6 Mil.
Gross Profit was ₹184.3 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (866.005 + 1010.798) / 2 = ₹938.4015 Mil.
Total Assets at the begining of last year (Mar24) was ₹866.0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Total Current Assets was ₹170.2 Mil.
Total Current Liabilities was ₹87.8 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.

Khemani Distributors & Marketing's current Net Income (TTM) was -129.6. ==> 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.

Khemani Distributors & Marketing's current Cash Flow from Operations (TTM) was 67.5. ==> 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)
=-129.624/1010.798
=-0.12823927

ROA (Last Year)=Net Income/Total Assets (Mar24)
=136.965/866.005
=0.15815729

Khemani Distributors & Marketing's return on assets of this year was -0.12823927. Khemani Distributors & Marketing's return on assets of last year was 0.15815729. ==> 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.

Khemani Distributors & Marketing's current Net Income (TTM) was -129.6. Khemani Distributors & Marketing's current Cash Flow from Operations (TTM) was 67.5. ==> 67.5 > -129.6 ==> 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
=4.347/1106.9165
=0.00392713

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/938.4015
=0

Khemani Distributors & Marketing's gearing of this year was 0.00392713. Khemani Distributors & Marketing's gearing of last year was 0. ==> 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
=174.765/404.69
=0.43184907

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=170.216/87.786
=1.93898799

Khemani Distributors & Marketing's current ratio of this year was 0.43184907. Khemani Distributors & Marketing's current ratio of last year was 1.93898799. ==> 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.

Khemani Distributors & Marketing's number of shares in issue this year was 22.983. Khemani Distributors & Marketing's number of shares in issue last year was 22.981. ==> 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
=-228.105/676.978
=-0.33694596

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=184.275/875.624
=0.21044992

Khemani Distributors & Marketing's gross margin of this year was -0.33694596. Khemani Distributors & Marketing's gross margin of last year was 0.21044992. ==> 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)
=676.978/1010.798
=0.66974608

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=875.624/866.005
=1.01110733

Khemani Distributors & Marketing's asset turnover of this year was 0.66974608. Khemani Distributors & Marketing's asset turnover of last year was 1.01110733. ==> 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
=0+1+0+1+0+0+0+0+0
=2

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

Khemani Distributors & Marketing has an F-score of 2. 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 2 mean?
Khemani Distributors & Marketing (BOM:539788) has a Piotroski F-Score of 2 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Khemani Distributors & Marketing and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Khemani Distributors & Marketing's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Khemani Distributors & Marketing ranks #1809 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 94.8%.
Is Khemani Distributors & Marketing's Piotroski F-Score too high?
Khemani Distributors & Marketing's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Khemani Distributors & Marketing's value of 2 is 60% below this industry median. Based on the distribution chart, Khemani Distributors & Marketing ranks #1809 out of 1909 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Khemani Distributors & Marketing has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Khemani Distributors & Marketing's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Khemani Distributors & Marketing ranks #1809 out of 1909 companies for Piotroski F-Score. This places Khemani Distributors & Marketing in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Khemani Distributors & Marketing's value of 2 is 60% below this benchmark. Historically, Khemani Distributors & Marketing's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Khemani Distributors & Marketing 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 1,909 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. Khemani Distributors & Marketing's current Piotroski F-Score of 2 is 60% 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 Khemani Distributors & Marketing 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. Khemani Distributors & Marketing's current Piotroski F-Score is 2, which is 60% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khemani Distributors & Marketing stock overvalued right now?
Based on GuruFocus' analysis, Khemani Distributors & Marketing (BOM:539788) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹81.64, compared to a current price of ₹119.60 — trading 46.5% above its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Consumer Packaged Goods industry median of 5.00. Khemani Distributors & Marketing's overall GF Score™ is 61/100 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 Khemani Distributors & Marketing (BOM:539788), the current Piotroski F-Score is 2 as of Jul. 04, 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 Khemani Distributors & Marketing (BOM:539788) Overvalued in 2026?

Based on GuruFocus' analysis, Khemani Distributors & Marketing stock appears to be overvalued. The current stock price of ₹119.60 is trading 46.5% above its estimated GF Value™ of ₹81.64. GuruFocus considers Khemani Distributors & Marketing to be Significantly Overvalued.

Key valuation signals for BOM:539788:

  • Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
  • GF Value™: ₹81.64 vs. price of ₹119.60 (46.5% above fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 60% below the Consumer Packaged Goods median (#1809 of 1909)

No single metric tells the full story. See the BOM:539788 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Khemani Distributors & Marketing Business Description

Address Bhestan Road, Plot No. D/91-92, Laxminarayan Industrial Park, Near Baroda Rayon Corporation (BRC) Compound, Udhana, Bhestan, Surat, GJ, IND, 394210
Khemani Distributors & Marketing Ltd is a redistribution stockiest in India. It is engaged in the business of trading in FMCG products of Hindustan Unilever Limited (HUL). The company's product portfolio includes: personal care products; home care products; and food and drink products. It mainly caters to the retailers and wholesalers of Surat, wherein it supplies a range of HUL FMCG products. The company's operating segments are: FMCG, which derives maximum revenue, and Securities.
61GF Score

Get the complete analysis for BOM:539788

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

₹119.60
Price
₹81.64
GF Value