Siddhi Cotspin (NSE:SIDDHICOTS) Piotroski F-Score: 8 (As of Aug. 17, 2026) — 14% Above Median

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NSE:SIDDHICOTS Siddhi Cotspin Ltd NSE:SIDDHICOTS
20 GF Score
Price ₹28.00
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What is Siddhi Cotspin Piotroski F-Score?

Siddhi Cotspin NSE:SIDDHICOTS 20 Piotroski F-Score is 8 as of Aug. 17, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates NSE:SIDDHICOTS with a GF Score™ of 20/100. Among 1,045 Manufacturing - Apparel & Accessories companies, Siddhi Cotspin ranks better than 98.47% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Siddhi Cotspin has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

NSE:SIDDHICOTS' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 8
Current: 8

During the past 5 years, the highest Piotroski F-Score of Siddhi Cotspin was 8. The lowest was 6. And the median was 7.

Siddhi Cotspin  (NSE:SIDDHICOTS) 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.


Siddhi Cotspin Piotroski F-Score Related Terms


Siddhi Cotspin Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Siddhi Cotspin'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.

Siddhi Cotspin Piotroski F-Score Chart

Siddhi Cotspin Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 6.00 7.00 8.00

Siddhi Cotspin Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score N/A N/A 6.00 7.00 8.00

Siddhi Cotspin Piotroski F-Score Competitor Comparison

For the Textile Manufacturing subindustry, Siddhi Cotspin'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.


Siddhi Cotspin Piotroski F-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Siddhi Cotspin's Piotroski F-Score distribution charts can be found below:

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


NSE:SIDDHICOTS
20GF Score
Siddhi Cotspin Ltd NSE:SIDDHICOTS
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was ₹131 Mil.
Cash Flow from Operations was ₹290 Mil.
Revenue was ₹7,245 Mil.
Gross Profit was ₹447 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (1812.538 + 1828.304) / 2 = ₹1820.421 Mil.
Total Assets at the begining of this year (Mar24) was ₹1,813 Mil.
Long-Term Debt & Capital Lease Obligation was ₹230 Mil.
Total Current Assets was ₹1,243 Mil.
Total Current Liabilities was ₹768 Mil.
Net Income was ₹122 Mil.

Revenue was ₹5,809 Mil.
Gross Profit was ₹460 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (1841.257 + 1812.538) / 2 = ₹1826.8975 Mil.
Total Assets at the begining of last year (Mar23) was ₹1,841 Mil.
Long-Term Debt & Capital Lease Obligation was ₹391 Mil.
Total Current Assets was ₹1,130 Mil.
Total Current Liabilities was ₹714 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.

Siddhi Cotspin's current Net Income (TTM) was 131. ==> 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.

Siddhi Cotspin's current Cash Flow from Operations (TTM) was 290. ==> 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 (Mar24)
=130.841/1812.538
=0.07218662

ROA (Last Year)=Net Income/Total Assets (Mar23)
=121.829/1841.257
=0.06616621

Siddhi Cotspin's return on assets of this year was 0.07218662. Siddhi Cotspin's return on assets of last year was 0.06616621. ==> 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.

Siddhi Cotspin's current Net Income (TTM) was 131. Siddhi Cotspin's current Cash Flow from Operations (TTM) was 290. ==> 290 > 131 ==> CFROA > ROA ==> Score 1.

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
=229.965/1820.421
=0.12632517

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=391.138/1826.8975
=0.21409959

Siddhi Cotspin's gearing of this year was 0.12632517. Siddhi Cotspin's gearing of last year was 0.21409959. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=1242.955/767.708
=1.61904656

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1129.743/714.231
=1.58176136

Siddhi Cotspin's current ratio of this year was 1.61904656. Siddhi Cotspin's current ratio of last year was 1.58176136. ==> 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.

Siddhi Cotspin's number of shares in issue this year was 24.406. Siddhi Cotspin's number of shares in issue last year was 24.406. ==> 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
=447.29/7245.445
=0.06173396

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=459.901/5808.875
=0.07917213

Siddhi Cotspin's gross margin of this year was 0.06173396. Siddhi Cotspin's gross margin of last year was 0.07917213. ==> 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)
=7245.445/1812.538
=3.99740309

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=5808.875/1841.257
=3.15484205

Siddhi Cotspin's asset turnover of this year was 3.99740309. Siddhi Cotspin's asset turnover of last year was 3.15484205. ==> 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+1+1+1+1+0+1
=8

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

Siddhi Cotspin has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Siddhi Cotspin (NSE:SIDDHICOTS) has a Piotroski F-Score of 8 as of Aug. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Siddhi Cotspin and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Siddhi Cotspin's Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Siddhi Cotspin ranks #16 out of 1045 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 1.5%.
Is Siddhi Cotspin's Piotroski F-Score too high?
Siddhi Cotspin's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Manufacturing - Apparel & Accessories industry median Piotroski F-Score is 5.00. Siddhi Cotspin's value of 8 is 60% above this industry median. Based on the distribution chart, Siddhi Cotspin ranks #16 out of 1045 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Siddhi Cotspin has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Siddhi Cotspin's Piotroski F-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Siddhi Cotspin ranks #16 out of 1045 companies for Piotroski F-Score. This places Siddhi Cotspin in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Siddhi Cotspin's value of 8 is 60% above this benchmark. Historically, Siddhi Cotspin's own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Siddhi Cotspin has consistently been above 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 Manufacturing - Apparel & Accessories company?
The median Piotroski F-Score among Manufacturing - Apparel & Accessories companies is 5.00, based on 1,045 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. Siddhi Cotspin's current Piotroski F-Score of 8 is 60% above 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 Siddhi Cotspin and its competitors. For the Manufacturing - Apparel & Accessories 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. Siddhi Cotspin's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siddhi Cotspin stock overvalued right now?
Siddhi Cotspin (NSE:SIDDHICOTS) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Manufacturing - Apparel & Accessories industry median of 5.00. Siddhi Cotspin's overall GF Score™ is 20/100. 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 Siddhi Cotspin (NSE:SIDDHICOTS), the current Piotroski F-Score is 8 as of Aug. 17, 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.

Siddhi Cotspin Business Description

Address Near Gokulesh Petrol Pump, 322, 3rd Floor, Swaminarayan Plaza - 1, Narol, Ahmedabad, GJ, IND, 382405
Siddhi Cotspin Ltd is engaged in manufacturing and selling of Cotton Yarns. Its manufacturing process adheres to stringent quality standards and is backed by developed technology and machinery. The company manufactures various value added cotton yarns like Compact Carded Hosiery, Compact Combed Hosiery, Compact Carded Weaving, Compact Comb Weaving, Carded Weaving, Combed Weaving, Carded Hosiery, Combed Hosiery, Eli KW, Eli CW, Slub Yarn, Siro Slub Yarn, CSY-Lycra-Core Spin Yarn (Spandex), TFO Yarn - Double etc.
20GF 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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