Ramdevbaba Solvent (NSE:RBS) Piotroski F-Score: 3 (As of Jun. 29, 2026) — 25% Below Median


NSE:RBS Ramdevbaba Solvent Ltd NSE:RBS
12 GF Score
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! 5 Warning Signs
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What is Ramdevbaba Solvent Piotroski F-Score?

Ramdevbaba Solvent NSE:RBS -2.96% 12 Piotroski F-Score is 3 as of Jun. 29, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates NSE:RBS with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, Ramdevbaba Solvent ranks worse than 84.82% 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

Ramdevbaba Solvent 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 Ramdevbaba Solvent's Piotroski F-Score or its related term are showing as below:

NSE:RBS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 4
Current: 3

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

Ramdevbaba Solvent  (NSE:RBS) 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.


Ramdevbaba Solvent Piotroski F-Score Related Terms


Ramdevbaba Solvent Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ramdevbaba Solvent'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.

Ramdevbaba Solvent Piotroski F-Score Chart

Ramdevbaba Solvent Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 4.00 4.00 3.00

Ramdevbaba Solvent Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score N/A N/A 4.00 4.00 3.00

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

For the Packaged Foods subindustry, Ramdevbaba Solvent'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.


Ramdevbaba Solvent Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


NSE:RBS
12GF Score
Ramdevbaba Solvent Ltd NSE:RBS
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was ₹150 Mil.
Cash Flow from Operations was ₹-7 Mil.
Revenue was ₹9,287 Mil.
Gross Profit was ₹910 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (3286.411 + 4819.934) / 2 = ₹4053.1725 Mil.
Total Assets at the begining of this year (Mar24) was ₹3,286 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,974 Mil.
Total Current Assets was ₹1,764 Mil.
Total Current Liabilities was ₹1,138 Mil.
Net Income was ₹130 Mil.

Revenue was ₹6,864 Mil.
Gross Profit was ₹828 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (1906.261 + 3286.411) / 2 = ₹2596.336 Mil.
Total Assets at the begining of last year (Mar23) was ₹1,906 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,157 Mil.
Total Current Assets was ₹1,493 Mil.
Total Current Liabilities was ₹1,174 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.

Ramdevbaba Solvent's current Net Income (TTM) was 150. ==> 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.

Ramdevbaba Solvent's current Cash Flow from Operations (TTM) was -7. ==> 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 (Mar24)
=150.027/3286.411
=0.04565071

ROA (Last Year)=Net Income/Total Assets (Mar23)
=130.328/1906.261
=0.06836839

Ramdevbaba Solvent's return on assets of this year was 0.04565071. Ramdevbaba Solvent's return on assets of last year was 0.06836839. ==> 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.

Ramdevbaba Solvent's current Net Income (TTM) was 150. Ramdevbaba Solvent's current Cash Flow from Operations (TTM) was -7. ==> -7 <= 150 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1973.537/4053.1725
=0.48691167

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1156.66/2596.336
=0.44549704

Ramdevbaba Solvent's gearing of this year was 0.48691167. Ramdevbaba Solvent's gearing of last year was 0.44549704. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=1763.854/1138.429
=1.5493755

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1492.63/1174.291
=1.27109039

Ramdevbaba Solvent's current ratio of this year was 1.5493755. Ramdevbaba Solvent's current ratio of last year was 1.27109039. ==> 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.

Ramdevbaba Solvent's number of shares in issue this year was 21.86. Ramdevbaba Solvent's number of shares in issue last year was 22.125. ==> 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
=910.201/9286.882
=0.09800932

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=827.912/6864.404
=0.12060945

Ramdevbaba Solvent's gross margin of this year was 0.09800932. Ramdevbaba Solvent's gross margin of last year was 0.12060945. ==> 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 (Mar24)
=9286.882/3286.411
=2.82584315

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=6864.404/1906.261
=3.60097804

Ramdevbaba Solvent's asset turnover of this year was 2.82584315. Ramdevbaba Solvent's asset turnover of last year was 3.60097804. ==> 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+0+1+1+0+0
=3

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

Ramdevbaba Solvent 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?
Ramdevbaba Solvent (NSE:RBS) has a Piotroski F-Score of 3 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ramdevbaba Solvent and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Ramdevbaba Solvent's Piotroski F-Score has ranged from 3.00 to 4.00. According to the industry distribution chart, Ramdevbaba Solvent ranks #1620 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 84.8%.
Is Ramdevbaba Solvent's Piotroski F-Score too high?
Ramdevbaba Solvent's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 4.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Ramdevbaba Solvent's value of 3 is 40% below this industry median. Based on the distribution chart, Ramdevbaba Solvent ranks #1620 out of 1910 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Ramdevbaba Solvent has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Ramdevbaba Solvent's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ramdevbaba Solvent ranks #1620 out of 1910 companies for Piotroski F-Score. This places Ramdevbaba Solvent in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Ramdevbaba Solvent's value of 3 is 40% below this benchmark. Historically, Ramdevbaba Solvent's own Piotroski F-Score has ranged from 3.00 to 4.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Ramdevbaba Solvent 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,910 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. Ramdevbaba Solvent'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 Ramdevbaba Solvent 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. Ramdevbaba Solvent's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramdevbaba Solvent stock overvalued right now?
Ramdevbaba Solvent (NSE:RBS) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Consumer Packaged Goods industry median of 5.00. Ramdevbaba Solvent's overall GF Score™ is 12/100 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 Ramdevbaba Solvent (NSE:RBS), the current Piotroski F-Score is 3 as of Jun. 29, 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.

Ramdevbaba Solvent Business Description

Address Central Avenue Road, Honey Arjun Kaushalya Tower, 2nd Floor, Block No. 205 and 206, Telephone Exchange Chowk, Near HDFC Bank, Nagpur, MH, IND, 440008
Ramdevbaba Solvent Ltd is engaged in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil. It manufactures and sells Rice Bran Oil to FMCG companies. The company manufactures Rice Bran Oil under its own brands Tulsi and Sehat and sells through distributors who in turn sell to various retailers across Maharashtra. The company also produces De-oiled Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil, and sells the same as cattle feed, poultry feed, and fish feed in the States of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. The company generates all of its revenue from the sale of products.
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