Shri Venkatesh Refineries (BOM:543373) Piotroski F-Score: 5 (As of Jul. 06, 2026) — Near Median


BOM:543373 Shri Venkatesh Refineries Ltd BOM:543373
77 GF Score
Price ₹324.00
GF Value ₹186.61
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Shri Venkatesh Refineries Piotroski F-Score?

Shri Venkatesh Refineries BOM:543373 +2.92% 77 Piotroski F-Score is 5 as of Jul. 06, 2026, which is at its 10-year median of 5.00. GuruFocus rates BOM:543373 with a GF Score™ of 77/100 and a GF Value™ of ₹186.61 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Shri Venkatesh Refineries ranks better than 52.04% 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

Shri Venkatesh Refineries 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 Shri Venkatesh Refineries's Piotroski F-Score or its related term are showing as below:

BOM:543373' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 5
Current: 5

During the past 8 years, the highest Piotroski F-Score of Shri Venkatesh Refineries was 5. The lowest was 3. And the median was 5.

Shri Venkatesh Refineries  (BOM:543373) 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.


Shri Venkatesh Refineries Piotroski F-Score Related Terms


Shri Venkatesh Refineries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shri Venkatesh Refineries'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.

Shri Venkatesh Refineries Piotroski F-Score Chart

Shri Venkatesh Refineries Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 5.00 5.00 4.00 3.00 5.00

Shri Venkatesh Refineries Semi-Annual Data
Mar19 Mar20 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 4.00 3.00 3.00 2.00 5.00

BOM:543373 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Shri Venkatesh Refineries'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.


Shri Venkatesh Refineries Piotroski F-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Shri Venkatesh Refineries's Piotroski F-Score falls into.


BOM:543373
77GF Score
Shri Venkatesh Refineries Ltd BOM:543373
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 ₹382 Mil.
Cash Flow from Operations was ₹-698 Mil.
Revenue was ₹13,776 Mil.
Gross Profit was ₹832 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (3338.241 + 5867.978) / 2 = ₹4603.1095 Mil.
Total Assets at the begining of this year (Mar25) was ₹3,338 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,020 Mil.
Total Current Assets was ₹4,767 Mil.
Total Current Liabilities was ₹3,511 Mil.
Net Income was ₹181 Mil.

Revenue was ₹7,016 Mil.
Gross Profit was ₹426 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2369.824 + 3338.241) / 2 = ₹2854.0325 Mil.
Total Assets at the begining of last year (Mar24) was ₹2,370 Mil.
Long-Term Debt & Capital Lease Obligation was ₹747 Mil.
Total Current Assets was ₹2,596 Mil.
Total Current Liabilities was ₹1,617 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.

Shri Venkatesh Refineries's current Net Income (TTM) was 382. ==> 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.

Shri Venkatesh Refineries's current Cash Flow from Operations (TTM) was -698. ==> 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)
=382.025/3338.241
=0.11443901

ROA (Last Year)=Net Income/Total Assets (Mar24)
=180.787/2369.824
=0.0762871

Shri Venkatesh Refineries's return on assets of this year was 0.11443901. Shri Venkatesh Refineries's return on assets of last year was 0.0762871. ==> 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.

Shri Venkatesh Refineries's current Net Income (TTM) was 382. Shri Venkatesh Refineries's current Cash Flow from Operations (TTM) was -698. ==> -698 <= 382 ==> 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
=1020.191/4603.1095
=0.22163083

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=747.011/2854.0325
=0.26173879

Shri Venkatesh Refineries's gearing of this year was 0.22163083. Shri Venkatesh Refineries's gearing of last year was 0.26173879. ==> 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
=4766.915/3511.429
=1.35754276

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2595.52/1617.115
=1.60503118

Shri Venkatesh Refineries's current ratio of this year was 1.35754276. Shri Venkatesh Refineries's current ratio of last year was 1.60503118. ==> 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.

Shri Venkatesh Refineries's number of shares in issue this year was 22.121. Shri Venkatesh Refineries's number of shares in issue last year was 22.128. ==> 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
=832.159/13775.738
=0.06040758

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=425.957/7016.421
=0.06070859

Shri Venkatesh Refineries's gross margin of this year was 0.06040758. Shri Venkatesh Refineries's gross margin of last year was 0.06070859. ==> 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)
=13775.738/3338.241
=4.12664574

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7016.421/2369.824
=2.96073506

Shri Venkatesh Refineries's asset turnover of this year was 4.12664574. Shri Venkatesh Refineries's asset turnover of last year was 2.96073506. ==> 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+1+0+1+0+1
=5

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

Shri Venkatesh Refineries 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?
Shri Venkatesh Refineries (BOM:543373) has a Piotroski F-Score of 5 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shri Venkatesh Refineries and its competitors. This is near median its historical median of 5.00. Over the past decade, Shri Venkatesh Refineries' Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, Shri Venkatesh Refineries ranks #917 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 48%.
Is Shri Venkatesh Refineries' Piotroski F-Score too high?
Shri Venkatesh Refineries' 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 5.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Shri Venkatesh Refineries' value of 5 is 0% at this industry median. Based on the distribution chart, Shri Venkatesh Refineries ranks #917 out of 1912 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Shri Venkatesh Refineries has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shri Venkatesh Refineries' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Shri Venkatesh Refineries ranks #917 out of 1912 companies for Piotroski F-Score. This puts Shri Venkatesh Refineries in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Shri Venkatesh Refineries' value of 5 is 0% at this benchmark. Historically, Shri Venkatesh Refineries' own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Shri Venkatesh Refineries 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 1,912 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. Shri Venkatesh Refineries'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 Shri Venkatesh Refineries 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. Shri Venkatesh Refineries'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 Shri Venkatesh Refineries stock overvalued right now?
Based on GuruFocus' analysis, Shri Venkatesh Refineries (BOM:543373) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹186.61, compared to a current price of ₹324.00 — trading 73.6% above its estimated fair value. 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. Shri Venkatesh Refineries' overall GF Score™ is 77/100 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 Shri Venkatesh Refineries (BOM:543373), the current Piotroski F-Score is 5 as of Jul. 06, 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 Shri Venkatesh Refineries (BOM:543373) Overvalued in 2026?

Based on GuruFocus' analysis, Shri Venkatesh Refineries stock appears to be overvalued. The current stock price of ₹324.00 is trading 73.6% above its estimated GF Value™ of ₹186.61. GuruFocus considers Shri Venkatesh Refineries to be Significantly Overvalued.

Key valuation signals for BOM:543373:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ₹186.61 vs. price of ₹324.00 (73.6% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#917 of 1912)

No single metric tells the full story. See the BOM:543373 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shri Venkatesh Refineries Business Description

Address Lal Bahadur Shastri Road, Runwal R Square Office no. 1109, Floor 11, Vardhaman Nagar, Mulund West, Mumbai, MH, IND, 400080
Shri Venkatesh Refineries Ltd is engaged in the processing, refining, and preservation of edible oils, including soybean oil, cottonseed oil, palm oil, and sunflower oil. It markets its products under brands such as Rich Soya, Rich Sun, and Silver Gold, with a distribution network across Maharashtra. The company generates revenue through the manufacturing and trading of refined and raw edible oils. Its operations include the procurement of raw materials directly from farmers and bulk dealers, supported by modern machinery and quality control to ensure product standards. The company's only identifiable reportable business segment is Manufacturing and Trading of Refined Oil and Raw Oil.
77GF Score

Get the complete analysis for BOM:543373

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

₹324.00
Price
₹186.61
GF Value