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. | Riddhi Steel | 49.47 | 12.06 | 41.01 | 0.00 | 2.46 | 153.63 | 9.45 | 0.75 | 1.82 | 1.38 | ||
| 2. | Super Fine Knit. | 12.01 | 11.81 | 14.88 | 0.00 | 0.19 | 15.52 | 4.27 | 0.65 | 0.12 | -5.01 | ||
| 3. | Jonjua Overseas | 9.92 | 6.50 | 7.86 | 0.00 | 0.57 | 2.96 | 12.67 | 0.79 | 7.73 | 5.55 | ||
| 4. | Pace E-Commerce | 30.25 | 28.52 | 68.16 | 0.00 | 2.12 | 29.59 | 5.41 | 0.93 | 3.19 | 1.15 | ||
| 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. | Utique Enterp. | 9.20 | 77.61 | 51.22 | 0.00 | -0.42 | -148.28 | 18.38 | 97.85 | -0.01 | 0.73 | 0.33 | -6.22 |
| 7. | GCM Capital | 6.07 | 19.77 | 10.28 | 0.00 | 0.37 | -100.00 | 0.72 | -12.80 | 2.30 | 0.37 | 1.79 | -21.86 |
| 8. | Nectar Lifesci. | 33.00 | 148.31 | 740.06 | 0.00 | 0.59 | -83.97 | 441.38 | 13.52 | 5.98 | 0.69 | 0.23 | -2.82 |
| 9. | Alstone Textiles | 0.69 | 21.09 | 87.96 | 0.00 | 0.88 | -77.44 | 0.00 | 1.04 | 0.58 | 1.03 | -0.35 | |
| 10. | 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 |
| 11. | KJMC Corporate | 63.55 | 10.85 | 24.95 | 0.00 | 0.15 | -72.73 | 2.42 | 54.14 | 6.45 | 0.43 | 4.03 | 0.67 |
| 12. | Zuari Agro Chem. | 181.00 | 7.63 | 761.25 | 0.00 | 77.36 | -71.19 | 897.67 | -32.96 | 11.13 | 0.45 | 3.46 | 2.50 |
| 13. | Omax Autos | 135.25 | 1157.20 | 289.30 | 0.74 | 16.59 | -65.27 | 103.99 | 12.71 | 5.19 | 0.97 | 0.05 | -4.40 |
| 14. | Tera Software | 61.80 | 18.28 | 77.32 | 0.00 | 1.72 | -50.86 | 23.14 | -49.38 | 7.47 | 0.69 | 2.09 | -6.73 |
| 15. | Rajshree Sugars | 62.15 | 14.97 | 205.94 | 0.00 | 15.80 | -32.48 | 186.01 | -14.68 | 6.84 | 0.78 | 1.69 | -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. | Indl. Inv. Trust | 155.15 | 21.30 | 349.83 | 0.00 | 41.06 | -27.55 | 7.42 | 14.86 | 15.56 | 0.92 | 12.02 | -10.62 |
| 17. | Aro Granite Inds | 54.35 | 63.48 | 83.16 | 0.00 | 0.36 | -26.53 | 32.90 | -29.94 | 5.03 | 0.43 | 0.29 | -1.28 |
| 18. | IRB InvIT Fund | 65.83 | 10.24 | 3821.43 | 184.00 | -19.41 | 543.69 | 1.12 | 9.37 | 0.98 | 2.97 | 2.92 | |
| 19. | ATV Projects | 26.82 | 22.05 | 142.47 | 0.00 | 1.52 | -14.12 | 19.20 | 40.76 | 2.59 | 0.72 | 2.42 | 1.40 |
| 20. | Hindustan Media | 97.50 | 96.42 | 718.30 | 0.00 | 11.10 | -13.57 | 188.05 | -0.04 | 0.24 | 0.49 | 0.34 | -1.88 |
| 21. | Solid Stone Co | 34.98 | 22.14 | 18.82 | 0.00 | 0.29 | -12.12 | 7.28 | -15.45 | 8.29 | 0.87 | 1.60 | 1.18 |
| 22. | Intrasoft Tech. | 125.80 | 18.91 | 185.30 | 0.00 | 2.36 | -3.67 | 121.50 | 2.96 | 7.64 | 0.88 | 2.62 | 2.47 |
| 23. | 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 |
| 24. | Diana Tea Co | 27.46 | 171.54 | 41.17 | 0.00 | -8.23 | 0.60 | 6.90 | -20.87 | 3.25 | 0.60 | 0.21 | -2.49 |
| 25. | Himatsing. Seide | 130.05 | 11.35 | 1280.47 | 0.00 | 23.74 | 6.22 | 696.87 | 1.05 | 10.54 | 0.82 | 1.99 | -1.49 |
| Median: 55 Co. | 54.35 | 18.91 | 72.52 | 0.0 | 0.88 | 26.09 | 23.14 | -0.03 | 5.5 | 0.71 | 1.82 | -0.19 |