Wakefit Innovations (NSE:WAKEFIT) Piotroski F-Score: 9 (As of Jul. 09, 2026) — 29% Above Median


NSE:WAKEFIT Wakefit Innovations Ltd NSE:WAKEFIT
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What is Wakefit Innovations Piotroski F-Score?

Wakefit Innovations NSE:WAKEFIT -3.49% 11 Piotroski F-Score is 9 as of Jul. 09, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates NSE:WAKEFIT with a GF Score™ of 11/100. The stock has 5 warning signs investors should review. Among 424 Furnishings, Fixtures & Appliances companies, Wakefit Innovations ranks better than 99.76% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Wakefit Innovations has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

NSE:WAKEFIT' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 9

During the past 4 years, the highest Piotroski F-Score of Wakefit Innovations was 9. The lowest was 5. And the median was 7.

Wakefit Innovations  (NSE:WAKEFIT) 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.


Wakefit Innovations Piotroski F-Score Related Terms


Wakefit Innovations Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wakefit Innovations'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.

Wakefit Innovations Piotroski F-Score Chart

Wakefit Innovations Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 5.00 9.00

Wakefit Innovations Quarterly Data
Mar23 Mar24 Dec24 Mar25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 0.00 5.00 0.00 0.00 9.00

NSE:WAKEFIT vs SN, SGI, MHK: Piotroski F-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Wakefit Innovations'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.


Wakefit Innovations Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Wakefit Innovations's Piotroski F-Score distribution charts can be found below:

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


NSE:WAKEFIT
11GF Score
Wakefit Innovations Ltd NSE:WAKEFIT
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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 ₹1,892 Mil.
Cash Flow from Operations was ₹2,445 Mil.
Revenue was ₹14,889 Mil.
Gross Profit was ₹8,302 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (10507.5 + 17511.99) / 2 = ₹14009.745 Mil.
Total Assets at the begining of this year (Mar25) was ₹10,508 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,910 Mil.
Total Current Assets was ₹8,929 Mil.
Total Current Liabilities was ₹4,195 Mil.
Net Income was ₹-350 Mil.

Revenue was ₹12,737 Mil.
Gross Profit was ₹7,004 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (9282.98 + 10507.5) / 2 = ₹9895.24 Mil.
Total Assets at the begining of last year (Mar24) was ₹9,283 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,023 Mil.
Total Current Assets was ₹5,375 Mil.
Total Current Liabilities was ₹3,194 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.

Wakefit Innovations's current Net Income (TTM) was 1,892. ==> 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.

Wakefit Innovations's current Cash Flow from Operations (TTM) was 2,445. ==> 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)
=1891.75/10507.5
=0.18003807

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-350.04/9282.98
=-0.03770772

Wakefit Innovations's return on assets of this year was 0.18003807. Wakefit Innovations's return on assets of last year was -0.03770772. ==> 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.

Wakefit Innovations's current Net Income (TTM) was 1,892. Wakefit Innovations's current Cash Flow from Operations (TTM) was 2,445. ==> 2,445 > 1,892 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1909.63/14009.745
=0.13630726

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2023.37/9895.24
=0.20447912

Wakefit Innovations's gearing of this year was 0.13630726. Wakefit Innovations's gearing of last year was 0.20447912. ==> 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
=8928.56/4195.01
=2.12837633

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5374.78/3193.81
=1.68287406

Wakefit Innovations's current ratio of this year was 2.12837633. Wakefit Innovations's current ratio of last year was 1.68287406. ==> 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.

Wakefit Innovations's number of shares in issue this year was 315.292. Wakefit Innovations's number of shares in issue last year was 326.829. ==> 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
=8301.67/14889.43
=0.55755459

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7003.54/12736.91
=0.54986178

Wakefit Innovations's gross margin of this year was 0.55755459. Wakefit Innovations's gross margin of last year was 0.54986178. ==> 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)
=14889.43/10507.5
=1.41702879

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12736.91/9282.98
=1.37207125

Wakefit Innovations's asset turnover of this year was 1.41702879. Wakefit Innovations's asset turnover of last year was 1.37207125. ==> 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+1+1
=9

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

Wakefit Innovations has an F-score of 9. 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 9 mean?
Wakefit Innovations (NSE:WAKEFIT) has a Piotroski F-Score of 9 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wakefit Innovations and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, Wakefit Innovations' Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Wakefit Innovations ranks #1 out of 424 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 0.2%.
Is Wakefit Innovations' Piotroski F-Score too high?
Wakefit Innovations' current Piotroski F-Score of 9 is 29% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. Wakefit Innovations' value of 9 is 80% above this industry median. Based on the distribution chart, Wakefit Innovations ranks #1 out of 424 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Wakefit Innovations has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Wakefit Innovations' Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Wakefit Innovations ranks #1 out of 424 companies for Piotroski F-Score. This places Wakefit Innovations in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Wakefit Innovations' value of 9 is 80% above this benchmark. Historically, Wakefit Innovations' own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Wakefit Innovations 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 Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 424 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. Wakefit Innovations's current Piotroski F-Score of 9 is 80% 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 Wakefit Innovations and its competitors. For the Furnishings, Fixtures & Appliances 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. Wakefit Innovations's current Piotroski F-Score is 9, which is 29% 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 Wakefit Innovations stock overvalued right now?
Wakefit Innovations (NSE:WAKEFIT) has a current Piotroski F-Score of 9. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 80% above the Furnishings, Fixtures & Appliances industry median of 5.00. Wakefit Innovations' overall GF Score™ is 11/100 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 Wakefit Innovations (NSE:WAKEFIT), the current Piotroski F-Score is 9 as of Jul. 09, 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.

Wakefit Innovations Business Description

Other Exchanges 544642:India
Address Hosur Road, Umiya Emporium, 97-99, 2nd and 4th Floor, Adugodi, Tavarekere, Opposite Forum Mall, Bengaluru, KA, IND, 560 029
11GF Score

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