Piotroski score, named after Stanford accounting professor Joseph Piotroski, is a number between ‘0’ and ‘9’ that is used to assess the strength of a company’s financial position. The score is used by financial investors to find the best-value stocks.
Vijay Kedia is an Investor trader also known by the alias of the ‘Master market’. Although Vijay was born into a family of stockbrokers his journey has been rather interesting and inspiring. Although he joined the family stockbroking business he soon realized that broking was not meant for him and therefore he ventured into trading without much success.
Kedia has a very interesting investing strategy he calls ‘SMILE’, which is an abbreviation for Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential. As per the latest shareholdings pattern, Vijay Kedia publicly holds over 15 stocks with a net worth of around Rs.1,507.33 crores.
Listed below are the stocks in Vijay Kedia’s portfolio that have a high Piotrowski score:
Elecon Engineering Company Ltd
With a market capitalisation of Rs. 12,193 crores, the shares of Elecon Engineering Company started Friday’s trading session on a higher note at Rs. 1,025 compared to its previous close of Rs. 1,016.15.
The shares hit a high of Rs. 1,091, gaining around 7 percent and closed the day at Rs. 1,085 apiece. The company has a Piotroski score of ‘9’.
During the recent financial years, the company’s basic business parameters such as operating revenues and net profits showed positive movements with the former increasing from Rs. 1,212 crores during FY21-22 to Rs. 1,530 crores during FY22-23, and the latter, during the same period, rose drastically from Rs 140 crores to Rs 237 crores.
According to the BSE data, Ace Investor Mr Vijay Kedia, entering the stock in June 2021, currently holds 16,50,000 lakh equity shares equivalent to a 1.47 percent stake in this company. The current holding value of his investment amounts to Rs. 170.7 crores.
In addition to the above, the company reported an increase in the profitability ratios, viz, the return on equity (RoE) and the return on capital employed (RoCE). The former increased from 10.52 percent during FY21-22 to 17.43 percent during FY22-23, and, the latter, during the same period, shifted from 16.05 percent to 22.79 percent.
Talbros Automotive Components Ltd
With a market capitalisation of Rs. 1,743 crores, the shares of Talbros Automotive Components started Friday’s trading session on a flatter note at Rs. 280.55 compared to its previous close of Rs. 281.
The shares hit a high of Rs. 291, gaining around 2 percent and closed the day at Rs. 281.95 apiece. The company has a Piotroski score of ‘9’.
During the recent financial years, the company’s basic business parameters such as operating revenues and net profits showed positive movements with the former increasing from Rs. 577 crores during FY21-22 to Rs. 647 crores during FY22-23, and the latter, during the same period, rose from Rs. 45 crores to Rs. 56 crores.
According to the BSE data, Ace Investor Mr Vijay Kedia, entering the stock in December 2021, currently holds 6,25,000 lakh equity shares equivalent to a 1.01 percent stake in this company. The current holding value of his investment amounts to Rs. 18 crores.
Due to increasing expenditure, the profitability metrics of the company declined marginally with the return on equity (RoE) decreasing from 13.80 percent during FY 21-22 to 13.56 percent in FY 22-23, and, the return on capital employed (RoCE) decreased from 20.82 percent to 20.17 percent during the same timeframe.
Precision Camshafts Ltd
With a market capitalisation of Rs. 2,375 crores, the shares of Precision Camshafts started Friday’s trading session on a flatter note at Rs. 245 compared to its previous close of Rs. 244.25.
The shares hit a high of Rs. 248.90, gaining around 1 percent and closed the day at Rs. 244 apiece. The company has a Piotroski score of ‘8’.
During the recent financial years, the company’s operating revenues showed positive movements, increasing from Rs. 895 crores during FY21-22 to Rs. 1,080 crores during FY22-23. On the other hand, the net profits remained constant at Rs. 46 crores during the same period.
According to the BSE data, Ace Investor Mr Vijay Kedia, entering the stock in March 2023, currently holds 11,00,000 lakh equity shares equivalent to a 1.16 percent stake in this company. The current holding value of his investment amounts to Rs. 27.5 crores.
Looking at the company’s important financial ratios, the return on equity decreased marginally from 8.58 percent during FY21-22 to 7.42 percent in FY22-23. On a contrasting note, the return on capital employed increased from 9.05 percent to 10.52 percent during the same timeframe.
Written By Vaibhav Patil
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
