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 9.
KEI Industries Ltd
KEI Industries Limited engages in Cables and Wires, Stainless Steel Wire, and Engineering, Procurement, and Construction (EPC) Projects. The Cables and Wires division manufactures, sells, and markets a wide range of power cables, including low tension (LT), high tension (HT), extra high voltage (EHV), control, and so on.
With a market capitalization of Rs 28,605.63 crore, the shares were trading at Rs 3,169.90 per share, decreasing around 1.45 percent as compared to the previous closing price. The company has a Piotroski score of ‘seven’.
Looking into the company’s financial performance, revenue increased by 15 percent from Rs 1,784 crore in Q3FY23 to Rs 2,062 crore in Q3FY24. During the same period, net profit increased by 17 percent, from Rs 129 crore to Rs 151 crore.
Cords Cable Industries Ltd
Cords Cable Industries Limited (CORDS) is an India-based specialist control and instrumentation cable manufacturer. The company offers a variety of products and services that address the industry’s data transfer and electrical connectivity needs.
With a market capitalization of Rs 199.99 crore, the shares were trading at Rs 154.70 per share, increasing around 2 percent as compared to the previous closing price. The company has a Piotroski score of ‘eight’.
Looking into the company’s financial performance, revenue increased by 29 percent from Rs 129.36 crore in Q3FY23 to Rs 167.93 crore in Q3FY24. During the same period, net profit increased by 80 percent, from Rs 1.64 crore to Rs 2.95 crore.
Plaza Wires Ltd
Plaza Wires Limited manufactures, sells, and markets LT aluminum cables and fast-moving electrical items under its main brand “PLAZA CABLES” and home brands such as “Action Wires” and “PCG.”
With a market capitalization of Rs 376.27 crore, the shares were trading at Rs 86 per share, increased around 1.03 percent as compared to the previous closing price. The company has a Piotroski score of ‘nine’.
Looking into the company’s financial performance, revenue increased by 3 percent from Rs 177 crore in FY22-23 to Rs 182 crore in FY23-24. During the same period, net profit increased by 33 percent, from Rs 6 crore to Rs 8 crore.
Written by:- Abhishek Singh
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