Elfin Agro India (BOM:544724) Piotroski F-Score: 7 (As of Jul. 10, 2026) — Near Median


BOM:544724 Elfin Agro India Ltd BOM:544724
19 GF Score
Price ₹72.25
! 4 Warning Signs
View Full Analysis

What is Elfin Agro India Piotroski F-Score?

Elfin Agro India BOM:544724 +1.05% 19 Piotroski F-Score is 7 as of Jul. 10, 2026, which is at its 10-year median of 7.00. GuruFocus rates BOM:544724 with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Elfin Agro India ranks better than 88.33% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Elfin Agro India has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

BOM:544724' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 7
Current: 7

During the past 4 years, the highest Piotroski F-Score of Elfin Agro India was 7. The lowest was 6. And the median was 7.

Elfin Agro India  (BOM:544724) 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.


Elfin Agro India Piotroski F-Score Related Terms


Elfin Agro India Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Elfin Agro India'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.

Elfin Agro India Piotroski F-Score Chart

Elfin Agro India Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 6.00 7.00

Elfin Agro India Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Piotroski F-Score N/A N/A 6.00 7.00

BOM:544724 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Elfin Agro India'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.


Elfin Agro India Piotroski F-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Elfin Agro India's Piotroski F-Score falls into.


BOM:544724
19GF Score
Elfin Agro India Ltd BOM:544724
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 ₹58 Mil.
Cash Flow from Operations was ₹147 Mil.
Revenue was ₹1,768 Mil.
Gross Profit was ₹199 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (334.414 + 523.496) / 2 = ₹428.955 Mil.
Total Assets at the begining of this year (Mar25) was ₹334 Mil.
Long-Term Debt & Capital Lease Obligation was ₹11 Mil.
Total Current Assets was ₹412 Mil.
Total Current Liabilities was ₹71 Mil.
Net Income was ₹50 Mil.

Revenue was ₹1,459 Mil.
Gross Profit was ₹147 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (246.926 + 334.414) / 2 = ₹290.67 Mil.
Total Assets at the begining of last year (Mar24) was ₹247 Mil.
Long-Term Debt & Capital Lease Obligation was ₹17 Mil.
Total Current Assets was ₹225 Mil.
Total Current Liabilities was ₹175 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.

Elfin Agro India's current Net Income (TTM) was 58. ==> 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.

Elfin Agro India's current Cash Flow from Operations (TTM) was 147. ==> 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)
=57.698/334.414
=0.17253464

ROA (Last Year)=Net Income/Total Assets (Mar24)
=50.303/246.926
=0.2037169

Elfin Agro India's return on assets of this year was 0.17253464. Elfin Agro India's return on assets of last year was 0.2037169. ==> 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.

Elfin Agro India's current Net Income (TTM) was 58. Elfin Agro India's current Cash Flow from Operations (TTM) was 147. ==> 147 > 58 ==> CFROA > ROA ==> Score 1.

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
=11.225/428.955
=0.02616825

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=16.808/290.67
=0.05782502

Elfin Agro India's gearing of this year was 0.02616825. Elfin Agro India's gearing of last year was 0.05782502. ==> 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
=411.803/70.842
=5.81297818

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=224.759/174.894
=1.28511556

Elfin Agro India's current ratio of this year was 5.81297818. Elfin Agro India's current ratio of last year was 1.28511556. ==> 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.

Elfin Agro India's number of shares in issue this year was 14.389. Elfin Agro India's number of shares in issue last year was 19.425. ==> 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
=198.531/1767.768
=0.11230603

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=147.29/1458.634
=0.10097804

Elfin Agro India's gross margin of this year was 0.11230603. Elfin Agro India's gross margin of last year was 0.10097804. ==> 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)
=1767.768/334.414
=5.28616625

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1458.634/246.926
=5.90717057

Elfin Agro India's asset turnover of this year was 5.28616625. Elfin Agro India's asset turnover of last year was 5.90717057. ==> 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+1+1+1+1+1+0
=7

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

Elfin Agro India has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Elfin Agro India (BOM:544724) has a Piotroski F-Score of 7 as of Jul. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Elfin Agro India and its competitors. This is near median its historical median of 7.00. Over the past decade, Elfin Agro India's Piotroski F-Score has ranged from 6.00 to 7.00. According to the industry distribution chart, Elfin Agro India ranks #223 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 11.7%.
Is Elfin Agro India's Piotroski F-Score too high?
Elfin Agro India's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Elfin Agro India's value of 7 is 40% above this industry median. Based on the distribution chart, Elfin Agro India ranks #223 out of 1911 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Elfin Agro India has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Elfin Agro India's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Elfin Agro India ranks #223 out of 1911 companies for Piotroski F-Score. This places Elfin Agro India in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Elfin Agro India's value of 7 is 40% above this benchmark. Historically, Elfin Agro India's own Piotroski F-Score has ranged from 6.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Elfin Agro India has consistently been above 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. Elfin Agro India's current Piotroski F-Score of 7 is 40% above 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 Elfin Agro India 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. Elfin Agro India's current Piotroski F-Score is 7, which is near 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 Elfin Agro India stock overvalued right now?
Elfin Agro India (BOM:544724) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Elfin Agro India's overall GF Score™ is 19/100 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 Elfin Agro India (BOM:544724), the current Piotroski F-Score is 7 as of Jul. 10, 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.

Elfin Agro India Business Description

Elfin Agro India Ltd is engaged in the business of manufacturing of Chakki Atta (High fibre whole wheat flour), R Atta (Refined whole wheat flour), Tandoori Atta (Specialized flour), Sooji (Semolina flour), Maida (Refined Flour) and yellow mustard oil. The company sells processed wheat flour under the brands "Shiv Nandi" and "ELFIN'S Shri Shyam BHOG" to wholesalers and retailers. It is also engaged in the extraction, filtering and manufacturing of Edible mustard oil from raw mustard seeds. The company also engage in the trading of certain agro-products, including Chana, Maize, Soyabean Refined Oil, Rice Bran Refined Oil, Wheat, cattle feed, groundnut oil etc. The company's majority of revenue is derived from the sale of its products, mainly Maida.
19GF Score

Get the complete analysis for BOM:544724

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

₹72.25
Price