piotroski scan
Understanding the Piotroski Score The Piotroski score is broken down into the following categories: Profitability Leverage, liquidity, and source of funds Operating efficiency Profitability Criteria Include: Positive net income (1 point) Positive return on assets (ROA) in the current year (1 point) Positive operating cash flow in the current year (1 point) Cash flow from operations being greater than net Income (quality of earnings) (1 point) Leverage, Liquidity, and Source of Funds Criteria Include: Lower amount of long term debt in the current period, compared to the previous year (decreased leverage) (1 point) Higher current ratio this year compared to the previous year (more liquidity) (1 point) No new shares were issued in the last year (lack of dilution) (1 point). Operating Efficiency Criteria Include: A higher gross margin compared to the previous year (1 point) A higher asset turnover ratio compared to the previous year (1 point) Reading the Score If a company has a score of 8 or 9, it is considered a good value. If the score adds up to between 0-2 points, the stock is considered weak. Piotroski's April 2000 paper "Value Investing:
by Arnab
| 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 % | Piotski Scr |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Force Motors | 10504.30 | 25.29 | 13840.72 | 0.19 | 434.74 | 26.81 | 2356.01 | 17.14 | 29.80 | 9.00 |
| 2. | Atul | 7003.85 | 42.64 | 20620.57 | 0.29 | 130.13 | 116.57 | 1451.64 | 19.76 | 12.72 | 9.00 |
| 3. | Multi Comm. Exc. | 6401.40 | 58.29 | 32646.14 | 0.12 | 135.46 | 54.16 | 291.33 | 60.83 | 42.86 | 9.00 |
| 4. | Pfizer | 4931.95 | 35.25 | 22562.52 | 0.71 | 330.94 | 10.89 | 591.91 | 8.28 | 21.58 | 9.00 |
| 5. | Torrent Pharma. | 3334.20 | 58.50 | 112839.40 | 0.85 | 498.00 | 14.78 | 2959.00 | 7.80 | 27.22 | 9.00 |
| 6. | Glaxosmi. Pharma | 2977.95 | 54.57 | 50448.29 | 1.39 | 262.87 | 36.37 | 974.37 | 4.79 | 66.88 | 9.00 |
| 7. | Bombay Burmah | 1980.75 | 12.32 | 13820.09 | 0.87 | 584.78 | 0.77 | 4518.82 | 8.58 | 35.46 | 9.00 |
| 8. | Zydus Wellness | 1964.05 | 36.65 | 12497.67 | 0.27 | 171.90 | 14.37 | 913.10 | 16.68 | 6.32 | 9.00 |
| 9. | KPIT Technologi. | 1329.95 | 43.41 | 36459.80 | 0.51 | 244.73 | 49.38 | 1528.34 | 15.98 | 40.88 | 9.00 |
| 10. | Indian Hotels Co | 758.95 | 63.91 | 108031.41 | 0.23 | 562.66 | 25.43 | 2425.14 | 27.28 | 17.50 | 9.00 |
| 11. | Eureka Forbes | 636.25 | 77.11 | 12304.51 | 0.00 | 50.75 | 52.99 | 612.54 | 10.75 | 5.07 | 9.00 |
| 12. | Emami | 602.50 | 32.78 | 26299.11 | 1.31 | 162.17 | 10.51 | 963.05 | 8.06 | 33.86 | 9.00 |
| 13. | EIH | 375.70 | 30.95 | 23494.93 | 0.32 | 261.62 | 26.50 | 827.45 | 11.62 | 23.19 | 9.00 |
| 14. | AWL Agri Busine. | 264.50 | 28.09 | 34376.50 | 0.00 | 190.66 | 21.39 | 18229.59 | 37.86 | 20.84 | 9.00 |
| 15. | B H E L | 248.45 | 162.06 | 86511.85 | 0.10 | 504.45 | 3.03 | 8993.37 | 8.88 | 4.46 | 9.00 |
| 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 % | Piotski Scr |
| 16. | Indian Energy Ex | 197.45 | 42.46 | 17606.44 | 1.53 | 111.99 | 17.76 | 141.26 | 16.47 | 53.61 | 9.00 |
| 17. | Zee Entertainmen | 124.30 | 15.73 | 11939.24 | 0.82 | 188.40 | 1144.88 | 2184.10 | 0.65 | 9.21 | 9.00 |
| 18. | IRB Infra.Devl. | 51.24 | 30.98 | 30943.87 | 0.60 | 214.72 | 13.68 | 2149.24 | 4.27 | 7.82 | 9.00 |