Aveer Foods (BOM:543737) Piotroski F-Score: 4 (As of Jun. 29, 2026) — 43% Below Median


BOM:543737 Aveer Foods Ltd BOM:543737
47 GF Score
Price ₹550.40
GF Value ₹745.22
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Aveer Foods Piotroski F-Score?

Aveer Foods BOM:543737 47 Piotroski F-Score is 4 as of Jun. 29, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates BOM:543737 with a GF Score™ of 47/100 and a GF Value™ of ₹745.22 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Aveer Foods ranks worse than 67.16% 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

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

BOM:543737' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 7
Current: 4

During the past 5 years, the highest Piotroski F-Score of Aveer Foods was 7. The lowest was 4. And the median was 7.

Aveer Foods  (BOM:543737) 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.


Aveer Foods Piotroski F-Score Related Terms


Aveer Foods Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aveer 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.

Aveer Foods Piotroski F-Score Chart

Aveer Foods Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 7.00 7.00 4.00

Aveer Foods Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 7.00 0.00 0.00 0.00 4.00

BOM:543737 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Aveer 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.


Aveer Foods Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


BOM:543737
47GF Score
Aveer Foods Ltd BOM:543737
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 ₹36 Mil.
Cash Flow from Operations was ₹26 Mil.
Revenue was ₹1,432 Mil.
Gross Profit was ₹559 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (448.848 + 692.973) / 2 = ₹570.9105 Mil.
Total Assets at the begining of this year (Mar25) was ₹449 Mil.
Long-Term Debt & Capital Lease Obligation was ₹15 Mil.
Total Current Assets was ₹392 Mil.
Total Current Liabilities was ₹151 Mil.
Net Income was ₹39 Mil.

Revenue was ₹1,085 Mil.
Gross Profit was ₹448 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (326.969 + 448.848) / 2 = ₹387.9085 Mil.
Total Assets at the begining of last year (Mar24) was ₹327 Mil.
Long-Term Debt & Capital Lease Obligation was ₹18 Mil.
Total Current Assets was ₹327 Mil.
Total Current Liabilities was ₹139 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.

Aveer Foods's current Net Income (TTM) was 36. ==> 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.

Aveer Foods's current Cash Flow from Operations (TTM) was 26. ==> 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)
=35.628/448.848
=0.07937654

ROA (Last Year)=Net Income/Total Assets (Mar24)
=39.391/326.969
=0.12047319

Aveer Foods's return on assets of this year was 0.07937654. Aveer Foods's return on assets of last year was 0.12047319. ==> 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.

Aveer Foods's current Net Income (TTM) was 36. Aveer Foods's current Cash Flow from Operations (TTM) was 26. ==> 26 <= 36 ==> 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
=14.815/570.9105
=0.02594978

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=17.747/387.9085
=0.04575048

Aveer Foods's gearing of this year was 0.02594978. Aveer Foods's gearing of last year was 0.04575048. ==> 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
=392.358/151.399
=2.59154948

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=326.694/138.649
=2.35626654

Aveer Foods's current ratio of this year was 2.59154948. Aveer Foods's current ratio of last year was 2.35626654. ==> 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.

Aveer Foods's number of shares in issue this year was 4.148. Aveer Foods's number of shares in issue last year was 4.028. ==> 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
=559.157/1432.46
=0.39034737

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=448.113/1085.189
=0.41293544

Aveer Foods's gross margin of this year was 0.39034737. Aveer Foods's gross margin of last year was 0.41293544. ==> 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)
=1432.46/448.848
=3.19141447

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1085.189/326.969
=3.31893543

Aveer Foods's asset turnover of this year was 3.19141447. Aveer Foods's asset turnover of last year was 3.31893543. ==> 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+0+1+1+0+0+0
=4

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

Aveer Foods 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?
Aveer Foods (BOM:543737) has a Piotroski F-Score of 4 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aveer Foods and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, Aveer Foods' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Aveer Foods ranks #1282 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 67.2%.
Is Aveer Foods' Piotroski F-Score too high?
Aveer Foods' current Piotroski F-Score of 4 is 43% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Aveer Foods' value of 4 is 20% below this industry median. Based on the distribution chart, Aveer Foods ranks #1282 out of 1909 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Aveer Foods has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aveer Foods' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Aveer Foods ranks #1282 out of 1909 companies for Piotroski F-Score. This places Aveer Foods in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Aveer Foods' value of 4 is 20% below this benchmark. Historically, Aveer Foods' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Aveer Foods 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. Aveer Foods'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 Aveer 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. Aveer Foods's current Piotroski F-Score is 4, which is 43% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aveer Foods stock overvalued right now?
Based on GuruFocus' analysis, Aveer Foods (BOM:543737) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹745.22, compared to a current price of ₹550.40 — trading 26.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 43% below median its 10-year median of 7.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Aveer Foods' overall GF Score™ is 47/100 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 Aveer Foods (BOM:543737), the current Piotroski F-Score is 4 as of Jun. 29, 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 Aveer Foods (BOM:543737) Overvalued in 2026?

Based on GuruFocus' analysis, Aveer Foods stock appears to be undervalued. The current stock price of ₹550.40 is trading 26.1% below its estimated GF Value™ of ₹745.22. GuruFocus considers Aveer Foods to be Modestly Undervalued.

Key valuation signals for BOM:543737:

  • Piotroski F-Score: 4 (43% below median its 10-year median of 7.00)
  • GF Value™: ₹745.22 vs. price of ₹550.40 (26.1% below fair value)
  • GF Score™: 47/100 with 2 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1282 of 1909)

No single metric tells the full story. See the BOM:543737 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aveer Foods Business Description

Address Hadapsar Industrial Estate, Plot No. 55/A/5 6, Near Tata Honeywell, Pune, MH, IND, 411013
Aveer Foods Ltd is engaged in the business of manufacturing and selling processed foods. The company offers various products, including pickles, ketchups, papad, chutneys, thecha, sauces, etc.
47GF Score

Get the complete analysis for BOM:543737

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

₹550.40
Price
₹745.22
GF Value