Jhandewalas Foods (BOM:540850) Piotroski F-Score: 5 (As of Aug. 19, 2026) — Near Median

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BOM:540850 Jhandewalas Foods Ltd BOM:540850
54 GF Score
Price ₹21.00
! 2 Warning Signs
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What is Jhandewalas Foods Piotroski F-Score?

Jhandewalas Foods BOM:540850 54 Piotroski F-Score is 5 as of Aug. 19, 2026, which is at its 10-year median of 5.00. GuruFocus rates BOM:540850 with a GF Score™ of 54/100. The stock has 2 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Jhandewalas Foods ranks better than 51.28% 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

Jhandewalas Foods 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 Jhandewalas Foods's Piotroski F-Score or its related term are showing as below:

BOM:540850' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Jhandewalas Foods was 7. The lowest was 3. And the median was 5.

Jhandewalas Foods  (BOM:540850) 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.


Jhandewalas Foods Piotroski F-Score Related Terms


Jhandewalas Foods Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Jhandewalas Foods'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.

Jhandewalas Foods Piotroski F-Score Chart

Jhandewalas Foods 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 7.00 4.00 7.00 5.00 5.00

Jhandewalas Foods Semi-Annual Data
Mar16 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 7.00 0.00 5.00 0.00 5.00

BOM:540850 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Jhandewalas Foods'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.


Jhandewalas Foods Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


BOM:540850
54GF Score
Jhandewalas Foods Ltd BOM:540850
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 ₹60 Mil.
Cash Flow from Operations was ₹95 Mil.
Revenue was ₹1,752 Mil.
Gross Profit was ₹144 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (614.59 + 662.574) / 2 = ₹638.582 Mil.
Total Assets at the begining of this year (Mar25) was ₹615 Mil.
Long-Term Debt & Capital Lease Obligation was ₹21 Mil.
Total Current Assets was ₹533 Mil.
Total Current Liabilities was ₹200 Mil.
Net Income was ₹60 Mil.

Revenue was ₹852 Mil.
Gross Profit was ₹124 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (218.366 + 614.59) / 2 = ₹416.478 Mil.
Total Assets at the begining of last year (Mar24) was ₹218 Mil.
Long-Term Debt & Capital Lease Obligation was ₹23 Mil.
Total Current Assets was ₹301 Mil.
Total Current Liabilities was ₹317 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.

Jhandewalas Foods's current Net Income (TTM) was 60. ==> 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.

Jhandewalas Foods's current Cash Flow from Operations (TTM) was 95. ==> 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)
=60.395/614.59
=0.09826876

ROA (Last Year)=Net Income/Total Assets (Mar24)
=60.112/218.366
=0.27528095

Jhandewalas Foods's return on assets of this year was 0.09826876. Jhandewalas Foods's return on assets of last year was 0.27528095. ==> 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.

Jhandewalas Foods's current Net Income (TTM) was 60. Jhandewalas Foods's current Cash Flow from Operations (TTM) was 95. ==> 95 > 60 ==> 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
=21.126/638.582
=0.03308267

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=23.405/416.478
=0.05619745

Jhandewalas Foods's gearing of this year was 0.03308267. Jhandewalas Foods's gearing of last year was 0.05619745. ==> 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
=533.419/200.013
=2.66692165

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=300.569/317.017
=0.94811635

Jhandewalas Foods's current ratio of this year was 2.66692165. Jhandewalas Foods's current ratio of last year was 0.94811635. ==> 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.

Jhandewalas Foods's number of shares in issue this year was 15.255. Jhandewalas Foods's number of shares in issue last year was 13.631. ==> 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
=143.515/1751.966
=0.08191654

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=124.029/852.113
=0.14555464

Jhandewalas Foods's gross margin of this year was 0.08191654. Jhandewalas Foods's gross margin of last year was 0.14555464. ==> 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)
=1751.966/614.59
=2.85062562

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=852.113/218.366
=3.90222379

Jhandewalas Foods's asset turnover of this year was 2.85062562. Jhandewalas Foods's asset turnover of last year was 3.90222379. ==> 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+1+1+0+0+0
=5

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

Jhandewalas Foods 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?
Jhandewalas Foods (BOM:540850) has a Piotroski F-Score of 5 as of Aug. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Jhandewalas Foods and its competitors. This is near median its historical median of 5.00. Over the past decade, Jhandewalas Foods' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Jhandewalas Foods ranks #931 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 48.7%.
Is Jhandewalas Foods' Piotroski F-Score too high?
Jhandewalas Foods' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Jhandewalas Foods' value of 5 is 0% at this industry median. Based on the distribution chart, Jhandewalas Foods ranks #931 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Jhandewalas Foods has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Jhandewalas Foods' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Jhandewalas Foods ranks #931 out of 1911 companies for Piotroski F-Score. This puts Jhandewalas Foods in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Jhandewalas Foods' value of 5 is 0% at this benchmark. Historically, Jhandewalas Foods' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Jhandewalas Foods 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 1,911 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. Jhandewalas Foods'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 Jhandewalas Foods 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. Jhandewalas Foods's current Piotroski F-Score is 5, which is near 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 Jhandewalas Foods stock overvalued right now?
Jhandewalas Foods (BOM:540850) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Jhandewalas Foods' overall GF Score™ is 54/100 with 2 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 Jhandewalas Foods (BOM:540850), the current Piotroski F-Score is 5 as of Aug. 19, 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.

Jhandewalas Foods Business Description

Address Janta Store, Bapu Nagar, B-70, First Floor, Upasana House, Jaipur, RJ, IND, 302015
Jhandewalas Foods Ltd is a dairy and food company. This is a packaged food company. The company products include Desi Ghee, Godhenu Cow Ghee, Naman's Gold Ghee, Poha, Mangodi, Daliya, Raita Boondi, and Papad. The company is engaged in one business segment which is the manufacturing of food products.
54GF Score

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₹21.00
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