Stocks under ₹ 100 with high piotroski score of up to 9 to add to your watchlist
Piotroski score, named after Stanford accounting professor Joseph Piotroski, is a number between ‘0’ and ‘9’ used to assess the strength of a company’s financial position. Financial investors use the score to find the best-value stocks.
Listed below are stocks under Rs. 100 with a high Piotroski Score of upto 9:
Patel Engineering Ltd (NS:PENG)
With a market capitalization of Rs. 4,948 crores, the shares of the infrastructure company started Saturday’s live special trading session on a flatter note at Rs. 57.55 compared to its previous close of Rs. 57.35. During the trading session, the shares hit a high of Rs. 58.85, gaining around 3 percent and closed the day at Rs. 58.60 apiece. ‘The shares have a high Piotroski score of 8’.
Looking at the company’s financial statements, the revenue zoomed by 27 percent from Rs. 1,061.01 crores during the December quarter to Rs. 1,343.18 crores in the March quarter. In addition, the net profits magnified by 106 percent from Rs. 68.59 crores to Rs. 140.94 crores during the same period.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 3.78 percent during FY 21-22 to 6.78 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 9.26 percent to 10.64 percent during the same timeframe. Furthermore, the net profit margin increased from 2.63 percent during FY21-22 to 4.26 percent during FY22-23.
According to the BSE data, Ace Investor Mr Vijay Kedia entered the stock in December 2022 via Kedia Securities Private Limited and currently holds 1.2 crore equity shares equivalent to a 1.42 percent stake in this company. The current holding value of his investment amounts to Rs. 70.32 crores.
BMW Industries Ltd
With a market capitalization of Rs. 1,437 crores, the shares of the steel products manufacturing company started Saturday’s live special trading session on a higher note at Rs. 65 compared to its previous close of Rs. 64. During the trading session, the shares hit a low of Rs. 63.42, losing around 1 percent and closed the day at Rs. 63.84 apiece. ‘The shares have a high Piotroski score of 8’.
Coming onto the company’s financial statements, the revenue decreased by 5 percent from Rs. 143.93 crores during the December quarter to Rs. 137.31 crores in the March quarter. Contrastingly, the net profits increased by 65 percent from Rs. 11.52 crores to Rs. 19 crores during the same period.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 6.49 percent during FY 21-22 to 9.43 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 8.35 percent to 11.68 percent during the same timeframe. Furthermore, the net profit margin increased from 7.77 percent during FY21-22 to 9.69 percent during FY22-23.
TGV Sraac Ltd
With a market capitalization of Rs. 976 crores, the shares of Chlor-Alkali manufacturing company started Saturday’s live special trading session on a flatter note at Rs. 91 compared to its previous close of Rs. 90.41. During the trading session, the shares hit a high of Rs. 93.55, gaining around 1 percent and closed the day at Rs. 91.16 apiece. ‘The shares have a high Piotroski score of 9’.
Looking at the company’s financial statements, the revenue increased by 12 percent from Rs. 360.35 crores during the September quarter to Rs. 402.21 crores in the December quarter. On the other hand, the net profits decreased by 18 percent from Rs. 18.6 crores to Rs. 15.21 crores during the same timeframe.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 19.18 percent during FY 21-22 to 40.40 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 19.91 percent to 35.58 percent during the same period. Furthermore, the net profit margin increased from 8.80 percent during FY21-22 to 15.55 percent during FY22-23.
GP Petroleums Ltd
With a market capitalization of Rs. 328 crores, the shares of the Automotive Lubricants manufacturing company started Saturday’s live special trading session on a flatter note at Rs. 64.35. During the trading session, the shares hit a high of Rs. 64.85, gaining around 1 percent and closed the day at Rs. 64 apiece. ‘The shares have a high Piotroski score of 9’.
Coming onto the company’s financial statements, the revenue decreased by 4 percent from Rs. 161.98 crores during the September quarter to Rs. 154.96 crores in the December quarter. In addition, the net profits declined by 32 percent from Rs.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 7.82 percent during FY 21-22 to 9.55 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 8.44 percent to 11.36 percent during the same timeframe. Furthermore, the net profit margin increased from 2.64 percent during FY21-22 to 3.19 percent during FY22-23.
Written By Vaibhav Patil
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