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. | Bronze Infra | 1.20 | 2.23 | 2.07 | 0.00 | -0.07 | -800.00 | -0.88 | -466.67 | 14.82 | 0.36 | 1.83 | 0.58 |
2. | Vaswani Industri | 32.20 | 10.70 | 96.60 | 0.00 | 3.10 | 169.57 | 90.36 | -18.92 | 13.23 | 0.79 | 4.63 | 2.88 |
3. | Ansal Buildwell | 126.00 | 6.41 | 92.99 | 0.00 | -5.02 | -356.36 | 2.79 | -38.82 | 13.06 | 0.76 | 2.92 | -0.59 |
4. | Jonjua Overseas | 10.77 | 7.06 | 8.54 | 0.00 | 0.57 | 2.96 | 12.67 | 0.86 | 7.73 | 5.55 | ||
5. | Ansal Housing | 16.32 | 31.66 | 113.65 | 0.00 | 19.67 | 920.14 | 146.78 | 191.58 | 12.64 | 0.94 | 0.18 | -0.49 |
6. | Mohit Paper Mill | 30.61 | 6.64 | 42.85 | 0.00 | 0.69 | -62.70 | 45.54 | -20.62 | 12.44 | 0.96 | 4.05 | 3.88 |
7. | GSB Finance | 15.29 | 7.28 | 9.17 | 0.00 | -0.44 | -109.52 | 0.86 | 177.42 | 11.74 | 0.67 | 7.65 | 0.39 |
8. | Majestic Auto | 362.80 | 11.79 | 377.31 | 4.13 | -0.16 | 68.63 | 15.52 | 19.66 | 11.61 | 0.61 | 4.47 | 0.76 |
9. | Emami Paper | 119.79 | 8.60 | 724.73 | 1.34 | 27.19 | 341.26 | 484.47 | -12.28 | 11.28 | 0.94 | 4.57 | 3.68 |
10. | Shree Bhavya | 21.70 | 10.68 | 20.62 | 0.00 | 0.73 | 69.77 | 50.51 | -6.10 | 11.27 | 0.62 | 1.23 | 0.99 |
11. | Zuari Agro Chem. | 191.25 | 8.06 | 804.36 | 0.00 | 77.36 | -71.19 | 897.67 | -32.96 | 11.13 | 0.47 | 3.46 | 2.50 |
12. | Hind.Tin Works | 163.40 | 9.97 | 169.94 | 0.73 | 3.02 | -24.50 | 87.77 | 8.29 | 11.09 | 0.83 | 5.64 | 5.44 |
13. | Nyssa Corp. | 6.99 | 8.96 | 20.97 | 0.00 | -0.93 | -3.33 | 0.41 | 95.24 | 10.64 | 0.70 | 6.62 | 2.34 |
14. | Himatsing. Seide | 131.99 | 11.52 | 1299.57 | 0.00 | 23.74 | 6.22 | 696.87 | 1.05 | 10.54 | 0.83 | 1.99 | -1.49 |
15. | Ekam Leasing | 5.48 | 5.22 | 3.29 | 0.00 | 0.42 | 940.00 | 0.15 | 0.00 | 10.52 | 0.37 | 5.92 | -1.76 |
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. | Riddhi Steel | 48.00 | 8.29 | 39.79 | 0.00 | 2.34 | 173.95 | 10.44 | 0.70 | 2.62 | 1.82 | ||
17. | Riba Textiles | 77.14 | 9.40 | 74.44 | 0.00 | 2.34 | -39.22 | 74.02 | 9.58 | 10.19 | 0.83 | 4.61 | 4.58 |
18. | Madhya Prad. Tod | 34.50 | 6.20 | 15.76 | 0.00 | 1.52 | 13.47 | 9.72 | 0.38 | 5.33 | 5.23 | ||
19. | IRB InvIT Fund | 65.36 | 10.17 | 3794.15 | 184.00 | -19.41 | 543.69 | 1.12 | 9.37 | 0.97 | 2.97 | 2.92 | |
20. | Inditrade Cap. | 30.01 | 35.57 | 70.08 | 0.00 | 1.38 | 107.49 | 41.06 | 19.99 | 8.61 | 0.59 | 0.68 | -3.48 |
21. | Solid Stone Co | 34.87 | 22.07 | 18.76 | 0.00 | 0.29 | -12.12 | 7.28 | -15.45 | 8.29 | 0.87 | 1.60 | 1.18 |
22. | Mafia Trends | 15.49 | 20.82 | 6.87 | 0.65 | 0.26 | 3.80 | 8.05 | 0.91 | 2.36 | 1.71 | ||
23. | Konark Synth | 20.07 | 72.88 | 11.66 | 0.00 | -0.04 | 99.09 | 7.98 | 33.00 | 8.03 | 0.39 | 0.29 | -6.80 |
24. | Elpro Internatio | 92.42 | 18.32 | 1566.33 | 0.65 | 24.03 | 7609.38 | 113.34 | 161.63 | 7.86 | 0.97 | 4.70 | 2.56 |
25. | Intrasoft Tech. | 123.04 | 18.49 | 181.24 | 0.00 | 2.36 | -3.67 | 121.50 | 2.96 | 7.64 | 0.86 | 2.62 | 2.47 |
Median: 57 Co. | 41.82 | 18.32 | 59.4 | 0.0 | 0.82 | 26.09 | 24.21 | 2.04 | 6.51 | 0.7 | 2.36 | 0.8 |