A Piotroski score is essentially used to assess the financial health of a company. The score is a numerical ranking system ranging from zero to nine. However, a Piotroski score above seven is considered a good opportunity for investors. It suggests that the stock is undervalued and has strong fundamentals.
Here are the Multibagger stocks with Piotroski score higher than seven
Kalyan Jewellers India Ltd
Kalyan Jewellers India Ltd belongs to a mid-cap category of stock with a market capitalization of Rs 41,192 crore. On Friday,it shares closed at Rs 400 per share, up 0.77 percent from the previous close price on the stock exchange.
The company has delivered a multibagger return of 237 percent in one year and currently generates a Piotroski score of 9, indicating undervalued stocks with strong fundamentals.
Now, looking at the prime business parameters, the revenue from operations on a yearly basis increased by 13 percent from Rs 327 crore in Q3 FY23 to Rs 370 crore in Q3 FY24. Similarly, the net profits increased by 22 percent from Rs 148 crore to Rs 180 crore during the same period.
Kalyan Jewellers Ltd. is an Indian based company engaged in the business of jewellery retailing. The company offers a wide variety of products, including gold, diamonds, white gold, gemstones, platinum, and silver jewelry. It has approximately 150 retail stores across India and the Middle East. Kalyan Jewellers FZE, Kalyan Jewellers LLC, Kalyan Jewellers for Gold Jewelry, and so on are the subsidiaries of Kalyan Jewellers Ltd.
Apar Industries Ltd
Apar Industries Ltd. belongs to a mid-cap category of stock with a market capitalization of Rs 25,317 crore. On Friday,it shares closed at Rs 6,303 per share,up 0.79 percent from the previous close price on the stock exchange.
The company has delivered a multibagger return of 181 percent in one year and currently generates a Piotroski score of 9, indicating undervalued stock with strong fundamentals.
Now, looking at the prime business parameters, the revenue from operations on a yearly basis increased by 2 percent from Rs 3939 crore in Q3 FY23 to Rs 4013 crore in Q3 FY24. Similarly, the net profits increased by 28 percent from Rs 170 crore to Rs 218 crore during the same period.
Apar Industries Ltd. is engaged in the business of manufacturing and supplying a wide
range of products, including conductors, transformers, power cables, and specialty oils. The company has its manufacturing plants in Maharashtra, Gujarat, Orissa, and the union territories of Dadra and Nagar Haveli.
EIH Ltd
EIH Ltd belongs to a mid-cap category of stocks with a market capitalization of Rs 25,530 crore. On Friday, its shares closed at Rs 408 per share, up 1.06 percent from the previous close price on the stock exchange.
The company has delivered a multibagger return of 151 percent in one year and currently generates a Piotroski score of 9, indicating undervalued stocks with strong fundamentals.
Now, looking at the prime business parameters, the revenue from operations on a yearly basis increased by 26 percent from Rs 586 crore in Q3 FY23 to Rs 741 crore in Q3 FY24. Similarly, the net profits increased by 54 percent from Rs 149 crore to Rs 230 crore during the same period.
EIH Ltd. is a hospitality company engaged in the business of owning and managing luxury hotels, cruisers, etc. The company’s hospitality segment includes accommodation, food and beverage, and other services. The company also has a pan India presence.
Written By Praveen R
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