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Kohinoor MillsKAR:KML +9.37%72 Piotroski F-Score is 4 as of Aug. 10, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates KAR:KML with a GF Score™ of 72/100 and a GF Value™ of ₨4.33 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,046 Manufacturing - Apparel & Accessories companies, Kohinoor Mills ranks worse than 63.48% 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
Kohinoor Mills 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 Kohinoor Mills's Piotroski F-Score or its related term are showing as below:
KAR:KML'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 4
During the past 11 years, the highest Piotroski F-Score of Kohinoor Mills was 8. The lowest was 2. And the median was 5.
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.
Kohinoor Mills Piotroski F-Score Related Terms
Kohinoor Mills Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Kohinoor Mills'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.
For the Textile Manufacturing subindustry, Kohinoor Mills'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.
Kohinoor Mills Piotroski F-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kohinoor Mills's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Kohinoor Mills'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 33.118 + 56.6 + 79.712 + 12.844 = ₨182 Mil. Cash Flow from Operations was 341.468 + -444.205 + 217.739 + -329.071 = ₨-214 Mil. Revenue was 6053.026 + 6274.024 + 6799.968 + 6519.332 = ₨25,646 Mil. Gross Profit was 772.259 + 874.419 + 1076.649 + 978.942 = ₨3,702 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(25762.598 + 26484.614 + 27321.942 + 28004.699 + 27595.892) / 5 = ₨27033.949 Mil. Total Assets at the begining of this year (Mar25) was ₨25,763 Mil. Long-Term Debt & Capital Lease Obligation was ₨2,080 Mil. Total Current Assets was ₨13,231 Mil. Total Current Liabilities was ₨14,605 Mil.
Net Income was -189.632 + 10.876 + 160.37 + 29.149 = ₨11 Mil.
Revenue was 7138.031 + 7020.089 + 7492.381 + 6571.781 = ₨28,222 Mil. Gross Profit was 742.854 + 929.874 + 1069.123 + 843.45 = ₨3,585 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(20995.857 + 24868.398 + 25762.598 + 26672.691 + 25762.598) / 5 = ₨24812.4284 Mil. Total Assets at the begining of last year (Mar24) was ₨20,996 Mil. Long-Term Debt & Capital Lease Obligation was ₨1,335 Mil. Total Current Assets was ₨13,821 Mil. Total Current Liabilities was ₨13,581 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.
Kohinoor Mills's current Net Income (TTM) was 182.
==> 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.
Kohinoor Mills's return on assets of this year was 0.00707514. Kohinoor Mills's return on assets of last year was 0.00051262.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kohinoor Mills's gearing of this year was 0.07694385. Kohinoor Mills's gearing of last year was 0.05382226.
==> Last year is lower than this year ==> Score 0.
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
Kohinoor Mills's current ratio of this year was 0.90592246. Kohinoor Mills's current ratio of last year was 1.01762785.
==> 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.
Kohinoor Mills's number of shares in issue this year was 428.132. Kohinoor Mills's number of shares in issue last year was 485.824.
==> 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.
Kohinoor Mills's gross margin of this year was 0.14435851. Kohinoor Mills's gross margin of last year was 0.12703796.
==> 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
Kohinoor Mills's asset turnover of this year was 0.99548772. Kohinoor Mills's asset turnover of last year was 1.34418338.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kohinoor Mills has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Kohinoor Mills (KAR:KML) has a Piotroski F-Score of 4 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kohinoor Mills and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Kohinoor Mills' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Kohinoor Mills ranks #664 out of 1046 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 63.5%.
Is Kohinoor Mills' Piotroski F-Score too high?
Kohinoor Mills' current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Manufacturing - Apparel & Accessories industry median Piotroski F-Score is 5.00. Kohinoor Mills' value of 4 is 20% below this industry median. Based on the distribution chart, Kohinoor Mills ranks #664 out of 1046 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Kohinoor Mills has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kohinoor Mills' Piotroski F-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kohinoor Mills ranks #664 out of 1046 companies for Piotroski F-Score. This places Kohinoor Mills in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kohinoor Mills' value of 4 is 20% below this benchmark. Historically, Kohinoor Mills' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Kohinoor Mills 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 1,046 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. Kohinoor Mills'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 Kohinoor Mills 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. Kohinoor Mills's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kohinoor Mills stock overvalued right now?
Based on GuruFocus' analysis, Kohinoor Mills (KAR:KML) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨4.33, compared to a current price of ₨11.32 — trading 161.4% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Manufacturing - Apparel & Accessories industry median of 5.00. Kohinoor Mills' overall GF Score™ is 72/100 with 6 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 Kohinoor Mills (KAR:KML), the current Piotroski F-Score is 4 as of Aug. 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.
Is Kohinoor Mills (KAR:KML) Overvalued in 2026?
Based on GuruFocus' analysis, Kohinoor Mills stock appears to be overvalued.
The current stock price of ₨11.32 is trading 161.4% above its estimated GF Value™ of ₨4.33.
GuruFocus considers Kohinoor Mills to be Significantly Overvalued.
Key valuation signals for KAR:KML:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: ₨4.33 vs. price of ₨11.32 (161.4% above fair value)
Industry Position: 20% below the Manufacturing - Apparel & Accessories median (#664 of 1046)
No single metric tells the full story. See the KAR:KML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kohinoor Mills Ltd is engaged in the business of textile manufacturing covering weaving, bleaching, dyeing, buying, selling and dealing in yarn, cloth, and other goods and fabrics made from raw cotton and synthetic fiber and to generate, and supply electricity. The company has four reportable business segments. Weaving (Producing different quality of greige fabric using yarn), Dyeing (Converting greige into dyed fabric), Apparel (manufacturing of garments using processed fabric), and Power Generation (Generating and distributing power). The company earns the majority of its revenue from Dyeing segment. Geographically, the group has a world wide business presence.
72GF Score
Get the complete analysis for KAR:KML
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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