Aspinwall and Co (NSE:ASPINWALL) Piotroski F-Score: 1 (As of Jun. 29, 2026) — 83% Below Median


NSE:ASPINWALL Aspinwall and Co Ltd NSE:ASPINWALL
74 GF Score
Price ₹243.26
GF Value ₹376.68
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Aspinwall and Co Piotroski F-Score?

Aspinwall and Co NSE:ASPINWALL -1.19% 74 Piotroski F-Score is 1 as of Jun. 29, 2026, which is 83% below its 10-year median of 6.00. GuruFocus rates NSE:ASPINWALL with a GF Score™ of 74/100 and a GF Value™ of ₹376.68 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Aspinwall and Co ranks worse than 98.95% on this metric.

Warning Sign:

Piotroski F-Score of 1 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Aspinwall and Co has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

NSE:ASPINWALL' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 9
Current: 1

During the past 13 years, the highest Piotroski F-Score of Aspinwall and Co was 9. The lowest was 1. And the median was 6.

Aspinwall and Co  (NSE:ASPINWALL) 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.


Aspinwall and Co Piotroski F-Score Related Terms


Aspinwall and Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aspinwall and Co'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.

Aspinwall and Co Piotroski F-Score Chart

Aspinwall and Co 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 8.00 9.00 5.00 6.00 1.00

Aspinwall and Co 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 6.00 0.00 0.00 0.00 1.00

NSE:ASPINWALL vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Aspinwall and Co'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.


Aspinwall and Co Piotroski F-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Aspinwall and Co's Piotroski F-Score falls into.


NSE:ASPINWALL
74GF Score
Aspinwall and Co Ltd NSE:ASPINWALL
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 ₹132 Mil.
Cash Flow from Operations was ₹-218 Mil.
Revenue was ₹4,172 Mil.
Gross Profit was ₹2,188 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (3116.4 + 3330.3) / 2 = ₹3223.35 Mil.
Total Assets at the begining of this year (Mar25) was ₹3,116 Mil.
Long-Term Debt & Capital Lease Obligation was ₹40 Mil.
Total Current Assets was ₹2,296 Mil.
Total Current Liabilities was ₹1,248 Mil.
Net Income was ₹145 Mil.

Revenue was ₹3,360 Mil.
Gross Profit was ₹1,934 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2504.8 + 3116.4) / 2 = ₹2810.6 Mil.
Total Assets at the begining of last year (Mar24) was ₹2,505 Mil.
Long-Term Debt & Capital Lease Obligation was ₹30 Mil.
Total Current Assets was ₹2,134 Mil.
Total Current Liabilities was ₹1,126 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.

Aspinwall and Co's current Net Income (TTM) was 132. ==> 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.

Aspinwall and Co's current Cash Flow from Operations (TTM) was -218. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=131.6/3116.4
=0.04222821

ROA (Last Year)=Net Income/Total Assets (Mar24)
=145.3/2504.8
=0.05800862

Aspinwall and Co's return on assets of this year was 0.04222821. Aspinwall and Co's return on assets of last year was 0.05800862. ==> 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.

Aspinwall and Co's current Net Income (TTM) was 132. Aspinwall and Co's current Cash Flow from Operations (TTM) was -218. ==> -218 <= 132 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=39.7/3223.35
=0.01231638

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=29.7/2810.6
=0.01056714

Aspinwall and Co's gearing of this year was 0.01231638. Aspinwall and Co's gearing of last year was 0.01056714. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=2295.7/1247.5
=1.84024048

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2134.4/1126.2
=1.89522287

Aspinwall and Co's current ratio of this year was 1.84024048. Aspinwall and Co's current ratio of last year was 1.89522287. ==> 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.

Aspinwall and Co's number of shares in issue this year was 7.819. Aspinwall and Co's number of shares in issue last year was 7.816. ==> 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
=2188.1/4171.5
=0.52453554

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1934.2/3359.6
=0.5757233

Aspinwall and Co's gross margin of this year was 0.52453554. Aspinwall and Co's gross margin of last year was 0.5757233. ==> 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)
=4171.5/3116.4
=1.33856373

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3359.6/2504.8
=1.34126477

Aspinwall and Co's asset turnover of this year was 1.33856373. Aspinwall and Co's asset turnover of last year was 1.34126477. ==> 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+0+0+0+0+0+0+0+0
=1

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

Aspinwall and Co has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 1 mean?
Aspinwall and Co (NSE:ASPINWALL) has a Piotroski F-Score of 1 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aspinwall and Co and its competitors. This is 83% below median its historical median of 6.00. Over the past decade, Aspinwall and Co's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Aspinwall and Co ranks #1889 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 99%.
Is Aspinwall and Co's Piotroski F-Score too high?
Aspinwall and Co's current Piotroski F-Score of 1 is 83% below median its 10-year median of 6.00. 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. Aspinwall and Co's value of 1 is 80% below this industry median. Based on the distribution chart, Aspinwall and Co ranks #1889 out of 1909 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Aspinwall and Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aspinwall and Co's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Aspinwall and Co ranks #1889 out of 1909 companies for Piotroski F-Score. This places Aspinwall and Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Aspinwall and Co's value of 1 is 80% below this benchmark. Historically, Aspinwall and Co's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Aspinwall and Co 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. Aspinwall and Co's current Piotroski F-Score of 1 is 80% 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 Aspinwall and Co 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. Aspinwall and Co's current Piotroski F-Score is 1, which is 83% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspinwall and Co stock overvalued right now?
Based on GuruFocus' analysis, Aspinwall and Co (NSE:ASPINWALL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹376.68, compared to a current price of ₹243.26 — trading 35.4% below its estimated fair value. The current Piotroski F-Score is 1, which is 83% below median its 10-year median of 6.00 and 80% below the Consumer Packaged Goods industry median of 5.00. Aspinwall and Co's overall GF Score™ is 74/100 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 Aspinwall and Co (NSE:ASPINWALL), the current Piotroski F-Score is 1 as of Jun. 29, 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 Aspinwall and Co (NSE:ASPINWALL) Overvalued in 2026?

Based on GuruFocus' analysis, Aspinwall and Co stock appears to be undervalued. The current stock price of ₹243.26 is trading 35.4% below its estimated GF Value™ of ₹376.68. GuruFocus considers Aspinwall and Co to be Possible Value Trap.

Key valuation signals for NSE:ASPINWALL:

  • Piotroski F-Score: 1 (83% below median its 10-year median of 6.00)
  • GF Value™: ₹376.68 vs. price of ₹243.26 (35.4% below fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 80% below the Consumer Packaged Goods median (#1889 of 1909)

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


Aspinwall and Co Business Description

Address Kulshekar, P. B. No. 901, Mangalore, KA, IND, 575005
Aspinwall and Co Ltd has diversified business activities comprising logistics services across various branches in India, rubber plantations at Malappuram, coffee processing and trading at Mangalore, natural fibre division at Pollachi, and a sales office in Hertogenbosch (Netherlands). Its reportable segments are: Logistics, Coffee, Plantation, and Others. Maximum revenue is generated from its Logistics segment, which provides services for handling bulk cargo, freight forwarding, and related logistics services. The Coffee segment is engaged in buying, processing, selling, and trading coffee, and the Plantation segment is involved in cultivating, processing, selling, and trading rubber. Geographically, the group generates maximum revenue from India, followed by Europe, Americas, and others.
74GF Score

Get the complete analysis for NSE:ASPINWALL

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

₹243.26
Price
₹376.68
GF Value