Top smallcap stocks with a high Piotroski score

Top smallcap stocks with a high Piotroski score

by 5paisa Research Team Last Updated: 2022-03-21T13:36:38+05:30

With markets being quite volatile, investing in companies with sound financials makes sense. In this article, we would be listing top smallcap stocks having high Piotroski scores.

Today, S&P BSE Sensex and Nifty 50 opened flat pressure weighed by banking, financial services and FMCG sectors. On the flip side, the metal sector outperformed its counterparts accredited to mixed global cues. As the crude oil prices jump to USD 110 a barrel amid the Russia-Ukraine war, investors are trading cautiously.

After the first 30 minutes of the trade, S&P BSE Sensex was trading up by 0.14% at 57,945. Said that at the time of writing the day’s high and low of S&P BSE Sensex was at 58,128 and 57,570, respectively.

The markets now would consolidate until any major development is witnessed in the geopolitical tension between Russia and Ukraine. However, markets still hold the downwards bias as it made a lower low on February 24, 2022, and is still far away from the swing high of 18,351. Moreover, it failed to surpass the levels of 17,300 which is also its 61.8% Fibonacci retracement level. Having said that, it makes complete sense to gradually accumulate stocks with sound financials and nothing better than looking at companies with high Piotroski score.

What is the Piotroski score?

The Piotroski score is a discrete score ranging from zero and nine where the companies are put through nine criteria where one criterion carry one point. This score is used to understand the financial strength of a company. This is particularly popular among the value investors where the score of nine being the best and zero being the worst. The Piotroski score majorly checks the company’s profitability, leverage, liquidity, source of funds and operating efficiency.

Below is the list of the top 10 smallcap stocks with a high Piotroski score.

Stocks 

Piotroski Score 

Last Traded Price (Rs) 

Market Cap (Rs Crore) 

P/E TTM 

P/B 

Revenue QoQ Growth (%) 

National Aluminium Company Ltd. 

121.1 

22,241.60 

7.8 

2.1 

5.00% 

Greenpanel Industries Ltd. 

570.75 

6,999.00 

32.4 

9.6 

0.50% 

Hikal Ltd. 

414.1 

5,105.90 

26.8 

5.5 

9.70% 

Dalmia Bharat Sugar Industries Ltd. 

517.5 

4,188.60 

14.3 

-15.40% 

Rupa & Company Ltd. 

460.05 

3,658.50 

17.9 

17.90% 

Dhampur Sugar Mills Ltd. 

538.55 

3,575.30 

15.1 

2.3 

17.40% 

Dollar Industries Ltd. 

568.6 

3,224.90 

24.8 

-2.20% 

Somany Home Innovation Ltd. 

375.85 

2,717.30 

14.6 

8.2 

5.20% 

Butterfly Gandhimath Appliances Ltd. 

1376.75 

2,461.60 

55.5 

11 

-35.90% 

GE T&D India Ltd. 

92.05 

2,356.90 

-214.7 

2.1 

7.30% 


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