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 four multibagger power stocks with one-year returns and high Piotroski scores of up to 9.
NHPC Limited
With a market capitalisation of Rs. 89,551.5 crores and a Piotroski score of 7, the share price of the company moved up by nearly 2.7% on BSE to Rs. 90.95 in the morning trading session on Thursday, compared to its previous closing price of Rs. 88.56.
The company has delivered about 128.6 percent multibagger returns in the last one year and positive returns of nearly 72.06 percent in the last six months. So far in 2024, it has given positive returns of around 35.0 percent.
The company’s revenue from operations fell by nearly 20.4 percent YoY from Rs. 2,583 crore in Q3 FY22-23 to Rs. 2,056 crore in Q3 FY23-24, while its net profit also fell by 19.07 percent YoY, from Rs. 776 crore in Q3 FY22-23 to Rs. 628 crore in Q3 FY23-24.
Incorporated in 1975, NHPC Limited is the largest hydropower development organisation in India. The primary business of the company involves the generation and sale of bulk power to various Power Utilities.
Adani Power Limited
With a Piotroski score of 7, the share price of the company in the morning trading session moved up by nearly 2.02 percent on BSE to Rs. 527 on March 28th, compared to its previous closing price of Rs. 516.55 and has a market cap of Rs. 2.01 lakh crore.
It has delivered positive returns of about 39.1 percent in the past six months and nearly 200.5 percent of multibagger returns in the last one year. So far, the company has given around 0.23 percent of negative returns in 2024.
In terms of financials, the company’s revenue from operations grew by nearly 67.3 percent YoY from Rs. 7,764 crore in Q3 FY22-23 to Rs. 12,991 crore in Q3 FY23-24, supported by an increase in the net profit of 30,322.2 percent YoY, from Rs. 9 crore in Q3 FY22-23 to Rs. 2,738 crore in Q3 FY23-24.
Adani Power Limited, a part of the diversified Adani Group, is India’s largest private thermal power producer.
The company, along with its subsidiaries, sells power generated by these projects through a combination of Long-term and Short-term Power Purchase Agreements, as well as on a merchant basis.
Tata Power Company Limited
With a market cap of Rs. 1.24 lakh crores and a Piotroski score of 8, the share price of the company moved up by 2.74% on BSE to Rs. 399 on Thursday, compared to its previous closing price of Rs. 388.35.
So far in 2024, Tata Power has delivered positive returns of around 19.6 percent. On the other hand, in the last six months, it has given positive returns of nearly 53.1 percent returns and about 114.8 percent of multibagger returns in the last one year.
The company’s revenue from operations grew by nearly 0.25 percent YoY from Rs. 14,129 crore in Q3 FY22-23 to Rs. 14,651 crore in Q3 FY23-24, accompanied by an increase in the net profit of 2.28 percent YoY, from Rs. 1,052 crore in Q3 FY22-23 to Rs. 1,076 crore in Q3 FY23-24.
Tata Power, formerly a part of the three entities jointly known as Tata Electric Companies, is engaged in the business of generating, transmitting, distributing, and trading of electricity.
The company along with its subsidiaries is one of the largest integrated power companies in India, with a presence all over the world.
BF Utilities Limited
With a market cap of Rs. 2,922 crores and a Piotroski score of 9, the share price of the company moved up by 3.27% on BSE at Rs. 777.55 in the morning trading session of Thursday, compared to its previous closing price of Rs. 752.9.
The company has delivered about 172.3 percent multibagger returns in the last one year and positive returns of nearly 19.1 percent in the last six months. So far in 2024, it has given positive returns of around 30.6 percent.
In terms of financials, the company’s revenue from operations grew by nearly 48.2 percent YoY from Rs. 166 crore in Q3 FY22-23 to Rs. 246 crore in Q3 FY23-24, while net profit increased by 13.4 percent YoY, from Rs. 67 crore in Q3 FY22-23 to Rs. 76 crore in Q3 FY23-24.
BF Utilities Limited, a part of Kalyani Group, is engaged in the generation of electricity through windmills and infrastructure activities.
Written by Shivani Singh
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