Kizi Apparels (BOM:544221) Piotroski F-Score: 4 (As of Aug. 12, 2026) — Near Median

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BOM:544221 Kizi Apparels Ltd BOM:544221
13 GF Score
Price ₹18.00
! 5 Warning Signs
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What is Kizi Apparels Piotroski F-Score?

Kizi Apparels BOM:544221 13 Piotroski F-Score is 4 as of Aug. 12, 2026, which is at its 10-year median of 4.00. GuruFocus rates BOM:544221 with a GF Score™ of 13/100. The stock has 5 warning signs investors should review. Among 1,043 Manufacturing - Apparel & Accessories companies, Kizi Apparels ranks worse than 63.66% 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

Kizi Apparels 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 Kizi Apparels's Piotroski F-Score or its related term are showing as below:

BOM:544221' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 4

During the past 5 years, the highest Piotroski F-Score of Kizi Apparels was 7. The lowest was 3. And the median was 4.

Kizi Apparels  (BOM:544221) 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.


Kizi Apparels Piotroski F-Score Related Terms


Kizi Apparels Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kizi Apparels'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.

Kizi Apparels Piotroski F-Score Chart

Kizi Apparels Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 3.00 7.00 4.00

Kizi Apparels Semi-Annual Data
Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 3.00 0.00 7.00 0.00 4.00

BOM:544221 vs RL, LEVI, VFC: Piotroski F-Score Comparison

For the Apparel Manufacturing subindustry, Kizi Apparels'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.


Kizi Apparels Piotroski F-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kizi Apparels's Piotroski F-Score distribution charts can be found below:

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


BOM:544221
13GF Score
Kizi Apparels Ltd BOM:544221
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 ₹10.1 Mil.
Cash Flow from Operations was ₹-22.9 Mil.
Revenue was ₹426.4 Mil.
Gross Profit was ₹76.1 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (204.571 + 280.66) / 2 = ₹242.6155 Mil.
Total Assets at the begining of this year (Mar25) was ₹204.6 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3.6 Mil.
Total Current Assets was ₹267.0 Mil.
Total Current Liabilities was ₹130.7 Mil.
Net Income was ₹8.6 Mil.

Revenue was ₹264.3 Mil.
Gross Profit was ₹73.3 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (134.03 + 204.571) / 2 = ₹169.3005 Mil.
Total Assets at the begining of last year (Mar24) was ₹134.0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹5.7 Mil.
Total Current Assets was ₹191.9 Mil.
Total Current Liabilities was ₹62.6 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.

Kizi Apparels's current Net Income (TTM) was 10.1. ==> 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.

Kizi Apparels's current Cash Flow from Operations (TTM) was -22.9. ==> 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)
=10.06/204.571
=0.04917608

ROA (Last Year)=Net Income/Total Assets (Mar24)
=8.586/134.03
=0.06406029

Kizi Apparels's return on assets of this year was 0.04917608. Kizi Apparels's return on assets of last year was 0.06406029. ==> 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.

Kizi Apparels's current Net Income (TTM) was 10.1. Kizi Apparels's current Cash Flow from Operations (TTM) was -22.9. ==> -22.9 <= 10.1 ==> 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
=3.614/242.6155
=0.014896

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=5.678/169.3005
=0.033538

Kizi Apparels's gearing of this year was 0.014896. Kizi Apparels's gearing of last year was 0.033538. ==> 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
=267.041/130.693
=2.04326934

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=191.905/62.578
=3.06665282

Kizi Apparels's current ratio of this year was 2.04326934. Kizi Apparels's current ratio of last year was 3.06665282. ==> 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.

Kizi Apparels's number of shares in issue this year was 7.798. Kizi Apparels's number of shares in issue last year was 7.805. ==> 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
=76.092/426.355
=0.17847099

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=73.297/264.331
=0.27729249

Kizi Apparels's gross margin of this year was 0.17847099. Kizi Apparels's gross margin of last year was 0.27729249. ==> 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)
=426.355/204.571
=2.08414194

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=264.331/134.03
=1.97217787

Kizi Apparels's asset turnover of this year was 2.08414194. Kizi Apparels's asset turnover of last year was 1.97217787. ==> 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+0+0+1+0+1+0+1
=4

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

Kizi Apparels 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?
Kizi Apparels (BOM:544221) has a Piotroski F-Score of 4 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kizi Apparels and its competitors. This is near median its historical median of 4.00. Over the past decade, Kizi Apparels' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Kizi Apparels ranks #664 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 63.7%.
Is Kizi Apparels' Piotroski F-Score too high?
Kizi Apparels' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Manufacturing - Apparel & Accessories industry median Piotroski F-Score is 5.00. Kizi Apparels' value of 4 is 20% below this industry median. Based on the distribution chart, Kizi Apparels ranks #664 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Kizi Apparels has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Kizi Apparels' Piotroski F-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kizi Apparels ranks #664 out of 1043 companies for Piotroski F-Score. This places Kizi Apparels in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kizi Apparels' value of 4 is 20% below this benchmark. Historically, Kizi Apparels' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Kizi Apparels 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 Manufacturing - Apparel & Accessories company?
The median Piotroski F-Score among Manufacturing - Apparel & Accessories companies is 5.00, based on 1,043 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. Kizi Apparels'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 Kizi Apparels and its competitors. For the Manufacturing - Apparel & Accessories 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. Kizi Apparels's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kizi Apparels stock overvalued right now?
Kizi Apparels (BOM:544221) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Manufacturing - Apparel & Accessories industry median of 5.00. Kizi Apparels' overall GF Score™ is 13/100 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 Kizi Apparels (BOM:544221), the current Piotroski F-Score is 4 as of Aug. 12, 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.

Kizi Apparels Business Description

Address H-629, Phase - II, RIICO Industrial Area, Sitapura, Sanganer, Jaipur, RJ, IND, 302022
Kizi Apparels Ltd is engaged in the business of trading and manufacturing of women's garments. It sells its garments through its own Showrooms, distributors, malls, and online platforms.
13GF Score

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

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