Kaveri Seed Co (NSE:KSCL) Piotroski F-Score: 3 (As of Jul. 25, 2026) — 50% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:KSCL Kaveri Seed Co Ltd NSE:KSCL
90 GF Score
Price ₹835.50
GF Value ₹1,134.68
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Kaveri Seed Co Piotroski F-Score?

Kaveri Seed Co NSE:KSCL +0.81% 90 Piotroski F-Score is 3 as of Jul. 25, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates NSE:KSCL with a GF Score™ of 90/100 and a GF Value™ of ₹1,134.68 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 251 Agriculture companies, Kaveri Seed Co ranks worse than 78.09% 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

Kaveri Seed Co 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 Kaveri Seed Co's Piotroski F-Score or its related term are showing as below:

NSE:KSCL' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Kaveri Seed Co was 8. The lowest was 3. And the median was 6.

Kaveri Seed Co  (NSE:KSCL) 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.


Kaveri Seed Co Piotroski F-Score Related Terms


Kaveri Seed Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kaveri Seed 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.

Kaveri Seed Co Piotroski F-Score Chart

Kaveri Seed 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 5.00 8.00 7.00 5.00 3.00

Kaveri Seed 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 5.00 0.00 0.00 0.00 3.00

NSE:KSCL vs CTVA, CF, MOS: Piotroski F-Score Comparison

For the Agricultural Inputs subindustry, Kaveri Seed 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.


Kaveri Seed Co Piotroski F-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Kaveri Seed Co's Piotroski F-Score distribution charts can be found below:

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


NSE:KSCL
90GF Score
Kaveri Seed Co Ltd NSE:KSCL
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 ₹2,958 Mil.
Cash Flow from Operations was ₹-65 Mil.
Revenue was ₹13,948 Mil.
Gross Profit was ₹6,682 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (26534.205 + 27588.906) / 2 = ₹27061.5555 Mil.
Total Assets at the begining of this year (Mar25) was ₹26,534 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹20,495 Mil.
Total Current Liabilities was ₹9,587 Mil.
Net Income was ₹2,813 Mil.

Revenue was ₹12,050 Mil.
Gross Profit was ₹5,920 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (20515.289 + 26534.205) / 2 = ₹23524.747 Mil.
Total Assets at the begining of last year (Mar24) was ₹20,515 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹20,478 Mil.
Total Current Liabilities was ₹10,984 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.

Kaveri Seed Co's current Net Income (TTM) was 2,958. ==> 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.

Kaveri Seed Co's current Cash Flow from Operations (TTM) was -65. ==> 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)
=2958.415/26534.205
=0.11149439

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2813.269/20515.289
=0.13713036

Kaveri Seed Co's return on assets of this year was 0.11149439. Kaveri Seed Co's return on assets of last year was 0.13713036. ==> 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.

Kaveri Seed Co's current Net Income (TTM) was 2,958. Kaveri Seed Co's current Cash Flow from Operations (TTM) was -65. ==> -65 <= 2,958 ==> 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
=0/27061.5555
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/23524.747
=0

Kaveri Seed Co's gearing of this year was 0. Kaveri Seed Co'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
=20494.719/9587.192
=2.13771864

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=20477.651/10983.517
=1.86439835

Kaveri Seed Co's current ratio of this year was 2.13771864. Kaveri Seed Co's current ratio of last year was 1.86439835. ==> 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.

Kaveri Seed Co's number of shares in issue this year was 51.957. Kaveri Seed Co's number of shares in issue last year was 51.058. ==> 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
=6681.777/13947.626
=0.47906196

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5920.103/12049.704
=0.49130692

Kaveri Seed Co's gross margin of this year was 0.47906196. Kaveri Seed Co's gross margin of last year was 0.49130692. ==> 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)
=13947.626/26534.205
=0.52564703

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12049.704/20515.289
=0.58735239

Kaveri Seed Co's asset turnover of this year was 0.52564703. Kaveri Seed Co's asset turnover of last year was 0.58735239. ==> 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+1+1+0+0+0
=3

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

Kaveri Seed Co 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?
Kaveri Seed Co (NSE:KSCL) has a Piotroski F-Score of 3 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kaveri Seed Co and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Kaveri Seed Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Kaveri Seed Co ranks #196 out of 251 companies in the Agriculture industry, placing it in the top 78.1%.
Is Kaveri Seed Co's Piotroski F-Score too high?
Kaveri Seed Co's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Agriculture industry median Piotroski F-Score is 5.00. Kaveri Seed Co's value of 3 is 40% below this industry median. Based on the distribution chart, Kaveri Seed Co ranks #196 out of 251 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Kaveri Seed Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kaveri Seed Co's Piotroski F-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Kaveri Seed Co ranks #196 out of 251 companies for Piotroski F-Score. This places Kaveri Seed Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kaveri Seed Co's value of 3 is 40% below this benchmark. Historically, Kaveri Seed Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kaveri Seed 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 an Agriculture company?
The median Piotroski F-Score among Agriculture companies is 5.00, based on 251 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. Kaveri Seed Co'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 Kaveri Seed Co and its competitors. For the Agriculture 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. Kaveri Seed Co's current Piotroski F-Score is 3, which is 50% 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 Kaveri Seed Co stock overvalued right now?
Based on GuruFocus' analysis, Kaveri Seed Co (NSE:KSCL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,134.68, compared to a current price of ₹835.50 — trading 26.4% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Agriculture industry median of 5.00. Kaveri Seed Co's overall GF Score™ is 90/100 with 5 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 Kaveri Seed Co (NSE:KSCL), the current Piotroski F-Score is 3 as of Jul. 25, 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 Kaveri Seed Co (NSE:KSCL) Overvalued in 2026?

Based on GuruFocus' analysis, Kaveri Seed Co stock appears to be undervalued. The current stock price of ₹835.50 is trading 26.4% below its estimated GF Value™ of ₹1,134.68. GuruFocus considers Kaveri Seed Co to be Modestly Undervalued.

Key valuation signals for NSE:KSCL:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: ₹1,134.68 vs. price of ₹835.50 (26.4% below fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 40% below the Agriculture median (#196 of 251)

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


Kaveri Seed Co Business Description

Other Exchanges 532899:India
Address S.D. Road, 513-B, 5th Floor, Minerva Complex, Secunderabad, TG, IND, 500003
Kaveri Seed Co Ltd is an Indian seed company. It is engaged in the production and distribution of high-quality hybrid seeds. The company's operating segment includes Seeds; Micronutrients and Vegetables. It generates maximum revenue from the Seeds segment. The company's field crop products include corn, paddy, cotton, sunflower, mustard, sorghum, pulses, bajra, and wheat whereas vegetable products include tomatoes, okra, chilies, watermelon, gourds, and brinjal. The company operates in a single principal geographical area which is India.
90GF Score

Get the complete analysis for NSE:KSCL

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

₹835.50
Price
₹1,134.68
GF Value