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. | 9.59 | 80.89 | 53.39 | 0.00 | -0.42 | -148.28 | 18.38 | 97.85 | -0.01 | 0.76 | 0.33 | -6.22 |
| 2. | Hindustan Media | 104.00 | 102.84 | 766.18 | 0.00 | 11.10 | -13.57 | 188.05 | -0.04 | 0.24 | 0.52 | 0.34 | -1.88 |
| 3. | Explicit Finance | 5.90 | 10.32 | 5.47 | 0.00 | 0.36 | 376.92 | 3.38 | -60.92 | 0.25 | 0.71 | 0.13 | -3.27 |
| 4. | Enterprise Intl. | 23.96 | 29.79 | 7.15 | 0.00 | 0.05 | 600.00 | 1.99 | -19.43 | 1.01 | 0.67 | 0.27 | -4.11 |
| 5. | KJMC Financial | 69.45 | 38.65 | 33.24 | 0.00 | 0.02 | 103.92 | 1.18 | 84.38 | 1.83 | 0.25 | 0.70 | -0.95 |
| 6. | Oricon Enterpris | 38.80 | 50.86 | 609.35 | 1.29 | 1.06 | 62.30 | 115.65 | -7.19 | 1.95 | 0.54 | 0.93 | -2.06 |
| 7. | Indian Wood Prod | 30.27 | 96.82 | 193.65 | 0.17 | 0.53 | 15.22 | 44.50 | -0.02 | 2.00 | 0.55 | 0.27 | -0.19 |
| 8. | City Pulse Multi | 124.95 | 276.40 | 41.46 | 0.00 | 0.49 | 275.00 | 1.12 | 185.71 | 2.12 | 0.46 | 1.67 | -8.07 |
| 9. | ATV Projects | 26.76 | 22.00 | 142.15 | 0.00 | 1.52 | -14.12 | 19.20 | 40.76 | 2.59 | 0.72 | 2.42 | 1.40 |
| 10. | Godha Cabcon | 0.65 | 84.92 | 43.31 | 0.00 | 1.22 | 113.56 | 16.69 | 356.01 | 3.12 | 0.63 | 1.05 | -4.99 |
| 11. | Lead Financial S | 16.50 | 25.95 | 5.45 | 0.00 | 0.08 | -52.94 | 0.15 | -34.78 | 3.37 | 0.94 | 1.37 | 0.99 |
| 12. | TGB Banquets | 17.00 | 32.76 | 49.79 | 0.00 | 0.66 | 22.22 | 10.78 | 18.07 | 3.48 | 0.64 | 1.05 | -7.71 |
| 13. | Mathew Easow Res | 8.28 | 110.20 | 5.51 | 0.00 | 0.01 | 0.00 | 0.61 | 7.02 | 3.78 | 0.39 | 0.08 | -1.83 |
| 14. | Valson Industrie | 27.75 | 20.84 | 21.26 | 0.00 | 0.17 | 168.00 | 29.15 | -10.86 | 4.05 | 0.80 | 0.04 | -2.16 |
| 15. | Kiran Vyapar | 168.10 | 8.89 | 458.65 | 0.59 | 5.20 | 400.58 | 24.21 | 17.35 | 4.10 | 0.26 | 2.73 | 2.33 |
| 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. | Super Fine Knit. | 12.01 | 11.81 | 14.88 | 0.00 | 0.19 | 15.52 | 4.27 | 0.65 | 0.12 | -5.01 | ||
| 17. | Galada Finance | 16.50 | 22.50 | 4.95 | 0.00 | 0.04 | -33.33 | 0.37 | 68.18 | 4.52 | 0.93 | 0.14 | -3.25 |
| 18. | Aro Granite Inds | 52.55 | 61.37 | 80.40 | 0.00 | 0.36 | -26.53 | 32.90 | -29.94 | 5.03 | 0.42 | 0.29 | -1.28 |
| 19. | Elegant Marbles | 268.05 | 16.46 | 98.11 | 1.23 | 1.24 | 21.57 | 9.71 | 8.73 | 5.50 | 0.70 | 3.77 | 2.67 |
| 20. | Dhanlaxmi Cotex | 63.15 | 10.64 | 30.76 | 0.00 | -0.40 | 13.04 | 3.75 | -13.99 | 5.68 | 0.43 | 4.74 | 0.52 |
| 21. | Nectar Lifesci. | 34.65 | 155.72 | 777.06 | 0.00 | 0.59 | -83.97 | 441.38 | 13.52 | 5.98 | 0.73 | 0.23 | -2.82 |
| 22. | Paramount Cosmet | 41.00 | 71.11 | 19.91 | 0.00 | 0.03 | 50.00 | 6.28 | -20.20 | 6.08 | 0.97 | 0.46 | -8.50 |
| 23. | G K P Printing | 10.06 | 85.12 | 22.13 | 0.00 | 0.01 | -93.33 | 5.40 | -61.92 | 6.35 | 0.94 | 2.58 | 2.36 |
| 24. | KJMC Corporate | 70.48 | 12.03 | 27.67 | 0.00 | 0.15 | -72.73 | 2.42 | 54.14 | 6.45 | 0.47 | 4.03 | 0.67 |
| 25. | Cian Healthcare | 20.80 | 742.71 | 51.99 | 0.00 | -1.48 | 32.61 | 6.91 | 0.93 | 1.19 | -3.38 | ||
| Median: 37 Co. | 38.8 | 20.84 | 43.31 | 0.0 | 0.49 | 6.52 | 16.69 | 0.55 | 5.5 | 0.71 | 1.37 | -0.97 |