The Piotroski Score is a financial metric used to assess a company’s financial health, ranging from 0 to 9. A higher score indicates stronger financial well-being, making it a favoured tool for value investors looking for solid investment opportunities. A low Piotroski Score, on the other hand, suggests weaker financial performance and potential risks.
The price-to-earnings (P/E) ratio compares a stock’s price to its earnings, with a high P/E possibly indicating overvaluation and a low P/E suggesting better value, as investors pay less for each rupee of earnings.
Here are few such stocks under Rs.50 with a high Piotroski score of 9 and P/E lower than the industry average:
ATV Projects India Ltd
With a market capitalization of Rs.181 crores, ATV Projects India Ltd share price is currently trading at Rs.37.25 per share, rising 4 percent compared to its previous close.
The company has a Piotroski score of 9 and its stock is trading at a P/E of 29.9, below the industry average of 45.6, with an EPS of Rs.1.14.
In Q1 FY25, the company reported a 43 percent revenue increase YoY to Rs.19.83 crore, while net profit decreased 21 percent to Rs.1.6 crore in the same period.
ATV Projects India Ltd. is a prominent engineering and project management company based in India. Initially focused on fabrication, the company has evolved to offer a comprehensive range of turnkey solutions across various sectors.
Aakash Exploration Services Ltd
With a market capitalization of Rs.121 crores, Aakash Exploration Services Ltd share price is currently trading at Rs.11.82 per share, rising 2.52 percent compared to its previous close.
The company has a Piotroski score of 9 and its stock is trading at a P/E of 19.0, below the industry average of 21.2, with an EPS of Rs.0.63.
In Q1 FY25, the company reported a 4 percent revenue increase YoY to Rs.26.01 crore, while net profit increased 15 percent to Rs.1.2 crore in the same period.
Aakash Exploration Services Limited (AESL) is a prominent company based in Ahmedabad, Gujarat, specialising in oil and gas field services.
The Indian Wood Products Company Ltd
With a market capitalization of Rs.218 crores, The Indian Wood Products Company Ltd share price is currently trading at Rs.34.79 per share, up 1.5 percent compared to its previous close.
The company has a Piotroski score of 9 and its stock is trading at a P/E of 55.7, below the industry average of 56.5, with an EPS of Rs.0.61.
In Q1 FY25, the company reported a 12 percent revenue increase YoY to Rs.56.34 crore, while net profit increased 26 percent to Rs.1.26 crore in the same period.
The Indian Wood Products Company Ltd specialises in the manufacturing of Katha (a product derived from the heartwood of Acacia catechu) and processed Gambier. The company also engages in the trading of spices.
Digicontent Ltd
With a market capitalization of Rs.216 crores, Digicontent Ltd’s share price previously closed at Rs.37.84 per share, and is not trading currently.
The company has a Piotroski score of 9 and its stock is trading at a P/E of 39.8, below the industry average of 48.9, with an EPS of Rs.0.93.
In Q1 FY25, the company reported a 16 percent revenue increase YoY to Rs.104.27 crore, while net profit decreased 32 percent to Rs.0.69 crore in the same period.
Digicontent Ltd. operates in the digital innovation and media entertainment sector, focusing on enhancing customer experiences through digital strategies.
Written by – Siddesh S Raskar
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