Debt free shares with a excessive piotroski rating of as much as 9 so as to add to your watchlist

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Having zero debt or little or no debt can grant an organization monetary stability in the long run. Debt will help to gasoline progress and provide tax benefits, but it surely additionally carries dangers like potential insolvency and monetary pressure. Solely a small handful of public firms right now have zero or near-zero debt. 

Piotroski rating, named after Stanford accounting professor Joseph Piotroski, is a quantity between ‘0’ and ‘9’ used to evaluate the power of an organization’s monetary place. Monetary buyers use the rating to seek out the best-value shares. 

Listed under are such debt-free shares with a excessive Piotroski rating of upto 9: 

Fast Heal Applied sciences Ltd 

With a market capitalization of Rs. 2,557 crores, the shares of the safety software program firm began Friday’s buying and selling session on a better word at Rs. 438.90 in comparison with its earlier shut of Rs. 435.90. Throughout the buying and selling session, the shares hit a excessive of Rs. 478.60, gaining round 9 % and closed the day at Rs. 474 apiece. The shares have a excessive Piotroski rating of seven’.

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Wanting on the firm’s monetary statements, the income decreased marginally by 2 % from Rs. 82 crores throughout the December quarter to Rs. 80 crores within the March quarter. Contrastingly the online earnings elevated by 40 % from Rs. 10 crores to Rs. 14 crores throughout the identical interval. 

Coming onto the necessary ratios, the corporate has a debt-to-equity ratio of ‘zero’ which signifies that the enterprise hasn’t relied on borrowing to finance operations. Moreover, the return on fairness (RoE) was at 5.54 % throughout FY 23-24 and the return on capital employed was recorded (RoCE) at 5.99 % throughout the identical interval. 

In keeping with the BSE knowledge, Ace Investor Mr Mukul Agrawal entered the inventory in March 2024, by buying roughly 7 lakh fairness shares equal to a 1.31 % stake on this firm. The present holding worth of his funding quantities to Rs. 30.6 crores. 

Maharashtra Seamless Ltd 

With a market capitalization of Rs. 9,179 crores, the shares of Metal Pipes manufacturing firm began Friday’s buying and selling session on a better word at Rs. 697.10 in comparison with its earlier shut of Rs. 689.80. Throughout the buying and selling session, the shares hit a low of Rs. 686.05, dropping round 1 % and closed the day at Rs. 688. The shares have a excessive Piotroski rating of 8’.

Wanting on the firm’s monetary efficiency, the income decreased by 15 % from Rs. 1,431 crores throughout the December quarter to Rs. 1,215 crores within the March quarter. Moreover, the online earnings declined by 21 % from Rs. 276 crores to Rs. 218 crores duirng the identical timeframe. 

Coming onto the necessary ratios, the corporate has a debt-to-equity ratio of ‘zero’ which signifies that the enterprise hasn’t relied on borrowing to finance operations. Moreover, the return on fairness (RoE) was at 16.60 % throughout FY 23-24 and the return on capital employed was recorded (RoCE) at 20.36 % throughout the identical interval. 

Furthermore, the corporate possesses an order ebook valued at Rs. 1,754 crores. It retains a market share of 55 % within the seamless pipes section, supported by manufacturing amenities positioned in Nagothane and Mangaon, Maharashtra, in addition to Narketpally, Telangana.

RPG Life Sciences Ltd 

With a market capitalization of Rs. 2,514 crores, the shares of the pharmaceutical firm began Friday’s buying and selling session on a better word at Rs. 1,545.80 in comparison with its earlier shut of Rs. 1,535.80. Throughout the buying and selling session, the shares hit a low of Rs. 1,519, dropping round 1 % and closed the day at Rs. 1,524 apiece. ‘The shares have a excessive Piotroski rating of 9’. 

Wanting on the firm’s monetary statements, the income decreased by 18 % from Rs. 154 crores throughout the December quarter to Rs. 127 crores within the March quarter. Alternatively, the online earnings declined by 50 % from Rs. 26 crores to Rs. 13 crores throughout the identical timeframe. 

Coming onto the necessary ratios, the corporate has a debt-to-equity ratio of ‘zero’ which signifies that the enterprise hasn’t relied on borrowing to finance operations. Moreover, the return on fairness (RoE) was at 23.4 % throughout FY 23-24 and the return on capital employed was recorded (RoCE) at 31 % throughout the identical interval. 

Moreover, the corporate has recognized 70 merchandise for a three-year product grid, specializing in new product launches and line extensions and the administration has set an bold goal of reaching Rs. 1,000 crores turnover. 

Written By Vaibhav Patil

Disclaimer

The views and funding ideas expressed by funding specialists/broking homes/score businesses on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a threat of economic losses. Buyers should subsequently train due warning whereas investing or buying and selling in shares. Dailyraven Applied sciences or the creator are usually not accountable for any losses prompted on account of the choice based mostly on this text. Please seek the advice of your funding advisor earlier than investing.

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