Investors prefer Public Sector Undertakings (PSUs) in India due to their stability and government backing, which reduce default risks. PSUs offer a blend of security, regular income, and potential for growth, making them appealing to investors seeking stable returns and lower risk.
The Piotroski score is a discrete score that ranges between zero and nine reflecting nine different criteria used to determine a firm’s strength. It is used to determine stocks with the best value, with nine being the best and zero being the worst.
Listed below are some of the Public Sector Undertakings(PSUs) with High Piotroski Score.
Bharat Electronics
Bharat Electronics Limited (BEL) is a Navratna central public sector enterprise that operates in the aerospace and defence sector, it primarily manufactures advanced electronic products for ground and aerospace applications.
With a market capitalization of Rs. 2,23,825 Crores, the shares of Bharat Electronics Limited closed at Rs. 306.20 per equity share, up 0.56 percent from its previous day’s close price of Rs. 304.50
Bharat Electronics Limited has delivered a multibagger return of 156 percent in a year and it has a high Piotroski Score of 8.
Its Revenue from operations grew by 34.98 percent from Rs. 6,344.65 Crores in Q4FY23 to Rs. 8,564.08 Crores in Q4FY24, accompanied by profits of Rs. 1,366.38 Crores to Rs. 1,785.66 Crores.
Rail Vikas Nigam
Rail Vikas Nigam Limited is a central public sector enterprise with a Navratna status, it is engaged in the business of implementing various types of Rail infrastructure projects like doubling, gauge conversion, new lines, railway electrification, major bridges, etc.
With a market capitalization of Rs. 86,872 Crores, the shares of Rail Vikas Nigam Limited closed at Rs. 416.65 per equity share, up 0.66 percent from its previous day’s close price of Rs. 413.90.
Rail Vikas Nigam Limited has delivered a multibagger return of 239 percent in a year and it has a high Piotroski Score of 8.
Its Revenue from operations grew by 17.12 percent from Rs. 5,721.25 Crores in Q4FY23 to Rs.6,700.69 Crores in Q4FY24, accompanied by profits of Rs. 345.28 Crores to Rs. 433.32 Crores.
Hindustan Aeronautics
Hindustan Aeronautics Limited (HAL) is the Indian government’s prime manufacturer of defense machinery in the Aeronautic segment. The Company designs, develops, manufactures, maintains, and upgrades aircraft, helicopters, and critical aerospace components & accessories.
With a market capitalization of Rs. 3,51,979 Crores, the shares of Hindustan Aeronautics Limited closed at Rs. 5,263.05 per equity share, down 0.37 percent from its previous day’s close price of Rs. 5,282.65.
Hindustan Aeronautics Limited has delivered a multibagger return of 183 percent in a year and it has a healthy Piotroski Score of 7.
Hindustan Aeronautics has reported a strong order book of Rs. 94,000 Crores and Net Profit Margins of 23.52 percent.
Its Revenue from operations grew by 18.2 percent from Rs. 12,494 Crores in Q4FY23 to Rs. 14,768 Crores in Q4FY24, accompanied by profits of Rs. 2,831.19 Crores to Rs. 4,308.68 Crores.
Coal India
Coal India Limited is a Maharatna Central Public Sector Enterprise mainly engaged in the business of mining and production of Coal and it also operates Coal washeries. It accounts for over 80 percent of the domestic coal production.
With a market capitalization of Rs. 2,91,558 Crores, the shares of Coal India Limited closed at Rs. 473.10 per equity share, up 1.26 percent from its previous day’s close price of Rs. 467.20.
Coal India Limited has delivered a multibagger return of 108 percent in a year and it has a healthy Piotroski Score of 7.
Its Revenue from operations declined by 2.5 percent from Rs. 35,161 Crores in Q4FY23 to Rs. 34,263 Crores in Q4FY24, accompanied by profits of Rs. 5,527.62 Crores to Rs. 8,640.45 Crores.
Indian Railway Finance Corporation
Indian Railway Finance Corporation is a dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets for supporting infrastructure development of Indian Railways, to finance the acquisition/creation of assets which are then leased out to the Indian Railways as a finance lease.
With a market capitalization of Rs. 2,27,065 Crores, the shares of Indian Railway Finance Corporation Limited closed at Rs. 173.75 per equity share, up 0.32 percent from its previous day’s close price of Rs. 173.20.
Indian Railway Finance Corporation has delivered a multibagger return of 433 percent in a year and it has a healthyPiotroski Score of 7.
Its Revenue from operations grew by 3.8 percent from Rs. 6,236.49 Crores in Q4FY23 to Rs. 6,473.56 Crores in Q4FY24, accompanied by profits of Rs. 1,327.71 Crores to Rs. 1,717.32 Crores.
Written by: Bharath K.S
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