Greenchef Appliances (NSE:GREENCHEF) Piotroski F-Score: 3 (As of Jul. 26, 2026) — 40% Below Median

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NSE:GREENCHEF Greenchef Appliances Ltd NSE:GREENCHEF
55 GF Score
Price ₹47.10
GF Value ₹80.55
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Greenchef Appliances Piotroski F-Score?

Greenchef Appliances NSE:GREENCHEF +0.21% 55 Piotroski F-Score is 3 as of Jul. 26, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates NSE:GREENCHEF with a GF Score™ of 55/100 and a GF Value™ of ₹80.55 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 424 Furnishings, Fixtures & Appliances companies, Greenchef Appliances ranks worse than 79.95% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Greenchef Appliances has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

NSE:GREENCHEF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

During the past 7 years, the highest Piotroski F-Score of Greenchef Appliances was 7. The lowest was 3. And the median was 5.

Greenchef Appliances  (NSE:GREENCHEF) 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.


Greenchef Appliances Piotroski F-Score Related Terms


Greenchef Appliances Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Greenchef Appliances'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.

Greenchef Appliances Piotroski F-Score Chart

Greenchef Appliances Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 7.00 7.00 4.00 5.00 3.00

Greenchef Appliances Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 7.00 7.00 4.00 5.00 3.00

NSE:GREENCHEF vs SN, SGI, MHK: Piotroski F-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Greenchef Appliances'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.


Greenchef Appliances Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Greenchef Appliances's Piotroski F-Score distribution charts can be found below:

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


NSE:GREENCHEF
55GF Score
Greenchef Appliances Ltd NSE:GREENCHEF
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 ₹-87 Mil.
Cash Flow from Operations was ₹170 Mil.
Revenue was ₹3,870 Mil.
Gross Profit was ₹1,164 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (3060.68 + 3087.1) / 2 = ₹3073.89 Mil.
Total Assets at the begining of this year (Mar25) was ₹3,061 Mil.
Long-Term Debt & Capital Lease Obligation was ₹251 Mil.
Total Current Assets was ₹1,853 Mil.
Total Current Liabilities was ₹1,708 Mil.
Net Income was ₹60 Mil.

Revenue was ₹3,726 Mil.
Gross Profit was ₹1,272 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2897.765 + 3060.68) / 2 = ₹2979.2225 Mil.
Total Assets at the begining of last year (Mar24) was ₹2,898 Mil.
Long-Term Debt & Capital Lease Obligation was ₹218 Mil.
Total Current Assets was ₹2,016 Mil.
Total Current Liabilities was ₹1,609 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.

Greenchef Appliances's current Net Income (TTM) was -87. ==> Negative ==> Score 0.

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.

Greenchef Appliances's current Cash Flow from Operations (TTM) was 170. ==> 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)
=-87.4/3060.68
=-0.02855575

ROA (Last Year)=Net Income/Total Assets (Mar24)
=59.5/2897.765
=0.02053307

Greenchef Appliances's return on assets of this year was -0.02855575. Greenchef Appliances's return on assets of last year was 0.02053307. ==> 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.

Greenchef Appliances's current Net Income (TTM) was -87. Greenchef Appliances's current Cash Flow from Operations (TTM) was 170. ==> 170 > -87 ==> 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
=250.9/3073.89
=0.08162296

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=218.38/2979.2225
=0.073301

Greenchef Appliances's gearing of this year was 0.08162296. Greenchef Appliances's gearing of last year was 0.073301. ==> 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
=1852.6/1707.6
=1.0849145

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2015.533/1609.049
=1.25262375

Greenchef Appliances's current ratio of this year was 1.0849145. Greenchef Appliances's current ratio of last year was 1.25262375. ==> 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.

Greenchef Appliances's number of shares in issue this year was 23.272. Greenchef Appliances's number of shares in issue last year was 23.272. ==> 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
=1163.6/3870.4
=0.30064076

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1272/3725.6
=0.34142152

Greenchef Appliances's gross margin of this year was 0.30064076. Greenchef Appliances's gross margin of last year was 0.34142152. ==> 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)
=3870.4/3060.68
=1.26455559

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3725.6/2897.765
=1.28568052

Greenchef Appliances's asset turnover of this year was 1.26455559. Greenchef Appliances's asset turnover of last year was 1.28568052. ==> 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
=0+1+0+1+0+0+1+0+0
=3

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

Greenchef Appliances has an F-score of 3. 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 3 mean?
Greenchef Appliances (NSE:GREENCHEF) has a Piotroski F-Score of 3 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Greenchef Appliances and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Greenchef Appliances' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Greenchef Appliances ranks #339 out of 424 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 80%.
Is Greenchef Appliances' Piotroski F-Score too high?
Greenchef Appliances' current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. Greenchef Appliances' value of 3 is 40% below this industry median. Based on the distribution chart, Greenchef Appliances ranks #339 out of 424 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Greenchef Appliances has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Greenchef Appliances' Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Greenchef Appliances ranks #339 out of 424 companies for Piotroski F-Score. This places Greenchef Appliances in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Greenchef Appliances' value of 3 is 40% below this benchmark. Historically, Greenchef Appliances' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Greenchef Appliances 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 Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 424 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. Greenchef Appliances's current Piotroski F-Score of 3 is 40% 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 Greenchef Appliances and its competitors. For the Furnishings, Fixtures & Appliances 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. Greenchef Appliances's current Piotroski F-Score is 3, which is 40% below 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 Greenchef Appliances stock overvalued right now?
Based on GuruFocus' analysis, Greenchef Appliances (NSE:GREENCHEF) is currently considered Possible Value Trap. The stock's GF Value™ is ₹80.55, compared to a current price of ₹47.10 — trading 41.5% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Furnishings, Fixtures & Appliances industry median of 5.00. Greenchef Appliances' overall GF Score™ is 55/100 with 7 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 Greenchef Appliances (NSE:GREENCHEF), the current Piotroski F-Score is 3 as of Jul. 26, 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 Greenchef Appliances (NSE:GREENCHEF) Overvalued in 2026?

Based on GuruFocus' analysis, Greenchef Appliances stock appears to be undervalued. The current stock price of ₹47.10 is trading 41.5% below its estimated GF Value™ of ₹80.55. GuruFocus considers Greenchef Appliances to be Possible Value Trap.

Key valuation signals for NSE:GREENCHEF:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: ₹80.55 vs. price of ₹47.10 (41.5% below fair value)
  • GF Score™: 55/100 with 7 warning signs
  • Industry Position: 40% below the Furnishings, Fixtures & Appliances median (#339 of 424)

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


Greenchef Appliances Business Description

Address Niduvanda Village, Sompura Hobli, Plot No. 246, Sompura 1st Stage, Sy No. 133 and 141, Nelamangala Taluk, Devarahosahalli, Bangalore Rural, Nelamangala, KA, IND, 562111
Greenchef Appliances Ltd is engaged in the business of manufacturing and marketing a wide range of kitchen appliances under the brand name Greenchef. Its product portfolio comprises gas stoves, aluminium and stainless steel pressure cookers, mixer grinders, non-stick cookware, induction cooktops, rice cookers, and home appliances such as fans, geysers, irons, mops, etc. The company's products cater to a variety of needs and preferences of its customers.
55GF Score

Get the complete analysis for NSE:GREENCHEF

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

₹47.10
Price
₹80.55
GF Value