The ‘Piotroski score’ is a discrete score between ‘0’ and ‘9’ that reflects nine different criterias to determine the strength of a company’s financial position. The score, with nine being the best and zero being the worst, is generally used to determine the best value stocks.
Listed below are three small-cap stocks with high piotroski scores that are currently trading at a discount of more than 30 percent each from their respective 52-week high price level:
Tilaknagar Industries Limited
With a market capitalization of Rs 3,798.72 crores, the stocks of Tilaknagar Industries Limited, primarily involved in the business of manufacturing and sale of Indian Made Foreign Liquor (IMFL), opened their trading hour on Tuesday at Rs 197 and currently trade at Rs 197.10, a flat movement as compared to the previous closing levels of Rs 196.55 apiece. The company’s stock has a piotroski score of 7.
The company’s stock touched its 52-week high price at Rs 291 in November 2023 and compared to those levels, the current share price exhibits a discount of around 32 percent.
During the recent financial quarters, the company’s basic business indicators, including the operating revenues as well as after-tax profits, showed positive movements with the former increasing from Rs 354 crores during Q2FY24 to Rs 377 crores during Q3FY24 and the latter, keeping the timeframe the same, took a shift from Rs 37 crores to Rs 44 crores.
Ion Exchange (India) Limited
With a market capitalization of Rs 6,741.53 crores, the stocks of Ion Exchange (India) Limited, engaged in a wide range of solutions to process water treatment, etc, opened their trading hour on Tuesday at Rs 450.90 and currently trade at Rs 459.65, gaining nearly 2.40 percent as compared to the previous closing levels of Rs 449.20 apiece. The company’s stock has a piotroski score of 7.
The company’s stock touched its 52-week high price at Rs 687.55 in October 2023 and compared to those levels, the current share price exhibits a discount of around 33 percent.
During the recent financial quarters, the company’s basic business indicators, including the operating revenues as well as after-tax profits, showed positive movements with the former increasing from Rs 533 crores during Q2FY24 to Rs 554 crores during Q3FY24 and the latter, keeping the timeframe the same, shifting up from Rs 42 crores to Rs 47 crores.
Dreamfolks Services Limited
With a market capitalization of Rs 2,598.80 crores, the stocks of Dreamfolks Services Limited, India’s largest airport service aggregator platform, opened their trading hour on
Tuesday at Rs 489.05 and currently trade at Rs 490.10, a flat movement as compared to the previous closing levels of Rs 489.55 apiece. The company’s stock has a piotroski score of 7.
The company’s stock touched its 52-week high price at Rs 846.75 in August 2023 and compared to those levels, the current share price exhibits a discount of around 42 percent.
During the recent financial quarters, the company’s basic business indicators, including the operating revenues as well as after-tax profits, showed positive movements with the former increasing from Rs 282 crores during Q2FY24 to Rs 305 crores during Q3FY24 and the latter, keeping the timeframe the same, took a shift from Rs 18 crores to Rs 20 crores.
Written by Amit Madnani
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