‘Piotroski score’, a well-known parameter in the equity markets, is a discrete score between ‘0’, the worst score, and ‘9’, the best score, reflecting nine different criterias that are used to determine the strength of a company’s financial position.
Listed below are three multibagger stocks with a high Piotroski score that delivered stock returns of up to 250 percent since Diwali 2022:
KPT Industries Limited
With a market capitalization of Rs 147.44 crores, the stocks of closed at Rs 433.65 on Friday, gaining around 0.50 percent as compared to the previous closing levels of Rs 431.75 apiece. The company has a high Piotroski score of ‘9’.
During the recent financial years, the company has performed well with an increase in the basic business indicators such as operating revenues and net profits.
The former grew from Rs 116.48 crores during FY21-22 to Rs 149.76 crores during FY22-23, and, the latter, keeping the timeframe the same, moved up from Rs 5.01 crores to Rs 8.42 crores.
Since Diwali 2022, the company has delivered multibagger returns of approximately 117 percent, i.e., if someone had invested Rs 1 lakh during the Diwali period last year, it would have converted to Rs 2.17 lakhs.
Talbros Automotive Components Limited
With a market capitalization of Rs 1,471.29 crores, the stocks of closed at Rs 238.35 on Friday, slipping around 1.30 percent as compared to the previous closing levels of Rs 241.35 apiece. The company has a high Piotroski score of ‘9’.
During the recent financial years, the company has performed well with an increase in the basic business indicators such as operating revenues and net profits.
The former grew from Rs 577.24 crores during FY21-22 to Rs 647.18 crores during FY22-23, and, the latter, keeping the timeframe the same, moved up from Rs 44.89 crores to Rs 55.58 crores.
Since Diwali 2022, the company has delivered multibagger returns of approximately 147 percent, i.e., if someone had invested Rs 1 lakh during the Diwali period last year, it would have converted to Rs 2.47 lakhs.
Apar Industries Limited
With a market capitalization of Rs 19,541.10 crores, the stocks of closed at Rs 5,106.30 on Friday, slipping around 1.60 percent as compared to the previous closing levels of Rs 5,190.55 apiece. The company has a high Piotroski score of ‘9’.
During the recent financial years, the company has performed well with an increase in the basic business indicators such as operating revenues and net profits.
The former grew 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, moved up from Rs 256.73 crores to Rs 637.72 crores.
Since Diwali 2022, the company has delivered multibagger returns of approximately 250 percent, i.e., if someone had invested Rs 1 lakh during the Diwali period last year, it would have converted to Rs 3.50 lakhs.
Written by Amit Madnani
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