A Piotroski score of 9 signals exceptional financial strength, profitability, and operational efficiency, making these small-cap stocks potential hidden gems. For investors, it highlights strong growth prospects with limited downside risk, while for the industry, it reflects robust fundamentals and competitive resilience driving long-term value creation.
What Does Piotroski Track?
The Piotroski Score is a simple tool that tracks a company’s financial health and strength by looking at nine key factors related to profitability, debt, liquidity, and efficiency. It gives a score from 0 to 9, where a higher score means the company is financially strong and likely to perform well.
It is beneficial because it helps investors find good value stocks that are financially stable and less risky, especially among companies that seem cheap in the market. By using this score, investors can make smarter choices, avoid weak companies, and potentially earn better returns. This makes it a useful, easy way to assess which companies have solid fundamentals for investment. Following are list of companies with Piotroski score of 9:
1. AGI Greenpac
An Indian company that makes safe packaging for drinks and foods. They create glass bottles, plastic PET bottles, and secure caps. Started in 1960, they focus on eco-friendly options for industries like pharma, food, and beverages. Their products keep items fresh and protected. With brands like AGI Glaspac and AGI Plastek, they export worldwide and care about the environment.
AGI Greenpac Limited’s stock, with a market capitalisation of Rs. 5,466 crores fell to Rs. 840.60, hitting a low of up to 3.46 percent from its previous closing price of Rs. 870.80.
The company reported revenue of Rs. 688 crore in Q1FY26, rising 21.6% YoY from Rs. 566 crore but declining 2.4% QoQ from Rs. 705 crore in Q4FY25. Over the past three years, sales have grown at a CAGR of 21%, reflecting consistent topline expansion.
Net profit stood at Rs. 89 crore in Q1FY26, up 41.3% YoY from Rs. 63 crore but down 8.2% QoQ from Rs. 97 crore. The company’s 3-year profit CAGR of 18% and ROE CAGR of 16% indicate steady profitability and efficient capital utilization.
2. Madras Fertilizers
A government-owned firm in Chennai, India. They produce urea and complex fertilizers to help farmers grow better crops. Founded in 1966, they also make bio-fertilizers and neem pesticides under the Vijay brand. Their products improve soil health and boost farm yields. They trade eco-friendly agro chemicals and organic manure too.
Madras Fertilizers Limited’s stock, with a market capitalisation of Rs. 1,312 crores fell to Rs. 80.90, hitting a low of up to 1.86 percent from its previous closing price of Rs. 82.44.
The company posted revenue of Rs. 672 crore in Q1FY26, up 2.6% YoY from Rs. 655 crore and a strong 21.1% QoQ growth from Rs. 555 crore in Q4FY25. However, the 3-year sales CAGR remains modest at 3%, indicating limited long-term topline momentum.
Net profit came in at Rs. 44 crore in Q1FY26, rising 10% YoY from Rs. 40 crore and recovering sharply from a Rs. 52 crore loss in Q4FY25. Despite this turnaround, the 3-year profit CAGR stands at -27%, reflecting past profitability challenges.
3. Mayur Uniquoters
Is a top maker of faux leather in Jaipur, India. They produce PVC and PU coated fabrics for shoes, car seats, and furniture. Started in 1992, they export to many countries and offer over 400 designs. Their tough materials suit fashion, auto, and home use. They focus on quality and custom textures for buyers.
Mayur Uniquoters Limited’s stock, with a market capitalisation of Rs. 2,183 crores rose to Rs. 504, hitting a high of up to 1.83 percent from its previous closing price of Rs. 494.95.
The company reported revenue of Rs. 206 crore in Q1FY26, rising 6% YoY from Rs. 195 crore in Q1FY25 but declining 4% QoQ from Rs. 214 crore in Q4FY25. Over the past three years, sales have grown at a CAGR of 9%, showcasing steady top-line expansion.
Net profit stood at Rs. 41 crore in Q1FY26, marking a 17% YoY rise from Rs. 35 crore in Q1FY25 and an identical 17% QoQ growth from Rs. 35 crore in Q4FY25. The firm has delivered a 3-year profit CAGR of 19% and ROE CAGR of 15%, reflecting consistent profitability and efficient capital utilization.
Written By Fazal Ul Vahab
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