Srivari Spices and Foods (NSE:SSFL) Piotroski F-Score: 5 (As of Jun. 27, 2026) — Near Median


NSE:SSFL Srivari Spices and Foods Ltd NSE:SSFL
66 GF Score
Price ₹254.40
GF Value ₹487.08
Valuation Possible Value Trap
! 7 Warning Signs
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What is Srivari Spices and Foods Piotroski F-Score?

Srivari Spices and Foods NSE:SSFL +4.99% 66 Piotroski F-Score is 5 as of Jun. 27, 2026, which is at its 10-year median of 5.00. GuruFocus rates NSE:SSFL with a GF Score™ of 66/100 and a GF Value™ of ₹487.08 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Srivari Spices and Foods ranks better than 52.07% 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

Srivari Spices and Foods has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

NSE:SSFL' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 5

During the past 6 years, the highest Piotroski F-Score of Srivari Spices and Foods was 6. The lowest was 4. And the median was 5.

Srivari Spices and Foods  (NSE:SSFL) 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.


Srivari Spices and Foods Piotroski F-Score Related Terms


Srivari Spices and Foods Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Srivari Spices and Foods'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.

Srivari Spices and Foods Piotroski F-Score Chart

Srivari Spices and Foods Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 4.00 4.00 5.00

Srivari Spices and Foods Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 4.00 0.00 4.00 0.00 5.00

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

For the Packaged Foods subindustry, Srivari Spices and Foods'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.


Srivari Spices and Foods Piotroski F-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Srivari Spices and Foods's Piotroski F-Score falls into.


NSE:SSFL
66GF Score
Srivari Spices and Foods Ltd NSE:SSFL
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹162 Mil.
Cash Flow from Operations was ₹-143 Mil.
Revenue was ₹1,744 Mil.
Gross Profit was ₹515 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (827.184 + 1219.05) / 2 = ₹1023.117 Mil.
Total Assets at the begining of this year (Mar25) was ₹827 Mil.
Long-Term Debt & Capital Lease Obligation was ₹62 Mil.
Total Current Assets was ₹1,032 Mil.
Total Current Liabilities was ₹412 Mil.
Net Income was ₹95 Mil.

Revenue was ₹1,138 Mil.
Gross Profit was ₹327 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (548.597 + 827.184) / 2 = ₹687.8905 Mil.
Total Assets at the begining of last year (Mar24) was ₹549 Mil.
Long-Term Debt & Capital Lease Obligation was ₹77 Mil.
Total Current Assets was ₹568 Mil.
Total Current Liabilities was ₹159 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.

Srivari Spices and Foods's current Net Income (TTM) was 162. ==> 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.

Srivari Spices and Foods's current Cash Flow from Operations (TTM) was -143. ==> 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 (Mar25)
=162.349/827.184
=0.19626709

ROA (Last Year)=Net Income/Total Assets (Mar24)
=95.201/548.597
=0.1735354

Srivari Spices and Foods's return on assets of this year was 0.19626709. Srivari Spices and Foods's return on assets of last year was 0.1735354. ==> 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.

Srivari Spices and Foods's current Net Income (TTM) was 162. Srivari Spices and Foods's current Cash Flow from Operations (TTM) was -143. ==> -143 <= 162 ==> 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
=61.87/1023.117
=0.06047207

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=76.594/687.8905
=0.11134621

Srivari Spices and Foods's gearing of this year was 0.06047207. Srivari Spices and Foods's gearing of last year was 0.11134621. ==> 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
=1032.484/412.396
=2.50362273

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=567.726/159.213
=3.56582691

Srivari Spices and Foods's current ratio of this year was 2.50362273. Srivari Spices and Foods's current ratio of last year was 3.56582691. ==> 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.

Srivari Spices and Foods's number of shares in issue this year was 8.57. Srivari Spices and Foods's number of shares in issue last year was 7.815. ==> 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
=515.362/1744.215
=0.29546931

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=326.981/1138.054
=0.28731589

Srivari Spices and Foods's gross margin of this year was 0.29546931. Srivari Spices and Foods's gross margin of last year was 0.28731589. ==> 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)
=1744.215/827.184
=2.10861791

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1138.054/548.597
=2.0744809

Srivari Spices and Foods's asset turnover of this year was 2.10861791. Srivari Spices and Foods's asset turnover of last year was 2.0744809. ==> 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+0+1+0+1+0+0+1+1
=5

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

Srivari Spices and Foods has an F-score of 5 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 5 mean?
Srivari Spices and Foods (NSE:SSFL) has a Piotroski F-Score of 5 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Srivari Spices and Foods and its competitors. This is near median its historical median of 5.00. Over the past decade, Srivari Spices and Foods' Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Srivari Spices and Foods ranks #916 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 47.9%.
Is Srivari Spices and Foods' Piotroski F-Score too high?
Srivari Spices and Foods' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 6.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Srivari Spices and Foods' value of 5 is 0% at this industry median. Based on the distribution chart, Srivari Spices and Foods ranks #916 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Srivari Spices and Foods has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Srivari Spices and Foods' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Srivari Spices and Foods ranks #916 out of 1911 companies for Piotroski F-Score. This puts Srivari Spices and Foods in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Srivari Spices and Foods' value of 5 is 0% at this benchmark. Historically, Srivari Spices and Foods' own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Srivari Spices and Foods 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Srivari Spices and Foods's current Piotroski F-Score of 5 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 Srivari Spices and Foods 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. Srivari Spices and Foods's current Piotroski F-Score is 5, which is near 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 Srivari Spices and Foods stock overvalued right now?
Based on GuruFocus' analysis, Srivari Spices and Foods (NSE:SSFL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹487.08, compared to a current price of ₹254.40 — trading 47.8% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Srivari Spices and Foods' overall GF Score™ is 66/100 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 Srivari Spices and Foods (NSE:SSFL), the current Piotroski F-Score is 5 as of Jun. 27, 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.

Is Srivari Spices and Foods (NSE:SSFL) Overvalued in 2026?

Based on GuruFocus' analysis, Srivari Spices and Foods stock appears to be undervalued. The current stock price of ₹254.40 is trading 47.8% below its estimated GF Value™ of ₹487.08. GuruFocus considers Srivari Spices and Foods to be Possible Value Trap.

Key valuation signals for NSE:SSFL:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ₹487.08 vs. price of ₹254.40 (47.8% below fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#916 of 1911)

No single metric tells the full story. See the NSE:SSFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Srivari Spices and Foods Business Description

Address 207, Second Floor, RDB Blue Hope, 4-1-878, 876, 877 and 877/1, Abids, Hyderabad, TG, IND, 500001
Srivari Spices and Foods Ltd is involved in manufacturing spices and flour (chakki atta) and marketing and selling them in and around Telangana and Andhra Pradesh. The company selects raw materials carefully from different parts of the country and processes its products with great care, avoiding artificial preservatives or chemicals. This approach results in a product range of organic spices and flour that preserves the freshness and quality of each ingredient.
66GF Score

Get the complete analysis for NSE:SSFL

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

₹254.40
Price
₹487.08
GF Value