Andhra Sugars (NSE:ANDHRSUGAR) Piotroski F-Score: 7 (As of Jul. 27, 2026) — Near Median

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NSE:ANDHRSUGAR Andhra Sugars Ltd NSE:ANDHRSUGAR
80 GF Score
Price ₹87.45
GF Value ₹117.69
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Andhra Sugars Piotroski F-Score?

Andhra Sugars NSE:ANDHRSUGAR +1.30% 80 Piotroski F-Score is 7 as of Jul. 27, 2026, which is at its 10-year median of 7.00. GuruFocus rates NSE:ANDHRSUGAR with a GF Score™ of 80/100 and a GF Value™ of ₹117.69 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,559 Chemicals companies, Andhra Sugars ranks better than 89.93% 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

Andhra Sugars 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 Andhra Sugars's Piotroski F-Score or its related term are showing as below:

NSE:ANDHRSUGAR' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Andhra Sugars was 7. The lowest was 5. And the median was 7.

Andhra Sugars  (NSE:ANDHRSUGAR) 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.


Andhra Sugars Piotroski F-Score Related Terms


Andhra Sugars Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Andhra Sugars'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.

Andhra Sugars Piotroski F-Score Chart

Andhra Sugars Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 5.00 7.00 7.00

Andhra Sugars Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 0.00 0.00 0.00 7.00

NSE:ANDHRSUGAR vs DOW: Piotroski F-Score Comparison

For the Chemicals subindustry, Andhra Sugars'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.


Andhra Sugars Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Andhra Sugars's Piotroski F-Score distribution charts can be found below:

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


NSE:ANDHRSUGAR
80GF Score
Andhra Sugars Ltd NSE:ANDHRSUGAR
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 ₹832 Mil.
Cash Flow from Operations was ₹2,783 Mil.
Revenue was ₹24,660 Mil.
Gross Profit was ₹10,250 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (21076.109 + 21741.993) / 2 = ₹21409.051 Mil.
Total Assets at the begining of this year (Mar25) was ₹21,076 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹9,778 Mil.
Total Current Liabilities was ₹2,040 Mil.
Net Income was ₹259 Mil.

Revenue was ₹20,197 Mil.
Gross Profit was ₹9,021 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (20750.978 + 21076.109) / 2 = ₹20913.5435 Mil.
Total Assets at the begining of last year (Mar24) was ₹20,751 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹8,672 Mil.
Total Current Liabilities was ₹2,156 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.

Andhra Sugars's current Net Income (TTM) was 832. ==> 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.

Andhra Sugars's current Cash Flow from Operations (TTM) was 2,783. ==> 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)
=832.232/21076.109
=0.03948699

ROA (Last Year)=Net Income/Total Assets (Mar24)
=258.816/20750.978
=0.01247247

Andhra Sugars's return on assets of this year was 0.03948699. Andhra Sugars's return on assets of last year was 0.01247247. ==> 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.

Andhra Sugars's current Net Income (TTM) was 832. Andhra Sugars's current Cash Flow from Operations (TTM) was 2,783. ==> 2,783 > 832 ==> 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
=0/21409.051
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/20913.5435
=0

Andhra Sugars's gearing of this year was 0. Andhra Sugars's gearing of last year was 0. ==> 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
=9778.303/2040.187
=4.79284644

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=8672.339/2156.365
=4.02173983

Andhra Sugars's current ratio of this year was 4.79284644. Andhra Sugars's current ratio of last year was 4.02173983. ==> 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.

Andhra Sugars's number of shares in issue this year was 135.543. Andhra Sugars's number of shares in issue last year was 135.506. ==> 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
=10249.576/24659.965
=0.41563628

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9021.022/20196.893
=0.44665395

Andhra Sugars's gross margin of this year was 0.41563628. Andhra Sugars's gross margin of last year was 0.44665395. ==> 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)
=24659.965/21076.109
=1.17004353

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=20196.893/20750.978
=0.97329837

Andhra Sugars's asset turnover of this year was 1.17004353. Andhra Sugars's asset turnover of last year was 0.97329837. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+0+0+1
=7

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

Andhra Sugars 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?
Andhra Sugars (NSE:ANDHRSUGAR) has a Piotroski F-Score of 7 as of Jul. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Andhra Sugars and its competitors. This is near median its historical median of 7.00. Over the past decade, Andhra Sugars' Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Andhra Sugars ranks #157 out of 1559 companies in the Chemicals industry, placing it in the top 10.1%.
Is Andhra Sugars' Piotroski F-Score too high?
Andhra Sugars' 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 5.00 to a high of 7.00. The Chemicals industry median Piotroski F-Score is 5.00. Andhra Sugars' value of 7 is 40% above this industry median. Based on the distribution chart, Andhra Sugars ranks #157 out of 1559 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Andhra Sugars has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Andhra Sugars' Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Andhra Sugars ranks #157 out of 1559 companies for Piotroski F-Score. This places Andhra Sugars in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Andhra Sugars' value of 7 is 40% above this benchmark. Historically, Andhra Sugars' own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Andhra Sugars 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,559 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. Andhra Sugars'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 Andhra Sugars and its competitors. For the Chemicals 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. Andhra Sugars'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 Andhra Sugars stock overvalued right now?
Based on GuruFocus' analysis, Andhra Sugars (NSE:ANDHRSUGAR) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹117.69, compared to a current price of ₹87.45 — trading 25.7% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Chemicals industry median of 5.00. Andhra Sugars' overall GF Score™ is 80/100 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 Andhra Sugars (NSE:ANDHRSUGAR), the current Piotroski F-Score is 7 as of Jul. 27, 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 Andhra Sugars (NSE:ANDHRSUGAR) Overvalued in 2026?

Based on GuruFocus' analysis, Andhra Sugars stock appears to be undervalued. The current stock price of ₹87.45 is trading 25.7% below its estimated GF Value™ of ₹117.69. GuruFocus considers Andhra Sugars to be Modestly Undervalued.

Key valuation signals for NSE:ANDHRSUGAR:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: ₹117.69 vs. price of ₹87.45 (25.7% below fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 40% above the Chemicals median (#157 of 1559)

No single metric tells the full story. See the NSE:ANDHRSUGAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Andhra Sugars Business Description

Other Exchanges 590062:India
Address Venkatarayapuram, West Godavari District, Tanuku, AP, IND, 534215
Andhra Sugars Ltd is a manufacturer of sugar, industrial alcohol, chlor-alkali products, aspirin, salicylic acid, sulphuric acid, and liquid and solid propellants. In addition, the company is involved in generating power through renewable and non-renewable resources. Its reportable business segments are: Sugars, Chlor Alkali, Power Generation, Industrial Chemicals, and Others. The majority of its revenue is generated from the Industrial Chemicals segment, which includes the sale of suphuric acid, ethanol, UH 25, and MMH, liquid hydrogen, HTPB, etc.
80GF Score

Get the complete analysis for NSE:ANDHRSUGAR

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

₹87.45
Price
₹117.69
GF Value