AWL Agri Business (NSE:AWL) Piotroski F-Score: 6 (As of Jun. 28, 2026) — 14% Below Median


NSE:AWL AWL Agri Business Ltd NSE:AWL
66 GF Score
Price ₹182.03
GF Value ₹446.78
Valuation Significantly Undervalued
! 1 Warning Sign
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What is AWL Agri Business Piotroski F-Score?

AWL Agri Business NSE:AWL -0.58% 66 Piotroski F-Score is 6 as of Jun. 28, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates NSE:AWL with a GF Score™ of 66/100 and a GF Value™ of ₹446.78 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,911 Consumer Packaged Goods companies, AWL Agri Business ranks better than 73.47% 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

AWL Agri Business 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 AWL Agri Business's Piotroski F-Score or its related term are showing as below:

NSE:AWL' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 8 years, the highest Piotroski F-Score of AWL Agri Business was 8. The lowest was 5. And the median was 7.

AWL Agri Business  (NSE:AWL) 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.


AWL Agri Business Piotroski F-Score Related Terms


AWL Agri Business Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for AWL Agri Business'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.

AWL Agri Business Piotroski F-Score Chart

AWL Agri Business Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 7.00 5.00 5.00 8.00 6.00

AWL Agri Business 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 8.00 0.00 0.00 0.00 6.00

NSE:AWL vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, AWL Agri Business'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.


AWL Agri Business Piotroski F-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where AWL Agri Business's Piotroski F-Score falls into.


NSE:AWL
66GF Score
AWL Agri Business Ltd NSE:AWL
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 ₹10,421 Mil.
Cash Flow from Operations was ₹39,283 Mil.
Revenue was ₹746,190 Mil.
Gross Profit was ₹70,694 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (224375.1 + 247586.2) / 2 = ₹235980.65 Mil.
Total Assets at the begining of this year (Mar25) was ₹224,375 Mil.
Long-Term Debt & Capital Lease Obligation was ₹6,255 Mil.
Total Current Assets was ₹156,557 Mil.
Total Current Liabilities was ₹124,283 Mil.
Net Income was ₹12,251 Mil.

Revenue was ₹635,673 Mil.
Gross Profit was ₹67,835 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (198065.3 + 224375.1) / 2 = ₹211220.2 Mil.
Total Assets at the begining of last year (Mar24) was ₹198,065 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3,643 Mil.
Total Current Assets was ₹146,157 Mil.
Total Current Liabilities was ₹117,270 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.

AWL Agri Business's current Net Income (TTM) was 10,421. ==> 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.

AWL Agri Business's current Cash Flow from Operations (TTM) was 39,283. ==> 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)
=10420.5/224375.1
=0.04644232

ROA (Last Year)=Net Income/Total Assets (Mar24)
=12250.8/198065.3
=0.06185233

AWL Agri Business's return on assets of this year was 0.04644232. AWL Agri Business's return on assets of last year was 0.06185233. ==> 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.

AWL Agri Business's current Net Income (TTM) was 10,421. AWL Agri Business's current Cash Flow from Operations (TTM) was 39,283. ==> 39,283 > 10,421 ==> 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
=6254.9/235980.65
=0.02650599

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3642.5/211220.2
=0.01724504

AWL Agri Business's gearing of this year was 0.02650599. AWL Agri Business's gearing of last year was 0.01724504. ==> 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
=156556.8/124283
=1.25967992

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=146156.9/117269.6
=1.24633238

AWL Agri Business's current ratio of this year was 1.25967992. AWL Agri Business's current ratio of last year was 1.24633238. ==> 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.

AWL Agri Business's number of shares in issue this year was 1295.224. AWL Agri Business's number of shares in issue last year was 1298.715. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=70693.9/746190.3
=0.09473977

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=67834.7/635672.5
=0.10671328

AWL Agri Business's gross margin of this year was 0.09473977. AWL Agri Business's gross margin of last year was 0.10671328. ==> 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)
=746190.3/224375.1
=3.32563774

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=635672.5/198065.3
=3.20940872

AWL Agri Business's asset turnover of this year was 3.32563774. AWL Agri Business's asset turnover of last year was 3.20940872. ==> 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+0+1+0+1+1+0+1
=6

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

AWL Agri Business has an F-score of 6 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 6 mean?
AWL Agri Business (NSE:AWL) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AWL Agri Business and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, AWL Agri Business' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, AWL Agri Business ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 26.5%.
Is AWL Agri Business' Piotroski F-Score too high?
AWL Agri Business' current Piotroski F-Score of 6 is 14% below 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 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. AWL Agri Business' value of 6 is 20% above this industry median. Based on the distribution chart, AWL Agri Business ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, AWL Agri Business has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AWL Agri Business' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, AWL Agri Business ranks #507 out of 1911 companies for Piotroski F-Score. This puts AWL Agri Business in the upper half of its industry. The industry median Piotroski F-Score is 5.00. AWL Agri Business' value of 6 is 20% above this benchmark. Historically, AWL Agri Business' own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, AWL Agri Business 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 1,911 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. AWL Agri Business'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 AWL Agri Business 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. AWL Agri Business's current Piotroski F-Score is 6, which is 14% below 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 AWL Agri Business stock overvalued right now?
Based on GuruFocus' analysis, AWL Agri Business (NSE:AWL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹446.78, compared to a current price of ₹182.03 — trading 59.3% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Consumer Packaged Goods industry median of 5.00. AWL Agri Business' overall GF Score™ is 66/100 with 1 warning sign 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 AWL Agri Business (NSE:AWL), the current Piotroski F-Score is 6 as of Jun. 28, 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 AWL Agri Business (NSE:AWL) Overvalued in 2026?

Based on GuruFocus' analysis, AWL Agri Business stock appears to be undervalued. The current stock price of ₹182.03 is trading 59.3% below its estimated GF Value™ of ₹446.78. GuruFocus considers AWL Agri Business to be Significantly Undervalued.

Key valuation signals for NSE:AWL:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: ₹446.78 vs. price of ₹182.03 (59.3% below fair value)
  • GF Score™: 66/100 with 1 warning sign
  • Industry Position: 20% above the Consumer Packaged Goods median (#507 of 1911)

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


AWL Agri Business Business Description

Other Exchanges 543458:India
Address Near Navrangpura Railway Crossing, Fortune House, Ahmedabad, GJ, IND, 380 009
Adani Wilmar Ltd was a Joint venture between two world'wide corporate groups, Adani group - the leaders in Energy & Private Infrastructure Conglomerate and Wilmar Group- Agri business group. It is in the Fast-moving consumer goods(FMCG) business comprising mainly of Edible Oil and Food & FMCG Segment. It is also engaged in Industry Essential commodities such as Castor Derivatives, Oleo Derivatives, De-Oils Cake etc. It sells its entire range of packed products inedible oil and food FMCG segment under the following brands: Fortune, Kings, Raag, Alpha, Bullet, Fryola, Jubilee, Aadhar, Kohinoor, Charminar and Trophy. It has three segments Edible Oils; Food & FMCG; and Industry Essentials of which majority of revenue comes from Edible Oils. It generates majority of revenue Within India.
66GF Score

Get the complete analysis for NSE:AWL

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

₹182.03
Price
₹446.78
GF Value