piotroskis
Joseph Piotroski is a numbercrunching accountant with a knack for identifying unpopular stocks that could turn into big winners. His research focuses on companies that have had high bookto-market ratios (B-M), that is, stocks with book values higher than their market values. The reasons for high B-M ratios can be attributed to the financial distress that these companies might be facing. However, using a series of balance sheet and accounting measures, Piotroski developed a methodology to pick gems from this morass. According to Piotroski, the key to improving returns is to avoid the slugs and focus on the quality, high B-M stocks. These stocks can be great investments because their share prices are likely to jump once the market recognises their potential.
by Irfan In
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | CMP / BV | ROA 12M % | ROA Prev Yr % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Utique Enterp. | 9.34 | 78.76 | 52.02 | 0.00 | -0.42 | -148.28 | 18.38 | 97.85 | -0.01 | 0.74 | 0.33 | -6.22 |
| 2. | Explicit Finance | 7.41 | 12.96 | 6.87 | 0.00 | 0.36 | 376.92 | 3.38 | -60.92 | 0.25 | 0.89 | 0.13 | -3.27 |
| 3. | Enterprise Intl. | 24.50 | 30.46 | 7.31 | 0.00 | 0.05 | 600.00 | 1.99 | -19.43 | 1.01 | 0.69 | 0.27 | -4.11 |
| 4. | Oricon Enterpris | 38.75 | 50.82 | 608.54 | 1.27 | 1.06 | 62.30 | 115.65 | -7.19 | 1.95 | 0.57 | 0.93 | -2.06 |
| 5. | Indian Wood Prod | 31.85 | 101.88 | 203.77 | 0.15 | 0.53 | 15.22 | 44.50 | -0.02 | 2.00 | 0.58 | 0.27 | -0.19 |
| 6. | Lead Financial S | 16.01 | 25.14 | 5.28 | 0.00 | 0.08 | -52.94 | 0.15 | -34.78 | 3.37 | 0.92 | 1.37 | 0.99 |
| 7. | TGB Banquets | 14.88 | 28.67 | 43.59 | 0.00 | 0.66 | 22.22 | 10.78 | 18.07 | 3.48 | 0.57 | 1.05 | -7.71 |
| 8. | Mathew Easow Res | 7.99 | 106.20 | 5.31 | 0.00 | 0.01 | 0.00 | 0.61 | 7.02 | 3.78 | 0.38 | 0.08 | -1.83 |
| 9. | Valson Industrie | 29.11 | 21.86 | 22.30 | 0.00 | 0.17 | 168.00 | 29.15 | -10.86 | 4.05 | 0.84 | 0.04 | -2.16 |
| 10. | Super Fine Knit. | 13.30 | 13.08 | 16.48 | 0.00 | 0.19 | 15.52 | 4.27 | 0.72 | 0.12 | -5.01 | ||
| 11. | Galada Finance | 17.10 | 23.32 | 5.13 | 0.00 | 0.04 | -33.33 | 0.37 | 68.18 | 4.52 | 0.97 | 0.14 | -3.25 |
| 12. | Aro Granite Inds | 54.50 | 63.66 | 83.38 | 0.00 | 0.36 | -26.53 | 32.90 | -29.94 | 5.03 | 0.44 | 0.29 | -1.28 |
| 13. | Omax Autos | 134.00 | 1146.52 | 286.63 | 0.75 | 16.59 | -65.27 | 103.99 | 12.71 | 5.19 | 0.96 | 0.05 | -4.40 |
| 14. | Elegant Marbles | 279.75 | 17.17 | 102.40 | 1.19 | 1.24 | 21.57 | 9.71 | 8.73 | 5.50 | 0.72 | 3.77 | 2.67 |
| 15. | Bindal Exports L | 20.95 | 26.05 | 9.64 | 0.00 | 0.13 | 17.31 | 6.08 | 0.99 | 2.04 | 1.96 | ||
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | CMP / BV | ROA 12M % | ROA Prev Yr % |
| 16. | G K P Printing | 10.50 | 88.84 | 23.09 | 0.00 | 0.01 | -93.33 | 5.40 | -61.92 | 6.35 | 0.99 | 2.58 | 2.36 |
| 17. | Solid Stone Co | 37.70 | 22.79 | 20.28 | 0.00 | 0.20 | -13.04 | 4.91 | -40.34 | 7.72 | 0.96 | 1.18 | -1.68 |
| 18. | Prakash Industri | 167.90 | 9.48 | 3006.79 | 0.00 | 80.56 | 77.95 | 885.07 | 16.34 | 7.87 | 0.97 | 4.65 | 4.30 |
| 19. | Arih.Found.Hsg. | 144.70 | 8.51 | 124.44 | 0.00 | 9.07 | 875.27 | 32.50 | 212.50 | 8.61 | 0.69 | 1.81 | -0.97 |
| 20. | GIC Housing Fin | 216.65 | 7.80 | 1166.66 | 2.09 | 35.60 | -45.57 | 261.11 | -7.02 | 8.69 | 0.68 | 1.84 | 1.40 |
| 21. | KEN Fin.Serv. | 13.01 | 15.60 | 3.90 | 0.00 | 0.05 | -75.00 | 0.15 | -65.91 | 9.01 | 0.55 | 3.32 | 2.89 |
| 22. | Riddhi Steel | 45.21 | 11.02 | 37.48 | 0.00 | 2.46 | 153.63 | 9.45 | 0.68 | 1.82 | 1.38 | ||
| 23. | Riba Textiles | 80.10 | 8.20 | 77.30 | 0.00 | 1.85 | 134.18 | 56.35 | -4.56 | 10.07 | 0.90 | 4.58 | 3.12 |
| 24. | Hind.Tin Works | 171.00 | 9.87 | 177.84 | 0.70 | 5.32 | 102.28 | 98.04 | 19.96 | 11.57 | 0.91 | 5.44 | 4.97 |
| 25. | Sangal Papers | 196.00 | 11.52 | 25.68 | 0.00 | 1.15 | 228.57 | 45.56 | -22.57 | 11.78 | 0.65 | 4.11 | 2.27 |
| Median: 28 Co. | 34.78 | 19.52 | 31.58 | 0.0 | 0.45 | 15.22 | 19.84 | -4.56 | 5.79 | 0.72 | 1.59 | 0.02 |