‘Piotroski’ score is generally defined as a discrete score between zero and nine reflecting nine different criteria which are been used to determine the strength of a firm’s financial position. The score is basically used to determine the best value stocks, with zero being the worst and nine being the best.
Listed below are three stocks with a Piotroski score of ‘9’ that are trading at a discount of up to xx percent:
Apollo Tyres Limited
With a market capitalization of Rs 23,981.41 crores, the stocks of Apollo Tyres Limited are currently trading at Rs 377.60, gaining around 1.20 percent as compared to the previous closing levels of Rs 373.05 apiece.
The company’s stock hit its 52-week high mark in August 2023 at a price of Rs 440.95, and, comparing the same with the current price levels prevailing, there is a discount of around 15 percent.
During the recent financial years, the company has successfully increased its prime business indicators such as the operating revenues as well as after-tax profits with the former increasing from Rs 20,947.58 crores during FY21-22 to Rs 24,568.13 crores during FY22-23, and, the latter taking an upward shift from Rs 638.6 crores to Rs 1,104.64 crores.
Moreover, the profitability metrics of the company also increased with the return on equity (RoE) increasing from 5.51 percent during FY21-22 to 8.97 percent during FY22-23, and, the return on capital employed (RoCE) taking a shift from 7.34 percent to 10.87 percent during the same time period.
PI Industries Limited
With a market capitalization of Rs 51,621.33 crores, the stocks of PI Industries Limited are currently trading at Rs 3,402.45, gaining around 0.50 percent as compared to the previous closing levels of Rs 3,385.25 apiece.
The company’s stock hit its 52-week high mark in June 2023 at a price of Rs 4,010, and, comparing the same with the current price levels prevailing, there is a discount of around 15 percent.
During the recent financial years, the company has successfully increased its prime business indicators such as the operating revenues as well as after-tax profits with the former increasing from Rs 5,299.5 crores during FY21-22 to Rs 6,492 crores during FY22-23, and, the latter taking an upward shift from Rs 843.8 crores to Rs 1,229.5 crores.
Moreover, the profitability metrics of the company also increased with the return on equity (RoE) increasing from 14.71 percent during FY21-22 to 18.45 percent during FY22-23, and, the return on capital employed (RoCE) taking a shift from 17.4 percent to 21.84 percent during the same time period.
Raymond Limited
With a market capitalization of Rs 11,878.42 crores, the stocks of Raymond Limited are currently trading at Rs 1,784.25, slipping around 0.20 percent as compared to the previous closing levels of Rs 1,786.35 apiece.
The company’s stock hit its 52-week high mark in September 2023 at a price of Rs 2,240, and, comparing the same with the current price levels prevailing, there is a discount of around 21 percent.
During the recent financial years, the company has successfully increased its prime business indicators such as the operating revenues as well as after-tax profits with the former increasing from Rs 6,178.51 crores during FY21-22 to Rs 8,214.72 crores during FY22-23, and, the latter taking an upward shift from Rs 265.12 crores to Rs 536.96 crores.
Moreover, the profitability metrics of the company also increased with the return on equity (RoE) increasing from 11.91 percent during FY21-22 to 20.44 percent during FY22-23, and, the return on capital employed (RoCE) taking a shift from 10.95 percent to 21.11 percent during the same time period.
Written by Amit Madnani
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