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HMA Agro IndustriesBOM:543929 +0.96%75 Piotroski F-Score is 4 as of Aug. 06, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates BOM:543929 with a GF Score™ of 75/100 and a GF Value™ of ₹61.46 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, HMA Agro Industries ranks worse than 67.52% 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
HMA Agro Industries 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 HMA Agro Industries's Piotroski F-Score or its related term are showing as below:
BOM:543929'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 4
During the past 8 years, the highest Piotroski F-Score of HMA Agro Industries was 7. The lowest was 4. And the median was 6.
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.
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.
HMA Agro Industries Piotroski F-Score Related Terms
HMA Agro Industries Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for HMA Agro Industries'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.
BOM:543929 vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, HMA Agro Industries'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.
HMA Agro Industries Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, HMA Agro Industries's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where HMA Agro Industries's Piotroski F-Score falls into.
* 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.
*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.
HMA Agro Industries's current Net Income (TTM) was 1,648.
==> 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.
HMA Agro Industries's return on assets of this year was 0.09637735. HMA Agro Industries's return on assets of last year was 0.06028654.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
HMA Agro Industries's gearing of this year was 0.001585. HMA Agro Industries's gearing of last year was 0.01721193.
==> 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
HMA Agro Industries's current ratio of this year was 1.26218837. HMA Agro Industries's current ratio of last year was 1.29118187.
==> 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.
HMA Agro Industries's number of shares in issue this year was 500.787. HMA Agro Industries's number of shares in issue last year was 495.886.
==> 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.
HMA Agro Industries's gross margin of this year was 0.12585132. HMA Agro Industries's gross margin of last year was 0.14344215.
==> 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
HMA Agro Industries's asset turnover of this year was 4.0458696. HMA Agro Industries's asset turnover of last year was 3.56593484.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
HMA Agro Industries has an F-score of 4 indicating the company's financial situation is typical for a stable company.
HMA Agro Industries (BOM:543929) has a Piotroski F-Score of 4 as of Aug. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on HMA Agro Industries and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, HMA Agro Industries' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, HMA Agro Industries ranks #1289 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 67.5%.
Is HMA Agro Industries' Piotroski F-Score too high?
HMA Agro Industries' current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. 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. HMA Agro Industries' value of 4 is 20% below this industry median. Based on the distribution chart, HMA Agro Industries ranks #1289 out of 1909 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, HMA Agro Industries has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HMA Agro Industries' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, HMA Agro Industries ranks #1289 out of 1909 companies for Piotroski F-Score. This places HMA Agro Industries in the lower half of its industry. The industry median Piotroski F-Score is 5.00. HMA Agro Industries' value of 4 is 20% below this benchmark. Historically, HMA Agro Industries' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, HMA Agro Industries 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. HMA Agro Industries'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 HMA Agro Industries 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. HMA Agro Industries's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HMA Agro Industries stock overvalued right now?
Based on GuruFocus' analysis, HMA Agro Industries (BOM:543929) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹61.46, compared to a current price of ₹20.99 — trading 65.8% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Consumer Packaged Goods industry median of 5.00. HMA Agro Industries' overall GF Score™ is 75/100 with 4 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 HMA Agro Industries (BOM:543929), the current Piotroski F-Score is 4 as of Aug. 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 HMA Agro Industries (BOM:543929) Overvalued in 2026?
Based on GuruFocus' analysis, HMA Agro Industries stock appears to be undervalued.
The current stock price of ₹20.99 is trading 65.8% below its estimated GF Value™ of ₹61.46.
GuruFocus considers HMA Agro Industries to be Significantly Undervalued.
Key valuation signals for BOM:543929:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: ₹61.46 vs. price of ₹20.99 (65.8% below fair value)
Industry Position: 20% below the Consumer Packaged Goods median (#1289 of 1909)
No single metric tells the full story. See the BOM:543929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HMA Agro Industries Ltd is engaged in the business of manufacturing and exporting Buffalo Frozen Meat and Meat Products. Its core products are frozen fresh deglanded Buffalo Meat. The Company operates in the State of Uttar Pradesh, Punjab, Haryana, Rajasthan, Bihar and Maharashtra.
75GF Score
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