Advit Jewels (NSE:RAMBHAJO) Piotroski F-Score: 6 (As of Sep. 11, 2026) — 20% Above Median

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NSE:RAMBHAJO Advit Jewels Ltd NSE:RAMBHAJO
21 GF Score
Price ₹267.51
! 7 Warning Signs
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What is Advit Jewels Piotroski F-Score?

Advit Jewels NSE:RAMBHAJO -3.77% 21 Piotroski F-Score is 6 as of Sep. 11, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates NSE:RAMBHAJO with a GF Score™ of 21/100. The stock has 7 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Advit Jewels ranks better than 69.85% 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

Advit Jewels 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 Advit Jewels's Piotroski F-Score or its related term are showing as below:

NSE:RAMBHAJO' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 6

During the past 4 years, the highest Piotroski F-Score of Advit Jewels was 6. The lowest was 3. And the median was 5.

Advit Jewels  (NSE:RAMBHAJO) 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.


Advit Jewels Piotroski F-Score Related Terms


Advit Jewels Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Advit Jewels'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.

Advit Jewels Piotroski F-Score Chart

Advit Jewels Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 3.00 6.00

Advit Jewels Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Piotroski F-Score N/A N/A 3.00 6.00

NSE:RAMBHAJO vs TPR: Piotroski F-Score Comparison

For the Luxury Goods subindustry, Advit Jewels'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.


Advit Jewels Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Advit Jewels's Piotroski F-Score distribution charts can be found below:

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


NSE:RAMBHAJO
21GF Score
Advit Jewels Ltd NSE:RAMBHAJO
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 ₹344 Mil.
Cash Flow from Operations was ₹133 Mil.
Revenue was ₹1,670 Mil.
Gross Profit was ₹570 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1408.54 + 1717.625) / 2 = ₹1563.0825 Mil.
Total Assets at the begining of this year (Mar25) was ₹1,409 Mil.
Long-Term Debt & Capital Lease Obligation was ₹107 Mil.
Total Current Assets was ₹1,514 Mil.
Total Current Liabilities was ₹684 Mil.
Net Income was ₹254 Mil.

Revenue was ₹1,249 Mil.
Gross Profit was ₹411 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (672.093 + 1408.54) / 2 = ₹1040.3165 Mil.
Total Assets at the begining of last year (Mar24) was ₹672 Mil.
Long-Term Debt & Capital Lease Obligation was ₹110 Mil.
Total Current Assets was ₹1,261 Mil.
Total Current Liabilities was ₹716 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.

Advit Jewels's current Net Income (TTM) was 344. ==> 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.

Advit Jewels's current Cash Flow from Operations (TTM) was 133. ==> 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)
=343.879/1408.54
=0.24413861

ROA (Last Year)=Net Income/Total Assets (Mar24)
=253.671/672.093
=0.37743437

Advit Jewels's return on assets of this year was 0.24413861. Advit Jewels's return on assets of last year was 0.37743437. ==> 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.

Advit Jewels's current Net Income (TTM) was 344. Advit Jewels's current Cash Flow from Operations (TTM) was 133. ==> 133 <= 344 ==> 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
=106.764/1563.0825
=0.0683035

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=110.141/1040.3165
=0.10587259

Advit Jewels's gearing of this year was 0.0683035. Advit Jewels's gearing of last year was 0.10587259. ==> 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
=1514.101/684.229
=2.2128571

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1260.615/716.216
=1.76010449

Advit Jewels's current ratio of this year was 2.2128571. Advit Jewels's current ratio of last year was 1.76010449. ==> 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.

Advit Jewels's number of shares in issue this year was 45.81. Advit Jewels's number of shares in issue last year was 45.81. ==> 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
=569.973/1670.156
=0.34126932

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=410.916/1249.373
=0.32889778

Advit Jewels's gross margin of this year was 0.34126932. Advit Jewels's gross margin of last year was 0.32889778. ==> This year's gross margin is higher. ==> Score 1.

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)
=1670.156/1408.54
=1.18573558

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1249.373/672.093
=1.85892875

Advit Jewels's asset turnover of this year was 1.18573558. Advit Jewels's asset turnover of last year was 1.85892875. ==> 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+1+0+0+1+1+1+1+0
=6

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

Advit Jewels 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?
Advit Jewels (NSE:RAMBHAJO) has a Piotroski F-Score of 6 as of Sep. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Advit Jewels and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Advit Jewels' Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Advit Jewels ranks #332 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 30.2%.
Is Advit Jewels' Piotroski F-Score too high?
Advit Jewels' current Piotroski F-Score of 6 is 20% above 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 6.00. The Retail - Cyclical industry median Piotroski F-Score is 6.00. Advit Jewels' value of 6 is 0% at this industry median. Based on the distribution chart, Advit Jewels ranks #332 out of 1101 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Advit Jewels has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Advit Jewels' Piotroski F-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Advit Jewels ranks #332 out of 1101 companies for Piotroski F-Score. This puts Advit Jewels in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Advit Jewels' value of 6 is 0% at this benchmark. Historically, Advit Jewels' own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Advit Jewels has consistently been at 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,101 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. Advit Jewels's current Piotroski F-Score of 6 is 0% at 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 Advit Jewels and its competitors. For the Retail - Cyclical industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advit Jewels's current Piotroski F-Score is 6, which is 20% above 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 Advit Jewels stock overvalued right now?
Advit Jewels (NSE:RAMBHAJO) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the Retail - Cyclical industry median of 6.00. Advit Jewels' overall GF Score™ is 21/100 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 Advit Jewels (NSE:RAMBHAJO), the current Piotroski F-Score is 6 as of Sep. 11, 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.

Advit Jewels Business Description

Other Exchanges 544803:India
Address Plot No 4, Jamna Lal Bajaj Marg, Flat No 201 and Basement, Pearl Premier, C-Scheme, Ashok Nagar - Jaipur, Jaipur, RJ, IND, 302001
Advit Jewels Ltd is engaged in the business of manufacturing gold ornaments and jewellery, specializing in Kundan, Polki, Diamond and Studded pieces, under the brand name "Rambhajo". Its offerings include necklaces, earrings, rings, bangles and customized jewellery pieces. The company uses materials including gold, diamonds, Polki, and coloured stones in its products. The majority of its revenue is derived from the sale of Necklace Sets, Chick Sets, Bracelets and Bangles, Earring sets and Pendant Sets.
21GF Score

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

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