Accent Microcell (NSE:ACCENTMIC) Piotroski F-Score: 4 (As of Jul. 03, 2026) — 50% Below Median


NSE:ACCENTMIC Accent Microcell Ltd NSE:ACCENTMIC
19 GF Score
Price ₹497.60
! 6 Warning Signs
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What is Accent Microcell Piotroski F-Score?

Accent Microcell NSE:ACCENTMIC +0.26% 19 Piotroski F-Score is 4 as of Jul. 03, 2026, which is 50% below its 10-year median of 8.00. GuruFocus rates NSE:ACCENTMIC with a GF Score™ of 19/100. The stock has 6 warning signs investors should review. Among 981 Drug Manufacturers companies, Accent Microcell ranks worse than 60.86% 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

Accent Microcell 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 Accent Microcell's Piotroski F-Score or its related term are showing as below:

NSE:ACCENTMIC' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 8   Max: 8
Current: 4

During the past 5 years, the highest Piotroski F-Score of Accent Microcell was 8. The lowest was 4. And the median was 8.

Accent Microcell  (NSE:ACCENTMIC) 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.


Accent Microcell Piotroski F-Score Related Terms


Accent Microcell Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Accent Microcell'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.

Accent Microcell Piotroski F-Score Chart

Accent Microcell Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 8.00 8.00 4.00

Accent Microcell Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score N/A N/A 8.00 8.00 4.00

NSE:ACCENTMIC vs ZTS, UTHR: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Accent Microcell'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.


Accent Microcell Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Accent Microcell's Piotroski F-Score distribution charts can be found below:

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


NSE:ACCENTMIC
19GF Score
Accent Microcell Ltd NSE:ACCENTMIC
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was ₹331 Mil.
Cash Flow from Operations was ₹247 Mil.
Revenue was ₹2,646 Mil.
Gross Profit was ₹1,003 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (2048.397 + 2283.744) / 2 = ₹2166.0705 Mil.
Total Assets at the begining of this year (Mar24) was ₹2,048 Mil.
Long-Term Debt & Capital Lease Obligation was ₹9 Mil.
Total Current Assets was ₹1,544 Mil.
Total Current Liabilities was ₹304 Mil.
Net Income was ₹302 Mil.

Revenue was ₹2,455 Mil.
Gross Profit was ₹973 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (1106.941 + 2048.397) / 2 = ₹1577.669 Mil.
Total Assets at the begining of last year (Mar23) was ₹1,107 Mil.
Long-Term Debt & Capital Lease Obligation was ₹15 Mil.
Total Current Assets was ₹1,634 Mil.
Total Current Liabilities was ₹379 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.

Accent Microcell's current Net Income (TTM) was 331. ==> 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.

Accent Microcell's current Cash Flow from Operations (TTM) was 247. ==> 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 (Mar24)
=330.629/2048.397
=0.16140865

ROA (Last Year)=Net Income/Total Assets (Mar23)
=301.68/1106.941
=0.27253485

Accent Microcell's return on assets of this year was 0.16140865. Accent Microcell's return on assets of last year was 0.27253485. ==> 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.

Accent Microcell's current Net Income (TTM) was 331. Accent Microcell's current Cash Flow from Operations (TTM) was 247. ==> 247 <= 331 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=8.594/2166.0705
=0.00396755

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=14.981/1577.669
=0.00949565

Accent Microcell's gearing of this year was 0.00396755. Accent Microcell's gearing of last year was 0.00949565. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=1543.554/303.931
=5.07863298

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1634.42/378.58
=4.3172381

Accent Microcell's current ratio of this year was 5.07863298. Accent Microcell's current ratio of last year was 4.3172381. ==> 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.

Accent Microcell's number of shares in issue this year was 22.246. Accent Microcell's number of shares in issue last year was 17.08. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=1003.027/2645.769
=0.37910604

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=972.887/2454.978
=0.39629153

Accent Microcell's gross margin of this year was 0.37910604. Accent Microcell's gross margin of last year was 0.39629153. ==> 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 (Mar24)
=2645.769/2048.397
=1.29162902

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=2454.978/1106.941
=2.21780384

Accent Microcell's asset turnover of this year was 1.29162902. Accent Microcell's asset turnover of last year was 2.21780384. ==> 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+0+1+1+0+0+0
=4

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

Accent Microcell 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?
Accent Microcell (NSE:ACCENTMIC) has a Piotroski F-Score of 4 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Accent Microcell and its competitors. This is 50% below median its historical median of 8.00. Over the past decade, Accent Microcell's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Accent Microcell ranks #597 out of 981 companies in the Drug Manufacturers industry, placing it in the top 60.9%.
Is Accent Microcell's Piotroski F-Score too high?
Accent Microcell's current Piotroski F-Score of 4 is 50% below median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Accent Microcell's value of 4 is 20% below this industry median. Based on the distribution chart, Accent Microcell ranks #597 out of 981 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Accent Microcell has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Accent Microcell's Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Accent Microcell ranks #597 out of 981 companies for Piotroski F-Score. This places Accent Microcell in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Accent Microcell's value of 4 is 20% below this benchmark. Historically, Accent Microcell's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, Accent Microcell 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 981 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. Accent Microcell'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 Accent Microcell and its competitors. For the Drug Manufacturers 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. Accent Microcell's current Piotroski F-Score is 4, which is 50% below median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accent Microcell stock overvalued right now?
Accent Microcell (NSE:ACCENTMIC) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 50% below median its 10-year median of 8.00 and 20% below the Drug Manufacturers industry median of 5.00. Accent Microcell's overall GF Score™ is 19/100 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 Accent Microcell (NSE:ACCENTMIC), the current Piotroski F-Score is 4 as of Jul. 03, 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.

Accent Microcell Business Description

Address Shyamal Cross Roads, Anandnagar Road, 314, Shangrilla Arcade, Satellite, Ahmedabad, GJ, IND, 380015
Accent Microcell Ltd is engaged in the manufacturing business of pharmaceutical excipients including products like Microcrystalline Cellulose which is a term for refined wood pulp and is used as a texturizer, an anti-caking agent, a fat substitute, an emulsifier, an extender, and a bulking agent in food production; Croscarmellose Sodium used as a super disintegrant in pharmaceutical formulations; Magnesium Stearate; Cellulose Powder, and others. Its business segments are segregated based on the location of its manufacturing facilities and include Dahej (SEZ Unit), Pirana, Unit III, and Inter Unit Sales. Geographically, a majority of the company's revenue is derived through the export of its products to various countries.
19GF Score

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