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. | Hexa Tradex | 150.00 | 8.99 | 828.75 | 0.00 | -1.47 | 73.89 | -3.63 | -1030.77 | 3.87 | 0.21 | 2.29 | -0.76 |
| 2. | Utique Enterp. | 9.12 | 76.93 | 50.78 | 0.00 | -0.42 | -148.28 | 18.38 | 97.85 | -0.01 | 0.70 | 0.33 | -6.22 |
| 3. | 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 |
| 4. | Majestic Auto | 354.00 | 11.49 | 368.17 | 4.25 | -0.16 | 68.63 | 15.52 | 19.66 | 11.61 | 0.58 | 4.47 | 0.76 |
| 5. | Bronze Infra | 1.12 | 2.08 | 1.93 | 0.00 | -0.07 | -800.00 | -0.88 | -466.67 | 14.82 | 0.33 | 1.83 | 0.58 |
| 6. | Mathew Easow Res | 7.66 | 101.80 | 5.09 | 0.00 | 0.01 | 0.00 | 0.61 | 7.02 | 3.78 | 0.36 | 0.08 | -1.83 |
| 7. | KJMC Financial | 65.30 | 36.35 | 31.25 | 0.00 | 0.02 | 103.92 | 1.18 | 84.38 | 1.83 | 0.23 | 0.70 | -0.95 |
| 8. | Paramount Cosmet | 39.49 | 68.46 | 19.16 | 0.00 | 0.03 | 50.00 | 6.28 | -20.20 | 6.08 | 0.94 | 0.46 | -8.50 |
| 9. | KEN Fin.Serv. | 20.60 | 24.72 | 6.18 | 0.00 | 0.05 | -75.00 | 0.15 | -65.91 | 9.01 | 0.87 | 3.32 | 2.89 |
| 10. | Enterprise Intl. | 24.23 | 30.13 | 7.23 | 0.00 | 0.05 | 600.00 | 1.99 | -19.43 | 1.01 | 0.69 | 0.27 | -4.11 |
| 11. | KJMC Corporate | 60.06 | 10.25 | 23.58 | 0.00 | 0.15 | -72.73 | 2.42 | 54.14 | 6.45 | 0.40 | 4.03 | 0.67 |
| 12. | Valson Industrie | 27.00 | 20.28 | 20.68 | 0.00 | 0.17 | 168.00 | 29.15 | -10.86 | 4.05 | 0.79 | 0.04 | -2.16 |
| 13. | Super Fine Knit. | 12.01 | 11.81 | 14.88 | 0.00 | 0.19 | 15.52 | 4.27 | 0.65 | 0.12 | -5.01 | ||
| 14. | Mafia Trends | 15.96 | 21.45 | 7.08 | 0.63 | 0.26 | 3.80 | 8.05 | 0.93 | 2.36 | 1.71 | ||
| 15. | Solid Stone Co | 37.00 | 23.42 | 19.91 | 0.00 | 0.29 | -12.12 | 7.28 | -15.45 | 8.29 | 0.91 | 1.60 | 1.18 |
| 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. | Aro Granite Inds | 54.00 | 63.05 | 82.60 | 0.00 | 0.36 | -26.53 | 32.90 | -29.94 | 5.03 | 0.44 | 0.29 | -1.28 |
| 17. | Explicit Finance | 6.12 | 10.71 | 5.67 | 0.00 | 0.36 | 376.92 | 3.38 | -60.92 | 0.25 | 0.73 | 0.13 | -3.27 |
| 18. | City Pulse Multi | 131.15 | 290.13 | 43.52 | 0.00 | 0.49 | 275.00 | 1.12 | 185.71 | 2.12 | 0.48 | 1.67 | -8.07 |
| 19. | Indian Wood Prod | 29.69 | 94.98 | 189.95 | 0.16 | 0.53 | 15.22 | 44.50 | -0.02 | 2.00 | 0.54 | 0.27 | -0.19 |
| 20. | Uniroyal Ind | 20.50 | 19.71 | 16.95 | 0.00 | 0.56 | 1220.00 | 24.28 | -14.96 | 7.02 | 0.87 | 1.68 | -1.73 |
| 21. | Jonjua Overseas | 9.92 | 6.50 | 7.86 | 0.00 | 0.57 | 2.96 | 12.67 | 0.79 | 7.73 | 5.55 | ||
| 22. | Nectar Lifesci. | 33.14 | 148.96 | 743.20 | 0.00 | 0.59 | -83.97 | 441.38 | 13.52 | 5.98 | 0.68 | 0.23 | -2.82 |
| 23. | TGB Banquets | 15.64 | 30.13 | 45.80 | 0.00 | 0.66 | 22.22 | 10.78 | 18.07 | 3.48 | 0.59 | 1.05 | -7.71 |
| 24. | Alstone Textiles | 0.69 | 21.10 | 87.96 | 0.00 | 0.88 | -77.44 | 0.00 | 1.04 | 0.57 | 1.03 | -0.35 | |
| 25. | Hindoo. Mills | 288.30 | 37.68 | 47.85 | 0.00 | 0.91 | 403.33 | 22.66 | -26.00 | 3.30 | 0.96 | 1.68 | -11.06 |
| Median: 48 Co. | 57.03 | 19.34 | 78.44 | 0.0 | 0.9 | 22.22 | 24.25 | 0.52 | 6.03 | 0.72 | 1.83 | -0.14 |