Mother Nutri Foods (BOM:544623) Piotroski F-Score: 5 (As of Jul. 30, 2026) — 17% Below Median

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BOM:544623 Mother Nutri Foods Ltd BOM:544623
16 GF Score
Price ₹161.50
! 3 Warning Signs
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What is Mother Nutri Foods Piotroski F-Score?

Mother Nutri Foods BOM:544623 16 Piotroski F-Score is 5 as of Jul. 30, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates BOM:544623 with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Mother Nutri Foods ranks better than 51.65% 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

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

BOM:544623' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 4 years, the highest Piotroski F-Score of Mother Nutri Foods was 7. The lowest was 5. And the median was 6.

Mother Nutri Foods  (BOM:544623) 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.


Mother Nutri Foods Piotroski F-Score Related Terms


Mother Nutri Foods Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mother Nutri 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.

Mother Nutri Foods Piotroski F-Score Chart

Mother Nutri Foods Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 7.00 5.00

Mother Nutri Foods Semi-Annual Data
Mar23 Mar24 Mar25 Sep25 Mar26
Piotroski F-Score N/A N/A 7.00 0.00 5.00

BOM:544623 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Mother Nutri 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.


Mother Nutri Foods Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


BOM:544623
16GF Score
Mother Nutri Foods Ltd BOM:544623
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 ₹116 Mil.
Cash Flow from Operations was ₹-453 Mil.
Revenue was ₹1,233 Mil.
Gross Profit was ₹239 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (708.627 + 1193.696) / 2 = ₹951.1615 Mil.
Total Assets at the begining of this year (Mar25) was ₹709 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹918 Mil.
Total Current Liabilities was ₹533 Mil.
Net Income was ₹66 Mil.

Revenue was ₹902 Mil.
Gross Profit was ₹192 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (477.818 + 708.627) / 2 = ₹593.2225 Mil.
Total Assets at the begining of last year (Mar24) was ₹478 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2 Mil.
Total Current Assets was ₹666 Mil.
Total Current Liabilities was ₹458 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.

Mother Nutri Foods's current Net Income (TTM) was 116. ==> 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.

Mother Nutri Foods's current Cash Flow from Operations (TTM) was -453. ==> 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)
=116.388/708.627
=0.16424438

ROA (Last Year)=Net Income/Total Assets (Mar24)
=66.347/477.818
=0.13885412

Mother Nutri Foods's return on assets of this year was 0.16424438. Mother Nutri Foods's return on assets of last year was 0.13885412. ==> 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.

Mother Nutri Foods's current Net Income (TTM) was 116. Mother Nutri Foods's current Cash Flow from Operations (TTM) was -453. ==> -453 <= 116 ==> 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
=0/951.1615
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.732/593.2225
=0.00291965

Mother Nutri Foods's gearing of this year was 0. Mother Nutri Foods's gearing of last year was 0.00291965. ==> 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
=917.524/533.044
=1.7212913

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=666.255/458.361
=1.45355953

Mother Nutri Foods's current ratio of this year was 1.7212913. Mother Nutri Foods's current ratio of last year was 1.45355953. ==> 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.

Mother Nutri Foods's number of shares in issue this year was 10.495. Mother Nutri Foods's number of shares in issue last year was 12.535. ==> 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
=238.895/1232.783
=0.19378512

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=191.731/902.431
=0.21246056

Mother Nutri Foods's gross margin of this year was 0.19378512. Mother Nutri Foods's gross margin of last year was 0.21246056. ==> 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)
=1232.783/708.627
=1.73967828

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=902.431/477.818
=1.88865007

Mother Nutri Foods's asset turnover of this year was 1.73967828. Mother Nutri Foods's asset turnover of last year was 1.88865007. ==> 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+0+0
=5

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

Mother Nutri Foods 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?
Mother Nutri Foods (BOM:544623) has a Piotroski F-Score of 5 as of Jul. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mother Nutri Foods and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Mother Nutri Foods' Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Mother Nutri Foods ranks #924 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 48.4%.
Is Mother Nutri Foods' Piotroski F-Score too high?
Mother Nutri Foods' current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Mother Nutri Foods' value of 5 is 0% at this industry median. Based on the distribution chart, Mother Nutri Foods ranks #924 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Mother Nutri Foods has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Mother Nutri Foods' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Mother Nutri Foods ranks #924 out of 1911 companies for Piotroski F-Score. This puts Mother Nutri Foods in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Mother Nutri Foods' value of 5 is 0% at this benchmark. Historically, Mother Nutri Foods' own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Mother Nutri Foods 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 1,911 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. Mother Nutri Foods'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 Mother Nutri 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. Mother Nutri Foods's current Piotroski F-Score is 5, which is 17% 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 Mother Nutri Foods stock overvalued right now?
Mother Nutri Foods (BOM:544623) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Mother Nutri Foods' overall GF Score™ is 16/100 with 3 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 Mother Nutri Foods (BOM:544623), the current Piotroski F-Score is 5 as of Jul. 30, 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.

Mother Nutri Foods Business Description

Address Survey No 276/1, opposite Petrol pump Mahuva-Bhavnagar road, Otha, Mahuva, Bhavnagar, GJ, IND, 364295
Mother Nutri Foods Ltd is a B2B peanut butter manufacturing company offering various flavours and ranges of peanut butter. The company also offer the peanut butter under its own brand 'Spread & Eat' in several countries. It is also engage in private labelling, manufacturing peanut butter for domestic and international customers, including hypermarkets, supermarkets, and retail chains. The company operates in a single business segment i.e. Food Processing. It generates the majority of revenue from the sale of Peanut butter to domestic as well as international markets.
16GF 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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