Top small-cap stocks with the highest Piotroski score

5paisa Research Team

Last Updated: 12th December 2022 - 12:47 pm

Nifty 50 continues its rally from its low registered in September 2022. With strong domestic and global cues, investing in quality small-cap stocks makes more sense. Read on to find out more about such stocks.

Nifty 50 opened today’s session on a strong note and encouraging global cues. Moreover, it has also surpassed the important Fibonacci level of 78.6%. However, strong resistance is seen near the 18,200 level. Any movement above this level will start a fresh move northward. On the journey southwards, 17,800 and 17,600 would act as strong support.

After making a strong rally in July 2022, the S&P BSE Small-Cap index corrected nearly 8.5% to 9%. In the month of October 2022, the S&P BSE Small-Cap index traded range bound. Unlike large-cap indices, the valuations of small-caps are lower. This serves as a good opportunity to gradually accumulate fundamentally strong small-cap stocks. In this article, we would be listing top-quality small-cap stocks having higher Piotroski score.

What really is Piotroski's score?

The Piotroski score is a unique number between zero and nine. This score is used to determine a company's financial strength. This is very popular among value investors, with a score of nine being the finest and a score of zero being the worst. The Piotroski score examines the profitability, leverage, liquidity, source of money, and operational efficiency of a firm.

The following is a list of the top small-cap stocks having a high Piotroski score.

Stocks	Piotroski Score	CMP (Rs)	PE TTM	Price to Book	Revenue QoQ Growth (%)
Vadilal Industries Ltd.	9	2,217.6	19.6	5.4	83.8
Jindal Drilling & Industries Ltd.	9	310.2	7.8	0.8	3.9
West Coast Paper Mills Ltd.	9	617.0	8.9	2	4.4
Andhra Paper Ltd.	9	491.8	9.9	1.8	6.1
Accelya Solutions India Ltd.	9	1,293.5	20.3	7.4	11.8

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