The Piotroski score, which ranges from zero to nine, represents nine parameters used to analyse the strength and financial position of a company. It is used to rank the best-value stocks, with nine being the best and zero indicating the worst.
Here are three drone stocks with high Piotroski scores of up to 7.
Rattanindia Enterprises Limited
The company is involved in the drone business through its wholly-owned subsidiary, NeoSky India Ltd., which develops an advanced drone system platform focused on industry applications in India.
With a market capitalisation of Rs. 11,217 crores and a Piotroski score of 5, the share price of India’s leading electric motorcycle manufacturer rose by 2 percent on BSE to reach Rs. 83.38 during Friday’s trading session, compared to its previous closing price of Rs. 81.75.
The company reported a significant 17.04 percent year-over-year increase in revenue from operations, rising from Rs. 1,105.8 crore in Q4 FY22-23 to Rs. 1,294.3 crore in Q4 FY23-24, while the PAT stood at a loss of Rs. 81.5 crore in Q4 FY23-24 from a loss of Rs. 138 crore in Q4 FY22-23.
Incorporated in 2010, RattanIndia Enterprises Ltd., formerly known as Indiabulls Infrastructure & Power Limited, is engaged in the business of manpower/human resource supply and consultancy, payroll management services, technology business and other related activities.
Zen Technologies Limited
With a market capitalisation of Rs. 9,612.6 crores and a Piotroski score of 6, the share price of India’s leading anti-drone technology and defence training solutions provider rose by 2.12 percent on BSE to reach Rs. 1,215.95 during Friday’s trading session, compared to its previous closing price of Rs. 1,190.65.
The company reported a significant 47.5 percent year-over-year increase in revenue from operations, rising from Rs. 95.88 crore in Q4 FY22-23 to Rs. 141.4 crore in Q4 FY23-24. Concurrently, its net profit also saw a 60.7 percent growth, climbing from Rs. 23.4 crore to Rs. 37.6 crore over the same period.
Zen Technologies Limited is a pioneer and leader in providing advanced Defence Training Solutions, Drones and Anti-Drones solutions and provides building training systems for imparting defence training and measuring combat readiness of security forces.
The company is engaged in indigenous design, development and manufacture of sensors and simulators technology-based defence training systems and has relentlessly been providing Defence Training Solutions and seamless services to the Ministry of Defence, Security Forces Police, and Para-military forces.
DCM Shriram Industries Limited
In 2022, DSIL and Israel-based company Skylock have signed an MoU for the partnership to manufacture and distribute Counter Drone Systems in India. The company will have the exclusive rights for manufacturing and marketing its systems in India.
With a market capitalisation of Rs. 2,000.8 crores and a Piotroski score of 7, the share price of the company rose by 2.4 percent on BSE to reach Rs. 234 during Friday’s trading session, compared to its previous closing price of Rs. 228.55.
The company reported a 4.8 percent year-over-year decline in revenue from operations, falling from Rs. 527.95 crore in Q4 FY22-23 to Rs. 502.23 crore in Q4 FY23-24, but its net profit witnessed a 22.5 percent YoY growth, climbing from Rs. 31.53 crore to Rs. 38.64 crore over the same period.
DCM Shriram Industries Limited (DSIL) is primarily engaged in the production and sale of sugar, alcohol, power, chemicals and industrial fibres.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
