Motisons Jewellers (BOM:544053) Piotroski F-Score: 6 (As of Jul. 19, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:544053 Motisons Jewellers Ltd BOM:544053
42 GF Score
Price ₹14.01
! 1 Warning Sign
View Full Analysis

What is Motisons Jewellers Piotroski F-Score?

Motisons Jewellers BOM:544053 -0.50% 42 Piotroski F-Score is 6 as of Jul. 19, 2026, which is at its 10-year median of 6.00. GuruFocus rates BOM:544053 with a GF Score™ of 42/100. The stock has 1 warning sign investors should review. Among 1,099 Retail - Cyclical companies, Motisons Jewellers ranks better than 72.61% 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

Motisons Jewellers has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Motisons Jewellers's Piotroski F-Score or its related term are showing as below:

BOM:544053' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 7 years, the highest Piotroski F-Score of Motisons Jewellers was 8. The lowest was 4. And the median was 6.

Motisons Jewellers  (BOM:544053) 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.


Motisons Jewellers Piotroski F-Score Related Terms


Motisons Jewellers Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Motisons Jewellers'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.

Motisons Jewellers Piotroski F-Score Chart

Motisons Jewellers Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 8.00 4.00 6.00

Motisons Jewellers Quarterly Data
Mar20 Mar21 Mar22 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 Premium Member Only 4.00 4.00 N/A N/A 6.00

BOM:544053 vs TPR: Piotroski F-Score Comparison

For the Luxury Goods subindustry, Motisons Jewellers'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.


Motisons Jewellers Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Motisons Jewellers's Piotroski F-Score distribution charts can be found below:

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


BOM:544053
42GF Score
Motisons Jewellers Ltd BOM:544053
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 80.304 + 214.343 + 259.411 + 83.019 = ₹637 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0 Mil.
Revenue was 870.465 + 904.69 + 1745.613 + 1374.677 = ₹4,895 Mil.
Gross Profit was 168.362 + 356.045 + 431.568 + 136.415 = ₹1,092 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5081.637 + 0 + 5475.02 + 0 + 5726.496) / 5 = ₹5427.71766667 Mil.
Total Assets at the begining of this year (Mar25) was ₹5,082 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2 Mil.
Total Current Assets was ₹5,644 Mil.
Total Current Liabilities was ₹651 Mil.
Net Income was 63.32 + 103.955 + 153.045 + 111.391 = ₹432 Mil.

Revenue was 887.12 + 1093.444 + 1453.043 + 1187.508 = ₹4,621 Mil.
Gross Profit was 147.884 + 231.317 + 286.158 + 232.771 = ₹898 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4749.981 + 0 + 4733.587 + 0 + 5081.637) / 5 = ₹4855.06833333 Mil.
Total Assets at the begining of last year (Mar24) was ₹4,750 Mil.
Long-Term Debt & Capital Lease Obligation was ₹5 Mil.
Total Current Assets was ₹5,001 Mil.
Total Current Liabilities was ₹867 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.

Motisons Jewellers's current Net Income (TTM) was 637. ==> 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.

Motisons Jewellers's current Cash Flow from Operations (TTM) was 0. ==> 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)
=637.077/5081.637
=0.12536846

ROA (Last Year)=Net Income/Total Assets (Mar24)
=431.711/4749.981
=0.09088689

Motisons Jewellers's return on assets of this year was 0.12536846. Motisons Jewellers's return on assets of last year was 0.09088689. ==> 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.

Motisons Jewellers's current Net Income (TTM) was 637. Motisons Jewellers's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 637 ==> 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
=2.16/5427.71766667
=0.00039796

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4.637/4855.06833333
=0.00095508

Motisons Jewellers's gearing of this year was 0.00039796. Motisons Jewellers's gearing of last year was 0.00095508. ==> 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
=5643.768/650.774
=8.67239318

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5000.877/866.751
=5.76968126

Motisons Jewellers's current ratio of this year was 8.67239318. Motisons Jewellers's current ratio of last year was 5.76968126. ==> 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.

Motisons Jewellers's number of shares in issue this year was 1037.738. Motisons Jewellers's number of shares in issue last year was 1113.91. ==> 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
=1092.39/4895.445
=0.22314417

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=898.13/4621.115
=0.19435353

Motisons Jewellers's gross margin of this year was 0.22314417. Motisons Jewellers's gross margin of last year was 0.19435353. ==> This year's gross margin is higher. ==> Score 1.

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)
=4895.445/5081.637
=0.96335984

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=4621.115/4749.981
=0.97287021

Motisons Jewellers's asset turnover of this year was 0.96335984. Motisons Jewellers's asset turnover of last year was 0.97287021. ==> 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+0+1+0+1+1+1+1+0
=6

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

Motisons Jewellers has an F-score of 6 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 6 mean?
Motisons Jewellers (BOM:544053) has a Piotroski F-Score of 6 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Motisons Jewellers and its competitors. This is near median its historical median of 6.00. Over the past decade, Motisons Jewellers' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Motisons Jewellers ranks #301 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 27.4%.
Is Motisons Jewellers' Piotroski F-Score too high?
Motisons Jewellers' current Piotroski F-Score of 6 is near 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 8.00. The Retail - Cyclical industry median Piotroski F-Score is 6.00. Motisons Jewellers' value of 6 is 0% at this industry median. Based on the distribution chart, Motisons Jewellers ranks #301 out of 1099 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Motisons Jewellers has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Motisons Jewellers' Piotroski F-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Motisons Jewellers ranks #301 out of 1099 companies for Piotroski F-Score. This puts Motisons Jewellers in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Motisons Jewellers' value of 6 is 0% at this benchmark. Historically, Motisons Jewellers' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Motisons Jewellers 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,099 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. Motisons Jewellers's current Piotroski F-Score of 6 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 Motisons Jewellers and its competitors. For the Retail - Cyclical industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Motisons Jewellers's current Piotroski F-Score is 6, which is near 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 Motisons Jewellers stock overvalued right now?
Motisons Jewellers (BOM:544053) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the Retail - Cyclical industry median of 6.00. Motisons Jewellers' overall GF Score™ is 42/100 with 1 warning sign 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 Motisons Jewellers (BOM:544053), the current Piotroski F-Score is 6 as of Jul. 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.

Motisons Jewellers Business Description

Other Exchanges MOTISONS:India
Address Tonk Road, SB-110, Motisons Tower, Lal Kothi, Jaipur, RJ, IND, 302015
Motisons Jewellers Ltd is an established Indian jewellery company. It is engaged in the manufacture, retail, and export of a wide range of jewellery products including gold, diamond, kundan, pearls, silver, platinum, and other metals. The product portfolio includes traditional, modern, and combination designs catering to various occasions such as weddings and everyday use, targeting all ages and genders. Motisons operates multiple showrooms in Jaipur, including a flagship store called Motisons Tower, known for its grand design and elaborate gemstone decorations.
42GF Score

Get the complete analysis for BOM:544053

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

₹14.01
Price