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Osia Hyper Retail (NSE:OSIAHYPER) Piotroski F-Score : 0 (As of Apr. 27, 2025)


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What is Osia Hyper Retail Piotroski F-Score?

The zones of discrimination were as such:

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

Osia Hyper Retail 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 Osia Hyper Retail's Piotroski F-Score or its related term are showing as below:


Osia Hyper Retail Piotroski F-Score Historical Data

The historical data trend for Osia Hyper Retail'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.

* Premium members only.

Osia Hyper Retail Piotroski F-Score Chart

Osia Hyper Retail Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 3.00 4.00 6.00 5.00 6.00

Osia Hyper Retail Quarterly Data
Mar16 Mar17 Mar18 Nov18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.00 - - - 6.00

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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was ₹183 Mil.
Cash Flow from Operations was ₹93 Mil.
Revenue was ₹11,445 Mil.
Gross Profit was ₹1,843 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (4354.91 + 5475.487) / 2 = ₹4915.1985 Mil.
Total Assets at the begining of this year (Mar23) was ₹4,355 Mil.
Long-Term Debt & Capital Lease Obligation was ₹230 Mil.
Total Current Assets was ₹4,635 Mil.
Total Current Liabilities was ₹2,157 Mil.
Net Income was ₹95 Mil.

Revenue was ₹7,388 Mil.
Gross Profit was ₹1,686 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (3811.296 + 4354.91) / 2 = ₹4083.103 Mil.
Total Assets at the begining of last year (Mar22) was ₹3,811 Mil.
Long-Term Debt & Capital Lease Obligation was ₹280 Mil.
Total Current Assets was ₹3,622 Mil.
Total Current Liabilities was ₹1,831 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.

Osia Hyper Retail's current Net Income (TTM) was 183. ==> 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.

Osia Hyper Retail's current Cash Flow from Operations (TTM) was 93. ==> 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 (Mar23)
=182.976/4354.91
=0.04201602

ROA (Last Year)=Net Income/Total Assets (Mar22)
=95.014/3811.296
=0.02492958

Osia Hyper Retail's return on assets of this year was 0.04201602. Osia Hyper Retail's return on assets of last year was 0.02492958. ==> 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.

Osia Hyper Retail's current Net Income (TTM) was 183. Osia Hyper Retail's current Cash Flow from Operations (TTM) was 93. ==> 93 <= 183 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=229.812/4915.1985
=0.04675539

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=280.233/4083.103
=0.06863236

Osia Hyper Retail's gearing of this year was 0.04675539. Osia Hyper Retail's gearing of last year was 0.06863236. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=4634.593/2157.467
=2.14816403

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=3621.923/1831.114
=1.97798881

Osia Hyper Retail's current ratio of this year was 2.14816403. Osia Hyper Retail's current ratio of last year was 1.97798881. ==> 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.

Osia Hyper Retail's number of shares in issue this year was 128.7. Osia Hyper Retail's number of shares in issue last year was 14. ==> 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
=1843.007/11444.745
=0.16103522

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1686.349/7388.167
=0.22824998

Osia Hyper Retail's gross margin of this year was 0.16103522. Osia Hyper Retail's gross margin of last year was 0.22824998. ==> 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 (Mar23)
=11444.745/4354.91
=2.62800953

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=7388.167/3811.296
=1.93849205

Osia Hyper Retail's asset turnover of this year was 2.62800953. Osia Hyper Retail's asset turnover of last year was 1.93849205. ==> 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+0+1+1+0+0+1
=6

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

Osia Hyper Retail has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Osia Hyper Retail  (NSE:OSIAHYPER) 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.


Osia Hyper Retail Piotroski F-Score Related Terms

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Osia Hyper Retail Business Description

Traded in Other Exchanges
N/A
Address
OsiaHyperMart, Sarkhej - Gandhinagar Highway, Devarc Mall (Basement), Ahmedabad, GJ, IND, 380051
Osia Hyper Retail Ltd operates as a shopping center. It offers product such as Menswear, Women's wear, Kid's wear, Footwear, Cosmetics, Perfumes and Handbags, Household Accessories, lingerie, Gifts, FMCG, crockery, Handicrafts, utensils, handlooms, etc.

Osia Hyper Retail Headlines

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