Shri Ahimsa Naturals (NSE:SHRIAHIMSA) Piotroski F-Score: 4 (As of Jul. 23, 2026) — Near Median

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NSE:SHRIAHIMSA Shri Ahimsa Naturals Ltd NSE:SHRIAHIMSA
21 GF Score
Price ₹378.60
! 6 Warning Signs
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What is Shri Ahimsa Naturals Piotroski F-Score?

Shri Ahimsa Naturals NSE:SHRIAHIMSA -1.66% 21 Piotroski F-Score is 4 as of Jul. 23, 2026, which is at its 10-year median of 4.00. GuruFocus rates NSE:SHRIAHIMSA with a GF Score™ of 21/100. The stock has 6 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Shri Ahimsa Naturals ranks worse than 67% 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

Shri Ahimsa Naturals has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

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

During the past 3 years, the highest Piotroski F-Score of Shri Ahimsa Naturals was 4. The lowest was 4. And the median was 4.

Shri Ahimsa Naturals  (NSE:SHRIAHIMSA) 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.


Shri Ahimsa Naturals Piotroski F-Score Related Terms


Shri Ahimsa Naturals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shri Ahimsa Naturals'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.

Shri Ahimsa Naturals Piotroski F-Score Chart

Shri Ahimsa Naturals Annual Data
Trend Mar22 Mar23 Mar24
Piotroski F-Score
N/A N/A 4.00

Shri Ahimsa Naturals Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Sep25
Piotroski F-Score N/A N/A 4.00 0.00 0.00

NSE:SHRIAHIMSA vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Shri Ahimsa Naturals'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.


Shri Ahimsa Naturals Piotroski F-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Shri Ahimsa Naturals's Piotroski F-Score falls into.


NSE:SHRIAHIMSA
21GF Score
Shri Ahimsa Naturals Ltd NSE:SHRIAHIMSA
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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was ₹186.7 Mil.
Cash Flow from Operations was ₹56.9 Mil.
Revenue was ₹779.8 Mil.
Gross Profit was ₹363.1 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (741.267 + 1031.521) / 2 = ₹886.394 Mil.
Total Assets at the begining of this year (Mar23) was ₹741.3 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Total Current Assets was ₹530.9 Mil.
Total Current Liabilities was ₹172.1 Mil.
Net Income was ₹382.1 Mil.

Revenue was ₹1,038.6 Mil.
Gross Profit was ₹592.6 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (403.398 + 741.267) / 2 = ₹572.3325 Mil.
Total Assets at the begining of last year (Mar22) was ₹403.4 Mil.
Long-Term Debt & Capital Lease Obligation was ₹8.5 Mil.
Total Current Assets was ₹381.5 Mil.
Total Current Liabilities was ₹60.3 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.

Shri Ahimsa Naturals's current Net Income (TTM) was 186.7. ==> 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.

Shri Ahimsa Naturals's current Cash Flow from Operations (TTM) was 56.9. ==> 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)
=186.673/741.267
=0.25182964

ROA (Last Year)=Net Income/Total Assets (Mar22)
=382.08/403.398
=0.94715393

Shri Ahimsa Naturals's return on assets of this year was 0.25182964. Shri Ahimsa Naturals's return on assets of last year was 0.94715393. ==> 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.

Shri Ahimsa Naturals's current Net Income (TTM) was 186.7. Shri Ahimsa Naturals's current Cash Flow from Operations (TTM) was 56.9. ==> 56.9 <= 186.7 ==> 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
=0/886.394
=0

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=8.467/572.3325
=0.01479385

Shri Ahimsa Naturals's gearing of this year was 0. Shri Ahimsa Naturals's gearing of last year was 0.01479385. ==> 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
=530.939/172.122
=3.08466669

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=381.541/60.299
=6.3274847

Shri Ahimsa Naturals's current ratio of this year was 3.08466669. Shri Ahimsa Naturals's current ratio of last year was 6.3274847. ==> 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.

Shri Ahimsa Naturals's number of shares in issue this year was 23.33. Shri Ahimsa Naturals's number of shares in issue last year was 23.33. ==> 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
=363.134/779.769
=0.46569433

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=592.618/1038.591
=0.57059805

Shri Ahimsa Naturals's gross margin of this year was 0.46569433. Shri Ahimsa Naturals's gross margin of last year was 0.57059805. ==> 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)
=779.769/741.267
=1.0519408

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=1038.591/403.398
=2.57460622

Shri Ahimsa Naturals's asset turnover of this year was 1.0519408. Shri Ahimsa Naturals's asset turnover of last year was 2.57460622. ==> 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+0+1+0+0
=4

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

Shri Ahimsa Naturals has an F-score of 4 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 4 mean?
Shri Ahimsa Naturals (NSE:SHRIAHIMSA) has a Piotroski F-Score of 4 as of Jul. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shri Ahimsa Naturals and its competitors. This is near median its historical median of 4.00. Over the past decade, Shri Ahimsa Naturals' Piotroski F-Score has ranged from 4.00 to 4.00. According to the industry distribution chart, Shri Ahimsa Naturals ranks #1281 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 67%.
Is Shri Ahimsa Naturals' Piotroski F-Score too high?
Shri Ahimsa Naturals' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 4.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Shri Ahimsa Naturals' value of 4 is 20% below this industry median. Based on the distribution chart, Shri Ahimsa Naturals ranks #1281 out of 1912 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Shri Ahimsa Naturals has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Shri Ahimsa Naturals' Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Shri Ahimsa Naturals ranks #1281 out of 1912 companies for Piotroski F-Score. This places Shri Ahimsa Naturals in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Shri Ahimsa Naturals' value of 4 is 20% below this benchmark. Historically, Shri Ahimsa Naturals' own Piotroski F-Score has ranged from 4.00 to 4.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Shri Ahimsa Naturals 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 1,912 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. Shri Ahimsa Naturals's current Piotroski F-Score of 4 is 20% 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 Shri Ahimsa Naturals 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. Shri Ahimsa Naturals's current Piotroski F-Score is 4, which is near 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 Shri Ahimsa Naturals stock overvalued right now?
Shri Ahimsa Naturals (NSE:SHRIAHIMSA) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Shri Ahimsa Naturals' overall GF Score™ is 21/100 with 6 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 Shri Ahimsa Naturals (NSE:SHRIAHIMSA), the current Piotroski F-Score is 4 as of Jul. 23, 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.

Shri Ahimsa Naturals Business Description

Address E-94, RIICO Industrial Area, Bagru Extension, Bagru, Jaipur, RJ, IND, 303007
Shri Ahimsa Naturals Ltd is presently engaged in the extraction and manufacturing of Caffeine Anhydrous Natural, Green Coffee Bean Extracts (GCE), and Crude Caffeine, along with trading of other herbal extracts. Its products find their application in the food & beverage, nutraceuticals, cosmetics, and pharmaceutical industries due to its health benefits. Its products include Ashwagandha, CO2 & Water Extracted Caffeine, Curcumin Extract, Garcinia Cambogia, Senna Extract, Natural Caffeine, and Green Coffee Bean Extract. Geographically, the company generates a majority of its revenue from its business within India, and also exports its products outside India.
21GF Score

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