The Piotroski score, which ranges from zero to nine, evaluates a company’s financial health based on nine factors. To identify the best-value companies, the Piotroski score is employed, with nine being the best and zero representing the worst.
Here are the 3 stocks with a high Piotroski Score of up to 7.
Va Tech Wabag Ltd operates in the water treatment industry. Its primary responsibilities include the design, supply, installation, building, and operation of drinking water, wastewater, industrial water, and desalination plants.
With a market capitalization of Rs 8,286.25 crore, the shares were trading at Rs 1,332 per share, increasing around 0.34 percent as compared to the previous closing price. The company has a Piotroski score of ‘Seven’.
Examining the company’s financial performance, revenue increased by 1 percent from Rs 927 crore in Q4FY23 to Rs 934 crore in Q4FY24. During the same time frame, net profit increased by 169 percent, from Rs (112) crore to Rs 78 crore.
Thermax Limited delivers solutions to the energy, environment, and chemical sectors. The Company’s portfolio comprises boilers and heaters, absorption chillers/ heat pumps, power plants, solar equipment, air pollution control equipment/system, water, and waste recycle plants, ion exchange resins and performance chemicals and associated services.
With a market capitalization of Rs 61,067.60 crore, the shares were trading at Rs 5,164 per share, decreasing around 0.23 percent as compared to the previous closing price. The company has a Piotroski score of ‘Six’.
Examining the company’s financial performance, revenue increased by 19 percent from Rs 2,311 crore in Q4FY23 to Rs 2,764 crore in Q4FY24. During the same time frame, net profit increased by 20 percent, from Rs 156 crore to Rs 188 crore.
The Indian Hume Pipe Company Ltd. manufactures, lays, and joins pipes. The Company has also undertaken infrastructure development initiatives, such as the integrated water supply projects, which are being executed turnkey. The firm also makes and provides concrete railway sleepers to Indian Railways.
With a market capitalization of Rs 2,734.18 crore, the shares were trading at Rs 519.00 per share, increasing around 3.55 percent as compared to the previous closing price. The company has a Piotroski score of ‘Seven’.
Examining the company’s financial performance, revenue decreased by 11 percent from Rs 454 crore in Q4FY23 to Rs 404 crore in Q4FY24. During the same time frame, net profit increased by 175 percent, from Rs 16 crore to Rs 44 crore.
Ion Exchange (India) provides a comprehensive range of solutions across the water cycle, including pre-treatment, process water treatment, wastewater treatment, recycling, zero liquid discharge, sewage treatment, packaged drinking water, and seawater desalination.
With a market capitalization of Rs 10,389.86 crore, the shares were trading at Rs 708.25 per share, decreasing around 0.06 percent as compared to the previous closing price. The company has a Piotroski score of ‘Four’.
Examining the company’s financial performance, revenue increased by 21 percent from Rs 647 crore in Q4FY23 to Rs 782 crore in Q4FY24. During the same time frame, net profit decreased by 11 percent, from Rs 81 crore to Rs 72 crore.
Written by:- Abhishek singh
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