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Tandlianwala Sugar MillsKAR:TSML -3.11%67 Piotroski F-Score is 6 as of Aug. 15, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates KAR:TSML with a GF Score™ of 67/100 and a GF Value™ of ₨123.47 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,908 Consumer Packaged Goods companies, Tandlianwala Sugar Mills ranks better than 72.43% 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
Tandlianwala Sugar Mills 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 Tandlianwala Sugar Mills's Piotroski F-Score or its related term are showing as below:
KAR:TSML'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Tandlianwala Sugar Mills was 9. The lowest was 1. 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.
Tandlianwala Sugar Mills Piotroski F-Score Related Terms
Tandlianwala Sugar Mills Piotroski F-Score Historical Data
* 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.
KAR:TSML vs MDLZ, HSY, TR: Piotroski F-Score Comparison
For the Confectioners subindustry, Tandlianwala Sugar 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.
Tandlianwala Sugar Mills Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tandlianwala Sugar Mills's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tandlianwala Sugar 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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 421.945 + 319.492 + 18.528 + 124.725 = ₨885 Mil. Cash Flow from Operations was 5390.476 + 700.801 + -9778.124 + 603.328 = ₨-3,084 Mil. Revenue was 10178.18 + 15589.889 + 22251.567 + 8204.26 = ₨56,224 Mil. Gross Profit was 1976.424 + 1314.898 + 1340.471 + 1285.281 = ₨5,917 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(47522.565 + 40356.302 + 40797.024 + 54491.967 + 52178.519) / 5 = ₨47069.2754 Mil. Total Assets at the begining of this year (Jun25) was ₨47,523 Mil. Long-Term Debt & Capital Lease Obligation was ₨348 Mil. Total Current Assets was ₨38,044 Mil. Total Current Liabilities was ₨35,771 Mil.
Net Income was 60.344 + 388.735 + -123.675 + 22.711 = ₨348 Mil.
Revenue was 6065.452 + 6859.253 + 17218.632 + 6224.011 = ₨36,367 Mil. Gross Profit was 1102.99 + 1351.209 + 1630.389 + 1069.366 = ₨5,154 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(46661.803 + 41558.688 + 43451.031 + 52064.379 + 47522.565) / 5 = ₨46251.6932 Mil. Total Assets at the begining of last year (Jun24) was ₨46,662 Mil. Long-Term Debt & Capital Lease Obligation was ₨398 Mil. Total Current Assets was ₨33,075 Mil. Total Current Liabilities was ₨32,095 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.
Tandlianwala Sugar Mills's current Net Income (TTM) was 885.
==> 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.
Tandlianwala Sugar Mills's current Cash Flow from Operations (TTM) was -3,084.
==> 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.
Tandlianwala Sugar Mills's return on assets of this year was 0.01861621. Tandlianwala Sugar Mills's return on assets of last year was 0.00746038.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tandlianwala Sugar Mills's gearing of this year was 0.00738837. Tandlianwala Sugar Mills's gearing of last year was 0.00861367.
==> 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
Tandlianwala Sugar Mills's current ratio of this year was 1.06354324. Tandlianwala Sugar Mills's current ratio of last year was 1.03055535.
==> 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.
Tandlianwala Sugar Mills's number of shares in issue this year was 117.665. Tandlianwala Sugar Mills's number of shares in issue last year was 119.529.
==> 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.
Tandlianwala Sugar Mills's gross margin of this year was 0.10524127. Tandlianwala Sugar Mills's gross margin of last year was 0.14171927.
==> 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
Tandlianwala Sugar Mills's asset turnover of this year was 1.18309893. Tandlianwala Sugar Mills's asset turnover of last year was 0.77938154.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tandlianwala Sugar Mills has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Tandlianwala Sugar Mills (KAR:TSML) has a Piotroski F-Score of 6 as of Aug. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tandlianwala Sugar Mills and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Tandlianwala Sugar Mills' Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Tandlianwala Sugar Mills ranks #526 out of 1908 companies in the Consumer Packaged Goods industry, placing it in the top 27.6%.
Is Tandlianwala Sugar Mills' Piotroski F-Score too high?
Tandlianwala Sugar Mills' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Tandlianwala Sugar Mills' value of 6 is 20% above this industry median. Based on the distribution chart, Tandlianwala Sugar Mills ranks #526 out of 1908 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Tandlianwala Sugar Mills has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tandlianwala Sugar Mills' Piotroski F-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Tandlianwala Sugar Mills ranks #526 out of 1908 companies for Piotroski F-Score. This puts Tandlianwala Sugar Mills in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tandlianwala Sugar Mills' value of 6 is 20% above this benchmark. Historically, Tandlianwala Sugar Mills' own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Tandlianwala Sugar Mills 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 1,908 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. Tandlianwala Sugar Mills's current Piotroski F-Score of 6 is 20% 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 Tandlianwala Sugar Mills 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. Tandlianwala Sugar Mills's current Piotroski F-Score is 6, which is 20% above 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 Tandlianwala Sugar Mills stock overvalued right now?
Based on GuruFocus' analysis, Tandlianwala Sugar Mills (KAR:TSML) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨123.47, compared to a current price of ₨559.87 — trading 353.4% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Tandlianwala Sugar Mills' overall GF Score™ is 67/100 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 Tandlianwala Sugar Mills (KAR:TSML), the current Piotroski F-Score is 6 as of Aug. 15, 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 Tandlianwala Sugar Mills (KAR:TSML) Overvalued in 2026?
Based on GuruFocus' analysis, Tandlianwala Sugar Mills stock appears to be overvalued.
The current stock price of ₨559.87 is trading 353.4% above its estimated GF Value™ of ₨123.47.
GuruFocus considers Tandlianwala Sugar Mills to be Significantly Overvalued.
Key valuation signals for KAR:TSML:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: ₨123.47 vs. price of ₨559.87 (353.4% above fair value)
Industry Position: 20% above the Consumer Packaged Goods median (#526 of 1908)
No single metric tells the full story. See the KAR:TSML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tandlianwala Sugar Mills Ltd is engaged in the production and sale of white crystalline sugar, ethanol, and other allied by-products. The company operates three sugar mills, two ethanol distilleries, and a carbon Dioxide plant. Its operating segments include the Sugar segment, which involves the production of white sugar and molasses from sugarcane; the Ethanol segment, which focuses on the production of ethanol from molasses; and the Top Gas and other segments, which involve the production of top gas. The majority of the company's revenue is generated from the Sugar segment.
67GF Score
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