The Piotroski score is a discrete score ranging from zero to nine that represents nine parameters used to assess a company’s financial strength. The Piotroski score is used to identify the greatest value stocks, with nine being the best and zero the worst.
Here is the Tata Group stock high Piotroski score;
Tata Chemicals Ltd
Tata Chemicals Ltd. produces salt, soda ash, bicarbonate, refined soda, and marine chemicals. The company’s chemical solutions serve leading downstream brands such as glass, detergents, and medicines worldwide.
With a market capitalization of Rs 28,277.95 crore, the shares closed at Rs 1,110.00 per share, increased around 0.47 percent compared to the previous closing price of Rs 1,104.80 apiece. The firm received a Piotroski score of ‘nine’.
Tata Chemical has a capex of Rs 1,578 crore in fiscal year 2022-23. The firm increased its sales of soda ash to 3,538 KT, sodium bicarbonate to 225 KT, and salt to 1,628 KT.
Tata Chemicals is the world’s third-largest producer of soda ash, with an installed capacity of 4.36 million MT. While long-term growth (CAGR) is expected to be 3 percent globally and 6 percent in India, new application categories such as solar glass and lithium carbonate, in addition to traditional uses, are driving quicker growth.
Looking into the company’s performance, Tata Chemical Ltd’s revenue declined by 5 percent from Rs 4,239 Crore in Q2FY23 to Rs 3,998 Crore in Q2FY24. During the same period, net profit declined by 27 percent from Rs 680 crore to Rs 495 crore.
Tata Chemicals North America is one of the country’s top soda ash producers, accounting for 20 percent of the US domestic market. The company recently departed ANSAC, and its direct link with worldwide clients has expanded, allowing Tata to focus on expanding its export potential.
Tata Chemicals has 15 manufacturing facilities in 5 countries and a marketing presence spread across more than 90 countries.
On a consolidated basis, income from operations rose to Rs 16,789 crore in FY 2022-23 from Rs 12,622 crore in FY 2021-22. The rise was mostly due to increasing soda ash pricing across regions.
Written by:- Abhishek Singh
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