The Piotroski score is a discrete score used to determine the strength of a firm’s financial position and determine the best-value stocks. The score ranges from ‘zero’, being the worst to ‘nine’, being the best.
Listed below are three multibagger stocks under the ‘mid-cap’ category with a Piotroski score of ‘nine’ that one should keep on their radar:
NLC India Limited
With a market capitalization of Rs 22,609.11 crores, the stocks of NLC India Limited are currently trading at Rs 163.05, slipping around 2.80 percent as compared to the previous closing levels of Rs 167.75 apiece. The company has a Piotroski score of ‘nine’.
During the recent financial years, the company has successfully increased its operating revenues as well as net profits with the most recent movement in the former from Rs 11,947.94 crores during FY21-22 to Rs 16,165.24 crores during FY22-23, and, the latter, keeping the timeframe the same, moving up from Rs 1,115.13 crores to Rs 1,425.13 crores.
Keeping a purview of one year, the company’s stock delivered multibagger returns of approximately 111 percent to its stakeholders, i.e., if someone had invested Rs 1 lakh a year ago, it would have converted to Rs 2.11 lakhs.
Kalyan Jewellers India Limited
With a market capitalization of Rs 33,116.21 crores, the stocks of Kalyan Jewellers India Limited are currently trading at Rs 321.50, gaining around 2.50 percent as compared to the previous closing levels of Rs 313.80 apiece. The company has a Piotroski score of ‘nine’.
During the recent financial years, the company has successfully increased its operating revenues as well as net profits with the most recent movement in the former from Rs 10,817.93 crores during FY21-22 to Rs 14,071.45 crores during FY22-23, and, the latter, keeping the timeframe the same, moving up from Rs 224.03 crores to Rs 431.93 crores.
Keeping a purview of one year, the company’s stock delivered multibagger returns of approximately 223 percent to its stakeholders, i.e., if someone had invested Rs 1 lakh a year ago, it would have converted to Rs 3.23 lakhs.
Apar Industries Limited
With a market capitalization of Rs 22,348.49 crores, the stocks of Apar Industries Limited are currently trading at Rs 5,839.90, slipping around 0.70 percent as compared to the previous closing levels of Rs 5,878.55 apiece. The company has a Piotroski score of ‘nine’.
During the recent financial years, the company has successfully increased its operating revenues as well as net profits with the most recent movement in the former from Rs 9,316.57 crores during FY21-22 to Rs 14,352.15 crores during FY22-23, and, the latter, keeping the timeframe the same, moving up from Rs 256.73 crores to Rs 637.72 crores.
Keeping a purview of one year, the company’s stock delivered multibagger returns of approximately 284 percent to its stakeholders, i.e., if someone had invested Rs 1 lakh a year ago, it would have converted to Rs 3.84 lakhs.
Written by Amit Madnani
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